Chrly r•*tr•llon numb•r 1203091 Coftwy rnql•tr•tlon numb•r 137936M IEnol•nd and W•l••) DIDACT FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 DIDACT FOUNDATION LEGALAND ADMINISTrATIVE INFORIIATION J GrfINn trGThom P Hllhy J MCL• ktrJMthn 20231 Ch•fty numb•r 1203091 C¢xnp•ny numb•r 13793000 Audjtor Th• B••P B••hfv• Road Unk•d Klr* OPA DIDACT FOUNDATION CONTENTS P•9• Ind•p•nd•nt r•wi 8t•tsmwl rflln•ncl•l •¢MI•• 10 11 Not•• to th• fln•rd•l datwrrtr 12-19 DIDACT FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPOR FOR THE YEAR ENDED 31 DECEAIBER 2023 Tr• Truth# pr•Mnt th•lr rwt flnwKld •lat•m•nt• fix th• y••r and•d 31 D•camb•r 2023. Th• tru•tee• h•v• •dopt•d of the Statsm•nt of R•¢¢ytYnw￿•d PrAdce (SORP) 'keoLWrtIry And R•porlng by Ch8rltkn' In prepwlry the r•yt and ilnarKa&l •t•tsm•nt• Of th• thartty. The fin1nd￿ •t8t•monts havo be￿ pr•p•rnd In aw)rkn TA*h th• ocuurthy pDlld•8 e•t oul In 1 to the Ilnandal thm•nt• and e*)mpty th• tharltable CoMp•n￿l M•mOrnn￿m and Ath of A••odaUon, th• Campink88 Act 20th8 and Reportlw ty Ch•rltkn•'. St&•m•nt of R•comm•nd•d pr￿e￿ •prll(*bl• to dwttl Pr￿ar1￿j thdr acc￿l￿tI In thllh tho FIn4nd￿ R•p￿ttr4 SIArxl¥d appllc•bl• In tr• UK •nd R•publlG of lrnland pJbll•hed In O¢l¢b•f 2019. ObJ•ctlvM and athlll•• To Mgulw rnoo￿n98 of th• Bowd to W thom I￿••11 ¢1 ¥U¥lUo8 and ts •n•ur• th• loll￿ r••pon•lblllUu of th• chorty arn Up￿Id. R•gul•r m••Yng1 of th• P)oC to m•knl•ln oVw￿9ht of th• trlah portfollo In ¥thlGh DIDACT FourKlaYon an Intw•Jt. R•9￿￿ mo￿1n1* of th• EOT to compty ¥lth the •ponwthp Mrnlght r••pM•fbiiitl•• of tho group th• •pon*K (th• CEO) ol In¥••doth4￿Iknt•d trl•b. Th• EOT r•¥b￿ all nvw trfal propoD•l• Ilh th• guld•nc• aflh• rnad1￿1 l•*dw•Np t•m olth• TAP and IMpKf n•l*ffj￿. To •thbll•h th• DIDACT FrAmddC￿ k•d•my to mortor•hW o￿nts for th• r•xt 9•n•rallon oftht¢xl trW•t Hdp th• UK r•M•th dw•lop trrQlw￿I • kYo•p•th• dlnl(xl r•lll•ty af MIL p•U•ni• In lh• UKAnd to yovld• •p)n•or•hlp e4p•blMty for tN• rnO•by. D•￿lOpM￿l gl ts flrnt Ad￿l￿ry Bo*d lor • ph•￿￿¢•1 compwry. An M¥l•ory Bo•rd F• • mo?￿rvI th•r• a group of •Al•rn￿ •xp*ts (In H••matoloo11ts) conw* ty • compAry to pt th•lr wof•i•lonal •d¥k• •nd In•lghts on • •p•rJlk topk lor*thlGh th• •xp•rUM and knrthledqe w• not lthln th• Com￿nY. In d•v•l4Th￿l h a Patlent WKI In¥￿￿•m￿ pkn lo to th• c•ntr• ofth• oWUv••- W•nl and Publlc Inthmml and IPPIE) l• worklng ￿ pthnt• •nd lh• publle to lhpe DIDACT FOundatt￿ r••••r¢h, and w9• wth It. th￿ ¢•n b• d•mon•trth by tho pro•once of • p•tknt r•prM•rrtalfv• In •ach ofthe DF m•8llrYJ gr¢up• •nd lh• of the fir4t MHRA ￿proved dInS￿l trld ty P•O•nL Th• Tru8to•8 hav• r•g•rd to l•AMd ty tho Chwlty In d•cldlTrJ Wh￿ KIMU•• th• ckn•rltabh c¢mp•ny und•rt•k•. DIDACT FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achl•v•m•nts and pwlorm•K• Malnl•ln•d wn•ornhlp owr*ht of th• bl81 ACT-AML-101 0• r•ryJr•d ty rwul•lloM. Th1• trlal. hryAw•r, wa• tsnnlnal•d