Cord Global (A company Ilrnlled by gvaiantee) Annval ft•port gnd Flnqnclal Statremenls Year endlng 31 December 2023 Chailty nvmber 1070684 ompony number 03566119 Cord Globul Bourd's onnvul report forthe ywr enifing 31 December2023 Ob e11¥•5 ond oclivthi• Our *41slon & mlsslon Cord's vi%on is of o worfd where all people live in the fullne55 of peace.- having the freedom to flourish and live free from fear. Our rniss￿n is to tronsform dy5fvnctionol relolion5hip5 belween individuals and communities and those holding power into positive and Ihriving relationship5 bvilt on rrTUtvol dependeney and trust. c￿.$ Yiyon is o worfd where peace 15 fully Teolised. We wotk to be on effective porlner for peace in Africo and Asio by worknng irn soclelies affected by violent conflict and poverty. developing the copaclty of partners to build sustoinable peoce. Objecllv Cord's Memorandum of Associotion h05 Iwo Ch(￿tobItr oblech"ves'. l. To relieve people in need In ony part of the wortd, especially refugee5 and children who are suffering by reason of bockground, war or poverty. 2. Ihe advoncement ol the Chri5than foith. Cord advanceg the Chrishan foith by corrying out practlcal work relieving poverty and promoting Social eohe5ion lo build peace. wothng with people ond communities of all foiths or none. The Council refe￿ed lo the Chodty CoMm￿s1On'$ generol 9uidonce on public benefil when reviewing our oims and objectives and in pltsnning our Ivtvre activities. In th8 following pags5 thi5 report demonstrotes the public benefil of our work and how we hove worked towords CorLI's stro71egic oimg. Valvè5 and op•rallng wlnclples W• urn composslonale and we find within ourselves o deep concern for our fellow humon beings who ore not flourishing. We recogni5ed th15 15 best demonstroted in proctical oction cJ5 well as through words. W* valu• •v•ryone and recognise that every humon being is creoted vnique ond speclol. We Iherelore place great volve on every human life being worthy of dignity and respect with lundomentol rights that should be protected. By creathng opportunithei for people of cfifferenl grovps ond bockgrounds lo come together. we ore breaking down barriers and helping people see eoch other 0$ th&r nei9hbovr rotheT thon Ihe'otherf. W• are Inlerdepend*nt and know that commvniti85 ond soclettes worf( best when Strong and heolft)y interdependent relationships are formed. We •xplor• lh• Tool covses of conificl. pu9hlng through superficial and ￿sible effects to vnderstand hidden drivers and how we can address them in the most 5uslunable way. Gronl makln9 polky As part of earrylng ovl some projects. Cord mokes grants to NC05 where the activities ol Ihe NGO fits with Ihe PLwoses ol the Cord rogramme. The amount purpose of o gront is set out in o portnership agreement between the fv¥o orgonisahon5. the NGO is reqvired lo rep¢)rt back to Cord on expenditure 090inst bvdg8t and on progress towords objecthv8S. Cord Global Board's annual veportfor the yeor endlng 31 Decembor 2023 lconfd) In¥oslm*nt In Reltsllgnshlps Lookin9 bock over 2023 it is evident thot the wortd continues to be a volotile place. Significant conflicts hove storted in Sudon ond Palestine over the post year in addition to the continving conllicl in Ukroine wNlst olher conflicts, such os that in Yèmen. have escolaled. The mllltary nJle In Myanmor, thou9h mostly out of the medio 5POtlight. continuas and many millons of lives hawe been adversely offected. Cord's vision remains of a worfd where oll people con live in the fullne55 of pooce." having the freedom to flourish and live free from feai. Whilst this ¥1￿0￿ conthnues to be highly ielevont. it is olsts unf¢rtunolely o distant reallty lor so mony people globolly whose live5 hove been tumed upside down by conllicl and are Ilving in fear. However, that is not the full picture. we must look Ivrther to See the full reallty. I was reminded by o colleague recently that il is often the quiet