2021-06-30-accounts

Registered number: 07962181 Charlty number: 1149828 CENTRE FOR EFFECTIVE ALTRUISM {A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Do¢ ID." 755d978b3¢982586e1¢495578fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) CONTENTS Page Reference and administrative details of the company, its Trustees an(1 advisers Tru5tees' report Strateglc Report Independent auditorfs report on the financial statements Statement of financial activities 10-13 14 Balancè sh8•t Statement of cash flows 16 Notes to the financial statements 17-44 Th8 following pages do not fom part of the statutory finan￿al statem8nts". Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2021 Trustees Mr W D M8cAskill DrTDGOrd Ms C Zabel Dr O Cotton-B8rrat Dr N M Beckstead lappoinled 1 July 20211 Ms T McC8uley lappointed 1 July 20211 Company r8915ter•d number 07962181 Charity registered number 1149828 Registered office Trajan House, Mill Street, Oxford, OX2 ODJ Company secretary Mr Joshua Axford Independent audltor Crowe U.K. LLP, Blaok County House, Rounds Green Road, Oldbury, West Midlands, B69 2DG Bankers The Co-operative Bank PLC, PO Box 250. Skelmersdale. WN8 6WT Immigration Solicitors Turpin & Miller LLP, 1 Agnes Court, Oxford Road, Oxford, Oxfordshire, England, OX4 2EW Lawyer5 Bates Wells, 10 Queen Street Place, London, EC4R 1 BE Page 1 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2021 The Trustees have pleasure in presenting their annual report and the financial statements, including the adrninistrative detail on page 1. lor the year ended 30 June 2021. Structur&, Gov•rnanc• & Manag•m•nt Centre for Effective Altruism ICEAI is a registered Charity (Charity number.. 11498281 and a company limited by guarantee Icompany number.. 079621811, and it is governed by its Memorandum and Articles of Association, as dated 9 October 2012. The Trustees for the year are listed within the reference and administrative details on page 1. The wistered (>ffice (add￿SS on page 11 1$ also the piin¢ipal office of CEA. The Trustees are also Diredors for the purposes of the Companies Act 2006 and corllpany law. New Trustees are appointed from time to time as required and are selected by the vote of the existing Trustees. The board seeks candidates that have 8xpertis8 and experienc8 r8levant to th8 rnis5ion of the charity. New Trustees are given relevant intemal documents and directed towards resources such as the gov.uk guide, 'The essential Trustee.. whatyou need to knc>w. whatyou need to do,. Current Trustees are kept infonned of sector developrnenls either through attendanoe at training courses. or thrciugh briefings with ihe Senior Management Team ISMTI. Centro for Effeotive Altr(Jistn is governed by 8 Trustee board, however d8*tO-d8y operations have been delegated to the senior management team and the director of each project. Sènior Manay•m•nt Tèam ISMT) William MacAskill, Dir8ctor of For8thought Ifrotll Octob8r 20171. Max Dalton, Ex8cutive Director (since Octob8r 20191, previously Interim Executive Director Ben Todd, Executive Dirertor of project 80,000 Hours Jad8 Leung. Dir8Ctor of proj8ct Long-T8rrn Incubator (since April 20191 Laura Pomarius, Assistant Dir8ctor of project For8thought The Trustees seek input and research on strategic decision making from the SMT to infom their decisions. In the event th8t a Trustee opposes a resolution, tt is usually deferred for further discussion. The SMT (outlined abovel are the key management personnel. Remuneration for key management personnel is set in aecordanc8 Imth CEA'S salary policy which is r8vi8w8d by th8 Trust88s. All salari85 ar8 S8t in accordanc with industry norrms. taking into account staff experience. Afflllatlons Centre for Effective Altruisrn is affiliated with a number of organisations which share a similar mission including the 'Future ol Humanity Institute, and Global Priorities Institute IGPII in the UK, with whom it shares office space and collaborates extensively. Centre for Effective Alruism is also closely affiliated with a 501lcll31 organisation regislered in the US, Centre lor Effective Altruism USA Inc. I'CEA USA.). CEA USA is a SLJbsidiary of Centre for Effective Altruism and, whilst OP8rat8d in conjunction with it, 15 not consolidated within these financial 5tat8ments on th8 grounds of control. This arrangernent will be reviewed and updated in the 2021122 FY. Centre for Eff8etive Atruism provid8s advic8 and shares knowledgé wth thesé organisations and at timas has provided financial support in the form of grants in collaboration with its donors and Trustees. Page 2 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2021 Obje¢tive5 and Adivities Centre for Effective Altruism continues to pursue the objects for which it was set up, as set out in the Memorandum and Article5 of Association, namely such charitable purposes according to the law in England and Wales as the Trustees determine. including in particular (but without prejudice to the generality of the foregoingl.. the promotion and improvement of the efficiency and effectiveness of charrties and the application of charitable resources by inforrning, advising and educating those who work for or with charities and voluntary organisations, or who are otherwise concerned with charities and voluntary organisations with a view to improving fundraising and planned giving to charities and for Charitable purposes., the advancement of education by providing sources of information about the ethics of career choices., the prevention or relief of poverty and the improvement of the conditions of life in socially and economically disadvantaged communities through undertaking and SUp￿rting research into factors that contribute to poverty and the most appropriate ways to mitigate these. Grant-making In all grant-making, Centre lor Effective Altruism senior management are mindful of the need to further our charitabl8 objects and act for the public benefit. Grants are therefor8 made only when th8re is a cl8ai t18-in to Centre for Effective Altruism's charitable objects and CO￿ focus 8re8s. Further inforrnation can be a￿essed on our website.. http5'.118pp.effeotive8ltru15tn.orglabout-us Main obj•etiv•s for thè yèar CEA Centr8 for Eff8Ctive Altruism I"CEA"I supports the 8ff8Ctive altruism ¢omtMunty. It nurtures spaces where people can explore how to apply the ideas of effective altruism to their future careers. research. or donations. These spaces indude events such as the EA Global conference, local community groups, and online spa￿S such as the EA Foium. CEA'S objectives for the FY 2020121 included improving inlemal systems and monitoring, and narrowing its organisational locus to focus on its comparative advantage. 80.000 Hours 80,000 Houis aims to solvè thè most prèssing skill botU8n8eks in the worfd's most pr8ssing prob18ms. It dogs this by providing research and support to help people swltch into careers that effectively tackle these problems. FY 2020121 objectives included developing the job board, advising team, and podcast. Forethought The Forethought Foundation for Global Priorities Research I"Forethought°l aims to promote academic work that addresges the question tsf how to use our scarce resources to improve the world as mueh as possible. Forethought supports research into the potential importance of our actions in the long run, and potential implications this might have lor our decisions today. FY 2020121 objectiv85 included supporting 8cad8tnic r858arch into tOPlC5 of long-t8rm importanc8 lincluding a forthcoming book by William MacAskilll, and providing grants, networking opportunities, and mentorship for the Global Priorities Research Fellows and other researchers. Page 3 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2021 EA Funds Effective Altruism Funds I'EA Funds") aims to be the easiest, most effective way to donate. FY 2020121 objectives included irnproving the management of the funds team, improving the grantee application experience and increasing the amount of money moved via the plarform. GWW¢ Giving What We Can I'GWWC") inspires donations to the world's most effective organisations. FY 2020121 objectives included supporting the communty with high level research and increasing the number of people taking the giving pledge. Public benefit In carrwng out its activities in the year under review, the Trustees confirm that they have complied with their duty in Section 17 of the Charit18s Act 2011 to hav8 regard to th8 public b8nelit guidance issued by the Charity Commission for England and Wales. The Trustees are satlsfied that the activities undertaken have all been for the public benefit. Specifically, they have strived to ensure that the two conditions of achieving public benefit are met." al that there are identifiable benefits of our work and, bl that the benefits are to the public or a section of the public. Please refer to our objectives, listed above which explain the nature of our work in relation to meeting the public benefit requirement. Approved by order of the members of the board of Trustees on by.. and signed on their behalf 2910312022 Mr W D MacAskill Trustee Page 4 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) STRATEGIC REPORT AS AT 30 JUNE 2021 Aehi&vam•nts and P•rfom)ancè CEA In 2020121, CEA achi8v8d th8 following outcom85 on its existing projects.. The EA Global l°EAG'I London conference hosted 900 participants with overwhelmingly positive feedback. CEA doubled the number of connections facilitated per partiapant compared to the last in-person event in London. The average likelihood to recommend the event was 9.1. EA Forum use increased rapidly, with 100Yo growih Yoy in terms of hours of engagement. EA Virtual program launched with over 1,000 participants in the first 6 mo>nths. The Campus Specialist programme was launched to provide a high level of support to group organisers at universities. More than 35 grants were given lo individuals working on EA University Out￿a¢h. 80,000 Hours In 2020121. 