2024-12-31-accounts

COMPANYNUMBER: 08530711 REGISTERED CHARITYNUMBEK. 1155064 F00DRIS￿ LTD {fornieTty GLOBAL FEKDBACKLIMrfED) (Company Limited by Guarantee without Share Capitsl) REPORT AND FllYANCIAL STATETrtENTS FOR YEAREIYDED 31 DECEMBER2024

FOODIUSE LTD DADEX TO FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 DECEMBER 2024 Page No. Contents Chair's Ststement 2-13 Trustees. Anoual Report (including Directors, Report) 14-17 Independent Auditor's Report 18 Statement of Financial Activities (including Income and Expendithre Ac¢ount) 19 Balance Sheet 20 Statenlent of Cash Flow8 21-36 Notcs to the Financial Statements This docum¢llt comprlses the allnbal ryort and fmancÈal statements for Foodrise Ltd for the year ended 31 December 2024. Foodrise Ltd is a company limited by 8uarant¢e without share capital fornierly known as Global Feedback Limite(L Charity number: 1155064 Company number. 08530711

FOODRISE LTD CHAIR'S STATETr/tBNT FOR THE YEAR ENDED 31 DECEMBER 2024 Foothise (fornierly Feedback) is an environmental ¢baTity with a distincL national niche as the only UK envimDmental campaigning ch￿lty focused on food system issues. The period covered by the report is one in which we con801idated our role, team and Trsourcing and continued to push boundaries ill line with OUT orgatLisational values and ethos. Our WO￿ cotLtinues to combine a rich n]ix of collaborative projects. Call￿aigning, activism and social enterprise. Wc ￿tivelY seek to move through an anti-racist alld aTrti_ oppressive journey in every aspect of our work. We continued to produce innovative alld impaGthll research, with our 'Blue Empire. ryort detailing the inumct of Norway'8 enorn]ous salrnon fanning industy on CODmiunitie8 in the Global South. r tnost ¢y¢-catcbing GauLpaign focused on persuading high str¢et brand Wagarnama to dTOP farnied sahnon from th¢ir We were delighted to launch a new project on Merseyside with a grant from The National Lottery. Tbis aims to rediscoveT the area's distinct farming and food heTitage and bring it to life for residents of all ages. We added our voice tr) con¢¢rns about the eDvironmental impact of a proposed 'rnega farn], in Norfo]k. Our legal challenge against the government's trade deal with Australia is ongoing and bas taken on a wider importance becaw of the govenllnellt's apprO￿h to key 'access toiustice. principles of the Aarhus Convention. In this reporting p￿10d, three new tsustses joined the Foodrise board: Jenny Briggs, who bTill8s spcGialist ommuDications skills. Tabitha Gillan, a civil servant with experience of major project delivery. and Libby Peake, a recogDised expert on resources policy. We said goodbye to two departing trustees, Odiri Ighamre and Catherine Johnson. The board continues to meet quarterty, supported by two committees wbich focus on financial and operational matters. The higb performi￿ staff tsam, led by Executive Director Carilla Millstone. have continued their excellent and dedicated work to deiiv#r the charity's missio In 2025, we will bc developing our four-year strategy for 202&2030 and launching our new identity, n)arking a new chapter where we're louder, sharper, and more deterniitied than ever to drive systernic change in food and farn]ing. I would like to thank all staff* partners, supporters and donor8 who have contributed to our work, enabling it to have the impact set out in this report. We continue to ensure that our interyentions are tsrgeted for the greatsst impacL working strategically at key leverage points and inspiring people and partners to act to bring about ecological renewal and food justice. Ruth Chambers Chair ofthe Foodrise Board of Trustees

FOODRISE LTD TRUSTEES. ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their aDnuai report and fmancial statements for Foodrise Ltd (also known as Foodrise) for the year ended 31 Decenlber 2024. The trustees bave adopted the provisions of the Ststement of Re¢onllllended Prnctice (goRP) "Accouniing and R¢Frf)rting by Clwities" (FRS 102) in preparing the amiual report and fmancial statemcnts of the charity. The financial statements have been prepared ill accordallce with the accounting policies set out in the notes to the a¢¢ounts ar￿ comply witb the Memorandum and Articles of Association, the C]wities Act 2011, the Companies Act 2006 and AGcounling and RetM)rtin8 by Cljarities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finan¢ial R￿Orting Standard applicable in the UK and Republic of Ireland published in October 2019. Objectives The clwity's objectives are 8pecifi¢ally restricted to the following: the conservation, prot¢GtioD and improvement of the physical and natt￿al environment, for thc public benefit, including the promotion of biodiversity and sustainable land use, the advancement of the education of the public, for the public benefi¢ in sustsinable development and the conservatioffj protection and enhancement and rehabilitation of the physi¢aJ and natural envimjjmellt, in particular regarding biodiversity and sustainable land use and the promotion of study and research in su¢b subjects provided that the llsefi￿ results of such Studies are disseminated to the publi¢ at large, the promotion of sustainable development for the benefit of the public by: a) the pres¢ryation, conservation and the protection of the envirot)ment and the pnthnt use of natural b) the relief of povety and the improvement of the life conditions iJL socially and economically disadvantsged communities. ¢) the promotion of sustainable means of achieving economic growth and regeneration. Sustainable development means "development wbich rneets the needs of the present without compromising the ability of ￿t￿re generations to meet their own needs" The prevention or relief of povety in the United Kingdom by providing grants, items and services to individuals in need andlor charities, or other orgallisations working to prevent or rcliev¢ poverty. OurApproach We are thiving change througb a unique campaign style geared towards engaging and mobiiising citizens, changing businesses, transforn]ing nwkets and updating outdated policy and regulatory frameworks. We believe the transttion to a food system wbi¢h provides nutritious food for all on a fair basis while regen¢rating nature, will require Changes to culture, markets and government. To move beyond discrete xnitiatives and effect systemic change, we seek to upscale, support the repli¢ation of our work by other organisations and widely disseminate the ffftdings of our work to broad and diverse audiences, and to anchor and legitfftmise our work in the dominant institutions and legal frameworks. We are proud of our ability to reach people from all wa]ks of life, including those for whom engagement with our work is their st foray into environmental and food system activis￿ We are successful in our work when we can point to bow we have moved beyond a specific proj¢¢t to wider cultural, economic or legal change. We arrange our Ivork aromnd five broad areas of Interventlon: We delegltlmlze corporation5: we do this by challeDgiDg CO￿OI8t¢ practice, the corporate model and global fllwice. We ideats and Yddvocate for pollcy change and regulation: we do this through research, action research, academic partnersbips, stratsgic litigation, parliamentary advocacy.

FOODRISE LTD TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 . We nurthre community Vdgeney: We do this tbmugh educational pmgrammes, creating employment al￿ experience opportunities, participatory researcty piloting regional programmcs. We widen our circle of Ydllies: We do this througb convening people and organisations, building alliances and coalitions, supporting ttLe Work of oth￿S througb re-granting. We chaThge culture aDd public discourse: We do this through strategic media WOTk. playfi]I social media con)munications, seeking to model the world we want to see in our practice. Our Change Agenda and activities As the need for radical transforn]ation in the food system bec0n￿8 ￿OrC urgetLt and ullequivocal, Foodrise's work becomes more necessary than ever. 2024 was an excellent year for Foodrise with some significant progress and victories across all our areas of Work. As iti previous years, we have ¢ontinued to work closely with our sister organisation in the Netherlands, Feedback EU. We have continued to respond to a wide range of government consultations across our areas of expertise and have ¢ontinu¢d to enjoy very impa¢tful rn¢dia Goverage in both general and industy medi& We also conducted significant internal work in view of a brand refresh and reiaunth in 2025, when we will also be conducting a strategic review and develop our strategy for the period 2026-2030. Throughout 2024, we have worked on the folloFAng areas of work: SugarPollution Our campaign to stetll soil depletion and environmental pollution in the UK and improve health by reducing the amount of land devoted to sugar beet cultivation. Anaerobic digestion/biomethane Our campaign to avoid the use of land intensive animal reaTitig and sutplus food for energy generation by refonning the policies that shape the anaerobic digestion industy. Destructive aquaeulture Our ¢ampaigTL tQ irnPTove the sustsinability of seafood through moving consumption away from fed aquaculture to unfed species and changing feed, with a specific focus on carnivorous faTllLed fish, especially salmon. Aquafeed andglobaljtsstice OUT parthersbip prograrnrne with Feedback EU, seeking to Teduce the threat to lives and livelihoods of aquafeed supply chains in West Africa. Trade OUT work to ensure trade 8UPPOrt8. rather thall hinder4 th¢ meeting of environmental, climate and health goals. Food wayteprevention Our Ca￿PaIg￿ to tackie the Toot and systemic cau8es of food waste. ¢sp¢cially through policy illterYeDtions. Meat and dairy consumption reduction Our campaign to drive reduced meat and dairy consumption to n]eet climate target8 througb poIicy ¢baDges and Changes in food environments alld the Practices of retsilers. Global meat and dairy corporations and theirfinanciers Our campaign aiming to delegitimise and defi]nd the industrial livestock industy and its fllMllciers.

