WORLD OBESITY FEDERATION (A Compai)y linlited by guaraiilee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED31 DECEMBER2024 Conipaijy No: 03802726 Charily Iyo: 1076981
CONTENTS Pages Legal and adininistralive infonmation Ti'ustees, report 2-12 Independent aiidilors. report 13-15 Statenienl of Financial Activities 16 Balance sheet 17 Cash Floiv Stateii)ent Notes forining part of the financial statements 19-26
WORLD OBESITY FEDERATION LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Dr Bruno Halpem (President-Elect). Professor Louise Baur (Pasi President). Professor Jason Halford (Treasurer) Professor Karine Clement. Resigned 1st March 2025 Dr Kyoiing-Kon Kim. Dr Ada Cuevas. Ms Ainber Huett Garcia. Mr Stephen Odhiainbo Ogiveno. Professor Dieler Kcnl Biise. Appoinled 15 February 2024 Professor Nick finer. Appointed 17 July 2024 Professor Volkan Yuinuk. Appointed 17 July 2024 Professor Fabio Trujhilo. Appointed 13 F¢briiary 2025 Professor John Wilding (Past President). Resigned 17 July 2024 Professor Caroline Apovian (Treasurer). Re5igiied 17 Jiily 2024 Dr Donna Ryan. Resigned 17 JLily 2024 Professor Alafia Sainuels - Resigned 15 February 2024 Mr Adain Mccorinack - Resigned 13 February 2025 Dr Elizabeth Parks- Resigned 31 December 2024 Ms Karcii ,8ealcy - appoinlLd l March 2025 Chair Dr Sijnon Barquera (President) Secretary Mrs Johanna Ralston CEO Mrs Jolianiia Ralstoii ConipAiiy Registered Niimber 03802726 Cliai'ity Registered Nuiii ber 1076981 Auijitors Xeinadin Audit LTmited Cl)artered Accounlanls aTtd Slaliilory Audilors Nightingale House, 46-48 East Si, Ep501n KTI 7 1 HQ Prliiclpal Office Addre55 3 Waterhoiise Square 138- 142 Holborn London ECIN 2SW Pj'ijieipal Ilaiiker HSBC Bank 15(Fl 57 Tottenham Coiirt Road London Wl P 9LJ Solicitors Penningions Solicitors LLP da Vinci Hoiise, Basiiig Vieiv Basingsloke Hampshi RG214EQ The tnislees have prepared this report and financial slalcinenls in accordance ivith the UK Coinpanies Act 2006, the UK Charities Act 201 l and the Stateinenl of Recoinmcndd Practice: Accoiinling 11nd Reporting b), Charities (FRS102)
WORLD OBESITY FEDERATION TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Dear colleagues On behalf of the World Obesity Federation. I aRn pleased io present our annual report for 2024. The global challenge of obesity continues to deinand iirgent and coordinated action. Despite coniiiiitinents to halt the rise in obesity, progress reinains sloiv, arid millions Conliniie lo face the health consequences of inadequate preveiilion and cal'e. Hoivever. 2024 ivas a year of Inomentuin-one in ivhich the collective efforts of our Jneinbers, pai'tners, and ¢omRnunity led to meaningful progress in reshaping policies, an)plifying voic¢s, and driving ¢vidence-based action. Throiighout the year, Ive advanced oiir Inission througl) advocacy* research, and collaboration. World Obesity Day 2024 saiv unprecedented engageinei)t, Ivilh a canipaign higliligliiing ihe inters¢clions betsveen obesity and broader health challenges, helping to shift narratives and encourage systemic change. Our partnerships ivith ihe WHO, UNICEF, and other global organizations reinforced the urgency of addressing obesity as a priority heallli issue. The Inieriiatioiial Congress on Obesity 2024, held in Slo Paiilo, broiight logell)er experts froin arouiid the ivorld to sliare Il)e latest science, policy strategies. and clinical approaches. The conference reinforced the need for ii1iilti-sectoi.al solutions and slronger inlegralion of obesity inlo global health fraineivorks. Oiir education and data inilialives expanded fiirther, iyith increased partietpalion in SCOPE training and record engagement Iviih the Global Obesity Observatory, Ivhich noiv serves as a vital resource for policyinakers and researchers ivorldivide. Visits to our Global Obesiiy Observatory in 2024 reached over 2.4 inillion and a slaggering increase of over a million visits froiii 2023, Ivith iYebsil¢ iisers rising to over 800k, Ivith visitors froii) niore than 230 countries, islands and territories. At the heart of all our ivork is oiir groiving neiivork of Ineinbers. In 2024, Ive iyelcoined 12 neiv meinber organizalions, bi'inging our lotsl to 109 across 125 ¢oiinlrie5 and teilorIeS. We also saiv leadersliip Iransilions iyilliin oiir governance, Iviih a neiv President, Presidenl-elect, and regional represeiitalives taking on key roles to help giiide our sli'ategy forivnrd. We also secured a neiy coiitract iviili our publishers, Wiley, for our journal portfolio. This has secui'ed a significant IT)crease in guaranteed incoine froiii tlie journa15 for the organisalion for the coming years. As lye look ahead to 2025 and beyond, ive relaIn cominitted to advancing a coii)prehensive, evidence-based Approael) to obesity tliat prioritizes prevention, trealinent, and the lived experiences of those affecied. Our neiv Iliite-year slrategi¢ plan, laiinchii)g iii January, Ivill focus on slrenglhening nattonal action. addressing sysleini¢ barriers, and eiisuring obesity A'eii)ains a centi'al issue on the global health agenda. l exlei?d iny sincere grdtitiide lo our Board Inembers, volunteers, Ineiiibers, aiid staff. Your dedication continues lo drive progress and impact in oui. shared niission. Sinr¢rely> Slnioii ljai'quera, President
WORLD OBESITY FEDERATION TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Legal status of the World Obesity, Federation Tli¢ World Obesity Federation (hereinafter World Obesity) Ivas incorporated in ihe Uniled Kingdojn on 8 Jiily 1999 and is a private cojnpany liniiled by guarantee (company regislralion niimber 03802726). Woi'ld Obesity is governed by ils Meinorandum and Articles of Association, as updated most recently on 12 July 2023.World Obesity is a registered charity (charity nuinber 1076981) and is not einpoivei'ed io make financial distribulions to ils members. Strategic goals In line iyith ils professional Ineinbership and its charitable slalus, World Obesity airns to lead and drive global efforts lo rediice, prevent and treat obesity. World Obesity's vision is lo create and 1¢4td o global coininunity of organisalions dedicated to solving Ihe problems of obesity. The strategic goals of World Obesity are: Lead global advocacy for obesity. Conven¢ slakehold¢rs globally. Train and biiild capacity in obesity. Colle¢1 aiid disseininate knoivledge on obesity. Activities and aehievements A ivide raiige of activities are undertaken to support the slraiegi¢ goals, including,, Menibership Global policy developinent and advocacy Convening leaders and experts World Obesity Day World Obesity Day Atlas Clinical Ediicatioii (SCOPE) Middle East and Nonli Africa Working Group Collecting and disseininaling knoivledge on obesity Joiimals Global Obesity Observalory Fiirther delails on each of these activity areas are provided beloiv: Membei'ship Woi'ld Obesity Federation has a reinit of represenling ils meinbers il)roiighout tlie ivorld, advocating for scientific and global approaches to obesity maiiagemenl, treatment, patient care> pr¢vention aiid aivareiiess. A lolal of12 neiv organisalions joined World Obesity in 2024, folloiving a successftil application process ai)d approval by the Board of Trustees aiid 2 Associal¢ Members were Ungraded lo ftill ii)einbership. Seven