80,000 Hours ran a major update to its user survey, depriorilised its headhunting, and continued to deliver on its podcast, website, job board and advising- speaking with hundreds ol people. Forethought Significant progress was made on the manuscript for the upcoming book on longtemisim due to be published in 2022. EAFunds New fund management structure was introdu￿d. Website was redeveloped lo improve UX. The EA InfrastruciLJre Fund and Long-Tem Future Fund doubled the amount of money moved Yoy. GVIWC Best 12 months on record lor The Pledge11,2761, trial pledges11,0271 and website visitors1656kl. Released a series of cause area research summaries and effective giving guide. Plans for future periods CEA Expand community building work with increased support for group organisers. Facilitate crrtical new connections within the community by expanding the size and frequency of cOnferen￿S. Improve online presence on effectivealtruism.org. Improve the quality of EA Virtual Programs. 80,000 Hours In 2021122, 80,000 Hours will aim to further develop its job board, advising team, podcast, and websile. We will review progress towards these by tracking the number of people we advise, our podcast subscribers and the nurnber of job5 we post. We will track the irnpact we're having on the careers of our users. primarily through surveys, as we continue to work towards helping them tackle the world's most pressing problems. Page 5 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) STRATEGIC REPORT ICONTINUEO) AS AT 30 JUNE 2021 Forathought Forethought aims to continue to develop and then promote an upcoming book on longterrnisim. Forethought also plans to run another round of Global Priorities Fellows, and to run further grantmaking. &4 Funds In 2021122 EA Funds will locus on development associated with grant making and will likely transfer ownership of the donation plafform lo Giving What We Can. We also expgct there will be a Change of leadership in the coming financial year. GWWC Aims to focus on growing the community of effective givers in 2021122. There will be increased focus on develop. Measuring success Each division has th8ir own m8trics to m8asur8 progr8ss and succes5. The58 are all monitor8d on a biannual basis. Fundralslng Due in large part to the generosity of our existing donor base, during 2020121, the charity had no fundraising activities requiring disclosure under S162A of the Charities ACL Financial review Total income for the year was £18,637,586 12020.. £15,521,709) of which £18,563,790 12020.. £15,178,393) r8lat8d to donations and legacies. Total 8xp8nditure for th8 y88r was £14,119.14712020.. £8,585,677) of which £8,429,17012020'. £4,651,710) related lo grants. Our main source ol income over the period was donations frorn individuals. We are especially grateful for all contributions rnade. We have used donations over the period to support our charitable objectives. largely by pawng staff to engage in research or outreach activities and to ensure our research is disseminated widely. Our total funds at the year-end wgre £23,372,079 12020.. £18,853.6401, of which £13.325,115 12020.. £15,806,455) were restricted and £10,046,96412020'. £3,047.1851 unrestricted. Three funds are in deficit at year4nd.. Future of Humanity 1nsb.tute IFHII, Global Priorities Institute IGPII and Community Building Grants. Community Building Grants is a project ol CEA General. This deficit will be filled by funds from CEA General in FY 21122 85 the CBG programme h8s now been phased out. FHI and GPI completed a move to a new office, Trajan House during the financial year. The move and refurt>ishment costs were higher than expected, and both funds ended up in a deficit after all costs were accounted for. Both FHI and GPI are expected lo secure funds frorn a rnajor donor to fill in their deficits during FY 21122. The Trustees oonsider the stste of the CEA'S financi81 affairs to be satisf8ctory, and therefore consider it appropriate to prepare the financial statements on a going concern basis. Page 6 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) STRATEGIC REPORT ICONTINUEO) AS AT 30 JUNE 2021 Invèstmènt Policy Funds for the coming year will be held in cash. An additional month ol future operating costs will be held in contingency as cash. Remaining reserves will be invested in a long term focused low risk diversified investment with the aim of preserving value relab"v8 to inflation. If this Cotmbination of low riskllow yield is not achievable in the Current market we will opt for a fixed rale deposit that has very low exposure to risk. lallhough reserves will devalue relative lo inflation over iirnel. This policy will be reviewed annually. Reserves Policy Centre for Effective Altruism will continue to adopt a ptslicy of holding not less than 6 months of future operating Costs in reserves at all timès, with the aim of increasing this to 12 months over time. We plan to hold 1 month of future operating costs in cash, 5 months of future operating cost in low risk investments, and any additional reserves into a balanced market portfolio to maximise return lor Centre lor Effective Altruism. This policy was apprtsved by the trustees of in February 2020. We define 'reserves' as all funds held in excess of committed spending for the calendar year 2021, as set out in the 2021 Budget. We plan to allocate these reserves into different investments, in order to cover any unexpected conb"ngencies, and to maximise Centre for Effective Altruism's r8turn5 on funds d8POSlted over th8 long terrn. In order to do this. we use our Yuture operating costs.. which we define as our current operating costs. increased by 15°A to account for growth and CPI, with the exact percentage to be reviewed year to year. Centro for Effective Altruism's free reserves Icaloul8ted 85 unrestricted funds less designated funds and fixed assets) as at 30 June 2021 totalled £8,192.82412020 £2,599.1131. Risk Manay•m•nt Centre for Effective Altruism regular reviews and identifies risks and reports these to the trustees. The risks are discussed and monitored by the trustees, and mitigations are identified by the Head of Operations. The key current risks as identified In our Risk Register and the control systetns are shown below, along with the progr8SS made on risks identrfied for the previous reporting period. Management of 8XlSting risks Major PR I reputalion loss Regular briefs & discussions of PR strategies in team meetings I Slack PR point & Community Liaison Officer developed system for preparing people for interviews Policies & staff handbook,. crisis comms procedure introduced120191 Major cyber security issue Regular briefs on information security,. cyber awareness month Secure systerns in place12FA, LastPass, bank dual authorisationl 80,000 Hours annual data securily audit Third party data breach Avoid startup-type companies when using sensitive dats l ensure they are verified Page 7 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) STRATEGIC REPORT ICONTINUEO) AS AT 30 JUNE 2021 EqLJalily and diversity eomplaint Staff handbook includes policy on diversity., Slack Channel set up to exchange resources Julia Wise gave talks on diversity at latest EA Global conf8renc8 Staff made awa￿ of need foi diversity in HR Progress over the last year on risks previously identified Loss of Major donors we have had positive engagement with donors, improving systems and our new donor managemenl syslem reduce the likelihood, and regular financial forecasting and runway monitoring redu￿ the impact. Major cyber security issue - We conducted a full data audil and engaged a consultant to conduct testing of our security systems. Major PR I reputation loss -The comrnunity health team are owning this risk, however at this point it still remains a key risk. 3rd party cyber I data breach- No change, this remains a key risk for this period. Statement on th8 impact of COVID-19 on activities Centre for Effective Altruism has taken action to identify risks and has adapled its activities in response to COVID-19. We expect any financial impact to be minimal and that operab.onal activities will conb.nue mostly unchanged. Much ol Centre for Effective Altruism's activities are conducted remotely, for example our provision ol the EA Funds platforrn and our online forum, and several of our programm8s such as For8thought and 80,000 hours support distributed researchers. We have also established back-up procedures in case staff members became unwell so that critical services can continue. For our in-p8rson 8Gtivities such as th8 annual EA Global conferen08 we have adapted to run virtual conf8r8nces which have been successful. We continue to monitor user feedback to look at ways to improve engagement with our attendees. As part of our EA Funds platForrll, our fund managers have reoommended grants lo organisations working on COVID-19 as part ol our Global Health and Development Fund, and we have added options for donors to donate to other organisations working on biosecurity. We have been in regular contact with our major donors, who expect to be able lo continue to support Centre for Effective Altruism in the future. statement of Trustees. responsibilities The Trustees (who are also the directors of the company for the purposes of company lawl are responsible for preparing the Trustees. report including the Strategic report and the financial statements in 8w)rdance with applicable law and Uniied Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Page 8 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb43Saa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) STRATEGIC REPORT ICONTINUEO) AS AT 30 JUNE 2021 Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial ststements unless they are Satisfied that they give a true and fair view of the state of affairs of the cornpany and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting poliaes and then apply them consistently-, observe the methods and principles of the Charities SORP IFRS 1021., make judgements and accoLJnting estimates that are reasonable and prLJdent', state whether applicable UK Accounting Standards IFRS 1021 have been ftsllowed," subject to any, material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time ihe financial position of the Company and enable them to ensure that the financial statements eomply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of inforniation to auditor Each of the persons who are Trustees at the time when this Trustees, report is approved has confirmed that.. so far as that Trustee is