REGISTERED COMPANY NUMBER= 01960980 (England and Wale51 REGISTERED CHARITY NUMBER.. 293835 Report of the Trustees and Financlal Statgmenl$ for the Year Ended 31 March 2025 for THE ELIZABETH FOUNDATION Knox Cropper LLP Chartered Accounlanls and Stalulory Auditors Office Suite 1 Haslemere House Lower Street Haslemere Surrey GU27 2PE THE ELIZABETH FOUNDATION Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of tho Trustegs Report of tho Independent Auditors 10 to 13 Statement of Financial Activities 14 Balance Sheet 15 Cash Flow Statement 16 Notes to the Financial Statements 17 10 34 THE ELIZABETH FOUNDATION Report of the Trustees for the Year Ended 31 March 2025 The Trustees who are also directors ol the charity for the PLJrpos@s of Ihg Companies Act 2006. present their report with the financial slalemenls ol the charity for the year ended 31 March 2025. The Trustees have adopted the provisions ol Accounting and Reporting by Charities.. Slalemenl DI Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffecliv8 1 January 20191. OBJECTIVES AND ACTIVITIES AIMS AND OBJECTIVES The Elizabeth Foundation's objects are.. To further the education of deal children, children with additional sensory needs. their families, support netr￿Orks and wider communities. The relief ol deaf children and children with additional sensory needs by the provision of help and assistance to them and their families, support networks and wider communities, and by the promotion of the early idènlificalion of deafness and hearing loss in babies and young children, and the promotion of high-qualily audiological care and support for all. To further these objects, The Elizabeth Foundation has adopled the mission lo facilitsle eady diagnosis for babies and pre-school children with all d&grees of deafness, and provide comprehensive educational and support services for them and their families. By doing so we enable these ¢hildren lo develop their listening and spoken language skills. build their sell-esleem, and give parents the confidence and knowledge lo make informed decisions on behalf of their child. The Operational Plan for 2024-25 followed five strategic goals.. Goal 1.. To continue lo evolve our services through ever-changing best practice lo meet the diverse needs of our families Goal 2." To seek opportunities lo widen our reach, reacting positively and with flexibility lo the changing needs of our families Goal 3.. To diversify fundraising to deliver servi¢8s and rnainlain our facilities Goal 4.. To review corporate services lo create resilience and build sustainable income Goal 5.. To engage a robust marketing plan both for servic&s and for funding ACHIEVEMENTS AND PERFORMANCE Al The Elizabeth Foundation. our core services comprise of 2 baby groups, 3 toddler groups and 8 pre-school groups with 83 families from 13 different local authorities being supported al our family centr& on 8 regular basis during 2024-25. We provide a high-qualily edLJ¢alion programme for children and farnilies. This in¢ludes parenufamily support, monitoring and assessment lor speech, language, listening and Communication, an Eady Years Foundation Siage Curriculum in the nursery setting, and reporting for Education Health and Care Plans1 school transition. Parents and families remain an integral part of our seNice provision. with family involvement al all limes Ihroughoul the programme. In addition lo our core services, we support families through our Listen Groups- for Chi￿dren with Down syndrtsme, children with one~sided andlor conductive hearing loss, and for children with s&vere and complex needs. For those families who cannot access our services due lo transport or distance, we have an online home leaming programme called Let's Lislen and Talk. an inleraclive programme lo support families wilh children with hearing loss. Families from across the UK can also access our services through the Summer Residential Programme, an intensive one-week programme for the whole family. Page 1 THE ELIZABETH FOUNDATION Report of the Trustees for the Year Ended 31 March 2025 Goal 1.. To continue to ovolve our sgrvicgs through everrfhanging best practice to meet the diverse needs of our families Our 2024125 lans.. To continue lo review our rnodels of education for all services to ensure that we use best practice in our lesching strategies and tèchniques To build skills and knowledge acrDSS Dur team so that we can ¢onsislenlly provide accurate, quanlilalive and qualilalive data lo evidence the impact of our work To involve and engage parents and past serVi￿- users To partner wlh professional organisalions lo ensure that families re￿1ve the highest leve1 of support To strengthen our partnerships with key stakeholders who collate and publish evidence of the needs of children with hearing loss, its long- term impa¢1 and the differen￿ that eady intervention can achieve To safeguard our benefioiaries and staff through our embedded culture, processes, protocols and reporting mechanisms lincluding regLJlar 1..1 appraisals and open-door policy for staff and volunteers with senior managers) Our 2024125 achievements.. We continue lo provide 'Oulslanding' services lo children with hearing loss and their families from all across the South of England Wè had 8 re-accredilalion visit from Speech and Language UK (formerly I Can) and we received very positive feedback and maintained our 'Specialisl' accredilalion slalus All children receive lermly individual education plans IIEPSI and parents are updated