WORLD OBESITY FEDERATION TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 of these applications ivere accepted at the Full Member grade, Ivith the ren)aining applications being approved as Associate Meinbers. A furtller 4 appltcalions iyere rejected by the revieiving bodies. World Obesily's rteiv inei))bers in 2024 ivere: Soiilh African Metabolic Medicine and Surgery Society (SAMMSS) - Associale Meinber,. Associalion foi. Ilie Figlii Against Ob¢sity (ALCO) Costa Rica - Associale Member, Italian Baroinelei. Diabetes Observatory Foiindalion (IBDO), Italy - Associate Meinber, Coalition of NGOS in Nutrition and Food Seclirity - Full Meinber, Society for Korea Obesity and Metabolisin Studies (SOMS) - Full Meinber, Healii)y Weigl)I Association, Fii)land - Fiill Meinber, China Obesits. Federation (COF) - Associate Mei)Iber. Bangladesh Eildocrinc Society (BES) - Associate Member. Slovak Obesity Association - Fiill Meinber. Costa Rican Association of Melabolisin (ACOMET) - Associate Meinber, Balirain Diabetes Society (BDS) - Full Meinber. Health Care Associatioii of Nepal (HCAN) - Associate Meinber, There are foiir regional organisalions ivitl) a1]latIOn lo World Obesity: Ihe Asia Oceania Associalion for Ihe Sliidy ofobesily (AOASO), the ELiropean Associalion for the Snidy ofobesity (EASO), Ihe Latin Aiiierican Federation of Obesity So¢Aelies {FLASO) and The Obesity Society (TOS) representing Noi1h Aiiierica. Work is underivay to also establish a Middle East regional association (MENA), Ivhich ivill also be affiliated to World Obesity. At the end of 2024, WOF could count on 109 member organisaiions over Iliree grades (76 Full Meinbers, 29 Associate Menibers, 4 R¢gional). These organisalions iyere active in Inany of the areas proinoled by World Obesity Federalioii for Ineinbers, incliiding SCOPE training, convening (via oiiline and soine physie81 Ineelings), participation iii WHO processes, and obesity data, The benefits of being part of WOF inclLide opporlunilies 10 nelivork and share resources and experiences ¥vilh felloiy professionals, palienls, advocates aiid allics froiii all over the iyorld as ivell as tiiformalion sharing, participating in events and I'ouiidiables, aiid ad hoc siipport. Other specific benefits incliide: Discoiinled registration fees lo World Obesity events and the International Congress on Obesity (ICO) Discoiinled siibscfipiion rates on the World Obesity journals World Obesity's International Aiyards for Scientific Excellence Invitation to atteiid our Annual General Meeliiig {Asso¢iate iiieiiibers in o 11011-voting capacity) Ac¢es510 inlernalional policie5, project updates and stalislics on obesity via Ilie World Obesity Data Portal 500/0 discolinl on payiyalled SCOPE E-Learning coiirses and 250/0 discount on the SCOPE Accrediiaiion fee foi. Inetiibei's as ivell as access lo SCOPE Schools Meinbers e-neii'sletters and ivebin4rs 200/0 Discoiinl oil Wiley piibli¢alions and 15Yo discoiint on medical books from wisepress.com Invilalioi) to bid for holding regional and international World Obesity Confereii¢es Leading global advocacy foi. obesity Tlie road to tlie Fourtli UN High-level Meeting on Non-comiiiunicable Diseases (NCDS) in 2025 15 fiilly ui)denvay and Iliis ycar iye've leveraged advocacy opportunilies at seveial UN fora lo help ensiire obesity is a priority in th¢ global health agenda. Workiiig ivill) WHO and UNICEF, our parlners in the Global Obesity Coalition, the team has convened high-level events and is helping Inobili5e civil society lo siipport the WHO Acceleratioii Plan lo Stop Obesity by laiinching a global coiiiinuiiity of practice. Global policy development an(1 advocacy World Obesity's advocecy priorilies continiie lo be fociised on the recognition of obesity as boil) risk factor and disease. aiid tlie need io priorilise obesity ivilhin healtli systems and food systeins. Iii oiir capacity as a
WORLD OBESITY FEDERATION TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 non-state actor in olcIal Telation5 Ivith WHO, World Obesity staff and inembers participated in a number of high-level rneelings ihroiighoiit 2024. In Janiiary, World Obesity participated in the Executive Board contributing io disciissions on key agenda iteiiis, including on Universal Health Coverage and social participation to accelerate progress loivards it, Malernal and infant h¢alih and niitrilion. Cliinate change and health, and leveraging the poiv¢r of sport for iInpi'oved liealth and iyell-being. In addition, Ive also participated ii) a constilLiency slateinenl for NCDS, as Ivell as a joint slaleinent for malemal, infant and yoiing cliild nutrilion. Tlie World Obesity leam joined our Inen)bers and felloiv health organisations at the 77tli World Health Asseinbly (WHA) in G¢iieva diiring May to progress aclion on obesity. We participated in a high-level event aroiTnd the WHO Acceleraiion Plan to Stop Obesity eo-hosled by the Ministers of Health fi'oin Spain and Jordan. We also co-hosted an event iyiih partners on the digital markeiin8 of breaslniilk substitules, Ivhich is iii dire need of regiilalion. To fLllther l)ighliElil the need to address obesiry and cardionietabolic disease together, Ive co-hosted a side event ivith World Heart Federation on health systems preparedness to address both global health clialleiiges including speakers fyotii Ii)dia, Ghana and the UK. The leain also look parl in the li)lemalioi)al Dialogue oil Sustainable Financing for NCDS aiid Mental Healtli, joining participanls froiii governiiients, civil society. acadeinia and philanthropies in Washington, DC in Jline, al the ineeling co-liosted by WHO and Ihe World Bank. OBCT 111 2023 ive iyere involved in a successfiil bid for Ilie involveinenl in a neiv EU Horizon-fiinded pi'oj¢cl Obesity.. Biological, SocioaCiiltLiral, and Environmenlal Risk I rajectorie5 (OBCT). The project ivill advance the ciirrent understanding of obesity risks and predictors arid Ihe role of 50CiO- econoinic status across the life coiirse. It ivill also determine the importance of specific obesity-i'elated bel)avioiirs lo prevent obesity at k.ey lif¢ slages, characlerise obesity-related cardio-Iiielabolic risk pi'ofiles Ivithin repre5¢nlative EU coiintrie5 and delermine Ilie polential iinpact of obesity-i'elated policies on ineqiiality. The goal is lo provide health professioi)als, policyiiiakers and the piiblic ivilh knosvledge, Inaps and tools to support effective and sustainable prevenlion of obesity, particularly ivithin people and coininunities iviih a loiy socio-economic slaliis. The project started in Noveinber 2023 and is expected to be coii)pleled in 2028. The key deliverable foi. 2024 Il'as tl)e preparation aiid distribution of the Dissemiiialion, Exploilation and Coinii?Iiiiicalion Strategy, Operational Plan and Slaiidard Practices (DEC Plan) Tlii5 plan ivas delivered iii full and 01) liine. The coiniiiiinications department is J'esponsible for lh¢ social Inedia updales aiid Jieii'sleller di51ributioI). World Obesity Day The goal of the 2024 campaign ivas lo leverage the poiver of World Obesity Day to Start cros5-¢111ling conversations, by lalking aboiil 'Obesiiy and We focused on tliree pillars of health, youth and our ivorld to address obesity together. Tliis ignited coi)versations around hujidreds of related topics- diabetes and cardiovasciilar disease, iyoineii ai)d cliildren, healili systenis aiid food sysleins. lo Jiame a feiv - and cominiinilies rallied all over the ivorld. Key highliglits included Ihe first year of 'Walk for WOD, and monunient and biiilding illuininalions around ille ivorld.
