Charlty R•gl8tratlon In England and Walth No. 1190040 WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) UNAUDITED TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 WELL8EING ECONOMY ALLIANCE IA CHARITABLE INCORPORATED ORGANISATION) CONTENTS AdwI￿strati￿* Inftym T￿￿1808. Rewt Jdftrfs Sl•lemfml rf AclN*•s 8aknc* Sheet 10 Stat•￿1 of ¢••h Fk lo I￿A¢co￿￿ 12-19 WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) LEGAL AND ADMINISTRATIVE INFORMATION Twstee8 George StEwdrt Wafii8 (Chair) Kate Piekett Pedro Tarak Athis Tajhya Sophie Devdopmerrt Lead Michael ￿eathert￿d Regl*ered Offic• 128 Crty Road London EC1V2NX Independent Auditor James Fletcher Fletcher and Partrws 12 Bridge Street Salisbury SP12LX 88r*ers Trocth Bank UK Ltd Oeanery Road Bristol BS1 SAS Sdicitors BlaThJy & Blarvjy One Fnar Street Readin9 RG1 1DA Page 2 WELLBEING ECONOMY ALLIANCE (A CHARrrABLE INCORPORATED ORGANISATION) TRUSTEES, REPORT The Truslees of ¢he Wellbeing Economy Allian￿ (WEAII) are pleased lo present th&ir report on the accounts and actlvities of the Charitsble Irwporated Organisation for the year ended 31 December 2024. The financial statements have been wepared in xec*danc* th the accountiThJ policies set oul in note 110 the accounts and CoM￿Y wth Ihe Charities Act 2011 and the Statement of Recommended Practice applicable to Chafitles preparing their ￿0￿nIS in accordance *ith the Financial Reporting StarHlard appli¢able in the UK d Republic ￿ IrdarKI IFRS 102) leffective l January 2019). Oty•¢tiv•s and activit16• The Wellbth'ng Econclry Alliance ￿EAll) is the leading collaborat￿n of (ryanisations, alliances, movements and individuals I￿rking Io¥rdrd3 a Wellbeing Economy. ddwering human and ecLJlcgical *Ellbeing. We Y￿ bom in 2018 as a time•bound project lo catalyse a tran*'lion IcKdrds a WdlbeirvJ E¢￿0MY by promob'ng radical conneclion and collaboration be{v￿n dffterent xt¢ys of the ￿onc￿nY ecosystem, so w? can achieve impact larger than the sum of our parts. We enVI￿On a everyom has enough to live in comfryt, safety, and happ'nesy. Whero all people feel secure in thèir basi¢ comlorts and use their ueative energies to gjpwt the flourishing of all life on this ￿an•t. Where thrive in a re8tcrfed, Safe, and vibrant natural environment because Y￿ have leamed lo givé back as much as are giv•n. A ￿ortd have a voice over our collective destsny and Tind belonging, meaning and purpose through 9￿Ulne c￿ne¢￿'0n to the peopFe and planet that sustsin us. We do Ihiy by V•t*rking on three ￿MUmane0￿$ fronts vlth our members and partners. wfiich %%e comlder essential pillars lor systemic translomatr.on and have all been bol*ered in 2024.. 1) Strengthening. supportirq, and Conl￿rIng exislirg geographic and themab"c pwr bas￿ al all l•vel8 01 society, that together have the pw to change th* cuffent global economie systèm. 2) c￿creatIng knovAedge that demonstrates the viability of a Wellbw'ng Economy, lo influencè change and 8et the agendo for govemments 8NI busnesses at all level$ lo s•qu•ncè just transition$ to W•llbtsi Economies. 31 Changing cultural narratives aboLrt V*thaV$ p￿t4e and dewr•bfe 80 millions of people of all ages and from all walks ol life we inwrnd lo act at l¢xal, natsonal, gklbd levels in support of a ￿1ft tOW0rd8 a Wellbeing Economy. A¢hl•v•m•nts and p•rform•n¢• All ol WEAII'S ac￿'eVementS have tr*en a result of c¢)opwats¢)n •nd eollaborntlon ￿1Th cllizens, m￿bers. hubs and other Stakeholders and (￿rIng 2024 WEAII has achieved muth. • WEAII Members include $22 organisalional membern and ov•r 200 i￿lIVidual member$ vath 13% and 24% re¥Jeclively from the Majority Worfd We rw have over 25 ambass•(kn Irduding hIg1￿profile leaders. expwts and m¢)vern from around ttr rfd • InflU￿r partrtrships almost 3 millicffl ¥ie4rd in 1.5 yews {2.9 million) • WFAII socbal media accounts grvw IMr outrexh an increase of 275% of Instagram lo11v￿ and 88% of Linkedln f01b0v￿r5 The Global Pc4icymakers Nelth ha8 gro*n from 67 to 95 membgrs The Wellbeing Economy Policy D￿9n course. laL￿h￿d in Nov4ynb8r 2024. S*•V ov•r 7500 unlque page visitor5 in its fir* three months of belng live Monthly WEAII Talks V*er• hosted V•ith attefthrKe incrnased by 113% and registratson$ irKreag•d by 196% We launched WEAII Together. a revamped online communty, vknwe th? *ider ￿lbeIng eccnomy nefvK)rk can connect, cdlabtsrate. and share happenings around ￿lbeIng e¢onomies A WEAII Hubs Guide