2024-03-31-accounts

CHILD POVERTY CTION CHILD POVERTY ACTION GROUP (A Company Limited by Guarantee) Report and Financial Statements Year Ended 31 March 2024 Company Registration number1993854

Child Poverty Actlon Group IA Company Llmlted by Guarantee) Report and Flnanclal Ststements Year Ended 31 March 2024 Contents Trustee5' report incorporating the strateglc report................................................ .3-30 Independent auditors, report........................................................................... .31-34 Statement of financial activities.................................................... .35-36 Balance sheet..................................................................................................... ..37 Cash flow statement......................................................................................................................................................................................38 Notes to the financial statements.................................... .39-53

Chlld Poverty Action Group IA Company Llmited by Guarantee) Report and Financial Ststements Year Ended 31 March 2024 The charity's aims Objects of the charity The objects of the charity are to prevent poverty among children and families with children and to promote action for the relief directly or indirectly of such poverty, in the UK. Our vision Our vision is of a society free from child poverty, where all children can enjoy a childhood without financial hardship and have 3 fair chance in life to reach their full potential. Our theory of Change: By promoting our values, we advance the public and political will for a society free of child poverty By developing evidence-based 501utions, we encourage policymakers and practitioners to att to prevent and end child poverty By campaignin& we work towards social and political change that will keep families from poverty By developing and sharing our social security expertise, we help maximise families, resources, inform our evidence for change and, through our social enterprise, sustain our income Our strategic objectives are: Objective l- strengthen public commitment to end child poverty Objective 2- ensure government adoption of evidence-based policy solutions to child poverty Objective 3- use our expertise to maximise family incomes and reduce child poverty Objective 4- continue to be a sustainable charity Objective 5- be a great place to work

Child Poverty Action Group IA Company Limited by Guarantee) Report and Flnandal Statements Year Ended 31 March 2024 Key activities, achievements and performance in 2023-2024 Delivering public benefit The charity's Trustees have had due regard to the Charty Commission and OSCR guidance in relation to delivering public benefit. and particularly in relation to benefiting a section of the public and to fee charging activities. CPAG'S work is specifically aimed at benefiting the 4.3 million children in the UK growing up in poverty, and their families. Some of the second-tier support we provide through publications, subscriptions and training to frontline advisers is charged for with different levels of charge levied depending on the nature of the organisation. In 3ddition, some published material is provided on a heavily subsidised basis to individuals in receipt of state benefits. Child poverty in the UK in 2023 It is devastating to report that official statistics published this year show child poverty has reached a record high, with an estimated 100,000 more children pulled into poverty since last year. The two-child limit to benefit payments is a key driver. Oesplte this there have been positive changes in some areas. Positive changes for children and families this year All benefits increased by Septemberfs inflation rate. Local housing allowance also rose, giving families in private rented homes more support with housing costs. Universal primary free School meals have now been rolled out in London. The Scottish government's Programme for Government confirmed tackling child poverty as a 'National Mission, and introduced a commitment to expand funded childcare for 13,000 rnore children. The household support fund in England was extended by 6 months. More families now receive child benefit as the eligibility threshold before families are affected by the high- income child benefit charge is increased. Income thresholds have been removed from Best Start Foods in Scotland, in line with Best Start Grants. The Department for Work and Pensions IDWPI has made improvements to the universal credit payment statement, increasing transparency. CPAG in numbers o increase in support from our social secuiity system 54 / + Your WO￿ Your Way parents in worf( or selfvemployment 30,052 peo* supported through our helpline for advtsers

OO,000 families benefftfrom expansion of child benefft

Child Poverty ActSon Group IA Company Llmlted by Gtjaianteel Report and Financial Statements Year Ended 31 March 2024 Voice matters: Spotlight on our work with children, young people and families We try wherever possible to centre the voices of children and families to drive the conversation on child poverty and its 501utions. This year, we launched the Cost of the School Day Voice neI￿ork, made up of children and young people in 290 schools across Scotland taking artion on school costs and making education more inclusive. We know that young people c3re about fairness, rights and equity. They have great ideas about making school more inclusive, are passionate about taking the lead on reducin8 Costs in their schools and want to contribute to creating change. The network gives schools who join access to lots of great activities and opportunities to learn about campaigning and awareness raising, to develop resources, to meet up online with other groups to learn from each other and to speak directly to politicians and decision makers. Children and young people across the network are already making a difference in their school communities. and at a larger scale. More than 5,000 of them took part in the first Cost of the School Day Big Question last October to inform policy and advocacy work with the Scottish government, local authorities, schools and Education Scotland. We asked young people about food, trips and what is needed to feel ready to learn at school. Their insights are vital if we are to narrow the attainment gap and improve outcomes for children and young people affected by poverty. Children and young people bring creative solutions to common cost barriers to learning, and we will continue to advocate with them until their recommendations are acted upon. rNttigXD,'.L,' . Picture from Linlithgow Primary School

Child PovertyAction Group IA Company Limlted by Guarantee) Report and Flnanclal Statements Year Ended 31 March 2024 We supported four young people to attend 2 conference where thev asked the Scottish government's cabinet 5ecret3ry for social justice '3re vou aware of the high cost of the school day and do you think your government is doing enough to support families with these costs?, Two voung people from a Falkirk Cost of the SchoDI Day pupil group spoke on school uniform costs and the school clothing grant at a Scottish Parliament roundtable we organised alongside the University of Aberdeen. And we supported young people from 3 South Lanarkshire Cost of the School Day pupil group to present to more than 80 Education Scotland staff members at a Cost of the School Day 'Connect with Colleagues, session. The CPAG youth ponel gives young people L7 voice when it comes to tockling child poverty, something I believe 15 cwcial... I knowfrom the opportunities the CPAG Youth Ponel hus engaged in, including presenting at conferences, ottending MP roundtL7bles, andspeoking on panels, thotyoung people'5 perspectives resonate most with a wide ronge of au(Jiences. It 15 listening to young people to drive action that will leL7d to chonge. In Wales, our Cost of the School Day- Everyvoice heard project, funded by the National Lottery Community Fund has begun. This is a children's voice and whole school community project exploring the financial implications of schooling for families. We are helping schools and local authorities to identify and overcome cost barriers to Èducation, so that all pupils can have the same school experience. Lilly, CPAG'S Youth Panel We seek to explore the views of children, families and school staff on current policie5 and practices in education, and their own lived experiences of poverty. We want to help them engage with and improve the seryices provided by schools. We are also connecting policymakers with learners, so they hear directly about the experience of young people on issues related to poverty and education. We are bringing to the fore the voices of young people from background5 sometimes inadvertently excluded by existing engagement mechanisms. The project builds on the UK Cost of the School Day project, which ran from 2019 to 2022. The evaluation of that project concluded that our work made 'a demonstrable impact.. on the wellbeing of children and families, reductions in the costs of schooling, strengthening of the institutions of schools through new structures and processes, and impact on policy at school, local authority and national levels,. We are working with schools in Neath Port Talbot, Powys, Monmouthshire and Cardiff local authority areas. All schools who participate in the project will have a to-produced artion plan to guide all school staff in their approach to tackling poverty. We support pupil research groups, a young person's policy panel and best practice networks for school staff. To ensure change is long lasting. we will develop resources for parents, Carers and school staff, such as training and Euidance on welfare rights (to promote income maximisationl and poverty-sensitive communication. We will SLJPPOrt schools across areas to share best practice and learn from each other. We recognise the limit on staff capacity in schools and have thèrefore designed our delivery model to avoid overburdening schools, offering support over a sustained period of time and working to fit with their ongoing priorities. Our London-based Youth Panel are a group of 13-18-year-olds passionate about highlighting the everyday realities of children and youn8 people living in poverty. The Panel has designed workshops that have been presented to other young people, spoken on panels alongside other organisations, and had conversations with MPS 3t the Houses of Parliament. The Panel has focussed on the impact that poverty has on education and children's experiences at school, and povÈrty-related isolatlon and stigma.

Child Poverty Action Group IA Company Limlted by Guarantee) Report and Flnancial Statements Year Ended 31 March 2024 Youth Panel members have represented CPAG at a number of external events including the London Challenge Poverty SLJmmit and the Fair Education Alliance Youth Surnmit and delivered a workshop at the Rethinking Education Conference. We were also very pleased to support the UK Youth Parliament with their campaign on free school meals. Members of Youth Parliament met with their MPS to talk about free school meals, at events called 'Spill the Tea,, and then debated the issue in the House of Commons last November. We launched the lived experience evaluation of the London universal primary free school meals policy and will publish results later in 2024. Early insights include that the policy is helping household budgets. reducing family debt levels, and families can clearly identify how money saved is being spent e& Dn uniforms, school shoes, half- term activities and food. The Greater London Authority commissioned sessions with our Family Panel, made up of Londoners from Black and minority ethnic backgrounds, to understand their perceptions of the policy. The Panel was also invited by Transport for London to discuss the ULEZ policy, 2nd the scrappage scheme was extended to farnilies receiving child benefit soon 3fter. Participants in the Benefit Changes and Larger Famllles study were part of a parent adviser panel for a Nesta research project on the impact of the two-child limit on Èducational outcomes. We continue to be a partner on the Changing Realitie5 project with the University of York and more than 100 parents and carers on a low income across the UK. Together we have produced briefings calling for change to better support families, covering issues such as the cost-of-living crisis, employment support and mental health. Together, we met the then shadow minister for social security Karen Buck and eight participants brought the project to Westminster to meet MPS at a lobby day. The project raises up parents, voices, 3nd as well as making substantive poliry recommendations it Pushes for people with lived experience to be part of the policy making process. This year the project published a toolkit on involving lived expertise in research, policy and campaigning to encourage others to work in this participatory way.

Child Poverty Action Group IA Company Umlted by Guarantee) Report and Flnanclal Statements Year Ended 31 March 2024 Delivering our objectives Objective l - strengthen public commitment to end child poverty Imagine We launched a big public campaign, a first for CPAG, which showed the experience of povety from a child's perspective. It drew on children's imaginations, which should be reserved for the marvellous and magical. but sometimes are used to dream of the thinES many kids get to take for granted, like a full lunch box, school trips with their friends, and 3 warm home. It featured 3 film and billboard adverts. The campaign was launched with new research showing over three quarters of parents worry about not having enough money to provide for their family, and 65 per cent of children report money worries themselves. Over two thirds of parents say that these days their children have too many money worries and challenges to be able to enjoy their childhood. DREAM OF RIDING MYTHICAL CREATUkES. OTHERS DREAM OF OWNING A BIKE. The campaign helped us reach new audiences with our message about child poverty and was seen by 5 million people. It opened the door to new policy contact5, was well supported by the sector, and helped raise the profile of child poverty in the run up to the general election. We received a lot of pro-bono SUPPOrt to make this happen and are grateful to all who contributed. The Imagine film won the Piccadilly Lights prize and was shown on the largest Screen in Europe lin Piccadilly Circus). It has picked up several other industry prizes. Imagine advert Campaigning on benefit adequacy and cost of Ilving support We again had to campaign for benefits to be properly increased with inflation this year, which should never be in doubt. We convened a small group of high-profile anti-poverty organisations to share intelligence and strategise about benefit adequacy concerns ahead of the 2023 autumn statement. We also worked with children's doctors, school leaders and social workers to highlight the issue. Following significant engagement by CPAG with othèrs, we successfully urged the government to uprate benefits by 6.7 per cent Iseptember's inflation ratel in April 2024. And the government increased the loca[ housing allowance. The Work and Pensions Committee agreed with us that 'benefit levels are too low,. When further cost of living support payments were paid this year. the Committee also agreed that flat-rate payments are not good enough for families, stating that 'future cost of living support payments should take account of family size. None of this support will undo cuts made over the past 14 years. The UK is in u￿ernt need of a strategy to tackle child poverty, something we have been campaigning for since the Child Poverty Act 2010 was abolished. In our view, the plan must include removing the two-child limit and benePIt cap, increasing child benefit and expandinE free school meals. The incoming Labour government has now committed to cleveloping a comprehensive child poverty strategv.

