PayPal Giving Fund UK Annual Reportand Financial Statements Fortheyearended 31 Dec 2025 PayPal Giving Fund Compony Limit•d by Gutsront•• R•glStrotion Nvmb•r 5507404 (Englond and Wal•sl Churlly R•gl$trotion Nvmb•r1110538 Contents A Letterfrom thechair and Country Manager Administrative Details of the Charityi its Trustees and Advisers Trustees, Report PPGF'S History Our Key Achievements 12 Strategi¢ Report 2025 14 Our Vision and Mission 17 Structure and Governance 19 Financial Review 24 IndependentAuditor's Report tothe Members of PayPal Giving Fund UK 23 Financial Statements 32 Statement of Financial Activities 33 Balance Sheet 34 Statement of Cash Flows 35 Notes to the Financial Statements 30 PuyPdG1￿n9 Fund UK. 2025Annual Reportand Finanthal StaFernents A Letterfrom the Chair and Countrymanager D•or Support•r. At PayPal Giving Fvnd UK IPPGF UK), our mission is to reimagine everyday 9iving-making it easier and mom rowarding for pgople to support the causos thoy core about. Wo pur$v? thi$ vi$ion by working with tho world'$ leoding online platform$ to ¢reoto saomlg$$ opportunltlgs for ¢horitoble givlng, and by dislributln9 ihg funds rolsed to thousonds of chorltS0s ¢¢ross iho UK. In 2025, we were deli9hted to help raise olmost £65 million in donolions for UK charities from more than 2.2 million generous donors. These funds benefited 18,336 charities nationwide. We continue to make stron9 progress in reaching smaller charities: 230/0 of all funds distributed by PPGF UK went lo organisations with annual income below £1 million near￿ double their ovgrall $hor8 of sector income (120h)- Notobly, IOYO of all fund$ $upported very $moll choritios with Income under £IOOI which to9￿hor recoivg just 29h ot tho $e¢tor $ totol income. Our taam also contlnued to support PayPal Glying Fund s programs In Imlan4 which rolsed on additlonol É8 million to beneflt more thon 2,400 ¢horitl¢s In Irelond and oround the worla, Includlng funds orlglnally donatsd by PayPol Into Its ¢orporal• odvls¢d hjnd, managd by PPGF UK'S parent charlty In tho US. We are deeply grateful for Ihe sUPPOrt of our growing nefv￿rk of partners who helped make this possible. In particular, we appreciate PayPal's continued leadership in inspirin9 more customers to give. and the ongoing colloboration and support from PoyPal and PPGF US. Their partnership remains vital io our shared mission of harnessing technology for good. This r•port outlirb•s our key prioriti•s, performanco, and futur• plons. In 2026, Wg will focus on thg following core pillar$'. gnhon¢in9 CU$tomgr exporigncg ond driving growth, while inve$ting in our people and Infr¢$tru¢ture to $trongthon our foundation for tho fvtur?. Toggthor with our partnors and $upportgrs, wg look forward to conllnuing our journey to makg giving morg o¢¢e$$ible, In¢luslvo, and Impo¢tful_ompowerlng peopl• overywhere *0 glvo, every doy. Regards. Vaneua Onyomem ChaSr of the Board Van•sw Bal)ouram Country Managor, UK and Ir•land PuyPdGMng Fund UK. 2025Anrwl Wortond An0￿1$￿t8Th￿ts Administrative Details of the Charity, itsTrustees and Advisers Contart Details 5 Fl••t Ho¢e London EC4M 7RD WWW.FKypalgivinglund.or9.uk C4)mpany r•9istrolion numb•r 5507404 (England ond Wolo$1 Chqrity r•gi•trotion numb•r 1110538 Audltor Sayer Vincent LLP 110 Golden Lane London ECIY OTG Bankers Barcloys Bank Pl¢ Ons1¢)w Hall. Little Greon Rlchmond Surr6y TW9 IQS Soll¢lto Botss Wells 10 Qu¢¢n Street Place London EC4R IBE FuyPdGMng FurKI UK. 2025Annwl Wrtond RnarthlSthm•nts Administrative Details of the Charity, itsTrustees and Advisers Comparysecretaries Officers&Staff Vanesia On￿m•M Choir Nick Aldridg• Company Secretary & CEO (Global) Andrew 5•ag Deputy Chair Vangua Babourqm Country Manager, UK and Iroland Simon Blodon Appointed 8 September 2025 Anya Milllgon UK & Ireland Finonciol Controller Sukhroj Dhadwar Amit Ghosh MimiAnim-Nyame Marketing and Communication5 Executive Resigned 28 March 2025 Sally Brack•n Chair R•sl9ngd 31 July 2025 Fronk Barreco UK & Ireland Operation5 Lead Ben Chaudoir Re5igned11 July 2025 Sharni• Alccourt Cliont Setvlc•s Manager Tawh•8d Rahim Doto and Operatlons Manoger Dohnish Shiraz Senior Accountant Vini Wilson Senior Accountant Appointed 6 January 2025 FuyPdGMng FurKI UK. 2025Annwl Wrtond RnarthlSthm•nts Through the support of amazing partners such as PayPol Giving Fund. Sense can create life-changing opportunities for disabled children with complex needs. like Ruby. Our new Belfost hub is helping children grow in confidence, build friendship5 and f•01 truly Included. Thls Is tho dlff8r8ncè your partn•rshlp halps us achl8v8. JamesWatson4YNgiII sense PuyPdGMng Fund UK. 2025Anrwl Wond An0￿1$￿t8Th￿ts Trustees, Report The trustees present their statutory report together with the financial statements of PoyPol Giving Fund UK for the year to 31 December 2025. Introdurtion The report has bean prepared in accordance with Part 8 of tho Charitios Act 2011 and constitutes tho truste8s' report for th purposas of the Companigs Act 2006. The flnanclal statam•nts been prapar•d in accordance wlth the accountln9 policios sat out In the Prlnclpal Accountln9 Polsclas sectlon theraln and comply wlth thè tharitoble company's memorandurn and orticlas ol assoclation, opplicable lows and the requlrements of Accounllng and Reportlng by Chorltles.. Statement of Recommended Pro¢tl¢e applicoblg to chorltles proparlng thelr o¢¢ounts In ¢¢¢ordan¢• wlth the Flnanclol Reportlng Standord appliwble In the UK ond Republi¢ of I￿land IFRS102). The objects of PayPal Giving Fund UK The ¢hority's obje¢ts or• to odvono oll purposes th¢t oro ¢horitoblo vndor the law of En9lond ond Woles. Our prin¢ipol o¢tiYity to gchieve these objects 15 the developrnent ol portner5hip5 Wlth PoyPol Inc ond it5 5ub5idiaries. and with other leading internet businesse5, which currenlly include GoFundMe, Meta. Twitch. eBay. and Humble Bundle. The partnerships enable the lull range of UK charitie5 to benefit from the unrestricted funds we raise through ovr customer 9ivin9 programme5. PrfdGMng FurKI UK. 2025Anrvxl Wrtond Rnarx*lSthm•nts Howwe achieve public benefit As PayPal Giving Fund UK is a grant-making charity, OUT public benefit occurs principally through the activities of those charities that receive fund5 from us. We believe that, given the large number of small grants we make, we maximise our public benefit by providing unrestricted funding for those charities. We therefore do not seek to impose any restrictions on our grants beyond those necessitated by our obligations to ensure our funds are spent appropriately. We fund only those charities that comply with our published Chority Certification Policy, verifyin9 that the or9onisations we fund have charitable status in the UK, or equivalent slatus in jurisdictions closely connected to the UK, and that they are not subject to sanctions imposed by the UN, EU, US or other relevont authorities. Throu9h our partnership with PayPal. wè undertake checks to ènsure that charities in our dirèctory are corrèctly règlsterèd. in good standin9 Wlth relèvont règulotors. do not rèprèsent unrèosonablè risks. and that (whèrè rèlèvant) they hovè verified PayPol accounts so donalions con bt promptly grantèd to thè charily. Each yèar we undèrtakè a survèy of choritles that rècèlved si9nificont funds from PayPal GlvSng Fund, to conflrm that thèy opplied our hJnds in support of choriloblè purposès. Through our programmes wé work to promote charities ond ¢horitoble giving to online oudien¢e5 who moy hove little previous involvement in ihe 5e¢tor, for exomple by promoting choritoble couse5 to PoyPol'5 and Humble Bundle's online shopping audiences or to Twitch's 5treorning community. We olso strive to serve the sector a5 fairly a5 we can by providing opportunities for lesser known ond smoller charitie5 to benefit from our work. As such, the Trv5tees are confident thot PayPol Giving Fvnd UK hos complied with its duty to hove due regard to the public benefit guidance published by the Charity Commission for England and Wales. PayPdGI￿n9 Fund UK. 2025Annual Reportand Financial StaFernents PPGF'S History As the internet developed, charities were at risk of being left behind, becoming less relevant as attention shifted online ond awoy from traditional fundraising. In response, PoyPol Giving Fund's US found?rs ori9inolly •$t¢blish•d mi￿10nFi$h.