Annual report and financlal ststem•nts for the period ended 31 March 202S Aster Foundation Charity registration number 1198145 Annual reportandfinancial 5tstement5fDrth2yearended 31 March 202S Aster Foundation eont•nts Pag8 Legal and Administrative Oelails Report of the Tru8iee¥ IndependentAudilorfs report lo the members of Aster Foundation Statement of Financial Adivilies StateTnenl of Financial Pa￿lIan Statement of Changes In Reserves Nok51o the Finaro81 Stakmenls 14 Annual reportandfinancial 5tstement5fDrth2yearended 31 March 202S Aster Foundation Le al and Administrative Details Règist•r•d oftic•'. Sarsen Court Horton Avenue, Cannings Hill, Devizes, Wiltshire. SN10 2AZ Legal status.. Aster Foundation I'the chanty'l is incorporal8d under the Chanty registration nuTnber 1198145 and is a whally owned subsidary of A$ierGroup Limitsd and a memb6rof the A$ierGroup Ilht group'l. Membtr8 of the btsard.. The Iruslees of the charity tho were In office during the period and up lo the d81e ol signing the finan¢181 Stslements, unless olhemise Indicgled are set out below. Trustees Clive Bamett Mat Cooling Farhan Shakaor Amanda Wiggan ompany S6cr8tary'. David Betteridge Davm Fowler-Ste¥ens Re*gned- 1 September 2025 AppoJnled- 1 September 2025 Independent Auditor.. KPMG LLP New Kings Court Suits 6. Tollgatt Ch8ndler's Ford Easiieigh S053 3LG Prfnclpal Bankgr Bardays Bank PIC 1 Churchill Place Canary Wharf London E14 5HP Annual reportandfinancial 5tstement5fDrth2yearended 31 March 202S Aster Foundation rt of the Trustses The tru*ees. who are also directors ¢1 the chaThtyforthe olthe Companies A¢i 2006, present th*r iewrt and Ihe Qudrted finonaol *atementsforthe year ended 31 Mar¢h 202S. Printip41 actwities ThE cha￿Y existsio enablE the betterlives of the peoplE who live in and around uur comfnUn￿es. We bEheve that everyane Shou￿ have the opportuntyto hsve safe, fu￿l￿d, and happy life. Ourapproach Isl0 otfer Impact pr(wJiamm8s 4thich notonlywotkfor P80p￿ thingsgowrong, aso trytotacklethe Toot caus8 of $ocialchall&Thge$through Innovai￿ll. The tN$tee>do not£nti¢iwe snysv3nrfiCaTht chanoeg inthe ehsriiy's ￿tiv￿leS intheforeseesble I￿ure. Resutts forthe perfod ThE profftforlhE yearended 31 2O25was£nil12024". £nill. ThB TruytsB Thg trustefrsare Ssted on wagg 1. Notwstees h￿d, * anytimeduriDg Ihg year, any bgneficial imerest Inlhe $hare$ oflhecharity. DlrgGtors' Indornn￿e5 A*er Found*ion is a member ofthe A*erGn)upN*h￿h hos m￿t quolrfyin9 ihlid party indemnity piow*onsforthe benefils oritstiusiees and officeis INvhKh eAiend to thè pÈrfoTm8nce ol Èny dutiès ÉS 8 dI￿tOr oroffLEr of an 8SSOCiated com￿nY oi $ubsidi2ty1. The prOvi$ion$ h2ve been in thcethft)uohts￿ thè year Énd rtmain in force atthe dateof th15 iepDrt. Going conc•m Th8 trust88s, aft8r r8biEuNn9 Ih8 chanty's budg8ls for 2025126 and the group's médium tétm financia wsrtion as dal*l8d in th& s(￿Yea1 ￿51￿85S plan ar@ of the owni¢n that, taking vf $gvere bui ￿a￿s1￿9 dowD$ide$. Ihe thaiiiy 4*ql have $utfi¢i&Tht fund$to me&t rt$ Sabiliti&ga$ Iheyfall duefora p811￿ vf 12 moDth$from thedate of oppioval ¢f Ihe financla *atements. Thetiusiees Iheielore ¢0￿InuetOad0Ptthe g¢in9 concein basisin prepanng Ihe ann￿￿fin￿rCI￿l stsiements. Reduced wrtlng dls¢losure5 Sècbon 1.12 of FRS 102 dlts¥Y8 Subsidiarie$ to take Édv£ntsoe tsf eert&n dI￿o$u￿ èxÈmptitsn$ in theirfinÈnttÈl ￿t￿ements. The (olom￿n0 exemp￿￿$ have taken alA S&terngni of Cash Fbws asouuined In se￿10￿ 7of FRS 102, and blThe requireme￿ io disdos& key managemeni personnel ¢ompenSoi￿n outlined In paragioph 33.7 of FRS 102. Aster Foundation h£5tsken &dv&nt&oe tsftheae &xem￿lo￿$. A (ullset tsfdtsth$urèYère iThclUd￿ inthe Gil￿P.5¢0￿$did*ted ￿￿teMents. Gov•ming Documlnt Aster Foundation ￿ a ¢hsntablE Incotpor*ed Orga￿￿tion, registered wrth ¢hartiy comm￿S￿￿ forEngl8nd and waes. Rfj¢ruitrnwntJnd appointmfjntof Tru¥tsg The ChaDt*sTrustee$, who arethe lègal directors ofthe charity, ar$￿1￿CtIve1Yt?M?￿t￿e Board ofTw$lee$. Apan Irvm Ihefiw ¢haiiiy Irus￿8$, every Iru$iee mu$l be ￿pp￿nied loi a ierm of upto three years by a reS￿￿11¢n pas*d £1 a properly convened meetin9 of Ihe choiiiy trustees. In selecting indivlduasf0r£pp￿nimtrnI as Ch&lily I￿ste&S. the tha￿Y1￿U$￿S must havè reoard to Ihe skJlls. thowledgè and expèrtnce ne¥Jed forihe elle￿1Ve 2dmlnigtr￿ltsft ofthe CIO. Tru*ees dunno the year and up tolhe dale Dfapprovd 0ftheAnn￿￿ Reportandlhe Croup Financial Statements are 8et ouion page 1. Ast@r Foundation's 9ov8rnanc8 fraM8w0￿ ISsl￿d￿l￿d ontho UK Corporat&Gov8manca Code 2018 fth&Codg'1.Th8 Cod8 sals standardsof good Pra￿lc9 andthe prin¢iplesthat Ihe B￿ard of Tru*&s$ sh￿d appty in order w pr¢motethe purpose. values. and future $ucus$ ofth& Group. The ¢¢éeaim$ Boards In all Se￿￿5 10 oehieve s sd of #8ndards In tyder to be well govemed. The Board has s piooramme of ￿rk to ensure ihoi rt ¢OMplies Wih Ihe Code In¢luding on annual ièviewof CoM￿lance ba*d upon this workthe BO8￿ ctn9￿etsth&irtful1y comrlieg the2018 CtrJe&s relevantioAster Foundthn. Or9anlsafjonal structure and declsh)n maklng The Bo8rd met ihree limes In lom)al session With frequent contact tse￿￿￿ Meebngs. The B¢2rt rs responsible f¢r ihe Str￿e91C dI￿￿Offt and wlKy ol the Organisation. approvps the bu5ine55 and related budgets Ènd monitors perf01mÉn￿ aSain$t plèn budget. The Bo£td ol Twsteès hè8 tsverÉl respTrn5i￿lfyfor managin9 the risks which rt faces. Thg rfy¥gpJe$ ofA%ter ai8 restthd foi $pggficputwse an¢ Unrestri￿9￿ TeveDue rgseNes. Re￿il￿e4 rese￿e5 As a registered chority. don￿l¢n$ which are mode for a specific purpose. c£n only be used for the purposes oi the bme ihe orfl was madè 8nd Éle requiied its be idèntthed 8$ rest￿￿ed rese￿e8 until èApended in &ttsrd8nce the donorS' i￿n￿￿$. While being regtnthd. they 8rÈ induded in the totd TeseNesfiguie butare nDtavalablefDrAsterFoundationio usefDrany DthErputPO8ethan that Intended bythedonor