2024-03-31-accounts

VQS3F103M 2023124 Th@ os @OWSQ OXIFAM

CONTENTS STRATE61C REPORT 49 (kn9lobalf¢wnt PLAMS S3 ¢￿)ndexpen￿￿We headllre5 2$ C4liryfctdKnate Jwbce $ly¢et 65 65 PUBUCEN6ASÉIEir 35 IIIDEPEMDEMT AuDifows REPORT Re5pwblelw¥a 70 1NSPIQTR￿r DE6A6E 42 ACKMQWLED6EMEMTS CORPoRATEDIAECT￿y etYOMDÉOUAUTY. QIVERSITI 51FE8UAifthF CAPbOIAWEMWOMMEMTALsfANDMDS

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OXFAM'S VISION, PURPOSE AND VALUES OUR VISION OUR PURPOSE OUR VALUES We believe In a kindw8nd radically better world. whqru è¥eryonehasth• poweitu thriv¥, notjust sur¥Y¥e. To •¢hie¥ethi$. we ￿￿t0ver¢oMe PLYrferty byfightingth• i￿lust1¢e$ and In•qualrtiesth•tfvdit Thethlngsthot matter mostto u$ JIE inclu5i¥ity. EmpowiTment and aECOUTrtAblllty- IKLusrvffY IPOWEAMEMT Accou￿A￿LITy

OUR GLOBAL FOOTPRINT Dxfam SB Isone ottheEI affiliates that make up the Dxlam confedefgtion_Altogether thoconlederaliofi WDik&d in 81 cuunlries in 2023124 toovercompthe IW202312I IHEOXFIN COWFEDERITIOI I￿RKED ICROSSIICOUITRIES IMThIJ41 PARTrERS. Bh￿edg￿lI9 •trdi•l¢s- r*rn•n•g￿

owifft I2512Q] O%fam and 75 ol waYE",

INCOME AND EXPENDITURE: HEADLINES In 2023124, Spending Dn charitoble activities increased frorn £253.4M TO £272.3M Oxlam GB'5 huadline 2D23124 incom8 cLos8d the year at £368.OM Thisfiyuie was £400.6m in 2022123. The drop in income 1$ largely dueto Iow8r emerggncyapp?o1 income.Thls Income varles depending on wortd events. For more inforrnation on this. see page 59 £123.4M Our highest to lowest pay ratio was was spent on generating current and futurè ineome. up from E106.4m in 2D22123 5.4:1 Thls ratio was 6.5=1 for 2￿2123. Th1$ Is expiaSnel In more detail on page 45

OXFAM GB PROGRAMMES BY LOCATION COUNTRIES LISTED . £Inq￿dElh Ghlln Jord•n W¢Wwl 4Epal P4k Iiwr 2•Mbl4(SAF¢￿SI¥l

A CONVERSATION WITH HALIMA AND CHARLES II$AWITH HALIMAIEtsUII. OURIIEIY CHIEFEXECUTI¥E. AND CHARLES GURASSI CHAIR trrewnxt¢ltr¢e•dtrWSinfft• wl•i.Frfst.Ksb••nw•lty￿wSl￿9lox•ty¢

l •4r¢¢ The4yOxl•th pw141 I'd￿toSe¢￿uffth￿1￿tr￿Ith￿¢ -OurcDIIpa9ue5 in Gaza. South Sudanand many othEr places havE told u$ hat thi$sobd8tity h45 meantfoithernat timES of acute crisis 8¢gu Chief Executi¥B Oflic•r. Oxtam 68 Effjslr￿￿￿thEMhe1P5￿5rnw￿e T￿tr￿￿￿to￿lIelUnd*bepartOf

11 HOW WE'RE WORKING TO TRANSFORM

AN INTERVIEW WITH ALLAN MOOLMAN, INTERIM HEAD OF PARTNERSHIPS t4ln9diWii¢¢slnt¢dKisWrniW l¢ul•rtYihoJ¢ofp¢pp￿￿lnth￿fyQb*lStsth

SNllftTOtkfj@ t)ow@fft K2@sout2¢@$ SOLIDARln BY SHIF11I6 IIORE RESOUACES COUMTRY 7tAMS AND THE 6LQBALsoiJfH This 8pproech t partnEf5hips. with overcomlTrg p0￿rtY •nOthe 8ttitudBs and practicBsthat sustain it. Ing ￿p￿0fto￿dEWb¢lCkxtr¢ toch•ng¢rt th2￿311￿

POWER TO OUR PARTNERS In lastye8rfs anTru31 report. Westated Dorstrètegic obiectiye DI pioactively shittin9 powef and iesources to our partneis in the 61obal Suuth. The aim istur 8Tr 8Utonomous andcivil 50cietyin the SIDbal South th8t'sable to pursue it$own agenda aDd4elwtrta rattically b8ttei ¥voild. SH￿1￿6 POWER Tg$USSRQOTS WOME4'S OR6AMISAnOII$ 'WE aPPTecial¢ the ¥pace we are givento set Dur agenda to fuDd what we $¢¢ as about this pToject and the import8n¢e of examplel- P4ernber uf th2 WEFAO So¢ietyfor Women 8nd child Care. WRFpartn*i in Gaza TOFfvr.1￿lo

foaE W0￿Et].9 FoJt]D riF4ISiE f4r40LNts IS • fLeA6L£ SMALL b)Iio's TO TNE E r&rO£CT.IJE E RETANe .fje f4$ SINA NistPlD, rv4t#tr46 GAP .Cu￿Tly WWJ4N6 RI6HTs fAAlhf4lSAT1t45 IK(ufi£ts FAL￿TIN11 ADILI ifRIlA GRANTS To E60.oOD b)gF SWPMTS iGANisf4￿cNr CfrtTIi :. IIGhT& IXGAIII4TIop IJITI n£xitsl£. f4AILTI ft4 IK¥ESY INTw6il EtFtcTi+& I VWCAT Ey re PosiTI A4£ AVAÉ wr* rwuT¥ To FArto. INffiw stKICT