unseen acts ol kindnes5 and brKIge-bL￿ldIng that Can hove the biggest impocl on people's lives. The consistent ond methodicol investment in relothonships 15 something thot 15 not a￿ayS the mosl y1￿￿e. but It Is something thot we must not neglect omidst the clamour lor direct military actlon. For fighting lo stop, lor communities lo heal. for people Io co-exlst wlthout the tt)real of violence. Ihere must be efforts locussed on building relolionships. "They shake ovr hond$ wNlstr klcklng our b¢)ots" Over the post six months we hove been taking the opportunity lo review ond reNect on Cold'5 Strolegy 'Promothng the Power of Peaceful Relationships" to ensure il remoins relevonl foi the challenges of todoy's world os well as laking the opportunity lo pause. rellecl and lectm from ovrwork. We hove been discussing with portners Cord's approach to building relatior￿hlp5 between those in power, often Govemment or Mulli_ Nathonal bu￿rneSSes. and communit185. We hav6 o righls-btssed opproach that we toke os the foundathon lo our work however we recognise Ihat convenknonal engagement befvieen rights holders Icitizens like you or11 ond duly4)eorers lollenlimes Govemmentl con lead to adversoriol encounter5 that don't necessorily leod to po%th've change. We reco9nise Ihot there 15 0 place for vocal advocacy that pr855urises thos8 in power into change and for campaigns that roise public awareness of different issve5. However, thol is not the opprooch Ihot Cord lakes.11 on Ihe one hond, we ore to be successful in build'ng relotionsk4ps with those in poweT in ordor lo help inflvence and shape their opprooch to commvnities then the other hond ¢onnot be doing something thot pushes them oway. Cord's aPPToa¢h 1$ one of quiet diplomacy. establishing trust and confidence such that real and meoningful change is possiUe. I recently heard vio one ol Cord's partner5 a quole fTom a govemment officiol in o country where Cord works that sums UP this situathon perfectly. The Governmenl official had been on Me receiving end of quite criticol public odvococy regording a porhcular rights issue thal the community was conc8ined obout. At the same time. however. the commvnity wonted to bvild relotionship with thè GoveFnmenl lo resolve the issue. The Government official sold "Ihey shok& ovr hands whilst kicking our tx)ots" highlighting very eloquenlly Ihe sense Ihat it's very cfifficult to build relationship with people Ihat you are publicly ctithcising. Cord Globul Bo(Yd's annual r•portforth• y•ar •ndlng 31 Decomber2023 (cont'd} A hlevemènts and •rfomianc conyd l am Increa￿nglY convinced thal Ihe relational approoch thot Cord tokes is o vital one in moving forward many situations globally where people's rights are being reslricted. Whon WOTking in context5 where tt)ere ts introclable conllicl, building strong relationships that lost and ore based on mutual resptrcl ond trust can be chollenging, timeCommlltee which focuse5 On Ihe future directlon of Cord's progromme. Rlskmanagemenl The Boord acthvely reviews the mojor risks to whieh the chority is exposed to engure thal systems ore in place to mitigatè those risks. A risk monogemenl subal Board's annval reportlor Ihe yew endlng 31 D•c•mb•r 2023 Iconyd) The poy of oll staff is governed by the Cord Global Gradin9 Strvchjre that was introduced in 2022. This is guided by the Pay Philosophy and Pay Approach documents that OV￿lne how Cord will set salarie5 Qnd how these will be reviewed. Cord se15 poy oc¢ording to 5 key principles as shown below.. Fok Pay- We wont to en5uro that our approach to pay Is fair to dl staff. recogni%ng thot evgry staff member adds value ond contribvte5 to our orgoni5Qtionol impoet 2. Eqvttubl• Pay - Within Cord we want there lo be equitable poy. This 15 demonstrated by a consistency in opprooch to rewJds across the organisoth'on regordle55 of location. nolitsnality and role. 3. Affordable Pay - Cord is a relatively small charity and people costs ore a significant investment lor the organisotion. Having the deslre to be o good steward of funds, il is crucial that Cord mokes pay choices that are not only lair and equitable bu* sustainable lor the orgonisation. 