2025-12-31-accounts

IJJ Pennies. Annual Report & Financial Statements 2025 Because micro-donations matter. no) ffj

Executive Summary Pennies. Achievements and Perfomiance 2025 2025 was Pennies, strongest year since launch.. our 15th 2nnivers3ry and a record- breaking year for donations, reach and financial sustainability. £15.6m 60.4m raised 263 miCTO-donations +37.6% on 2024 charities supported in 2025 +41.6% 2024 £75m rai¥ed since 2010 305m+ donations I,IIO+ 38 chanties supported since launch new merchants leunched In 2025 Donation Growth and Financial Perfornlance Donation value up 47.6 /oJ volume up 37.6 /. Driven by 38 new merchant or channel launches in 2025, plus a full year of contributions from merchants onboarded during 2024. 70/0+ of operating costs now self-funded from Pennies donations Retained Pennies donations covered ovei 70/. of annual operational expendiiure in 2025, up from 54.370 in 2024- a major step toward full financial independence. Charitable Impact £15,545,358 granted to charities Driven by 38 new merchant or shopping channel launches in 2025, plus a full year of contributions from merchants onboarded during 2024. 263 charities supported in 2025; 1,IIO+ since launch IOOYO of every micro-donation goes to charity, supporting local and national causes, as charities face ongoing fundkng challenges. First international launch outside Republic of Ireland Ptnnies wenL live in Spain wilh a meichant pariner. collecting over £IS,000- a significant milestone (or the internatlDnal expansion of micro-donations. Consumer Reach and Awareness 5 1 /0 of UK consumers now familiar with micro-donations Pennie5 Annual Consumer Research found that awareness of micro-donating has reached the majority of UK consumers for the first time. Significant headroom for further growth Pennie5 donations represent less than 0.2 /D of all UK card transactions. 11 every UK card holder gave Just 35p per week, micro-donations could inject £lbn annually into the charity sector.

Pennies. The impact of micro-donations Seven minutes of micro-donations made by regional co-operative customers could ensure a Samaritans Volunteer is there to answer a life- saving call, helping those who are struggling to cope. One hour of micro-donations made by customers of an online fashion retailer can help Btitish Heart Foundation Provide an hour of access to a powerful microscope- helping researchers see what's going on inside heart and blood vessel cells. Someone made a donation with Pennies every 0.5 seconds in 2025. Five hours of micro-donations from customers shopping with an electronics retailer could fund a laptop for a family- helping a child complete their homework and giving families access to vital financial and healthcare services. One day of micro-donations made at travel food and drink outlets can help LauraLynn fund a music or play therapy session for children in hospice care.

The Pennies Foundation Annual report and financial statements for the year ended 31 December 2025 Registered in England and Wales charity number: 1122489 Reglstered in the Republic of Ireland charity number: 20106331 Registered in the Isle of Man char5ty nurnbar: 1275 181e of Man Company Number: 006181F UK Company number: 6418982 Registered office.. 1st Floor 64 London Wall London, EC2M 5TP Pennp$ Annual Report and Financial Stsl•ments 2025 4137

Contents Legal and Administrative Information The Report of the Trustees Our Values Vision, Objects, Purpose of the Charity, and Public Benefit Slruclure, Governance and Management Financial Review 13 AGhievement and Performance 15 Statement of Trustees. Responsibilities 16 Independent Audilovs Report to the Members of The Pennies Foundation 17 Statement of Financial Activit+8s lincorporaling an income and expenditure accounti . Balance Sheet 20 21 Stslemenl of Cash Flows Notes to the Financial Statements 23 Pennies Annual Roport and Fin8n¢ial State￿nts 2025 5137

Legal and Administrative Information Régistered CharSty Numbers England and Wales Republic of Ireland Isle of Man 1122489 2010fj331 1275 Company Registration Numbers England and W81es Isle of Man 06418982 006181F Goveming Instrumgnt Articles of Assoc*ation (Amended 12 August 20191 Trustees Robert Leiiao Peter Ayliffe Chair Vice Chair, Audit and Risk Committee member Audit and Risk Committee Chair Graham Edwards Penny Lovell Angela Luger Julian Taylor Audit and Risk Committee member Leigh Thomas Paul Bain Appointed 2 April 2025 Chief Executlve Alison Hutchinson C8E Registered Office and Business Address First Floor 64 London Wall London EC2M 5TP Banker HSBC Bank pl¢ 25 Notting Hill Gale London W113JJ Auditor RSM UK Audit LLP 25 Farringdon Street London EC4A 4AB Solicitor Simmons & Simmons LLP Citypoint One Ropemaker St￿1 London EC2Y 9SS Website ennies.or .ukl Pennie8 Annual Report and Financial Statew￿￿t$ 2025 6137

The Report of the Trustees The trustees are pleased to present their annual directors, report together with the financial statements of The Pennies Foundation (working name Pennies'l for the year ended 31 December 2025, which are also prepared to meet the requirements for a directors. teport and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Articles of Associats'on, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The accounts have been prepared in accordance with the provisions applicable lo companies subject lo the small companies regime. Our Values Our Purp)se To make micro-donations easy in an increasingly cashless society. We care to our Core We inspire people to tske action We make things happen We adapt as needed Objects of the Charity The Charity's objects are, for the benefit of the publi¢.. 1. The promotion of the voluntary sector in particular Ibut not exclusively) by encouraging and facilitating charitable giving, assisting in the application of funds for charitable purposes and monitoririg the use of such funds by charitable organisalions., 2. The promotion of the efficiency and effectiveness of charities and the effective use of charitable resources in particular Ibul not exclusively) by providing advice to charities and oryanisalions seeking to maximise charitable giving, exchanging infomialion with such charities and organisations and providing technology and infraslruclure designed lo make it easier lo give lo charty,. and 3. Such other purposes that are exclusively charitable as the trustees from lime to time think fit. Vision, Objects, Purpose of the Charity, and Public Benefit Our Vlslon erever and whenever people pay by card or digitally, they will be given the opportunity to donate a few pence to ¢harily, in a simple, safe and sustainable way. Our Mlsslon To protect and grow micro-donalions- ensuring that the public has cjigital ways lo keep donating the small amounts of money that are so vital for charitable causes, Strategies to Achieve Our Objectives A trusted leader ir> digital micro-donations, Pennies has created a movement that offers businesses a powerfvjl way to demonslrale social purpose, helps charities make a greater impact, and gives eonsumers an affordable way to donate without Cash as part of their daily lives. In an increasingly cashless society, our digital charity box provides an accessible way lo add a small donab'on lo transactions when paying by card, digital wallet or in- app. Penn￿gAnnUal R£port and Financh81 Stslements 2025 7137

Pennies is 8 simple, 8ffordable, and private way to donate, with 100010 of funds raised going to charity. The trustees Consider that, as registered charities are required lo demonstrate explicitly that their aims fulfil the requirements of public benefit, and as our activities are directed towards making grants to charities which are registered with at least one of the Charity Commission for England and Wale5, the Office of the Scottish Charity Regulator, the Charity Commission for Northern Ireland, the Charities Regulatory Aulhonty in the Republic of Ireland, the Association of Jersey Charities, or the Isle of Man Charities Central Registry, our activities are wholly for the public benefit. work with the payments. technology and digital ommerce platform sectors to introduce micro-donalion opporlunilies to more channels, unlocking the functionality for the benefit of the charity sector. We focus on the seGurity and efficiency of digital micro- donaknng. giving oonsumers an easy opportunity to support charib.es as they go about their daily lives. Social Pennies is focused on encouraging and facilitating charitable giving through micro- donations, thereby supporting the UK charitsble sector." Pennies, core purpose is to make micro-donats'ons easy in an increasingly cashless society. In 2025, Pennies facilitated 60.4 million donations generating £15.6m donations and supporting 263 charities. Since launch, Pennies has supported more than 1,110 charities. In addition, by worf(ing with our partners lo enable micro-donating we are helping them to fulfil their own social objectives to give back to the communities in which they operate The charity values its employees and volunteers and seeks lo foster a positive and inclusive working environment. We operate a diverse team. with enhanced holiday allowances, flexible hours, and hybrid working lo support employee wellbeing. By the end of the year. 37.S¥o of trustees were women, and our CEO is female. Public Benefit, Social, Governance and Environmental Matters We provide information about our social impact on our website at hllps'.Ilpennies.org.uklour-impact, lo highlight the breadth of Causes and charities benefilling from Pennies. The trustees confirm that, in carrying out their responsibilities and exercising their powers, they have complied with their duty to have due regard to the guiclance on public benefit published by the Charity Commission for England and Wales. Pennies is independent, enabling it lo lead the micro- donatlon movement for the benefit of the entire charity sector, and we engage across all technologies, merchants, hospitality sectors and channels. Micro- donations could inject £1bn per annum into the UK charity sector if every UK card holder gave just 35p a week. I,IIO+ As sel out in this reFQrt, our charitable activities include implementing Pennies with our partners lo give consumers the option to donate their digital change" whenever they use cards or other digital payment methods to pay for goods and services. The sums collected are donated lo us and we then make grants to approved registered charities. charities supported since launch 263 charities in 2025 alone Penn￿5 Annu81 Report and Finanaal Staiwnents 2025 8137