¢offl as on online mark?tpla¢e for charities in1999. We then portnered wlth eBoy in 2003 $0 their buyers and sellers Could support good Causes. When PayPal spun off Into an Ind•p•ndent company, we saw an opportunlty to help other leading online busln¢sw engago theSr customers in supporting charities, and establish￿ PPGF. Wo established additional PoyPal Giving Fund chariti•s in the UK, Canado, Australio and Ireland. Over 355.000 Charitios hav¢ now onroled with our programm•s o¢ross the jurisdidions w• fund. In 2025. PPGF rais¢d Slbn in total. The PayPal group of companies is uniqvely placed to Increase choritoble givlng on a global scale. We use PayPaVs copabilitios to improve and 5cal• our votting, payments and fundrai5in9. We're improving donation products and developing woys for people to support good causas as they uso PayPaL buildin9 on successful campaigns. We aim to mak8 charitable 9ivlng o part of ￿rydaY lif•. introducing th• opportunity to support charities in relwant. aosy ond ang09ing ways to nwoudignces,whi¢h wo ¢r¢ gnabling through o growing numborof portnsrship Sin¢e its in¢•plion in 2006, PPGF UK hos come o long woy ihonks to stron9 p¢rlnerships with th¢ ¢h¢ritoblo 0$ well 0$ the comm¢r¢iol sector. We ￿re pleased io see o strong 210h growth over th¢ lost thre• yeors up lo olmost £65m in 2025. while using resour¢•s at our disposol ¢orefvlly. In our 2025 UK grant survey. 700h of porticipotin9 ¢harities said that enroling with PPGF UK •nobled their Chority to Connect with nèw $upportars. PrfdGMng FurKI UK. 2025Anrvxl Wrtond Rnarx*lSthm•nts Annual fvndsraised overtime and Owas % of donationsgranted £90 £80 £77.Om 16% £70 £65.0rn 14% £60 12% £53.7m io £30 £20 £10 £0 2023 2024 2025 UKdonalion volufflg pgryaur ￿ ExpondibJra % donationvoluw Our partnerships during the wiod induded thefollowing: PayPal PayPal PoyPal moke5 it easyfor donors to find and support their favourite charities. Giving opportunities embadded in the PayPal web and mobil8 app customer exp8ri8nce are enhanced by seasonol campaigns and promotions that inspiro people to giva more- and give more often. PayPal cvstomars can also create cvstomisad fundralsers wlthin tho PayPol app and share with other potential donors. gofundme GoFundM• GoFundMe 15 a communty-powered fundraising platform dedicated to helping people help each other. Through the platForm, people can create personalized fundraising camFxJigns lo support the individuals. cavses, and nonprofits they care obovt most, ond share them with their communities to inspire giving. Donolions to charities ara often made possible through GoFundMe's partnership with PayPal Giving Fund. CK) Meta M•ta Meta'51undraising 10015 make it easy to create and share fundraisers and donate button5 on Facebook and In5tQ9rom. FuyPdGMng FurKI UK. 2025Anrwxl Wrtond RnarthlSthm•nts 10 forcharityx eBay for Charlty eBay for Charlty makès It èasy for buyers and sèllèrs to support thèlr favourStè charltles In onè of thè world's lorgèsl morkètplocès. Whtn o charily ènrols wilh PoyPol Giving Fund, èBay sellèrs can donolè o portion of their solès to PayPol Giving Fund to, in turn, bènèflt an organisalion they sèlèct. Special fèalurès help èBoy for Chority itèms stond out. and eBay incèntivisés choritoble sèlling by crediting solès fees on charitable prottréds. Enrolod chorities con also sell items on eBoy, ond benefit from f¢e credits and additional promotion. Humble Bundle Humble was founded in 2010 with the mission to mobilize the goodwill of online communities in support of people and causes in need. As a digital store ond membership service, Humble partners with contenl providers and chorities to develop and offer digilol content and product bundles to the pvblic, directin9 a portion of nearly every sale to charity. Humble hos raised more than £205 million for thousands of charitable organizations oround the world. fundraise GoFundrai$e GoFundroise is o leading online fundroising plotform that helps chorities roise funds for their ¢auses. GoFundroi5e provides 0 secure ond ea5y-to use plotform that enoble5 chorities to reach o wider audience and raise funds more efficiently. Uber Ub•r Uber's mission is to reimagine the way the world moves for the better. By changing how people, food, and thin9s move through cities, Uber is o plarform that opens up the world to new possibilities and creatès opportunity through movement. Uber users con svpport causes they care about through charitable campaigns faaturad on the Uber app. ikch Twitch Twitch is an interoctive live streaming Service and global community that comes together every day to create vniqve, live, and unpredictable experiences from the interactions of millions. Twitch'5 charity tool makes It easier for streamers to r0i5e money for cause5 they care obout by removing the hassle from donotion tracking and making it easier for viewers to donote directly to o charitable cause. Ovirtue Vlrtve Virtue is a platform that makes it easy for ecommerce brands to incorporoto meaningful social impact into thair businasses and 9row through 9iving. Virtue vsas Shopify, a commerce platForm that lets people startl grow, and manage a business online and offline. Green Man Gaming Green Man Gaming supports charitable cou5es through curaled bundles that expand ployers, gome libraries while giving back. Every bundle unlo¢k5 real-world impact, turning play into purpose for the gaming community. BUNDLES PayPdGI￿n9 Fund UK. 2025Annual Reportand Financial StaFernents Our Key Achievements More than 18K 2.2M Charities received benefits from funding Unique donors gave to PayPal Giving Fund £65M Funds raised in 2025 through our partner programs Bringing our total raised since launch to £409M of charity respondents in our grant survey 70 % agreed that PPGF enrolment enabled them to reach new donors. PrfdGMng FurKI UK. 2025Anrvxl Wrtond Rnarx*lSthm•nts 12 We ore incredibly gratef ul to PoyPal Giving Fund UK for partnering with British Heart Foundation on Give at Checkout features. Thanks to generous donations from the public, these ¢ampoigns ar• helping us fund life5ovin9 research to unlock troolrnent$ thotcould give someone o lon98r, heolthier life. From bobies born with heart conditions, to people ￿t)vering from a devostoting heart ottock, re$ear¢h British Heart Foundation funds could discover a breakthrough. It could stop cardiovascular conditions in their tracks or prevent them from happening at all. Thanks to PayPal Giving Fund UKS $upport,vrn can give More hearts a fi9hting chance. Hay19y￿nn.BrL H￿d of Par￿￿lShPmana90rnonl ICorporaFe Partn8rships) Brili5h Heart FOU￿1th1On IWllÈh H••rt PuyPdGMry Fund UK. 2025Anrwl Wond An0￿1$￿t8Th￿ts 13 Strategic Report2025 We raised £65m to benefitover18,000 charities We raised £65m in 2025. Whilst the total donation Volume doclinod by16% yoor-on-year, driven in particular by a significant slowdown in fund5 roisod on the Meta platform. we were pleasod to odd Groen Man Gaming 05 c now portner in Q4 2025. 