WOIiLD OBESITY FEDERATION (A Compatty limlted by 8uaralltee) REPORT AND FINANCIAL STATEMENrs FOR TH8 YEAR ENDED 31 DECEMBER 2021 CotnpanyNo: 03802T26 Chllrity No: 1076981
Legal and administrative infom)ation Truste¢s' report 2-13 Independent auditors, report l4-17 Statement of Financial Activities 18 Balanee sheet 19 Cash Flow Statement 20 Notes forniing part of the financial statements 21-28
WORLD OBESITYFEDERATION LEGAL AND ADMtNISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2021 Trustees Proftssor Louise Baur (President ElectF appointed 7 July 2020 Professor Dor& Ryan (Past Pr¢5id¢nt)- appointed 3 May 2016 Professor Caroline Apovian- ('freasurer) appointed 7 July 2020 Professor Karine Cletnent- appointed 3 May 2016 Professor Te¥ry Huang- temi ended l December 2021 Professor Alafja Samuels- appointed 6 November 2019 Professor Brian Oldfield- appointed 23 May 2018 Professor Joseph Proietto- appointed 3 May 2016 Professor Nathalie Farpour-Larnbert- t¢rm ¢nded l July 2021 Professor David York- appointed 3 May 2016 Mr Adam McComa¢k- appointed 16 Set)tember 2020 Professor Bruno Flalpern- appointed l January 2021 Professor Jason Halford- appointed I July 2021 Professor Cathy Kotz- appointed l December 2021 Chair Profe550r John Wilding 5]dent)- appointrd 23 May 2018 Secretary Mr5 JohaIa Ralston- appointed 14 August 2017 CEO Mrs JohaTa Ra15ton Company Registered Number 03802726 Chority R¢ws¢¢redNumb 1076981 Auditors Xeinadin Auditing Chartered Ac¢oun(anis and Siatutory Auditors Beckett House 36 Old Jewry London EC2R 8DD Principal Office Address Ludgate House. Suite 410 107-11 l Fleet Street London EC4A 2AB HSBC Bank 156-157 Toitenham Court Road London WIP 9LJ So]i¢itors Penningtons Solicitors LLP da Vinci House Basing View Basing5toke Hampshire RG214BQ The trus9 have prepared this report and finan¢ial statements in aecordance with the UK Companies A¢1 2006, the UK Cliariti¢5 Act 2011 and the StaE¢m¢niof Recomtnended Practi¢e.' Accounting and Reportingby Charities (FRS102).
WORLD OBESITY FEDERATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Dear friend5. On behalf of the World Obesity Federaiion, l am pleased to present our annual report for 2021. li has been yet another year of great impact amidst continued uncertainty. And while we are all ready for rest, renewal and a return to in- person activities, we can celebrate that we have managed to come so far and share hopes for greater healih, ytability and progress in the coming year. A5 uncertainty became the new nornial in 2021. the obesity community rallied around increased recognition that obesity was a majoT factor contributing to complications and deaths due to COVID. even if the exact mechanisms T¢mained unclear. On World Obesiiy Day 2021 we Saw the greatest focus ever by media, poli¢ymakers and the public on obesity and its association with COVID. This led io policy announcernents. a step change in media coverage, over 8000/0 increase in ihe number of vi51tors to our data wcbsite and the launch of ihe Global Obesity Coalition with WOF. WHO and UNICEF, including wilh a hybTid event in New York at the time of the UN General Assembly. Our work in education continued to grow, with double the nuinber of SCOPE certifjcations ihan 2019. 8.000 new users, successful virtual delivery of four SCOPE schools focused on diabete5, CVD, surgery and mental health, and new modules focused on CVD and ireaiment. OUT work with youth included expansion of the website, while new member5 also joined from countries ranging from Mexico io Mongolia and an organization-wide launch of a working group to write a global position paper on weight stigma, in rcsponsc to both its impaci and ihe ways in which perceptions of wtight may vary by collntry and euliure. The launch of the economic impact of obcsity methodology was a critical moment in elevaiing ur¥en¢y and coming up with common meiries. In relation io policy, we worked with WHO to 5UPPOrt development of obesiiy re¢ommendalion5 and an accelerated action plan. to be adopted ai the World Healih Assembly in May 2022. which many of you helped shape and support. As we know, de5Plte ornmitmentS to the WFIO targets on haliing the Ti5e in obesity by 2025, countries are catastrophically ofY-¢ra¢k to meet the iarg¢ls and a much 5trongeT re5POll5e is needed. Thanks to your su¢¢essful advocacy at countrj. level, Combined with a great partnership with WHO in Geneva and in the regions, and T¢cognition of the ur8ency of the issue following COVID, we are finally anticipating global agreements and action plans on PTevention and mana8in8 obesity in low-. rniddle- and high-income countries. The next step will be coordinated national action and your pannership is needed more than ever as we finally start to bring ob¢siiy th¢ a¢ten¢ion and r¢50UTce5 needed, and to ¢n5ure that the projected I billion adulis and ¢hildren living with obesity have longer, healthier. happiei Itves. We look forward 10 sharing plans on next steps across the organizaiion, including at the International Con ess in Melbourne in October. Thanks to my fellow Board members, WOF volunteers and members. and the staff of World Obesity. Sincerely, John Wilding President
WORLD OBESTfY FEDERATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER2021 Legal status of the World Obesity Federation The World Obesity Federation (hereinafter World Obe51ty) was incorporat¢d in the Unit¢d Kingdom on 8 July 1999 and is a Private company limited by guaraniee {¢ompany registration number 03802726). World Obesity is governed by its Memorandum and ArtiGle5 of Association, as updated most r¢c¢ntly on 3 May 2016. World Obesity is a registered GhaTity (charity number 1076981) and is not empowwed to make financial dislTibutions to its members. StrategiG goals In line with its professional m¢mbership and its charitable status. World Obesity aims to lead and drive global efforts to reduce, prevent and treat obesity- World Obesity's vision is to create and lead a global Community of organisations dedi¢8t¢d to solving the problems of obesity. The Strategic goals of World Obesity are.. Lead global advocacy for obesity Convene stakeholders 8lobally Trdin and bwld ¢apa¢ity in obesity Collect and dis5¢minate knowled8¢ on ob¢sity ActiVAties and acbieveEnents A wide rang¢ of a¢tivities are uThJertaken to SUPPOrt the stfdte8ic goals, includin • Membership Global policy developnient and advo&i¢y Convening leaders and experts . World Obesity Day ClinEcal EdUtIon (SCOPE) . Gulf and Lebanon Recotnmendations • Collecting and disseminating knowledge on obes%ty Journals . Global Obesity Observatory Economic Jmpa¢t of Obesity Further detRils on each ofthes¢ activity areas are provided below
WORLD OBEsrrY FEDERATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DMBER 2021 Membership As a global federatlOD, members from around the world ar¢ vitsl to th¢ work and reputation of World Obesity. Indeed WOF'S intemational auihority is reliant upon the incorporation of new rnembers from n¢w parts of ihe world. as well as the support of existing tnembers. World Obesity Federation's memberbasehas grown steadily througkoui 2021. The expansion ofthe m¢mb¢rship grades to include an Associate grade, implemented in 2016, has contributed to this gr0h. The changes mean that non-profit orgonisations workin8 in related NCD conditions, but with a substantive interest in obesity, may now apply to becoTne members. This change to the bylaws 1$ refleGted in the small but growing number of A$50ciate Members that eurrently exist (10 in total). To tRke this year's ¢ohort as a sample, eight organi5ations have successfully applied for metnber5hip, out of which five have been approved at the Associate grade. Word Obesity cun'enily h25 76 members. The vast majority (63) arc Full member5 With voting righis, with another 10 organisations holding Associate memberghip. There ar¢ three regional organisations: the Asia Oceania Association for Ihe Study of Obe51ty (AOASO), the European Association for the Study of Obesity, and the Latin American Federation of Obesity Societies (FLASO) affiliation to World Obesity. World Obesity w¢l¢omed a number of new members in 2021: Obesidades (Mexico). Global Obesity Patient Alliance {GOPAI. International Federation for lh¢ Surgery of Obesity and Metabolic Disord¢rs (tFSO)' Colleciive for Action on Obesity (Au$tralia); Obesity Prevention and Control Society (China): Obesity Medicine Association (USA); Obegidade Bra5il (Brazil). Gasol Foundation (Spain). Memberbellcfits World Obcsity's member orgaiii5ations and their affjliations are entltled to a range of benefits, includin¥: Discounted registrdlion fees to World Obesity events and the International Congress on Obesity (ICO) Discounted subscription rates on th¢ World Obesity journals World Ob¢sity's International Awards for Scientific Ex¢ellence SCOPE Schools Invitation to attend OUT Annual General Meetiiig (A550Giate members in a non-voting ¢apa¢ityl Acces5 to international poli¢ie5, project updates and slotisiics on obesity via the World Obesity Dats Portal 500/0 discount on paywolled SCOPE E-Learning courses 25U/o di$Gount on the SCOPE Accredilation fe¢ for members Members e-newslett¢rs and webinars 20Yo Discount on Wiley publications 15YG discount on medical book5 from Wisepre$5.wm Inwtation to bid for holding regional and international World Obesity Confer¢nc¢s Opportunities for global networking wth experts in the field of obesity Access to and participation in various webinars. roundtsbles and online events throughout the year Leading global advocacy for obesity 2021 lia5 bten a pivotal year, bringing obesity io (he forefront of (he global h¢alth and political stage. World Obesity eontinues its high-profile public health policy and advocacy work. By Contributillg to high-lev¢l policy d¢velopment and collaborating with its members and many local, national. and international organisations, WOF and its networks are driving the global obesity agenda, with a particular focus on World Health Organization {WHO) and United Naiions (UN> iarg¢ts, in line with World Obesity's straiegic plan. The link between COVID-19 compliealions and obe5lty increakd political pressure to take actton, and in 2021 we saw the start of som¢ concrete actions by WHO. including with the development of Recommendations on obesity which have served an entry point for continued advocacy.