Governance Structure and Management The charity is registered with the Fundraising Regulator and follows the Code of Fundraising Practice and the Fundraising Promise. The charity's digital donation model is designed to respect donor privacy.. Pennies does not collect or hold personal dats relating lo individual donors and our retail partners undertake not lo conta¢l them about their donabons. The Chsrity is a prThiate company limited by guarantee, intorporated in England and Wales. Further details of registration with the Charity Commission for England and Wales and with other relevant regulatory authorities, including Republic of Ireland, and the Isle of Man, are provided on page 4. During the year, the Charity completed ils deregislralion from the Jersey Financial Services Commission. as this regislrab'on was no longer required. As a technology driven Charity, we maintain robust controls to ensure security and reliability of our systems. Our ba¢k4)ffice systems are hosted on externally managed cloud platforms and are backed up according lo industry standards. We conduct an annual review of our infraslruclure and implement any necessary enhancements to ensure systems remain secure, resilient, and reliable. safeguarding the data we handle on behalf of our partners and donors. The Charity's governing docurnenl is the Articles of Association adopted on 6 November 2007 and amended on 12 August 2019 (the Conslilution). Trustees consider the principles set out in the Charity Govem8nce Code, refreshed in November 2025, when carrying out their duties. Annually the Charity prepares an evaluation of how thÈ Charity applies the Code's principles and ￿comMended practices. The evaluation in 2025 ghowed that most of the Code's recommended good practices are followed. When reviewing the board effectiveness feedback, the trustees identified a requirement to appoint a Iruslee with parbcular experience in payments and technology. A recruitment process commenced and the trustees were delighted to welcome Paul Bain as a trustee on 2 April 2025. We will continue to use the code as a tool to support continuous improvement as the Charity develops. and lo focus on the areas for improvement and further implementation. The liability of the members is limited, and each member agrees to contribute up to £10 in the event of the Charity being wound up. The Iruslees are the only members of the Charity and they automatically become members on appointment to the Board of Trustees (Board). The Charity is registered with the Fundraising R8gulalor and has Committed lo follow the Code of Fundraising Pracb"ce and the Fundraising Promise. In 2025 we received a total of 5 complaints 12024.. 4 complainlsl which is extremely low in the context of the total number of donations for the year which was 60.4 million (2024.. 43.9 million). vve responded to, and resolved, each Complaint with the complainants. Pennies is a pressure- free way lo donate to charity prompted by technology, without the need for a person lo make the ask, allowing the consumer to confidentially choose to (lonale anonymously, as no personal data is asked for or colJe¢ted. Further details on governance arrangements, board composition and risk management can be found in the Slruclure, Govemance and Management section. Environmental The trustees consider that Pennies has a low environmental impact as a digilal-only initiative that does not require the manufacture or transwrt of physical goods. In addition. we occupy a single office lo¢alion easily accessible by public transport, which was refurbished in 2019 with the lalesl energyefficient heating and lighth'ng We are continuing with a hybrid working pallern, introduced in 2021, which means that fewer days are worked in the office, thereby saving a significant portion of staff travel time and the impact that has on the environment. Pennies Annual Report and Finan¢ial Slaterngnls 2025 9137

Trustees The Constitution requires al least three trustees but the￿ is no maximum ntjmber. As set out in the Constitution the trustees have the power al any lime lo appoint any person who is able and willing lo be a Iruslee. Trustees are appointed for an initial term of three years and may be reappointed by the trustees for further terms of three years. In the event that a Trustee has served in office for three Consecutive terms of three years, such Trustee may be reappointed by the Trustees ft)r further terms of three years after the end of their third term in office if 750h of the Trustees resolve that they are reappointed, taking account of the Trustee's contribution to the Board as a whole. This flexibility is of great value lo the Charity in ils still relalwely early years, and in a period of continual rapid growth and development, having a consistency of key board members is very welcome. When recruiting new trustees, the Charity aims lo attract a b￿adth of skills and diversity commensurate with our stage of development as a growing charity. Board appointments are based on merit and whether a candidate has the skills and knowledge to be an effective trustee and has the ability to support the ambitious donation growth targets sel by the Board of Trustees over the short lo medium term. The trustees, who are collectively responsible for the Chanty's governance, for ensuring delivery of our charitable objectives and for setting our strategic diwlion, mel four limes during the year. At each meeting the trustees received a govemance update and discussed the implications for the Charity. The Audit and Risk Committee, which mel h￿tr¢e during the year, has delegated responsibility on behalf of the Board for.. reviewing the financial statements and the application of appropriate accounting policies.. and providing oversight of the external audit process by monitoring and reviewing ils effeGlivene85, independence and objeclNIty- Matters which are reserved to the Board include appointing the Chief Executive, agreeing our strategy, plans and budget, appointing external auditors and approving key policies such as the risk management and investment policies. Management and Staff Prior to appointment, trustees receive a comprehensive induction pack which includes the Constitution. background on Perinies and ils aims, our Code of Conduct for Trustees and Conflict of Interest Policy and information about their role and responsibilities. Both new and existing trustees have the opportunity lo meet regularly with the Chief Executive, the senior management team and other members of staff, and when required further training is arranged for a Iru8lee as an Individual or for the Board as a whole. Responsibility for the daY-l￿daY management of the Charity is delegated to the Chief Exoculive, Alison Hutchinson CBE, within the strategic and ac¢ounlability frameworks established by the trustees and includes resF)onsibilily lo negotiate and enter into agreements on behalf of the Charity in the ordinary course of business. We support the principles of equality, diversity and inclusion in the Charity Govemance Code and take these into account when recrurting trustees, management, and staff, balanced with our specific needs as a growing and changing charity. 1 staff member is registered as disabled (2024.. 11. The following either served as trustees during the financial year 01 were trustees at the date of this report.. Robert Leitao Chair We are actively looking for diversity of input lo better inform the decisions of the Board. In terms of gender diversity, as well as having a female CEO, and by the end of the year 37.5 %12024. 42.9010) of our Iruslees are women. Peter Ayliffe Vice Chair, Audit and Risk Committee Member Audit and Risk Committee Chair Gr8ham Edwards Penny Lovell Angela Luger We have adopted a hybnd working policy of some days in the office and some working from home, which has been welcomed by our staff, and has assisted with recruilmenl by increasing the attractiveness of working with us and broadening the availability of expenenced andidates. Julian Taylor Auditand Riskcommittee Member Leigh Thomas Paul Bain Appointed 2 April 2025 Pennles Annual Rèport arK1 Finanaal Staternonls 2025 10137

The trustees would like to thank our volunteers who support our day-to48y activities such as the members of our three advisory boards who also give their lime voluntarily lo bring their industry experience to bear in supporting the development of our strategy and the pursuit of our objectives. While the value of this contribution is not reco9nised in the financial Statements, in accordance wrth Charities SORP, it is important to the charity's work. 1. Key person dependency principally the unplanned exit or long-term absence of key members of the Pennies team who p055ess charity-critical abilities and knowledge. This 1$ managed by maintaining an attractive remuneration and flexible working policy commensurate with Pennies, size and sector. sharing knowledge across the team, ensuring adequate notice periods are in place in employee contracts and the Implementation of systems to cenlralise and store key contact data and communications. In addition, we are in the prctess of aulomats'ng our core pr(￿esseS as part of the development ofa Trew back-office system, which will further reduce the relian on key personnel. Further detail about the new system is given in this section of the report. Pay Policy for Senior Staff The trustees consider that the Board and the senior management team comprise the key management personnel of Pennies responsible for directing, controlling, and running it on a day-104ay basis. All trustees give their lime freely and no trustee received remuneration in the year. 2. Other micro-donalion schemes - no entity has own8rship of Micr￿donating and there are other propositions in the marketplace. Although we welGome any initiative that aligns with our objective to maximise charitable giving, too many disparate miero4onaling schemes could start to impact on our operating model and poor executions could be confused with Pennies and inadvertently cause reputational damage. Senior staff pay is reviewed annually. Wherever possible, we benchmark salaries paid for comparable roles in the charitable sector adjusting for any additional responsibilities. Pensions and Other Benefrts We have a workplace pension scheme and make the minimum statutory contributions for all enrolled employees. Also 4 employees have employer pension contributions p8id by us as part of a salary sacrifice scheme12024'. 41. This is managed by promoting the value-add and CSR benefits that the Charity brings to both technology partners and retailers through ils experliselsupport. We continue lo develop the Pennies brand with consumers as a trusted and primary micro-donation organisation and transparent charity supporting the wider charity sector through the social impact we enable. It is also worth noting that Pennies donations sb"Il represent less than 0.2°h of all card transactions made in the UK demonstrating the growth potential In this market. There were no additional benefits provided to staff in the year Risk Management The 8oard recognises ils responsibilities for ensuring that an appropriate framework is in place to identify, monitor and miligale risks lo our objectives and has accordingly adopted a Risk Management Policy_ The risk management register is reviewed at least annually by the Board and any issues which could impact the Chanty, including any reputational implications, are raised and discussed by the Trustees at meetings during Ihe year. The register identifies the major risks lo which the Charity is exposed together with the actions and systems in place lo miligale or reduce the exposure to those risks. 3. Cyber-attack - given our reliance on digital technology ihere is an omnl-present risk of such an allack, eounlered by the measures we have in place lo defend our systems and the fact we do not hold any personal or card data which partially devalues its worth to attackers. An attack on us is more likely to be malicious behaviour in an attempt to prevent us from operating. The review carried out in 2025 identified that the key risks are.. Pennies Annual Report and Fin8naal Slaternenls 2025 11137

This is managed by the Pennies donation ask, where prompted by our own systems, being Llesigned lo fail gracefully and the option lo donate simply disappearing. The risk would then be Confined lo the value of donations lost while it is resolved. All of our cloud solutions are externally hosted, managed and backed up per industry standards. an annual budget and a number of reforecasls during the year., the top4own risk profile for the Charity.. the evolving governance requirements and implications for the Charity., regular management accounts highlighting any variances from budget or reforecast,. and monthly updates on progress against strategic objectives. 4. me￿hant stress leading to down-sizing, project deprioritisation or, in the worst case, failure- given the continual challenges lo the retail and hospilalily sector there is a risk of a retailer significantly downsizing, depriorilising projec15 such as Pennies, or ceasing to trade. This is managed by monitoring both donation levels and payment patterns for signs of stress, keeping a close relationship with all major merchant partners including senior sponsors, scheduling regular project touchpoints to ensure momentum is built and maintained during itnplementalion, and having a pipeline of other merchants who could fill the gap if needed. Intemal Controls The trustees have overall responsibility for ensuring that we have in place appropriate financial and other systems and controls lo provide assurance that we.. operate efficiently and effectively,. safeguard our assets against unaulhorised use., maintain accurate financi81 and other records., and comply with relevant laws. The systems of financial control are designed lo provide a reasonable bul not absolute level of effectiveness and include.. an operational plan and annual budget., annual review of the risk management register", regular monitoring of actual results against budgets and forecasts,. and delegation of authority lo the Chief Executive for expenditure and committrng the Charty within the agreed budgets. During the year the trustees met 4 times {2024'. 41 to review our progress and, where required, approve the following". reports from the exeGutive team on progress against plans., Penn￿5 Annu81 Report and Financkql Statements 2025 12137