ctrcreated. a tod to support both existry Wellbeing Economy Alliance IWEAIII hubs and those l¢)oking lo start c WEAII jointly 5sith Earth4AII and Green Coaliticffl Convened #everal strategi8ing sessions to influence the UN Summrt of the Future and G20 FwOcesS￿. devdrying common messagiThJ around beyond growth and GDP. Pa9e 3 WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES. REPORT (continued) AGhl•v¢monts •nd performa￿* {¢onlinuodl In partnership wlh the DoLFghnul Economics Lab (DEALI and ZOE Institute for Future-fit Economies. y￿ launched an onlir* Wdlbeing Economy Policy Desi￿ ￿lSe, engaging over 40 reviewtrs from the WEAII memberghip and the Wellbeing EeorK>my Policymakers netI￿rk At the European level. WEAII is of the16 partners of the IAERGE project, a Horizon Europe fu￿led Ci>ordination and Supwt Adion ICSAI project vthh an aim to find pathways l(w4rds iKlusive and sustainat4e ￿lIbeing. We contn'buted to the intemational Wellbwry Economy Ftrum, held in Iceland. includin9 the screeThng of the film PufP05e, featuring Katherine Trebeck and Lorenzo Fior8montr, co.founders of WEAII. Togother *ilh Mattin Oetb'ng, ￿ launched tlw EXPRESS CHANGE podcast, exploring how the arts can help us *rrk t0￿rI1$ true su*wnabllty ￿ against democratic, 50cietal aThJ eccdogical breakdo • We built alliances vllh Climate A¢b'on Net¥th, Greenpe•c•. 350.org. Green Economy Coaltuon, Planetary Health Alliance. Earth4AII. OXFAM Intemab"oftal and ottrths to integrate e0>￿Mi¢ gystems change into Ihw'r slrategies and narrab"ves. WEAII vrt)rked closely Greenpeace, vknich launCl￿d a *dlbeirvJ econ(xny Campl￿n last year and incorporated economic syslem charyg into their narrative • WEAII eryaged wlh global organisalions su¢h as ￿ D￿hnut Econcrfnics Action Lab {Deal), UN- convene(J Consclous Foc¢J Systems Alliance ICOFSAI, Imperative-21. and in cofiabor8tion V•?Ih th• Rockefdler FoLsr#Y8tlon and the Sdutions Insights Lab, ¢fyhost•d 10 in4eplh dialo9ue8 including th•mts like narratives. the cam eGoncffiy. lood systems. faith. and human rights. WEAII Wnered *ilh 200 millic￿ kn.sans In Ind￿ to support the Orgwigation and delivery of KIAa Conc14ve'24, %thich brou9hl tcgether. ovw three in4M'ring day8, 2W+ incredi￿e pe0F1￿0￿nd8rI enablers. and leaders. with vA)m•n making up 60% 01 the Kula Community. Through the Global Wdlbeing EcoMmie# programme. ￿ ¢￿Vened a broad ranp of people Including representsliv¢$ from indigenous communitres, major industnes, Ihink tanks, policymakers, ar￿ activists lo identify reform Inib'atives wlh the F￿lent￿l to tran￿OmI the glcthl ￿onom￿ landscape. Financlal r•vi•w In 2024 WEAII'S revenues amounled to £1.044.528 {2023 £1.215.29)l. repyesenting a 14% decrease on the weviouj y•ar. Expenditures in 2024 amounted lo £1.110,3S5 {2023 £1.019,968), an In￿eaSe ol 10%. An operating deficit 01 £66,061 reduced the funds tfoughl foward, resultirYJ in £396,417 beiry carried forwdrd Into 202512024 £462,479). Of this, £152.424 Restricted lunding eannarked for *Drk in one of WEAII'S strategic areas. the balan¢• 01 £243.944 was Unrestn"cted. 01 the Un￿$t￿tted fvnding ￿rried over 10 2025, £164,097 vM$ held back as reserve& Res•N•¥ Pollcy WEAII'Y aim is lo maintaln 25% i.e. 3 m¢￿th$ of Ihe annual so1￿ bill for the Amp team and 8 figure of £30.000 for'elosiThJ do*n' costs as ￿serVeS. structurn. gov•rnanu arKI m•naym•nt WEAII currently has S Iruslees They are Ihe legal stewards of tt18 CIO. *rrk together wth the Global Council - a repfesentstive ¥amF4e of the W&411 membernhip- on the overall Strategy and oversight of WEAII. The management ol the organisab.on is Ihe resFonsibilty of thè Amp team - the core team delivering in partnership wllh hubs. members and others the narratives. knovAedge and w￿rb•se8 of the organisal1￿. Publlc B•n•flt St•t•ment: The CIO'S ofyedives a￿ both lo promote sustainable development as y￿11 as to advance the education of the public in yJbjects relating to wstainable devel¢Jpment. In settirg (Jjr objectives and planning our objectives. our trustees have given Careful con*deration lo the Charity Commiwon's 9￿￿ra1 gUida[￿e on pl1￿1¢ benefit. P4e4 WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES. REPORT (contlnued) Pollcy for th• appolntm•nt and continuance of Tru81••8: Our Constitution lays cwt the details for th8 apwnlmenl and continuarte ol trustees. The tem for new Iruslees is 3 years. The ￿rrent approach to recnjrtment