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← The Festival Energy Revolution

2024-12-31-accounts

ANNUAL REPORT 2024

The Festival Energy Revolution Ltd trading as onboard:earth (A company limited by guarantee)

Report and Financial Statements for the Year Ended 31st December 2024 Charity number 1171961 | Company number 09727842

Onboard.earth is a trading name of The Festival Energy Revolution Ltd / Registered charity no.1171961 / Registered office: Kambe House, 34 Portland Square, Bristol, BS2 8RG

CONTENTS

  1. Statement from the CEO

  2. 2024 in numbers

  3. Aims & objectives

  4. Our programmes

  5. The journey ahead

  6. Legal & administrative information

  7. Financial review

  8. Statement of financial activity

  9. Understanding our reported funds: A note on strategic investment

  10. Board of trustees

  11. Thank Yous

OUR VISION

Events united in environmental restoration

OUR MISSION

Move low-carbon travel into the heart of live events culture

Onboard.earth is a trading name of The Festival Energy Revolution Ltd / Registered charity no.1171961 / Registered office: Kambe House, 34 Portland Square, Bristol, BS2 8RG

1. STATEMENT FROM THE CEO

onboard:earth’s journey started in 2015 as an industry response to COP21, with big ideas and ambitious targets. We set out to engage the whole sector in reducing the environmental impacts of travel - the industry’s most significant impact.

As a community of festivals, suppliers and industry organisations, we have now collectively invested £742,000 in community-scale renewable energy, forest protection, tree planting, ecosystem regeneration and communities most affected by climate change. We aim to reach £1m by the end of 2026!

2024 has been a year of positive change for the charity on multiple fronts.

Transitioning name and brand to onboard.earth

We have transitioned from ‘ecolibrium’ to onboard:earth, achieving a full rebrand and new website as part of the process. The new name and brand has been successfully registered as a trade mark in the UK, and has been well received by our community

Organisational development

We have taken a significant step forward as an organisation, restructuring and recruiting 2 new team members. We now have expertise in the team to focus more effectively on developing income streams and partnerships with dedicated roles; Project Director, Partnerships Director and Marcomms Director. We have the expertise to manage and deliver third party consultancy and research projects. We have also strengthened governance with a new investments subcommittee, with the support of an external certified expert in impact investment.

Diversifying income streams and activity

In 2024 we secured grant funding from Arts Council England and the Welsh Government Events Innovation Fund, to undertake research and develop new resources, received Glastonbury Festival charity funding, engaged a corporate partner for the 5th year, and attracted a sponsor, the most recent edition of the travel guide. We also provided consultancy to Glastonbury Festival, including a travel calculator on their website.

Building support and recognition

We received pro-bono support to rebrand from design agency Mackman, and have been taken on as a charity client by music industry lawyers Lewis Silkins who are providing invaluable advice on trademarks and contracting. Our corporate partnership with Tracsis, a live events traffic management company, will continue beyond 2024, developing an online travel impact reporting platform.

We are incredibly proud to have ended a very good year by being awarded the LIVE Green Award, the most significant accolade in the industry!

I am very happy to present to you the 2024 Annual Report.

Chris Johnson, CEO onboard.earth, June 2025

Onboard.earth is a trading name of The Festival Energy Revolution Ltd / Registered charity no.1171961 / Registered office: Kambe House, 34 Portland Square, Bristol, BS2 8RG

2. 2024 IN NUMBERS

ONBOARD:EARTH ALL-TIME CONTRIBUTION

£745,000 raised for environmental restoration

3. CHARITY AIMS & OBJECTIVES

The charity’s objects are specifically restricted to the following:

To promote sustainable development by:

a) The preservation, conservation, and the protection of the environment and the prudent use of resources b) The promotion of sustainable means of achieving economic growth and regeneration. To advance the education of the public in subjects relating to sustainable development and the protection, enhancement, and rehabilitation of the environment.

Sustainable development means ‘development which meets the needs of the present without compromising the ability of future generations to meet their own needs’.

onboard:earth’s Mission is to move low carbon travel into the heart of the live events industry, and we work with stakeholders from across the sector to:

Our growing community of events, festivals, suppliers, artists and music companies is taking action to reduce the environmental impacts of travel, the largest source of emissions from live events.

We are more effective together, pooling our experience, expertise and resources to help the industry to move forward.

Onboard.earth is a trading name of The Festival Energy Revolution Ltd / Registered charity no.1171961 / Registered office: Kambe House, 34 Portland Square, Bristol, BS2 8RG

4. OUR PROGRAMMES

To support events to acknowledge and take action to balance their unavoidable travel emissions, onboard:earth offers two core programmes.

TREES+ PROGRAMME

The Trees+ is onboard:earth’s dedicated ecosystem regeneration programme. Through Trees+ our members fund tree planting, the protection of threatened habitats, ecosystem regeneration and support for communities at the brunt of climate changes. Trees+ also enables events to offset their carbon emissions through high integrity, community-led carbon offset projects, verified by VERRA, Plan Vivo and REDD+.

Trees+ Project Partners

We are working with four regenerative projects across the world:

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Communitree
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Onboard.earth is a trading name of The Festival Energy Revolution Ltd / Registered charity no.1171961 / Registered office: Kambe House, 34 Portland Square, Bristol, BS2 8RG

In 2024 our offset partner was Communitree, a forestry project in Nicaragua. This project is verified for carbon offsetting by Plan Vivo and is Nicaragua’s largest reforestation project. The project provided offsets for 3,488.1 tCO2e of travel emissions, measured by our event members in 2024. The project also supports a number of sustainable development goals. See more here:

In 2024, our members supported our project partners Temwa to plant 10,813 trees on the frontlines of climate change in Malawi. These trees are planted by rural communities, struggling with extreme weather events which affect their crops and land based livelihoods. The trees provide the opportunity to develop more sustainable livelihoods which rely on tree produce - trees are often more resilient in the face of extreme weather, while contributing to absorbing CO2 and cooling the local climate through increased shade.

