Ch*lty r•gl•tratlon numb•r 803680 IEngl•nd and Wale$) Clwlty I•￿$traI10n numbw SCIJ39050 {SGolland) Comp•ny ff•gl•lratlon number 02S16140 CANINE PARTNERS FOR INDEPENDENCE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 CANINE PARTNERS FOR INDEPENDENCE LEGAL AND ADMINISTRATIVE INFORPAAnoN Trusle•¥ Dr C M Elw¢￿ MAVet MB Msc MS (R05ign8d 8 May 2025) PhD FRCVS Rabbi G O Sclmlman Bsc MA FCIPD {Reslgn8d 8 May 2025) M$ J M Hil KIA (Oxon) {Re5ign8d 8 May 2025) MrRJ RBrcth-ChaY Mr N J SI￿h•￿ Bsc (Econ). V¥ Choir Mr J C W Hathnass Bsc (E¢on) FCIPR H Belmore Mrs M BenUey4txe BS¢ MEd MrBGBut Mrs A J N Delau msREs￿ Mr M D TIM)m MSGAEC Ms V J aon8y {App)int8d 16 September 2025) {Apw)inted 16 September 20251 {Ap￿inted 16 Septembgr 20251 IApp)inl8d 16 Septemhr 20251 Is R E H￿￿n*1 DrJAJRer MrTDSIvo Sacrntary Ms F Ford8 S•nlor Managoment T••m: Ms L Eldr&l Ms J 8um$ Mr D Larc8y Gen8ratKJn of FiTra￿e & Reswr Ms F Forde Charfty number (England and Wales) Charlty number (Scodw Company numb•r 02516146 Roglsterod offlco MIrtArthTrain•w C￿{18 Ashby Road osgath￿t Lowhboffj￿h LE12 9SR Audltor Kkxxe {Southl LLP City Gates 2. 4 Soulhwe chi￿￿$ter W68t Sus P019 8DJ CANINE PARTNERS FOR INDEPENDENCE LEGAL AND ADMINISTRATIVE INFORMATION Bank•rn Ltyl$ Bank 4 West Straet Hampshiro P09 1PE CANINE PARTNERS FOR INDEPENDENCE CONTENTS Cha4f$ R•vt•w Trustee8' rep(xi 2-12 ststemanl of Tmsle8s' responsiblmles 13 Independent audknts rewl 14-17 Statement of finoncil 18 Balanc• sPrf•l 19 statem￿1 of cash Ilows Notss to fin•)oal sl*•mwts 21-35 CANINE PARTNERS FOR INDEPENDENCE CHAIR'S REVIEW FOR THE YEAR ENDED 31 DECEMBER 2025 2025 has begn a very posilive year for Canine P*ws. This Is measw*J de￿Y w) terms of tha incom& that was genèralod. ￿ which we raiseil £5.366.27T in incl￿. the hhtst annual in¢omo in Dur hi510ry. Our operational oulpul was also a successful achiovemant for the charity. with 32 d￿3$ tral￿d arKI plac*d to conlinue supporting our 266 b8n8ficiaries, 8natrJing them lo live thèir to the I￿1. The first year of ow strategy has dèlSvered growth and stsblllty and is a lestamenl to the ha￿ *r&rk arKI dedution of our slaff. supporters voluntews. wsih mosi objectives and targets forthe year athteved ty exeeeded. The y￿r has also been one of c•lelYali￿, has Wp8d to contslbule towards these fantath r8sulls has had a posibve impact on Ihg ￿￿tUre engagen￿￿ Lrf ts organisati￿. Partners. staff and volunteers. engagement scores have t*8n 8xtremdy buoyart with r8al èxeitem&nt about th8 direction and fuiuffj of the organlsation. It ha8 boon great to arwj thè n￿M•)￿￿ t￿ILlI¥j boh1￿1 a very foGvsed and dear strategy. A slgnincant mlleslono duriNJ tho year was the rnnpleliM cl the sale of our fomier SoLthem Training Centre in Hgyshott, West Sussex. The site, whlch clostsy Sn Jun8 2023, was listed for Sa￿ in Auwsl 2024 and completèd in May 2025. Heyshott was a pivotsl part of OLY ¢har*y lor over 20 years. but it would havo roquirod signfficant investment lo brirwJ it up to ￿K#J9M stsrKlar(Is. Givon the changing natwe of our work, indudiThJ greater llexibility for remots working among both train8rs and support staff. reinvesiw in Iho site was Mt ￿l$Idered the best use of funds. This decasion was surqJ¢)rted by our su¢cessfiA 4dapts1k￿ owatiry ffK)Jel COVID. enab￿ng us to contiNJe dèliveriig services with one tr￿r￿n9 certr8. W8 Lmdorstand that this wa8 a decis*)n fc* ev￿YOne t%￿ne(led with Canin8 Partners. Heystrth was at th8 heart ol the charity for many yea￿, supporters weffj undetst&dably CQfKem8d a￿)ut what tho dosure might mean fof our future. We hopg tlw)se who haw (writyjnw arp r8as5wed by cu C<￿tinUed impact and 5tr8ngthened finaneAal resd18￿￿. Akfflg5wJe the asset sale. ￿ were grateful to rgceivo a of ggnwous leycy donaknrts. Combined ￿￿th strong annual ￿COMe genera￿n. this has plac&J the chwity ￿ a t￿bOn of finanLial streroth and stability. ThK8 fortunate financial posthn has reS￿d in the tharity holding TeseNos in 8xcess of our pc4w. However we have c48ar plan lo spend thiwn Ihese lunds in ways that ensure the I￿1￿M success of Canine Partners ar￿ that enabl8 us lo support more Poop￿ over the lifelnna of ow r)JryBnt str*y. kn d&tail is ￿ the Yukn plans. seCt￿n ol th& repo Thg Board of Truste8s ￿ also beon Strengtr￿rnd during tho yoar. WO weknmad n6wTrnsttss Dr JessKa Rendlg, MTS Rachel Hucknall. Mr Tornas Shore. arml Ms Ifictoiia Ck)noy, bring valuable spills and experience acros$ marketing. researth. anirnal wdf¥e. disabilty aw￿￿$$. leaderthp. and tho tlwrd se(*or. Their frash ideas and pe￿peCtiVeS have already o)ntsibut8d m8anwwfithy to a Nmbar of conwlax and ch4longirKJ project8. I would Ilke to Pay trt)ule to Dr alve Eh¥ood. Rabbi GKleon aThJ Ms Jo Hill. who stepwd dDvm as former Chalr, Mctrchalr and TrLtstee reSpecti￿ty ￿ 8 May 2025. Thoir colKtiva 24 year5 d s8Nic* and de¢knllon have left 8 la￿Ing legacy for C&iin8 Partnern, and I Ih8y také great wwje Mi the wnpad Ihey have madg. This my first f￿1 year as Chay of TnL%tO9s aThJ. NKk SyYl8nham. I W￿ld like to thank all Trustees. past and pres8nL f¢N their passion. wsdom ar#J ca)mnMlmenL We ask a great deal of them as volunlgers, and their dedication enables the charity kn thri￿. None of what we achiev￿1 this year wr￿1 havo t*8n wiL48 witlKMA NvJedibkg Yo￿nI09￿. Th8* commitment goes f8r beyond th8 'iiomwl' ¥o￿nIe•r ask. uNving extraordinary amounts of time. a[￿rgY and care to support the Ch￿ty. The Board is continualy astonish&J by 7hthal be ttYwJh d8tarmlna￿ft and g8n8rosity. In summw, 2025 was an Sncrediblo year for thè charity. We *e ddivering ajainsl our pl￿5 for positNe, plamed growlh and change, and we entered 2026 kn a posknn of strength. ￿nfidence and darity of purpose. MrRJRBmoko Chalr Datè.. 20 May 2026 CANINE PARTNERS FOR INDEPENDENCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPOR FOR THE YEAR ENDED 31 DECEAIBER 2025 Con•titutlon Canine Partners for Ind6peThJenee is a company limited ty guawtee a wister￿ charity. govemed by its Arilcles of Assoualion" ccrfnpany registra￿n numbor 2516146. The Charity is registwed wilh thè Charity Commission, BU3680 and the Offic8 dth8 Scxjuish Cha1￿Y Regulalor. number SC039050. Dlr•ctors and Tru•th The directors of tho charllablo Company fthe chwi￿) we Trustees kjr the purposes of charlty law and throughout thi5 report ar8 coll8ctivety reforred to as Ihe Tru8t886". The Chwr Is elected by t￿ Tru5teos. along wlth its other key officers. Trustees have the power to ak)pJYit •Jthlional Trustees and to fill vacancies. TTuslaes serviThJ duriig the yoar and ST￿ thg year erKI ￿ li5tod ab¢)¥g. Tmst•• Inducdon and Trnlnlng New Tw$tse5 undergo an InduclSon progranmne to iilff*kne them to th8 Charity. their IwJal oblwations Lmder c*8rity and company law. tho ccffllont of tho Artrdes ofAssociation, the d8c4sicTrmakry process, the budg8t, Strategy, risk ragistsr ar￿ r8cont financial p8rfornpnce ofthe Charity. Dwiig thè inthjdion programme. t￿Y mo81 key empkjyoes IOT a detailed briefiryJ. Trustees are encourag￿ to att￿d appro￿ate extern￿ trainirkg ovont5 whgro theso wlll facllitate the undertakirwJ rospgdwo rde5. aThJ to pwbcyale in e¥ents thal am by Ihtr Charity. 0•1ogallon and D•cl•lon Maklng The TNstees dele9ate daY-t(￿daY managemonl of thg Ch* to thg chi￿ Ex8￿11¥8, in tum d8legates specffic rgspongbilities lo the SenKJr Leadership I￿￿. The SLT meets once a week to dis¢xss progress against objectives and to tske coll8clive do¢isions on matters ￿sIng. A ￿nthlY rop)rt is preparod for the Board of Trustee5 in addition lo quart8ty tx)ard meetlws lo keep trustees apprised of actrvity at tho charity. Prhjr lo 1he beglnning of each firbana* ye¥ a budgot alory wlth cMS￿￿1r￿j ath*y agre*J with the 8oard, and this gukl8S th8 daci5￿n maknng throughout the year. R•mun•rntlon for Key P•vsonn•l l Trustee5 are ervJaged on a vdurtary basi5 a￿1 noi rgc•v4 rwwn8ratkn or benefts ouiswje of tkwe thal all vol￿te8r$ are enlliled to. such as the ofoxpgnsos for travel arnl substhnce. Pay is benchmathed agwnst th8 market biannual￿. and Ihe salary rwges are approved at Ihe People and SeNice SuWommittee, which was reform&1 as the Central Services Sub¢ommitteg durirvj Ihe year. Salary awards arn discussed w6th th8 Tntstse Board and awa￿ed in ITh *ilh the approvad budg8L Salary awards are based on the role. and increasos are larggly rela￿ to Iho Uxt of I￿￿J. Th8rn i8 Th) fom￿ w10m￿nCe-rel8l0d pay. Kèy F¢rSon￿l do not recwvo other benellls. M•mbwshlp of A•*lstanc• Dogs UK and As•lstm Dop EU Our succtssful re4etteditatson with As*stanGe Dog5 Inlomati¢)nal {ADII Ihis ye8T ￿nf￿rned that we maintain our exemplary high standards in r8gard to the training of assislance dios. as w811 as a cdsaborative and active member wtNn hssslance Dogs UK (ADUK}. CANINE PARTNERS FOR INDEPENDENCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR ThE YEAR ENDED 31 DECEMBER 2025 ADUK has stseffjthoned lis Volce aNI darity ol awn5 arKI a¥piralVy￿ ￿ its n8wly publlshad position statement thi5 year, stsJr¥J that thoy alm to break b•ffiets fow a85thnce pwthwshys by creating lasllNJ change . Slr8ngth8nir¥J legslation so thal assistsrrA are deady defined in law. with conststent gXPeCtatson$ around stsndards of training. b8ha￿Ur. and weware lo pmlecl