COMPANYNUMBER.. 08530711 REGISTERED CHARrrYNUMBER.. 1155064 GLOBAL FEEDBACK LIMITED (Co]npany Limited by Guaran without Share Capits]) REPORT AND FfNANCtAL STATEMENrs FOR THEYEAR ENDED 31 DECEMBER2023
GLOBAL FEEDBACKLIMtTED INDEX TO FfNANCtAL STATBMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Pag¢ No. Chair's StAt¢ment 2. 13 Thtst. Keport(iti¢lllding Dire¢torn' Report) 14. 16 Ind¢pdent Auditor's Report 17 Statement of Fift1 ActTVitie5 [MlUding [nc06 and Exrnditure Account) 18 Balallx Sheet 19 Ststement of Cash Flows 20- 34 Notes to the Finwial StaterneDts This thutneni ¢ompTiS¢S the annual rwrt and financial SlAtemeThts for Global Feedback LimÉtsd for the year enthd 31 De¢emFr 2023. Global Feedback Limited is acompany limitsd by guarnnttt without share c11. Cbarrty number.. 1155064 Comp8ny nuTub¢r.' 08530711
GLOBAL FEEDBACK LIMtrED CHAIR'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 Fecdback ts an envirottmcntal charity with a distiwk natiot41 niche as the onty UK ¢nYironmeTJthI ¢ainpai8oing cbarity focu5 on food 5ySkm issut$. The period ¢overed by the report 15 0C in which we cDnx>lidated our role, te2Tn and re50urriDg and ¢OTrtÉnued to push boundarics in ]inr with our org8ni54tionAI values and ethos. Our work continues to comb¢ a rich ]nix of collaborativ¢ projects, cgJRpaignin& activism and 3wial entewis¢. We active]y seek to rnove through an anti-ra¢ist and onti- oppr¢55ive jouÉA¢y in every aspect of our work Wc cotttinued to produce innovativc And impact1 research. including the Supcrm2rkct Nleat and Climate Scorecard Report 2023 which found that Ertrcnwh is rifc across the UK 5upermarkct sector, a rCrt highlighting thc rolc of UK banks ill financing industrial rnoat dairy corporntion5 and a joini report wilh Action on Sugar which reve3l¢d the barmful itnPa¢ts on publtc hcalth and the envir0Dent of produciD& importin8 and consumJn8 too tnuch sugar in the F¢thack contiou¢d to explore the us¢ of legal tlleaJJs to chaileoge re8ressive gover()mt decÉ5iDns. Wc scored a major 5ucc¢ss itt forcing the governmcnt to reconsider its approach orl fd w&sfr following our proposed judicial review of the gov¢rnmeni'3 deGision to 5cfdP mandatory food waste r¢porting plaJJs. Our judicial review of thc g0verncnt'j failure to eosuTr its Food Strdie8y contributed ty meeting its carbon budgcts he] in the Court of Appeal in th¢ autumn. In this reporting Peri two ncw tSterS joined the Feedback board.. Odin Ighamre who brings valuable experience of youth cotnmunity l¢adership in differtnt countries and Vivian Maduekeb who8e experience of internation d¢velopmca4 food 5ysl¢ms. 8]Db health. and philanthropy will b¢ & major get to our governance. We ld goodbye to two departing trustccs.. Julta Kirby-smith and Rhiannon Sullivan. The board continue5 to mcct quarterly. SUPPDrtcd by two co[Ltil£s which focus on fintneial and operational matters. The hiEb p¢rforniing 5teff team, led by Executive DictOr Carina Mi]]5ton< have wfttinued their 6xcellent alld dediFatcd work to drliver th¢ charity's mission. I would lik¢ to thank 8115taff, parmers, 5UPPOrters and donors who have contrbuted to TrrEdback's work. enabling it to httve th¢ imwi Sel Out thi5 report. We CODtinu¢ to ensuTE thai our ittteTventions are tsrgeted for the great¢5E impacL workujg stratcwcally 8t kry Icverkgc points and illspiring pcople artd p8¢T5 to aGt to britt8 ecologi¢al renewal and food justice. Ruth Chambers Chair of the Feedback Board of Tru5te¢s
TRUSTEES. ANNUAL REPORT UNCLUDING DIREcfoRS' REPORD FOR THE YEAR ENDED 31 DECEMBER 2023 The knstee5 present their arUal report and r]natLcial 5tatrmcnts for Global Feedback Limited (also knowi as Feedback) for the ye8r entsl 31 Dember 2023. The trustees have adopt th¢ provisions of the Staternet of Recommended Pra¢tic¢ {SOBTrI"Accounting Reporting by Charities" (FRS 102) in preparing the a[Ual rew)rt and fioancial statements of the ch2rity. The finaneial statements have been prepared in accordance with the aGG0untll policies set out in notc5 to thc acwunts aud cornply with the Memorandwu and Articles of Au0¢latio the CharitiC5 Act 2011, the Ctsmpanies Act 21x16 and A¢countiDg ll[ RertIng by Charities.. Statement of RrGoThTn¢nd¢4 Pra¢tice applicable to c]wiues preparing their accowjts irl accordance witFtthe Financial Rwrting Standard applicabl¢ in the UK and Rcpublic of Ireland published in October 2019. Obj¢cdws The ¢harity'S objects hrc SP¢CLfiGaJly restri¢te41 to the follown8.' the collservaiion, protection and impmvement of the physical and llaraI envirorjment, for the public ben¢fiL including the protnotiou of bilVerS1ty and sstA1ab]e land use, the advsncement of the education of the public. for the publi¢ trrtefii ill SStainable deVelOpettt th¢ conserv8tioJJ. proteetion and ¢nhancenMt and rehabditatson of th¢ physical and nabjral environlnent, in particular regardiog biodivffjity and 5U5tainable land uye and the promotion of Study and wsearch in such SubJts provid¢d that th¢ us¢fvl results of such smdies Bre disseminatedto the public 8t Jarg the protnotioD of 5UStain&bl¢ development for the bcnefit of the publi¢ by.. (a) the preservatiO4 Conservation and the protection of th¢ ErLviroDment and the prudent usc of nat4wal resour$. Ib) the reli¢f of poverty and the improvem¢n¢ of th¢ life conditions socially economiully disadvanta8 comrllunities. {c) tke promotion of Sinable means of achieving econothic wwth and r¢8¢n¢tation. Sustsinable d¢velopmenr ll)e8ns"d¢v¢lopeTrt which meets the needs of th¢ prc5Cllt witlkout compromising thc ability of futurE gBnEratlOll5 to mcct th¢ir own TL¢eds". Th¢ prevention or relief of poverty in the United Kingdom by providing ts, items 2nd services to tndividual$ in need ldIOr rtLAritiE& oroth¢T organisations wotuw to prevent or relkeve poverty. OwApprnach We are dr1Vll change thTOU8h a unique Campai1 Style g¢wrcd ttswards en8aginE and mobilising citiZell5. ChgIng busine$8es, tr8ttsforming m8rket8 Ind updattng outdated policy and relatOry fra¢Works. We believe the trdnsitiotl to & food systeTll which ptovide5 nutritiou5 fLM)d for all on & fair b&si$ while regeerdling nature, will r¢quitc chan8es to culture. markets and gov¢rnment. To move beyond di5cret¢ initiatives efft¢t systemic chang4 we seek to upsca]e, wpportth¢ (epli¢ation of our work by oth¢rorgaftisations and widely dissemiDate the finding5 of work to btoad alld diverse audietLce5, atLd to anchor and legiti[ our woEk in the dominant wstiwuons and legal fraTDework5. We proud of our ability tts reach people from a]1 walks of lif4 itKluding those for whom ellgagcm¢nt wth work is the first forny into environmental and food 5y5tem activism. We ar¢ suecessfid in our work when we can PLTrint to how we hav¢ mved beyoud a SpLfi¢ project to wider Culttual, ¢conolC or legal change. W¢ arrange our work Ollnd five brood areas of inrv¢mion: We dekEldmJz¢ ¢orporttoni: we do this by ch8llengiDg corporate practice. the CO[8 model and global finatlee. We IdeBte And Advoeate for pollcy ebange Alld regulatloD: we do thJ'5 throu8h researc action rescarth, a¢ademic pHrtsLcf5bip5, 5trat¢gic litigatior4 parliamentary advocacy. We nrTe tommunlty 8geitty.' We th) this thtough edwational progr4Me$. ¢reatiDg ewloyrnent and ¢xp¢rience DpportutLitic4 partiGipatory r¢s¢Cl4 pilotingregiot1 progryJllD)es.
GLOBAL FEEDBACKLIMITED FOR THE YEAR EbtDED 31 DECEMBER 2023 We wlden our circle of ilIies." We do this through ¢onveDillg PBDple and organisation& buildin8 •]liatw coalitio[4 Supporting the work of others throu8h re•tiTh8. Wt ch•g¢ ¢ultlitt 4Dd public dlytowr5e: We do this through 5trategtc media work, playfid Soci medi communications, seeking to model thf world w¢ walltto see ill ourpra¢tice. Chan8eAgenda 4nd4clivirf As the need fpr radi¢aJ transfDrn)ation in the rJd System bccomes mote urgent a[ uDequivoc&]. Feedback's work becomes more n¢ce55ary thaDever. 20?3 an exeellcnt year for Fcedb2ck with sotnE significant progre$$ and victories across all OUT artrds of work. A5 in prevTOUS years. we hav¢ continued to work clD5ely wtth our sister orgatjisation inthe Netherland5. Feedback EU. We have continued to respond to a w'idc rangc of govcrnmeni Gonsultations acr058 our at¢&8 of cxpcrtise and hav¢ conunurd u) enjtsy very impafjtful media coveragB in both g¢neral and uth5ty medi Th¢r¢ have been SIlfICant changes affecting the food SySlCTn 5inG¢ we wrote out clltr¢nt strateEi¢ frornework. for the period trO?0_2025.' the Covid 19 patklemic and its afternmths. the war in Ukraine, corporate greedfl&iion &]d the co$t- of-Iivin8 crisls the post CIiP agricultural Subsidy rogim4 and the dev&8ting impacts of the climat¢ crisis acutely afferting f2miing at hom¢ and abroad. Aecotdingly, dllring 2023. we r¢fre5bed our strategi¢ fr8mework. E¢fore a full r¢view whidj will take place during 2024-2025. alongside a brand refresh. Rt&ffirning our vision of food that is good for people and planeL and reaffirming ow valu¢s• 501idarity, audacity. collaboratLOJI impacL celebration- when w¢ are succeuful.. The rigbt to goDd food wlll b¢ eDatted.. All people will have xcure acc¢ss to deliciou& ¢ulturnlly proPriate food that is nutritiou5 and does ntst cause envirDnmentaI harni Just lupply ch4inJ and agr0elOgY Tyill pr¢vil.. Global supply chain4 farniing and fjshing will contribute to food sovereignty, good liv¢lihoods mitigate climatc cbange and enable ttAturE to thrive Food ¢eollomleJ wijl be f•lr'. CommllnitLC5 will hov¢ agency to creat¢ rd econoleS that inclu51ve, equitsbl¢, resilient and cel¢bratory We have dev¢loped a surle of campaigns and programoJ¢s to achieve these obje¢tivu: Sugor Pollution Our ¢arnpaignto stem $011 d¢pletion and eThYironmental tx)IIution in the UK and i]nprove health by redIng the amount of land devot(xt to SU8ar bL%t cultivation. Anuffmbic thgesltotslbiomethone Our Campai to avoid the use of land tntensive aJLimaJ re4ting and swplu8 food for cner&v generatioll by reforming the policies that shape the atLaerobi¢ digestion industy. De5trMcftve 17quaculf¥ire Our CapaIgll to impTDve tht sustainability of seafood t[oUgh moving ¢on5wnptiDn away frotn fed 4ua¢ulture to unfed gpecic3 and channg feed. with a SP¢¢TfJc focus on ¢arnivorDUS tarnied fi9 c5pecia]Iy 5a]mon. Aqutsfvd¢7nd¥bbaljw¢ice OUT pertllership prog¥8mme wtth Feedb8¢k EU, seeking to reduce the tbTr&t to lives Bnd livelihoods of aquaf¢ed Supply chains in West Africa FOodwl6PrE¥¢ri0 Our Campai to lackle the rwtand sy$*mic causes of food w&8te, ¢5pecially through poli¢y interv¢ntions.