regularly with achievements and 'nexl-sleps' Staff from TEF contributed evidence for EHCP assessments for those children who required this Our BSL dictionary lor all topical vocabulary in our nursery is complete and available on our website We continued lo work with UCL on their language and literacy research project.. and WÈ attended meetings re the parenl-child inleraclion study. We hosted assessmenvdats collection sessions al TEF for our graduates We continue to work closely with National Deaf Children's Society, Ewing Foundation, Advanced Bionics, Cochlear, and Auditory Verbal UK likeminded charities and businesses that are all working towards similar goals of supporting families with deaf children We wrote articles for the CICS and BATOD magazines We hosted 3 professional days for people who work in the field of deafness lo leam more about our seNices We hosted a placement for a Ihird-year psychology sludenl 1 day per week for the academic year We hosted a sludenl Teacher of Deaf for training We completed our action plan for safeguarding developed from our Safeguarding Compa¢1 and we have allended training for Safeguarding Leads Staff mèmbers continued with BSL training We allended mulli4isciplinary mtrelings with local professionals Page 2 THE ELIZABETH FOUNDATION Report of the Trustees for the Year Ended 31 March 2025 Goal 2- To seek opportunities to widen our reach, reacting positivaly and with flexibility to the changing needs of our families Our 2024125 lans.. To increase the reach and scope of services so Ihal we Can support families remotely through outreach programmes, considering government guidance and financial r&slraints To continue lo update and develop our outreach services lo meet the varied needs of families Our 2024125 achievements- Let's Listen & Talk ILL&TI enrolm8nl increased lo 1,464 compared with 1,285 al the same time last year, made up of 848 families and 616 professionals We launched our new LL&T app We ran a live music session for parents and babies enrolled on the online programme continued our professional training programme about LL&T. allending virtual lear rneelings with sensory impairment teams and cochlear implant leams across the UK We attended the BCIG - a national meeting for cochlear implant professionals which helped make or deepen connections wth th& big cochlear implant manufacturers. We are working in close partnership wlh M6d-El as well as Advanced Bionics We ran a very successful Summer 2024 programme for 4 families from across the UK and Ireland. We Driginally had 6 families enrolled, bul with further investigations, il felt like two of the children were not yel developmentally ready lo allend the programme. Feedback was collected to hel identi an further im rovements. Page 3 THE ELIZABETH FOUNDATION Report of the Trustees for the Year Ended 31 March 2025 Goal 3- To diversify fundraising to deliver services and maintain our faclllties Our 2024125 plans: To maintain and develop The Elizabeth Foundation's portfolio of income streams and donor management in order lo deliver core services, maintain our facilities and strengthen fundraising resilience. Our 2024125 achievements.. We successfully transferred over to a new CRM database We successfLJlly recruited 2 new fundraising adminislralors Fundraisin Events.. We successfully ran a wide range of fundraising events lo suit different audience preferen￿S and spending capacities, both communily-related evsnls and those specific lo families attending TEF. These included quiz nights, a goll day, a member-only supercar event and Christmas and Summer fel&s Donor En emenl." We effectively managed our donor journey, slrenglhening engagement ￿rith regular supporters whilst extending invitations to Consider legacy gifts through our complimentary will-wriling service We have broadened our community outreach through inleraclive talks and presentations lo educationa1 inslilulions, Churches, community groups, and associations. Additionally, we have mentored volunteers ranging in age from 16 10 82, enhancing our community involvement and increasing capacilylskills wilhin the charity We have initiated outreach and relationship building rilh local community associations - e.g. Wl, Freemasons and Rotary groups We have invited guests to visit the family centre lo witness our work first-hand, fostering a deeper connection with potential donors and supporters Grants.. We updated our project documents for grant funders and corporate foundations lo align with updated giving criteria, securing project- based and corè funding We have added projects lo new, external funding platforms lo increase awareness ofour needs and impact, allracling additional support We have mairnlained and expanded ongoing grant agreements by nurturing existing relationships with grant lunders and we have actively 50ughl new opportunities lor grant fundraising and mark&ling opportunities lo diversify and increase funding sources Cor orate su orters.. We have expanded our reach through presentations lo corporate enlilies al external business meetings and events, effectivel raisin awareness and su ort. Page 4 THE ELIZABETH FOUNDATION Report of the Trustees for the Year Ended 31 March 2025 Goal 4- To review corporate services to create resilianca and build sustainable income Our 2024125 lans- To build up The Elizabeth Foundation's resilience and suslainabilily by continuing lo follow a long- term approach to financial planning To enhance our regular income streams by developing the potential of our existing assets To conlinug lo ke&p pace with evolving legislation & b&51 practice ¢on¢eming people management, for both staff and volunteers To ¢onlinue lo maximise the efficiency. reliability, security and safely of our corporate services functions. Our 2024125 achiovemgnts.. 