WORtD oBESy FEDERATION TRUSTEES, REPORT FOR TEtE YEAR ENDED 31 DECEMBER2021 In 2021 WOF launched a stigma working group comprising 39 members across multiple disciplines and from all over the world. The aim has been to develop a global position and understanding of siigma. ¢onsidering different cultures. languages and 5¢Ctors. A final paper will be published in 2022 World Obesily coniinues 10 be a Consortium partner in two European projects. CO-CRFA TE and STOP are both orntnitled to adopting a lift course approach to assessing ¢he de[mIants. 5y5tetn-level driver5, and appropriate interventions to addr¢55 the childhood obesity epidemic across Euiope, and provide imptsrtani insights for our advocacy work. Global policy development and advocacy World Obesiiy's advocacy prioritie5 continue to be focused on the recognition of obesiiy as boih risk factor and disease. and the need to prioritise obesity within health sysiems and food 9yStems. Childhood obesity is an ongoing priority area, Ivhtch we work closely with WHO. UNICEF and young people on. World Obesity continues to work ¢losely with across UN institutions. including WHO and FAO. Most notably in 2021 was the launch of the Global Obesiiy Coalition, a partnership between WHO, UNICEF and World Otesiiy with a focus on collectively 5hapin8 the obesity narrative, improving food enviTonments and integratin8 obesity within primary health care. In our ¢apa¢ity a5 a non-state actor in official relations with WHO. World Obesiiy participated in the 148 5es5ion of the WHO Lxeculive Board and th¢ 741h World Health Assembly by delivering a number of statements on key agenda items, including on the COVID-19 Tes onsc the Political Declaration ot. the third hi h-l¢vel nie¢¢in of the General Assembl on the revention and ¢ontToI of non-commijnicablc di5casc5 and social dcierminants. Thc 74, World Health Assembly was a significant Tnile5tone in World Obesity's global policy and advo¢a¢y Work, as it marked the adoption of a new resolution on diabetes with strong lanuuage OR obesity management and prevention, calling for the development of new recommendations and targets whtch we ¢ontyibuted to ihe development of in the latter part of 2021. World Obesity and its member5 also participated in the WHO Regional Commiiiee Meetings to review progJTes5 to date and discuss ongoing priorilies for the Selected regions. Alongside our members, World Obesity delivered several 51atemen15 across Ilie African, Sollth-East Asian, European, Eastern Mediterranean. Western Pacific and Aniericas regions. Convening leaders and experts A number of advocacy events took place during 2021, including.. On January 11 2021. together with WHO, World Obesity held a virtual policy dialogue, f(Kused on looking at ohe8ity, COVID-19 and the opportunity for action in 2021. Evolving evidence on ihe close asSO¢lation between COVID-19 and underlying obesity provided a new urgency and opportunity - for gjlobal action. Ahead of the 148 Session of Ihe WHO Ex¢¢ulive Board, World Obesity and WHO convened a high-level policy dialogue ¢0 dIU$$ opportunities and strategies for fa5t-tracking action on obesiiy during the session and throughout 2021. On March 4th 2021 to coincid¢ wilh World Obesity Day, Woild Obesity Federation and WHO convened over 150 stakeholders to share perspectives and mobilise efforts toward5 a global response to the ongoing obesity pandemic. Participant5 frotn over 40 countries working in governmen¢, academia and Civil society came together to reflect on the findings of the new COVID-19 and Obe5lt Ailas, and to hear priorities for action from both global leaders and those working on the fTont lines. With opening remarks from Dr TedT05 Adhanom Ghebreyesus, Director-General of WHO, Dr Tedr05 also introduced the newGlobal Obesity Coalition esrablished by WHO, World Obesity and UNICEF to lead, coordinate and drive action on obesity globally, and provided a clear call to action for governments. The audience also heard words of support rTom Michael R. Bloomberg. WHO Global Ambassador for Non¢ommuni¢able Diseases and Injurie5. Founder of Blooinberg LP and Bloomb¢r¥ Philanthropies, and Henrietta H. Fore. the previous Execlltive Director, UNICEF.
WORID OBEsy FEDERATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Against, the backdrop of the World Health Assembly in May ?021 and In contribution to the UN Fi>od Systems Summit, an eveni ivas organised in ¢ollabora¢ion with WHO and UNICEF lo increase awareness of how fwd systems and health are linked. and why food systems transformaiion is necessary to achieve health and well-bein8 for all. On fuesday 19 October. World Obesiiy organized a WHO bootcamp se55ion "Working with WHO io Advance the Global Obesity Agenda.. Road Map to a Resolution for patient advocaies and Members. The session aitned to introduce participants to the WHO and lis value for global health. describe the need and value of WHO resolutions and Action Plans. and propose a way for future action on obesity. Collect and disseminate knowledge on obesity In addition to the publication of th¢ COVID-19 and Obesity Atlas. WOF also launched the COVID-19 and obesity d¢claraiion, developed and signed by wor members and colleagues to call on coordinated action and commitment to address obesity management and prevention in (he coniexi of the pandemic. A5 part of its contribution to the STOP proje¢¢, World Obesity collaborated with The European Pllblic Health Alliance to develop a 5erie5 of olic summaries that align with STOP providing new evidence to support governments and policymakers identify what are the m05t effective cliildhood obesity interventions. A eoncurr¢ni debate wa5 a150 Convened with key stakeholders from the World Health Organi7.ation. Members of the European Parliameni IMEPs}, and civil so¢ieiy colleagues to debate the follow-up to the EU Action Plan on Childhood Obesity that expired in 2020. Acknoivledging that youth hold a central role in addressing childhood obesity, World Obesity continued to work with the CO-CREATE Youth Declaralion Task Force. World Obesity supported youth advocacy for thc policy demands listed in the CO-CREATE Youth Declaration. adopted in 2020. A IrtUal ouih seminar and dialogues were convened to align with prominent days including International Youth Da and Worl(] Children's Da In 2021, World Obesity also developed youth-orienled advoLa¢y briefings and launched a three-part podcast series Youih VoiL¢s for Health Choices. WoTld Obesity ha5 published a series of policy dossiers over the years. which PTe5ent evidence and case studies on differen¢ policy areas related to obesity. These are targeted at policymakers, as well as civil society and acadeTnics who Wish to advocate on these issues. In 2021 w¢ published three new d055iers on physical activity, food systems and weight stigma, and updated a number of our oiher d0s5ier5. Each of these dossiers includes a bri¢fing paper which includes recommendatlOll5 for policy developjnent and implemen¢aiion. World Obesity Day The sttond unified World Obesiiy Day took place tsn March 4th. 2021. The global campaign sought to build on the strong groundwork laid in 2020. It reflected and amplified the need for a ¢ohestv¢, cross-sector response to the obesity risis. and used the momentum Created by the COVID-19 pand¢mic to raise awarene55 of the importance of addressing obesity as part of a wider push to address public health and food-systems inequaliiy. In October 2020, Ihe Global Advi50rJ' Group {GAGI was formed as a sie¢ring committee from diverse geographie5 r¢pr¢s¢niing organisatlOll5 engaged in prevention. Ireaiment and management, as well as patient advocate5. The GAG and WOF agreed a thenie of 'Ev4vb¢OyNeeds Everybody'for its message of unity and common purpose, whilst also aciing as a call ¢0 action for l>oth individuals and groups. WOD ?O?l exceeded its targFets in all KPIS and made a Sl8nificant coniribuiion lo shifiing the dialo¥u¢ around obesity with policy makers and the ivider publi¢. It alw provided inspiration and leaTnings for how to capitalL5e on this for tuiure campaigns.
