TRUSTEES REPORT

Supporting our partners

For the year ended 30 September 2025

The CareTech Foundation continues to practice principles of openness and transparency in all our engagements
with partners. We believe that a conversational and collaborative approach is the key to successful programme
delivery.

We continue to see growth across the sector and our grant streams are generating higher than ever interest. Our
commitment remains to evolve our practices based on feedback from those interacting with our grants.

Our commitment to Diversity Equity and Inclusion

In line with the Foundation’s commitment to promoting Diversity, Equity and Inclusion across all aspects of its work, the Foundation:

  • recognises that people from different backgrounds bring fresh ideas and a different approach which makes the way we work and learn more fun, more creative, more efficient and more innovative, bringing benefits to the organisation.

  • actively seeks to recognise, value and take account of individuals’ different backgrounds, knowledge, skills and experience to create a more productive and effective organisation.

  • seeks to ensure that all who work for and deal with us feel valued and welcome.

  • strives to ensure that everyone has access to the same opportunities in their dealings with the Foundation but recognises that advantages and barriers exist for different individuals. The Foundation recognises that individuals have unequal starting places and that we must make efforts to correct and address such imbalance.

We continue to work on ensuring that our use of imagery fully reflects the demographics of all of our audiences.

Our Fundraising and investment performance

Trustees remain grateful to the Board and shareholders of CareTech Limited for the company’s generous contributions to the Foundation, which accounts for the majority of its funds. Whilst the company has confirmed its ongoing support of the Foundation through its Donation Agreement, trustees recognize the importance of
diversifying its income stream and investing wisely for the long-term financial future of the Foundation’s work.

Following CareTech Holding’s acquisition by Amalfi Topco Limited, the Foundation received £5,727,091 in cash and £1,772,909 in Amalfi Topco Ltd shares at the start of FY22/23. In actioning the investment strategy, trustees invested £1,700,000 with Ruffer LLP in FY22/23, £200,000 was taken out in March 2024 to fund operational cashflow, but the portfolio has yet to meet expectations at a balance of £1,475,716. The ‘Sale and Lease Back’ property investment in White Cliffs Lodge was purchased at a cost of £3.66M and continues to benefit from the
rental income this generates. At the end of the reporting period, the valuation was assessed internally using publicly available indicies, indicating the property had maintained its value. The Foundation’s position in the Amalfi TopCo rollover shares is currently at a balance of £1,882,166, recognised at cost.