GLOBALFEEDBACK LIMITED TRUSTEES. ANNUAL REPORT IfNCLUDJNG DIREcfoRS' REPORT) {Contillued) FOR THE YEAR ENDED 31 DECEMBER 2023 M8a¢and dotry constsmpfton rduclion Our Camval to drive reduced mcat and dairy Consumption to meet ¢lim8t¢ tsrgetr through poli¢y chan8es and chan8es in food ¢nvitonmeuts and th¢ practices of retsiltr5 Global meat und t14ry ¢OryrI7110Ths Gndtheiyfinanciers Our ¢£mpaigTh aimiDgto delegstitllisc gnd dEfh]nd the i[KItila1 livesto¢k industy alld its fuwKiers. Seed(ng repGraiio Our PTogramrlle of work seeking tt> develop th¢ parthet5bips pnd rommon understanding of a repardtory jU5tLCC ftamework forth¢ hisrIcaL barms cause([ by Brit15h agribusiness. Green Ftilur Our prDgrdtsJm¢ of work creating OPFortsJniti¢s for youftg people ITh thc PTDgr¢5$ive food, fDrniThg and ellvirorfftientat scctor. FoodandRacthlJusiice Our Pro¢ of work to build links EetweeTL ¢tivironmentsl, food and famiing and raeial justice organisations. ghrro Food Our programme of work 5¢¢king the enÈctsnent of the right to food in the UK through itL¢r¢asirt8 e$S to nutritious food among low.income commuTLitie5 Regional FoodEcom?mie5 Ovr prograD]rne of work 5¢¢knng io build stronger commullitie$ around food. growiTl8p processing thtough the developmettt of comnunity ancbored social enterprises P8rf¢VM •ndAchievgments Highlights of 2023 at¢ a5 follows: l. Our Work on aqua¢ttre and aquf¢¢d gtkered sigmlfwant IA tk¢ t5K And Snterllatiollglly In 2023, we ¢ontinu¢d our work hiBM]ghting thE impa¢ts of Scottish sa]mon industy on wsld ftsh and the 81obal injustice presented by aquafwj 5oTjr¢g. Early io the year. we 50U8ht to challenge the UK'S loint Fisheries Stat¢TfLetht because of its failure to put in pla¢¢ m¢aninBful p)licie5 to regulate the Scottish farmed 5a]mon indu5ty. despite its SIZ and impacL WE a150 ¢ngag¢d witb fo(Mi 5ervice5 COmPall1 tD ask them to rcmove Salmon from their menu. F&ilin8 to. g¢t results with our eDgagellkenL we TtLov¢d toward8 the end of thE year tr) a public fa¢ti)g carnpai againrt Wag8ll)am4 which h&8 attracted SigLifi¢ant attention at will continue iuto 2024. Wc coThtinucd our work with Feedback EU and our parth¢rs in West Afric4 ceTLtriDg the experietLC¢ of co0ltieS directly affected by the aquafeed indu5ty. We c61ebratrd Int¢rnational Wom6D's Day with a web*nat Df fisherwomen and women from co&%tsl co]DllLuDities &fft¢ted by th¢ aquaculture itsdustty in SCOt]an Norway aAd West AfriGa sharing their experience. With our ¢oll¢agw in the EU. we drafted attd coordinat¢d a letter to thc UN Special Rapporteur on the Right to Fth)d kn draw his attention kn th¢ food-f¢ed compethtion 8WW3tEd by the pr(xiuctiou of fish and fish oil for expo¢ and our poitLts We quoted in the CotDLnission's policy documents on this topi¢. Ree4)]51n8 that our pather gtoups iti West Africa arc directly Affected by th¢ sOu1n practices of the vast Norwegian salmon indu5ty. wc started backwund reseatth on this tOP5G, in¢ludiDg a field trip to Norway, ttl vi¢w of opening a major ntw ¢ampaignitxg frotrt on Norwegi aquaCulfte in 2024.
GLOB TRUSTEES, ANNUAL REPORT (TNCLUDING DIRECTORS, REPORT) FOR TFtE YEAR ENDED 31 DECEMBER 2023 2. Our WDrk o• the prDteln ¢olltlm•eJ to thApe th¢ db4ts on retalltrs thÈ governmeot'j regptsnsibility ID redutiD¥ Jnt4tt And d•lry eoD¥UmPtloD to m¢¢t 1•1¢ t•rgtts In 2023, w¢ continued aDd fijrther develop<1 our pione]8 work on SUF¢ftngkn. meat Ind dairy. and Scope 3 ernission5. To help ¢larify the muddicd debate about thc Tole of alterDativ¢ proteins (or fo(Ml tech) in the protsin trallsitio w¢ published and lau[ a policy paper outlintn8 k¢y rlittLY4te and fo(h4 sover¢iwy iinplications of this transitiotl. W¢ ramped up our work to exp)se sUpket'S failure to reduce their emissions by reduGiug their llEeat and dairy sa]es. WE directly challenged Te5co and Saitisbury's l¢adeEship At the ¢omp8nies' respective AGMS 8J)d ellgaged with their su%taitbIlty teams aod the teatns of oth¢r UK t¢tailu5. In Jun4 ve published Gteenw&th Gro¢ers. a rcport which drew attention to the greeTrwa8h gimmick5 of retailers- inoluding [k of detail oft 8ny net zero plan and failing to mth the link between tneat ar clillte. With the Competition and Mark¢ts' Authority nevj 'Green Claitlls Code.. we will be keeping an eye on lY 5COPe to challeng¢ rttail¢r greenw&shiD8 in 2024. ID art external evaluation of our worK we wer¢ g[lfied to receive the following feedback from a retsiler: 'IYe helle Feedbtsck ployi important rnle in prt>vldlng trtheal and conslruttlveleÉdback on our wopk, tmd en574ring thse isjw contimie tts be dilcussedbya wid¢group Dfstakehold¢r$, ipKluding ipthisry andgovernrnent,. Ill addition to pursuing voluntary action from retailers, we Ghallrnged the UK govemm¢nt'$ inaction on meat and dairy through a judicial review of the Food Strategy. Unfortun&tely. following many appeals and hearin8$ througlllt 2023. our applic&¢ion to the Supreme Cotfft was IF1w out itl December. raising silfit wider concerns ott wh¢th¢r the UK'S Clitllate Change A¢t is frt for pws¢. We will regroup in 2024 on next Steps with this ¢speGialJy given tht parliaEnt elect[0 al anti¢ipated change in government. Further afiel& working with our EuTOP¢8tt ¢oIlr4gU. external evaiu&tion of our work found that w¢ had illtriuCed impactMI new natrative frameg on the n¢ed, and pathww. to reduce meat atd datry, especially in FratLce and Spill. th¢ NetherJand& fivE $upcrtnarkets committed to a protein tr8nSition dnd one commilted to 5ppI multi buys on rtwtproducts- a major vi¢tory for us 8nd our allies Ollr work on rRelal Sustice the food iertor ¢fyD¢iDueJ to bulld brfdgeg bthyeen 0rgantsath) In the food. envlrowmeDtsI amd justice Jpte4 2023 w&8 & busy year 11 of outseh activities. bringing our,work on racial justi¢e in fo(Ki atml farnjing to diff¢r¢nt 8rcnas. We Bre pmud to have started the year hosting the ylice Hub at the Oxford R¢ai Farniing Corfvenc4 wh¢r¢ we held 5e&8iOnS to discuss r¢par&tory justice for the historical harws caUd by agr]b]neS$. in the year. we hosted 5Cssions at the Land Justice and at the Land SkilL8 fair and at Tippiug PDint's climate reparations 8athtrLll& We worked with partsLef5 KOR[ and the Ann Matth¢w$ Trust in Wales to explore issuc5 of p&rtiCipatiO race aod justi¢¢ the fo(Ml systsu] al fflvironmenr81 movement During Black History we publtshed a series of blogs to bring racial i5sue% of our differrnt ¢atnpaigL5 and pre5 to the fo, inGhIdll blo8s on the Black Panthers aod eomtnunity mea]8. the dispr0rtiQ[Lte impact of poor ait quality on ra¢ialistd wtDmvniti¢s. the ¢olonial IY of the British 5u¥ar lljdusty and the tmpaGts on West African eoasthl ¢ommuniti¢s of 5aImon. &ddition to this extemai facin8 WOTL we continued our work to develop and embed anti-Ist wactice within our orgaATgatioÈ. With the board our tPATn worktng ts>gettFOTr 8Rti.mist lenIng progratry. .
TRUSTEES, AKNUAL PEPORT IfNCLUDfNG DIRECTORS. REPORf) (Continued) FOR THE YEAR ENDED 31 DECEMBER 2023 Ollr work oo food wA$to prÈv¢ntlon led to JDme mA]or vlttorles Aft¢r mbny ycar5 of cJmpai8nitLg on food wastr prevartion. w¢ launched- and won- & legal challenge to the gov¢rnm¢th'$ de¢i8iQU to drop its plan5 to intrtyJur¢ mandatory food w&8te rewrting for big businesses. Thi5 decision followed the goYernment'5 eBrlier consult&tion on thL5 tOPs¢ IA September 2022. Feedback hwj orw]ised respottses to thss CODsultatLOti, 8ll¢l when the government failed to wspond to the consultstion in 2023, taunched a public petitio4 or88nised opu) letters and supported MPS with Early Day Motions. When thr plgns for mandatory reporting were dropped inNovember, we fl for a judicial review of th¢ dcci5ion. Whik the g0vem[Lt initially said it would contest thi5 ¥laitrL, Lt ¢v¢nI1]y dropped th¢ we th¢ Secr¢tary of State for DEFRA said hc would rwpen decision. We were thrilled to b¢ shortlisted and n1[er-upS for an SMK Award in th¢ Br5t of Law category for this case. Our colleaglles in the EU secured a m&jor victory in DecemFr 2023 wlwi a nooted U[Uty high biom¢thgne tsrget w& 4Jropped by the EU. followiDg ¢xten5ive re8earc& Organis and advocaGy with policy makers. The target would have created disinc¢ntiv¢s for prEv¢ntsOn. Our work on led eJt•b]ished the lillkJ bel¢ ovÈrpr0dct&oll d overeottmmpdo Itt 2023, we sought to estsblish the li]Jks itheen the UK'S tt8t Sugar beet industy and th¢ nation's oY¢r¢onsumption of sugar 8mongst busitLC55 a[ policy m8kers. Early in tbe year, our SuBar Rush report fouttd tbat 9 out of 10 retsilers .19A to T¢Ur¢ set tst8ets for reduction i ttstAi volum¢s of sugar sold. This report received natiotwl media rov¢rage alld to a spOnse from thc British Retail Later in th¢ y, our Sugar PollutioTL rEpork targ¢*d at poli¢y m&k¢rs. wos launched at a parli[l¢ntdry ¢v¢nL The rem written with Action orl Sugar. thowed that the UK grows a[ ttnport5 mor¢ thart two and half tieS the populations, maximum re[rnded intak¢ of sugar. W¢ are proud tbat our Sugar Pollution fratrLtti8 W& subsequently athpted by otbets parliamentsry events. OTlork on the rlght to food and bulldlnK rulllellt commllnlrfu went from Jtrellgth to Itrethgth We had 3igDificant activity in our regional hllbs of LiveryA)ol, Sussex. Buckillgbamsbirs and Haringty during 2023. to increase access to good food and enactthe right to foo( w¢ll &8 tD incr¢a5¢ parti¢iP8tion ill regional food economie& 2023 saw the fjrst YE of serviGc of our Quc¢n of Greetk% bus, launched in November 2022. The Quecn of Gre is a social enterprise mobile greenwcer which we run in p8rMership with Alchemic Kitchen CIC And Feeding Liverpool. It stops at cotDmunity bubB ID Liv¢rpool, bringing affordable fresh produce. The 5crYiGe was developed in response to growing levels of food iTt5ecvtity and to improve aGce85 to fresh. nutritious fty)d. The Qlle Df Green8 beenq suece4 with 16.9(Kl stops during the period April 2023-Mar¢h 2024 across 23 $tDPS in the Livetpool City R¢gion. N¢acty all the ¢ustomers slid that thè Qu&n of Gttens improval their &¢ces8 to freth fruit. 0E CU5toTtiEf said. 'The tsf Gree mÉant myfumily tan ty lf&Od tkn¢ we wotddn'i rtormully eat. I lite thefaG¢ t174t we ttow access rofvhfvltandveg thotls offordabl¢. The ts agreot way to brujg thecomTMunity lother.. tu Buckinglw15biI<. our Green Future5 projcct exwd 400 young people tts tbe wibility of 8rcen cateeTS Ln th¢ fothl and forn1iDg sector, through participatioll in Garccrn faits and ¢r¢4tion of 14 work exwience pla¢em¢rtis. Of these. 90VA went iDto Sllther pd job oppOnities.