2.2m donors in total gave to PayPal Giving Fund durlng the perlod, repres&nting 0 240/0 decroos& y8ar-on-yaar, owing to the decline in funds ralsfjd on Meta, and o reduction Sn our G5Ye at Chgckout pro9￿M. As a result, we rocelved fund$ to b•nefit18,336 chorilie$ ¢ompored to19,202 in 2024. Wesupported newcampaigns PayPal's Give at Checkout programme. which enables customers to make a donation when completing checkoutwith a PayPal account, raised £1.65million in funds. PayPal fundraisers and the PayPal Givin9 Hub raised a combinad £4.3m in 2025, anabling Paypal cvstomars to SUPFX)rt the charity of their choice through PayPal Giving Fvnd. We received funding to benefit a wid• range of UK charities. 74 charitie5 received funding from PPGF UK in excess of £IOO.000 over the period. ranging from large charities such as Breast can￿r Now. Dementia UK Mocmillan Cancer Support, Medicol Aid for Palestinians, the British Red Cross. Cancer Resoorch UL and RNLI Trust to smaller chariti•s such as Helping Yorkshir• Poundios. PrfdGMng FurKI UK. 2025Anrvxl Wrtond Rnarx*lSthm•nts 14 At PPGF UL pride ourselves on aiming to serve the non-profit sector faiAy and across its whole incomè spectrum. PPGF UK grants ore distribuled more evenly across charities by size, compared with voluntary sector income as a whole. In 2025, charities with an annual income balow £1 million rocoived 23¥0 of the funds 9rant8d by PPGF UK comparad to a12% sharo of the sector's overall incom•. Shareof PPGF UKfiJndsvsshareof sertor income (2025) 45% 37U/o 30% 21% 22Yp 20% 11 Miertsl<£lOkl s￿￿11(£10k.£l0okj M•dhJrnl£lOOk_£IMI ior9•llM_ £IOMI Moprl£lOM_£IOOMI &Jp•r-majOrl>WOOMI All thr¥M•s Intt*s•ctor PPGFwpp￿•dCh￿r1tkns Wo continuad to support PoyPol Giving Fund Ireland, which. independ•￿1Y governed, 0￿rat@S in a similar woy ond for slmilar purposas to PayPal Giving Fund UK, and baneflts from staff tima and exportisa provided by PoyPal Giving Fund UK. Durlng the year, Paypal Giving Fund Ireland raised a totol of É8 million durlng the perfod, bonefltting 2,433 Irish charltios. Ouroperating Costs Our ongoing focus on efficiency and scalobility has Onabled vs to deliver increased volu8 to chariti8s while rnointaining o low cash oyrating cost base. As a proportion ol grants made to charities, our cash op•roting costs excluding poym•nt processing costs charg•d by third porties have reduced from 2.10% in 2019 to1.30h in 2025. FuyPdGMng FurKI UK. 2025Anrwxl Wrtond RnarthlSthm•nts Is Position of the charityatyearend and plansforthefuture We ended 2025 in a strong financial posltion, with sufficient reserves and funding commitments to assess the charity as a going concern through to 2026, and o growing number of partners. Durin9 2026 we will build on our 2025 successes and focvs on the followin9 four priorities for the charity, followin9 a strategy dayattendèd by managementand the board.. Dévèlop ond support ovr pèoplè= build o high pèrforming culture for supporling teom and boord, support per$¢nol ond profes5ignol growih and creote opportvnilies for diologue with key actors in our sector. 2. Focus on giowth: work with our existing portners to brin9 further Innovatlon lo our pro9rammes and build thè futurè by èstablishing Partnèrships with nèw buslnessès. 3. Contlnuously improvè thè vsar èxpèrlencè with a spècific focus on charllies this yaor. followln9 thè partnèr èxpèrlèncè focus In 2025. 4. Contlnuously improvè ovr Infrastructura. We conlinue to ploce focu5 on a performance mindset to help drive the best ovlcorne for benefitling choritie5, ovr paTlner5 os well as donors, while building an inclusive and svpportive culture to promote diversily, mental health and work_life bolonce. With on increosingly experienced stoff team, ond o strong employment proposition provided by PayPal, we believe the charity 15 well p051tioned to meet its 2026 goals. PayPdGI￿n9 Fund UK. 2025Annual Reportand Financial StaFernents 16 Ourvision and Mission PayPal Giving Fund enables some of the world's leading online plafforms to create opportunities for everyday charitable giving. We pursue our mission through trustworthy, scalable and impactful progroms that help raise newfvnds and create new connectrions for the benefiting charities around the world. We provide donation and donor reports, issue tax receipts, distribute grants, and handle registration requirements all without charging charities for our services Reimagineeverydaygiving to help charities. Enable the world's leading online platforms to create opportunities for everyday charitable giving. PrfdGMrwJ FurKI UK. 202SAnr￿l Wond Rnarx*lSthm•nts W• oro proud lo portnerwith PoyPol Giving Fund. Togelh•r w• hov• supported hundred$ of young people to $torttheir life chonging DofE Aword - helping them to gain confidence, skills and life experience on their way to o bright future. Thank you to everyone at PayPal Giving Fund for your support- we are excited to see wh•ro our partnorship will take us over the year5 ahead. Rvth Marwl CEO Duke of Edin￿rghAN￿JTd5 PuyPdGMry Fund UK. 2025Anrwl Wond An0￿1$￿t8Th￿ts 18 Structure and Governance PayPol Giving Fund UK is governèd by Its mémorandum and artlcl•s of ossociatlon which ￿r# updatèd on12 D•e•mb•r 2023 following review ond opprovol by ihe boord 0$ well 0$ the member. li is ¢¢nstiluted Os o Company limited by guaronlee (Company Resistration No. 55074041England and Wale5)) and 15 a registered charity (Charity Registration No. 1110538). The sole mernber of the company is the PayPal Chorilable Giving Fund {PPGF USI, a United Stales 501lcl{31 non-profrt organisation. In the event of the charitable company being wound up the member undertake5 to contribuFe an amount not exceeding £1. The Board of Trustees The Board of Trustees 15 responsible for the oveToII governance of the charitable compony. Vlhilst there 15 no cap on the total nvmber of Trustees. the minimum number of Trustees is three, and there are currently five. All Trustee5 were duly oppointed by PPGF US, hoying been proposed by the boord. To enabl• and promote board renewal, ot the final board meeting of eoch calendar yaar, approximately on•-third of th Trusl¢as ¢omplgtg o tgrm of office. Trusfves ore oxpo¢tod io sgrvo h¥0 or thr99 lerms of approximotèly 3 years pgr term. By axception, a fourth t•rm may ba considèred whérè it is agreed by th• board arbd membar to b• in the bast intèrosts of tha charity. The names of the trvste•s who servd durlng the y￿r are set ovt as part of the admlnlstratlve detalls on page 5 of thls onnual report and a¢¢ovnts. Trustees ¢orbveno r•gvlaTly for formal meatings. during which tim• Ihoy ov•rs•e ¢urronl business and rwiew th• charity's 5trotesy, operotionol ond Pinoncial pgrformance ogoin5t annvol plgns and budsets. Regulor oudit committee meeting5 tak• plate to reviow the charities flnances. flnancial politi4 controls and risks. Additior)ol trustse meetings may bo heduled on an od hoc bosis to consider particular lssves. On oppointment, trustew rocoive on Induction pack containing o detailed background on the charitabl8 company and its work, and meet with the choir and chief ex•cutiY8, helping them to mako informed decisions from the ovtsot. Truste0$ arg encouraggd to undgrtak? ongoing professionol dovolopment to support tho overoll gffoctivoness of th* b￿rd. PrfdGMng FurKI UK. 2025Anrvxl Wrtond Rnarx*lSthm•nts 19 Governanceand compliance The charitable company recognises the Code of Governance for the charity sector, and the board takes collective responsibility for Upholding its principles. In spring 2024, we conducted a review of our compliance with the code and confirmed that the chority continves to meet its requirements. Followin9 this review, we acted on su99estions agreed by the Board to further