WORLD OBESITY FEDERATION TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 events led by WHO and UNICEF" publication of the neiv Lancet-WHO data on obesity. The campaign ivas a huge success iviih a press reach of 6.2 billion and 199 countries vi51ting our World Obesity Day ivebsite. Convening obesity stakeholders globally This World Obesity Day on 4 March, the Global Obesity Coalition hosted a global youth-led ivebinar to unlock conversations arouiid holy obesity affects the lives of young peopl¢ around the iyorld and Ili¢ conci'ete chang¢ they are both leading and deinanding. Our event brought together alinost 300 participants and included youth voices froin Barbados, Souih Africa, Jordan, Philippines, USA, UK and Brazil. The Inlernalional Congresson Obesity is World Obesity's flagsliip congress, held every 2 years. This year Ihe event look place in sao Paulo, Brazil froin 26-29 June. Partnering Iviil) our Ineinbers, The Brazilian Associalion for the StLidy of Obesity and Metabolic Syndroiiie (ABESO), Il)e gatlleriiig in sao Paulo brought together over 3,000 attendees (online and in-person) froiii all around the Ivorld. World Obesity representatives attended and participated in a nui)Iber of events ivilh Ineiiibers and obesity slakeliold¢r5 at the 79th United Nations General Asseiiibly (UNGA 79) held in Neiv York Iliis Sepiciiiber. We liighlighied the urgency of iaking colleclive aclion lo slein the lide of rising NCDS as lye counl doivn lo tlie Fourili Higli-level Meeling of the United Nations General Asseinbly 011 the Prevenlion arid Conti'ol of NCDS and Meiilal Healil) in 2025. The Global Obesity Coalition co-hosted a side event oil acceleraliiig the response lo the obesily epideimic diiring ivhich Ihe Vice-minisler of Health for Kazakhstan einpliasised lioiy tlie SDGS ivill be aliiiosl iinpossible to achieve if obesity is not addressed. The event broiighi logeilier WHO, WOF and UNICEF senior leadership, lived experience, and innovative policies discussion froin the US, Brazil, Kazaklislan, Uruguay, Nigeria, and NCD advocales froiii around the globe. Clliiical EdueAtlon (SCOPE) 9,867 neiv iiser a¢¢oiinls ivere created in 2024, of ivhi¢h 7,953 logged in at leasl once. (Nole: accounts are created for all attendees of SCOPE Accredited courses, of Ivliich a portion iyill iiot subsequently engag¢.) A total of 508 health professionals becaine SCOPE Certified in 2024. highlighting Ihe groiying global recognition of SCOPE Certification as the gold slandard for healthcare professionals. Thi5 year, our .%C'()IIF. stood out as a highlight, bringing together heallhcai'e professionals, reseai'chers, and advoc<iles across foiir key locations.. BrAzll, AustrAIIA, 11)e UAE, ai)d ChSnA. Eacl) event shoiycased experl-led sessions on the latest advaiiceinenls in obe5ily science and trealiiieiil. The School ill Brazil fociised on evidence-based obesity policies and skill developiiient in advocacy, iyliile Ilie Melbourne el'enl provided a platforni for interdisciplinary approaches to addr¢ssing the obesity crisis. li the UAE, the evenl alignd ivilh regional ne¢ds, exploring clinical approaches to obesity prevention and manageinenl. Beijing's SCOPE School, hosted in partnersliip iviih the China Obesity Federalion and Ilie Chinese Nuti'ilion Sociely. featured a compreh¢iisive agenda lailored to ilie iiniqiie clialleiiges of obesity care in China. Beijing allra¢l¢d n¢arly 250 participanls. further und¢rs¢oring the global deiiiand for SCOPE edLication. Atteiide¢ f¢edback in Brazil praised ihe event's inlerdisciplinary approach.. 'Tlieprogrfiiii Ivlls perfecl, iiiid briiigiiig iii professloiiolsfruiii ollier arens eiiriclied Ilie eveiil niiil allowed lis lo linlie n iieivperspeclliie. Fn 2024, SCOPE reinforced ils commilmenl to high-quality obesity education by aiyarding accreditalioji to 14 prograinines globally. Tliese courses, evalLiated by the World Obesity Federatioii's Clinical Care Coiniiiillee. represent best practices and Ihe latest evidence in obesity Inanageiiient. Highlights iiiclLide
WORLD OBESITY FEDERATION TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 international congre5se5. masler classes. and specialty courses from organisations such as the Association for the SILidy of Obesity. Universidad Iberoainericana, and the Singapore Association for Ilie Stiidy of Obesity. These accrediled programmes reflect SCOPE'S dedication to advancing obesity education to World Obesity meinbers. This year, Ive also honoured four exceptional healthcare prof¢ssionals iviih SCOPE Felloivships, the programine's highest accolade. Dr Georgia Argyrakopouloii and Dr Siavros Lialis frojn Greece, along iyiih Dr Sara Suliinan from the UAE, Ivere aivarded Inl¢rnalional Felloivships in recognition of their exeinplary contributions to obesity management on a global scale. Dr Franklin Abalos of Argentina received a National Felloiyship for his significant iinpacl ivithin his coiintry. These Felloivships reflect SCOPE'S coiniiiiliiieiit to celebraling and advancing excellence in the field of obesity care. In 2024. Ive introduced SCC)PF. Sessinns. a neiv ivebinar series designed to provide healthcare professionals Iviih accessible and ii)IpacifLII training in obesity Inanageinent. Each session contributes oiie SCOPE point loivard certification ivhile addressing key aspects of obesity care. Topics covered incliided the intersections of obesity ivilh sleep apiioea and womeii's health, Ivith iipcoining sessions focusing on cardioi'asciilAI' disellse. The series has been ivell-received, Iviih iiieinbers of ihe World Obesity Federation accessing sessions for frec, Ivhile non-lneiiibers benefii froin affordable pricing Options. We continued lo expand access to our Core Learning Paih (CLP), awardlng 1,000 scholfirslilps to hexltlicnre professioiinls in coiinlries siich as Australia, Brazil, China, France, Geriiiany, Iiidia, Italy, Korea, Kiiivail. Qalar, Saudi Arabia, South Africa, the UK, and the UAE. Tliese scholarships alloived parlicipanls lo iindertake the coiiiprehensive eight-modLile course, iyhich forins the foundation of SCOPE Certification and equips practitioners ivith the skills and knoivledge to Inanage obesity effectively. Middle EAst And North AfrleA (MENA) Worklng Group. World Obesity has been ivorking ivith obesity experts in the Middle East and North Africa {MENA) region for several years. Activities have inclLided iyork on paliei)t advocacy (iiicluding ilie developiiiei)l of the Paliei)I Poi'lal), several SCOPE Schools, Ivork ori the 'Gulf & Lebanon Regional Recoininendalioi)s' aiid n)ore recently, Ilie creation of the MENA Working Group. Tlle MENA Working Group ivas e51abli5hed at Ihe end of 2022 10 oversee Ilie developii)enl of a regional obesity association. Tlie Working Group is cliaired by Dr Sara Suliinan froin tlie UAE and co-cliaired by Dr Ebaa Al Ozairi froin Kiiivail. Tl)e Working Groiip held Ilie first MENA conference in conjuiiclion ivilh Ilie 6th UAE Ob¢sily Coiiference in Noveiiibei. 2024. The event iyas a siiccess iviil) over 600 attendees. At the conference, a planning ineeling Ivas held for 2025 activities and beyond. 2025 activities are expected to include a secoiid MENA conference and the official registration of the association. Collecting and disseminating kno)vledge on obesity Journnls World Obesity publish¢5 four scientific, peer-revieiyed joumals, each focusing on a different area of obe51ty researcli.. sysl¢inalic revieivs, paedialrics. clinical irealinent, and science and practice. The journals provide an excellent resourc¢ for those in the obesity field and raise ihe standing and reputation of World Obesity. Throughout 2024 negotiations took place ivith the incumbent publisher, Wiley, to agree a neiv contract for the journals portfolio. This iyas agreed and signed by the close of 2024 iyliich significantly iinproved financial terms for the Federation. The table beloiv shoivs the iinpacl of World Obesity's three subscription-based journals in recent years:
