Cord Glob¢A
(A comptmy Ilmtied by gualU￿eeI
Annual R•port and Nnancld Sl+Jlement5
Y•ar endlng 31 D•c•mb•w 2tr25
Chathy Trumber 1070684
Company numbw0354611?

Cud G￿bal
4nhuul r•wllrylh•y•ty •ndlr*J 31 D•¢•mbw 2025
Ow vl*r>n 1 mkn5k*n
Cold's vI5K>n ￿ ol o woddwheie dl peopk Ir¢ein the fvllne55 ol peoce.. hovwig Ihe freedom Iv Ik>w5h ond live ftee from fety. Our
lo lio051orm dYs￿n¢t10ft￿ loh)￿o￿5hIps between in(fvkluds UKI comrnunihe5 arvj those Dower into p0911ve ond Ihriving
rdatlonship5 bimhon rrvJlud d&peno*n¢y t￿$1.
Cold's YLwon 15 a wfbwe pecK* is reol5ed. We wort lo be an effecfivo p￿Th￿r lor peoce in Alrfca and ￿la by woikin9 ili
socletss ofte¢te¢J by Yiolenl confiici and pove(ty. developlng the copocity ol to buikl sv51unoble peoce.
Oblo¢11¥
In accwdonce wilh ryAYip1&5and osan ty8sslon of the Chrfslkjn falh..
l. lo odvor¢e peoce ond ieconcli alion omono peopl? any￿here in lh8 W￿￿, by meons indu¢Jno It￿1 not firTiled lol DLldng
rètrJfjonshps. Iro￿n0 ond eqiAprxw arKI creubw 5poces lor diok)gue'.
2.10 we¥￿1 (Jid releve poverty ¢rnno people onywher& in the wotld bymearsinclu¢Jng (but notlirrfled lol oddresskng inequalties.
odvanono lundomenlal Iteedoms. crealw)g suslolnotleincorr￿. orKI bu￿￿ng clmole rwilence..
3. 10 fthher5ucn olher purpose5wlyth r￿Y be choDlgtd8 ￿corthg to Ihe lawof Enilond ond WcAe5 as the Iw5tee5 see ￿1 lo
The Bocxd ielerrÈd lo Charily ComrTrssiw'5 gene￿￿ ￿￿donCe on p￿IC bentrfil when rewewno ond objeclr¢es and in
ovr luhKe aclNlliés. In Ihe fol￿r￿ pa9es thi5 rep￿ derwrstroles Ihe rAJ￿IC b&nofi1 of our work and h¢)w we hove worked
toworth Ce+d,>$￿01È9￿ ¢wn5.
v0h￿S and oper0￿￿) thcWo1
W• oi• ¢4)mpoithnal• and nuluie ou￿e￿Ie$ o deep concern for w lelbw h￿ntsm bcw)gs who are nol Ibl￿$ming. kni5
t￿ be *xwessed I￿o￿Words. wè ￿e00r￿￿d ltri5 is besl demor15holed in pYac*cd aclion.
We vakt• ew¢n• orKI recognl>e knl 8Yery hwnan creol¢d vrmque and 5pecwJl. We Ih¥elore pbce •eol value on every
humon Its being Wc￿hY ol dignity res￿¢1 ￿th. Al people h)v8 tvn(knmenlLq fi0hiS Ihol thDuW be wolecled - irrespec1￿e ol
geD(*i. e1hn￿[ty. age. slalu5. religK¥) or sexually. Thrsin¢lv¢1$5 those who ore caU￿t up In oprKesslw* syslgms and behQwOUtS.
W• beleve In tho poww of ielaNon5hiw know Ihal communities ￿K4 50cY&tie5 w(xk besl wtEn strorvJ arKI ￿lIhY inlerdèpendenl
relohonships ai& Iofmaa. By ackno1￿ed9nQ our corfft¢ledne$5 and sh(Yed hum￿11¥. tKJriiet5 tsoken down. people can begn lo
usl cndcholleDgBs con b& Ovtyycome.
We •xpkn¢ the r0otcav￿of¢Onf1c1. Mo￿n9 b&yo)d effecls lo wderstand ￿￿en cknvers ond sustairwJbk 501ulon5.