THEPARIMÈR¥ INYESIMENTFUMD TrFy￿ffl1￿£7.fi￿.o0Dof￿r￿KeYl￿ed1Ur￿I ¢IwT*trnpyrtrbEr5hip5b￿￿￿eqUaINY￿Irmand¥jII EIgJRIM6 EgUITABLEFUID1116

17 WHAT WE DO: OUR THREE THEMATIC AREAS TACKLING EXTREME VULNERABILITY VALUING WOMEN'S WORK CALLING FOR CLIMATE JUSTICE 1dwty¥ththtr￿Q

18 TACKLING I EXTREME VULNERABILITY

R@$PONDllfrl@ ro ot20SES, ¢LAllNllNO ftOGNfS, fft@OUllLOllTrlfy wnifN LIESllLllEN¢E I Wework on humanitarian responses 8cros81 woild in ple¢es *h&Fp¢onlli¢t. ¢limate change an othei global $h4ck5 cornbinetu create asituation ul extremevulnerabibtyfor peoplea￿eadY living ITh poverty. We do this in solidarityantt wDikiThy ¢￿selY wrth partDei oiganisationsin thetoughest arnd mDStfragile placeson e3rth. fogether. we Support -Before. l tssed to 5ellfirewoodto buy Now. Dxfam has rEbuild with pEa¢e and resibence. and ieaOorblrfe- 58ving response tocrises. 88$ln9the buTd8n of Adugk. G8mbeU8. We5tEin Ethlopia FORIJS. DUSIIIESSASIJSIIALISIIOT AM DpnDM

A DEEP DIVE: EMERGENCIES "Ouringth• drovght. m05t ol oui heid$ suNiYed bBc£u5ethey atE animal feedf¥om our farm. Thpy became healthy and PTovided milk. Even the camels started Consuming the 8nimolfeed. Noreovei. my faffjilydidn'l havetu migrate. and my chlidr•n wete ibleto attend school btr¢8u¥8 we ha farffl that provide food for buth u5 and our 8nirnal$. We experien¢ed rain in dittergnt seasons. and since the ThECI1$15.. COITExr A CYCLEOFCRISE$11 PARTS OF EAST AFAIC&. SUCCESSES ANO PR06RESS Orfam15dEp*1nyth￿PRRapprDIth¥￿x￿uFll￿Atr hbr¥esteOfive bag5 of diought woieto o¢cui. rtwouldn't impact ffle or my family. aswp have 5tDiedfoDd acquiTedthe knuwledge to SUTvl¥ein hBrshtimes. Abdilahi. Sanag. Somalia

DRAWII OUTCOIIFUCT IIIYEMEM thicW5pub4chEahh OxlamasOPlrtmplaCE￿Parnn￿rlr4e&ts￿PrtFw￿(DT￿ 51acl*tatedthal nd￿1￿1

EXTREME WEATHER ANO INFORMAL $EThLEIIENTIM BANfjLAUESH lt•dw>lip￿Ie5 cwrnun1tyto(￿1eWSuc￿1h￿rn Sp￿$ Tr•wk4lior¢ityis tIJNFUCT AND FLOQDIMG IM THE DEMocf¢ATIC REPUBUC OFCQNGOIDRCI •irt•Wythswx•aP¢¢P Ane￿1￿￿0746XDle￿tw1peuplv￿fyllUkn$2 1$ •O•yih2QE3.

THECRIS1S1116AZA A6AIISTTHEODDS l1W&￿Sr￿￿Il￿S￿r￿s￿Ytyc•Ilnl￿ffl¢￿￿h•$h1lp￿d •itr¢U(low•Wrdkntr¢Wwtllln l&r￿lI￿lIke1￿rPWIE h1$￿¢￿slu1￿tywt1QwWtywPQY)￿Qn1s•tlQr4 ￿￿knES

In 2023124 Oxfam ,OIL IlbTb partneis in the occupied ** biiii l Mlh iÈ_Èl iiii Jlllllj, gpptoximateiy 1262.000 people. of whom over 151.000 wÈre supporteowithfood 133,000 people With water. sanitation and hygiBnE Pfomotlon support and 50mE THE CRISIS.. CO#IExr 14.000 people with piotECtion Najla Sh8w$, Oxf8m Country Relations Hanager ba$ed In Gèz8. WTitin9 on 17 October 2023

25 , VALUING WOMEN'S WORK

OXTrAN'S APPROAQCI TO A¢P]llEVllN@ @@frlD@ft @QUALllfV Gender intrqualityshow$up ifi manywaysand is a focu5 grea folthe véholp OxfBm confedeialiDn. Oxfam the systEmi¢ undervaluing Df women s work. This Mea￿swOrkIng tD changE Dureconomie5 thattuD often oppressand exclude *om8n and ignoie or18ke tor granted th&wurk that thtydo. rrtlplan nwenw¥JllndWw0rkingpDwu￿￿plbtF￿t0￿￿ytr￿ye￿A