GLOBAL FEEDBACKLIWTED TRUSTEES, ANtrIUAL REPORT IfNCLUDtNG DIRECTORS, REPORT) (Continued FOR THE YEAR ENDED 31 DECEMBER 2023 Our team in Su55ex servrd weekly ¢ommuDity lun¢hes to th¢ community and contlAues to operate a community fridge out of thc Bristol Estate Community Room. In addition to these la2ge project% our ttams dclivergl a wid¢ rdnge of workshop& octivities prorne5 r¢latrd to the right to food, growing and foDd waste prevention. Thesc included workujg with s¢hool children on eomposting projeEts, running bathtub l01]nents, running apple day event4 runnin8 workshops on Cooking with slow cooke. working on ailotrnent growiDg projects 8nd many othe 7. Our work to d¢fund. delegitlmlge ultkniat¢ty lhrlnk the lfvegtk Indiigtry to gth•r and h#5 firmty egtabltsh¢d VeStoCk w att issue Orn¢trn lor its fmanelers During 2023 we continued to build and Expand our work to d¢fLULd. divest and dele8itimis¢ the1sYesto¢k induBty. Regarduig commer¢iAI banks. we tsrgetcd Rabobank with our EU collea8lles, HSBC and Barclay4 including asking questio]]s at AGMS and publishing a rcport on Bar¢lay'5 finan¢ing of meat giant JBS. With thc Drop JBS c0alltits we fourld that Bar¢l&ys provided $6.7 billion in fJJwLCt to JBS ènd its subsidi8ries between 2015 and 2022. In response to our ¢aInpa1) 8nd the work of our alli Barclays pub12shed its [St ever'E¢ef p)licy'. strengtherJin8 its deforc5tation rules. We continued to work with many partnets to Strengthen the deftjnd livestock movemcnL includin8 laking part in the trtt¢rnationa] Bank Campaigners Gatheritlg. laull¢hing the Big Liveslock's Big Greenwash tool, and leading on the communicalions And digitsl prescnce Of the Stop FitWiCiD8 Factory Farnifftg coalition, of which we are founding membets. In tand¢ to our Work targeting meat ¢orporations, we 8lso ]aunchcd the first of its kind legal chall¢ngE to th¢ impl¢tnentstion legislation of the UK-Australia Free Trdde AwemenL This ca5c will b¢ heard in 2024. P#blicBtnef Th¢ tru5tt¢s confitTr that tw have complicd with the duty in sectiott l7 of the Ch&rttiegAct 2011 to IEave due regard to the cltte5 CoTnmission's general widance on publi¢ beneflt. As per our charitable obj¢cts, we delivering public bettefjt prirnArily through the dEliYery of environmeniai beEJefits. including preventing deforeststion, land COTF5¢rvation Ènd sparing. ¢¢hOuSe gas Tnitigation. efficiellt use of r¢sourc¢5 and biodiversity c¢)]tservatiort in the UK and overse05 that can be broughi about through lood wastE prevention. chongt5 to diets in the UK and the EU and better UrC]ng practlC¢5 (and other high-in¢ome, industrialised countrtes to which campaigns are relevant). Success in thiy Dbj¢¢t L5 largely measured through infiu¢n¢e policy ch8n8e and changes irt business practice. Wc acc fiet d¢iLverin8 public bencfit through irnPToving the live5 of low-incornc and marginalised gtoups. We •Je doing tills through pmviding better nutrition for those suff¢ring from food it¢rity, thTtsuglL different initiatives, $u¢ as low-cost KkIng workshops, school holiday relief s¢heme5 and bringing fresh produce to foDd deserts. W¢ rthemxtsre doing 50 through our media and policy work to support a¢¢e55 to nutritious fcKid. We arc filrther promoting participation in publtc life, includimg creating pathways to eTnploymenL for diver8e and disadvantsged groups. espccially voung petrple. thEreby promotittg w¢llFKing. oppornjnity and community ¢ohEsion. W2 are al80 pr(>motiog public Education on good food through workshops, digital conient medi Furtbernore, we are helping to bring aknut SU5tainabl¢ d¢velopm¢nt through our pilot projects in the North West and in the South EasL whi¢h aim to bring abDUt a food economy that benefits lo¢ai ¢ommunitieJ, serves local ittstitutions and pmte¢ts the envirollment.
GLOBALFEEDBACK LtMITED TRUSTEES, ANNUAL REPORT (fNCLUDING DIKEcfoRS' REPORT) (Continued) FOR THE YEAR ENDED 31 DECEMBER 2023 FcedbaGk i$ committed to fijndraising best practice. We follow tht Funtha55ing Regulator's Code of Funthaising includirlg th¢ fjenerai Data Proiection RegulatlOD5, intrOdud in May 2018. Our $tsff maintsill acon8iderate, uniJrtNsive approach to fundTisiog and do not uttdertake cold.¢811in8 or eroploy third partie5 to raise fimds. Feedback enjoys a v¢ry good relationship with its $UPPOrter5 8nd fillthrs and ¢omplaints have beert receiv. All funth&ising a¢tivity is reviewed quart¢rly by the Audit Cotnmittee. Fine141AcVle In th¢ cornparati yeox. in order to aligts with the calendar year. our accounting period end wos ¢Ingc to end on 31 Dr¢¢mber. TherEforc, thr wmparativ¢ figu$ in these financial 5tatemeDts cover an exwndcd prriod of 14 motLths, from l November 2021 to 31 Dt¢¢mber 2022. Income rfndLrpéfvdlture Incorne during the P¢Tiod w&8 £1.737.330 Gompsred to £1.753,070 in the previo% period (14 month51. This small incr¢a8¢ in incorne ill Trvhatwas a shorter accounting period marks anDther StrongY in of fiJndiDg. Project-rel&ted tricted income was £1,568.729 coTtLpaffii to £1.597,762 for the preccdin8 14-rnonth perirpA. and unrestricted incomr was £168.601. compared to £155.308 in the previous period. Expenditur¢ during the year w8s £1.766.553 copred to £1.624,258 irt the previous p0d. PrDject-reiated restri¢t expenditur¢ for th¢ year was £1.693.904, au incrcase of £278,01 l ovei £1,415,893 ill the Previo y¢ar. Project-related ¢tstri¢ted expenditure irt the year includes payments ainountulg 10 £550.796 10 parther otganisation8 e]Mbling us to inaew our project expertiS¢ 8nd capability, aDd therefore Dur overall impact Paymcnts to partners in the previous period w¢t¢ £486.855. Unre51tiGtcd extnditurc the yw was £72.649. and in 8dditioll, transfers amounting to £39.938 wer¢ rnade from UtJrestri¢red reserves to s•rt projects. In tho previou5 wiod. Unrestricted txp¢nditur¢ W&8 £208365 and ther¢ w•s artransfer from projects into w]restricted rcscrv¢s of £5.833. As a re5uIL w¢ report a deficit ftsr th¢ year of £29223. This overaLI (kfi¢it can be brokett down to a deficit of 85.237 of Project-reiated re5trictrd in¢onJe over eXndIAre durlllg th¢ period. and 8 5urplu$ of £56,014 in Unre5triGd fundillg. TDtrJ reserves at 3l December 2023 totalled £394.289 (2D22.. £423.512) comprL5¢d £253,482 of project-relat restrided res¢rves {2022.' £338,719) a[ £140,807 of Unrestricted reserves (2022.. £84.7931. The level of Unrestricted re5Erv¢s was line with ourR¢s¢rves Policy (5Ee below) at the yw end. Staff costs remAin our Largest gr¢a of expendibjtt The tr)ts1 costs for this period were £812,971 an in¢rease of £7,319 (l•/ol over tht ¢ompatative figurr fot the preceding 14 month perityj. Res¢rve$ Poli Feedb8ck's re5erY&8 p)IiGy adopted llL2023 is a8 follows: "We maintain Rese8 to safe8uard contitwity of opetalion5 if incOll Streams ate tcmptirarily I0r than expectoj and to ensu, as far &8 PO85iblE, s¢¢urity of employtttent for stBff between prOJts. The Reserves ensure that we are able to meet all of OUT fanCIal cosJJmittnents at all titnes. We will D)ainrain Ullr¢striCted re8erv¢$ in a rdtLg¢ of tween £iOO,OQO to £215,000, with re8erv¢s pe8kllJg at arouDd £215.000 on rtteipt of funds from our tnain fimdei, and tbosc r¢scrves then reduciD8 down uver the course of thc year to around £IOO,000 by the time of the next fijndmg. Thi5 polity will eDSW¢ that have ai le&%t 6 lljonths, cover of Ujjrestricted costs at all tijnrs 91 so protttts the fillallcial sktus of the or8ani5atiOD." UDtestricted reserve5 at.the 31 DecttDkn 2023 and at thc date of the sigDitig of the8e a¢Ullts are within the rang¢ 5Ct out in the revised Policy.
GLOBAL FEEDBACK LtMI TRUSTEES, AJAL REPORT (INCLUDtNG DtRECTORS' REPORT) {Continu¢d) FOR THE YEAR ENDBD 31 DECEMBER 2023 G•lng Concern At the 31 De¢ETnber 2023 our bpJJk balallces totslled £547J98. Thanks to the SIPOrt of OUT fimdets thc impactfvl wtsrk don¢ by our tea along with our Strong fManc1 plamLiDg and managemenl w¢ ar¢ collfident we will conthnue 48 & 80ti)g e4)ncern for the 12 mootFkS following the date of this report and beyond. PFh¢iJ4wlFwidkng S•4p¢eJ FVZdbk is gratefuL for the support of a nwnber of individuals, trysts. fowidations. tArtsi¢r NGOS and internatio organi5ations. Th¢ institutional fund¢rs of Feedback in 2023 w¢re'. Berkshi Bucknngbamshire & Oxford5hire Wildlife Tn Brighton & HDve Speak Out Brighton Hove City Councit Brighton Hove Food P8rtn¢rship Brighton Peopl¢'$ Ttlcatre Brighton Youth Centre Bristol Estatr Lcaseholders And TeTWLts A8sociation (BELTA) Buckinghamthire Covnty Council C]Jariti¢5 Aid Foulldltion Chwing Id¢as Ecotricity Gtoup Limited Enjool&t&FouDdation UK Ennismor¢ Foundation Esmce Fairbairn FoT]ndation Feedipg Live01 Friends of the Earth Friends Pmvident FoutMl&fion AnonYllU$ Herwin- F]avowproject Iu5titute for Governan¢e Su5tainabl¢ D¢vclot&ment JOI Swite Charitable Trust Joseph ROytree etltable Trust Kheper& CIC Landworkers Alliattce Lankelly Ch Law for Change CIC LIYY Housing Grow) M¢tseyside Rwclitig and Wb5tc Authority (MKWA) Mir)or Foutldation for Major Ch2lleD8es MoTKroft5 Oak Foundation lio¢kef¢ller PhiiaDthropy Adwsors Stiehting EwoFwi Climate Foundation Sustain The Big Give Tn Ltd ThE BTightheEm Centr¢ The Ernest KI¢uLWOrt Charitable TrLL8t The Evarl Comish Foulldation
TRUSTEES, ANNUAL REPORT (INCLtIDING DtRECTORS' REPORT) (Continued) FOR TTr YEAR ENDED 3I DECEMBER 2023 The Orcbard Project The Rothscbiid Foundatio The Sussex Cotllmunity Foundation TtL¢ Trust for D¢vrloping Commw]iti¢s Th¢ WaterloD Foundation To&8t Ale University of Live00[ Stichting Fe&lba¢k EU StrKiwe. GOVern4n GoverniRzDocMmen¢ Feedk i5 a Charitsble company limited by wjarantee. regist¢d iTh Englad and Wa1¢5 {rlL4rity number 1155064. company number 8530711) aT gov¢rned by a Memorandum of A550Giation dated 25 April 2013, ArtTcles of Association with amendmmt dated 9 December 2013. Noo¢ of the tn]str25 has any belleficial interest in the compllny. All th¢ trustees are members of th¢ ¢ompany and guarairtee to contribut¢ £5 in the eveAt of 8windiA8 UP. The Board comprised six Trustees at ths begiTmitLg and eight Tn$ at the ¢nd of th¢ periDd and met four time5 dLring the period to ensure good governance and to obtsin assuran¢¢ over all major i5su¢$ affectiog the rthornan and futur¢ d¢v¢lopTnent$ of GlobB] FBedback Limited. One TTrtee resid during thc yw MI three new Injstees were appointed to extcnd the rnngE of txp¢ri¢rt¢¢ of tht Board. One trustee bas Te8iyJ since the year end. The Audit Com]nittee. now comprised of three Tru5ke5. tneets quarterly to revicw rjnanci perforrnance and fllwicl risk tnthag¢m¢nt ood makes retomtnendations on ruw]81 mattErs the Board. ThB OprratioJJs CDrttmittee. comprisiug a mini]nwn of two Tnre¢s, again meets quarterly to r¢Yicw operational mattcT5 a1 m8ke$ recolllluendatioL8 to the Board. RterultsntNt4nÈfAppointhien¢of TrxvtseJ New tDLStees are recruited to me¢t the ski115 Bnd ExpeTiences required by the Ghlty. Advertisements are placed on our website and with televant or8anisations in order to tttrart a wide variety of 8uifAbk applicants. New Im]strts ar¢ elected by th¢ initialty for a thr¢¢-y¢ar t¢rn), which can be extended for a firther tern. TrwleulndMc¢ioft Tr•ininz Prospective Trustees are 5erLt an infotmats'ott pack aiM)ut FeedbL New TtUs*e indu¢tion urdertaken by the Chair, oth¢r Bwd memb¢rs atMI the Executive Director. Tru5t¢¢s encouraged to r¢sourtes provided by the Charity Commi&sion and to nctwork InternlY ffjd ext¢rDally to mairtsin and d¢v¢lopthetr knowledge and Trustc¢ skills. Feedbaek'$ Senior rnana8emeDt team consist of three diTCCtors (Dirxtor of Pr0M¢s. Food Justice.. thd rwo Duectors of Carnpa5gns #Jld a Dir¢¢wr of Fio8ttce and OperatioLs). who All report directly to th¢ Ex¢¢utive Director. who in turn rep)rt8 to the Board of Trusttt5. Th¢ tram Gomprises experienced staff with a range of skiiJ4 cov¢ring the programmati¢ alld owmwial demands of Fe&Jback's operation5. io
