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¢p￿dent Auditor's Report 17 Statement of Fift￿1￿ ActTVitie5 [M￿lUding [nc0￿6 and Exr*nditure 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¢emF*r 2023. Global Feedback Limited is acompany limitsd by guarnnttt without share c￿1￿1. 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 0￿C 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 impact￿1 research. including the Supcrm2rkct Nleat and Climate Scorecard Report 2023 which found that Ertrcnw￿h is rifc across the UK 5upermarkct sector, a rC￿rt 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 envir0D￿ent 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()m￿t decÉ5iDns. Wc scored a major 5ucc¢ss itt forcing the governmcnt to reconsider its approach orl f￿d 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 g0vern￿cnt'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 t￿SterS 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[L￿til￿£s which focus on fintneial and operational matters. The hiEb p¢rforniing 5teff team, led by Executive Di￿ctOr 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 ar￿Ual report and r]natLcial 5tatrmcnts for Global Feedback Limited (also knowi as Feedback) for the ye8r entsl 31 D￿ember 2023. The trustees have adopt￿ th¢ provisions of the Staterne￿t 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[￿ Re￿rtIng 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 lla￿raI envirorjment, for the public ben¢fiL including the protnotiou of bi￿lVerS1ty and s￿stA1￿ab]e land use, the advsncement of the education of the public. for the publi¢ tr*rtefii ill S￿Stainable deVelOp￿ettt 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 SubJ￿ts 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 S￿inable means of achieving econothic wwth and r¢8¢n¢tation. Sustsinable d¢velopmenr ll)e8ns"d¢v¢lop￿eTrt 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 l￿dIOr rtLAritiE& oroth¢T organisations wot*uw to prevent or relkeve poverty. OwApprnach We are dr1Vll￿ change thTOU8h a unique Campai￿1 Style g¢wrcd ttswards en8aginE and mobilising citiZell5. Ch￿gIng busine$8es, tr8ttsforming m8rket8 Ind updattng outdated policy and re￿latOry fra￿¢Works. We believe the trdnsitiotl to & food systeTll which ptovide5 nutritiou5 fLM)d for all on & fair b&si$ while rege￿erdling 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 Sp￿Lfi¢ project to wider Culttual, ¢cono￿lC or legal change. W¢ arrange our work ￿Ollnd five brood areas of in*rv¢mion: We dekEldmJz¢ ¢orpor*ttoni: 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 n￿r￿Te tommunlty 8geitty.' We th) this thtough edwational progr4￿Me$. ¢reatiDg ewloyrnent and ¢xp¢rience DpportutLitic4 partiGipatory r¢s¢￿Cl4 pilotingregiot￿1 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 r￿Jd 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 SI￿lfICant 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 agr0e￿lOgY Tyill pr¢v*il.. 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¢ r￿d econo￿leS 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 $011 d¢pletion and eThYironmental tx)IIution in the UK and i]nprove health by red￿Ing the amount of land devot(xt to SU8ar bL%t cultivation. Anuffmbic thgesltotslbiomethone Our Campai￿ to avoid the use of land tntensive aJLimaJ re4ting and swplu8 food for cner&v generatioll by reforming the policies that shape the atLaerobi¢ digestion industy. De5trMcftve 17quaculf¥ire Our Ca￿paIgll to impTDve tht sustainability of seafood t[￿oUgh moving ¢on5wnptiDn away frotn fed 4ua¢ulture to unfed gpecic3 and chan￿ng feed. with a SP¢¢TfJc focus on ¢arnivorDUS tarnied fi9￿ c5pecia]Iy 5a]mon. Aqutsfvd¢7nd¥bbaljw¢ice OUT pertllership prog¥8mme wtth Feedb8¢k EU, seeking to reduce the tbTr&t to lives Bnd livelihoods of aquaf¢ed Supply chains in West Africa FOodw￿l6PrE¥¢￿ri0 Our Campai￿ to lackle the rwtand sy$*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 ¢Ory￿rI7110Ths Gndtheiyfinanciers Our ¢£mpaigTh aimiDgto delegstitllisc gnd dEfh]nd the i[KI￿￿tila1 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¢ his￿rIcaL 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¢￿tt￿re and aqu*f¢¢d g*tkered 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 co0￿￿￿￿ltieS 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¢ sOu￿1n￿ 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￿ aquaCulft￿e 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¢ d*b4ts 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 sUp￿ket'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%tait￿bIlty 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￿ clill￿te. 