WORID OBEsy FEDERATEON TRUSTBBS, REPORT FOR TEIE YEAR ENDED 31 DECEMBER 2021 Convening obesity stakehol(krs globally In 2021. The Global Obe51ty Forum took place on Monday 20th September during the UN General Assembly in New York in the form ofa half-day hybrid eveni, wilh some speakers and participants attending in person {with representaiion from 36 countries). The Forum was co-hosted by the World Healih Organization. World Obesity Federation, and UNICEF {the thr¢¢ founding memb¢r5 of the Global Obesity Coalition). The Forum both reflected and reinforced the centrality of the three pillars of work that have been identified by th¢ Global Obe51ty Coalition a5 the basis of it5 work.. Shifiing the narrative on obesity. Accelerating implementation of effective actions that promote healthy diets and physical a¢tivity,' and lrttegrating obesity prevention, management, and treotmeni into primary health care. During 2021. World Obesity also delivered a number of events focused on key issue5 related to obesity as part of our Collaboration in a number of EU project5. This included a series of w¢binars related to our policy dossiers in¢luding on physical acliviiy, food 5y5t¢m5, and advancing obe51ty policy in Europe. In addiiion, an emphasis was placed on f05tering and coordinating cros5-collaborhtive activities with other projects PEN and JA Best-ReMaP- through a World c.afe Series and Joint Sy¥np05ium. In 2020 WOF started a weekly dissemination of a newsletter to ollr network of credible new5 Stories and latest research on the COVID-19 pandemic and Its links to obe51ty. This continued Ihrougliout 2021. Training and building capacity in obesity CliDico1 Eduution (SCOPE) .806 new iiser accounts were created in 2021 and a total of 523 health profes5ioiia15 became SCOPE Certified in 2021. Thi5 15 more than double the total certifications awarded in 2019, blll slightly lower than that of 2020, which was an unprecedentedly successful year. However. as the graph below shows, the number of certifications remains on a clear upward trajectory. SCOPE Certifications by year 647 523 247 87 31 32 38 2012 2014 2015 2016 2017 2018 2019 2020 2021 2022
WORLD OBES FBDBRATION TRUSTEES, REPORT FOR THE YBAR ENDED 31 DECEMBER 2021 In May. the rnodule Obeslty and COVID-19 - authored by Prof Donna Ryan and originally relewd in 2020- wa5 updated to ineorporate data thai have emergFed since the module's initial publication, including on vaccine etTi¢acy in people with obesity. The module was then professionally iranslaied to Spanish. FTenth and Portuguese. Three older modules were redeveloped to the new format, professionally translated to Spanish, French and Portugues¢, and made available on the tU¢t platform in all languages for the first time in QI.. Diagnostic Pathways in Obesity Clinics Facilitating Behaviour Change When is Surgical Treatment for Obesity Appropriate? In SeptemEtr, thc six-module leaming path Obesilyand CVD." A Complex RelatioTrshipwas made available on the SCOPE E-Learning platforni. The cours¢ was developed in collaboration with the World Fleart Federation and explores how obesity COTtelate5 Wlth CVD (cardiovascular disease) risk, considering the impa¢¢ of obesity on the heart and the interaction of CVD with obesiry-r¢la¢ed compliiatiL)ns. Three additional new modules were released in Q4. funded under the OB TAINS-E2 grant.. An Overview of BAriatric Surgery, AuthoT'. Prof Mohammed Alnaami Medical Nutrition Therapy for Obesity. Authors.. Prof Mahenderan Appukutty and Dr Geeta Appannah Emerging Thernpies in Obesity Medicine . Authors.. Prof Joseph Proietto. Dr Deborah Bade Horn, Dr Shelby Sullivan, Prof Ahmad Aly The Clinical Care Committee mapped all SC.OPE modules against tlie Obesity Medicine Education Collaborative IOMECI competency framework. Learners are now able to track which skills and ¢OTnpeten¢ies they have developed by taking SCOPE courses and Can select courses to enrol in based on which competencies are covered. This is available in Spanish. FTench and Portuguese. At the end of 2021 work began on preparing a 9 episode podcast s¢ries. The primary audienct will be medical students and guestslhosts will tnclude international obesity 5peciali5ts a5 well as patients living with obesity. The series is due to launch in QI of 2022. SCOPE School was adapted in 2020 to accommodate online delegates in lighi of the COVID-19 pandemic. Throughout ?021, a total of 4 SC.OPE School Global events took place.. obesity and mental health: obesiiy and baTialric surgT¢ry; obesity and cardiovascular diseast: and obesiiy and diabeies. The latter 3 schoo15 were held in conjunction with ¢h¢ Inierna¢ional Federation for ihe Surgery of Obesity and Metabolic Disorders. World Heart Federation. and the International Diabetes Federation respectively, allowing for a greaily expanded and diver audience. Gulf I*bJnon Recommendations Sin¢e 2019, World Obesity have been WOTking with regional experts lo facilitate the development and implemenration of regjional recomjnendalions for the treatment and managemeni of adul¢ obesity. The first phase of thi5 project was the co-development of the recommendations EFY the 'Gulf and Lebanon Expert Group, and World Obesity. The re¢ommendatlOlls report wa5 launched at the N iniial SQ'OPL SLhool in October 2020. This SCOPE School - which was held alongside the 2. UAE obesity conferenc¢- was regionally focused and $0 had the ideal audience for the rccommendations. The second phase of the project -which commenced in 2021 du¢ to COVID-19 and is Still ongoing - involves the hosiing of local workshops in each country to facilitate the adoption of these recommendations. Three workshops took place in 2021=
WORLD OBESITY FEDEBATtON TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The WOTkshop 'funvnrRcromrnend8bons andStr&tegJes to Prevent6ndM8nkge Obesityin the 1}sdOM ofsau Ar8bi&.' IPhitodoncx¢?**took place virtually on Friday April 2021. The WOTk5hop wa5 jointed held by the World Obeslty Federation, the Saudi Arabia So¢iety for Metabolic and Bariatric Surgery and the Saudi Commission for Healih Specialties. 12 key priorities and recommendations came out of the workshop. which ranged from utilising evidence on ihe economic impact of obesity lo workin¥ wilh insurance companie5 to bring coverage in line with recomrnend21ions. The Workshop "Gulf& Leb8norJ Regioa/recoMMedats0Ds.. Strdiegic meetsijg ofkey stakeholders in the Uniied Ar&b EmJr&les"was held virlually on Thursday 18 Nov¢TnbeT 2021. The workshop was jointly l)eld by the Imperial College London Diabetes Centre and the Abu Dhabi Publie Heal¢h Cenire and wa5 held adjacently to the 3, UAE Obesit Conferen¢e la SCOPE-accrediied event). The workshop "upda1 on stratees & ReconunIIons forMBnEgcn7cnt & PventIon of Obesity, was held in a hybrid format on Friday 3, December 2021. The in-person componcnt was held at Sheraton Grand Doha Resort & Convention Hotel, Doha. Qatar. The workshop was held in collaboration wilh rhe Hamad Medical Cooperation and was ihe first naiional obesity workshop held in the country. Collecting and disseminating knowledge on obesity Journal8 World Obesity publishes four scientific. peer-reviewed journals, each fo¢using on a different area ofobesity rese#TCh.. systemati¢ review5, paediatric5, clinical treatrnent, aiid science and practice. The journals provide an excellent resource for those in the obesity field and raise ihe sianding and reputation of World Obesity. The table below shows the impact gf World Obesity's three subscription-based journa15 Ln recent years.. 