of rew trustees is a carefvl consKleralion of candidates against a set of ¢rileria related lo their skills, kn¢yAedge and exparience in relation lo ts effective administration of WEAII. A candidate ¥*ill be Intervi￿ by the chair another trustee and if the inlepliew goes W￿1. thill be invited th)to fv next trustee cam a￿1 if that Rlgk St¥t•m•nt The Iruslees, Global Council and Amp team colleclively review the health of the organisation and any as8o￿ated nsks at every quarterfy t#)ar(I meetiThJ. The main risks con&defed to date are aroL¢nd funding sources but also extend to the I￿10e1n9 and %w¥kload of the Amp team. As regards funding risks, the prinapal risk Is that muth ol the furwJrai$iThJ function of the WellbeirvJ Economy Alliance ha8 Iradilionolly been delivered by a wall cohort of the team. This has meant are dependent on as many fLbndirvJ relationships as can be developed by that cohort. Th• ¢W.￿￿on 18 looking lo broèden th• fundr8i*'ng capacity lo mrtig•te tr4s risk. Tru8t••B R••pon8lblllty Stat•m•nt Charity law reqLMres thè Tru81888 lo pr￿re fina￿al *atements. lor e•th finanual year. In Sdecl suitable accounting pjlicies and apply Ihem con*st6nlly,' Make judgements and estsmalvs that are reasonable and pfudent.. stste ¥thdher apF4icabl? ￿e￿￿ting standards •nd slatements of recommerKlod Nactbce have been foll￿*d, suty'•d to any dyrture# di*clo8ed wrfl ex￿alned in the fin*)cial ststements.. Prepare the xcoun18 on the png Conc￿ baws It Is inapwopnate to a8wme that the charity *ill ￿tInue in operation. 21 31 41 The Governcrt 4re re8pon%tJle f¢x ke•yng woper accounting records *thich di8cIo8e V*ith reasonable accuracy al any time the financial positi￿ of the Charity and *thich enable them lo ensure Ih•t the rin*nu81 stslements comply wth thé provlsons of the Charities Act 2011. They are also responsible for safeguwdlng the a35els of the tharity and h￿rA for Lgking reawnat4e Steps for the preventson and detection ol fraud and ottw iff¢gulanlies. Signed c¢t behalf (rf the Tru¥lees.' s bj PTLL15 ApFrfoved by th• Trustees on". 8ofo71Lo2£ Page S WELLBEING ECONOMY ALLIANCE IA CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT AUDITOR'S REPORT ON THE ACCOUNTS OF THE WELLBEING ECONOMY ALLIANCE Oplnlon We ha¥* audited th8 f￿￿tal 8talem8rts ol th8 Atha￿e {Ihe*"Chai*able h￿rat•d OrgarMsathJn"I for year eTraèd 31 Decembef 2024, whKh ccffipw If* St•temerrt of Fitwnual AclNths. B8bnce Sheet. the Cashfk)w Stalernent. aTrJ ￿teS to the f￿a￿la1 stat8ment$. a summary of ￿Thr￿an¢ 8¢¢0unting polth$. The finan¢io1 ￿port￿g framewoth that has been apphed ￿ t￿"1 pwparation is apP￿a￿ Igw United Kityjom Accounting Standards, ind￿j11¥a Reportry Slandarf 102.. Ttr￿ F￿r￿la1 RwJrtwvJ StsI￿ard appltable In thg UK ar Rèpublic of Ireland (Unrted Kngthjm Ge￿a￿ Accepted A¢¢(xJthg Practr&}. In our opimn. th• fh)artial statemerrts.. 11 give a true and loir biew of the ￿ of the Chartabl8 ¢>g•nlsalSon's affairs 4$ 4131 DI￿rnber 2024 and ol rts iwme a￿1 eNpeThJiture for the year tl*n eTrJed,' 111 h9v8 been propoty prepared in accordan￿ wilh Unrted Kkodom Gtner8ty Acceplod Acco￿lIvj Pf8¢lto,' *w¥J 1111 h9w been prepafgd in accorda￿• wth requreThnis of the Chant*s Act 2011. 8*•5• lor Wnlon W• concKKted our accorda1￿ wtth IntematiLYwI Stsrthrds on {UKI {ISAs IUKII aThJ appI￿able law. Our rew)nsibthtie$ under th08e $laMards are fwth•r (1•xT*>￿ in the Audttorf8 re8pongthth$ for tts a￿rt of tt* finanual 8tatement$ ￿cl￿n of our r*F4Yt. W• are 1rn1•p•r￿ of ttw Tnwl in aCcOrdar￿ ¥Yrth ￿ ethkal r¢quw*ments Ihat ale ra￿v$nI lo ow audtt ol finar￿1 $l•tements in the VK. ￿thjIr￿￿ ts FRC'S EthkAI SlaTrJanl . •TrJ we ha￿ fuffilbtj our olher ethul rg$ponst4'1it*s in 8¢cordaw* the#e requnmerts. We that a￿art e¥hJerra we obtain8d is suffktgnt aTrJ apwoprlote to provkl8 a bash fof rm Concl￿10￿ r•l•tlffj to golry cotx•m In aud￿￿¥4 fIn0￿￿91 8taiemerts, co￿￿￿•d thot the TnMlee8' lo• of t￿ goYvJ wncem ba8* of a￿UntI￿j In the preparation of fknarttal stalem¢rt¥ N apwopnat•. Ba66d on tl* work we Ptm perfonne(I, we h•Nt •ry m•lertal r8lathJ lo events or condJth)n8 . that, indfvkjualty Of Colle￿￿ety. may cast *i¥fKant doubt on ttE 8blty to Cont￿￿ a$ 8 corrthm for a pewbd of gt beast months from wf*n Ihe f￿￿￿91 ststwnewts are for i58ue. Our r•$ponBibilths 4TrJ th8 re8p0nSkn*t￿ of the tnjstees with respect to gory Co￿eM arn d?