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 hell￿e 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$ througl￿llt 2023. our applic&¢ion to the Supreme Cotfft was IF￿1w￿ out itl December. raising si￿lfi￿￿￿t 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 parlia￿Ent￿ 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 illtri￿uCed impactMI new natrative frameg on the n¢ed, and pathww. to reduce meat atd datry, especially in FratLce and Sp*ill. th¢ NetherJand& fivE $upcrtnarkets committed to a protein tr8nSition dnd one commilted to 5￿ppI￿￿ multi buys on rtwtproducts- a major vi¢tory for us 8nd our allies Ollr work on rRelal Sustice the food iertor ¢fyD¢iDueJ to bulld brfdgeg bthyeen 0rgantsath)￿ In the food. envlrowmeDtsI amd justice Jp*te4 2023 w&8 & busy year ￿11 of outse￿h activities. bringing our,work on racial justi¢e in fo(Ki atml farnjing to diff¢r¢nt 8rcnas. We Bre pmud to have started the year hosting the y￿lice Hub at the Oxford R¢ai Farniing Corfvenc4 wh¢r¢ we held 5e&8iOnS to discuss r¢par&tory justice for the historical harws caU￿d by agr]b￿]neS$. 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 pr￿￿e5 to the fo￿, inGhIdll￿ blo8s on the Black Panthers aod eomtnunity mea]8. the dispr0￿rtiQ[L￿te impact of poor ait quality on ra¢ialistd wtDmvniti¢s. the ¢olonial I*￿Y 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>gett￿FOTr 8Rti.mist le￿nIng 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[L￿t initially said it would contest thi5 ¥laitrL, Lt ¢v¢nI￿1]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 DecemF*r 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￿¢￿ ovÈrpr0d￿ct&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 ti￿eS the populations, maximum re￿￿[￿rnded intak¢ of sugar. W¢ are proud tbat our Sugar Pollution fratrLtti8 W& subsequently athpted by otbets parliamentsry events. O￿T￿lork 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. 0￿E CU5toTtiEf said. 'The tsf Gree￿ mÉant myfumily tan ty l￿f&Od tkn¢ we wotddn'i rtormully eat. I lite thefaG¢ t174t we ttow access rofvhfvltandveg thotls offordabl¢. The ts agreot way to brujg thecomTMunity lo￿ther.. 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 p￿d job oppO￿nities. 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 lfvegt￿k Indiigtry to g*th•r and h#5 firmty egtabltsh¢d ￿VeStoCk w att issue Or￿n¢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 cl￿tte5 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 fi￿et 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, $u¢ as low-cost ￿K￿kIng workshops, school holiday relief s¢heme5 and bringing fresh produce to foDd deserts. W¢ rthemxtsre doing 50 through our media and policy work to support a¢¢e55 to nutritious fcKid. We arc filrther promoting participation in publtc life, includimg creating pathways to eTnploymenL for diver8e and disadvantsged groups. espccially voung petrple. thEreby promotittg w¢llFKing. oppornjnity and community ¢ohEsion. W2 are al80 pr(>motiog public Education on good food through workshops, digital conient medi Furtbernore, we are helping to bring aknut SU5tainabl¢ d¢velopm¢nt through our pilot projects in the North West and in the South EasL whi¢h aim to bring abDUt a food economy that benefits lo¢ai ¢ommunitieJ, serves local ittstitutions and pmte¢ts the envirollment. GLOBALFEEDBACK LtMITED TRUSTEES, ANNUAL REPORT (fNCLUDING DIKEcfoRS' REPORT) (Continued) FOR THE YEAR ENDED 31 DECEMBER 2023 FcedbaGk i$ committed to fijndraising best practice. We follow tht Funtha55ing Regulator's Code of Funthaising includirlg th¢ fjenerai Data Proiection RegulatlOD5, intrOdu￿d in May 2018. Our $tsff maintsill acon8iderate, uniJrtNsive approach to fundT*isiog and do not uttdertake cold.