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THE sc.orr BADER co%ihtONM'EALTH LIMITED FINANC'IAL STA TI.:MEN"rs FOR THE YEAR ENDED 31 DLCF.MBIR 2021 Companw Registration No. 496082 Chariiv R¢gi%lr*ion No. 206391

THE SCOTT BADER COMMONWEALTH LIMITED COMPANY INFORMATION For the year ended 31 Decembtt 2021 Compan> regislraiion Dwnbet.. Charilv regisiered numb¢r- 496082 2(391 Register¢d oifice.. Woll&¥on Hall Wo114won Wcllingknrough Northampithshire NN29 7RL Charily Trnsiees.. Rolkn CTib5on AndTeM Bcll Agne BL.ngIsn Dai'td Black Jessira Clark Da%id Ilarri5 Hansi M¥nnin8 Paul Sniiih RichJr(l Tilpp T¢lJry'. Ha>lcv Sulbelld SIM)0smiih$ 'The IAkes NorthaMon NN4 7SH BJt)k¢rs Ilnily Tn1 Bank Plt I I l Bn)ad Sirc Birmingh4Lm 15 IAR CAI.. Bank l.imii¢d 25 Kings Ilill Ai'¢nu¢ WL%I MJllin8 K¢nt ME194JQ S¢ottish With)M's P() Box 883 ix¢d5 L%1 Iiry Audilor RSM UK Audit l.LP ThL Pinnacle 170 Midsummcr Boul¢v4rd MiliiTrn Kc¥"t)es Buckingharnshire MK9 IBP

THE SCOTT BADER COMMONWEALTH LIMITED CONI ENTS For ihe year ended 31 DecembeT 2021 PAGE Rewrt of Ihe Trustees 2-16 Trusiees. R¢5rrt>nsibiliiies Siaiemet)I Indcpendeni AlI10t $ R¢pJrt (iroyp and Charity siaicments of fiv*)rial aciii'iiic5 22 CITOUP and Chariry bala¥Jce slxeis 23 Gr(iup cash tknm. si&iem¢ni 24 Note$ 10 ihe financial Maiemeni$ 25-53 Page I

REPORT OF THE TRUSTEES (INCORPORATING THE STRATEGIC REPORT) TO THE MEMBERS OF THE SCOTF BADF.R COMMONWEALTH LIMITED For ihe year ended 31 tkcenjber 2021 DIRECfORS AND TRUSTEES The Direeiors pr¢sent Ih¢iT AJfftual Rep)rt aj ihe ofThe Scon Had¢T Commonwe41ih Limited (th¥ Chxrityl. tor Ihe ye4r er¥Jed 31 tk'cLmber 2021. The tinan¢ial slai¢m¢nl3 comply M'iih the (Tharili¢s Acl 201 l. Ihe ('onipani¢s Ad 26. Ihe MemoTandum and Articles ol-As%>ciatinn. a1 ALccbuniing and R¢FK)rting bi. Chariiics.. s1¢¢1 i?fRtecimmcnded Pr]¢¢ opplicable cliariiies pr¢paring their accounis in ac(x>rdar*e with Ihe Firla] R¢rtINE Standard applicabl¢ in th¢ IIK lind Republi¢ ofire14J IFRS 1021 (Januao. 21Q21. The )thrd Dt'llir¢cloTS ofihL Charl. is kNI7A'n a5 Th¢ Commonwcalih l>Jard ICWBI. The Directors of the Charity r¢ ils charii). Tru¢¢$ for lh¢ puryxises olcharity. la. and thmus)ul Ihis rew)n Jre ¢nlleclivLl>' referred 10 us ih 'Trysttti'. The Irustees who SCP•'cd year. a1 subsequ1 apwintmtnt& wrrc.. Dxtt of Appoiitwettt Datt of Rtsi8DAiIo# Gibgon ICThairl Andrew Bell A&in¢ BciigilSX)11 DJbid BItiLk liysica C'lark Ile4ihL'r l)dvi50n Dawid Ilarris Han81 Mannin¥ Paul Smiih RichJrd'l'app 10.05.2021 01.04.2022 Page 2

REPORT OF THE TRUSTEES (INCORPORATING THE STRATEGIC REPORT) TO THE MEMBERS OF THE SCOTT BADER COMMONWEAL TH LIMITED For the yvdr ended 31 December 2021 STRIICTURE.. GOVERNANCE A•d MANAGEMENT BA¢k TO 'rh¢ C'liaril¥ is a cojnpanv limiied bl ¥uaraniec a T¢giMered Charity M.hi¢h owns the ¢niire issued shar¢ ¢apital ofscoii Bader C'ompany Limiied ISBCLI. SBC-L M'as founded b$ Ernesi Bader ITh the 1920s a Lhcrni¢a15 MerLhI1. In 1951 he and oihtr shJrehi)IdLYs gaieoi'tr Iheir oMn¢rshipof %DC-L 11) the ChaTiI}, theTebv setting up "hal is k['n e%'eryoThe w]M) m.0$ ai SBCL &$"Tht Co]nmonwealih'. The h(sldin¥ ol'thc shar¢5 1>1'SHC'L is no knois'n as a'pmgramme relaied ini'esimeni. and The Commonw¢Jlih's ownership slrur¢uT¢ I4"a$ specilieall). ref¢rnl to in Ihe Charli%" Commissiun's Legal IlnderpinninK documcnt lati[bB 10 chariiic4 ini'esimeni maii¢rs. Mhirh retlects law and Jacti¢¢ ID Ikcember 2010. The gov¢rnatsce dnrumvnts Ihai were approved ai an EGM on 26 April 2010 M'cr¢ r¢vi¢wed, 85 had been Jgr¢¢d, art¥r 3 years. Thi% rcsultcd in some mirM)r changes b¢irkg prow5ed io improi'¢ th¢ elTcdii'ene%% 01"IIIc gii?ILTn4¢ PTocesses dnd lh¢ C-hario. is rK)w go%tmed . its r¢i'ised ArtiLIL% orAsSl¥ll&>n approNed Ji Ihe Atim nn 211 Ma 2014. Ai Ilic.4ame nieeiing Ihe Arti¢l¢% i)I')lyilllJlliin ol"SBCI. and tJiheT &4wciaied th)thJm¢n15 Ihal make up ilie Consliluiion i)I'ihc Cominonw¢alih IthL C.OAStituiio#l W¥r¢ apped. Thl C'hJriiy ig J m¢nilK'r%hip c)rgJni%tsliun. and ii'¢ni)The emplojed b% SBCL or an). of 11$ subsidlarics tnJN' helme mcnir i?fih¢ C'hariii 14 Commonwtltb leber) %RC"L h8s martularluTin8 $1ie5 in 6 counlTj¢S, lh¢ I IK. rrdnLL'. Suuih Africa. l)ubai. C'roaiid. and ('anada and %mall dtslribuliun andlor sales pres•)c¢ in lh¢ ('zech R¢public. Swcden. %pain. IISA, Eir¢. C'hind. (iemiany. India, BrJiil arwj Japan. As Ihcre are nv outside shwreknldeTS. C"ommonM'¢olih Memitts'"hold the i%¢alih in common" The inieniion ot-lhc tourer M'il$ lo crcalc a compani. iiliose 't11-kIng 1% enirnsied io Ilios¢ M.hD i¥ork iii ii. Miih deiniicrdlii jnwi)Iv¢m¢Thl. 'I'h¢rc arc over 730 p¢ople employcd Worldwide. ofwhich 581 arc ('ommonw¢alih m¢ni1>e as i>f J I Der¢mh¢r 2021. In rLadin8 the a¢ttiwits il is impDnani ihc r¢kntirffiship 1met th¢ Charit). and S]JC'I. and 11$ sub%ididri¢% Ith¢ S¥(Ill Hudl'r (iToupI. It 1$ Ih¥ W$)51b)ll1) of e1>n¢ Ihal H'ork'4 11)r SBC'I. ill cn¥urc Iliai il ciiniiiiu¥S l() ¢yisl in Ihc Ii)n¥ IL'rm r(Jr curr¢nl and fuiuTe ¥Lner8iicins. Proliiabilii> is imp()rtani ID cii$ur¢ Ihui SIJC" Lan cnniinuc li? £ipcraie. ID ihc liuiding Pri1p1¢S and ihill profit is athi¢i'¢J 15 parami)uni. Ihere is pri)vision in Ihe C'onslilljlion Ip ¢nsur¢ thai IhL' C'ompim) Is nol jusl run for kn¢fil vf th¢ 0P1¢ thai wurk lor it. s(> a minimum amouni musi 8150 h¢ proi'ided 10 lh¢ Charity. Th¢ tsbjttts pfthe C"haTily are.. i) 'fh¢ pr()niolion (If cihicJl and r¢ligious PTinciples in it¥Jusir) M'iih a vi¢w 10 erk8urin8 th¢ di.4rhiirgc by pcrsons en888cd in lNiury ol'iheir social obli8aiion$ for lh¢ Mclfare of ihe wnimuniii¢s wiihin which IhLJ OPLraie. i) Thc pr(Imotion ofsusiainable (k%'elopmo)I for lh¢ bcncfii of Ihe ptshlic bF th¢ prestr4110n. cons¢tvalion aNI th¢ prol¢riion ol'ihe cnl'ironmenl by lh¢ pnvJ¢ni usc ofn#iural r¢sources and the promotion ol. 5Lisi8inoble mtan$ of achi¢vin8 0[)Mi¢ 8rowth and r¢g¢rrrniion. l)n¢ nf Ihe 11 JtK>%'e is achiei¢d 1$ ihe derrMKrdiit 8oi.¢rMn¢¢ struciure of Scoti Bader. Commonwealth Mcmbcry lan $14hnd tor el¢aipn for ITr. (ollotA'in8'. The Commonwtalth Bord IC'II'BI- th¢ Bpard of Ihe Charill. 3 inl¢rnall)' elccied I'riJst¢¢s. The Croup Bord-Ih¢ Ilojrd ofDiTeaorsof SBCI. hy$ 3 int¢rnall)' elecied Communit> I)iCtOrs. iihci ¢ILcied Iri>m Ihrcc conAilu¢iiri¢s Ihe LIK and Eire. C'onlinental EUTOPC and th¢ R¢%1 ol. the IN'orld. C i)mm£)n%%calih M¢mk'r> in each ci)nsiiiueth¢y i'ol¢ to ¢leri Ihe Commtsnity DiT¢rior for Iheir consliluenLV. Th Members. Assemblv IIIAI - Ihe inl¢rnalional democratic forurn Ihai wrffesents all C(Immi)vweJlih Mcrnb¢r$ is comtviscd ul" 12 clccled Tepr¢s¢niaiii'e5 anil Ihe Chainnan ot'SBCL. li has a sd ofRulc.s ivliich lear1 sei oui lis rLswll5ibiliii¢& ¢xamples ol whiLh ar¢ lil io hold Ihe Group Board io accouni f41r the ¢¥crcise ol. its reswnsibili11<5 and lor Ihc hcalih and success ot- Scoii Ba(kr (iroup bu5ine55cs li1} Ihe Membership Fu110. (kI¢ed li by the CWB and liiil lh¢ deveweni of loral d¢mocracJ. Therc ar¢ also Loc31 Councilslrq)reseniaiive Wtes-romprised ofelccied rewes¢Dtaiii'es exisitft8 in all of the laT8¢ tUfaCtUrin% sii¢s io represeni ihe inter¢95 of all siaff e.g.. relaiiryg to working ¢oThlillOtsS'. ii'¢lfare', reward nd i*n¢ftl5. Pag¢ 3

REPORT OF THE TRUSTEES (INCORPORATING THE STRATEGIC REPORT) TO THE MEMBERS OF THE scorr BADER COMMONWEALTH LIMITED For the yffdr ended 31 December 2021 This struciure ol'sell-_governartee provides significant addilional di5105 to busi1sS and employmcnt T¢l?lionships and inierJciion wilh M"ider communi¢).. li means iknt.. Bu%in¢s5 relaiionsliips are mor¢ suslaithablc because Scoil BadcT is th[ly independent. 11ieTe is an obligaliort io Ihc 'Ider ¢ommunir)' iht charitsble givin SialThave optxYtunilic5 and agreater rok io play than SXrtoing Iheirday-ttrda), roie. Boxrd CWB A5 already $l&ted. #ll members of th¢ Charitv s Board of Dirednrs are Charit). Trust¢e& and hdve to ensure that th¢ Cliariiy is run in aLCordae M'iih C'haTil>' law. ll C'WB i$ noi involi'ed in ihe day-ldaV running ot'ilie business ol. SBCI.. but has r¢spinsibility forov¢rs¢eing thai the (M)vemed etlwiii'¢l) w¥1 in cordance with th¢ Ciuiding PrIlpleS Ensurin¥ Ihai Members ar¢ aL1iv¢ly involved in the suc(w of tlie business arKi Ib the Scoii Bad¢T Community is 51rvnB healih). Supwjrting lh¢ Commonm'ealth in fulfilling its Ehari¢abl¢ objeciives. 'Thc C'll'll 1$ ron%ulied on pIC5 such ès fulvT¢ business SlTaiegi¢s. ac4uisiiioTrs. and the di51Tibuiion ol. rthfits. The C WB also moniioTS thc d¢vclopmeni of indUrI&l within SIILL. Thern •r¢ 9 mtmbtrs of ¢he Cll'B 5 exiemally apt4)ini¢d Ciuurdi8n Trnsiccs- wlKb at¢ appmved h. the M¢mb¢rs' Assembly for 8 pcrithd of 3 y¢ars are eligihlc fur r¢v&prx)iThimenl. (juaTdian TNJ&iees have ihL' ]x)w¢r li) %Llii changc4 lo lh¢ Consiilulion thnd thni. nic35uri lJk¢n (IT [ff•sed Iw Ihc Ciroup Board. Ihc m¥mr$. Assembly Iir lh¢ C1)mmoTh.¢0Iih Meniber% In (i¢ra1 Mcclingihthi LoniTtii'¢ncs th¢ C'0mm4m.¥JIIh I rin¢iplL%vrC'liariiy la.. 3 inilTlIY ilcclcd m¢Thbers M'ho ser¢ r(IT 3 years with Ihe Cwlilbn tsb sland fi?r re¢lecii(In (In4¢ l ( i?mpan> memkn- Ihe (.-hairman 4)t'SIJC'I. wlKb wmains in ihl wsiiion for ihc lenn uf histhr appoininicni oiNt 'I'h¢ dLmtscrY w'iiliin -1)ll B¥der is further demonslTai¢d by Ihe M'ay Ilie apwinirn¢ni ol'Trusiccs is niad¢. In paTliLulur. Ih¥ LirdIan Tn.($ are 5¢1¢rl¥yl b)" a rK)miThoiion c(Immiii¢e. a)mprixd i)f 0P1¥ from Ilie Ihrie g%)¥ernin8 h11$ whi> ihLn muke a r¢cpmmthdaliort the rKopl¢ lo considered.. a j(>inl r¢MTrluiii)n fr(im Ihc C'wll Jnd lin)up IluJril 1$ pyt io Ihe NILmkrs Awmbl). 'hILh musl apprvi'¢ all the tiuardidn'fru51¢¢ p)Intmen15. Th¢ apwintm¢nt$ of th¢ Guordian Twur¢S *¢ sta88ered 10 Provi& ¢vE)tinuiiy within thc CWB. stte In Priiir lil ap)in1CL all ll¢n11a1 TruA¢¢5 Jr¢ infornKd of Ihc rol¢ and resnSIbIlIt}. of iwiminR a Trusiee and pr(>vidLYi wilh D copy Dr the C-onsiiiuiion. Upon wrIntme all Trle¢S ar¢ confirnicd a5 C'pmfflnnwealih ML'nibLrs and providd wilh d IhhndFKN>k M'hich InrId¢S Lnfurniaiion relaling lo 8ovemancc.' C'haritv ITSIee r¢5ry>n$ibiliii¢s.' Charity wliries ortd ritWla] r¢[. Induclion i5 tailored w lh¢ needs of lh¢ individual 10 8i¥'e ih¢m a MOTC dddiled und¢rslanding (If how Ihl C-huril>' opera1¢5: Ilic businr55es snd siraicgy nl'SilC'I. and how ilK' Boi'crnanc¢ .r"s. Periodicall> formJl trainin¥ on Ihe re5p(insibiliiies of being a Trusiec will be pro%'id¢d. This m.as provided bv Employce Ownership A5s(IcjaijiTrn in Januury 2022. The Chariiy is a mcynber•f Ihe A550cialion of Lharitsble Foundaiions IACFI artd Naiional cour11 for Volunlary Orgathisations INC'VOI. Both organi5lOns PToviil¢ much helpful infonnation on sood practice. Trnsttt Re Although 5nme ofTrusiees are ¢mpS0s'cd by SBCL or one ofils subsidiaries rM)ne of th¢ Trustees re¢eLve any remuneralion for th¢it for the (Tharily. Page 4

REPORT OF THE TRUSTEES (INCORPORATING THE STRA TEGIC REPORT} TO THE MEMBERS OF THE scorr BADER COMMONWEALTH LIMITED For the year ended 31 December 2021 nisatio The departmeni sUprtIng the CWB is as th¢ Commonwealth O(fice. C"ommortwealih CIM)rdinalors are atwini¢d ai each of the Ig¥ subsidiaries tn 3SSi5t with Ch3riiv Kliviii¢s, membership and local democraci. i55ues ai each locaiion and the). rfonll Ih¢s¢ dui¥¢s in dItion to Iheir role wiihin Ihe conipany. The dai'_Io-da)' lI.111t5 uf Ih¢' Charilv ar¢ del¢gaied b%. Ihe CIA'B 10 the c0nimvntulih OITLCL. Ixjl Ih¥r¢ is Cliariiy Commiiiet lo M"horn Ihc CWB ha5 del¢gai¢d Ihe auihority, lor deciding iihiLh Charit!. appliuii0ry5 10 supwTrrt th¢ payrncnl of donal1(K. The CThariTh' Comminte ItrtS * ¢h me¢tingon the decisTrons it has made. tivities for the Publit Bthtfit I'O ensure onEoing a'arcv¢s5 of lh¢ C'harl. Cornmi&sion s guidance on publit bm¢fil 311 TrUtt5 arc PTolded with infvrirtalli alM)ui this in Ih¢ir handiwk.. In athjiiion. infi)rniaiion on thi$ ic)pir i$ tx>si¢d on ihe Ch&riiy Coniniission 5 M'eb5iit and is revIe.ed Irom lime io limc b>. Ihc Comm(JnHcalih ntlice lor turthcr gutdance on il)is mailer. I lJvin% regard Ici this 8uid#ntt Ih¢ Truse5 consider Public Benefii Jii Im'o l¢%¢1$ 11 in r¢l4lion 10 Ihc 5haT¢hvldin8 in SBC'I. 21 Ihl ociiviiie% of ih¢ Charity. 11 The shre&oldiJs8 in SBCL Thi C"WEI rLL&l%¢$ Cl)niprnIK'ns1i'e inforniaiion atrA)ui the rrtrftsrnijnrt 8nd managcmcni ofsBci. ai each mceiing to ¢nablc il lo nioniior and re%'iew Ihc elletiiveness of the shaT¢$ as a gicial In¢S1Men1. -rhe'frustee$ are siill i)I'ih¢ npinion ihai thc s¢lf%ov¢rnin8 repsentalIve StrUCEur¢ of Si'rfi B¢T 1$ ofpubli¢ E*nefii because wherever il OF¢fdl¢s collugucs knoM' Ihai the compsny mw.. I'i)niribuiL 10 ihe Aabilii). and eeonomic 8rowih lo¢ally. nalKkn411>' and intcrnaiiofbally. b. Tak¢ Steps iii minimise Ihe effttis thcihe business lh¢ cnviTonm¢ni. Supwri lis loe4kl Lommuniiies via ¢hdrilJblc gi%ing and i'nlunlecTin8. d. Be an exemplar of Jn lI¢m911ve way lo njn a busirKss. 21 Ar¢ivilie$ offhe Charity Th¢ inL(>mt Iil'ih¢ ('hdTiI!' ¥$ U5¢d to make 8ran15 to chwiiabk organisations ihe u'orld. whosc PUTfK15c$ arc in lint wilh ih¢ C'hariii 5 pbj¢ffls. Th¢ C-hurily's income is dtscrihed as a Gli)bal Tharitw It¢e- the inL(Ime 1% achi¢v¢d Ihrough Ih¢ work ot'ik individwls employed by the Swtt BJd¢r Group lh¢ iorld.. and 11 is U5¢d to 5UPW)rt Eharilabl¢ work in i'arious locaiions globallj 'rh¢re ar¢ ariOuS .¥>.$ ihai thariiits bcc4)me aw"#re Ihal iho. ran to lh¢ C'harli> lor lunding. Thi4 1% b), rkdworkinK: wi)rd £)f moLLth fTOtn previou$ lpI¢V15 offundin8 ar . inlwmuiion i?n ihe &.thi1 Bad¢T Group s w'ebsite. To help wilh tnanaB¢mcnt ot-th¢ applicaiion$ received. Ilie Charii%' s gtneral Idu¢ lo lirnil¢d tiind5I 15 (hal li annol 501¢lv 5uprrf)n animal chariiies= indiiidual $pin5urship5: 1rai.el or od¢tre schemes.. ans projecis,. an> torm ofadv¢rt15in8' medical research and equipment.. c(Ill5lnKll(InOvailQ[MHITricnaC olbuildings in ihe UK and Beneral charithble appeals. To help pro$peLlive applicants M"¢ 5ummaTiS¢ thai .¢ help youn8 Ordisad¥anged people. ¢5pecially an)'on¢ sufferin8 deprivalion and dixriminaiion. such as wr. knmelcss. and vulneiahle woJn¢Tr and children. minority omTnuni11¢5. particularly M'here people are al"ledtd by l'erty. a lack" of education. malnvlTilion. and discase. Nie 'I'rus¢¢¢s appr¢ciaie ihai Ihese aims are widt. bui as the ne¢ds of lh¢ communiiies in the locations whLr¢ Scull Bad¢r has a presence will be dilfereni. Ihese allom" the Charit4" Il¢¥ibilil>' in lis grani making wogrammc. t]ius r¢aLhirtg a variw. of differeni Broups orth¢ publi¢. Page 5

REPORT OF THE TRUSTEES (INCORPORATING THE STRATEGIC REPORTI TO THE MEMBERS OF THE sco BADER COMMONWEALTH LIMITED For the yffdr ended 31 December 2021 Although. as a grdnt making ChariD'. we thDt required io check Ihal the rharilies we sup¢x)n meei th¢ publi b¢Defil requiremcni. thc Tttjsitts decided il would bt PTuiknI 10 include a 5edion wiihin the online applicaiion fomi reque51ing applirants 10 provide a sljort sufflmary of tlw achieve ii. To achieve ihe aims in 2021 the Global C'hariry Fund divided follows= alF Trunds are made ?vailabl¢ lo all iht Companies in ih¢ B¢r C]roup IpforA)rtionale to th¢ Dmr of people employed ai each localionl via small ChJriTh' eommillees {ifih¢y Chse) thev Ihen submil application5 Vsa Ihe grani mant¥emeni tool OVI'IMY. uhich Mss invoduccd 10 simplify and sweamline the yani mtsking proce55. Usually this will bL' used 10 supwrt the wi)wk of charsli¢s siluaied nL'ar 10 or as¢lated M iih ¢och ci?mpan). i.¢.. in Nonhamplonshirc in Ihe UK, Co. Mlaih in Fir¢, Anii¢ns in FTh1¢. l.alkenbeTg in Siid¢tL Barcelona in Spain, l.iberLc in Ihl c.ih RL'publiL. Lagreb CToaii& DubJi. DuTban in Souih Afri (Ihio in th¢ IJSA.. Drumniondville in Cthtiada. Shanghai ITh C'hina., Tok>o in Jdpan I1,¢ern Auslralia ip Australia. ommonwe#lth Communi Hrd5hl F#d This furLd wJ& iniNMluted in 2020 irb SUprt ofihv COVID-19 pandemic ar¥J conlinuul thA)thghi)ui 2021. In 2(>22 Ihi% c()nlinu¢5 '1th a S$Lif1¢ iniertsi ol-lunding PPL T¢yUiftmenis and vaccination rollwovts. l¥eterences are givcn io oppliLJiiiins T¢c¢ivcII frum chariiiLS Llose io our Scoli oifi¢¢s siies arou[ IhL' wnrld. hlle li hbd kcn Ihc inla)lii)n fibr SBI'W 10 work with IIK Rob'al knidy ofchemisiry for thcin lo and oversee IhL pNxess Ipr Ihi5 award. llrtfortunaly. du¢ COV1[19 il WJ$ Mi pjssible lo pursuc Ihi5 i(l¢a durin8 21121. ideAt'J Fu A fund is availabl¢ for distribution 10 chaTilics Clen by the Lhfe PresidtThi. MT (iodric Bad¢r. and Ihe%c are li¥lcd under ihc hcading of Psidl'S l.'und. B¢inB Lstsblished f4)r 70 y¢s. th¢ ('Iwril)' has a siM>d reI&l1vn for gT¥ni mukin8 kicull).. n&iiiinally. und inlcrn&lionall} atmi wi)vided Scoii Badcr conlin¥ in busit)tSs Ihcre is rw) rea50n 'h) Ihis sjiould tN)I coniinuc &nd imprlTr¢, which in th¢ li?n8 iem) is i)fbencfii io ih¢ publi¢. Brltfitt Industrial deMIrat1¢ praciite is a major part orP10yre ¢n8a8emeni. and all ilK15¢ wIM? M'ork wiiliin ihL liroup arc consullLd on dlsonS Ihat ma>. alT¢tt their intLfLS in accorda1 wilh S¢ol1 B¥dLr s Conslilulion. li 1$ ihe wilily ol-scoii Bader Ihal pgrticipalion in deri$ionvmaking is implcmcnkd 31 &11 leiels. Reco8nis1n ihal arr¢s5 lo oppropriaie inforniaiion is a nKe55ar> prerequisiie 10 effeciive partirip?liott and ¢onsuli¥iii)n. Ihc (imup'5 Iiioiiihly fin•Kial Slts and full year shsrcd with C-0mmon'¢a7lh members and rollea8ues. Mlmbers ofTh¢ &oti BaderCommon¥"calih. mcmb¢rship of which Isop io all W4Trrk on a permdneni basis 'iihin Ilic Ciroup and 'hO mak"¢ a thpmmiimeni io 01k acwTding to the valucs c¥prcssed iii tl?¢ Ciiiisiiitsiion. havc th¢ i)pwrtunity 10 el¢Li Ihr¢¢ ofih¢ir numl*r to 5eNe for ihree y¢ar5 m¢mbersi?f th¢ Board ot'l)iredors (If Scott Bad¢T Lompan>' Limiied. It is lh¢ Cimup'5 wli¢y its i)ffer equal oppirluniti¢5 lo disabled wx)ns appl)ing for v¥cattcie& having regard to ih¢ir aptilud¢s and abilities in relaiioll 14) the rm)$ IOT which Ily apply. As far as wssible. arrnThg¢ments are madt io coniinue Ihe emplni'Thenl ofilM>se colleagues 'hO hJv¢ become disabltd persons during their crnpkn'meni within Ihc (ITOUP. In all in51ance& consideraiion ivill he given lo urranging IraininE [. Liliiies. or probiding sp¢cial aids. hCrL ne&sary. li is lh¢ (iTh)UP'S p(ilit) 10 prold¢ di5abl¢d persons wilh lh¢ otwrtLmÈties for ITainin& care¢rikv¢lopment Promotion thal aT¢ gvailjble io all colleague5. having sIderatIOn to their apiiDJts aThJ abilities. Pag¢ 6