stren9then 9overnonce-including revisiting our vision, mission, and public statements, and engogin9 external expertise to support reflection on ovr 9overnonce effectiveness. We intend io repeat this exercise in 2026, in line with our biennial schedule and to review our compliance against the Updated Code published in 2025. Durin9 this yèar, we havè also rèvièwed tha charity's relationship with PayPal èntities and concludèd the currènt structure was approprlote and effèctlvè. As part of this process. we Idèntifièd arèas for enhancemènt. which lèd to o career mopping exèrcisè and thè introducFion of o PPGF-focusèd rècognition pro9rommè. Wè ore olso con$idèring oddilionol measures to deepen understandin9 of PPGF'S work, strgngthtrn olignment o¢r¢ss oll PPGF entiti¢s, ond improve oversighi of employmenl secondments and relaled practicalities. The ¢hority reviews boord effe¢tiv¢ness on o regul¢r bos1$ to en¢ovroge learning ¢nd prof¢s5ion¢l development within the board, 50 thot oll board members can moke o lull contribution to governance. The 5elf_osse55ment wa5 lost condvcted in 2025 ond Scheduled to be renewed in 2027. To help to ensure the effective dischorge of Trvstee5' role5 and responsibilitie5, trustees are recruited and developed to provide expertise relating to the charitable company's activities and operating needs. Fundraising standards and customer service PoyPol Glvlng Fund works c105ely wlth all our partner5 to ensure thot thelr charltable glving programs are clearly èxplainèd lo donors and chariliès, and do nol involvè ony unrèasonable intrusion, unrèasonably pèrsistènt cpproachès or unduè pressure to give, in the course of or in connèction with fundraising for thé charity- Through ongoing colloborotion regording customer service, we monitor our fundraising activities and feedback received from donors and charities to ensure that we mointoin high stondord5. PoyPol Giving Fund now benefit5 frorn o well- established front-line customer service team within PayPal's UK customer service OTganisation. We have set a service level ogreement to respond within one working day to oll enquiries. We are a member of the Fundraising Regulator's Scheme, have paid it5 levy on fundraising, and have committed to follow the Code of Fundraising Practice and the Fundraising Promise. We display the Fundraising Regulator'5 badge on our website. We originally supported the Fundraising Regulator, as a member of ils working group, to develop its advice ond guidance for online fundraising platForms, and (where relevant) hove supported ovr partners in ensvring that their programmes meet the standards and principles set out in the guidance. We note that the Fundraising Regulator hos previously highlighted the importonce of clear information in online giving, to which we remoin committed. We also participated in the major consvltalion lounched by the Fundraising regulator on the crèas of tha interest of the charity. Durlng the perlod wè rèceiv￿ no complalnts or Snvèstlgations from the Fvndraisln9 Règulator. Wè recèlvèd dirèctly a tolal of 9 formol comploints Itomparèd to 2 in 20241 primarily from charitiès ond fundraisers who experièntèd dèlays in a¢¢e55ing dontslions dve to ¢ompliante ¢hecks, ¢¢tounl and iechnical issU05, und misvnderslandin9s oround payovt processès. Thè rèlease of a nèw onboarding fiow in QI 2026 Is anlicipolèd to removè somè of thè issuès hlslorlcally ¢n¢ountèred by choritiès whén ènroling with PPGF ond improvè thè usèr expèrièncè. In oll ¢oses WÈ octèd in o¢¢ordonc¢ with our published donotion delivery and donotion refund policie5, dealt with the ¢omploint5 to the cvstomerfs satisfoction, ond closed the cose. PayPdGI￿n9 Fund UK. 2025Annual Reportand Financial StaFernents 20 Our relationshipwith PayPal and PayPal Giving Fund US PoyPal Giving Fund UK IPPGF UK) 15 0 registered chority in England and Wole5 (No. 11105381. We are regulated by the Chority Commission for England and Wales ond were established with o broad remit, allowing us to support any activity classed a5 charitable under English law. PPGF UK ha5 Its own board of trustees, who are the charity trustees and who oversee the management of PPGF UK. At least half the board trustees are independent of PayPal. PPGF UK has as its sole member PayPal Charitable Giving Fund IPPGF USI, a US registered section 501lcll31 non-profit organisation. PPGF US appoints the PPGF UK boord, but the PPGF UK trustees are under o duty to make decisions independently and act in the best interests of PPGF UK. PayPal Inc, a listed US company, provides grant funding to PPGF US in support of its charitable mission, and appoints PPGF US board members. PayPal Inc also provides PPGF US with technical and manogerial support. PayPal Ltd UK Branch provides a range of in-kind support to PPGF UK such as the vs& of ofPic• spoce and transaction pro£èssin9.' whilst PPGF US provides in-kind support to PPGF UK such as systèm and en9ineerln9 SUPPOrt,' and also gives grant funding. Wè usè thi$ funding to cover PPGF UK opèrating cost$, including soma of thè èmploymènt costs of PayPal staff in the UK who arè formally seconded to us from PayPol Inc to carry out PPGF UK work. Where staff are sècondèd to us. they rèmaln èmployèd by PayPal but arè linè managèd wlthin PPGF UK. PPGF UK rèlmbursès PoyPol accordingly for somè of thè staff costs. Thè PPGF UK trustèes ènsure thot this rèpresènls good valuè for PPGF UK 0$ an indèpèndènt ¢hority. This opproo¢h hos boen designed in o¢tordonce with PPGF UK'S rè9ulotory requiremonts ond in porticulor thè Chority Commi55ion gvidon¢e on ¢harities working with non-charities. Ourteam St¢fi ¢r¢ employed by PoyP¢l Ltd UK Br¢n¢h ond formally secondèd to PPGF UK whi¢h, combinèd with o formol leg01 ogreement ond board oversight, ensures the independen¢e of the chority. We report the monogement fee we pay to PoyPal in our occovnt5 to provide transparency on related operating cost5. The charity aims to be an organi5ation where staff enjoy a sense of fulfilment and where they feel 5UPPOrted and developed. Staff are kept fully informed about strategy and objectives, os well as day-to-day news and events, through regular team meetings, including a review of our strategy each year. All staff are encouraged to give their suggestions ond views on performance and strategy. The charity actively supports and encourages diversity and inclusion, and benefits from PayPal's related formal policies, focus on its values, and exlensive training. PoyPal ensures recruitment and promotion decisions ore mode on the basis of aptitvde and ability, and without discrimination. In 2025, we have focvsed on knowledge buildin9 and career pro9ression support throu9h mana9ers' coaching and team sessions. Building on these activities, in 2026, we will maintain our focus on ways of workin9 togather as well as on providing carèèr and parsonal developmènt opportunities leaning on thè comprèhènsivè troining provision offarèd by PayPal. An Individual's pèrformancè Is ossassed throu9h PayPal's annual assessmènt cycle, with regular ona-to-one m•etin9S Wlth managèrs to promotè and ènoblè èmployeè engogèmènt and dèvelopmènl. The ¢hority believes in rew¢rding Stoff foirly for iheir jobs ond fostering o posiliv¢ work erwironm¢nt. To the extent ihal we reimburse PoyPal for some employrnent cost5, we are also responsible for ensvring that ihe chority'5 funds ore used cost- effectively ond oim to achieve a Sensible and proportionate balance in setting pay levels. Salarie5 ore reviewed by line monagers at PPGF UK, in consultation with senior monogement and relevant poy ond reword5 team5 in PoyPol, to ensure they ore both competitive ond rea50noble. PayPdGI￿n9 Fund