the peTSon. the dog. and the public. Embedding rotrMJst. consistent standards that apply to al assislane8 dogs, ensuring hNJh levels of tsnir and weware are ap￿led arxoss all training routes. Such slandards would ensurn that all disabled paople with a highly trained assIstsn￿ thg *t*ukl have ts opportunty to bg fomially recogntsed. Clear. CCffl85Stent standards also gNe Serv￿ providers urMmbigwu5 gilda￿a and provklws fail to allow thgso stsndards will $lP￿ h¢Ading them to a(zount. . Educating seMc8 prov#J•￿ and the wblic to tackle discrwninatK>n. Iwild awareness. and or￿l ossistance dc￿ wknerships arg we1cc￿￿J. not 9￿$110￿. When go wrong. dearar rout8S to justica and stronger aC0)￿tab11ty must b8 in placo. With Ihls bold and colatr*)ralive statem￿. it gN8S a￿s￿r￿8 dTrJ users aThl Ihe general public a dearer and coherent message of what their umbrdla cryanisalkin is s81 to support and dgliver on bohalf of its members and the wider sa¢tor. Canine P8rlners remains a pKoactive Mefflt￿ ofADUK wrth strong ropresentauon across all the worknng groups and al the Board lavel. with the reonl appointment of Lucy Eldrgd. Caning Partners CEO. as Twstse forADUK. ObfvctlvM and A¢tlvltl•s Purpo$•. P￿11¢ B•n•fft and Maln A¢llvltl• The Ob￿¢13 of the Charity are kn wrchase. l￿d. or OtheTh￿Se acqwe. lo traln and educate dogs lo b8 provided to give effid&nt safe assistsnce to persons *ith thsabl1￿e5. to furth8r train and 8thcate for th8¥ tr•vn benofit. Disablgd Pe￿S in ts proper or#1 safe use of %K* dogs and to provwJ8 additional se￿l¢e$ and facllltlas for th8 r8ligf of Disabled Pers￿$ as lh8 As￿jaIl0n fmm tinw to time dèems frt and also b) work wilh individuals, or in in81itulions. as part of pel facililaled thfjrapy programmes." CaThna Partnors, is to wnprov8 Ihe qualty of lifv ifK*p•r#kn crf pKyl8 liwNJ with physical disability. many of whom use a wheelchair. This is done through the provision of hvJNy trained assistarKe dL*JS. which ar& carefully $8lecled and skwcl￿IY trained to carry any nunts of specialised assislive tssks to 5ncreas8 di88bled pèopte'$ independence aNJ emolK)nal wellbeing. In revivwing the Charity'$ aim arxy obiecilves, Trustees confinn Ihey hav had careful regaid for the Charlty Comrrmssion guid￿ crfi PublK Benoft. Th9y aro wifidonl Ihat the Charity's actlvitles lo promote and impyove the independenc8 ￿l￿ti￿ng of those living with phy8Scal dlsabillty fall within the d8flnthon of tho Adv0￿Ment of Heallh. The slrucluro of the Chwty is bawj WOL•id Ilyee aclibikn." 1. (*8ralions. cA>mbining". a. puppy breethng arKI SUFPIY. b. puppy traring.. advanc8d Irainwu: application8', e. afte￿re. veterinay and vAlb8¥￿ support 2. MwkeliTrJ and Incomg G￿ra 3. FInar￿ & Central SeThK8S Tho above main acliviti8s are s￿ported by of slaff aTrJ volunt•or& either based al the National Tralnin9 Centre or across the regi￿$ ol the UK via puppy satellite wps aThJ widespread commurmty fundraising volunteern. CANINE PARTNERS FOR INDEPENDENCE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Achlevamtnts and P•rlavm•n S•r¥l￿ D•llv•ry Our Dogs We plac8d 32 traln8d dc*Js in&J car88rs wyth parthers, (Y as bmods or as arthssathrs in 2025. We ar8 still axperi8nciNJ the effeds. e¥Tn 3 w. of PWKlgnw¢. a￿1 Lwr nurrt)ors ffjmain lower than ideal, largely due to the productron tim8 of an assisiance dog. from birth to plarwnent. However, we have $ignificanUy increased th8 n￿lber of puppies we braeding and purtha$ir#J to meet the neods of those on our walung list, and we expect to see year•on-year improvement over the course of our fwtryear strat89y. 2025 was a key year fcy Ihis.. 75 puppigs were bom. arthj 10 wwe brought in extemally. vnth 107 pwJpi8s in trnining hom8$ at somo point dLYing the yaar. We will see thosa dogs F4a¢ad into o caw in late 2026 ￿ld 2027. Our breedirwj programme faced some d￿l￿￿s. *ilh svrferal br(￿S boing raft￿d from tho prty8mm6 due to Toutine health checks. whith are irn￿rtant lo preseNe the health rrf our d(y. There1￿. we ended the yew ¢)n 11 broods. Fulure brood r8cNts to the progr*M* arè key in the next ￿ years. Wa ara reliant on volunteèrs to help us raise tr•n cMJr puppiès. they are happy. well_rounded, confident and resilient dogs. Of the 107 that V•we #i puppy the year. 29 entered assistance dog training phase. joining the 17 dogs who slarted the year therg. This phase of the dog5. training bu￿dS on the foundational skils to hdp d8velop task for ￿r partners arxl tw are ￿nf*￿ent and happy envlronméntalFy. and also where we match dog ￿th human. is both a so8nce and an a Of those dogs who entered dog trainwwj. 24 of Ih8sa a5 partn8rslws.' 20 as lac*eted canlna partr•rs, 2 as home assisiance canSnes aThl 2 as canin8 0)mparwon8. We welttthed 4 bro(#Js and 4 ambassadors lo the team. We support tho partnership beknn an assIs￿ce dcKJ and a human for the Itfetine of the pathgrship. arvj sometimè$ beyond rethremenl. In 2025. tho Part￿lshIP team condLsthd 788 vt%its. a rnixture of inyrson and rtl￿1. This does not represont all tha work they th outsido of thè Trts for parthorn, SLK* as liaising with vèts. supportirwJ wth access r￿Ues, hedth plans. signpostirvj to other agencies WKI aryangkng d(¥ f¢)Stets - both planned and emèrgency. We ended 2025 with 266 pa1netships. inch￿ilyj 3 dual d(V. Wus 17 aclrrfe Carti￿8 c£¥npankn$hips. During the yew. wa rettred 32 asslstance dogs: a fijriher 19 parts￿shipS ￿le dissolved due to eith8r th8 partner or th• dog passing avrdy. and 4 dogs were withdr•wn from partnetship due to unantK4)ated health. envronmental. or b8havioural issugs. or due to thanggs in a partr*s heath. (Xjr ar8 welcome to a￿lY for a Su￿$5￿ dog. as part ol ourADI accreditat￿n. them. We welcomed 4 dogs into wr ￿nbaSsathr team. key to spreading th8 woryj ajout what we do wf(h their vol￿1teÉr h￿d￿ts. We have a totsl of 19 ambassad(xs cm Ihg team at Ihg end of 2025 after s(¥ne w811-eamed reliremenls during the year. These dogs and Ihoir handkgr5 SuP￿rt 8vents. fun**aising, open days, training, applicant 8&s￿$mants and much more. These dogs do a variety of tssks. from being Meet-and￿le8t dogs and d8monstratlon ￿g$ for{￿r lo￿h, IWJ. retsieve, task showww the day-in-twlifg of a dog in partnership. {￿r dogs and partners are SUP￿y18d ty w N*terlnary tea)), who oversee t*alth WKI wgffare plans for our dogs, proventative care. Insurance. rehoming, delNer w*lb8ing equipmenl devolopmont and WO￿ with p8rtn8rs to ke8p tha dog healthily and happily wthing for as Ic#ig 8$ possilje. This yew. we are proud of the work we have don8 on our financial assistance programme tr partners to reduce barriers to aC￿sIr0 thls service. making the infomiation required less detri1￿j and 1ntwv￿. Wo are also woud of the ￿rk beiry ¢JJne wound coprothia and physiotherapy. ￿lch will be mu￿-yOaf pn¥8cts. Not all dogs are Slitab￿ to be asSiSLw￿ dcy. and ow rate for ts year acn)ss cmjr tralThng pipo1in8 was 15%. which is on target. These dogs arn rel￿￿ as w important pets. The dogs were wlihdr8wn for health150%) and behaN*)L¥81150%h reasons. CANINE PARTNERS FOR INDEPENDENCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 At Ihe end of 2025. ow wathng lisi sI￿d at 77, wilh approximately haff èath of s￿￿•SS0￿ and nèw applicants. Some of Ihesg applicants havo been w4itwig a sigimficant aTh￿unt of time. allh¢yJ¥th we arè N)w making matches lo nfjw applicants each ￿ar. Of these. 89 wer8 waitiry for a Jacke￿ dog. 4 for a home asSi5tanl. arbd 4 for a canine mpanin. The achievements the seryice ddiwy bam exlend beyTrwJ lust the dog$ that V•W8 plawl wilh parb)grs. aryj I￿lUde.. . Dell¥ery (rf 4 webinors throughout ￿ yaar ow and #p￿1¢￿nts on.. ¢onsenl.baséd handling: troublgshoobng training.. pvepariThJ for w p￿P￿. free woth enrichment ConlinualKyn of our Collabc￿allon wilh APDT and ow staff passiJyJ their tsaiThng qualificalions . Dovolopmenl crf our financial assistance process to make ii18ss intfusf4e and fcrf partn8rs to ar4)ly Conknnualion of our applicantrytrlvned dog tri . Two stsff mernber5 are Lmd¢rtaking bereawmgnt traring Blw Cr( . ActN8 partwllon and chalfft8 In ADUK gr We are also vary ple8s¢d to say we passgd our ADI Acueditath￿ rgnowal in P*)vembgr 2025. A vast amounl of work g08$ into maintsining the standards of Selv￿ aThJ rare wo gr￿ to our volunto8rB arKI partner5. and ihe serylce delivery team ￿nsISten￿Y deliver these s￿dards. Our Partn•r8 Our partnets are an integral part of tyjr Nganisation, and we are 881ourthd by thoir ￿ntInued Su[￿(￿t for our work, as well as the care and love they gNe our dc•3S through￿rt Ihelr fves. They also provld8 supp)rt foi oath other and our volunteers. We have welcomed p*knèrs to our cd8biaW partn8rship days this year. and volunts&r$ havg over4yhelm1￿Y said Ihat part￿r strxkn aNI ewvJnc05 are keep Ih8m volunle8ring. Wa are aware that our dcgs are not perfect rcthts. and the work that our train￿5 yo1￿teerS pul in has lo be continued ty fv partner once placed as an assislanc8 ¢S>J. This 15 not easy. and our partners approach this with tenacity and uyace. There are oeca5Kffls when this doès not work out &)r t*halover reason, and wo are thankfijl for tho partners who continua to ￿ry1h us to ￿￿k1 the right p￿tr￿4>. Your oryjing engagemenl Wty. arwj love for ow