¢811in8 or eroploy third partie5 to raise fimds. Feedback enjoys a v¢ry good relationship with its $UPPOrter5 8nd fillthrs and ¢omplaints have beert receiv￿. All funth&ising a¢tivity is reviewed quart¢rly by the Audit Cotnmittee. Fi￿ne141AcVle￿ In th¢ cornparati￿ yeox. in order to aligts with the calendar year. our accounting period end wos ¢I￿ngc￿ to end on 31 Dr¢¢mber. TherEforc, thr wmparativ¢ figu￿$ 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 co￿p￿red to £1.624,258 irt the previous p￿0d. 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 ext*nditurc ￿ 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 ar￿transfer 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 eX￿ndI￿Are durlllg th¢ period. and 8 5urplu$ of £56,014 in Unre5triG*d 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 Rese￿8 to safe8uard contitwity of opetalion5 if incOll￿ Streams ate tcmptirarily I0￿r than expectoj and to ensu￿, as far &8 PO85iblE, s¢¢urity of employtttent for stBff between prOJ￿ts. The Reserves ensure that we are able to meet all of OUT f￿anCIal 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 9￿1 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, A￿JAL 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 SI￿POrt 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 FVZdb￿k 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 Live￿01 Friends of the Earth Friends Pmvident FoutMl&fion AnonYll￿U$ Herwin- F]avowproject Iu5titute for Governan¢e Su5tainabl¢ D¢vclot&ment JOI￿ Swite Charitable Trust Joseph ROy￿tree et￿ltable 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 Live￿00[ Stichting Fe&lba¢k EU StrKiwe. GOVern4n￿ GoverniRzDocMmen¢ Feed￿k i5 a Charitsble company limited by wjarantee. regist¢￿d iTh Engla￿d 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 TTr￿tee resi￿d 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 fllwic￿l risk tnthag¢m¢nt ood makes retomtnendations on ruw￿]81 mattErs ￿ the Board. ThB OprratioJJs CDrttmittee. comprisiug a mini]nwn of two Tn￿re¢s, again meets quarterly to r¢Yicw operational mattcT5 a￿1 m8ke$ recolllluendatioL8 to the Board. RterultsntNt4nÈfAppointhien¢of TrxvtseJ New tDLStees are recruited to me¢t the ski115 Bnd ExpeTiences required by the Gh￿lty. 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 Feedb￿L 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 Intern￿lY ffjd ext¢rDally to mairtsin and d¢v¢lopthetr knowledge and Trustc¢ skills. Feedbaek'$ Senior rnana8emeDt team consist of three diTCCtors (Dirxtor of Pr0￿M¢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 S￿arl¢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 nOnn￿lY reviewed by the StTuor We￿ent 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 ThIs￿eS 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 materi￿lse. PIAll5, budg¢ts and $trale8ie5 are r¢viewed and.approved on at least b￿ls. We hllve a comprEhensivB risk registCT lo identify, ttLiugate. and matw risk5. which L5 reviwed and upda￿d quartrrly by c¥ur %¢nior ILad¢rship tearn aDd board. Th¢ top foyr risks we have currclltly identified, and our appmach to niitigating those ri5k%. arc as follows.. Board r¢pTes¢ntation: We bad identificd our bD2rd'falling bthind. the tcam io tenns of th¢ a￿ti￿ppreSSIve joume>' the 0r&ani52ti0￿ i8 4)n, and its lack of diveT5ity in terms of lived experient¢ of OPPTE5sion as SI￿]1r1ranI risk5 to th¢ tsTganisation l&%t year. W¢ arb proud that we have mitigated tI￿S risk through 2 fv11 team attd board anti-racist training programm¢ this vear. NonLthelc5& our boatd not being repreSen￿tive of our kty bcneficiarie5 ￿￿4]n5 an Dngoillg risk to be mallag¢d tt￿OUgh futu￿ r¢cruitslleot and other ways 10 bring diffwent voices to organi$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￿¢t￿ring. WE al￿ayS $cck to divcTsify' our fund5. Secure unre8tricted funding frDm donations, charge organisational Dvcrheads from projErt fill￿r$, 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 progra￿e$ from our fjjnders. rather than fimdtllg for spccifLC projcct8. Smff heality wcllbeiog, absences.. HEalth 4t￿ weUb¢ing issue5. linked to Covsd, post-viral &yr*drome. 