FOODIUSE LTD TRUSTEES, ANNUAL REPORT ONCLUDING DIRECTORS, REPORT) (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Seeding reparations Our progrdtDme of work seeking to develop the partnerships and common understanding of a reparatory justice framework for the bistorical hatms ¢aused by British agribusiness. Our progran]me of work creating opportimitics for young people in the progressive food. fallt]iThg aud W￿lronMental S￿t0[. FoodandRacialJ¥stice Our progrdTt]m¢ of work to build links betwe¢Th environmental, food and farnjing al￿ raciat justice organisations. ght to Food Our progratnme of work seeking the enaciment of the right to food in the UK, through increasing aC￿S to nutritious food among low-income ¢omrnunities RegionalFoodEconomies Our programme of work 5eekin8 to build stronger commuDitie8 around food, ￿lD& processing through the development of community anchored social enterpris Future Outlook- Foodrise Ltd In 2023, we reaffimicd our vision and values -solidatity, audacity, collaboration. impacL ￿lebration-, and refreshed our strategic framework aad outcomes. In 2024. we ¢onth￿ted significant internal work ID view of a brand refresh and r¢lauDch in 2025, when we will also be conducling a strategic revtew and develop our stratsgy for the period 202&2030. We will be changing our ll&￿e and rebranding to better reflect who we've become since our beginnings. While we started with a strong focus on food waste, we've grown into a bold and ambitious orgaDisatioD tackling a wide range of critical issues across the food system - from gr&8smots action to legal challenges. This new identity will align our outward look with our inner values and vision, marking a new chapter where we're louder, sharper, and more detern)ined than cvcr to drive 8y8kmic change in food and fannitig. Performance andAchievements This year, we have made good PTogress towards our outcomes. IIighlights include: Outcome I: Just supply chains and agroecology will prevail: Glob￿ supply chains fvdrming and fishing contribute to food sovereignty. good livejihoods mitigate climate change and enable nature to thrive Aquaculture Early itl the year. along with our West African parthers, Greenpeace Africa and Norwegian NGO Spire, we launched our Blue Empire reporl uposing for the first titlle the impacts of the Norwegiall salmon industy's sourcing of feed on food insecurity and declining fish populatiojjs. Our framing of feed sourcFJAg as colonial and extractive receiveA widespread coverdge in Norwegian and international pres& including in depth coverage in the Financial Times. Following the report, we coordinated a letter to the Norwegian gov¢rnJnent signed by 39 organisations which was responded to by the government and by industy. This work led to new international p8rtlleTships, including meeting activists from around the world in Poros, Greece. We presented our case for divestment from aquaculture to Triodos and Inte￿ogated T¢sco and Sainsbury's at their AGM on their sahnon aquafee41 sourcing. Blu¢ Empire was included in the European Con]mission's Knowledge for Policy database. We WTOte to the UN special rapporteur on th¢ right to Food, coordinating many allies from West Africa as well as nwine conservation NGOS on the risks of aquaculture souwing on food sec￿lty and rnarine populations. Our letter was well r¢¢eived and its call to a¢tion included in the rapporteur's report for the 55th Human Rigbts Council session. At the end of the year, our West African partnen8 se¢ured a major victory, with the Senegalese government stating it would tighten restriction on Fish Meal and Fish Oil production.

FOODRISB LTD TRUSTEES, ANNUAL REPORT (INCLUDING DTrECTOBS' REPORT) (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Industrlal llvesto¢k This year, we have CODtinued to work closely with partners in the US and globally on industrial livestock delegitimising and defunding, through our participatiotL ill the St(Ip Financing Factory Fanning Coalition. of which we were founding members. We have continued to WQTk in partnership with Friends of the Earth US on 8trategies to defulld meaL sharing data to publish our report Still Butrhering the Planet and theirs. Bull in the Climate Shop, ￿appillg financial flows from European and US bath reSp￿tiVelY into the Tneat industy. Our EU colleagues also published Climat¢ Impact of Big McaL shedding light oll the distinct Tole of J)utch banks such as Rabobank and ABN ArDTO in financing industrial livestock. We presented tbe findillgs from these reports to investors on webinars and banks engaged with our Materi￿S. This year, we have also Tedoubled our effort to counter industry 8Teellwash and to engage with international institutions, which all too often seemed captured by livestock induslry interests. We produced some 'greenwasb briefmgs, on tbe limits of soil carbon sequestration and why GWP * is a dallgeTOUS climate metric. Our statement cautiolling against the adoption of GWP* by governments was endorsed by over 60 international Organisations. Additionally, we organised some 100 civil society groups In support of Prof Paul Behrens and Prof Matthew HayeL calling on the FAO to retract report that mischaracterised their research. We plan to meet the FAO in 2025 to discuss this further. Building on the sÉgnificant success of preventing a legally binding dangerously high biomethane production target in late 2023, our colleagues at Feedback EU made sigDifi¢aDt PrOg￿sS in highlighting the adverse consequences of the biomethane industy to policy Makers, and industy. publishing the widely disseminated report Biomethane from Manure: A Curs4 not a Cure, and organising civil society groups under the Stop the Biomethane Rusb baDDer. We are also really proud to have started work towards the end of the year with our parttters Sustain to support communities in Norfolk affected by plans for a new Us-style megafarm in their con)munity. We have sougbt legal advice to support this work, which we intend to firther develop in 2025, seeking to help to stop this planning applicatio￿ and future applic&tions for large scale industrial livestock units based on the Finch ruling during the summer, which states that Scope 3 emissions rn￿$t be taken into account in pl￿]ng. Building on the momenttmi and part￿erShipS developed through our industrial Jivesto¢k campaigning, we co-hosted the Defijnd Agribusiness gathering that took place in March 2024 near Baltimore with Friends of the Earth US. In the UE we also built the movement for delegitimising corporations througb hosting the justice hub at the Oxford Real Farming Conference. Trade With the massive environmental, food security and Climate justice implications of trade, with both the UK and EU negotiating trade deals, and with relatively few NGOS working on this critical issue, we started a more focused programme of work on trade in 2024. Ih]r colleagues at Feedback EU higblighted that the trade po]icy is at odds with the Eu's food 5UStainabi]ity, especially with regards to the trade in soy, beef and rapeseed in a seri&s of bTiefiDgs and events. In the UK, we presented evidence at the EFRA Committee on food policy and trade. to higblight the risks of lower environmental standatds. imported ¢mi55ions and imports of food of low nutritional value. We were also invited to respond to a consultation on Autonomous Trade Quota (ATQ) for sugar cane imports. These invitations came on the back of our developing expertise on trade justice. following our claim for judicial Teview of the UK-Australia Trade Deal launched in 2023. We were grantsd a judicial review hearing in July 2024, with a full hearing expected in 2025, subject to retaining our grauted cost cap. We are proud that this trade deal is effectively shining the spotlight on issues of offshoring emissions, food security aDd fanner livelihoods and keeping them in tbe news.

FOODRISE LTD TRUSTEES, ATr4NUAL REPORT (INCLUDING DIRECTORS, REPORT) (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Outcome 2: The rlght to good food Ivlll be ena¢ted: All people iyill have secure access to deliciou4 culturally appropriate food that ts nutrltlous and does not cause environmental hann Progre&8 towards this outcome is achieved through ourportfolios of work on dietary change. Sugar, and food waste: Dletary change This year, we Gonlinued to push for ambitious voluntary measur¢s by r¢tsilers to reduce their animal-sourced product offeriDg, while seeking to secure govenlment intervcntion to support the shift to plant-based diets. Our colleagues at Feedback EU secured a major victory early iti th¢ year, with supennarket Jumbo dropping promotions on mea¢ one of our key asks to them during 2023. In thc UK progress with voluntary measures Iw been slower, and we continue to challenge retailer ina¢tion on the dietary transition, despite their public commitments. We aIso mobiiised our partners around a campaign to stop the Agriculture and Horticultural Development Board's 'Let's eat balan¢ed' campaigo, which promotes Britisb meat from public money, generated through a ststutory levy on farniers. We coordinated 43 organisations, academics alld celebrities to write to the ministers with significant media ¢overag¢. We also held our first campaign tsrgeting restaurants this year, with a higbly visible campaign seeking to get Wagamauja to remove farnied saImon from its menw including petitlODS, Stunts, and celebrity backing from Chris Pa¢kbam. This campaign, along with our Blue Empire r¢porL has put the salmon industy on the defensive and changed the narrative around salmon as a '¢lean', h¢althy source of protei Sugar This year, we made good prO￿sS in linking poor diets and environmental impacts due to sugar overconsumption and production. Following the parliamentary lawich of our Sugar Pollution report in December 2023, we had multiple opportunities to engage with policy makers, including presenting our work at the All Party Parliamentary Group's Food and Health Foru￿ as well as building our netwodc through joining the Recipe for Change Coalition a[￿ developing new relationships with groups such as the British Dentsl Association. We responded to several consultations with regards to sugar, health and trade. We also engaged directly with British Sugar, aslung a question at their parent company's AGM in December on soil loss, an issue we will follow up on in 2025. Food iyaste We made significant p￿￿sS on our long-standing campaign to.combat the swurge of food wasfr. JJJ the UK we provided extensive evidence to policy makers, and our evidence was extensively used in parliament to support nlandatory waste reporting. We engaged with Labour's Shadow cabinet on this issue ahead of the elccliou, and with ministers following the election, 8nd are confident that w¢ will see prO￿$S with mandatory food waste reporting dwing the tern of this governmenL We were thrilled to be runner ups in the 2024 SMK campaigning awards, in the 'Best Use of Law, category. for our 2023 legal ¢hallengc to the Consenwtive goveTAun¢nt, which we launched when the government stated its intent to drop its plans to introduce mandatory reporting. In the EU, we campaigned extensively with a wide netwodc of parthers for legally binding targcts to rcduce food MTste. Many years of en8agement led to the adoption by the Europ¢an Union of the world's first ever legally binding tsrget to reduce food waste, with a mandated 10 % reduction in food waste in manufacturing and 200/0 in retaiL food service and household level by 2030. Wbile not the level of ambition we hoped for, tbis is a sigtJificatLt victory for us, which sets a precedent for mandatory rather than voluntary interventions for food demand managemenL