Child Poverty Actlon Group IA Company Umlted by Guarantee) Report an¢J Flnanclal Statements Year Ended 31 March 2024 The two-child limit We have continued to be vocal opponents of the two-child limit, which became a prominent issue in the nation31 debate this year. It now affects one in 10 children. We have led calls to abolish the policy since before it was introduced. We have highlighted the devastating impact of the policy on children and families and campaigned with others for it to be scrapped. The End Child Poverty IECPI coalition, which we host. has taken on the All Kids Count campaign 3g3in5t the policy. Having all 120+ members of ECP join us in calling for the Policy to be scrapped has been very powerful. In Scot13nd, we have focussed effort5 on persuading the Scottish government to mitigate the policy as fully as possible, as it does the benefit cap. The benefrt cap The benefit cap has been less high-profile an issue this year, but it is vital it is tackled as it causes such deep poverty for the families it affects. Our research showed that in London Iwhere the cap is set higher than elsewhere), a lone parent with three children could have just £44 a week left to live on after paying the rent because of the benefit cap. If that family was able to acce55 their full entitlement, they would have £276 per week to live on instead. The two-child limit and the benefit cap have both been the subjert of the Benefit Ch3nges and Larger Families study, which published its final report in 2023. We are project partners for this study, which produced vital evidence on the impatt of the policies on families. and definitively showed that any purported aims of the policies were not being met. Read the final report at lar erfamilies.stud Chlld benefit We were pleased to see an expansion of who is eligible for child benefit, with the thresholds for the high-income child benefit charEe IHICBCI rising. This me3ns that families where neither parent is earning more than £60,000 are entitled to full child benefit lup from £50,0001. The HICBC is then tapered away once a parent earns above the threshold. Previously, for every EIOO earned above £50,000, I per cent was lost in child benefit, until £60,000, where entitlement was zero. This has changed so that for every £100 earned above £60,000, 0.5 per cent is lost in child benefit, until £80,000, where entitlement is zero. Child benefit, one of the oldest and simplest forms of social security support. was designed as a universal benefit to help all families with the additional costs of r3i5ing children. That universality needs to be restored. And these changes do not address the problem of the loss of value of child benefit and the impact this has in particular on low- and middle-income families who rely on it so much. Child benefit has lost 20 per cent of its value since 2010. Increasing it by £20 a week would more than restore its value, benefit a wider range of families, and reduce child povety by 500,000. Free school meals We published authoritative 2nd widely Shared analysis showing that there are 900,000 children in England who are in poverty yet do not qualify for a free school meal. With Greater Manchester Poverty Action we highlighted that in the North West of England, 100,CM)O children in poverty don't qualify for free school meals. We participated

Child Poverty Action Group IA Company Limited by Guarantee) Report and Flnanclal Statements Year Ended 31 March 2024 io in the Feed the Future campaign activity which took place in early September, highlighting the current postcode lottery around free school meal provision across En8land. We worked with the National Education Union INEUI to understand the knock-on effects of universal free school meal provision, finding that universal free school meal entitlement has these positive effects.. increased financial and psychological security,. improved nutrition and school engagement.. a reduttion in stigma and social exclusion,. improved home/school relationships; changed eating habits,. and a richer school life. Objective 2- ensure government adoption of evidence-based policy solutions to child poverty Child poverty Strategies In December, we published comprehensive analysis on what is needed to tackle child poverty in Endin Child Povert ond how. We launched this at a well-attended seminar at the London School of Economics with the then shadow minister for social security Alison McGovern MP. Our many years of campaigning were rewarded when the Labour party committed to introducing a child poverty strategy at its National Policy Forum in 2023. In Scotland we sit on the Scottish 8overnment's tBckling child poverty programme board. In Wales. the Senedd's Equality and Social Justice Committee published a report Calling time on chilfl poverty.. how Wales can do better, which reflected many of CPAG'S recommendations on what is needed from a new child poverty strategy in Wales. The strategy that was subsequently published by the Welsh government falls short of what is needed. so we will continue to advocate for a robust artion plan with measurable targets. Our annual Cost o o Child analysis in 2023 found that many households continue to face a shortfall in meeting the minimum acceptable standard of living. For example, a lone parent on the minimum waEÈ has a 24 per cent shortfall, and a couple both working fLJII time on the minimum wage has an 8 per cent shortfall. For typical out-of- work families in the UK as a whole, social security provides less than half the income they need to meet a socially acceptable standard of living in 2023. In Scotland, additional support available to families, such as Scottish child payment, and lower costs mean that this shortfall is reduced to around 40 per cent. Social security reform Our research on social security continues to be impactful. Following CPAG engagement, the now governing Labour Party has made a commitment to reforming universal credit. We have a project to document and influence so-called 'managed migration,, where people move from older benefits like income SUPPDrt and tax credits to universal credit. Thanks to support from the abrdn Financial Fairness Trust, we have been undertaking research to identify the key issues 3ffecting claimants going through managèd migration, with the objective of helping to improve the process. We have been gathering case studies and speaking to both welfare rights advisers and claimants to understand how managed migration is affecting households, what is going well and how it can be improved. We are sharing our evidence with the OWP on an ongoing basis, and we have been sounding the alarm in the media. Our reports have been influential in informing a House of Commons Library briefing, as well as reports from the National Audit Office and Public Accounts Committee. Our three-year study on universal credit and the claims, decision-making, communication of decisions and disptjtes culminated in You Rea WhcTt You Code published last lune. We analysed 2.500 case submissions and conducted more than 50 interviews with UC claimant5 and welfare rights advisers. The report paint5 a vivid

Chlld Poverty Actlon Group IA Company Llmlteil by Guarantee) Report and Financlal Statements Year Ended 31 March 2024 li picture of the distress, aggravation and financial consequences caused by systemic rule of13w issues within the digitalised universal credit system. Several recommendations are already being implemented by the DWP.. Changes to the payment statement- the DWP has added more information about specific aspects of a person's universal credit award. such as housing costs. The department is trialling a payment Statement which has two versions- a quick read version, and a more detailed one, for claimants who want this information. Overwritten payment statements- currently if someone's universal credit award is amended, the payment Statement is retrospectively corrected, to make it look like it wa5 correct at the beginning. The DWP is trialling making the original version and amended version available to claimants to increase transparency and support claimants to identify if any further errors have been made. Careds allowance- the univers31 credit claim form now includes a prompt to ask someone if they receive carerfs allowance or not Ito ensure they don't miss out on the carers element of universal credit). We have called for this to be automated usin8 information the DWP already holds, but this a partial fix. We gave written and oral evidence to several parliamentary and government inquiries, including on safeguarding vulnerable benefit claimants, work capability assessments, women and the cost of living, employment support, the sustainability of Scot13nd's finances and fairer council t3x, rural poverty, and 3 Human Rights Bill for Scotland. We submitted evidence to the UN Committee on the Rights of Persons with Disabilities on welfare reform and disability in Britain. We 3150 responded to the previous government's plan5 to change the work capability assessment, increase conditionality and to increase the rate and harshness of santtions. These changes would affect disabled people, parents and those in part-time work. We will continue to g3ther evidence, particularly the lived experience of claimants, of these and other emerging social security issues to advocate for change. See more below on our Early Warning System. We present this evidence at regular meetings with politicians and advisers. Education projects In London we have launched our Young Leaders project funded by the National Lottery Community Fund, which will run until 2026. This builds on the pupil-led approaches used successfully in our UK Cost of the School Day project. It will be1ed by young people and will explore how schools can be better set up to learn from pupils, experiences, to influence change at school, local and national level. We will be growing our London Youth Panel, setting up a Young Leaders network and undertaking a peer research programme with pupils in 18 schools in London. The Cost of the School Day in Scotland continues to support schools and local authorities to remove or reduce financial barriers to education, including through the new voice network. In Wales. we have launched our Cost of the School Day- Every voice heard project (both are described in the spotlight above). The Welsh government is now planning coordinated training and Cost of the School Day approaches that can be rolled out nationwide. We have also started our own England-wide training programme with the NEU, with CPAG staff training up NEU members on C05t of the School Day topi￿ and themes. We convene the Education Anti-Poverty Coalition, formed of school governors, head teacher5, teachers, PTAS and others working in schools to campaign on the impact of child poverty on education, and for action that gets to the

Chlld Poverty Athon Group IA Company Llmlted by Guarantee) Report and Financial Ststements Year Ended 31 March 2024 root cause.. insufficient family income. We suNeyed more than 1,000 school staff across England 3nd published a bird's eye view of poverty in schools. It showed that child poverty in schools is getting worse and increasingly stealing children's learning, with school staff reporting that pupils are frequently tired and hungry. worried, unable to concentrate, and without the equipment they need to engage with the curriculum. School 5t3ff are also being heavily diverted from other parts of their roles as they seek to address the poverty-related needs of their school community. This often means going beyond their remit and skillset. This is bad for schools, and children arè paying the highest price. We also published research on the minimum cost of education, showing that far more support Is needed so all children have the essentials required to take part in school and learn. Families in Scotland get the most government support with the cost of going to school, and families in England receive the least. We will continue to call on governments across the UK to ensure all children have what they need to take part and thrive at school. The world of work Our Barclays-funded programme, Your Work Your Wa Ywyw finished this year, having supported 70 clients in Bury, Coventry, Luton and Taunton with benefits advice and personal employment support. The YWYW support model enabled participants to overcome many barriers to work, particularly around confidence, skills and training, transport and household finances, and subsequently enabled many participants to address in-work poverty. Personal budgets have been key to enabling clients to access specialist trainin& IT equipment, transport, childcare and busines5 Start-up costs. Over 54 per cent of Ywyw participants moved into work or self-employment, 49 per cent achieved 5UStained employment for 6 months or more, and 76 per cent accessed work-focused training. The independent evaluation of the scheme said.. 'Some participants rèported that taking pèrt in YWYW had been life changing. Before the programme, clients reported feeling frustrated, distressed and unsure about the future. After taking part in YWYW. they felt greater self-fulfilment, self-worth and a sense of purpose., We are disseminating the findings of this project widely. with many opportunities to do so given the current focus on getting people into work. It's vital that people are 5UPPOrted to find work that suits them and their families, not just any job. And the government must address the systemic barriers to work such as chilclcare and transport. Strength In working wlth others We do a lot of our work in coalition to increase our influence. In addition to hosting End Child Poverty (mentioned above), we are part of the Scottish Campaign on Rights to Social Security ISCORSSI, and chair the Social Security Consortium of more than 40 organisations working on social security. In Scot13nd we worked with Oxfam, IPPR and One Parent Familie5 Scotland IOPFSI to ensure child poverty was central to the case for more ambitious use of Scotland's tax powers. We worked with OPFS to push the cabinet secretary for communities. social security and equalities to mitigate the young parent penalty using Scottish child payment. And we co-ordinated an open letter to the then first minister on beh31f of members of End Child Poverty securing 150 charities, faith groups, trade unions and community organisations from the Outer Hebrides to the Scottish Borders - urging him to deliver on his leadership campaign commitment to increase the Scottish child payment to £30 a week as part of wider prioritisation of investment across government PDrtFolios. In advance of the UK election, we worked with children's organisation5 to align and strengthen our calls for a child poverty strategy, and for abolishing the two-child limit and benefit cap. We also supported joint sector work on