4. Value lor money lor $upport¢rs & donors - Cord prldes itself on our approach to our work being good value for money. We ocknowledge the responsibillfy we have to spend money trom supporter5 ond in5titutionol donon wisely and lo ensure that we steword those ￿ndS responsibly. S. ftecrullment & Relentton ol talent- For Cord to be a 51iong and suslalnable organisation, recruikn'ng and reloining high qvolity tolent 15 Criticol. Cord periodically bgnchmorks our solories against comparative organisation5 to ensurg trocking with the appropritsle Ma￿et rates. Fundra151ng A¢llthes The chority's unreslrfcled Ivndralsing activities are undertaken by its own Fun(*0i5ing tetsm. with overslght by the organisolion's Leodership Teom ond thg Boord of trvstoes. The chority is o member of the Fundrai￿ng Regvlalor and abides by their Fun(*aising Code of Pracliee which covers variou5 05pects of fvndraising. The charity periodically runs telephone fundr0i5ing compoigns. The chority is underslonding and compassionate towards 115 5UPPOrter5 and will never expl(xt vulneraLNlity. We do everything we ccsn in order to 0s%s1 ow supporters to make on informed decision obout the 5VPPOrt they ch005e to give to the charity. We deal with eoch donor on a cose-by-C05e bosis and do not accept donatio￿ where we have reoson to believe thot th& donor may be experiencing vulnerable circumstonces and accepkn'ng the donation would be eth'colly wrong andlor harmful to the donor. No comploints hove been recaved by the charity directly about its fvndr01￿n9 o¢tivitig5. Relerence and admln15trotlve detaU5 stotus ofth• cha Cord Global, algo known as Cord, is a company limited by guarantee not having share capital (Nts. 35661191 ond o registered chartty INO. 10706841. Cord 15 managed by a Board who act as direcloT5 of the company ond twstees ol the charffy. Cord had eighl Board members ot the dote of this rgport. The following held office as director5 (members of the Board) during the year and olso held office at the dute of this report unles5 otherwise stated.. Maulen Fontein Cholr Abigoil Knowles Katt)erine Breoley Adrian Hawtho Resigned 1610912023 Appointed Vice Chair 2410112024 Resigned 1010512024 lain Wilson Rebecco Snead Abigoil Sump*'on RoLin Greenwood Andrew Moclay Appointed 0810912023 Cord Global Board's annvol rèport lorlh• y•ar •ndin9 31 D•c•mbev 2023 {conYd) stalus ol the chorlty {conYd) In occordance with the Articles of Assoclolon, Ihe Bc>ard oppointed three committee5 lo help wilh the running of Ihe offoirs of Ihe chofity in the areas ol finance. risk and programmes. The Board aims to have at least Board member represenlatives on Ihe committees. The Board oppoint5 the commitlee on an onnual ba￿$. Members ol the Leadership Team ond other key stoff were also appointed to committees. Chief Execvlive= Andy Posk Kcrtits Richcydson Company Secretary.. Charity registration number. Compony regKstrathon number.. Address of the charity's registered office= Nome and address lo Ihe bank.. 1070684 03566119 Enterprise House IG71. Foleshill Enterprise Pa￿, Covrtovld5 Woy. CV6 5 NX Boyrclay5 Bonk PLC, 50 The Porade, Leamington Spo. CV32 4DD Stglem•nt of Iho Board's re5ponslbllltle3 The Boixd (who ore olso the director5 for Ihe purposes ol company lawl is responsible for preparfng the Annual Report ond the noncial stolements in occ(ydonce wlth applicoble law ond United Kingdom Accounting Slandcyds Iuniled Kingdom Generolly Accepted Aceountlng Practice). Company law requres the Board to prepare ffnonciol sttstements lor each financial year, which give a true ond lair view of Ihe state of offairs ol the cholltoble eompony and ol the incoming re50urces ond ap ￿leah0n of resources, including the income ond