This year our members also supported our partner The Rainforest Trust to protect 3,796 acres of threatened rainforest in the Brazilian Amazon. This is safeguarding this unique landscape for irreplaceable wildlife which call the rainforest their home, including jaguars, giant ant eaters and poisonous dart frogs, not to mention countless plants and fungi.

ENERGY REVOLUTION PROGRAMME

Our Energy Revolution programme invests in community-led, community-benefit, clean, renewable energy initiatives across the UK.

These projects help reduce reliance on fossil fuels, benefit neighbourhoods and empower communities to take control of their energy consumption with financial gains.

We prioritise community-scale projects which include community engagement, training opportunities for young people and clean energy education in local schools.

Energy Revolution Project Partners

We now have investments with a total of 10 inspirational community energy projects:

Onboard.earth is a trading name of The Festival Energy Revolution Ltd / Registered charity no.1171961 / Registered office: Kambe House, 34 Portland Square, Bristol, BS2 8RG

Wiltshire Wildlife Community Energy

In 2024 onboard.earth members supported an investment in the Wiltshire Wildlife Community Energy Solar for Silverwood School project. This is supporting the construction of a 521kW rooftop solar array for a co-educational school for 4 -19 years olds. The school provides specific support for students with special educational needs and disabilities (SEND).

Due Diligence

onboard.earth’s Trustee board delegates responsibility for due diligence into our partners to its Investment Committee which meets throughout the year to review impact of existing partners and to undertake due diligence into the operations of any proposed new partners.

This year, we have continued to support climate-positive initiatives led by our overseas and UK partners. Many of these organisations are embedded within communities who are both most affected by and most active in responding to the climate crisis.

We recognise the legacy of colonial power structures in the international development sector and are committed to decolonising our own practice. This means working with humility, acknowledging our privilege, and striving to build relationships based on trust, openness, and mutual learning.

5. ACHIEVEMENTS & PERFORMANCE

onboard:earth - a new name and brand

In September 2024, onboard:earth became the new name for ecolibrium. With a new brand and updated messaging to better reflect the charity’s mission to ‘move low-carbon travel into the heart of live event culture’ and its aim to unite the whole sector in raising funds for environmental restoration.

Onboard.earth is a trading name of The Festival Energy Revolution Ltd / Registered charity no.1171961 / Registered office: Kambe House, 34 Portland Square, Bristol, BS2 8RG

The launch was generously supported by trustee Ed Gillespie, who led the team through the processes of choosing the new brand name and Mackman, a Branding and Marketing Agency, who helped develop our new logo and brand styles on a pro bono basis.

Organisational development

We have taken a significant step forward as an organisation, restructuring and recruiting 2 new team members. We now have expertise in the team to focus more effectively on developing income streams and partnerships with dedicated roles; Project Director, Partnerships Director and Marcomms. We have the expertise to manage and deliver third party consultancy projects.

Diversifying income streams and activity

In 2024 we secured grant funding from Arts Council England and The Welsh Government Events Innovation Fund, to undertake research and develop new resources. We received Glastonbury Festival charity funding, engaged an annual corporate partner for the 5th year running, and attracted a sponsor for the most recent edition of the Green Travel & Transport Guide for Live Events. We also provided consultancy to Glastonbury Festival, including developing a travel calculator on their website.

Building support and recognition

We received pro-bono support to rebrand from design agency Mackman, and have been taken on as a charity client by music industry lawyers Lewis Silkins, who are providing invaluable advice on trademarking and contracting. Our corporate partnership with Tracsis, the UK’s leading live events traffic management company, will continue beyond 2024, developing an online travel impact reporting platform.

Our reach and reputation continue to grow, with onboard.earth regularly featured in trade press, significant attendance at webinars, and

We are incredibly proud to have ended a very good year by being awarded the LIVE Green Award, the most significant accolade in the industry!

Impact - our future

In total, we supported our members to offset 3,639 tC02e through a verified Plan Vivo project working with communities in Nicaragua. In addition, a total of 10,813 trees were planted by communities in Malawi, through our partner TEMWA and 3,796 acres of threatened rainforest was protected for the long term thanks to our partnership with the Rainforest Trust - all through our Trees+ programme.

Through our Energy Revolution programme, onboard:earth members enabled investment into the WWCE Silverwood School solar project, providing renewable energy for SEND pupils plus a fund for local residents to deliver projects to enhance local biodiversity.

We also worked with a range of suppliers including festival coach suppliers Tuned in Travel and The Big Green Coach. These partnerships enabled the companies to balance the travel emissions generated through their coach travel services for festivals and help them move towards net zero status in their business operations.

Onboard.earth is a trading name of The Festival Energy Revolution Ltd / Registered charity no.1171961 / Registered office: Kambe House, 34 Portland Square, Bristol, BS2 8RG

UK Live Event Industry Engagement in 2024

Corporate Partner

Tracsis, a leading provider of software, hardware, data analytics/GIS and services for the rail, traffic data and wider transport industries, joined onboard:earth as our corporate partner in 2024. We are working together in 2025 to develop an online platform to enable the live events industry to manage and report their travel data

Joining the Carbon Accounting Alliance (CAA)

In December 2024, onboard:earth became a member of the Carbon Accounting Alliance (CAA), a coalition of 500+ organisations who collectively represent 85,000+ company carbon footprints.

onboard.earth is a member of the music working group, and participant in a workshop to design a GHG protocol for live music in the Netherlands.

The partnership demonstrates our commitment to collaborate on solving challenges faced by our industry and to promote the development of robust standards and regulation and to support our members to follow and share best practices when it comes to taking climate action.

Governance

Industry sustainability expert Liz Warwick remains Chair of the Trustees. As a qualified chartered surveyor (MRICS), BREEAM AP and assessor, RICS Ska rating assessor, WELL AP, Fitwel Ambassador and Energy Consultant, lead for sustainability at Cambridge Folk Festival, she brings a wealth of experience and expertise to the board.