awaie, there is no relevant audit information of which the chariws auditor is unaware, and that Trustee has tsken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the eharitls auditor is aware of that information. Auditor The auditor, Crowe U.K. LLP, has indieated his willingness to eontinue in office. The designated Trustees wll propose a motion reappointing the auditor at a meeting of the Trustees. Approved by ord8r of th8 m8mb8rs of th8 board of Trust88s on by.. and sign8d on th8ir behalf 2910312022 Mr W D Ma¢Askill Trustee Page 9 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CENTRE FOR EFFECTIVE ALTRUISM OpSnlon We have audited the financial statements of Centre lor Effective Altruism Ithe'eharitable companql for the year ended 30 Jun8 2021 which comprise th8 St8tem8nl of Financial Activities. th8 Balanc8 sh88t, the Stat8m8nt of cash flows and the related notes, induding a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial R8porting Standard 102 'Th8 Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practi￿1. In our opinion the financial statements.. give a true and lair view ol the state of ihe charitable companys affairs as at 30 June 2021 and ol its incoming resources and application ol resources, including its income and expenditure lor the year then ended., have been prDperfy prepared in accordance with United Kingdom Generally Accepted Accounting Practi￿., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted OLJf 8udit in accord8nc8 With Int8rn8tional Standards on Auditing IUKI IISAS IUKII and applicab18 law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accc)rdance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requiremenls. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Canelusions rèlating to goin9 eoneèm In auditing the financial statements. we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may casl significant doubt on the charitable companrfs ability to conb"nu8 as a going concern for a period of at least Iwelve months from when thg finanoial statements are authorised for issue. Our responsibilities and the responsibilities ol the Trustees with respect to going con￿rn are described in Ihe relevant sections ol this report. Page 10 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CENTRE FOR EFFECTIVE ALTRUISM ICONTINUEDI Other information The Other information compris85 the information included in the Annual report other than the financial stat8rnents and our Auditorfs report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other infomation and, except to the 8Xtent oth8TWiS8 8xplicitly stat8d in our report, W8 do not 8xpr85s any fo￿ of assuranc8 conclusion th8r8on. Our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. 11 we identify such material inconsistencies or apparent material misstaternents, we are required to dete￿Ine whether this gives rise to a tnateri81 misst8ternent in the fin8nci81 statements themselves. If. based on the work we have performed, we conclude that there is a material misstatement ol this other infomation, we are required lo report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course ol the audit.. the inforrnation given in the Trustees, Report including the Strategic Report for the financial year for which the financial statements are prepared is consistent with the financial statements. the Trustees, Report and the Strategic Report have been prepared in accordance wth applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of our knowledge and understanding of the eharitable Company and its environment obtsined in the cours8 of th8 audit, we hav8 not identifi8d material misstat8ments in the Trustees. R8POrt including th8 Strategic Report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to repc>rt to you if, in our opinion.. adequatB a¢¢ounting records have not betrn ktrpt, or retums adequ•t& for our audit have not been rec8ived Irotn branches not visited by us,. or the financial statements are not in agr8ement with the accounting records and returns., or grtain disclosures of Trustees, remuneration specified by law are not rnade,. or we hav8 not r8ceiv8d all th8 information and 8xplanations we r8quir8 for our audrt. Page11 Do¢ ID". 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CENTRE FOR EFFECTIVE ALTRUISM ICONTINUEDI Responsibilitl8s of trustees AS explained more fully in the Trustees, responsibilities $18tement, the Trustees Iwho are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and lor being satisfied that they give a true and fair view, and for such inlemal control as the Trust8es d8t8rrnine is nec8ssary to 8nabl8 the pr8parab.on of financial stat8tn8nts that are fre8 from Tnaterial misstatement. whether due to fraud or error. In preparing the financial statements. the Trustees are responsible lor assessing the charitable company's ability to continue as a going concem, disclosing, as applicable, matters related to going concem and using the going ¢oncein basis of accounting unless the Trustees èither intend to liquidate the ¢h8ritable company or to ¢e8se operations, or have no realistic allemative bul lo do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditorfs report that includes our opinion. Reasonable assurance is 8 high levgl of assurance, bul is not a guarantee that an audit conducted in accordan￿ with ISAS IUKI will always detect a material misstatement when it exists. Misstaternents can arise from fraud or error and are considered material if, individLJally or in the aggregate, they could reasonably b expected to influence the eeonomie decisions of users taken on the basis of thèse financi81 ststements. Irregul8rities, including fraud, are instan￿5 of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined a￿Ve, to detect rnaterial rnisstatements in respect of irregularities, including fraud. The extent to which our procedures are capable ol detecting irregularities, including fraud is dètai18d below.. We obtained an understanding ol the legal and regulatory frameworks within which the chariiable company operates, focusing on thtsse laws and regulations that have a direct effect on the detemiination of material amounts and disclosur85 in the financial stat8tT18nts. The laws and regul8tions we considered in this context were the Companies Act 2006, the Charities Act 2011, together with the Charities SORP IFRS 1021. We assessed the required compliance with these laws and regulations as part of our aLJdit procedures on the related rinaneial statement items. In addilion, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable companrfs ability to OP8rat& or to avoid a mat8ri81 penalty. We 8150 consid8r8d the opportuniti85 and incentiv85 that m8y exist within the charitable company for fraud. The laws and regulations we considered in this context for the UK operations were taxation legislaticin and employment legislation. Auditing standards limit the required audit prc)oedures lo identfy non-compliance with these18ws and regulations to enquiry ol the Trustees and other management and inspection of regulatory and legal correspondence, if any. We identrfied the greatest risk of material impact on the financial statements from irwLJlarities, including fraud, to be within the timing of recognition of income and the override of controls by managerment. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting ol journals, designing audit procedures over income, reviewing aeeounting estimates for biases, reviewing règulatory correspondence with the Charity Comrnission, and reading minute5 of meetings of Ih05e charged with governance. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some mat8rial rnisstatements In th8 financial statements, 8V8n though we hav8 properfy plann8d and performed our audit in accordance wth auditing standards. For example, the further removed non-c0rnpl1an￿ with laws and Page 12 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CENTRE FOR EFFECTIVE ALTRUISM ICONTINUEDI regulations liriegularitiesl is from the events and tr8nsactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as wlh any audit, there remained a higher risk of non-delection ol irregularities, as these may involve collusion, forgery, inleniional omissions, misrepresentations, or the overiide of internal controls. We are not responsible lor prevents.ng non- compliance and c8nnot be 8xpecled to dgtgct non-wmpli8nC8 With all laws and regulations. A further description of our responsibilities for the audit of the fin8NCI81 statements is located on the Financial Reporting Council's website at.. www.1rc.or .uklaudilorsres onsibilities. This descriplion forms part of our Audito¢s report. U$¢ of our roport This report is tnade solely to the ch8ritabl8 company's members. as a body, in accordance with Ghapter 3 of Part 16 01 the Companies Act 2006. Our audit work has been undertaken so that we might state lo the charitable companls members those matters we are required to state to them in an Auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume iesponsibility to anyone other than the charitable company and its members. as a body. for our audit work. for Ihis report. or for the opinions we have formed. Kerry Brown (Senior Statutory auditor) for and on behalf of Crowè U.K. LLP statutory Auditor Black Country House Rounds Green Road Oldbury West Midlands 69 2DG Date.. 3010312022 Page 13 Do¢ ID." 755d978b3¢982586e1¢4955768¢4eb43Saa4b854

CENTRE FOR EFFECTIVE ALTRUISM

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2021

Note Income from: Donations 4 Investments 5 Other income 6 Total income Expenditure on: Charitable activities 8 Total expenditure Net income Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2021 £ 6,232,505 33,893 25,198 6,291,596 2,390,293 2,390,293 3,901,303 3,098,476 6,999,779 3,047,185 6,999,779 10,046,964	Restricted funds 2021 £ 12,331,285 184 14,521 12,345,990 11,728,854 11,728,854 617,136 (3,098,476) (2,481,340) 15,806,455 (2,481,340) 13,325,115	Total funds 2021 £ 18,563,790 34,077 39,719 18,637,586 14,119,147 14,119,147 4,518,439 - 4,518,439 18,853,640 4,518,439 23,372,079	Total funds 2020 £ 15,178,393 35,628 307,688 15,521,709
				8,585,677 8,585,677
				6,936,032 - 6,936,032
				11,917,608 6,936,032 18,853,640

The notes on pages 17 to 44 form part of these financial statements.

