2022-09-30-accounts

STELIOS PHILANTHROPIC FOUNDATION Registered number: 07567138 Charity number: 1141206 STELIOS PHILANTHROPIC FOUNDATION (A company limited by guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 AB18GGE2 ON1212022 COMPANIES HOUSE A07

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STELIOS PHILANTHROPIC FOUNDATION CONTENTS Page Reference and administrative detalls of the company. its trustees and advisers Trustees, report Trustees. responslbllities statement Independent auditorfs report 8-12 Statement of financial actlvllles 13 Balance Sheet 14 Cash Flow Ststement 15 Notes to the flnanclal statements 16-27

STELIOS PHILANTHROPIC FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Trusts•$ Sir Slelios Haji-loannou Peter 8arton Jean Claude Eude Oonald Manasse Nikos Mourkogiannis David Walson Irene Rouvrtha Panou Comp•ny registered number 07567138 Char•ty registered numbor 1141206 Règi$t•red addr•ss 34 ThU￿0e Square London SW7 2SR Indepèndent auditor UHY Hacker Young LLP Chartered Accountants Statutory Auditor Quadrant House 4 Thomas McKe Squa London E1W1YW

STELIOS PHILANTHROPIC FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022 The trustees (who are also directors of the charitable company for the purposes of the Companies Act) present their annual report together wth the audrted financial statements of Stelios Philanthropic Foundatson llhe charitable company" Of "the foundation") for the year ended 30 September 2022. The trustees confirm that the annual report and financial statements of the ¢haritable company comply wsth the current statutory requirements, the requirements of the charitable company'5 goveming document an¢J the provisions of the Statement of Recommended Pra¢lte ISORPI applicab￿ to ¢haritsble companies preparing theiraccounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 20151 as amended by Update Bulletin l (effe¢b"ve 1 January 20151. Since the charitable company qualffie$ as small under section 383 of the Companies Act 20C6. the strategic report required ofmedium and large companies urnler The Companies Acl 20C6 (Strategic Report and Directors. Reportl Regulations 2013 is not required. Structure. govemance and management a. Constitutlon The company is registered as a charitable company limited by guarantee and was incorporatetj on 16 March 2011. The goveming document is the updated Articles of Asso¢*lKin adopted on 26 July 2019. b. Method of appointment or decli(￿ of trustees The management of the charitable company is the responsibility of the trustees who are elected and co-opted under the temis of the Articles of Assouation. Trustees are appointed al the discretion of Sir StelK)s Haji-loannou. The existing InJ51ee5 are responsible for the induction of any new trustee, which involves awarene55 of a trustee's responsibilrtie5, the goveming document. administrabve prrtedures. and the history and philosophical approach of the tharitable company. ¢. The direct(Ys. trnste¢s. and m•mbets of the ¢haritabl• company The directors of the Charitab￿ company are also trustees for the purposes of chanty law. The directors and trustees of the charilable company who held office dvring the year were Sir Stelios Haji loannov,Peler Barton. Marios Eliades {resigned 17 May 20221, Jean Claude Eude, Donald Manasse, Nikos Mourkogiannis. Davkl Watson. and Irene Rouvitha Panou (appointed 25 May 20221. During the financial year ended 30 September 2022 four associate members have been appointed under the articles of asso¢iation. namety.. Lora Galitsine. Marios Missirlis. Hugo Moddemian and Mary Telemachou. The member5 of Ihe foundation during the year were the following 17. ex¢luding resignalions. Sir ste1￿$ Haji loannou.Pelef Barton, Marios Eliades (resigned 17 May 2022}, Jean Claude Eude, Donald Manasse, Nikos MOU￿O91annjs. David Watson, Irene Rouvitha Panou lappoinled 25 May 2022), Orfa Murphy, Aria H8ji-loannou. Tra¢y Ghori. Alan Marsh. Ken Griggs. Panicos Hassapis, Lora Galitzine. Marios Missirlis. Hugo Modderman and Mary Telemachou. The full details of the 17 members of Ihe charitable company {7 trustees and 10 associate members) ¢an be found on our website http$.'Il$telios-uk.foundationl d. Rlsk manag•ment The trustees have assessed the major risks to wh￿h the charIta￿e ￿MpanY is exposed. in particular those related to the finances ol the charitable company. and are sabsfied that systems and procedures are in Fdace to mitigate our exposuie to the major risks.