Onboard.earth is a trading name of The Festival Energy Revolution Ltd / Registered charity no.1171961 / Registered office: Kambe House, 34 Portland Square, Bristol, BS2 8RG

Wayne Lee remains as Treasurer. He is an ACCA qualified accountant with nearly 30 years’ experience in the profession, starting in practice before moving into industry with both SME’s and large multi-national companies, within different sectors. In 2019, he studied sustainability with Harvard Business School online, to further his understanding within this area, knowing that finance can play an important role in this critical issue. onboard:earth are delighted to have Wayne’s expertise in this role.

In 2024 we strengthened governance around impact and investments with a new investments subcommittee, supported by an external expert in impact investing.

6. LEGAL & ADMINISTRATIVE INFORMATION

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024.

Reference and administrative details

Registered charity name onboard:earth

The Festival Energy Revolution Ltd trading as

Charity registration number 1171961

Company registration number 09727842 Principal office and registered address Kambe House 34 Portland Square Bristol BS2 8RG, UK

Trustees

R F Bond E R Gillespie C S Johnson B D Robinson C Rutherford T Smallwood W Lee J Parish G J Brown E J Warwick

Independent examiner

Paul Cridland FCA 61 Macrae Road Ham Green Bristol BS20 0DD

Onboard.earth is a trading name of The Festival Energy Revolution Ltd / Registered charity no.1171961 / Registered office: Kambe House, 34 Portland Square, Bristol, BS2 8RG

7. FINANCIAL REVIEW

During the year, the charity generated a surplus of £37,943 (2023: surplus £115,245). The statement of financial position gives further information on the income received and expenditure incurred. At the year-end unrestricted funds totalled £435,595 (2023: £397,652) of which £95,124 (2023: £57,465) represented free reserves.

8. STATEMENT OF FINANCIAL POSITION

To help understand the full audited accounts (available on Companies House), we provide the following narrative:

Ecotricity £10k Donation for brand development
Arts council £9k Research project grant
Tracsis £5k Corporate partnership
Welsh government £4.2k Research project grant
Glastonbury £3.3k Funding for a carbon
calculator for the website.

Onboard.earth is a trading name of The Festival Energy Revolution Ltd / Registered charity no.1171961 / Registered office: Kambe House, 34 Portland Square, Bristol, BS2 8RG

9. UNDERSTANDING OUR REPORTED FUNDS: A NOTE ON STRATEGIC INVESTMENT

This year, our total reported funds have grown to £435.595, up from £397.652 in 2023. While this increase might appear to reflect a growing surplus, it’s important to clarify what these figures truly represent.

These funds are the result of our long-term Energy Revolution investments—a core part of our programme’s mission to drive systemic change. They are recorded in our accounts as investments, which means they appear as assets on the balance sheet. However, they are not unrestricted reserves or surplus income available for general spending.

Instead, these funds are strategically committed to the Energy Revolution programme objectives. They are held in line with the original terms of the initiative, designed to deliver long-term impact for communities through ethical investment in community-led renewable energy projects—not short-term liquidity. Their presence in the accounts reflects our commitment to transparency and responsible financial stewardship.

We believe it’s vital that our supporters, partners, and stakeholders understand this distinction. The growth in reported funds signals the strength and maturity of our investment model (an increasing number of small-scale renewable energy projects led by and benefitting those communities)—not an increase in discretionary resources.

10. BOARD OF TRUSTEES

Chair: Liz Warwick (Sustainability Consultant, Lansdowne Warwick) Treasurer: Wayne Lee

Governance Lead: Rick Bond

Communications Strategy Lead: Ed Gillespie (Author, Director Greenpeace UK) CEO: Chris Johnson (Co-founder Shambala Festival) Industry PR Advisor: Graham Brown (Brown Fox Comms) Festivals Expert: Ben Robinson (Founder-director, From the Fields) Festivals Expert: Chris Rutherford (Co-founder & Director Boomtown) Sustainability in Music: Tom Smallwood Fundraising Lead: Jessica Parish (business development expert)

Onboard.earth is a trading name of The Festival Energy Revolution Ltd / Registered charity no.1171961 / Registered office: Kambe House, 34 Portland Square, Bristol, BS2 8RG

11. THANK YOUS!

As a small and growing charity, onboard:earth has been able to exceed expectations thanks to the active support and involvement of our members, partners, trustees, industry organisations and sponsors. We want to thank everyone involved for everything that has been done to help us get to this stage. Together we are making a valuable contribution to the better environmental practices in the sector, investing in restoration, and showing leadership in responding to the climate crisis.

Special mention in 2024 goes to several members and partners who have been critical in reaching this point.

Onboard.earth is a trading name of The Festival Energy Revolution Ltd / Registered charity no.1171961 / Registered office: Kambe House, 34 Portland Square, Bristol, BS2 8RG

And a huge thank you to all of the onboard:earth members for their ongoing support. We [you] are the ones we’ve been waiting for.

Onboard.earth is a trading name of The Festival Energy Revolution Ltd / Registered charity no.1171961 / Registered office: Kambe House, 34 Portland Square, Bristol, BS2 8RG

COMPANY REGISTRATION NUMBER: 09727842 CHARITY REGISTRATION NUMBER: 1171961 The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Unaudited Financial Statements 31 December 2024 CHARLTON BAKER BRISTOL Chartered Accountants 61 Macrae Road, Ham Green, Bristol BS20 ODD LTD

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Financial Ststements Year ended 31 December 2024 Page Trustees, annual report (incorporating the directors, report) Independent examiner's report to Ihe trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 10