GLOBAL FEEDBACKLIMrrED TRUSTBES, AWNUAL REPORT GNCLUDING DIRECTORS, REPORD (Cortitwed) FOR THE YEAR ENDED 3 1 DECEMBER 2023 Feedback offers Competitive Sarl¢S ID attract Qnd fetsin Strong teAm tnembets. within the constraints of being a mid- sized charitable organis&ion. We maintain a fait 8nd transparent pay struGture using salary bands that show thtr inimum and mLYimutn that an employcc perfonning x certaitt job at Feedback norn)2]ly ¢ams. Salary bands arc nOnnlY reviewed by the StTuor Weent Team an llUa1 b3si5. The remunerdtion of th¢ ExecuiivE Dir¢ctor is Èpproved by the BETr? and the rrtnun¥ration of other staff 18 approved by the &xecutive Di¢[0[. The ThIseS reEuiarly review the ri8k Tegisler. comprising the potential operat10&1. 8traiegi¢ and fJnaTLciat risks tl]gt thL rh3tity tntty tace 2nd coJ)fTh that Ih¢y have estsb118hed $y5tEnis to minitlli5c such risks. shou]d they materilse. PIAll5, budg¢ts and $trale8ie5 are r¢viewed and.approved on at least bls. We hllve a comprEhensivB risk registCT lo identify, ttLiugate. and matw risk5. which L5 reviwed and updad quartrrly by c¥ur %¢nior ILad¢rship tearn aDd board. Th¢ top foyr risks we have currclltly identified, and our appmach to niitigating those ri5k%. arc as follows.. Board r¢pTes¢ntation: We bad identificd our bD2rd'falling bthind. the tcam io tenns of th¢ atippreSSIve joume>' the 0r&ani52ti0 i8 4)n, and its lack of diveT5ity in terms of lived experient¢ of OPPTE5sion as SI]1r1ranI risk5 to th¢ tsTganisation l&%t year. W¢ arb proud that we have mitigated tIS risk through 2 fv11 team attd board anti-racist training programm¢ this vear. NonLthelc5& our boatd not being repreSentive of our kty bcneficiarie5 4]n5 an Dngoillg risk to be mallag¢d ttOUgh futu r¢cruitslleot and other ways 10 bring diffwent voices to organi$ation. Income gcneration: Our fftain risk is r'Jilure to 5¢cur¢ thi5 unrestricted fun(tin& which would leave with a 5ibmificant thortfa]l of fllnd5 in ¢or¢ suppprL lekding 10 signifjcani org3ni5ational rest¢tring. WE alayS $cck to divcTsify' our fund5. Secure unre8tricted funding frDm donations, charge organisational Dvcrheads from projErt fillr$, aDd operdEe a fijll c05t recovery basi5 as muLh as possibl¢. Failurp io se¢urE progratnmatiL funding a5 planned 15 also a risk.. we are mitigating thi5 through qualtty. dLliv¢ry of existillg progrnrnrllc% and developing stron& IoDg-t¢rm relationships with donoTS. Morwver, we are Creasing[Y seekin8 fvnditi8 IOT prograe$ from our fjjnders. rather than fimdtllg for spccifLC projcct8. Smff heality wcllbeiog, absences.. HEalth 4t weUb¢ing issue5. linked to Covsd, post-viral &yrdrome. seasona] illnesses and the cost-of-lsving crisis, leading to exiendEd abscnces, TS one of our key risk5. We arc mitigating risks linked to illness through hybrid working and geneEQUS Sick P2y well a5 having put in plaee bu$llsess continuity plan5. Affiliated org8nisatiDns, allianeEs. 2nd partneT5hips.. As an OTganis2tiOll. W¢ 8Te be£oTning irtcr¢a5ingly ¢ornplex. wÉth several affilialcd OTganisations'. our 5isier OTq2nisation in the Netherlands. and several emerging CICS for ourprojects i the rcgioo5. Moreover. we deliver Dur attivitics in partnership with othct civEI society groups or c0MIlty group5. somc overs¢a5. Some in the UL some incorpDTated. other5 OrMal. These collabordtions and local SPiD-05 ate th tore of trur work bui prcsent some legal risks. and risks accountrbiliry, fundraising. aDd ¢ffcctiv¢ne5s. We are managing these risks through devcloping tigbl Mous atyl wntwts with parther (Frganisation5. li
GLOBAL FEEDBAcKLIlTED TRUSTEES, ANNUAL REPORT IfNCLUDfNG DIREcfoRS' REPORT) (Continued) FOR THE YEAR ENDED 31 DECEMBER 2023 Charity nw: Global Feedback Limited{known 85"Feedback chSty registration number.. II5S064 Company regi5trdtion nutnbcr.. Re8isteted and prU1paI office: 08530711 Office518 Unit 10 The High Cross C¢ntre FountayTte Rtsad L4)ndoo NLS 4BE DlrÉdoTh Trntrees The Board of TnteeS constitutss directors of the comwy for the pUose of compony and trustee5 for the purposc of charity law. The tmstees scrviDg during the y&qT and sin¢e th¢ year end were as follows.. Ruth ChattLber5 Satah Morri50 Julio Breamach Bthiatthw Sullivan Darren Hughes Sophie TusorL Matthew Gould Chair Trwurer resigned 2 January 2024 r¢sigRed 2 May 2023 apwTritthd 2 February 2023 appDinted 3 Au&t 2023 appointrd 26 (htober 21r23 Edith Odiriv¢r¢r¢ 1gham-Aell No ttustee relVed any reMunatiOn for trus¢e¢s' seNc¢5 duting the year Q022 - Nil). nor did they hove aTLy bcn¢ficiai interesL any ¢ontract with tbe charity. Executive DI[tOr.. c1rimi]lstolle Statstory AuditOTS'. Barcant Beardon Limited Chart¢red Accoulltants 8 Bla¢kstock Mcws 151ington Lottdon N4 2BT Metro Bw)k plc I Southampton Row London WCIB SHA Triod05 BankNV D¢8nery Road Bristol BSI SAS The coertiVe Bank pl POBOX 101 l Balloon Street Manchestcr M60 4EP 12
TRUSTEES, ANNUAL REPORT (fNCLUDING DIRECTORS, REPORT) (Continued) FOR THE YEAR EbtDED 3 1 DECEMBER 2023 semnI ofthe Trust¢e$'Respon¥ibilil The trustees (who are a]so directors of Global Feedba¢k LimitBd for the purposes of cotnpany law) ar¢ respons1 le for preparing the Report of the TnJ8tees And the fiDart¢iai statrments in accordartce with appli¢able law and United Kin8dom A¢¢ountillg Statldards (Unit¢d KingdoTn Generalty Accept&l AoUnting Practice). Company law requires tbe trUstS to prepare finatt¢ial sratetnents for each fllJaD¢ial p¢riod which wvr a true and fair view of the State of affairs of thc charitsble cotnpany at the balallce sheet date and of the incotning re50ur¢es and applicatlOA of re8ources. including in¢om¢ and cxpcnditure Df the tharitablc co]npany for the fjnancial period. preping those financial 8tatem¢nts, the trustee5 are rquirtd w.. 8¢lect suitable accounting policies and then apply thEtn coT15istrntly' Observ¢ the mcthods and principles th¢ Charitie5 SORP 2019 (FRS I021. Make jtsdgements and e8timate$ thatar¢ reasonable and prndenl. Statr whether applicable UK Ac¢4untitLg Standards have Eetn followed, subject to any material departurc5 diselosed and explained in th¢ fitWLcial statemen(. 2rtd Prepare the r]nancial staiemcnts otl the goin8 con¢em ba515 ullleJs It i5 inappropriate t(p pr¢sum¢ that the chatitable CoMpY will continue in operation. The trustee$ r¢snSible for keeping Adequate aceounting records which dis¢los¢ with reasonable accurdcy at any time the fmancial position of the charitabk ¢omp4ny and enable them to eosllre that th¢ financial statements comply with the Comp3llif5 Act 2006. They art also responsible for safeguthing th¢ &ssets of the cbarit&ble comp8Ay hence for tsking reasonable 5tcps for the prevention md detection Of fraud ¢)ttL¢r irregularitie& In so far &% tbe trwte¢s are aware.. th¢re is no relevant tudit infornatlOD of wlCh th¢ ¢bAritable ¢OUkpany'5 wditor is un8wor¢: and the have takcn ail steps that th¢y ought to have taken to make th¢ms¢lvps awarB of any televallt •udit infoTllMtion and to es¢ablish thttt the auditor is Aware ofthat f0Mti1). This report has been prepared in a¢¢ordallce with the specio1 provisions r¢Ilg to small comwi¢s within Part 15 of the Companies Act 2006. On F*half of th¢ b)ar (LOI Ruth Chabets Dire¢tor and Tn]5tee Morrison r ond T51¢¢ 13
TO THE MEMBEL8 OF GLOBAL FEEDBACK LIMtTED inion We have audited the flljanciai statements of Gloliai Feedback Lunited for the yeat ejthd 3l December 2023 which comprise the Ststemeni of FitWLciai Activitiu, the Balance Sheet and notes to the finan¢iai statements, includin8 siLficall1 8¢¢ountiDg polÉGI¢s. Th¢ finaDGiaJ r¢p)rting frgm¢work that h&$ been applied in their pr¢paTrtiOTL is applicable law and United Kin8doJn Accounttng Standards iDcluding Financial R¢portsDg 102 The Financiol Reporting Standard applict¥ble in the UK and ReFublK of Ireljnd Iunited Km8dom Generally Accq)ted Ae¢ouTLting Ptactice). tn our opimion th¢ fMan¢1 5t8temcttts.' give & frue and fair view of the gtste of the charitable cotnrany'B affairs A5 wt 31 D¢¢¢D)b¢r 2023 and of its ineotrii08 resoutEe5 and wplication oliE50urcc4 itjcludins its income and e4xnditure. for thc period then end1. have b¢En properly prepared aCcordce with UDited Kingdoin GMer&lly Accepted AccountiDg PraGticc,' and have been properly prepared in a¢Cord¢ with the requirement of the Co[Pal¢S A¢t 2006, Bo8isfvr•plvlo We conducted our audit accordatLce with InternationaI Standard5 oll Alldit (UK) OSAS (UK)) and applicable law. Our responsibilities under those stattdards are bjrther described in the Auditor'5 T¢5pon5ibilitie$ for the di1 of the finAncial ststements section of ow repKpfL We Are indeF£ndent of the eh8ritAble company iTh accordanc¢ with ¢thir41 rquirem¢nts tbat are relevant tD our audit of tbe r]nan¢ial stht¢ments in th¢ iticluding the FRC'5 Ethical Standard, and we havc fijlfillcd our other ethicaj re5ponsibilitics in accordanGc with th¢s¢ requirements. We believe thatthe audit evidence we bave obtsined ts sufficient and appropriate to provide ab¥3is for our opillion. r¢lotsng logo¥ng concern In auditing ttLe finl¢la] stat¢mctLty we have conBludryJ that the trustees, us¢ of the goin8 concern basi5 of accounting in the prepar&tion of the fjnallcial statements 15 appropriate. Based th¢ work we hav¢ kKrforme41 we h•v¢ not id¢ntifd ally outer1 uncettainties relating to ¢nts or rJJllditions that, It1VIdUallY or coucctivtly. cast siglliflcarit doubt on thc cbarilable comp8ny'$ ability to continue as a going concem for aperiod of at lea8ttwelve months ftom when the fCIal statemeTrts arr authoTi5¢d for iswe. Our T¢5pollsLbilits¢5 and the re5ponsibilitics of the t with to going concern are descnl)ed in the relevant 5tiOnS ofthis rcrK>rt. Other irforwwlio other information comprises the Inforntii>n included in th¢ lThste¢s' sJ]nud repo¢ other tban tbe financial ststem¢Ats and our audit(pf s report th¢rts)n. The ¢tust¢¢s ar¢ responsible for tbe other infornation Contai]l within the 8nnuAI reporL Our opinion on the financi statements doe5 not ¢oY¢r the oth¢r information and except to the ¢thnt otherwi8e explicitly ststed in our repo¢ we dD Itot express any fotm of assurvnco ¢on¢lusion thereon. responsibility is to r1 th¢ other iDfortoation atLQ in doiD8 so, CQ]]5idEr whether the other infonn&tion is rnat¢Tially inconsistent Wkth the financial ststements or our knowledge obtained in the course Of the audit or otherwise appear5 to b¢ mat¢rially 15stats If we identify such tr[la1 Ill515t¢GlrS Dr apparent material Minent% requir¢d to detetmine whetherthi8 gives rise to a tDaterial misstatetllent irl the firn¢la1 5tatrtDents th¢m%1v. 1£ bd on the work w¢ h&v6 p¢rfc>rm¢d, w¢ ¢OD¢lud¢ that ther¢ is a mat¢rial misstatement of this other 1nfornati¢) we Are r¢quired to We have nothing to report in this regard. Opknlon on oth¢rmal¢erspreserib8dbythe CoNuMNiesAct 21K16 In our opinion, based on the work u]kn in the course of the wdat.. the iDformation giyen in the tn]stee5' report (incorporating th¢ dire4ton' rewrt) for the financial period for which the fillancial statetllents are prepar1 is consistent with the fJnanci21 st8temcnts" and the d]rfr, rpport h*$ been pr¢parnJ LD awordaTLce with wpli¢abl¢ l¢84t rquirenkents. 14
INDEPENDENf AUDITOR'S REPORT
TO THE MEMBERS OF
GLOBAL FEEDBACK LIMITED
Motters wh¥¢h we rtportby aceplioh
ID the light of our knowl¢dg¢ and undersranding of the Charitsble company aTLd its environment obtained in the routse
of the audi¢ we have not identified m&t¢TiaJ miBsratements in the direciors, report.