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 c0￿MI￿lty group5. somc overs¢a5. Some in the UL some incorpDTated. other5 ￿￿OrMal. These collabordtions and local SPiD-0￿5 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 FEEDBAcKLI￿lTED TRUSTEES, ANNUAL REPORT IfNCLUDfNG DIREcfoRS' REPORT) (Continued) FOR THE YEAR ENDED 31 DECEMBER 2023 Charity nw: Global Feedback Limited{known 85"Feedback ch￿Sty registration number.. II5S064 Company regi5trdtion nutnbcr.. Re8isteted and prU￿1paI office: 08530711 Office518 Unit 10 The High Cross C¢ntre FountayTte Rtsad L4)ndoo NLS 4BE DlrÉdoTh Trntrees The Board of Tn￿teeS constitutss directors of the comwy for the pU￿ose 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￿-A￿ell No ttustee r￿elVed any reMun￿atiOn 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.. c1ri￿mi]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 co￿er￿tiVe 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 s￿em￿nI ofthe Trust¢e$'Respon¥ibilil The trustees (who are a]so directors of Global Feedba¢k LimitBd for the purposes of cotnpany law) ar¢ respons￿1 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 A￿oUnting Practice). Company law requires tbe trUst￿S 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. prep￿ing 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 CoMp￿Y will continue in operation. The trustee$ ￿ r¢s￿nSible 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 w￿lCh 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 ￿f0M￿ti1)￿. This report has been prepared in a¢¢ordallce with the specio1 provisions r¢I￿l￿g to small comwi¢s within Part 15 of the Companies Act 2006. On F*half of th¢ b)ar (LOI Ruth Cha￿bets Dire¢tor and Tn]5tee Morrison r ond T￿51¢¢ 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 si￿Lficall1 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 cotnr*any'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 end￿1. have b¢En properly prepared ￿ aCcord￿ce with UDited Kingdoin GMer&lly Accepted AccountiDg PraGticc,' and have been properly prepared in a¢Cord￿¢ with the requirement of the Co[￿Pa￿l¢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 fin￿l¢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¢ntif*d ally outer1￿ uncettainties relating to ￿¢nts or rJJllditions that, It￿1VIdUallY 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 f￿￿CIal 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 5￿tiOnS ofthis rcrK>rt. Other irforwwlio other information comprises the Inforn￿tii>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 r￿1 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 Ill￿￿515t¢￿GlrS Dr apparent material Mi￿nent% requir¢d to detetmine whetherthi8 gives rise to a tDaterial misstatetllent irl the fir￿n¢la1 5tatrtDents th¢m%1v￿. 1£ b￿d 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 prepar￿1 is consistent with the fJnanci21 st8temcnts" and the d]rf￿r￿, 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 8￿d 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 resrx*nsible 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 reSpw￿lbili<1vl￿0r the ¢Mdil ofther￿ul1¢￿I$/nle￿Ètsts Our objcctiv¢s are tD obtsin re&8onable ￿Ur82)CE about whether the statements &8 a whole 2r¢ free fro rnatcrial missw¢llLent. whether due to fraud or error, and to issue an auditor'5 report that tn¢ludes our opiniorL R24sonabl¢ assurdnce ts & high level of assurance, r5 not a guarant¢¢ that an audit ¢onducted in accordanc¢ with ISA5 (UK} will always detect a nmterial misststETneDt when it ¢xist8. Misstsi¢ments can arise from fraud or ermr and are collsi(f¢r￿ material if, individua]ly or ID the Bg8rcga*. they ¢ould re￿llablY b¢ exF<¢led to Influ￿¢¢ the otwmic d¢cisions of users takett on the b&8ts of th¢5e financia] state]nents. trreEularitic8. including fraud. are