REPORT OF THE TRUSTEES (INCORPORATING THE STRA TEGIC REPORT) TO THE MEMBERS OF THE sco BADER COMMONWEALTH LIMITED For the year ended 31 December 2021 ualit Seoii Btsder remains commiiied 10 offering equa] opwrtuniiies 10 all and is wmThitt¢d to working ithm'ards securing a BSI aCLTL1l0I1On in Dier$i1 ar IDclusion_ Il'h¢n a 1'acar ari5¢5. li is ihe GTOUP'S W)lic)' io consider all applicaiion$. in det¢rniining thc bcM fit foT lh¢ role. This FequiTes an assessmeni b&sed on apitiude. anilude and ability. Collt e wtlfa The (yr()up .111 proi id¢ fal0ble pa).. bencfrts safe healih). worktnB coNlilions for all our tolleagues 10 ensure Me allrath artd retain tht ri¥hi pttsple and en¢ourd8e mtsiii'aiiDtL. ¢ommiitn¢Dt dnd lo>alN.. Th¢ Cjroup %4'ill t&7 w>plL fairl) M"iiknul dis¢riminillii)n. pros"id¢ supprt ivhcre ar¥J cn5UTe lhe is a balanLe bdw¢¢n 'Drk and lamili lif¢. Th¢ Ciroup .111 provid¢ opp)nunbiies lor iraining. development arwj invi)Ivtm¢ni 10 enable ihe lullilmeni of Ihe indi% idual arwj the success Ot'ihe (proup. or oral res li is i)ur c.or)r#i¢ RLswrL%ibilii) io condi>ci Ouf manufacliiring and disiribuiion busintssts in a¢ci)rdan¢e M'iih i)ur priniiple5.' Ihe (iroup %irive$ 10 bt a role MJe1 for Ihe appliLdiion i)fihese prin¢iples and hai'L' lak¢ii si¢p% l() publish the lirsi Fmplov¢¢. Eo%'iwm¥J¢ni. S()¢ial and Gov¢mwK¢ IEESGI T¢[rt in 2021 to incrca5e Iran5par¢ncy in Ihcsc ¢riiiral #rLas. 'I'hc (iroiip m1151 ¥n%urL Il ccinduily iiy biisinL%4 in a liir fflpIC r¢sNin¥ibilil> an involving them in decisions creaies ai susiainbl¢. pmfitsbl¢. ¢141 and r¢swnsibl¢ cirgani$alMTrn. E hit#l b The Oroup wÉll meet Ihe tlS ol'oLLr ¢usiomets 8nd suppli¢ts whilsi h•vin8 rtsp¢d for our colkagu¢$ and Ilie Loniniunity bv a¢lin8 wilh FM)nesty. ini¢8rily tyThJ faimv55 •1 lill lim¢ "I"hL L¥roup will deioie consideroblL dc¥Llopmeni and rLSL'arch rewurccs 10 dei'elopin¥ nc prThlurlS ond iechni)loKie$ 10 achieve susiabnable e¢oMmic grow1h for the btnelil of %coil ader. 115 wll¢a8v¢s and Ilic bNiad¢r coinmuntlw. I'h¢ principal drliiili of the SBCL Cjrnup M"hirh 5its beTth th¢ Chants, Eonlinucd 10 be Ihol of the production and di51ribiiiion (>f ch¢mica15 ar Telaicd pftidurls. iewemtht$ * rmnet The Tru&lcL'S dfL Slill i?I'ihL' cipinion Ihsi dividing th¢ ch8titw'$ irKom¢ in Ik M'?i' (kxribed aknv¢ wnlinues 10 enable Ilie charity lo %uppirt a diierse range ofxtii"ilie5 l1.iih a rela11ClY small amount ot'money. Flo.¢1'¢T. this is d¢pcnd¢nl on Ih¢ profiiabilits. ol-th¢ wmpanv. I1 mechunisms ex1 io ensre Iha ihe chariiy s income will increase in line M'i111 increased prolilabiliry. The numberof anTrliraliotL% re¢eived antllY is cirts 242 and w¢ $upwirt¢d 114 of thcsc. Aft running w515 (w'hich include staff cosi& reni and fjnantial provision for the charilj propeth. K". K¢¢p Ilous¢l rirca of the Tr(Ihe Charits. is doDai¢d a5 grants lo Sup[ rhariiabl¢ aciiviiies and pmjeas around Ihe world. Below is a 5ummaiion of ihe grdnis aarded during 2021 from Ihe irKomt te1%.ed in 2020. A full fjnancial breakth)i%'n atx)ui ihe tharitable Igrantsi made bi, T]ie Scoii Badu Commonwealih Lid is PTovided irt 1¢ 9 vt-lhe rinancial siaiements. P¢7

REPORT OF THE TRUSTEES (INCORPORATING THE STRATEGIC REPORT) TO THE MEMBERS OF THE scort BADER COMMONWEALTH LIMITED For the yr e[ed 31 December 2021 The tabl¢ below illu51Taies ktw ubjttiii'es olihe Commonivealth Board ihtOU8h 2021. majority of objecis1.es sliow improiement in Comparis( to lasl ieaT'. 25 [llo Chariiies have benefiied froTn OUT donations and ioial amouni ot. donations has increased for £77k a[ colleague5 haye S11 196 IK)urs m(Ire i'oluni¢¢riTrg. Dyrin¥ 2021, Communwealih Board LY)niinu¢d 1th the CommuJJity' Hardship fund 10 disiribuie funds supp)riing a M'idL' TngL of charili¢s invol%ed with child edtiOn, ).0h N¢llbein& m¢ntaJ hulih seTI'ices and Ih05e e(lecied b). th¢ l()vit 19 pandemic and MOT¢. Full Iisikng of charitits SuNed aTe p4g¢s 35-37. 19212020.. 1671 Charities benefitted from our donations £331.00012020.. £254,LMJO} Donattd to charities 2612020.. 271 Countries benefitpd from our giving VOTI 80 /0 I"Iltill. Il_i /ol of eligible Colle%ues are Commonweallh Members 69%12020.. 69%) Commonwealth MeMr$ Voi•d In the AGM 40612020.. 101 Hour9 Spent volunteerlng by collea¥ues U5e5 Supported Eduutbon D15ablllty & Olsad¥onta Mealth & Co¥ld. So¢i•l & Én¥bronm¢nt Youih Wel1 £50- £10.000 Donated to each cause Kt¢p I louse is d Ciradc 11 listed slone-buili larMyse ar 15 siitsaied Ilie Wc)Ilasion 511¢. lThe Tefurbishmeni of Ihe PTOP¢rtv was complL'led in Tr¢bnr). 2020 tsnd full of ihe oifice M. lu¢Jl Chariiies was achi¢v¥d by lh¢ end i)I'VI 2020. By pN?vidin8 this facility Ihe CWB i5 ell8blin8 these chattiies to coniinuc ihc excellcni work IhLy d(1 in ihe local ciinimunily. During 2021. i%'e 01£1¥11) ottned a new s¢nsQry 8ard¢n aryj museum '11h1n Kcq)14ou5c and wllcagues from ro%5 the compan> iiere ini'itcd 10 aiicnd. The incom¢ g¢nfftt¢d frIMn Keep HoLe is circa £33K will b¢ u5¢d fsjr iowards the 8tncrdl Tefurbishm¢nl of Ilie building and will ¢Dable the CM'B 10 source and pft)8ress local projcrt wnd pwtn¢t5hip opwftuniiies mmonwtlth Membt Tht Mtthtd FllTrdig S¢heme provided SBCI. reached circa £15.6k wilh 0er 25 chaTiII¢% Tec¢LVln8 thTruble whai ihey hav¢ T¢r¢ivcd th¢ lo SBCL mching Ihc amounts raised £1 tor £1. More companies otstside olihe UK rKbW a150 gel involi¢d in this scheme. Page

REPORT OF THE TRUSTEES (INCORPORATING THE STL4TEGIC REPORT) TO THE MEMBERS OF THE sco BADER COMMONWEALTH LIMITED For the year ended 31 tkcember 2021 VolunteeriJg- C'olleagues 8lcthll)' ar¢ 1ve1¥ eneouraga 10 panicipaie in Volte¢ring activities and despilL' this En8 hard 10 aehi¢Y¢ 'bi)st going th8h a glob31 pandcmÉc ¢ are pleJ5¢d to rery)rt Ihai some toll¢agues w'ere able 10 cumplthe 406 hours of i'olunic¢Ting. Adhttt]Lte to the G Printi Its cont td in the Con#itutio Infrorniaiion is shared beiM"c¢n th¢ ihree (iroup Goiernancc IKJdies regularli. lu cnablc inpui inio SInesS and Ch&riD issues artd 10 hLlp forni $lTaie8ic dirL'Clion. This iogdher iiiih all¢ndaDc¢ ai IhL Members. Ass¢nibl)' meeitngs L'nable th¢ (Tuardian I'rusiees ID tnunilor. on behalf of Ihe C''B. ihdi Ihe business is mwg¢d in accordance %i'ith the Guiding Principl¢s as sffl oui in Con$liluiion. i%hich is a mdjl)I wntributing fdaof 10 Seoii Badcr achiei'ing ils chariiabl¢ obj¢rls. (iiien Ihai li has b¢¢n I l years Since Ihe adooion ol-lhe 2010 Consiitulion (although some minor ¢hdDrs were madL ti)Ilowing Ih¥ rLI'iew tn 20131141. il M'as Ih¢refoTe aged til Ihe ¢r)d 2020 Ihai & vIL'w ufihr C(Inyiiiuiion should b¢ und¢naken 10 ensure Ihal iihai He do is fil for p]rp)s¢ as Scoil BJer enitrs 11$ 5ernnd ceniun.. Work pri)8rcwd on ihis Ihri)iighoui 2021 and wilh Ihe feedbark ga¢hcTd froni all pans ofihc 8ri)up ha$ held 10 fo¢u5 th¢ Jll¢Thiion on Te-exaniining our $irdie8ic aims at)d praaical wa>.$ of deli¥erin¥ whal ive snd Ii)r. We ar¢ recunimiiiing 10 SB lundiltn¢nial$ 10 enwre Iha th¢ pillars of14umanity. F.colo&v and Business arc ai th¢ r¢nI or ever)'Ihing we do in ih¢ compan%. In line with our i)bjecii%es. we hilV¢ f(Hnni¥ssionid J pr()jKI ivhich exomines ihL CumJkJni¢$ JppThiach 10 Ll-.SG r¢p)rling. Il.'mplo)'ee. F.nvironmcnial. kncial and (io%¢rnaiicel 10 assess hom" 11¢ arc ci'oli'ing in Iliis are8. "I'IJL SLulI BJJ¥r Li)ll%lllUllI)n se18 OUI Ilie Ci(Ivernaiict Principles exp¢rl¢d of the ('ommnnii¢alili Iloard. Aliknugh Iht C'ommuthw¥alih B<>ard is Ml irtioli¥xl in Ihe dai_li%. running 4)f Ihe sinesS. il duls hai'L resrN)nsibiliii fL)r ¢#suring Ilic conipan). adheres lo Ilic Commonm'ealih l¥itipl¢s. IIiTOuBlu1 2021 lh¢ Cunimon14'ealili Ili)ard )niinLSL Ici engage with th& Ciroup Board and ts numb¢r i)f subcommiiie¢s in ordw ti) fulfil Ihe TesN)nsibiliiiis lor 17birsi¥hi. The Board also moniiors the deveknpmcni ofir¥JuMrial demiTrri' within koil Ba chain. Th¢s¢ aciiong have supwrt¢d IIK niiiigaiion of5ingl¢ supplicr risk. Rtpymtlll of Covi&19 rellttd GovrDmewf support l.'ollou in8 the deLiSiOn b) Ihe (JTOUP )rd in earl% 21121. ar¥J as disclosed ID th¢ 2020 Financi81 Siatemenls. IIiLdl division3 acros5 Ih¢ Sci)ii B¥der Group who a¢s$¢d supsx>rt frpm IKal government scheme5 during 2020 madt full repa)mcnl (Ifihesc ltsnds M"her¢ Fwible. Tn countrie5 w'h¢re direa repa%'mcnt rM)I possiblL. Ihe tquivalenl valu¢ iifihis Sup? was donal¢d 10 local tharilies that suppincd JOL'JI c(Immuniti¢s. Ihc full value ot'ihe SUPFM)n ot'£742.IM)0. Isa5 ¢ithcT rcpaid or donakd chariiy in fvll PriOT lo 311)¢cember 2021. Crtation of Seott Bder Ire]*nd IAd SL'Oll BadLr Ireland l.itnii¢d was in¢tsrKX)fditsl in Ircland on 6 Mai" 202110 ¢lwifv and simplify the 8roup structure. and J5soriaid filings. The purpose ofthe Iransaciion was lo supwn the coniinuing op¢ralions in Jrelxnd r(Ir Commercial purp)ses. Page 9

REPORT OF THE TRUSTEES {INCORPORATING THE STRATEGIC REPORT) TO THE MEMBERS OF THE sco BADER COMMONWEALTH LIMITED For the yedr ended 31 tkcember 2021 • InveslmtDt im US operlions l)uring 2021 the Group acquired a I10.(MX) squar¢ f(M)l industrial untl OD a 15-a¢re siie in Mocksiille. Nonh c.arolina. Deieli)pmeni of a 5ubAaniial. brand ne%¥ produciÈot) facility. i5 underwai. wilh lh¢ inienlion invest lo bring ih¢ 411¢ lu 0ra110na1 Teadinw f4)r c7> 2U23. This fd. Lill Ii'ill increase the OPL'raiional capaLil> ufihe Gri)up and fundatnenlallN improve ihe Ciroup s ability io deliv¢r its p[0dlS across th¢ Ameticas region. • ImpitmtDttion of #tw TrivJsf¢r PriciDt policy "nic (iruw)-s Transler Pricing w)liLTr ilas u1¢d during 2021 wgding th¢ rnid¢xiinl ot-lhc a.$ len8ih ranges for Tetumx trum each divi%ioD. A chartge ofihi% nalur¢. M"hile tM)I direcilv impaclirtg ilie exiernal salL'S of each tniiiy %4 iihin th¢ group. li ill impxt lh¢ iniert)&l pricing appli¢d and ihere(OTe ihe l¢i'LI ofiradiTh8 profit Jrross tach region. This ih¢n sthbsequenily imp5 on iaxable tor11. M"hi¢h w'ill belleT refl1 the realit), of perf4iniidnie across ihe CJri)up. • Publi¢#tbOn of ih¢ Group's first EESG repfrrt 'I'hL puhlicaliun uf ts lirsl 1.'1.'S(i T¢Wn in 2021 ¢nabled the CTroup 10 benchmark iis¢ifagainsi indusiry and LofkN)rdie h¢4 prarlic¢. noi onl), a% a rcf¢rL'rtcL' Jx)ini bui alq) lu add exiernal prc$%ur¢ 10 drive neccs5dry ¢han&i¢ %Yiihin the i)rBanisaiion lo LSre iv¢ lii'e up io th¢ ¥8ied Obj1%.t$ of th¢ Cknmmon14ealth. Commtneemtnt of Conitit#tiowJ#l Review A C'i)nsliiulionJl FiLvieii 4 iniiial¢J ihal M'ill tfft)vidc ne documemaiion sctting oui t1 prectse PUTtx)y¢ of cJLh ol'ihe g41V¥Tning Ix)ards aThl Ihc> inienelaie. This M'ill k. ]wthlueed in miiT¢ 4 idngiiages will impro1¢ thL' ¥oierrwLtt ol'th¢ Group aryj providr Ir4nsp4hrenc) th¢ inieraciions accouniahilily twi¢n )di¢s. • Cojtsmlssiohini oran iud¢pe#de•t eA•min•lioll Of Govtrn¢e. Rk #ttd Complianre In 2020 Ihe (in)up Budrd commissi(In¢d an indepetthi r¢vi¢i¥ of Scoii Bdder s (ii)i'¢msncL and Risk IrJmeivi)Tk. Th¢ (it)vcmance review 'aS thknp1ed in 2021 and ii'ill 5upwn IIK company in rcvising ils gvv¢mJnce ()PLrJiing m[¢1 lu ihL' ih)ard in m¢¢lirt8 IhL requirLm¢nl of ilK' ncw uin>tiiuliun and 10 PT(Ivi(k. Ihc foundaiioTh lor updat¢d 8oierndnc¢ fTam¢work. tx)li¢ics. prnciir¢s. pro¢cdiLfLS. and job TLspÉTrll4ibilili¢s w'ithin the ciiwwral¢ gol'emance Infrn%lTIuI¢. -Thc Riyk Management l.'ramvYork review M'as also £onLluikd in 2021 and .111 Sup[> th¥ group in develiipinB pragmalir. inl¢8rsied risk manag¢m¢ni frame11k. iTh¢ fIrin&S iifihis Cx¢1 will supw>rt Ihc urhi¢v¢m¥nl i)I'ilie 0ard'S d&4ir¢d risk. maiuT¥ty Ic%¢l. cMin)l (Tamcwork and ¥g)cied risk. 055UTate mo(kl. • Implemenfa¢i•n ofor¢lt Th¢ lir(iup undLnK. a projcd liTr upyadc lh¢ rurr¢ni IIR sY¢M in 2021. moving i(1 Oraclc. 'I'h¢ pA)jeci 4(iughi 10 Mandardis¢ the cdMur¢ of dw?. impffpvinB Ihe cffiri¢nry ond etrtclivc3s of T¢COTdin¥ pcrlorn1B¢ rcvieM5 and abs1'n¢cs ar¥J irJirbing. amongsi oilicr daid. Atx)Iher b¢Dclil ofihis new sy5tcm &8 ihe impTOVCTn¢ni in quttlilj dnd stiurit) of available ti)r moDa8cmeni Ik'cisiDns. 'rhc n¢xl phw¢ Of thc OrJ¢le projed will be 10 idcMif% and Ir4nsitiM leading globdl poyroll soluliort wilh impn)ved ¢fficicnry and rvduced ormt101 risk. Promotio Ther¥ 15 a LnnipILie SLciion on Ihc meb5.iie c)I"SBCI. d¢dicad 10 the xtivilies ofihe Charity. Thi$ Mi only liclps 10 promoie our xlivilie5 bui also ¢nabl¢$ u$ Ici sharc more wiikly our diff¢Ycni'l'rusl¢¢ship busin¢ss mod¢l. S(>Lial media is also used 10 sho our chdrithble 8is'in& aA Ihr lia>5 in which Commonwcalih Mwnb¢rs makc a diff¢rence via their fun&rai5ing activities. vii tbt wtb5i¢t Partici h In txtern*l Afl. This continued ihroughoul 2021 by ihc Commonwtalih Otfice and oih¢r members ot'ilie SBCL aiiLnding online ¢¥en15, making presenialions arKI thtDuBh uur involv¢m¢nl ihc Emplo). Ownership Asso¢i8tion. romoft the Page 10

REPORT OF I'HE TRUSTEES IINCORPORA TING THE STRATEGIC REPORT} TO THE MEMBERS OF THE scorr BADER COMMONWEALTH LIMITED For ih¢ year ended 31 December 2021 Rtview of SBCL Whi151 the Cll'B dots rN)t gei itis'olved in th¢ da!,.1d81" Ma¥cen1 ofsBL L li recei¢5 JaleS ai ev¢rv ComtnonHealih Board meaing from lh¢ CF.0. CFO. and HR Dirtclor on the rIornianct ofsBCL and an updale on lh¢ overall business atLd kL? issues from ihe Companl Menib¢r o(Ihe Board Havin¥ di%u55d reviewed the IMIsi$ wforniae f4Y 2021. th¢ Tlusitts W¢Te pkased 10 noie ihai". Despite a challcnging )car Ihe operdiille results tor 2021 were Aron8. 111th an OJKT31ing profil ot'£8.3m being deliiered12020.. £12.Iml There has bttn a successftsl r¢m¢diaii(m ol's¢1'eral major I¢w!' Lswes IT improi¢m¢nis hai'e bttn m&1¢ globall) wilh lh¢ iniplemeniaiion of th¢ 01¢¢ 365. SlTengiLning of our c%.k.r sLuril> lThe husiness expanded ils global foolprini w'ith Ihe ¥quisilion ora new business opwrtuniiy in m'Sy111¢. North Ameiita Thtii u n¢w IIR infonnaiion syem h$ brrn Impl¢ed 10 enable th¢ tIT¥l1$allOn to manage Ihe 8lobal Th¢ business successfull>' 1$uh a 31) winiin8 pmjeci Th¢re ar¢ plans lo.. I Ipgrade mor¢ fxilili¢$ a05$ rhe SB Group A¢ics$ nem. mark'cls Dei'elup ncw. iechThTrlou OPKthunilics In1rjU¢e a pnK$$ $al¢T% audil l)Plimi5¢ w'hi151 ai ihe %anie time Ir¥nslomi thc currtni PsIneSS Ini'c51 in iechrK)108y 10 impmi"¢ qualiry and reliability IniTodu£e a n¢%v global l.-RP $y¢M Continue 10 scrk new business Prtuniti¢$ from ncw aThl exiaing $il¢$ ¢.8.. in Nonh Ameri¢8 Asr Th¢x' p11115 Mill hclp IhL Lljniinued su¢¢¢ss of thc busines5 and ihu$ proi'idc slabilifv for chariiabl¢ purposes and f(Trr thc p¢ople thai ai Seoil Bad¢r. rfornJ•¢e Annual inic)mL' inere&sed btr £74ni 13PAI. reflcciing volum¢ 8mwth of P/• and selling pri¢¢ uplills made in reswnse ii? w7predCn¢d iThcr¢ascs in r8w maiertal prires ihai look cffeci in Ihe fir51 quan¢r. Despiie Ihe raw mdltrial prir¢ rhallcng¢. I1 (iroup deli%'tr¢d a slTong 2021 financial re5uli w'ith a £hni 18Yol incrcasc tn Cim5S Th¢ (iroup coniinuLd lis siraiegi¢ forus on higher Mgin l(Inn¢ 5claI15¢ prUC1S. and %4hils1 nianJ8emLni remain¢d J prioril). incr op¢raiin¥ coms rcsulied in a £1 Im 13 IY•l decr¥4Lse in aper4lin8 Iprofil lo £8.3m. a deLTe&%e in Profil B¢fore Ta¥ by £J.8m13Wél lo £9.3m. (Mh¢r opcraling charges and other extemal charges increased fftpm 2020 b}. £5.1 iii and £5.7m. rL'speclii¢l)'. fl¢cling addiiional ¢i>si$ in rtlai101) lo mMerCIal ac1111%": 1o8isiic$ and Consumables h>ih r(Trse 8i8rtificaDII}'. Addii11)n&lly. Ihe Ciroup rccorded a n¢galii'¢ ol'£0.3m in res1 ot'tOTeign e¥ehange and lh¢ repaymeni 01. turlough paym¥niy uf£o.7m. Sales volum¢s 8r¢w over prior i'car. as th¢ itThpacl of COVII>19 diss]ted. Gro tnaTgin alue rosc for the fi)urth on5¢CUtiY¢ )ear. although retum on 5a1¢5 f¢ll from a fivt ¥'ear hish in 2020 of6.1°1• 10 3.IY* 2021, refl¢¢ling Ihc impod of priccs incre¢5 as a result ofunderlying raw. material in11100. The conscquen¢e ofincr¢35ed trad¢ M'ork'ing capital. pliis $ignificant wiial IneSleI. was a rduction in Ihe Rdum Nd A$ts to 9.8°1• (2020.. 18%1. Page I