STELIOS PHILANTHROPIC FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022(continued) ObJe¢tfves and activiti•$ . Polic5es and obioctivès The foundabon's mission is to support a diverse ran9e of charitable acti￿tIes. wimarity in places where the founder has lived and worked the UK, Greece. Cyprus and Monaco. The foundation maintains 5 websites in order lo inform the member of the public and potential beneficiaries of the ways it gives back to society.. hll 5 llslelios.or hlt 5'11slelios-uk fourbdalionl hlt s Ilsteliosfound3tion htt s.IlsteliosfouncSation com ¢ I htt s".Ilsleli05.aS50.mcl The loundation gives its $UPPOrt in the folkm.ng ways." 1. Helping the neediest people in Greece ¥nd Cypws wlth "Food from the heart". This program. started in 2013, offers eaeh and every working day - without dis¢rimination - snacks to people who register at our 12 distribution points which were open during the financial year an¢J ask for them. Since the start we have handed out more than 31 million snacks for I￿e with a ￿tall value of c 31 million euro and the current number of visits per month al our distribution ontres bs about 145.000. 2. Funding scholarships for young people to attend %h¢x>ls and unNersrties where the founder was himself educated. (Doukas High School in Athens. LSE and Cty Univefsty in London). This activity continues unaffected by the pandemi¢. 3. Given the ¢o¥id-19 ¢risis v4hi¢h broke out ha￿Y through our financial year end September 2020 we had to djust our overall giving budget downwards in cffder to fft within the new nomial however in the FY2022 most of our programs are up and running again. 3.1 Promotlng lasting peace on the island of Cyprus. Each year betsveen 2007 and 2019 we offe￿1 several bi-communal awards to teams comprising one Turkish Cypriot and one Greek Cypriot. who are cooperating on the island. We decided to place the project on hohd for 2020 and 2021 and instead diverted some of the funds to the front line carers and hospital staff on the island. The program is up and wnning irt 2022 and 200.000 euro in cash was granted to 20 Greek Cypriot and Turkish Cypriot entrepreneurs ort the island who are doing joint business. 3.2 Donatlng mO￿Y to oth•r charilies with a diverse range of causes - manly in the four countries named above. 3.3 Supporting disabled entrepreneuts. In the UK. an award was operated be￿een 2007 and 2019 in conjun¢bon with Leonard Cheshi￿. a charity that focuses on helping disability. Prizes were awar¢Jed to those disabled people Ytho had stsrted their own business. Given the logistical problems caused by Covid 19 the awards for the FY2020 and FY2021 did not operate and Ihe fvnds were dNerted as thank you gifts Nvith vouchers to the 4.300 Leonard Cheshire fronlline ca￿[$. The program 1$ up and running again in 2022 and G8P60.000 was won by 3 disa1￿ed enlrepreneur5.

STELIOS PHILANTHROPIC FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022{continued) b. Public b•nefil ststement The ttustees confirm that they have referred to the guidartce contained in the Charity Cornmi5sion's general guidance on public benefrt when reWe￿ng the charita￿e company's aims and objectives in planning for the future and in setling the grant making policy for the year. c. Fundr•i$lng acti¥iti•s The principal funding source for the charity is cJJrrenty the donations from easyGroup Limited. Sir Slelios's for- profit company and owner ofthe easy family of brands Imvw eas com and eas Histo -info In addrtKJn. certain loans were extended to the foundalKJn during the financial year by easyGroup Holdings Ltd, the parent company of easyGroup Ltd. All of the loans were repaid before 30 September 2022. The cumulattve total ol the donation$ andlor bans given by Sir StelKJs or his various entil*s lo the two charitable Foun¢Jations (the UK Foundation and its affiliated Foundation in Monaco) since 2010 amounts to £￿.5 million lfifty-$ix and a half millton pounds 51erling or the equivalent of 65 million euros l$ixty-five million euros at the current ex¢hange ratel.

STELIOS PHILANTHROPIC FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022{contlnued) Achievements •nd performance Re¥l•w of actlvities The year un¢Jer review saw the continuation of the core activities of the chanlable company and tt is ant￿Ipated that income will exceed expenditure during the fortheoming year. The trustees are gratefrjl f¢y the substantial donab.ons receNed from both individuals and organrsations during the year. Financial revlew Going concern The Foundation has $Lrfr￿lent resources so that it can discharge its liabilities for at least a year from the dale the financial statements ale approved and ensure adequate resources to continue in operational existence for the foreseeable future. For this reason. the Trustees continue to adopt the going concern basi5 in preparin9 the financial statements. Further details regarding the adoption of the going concem bas15 can be found in the accounting policies. b. R•¥i•w of the year The trustees present the financial Statements for the year ended 30 September 2022, which show incoming resources for the year of £10.499.225 and resources expended on Charitab￿ activiltes of £2,922.422. being charitable donation5 (£1,392,856) and charity costs 1£1.529.566). After raising lunds and charitsble expenditure, the overall movement in ftjnd balance$ for the year was an i￿reaSe of £7,586.783. ¢. Reserv•$ policy As at 30 September 2022 unrestricted reserves amounted to £6.952,808. The trustees have adopted a policy lo maintain unrestricted funds, whth are the free reserNes of the charitable company. al a level which equates to approximately 12 month5 unrestricted expenditure and donations by each year end. On 26 July 2019. the charitable company a¢Jopted revised articles of association stipulating that certain properties should be retsined in pefpelurty by the foundabon_ A¢¢ordhngly. the net book value of these propertie$ is represented in endowment fund5. Plans for futur¢ pgrfods a. Future developments The ¢haritsble ¢ompany plans lo ¢ontmue to donate furwjs in accordance with its policies in the foreseeable future.

STELIOS PHILANTHROPIC FOUNDATION TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Dlsclosurè of Inforniation to avditor Each of the persons are trustees at the time when ths tru51ees' report is approved has confirrned that.. so far as that trustee is aware. the￿ is no relevant audrt infomiation of vthich the charilable company's auditor is unaware. and that trustee has tsken all the steps that Ought to have been taken as a trustee in order lo be aware of any relevant audit infomab.on and to estsblish that the chartsble company's auditor is aware of that fomiation. Thi3 ￿P)rt was approved by the Iruslees. on 01 December 2022 and signed on Iheir behalf by.. gkL- Slr Stelios Haji-loannou Trusto