WORLD OBESITY FEDERATION TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 2019 8.192 2020 7.310 2021 9.213 2022 10.867 2023 2024 Obesity Revieivs (Impact Fa¢tor Pediatric Obesity (Impact Factor Clinical Obesity (Predicled act Factor to 2022 Obesi Science and Practic¢ 3.713 3.429 4.000 3.910 2.6 4.0 2.529 *2.993 N.B.' ipi 2023 (foi. Ilie 2022 IF) Clariiiale niade ilie decisiopi lo sliorleii ilie Inipact Factor lojusl oiie decinial place. Obesity Revieiys continLied io be the highest ranked obesity jounial by Inipact Factor aiid wa5 the 14111 highest ranked in ihe Endocrinology & Melabolism field, out of 187 (source: Clarivate Joiirnal Citation Reports). Tivelve standard issiies of the jOUTnal ivere piiblished tliroiighoiil 2024. Èn addition lo I suppleinentary issue linked lo the Iniernational CongTess on 0Sity. Tiyelve issiies of Pedialric Obesity iyere published in 2024, including one Special Issue on Pedialic Obesity Treatinenl. Pediatric Obesity ivas ihe 38tli highe5t-raiiked journal out of186 in the field of Pedialrics {sour¢e: Clarivatc Journal Cilalion Reporls). Six issiie5 of Clinical Obesily ivere piiblished throiighoul the year. Clinical Obesity received its secoiid Impacl Factor in the suinmer of 2024 (for Ilie year 2023), of 2.2. Obesity Science and Practice, the open access journal co-oivned iviih Tlie Obesity Society, published six issues Ihroiigl)oiit Ihe year. Tlie journal received its second Impa¢1 factor in ihe suiiiiner of 2024 (foi. Ilie year 2023), of1.9. Global Obesity Observalory During 2024, the Global Obesity Observatory had several key developinenls and saiy another significant inci'ease in iisage, Iviih over 830,000 users and over 2.4 inillion page vieivs. These developnienls iiicluded: • Coinprel)ensive global data updates including obesity prevalence, obesity-related drivers and oinorbidilies. Presentation Inaps- key Inaps updated and available for doiynload. • Uiider 5 data added for the first tiine, availabl¢ on ihe inleractive map, tlie overvieiy pages and presentation Inaps. Woi'k to iipdate the dala ivitliin tl)e database is Coiilinuous. Over the course of 2024 the data ¢¢aiii added over 100 iipdates. Data is noiv available in over 230 countries, terrilories or Jslands. Chllritable objectives of World Obesity World Ob¢sity is registered in tl?e Uniled Kiiigdoin. World Obe5ity'S charitable objectives are "lo pi'oiiiole Ilie pi'eseiiialioii ClRidpi'olecliopi of liealili uiid rfflief of5ickiies5foi' Ilie piiblic beiiefil iii iliefield ofobesiQ' aijd ils I'elaled disoi'dei's bj, (i) pi'onioliiig i'e5eai-cli. Ilie disseiiiiiialioii ofii7e resiilis ofsiicli i'eseni'cli, aiid g.Icliaiig¢ of scieiilific iiifoi'llialioii iii ilie field of obesilji iiifeYiialioiiallJ'. (li) developiiig n deepei. iiiidej'sloiidipig oflioii, lo ac111e aiidiiiaiiilaiii a liealilij, botfj4iieiglil, aiid maiiagiiig oiidpi'eijepilipig obesilj, aiid ils i'elaled coiidilioiis bjj iliose eiigaged iii ilie sliidJ7 ofobesity. liealilicare pi'ofessioiiols, liealili i'eloled oigoiiisalioiis, goipeiiiineiils apid ilie iiileriialioiial comniiiiiilj,
WORLD OBESITY FEDERATION TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Piiblic benefit World Obesity's activities conlinue to give identifiable ben¢fits lo ihe piiblic. Tlie trustees confirm thal tl)ey liave coinplied ivith dLIty under section 17 of ihe Charities Act 2011 to have due regard lo the Charity Coininission's general guidance on public benefit and seek to meet World Obesity's charitable purposes in folloiving its objectives. Structui'ey governance and management The Trus¢¢es (Board of Trustees) The directors of the company are also trustees of the charity for the purpose of charity laiv. and. under the Articles of Association, are also knoivn as meinbers of the Board of Trustees. The President-Elect is elected by the General Coiincil lo seTve a terni of six years in total: tsyo years as President-Elect, Iwo yeai's as President and livo years as Past President. The TreasuTer is elected by ihe General Coiincil to liold office foi. livo years ivhicli can be reiieiyed for fi]rth¢r lenns of tsvo years. The Vice-Presidenls for each region Are elected by their respeciive regional bodies. When a lleiv tnistee is appointed, the charity ivill provide a copy of the Truslees Pack ivhicl) inclitdes infoyinalion on: role aiid responsibilities of a lrnstee. mission and objectives of the organisation. legal slattis and governance. • organisalional structiire and staffing. finance including expense claiiii rules. MeinorandLlln and Articles of Associaiion The Charity's ¢iirreiil Board is presenily ¢oii)prised of15 ineinbers. The Board is responsible foi. the sli'c legic direrlion and policies of the charity. Tl)e Board of Triistees Iiolds regular Ineetings and teleconference calls lo disciiss relevant issues and iiiake final decisions lo feed back lo the sub-coMI))iltees and task forces. Relevant senior slaff meinbers are invited io attend certain ineetings in order to facilitate operational d¢lails. The Board of TNslees, Ivith siipport from the relevant sub-coii)Initte¢s, ¢onsiders organisalional risk that Woi'ld Obesity may face, the strategic position and any dIleill11es the organisation iiiay liave in achieving ils goals. Pay for key mAnageinent personnel is revieived annually as part of Ihe budgetary process. This is then revi¢iv¢d by the board of Iruslees and any iiicreases in pay are agreed upon iyiihin triislee meetings. Reiniineralioii for key inanageinent is bejichmarked against tlie market and increases are ciirrently based on merit. Ceiiei'al eouiicll Tlie Board of Tru51ees has tlie poiyer to Jnake Tule5 and regiilations coiisislent ivitli the Articles of A55ocialioii aiid the Coinpanies Acls to govern the administration of the Federation. M¢inbers of World Obesity (Ilie General Council) are eiilitled to send one repr¢s¢nlative per meinber organi5alioii lo attend the General Meetings personally or by proxy, aiid to vote oil behalf of their organi5alion. NoiiiiiiatlOJ15 Coniinittee The Noininations Coinmittee consi51s of the President, the Pr¢sident-Elect, Ilie Past-Pre5ideiil aiid three co- opted Ineinbers, The Nojninations Coii)Initl¢e maiiage5 the noininalion process of tlie President-Elecl and the Tr¢asLir¢r. The Noiniiiation5 Committee reports directly io the Board of Trustees. Fiiianee Comniittee The Fii)ance Comii)itlee collates tlie yearly biidgets for approval by the Board of TTUStees and iiionitors the p¢i'fomiance against iliat biidgel during regiilar iiieetii)gs tlirougli the year. The Finance Coiniiiitlee also considers ihe finai)cial risk World Obesity Iiiay encounter aiid reconiineiid5 51rategie5 to initTrgate ony identified risk. The Finance Coiiitnittee reports directly to Ihe Board of Tjwstees.
WORLD OBESITY FEDERATION TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER2024 PiibllcAtioiis Comniittee The Piiblications CoIninittee manages the journal portfolio of World Obesity. The Publications Cornmittee Ineets at least tivice a year and fociis¢s on increasing the iiiipact of World Ob¢sity's journals, The Publications Coiniiiittee reports dir¢clly lo the Board of Truslees. Cliiiieal Care Commitlee The Clinical Care Coininillee focuses on ii)anageinent of Ilie charity's ediicalional prograinnies for healthcare professionals. The Clinical Care Coininittee I'eports direcily io the Board of Trustees. Polie). and Prei'enlioli Cojnmittee The Policy and Prevention Coinillittee focuses on public health policy and advocacy ivork. It is siipported in an advisory capacity by a Scientific and Tcclinical Advisory Nenvork (STAN) of 54 expell ineiiibers, inclilding 10 early-career professionals. The Policy and Prevention Cointijittee reports directly to the Board of Trusl¢es. Tlie Scientific Progi'ftninie And ICO Llalson Commlttee The Scientific Programiiie and ICO Liaisoii Coinmittee is currenlly donnanl. A iyorking group is currently being sel up in 2025 to consider a neiv reirAit for this committee. Mnnagenient The day-t&day Inaiiageiiient and decision inaking of World Obesity is delegated by the trustees to Ihe CEO. Eiiiployee pai'licipallon World Obesity is coininitted lo einployee engagein¢nl. A inolivaled and coiniiiitted teain ensures that all avenues to fiirther the ivork of World Obesity are explored. World Obesity iyorks l)ard lo proinole iiiteiiclioi) and Irusl beliveen Ihe leadership and einployees, and to proniole collabornlive relalionsl)ips Il)rough leaiii biiilding, cross-fiinclional projects and training. World Obesity seeks lo understai)d and appreciate different pei'speclives and to address employee con¢¢rns and issues, In addilion, World Obesity eiicoLirages, celebi'ates and recognises Ihe ¢xcellen¢e of Ihe leam and actively solicits einployee feedback and evalufiles and recoinineiids strat¢gies for iinproving employee engageinenl. Risk iiiAiiagenienl Using the risk register ivhich is revieived by the Trustees ai eacli quai1erly meeling, iiiAnAgeinenl has assessed the major risk5 lo iyhich World Obesity is exposed and has developed iiiilignting strategies to rediic¢ their iiiipact to an acceptable level: Risk Iiisiifficieiitly diversified sources of ncoine and Il)e ii))pact of losing one or niore soiirces of incoiiie Inadeqliate re5011rcing for major core activities ¢.g. ICO 26, World Obesily Day. Mili lion Res¢rves held lo cover one year's operatiilg expenditure of the cliarily, Fundin div¢rsifi¢alion ro rainiiie initialed in 2023 'Slepped' approach thal alloivs for scale of activities to increase if fuiidii)g becoines available. 10