We have nothing to rcport rEspect of the following matt¢rs in relation tr) whi¢h the Comp8nies Act 2006 requires us
to report to ytsu if. in our opinion..
adequate accounting records have not been ke or returns &leqwa for oyr audii hav not been rxeived from
branches not visited by us: or
the financial 5taknents art not in agreement with the X¢OUnting rccords attd r¢turns" or
certain disclosures of trustees, remuneration specified by law &re not owde" or
we have not received all the infoTnMtion and explanations we requir¢ forour wJdi¢' or
thr trustees were not erttitl¢d to prepare the financial statements in accordwe with thE small compaoies, regime
8d take 4dv8nt8ge of the small ¢ompanies' ¢x¢mptions in PTeparitLg the dir, report al from the rwuirem¢nt
to prepare a strategic rewprL
ResponvlbiliÉiu oftruste
exp]aiA¢d more fully in th¢ tr, respon8ibilities statement set ollt on page 13. the tnJsi¢es {who are atso the
directo[5 of the ch2rit4bl¢ company for the puTp05¢5 of company law) Ere resrxnsible for the preparation of the
financial 5tatementy and for b¢iag satisfied that they give a tsu¢ and fair view. and for such intern21 corttrol 18 the
trustees deteTmine is necessary to enable the prep8ration of fjnanciai stat¢ments tbat are free frotn matsrial
rniqst&tem¢nL whcther due to fraud or error.
In prcparing thE Fuwjcial stst¢m¢nts. the tnJst¢¢s ate responsibl¢ for yessIttS thc charitable cotllPony'$ ability to
cotrtitwe a8 a gosng concen4 disclosi as applicable, matt¢T5 lated to going concern and using th¢ goin8 concern
b&%is Trf &cwunting unle55 the tn]stees eithcr intend to liquidate the cljatitable comp8ny or to cease operations, or have
no r¢aiistic alterDativ¢ butto do w.
Athdl¢pr's reSpwlbili<1vl0r the ¢Mdil oftherul1¢I$/nleÈtsts
Our objcctiv¢s are tD obtsin re&8onable Ur82)CE about whether the statements &8 a whole 2r¢ free fro
rnatcrial missw¢llLent. whether due to fraud or error, and to issue an auditor'5 report that tn¢ludes our opiniorL
R24sonabl¢ assurdnce ts & high level of assurance, r5 not a guarant¢¢ that an audit ¢onducted in accordanc¢ with
ISA5 (UK} will always detect a nmterial misststETneDt when it ¢xist8. Misstsi¢ments can arise from fraud or ermr and
are collsi(f¢r material if, individua]ly or ID the Bg8rcga. they ¢ould rellablY b¢ exF<¢led to Influ¢¢ the
otwmic d¢cisions of users takett on the b&8ts of th¢5e financia] state]nents.
trreEularitic8. including fraud. are Instances of noz]
TO TKE MEMBERS OF GLOBAL FEEDBACK LIMITED We assessed the susceptibility of the charitable comp?y'S fJiJauciaL 5tatetnents to rnateriY41 mi55tstem¢nL iludIng obtaining unthrstanding of how fraud night occur by.. rnakiDg enquiries of mBnAgement AS to wb¢re they uJosid¢red there was suseeptibility to fr2u¢ their knowledge of actual, su8pected atMI alleged fraud.. and con5idermg the internal controls in place kn mitigats risk5 of fraud and tton<omp]iance with ]aws atsd re8uI8tioDs. To address the risk of fraud throu1 mana8¢m¢nt bias OV¢Tride of contro15, .. performed analytical procedures to identify any unusual or UnexpeCtA relationships: t¢5tcd journal entries to iderrtify u[Mual transactions; sessed whether judgem¢nts assumptiOll5 mwje in detcrnining thc accounting e5timatC5 We indiGative of potcntial bias. and itLV6Stigated the rationale tehilld SIlfi¢¥nIOr wiusua] trallsa¢tions. In response to th¢ risk of irregulTEl alld tton-compliance with laws 8LuI regulations. we d¢sigD¢d pro¢edures whicb include4 but were not limited to.. agreeing fJnonci8] stsi•nent dis¢losutes to und¢rlying 5UPP)rting docutn¢nts reading th¢ minutes of tu¢¢ting5 of thos¢ charged with governance" aT enquirin8 of rnwtDent 45 to acbJaI and potential litigation aDd claitns. fving to te iLtherent limitations of 00 audik ther¢ is An un8void&bk risk that w¢ will not d¢te¢t ail irregu]atiti¢s, including those leading to & tnateriai tniR5tstetn¢nt iy) the fillanci statements or noD-GOtnplianc¢ with regllldion. This risk incree8 the more that ¢omplianc¢ with & law or regulation is remov ftom the events and tran5action5 reflected in the fjnallrial statrrtLents, as we will be less likeLy to become aware of instsncts of noll-compliance. The risk is also greatrr reg&ding irregulltieS occurring due to fraud rather than error, as fraud involves intentional conceaimeni forgery, coll10 omission or misr¢pr¢9¢nration. A fijrther desrription of our responsibilEties is availableon the Financial Reporting Council's website at.. rSSAudiVAudEt-and-&ssurancolSthndards-and- idancelStsndardS-pd- 'dance-f ors-res onsibiliues-forvauditlDescri OnOf4diE0ts4re sibiliues.fot-alldit. Thi5 d¢5Gripti4)n forms part of ourauditor'6 I¢rt. Use ofomrreport This report is nMd¢ solely to the charitable compaDy'S members. a body. in accordance with Chapter 3 of Part 16 of the Co]npanies Act 2006. Our audit work l)as b¢¢n Undeff¢n so that w¢ might stst¢ to th¢ ¢]witsble wmpaThy's members tTrSe matters we are required to State to them auditor's [¢tt and for tLO other purpos¢. TD the fullest extent wittrd by lttw, we do not accept or 5ne responsibility to anyone other than the charit&ble company 2nd the ¢haritsble company's meDth¢TS Abody, for tsur audit worl for this rtport or for the opi5]i0ts5 w¢ hav¢ fornie Mukesh Khatri S¢nioc SrAtrJtory Audittir For and on beha]IDf BARCANf BBARDON LtMtTED Chartet¢d Accountsnts StstLrtory Auditor5 8 BlackstockMew8 Londoll N4 2BT 16
STATEMEKf OF FINANCIAL ACTMTIES (TNCLUDtNQ INCON AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 Restri¢t¢d Unrutridtd Fund5 Total Totsl Fund8 14 Months Year P¢riod ElldEd Ended 31 Dec 2023 31 De¢ 2022 Jncome e*&)wmÈntrfrorn.' Donatt'ons and legacics Cl]gritable activities Othet trnding artivities Invtstmcnts 55952 1,489,066 23.711 I58,908 770 6.480 2.443 214.800 233,072 1,489,836 1.479.230 30.191 40,717 2,443 51 Totsl incom¢ a[ ¢ndowrnetLts 1,568.729 168.601 1.737.330 1,753,070 ¥pendIre on.. Costs of r&isiD8 fund8 Charitable activities Other 21,653 46,584 4.412 21,653 48,750 1,73&l26 1 J74.635 6.774 873 I,691,542 2.362 Totsl expenditure 1.693.904 72,649 1.76&553 1.624.258 Nct incomtJ(eXpendire) (125.175) 95.952 (29223) 128.812 between funds l9 39.938 (39.938) N¢tMOv•ne fvIdjrlheYe4 (85237) 56,014 {29223) 128,812 Reconcilwtlon olfvpK& Total broughi forward 19 338,719 84.793 423,512 294.700 TDtsI fimds ¢eied ftsrwErd 19 253,482 140.807 394.289 423,512 The statan¢trt of fmanciHI activities iDcludes all gains and Ios5e5 reColsed dwiDgthe year. Ail income and &licUrE derive from CODtinuin8 activiti¢s. 17
BALANCE SHEET AS AT 31 DECEMBER 2023 Nots 31 23 31 Dec 2022 F£¥edAwts 15 15,784 22,312 Debtors Cash at ar 16 42,178 547.598 92,229 619,92 589.776 712,150 Creditsrs.. Amoullty falltng due witlLiU oue yeaT 17 (211211) 1310,950) Nét CurrtniAfj&ets 378.505 401200 NetAJ&ets 394,289 423,512 Ft 19 253.482 338,719 Unrestricted fi 19 140.807 84.793. Totsl ffiJDd8 394289 423,512 These financi Statements are prepated accordatLce withthe special provisions ofPart 15 of th¢ Companies Act 2006 rdatinB to $mail eoTnpanies. Si1 onbehalf of the IM)ard of trtee8 iiuth cham[5 Director and Tr Morrison Director and Truste¢ Date= The nDtC8 Otl P3ge 20- 34 fomi part of these fjnattcid statements. Company Regi5trationNo. 08530711 18
GLOBALFBEDBACKLIMITED STATETr OF CASH FLOWS FOR THE YEAREKDED 31 DECEBER2O23 Not¢8 31 Dec 2023 31 Deo 2tY22 Cushflowfrom opert¥fvngactfvities Net ch providal by operating a¢tivitie8 (74.766) 199.492 Carhjlowfvm K¥18CtiVirfe Intere8t itlcome Purch&8¢ of tsn8ibl¢ fd 2.443 51 (9.204) cath (y8cd inyprovidgj by illg. activities 1443 (9,153) Neè c4tth 17ndeh eqNlvalfflts IK theperlod (71323) 190.339 CafA 4ndcash qulvthts be8lffiinxofthgFerrf 619,1 429,582 C4tk andcofh equfval¢ntsat¢he dOeperWd 547,598 619,] Anolysts ofcavh ¢mdch equrvalents ' C48h in bgAk and hand 547.598 619.921 Cavh apdc4th quiwilents at the eml0f1heptrd 547.598 619,Y21 19
GLOBALFEEDBACK LINIITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1.0 ACCOtin8POlic/ TtL¢ prwcipal accounting poliEies adopted. judg¢ments and key sources of ¢stimatton un¢¢rtainty in the preparation of the financial statements Are follows: J.J GÈAerttl informatiopl ¢fftd bafts ofpreparation Global F¢edback Limited is a private cornp&ny liti)ited by gurntee in Flatl and Wslts and no share capital. tll the event of th¢ chatity beLn8 wound the li&bility in r¢stEct of the guawitee L5 litlted to £5 per m¢mb¢r of th¢ charity. The registered office is Offi¢¢ 518, Unit ID The Hi8h Cr055 Ccntre, Fountsyne Road. LO[0 N15 4BE. The charity constileS a public bcllcfit cntity defined by FRS 102. The fllwicial statrncnt5 havc bEcrt pr¢psred in accordance with Accoullung and Reporting by Ch3tities'. Ststement of ReLommeaded PrtI¢¢ app5i¢able 10 charities preparing their accounts in 3Gtordance with the Financiaj Reporting Standxrd applicable in the UK and Republic of Ireland issued in Ortober 20I9. tbc Financial Reporting Stalldd applicable in the UK and Republic of trelatLd (FRS 102}. the Chariti¢9 Act 2011. the Q>llLpanie5 AGI 2006 and UK GeDerally Accepted PraGts¢e. The fu)ancid statetnents pr¢pored on agouw coocern b&sis U[2 the hi5tLlriG ¢OSt convention. The financial 5tat¢m¢nts ate prepared in st¢rlingi which is th¢ functional currtnry of the company. Monetvry #mounts ITh the5C financi statrtnents are rounded to th¢ llearest£. 