oxpendilure. of the charitable compony for the year. In PTeparing these finoncial stalemenls. the Board is required lo.. select 5uilable occounting poticies and then apply them Consistenlly observe the melhods and yinciple5 in the Charilie5 SORP 2015 IFR51021 make judgements ond estimates thcxt are reosonoble and Prudent state whether applicable UK Accovnthng Stondards have been followed. subjec* to any material departures disclosed and explained in the financial 5tafements epare Ihe finonaal stafemenls on the going concem basis unle55 il is inappropriote to PTesume thal the charitable cempany will continue in opeTothon. The &oord 15 responsible for keeping adeqvot$ occounthng records that disclose wlh reasonable accuracy at any time the finonciol position of the ehorilable company and enable Ihem to ensure Ihot the financial stolements comply with Ihe Cornpanieg Act 2LY)6. Ihoy ole also responsible for safegvording the ossets of the charitoble compony ond hence for loking reosonable 5tep5 for the prevention and delection of fraud ond other irregularflies. Cord Global Board'g annual report lor Ihe year endlng 31 D•c•mb•r 2023 (confdl stalement of the Boards re$ponslbilili•$ (¢onYd) In so lu as the Board is oware= • there is no relevant audit informotion ofwhi¢h tho choritoble company's oucllor is Unaware,. and Ihe Bgard have taken step5 that Ihey ought to have token lo make tt)emselves owore of ony relevant audit and to 851ablish that the au%Jllor is oware of thal Informaffion. This report is pr¢pored in accordimce with Ihe special provision5 of Part 15 of the Componies Act 2W6 reloting to smoll componies. Approved by the Board on 10 May 2024 and signed on its behalf by.. Ma£Yten Fontein Chair ol Trustees Cord Glob( Ind•p•ndenl Avdllorfs Reportlo the Trustees of Cord Global Oplnlon We have audited the financlc4 stotements of Cord Global (the 'charitable company'l for the year ended 31 December 2023 which comprise the Slatement of Financial Activities, the Bolonce Sheet. the Cashflow St(xlement and Ihe notes to the financial stalements, including significant accounting policies. The ffinoncial reporling framework that has been applied in Iheir preparation 15 ap Jita￿e law and United Kingdom Accounting Slondards. including Financial Reporling Standard 102 The finonciol Reporting Stondord appriCak￿e in the UK ond Republic of treland Iunited Kingdom Generolly Accepted Accounting Practicel_ In our opinion Ihe financiol statements= give a true and fair wew of the stote of Ihe choritoble company's (Jffairs as ot 31 December 2023. and of its incoming resources and application of resourceg, including ils income and eXpend1hJ￿, for the year then ended- hove been properly prepored in accordonre wilh United Kingdom Generolly Accepled Accovnling Practice.. and have been prepJed in oc¢ordonce wilh the reqLThrements of the Companies Act 2(K)6. Basbslor Qplnlon We conducted our audit in occordonce witt) Intemalional Standards on Audith'ng IUKI IISAS IUKII ond applicoble law. Ovr responsibilities Under those 51ondards are fvrther described in the Auditor's responsibilities for the ovdit of tho finonciol stotements Section of our report. We are indepondenl of Ihe charilolJe company in occordance wilh the ethical reqvirements Ihot ale relevont lo our audit ol the finonciol statements in the UK, inclvding the FRC'S E1hicol Standard. ond we hove fulfilled our other elhlcal responsibiliti85 in occordance with these requirÈment5. We believe that the oudit evidence we hove oblained is sufficient and oppropriate lo provide o basis for our opinion. Con¢lvslons relullng to golng ¢ont•rn In oudiling the fir￿ncIal 51alements, we hove eoncludea that the trustees, uge of tt)e going concern basis of accounting in Ihe preparation of the tinancial statements is oppropriote. Based on the wort we hove performed. we have not identified ony moteriol vncertointie5 relating to events or condition5 that. incfividuolly or collecthvety. may cast 5ignificont doubt on the charitable companvs atxlity to continue as Ix going concem for o period of at least twelve months from when the fir￿ncIal statements ore ovthorised for issue. Our responsibilities and Ihe reSpOn￿bIll￿"es of the trustees with respect to going concem are described in the relevant secthons of this report. 