UK. 2025Annual Reportand Financial StaFernents 21 Risk management, internal controls and delegated authority The trustee5 maintain (J formal risk monagement process to monitor and osse55 business risk5 Qnd implement risk monagement Strategies. Thi5 ha5 involved identifying the types of risk5 the charitable compony foces, prioritising them in terms of potential impact and likelihood of occurrence, and identifying mean5 of mitigating the risk5. The trustees delegate the exercise of certain powers in connection with the management and administration of the charitable company as set out below. This is controlled by the requirement of regular reporting back io the Trustees, $0 that all decision5 made under delegated outhority can be ratified by the Trvstees. Internal controls over all forms of commitment and expenditure continue to be refined to improve efficiency and were reviewed and Updated during the period. Performonce is monitored and appropriate management information is prepared and reviewed re9ularly by the Board. Systems of internal control arè dèsignèd to provide raasonable, but not absolvtè assurance a90inst matarial misstatemènt or loss. They include: A regularly updated strategic plan and annual budget approved by the Trustees,- egvlor ¢onsider¢tion by th¢ trusl¢¢s of finon¢i¢l results, vorian¢es from budgets, non-finon¢iol p¢rformonce indicotors and benchmorking reviews,. Delegalion of doy-to-day monagémènt ovthority ond dutiès, with controls on èxpènditurè decisions by thè CEO, the Country Mangg¢r, the CFO and individual trustees,. Monitoring of the charltablè compony's day-to-doy financial transactlons by the UK Finonclal Controller and accountlng tèam,. Clear axpenses policiès with trusteè approval required for any si9nificont èxpenditur•, and Identification and management of major risks through a risk register, reviewed at most meetings of the trvstees. Durlng the pèrlod, we actlvely revlèwèd a varlety of risks facing thè organlsotlon, with trustee input ot èach board mèèting on thosè risks jud9èd to bè motèrial at thè timè. Thè risks considèrèd by thè trustèès to bè hi9hèsi durin9 ihè period inclvded- Risks associated with dependency on partner activities for the generation of charitable income, which we mitl9ate $0 far os is possible through close engagement with major partners, and by expanding our list of partners to reduce dependence for income on any single partner, ond Risks associated with potential human resovrce challenges within the context of on active job market which we have mitlgoted throvgh staff enga9ement and trainin9, focusing on wellbein9 and inclvsion as well as career development. PayPdGI￿n9 Fund UK. 2025Annual Reportand Financial StaFernents ¥cv We've been proud to be collaborating with Poypal Giving Fund for o number of years, benefittin9 from the'giving ot checkout, feature. Having this national oxposur• and gaining $UPPOrt this woy makos a real difference to ourwork generating the funds for us to conllnve runnlng our life-soving helpline and wellbeing services for LGBTQ+ people. Sgroh M*3uel Dirndorof Fvndrotslry ond Mathting The impact Paypal Giving Fund Makes, not just for LGBT Foundation, but the wider charity sector, is genuinely transformative. For our worl it helps us provide life- changing supportfor thousands of people each and everyyear. Pod Martln OBE LGBT Foundat PuyPdGMry Fund UK. 2025Anrwl Wond An0￿1$￿t8Th￿ts Financial Review Resultsfortheyear The stotamont of flnancial activitias on paga 28 shows total Income of £66.616,958 (2024- £78,626,787) and total exp•nditura of £66,534,29912024- £78,537,253) including £64,988,157 {2024- £76,953,097) distributed to chorities banefitlng from our portn8r pro9rommos. Totol in¢ome fell by164/0 in 2025, moinly due to o significont slowdown in donotion volume from Meto, whi¢h had previously delivered strong levels of support. The reduction in this programme moterially offeded overoll fvndraising performance for the year. Financial position The bolance sheet shows total funds of £657.61612024- £574.957). At the balance sheet date, all funds held by the charitable companywore vnr05tricted. Creditors roso in 2025 due to tho accrual of Gift Aid income followin9 HMRC'S temporary hold on our account whila claims ware under review. This processing delay also lad to a corrasFK>nding increase in dobtors at tho year ènd. Genorol Ivnds of tha charlty on 31 December 2025 wore in surplus by £057.010 (2024- £574,957). Reserves policy The Trustees ore satisfied that the Current position provides svfficient finon¢iol Certainty to ￿ntiNue Ihe ¢hurilobl¢ company's operations in the medium lerm. The trvslee5 have formulated a re5eThes policy for the charitable company. Given the charity's degree of financial secvrity. the charity has a limited need to maintain financial re5erYes. However. reserves may Still be required to: Meet any vnbvdgeted expenditure within the year. Bridge any cash flow i￿ve5 arising Irom delayed payment5 from our parent charity. Wind d¢)wn the charity in the event of an unexpected Ivnding termination le.g., dve to a breach of term5). PrfdGMng FurKI UK. 2025Anrvxl Wrtond Rnarx*lSthm•nts The charity therefore maintains a target level of 6 month5, cosh rvnning costs- approximately £492,850 in ovr budget for 2026. If reserves drop below the target level, the charitywill include a contribution to them in each year's bvdget submission to PPGF US. If reserves are significantly above this level, the charity will apply them to further its purposes in the next financial year. Currently reserves are £164.766 in excess of the target. The charity invests its surplus reserves on a temporary basis, with a view to applying them actively to its choritable purposes. Durin9 the period we contributed £82.65912024 - £89,534) to reserves due to a savin9 on Management fees. We invest retoined reserves in institutions with a view to: Minimising risks by favouring institutions with relatively strong credit ratings, and government backing. Minimising administrative burdens by limiting the number of institutions we must engage with. We oim to hove 0 regulor flow of ovailoble fvnds by.. Keeping at least 50¥0 of OUT reserves target available on an "instant access" bas15. Choosing ony $ovings o¢¢ounts thot ore used io h¢vo o term Ao greotor than 12 month$, ond stoggering ony Such investments on a quarterly bos15. Gifts in kind Thè choritablè company is 9rotefvl to both PoyPal Ltd UK Bronch. which hos providèd office space, cvstomer service support, legal advlce and PayPal feès contributlon valued at £653,04712024 £700,440) in the financial perlod, and to PPGF US, which providèd technlcal and operatlonal support valuèd al £47,41812024 - £70,226) In thè finon¢iol period. Statement of trustees, responsibilities Thè trusteès (who are also dirèctors of PayPal Givin9 Fvnd UK for the purposès of company law) arè responssble for preparin9 thè trustèès, rèport and financiol stotements in ac£ordonce wilh applitoblè law and Uniled Kin9dom Accounting Stondords (United Kingdom Generolly Ac¢epted A¢¢ounting Pro¢ti¢el. Company low require5 the trustee5 to prepore finonciol 5tatement5 for eoch Pinanciol year which give a true ond foir view of the 51ate of affairs of Ihe charitable company and of the income and expendilure of the charitable company for that period. PayPdGI￿n9 Fund UK. 2025Annual Reportand Financial StaFernents 25 In preparing these financial statements, the trustee5 are required to- s•l•ct suitable occountin9 policies and then apply them consistently,. observe the methods and principles in Accounting and Reporting by Charities: Stotement of Recommended Practice applicable to charities preparin9 