b•for• M r•(¥ult•d •ny pthrt• b•¢au￿ th• In¥•￿9•￿ dNg dwm•d ty the FDA to not b• worthy of fijrthar dlnk4f d•v•lown•nt and th4thth￿ ty th• piitr*r compjny. Al th• •tak•hold•r k•pt Irrfm•d d progr•M 8nd d•mlM ofthl• trlal. Th• DF Acthmy wa• ••labll•h•d. IMd a tmxklng pwty f•Wwty kn p￿n and d•1[￿r th• frf•t pvt al • I*￿p•rt tr•lnlng mrwnm• lunlor h•wn•tologl*• •nd rn￿Arth ha¥• ambltlcrt to bo In¥d¥•d In bknod cancer dlnlcd reDo•rth. Th• took Pla￿ In N(y40mb•f rK•l¥•d ty tho partklpants ￿1[ Idn th• ••cond part of th• woor•mm• In Awll 2024. Th• fvThir•mmo *•• pukAld••d wlthln th• UK h••m•tology Communty w•• +)v•rnubKrlb•d. All p•rtklp•nts hm ncAV b••n m*tch•d ••nbor ha•m•tdogF•ts m￿orn. Our fvrKllng p•th?r (Lwk•eThd• UK) vvj DIDACT r•port•d on th• flrnt pNt ofth• •v•nt through ￿d•1 m•dla • pr￿$ rnl•A••. Th•A￿Y w• p1w￿[nll fL¥th•r •v•nt•. *￿Ing th• r••••th DIW oYrtrn¢thd ¥•th • pvtr*r 4)ry•nl•thn (5PHC8) to hdp d•¥dw • UKAML R•gl•ty. Ihlll b• kr￿￿￿ •• kfy•Cw• r•g1•ty. A rlwrw• pro¢M• wa• wrt In pl•¢• to Id￿tIfy a •uknbl• v•ndor tr d•t• ¢•pdirn •nd mwwwn•nl and to p•rfm lh• op•r•ODnol r•qutr•m•nl•. A• • r••utt, ACT ￿11 be tho OP￿￿OnI1 partrw D•ndrft• Cllnk•l Ltd VAI man•90 dats c•pturo and th• d•t•b•M. IAI*rt t)n th• rngllty li ongolw and Mv•rnl mllethnè •lop• hm In pl•c• to opan th• r•g11ty In Q12025. A m••tlng Thlth Pol•nu￿ Wwmi•¢wts¢•l ¢(Ynpary fvndw• h•• b••n wrnng•d and • funthry pro•pectt4• pr•par•d. All ¢lthl• h•• b••n thld•ty put4d••d ￿ th•AML C¢fflMw￿. DIDACT Foundthn •￿e•ll￿1￿ got i w•it evro•ry to th• dMknpm•nt of thli AeAft• ktydold L•ukn•ml• IAVL) P•tl•nt r•*th. DIDACT Foundauon off•rnd ¢¢Y￿InU0￿ •Lywl to Inv••Ygth to dlnl¢•l trlali to bo run through th• TAP •nd IMPACT ¥rtihACT •• th• waOon•l p•th•r. Sw•r•l Irr sYopD••l• •r• L¥)n••qwnty •t • l•t• DIDACT FouNl•lon g•n•r*•d Inc*xx• In 2023 for th• •&Vw bo•T(I h•lp to pn>v￿• •th• to • Ph•rmac•uUG•l comp•ry. Th1• •dvl•(vy bowd l• th• frf•t of h kIr￿ for DIDACT Fo￿dItIOn A• ouulnod undw •etlvlll•• for th• y•ar and h•• b••n publlcl••d th• I￿*j•M￿ (xmmunty aThl DF ￿ pl•nnlng to run furthr nts cf tN• naturn In Ihb fikn. Fln•n¢lal r•vl•w It l• th• polky of th• elth•bl• oomwry Ththlth n¢X b••n for a •p•cMc u•• •h￿k1 ￿ m•lnlth•d It • k8vd oquW•rt to bthwn thr•• •Thl Ilx moMh'• •yp￿th1o. The Tru•t•M ¢¢n•ld•r that r•Mrm at th1• IWMI vlll •n•ur• th•t. In th• w•rrt of • •Sllnllle•rt dr￿ In fiJn¢l]no. th•y wll b• abl• to conlnu• tho charltatrAo ￿mPo￿l Gumint whllo COn￿d0￿{lon li gWI to way4 In vthkth addllloml fvnd• m•y b• Th• b•kntx •h••t rArt ￿ anW• of lh• a8••ts *trItKrtablo to the ¥•l(xx Th•M ir• ¥ulNd•nt tg m•ot th• c￿1￿8 t)bllg•kn• on • tM•l Durfng th• ￿r •nd•d 31 1)K•mb•r 2023 th• trA•l n•1 In(X%M and fiow In DIDACT Found•thJn w 48.749 (2iY22 476,209). Imwovomwrt on th• IMm￿lIt• pa•t p•rknd r••ull8. Total fund• u of 31 Dec•mbor 2023 •rrK4urrt•d to 4124.908 (2022 478.209). t*lth