CAMPAIGNING AND ADVOCACY ILDI116￿coLLECT￿E POWEP LEADERSHIP QF WQIIEW IIFORMAiWQftKER$ c￿n S<￿￿Of1h￿￿IySwES￿￿e￿thVrAl￿￿T￿tsth "Feminism lueisthe fir• in my belly lo fight any human light5 vio18tion$_ lam goingto ¢oDidin8ts ¥en¢oi$ ht t• ¢ng8gt 10¢81 leldws. especiallythe police ond the municipabty whDfDicefullypie¥eTrt 8ftom slbn9 on th• stieet5and ttEsign•ted marketspacÈs. t ¢rèat8 Sats $p8¢e$ftW women infDrmaltiaders." Rurnbidzai ￿be. one f the¥tndorswh tDDk part in the f¢ministtransformth IBadernhiptrainin9

PUSNllNO lofft ll @fftllSSRCOToe_otlllVE PllllN ON ¢llLIF Qtkll TNO athstDcllll P4M1•ndthw￿cl¢1m1R%lI¢ntfflQXuyOv￿fyr¢n On 24 O¢tob8r2023. eapa¢itrbuJlng.r￿￿pa￿n5rarthloF1Nftk Stitching Thweads of LMI thW¢•re¢a5ts¥èwshitystyn•p•r¢msiMJPtr+•ly•h11￿¢ry￿1 w¥$ $how¢8sed attha Sen2dd ¢Y￿rU Iwelsh expeiiences of unpaid backgiound5 across widlnfornwlwkinlh•UKl•ré Kthiy•¥éZhT•4tyrtléYlfyql Wa5 oFganised by the We Care Campaign, In P8rtnership with Oxf8m Cymru. We Care is gr•ssioots campaign has partneTed with Oxf8m on 8 number of 8Cf•8S the countiy.

CELEBRATING TEN YEARS OF THE WE-CARE PROGRAMME i&nDwIedfr￿ihP0Xfarn17Atrt1 hillw•ndZimbabt Equ•I¢•r•wkLV￿SQo￿*n1 dSo¢i41411aiis￿Elhv)l]lé￿tyTrFIÈ1W￿k￿fEts￿I

30 CALLING FOR CLIMATE JUSTICE

IA vllrAL sr@p FOt2WAt2D FO QLllNAf@ JUSTOQ@ Lo¥x-income tountriesh8v8 long bornethe bDJnt of o cbrnate crisi$ theydid ie8$t14 ¢168te. Fiomlloods and mole inlensetiopical 5torM5toslow-Dn5et di5aSters11ke se8-leYel rise. the Imp8cts on F4OPte's ifft$and liyelihwdsare devastating.

PILOT LOSS AND DAMAGE PROJECT IN KENYA -The community are givan thv rBSDUI¢tr¥ tD makB deci51Qn5foT themselv05, to enablp A coi4iiiirrY.LEDAPPROACH BEfaUSÈ the cornmunity reth&fiist and18st responder in any cris15. F￿th￿L0￿B￿D￿m1g1F￿n0tohay￿￿EM0￿L￿rQ oter scaicrtyh8$ huge iffjpartson children aThl wamen. Oirtywater ran beha￿tIOustoth¢Th. Piegnant women and young ¢hiidrtrn are ffrfjst alfECted. Cook1ng foi the ¢hlidIen requires atei.. Watershurtage5 aftect ninetyprcent ot a child's nuimallite. A ¢hild rnust P8t. shower. pvt on ¢14n clotht$ and thEll head to 5choDI. horAsrequit¢iT8ttto tun. W8tershurt8g¢$in schools ran neyatively irnpactthe children_- Halima 8onaya. Child Prots¢tionVoiuDteer K￿UMa￿e. l%oio CDuhty fot them. Gtylicha Wario. Loss and Damage Lfr8d at Oxfam'$ local partnfjr stratpgiesfor Northern Otv8iopmvnt ISNDI 1￿51￿￿￿￿n¥JhKh￿ythfr￿bn1hf￿￿jndtO •rrrtto 1x￿M￿1tygrDUp1Whh￿￿grm1lD

¢D&LLllMfy POO [2 | llllt2 QLllfrlAr@ It's *8$entl81 that we keep up the pre5SUTe to ensurethat enough geneiated farthB new global Lo$8 and D8m8ge Fund. epllrttlim￿eE U1￿ A ThEPa

134 PUBLIC ENGAGEMENT

5.699 679.093 Festival and 8vent volunteers Campaign actions taken 19,618 289,8511 Shop volunteers People took campaign actions 534 236,846 High street shops open as of 31 March 2024 Regular givers as of 31 March 2024

llTrlTERVllE WllTN JAN OLOFllELO, CHOEF sLJppoRfER OFFUCE Irt¢i$•￿1ty￿1tIo￿>1fjph￿￿Qpl$ts Tr4X wi￿d Imoualrty Drfo￿Y￿j AlthEwDnderfvlworkQLT5hw5￿￿ms￿fOgr￿ r¢￿￿￿￿&￿￿¢)re Ar￿￿(¢￿1￿￿0[￿tlTHJ￿lDspe￿￿￿uthFU1IY lund5rn15vd1￿Ind￿ldUll¥w LryaEwÈ*vii￿t￿ TrTVJdwos e'ip more POWErfulif we're led bythe peopl ta¢ing the ch¥llen9•8 of inequalTtyand poverty.- Imthèfutwe

fftftpofftrllN@ fft@rnuL Durinyth8 2023124 financialyEar. Oxforn ge￿￿Tated gross in¢orne of E102.8m Ihrougtt ourretiil a¢tiwties. up from £98m the pievious year. The rising c¢stof living. employee costs and continued increases In ienl$. ulilities8nd pioperty rnaintenance ha5 Impacted our cantributian.. howevei. we E102.ON 6R055 IA¢OIIE6EMWTrI THROU6H lET￿L income Stieam. 55E H16H ThEEfSHiWS IWIM$￿S￿￿Drn2GfJ}24 E1