REPORT OF THE TRUSTEES (INCORPORATING THE STRATEGIC REPORT) TO THE MEMBERS OF THE SCOTT BADER COMMONWEALTH LIMITED For the yvar ended 31 tkcember 2021 In compaTlS(Trn io Iht prior yedr. ai¢rag¢ monthlv trade working capital 35 3 petcththge ol'sal¢s d¢cr¢ased follow'ing Ihe growih of rolling sal¢s as a ¢onsequence ot'pric¢ inrr¢w SuaIned and significant irr&d ra, maicrial pricing. Siaff iumov¢r $0 tell from Prior y¢aT lo 12.3•A I2020= 15.6Y•l r¢lkniing o ¢tht)iinuion of the Org1$1170nal ehangcs uJe7Y to align the tSInesS slnKlur¢ with fuiure stMegic goals and a fociis L)n tsl¢ni developffteni rciention. We ar¢ also pleased io rewjrt nur lowest LTIFtt {-tA>A TiThe Inci(kni Frequencv RaElO'I in the la fiv¢-v¢ar P¢TiOd. illustT#ling ihc inLreased locus OD b¢hai'iouTal sa[¢. IllrogIHjvl th¢ org1110n. lThis mea5ur¢ 31so included Re8iricl¢d l)uli¢s. tThJking Ihe aciual m¢asur¢ stricier Ihan in previous ycar& On a like for likc basi& ¥XLIINg incidenis where individual$ t{ on resiricied duiith ihc me&wre M"ould hav¢ b¢cn 0.75 12020.. 1.101. Thm4J¥h 2021. Ihe CommonwrJlih Board disr5ed £408k12020-. £331 many chaTiIi¢s o¢ross variou5 countri¢$ in IiD¢ wilh the chariiable objedii'c5. BCL Risk Revi In 2U21 Ihe busine&% has Loniinued to invesl in 51wD¥ihenin8 risk mana¥ernenl mo$1 ni)iice¥bly in hLJlih and saleiy Jtml lax compliance und plJnnin8. In a(Miiion. has k.¢n on managing %i8nificanl ¢xi¢mtsl risk% amund Ihv c()vIt)-IY pand¢Ynic and Ih¢ rDns¢4u¢ni disNM}n ID global mal¢rial flo$ iiiih an unprLL'dL'nied numh¢r of F4)r¢¢ MajLiires being callcd by suppliets. As a resuli of th¢ 2021 mJieridl shortages. Ta. niai¢rial prtLLs L()nlirbue I bc iilM)v¢ long-lcmi markei aver&Be& rcsuliirt8 Ln infloiiorbar% pr$U5 Ihthi hdwe en furthlr wiiplificd by increa%ed cncrgy Co$. 1)¢spii¢ Ihe he4Lth4'inds Ihal lh¢ (iroup is experiencing. thc bwin¢s5 fothi1n In T10m} ii'cll as wt Ll)niinu¢ impl&mL'nl C'()Vll) ¥Jfe orK. th'v¢lcip our suppl). choin Ciipabiliti¢¥ coniinul l<) manJ81 cosis.'I'hc Ltssh 51111) ()l-Ihe (¥roup wmains hc41Iih) dcspiic lh¢ hI¥r raM material pri¢c5 (trivin¥ up ¥orkin¥ capilJl. D¢%piiL IhL'se chJll¢ngc%. Ih¥' I)IrL¥trS remain confith'nl th Ihc Group will k suifici¢Dily M'LII ¢apilJltscd flir lh¢ Ipr¢ShIc fiiiure 8S 8 conscquLrK¢ Dl'ILLrreni 4hnd rffnj¢cicd by$in¢55 pErformonce. ThL'fL' fLYnain significanl Ti$k$ IrI)s8 Scoii Badcr from a Matt(mIniC. rc8ulalpTh. and lesal complianc¢ p¢t%pg'. W¢ wrtiinue 10 iiii)nili)T. minJg¢. ond mili801¢ ihese risks as a priority. re -rhL' I rusiLLb hJ%i div¥10 d In()rL ft)bU awbr0h io m8n88inB ihe risks lo u'hirh th¢ ¢harity is cxwKd lo ¢n$ur¢ Ihol appri)priJie controls arc in plar¢ io Provide re¥sonabl¢ a&$urance againsi ihc risks id¢nlifLtd. Tlic I njsicvs undLrtak¢ a quJrtvl>' r¢vi¢w ofih¢ risk rryi51¢r. which assi$ IhL' maDB8emcni of Ihe risks lil srifiL individuols onLI recomrncnds aciitsns 10 bc taken. wh¢r¢ D¢¢essary. 10 manag¢ ihcir lik¢liliood or impbffl. Ri5k5 Br¢ #ddcd 10 Ilie register Js th¢y is¢ and are rerA>rtcd at th¢ quart¢rlw tA)ard mttling& The Chariiy s main sourc¢ of inc()me is b) pai'mcnt pf 4 di%'idend 4)r * (k10 from SJICI. Th¢Te is a pr(ii i4ion in lh¢ Arlirl¢s of Ass4)ciaiion of SBC'I. In ensure thai ihcre is a minirtLym amount paid 10 ihc C'haril). csch vcar11 /0 of Ihe annual stal'f%alaiJ LOSI lif IhL knli BadeT liTotspI. Ihe l-rusi¢e3 do nol cunsider ihiq 10 bc a iiiajnr ri%k. unlc%s Ilie p¢r104Th¢¢ ol'ihe Lcimpany txcom¢5 30 pf¢wioLLS thai pa)inenl ofthc dvnali4Trn mighi thTcthl¢n lh¢ i'co, 181¢nce f the C"ompany. Th¢ Chartiy's secondary SOUT of income. from 2020 onwwds 1$ remi ofcirca £33k' rKr wmum trom ihc lell>ng ot- rvoms in K¢¢p Iluuse. 10 local chaTilie5 a5 offkces and mttiing fJciliti¢s and Ihe 8g¢S as 5torng¢ f2cÉlitics. A pr(inIOn ofihe inrome M'ill Main¢d cath v¢or lo maintain and orKrnl¢ ¢h¢ Iwildin8. Continlled loii interest rJt¢5 ¢ a minimal rhsk becau th¢ Tharily ts noi dw¢knt on th¢ receipi orinter1 to fund its grani tnaking progTrramm¢. Thc Commonw¢otth Boaftl ofTrusltts Tegularty reviews the Risk Matri¥ thith the Group Board u5¢ lo moniior and manag¢ PsinesS and 0raIlOna] risk. Page12

REPORT OF THE TRUSTEES IINCORPORATING THE STRATEGIC REPORT) TO THE MEMBERS OF THE sco BADER COMMONWEAL TH LIMITED For the yfdr ended 31 December 2021 Ehvir nmeDtal ea The IiKu5 of the Cyroup ai Ihis ]rtI is on ener usage aNI 8enerai¢ our energ). The Grutsp &spires lo h4V¢ all our manufxluring sites audiied agairw [$0 141MII. wilh 5 out of 6 sites alT¢ad)' cenified. The Gmup rtto8nlSC5 that th¢ produciion of elLcITiciIN is a majpr coniribuiorio C02 ¢niis5iTrns. Scott Bad¢r has continued 10 focLL8 on driving reduciKbns on our C02 emissions per meirie ionne. SLOII Bader pur¢lias¢s ¢leciriciD Irom loi%' carbtm Suppliers in ihe IIK. Franc¢ and Croatia. Our ren¢'able energy certifical¢. alloi4' us lo rewrt Cn2 lor our kope 2 emissiuns in Ih¢s¢ locaiions. howei.et knccording r¢c¢ni aineiidmenis 10 Ihe (i14ti Protocol Corwrdie Siarthrd. w'e e le1g Ih rnark.th-bad atyl loratioTrbaKd emissions tor SCO 2 CO,. We have noi included S¢orrf l emissiorks from companv oWd ar¥J company leased v¢hi¢ks a5 we do not beliei'e Ihese 10 bL mdl¢rial ID th¢ IIK business. &8 il Dpcros a i'¢r¥' smoll nuniberof ltr¥thirl¢s. We have been guided b% GRI 302 tind CIRI 305 in the wlleeiion and rtpjrting of our energy ts)nsumpiion and Ca: eniission data. 2021 SBL? GROL? LNTRGI. CO.%SI)IPIIO. LOC.4noN B.1SID B.IStD LOC.4TEON B.4SED L4RkTT B.ISTD 10.424 01.419 157,79J 6,557 46.629 T•t¥l (CJ) 10.575 2ts1,4:: CRELNIIOLST C.4STSllSSIO%S S8L 01? Stty• l G•CO2Q) I.. . S¢w (t•COi•l 2.771 2.771 1.357 4J)S 2778 ie44• LiILNsm' F.4cfoR SBI CROI? Jthll tl• •vApl•s• 291 737 CQwT• 74 79 T4COillall tEm•*•plwv• 14 4CO2•rf(4)O'¥ r•T•BU• Ji 39 Page13

REPORT OF THE TRUSTEES ItNCORPORATING THE STRATEGIC REPORT) TO THE MEMBERS OF THE SCOTT BADER COMMONWEALTH LIMITED For the year ended 31 December 2021 2020 GRObTr LOC41ION &4StD LOC.4TtO.% B.4SED 16.947 61.4SS 1$3,409 R•vJ¢wAblQJ) Is.3 GPIE)IIOLSE C.IS ESItssIoNs 4BI CROI? 3,96 SrDp (T•CO,•) JJJI 1.997 '.S¢•p•l $T0p$ITcOJ L¥ItTh51TI' F.4CfOR J.196 11.164 9.924 GROL? ,599 tu•TLV Jc• 216 IJ07 io Int•A41ty ied dlmsve has ¢n uwJJi¢d lu relle£i imwoved ulilisolion iifc02 emissions dats. whiEh provides ror an incTCU5cd ILVLI of accurac). for rerMJrnin¥ Pur$¢9. INVE TMENT C'iirrcnil) Iliv Lliariiy IM)Ids a small in d¢rM)sil sc¢ouThis. wliicli ar¢ rcviwd annually 10 ¢nsuTe bcsl rLlutn. I1(}¢Vr. Ilw ¢Js¢ cifadminisirJiii)n e.8. bank lrnn5f¢r pymenis in Ihc IIK and ov¢rs¢os. Ihe majijrii). ulca5h is hLld on dLfrt)Sji b), %BCL on khalfof Ihe Ctharily al an inl¢r¢$i rate ¢ompwdblc io Ihe lliosi rompeiiiivL llvailablc li) Ihc Chariiy. Ikn¢T¢ 1% art a8fL'em¢ni in placc. wliich is ¥1¢W¢d rIodI¢IlY. lo ¢n5ur¢ thai money is providcd lo th¢ (Tharily UP)n r¢quLsI and Ihal ihc appN)pri9ie iniercsi is rcc¢iid. 1thL I"hiiriiy ha5 gn ass in ihe fonn ora PrortY klwn a8 Keep Houx. 124 Ili8h Str¢d. W4)Ilasion NN29 7RJ. An open mark.ffl appraisal In Ikc¢Mr 2021. by an irthtxnd¢nl i'a]u¢r with a rtgnIsed and r¢I¢v1 professional quJlifirO1ion. a value iif£495k for this propen). Ba%ed on the ktNTrM'n incom¢ and ¢xp¢ndiiure streams and Ihe I'rusl¢es pEcIall05 fr chariiable dpnalions in 2022 thc I'ru5t¢¢s polLC) IS Ihc samL as in PTe%'iPU$ SO thai the unrcMTirled fur T¢serves re50urr¢5 ar¢ sullicieThl and will 5LkPIM)rt the (Thariiy s plan5 for ai least 1-2 ycars Isee noic 241. The Trusitts a8Teed lo roniiny¢ io maintsin a small Te5¢rve if no (tlon is receivcd from SBCI. or iht £xndi1Ufe budget is exLL*YILd and ih¢r¢ aT¢ furK15 to cover ihL coths. 1¢ h&8 b¢¢n ayted io build up a roThting¢nr)' fijnd IOT US¢ on impro%in8 K¢¢p Iloux. whirh owned b) the Chariry. Pagc 14

REPORT OF THE TRUSTEES IINCORPOIiA"fiNG THE STRATEGIC REPORT) TO THE MEMBERS OF THE SCOTh BADER COMMONWEALTH LIMITED For the year end¢d 31 tkcember 2021 FittAotil Comtro The Financial Conimls Polic), which also inrludes the delegalion of audKwir)' and 5egregaiion ol'dulics, 15 rei¢ll.¢d annually. The Trusices consider lh& the W¢¢$ and si'siems in place ar¢ robusi and are folloed diligcntl). bv all parties cthnr¢rn¢d. PLANS FO THE FUTiIRE Goin Cohttrn Thc Scoil Badcr c.omniork.CaIIh relies on surpluses 8tratrd bv M'lk)Ily oWd Iittding subsidiary compani¢s lo bc ble 10 carry out granl-ThakÈng 10 Iht ¢haT1ble tsbjeaives and th)es thol wid¥niikc ali) (undraisin¥ aaiNili¢s u'iih Ihe public. During the fi Yrter of2022 10 d. Ihe Group has ¢x[thet r¢suli$ bclom. expeciaiM)ns d¢spile y $lrong order k. d, Iv ¥uppl% Lhain disvuJxi4)ns WKI wniinued restriaions B5 p r¢suli of C-OVID-19. Nei'¢nhLl¢ss. the lin)up ccTrniin% lo Irwje proliiabl). During Ihisehallengin¥ PCTiod Ihe (ITOUP Le¥Klersliip Tcam ICIl.Tih&sgerJ1Cd lur -2023 4 I'aricly liroup sufiKILnily iiell eapiialisL'd lor Ihe loresceable luture. Bascd on receni results and rurrcni fnTe¢asl$. m8ntigem¢rti liai'c bccn ahle 10 con¢lud¢ ihal Ihc ouilook ti>r th¢ koll Bader (iTOUP remains w$ili¥¢. which in ium 111 suppun Sciiii Bad¢r Ci?mmonw¢alih. 'lTht rcceni the ('()Il$lilulional review h&8 brou¥hi inlD focus the triJci8llv imrwrtanl rffinciples pra¢iirc of hoiv the C'oninion%4'¢alih fJi)ard wcirk'.% 11> discharg¢ ils rLS5MJnsihiliiies ai Ih¢ renlre ofsc(Iii Jlader. Th¢ ¢X¢TCi%e has enJbl¢d u$ lo enierge siri)n$¥Y ond wilh Tcneii'ed ¢onfidL'tsC¢ Yr vi8OUT. A5 & rUl¢ ofihe revi¢w lh¢ c'B I1¢C$ have ¢o0¢l1 thai sv#emic impmi'¢meni 1$ nec¢55ary in the wov Ih¢ board iijell'operaiu and inicnd5 10 implem¢M I folloiving impTo%em¢nt$ oi'¢r Ili¢ nexi t.0 years.. Charity- will bolster and rewnfi8uT¢ charitaN¢ adivities in Ordcr 10 deli%eroknrrharilobl¢ uims and r¢sp()n%ibiliiies. FU1•s raiios for ¥haTiiablc (k>naiions will maIn a% preseni Imd 11¢ wish io widcn Ihe m¢?ning ot'cliariiable giwinB including encouraging and r¢•en¢rgi$iThg Ilic i'oluniecrins und¢nakin by ¢oll¥a¥u¢s. Wc aim io replicHl¢ th¢ Ilousc m(Ml¢l al Il"ii114Lsli)n. This will provid¢ loral oprrt>nuniiie5 lthr gond praclirL and ciuirech oround s¢l¢cied I0¢10t% dmwxl lh¢ 8N)IIP. Income- we ii'ill 4Ere¢ a nov 'aY ofseturing a r¢lialil¢ incomc in order futMI lh¢ aciiviiits i)I'iht C'ommiinmealih ()1(¢ hIch supw>ns a spe¢iwm of rhariiable aciiviiies as ii'¢ll as Ihe 5crvicin# nf th¢ dcmocralic sysiem. Key PerfornLN¢e Indi¢tovs- w¢ ii'ill dcvclop a sth of meaur¢s io r¢viv4' IM)w Ihc company is rlOrni1n8. The3L' %4'ill Solel sirJlc8ic and financial coverother key mmFKJnenis oftxcellenl PErforniancc, inclding th¢ disrhargc ofsB Principle Ep8agemew¢- w¢ M'ill implmcnl a Tetreshed way in m.hich collugucs learn aknLrt th¢ tlureS and r¢swinsibiliiiL's ordemral in Scoii Badct. Thi$ will include bthh Iht induclion. orieniaiion. and 'oniK)Jrdin8 rernjils along wilh Ihc OnBoin¥ T¢fr¢5hm¢ni nccessarv ith k¢¢p ¢Y¢ryorK c(Trmmitted #nd ¢nguged. mmuni ttt lld ersli To txlend il.% slraiegic. objecii¥e. and ¢haritsbl¢ aciiviiies in Nurthamplonshire. Ihe ComrniTrThwealih Board will now. rk M ith the local communilv lo d¢%elop pft)jects and rtn¢T$hIps 10 funher Uiilise Keep Ilouse. Where appropria1< ro55-s¢aor partners will k gaged 10 mi%imist wojeci QPFKkrtuniiies. scalt. and Loll¢cli&e impaLI. Page15

REPORT OF THE TRUSTEES (INCORPORATING THE STRATEGIC REPORT) TO THE MEMBERS OF TIIE sco BADER COMMONWEALTH LIMITED For the year ended 31 December 2021 Indt ttdtnt auditor5 RSM IJK Audii LLP hai'e indi(ed their ii'illingncss io rontinu¢ in oificc and a rew1]0 COTr8 their r app)inimenl w'ill be prorA)sed al Ihe Annual General Meding. In w fJr as the Trusiees ar¢ awore.. Th¢rc is M rtlc¥ani aj11 information of which th¢ charitable eompany s audiinT 1$ unawa- and The'l"rust¢¢5 hase taken all sieps Ihal thp. ou¥hi hale iaken to mak¢ ihemselves ai%8Te (if any relevant a111 inforni4tion and 10 abliSh thai th¢ awliior is awa of ihal infomiation. Trusttes, iwura Thc'l-TU$l¢¢s Iwho ar¢ also dir¢clor5 of Tr Scom Bader Qommunwealih Limiied for the pthrp)ses of wmpuny lawl are insur¢d a8ainsi the ¢osts ol'succc$5fully detending any xtions brouglii lor neglig¢nc¢ in iht r(OmiancC ol. Ihtir duiies as l)ir¢aors. The Bo&ird of Trusites approvcd this r¢¥K)rt )d. the sira1¢ R¢p>rt in their capacity a5 dI10[S on 27 April 2022. Sigrt¢d on behalf ofthc Tn1¢¢$ by.. l(/ Ki)k'rl Ciibson 1'rLisi¢e Jessica ClJrk TTrce Page 16

TRUSTEES RESPONSIBILITIES STATEMENT For the year ended 31 Decemb¢r 2021 Trn$tttS' Tes on5ibilifies sttttttt "rhe Trusiees who ar¢ 4L150 Ihe direfflors ofihL' Scoit Bthr lommonwealih Limiied {for the purw)s¢ of companv lam l are TL'swnsibl¢ foT preparing the Ttusit¢s' R¢rA)n incIj18 (he Siraiegrc R¢w>rt and ihe financial s18ieinenis in accordance i%iih applicable lais and lJnii¢d Kingdom Accoth)lin¥ stdards IlJnii¢d Kingdom Generall). AccLpl¢d Accouniing Praciieel. Ilnder wmpany and chariiv 1aM the Tsle¢S JDusl rHJi appro¢ ihe linancial stsi¢menl$ unless Ilio are saiislied ihal the> giv¥ J irue and fair VILW of Iht Slat¢ of affairs of ihe group and i. ¢hJritsbl¢ companj and ofihe incoming r¢y)urces and applicaiion ol-resou¢S. including ihe income and t%ndlire. of Ihe group and Ilie elilIable ompany tor thai per. In pr¢piwing Ihose linan¢iJl Aaiemenis. th¢ TTUStrcs aTe required to.. %cleci suiiable accouniin8 txilicics and I"n a1% Ihem ¢onsisiently,' observe ihe nithh(Mls and principles in Ihe C'harities Siai¢mcni of R0MMeIe Pratlice ISORP}'. mak¢ judg¢TDcnis ar¥J accouniing esiimai¢s ihJi ar¢ reawnable aThJ pner>i.. SthIL M'heihLr appliLable I IK ar¢ounling %iandaTds ha%e tren ttilloN'ed. %ubjeci lo any maierial departur¢$ disclosesj and expldind in thc financiul siaiemenis: and pr¢piir¥ lh¢ linancial %iaiemeni> on ihe 81)in8 ronc¢rn basis unless li 1$ irtJpprvprial¢ 10 pr¢sume Ihal Ihe and Ihe ¢harilabl¢ company Hill ¢oniinue in business. The Trusiees are ressM)A%ibl¢ for kf¢ping adequate t0ti rrwrds lh are siifficiet)i kn show and ¢xplain ihc gmup's and Ihe Lharii¥bl& rumpany's 1rdn5aeiions and dis¢[0 1th TUX)nable &curtiL)' al 1> lim¢ ihc r)nanLiul FM)Yllion thl'ih¢ group and the chari141ble compan> 8T ¢nabk Ihem 10 ensure ihai Ihc fIrn(la1 5tJlcrnLn15 compl) 'iih Ihe Compani¢$ Aci 2(Xbh. Thcj #r¢ alsth wspon5ible for safeguarding lh¢ as5¢1% ofihe gTOUP and the Lhariiable compan) un(J henLe ltir lJk"in¥ rcasonablc Meps for Ihe pr¢v¢niivn dl'icciion o(fraud and vihcr irrigulJrili¢s. In so fur a$ lh¢ Iwsiccs arc 'are.. • ih¢r¢ is ni) r¢lei'ani audii infomiaiion of which thc charitsbl¢ ¢omp8n) s 4j110T Is unaware.. und • th¢ IruslLL$ hawc iakL'n Jll si¢ps ihal Ihc). oughi hale taken lo mak¢ thcmscli'es aware ofany r¢l¢v4ni Audit inlomiaiion and ith ¢$lahlish Ihai lh¢ auditor is aware thf Iliai infOalln. 'I'he IrLi$l¢¢$ arc rest¥sibl¢ for iht mainiertwK¢ and inie¥rit) of Ihe Lorp)ial¢ financial infomialion includtd on Ih¢ rhivilabl¢ conipaTh)'s Ib'L'bsiie. l.cgislalion in Ihc ljniied Kin8d(Jm go%¢Tning IhL preparJiion and di5%eminiiiion ol. fin4uKial St¢Men1S may diff from legislaiion in other jwisdi¢iions. Page17

INDEPENDENT AUDITOR"S REPORT TO THE MEMBERS OF THE scorr BADER COMMONWEALTFI LIMITED We hale audiied the financial SL2iemenis of The kott Bthr COmmon'talIh S.iJniled Iihe-pareni charitabl¢ ompany l and lis subsidiJri¢s It1.-Er0p i (OT Ihe %'eaT ¢vd¢d 31 December 2021 whi¢h a)mprise Ihe tiroup and Chdrity StalL'tnenis ot"FinaThcial Aciii'ities lincor]ratIng an incLirn¢ and expcndiiure Coun11. GTÉTUP and Chari ElalanL¢ 8hcclS. Group C'ash Flow Stal¢Tneni and 1¢5 10 ihe fina1?] slalLmenis. including significani accounting licies. Th¢ tipancial rewrting framiork Ihai ha5 applLed in Iheir prepardlicin is applicabl¢ law Jnd Ilnilcd Kinbdoni Accnuniing Siatmtards. including fRS 102-Thc Fitla] RerxTrrtiThg StstKl&d aJ4>licable in th¢ IJK orMI Republic ofirelan&' Illniied KiTh8th)m Generdll!. Acc¢N¢d ArrouniinK P1¢¢1. In our opinion Ihe financial siotem¢nts- give il ITU¢ fair VILW of Ihe siaie of th¢ group s and the pareni chaTilablc company's affair% Js al 31 December 21121 tbc gri)iip's incombfb8 resourr¢s dnd application of T¢Sour$. including its incoJnL and expendiiure. for ihc year then endLd.. hav¢ erE prowl> prepared ITh acu)rdan¢t w.ith Ilniied Kingdom G¢n¢rall> AcceN¢d AQu11g Prnciice: and have b¢eTh PWdTcd irk wilh ihe r¢quir¢menis ol-lhe I'ompanics Arl 2006. B#sis for o iDio Wc c(>nduLl¢d uur tiudii in accordance wilh Ini¢maiional Siandard% on AvdillnB11 IKI IISAs11 IKII and applicable Id%4. ()ur r¢%w)n$ibilili¢s widLY standards yurt.[ Ik.seTibed in IhL' Aydilor % r¥s$11]Illi$ for Ihl audit or thi finanlidl %iai¢niL sciliort of our rewJr¢. IA c irvkp¢md¢ffl 4)f Ihc group iiThd par¢ni Lhariiable ci)mpany in acivrd)n£e ii'iih Ihc rfhical rqu1mcntS thdi are Telci'ani io our awlil of ih¢ linancial 5tal¥ml¢rtis in ihc IIK. inLludinb iIiL J.'IiC' s l.'Ihical %tJndJrd artd w.e have tuliilled our oth¢r ¢iliic&l resrKMsibililies in #ctordancc with IhcsL r4quir¥m¥nls. We .]1¢¥ Ihdi ih¢ dudil ¥iid¢t)Ce WL have obMind i5 5uIlicieni and appn)i)ridl¢ Iv providL b&4is li)r our opinion. ofj¢lusionJ ryl•tl to eo¢e In Judiiing IIiL lindnLial 51illLmLlll%. Me have ¢(fflcluded th ihc Irusi¢¢s' w of rhe 80ing con¢¢m b#$i$ or Jcci)unling Ih¢ prepJrJiM)n ofihc finanrial ai¢mLnis bs appropriBIc. on the work huY¢ p¢rfurmL•d. .¢ hai'e rKbt id¢nlified Jrty maierial unc¥nJinii¢s rL'ltsiing Iii cicnls iir conditions ihal. ithdiwidivdllv or coll¢divelv. ma) cast significaThi thn groiip % OT ¢horiiablc ¢oinpuny s abilit>. 10 Liiniinuc as a going for th PCriCKI Df ai l¢asl IM"¢lie mimihs from when ihe linanciul stJiemenis arc auihori5¢d issue. nur r¢¥w)nsibiliiics and th¢ Tesrffl8ibiliiies of Ihc in¢¢5 with r¢Srt going conE¢m ore described in lh¢ rcl¢vanl S¢CILons ol'ihis T¢rt. Oi rni ThL oihcr Infoalln cDmpTiSes lh¢ irbforniatinn in¢lvded in the RerA)rt olih¢ Tnjsiees oihLr ihan ihc financial $tsl¢mL'nis and our audilor $ IhL'fc4)n. The In1¢¢5 aT¢ resnSIbl¢ fiv ihc oth¢r infi?miaiion cDrbiaind wiihin Ili¢ Rep)n ol-llie Truslccs. ()UT npiniorh on thc tinancial Malcm¢nts dots Mi wv¢r lh¢ oili¢r iiilomiaiion and. exccpi 10 lh¢ ¢xl¢rtl oiherwisL Lxpliiiil> slai¢d in our rew1. we do not expr¢s5 an%. forni of as$uranc¢ ronclusii?n ihLr¢xin. Our rLsw)nsibility 15 lo re the othLr infonnalion and. in (k)ittg so. considcr w'hdher the oiher infonnutinn 1% msieriallv ineon5isient Thith Ihc finan¢ial SI¢m¢[bl5 or nur knnwiedBe Oained in th¢ course ol-lhc al1¢ of oihcrn4.ise appcars io bc mat¢ri311> misstaied. Irw¢ idcnlifv such maiLYial inconsisl¢ncie% vr aPpent IlldlcTial mi55tal¢m¢n15, we arc rcquircd 10 dd¢miirte whether ihi5 giv¢5 10 3 m#ieril miss¢alem¢1 in the findncial slaiemLnl% th¢nic1VeS. If. based on lh¢ we have rtrfonncd. we thai iheTe is a material missia¢cmcnl ofihis oihcr inforniuljoii, are required 10 rwrt thai f1. W¢ have nothin8 10 reEXbrt in this r¢gard- Page 18