Giqnl mokfjng po￿¥
As porf ol cO￿ng oul some pic4ects. Cord mokes gronts lo NGOS vrt)w8 the ￿lMhe% of Iho NGO ffls with purp05as ol Ihe Cord
pro9iamme. The omoth)l purp058 ol a gianl is sel ovl In a partne15hiD o¥eemenl be￿88ft the hyo ￿90￿lS￿h0ns. Ihg NGO 15
requSred to rep￿ bock lo Cord expeno*lur& ￿alrE1 budget and on pttsortrs$ 1oword5 othec1￿e$.

•oards onnual reP￿tl￿thOveor•fit1no 31 Decembu 2025{conrdi
A R¢)lorc¢)ashw
When osked 'wh)I wc$ 2025 Ske tu Corcl¥'. l oftèn il as a roNercoasl8r ride. 11 yecx ol ond Iow5. unexpected
rysls oncl I￿rn$. For*cul(•ty in the fit51 ol Ihe year. 11 a150 fell Ike we were goMg ul breokneck speed foy much ol il. Slepwg oll Ihe
roleref)osler ol the end ol the year. Ihere wos an ove￿mIng Sènsè of Ihu)khJlness thol Cord wtss 51111 rno￿ng Ichward sleodily
puwin9 oui mtssvjn ol pe￿e in Ihe lace ofsyn1k(￿l chal*nge ond uph8awal.
Th8 year began in Jonwry lh¥ 4onlfl¢ont ImpJct ol the new US AdrYNnislralion'5 revBed opryooch to inlemalond devdopmenl
funding. Thi5 impocled Cord dreclty os oll our US fvnded piciec15were paused wlh immedole emecl wthoul any advar￿e waff￿n9.
In lh& t￿e ol those fundlng cul> In Aprilw* lolrrhed a fun¢trav￿￿9 crjmpobw with C¢Yd's commitled SLPPOrter5. We were ￿￿w￿ away
by the [erI￿0b￿ genero&ly ond the ffessoge$ ofsolQarity and 5UPPOrt Ihol we received in response. Thls ¢ompcign become the rn￿1
SVCe8ss￿I lun(trciSing oppeol we in retentyears. AnIncr￿1tAe high.
We x&wuenNy hod 4 US furwjed projec15 Quoss Myonmcr. C(¥TtsodvJ. La05. ￿￿tnaM on¢ Tholond lermnal0¢ o re(*Jclpon in
func5rvJ ol over 52 on. More pain1u1￿ we hod lo end ￿&￿￿t$￿I￿ p￿ners. lose So￿ volutrd stalf membw ond slop ourwoth Fl
cOmm￿ni11&$whO COnlin￿ loneed ow Support. An Incredib￿ tow.
However. kn Jwe we fowd out thgt o ￿gr￿fiCant lundng copl*olEty) to SIDA ISwedK5h Inlernolional Developmenl Cogperalion Agencyl
hocl been successf￿ enOt1￿)9 vs with Erikshialpern lo Swedish CMslion lollPrbosea chi￿ Rvjhls ctrM)Atyl. lo (J new
preor¢*nm& inlegating Ctyd's reac8bul¢thno <ypmch inlo Nojèels womotffio the rights of chlthen in ni￿ counlde5 across Eosl &
We>1 Afrlca. Eastetn Europe ond soul￿E05* Ayc. An incieditAe I￿gh.
FollNryng o tuoulenl firsl how ol Ihe YgQT. we r￿￿ed our efforts in the second of the yeor wlh Ihe pubTrcofon ol Cord's 2024
impact Teporl thjty. Amongsi olh8r Ihng5 hv)hlKJhled hc>w Corcl's ovlcomtr ha￿eSti￿ 15 heIr￿ry lo evidenca Ine d9Twnslroble
imwcl across Cud progromm85 wi ch(IlenglrvJ ￿0¢e$. rhe ￿UnCh of Cord's BLNld Pettee StraPegy in Novembei was a svJTrhwnl
rnomenl a5 Ihe B￿ky Petsce 5tralegy ncowates vthol we have been ondsets Corol's al￿￿On tsvgrthe comiwye(N5.