STELIOS PHILANTHROPIC FOUNDATION TRUSTEES. RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2022 The Iruslees Iwhts a￿ also directors of Stelios Philanthropic Foundalion for the purposes of company law} a responsible for preparing the truslee5' report and the financial ststements in accordance wrth applicable law and Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees lo prepare finan￿al statements for each financial year. Under company law the tnJstees must not approve the financial statements unless they are 5a115fied that they give a true and fail view ofthe state ofaffair5 ofthe charitable company and ofthe incoming resources and application of resources. in¢luding the income and expenditure. of the tharitable company for that period. In preparing these financial statements, the trustees are required to.. Select suitable accounting policies and then apply them consistentty.. observe the melhods and principles of the Charilies SORP; make judgments and accounts.ng eslmnates Ihat are reastywble and prudent: Slate whelhe"r applicable UK A¢counb"ng Standards have been followed. subject to any material departures diKlosed and explained in the financial slatements. prepare the financial slalements on the going corKem basis unk$$ it 1$ inappropriate to P￿SuMe that the charitable company wll continue in operation. The trustees are responsible for keeping adequate accounting records that are suffKienl to show and explain the ehariiable company's transactions and disclose ￿th reasonable accuracy at any time the financial position of the charilable company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsib￿ for safeguarding the assets of the thartsble company and hence for taking reasonable steps lor the wevenb.on and detection of fraud and other wregularitbes.

STELIOS PHILANTHROPIC FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STELIOS PHILANTHROPIC FOUNDATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 Oplnlon We have audited the financial slatements of Stelios Phi￿nthrOpIC Foundation {the '¢hafitable ¢ompany'l for the year ended 30 September 2022 which comprise the statement of financial ath"vilies (incorporating the income and expenditure account), balance sheet. the cash flow statement and notes lo the financial stslemenls including a summary of significant accounting poliaes. The financial reporting framework that has been applied in their preparation is applicable law an¢Y Ihe Unrted Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial ReFrf)rtin9 Stsndard applicable in the UK and Republic of Ireland. (United Kingdorn Generally Accepted Accounting pract￿). In our opinion the finanaal statements.. give a true and fair view of the stale of the charitable company's affairs as at 30 September 2022 and of ils incoming resources and application of resources. including ils income and expenditure for Ihe year then en¢Jed'. have been Property p￿Pared in accordance with United ￿"ngdoffl Generally Accepted A¢Munling Practice", and have been prepared in a¢¢ordan¢e the requirements of the Companies Act 2006. Ba$l$ for opinion We ¢onducted our audit in accordance WTth 1ntemats.onal Stsndards on Audrting {UK} IISAS IUKII and applicable law. Our responsibilrties under those standards are fvjrther described in the audttorfs responsibilities for the audit of the financial ststements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to Ouf audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Stsndard. and we have fvlfilled our other ethical responsibilities in accordance with these requiremenls. We believe that the audit eV￿ence we have obtained is sufficient and appropriate to provide a basis for our opinion. conclu￿OnS relating to going concern In auditing the finanual statements, we have con¢[￿ed that the trustees. use of the wing concem basis of a¢¢ounting in the preparation of the financial staternent is appropriate Based on the work we have perfomied. we have not identffi￿d any material uncertainties relating to events or conditions that. individually or colledively. may cast ￿nificant doubl on the charitsble wnpany's ability to conb.nue as a going concein for a period of at least tr￿l¥e months from ￿en the finan¢ial statements are aulhorised for issue. Our responsibilities and the re$pon$ibdibes of the trustees with ￿Spect to going concem are described in the relevant sections of this report.

STELIOS PHILANTHROPIC FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STELIOS PHILANTHROPIC FOUNDATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 Other Infofmation The other infomialion comprises the information induded in Ihe annual report olher than the financial statements and our auditorfs report thereon. The tnJstee5 are responsible the other inforniation wnlained within the financial statements. Our opinion on the financial statements does not ¢over the other information and. except lo the extent olhewse expli¢iMy stated in our report, we do not exwess any form of assurance condusion thereon. Our responsibility is to read the other infomalion and. in doing so. consKler %thether the other irhf¢)rmation is materially inconsistent with the financial ststemenls. or our knowledge obtained in the course tsf the audit, or otherwise appears to be materially misstated. If we ￿eftttfy su¢h material inconsistencies or apparent material misststements, we are required to determine Whether1he￿ is a material misstatement in the financial 5taternenls or a material misststement of the other information. If, based on the work we have performed. we conclude that there is a material misstatement of this other Yrformati¢Jn. we a￿ required to report that fact. We have nothing to report in this regard. Opinion on other matters pr•scrib•d by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit". the infomiation given in the trustees. re￿rt. whith inthdes the directors, report prepared for the purposes of company law for the finanaal year for which the financial statements are prepared is wnsistent with the financial statements.. and the dire¢lofS' report included wthin the trustees. report has been prepwed in a¢¢ordance with applicable legal requirements. Opinlons on other matters Pre￿nbOd by the Compan1•$ A¢t 2006 In our opinion, based on the undertaken in the ￿1r$e of our audit.. the infomiation gNen in the trustees. report for the finanual year for which the finanual statements are prepared is consistent with the financial statements". and the directors, report included wtlmn the trustee$. report has been prepared in accordance with applicable legal requirements.