INDF.PF.NDENT AUDITOR"S REPORT TO THE MEMBERS OF THE SCOTT BADER COMMONWEALTH LIMITED inions o othe 4tte rexribed b tbe Co

nies Art 2006

In our opinion. b&sLbd on the Mork und¢rtak¢n in fOUTSe of ihe audi1= Ihc infonn3tioD given in Ihe'l"rulle¢s Rewn. whieh iludeS IhL DiTLtiors Rew)rt and thc Siraiegic R¢porf pr¢parcd for lh¢ purtN)ses of compani. lalw. for Ihe fjnancial )e# ttir whi¢h ih¢ financial 51al¢menis ar¢ pr¢par¢d Is consisieni %4'iih the tinancial siaiemenis- and (he DireLiof5 Rew>rt and ihe Siralegic R¢wbrt includcd within ihe Tte£S Re[n hawe Ien prepared i ¢¢ordanr¢ with applicablc legal requirements. In lh¢ lighi ol'ihe knowledge and understathding of a¥vJ lh¢ parent chariiable compan) and their environmeni obidined in the cours¢ thfih¢ audil. wc bale noi ideniified erIal mismaiements in the DireLiors Rlwrt ur lh¢ Siriiie8ic R¢wbrt included lihi ihe I"rusiees Rep)rt. We have noihin8 10 rert in rese1 of Iht following maitern wh¢r¢ th¢ Companics Aci 201)6 rlquires io rewn lo )'oii it.. in our opinion.. ddequair UC¢OUnling (trTJ$ hpvc t b¢en kepr hy Ihe parent charitable compan>. or r¢iums ad¢quai¢ r(>r our audil hai'c noi l)¢¥'n rcrcii'd from brnThches rMTrt I'lsiied b%. us.. or the pareni chariiablc compat)¥' finU1¥1 81¢M¢nIS gr¢ not in ¥8re¢m¢nl wilh Ihc accounting rccurds and reDJrnS: or rl•in di5rl()5ur¢$ of IruMe¢s r¢muncrniii)n spetified b! lam are noi mle.' or 'L hav¢ rboi r¢ceied all the info8110 and explanaiion% we r¢quir¢ for OUT audil. A$ L'xpliiin4d mthr¢ lulls in ih¢ %tai¢m¢ni of Twsiecs rcsFK)nsib¢liiies sei oui on pa&iL' 17. Ih¢ Ir1151¢¢s IwhL) arc JISLI Ihe dir¢iior$ vl'ihe Lharillible compan). for thc purwscs of¢ompan>. law'l are reswnsibl¢ for th¢ pPAralln ol'ih¢ rinanci8151ai¢men15 and for being saiisfiLd Ihhi the) give a InK' and lair YicN, and tor such inicmul Loniml as Ihc Iruslecs dci¢miine 1% n¢l¢ry lo enablt Ilic preparaiion ol'finan¢i)l siai¢m¢nts Ihal Irc¢ from fflalcrial misslai¢meni. whether due 10 frdLMt or erft)r. In pr¢parin8 lh¥ finMcig1 sIalne¢S ih¢ iruAtt$ or¢ reswnsible for aeSsIng the Rroup'¥ pnd p4r¥'ni rh4rilable compan), s ahilil). ID ¢oniinue as a going concern. disclosin8. os pplicablc. lliall¢r5 relalcd 10 8oiTh¥ concern Dnd u4ing th¢ guing LiinLcrn ba%is ofaccouniing unless ihe In[Ce5 eiiher intend lu liquid41c Ihc gT(iup vr pareni chariiablc compony OT 10 cc&se opeMion& or have M realtstit oltemalii'¢ bul lo do 50. il of iht fi ti1 llement ()ur IibjcLliiL% dre lu obtain rtas(hnable a%sur4nr¢ 'h¢ihcr lh¢ financial Maiemenis Is a m.knle free fr(im mai¢riul mis5t?l¢m¢nt. whdh¢r du¢ lo fr4ud or crror. and io issue an aliOr'S rerknrt that inrlud¢s nur QPlnlQD. Rcsonabl¢ &%suranc¢ is a high Ici'el of assurance. is nui a guranite Ihai art audil ndurI in arcoTdanc¢ wiih ISAs11 IKI i%ill always del¢ci a maiLrial misMaicmeni M-hcn li exisis. Nlissiaiemenis uris¢ fmiii fTaud or ¢rmr and ar¢ oinsidered maicrial il". individually OT in the aggrege. Ihey Lwld r¢a50nably be e¥pecicd iÉi inllucnce Ihe economic dclisions of usets taktn on thc basi5 of Ih¢se finawial iat¢m¢nls. hi¢& Ibt #udit Y4$ ¢otssidered t Irregulariii¢> are insianc¢s vl'non-ci)Inpliwii¢ i%'iih lai%5 and rL¥ulJliiin&. Th¥ (Ihji'cli%cs Dfour audil ¥re to obtain Sutlicienl 3ppropria¢e audii ¢vider¢ regarding conipliance M'illi lam's and regulations that h3v¢ a dir¢cl ¢l)¢rl on the det¢rminalion ol'maicrial amounts and disclosurcs in Ihe financial 51alemenls. lo rforM audii procedures io hclp ideniilj tnsianees ol'non-Cl)mpliance *iih other law5 4Th1 regulations ihai ma>. have a maitrial efieci on ihc linancial taiemenis. anil 10 teswid ajyopriaielv Iv idenlifi¢d or SU¥i¢d nOnOmplianCe wilh I.5 and regulaiions ideniifird during th¢ audit. In r¢lalion to fraud. Ihe obj¢cliv¢5 of our a11 are 10 identify and &ssess the risk ofmai¢rial misslat¢m¢nl of th¢ tinancial staiemenis due io fraud. 10 obiain sutfi<ieni #ppropriaie audii ei'idence Tegarding Ilie ass¢ss¢d ri4ks ot. maierial misAatcmcni dut 10 fraud through designing impl¢m¢nliDg appropria1¢ r¢swmses and 10 reswJ¥J appropriaiely 10 fraud or SUSled fraud idthiificd during ihc audil. Page 19

tNDEPENDENT AUDITOR"S REPORT TO THE MEMBERS OF THE SCOT[ BADER COMMONWEALTH LIMITED However. il i5 ih¢ priTnaTr r¢sw>rtsÉbilit) Df tnanage]n¢nt. with ihe oletsighi of those ch&rged lIh goiemanc¢. ti ensure thai Ihe ¢niiiy's op¢raiitJTh% conducied in T(lance "1th the prolisions of law's and regulaiions and for the preveniion and ¢kieaion of frdwj. In id¢nlifying ass¢ssirtg risks ofmJterial misstsiemeni in respeci of iTr¢gularilie& including fraud. the group audil enga¥emeTht ieam and romw>n¢nt audito= btained an i1Jers1a[in8 of Ihe naiuTe ot-lhe sOr. Inc1Jing th¢ l¢¥al and regulaiory frthnework thai Ihe group ptirl1 chariiable compan), 0ra1¢ in and IK)w Ihe gmup aTKi partnl cbarilabl¢ }MpaNY ore pl%iD&i 1th IhL IL'kYl and rtKiulaioTh frnnewO.. inquircd ol'm4nag¢m¢nl, and Ihox chjrgcd with xol.rrn8t¢. a1 Iheir own idcniificaiion Hnd a55essmcnl of Ihe risk.q ofirregulariii¢%. including any Known ¥lual. SLL8FLied or alleged insianees ol. fraud.. discussed mallers aFA)ui r)ComplIance .1117 laws and regul105 and IM). Iraud rni¥lil Octur including a$$Ml thf Wr¢the rim1121 st8menis may bc susccwibk to fraJ. As a result (if ih¢ic pr¢icedur¢% w¢ ccMsid¢r i. musi sigthifiurti laws and regulJiii)ns IhJi hai'e a diTeLI iinpthcl on the rinancial siaiemenis awe FR% 102. C-hariiics M)RP (FR% 1021. Companics Act 2(MI6. C"hdrilies ALI 2011. Ihe parcni harildbl¢ LomiNiny's 8oveming doLumeni and tax legisl&ion. TrA'e rraThi¢d audii PT(>Lcdur¢% lu d¢l¢cl ni?rt- omplianc¢% which Tnay hav¢ o mai¢riJl imp)rl t)n the fin111 81¢MentS which included revie.1% thc financial slaiemLnl.4 bncluding thc Trusc% RcpDrl. Tcmaining al¢rt k> n¢M" i)r unusual It11(ln$ whiLh may nul bc in Jccordance %%iih the go¥¢rning documenis. ins[ing (Orr¢5C¢¢ with k81 ¥thiknriiies and e¥aluaiin8 adviLe rcctived Ironi iniernal and cxicmal adviwrs. 'IIIL mosi significant laws and re8ulsiions Ih&i have an indirth impaci on Ihe financial %lalcTnenls are tho$¢ in rclaiii)n io hLalih and and ¢nviwnin¢nliil wmplianc¢. W'e r[rnIL 1$ rfft1iLUrc% 10 inquire i)I' munu¥L'meni and iknse chur¥ed wilh ¥overnanc¢ h¢rher Ihc group 1$ In thplianr¢ viiih Ih¢g¢ laws and Tt8ulaii0Th5 and In¢ed LiJrreswi(k.ncL Miih licensing or Tegulaior). ¥uihi)riiic¥. The gmup audii ¥n8a8¢m¢ni M id¢niifie4 th¢ risk 0fmaremen1 overridc of ¢onirol% ar rci'cnuc rc¢pgnili(In a$ IhL thrlas whirl Ihl finunci1 slaiLmcnl$ w¢w Tnosl suLylible li) maierilhl missi¥lLmtni due Ic) Iroud. Audii PT(KeduTts p¢r1(IrML inLluded hul wcrL MI limiicd In l&•ing manual journal cniiies i)I1)cr adjusimLnl5 Jnd IwJIutiiing IhL' businLS& raii4)NIL' in r¢luii4)n 10 si¥ThificJrbi. unusu1 iransariions lind Irdny¢li()n% LnlLfL'd iniii ciulside thc normal row5e nt'bw8ineM. review ol-accotln8 p)licies in rel11)n 10 rcvcnuc rcwgniiivn and sampl¢ ie51ing rcvcnuL. All r¢levani laws and TeBulaiions idcntificd a (iroup lth'¢l and areas sus¢¢piibl¢ io frAud thai uiuld have a m¥ierial ¢llirl c<>rtyTrliilaiEyI linantial teMentS Mere comniunicaied 10 comrM)ncnl auditor5. Any in$ianE¢¥ pfni)n- Dipliani¢ wilh lams 4nd id¢ntified and ¢ommuniLakd b). a comwnLni audiior ii'lrc consid¢r¢d in ciur group audil pprjh. A further desLriplion ofour rcswnsibililies for th¢ audil ofthc finala1 stal¢m¢nl% 15 prowided L)n the Financiul R¢FM)rting C"ountil's websiie httpJlww'w.frc.orB.UkJaudii¢JrsTe5n5Ib1]ltI¢s. This dc5rription lorms pqrf ofour udilor s f¢EM)rt. Page 20

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE SCOTT BADER COMMONWEALTH LIMITED Ust of our rt This rLJX)rt is ]nad¢ solcl), io th¢ drItable eompanj s rnembrrs. as a Im).. in XWTdancc with Chapiei 3 ofpart 16 of Iht CorDpani¢% Act 2006. Our audti w.ork. been und¢nak¢r¥ so Ihai 'C might si&ie lu IhL charildblc fuTnpany's Me[nr5 those mallers t are rtquired io $tai¢ io them in art audiior s rert and foi nD other purrrfk5e. Io Ihe lull¢st ¢¥lenl permilled b¥, laN'. we do noi aept or assume resnstb1li. io dn)u*e uihcr than ih¢ chariiable Dmpan> and th< charildblc wmpans s niembers as a bod>. for our #wlil iiUTk. foT this r¢trt)rn. or foi the opinions we hale tornied. Lsr.i LIK A,I,è LLf CJARF.'rii JONF.S (Senior Siaiuion Ali1TI For and on khali'ol'RSNI I IK Athlii l.l.P. Sialulory Audiior C harlered Accoun141nis 'he PinnaLle 170 Midsummer Bouleiard Milion K¢Jn¢s Butkingham5hir¢ MK9 IIIP 4 May 2022 Pag¢21

THE SCOTh BADER COMMONWEALTH LIMITED GROUP AND CHARITY STATEMENTS OF FINANCIAL ACTIVITIES (incOrrat1rtg an income and expenditure account) For the year ended 31 December 2021 Group 2020 £'o(xb Ch¥rily 2020 £'IIIK) 21121 2021 Notx IDrorn from: OthcT trading 4cti¥ititt= C'DTt)mercial Irading otraiiorLS Donation Rentsl in¢ome 270366 197.342 552 33 585 795 24 819 15 270282 187 270,469 21 197.363 253 197.616 Inv¢%iin¢ni incutn¢ Toi•l illtom 589 823 Expenditure o.. Rai%ing lund5'. Conimlreial irnding operations LTh<iTlldble aciiiiiles 1261J411 (J36 1184.6UOI 12591 14081 13301 Ttstl txpedilu 1261 J771 1184.8591 408 330 Ntt infom¢ ¢xcludiNi joini vtnture infomt 8.592 12,757 188 12.945 233 13.178 493 Nt¢ infomt b¢fort IA for tht fi•#•f 11 vt•r 8J72 493 Nel Snrome btforn •¢1 losses o iNves¢menls NL'I 11)&sLs inveslmenls Net itt¢ome 7,6•8 493 .10 7,668 13.178 493 Ofhtr reco%hlsed ilthy I Ilosses).. ALIU41riJl gdin Iin 4J¥lin¢Trd IK'nLlil PLnsion C'hangc in l.a1 i)I'h¢dging inrMeI urretxj Irnnsluiion diftLr¢nr¢$ l)clLTfLd iin Oilier reci)gni5cd gain5 4t)d lox¥es Nt¢ movemtnt ih futhds 22 4.018 19921 13581 756 16.096 7.611 493 Allrihulablc lo the owmer 7.580 Net movelljtwt in fund$ 16.096 493 Toidl funds broughi fonvfjrd Tof•l futtds ¢rritd forwArd 24 I07J54 24 107.254 2.034 1.883 The accompanying accounlin8 11£]¢$ and th)ies form inkgral part of thesc financial slat¢m¢nts. Pa8e 22

THE scorr BADER COMMONWEALTH LIMITED GROUP AND CHARITY BALANCE SHEETS Ai 31 December 2021 Gro•p Charity 2021 £'o Notes 2112J 2020 £"0 2020 Fixed assets Intdiigihle li¥ed assets I'angible fixcd a%s¢ts Ini'e%im¢nl propffly Int¢reyis in joini venivr¢s 12 13 15 14115 272 48.729 49.5 -491 5(1.087 418 41.615 525 615 43.173 49.$ 525 495 525 Ctsrret •sstts 16 17 32,898 49.498 32.421 14,817 19.843 40.531 4n.665 101.U39 Debiors Ca$h al bank and in hand lJ52 265 1.400 Cmrrtxi Ilbillties CT¢ditors= amounis falling du¢ within one )"¢ar 18 59,93J 43.438 42 Ntl turrtnt ¥ytts 57.601 1,539 1.358 TotAI Amets It li•bililits IIM,971 100.774 2.OJ4 1.883 Creditors.. jmounls falling du¢ )fi¢r mor¢ than one V¢4ir Provisions 19 21 lJ66 1.993 6.7.15 8.728 6.902 gs$ttJ x¢ludin¥ penjion $t1 98,9 92.046 2,034 1.883 P¢nsion assel 22 16.796 15.208 Ntt ssets 114.865 107.254 2,034 1.883 Reyerves: Gtntr41 r¢str¥e funds lrtr¥%lrt¥l¥d inLomL lunds 24 114J47 106.722 lJ47 1.366 Desiinied fundj I,dir VJlu¥ R¢8cr%' 24 532 487 517 Non-controlling interest NTrn QonlT(illin¥ inicresi 24 Ji 114A+.S 107.254 2.034 1,883 Thr financial siaiemLniS Ort p48¢s 25 10 53 were 4Jpn)v¢d bv Ik IK)ard ofTw¢¢s on 27 April 2022 and signed on iheir bchall'b). Rob¢rt (iibson I'rusl¢¢ JessiLa Clark Tntt Compny nBmber: 496082 Tlie dccompanving accouniing wlictes and form an inie8rn1 part ofthes¢ financial stst¢m¢nl5. PagL 23

THE scofT BADER COMMONWEALTH LIMITED GROUP CASH FLOW STATEMENT For the year end¢d 31 tkcember 2021 Noles 2021 £'ith £'ooo 2020 £'ooo tt ¢ash provided by operafiwg •¢ti¥itieJ Taxtion paid Net Cash (used Imllttstrttd from •p¢rAilt ctivilit5 25 857 1.63J 17761 19.622 514 19.108 Csh fiows from investiNi •rtfvitieJ Pur¢hJs¢ ul'lJn¥ible assets purcha nl-inian¥ible Pr()c¢eds fTI)rn disp(Isals of iangible [S Dividends Tec¢iv¢d Irom joini veniuT¢5 lrtieresi received 5.6811 12081 43 56 41 187 Nt¢ rash ix ivtJlipt •rtlvllles 112,7191 15.7491 C#sh nows from Ilwneint i¢tivifi¢s RL'LL'IPl& froiii bank IuilD li¢iliiie R¢PlmLn1 ol-bank loans InlLr¢s1 P41id si 95 14951 12,864 .Il¥¢l Ikl'L'XLhangc TUl¢% on LiL%h and lash cquiv8leni$ C'ush und 14Lsh LyLlii aleni$ ui tk. b¢giMin¥of Ihe lear Cash ¢Jh tquiv4kDfJ ai ¢%¢ td of the year 1473 27.666 40.065 26,012 Clsh and ¢aylb tquiv•ltNts ¢o•sist or: ('a%h al bdnk Jnd in liand Ilunk ov¢rdTofts Csh ¢$h equivlt#l$ Af iht of the yer 32.421 40,665 26.012 40.665 The accotnpanying accOlIng wlities and fom w inicgral part ofth¢5¢ finatKial $tstefft 15. Pag¢ 24

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the )'ear ended 311)ec¢mber 2021 STATEI¥IENT OF COMPLIANCE SLyilI Bader Commtsni%'ealih Limiicd is a prii'ate cojnpan!.. limited bN' guaraniee. incurpiraled in F.ngland and 'al¢S and dutniLiled in l.'ngland.'I'he Lompiin) nUmr is 41k82 and the regitted otTice Il'ollaslon Ilall. Wollaston. WellingbOro&h. NorthampiMshir¢. NN29 7RL. The finaDiiJl slal¢menls hai'e been prepared in compliance Hiih Accouniing and Rewrtin¥ bl Charilies.. Sidlemcnl i>f RccciThmended Praaice applicablt 10 thtsTilies prepaTing IhciT ac¢ounis gn accordance '1[h ihe Financial Reporfing .Siandard applicable in thc IIK and Repuhlic of Ireland11--RS 1021- Ichariii¢s SnRI> IFR% 10211. Ihe Financial Repofflin8 Siandard applieabl¢ in lh¢ UK and Republic ot.1land IFRS 1021 tyT ih¢ Lompanics Ath 21Nkn. SiIMMARI' OFSICNIFIC.AWT ACCOUNTIliG POLICIES TIIL principal aLiiiuniinB ry)lsiii> aN>litd in Ihi pr(j¥JIll)n iil'ihctse consolidthed and srparJl¢ fjnanrtal a¢centS are sel oui bclow. l.hese wilicits cunsisi¢nilb applied all th¢ y¢ars presend, unless oih¢n4ise siaied. B515 01 prepriion 'I'hLSL lin4inLidl >lJiLmenls are prepare41 on a 8Oin8 basi5. under Ihe hisiorieal cosi ¢ortv¢rtlion. 0$ MlI1¢d b>, Il M¢r¢ent ofc¢rlJbn financial asseis and liabililics measured ai fair value. The £haridbl¢ &omp4ny cpn$liiules a publie benefit ¢lllit%' as defin bv FRSIO2. The preparuiion ol. linanci)l $idi¢nicDts r¢yuiTe% rhe u%e ofcemain criliLal a¢¢ounling c4imate%. li olso Tequires maiiagenieni I ¢xLrLise lis jud¥¥m¥nl in IhL' procc% i)f8ppli in8 the (ifl)up and Compan) accouniin8 rx)IiciLS. The invcil%in8 d hi¥hLr debiree dl'judB¢m¢ni OT wmpl1ry. or ar8 wh¢r¢ #ssumption$ and esiirnaics are si¥nifJconi io th¢ fiD8n¢ial SI¢MnIS a di8cl()4Ld in Tr)1i 3. Reduttd di10$UrS In aLLI)rdtinLL' wilh l.'RS 102. lh¢ C'hari1% has iaken advinia¥c i>f lh¢ ¢X¢MlIn$ linni the (ollowin¥ disLlosurL' r¢quirLm¢ni$'. 'Lliun 7 'Siul4ni¢nl ufcash Flows. PresenEaiitin thl.? of C-ash Flow and rclttied Mle$ ond dis¢l0$u$. Going ConctrD II'IILll a%%LbSinb the 8oin8 ¢on¢¢m prin¢ipl¢ for Ihc Commonwealth. con$ider&tion$ Dl-lhc Tnjsiccs inclu&. bui arc rN)i liiniied 10 Ihe li>ll()win8 in r¢lJlii)Ti l() SB('l. IhL Finaniial $1110 ofih¢ (iroup as Ji 31 $11)ecLmbLY 2021. Ihe cash w?511ii?n 45 0128 '¢bru#r> 2022. Ih¢ projcaed cashilo"s ond the aJilabilil)' al lieodr(K)m of Ilie lin8t)cin¥ lii¢ilili¢% yrm&% iIiL group. During Ihe litsi quarteri)1-2022 10 dal¢. Ihc liroup has experienced rc$ult$ invlin¢ Miih cxp¢cialions dcspiie ioniinul'd hcadw'inds as * resuli ofBr¢xil implcmcniaiion. survl), chain di$rnoion wniinued rcsiriciions as a rcsuII i)rc'ovii).19. During Ihis challcnbiing period the Ciroup l.¢ad¢rship leam ICILTI h&% 8eneraied for¢¢a$15 to 30 Junc 2023 under a variciy of sLinJriiis. Jnd ihese irt¢lud¢ pJrli¥ulJrl)' prud¢ni. 01 ¢ase (kn Ihe basis ofihL'SL fcirlrasis. IhL TrusiLL% fL'mJin conlideni Ihii the (yrthjp will b¢ 5uI]i¢ienily M'ell ¢apiialised for Ihe fores¢¢ablc luiure. I laling ci)nsidered Ihc fimncial tor¥¢asl$. and dcspiie lh¢ 4)lliicip#ied mxrty¢ronomi¢ dom'ntum as a resuli ol'C"OVIt)-19. Ihe I TUSICCS arl conlidcni Ihtsi the Scott Bad¢r Ciroup. and therefore iht C'omm(mii"¢alih. T¢main5 a going conccrn. and Ihai Ihe results within this docum¢ni r¢pT¢s¢nt a Iruc and fair vtem. orth¢ $111th ofihe liro¥Jp. o¢rounls ar¢ pf¢paTd on the goknB contem 31 GTOYP finAn¢iAI sti¢erne•ts and basil of comwlidatio Thcsc finanLiJI s1CmentS ¢tstrLwlid#i¢ th¢ T¢5ulis of Ihc Clwiiy aThl all its 5ub5idiar>' urwJert'iThgs m*Jc up 10 31 DeLLmbcr 2021. A sutssidiary 15 an eniiiy conirolled by the Ciroup. Conlrol is Ihe piw'er 10 8o%ern the financial aThJ operaling w>li¢ics ot'an ¢niii> so as 10 obtain benefi15 from 115 KllYiti¢s. .ntilies in which ihe group htslds an inte1 and whirh aT¢ioinil> controlled by ihe P and o¥K OT more other i'enlurers iindcr a coniraciual arrdnxemeni are ireal¢d 35ioini weniU5. In the group finoncial slai¢m¢ni4 joinT v¢Mures are for using the equi method. Page 25