￿bad kn th8 ro1gv•rt 8¢¢ti0rn of thls r8pLVt. Oth•r Infomallon Th& Trust8•$ ar• resP)￿trAI other inloTh¥llon. Th8 ollw *rfmtKJn c4ynrA¢es Ihe ¥ftJm)atiw wrkjded In the annual r•pryt other Ihan the fi￿ar￿ra1 statemerts arKI ow aLwJitorfs Teport trtreon. Ow opinh)n on the Inur￿￿1 st¥lernert8 doe8 rKIt cover the olher ￿￿orni￿n aF*J. ey£W to exlent olh8rwwe $thl•d wi ow report. ￿ do not ewrn88 any lomi ol assurartt c￿lus￿)n t￿r•on. In connect￿n wth our audit of th8 statoment& responsblty ￿ lo ￿ad tr* oltw rfonTrat￿n oThJ. n dory so. conshJervhwV*r the other I￿Orrna￿n is mat•rKqlFy ￿OnSistenI wrfh the lha￿la1 *•tements or our knrywledge obtsintrd in the s￿lit, or Othe￿￿ appears to ￿ male￿ty mrsstated. If we #Jentfy s￿h material T￿n$￿terr￿S or apparent materfal mis$t8itments, we ￿￿ requred lo determTh whetlw Ihere is a malèri81 mtss&thmenl li Ihe f￿ar￿la1 statements or a material misstatement ol Ihe other infomithn. 11. based on tre *Drk we ha¥e F4rformed, we crtwje that there Is m¥to1ipl misstat8menl of this olher rfOm)atr￿, wo rnqLwed to r•ptyt it41 fact. We have r￿+th￿q to repjrt ￿ ttms ward. Py6 WELLBEING ECONOMY ALLIANCE IA CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT AUDITOR'S REPORT ON THE ACCOUNTS OF THE WELLBEING ECONOMY ALLIANCE (Contlnued) Mattors on whlch vrn ar• r•quir•d to r•port by oxcoplloft We have nothing to rewt in respecl of the fdlow"rvJ matters in r•latFon io the Charities Act 2011 require us lo report lo you if, in our opinion.. il the inlomation given in Tru8lees' Ann￿1 ReF¥Jrt 18 If￿$tent in any material respgcl thfjth financial statements." or ill the eharity has kept wffioent accountirwj records.. or iiil the financial statements are not in agreement V*ith the accounting records and ￿turns,. or iv) have not reeeived all the infom)aliM a￿* explarwti¢)ns w2 require t￿ tsjr auth't. Rxpon•lbllltlM of th• Tru•l• A8 explain•d mow fully in the Trustets. re8pon*bilitses 8ts¢emwrt on pagè 4. the Trustees are re9prms￿e for the preparation of the finanaal statements and for beTrng salisfied that IW g've a true and lair view. and for such internal conlrol os they delemine is necessary lo enable prepara11c￿ of finanual stslemenls that are free from malerial misstalemwrt, ¥4thether due lo fra￿ or effor. In preparlng the financial 8tal•m•nts, Truth$ are r•Spon￿blo for •88ewThJ the Charita￿8 I￿Orporated Organisation's ability to conllnue as a p'n9 conwi, diselo&ng. as applica￿e, matters relaled to going concem and u%ng the wng ￿nCeM ba$s of accounling unl•ss the TruJtee$ wther intend lo liquid*? the Charflable Incorporated Oryanisalion or lo cease operab.￿$, or have no re•listbc allematsve bLrt lo do so. Audltorf• r••pM•lbllltlos lor th• •udlt ol th• fln•ncl•l st•t•m•nts We havo been appointed 4L#lilorn under 8.144 of the Ch•rities Act 2011 and rwt in acC￿dar￿e v￿th r•gul81ions mad• under s.154 of that Act. Our 9￿.￿¢t1¥•I are to obtsin reasona￿• awr•nce #bout flnwKial stslements 0$ a %**ole ar• free from material misstatement. vknether due lo fraud or error. and lo iswe an au(litor's report Ih•t indud•8 our opinion. R¢owna￿e assurance 18 a high level of assurance, but is r*Dt a warantee that gn audit conducted in accordance V+ith ISA$ (UK) *ill alvAyS detect a m•tsrial miutal•m•nt vknen it exist Mi$statemenls can arige from fraud or error and are considered m8lerial rf, individually c* in th• aggregate, they could reasonably be expected to InfluerKe ts economic deciwons of users tsken on the ba&s of these finan￿01 Statements. Irregulanti•s, Includlng fraud, aT• instances ol noTrcompliance with lavrts 8rKI regulatior¢J. We do8lgn prfxedures in line %%ilh our re¥)w*bilitses, ￿Jt1lr￿d above, to detect material misstatements in respe¢t of irregularilie$, induding fraud The extent to *thich our up?￿e of delectirvj Irr•gularllie8. including fraud is detailed below. Idenlfying and assessiry risk$ related to iffegularilies.. We a¥¥es8ed the su8ceplibility of the Charilatle Orwisation'g financial statements to material misstalemenl oThJ how fraud might (￿￿r, ind￿dir￿J through di￿LISsI0nS *ilh the Trustees, dixussions ￿7th1n our audit team plannlng meetirrfJ, our recud of intem81 ¢￿trOl$ a￿1 ensuring these ¢ontrots ¢yrated as intended. We evaluated pOss￿e incgntives and opr•yhJnrties fry fra￿￿ulent Manipulati￿ of the financial stslemenls. We identified la￿ and regulations that are of significance in the context of the Charitable Incorporated Organisaticn discussons *ith trustees arKJ updatrng