2017 7.880 3.400 1.65 2018 8.483 3.980 1.55 2019 8.192 3.713 2020 7.310 3.429 2021 9.213 4.000 2.529 Obesit Reviews (Im act Faciorl Pediatric Obesit (Tm act Factor Clinical Obesity (Predicted Impact Factor This year Clarivate Changed their meihod for calculating the Impact Facttsr. They now include citation5 from Early View conieni in the numerator of the equation. and Early View papers will filter into the denominator in fuiuye years. As a result of this change many journals are seeing an increase to their Impact Factors this year. Obesity Reviews continued to be the highest ranked obesity joumal by ITnpact Fac¢or aRd wa5 the twelfth highest ranked in ihe Endocrinology & Metabolism fieldlsource.. ISI Journal Citation Reports). I'welve standard issues of the journal were published throughout 2021, in addition 10 6 supplementary issues. Twelve issue5 of Pediatric Obe51ty were published in 2021.Pediatric Obesity was the thirteenih highest-ranked joumal in the field of Pediatrics lsouree: ISI Joumal Cith¢ion Reports). Six issues of Clinical Obesity were published throtsghout the year, in addition to the compilatioti Issue of COVID-19 research which ¢ontinue5 to be added to. The jQUTnal published numerous widely cited studies on COVID-19, IllCTeasing its article downloads. Obesity Science and Practice. the open access joumal co-owned wilh The Obesity So¢ieiy, published six issues throughout the year. Th¢ journal wiinessed a large in¢rea5e in submission5 lup 4i.9•/0 on 20201 and a decrease in accepted article& representing an improvement in the overall quality of a¢¢¢pt¢d manus¢ripis.
WORID oBESy FEDERATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Global Obesity Observatory 2021 ha5 seen several developments and a signifi¢ant uptum in usage. This year we provided.. Comprehensive worldwide dath updates Tran51ations- EU OtTicial laiigua8es Presentation Maps- key maps available for download Economic5 Section Regional Atlas Driver & Comorbidity Reports Work to update th¢ data iviihin ihe database is continuous. Over the coiirse of 2021 the data team added > 500 updates from > 90 countries. The large cr05s national survey EUROSTAT data foT 2019 was also imported. Econon)ic Impact of Obesity Since Seplejnber 2019. World Obesity has been working wilh ihe Research Triangle In51itute (RTI) International to improve the quality, ¢omparabilily. and corninunicability of the economic evidenc¢ on the impail ofoverweight and obeslty. Before 2021, World Obesiiy and RTI ¢reated a %1¢tifIC committee (the 'cosl of obesiiy advisory tsup. ICOOAGI) io provide an advi50ry and oversight fiinction. 'I'hrou8hout 2021, COOAG met a series of times to fjrrn up the methodology for the calculation of e¢onomi¢ impact and to select the 8 pilot countrie5. To support the expansion of the e¢onomi¢ impact model beyond the 8 pilot countries. COOAG was expanded to be more r¢preseniaiive of the world. Three new metnbers were invited to Ihe existing group following interviews. Dr. Soewarta Kosen, Dr. Ojwan8 Alice Achieng and Dr. Juan Angel Rivera Dommarco. The first academic inanuscripi from this projeei was published In BMJ Global Flealih"EconomJcimp8cls ofovenvejght ob(¥ity current and future TrinAteS for eighi co£wtriek'. A shorter summary version of the report wa5 a150 published on World Obesity's website. World Obesity and RTI International jointly held a webinar on 9, November 2021 dedicated to the work. 'Saving lives, saving resgurces.. Ihe economics of obesity" Phase 2 will continue into 2022.
WORU) OBEsrrY FBDBRATION TRUSTBES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Charitable objectives of World Obesity World Obesity 15 registered in the United Kingdom. World Obesity's charitsble objectives are 'Yo promote thc preserv81ion 4ndprntecttoJF ofhe&lih 8ndr¢liefofSickn forthcpublic benefit the ficJdofobesity6ndJts Jrjafed dJsorders by (i) promoling rcsearch, the disseminatjon of lh¢ Tesults of Such sc&h, End exGh8nge of.f¢ienlific infomiA¢]i>nin ilJefJeldvfobcsltyiiJtern&tion81ly, (11}developJnga deepcrundeJsiéndingofhowto8chicvc8J3dmAintain ahe<hybodwveJght, andm8nagingandpreveÈ5DobtYRndItsrel81edC0ndlriDnS byihose eng8gedin ihestudyof obesjty, hea]th¢arepmTes5JOD&ls, he&lÉfi reJatedorgdnisAlions. gove57llnellls andth¢item&tlosj communi, Public benefit World Obesity's a¢tiviti¢s continue to give identifEable benefits to the public. The trustees confirm that th¢y have complied with duty under section 17 of the Charitits Act 2011 to have due regard to the Charity Commission's general guidanee on public benefit and seek to meet World Obesity's charitable purposes in following it5 objectives. Structure> governance and management The TnLqtees (Exeeudve ComTnTtte¢) The directors of the company are also trustees of the Charity for the purpose of charity law. and. under the Articles of Association, ar¢ also known as members of the Executive Comrnittee. The President and President-Elect are elected by General Council and serve for a terni of two years in ¢a¢h position. The TreasureT and the Secretary are elected by the General Council to serve for a maximum period of two tertll5, each four years in duration. Th¢ Vi¢e-Presidents for each region are elected by their rEspective regional bodies. When a new trustee is appointed, the ¢harity will provide a copy of the Truste¢s Pack which includes information on= role and responsibilities of a trustee- mission and objectiv¢s of the or¥ani5ation.' l¢gal status and governance; • or¥anisation815tructure and staifing. • finance including expense Claim rule5- list of professional advisors. fvlemorandum and Articles oFA$so¢iation The Chèrity's current Board is Comprised of 13 men]ber5. Tespon5ible for the strategic direction and policies of the ch8rity as delegated by the General Council. The Executive Comrnittee holds regular meetings and teleconfrrence calls to discu55 relev8nt Issues and make final decisions to feed back to the sub-committees and task forces. Relevani senior staff members are invited io attend certain meetings in orderto Facilitate operational details. The Executiv¢ Commiitee, with support from the rel¢vant sub-¢ommittees. considers organi5ational risk that World Obesity may fac< the Strategic position and any difficulti¢s the organisation may have in achieving its goals. General Council The General Coun¢il is the governing body of World Obesity. Member5 of World Obesity are entitled to send one representative per member orgaiii5ation to attend g¢n¢ral meetings personally or by proxy. and to vote on behalfof their organtsation. The Nominations Committee consists of the PresidenL the President-El¢cE the Past-President and three eo-opted members. The NoTninations Comrnittee manages th¢ nomination process of the President-Elect. The Nominations Committee reports direcily to the Executive Cotnmittee. Finance Committee The Ftn8nce Comrnittee ¢ollaies ihe yearly budgets for approval by the EYe¢utiv¢ Committee and rnonitors the PErforrnance against that budget during regular meetings through the year. The Finance Committee also ¢onsid¢rs the financial risk World Obesity may encounter and recommends strat¢gies to mitigate any identified risk. The Finance Committee teports directly to the Executive Commi¢te¢.