2ff25 has been ¢ conllThJgffon and see￿￿n9 occelerotion ol s￿nIfic￿nI oeopoltical sIMlls loking FAace rxound lh& worf(f Ih8S8 hove
w1<Je-ra￿rn9 romifi¢ohDn5. Conflict. poknrftsolion ond dr11s￿n ore nDW vI&￿e ond ty) people's rrNrKts wnethei Ihal is h tt)0 UL
where Cord is tostyy. orin olTherce￿tri2s orttund Ihe wodd. Nol oll of these l&aluie h mocla spolhght Iwlong. bvt naw u)d ongow
confi￿15 are ha￿rng o deslobjli￿n9 effect. cwyno muny p8ople lo lesl10ss strcuie and certoin. Trw5 pro¥l(J8s o smc* irnvJhl ￿710 the Iwe5
ofpe0k￿e whose everydoy extslenceha5 been lurneclupsNJe dowri by conlS¢1.
wh￿$1 Ifws is chall8nging n monywcry5. 11 0150 cieote50DPtytunilie51o eTrJoge. Peo￿9 are in¢yeoJnglrfsetyyng Ihe poinhl deSIr￿trIe
Impocl ol wolent conflicl ond iecognislng Ihal peoce is sorneW*ng ttTrol we connol t￿e l¢r gronled bul ralhei fftlenfionol orwj
C￿$1$￿1w0rk. brfn95 whal Cola Cfo* into fresh Iocvs Fmghlights ovr owoing Tdevance.
Qwlmpa¢+ln 2025
In 2025. whlsl e%pofi&ncing some hurdes c4on9 tha woy. C<Kd's wort in pufsLHt of peoce for dl Con￿nUed ocross 8urvn¢l in East Ahto
and Cambodb. vittr￿M. Laos. Myonmor & iholand in SOVI￿E￿$t Asio. C¢yd's focus contin￿5 lo be wthlngwth bc(Jl ptylnais
in Ihg areas wt*rewo operale. In c¢lb)b¢wtion ￿th Ihem. Cold w05 aNe lo poylivdy knpacl Ihe ofover 78.5fQptrOp￿.

Ctrfd Gknbtsl
booids r•pryll4¥lh•y4ry•Ddlng 31 Doc•mbw2025 l¢erfdl
C¢yd's Ihretrslrond aprKotth was lh2 guide l<x progromrring in 202S. Our emphosis on eovipjro. Irolnlng on(J cooching bcol
orgonbohons ¢ommurwhes conlinued In 2025 0$ on inlegrol ptyl of our Ihree-sliond proorommolic Ihol Is (¥li¢uloled in
the new Bvdd Peoce Slrole9y. We Implemented 41 Irolning evenls with ovei 945 people ollendlno sessions on o roroe ol lopicsincludino
Fvndomentol Freedoms & Humn Righls. Pec*cebuil¢ing tools. sofely & wuiity. organlSal￿￿l devdopmenl and mental hedth 5UPPDrf
om)g51 others. Embeddlng le(Yr￿n9 15 vilol foT suslanat￿e change CoTd's approach inckndes folowllup and laloied coachin9 with
Iroining wliclponls lo erwre Icjslhg Knp(Jcl. In 2025 865 peoF4e partlcipoled in 180 coaching 5es&ons.
Throughovl Ihe yers C<yd worted dTr¢Ny wlh 539 Human RvJhts Delendet5 ocr055 L41 our eonlexts. ￿lIh 51% of those b¥ng Women
Humon Rights Defende￿. C¢Ncl atso supported SO sell-hdp Groups ISHGs1 to devdop o 5U5Ittinttb￿ ￿tom￿. b￿n￿l￿r￿? ovw 1,250
peo￿e. Our workwlth local orgorM5athonsand comrTvJrwl1￿ re5ull&d in 27 evid8nce-bo59d poScy recommendofons ts¥ng sthmilled inlo
the notio￿1 potyond È95kn1ive PTocesse5.
coM￿emen￿ng Cord's WOTk wlh local or￿[N5Cho￿s and cornmutHh'es. C¢yd c4s0 ddr¢ered siK troinng5 to p0wethokje￿ under strand
IWO ol Our pl0￿0mMo11C opproach. finL%ng right entry point wlh those in power remcmns vilol for enoagino and 51mPOrtino
Posihve engogemenl Véith commvnilY&s. We sow 197 rèpi&sÈnlttthvéS of pc>werholde￿ engo9in9 civl 50ciely mernbers lup fvom 74in
2W41 local avlhorily. Provjncial & NolbroHevd koders okng>de p￿ale comp(￿¥ ￿p[esent￿l￿a$ c*)d r8kngovslcullurol
In 2025, the¢1 sUPPOrt wa5 piovSded lo 29 Icccl CIYI Society Orgoni501ion5 to ncreose thÈii cjknlity lo a8￿v￿ in the corYynury*65
where Iheywixk. PTOVi(fjng 5rngl gronl funding lo bcol portne15 is an essenllol ￿(￿ ol Cold'5 wth 05 it creole> the spoce IOT more locoN
led progTamffling. In ￿25 CoTd wtsvi¢8J 30 gronl$135 In 20241 rnode lo 29 oigoni5ation5133 in 20241 lolallifw) £370.08812024'. £469.5071.