AN ffxrtRAORDUPJALQY VOLLJNfEEfft murAli¢S•wun4thw¢rtd FEsmfALS t•s••lsw•rfryw¢wwnkngt¢*msm•d¢•swf¢•r4 I•s•u¢SS¢urn¢lwrk rteErhasb¥knwffhu5frKT57Ye￿srthr￿<tht1e[te￿rk￿￿￿nK1dE fpEoplefr¢wnahuyeWangeofb￿VthI -we •tè proud to play8 personalde¥elopmEnt DO dD can to ensui• that theyget th•fno$t out of th•ir tirnewrth us. M•n¢W1•i￿Ye￿¢QSIf￿YI¢h•YI￿s￿sllfSw￿.$l ThEaward15wEnl0c￿rtlthpK￿4￿ryO￿yt•ff

RESPONSIBLE FUNDRAISING Oxflm tbk8s 9r*8t tDsupporters who iicumstances SD as t Bll5UTe we are 5en51ti¥e SUPPOrt our cause.

DATA RIGHTS AND COMPLIANCE CYBERSECURITY *• itrPCHB540 Th5•11￿

41 I INSPIRE TRUST AND , ENGAGE

AN llTrJfEfftVUEW Worl JOVQE llDONUOOYE, QNllEF PEOPllE OFFllQER e needtD listen and {X¥rt￿dcOmmMmts}tfDp￿nll1Ll￿￿4wIg¢￿￿C￿r￿￿bytt imnow•g•Fou￿hx￿h1$h￿￿trIty￿tIT•WLTaryWE what we can bEttEr t8n dothelt bfrstwork

OUR PEOPLE Allfi9ur•SvJrrKto%u131 Nt4rth20ZI EMPLOYEES BY SEX AND 6RADE EMPLOYEES BY DIVISION EMPLOYEES B Y ETHNICITY ¢Thp LttdvshpTw 47%

Atoxfèm GB. we see p0¥8rty 88 $0 much rnoteth8n alack of resource5_ .5 caused bya system thatreliE5 On powtri $14wng ￿th 8 ptiyileged lew al theexpenseofthe many. We aim IDdismantie this system of poverty thiou9hthe pron7oli¢n of human light$. diYeisily8ndequality. TradrtionalEqu81ity. Oiyersity and Inclusion IEDII approache5 lend to look at thpeffprt5 Qtdisiiimination. As an BEYOND EQUALITY. DIVERSITY AND INCLUSION Èèfféti￿ theundeilyir4 causesof Iniusti¢e. we want togo deepe18nd look at the roDt l C8U8es of systemi¢oppression. Thi5 means".

PAY RATIQSFOA EARMIM05APRIL2Q2J TO NARCH 2024 UMIQM ME60TIAllOMSAMD i￿1￿$ WASE $BIDER PAY6APFQRO APRIL2023 REIIUNERATION POLICY plWsl•lfffl￿1On•rIW￿wbI$￿￿￿rt#tO lCE(4tystDII￿￿W￿$fWl9124 &kn4nbel Inwryp•yloTtr¢GEOW$tr•lell iy Th 2024 paid￿mpIO￿eefv￿2oI1I24h￿b￿￿￿￿U&l £IZ7.y4&w•SP•41O¥bX415 hlCEOr0h￿2u1Ilz Tlw¢ 4ty> ￿(￿n￿NY￿B￿￿cOfflpr¥bllOVN .d￿[kT￿anIs￿￿Stt￿N￿frArn￿nran 181.cump1￿d￿5$"l ￿2022123 iynifftanlwopllthnofyknpstsff ￿￿TUK fts27j461rdt￿yeWrjO11 The c￿ThnrtteeIS(o￿THI￿￿ih1ith￿C￿￿Trl linpwyrd1io￿￿ldt¢J I 113 l ￿lty￿3) r￿j￿￿E￿icLead￿5fvwTeIrn oIcE0￿5￿Ll•1n￿pT￿M•yèIrt1Léd IwmwEdto7 1 ￿102￿23) SqwrL¢•der5hlpT¢•mwy¥¢i￿￿Y￿•1￿￿Ill1

SAFE6NR0116 CASE DATA SAFEGUARDING In2021124 Oif•mG¥s>frwrthryte Wmrt￿￿￿aIpw￿mm￿￿a￿d9Qlvjhlth￿l￿ l•#ye•r f￿dI￿nIS5￿5. 11 ￿$&0[ If•iir4￿idU•I K¢ftot•k•yspossibl¢wwprllytouTrd2rt•I

We hayea dedicatedAnti-CorTUPtion team workingtDprW￿nL detei. OEtect 8nd respond to rep¢rtsof frau¢. thert. moneyiaunoeiing. nepotism a￿d p05sibletEriDTlSt fvnancing. The istiebiowing channel allo$ $t•tT partni$ anywheroin theworfdto reportconcernsconfideTrtially. AWTI-CDRRUPnON CASE DATA ANTI-CORRUPTION 141 txFwtyo¢tduft nfirTh&iihJvinBbEtnslDknorb5tto