ar• 41 r••trlcW fvTrJ• h bwi fuw uwl durln9 tho pwlod. Tho caum for th• d•llrai¥ g￿er•I•d In th• c￿rror￿ and fv perlod i• to th• Infdol •tart￿P trj get tho eomyry fvncllcmal. Th1• ￿11 lrnFYove In fithr• p￿0d1 as addMiLThI I￿orne ￿11 bo generatad to ftmd th• op•r•llon￿ costs cl the coM￿ny. DIDACT FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORn (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Plan• forfulurn p•rtpd• Savwal Irr wopolals at • lth olage of develokynwrt w• l)•lry dI￿￿d p•thr ph•miac•uU(*l companla•. arn opUml•lk thAI th￿• M￿jaIlan• r•*At In tho Impkn￿lI￿on of ItT• durfw 2024 and 2025. Am￿nd wrt of th• DFAC•d￿ ts•knlnA I￿rt l• biYWI 30th 1•(2024. pl•nn•d. DIDACT Founddon ¢ontknu• to •upwi tho acadomk Ind rnnlrva •rnl op•r•Uon•l path•r• to •nwM th• •UthIr￿1Ity of blood drknl rn••ffch kn th• UIQ DIDACT Fourrtlatlon tAII ￿ntInu• to Nn lh• IrdU•lfv•• I￿h a• ad¥knory bo•rt h•w4 •lT••ty g•nwat•d Inc(￿• AJ th• I￿￿8 thxlng 2023 pkn•d ilYth• y••r• w• •lm•d at l)•n•fftlng p•W• blood . D•¥•loplnll Imthm•ntlry of th• mo•t dny ¢￿1•r 1h•rapt•• (•.q. worklng th• acadomk and nurikv ￿mM￿lI1••, 14ood chwNl•• Nnnlng •dvl•ory bo•rd•l. KI TAP VKI IMpKfnthort• (•.9. DF Aeadwry tr•knlw w¢wwnm•l. . G•Mrdng r••1 rtyiity d•t• Ilmt ¥AI h•1) to •MLW• •wIty rf aceM• to tr•jIm￿ acrom Il th• atthlc VKI ￿￿k￿￿nUm1C th• UK {•.& th• M>•C•rn rtyllty). 8tru¢tUrn. gov•rn•nc• and M￿lI•m•nt Th• ¢h•rft•bt• vxnp•ny h • c(xnp•ry Iml•d by 1Qth D•c•thr 2021 VKI r•gl•tsr•d •• • ¢h•rlty on 16th May 2¢y23, DF ¢h•rtty hm • CEO to th• tru*M. A •tr**c p•b￿l￿p0 thr￿10r, rn•￿￿1 l••dwthlp t•am•, Ex•cukn OpornUTrJ T•wn (EOD 8tr*•91¢ ij¥•r•lght COMMItt￿ (Soc). the d•t• of ilgMlur• ol tM flmnclil •tat•m•nts MrJGffin Mr G Thoma• Mr P Hlllmen Mr J Mc￿￿Nn Mr J M•lUn Prof•••or C F CTaddo(* Mr• H Brnund DIDACT FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTrIUED) FOR ThE YEAR EP4DED 31 DECEAIBER 2023 ThJ•leM are r•¢rulled on tho ba81• that hMI a •lOnm￿rt ht•ro8t In womollng Impo¥•m*rt8 In Cutt￿1￿ And c•r• for p￿P1• with bl¢xd ￿e4rn. Ncl•bty, ty 1Upp￿Al lh• InW•m•ntatlon of clk*o1 trlalB and **i•r dlnk•l rn•urth, by d•l￿r￿v4 ￿nIng pr￿mM•1 for hMlth(*rv PToh•81gn•lB Bp•(lali￿T￿j Inilood cancern •nd In¥(￿¥￿TY4 pad•nt• and palent advocth In th• d•wlcym•nt of thow o¢IMUM. Th• ￿rr•fit Iw*d ol tru•t•M Indudo1 a fomior r•pr￿an￿1¥￿ of Yood th•rfU••, 8¢•d•mk h••m•tologl•ts. o i•ln•Mman h•• rnlmd mon•y for • bhxd c•nw¢h•rfty8ffld • al NHSBT. Th• tru•¢w• hw• 01•o•••d th• m•Jor trlth th• l• •xpo••d •rn •ll•f*d •y•i•m• •r• •¢• to mWg•t• •xpo•ur• to th• r1￿& Non• of lh• ThJ•t•M hA• •ry b￿•￿¢1•1 Int•rn•l In lh• compmy. Al d th• m•M￿rI of th• •nd 9u•r•nt•• to ¢¢yffibuh £1 In tho vnnt of a ¥Andng IP. Audllor Sum•r AUdIt￿ Umhd TAW• wolrrtod M wknr *> th• cunpvry VKI a Prop￿Ing th•t fvy b• r Ippolnt*J ¥AII b• pul at a G•n￿￿ Mwthig. Qolng conc•rn •nd •ulW •v•nl• Th• tru•teeJ h0￿ conild•r•d d•llol and