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 311)ecmb¢r 2021 Accoui¥¥fiNG POLICIL4 {CONTINUEDI Group finn¢il Stattnseuts aNd b•sis of cottlIdatIOn Itontiuedl 'hL'Ti d subsidiarn has difler¢r¥i accnunling p(iliLJiS io IhL Group, adjuMm¢nts are ma(k to those subsidiary financial sldlL'rnenis 10 dppl). Ihe tiroup s accouniing w)lirics w'hcn wLparing Ihe consolidated financial slalemtnts. All inira-(iruup ITans(Iclion5, bJlaThces. income expenses arc eliminw¢d on ron501idaiiuTr. Adjusimcnis are niade lo ¢ll11{IL IhL prolii or105s aTisiDg (Jn Iransaclinn5 wilh associaies 10 Ihe 1¢1 orth¢ Cyroup $ inieresi 111 the eniity. Foreign cllrrtnry lil l.'unciional and PTcg¢rtlalion currency Thl Ciroup tinancial 51aleJnenlS are presented in erling and rourKkd io iknusartds. Ihe C'harity s funcli(bnal prrs¢ntwn eurrtnc). is the sierlin {iil'l'ransailion5 artd balttn¢es l.oreign ¢encY ITardIonS ar¢ irsns]ated In ihe fun11 currfflcy using the 4M)i ¢x¢han8e raies ai ihe dHi¢s of Ih¢ IrJnsaLlion$. Ai each rrtrind ¢Thd l{>rCi currenLI' momarj ii¢m5 tran51alLYl Ihc closin8 rnie. NDn.monelary itcmg mLdsured ai hisiorical cost aTe Iranslal¢d Ing Ihe exchanBe rale ai ihe dale (Jf tlK transarlion Jnd not).mondarJ' ilcms mLa%ur¥d JI Idir vdlu¢ arL measured using Ihl cxchan¥c ra¢¢ when fair value was deiLThNincd. Fi?r¢i¥n L'xlhgL gdins and Ii)s%es rcwliing frum th¢ s¢iilemeni ofirans¥cibOn% and from ihc iratislyllclll ai ptrI( ih¢ buyer.. th¥ (iTQUP r¢l4Lin5 M ¢onlLnthinB Involven1 or conlml ov¢r lh¢ go(Mls: lel the amounl of rcvcnuc b¢ m¢4$ured li¥bly.' Idi li is probabl¢ ihai future ectsn(ImiL bcnefits will now io the eniily. lil Sal¢ ofgoods 1.he risky und rewards of own¢rship thf detm¢d lo hav¢ b¢¢0 lTrnsf¢tr¢d w.hen Ihe 8oods are 5hippcd io. or pi¢kLd up by Ilic cusiomcr. liil InicTe51 income Inieresi income is recogni5¢d using Ihe elYecii¥e inier¢st ratc meth. l jjjl Rcnlal income RLnial inc()m¢ 15 rxoBrtis¢d on a strnight line basisover th¢ lif¢ of ih¢ perithl. livl Volunkry tn¢ome Vulunidry. inci)mc including (k)nalii?n$. gift5 and grants ih*i provide COTC funding or of3 ger37 nalU arc rccogni%ed M'h¢r¢ th¢re is et)iiilemcni. certainty. of r¢c¢ipi and th¢ amow?i be mcasurcd with suffici¢nt lIabill¢Y. Pag¢ 26

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Decembei 2021 AccoiIKfiNG POLICIES {CONTINIIEDI Employee bttttfits I'hc Group providcs a Tang¢ of btnefiis io emplo!'¢¢s. including antlual 0gemen1$. paid holidai. arrangem¢nts and definL'd l)¢n¢lii and defined coniribuiion p¢n5ion plans. lil Short term kn¢fils ShL)rt lenn b¢nefii& including hL)liday pa). aThJ h¢r similar nomow benefi are recognised ds an eKp¢n$c in Ihe period in u'hicli ihe ser%iee is receii'¢d. lill Delined wntribuiion nSIOn plans The lif()UP OPCTai¢s a number ofLciuntr)"4KYilic defined coniribtslion plans for ils emploi'ees. A deftned L()niribuli(In i)lan is a p¢n5ion plan under iihich Ihe CJri)up pai's fi¥ed coniribulios into a separaie eniity. OnLe ihe ronlribuliilj15 hake ken pdid ihL' (iroup has no lurth¢r pa) meni nbligaiions. Th¢ ¢onlributiuns are recognised a5 an ¢xpcns¢ when they are due. Aniounis noi paid in accrtls it) lh¢ bdlJnr¢ shed. 'lthe hsseisi)f lh¢ plan aT¢ h¢ld $eparnielv from the Gr(iup in i)IdependLrtily admini%iered lunds. liiil l)clined benefit nsION plan ThL Ciri)up oJxrJi¢g a d¢fincd herfil plan for certJin I IK cmploi'ets. Thi5 schem¢ Mas closed to futurl accrual froni l Apr51 2006. A dclind b¢n¢fii plun defines the h¢[rit Ihai the empli)>c¢ 111 r¢r¢ike on relLremeni. u8udllN d¥pcndcni U5M>n sevLTl facloT% including a8e. l¢n8ih of seryirc and remune10Th. A defind bcnefii Pl is a p¢nsion plan Ihdl 15 nol a dcfined conlribuiion plan. Th¢ 4ss¢1 rcc(18nised in ihe balat)c¢ $h¢ei in of Ihe defined kn¥fil plan is the fair value of lh¢ pl#n thss¢l$ Bt lh¢ r¢w>rtin¥ dale Icss Ihe present %alu¢ of Ihc defined benefii obliBion al thc rcwning date. A delined .¢111 Pl( 4S5ei has beL'n recosnis¢d onl). io Ihe exieni Ihai th¢ 8rthiy 15 able lo recover Ihe surplus ¢iih¢r IhriTrugh r¢duLcd LoniTibuiions in the fuiuT¢ Ihrough Tefurmls from th¢ pla# The d¢lined b¢n¢lil obligiilion 14 calculaied using lh¢ proj¢ci¢d unli credit metw. Annually Ilie Ciriiup engase$ indeptnd¢nt Jcluuric% 10 Cdl¢ulJte the uhligylion. The prLseni lalue is d•¢mLi¢d discounting the eslimai¢d fulurc puymLn15 u%ing rnJrka ) iLl¢Js on hi¥h qujlil). CoAra1¢ ih#i 4r¢ dcJv)minated in sicrlin¥ and Ihal h4v¢ lerms appr4ixiniaiing I. esiimJied rIOd thfih¢ fulurc wmenis l-di5WUrtI rJi¢'l. lThc fair valuc o1.plan i1&4CIS IS measured bn a¢rordanc¢ '11h IhL FRS 102 faiT I'alue hierarcliy and in accthrd#n¢¢ wilh the Gmup'$ ]liCI. for simi14brly held &ud$. This includes the use of aryTQWi?l¢ i'aluaiion itthniqu¢$. ALiuJriJl 8ain$ ond 1o$5¢s arisin8 fnjm exwi¢nrc adjuslrn¢This 8nd chan8cs 111 drluarial assuniptii)ns thre Lhur¥L'd (Ir credited Ici oihcr r¢wgnised goins and Ios5¢$. Th¢5c amounts iogthher M iih Ih¢ rclum un plan &8ws. 1¢$$ amoun15 includcd in ncl inlcr¢sl. ure diseli)SL'd as 'R¢m¢asur¢meni ofnd defined b¢n¢fil Jsscl. The cosi ol'ih¢ defin¢d b¢n¢frl plan. recoBnis¢d in pmfjt or10s5 as employee co$1& ¢xr¢pl M'hcrc included in ihe Cosi thf an ei, ¢ompri5¢5.' 101 th¢ in¢rcas¢ in pcnsion benefit liability arising from employee s¢rvtce during ihc wiod.. and Ibl th¢ co$1 ofplan inirodueliDtL%. b¢rI1 changes. cunailments ond 5¢tt1¢ments. The nel inl¢rcsl cosi is cal¢ulaiLd b>. appli'img lh¢ discouni rnic io the nei balanrc ofthe defined benLfii obli8alion ar¥J the tair valu¢ ot'plan ass¢is. This £osi 1$ Trfogniscd in profit or10$5 a5 '1nt¢r¢s1 pa)'able and similar ¢liaTges'. lii'l ()IhLr retiTem¢Thl b¢neli Scoii Bader Franc¢ 15 fcgL¥jred b). Freneh lam. 10 pmi'idc a lump sum 10 emploi'e¢s on reiircmeni. b&8cd on Itneth of scrvice with lh¢ ¢tnpliiN¢r. The proi'ision is calrulaied Kcording i(1 French 8o1'¢mm¢ni assumpi11)ns of life exp¢danrv and a 51andaTd discouni rai¢. The provisiorb is arplied 10 ikns¢ cmploye¢5 1th Ics5 Ihan 15 ye4Ts until rclir¢mcnl becal¢ i1 IS assumld thai some emploTr¢¢s will l¢ave before rcachin8 r¢I1Ment agc. (%.) Annual bonus plan 'rhe Group oTaleS a numtT of annual iK)nus plans for empli))ee5. An expen5¢ is recognised in the profil ar loss accouni hcn ihe (yroup has * legdl OT con5trurlii'e obligaiion to mak-c pa)'m¢Dt% under the plans as d resuli nf past ¢v¢nis and reliable esiimate ofih¢ obli8gtion be math. Page 27

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 t)eeemb¢r 2021 ACCOllTrtriNG POLICIES Icof4TIP4UEDI Govtrnment gThnts Go%emm¢ni grants are recognised ai the fair value olihe &5sffl received OT receivable when the is r¢ssL)t)abl¢ assuron¢¢ ihli Ihe grani condiiions %4'ill be mei and Ihe grdni% 111 ILeii'ed. A granl ihat SI¢7riLS perlom)anc¢ condili()ns is reeognisd i inrntnL' Iih¢n the p¢rfomianc¢ iondilions are mei. 'h¢re a grdni does JK)I s[1 rrn71Ce Coj11105 11 1$ recognised in inLnme 'hen thL procea5 are r¢¢¢i%'ed or rcttilablc. A grant r¢cebved kfore Ihe TeC(kgiiilioii LILiera ar¢ saiisfi¢d is recognis¢d a$ a liability. T4x#tion Taxation L'xpense tor Ihe puiod romwises currem aThJ d¢ferred lax recogni5ed in the rqrtIng periiyj. T&x 1$ T¢¢4)lS¢d in the pri)fil JDd Ii?ss COunt. except th¢ 1¢1 thai ii relas to ilcrDS in oikn recognised g(11 ts1 losses. In Ihi5 rJs¢ lax is also included in oih¢r recolS¢d gains and105XS. C.urrLni or d¢'lcrrL'd iaxuiion as5¢t$ liabiliiies are rKbt disrounl¢d. lil C'urreni la¥ Ciirreni lax is ihc amount uf ioMe iax pay8ble in set ofihe ts¥ablc profil for the lear or Prior >'cars. Tax is calculated n Ili¢ basis ol'i&x Tales and law$ Ihol liai'e bttn eThacicd or subsianiiiely enacicd by t ptttod er¥J. lill Deferr¢d lax Ik.ILrtL'd tax ori%es liming differences Ihat aTC dift¢rtyK¢s betwttn i&Nable profits and toial nel incom¢ 45 818ied in Ihe rinaniTral siaiemen15. Thc>¢ liniin¥ dIlTert.tC9 arise from Ihr in¢l10n of inconie wid ¢xn$t$ in lax a$5C5m¢nis in pLriod% dil'fiY¢ni Irom ilM)se in M'hicli Ilw we recognised in linan¢ial stsiements. D¢lL'rred lax is rcci)gni5¢d lin all liming difftrcnces ol Ihe r¢nIng dale. Ilnrclici'cd losses and oilicr d¢lerred lay &%ye15 arc i)nl>' riru8nLSL'd ii'hin li is pN>hJbl¢ Ihai Ihe) Wbll b¢ r¢rov¢rd againsi lh¢ Te¥'ersal of d¢f¥frL'd Idx lidbilili¢¥ 4)r thiher fuiurc laxablc profjts. Dcl¢rred tax is meu%ur¢d usin¥ raiLS and181I5 lh hav¢ b¢¢n enaaed OT sub51anliv¢ly ¢t)acicd by th¢ pu¥)d ¢t and Ihul ar¢ ¢Xted li) apply lo ihc r¢v¢TvI ol-IhL timing d11T¢r¢e. ByslnJs tombinAti011s Jd ioodwill Busin¥s$ rombinaiions 4Kcounl¢d for bl al),1n8 thc purrhas¢ method. I'h¢ ¢()si ol'a bu4inc4 LombiDalion 14 ihe ftsir valuc of Ihe wnsidLYaiiÉTrn gii'cn. li4b¥liiie$ inturrcd or assumed and of equity inslTurncnl$ issued plus the LOS dircdlv altribbje 10 lh¢ bus1r rombinaiion. wh¢ wnlToI is achievcd in $ta8c$ the ¢4>.si i.¥ Ihe Li)n$id¢r?iion ai Ihe d&ic pr¢h tran11thn. On 8cqiii%iiioiI ol'a busin¢$5. tgir values are 4iiribuicd its lh¢ ideniifiable w¢t%. li4bilili¢$ at¥J eonlingcni liabilities unless thi [1r valuc rJnNTri bL' measuT¢d r¢liablv. in .hIch 5¢ lh¢ i'alu¢ 15 incoqxifthLd in ¥[dlI1. 11.'hLre Ihe fair valu¢ (If coniingcni liabilili¢$ canth)I be rcliabl) mrasurd the). ¥rc discloscd on lh¢ SJML basis as (Khcr conlin¥¢ni liabiliiics. GO4111 r¢co8nisL'd reprc5cnis Ihc ¢xr¢5$ of ihe ftsir value and diTrftIv oiiributsble cos15 of th¢ purchase considcralinn o%'er thc lair valu¢s ihe CITOUP s Intet in ih¢ idlIflab1£ liabiliiie.s ¢onting¢nl li#biliiiL% thc4uircd. OTh acquisiiion. goodwill is allorated 10 ca¥0¢n¢rthyng uni151-CCill's l thai are io benefit Irom lh¢ rombindlion. Gix)dwill is amorti5¢d ov¢r 11$ expecicd ir1 lil¢. W'herL iht liroup 15 iinBble lo make a TLliablc ¢51ime (>l-uscfiil lifc. 84xKlwill is amortiscd ov¢r a Tiod noi cxc¢¢ding S ! r. (i(MMlwill is ass¢ss¢d for impdirnicnl yh¢n th¢T¢ are indiiator% ol. imp3irmcni dny impo1¢1 15 chdrycd 10 Ihc iTKom¢ sN¢ment. Rcwcrsa15 ofimpyimieni are recognix¢J when the rca.ion% l(IT the impairnhcni no loThg¢r appl>. Intn%iblt Xssets IDian8ible asscis arL slaied al rosi l¢ss Mla1¢d amorti5ation and aUmulated impairmeni loss¢s. Amorlisaiion is calculal¢d. u5in¥ the SiPdi¥hi-line m¢tly)d. to allots£ the dcFreciabl¢ amount olihc assct5 lo th¢iT residual alli¢S Over Ih¢ir esiimaied us¢ful live5. of up 10 10 )'¢ars. in lin¢ M'ith ihe Direthor s a5swsm¢ni of Ihc k'ncficial P¢Ti(MI. Page 28

THE SCOTh BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 DeceTnlK'r 2021 ACCOUNTING POLICIES ICOYTINUED) T4ngiblt fixtd ajsets d dtpreciatio Tangibl¢ a55tli ale siaiLxl dl Lclsi 1¢ss ac¢umulated deprecI10n and accthnulatd impairnent1055es. Depreciation is calLu[si, using Ihe sirai8hi-line m¢ihod. lo allijcaie Ihe ¢Jepreciable amount of the asse 10 ih¢iT residual i'alues oi'et iheir ¢51itnalcd usetul lives lil l.#nd & building Land aiid buildings tsre slaicd * Cosi lor deemed cosi for laThl and buildings held al valuaibOTh ai Ilie dale ofiran$ilion lo FRS 1021 dc¢utnulal¢d d¢pr¢ciaiion tsnd acCumlI1ed impaim)¢ni losses. .easehold pri)perties tr¢ arTri)nis¢d in equal irbsialments over the l¢wr oftbe uiieipired ierni of (he relei'anl l¢aw (IT fifiy years. exr¢pl ihdl prcmiums paid or re¢eii'able lh¢ orquisiiipn of lcasehoid tq)trties applicabl¢ lo r¢Thtal knefi¢s are wriii¢n off 0er Ih¢ Tid 10 Ihe firsi open mark.cl rcDI rc%'icM'. lill Plajii and macliin¢rv and li¥iurc& fiiiings. k)ols and equipmeni Pldni Jnd mJLhin¢ry lind fixiure& fiiiin8& 10015 4quipm¢nl ar¢ ai com less acLumuloi¢d d¢pr¢riation 4Liltnulai¢d imp)rMent losses. liiil tkpreciaiion and rc5idual values Larmi 1% ryul dLpr¥Lialed. IkwTttiaiion on 0ihLYaSW% 1$ ralculalcd. u51118 Ihe Tai8hi-lin¢ m¢thod. to allocate the depreciable amouni io Ih¢ir rlsidual Values th¢ir ¢sliTnaid useful liles. as follows.. Freehold buildin8S Shi?rt l¢J51hold land and buildin8S Pldnl and LquipmLni Moior Vehicles 50 IL'ars oi¢r Ik lus¢ prriod 3-20 )'¢a¥s 4-5 ycws AssLlS in Ihe ¢i)urs¢ ol.corislrtion aT¢ Aaied ai COA. Th¢s¢ a&%¢ts wc rwl dcFttciaied uniil they are availabl¢ f(>T USC. L¢#sed issets Ai inLLpii(In IhL Ci¥oup wesse$ agr¢¢menls thai transfer Ihe ri8hi 10 use assth5. Tlic asse55meni consid¢rs wlidh¢r th¢ arran¥Lmeni t& i)r nth1n% 8 lease based on the substan¢¢ tsfih¢ arymgmenl. lil l.indnLe ILased asets Lta8e5 01'#ssL45 that Iron51¢r $ubsianiially all Ihe risks and th¥#rds inrid¢ntsl 10 ownership are ¢1os$ificd 45 fjnancc IL85C5. inunL¥ I¢u5¢5 capiiJlised ai ¢omm¢nr¢m¢nl ofihe lease as assers at lh¢ fait Wal of Ihc Icas¢d asscl (Ir. ifiower. Il prLscni value ot'ihc minimum Icw¢ pa)'Dienis ralcylaied using ihc iniereA rai¢ irnplicii in thc Icasc. Wh¢r¢ lh¢ implicii raie canTh)I be delennin ihe liroup s incremen] h)rmwin8 f81¢ 1$ used. Incrcmcnial dircci COSIS inlurred in negiiiiaiin8 Qnd drranBing Ih¢ l¢as¢. are In¢ljed in Ihe eo%1 orth¢ 9s5e¢. AS1 d¢pr¢ciatcd oi'tr Ihe shoncr of ihe 1¢8se ietm ar¥J Ihc cstimatcd useful lile ofihe ass¢l. A55c15 are assessed lor impairment ai rcp)rtinB dtti¢. ThL ¢JPlidl elemeni (>f Ic35¢ obligaiions is rccorthd as g liahilil>' nn ittr¢plion of Ihe aTrnnBemeni. Lease payThents are upporiinn¢d bclM'¢¢n capiial Tepa) mtni and finCe charge. using Ihe cffeciiie initttst rale mdhod. tn pmducc a ci)nsiJlll r4te nl'¢hargc oa IIK bdldnie ol" Ihe Lapilal repayr¢S ouisianding. lill (hx'raiin8 Ica5¢d &ss¢1s ihal do n()1 ITlS1¢T all Ihe risks and reward5 4Trf ownmhip are classified &$ operating l¢a%$. Pw)'menis uThkr operaling lease5 are chargcd kn ihe profit aNI lo accowt on a strai8111-lint basi$ oi'er p¢riod ol'ihe le. lrtcenlivcs TeLei%ed in enteT inio a fIrn¢¢ It redute the fair valu¢ of the &ssCt and art inclded in Ihe lcUlation or p5¢1 ialu¢ ot minimum least pa! met)ts. Incentives reLei%'ed to ¢nler inio an owaiing lease trrdiia to th¢ rvofii k)ss actouni. 10 t¢thJr¢ th¢ lease expense, on a Slraighi.lin¢ basi5 Ol'er ihe rri1 of Ihc Ic&se. Page 29

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For ihe year ended 31 Dcr¢mtv 2021 ACCOUNTif4C POLICIES ICONTINUEDI Invt5tments Charill Inwesim¢nl in 5ub5idiarics aTd joint i'entures are held c05t1¢55 Krumul•¢d impairment losKs. Group InvLstintnis in joini enture.4 are al¢d in ihc grvknp balaftce sheei ai Ihe group'% shJrc ofiheir nei assets. Thi. group's shate of profits less 1055¢5 of joini is inc]ILd in Ihc group ement orriDan¢ial aciiviiies. Stotks Sii)Lks aTL S[alL ai lh¢ lower of c051 and ¢im31ed selling price kss c4>Sts to sell. Stock5 3re rctognised &8 an expense in Ihe rIod ID which the relaied revenue is rerognis¢d. C'osi iq daemiined Ihe firsiin. fLfsi•uuI IFIFOI meiho& C'ost irKlu(k5 Ihc purrhas¢ price. in¢luding taxes apd duli¢& dnd Iransp(irt handling direcilv &iiributabl¢ In brin8LII8 the io iis pre5eni location and c()ndiiion. The wsl or Manufactur¥ finished g¢M)ds includes d¢sign w5tS. Taw mai¢ri¥ls. direct laknur and othcr diTLrl ¢o$is and reled produLYion oi¢rhcads IbJs¢d on n4brnial operaiiThg capacilvl. Al Ihc ¥nd (if tL'P)rting riOd 0¢k ar¢ for impaimieni. If an iiem of si(Kk is impJir¢d. Iht ideniifild block 15 reducLd li) 115 Selling pric¢ Icss ¢osis 10 complffle and sell arwj an impairm¢nl rharg¢ 15 reo)giiis¢d in th¢ profIl li)ss aLLI)iini. Where a rcycrsal ufihc imPiiim¥eni is required Ihc impainDcnl rharg¢ is reversed. up to the iiriginal impairmeni 1(1ss. dnd is rL'LI)¥n¢sLd as a rredil in lh¢ profit )d10ss a¢couni. Csh ind cash equiv•ltDts CJ&li and c1¥17 LquIa)enl% iDclud¢s c48h in hatml. de$Its held ai call wilh bks. oth¢r short4e liighly liquid iDi¥>lmrnls %siih cirib>inJl mJiuriii¢s ol-lhrce monihs N 1¢%8 and bank overdrafts. Provisiohs d tonliie¢iu Pr(ivi%iiin% are rLI)gnised when ihc CiTh)up ha¥ J ry¢s¢ni It81 or ¢wiMruilii'L obligaliiJD 35 a t¢suli ofpa%l Li'enl$'. il 1% pr(Ibabl¢ IhJl un i)uilh)w lif rnsour¢es will be required 10 s¢ttl¢ thc ohli84ticin'. at)d ihe amouni ol'ihc Iihli8olinn ¢un be LiiimalLd rnliahly. Wh¢r4 Ih¢r¢ ore J number ofsimilur oNi8alions, lh¢ lik¢lihrKMA ihJi an ouifluw .111 bc T¥4UiN.d in seiil¢mL Thi is diliniiin¥d Triy In5id¥ring ik Lla8% ol'obliBations as a wlM)Ic. A proii$iork 1$ r¢¢o8nised even ifthc llkclil)d ol'on auii&)w willi Tespeci lo any 4Trn¢ ilim irbclud¥d in m¢ class ofobligdli4>ns miBhi bc small. In partirulor.. l¥) RLslruciuring provisitsA8 fL' reLci¥nis¢d Mhcn Ihc Gn)up ha¥ a d¢knilL& fibrnial plan flir Ihc r151ruclurin¥ 8nd has rdiscd a valid exrKiaiion in Ih05¢ all1¢d by eiiheT.sianing 10 implcmcnl Ihc plan or ann(iuncing its main l¢atur¢5 1 Ih(>se aileLI¢ gnd IhL'reli)rL hJy a legul or constr111.¢ obli8allOtI 10 carry out Ihe re51rwturinB'. and Ibl I>T(}Vi%ii)th is rH)i madc (or lulurc OTatIng h)58es Pmvisions are mca5urnd al th¢ pr¢s¢ni i'alue ofihe exTxndiiur¢5 r¢qvired 10 selllc ihL' obliyiion using o pr¥-lUX tOlL Ihal rtflL'LIs currcni maTk¢l as¢15 of th¢ iimt i'alue ofmorK) and th¢ risk5 $ifiC io Ihe obligation. Th¢ inrr¢a%¢ in th¢ provisinn du¢ 10 passa8e of lime is recoKni5¢d a5 o finatrv rtrsi. lill Coniin8enLi¢S ContinB¢nt liabiliiies are nol Ttto8niKrl those ¥quired in a busincsj combination. Coniin8eThl liabilities ari5¢ as a result of pa$1 ¢vinls wh¢n lal li is not PTobThbl¢ Ihai there will be an 011011 of SOUr$ Orth iht amouni Cannol be T¢liJblv me#sured ai ihc rewrting dali.. UT Ibl wlk'n ihL exisl¢ncc will b¢ ronfimied by the i)cCUrrer or nOT(rren¢ of wKertain fuiure events noi %1"IllY wiihin Ihe JNIUP 5 timirol. ConiiTh8¢nt Ibabilit1¢5 are dts¢los¢d in the financial s1Cle1 unl¢ss ihE likelih4MvJ olarb oultlom. of KsourGe5 is T¢nioI¢. Coniingeni ats not r¢cognis¢d. Contin8eni assds ar¢ disclos¢d in th¢ filwl#l $LeMentS when inflow of eronumic n¢fi15 15 prvbdblt. Fin*n¢iil instrument5 The (ITI?up has Lhosen io athrA S¢ction$ I l and 12 ofFRS 102 in rGspea of fiTbanrial ins¢ruments. lil Financidl asset5 Basic financial asset$. including trad¢ and other receivoble& c&8h znd bank balallc¢s and inve51meni5 in commeIal paT are initially r¢ro8nised ai Ironsaciion price. unlw Ihc arrangemeni consiiiuies 8 fiThanciThg transaction where P4g¢ 30