STELIOS PHILANTHROPIC FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STELIOS PHILANTHROPIC FOUNDATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 Matters on whl¢h ￿ are requI￿d to report by exception In the light of our knowle(Ige and understsnding of the tharitabk company and rt5 environment obtained in the course ofthe audit. we have not identffied material misstatements in the directors. report included in the trustees, report. We have nothing to report in ￿Spect of Ihe folloMng matters in relation to which the Companies Act 2006 requiTes us to report to you rf, in our optnion.. adequate accounting records have not been kept. or relums adequate for our audit have not been received from branches not visiled by us., or the financial ststements are not in agreement Vith the accounting records and returns: or certain discjosvres of trustees. remuneration Speufied by law are not made: or we have not re¢eived all the infomiaiKn and explanations we require for our audit,. or the Irvslee5 were not enb.ued lo prepare the finan¢ial $tstements in accordance ￿th the small Companies regime antj lake advantsge of the small ¢ompanies' exemptK)ns in preparing the trustees. report and from the requirement to Prepare a strategic report. 10

STELIOS PHILANTHROPIC FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STELIOS PHILANTHROPIC FOUNDATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 Responsibilities of truslees As explained more fulty in the truslees. responsibili￿"eS statemenl, the trustèes (who are also the directors of the charitsble ¢ompany fof the purposes of company lawl are iesponsible for the preparats.on of the financial ststement$ and for being satisfied that they give a tnje and fair view, and for such internal control as the trustees detemine is necessary to enable the preparatson of financial statements that are free from material mis$latement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable compèny's abil to ¢ontinue as a going ¢on¢ern. disclosing. as applicable. matters related to 90ing concem and 4Jsing the going ¢oncem basis of accounts'ng unless the trustee5 either intend to liquidate the chaiitable company or to cease operations, or have no realist￿ attemative but to do so. AudStorfs rosponslbllltles for th¢ audil of the finan¢ial ststsmonts Our objectives are lo obtsin reasonable assurance aboLrt whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditor's report that indudes oui opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accoréance with ISAS IUKI wll a￿VayS detect a malerial misstatement when it exists. Misstatements can arise from fraud or e￿or and are considered material rf, individLFalJy or in the aggregate. they could Teasonably be expected to influence the economic decisions of users taken on the basts of these financial siatements. Irregularities, including fraud, are instances of non-¢ompliance wilh laws and regulab"ons. We ¢Jestgn procedures in line wth our responsibilities. ovllined above. to detect material mi5Stalements in respect of irregularities, including fraud. The extent to whth our yo¢edures are tspable of detecting •r￿Ul3r11ies. including fraud is detsiled below. Based on our understanding of the charitable company and the industry in which it operates, we identrf*d that the principal risks of non-compliance with laws and regulations related to the acts by the charitable company. which were contrary lo applicable laws and regUlat￿inS including fraud. and we considered the extent to which non-compliance might have a material effe¢t on the finanaal statements. We also considered those laws and regulations Ihat h8ve a direct impact on the preparation of Ihe financial ststemenls such as the Companies Acl 2006. We evaluated management's irhcenlives and opportunithes forfraudulent manipulation of the financial $lalemenl$ (including the risk of override of¢ontrolsl, and determined that Ihe prin¢ipal risks were ￿lated lo inflated revenue and the charitsble Company's nel In￿￿e the year. To assess inflated revenue and the ¢haritsble companls nel income for the year audit pr¢xedures performed in¢ludek1". a review of the financial slalement disclosures lo undertying supporting documenlalion. enquiries of management and testing ol ioumals and evaluating whether the￿ was evidence of bias by the trustees that represented a risk of material misstatement due to fraud. There are inherent limitab"on5 in the audit pro¢edures de5criI)ed above and the fvrther ￿mOVed non4ompliance with laws and regulation$ is from Ihe evenls and transa¢lions reflected in the financial ststements, the less likely we would be¢ome aware of it. Aso. the risk of not dete¢tirtg a material misstatement due to fraud is higher than the risk of ftol detecting one resulting from error. as frautj may involve deliberate con¢ealment by, for example, forgery or intentional Mislep￿SentatIOns. or through collusion. A Ivrther description of our responsibilrties for the audrt of the finanual slatements is located on the Financial Reporting Council's website at.. httP."ll%￿￿.frc.0￿g.ukj3￿drt0r9resp0n$IbII1lIes. This descript￿n forms part of our auditor's report.

STELIOS PHILANTHROPIC FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STELIOS PHILANTHROPIC FOUNDATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 Use of our report This report is made solely lo the chartsble ¢cYnpany's members. as a body, n a¢cordance with Chapter 3 of Part 16 ofthe Companie5 Act 2006. Our audit work has been undertaken $0 thatwe might stste to the charitable company's members those matters we are required to stsle to them in an auditorts 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 ¢ompany and rts members. as a body. for our audtt work, for this report, or for the opinions we have formed. Subarna Baneryee Isenio statutory auorftcrf) for and on behalf of UHY Hacker Young LLP Chartered Accountants Statutwy Auditor Quadrant House 4 Thoma5 More Square London E1W 1YW Dale-. 1 December 2022 12

STELIOS PHILANTHROPIC FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2022 Unr•strict•d Endowment fund$ funds 2022 2022 Total funds 2022 Total funds 2021 Note In¢om8 and endowments from: Donations and legacies 10499225 0 499 225 Total Income and endowTn•nts 10499225 10 499 225_ Expenditure on: Raising funds 327.683 327.683 890 4,5,6. Charitable activities 2 325 863 2 594 759 1700 292 Total •xpenditur• 2 653 $46 922 442 1 701 182 Net Incornel{expenditurel b•forn tran$f•rs 7.845.679 1268,896) 7,576.783 11,699.9801 Transfers befvften ftrnds 354 Net lexptrnditureifin¢om8 bgfore other recognised gain$ and losses 7.490.718 86.065 7.576.783 11.669,9801 Net movement in fvnds 7.490.718 86.065 7.576,783 (1,669,980) Recon¢ili¥tion of funds: Total funds brought forward 14 537 910 14 899 249 14 361 339 16 061319 Total fund5 ¢arri•d forward The notes on page5 16 10 27 form part of these financial state￿￿nIS. The results for the year derive from continuing a¢bvrties and there are no gains or kJs3es other than those shobyn above. 13