WORLD OBESITY FEDERATION TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Going Coiicern The trustees have consid¢red ihe charity's ability io continue as a going concern to assure themselves of tlie validity of this assiimplion ivh¢n preparing the accounts. In making this assessinent, they have taken into account all available inforniation about tlie future for ai least tsvelve months from the dale the accounts are approved. Neiy fiinding has been won in 2024 and 2025 and Novo Nordisk are again siipporting World Obesity Federdtion but to a lesser degree. The Iriislees coniinue to believe that lh¢ Going Concern assuinption is appropriate for th¢ folloiying reasons.. Woi'ld Obesity is highly regarded iviihin the fffteld of obesity and the only obesity organisation in official relations iyfftlh WHO, Iviih slrong existing relationships Iviih Inany key fiinders iviil)in ihe sector. The Charity is engaging iyith these fuiiders to see if the), can help provide iminediate financial supporl. The prograinme World Obesity einbarked on during 2022 is noiv paying dividends. Costs al'e still belng tiglitly controll¢d Res¢rves Pollcy The trustees revi¢iv tlieir reserves policy ai)niially to ensure that it refl¢¢ls the changing posilion of the Charity and its operating coi)te.Yt. Triistees have considered Ilie folloiying faclors ivhen setting Iheir reserves level: World Obesity Federation is liighly regarded iyilhin obesity and the only obesity organisalion in Ol¢la1 I'elalions ii'ilh WHO, Ivitli strong existing relalionsliips iylili inany key funders ivithin the sector. The charity engaged ivith Iliese nde1'S lo see if tlley coiild pi'ovide support. Woi'ld Obesity had einbarked in 2022 on a prograinine of diversifying fiinding and increasiiig overall financing fi'oin governiiient and philaiithropy for ihe ivider obesity caiise. These efforts ivere intensified in 2023 oiiiyards and alil)ough this is a Inediuin-terii) strategy, the Iriislees believed there ivere significant opporliinities io siipport tlie organizalion, and this ivoiild a150 help to r¢diic¢ fLIILlI'e financial risk. An initial pi'ograin of Cosl reduction ivas iindertaken ivhile Jiiainlaiiiing delivery capacily. Trustee5 contil)Lied to inonitor filnding projections in order to contain Ihe deficit iyiiliin siislainable levels. Truslees believe tlial a iEtiirii to scale is possible Ivilhiii oiie-ttvo years. Ti'iistees believe that reserves should be sel at a level siifficient lo be enoiigl) to cover l years of il)e Cliarily's operating exp¢ns¢s, Based oli aiilicipated 2025 operating expendiiiire of £1.35111, Linresli'icled reserves of £985,444 as al 31 Deceiiiber 2024 are not in liiie iviili this approach. In light of Ilie disruplion lo a significanl fiinding relalionsliip in early 2023, triislees approved tlie leinporary rediicliot) of reserves iii order io pfoieet the Charity's operdlions in the sliort tei'in unlil additional fiinding is seciired. Aliliough Ti'iislees continiie to believe World Obesity is a Goiiig Concern, in line ivith the Charity Coininission's Teqiiii'¢inent Iliat any Cliarity should be able 10 di$501ve in ali orderly fashioii. Ihey have delennined that World Obesity F¢d¢i'alion slioiild retain a Iiiinimiiin level of iinrestricled reserves of £350k lo ensiire Ihis. Ti'1151ees are aivare Iliat having rediiced I'eserves beloiv Ihe level reqiiired by policy. Ihere ivill be a period of rebiiilding re5¢rv¢s. Tliis iiiay tlierefore liave a significant iinpacl on an orgaiiisation's unresiricled resoiir¢es foi. fiiture periods. Inveslinen¢ poli¢y Tlie trlislees pei'iodically revieiv Ilie policy for inve5ting11)e fund5 of the cliarity- It l)as been decided thal li) 11)e ciirreiil phase of the World Ob¢siiy fedeialion's developinenl, funds ii'ill be retained as casli io eiisure that the activities of the fedeiatioi) vill be adeqiialely funded. Monies ivill be piit on to I to 3 nionllis deposit. Fi(luciaYy I'esponsibilitie5 The ti'iislees, iylio are also directors of the World Obesity Federation for the piirposes of coii)pally laiv. al'e respoiisible foi. preparing ihe Triistees, report and the finaiicial slatenients accordanc¢ iyith applicable law and United KingdoI)i AccoLlI)ling Standards (Uniled Kiiigdoin Generally Accepted Accounliiig Practice). Coiiipan), laiv reqiiires the Irtislees to prepare fii)ancial slatemeiils for each finai)cial year ivhich give a true and fair vieiv of Ihe slate of affairs of the cliaritable coiiipany aiid Ilie group and of Ihe incoining resoijrces and application of i'esoiii'ces. iiicliidiJ)g the incoine and expeiiditure. of tlie cliarilable group for Ihal period. lil preparing these fiI)an¢ial statements, Ili¢ truslees are reqiiired to-
WORLD OBESITY FEDERATION TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Select suitable accounting policies and then apply them consistently. Observe the ineihods and principles in the Charities SORP. Make jiidgements and estiinates that are reasonable and prudent. Prepare Ihe financial statements on ihe going concern basis unless it is inappropriale to presiiiiie that the charilable oinpany Ivill continue in biisiness. The trustees are responsible for keeping proper accounling records that disclose ivith reasonable acciii'acy al any time of the financial position of the charitable coinpany and groiip and enable thein lo ensure ihat ihe financial slatei)ienls coinply ivith the Coinpanies Act 2006. They are also responsible for safegiiarding the a55els of the charilable coinpany and the groiip and hence for taking reasonable sleps for the prevenlion and detection of fraud and other irregularilies. The trustees are responsible for the niaintcnance and inlegrity of the cotporate and financial information iiicluded on the chai'ilable company's ivebsile. Legislation in the United Kingdoin governing the preparation and diss¢minatioii of financial stateinents iiiay differ from legislation in other jlirisdictions. In so far as ive are aivare.. Thei'e is no relevant aiidit infonllalioii of iyhich the charitable coinpany and group's auditor As unaivare; and The trnstees have taken all steps iliat Ihey oiight to have taken lo make theins¢lves aivare of any relevant audit information and lo establish tl)at the auditor is aivare of Ihat inforinalion. FiiiAiieiAI Ovei'vlew Al the end of the year lo 31 Deceinber2024 11)e tolftl fiinds of ihe charitable group ivere £985,444. The ove1711 posilion of the charity has changed from £861,394 in 2023 10 £985,444 in 2024. The n¢t positioii for the charity ivas a surplus of £124,050 in 2024 coiiipfired to a deficit of £262,172 in 2023. Al Il)e end of the year a revieiv of our reserve5 iyas ujidertaken. This resulied in a lotal free reserve (excluding net book valiie of fixed assets and designated filnds) of £985,444 at the year end. Tlie principal income sources for the charity in 2024 iyere a$ folloiys: Eiiropean Coininission and UK Governinent Innovate Joiirnals 20,126 271,684 702,803 90,291 Clinical Ediicalion (SCOPE) Research Meiiibersliip and Donations Events aiid ICO 24 255,418 748,191 12
WORLD OBESITY FEDERATION AUDITOR REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Report of tlie Indepeiident Auditors to the Members ofthe World Obeslty FederalSon (RegisteJ'e(J number: 03802726) Opinion We have audited the financial sialemenls of World Obesity Federation (the'charitable company,) for the yeor ended 31 Deceimber 2024 ivhich coinprtse tlie Siaieinent of Financial Activities, the Balance Sheet, the Cash Floiv Stateinent and notes to ilje finaiicial stateinents. including a sunimary of significant accoiinting policies. The financial reporting fraineivork that has been applied in their preparaiion is applicable laiv and United Kingdoiii Accoiinling Slandai'ds (United Kingdom Generally Accepted Accoiinting Practice). In our opinion the financial slatemenls: give a true and fair vieiv of the stale of the cliaritable con)pany's affairs as #t 31 Deeeinber 2024 and of ils incoining resoiirces and applicaiion of resoiirees. including ils incoii)e and eYpendittir¢, foi. the year Ilien ended. have been properly prepared in accordance ivith United Kingdoin Gejierally Accepted Accounling Pra¢tice' and have beeii prepared iii accordance ivith the reqiiireinents of the Companies Act 2006. Basis foi. opiiiion We condiicted our audit in accordance ivith International Standards on Aiidiling (UK) (ISAS (UK)) and applicable laiv. Oui. responsibilities under those standards are fiirther described in the Auditors, responsibilities for the audit of tlie financial stateineiils section of our r¢porl. We are independent of the charitable COlTipany in a¢coi'dai)¢e