Page 14

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) REGISTERED NUMBER.. 07962181 BALANCE SHEET AS AT 30 JUNE 2021 2021 2020 Note Flxed assets Intangible assets Tangible assets 13 1,853 1.777,211 3,652 371,143 14 1.779,064 374,795 Current assets Debtors 15 2.278,031 175,000 20.771,700 4.532,898 175,000 14,619,715 Investments 16 Cash at bank and in hand 23,224,731 19,327,613 Creditors.. amounts falling due within one year 17 11,631,716) (848,768) N•t eurr•nt ass•ts 21.593,015 18,478,845 Total asset$ less Current liabilities 23,372,079 18.853,64Q Total net assets 23,372,079 18,853,64Q Charity funds Restricted funds 13,325,115 10.046,964 15,806,455 3,047,185 Unrestricted funds Total funds 20 23,372,079 18,853,640 Th8 Truste8s acknow18dge their r8sponsibilib.es foi complyng with the r8quirem8nts of th8 Act wth r88P8Ct to accounting records and prep8r8tioN of financial staternents. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. on 2910312022 Mr W D MacAskill Trustee Th8 not85 on pages 17 to 44 form part of these financial statements. Page 15 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2021 2021 2020 Cash flows from operating activities Net cash used in oper8ting activities 22 8,066,312 5, 168,265 Cash flows from investing activities Dividends, interests and rents from investments Proceeds from the sale of tangible fixed assets Purchase ol intangible assets Purchase ol tangible fixed assets 34,077 35,628 1,639 (5,451) (578, 135) 11.948,4041 Net cash used in investing adivities 11,914,327) 1346,3191 Changa In cash and cash •qulval8nts In thè yèar Cash and cash equivalents at the beginning of the year 6.1S1,985 4,821,946 14.619,715 9,797,769 Cash and cash equlvalents at the end of the year 23 20,771,700 14,619,7t5 The notes on pages 17 to 44 fomi part of these financial statements Page 16 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Company ststus Centre for Effective Atruism ICEAI is registered as an incorporated charity limited by guarantee with Companies House, (registered no. 07962181 England and Wales) and Charity Cornmission Iregist8réd no. 11498281. The address of its registered office is Trajan House, Mill Street, OxFord, OX2 ODJ. Accountlng pollcles 2.1 Basis of preparation of financial ststements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 AGoounting and Reporting by Charitie5.' Ststement of Reoormmended Practice 8pplicable to oharities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Finanaal Reporting Standard applieable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Centre for Effective Altruism Meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the r818Vant accounting policy. 2.2 Golng concem The Charity has C85h resources and has no requirement for external funding. The Trustees have reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties about its ability to continue. Th8y continue to believe that the going conc8rn basis of accounting 15 appropriate in preparing th8 annual financial staternents. 2.3 C8ntre for EfFeetive Altruism USA CEA is also closely affiliated wilh a 501 Icl131 organisation registered in the US, Centre for Effective Altruism USA Inc., which, whilst operating in conjunction with CEA, is not cc)nsolidated within these rinancial statements on the grounds of control. Transactions with this entity have been captured and disclosed as a related party. After the year-end, the relationship between CEA UK and CEA USA was formalised on 1 July 2021 with CEA UK becoming the sole member land therefore having a degree ol controll of CEA USA. Please refer to note 27 for further details. 2.4 Fund accounting General funds ar8 unrestricted funds which are availab18 for u58 at th8 discr8tion of the Trustees In furtherance of the general objectives of the company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been sel aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordan￿ with specific restrictions imposed by donors or which have been raised by the company lor particular purposes. The costs ol raising and administering such funds are eharged against the specific fund. The aim and use of each restricted fund is set out in th8 no185 to the financial staterT18nts. Page 17 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Accountlng pollcles leontlnuedl 2.5 Incom& Income is included in the Statement of Financial Activities I'SOFA") as and when entitlement arises, the amount can be reliably quantified and the economic benefit to the Charity is considered probable. Donations and gifts represent amounts receivable during the year, twether with any associated tax refund and do not include the value of any pledges secured for future donations. Grants are included in the financial 5t8tements on a receivable basis. The balance of income received for a specific purpose but not expended during the year is shown in the relevant funds on the Balance Sheet. Where entitlement occurs before income is received, the income is accrued. Donated services are induded in the SOFA lo the extent that the value to the Charty is quantifiable, and these are recognised at market value. A corresponding entry in expenditure for these donated servi￿$ is also recognised. In line with FRS 102, voluntary help is not included within the financial stst8tM8nls. 2.6 Expendlturè Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a Iransler of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is dassilied by activity. The costs of e8oh adivty are made up of the total of direGt costs 8nd shared costs, inoluding support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned belween those activities on a ba51S COnSlStent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on oharitsble activities is incurred on diredly undertaking the activities whi¢h further the companls objectives. as well as any associated support costs. All expenditure is accounted for on an aeeruals basis. Support costs and other costs not directly attributable to particular function818ctivity categories are apportioned over the relevant categorie5 on the basis of management eslimales of the amount attributable lo that activity in the year on a basis consistent with use ol the resources. The irrecoverable element ol VAT is included with the Ilem of exp8nse to which it r8lat8S. Governance costs indude strategic planning costs for the Charitls future development, external audit and all costs of complying wth constitutional and statutory requirements, such as costs ol board and committee meetings and for preparing statutory fin8ncial statements and s8tisty.ng public accountability and are included within support costs. 2.7 Grant making The Charity makes regular grants to its recommended charities. Grants are recognised when a eonstructive obligation arises that results in the payment being unavoidable. Page 18 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Accountlng pollcles leontlnuedl 2.8 Intangibl• assats and amortisation Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment 105S8S. AmortisatiC>n is provided on intangible assels at rates calculated to write off the cost of each asset on straight-line basis over its expected useful life. Amortisation is provided on the following basis.. Patents 330 2.9 Tanglble fixed assets and depreclatlon Tangible fixed assets costing £5.000 or more are capilalised. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible rixed assets are measured at cost less accumulated depreciab.on and any accumulated impairment losses. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following bases.. Office equiprnenl Leasehold improvements 25Yo Straight line slraight line over the life of the lease 2.10 C4Jrrent asset investments These represent deposit accounts. 2.11 Debtors Short term debtors are initially measured at transaction price, less any impairments. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.12 Cr8ditors Creditors are recognised when the charity has a present obligation resulting from a past event that will prc>bably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured reliably. Creditors are recognised at their settlement amount after allowing for any trade discounts due. Page 19 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Accountlng pollcles leontlnuedl 2.13 Foraign eurr•nciès Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates ol exchange ruling at the reporting date. Transactions in foreign cu￿en¢1es are translated into sterling at the rale ruling on the date of the transaction. Exchange gains and losses are recognised in the St8ternent of fin8nci81 activities. 