Revenue r88grwe$ Iho$& resetv88 ofAstei Foundation whKh are re¥Ji$gd and aTe avalaW&forAslei Foundationlo u$&foi any The Tiusiee's polw is i¢ maintgin sufficie￿ reserves to meet exibng and fOre￿$t finonciol c¢mmrtments. The y￿er￿e5 hdd ￿ 31 Mèr¢h 202S. as disclosed in the nancid ￿ateMentS. hÈ$ comr11￿j Mth this asthe F￿rnd￿n is 8dequateiv funded 8nd $upwrted by if8 ParentAsierGrOup. Annual ièwrtand finaThtlal foi th*yÈarèndèd31 Marth 2025 Aster Foundation Re ort of the Trustees continued Review of the ¢harity Aster Foundation Is an Independent ￿ls￿re￿ Charity, chanty number 1198145. incorpor8led on 4 March 2022 and administered by the Ch8rity ommission. The ¥ccoJnts represent the peri(￿ for the year ended 31 March 2025 The A51er Foundation ￿S crealt* by Aster Group In reswn5e to government welfare wlicy changes In 2016 and increasing Inequalities acros5 the UK and Astsr communities". also as a way lo highlightthe additional work catried out bythe Groupto create S￿la1 impact in the pla￿3 which needed it the most. The Foundsiion operated ss s departtnentwilhifi Aster for nearfy three years snd wlhin this tsme. posibvely Impacted thousand¥ ol perfle. Aster Foundation tecame a chaiily In March 2022 Wllh the hope of reaching more wple lo combai the ¢aJse$ and eftecu8 of p)verty. Ourwhy Povety Is a tempor8ry experience for some and 8 long-lemi situation for others. 11 ¢8n be hidden or very trisible. 11 c8n be worsened by international, national, or even FÈrsond chan9e5 and fed very much out of your control leaving a lowlasbng Impact on those Il touches. Being In povety means differentthings to drfferenl people." and thays one of the main reasonswhy ther8 are so many ways of measuDng or defining it. Definition¥ Can rely on information about p￿￿&.$ Inc¢Jh&s, or housing costs. and soma tslk about m816rial 88$8niial$ or trxpen6nc&$ p6Wtr need for a de¢eni $i¥nd8rd of living lfvhich Is why stti81 research will be so Impmani in giving those experiencing poverty a voice. ExkErts are h￿￿eVer In a9reemenl, that poverty exists vthen wple lack the means to satisfy their t￿sIC need5 across the follo¥￿￿9 areas a￿1 these are the areas the charityworks auoss in partnershipwith rts largest donor. Aster Group. - Employment Iwo Money lfin¥nc181 - Mentsl wellness or swal connections -A home. Wrth strI￿g links S￿la1 housing and EK)vety. partnering with Aster Group is a rbalurd fitto ensure ils work reachesthose most in ne￿1. OUT mi88iOll 1$ to.. En¥tle the beiier lives thr￿gh combatliNJ the causes and effects ol roverty. We do this In partnership vrilh Aster Group, who give the foundation$ for us to combat p￿ety through their vision of 'everyone has a home,. Ourflve big facts 3,979 people were positively Impacted by As￿r Foundation programmes in 2024125 lover 20,370 Ftople since 20211 1,565 people were supported to be financially included. . 2,205 people have been supwrt& wlh their mental wdlness or social connecbwty. . 209 people have had support wlh improving Iheirchances of empbyment . 84 havt volunteered th6irtime to Support pèople am¥ our c¢Jmmuniti68. Mental Wellness and Social Connectivity 2,205 pooplo were supported wlth tholr m8ntsi wollnoss andlor80¢I81 conne¢tlvlty- Wo dld th[8 In varlous vJay$ su¢h as.. 429 cdleagues acLessed 46 courses taking the opportunty lo Improve their wdl-being and gain valuaNe skills lo support themsefves and olhers theywork on behalf of. . 56 people benefitted from the 1-2-18UPPDrt offered by our iTrhou8e Psychotherapist. . 44 peoklewe¢ trained 10 become 8 ment81 health champion Iwilh 8 further26 receiving mental health first aid refE¥her Irainingl. 251 rEople from 11 different organisalions h¥ve direcuy benefitsd from 26 courses acros$ our wnmuniiies Our'p¥y-Il-foNard' modd has helped people Induding victims ol domestic violen￿. youn9 ￿rers, adult ￿rers. teachers, youth workers, end4)f-Iife carers and those ddivering assisted care lo disabled L￿PIe. For the first lime. we ddivered ￿rtifIed and Suc￿SS￿l ADHD coaching prografflrne vthich has di[￿tlY supported 26 Individuals". whilstalso developing newcours88 such as'dealiDg with trauma., . Attendees r* ourtraining and supportwilh In averaye of 4.8 out of 5. . 92¥> of oJr811endees would recommend our sessions ￿ ¥ thleague Each attendee ol the course will, on average. go on lo support a fvrther 3 people In the community with Iheir mental health. ¥*hich means our training has ImkECt￿ over 3000 &￿PIe across our communities. Employmont Improving the chance of emplownent for209 people in a home or CL¥nrnunty of Aster Group, through removing barriers which exist . 31 peorle ￿Ved Into sustained full or p8rt time employment through our Into Work offi*r. . 11 peoFAe gained platsmenls and ￿reer opwrtunilies In the social ￿SineSseSwe supported through the 202412025 in¢. pr￿ramme. 12 EEOFAe improved employability cha￿5 through supwrt such as laptops. 155 t￿PIe have rtxeiva1 learnin9 and skills through our digital college and other Initiatives. Annual reportandfinancial 5tstement5fDrth2yearended 31 March 202S Aster Foundation ort of th• Tru$te8S continuèd Financial Wellbeing 1565 people were $upportodto btrfin•D¢ialty in¢ludod and to hav* • btrttor r•l•t1QD8hip￿th monoy. Wo did thi8 In variou¥ w4y8 8u¢h 48.. . 215 successful ap￿￿3￿on5 were Madelo the Asier Group hardship fund. 40 peoplewere $upported through su¢¢e$$ful grani8ppli¢aiion$ * 99 c8sps to SUPPDrt ben8fi(Janps to man8gelh8ir Income. 188 fo￿bank refetrals forfamilies In wverty. £15.744 supemiarketvoucher5. . £5.820 energylfuel vouche 83S people provided with gener81 benelil advice. 123 ¢isabilty LEnefil adwce cases enabling peop￿10 aoEess th￿r￿r￿n(la1 enliuetnent. . 57 Cases suc￿sSful PC claiffl5. . 479 Unive￿1 Credilcases supwrted. 71 Successful DHP daims. 71 ¢usiomers $upptyrteJ wrfh Ihtrir Univtr¥al Credit, Man496J Migration ¢8se. * £2.475tn total value of bpnefil applications and appeals won forbenefioaries. . 