their accounts in accordance with the Finoncial Reportin9 Standard applicable in the UK and Republic of Ireland {FRS102}; • make judgements and estimates that are reasonable and prudent,. State whether applicable United Kingdom Accounting Siandards have been followed, subject to any material deportvres disclosed ond explained in the finoncial stotements,. and prepare the financial statements on the going concern basi5 unle55 It is inappropriale to presume that the charitable company will continue in operotion. The trustee5 are responsible for keeping adequate accounting records that disclose with Teasonable accuracy at any time the financial posltion of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Each of the trustees confirms thal: 50 far as the trustee is aware, there 15 no relevant audit information of which the charitable company's auditor is vnaware,- and thè trustèè hos takèn all thè stèps that thèy ought to havè tokèn os a trustèè in ordèr to mukè thèmsélf owore of ony relevant audit information and to estobli5h that the choritoble company'5 auditor i5 aware of that information. Thi5 confirmation is given and Should be interpreted in occordonce with the provisions of 5418 of the Companies Act 2006. The trustees are responsible for the maintenance and integrity of financial informotion included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial staternents may differ f rom legislation in other jurisdictions. Expenses The charity operates a strict expenses policy, allowing reirnbursement of reasonable expenses incurred by trustees and staff on the business of the Charity, subject to the prodvclion of appropriate vouchers and receipts through the PayPal expense management system. The PPGF UK CEO olso serves as the CEO of PayPal Giving Fund's US based parent organisation IPPGF USI, and in that capacity typically undertakes additional trovel to the US and other covntries where PayPal Giving Fund operates under the expenses policy of PPGF US, with all personal expenses submitted and reviewed in linè with company policies. Approved bytheTrustees and signed on their behalf by. Vanassa On￿MeM Chair of the Board Date.. 17 March 2026 PayPdGI￿n9 Fund UK. 2025Annual Reportand Financial StaFernents 26 Independent Auditorfs Report to the Members of PayPal Giving Fund UK Opinion We hove audited the financial stotements of PoyPol Giving Fund UK {th¢ Choritable company) for the year ended 31 DecembeT 2025 which comprise Ihe 5totement of financial actiYitie5, bolonce sheel, statement d cash flows ond notes to the financial 5tatement5, including Significant accounting policies. The financial reporting framework applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS102. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice}. In our opinion. the financial stalements: Give a true and fair view of th• stote of tho charitabl• companls offairs as al 31 De¢•mber 2025 and of its incoming r•sour¢•s ond oppli¢otion of resour¢¢s, including its in¢om• ond oxp•nditure for th¢ y￿r thon •nded. Hav• been properly pr•par¢d in accordance with Uniled Kingdom G¢n•rally Ac¢•pted Accounting Pro¢lice. Hove been pr•pored in o¢cordonce with ihe r•qulrem•nts of the Componies Act 2006. PrfdGMng FurKI UK. 2025Anrvxl Wrtond Rnarx*lSthm•nts 27 Basis for opinion We ¢ondu¢ted our ovdil in o¢¢ordon¢e with Internotionol St¢ndord5 on Auditing IUKI I"1SAs IUKI") and opplicoble law. Our rèsponsibilitiès undèr thosè stondords orè furthèr dèscribèd in thè Auditor's rèsponsibilitiès for thé audit of thè fin¢n¢iol st¢tements s¢¢tion of ovr r¢port. We are independent of the choritoble compony in occordonce with the ethicol requirement5 thot are relevant to our oudit of the financiol stotements in the UK, including the FRC'S Ethical Standard and we have fvlfilled our other ethicol responsibilities in accordance with these requirement5. We believe that the audit evidence we have obtained is sufficient ond appropriate to provide a basis for our opinion. Conclusions relating to going con￿rn In ouditing thè flnancial stotemènts, we have Concluded that thè trustèes, usè of thè g0Sng concèrn bosls of accountlng In thè prèporation of thè Pinancial stotèmènts is oppropriatè. Based on the work we hove performed, we hove not identified any moteriol uncertginties relating to events or conditions thot, individuolly or collectively, moy cost significant doubt on PayPol Giving Fvnd UK'5 ability to continue a5 a going concern for a period of at least twelve month5 from when the financial statements are authorised for issue. Our responsibilitie5 and the respon5ibilitie5 of the tTUStee5 Wlth respect to going concern are described in the relevant sections of this report. Other Information Thè othèr information comprisès thè information included in thè trusteès, annual report other than tha financial statements and our avditor's report therèon. The trusteès arè rasponsiblè for the other Information contalned wlthin the annual rèport. Our opinion on thè finoncial slatèmènts doès not cover ihè othèr informotion and, except to tho ¢xtont oih¢rwiso expli¢itly stated in our report, we do not express any form of assurance conclusion ihereon. Our responsibility is to r¢¢d th¢ oiher informolion ond, in doing so, consider wheth&r th¢ oth¢r informotion is m¢teriolly in¢on51Stent with the finon¢iol stoternents or our knowledge obtoined in the Course of the audit, or otherwise appears to be moterially mi55tated. If we identify such material inconsistencies or apparent rnaterial misstaternents, we are required to determine whether this sive5 rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there 15 a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. PayPdGI￿n9 Fund UK. 2025Annual Reportand Financial StaFernents 28 Opinions on other matters prescribed bythe CompaniesArt2006 In ovr opinion, bo$¢d Qn the work vndort¢k¢n in the course of tho audit: The information given in the tru5tees' annvol report for the finonciol yeor for which the financial stotements ore prepared is consistent with the finoncial statements,- and The trvstees, onnuol report hos been prepored in ¢¢¢ordon¢e with oppli¢able legol requirements Matterson which we are required to report byexception In the light of the knowledge and understonding of the choritoble company and ils environment obiained in the course of the audit, w¢ hove not identified moterial mi55tatemgnt5 in the trvstees, onnual report. We have nothing to report in respect of the following m¢lters in relotion to which the Componies Act 2006 ￿qUireS us to report to you if, in our opiniort.. Adequate accounting records have not been kept, or returns adequate for our audit have not been received from branche5 not Yisited by us,. or The financial 5tatement5 are not in agreement with the accounting records and Teturns,. or Certoin di5cIosures of tru5tees' remuneration Specified by low ore not rnade,- or We havè not rècèlved all the Informatlon and èxplanations wè requlre for our audit; or The directors ware not èntitlèd to prepare the financial stolements in accordance with the small componiès regimè and take advantage of thè small companiès, exemptions In prèporing the trustèes, annual report and from the règuirèmènt to prèpare a stratègic rèpoit. Responsibilities of trustees As explained more fully in the 5totement of tTVStees' Tespon5ibilitie5 set out in the trustee5' annual report, the tTUStees (who ore also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free f rom material mi55tatement, whether due to fraud OT error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continve as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting Unless the trvstees either intend to liquidate