WORLD OBESITY FEDERATION TRUSTEES, RBPORT FOR THE YEARENDBD 31 DECEMBER2021 Pub]i¢atii)n5 Comtnittee The Publications Conunittee manages the journal portfolio of World Obesity. The Publications Committee meets at least twice a y¢ar and fo¢uses on increasingthe itnpact of World Obesity's journals. The Publications Committeereports diTeetly to the Executive Conunittee The Clinical Care Conunittee fo¢us¢s on management of the Gharity's educational progrdmm¢s for healthcare professionals. The Clinic81 Care Commiitee reports directly to the Execlltiv¢ Committ¢¢. Policy and Pr¢vention Committee The Policy and Prevention Commirtee fu$£S on public health policy and advocacy work. It is supported in an advisory capacity by a Scientific and Technical Advisory Network (STAN) of 54 expert members. including 10 ¢arly-we¢r professionals. The Policy and Prev¢ntion Committee reports directly to the Bxecutive Committee. The Seientifi¢ Programme and ICO Liaison Committee 'rhe Scientific Programme and ICO Liaison Committee provides leadership on confer¢nc¢ programmes, speaker invitation and other event-relaied strategy issue5. Health Systems Committee In 2017 the Executive Committee agreed to establish a working commtttee to promote obesity treatment and prevention servi¢es through a Health Systems approach. The Committee laun¢h¢d in 2018 and 15 eurrently inactive. The day-tfrday manag¢ment and decision making of World Obesity is delewdted by the trustees to the CEO. Etnployee parttcipation World Obesity is committed to employee engagement. A motivated and committed team ensures that all avenues to further the work of World Obesity explored. World Obesity works hard tg promote int¢ra¢iion and irust b¢tween the leadership and etnployees. and to promot¢ collaboraiive relationships through team buildin& cross-fun¢tional projects and training. World Obesity seek5 to ur]derstand and appreciate different perspectives and to address ernployee con¢em5 and issues. Lrj addition, World Obesity en¢ourag¢s, ¢el¢bTate5 and reco8nise5 the excellenc¢ of the team and actively solicits employee fe¢dba¢k and evaluates and recommend5 Strategies for improving employe¢ engagern¢nt. Reserves poli¢y The trustees have agreed to maintain an annually review reserve policy. The trustees consider that the ideal level of reserves a5 of 3151 December 2021 is enough to eover one year of operdting expenses of the ¢harity. The trustees have agre¢d an increased level of expendÉture for 2022 to invest in policy and advocacy work to Secure a WHO resolution on obesity. Thi5 investment 15 expe¢ted to lead to a reduGtion of the free reserves. The cutTent resetves pl pledged in¢om¢ is expected to result in the free reserv¢s of th¢ ¢hariiy being in lin¢ with this policy. This reserves policy CQn5iders the commitments of the charity su¢h as rental and legal expenses relating to the oc¢upation of the premises at Ludgat¢ H¢)use, salarie5 of employee5 and other similar liabilities, plus programmes and projects thai the ¢harity is commiited to Completing. Management has assessed the major r5sks to which World Obesity is exposed as including too few sources of income and the impact of losinE one or more sources of income, loss of key employees from the team, the potential losses from unsuccessfijl congresses. Th¢ Board and manageTnent h&ve revtewed these areas of potential risk and concluded that, op¢rationally, these risks are significontly mitigated. Financial and legal record keeping is performed by World Obesity which has adequate intemal contro15. insurance cover is reviewed every year. and a lawyer 15 on hand when needed. The exposure to a loss of income was considered when the reserves policy was agr¢ed, and reserv¢s are held io cover one year's net expenditure on PTogramTnes operdted by the direct employees of World Obesity. LOng-ter commitments are not made without having the cash in hand. Work has been done to understand the environment in which World Obesity operates and initiatives and pro.tsrdmrnes have been put in place based on the findings of thi5 research. 12
WORLD oBESFEDERAT[0N TRUSTEES, REPORT FOR Tffe YEAR BNDED 31 DECBMBER 2021 Investment poli The trvstees periodically review the policy for investing the fund5 of the Charity. It has been decided that ill the current phas¢ of the World Obesity Federation's developmen¢ ndS will be retained a5 Cash to ensre that the activities of the federation will be adequately nded. FMU¢1 pOnsIbIlitieS Tht trustees, who are also directors of ihe World Obesity Federation for the purposes of Company IAW. are responsibl¢ for preparing the Trustees, report and the financial statem¢nts in a¢cordance with applicable law aiid United Kingdom Accounting Standards {United Kingdom G¢nerally A¢cep¢ed Acwunting Practice). Company law requires the trustees to prepare financial siatements for each financial year which give o true and fair view of the Stale of affairs of the charitable ¢ompany and the group and of the incoming resources and application of resour¢¢s, including the income and expenditur& of the charitable group for that period. In preparin8 these financial statements, the trustees are requsred to-. Select suitable accounting poltcies and then apply them con5iStently' Obsetve the methods and principles in the Charities SORP; Make judgements and ¢stimat¢s that are reasonable and prudent,. Prepare the fjnancial statements on the going concem basis unles5 it is inapprowiate to presume that the charitable mpany will continue in business The trustees are responsable for keeping proper aoUntIng records that disclose with reasonabl¢ ac¢ura¢y at any time of th¢ financial position of the charitable company and group and enable them to ensure that the financial statements comply with the Companies A¢t 2006. They are a150 responsible for safeguarding the assets of the charitRble company and ihe group and hence for taking reasonable steps for the prevention and detection of fraud and other irreglllarities. The trusttts are responsible for the maintenance and integrity of the corporate and fITncial infomiation included on the charitable company's web5lte. Legislatton in lh¢ United Kingdom ttoverning thc preparation and disseminaiion of financial statements may ditrer from legislation in other jurisdictions. In so far as we are awar¢: There is no relevant audit information of which the charitable wmpany and group's auditor 15 unaware- and The trustees Iiavc taken all steps that tliey ought to have taken lo mak¢ th¢ms¢lv¢s awar¢ of arty relevant audit jDfonnation and to establish that the auditor is aware ofthat infomiation. At the end of the year to 31 Deceniber 2021 the tolal fund5 of the charitable group were £l,114.184. The overall POSTtion of the charity has ehanged fvom £986,693 in 2020 to £l.114.184 in 2021. The net position for th¢ ¢harity was a SUTplus of £127,491 in 2021 Compared to a deficit of £7.J61 in 2020. At the ¢rKI of the year 2 review of oiir reserves was undertaken. This resulted in a total fr¢e reserye (excluding net book value of fixed assets and designated funds) of £1,105,260 at the year end. The rin¢1 al income sources for the chari in 2021 were as follows: European Commission Joumals 310.361 157,895 679.619 Clinical Education (SCOPE) Policy activities 266,536 Events 487.6i8 13
WORLD OBEsrrY FEDERATION AUDrroRS REPORT FOR THE YEARBNDBD 31 DECEMBER 2021 Report ofthe [jePendellt Auditors to th¢Members of the World Obtsity Federation (R¢gistered number.. 03802726) Opinion We have audited the fEnancial 5tatement5 of World Obesity Federation (the 'charitable company'l for the year ended 31 December 2021 whi¢h comprise the Statement of Finartcial ActÈvities, th¢ Balan¢¢ Sh¢et, the Cash Flow Statement nd notes to the financial stalemcnts, including a summary of significant accounting policies. The financial reporting fram¢work that has been applied in their preparation is applicable law and United Kingdom Ac¢ounÈing Standards {United Kiiwdotn Generally A¢c¢pt¢d A¢¢ounting Practice). In tsur opinion the financial statements-. give a true and fair view of the state of the charitable company's affairs as at 31 Decetnber 2021 and of its incoming resource$ and application of re50urce5, including its income and exp¢nditur¢ for the year then ended- h&Ye been properly prepared in accordance with United Kingdom Generdlly Accepted Accounting Practice. and hav¢ been prepared in accordance with the requirements of the Companies Act 2006. B#sfs for OPiDion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and f¢ppliGable law. Our responsibilities under those standards ar¢ further described in th¢ Auditor5, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in xroidance with the ethical requirements that are relevant to our audit of the fjnantial statements in the UK. including the fRC's Ethical Standard. and we have fi]Ifilled our other etl)iclll responsibillties in accordance with these requirements. We believe that the Audit eviderkee we have obtained is sufficient and appropriate to provide a basis for our opinion. Condusions relating to goin8 wn¢4m In auditing the financial statement5. we have con¢lud¢d that ihe tte¢s, use ofthe going concern bosis of atIng in the prepardtion of the finan¢ial staternEnts t5 appropriate. Based on the work we hav¢ p¢rfomJed, we have not identified any Fnaterial uncertainties relating to ¢vents or ¢onditions tliat, individually orcollectively, may cast signifi¢anl doubt on the charitable company's abilityto continue as a going concern for a period of at least twelye months from when the financial statements are authorised for issue. Our responsibilities and the responsibiliii¢s of the trustees with respect to goinu eoncem are described in the relevani sections of this report. The trustee5 are responsible for the other infomiation. The other information comprises the infomiation included irt the Annual ReporL other than the financial Statements and our Report of the Independent Auditors thereon. Our opinion on the finan¢ial statements dL)es cover the other information and, exc¢pt to the extent otherwise explicitly stated in our repor4 we d(Tr not ¢xpr¢ss any fom) of assurance ¢onclusion thereon. 14