ivilh the elliical requir¢inenls (hal are relevant lo our audil of the financial staieinenls in tl)e UK. iiicluding Ilie FRC'S Elhicol Standard, and ive have flilfilltd our other eilii¢al responsibililies in accordance ii'ilh Ihese requireinenls. We believ¢ that the aiidil evidence ive have obtained is siiffi¢ieni and appropriate to provide a basis for our opinion. Conclusloiis I'elHtliig to golng concern. In aLidiling tlie financial stateiiienls, ive have concluded ihat the trustees, use of the gotng concern basis of accoiinting in tlie preparatioi) of the financial statements is appropriate. Based on the ivork ive have perforined, Ive have not identified any Inaterial un¢ertaintie$ relating to evenis or conditions tliat, individiially or collectively, may Cast significant doubt on Ihe cliarilable Coiiipany's ability to continiie as a goiiig Concern for a period oral lea51 tivelve Jnonllis froiii ivhen the financial stateinents are autliorised for i5SII¢. Oui. responsibilities and the responsibilities of ihe truslees iyiih respect to going concem are described in the relevaiil se¢lions of tliis report. Ollier infoi'matron Tlie trustees are responsible for the otlier infomiatTOn. The other iiiforination comprises the infornialion included in the Ai)niial Repoit, otlier tlian the financial statemen15 and our Report of the Independent Auditors thereoii. Oiir opinion on the financial staleinents does not cover lh¢ olh¢r information and, except to ilie extent otliei'iyise e.xplicitly stat¢d iii oiir report, Ive do not Cypress aiiy foiii) of assurdnce conclusion ihereon. In coniiection iyith oiir 8iidit of the financial statements, our responsibility IS to read tlie other iiifoniiatioii aiid, iii doing so, consider ivh¢iher ihe other infonnalioii is iiiaterially inconsistenl ivitli the financial stateiiieiils, oi. our knoivledge obtained in ihe aiidil or oiheri%'ise appears lo be malerially n)isstated. Jf ive ideiitify sucli inaterial inconsisl¢ncies or apparent material ii)isstatemenls, Ive are required to delerinine wlietlier 11)is gives I'ise lo a Inaterial Inisstateiiient iii the finaiicial slalemeiils themselves. If. based on the iyork ive l)ave perforliied, li'e 13
WORLD OBESITY FEDERATION AUDITOR REPORT FOR THL YEAR ENDED 31 DECEMBER 2024 conclude that there is a material misstatement of this other information, Ive are required to report that fact. We have nothing to report in ihis regard. Opinions oil other matters preseribed b), Ilie Compaiiies Act 2006 In our opinion, based on the ivork undertaken in lh¢ course of the aiidit: the inforination given in the Report of the Tru51ees for ihe financial year for iyhich the financial statements are prepared is con51Stent ivith Ihe financial slateinenls; and the Report of the Trustees has been prepared in accordance ivith applicable legal reqtiiremenls. MAtters oil ivhich we are required to report b), exeepiion. In the light of the knoivledge and iinderstanding of the chorilable company and ils environinent obtained in the coiirse of the aiidil, Ive have not identifled mat¢rial misstateiiienls in ihe Reporl of tl)e Trustees. We have nothing to report iii respect of the folloiving mallers ivhere the Companies Act 2006 requires us to report lo you if, in oiir opinion: adequate accounting records have not been kept or returns adequate for oiir audil have noi been received froin branches not visited by LIS. or the financial statements are not in agreeinenl iyith the accounting records and returns. or certain disclosiires of Irustees, reinunerallon specified by laiy ar¢ nol Inade. or lye have not received all the informaiion and explanalions ive require for our audit; or 11)e triistees ivere not entitled 10 lake advantage of ihe sinall coinpanies, exeii)Plion frojn the requireinei)I to prepare a Siraiegic Rcport or in preparing the Report of Ilie Trustees. Respoiisibilitles of ti'ustee$ As explained Inore fully in the Stateinenl of Tnislees, Respoiisibilities, the Iriislees (Ivho are also Ilie directors of the ¢liaritable coinpany for the PLirposes of company laiv) are respoiisible for the preparation of the financial stateineiits and for being satisfied that tliey give a triie and fair vieiv, and for sucli internal conlrol As Ihe Irlislees delei'inine is necessary to enlible tlie preparation of financial statements Ihat are fr¢¢ from nialerial Jni5slaleinent, Ivlieiher diie to fi'aiid or error. In prepai'ing the financial staleii)enls, tlie irustees are Tesponsible for a5sessin8 Ihe charilable coinpaiiy's ability to continue as ll goiiig concei'n. disclosing. as applicable, Inatters relaled lo goiiig concern and iising tlie going coiicei'n basis ofaccolllltiiig Iiiiless the truste¢s eiiher intend to liqiiidale the charitable coinpan>i or lo cease operdtions, or have no realistic alternative but to do so. Oui. J'espoiisibilttie5 for tlie audit ol the finAiieihl statements Our objectives are to obtain reasonable assuraiice about ivlietlier Ihe financial statetiienls as a ivhole are free fi'oi Inatei'ial niisslaleinenl, Ivheiher diie lo fraud or error. and to issue a Report of Ihe Jndependenl Aiiditors Ihal incliides our opinioii. Reasonable assiirance is a high level of a5siirance but is iiol a guarantee tlial ali aiidil conducted in accordaiice ivith ISAS (UK) iyill nlivays delecl a iiialerial Jnisslatei)ieiil ivlieii il exis15. Misstateiiienls can ai'ise froin fi'aiid or error and are considered material if, individiially or iii the aggregate. Ihey coiild reasonably be expected lo infliience tlie ecoi)oinic decisions of users takeii oil Ilie basis of these financial statements. The exlenl to ivhich our procedures are capabl¢ of d¢l¢cling irregularities, including fraiid is detailed beloiv,. Identify and assess tlie risk of 171alerial Inisst8t¢inenl of th¢ financial slalements, Ivhether dLie to fi?Iid or error, design and perforiii audit procedures responsive to Ihose rtsks, and obtain audit evidence that is sufficient and appi'opriate to provide a basis for oiir opinion. The risk of not detecting a material i))isstatement resuliiilg fi'oiii fraiid is l)iglier Ihaii for one resulting froin error, as fraiid Inay iiivolve colliision, forgery, interktioi)al iiiissions. Jnisrepreseiilalions or the override of inlemal conlrol. 14
WORLD OBESITY FEDERATION AUDITOR REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Obtain an understanding of inlemal conlrol relevant lo the audil in order lo design audti procedures that are appropriate in the circuinstances, but not for tlie piirposes ofexpressing an opinion on the effectiveness of the conipany's internal control. Evaliiate Ilie appropriateness of accoiinting policies used and the rea50nableness of accounting estiinates and tlie related disclosiires inade by ihe directors, Concliide on Ilie approprialeness of Ihe dire¢lors' use of the going coiicern basis of accounting and, based on the audit evidence obtained, iylieiher a material iinc¢rlainty exists related to ev¢nt or condition5 that iiiay cast significant doubt on Ilie coinpany's ability lo continue as a going concern. If ive concliide that a material Iincertainty exists, Ive are required to draiv atteiitioii in our aiidilor's report lo the related disclosur¢ in the rinuncial 51al¢nien15 or, if such disclosiires are inadequate lo inodify oiir opinion. Our conclusions are based on the aiidil evidence obtained up to the dale of our auditorfs report. Hoiyever, fuiure events or conditions iT)ay alis¢ th¢ ¢ompany to cease to continue as a goii)g concern. Evaluate the overall pi'¢senlalion, slrii¢tiire and conlenl of Ihe financial slateiiients, including the disclosiii'es, and %vlieiher Ilie financial slaleiiienls represenl Ihe underlying Iransactions and events in a nianner that achieves fair presentation. A further dcscriplion of oiir responsibilities for the aiidil of the financial stateineiils is located on the Finai)cial Reporting Council's iyebsile al iviviv.frc.org.uklaiidilorsresponsibililies. This d¢s¢riplion forins part of oiir Report of the Independent Auditors. Use of our i'eport This report is Ingde solely to the ¢harilable conipany's meinbers, as a body, in accordance ivith Chapiei. 3 of Part16 of the Coii)panies Aci 2006. Oiir aiidil iyork has been underlaken so Ihat ive Inighl slate to tlie cliai'ilable coinpany's Ineiiibers Ihose inalters ive are reqiiired to stale to Ihein in an aiidilors, reporl and foi. 110 olher PLirpose. To the fullesl exlenl periiiilled by laiv, lye do not accept or assume responsibility to anyone other 11)ai) tlie charitable coinpan)i and the cliarilable coinpany's meiiibers as a body* for oiir audil ivork, for tliis report, oi. for the opiiiions ive have fornied. H M Day (Senior Sialiilory Auditor) for and on behalf of Xeinadin Audit Lirniled Cliartei'ed Accoiintaiils and Siatulory Auditors Niglilingale House 46-48 East St. KT17 IHQ 15