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) Year ended 31 December 2024 The trustees. vtho are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. Reference and admlnistratlve detslls Reglstered charity name The Festival Energy Revolution TIA onboard: earth Charfty reglstration number 1171961 Company registratlon number 09727842 Prlncipal office and registered 34 Portland Square office Bristol BS2 8RG UK The trustees RFBond E R Gillespie C S Johnson B D Robinson C Rutherford T Smallwood E J Warwick G J Brown G J D Macvoy WLee J Parish J Chalabi (Resigned 6 June 2024) (Resigned 6 June 2024) Independent examiner Paul Cridland FCA 61 Macrae Road, Ham Green, Bristol BS20 ODD

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) (contlnued) Year ended 31 December 2024 Structure. gov•rnan¢e and management Governlng Document The Festival Energy RevolLrtion is a company limited by guarantee govemed by its Memorandum and Articles of Association dated 6 March 2017. It is registered as a charity with the Charity Commission. Appointment of trustses As set out in the Articles of Association the charty by ordinary resolution or the directors may appoint a person who is willing to act to be a director. Organisation The board of trustees administers the charity. The board meets three to four times a year and there is an Annual General Meeting in Q3 or Q4. A Chief ExecLrtive is appointed by the trustees to manage the day-to-day operations of the charty. To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and sustainable development activities. Relat￿ parties and cO￿peratIon with other organisations The onboard: earth CEO also sits on the board as a Trustee and receives a nominal renumeration for their services as CEO each month. Any connection between a trustee or senior manager of the charty with a sustainable development project must be disclosed to the full board of trustees in th8 same way as any other contractual relationship with a related party. In the current year such related party transactions have been reported within note 19 to these financial statements. Objectives and actfvitles The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefrt when reviewing the charty's aims and objectives. To promote sustainable development for the benefit of the public by: {A) the preservation, conversation and the protection of the environment and the prudent use of resources. (B) the promotion of sustainable means of achieving economic growth and regeneration. (C} to advance the education of the public in subjects relating to sustainable development and the protection, enhancement and rehabilitation of the environment. Sustsinable development means "development which meets the needs of the present without compromising the ability of future generations to meet their own needs."

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (continued) Year ended 31 December 2024 Achievements and perforniance Onboard. Earth has now invested £742,000 in community-scale renewable energy, forest protection, tree planting, ecosystem regeneration and communities most affected by climate change. We have gained significant support-in-kind from partners in 2024: This year's corporate partnership with Tracsis includes the development of an online reporting platfomi based on current spreadsheet-based tools We have benefitted from pro-bono legal support from Lewis Silkins, registering the onboard.earth trademarks in UK. Mackman Design has supported the rebrand to onboard.earth which has been received positively. Two successful funding applications have enabled new research and further development of our resources.. - Arts Council England - research and new gU￿e on collecling dats - Welsh Government innovation fund - insights into Welsh sector and dedicated events guide In 2024 we restructured the team and appointed new prr freelan￿ positions: Project Director and Partnerships Director. This is enabling more focus on partnerships and new income. We held a successful community engagement event, bringing event members, impact partners and supporters together for an in-person event in Bristol. This event galvanised engagement and commitment to our work.

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Trustees, Annual Report {Incorporating the Directors. Report) {conflnuedJ Year ended 31 December 2024 Financial revlew During the year, the charity generated a surplus of £37,943 {2023.' surplus £115,245). The statement of financial activities on page 8 gives further information on the income received and expenditure incurred. At the yearond unrestricted funds totalled £435.595 (2023: £397.652) of which £95,124 (2023: £57,465) represented free reseNes. Reserves policy The charity's free reserves are represented by the unreslricted funds not committed or invested in programme related investments. In normal circumstances the trustees believe that the charity's free reserves should be between three and six months of the resources expended, which equates to approximately £36,000 to £72,000. However, due to the current economic situation and knock on impact on festivals and the associated uncertainties surrounding future income, the trustees believe that the level of free reserves can be justrfied in order to ensure continuing operations in the short to medium temi. Revlew of major rfsks The trustees have reviewed the major risks of the charity and concluded that the primary risk is financial sustainability. This risk is managed by regular finan￿ tneetings throughout the year. Other risks are mitigated as appropriate. Plans for future periods In 2025 the priority is to grow membership, steadily grow income year on year, and diversify income streams across donations, grant income, and earned income from leveraging partnerships with our IP and knowledge-base, and consultancy.

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarante8 Trustees. Annual Report (Incorporating the Directors. Report) (continued) Year ended 31 December 2024 Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report {incorporating the directors, report) was approved on 11 th September 2025 and signed on behalf of the board of trustees by- C S Johnson Trustee WLee Trustee

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Independent Examinerfs Report to the Trustees of The Festival Energy Revolution TIA onboard: earth Year ended 31 December 2024 report to the trustees on my examination of the financial statemerrts of The Festival Energy Revolution TIA onboard.. earth ('the charty.) for the year ended 31 December 2024. Responsibilities and basis of report The tTUStees are also the directors of the company for the purposes of company law are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Ind•pgndent examlnerfs statement I have completed my examination. I confirm that no matters have come to ry attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act. or the financial statements do not accord with those records., or the fi'nancial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination; or the financial ststements have not been prepared in accordance with th8 methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}. I have no concerns and have come across no other matters in connection with the examination to vthich attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Paul Cridland FCA Independent Examiner 61 Macrae Road, Ham Green, Bristol BS20 ODD 11 th September 2025

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantse Statement of Financial Activities (Including income and expenditure account) Year ended 31 December 2024 2024 Restricted funds T¢)tal funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Investment income 82.936 15,683 84,865 167.801 15,683 195,326 7,346 202.672 Total income 98,619 84,865 183,484 Expendlture Expenditure on charitable activities Total expendlture 58,474 58,474 87,067 145,541 87.427 87,067 145,541 87,427 Net Income 40.145 (2,202) 37,943 115,245 Transfers bebNeen funds (2,202) 2.202 Net movement in funds 37.943 37.943 115,245 Reconciliation of funds Total funds brought foThvard Total funds carried forward 397,652 397,652 282,407 435,595 435,595 397,652 The statement of financial activities includes all gains and losses recognised in the year. All income and expendrture derive from continuing activities. The notes on page$ 10 to 16 forni part of th090 financial statements.