mew) tha workl to us. W8 know hcmt much thls loumey means lo you, and your support ujnthrths to *iWre w laams. Vle profouThJly thankful for the Irusl you have aced in us and your conlinued t>)mmim8rt to rAr nKs#)n. Marcomm• •nd In¢omo Genef•llon P•rfr•rn The IrhCCMrn Generalion 18am d81i¥er8d anoth8r stror¥J yw. with our core income streams porforming w811. This refiocts ￿ ￿MMItMent and experbse of our staff. as well as tho conlmiuod gw*rosity ofour supportots. yo1￿100 d partners. LffjaGIos Gifts ￿ Wlis remain Crucial to our woth. In 2025. we rncelved sgverd legades totallSrKJ £3.15m, Indudlng signiknnl gdi from our lon*standing In"end, supwrter and ben&tsctor, Colonel Man Juka$ OBE. AfoUr￿l￿g Tru$to& of Canine Path8ts. Aan and his lalo Iwfe Cwd¥ie were pa$sionat• abcArt ow mission and instrunwntal in th charity's growth. Thèse gifts ￿aY an knplytsnt *r)rk. and ￿ exlend our skKare thanks lo everyone T*kno has chosen to remomber Canin Parlnors n thi5 moaniryful way. Major Don¢x• We recelved several higPtrvaluo dona1K￿s in 2025 that W8r8 essenlia kn d8lpMrwwJ our lrfethnglr¥J work. We exlend our wrKere thanks to am t￿)Se who conti1￿ to u Tvusts and Fowmlatlons We are grateful for thè continuthj SUPK*JI of charitable trusts IcMJrthlUy￿. IndudirKJ grnnts from th8 V8leran8' Foundation arbd fundirwJ aw8rd8d by the Postcodè Con4n￿ltyTI￿l rawd by players of Peor48's Poslcode Lottery. CANINE PARTNERS FOR INDEPENDENCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Corporats F￿￿OI1ft9 We are gratefvl lo our corporate partners supw)rtetl our tA￿rk in 2025. We w8r8 pl8as8d to $88 continued support from Nestlè Purfna Pelcarg. Pels Comgr. Cargnwk Lld. Kew Elgclrical arHJ Nomuda Wsual Factory. and lo W8lcoma n8W support8￿ induding Pars￿ Gin. ProfeS￿nal Talont R8cruitm&nt and Fishor's so1￿10r5. Wa also thank the many companies that suppc*tad us Ilwh aTrJ iTrkind Ih)nations. App•al• and Th• Big Giv• Our 8UPPOrters responded positr48ly to cxjr app8*$ thg yw, partKulaty Thè Big GI￿ Christm•$ Challangq whlch exceeded lis £180k ¢aW We we waleful to donated, ind￿j1￿j our matth funders. Rllslng th• profll• of our work The Marketing and Communicationy tean Ixx*inues to ￿lenesS of impart of assista￿8 (ljgs aNI of Canina Partners. I￿rk. In 2025. this included acthvity link8d to 351h an￿rsary. dong8wJ• orwiry ￿MpaIgn$. rn￿la covwage arKI suprrfjrter coM￿￿nIcatiOns. Hmn rnsource• and our ￿0P1a Human r•$our¢o• We SLuessfulty appointed a now CEO. Lucy El(Irgd. ￿ ¥Wnal C•KlkJa¢g aThJ fmr tlreclor of People. This gave us a full complement of our Senior Leadershi> Teaffl on d8lr48riry ow &year strat89y. As part of the &year strategy. wa devaloped a Peo&4e Plan wlith *41 help u5 lo develop high-pgrfomiing tgams dèpartment. Thg areas of foojs indude: Leadgrship Orwisational Development . Perforrna￿ and Row4rd$ En9ag8monl. Cutture arKI Indusion . Operating Excelieneé Tumovor Unplannèd staff lumover fer 202S was 1VA. an frem 2024's rAThtNJn of 10%. P•rfornwnc• m•nag•m•nt Thls year, we further developed OLY ￿ltUre ol pOrfM￿ management ty Inlmducing n8w mandatory in-house tralnlng sessbns on omployees. roles in the perfrymanco managgff*nl wocess. This was launthed in November 2025, which was w811 recaived by staff. We also conWèt8d (￿r s8eorbJ full ￿rfOrnIan¢0 man89ement cyde under our new perlomianc• management process ￿K1 Te¥iv* this information as part of our talent management and succossion plannir¥J prcws in 8￿Y 2026 to key tsbnt developmenl areas and provido further dweknpm8nl for staff and resli8rK8 for tho dwity. CANINE PARTNERS FOR INDEPENDENCE TRUSTEES. REPORT ONCLUDING DIRECTORS. REPORn (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Pay and b•nchmatklrtg 2025's pay revlew cfjmwsed kn aspeds". ￿nu¥ pay reNrytr* a &yearly revw of salary grades and amendments. W nec*ssary. in Ine wth external fact(￿& {L¥JSt of Iving) to maintain our Slat1￿ 8s a mid-mathet payer. Wo CA)mplaled this prrws in Jw. was wWMnted wi 2025. Some gmpbyees were removed fr(￿n tho S*ry Exchartrje Pwsth schemo in Igril 2025. due to the chang8$ in NatiC￿al Living Wages. madè them ineWl8 foi ￿ schamg. Htykner, this was adt*8ssed as part of the pay review prrKess to ensur6 that al employees could opt in kn this sthemg. if they wanted to. (￿ra1( the pay review was ¥¥ell received by staff. arwj ￿ are ￿nMitted to PTC*2r8ssing staff Ihrough the grad scal8s over th8 next thrne years. Employ•• •ngagwn¢nt wrvoy In 2025. w8 ran our annual 8mploy8• •ryagwwt wr¥ey f￿ the Sec￿￿j year. Lffjlng cAJr new 8rygemgnl thgmes and qu68tKJn Wa followed up on the pTevTOUS yearf5 5WVOy to onsure we ￿ upon ts res￿ as well as gau th8 currenl18v•l of empl¢)ye6 engagement on a more regular basi%. A summ¥y oflhe resutts is.. l>Jr overal resporw rate - 90% {2% increase fr(•n 2024) Average ratirwJ - 3.94 out of 5 [Inms8 from 3.86} Bigw theme increaseg: Fair Deal up 8% Leadership up 5% . Givirwj Somolhlng 8xk 3% Strongest thgmgs My Manager14.30) Giving Somglhing Bxk {4.13) My T8am (4.08) most al of the avgrage xores for eath Ihwne incre￿ or Slaygd ts sam& for 2025. The onty thbma that saw a minor decrease was My Manager {-YAI. Desplle klng the lowesl.SLxiring theme. the erya9ement Sc￿8 for Fw Deal did incr8asè for the ffirsl tim8 in fvlo ygaTS and vas Ihe Ihgme with Ihe h¥Jhest increased sccye. Some of th8 fe8dback SLVg8Sts Ihis is a direct rosult f the work w8 Put into the pay revithv 8adler in the year. Wo akn hewd a lot of posthe leedback regafding flexSble working opbons. There is a strong them8 of le8lww committed lo Pwtners. cause (4.67), wothiNJ togèther (4.65). being proud lo promote the ¥￿Tk of Car￿￿ Partnw$14.641. We have idenlffled areas for improvement for 2026 that wll Pr￿nti$8 the year ahead with SLT and the wider managèment team. Ind￿ti1￿j Sp&If￿ areas that we will wrtegrats in li￿ wilh our aims b be mDre PToduth8 and effirAent as ouuined in our￿￿Year plan. The board areas of ImFwovament d8¥ek)w￿l *6: Dlgltal change PSyc￿￿91Cal safety Personal Do￿k1pment . Remote and Offico working dynamKx Workllrfe balance . Intemal communtstKffl$ Pay & B8nefits CANINE PARTNERS FOR INDEPENDENCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 My manager MyTeam GNe something bad( My chanty Lèadership Wellbeing Personal Fair Oeal Growth •2023 •2024 •2025 Volunte•rs W8 ond8d 2025 wlh 1107 vdunteers aftér a svjnkn ￿ ol rthxuttment events to wKJage ¢w volunts8Tr. Having enough v¢*Jnleors is our blwJast risk b th8 (Ng￿lI)n'. we c(xld Tr)t do ￿ wo do wryllThrt them. We tried new ways of racniting voluntaers in 2025, utillslng SOfAal media, press. whith 5LlPWrted our new communications tsam. showed some success. We wll rleed lo on tr4s In 2026 to recruit rn￿8 voJLmt88rs to mael fAr d8mand. We ran $8v8ral events around tha ojunty to our vdurteevs biNw them together. as w911 as regular updates on our operational ddivery arnl train￿ffj. Wo w **blnars for vohJnt88rs arKI had so¢ial events for those Mi local area$. In 2025, we ￿80 ran our first erryirehensNe suw in 5 yoars. The resurts demonstrated the hug8 StaP5 we have taken In the last I￿8 yearn to inprove how w2 with our vduntgers. Key h*3Nights iidudè.. 92% of our volunteers are proud to Volunteer for and pl￿n0t8 the TAX)rk of CanSne Partners 82% of volLmteers feel like the￿re ha¥iNJ a posilr4e . 84% woukl recommend voluntewing for Canine Partnars . 82% feel valued by C￿1n0 Partnws The58 ￿ exc*llent rewtts are m￿h ￿f￿r0¥￿j on (￿r l&t survey in 2020. Hthvevor. it domonslrat88 w6 have morg *rJrk to th*. We need lo improve ftwlhw how wa ￿MIl￿NICate 7Mth ¥olunkn8rs'. ask ideas and oplnions." bg held acthintablo for our daci8ion making. and und8rslar¥J batter %tho. We have aot1¢￿ plarts to ￿rry OLrt CANINE PARTNERS FOR INDEPENDENCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 We connot give onough thanks to thg ¥olunt8ws who wt effort into raisiTrJ our puppies, foslerfng ow dc#J8, training our ambassado￿. m8nrNng stalls al events. WKI ￿Tel Ttw have lo makg adaptstions to th91r homes. att￿d puppy classes. att8nd th8 ve15 al unsociabl8 how5. wealh8r the Tain and cary our gazabos. Craating lif changiThJ partnerships w0￿d not be prrible and am grateful. Flnanclal Revlew Bas1• for Pr•p•r•tlon The Trustees of Canlne Parlners havg prepared the ￿Trts on thg gryrwJ wicem basis aftor specSal consSd&rn￿0n of soveral factOf5, including d8mand for our servicas as a charrty. cash resourc4s availabl8. ovorn11 IKiuidity and the liabilities of the charity. There has b8en a t￿r￿gh assessment of the faraors that could impact the charitys resources. such as general infiation, Pa￿cUla￿Y in suppty rt￿￿$, the inyd of income reduction sc¢nario$. From thls ￿alYSis, thè Trustees have reac*•J the LX)nclu%th that the charity has adequate resources to operate for at leasl twelve monlhs fmm the date ol 01tr45 ar￿￿81 Income Re￿•W 2025 was a historic ygar for fundraising at CariTh Partners. *ith total i1￿orne reaching £5.366.277. our hSghest evor and wall at4)vo target. This remarkable athievemenl was driven by a mix of gengrous 18gacy gffts. stronger performance frcrfn our apreas. indudiffj our 35th annr4etsary appeal. *¥J a he￿ahte￿ national profil8 thanks to Major media partnorships. Legacies c(ffitinued lo play a