FOODRISB LTD TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTOILS, REPORD (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Outcome 3: Food economles wlll be fair: Communities will have agency to create food eeonomies thf4t are Inclusive, equitable, re5i]ient and celebratory Progress towards this work IB achieved tbrough our portfo]ios of work on fair access to good food, and community ancbored food economies.. Fair access to Eood food We continue our work to build a vibrant food culture rooted in community in our regional pmjects in Buckingbatt￿lTe, Sussex and Merseyside. In Buckingham8hire, we held nmny projects to engage communiti¢s through food al￿ nature coTruection, working with men needing support for good mental health. and with parents and careTS of young people with special needs. We hosted community celebrations at Cbris1mas. workshops on preserving seasonal gluts and on cooking on a budget. In Merseyside. we hosted a very well attended apple day, as part of our lawich of our new progran]n]e of work exploring Knowsl¢y's food aud agricultural beritsge, which we will furtber develop in 2025. In Sussex, we ¢ontinu¢d to host wcekly community rneals at the Bristol Estate Community ROO￿ as well as hostiD8 a support club and nmning community fridge. Community anchored food economies We have continued our work seeking to explore fairer, more resili¢Dt alternatives to the corporate retail model. In Liverpool, our partner social enteTprise, the Alchemic Kitchen, continues to run the Queen of Greens bus, a nlobile greengrocer serving low-income con)munities with limited access to fresb food options. The Queen of Greens has established itself as a novel and effective model of food provision and has received considerable media and policy maker attention. We aTe Conducting a study into its benefits and potential for repjicability to b¢ published in 2025. In Sussex, OUT partner social enterprise catsred many community events with bigh quality food, including using some food that would otherwise have gone to waste. We are proud to continue to create meaningtsl employment opportunities througbout our progran]]nes, all paid at le&8t the living wage. This includes ititernships for racialised young people tbrough our Food and Racial Justice progranllne" social employnlent for neurodiversc young people in Sussex. and internships for young people in the prO￿¢s$1ve food and farming sector in Buckingbamshire. This latter work is part of our prngranllne to support young people into green, food careers, which we are also doing through the delivery of AQA courses in sustainability, hospitality and customer service, delivering horticultl￿aI workshops in schools, as well 18 providing advice at ¢aTe¢rs fairs. As well as this practical work to build alternative food econornies, we are seeking to influence regional policy, sitting on the con]mitt￿ of Good Food Burks and the Northern Food and Farn]illg Board. Throughout 2024, we also worked closely with our partners in Ihe EU to engage direGtly with cornmunitigs on issues surrounding the supern￿rket retail model. This pan-EuTopeall work is led by Feedback EU, who worked closely with communities in MoenvijL a suburb of The Hague, while OUT teatll in Liverpool worked with communities in Merseyside. The findings of this work is feeding into the design of alternative provision models, such as the Queen of Greens. as we seek to put forward con]munity anchored alternatives to supernwkets. Publlc Benefit The tnL8tees confirni that they have complied with the duty in wtion 17 ofthe Charities Act 2011 to have due regard to the Ch￿ltieS Con]mis8ion's general gllidan¢e on public ben¢fiL As per our charitable objects. we are de]ivering publiG benefit primarily through the dclivery of environmental benefits. including preventing deforestation, land consérvation and sparin& greenhouse gas rnitigatio￿ efficient use of resources and biodiversity ¢onservation in the UK and overseas that can be brougbt about through food waste prevention, cbanges to diets in the UK and the EU and better sourcing practices (and other higb-income, industrialised countties to wbich our campaigns are relevant). Success in this object is largely measured through infiuence. policy change and changes in business practice.

FOODRISE LTD TRUSTEES, A￿NuAL REPORT (INCLUDING DIRECTORS. BEPORT) (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 We are further delivering public benefit through imprrig the lives of low-income and marginalised groups. We are doing this through providing better nutrition for those suffering from food in5eauity, through diffcreut inittatives, such as loW￿08t cooking work8hops, community meals and bringing fresh produce to areas lthing in access to nutritious food provision. We are furtlLenllore doing so through our media and policy work to support access to nutritious food. We are firtber prollloting participation in public life, including creating pathways to enwloymenL for diverse and disadvantaged groups. ￿peCiallY young people, thereby promoting wellbein& opportunity and community cohesio We are also prOn￿tillg public education on good food thtough W0￿b0p8, (tsgitsl content and media. FUrthern￿ we are helping to bring about sustainable development through our pilot projects ill the Nortb West aud in the South Fas¢ which aim to brtng about a food econ0￿Y that benefits local coll]murrities, seryes loGal institirtii)ns and protects the environment. Fundra￿ing Standar&f Informalion Foodrise is con)mitted to fimdraising best practice. We follow the Fundraising Regulator's Code of Fundraising Practice. including the GeoeTal Data Protection Regulations. introduced in May 2018. Our staff maintain a considerate. utiintrusiv¢ approach to fundrnising and do not undertake cold-calling or employ third parties to raise funds. Foodrise ¢njoys a very good relationship with its supporters and fUlld¢￿ and no wmplaints have been receiYe(L All fundraising activity is reviewed quarterly by the Audit Committee. Financial Rewew Income dwillg the year w&8 £1,942,340 compared to £1,737.330 in th¢ previous p¢riod and marks anoth¢r strong year in ternis of fimding. Project-related restricted income was £1,805,894 compar￿1 to £1,568,729 for the preceding perio4 and unrestricted income w&8 £136,446 Compared to £168.601 in the Previous perio<L Expenditure during the year was £1,531,579 compared to £1,766,553 in the previous period. Pmject-related restricted expendith for the year was £1,380,482, a decrease of £313,422 from £1,693,904 in the previous year. Project-related restricted expendittwe in the year includes payments amounting to £397,385 to partller organisations, enabling us to incre&8e our project expertise and capability, and therefore our overall impact. Payments to partners in the previous period were £550,796. Unrestricted expenditswe in the year was £151,(197, and in addition. transfers amounting to £27,414 were made from Unrestricted reserves to support projects. In the previous period, Unrestricted expenditure was £72,649 with transfers arnounting to £39.938 made from Unrestricted reserves to support projects. As a resulL we report a sutplus of income over eXpendItt￿e during tbe period of £410.761. This overall surplus call be broken down to a surylus of £425,412 of Project-related restricted income over expenditure durlng the perio(L and a deficit of £14,651 in U￿eStrICted funding. Total reserves at 31 Decenther 2024 to￿l¢d £805,050 (2023: £394,289) comprised £706,308 of project-related restricted reserves (2023: £253,482) atld £98.742 of UTJrGstsicted [￿erveS (2023: £140,807). The level of Unrestricted reseryes fell very s]igbtly below our Reserves Policy (see below) at year end but are comfortably within our policy requirements at the date of signing these accounts. Staff Costs re￿￿]ll our largest area of expenditurc. Th¢ total staff costs for this period were £799,944 a decrease of £13.027 (I.60A) over the comparative figure for the prec4]mg period (£812,971).

FOODRISE LTD TRUSTEES, ANNUAL REPORT (INCLUDING DIIiECTORS' REPORT) (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Reserves Poli Foodrise's reserves policy, adopted in 2023 is as follows: We maintsin Reserves to safeglwd continuity of operations if income streams are temporarily lower than expected and to ensure, as far as possible, security of employment for staff between pmjects. The Reserves ensure tbat we are able to meet all of our fillanci￿ commitments at all times. We will maintain Unrestricted reserves in a range of between £IOO.000 to £215.000, with ￿s￿v¢S peaking at around £215,000 oll receipt of fill￿& from our tnain fi￿der. and those reserves then reducing dowD over the COUTse of the ye8r to around £lOO,000 by the tim¢ of the next funding. This policy will ensure that we have at least 6 months. cover of Unrestricted costs at all times and so protects the financial status of the organisatioL" Unrestricted reserves at the date of the signing of these accounts are within the range set out in the Policy. Going Concern At 31 December 2024 our bank balances totalled £639,315. Thanks to the support of our ftllthrs and the impactful woth done by our te￿ along with our strong f]naDcial plaDning and management, w¢ are very ¢onfid¢nt that we will continue as a going concern for tbe 12 rnontbs following the date of this report and beyond. Principal Funding Sources Foodrise is grate￿1 for the support of a number of individuaK trusts, foundations, partner NGOS and intenmtional orgaDisatioTJs. The institutional fi￿derS of Foodrise in 2024 were: Aylesbury Town Council Beaconsfield Old Chur¢h School Cbarity Big Lottery Coll)munity Fund.. Climate Action Fund Brighton & Hove City Council Brighton & Hove Food Partnership Buckinghamshire Council Challging Ideas Charities Aid Foundation CSF Fund- Tid¢s Foundation DASH Water Department for Work & Pensions Livv Housing Group Merseyside Recycling and Waste AUth￿lty (MEiWA) National Heritage Lottery Fund Oak Foundation Olio Rauch Foundation Resourcing Justice Rockefeller Philanthropy Advisors Rothschild Foundation RSF Social FinaTLce (Rudolf Steiner Foundation) SILared Assets CIC EF Desmog Ecotricity Group Limited EnviroDmentsl Funders Network Esmee Fai￿aIrn Foundation FaTming the Fulwe Feeding Live￿001 Friends of the Earth Friends Provident Foundation Heart of Bucks John Swire 1989 Charitable Trust Joseph Rowntree Charitsble Trust Khepera CIC Stichting Feedback EU Sussex Community Foundation Sustain The Big Give Trust Ltd The Ernest Kleinwort ChaTitable Trust The Evan Cornish Foundation The Moondance Foundation The Social Cl]ange Nest Th¢ Waterloo Foundation Tid¢s Foundation Tiny Beam Fund And those wbo wish to Tem&in anonymous.

FOODRISE LTD TRUSTEES, ANNUAL BEPORT (INCLUDING DIRECTORS, REPORT) (Continued) FOR THE YEAR ETr4DED 31 DECEMBER 2024 Structure, Governance andmanagement Governing Document Foodrise Ltd is a charitable company limited by guarantee, registered in England and Wales (charity number 1155064, company number 8530711) and governed by a Memoralldum of Association dated 25 April 2013, and Articles of Association with amendtuent dated 9 December 2013. None of the trnstees has any beneficial interest in the company. All the tNstees are members of the company and guaralltee to contribute £5 in the event of a winding up. The Board Comprised ninc Trustees at the beginning and nine at the end of the year and tnet four times during the peryod to ¢[￿￿¢ good governance and to obtain assurall¢e over all major issues aff¢¢ting the perfom2ll¢¢ and ￿tUre developments of Foodrise Ltd. Three Tn￿tee$ resigned during the year and thr¢e ncw trust¢es wer¢ appointed to extend the range of experience of the Board. The Audit Con]mittee, now con]prised of three Tn￿te¢s, meets quarterly to review f￿anCial performance aDd financial risk management and makes re¢omm¢ndaliolls on financial matters to the BoanL The Operations Committee, complising a minimum of two Trustees, again meets quarterly to review OperatiOT￿ matters and makes recommendations to the Board. Recruitment 2nd Appolntment of Trustees New trustees are recruited to meet the 8kill8 and experien￿ reqUI￿d by the Charity. Advertisements are placed on our websit¢ and with relevant organisations in order to attract 8 wid¢ variety of suitabl¢ applicants. New truste¢s ar¢ el¢thed by the Board, initially for a three-year term, which ¢an be cxtellded for a further term. Trustees Induction and Tralnlllg Prospective Trustees are sent an infoTmation pack about Foodrise. New Tn￿tee induction is undertaken by the Chair, other Board members and the Executive Director. Trustees are encouraged to use resources pmvided by the Cbarity Cornmission and to netWOTk internally and externally to maintain and develop their knowledge and Trnstee skills. Manydgement fdnd Organisation Foodrise's sellior management team consist of a Deputy Director, two fi￿er directors (Director of Campaigns and Director of Progrdmmes) who report to the Executive Dirertor, who in turn reports to the Board of Trustees. Managers in¢lud¢s an experienced Finance Manager, HR Mauager and Collununications Manager. The tsam further comprises of experienGed staff with a range of skills, Covering the progratllmatic and Manag￿la1 deD￿]dS of ow operation5. Remuneration of stsff Foodrise offers competitive salaries to attract alld retain strong team memb¢rs, within the constraints of being a mid- sized ¢lJaritable orgallisation. We maintain a fair and transparent pay structL￿¢ using salary bands that show the Minimum and maximutn that an employee perforniing a certain job at Foodrise notmally earns. Salary bands are nornally reviewed by the Senior Management Team on an ar￿Ual basis. A new Pay policy was approved during 2024. The remuneration of the Executive Director is approved by the Board and the remuneration of other staff is approved by the Executive Dire¢tor. io