our understanding of th? sector in vknich it operates. La¥￿ry and regulallons of direct significance in ts context of the charity the CharTiies Act 2011. employment law and Health and Safety regulations. WELLBEING ECONOMY ALLIANCE {A CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT AUDITOR'S REPORT ON THE ACCOUNTS OF THE WELLBEING ECONOMY ALLIANCE {Continued) Audit response to risks identified.. We consdered the extent of ciynpliance wilh the8e la￿ and regulations as part of our audrt wocedwes c41 the related financial slatemenl items I￿lUdI￿ a review of fina￿la1 statement disclosuw. We revi￿d the Charitable Incorporated organi￿lIc￿.8 records of Lyeaches of law3 and regulat￿ns, minu¢e$ of meetings and cofrewndence w￿th rdevant authon"ts"es lo identify FQtential material mi8Stalemenls ari￿n9. We discussed thè Charitable Incorporated Organi881ion's pdicies and procedures for ¢cthpliance *ith law4 and regulatic￿$ members of management respcffl%ble for ccrtnpliance. During the planning meelirs s5ith the audit team, the engagement partner drèw attention to the key areas %*hich mistht involve r￿n<0m￿lanCe ¥4ith laws and regulati¢)ns or fraud. We enquired ol management ¥thelher they avrdre of any in*anceg 01 rn)rKOm￿18$￿e with la4￿ arml regulats"on$ or k￿￿edge of 4ny actual, suspected or allepd fraud. We addressed Ihe risk of fraud through marwment override of controls by testing the appffjprialeness of jOLmal errtries arhl identifying any sgnificanl transactions that %%ere UnLwal or oul&de the nom81 course of bu$ne$3. We awssed 4%l*ther judgements made in maklng accounting estimates gave rise to a pow.ble indic8ti¢)n of management tH'as. Al the completion slage of the audit, the engagement partn&$ review Ind￿￿ed ensuring that the team had apwoached their ￿1th appropriate professional 8Ctylvsm and thus the capoth to l¢Jentify ThyFcompliancè wth laws and regulations and fraud. There arè inherent limltatlon$ in the aLrf*t pr￿*thr•s de8cnbed above. The mtte removed that lavrd and regulati¢￿5 are from financial Iran8athon$, Ihe less li￿eY il is that w2 bgcome aware of non- tomplSance. Auditir¥J stoTrJard8 8180 limrt the audit PTcce(lures required to identifiy r￿n.cOM￿lanCe to enquiry of man4emenl and inspeth'on of relevant cc¥￿sp￿dence. Also. the risk of not detecting a materiAI mlsstalemenl due to fraud 1$ higher thon the risk ol not tyelecting on• resulting from error, as fraud may Involve ddiberate conce•lmoN by, exam￿. frygery or intentional mi¥•pretentsty'Ms, or through collusi￿. A further depLriptron ol our resp(xMIIINll•8 for I￿1 of the fIna￿￿oI stalements is located on th8 Financl Reporting Council's Y￿b￿le al.. This description forms part of LW ou1*￿8 repc*t. of our r•port Thi$ reFort is made to the Ch¥ltable Incoip(nted orwisatl￿'s Tw*e•s, as a body, in acctrdan th section 144 of the Charities Act 2011 and the regulation5 under s¢¢b"M 154 of that Act. Our audit vrtirk has been undertaken 80 that ￿ might state lo the Trustees those matters are required to stale to In an auditor's reFQrt and for no other purpose. To the fullest exlent pemitted by law. v* do not accept or assume responsibility to anyone other than the charty the trustees as a body, for our audit wvrk, for Ihii report, or for the opiThons v* have lom￿d. James Fletther. Senior statut￿ Auditor for and on behalf of Fletcher & Partner5. Chart￿d Accountants Slatuiory Auditors Crov+n Chambers Bridge Street Salistr*Jry Page 8 WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL ACTivrriES INCORPORATING AN INCOME AND ExPEND￿URE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 ots* Unre•trict•d R•strlctsd fund• fund¥ Totsl Total Voluntary In￿Me Charitable actpth188 Other Income Totsl Incomlng rnsixir¢4• 5.265 869,901 1,029,326 9,936 169,901 I,OM.527 6.154 1,209,136 159.425 9.936 174,626 1,215,290 RaL8ing funds Chartsble aclmbos Total rn•ourc•• •xp•nd•d 5-10 221,188 221,168 889,421 1.110.589 889A21 1,110,S89 1.019.968 N•t In¢ornIl•xp•nd￿rn1 for th• y••r (46,542) (19,519) ie8,0621 195,322 Fund TMn#f•rn 17 Fund •131 DK•mb•r 2023 290.536 171,943 462.479 207.157 Fund b•l•n¢M at 31 D•c•mb•r 2024 243,993 152,423 396.417 482,479 All hcome and eyndrture del￿ from continuing act￿￿j•S. The Sthtom•nt of Filar￿1￿1 includas all gains and losse8 recognised during the >*w. The notes on pages 12 10 19 fomi part of theBe accounts Page 9 WELLBEING ECONOMY ALLIANCE (A CHARrrABLE