STrEAMUMED EMtR6YAMP tARPOM REPORT2023124 CARBON AND ENVIRONMENTAL STANDARDS 14lP I￿2)rt4 ÈNEA6YEFFICIE#CY AcnoM$ fl￿￿￿)?￿rI0Z3r14wasyarlh￿?u1 k¢lotyJd•kty st411wtwolLED In445￿￿￿•￿1YLEDknJrt1￿￿ N¢wwtIWSySt￿I￿￿th￿rtS#dffI¢i¢n bEeTh￿￿ra¥PdlnnWt0r￿BlW5 Wt&r2in kl METMODOL06Y 114¥￿1￿￿￿k1y￿¢nl1fynthTr1 nity5thmEIES(s1 Trwihi$

PRINCIPAL RISKS AND UNCERTAINTIES RISK MAWA6EMENT FRAMEWORK GOVERNANCE OF RISK rlsk JBh&BbEenma1maiMd¥bAh85LT￿￿eryl￿S onr￿1￿￿?¥j￿0ITo￿Il￿hiP0Ith￿rl$ OXFAM 60 AISKS C£0￿￿¢4￿￿￿bySlr￿lcLIldr$N n5k thE￿￿￿fT￿￿￿5andtschalrDfARC •)Qroa¢hth1 SEMIOA LEADERSHIP REPORT116 CONTROLS FRAMEWORK ASYJRA¥CE REPORT5 WiWW4•s•¢￿1￿1h¢AR¢ This OPPORIUlllnE$ANDBALAMCED OE¢1510M-MAKIM6

SIGNIFICANT RISKS

51 OUR PLANS

STRATEGIC OBJECTIVES 2024125 world withoutth8 in$qualityth8t fuel$ poYerty.V¥ith incrÈ8$ed humanitarian nEEd from worsening clirnate change antt prolonged conflicts. as *ellas1￿￿e8sed I. CHAN6E LIVES. CHALLENGE SYSTEMS 4. GROW INCOME. INTERNATIONALISM AND INFLUENCE fighting and r2fining how we tteiwei on DUI puipose within this repidly chongiry vJ¢rid. 2. SHIFT POWER AND RESOIIRCES S. CO-OELIVER COMFEDERATION IMPROVEMENT 3. INVEST IN ORGANISATIONAL RESILIENCE AMD STRATE61C IMPACT 6. DELIVER A BETTER EMPLOYEE EXPERIENCE

53 STRUCTURE, GOVERNANCE AND , MANAGEMENT

CHARITY CONSTITUTION SUBSIDIARIES OXFAM INTERNATIONAL thE￿I￿a￿￿S{c￿￿Qanyt* 6IZ172) Omfih <tynp•ny￿Io£7 ¢a¢h rtaIlfefértnEè3toOxl￿￿GBth￿0m(1Mth￿c￿Irtff

OXFAM BOARD OF TRUSTEES UK CHARITY GOVERNANCE CODE ¥￿11

TRUSTEES AND STATEMENT OF TRUSTEE RESPONSIBILITIES sl•lemtnl$ lor4¢h¢w¢￿IYt¥ Unthrlhitkn IFTrustwsh4t wepweOt￿1InnCl1l8lI￿rnE￿sln￿¢WIw￿￿￿h￿rtt￿ Kwknn thkEjudge￿m5jnde*1M￿￿that￿￿￿a5<￿￿Wuth

PUOUC OEIIEHT 0￿￿1￿￿￿l￿ruEt￿elj￿¢￿lllnedlO￿ rEm&lnihwdwithw¢h¥¢abbig0¥i ai15lhe5bJ￿￿￿tsvII￿UndertIk2n￿kn￿1tr¢W COHPUANCEWITH TRUSTEES. DUnES DNIIUtSE¢noM 172121 COMPANIE9ACT 2UQ6 r•l¢gL¢•d¢rshpTe•m M**rtQuirtdwlwthwOMlarf55k•l ¥¢04l•W5

58 FINANCIAL , REVIEW

INCOME AND EXPENDITURE: HEADLINES Spending on charitablE activities incieasedto e272.3m thisye81 from E253.4m in 2022123. Orawing Dn rese￿e5 carriedforward frum pri¢r yeai and Income raised In year. we worked with our local partneis. countryand 18gionalt8arns (Ixfam 6B'stadbne 2023124 Inco￿ cknsed the￿arate569.0Th c4)mparedto EIrtIO.6rn inthe prewousyear. Restricted ir￿DMe decipasFd yeai-on-year to e193.OTDfiom E229.2m In2022123.This isexpiained ty loxei humanit8ti8n appeal income compared 1¢ 2022123 which Saw an exception81 numberof large hurnanit8ri¥ ie5pon5es inukraine. Pakistan. Syiiaand Tuikey. UTrre5tTiCted IllCOmE hasgrown toel7&Dm from£L71.4m in 20221239iven strong PErfoimance in our 5hopslelDI_9m upfvorn .8m in prior yearl and highei interest lates cash balances1£4.5m up fiom el.gml. Regu￿1 giving remainpd steady at E39.5m IE40.6m in 20221231. Legacy income reduced to EIS.6m ltrorn Elg.4m in 20221231 bul the pipelineremainsstrong and expected future incDme troffl estate5f￿￿t>Ich the a¢ministration hasyetto befin81i¥&d Is e&9m agai￿lE4￿rn in prioryeai. t123.4m was$ptrnt on geneiating curientand future incorne. upfrom ElQ6.4rn in 2022123.This Incre8$8 reflÈ¢t$ Iwtrstm8nt in unr&slri¢18d inwme generatiDn to undeipin thefutuie inftationary pressuies in the UK and arDun¢ the Oxlam ConfEd8ration.