c4yfilrw to Ch¥ty kn Id•nlfylng nw fvndlr oPp￿n1￿M. b•kw Ir•trummt•l kn wwvJlr#J fixKlr**w athlll•i •Thl mlUg•tky Th• TN•t••• •[• confid•nt th• Charfty can cont*￿• a• a c4yK•n tr • p•thl of •t l•Mt I￿• month• from th• d•t• of •pWO¥￿ ofth•w fln•rYJ•i •l•t•m•nt Dl•¢lo•ur• of lftfornmtlon to audltorn •udM. bul ol *thlch the auditor unv4Ar•. Th•y hAv• fvrth•r c￿nf￿•d that th•y hw lak•n appro￿at• •t•p• to 17 May 21Y24 DIDACT FOUNDATION STATEMENT OF TRUSTEES, RESPONSIBIUTIES FOR THE YEAR ENDED 31 DECEMBER 2023 Th• Thi•t•••. ar• akno th• dlrn*ir• d DIDACT Fmdth fDrth• pwpo•• ofryjmwry Irw, w• ruponlblo for prnpadng Ih• Tr￿t•••' R•wt and the fNnd•l •tat•m•nts In *c¢rdIn￿ Yhth applk•tl• I￿ Unhd Klngdtsm Accounlng Stand•rd• IUnlt•d Ganfnlty Ac£eptsd Accoun11￿ Pr•clk•). Ir of tho •tato ol affalrn of Ihe ¢h•rfl*bl• campjry and of Incomlw re•ourc•J ond oppllcayon of . obmrve th• m•thod• In th• ChwMl•• SORP. . •t•t• *th•th•r appNc•blo UK ACMl• of condMon• ￿ 1Thllvld￿Ity or coll•d¥*. ¢a•t doth>t ￿ th• thvltst40 abllNy to conVnu• •• • golry c4Jncfffi for a pwlod ol •t l•••t m(th• ftom *th•n th• ilnarKld •lthm•nts *• •utrKrf••d for Our royn•lbllnl•• Ind th• r••￿M￿LI1￿l•l ￿ th• ThMt•M *41h r•yd to CiiKwn af• d￿b•d In th• r•knnt ••cUon• ol th1• r• Oth•r Infomiatlon •r￿ our audlt<*i r•wt lJw•on. Th• arn rMpondtl• for th• oth•r Inknn•Uonwntalnod ￿1n th• Annual r•port. Our OpInk￿ on th• IlnarKW •tat•monts dom ¢o¥wth• athw InfOrn￿n indvff8 do not •xFr••• any fomi of u•uranc• concl￿10n th•r•on. thjr r••pM•lbHliy l• to r•ad th• ¢]thw InfoffnAUon •rKI. In dolng •0. Con￿d￿r w*￿01 Ih +)th•r Inlom)don h m•tarldty Inconlkntant vlth flnandll •t•tem•nt* kno*l•dg• obtalned In lh• ￿rn• of IM or ¢Jth•r¥AM •ppo•r• to b• m•t•rWty MI•#a￿d. M mat•rf•l Incon￿￿n￿ or ap￿rOnt Mat•￿&1 mlMt*t•rMnt•. arn rewk•d to d•tsmiln• *th•th•r th1• gl¥u rtwto a matwlal mlMtatem•nt In th• fln•rKld ￿*t￿lrrt• th•mth. 11, b•wl tx th• V•wk w? h•v• wlNm•J, w conckth th￿ th•r• h • matorfol MI￿tatement ofthl• oth•r Infrymatlon, ￿ ar• r•qu*•d to r•wt ih•i f•el. hA¥• nthlng ta r•port kn DIDACT FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DIDACT FOUNDATION Matt•rn on whkh w• arn rnqyk•d to rnport ty •K¢•pUon In th• Ilght of kn(Ml•dge WKI und•[s￿1r¥J of th• thafftAbl• company •milrmmmt obtalnod In th• tru•te••' r•porL PAV• nothlng to r•port In Itt• rdalk￿ to *thlch th• Ch•rldM (Accounts VKI Ro￿rtI) R•gulal¢)n• 2LI)8 r•qulr• us to rayt to you W. oplnknn: rel￿￿, or tho fflnonclol •t•1￿￿nts arn not kn •Ar•om•nt *ltPI re￿dI. or hav• not r•c•l¥•d Ill tho Infm•tknn Imd w4•n•kni rwulr• for w •JdlL RMpon•lbllltlM of Tru•t A• •xWalnod mor• fvly In th• •lAt•mwrt ￿T￿mI#l, I••p￿￿￿￿, th•ThMtW•, w• •l•o th• (Ir•thr• of th• ch•rftAbh Com￿nY for the purpwi ol company Iw, •rn rMpM•lbkn for th• w•pvJ•kn of th• flnandd •lthm•n •nd for b•lng utl•fl•d that Ih•y 91￿ • and falr and for Int•mil c4rtrol a• Iho TN•tM• det¢miln• l• n•c••••ry