INCORPORATED ORGANISATION) BALANCE SHEET AS AT 31 DECEMBER 2024 2023 Total Unrg¥trlctsd R•strict•d fund• nd• Total Fixed A8get$ 11 2.123 2,123 2,519 Cumint ¥•8•ts Debtors Cash at bank and in hand 12 63 311.058 311,121 6,758 741,019 747,777 6,821 1052,077 1,058,898 49,830 738.088 787,918 Ll•bllltl•• Credhors fairing du? *ithin year 13 169,2511 (595,3531 1664.6041 1327,958) Net curr•fit •M•ts 241,870 152,424 394.294 459,960 N•t a•••ts 243,993 1S2,424 396,417 462,479 R•pre8enlèd by the lunds of the C￿lty. 15116 243,993 152,424 396.417 462,479 Fund• of th• Gh•rfty 243.993 152,424 396,417 462,479 .80 The accounts ¥4we wYov¢d aulhorised lor iuue ty the Board of Trustees on 118 behalf ty.. J￿Y 2025 and signed ¢ Ge¢fge Stewart Wallij Chalr of Tru51e•s The notes on pages 12 to 19 fomi part of these aco)unt8 10 WELLBEING ECONOMY ALLIANCE IA CHARITABLE INCORPORATED ORGANISATION) CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 31 O•c 2023 ¢￿h provld•d by Op•r¥llng Actb¥ltl•• 305.012 2,462 cash110￿ from In￿11￿9 Acll¥lll Investment Ir￿me Purch88e ol property, plant and equipment N•t Ca•h provld•d by Inw•titvJ A¢llvlll•• 9.936 959 8.977 N•tCh•ng• In ¢••h •nd ¢••h •qthal•nts In lh• p•rlod 313.989 14,7981 C••h •nd ¢••h •qubv•l•nts At th• b•qlMlng olth• wlod 738.088 742,888 Ind ¢••h •qulv•l•nts •t th• •nd rf th• ￿rtOd 077 738 088 R•¢on¢lll•Uon of n•¢ Incom• to n•t e••h Ilow• from op•rntlng xl¥lll•• P•rtod Endlng 31D 2024 P•rlod Endln 31 D•c 2023 N•t Incom• lor th• r•porfng p•rfod Adju6tments for. DekYKio1ion Inv&stment inccrfne {incre89elltJwegse m ¢J•btorn lnuo88e1ld8c￿a8el in utrjii 166,C621 195,322 1.355 19.9361 43.11 336.645 149.6471 1148.5991 N•t ¢••h prn¥ld•d by *)p•r•tlng *¢tl¥lll•• An•ty•l• of ￿*h Ind c••h •qul¥•l•nl• P•rknd Endlng 31 O•e 2024 P•rfod Endlng 31 D•¢ 2023 Cash in hond and at bwk 1.052.077 738.088 Tt>tal u•h and ¢#h •qul¥•l•nts 10S20n 738,088 The notes ￿ page$ 12 to 19 forn p8rt of these accounts Pag811 WELLBEING ECONOMY ALLIANCE IA CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNnNG pOL￿lEs L•gal form The Wdlbeh¥ is a Chartable oryalysatK￿ ICIOI and has M shar* ¢apKal. Tha labilty of each memt4f not exceed £10. It s wistered ty ch￿lty Commr8sKJn of EnglaThJ or%1 Wabts8 1rtgi5tral￿n NO.11￿401. Its feg*twed address ré 128 Cty Rood. LO1￿ EC1V 2NX, Thè WeMMrwJ E¢0￿mY meet8 th8 d8f1¥t￿)n of fj btrr*fft tntty FRS 102. Ba•1• ol pr•p•r•tlon The A¢ccMJfis have been prepar•d in oc¢ordaw* with Accoixrtry and Rtporthg by Charit￿6.. Statamenl of Recommended Prac1￿• apF4cobkn lo weparnvJ thew in accordance with the Fiiandal R•pDrtkng StaFwJard appkable in the UK Rep&)k of Ir•knJ {FRS 1021 leflectrle January 20191 ond thg Chartl•$ Ad 2011 aThJ UK Ganeralty A¢￿ PractKe. The fin8ndal statements a￿ wepared li 31erftrvJ, tsjrrery of Ch•r#ab* I￿orPOrated Org8nMtKJn. Mffttary amou*s in these lknarKKql statomèrrts 8re rowKled lo £ In pr•parfwJ tr• •c￿￿￿$, Tnth•s aB8essed ts CMY$ •blty lo as a conc•m, dl8¢k¥thg. 9$ awkable, matters Telat•d to goty cthK•m *MI th8 ¢c*)￿rn bath ol a￿O￿tkng. In IM applution of th• A¢cAwnbffd pokkn. ts TIlth￿ •r• r•qwtrJ lo mako I￿19emonts, •8tknot•s, and •$$wnptKins ab(yJt the farrylre val* of osjols and thAt moy Th)t b• re•dity 8pparent from o¢hw $wrc•8. The 1￿Mot•S arKJ uTrJetyiry a88wnplb)n$ ere rethed on 8n oryjlro b•g1s. Rew8K)n8 lo occount*'ng e$tim8te8 r•cogniJed in the peTr)d li whKti th• e*#nalts vd r8YAed If ￿￿$b)n affects onty that peric¥J, or in th• p8r of fv r•visw arvj fi#ure pe￿dI rf r*¥7￿ Jffocted currert arKI futwe wilDd$. In thé of t￿ Twstees. tl*re are rKJ a￿￿mpt￿ corrRrrMTrJ the L¥ ￿11￿011)n unc¢rtainty affecting a858ts or Ihblrtl•s at sheet dale that ao I'kety 10 re$￿t li a materkql •¢JI￿lment lo thew carryir am¢￿nts ne>1 fh)ort*1 yB8r. TM finar￿181 61alernert8 betn prepated uThJer ts tl8lor¢al cost con¥pnlhJn, olh•Th¥ts¢ stated kn thè rele￿nI accow￿"r1d p)ky rth￿. T1￿ wtsKJpal pthi98 8dopd arv set babw. P￿XI accountlry Th• CIO'$ o¢c¢xvts are derw￿d 0$ I￿k￿￿.. Unlestr￿le￿ F￿d4 comprise accumulated wlu*$ 8rNJ def￿rtS C￿ general fuThJ8. T￿ are avaikgble fot use al the discrelksn of t￿ Tn￿ee5 in futhrarK¢ of ger*r•l chariiable o¥ectiw8. Restricted are Y￿1•cl lo sp8of¢ r¢stri*d ety¥JrtKTh wnposod don¢)rn. Incomlng r•sowe•* All Incoming we accoun￿ forw1￿ the CIO has 8ntrflem*rrt. Ihere is Wtsinty of recelpt and th8 amount 1$ me88UTabb. I￿ne Is ¢Jeferred ￿en rt IB ￿ respect of lo be carr*d oul in