REGISTEREO NUMBER: 0756713B STELIOS PHILANTHROPIC FOUNDATION (A company limited by guarantee) BALANCE SHEET AS AT 30 SEPTEMBER 2022 2022 2021 Flxed assets Tangible assels 10 16.483.675 16.404,208 Current assets Debtors 11 1.135 1.009 Cash al bank and in hand 87 608 88,617 6.156,846 Creditors: amounts falling due wthin one year 12 1 $49 773 Net current assets 5 675 569 1461 156 Total assets less current liabilitie5 22.159.264 14.943,052 Creditors: amounts falling due after one year 13 T<>tal net assets Charity Funds Endowment funds 14 14.985,314 14,899,249 Unrestricted funds 14 695280 Total funds The choritsble company's financial 5tstements have been prepared in accordance the provisions ap￿1¢able to companies subject to the small ccrfmpanies regime. The financial statements were approved and aulhori$ed for issue by the Irustees on 01 December 2022 and s¢gned on their behaw. by.. Sir Stelios Haji4oannou The notes ¢)n pages 16 to 27 fcth part ofthese financial sLitements. 14

REGISTERED NUMBER.. 07567138 STELIOS PHILANTHROPIC FOUNDATION (A company limited by guarantee) CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2022 2022 2021 Cash generated fron￿(USed in) operating activitie5 15 7,635,753 {1,775,519) Cash flows from investing actlvities Interest paid Purchase of TangitAe assets (4.592) {394.266) 13,6241 (246.0931 10 Net cash provlded by investing activities {398,8581 1249,7171 Cash flow from financing actlvllies Borrowings 12 {1,129.230) 1,129 230 Net cash Ivsed invprovided by financlng a¢tlvlties {1.129.230} 1,129.230 Change in cash and cash equiyalents in the year 6.107,665 1896,0061 Cash and cash equivalents brought forward 87,608 960,769 Effect of exchange rate changes on cash (39.5S21 22,845 Cash and cash equivalents carried fornva 6.155,711 87,608 Analysls of changes in net debt At30 September 2021 Other non- eash ehanges At30 September 2022 Cash flow5 Cash and cash equlvalents: Cash 87,608 6.107.665 6,155,711 Borrowings: Debt due within one year 11.129.230) 1.129.230 Total {1.041,622> 7.236.895 39.562 6,1 $5.711 The notes on pages 16 to 27 f￿M part of these fmanual ststements. 15

STELIOS PHILANTHROPIC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Accounting Policies 1.1 Basis ol preparation of financi•l ststem•nts The financial statements have been p￿pared in a¢¢ordan¢e *Mth A¢¢ounling and Reporting by Charrties.. Statement of Recommended Pracb"ce applicable lo ¢harities p￿ParIng their accounts in accoidan¢e with the Financial Reporting Stsndard apPI￿ab]e in the UK and Republic of Ireland {FRS 1021- (Chanties SORP IFRS 1021), the Financial Repoth"ng Stsndard applicabk in the UK and Republ￿ of Ireland {FRS 1021 and the Companies Act 2006. Stelios Philanthropic Foundation meets the definit￿ of a publi¢ benefft entity ut)der FRS 102. Assets and liabilib.es are initially recognised al historical cost or transa¢bon value unless otheMi$e siatetj in the relevant a￿ounting policy. 1.2 Company status The eh3ritable company is a company limiéed by guarantee and registe￿d in England and Wales. Its registered offKe and principal place of business is 34 Thurloe Square. London, SW7 2SR. In the event of the company being V￿Und up. the liabilty in respect of the guarantee is limited to £1 per fflember of the company. 1.3 Going concem The Foundation has sufficient resources $0 that it cat) discharge its liabilit￿S for al least a year from the date the financial statements are approved and ensure adequate resources to continue in opefational existence foc the foreseeable fvture. For this reason. the Trustees continue to adopt the going concern basis in preparsng the financial statements. 1.4 Fund accounting General fvnds are unrestn¢ted fvnds are availawe for use at the discretion of the trustees in ftJrtheran¢e of the general obie¢lives of the charrtable ￿MpanY and Vth￿h have not been designaled for other purposes. Endowment fund represents assets held by the charitable company that are intended for use in perpetuity. 1.5 Incom? All in¢ome is recognised once the ¢ompany has entrtlemenl lo the income. it is probable Ihat the income wll be received and the amount of income receivable can be Measu￿ ￿lIablY. 16