FOODRJSE LTD TRUSTEES, ANNUAL BEPORT (INCLUDING DIRECTORS, REPORD (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Risk Management The Trustees regularly review the risk register, comprising the potential operational, strategic and financial risks that the cllarity may face and confirni that they have &stablished SyStell￿ to minimise suth risks, should they materialise. Plaus. budgets and strategies are reviewed and approved on at Igast au atmual basis. We have a comprehensive risk register to identify, rnitigate, and manage ri8k4 which is T￿l￿ed and UFK18ted quarterly by our senior leadership teatn al￿ board. The top four Iisks we have currently identifie4 and our approath to rnitigating those risks, are as follows: Staff and IM)ard repreSentstIo￿ Due to soll￿ staff and board resignations. our team is less diverse in 2024 than it was in previous years and is not representative of our beneficiaries. This risk is being mitigated by ongoing internal work arnongst both the staff and board team on anti-oppressiv¢ Practice. In 2024. we publith¢d our anti-oppressive statement and action plan, which we are using as a tool for internal accountability. We also intend to eXp￿lment with n¢w recTUittllent prdctices to bring a wider pool of candidates for job and board openings. Income generdtion and competitive environment Our main risk is failure to secure unrestricted fimding, which would leave us with a significant shortfall of fimds in core support, leading to significant organisational r¢structurng. W¢ always seek to diversify our funds, secure unrestricted funding from donations. charge organisational overbeads from project fimders, and op¢rate on a filll ¢ost re¢ov¢ry basis as much as possible. Failure to secure programmatic funding as planned 18 also a risk. Wbile income generated ID 2024 wa8 slightly less than in 2023, we are pleased to hav¢ secured 2 large programmatic grants. Nonetheles4 we are ¢)perating in an increasingly crowded spa¢e, with rnuch competition for fimds. We are seeking to minimise risk of reduced income througb quality delivery of existing programmes and developing stron& long-term relationships with donors. We are also rebranding in 2025 and we are confident that our new identity will present an opportunity for increased visibility amongst donors. Affiliated organisations, alliances, and partnersbips: We are a complex organisation for our size, with several affiliatsd organisations: our sister orgaDisation in the Netherlands, CICS for ow projects in the regions. Moreover, we deliver all our activities in partnership with other civil society groups or community groups, some overseas, some in the some incorporated, others informal. These collaborations and local spin-offs are the Core of our work but present some legal risks, and risks to accountsbility, fundraising* and effectiveness. We are managing these risks through developing tigbt Mous, partllersbip agreements and contracts with parther organisations. li

FOODRISE LTD TRUSTEES, ANNUAL BEPORT (INCLUDING DIRECTORS, BEPORT) (Contftnued) FOR THB YEAR ENDED 31 DECEMBER 2024 Reference andAdminislra¢ion De¢alls Charlty name: FOODRISB LTD (fornicrty GLOBAL FEEDBACK LIMtTED or"F¢edba¢k'? Charlty regllstration number: 1155064 Company registration nwnber: 08530711 Registered and principal office: Office 518 Unit 10 The Higb cro￿ Centre Fowitayne Road Londo N15 4BE Director5 and Trustees The Board of Trnsfres constitht¢s directors of the company for the pury•￿ of company law and lrnstees for the purp08e of charity law. The tru5tc¢s serving during the year and since the year end were as follows: Ruth ￿amb Sarab Morrison Catherine Johnson Dr Darren Hughes Elizabeth Peake Je])ny Briggs Julia Breatnacb Matthew Gould Odiri Igham Sopbie Tuson Tabitha Gillan Vivian Madukeh Treasurer resigned 24 October 2024 appoinfrd 25 July 2024 appointed 25 July 2024 resigned 2 January 2024 resigned 12 October 2024 appointed 25 July 2024 resigned 21 June 2025 No t￿st¢¢ received any remuneration for tTUStees' services during the year (2023 - Nil), nor did they have any b¢nefiGiai interest in any contraGt with the ¢hatity. Executive Director: Carina Millstone Statutory Auditors: Ba￿allt Beardon Limited Chartered A￿OUntants 8 BIackstock Mews Islington London N4 2BT Metro Bank plc I Southampton Row London WCIB SHA Tiiodos Bank NV Deanery Road BristoI BSI SAS The Cowoperative Bank plc PO Box 101 l Balloon Street Manchester M60 4EP 12

FOODRISE LTD TRUSTEES, ANNUAL REPORT (INcLUD￿G DIRECTORS, REPORT) (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Statement ofthe Trustees'Responsibilities The trustees (who are also directors of Foothise Ltd for the purp)ses of company law) are responsible for preparlng the Report of the Trustees and the fll]ancial statements in accordance with applicable law and United TrJngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). CotllpaTLy law requires the trustees to prepare financial statements for each fiThancial pvriod whiGh give a true and fair vlew of tbe state of affairs of the charitable company at the balance sheet date and of the incon]ing resources and application of resources, including income and expenditure of the clwitsble company for the fjnancial period. preparing those fjnancial ststernents, the ln￿teeS are required to: Select suitable accounting policies and then apply them consistendy. Observe the methods and principles in the Clwities SORP 2019 (FRS 102). Make judgements and estimAtes that are Teasonable and prudenl State whether applicable UK AGcounting Standards have been followed, subject to any material departures disclosed and explained in the financial statement" and Prepare the financial statements on the goiDg concern basis unless it is inappropriate to presume that the clwitable company will continue in operation. The trustees are responsible for keeping adequate accountin8 records wbich disclose with reasonable accuracy at aDy time the financial position of the charitsble company and enable them to ensure that the financial statem¢nts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of thc charitsble company and hen¢¢ for taknng reasonable steps for the prevention and detection of fraud al￿ other i￿gular]tiCs. In so far as the trustees aiyare: there is no relevant audit iDforn]ation of whicb the charitsble company's auditor is unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establi8h that the auditor is aware of that inforn￿ti0n. This report has been prepared in a¢¢ordau¢e with thc special provisions relating to small companies within Part 15 of the Companies Act 2006. On behalf of the board //A£-60 Ruth Chamber Chair Matthew Gould Trustee Date." 13

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FOODRJSE LTD Opinlon We have audited the financial statements of FOODRISE LTD for the year ended 31 December 2024 which comprise the Ststement of Financial Activities, tbe Balance Sheet and notes to the financial statements, including significant accounting policies. The fmancial reporting framework that h&s been applied in their preparation is applicabIe law aud United Kingdom Accounting Standards including Financlal Reporting Standard 102 The Financial Reporling Slandard applicable in the UKandRepublic ofIreland (United Kingdom Generally Accept&l Accoulltillg Practice). In our opinion the f]nancial statsnlents: give a true aad fair view of the state of the charitable company's affairs as at 31 December 2024 alld of its incoming resources and application of re￿ources, including its income and expenditure. for the period then . have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been pmperly preparcd in accordance with the requiremellt of th¢ Cornpani¢5 Act 2006. Basisfor opinlon We conducted our audit in accordan¢e with International Standards on Auditing (UK) USA8 (iJK)) and applicable law. Our responsibilities under those standards are fiwtber descnlyed in the Auditor's responsibilities for the audit of the fllwicial statements section of our reporL We are i]Jd¢pelldent of the charitable company in accordance with th¢ ethical requirements tbat are relevant to our audit of the fuwicial statements in the UK, in¢ludin8 the FRC'S Ethical Standar and we have fi￿filled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtain¢d is suifi¢ient and appropriate to provide a basxs for our opinion. Conclusions relaling lo going concern In ouditing the fitwicial statements, we have concluded that the trustees, use of the going concern basis of accounting in the pryaration of the fjnancial statements is appropriate. B&8ed on the WO￿ we have perfornied,.we bave not identified any material uncertainties relating to events or conditions thaL individually or collectively, nwy cast sigDificant doubt on the charitable company's ability to Continue as a going COll¢ern for a p￿10d of at least twdve months from when the financial statements are authorised for issue. Our responsibilities and th¢ Tesponsibilities of the tn￿ with respect to going concern are descnbed in the relevant sections of this report. Other iftfonnahon The other inforn￿tion comprise5 the inforniation included in the trustees, atmual reFK)rL other than the financial statements and our auditor's report thereon. The trustee8 are responsible for the other Anforn]ation contained within the a7￿Ual TeporL Our OPiDion on the fllmncial statements does not cover the other Infon￿tiOn and. excq)t to the extent otherwise explicitly statgd in our repoQ we do not eXp￿S any forn] of assurance conclusion thereon. Tryo￿lbIl1ty is to read the other inforn]ation and. in doing so. consider whether the other inforniation is MaterI￿lY inconsistent with the fmancial statements or our knowledge obtained in the course of the audit or otherwise appear5 to be materially misstated. If we identify matsial inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have perfornie(L w¢ conclude that there is a mafrrial misstatement of this other inforn￿ti0￿ we are required to ryort that fact. We have nothing to report in this regard. 14

rNDEPENDBNT AUDITOR'S REPORT TO THE MEMBERS OF FOODRISE LTD Opinion on o¢her Matte￿pre$Crih*d by the Companles A¢t 2006 ID our opinion, based on tbe work undertaken ill the course of the audit: the inforniation given in the trustees. report (incorporating the dire¢tors' report) for the finanoial period for which the financial statements are prepared As consistent with the fllwicial statements. and the directors. report has been prepared in accordance with appIicable legal requIr￿entS. Matters on which we are required to report by ￿CeptIOn In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audiL we have not identified material misstatements in the directors. reporL We have nothing to report in respect of the following matters in relation to which the Compatiies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kepl or returns adequate for our audit have not beell received from branches not visited by us. or the fillkncl￿ statements are not in agreement with the accounting records and returns. or certain disclosures of tru8tees' remunerdtion specified by law are not made. or we have not received all the inforniation and explanations we require for our audit. or the trustees were not entitled to prepare the financial staternents in accordance with the small companies, regime and take advantage of the small companies. exemptions in preparing the directors. reprt and from the requirement to prepare a strategic TeporL R¢sponslbiiiil¢s oftrustees As explained more fully in the trustees, responsibilities statement sct out on page 13, the trustees (who are also the dircctors of the charitsble compally for the pu￿OSe$ of company law) arc responsible for the preparation of the f]nallci81 ststements and for being satisfied that they give a tme and fair view, and for such internal control as the trustees deterniine 18 necessary to enable the preparation of statements that are free from material misstatemenL whether due to fraud or ermr. In preparing the fJn8n¢ial ststements, the trustees are responsible for assessing the ¢}￿ltable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using tbe going concern basis of accounting unless the trustees either intend to liquidate the cbaritable company or to cease operations, or have no realistic alternative but to do so. Auditor's ruponsibi11ts￿I0r thé Audlt Ofthefvdncialsth¢en￿Kts Our objectives are to obtain reasonable assurance about whether the fU￿ncl41 gtatementg as a whole are free from material misststemen¢ whether due to fraud or ernr, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material rnisstatement when it exists. Misstatements can arise from fraud or error and are ¢onsidered m&terAal if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken oll the basis of these financial statements. 15