Child Poverty Action Group IA Company Lifflited by Guaranteel Report and Flnandal Statements Year Ended 31 March 2024 employment, bringing our expertise on childcare and help for second earners. And we published a report with the Runnymede Trust and the Women's Budget Group on poverty in families from Black and minority ethnic communities. Objective 3- use our expertise to maximise family incomes and reduce child poverty Advice and evidence We continue to deliver our highly-valued second-tier seNice for advisers. Available by phone and email, our free expert social security advice lines are open five days a week for frontline workers helping people get the social security support they need. This includes specialist support via our UK-wide and London universal credit advice projects. Our team of 29 welfare rights advisers resolve immediate problems, some complex, and some involving vulnerable clients. Our advisers responded to 7,513 cases helping an estimated 30,052 people this year. We run a bespoke setvice for the Trussell Trust and responded to 787 social security advice queries from advisers working in food banks as well as providing training. l just wonted to poss on my gratitude... used the urgumentyou presented, and my client was successful in his oppe£TI, both getting his housing benefit overpayment overturned but also his dote of housing benefit revised to wipe out his rent urrears. I connot express the impact thot this hos hod on my client. What we hear through our advice service feeds into our Early Warning System, giving us 3 better understanding of how changes to the social security system, including the roll-out of universal credit, are affecting the lives of children 2nd families. Advisers and claimants themselves also directly tell us about the problems they are experiencing, many of which are systemic and so affect lots of other people. This intelligence informs much of our policy, research and campaigns work Isee above), and also feeds into the advice we Eive frontline staff through our training, publications and advice service. Among the problems we highlighted this year was the situation where claimants are not always getting extra amounts of universal credit they're entitled to because of poor data-sharing within the DWP. The Scottish first minister announced the pilot of a Scottish 'fund to leave, domestic abuse scheme informed by Early Warning System evidence and partnership working with Scottish Women's Aid and Engender. The Early Warning System gathered 2,001 case5 this year, and in Scotland we celebrated 10 years of this important project. Frontline adviser Legal work We provide support through our Upper Tribunal and judicial review specialist advice services thanks to funding from The Legal Education Foundation. We advised on 85 upper tribunal cases from 73 advisers at 60 organisations. Visitors to our website downloaded 4,825 pre-action judicial review letter templates, and our judicial review project worker assisted 147 advisers from 132 organisations on 283 issues, provided advice in 167 cases and created 13 new template letters. Recent letters include managed migration notice cancellation templates and one challenging 'claim closure, where a refugee has unlawfully been required to meet the 'habitual residence tÈsV. We are grateful to our trained legal volunteers for their assistance in updating and checking these templates.

Child Poverty Action Group IA Company Limited by Guarantee) Report and Financlal Ststements Year Ended 31 March 2024 14 Fantastic. Provided me with case law and legislation references which mode representing clients Much easier and quicker. Gave me confidence and ossurance. Our legal successe5 included a domestic abuse sutwivor who fled with her daughter and was refused universal credit. The ruling means the government is required to consider the fundamental riEht to dignity of EU citizens and their families residing in the UK. It is the end of a very long road for our client and more than 2,9LK) others like her. Frontline adviser And we supported an EU citizen who is a carer for his severely disabled British wife in his successful leg31 battle with the DWP after a Tribunal found the couple were wrongly underpaid universal credit for nearly 2 years while he had pre-settled status, after the couple's joint claim was refused by the DWP in 2020. We also had to engage in rearguard campaigning to protett existing protections for children and families this year, when the Human Rights Act was under threat. We campaigned in c031ition with other organisations and the proposed 'Bill of Rights, was dropped. We were successful in the Specialist Quality Mark audit of our legal services by the Legal Aid Agency and CPAG also secured a new public law legal aid contract starting I September 2024- our first new legal aid contract in five years. Trainin& publications and information We ran 165 programmed courses and 190 inhouse courses. We held three seminars and three conferences. In total around 3,800 people attended our events. This year saw the return of our conferences being face to face and we were delighted to be joined in London, Glasgow and Manchester by 463 advisers. Our Cost of the School Day Scotland eLearning module continues to grow. The course has over I,O(K) users enrolled, and they are mainly classroom teachers from primary schools. We have published 14 different CPAG titles this year, selling 10,806 publications in total and 4,888 benefit posters. We have 1,100 members (both individual and organisationall. CPAG Welfare Rights is the new dedicated home for all our welfare rights information, advice and tools. We have 4,207 active subscribers. We have added our legal test cases, judicial review pre-action protocol template letters, appeal submission templates and information on benefits in Scotland, making it easier for advisers to find all our resources by brin8ing them together in one place. The aim is to expand the reach of the wealth of welfare rights content and legal support CPAG provides to more frontline workers and advisers. The Welfare Benefits and Tax Credits Handbook and the Benefits for Migrants H3ndbook are available on CPAG Welfare Rights as part of our subscription content. As of 2023124, CPAG had a total of 4,262 subscribers, consisting of 2,498 CPAG digital subscribers, 786 print subscribers and 978 Disability Rights Handbook subscribers. CPAG has increased the number of online resources freely available to better support frontline workers. Our Fuel Rights Handbook has been free to access since October 2022. This has been timely with Citizens Advice data ljune 20231 showing that typical energy bills have doubled since the cost-of-living crisis began. Our Mental He31th and Benefits Handbook and Debt Advice Handbook are also available free online. With regularly updated content and in an accessible format, we are reducing barriers to such important information at a time when so many people's budgets are stretched.

Child Poverty Action Group IA Cornpany Limited by Guarantee) Report and Financial Ststements Year Ended 31 March 2024 15 Objective 4- continue to be a sustainable charity Fundraising Donors to CPAG can be assured that we comply with the regulatory Standards for fundraising. CPAG is registered with the Fundraising Regulator and is committed to the Fundraising Promise and adherence to the Code of Fundraising Practice. CPAG and the fundraising team are members of thè Chartered Institute of Fundraising. CPAG'S fundraising is monitored regularly by the senior management team and Trustees. Registered with FR Fundraising during the year (to end March 20241 raised donations and legacies totalling £963,16412023.. £1,290,2031 and restricted grants income of £2,293,27312023.. £2,766,127). REGULATOR We would like to thank the following trusts and foundations for core, unrestrirted grants to Use where most needed.. Oak Foundation l£lm over five years),. Esmée Fairbairn Foundation1£400.000 over five years),. Pears Foundation I£IIO,000 over two years),. Indigo Trust1£82,750 over three yearsl,. Andor Charitable Trust l£lO,0001,' Gold for Kids1£2,5001 and the following who each donated £1,000.. Golden Charitable Trust, Roger Brook Charitable Trust and Sundour Trust. We would like to thank the Scottish government for continued support of our second-tier welfare right5 advice, information and training services, and our Cost of the School Day project, and also the Corra Foundation for funding towards our Ear￿ Warning System and policy work in Scotland. Thanks to the following forthe significant restricted or project 8rants'. Access to Justlce Foundatlon and the National Lottery Community Fund through the Improving Lives Through Advice progr3mme; the Legal Education Foundation for our access to justice in the social security system projects,. Trussell Trust for the food bank income maximisation project and Barclays for our innovative 'Your Work Your Way, employment support projert. We received other restricted grant5 from a number of trusts to whom we are grateful including.. abrdn Financial Fairness Trust Iproject on difficulties faced by claimants migrated onto universal credit),. City Bridge Trust luniversal credit advice projett in London),. Clothworkers Foundation (Fuel RiEhts Handbook),. Digital Freedom Fund (access to justice in 3 digital means tested universal credit systeml,. Fusion21 Foundation. Riverside and Northwick Trust (Mental Health and Benefits Handbookl- Hogan Lovells and Law for Change Ifree school meals projectl- National Lottery Community Fund (two new Cost of the School Day projects in Wales and Englandl,. Oxfam (state of the nations, End Child Poverty coalition work in Scot13nd and inequalities amplified projects),. Robertson Trust (strengthening social security in Scotland project),. Trust for London (London calling project),. TUUT Charitable Trust and National Edutation Union Ipoverty and education project),. Voluntary Action Orkney (Scottish welfare fund work in Orkneyl,. Waterloo Foundation (towards a Cost of the School Day practitioner in Walesl,. York University IChanEing Realities and Larger Families projects).. and many others includinE those who prefer not to be named. We are grateful to over 2,053 individuals12023: 1,7181 who donated over £226k and to 26,877 supporters12023- 11,7461 who contributed to our efforts in other ways to prevent and end child poverty. We would particularly like to thank everyone who donated to our Big GNe Champlons for Children appeal1£13,8551 and Deborah and Laurence Harris for their generous gift for our legal work. A huge thanks to the following companies for donations, choosing CPAG as their charity of the year and/or staff fundraising.. Human Made Machine1£20.0001.. Equin Ltd1£16,7191.. Kohler Mira1£15,3351,. Management

Child Poverty Actlon Group IA Company Llmitsd by Guarantee) Report and Flnanclal 5tstements Year Ended 31 March 2024 16 Consultancies As50clation1£14,5141', New Look IE8,4721- Brltlsh Gas1£6,S(X)I,. People Alchemy Ltd1£3,6001,' Saison Information Systems Co1£3,0001,. Bryan Cave Lelghton Palsner1£2,0001,. Step Teachers IEI,9401 Paper Blrd Publlshlng (whose Christmas cards raised £1,533),. Compass Education l£1,1441,. Gardner Halliday1£8321,. Open OnllneAgents1£2751 and many more. CPAG does not employ third party suppliers to raise funds. For those who fundraise on our behalf, we ensure that the correct safeguards are in place including agreements with 'commercial participators, or corporate partners. We are extremely grateful to over SO12023.. 751 organisations and individuals who raised over E25k12023.. £55kl through a huge variety of imaginative fundraising and tireless effort including.. young Sebastian and Austin asked for donations to CPAG instead of birthday gifts for a second year,. young Seb 31so asked for donations instead of presents,. Cold War Steve donated £3,244 from Christmas card sales,. Alan walked 2,000 miles raising £2,710- Edward completed the Petra Marathon raising £2,365,. Victoria cycled from London to Paris rai51n8 £2,325,. University College School community raised £2,000,. Nottingham Trent University Primary Education students raised £1,521, and Sophie and Alexia walked 100 km in the Cotswold Way Ultra Challènge raising £1,130. We are very grateful to all our supporters, too many to list here. More fundr315ing heroes can be found on our website. We would like to remember the following with gratitude, from whose estates we received legacies.. the late Margaret Packer, John Ward, Nicolas Ford and Sheila aark. Family and friends donated in memory of our former Trustee Tony Orhnial. Tony was a valued Trustee and friend and we continue to miss his wise advice and support. At CPAG, we are committed to data privacy including compliance with the GDPR. which is a positive step in the way people are contacted and vulnerable people protected. Our fundraising activities are designed to ensure we protect privacy and we have systems in place to enable us to fulfil the wishes of those supporters who do not want to receive appeals. Our website outlines our complaints policy for the public. We received one complaint in 2023124 from a supporter who did not feel CPAG was spending enough on charitable work and did not wish to receive letters in the post. We apologised immediately, changed their communication preferences on our CRM and explained th3t in the previous year, 94.4p in every pound was spent on our charitable work. CPAG is signed up to the Fundraising Preference Service to enable individuals to opt out from receiving fundraising communications from us. We received no such requests from this service last year. Buslness Our business income for the financial year 23124 Èxceeded the target by 2 per cent, achieving £1,820,029. AII areas performed well, with subscriptions and membership sectors showing particularly strong results. Dlgital development In January 2024, we launched our new website. Initially, a p12tform upgrade prornpted us to undertake a rebuild. We have significantly improved the customer experience through a redesigned structure, navigation, and overall look and feel. There is a strong emphasis on accessibility and readability throughout the site. Internal site content creators have been upskilled and supported in using the site. The new platform has provided a much better editor experience, enhancin8 our quality control and publishing abilities. We have developed the CRM, refined processes, implemented triggered customer communications, and enhanced our data analysis. The CRM is integrated with our website and will soon integrate with our new finance plarform. Xero.