This was o reckjclion on a￿1 rel￿¢15 the iirpocl of susp*nyon ond subsequenl teimyiathon ol US Ivnding duiino the y8or- AS O
con5equette srwll gttnts rerKesenled 26%01 Cord's chcrilalje ewen¢iture in 2025. which wos down trom 31% in 2024.
b)ob&ng ova 50cEty lo engffje con51wclNdy wlh POWetho￿ers and Local AuIhc￿be5 remcint¢ o in Ihe Ihkd slrond ol oui w
wllh 16 swificanl engaoements and 86 Sndividvcl powert￿￿e[S enwging civl sodety.
cord'swo￿ in 2025 w05 0lign8d looJr5globol pro9romme Ihomes.. EcOnVrn￿ eTnpowetnienl. Womfyn ond Girf5 EmpoweTTnenl. C1imol8
Chtsnge ond the Envir￿MeDI. Supportiw Slrtynger Socielies and Fundamental Freedom5. Wo conlinue lo loke a who￿StiC wpFoactt 10
ourwork and often lind Ihal hese Ihèmotic oreos inlersecl such Ihol one pyoiecl moycovei o number ol them.
The themotic oreo5 ore ovlined in rnra detolln the fol￿ng 59ction'.
l.E¢onomt¢ Empow￿Menfr. Th& ideal of peoce Is o dlslonl concept lor someon8 lo feed Ihek larily or Send theT ctriklren to
schod. vhyle ineqvaSly 15 Qllen o aAver ol ¢onflicI ond con fuel ongo￿9 ter￿￿)n$. Cord is effyowemg eornmuThties lo save money
c￿￿clI¥ety ond irwe51 in Ih&r Own ￿sIneSseS. lacillalin9 a senstr of ampowermenl ond 09ency. Whert peC￿e cxe meonmglul
included in the 50cioI ona 0¢onow￿¢ ryospenly ol Iheir cornmunily. Ihey dtmonslrtsle a grealei co#eclNe cotntTwlrnen* lo buiKI ond
Sustain pecKe.

Cud G￿bal
Botyrfs unnwli•porlforlh• y•or •ndtnq 31 DK•Tr*w2025
. Worn•Th and G￿$ EMp￿•1M9ntr. Wornen's eq￿lable In¥￿ement In (lgclsknn rrK)klno b essent￿￿ lo sudalrnb￿ peoc&. ctsrd
C￿l￿nge$ the rool ol 9end$r IneovoEly by oddressing the slwclurol ￿V&S Ihol keep women ond fvom acces￿n9 the￿nghts.
We support womert humon rfgh15 defen0e￿ lo orow Ihe* confidence ond creJblity in rrKJle-(lonynaled 5poces w*￿Ie engogifwJ frtn
ond tK>yS lo th￿￿nge piqu(fjce. Our woik en5UTes women arKI grfs con reach they RAI polenhol ploy the￿ e5senlitsl iole in
txomolngjusl ¢Jnd peacehA soclelbes.
3. ￿rnate Chry & Th¢ Enhknm*ntr. The chdbnges of clmole ¢hovJ* r￿u￿8 globol t￿1 meonirofLIty incoTPOiOte Ihe
vrMC&5 01 those most oHecled. Cord is bv1irfing Ihe cowtyly of loecl cjnd in¢Jgenow people Io D￿le¢1 Iherf IroTn
¢JeloreslaliCXI. Ii legd logging and unsvsloino￿e resource e¥trtsclion. Wè creote ovenue5 for Ihem lo amrAWy Ihar v¢tc*s Ihiovgh
olective nelwotk5 and constrL￿1￿ety engage rx)werh¢lders wch 0$ M￿￿￿1￿)￿oi CoM￿￿S and govwnrr6nl mlni4ts￿5 to
*sarY& ltra5ts onJ tsodiver5ity.