1004 fuel EKwerty packs were distributed to Ih05e In need. Financial review As With any ch8fity, A8ter Foundation 1$ supported to oper8ie by an Income generation KA8n. This ha$ v8nous str8t￿leS and ch8nnel$ vthi¢h are deployed lo g*nÈrattr Incoma forlhe th¥rily lo cover our core ¢o$ts $nd charities FunJ8 gtnw$ied csn go Iow8rds ¢h8ritsWÈ ¥¢bvity such a$ P8DpI* help wrth tnanaging ￿115 and deb15 SUPPQrting people lo move from unemployment wotk, social research or even helping people lo understand th￿[ ¢wn mental ￿1th so they may go onto support oihers In crisis-. as well as the safe day lo day running and management olthe charity. Aster Foundation yener81ed income ¢1 £1 1 mlllion lorthe year ￿ 31 M8r¢h 202512024. e1.2 milli¢nl- Aster Group Limrted. Aster Commvnthes. Synergy Housing Limil8d AslprTreasury PIC donated £1.0 million to the foundation to continue supporbny the group's progratnmes jnduding menial wellness. financial Indus￿￿, aDd employment. Asier Foundabon dso generated £121.000 of extemal (Jmlribulions and dOn￿lOnS And generated £8.000 through the delivery of Mental Health And wdlne8$ training ¢oa¢hiny VAlu•for Monèy IVIMI Statèmènt- Astèr Group Value lormoney 1$ ￿¢¢r00￿ 8nd 8¢¢ordingly di$do$urs$, aro on 8 group ba$1$ of whith Astsr F¢und81ion 1$ partol. Our operating environment remain& highly challenging. ￿lih economic uncertainty endurirbg Ihroughoul likely lo persist in the year ahead. The UK economy continues lo experience dedining business and Consumer conlidentt In response lo government policy, Whi￿ the wider glo￿1 economy remains ¢hangeable folknNing the eommentemeni ol a second Tmmp administration. At the s£me time. th8llenges spetslic io the housin9 Sèctor eontinue unabated-, including, fore￿m￿le, ihe incre?sed cost ol Investing In our stock lo ensyre our custotners live in sats and suit3blp hotnes, and in the long term. The housing market has also remairbed weaker than in previous years, whKh has Impactsd our development and dispwJsal wograTnmes this year. wherewe Saw a slower sales rate bping achEved. The need 10 dèliver value for money (VFMI In all th81 we do remain$ paramount Whilst the rent $ettiemeni tr￿Me0 to ¢P1+1% this year. we ¢oniinue to fe81 the subslantsal impact ol previous rpnl csps. This coupw with the aloremenlioned invesltnenl prpssures, tneans we finish ihe ye¥r more tinan￿allY constrained ihan In previous years. However, wlh plans to GoDbnue delivering our amo￿ouS custotner services rnodetnisatsoD progratnrne Ythh a sharpened focus on teChn0k￿y. we're confident that we wll drive Increased efficiency and effectiveness-. build back our finanual strength while also ensuring we continue lo meelthe needs ol our euslomers, Col￿gueS £nd communitie5 Is Itnperalive that we seek ways to dnve Incr￿6* VFM as we continue lo priorilise quality, satsty and good custorner serv￿e. believe VFM Is about delr¢ering s￿la1. financial, and environrnental value ac¥oss everything we do, underpinned by being eff￿tive In how we plan, Tnanage and D￿rate our business. One of the key enablers of this is how we make evidenc&based decisions, ensuring that we have increasingly accessib￿ data and Insight for everything thalwe dD and this yearwe have started lo Implement a new daLa operating model that will strengthen our approach. Corporate Strategy VFM forrns a ￿￿traI part of our business arbd organisalional culture. We believe our Corporate Strategy reflects this and coDbnues to be fil for purpose. Th15 year we Intr￿uCed our five lon*temi Strategic Prioribes thal are core to the delivery of our strategy over the coffling y￿r5. ensunng we priorilise Ctiviues that deliver against a ￿ntral lenel ol our strategy. to provide safety and security through a range ol housing and se￿￿eS. Vlilh our reSoUr￿S more stret¢hed than ever. VFM ¢onsideraiions 8re baked In￿ ea¢h prltyity- not Iu$i In iemi$ ol aellverlng our 8ervi¢e$ MOE efll¢lentyy, al80 dellverlng btrtt8rout¢ome8 lor¢ur¢ustotnÈrs Ih8ir ￿t￿MUnItIes. Through our treasury and business planning prO￿sses. which have been slrerbglhened In the past 12 months. we understand our future funding requirements and are makin9 sure ihey can be effectively Plrt In KAace lo alknw us lo deliver our Corwrale stra￿9Y and Stra￿91c Priorities The Group looks to mske best use of rtg capatrty- snalysing risks through sten8riO tèstiny- by maximiAing borrL)wing and effectivèly utilising Secunty whilst 81$0 maintsining credit strength. Achievjng VFM Is embedded in our capital and treasury sltucture, 8ugtnente¢ by appropriate lunding slrwiures such ?s the Group s boDds. to ao*ieve Interest LDSI savingswhich are re4Dvesled In maintenance and new developrnenl5. Progress Againsi our Slralegie PrioritEs Is monilDred ouarterfy by our Executive and Overlap B￿r￿S Meanwhile, Our CDfpDrale performaTh￿ frame4YO ¢oniinue$ 10 provide a ¢omplementsry view ol the bu$ines$'s finan¢i81 health and perform4n¢e ag8in$i health 8na $afety obli981ion$, I￿*1 ¢ontr4¢tual regulatsy requirpmenls. This Is where we tnonrtorlhe RegU￿tOff& Value lor Money tnelrics. We will ￿ntInue lo benthtnatk our pprfottnance against limited numLEr of peer organisalions that. collectivety, we believe provide us wlh the m05t suitable baroTneler against wthich lo assess and challenge how weare doing. Annual repDrtandfinancia15tatement5fortheyear ended 31 March 2025 Aster Foundation Report of the Trustees Icontinuedl Valuè for Mow (Vfm) Stst@iTri•ht- Astèr Group (COn￿n￿*d1 Procurempnt Maintaining the financial health of our business requires Goleagues lo make Sound, commercialty driven decisions. procuring the nghl things. at the nghl time. In the nghl way Over the l0$1 12 months we h*ve wotked toward$ $￿¢￿¥1￿1￿ embeddiny new pro¢uremeni politye$ and pro¢£dure$ Into our W8ys ol working. Our focus remains on mBintAining complian￿ with the Procurement Act 