INDEPENDENT AUDrroR'S BEPORT TO TE￿ MEMBERS OF FOODRISE LTD Tegularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in Iine with our respoJJsibilities, outlined above, to detect Material misstatements in respect of I￿egUlaTities. including fraud. The extent to which our procedures are capable of det¢cting iregularities, including fraud is detailed below: the engagenwit parther ensured that the audit team had the appropriate cornpetence. capability and skill to identify and recognise any non-compliance with applicable laws and regulations. we identified such laws and regulations applicable from our disC￿$S1On& with trustees a[￿ ottLer rnanagement and from our knowledge aud experience of the sector. we focused on specific laws and regulations which we considered may have a direct ￿terIal effect on the fmancial statements or the operatioDs of the charitable company. including the CompaDies Act 2006, the Charities Act 2011 alld the Clwity SORP (FRS 102). we consider¢d the provisions of other. laws and regulations that do not have a direct effect on the financial staten￿Lts but compliance with which might be fimdamentsl to the charitable company's ability to operate or tt) avoid a material penalty, including the Generdl Data Protection Regulation (GDPR). Anti-fraud. bribery and rn￿tiOn legislatio￿ Taxation legislation and Employment legislation. we assessed the extent of compliance with laws and regulation5 idcntified above through making enquiries of manageDJent alld inspecting le8al ¢orrespolld¢nce; and identified law8 and regulatioDS were communicated within the audit team and the team r¢maincd alert to instances of non-compliance throughout the audit. We assessed the Su￿¢p￿7)I1lty of the charitable Compally's finallcial staternents to material misstatemen¢ including obtaining an understanding of how fraud might occur by: making enquiries of management as to where they considered there was sus¢eptibi]Aty to fraud, their knowledge of actuaL suspected and alleged fraud. and consideting the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through rrtanagement bias and override of controls, we: perfonned analytical procedures to identify any unusual or unexpected relationships. tested journal entries to identify unusual transactions. • assessed whether judgen￿lts and assumptions made in deter￿g the accowiiing estinthtes were indic&tive of potential bias" and investigated the rationale behind significant or unusual transactions. In response to the risk of itregularities and non-COllApliance with laws and regulation4 we designed procedures which in¢ludeQ but were not limited to: • agreeing fmancial statement disclosures to utderlying SL4)POrtillg documents • reading the minutes of meetings of those charged with governance" alld • enquiring of management as to actllal alld potential Jitigation and claims. Owing to the inherent limitstions of all audiL there is an unavoidable iisk that we will not detect all irregularities, including those leading to a makrial misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events alld transactions reflected in the financial statements, a5 we will b¢ less likely to become aware of installces of Doll-compliance. The risk is also g￿ater regarding irregularities o¢wrring du¢ to fraud rather than error. as fraud involves intentional con¢ealment, forgery, Collusio￿ omission or misrepresentstion. 16

INDEPENDENT AUDITOR. S REPORT TO THE MEMBERS OF FOODRISE LTD A filltber description of our responsil)ilities is availsbleon the Financial Reporting Council's website at: www.frc.or .uklOur-WorklAudiLIAudit-and-assurallcelStandariLs-and- idance/StaDdards-and- idallce-for- auditOTsIAuditors-re onsibilities-for-ELuditlDescri tion-Ot"_auditors-res onsibilitie.s-for-audil.as x. This description forn￿ part of our auditor's reporL Use ofour report This report is rnade solely to the charitable company's member4 &s a body. in accordance with Chapter 3 of Part 16 of the CompaDies Act 2006. Our audit work has been undertaken so that we might state to the cbaritsble company. members those matters we are required to state to them in an auditOT'S report and for no other puryose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Glwitablc company and the charitable company's member5 as a body, for our audit worK for this repor¢ or for the opinions we have foTme(L lols Mukesh Khatri Senior sta￿tOry Auditor For and on bobtLlf of BARc}￿T BEARDON LIMITED CharterBd Accountants Statutory Auditors 8 BlacLstock Mews Islington London N4 2BT 17

FOODRJSE LTD STATEMENT OF FINANCIAL ACTIVIT]ES (INCLUDtNG INCOME AND EXPENDITURE AccoifNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Income andEYpendithre Summary Notes Restricted Unrestri¢ted Funds Funds Totsl Funds 2024 Total Funds 2023 Income (md endowmentsfrom.. Donations and legacies Clwitable a¢tiviti¢s Other trading activities Investments Other 183,743 1.599,956 20,464 126,783 310.526 214,860 1,599,956 1,489,836 21,914 30,191 8,213 2,443 1,731 1,450 8,213 1,731 Totsl inwme and endowments 1,805,894 136,446 1,942,340 1,737,330 Expenditsre on.. Costs of raising funds Charitable activities Other 1,138 1,378,539 805 23.439 125.316 2,342 24,577 21,653 1,503,855 1,738,126 3,147 6,774 io Totsl expenditure 1,380,482 151,097 1,531,579 1,766,553 Net in¢ome/(expenditure) 425,412 (14,651) 410,761 (29,223) Transfers bettveen fimds 19 27,414 (27,414) Net movement infyndsfor theyear 452,826 (42,065) 410.761 (29,223) Reconaliation offv Total funds brought forward 19 253,482 140.807 394,289 423,512 Total funds carried forward 19 706.308 98,742 805,050 394289 The statement of financial activities includes all gains and losses recognised during the year. All income and expenditure derive from continuing a¢txvities. 18

FOODRISE LTD BALANCE SHEET AS AT 31 DECEMBER 2024 Notes 2024 2023 FiredAssets 16 6,928 15,784 CurrentAssets Debtors Cash at ballk and in hand 17 384,457 639,315 42,178 547,598 1,023,772 589,776 Creditors.. Amounts falling due within one year 18 (225,650) {211271) Nei CurrentAssets 798,122 378,505 NetAssets 805,050 394,289 Funds Restricted fill￿$ Unrestricted fimds . Genernl fiy 19 706,308 253,482 19 98,742 140,807 Total fimd8 805,050 394,289 These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 r¢latiDg to small ¢ompanies. Signed oll behalf ofthe board of trustees Ruth c1￿mberS Chalr Matthew Gould Tnistee The notes on page 21- 36 fonn part of these financial statements. Company Registration No. 08530711 19

FOODRISE LTD sTATED&￿￿r OF CASH FLOWS .FOR THE YEAR ENDED 31 DECEMBER 2024 Notss 2024 2023 Cashflowfrom operating activitieJ Net cash provided by opcrnting activities 22 85,348 (74,766) C￿hfl0wfrOrn investing activiti Intsrest income Purckne of tangible fixed assets 8,213 (1,844) 2,443 Net cash (used in)Iprovided by investing activities 6,369 2,443 Net inCret￿e in ctuh and c(uh equivalents in theperiod 91,717 (72,323) Cash andctuh eqtsivalents at the be￿nning oftheperiod 547,598 619,921 C￿h andcash equivalents at the end oftheper£od 639,315 547,598 Analysis ofcash and C{￿h equtvalents Casb in bank and in hand 22.1 639,315 547,598 Cash andctLYh equivalffnts at the end oftheperiod 639,315 547,598 20

FOODRISE LTD NOTES TO THE FINANCIAL STATEmE￿[s FOR THE YEAR ENDED 31 DECEMBER 2024 1.0 Accounting Policies The principal accounting policies adopted. judgements and key sources of estimation uncertainty in tbe preparation of the financial statern￿ts are as follows: 1.1 General Inforn￿tiOn and bayiy ofprqiaration FoodTise Ltd is a wivate company limited by guarantee in England and Wales and has no skn capitsl. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £5 per member of the charity. The registered office is Office 518, Unit 10 The High Cross Centre. Fountayne Road, London N15 4BE. The ch&Tity constitutes & public benefit entity as defmed by FRS 102. The financial statements have been Prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting SlandaTd applicable in the UK and Republic of Ireland issued in October 2019. the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Acceptsd Practice. The fjllancial statements are prepar¢d on a going concern basis under tbe hxstoric cost convention. The fmancial ststem¢nts are prepared in sterling, which is the functional CUTf¢DGy of the company. Monetary aE[￿ll￿ts in these f￿ancial statements are rounded to the nearest £. 1.2 Fund accounling Unrestrirted fjjnds are available for use at the discretion of the trustees in filltherallce of the general obje¢tives of the ¢haTity and whi¢h hav¢ not been desigmated for other purposes. DeS]￿ted funds arc unrestrA¢ted fimds earnlarked by the trustees for particular puryjoses. Restricted funds are subject to restrictions on their expenditure imposed by the donor. 1.3 Jncome recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any perfornmnce conditions b2ve been met, the atnount can be n￿asured reliably and it is probable that the income will be received. FOT donations to be recognised the clwity will have been notified of the amounts and the settlement date in writing. If there aTe conditions attached to the donatioll and this requires a level of perfornwice before entitlement can be obtained then income is deferred until those conditions are fidly met or the fidfilment of those conditions is within the control of the GhaTity alld it is probabk that they will be fuifflleiL Dollated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity bas control over the item. Fair value is deterniined on tbe basis of the value of the gift to the charity. For exa￿￿le the amount the cR￿lty would be willing to pay in the open market for such facilities and services. A CO￿eSpOnding amount is ￿0g￿ls￿ in expenditure. No amount 18 included in the fmancial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees. Annual ReporL Incom¢ from trading a¢tivities includes income earned from fundraising events and trading a¢tiviti¢s to raise funds for the charity. Income is received in exchange for supplying goods alld services iti order to rais¢ funds and is recogmised when entitlement has occutred 21