4.$upp¢rfn9 Slvong•r soc￿11*%.. Cord befieves Ihol c> slrong f84Nenl civl soaely. oLqe lo conslwclivdy holJ powathold8rs lo
ac¢ouni. 15 vilcl for Ihe effective lunclioning ol gOvemm6nls ond soLiety a5 o who￿. We w¢xk lo stren9then onu buikl up civil Socie
lec¥Yet5 Ihrough trairing, menlorslyp neNYoths In rAo¢8s Yrt)ere the Space for awc 8ngwemenl 151iniled, 50 they can use Iheir V￿Ce
to ￿Ing Tneannglul chanw in IheK commwAlies. Our wtst otso engage5 Ihose in power. enhoncing Yn6Yr lo govem wel on
edl¢A)orole effeclKvely Mlh cornmunihe5.
5.Fvndam•nlol Fre¢domL Peopb connol fioLNbh in sctiètie5 where Iheir furKlomenlol freedoms aTe ¢Jenied. CL¥d WOTks (Kros5 a range
of contexts wlh authorities ond cOMft￿nI￿eS to imrrfove bolh kne knowledge orwJ app￿col￿n ol humon lor oll. Our oppiwch
èncourages open and honest dlscvss￿n lo break down b￿Se5 and locililolt coopewalion befrN££n Iho&e hcAaing diffefing ￿@￿*$. We
woTk lo imsyove Ireedtrms ol rdigw. 8x1xe5￿0Tr. Including freedom o15peech. (¥KI chomtxon Ihe rights Of groups mcxglnalsèd
due lo cffferenl loclors such as geThJer. ¥thr¥city. ond ablSty.
Fha 16Suhs fu tho y8(¥ ¢Jn4 the gluOt4on as o13TSt December 2025 cye sel oth in ￿ firyncial 51atements. Ihe btrorcl members con￿[
thal. in tt)tyrotyrlloft. cpplccblo OCCOvnlino slanthid5 ofKI 51olements of ￿COMe￿￿e£l pioctlce have been fouowed.
Trt lold incotne lor the ye￿W(￿ £1.785k compared lo £1.443k h 2024. income wos £359k12tr24'. U97kl o dacrgose of IO%on
prev￿￿ ye(Y.
Grant Incoms in 2025 was £1.401k I￿24.. £1.032kl on increase of £369k from the previous yeor. This accounts for 78% tsl CoTd's lolcl
Income in Ihts yeor. 11 should be noted Ihol grgnt income amounts ieceived V*ithin o £￿ven y¥ty vary and fvna$ (re regvlorty corrlocl
lopNords Ye￿5. In 2025 the ieslricleo* ￿n(ts bcAon¢e ol Ihe end of the year wos £340k 12024.. 4167kl. £illk more Ihon th8
rxevlous yeor.
Functroi*ng ¢0515 reFxesenl 6.8% ol lolol expenLfjlure I2￿4.. 4.4%1. m8awg Ihe ¢05101 royn9 fun¢s L4 p10pod￿naIY Noher thon the
previou& y8(¥. A lun<*<x5ng re￿•W look pltscè Qurfn9 thè yeor lo osst55 Ihe eflacWv?ne% of ditterenl stronds of fundi0￿1r0. Folowng that
review the doe￿10￿ WCK l<*en lo ¢iscffibnue some cJspecls of Lmré$iricl8d h)ndroising octh¥ity due lo Ifw loweF ielum on inve5tmenl
and to incrwsfr locu5 on deydopino more tr￿15 and fotndolityns rdolionships. 11 is onlic¥)Qfed 1hol fulL*fr Fun(*akin9 cosls wl iomaui
ralaNvety consisloni wlh previous yectrs.

Ctyd Gbbol
Boord'junnvulreport rorlheyearen¢Jhy 31 D•¢•mbw 2025 l¢onYdl
e¥p*ncSluié on ¢h)rfIooi& octiwles in Y￿rwI￿ £1.423k12024". £1.537k). CA d*CFe05e of 7X. Ofth& ex￿n￿ltUre on ch¢yiloNg 0¢h￿ties
£1.071k ty 75% la)24". £1.17C* 01 76%) wos Lthiecl costs forinletnaliond programrns ol wh￿h £266k12024.. £437kl was spenl In ¥onts lo
portner orgonwtiOll5. The rem¢yrNrwJ 25% t￿24.. 24%) w05 orgoni5olion supp￿ indirect C051s including orgon￿oI￿)n
opelolims and wgrotnmè c(Al5.