2.14 Flnanclal Instruments Basic financial instruments are initially recognised at transaction value and subsequently measured al amortised cost. Financial assets held at amortised cost comprise cash at bank and in hand, together with accrued income and other debtors. Cash at bank and in hand is defined as all eash held in instant access bank accounts and us8d as working capital. Fin8n¢ial li8biliti8s held at arnortised cost comprise all creditors except social security and deferred income. 2.15 Pension5 The pensions costs charged in the financial statements represent the contributions payable to the personal pension plans of certain employees during the year. AmoLJnts paid in relation to these schemes are charged to the Statement of FinanGial Activitie5 when they fall due. All pension costs are allocated to unrestricted funds. Critical accounting estimates and areas of judgement Estimates and judgements are continually evaluated and are based on historical experience and other factors, including 8xpectations of futur8 ev8nts th3t are b81iev8d to be r8asonabl8 under the circumstances. Critical aecounting estimates and assumptions.. Useful economic lives of tangible assets The annual depreciation charges for tangibl8 as58tS 8re s8nSltive to chang85 in th8 8Stirnat8d useful economic lives and residual values for the assets. The useful economic lives and residual values are re- assessed annually. They are amended when necessary to reflect current estimates based on economic ub"lisation and the physical condition ol the assets. See note 14 foi th8 carrying atllount of th8 tsngib18 assets and note 2.9 fr)r the useful lives for each class of asset. Valuation of donated services Administrative support is provided by the affiliated charity, Centre for Effective Atruisrn USA Inc. through the sharing of staff members and the use of shared software. Oonaled staff setvices are valued at an estimated monthly h multiplied by the staff members, US salary lor time worked on CEA activities. Additionally. donated legal 5ervi￿5 are valued as invoiced by the donating law firm. Page 20 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Income from donations Unrestricted funds 2021 Restricted funds 2021 Total funds 2021 Donations 6,232.505 12.331,285 18,563,790 Unreslricled funds 2020 Restricled funds 202Q Total funds 2020 Donations 2,964,836 12,213,557 15, 178,393 Invèstmènt Incom• Unrestricted Restricted funds funds 2021 2021 Total funds 2021 Bank interest le￿1vable 33,893 184 34,077 UnrestrNrtgd funds 2020 Tot81 funds 2020 Bank interest receivable 35,628 35,628 Page 21 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb43Saa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 other income Unrestricted funds 2021 Restricted funds 2021 Total funds 2021 other income 25.198 14.521 39,719 Unrestricted funds 2020 Restricted funds 2020 Total funds 2020 Other income 253,777 73,911 307,688 Analysis of grants Grants to Grants to Institutions Individuals 2021 2021 Total funds 2021 Grant making 7,037,200 1,391,970 8,429,170 Grants to Institutions 2020 Grants lo Individuals 2020 Tot81 funds 2020 Grant making 3,501,394 1. 750,316 4.651,71Q Page 22 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Grants were made to the following institutions.. 2021 2020 Against Malaria Foundation Altruisme Efficace France Animal Charity Evaluators APPG for Future Generations Association Effective Altruism Association Effective Altruism Fran Association Effective Altruism Geneva Billion Dollar Question LLC Cambridge Effective Altruism CIC Centre for Applied Utilitarianism Charity Science Foundation ICSFI Credence Institute CrUSta￿an Compassion Czech Association for Effective Altruism EA Projects Equalia Evidence Action 1.443,950 81,143 43,943 26,696 47,707 80,408 27,990 43,181 135,947 57,705 39,387 15,290 44,125 29,848 26,112 66,012 468,316 110,669 235,343 64,597 110,907 365,23T 65,495 155,192 32,333 806,594 Fair Fish International Fortify Health Founders for Good Generation Pledge GiveDirectly Global Action in the Interest of Animals 212,785 161,151 132,212 29,269 35,866 69,267 Good Food Institute Helen Keller International 35,356 429,701 1.359,210 27,999 820,249 25,662 21,906 4,303 32,291 164,286 180,900 ID Insight Inc Innovations For Povety Machine Intelligence Research Institute Malaria Consortium 570,314 Players Philanthropy Fund Project Healthy Children Rethink Charity Royal Commonwealth Society for the Blind SCI Foundation Sinergia Anirllal 26,352 211,453 27,013 Grants rnade to institutions carry forward 6.133,030 3.068,624 Page 23 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

Grants made to institutions brought forward Stitching Effective Foundation The Future of Humanity Foundation The Good Food Institute The Humane League The Rector and Visitors of the University of Virginia The University of Edinburgh University of St Andrews Vyacheslav Matyuhin Other (smaller grants, under £25k) Total	6,133,030 200,000 152,861 37,576 87,119 51,701 150,677 49,428 - 174,808 7,037,200	3,068,624 - - - 83,419 - - - 39,284 310,067 3,501,394

8. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted funds 2021 £ Core activities 2,263,998 80,000 Hours - Forethought (excluding grant making) - Grant making 126,295 2,390,293 Unrestricted funds 2020 £ Core activities 1,530,371 80,000 Hours - Forethought - Grant making 396,637 1,927,008	Restricted funds 2021 £ 925,778 2,133,270 366,931 8,302,875 11,728,854 Restricted funds 2020 £ 303,852 1,846,085 253,659 4,255,073 6,658,669	Total funds 2021 £ 3,189,776 2,133,270 366,931 8,429,170 14,119,147
		Total funds 2020 £ 1,834,223 1,846,085 253,659 4,651,710 8,585,677

Page 24

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Analy515 of expenditure by acti¥itie5 Grant funding 2021 Support costs 2021 Total funds 2021 Direct costs 2021 Core activities 1,317,689 920,294 160,251 1,872,087 1,212,976 206,680 3,189.776 2,133.270 625,011 8,171,090 80,000 Hou Forethought Grant making lexduding Forethroughtl 258,080 8,171,090 Total 2021 2,398,234 8,429,170 3,291,743 14,119,147 Grant funding 2020 Support costs 2020 Total funds 2020 Direct costs 2020 Core activities 1. 762.699 1, 768.570 223.608 671,523 77,514 30,053 1.834,222 1.846,084 253,661 4.651,71C> 80.000 Hours Forethought Grant making 4,651,710 Total 2020 3, 754.877 4,651.710 779,090 8.585,677 Page 25 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Analysis of dir•et eosts Core Activities 80,000 Hours Forethought 2021 2021 Total funds 2021 2021 Analysis of dir•et costs - currènt yèar Books, Subscriptions, and Referen￿S Charges on donations Computer expenses Contractors 13,0121 44,817 23,938 419,645 9.796 5,158 18,498 132.035 44,101 539.160 71,572 11,128 853 7,910 199 379 5,277 45,025 26,144 486,508 22,602 12,769 20,017 165,322 60,194 1,369,316 171,181 13,026 853 865 1,341 34,535 72 32,328 12,734 7,558 Loss on Disposal of Fixed Assets Food and Beverages Marketing Office expenses Professional fees 53 1,369 2,654 3,158 104,674 11,507 500 30,633 12,935 725,482 88,102 1,398 Salaries Staff costs Travel Venues and events Totsl 2021 1,317.689 920,294 160,251 2,398,234 Page 26 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Core Activities 2020 80,000 Hours Forethought 2020 2020 rot81 funds 2020 Analysis of direct costs - prior year Books, Subscriptions, and R8f8r8nc8S Charges on donations Computer expenses Contractors 46.352 4,847 52 7,500 31,428 48,802 33,362 36, 107 16,494 1.218 13,306 64,499 25,829 14, 158 214,071 49,272 35,662 81,251 49, 166 14,962 29 42,445 186,658 46, 163 397,407 1,517,44Q 10,373 109,476 296,072 25,774 4,781 154,888 1,877 27,755 47Q 547 Depreoiation and amortisation Loss on Disposal of Fix8d Ass8ts Donatèd Services 1,753 45, 150 24.032 Food and Beverages Foreign exchange lossesllgainsl Bank ¢hargès Marketing Office expenses Professional fees R8nl Salaries Staff costs Travel 8,640 (4,767) 18.505 29 29.731 11,605 103, 137 8,888 396,606 1,032,312 6,407 27,993 1,826 1,109 6,435 1,800 807 77.086 35,475 346,993 2,764 59.558 138,135 1,148 21,925 4,418 Venues and events 289,828 Total 2020 1, 762,699 1,768,5T2 223,608 3, 154,879 Page 27 Do¢ ID". 