1.2 Reportipr8p¢riod The previous y¢ar's teportin8 period w35 for 14 months to 31 DecemF*r 2022 due to th¢ accoutlting y¢4r end being aligned to the ¢ei¢t)d8r year eTLd. This means that th¢ ¢omparativr amourlts pre5¢ntcd IA the accoutlts, including the related notC5, ¢ Jiotentitety comparable. 1.3 qcti)willng Urtrestri¢teA fidS are availabl¢ foruse at thè dis¢retion of the lThstEes in fiJrtheran¢e of the gerer&l objectiV¢5 of tbe cherity and wbich have not b¢en d¢signaied for othgt purposes. Designated funds are unresirictrd fimds Cthnarked by thc trustcEs for particular puryoses. Rutrict¢d fid3 arE subject to rc5triCtions on their ¢nditur¢ imposed by the donor. 1.4 1pKome recogn¥lioFI All illcotnulg resources are inck]ded in the StatEment of Financial A¢tivitie$ (SOFA) when the ¢lLarity if legally erttitied to the inwm¢ after any perfomiats¢¢ conditions knve b¢en tDe( thc atDount can be me&sured r¢liably and it 1$ probabl¢ thatthe it[De will be received. For donations to be recogni5ed th¢ ctwity will h¢ been nOtifL of the atllOUDts a1 the S&teAt dth itl writiDg. If therE are conditions atched to the donation and thi5 Tcquires a level of perfotmanc¢ before ¢ntitleoJent be Obtain th¢n iJcome is defcTred until those ¢onditioJJs are fully met or the fulfj]ment of those conditions is withirt the control of th¢ ¢harity and it is probable that th¢y will be fulfilled. DonatEd faGiiitiES and donated professional Services are recogllised in inc0e at their fair valur when their economic bcTrefLt is probable. it can bc mwured reliably 2nd the Gttarity b&8 control over thc item. Fair value is detemiined on the bH5is of the value of the gift to the GhBrity. For ¢xample the amouTLt th¢ thlty would be willing to pay th¢ op¢n tnark¢t for such f&¢ilities 8nd seTVi¢eS. A coue5polldin8 amount reco8nised in 20
GLOBALFEEDBACK LI NOTES ro THE FfNANCIAL STATEMBNfs {Contirtued) FOR THE YEAR ENDED 31 DECEMBER 2023 No amount is inGluded iD the rmalI] statements for voluntr¢r time in line with th¢ SORP IFRS IW2), Further detail is given itLthe Tnthes, AnllU ReporL Income from trading activities includes income eamed from fimdraising events and trading actlVLties to raise fund5 fDr the charity. InCore is ¢¢1Yed in exchange for swlying goods and services in order to raise fun(L8 and is reco]sed when entitiem¢nt has etsrred. Incom¢ froTll government and other aT¢ recols¢d at fa value when th¢ charity has entitiemcnt aft¢r 8ny perforniancc conditions havc been mer. it i5 PTobable that tFke 1Com¢ will be received and the aDWUnt Can be measurnl r¢liably. If entitlement is not mctthcn these amounts are deferred. Interest income is r08n1$ed when 1vable and the amount ¢all bB MU[ed reliably by the Olty. this is normally upon notification of the interest paid or payabl¢ by thc Bank 1.5 Erpendl(UTe recognifion Expenditure is recogoised on an xcrual basis whcr¢ there is a le881 or nStructIve obligation to make ptymcnts to third ptiThe$, it is probable that the Settlement will be required and the atnount of th¢ obligation can be rtwur¢d reliably. Expendits¢ ig classified under the following headings.. Cost5 of rai8in8 fidS ctsjnprise the costs incued otl activities that raise fimds. Bxpendittjre on ¢haritablc activitLES C(IinpTIS¢5 those costs incuTr¢d by the charity in the delivw of it5 acuvittes and 5ervice5. It includes Ix)th costs that b¢ #ilocatrd directly to such activitie5 and those costs of an indirect rtatute llerc5sary to support the. Other eXpendire represents those ite5 not falling into any other beading. Irrecoyb]e VAT is charged os exponse against th¢ adivity forwhich expendittr¢ 8£0S¢. 1.6 S¥pportcoJts &llocatkn Support ¢05ts are those fvn¢tions that 151 the work of the charity but d(p not ditErtly represent cbarit&bl¢ a¢tiVities and in¢lud¢ pT¢[ni5 overheads, office. fance and govemaffte ¢05ts. They are incurred dillY in sUp[rt of cxpcnditure on th¢ objects of tbe ehaEity. Where suprK>rt costs cannot be directly attributed trj particul8T headill they hav¢ allocated to cost tsf rSing fi]nds aad exptndiwr¢ on ¢h8ritable activities on a bash5 COJJSiStent with use ofthe resources. J.7 Tunglblefixgdassets Tangible ftxed 8ssets Costing more than £500 are capitalised at cost atml depEe¢iated over their tsttfflated useful economi¢ lives on & strdight line b8sis as follows.. Kitch¢n ¢ontaiTher and quipment Computers tween 5 ye8rs to 1£ years 5 y¢ars 1.8 Debtor$ Trade othcr debtors are recognisEd at the settl¢m¢nt ont. Prepayments ate valued at the amount prepaid. 1.9 Credilors andprowsloAf Creditors and proviBions are rccognised where the chariry has a present obb'gation r¢8vliinE froTtL & past event that will probably result in the transf¢r of fund5 to athjrd pty and the aTnount due tD scttlc the obligation catt mwured or tsurnated reliably. Cr¢ditor5 and pmvisions are nonnally recOlsed attheir 5ettl¢ment 8mouttL 21
NOTES TO THE FtNANCL4L STATEMENTS IContinlleAf) FOR THE YEAR ENDED 31 DECEMBER 2023 J.10 Pr0virio Provisions are reCOed when the charity hss an obligation at the ba]an¢¢ sheet d&te a result ofi p&%t evcnL it is pfDbable that att outtlow of economic Fnefrt5 will be required in scttIemertt and th¢ amount can k relthty ¢stiEllAtr¢L 1.11 Operating leas8Y Rentals payable und¢r operating 1¢4S¢s are charged to tILe Statement of Fi]]0141 Activities on a straight line b&si5 ovcrthe PUiDd of thc le&se. 1.12 P¢rtslo NEST op¢rat¢s & def¢d contribution erc on bEha]f of the charity for the benefit of it5 cmploy¢es. CotLtributioDS payable arc charged in the Statmentof Financial AGtivities in the period they arc payable. l.lj Employee benefitr 1ILC Cost of any ur2used holiday entitlement is recognis¢d in the pcriod in which the employee's services are received. 1.14 ForelEK cwrencl For¢ign rurr¢nGy tran5actioll5 initilY r¢¢owLis¢d by applying to the foreign CU£n¢Y 3motsnt the $t hange ratr bthyecn th¢ fAUJGtiotwl GUenCY 2nd the forei currency atthe datc of the tratL5actitsll. Monetsry assets and ]iabilitie$ dettOM in a foresgn cutreDCy at the balanc¢ date are translated 8]ng thr r105ULgrate. 1.15 Jn th¢ 4ppli¢&tion of the ¢hority's ¢ountin8 policie4 the members of %eMellt ¢Otn]llitse¢ 8re required to m*¢ jud8¢m¢nt& estimat¢s and 8ssumpti0ry8 abr>ut the win8 amoiint of assets atKI liabilities that are not adily apparent frotn other xTrurccs. Thc estimates and &8sociated SuMptiOnS arc based on historical experience and other faotors that are considered to bc relevattt. A¢ttJai results may differ frotheSe estitits. Th¢ ¢stimat¢5 alld assumptions that h8v¢ a S]lfiCant risk of causing a material adjustsllent to the carying amounts of assets and liabilities within th¢ n¢xt fIn¢tal year are listed below: Cos¢ allocatton Suppon costs afe ailo¢8t¢d woss all charitable activities. DependeDt uptsn each typ¢ of support activity. wsts &rE opplied dirBrtly willst &filltion or appropTiatr ¢OSt thiv¢rs such &8 time aUoGation5 gre utilised. The esbmates and underlyin8 assumptions are reviewed on an ongollw basi5. Revisions to accounting ¢5tim&tcs are recosni5¢d in tbe pBriod UL whiGh the e5titoate is revised where the revision affrcts onty that wiod, or in the p0d of th¢ rcvi5ion and bJbJEE pcri£¥Js wh¢ thc rrvision aff both current and firture periods. 22
GLOBALFEEDBACKLIMtTED NOTES ft) THE FtNANCLAL STATEMENfs ICoThtinued) FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 OID GtftAid t&x re¢]&iFns 38.925 3.935 172,000 44,507 3.565 185,C 214,860 233,072 Income from th)nation and l¢gacÉes wa5 £214.860 (222 - £233,or>i of wlxich £55.952 (2022 - £102240) w attribut&bl¢ tD r¢stri¢ted funds f*nd £158.908 1•022_ £I30,8321 attributable to unreslTiCt&l funds. 3.fl ChorltsbleA¢tivi¢ies 2023 2022 Conttartuai pay]n¢uts Perfonn8ll¢c ielated gtOntS 16.650 170,819 1.473,186 1.308,411 1.489,836 1,479.230 3.1 lTrcom2 from e]Jari¢able activitics w&8 £1,489.83612in- £1,479,230) of which £1.489,066 (2022 - £1.462.290) was attributAble to restrirted n$ and £770 12022- £16.940) w&8 attribuble to Dnre5tricted fiu)d& <0 Incomefrojn Olher TRA&V1s1 2022 Bvcnts. cat¢ring and ¢tsnsuit8n¢y fees Renta] in¢ome 23.711 6,480 22,867 7.425 10.425 30.191 40.717 4.1 Incoffj¢ from other trading activities wa5 £30,191 (2022 - £40.717) of whtch £23,711 (2022 - £332321 w¥s attributable io restrict¢d fund8 and £6.480 {2022- £7,485) atributable kn uttr¢5tricted fijnds. ullrestrict Unrestri¢tg1 ftmds funds 2023 2022 Snter¢st. bank 2.443 51 23
GLOBAL FEEDBACK LIMITED NOTES TO THE FINANCIAL sTATENTs (Cofflinu¢d) FOR THE YEARENDED 31 DECEMBER2023 &0 Ewmdilure on RqiTb¥ Funds 2023 2022 Staff costs Other fijtthising cosis 20280 lJ73 41.611 7,139 21,653 48,750 6.1 Of the £21.653 eyrenditi]re in 2023 (2022- £48.7501, £uil12022-_£450) attributabl¢to restricted funds aThd £21.653 (2022- £49.200) was attributabl¢ to ut]restricted fimd5. 7.0 ofF4endilwe OH amritsbltAclivi¢ie C]13titable AclÉvities 2023 Activities Suprort 05ts Total direct]y 2023 2023 2(r23 2W23 Core work 29,992 Sugar Pollution 00 Muth of a Bad Thitig) 37.325 Sussex Surplu5 (Brigh"ton Outre&ehl 101214 Gleaniog Network 8,615 EU Partn¢r5knips 7.363 Growitlg oEEGrid 3.942 M¢8t Us Halfiway 141,030 Meat Organisin8 12,107 COP 26 Adv( 1.755 Livestock Greenwa5b 8.793 Su5ta5uable Aoimai Feed 10223 Regional Food Ecotwmyl AlchEmi¢ Kitchen 190.978 Fishy Bu5ines5 114,804 Green FutlJr¢s 62,745 Big Livestock [44.291 Bright Food Futh 5,056 Biomethgll¢ Projext (Bad Energy) .426 Eco-Talent 169.644 Our Fish (Notre Poissonl 361.143 S¢edio8 ReparntLOtL5 59,470 Anti4)pprc5sion Le4rnin8 147 UK Gov¢rDment LEgal Cballen8es 94.527 Food5p¢ Bu 19,710 Meat and Jwti 638 Manifesto 2,696 Food W&8te Po]iGy & Le8alAction 49,492 66 2,672 8.802 537 16,525 46,583 39.997 110.016 9.L52 7.363 4,>6 l46,244 12.637 1,755 8,870 10,5l7 20L,146 126,109 65,536 153,824 5.509 9.197 182.063 364,470 61,485 147 95.744 20.832 638 2.952 51J34 5,214 530 294 10,141 11,305 2,791 9.533 453 771 12,419 3.327 2,015 27 1217 1,122 256 1.842 1.646.126 75,448 16,552 1,738,126 24