01￿1 InfomKllon The other inlomation comprise5 the infomation included in the board's annual report. other than Ihe fIr￿ncl01 statemenls ond our avditor's report thereon. Th8 trustees ore reSpon￿ble for the olher infomiotion contoined within the boord's annual report. Our opinion on the finoncial 51otèmenls doe5 not cover Ihe other intolmalion ¢Jnd. èxcept lo the extent othe￿￿5& explicitly 51oted in our reFX)rt. we do not exFxess any form of 0$5urance conclusion thereon. Ow r85ponsiblily is to read the othgr inlormalion ond, in dThng 50. consider whglher the olher inlomiation is matetially inconsistent witt) Ihe finonciol 51otement5 or OLf knowledge obtainèd in the course of the audll or otherwise appears lo be moteriolly misstaled.11 we identify such malerial inconsistencies or apparent maleriol mis51otement5. we ore required lo delemiine whether thlg glves rise lo o material misstalement in Ihe finoncial stalements themselves. ff. b05ed on Ihe work we hove performed. we conclvde thol Ihere is a m17terial mi5StaleMent of this other infoimathon, we are required to report thal fact. We have nothing to report in Ihlg regord. Cord Global Ind•p•nd•nl Audllorfs Reportlo the TruJtee5 of Ctyd Globol (conldl Oplnlc*n$ on olher mollers prescrlbed by the Companles Ac120116 In our opirytsn. based on the work undertoken in the course ol the audit.. the information given in the boarcl's annual report lincorporoting the director5, reportl for the financial year lor which the financial statements are prepared is consistent with the finoncial statements- and the board'5 annual report lincoiporating the directors, reportl ha5 been prepared in occordonce with applicable legal requirements. M(thws on w1￿Ch we ore required lo report by excepllon In the light ol the knowltrdge ond vnderstonding of the choritoble compony ond its environment obtained in the course of the audil. we hove no* identified moteriol misstatements in the board'5 annual report. We have nothing tg feport in respect of th¢ following matters in relation lo which the Componies Act 2006 requires us lo report lo you if. in our opinion.. odequote accovnting Tecords hove nol been kept, or retUm5 odequote f(x our avdit hove not begn received from branches not visited by u5.. or • the financial statements orè not in ogreèmenl with the occovnting records and relvrns.. or certain clsclosures ol direclors, remuneroth'on sp&¢thed by Icw or$ not mode.. or • we have not received all the information and explanolon5 we require lor our audit.. or the ttuslees were not entitlsd to prepare the finonciol slalements in occordonce with the small companies, regime and lake advantage of the small componiÈs' 6xamph(>n5 in preporing the director5, report and from the reqvirement to pieporg o sfftjtggi report. R•4)onslbllllles ol trvslees As explained m¢xe fully In the boorcl's responsibililies 51alement. the tru5te&5 (who ore olso Ihe directors of the chorilable company lor the purposes of compony lawl responsible for the preporotion of the financial statements and for being solisfied that they give o true and loir wew. and lor such internal Control 05 Ihe trustee5 determine is neces50ry to enoble the preparation ol financial slotements tho* ore Ifee from matedol misstolement. whelher dve lo fraud or erTOr. In preparin9 the finoneitsl 5ttsternent5. the trustees are respon￿ble for assegsino the choritable company's abilify lo tonthnue og a concem. disclosing. 