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Analysis of support costs Core activities 80,000 Hours Forethought 2021 2021 Total funds 2021 2021 Analysis of support costs - eurr•nt y•ar Books, Subscriptions, and Referen￿S Charges on donations Computer expenses Contractors 110,8701 7,301 8,440 4,871 3,341 119,896 337.700 59,737 4,712 13,014 118 106 3,565 151,917 382,690 138,844 11,787 216,730 510 10,209 44,990 78,224 6,977 200,429 21,812 Dep￿ciatIOn and amortisation Loss on Disposal of Fixed Assets Food and beverages Foreign exchange losses Bank charges G0veMan￿ costs 883 98 3,287 399 110,252 714 130,1721 11051 122,873 138,2721 391,500 373,733 35,283 9,777 11,156 12851 30,389 5,168 9,013 87,535 20,591 8,088 91,236 324 Marketing Office expenses Professional fees Rent Salaries Staff costs Travel Venues and events 525,958 33.499 359.901 244,137 57.770 12,057 269 679,220 395 760,414 705,405 113,644 29,922 269 Totsl 2021 1,872.087 1,212,976 206,680 3,291,743 Page 28 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Core activities 2020 80,000 Hours Forethought 2020 2020 rot81 funds 2020 Analysis of support costs - prior year Comput8r 8xp8nses Contr8¢tois Depreciation and arnottisation Loss on Disposal of Fix8d Ass8ts Donatèd Servioes Food and b8V8rag8s Foreign exchange Igainslllosses Bank charges Govetnanc8 costs 10.250 10,250 54,806 24,568 4,131 74,306 23, 108 (14,979) 3,651 73, 138 95 52,473 44,672 92,807 23,040 291,T21 5,954 14,350 985 54,806 24,568 4, 137 74,306 23. 108 {14,979J 3,651 52.589 15.295 5,254 Marketing Office 8xpenses Operations Support Professional fees R8nl Salaries Staff costs Travel 95 52.473 33,250 28,967 11,422 13,377 50,463 23.040 291,727 5,954 14,350 985 Venues and events Total 2020 671,523 77,512 30,053 779,088 Page 29 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 10. Auditor's remuneration 2021 2020 Fees payable to the company's auditor for the audit of the company's annual accounts 17,500 1T,OOQ Fees payable to the company's auditor in respect of.. Other services 3,925 10,020 Staff costs 2021 2020 Wages and salaries Social security costs Contribution to defined contribution pension schemes 2,074,721 216,999 38,816 1,614,076 173,654 21,437 2.330,536 1,809,161 During the year there were redundancy or temination payments made totalling £2,616 (202Q- £10,000). No amounts were outstanding at the year end. The average number of persons employed by the Company during the year was as follows.. 2021 No. 2020 No. Charitable activities 29 27 The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. 2021 No. 2020 No. In the band £60,001- £70,000 In the band £70,001 - £80,000 In the band £80,001- £90,000 In the band £9Q,001- £100,000 In the band £110,001 - £120,000 Aggregate ernployee benefits of key management personnel (inclusive of employers Nl and pension) were £521,949 (2020- £3t6,874). Page 30 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 12. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2020- £NIL). During the year ended 30 June 2021, expenses tolalling £76 were reimbursed or paid directly lo 1 Truslee (2020- £1,768 to 2 Tmstees) for travel and subsistence. 13. Intangible assets Domain names Cost At 1 July 2020 5,451 AI 30 June 2021 5,451 Amortlsatlon At 1 July 2020 Charge lor the year 1,799 1,799 At 30 June 2021 3,598 Net book value At 30 June 2021 1,853 At 30 June 2020 3,652 Page 31 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 14. Tangible fixed a55ets Leasehold improve- mènts Office èqulpmant Total Cost or valuation At 1 July 2020 Additions Disposals 149,786 31,993 1143,7501 324.883 1,916.411 196,9331 474,669 1,948,404 1240,6831 At 30 June 2021 38,029 2,144,361 2,182,390 Depreciation Al 1 July 2020 Charge for the year On disposals 80,914 4,266 174,8781 22,612 376,624 14.359 103,526 380,890 179,2371 At 30 June 2021 10,302 394.877 405,179 N•t book valu& AI 30 June 2021 27,727 1,749.484 1,777,211 At 30 June 2020 66,672 302,271 3TI,143 15. Debtors 2021 2020 Due after more than on8 yèar Other debtors 1.614,918 1,614,978 Duè within on• y•ar Other debtors 110,368 432,814 119,931 26,961 2,804,347 86,672 Prepayments and accrued income Tax recoverable 2,278,031 4.532,898 Page 32 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 16. Current asset investments 2021 2020 Cash equivalents on deposit 175,000 175,OOQ 17. Creditors.. Amounts falling due within one year 2021 2020 Trade creditors Other taxation and social security Other creditors Accruals and defeThed income Grant commitments 415,860 62,861 16,582 543,316 593,097 16,983 57,69Q 10,759 342,85Q 420,486 1.631,716 848,768 Reconciliation of grant commitments 2021 2020 Commitments at 1 July Commitments made in the year Grants paid during the year 420,486 315,10Q 8,429,170 4.651,71Q 18,256,559) (4,546,324) Commltments at 30 June 593,097 420,486 Page 33 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 18. Financial instruments 2021 2020 Financial assets measured at amortised cost 1,840,609 4,515,024 2021 2020 Financial liabilities measured at amortised cost 11,568,855) (791,078) Financial assets measured at amortised cost comprise current asset investments, accrued income and other debtors. Financial liabilities measured at amortised cost comprise trade creditors, other creditors, accruals and grant commitments. 19. Summary of funds Summary of funds- Current year Balance at 30 Junè 2021 Balaneè at 1 July 2020 Transf•rs inlout Income Expenditure Designated funds General funds Restricted funds 76,929 76,929 2,970,256 6.291,596 12,390,293) 3,098,476 9,970,035 15,806,455 12.345,990 111,728,854) 13,098,476) 13,325,115 18,853,640 18,637,586 114,119,147) 23,372,079 Summary of funds - prior year Balanc8 8t 30 June 2020 Balance at 1 July 2019 Transfers in/out Income Expenditure Designated funds General funds Restricted funds 7S,929 1,332, 154 3,234,24t (1,927.008) 10,508.525 t2,287,468 (S,658,669) 76,929 330,869 2,970,256 (350,869) 15,806,455 11,917,608 t5,521,709 (8,585,677) 18,853,640 Page 34 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 20. Ststement offunds Balance at 30 June 2021 Balance at 1 July 2020 Transfer Income Expenditure inlloutl Designated fvnds 80,000 Hours 76.929 76,929 General funds General Funds- all funds 2,970.256 6,291.596 12.390.293} 3.098.476 9.970,035 Total Unrestrlcted funds 3,047.185 6,291,596 12,390,293} 3.098A76 10,046,964 R•strletèd funds Giving What We Can 80,000 Hours EA Outreach 367,106 6,049.230 409 5,141 371.768 179,4871 12.133.270} 292,760 4.287,728 409 EAF 18.067 320,867 118,0671 1320,8671 EA Funds- Animal Welfare EA Funds- Glob81 Community EA Funds- Global Developrnenl EA Funds - Grantmaking EA Funds - Long term future Alliance to Feed th8 Earth in Disasters Future of Humanity Institute IFHII Against Malaria Foundation Animal Charity Evaluators Charity Saence Foundation of G8n8da Give Well 266,754 1266,7541 1,911.437 11.911,4371 3,879,974 1261.0461 11,560,566 17,434,960} 8,005,580 261.046 9.195 19,1951 2,373.900 250,338 3.509 249,4961 12.230,4841 1250,3381 13,5091 1106,0801 9.064 100,688 19,0641 1100,6881 SchistOSOml8sis Control 145,624 12.532 46.808 1145,6241 112,5321 146,8081 Project H8althy Children Give Directly Evidence Action IDeworm the Worfdl 147.584 1147,5841 Page 35 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Evidence Action (Dispensers for safe waterl Evid8nce Action INo188n season) Global Catastrophic Risk Institute Helen Keller International Vitamin A 10,089 110,0891 2.469 12,4691 1.166 11,1661 18.671 8,646 3,019 26,191 131.493 103.575 5,123 716.063 167,188 1,538.923 495.S47 118,6711 18,6461 13,0191 126,1911 1131,4931 1103.5751 15,1231 DMI Iodine Glob81 Network IIGNI Sightsavers Donor Lottery Malaria Consortium END Comtnunity Building Grants FHI Research Scholars 3.643 1905.5321 134,442} 1625,0111 1182,340} 1185,8261 132,746 769,374 1408,6851 Forethought Foundation GPI 1.552 146,0901 1721,8921 Regrant- Animal Charity Evaluators IACEI Regrant- EA Norway Regrant- Rethink Charity Regrant- Sliftung fur Effektiven Altruismus (REG Fund) Regrant- Charity Entrepreneurship Incubated Chariti8s ICE) Regrant- Johns Hopkins Center for Health Security Regrant- Machine Intelligence Research Institute IMIRII The Precipice Long-term Incubator Other restricted funds 4.637 2,392 3.479 14,6371 12,3921 13,4791 6.442 16,4421 33.136 133,1361 5.594 15,5941 5.959 98,200 119.905 4.390 15,9591 14,428 388.892 154,313} 130,0031 58,315 478,794 14,3901 Total RestrScted funds 15,806,455 12,345,990 111,728,854> 13,098,476) 13,325,115 Totsl offvnds 18,853.640 18,637,586 114,119,1471 23,372,079 Page 36 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 ststement of fiJnds- prior year Balance at 30 Jun8 2020 8al3nc8 at 7 July 2019 Transfer Income Expendilu in/(out) Designated fvnds 80,000 Hours 76,929 76,929 General funds General Funds- all funds 1,332, 754 3,234,241 (7,927,(A>81 330,869 2,970,256 Total Unrestrlcted funds 1,409,083 3,234,241 (7,927.008) 330.869 3,Q47. 