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year eDded 31 IkCemr 2021 ACCOirNTING POLICIES ICONTINIIED) FinantlAI ihstrumtnts Icontih¥tdl lh¢ transaction is measured di the PrenI i'alue of rhe fuitsrt rrc¢ip15 discounted ai # mkel rale of inieresi. Such a58eis are subscqv¢nil)' carried ai amurtld wsi using Ihe tffecliv¢ int¢$1 me11KJ. Ai ih¢ ¢nd of¢aeh tcJx)rtirtg rIOd financial assets mra>ured di amortised ¢051 assessed for objetiiv¢ ¢vidcntt of impairmeni. Il'an &%sei is impaired Ihe sm1rmenI lo&s is Ihe dityerence bciMe¢n ihe carrying amounr ond Ilic pre5eni value or Ihe esiimaied ca$h Ilow's discounted ai tssd's original eifeLlivi inl¢r¢st rate."Ihe impaitm¢ni IubS is recognised in prufil or loss. Finaniial asseis are derec1)gnis hen lal Ihe coniraciual righis ¢0 the cash tloy's from lh¢ a55d ¢¥pire or are srftled. Dr Ibl subsitsthiiall}' all lh¢ Tisks and reward% of lh¢ oiYner%hip ofihe Jr¢ Iransferrcd 10 Brnih¢r port). or Icl despite having rctsined sonie Sibynilirani risks aThl rewards vfowmership. conirol ol-iht 055d ha% been Iranslerred 10 anoih¢r pan> Mho has IhL prathical abilii) 10 n1111LrJl1%. s¢ll ihe assii 10 unrcliil¢d third P&irN' wiiliuul impo¥in8 addiiional restrictiOn8. R&%iL linanciiil liahiliiie%. including Irad¢ and oiher pa¥able5. barkk Inans. loan4 fT()m fellÉ)14" Cjruvp companies and PT¢lrrLncc shttres Ihai are classified as Ilcbi, Jr¢ iniiiall) re¢o8t)iSL'd si irJnsaciion price. unless t ¥rrang¢meni conslllule$ J finiincing (ri11(110Th. where Ih¢ d¢bi instrumcni is me&sur¢d ai PT¢s¢ni %'alue ofih¢ ftsiur¢ Tcipts dt5counkd ai a markci rale ol. Debi insirumcnls are subwuenity cthrried ol amortised co. u$in8 the effethtve ini¢resi rJk nieihod. lJill& ul"exchang¢ ar¢ ¢08Th15¢d ai f4¢¢ value aTwJ recorded ai amtsrfised Eost until Ihe dale ofmaiurity and ihL pa)meni aguinsi ti is realis¢d. 'I'rade irediiDrs obli8olion% 10 pa). for8ThMJs or sm'iccs Ihai ha%'e been a¢quiTed in rhe ordinary wurk. (Ifbusiness fmm supplicrs. A¢c()un15 ore ¢1ts55ificd 45 liJbiliiies il'pHim¢ni is due li iihin onc J¢¥r or IcK4. 11'Th)i. Ilie). llre prL'senied ni1n.LuLl liJbiliiies. I'rad¢ cT¢diiors are re¢o8nised inilially Jt Irdnsaciion prire and sub5cquLIIY m¢u$ur¢d ol mnniscd rosl usinx ihe ellvLliY¢ inlcr¢51 Mdh(l. Ikrivati%'¢$. inrluding inlcTesi Nie $w#ps And for%4ard forei8n ¢x¢h4n8¢ contracis. are rKTrl basic tirbcial insirumeni$. Dcrivaile5 arc inilialli (1•s¢d 81 fair i'aluc on da 8 der1¥1¥t ct)nlT#¢I is cnierLQ inl4) and ur¢ subsLyuenil>' re- mcasurcd ai Iheir lair valuc. Changes ith th¢ lair valuc ot'dcrii"aiii"es ar¢ r¢glscJ in profil or loss in finance ci)ilS or lInCe inLI)mL' appr()priJl¢. unlcss Ih¢v dre itsrlud¢d irb a hedgin¥ Jrrangem¢nl. in which case i) ITOW Ihr()U811 ()IhLr CDmpr¢h¢nsiv¢ Income. Financidl liJbililL¢$ ar¢ d¢rtto8nId lh¢ liabilily is exiin8uish¢d. th4 is 'h¢Tr the contrn¢lu41 obligaiion is diKhar¥cd. canLelltd or e¥pirc Findllcidl asseis and liotriliiies are offset and lh¢ amounis Presented in Ihc financial siaiemen15 Il'hen th¥rc is J ILgtill)' enli>rLcublc right 10 5rf 011'ihL' recosnisd amounls and Ihcrc is an inl¢nlion lo satlc on a nel h8Si5 or 10 rcaltsc th¢ a55cI ond ReseAr¢h Ind developmeD¢ costs Explndilurc r¢%earch and dL%elupm¢thi 15 as itKLLrr¢d. Fund &¢¢ountinr (ienlral I"Iinds are unr¢strid¢d fiutds whi¢h aye 013ilabl¢ for use ai rhe dis¢rdion of thc Tntt5 in fJrth¢rance of rh¢ gcnerdl objttiive5 ofihe Charity and M"hich havc rK>t desiBnaied for oih¢T PUT5. D¢sign¢d funds comprise unrestrird funds th have beth s¢t a%ide b). the Trusi¢es for particular pUrSe$. Ifapplicabl¢. Ihe aiiii and use ofuch (ksi8naled fur is sei out in the notes io the tinancial siaiements. All lunds are gLmeral exc¢pl for Ihe lair value rtsen"¢ Mthich 15 a dcsi8naitd tund. Resour¢t$ txpttsded ExpLmdiluTL' 1% r¢cognised 'hen a liability i5 incurr¢d. Contraciual arTang¢menis are re¢otiSed as goods or service5 are $uppli¢d. (hh¢r Wdymenis are recognis¢d when a ¢strclIve obligwion arises that trsults in the paymcni being unavoidable. Page31

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021 Accouf4TING POLICIES IcoprriNUED) Resourtes ¢spendod Itohtinued) C'o.%15 of g¢n¢raiing fun(Ls are It$¢ incwred in irading gclivili¢s thai raise fLmds. ChariLLble a¢111 Iiies in¢lude exlire associaied with the Commonwealth. (iovernance c(Isis includ¢ ih05¢ in¢ed it) Ik 80%'ernanceof th¢ Charii) a] its a55¢ts and ar¢ Primarily i5¢11t41 with £onsiiiuiion&l and $ialutot) requir¢ni¢nts. Ch&iiablL donaiions ajxl grJnlS are accounied for in thc ol"pa>m¢nl or when apwoi'ed and thL' rccipieni has b¢¢n inforniLd in Mriiing Ihal th¢ (k>rbaliOn is io ma(k un¢ondilionall>'. allKiI ihal pal'meni may be ITh a fDllI?wing aecounling p¢ric?d. WhL'rL 11 has ken agr¢¢d 10 make such uncondillol donsiions OT gr4nts ID charity in >¢ars this is included in thc J¢wunlS as d liabilily. InvtsfmeDt property InvLsim¢ni pro1¢% Jre initiall) recogniscd which includes )51 and an> dire¢il)' diiribuiable expcndiluTL'. InvLsimeni propertie% are rarri¢d fair Val with clwngcs ith f¥ir lalue being r¢wgnised in oiheT r¥wgnisLd 8&iins and li)<9 Ihrougih th¢ Filtr Value Reservc. CRITICAL AccoiINfiNG JIIDGEMENTS AND EsfiMATION UNCERTAINTY E%iini4ili% dnd.jud¥Lm¢nls cuniinuull) evaluaid 07MI are on hislorirol exwienc¢ oth¥'r fwors. including exp&id111}n¥ ol" I"uiure cvlnls thai dre bcliei'ed 10 bc woybnable urthr Ihc CiTcuiii$iance5. Criti¢#l 4cfouA¢in# ¢Jtimies And •ssumpti0•s TIIL Crr(iup inake4 csiinialc% abwmpiii)n% lotMIng Ihe luiurc.'lknc $7118 a¢)ni18 ¥4liThaie% M'ill. h), dcliniliun. SLldn% tsrL TLYiigni5¢d wh¢n the (iTOUP has a le8al OT cons¢rudive obli8aiion a rn%uli Éil'ps1 Lvents. il )% pr()hablL' Ihui i)uiflo%Y ol'resources will bc re4uircd io scltli Ihc thbli¥siion: and ihc Dl'ihc DbligTruli¢in b¢ ellimuied rnliHblv. I'hLSC prov15ion$ require managcrn¢ni'% b¢ tlma1¢ of Ihc ¢ts$15 th will IThcu¢d b3sLd on legislalii'c and cDniraciu81 rLyuiremcnts. In addilion. Iht liming ol-Ih¢ cash flows arwj ihc di5wl rot¢s used io establish nd prescnl value ofih¢ obligaiiiTrns require managemeni-s judg¢m¢ni. Itiil Ik.fJn¢d tertI pension %hrme 22) I"IIL Ciriiup ha% obliFJll(Ins 11> pa) nSi[ tter115 10 Ccnain ¢mploy¢ty The CO Of1¢$¢ berI15 and th¢ PT¢ni waluL• (Il'ihe oblibiaii(In depend on y nwnbtrof ra¢T$. inrluding.. life eXrIan(y. 19Th. itKreaK5. a5scI alual10nS and ihc disrount raiL' c)n ()rp()raie }nd.%. Mana8¢meni eIMal¢S ihe5e fiicIoTS in deicmiining Ihc D¢1 pensi(Jn obli8aiii)Th in the balance sheci.'I'h assvmpiions rcflcd hi$tori¢ol exrIenCe and CUTr¢nl tmJd& livl Acrruals for cusiom¢r claims ALcrua15 arc mode for cusiomcr claim4 lo the exiem Ihat Iky 4r¢ ¢xpe£ied io bc payabl¢ bo lln ilie historiul pdtttrn oftttsiomcr claims an) kmm'n uninswcd Er{x1 liabililv. Pag¢ 32

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 tk¢cmkT 2021 ANALYSIS OF TOTAL IP¥COME Cyroup Charity 2021 2020 2021 £'OOO £'OOO £'OLK 2020 £'ooo Noie Fxiemtil IurnuiLY vfscuil BJd¢r compar.. Limiid Jrbd its subsidiaries (PDvcmmenl ¥rnniS Rertial incum¢ Inv¢31meni income tlonaiion Irom Seoil Bader Companv Limiied 170J67 196.700 642 21 253 15 187 33 24 795 823 270,469 197.616 • A¢ross lh¢ l*rothp. pa>m¢nts litim ¥ovrmmc#i kn romprn5aie ¢mpIo!fTS (ot pan o(ihe siaifco#s of ¢mplo!'ees plac¢d oft fiJrlou8h. or siihilor 5uLh sc]K5 In 2D20 thich wa% Subsequen} ryid or &al¢ io ¢hl) In 2021 INVESTME1 INCOME Group ChJrily 2021 £'o( 2020 2021 £'o 20211 £'D(MI Iniet¢si r¢¢¢i%abk ond $imil4r in¢pme 187 187 253 253 ANALYSIS OFTOTAL RESOIIRCES EXPENDED JTOUP 2021 £'ooo 2020 2021 20211 £"ooo Siall'LIISl% linrludin8 r¢loi¢d ¢osi$l (Mh¢r Irading CO%ls C.haTiIHblc acliviiie5 40.947 220.564 JJ6 261,877 37.65CI 146.944 25 184.859 330 NET INCOMING RESOIIRCES Cir(iup 2021 202L) £'ooo Nei incorning resources is ted 8fttr ¢h¥r8ingthr l¢r¢diiin8) following it¢m$: RL&Ldrch #ind dtielopmeni Dcpr¢¢ialinn DTLd amnrtisalion .ossIIProfill on di%p)5al ofiangibl¢ &%5¢15 Reber5al iTrfimpaimicni ofirade rttei%'abl¢s Impairryicni ot'?nvcni0ry OpLrJiin¥ leasL charge Foreign exLI1¥t gai Atsdilols rL'tnuTheralion'. Fc¢5 P3)'abl¢ lo lh¢ C hHrity's auditors- for th¢ audit ol-Ih¢ Charity s financial $iai¢mcnis for th¢ audii ot'ihe CTharii)'s substdiaries her nOn-1j11 fees 3,815 3.250 5.410 (147 1421 21 1.377 1431 1,416 14611 38 Joi 144 20 194 The audit ftts ofih¢ Charity itself are paid by kou Badcrcompany Limiied. Page 33

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 tk¢anb¢r 2021 INTEREST AND SIMILAR ITEMS Group 2021 INteTt51 p¥y¥bk ttd similar thryes: 2020 Initresi ¢xpense on b&nk low ar ov¢rth#fis Inieresl cxp¢n¥e on oiherlotirts I'oial inieresi exttn5¢ on linarla] liabilili¢s mt&wred w lair valuc through profitho&s Tolal inl¢r¢51 Yoble and similar charges 89 92 96 96 EXPENDITURE ON CHARITABLE Acr1v1 Th¢ SL-i)11 BJd¥r CurnThunwtJlih Limited has d trf)lii)' ofniakir¥8 granls lu ur8ani&aiions and rwi indsviduuls. IntoallOn atx)ui Ilic rhariiablc donalions Igranisl math by The Ba(k'r CnmMon'ea7lh l.imiied is gii'en bel(>.. A$ )dvisLd idrlier in Ihe T()rt. lunds ar¢ rry. a%ailJble 10 all Ihe compiini¢$ in Ihe SL-(111 BJd¥r GTh)up Iprup)rtionJie lo tl)e niimbLr Dfwple emplo)'ed ai eKh Iocaiionl. Vill $mJll (Thdrii) thimmiiie¢s lil'ihe) LtM¥)SLI Ihcy Ih¢n ¥ubrnii dppliL81ions vka th¢ grani mJnaEL'meni i(iol ()PTIMY. Mhich M'as intr(Kluttd 14) simpltfy and $ircamline ihc granl making pru¢¢&s. I'he'fruslees are 'ar¢ Ihai 50m¢ lo¢¥iion$ w¢fer io the sDmc chariticsyn ye¥. bui considcr li is accq)lable Iv form Ic)ng iemi relaiionship5wiihthccharili¢sth41 Ih¢v ¢thTh%iderare lookin8atlcTihe M'¢IfaOfthOse less fortunthie in the communilics wlierL' Ihcy owate. Page 34

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Dte¢tnber 2021 EXPENDITURE or4 CHARITABLE Acfiv ITIES ICONTINUEDI 2021 £'ooo 2020 C-ommonwe¥lih Commuknify Hardxhip Fund £IO,IKMI_ Att Afrit- Providing ire¢ se¢dlingi for 10 Sch(1$ irb IITcMern KLmia Iherefor¢ improvin8 Ilic liing-iert)i nutrition Jnd ii'ellking 015tM) ehildrcn. £2.69S_ Attion for Kids-'lo lund an ¢nipli)iahilili woj¢ci Inr pupils iih Skkcial ¥ducaiional nttds and disJbiliii¢%'. £4,(- Afro Briilian Arts & Culturl ExthaDg¢ Iw¢itte- I"0 fund an ¢ducaiional progfammL' io improi'e the qiialily i)l-lile of>oung wple from disadJrbiaged baLk8Tuvnds in l.oThJiin.' £2,[- Awaken lffji't for Afrit- To suppon 13 famili¢$ lo become sell" su1¢1(nE bl. niaize gn)ii Ift In Kcn!J'. £4,464- Biby BAsi¢s-"l o prciiidE new slarter paiks for mums in r¢{j in NonhaMonhirL'. £4.000- Bloomihg B10550ms Tru5t- lo fund teaiiires of # sensoTh' garden for childrw i%iih learning. behaviiiurdl eiTllllii)ndl dilli¢uliie% in l.i)iidi)n". £4,000- car5 M'orldwidt- Providing menial health %upw)ri tOT edTLYS jii India.. £3,12fj_ CILri4lel House SA- l.'un¢Jin% li)r hnOl urbifonns and a fLYding progrnmnie in knuili Alriia; £4,O¢KI- Cl•ptoH Common Boys Clryb- >.)¥.trig 45 IM)ys agcd 13-16 years 10 in Jn IT and basi£ fuThllional sk'i115 SiIPkXlrt pTr)&rJi)IlllL in l.i)ndiin." £4,0110_ Cont¢t-'lo suprrt famili¢$ M'iih di44bled children in UK.. £7.IW DIbIt Silors A550riit•on- Sliprt tow'ards Ih¢ir rnre cp%is. Ponsmouih. I IK.. £250- FoMdtioh Rene I trrier- I"() %iJpsx>rt iemiin411) ill PUliL'ni% and Ihcir lamilies irt I)rumi?THlYilli. l aiiJda". £8,IJIN)- FoodForwrd- I'uThlin¥ lo proi'idc mLals fi)r fiimilic.q in wi'ell) in S(iuih Africa.: £l.750- IT Srhooh Afri¢4- 5Up5rtinS siudcDl% in Malawi in guining i'ocaiii>nal and ¢nireprcneurial experiencL.. £4.1m Just kiddinz- I'uDdin8 afier %hikil aclii iiies li)r Sb.N &hildr¢n t dei'elop Iheif socidl Jnd Lmi)iionJl dei'LliipniLni in IAJndon.' £2,510- Liv#bility- R¥nciYalii)rb (If IhL'ir garden dr¢a fur Iheir clients. £J,&VI- IYtDe I'alley C Trust- l.'Iindingi ()I' lood vouihcTS tor disadi'•iag¢d )'oung pIt in N'thTihampiiiii%liirL. £4,0- NOAH EnterpriJt- SiipN)ning IliL LJl¥rin¥ pri)I'i$ii)n ai Ihe Meifar¢ icniri fur h0mLIe in l.uii)n.: £J,000- Normndy Comthmlllty Theripv Garden- Puthd mcnthl healih workshLiPS in Ciuildford.: £9.750- Northamiton Ilopt Cenlr¢- l.undLd IhL dt%elvpmthi of Ihcir l.earning41.ii'ing plaifom). £2,696- Penny Brohn I11i-I'r%ii'idin¥ rLiiiiilL scr% ICL'S for i'ulncrablc Cancer pali¢nls and Iheir carer& in ihe F.a$i idland%- £4,1)1)O- Porridge & G&in•- SuprMirtinB a hrblislir and cducdiiondl %4"ellking pr(18ramni¢ flir OU gills. wom¢n th¢ir familiLS. £2.40 Qy•ker Conto P#rtMtr5hiw l..iiabling di%advanlagd wDmen io dii'¢rsitv th¢iT crops and lensiliLn gro.1118 seax)ns.: £2,I00_ ROVAI Commonwtlth Soti¢t>' for iht bliAd- Suprt¢ Ihlir 50ciuI inLlusiun pnrMM( in IndiJ. £4,0011 Sils Shots-j'iindcd th¢ (li%irihiiiion Lo%1 ID cnahl¢ io h¢ (knnaled Ib dislidi,l¥ld Lhildrin gli)bJll> £2,gKI_ SOS Childrtn's I'illatt Philippines- 14) insurL IliJl ¢m¢rging neLds fruin ih¥ portdetni£ wc bciti¥ m¢i'. £2.OIMI- Stthrfiih CtttheArts Fodll- Supw)fflin¥ dttess lo hcJlihcarc Ihr()U8h Ih¢ M'Llln¢ss y in S(iuih.IITiLa'. £897_ Sstinblt Clobl Grdews- Providing a waicr suppl for a sLh(rt)l in'l'anunia.: £4.IJOO- The G#riie-Suprrt)nin¥ disad%'aniag¢d )oung peoplL' IhTI)u¥h drama bad xtivilics iii NoTfi)Ik. I Ik- £9.$33- The IAWi$ Found•¢io•- Proi'iding LJr¢ packu¥es 141 aduli ranc¢r pali¢nls in NorthJmptort¥hiri. £4.000- Tht Tryst- Ik'%LI{)ping J young larmers club lo cnable susiainablc a¢cess io li)od in KLn%"d.. £2.905- Trid¢rfi Exthan¥t- InlPTC?i ing social >¢curii)' fcir disadiantag¢d IM)m¢ workcts in India.. £7.$6- Food tolltclion for the homeless- C"IilleagtJes in Franr¢ donal¢d liKvl io the IK>m¢k'5s.' £4.iIIJO- Wt lind & Ktllv M*tttrs- FundLd 511 plJLLS Icir.%uiLid¢ aMJTen¢s5 courscs in kM)IS liiinhdmpiun%liir¢' £921iO- Wyrombt Youth Atlign- SupFK)rted irninin¥ sc55ions in relaiion 11) mcnial he?Iih in scknDls and youih ¥ir()ups in Ili8h Il')rnnik. IIK.: £4,000- I'oyDg & IDspired-Addre55ing Ihe biÉwsyLhcTrpso¢ial efleils of Covid on young people in J45.1 96.9 IIK Donaiions via UK Nomination Schune-whereby rollugucs rKMninaLe a tharity of thcir choice 10 reLei%e a donation Small donalii>n5 to 511PtKirt small local thoriti¢$ with ihcir f1$in 1VIll¢S iJ.s 14.0 OJ Page 35

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For th¢ year ended JI l)ecember 2021 EXPENDITURE ON CHARITABLE A]VITIEs ICONTIIYUEDI 2021 2020 £'ooo £4,Styk Actloh for Asperger'$- Fundid coun%elling s¢ssion5 for elienis wilh Aspeiger s acm&s NortliampionshirL'.: £5,IM)O- Aftion for Childrto- Funded brcaks for disablcd rhildrth dnd their families in Noriharnpl(In%liiTL. £2,OW- AylisTn Esl Nlidl•d$- l¥ovided wellbeing packs lor hildr¢n in NonhampionshiT¢.- £4,951-Busy Bees Pn Schoo Purchascd rtL'%4 pla! equipment for iheir Pre Schuol. in Woll&8ion. Northamplvrtshire.. £4.INNI- Crathslty Hospi¢e Trust- Funded niuinory IM)x¢s for bLrea%ed young Fwple im NorthamwonshiT¢.,' LS.O(K)- Dram• Expre55bDhS for Children- l.-iinded dr4Jna thcrapv sessions for )'oung pIt wilh mental hL'dlih challcngcs ID l.un(ion.: £ZM21 tlttstershirt, Ltictgter and Rutknnd Hedw#y- Funded wuns¢lling servic¢% fvr brain injury survi¥i>rs.: £2.936- LiviDz Wiihoknt Abuse- SuprA)rt group for high risk i'ounb ptople in LciL¢slLrshirL'.. £J,IIDO- kniudon Iltrts Provided funding Ii)r ii%'i) d¥fJbiillJiors irb North4fflpti)n$hirL'.: £4.800- Nortb•rnptoDshitt Domesti¢ Abuit Strvitt- suprt Iheir £ounselliD¥ s¢53iI)ns.' £J,900- Smallptice Trnst- l.undcd ¢nriLlinitni days in h(M)IS across NollhanipionshiT¥.: £4. Spe¢er CoDf•rt- Provided funding tsTr mainiJin Iwi) v¢hicl¢s y) 111th ihe harilv Lould eoniiiiuc li) proiide lurniiure lor di51v¥ta8ed 0P1¢ in Norihampionshirc.. £74 Compssiortxte Fritndg- Fund¢d z(K)m $ubs¢ripiions io keep th¢ b¢¢ ruonin8 during Iiiikdi)wn in Ni)rthJDipionshire. 38.1 DIIBLIN £2,6fj4. B4nhxrdo's- l.uJidiTh¥i i{)M'4irds Iheir esseniial ci'¢rvday 14NyJ and sUPW)rt pro8Tthmme Ironi ¢h¢iT Mulhiiddan C'IDlr¢.' £882- Exltrn lrnl•Dd. Purching equipm¢ni for dISadtagCd rhildrL'n io iakc part in 11%,111¢$ in l)vhlin.. £400- Inaer City Htlpimt HomelwDSJ Mtih- Pmi'idiThg ¢sgeniial tiem5 FRANI'F Sixdll diinaiions ii) %UPPL)rt sinall IOLUI chTiIi¢s. £865 -('ont#iher Pour Anioh.l-.undcd new hOI equipmcnt for thildren in Angola.: £4.000- (-Rfr.lAD( Slip)ri ath)ILxLnl% With meni¥l health rhJllcn¥es in Amiens. Lq,43S_ For Senti• l.-undLd Ilic c4uipm¢ni required li)T M'ofTL¢O 10 iheir by$itbL'SSCS and be scll. suIIicith1i: £7,020- L Bount Cast- PunJiN¥ IhL. buildin¥ ofu n¢w d()rmiior%' for disadvantaged ¥iTl% in Cam¢T4X?n: £7.16 l.es Fttf#nts Dt M4kk¥- Trnded Ihe resloMinN rosts for sclKJoI tabl¢s in 'negal.. £1.06S. Ptlles Sotur% dt PtswreJ- Pri)iid¢d funding for Tr¢. kds for resithnts in Ainien$.: £2,IlJJ- Strours Popul•ir¢ de l Somme- FuThJ¢d dalis for disadYanlag¢d children in Ami¢ns. 2V.O CROATIA £S,JOO 4tntxr z# tthbilit•riJJ Sl#h¢k, Croili•- fuThled an pr!¢d bv Ihe ¢arih4udkLS in Croatia.: £2,IMIO- Ildrug• Za Pr•mk•jt Kv•li¢et¢ 7Avot- PTtii'id¢d il lunding for nLW equipm&ni i(1 h¢ purLhJx'd for Pilal¥% Imsed exLrissLs [r pwplL H iih MS in /.08b. 17.3 14.3 SOIITH AFRICA £1,500- Cipe Flat5 l'outh DtvelopmtDI Pwrm- FUJ18 pmV1dL 10 actt55 digilal learnin8 malL'rial in c.J I'own.. £2.OtKI- Cbrisftl Iloyse SA- PTh)i"idcd lunding for scho()I lf0M15 and a rc¢ding pr4wdmmc in TrUth Afri£4.: £2mO- Food Fgrwrd SA- Funding lo provide meals for raniili¢$ in poverty in Si)uih Africa.: £l,OOik GiT15 Boy$ T•wu- l.unded Sc1Kl equipm¢ni in Kwa zulu Natal., £l,IMMJ- Horizon Fam Trusl- l.uod¢d sIdLrt1lal plac¢s for disadanB¢d pciTrplc in PinclnwD. knuth AlriiJ.: £2.1J0 Kbvltmpilo Crerbe- Funded an earlv l¢aming pr()8rdm for children in KM"d 1 f%oial.: £7(Mk Okhlllt Edu¢ir¢ Cetrt- Funded eduulinnal re50urr¢s in Kwd £ulu Nai81.: £801k S¢hool of Il•rd KBocks- Fuiidcd menlal htalih PTogramrne5 for youThg tKuple in ca Town.: £2.IW Strfh Greiihert5 FouditiOD- PIded lunding lo enahlL pcnpl¢ If> dcccss hialihcar¢ ihrough wellness M'agons in Kwa zulu Natal.: L81H)- Sthtmbile Dv & Afterfgre Crt(ht- Ftjnded ncw ouid(x>r play tquiprtL¢ni in tkIttn.: £IJIXI- Tht KAY M50 Foondition- l.und¢d tschLK)I wovisions in ca Ton.: £W 7aM•kZl crech FLLnthd th¢ rcnovalion ol"IlieiT building. Kw"a zulu Natsl. 16.0 15.3 Page 36