GLOBAL FEEDBACKLIMITED NOTES TO THE FINANCLAL STATEmEs (C4)ntiThued) FOR THE YEAR ENDED 31 DECEMBER 2D23 7.1 cl¢able Activities 2022 Actsvities undertaken dIreCY 20Y2 SuprM>rt costs GtsvetDan¢¢ costs 2022 2022 2022 Core work 144.712 43.589 38.713 4.600 68.485 27 J81 150,962 154.142 19.977 86,316 8.659 153,371 47.860 43,395 5.343 76.035 30,Q86 167.677 154.170 24,142 95.6LO 8.041 J85,570 82.706 97.503 77,171 11.275 810 123,634 133,844 9,731 16.356 27,180 2.969 156 4271 4.682 743 7.550 2,705 14.855 28 4,165 9.294 395 16.238 6,766 8.750 6,949 1,055 Brighton treaCh GleAfjing Nctwork EU Part)¢iship8 Growillg off Grid . Meat Us Halt Meat OrgauL5iDg COP 26 Advocacy Livestock Greenwash Su$tain8blE Anirnal Feed RegioDal Food EconollLy/ Alchemi¢ Kit¢1 169.332 Fishy Business 75,940 Green Fulure$ 88,753 Big Liycstock 70222 BrightFood Fu 10,220 Bad Ener8y {An$4robic Digestion) 810 Eco-Talent 111557 Notr¢ Pois8Qll 133.770 S¢¢ding Repatations 9.414 ADti-Oppr¢ssion LearDin8 16,356 UK GovErnment Leyl Chajlenges 27.L80 Bolanic (Aardens Consu]tation ltttsrttiOTr 2.765 Btomethane Project 156 1,860 11,077 74 317 204 1,463,998 100,118 10,519 1.574,635 7.2 Of th¢ £1.738.126 expenditUTe in 2023 (2022- £1,574,635), £1.691542 (2022 - £1,421264) w&8 attribu¢&ble to r¢stricted funds a] £46.58412022_ £153.371) was ottributable to unrestrictrd fiuth. &0 AJwlyJis ofS4PPOrt8Nd Govm14nce Costs Support GovernaThce Totsl 2023 Totsl 2022 Premis¢s thd office Communicatiou5 FItiBr profeysiortal Depreciatson Loss on disposal of tsngible fixed a55ets Accountancy and audit fees 50.599 4,020 14.301 5.244 1284 50,599 4020 14.341 5,244 L.284 1&512 76.392 7.443 10,588 5.695 40 16,512 9.120 1.399 75,448 16,552 92,0 110.637 25
GLOBAL FEEDBACKLIMtTED NOTES TO THE FINANCIAL STATEMENfs (Continlled) FOR THE YEAR ENDED 31 DECEMBER 2023 9.11 O¢h¢r ETpendifyre 2023 2022 Net for¢igti exchange loss 6.774 873 Other expenditwe w&g £6.77412022' £873) of vthich £2,362 (2021-£4.92l) was attributabl¢ to re*ricteA ond £4,412 (2022- £5,794) was attributable to UDte5tri¢t¢d SJnd8. IILO NetIncomd(Erpenth¥r¢)l¢plh¢ Yv 2W23 2022 Th&s u Jtatsdafvrclkryng.. Auditor's r¢muneration'. Audit Accounwicy D¢Prlation of tatlgli Jle fixed aSts tA>ss on dispos&i of tIble fixed a58¢ts Operating It¢ PP4ynts. Land andbuildings 8.256 .256 5,244 1,284 20.520 4.560 4.560 5,695 35.280 11.0 ondETPtM¢y The tru8tr¢5 w¢re not paid any remuneration or received any other ben¢fiL8 during the year (2022 - nil). The Board of Thst#$ incurr Iwjch It refreshments costs in the sum of £nil (2022- £73) and awiual membcT5hip of £nil (2022 - £37) to The Associ&tion of Chairs. ffi the pr¢vious p¢ri(Ml £45 spent on a leaving gift for Gleo Tarnw4 Ch&it of the Erf)•td. The charity iELcurr¢d £Dit (2022 - £1,168) foi trtee,5 r[ultineThL No trwt¢e was Paid or provided pro bDno work duriDgth¢ year (2022-nil). No trustee or other p¢rsoD related to the ¢harity bad w personal interest in any contra¢t or trarnsaotion ¢ntered into by th¢ charity durstjg th¢ year (2022- oil). 12.0 ATrd4ty1s olslrfff Cwts 2023 2022 Wagc5 ar salaries Social security costs PBDSiOll ¢08ts 731420 64.189 16,362 721,638 67.360 16,654 811971 805.652 12.1 No Etnployee earned tban £60,OC(I per (2022- two employee5). 2023 Nuber 2022 NurubEr £60,001- £70.(K)O 12.2 The totsl atthOUOt of employe¢ benefits [elY by key llLanaent personnel is £11320012022- £135,904). The compaoy considers its k¢y J]wio8ement perso1e[ to comprise Kt5 Exttutive Dire¢tyY alFin4¢e Dire¢tor. 26
GLOBAL FEEDBACKLIMITED NOTES TO THE FtNAN¢tAL STATEMENfs (Continued) FOR THE YEAR ENDED 31 DECEMBER 2023 lJ.(I StsirNMmberJ The 3¥eTrge monthly hcod count wa$ 27 5tatY12022- 31 staffl and the averdgc monthly number of fidl_ti]ne ¢qUiveI employEc8 I¢11¥ng csual and part time staffj durin8the wiod w&8 85 follow5: 2023 Number 2022 NutnFr 192 17.7 Global F*Jb&ck Limited i5 considcred to pw the tests set out in Paragraph I, Scbedule 6 of the Finattce Act 2010 amd tknfore it meets the dcfmition of & cttaritable company for UK corporation tix purposc5. AccDrdiJJgly. the ¢harty is poteTttiaJly extmpt from taxatitsn in respect of income or c111 gains received within categDriaB coveted by Chaptsr 3. Part I l of the Corptsrntion Tu Act 2010 or Section 256 of the Taxation Df Chargcable G3in5 Act 1992, to the ¢Ktent that sJ¢h income or gal are 8pplied Exclu4ively to charitsble pwses. IXO Fi¥edATxts . Kitchen Contsincr Comput¢rs ADd Equipment Totsl Co31 At l January 2023 Disposals 17,987 14.$73 (1.931) 32,560 (1.931) At 31 December 2023 17,987 12,642 30,629 Depteciation: At l Jallu 2023 Chorge for the pertod Elimiuated on distrf)SS 6215 2,890 4.D33 2,354 1647) 10248 (647) At 31 December 2023 9.105 5,740 14.845 Nct Book Value: At 31 December 2023 8,882 6,902 15.784 At l JaDU8ry 2023 11,772 10.540 22,312 l&il Debfors 2023 2022 Tr&de debiors Oth¢r debtors Prepayrrlents 27229 1,879 12237 833 6.961 4.712 14.420 66,136 42,178 92,229 27
GLOBAL FEEDBACKLXMtTED NOTES rn THE FtNANCIAL STATEMENfs (Cot)tinued) FOR THEYEARENDED 31 DECEKBER2023 17.11 Credityrs."Anw•w FrtlthryDMe Wiihwn One Ythtr 2(r23 Ttth ¢rlitors Other creditors 5.392 75,703 130,176 60,397 4,294 IS3.839 17,420 75,(KKI Deferred income Lo 211271 3IO,950 i&.tP DrferredIRcome Defeffd illcorne comprises of wt)ts receivd in advancc. Total Balar as at l January 2023 Amowii r¢le&sed ts) income Affjount deferred Anthe year 17.420 (17.4201 Balan¢e os at 31 Demtrr 223 IAO of (Jr#riMbie unrestricFUryy- Crrnt Year Balwj Incoming (hrt80iDg Transfers Balan¢¢ l Jgn 223 31 Dec 2W23 84.793 168.601 {71649) 139.938) 140,807 84.793 168.601 (72.649) (39,938) 140,807 UprmtrlctedF1- CurreuiPEruJd Balance l Nov 2021 In¢ornin8 Ouigotns Transfers Balance ResouT¢¢S R&8ources 31D&2 General fi]nds 143,683 155,308 (208265) (5,833) 84.793 143.683 155.308 (208,365) {5,833) 84,793 N¢m¢ of¥nrestrictsdfynd I)tp0 nathre aprdptttpO ofthefftd Th¢"free teserv¢5" gfter allowing foc any designated fMttd8. 28
NOTES TO THE FtNANCIAL STATBMENTS {G)otinued) FOR THE YEAR ENDED 31 DECEMBER 2023 J9.1 Ré¥trKtedkndg- Curren¢ Year Incoming lJan2 31 Det 2023 Sussex SuTplus (Brightott out) Gleani08 Network UK BU ParthEr5hips Meèt Us Hsjf COP 26 Advocacy 33,532 4.704 5.740 6.883 1.666 15270 1.488 9.971 67292 SD.644 27.112 1,415 2.021 12.140 147 2,109 4,335 7.868 6.955 (1.0241 45,643 32,808 124.623 5.070 17841 161.750 1110,0171 (9.1521 17.3331 114A176) 11.755) 161,4841 1201,146) (20,8321 1126,109) 165.536) 1153,830) 19.197) 1182,069) 140.OI7) (147) I4.6? 112.637) 48.138 622 12.377) 21457 169) 8.036 125.484) 4.955 94,783 53.823 23.622 11,454) (2,150) (7.877) 20 54J50 145.674 15.816 153.6UO 68.715 ISOJ40 6J28 177,898 20,000 Th¢ Alchemi¢ Kttcb Fo{x18p Bucks Fisby Buness 28.500 Big Liveytockvs The P Biomethane PToje¢t (Bad Bncrgyl E¢0 Tajent Suw Pollution fvlu¢hof a BadThin&) Anti.OpprBs5ion tLarniDg Growing Off &id l.B97 (9,2631 2.989 16.650 Livestock GrttnWh Sustsinabl¢ Feed Bright Fo(yJ Futures OurFish (Notre Poissolll UK Governmejjl t£gai ChalleD8es Meat and Jui¢e Manif¢5to Food Poli¢y & Leyl Action (915) {462} 2,982 575 110.548) 15.508) CJ64.417) 195.744) 1638) 12.952) (51 J35) 6.532 333.135 60,778 1,589 14361 12,158} 951 6Jll 15J87 66,722 338.719 1.568,729 (1.693.904) 39.938 253,482 29
NOTES TO THE FINANCIAL STATEMFNTS (Continu¢d) FOR THE YEAR ENDED 3I DECEMBER 2023 R¥stricodfiw&£v-Vrevtu1Od Blce l Nov 2021 Itt¢oming (lutgoiThg owces TtHDsftr3 Bdancc 31 De¢ 2022 Sussex SurpLu5 (Brighton (ttreaCh) GlcanitigNetworkUK EU Pzrtner5hip5 Ml Us Halh¥ay COP 26 Adv Seedin8 Rep¥Jitions The AichellLicKiidJell Fo]SPaCe Bu¢ks Fishy Bu3ille& 9.973 10,047 (3.449) 13,482) 19227 66,954 (43J951 (5.3431 (76,022) 1167,673) 124.L611 19.7301 Il85,121} 33,532 79.378* 178.038 6.600 25,000 l4&698 9.971 150.CK)O 98,360 93 JIO 1,572 125,414 60,000 5,833 5,740 6,883 1,666 15270 1,488 9.971 67,292 50,644 27,112 I.4L5 37,911 112.7081 197.5031 (76,680) 1967) (123,6291 {47,8601 Il6.3561 12.972) (30,080 (149,834) 195.5151 18.041) (11274) (133.8431 127,1801 49.787 10,482 810 236 BigLivestorkv5 The PlaLXt Bad Ellerlv Eco Talent Too N&ucb of a Bad ThiD8 12.140 147 16,503 2,Y12 ¢JTowing Off Grid 32,195 154.169 103283 14,996 10,250 179,486 59,988 2.109 4J35 7,868 6.955 (1,024} 45,643 32,808 Livestock GTe4nwJth stRinable ALuLa] F1 Bii8bt FoodFuEut Notr¢ Poissoft UK GoverntDeut tLgal ChalienÈ¢& 1.597,762 (l.415.893} 5,833 338.719 * FLAVOURptOjl in¢otD¢ ¢ludes ]llRtcbvJ fu1ll of £7.500 from The Etncst KIcinwort Clwitllble TtUSL £5.000 from Th¢ Law50nTn £5.410 from Bri8bton & HoveFIKwlP8rtrRr8hip •nd£12,12l otheritKxitDe and dooatiOEJS. Name ofrestrictedfvnd DCTPIt0 xaiiir8 opdpurpOs ofthefyp Su&8ex Surplus i8 a pilot social enterprise tsking fresh alld sulplus food in danger of being wostEd and transforn]it)g it into IoDg-life products gnd taty tneais. We sell jar5 of soup wholesal¢ to indcpcndcnt shop5. re the eommunity at our weekly in E4St Brigknn Thursday and provide r•tering serviceg on r¢quest. Suss¢x Surplus GleaDingNetwork UK Our PTogfdmme to cngagc people in environmerttsl i8su¢s ld build ¢Otnmunity ties, through volunteer days r0vern food surplus fro fields for Gh8Jitabl¢ redistributsofL EU Partnetships Food Surplu5 and LaFx>ur. th¢ Valorisation of Underuscd Rrsource5 Thi5 projcct &iTnS to addrcs5 key 5DCiCtÈl challeng¢s in the -2 ScJs- areas bordBrillg the English Channel - fof>d ¥Ste un¢mploymenL This project finished at the end of S¢ptember 2022. Meat Us Halfivay We investigated the top ten 5upertnAthei$ sn the UK to Bee what they wcre doing to reducc th¢ environmcTr impact of the meat and dairy thcy s¢ll. After alL sUperllktts control over 90VJ of the 0¢e¢S [Irket 50 when it COM io the weekly Shop. most of tlave little choice over what's oth the 8helves aud how it got th¢r¢. 30