to •n•bi• lh• prnpor•llon of ffln•rthl •t•t•m•th thAI •r• fr•• from rnat•rf￿ ml••tAt•mK¢ wtMth•r du• lo frnud or •rrof. In pr•padng flnarK4d •t•t•m•nt•. th• Tnwtw• •r• r•wK4n•lbl• for •••M•lng th• dwrlt•bl• company'• alllny to ¢￿￿nu• u • golng ¢onc•m. dIK1￿1nu, u •pplkAbl•, matt•rn Mlat•d to golw conc•m and U￿n9 th• golng corK•m bul• rf •¢countrffj unlry•• tr1• TN•t•M •Mh•r to Ilquklts th• **•rll•bl• compwy or to op¢r•kn¥. or hw• no rMll•U¢ dtwn•lh• Ixrt to dD ￿. Auditoffl r••ponilblllil•• for th• •udft olth• fln•ncl•l •tat•m•nts hAVa bwn ￿P￿Nt•d a• audnor und•r ••cllan 144 of th• Ch•rtUM kt 2011 •nd rnport In acaYdanc• wlth th• Act •nd rnlwAnt req￿al¢m m•d• or h•¥lng •ff•a tk*Mnd•r. mit•rfal ml••t•t•m•nt, du• to fr•ud ¢x •rror, •rl ts luu• an audMorf• rnport that Indudo• our Onbn. RM•on•bl• •••ur•rK• l• • hlgh l•¥d of I••urnn￿ trArt l• not a gw•nt•• •n I￿11 W￿uct•d In •ccordanc• ISA• (UK) 7th411 d•t•ct a m•t•rfal ml••tat•mwrt t*th•n R •th. Ml••t•t•mnts CAn •d•o Irom fraud or •rror *Thl ar• ¢oMld•r•d m•l•rW11, IndMdu*ly w In th• aggr•g•t•, Ihry c(wJd m•on•bty b• •xp•thd to IrfA￿nc• th• economle do￿￿OnI of ￿¢T* t•k•n on bMl• ollhM• fln•nd•l #tatom￿. Irr•gul•rlil••. hcludlw fr•LvJ. •r• In•tanN• ol non<0m￿nC• IM and rnpul￿Orn proc•thJro• In Iln• vAth our m•pon￿bIlItI•l. (Krflnod •bov•, to dotoct M•t•rt￿ ml••tsknonts h r••poGt of Irr•gul•rfUM, Includlr gnlfkont and unu￿aL approwlntoty •ppll•d. . A￿￿1n9 th• exknl ofc4ynpllan￿, or l•¢k d, th• relvd•rt l*•rt Ind rwA•lb . T••tlng h•y In¢ryn• Ilnm. In ￿rI1¢U1# rArtrf. fty OVId•n￿ of m•n•gwn•nt i￿•0. . DocuM•nllnq and v•rfI￿n9 al •lgnifanl p* B8cuM oftho Irt￿rnnI Imitqlkr4 ofw thwe l• a rfd( Ihl Th)t d•t•d all IrToqthIM Indudr lho￿10•dIn9 to a m•tsrf•l MI••tat•￿ In th• Iln•nclal •tat•ments or r￿r￿cOMPlIan￿ wlth regulation. Th18 Incrna8e• th• mor• that compll•nc* vhlh a or regul•llon from Ihe vffjnts •nd tranMcUon• r•fia¢tod In tho finand814tatem•nt4. a• wll bv lou IW to be flvarn of IntsnrAB of r￿r￿cOmPlI•nCts. Tho iith l• great•r ragardlng Irregul•rfY•8 o¢¢uthr¥J due to rathorthan •Thr*, Invol¥# Int•ntloMI ¢oncealm•rt fwi. collullon, oml8•lon or DIDACT FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DIDACT FOUNDATION www.frc.or9.￿jiudrtu￿8lpM￿blI1IIOl. Th18 d8•ultsi fomi8 pwt ofour wdltor* rwL U8• of our r•port Thh r•port l• mad• Iddy to th• chartV• trUrt￿. M • t#)ty. kn K¢ordIn￿ *lth part 4 of th• CharlU•• (A¢(%wnt• Kl R•port•l Rtyul•tton• 2¢J08. Our •￿4[t h•• b••n und•rt*•n w tr•1 w• mlvht 11a￿ to Iho th•Tty• tru•l••8 thom matt•rJ are r•wlrod to •tat• to thom In w audltof• rewt and for no (thor purpom. To the full8•t •xt•nt mrtled I￿. do rKA •cc•i* or a•wmo r••p￿￿1b￿lty to *ryon• oth•r th•n th• ehttlty and th• th•rtty'• tru•t••• boty, fr* I￿r I￿111 for IN• or for th• oplrdorn Mi hm fomo(L Rlch•nl AlaTr Horton F A (8•nlor Itstut￿ A or and on b•h•ll of 8um•rAUd1t￿ Uffllt•d Chart•rnd C•rtlll•d