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Statement of Financial Position 31 December 2024 2024 2023 Note Fixed assets Programme related investments 11 340,471 255,187 Currant assets Debtors Cash at bank and in hand 12 32,078 86.236 99,157 64,532 163.689 118,314 Creditors: amounts falling due within one year Net current assets 13 21,539 16,733 96.775 146.956 Totsl assets less current liabililies 437,246 402,143 Credltors: amounts falling due after more than one year Net assets 14 1.651 4,491 397,652 435,595 Funds of the charity Unrestricted funds 435,595 435,595 397,652 Totsl charfty funds 15 397,652 For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities- The members hwde not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial ststements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. The notes on pages 10 to 16 fonn part of these financial statomonts.

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Ststsment of Financial Position (contlnuedj 31 December 2024 These financial statements were approved by the board of trustees and authorised for issue on 11 September 2025, and are signed on behalf of the board by.. C S Johnson Trustee WLee Trustee Company registration number. 09727842 Tho notss on pages 10 to 16 fomi part of thoso financial Statements.

The Festival Energy Revolution TIA onboard: earth Company Llmlted by Guarantee Notes to the Financial Ststements Year ended 31 December 2024 General Infonnatlon The charity is a public benefit entity and a private company limited by guarantee. registered in England and Wales and a registered charty in England and Wales. The address of the registered office is 34 Portland Square, Bristol, BS2 8RG, UK. Statement of compliance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102}) and the Companles Act 2006. Accounting policies Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and measured 8t fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entty. Going concern There a￿ no material uncertainties about the charity's abilty to continue. Judgements and key sources of estimation uncertalnty The preparation of the financial statements requires management to make judgements, estimates and assumptrons that affect the smounts reported. These estimates and judgements are continually reviewed and are based on experien￿ and other factors, including expectations of future events that are believed to be reasonable under the circumstances. We confimi that there are no critical judgements or estimates to note. Income tax The charity has no liability to corporation tax as it is exempt on income and gains that are applied for wholly charitable purposes. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of Ihe charity's purposes. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. 10

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Notes to the Flnancial Statements (continue Year ended 31 December 2024 Accounting policies (contlnue¢YJ Incoming resources All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic beneftis associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Investment income is earned through investment of funds in companies which meet the charitable aims of the ch8rity. Interest income is recognised using the effective interest method. Resources expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non<haritable trading activrties, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its chantable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. Programme related investments Programme related investments are made exclusively to further the charity's aims by funding specific activities. Equty instruments are measured at their fair value at the reporting date rf this can be measured reliabw. or at cost less impainnent. Concessionary loans are either initially measured at the amount re￿iVed and paid and then adjusted in subsequent years to reflect repayments, interest and any impainnent, or they are Initial￿ measured at the fair value and subsequently at their amortised cost using the effective interest method. Progr8mme related investments that are measured at cost or amortised cost are assessed for objective evidence of imp8irment at the end of each reporting period. Any impaimient losses are recognised immediately as a cost within 'expenditure on charitable activities, in the statement of financial activities. 11

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Notes to the Financial Ststements (C￿1￿UedJ Year ended 31 December 2024 Accounting policies {contintied) Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a paty to the contractual provisions of the instwment. Basic fi'nancial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and Current liabilities are subsequently measured at the cash or other nsideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Llmlted by guarantee The charity is a company limited by guarantee and has no share capital. The liabilty of each member in the event of winding-up is limited to £1. No one individual has control over the charitable company. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donatlons Donations 82,936 84,865 167,801 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations 195,326 195,326 Investment income Unrestricted Total Funds Unrestricted Tolal Funds Funds 2024 Funds 2023 Income from cash investments 15,683 15,683 7,346 7,346 12

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Notes to the Financial Statements {¢ontlnu Year ended 31 December 2024 Expenditure on charitable activities by fund type un￿strICted Funds Restricted Total Funds Funds 2024 Subcontract costs Bank charges Donations Offi'ce costs Support costs 46,285 86 46,285 87.067 87,067 5,563 6,540 5,563 6,540 58,474 87,067 145.541 Unrestricted Funds Restricted Total Funds Funds 2023 Subcontract costs Bank charges Donations Office costs Support costs 26,034 21 57,585 1,897 1,890 26,034 21 57,585 1,897 1,890 87,427 87,427 Anatysis of support costs Govemance costs 2024 2023 Accountancy fees Legal and professional fees 2,771 3,769 1.890 6,540 1,890 Independent examination fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 2,771 1,890 10. Trustee remuneratlon and expenses The onboard., earth CEO also sits on the board as a Trustee and receives a nominal r8numeration for their services as CEO of £375 each month. 13

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 December 2024 11. Programme related investments Loans Shares Total Cost At 1 Jan 2024 Additions 129,845 85,284 125,342 255,187 85.284 At 31 Dec 2024 215,129 125,342 340,471 Impalrment 1 Jan 2024 and 31 Dec 2024 Carrying amount At 31 Dec 2024 215,129 125,342 340,471 255,187 At 31 Dec 2023 129,845 125,342 The loans eam interest at rates of 5 or 60/0 per annum and are all receivable after more than one year by balloon repayments of capital. The total for shares represents 16,941 £1 ordinary shares in Resilient Energy Alvington Court Renewables Ltd, 43,785 £1 ordinary shares in The Schools Energy Co-operative Limited and 64,616 £1 class A Communty shares in Energy Garden Ltd. 12. Debtors 2024 2023 Trade debtors Prepayments and accrued income 30,778 1,302 97,856 1,301 32,078 99,157 13. Craditors: amounts falling due within one year 2024 2023 Bank108ns and overdrafts Trade creditors Accruals and deferred income 14,844 4,805 1.890 14,843 1,890 21,539 16,733 Included in Bank loans are Debenture loans of £12,000. One loan of £6,000 bears interest at the Bank of England base rate and was repayable on 1 March 2022, however the repayment date has b*n deferred. The remainder of the 108ns totalling £6,000 are interest free and were repayable on 19 December 2022 however the repayment dates have been deferred. 14. Creditors: amounts falllng due after more than one year 2024 2023 Bank loans and overdrafts 1,651 4,491 14