WORLD OBESITY FEDERATION AUDTfoRS REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 In conn¢ction with our audit of the financial stst¢m¢nts, our responsibility is to read the other information and. in doing so, consider wheiher the other infomvation is teriallY inconsistent with tlie financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstatEd. If we identify such mat¢rial inconsisten¢ies or apparent rnattrial misstaternents. we are requhred to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on thc WOTk we have perfortned, we conclude tliat there is a rnaterial mi5Statement of thÉs other inforjnation. we are required to report that fact. We have nothing to report in this regard. Opinions on other Dutters prescnwby the Companies Act 2006 In our opinion, based on the work undertaken in the Gourse of the audit: th¢ infom)otion given in the Report of the Trusiees for the financial year for which the financial statements are prepared is consistent with tlie financial statements; and th¢ Report of the Trustees has been prepared in accordance with applicable legal requirements. In th¢ light ofthe knowledge and understanding of the Charitable eornpany and sts environment obtasned in the Course of the aiidit. we have not identift¢d material misstaternents in thc Report of the Ttte$. We have nothing to report in r¢Sp¢ of the following matters where rhe Companies Aci 2006 requires us to report to you if, in our opinion: adequaleaccounttngr¢cor(b hav¢ Dot b¢en k¢pt or retums adequate for ouraudit have noi beenreceived from branGh¢5 nol Yi5ited by us. tsr the financial statements are not in agreement with the a¢counting records and retums. or ¢ertain dss¢losures of tTUStee5' remiin¢ration specafied by law are not made,. or we have not irceived all the information and explanations we require for our audit. or the trustees were not entitled to lake advantage of the simall companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Tntee$. Rwnsibilities oftrust¢es As explained mor¢ fully in the Staternent of Tru5tees' ResponsÉbilities, the trustees (who are also th¢ dir¢ctors of the ehajitable company for the purposes of Company law} are rrspon5ible for the preparation of the financial 5tatetnents and for being satisfied that they 8ive a true and fair view, and for such internal contn)l as the Irustees determin¢ is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to frv4ud or error. In preparing the financial statemEnts. the trustees are responsible for a5SeS5ing the charitable company's ability to Continue a5 a going concern, disclosijig, as applicable, matters related to going ¢on¢ern and using the going ¢oncem basis of a¢¢ountl)g unless ihe trustees either intend to liquidate the charitable cofflpany or to cease operations, or have no realistic alternative but to do so.
WOBLD OBESITY FEDERATION AUDrroRS REPORT FOR THE YEARENDED 31 DECBMBER 2021 Ourre$p)tt&ibilitie8 forthe audit of the )gnan¢ial sthtements Our objecÉive5 are to obtain reasonable assurance knut whether the financial statements as a whol¢ ar¢ fre¢ from material mi&8tatemenL whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurdn¢e is a high level of assuTanc< but 15 not a guarantee that an audit conducted in accordance with ISAS (UK) will always d¢te¢L a material misstatement when it exists. Mi5Statements Call arise from fraud or etTor and are consid¢red material if, individually or En the aggregate, they ¢ould rwasonably be expected to influence the economic decisions of users taken on the basis of these financial statemeThts. The extent lo which our procedures are capable of detecting irregularities, including fraud is detailed below.. Identify and assess the risk of material misststement of the financial statements. whether due to fraud or error, design and perform audit procedures responsive io those risks, ond obtain audit evidence that 15 Sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material mi55tatement resulting from fraud 15 higher than for one resulting from error, as fraud may involve Collusion. forgery. intentional omissions, misrepresentations or the override of intem&l control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that ar¢ approprtate in the ¢ircumstan¢e4 but not for the PLirposes of expresstng an opinion on the effe¢tivene5s of the company's internal control. Evaluate the appropriatene55 of accounting polici¢5 used And the reasonableness of accounting e5tÉmat¢$ and th¢ r¢lat¢d disclosures made by the directors. CoDclude on the appropriateness of the directors, use of the going eon¢¢rn basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists L'elated to event or cotLdition5 that may cast 518nificant doubton the company's ability to ¢ontinu¢ a5 agoing collcern. Ilwe coneludethat a material uncertainty exists. are required to draw attention in our auditors report to the related disclosure in the financial statements or. if such disclosures ar¢ inadequate to modify our opinion. Our conclusions are based on the audit evidence obthined up to the date of our auditorfs report. However, future events or ctsnditions rnay cause tlie company to cease to continue 8$ a going concern. - Evaluate the overall presentation, stru¢ture and content of the financial statemetrts, including the disclosure¥ and whether the flnancial siatEtnents represent the und¢r5ying transactions and events in a manner that achieves fair presentation. A further description of our wponsibilities for the audit of the financial statements is located on the Financial Reporting Coun¢il's website at www.fr¢.org.uklauditor5re5ponsibilities. This description forms part of our Report of the Independent Auditors. 16
WORLD OBEsrrY FEDERATION AUDrfoRS REPORT FOR THB YEARBNDED 31 DECBMBER 2021 UEe 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. Our audit work has been urtdert8ken so that we might 5tat¢ to th¢ ¢harilable company's members those fflatter5 we are required to state to them in an auditors. report and for no other purpose. To the full¢st extent pemiitted bj. law, we do not accept or a55UTne re5POn5ibilitytO anyone other than the charitable ¢ompany and the Charitable company's members as a body, for our audit work, for this report, or for the opinions we have formd. H M Day (Senior Stathtory Auditor) for and on behalf of Xeinadin Auditing Chartered Accountants and Statutory Auditors Beckett House 36 Old J¢wry London Eff2R 8DD Date.. 17
WORLD OBEStrY FEDERATION STATEMENT OF FINANCtAL AcrIvrrIBS CHARITY (In¢oIportiDg Income and Expenditure &ccount) FOR THE YEAR ENDED 31 DECEMBER2021 202k 2020 Totsl Fund3 Restricted Unrestricted INCOMING RESOURCES Notes VoluDt8iyiocon Donations and legacies Activities ftr generatitt8 fuTMIs: Congress and Events Royalties and other incotne Investmentincome Invesiment income 60,132 60,132 553 277,195 277.195 386.452 116 Incomttig rewur¢es from Charitable Adivities: Policy Education Research Membership 266.536 1,225,307 530.017 32,195 266,536 1,404,831 660,854 32,195 301,454 936.950 623,342 7.783 179.524 130,837 310.361 2,391,384 2.701,745 2.256.650 RESOURCES EXPENDED Voluntsry income 451.549 451,549 329,133 451,549 451,549 329,133 Charifabk activities.. Policy Membership Services Education R¢s¢8T¢h 290.700 47,570 922,102 551,972 290,700 47.570 1,101,571 682.864 310,339 21,788 820,883 781,868 179.469 30,892 Total ¢ha¥itable expenditure 310,361 1.812.344 2.122.705 1,934,878 310,361 2.263.893 2,574,254 2,264,011 Net incoming resourc before transkn 127.491 127,491 (7,361) Transfers between funds Net movement in funds (7,361) Funds at l January 986,693 986,693 994,054
t 31 December
1,114,184 l.Il4.184 986,693 All of the above results are derived from continuing activities. There were no other recogni$ed gain5 or losse5 Other thaTr those stated bove. Movements in ftd$ are disclosed in note 12 to the financial ststements. The notes on pages 22 to 27 form part of ih¢se financial stAternents. 18
Company Number: 03802726
WORLD OBESITY FEDERATION
BALANCE SHE T
AS AT 31 DECEMBER 2021
| FID ASSETS Tangible fxed assets Investments CURRENT ASSETS Debtors Cash at bank and in hand CREDITORS:amounts flling due within one year NET CU ENT ASSETS NET ASSETS FUNDS Restricted fnds Unrestricted fnds general fnd Notes 8 9 IO 11 11 11 |
2021 £ 8,924 8,924 644,065 2,192,833 2,836,898 (1,731,638) 1,105,260 £1,114,184 1,114,184 £1,114,184 |
2020 £ 10,976 10,976 562,282 3,204,686 3,766,968 (2,791,251) 975,717 £986,693 986,693 £986,693 |
|---|---|---|
The financial statements were approved and authorised for issue by the Board of the Trustees on 9 June 2022 and were signed below on its behalf by:
Trustee Professor Caroline Apovian
Trustee Professor John Wilding
The notes on pages 22 to 27 form part of these financial statements.