2023. while proactively preparing for and Adapting to ihe evofving requirements being introduced throughout the next Coup￿ ol years. Our locus remains OD maintaining Com￿lance with the Procurement Act 2023. vthile proa¢iivdy preparing forand adspiing to ihe evotrtying requirement$ being Inirodu¢ed throughout the nexi ¢oupk ol year$. By evolwng our procurement govern8nTr and contrds, we continue lo empNver our coil8agues Whi￿ powlioning Pr￿u[e￿&￿t aclivilv8S to [￿a￿t￿ls￿ opportunities and VFM for boih Ihe business and our customers VFM rem8in$ 8 co￿ printyple, notiu$i abo￿ ¢ost $aviny$ ai the expen* of quality. bul abo￿ Oplimising the use of our re*u￿¥ and a$sei$ 10 dnve efficienues and Aehieve the best possib￿ 0￿￿meS. These prinuples are deeply eMWded In our procurernenl 8nd pro￿d￿reS. ensuring VFM is considered ?nd gained al all stages of the procurernenl process. Linked to our wder transformation and customer se[Vi￿ M￿e[nIsation projects. we have Increased our focus on realising the berbeffls of lechmlogy to suppth tr8nSP8rency, VFM, gaining benefils for our cuslom8rs and communilips. We ar8 Im￿e[nentI￿g management and culture thanges in response to Ihe findings of 8 contract m8nagemenL InlernAI Audil, drivin9 benefiis from greaier visibilily, control 8nd commercialism. This seeks to elevate Aster a5 a clieDt within third-party relationships and underpin the development of a well-rounded and standardised approach lo entire contract life ¢y¢le man8gemeni, ensuring Il is embedded In Grou*wide pra¢tices with measurabk and report8We ￿ttOMe$. Addilionalty, we have stsrted lo develop a Strategic Wliance contract rn(￿e1 lo support collaborating with supply chain contractors on I￿g-terM P8rtnerships. Thi$ model seek$ 10 Inceniivise partitipatin9 organissiion$ to deliver beiieroui¢ome$ colledively. Efficiency Ov8rth$ last 12 months we have taken acti￿ 10 unlock annually re¢urnng $8ving$ of £3.6m and have p18n$ In p18¢e 10 In¢r88s8 by 8 lurthor£Sm over the next three years 8s our customer services modernisalion and lechnolo9y pro9rammes progress. Our efficienues a￿ being driven from a range of sources-. includirbg bul not litniled lo the further integration of our operational tsatns folbNing recent acquisitions, Initial oulpuls of our cuslotner semce modern1$8110n programme. the roll out ¢1 $eNitr reviews a¢ross m8ny 8r#s of the business. and pro￿rement Our effiien¢y progrsmme 1$ 81$0 seeking to streamline the provision of our central servi￿9,. for e￿Mple. maximising the optK>rtunities provided by the rollout of Microsofl Dynamics In Financ8 and D8yfDrce for HR and P8yroll. Governance Our G1 r8ling Ire$ffirmed follo￿￿ a stability check In November 20241 Indicates th$t our governantr processes a￿ Aound, $nd we are getting VFM trom the Investment V￿ make in our governan￿, risk and assuran￿ framW￿rkS. Our Internal governance trarnewotk provides assurance through vanous rnech8n15rnS Our VFM measures and targets are monitored and scrutin15ed by our Op8ralional ScTUtiny and Assuran￿ Panel IOSAPI and are also presents r*ulady 10 th8 Ovwlap Bo¥rds. The ddivery ol our effiuency progrBmme Is reported through our Corporate Performance Fr8rnework. and reported into our Executive Board, Grou Treasury and FIDance Cotntnittee. and Overlap Boards. .OSAP also monitors £nd trscks projects and Initistives which dèliver S£Vings, effiueney Improvèmènts and addition81 benefits. Our Group Investment and Assets Panel IGIAPI considers VFM In all de￿$10￿5 relating lo our slrategK asset. investment and developmer pr￿r￿mm￿s. We r8cognise the ChaI￿nging econorn￿ environment and ensure th31 contraclor p8rfotrn8nTr and viability are key wnsiderations in Ih¥i decision making .We track our sooal Value through Ihework of the Astsr Foundation. and through Dur ￿deraCt￿rty auossAsler Group. Including within Enham Trust. For the most psrt. we have lully irn ￿emenied the outcomes of the orgAnisalion wide govemance review conduded In 2023. ensuring our slruclure5 and pr￿eSSeS remain appropriate for our 8￿￿[g£d Group. Only elernenls ?re ongoing and wll be further progressed In the coming y*r. refiniw our 8pproach 10 hearing our ¢u$tomer vOi¢¢ I￿r new Customer Voi¢e Commiiiee will meet for the first time In June 20251 and ¢ommenuw, on 8 ph$sed basis. a streamlining of ourcorporate structure to ensure il remain5 fftfor the future and offers the right ￿lan￿ bptween flexibility and VFM. Prlnclpal rfsks During 2024125, the Board regulady rewewed the len strategic risk IheTnes which il believes Gould adversely impact on the achievement of objedives or Imp8Ct on ihe ddivery ol SeN1￿ to customers. Th¢ Board also fo¢u$ed ￿ the un*rtainties whith ¢ould present OPWunily io further ddiverihe Group's vision and pu￿OSe. Thefdbwing list provides an overvEw of those princi￿1 risks lo the Group atthe of Marth 2025. Financial Performance and R￿Illence- Below acceptable operating and profit margins and lor ¢hallpnge5 acce88ing viablp funding anil re- financing options Our ￿spOnse". Budgets are rigorou5ky set and r&forecast through the year fl¢yMng Into a Living Bu51nes5 Plan. Through KPIS and OPIS. pwtotrnan￿ Is continuou￿Y r8viwed ag?insl ￿d991 and against key m8tncs and goWen ru￿ sel out In Ihp Group's Treasury Manag8m8nl PDIIGY. siress le5￿n9 through muttpvBriant stsnarios covers a range of difterenl PDteniial economic stsnariDS ￿ engure the GrDUP can mitigate a9ainsl Ilenlial economic risks. Other relevant ￿narIO$ are le5ted a5 and when appropriate. The Group op#r818$ a mixsd funding $iraiegy 8nd 88 8 r¢$ull thi$ minimiss$ •xpo$ur$ 10 8 $ing1$ $ourts of funding. Annual reportand finanEial 5tatementsfDrtheye3r ended 31 Marih 2025 Aster Foundation Report ofthe Trustees continued) Prlnclpal rfsks Ictsniinuèdl Regulatory Standing- Our governance, service delivery oran incident result in a decline in our relationship and rpputatson with a regulator