OLOBAL FEEDBACK LM'IED TES TO THE FtNANCIAL STATEN(ENfs (Contilld) FOR TKE YBAR ENDED 31 DECEMBER 2023 ofreslrtctdfynd Des¢nptson, Iiot¥re aKdPwpoS (f> thefiffid S¢ediDg Rcpat8tions Building & framework for strllctural ch2nge in the Food System. Food productioo which a¢counts for at le&%t IOYO of thc global ccortomy, is the gingle most hattnful a¢tivtty that humatt$ have on the p12net. Th¢ British Ejnpire's torpor2tions creakd this exploitative food system on a bedroGk of structural raoism 8nd envirtynmentaI de5truEtion. From the enslavement of Black African5. and the lDdeJYre of EBst and South- E3St Asian work¢T5 to labour OD plantatitsns in th¢ new world. the rel¢ntless drive for Profit lcd to deforcstation to cn2ble thL cultivation of munocultures and the introdu¢tion of invasive species. altering native enviTDnrncnis. Then and now, thc industrial food System contitiue5 LO devathte Trature, and produce 5tructutally un¢quY41 out¢ome5. This is a joint proj¢¢t with ETC Group and Tipping PDint UK. The Alchemi¢ Kitcben Our RegionaI Food Economy projeci 15 WOTking in the North W¢5t of England to link ¢nterprtse, education and odvoca¢y to help build and urture a loeal food ecooDmy thlt feeds everyon¢ fairly and sustainably. Foo&%pace Bu¢k$ A colle¢tion of proje¢ts funded by small grants from locaI testrictrd funds in B1inga$hIrc. focu5sed on thc link bctwe¢n food and phy5icoi mentsl health. Fishy Bu5inss Our ¢3mpaign to improve the SUstnablI1ty of faJrned fish. es¢IdY Sctsttish SlllTDon, thrDugh chaT]ging fish Fced. Gree FUe9 Green Fuwr¢$ is Feedback'5 youth employabilitv programm¢ for ButkInghamghi. Through IL we w'ork to build the local greeJJ economy, address youth utxemployme]Jt and ¢oTmect young peoplE aged 11_95 to food. tht land and nature. Big Livestock vs the PI8net This projecL lookiD8 at div¢gtsnent from iBdustrial meat and dairy production, campaigns to redu¢e thc cuyironmenlal dcyastation ¢aused by the sector by lling fiDan¢ial Bssociation with it socially unacceptsbl¢. Biom¢thane Project (Bad Ettergy) Our can)pai io avoid thc w of iaDd. animal rearing atsd surplus food for energy gElleratioll. Eco faknt EcoTai¢nr to ill¢re diversity withit) the UK ¢nviroJJtnetrtal se¢tor by championing paid work ¢xpErien¢B placcuJEnts and traillins rorp8rti¢ipanls ivho l&t otherwL5e be unable to access th¢ sector. Sugar Pollution croo Mh of a Bad Thin This is a campaign to reduce xugaT COJ2gtJmptioD throuth pply-sIde intervcntions, that is to 52y. reducing thB arnouDt of sugar i*et produced in the UK lo stcm soil depletxon and improve h¢alt 31
OLOBALFEEDBACK LIMITED NOTES TO THE FINANCLAL sTATEs (Continued) FOR THE YEAR ENDBD 3I DECEMBER 2023 Narne ofrttrthtedfynd DdYcniplioFr, n<Jlure &ndpurposes of thefvprd Anti.Opprcssion Lurning Th¢ AntL-Opprcssion Learning Project unstes & Small group or organisations in the food ad environment scctDr to addrc55 Systcmic racism in the work thai we do and broadcr patterns of oppression in the food. knitlg and erLvirotJtDClltal seclor. Growing Off Grid Aims to in¢rew access ty alternatkve food PrOdtiOn m¢th(Kls, in P8Ttherthip with racial alld social justice org2nisatLOn5. mc OrwisiD8 grd55100ts conllnwiitiBS, campaigning organisatiot)s and txp¢rns in the UK. Europ4 North Am¢Tica and Global South to doliver a learning project providing a strong undctstanding of historical and curretti &gxroots camp3igns against Big MeaL of the su¢tess factors of 1sm2tC 8rn55roots compaign5. and of the sctspe for r¢plitabiLiry agait Big Meal taEgcts Ènd a strategy for grassTQOts mobilization against Big Meat. 1$ a joint pmject with FE¢dback EU, Brighter Greer Seeding Sovereignty andGreenFaith. Livestock Gretllwh Big meat and dairy companies {'Big Livestock.) in the EU ar¢ in¢rEagingly pointing to tbrir growing range of committnents. often fratned aroulld 'ne12£ro'. We work togcther to ¢mpowcr ¢limate, tnodia and farning audience5 with visual, ea5y-to-underst3nd infornation on the hollow cliLllAtr promi5Es of Big Liyestock compznies. enthling them to clvdrly effeCtity 11 out gr¢¢tsw181L Su8tainabl¢ Aninul Feed REdurinE the global d¢fore5tation iuipact of the liY¢stock industsy in th¢ UK by de¢rS%g th¢ use of soya-basd animal feeds in UK farming Sy5tt]ns. Our Fish (Notre PoL550n) Controlling Fish Meal aDd Fish Oil Plallts in West Africa. Our goal is to prrvent the power[ and gtOWin8 fi5hm¢ai and fish oil IFMFO) iThdu5try in West Africa from de5tr0yiJ]g fish stocks and livclihoods and Cr<Illg Food sovereigDty. is a joint project Regional Nerwork of West AfriGa Martnc ProleBtEd Are&8 fvLMPAO). G"Teenpeace Africa IGPAFI, Lanca5tcr Ut2iver5ity. D¢Smog. TbB West African Associatiott for thE Dcvelopmcnt of Art]Sall Fisherie5 OVADAF I.4DEPAII, African ConfedcrdtiorL Df Sma]l-s¢ale Fi5hrrie3 Profrssion Orwi72tiotLS (CAOPA) Feedbk EU. UK GoVcntttt Legol Challcnges Chollenging thc National Food Strategy and InternatiotoI Trade Agreements whcTe mea5ur¢s to reth]ce th¢ production of meat and dairy products are insuffirient for health, food, famiing and the climate. Manift5to A prtsj¢¢t to develop food systeTn policies to advocatr for in the UK with the ptsn to share these with policymakets. Food W&*e Policy & L¢Ao1 Action Legal action to chall¢ngc the govgr]Jm¢nt's decision to rev¢ise its prEViQUS dcctsion to introduce Icgi51ation requirsng n)datOry ttleasurement and reporting tsf food waste in the UK. 32
LOBAL FEED NOTES TO TEIE FINANCIAL STATEMENfs (Continued) FOR THE YBAR ENDED 31 DBCEMBER 2023 19.2 Fund balattc¢s M&y be neRativ¢ when expetMlibJre is made ort & ptoj¢ct that 13 ¢XP¢¢t¢d b) b¢ lmliT%l hy filrtders, butwher< at thc ¢nd ofthe faCIal p¢rio( not all the cOtltionS have been met tbat would justify thi5 income being recognised within the a¢cowits. This results in CXG¢55 of eXpendIts over in¢om¢ on some project fijnds. At ttLe bal8D¢e sh¢¢t date there were nine fid5 in deficit by £42,946 (2022 - one fund was in dcficit by £1,024). TILC TrL]Stees cowider that the likelihood of r¢iTtLbursement is of 8uffi¢i¢nt l¢v¢l to justify the cattying of these deficit fimds at tlLC end of the period. 29.3 The nettransfrr of £39,938 (2022- £5.833} from general fuDd5 ryre5ents £39.938I22- £5,833) &dditiollal fjjnding fOrstrICted fALtth. ANolyJis ofNelAssets b¢fveen FMNds- C¥rrrt Yr Restri¢t¢d Funds 2023 UntC5tricted Funds 2023 2023 Tangible Axed assets Cash at bank and in haJ Other net ¢urreDt 8s8etsl(liAbilities) 12.124 325.884 (84.526) 15,784 547,598 (169,093) 221.714 184,5671 253,482 140.807 394289 An4lysis olNe¢Assets be¥M4ven Fwth-PrevioxvP¢riod Restricted Funds 2022 Unte5trÉcted Funds 2022 TotAi 2022 Tangible fix¢d a55cts C&sh at bank snd in h8nd OttKr net currettt asseW(liabilities) 14,763 386,350 (62,394) 7.549 233,571 {156.327) 22,3 12 619,921 (218,721) 338,719 84.793 423,512 21.0 OpeMth¥L¢4ses. Lewt Tots] firture ninimtjm lease paym¢nts tmd¢r uon-cancellable operating le¢5 are follow5.' 2023 2022 Not l&terthan one ye4r Lat¢r than one and not lat¢rthan five years 20,520 10.260 8.550 30,780 8,550 33
GLOBAL FEEDBACKLIMtTED NOTES TO THE FINANCIAL sTATEms (Cootinued) FOR THE YEAREKDED 31 DECEMBER 2023 210 Reconcili4th oIN&I1¢td Nrt Ch Flow Fn•M OpeM¢inxALidvl 2023 2022 Nd inGoJnB for the period Adjkncnts lor.. Interest in¢ome Ikpreciatio D¢fi¢iV(sutplusl on disposal of fixr4J 0s%ets ¢reafeydecrea5c in debtors I[weL$(deCreasel in ¢re4itors (29.223) 128.812 (1443) 5244 1,284 50.0SI (99.679) (51) 5.695 11,169 53.867 (74.766) 199.492 211 Anfftys&f Ch4n8u InNetD At l January 2023 Cash-tlows Ai 31 DecemEtr 2023 C&8h at battk in 11a 619.921 (72,323) 547.598 23.0 RethIedPrty Tr4rys4elio During the y¢Hr. Global Fee4Jback Lilted providvd funding of £203.649 (2022 - £13I.3651 to Stichting F¢¢dback EU, a rElat party. At the bal&T sheet datfy &balÈnce of £71,117 is ow?dto Stichtillg Fredback EU this is disc105Bd under 108ns in creditors due under l yE•r. Jn the pr¢vious periLwL £16.528 was owed to Sti¢hting Feedback EU *ld was Inclu itiTr&de cteditotS. ichtillg Feedback EU bad also provided fiuthing of £nsl (2022 - £2,150) to Global Feedbk Limited cf whi¢h £DiI (2022- £2,150} was includrd in other debtor5. Fe¢db8ck Global Limited illGurr¢d travel ¢osts of £nil (2022 . £288.70) on b¢haif of employcc5 of Sti¢hting Feedba¢k EU during th¢ year. Th¢re were Do other r¢l&t&l paty traDsa¢tion8 during th¢ period (2022- Doue) ]de from donations totslling £nii (2022. £1,870) rvxiyed from the tn]stee5 durin8 the rRTiod aud the di5c105Ur in note I l. 34