Financial Review Since launching in 2010 up to the end of 2025, consumer donations to Pennies have continued lo grow subslanlially, having raised a total of £75m from over 305m consumer micro donations, from which we have made grants lotalling £69m to more than 1,110 charities across a breadth of Causes, and retained £5.gm for our own charitable purposes. payable and donated services and facililiesl was covered by retained Pennies donalions12024.' 54.3 %). This percentage is expected to increase over the coming years as Pennies donations grow. The Statement of Financial Activities Shows total resour¢es expended of £16,260,337 (2024.. £11,352,038} which is analysed In note 3 to the financial stslemenls. This represents an increase of 43.2Yo compared to last year largely due to an increase in grants payable. Of the resources expended, £15,545,35812024'. £10,974,5551 was spent directly on charitable aclivilies, the majority in the form of grants to other charities, £577,449 12024.. £256,947) wa5 spent supporting charitable aclivilies, and £137,530 12024.. £120,5361 was spent on governance. The Statement of Financial Activities on page 20 shows total incoming resources of £16,423,042 12024". £11,450,2841 which is analysed in note 2 to the financial stalemenls. This represents an increase of 43.4, compared to the previous year. In 2025 income from Pennies donations increased to £15,590,23812024.. £10.565,4601, which represents an in¢rease of 47.60/0 compared to the previous year. This in¢rease was due lo a full year of donation5 in 2025 from merchants who launched Pennies during 2024 and from 38 new merchant or merchant shopping channels who launched in 2025. Income from Companies, foundations and individuals during the year was £496.388 12024.. £755,336), the details of all of the above can be found in note 2 to the financial stalemenls. (5" 37.6% increase in volume of donations In January 2024 the Charity commenced an office sharing arrangement which resulted in income in 2025 of £46,34412024'. £42,574}- 47.6% increase in Pennies donations in 2025 Al the balance sheet date, we held funds of £1,664.231 {2024. £1,496,202), all of which 12024.. 100QAI is unrestricted and available for general use. 305 million micro-donations made since launch All cash fund5 are he￿d at our banker5 IHSBCI, either in current account or in an inlerest-bearing account on either short term deposit or with instant withdrawal. We are extremely grateful for the generous donations from individuals, companies and charitable foundations that support the Charity and provide funding for our core Costs. Overtime, as Pennies grows, we aim lo become self-suffi¢ienl from the small perGentsge of retained Pennies donations. In 2025 over 70'A of annual operational expenditure Ilotal expenditure less grants Penni8s Annual R8POrt and Financial Statemènts 2025 13rJ7

Investment Policy trustees invite them as appropriate to nominate charities to benefit from a major proportion of the funds they Our investment policy is lo retain funds in a liquid form to facilitste meeting the costs incurred in the furtherance of our objectives and lo enable us lo make timely grant payments to nominated and approved charities. Our funds are therefore either held in a current account or in liquid inlerest-bearing bank deposit accounts with our bankers, HSBC. The trustees keep the policy under review to ensure il ￿MaInS appropriate in light of the expected growth of our income in the short lo medium term. raise, provided that the nominees compty with our overall criteria and on-going requirements. These afways include complying with applicable legislation and the provision of impact information in respect of the grants. All grants made by us are to charities registered with the Charity Commission for England and Wales or the equivalent in Scotland, Northem Ireland, the Republic of Ireland, Jersey, or the Isle of Man. The aims of the harilies must fall within, or be analogous to, the descriptions of charrtable purposes as set out in the CharilEs AGI 2011 and they must be able lo demonslrale public benefit as defined by the Charity Commission of England and Vvales. Reserves Policy and Going Con￿rn The Iruslees are aware of the requirement for charities lo manage the level of reserves that they hold and lo adopt a policy which determines the level of reserves which they believe would be appropriate lo maintain_ At the end of the year the balance of unreslricled funds held had increased slightly over the previous year at £1.66m 12024. £1.49ml. which is slightly above the target level lo maintain a general reserve of unrestricted funds equal lo at least nine months, operational expenditure on a forward-looking basis, but is expected to be more in line with the target du6 to the plaftned increase in operating costs in 2026. Funding is not available to individuals or unregistered bodies, and we will not support charities having the principal objective of the advancement of religion or political activism. Charities delivering a wide range of services, acrogs a breadth of causes, were supported during the year. Our website Ihtt s'.11 ennies or .ukll has information about the charrties that we have supported and continue to support. Note 4 to the accounts also gives details of all charities that received a grant in excess of £5,000 during the year or previous year. The trustee$ have considered the current level of reserves, and the evident sustainability of the Pennies model. They have also reviewed available liquid resources in the context of the operating and spending plans over the next 18-month period, together wrth the ability to raise further funds or curtail spending if required. Based on these considerations, the trustees believe that we have sufficient financial resources lo ontinue in operational existence for the foreseeable future and that we are well placed to manage our operating risks successfully. We require all the benefitting charities, on request, to provide representative information about how grants are used and the difference they make lo their beneficiaries. The information is published on our website and also regularly disseminated using social and other media. This includes working with benefitting charities who themselves are grant makers to understand and monitor how PennSes' grants have been used in the furtherance of their objectives. Further infomialion is available in the published accounts of the benefitting charities. The trustees have therefore continued lo adopt the going concern basis of accounting in preparing the annual financial Slatemenls. There is no material uncertainty about our ability to continue as a going concern. Grant Making Policy The Board has full responsibility for the distribution of all funds under its management. Recognising the important role of merchants and payment seNice providers in enabling us to raise money and make grant payments to other charib'es, the Pennie5 Annual Report and Fina￿￿91 Statèments 2025 14137

Achievement and Performance 2025 was a milestone year for Pennies, with significant growth and several important deVelOp￿￿nIs.. Pennies celebrated its 1 Slh anniversary, having raised £75m in donations from more than 300 million micro-donations since launching in 2010. 2025 was a strong year for Pennies wrth £15.6m mised from 60.4 million donations. representing a 47.60/0 increase in donation value and a 37.60/0 increase in volume from 2024. Strategy and Plans for Future Periods We are working with our existing merchant partners lo increase donation levels by improving donation conversion levels and exploring new shopping channels where Pennies is not currently offered. We a￿ also focLJSgd on growing Pennies donations by implementing the Pennies donation option with new merchants, across more sectors and channels. We continue lo develop new solutions lo create more opportunities, including Pennies API and cartridges for both in-slore and online donations and ensuring we stay aligned with emerging trends in the payments sector. Overthe next three years, we will also launch an agency strategy to drive further donations from online merchants. We launched in Spain with one of our partners, collecting over É18k, our first international launch outside of the Republic of Ireland. We welcomed Paul Bain to our Board of Trustees. Paul brings a wealth of experience from a decade-long career in technical solutions within the technology sector. In 2025 we invested In developing a new back- office systern to support our growth plans, enhancing our operational capabilities, and enabling us to lake advantage of modern technology platforms. Findings from the Pennies Consumer Survey 2025 showed that 51YD of UK consumers are now familiar with micro-donalions. We will strengthen our relationships with charities to support more effective impact storytelling and develop case studies demonstrating the benefits of Pennies micro-donalions. In 2026, we will transition to our newly developed back- office system, enhancing data analysis capabilities, operational resilience, and reF)Orting. We will also make significant investment in developing merchant and charity reporting portals to enable self-service access lo key data, supporting stronger engagement with partners and more timely insight into donation performance. Since 2010, Pennies has supported more than 1,110 Gharilies. Our overall aim remains to grow Pennies micro- donations signifieanfjy by expanding consumer access and increasing engagement, while raising awareness of the resulting positive impact. P*nnles t)orMtlon V•kne £20M £16M £12 Over the longer term we are aiming, and are on track. to fully cover our core costs from a small percentage of Pennies donations. Until we reach that point, we will continue to seek funding from foundations, individuals and other organisations to support eore costs not yot fully covered by retained Pennies donations. £4 2QIS 2017 2019 2021 2(Q3 2￿4 2025 Pennles Donatlon Volun Related Parties 7th1 2DPJ Related Paty transactions are disclosed in Note 8 to the financial stalemonls. . 3(•A 21 2015 2017 2019 2021 2￿3 2￿4 2Q25 Pennies Annual Report and FinanGial Slatempnts 2025 Isr37

Statement of Trustees, Responsibilities The trustees {who are also directors of The Pennies Foundab'on for the purposes of company lawl are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi¢el. Legislation in the United Kingciom goveming the preparation and dissemination of financial statements may differ from legislation in olhei jurisdictions. This report has been prepared in accordance with the special provisions relating lo srnall Companies sel out in ststulory Instrument 20081409 under the Companies Act 2006. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs ofthe charitsble company and of the incoming resources ancl application of resources, including the income and expenditure, of the charitsble company for that period. Signed on behalf of the Board of Trustees In preparing these financial statements, the Iruslees are required lo.. seleel suitable accounting policies and then apply them consislenlly", observe the methods and principles in the Charities SORP., make judgments and estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards have been followed, subje¢l to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charitable company will continue in business. Robert Leitao Chair 16 June 2026 The Iruslees are responsible for keeping proper accounting records that olisclose with reasonable accuracy at any lime the financial posrtion of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are algo responsible for safeguarding the assets of the charitable company and hence for taking reasonable slops for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. there is no relevant audit information of which the charitable company's auditor is unaware., and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. The Iruslees are responsible for the maintenance and integrity of the corporate and financial infomialion included on the charitable company's website. Pennies Annual Report and Finan¢ial Ststements 2025 16137