STELIOS PHILANTHROPIC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Accounting Poll¢les I￿nI1￿￿ed) 1.6 Exponditure Expendrture is re¢ognised once the￿ 1$ a legal or constru¢tive obligation to transfer economic benefit to a third party. rt is probable that a transfer of economic benefits will be required in setNement and the amount of the obligation can be measured reliably. Expendrture is classified by activity. The costs of each acth.vty a￿ made up of the totsl of direct ¢o$ts and shared ￿$1$, including support costs involved in undertaking each acliwty. D1￿ct costs attributable to a single a¢livrty are allocated diieclty to that activity. Shared costs whKh contribute lo MO￿ than one activity and support costs which are not attributable lo a single activrty a￿ apport6oned between those a¢tivFties on a basis consistent with the use of Tesources. Central stsff Costs a￿ allocated on the basis of time spent, and depreciation charges allocated ￿ the p￿.On ofthe asset's use. Governance cost5 are those incurred in conne¢lion wrth administrab.on ofthe ¢haritable company and compliance wrth conslrtutKJnal and slatulory wuirements. Charitsble activÉties are costs in¢urred on the ¢haritable company's opeTalion$, induding support costs and costs ￿lab"n9 to the goveman¢e of the ￿MpanY apportioneo to ¢harilable activities. Grants payable are char9ed in Ihe year when the offer 1$ made except in tho$e cases where the offer is conditional, such grants being recognised as expenditure when the condilions attaching are fulfilled. Grants offeied subject to ¢onditions whth have not been met at the year end are noted as commitment, but not accrued as expendrture. All expendrture is inClu￿ve of irrecoverable VAT. 1.7 Tangible fixed ass•ts and depreciation Tangible fixed asset$ are ¢arried at ¢osL net of depre¢iation and any provision for impaimienl. Depre¢iation is prowded al rales ¢akulated to write off the ¢o$t of f￿ed assets, less their esiimated residual valLre, over their expe¢ted useful lives on the following bases". Freehold property Property improvements Fixtures & ffftings Office equipment 2% stra￿ht line 20% Straight line 33.3% Straight line 33.3% Straight line 1.8 Operating leases Rentals under operating leases are charged to the ststement of financial activities in¢orporating Come and expenditure accounts on a straight-lne basis over the lease term. 1.9 For•ign currencies The charitable company's functional and presentatK)nal currency is Sterfing 1£). Monetary assets and liabilitses denominated in foreign currencyes are translated into sterling al rates of exchange ruling at the balance sheet dale. TranSact￿S in foreign currenaes are translated into steding at the rate ruling on the dale of the tran￿¢11￿n. Exchange gains and losse$ a￿ re¢ognised in the statement of financial activities incorporating income and expenditure accounts. 17

STELIOS PHILANTHROPIC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 1.10 Debtors Olhef debtors are recognised atthe settkment amount after any trade discountoffered. Prepayfflents are valued at the amount prepaid net of any trade discounts due. 1.11 Cash at bank and in hand Cash at bank and in hand indudes cash and short lem highty liquid investments with a short malur(ty of three months or less from the date of acquisition or opening of the depostt or similar a¢count. 1.12 Creditors Liabilities are recogni5ed when there is an obligation at the balance Sheet dale as a result of a past event. it is probable that a transfer of economic benefrt will be required in settkment. and the amount of the settlement can be estimated reliably. Liabilib"es are recognised at the amount that the charitable company an1￿1paleS it will pay to sethe the debt or the amount it has received as advanced payments forthe goods or ser¥ices it must pro¥￿e. Provisions a￿ measured at the best estimate of the amounts required to settle the obligatKin. Where the effect of the b.me value of money is material. the provision is based on the present value of those amounts. dixounled at the pre-tax dis¢ounl rale that retlects the risks specific to the liabilty. The unwnding of the discount 15 recognised wlhin interest payab and ￿milar charges. 1.13 Finan¢lal instrum•nts The Charitable company only has finanoal assets and financial liabilities of a kind that qualify as basic rinan¢tal in$trument$. Basi¢ finan¢ial instruments are initialty recognised at transaction value and subsequenlty measured al their setuement Value wilh the excepth)n of bank loans which are subsequenty measured at arno￿$ed cost using the effeclive interest method. 1.14 Taxation Stelios Philanthropic Foundation tsa registered charity and as such it's income and gain$ falling within Section5 466 to 493 of the Corporats"on Tax Act 2010 Of Section 256 of the Taxation of Chargeable Gains Act 1992 are exempt from corporab.on tax to the extertl that they are applied to its Charitsble obJe¢live$. 1.15 Judgemgnts and estimalion uncorlalnty E$timale$ andjudgements are continually evaluated and are based on historical experience and other factors, including expectation$ of future events that are believed to be reasonable under the circumstances. There were no signifunt judgements and estimates in the year. Voluntary Incom• Unrestricted Endowment funds funds 2022 2022 Total funds 2022 Total funds 2021 Donations Total 2021 18

STELIOS PHILANTHROPIC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Costs of generating voluntsry Income Unrestrl¢tsd End0%￿￿ent fvnd$ fund$ 2022 2022 Total funds 2022 Totsl funds 2021 Events Total 2021 Gov•mance costs Unrestricted Endowment funds funds 2022 2022 Total funds 2022 Totsl funds 2021 Auditorfs ￿muneratIon Professronal fees Exchange rate differences Other costs Bank ¢har9es Trustee remuneration Wages & salaries Employerfs Nl Governance expense - pension costs Depreciation 11,110 21,547 39.S62 230.834 4.$92 60.719 98,898 17.S08 975 45.901 9.556 29,320 122,8451 121,B46 3,624 62.787 72,064 11,334 368 309,217 21,547 39,562 230,834 4,592 60,719 98,898 17,508 975 314,797 268.896 Analysi5 of grnnts Grants to Institutions 2022 Grants to Individual$ 2022 Notes Total 2022 Total 2021 Giants 20 1378 824 1 392 856 629 917 Total 2021 DirKI costs Total 2022 A¢ti¥ities Activity costs Total 2021 Activity costs represent food costs for the "Food from the hearf programme. 19