'Jusl Ears, began offering a weekly ear wax removal clinic in the Tesl Centre We installed air discuss topics in greater detail in order to further their understanding of Ih&ir role and how il conlribules lo the development and stewardship of The Elizabeth Foundation, The Trustees have been circulated with the lalesl version of the Merllorandum and Articles of Association and the 'Essenlial Trustee" They are en¢Duraged lo regularly visit the Charity Commission website and seek extra training as they see fil. REFERENCE AND ADMINISTRATIVE DETAILS Registored Company number 01960980 (England and Wales) Registered Charity number 293835 Rggistgred office The Elizabeth Foundation Southwick Hill Road Cosham Portsmouth Hampshire P06 3LL Trust&as P H Ardem A J Given T C R Holloway- Chair S J Hutchinson (resigned 23.10.241 l L Manuel S R Windridge C D Dalton lappoinled 30.4.251 H D J Thomas lappoinled 24.7.241 Page 8 THE ELIZABETH FOUNDATION Report of the Tru51ees for the Year Ended 31 Mar¢h 2025 REFERENCE AND ADMINISTRATIVE DETAILS Auditors Knox Cropper LLP Chartered Accounlanls and Statutory Auditors Office Suite 1 Haslemertt House Lower Street Haslemertr Surrey GU27 2PE STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees (who are also the directors of The Elizabeth Foundation for Ihe purposos of company lawl are responsible for preparing Ihe Roport of th& Tmslees and the financial slalements ill accordance wlh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law requires the Trustees lo prepare financial slalemenls for each financial year which give a true and fair view ol the Stale of affairs of the charitable Company and of the incoming resources and application of resources, including the inwme and expenditure. of the charitable company for that period. In preparing those financial slalemenls, the Trustees are required lo select suitable accounting policies and then apply them consislenlly., observe the methods and principles in the Charity SORP., make judgements and eslimales that are reasonable and prudent., prepare the financial statements on the going concem basis unless il is inappropriate lo presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the charitable company and lo enable them lo ensure that the financial slalernenls comply wlh the Companies Act 2006. They are also responsible lor Saf￿Uardlng the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Tnjslees are aware: there is no relevant audit information of which the charitable company's auditors are unaware., and the Trustees have taken a51 steps that they ought lo have taken lo make themselves aware of any relevant audit information and lo establish that the auditors are 8ware of that information. AUDITORS The auditors. Knox Cropper LLP, will be proposed for re-appoinlmenl at the forthcoming Annual General Meeting. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating lo small Companies. Approved by order of the board of Trustees o 23 July 2025 and signed on ils behalf by.. T C R Holloway - Tru ee Page 9 Report of th8 Independent Auditors to the Members of The Ellzabeth Fotjndatlon Opinion We have audited the financial slalements of The Elizabeth Foundation Ilhe '¢harilable company'l for the year ended 31 March 2025 which ¢omprise the Slalemenl of Financial Aclivilies, the Balance Sheet, the Cash Flow Statement and notes lo the financial slalemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial slalemenls.. give a true and fair view of the slate of the charitable company's affairs as al 31 March 2025 and of ils incoming resources and application of resources, including ils income and expenditure, for the year then ended., have been propedy prepared in accordanTr with United Kingdom Generally Accepted Accounting Practi￿., and have bèen prepared in accordance with thè requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities lor the audit of the financial slalemenls section of our report. We are independent of the charitsble company in accordance with the ethical requirements that are relevant to our audit of the financial slalemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requ1￿MentS. We believe that the audit evidence we have obtained is sufficient and appropriate to provide basis for our opinion. Conclusions relating to going concern In auditing the financial slatemenls, we have concluded that the Trustees. use of the going con￿rn basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions Ihal, individually or collectively. may cast significant doubl on the charitable company's ability lo ctsnlinue as a going concem for a period of al least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with respect lo going concem are described in the levanl s&¢lions of this report. Other Information The Trustees are responsible for the other information. The other information comprises the information included in th6 Annual Report, othèr than the financial statements and our Report of the Independent Auditors Ihereon. Our opinion on the financial slalements does not cover the other information and, except lo the exlenl otherwise explicitly stated in our report, we do not express any form of assurance conclusion Ihereon. In connection with our audit of the financial slalemenls, our responsibility is lo read the olh&r information and, in doing so. consider whether the other information is materially inconsislenl with th& financial slalemenls or our knowSedge obtained in the audit or othenNise appears lo be materially misslaled. 