Ihe loP￿r￿j Y￿r. VO￿ntary al resowc4s from donai*M and ￿ akl. Charitable aciryii*s comprmes ir￿0Ml￿a rt8ources from grants and ¢harilabk Iradiry. Investment Ls Bank ￿￿#￿81 acccthed for on 8 ba￿$. Othw iK¥)me compiises wKom• ThYFthyritab￿ tradYwJ. Pa9e 12 WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 •. Resourc￿ •xp•nd•d Expenditure is re￿gnISed ¥knen a liability 18 incwred. Contractual arrangemen15 and performance related grants are recognised as servi￿$ ¥e suFplSed. Costs ol generating funds are those Costs irKurred in attracb"rKJ voluntary income. Charita￿• activities compris• those costs incurred by the CIO in the delivery of ils activib.es and seryices for its benefi'¢iaries. 11 includes both costs that can ￿ allo¢ated th'redy lo s￿1 aclivibos and those costs of an indirect nature necetsary lo support them. f. D•btorn. Ca•h and Crodltorn Debtors- short term debtors are measured at transacti￿ pyice. Cash and cash equivalents- ￿prise ￿$h at bank an(1 in harKI. Creditors. short tem) cf•(lilorn am meawred at the trarffjacti￿ wice. g. Flx•d A••ets and D•prnclatlon Tangl￿e fixed assets are measured at co¥t le55 ac¢umulate￿va 6,1S4 Tot Giw c￿1&)* 105.053 $4.372 15•.423 a89.￿1 974,954 54.372 819,901 1,029.326 78.975 1.209,1 81,IXrfJ É12.750 10 fLAwe y￿r¥I 2%.774 (th ofvth*th delerTgJ fr¢¥n IPe prtrStyJo ywl 364.870 £8.313 10 20231 128.594 (¢4 £11.e&8 delw￿￿ to 7.6 27.753 Icl £6.758 has b88n ￿¢r￿j frtyh 2025 .282 £79.54D do1￿j frun the pr•Aw$ >w. £625.280 tofviw•ywsI Svrt8 Philwitrfcpy Bosch UKRI RWJF L*$ Acc¥ual lo 3)23 01 18,3131 I649.6￿> Tdal C••h Ir¢c4M frcm •74,954 (Xh•r InG 2023 332 332 In￿lM￿t IrKLn T*)tsl (Xh•r Incth 9.931 9,9Jl S Grnrt rn•klry a¢tl¥lU•• The Wets'ty Alb￿￿ ib n¢X Ihv ywwxknj 31 2024 m•Je nts ¢Yg¥x$4¢￿r4. T￿01 Empw FreelaKe &al Ccat Proj￿t$ 153.031 504.763 17.874 384.658 657.794 4Y2.532 636.032 274.7 106,434 (Xtr* Ewse& ICwL**J)I 1.354 889,421 1.110.589 221.168 1.019.965 14 WELLBEING ECONOMY ALLIANCE IA CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEAIBER 2024 8tsff e(Ats Wage8 and Salari¢s Sooal Sewrity Employern Pension Costs Employrn￿t Allowance Rec4o¥ered 179,502 21,279 10,322 188.256 21.C63 7,256 206.103 211.574 The average num￿1 of wnF4oyee8 in the yew 31 Lknl)gr 2024 was 412023." 41 numbar of •mploy••8 {ex(a￿j￿ ￿ploY¥ p￿ic￿ ciotjl ¢x(wSgJ £60,OWI £60.0￿. £70,Crf)o £70,OCQ. £80,CQO Tho Org8ni8•¢ion and Prcyed$ L•ad comhknthj to t• tho k•y m•nwent ￿rgon ol the th•riiy. Tho posl was hekl throwhout 2024 by W•plhert*•d. Thè tot81 nmunwabon ol the Ofgani¥ation aTrJ Pr4acts Le•J dunng the was £74,951 12023.. £72.0211 ind￿)1￿ Em￿￿Y￿$ NIC and Employ•rfB Penwon ¢thtributi¢MM. Tru•t••• R•mun•rntton Non• ol th• tru8tees lor any CIJn￿￿ with ththnl r•(*¥•J any r￿n￿n￿kn.￿ from tlw ch•nty duriThJ y•af. Thm tnMtee8 r•#Dbury•J ¢otallmg É3,91812023'. £7.8571 R•l•t•d P•rty Tr•n*4ttlon• Olher than diados•J in note 8 al)ov•, was rdat•Y party tr•nsx*.O￿ in the ￿ar. • tru•tw w8# wth th• opwov•I of #ll tht othats, to laolrt8¢e • kyo1￿1 wt for • l•• ofÈ3.186 12023.. £nill 10 AudltOf•' R•mun•rntlt Auditors r•munwatl￿ for 2024 was £3,SCQ plus VAT. 11 T•nglbl• Flx•d A•••ts COST At 1 January 2024 A&Jitions At 31 Dac8mber 2024 3.225 959 DEPRECIATION At 1 January 2024 Charge lor y￿r At 31 Decanber 2024 NET BOOK VALUE At 31 Dec￿nber 2023 At 31 Decwnter 2024 Page15 WELLBEING ECONOMY ALLIANCE IA CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 1401•* 12 O•bknrn 2023 otal Total Tr•Je d•bto Acryued ¥icory Prnpayrnts & l)epo•ts 6.758 6.758 63 8.821 49.508 322 49.830 63 6.758 13 Cr•dllorn.' •m?unt hllln9 du• wlthln y•ar Totsl Total frJf•J# TThJ• ewJitor¥ Detsrred wicom• Poyroll L4bl**8 Acuu8 702 54.343 702 649.696 991 316.314 6.453 4,2 595,3S3 8,400 69.251 595.353 664.604 327,958 14 D•hrnd 2023 To SOFA Mov•m•Trt 2024 cl￿rtoIS IM• than OMI 316.314 1318,3141 649.896 649.696 316.314 318.314 849.696 649,696 D•hrr•d incom• h c4xnPr￿ olgrnni r•LwAd kn adwdnC• fr*r n fvtute >t•rs. 18 An4ty•l• of n•t•M•t• b•lw••n fuTrd• Fund 8t 31 tkncanbtr2024 rwr¢•¢nlNI bythe 0&8•ts and kbiKtsi.' 