Our respoDse" While the prioniy lo¢u8 is on pr8v$niion of any In¢ideni Ih81 may rtsull In wn*omplian¢s with 8ny reyul410ry wim&, tho Group rwniss the value In maintaining tr8nsparenl and effective relationships with key regulators. Oversight cytmes frotn a cotnpreheDS￿8 compliance framework that encompasses all legal and regulatory responsibilities. The Group regulady rewews Sèfvices 8nd Intemal eontrols against reyul2tory $tand8rds, recognising the br#kdown In trust thai o¢¢ur b¢¢su$e of 8 tsIlu￿ 8nd are wmmitted to providing good quality and compliant services. Strong gov8mance and robust probity atrangements rninimise th8 potsnli81 for? ￿rpOrat& crisis event. People and culturÈ-WÈ don't have the cuknre, people, dlverslty Df thoughtorskS119 we need to rÈallse our pOtet￿•1 It)to the futurè Our ￿spOnse". eL4league wo1￿ has shaped a new people and culture p￿n lo bp delivered trom 2025126. Through a range of insights this plan focuses on an employtnenl offerthal enables everyone lo delwertheir best work 8nd forthe Group to ?ttract and relain a diverse rang8 ol tslenl. Through a sir£legic approach ￿ workforce pl£nning the Group can engure the right skills are Identified And develo￿ to meet fu￿re needs £nd operational delivery. We v* our apprenii¢È programmtr and 8¢¢6ss to th6 8ppr6nti¢trship levy to *n8bl8 ¢olb¥gu6$ 10 d6vdop n8w $kill$ and havtr 8¢¢8$$ 10 prof*s$ion81 qualifications. This enables us lo provide opportunity for development and lo grow ourown tBlenl through upskillin9 8nd reskilling And lo retBin talent Co￿Orate and social responsibilty Aster Found2lh)n is acutely £wBre Of Ihe ttorpora￿ and sociBI respDnsibilily Il h88 lo work In a constiDUS way and h£ve a PDStive impact on Ihe Surrounding community. and Is committed lo the group's CSR appr¢%ch where applICa￿e. Full detsils of the Group's Corporale and soual responsilbily reporting are disdosed within Ihe Gr￿p.5 c￿s￿Iddled financial slathenls. Annual reportand finanEial 5tatementsfDrtheye3r ended 31 Marih 2025 Aster Foundation Re ort of the Trustees continued Staternent of Trustees, re5ponsibilitie5 in respect of the Trustee5' annual reportand the financial staternents The trustees are responsible for preparing theAnnual Report and the Iinanual statements In aCcA)rdan￿W11h applicable lawand regulations. Charity law requires the trustees to prepar8 financial slatem8nls for each financial year. Under that law they have decl￿1 to prepare the financial $iatemeni$ In a¢cordan* ￿th UK 8¢countsng standards snd a￿l¢abl& law, Including FRS 102 The Financial Rtwrting Standard ap￿1¢able In thtr UK and RepuWic of Ireland. The financial slalemenls are required by law to give a true 2nd lair ol the stale of aftairs of the chanty and of the incoming resour￿ and appli￿￿0￿ of reSoUr￿S forthal p￿riod. In pr8panng I￿$&finan￿al ststsmènts. g6nwally actspitd a¢counting pra¢bct eniail¥tht Iru¥ia88 artr requirtd lo". - suitsNe accounting pdicies and then apply them ¢onsistenYy.' - makejudgeTnents and esbrnates that are reasonable and prudent, stsiè Ythtrihar apkli¢abl& UK ac¢ouniiny standards h8v8 fdlowed, subjt¢t to any material dapartur68 dis¢lo*d and txplainèd in th6 financi81 si¥temenis, - assess the Charity's abilityto CA)ntinue as a goiry con￿r￿ d15cbsing, as applicable, matters rdated to going concem, an - use th8 going Con￿[￿ basis of accounting unlessthey either intsnd lo Iiquidal8 the Chanty or lo cease operations or have no realistic allemalive but to do $0. The trustees are required lo a¢t in a¢tordan¢e with the trust deed and the rules of the ¢h8rily. within the framework of trusi 18w The trustees a reswnsible for keeping adequate accA)unting records that are sufficient to show and explain the Charitys IransAclions and disclose with ￿sona￿le acLuracy at any time Ihe financial posibon of the Charity and enable them lo ensure that vthere any Statements of acix)unts are prepared by them under section 13211) of the Chanlies Act 2011, those statsmenls of accounts comply with th8 requirements of regulations under that provision. They are responsible for such Internal control a¥ they determine i¥ neces$8ry lo enatye the preparaiian of financial ¥iaiemenl¥ thst are free from material missiatemeni. whether due to fraud or error, 8nd have gener81 E$ponsibility for taking such steps as are re8ts0n*Wy open to them 10 Safeguard the assets of the ¢h8rily and lo prevent and delect fraud and other irwJlaritie5. Board Mtotings The Iruslees meet wularly throughout the year in order lo effectively discharge ils duties, for the year ended 31 M8r¢h 2025 11 has mel 3 limes and Ihere is frequent contact bebween meebngs. Dl8clo$ure of Infornlatlon to audltor So far as the trustees are aware, there 15 no rdevanl Information of vthich the group's auditor Is urbaware. The tsustees have taken all reasonatAe steps Ihat ought to have been taken lo ttbake itself aware of any relevant audit information. and to establish that the group's auditor is a￿[e of that information. Signed by order of the b08rd Mat Coolinll Trustee 2 September 2025 Annual repDrt3ndfin3nc131 st3tÈmenfs forthÈ yearended 31 M3rch 2025 Independent Auditorfs report to the members of Aster Foundation Opinion We h8ve audited the financi81 statements of Aster Foundation I'lhe Charity.) for the ye8r end￿ 31 March 2025 Ithich ctynprise the statement of financial activities Iincluding the income and expenditure acLounll. slalement of finanual position. slalemenl of changes In reserves and related notes. Induding the accA>unbng poliaes In note 3 In ouropinion thè financi81 Staitmtrnts. give a true and fair viw ol the smte of the Charity's affairs a5 8131 March 2025 and ol its Incoming resourtrs and applitslion of ￿SOUr￿$ for the yearthen ended, have been properly prepared in accordanc8 with UK a(xounting standards. indudirbg FRS 102 The Financial Reporhng Standard appli(zLle in the UK and