A¢¢wntsnl• 8IAlutory Audttor e••hlv• Rlng Road London OAtrA¢k￿r￿1 Urdt•d KIWd¢m RH8 OPA 8um•r ￿lF1¢4 Llmll•d l• •llgltl• fty •ppok*nwrt •• ￿ al th***l• c•mp•ry ty for polntmwrt a• •udlh)r of• corywry WKl•r ••cllM 1212 Ctynp•thAL* 20LI. DIDACT FOUNDATION STATEMENT OF FINANCIAL ACTNITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 fvnd• 202? nd• fund• 2022 Incom• fronL' Don•doM and l•o•d•• Ch•dtsbl• actl¥ld 45.618 45,848 1,771,884 1,n1.6a4 Total In¢om• 1,771.718 46.618 1,817.332 1,a20,486 40.016 1.086.081 70,209 N•1 •xp•ndlturn •nd fflw•m•fit In fund• (48.749) (48.749) (78.201) R•conclll•thin ol fund•: Fund bol•ncaJ at 1 Jlnw 2023 (18209) (n,209) Pund b41•n¢•• at 31 DK•mb•r 2923 (124.9W (124.958) C16.209) Al In¢om• ind •xP•n￿￿1• dwhfMI eorthth Th• •tal￿errt olllnwKld •¢Ovlil•• gdrr• and hx••• r•(¥JyiW kn th• >•*r. Th• •tthm•nt of Iln•ndd KIMll•• comF4•1 th• Mqthm•th for ￿ IneoN* and •xpw￿ItU[e aCC￿Nt undor th• Companl••Ad 21106. DIDACT FOUNDATION BALANCE SHEET ASAT31 DECEMBER 2023 CuTrnt a•••ts 203.279 2,465 4.782 Calh at and In hrKI 230.323 7,237 Cr•dltorn: amounts f•llnq du•wlthln on• y•Ar 360281 83,448 Not Gurnnt Il•blltl•B (124,968) (78,209) Th• fund• of th• chrltsbl• company UnM•Md•d fiJnd• {124.958) (76.209) (124,968) (76,2091 Th• company h •nllll•d to th• •x•mpdon fmm th• audt f•wtrThnt conl&lnf•S In Mellon 477 of th• coMpan￿A 2008, for th• y••r •nd•d 31 D•e•nbw 2023. thiwJh •n •udlt hm hon c4rrled out und•r •ocUon 144 af th• Ch•rltl••Aet 2011. Tho m•mb•rn hav• not r•quhd th• ¢omp•ry to oi*th ￿ *KIII ol h )Irnnd￿ 4tal•m•nts und•r th• r•quk•m•nts of th• Comp•nkn Aet 2006. ft*th• ￿ In In I•#1￿ 478. to th• •mall ￿mparI•l rnqlm•. Th• iln•ncW thm•nt¥ ￿1* apwo%•d ty th• ThMtse• ffj 17 M•y 2024 Company rnd•tratkn 13793500 (Ery￿ V*•) 10- DIDACT FOUNDATION STATEMENT OF CASH FLOWS FOR TrIE YEAR ENDED 31 DECEMBER 2023 Ca•h wwr4t•d from op•r•lkn• 14 4,782 N•t ctsh u••d In Inv••tlno A¢IMII•• N•t ¢A•h umd In Ilmndni Kllvld N•t InvM•• In ca•h and ca•h •quPnl•nt• 27,282 4,782 Ca•h Ind c••h •qu￿•1•￿4 at b•gknrthg aly• 4,782 C••h And ca•h •qufv•l•nl• •t •nd of y••r 4,782 11 DIDACT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 DIDACT Found•kn l• • pfv•ts by •nd Ktsb••. Th• r•glthrod offlc• h48 L•M. Lumlon. Ew￿d. 1JF. 1.1 A¢¢ounthig Mnv•ntknn The flnarKt•l 8t•t•m•nt• hm b••n propar*rtl In •fy*rdan￿ lh• (*arflth comwtyth ￿)vernIng d￿m•nI]. Componlm Art 2006. FR8 102 Tr Flnandal R•porllry Sland•rd appllc•bl• In th• UK •nd R•publlc of lrnllntt fFRS 102? and th• Ch•rlUu SORP 'Accounthg and R•wUrvJ by Ch•rltl•8: 8tat•m•nt of R•c4mm•nd•d PrncUc• appl￿￿• to d*lll•• pr•pirtrw th•* acc￿￿$ In •c￿dInC• *4th tho FIMnd•l Rythg StondfA appllc•bl• In UK and R•wblk of Ir•lAnd (FRS 1¢r2)' {aff•cl¥• 1 Januw 2019). Th• C￿￿1*￿1• e¢mpwty h • P￿¢ 8•nrfrt Ertty M drfrf*d ty FRS 102. Th• fln•nd•l *tat•m•￿ h•v• b•￿ w•pw•d IwMl•r th• Il•tNlcd co•t ClXN•nlk•n. ImodM•d to Ind￿* th• r•vAluAtlon offr••hold to INAud• knv••lm•nt prop•rtl•• and Cfrftsln Irthm•rt• at f•lr v•lu•l. Th• ￿nCIPAl •ewJnllry polldm adcw v• •ot beh? 1.2 fjolng GOn￿rn ch•rltabl• eomp•ny h41 •d•quth r••oLy￿• to gyillnu• In op•rthn•l •xl*w for tho foro••Mbl• firtur•. Tlw• th• Thi*•M cthiUnu• k •dopt th• golw ¢1)nL￿ Ix•l• ol •(wJnllTrJ In FY•p•rfrfj th• hMn¢l•l •tstsm•nt•. 