NET MOVEMENT IN FUNDS RESTRICTED RESERVES MOVEMENT (EM) Ei¥ed ￿102¥23￿￿tyPrrt￿jT É60.SM xeb5EDfEg 212.21 e*2.9M_ EJJ.5M

UNRESTRICTED RESERVES MOVEMENT I£M) thIs￿r t1￿2]1• e2.211 ÈS4.Lll E115121M £175.IM £17L411 ÉIIQ7.91M

UNRESTRICTED INCOME AND FUNDRAISING EXPENDITURE CHARITABLE EXPENDITURE din2023n4toE2723rnfnxnf2534rn•72022123 E¥th1W￿lÈYrkn2￿22l23I TrADIN6 IRETAIL To￿l￿dInq RESTRICTED INCOME chaBedgDudsllinEa15llTrty7 T￿t￿b￿￿Er￿￿sThOvJ$ NWTilldlng￿0r￿￿hs￿￿T¢￿dteÈl2rnin302ll2￿1( £160m￿2022l23 Th515fatca1DbEa5I￿.￿￿dPCh￿trIw IE1&7m1tr2tr31 Ta ?SJA DOIAnQNS AND LE6ACIES 2Q22123I.d￿TrS￿O￿ry￿e￿ ¢k*dthEv￿r￿E3P&n(140&￿2O2Il￿IWSt>￿th￿a￿￿￿y￿

CHARITY FUNDS UNRESTRICTED RESERVES AT 31 MARCH 2024 IEM) £4.911 ES4.LM EMDIJWMEMTFUND5 EndaWmeffjf￿w￿￿E23mat31 Trtsth2O24131 Mwth2(k>EIknI nniheuseofthEc&pNllllsQtMrt1È)- RESTAICTEfj FUIIOS ÉJ2.gM É429mAI 31 MwEh2D24131 AWh2021 Wsrnl UNRESTRICTED FUNDS 31 K￿th2O23d￿￿Is￿tQ£s41M()l M¥th20Y4 Éfy18ml

GENERAL RESERVES POLICY GENERAL RESERVES DESIGNATED FUNDS t¢budduwfinanEial￿SlIw¢ry ¥1•& PENSION SCHEME b¥1￿¢1n￿l1*rtI￿1 fwNsilwc TF•v•lu•lI￿￿l

BALANCE SHEET AND CASH FLOW KEY FINANCIAL POLICIES INVESTMENT POLICY SHtIRT-TERN CASH IIOUMMBS Idy(trvewa5 Ow•llw•TJthdEcre (2Q22123 tIEY7fflkwrth %￿￿2￿22123￿th DECIWJ otrrttwhftN¢t•ly•al Ca>lba14rt•sd¢raEedTrDm£799m31 Mwch2O231otS$ >n3l Alwth2024 Fo GOIN6 CONCERN Twsl••sh•uÈrtyeedthplE5t L016.TERIIIM¥EST•IEMTS byLÉ cr••t•r••Sonableey4￿￿￿I￿OX11rnr loc¢xrtinUeiThopwM￿￿l￿1Stv￿1￿I￿l wthLGT5

FINANCIAL RISK MANAGEMENT 6RAMT-MAK1116 POLICIES Tts￿￿.cAPAS £B41¥•wO￿l￿X£l6Ik(JjlzrLJ El3lkl mo¥minisr¢m•ir4 thtyf4lld￿ ADopnoM OFIHEANIUALREPORT

67 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF OXFAM

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF OXFAM DPIMIOIIS ON OTHER MATTERS PRESCRIBED BY THE COMPILNIE5ACT2006 coItLU510MS AELAnN6Th 60116 ¢fjMCÉRA pyed¢MW¢Tht¥rhtrfftnll￿￿l311em?Trty. OPINION MAThEPS ON WHICH WE ARE AEgiJifiEOTO REPDRTBY EXCEPTIOM M¥th aTHERIMFOR1￿TI0I rth%¢rtlpJbyvÈ. knou10p￿10nlheI￿7•￿¢￿I1t•1*ffttrnts RESPOMSIBIUTIE$ DFTRUS7EES ASIS FOA QPINIOII

AUDITOR'5 RE5PQMSIBILrries FDA ThEAUDlfOF FIIIANCIALSTAVEMEIS USE DFQUR REPORT ￿￿￿a&￿￿u￿eMIk￿5O1h￿￿￿￿￿￿tatet0tr Tllthpful￿ CirfflÈUK LLP EX7ENTTQ WNICHTHEAUDITWASCOMSIDERED QFDEfECTIN61RRE6ULARrnES. IMCLUD116 FRAIK>

I¢¢OOfjTr]fS

QNSOLlllATED STATEMEMT OF FIMAMCIALACTIVlnES I07J X2 i• 104 4¢0 Bewnletnl 12Q22I23".rl￿r￿￿￿rIÉy*.lrn7 IA P7 17 L7

BALANCE SHEETS ATSI MARCH IJ 11 Irfjf Oxfwm CompartyNumbET411172 lJile¢tmbwZ014 16È11 UJ o• 71 *F

CONSIUDAIED CASH FLOWSTITEIIENT Pro¢¢th1sh¢mih•s¥•olill%y#ffwtS 7J ia R7 H4 4i5

I. ACCOUNTING POLICIES 8. IASIS OFCOISOUUATIQII C. FJIIDAcCOU￿IG A. AccouimMG tCMVEMnDHS IIEll￿￿[￿ew￿￿1rfII)l twie¢9podsltsTfjiStnbulWtober*fo D. INCOME EKDOWMENT5 DUN￿11￿￿)05