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Notes to the Financlal Statements (continu Year ended 31 December 2024 15. Analysis of charitable funds Unrestrlcted funds At Transfers 31 Dec 2024 At 1 Jan 2024 Income Expenditure General funds Designated donations for programme related investments 142,465 98,619 (58,474) (87,486) 95,124 255,187 397,652 85,284 340,471 98,619 (58,474) (2,202} 435,595 At Transfers 31 Dec 2023 At 1 Jan 2023 Income Expenditure General funds Designated donattons for programme related investments 66,680 202,672 (87,427) (39,460) 142,465 215,727 39,460 255.187 282,407 202,672 (87.427) 397,652 Certain donations are received specifically for programme related investments in renewable energy projects, and have been designated for this purpose within unrestricted funds. The cumulative total of £255,187 is represented by the investments disclosed in not8 12. R•stricted funds At Transfers 31 Dec 2024 At l Jan 2024 Income Expenditure Trees+ Fund 84,865 (87,067) 2,202 At Transfers 31 Ikc 2023 At 1 Jan 2023 Income Expenditure T￿e5+ Fund 15

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantse Notes to the Financlal Statements (continued) Year ended 31 December 2024 16. Anatysls of net assets between funds Unrestricted Total Funds Funds 2024 Investments Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 340,471 118.314 (23,190) 340,471 118,314 (23,190) 435,595 435,595 Unrestricted Total Funds Funds 2023 Investments Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 255,187 163,689 {16,733) (4,491} 397,652 255,187 163,689 (16,733) {4,491) 397,652 17. Financial instruments Total interest income of £15,683 (2023 - £7,346) was received for financial assets not measured at fair value through net incomelexpenditure. 18. Relat￿ parties The charity has received loans from compani8s in which trustees are shareholdersldirectors amounting to £12,000 (2023 - £12,000). One loan of £6,000 bears interest at the Bank of England base rate and was repayable on 1 March 2022, though the issuer of the loan has agreed to defer repayment. The rem8inder of the loans totalling £6,000 are interest free and were repayable on 19 December 2022, though the issuer of the loans has agr￿d to defer repayment. These balances are included in Creditors.. amounts falling due in less than one year. 16

COMPANY REGISTRATION NUMBER: 09727842 CHARITY REGISTRATION NUMBER: 1171961 The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Unaudited Financial Statements 31 December 2024 CHARLTON BAKER BRISTOL Chartered Accountants 61 Macrae Road, Ham Green, Bristol BS20 ODD LTD

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Financial Ststements Year ended 31 December 2024 Page Trustees, annual report (incorporating the directors, report) Independent examiner's report to Ihe trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 10

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) Year ended 31 December 2024 The trustees. vtho are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. Reference and admlnistratlve detslls Reglstered charity name The Festival Energy Revolution TIA onboard: earth Charfty reglstration number 1171961 Company registratlon number 09727842 Prlncipal office and registered 34 Portland Square office Bristol BS2 8RG UK The trustees RFBond E R Gillespie C S Johnson B D Robinson C Rutherford T Smallwood E J Warwick G J Brown G J D Macvoy WLee J Parish J Chalabi (Resigned 6 June 2024) (Resigned 6 June 2024) Independent examiner Paul Cridland FCA 61 Macrae Road, Ham Green, Bristol BS20 ODD

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) (contlnued) Year ended 31 December 2024 Structure. gov•rnan¢e and management Governlng Document The Festival Energy RevolLrtion is a company limited by guarantee govemed by its Memorandum and Articles of Association dated 6 March 2017. It is registered as a charity with the Charity Commission. Appointment of trustses As set out in the Articles of Association the charty by ordinary resolution or the directors may appoint a person who is willing to act to be a director. Organisation The board of trustees administers the charity. The board meets three to four times a year and there is an Annual General Meeting in Q3 or Q4. A Chief ExecLrtive is appointed by the trustees to manage the day-to-day operations of the charty. To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and sustainable development activities. Relat￿ parties and cO￿peratIon with other organisations The onboard: earth CEO also sits on the board as a Trustee and receives a nominal renumeration for their services as CEO each month. Any connection between a trustee or senior manager of the charty with a sustainable development project must be disclosed to the full board of trustees in th8 same way as any other contractual relationship with a related party. In the current year such related party transactions have been reported within note 19 to these financial statements. Objectives and actfvitles The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefrt when reviewing the charty's aims and objectives. To promote sustainable development for the benefit of the public by: {A) the preservation, conversation and the protection of the environment and the prudent use of resources. (B) the promotion of sustainable means of achieving economic growth and regeneration. (C} to advance the education of the public in subjects relating to sustainable development and the protection, enhancement and rehabilitation of the environment. Sustsinable development means "development which meets the needs of the present without compromising the ability of future generations to meet their own needs."

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (continued) Year ended 31 December 2024 Achievements and perforniance Onboard. Earth has now invested £742,000 in community-scale renewable energy, forest protection, tree planting, ecosystem regeneration and communities most affected by climate change. We have gained significant support-in-kind from partners in 2024: This year's corporate partnership with Tracsis includes the development of an online reporting platfomi based on current spreadsheet-based tools We have benefitted from pro-bono legal support from Lewis Silkins, registering the onboard.earth trademarks in UK. Mackman Design has supported the rebrand to onboard.earth which has been received positively. Two successful funding applications have enabled new research and further development of our resources.. - Arts Council England - research and new gU￿e on collecling dats - Welsh Government innovation fund - insights into Welsh sector and dedicated events guide In 2024 we restructured the team and appointed new prr freelan￿ positions: Project Director and Partnerships Director. This is enabling more focus on partnerships and new income. We held a successful community engagement event, bringing event members, impact partners and supporters together for an in-person event in Bristol. This event galvanised engagement and commitment to our work.