WORLD OBESITY FEDERATION STATEMENT OF FINANCIAL ACTIVITIES CHARITY (IneorporAtliig Ineome and Expenditui'e accouiit) FOR THE YEAR ENDED 31 DECEMBER 2024 Restricted UNre$lricted 2024 Total FndS 2023 Total Fuiids Funds Funds INCOINIING RESOURCES Inco*ilMg resources fyom generfited funds: Voliiiilary, liiconie DonAtion5 and lega¢i¢s Activities for Renerating fundj; Congress aiid Lvents Ro}paliics ¢?Iid oihcr inconie Investment ineonie Inv¢slii)enl ii)conie 205.039 205,039 68,458 748.191 271.684 748,191 271.684 271,607 6.899 6,899 liiefjniliig r¢$oiir¢e$ fi'om ChAriloble Activities: Policy Educ1¢ lion Re5e&rcli Meimbership 13,000 13.000 702,803 90.292 50,379 53.135 235,222 292,026 27.581 702,803 60,917 50,379 29,375 Total in¢oniing I'esources 42.375 2.045.912 2.088,287 948,030 RESOURCES EXPENDED Cos1$ of generfttliig fuiid$ VoliinlAry' income 364.978 364,978 346,471 364,978 364,978 346,471 CIIAI'llnble ncllvltlos: Poli¢), Men)bersliip S¢rYiees Educftlion 11.646 226.827 78,946 1.109,807 238,473 78,946 ,109,807 113,421 40,898 339.574 draftResear¢h 29.532 142.501 172.033 369,838 TolAI cliAritable expeiiilltiir¢ 41.178 1,558,081 1,599.259 863,731 Tolnl resources expeiided 41.178 1,923,059 1,964,237 1.210,202 Nel INeoniSn£ resour¢es before transfers 1,197 122.853 124,050 (262,1721 betw'een funds '1'rn115fers betm'cen luiids 12 (1,197) 1,197 N¢t IMoveEnei)t in funds 124,050 124.050 (262.172) Fiinds al l Jnnuary 12 861,394 861.394 ,123,566 Funds nt JI Deceniber 12 985,444 985.444 861,394 All of Il)e above resiills are derived froin continiiing activities. There ivere iio oil)er recognised gaiiis or losses otl)er tl)an Iliose slated above. Moveinents in fLinds ar¢ disclosed in note 12 to the financial sÉateii)ents. The notes oil pages 19 10 26 forni pai'l of these financial siateineiils. 16
WORLD OBESITY FEDERATION BALANCESHEET AS AT 31 DECEMBER 2024 2024 2023 Notes CURRENT ASSETS Debtors Cash at bank and in liand 570,127 1,747.037 646.591 757,210 2,317,164 1,403,801 CREDITORS: ainoiinls falling diie Ivithin one year 10 (1,331,720) (542,407) NET CURRENT ASSETS 985,444 861,394 NET ASSETS 985.444 861,394 FUNDS Reslricled funds Unrestricted flinds - general fiind 12 12 985,444 861,394 985,444 861,394 Tlie finaiicial statenients ivere Approved and Aiilhorised for issue by the Board of tlie Trustees on 41h June 2025 and ivei'e signed beloiv by: Triistee Pi'ofessor Jason Halford Tnisl¢e Dr Simon Barquera The iiotes on pages 19 to 26 fonn part of these financial slatemeiits. 17
WORLD OBESITY FEDERATION Company Number: 03802726 CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash floivs fi'oin operating activitie5 982,928 {502,039) Piirchase of tangible fjxed assets nt¢rest received (1,114) 6,899 Change in cash aiid cash eqliivalents in Ihe i'eporting period 989,827 (503,152) Cash and casli eqiiivalents at ihe beginiiing of the repoiting period 757,210 1,260,362 Cash and cash equivalents al Ihe end of the reporting period 1747 037 757210 Net ii)coinelexpenditure for Ihe reporting period (as per the slaleineilt or rinancial activities) 124,050 (262,172) Adjiisliiients for.. Depreoialion charges 8,627 Interest received (6.899) Decrease/(increase) in debtors (Decrease)lin¢reas¢ in creditQFS 76,464 789,313 (295,198) 46,703 982 928 502 039 18
WORLD OBESITY FEDERATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Ba515 of aecounting The financial slaleinen15 of the charitable company, Ivhich is a piiblic benefit enlily linder FRS 102, 1)ave been prepared in accordance ivith the Charities SORP (FRS 102) 2019 'Accounling and Reporting by Charities; Stat¢in¢nt of Recoiiiinended Practice applicable to charities preparing their accounts in accordance iviih the Fiiiancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Janiiary 2019),, Financial Repoi'ling Slandard102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Coinpanies Act 2006. The financial slaleinenls have been prepared under the historical cost convention. Tlie reporting ciirrency for the financial slaleinenls 15 GBP. b) Incorne i'esourees Donalioiis aiid grants Incoiiie froi?) donations aT)d grants are included in in¢oining resources ivhen these are receivable except as folloivs: Wheii donors specify Ihal donations and 8ranls given to the charity inust be used in fiittire a¢coiinling periods, the incoine is deferred until Ihose periods. WheIi donors iinpose conditions ivhich have to be fulfilled before the charity becomes entilled lo use siich incoine, the incoiiie is deferred and not included in incoining resources iintil the pr¢-coiidilions for iise have been mel, When donors specify that donatioiis and grants are for particular reslricled purposes, Ivliich do not ainount to pi'e- Condilions regarding enliileineiil, this incoine is included in incoming resources of reslricled funds iylien I'eceivable. Meni bershlp dues, hdi'erli5ing aiid publishing royaltles Incoiiie froni inei)Ib¢rsliip diies, advertising and publishing royalties are included in Ihe SOFA ivhen th¢ rharity IS legally entitled lo the income and tlie aiiiount can be quantified ivith reasonable accuracy. liivestiiieiil incoine Investment incoime, inclLiding interesl receivable, is included ivhen receivable by the charity. Project Iiiconie Incoine froin projects is recogiiised on an accruals basis a5 the ivork on that projecl progresses. Resoiirees expeiided Resoui-ces expended are included in ihe SOFA on an accrual's basis. Certain expendiliire is directly allribiitable to specFfic activities aiid has been included in Iliose cosl categories. Sliaied and indirect costs are apportioned on 11)e basis of staff linie and 11)e number of fiill-liine ¢qiiivalenl staff. Costs iyliich are atlribiilable lo Inore 11)an one activity, are apportioned acros5 cosl categoi'ies on Ilie basis of an estiinal¢ of ihe proportion of lime speiit by staff on Iliose activities. Fiindraisiiig costs are tl)ose costs ii)curred in seeking voluntary conlribiilion5 and piiblicity cosls associated ivith raising ihe profile of the cliarity. Govei'nance costs are those incurred in connection iyith enabling ihe Company io comply iyilli external regLilation, conslillilion and slatiitory requireinents and in providing support to the truslees in tlie discharge of their statiitory diities. 19
WORLD OBESITY FEDERATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES (eonllnued) d) TaDgible fixed assets All assets purchased for over £2,000 ivill be capitalised. Depreciation is provided on all tangible fixed assels at l'ates calculated to iyrite off the cost of each assei over ils expecied usefiil economic life at Ihe folloiving rates: Fixtures, fittings and eqiiipinent CoinpLlter equipiiient Investiiieiits Investinenls are slated at Jnarket value at the balance sheet date. The SOFA includes the net gains and losses arising oli revaluatioiis and disposals Iliroughout il)e year. Pensions The charity operates a defined contribution schejne for the benefit of ils employees. The costs of conlribiitions are Charged lo the incoine and expenditiire accoiinl in the year they are payable. g) FlnAnee find operAtlng leAses Rentals payabl¢ Linder op¢raling leases are Charges to the SOFA as incurred over the lerin ofthe lease. h) Foi'eign curreiicies Transactions in foi'eign currencies are recorded at ihe Tate ruling at ihe date of the tran5aclion. Monetary assets and liabilities are retranslated al Ihe rate of e,xchaiige ruling ai ihe balance sheei date. All diffei'eiices are taken to the SOFA. Fuiid A¢couii¢lng General flinds are unreslricied funds ivhi¢h ar¢ available for use al Ihe discretion of the Trustees in furihei'ance of the geiieral objectives of the coinpany aiid ivhi¢h have not been designated for olher piirposes. Designated fiinds comprise unrestricted fiinds thal have been sel aside by the Trnslees for porliciilar piirposes. The aim and Lise of eacli designated fund is sei oiil in the noies to the financial siaieiiienls. Restricted fiinds are funds iyhich are lo be used in accordance iyith specific restriclioi)s iiiiposed by donors iyliich have been i'aised by the company for particular purposes. The cost of raising aiid adniinistering sucli fiii)ds are charged against the specific fvnd. The aim and use of each restricted nd is set out in ihe notes lo tlie financial 51aleiiienls. i) Ci'illcNI Accouiitiiig JudRenient5 an(1 Key Sources of Es1iNDation Uncerlaiiil). In Ilie applicatioii of tlie Cliarity's accoiinling policie5 Ivhi¢h are described abov¢, In15t¢¢s are reouired to Inake jiidgeiiients, esliiiiates and assuiiiptions abolit tlie carrying values of assels and liabilities ihat al'c not refidily appai'ent froiii otlier sources. The estiinales and uiiderlying assuiiiptioiis are based oil liislorical experieiice and other factors that are considered to be relevant. Actual results may differ froin these estiii)ates. The estiniates and Einderlying asSUlllPtAon5 arc revieiyed on an ongoing basis. Revisions to accounliiig esliiiiales are i-ecognised in Ilie period in Ivhich the estimate is revised if the revision affects only tlial period, or in ilie period of revisioii and fuliire periods if the revision affects both ciirrent and future perTods. Tlie key soiirces of esliination uncerlainty tlial h8ve a Signifint ¢ffwt on tlie amoiinls recognised in the finaiicial stat¢inents are de5crib¢d b¢loiv- Deprecialioii Assels are ivritten doiyn over tlieir esliinated useful lives. The a¢lual lives of th¢ ass¢15 Inay differ froln those estiinates. Tlie lives of the assets are kept under revieiv and adjusted as appropriate, 20