vital role. while t￿￿ts. major donors. and individual giving all contributed significanly to our 8WCeS8. Togellw. th080 Trsults dDrrv?n￿e th& Strength of our supporter communty. Expendlturn Revl•w Totsl expendilure for 2025 was £4.12m (£3.72m 20241. wlxh is wilh orwJww41 bLvJg81. Of this spend, over £180k was on non￿¥￿ It￿￿. indudiry a £62k h)ss ￿ lh8 ofthe Trakniry Centre. We also spent just shy of £39k on capital items. v&ilh th& mapiity b8irwJ *Drks of improvwnenl and maintenar￿8 lo the National Train￿9 Centre. Thi5 the previou$ year on bLKlgel. as we Iwd some expected large repa￿. L￿1 we have (y)nlinued with our plan to renew arbd future-woof th8 $rf(0. Tho split of expendllwe bthveen dffernnt I￿n6$S arnas can be Se￿ below. D￿rn9 the pèriLxI. the 'pecple' function was Split. wilh HR falling undw Central Services. aNI Volurteering urmler Operations. For 8xp8nditure Total Expenditure 2025 1.304.662 1.740.292 1.072.899_ • c￿trI Suwce5 CANINE PARTNERS FOR INDEPENDENCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 AlthO￿h g￿ndIng was up on tho prèvious yew. have Contwi￿j io seg savings Ihrwhout the organisation. coming in under budget on key areas such as payrdl arwj dog insurance. Some of thg und8rsp8nds ro118ct 8 lag in activity due to the challenges experiencxd in volwrtoer T8cnMimenL Iwj￿¥er Itwe are plans in plac* to athlr8SS thls chglleng• in 2026. EXpe￿Ilture oporat#)nal aclbvrbes. as a porcentsp of all spgr¥Jir¥J. retwnod to 2023 ￿Ve1$ al 43%. In real terms, sp8nd inueased by 11% but faled to hil tho S￿nd by Ihg sam• arrK)unt 111%). Thls reflecls Jmblnation of risiNJ op&*ional costs Ivel fees. dog food. and M8dKati(￿ in paiticular), comblned wlth the chall¢nging operational enwronmwrt suThDurKlry vol￿t￿￿¥. Spond on Marketing and Incg)m8 Genarntion {MIG> was up sYJl*f￿nty. from around £720k to just over £1.07m. This reffecls our hlstork underfundlrTrJ of fuTh*aishYa and a urnih)18nt to invesling in the fubjro of th8 charity tlwough sustainablg inc4)mg growth. Thè n￿Y fom*d Cefits￿ SeThi￿3 area Pwf0rTh￿ over I1￿ rywinal budg8t {+8%} but was the th area to see a year-ts>year decrease from 2024 (-9%1. Thi8 was partly du8 to a continued affort to ro-map Some of th6 oxnlral costs ar¥J shared rntert￿ds. Efforts in this ward were hirKlered in 2025 by an unSUita￿e finanryal System. but funds wore releasad during the year lo w0￿re a mc#Jèm. a91￿ systan. Thi5 will i￿reas8 costs. but we will see huge benefits from tlmdy and acthrats infc¥makn thrirKJ 2026. R•sor The 18seryes policy of Cankng Partners Is In place to enswe the Charfty malnlains avalable fvnd5 at a certain revel lo fflanago financial risk ftom ris￿9 costs and incomè volatlity. Thi5 res8m onable$ th8 Charity lo continue operating as a going concern whdst pro¥*dw¥J and $LL$ta￿lry ￿ appwiats level of 8eryk* bènefici&ie8 and meètiNJ our finanaal obligations lon9 temi. The Tru81e88 consld8r8d a prokX)881 ¢thMirvJ thè lo reassess thè r8w¥e levd Ènd voted to thaTrJe lh8 reserve 'corrktr)r' to beh¥e8n 6 and 8 nK)nths, vlih a reseNe of 7 monts. Operating costs have ￿8ft ¢*rAtstsd with￿¢ as this is a norrta8h Item and give an inaccuraté picture rf induded. Thislovel is deemed r￿ssary to woykjg against Unplanng(l or LmwgdKtsbl8 d8din8s in irw)Th. Ensuring all liab￿lI1&S and obligalions con ba m81 s￿￿)ukI Ihe charity c8aS8 b) op8rate. . Providing suffluenl wtirking ca￿￿1 where expeThStwe is needed in •Jvance of income bglng reCe￿ad. . Supportir¥J new initiatives and in¥8stm8nt opp)rtunili8s. . Protecling the tharity against 8¥erts Suth a5 loswvJ key staff. b￿det￿Y strews and other rmanclal rfsks. Reserves ¥*ithin pdlcy in quarter one, hw¥er by the erttj of oJwter t4￿1 w8 had 8xce8d8d our maximum r8seNe and remained above Ihe upper FAnlt for Ihe remandor of the year. This was in part dLFe to the sale of our Soulhem TrainirwJ arvj in part dug lo Ihe very large lew lefttt) us by Cdonel Alan j￿reS OBE. As a result of this influx of fund5. we are ￿ in Ihe frytLmate positth￿ ol surplLk8 lunds abo￿ and beyond the level TWU￿e￿ undw our r￿￿0$ poky. Thè Board and Senior Leadershy Team are Thw)viThJ fonward with a prryram of wcffk Ihal allcw these funds to be invested ui lile wth ow charity's vtsion and in direcl supwt of our current stratagy. Thi5 investmanl will eftab￿ us to increase our impact whilo aLs0 WOr￿Trg ThK>ro offecti4￿ aThJ offiL> 10- CANINE PARTNERS FOR INDEPENDENCE TRUSTEES. REPORT ONCLUDING DIRECTORS. REPORT) ICONTIMUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Futur• Pl*n# Conllnulng th• itrat•gy Buildin9 on the progr688 made wi 2025. Carwnts Part￿$1& erterirwJ the next phase of its itiumey with confkience and ambllon. Whlle challe￿deS remaln as we o)ntinue lo and deliver serbryces to more ben8fiaarias. much of Ihls Is planngd as part of our five-year strategy lo 2030. Thts stral•gy fooJses on steaty. sustainable ￿o￿th The tharity is in a fortunats positb)n with x4id fin￿¢101 writy. Supwrted by investrnant lund$ ari$ng from a55et sales and generous l&aacies. These rosourc85 w￿1 enabl8 us to d8lrvar a signfficant programmo of work that enhances our strategy. allchvy us to do more at pace. and ensures are investing nol onty for the next fve y&ar8, but for the next 35 year8 01 the charity'8 I￿re. Th8 proca8ds from thg sale of Heyshott are a key I￿u$ 6y Trust￿8 and the Senp)r Leadetshlp Team. Plan5 aro being deveh)ped to en5we these fvnd5 are in the l)oSt way to secur8 ts charity's long-term fuluro. Evary decision wdl be mad8 with tha charitys best int8r8sts at haart. with our lontrtenn <￿ty of care lo partners romaining central. At the same time. vm ￿ excAt8d by Iha oppNknity to inv8st in n8w woi8cls that Inc¥ea8e our impact and buld on the progress of re¢*nt yeats. Thig wiveslmant Ylill be deli¥er6d thnMwJh a •Thllpy•8r translmtitin pmgr*nme lngside this. we wll continue lo invest in cornn￿nI￿S ty accelerating the growth ￿ communlty hubs. providing stsff and voluntOor5 ￿1h lh8 rgsourcos n8od8d to e$taLqish kxal trainirvJ spaces. stor39B arKJ fLndrai5irwJ Capabl￿Y. V•ill 8lrengthon lo(xl pres8nca. voluntawwvJ. awareness and ￿MMUnty funthaiwg. Sèrvl Canine Partners remains dear and fooJsed NrySion arKI Th￿iDn. training assistsnc8 dogs to help adutts ￿th physlcal dlsablliues. Whlle maintaining qualty and rw18t￿n of our existing seM¢e$, wg wll exFlore now deliv8ry mod&ls. indudkng owner41a￿￿ assIStsr￿e (kngs. This appmach has already bBen proven in limited cases and offers the kW•ntial lo redu￿ cost and ffjknar￿e on vohJntew5 whle maintaining 58rvice quality and increasing To d8lNar both the fiv8-year strategy and tho tr8nslormakn Pl￿an¥￿e. Il* Bwd of TnJste8s w￿1 (￿nIlnu6 to invesl in and suppcfft the m￿ag0m￿t aThJ le•Jershy team as grtyw In confidenc8 and capacty. The tharity will also ￿dertak¢ a brand r&launGh in gaty 2026. folbwrwJ a 35th annivetsary year. helping to *Jerni80 and position Canino Partners as an Mr￿vative na110n￿ ¢th5ablity charity. Looklng ahead. we are more confident than tr¥V that strw g)110bryati￿ acwss tho so(lor. INslgd partnerships 0)nlInu￿ teamwryk with w8 can ddrlor ambitkm plans ww remaining true to our wsion and valugs. Audltor In 8ccordanc• with thè compan￿$ articl85. a rosol￿n that Moc*è (ScArthl LLP bo wppovrtgd as auditor ol the corry8ny will be at a General Ma81iw. 11 CANINE PARTNERS FOR INDEPENDENCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn (CONTINUED) FOR ThIE YEAR ENDED 31 DECEA18ER 2025 Dl•do•uro of Intorn￿on to •u¢Mtor Each of the Trustees ha$ tsjnfirmed that there i% no Mffomkn of which they aré aware whith 1$ r91evant lo the audit. of which the auditor is unawafv. They have fi*ther confmed Ihat thty have taken ¥prowiate st8PS to Idonlrfy such relevonl nf(XMati￿ aThJ to eStsb￿Sh thal th9 a￿￿or Is awwg of suth inf0m￿lIc*n. The Trustees. report was apwovwj by the 8o#nl ofTntstees. Mr R J R 8rooke-Chair Trustse 20 May 2028 12- CANINE PARTNERS FOR INDEPENDENCE STATEMENT OF TRUSTEES. RESPONSIBILMES FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees. 4*10 arn dso the dir￿r$ of Canirn Pwfvrs for IrMlgp8ndonce for tho PLYPOS8 d u)nwny law, ara responsible for weparng Ihe Tnjstees. Re￿ and ￿ finanryal statements in acccydance wilh appllcablg and United Kingth)m Accounting stand￿ds (United Kingd￿ Gen8ralty Acrnpted Accountwig Practica). Company Iww requyes the Trustees to prgpare f￿a￿[al Slate￿nts ts eath financlal year whkh g￿9 a true and fair ¥i8w of the stats of affai￿ of the Charity and of the ￿￿orn1Th3 rnsowcas and appI￿liOn of r8sourc8s. Mduding th• InryJm8 eX￿¥Jit￿re. of the thaiitablo ¢xmpany for that yaw. In pTeparirvJ thase ffinarwial statements. Ihe Tnth arg fWY8d tr>". - select suitable accounting pcAicies and then ap￿Y them constsieth: - obs8Jv8 methods and prlnciples in thé Charities SORP: - make ludgements and eslmates that are ffjasonable and late whether 8ppli¢8blo UK A¢￿un￿9 Sl8ndJd5 hvve been folkywed, S￿le¢l to any matorfal dèparturès disdosed and explaingd in the fmwcial stalthments,. - prepar& Ihe flnanual s1aleTh￿nts on ts gJr¥J colum basis urle55 it inapprcsvlate to ple￿me thal Ch￿ty wdl continue in opera￿n. The Truslees arg responslble for keaplNJ adequate ac(xwnllw records Ihal dlsck)se wllh reasonable accuracy at any tKne th8 financial position of the Charity WKI ena1￿0 to gnsure that tho f￿anCIal slatèm•nts comply with th& Compani8s Act 2006. Ihe Charities and Trust•e In¥8strMnt IScolLand) Act 2005 orKI the Chariti88 A£counts (S¢otlarKI) Regulations 2006. TW are aso reSpOr￿tt￿e for safeguarding the assets of fv Ch￿ty and hence for laking rgasonabl8 stsp5 for ￿ {￿9¥9n￿n d8tsclI￿ of frwd and other irTggularitig5. 