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Trustees, Annual Report {Incorporating the Directors. Report) {conflnuedJ Year ended 31 December 2024 Financial revlew During the year, the charity generated a surplus of £37,943 {2023.' surplus £115,245). The statement of financial activities on page 8 gives further information on the income received and expenditure incurred. At the yearond unrestricted funds totalled £435.595 (2023: £397.652) of which £95,124 (2023: £57,465) represented free reseNes. Reserves policy The charity's free reserves are represented by the unreslricted funds not committed or invested in programme related investments. In normal circumstances the trustees believe that the charity's free reserves should be between three and six months of the resources expended, which equates to approximately £36,000 to £72,000. However, due to the current economic situation and knock on impact on festivals and the associated uncertainties surrounding future income, the trustees believe that the level of free reserves can be justrfied in order to ensure continuing operations in the short to medium temi. Revlew of major rfsks The trustees have reviewed the major risks of the charity and concluded that the primary risk is financial sustainability. This risk is managed by regular finan￿ tneetings throughout the year. Other risks are mitigated as appropriate. Plans for future periods In 2025 the priority is to grow membership, steadily grow income year on year, and diversify income streams across donations, grant income, and earned income from leveraging partnerships with our IP and knowledge-base, and consultancy.

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarante8 Trustees. Annual Report (Incorporating the Directors. Report) (continued) Year ended 31 December 2024 Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report {incorporating the directors, report) was approved on 11 th September 2025 and signed on behalf of the board of trustees by- C S Johnson Trustee WLee Trustee

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Independent Examinerfs Report to the Trustees of The Festival Energy Revolution TIA onboard: earth Year ended 31 December 2024 report to the trustees on my examination of the financial statemerrts of The Festival Energy Revolution TIA onboard.. earth ('the charty.) for the year ended 31 December 2024. Responsibilities and basis of report The tTUStees are also the directors of the company for the purposes of company law are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Ind•pgndent examlnerfs statement I have completed my examination. I confirm that no matters have come to ry attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act. or the financial statements do not accord with those records., or the fi'nancial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination; or the financial ststements have not been prepared in accordance with th8 methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}. I have no concerns and have come across no other matters in connection with the examination to vthich attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Paul Cridland FCA Independent Examiner 61 Macrae Road, Ham Green, Bristol BS20 ODD 11 th September 2025

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantse Statement of Financial Activities (Including income and expenditure account) Year ended 31 December 2024 2024 Restricted funds T¢)tal funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Investment income 82.936 15,683 84,865 167.801 15,683 195,326 7,346 202.672 Total income 98,619 84,865 183,484 Expendlture Expenditure on charitable activities Total expendlture 58,474 58,474 87,067 145,541 87.427 87,067 145,541 87,427 Net Income 40.145 (2,202) 37,943 115,245 Transfers bebNeen funds (2,202) 2.202 Net movement in funds 37.943 37.943 115,245 Reconciliation of funds Total funds brought foThvard Total funds carried forward 397,652 397,652 282,407 435,595 435,595 397,652 The statement of financial activities includes all gains and losses recognised in the year. All income and expendrture derive from continuing activities. The notes on page$ 10 to 16 forni part of th090 financial statements.

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Statement of Financial Position 31 December 2024 2024 2023 Note Fixed assets Programme related investments 11 340,471 255,187 Currant assets Debtors Cash at bank and in hand 12 32,078 86.236 99,157 64,532 163.689 118,314 Creditors: amounts falling due within one year Net current assets 13 21,539 16,733 96.775 146.956 Totsl assets less current liabililies 437,246 402,143 Credltors: amounts falling due after more than one year Net assets 14 1.651 4,491 397,652 435,595 Funds of the charity Unrestricted funds 435,595 435,595 397,652 Totsl charfty funds 15 397,652 For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities- The members hwde not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial ststements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. The notes on pages 10 to 16 fonn part of these financial statomonts.

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Ststsment of Financial Position (contlnuedj 31 December 2024 These financial statements were approved by the board of trustees and authorised for issue on 11 September 2025, and are signed on behalf of the board by.. C S Johnson Trustee WLee Trustee Company registration number. 09727842 Tho notss on pages 10 to 16 fomi part of thoso financial Statements.

The Festival Energy Revolution TIA onboard: earth Company Llmlted by Guarantee Notes to the Financial Ststements Year ended 31 December 2024 General Infonnatlon The charity is a public benefit entity and a private company limited by guarantee. registered in England and Wales and a registered charty in England and Wales. The address of the registered office is 34 Portland Square, Bristol, BS2 8RG, UK. Statement of compliance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102}) and the Companles Act 2006. Accounting policies Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and measured 8t fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entty. Going concern There a￿ no material uncertainties about the charity's abilty to continue. Judgements and key sources of estimation uncertalnty The preparation of the financial statements requires management to make judgements, estimates and assumptrons that affect the smounts reported. These estimates and judgements are continually reviewed and are based on experien￿ and other factors, including expectations of future events that are believed to be reasonable under the circumstances. We confimi that there are no critical judgements or estimates to note. Income tax The charity has no liability to corporation tax as it is exempt on income and gains that are applied for wholly charitable purposes. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of Ihe charity's purposes. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. 10