Rèpublic ol Ireland-. and - have been prepared In accordancewith the wuirements of the Charities Act 2011. Basis foropinion We h8¥e been appointed 8s auditor under section 149 of the Charities Act 2011lor its prae¢essorsl ¥nd report to you In 8¢cordan* wlh the regulations made under IhoseActs. We conduGted our audit in acGordanGe ￿ryth International Standards on Audrting IUKI I ISAS IUKI'I and appliCa￿e law. Our res￿￿￿￿lItIeS are de$¢nb6d bélow. We havtr fiJlfilled our ethical respon$ibilibtrS und8r, and artr indtrptndent of the Charity in accordance with, UK 8lhi¢al r*quirtrm*ni¥ Induding the FRC Elhic¥l standard. We believe that the 8udil evidence we have obtained Is a $Lthtyeni 8nd ¥ppropn8te b¥$is for our opinion. Going concern The Trustees h¥ve prepared the fin8noal slakmenls on the going ￿¢eM basis 8$ they do not Inknd to liquidate the Charity or to cease ils operations, and as they have conduded that the Charity's financial wsilion Yneans that this is realistic They have also conduded that there are no malenal Un￿rtaInlieS that could have ￿st significant doubl over its ability lo continue as a going concem forat least a year from the dale ol approval of the finamal Statements I'lhe goifig concern penod'l. In our evaluation of the Trustees, ¢onclu$ions. we considered the inherent ri$k8 10 the Charity's ￿SineS8 ￿￿e1 and analysed how those risks might affect the Charity's financial resourtrs orabilily lo ￿tinUe operations over the going concern peri Our cordusions bas￿ on Ihis work". - we ￿￿sIderI￿2tthe Trustees, use of the gDing Con￿[￿ bssis ol accaunling in th8 preparation of the financial stslements Is appropriate, and we h¥ve not Identified. and wn¢ur wllh the Trusiees. assessment that there 1$ not. 8 m8lerial Jn*rtainly rei*ed lo events or conditions that, Individually or colleclivdy, may ￿st Signifi￿nI doubt on the Charity's ability to continue as a going ￿n￿r￿ forthe going con￿rn period. Hi)wever, aswe Iznnot predict all fijiure events orcnndilions and as subsequent events rnay result in Out￿)me5 that are inconsislenl wlhjudgemenls that were reasona￿& at the lime they were made. Ihp aLK)ve conclusions are not a guarantseth8tthe Charity will continue in operatian. Frdud and breaches of laws and reguLition5- ability to detect Idontifying*ndresponding to risks ofm*ttriy*l misst*t&mentdu$ to fraud To Identsfy risks of material missl8lement due lo fraud I'fraud risk$'l we assessed events or ￿dItIonS th81 uuld indicate an Incentive or yes$ure to commit fraud or provide an opportunity to commit fraud. Our risk assessment p￿￿edureS Included". Enquiring of L￿rd. the audit committee and intemal audit as lo the Charity's high-level EK)licies and procedures to prevent and detect fraud. InclLYlin the Inlemal audit function, and the Charity'¥ ¢hannal for°Ythi¥iieblowing. a$ wéll a¥ thtrihar they havè knovd6dgt of sny actual. susp*¢ttd or allégsd tr8ud. -Reading Board 2nd audit committee minutes. -using analytical proceduresto Identify any unusual or uneX￿ed rdalionships. We ¢ommuni¢aied Identified fraud nsks throughout the 8udil team 8nd remained alert 10 8ny indications of fraud IhroJghoui the aJdiL As required by auditing standards and taking Into acLounl possiNe pressures lo meet profit targets 2nd our overg11 knowledge of Ihe contr(A environment. we perform prI￿d￿reS to address the risk ol managernent override of contro15 In particular the nsk that management may te In a position to make inappropnale accounting enthes. On this audit we do not believe there is a fraud risk related lo revenue [￿ognitIon due to the $implisti¢ of the rev6nutr ¥tr68m. We did not Identsfy 8ny 8ddilional fr8ud risks Independent Auditorfs report to the members of Aster Foundation In determining the audit pr(Kedures. we took Into accountlhe results of ourevalualion of the Association fraud risk management controls. We also performed prctsdureE including. pre-screening all Journal entries in the year and made Inquiries ￿th management based ￿ the screening ￿￿lts with consideration of seldom used gccounts. users activities and specific keywords Identifying joumal enthes lo test based on risk criteria and Ix)mpanng the identified entri￿ to suptorhng documentation. These induded those PO$l8d lo uDususl ac¢ounl$. Identilwn9 endEsponding lo nsks ofm8ten81 missletementdue to non-complian￿ wilh 18ws 8ndwul8tions We Identslied areas of laws and regulations that could reasonably be eX￿ted to have a malenal effect on the firbanoal statements from ourgeneral commercial and seGlor exterience. and through discussion with the directors las required by auditing slandardsl and discussed with the directors the poli￿@S and pra￿d￿reS regarding compliance with laws and regulations. We commJni¢8led identified laws and regulations th￿QhouL le¥m and remained 8lert ￿ any Indi¢8lions of non-comrliance throughout the audit. The polenliAI eftect ol these laws and regulations on the financial stslements vanes conside￿trAY Firsly, the Charity is subject to law5 and regulations that directly affect the finamal statsmenls Including financial reporting legislabon (including relatsd ¢hanty laws) and taxsiion legI￿atsOn, and we assessed the extent of ¢OTnpIian￿ with these laws and regul*OnS as part ol our procedure¥ on the related fn¥n¢181 statement Items. Vdhilsl Ihe Charity is subject to many other laws and regulations, we did not Identify any others vthere the consequences of nono0mp1ia￿e alone could have a material effect on amounts ordisdosures In the financial statements. Contextofth$ *bilily ofth$ audit lo d$te¢tftsud orbfs$¢hets of lawoTr*gulation Qvving lo the Inherent limitslion$ of an 8Jdii, there Is an Jn8¥oidable risk th¥1 we may not have detected some makri¥ misstatements In the finantyal statements. even thou9h we have properly planned and performed our audit in accordance wilh auditing standards. For eXaM￿e, the further removed norFcompliance wlh laws and regulabons is from the events and transactions reflected In the financial statements. the less likely the Inherently limited procedures required by auditing standards would Identrfy it. In additson, as wlh any audit, there remained a higher risk of norFdeleGtion of fraud. as these may Involve cdlusioD. forgery, intsnlioDal omissions, rni$represenlations. or the ovetride of Inletnal coTrtrds. Our audrt procedures are designad to detect m8ien¥l missiatemeni. We 8re not reswnsible for preveniiny Don-com￿lance or fr8ud and cannot be eypecta 10 detect noniorStgt(rtoryAvdilor) For and on behawof KPMG LLP. Statutory Audit Charte￿dACCDtsrttanl$ Suite 6 New Kings Court Tollg81È Ch¥ndler'$ Ford Easlleigh S053 3LG United Kingdotn Date". 