Independent audltor's report to the Members of The Pennies Foundation Opinion We have audited the financial statements of The Pennies Foundation Ilhe 'charit8ble company'l for the year ended 31 December 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes lo the financial Statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including FRS 102 "The Financial Reporting Standard appl￿ble in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounb'ng Practice). significant doubl on the charilabie company's ability to continue as a going concern for a period of at least elve months from when the financial ststements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the Annual Report other than the finaneial statements 8nd our audilorfs report Ihereon. The Iruslees are responsible for the other information contained within the Annual Report. Our opinion on the fi'nancial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other infomialion and, in doing so, consider whether the other information is materially inconsislenl with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially mi5slated. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise to a material misstalemenl in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required lo report that fact. In our opinion the financial statements.. give a true and fair view of the state of the charitsble company's affairs as at 31 December 2025 and of ils incoming resources and application of resources, including ils income and expenditure, for the year the ended., have been properly prepared in accordance wrth United Kingdom Generally Accepted Accounting Pra¢lice', and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are fijrther described in the Auditor's responsibilities for the audit of thè financial slalements section of our report. We are independent of the charitable company in accordance with the ethical reqLJiremenls that are relevant lo our audit of the financial stalewenls in the UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden￿ we have obtsined is sufficient and appropriate lo provide a basis for our opinion. We have nothing lo report in this regard. Opinions on other matters pre￿rIbed by the Companies Act 2006 In our opinion, based on the work undertaken in the ourse of the audit.. the information given in the Trustees, Report, which includes the Directors, Report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consislenl with the financial $talemenls,' and the Directors, Report inclLJded within the Trustees, Report has been prepared in aceordance with applicable legal requirements. Conclusions relating to going con￿rn In audib.ng the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, indivtdually or collectively. may cast Penn￿& Annual Report and Fin8n¢ial Statements 2025 17137

Matters on which we are required to report by exception free from material misstatement, whether due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assuran￿ is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misslalement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of thes& financial slatemenls. In the light of the knowledge and understanding of the charitable company and ils environment obtained in the course of the audit, we have not identified material misstalemenls In the Dire¢tor5' Report included within the Trustees, Report. We have nothing to report in ￿SPect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records hav& not been kept, or returns adequate for our audit have not been received from branches not visited by us", or the financial statements are not in agreement with the accounting records and retums., or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the informatK)n and explanations we require for our audit,. or the Trustees were not enlilled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies exemption from tha requirement to prepare a Strategic Report or in preparing Trustees, ReporL The exlenl lo which the audit was considered capable of detecting irregularities, including fraud irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the delerminalion of material amounts and disclosures in the financial statements, to perform audit prO￿dureS to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and lo respond appropriately to identified or suspected non-compliance with laws and regulations identified dLJring the audit. In relation to fraud, the objectives of our audit are to Identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit eviden￿ regarding the assessed risks of material misstatement due lo fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, responsibilities sel out on page 16 the trustees (who aro also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements 2nd 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 preparab'on of financial stslements that are free from material misstalernenl, whether due to fraud or error. However, il is the primary responsibility of management, with the oversight of those charged with governance. lo ensure that the entity's ope￿tionS are Gonducted in Sccordance with the provisions of laws and regulations and for the prevention and dele¢lion of fraud. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, th¢ audit engagetnent team.. obtained an understanding of the nature of the sector, including the legal and wulatory frameworks that the charitable company operates in and how the charitable company is complying with the legal and regulatory frameworks., inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud.. discussed matters about non-compliance with laws and regulations and how fraud might In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concem, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operation5, or have no realistic alternative bul to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are Pennies Annual Repert and Financial Slat8rnenls 2028 18137

occur including assessment of how and where the financial statements may be susceptible to fraud. slate lo them in an auditor's 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 have formed. As a result of these procedures, we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, Charities SORP IFRS 1021, Companies Act 2006, Charities Act 2011, the charitable company's goveming document, lax le9islalion and Charities (Proleclion and So¢ial Inveslmenll AGI 2016. We performed audit procedures lo delecl non-compliances which may have a material impact on the financial statements which included reviewing the fi'nancial slalemenls including the Trustees, Report, remaining alert to new or unusual transactions which may not be in accordance with the governing documents, inspecting non-routine correspondence with local lax authorities and evaluating advice received fmm inlernallexternal advisors. SM LLP HANNAH CATCHPOOL {Sonior Statutory Auditor) For and on behalf of RSM UK AUDIT LLP, Statutory Auditor Chartered Accountants 25 Farringdon Street London EC4A 4AB The most significant laws and regulations that have an indirect impact on the financial statements are those in relation to Fundraising Regulations 8nd the Code of Fundraising Practice. We performed audit procedures to inquire of management whether the charit2ble company is in compliance with these laws and regulations and inspected correspondence wrth regulatory aulhorilies. Dale 11 IOL The audit engagement team identified the risk of management override of controls and income recognition as the areas where the financial slalemenls were most susceptible to material misslatemenl due to fraud. Audit procedures performed included bul were not limited lo lesling manual journal entries and other adjustment5, evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the nomal course of business and reviewing income transactions lo test whether these have been recognised in line with the applicable accounting policy. A further description of our responsibiliti•s for tho audit of the financial statements is located on the Financial Reporting Council's weL>sile al http.llwww.fic.org.uklaudilorsresponsibililies. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has tEen undertaken so that we might stale lo the charitable company's members those matters we are required to PennK?$ Annual Report and Flnancral Staltments 2025 19137

The Pennies Foundation Statement of Financial Activities (incorporating an income and expénditure account) For the year ended 31 Decembef 2025 2C12S Total Unrestricted 2024 Total Unreslrictetj Restrf¢ted R6stri¢led Notg Incomo from.. Donations Inleslmenls Other In¢c4re 2, 18-20 2.116,357 36,607 14.223.734 16,240,091 36,607 1.654.012 47.683 42.574 9.7(￿,015 11,￿,027 47.683 42.574 Total incorn• 2.199.308.(M) 14.223.734 16,423,047 1.744.269 9.7￿.015 11.4M,284 Èxpondltur• on.. Charitable &C11141E$ 3, 1&20 2.036.e03 14.223.734 16,260,337 1,646,023 9.706,015 11.￿2,038 Totsi gyp8ndlturè 2,036,603 14.223,734 16.260.337 1.646.023 9,706.015 11,352.038 Net ex¢hange gain unrealised 5.324 5.324 Met Inwm• forth8 yoar 168.029 164029 98,246 98,246 Ngt movomént in ￿nd8 168,029 168,029 98.246 98,246 R6¢onciliation of fund5'. Talal fijnds bnwht forward 1,496,202 1.496,202 1.397,956 1.397.956 Totsl funds carrlod fotward 1.664.231 1,664.231 1,4.202 1,4￿,202 All oflhe abo re$ulls ar8 deri￿￿ from continuing act1￿lieS. There we¢ no oth8r ￿¢0￿n￿￿ed 98in$ or losses otherthan those stated abthe. Mokement5 in fvnds are disclosed in Note 16a 10 the financial stafemenls. Pbnni8s Annual Report and Financial Statement8 2025 20137

The Pennies Foundation Balance Sheet as at 31 December 2025 Company number 6418982 2025 2024 Note Fixed assets: Intangible assets Tangible assèts 10 287,884 25,761 102,212 39.981 Current assets: Debtor5 C8sh at bank and in hand 313,64S 142,193 13 2,349,727 2.745,970 1,531,555 2,446,814 Liobilitiès= Creditors.. amounts falling due within one y6ar 5,095,697 3,978,369 14 13,745,111) 12,624,36C>I Nèt Currant assets 1.350,586 1.354.009 Totsl ass8ts less ¢urrent liabilitles 1.664,231 1,496,202 Total net assèts 1,664,231 1,496.202 The funds of the ¢harity'. Unrestricted in¢otne funds". General fund5 15 1,664,231 1,496,202 Total unreslrict8d funds 1,664,231 1.496,202 Total Charity funds 1,664,231 1,496.202 These accounts have been prepared in aecordance with the provisions applicable io companies subject lo the small companies rgglme. The financial st*ements on pag85 20 to 37 are approved by the trustees and authorised for Issue on 16 June 2026 and signed on their behalf by Robert Leitao Chair Graham Edwards Audit ￿nd Risk Commttt9e Chair Pennies Annual Report and Financial Slatern8nt8 2025 21137

The Pennies Foundation Statement of Cash Flows for the year ended 31 December 2025 Note 2025 2024 Cash flows from opgfdtFng aciivltl•s 17 525,ÈM4 251.548 Cash flows from inves￿n0 aetivitie Interest income Purchase of intangible fixed assets Purchase of tangrble fixed assets 36.807 238,4641 114,8791 47,683 136.7501 18.2781 Net cash lustrd Inl I provlded by investtng activities 1216,7261 2,6 Change In cash and cash equivalents in the reporting pèriod 308,718 254,204 Cash and cash ￿Ul￿lent$ at the beglnning of the ￿porting period Change in cash and Cash equiwlents due to exchange rate mokements 1444814 2.192,610 19.5621 Ca8h and cash eqtsivalent8 at the end of the reportlng porlod 1746.970 2,446,814 Pennies Annual Report and Financk?I Statements 2025