05 opplicable. malters rel(Jted to going concem ond u%ng the going concem basis ol accounting unless the Irustees either intend to liquidote the charitoble company or lo cease operations. or hove no reoli5tic allernalive but to do so. Audtto¢s ièsponsibditie$ lor the audtt ofthe ffinanck￿ stalements Our ofy'ecth'ves ore to obtain reosonable assurance ¢Jboul whether the financial 91otemen15 05 a whole are tree from material misstatement. whether due to frovd or error, and Io ￿5ve an audlor's report that includes our opinion. Reosonable assurance 15 a high level of 0s5uronce, but is not o guarantee thol on oudl conducted in accordonce with ISA5 IUKI will alway5 delecl o moteriol misstotement when it 8xists. Misstotemenls corn onse from fraud or error and ore congdered moteriol il, individuolly or in Ihe aggiegale. th8y could reasonobly be expected to influence the economic deasions ol u9ers token on the bosis of thsse ffnonciol stolements. IIToguloritie5. including fraud. are instances of noTrcomplionce wilh lows and regulations. W8 design procedures in line with our regpon5ibilith'es, oullined obove. to detect mal8ri91 mi55tolements in respect of irregularities, including fraud. The specific procedvres for Ihi5 engagement ond the sxtent to which these ore capable ol detectin9 irreovlorities, including fraud is detailed below: Avditing the risk of monogsrnenl override of conlrols. including ttryough le5ting joumal entries and other adjustments for appropiiateness.. Reviewing minutes ol meetings of those charged with govemonce., and Enquiry of managemènt to identify any instances ol n0￿compria￿ce with laws and regulotions. Cord Global Ind•p•ndenl AudSWs Report to Ihe Trvslees of Cord Global (conyd) Audllotrs responslblllles tor Ihe uudll d the hnancld stalements {conYd) Because ol the inherent limitation5 of an audit. the￿ is a risk thot we will not detect all wregularitie5. including those leading to o moterial misstolemenl in the finonciol stotements or noTrcompfiance with regulation. This risk increases Ihe more that compliance with a law or regulation Li r8moYed from Ihe events and Ironso¢thons reflected in the financial statements. as we will be le55 likely to become cNore of instances of nonr a legacy has been received after the accounting year end an¢J il 15 cleor it has been agreed by the personal repre5entative5 prior lo the year end it IS inclvded within income and accrued within deblor5. Èxpenthbxe Expenditure is accounted for on an accrua15 basis. Fundraising c051s include the Salaries. direct expenditure and overhen value and svbseqvently Measured at their settlernent value. Crfhcal Accovntlng E5tlmotès and Jud9ements To be able to prepare fi'noncial statements in occordonce with FRS 102, Ihe charffy must moke cgrtain eslimotes ond jud9emenls Ihot hove on impo¢t on the pollciss ond Ihe amount reported in the annual accounts. The estimoles and judgemenls a￿ boged on historical experiences ond other factors including expeclotion of hJlvre events thot are b81ieved to be reasonable ol the time such estimotes and judgements ore mod8. CORD GLOBAL NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023 Unreslrf¢ted Rejtrlcted Total Fund5 Total Fund$ Funds Funds 2023 2022 2 DONATION AND LEGACY INCOME Individuals 216,840 120 216,960 195,202 9,731 ChuTches 19,931 5,801 25,732 Corporates Trusts 18,493 25,5 18,493 IS,490 13.5 Legacies TOTAL DONATION AND LEGACY INCOME 50.984 50.984 35.785 331.748 S.921 337.669 269.708 Unreslricled Reslrkled Total Funds Tghl Funds 3 INVESTMENT INCOME FuDd$ Funds 2023 2022 Bank and building society depo￿1 interest 629 917 449 4 GRANT INCOME Vnr•slrkt•d R•shl¢l•d Tolol Funds Totol Funds Funds Funds 2023 2022 European Union United Natlons Peocebuilding Fund Swi5s Agency for Development and Cooperation US Departmgnt ol Stale- Bureau of DRL Ma9nify Foundation Devtsche Ge5ellschall lur Intemational Zusammenorbeit 393.141 393,141 113,272 142183 142.183 313.578 329 329 15.310 778.431 778,431 506.460 15.OCQ 15.CO) 271,962 271.962 163.726 Other 3,930 1.604,976 3,930 1.404.974 89,255 1.201,601 