19
WORLD OBEsrrYFEDERATtON Cojnpany Number. 03802726 CASH FLOW STATEMEKr AS AT 31 DECEMBER 2021 2021 2020 Cash flows from op¢rating adivities (1.007,5801 364,821 Purchase of tangible fixed a5s¢ts Sale of tangible fixed a5setS Interest received (4.273) {9,759) Change in ¢ash and cash equivalents in the reporting period (1,011,853) 355.061 Cosh and cash equivalents at the beginning of the reporting period 3.204.686 2.849.625 Cash and cash equival¢nts at the ¢nd of the reporiing period 2.192,833 3,204.686 Net incomelexpenditure for the rertIng period {as per the statement of financial activitie5) 127.491 (7,361) Adjustments for: Depreciation char8e5 Profjt on disposal of fixed assets Interest rtteived Decrea5eI(incree) in debtors (Decreaseyin¢rease in ¢reditors 6,324 11.251 (81.7821 (1.059,6131 122.499 238,432 1.007,580 364.821 20
WORIIJ OBESITY FEDBBATION NOTES TO THB FINANCIAL STATEMENTS FOR THB YEARBNDED 31 DECEMBER 2021 ACCOi)NTNG POLICIES Basis of accountin8 Th¢ financial statsments of the charitsble company. which is a public benefit entity under FRS 102. have been prepared in accordatjce with the Charities SORP (FRS 102)'Accounting and Reporting by CharÈties'. Statement of Recommended Pra¢iice applicable to chariÈies preparing Ih¢ir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019),, Finan¢ial Reporting Standard 102'The Financial Reporting Standard appli¢abl¢ in the UK and Republi¢ of Ireland, and the Companies Act 2006. The financial statements have been prepared under the hislorical c05t convention. The reporting currency for the financial statements is GBP. b) Income rource5 Income from donations and grants are included in incoming resource5 when these are receivabl¢ ex¢¢pt as follows: When donors specify that donations and grants given to the charity must be used in future accounting period& the inwme is defeed until those periods. When donors impose Conditions whicli have to be fulfllled before the Charity becomes entitled to Use Such income, the incom¢ is def¢rred and not in¢luded in incoming resources until the pre-conditions for have been met. When donoi'5 specify that donations and grants are for particular restricted purpose5. whicli do not amount to pre-conditioths regarding entitlement, this inGotnE 15 included in incoming resources of r¢stricted funds when receivable. M¢mbeT8hip due4 advertising and publishiti8 royalties Income from membcr5hip diies. advertising atjd publishing royaltie5 art included in the SOFA when the charity is legally ¢ntitled to the income and ihe amount can be quantified with r¢950nable a¢¢ura¢y. Ins1¢t income Investment incotne. including interest re]vable, is included when receivable by ihe Charity. Project fncome IncoTne from projects is recognised on an accruals basis as the work on that project pro8re55e5. c) Resources expended Resources ¢xpended are includelt in the SOFA on an a¢¢ruals basis. Certain expenditure is directly 8ttr1btableItr specific activities and has been included in those cost Categories. Shared and indirect costs are apportioned on the basis of staff time and ihe number offvii.time equivalent staff. Cost5 which are atiributsble to more than one activity, are apportioned a¢ross cost categories on the basi5 ofall estimate of the proportion of time speni by staff on those activities. Fundraising Costs arethose costs inGurred in seekin8 voliintary contributions and publi¢ity costs associated with raL5ing the profile of the charity. Govemance Costs are those incurred in connection with ¢nabling the company io Comply with external regulation. c4)nstitution and statutory requirements and in providing support to the trustees in the dL5charg¢ of th¢ir statutory duties. 21
WORID OBBSITY FBDBIL4TION NOTES TO THE FINANCIAL STATEMENIB (continued) FORIHB YEAR BNDED 31 DECEMBER 2021 ACCOUNfING POLICIES (continued) d) Tall8ible fjxed assets All assets purchased for over £350 will be Capitalised. Depreciation is provid¢d on all tangibl¢ fixed assets at rate5 calculated Éo write off the cost of each a55et over its expected use1 economic life ai the following Faies-. Fixtures. fjttings and equipm¢nl COmpur equipment 25% & 33010 r¢du¢ing balance 25¥D & 330/0 reducing balan¢£ e) Jnvestsnents Investments are stated at m&rket value at the balance Sheet date. The SOFA includesthe net gain5 and losses arisingon revaluatitsns and disposals throughout the year. Pensions Th¢ charity operates a defined contribution scheme for the benefit of its employees. The costs of Contributions are to the income and expenditure account in the year they are payable. charged Financ¢ attd oper4th8 le¢8 Rentals payable under oper*iing leases are charges to the SOFA as incurred over th¢ term of rhe lease. h) Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities are retranslated ai the raie of exchange ruling at thc balance sheet dat¢. All differences ar¢ taken to the SOFA. General funds are unrestri¢ted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for oth¢r purposes. DesigRated ndS comprise unrestricied funds that have been set aside by the TrLislees for particular purp05¢5. Th¢ aim and usc of each designated fund ig set out in the notes to the financial Staternents. Restrict¢d funds are fvnds whi¢h are to be used in accordance with specific restrictions imposed by donors whi¢h hav¢ been raised by the compRny for particular Purposes. The cost of raising and administering such funds are cliarged agaillst the specifi¢ fund. Th¢ aim and us¢ of ¢a¢h restiicted rtd is set out in the notes to the financial statements. i) CriticAI Aceountitig Jud8em¢nts and Key Source5 of Estimation Un¢wtsinty In the appli¢ation of th¢ Charity's accounting policies which are described above, trustees are required to make judgements, estimates and a5sumption5 about the carrying values of assets and liabilitTes that are not readily apparent from other sources. The estimates and underlying assumpiions are bed on historical experience and other fa¢tOTS that are considered to be relevanL Actual results may differ froTll these e5timate5. The estimales and underlying a5suniptions are reviewed on an ongoing basis. Revisions to acc4)unting estimates are recognised in the period in wl?ich the estimate is revised if the revision affects only that period. or in the period of revision and future periods if the revision affe¢ts both current and future pei'iods. Th¢ key sour¢es of estimation uncertainty that have a significant effect on the amounts recognised in the financial statement5 are described below.. Depreciation Assets are wryitten down over th¢ir estimat¢d useful lives. The actual lives of the assets may differ from those ¢stimat¢s. The lives of the assets are kept under review and adjusted as appropriate. 22