Instances of noz]vision5 of oth¢r laws and re8ulations that do not have a direct effect on the financia] statemEnts but ¢ompliaDce with which might be fundamcnts] to the charitable compaDy's ability to operatr or to ivoid a material penalty, including th¢ General Data Protection Regulation {Cif)PR), Anh-frBiid, brihe.ry al ¢orruptM)n le8i$latiorL T￿ation legislation and Employnent kgi51ation" we &8sess¢d the extem of compli8nce with laws and regui4tion5 identifThl above through makillg enquiries of management and inspt¢tiD8 legal ¢OTrespondente; and identified laws and regu13tii)n5 were c¢)mmuntcated witbin the audit team 8od th¢ te￿ rem8irted alert to instances (pf non-complianee throughoutthe audit. 15 TO TKE MEMBERS OF GLOBAL FEEDBACK LIMITED We assessed the susceptibility of the charitable comp?￿y'S fJiJauciaL 5tatetnents to rnateriY41 mi55tstem¢nL i￿ludIng 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 ttonllLpanie5 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 fi￿dS 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 fi￿d3 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 a￿1 the S&￿t￿eAt dth itl writiDg. If therE are conditions at￿ched 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 inc0￿e 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¢ th￿lty 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 rma￿lI] 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. InCor￿e 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¢ reco￿ls¢d at fa￿ value when th¢ charity has entitiemcnt aft¢r 8ny perforniancc conditions havc been mer. it i5 PTobable that tFke 1￿Com¢ will be received and the aDWUnt Can be measurnl r¢liably. If entitlement is not mctthcn these amounts are deferred. Interest income is r￿08n1$ed when ￿1vable and the amount ¢all bB M￿U[ed reliably by the O￿lty. this is normally upon notification of the interest paid or payabl¢ by thc Bank 1.5 Erpendl(UTe recognifion Expenditure is recogoised on an xcrual basis whcr¢ there is a le881 or ￿nStructIve obligation to make ptymcnts to third ptiThe$, 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 fi￿dS ctsjnprise the costs incu￿ed 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 eXpendi￿re represents those ite￿5 not falling into any other beading. Irrecoy￿b]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. f￿ance and govemaffte ¢05ts. They are incurred di￿llY 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 r￿Sing 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 ￿￿o￿nt. 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 recO￿lsed attheir 5ettl¢ment 8mouttL 21 NOTES TO THE FtNANCL4L STATEMENTS IContinlleAf) FOR THE YEAR ENDED 31 DECEMBER 2023 J.10 Pr0virio￿ Provisions are reCO￿￿ed 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 F*nefrt5 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]]0￿￿141 Activities on a straight line b&si5 ovcrthe PUiDd of thc le&se. 1.12 P¢rtslo NEST op¢rat¢s & def￿¢d contribution ￿￿er￿c 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 initi￿lY r¢¢owLis¢d by applying to the foreign CU￿£n¢Y 3motsnt the $￿t hange ratr bthyecn th¢ fAUJGtiotwl GU￿enCY 2nd the forei￿ currency atthe datc of the tratL5actitsll. Monetsry assets and ]iabilitie$ 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 fro￿theSe 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 &fill￿tion 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 p￿0d 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 (2￿22 - £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 attribu￿ble to Dnre5tricted fiu)d& <0 Incomefrojn Olher T￿￿￿RA&￿V￿1s1 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 sTATE￿￿NTs (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 STATEmE￿￿s (C4)ntiThued) FOR THE YEAR ENDED 31 DECEMBER 2D23 7.1 c￿l¢able Activities 2022 Actsvities undertaken dIreC￿Y 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$4robic Digestion) 810 Eco-Talent 111557 Notr¢ Pois8Qll 133.770 S¢¢ding Repatations 9.414 ADti-Oppr¢ssion LearDin8 16,356 UK GovErnment Leyl Chajlenges 27.L80 Bolanic (Aardens Consu]tation