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Notes to the Flnancial Statements (continue Year ended 31 December 2024 Accounting policies (contlnue¢YJ Incoming resources All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic beneftis associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Investment income is earned through investment of funds in companies which meet the charitable aims of the ch8rity. Interest income is recognised using the effective interest method. Resources expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non<haritable trading activrties, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its chantable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. Programme related investments Programme related investments are made exclusively to further the charity's aims by funding specific activities. Equty instruments are measured at their fair value at the reporting date rf this can be measured reliabw. or at cost less impainnent. Concessionary loans are either initially measured at the amount re￿iVed and paid and then adjusted in subsequent years to reflect repayments, interest and any impainnent, or they are Initial￿ measured at the fair value and subsequently at their amortised cost using the effective interest method. Progr8mme related investments that are measured at cost or amortised cost are assessed for objective evidence of imp8irment at the end of each reporting period. Any impaimient losses are recognised immediately as a cost within 'expenditure on charitable activities, in the statement of financial activities. 11

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Notes to the Financial Ststements (C￿1￿UedJ Year ended 31 December 2024 Accounting policies {contintied) Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a paty to the contractual provisions of the instwment. Basic fi'nancial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and Current liabilities are subsequently measured at the cash or other nsideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Llmlted by guarantee The charity is a company limited by guarantee and has no share capital. The liabilty of each member in the event of winding-up is limited to £1. No one individual has control over the charitable company. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donatlons Donations 82,936 84,865 167,801 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations 195,326 195,326 Investment income Unrestricted Total Funds Unrestricted Tolal Funds Funds 2024 Funds 2023 Income from cash investments 15,683 15,683 7,346 7,346 12

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Notes to the Financial Statements {¢ontlnu Year ended 31 December 2024 Expenditure on charitable activities by fund type un￿strICted Funds Restricted Total Funds Funds 2024 Subcontract costs Bank charges Donations Offi'ce costs Support costs 46,285 86 46,285 87.067 87,067 5,563 6,540 5,563 6,540 58,474 87,067 145.541 Unrestricted Funds Restricted Total Funds Funds 2023 Subcontract costs Bank charges Donations Office costs Support costs 26,034 21 57,585 1,897 1,890 26,034 21 57,585 1,897 1,890 87,427 87,427 Anatysis of support costs Govemance costs 2024 2023 Accountancy fees Legal and professional fees 2,771 3,769 1.890 6,540 1,890 Independent examination fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 2,771 1,890 10. Trustee remuneratlon and expenses The onboard., earth CEO also sits on the board as a Trustee and receives a nominal r8numeration for their services as CEO of £375 each month. 13

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 December 2024 11. Programme related investments Loans Shares Total Cost At 1 Jan 2024 Additions 129,845 85,284 125,342 255,187 85.284 At 31 Dec 2024 215,129 125,342 340,471 Impalrment 1 Jan 2024 and 31 Dec 2024 Carrying amount At 31 Dec 2024 215,129 125,342 340,471 255,187 At 31 Dec 2023 129,845 125,342 The loans eam interest at rates of 5 or 60/0 per annum and are all receivable after more than one year by balloon repayments of capital. The total for shares represents 16,941 £1 ordinary shares in Resilient Energy Alvington Court Renewables Ltd, 43,785 £1 ordinary shares in The Schools Energy Co-operative Limited and 64,616 £1 class A Communty shares in Energy Garden Ltd. 12. Debtors 2024 2023 Trade debtors Prepayments and accrued income 30,778 1,302 97,856 1,301 32,078 99,157 13. Craditors: amounts falling due within one year 2024 2023 Bank108ns and overdrafts Trade creditors Accruals and deferred income 14,844 4,805 1.890 14,843 1,890 21,539 16,733 Included in Bank loans are Debenture loans of £12,000. One loan of £6,000 bears interest at the Bank of England base rate and was repayable on 1 March 2022, however the repayment date has b*n deferred. The remainder of the 108ns totalling £6,000 are interest free and were repayable on 19 December 2022 however the repayment dates have been deferred. 14. Creditors: amounts falllng due after more than one year 2024 2023 Bank loans and overdrafts 1,651 4,491 14

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantee Notes to the Financlal Statements (continu Year ended 31 December 2024 15. Analysis of charitable funds Unrestrlcted funds At Transfers 31 Dec 2024 At 1 Jan 2024 Income Expenditure General funds Designated donations for programme related investments 142,465 98,619 (58,474) (87,486) 95,124 255,187 397,652 85,284 340,471 98,619 (58,474) (2,202} 435,595 At Transfers 31 Dec 2023 At 1 Jan 2023 Income Expenditure General funds Designated donattons for programme related investments 66,680 202,672 (87,427) (39,460) 142,465 215,727 39,460 255.187 282,407 202,672 (87.427) 397,652 Certain donations are received specifically for programme related investments in renewable energy projects, and have been designated for this purpose within unrestricted funds. The cumulative total of £255,187 is represented by the investments disclosed in not8 12. R•stricted funds At Transfers 31 Dec 2024 At l Jan 2024 Income Expenditure Trees+ Fund 84,865 (87,067) 2,202 At Transfers 31 Ikc 2023 At 1 Jan 2023 Income Expenditure T￿e5+ Fund 15

The Festival Energy Revolution TIA onboard: earth Company Limited by Guarantse Notes to the Financlal Statements (continued) Year ended 31 December 2024 16. Anatysls of net assets between funds Unrestricted Total Funds Funds 2024 Investments Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 340,471 118.314 (23,190) 340,471 118,314 (23,190) 435,595 435,595 Unrestricted Total Funds Funds 2023 Investments Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 255,187 163,689 {16,733) (4,491} 397,652 255,187 163,689 (16,733) {4,491) 397,652 17. Financial instruments Total interest income of £15,683 (2023 - £7,346) was received for financial assets not measured at fair value through net incomelexpenditure. 18. Relat￿ parties The charity has received loans from compani8s in which trustees are shareholdersldirectors amounting to £12,000 (2023 - £12,000). One loan of £6,000 bears interest at the Bank of England base rate and was repayable on 1 March 2022, though the issuer of the loan has agreed to defer repayment. The rem8inder of the loans totalling £6,000 are interest free and were repayable on 19 December 2022, though the issuer of the loans has agr￿d to defer repayment. These balances are included in Creditors.. amounts falling due in less than one year. 16