11 we identify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether this gives rise lo a rnalerial misslalement in lh& financial sialemenls themselves. If, based on the work we have performed, we conclude that there is a material rnisslalemenl of this other informats'on. we are required lo report Ihal fact. We have nolhing to report in this regard. Page10 Report of the Indepenijent Audltors to the Members of Tha Elizab8th Foundation Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Report of the Trustees for the financial year for which the financial ststemenls are prepared is consistent with the financial slalements.. and the Report of the Twslees has been prepared in accordance with applicable18gal requirements. Mattors on whl¢h wo are requlred to report by exception In the light of the knowledge and understanding ol the charitable cofflpany and ils environment obtsined in the course of the audil. we have not identified material misststemenls in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2D06 requires us lo report lo you if, in our opinion.. adequate accounting records have not been kept or relums adequate for our audit have not been received from branches not visited by us, or the financial sialemenls are not in agreement with the accounting records arid returns,. or certain disclosures of Tnjslees. remuneration specified by law are not made.. or we have not received all the information ancl explanations we require for our audit., or the Trustees were not enlilled ID lake advantage of the sma11 companies exemption from the requirement lo prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of Trustees As explained more fully in the Statement of Trustees. Responsibilities, the Trustees (who are also the directors of the charitable company for Ihe purposes of company lawl are responsible for the pr¶lion of the financial slalemenls and for being satisfied that they give a true and fair view, Snd for such inlemal CDnlrol as the Trustees determine is ne￿$sary lo enable the preparation of financial slalemenls that are free from material missialemenl, whelhef due lo fraud or error. In preparing the financial slalefnenls, the Trustees are responsible for assessing the charitable company's ability lo continue as a going Concern, disclosing. as applicable, mallers related lo going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or lo cease operations, or have no realistic alternative bul lo do so. Page11 Report of the Independent Auditor$ to the Members of The Elizabeth Foundation Our responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are free from material misslalemenl. whether due lo fraud or error, and lo issue a Report ol the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misstatement when il exists. Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected ID inflLJence the economic decisions of users taken on the basis of these financial slalemenls. The extent lo which our procedures are capable of delecling irregularities, including fraud is detailed below.. We obtained an uriderslanding ol the legal and regulatory frameworks that are applicable ID Ihe charity and determined th81 the most significant are thè Financial Reporting Standard 102 'The Financi81 Reporting Slandar applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice) and the Charities SORP "Acwunling and Reporting by Charities.. Slalement of Recommended Praclice" The Charity is required to comply with charity law and, based on our knowledge of ils aclivilies, we identified that the legal requirement to accurately account for restricted funds was ol key significance. - We understood how the charity is complying with those frameworks via communication with those charged with governance, together with the review of the charity's documented policies and procedures. We assessed the susceptibility of the charity's financial statements lo material misstalemenl, including how fraud might occur by considering the key risks impacting the financial statements. These inclLJded risks associated with Revenue Recognits'on and Managerllent Override ol Controls, which were di5CU5sed and agreed by the audit team. Our approach included agreeing the charity's recognition of income lo the terms of the underlying grant agreements and associated correspondence, the review of journal entries processed in the a¢¢ounling records and the investigation of significant and unusual transactions idenbfied from our review ol the accounting records. Our approach was also lo check that restricted income was properly identified and separately accounted for arid lo ensure that only valid and appropriate expenditure was charged lo restricted funds. This included reviewing joumal adjustments and unusual transactions. Based on this understanding we designed our audit procedures to identify non-compliance with suoh laws and regulations. Our procedures involved review of the reporting lo thè directors wlh respect lo the application of the documented policies and pmcedures and review of the financial slalemenls lo ensure cornpliance with the reporting requirements of the charity. There are inherent limitations in the audit procedures described above and, the further removed non