The Pennies Foundation Notes to the Financial Statements for the year ended 31 December 2025 1 Accoundng pollcles al Statutory infomiallon The Pennies Foundation is a chanlable company limited by gugranlee and is incorpored in England 2tKI Waleg. Thg r8gisl¥ed office address 1$ First Floor, 64 London Wdl, LoThYon. EC2M 5TP. bl Basis of preparation The financial statèmerrts haw b8en prepared in accordance wth Accounting and Reporting by Charities.. Statement of Recommend￿ Pra¢tice applicablè lo charities preparing their COLSnts in accordance with the Financial Reporting Standard ap￿1¢able in thè UK and RepUt￿lC of Ireland IFRS 1021- (Charities SORP FRS 1021, and the Companiès Act 2(1￿. Assets and liabilitie5 are initially ￿Ognised at historical Gost or transaction value unless otherwise stated in the relevant accounting policy or note. The Charity is a company limited by guarant89. The tnJstee$ are also members ol the company, a r￿iSter of ¥thich is hdd at th Ch8rity's business address. In the ant of the Charity being wound up, the liat41ity in respxt of the guarantee is lirnited to £10 per mernber ofthe Charity. The financial 8tatements are p￿sented in GBP pounds st8rting 1£), whiGh is the functiond currency of the Charity, and all ￿u6$ are rounded to the nearest £, except where indicated. ¢1 Publlc benofit ofi￿ty The charitable compary meets the d8finition of a public ￿nefft entity under FRS 102. dl Going concèm The trustees ha¥E considerèd the current le%el of reser￿8, arKI the e%idenl sustainaixlity ol the Pellnies mcKlel as dernonstrsted by the resilience in donation le￿1$ in 2025, and ha￿ reK4ewed ak8ilable liquid resources In th8 context of the operating and spending plans for at least thè 12 Month P￿0￿ to June 2027, together ¥Mth the ability to raise further funds or curtail spervjirpj il reqijired. Based on these consid￿allonS, the trustees bdie%e th8t we ha￿ sufficient financial resources tci continw in operational eXist￿ce ft)r fore5ee8ble futuo and that we are well pla¢ed to manage our operating risks successfvlly. The trustees h8 therefore continued to adopt the going concem basis of accounting in p￿parIng the annual financial Statements. The trustees Llo not consider that thére a￿ any sources of eslimalion unGertainty at the reporting date that hale a significant risk of causing a material adjustment to the carrying amounts ol Bssets and liabilities ￿￿thIN the next iewrting period. ¢1 Donation and grant incomo Donation income is included in the Stat￿eTrt of Fin8ncia Actimties then Charity bocchnes enlilled lo the ￿sOurCes. the receipt is Fxobable. and the donation is measurable. Grant income is r￿gnis￿l then the Charity has entitlement to the fijnds. any performarce conditions attached lo the grants hake been met, it is probable that the i￿Orne bè recei￿d aNI the amourrt can be measured reliably. fj Donations of gi￿ *rvl¢e5 and faclllties Donated professional seNces and donated facilities are rscogni68d as income when the Charity has control 0￿[ the or rec￿￿(] the seNce. any conditions associated ￿th the donation ha￿ been met, the receipt of economic b8nefit from the use by the Ch￿tY of the item 18 probablè and that economic kEnefit ¢8n be measured ￿lIablY. In accordance with the Chaiities SORP IFRS 1021, lunteer tirne is not recognised Mt the trustees, report has morè infomation about th￿r contribution on page 11. Donated gifts, professional soThices and donated facilities are recognised upon receipt on the basis ol thè value of the gift to the Charity which is the amount the Charity would h2￿ been ￿￿llIng to pay to obtain seNces or frdcililies of equivalent economic benefit on the o￿n mart(8t," a corr&stK)nding amount is then recognised in expenditure in the period of rec&pl. Pennies Annual Report and Financral Statements 2025 23137

The Pennies Foundation Notes to the Financial Statements for the year ended 31 December 2025 l Accounting polici•s leon￿￿￿#d> gl Int&￿¥t receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity", this Is nomalty upon notification of the intèrest paid or payable by the bank. h) Fund accountinu R8Stricted ￿Thd$ are to be used In accordance with specific reStrict￿n$ imposed by donors or ¥vhich ha￿ been raised by the Gharity (Dr parti¢ular purpos88. The aim and use of each restricted fijnd is Set out in the notes to the financial statements. Unre8tricted fiJn(ts are donations and other incoming resources which are a￿lIable br use at the discretion of the twstees in rthetsnce of the g&neral objects of Charity and which hale not been designated for a $pecific purpose. Expendlture 8nd irrecoverable VAT Expenditure is recogni$ed once there is a legal or constmcti obligation to m8ke a payment to a third party, it is piobablo that seltl&ment will be wuir8d and the am¢unt of the obligation can be measu￿￿ rdiably. Expenditure on charitab18 actliitie$ includes tha costs of en¢ouraging and frd¢ilitating charitable gimng using technOl￿Y supporting m1¢rogi￿n9 at the point of sale with r8taS1 partners. undertaken to fijrther the putposes of Ch4rity its os¥ociated support and go¥emance cost$. The Charity does not make VAT related $upplies and 15 unable to ￿¢￿r VAT. Irre¢owable VAT 18 charyed as a cost against the actiitity forwhich the expenditure was Incur￿d. jl Grants payable Gwits pay&ble a￿ made to other charities in furtherance of the Charity's objects. Grants are accounted for when the recipiont ha5 reasonable expectation that they will ￿celle a grant ar￿ tha trLJSt8ès ha￿ agreed to pay the grant wthout condition. kl Alloratlon of wpport Costs Rèsources expended are allocated to tha particular acti%ity where the cost relates diEtt￿ to that actiwty. The cost of ov&rall direction and administration of eaGh act1i4ty, comprising Salary and orhead costs, is apportioned on the basis of estimateil staff time of the amount attributable to each actiiify. G0￿ManCe costs a￿ the costs associated with the go¥emanc8 arrangements of the Charity. These costs a￿ associated wth constitutional and statutory requirements and include any co8t$ associated the strategic management of the Charity's actilitiès. l) Operating leases R￿t￿lS payable L￿der operating lea58s a￿ charged on a straight line basi$ ov8r th• t8mi of the le&se. rnl Flxed a88ets Both tangibl8 and intangible a#set$ wth a cost in excess of £500 arE capitalis8d. As58ts are remewed for impairment if circumstances indicate their Gatrying ￿lue may ex¢eEd their net realisable ￿lue and Value in use. A5set$ under construction are not depte¢iated and compri58 expenditu￿ on the pur¢hase, creation or anhancèment of tangible or intangible assets not brought into use at the Balance Sheet date. Transf8rs a￿ made from assets UTKler construction to the rele￿nt category of as$gt the asset IS bThght into use. D8preciation is proiided at rates calcLtlat&d to wnte down the eost of èach •ssÈt to its estimated residual ￿lue owr its 8xpect6d Useful lrfe. Th? depreciation rates in use are a8 follows". Tangibl• as80ts Leasehold Improments Offic fvmitu Compuier and offic& equipment Intangible awts Systems 50ftware Other computer Software 0￿r the Its of the18ase 8 yèars 3 yaars 5 years 3 years Pennies Annual Report and Financial StateTr*nt5 2025 24137

The Pennies Foundatlon Notes to the Financial Statements for the year ended 31 December 2025 1 Accounting poltcie8 l¢ontinuedl n} Donor advlsod fund Pennies Fund is 8 d0nor-a(bAs￿l fund established wthin the King BaL¥Jouin Foundation IKBFI. tk)nations collected from merchants in Europe are deposited Into thè fund and granted out to the Charities nominated by the Merchant. The charity reG￿niseS the net arnount recava￿a as unrestricted income. alter deducting g￿ntS payabl8 to the nominated charities KBF'S Èdministratl uction. ol DgbtorB other debtors are reC￿nISed at the Sattlement amount due. PrÉpayment$ are ￿lUe￿ at the amount prepaid net of any tradè dis¢wnts due. Accrued in¢ome is recognised ￿rythIn debtor5 dependent on ￿en it is anticipated that this is reCei￿re. pl Cash at bank and In hand C2$h at bank and cash In haNJ Includes cash short t8rn1 highly liquid inEstments wth 2 5hLKt m2turity of th￿e months or less frorn the date of a¢quisition or oFening of the deposit or similar aCt￿nt. ql Foreign Curren¢ie8 Foreign cU￿encY balances (Euros) hale been translated * the rate ofaxchange ruling at the balance sheet date into 5terfing. Income and expenditure transaction8 Incutrad in kneign CUrr￿¢Y h8 been translated during the course of the period at the rate of exchange ruling at the time of transaction. rl Creditors and provisons cred￿t0[5 and proiisions are wognisgd ￿ere th8 Charity h8s a present obligalicn resulting from a past e¥ent that Nwill prctsbly result in the transfgr of fijnds to a third party and th& arnount due to sattle the obligation can be measured or estimated roliably. CreditorE snd promsions are nomidly recognl$ed at th&r settl￿ellt amount after allwng for any trade discount$ (kne. 8) Financial instruments Th8 Chanty only has financial assets and financial lia￿litIeS of a kind that quaify as basi¢ financial instruments. Basic financial instruments ar8 recoanised at trans8¢tiOn k8lue and subseqwnly measured at their settlement Wdlue. tl Pensor The Charity has a w)d(place ￿nsion mO￿Y purchase scheme for employees op6rated by The Pecple's Pension. Em ￿0yeeS are automatically enrdled into thi$ 5chemÈ unless they hake exercised their Tight to opt out of schame Mem￿r$hip. Employees joining the sc￿rne contract d1￿ctlY with The Peoples Pension. The Charity makes a ¢ontribulion of 3% of $alary 12024." 3Q/tsl ar￿ acts as an agent In eollecting arKI paying o¥er contributions The contributions for the aGcounting IEriod are treated a5 2n expense and were £51,95512024'. £31.9341. Thwe were no contri&Jtions owng at the year eNJ12024.. £2,9431. ul Judgaments in applying aeeounting poli¢lès and key ￿r¢e8 of estimatlon uncertainty The trustees ha wewecl the ￿oUnt8 and b8118* there to be no material judgements apdied in or e3timation unc¥tainty insludad in the financial statem6nt$ Pennies Annual Reptsrt and Financial Statements 2025 25137

The Pennies Foundation Notes to the Financial Statements for the year ended 31 December 2025 2 Analy4s of incomlng rèsources Unre$tricted Restricted 2025 Total 2024 Total Voluntary Income Donations to Pennies C'Penni8s donations") Corporatè$ and Foundations Oak Foundation Pears Fcwndation Other donations 1,390,5e9 14, 199,649 15,690,238 10,565,4EI) 100,(X 100.000 100,CKX) 300,C 355,336 372,303 24,085 396,388 0th8r Income offi¢8 recharge income Donated nfices Marketillg serlces other serMGe5 Computer software lic￿CeS 46,344 42,574 1,919 231,299 20,247 1,919 231.299 20.247 2,800 34,231 2,2(M) 2.162,701 Inv8tment Income Bank interest 14,223.734 16.384435 11,402,601 36.607 36,607 47,683 2,199,308 14223,734 16,423,042 11,450,284 Pennies donations con8lSt of micro donations made by rnembets of the publi¢ ila Pennies, the digital charity box. The trust88$ hale agreed to grant a proportion of Pennies donations to charities reg15tered wlh the Charity Cornmission br England and Wales or the eqUI￿lent in Scotland, Northem Ireland, the Republic of Ireland, Jersey, or L8le of Man, that ha￿ been nominated by retailers whi¢h offer their custome[5 the opportunity to don*e Ma Pennies. Thi$ proportion of Pennies donations Is treated as restricted income. All oth8r Pennie5 donations are unrestricted 3 Analysis of oxpenditure Direct Charit2ble ACtI￿tieS Support Costs G￿eM8￿Ce ¢osts 2025 Tolal 2024 Total Grants payable Imte 41 Staff costs Iwie 61 Office costs Marketing Auditors remuneration In$urance Legal fees Consultancy feès Volunteer expenses Donated seNces & facilities 14, 199.649 982,830 292,702 66,739 14.199.649 I.2￿,22$ 384,250 66.739 56,872 7,717 9.676,015 1,159,0&5 317.911 73.557 45,060 6,959 2.7g1 30,738 691 39,231 251.117 74,787 58,280 16.761 55,872 7,717 900 1,519 1.919 1,519 2S3,465 251,546 Total expènditure 202S 16,$45.358 577,449 137,530 16,260.337 11,352,038 Total gxperKJiture 2024 10,974,555 256,947 120,536 11.352.038 Exp￿ditUre on charita1￿8 actiMtie$ includes Costs ot. facilitating micrTrdonation using the Pennies digital charity ts)x when con$um8rs pay for goods and senic8s In-5tore, online and Using mobile dewces., - administering tW collection ¢)f Pennie5 donations ar￿1 the di8bur58ment to charities of Pennies grant8'. ar¥J omoting the micro donaticxi m￿eMent for thè charity sector as a bvhole and specifically PLJblici8ing the social impact of the Pennies donations. Pennies Annual Report and Financial Statements 2025 26137