THE SCOTT BADER COMMOJYWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 De¢Lan1 2021 EXPENDITURE ON CHARITABLE ACTIVITIES ICONTINIIED) 2021 £'ooo 20211 'ooo DIIBAI £J.27S_ Diy4 Foundation funded life skills training IOT di$adkaniaged adulis in India.- £2,850- Help in Need- Impro% in¥ lli h[S in Pakistan: £2 lAAN Eduction and H¢altb Dti'elopmtiii Org#fiisation- Fund¢d a safe and secure leaminL. ent'iionniLni in Pakisian. £2,8.q)- Rainbow Ctntr¢ Sri L4ak#- Furnished ts elassn)om bloLk.. £2.850- Re•d Foundxt40n- Funding of ne¥% fLirniILITi f¢11111¢5 flir a slhool in Pakistan." £2,I(Kl- RuchilL¥ So¢iil Stryirt- Funded their lip skilling cour%c4 for di%adi'aniag¢sJ %iiiiih% in India. £2.84lk Tht Cwi%iJbg Ba¢k Fo¥ndAtion- Funded tuition tees for ¥irls in I1]. £2 TrDs1 for ihe rehabiJittioM of tht paral)s¢d- Supported marginalised groups IhrouEh th¥ pr(lI¢ in Elangladc%h. India. SII'EDEN £J,100- BrntnttrfottdeA- fvndin8 for children u'iih c41tKer in S"edL'n.: £05fv Falktwbtrys Fonthus- SiipFx)rtirt& aciivili¢s for ihc disadkania¥ed I.jn8 adulis in CZEC.'H R Tr-PIIBLIC £1,340- Htlppts Cehtriini- li)w'ard8 ITaining an a&%iqance dog in Pra8ue. C'i¢¢h Republic.: £1.030- Nadtt Jtdlirkov4 stVU- 'undLd il14JTfiL T l.rLt-I ranswrt proj¢rl for children in MhLtlchair% in . C'&¥li K¢publi&.: £1 J70- Czteh Bl•vJd Ilittd. wwalion#l co51$ lor b11j and partially si¥hied pLYipl¢ in ltruguc. C-i.Lih RLpublic. SPAIN £J,IKIO- Obra soriil sanf joan de Dtu- Provided (18 for luloTing vulncrnhle ii'omen in 21.9 GERMANY £2,710- Doctors Withoat BordtfS- SUP1& 8lobo1 at)d humanitarian ai CIIINA £4,210- Shnihi Chirity Found•lioN- Funded an an iherapy pmj¢¢i for aulislic children. USA £3,834 a nomination $Cme 5irnilar lo the onc in the IIK for tht peopl¢ in Ohio. The remaining £2,165 Wa5 divid¢d bclwccn Ih¢iT local tiM)dbank$ 4J CANADA £I,I>OO- Foundilon d l Tblle Pop¥l•iTr Pr¢s%iding gins and adiviti¢$ for lh¢ diswdvufiiaged in l)rumTnondi illL- £J.210- Foundalioll Rene I'erritr- acTriiaTds impmi.ivg hIlhcarC and pallaiii'c care 5crvi¢¥s in l)runiiiii)ThJi illl: £4.IJIMk Foud#¢btyth ix Tr¢WpIi Providing menial healih aW4Lrro¢ b(M)klit5 in l)rummondville. BJ Pre5idetti's Fynd £5.IXIII Iii lh¢ Victoria CLnlTC. W¢llinglM)rou8h. £5(K) lo th¢ l)a%'lighi Centre. Il'ellingt}r0uk7I. The remaininbi £2.1MIO 'aS splii eqiiall¥ btlw'cert ljoliyian QuJk¢r educaiion fund. British PUSaSh limup. P¢dLechild IniLm¥iii)nal. Pvyiiiie Ne"5 Tru51. Quak¢r Pexe and Social Wiiness. Qu4k¢T14om¢l¢ss AilS(In. CJdndhi Fvun£LLlion and Il1>11951pn I I¢TiiagL kni AI1STRALIA £2,51)0- Hxnds Off Fo•ndtlo*• Care p4cks for SUTvivors ot"sexual 11 in MellM)um¢ Total direet charitable expr11¢ JJi.o 253. Gov¢rn#rK¢ cost Toial direc( chariiable eX$ndItre 336.0 2511.8 Pag¢ 37

THE scorr BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 tkcthnber 2021 10. TAXATION The C'ommon%4'¢alih is r¢gislL'red as d Charity, aThJ as Surh is exempt from thKiratiOn Tax. However lax is payabl¢ by koii BddLY Company Limited and its subsidiaries. •} Twx eAPllSt itt¢ludtd in profil or knss 2021 2020 £'ooo CUrn1 lax.. UK CoTry>raiion t on prtsfils the Jear l.or¢ign rorp)ralion tax on profiis for th¢ v Ad)s¢Ment irb respect ot'PriOT wiod% (yniup curniii i& Share i)t'joini %¢nlur¢s' current Itx Toial currcni ia Ik,ILrrLd iJx'. C'liJngL in t&x ral¢ ()riginaibun and reversal Iil-limiTh¥ diff¢r¢n¢es A¢Jjusinicnt in re4pcrl ol'prior Friods (iniup i¥n4J Ii)lfjil delerred i&¥ 603 1ffi13 81J 3,029 602 1.325 256 3,029 256 17811 11,6401 11,8551 13401 14891 Cjroup curreni lax li)11p (k.l¢Trcd 14lX Groip tgx profi¢ OD ordl•ry *rtlvltles 256 14891 233 bl TIX txpeast iHclydd IM other t•mprnht•sivt l•¢••¢ 2021 2020 £'oon l)L'lcrred lux.. ()rigin&iiiin and tr$s1 of limin8 ditTcTerKes -1 iildl lax expLnsc includcd in pihv Umnprehensive incom¢ 12921 292 17561 756 Pag¢ 38

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Decemkn 2021 TAXATION ICONTINUEDI 1the &8sessed for the ytar is higher12020= low'¢rl than The stsnd3Td T¢ of corrA)rdiion i&x in the LIK IW/b12020.. 190AI. Th¢ dilT¢r¢nres are e¥plained bek)¥': 2021 £'ooo 2020 £'ooo Total nd income befo lax lijr the financial y¢ar 8.872 12.945 Prolii on ordinary aciiviitcs ai siandard rate of totp)raiithi tsXion in ih¢ IJK.. IV/• (2020.. 19Yol F.ff¢cls (If.. l.iireign subsidiary proliis %Yiihin iero raie r¢gime Other udjusimeni& in res i)l-toreign tax raies IlnL()tn¢l l Exp¢ny¢s nul d¢duciibl¢ for lax prS LlnrccD¥nised delerr¢d ijx 'iihh(Ilding %uIT¢Ted R¢-nlLa%urcm¢ni i)t'd¢ferred lax (change in rnie} Prii)r yLur adjusimeni Gruup lax vn pri)fil lin UTdinJp• ocli%ilics.' I80 2.460 394 107 12XOI 566 18281 1.174 12331 I'hc F.ffccli%c Tax Rak IETRI of Ihe (iroup (excllIn& wiory¢¥r #dju$im¢ni$l inrr¢&sed b). 3.6•/• lu 18.0/•12020.. 15.OVol. A rLbisLd (iroup'l'ransler PriLtng Polity was implen1lcd. Ibiih cl1( Irom l Januar> 2021. 10 rclleci signilicani Iirgani$aiioii chan8L'S ihL' re&ulidrtl iniJyJil on th¢ valu¢ dTiiirs ofihc (JTOUP s busi55. 'lThe revised poliL¥. has inLfL'dSL'J IhL' Gruup's L'I'R hy approximJl¢l}' 1.40/0 on an ongoin¥ basis. T¢llething IIK combined cffeLi ofiocal rthcs i>f l&xalion in lh¢ CJTOUP S vari¢iu% huiin¢i.4 l&rTllI)ries. ()IheT. ILSS maiLtial. Lhn8e& seTheil lu further r¢dur¢ Ih¢ F.'I'R bv 0.2h. Af4ALI'SIS OF STAFF COSTS 'I'h¥ Lulliini?n¢éJIll rK)l ¢inploy any aff. Th¢ cosis o(SBCI. dthailed below.. 2021 £'ooo 2U2U £'o 24.446 3.2¥8 2.993 3.46S 1.gU6 403 'a&ics and salari¢5 Siall'tK>nu5¢5 Oiher Ylan'b¢n¢fits Soiial securiry. costs Pcn>ion )sis. payments 10 d¢fined contribuiion h¢M¢S Other r¢iiremeni pmv151Qll$ RedundanL'y 4.944 3,lJ2 2.1)08 1461 l.J80 40,957 37.656 Expettses feimbursed 10 ihe TN$e$ in th¢ y¢4T £1.7k 12020.. £lk'i. relating io travel aTrJ subsistentt fi>r 4 1"ru&lLcs1202(1.. 41. The direciDr5 01.ihc Charit> do noi receIC remutratiOn in Iheir role &% diTerl(w5 of ih¢ Conipan).. Lmployec ¢l¢cled direclors reLLtvc rlniuneraiion for ihcir 0ra¢ll?al rolt5 in the Scoti Bad¢r CiroJp wmppm). that Ih¢%' arc empto}ed. with the amounl r¢¢rived noieii fi)r Ih¢ir FriDd Trusl¢¢.' 2021 £'o 183 2020 £'oi 154 34 B35ic &lary Pcnsion conlribuiions and oiher benefiis Bonuses 18 206 21)0 Page 39

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Dcccmber 2021 ANALYSIS OF STAFF COSTS {CONTINUEDI ThL employee b¢n¢tiis Df k¢) Tnankgemtni persu)nn¢l orth¢ CITOUP 'Cre £1.888k12020= £1.770kl. This includes SIJCL dirkctors. remunerniion. K¢y mana¥Lmcni personn¢l are d¢fin¢d b% theii involvemeni i¥ithin th¢ Group Le*Jership I'¢a IGLT) and therefore iniolve41 in dav lo day detision makiThg of tb¢ gruup SIreBY. The numkr ot-¢mployec5 w]K>se iottl emplo)'ee bcnefts ur¢¢thd £60.IKKI during ihe y¢w for ihe cliariiable group was.. 2021 2020 Number 34 21 12 Numbtr £6O.001- £70.IX)o £7O.001- £80.( £80.001- £90.iIM £YII.UOI £IIMI.(KIO £ioJ.001.£iio.I £1 IQ,001.£120.IKMI £12U.001 £IJII.I £110.001- 1140.000 £1411.001 . £150,0(K> £15U.IKII - £160.000 £lfyQ.Illkl - £1711.0(K) £1711.Wl £ l RO.000 £IAII.001- £ IIM).000 £21111.001 £210.IKH) £210.001- £220.1 £2511.001 . £260.(KK £27a.001 . £280.(XMI £2YU.001 . £.1110.(xK> É_12n.IJOI £.1311.(KK) £39[>.>1- £400.000 105 27 18 198 I'h¢ JvrrJge number ofpcrxV ¢mploy¢d durin8 the by B¢oBrni¢8l Drea wL8 follow4.. 2021 Number 2020 Nunih¢r 289 198 207 694 l (K and l.'i Ciiniinenidl l..'urope RL'SI iif World 207 198 703 The dW¢Ta8e nwnbervf p¢tsoL¥ employed by lh¢ Group b>. xlivily was as follows: 2021 Numbtr 95 2020 NumbLY Adminis1rln RL'sLdrch & tkvelnpmcnt Manulaciuring & Di3iribthion Sa1¢3 & MarkeiÈtt¥ 82 47 437 128 429 133 703 694 Page 40

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FtNANCIAL STATEMENTS For the yvar ended 31 Dec¢m'r 2021 12. INTANCIBLE FIXEDASSETS Croup Goodwill TerhnoJoK)' £'ooo Total £'ooo Cost l Jan 2021 1.456 1.060 1.066 2.522 Cost 4t 31 De¢ 2021 AcLUtnulaied Amortisaiton l Jan 2021 Cliar¥L lor Ilie }'¢aT At31 D¢2021 959 2.104 36 1255 995 2.250 tMb(>k value Atjl Der2021 201 71 272 Ai 31 Ikc 2020 107 418 ij. TANGIBLE FIXED ASSETS LI B•ildiw¢s Short k•vhold Group Plnt ad tq¥ipmetht lolor vehicles Frteh•ld Tot•1 £'o(K) Ctssi or voluJiion'. Ai l Jan 21Tr21 Additions Di%SM)sals Dilli'rL'nL¢ ¢x¢han8¢ A¢Jl Dte2021 35.267 5.812 4.681 56 81.588 7,138 14741 1.422 177 122.013 13.01)0 16021 2.421 131996 1.040 39911 96 55 422 ALLumulal4xl l)¢pr¢ciation'. Al l Jiin 2021 Charg¢ fi?r Ihc )'car Di%rx)sals l)iller¢ncc on c¥chBe AtJl De¢2021 18.285 876 2.449 217 59.339 3.988 (4¥7 327 35 80.41KI 15531 1.6l)6 45 19 343 Nel Ixink value Atjl Dt(2021 zi J3 2122 79 Al 31 Dcc 2020 16.982 2.234 22.249 150 41.615 A55eis in Ihc course of ron5twciion and on which d¢rff iaiion has )d lo commence are itKIded in lh¢ cost of Plani & Equipment 10 th¢ *Hlu¢ of£4.466k12020.. f3.2¥6ki. Freehold I of £6.437k 12020.. £1,523kl is npi dcpreciaicd. Page41

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the ycar ended 31 tk¢¢Thber 2021 14. SIIBSIDIARY UIYDERTAklNGS The C'ommonw¢3lih is the regisiered IN)Id¢r thfihe whole of th¢ shaTe capiial of Scoli Iladei C'ompanv l.ld 100.IN)O shares of 50p Ld£h. Of Ihes¢ ih¢ CthMMoneallh hold5 10.IKMI shares on b¢hJifof ihL Guardian I-n¢¢$ Who hawe additio1 re.4punsibiliiics io their rol¢ Charity Trnslecs s¢1 out in Ihe"I"rusm' R¥rt. These 10.IKK) shaTes ar¢ reftrTtd 10 in the Anic1¢5 of Tht Scoii Hader CoThmonwealili l.iniii¢d Js Guardian'fTU$t¢c %hurts. SpiciJl ling righ1$ in r¢lalian to these shares are ex¢rcisLyI un¢Jer Articks 27 and 68 ofihe Arti¢l¢s of AssoLiaiii)n of The Scoii Had¢T Commi)ni%"ealih l.imiicd. These rclaic 10 r¢solulitsn 10 alier ihe Ariirl¢s 0t.As1at1on nf ciihL'r The 5coll Bader ( onimunwiJlth LIMI OT Bler C'ompan>. Ltd or lo diswse olor dir¢ri Ihe Ills1 oran), sh#rL'& in SLoli Had¢r Conipan> l.imil¢d. The shares wcr¢ gisen 10 Ihe C'ommnDii'¢alih in 1951 and 1963 b!. Erne Bader and his family in Order to place Swli Bader Company Limiied in common ownership il WOLbld diTea¢d and ffjatw&ed rxii only libr IhL bLmelil Df Ihos¢ ivorkinx in thc Ci)mpan> bui alqii fr Ihc wider Comniunity and fLW fuiure gaierativn Sincc. under Article 111 ol'ih¢ koll Bd(kr Compan). l.imiied. the C'ommon¢81Ih has rm) rxiwcr io distxTrse of any of lh¢ shares it holds in SL'ull B4(ILr C'ompan) l.imii¢d. Ihe Tnlet wnsiikr thai Th) value Nhnuld tiiiribuied li) Ih¥'m. Stsbsidi•ry uhdrtxkiA%s Th¥ ¥ruup IM)Id8 100% ciftlK i¥ued $harL$ Of17 5ub3idiariLS in Ihe b¢loM' iahle and. ¢xccpl M"h¢r¢ noted. thc%c h¢ld by Ihc Lompun>'. Nonr 0l.ihe SIdIrIES aTe lisied on a rc(01$ siock exchangc Jnd oll have been incl1¢ in Ilie consolidaliiin. Cowpny C.e¥•ryof licorporAii•• •Dd pri4¢lpl ¢04•try Co•y•y RryiilNIIo •Abbtr r4tstt•f Rotsltrtd Offl¢e (S&1 lJrii•tTr 00189141 Corwr4¢t Iltld Wollaston 11411. Woll8Mon. W¢llirs¥trM)ruu8h, Notth8nits. NN29 7RL WvllLYon Ilill. Wi)Ila%iilli. W¢llin8lMITou8h. N¢inhani%. NN29 7RI. 65 Ruc %ull¥. 8OOOn Arnicns I'oMipBny l.Imii¢d Brithin 4562n4 MaTruf4dw¢r•f ¥oii BadeT 5A5 631720497 r¢sin5 ManU(U or Scutt Bid¢r Middl¢ 1&SE l.rd lInr)rnd JeT5CyI' Unired AAb EmiT• SkntrsofJcts¢y R¢81strnrn No.. 55367 JAF/.A R¢8tsirniion No. 17_1909 801X>8643 On¢ Th¢ E5. Si Il¢li¢r. J¢r&ey. JF. 3QA. Ch•Dn¢l 1slind$ Scott B&d¢rd.00 Crvlllia M•nufaaure of rc511ts Maniila¢tw¢ of sms Kthi¢ka£estJ 173 i. In(KX) /.o8reb Swli Y4der Iny) Ltd south Afri IWJ QW 40607 l Lubex Ro. H) Box 1539. Hillrrest 3650. HJnimaTqthk. Kw•zJJlu Nal&l. 5ouih Afn cull Ba¢kr ATC In Scom B#d¢r Landinavia Abl C•nad 1168159909 M•Duf4CEurcror adh¢55V¢S Z4(Kl. Cwdien Strttl #303, ihunimoDdvill¢ iQc}. J2C 7W3. Canda Bl)X 202. 31123 FthlK"rnb¢rB SvKth 556599-5322 thstribuiorof r¢sins %¢oii BDdeT Ea51ern Euio Scott Bad¢r Ib¢r¢¢a si. Czech Republ 250 45 580 Disinbutorof Ir5U15 DlrIbu101 or Ewk• 251&ryJa. Dei¥i¢¢. 160 IK) Prah SpJin ESB 62941450 Ttymo 349491FoJio 0202 Avdo. Cons Calalall¢& 3. 08173 Sanl Cu881 del V*ll¢s-Aarcelon Page 42

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STA TEMENTS For the year ended 31 tkc¢mber 2021 14. SIIBSIDIARY UNDERTAKINGS ICOIYTINI1EDI CovMpMy c•¥IOr

corpontioa

principal toi•iry oToptrtio USA Conp••y Rt%iSiThtiO brr •f Reziuered Offltt 5¢ull Bader Inc 2310546 R¢8J41ered A8rnr SolutlOll5. Inc. 9E. L4)n¢1"Cnna SiTCd. Suiic 311. tX7v¢r. DF resins Sloil Bathr l.ShanBhdil Tr¥dtri8 Com -411 BadcT Japan KK China 9131(M)(WA387 ljstnbuloior r¢sins Room2402. Hitch Palza 488 Wuning Road lSouthi.ShaTrBh&i ChiThg 302¢KX>II281 D1n10T0f Nisso BldB#I8. kxwkn ()Ifiie1708. 3.7-1 hJn-YLiknhaffla. ki)hDku&u. Y<)koh•ma. KuBaw& Japan Woll&ffloTh Ilall. Wollasi0Th. wellin1)u&. Niirthan15. NN29 7RL Synth¢iiL Rt$iths Grem BriiaiTh 212663 Int¢rnKdi holding com Iniennedi¢ holdin8 Boldhelp l.uhtitd CffeaE Brnain J7939H4 WollasEon 14all. Woll•sion. Wellin8ix)rou8h. Ni>nhanls. NN29 7RL Scoii Bad¢r Braal (ire Bniain 1549866 InEemdii¢t holdin8 com Wiill&sivD Ilall. Wolla$i0n. Wclllngfft)ll$h. Niirthanis. NN29 7RL SCUEI Bad¢r Nonh Am¢rt¢• In¢ IJ5A 2310544 Ini¢nnediaie holdtn$ company R¢8isier¢d A8eni Soluiions. In¢. 9r l oockennan Sir¢f¢. Sui1¢ 31 l. Ihver. [)[. Scoll BBder Ciimmunilv Fu#d {r¢ Bniai 01212834 c"OTWtc wollaOn H411. Wollisliln. WtlliAslMirou8h. NorthAMts. NN29 7RL con Ilad¢f I14j Ireland 00189141 Stribur0[ r¢51115 Austral 640312170 sinbuior of re51ns Pollox 1124 Bibra l.•L'¢. Il'tsiem Australia 6965 I htld bj. SyTrihclii Resins l imii¢d. Ih¢ld ty Boldhelp l.mirted. Jkld M. Bader North Amcnu In¢ lTh¢ tirovp 5 d0rn14ni oimpanjes h¥Y¢ )1 b¢cn Ied in the alM7ve tsbt¢ ThL' 8rt)up hvlds 8{ (Ifihc issued sh#r¢5 ofih¢ subsidiar)" in loW t#bl¢. h¢ld b> thc Company. Thi5 5ub5idiary iy rnl lisl¢d on H r¢¢ogniscd sts)ck' exchan8¢. Compoy Coulry or ID¢•YpfyYiio# d prlotlpal rouDtry ofoptrtlo c•*¥Y RryiilnlJD ¥•ber Nat¥re ol 11ry1sttrtd ofiire Polsmer MimtlJCS L.im¢i¢ CtT¢8r Bntain 1259x921 Research 'i)lI1)N Hall. Wolla510n. W¢llingknniu8h. Niffthanis. NNZ9 7RL Page 43

THE SCOTT BADER COMMONWEALTH LIMrrED NOTES TO THE FINANCIAL STATEMENTS For the yrar ended 31 tk¢emr 2021 14. SUBSIDIARY UNDERTAKIiYGS {COPtTINUEDI Joint Ventures CowpAuy Coi•tr) of i•corportl10 id prfjvJelp•l ¢Mntr>'or oprrli Nova5cott Eycialida¢k% imic&s Ttda lJV} Br3RiI Ro&>via Gobcwna&>r Marm) Cov35. no 61x1. saJ• 4¥. Loie TAbaJara. SeTr• (kb Anil. CEP29.1474130. City of car¢aci%ES. Salycn Scoii Bad¢r LLP IJVI previously Sa¢i¢n 5¢oll Eladcr Pyiv•tr Liinited 307. A-7 Industrial Prem15Cs fJ K Mar8. Lowcr Parel Mumb Mumbai City MH 400013 IN l shares held by Scott Badrr Brtyzil Limited All joinl veniuT¢5 Irianulaeiure dis¢ribul¢ 1}emer rcsin$ s/+ om'ncd by th¢ 8ri)up, except wh¢rc oied ahDve Ihcsc shares ar¢ held direcily by thc C'ompothy. Brin¢hes oulsid¢ ihe IIK -rhL (iTrTrup and C¢)Tnpany Okxrnied a brdnch based in Dublin for ihe firA six Month$ of 2021 which w4$ a ¥#l¢s only OPCTall(Fn. rtjul A buniniun iil'ih¥ rL'sulis ofihe subsidiaries is slM)wn below.. 2021 £'ooo £'uiio l urnc)vLr l)Ih¥Y I)rating income DirLCI gnd indircci ov¢rhr4d8 2711.039 196.496 905 1185.2931 12.108 (iftiup ()p¢r4iin$ pmfil harL ol'op¢r41ing pr(ifii in joini i'cnlur¢s I"DlJl npcrèiin¥ t)rI1.. ar 5hJrc (>f joint venturcj Inleresi rcceiiablc and 5imilaT inCI)me Inlcrest pJydble and similar rharges l)riifii bcfor¢ t0110 on ordinary aL1iYiIics 8J19 280 188 12.296 187 253 96 12.453 8.691 Taxaiion i)n profit on ordinary a¢iiviiies Prolit for lh¢ financial Vtrdr 233 12.086 A summary of the 2021 results orth¢ k¢y wbsidiaries is SI%. klom": SBUK £'o SB SAS SBME 'fntBI Nd Ass¢is Cjrosg Turnover maiertal and consurThables Prnfit fur ihL fmancial y¢ar 4J,828 13.940 88.930 62,111 158,6541 {4S,IVI (48,9ZII 2,965 1.447 2,931 Page 44