TOTAL GRANT INCOME CORD GLOBAL NOTes TO THE ACCOUNTS (CONT'D) YEAR ENDED 31 DECEMBER 2023 Unrèslrletèd Rèshlctèd Total Fund$ Total Funds Funds Funds 2023 2ty22 4 GRANT INCOME (CO￿D) Anolysii of wants ree•lv•d Women & Girfs Empowement Climate Change & the Environmont Economic EmpowerTnent Fvndomentol Freedom5 442.358 445.358 339.117 371.504 374,504 233.387 110,149 13.149 194.057 291.938 294.938 254.415 Supptsrling Stronger Societie5 389,021 392,027 180.625 1.604.976 1.619.976 1.201,401 Women & Gk15 Empow•m•nt Challenging gender inequality and supporting women hvman right5 dgf8nd6n lo promote lust and peocelul socielies. Clmale Chong* & th• Envlronm•ntr Building the capoclty ol locol and Indi98nou5 People groups lo protect ther lond through training nehvork bvildng and engagement with private sector and govemmenl ministries. Ec•Domlc Empowèrm•nl'. Empowerfng communitie5 to save Money colleclively and invest in their own bvyne55es. lucilitating o shift from a vlcthm mindset to o sense ol empowerment over their own fulure. Fundamental Freedom& Improving tt)e knowledge and appliculion of hvrnon rights including fieedoms of religion, belief, ond expression ond chompioThng the right5 of rnorginolised groups. SvpporNng 5trongeT Socletles: Strenglhening civil Society letsde￿ through training, mentorship. ond nehvorks lo use Iheir voice to bring meaningful change in their communitie5. Engaging powerholders and enhancing their aiility to govem ond colloborote effecfi.vely with commvnitie5. 5 OTHER INCOME Included within other Income is renlol incomo lor shared office space und in¢ome from the sale of fixed 05set5. 6 TOTAL RESOURCES EXPENDED Dke¢t Gronts Support Cosls Total Tol Cosls Poyable 2Q23 2022 Fvndrol$lng Fundrai11ng ond publicity costs Fundrai51rig tr(*ling'. Cost of goods sold Subtolal Fundmlslng 111245 172245 98,969 1.146 112.633 112,433 100.115 CORD GLOBAL NOTes TO THE ACCOUNTS (CONfD} YEAR ENDED 31 DECEMBER 2023 Dlrect Grants support Total Total Costs Poyrjble 2023 2022 6 TOTAL RESOURCES EXPENDED (CONfD) Dwect Chorllable Actlvlty Women & Girfs Empowement Climate Change & the Environment E¢onomic Empowerment Fundamental Freedoms 266,163 138,713 IZ2.535 131,432 85,023 536.3( 298.069 139.379 346,937 311,767 147.439 31.251 59.705 238.395 178.592 137.510 53.383 61.968 252.861 338.914 Supporling Stronger Societies Subtotal Dlrect Chawilable Acllvlty 127,966 15,812 46,673 190,451 374￿17 818.4$7 361.694 384AOI 1.564.952 1.441.659 Total Èxpendllure 818.4S7 361.194 497.434 i.477.$85 1.541.774 Grants poyoble include grant payments to 17 institutign5 and contributions to o hord5hip Ivnd lor environmental rights defender5 12022.. 19 institutionsl. The nomes of grant feel￿ents ore not di5c105ed dve to exemption on the grovnd5 of seriou5 prejvdice. Support C051s allocoted os f￿loW5.. 2023 2022 Leodership Programmes Operations Jndr0i5in9 72.547 78.021 112,531 199.7Y3 135,Tr1 146.551 12.633 100.)15 497,434 459,978 NET INCOMINGIIEXPENDITUREI FOR THE YEAR Thls Is statèd after charying Operating le0s85- lond and bvilding5 Operaling leases- equipment Audit fees 20.131 19.718 466 518 5.708 IGanl/loss on d￿poSal of tangible fixed ossets Doprecialion 115.2471 17,524 463 13,409 Trovel expenses tot(Jlling £96 were poid to two Irvstees in Ihe year12022.' £428 to four tru5t&esl. Indemnity in5uronce poid by the charity totalled £24412022.. £2301. No trustee received femvneration. There were no feloted poity transo¢tion5 in 202312022.. £NII. STAFFING UK St(wY Int staff 2023 2022 Salories and woges Employer5 nalionol insurance Employers UK penslon contribution 318.924 363,417 682.341 677,828 27.047 27.047 25.530 18,700 18.7(KJ 17.185 364.671 363.417 728,088 720.543 CORD GLOBAL NOTES TO THE ACCOUNTS (CONfD) YEAR ENDED 31 DECEMBER 2023 STAFFING (CONfD) The overage number of employee5 (full thme equwalentsl wos:_ 2023 2022 UK.. fiJndraising stoff UK.. other s1(Jff other countries.. inlernaMonal slaff olher