13- CANINE PARTNERS FOR INDEPENDENCE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF CANINE PARTNERS FOR INDEPENDENCE Ophilon Wè have authled financi￿ 8ts1anents of C￿1Th& Partners for Indopend8nc8 (th8 'ch￿￿) for the yaar ended 31 Decenknr 2025 *thich comprise the statsment of financial acOviti8& the balance sheeL the slatemenl of cash fflows and notes to thg fManc1￿ statomonts. inthding ￿gnffiCant aCco￿ting F¥)lici8s. The f￿￿cIal raporling fram8work that has be8n applied in the￿ prepara￿n is law Uniied Kin9dom Ar£￿ntir￿j Standards. induding Finanrial Re￿rt1ThJ Stsndard 102 Th8 Fmual RewtiNJ Standard 8ppkabh in lh& UK and Rèpubk of Ireland (Unitsd Kingdom G8neraItyAc￿pIed kn(MmtiThJ Prniknl In our QKMnitin. th8 ffinancial statements: glve a and fay vlew of the state of the charitable compa￿$ affalrn as at 31 0￿mbar 2025 and of tts IncomirYJ resources and applicati￿ of rgsources. K￿ydIng its inLY)mo and 8XP8nditure. for the year then have b88n pr(y￿ propwod in acx4jf￿ with United lfjrudNn Generalty A(xeptod Ac£owbting PractKe'. have been prepared in accord￿ce with the reqLirem8nis of the Coryanies Act 2006. th8 Charibes ond Trustge In¥ostinont (Scou￿d) kl 2005 wwj rWaliw 8 of ￿ ChaTibes Accowts {S¢oVand) Rogulatlons 2006. BMIS for ¢)plnlon Wve conducted our audit in acu)nlance 7Mth Intemaion* Sland*ts ￿ A￿l(l￿j {UK) {ISAs (UKI) arwj applrablg law. Our responsiblili8s ￿mIer those standanls fvrther descriled in the Auditoes rnsponsibiffties for the audit ol Iha financlal statements sedon of our repcwl. We are indetK•nd8nt of th& Charity in accordanf* wlth the ethical requirements that are re￿vant to our authl d the ffinancia statemgnts in the UK, In￿ding the FRC'S Ethic41 Standard. and we hav8 fulfilled our othw 8lhical r8sponsiti1it￿s in accordanc8 wilh thas& raquirem8nts. We believe that the audh eviderKo wa h8v8 oblained is wffi(i8nl provide a basis for ow opinion. ConcMwlon• rnl•dng to gokhg ¢(xh¢•rn In auditing Ihe financial statements. we have rxiThJud•J that th8 TNsl88s' use of Ihe 9(Mng Conc￿ basis of •c￿￿ting in thè PTeparalKJn ofthe fThn¢i* statements is awowiate. Based on th8 WO￿ we have performed, have identified any materid uncertainties relating to eve￿8 or eonditions thaL irKlividualty or collectlvely, may cast sigrlfwil the ChariV$ ab￿rtY to continue as a going rxincem for a peiiod of al least ts¥efve months from when lh& finan0* slatwnents are auilx)rised for Issue. Our reswnsl)Mltlos and the r85ponsibiit*s d the Tr￿188$ *ith resped to {￿?￿ we descrbed In Ihe fo￿vant sedons of thls rnp)rL Othr Infomiallon The other In1￿Mallon comprises the infomHtion i￿luded in the ￿nual report other Ihan tho financial statgments and our auditorfs report Ih8T8on. Tho Trustoes are responthle for the other infomat¥Jn c47ntain8d wthin tho annual report. Our opinion on the financial statements does not cx)ver the olher inforrnakn'on and. except to Ihe extent othe￿1$? expliciuy stated in r?￿rt. we th not exwess fomi of assurance ¢ondusion therecffl. O responsibility is to road the other ¥rforTh￿l1O￿ &¥ng so. cjmider whether the other inft>rmation ￿ mat8rially Ir￿￿81516nI 7Mth the financial statemonts or cwr kntr•A0￿o obtained in the e￿Irs? ofth8 audit, or otherwls8 appoars to be materialty misst*ed. If we identrfy s￿h material Inconslstencles or apparent material misststements. we are required to del¢miine whethor thTrs rise to a matsrial misslatgm8nt in tho financial statements th•mselves. If. based on the work we have porfrwmed, we wndud• that Ih8rn is a rnaterid misstatement of this other irrformation. we are requlred lo report that fact. We have nothing to rgpcyt in thi$ regard. 14- CANINE PARTNERS FOR INDEPENDENCE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERSAND TRUSTEES OF CANINE PARTNERS FOR INDEPENDENCE In ¢￿r oplth, based on the work undertaken in c¥xn8 of ow a￿lit. thè inf0m￿tIOn gN8n in the Trust8gs' rw for th8 finanual yoaT for which the finanryal slatsmants aro prepared, %thith include5 the dKectOTS' rfj￿rt propared for th• purrKJses of e(*np￿Y law. 1$ ¢*nsi$tont wllh th financial st*eff￿nIS and the directorn, report indLKled 7h*hin tho Tn*legs' feFth has b8en Fryar8d in acc1￿￿nCe apFdicable legal r8quiremeni8. MJtt•rn on Tmhkh w• arn rO￿r•d to Iwrt by •x¢•ptlon In Ihe knghl of thg knowledge and understanding of the Charity its enviror¥nent oblainad in the course of Iha audiL we have not idontified matwlal rymsststernents in the dre¢trrt rep)rt iK4ud•J wllhin Twstees, repJL Wé have nothiNJ to rep)rt in resp8Ct of Ihe matters in relation to whth the Compani8s Aca 2W6 and the char￿8$ Ac(x)unls IScoUarKII Reguktion$ requirn us to report to you rf. n our oplnion: adequate and proper accountirvJ rec￿[d$ hove been keFrt or rgtums a¢W for wr audit have rw)t b8en rgceived Irom branches Visited by Lts. or the finarKial $talem8nts are not in agreement r8wds and rgtums: or Cgrtain th$cbs￿o$ of trustees. rem￿eTati￿ spouw by law are not mgd8: or we have not receiv￿ al the inf(rntion and eX￿nal￿)￿S we ro¢wir8 ft￿OL* audlL' or the Trustees wér8 not entiU8d to prepare the f￿anCIal statements in aCcorda￿e with tho small comparA•s rggime and take advantage of the small c*)mparbg5' ex￿￿p11)n8 kn weparing tha Tru5te8s' rep)rt frryn the requiremont to prgpare a stra* rep(rt R0sponslbllltl•* of Tru•tso• As •xplainod more fulty in the ststemènt of Trusta8s' responsibilities. Ihe TrLtstoès. who we also the d1racto￿ of the Charity for the purpose ofrLJmpany law. ore resp(￿￿￿b￿ tha prgwation of the finan(ial $tstem8nts and for being satisfied that they sive a t￿ ar￿ for view. and Inlem81 rA)ntrol as the Trustees del8nnine k4 nèC8￿ry to enable the preparation of financial statem8nts that are free from material mlsstat•m8nL whother due to fraud or error. In rKeparing tho finandal ststoffents. tho Trustees are responsible for assesS￿g the Charity's abilty to rLJnlinue as a g￿ng conrAm. disclosThJ. as ap￿katIe. matters relaled to going concem and uslng th8 going cfjncem basis of accounlkng unless th8 TTU81ees oilh8r intend to Ilquldaie the tharttabl8 cy)mpary or to cease opwations. or have no realis1￿ altemabve butk) do $0. We have been oppoinled as *Jditor und8r 44(1Xc) of the ch￿tieS and Tntstse Inveslment (Scollandl Act 2005 and uNJ8r the Companies Act 2006 aryj report wl aco)rdarKo with thg Acts arbd rnlevant regulations mad8 ¢X having eff8cl therounder. Our obpctsves arn to thin r8asonatle assuranr? aLKxrt th• finwKial slatemonts as a wthole are Ireè from material mk%stalemgnt. thether duo to fra￿￿ or errcf. aNJ to issue an audtiofs report thal indL*Jes our opinion. Rea¥onabl8 assurance is a high level of assurance is rol a guardntse that an audit conduded in accordance with ISAS (UK) w#1 ahvays delect a mat8fial Thmsstslement *then it exists. Misstslemgnts can arise from fraud or error eonsidared materfal rf, indr4*luaNy or in the agwate. they ¢cMJld r0850nably b8 oxp8cted to infhjence the o￿nOMiC decisiDns d users laken cffl the b￿3 ol the$8 finanLyal statements. A furth•r de8criplpJn ol our reswnsi)ililiès for tr* aL*if( of th# fmandal 518tom•nts 15 loczted on Ihe Financial Reporting Counc4s WO￿18 at.. www.frc.ory.uklaudrt￿yaSF￿￿. Thi5 descript*)n foms part of our auditor's Irragularmes. induthng fraud. are instances of with laws and rogulalions. We design Frfocedures in liie wth our re3ponslbllibes, oulwied atrA)ve, to d¢t8d mateiial mlsstatemerts Fn respect of irrggularMios. induding fraud. The extenl lo which our prot8￿￿$ we capable rrfd8te¢ling irregularities, indudiig fraud, is detailed below. 