STELIOS PHILANTHROPIC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Support Costs Totsl 2022 Total 2021 Activities Support costs Wages and salartes National insurance 151.956 11.672 1.739 151.956 11.672 1.739 197.660 8.748 1,304 Tolal 2021 Support costs ￿p￿sent labour and dIStritr￿tion costs ￿cUrred in the"Food from the hearf, programme. Net in¢¢)m¢ll•xponditurel This is Stsled after eharging.. 2022 2021 Depreciation of tangible fixed assets.. - owned by the charitable company Auditorfs remuneration Lo$sl{Gainl on foreign exchange 314.797 8,000 309.217 6,000 During the year. no trustees received any beneffits in kind12021- £NIL). During the year. no trustees received any reimbursement of expenses (2021- £NIL). During the year, four Iruslees. M Eliades. D Manasse, N Mourkogiannis, and I Panou received remuneratson in their role as trustees, as peM)￿ell by Ihe provis￿n$ in the govemin9 document of the charitable company, totalling £60.719 (2021.. £62.7871. Staff costs Staff costs were as follows: Notes 2022 2021 Wages and salaries Social security costs Other pension c0515 110.570 19.247 975 80,812 12.63 368 20

STELIOS PHILANTHROPIC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 The average number of pers¢)ns emptoyed by the charrtable company during the year was as foll¢)ws.' 2022 No. 2021 No. Distribution Administrat￿n No employee received remuneration amounting to more than £60.000 in either year. 10. T•ngible fixed assets Freehold Property Fixtufes & pr(yerty improvements fittings Office •quipment Total Cost At 1 October 2021 Additions 15.887.198 967.621 390 102 82,480 81,450 17.018,750 394,266 At 30 September 2022 15 887 198 1 357 723 17413015 Depreciation At 1 October 2021 Charge for the year 320.530 121 731 165.173 59.735 69,103 614,$41 17 361 ￿Ll1 314 797 At 30 Septembef 2022 442 261 Net book value At 30 September 2022 At 30 September 2021 21

STELIOS PHILANTHROPIC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 11. Debtors 2022 2021 Due within one year Prepayments and accrued income 12. Creditors: amounts falling due within one year 2022 2021 Sundry Credrtors Other tsxation and sorial sKurity Trade creditors Accruals and deferred income EGH Loan (see note 171 Grants payable 35,264 24,684 18.953 41.785 11,272 8.108 19,000 21,592 1,129,230 360 $71 360 571 The easyGTOUP Holdings (EGHI ban was ￿pat￿ fulty in the year (see note 17). 13. Creditors: amounts lalling due after one year 2022 2021 Grants payable 221 142 581,713 14. Statement of funds Statsment of funds- current year Balance at Balance at 1 October 2021 30 Trdnsfers September inllout) 2022 Incoming Rèsources resources expended Unrestricted funds General funds 53 10 499 22S 6 952 808 Z 6S3 $46 Endowmentfund$ Endowment funds 14 899 249 268 896 354 961 14 98S 314 Total of furKIs On 26 July 2019, the charitabk c(mpany adopte(I revised of a5s0riatioTh stipulatin9 certain properties shoukl be retained ￿ perpetuity by the tharity Al eaL yeac end. a transfer is made fr(Mn vnrestricw fvnds to endowment funds for additsons lo ￿$th¢ted fixed assets in the year. 22

STELIOS PHILANTHROPIC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 statement of fund$ - prior year Balanc• at 1 October 2020 {•$ Inc¢)mlng R•sour¢os restated} r￿oUrCeS •xpnded Balance at 30 Transfers Septern￿r inllout) 2021 Unrestricted funds General fijnds 1 148 356 1441773 $37 910 Endowment funds Endowment funds 14912 963 245 695 14 899 249 Total of fijnds 15. Reconciliation of net incomel(èxp•nditurel to nt ¢ash flow from op•ratlng a¢tlvlties 2022 2021 Net in¢om•l(oxpondlturnl for the reporting peri¢)d Dopraciation Interest paid FX LossllGaln) Decrèase in debtors Docrease in creditors 7.576,783 314.797 4,592 39,562 1126) {299.8551 11.699,980} 309,217 3.624 (22.8451 12061 (365,3291 Not ¢a$h Inflowllouffiow) from operating actlvlties 7.635.753 11.775,519) 16. Analysis of net assets between funds Analysis of net assets between funds - currènt yèar Unrestricted Endowmènt funds funds 2022 2022 Total fund$ 2022 Tangible fixed assets Current assets Creditors due thin one year Creditors due after one year 1,498.361 14.985.314 16,483.675 6,1S6.846 6,156.846 1481.2571 {481,2571 1221.1421 {221,1421 23

STELIOS PHILANTHROPIC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Analysis of not assets betwetn funds - prior year Unrestricted Endowrnent funds funds 2021 2021 Total funds 2021 Tangible fixed assets Current assets Creditors due wlhin one year Creditors due after one year 1.S04.959 14.899.249 16.404,208 88.617 88.617 {1.549,TT31 {1,549,773) {581.713) {581.7131 17. Related party transactions Amount Ilovfrom rola¢•d parties Narne Irelatlon5hipl Trnns•di Amount 2022 2021 2022 2021 easyGioup Limited Iconrnn DtyA•b)ns re￿Wj Infiuencel 10,496.875 easyG¢oup Hobsings Limrted l¢ommon influencl Loan 1.129.230 11.129.230) 11,129,230) Fondabm Phlanthroph]ue Stelios- Monaco lo)mmon infiuencel DoThatKsns pa#J 936.681 Sir Stelios mal￿10an￿OU Post balance $h¢ot ¢v•nts Since the year end 30 September 2022. the Foundath)n has not entered any fvrther muth'.year commitments. 19. Controlling party The ultimate controlling party 1$ the trustees. 24