countries: notional staff 17 28 28 No member ol staff received emoluments ol more than £60,C￿. Pension Costs ore allocated lo activities and fvnds in proportion to the Telaled staffing cgsf$ in¢urred. In 2023 ond 2022 Ihe key management team of the charity comprise the Chief Executive Officer and Head of Operathons. The total employee benefits of Ihe key management personnel for the charfty were £126,IS512022.. £118.0121. FIXED ASSEfs - TANGIBLE Equlpment Motor Total Vehlcles COST Al l Jonuury 2023 Addlllons 84,614 8,452 17.9841 85,082 51.399 136.C$13 1,537 119,4031 33.533 9.989 Disposols At 31 Decernber 2023 127,3871 118,615 ACCVMVLATED DEPRECIAlloN Al l Janvory 2023 Charge for period Disp05a15 At 31 December2C123 67.053 21.551 88.604 6,403 119,4031 8,551 17.524 16.9411 71.233 126.3441 79.784 NET BOOK VALUE At 31 December2023 13.849 24.982 38,831 NET BOOKVALUE At 31 December2022 17,561 29.848 47,409 Depreclotlon R¢rtes 20% - 33% 20% - 337. CORD GLOBAL NOTES TO THE ACCOUNTS {CONT'D} YEAR ENDED 31 DECEMBER 2023 8 DEBTORS 2023 2022 Grant & NGO grant debtors other deblors 386,350 386.814 7.291 7282 Prepayments & acewed income Total Debtor5 28.4fJ5 1?.690 422,046 406.886 9 CREDITORS- amountsfallng due wilhln one year 2023 2022 NGO granl creditors General creditors 23.606 42743 14.593 22,253 UK taxes and soclol securfty Total Credllors 8.937 8.705 47.136 73.701 10 OPERATING LEASE COMMItMENts M"nimvm leose payments under non[￿•$ lJqn22 Grants Olh•ff Incom• Exp•nd•d Trons¢•r 31 D•c22 Restricted funds 209,206 14,060 1, 115,383 9.499 11. 138.4211 300 121.9641 F73.763 Restricled fixed Osse15 14.960 Tolul 223.926 1. 115.383 9.4 (1.138, 12 IJ (21,964) 188.723 12 VNRESTRICTED FUNDS The currency exchange goir15 (net of lossesl incurred in the year hove been Set ogde in o 5eporate designated fund. The fund has been set up as part of the risk mano9emenl strategy of Ihe organi5alion, in order to negate the possible future impact on the géneral reserves ol the organisotion dve to exchonge rate flucluathons. Mlni Pilot Projects.. designated fund hos been established for the use in new programme implemenlation locotiong. The ftjnd will be used for yloting projects in new countries ol operation. Development Fund ha5 been Set up to prowde financing for an operational sy5tem5 improvement project. A geporote designated fixed a55ets fund is vsed to occovnt for ossels Ihal are unrestiicted in thelr purpose. where the 0559ts toke the f¢)m ol tangible ossets. baknce al Movementj In Rosovr¢è$ Bolunc• al lJon23 Incomlng Expended Transt•r 31 Dèe 23 Vnreslrf¢ted Fvnds Generol fvnds 569,904 344,151 1346.3571 127,9831 545,715 D*slgnated Fvnds Currency Exchange Rlsk Management Minl Pilot Projects Development Fund Designated Fixed Assets Fund T¢t<4 54,118 48.137 128,3271 14,209 40,OOD 48,137 15,130 42731 127.6011 4,8731 1407,1581 32.449 27.576 747.339 344.151 17,774) 676.558 Boltrnce at Alovernents in Resourc•i bolunce ¢71 lJan22 Incomlng Expènded Transfer 31 Dec22 Gener(71 un￿strICted funds 572. J58 357,961 1360.2151 143.4381 (403.653) 509,904 De5ign¢Jted lunds Tolal 174.758 24,151 2F.964 J77,435 746.916 382,112 21.964 747.339 CORD GLOBAL NOTES TO THE ACCOUNTS ICONT'D) YÉAR ENDED 31 DECEMBER 2023 13 ANALYSIS OF NET ASSETS BEIWEEN FUNOS Tangiblè Assets CurFeht Ass•ts Ass•ls Restrkl•d Fund5 Restricted Gionts 509.001 509.(K)I Restricted Fi¥ed Assets used in projects Total 11,255 11.255 11.255 509,001 $202S6 Unr•51rf¢ted Fvnds Generol Funds- undesignottrd Designated CU￿￿ncY Risk Monagemenl Fund Designoted ￿Xed Assets Funcl Designated Mini PThot Projects Designated Devolopmenl Fvnd Totol 545.715 545.715 40,OL)LI 40.LYXI 27.576 27.576 48,137 48,137 15.130 15.130 27.576 648,982 676.$58 Overal Funds 38.831 1.157.983 1.196.814 Sufficient resourc8$ ore held in an apprtspriote fom to enoble each fund to be applied in occordonce with the restrictions imposed. 14 CONTROLUNG INTEREST There 15 no overall controlling InleTe51.