Child Poverty Actlon Group IA Company Umlted by Guarantsel Report and Financlal 5tstements Year Ended 31 March 2024 17 We continue to develop our IT infrastructure with the organisation working on SharePoint and CPAG being awarded Cyber Essentials certification in October 2023. Objective 5 - be a great place to work Attracting, developin8 and supporting staff A staff SU￿eY conducted in December 2023 found that employees are very proud to be part of CPAG and are committed to doing quality work. Employees feel that they get good support from their line rllanagers as well as colleagues. The survey also showed that CPAG'S engagement level is similar to the UK average. We have implemented leadership and management training and inclusive recruitment training for all managers. To provide ongoing support and resources for managers, we are continuously improving our intranet pages. We have implemented reEular nèwsletters to keep all employees informed and engaged. In September 2023, we recruited our first-ever apprentice, markin8 an important milestone in our commitment to supporting and developing young talent. We have enhanced our existing wellbeing initiatives including our employee assistance programme to better support the mental and physical health of our employees. These improvements include expanded access to resources such 35 professional counselling services. to ensure that Dur team members have the support they need. Equity, dNersity and Incluslon We aspire to be a genuinely inclusive charity through diverse representation at all levels. and to build a culture that SUPPOrts staff and volunteers to fully be themselves, feel nurtured and supported. We are making good progress following our equity, diversity and inclusion IEDII audit conducted by consultants Diverse Matters in 2023, and updated our EDI strategy in November 2023. We have developed an action plan, which is being implemented. Most recently, employees are being encouraged to form staff networks leg, LGBTQ+, BME, Disability networks) to improve inclusion. We acknowledge there is always more to be done to ensure our dedicated staff and volunteers are truly representative of the communities that we sepoe. As part of our commitment to creating a more diverse and inclusive culture, CPAG is committed to taking action in eight areas= l. Strategy- we will ensure that we embed EDI into our core ethos and culture- in the everyday and through inclusive practice. 2. Governan￿, leadershlp and networks- we will develop and maintain a strong governance and staff voice. 3. Leamln& development and communication- we will establish and promote an open and honest dialogue about race, diversity and inclusivity within CPAG. 4. Service delivery- we will consistently demonstrate our commitment to inclusivity in our communications, both internally and externallv. 5. cUltu￿- we will build an inclusive O￿anISatiOnal culture that Is open and transparent and promotes a sense of belonging.

Chlld Poverty Actlon Group IA Company Llmitsd by Guaranteel Report and Flnanclal statements Year Ended 31 March 2024 18 6. Health and wellbelng- we will develop and implement an improvement/wellness plan to address health inequalities in our staff group. 7. Recruitment- we will recruit, retain and develop a diverse workforce from all backgrounds and cultures. 8. Extemal-faclng work-we will work with other group5 to progress race, diversity and inclusivity within our sector. To improve the diversity in our recruitment processes. ensuring a more inclusive workforce. we commissioned Diversiti UK to deliver our EDI training to 211 CPAG staff. The sessions included inclusive recruitment, EDI prartical approach, and a webinar for all staff. We have begun recording and monitoring the socio-economic diversity of our staff to inform and develop our inclusion strategy. These questions have also been added to our recruitment EDI monitoring forms to ensure comprehensive data collection. Environmentsl sustainability An eco-audit update visit took place in March 2024, and found that the London office has achieved net zero for energy carbon emissions.. our premises have now achieved net zero for energy carbon emission5. This was achieved by the reduction in electricity usage by 41 per cent, the fact there is no gas used and by the charity moving to a green electricity tariff. Flight emissions were eliminated completely, water consumption down 37 per cent and paper usage was reduced by 78 per cent. This latter s3ved the Èquivalent of 43 trees and 12 further trees were saved by the switch to 100 per cent recycled paper.,

Chlld Poverty Action Group IA Company Limlted by Guarantee) Report and Financial Ststements Year Ended 31 March 2024 Keynote envlronmental data 2022 2024 Energy: Electricity kwh.. Electricity C02 Itonsl Flights C02 (tons) Vehicles C02 Itonsl Energy carbon footprlnt Itonsl: Staff: Staff Number of staff lfte- entire charity) Working from home Iftel Working from home C02 Itonsl Water: Mains water consumption Ilitresl Water supply C02 Itonsl Paper: A4 Sheets virgin photocopying paper % made from recycled paper Trees used Trees saved by using recycled paper Paper associated C02 Itonsl Waste: Total annual waste Itons weightl Non-recycled waste (tons wt.) Recycled Itons wt.) Waste C02 Itonsl Recycllng rate (%) Notes.. l. The charity h35 moved to a green elettricity supply, which me3n5 it can be regarded as net zero, butthe government requlres reporting both with notion31 c3rbon emissions + net zero r3ting. 2. The government requires 0.7 tons per staff member lftel worklng from home to be added to an organlsatlon's carbon footprint, to cover the emlssions from elettricity and heating used in the home for work purposes. 3. This is based on the waste being landfilled. 22,000 13,C4JO 131, 0 68 n/a n/a 67 18 12.6, 48,(X)O 0.05 30,000 0.013 475,000 105,000 l(K)% 57 12 io 12.4 67 50

Child Poverty Action Group IA Company Limlted by Guarantsel Report and Flnancial Statements Year Ended 31 March 2024 20 Looking ahead It has been our strategic objective to achieve a comprehensive child poverty strategy and social security reform for some time. We have been successful on both fronts as. since the 2024 election. there is now a Eovernment commitment to develop such 3 strategy and to conduct a review of universal credit. In future, we will work with government and its ministerial child poverty task force and the child poverty unit in Number 10 to shape and develop the new child poverty strategy along the lines we have been recommending for years. There 15 a lot still to achieve as the UK now spends £50bn 3 ye3r less on social security than on 2010 policies, 3ccording to OBR figures. Benefits only increased with artU31 inflation in five out Of the last 14 years. This means that low-income families with children went into Covid, Brexit and the cost-of-living crisis in a bad way. There is a lot to do and we need the new government child poverty strategy to be ambitious, with clear targets, measures and rllilestones to achieve. And, there are still 4.3 million children living in poverty and we will continue to emph3sise the disproportionate impact of child poverty on young children, children in black and minority ethnic families, children in larger families and those with disabled children. We will continue to emphasise the depth of child poverty today and prioritise the voice of children and families. In addition to a comprehensive child poverty strategy, we will prioritise reform of the policies that are driving up child poverty and making life worse for children, including.. the two-child policy, the benefit cap, the need for universal free school meals and the restoration of child benef it. We will continue to contribute our ideas on the comprehensive reform of universal credit and to press for wider social security reform including a greater emphasis on non-means-tested benefits We have succeeded in keeping child poverty high on the agenda for all politlC31 parties and we will continue to do so in the build-up to Scottish Parliament and Welsh Senedd elections in 2026. We will press for an overarching approach across the UK, while continuing to respond in context and to opportunities in the different nations of the UK. Looking ahead, we need to build on recent success. We will also use our hard-won funds to invest in the IT we need, to continue to build our individual donor base and drive-up unrestricted funding to contribute to the sustainability of the charity. We will continue to build on the successful achievements in OLJr Strategic plan. Plans for the future The Trustees have approved a programme of future work. We have four cross-cutting priorities: achieve comprehensive cross-government strategies to end child poverty across the UK achieve politlC31 support for a renewed vision for social security- secure futures promote equity, diversity and inclusion both within CPAG and through our work put children and families with children at the centre of all that we do We have fNe specific strategic objectives for the next three year5: Objertlve l- strengthen publlc ¢ommltment to end ¢hlld poverty Specifically we will.. 1.1. Invest in a strong media-focused campaign on child poverty and the need to address it. 1.2. Focus relentlessly on showing the impatt of child poverty on children across the UK.

Child Poverty Actlon Group IA Company Llmlted by Guarantsel Report and Financial Ststernents Year Ended 31 March 2024 21 1.3. Focus on.. abolition of two-child policy and benefit cap, restoring children's benefits and expansion of free school meals. 1.4. Centre the voices of children and familie5 to drive the conversation on child poverty and its solutions. 1.5. Attract and mobilise supporters to promote our campaign and charitable mission acros5 the UK. Objectwe 2- ensure government adoption of evidence-based policy solutions to child poverty Specifically we will.. 2.1. Develop research showing the impact of child poverty and the most effective solutions. 2.2. Make a compelling and forward-looking case for evidence-based solutions to the most pressing issues, including reform of social security. 2.3. Deliver expert projects to develop solutions around work, home and school. 2.4. Lead and co112borate with partners to engage policy-makers and promote our evidence-based solutions. Objective 3- use our expertise to maximise family incomes and reduce child poverty Specifically we will.. 3.1. Maximise incomes through the best, most accessible, welfare rights advice and information. 3.2. Ensure frontline advisers are equipped to deal with pressing issues, such as the cost of living, digitisation and managed migration. 3.3. Continue to win change and fight discrimination through work on appeals and strategic litigation. 3.4. Use our early warnin8 System evidence to expose weaknesses in social security and advocate for change. 3.5. Scrutinise social security developments UK-wide including the most effective use of devolved administrations, powers. Objertive 4- contlnue to be a sustalnable charity Specificolly we bvill.. 4.1. Sustain income, control expenditure and maintain a healthy level of reserves. 4.2. Grow unrestricted income, specifically individual givin& legacy fundraising and core grant income. 4.3. Invest in the best analytics, technology and digital presence to stay ahead. 4.4. Continue to drive innovation on content, sales and marketing. 4.5. Maintain and develop business and funder partnerships. 4.6. Continue to eng38e with supporters and their donorjourney. Objettive 5-be a great place to work Specifically we will.. 5.1. Attract, develop and support a highly talented staff team. 5.2. Look after the wellbeing of all staff. 5.3. Embed a culture of equity, diversity and inclusion through a Policy audit and internal training. 5.4. Pay attention to environmental sustainability by implementing practical learnings from our eco-audit.

Child Poverty Action Group IA Company Llmlted by Guarantee) Report and Flnanclal Ststements Year Ended 31 March 2024 22 Structure, governance and management Status Child Poverty Action Group I'the CPAG") is a charitable company limited by guarantee. Governing document The charitable cornp3ny was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Company number 1993854 Charity number Registered with the Charity Commission for England and Wales registration number 294841, and with the Office of the Scottish Charity Regulator registration number SC039339 Registered office and operational address 30 Micawber Street London Nl 7TB Email Website [e-mail] cpag.org.uk Honorary officers Jane Millar Mark Cooke Chair Treasurer and Vice Chair Chief Executive Alison Garnham Company Secretary Chineze Okonkwo-onyilo Bankers Natwest Bank plc Islington Angel Branch 213 Upper Street London Nl OPH Solicitors Russell-cooke 2 Putney Hill London SWIS 6AB Auditors Haysmacintyre LLP 10 Queen Street Place London EC4R IAG

Child Poverty Action Group IA Company Llmlted by Guarantee) Report and Flnanclal Ststements Year Ended 31 March 2024 23 Trustee5 who served during the year and there3fter were as follows.. lane Millar Mark Cooke Alan Buckle Alison InElis-Jones Ann Mcvie Clarissa Corbisiero Esther Kuku Kitty Stewart Satwat Rehman Simon Thompson Stephen Watmough Torsten Bell Anne-marie Canning MBE Ico-optedl Alicia Tew Ico-optedl Until 7 December 2023 Until 5June 2024 From l February 2024 From l February 2024 Constitution The charity is a company limited by guarantee without shares and governed by its Memorandum and Articles of Association. The guarantee of each member of the company is limited to £1. Trustees are appointed by the Board for a term of three years and may be re-appointed for up to a maximum of nine year5. The mix of skills and experience represented on the Board of Trustees needs to be appropriate to the aims and objectives of the charity, and the current and longer-term challenges it faces, and trustees are selected for appointment with a view to maintaining that balance. Additional trustees may be co-opted by the Board for a period of 12 months and may be re-appointed for a further two 12-month terms. Membership Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2024 was 1,10012023.. 8831. The Trustees are members of the charity, but this entitles them only to the same voting rights as other members. The Trustees have no beneficial interest in the charity. CPAG in Scotland In addition to its main office in London, CPAG maintains an office in Glasgow to enable the charity to maximise its input to Scott15h policy makers, its reach to advisers workin8 in Scotland and to ensure devolved experience is fed into UK-wide child poverty activity. Over the year CPAG in Scotland continued to be a key voice on child poverty issues in Scotland, widening its policy influencing activity Iworking in partnership wherever possible) and developing and growing its second-tier welfare rights services. Related parties The charity owns a subsidiary company, CPAG Limited, which is dormant. Other than transactions with Trustees disclosed in note 3 and the remuneration of key management personnel disclosed in note 5, there are no related party transactions requiring disclosure in these 2ccounts.