STELIOS PHILANTHROPIC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 20. Grants awarded lor future payment Grant5 awarded by the Trustees forfiJbJre payment at 30 Seplember2022 total £581.713 (2021.. £942.284} as follow5.. Schcrf>l or Charfty Date La$t Asat30 slgnvd Poynnt Serember New Exiin9ublwl Pald Asat30 Septèmber 2022 LSE Doukas 1 Doukas 2 Royal Museum Grn0￿¢h (Cuity Sark) Prlnce's Tntst 2210f42018 2023 17104r2014 2021 1Y11r2020 2025 Oy07￿19 2tr23 1150,LKQI 150,OC#) 242.284 160.5711 150.OCOI 181.713 50,000 1100.OWI 200,OC#) 942.284 1360.5711 581.713 Due within tyi¢ year Inoie 121 Du8 after one year (￿18 131 360.571 581.713 0.571 221,142 942.284 581,713 25

STELIOS PHILANTHROPIC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 21. Chorltable ¢ommltsnents entfj￿d Into In the year 2022 2022 2021 Dir•ctdonatio￿ md• by St•llM Phllnthropi¢ Found•tion UK to othercharittes Indudlng the •teounUn9 treatnntol mulli year commitynnts Doukas Scholatshp)s (GRI LtoTrard Cheshire disabihty ¢jOna￿l} to s¢alf forc￿￿-19 {UK) vouche￿ ¢Jisiributed lo 1100 rrtJr5ry slallin hosptsls (GR) G￿ek Red Cross IGRI Svpwmarkei VOL¢hers 10 Nrsirtg $laft ICY) Charity apppal via Ihe Daily Mail Lydta whose mLlher was assassinatsd ￿ Greery IUKI Cyprus Slate appeal fvjnd fry fw¢ ICY) Supefmathei yo￿her5 lor rm1￿ ￿ h)5Wt ki ofCypTrts ICY Yannis Ch￿tOd￿k)U FtyJndabOn ICY) Sl klarfs Church in trfMrE•ott (UKI Lawa LYM tharity in trelarKI ￿18.$ christe￿ IIRI Sainl 8arth Fe5bv (FR) tixnmiko PanlcpOl￿ S￿lS￿l-f¢¢d bank n Spelse5 (GRI 301,P30 49,291 42.958 42.593 20.ry)o 17.182 10.569 6.437 5.wo 4.812 2.724 2.010 St Nithd88 Spetses IGRI FoTrJalioTr PlulanthroFique Sldios (MCI Bayes. Thty Business S¢th (UK) RYTC S¢nar Boat (UK) CYMEPA 30 yea￿ ICY) Helenic Iniliab¥e (UK) Sl Barth Fe5tsval (FRI GB Red thoss Ukwre Apreal IIM) UNHCR ukraine Appeal ILJK) Leorwrd c￿S￿Ire disatmtsty WK) The ArLea9￿ (UK) Allanbc yo￿￿ Tntsi IIRI Rhodes YaGNCltkn Sailty (GRI G￿$SdO￿ (UK) tthls F¢yJrxlall￿ IUKI Eran05 YwArknkart Synd ICY) A9iou Nicclaou SFdses IGR Le￿e1T￿¥ Caiethadty in the n￿e ofClts Foyle (UK) Fl)ga kn Ihe of th'no IGR) Red Cr055 ICYI Pedoulas district I Murmcipahty S￿tses Arm 2Wd2 IGR) IR Red Cross I￿raine IIR) SFetses Country C￿ts IGR Lania CLVIUI ICY) Sl Barth SNSM IFRI Tam Ships IUK) Hospice In Ihe i P31¥p￿ OBrenTh8n WK) a99ie's ¢¢rlyes in olJthn 8ion IUKI Red Cr05s hi Me￿mmY olmwrw Kyriarth IGRI Girokfft%) An￿ in fr￿ ol Ptmlipp ErrknrK05 {G $￿porters KK1s c￿leS1 2023 I+Cyda(kM (GRI Allarrficy￿Ih TrU￿[lA) r League Monaco (k4CI RNLI in of JarEt IslIa4￿nI (VKI CY•AEPA 8eacfv CanirvJ ICYJ Donations under GBP 1.￿0 18.052 571.9)1 25,895 25,( ?1,041 17.136 17.105 15.0 15.0ts) 12.952 10.382 10.0 8.655 8.585 8.585 8.454 8.394 8.319 5.234 4.244 3.050 2.687 2.561 1,632 2,695 Car￿¢ Foward 1A14.047 613.88S GR- Gre￿, MC - Monaco, CY- Cypws, UK- Uniled Kingdem, FR - France. CH - Svth2erland. US - Uniied Ststes ofAJnerica. IR- RePth￿ of I￿11[￿1 26

STELIOS PHILANTHROPIC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 21. Charltable commilThents entered into in tho y•ar {¢onlinuedl 2022 2022 2021 Brought forward Donation$ made Vla thg ?ffillated'Foundation Philanthropique Stslio$' regl$tsrod in Monaco WWF Intemational (CHI Foundation Prince Al)ert11 (MCI Fight Aids (MC) MC Children and Future No Finish Line {MCI MC Red Cros5 for Patrick Coote Charity Row {MCI Air League Monaco (MC) MC Red Cross for Ukraine {MCI Les Anges Gardiens {MCI Foundab"on Princess Chartene (MCI Greek Community Monaco (MC) 150.469 150,469 17.813 10.041 8.558 8.508 8.394 4.246 4.196 2.083 Subtotal 364 777 Total donations to institutions Ke GR - Greece. MC - Mona¢o. CY - Cyprus, UK- Unrted Kingdom, FR - Fran¢e. CH - Swtzerland, US- United Slates of America, IR- Republic of Ireland 27