1J Ch•rftabl• fund• 1A Incom• Incom• l• r•GognlMd t*th•n th• ¢harfl•blo cOm￿ry h1•g11ty ￿•d to It •ft•r •ny p•rfomanc• MTraAlon• b••n mrt th• amounts ¢•n b• m•o•ur•d rw, •r#l * l• th•t Irwn• ￿11 ts• ￿[%￿d. 1.1 Exp•ndlturn Exp•ndRur• l• rnwil••d orm ttw• l• • legd or oblg•Von to trart•l•r •wwnlc bor￿ lo a thlnl pty, It l• wob4t>l• lh￿ o tr•n•fw of b•nollts b• r•qufr•d In ••ttlom•nt. and th• armunt of ExpondI￿re l• d￿lfl•￿ by a￿￿ty. Thé co•th v• m•d• up of th• tot•1 of dlr•ct and •hor•d coot•, I￿￿￿11r￿a •wpDrt co•ts In¥oP￿d In wKlertAWnB acU¥ty. fMr•c4 colts thbJl•bkn to a •lrwl• ar• dlocated dliw to that acU¥ty. Sh•r•d o)•t• vthkh Mntrllxrto to morn than ono •thilty 8rKI •upport ¢o•ts •r• not •ttrlbutth• to • ￿n41• •thlty w• ￿￿on•d b•hThin on a bMI• con•l•t•nt u•• ol r•wUr(￿. C•ntral •taff ¢o•t• ar• allo¢•t•d on tho bA•li of Um• w( ind r8pru•nts all co•ts af th• •xdudr4 th040 gppoinbj to eo•ts. Vknre colts cannot dlr•¢ty attrfl¥Jted ts headlrql tty ha¥• ts•￿ thatad to aGtt¥lllo• • bul• con•lJt•rt *llh 12- DIDACT FOUNDATION NOTES TO THE FINANCIAL STATEMEKrn (coirriNUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 A¢¢oundng pollcl•• {Contlnu•d) 1.1 Ca•h and c••h •9￿￿41•￿1• C••h and ca•h wulv•l•nts IrKaMJ• ca•h kn b￿￿. d•po•AI hdd It bonk•, other •lKK14wm Ikuld lthkn l>orrv*ln9• In curront W•bllltt••. 1.7 Fln•n¢l•l In•trum•nl• Th• ch•rhbl• compkny •lthd to tho 11 'B••lG NMnd•l IMtNm•rt•' and S•¢tlon 12 '0th•r NnwKlal In•trum•rrt• l••u••' ol FRS 102 to ￿ of Its flmndd In•lnwn•nt FIMncl•l IrAtrum•rrt• w• rnwl••d kn th• etsltsbl• b•lw*• •hoot th• dwrltaM• CoM￿nY Fln•nd•l •M•t• and M•t41111•• •M offrf *41h th• nrt amoLmts pr•wtsd In th0 11MnrJAI •tat•m•nl*, ther• IA • logalty 8nfNc•th rflrtto ••* off th• r•e4Jgnlwl •mowrt• thw• Ira￿￿On to on a n•t b•￿8 or to the •Mot and #lu• th• Il•lAIty ￿mU￿•no(￿￿. B•slc Iln•ncl•l a••th Ind￿1• d•lkn Ind ￿•h b•* b•l•nc••, arn Ira￿lY mM•urnd at ft•￿￿¢)n Ind￿Ing trnn••dlDn •nd w• •ubwu•rty c•ffl•d at •mortl••d co•t ulng th• •ff•cti irt•r•ot m•thod unlo•• th• •rr•nw•tt • fln•ndno hn•ocUon, th• hn••eUon li ffl•Mur•d •1 th• w•Mnt Y￿u• of th• ful￿ r*4pts dlKfAmt•J at • mwk•t rth rf Int•r••L FInan￿1 ••••l• B•* ffnancS•l IlabllStlM. Inchjdlng cr•dKor• bank k)an• w• Irthlly i•cognl••d at tran••dlon Pflc* urlM• th• •rrang•m•nt • fffl•ndng tr￿¥￿￿k￿. ¥th•r• th• d•bt In•trumort l• mM•urnd It th• We￿nI Tr•d• credllorn •rn otAlg•OoM to PAY for gooth or ••r¥lcM tMI hav• b￿n •cqulr•d In th• orllnAry eour•• of op•rall¢Jn• from •uppli•r•. Amwts p•y•bl• v• +*11￿ •• ￿rr•￿t llabllth