Child Poverty Action Group IA Company Limited by Guarantee) Report and Nnanclal Statements Year Ended 31 March 2024 24 Training of Trustees Training of Trustees is supported by 2n ongoing programme of presentations to the Board on CPAG'S policy and rights work, and on charity finance, law and practice. In addition, individual Trustees attend ad hoc external training events as appropriate. Volunteers Trustees and other committee members give their time not just in attending meetings, but in contributing their expertise and advice more generally to CPAG'S work. We are grateful to those who worked for us in a voluntary capacity and other5 who, during the year, contributed articles or text to our publications without charging. Senior staff payment policv The pay of senior staff comprising the Chief Executive and senior management team is reviewed annually and normally increased with inflation. The charity uses a pay scale devised for CPAG after benchmarking against median salaries in the sector. Organisational structure and the decision making process The Trustees are responsible for the strategic direction of the charity, and for monitoring its performance and effertiveness. They are supported by a number of subcommittees, whose responsibilities are set out by the Board. Committees do not have decision-making powers, except where specifically authorised by the Board in relation to individual decisions, but act in an advisory capacity to Staff and to the Board of Trustee5. The operational responsibilities of the charity are delegated via a 'Scheme of Delegation" to the Chief Executive. who in turn delegates various duties to senior staff. Governance Trustees are responsible for ensuring the highest standards of governance are attained and regularly consider how the Board can be strengthened. Risk statement During the year, Trustees continued to identify risks potentially affecting all parts of CPAG'S activities and assessed them in terms of likelihood and impatt using the qualitative analysis methodology. In formulating the strategy. the Board of Trustees continue to give particular attention to potential reputational, fin2nci31 and operational risk5 involved in managing the organisation. This formed part of the subject of discussion at Board meetings and measures to address the risks have been identified and steps taken to ensure that these are adequate. As an enterprising and creative ooanisation, CPAG does not seek to avoid all risks. The Trustees, policy Is to understand the risks we are taking and to ensure that appropriate steps are taken to control 3nd mitigate them. A table below lists major risks to which the charity is exposed. as identified by us, and demonstrates that they have been reviewed and systems have been established to mitigate those risks alongside strategic priorities. These risks are subject to regular review at FRC and Board meetings. Strategic priority Risk Failure to sustain Our reliance on funders and income or sudder) bu5ines5 income, and pressures unforeseen loss of facing supporters and customers. income Creates risk. Mitigating attions Sales and income reports generated and regularlv reviewed to enable agility and timely corrective action. Close monitoring of Brant-funded projects to ensure that funding conditiorTrs are met within timesc31e5 given. Improve our CRM Idatabasel and website to enable us to develop fundraising in areas other than trusts and Any reduction in sales or cancellation of grants may lead to

Child Poverty Action Group IA Company Limited by Guarantee) Report and Flnanclal Ststements Year Ended 31 March 2024 25 Large or sudden increase in expenditure against approved budget levels inability to 5UStain our vitsl policy and advocacy work. We aim to build unrestricted income which enables us to post a surplus and build reserve5 to the required levels. foundations including legacie5 programme, individual donations and corporates. Continue to develop new creative offerings to our publications, training and membership customers. Continue to use more effective debt-chasing procedures. The reserves increased substantially in the previous year and this year. We have svfficient funds in the bank for deferred income. We comment and focus only where we are expert and have evidence. We have clear lines of accountèbility for sign-off of all external documents and designated media spokespeople in place. We have prioritised funding to employ more expert analysts than before. Regular horizon-scanning of sector issues and competition. Policy Cotnmittee regularly review positioning. CPAG has receivèd pro bono advicè on the implications of the Lobbying Act and, during regulated periods, ensures a review is undertaken on whether registration is needed, rÈlev3nt activities are signed off and a log kept of relevant 5pendin8. CPAG continues to maintain a leadership role on child poverty and social security, including hosting End Child Poverty which strengthens this work through regular sector meetings. We pursue joint working with partners where possible and appropriate. Board aware of its governance role, receiving regular updates on charity law. We have an induction pack for new Trustee%. Elected Board means we can fill skills gaps. Public accountability vi8 annual report. Regular review of skills set and performance against Charity Comrnission guidelines. Regular review of all policies including safeguarding and GDPR. Hire the best stsff CPAG can attract. System of development and appraisals means reward can be reviewed and support offered. Opportunities for development prioritised by managers. Procedure for proper handover on exits in place. Continue to conduct regular supervisions and rÈviews. Trainin offered wherever OS51ble. Constant rnonitoring of activities aad resources within large projects. Including the projects as part of our risk assessrnent prtscess which involves Trustees and the senior management team workirig together. Loss of reputation Given greater media interest in or market share charities and increased exposure to over time as public comrnent through Social leading experts or) rnedia activity of our advocacy and social security and policy work, there is a risk that our child poverty for reputation, credibility or market government. share as the leading independent rnedia, user5 and experts on social 5ecLJrity and child stakeholders or poverty may be challenged. sudden reputational risk Other org3n15ations have moved into the poverty and social security fields. They are often better resourced than we are. Nevertheless we continue to use our lirnited resource5 in a targeted and strategic way to Maintain our leadership role. Law and guidance are constant developillg and we operate in a complex and fast-changing environment. organi5ational governance or regulatory failure Recruitment and retention of staff Recruitment and retention of staff - particularly senior and specialist staff due to better-off competitors. senior and specialist staff due to better-off competitors Failure to manage shrinkage in organisation site when large projects end Growth in organisation has Stimulated growth in income generating and servicing teams. Given our ambitions to Erow our impact there is a risk that. as we

Child Poverty Action Group IA Company Llmlted by Guarantee) Report and Flnanclal Statements Year Ended 31 March 2024 26 expand, we fail to successfully downsize after delivery of large projects. OLJr objective to move toward5 digital provision and service continues with investment from funding and core where appropriate. Staff leave as Contracts end unless additional funding has been found. M3jor Icr systern5 failurÈ duè to hardware or software systems crash, viial attack or f3ilure to mèet business requirements Our new ICT company, Taran, run our support contratt and ICT i55LJe5 are now dealt with much faster than before. Most ICT issue5 are now resolved within four hours of being raised. All staff now equipped for home working, with laptops. cloud-hosted VPN and Office 365. Risks of access to VPN and server problems now gone. There is no more use of personal laptops. Mobile device management IMDMI added to all mobiles and laptops. protecting from data breaches when used at home or out of office. Getting Cyber E5sentia15 Plus certification ICE+l- the most advanced level, suitable for organi5ations with remote workers. We have moved to offsite backup facilities and we now have internal ICT support. We know how to implement a plan to ensure minimal disruption to business as usual with staff all capable of working remotely. Having implemented SharePoint in 2023 it reduces the risk of h8rdw3re failure and VPN no longer needed. Continual irnprovement5 to all platforms, including CMS. Cpag.org.uk rebuild was completed in January 2024 with Drupal 10 implernented.. Our Board Digital Committee monitors digital developments. Good working prattices and procedures and disciplinary We are increasingly reliant on IT systems and need to keep up, and 31%0 to keÈp our data and users. dats 53fe. Fèilure to stay ahead of IT developments which optimise use of CRM, website and online shop Loss of reputation due to industrial action andlor expensive involvement in employment tribunal The sector has experienced rnore pay disputes and HR issues due to lockdown and the cost of living Comprehensive Staff Handbook in place. Regular one-to-ones, team and staff meeting5 and positive working relationship with staff members. Focussing more attention on staff health and wellbeing and support since Covid. Continue to review policies and procedure5. SMT receives help on policy development from our employment lawyer and HR consultants. We know how to implement è plan to ensure tninimal disruption to business as usual with stsff all capable of working rernotelv. More online and digital resources that can meet need remotely. Regular risk assessments established during Cc>vid which can be taken up again if necessary. Staff and Trustees are fully and regularly informed of the sitLJation. Feedback which supported continuation of online training. A Trother The Senior managernent tea pandernic, natural ISMTI and finance and re50urce5 or local disaster or committee IFRCI sub-committee of energy outage Trustees continue to assess the risk where acces5 to from external factor5 which rnight office or home arise and put ir) place mitigating working is action5 where necessary. disrupted.

Child Poverty Action Group IA Company Limlted by Guaranteel Report and Nnanclal Statements Year Ended 31 March 2024 27 Financial Review CPAG incurred an operatin8 deficit of £95,42812023: 3 surplus of £376,034), in line with budgeted deficit for various investments such as development of our website to improve accessibility and user experience, increasing in our individual donors by investing in digital acquisition campaign and other campaign projects. Total income for the year decreased by £517,083 to £5.240.64112023.. £5,757,724) compared to the previous year. This decrease in income is within both donations and income from our charitable activities and this reflects the cessation and commencement of new initiatives within our charitable activities and the cessation of a Significant donation of £335,000 received annually over three years that ended in the previous financial year. Donation income decreased by £384.043 to £881,80112023.. £1,265,884), this is mainly due to the cessation of the £335,OtK). Legacy income increased by £57,004 to £81,36312023'. 24,3591 Our income performance is largely attributed to the continued financial support from our donors and funders in the financial year which enabled us to maintain income at above £5million. We continue to receive financial support from Dur principal funders with some of our trusts and foundation supporting us in the financial year with core, unrestricted donations. Income from charitable activities decreased by 6.25 per cent to £4,151,83312023= £4,428,858) due to cessation and commencement of new initiatives within our funded activities. Principal grant funders for the charity during the year, as for the previous year, were trusts and foundations and the Scottish government. The support of our donors and funders continue to be fundamental to the success of our vital policy, rights, and advocacy work. Interest rate rises increased our investment income to £103,41512023.. £37,833) Total expenditure decreased by £45,371 in the year to £5,336,49712023: £5,381,868). Staff costs remain the biggest single cost, comprising 65%12023.. 64%) of costs at £3.488,66212023.. £3,461,071) in total. This represents an increase of £27,591. The increase is due to a cost-of-living rise as our average head count in the year reduced by five to 7512023'.801. Ninety-one per cent of our expenditure was on charitable activities. This means that for every £1 spent, 91p was spent on our policy, research, communications, campaigns, advocacy and welfare rights activities. Because of the deficit generated in the year, overall, charitable funds decreased to £4,837,06212023.. £4,932,490) and are all held in unrestricted reserves at year-end. of which £3,308,275 have been designated by the Trustees. Deslgnated funds The operational fixed assets of £1,584,342 and net operating working capital of £1,148,532 are regarded as designated funds, as they are not available for expenditure. In addition.. al Development fund of £401,368 has been designated to fund further identified strategic project5 to increase the income of CPAG over the period of the strategy. bl Impact fund of £170,000 has been designated to fund additional campaign projects during the period of the strategy. Tot31 project designated funds are therefore £571,368, as set out in note 13 to the accounts.