15- CANINE PARTNERS FOR INDEPENDENCE INDEPENDENT AUDrroR'S REPORT (CONTINUED) TO THE MEMBERS AND TRUSTEES OF CANINE PARTNERS FOR INDEPENDENCE Explanatlon #• to *t••t •xt•nt th• audltwa* con•kknd ￿￿bI• ￿ ￿•¢On9 Irv•gularltl•$, In¢ludlThg fraud Thg objecliveg of our audit in respect ol fraLwJ. ￿.. to Klenlrfy and ass8SS the risks cl material misstatement of tha financid slalemenl$ dué to fraud., to oblain suffici8nl apwowate a￿111 evKJBncè regardin9 the assessed rlsks of material misstatement due to fraud. though desyjnirtg and implemènllNJ apwopriat8 responses to those assessed risks,. a￿1 to respond apwopriatety to in5tanc8s of fra(Kl or susp8cted fraud idontsfied duriNJ the audit. Haw8var. the prfmary respOn￿bI1￿Y for th8 prevonlion arnj dete￿1￿ of fraLKI rests wth both management and ltrv)se tharged with Our approach was as fd117WS: . The engagemenl partner $6lect8d stsff for the autht who had Pri￿ krbowledga of the clignt and whj had thè rnqured cnmpelonce and Ski￿ In the not kjr profft sectr* lo be ab￿ lo identify or r8oJgnise nonTr￿Mpli8r￿• with laws and wulaipJns. . We assossed the I￿k of irregularities as of ow audit ￿ar￿Ir￿J, rKILKling du8 to fraud. managem8nl override was identified as a signrficant fraud from our assessment. This is due to the abiltty lo bypass controls through inappropr*t8 expenditure and acubuntww policigs adoptod. . co￿￿￿￿ne$S of income was akn wjentiffied as a $ignffi￿nI to the a￿￿11. Thw)st siwmlcanlly legaGy income 85 there is a de9￿0 ofjudgenwnt as to should b6 induded. . Addit￿nal￿, some income re¢eNed is r0s1rrict￿ in ts use. A swJnificant risk was hlen1ir￿d ragardlng th• correcl dassilcation ol ino)m8 tsèts￿9n restric￿ arKI unr8stsicted funds and Ihat Ihg expenditure against th$ iicom8 was in line wy SP￿lf￿d reslrtl*)ns. . We obtsin8d an underst￿ing of thè bgal and regukty we(yrirnments apllicablè to th8 charitable company and we cons#ler8d Ihe m05t signth¢anl k> be the CcrfnpwiesA¢t 2006. the Chariknos Act 2011, the Charities Accomts (Scotland) Re￿latiOnS 2C#)6 las wrErthJ), th8 Ch￿tieS SORP. ar￿ th& UK flnancial reporting standards as issued by Financial Roporting CoLvKiI. We e4Jnsidered how Iha charitablg company ￿MPle$ those wequifemwts by (lis¢us￿ ￿ wonag8ment and those charged with govemance. . We enquirod of management t￿)$¢ tharpy govgmance as to any known instances of noTr compllance or Suspect￿ rK)n-Q)M￿ia[￿e *ith laws r8gulations. Considerati¢)n vrns also m&18 of the Intemal controls in place to the id8nlrf*d risks. . We assessed the conlrol onvironmert thrAJrnwting th8 systems. o)nlrol8 end woce5ses adopted. The audlt approac* incorporated a combinatwjn of controls wher8 approprialo. anatylical review and substsnlive procedures 1nv0fvl￿ tests of trwwctions and bala￿$. Any *regularit*s not8d ￿Te discussed with management anij a¢*Jiti￿al c4Jrrob¢xati¥e evKlgnc8 wa5 obtained as required. To address the risk of fraud through management overrilo wo: . Performed anatylical pmcodures to wjentify any unLtsual or unexpBded relallonstry: . Tested ioumal entries to id8ntify any unwl IrwW￿. Rw8w•d sensitfve nominal ledgèr codos," Reviewed Irartsactions with related parties., and . Assessed whether juthJem8nts and In determinky the acLyJuntiNJ estlmates Wern indiratNe of potential bias. In response to thg risk offfTewlwit*s regards lo the cobwbtenw of i￿orne we: . Agmd a sample of income rec8Ned from source dOcUn￿ntst10n into the a¢countin9 facLYds'. . Obtsined details of legacies thje to be recètrmd at th& year end frcrfn s￿r¢e th)cumontation and 8￿uM9 that none war6 omitted from the accounts and those indud8d were at the correcl value.. . Discuss•J wilh managwmnt Ihal th8rv was ttw wwe of that noeded lo be accounlod for and . Revi8w¢d bo¥d mlwtes for evxl8rKe Of￿ fvrtlw Incomo. In rospon8e to Ihe dasS￿lI)n be￿7 rnstritsj aTrJ unro8tri￿ **: . Agreed a Samp￿ of Incom8 r8ceivod from soun* dOoM￿￿tI)n aito •C¢c￿ting r8oxds to ￿SUre any restrictions lo the income were eorrncapy idanffi8d' Reviewed tho dients anatysis of ieslricted funds fLY Ob￿U￿ Th¥saIkJCatic￿ of income or exwNlitLrè.' . Confimed that expenses aThl pa￿DI1 ¢osts alo(*d a9￿81 restrthd funds mot the purpose for whith thè i1￿orne was given.. and . Tested a of axp8ndilur¢ to enswe iiw4s a*)catod aga¥isl thg fththng re¢*W. 16- CANINE PARTNERS FOR INDEPENDENCE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEM8ERSAND TRUSTEES OF CANINE PARTNERS FOR INDEPENDENCE Thern arn iiherent limitatknr￿ In our autht proc8￿195 aEThe. The more removed that laws and regulalk)ns are from financial transactions. the loss likely it is that we I*￿Uld becom8 awpAe of nonvcompliance. Auditing standards also limit the audit procedures required to identify non-compli￿¢6 with IM and rewlalions to enqury ofthg directty5 ￿ ¢)thw management and the inspedth ol rewlatory arKI18g￿ corresp￿en¢*. * any. Material misststemènts that arts8 duo to frnLNJ can be hwder lo dotoca ttHn ttw)$0 that arlsg fr(Nn gffor as they may invdve delibgrate or ts)Iluskm. U•• of ¢)ur r•port This report is madè solety to the charl1￿0 rjynp0n￿$ ffthibars. as a b￿. in accordanc8 VAth Chapter 3 of Part 16 of Ihg Companies Ad 2006. and to the charltstAe companys Iwsleos. as a L￿ly. in a￿ordanc¥ with R8gulalion 10 of th8 Chariti88 ACco￿ts (ScollarKi} Regulal#)ns 2W6. Ow a￿dIt has been undert&en $0 that we might stale to the charitable compan￿$ mombers trustees those maltors we are requirfyJ to stste to them in an auditor's report and for no other purposo. To the lullest extent permiti8d ty law. we do not accapt or assw r8sponsibility lo anyone other than the charitable c(#mpany. the charilatge company's m8mbeTS as a body and th8 charitabl8 mpanys twstees as a btrty, for￿ a￿￿1 thls the optryons we have forn￿d. An(tr•a Wulff IS•nlor StalutNyAudStor) For and on beh￿1 ol M¢y)re {Soulh> LLP, SlatutoryAu(Mor Charteied Acccwnlants Cty Gates 2- 4 Sotrthgate chi￿￿ter West Sus8aX P019 8DJ Datè.. 17- CANINE PARTNERS FOR INDEPENDENCE STATEMENT OF FINANCIAL ACTIVITIES INCLUD114G INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEAIBER 2025 Tot•1 Unmtrlct•d R•Btrlct•d fund• 2024 Total nds fvnd* 2025 2025 2025 2024 1024 Incom• from: Donation5 and lega￿$ Olhertradmig adlviti8S Invastrnanls 4.970.224 4.813 105.582 285.658 5.255.882 4.813 105.582 3.498,169 4.339 71,450 383,388 3.881,557 4.339 71,450 Total In¢om• 5.CQO,619 285.658 5.366,277 3.573.958 383,388 3,957,346 Exp•ndlluw• on: Raising funds Charitable activities Other exwthture 1.355.512 2.286.492 34.861 1.390,173 379.737 2.666.229 62.950 62.950 1,096,948 2.050.569 22,031 1,118.979 554.254 2.604.823 Tot•1 •xp•ndltur• 3,642.rA14 477.348 4.119,352 3.147.517 576.285 3.723.802 N•t InwKnellexp•ndltw•) and fflov•m•nt In funds 1.438.615 (191.￿) 1.246.925 426.441 (192.897) 233.544 Reconclllation of fund•: Fund balancgs at 1 January 2025 5.763,296 2,838,9)1 8.602,197 5,336.855 3,031,798 8,368.653 Fund bal•nu8 at 31 Decembor 2025 7201.911 2.647211 9.849,122 5,763,296 2.838.901 8.602.197 The stalement of ffinandal acllvlles IndLths a19ains and k)ss8s •) thB yew. PJI inLXTh arKI 8xp8ndilur8 derive from c￿linu1￿3 aclNities. The notes on pages 21 to 35 form wt of Ihese fmancial stalw￿¢$. 18- CANINE PARTNERS FOR INDEPENDENCE BALANCE SHEET ASAT31 DECEMBER 2025 2024 Flx•d a•s•l* Tangibl8 assats 15 3.927.474 5.494.092 Cvrfvnt aM•ts Stocks Debtors Cash at ts￿k and harKI 16 17 7,378 618,745 2,929,997 2.301.940 3.927299 6.229239 3.556.120 ¢r•dllor•: •mounts lalllng due wlthkn on• ￿•r 1307.591) (364,682) Net ¢ufrent as•ets 5.921.648 3.191.438 Total asmts l•M curr•nt l￿bIlItIeS 9.849,122 8.685.530 Cr•dltor•: amounts falmng du• •ft•r mor• than on• y••r 183.3331 9.849,122 8.602,197 Th• funth ofth• Chavty R8strlct8d Income fund Unrnslrictgd funds 2.647.211 7.201.911 2.838,901 5.763,296 9,849,122 8.602,197 The notes on pages 21 to 35 forni part oflhese Statem￿ts. The ffinandal slatements were app￿ed by ￿ Tr￿1¢8$ (ffl 20 May2026 qbawLa ' Mr R J R Brooke- Chay Trust•• Mr N J S>•￿haM Bsc (Econ - Vlce Chair Conyny rtyistralion Nmb8r 02516146 (El￿ aThY Walgs) 19- CANINE PARTNERS FOR INDEPENDENCE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEAIBER 2025 2025 2024 Cash (absorbed byyg•neratsd from operations (271.0941 433.384 Inv•sttng 8¢tlvltl•s PuTthase of tangiblo fixed assets Proceods frDm disposal of tsryble f￿ld as$8ts Investm&nt ir￿orne rec￿ (38.777) (76.144) 1.410,CrfXI 105.582 71.450 N•t cash g•n•ratad froml{us•d In} In¥e¥tlng aGtlvftl•s 1,476,805 (4.694) Anan¢lng a¢tlvltl•s Proceed8 from new bank I¢￿7$ Repayment of barth loarks 25,076 (100,LKIO} (208,4091 N•t cash US￿ In Ilnanckng •ctMtI 1208.409) (74.924) N•t Incv•u• In and cuh •quhal•nts 997,302 353,766 Cash cash equivalents at bg?nniry of y 2.929.997 2.576,231 Cash •nd ¢a¥h •qulv•lon¢s at ond of year 3.927,299 2.929.997 The rb)t&s ￿ pages 21 to 35 fomi part of these sI*m￿t$. CANINE PARTNERS FOR INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Aeo)untlng pollcl Ch•rfty Inform•tlon CanSng Pathors for Indeper¥Jenca a wivato Iwnited by g￿rants8 In¢>xKK)rated in Eryland and Wale$. Thfj registered oflke Is WlarKJs TMMVJ Contre. Ashby Road. Osgathory)e. Loughboroug Leiceslershre. LE12 9SR. 1.1 Ac¢ountlng ¢onvonllon The finanoaal stalefflents havè bèen prgpwed in wSlh Ihe Chall￿$ Articl8s of Association, the Companies Act 2006. the Charities and TTl￿ Invgstmgnt (Sc¢Vand) Aci 2005. the Charities Accounts (Scotland) Regulalp)ns 2(1)6 (as amerKlod). FRS 102"Th8 Financial R8POrtlng Standard applicablg in the UK and Republic of Irelan(r I'FRS 102.) aThJ the Charibes SORP 'AccounlirvJ and Reporting by Charitigs.. Statement of Recommen￿ Pradce app11xb￿ to charl￿S prwng thair acc(￿nts li aCCOTdanco with tho Financial Rgporting Slandard applicable n Ihe UK WKI RepulAic of IrelaThJ {FRS 102)" l8ff8th8 1 January 2019). Th8 Charity is a Public B•n•frt Entity ￿ def￿￿1 by FRS 102. Tho filw￿￿al stal•menls we weparnd in stsrfiNJ. Is thè ￿rIency of the Chaiity. Mon8tary amounls in Ihes8 fmanci81 staiernnts we to the Thèar881 £1. The financial $tatoff*nts have been weparnd ufvjtr the historital cost ccfftv0n￿n with èxceplion of th Charity's training centres within Fre8W Buikiiffjs. The Midlands Training Cgntre is induded ￿th1Th the r￿ancial statsments on a knIu8 in use. basis. The SouihBm TTrinbng Centre. which was closed In 2023 and disposed ofthring 2025. was irbdud8d prw yearfs lirw*Aal statsments using the fair value model. 