185 R•strletèd funds Giving What We Can 80,000 Hours Effective Fundraising Global Prioriti$8tion Programme EA Outreach 377,307 4,218,570 85,511 (4.201) (t,846,J84J 367. 106 6,049,230 3,676, 744 (85.5111 6,7T8 217,711 59,4Q2 271, 701 (6. 7781 (217,302) 409 EAF 2,491 559,448 [43,8261 (510,282) 18.067 320,867 EA Funds- Animal Welfare EA Funds- Global Community EA Funds- Global Development EA Funds - Long term future Alliance to Feed the Earth in Disasters Future ol Humanity Institute 267,439 89,802 (90,487) 266,754 864,369 157. 784 1,865,504 516.214 (818,456) (412.352) 1,911,437 261.046 6,976 2,243 (241 9, 195 IFHII 2,410,944 214,420 17, 729} 137,J441 (81,8841 (5,666) 2,373,900 250,338 3,509 Against Malaria Foundation Anitmal charity Evaluators Charity sa@n￿ Foundaiion of Canada 117,802 10,304 12,234 7,447 580 13, 750) (521,983} P,064 700.688 Give Well Schistosorni8S15 Control 615,224 107, 7T5 1,758 18,118 108,819 44, 129 144 1280) (5,861) (26,4991 (7 75. 105) 745.624 Sentience Institute 2,559 Project Healthy Children Give Dir8ctly 20,913 113,094 12.532 46.808 Page 37 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Evidence Action ID8worm the Worfdl Evid8nce Action IDisp8n58rs for safe waterl Evidence Action INO lean s88sonl Innovation lor Poverty Action Global Catastrophic Risk 162,992 145,420 (722,Q71} (58,7571 747,584 5,Q05 [12.6421 77.726 10.089 2,696 121.2581 21.031 2,011 2,469 (2,011) 1,250 1,960 (2,Q44) 1, 166 H818n Keller International Vitamin A 44,857 9,416 5,027 13,866 (2,040) 3Q, 7T9 107,916 3,982 8,977 124, tQ8 459,260 92, 728 43,258 23, 788 9,118 12,424 (69,4441 123,9581 (7 1, 126) (991 18.671 8,646 3,019 26, 191 DMI Iodine Global Ne￿rk IIGNI Sights8vers Alameda Research 2,040 Donor Lottery Malaria Consortium 100,433 44,830 7, 737 1,568,469 94,813 1,615,961 478,043 281 131.493 103,5T5 5. 123 716,063 167, 188 1,538,923 495,547 (49, 171) (6,596} (861,383) (51, 733) (536,298) (15,224) END Community Building Grants FHI Research Scholars Forethought Foundation GPI Regrant- Animal Charity Evaluators IACEI Regr8nt- EA Norway Regrant- Rethink Charity Regrant- Sliftung fur Effektiven Altruismus (REG Fund) Regrant- Charity Entrepreneurship Incubated Charib"85 ICE) Regrant- Johns Hopkins Center for Health Security Regrant- Machine Intelligence Research Institut8 IMIRII The Precipice Long-t8rm Incubator Other restricted funds 5,568 2,842 3,973 20,224 5,806 22,827 (21, 1551 (6,256) (23,321) 4,637 2,392 3,479 6,413 30 6,442 54,968 (21,8321 33, 136 5,661 (67) 5,594 7,196 298,399 139.487 4,879 (1,237) (2QO, 199) 179.5821 (489) 5,959 98.200 7 19.905 4,590 28,488 (28,488) Total Restricted funds 10,508,525 12,287,468 (6,658,669) (350,869) t5,806,455 Totsl offvnds 11,917,6C>8 15,521. 709 (8,585.677) 18,853,640 Page 38 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 The restricted fLJnds are described below.. Giving What We Can A project run internally within CEA. building a community of members who are encouraged to donate 10°/o of their income to the most effective organisations in the world. 80.000 Hours- A sub-organisation within CEA that researches high-impacl careers and offers 1-on-1 career coaching. They maintain a blog, a podcast, and a curated job board of opportunities with effective alttuist organisations. Effective Fundraising- An organisation based on providing grants to help small organisations increase in size. Global Prioritisation Project- An internal research project within CEA to inform strategic field orienlalion. EA Outreach A project based on engaging with potentially high-impact individuals, run by a CEA employee. EAF (Effective Altruism Foundationl- A regranting fund to the organisation 'Effective Altruism Foundation" which Is distinct from the Centre for Effectiv8 AKrLJiStn. The Eff8Ctive Altruism Foundation's website is 8vailable here.. https.'Ile8-found81ion.orgl EA Funds- Animal Welfare- One c>f our four EA Funds managed by experts in their respective fields, who will pool the community s donations and research the rmost irnpaottul ways lo grant the money raised. The Animal Welfare Fund supports organisations that work on improving the wellbeing of animals, especially farmed animals. EA Funds - EA Community- One of our four EA Funds managed by experts in their respective fields, who will pool the community's donations and research the most impactlul ways to grant the money raised. The EA Community Fund writes grants lo groups that drive more high-quality talent, information and capital towards tackling th8 world's biggest probl8rns. EA Funds- Global Development - One of our four EA Funds managed by experts in their respective fields, who will pool the cornmunity's donations and research the most irnpactful ways to grant the money raised. The Global Developrnent Fund supports org8nisations that work on improving and saving the lives of some of the poorest people in the world. EA Funds- Gr8ntrn8king - regranting to 811 charitsble organisations listed on the EA Funds websit&. EA Funds- Long-Term Future- One of our four EA Funds managed by experts in their respective fields, who will pool the comtnunivs donations and iesearch the most impactful ways to giant the tnoney raised. The Long-Terrn Future Fund seek5 to reduce global catastrophic risks, especially bul not exclusively those from advanced artificial intelligence. Allian¢e To Fe8d The Earth In Disasters- Regranting to ALLFED, a charitsble organisation that researches practical food solutions in the event of a global catastrophe, in order to save lives and reduce the risk to civilisation. Future of Humanity Inslilule IFHII- Supporting the activities of Future of Humanity Institute, a research institute at the University of Oxford. Against Malaria Foundation - Regr8nting to Against Malaria Foundation, 8 tharitable organisation th* aims to prevent malaria by distributing bed nets. Anitnal Charity Evaluators- Regranting to Animal Charity EvalLJators, a chaiitable organisation that researches the most effective ways to help animals, providing recornmendations on the top animal Page 39 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 charities and interventions. Charity Saence Foundation of Canada- Regranting to Charity Science Foundation, a charitable organisation that uses Scien￿ and rationality to find, SLJPPOrt, and build the world's most effective charities. Givewell Regranting to the charitable organisation Givewell, restricted to be distributed to their current top recommendations on the most effective global health and development charities. Schistosomiasis Control Initiative- Regranting to Schistosomiasis Control Initiative, a charitable organisation with programs to prevent and treat parasitic wom infections. Senlienoe Institute- Regranting to Sentience Institute, a charitable organisalion dedicated to expanding humanity's moral circle to all sentient beings. Project H88lthy Children - Regranting to Projed Healthy Children, a charitable organisation that supports food fortification prograrns in developing countries. Giv8Directly Regranting to GiveDirectly, a charitab18 organisation that mak8S Ljnconditional cash transfers lo those living in extrerne poverty. Evidence Action- Regranting to Evidence Action, a charitable organisation, restricted to their Deworm the Worfd progr8m that works with governments lo support school-based deworming. Evidence Action (Dispensers for safe waterl- Regranting to Evidence Action, a charitable organisation, restricted to their Dispensers for Safe Water program that provides a¢￿$$ to Clean and safe water cornmunities in Africa. Evidence Action (No lean seasonl- Regranting to Evidence Action, a charitable organisation, restricted to their No Lean Season prograrn that h81p8d poor f8mili8s in Bangladesh by 8n8bling labour rnobility. Innovations lor Poverty Action- Regranting to Innovations for Poverty Action, a charitable organisation that focus8s on r8s8arch and policy to discov8r and promote effectiv8 solutions to global pov8rty problems. Global Catastrophic Risk Institute - Regranting to Global Catastrophic Risk Institute, a charitable org8nis8tion that researches and analyses risks to the surviv81 of hum8n oivilisation. Helen Keller International Vitamin A- Regranting to Helen Keller International, a charitable organisation, restricted to their Vitamin A supplementation program that aims to reduce child mortality. DMI (Development Media Internationall An organisation we offer donors to donate to through our EA Funds project, assessed to be highly effective according to the prinaples of Effective Allruism. Iodine Global Network (IGNI- Regranting to Iodine Global Network. a charitable organisation that aims to redu￿ iodine deficiency globally by supporting national salt iodisation programs. Sighlsavers - Regranting lo Sightsavers. 