ltttsrt￿tiOTr 2.765 Btomethane Project 156 1,860 11,077 74 317 204 1,463,998 100,118 10,519 1.574,635 7.2 Of th¢ £1.738.126 expenditUTe in 2023 (2022- £1,574,635), £1.691542 (2022 - £1,421264) w&8 attribu¢&ble to r¢stricted funds a]￿ £46.58412022_ £153.371) was ottributable to unrestrictrd fiuth. &0 AJwlyJis ofS4PPOrt8Nd Govm14nce Costs Support GovernaThce Totsl 2023 Totsl 2022 Premis¢s thd office Communicatiou5 FItiBr￿ profeysiortal Depreciatson Loss on disposal of tsngible fixed a55ets Accountancy and audit fees 50.599 4,020 14.301 5.244 1284 50,599 4020 14.341 5,244 L.284 1&512 76.392 7.443 10,588 5.695 40 16,512 9.120 1.399 75,448 16,552 92,0 110.637 25 GLOBAL FEEDBACKLIMtTED NOTES TO THE FINANCIAL STATEMENfs (Continlled) FOR THE YEAR ENDED 31 DECEMBER 2023 9.11 O¢h¢r ETpendifyre 2023 2022 Net for¢igti exchange loss 6.774 873 Other expenditwe w&g £6.77412022'_ £873) of vthich £2,362 (2021-_£4.92l) was attributabl¢ to re*ricteA ond £4,412 (2022- £5,794) was attributable to UDte5tri¢t¢d SJnd8. IILO NetIncomd(Erpenth¥r¢)l¢plh¢ Yv 2W23 2022 Th&s u Jtatsdafvrclkryng.. Auditor's r¢muneration'. Audit Accounwicy D¢Pr￿lation of tatlgli Jle fixed aS￿ts tA>ss on dispos&i of t￿Ible fixed a58¢ts Operating It￿¢ PP4yn￿ts. Land andbuildings 8.256 .256 5,244 1,284 20.520 4.560 4.560 5,695 35.280 11.0 ondETPtM¢y The tru8tr¢5 w¢re not paid any remuneration or received any other ben¢fiL8 during the year (2022 - nil). The Board of Thst#$ 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 tr￿tee,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 Nu￿ber 2022 NurubEr £60,001- £70.(K)O 12.2 The totsl atthOUOt of employe¢ benefits [￿elY￿ by key llLana￿ent personnel is £11320012022- £135,904). The compaoy considers its k¢y J]wio8ement perso1￿e[ to comprise Kt5 Exttutive Dire¢tyY al￿Fin4￿¢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 ¢qUiv￿e￿I employEc8 I￿¢1￿1¥ng c*sual and part time staffj durin8the wiod w&8 85 follow5: 2023 Number 2022 NutnF*r 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 c￿11￿1 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)S￿S 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 ¢r*litors 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 D￿emtr￿r 2￿23 IAO of (Jr#riMbie unrestric￿FUry￿y- Crrnt Year Balwj￿ Incoming (hrt80iDg Transfers Balan¢¢ l Jgn 2￿23 31 Dec 2W23 84.793 168.601 {71649) 139.938) 140,807 84.793 168.601 (72.649) (39,938) 140,807 UprmtrlctedF￿￿1- 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)￿t￿p￿0￿ 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 Bu*ness 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 GrttnW￿h Sustsinabl¢ Feed Bright Fo(yJ Futures OurFish (Notre Poissolll UK Governmejjl t£gai ChalleD8es Meat and Ju*i¢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-Vrevtu￿￿1Od B￿l￿ce l Nov 2021 Itt¢oming (lutgoiThg owces TtHDsftr3 Bdancc 31 De¢ 2022 Sussex SurpLu5 (Brighton (￿ttreaCh) GlcanitigNetworkUK EU Pzrtner5hip5 M￿l 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 s￿tRinable ALuLa] F￿1 Bii8bt FoodFuEut Notr¢ Poissoft UK GoverntDeut tLgal ChalienÈ¢& 1.597,762 (l.415.893} 5,833 338.719 * FLAVOURptOj￿l in¢otD¢ ￿¢ludes ]llRtcbvJ fu1￿ll￿ 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 D￿CT￿PIt0￿ 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 r￿0ver￿n￿ 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 sUperll￿ktts control over 90VJ of the ￿0¢e￿¢S [I￿rket 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 (Contill￿d) 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 lDdeJY￿re 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 B1￿ing￿a￿$hIrc. focu5sed on thc link bctwe¢n food and phy5icoi mentsl health. Fishy Bu5inss Our ¢3mpaign to improve the SUst￿nablI1ty of faJrned fish. es￿¢Id￿Y Sctsttish SlllTDon, thrDugh chaT]ging fish Fced. Gree￿ FU￿￿e9 Green Fuwr¢$ 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 ll￿ing 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 M￿h 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 sTATE￿￿s (Continued) FOR THE YEAR ENDBD 3I DECEMBER 2023 Narne ofrttrthtedfynd DdYcniplioFr, n