1.2 Golng ¢on¢•rn At the time of approving the financial slat8rn8nts. thg TnJst8gs have a r8a8c￿ab1O expèctation Ihot ￿ Charfty has adequate resouTce5 to continue in Operab￿01 existenc• for the foreseeable future. Thu5 ts Tnjslees conlinue lo adc4)t the goi￿ concem basis ofaccountry in prgparing lh& financial stalem8nts. 1.3 Charltabl• tund• Unresthcted funds are avaikwe al the dlscrth of the TDJst￿S in furtherar￿ of th8ir charllable obiectiva8. Deslwated fvnds o)mwis8 lun¢15 havo b88n $8t aside 81 lh8 tJiscr8lk)n of the Tnjstses for spppfi purposes. purpos8s aNJ US￿ desiwai&l fwKts are set out in ts notes to the finanaal staknienl R8slricted funds are S￿lect to S￿Cl￿¢ o)nditions dc￿0￿ or grant0￿ as to how they may bo used. The pu￿¢)$¢8 and uses ol the reslrithd fU￿J$ aro set In thè ftotes to tho financaal slatwnents. 1A Incom• AW Incoming resources are induded ￿ the sL*eM￿l of fywnrial actr4ities ￿en Ihe Charity is entiued to the income after any perfiymance condiliorts have been met. the a￿Unt can be measured ￿l￿7b￿ and it is probable tho1 ts irKonw be rec*r4•J. The spacific FKli(yes we appll8d to pthilw catews of For donations to bè rwnisgd Charfty WAI have I￿n notified of Ihe amourt5 and the setU•ment date in writsng. If there are ¢onditson5 atrach8d to th8 donation and this rnquires a I￿1 of perfOrm￿Ce before entiuernenl can b8 obtan8d. tho Ir￿rn is deferred untl those (x)rMJtlons are fuly met ￿ the fuifilmonl tlbxe condfffjns Is withii the contrd of the Charity and il is that Ihey will be frJffill8d. .21 CANINE PARTNERS FOR INDEPENDENCE NOTES TO THE FINANCIAL STATEMEKrs (cownNUED) FOR THE YEAR ENDED 31 DECEMBER 2025 A¢¢ountlng polkh• (Contlnu•d For *aci8s, entitlement 15 tak8n as th8 èarfier ol th8 dato on vthith either ts charfty Is aware that probato has been gr￿ted. the eststs has boen ffindised and notification has ba8n made by tho execulor(s) to the thanty that a di8trIbUti￿ wll be mad8. or when a distritwtknn ts ￿e1ved from Ihe estats. Rocelpt of a legacy. in whole or in parL is only considered wobabl8 th8 arrK)unt c•i bo m8asured relably and the charity has begn notilgd of the exe¢uknr'8 lrt8ntic￿ to make a d1slrib￿K)n. Where loga￿ havo b8en nothfiod lo the allty or the charity is awar8 of wting of pr￿816. and thg ￿lOria for In￿rne recognsiion have been met. Ihe W is a trealgy as a contingent asset and disdosed rf matsial. Dono18d f8cIIU88 aNJ donated wof8ssl￿ w• r8cogni8ed as income * thoir tsir valu8 when th8ir economic benefrt is prrt*able, it can be measwed Idiably and th8 Charity h85 corthl ovor the itom. Fair Yalu8 65 d•t8rn1ined on Ihe ba&s of the vakne of ts grft to tt19 Charity. For exanyle. the amount the Charity woukl ￿ *iUing to pay in the open market for 5uth faclibes and seNKes. A corresporKling amount is recognised kn gXF*ndituro. No amount Is ir*hJd&J ￿ Ihe financial statem￿ts for I￿nI80r IHn8 N) fffto ￿th tr* SORP (FRS 1021. FUrty￿r detal is glva) In the Tnths'knnua RaporL Where practic*)le, grfts kn kind donated lor distributi￿ to boner￿larIo5 of the Charity are induded in stock aThJ donations In the financial 51atsm8nts upon rec8V. K il is wnpradGqble to assess Ihg fair valuo al receipt or rf tho costs lo undartake such a ¥dua￿n tsjlwwgh any ￿￿frts. then the fair value is reo)gnised as a component of donations when li is distributed and an equpRknt r80)grMsed a8 ctharitable expenditure. Gllts in kind are recL*JnI￿I at Ihe tM)int of at thè of recOmm￿ded retsil pri¢x or not realisable value. Flxed assel sifts ￿ kirKI are T8CCWiSed aThJ we ind￿led * fwr ¥*ue. They are not deférrèd over Iha life ol the asset. Incomè from Ira(kng actiwknes indth Income eamed from furMfraisK¥J •wJnts and trading actiVrt￿ to ralse funds for the Charity. 1￿me 1$ ffjc4ived in exchange for supptying go¢Ats and serv￿& in order lo raiso funds arKi is recognised wh8n enlitb8rnant has oc￿ed. Interast income Is rwised ￿tr￿j ts effgctl¥e h)lefest method. 1.5 Éxp•ndltur• Al oxpenditurè is &uunled lor on an ax¥uals basis and has beon classfvd under headings that aggrggate all costs related io th8 catggory. Expenditwe is recowisthj where there is a legal or cor￿trUC11ve oblwJation to make payments lo third paths. it is pmbable that the settleTh￿rIt wil b8 rawiréd and the amount of t obligation can be measfftd ￿lthy. It is caleg0￿ ur#Jer fDlry*ir¥J h8adirys: . Costs ol raisirwj funds In￿￿e3 the ol furwJrwsiTrJ events: . Expen)s( Ihg effecth* Interttt rate methoxj. Trae ctsjitors are obhgatws lo pay lor g(K•Js or that hav8 b88n acquired in tho 0￿Inary course of operalKJns from supplie￿. Amounts payablè ar• dassfvd 8$ ¢LrnI l￿bIlItIeS rf payment ￿ due wlthin one year or less. 11 not, thay are ptesenteoj as Th)r￿n1 llablll￿e$. Trnde creditOTS are roixunisad initially ai transactl)n prKo and subsèquénuy mea$wed at ￿¥14S8d cost UStrKJ the effectNe interest method. Financial liabilitias ar• dwocr)3nisod when the contractua oblWtwJns exw or wo dtSL*ar98d or c#ncdlgd. 1.10 Employ•• b•n•llts The cost cl any unlts￿l ￿￿KIaY 15 rnU)3nised Ni thè pernd in ￿ffibch th& •mploy8e'8 88ry￿S we received. Terniinatim benefrts 8re rwised IMm￿l*lety as w expgnse vAwi the Chty ￿ d8monstrabty committod to teminale the emthmènt ofan emp4oye8 or to W0￿de terminlK)n berth. Tho Charity h•s wrwqed a d8fin8d contrbulth PthtsK)n al elglble eThployees. Tho assots of Ihis scheme are held separatety from of the Charity. Pens*)n Costs tharg•d in tho Statembnt of FwiarKial tiVit￿5 ropres8nt the ¢¢￿tribUt￿LS p8yatAe by the Charity in the year. ¢rftIG•l K¢O￿l￿g o•llmat•• and Judym￿ts In the appllcalk)n (A the Chari￿$ accx>unlNy prlici8s. th8 Tntste85 aro r8qu*ed to makè judggmwts, oslwnate$ assumptrJns about the amount of assets and lia￿1118$ that are not rèadily apparènt from olh8r sources. Th8 estimates and assochited assumptKin5 arg Iwod on historical expernnce other f*tc*s that are conwdere(I to be Ide￿71. Aclud resdts may thffer from these eslim8te$. The 881wnat85 and unde￿y￿￿ a$$Lrykn* are on an basis. Rev￿1¢￿ to aceountlng eslmnatss ¥e recogniwj in thg perb)d in vh)ic* the estwnale is revised where the revision affects only that period, or in the perK*J of the T8visOon and tuture por￿$ the wsion affects toth current and fvlure K•y •ourcM of Mtlmatlon unc•rtalnty Tho eslimates and a88umpb.ons whKh ha*1 a risk of material a￿ustrneTrt to tha carryirwj amount of assels aThJ liablities are as lolovts. Valua￿on ¢1 land Ind bulldk The Midlands Training Centre is induded In the finan¢aal ststements (m a *alug Thi uso" b88i8. Thb Trustees are of the opinw)n that Ihe tralnlng L>ntre's ¥due in use is b8st refi8cted by ils cortstructh)n costs depwialed over its estimatad us8ftI lifg. This is r8lher than the amount that Ihe training contre could be sold for on an open market basis. whith does r￿t refiecl the spedali8t nabJrÈ of the ccfflstructiDn of tho ès8et or its sèrviee potenlial to thè thaiity. CANINE PARTNERS FOR INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Inwxn• frorn donatlons and1•gad•s Totsl funds 2025 lun fwbdfj 2024 fwbds 2024 2024 Donations and glfts Legacies 1.816.884 3.153.340 285.658 2.102.542 3.153.340 1.595,857 1.902.312 381388 1.979.245 1.902,312 4.970.224 285.658 5.255.882 3.498.169 383,388 3,881,557 Incom• from oth•r tradlng aclmtlos lknv•¥trlct•d Unr••trfct•d funds fun 2025 2024 Sale olgoods 4.813 4,339 UnT•¥trlct•d Unrn*trlctod fund$ fvnds 2025 2024 Irrteresl receNa 105.582 71.450 CANINE PARTNERS FOR INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 R•hlng fun Tolal Vnv••trkl•d RoBtrl¢t•d fund• funds g•n•ral 2024 Total nth g•norn1 2025 fvnd• 2025 2024 2024 Workforce ojsts Transport Office and site la¢lilt•s Equipment repaiT& maintenance and li Fundraising marketing Communications Supwrt cosls 26,157 831.254 17.352 21.108 561.432 15282 13.425 561,432 15.282 13,523 17.284 21.108 9.272 9.922 7.531 7.531 102.882 65.140 320.949 103.661 70.180 322.916 83.436 20.941 322.677 I,IK89 I8.￿5 1,959 84.505 39.846 324.636 1.967 Fundralsing and 1.341.732 34.661 1.376.393 1,024.724 22.031 1.046,755 Tradi Cost of sale of gcods 13.780 13.780 72224 72.224 1.355.512 34.661 1.390,173 I.0￿,948 22.031 1.118.979 CANINE PARTNERS FOR INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Exp•ndllur• on ¢h•rltabl• adlvlll•• Charknbl• 4¢tfvitl•s 2025 Charflablo cll¥ltl•s 2024 Dlrn¢t ¢o$ts Workforce costs Dopreryation Wnpalrn￿nt Tfansport Office ar¥J Site faalit*s Equlpff*nl rgpalTS. mainterkirv hiro Operations Fundraislng and mwketiThJ CoMmunkati￿S 1,254,415 92,490 91.616 15,098 95 384.243 1.889 2.131 1,158.645 219,125 67.953 16,550 270 330.303 918 3.200 1.841,977 1,796,964 Sharn of swpwt and gov•manc• co•ts (H• not• 81 Support 807.501 16.751 794.798 13,061 2.666.229 2.604,823 Analy•ls byfund Unrestdcted fvnds Restricted funds 2,286,492 379.737 2.050,569 554.254 2.666.229 2.604,823 CANINE PARTNERS FOR INDEPENDENCE NOTES TO THE FINANCIAL STATEIAENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Support costs alocat•d to acthiltl•s 2024 Worklorce costs D¢prerAation Transport Office and sit8 fauliti•s Equipment r8paYs. maintonan(x hire FurKlraising and marketing CommunIca￿on$ Finance and governarKX costs Othw support eAJsts 685,872 39,955 53,318 158.712 125.576 7.496 694.425 19,997 85.404 165,777 117.075 3.246 75,854 45.948 359 1,147.168 1,132,495 Analysad b•twMn: Fundraising Charitable actNities 322.916 824,252 324.636 807.859 1.147.168 1,132.495 Oth•r expen(knire funds 2024 2025 Not loss on disr*￿ of tangibl8 Ax•J assots 111 N•t mov•mènt kn fvnds 2025 2024 The n81 in funds is slated after charwW(uedilrvJ).' Feas payable forthe auot of th8 thw[￿8 financial 8tal8ments Dopraaation of own8d tan￿bI9 fix8d assets Impa¥ment of ovm8d tanL¥bl8 fix8d assets Loss on disposal ol langible fixed assets 8.100 132,445 7,700 148.659 90,463 62.