Child Poverty Action Group IA Company Llmited by Guarantee) Report and Flnanclal Ststements Year Ended 31 March 2024 28 Income and Expenditure Where Money Comes From Year Ended 31 March 2024 £963,164118.4%1 £1,984,204 137.9%1 Voluntary Income inc Legacies Grants Other Charitable Activities £2,293,273143.7%1 Where Money Goes Year Ended 31 Marth 2024 £469,95318.8%1 Raising Funds Charitable Activities £4,866,544 191.2%) Thank you to organisations and individuals who choose to support CPAG'S work through time and valuable skills, campaigning, regular and one-off donations. For every £1 of our expenditure in 2023124, 91p was spent on our charitable actlvities

Chlld Poverty Actlon Group IA Company Llmitsd by Guarantee) Report and Flnanclal Statements Year Ended 31 March 2024 Reserves policy and going concern The resen4es policy requires CPAG to hold sufficient free reserves to cover the largest decline in income, or increase in unplanned costs, that could realistically occur over a year. This would allow CPAG sufficient capacity to adjust its operations to the new financial 51tuation in an orderly manner and continue to achieve its mission. Free reserves are defined in the policy to exclude the tangible fixed assets (such as offices and equipment) and operating working capital Isuch as stock and trade debtors) necessary for CPAG to operate. They also exclude restricted funds and other designated funds set aside for identified projects planned for the near future. Adequacy of reserve5 and going concern The Trustees have reviewed the level of free reserves at 31 March 2024 against the reserves policy. They have assessed that the level of free reserves required is £1,500,000, 3nd that the free reserves held are £1,532,821 after takin8 account of the designated funds. This means that the level of free reseNes at the 31 March 2024 exceeded the required level by a small amount £32,821. The trustees concluded that no further action was required to maintain free reserves at a satlsfactory level, other than to ensure CPAG continues to set budgets close to break-even, after takin8 into account the utilisation of the designated funds. The Trustees are therefore satisfied that CPAG is a going concern, that is, that it will be able to continue its operations for at least twelve months from the date of this report, and for the foreseeable future. Investment policy The Trustees have powers set out in the Memorandum and Articles of Association that allow them to invest surplus funds after receiving advice from a financial expert and include the power to delegate the management of investments to a financial expert. An investment of £1.622,929 was maintained in an interest-bearing notice account as at year end. The Trustee5 continue to strive to increase the charity's income and to use its resources to maximum effect in combating child poverty, balancing the need to m3ximise the impart of our activities with the need to maintain financial security. Responsibilities of the Trustees The Trustees, who are also the directors for the purposes of company law. are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kin8dom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees/Direttors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to.. Select suitable accounting policies and then apply them consistently,. ObseNe the methods and principles in the Charities SORP;

Chlld Poverty Action Group IA Company Llmlted by Guarantee) Report and Financial Statements Year Ended 31 March 2024 30 Make judgements and estimates that are reasonable and prudent- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records which are sufficient to show and explain the transartions and disclose with reasonable accurècy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment Iscotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2006. They are 31so responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detettion of fraud and other irregularities. So far as each of the Direttorsnrustees is aware at the time the report is approved: there is no relevant audit information of which the charitable company's auditors are unaware,. and each Directornrustee ha5 taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of this information. Auditors Haysmacintyre LLP were reappointed auditors at the annual general meeting on 7 December 2023 and have indicated their willingness to continue in that capacity The Trustees, Report, including the Strategic Report, was approved by the Trustees on 3 October 2024 and signed on their behalf by Jane Millar Chair

Independent auditor's report to the members of Child Poverty Action Group Year ended 31 March 2024 31 We have audited the financial statements of Child Poverty Attion Group for the year-ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet. the Cash Flow Statements and notes to the financial statements, including 3 summary of significant accounting policie5. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reportin8 Standard 102 The Financial Reporting Standard applicable in the UK and Republic of 5reland Iunited Kingdom Gener311y Accepted Accounting Practice). Opinion In our opinion, the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its net movement in funds, including the income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities and Trustee Investment Iscotlandl Act 200S and règulation 8 of the Charities Accounts Iscotlandl Regulations 2(X)6. 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'5 Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide 3 basis for our opinion. Conclusions relating to going concern In 3uditing the financial statements, we have concluded that the trustees, use of the going concern 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 to events or conditions that, individually or collectively, may cast significant doubt on the ch3rity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in the Trustee5 Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not expre55 any form of assurance conclusion thereon.

Independent auditorfs report to the members of Child Poverty Action Group Year ended 31 March 2024 32 Other information Icontinuedl In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other inform3tion is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 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 Trustees, Annual Report (which includes the Strategic Report and the Director5, Report prepared for the purposes of company lawl for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the strategic report and the directors, report included within the Trustees, Annual Report has been prepared in accordance with applicable legal requirements. Matters on which we are required lo report by exception In the light of the knowledge and undèrstanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees Report (which incorporates the directors, report prepared for the purpose of company lawl. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charity Accounts (Scotlandl Regulations las amended) require us to report to you if, in our opinion.. adequate accounting records have not been kept by the charitable company; or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our auditor. Responsibilities of trustees for the financial statements As explained more fully in the trustees, responsibilities statement set out on pages 29-30, the trustees Iwho are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free f rom material misstatement, whether due to f raud or error. Responsibilities of trustees for the financial statements Icontinuedl In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Independent auditorfs report to the members of Child Poverty Action Group Year ended 31 March 2024 33 Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reason3ble assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit condutted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedure5 in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Based on our understanding of the charitable company and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to registered charities, and we considered the extent to which nOn-compl￿anCe might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impart on the preparation of the financial statements such as the Companies Act 2006 and the Charities Att 2011, and other factors such as income tax and sales tax. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to areas of estimation uncertainty and to manual accounting journals. Audit procedures performed by the engagement team included.. Inspecting correspondence with regulators and tax authorities,. Discussions with management including consideration of known or suspetted instances of non-compliance with laws and regulation and fraud,. Evaluating management'5 controls designed to prevent and detect irregularities,. Identifying and testing manual journals, in particularly any unusual items- and Challenging assumptions and judgements made by management in their critical accounting estimates. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of inst3nces of non-compliance. The risk is also greater re8ardin8 irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's webslte at: www.frc.or auditorsres onsibilities. This description forms part of our auditor's report.

Independent auditor's report to the members of Child Poverty Action Group Year ended 31 March 2024 Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, section 44llllcl of the Charities and Trustee Investment IScot13ndl Act 2005 and regulation 10 of the Charities Accounts (Scotlandl Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members, as a body, for our audit work, for this report, or for the opinions we have formed. Lee Stokes (Senior Statutory Auditor) For and on behalf of Haysmacintyre LLP. statutory Auditors 10 Queen Street Place London, EC4R IAG 1611012024

Child Poverty Action Group IA Cornpany Limlted by Guarantee) Report and Financial Statements Year Ended 31 March 2024 35 Statement of financial activities- current year (incorporating an income and expenditure account) Year ended 31 March 2024 Unrestricted Restrtcted 2024 Notes Income from: Donations Legacies Activities for generating fund5 Rent and room hire 881,801 81,363 881,801 81,363 Charitable activities.. Publications Welfare rights and test cases Training Membershlp Information, research and carnpaigning 1,133,449 99.648 545,499 76,584 3.380 52,249 1.032,441 287,304 1.185,698 1,132,089 832,803 76,584 924,659 921,279 Investments Other 103.415 22,229 103,415 22.229 Total 2.947,368 2,293,273 5.240,641 Expenditure on: Raising funds Charitable activities.. Publications Welfare rights and test cases Training Membership Information, research and campaignin8 469,953 469.953 976,440 238,212 461,024 45,341 852,254 52,249 1,032.441 287,304 1,028,689 1,270,653 748.328 45,341 1,773,533 921,279 Totsl 3.043.224 2.293,273 5,336,497 Net incomellexpenditurel before Investment gains Gr05S transfers between funds 195,8561 195,8561 Net Income/lexpendlturel Unre8li5ed investment gair)s 195,8561 428 195,8561 428 Net movement In funds 195,4281 4,932,490 195,4281 4.932,490 Totsl funds brought fon￿ard Totsl funds carried fornard 4,837,062 4,837,062

Chlld PovertyActlon Group IA Company Llmlted by GuaTantsel Report and Flnanclal Statements Year Ended 31 March 2024 36 Statement of financial activities- prior year lincorporating an income and expenditure account) Year ended 31 March 2023 Unrestricted Restrlrted 2023 Notes Income from: Donations Legacies Activities for generating funds Rent and room hire 1,265,844 24.359 1,265,844 24.359 830 830 Charitable activities.. Publications Welfare lights and test cases Training Membership Information. research and eampaiening 1.033.061 109,977 444,207 68,325 7.161 73.212 1,040,809 274,680 1,106,273 1,150,786 718.887 68,325 1,384.587 1.377.426 Investments Other 37,833 37,833 Total 2,991,597 2,766.127 5.757.724 Expendlture on: Raising funds Charitable activities.. PLJblications Welf3re right5 and test case5 Training Membership Information, research and campaigning 323,277 323.277 968,573 232,572 373,653 37,926 677,738 73,212 1,040,809 276,682 1,041,785 1,273,381 650,335 37,926 2,055,164 1.377,426 Totsl 2,613,739 2,768,129 5,381,868 Net Incomellexpendlturel before investment 8ains Gross transfers between funds 377,858 12,CQ21 375,856 Net incomellexpenditurel Unrealised investment 83ins 377,858 178 12,0021 375,856 178 Net movement In funds Total funds brought forward 378,036 4.554,454 12,0021 2.002 376,034 4,556,456 Total funds carrled forward 4.932.490 4,932,490

Child Poverty Action Group IA Company Limited by Guarantee) Report and Flnanclal Statements Year Ended 31 March 2024 37 Balance Sheet as at 31 March 2024 2024 2023 Notes FIXED ASSETS Tangible fixed assets Investments 1,584,342 1,624.860 1,571,400 1,555.740 3,209.202 3,127.140 CURRENT ASSErs Stock Debtors Cash and short-tèrm deposits io li 183,834 1,152,446 2,247,863 84,277 1,024,127 2.563,644 3,584,143 3,672,048 CREDttORS.. amounts falling due within one year 12 11.956,2831 11,866,698) NET CURRENT ASSETS 1,627,860 1,805,350 TOTAL ASSE[5 LESS CURRENT LIABILITIES 4,837,062 4,932.490 NET ASSErs 13 4,837.062 4,932.490 FUNDS Re5tritted funds Unrestricted funds.. Designated funds General funds 3,304,241 1,532,821 3,308,275 1,624,215 TOTAL CHARttY FUNDS 14 4,837.062 4,932,490 The financial statements were approved and authorised for issue by the Trustees on 3 October 2024 and were signed below on its behalf by.. A11fv(IGJ Jane Millar Chair Mark Cooke Treasurer

Child Poverty Action Group IA Company Limited by Guarantee) Report and Flnanclal Ststements Year Ended 31 March 2024 Cash flow statement Year ended 31 March 2024 2024 2023 Ca5hflows from operating activities Net ea5h provided by operating activitie5 (see note below) 1249,0861 281,403 Cash flows from Investlng actfvltles lllvestment incorne received 103,415 1101,4181 168.6921 166,6951 37,833 15,0301 127,3511 5,452 Purchase of property, plant and equipment Purchase of investments Net cash Iu5ed inl/provided by investing activities Change in cash and cash equivalents in the year 1315,7811 286.855 Cash and cash equivalents at the start of the year 2.563.644 2,276,789 Cash andcash equivalentsat theendof theyear 2.247.863 2,563,644 Note.. reconciliation ofnetwendlture to netca5h usedbyoperatingactiwbes Net income/lexpenditurel for the year Adjustments for.. Depreciation Investment Igainsllosses Investment income 195.4281 376,034 88,476 14281 1103,4151 87,545 11781 137.8331 Ilncreasel/dÈcrease in stock lincreasel/decrease in debtor5 Increase/ldecreasel in creditors Net cash provided by operatin8 actfvitles 199,5571 1128,3191 89,585 1249,0861 7.407 57,458 1209,0301 281.403 No recontiliation of net debt is provided as the charitable company has no borrowings and hence no net debt.