ff p•ymeni L• du• T￿In on• y••r or I￿. If not, tr•y w• prnwtsd Il•bllV••. Trnd• cr•Jllorn •r• r•co9nl•ed at Flnand•l Il•bllltle• *r• d•r•coorl••d *l*n fv r*vN•bl• Mparf• eartyar￿ ONWOM •xplro or *r• olthrtpd or ￿nc•jI Id. 1J Employ•• b•n•lN• Th• ¢o•t of any unu•ed holdry rrtl•ment kn th• p•rlDd In •mploy••'• •8f¥lw arn T•rmln•kn ￿r*fftl •rn rncognl¥•d Imm•dlo* •Y4)w*• th• thnrK•blo company l• d•mon•tr•W cL¥nmltt•d tp t•nnln*kn th• •rnpWr￿t of•m wnFloy•• orto t•mlnalon bDn•rts. 13- DIDACT FOUNDATION NOTES TO THE FINANCIAL STATEMEPffi8 (CONTINUED) FOR THE YEAR EPIDED 31 DECEAIBER 2023 lficon* from don•llon• •nd l•yGI Totsl fund• fund• fund• 2022 fund• 2022 Dor￿￿ aThl 91 46.818 46.618 45.818 In¢om• Irom ¢harttabl• athlll•• nd• 2023 lund• Fundr•l•thg a¢ll¥KI•• 1.771,1584 -14- DIDACT FOUNDATION NOTE8 TO THE FINANCIAL STATEMEKrs (coKriNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Ch*rltrbl• acdvttl•• 2023 Charfl•bl• 2022 43.284 34,894 1,864.286 7,205 4.1r20 38.711 20,534 Con•ulianc* R•thct•d AML 001 Subcontr•ct M•t• V•nu• Nr• Leool fe•• Con•ullaney- UnT•￿r Comput•r co•ts SubKrlptson• 14.599 J,980 895 7.499 45,000 287 899 523 8.382 Prfnung & •talknwy In•ur•ne• Commrtt•e rn••lng• B•nk th•rg Ent•rt•lnm•nt Fthn •xth•ry• 31,240 1,805,121 72,821 JhAr• ol •upport and M•1• {••• nat• S) 10,900 3,388 1,888.081 76,209 An•ty•h by fund UnrothG￿j fun R••trlct•d furxl• 1,820.486 40,616 78.209 1.886.081 70,209 -15- DIDACT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Charhbl• Tot•1 2013 Gowman 10,960 3.388 O¢yd•rn•nc• ¢o•i• cafflprfw. Audtt f• 4,600 8,460 10,980 3,388 GtrMn•nc• eo•ts tncludol th• th deA,S00 (202¥ £0) br •Jdlt f• empknyM• 1023 Numb•r 2022 Numb•r emp*iiwrt c(*ts 2023 43,284 20,534 7 T￿110￿ Amoun1• f•lllry du• wmhln on• y•ar. 191,25 12,tr20 1.1LKI 1,355 203.279 2,455 -18- DIDACT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR ThE YEAR ENDED 31 DECEAIBER 2023 Cmdltsrn: amounts Mlng du•*lthlTh on• y•v 10 38,884 149,980 87,423 80.705 35,892 48,108 380.281 3,448 10 l>•f•rrnd Incom 2023 2022 2022 Def•rr•d Inc¢Jm• kn Indud•d Gurr•rt IlthUU•• 30,884 Movem•rts In th• y•ar. D•l•rnd Ir￿Orn• at 1 J•TMWy 2023 R••ourc•• d•ferr•d In th• y••r D•f•rr•d In￿N at 31 DécYffib•r 2ill3 11 R••Irt¢￿ fvnd• bl•¢t to Mndlllan• by donorn a• to thoy m•y b• ulod. At 1 JMu•ry IKomlnq R••ourc•• At31 2023 LtyJka•mla UK (fralnlng •bvrt•) Jazz Phamw (AML reglty) 31.025 14.591 (31,025) (14.691) 45.818 {45,818) 17- DIDACT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAI8ER 2023 12 UnrMtrIGt•d fund• Tho unr•AtrktsJ fvndl oflho th8 uMxp•ndod of(h)n•Von• and gr•nts TAthIth or• not •ubJ•¢l to •p•dfic corKllllon• ty dom arKI gr•ntarn u to may b6 umd. Thow Includ At 1 J•nuary Incomlng R*ourc•• Atjl r••ourt•• •xp•nd•d D•c•mb•r 20 G•n•rnl fir 1,771.718 {1,820.485) 1124,9581 Pv•vl¢)u• y•ar. At l incomlNJ R••oure•• At31 2012 r••oU￿• •xp•Trd•d lJ•¢•mb•r (3•nw•l knd• (78,209)