2023 Totsl Totsl TarYJibkn ft*d 88*ts Cufrvnl Bl￿ts Curr•nt I'&>ihli 2.123 2￿.7￿ It4.9071 2,123 802.120 1,058.897 1649,6961 1664.6031 2.519 787,918 1327.9581 243,9•3 151.424 396.417 462.479 P*3¢ 16 WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Notè• 16 Pknvement In fvnd• At start of kncomlng Outgolng Fund Atend of th• y•ar RMourc•• RKour¢M Tr•fi•f•rd th• y••r R•8trict•d fund• Equalty Projecl Wellbwng Economy Dk41ogues EU Merge m0￿Ments Prothect US PTojecl Global South Global WE Ad￿¢¥ Poly Makers Training What is a Wellbeing Economy 116.928 384,247 27,753 82,933 286.347 17.117 n.735 98,641 89,396 114.960 88,738 38,554 33,995 97, 10,636 3,927 17.762 102.540 85.B51 3,545 114,960 18,650 14.960 23.594 Totsl Rmtslctsd Fund• 17t,M3 861.•01 889A21 152,423 Unrn•trlct•d fund• Charitable Actfvty Core Resems 54.372 120,254 46.951 174,217 7,420 72,477 164,097 126.439 164,097 Tot•1 Unrn•trfct•d Fund• 290,536 174.626 221.168 243,994 Tolal Fund• 462 479 11)44.627 1 110 590 396 418 Al start of Incomrw Outgomg Fund Ihe ￿ar Resouices Resources Transfers At end of year Restricted funds D￿rtaI Integrat¢on Project Global WE AdwGy New Zealand Hub Debtlopm•n¢ vement8 Project Glo081 South US Project Polw Tr8inng Whal is a Well￿1ng Economy Dialogue$ Project 39.500 30,025 44.450 2.357 5.079 134,558 137,710 81,7 77200 44.579 49,623 182,160 e6,385 73.655 172.684 53.005 42.040 3,234 114.960 17.762 3,545 2,086 18,850 14,980 13.559 71,655 57.CQO Total RestrKtfjd FurKJ5 129.891 729.417 687.365 171,943 UnrgstrKted lunds Charii¥ble Athfjiy Co Resems 73.406 412.467 75291 257,312 1,885 128,7161 126,439 26,831 164.097 137,288 Tot81 Unrestr￿ted Funds 137.286 485,873 332,603 290,536 Totsl Funds 267.157 I.215,2￿) 1.019,988 462.479 Page 17 WELLBEING ECONOMY ALUANCE IA CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Not•¥ 17 Tr4nsf•r of funds There **re no transfers bet*een RestriL*ed FurKIs WKI Unrestricted Fund5 throu9h the ye¥. 18 RMtrld•d proj•ct•: quallty ProJ•ct '. During 2024r25. #everal Europ￿ WEAII hubs as *•ll a5 the Afrikan Liberation and Outra Economia hubs lin s￿rth Afrlca and Brazil re¥*divelyl condLKted Nwrkshops Trhith a range of stskehoklers looking at how Oicy needed to ¢h8nge lo reduce iwuality acft)ss a rarge of economic sectors W•llb•lng Eclnomy DlaloguM: Dwng 2023124, WEAII will together with the Solutions Journalism ￿rk lo host len online dialogues the future of t*ellbeing. Each dialcgue wll cover • diffwenl ccmp)nènt of the ￿￿1being economy e.9. valualicffl ol the care ec[v￿My. hou￿n9, I￿rk •t¢. EU Aknry•: MERGE 18 H￿IOn Eurow furlded Coonbnation SUpp(￿t Action ICSAI projèct ￿ryth an aiin to find path￿y5 lowarf8 incluiive and w*•inable wèllb•ir4J. MERGE ¢on￿￿￿ of 16 partmrs, om of vknich is WEAJI Movements ProJ•¢tr. Thos yoiect aims lo eonne¢t lo climale char#Je. ￿0d1VeNty and ¥ocial justice movemenls and Kjrk ￿*th them to adopt economic Systems changes messaging. U8 ProJ•¢l: Thls project *lll look lo c¢)nne¢t the global WEAII membership wth organlsations movements olreaol active In Ihts ¢¢oTr)mi¢ Systems chary space in the US. Global South: SuK¢wyl for Ihe lomation ol WE￿1 hubs in the global 80Uth. noiabty In Brazil 8nd South Alnca lo build 8con¢ynic syst•m8 refom movements among local stakeholders. Global WE Advoucy: This woAect 7AII re4x•mine Ihe global ecorKMnic 8rchilectur•, Ihrwh the lens of majority and indi9en¢YJS viwh3. 11 will stakeholders towher lo explrKe opportunities lo advocate lor more hO￿.511c rofonns Pollcy M•k•rn Tr•lnlng: Creation and dissemination of a IrainirrfJ on the Y￿1b￿ng economy f IGY makern. Th• trainin9 Ixmlds on the Wellhing Economy Poliorf Des'gn Guide and il subyequenl Wh•t l• a Wellbolng Economy: A proi¢¢t to wyk wth the WUJI membership to help them articulate a *ellbeing ttonomy in langu•3e that is under*ndable and contextually specihc them. Thls 11 also indLth ¢￿atiOn of video content for mass use usin9 Simple, easy lo understand, langu4e. Page 18 WELLBEING ECONOMY ALLIANCE {A CHARITABLE INCORPORATED ORGANISATION STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unmtrict•d R•strl¢t fund* Total Total Vduntary In￿￿e Charitable activili Oth•r Income Totsl Incomlng r••oufc 6,154 479,719 6,154 729,417 1,209,136 4,339 818,105 485.873 729.417 1,21S.290 822,445 Rai￿ng funds Charitable ath'vilies Totsl r••ourcH •xp•nd•d 332.603 332.603 687,385 1,019.968 687.365 1,019.968 767,282 767.282 N•t In¢om•ll•xp•ndltur•> lor th• y•ar 1S3.270 42.052 195.322 55.182 Fund Trnn•f•rn Fund b•l•nc•• at 31 D•¢•mb•r 2022 137.266 129.891 267,157 211,995 Fund b•lanc•• *t 31 Drf•mb•r 2023 290.538 171.943 482.479 267,157 All Inccrfne aTrJ expenditure derive from conb'nuing xuvittes. The Stsknenl of Finanual Mdlviliej InclL*Je8 all gains and los￿5 recwised thJrlng the year. Page 19