%0 None of the Tru8lee8 {or ary pemns them) any Tgmun8rat*)n or from the Charity dLwlng yw. D￿n9 the year Trustèes {2024: SD( Trus109) was for out of pocket eXP8ns•s totdlirthj £508 {2024.. £2.419). Cost of TNstee Indemrdty In$L￿ce bom ty the Ch&ity *￿h1N the yw was £1.27212024: £1.417). CANINE PARTNERS FOR INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 12 Employ• The average ￿r￿NY nLNrd)er of yegr 202S Numb•r 2024 Numb Charital￿e actsvii Generating funds Sw)port and 9)veMa￿* 63 18 14 42 14 16 Total 95 72 Employmert ¢osts 2025 2024 Wages and Soclal securfty costs Other pension costs 2,077,665 239.002 203.056 1,917,379 178,797 187.154 2.519.723 2.283,330 RedundanGy and termlnalion paynwnts t(thg £ra {2024: £9.OfXJ) in tha reporting period in relalp)n to O12024- 11 member of staff. The numbèr of WT)ploye8s vra5 MO￿ Ihan £60.1NJ) is as folbws: 202S Numb•r 2024 Numb•r £80,￿o- £70.000 £70,000- £80.000 £80,000- £9).C In 2025 and 2024 al emthees earrury more than £eAs.rth pwliyt8d in tho p8nsion schanx and the Charity made perffjlon (x#)lrityjt￿ toWIINJ £32.￿ (2024: £33,667) M behaWofth6sè énww5. 13 T•xatlon The tharlty Is exempt from on Ils xtivii*s because ￿ its incA)me 18 a￿led for thoritablg wrposgs. CANINE PARTNERS FOR INDEPENDENCE NOTES TO THE FINANCIAL STATEIAENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 14 Imp•lrnMnts lrnpaThent tests b￿Tr cwmd out *tJorn asyq)rialo and tha ft4baing ￿1￿lent Iossgs have boen recognised in profrt ￿ loss.. 2025 2024 In rospecl of.. Propèty. plant and equi[￿OnI 90,463 Thè impaimi•nl in thè prior ye* related to lh8 S￿M Trainww Centre thatwas disposèd of thjrro 202& 15 Tanglbl• Ilx•d ass•ts Moior EWpm•nl v•hld Totsl Co•t or valu•tlon At 1 Jar￿ry 2025 Additb)ns Disposals 7.411.835 41.754 6.719 (4,7281 83.619 111102 7.649.310 32.058 38.777 174.169) (2,784.568) (2.685.671) At 31 Oecembor 2025 4.726.164 43.745 83.619 69,991 4,923,519 D•proclallon and Inwlmwnt At 1 January 2025 Depredalon charged in the year Eliminated ¥1 respecl of dlsposas 1,968.423 108.436 (1.212.721) 23.915 7.988 (4.728} 55,529 12.309 107.351 2.155.218 3.710 132,445 (74.169) 11.291.618) At 31 Decenknr 2025 864.140 27.175 67.838 36,892 996,045 Cwrylng amount At 31 Decen*er 2025 3.862.024 16.570 15.781 33.099 3.927.474 At 31 DeCe￿￿r 2024 5.443.412 17.839 28,0￿) 4.751 5,494.092 Tangiblo assets 7Mih a net book value of £3.862.024 {3J24: £3,970.462} have begn IAedg8d as secjjrity for liabilities of the Chadty. These assets have re5tri(aed tiue. The National Trainlng C8ntre at L0￿hbwh i8 irrthjded in the financial statements on a ￿alue in use" ba858. The Tnjstees are of the Opini(￿ th* the train1￿ c4nlr8s' valug in use 1$ best rnfi8ctsd by its construcuon cosls depreciated over its estimaknj usefiA fves. Thi5 is rather than the arn￿nt that the Ir8inin9 centre could be sc4d for in the rnarkeL wtMc* d(￿ r¥Jt To118ct th8 specialist na￿T@ of the cg)nstrucknon of this assets or its sep41co rthtial to thè charity. CANINE PARTNERS FOR INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 16 Stock• 2025 2024 Do3 food. medione ewlwnenl 7.378 17 D•btorn 2025 2024 Amounts fallng du• wlthln on• yaar. other debtors Prepayments 2258,843 43.097 558.358 60.387 2.301,940 618.745 18 Cv•dltorn.' amounts falltn9 du• on• y•r 2025 2024 88nk loans Othgr taxati￿ and XKial secL Trade credi Other credltors Accrual¥ and deferred ino 125,076 42,117 125,184 47.131 115,934 6.819 137.707 72,305 307.591 364.882 19 Cr•dltorn: *mounl• f4111ng du• •ft•r th•n on• yw 2025 2024 Bank lo￿5 83,333 20 Loans and ov•thfts 2025 2024 Bank loans 208.409 Payabl8 within one year Payabb after one year 125,076 83.333 Bar* loans consisted of a CBILS {CoffjnavwA 8usln8ss lntemipti￿) Loan Scheme) loan and o loan With CFP Lottory and Raffles Llnlted (Lottery). Tho CBILS knan was on a fixed interest rale at 2.41% and was f8payablg by Month￿ instswnents payable up lo 2026. Thè LcAtery knan wa$ repayable on a monlhly bass 7hith pèrcentage being applied to the weekty kjttw r8capts. Tho total knan amounts ww8 ropaid *ithin 2025. -31 CANINE PARTNERS FOR INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 21 R￿lf0m¢￿t bonofit s¢hwn Tha Ch8rity op8ral8s a dofin•d contslyJlty)n wion Sd￿rn. Th8 ass8t5 of ￿ sth•m8 arn hdd syratety from th050 of the Charity in an independently admMii8tertid furbj. Thè pen￿n cost charge reprgsents n(r￿U￿On8 payablg by the Ghwity to th& fuThJ. The charge to pffjfft or I￿ in resp￿￿ ol dgfined ec¥thbution schemts was Q03.056 {2024: £187,154). At the balance sh8et dat8, 0)ntrilMrtKTh of£18,836 (2024: £15.936) outstanding arKI are Induded with editors. 22 Rèstrlct•d lun Th8 reslricted funds of the dbarity ¢))Mp￿ th8 bala￿85 ol th)naknns arKI grants hokl on tnjst subjèct to SPèCTfic eMdi￿n$ by donots as to ttw may be used. At 1 Janu•ry Incoffllng R••I￿re•S Tran•fws 2025 p•ndod At31 00￿M￿r 2025 Operatlonal Costs & Equlpmenl Btmlding Fund.. Southem 8LMlding FurKI.. Midlarwjs Vehlcle Fund I12.￿) 898. 1.619.523 8.184 285,658 (369.421) 162.950) 140,582) {4.395) 729,611 1836.014) 108,336 {1,933) 758,078 1.887,277 2,838,￿1 285,658 (477.348) 2,647,211 PrnVIo￿ y•ar. At l J•nu¥ry In¢omkng R•sourc•* Trnnsl•rn A131 Doumb•r 2024 Operallonal Costs & Equipment BuildiNJ Fund: Scmthhem Bulld1￿ Fund.. Mkilands VehiGle Fund 81.￿7 1,026,014 1,910,118 14.059 {352.765) 1127,050) I￿.595> (5.875) 112.230 898,964 1.819,523 8.184 3.031.798 (576.285) 2,838.901 Oparation81 Costs & Eq￿￿￿nt rektas ki dOnati￿S given lo cover running costs of dofNwd opgrath)nal araas or the wJrcha5ing of speufic equipmenL indudir¥J motor vehides. Operational costs regarding the specified operational areas are thargod lo the fur¥J as exF¢nded. Restrithd donation$ relating to wrchasirwJ cl sp8¢ified equiJm8nl or motor Yeh**s are transfarrad lo goneral unre5trKt8d fiThJs whare. in tha opinion of Trustees. the r6s1rict*Jns on the donations are met by thè pwth•so of th8 ass8t8, aThJ Twhen these assetg are held for genefal and rtistri￿ p￿pOSe5. CANINE PARTNERS FOR INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 23 Unr•slrktsd fvnd• Th8 urnstri¢t8d lunds ofthe charfjty comfv th8 unwwthj b*rths of donations and grdnts wtrich ara t subje¢t to specific corwjrtl(￿ by thTh)rs as k) h¢￿ they may b& used. Al 1 In￿mIng Ruour¢ At31 2025 rn¥ouwr•¥ •xp•nd•d D•umber 2025 General funds 5.763.296 5.080.619 13,642,004) 7.201.911 Pv•vlous y•ar. At 1 J•nuAry InG¢ynlng R•sourcgs At31 2024 •xp•nd•d Docombw 2024 Goneral fvnds 5,336.855 3.sn.958 (3.147,517) 5,763,296 24 An*lyJl• of n•t a•¥•ts b•tw••n fvnds Total funds 2025 fundi 2025 2025 Al 31 D•wnb•r 2025: Tanglble assets Current assetsl{liatAIlUes} 2,034.869 5,167.042 1.892,605 754.606 3.927.474 5,921,648 7.201.911 2,647,211 9.649,122 UnTr•trict•d R•strfct•d lund• fund 2024 2024 Total 2024 At 31 December 20X. Tangit4e o$s8ts Current assetsllliatylities) g term liabil￿8$ 2.767.421 3.079.208 (83,333) 2.726.671 1122 5.494.092 3,191.438 183,333) 5.763.296 2,838,901 8,602,197 CANINE PARTNERS FOR INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 25 Op•ratlng l•as• commltrn•nts L•1• Al the ropNting end date the Charity had outskn* cA)mmilments fu￿re minirTNJm lease paymants undar nonwe4ncellatrAè opwaling ￿$•$. fal as folkyws: 2025 2024 WthSn one year Betsveen Ivn) arKI fve years 15.637 5.212 17.225 20,850 20,849 38,075 Operating18ase paYn￿S rec￿l￿Sed as an expTh wilhin th8 year £23.087 {2024.. £9).5121. 21 R•l•tsd party tranuctk￿s R•munerallon of key manag•monl ￿rnonn The rernunera￿n of key managgmont porson￿l TKaS as lolkM3: 2025 2024 Aggr8gata comp8nsaknn 328.886 370.328 Tho key managgmgnt pfrwnr*l of the Chwity ￿ Ihe Swr Man•Jgmgnt Toam. as dgtadod on thg Legal and Administrative 1nlorma1K￿ page. 27 Legal $tatu• of th• Charlty Th6 Ch*19 a company YMite(I ￿Mran￿6 has no shwe ca￿14. The Ilabllity of eath member in the 8vent of WiTwJing up is limited b) £10. CANINE PARTNERS FOR INDEPENDENCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 28 C•8h l•bs¢thd byyg•nerntsd from ap•r*th)M 2025 2024 Sur￿8 for the y￿r 1.246,92S 233.544 Adfvstmonts for. Investment incomè recogrmsed in statsment of fHwrK¥al xbvl Loss on disposal of lang*¥le fixed assets Depreciation and impainnent of tongitAe r￿fjd assets (105,5821 62.950 132.445 {71.450) 239.122 Movemants In Tmorklng upltsl: Dxr8asel(increase) in stocks {Incr8as8) in d8btors Increas8 in credito 7.378 {1.683.1951 67,985 (2.982) 121.946) 57.096 Calh (ab•orb•d byVg•n•rat•d from 0￿rat1￿* (271.0941 433.384 29 An￿8￿ of ch•ngM In n•t fund¥ Al 1 Jan￿ry 2025 C••h 114yo At 31 D•¢•mb•r 2025 Cash at bank arxl In hand 2.929.997 997.302 3,927,299 Loans faling duo within ong year Loans falllng due after more than one year (125.076) {83.333) 12S.076 83.333 2.721.588 1,205.711 3.927.299