WORLD OBESITY FEDERATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 li) Coing Concei'ii: The trustees have assessed the charity'5 ability to continue as a going concem. The triistees have considered Ihe chartty's financial position, including its reserves, cash floiv and fiillire flinding ColnItInents. Based on this assessinent, the Iriistees have a reasonable experlation that the charity has ad¢qual¢ resources to conliniie in operational existence foi. Ilie forese¢cible future. Thus. the Injstees continue lo adopt the going concern basis of accounting in pr¢paTing the financial stal¢inent. rinaiicial 111stJ'unieiits; The cliarity's financial inslriiiiienls coinprise cash, trade debiors, trade crediiors and loans. These are classified as Basic finaiicial inslruiiicnts under FRS 102 i) Iiiltlal Reeogiiltioii ajid Measureiiient Basic financial inslruilieiits are inilially recogni5ed as transaction price. iiicluding trnnsaclions costs. except for Those classified at fair valiie through profit or loss. Ivhich arc initially iiieasurcd ai fair value. Tl)e fJnai)cial inslriiinents are sub5eqLienlly measured al ainortised cosl. k) liiipaii'meiit At the end of each reportiiig period. the charity assesses iyliether ihere is objective evidence of inipairinent. If siich evidence e.¥isls, the charity recognizes an iinpairinent loss in the statenienl of financial activities, VOLUNTARY INCOME Restrlcled Funds Uiiresli'lcted Tolal fujiqls Fuiids 2024 Total fuiids 2023 Donations 205,039 205,039 68,458 205,039 205,039 £68,458 ACTIVITIES FOR GENERATING FUNDS Re51ricled Fuiids Unreslricled Total fvJiiJs Funds 2024 Tolal fiinds 2023 Congress and Events PtiblishiT)g I'oyallies Otller incoine 748,191 213.634 58,050 748,191 213,634 58,050 172,730 98,877 ,019,875 1,019,875 £271,607 21
WORLD OBESITY FEDERATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 TOTAL RESOURCES EXPENDED Staff Costs Direct Costs Support Costs Total Costs 2024 Total Costs 2023 Meinbership Policy Educalion Research Voluntary income 42,501 128.731 165,823 104,860 216,442 662 45,332 808,009 34.969 59,078 35,783 64,410 135,975 32,205 89,458 78.946 238,473 1,109,807 172,033 364,978 40,898 113,421 339,574 369.838 346,471 £658,357 £948,050 £357,831 £1,964,237 £1,210,202 SUPPORT COSTS COMPRISE OF: GovernAnee Costs Staff Costs Other Cost5 TotAI Costs 2024 Total Costs 2023 Membersliip Policy Education Research Volunlary Income 9,419 16,953 35.789 8,477 23,546 16,298 29.337 61,933 14,668 40,746 10,066 18.120 38,253 9.060 25,166 35,783 64,410 135,975 32,205 89,458 4,501 2,25 I 12,437 19,072 6,752 £94,184 £162,982 £100.665 £357,831 £45,013 NET INCOMING RESOURCES FOR THE YEAR 2024 2023 Tliis is stated fifter cliarging: Depreciatioii Aiidilors, reiniineration Operating lease rentals - Land and buildings 8,627 6,000 12,600 7,000 12,608 Diiring ihe year, no I'ruslees received aiiy benefils in kind (2023 - £Nil). DLiring tlie yeai., 5 Trustees received reiiiibiirseiiienl of £7,860 expense5 for travel aiid accoiniiiodation (2023 £4,072). 22
WORLD OBESITY FEDERATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 STAFF COSTS 2024 2023 Staff eosts wei'e as follows: Wages and salaries SocTral security Costs Pension costs 711,842 52,282 57,215 842,444 64,358 52,670 £821,339 £959,472 The key Inaiiageinenl personnel iemiineralion and benefits are £355,410 ( £dOI,870) Tlie niiiiiber of einployees ivhose emoliiments fell Ivithiii the folloiyiiig bands ivas". 2024 2023 £ 60.000 - £ 70,000 £150,000- £160,000 Tl)e average iiiimber of employees Ivas as follows: 2024 Nunlber 2023 Nunibej. Charity objectives and pi'ojecls trading activity Fundi'aising and publicity Manageinent and adininislralion 12 14 TAXATION Tl)e Charitable coiiipany is exeinpi froin corporation tax as all ils incoii)e is cliaTitable and is applied for charitable piii'poses. TANGIBLE FIXED ASSETS Office And Computei's Cost At l Jaiiuary 2024 Additions DisP05al 26,402 {26,402) At 31 Decenibei. 2024 Depreclatloii At l January 2024 Chai'ge for Ilie year Disposal 26,402 (26,402) At 31 December 2024 Net Book Value At 31 Deceinber 2024 At 31 Deceniber 2023 23
WORLD OBESITY FEDERATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECCMBER 2024 DEBTORS 2024 2023 Due witliln oiie yenr Trade debtors Prepayimenls and accrued incoine Other debtors 310,153 253,862 6,112 45,000 414,244 187,347 £570,127 £646,591 CREDITORS: Amounts falliiig due io. ithin oiie year 2024 2023 Trade creditors Social seciirity and other tsxes 011)er ci'edilors Accruals and deferred inconie (see beloiv) 9,351 17,108 12,144 ,293,117 17,578 14.218 9,849 500.762 £1,331,720 £542,407 Pension conlribiilions lolalling £6,124 (2023: £5,005) Ivere payable at the year end and are incliided iYill)in other ci'editors. ii. DEFERRED INCOME 2024 2023 Ainoiinls bi'oiight forward Released in Ihe year Deferi'ed diiring the year 484,188 (886.614) 1.664,697 290,620 (258.620) 452,188 Balance as al 31 December 2024 £1.262,271 £484,188 Charity deferred incoine of £1,262,271 relaled to incoine received in 2024, 2023 aiid 2022 in advanee of projects and fLittire confereiiceg. (2023 £484,188) 24
WORLD OBESITY FEDERATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. STATEMENT OF FUNDS Resti'icted Funds Euprojgcls.. ljiiiovole This pai'l of the restricted fiinds is received from tlie EU Commission and UK Government for carrying out research related EU projects. Throiigh collecting obesit), related inforiiiation and analysis, tlie projects assist tlie policy Inakers Ihroiighoiit Eiirope to implement appyopriate obesity Strategies. EU norjnally oiily pi'ovides paitial fiinding for Ilie projects iherefore the remaiiiing balances are covered by the World Obesity Federation's general funds. SUMMARY OF FUNDS Brought Forivnrd Ineoniliig Resources Re50uI'ces Expeiided TrRJisfei iiil{out) Ca I'i'led ForwArd Uiirestricted Funds 861,394 2.045,912 (1,923,059) 1,197 985,444 Resli'icted Fuiids 42.375 (41,178) (1,197) Tolal of Fiinds £861,394 £2,088,287 Ul,964,237) £985,444 13. OPERATING LEASE COMMITMENTS The folloiving payiiienls are Coiiimitted 10 be paid iyiihin one year.. Land and buildings 2024 2023 Expiring: Within one year 7,315 6,048 £7,315 £6,048 Operating lease cost5 are recognised as an ¢xpens¢ in ihe year they are inCUed. 2024 iyas £12,608 (2023 £12,600) 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Reslricted Uiireslrlcte Total Vund$ FuJid5 Fuiid5 Ciiri'¢nt assets Curreni liabililies 2.317,164 2.317.164 {1,331,720) (1,331,720) 15. RELATED PARTY TRANSACTIONS Tliere ivere no relaled party transactions in tlie current or previoiis year 25
WORLD OBESITY FEDERATION NOTES TO THE fiNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 16. Coniparative for the SOFA 2023 Totlll Funds Reslrieted Fuiids Unrestricted Funds INCOMING RESOURCES Noles liieoiii iiig resources froni generated fuiids: l/oliiiilurJi iiicoine Donations and legacies Activities for geiieratiiig funds: Royilties other iiicome li)v¢sliiient Iiiconie nveslii)enl incotne 68.458 68,458 271,607 271,607 Iiiconiliig resources froni Chai'itnble Activities: Policy Ediicalioii Researcli Memb¢rship 53,135 235,222 53,135 235,222 292,026 27,581 292.026 27.581 Total iiicoJM Ing resourees 292,026 656,004 948,030 RESOURCES EXPENDED Costs of geiierAtiFig fuiids Voluntary iricoin¢ 346,471 346,471 346,471 346,471 Cliaritable activitles: Policy M¢i?Ibei'sliip Services Ediicalion Research 113,421 40,898 336,958 110.299 113,421 40,898 339,574 369,838 2,616 259,539 Tolfil cliAI'itAble expeilditure 262,155 601,576 863,731 Total i'esour¢e5 expen(led 262,155 948,047 1.210.202 Nel iiiconi Ing Yesoui'ces befoi'e traiisfers between fuiids 29,871 (292,043) (262,172) Ti?nsfei's betiyeen funds (29,871) 29,871 Net iiioveineiit In funds (262,172) (262,172) Fiinds al l JanLiary ,123,566 1,123,566 at 31 December 861,394 861,394 26