The Pennies Foundation Notes to the Financial Statements for the year ended 31 December 2025 Grant makln9 Ihe foll￿1ng 9ronts lo chariti&s were payable to institution$ during the ye8r. 2025 2024 Action Can¢er 8.922 19,fj41 66,649 32,140 39.528 110,111 159.225 6.890 AiiAmbulance Charity Kent Surrey Sussex Aldei Hey Children's Charlty Alzheirn￿ Scotland A12h&imefs Researctt UK Alzheimerfs Socidy Amelia's Rainbow An(tys Man Club Ltd Aspens ChÈrilies Agsocialion of AirAmbulanGes B&Q Foundation Bags for sinfe Barons Court Project Barrelslown IRegiStered In Irelandl BBC Child￿￿ ifi Need BEN Motor ana Allied Trades Ber￿N￿ent Fund Bittningham Women's and Childpn's Hospital Charily Blue Cross MC Access and Conser￿lI0n Trust British Heart Foundation Brili$h Paralympic Associalion Cancer Help (Presionl Ltd Cancer Research UK Change Please Foundat￿n Charity Pro ect5 Choos& LO￿ IPnsm thè Gift Fund) Church of En land Children's Society CLIC Sar ent Cancer Care fi)r Cttildren ConSe￿Il0n International UK Cornwall Hospice ¢3re Ltd Crisis UK Cure Leukaemia Dandelitsn Tirne Dementia Ad%tntUfe Trust Dementia UK Derian House Childrens Hospice Digrtal Porty AlliancÈ Di5asler8 Eme ene C(¥nmitlee Do House Hospice Ltd Essl Anglia's Children's Hospices Eden Valley Hospice. Carfisle Elsie's Story Faresh8r8 Flynne's 8am Focus Ireland IRoglSterèd in IKL*ndl Foun(falion of Li Friends of Picu Friends of Sandside LodgÈ Glasgow Cnildren's Hospital Charity Great Omion(J Street Hospital Child¢n¥ Charity Greenfin9ets Charity Grief Encounter Growin9 Well Ltd eanng Dogs For Deaf Peo Heart Heroes Heart of England Community Foundation Heartbeat North Wesl Cardiac C8re 28.752 16.791 50.722 47,634 178,353 14.048 5,197 53,480 6,798 93,S71 62S,227 14,620 2,783 296,870 6,871 22.385 7,398 340.936 7.639 8.494 50,722 9,721 32.140 22,682 257,195 80,086 ,314 11,895 94,391 9.495 t73,210 70,265 S16,672 447 6B,225 54,690 17.660 13,119 31,375 84.509 3U,820 38,715 11.042 14.172 8,560 43.762 7.724 7,619 278.790 Y2.400 208.886 15,671 23.810 5.328 7,371 f2,908 13,445 1,176 10,011 174,584 7,387 27,576 3,767 12.557 38,707 9,287 11,602 15,183 6,962 14,272 9,677 16,236 257,951 16,361 28,238 10,068 28,196 6.091 24,677 183.970 10,635 12.892 38,989 10,000 6,322 12,490 S￿b ttstal &477,107 2,167,062 Pennies Annual Report and Financial Slatstnenl$ 2025 27137

The Pennies Foundation Notes to the Financial Statements for the year ended 31 December 2025 fft)fft pr8vIous p8g8 3,477.107 2,167,062 Hel&n & Doug18s Housg Help For Heroes Help HaTry Help Others Hibemian Carnmunity Foundation Ltd Home-siart UK HtsneyRose Foundatio Hos ICÈ of St Mary of Fumess Hospice UK Ilkley snd Oistrict GO￿ NevJhbour¥ Jètsey Children's Charity IRegistered In Jetseyl Jers Hospice Care Registered In &rseyl Lan9dale Ambleside Mountain Rescue Team Leeds Hospitals Charil Lewis-MaTrning HospiGe Care Lia's kvings Lincolnshi￿ and Nottinghamshire Air Ambulance Charity Lilerpool FC Foundation Macmillan Cancer Support Macmillan Cancer Support ￿rSeY IRegistered In Jerse Maggie Kesvwick JÈn¢ks Cancer Caring Centtes Trust Make-A-Wish Foundation UK Marie Curie Martin House Mental Health Foundation Mental Health InnO￿tIOnS Milnlhorpe Famity Centre MIND INalion81 Associatlon for Mental He4tthl Mom8nium Ghildren'$ Charity Moto Foundation Motor ￿￿rone Diseage Association My Canine Companion IRegistered in IreL8r￿] National Centr& br Youth Mental Health Noah's Ark Children's Ho&pilal Charity RegL8lered in Irelandl Norfolk and W¥*ney Mind North L8n¢ashire Do¥vns Syndrorne Family and Ca¢rs Group North West Air Ambulance North Wesl Angli8 NHS Foundation Tmst- Peterborough and Stamfor(l UmbrdLg Chaiitable F￿nd North Yorkshire Hospice C8re Northem Ireland Hospice Ltd Onesight Es$ilotLuxottica FoUndat￿n Open tk)or- St Albans Operation Smile United Kingjotn Orchid Cancer Appeal Outdoor Access Trust For Scotland 0￿rI8￿ CancerAction Poundland Foundation Power2 Ltd P￿￿nI Breast Cancer Prost8te Cancer UK Queen Icloria Hospital NHS Trust Ch8ri1able Fund RefiJ9e Regefierage Restore H(ye Retail Trust Royal Society for Thè PTolectlon Of Birds Samaritans Science Museum Found8tion SENSE, Tho National De8fi)lind and Rubella As8oclaiio 9,357 29,319 7,455 6,578 20,390 7.789 33,863 8.258 10.320 20.129 7.774 5,2( 8,335 IS,￿$ 3,594 B,480 20.172 9,166 S88 11.908 12.284 6,323 25.2Q1 9,058 8.591 1,174,$11 26,202 108,S53 295,996 1,663,908 36,702 38,106 289,n9 6,580 235.065 8,050 294,844 140,373 36,077 1,152,749 20.328 I92.￿0 819,720 48,237 161.487 13.614 4,608 65,744 39.119 8.985 8.455 11,048 13.364 55.958 7.902 5,229 29.004 97,326 5,083 10,665 11,251 14,963 7,961 29,40S 80,306 5.361 109,317 27.491 247 S,752 32.698 1.204,231 614,947 27,434 6,381 8,811 10,700 13,626 7,799 100,000 23.3Z4 12,194 32.287 7.300 20.129 5,591 23.421 58,579 264,578 $4,228 33,974 Sub total 9.434,206 8.n3,914 Pennie$ Annual Report and Financial S13tem&nt& 2025 2W37

The Pennies Foundation Notes to the Financial Statements for the year ended 31 De￿mber 2025 cénl8d forsKd ￿￿￿0￿8 page 773,914 SVÈlter. National Cam ign for Homele$8 peO￿t Ltd Signpost St￿kport For Care Snow Camp Spadewoth Ll Sl Calhenne's Hospice IL&n¢ashi￿l Ltd St Mungo Community Housing Assoclaiion St. Johns Hosplce North Lancashire and South Lakes SIEell Switchboard LGBT+ Target Owrian Cancer Teena Cancer Trusi Teens Unlte Fighting Cancer The Adnam$ Community Trust The Back-up Trust The Boathouse Youth The Brain Charrty The Br8in Tumour Charity ThÈ Child￿￿,$ Ad¥eniure F8Trn Trust Ltd Tr Children's Fknspilal Chaniy The Childrén's Sunshin& Horre Trust IR The Clink Charity The En91ish HerllagÈ Trust The Fatm Safety Foundation The Grant Foundation The Guide Do s for the Blind Association TheH ielle Bank The IcÈland Food5 Chafttable Foundation The JD Found&tion The King's Trust Th8 Lake Districi Cal￿rt Trust Tha Lèeds United Found81ion The Majestic Wine Charitabl& Foun(tslion Th& MidcounlEs CtrOperali CotYTrrnJnily Fund The National Society for the pre￿ntIOn of Cruelt to Child￿￿ The Nell Bank Chantable Ttusl The Outlook Trust for The Visualty Impaired The Polic& Arboretum Memorial Ttust 7he Ramblers. Associatlon The Royal National Institute of Bliftd People The Royal National Lifeboat thslitution Tre Scout Asso¢iation The Screwfix FoundalioTr The St Peter Sl James charitab￿ Trust The wa￿ Project The WeekÈnd Day Centre for tkn7&nlia Care The Welcome (Kfjulsfordl Ltd The ZODI ical Socièt of London Together for Short Lis Tommys Tuming Tkles Homelessness Tyiinning Proje¢t UK Youth United Kingdom for UNHCR Unilersity Hospitals Dors&t NHS Chari Variety The Children's Charity Wallace & Gromil's Chiklren's Foundation Welsh AirAmbulance Ch8rfiatyie Tw$t Whizz-Kidz 646,505 1,815 41,623 6.764 9,8S1 14.829 5,274 11.781 28.475 6.160 10,979 23.648 225,148 6.196 597,784 26,760 5.QS9 28,908 12,951 8.618 647.$77 163 10,242 432 41,087 9.678 10,706 68,213 33.319 363,078 6,424 50.QOO 5.866 24,398 210.398 367,543 12,139 9,060 5,012 143,672 50.291 590,760 10,457 7,386 11.671 Istered in I￿land] 180,917 38.658 462.811 20.130 12,433 18.533 25,991 33,592 25,572 61,227 5,822 12,427 S9J,801 10,721 24,741 10.798 11,907 01,080 20,129 587,519 8.217 16,450 27.4 58,921 104,091 416 26,456 53,089 7,53e 306 29.141 32,140 78,789 5.498 50,722 17,834 26.218 Sub total 14201.465 9.185,443 Pennies Annual Report gnd Finanaal Statements 2025 29137