Child Poverty Action Group IA Company Umlted by Guarantee) Report and Financial Statements Year Ended 31 March 2024 39 Notes to the financial statements Accounting policies The principal accounting policies adopted, judgements and key of estimation for uncertainty in the preparation of the financial statement are as follows.. Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordancè with the financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Isecond edition, 20191 (Charities SORP IFRS 10211, and the Companies Act 2006. CPAG meets the definition of a public benefit entity under FR5102. Assets and liabilitie5 are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting notelsl. Going concern The accounts are prepared on a going concern basis. Having considered the forecast income, expenditure and cash flow of the charity and the financing available, the Trustees are satisfied that this basis is appropriate and that there is no material uncertainty in connection with the charitable company's ability to continue to operate for the foreseeable future and a minimum period of twelve months from the approval of the accounts. Donations Donations are received by way of donation5 and gifts and are included in full in the Statement of Financial Activities ISOFAI when receivable. LeEacie5 Legacies are accounted for on a receivable basis. Legacies notified but not received are included in the financial statements if it is probable that they will be received and the value can be quantified. Grants Grants are credited to the statement of financial activities when received or receivable whichever is earlier. Where unconditional entitlement to grants receivable is dependent upon fulfilment of conditions within the charity's control, income are recognised when there is sufficient evidence that conditions will be met. Where there is uncertainty as to whether the charity can meet such conditions the incoming resource is deferred. Earned income Income generated from the supply of goods or services is included in the statement of financial activities in the period in which the supply is made, net of VAT where applicable. Restricted funds Restricted funds are to be used for specific purposes aslaid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted funds Unrestricted funds are donations and other income received or generated for the charitable purposes.

Child Poverty Actlon Group IA Company Llmlted by Guarantsel Report and Flnanclal Ststements Year Ended 31 March 2024 DeSlBnated funds Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. Expenditure for raising funds Expenditure for raisinE funds relates to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose. Where information about the aims. objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure. Where such information about the aims, objertives and projects of the charity is also provided to potential donors, activity costs are apportioned between fundraising and charitable activities on a proportional basis. Expenditure Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered. Expencliture is allocated to the particular activity where the cost relates dirertly to that artivity. The cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the basis of staff time. Support costs Support costs are re-allocated to each of the activities on the basis of estimated staff time attributable to each activity. This has resulted in the following percentage allocations.. 2024 11% 28% 18% 2023 io% 29% 18% Publications Welfare rights and test cases Training Membership Information, research and campaigning Fundraising and publicity Governance 37% 5% 37% 1% Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity s activities. Depreciation Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are 2s follows.. For assets brought forward from 2019-20 and earlier years.. Leasehold buildings So years Fixtures, furniture and equipment 10 years Office machines, CRM and website 5 years Computers including software 4 years

Chlld Povety Actlon Group IA Company Umlted by Guarantee) Report and Financial Statements Year Ended 31 March 2024 41 For new additions from 2020-21 following the change in the fixed asset policy, assets costing more than £1,000 are capitalised and the depreciation period revised as follows- Leasehold buildings 50 years Fixtures, furniture and equipment 5 years CRM and website 5 years Computers including other software 3 years Investments Investments have been stated at market value at the date of the Balance Sheet. The gains and losses of each period are taken to the statement of financial activities. Short term deposits Short-term deposlts are defined a5 cash balances which cannot be withdrawn within 24 hours without notice and without penalty. Stock5 Stocks are stated at the lower of cost and net realisable value. In general, cost is determined on a first in first out basis and includes transport and handling costs. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation. Provision is made where necessary for obsolete, slow moving and defective stocks. Stock also include work in progress to produce our publication. Pension costs The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable under the scheme by the charity to the fund. The charity has no liability under the scheme other than for the payment of those contributions. Rentals under operating lease5 Rentals payable under operating leases, where substantially all the risks and rewards of ownership remain with the lessor, are charged to the Statement of Financial Activities on 3 straight line basis over the minimum lease term. Critical judgements and estimation uncertainty The principal area of judgement and estimation uncertainty relates to the determination of provisions against bad and doubtful debts. Voluntary income Current year Prior year Un￿striCted Restricted 2024 Unrestrirted Restricted 2023 Donations Legacies 881,801 81,363 881,801 81,363 Donations Legacies 1,265,844 24,359 1,265,844 24,359 963,164 963,164 1,290,203 1,290,203

Child Poverty Action Group IA Company Limited by Guarantee) Report and Flnanclal Statements Year Ended 31 March 2024 42 Net incomellexpenditurel 2024 2023 This is stated after charging.. Depreciation Operating lease rentals.. Property Equipment Auditors, remuneration.. Audit fee 88,476 87,545 33,466 9.756 7,618 16.716 20,300 18,400 Trustees, remuneration.. Costs paid for Tru5teÈs Trustees, reimbursed expenses 554 121 Trustees, reimbursed expenses of £55412023.. £1211 represents the reimbursement of travel and subsistence costs of 3 Trustees12023.. 1 Trustee) relating to attendance at meetings of the Trustees and other committees. During the year, Trustees made donations to the charity totalling £1,09012023.. £1,362). Expenditure Current year Support Costs Direct Costs 2024 Costs of generating funds Raising funds Charitable actlvltles Publications Welfare rights Training Membership Information, research and campaigning Total expendlture 81,318 388,635 469,953 172.755 358,405 196,173 5,183 538,438 855,934 912,248 552,155 40,158 1,235,095 1.028,689 1,270,653 748,328 45.341 1,773,533 1,352,272 3.984,225 5,336.497

Child Poverty Action Group IA Company Llmlted by Guarantee) Report and Flnanclal Ststsments Year Eniled 31 March 2024 43 Prior year Support Costs Direct Costs 2023 Costs of generating funds Raising funds Charitable activities Publications Welfare rights TraininE Membership Inform3tion, research and campaigning Total expendlture 69,456 253,821 323,277 127,615 323,316 165,156 4,439 457,830 914,170 950,065 485,179 33,487 1,597,334 1.041.785 1,273,381 650.335 37.926 2,055,164 1,147,812 4,234,056 5.381.868 staff costs and emoluments 2024 2023 Salaries and wages Social security costs Pension contributions Redundancy costs 2,974,554 313,285 168,165 24,258 3,480.262 2,967,170 309,763 164,273 16,897 3,458,103 Agency staff costs Total staff costs 8,400 2,968 3,488,662 3,461,071 The number of employees who earned £60,000 or more (including benefits in kindl during the year was as follows.. 2024 2023 £90,001- £100,000 £80,001- £90,000 £70.001- £80,000 £60,001- £70,000 The pay of senior staff is reviewed annually and increased with the same cost of living inflatlDn figure as for all staff. The charity uses a pay scale devised for CPAG after benchmarking against median salaries in the sector. The key management personnel of the charity comprise the Chief Executive Officer, Director of Finance 2nd Resources, Director of Business, Director of CPAG in Scotland and Director of Policy, Rights and Advocacy. The total employee benefits of the key management personnel of the charity were £413,76712023.. £404,064). The average weekly headcount during the year was 7512023.. 801 and the average weekly number of employees Ifull-time equivalentl during the year was as follows:

Child Pove¥ty Action Group IA Company Llmited by Guarantee) Report and Financlal Statements Year Ended 31 March 2024 2024 Number 19 16 2023 Number 18 23 Welfare ri8hts and test cases Information, research and campaigning Fundraising and publicity Training Membership Publications Governance Support activities li io 65 69 Taxation The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. Training Net training income will continue to be ring-fenced 3nd only used to continue or enhance the charity's educational supplies. Tangible fixed a55ets Fixtures. furnitu￿ & equipment Leasehold buildings Computers & software Total Cost At 0110412023 Additions in year At 31 March 2024 1,766,146 110,889 2,786 113,675 382,921 98,632 481,553 2,259,956 101,418 2,361,374 1,766,146 Depreclation At 01/04/2023 Charge for 2023/24 At 31 March 2024 286,798 35,537 322,335 85,507 10,501 96,008 316,251 42,438 358,689 688,556 88,476 777,032 Net Book Value At 31 March 2024 At 31 March 2023 1,443.811 1,479,348 17,667 25,382 122,864 66,670 1,584,342 1,571,400

Chlld Povety Actlon Group IA Company Llmlted by Guarantee) Report and Financlal Ststements Year Ended 31 March 2024 45 Investments 2024 2023 Market value at the start of the year Amount deposited in the year Unrealised gain 1,555,740 68,692 428 1,528,211 27.351 178 Market value at the end of the year 1,624,860 1,555.740 Historic cost at year end 1,626,792 1,557,243 Investments comprise.. Close Brothers Group PIC Shares listed on the LSE Investment in trading subsidiary 1,622,929 1,929 1,554,237 1,501 1,624,860 1,555.740 The deposit of £1,622,929 in Notice accounts is managed by Close Brothers Group Plc. Trading subsidiary is CPAG Ltd and LSE stands for the London Stock Exchange. The shares represent 500 ordinary shares held in Banco Santander Hispano Central. 10. Stock 2024 2023 Work In progress Publications for resale 171.936 11,898 79,701 4,576 183,834 84,277 11. Debtors 2024 2023 Trade debtors Other debtor5 Prepayments Accrued income 906,203 17,263 102,181 126,799 662,950 59,259 109,290 192,628 1,152,446 1,024,127

Child Poverty Action Group IA Company Llmited by Guarantee) Report and Flnandal Statements Year Ended 31 March 2024 12. Creditors.. amounts falling due within one year 2024 2023 Trade creditors Taxation and social security Other creditors Accruals and deferred income 187,749 82.170 227,314 1,459,050 207,275 80.982 254,803 1,323,638 1,956,283 1,866,698 13. Analysis of net assets Between funds- current Designated Restricted Fixed assets Working Capital Other General Total Tangible fixed assets Fixed asset investments Net current assets 1,584,342 1,584,342 1,624,860 1,624,860 1,148,532 11,053,493) 1,532,821 1,627,860 Net assets at the end of the year 2024 1,584,342 1,148,532 571,367 1,S32,821 4,837,062 Between funds- prior Designated Working Capltal Restritted Fixed assets Other General Total Tangible fixed assets Fixed asset investments Net current assets 1,571,400 1,571,400 1,555,740 1,555,740 901,129 1719,9941 1,624,215 1,805,350 Net assets at the end of the year 2023 1,571,400 901,129 835,746 1,624,215 4,932.490

Child Poverty Action Group IA Company Limlted by Guarantee) Report and Flnanclal Ststements Year Ended 31 March 2024 47 14. Movement in funds Current year Atstsrt of the year Income & Expenditure Investment & unreallsed 8alns 10s5es At end ofthe year Transfe Restricted funds Scottigh GovernmÈnt- second tier welfaie right5 service Trussell Trust- food bank income maximi5ation service The Legal Education Foulldation-Access to Justice in Social Security Scottish Government- Cost of the School Day Project Barclays Bank- Your Work YoLJr Way Scottish Governrnent through a CYPFEIF and ALEC Fund grar)t for the Early Warning System Grant for the Welfare Rights Advice Service Grant for brighter futures in education work Trust for London National Lottery Community Fund and the Waterloo Foundation- Cost of the School Day Wales abrdn Financial Fairness Trust City Bridge Trust The Robertson Trust The Legall Education Foundation- Strengthening social security University of York- Changing Realities The Clothworkers Foundation Expandin6 Free School Me31s in England Tru5sell Trust- income maximisation and cash first support package in Scotland Cost of the School Day project in England Digital Freedom Fund National Lottery Community Fund- Young Leader5 projert Deborah and Laurence Harrls Voluntary Action Orkney and the Trus5ell Trust The Big Give ChaTnpion5 for Children 2023 bv The Childhood Trust Expert welfare rights advice service Fusion 21 Foundation Oxfam- State of the Nation5 Project Oxtam- End Child Poverty in Scotland University of York- benefit changes and larger families 732,000 1732,OCOI 186.935 1186,9351 183,841 1183,8411 152,478 1152.4781 139,662 1139.6621 139,650 1139,6501 116,592 91,921 70,020 1116,5921 191,9211 170,0201 67,943 167,9431 66,462 58,050 35,529 166,4621 158,0501 135,5291 124,2891 122.7661 120.3001 120.ffl01 24,289 22,766 20,300 20.mo 19,500 119,5001 16,702 15.595 116,7021 115,5951 15,381 115,3811 115,OWI 114,5431 15,0 14,543 12.032 112,0321 10.655 10,002 10,000 5,000 110.6551 110.0021 iio,0001 15,0001 15,3761 5,376