THE SCOTT BADER COMMof4WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021 Ir4VESTMEPffS Gro•p Joitht Group #hd Ch#rÉty Invtstnitnt Proptrty 2021 2U20 2021 £'OOO £"O(M) £'OOO Ventures 2U20 £'ooo Balance ai l January Share nfproliis r¢iain¢d l)iiid¢nd received DilltrenLe on forei8rt t¥dw)8¢ 615 581 188 156 198} 525 525 1961 {2081 ijo 49.5 B4lance at 31 Dectmber 591 ois 525 Inwe3lment proptrtv hisiori¢AI tosl: rhL in%L.%lt71Lni prDpLm is oi¥nid M. Ihe charity.. 2021 £'ooo 2112 Co81 ai l Jjnuary and 0131 tkr¢ml*r The ini'esimcni propertv w'as valued by an independethi %'iluer iiiih a r¢o)gni)¢d and r¢l¢s"anl prole5$innal qUiilili¢aiii?ii ajid with r¥'i¥ni ¢xp¢ri¥rt¢¢ 111 Ih¢ lucJlion iiThJ Call)r%. 1)f lh¢ ini'¢slmeni Prort& being valued. IlJr44Th1ds ('hartcrLd %ur4'LI'I)fb E51JlL A¥cn15. in No¢nib¢r 2021. orb Ihe ha$1$ of0 mthei %8IuL. "I"hc %aluaiion M4L8 aTfi%L'd dl by rclcrenLc Ici IhL' esliiiialid unii)unl Ivr h1¢h lh¢ &s%ci M'ould b¢ Cxpccicd 10 ¢xchan8L b¢1.n Im'o IndeI¢nI par¢ies on an amisvlLll8ih b&sis using available mork¢i evidence and local market kno¥ ledge. 16. CROIJP STOC'KS 2021 £'o 2020 £'ooo R4LW malcrials and cunsumabks Fini5h¢d good5 4nd Bopds for re5aJc 11,634 21264 32,898 7.240 12.603 19.843 Thcrc is Th) Mterial diffcr¢nce bthwecn Ihe klance shed valu¢ ofsiock and its replacemeni ¢o$t. 17. DEBTORS Group 2021 £'ooo Charity 2021 2020 £"0 2020 Trade debtors Amounis 1)wed b). group undertakin8S CorwTaiion lax recovcrable Other iaxalion recover3bl¢ Oihcr debiors Prepayments ar accrued incom¢ 44 J97 37,218 72 1.794 472 448 1.152 1,241 40.531 .724 49,498 AmouDts owd bv Group urthrtakings y1¢r¢d ar¥J w¢ rharg¢d ini¢r¢st rai¢s based un UK markei raies. Trade debiors ar¢ siaied after provisions tor impairnieni ot'f289k12020.. £580kl. Page 45

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Ikc¢mb¢r 2021 18. CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR Cr•up 2021 Chrity zoii 2020 2020 £'ooo Bank loans TradL' creditors Amounts owed 10 group undertakings Bills i)f ¢xrhdn¥L pxyabk Ci)rJx)rdllQn l&% ()Ih¢r iaxalion (Ind wcial 5Kwity Uiher erediiors ALLriial8 dnd deferred incom¢ 6,872 596 31.537 48 41 337 1374 .742 J.oJJ 7,766 229 251 2.025 (J33 8.167 43.438 48 42 Anii)unih ow'ed by Ilie Ciroup thrtsugh an oicrdrall tlI71Y omouiiied 10 £6.408.OIM) as 81 311)ecenibcr 202112020.. £nill. The fulilily is dL'nÉ)miNied in vJri4)us curr¢n¢ies wilh Ihe nd oi'LYdraft bala1& any individual CUrr¢C¥ incurrin8 u charg¢ uf 1.25/..'fh¥ bank has o ¢harge over Ilie ol'ilie cnmpaThics in la110 to ihc oi'¢rdralh. 19. CREDITORS: AMOUNTS FALLIYG DUE AFfER MORE THAN ONE YEAR Gro•p 2021 £'ooD 2020 I8 ithin iinc 10 IIII) y¢WS Wiihin i.0 10 fivc years In tivc ycaTS or MOTC 408 495 284 IJ08 DtrlvAllvt finaneil instrumtnls 'iiliin tm'o 14) liv¢ years In liv¥ years or Jnore 102 iJ66 l.9()3 20. LOANS AND OTHER BORROWINCS Loans r¢payabl¢. inrlud¢d wiihin rredilorn are anal)'sed as follows- Gro 2021 2020 Dut withi• one ytr or on de¥na•O Basik l.oans and oi'¢Tdralls Due fter moTe th¥n y#r 14ank l.pans and oveTdratls 6,872 596 IJ08 1,891 Tot1 borrowinis 8,180 2.487 MtllTity of fillineial Ilbilities: In one ylar or 5¢55. or OD d¢mand In mvrL' than one year. but [t mor¢ Ihan iwo y¢ar5 In more Ihan tH'o y¢ar& bui more than five years In In0 than fJv¢ y¢$ 6,872 408 875 25 596 495 284 8,180 2.487 PJgL 46

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FtNANCIAL STATEMENTS For the year ended 31 Ikcember 2021 20. LOANS AND BORRowif4GS ICONTINUEDI Group 2021 2020 £000 Detai15 91-loans wholli, rtpaiable wiihin file %cats are 18 fdiows-. EIIRIBOR arIable rate secured loans pa)abl¢ in quary¢rl) inalM< uniil Jul). 2026 Lo&n5 With inieresi rA>able over 60 months 244 40 284 25 25 £1.452k12(J20.. £1.915kl of Group bom)win8$ 41r¢ srfvrrd bv fi¥cd and tloating CheS over the (imup s &sseiS. O¢her Group bank IOAIIS Other bank. loans includes loans trom Ihr¢t Fr¢n¢h bank$ u'hich arc demminaicd in I-r05 and are all repayahle by qkiJriLrl)' insitslm¢nis Niih lh& final paimcnts kinB due in Julj 2026. The inilLal iuitsl i'alui uf IiiJn$ tJk¢D nul in 2014 was t4. h41li¢ i'ariablL rJiets and diirilsg 2U21 Ihej ranged fmm l. Ib•/0 10 2.94V•. An 4ddiii(Inal loan with a Fr¢nrh b4Thk" a$ lakcn oui in 21118 and Ihe balancL as 8131 Dc'rnbeT 2021 is f284.011012020., 444.00111. This ltsdn 15 payablc in monihly in%ialmenis ¥ iih the final paynieni due in Augus12023. 1'hL loan is unscLurcd and Ihe inlcrcsi rBic is fi¥¢d Bl 0.73%. 21. GROiIP PROVISIONS FOR LIABILITIES GMIIP Rair¢m¢DI Bemefirs Ikr¢Th¢d Tix £.0 1,684 6,73$ 1331 1671 11.8501 11.Jq41 292 222 93 ProvI4n5 Tntal Ai l Jonuar% 2021 FoT¢ign ex¢hangc impaci Am()unis chJr¥ed 10 Iht pmfii and lo oc¢oyni Amounts used durin8 the y¢•r Al 31 IkieM.r 2021 780 1.977 2.294 1491 330 201 70 2.140 2.193 Environmtnt#l.. The cnvir(>nmtnial provision origino11)' ¢stsbli$h¢d in kon Bader Companv l.imiied #s a future paj'nieni fi?r Ihe requircd re&l1luiion nfiand %%h¢D th¢ r¢levani subsidiar%' companics i'thcaie rhe premises curr¢nilJ (Krupicd.'I'hc PTPVi51(In is expcclLd IV b¢ LJiilis¢d over 10 y¢ars although IhLYc is no inieniion io leave any ofthe aff¢cta $it¢s. Thc provision wa5 ClMa1¢d using ihc repoffs as pmi'id¢d bj on Ind¢wjeI ihtrd-part). specialiM. ThL liJving pri1> jsj(In i$ ¢stsbl1sh in Bcr Middle Ea as a [j.meThi IKsed ort lrtBI requ1MEi$ wh¢n ¢mployc¢s leave the bu51rtes3. I'h¢ PTovi$ion is cxp¢aed to be uiilisd &8 ¢wreni employees leave the busin¢s5 2021 arbd 2049. Pag¢ 47

THE scorr BADER COMMONWEALTH LIMITED NOTES I'O THE FINANCIAL STATEMENTS For the year ended 311)ec¢mkr 2021 21. GROUP PROVISIONS FOR LIABILITIES ICONTIPUED) Rttiremeji b¢nefit5= al £1.442.IW120211.. £1.422.(ml relaies to -qu&si ttnsion commilm¢p15 glvtn io former employee5. ThL prokssion is t¥ed 10 be utilid 0s.¢T thc eX¢ted It%e5 of the forrttcr ¢Jnplovees and their swuKs between 2020 thd 2037. bl £697.00012020.. £872.IM)01 rel¢5 lo Fr¢n(h stslutory liTeM¢M1 benefits pa)'abl¢ w Fra[¢ bJ5¢d employtts of the tiroup. The proj$10n is ¢xp¢rlcd b¢ ulilis¢d bdwttn 2021 and 2033. Deftrrtd tx#tJn: Th¢ d¢f¢rr¢d thx liability consists of the following liabililies I1&88ets}'. 2021 2020 £'o F.xL¥55 01'iapiidl all11w4C¢S over der¢¢1110n hort t¥rni ii¥ning diffLr¢n¢¢s Revaluaiion of iangihle assct$ Posi-cmploymenl bcncfits Luis¢s 14121 19491 1.893 18841 4.199 12.7451 93 1.732 11.0601 1.684 22. GROIIP POST EMPLOYMEIYT BENEFITS Fi?r I IK ¢nipli>)¢c% SL'4Tr11 IIK oTles a defined trtncfil xheme w'iih aknci.s hcld in a.Kparal¢lv admini51Lred fund. TIJL schiinL pTh)vidLs TcIIT&m¥nl ¢[11¥ on the b8sis of ni¢mlK'rs final salan...r plan is Iwthiiini¢Tcd by inikp¥ndeni Ifu8lLL. WI LS re.8wnsible for ensuring Ilial th¢ plan is $utTLtienily funded lo m¢¢t rurrcni and luiurc obligai>ons. Tlie d8ic i)I'ilie mo$1 rcreni 4ciuarial valtsaiion a5 &1311)cccmbcr 2019 rei'ealed a lundiiig sliorllall i)1-£4.1(Ji.(m131 DL'CLmber 2nlO'. bh(>rtf#ll Of£13.560.0I. If Ihe Scheme is in dcficii on o T¢rhniul Proi'isions basis LJlLulai¢d by Ili¢ Srhcm¢ Arluary in aiLord8nce wilh the khemc 5 %14lwnrni of J'uNJin¥ Principlcs daicd Jun¢ 2020 ds ai l July 2021, onlribuliiin5 inio the Scheme M'ill rccommcncc al a l¢Y¢l vf £400.(MXI p.J. {£38.333.33 p¢r rnonihl li?r IhL' wiod Irom July 2021 io Dcccfflbcr 2028 irlw8iv¢. Puienliul £4(Al. po irt resp of July 2021 to 3 Isl l)¢£¢mbet 2028 C()niribuiions 10 thL ¢scrow accounl w¢ rurrenilv suspended followin8 ihc improvement in ihe h¢m¢ s fur1 l¢i¢l Ji the 2019 actuarial waluaiion. This can bc r¢wmm¢nccd if ihe wsiiicln deicTioral¢s. For remaining funds as ai t)cccmb¢r 2028. the furLd% tnav eiihtr returned the companv or paid io the pension fund d¢dIng inv¢stm¢ni perlornidn¢e and Ihe funding ryk511i(m in 2028. I'he escrow account was cstabli5hrd to knld dy)sited c&th for 5af¢kcering. with Ihe Bank ofNew York Mellon 85 fU$lndian. as prt i)i-Ihe Jgreemenl wilh ihc P¢n5i(Jn Trusiee5 10 coi.cr die (unding shortfall ba4ed cin 2016 TCI'iCW. Ih¢ ti]nds art prol¢cled artd unlv k r¢ls)sa io ¢iih¢r lh¢ FKnSiQn heme or the employ bas¢d on rnulyal Jpprovdl bciwccn ihe compaw and lh¢ TrtLsiees. The 31 Dec¢Mr 2019 aciuari#l i'aluaiion figurcs havc beeo Y111ed io ihc balance shc¢i in ordcr lo assess the dddiiional disclosures required und¢r serlion 28 iTrfFRS102 ai 31 D¢c¢mber 2021. This ukNJait ilas dDnc bN' arb in{kdenl qualifJ¢d actuary. using Ihe following major wumoiorts: Pag¢ 48

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021 22. GROUP POST EMPLOI'MENT BEPEFJTS ICONTINUEDI 2021 2020 Raies of in¢r¢a5c in salaries Rai¢ ofincrease in 5Q/ti LPI wsion5 in pa%meni Ral¢ ol-increase it) 5Q/b LPI prnsi(Jns '11h 3.5 /• UTr)Win in pasTr¢nt Rate ol-incrL'a in p¢nsions in defemleni Di%o)uni rate Infldlivn )pl10n nla J.90'/• 2.50•/• 1.80•A 3.870 2.20Q/• 1.150/• 3.200/a Assumed lif¢ ¥¥Wlancie5 on Miremeni ai 48¢ 60= 2021 2020 l'ears Years R¢iirin% iodav Males Fenitilcy Males 26.3 29.0 26.9 29.7 26.6 29.1 27.2 29.9 R¢liring in 10 years R¢con¢iliulion ot'5cheme et$ and li•biliti¢s.' Asstts Ll*bilitlt5 £'ooo £'ooo Al l Januarv 2021 RL'mrysur¢m¢ni 8oins l {lossesl l.'¥periL'nL¢ 8ain5 on liiibiliii¢s - C"hdn8L$ ITr d¢mo8fdphic assum10$ A¢luarial gain RLlUrn on plan &88eis ¢x¢ludinB bTrt¢rc income Nei Temeusuitmeni bialns 164.-143 149.135 15,20¥ 11.6051 1.786 11.6<)51 1.786 11.424 10.422 10.422 10.422 t1.(5 ]Jenefiis poid .nipluycr Lilntrib1oS InlLr¢si inicim¢..'IL'XPLn&¢l At JI Dtc¢mbtr 2021 15.7401 230 1.857 5.7411 230 175 1.082 133 472 No tsmi?unls 121120.. Nil) MLYe irKluded in ih¢ ¢0 ofassd& 2021 £'ooo 2020 The foir v#lu¢5 Ot'ih¢ plan assds wer¢.. 9.857 110.600 Ciilis and l.DJ lunds cor)raIL Bcind3 Cash 8£ nel rurrent a5SC 119.400 29.492 4.254 164.343 4,687 150268 b) Defined tontribu¢ioD schee5 Following the c105ure of the defjnthl benefii sch¢m¢ in I IIK io tkw ethlianls. all employees. in cvunirie5 M'h¢r¢ lh¢ slgte pension PTOViSiOn is noi ¢on$ider¢d 3uificieni. have the OPrtunI lo bEp¢fii from a defined cthntributlQJl Scheme provide by th¢iT local employer. Pa¥L 49

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENT5 For the year ¢nd¢d 31 DeceMr 2021 22. GROUP POST EMPLOYMENT BENEFITS ICONTINUEDI Group The amounl r¢wgnis¢d a8 exFnse for th¢x d¢fJTd corttribuiion sch¢m¢s 2021 £000 2020 £000 Current period conlribulioiL% 1,992 1.906 23. FINAf4ciAL INSTRUMEp¥rs Croup 2021 Chjxrity 2021 £000 Notc$ 2020 £000 21120 £oou DLriiuli¥¢ financi41 insirvm¢nis 19 1581 1102} Groyp= Dtriv4livt finttcil ihs¢r#mtN¢s- IDlerst fAtt swips I lil (iri)up lid% LnlcrL¥d inii) InlLTINI raic %iiaps rL1ve inierest & l-'I IKIB()R and pay inieresl al a lix¢d 1.4611.4W/o. '[ hL IWI) swap% lir¢ bas¥d un a prinLipal Jm(MJni of 3.500.(KKI F.IIR. 10 loans hcld with Iwo french bonks. and they mJiure in 2112612027 on Ihe 5am¢ date as Ihc bank. loan5 10 i%hiih I). relaie. I'he inslrum¢ni$ #re ttsed 10 hed¥e IhL Irroup s ¢xN)$ur¢ 10 inicrcsi r&te Mov¢Th on Ihc Iwo loan$.'fhe fair vuliie of Ihe inlcT¢51 T41L 8WaP8 1.% £158kl 120211.. £1102kll. C'J¥h on IM>ih ihc loan the inffti Taic swap5 art pAid quarterly Umil 202612027. 1)urin8 the financial year a h¢dBi118 guin i?1'£44k12020.. £14kl was rcco8nis¢d in othtt crrfnpT&n¥iv¢ irKom¢ for ¢han8es in lh¢ fair Vol thf the inlerLsI rule swap. 24. ANALYSIS OF MOVEMENT IN FUNDS GROUP Flr Value Restt Ilnreslrici IDesiinttd und) £ovo Non- funds £000 iultrtsl Total At l Jllrtuatv 2020 N¢i nioveinenl in fw Rev&luation Ir#nsfLr Ai l Januarv 2021 Nel mov¢tneni in fun R¢valuotion Ir$re Luss on invcslment5 AI 31 DLcemb¢T 2021 595 90.563 16.096 63 106.722 7.580 91.158 63 532 107.254 7,611 31 30 30 114.835 J14Jl7 31 Fir Vllle Rt5efVt {Dtsit*ted Fw•dl Land and buildings and planl and tquipm¢M M'ere r¢•l"aJued 3129 DLxember 1989. The Fair Value Reserve is a d¢5ignaled fund meaning ihal Ihe fvnd be distributed unless the proTKrties are sold or Ihe Dircr¢or5 are firsi ssur¢d that the properti¢s mainthin ai It&si Ih¢ir pr¢viow markd value. Pag¢ 50

THE SCOTT BADER COMMONWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021 24. ANALYSIS OF IMOI'EMENT IN FUNDS ICONTINLIEDI CHARITY Unresfrirted ineom+ Controlling funds iDterest ReStt Tot1 £000 £000 £0¢ Ai l JanuiiTh 2020 N¢1 nJovemeni in fu] 517 873 493 .390 493 Ai l Jantjdrv 2021 Nei mov¢meni in funds -oss Dn Inv¢$im¢n15 Ai 31 tkt¢rnkr 2021 517 1.366 1.883 30 487 130 25. NOI'fr:S TO THE CASHFLOW STATEMENT i) R¢conLiliaiii)n 4)I'nei inc4)ming T¢sources 10 M cash provided b). orKNin8 a¢iii'iti¢$ 2021 £'ooo 2020 £ Iiuo Nei In¢ome (or iht flttn¢l•l y¢•r InlLr¢si pthvablL' Inlrrn51 recci%ubk Ta¥alion Sharr of orrtraiin8 profil in jtsbni I'eniurts Lcis% (In disw)sul ol. fIXL &sseis DL'pr¢cialii)n and amortisaiits I%Lhan8¢ dillercnLe C'iiniribulii?ns ii) IIK defjned n¢fil wsion scheme Ilnirc&%tl in $ln¢k% IlnLfL&%ei in d(Ors InLrease in crediiors 7.698 11871 95 1.174 12801 13.171 1253 96 5.410 16991 17891 12301 113.04$) 9,3671 9.188 6.299 855 19(>22 Ntt Csh provided bv operti#i ttivl¢ies 857 bl Analysis ol'chanses it) n¢1 de Ex¢hnzt ntt moverntDI AIJI Dtrembe r2021 JaBurv Ci$h Gr•up 2021 Csh and EqTAiv*leMts: Cash Ob¢rdrafi 40.665 18.2441 16.409 114.653 32,421 6.4U9 26.012 40.065 Borrowinis: B()rro%4in¥s- repayable "ithiN on¢ y¢ar Borro1n8$- repayabl¢ aft (¢ year 15961 92 498 SW 41 85 126 14631 1.308 12.4871 Net CMh 38.178 I4.13 126 24.241 Page51

THE SCOTT BADER COMMOiYWEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS For ihe yvar end¢d 31 December 2021 26. GROUP CONTINGENT LIABILITIES Group.. Pension Scheme Funding". Scoii Bader C'ompany Litnilcd entered inio a guaranlec in March 2007 wilh Swil Bddcr Pension Sclietnt I"ru51e¢s Limilcd wheTLbJ the C'ompany gwanieed Ihai (he Scoii Bad¢r IJK Limiied pen%ion hern¢ M'uuld bc 105 /. fundL41 on S179 valualion should the principal emplov¢r. Srott Bader UK Limii¢d. fail to fulfil its agrttd obligalinjs 10 the P¢nsiL)n Trtssiees. 27. GROUP CAPITALANDOTHERCOMMITMENTS Croup 2021 Groiip 202U £'o al COntrt1 for fut•re ¢•pitsl tipadllrt m•t pr•vided in thé Il#a#til statemtuts- Property. plant and oquipmtnl No expenditure has •lihough con1raS hav¢ b¢en Pl 37 bl futu minimym Itxst YmeNts uder pow4Attllable open¢i•i kws for taeh of the followiAi Ptriod5: Group 2021 (iThiup 202 £'o(xJ Ni)I laier ihon onc ycor l.aier than onc )'¢aT und iaier Ihan five yrdrs l.yllr Ihdn five >e¥rs 1,240 2.440 l.J81 1.294 3.179 1.962 6.435 I'h¥ Comm(Inweulih has M 0ra¢18 l¢ase commiimcnts 1131 Ikcemb¢r 202112020.. Nill. 28, RELATgD PARTIES Group I"IIL Coinpiiny ha4 8rartlcd manula¢iuring lic¢ntt5 to Siytn Scoti Badcr. one ot'ilie CITOUP 5 joint venlur¢s durin8 Ilic year. RLI'L'rtUL' o1.£21 Ik1202U.. £188kl r¢io8niscd. ThL C-ompJn> r¢r¢iv¢d dividet)ds from fJpecialidks Quimica5 Tith vf £96k 12020.. £56kl. nn¢ (If the IBroup 5 jnini veniurej. durin8 ihc vcgr. Thi Crrpup h#$ provided a capithl conlribu¢iM Polymer Mimaics Limii¢d of£431.1MIO12020.. £154.0(M>I. ('h*rlty 'rh¢ l ommonw¢41th reirnbursed SBCL. pl rosi. for mawcmcni SeTViC¢5 provided in Ihc >car of £45k 12020.. £38kl.'fhc n¢1 year end balunr¢ of mot)ey owed by 5BCL to The Commonweolih .9 £1.304k 12020.. £1.095ki. 29. LEGAL STATIIS OF THE SCOTT BADER COMMONWEALTH LTD Tht SLolI Badcr Comnionwealih Lid is a companv liThiied by ¥1¢¢ witknul 5har¢s a1 a re8151er¢d Charity. Th¢ liabiliiy ot'¢aEh m¢mkr in the cveni 0[.]ndIng up is limiied kn 5p. Pa8e 52

THE SCOTT BADER COMMONWEALTH LJMITED NOTES TO THE FtNANCIAL STATEMENTS For th¢ J'ear ended 31 Decem1[ 2021 30. SUBSEQUENT EVENTS Th¢ following item occurred subs¢quEnT lo 311)ecemtrKr 2021.. Russia inladcd lJkraine on 24 1.ebruan 2022 irk • aa of awession. and ai Pre1 ihe conllici in UkrainL LDniinu¢s jh unkN}. £onse4u¢nc¢$ acn75s the globe. There is ex1 10 be a signtlicanl inipaa M'iih regards io )lh Ilie supplv ol'k"¢y rai% mai¢rio1s in line u'iih ihe imp#¢i LNperi¢nr&yl the chemi¢a15 induslTh as i4.ell as higher cner&i' Ll?51s. Th¢ full impact on Ihc Ciroup rn01 be quaniiti¢d 01 th¢ dale ot'ihese Financial Sl¢[DeI bui ihe GTOUP li&% id¢nlili¢d IIK n¢¢d 10 coniinue lose morbilOTing of its exw)sur¢ in this region and ¢OilS in 8ra] Retent Gmup forecasts and 41uu*I r¢sulis sincc Ik balae d#i¢. ld managcment 10 conclud¢ ihai Ih¢ Bader Group rcmains iiell sitIon¢ io navigai¢ ihrough these uncerlain lim¢5. and iiiih(rfJi requ¥r¢mvnl for adjusiments io Ihcse Financial Siaiements as pr¢s¢nlcd. Pag¢ 53

2021-12-31-accounts

nies Art 2006

corpontioa