The Pennies Foundation Notes to the Financial Statements for the year ended 31 December 2025 ¢amsd fO￿￿é fn)m pgue 14,201,465 Y,185.443 Wilderness Foundation UK YHA (England & Wales) Yothshire AirAmbulan¢e Ltd Yofkshire WikJlitE Park FourKJation Youth CancerTrusi IUKI Ltd 26,720 20,089 18,351 23.487 11.887 30,114 52.238 16.004 20.262 M0￿Ment in gonls payable on accrued donations or donations receid and awaiting a grant nomination as at the year en Other grants equal 10 or less than £5,0 1214,8131 170,462 193.795 169,514 Total grants payabl• 14.199,649 9,676.015 The mom&nt in grants payable on accrued donations or donalSons reCeI￿d and awaiting a grant narnination as at the year end is due lo a signlficantly lower number of donations that bvere awaiting a grant noFninallon at the year end compared to the posilren at 31 Decemter 2024. The Trustees Report prowdes more informaliw relating to the Charity's grafit making p)licy. Grants payable inclu(le a ¢ornmitment of £3,481,1(￿l2O24.. £2,416.7551 for grant5 paid to charities alter tho year end. We wort with benefitting charities. who themsel￿$ are grallt makers. to understand and monitor how Pennies, grant8 ha use(J in the furtherance of their obj&cli￿. Furth&r infomi8tion is available in the pU￿1Shed &counts of the benefiiiing Gharilies. Net Income for the year This Is slated after ch8rying'. 2025 2024 Depreciation of lan9ible fixed 8SSOts Amortisation of Intangib￿ fixed ass¥18 Operating lÈase Ents'. Property Auditors. remuneration Ilncluding VAD". Audlt ree$ 20.820 86,406 20,302 59.669 41.016 41.128 55,872 45.0￿) Analy￿8 of *aff C￿ ￿MUneratIOn and expenses and ¢04 of key management porsonnèl Staff Costs wero as ftsiiows.. 2025 2024 Salaries and wages Social security costs Employerfs contribut￿n lo defined contribution pension sckEmes Staff R&¢fuilment costs Other Staff Costs 996,098 117,874 102.952 16,264 57.038 948,747 1W,260 86.477 20,429 3,172 1.290,228 1,159.085 The follomng number of employegs reCei￿d empk)yee teneffts of 0￿[ 260,000 (Èxcludlng employer pension costs) the year In th8 frjllowing range8'. 2025 No. 2024 No. £60.rKIi - £70,000 £70,001 - £80.(M)O £￿,001 - £1(KI.OCNJ £1￿.001 - É110.000 Pennie5 Annual Report and Finan¢ial Statements 2025 30137

The Pennies Foundation Notes to the Financial Statements for the year ended 31 De￿mber 2025 Analy￿$ of giafl c05t4 trustyg r9mun¢ra￿offt and ?xpen4 and the co of key managem&rtt porKsnnoi i¢onUnuodl The total employee benefit5 oftts key tnanagement pwsomel were as hlows.. 2025 2024 Salaries and Social seeurily ¢o&ts Employers contribution lo dolned conlrfbuiion per￿lon sthemes 243,227 32,404 60,881 236,300 28,844 J,491 326.612 315.635 Thg Charfly Ituslees wete neilher paid rel￿1{￿d any other b9neffts frorn tha Charity in the year 12024". £nill. Charily trustae recei payment for professional or other Ser￿ceS supplied lo ltr Charity 12024.. £r￿lI. The Charity Iruslees KerÈ neither paid Th)r lectri￿d any expenses ffom the Chanty in the year Q024 £nill. Duriny the year and, up to the date or appro￿1 of the TruSt￿S, re￿. there wss a qualifying thir(kpaty Indemnity In ￿ace fordirfr¢tors, as al0￿ by Seclon 234 of lh& Corllpanies Ad 2006. Staff numbors The a￿[age nuMt￿r of em￿OyeeS Ihfyad count bas8d on number ofstaff employedl duriw Ihe yearwas 22 (2024.. 201. Stdff are split aGross the acti11t￿S of the chadlaUe ¢omp8ny as folkm Ibll lim& eqU￿lent basis)". 2025 2024 Charitable Acli¥ities Support & G0￿manCe 16 R•l¥ted party tran8actJons 2 P024." 11 ttuslees donated £ total of£103,th)O In the year p024.' £100,0001 of whith enil was rp51ri¢led (2024.. tnlll. Alison Hulclwnson. the CEO of the Chartiy. 1$ a rK)n-executiKe director of the retailer DFS Fumitu￿ whlch (￿S Sotjlow Limiled. f￿ring the year Sofdooy Limited supporfed the Charity by enaNlng Ponnies In It8 Stores collectiTrJ £22,65512024. £28,511) ￿ UK charides. Al th& end of the year Sofdogy ￿MIl￿ o¥wtd Charity £10.42512024.' £1.0041 kir ()nations coi￿¢ted on Ils bèhalf. Robert Lèitao. a trustee. is a managiry partrEr at RDlhsGhild & Co. Dunn9 IhÈ year £15.326 was payable to Rolh5child & Co br Msting the Cha￿ty,$ annual ent for or 200 people and proiiding audio and Mdeo projuction facllilies 12024.. £14,818). In addition Rothschild & Co supported Ihe cn8nty by ￿t￿nd1n￿ Ihe ￿r￿11Th) roDm for ihè annu81 ￿nt. and OCGasionÈl tneeling rootns dudng ihe ye8r. valued in total at £2.979 2024." £3.5011 on a pro bmo bas1$. Angela Luger. a Irv$iee, is a nOTrexeC￿l* director of the retailer ￿ Sports F8shion plc. Duriw th8 year a numbèr of their retail brands in both the UK and Ireland supported the Charity by enabling PemEs In their Stores coiiecling £421.097 12024.. £514,083) for UK and Irish ¢tsrities. At the Snd of tha y•¥r JD Sport# roshi¢n plG obv¢d the Ch4rfly £56.524 (2024". £69.5011 br aon8110ns collecled on Its bahaw. Juli8n Taylor, 8 Iru&tee. is a partner In the law fitm of Simmons arKI Simmons wtwch supported the Charity by proudir¥ legal aduce K4lued al £205,793 (2024.. £19,515) on a yo bono basis. Penny Lo4ell, a Irusiee. 18 a trus188 of Prism The Gift Fund Ichartly rpgistralion 1099S821. In 2(r25 the Ch8rity granted £447 12024." £30,820) to Prism The Glft Fund. Pennies Annual R6POrt and Fin#nc&g1 Staternents 2025 37137

The Pennies Foundation Notes to the Financial Statements for the year ended 31 De￿mber 2025 Taxation Th? chanlable company axempt from cotporglion 18x as 811 Its i￿ome 18 Charitable and is applied fr)r charilabIe P￿￿ose$. io Intsngibl• ffixed a95•ts Under ¢on¥truction 8y8tems Other Gomwler software so11ware Total Al the start of tho year Transfers Additions In year Distx)gal$ In year 17.842 115,0351 222,542 12,8071 121,662 263.700 15,035 33,754 [3.6241 403,204 256.296 16,4311 At end ofthe year 222,542 121,662 308.865 653.069 Amortisation At the start of the year Charge for the year Elimindsd on disposal 93,520 27.522 207.472 35,886 (2,2151 3TrJ,992 66,408 Il2151 At end ofthe year Net book value At the end ol the year 121.042 244,143 365.186 222.542 620 64.722 287,¥84 Al the stsrt ofthe year 17,842 28,142 56,228 102,212 All of the abo* assets are used for charitabl& putposes. C¥ital commrtmenis 8$ at 31 DeC￿nber 2025 total￿ £47,760 12024." £33.7551. Tangiblg fixed awts Qffi¢& & Cornpuier è4uipment Lea8ehol¢J IMprO￿At￿lS Office Furnit￿16 Total At the start ofthe year Addit￿￿3 in year 82,822 28.537 21.410 14,879 130,769 14,8T9 Al the erKI of the year 82,822 26,537 36.289 145,648 D•procladon Al the Start ofthe year Cherue ftyr the yea 6D,316 10.803 19.270 3,462 19,480 6.556 99,066 20.821 At the end ofthe year Plet t￿0k value At the •nd of tho yuar 71.119 22,732 26.036 119,8B7 11,703 3.805 10,253 26,761 At the start of the year 22.506 7,267 10.208 39,981 All ofthe assets are used for charitabk wtpo$es. goth the amortisation and deprèci8lion charge for ltte year are incI￿le￿ in unrestricted exwditure on chsrilable gcti¥ities in the StateTnenl of Flnancial ACtI￿tIes. Penni6s Annual Report and Finan¢ial Slaterrenls 2025 32137