FOODRISE LTD NOTES TO THB FJNANCIAL STATEMENfs (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Furtber detail is given in the Trustees Annual Report. In¢ome from ITading activities in¢ludes income earned from fimdraising events and trading activities to rdi5¢ funds for the charity. Income is re¢¢ived in exchange for supplying goods and services in order to raiK funds and is recognised when entitlemcnt has occurre(L Income from govermnellt and other grants are recognised at fair value when the cbarity has entitlement after any perfornmnce conditions have been met, it is probable that the income will b¢ rcG¢tved and the amount can be measured reliably. If entitlement is not met then these amounts aTe def¢tred. Interest income is recognised when receivable and the amount can be measured reliably by the clwity; this is nornially upon.notification of the interest paid or payable by the Bank. 1.4 Expenditure recognilion Expenditure 18 recognised on an aCCn￿ basis where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlenient will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following headings: Costs of raising funds comprise the costs incurred on activities that raise funds. Expenditure on charitsble activities comprises those costs incurred by the chaTity in the delivery of its activities and services. It includes both Costs that can be allocated directly to such activities and those costs of an iDdirect llatt￿e necessary to support them. Oth¢r expenditure represents thosé items not falling into ally other heading. trrecoverdble VAT is charged as an expense against the activity for which expenditure arose. 1.5 Support costs allocation Support costs are those fijnctions tbat assist the work of the ¢JMity but do Dot directly represent charitable activities and includ¢ premises overhead8, office. finance and governance costs. They are incuTrd directly in support of expenditsre on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to ¢ost of raisiJ)g fimds and expeDditL￿e on charitable activities on a basis consistent wtth use of the resources. 1.6 Tangiblefixed aFJets Tangible fixed assets costing more than £500 are capitalised at cost and depreciated over their estimated useful economic lives Oll a straight line basis as follows: Kitchen container and equipment Computers between 5 ye￿5 to 15 years 5 years 1.7 Debtors Trade and other debtors are recognised at the settlement amounL Prepayments are valued at the amount prepaid. 1.8 Creditors andprovilions Creditors and provisions are recognised where the charity has a present obligation resulting frorn a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors andprovisions are nOm￿llY recognised at their settlement amount. 22

FOODIUSE LTD NOTES TO THE FtNANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 1.9 Provision Provisions are recognised when the cbaTity has an obligation at the balance sheet date as a result of a past evenL it is probable tbat an oufflow of economic benefits will be required in settlement and the amount can be reliably estIn￿te 1.10 Operating leases Rentals payable under operating leases are charged to" the Statement of Finallcial AGtivities on a straight ]ine basis over tbe period of the lease. J.11 Pensions NEST operates a defined contribution s¢heme on bchalf of th¢ charity for the benefit of its employees. Contributions payable are charged in the Statement of Financial Activities in the period they are payable. 1.12 Employee benefits Th¢ cost of any unused holiday entitlement is recognised in the period in whi¢b the employee's 8erviccs are received. 1.13 Foreign currencies Foreign c￿￿enCY transactions are initially recognised by applying to the ftireign cuffen¢y an]ount the spot exchange rate between the functional currency and the forefigll currency at the date of the transaGtion and the gains or losses on translation are in¢luded in the SOFA. Monetary assets and liabilities denominated in a foreign c￿￿enCY at the balance sheet date are translatrd using the closing rate. 1.14 In the application of the ¢harity'S accounting policies, the members of management committee are required to make judgements, estirnates and assumptions about the ca￿ing amount of assets and liabilities that are not readily appaTent from other sources. The estimates and &8sociated assumptions are based on historical experience and other factors that are considered to be relevant. Ackn￿1 results may differ from these estimates. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying alnounts of assets and liabilities within the next financial year are listed below: Cost allocation Support costs are allocated across all chaTitsble activities. Dependent upon each type of support activity. costs are applicd diTeGtly agaiDSt a function or appropriate cost drivers such as time allocations are utilised. The estimates and underlying 18sumptions are reviewed on an ongoing basis. Revisions to accounting estin]ates are recognised in the period in wbich the estimate is revised where the revision affects only that period. or in th¢ period of the revision and futhre periods where the revision affects both cu￿ellt and fiikne periods. 23

FOODRJSE LTD NOTES TO THE FINANCtAL STATEMENfs (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Jncomefrom DonaiioHs andLegaci 2024 2023 94,109 8,133 208,284 38,925 3,935 172,000 Gift Aid tax reGlain 310,526 214,860 2.1 Income from donation and Icgacies was £310,526 (2023 _ £214,860) of which £183,743 (2023 _ £55,952) w&s attributable to restrict￿ funds and £126,783 (2023 - £158,908) atinl)utable to unrestrActed funds. 3.0 In¢omefrom CknitableActivilies 2024 2023 Contractsal payments Perforn]ance related grants 16,650 1,599.956 1,473,186 1,599,956 1,489,836 3.1 Illcome from cbaritable activities was £1,599,956 (2023 - £1,489,836) of which £1,599,956 (2023 - £1,489,066) was attributsble to restricted funds and £DiI (2023 - £770) was atttibutable to unrestiicted funds. O Incomefrom Other TradingAclivilies 2024 2023 Events, catering and cOns￿tanCY fres Rental income 20,834 1,080 23,711 6,480 21,914 30,191 4.1 Income frnm other trading activities was £21,914 (2023 - £30.191) of which £20,464 (2023 - £23,711) was attTibutable to restricted fi￿dS and £1.450 (2023 - £6.480} was attributable to unrestricted funds. 5.0 Incomefrom Invethents Umstri¢ted Unrestricted fimds 2024 2023 Bank interest 8.213 2,443 O Other income Restricted Funds 2024 Restricted 2023 Foreign exchange gain 1,731 24

FOODRISE LTD NOTES TO TIIB FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 7.0 Expendithre on Raising Funds 2024 2023 Staff costs Other fundraising costs 15,875 8,702 20,280 1,373 24,577 21,653 7.1 Of the £24.577 spent on raising fLmds in 2024 (2023 _ £21,653). £1.138 (2023 £nil) was atknlTrutable to restricted fimd8 and £23.439 (2023 - £21,653) was atiTibutsble to unrestriGt￿ funds. 8.0 Analysis ofExpenditure OA ChorilableAdivities Clwitable ACtiVEti￿ 2024 Activities undertaken directly 2024 Support costs Governance costs Total 2024 2024 2024 CoTe activities AgroeGology and Gastronomy School Big Livestock vs The Planet Biomethan¢ Project (Bad Energy) De￿Thd Agribusiness Gatheting DestNctive Diets (Meat Us Halfivay) ECF- Mirror Measures Eco Talent EU Partnerships Fishy Busincss Food and Racial Justice Food Waste (JS) Food Waste Policy & Legal Action 103,260 7,284 21,114 5,092 48,877 135J21 2,205 856 4,852 17204 125,316 7,284 24,342 5,922 51,221 140,667 2,530 2,293 4,763 111,256 89,358 9,816 20.386 3,228 830 2,344 5,346 325 1,437 4,763 13,158 7.635 1,284 2,278 98.098 81,723 8,532 18,108 [11 I Foodspace Bucks 12,688 Fuelling Advocates Initiative 7,296 GleaDing Network UK 262 Green FutUTes 74.801 Growing Knowsleys Future 27,939 Healthy Food Healthy Planet 32,630 Manifesto 2,538 Methwold Megafann 16.303 Our Fish (Notre Poi&son) 317.934 Seabass- Rauch Foundation 16.769 Seeding Reparations 39,882 Sugar Pollution (Too Much of a Bad Thing) 17.955 Su55¢x Surplus (Brigbton Outreach) 107.333 Sustsinable Anirnal Feed 3,038 The Alchemic Kitcben 64,284 The Meat Soil Energy Nexus 84,279 UK Goven)ment Legal Challenges 13,811 1,245 146 27 8.069 3.241 4J30 351 872 8276 2.418 2,081 2,574 14.800 13.933 7.442 289 82,870 31,180 36.960 2.889 17.175 326,210 19.187 41,963 20,529 122,133 3,038 73,692 94,511 14,700 9,408 10,232 889 1.370,212 116,439 17,204 1,503,855 25

FOODRISE LTD NOTES TO THE FINANCIAL STATEMENfs (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 8.1 Charitable Activities 2023 Activities undertaken directly 2023 Support osts Gover]wice costs Total 2023 2023 2023 Cor¢ activities 29,992 Anti.Oppres8ion Learning 147 Big Livestock 144291 BiometlMne Project (Bad EneEgy) 8,426 Bright Food Futures 5,056 COP 26 Advocacy 1,755 Destmctive Diets (Meat Us Halfivay) 141,030 Eco-Talellt 169,644 EU ParLD¢rships 7,363 Fisby Business 114,804 Food Waste Poli¢y & Legal Action 49,492 Foodspace Bucks 19,710 Gleaning Network 8,615 Green Futures 62,745 Growing off Grid 3,942 Livestock Greenwash 8,793 Manifesto 2,696 Meat and Justice 638 Meat Organising 12,107 Our Fish (Notre Poisson) 361,143 Regional Food Economyl Al¢bemic Kitchen 190,978 Seeding Reparations 59,470 Sugar Pollution (Too Much of a Bad Thing) 37,325 Sussex Surplus (Brigbton Outreach) 101,214 Sustainable AnimaI Feed 10,223 UK Government Legal Challenges 94,527 66 16,525 46,583 147 153.824 9,197 5,509 1,755 146,244 182,063 7,363 126,109 51.334 20.832 9.152 65,536 4,006 8,870 2,952 638 12,637 364,470 201,146 61,485 39,997 110,016 10,517 95,744 9,533 771 453 5,214 12,419 11.305 1,842 1,122 537 2,791 77 256 530 3,327 10,141 2,015 2,672 8,802 294 1,217 27 1,646,126 75,448 16,552 1,738,126 8.2 Of the £1,503,855 cIwitable activities, expendittwe in 2024 (2023 £1,738,126), £1,378,539 (2023 £1,691,542) w&8 attributable to restricted funds and £125,316 (2023 - £46,584) was attnbutable to unrestricted fimds. 9.0 Analysis ofsupport and Governance Costs Support osts Governance costs Total 2024 Totsl 2023 Premise5 and office Communications Finance and professional Depreciation Loss on disposal of tangible fixed assets Accountaucy alld audit fees Trustees, r¢Gruitment and expenses 50.840 25.877 29.022 6.106 4,594 50,840 25.877 29,022 6,106 4,594 16,420 784 50.599 4,020 14.341 5.244 1,284 16,512 16,420 784 116,439 17.204 133,643 92,000 26