22 September 202S io Aster Foundation statement of Financial Activities Ilncluding the Income and Expenditure account} forthe period ended 31 March 202S 2025 Unre$trfcted funds Restrlcted funds £000 Total funds In￿me from Donations and legacies Othar income Total In￿m0 433 1,120 441 1,128 Expprbditurg on Charitable aclNities Total oxpondlturo 441 14411 1.128 11,12BI 16871 Net income I lexpenditurel Net movement in funds Total cornprehen5ive income I lexpensel Re￿ncIlIatIOn of fund8'. Total funds broLJghl fO￿ard as ai 1 April 2024 Surplu$ I Ideficitl statement of fin8ncial 8Ctivitie8 Total furbds carriod forward as at 31 Mar¢h 2025 2024 Ljnrestrided funds £000 Restricted funds £000 Totsl fund$ £000 Note Income from Donations and le9acieg Other income Total income 487 670 1,157 406 670 1,166 Expenditure on Charitable adivilies Total e4kndilure 477 14771 689 16801 1,166 11,1661 Nei lexpenditurel l income 19 N81 movemtnt in fuNJs Total comprehensive lexpensel l income 19 Reconalialion of funds.. Total funds brought forward as al 1 April 2023 20 (Deficit) I Surplus from statement of financial activities 19 Totsl funds carried foward as 3131 March 2024 Tha accompanying notes fom) part ofthesa flnanaal ststsmanls. Annual report and flnancial statements lorthe year ended 31 March 2025 li Aster Foundation Statemant of Financial Position as at 31 Marth 2025 202 £000 2024 £000 14ot8 Current 8880 Debtors". amounts falling dut b%ilhin one ytar Cash and cash e4uivalents 10 17 117 65 Creditors.. arnounts falling due withirb one year 12 1661 Not Current 0880ts Non current liabilitie5 Not a880ts C3pltal & Reserves Reslricled reserves Revenue resetves Totsl ¢harlty fut)d8 14 14 The finanual ststemenls on p8ges 11 10 19 were approved and aulhorised for Issue by the Iru51ees on 2 September 2025 and were signed on Ils b6haK by. The accompanwng notes form part of these financxal statements. Mat Cooliny Trustee Dawn Fowler-stevens Company Secretary Annual report and linanti31 statements forthe yearended 31 March 2025 12 Aster Foundation Statement of Chan es in Reserves forth• pèriod èndèd 31 March 202S 2025 Rovonvo Rostri¢ts(I rose￿e¥ £000 Rov¥l￿tIon rose￿e$ £000 R88tri¢tsd Unrostri¢tsd fund £000 Total £000 £000 Éooo Balance as at 1 April 2024 Surplus I Idelicill frorn slaletnent of financial activities Balance as at 31 March 2025 2024 Revenue reseNes Restricted reseNe5 Revaluthon reseNes Unrestricted fund tooo Tot£1 £000 Restricted fund tooo tooo tooo £000 B8￿n¢t as 811 April 2023 20 20 Surplus I Idefi¢ill fr(th $t¥temeni ol 19 19 Ba￿nce as al 31 Maro* 2024 The accotnpanying notesform part of these linanu¥l sl¥tstnenl$. Annual reportand finanEial 5tatementsfDrtheye3r ended 31 Marih 2025 ia Aster Foundation Notes to tha Flnan¢lal Stat9ments Legal 8tstus Aster Foundation Is Sncorporsied under the Charlty registration number 1198145 and repistered wllh the Charliy Commissloners as coTnpany. 2 Basis of preparation The financial statetnents of the company have been prepared in accordan￿ with applicab￿ United KingdoTn accounting standard5. induding Financial Reporting Stand3rd 102-"The Financial Reporting Standard ap￿Icable in the United Kingdom and Republic of Ireland" IFRS 1021. the Charity SORP 2019.- sisiemenl of Recommended Prauice applicabk lo Chsrilies. The Charity is classified as a Public Benefit Enlily under FRS 102. The financial slalemenls are presented in Slerting 1£). Application of accounting policies The tharily's accounting poll&&s have baen applied consistently throughout tha perlod. Golng Concem The Iruslees. after reviewng the charity's budge15 for 2025126 and the group's medium lemi financial p05ilion as detailed in the 30-year business plan are of the opinion Ih8t. 18king 8ccount of severe bul plausible downsides. the charily Mll have sufficient funds lo meel its liabilities as they fall dLJe for s period of 12 months from the date of approvsl of the financl81 statements. The Iruslefrs therefore continue lo 8dopt the going CDncern basis in pieparing the annual financial 51alemenls. Pro88ntstlot) The charity has electe(I not to produce a strategic report, ststemenl of flows and disclosure relating lo key management compensation vilhin Ihe individual subsidi8ry financial sialemenis in line With exemptions aVaila￿e wilhin FRS 102 and the Charity SORP 2019.. S181emenl of Recommended Practice applicable to Charities. These disdosures gre included in the group's consolKlaled fin¥ncial 51alements. Ac¢ountlng poll¢lo9 Turnovor Tumover represents.. All lumover is rewnised in the Statement of Financial Actiwlies once Ihe company has entidemenl to the funds, il is probable that the income will be re￿iVed and the amount can be measured reliably. Don81ions and grsnis ara recognised where ther& is enirfemani, ¢8rt8lnty of receipt and the amount Can be measured vllh sufficiani reliability. Where appropriate grants are included in a restricted fund and are used for the putpose that the grantwas rnade. Accruod In¢om8 Vlfften, as a re5uII of performing 8 service or olhermse meeting the requirements of an agreemenl with a third party. income 181￿ due bul has not been Invoiced In th8 P6rlod, an accru81 is made for Ihls income. Deferred Income Where payment has been received for goods or Setvi￿5 not yet delwered. the amount is initialty recorded as a liabilty in the Statement of Financial Position and [￿nised as tumover once the delivery has been made. Restricted Reservo The rasarv& represents th& unexpanded amoLJnl of donations received wherè the donor has attached speclfic r8Strfctions as to how tha donation will be used. vthith have not yet been mel. Annual report and flnancial statements lorthe year ended 31 March 2025 14 Aster Foundation Notes to the Financial Ststements continued Ctritical accounting judgémènts and éstimation unc•rtalnty Preparation of the financial statements requires managernentto make ￿gnIfiCEntlUdgeMentS and eslimales. Esiimaies and jJdgettents are ￿tin￿811Y ev8lu81ed and are b8$ed ￿ hi$toncal expen￿Ce and Other factors, Irduding exreCtati￿s of fLrture events that are belie￿ lo be re8sonable underthe circumstan￿. There are no crrtical accounting judgements or esbrnations apElifA in the yearwhith inv(Ave a higher degree ofiudgemenl or cOM￿exity Annual reportandfinancial 5tstement5fDrth2yearended 31 March 202S 15 Aster Foundation Notes to the Financial Statements continued 5 Tumovei, operating expenditure and prof4t 2025 2024 £000 Inwme 1,128 1,168 Gros5 income in the reporting period 1.128 Expenditure 11,1661 Totsi 8xpwndltur8 ill th8 roportlng poriod 1,128 Mot inMm• I10x￿ndityr0> in tho fin•n¢i•l Wliod In¢omo and oxp8ndituvo 202S Unrestrfeted runds Restrlcted fund$ Prior period total fund$ £000 Total fund$ £000 £000 Incorne and endowments from= Don8lion$ and leya¢ies Otherlrading activit￿5 Total 433 687 1,120 441 687 1,166 Expendlture on-. Charitable acbvily Raising fvnds Other Total 11861 11341 ft871 186 {2071 14411 Nel gainsllk>s5esl on investments Npt incomellexpenditurel Tran$fèrs btytwown fvnd¥ Nèt movèmènt In funds Reconciliation of funds.. Total funds broughtfotward a5 al 1 April 2024 (Defi￿1} I surplus for Ihe period Totsi funds carrlèd fotward at 31 March 2025 Annual reportand finanEial 5tatementsfDrtheye3r ended 31 Marih 2025 16 Aster Foundation Notes to the Financial Statements continued Incorne and expenditure 2024 Unreslncted fundg Pnor yeartotal funds R*¥in¢t#d funds Totsi funds £000 £000 £000 £000 In¢orno and èndowmonts from: Donations and legacies Otharlrading activit*$ Totsl 487 670 670 1,234 Exppnditure on= Raising funds Other Totsl 14771 11,2341 Net g8insllbss6$1 on inv$$im6nts Net In£omellexpendlturel Transfèrs bètwèen fund¥ Mot movomont in fvnd8 Re¢oncillatlon of tunds.. Total funds brought forw£rd as al 1 April 2023 20 (D￿>1) l $urplu¥forth* pèrjod Total funds carried forwaril as at31 March 2024 Annual reportand finanEial 5tatementsfDrtheye3r ended 31 Marih 2025 17 Aster Foundation Notes to tha Flnanclal Statements Contlnued 7 surp1￿$ I IDofl¢ltl for tho year 2025 £000 2024 £000 The surplus I Ideficitl for the year 15 Stated after charying I Icredf(ingl Auditorts remuneration lexcluding i￿eCOverab￿ VA In their capacity 3s auditors.. Finan￿al statements audit 12 8 Employ08 Infom￿10 The tharily had no employee5 Ill the year. Any eTnployees wotking for the tharily were employed by Aster Group Limited. The total recharges forthe period were £422.00012024.. £477.ODOI. The haadcoLJni and the amployet USI dlsclosur& Is IndLJded in th& financl81 statements of Iht company that dlrectly employ tsm. Ple8S& refer lo the consolidated group financxal statements forthe full head count and staff cost for the group as a whole. 9 Tax on proflt on ordlnary a¢tlvltl88 Aster Foundation is 8 reyistered charity and as such is POi&nllally exempt from iax8tlon of ils income and 98lns lo the extent that they f811 thin the exeinptions available lo charities under the Taxes Act and are applied to its charitable objecti¥es. 10 Debtors= amounts falling due within one year 2025 £000 2024 ÉODO Trade debtors Amounts owing by group undertakings Prepayments and Sccrued income 16 57 17 65 Amounts by group undertakSngs are trading balances paYa￿e on dem8nd and non interest b8arlng. 11 Cash and cash equivalents 2025 00 2024 £000 Cash al bank and In hand 117 117 Annual report and flnancial statements lorthe year ended 31 March 2025 18 Aster Foundation Notes to the Financial Ststements continued 12 creditots.. amounts falling due within one ytar 2025 £000 2024 £000 VAT Payautr Amount¥ owed to group undertaking8 Other creditors Accruals and deferr￿ income 117 53 16 134 66 13 called up sharè capital The Aster Foundation is a charity limited by gUa￿ntee. The Foundation is also wistered ￿Nth the Charity Commissioners as a company. 14 Other reserves Rèstrletèd Unr•strlctèd reseNe reserve Totsl £000 £000 £000 At 1 Aprfl 2024 Profivllossl forthe penod At 31 March 2025 15 Re￿ad party transactlot)s The chanty re￿iVeS management and other setvi12s from Its Aster Group LITnlted. Aster Communities and Synergy Housin9 Limited under the terms Ofdocument￿ SeTvice Level Agreements. Annual recharge5 Balance a5 at31 March 2025 £000 2024 £000 2025 £000 2024 £000 From regulated ontity NO￿r• of supply Aster Gr￿p Limited Aster Communities Synergy Housing Limited Mana9ementand other servi Managementand other service5 Managementand other services 97 39T 19T 107 49 366 195 JI recharges are al cost 2024 figures have been amend￿ lo be consistent wlh curwl yearlre81ment 16 Ultlmatg par•nt company Aster Foundatson is a subsidiary of Asl8r Group Limited, the ulbrnate parent entity and canlrolling party, and vthose consolidated financial 8iatemtrni¥ may be obt¥inad frtyh the fdlowng addrtrs¥. The Qompany Se¢retrry, S8rsen Court, Horton Avenue, Cannings Hill. Devizes, Wiltshire, SN10 2￿￿. Aster Group Limited is Ihe only group entsty to consolidatethe chaws linawAal statements. Annual reportandfinancial 5tstement5fDrth2yearended 31 March 202S 19