WORLD OBBsrrY FEDERATION NOTES TO THE FINANCIAL STATEMEwfs (continued) FOR THBYEARENDED 31 DECEMBER 2021 voLUAlly INCOMB R¢strict¢d Ullrestricted T¢)tai Total funds Funds Funds 2021 2020 Donations 60,132 60,132 553 £60.132 £60,132 £553 ACTIV[s FOR GENERATrIG FLftr4DS Restricted Unr&strithd Total funds 2021 Totsl fiinds 2020 Publishing royalties Other income 277,195 277,195 386,452 I16 £277,197 £277.197 £386,568 TOTAL RESOURCES EXPENDED Staff Costs Direct Costs sOrt Totsl Costs Totsi Co3ts Costs 2021 2021 2020 Membership Policy Education Research Voluntary income 20.584 68,907 335,111 216,008 127.100 565 168.95 1 533.956 334,752 239,902 26,421 52,842 232,504 132,104 54,547 47.570 290,700 1,101,571 682.864 451.549 21,788 310,339 820,883 781,868 329,133 £767,710 £1,278,126 £528.418 £2,574,254 £2,264,011 SUPPORT COSTS COMPIUSE OF.. Totsl Cc 2021 Total Costs 2020 Membership Policy Education Research Voluntary Income 7,017 14,034 61.749 35,085 22.454 19,404 38,808 170,755 97.020 62,092 26.421 52.842 232.504 132,105 84,546 21,638 64,914 194.742 138,483 12,983 £140,339 £388,079 £528,418 £432,760 23
WORLD OBEsrrY FEDERATION NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEARENDED 31 DMBER 2021 T INCOMING RESOURCES FOR THE 2021 2020 This is stated thr ¢har8ln Depreciation L05s on di5PI)5al of fixed assets Auditors remuneration Operating l¢ase r¢ntals- Land and buildings Other 6,324 11.251 6,000 19,623 8,033 19.623 During the year, no Trustees received any benefits in kind (2020 - £Nil). During the year. l Truste¢ received reimbursement of expen5e5 of £15,031 12020- £15,690)- ST COS13 2021 2020 Staff costs were as follows: Wag¢5 and salaries Social security costs Pension costs 688,184 75,638 61,386 556.354 53,410 55.553 £825,208 £665,317 The number of employees Who etnoluments fell within the following bands was.. 2021 2020 £70,000- £80,000 £80.000- £90,000 The averagt number of emplgy¢¢s during 2021 was Ls follows.. Charity objective5 and projects trading activity Fundraising and publicity Manatsetnent and admini*ration 21 17 23 TAXATION The charitablc company is exempt from corporation tax as all its income is charitable and is applied for charitable purpose5. 24
WORLD OBESITY FEDERATION NOTES TO THE FINANCIAL STATEMBN13 (continued) FOR THE YEARBNDED 31 DECEMBER 2021 TANGIBIE FIXED ASSBTS At l January 2021 Addition5 Disp05aJ 40,075 4,273 At 31 December 2021 44,348 Depwlation At l January 2021 Charg¢ for the year Disposal 29.100 6,324 At 31 December 2021 35.424 Net Book Value At 31 December 2021 £8,924 At 31 December 2020 £10,976 DEBTORS 2021 2020 Due within one year Trade debtors Pr¢payments and accrued incorne Other debtors 350.606 293,459 331,815 230.467 £644,065 £562.282 25
WORLD OBEsrrY FBDBBATION NOIES TO THB FLNANCIAL STATBMBNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021 io. cREDORS.. amounts fallin8 du¢ within one year 2021 2020 Trade creditors Social Security and other tax¢5 VAT Other creditors A¢¢ruals and deferred income (see below) 51,288 19,899 63,392 7,031 1,590,028 88,084 13,054 36,812 4,760 2.648,541 £1,731,638 Lry,791,251 Pension contributions totalling £5,830 (2020: £4,676) were payRble at the year ertd artd are included within other creditors. DEFEBED INCOMB 2021 2020 Amounts brought forward Released in the year Deferred dvTing the year 2.414.583 2.211,167 (2,414,583) (2,211,167) I,570,251 2,414,583 Balance as at 31 tkcemb¢r 2021 £1.570.251 £2,414,583 Charity deferred incorne of £1.570,251 related to in¢ome r¢ceived in 2021 in advance of projects and tUre eonftTences. 11. STATEMENT OF FUNDS R¢strict&J Fut EUproJe¢ts." This part of the restricted fund5 is received from th¢ EU Commission for Carrying out reSeah related EU projects. Through collecting obesity related infomiation and Analysis, the projects assist the policy maker5 throughoul EuTOP¢ to implement appropriate obesiiy stratcgies. EU nOTmally only provides partial funding for the prOJt$ therefo¥e the remaining balances are covered by the World oblty F¢d¢ration's generdl funds. C8Pit&lFund.. This fund has been set up for the charity to build up funds to a4uire offiGe premi5e5 in the firture. However, WOF'S priority 15 to increas¢ its fre¢ reserve in order to support its charitable operations. SUNIMARY OF FUNDS Brougbt Incoming Resources Tr8nsfern C4TAed I(0Ut) Forward Unrestricted Funds 986,693 2.391,384 (2,263,893) 1,114.184 Restricted Funds 310.361 (310.361) Toial of Funds £986,693 £2.701.745 £(2,574.254) £1,114,184 26
WORLD OBESITY FEDERATION NOTES TO THE FINANCIAL STATEMBNTS (continued) FOR THB YBAR ENDED 31 DECEMBER 2021 12. Th¢ following paym¢nts are Committed io be paid within one yexr= Land al buildings 2021 2020 2021 2020 Vithin one year Between one and five years 52.289 52,116 52,116 £52289 £104,232 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS Fut Tangible fixed assets Investments Currenl assets Current liabilities 8,924 8,924 2,836.898 2.836,898 (1,731.638) (1,731.638) Net assets £l,Il4,184 £l.114,184 27
WORLD OBEsrrY PEDERATION NOTES TO THE FINANCIAL STATEfvIENTS (contlnued) FOR THE YEARENDBD 31 DECEMBER 2021 14. Compfir&tive forthe SOFA 2020 Totsl Funds INCOMtNG RESOURCBS Not¢s DonatjOll5 and legacies Artiviti¢5 for g¢neratiDg fjj1. Congres5 and Events Royalties and other income 553 553 386,452 386.452 Investment income Jn¢orningr¢sources from Charitable A¢tiviti¢s: Policy Edu¢alion Research Memb¢Tship 301,454 936.950 500,500 7,783 301.454 936.950 623,342 7,783 122,842 TotAi incomin8resources 122,842 2,133,808 2,256,650 RESOURCES EXPENDED Costs of genernting fLU Voluntary tncome 329.133 329,133 329,133 329,133 Ch8ritsbl¢ ¥tÈvitles: Policy Membership Service5 Edu¢ation ReseaTch 310.339 21,758 820,883 659.0?6 310,339 21,788 820,883 731,868 122.842 Total chftritsble expenditure 122.842 1,812,036 1,934.878 122,842 2,141,169 2,264,011 Net incoming Sou¢S beforetraTk5fers (7,361) (7,361) Trdnsfers between fid5 (8.32]) 8,321 (8.321) 960 17,3611 Fund5 at l January 8,321 985,733 994,054 Funds at 31 December 986.693 986,693 28