FOODIUSE LTD NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 10.0 OlherExpend#ure 2024 2023 For¢igm excbange loss 3,147 6,774 10.1 Other expenditure was £3,147 (2023 - £6,774) of whi¢lL £805 (2023 - £2,362) was atthl)utable to restricted and £2,342 (2023 - £4,412) was attributable to UDresLTithd funds. 11.0 NetIneoTAe/(EYpéAdlturé)for the Year 2024 2023 This is stated after charging.. Auditor's remuneration: Audit AGGountan¢y Depreciation of tangible f￿ed assets Loss on disposal of tangible f￿ed assets Operating lease payments: Land and buildings 13,145 3,275 4,594 6,106 20,520 8,256 8,256 5,244 1,284 20,520 120 Tr￿￿ee Remuneration and Expenses The t￿tee8 were not paid any remuneration or received any other benefits during the year (2023 - nil). The Board of Trustees incurred lunch and refresl]ments costs in the sum of £784 (2023 - Dil). The charity in¢wred £nil (2023 - nil) for trustee's recruitmenL No trustee was paid or provided pro bono work during the year (2023- nil). No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the chaLIty during the year (2023 - nil). 13.0 Analysis ofslaff Costs 2024 2023 Wa8es and salaries Social security costs PeDSiOll Costs 721,139 63,022 15,783 732,420 64,189 16,362 799,944 812,971 13.1 One enu)loyee earned more than £60,000 per annum (2023- none). 2024 Number 2023 Number £60.001- £70,000 13.2 Thc total amount of employee benefits received by key ￿￿￿gement personnel 18 £290,204 (2023 - £113,200). The company considers its key matsagement persoDnel to comprise its senior management team. 27

FOODRISE LTD NOTES TO THE FINANCIAL STATEMENfs (Continued) FOR THE YEAR ENDED 31 DECBMBER 2024 I&0 Stafflvumbers The average monthly head count was 24 staff (2023 - 27 staffj and the average monthly number of full-time equivalent employees (including casual and part time staffj d￿Ill8 the period was as follows.. 2024 Number 2023 Number 16.44 19.20 15.0 Toralion Foodrise Ltd is considered to pass the tests Set out in Paragraph I, Schedule 6 of the Finance Act 2010 and therefore it meets the defmition of a C}￿ltable company for UK corporation t&x purposes. Accordillgly, the charity is potentially exempt from tsxation in rwect of income or capital 88ins r¢¢eived within categories covered by Chapter 3, Part II of the Corporation Tax Act 2010 or Section 256 of tbe Taxation of C]wg¢able Gains Act 1992. to the extent tbat such income or gain8 are applied ex¢lu8ively to chatitsble p￿￿Ose5. IfAO FiYedAss¢ts Kitchen Contaill￿ Computers And Equipment Cost At l January 2024 Additions Disposals 17,987 12,642 1,844 (690) 30,629 1,844 (10,738) (10,048) At 31 December 2024 7,939 13,796 21,735 Depreciation: At l January 2024 Charge for the period Eiin)inated on disposals 9,105 2.020 (4.200) 5,740 2,574 (432) 14,845 4,594 (4,632) At 31 Decenther 2024 6,925 7,882 14.807 Net Book Value: At 31 DeGetnber 2024 1.014 5,914 6,928 At l January 2024 8,882 6,902 15,784 17.0 Debtor 2024 2023 Trade debtors Other debtors Pr¢payments Accrned income 10.090 6.627 21.262 346.478 27,229 1,879 12237 833 384,457 42.178 28

FOODRISE LTD NOTES TO THB FtNANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 I&0 Creditors.. Amounts Falling Due One Year 2024 2023 Trade creditors Other crcditOTS Accruals 7,831 36,399 181,420 5392 75,703 130.176 225,650 211,271 19.0 Analys￿ of Choritable Fund Unwtricted Funds- Current Year Balance l Jan 2024 Incoming Resources Outgoing Resources Transfers Balance 31 Dec 2024 140.807 136.446 (151,097) (27,414) 98,742 140,807 136,446 (151,097) (27,414) 98,742 UnrestrictedFunds- Previow Year Balance l Jan 2023 Incoming Outgoing Resources Resources Transfers Balance 31 Dec 2023 General fiJn&8 84,793 168,601 (72,649) (39,938) 140,807 84,793 168,601 (72,649) (39,938) 140,807 Name oft4nrestrtctedfynd De¥cni)tion, nathre andpurposes of thefynd General The'ffte reserves" after allowing for any designated funds. 29

FOODRISE LTD NOTES TO THB FNANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 J9.1 RestrictedFundY- Current Year Balance l Jan 2024 Incoming Outgoing Resources Resources Trn￿er8 Balallce 31 Dec 2024 Agroecology and Gastronomy School Big Livestock vs The Planet Biomethane Proj¢ct (Bad Energy) COP 26 Advocacy Defimd A￿1bUsInesS Gathering DestNctive Diets (Meat Us Halfway) 10,393 28 4.111 (7,284) (24,342) (5,925) 3,109 23.622 (1.454) (69) 692 (3268) 69 51221 254,633 2.530 (51221) (140.667) (2,530) (2,293) (4,763) (111,256) (89,359) (9,816) (20,386) (13,933) (7,453) (289) (82,870) (31,180) (36,960) 22,457 136,423 Eco Talent EU Parthersbips Fishy Business Food and Racial Justice Food Waste (JS) Food Waste Policy & Legal Action Foodspa¢¢ Bucks Fuelling Advocates Jnitiative Gleaning Network UK Green Fuths Growing Knowsley's Future Healthy Food Healthy Planet Livestock Gr¢¢nwash FAatiifesto Meat and Justice Meat Organising Methwold Megafarm Our Fish (Notre Poisson) Seabass - Rauch FoulldatioD (2,150) (2,377) 94,783 12,441 7,998 (7,140) 134,255 82,847 8.934 (582) 14.720 (1,323) 150,728 184,647 18,750 2,200 23,698 6,130 (12,441) 15,387 4,955 2,217 622 53.823 (333) 66,580 118,761 59,540 37,533 87,581 22.580 (462) 6.311 951 462 (2.217) (951) 915 (2.889) 1.205 21.000 325 J26 43.022 53.850 28,987 85,149 (17,175) (326,211) (19,976) (41,963) (20,529) (123,271) (3.038) (73,692) (94,511) (14,700) 3,825 13,476 23,046 19,923 7,995 10,349 14,361 8.036 Sugar Pollution croo Much of a Bad Thing) (7.877) Swsex su￿lus (Brighton Outrea¢b) 48,138 Sustainable Anitnal Feed 2,982 The Alchemic Kitchen (25,484) The Meat Soil Energy NeKUS UK Government Legal Challenges 7.414 333 53 20,000 (2,204) 964 78,004 200,(KI3 16,600 (1,172) 103,288 706 (2,158) 253,482 1,805,894 (1,380,482) 27,414 706,308 30

FOODRISE LTD NOTES TO THE FtNANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 19.2 RestrictedFunds- Previous Year Balallce l Jan 2023 Incoming Outgoing Resources Resources Transfers Balance 31 De¢ 2023 Anti-oppression Learning Big Livestock vs The Planet Biomethane ￿0jeCt (Bad Energy) Bright Food Futur COP 26 Advocacy Destructive Diets (Meat Us Halfway) Eco Talellt EU Parth¢rships Fishy Business Food Waste Policy & Legal Action Foodspace Bucks Gleaning N¢twork UK Green Futwes Growijjg Off Grid Livcstock GTe¢nwash Manif￿0 Meat and Justice Meat Organising 4,335 Our Fish (Notre Poisson) 45,643 Seeding Reparations 15,270 Sugar Pollution (Too Much of a Bad Thing) 12,140 Sussex SuTplus (Brighton Outreach) 33,532 Sustsinable Animal Feed 6,955 The Alchemic Kitchen 1,488 UK GoveTDment Legal Cballenges 32.808 147 27,112 1,415 (1,024) 1.666 6.883 2.021 5.740 67292 (147) (153.830) (9,197) {5,508) (1,755) (146,170 (182,069) (7.333) (126,109) (51.335) (20.832) (9,152) (65,536) (4,006) (11,319) (2,952) (638) (12,637) (364,417) (61,484) (40,017) (110,017) (10,548) (201,146) (95,744) 150,340 6,328 23,622 (1.454) 6,532 20 (69) 22,457 (2,150) (2,377) 94,783 15,387 4.955 622 53.823 161,750 177.898 (784) 153.600 66,722 15,816 5,070 68,715 9,971 4,704 50,644 2,109 7,868 1,897 2,989 9,263 (462) 6,311 951 (915) 14,361 8,036 (7,877) 48,138 2,982 (25,484) (2,158) 1,589 16,650 333,135 54,250 20,000 124,623 6,575 145,674 60,778 (9,263) 28,500 338.719 1.568,729 (1,693,904) 39,938 253,482 19.3 Ivame ofrestrictsdfynd Ducrytion, nature andpurposes ofthefund Agroecology and Gastronomy School Fiscal hosting for the Agroecology and Gastronomy School delivered by Somos Semillas Popular Education Institution. Big Liv￿Ock vs the Planet This project, taTgeling divesttllent fro￿ industrial meat and dwry production, campaigns to reduce the environmental devastation caused by the sector by making financial association with it socially utwceptabl¢. Biomethane Project (Bad Energy) ol￿ campaign to avoid the use of land, animal r¢aTing and surplus food for energy generdtion. D¢fuDd Agribusiness GatheTiDg Building on tbe momentum and p8rts]erships developed through our inthjstrial livestock campaignin& we co-hosted the Defimd Agribusiness gathering that took place in March 2024 near Baltimore with Friends of the Earth US. 31