E. EXPENDITURE ON RA151116 FUNllS K. FIXED AND CIJRREMT ASSETINVESTMEMTS 6.$O¥ERIAM£E¢OSIS I.TERIIIMAnOI BEIIEFITS J&¥ lty7ci￿InElUde5l￿cuxsCWthrtlStyWth F. EXPENDITUAE OM CHARITAFLEACIIVIIIES $￿IlE￿￿tIfflprt1ThstiryF￿d￿idEUF FU￿￿etreated&s￿Imedfim)t1 H. ALLO¢AllDM NJID APPQRllQlMEWY J. TA1610LE FIXEDAS5ETS AMD DEPRECLlllQM •lgAnJ•nd4Ow¢y Urthrih•hralry5 WA gryrnbit>wetyrA¢•ltylrrt•y¢¥sthA Jwhtrrtrtli*¥5 L MICRO-CREDIT 5CHEIIE5 ITHROUOH FINIICE FOR DEVELOPMENT LIMITEDI ioi

tllsuchiim•it1JPDS51b￿T01f￿￿knffi• Urthrlhewfp2Qlg,IhisfflWwq&lxFw¢ rf&indl￿dUlICÉW￿LYX￿ yurnd . opEunwts LEASES 11. CASH CASII EOUNALE#TS 11. FORE16M CURREWCIES | S. FIIAMCIALIMSTRUMENTS InhaTh2in¢ludo&Im￿￿ff pAovIsIoIs DthtrAn•r¢l•l4sWs.r<kKhrfjlwslm¢Tht¥ O.STOCKS P. PENSMI $￿tHE 15t￿dI￿ve effectrrfethwo%lrtth

T. ACCDUHTIMG E5TIIII7ESAMD KEY JUDGEMENTS W41￿h¢￿tI￿¥s tr•rwT4l•nc¢> Y•w

1. INCOME AND ENDOWMENTS A. DOMAnQllSAMD LEtsAUES . CHARITABLEACn¥lTIES (2022m t4fv1 i•A 1SsA 71F

. CIIAWTAFLEACTIVITIESICONT.I 11 1116 1547 1Jl? 41

. ¢HARITABLE 4CTivrriES ICDNT.I IOKiSiW4bp¥edfyithesty4trW p.n 7.161 IQ7 1141 1514 LOTi Cwllsr<•yUwni￿Wrf5ts)

C. OTHER TrADIN6 AcllviTIES

D. INVESTMEITS 3. EXPENDITURE SIIIG FUMD5 J1 L OThERII¢OME •2

• CHARITABLEACTIVITIES i2ty 16*5
• A¢n¥mesuNotkTAKeM oiAE¢nY SP•¢ialiMS•Prtsl.•
• GRANT FUMDIN$QFACTIWnES 53 JI742

6iANT RECIPIENTS. OXFAM6B U31 31 I￿a￿￿2D21￿￿wtts￿ IA5& HECA-HonEI*￿cImThIAf￿E￿ IW7 0$5 425 374 481

BHANT RECIPIENT5, OXFAMAFFIUAIES B11111. SUPPORT COSTS 31 mMÈdE1r￿it3r￿￿l I￿lIeJj US

C. OTHEA EXPEMDITURÉ 4. EMPLOYEES OXFAM GROUP Y￿￿￿￿1￿￿￿re51l2D23rn? 461 Ji Yurtrji 137fi 2.D•

1. STAFF COSTS .1116HER PAID STAFF ¢ty4r•Ctp•￿ls1n￿eUQtÉ¢1$staIonp1th rap￿1 4+ Jzi T￿￿Y4r A. STAFF COM Ltdfvtr4¢8 tO.4mttQZIIE3 £U.S%i1k¢l*krhLofwn(￿22l

¢. KEY MANA6EMEIITPEASOIINEL 12tr2203 lllx) J111ththlQ14 Trt IW14 WthlCFOI- 1ty7.2Q5 iir 7.7 iQ7. IISIS sq I14ll

1. TRUSTEES. AND CHIEF EXECUTIVE'S EXPENSES
2. TAXATION

3. NET IEXPENDITUREII INCOME FOR THE FINANCIAL YEAR 31 t4rlDSI ma￿￿2) 12buN￿1￿￿11iry£317syP02￿L Ilou 3) eÈ7.S0712ts22n3 ÉILlb$41 .J&p] ofA*IthE45OIIUIZJ2>E1410Iw45giwenfr¥

4. TANGIBLE ASSETS OXFAM A•rth20241sflfjm(2¢2W.£Z*I IW12 Ji OXFAM GROUP t7 XF ]53 2A)

5. INVESTMENTS HXED ASSET IMVESTMEIITS IOXFAPIAND OXFAM GRWPI TOW *4i W]PE3 CURItEhT ASSETINVESTMEMTS 31

. SOCIAL IIIVE5TMEITS ¢bWINrtr S¢&97Q￿o￿￿z7III 97Q&Iw e5of25peach1nca￿d￿￿Ga stewtd 5¥ InLuryhW Lkn2Qj￿Wy?oI7 0￿&￿A￿lIttlE5Ltd￿dS8333Y￿p￿2y12 Thi$¢urnp4ny•IrnslowfyTthl•trtr￿ É47*131 M¥th2DfJ