Child Poverty Action Group IA Company Llmited by Guarantee) Report and Financlal Statements Year Ended 31 March 2024 At start of theyear Income & Expenditure investment & unrealised gains Transfe At end of the year University of York research developrnent funding award- Changing Realities TUUT Charitable Trust Other @rants Action for Children Oxfam- Inequalitie5 Amplified project The Legal Education Foundation-justitè First Fellow 4,996 14,9961 13,4131 13,0501 3,413 3,050 1,800 1,000 li.omi 17911 791 Total restricted funds 2,293,273 12,293,273) Desi nated Tangible fixed assets Operational Working Capital Development fund Investment fund Fundraising investment Impact Fund Total designated fund5 General funds 1,571,400 1,129 s￿,000 55,746 iio,000 170,000 3,308,275 1,624,215 188.4761 101.418 247,403 198,6331 1.584,342 1,148,532 401,367 155,7461 Iiio,cooi 170,000 3,304,241 1,532.821 1254.2221 12,789,tK>21 250,188 1250,1881 2,947,796 Total unrestritted funds 4,932.490 2,947,796 13.043,2241 4,837,062 Totsl funds 4.932,490 5,24L069 15336,4971 4,837,062

Chlld Poverty Action Group IA Company Llmited by Guarantee) Report and Financial Statements Year Ended 31 March 2024 49 PriDr year At 5tsrt of the year Incorne & Expenditure investment & unrealised gain5 losses At end of the year Tra[￿le[S Restrirted fund5 Scottish Government-second tier welfare rights service National Lottery Community Fund- UK Cost of the School Day project Barclays- Your Work Your Way The Legal Education Foundation- Access to justice in Social Security Scottish Government through a CYPFEIF and ALEC Fund grant Scottish Government- Cost of the School Day Project Trussell Trust- Food Bank Income Maximisation Service Grant for the Welfare Rights Advice Service and Universal Credit Advice project City Bridge Trust- Universal Credit London advice project continuation Trust for London- London Calling Cornic Relief- Universal Credit Project Pears Foundation for UK Cost of the School Day Project TUUT Charitable Trust Donations to BBC Radio 4 appeal and other donations for UK Cost of the School Day project Grants and donations for the Advice Line and other work in Scotland Fusion21 Foundation, Northwick Trust, and Riverside for Mental Health and Benefits Handbook brdn Financial Fairness Trust for the project on identifying difficulties claifflant5 face when migrated onto Universal Credit Grant and donations for removing the financial barriers to children's education after Covid-19 Barclays- Survivors Welfare Advice Projert Digital Freedom Fund Acce55 to justice in the face of digitalisation of means tested welfare benefits in the UK Royal Borough of Greenwich contribution to the UK Cost of School Day project in London Oeborah and Laurence Harri5 to support leg31 test Case work 732,( 1732,0001 439,026 1439,0261 1400,2471 1230,6871 400,247 230,687 139,650 1139,6501 123,421 1123,4211 107,950 1107.9501 95,217 195,2171 78,328 178.3281 146,4071 137.4471 46,407 37.447 37,375 137,3751 137,2861 37,286 36,281 136,2811 36.225 136,2251 29.998 129,9981 20,274 120,2741 18,334 118.3341 17.997 117,9971 13,842 113,8421 13,333 113,3331 12,500 112,5001

Child Poverty Action Group IA Company Llmited by Guarantsel Report and Flnanclal Statements Year Ended 31 March 2024 50 At start of the year Income & Wèndituie Investment & unrealised galns losses Tran5fer5 At end ofthe year University of York- Changir)g Realities project abrdn Financial Fairness Trust- ending the need for foodbank5 project University of York- Covid Realities project Therium Access Limited- continuation funding towards solicitor Coventry City Council contribution to UK Cost of the School Day project in Coventrv Charities Advisory Trust Good Gifts Catalogue- catch up education University of York- benefit changes and larger families Orbit Group contribution to UK Cost of the School Day project in Coventry Strategit Legal Fund Newcastle University- childhood poverty in the North East Trussell Trust- ending the need for foodbanks.- income maximisation and cash first project in Scotland Other grants 10,032 110,0321 8.688 18.6881 17,8721 17,3831 7,872 7,383 4,5CXJ 14,5(K)I 4,5 14,5001 4,376 14,3761 4,375 14,3751 3,276 13,2761 2,225 12,2251 2,075 12,0751 2,￿2 3,iJ)O 15.0021 Total restrlctsd funds 2,￿2 2,766,127 12,768.1291 Des1 nated Tangible fixed èssets Capital and infrastructure reserve Operational Working Capital Development fund Redundancy/leave Investment fund Catllpaign fund Cost of living reserve Fundraising investment Impact Fund Total designated funds General funds 1,653,916 100,000 1.166,770 loo.000 85.000 259,543 50,000 67,000 iOO,O(M) 187,5461 5,030 1100.0001 1265,6411 400.000 185,0001 184,0341 1.571,4 901,129 500,Q 1119,7631 150,OWI 55,746 167.0001 10.000 170,000 116,6451 16,645 iio,000 170,000 3,308,275 1,624,215 3,582,229 972,225 1257.3091 12.356,2521 2.991,597 Total unrestricted funds 4,554,454 2,991,597 12,613,561> 4,932,490 Total funds 4,556,456 5,757,724 15,38L6901 4,932,490

Child Poverty Action Group IA Company Llmited by Guarantee) Report and Flnanclal Ststements Year Ended 31 March 2024 51 Purposes of Restricted Funds Scottish Government- second tier welfare rights service The grant SLJpports CPAG'S second-tier advice, information and training service, ensuring frontline agencies provide accurate, high quality and effective zdvice and information on UK and Scottish Social Security benefits for people both in and out of work. Trussell Trust- food bank income maximisation service Second of a two-year grant to support Trussell Trusvs income maximisation service at food banks through a second-tier welfare rights advice servite to benefits advisers funded by the Trussell Trust, helping to ensure individuals can access their full beriefit entitlement. The Lègal Education Foundation- access to justice in social Security Scottish Government- Cost of the School Day project Final year of a 28-month project increasing access to justice for families on a low-income accessing welfare benefits. Second of a four-year grant, as a national programme within the Scottish Attainment Challenge, towards salary and support costg of the project rnanager, information officer and participation worker. and project Costs. The project provides more strategic leadership and SLJpport to more schools and local authoritie5 on tackling cost barriers and maximising incomes,. ensures policy and practice is ir)formed by children and families on a low income, and children increasingly lead on the Cost of the School D3y. Barclays Bank- Your Work Your Wav Fourth of a four-year grant for an innovative work support programme for potential second earners from low-income families. helping them overcorne barriers to get into work and progre5S. Scottish Government through a CYPFEIF and ALEC Fund grant The Early Warning Systern collects and analyses evidence about the impact of changes ir) social security on children, their families and the comtnunities that support them in Scotland. Grant for the welfare right5 advice service and Universal Credit advice project Grant to CPAG'S UK-wide benefits advice and specialist Universal Credit advice services, free to any frontline worker. volunteer or adviser helpin8 people on low income. Grant for brighter futures in edutation work Grant for removing the financial bairier5 to children'5 education and Cost of the School Day work. Trust for London Grant lor our London Calling projett which ended in December 2023. centrÈd around our London family panel. First of a two-year Erant from the National Lottery Community Fund and c(F funding from the Waterloo Foundation for one year towards our schools practitioner, for our young people take over the Cost of the School Day.. Every Voice Heard project. The project help5 schoo15 and local authorities to identify and overcome cost barriers to education, 50 that all pupils can have the same sthool experience. National Lottery Community Fund ar)d the Waterloo Foundation Cost of the School Day Wale5 abrdn Financial Fairness Trust Third of a three-year continuation grant for 3 London Universal Credit Welfare Rights Worker and associated project cost5. The Robertson Trust First of a two-year grant for a project to strengthen soclal security in Scotland. The project will make policy recommendations that provide greater financial security and stèbility for familie5 currently on the edge5 of Scottish social Security entitlernent or who ale excluded altogether. First of a three-year grant strengthenine social security by evidencing pioblems and strengthening the sector with early legal challenges. The Legal Education Foundation- strengthening Social security

Chlld Poveity Actlon Group IA Company Llmlted by Guarantee) Report and Financlal Ststernents Year Ended 31 March 2024 52 University of York- Changing A collaborative project betweeri parents and carer5, researchers at the University of York, and CPAG, to document life on a low income and push for change. The Clothworkers Foundation Grant for free digital acce55 and updates to the Fuel Rights Handbook Grant from Hogan Lovells International LLP and Law for Change for a research project on free school meals in England. Expanding Free School Mea15 in England Trussell Trust- intome maximi5ation and cash first 5LJPPOrt package in Scotland second tier 5UPPOrt for Tru5sell Trust funded advisers. training and information for food bank staff and volunteers Cost of the School Day project in England Co-funding from the TUUT Charitable Trust and first year tsf a two-year grant from the National Education Union towards our edueation polity work in England and breaking down financial barriers in schools. Digital Freedom Fund Project on acce5S to justice in the face of digitalisation of means tested welfare benefits in the UK. National Lottery Community Fund - Young Leaders project A three-year grant that aims to ensure.. lil children and young people in low- income households have a say, and are heard, on what matters to thern when it comes to poverty and the school day in London. and lill the experiences and outetsmes of young people growing up in poverty are placed at the heart of decision rnaking in education. Towards our legal test case work. Deborah and Laurence Harris University of York- benefit changes and larger familie5 Project on how benefit change5 affect larger families. Voluntary Action Orkney and the Trussell Trust Increasing access to Scottish Welfare Fund grants. The Big Give Champions for Children 2023 by The Childhood TrLJSt Big Give campaign including match funding from The Childhood Trust towards ensuring young Loridoner5 have a say, and are heard, on what matters to them when it come5 to poverty and the school day, Grants for our expert welfare ri@hts advice Service. Expert welfare rights advice service Fusion 21 Foundation Grant for free digital access and updates to the Mentsl Health and Benefits Handbook OxFam State of the Nations project Grant toward5 research and a report on child poverty in the different countries within the UK. Oxfam- End Child Poverty in Scotland A project for End Child Poverty member5 in Scotland to developing a policy platform. University of York- benefit changes and larger families Project on how benefit changes affect larger familiÈs. University of York research development funding award Changing Realities Grant towards a micro campaign with Changing Realitie%15ee above for details on Changing Realities). TUUT Charitable Trust Funding a parliarnentary assistant. Other grants and donations Other grants towards CPAG'S work in Scotland.

Chlld Poverty Action Group IA Company Limited by Guaranteel Report and Flnanclal Ststements Year Ended 31 March 2024 53 Actlon for Children For training for Action for Children Glasgow Family Support. Project highlighting the need to address the wider racial and gender inequalities that drive child poverty. Oxfam- Inequalities Amplified project The Legal Education Foundation- Justice First Fellow Two year grant to host a Justice First Fellow. Purposes of Designated Funds Tangible fixed assets reserves Reserve relates to the net book value of tangible fixed assets at the end of the financial year. Operational Wc)rking Capital reserve Reserve relate5 to net value of debtors. stock. and trade creditors at the end of the financial year. Development fund res@rve Reserve to fund further identified strategic projects to increase the income of CPAS over the next three years. lrnpact fund Reserve designated to fund additional campaign projects over the next three year5. 15. Operating lease commitments The charity had total commitments at the year-end under operating leases as follows: Pro 2024 merit 2023 2024 2023 Within l year 1-5years 42,412 127,235 21,206 169,646 8,918 24,607 7,200 28.800 169.647 190.852 33.525 36.000 The property lease is for the office of CPAG in Scotland. 16. Related party transactions Other than the transactions with Trustees disclosed in note 3 and the remuneration of the key management personnel disclosed in note 5, there are no related party transactions requiring disclosure in these accounts.