FOODIUSB LTD NOTES TO THE FINANCtAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 19.3 Name ofrestridedfund Description, nalure andpurpOs￿ ofthefund Destn￿tiVe Diets (Meat Us Halfway) FOrn￿lY Meat Us Halfway- Holding superniarkets accountable for the impaGt of destructive die￿ and to encourage a transition to food environments and business models that favour accessible, affordable foods for hut)]an and planetary health. Raising awarene&s of the environn￿ta1, social and climate impacts of some of th£ most cotllrnonly imported agricultural products in thc NethwlarLds, and campaigning for the inclusion of mirror me&sur¢s in the Sustainable Food Systems (SFS) Law. Eco Talent EcoTa]ent aims to increase dIV￿81ty within the UK envirollmental sector by championing paid work experience placements and training for participants who might otherwise be Unable to access the sector. EU Partnerships Food Surplus and Labour, the ValoTisation of Underused Resources This project aitn5 to address key societal challenges in . the,? Seas" areas bordering the English Channel- food waste al￿ Unempl0￿C￿L This project fjnished at the end of September 2022. Fishy Business Our campaign to improve the sustainability of farmed fisty ¢specially Scottish salmon, through demanding an end to the practice of feeding f￿ned fish with wild-caugbt fish. Food a[￿ Racial Justice Our pro￿Thne of work to build links between enviroDmental, food and farniitig and racial justice organisation8. Food Waste (JS) A project to exposc the 'dumping' of unusable or UDSUitable food waste on clthrities by businesses. Food Waste Policy & Legal Action Legal action to challenge the government's decision to reverse its previous decision to introduce legi51atioll requiring the mandatory measurement alld re￿)rtIllg of food waste in the UK. Foodspace Bucks A collcction ofprojects funded by small gtants from local restricted funds in Buckinghamshire. fOC￿Ssed on the lillk between food and physical and ttlental health. Fuelling Advocates Initative Research project to map the lalld of the world's18rgest industrial livestock companies in partnership with Leiden UniveTSity. Gleaning Network UK 0￿ progrdmme to engage people in ￿ViT0￿mental issues and build community ties. through voluntéer days recovering food SU￿luS from field8 lor ¢lJaritable re4Jistrtl)utio Green Futures Green Futt]r¢s is FoodriBe's youth employability programme for Buckinghamshire. Through it, we work to build the loGal green econorny, address youth unemployment and connect young people aged 11-25 to food, the land and nature. 32

FOODRISE LTD NOTES TO THE FtNANCIAL STATEMENTS (Continued) FOR THE YEAR BNDED 31 DECEMBER 2024 19.3 ]Vame ofrutrl¢tedfMnd Descnption, nature andpurposes of thefund Growing Knowsley's Future This aims to rediscover the area's distinct farnting and food heritsge and bring it to life for residents of all ages. Growing Off Grid Aims to increase access to alternative food production tllethods, in parthership with racial and socialjustice orgaijisations. Healthy Food Healthy Planet This pan-Buropean worL led by Feedbark EU, is engaging directly with communities on issues surrounding the supermarket Tetail mi￿¢1. The r￿dIng5 of thi8 work are feeding into the design of alternative provision models, such as the Queen of Greens in Liverpool, as we seek to put forward community anchored alternatives to 8upern]adcets. Livestock Greenwash Big meat and dairy compatiies ('Big Liv¢sto¢k') in the EU are increasingly pointing to theiT wwing range of commitments, often framed around 'net zero,. We work together to empower climate, media and farming audiences with visual, easy-to- understand infornjation on the bollow climate promises of Big Livestock companie4 enabling them to clearly and effectively call out greenwash. Manifesto A project to develop food system policies to advocats for in the UL and to share these with policyTllakeTS. Meat OrgaDising We undertook primary 8lld secondary research and engaged with grdssroots communities, campaigning organisations and experts in the UL Europe, Nortb Ameri¢a and Global South to deliver a leaming project providing a strong understanding of historical and CUTrent grassroots campaigns against Big Meat, of the success factors of climate grassroots campaigns, and of the scope for replicability against Big Meat ts￿et5 alld a strategy for grassroots mobiLization against Big Meat. This was & joint project with Feedback EU, Brighter Green. Seeding Sovereignty and GreeDFaith. Methwold M¢gafarni Campaigning agatDSt plans for a new Us-style megafarni in n]ral NorfolK in partuership witb Sustain. Our Fisb (Notre Poisson) Our goal is to prevent the power￿1 and growtng fisbmeal and fish oil (FMFO) industry in West Africa from destroying fish Stocks 8nd livelihoods and eroding food sovereignty. This is a joint wojcct vlith Regional Network of West Africa Marlne Protected Areas (RAMPAO), Greenpeace Africa (GPAF). Lancaster University. Destnog, Tbe West African Association for the Development of Artisanal Fisberies (WADAF (ADEPA)) aDd Feedba¢k EU. Seabass- Rauch Foundation Building on our Fishy Business campaign with a particthar focus on Seabass farniing in the Mediterranean Basin 33

FOODIUSE LTD NOTES TO THE FINANCIAL STATEMEwfs (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 19.3 Name ofrestrictedfund Descriplioffj nature andpurposu ofthefund Seeding Reparations . Building a framework thr structural change in the Food System. Food PToduGtion, whith aGGoullts for at least IO% of the global economy, is the single most hauDM activity that have on the planeL The Britisb Empire's Co￿OratIOnS ￿eatsd this exploitative food systeA)] on a bedrock of structural racism and environmental destructiOTL From the enslavement of Blad( Africans, and the indenture of East and South-East Asian workers to labour on plantations in the ncw worl(L Ihe relentless drive for profit led to deforestation to enable the cultivation of onocthturcs and the introduction of invasive species. altering ative ellviroDll￿nts. Then alld now. the industrial food system ontinues to devastate nature, and produce structUTally uneqllal outcomes. This is a joint project with ETC Group and TippiDg Point UK. Sugar Pollution This is a campaign to reduce sugar consumption through supply- side interventions, that is tr) say, reducing the amount of sugar beet priMlu¢ed in the UK to stem soil depletion and improve bealth. Sussex Surplus Sussex sU￿lUs is a pilot social enterprise tsking fresh and surplus food in danger of being wasted and transfonlling it into long-life prothicts and tsty meals. We sell jars of soup wholesale to independent shops, feed the community at our weeldy café in East Brigbton each Thursday and provide catering seryices on request. Sustainable Animal Feed Reducing the global deforestation impact of the livestock industy ill the UK by decreasing the use of soya-based animal fe&ls in UK farmin8 Systems. The Alchemic Kitchen Our Regional Food Economyproject is working in the North W￿t of England to link enteo)rise, education and advocw to help build and nurture a local ftiod economy that feeds everyone fairly and suStai￿b]y. The Meat Soil Energy Nexus DelegitiD]ising and defundiug livestoGk and synthetic fertiliser corporations for globaliustice UK Government Legal Challejws Challenging the National Food Strategy and International Trade AgreeD￿ts where measures to rethice the pr0dL￿tiOn of meat and dairy products are insufficient for heal￿ food, farn]ing and the 34

FOODIUSE LTD NOTES TO THE FINANCIAL STATEMENTS (Continu￿) FOR THE YEAR ENDED 31 DECEMBER 2024 19.4 Fund b￿anceS may be negative when expcndibjre is made on a project that is expected to be reimbursed by fimders, but where, at the end of the finall¢ial periol not all the conditions have been met that would justify this income being rccognised within the a¢¢ounts. This results in an exccss of expenditure over income on some project fimds. At the balance sheet date there were five fimds in deficit by £13,485 (2023 - nine fimds in deficit by £42,946). The t￿SteeS Consider that the likelihood of reimbursement is of sufficient level to justify thc Catrying of these deficit funds at the end of the period. 19.5 The net transfer out of £27,414 (2023 £39,938) from general fiuth represents £27,414 (2023 £39.938) additional funding for restricted fijnds. 20.0 Analysis ofNel Assets between Funds- Current Year Restricted Funds 2024 Urrestricted Funds 2024 Total 2024 Tangible fixed a&sets Cash at bank and in hand Other net current assetsl(liabilities) 4.468 506,789 195,051 2,460 132,526 (36,244) 6.928 639,315 158,807 706,308 98,742 805.050 20.1 Analysis ofNetAssets between Funds-PrevloMs Year Restricted Funds 2023 Total Funds 2023 2023 TangiTryle fixed assets Cash at bank and in hand Othcr net Cll￿t assetsl(liabilitics) 12,124 325,884 (84,526) 3,660 221,714 (84,567) 15,784 547,598 (169,093) 253,482 140,807 394,289 21.0 OperalingLeases- Lessee Total thture minimum lease payments under non-cancellable operating leases are as follows: 2024 2023 Not later than one year Latsr than onc and not later than five years 10,260 20,520 10,260 10,260 30,780 The operating lease has been renewedpoNtyear-end. 35

FOODRISE LTD NOTES TO THE FINANCIAL STATEMENfs (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 220 Reconcilialion ofNetIncome Cash Flow From OperalingArtivilie 2024 2023 Net income for the period Adjustments for: Interest in¢on Depre¢iation Defi¢iV(surplus) on disposal of fixed assets On¢reaseydecrease in debtors Incrcasel(de¢rease) in creditors 410,761 (29,223) (8,213) 4,594 6,106 (342279) 14,379 (2,443) 1,284 50,051 (99,679) 85,348 (74,766) 211 Analysls of Changes in NetDebt At l January 2024 Cash-flows At 31 December 2024 Cash at bauk and in hand 547,598 91,717 639,315 23.0 Related Party Transaclio During the year, Foodrise Ltd provided fijnding of £130,294 (2023 - £203,649) to Stichting Feedback EU, a related paty. At the balance sheet date, a balan¢e of £66,186 (2023 - £71,117) is owed to Stichting Feedback EU and this is disclosed under a¢¢ruals in creditors due under one year. Sti¢htAn8 Feedback EU bad also provided funding of £70,231 (2023 - £2,150) to Foothise Ltd of which £26,140 (2023 - £2,150) was in¢hJded in aCc￿￿d income. FoodTi8e Ltd incutred trnvel costs of £1,837 (2023 - £288.70) on belMlf of employees of Stichting Feedback EU during the year. Ther¢ were no other related paty transactions during the period (2023 - none) aside from donations totalling £nil (2023 - £1,870) received from the tnL8tees during the period and the disclosures in note 12. 36