the choritable compony or lo cease operations, or have no realistic alternative but to do $0. PayPdGI￿n9 Fund UK. 2025Annual Reportand Financial StaFernents 29 Auditorfs responsibilities for the audit of the financial statements Our obje¢tives ¢Jre t¢ obtoin regson¢Jblo ossuronce qb¢ut whether the finqn¢igl 5toternent$ ¢J5 o whole ore free f r¢m molèrial misstatèmènt, whèlhèr duè lo fraud or èrror, and lo issuè on auditor's rèport that includès our opinion. Reasonoblè ossuroncè is o high lévèl of ossuroncè but is not O guorontèè thot an oudit conductèd in accordance with ISAS IUKI will olwoys dete¢t o moteriol misstotement when it exists. Mi55tgtement5 con ¢rise from frovd or error and are considered materiol if, individvally or in the aggregote, they could rea50nobly be expected to influence the economic decision5 of vsers taken on the b0si5 of these financial statements. Irregularities, including fraud, are instances of noncompliance with laws and regulation5. We design procedures in line with our responsibilities, outlined above, to detect material rnisstatements in respect of irregulorities, including fraud. The extent to which our procedure5 are capable of detecting irregularitie5, including f raud are set out below. Capability of the audit in deterting irregularities In identifying and assessing risks of material misstatement in respect of irregularities, including f raud and non- compliance with laws and re9ulations, our procedures included the following: Wè ènquirèd of monogèmènt. which includèd obtolnlng and revlèwlng supportlng documèntallon, concèrnlng thè charity's poli¢i¢s ond procèdures rèloling to: Idantifying. evaluoting, and complying with lows and ragulations and whèthèr they were aware of any instan£&s of non-complioncè,. Detectin9 and responding to the risks of froud and whether they have knowled9e of any actual, suspected, or alleged fraud; The internal controls established to mitigate risks related to fraud or non-compliance with laws and re9ulations. We inspected the minute5 of meetings of those charged with governance. We obtoined on understanding of the legal and regulatory frgrnework that the charity operate5 rn, focusing on those laws and regulotions that had o materiol effect on the finoncial statements or thot hod a fundomentol effect on the operotions of the chority from our professionol and Sector experience. We communi¢ated oppli¢able lows ¢nd regulations throughout th¢ oudit teom ond romoined olort 1¢ ¢ny indicotions of non¢omplionce throughout the audit. We rèvièwed any reports madè to regulators. We reviewed the financial statement disclosures and tested these to supportin9 documentation to assess compliance with applicable laws ond regulations. We performed analytical procedures to identify any vnvsual or unexpected relationships that may indicate risks of material misstatement dve to fraud. PayPdGI￿n9 Fund UK. 2025Annual Reportand Financial StaFernents 30 In addre55ing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustrnents, a55essed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business. Because of the inherent limitation5 of an audit, there is a risk that we will not detect all irregularitie5, including those leading to a rnaterial misstatement in the financial 5tatement5 OT non-compliance with regulation. This risk increases the rnore that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involve5 intentional concealment, forgery, collusion, omission or misrepresentation. A fvrther description of our responsibilities is available on the Financial Reporting Council's web51te at: auditors responsibilities. This description forms part of our auditorfs report. Use of our report This report is made 501ely to the choritoble company's members a5 a body, in accordance with Chapter 3 of Part16 of the Companie5 Act 2006. Our audit work ha5 been undertaken so that we might state to the charltable companys member5 those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we hove formed. Noglia 5grrano (5•nior 5tatutoryAvdilor) Datè: 20 May 2026 For and on behalf of Soyer Vincent LLP, Statutory Audit¢r, 110 Golden Lane, London, ECIY OTG PayPdGI￿n9 Fund UK. 2025Annual Reportand Financial StaFernents 31 Financial Statements Statement of Financial Artivities {incorFX)rating an income and expenditure account) For th• y•qr •nd•d 31 D•c•mb•r2025 Note Unrostricted Restrictod 2025 Unrestrichd Restrirted 2024 IrKom• from: Donations 1.618,232 64,988.157 66.006A89 1.658.799 76.953,097 78.611.896 her 10,569 lo￿09 14.891 14,891 Total inwm• 1.628.801 64,988.157 00.016.958 1,673.690 76.953.097 78.626.78 Exp•ndilur• on: Raisin9 funds 208,359 208.359 206,044 206,044 Charilable a¢tlvill•s Grants lo ¢harllles 1.337,783 64,988.157 66.325.940 1.378,112 76,953,097 78,331.209 Total •xp•ndltur• I546.142 64.988.157 OOJ34.299 I￿84.750 70.953￿97 78￿37. N•t ineom•/ (•xp•ndllur•l and n•t mov•m•nt In fvnds 82,659 82.059 89,534 89,534 R•￿￿¢511at1On of fund&. Oihor comproh•nsiv• income 574,957 574.957 485A23 485,d23 Totgl fundi wrYi•d forward 657￿76 657.010 574957 57495 All of tha above rosults ara dorived from continuing Octivities. Th•re w•re no other r8co9nised gains or loss￿ other than tho$8 statad abo￿. Movem•nt$ in fvnd$ aro disclosad in Nota 120 to the financial slat8m•nts. PrfdGMng FurKI UK. 2025Anrvxl Wrtond An￿￿*15￿M•Thts Balan￿sheet As at 31 December 2025 comF￿nY no. 5507404 Note 2025 2024 Curr•nt qiMt•: Debtors 2.011138 529,317 Cosh at bank and in hand 3,458.607 4,604,949 1)70.745 4134,206 Litibliti•L' Creditors: amount$ falling dufy within one yoor io (5A13.129) (4,559,309) N•twrr•ntoswts 657,616 574,95 Total n•taM•ts 657.610 57495 Th•lundi of th• eharlty: 11a Restricted income fvnds Unrestricted income funds.. General fund5 657,616 574,957 Totol vrbfo$trided fvnd$ 057.010 574,957 Total charityfundj 657.610 574.95 Approved by the trustaes on17 MaKh 2026 and signed on their ￿half by Van•sso Ony•m•m Choir of the Board Andr•w S•ogar Tru5t•o PrfdGMng FurKI UK. 2025Anrvxl Wrtond An￿￿*15￿M•Thts Statementof Cash Flows For the year ended 31 December 2025 2025 2024 Ca•hflows from op•rating a¢tiviti•s Net income / {expenditurel los p¢r the statement of flnonclal activitle$J 82.659 89,534 th¢reose / {in¢reosel in debtors (1082.821) 219,539 Da¢reose In ¢redltors 853.820 138.760 Netcaih (inve•t•d in) 1 g•n•rat•d by op•raling a¢tlvlti•s (1.140.342) 447,833 Clbang• in cuih and ¢aJh •qulvahnts In they•ar (1.140.342) 447,833 Cash and ¢osh 4ulval•nls at th• b•ginning of th¢ yoor 4.604.949 4,157.116 Cash and cash •quival•ntsakth• •nd of th•y•ar 3,458.607 4,604.949 Anatysis•f w•h and (a•h •quivd•nts and of n•td•bt Atl January2025 Cash flows Other non-cash changes At 31 December 2025 Cash at bank and in hand 4,604,949 11,146,342) 3,458,607 Total eath and ¢Mh •qulv¢A•nts 4.604.949 <1.146.342) 3A58M7 PrfdGMng FurKI UK. 2025Anrvxl Wrtond An￿￿￿15￿MInts Notestothe financial statements Forth• y•ar•nd•d 31 D•c•mb•r 2025 l. Accounting policios Statutory information Paypal Giving Fund UK is a ¢horitable ¢ompany limited by guaranteè ond is incorporated in the United Kingdom. The re9iStered office oddress is S Fleet Place, London EC4M 7RD b. Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Chorities: Statement of Recommended Practice opplicable to charities preF>aring their accounts in accordance with the Financial R•portin9 Stondord applicabl• in thè UK and Republic of Ireland IFRS1021- (Charities SORP FRS1021, Thè Finoncial R•portin9 Standard oppiicobl• in the UK and Rapublic of Irèland (FRS1021 and th8 Companias Act 2006. . Public benefit entity The chority megts the definition of a public ￿nefit ¢ntity under FRS102. Critical accounting estimato5 and ar•as of judg•menl The most significant areas ol adjustment and key ossurnptions that affect items in the financial statements ore to do with estimoting prepaymenls and accruals. With respect to the next reporting period, there are no significant ar¢o$ of uncertointy that offect the corrying value ol o$$ets held by the chority. d. Going concam The trusl8ès have o$sessed whether tho Use ol the goin9 concern o$surnption is appropriate in preporing the$e finon¢iol stotements. The trust••s hove mado this ass￿ment in r•sp•ct to a period of one ￿ar Irom thè date of approval of the$? flnancial stotemenl$. The Irusteas hov• concluded that there ar• no material uncèrtainties relat￿ to evants or conditions that may casl significant doubt on the obility of the chority to continue os 0 90ing concarn. This is bècause there ore $ufficlent rwrves at th* balancg shoet dots to continua op8ratin9 tho charity in the mdium torm. . Incom• r•cognition Income is roco9ni$gd in tho poriod in which tho charity 1$ entitl￿ to r•¢elpt, the amount Con be m•o$ured reliabty and it is prob¢bl¢ thot the fvnds will be rKeived. Incorno is deferred only whon tho charity has to hjlfil performance rglated conditions ￿fOre bgcoming ontitled to it or wher8 tho donor or funder has spacifled that the income is to b• wAp8nded in a Ivture accounting period. Donations aro reco9nised when Tecoivabla, receipt is proboble ond the amount can be rnoasur￿ reliobly by the charity. f. Gilh in kind Sorvic85 and facilities donated to the charity for its own use ore included in Incom• ond eX￿nditUre ot thoir market valu8 as at tha tima of the gift. FuyPdGMng FurKI UK. 2025Anrwxl Wrtond RnarthlSthm•nts h. Fvnd a¢¢ounting Restricted funds comprise monies raised for, or their use restricted to, a specific purpose, or contribution5 subject to donor imposed conditions. General funds represent those monies which afe freely available for application towards achieving any charitable purpose that falls within the charity's charitable objects. Expenditure recognition and the basis of apportionin9 costs Expènditure is includèd in thè stotemènt of financial activities when incurred and includes attributablè VAT which connot bè recovèrèd. All expendilvre is occovnted for on an accruals basis. Expendilure comprises of: Expenditure on raising funds includes the direct costs associated with raising funds, which relate to the costs of pvblicising the PayPal Giving Fund progromme. b. Expenditure on charitable activities comprise expenditure on the charity's primary charitablepvrposes os described in the trustèès, rèport. Such costs include: Payment to charities of amounts received from Platform Partner Programmes. Grants payoble. which arè Includèd In thè statement of financlal actlvltiès when approved and when thè Sntèndèd reclpient has èlthèr rècèSved the fvnds, or bèen Informèd of the dèclslon to makè o grant and has satisfièd all rèlatèd conditions. Grants approved but not paid for at the ènd of tha flnanclal pèrlod arè accruèd. Other costs, representing direct and indirect expenditure incurred in order to corry out ond5UPPOrt the Primary purpose of the charity. p. Debiors Debtors arè recognised at thè settlamènt amount, lass any provision for non-recovorobility. Prèpaym6nts arè valued at tha omount prepaid. Thay have bean discounted to the prasent valuè of the future cash recaip* whare such discounting is material. Cash at bank and in hand Cash at bank and in hand represents Such accovnts and instrvments that are available on damond or hav• a maturity of lèss than threa months from thè datè of acqvisition. Creditors and provisions Creditors and provisions ore recognised when there is an obligation at the balanca shèet date as a resvlt of a post event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of thè sèttlemènt can be estimatèd reliably. Crèditors and provisions are recognised at thè amount the charity anliclpatès It will pay to settle thè debt. They have been discounted to the presènt valuè of the future cash paymènt wherè such discounting is matèriol. t. Pensions The charity's èmployeas or• enroled in a dafin&d contribvtion plan. PayPdGI￿n9 Fund UK. 2025Annual Reportand Financial StaFernents 37 2. In¢om• from donotions and1•ga¢iOS Unrestrictsd Restricted 2025 Total UnrestriJght out trustees from PayPal to maximise our charitable impart by identifying shared opportunities. The current trustees include Vane55a Onyemem (Chief Operating Officer, PayPal Evrope) and Simon Bladon (CEO PayPal UK Ltd). 8. Taxatlon PayPal Giving Fvnd UK is a r•gist•r•d ¢hority and th•r•fore is not liablo to in¢om• tox or corporation tax on income derived from it5 charitablg activities, as It falls Wlthin the various exernptions available to registered charitlO5. 9. Debtors 2025 2024 Gift aid recoverable 2￿80.810 504,407 Oiher accrued income 25,328 24,910 IOIZ138 529J17 PrfdGMng FurKI UK. 2025Anrvxl Wrtond An￿￿￿15￿MInts 42 10. Crndltors: amovnti falllng due wlthln one y•ar 2025 2024 Donations to charitie5 5,180.526 4.317,066 Otrher creditors 219.703 229.943 Ac¢ruols 11900 12,300 5A13.129 4559.309 11a. Analysls of not assets b•hvMn fundi (currnnt Y￿r) Génerol unrestrictèd Rèslricttd Total funds Current assots 914,664 5,156,081 6,070,745 Craditors: amounts falling dve wlthin one yaar {257,0481 {5,156,081} {5,413,1291 N•taJsetsth 31 De¢•mb•r2025 057M16 657h16 Ilb. Anal￿1$ of not aM•ts b•twa•n fvnds (prioryear) General unrestrictèd Rèstricted Total funds Current assots 817.475 4.316,791 5,134.266 Creditor5: amounts falling due within one yeor {242,5181 (4,316,791) 14,559.3091 N•taH•tsal 31 D•e•fflb•r 2024 574957 14,957 PrfdGMng FurKI UK. 2025Anrvxl Wrtond An￿￿￿15￿MInts 12a. M¢)v•m•nts In fvnds l¢urr•ntyoarl Th* in¢omo fund$ Of the charity include rostrided funds ¢ompri$ing th? following unexpended balance$ ofdonation$ and grant$ held on trusts to bo applied for specific purpos•s'. Atl Janvary 2025 Income & gains Expenditur• & lomes At 31 D•¢•mb•r 2025 Resirf¢tsd fvnd&' PayPal Giving Fund UK Plorform Portngr Progromme$ 64,988,157 (64,988,157) Total r••trkt•d fvnd• 64,988.157 (64988,157) Unr••lrirl•d fund&. General unrestrl¢ted funds 574.957 1,628,801 ￿￿46,142) 657.015 T¢)tgl fvndl 574.957 06016 958 (06 534 299) 657015 The narrative to explain th• Purpose of •och fvnd is given ot th• foot of th• noto bdow. 12b. pA￿m•nt* in fvnds (prior y•or) The income funds of the charity include restricted funds comprising the following unexpended balance5 ofdonation5 and 9rants held on trusts to be applied for specific purpose5'. Atl Janvary 2024 Income &gains Expendlture & lossas At30 D•umb•r 2024 R••lrf¢l•d fvnd&' PayPal Giving Fund UK Plorform Partner Programmes 76.953,097 176,953,097) Totql r•stri¢t•d funds 70,953,097 (76,953,09n Unrufrirt￿ fund&. General unrostrlctad funds 485A23 1,673,690 11,584,156) 574,957 Total fundi 485A23 78,026,787 574,957 Purposw of rwtrict•d fi•nds PayPol Giving Fund UK Plotform Partn•r Programm This fvnd rgpros&nts amounts held for onward distribvtion to UK charitie PrfdGMng FurKI UK. 2025Anrvxl Wrtond An￿￿￿15￿MInts 13. Liability of member The charity is constituted as a company limited by guarantee. In the event of the charity being wound up the member is reqvired to contribute an omount not exceeding £1. 14. Ultimate controlling party Thè solè member of thè charltable company is thè PayPal Choritoblè Giving Fund {PPGF USI, a United stotes 501lcl {31 non-profit Orgonisotion. The sol¢ mèmbèr of PPGF US is PoyPul In¢. Thè primory purpo$e of PPGF US is 1¢ roise funds for choritoble purposès onlinè and distrsbutè thosè fvnds to othèr charltablè organlsatlons. PayPdGI￿n9 Fund UK. 2025Annual Reportand Financial StaFernents PayPal Giving Fund