C. SUOSIDIAkY VNOEATAKINGS At31 M¥¢N202•.O￿￿￿d￿IM1￿ bwof&dMvJi¥yvfhlwl•ktys MJ¢I D￿￿￿&S￿￿11rl￿I&Èl Im[￿22123 51 YI J1 Wlryl4 i J1 *J31 WrfhZ•ZJ A)

1. STOCKS

2. DEBTORS £¢7ffl1￿2￿ tQ>Trl

3. CASH AT BANK AND IN HAND. AND CASH EQUIVALENTS

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

6. PROVISIONS FOR LIABILITIES

7. CONTINGENT LIABILITIES

8. ENDOWMENT FUNDS 31 r<r4￿T"￿￿F Z3F4sbBEn(alrul41E6aB£Dlrrylm￿ loto

9. RESTRICTED FUNDS 1pa￿7j JiV4rh •4 IZ4 171 DXFANAIID QXFAM GROUP 4FJ IJ . i•JJ 14 37 r￿0ft￿￿[In1￿C1LYmr.f4t•llWrc￿11E￿s 27 IF MSrch2024&rn￿mE0I￿£E￿Ml51 j.qml 0frplmbuwwtlxlll5￿thC￿IWt0￿￿tytr* lj JJ D3) ¢1 Q2 •9 ij 114 tt7J AJ 22 7J (lljj

10. UNRESTRICTED FUNDS MOVEMEITS OM UNAESTrICTEDFLMIDS AREAS FILLIWS.. ourie51ThvEiiEdinihechartf&laryiNpfiNE 1ss¢ls•nd¢¢mwTrfft￿d•ls¢tIfiy¢slmtn1s Tr¢lw Th•COunlryDiStrlt￿ltyF￿liWi*Mth

11. COMMITMENTS A. CAPITAL OPERAnN6 LEASES *J31 131 M•th2023 . FIMAMCIAL 4t At J JThknth2K4 knfrw_D-diD

. PEN510M 5CMEME ¢QMMlnlENTS OXlrnop2r&ttsdefin¢db￿eftrrt￿tr￿d Jl UK Thsis•sip•r•telruSt4e•fyminw•Jl Irh￿l￿￿1lern￿￿ p￿1¢1￿1￿1$.1h1￿Q•D￿￿bIl￿1.S0FAch￿ i￿1￿71$ ID63Olpw4ifiiWEw(￿2II￿￿ 7¥ts16 y4¢1oMIwtPtyWry￿th Ply) yeww•sÉty3rnPty22tt3 É¢gMI C4rArI￿ 1201W13 ED8ml 1n•thxw￿r¥n&thvj OKf4Mlntem￿lpI￿EOlm[IO￿ Éthirnlrd m*ch2o24￿£D&

Jiw l Mwy2fwisahauDIÉJ)2rn Y•w¥ '.4

1. FINANCIAL INSTRUMENTS

2. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS 3114 IF

3. RELATED PARTY TRANSACTIONS DAlam.oALw￿0A 341 51 4] nq ÈwicP 17J Amoun15ufEI0.931.679IZll2Zlll £1.59U.rnI eyidits•iOE5376IQP02LTr3 E40I.7141 4•6 p•I&£B.W,9BTrIZQZIIZ3 £B.ZUZ.4Z6INsioty ¢fthp¢onr￿V•￿n.cQOrdthm+W11￿41b￿s1 athli¥lI4￿￿tI.1sIJ9I 1202pn3 £38v99)￿ lrthnal1￿tsYO￿￿1i3l M*th20fJ £85 OnzfjWubw20l51tr¢tsf•rntht￿t￿

105 ACKNOWLEDGEMENTS

Thisye8r Oxf8m h85 been abl810 psrtnerwilh ¢omrnunities8round th8 world lo t8ck18 poverty. thanks fjO¥ERMMEMTS. MULD￿TERALDo￿fjR AGENCIESAMD QTHER PARTNERS GtrAthr4WL¢ hèv8 tslood olongside us. Not1¢88t Durthanks gaestD colleaguesaround the vjorld. and the partners who have trust8d us to supportth8m in the b8St W8yPOS51ble. Sve can acknowledge just some ol you heie. but plEase know th8tvJhelhei you hayeworked with us. volunt8ei8d youi time. signed EU-￿0￿ COAPORATES 4W¢ylgDA) TrT By Coming togethei. w&¢an make change happen. ui

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CORPORATE DIRECTORY OXFAII 6B BOARD OFTRIJSIEES IAS ATJI MARCH 2Q241 MOI-TRUSTEE IIEMBERSOF QIIMITTeÈs IASIT31 MARCH 20241 PRI#CIPALPROFESSIOMALADYI$ERS a5 a company limited by guarantee Jl SSC0390421. It5 objects and powersare Set out in Ilsmemoièndum 8ndArticles of As$oci8tion. Oxl8m. the Eharity iegisteied in England and WalEsa5 ECZMUA ¢UK LL ¢4M7 frorn athermefflber5 of the Dxf3m conf&d8ration.Throughoutthi$ ieport all reference5 to Oxfam GB refeTto iir•Y4)" Frt5hhWts8wthWsD ECIYIHS Ch81ity Commission and Compani8s House in En918nd 8ndWalE$ e5 &bo¥e. 2knHII Key.. 116VIP LSTWt•

STRAIEGIC LEADERSHIPTEAN IAS AT31 MARCH 20241 InlerlrnCIME1Ewul￿1off￿r Shknl lrtlirlrncF￿0pPTh1￿off￿r. ¢hi¢1p￿pknOr[￿lr hielSvPPOfftTOK