8 charitable organisab'on. restricted lo their deworming program thal aims to prevent and treat neglected tropical diseases. Al8rned8 Research- Restriction relating to donations, primarily in orypto-currenw tokens from 8 donor to EA funds within the organisation Alameda Research. Donor Lottery- Funding donor lotteries, a project within CEA that pools donors funds and allows one persr)n to dedicate time and research to funding the most pressing prr)blerns. Page 40 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Malaria Consortium- Regranting to Malaria Consortium, 8 charitable organisation, restrided to their seasonal malaria chemoprevenlion program. END (Ending Neglected DIs8asesl- R8granting to th8 END Fund, a charitab18 organisation, rèstricted to their deworming prograrn. Community Building Grants - Community Building Grants, a project run intemally within CEA, that aims t 8n8ble people to work on projects that will contribute to solving some of the world's most important problems. FHI Research Scholars- Supporting the activities of Future of Humanity Institute's Resèarch Scholars program for early-career researchers aiming lo answer questions related to humanity's wellbeing. Forethought Foundation - Forethought Foundation, a sub-organisation within CEA that aims to promote 8c8demic work that addresses the question of how to use our scarce resources to improve the worfd by as much as possible. GPI - Supporting th8 aCtivit18s of Global Piiorities Insb"tut8, a research Institute at th8 Universty of Oxford. Regrant- Animal Charity Evaluators IACEI- Regranting to the charitsble organisation Animal Charity Evaluation, restricted to be distributed to their current top recommendations on the most effective animal welf8re charities. Regrant- EA Norway- Supporting the activities of Effective Altruism NonNay, a charitable organisation that supports the ¢ffe¢tive altiuism ¢ommunity in Norway. Regrant- Rethink Charity- Regranting to Rethink Charity, a charitable organisation that supports initiatives that build the effective altrLJism community and facilitate donations to effective charities. Regrant- Stiftung fur Effektiven Altruismus (REG Fundl- Regranting to Stiftung lur Effektiven Altruismus, a charitable organisation, restricted to its Raising lor Effective Giving Fund that supports research and policy efforts to prev8nt the Wotst t8chnological risks facing civilisation. Regrant- Charity Entrepreneurship Incubated Charities ICEI- Regranting to a managed fund by a charitable organisation restricted to supporting promising new charities. Regrant- Johns Hopkins Center for Health Security- Regranting to Johns Hopkins CHS, a charitable organisation working to protect from the potential harms of epidemics and disasters. Regrant- M8chine Intelligence Research Institute IMIRII- Regranting lo a charitable organisalion seeking to improve the safety and reliability ol general-purpose Al systems. The Precipicg- A progr8mrne within CEA supporting the promotion and marketing of Toby Ord's book, The Precipice. Long-temi incubator- The Long-term Incubator, since renamed The Longtermist Entiepreneurship Project, supports new projects and org8niz8tions which aim to improve the long-term future. Transfers were made during the financial year to consolidate funds into their appropriate restrictic>ns. Most significantly, existing balances for our regrant-relgted fvnd5 were transferred to EA Funds - Grantmaking. Page 41 Do¢ ID." 755d978b3¢982586e1¢495576fj¢4eb435aa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 21. Analysis Of net assets between funds Analysls of net assets between funds - current year Unrestricted Restricted funds funds 2021 2021 Total funds 2021 Tangible fixed assets Intangible fixed assets Debtors due after more than one year Current assets Creditors due within one year 1,777,211 1,853 1,777,211 1,8S3 1,614,918 1,614,918 8,267,900 13,341,913 21,609,813 11,631,716) {1,631,7161 Total 10,046,964 13,325,115 23,372,079 Analysis of net assets be￿een funds - prior year UnreslrNcted funcls 2020 RestrNcted fU￿￿S 202Q Total funds 2020 Tangible fixed assets Intangible fixed assets Debtors due after more than one year Current assets 174,959 371,143 3,652 3,652 1,397.418 217,500 1.614,918 7,779,550 75.933, 145 77,712,695 (248,394) (600,374) (848, 768) 256,184 Gredilors due within one year Total 3,Q47, 185 75.806,455 18,853,64Q Page 42 Do¢ ID". 755d978b3¢982586e1¢495576fj¢4eb43Saa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 22. Reconciliation of net movement in fund5 to net cash flow from operating activities 2021 2020 N8t incom8 for the y8ar las p81 Stat8ment of Financial Activit18sI 4,518,439 6,936,032 Adjustments for.. Depreciation chargès Amortisation charges Dividends, int8rests and rents from investments Loss on the sale of fixed assets 380,890 1,799 134,0771 161,446 2.254,867 782,948 72,041 1,T99 (35,628) 39, T99 (2, 159,374) 313,596 Decreasellincreasel in debtors Increase in creditors Net cash provided by operating activities 8,066,312 5. 168,265 23. Analy515 of cash and cash equivalents 2021 2020 Cash at bank and in hand 20,771,700 14,619,7t5 Total eash and eash èquivalènts 20.771,700 14,619, T75 24. Analysis of changes in net debt At 1 July 2020 Cash flows At 30 June 2021 Cash at bank and in hand Liquid investments 14.619,715 175,000 6.151,985 20,771,700 175,000 14,794,715 6.151,985 20,946,700 25. Pènsion eommitm•nts The Charity contributes to personal pension plans of ￿rtain employees. At the year end there were outstanding contribLJtions of £16,582 (2020- £7,536). Page 43 Do¢ ID". 755d978b3¢982586e1¢495576fj¢4eb43Saa4b854

CENTRE FOR EFFECTIVE ALTRUISM IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 26. Operating lease commitments At 30 June 2021 the company had commitments to make fijture minimum lease payments under non- canc811able op8iab"ng18as8s as follows.. 2021 2020 Not later Ihan 1 year Later than 1 year and not later than 5 years Later than 5 years 330,927 1,323,707 269,275 783,5t6 1,943,706 1, 128,464 1,923,909 3,855,686 The following lease payments have been recognised as an expense in the Statement of financial activities". 2021 2020 Operating 18a58 r8ntals 330,927 418,770 27. Related party transactions During the year, royalties were eamed totalling £4612020.. £661 on Trustee, Will MaeAskill's book, 'Doing Good B8tter.' How Eff8ctiVg Altruism Can H8lp You Make A DtFf8r8nce" Royalties of £14.428 12020.. £62,536) were also eamed on Trustee, Toby Ord's book 'The Precipice.. Indirect benefits are expected to be received as readers learn more about Effective Altruism, they will be inspired to donate to CEA, or the r8commend8d charities. Al transactlons W8r8 conducted at arrn's18ngth. During the year end 30 June 2021, CEA is closely affiliated with CEA USA, a registered 501lcll31 Exempt Organisation in the US. Through the sharing of staff, during the year CEA UK received donated administration services from CEA USA tot8lling £58,06412020.' £92,284). CEA UK were 8lso in receipt of uncharged access lo services paid lor by CEA USA valued at £47,65412020'. £63,729). Th8r8 were no other r81at8d paty tiansactions. 28. Post balancè sh••t *v•nts The relationship between CEA UK and CEA USA was formalised on 1 July 2021 wth CEA UK becoming the sole member land therefore having a degree of controll of CEA USA. The financial years of the tr￿0 entities have been brought into line. As of next ￿ar consolidated accoLJnts will be p￿Sented. Page 44 Do¢ ID". 755d978b3¢982586e1¢495576fj¢4eb43Saa4b854