The Pennies Foundation Notes to the Financial Statements for the year ended 31 De￿mber 2025 12 Financial and other cornmlknonts Al 31 Deeember 2025 the Chanty hacl lotai Gommilmen13 under non<ancelIab￿ OPEraling lease$ as d8tall6d below.. Property 2025 Eguipmenl 2025 2024 2024 Lass than one ygar One to years 80.548 6,862 71,856 87,410 15D 87.410 159.266 150 h 2019. th& Charity entered a lease office p￿T￿lSe8 commencing on 24 May 2019 and explring on 31 Jènuary 2027. 13 Debtors 2025 2024 Donation debtors A¢¢wed Inctyne Prepayments Rent dep0511 Other dèbtors 1.390,362 869,540 84.302 24,938 585 1,093,773 372.49) 38.528 24,937 1.867 2,349,727 1.$31,555 onation debtors ￿present Pennies donations ¢olk8Cted and Inwxced bLrt not yet paid to the Charity at the year en(l. Accruèd income rtrpresents Pennies donations Collect￿ but not yel al the year end. The rent deposit relates lo the Charity's ￿se on office premi$eB entered into In 2019, which will be ￿ld for more than on8 year. 14 CNdltor5.' amounts falllng due within one yoar 2025 2024 Ttade credrtors Taxation and social security Gr¥nt accruals Other accwals 39.040 33.647 3,481,106 191,318 47,262 32.234 2.416.755 128.109 3,745,111 2,624.3eo 15a Analy￿501 net a8BOts betrrfoen funds (current year) Gentrwl unrestricted Reslrfcièd Total funds Intawible fixeu assets Tangible Ixod assèts NÈI current 85sels 287,884 25,7e1 1.350.586 287.884 25,761 1,350,586 Nèt assgts at 31 D8¢ember 2025 1,664,231 1,664,231 Pennies Annual Report and Financial Statements 2025 33137

The Pennies Foundation Notes to the Financial Statements for the year ended 31 December 2025 16b Analy$5 of n•t asEots b•tw•un funds IpAor yoarl Gero1 unrestricted Restrtrcltd Total funds Intawible fix￿ assets TanglDie fix9d assets t CuTrnt assets 1￿2.212 39.981 1,354.W9 102.22 39,981 1.364,009 Net asyolsat 31 Decèmber 2024 1.496.202 1.49S,202 18a Movements In funds l¢urrantyearl A131 December 2025 At 1 Jsnuary 2025 In¢ome & Expendrfture & galns losses Fxoains i Ilosse81 Regirlctsd fvnd Pennies donations Other ostricled fvnd 14,199,649 24.085 114.199,6491 P4.0851 Total r¢thctsd funds 14.223.734 114,223.7341 Gènernl fund¥ 1.496,202 2,199.308 12,036,e031 1,688.907 Tofal unr•Ètricte¢ fund$ 1.496.202 2.1riJ.308 I2.036.￿3) 5,324 1,664,231 Total fund& 1,496,202 16.423,042 116,260.3371 S,324 1.664,231 Purposes of resrrlct•d fun(ts PÈnnlos Donatlons The Pennies Donations resiiicted tsr￿ rep￿SentS pro￿nIOn of P8nnEs donations which the trustees ha¥E agreed to grani to UK, Republic of Ireland, Isle of Man. or Jersey régistered charities which ha￿ been ftomlnated by retailers which offer their customers tha opportijnity to donatè ua the digital charity box. The prwortion and lh& nominated charity are named al th& PDint of donation. Th mo¥emeni ir? thi$ fvnd is disclo8eo in note 4 to the financial 81aiem8nts. Olher restrl¢ttd fund Tha gther re$triGled t8present8 a donation in support olthe PÈnnies annual ewt which was held in N0￿Mber2025. t6b Movemonty rn fund$ Iprloryearl At31 Dec•mb&r 2024 Al 1 January 2024 Incom8 & gains Expenditure & losses Re8tricted ftJnd& Pennip4 donations Other restricted 9,876,015 30.0 19,676.0151 I30,0￿) Total rè&rfct8d funds 9,706.015 19.7(6,0151 G•noral fuJ)d8 1,397,956 1,744,269 11.64e.0231 1.496,202 Total unr88tr1¢tod fvnds 1,397.956 1,744.269 11.646.023) 1,496.202 Total fund8 1,397,956 11,450.284 111.352,0381 1,496.202 Pennias Annual Report and Financial Statements 2025 34137

The Pennies Foundation Notes to the Financial Statements for the year ended 31 De￿rnber 2025 17 ReconcSllatson of ngt Income to noi cash ftow trom operating actlvltl•$ 202S 2024 Net ineDmo for th• roportlng period 188 per the atement of financial acuvltlos) Dep￿GIation and atnort1881ion charaes Loss on dSspo&al of ￿xed asset Interest from i￿￿51MentS Increast in debto Ir￿rease in ¢reditors 168.029 98.246 8Y.229 4.214 136,6071 1818,1721 1,120.751 79,569 147.6831 1468,0281 609,044 Not ¢aEh provldod by opèrating activities 825.444 251,548 IrBland A￿l￿tIeS Durirg the ygar, the Charity Collected the bllowing Income from donatlon8 in IrÈi8nd.' Unr6slrict4d Restricted 2025 Total 2024 f¢)tsl Volunt8ry Income Consumsr donatlons 10 ptrnnle8 I"P&nnw donations") 35,280 396.432 431.712 445,402 DurSng the year, thE Ch8rity incurred the folknwing éXP9ndltur8 in Irpland.. Dlre¢t Charita￿e ActliAIps 2026 Totsi 2024 Total Grants payable Isee analysis Del￿} 306,432 396,432 401.040 fotal •xpgndltLif 2026 396,432 396,432 401,040 Total exrÉnditure 2024 401.040 401,NO Oftha t(ts18xpenditure. £nil was Un￿Stricted 12024.. £nill gnd £3,432 was re51rict6d12024.' £401,0401. An3lysEs of grants payablo Of income collected in Ireignd, the following grants to Ohant￿ were payable lo Institutions during th8 year. 2Q2S 2024 BanElstDWn F￿u5 Ire18nd National Centr8 for Youth Mental Fallh My Caninc Companio The Childrens Sunshlne Home Ttust 296,870 13.009 340.936 8.985 39.119 36,07T 68.213 hAomenl in grants payable on 8CCtued donations or donations receld and awaitirYJ a grant nornin8tion as al the year end other gr8n18 equal to or ￿sS than £S.Ch)O 17.YB31 46 10,648 1.352 Total grants payabl• 386.432 401.040 The ￿0￿ment in gr2nts payable on accrued donations or donations reGei*d and awaiting a grant nominatlon as al the year end is due lo a slgnificantly lowèr number of dtynations that Wo￿ awaiting a gr8DI nominal￿￿ 81 the year GoMpa￿j to the posllion at 31 tbcember2024 Grants psYab￿ In¢lLyJe 8 cornmltmént of £94.407 12024.. e85,4491 for grams pahj to ch8ri1165 in treland alter lh& year end. Pennies Annual Report and Financlai Slatem&nl$ 2025 35137

The Pennies Foundation Notes to the Financial Ststements for the year ended 31 De￿mber 2025 Jery A¢￿VI￿S During the year, the Charily ¢olltcled the followng income from donations in JE13ey.' Un￿striCted Restricted 2025 Tt*al 2024 Total Voluntary Incomè Consumer donations to Pennies I"Pennles donalions'l 3,061 40.139 43.200 40.68 During the year, the Charity Incutreol the bll(N4ing e%penditUTE in Jersey." Eirect Chanlable A¢liiities 2025 Total 2024 Tt)tal Grants payabk (see anatysis below) G0￿ManCe costs 40.139 40.139 38.296 40, 139 40,139 38.295 Total exp¢ndltui• 2026 40,139 40,139 Total exper￿lture 2024 38,295 38,29S Of the total expenditure, £dl was unrestricted 12024." £nill £40.139 was rostneted12024'. £38,2￿). Analysls af grants payablo orthe income colle¢l& in Jersey. foll¢Jwing g￿ntS to chantie8 were payable to inslilulions durfrg the year. 2025 202 rsey Children's Charity Tsey Hospi¢e Care Macmillan Cancer SuFVOrt Jersey Other grants equal to or less than £5.000 3,S94 8.460 26,202 l.B83 5,206 20.328 12.781 Total grants payable 40,139 38,295 Gonts payable incl￿e a eommitrnenl of E9.059 12024. £2.0821 for grants PaiLI to charitEs In ksey after the year end. Pennps Annual Report an($ Financkql Statements 2025 38137

The Pennies Foundation Notes to the Financial Statements for the year ended 31 December 2025 149 of Man AGtivities Du￿r￿j the year. the Charity ¢ollected the fdlowiry income frorn donaiiorB in th8 fsle of Man." UntEStricted Restrieted 2025 Total 2024 Totsi Voluntary Ineome Consumer donations to Pennies ('P8nnies donaiions'l 19.412 20,352 16.664 nng tha yÉar. the Charity Incu￿ the followir6 expwditure In the Isle of Man.. Direct Chaiilable Acti14ties Gokemance costs 2025 Tolal 2024 Totsl Grants payab￿ (see anatysis bebwl Gthetnance costs 1Q,412 19,412 6.OOS 15,049 10. e,m5 19.412 25,418 25.115 Total expondituro 2025 19,412 6,006 25,418 25.115 Total expeT¥Jiture 2024 15.049 1D,W6 25.115 Of the total expenclllure, £8.0￿ was unre8trt¢ted 12024". £10.￿6) and £19,412 was r8siri¢ted I2￿24.. £15.0491. Analy4s of grants payable (Y the Income collectgj in IS￿ of Man, the fdbwing grant8 to charities were payable to insllluiions durtng the year. 2025 2024 CL￿ Sargent Cancer Care forchildren G￿81 Ottnon¢ Street Hospital Children's Chanty Macmillan Cancer SuppLYt Isle of Play Mak8-A-Wish Fourxjaiion UK Mane CurE MIND INaiional Asso¢lètion for Ment81 Fkalhl Operalim Smile UK PoundlaNI Foundation Swllchtx)ard LGBT+ Teena Cancer Trust Thè JD Foundation 147 3,528 2,122 2,297 2,964 678 307 4312 2.876 1.314 8,957 835 1,012 1,180 Total grants payable 19,412 15.049 (¥ant5 payable include a commitment of £2,21912024.. £1.1471 for grants paid to ch8fitEs in the Isle of Man after lh• yèar Or￿. Legal tv¥ of th• charity The ¢harity Is a compw)y limited by guarantee and has no share capital. Tr liability of each membér in the ￿ent of windiry up is lirnilÈA to £10. 21 Pennie8Annual Report and Fina￿￿11 Statements 2025 37137