The W Governmenl hjnding choroes in 2025 ¢vl or¢nl redLred ¢￿t¢￿e expenrfilwe 0$ plcx)ned projecl wuk wos r￿1
)aèrtakèn. NolabTrrf, the lèn9lhy fundiTr) iusp•nsion of dl Cerd's us proiècli olon9 wlh l&rminohtsn ol pr4ecls *9f*ficonlly
o¢lecS Cord's Thnts)¢es dudn9 Ihe yarKand iaoyirfyd ¢han$£s to prowmmino.
Cord CaTh￿s out a variety tsl lon*tetm Qr￿1 Sh￿-It￿ ryoj&cls. The Boord hos exominecl Iht r&quraments of froe reserves. ale
ttrK>50 uNestricl8d hjnth inveyed in flxed 0ss$1s. deson¢Jled lor Spe￿f￿ PDTPOSe£ u othew5e ccrfnmmed. lo en5UTe Ihal Ihe charity
co) meel ol ils obSgoliors. Al Ihe $nd ¢f2025. the ¢htrityhokJ freereswes ¢1 £7T2k12024.' £636kl.
Ihe Board Con￿derS Ihol an apryOpr￿Ie levd of iÈ*rves for the ehafity shoukl t)e b¢%ed on belvleen tt)iee and months ol generol
f￿d UnTeslikled eypendilure ol approximaldy £275k. pbJs Ihe chgrily r￿e￿91n<xder kocovv ¢perolK)nol ri*5
inckndrvJ vnewecled c0515 afKJ S￿lI1a15. 01 app[0￿m￿l￿Y£Tr5k.
Given ongong global vdat￿1Y. Ihe Con￿￿￿￿ itn6cètsory Iholfr&& roswè ￿ve1$ ole mortIc￿¢j c105ely period and hetrj
in on eoyly 0ccessi￿e lom.
Total tvnd5 01 the Ch1￿1Y al Ihe yecr-end 510(xl al £1.231k I2￿4". £952kl. R8shtted funds loldkn £354k I2￿4.. £1￿) ond unr6shlcted
mds l0lolle(1 £877k12024.. £762kl.
Free r959roe5 01 the churity Ot Ihe yeoi*nd slood 01 £722k12024'. £636kl. D&5ignoled lund5 lolollecl £154k12024." £126kl wh￿h is mode vp
of a tfftency exchong& rf5k mOr￿9•mont of £40k I2￿4.. £40kl. an InnovalK)n Fund ol Wk (2024". £41kl. o rrfogromm& lulfiknenl
fvnd ol £l?k I￿24.. £1 Ikl. a develapmenl luncl wh¢h h05 conclude(J Ils puTpos& (￿￿ the balorté is now £012024.. £15kl. fixed
ossel fund ol £1 Ik12024.. £1gk). The a55els rewe5&nling eoch ol these fvnLts tye ondY5ed in nole 13 01 Ihe finonciol slotemenls.
The lounch of Ctyd's Bulld P80Tr 51iolegyol en(1012025 IvJ5 5*110 cknr dk8clk)n the ¢￿in9Ye￿￿. Thiee 51ralwc F¥i￿lieS¥1ere
oulfined lortri5 51roleoy pefioct
11 r￿n￿ng & •mb•ddhw p•u¢ebundlng wocmce - We V¢ill priorftisé P80cglul sokthons lo Con￿¢1 by prorrK>ting ¢rw(xoness ond
undetslanding of peacBbLikSng. bolh iiltyrolly ondwilh pthneTs. by gmbeddng il into uoch"ce.
21EqvlFvkn9 parln•rn 4eloD- We wl ckvebp a m(Jre inlenllond parfr18rship appFouch Ihol en*Jies Ihol Cord is conS￿lenNY ancl
meaningluly i&ss)onckng lo Ine 1811 neects of local <xlots. When in%died. w8 wll worf( Mrflh P￿rErS lo slrenglhen ther capocity and
lalyse theKimwcl in conlicl-ofte¢led context5.

¢t*d Gfabgl
•oord's qMuqI rewllorthtyearendng 31 D•c•mb•r2025{¢onYdl
¥Mo￿n9 th• caw lor bLrfldlng p•oc• - Wé wll look lo o $trong81 Orgttntsaiior￿ Mordlorfng. Evoluolion. Accovnlcknlity and
L¢oming IOMEALI ry518m gnd wder ewdence base. wll 5upporl exlwnd ¢orrrwnwlk)n ond odvocacy. higNthhng Ihe necesyty
ond efficocy ol peoc8biildw)g. Induding rfs tsUcK￿r01￿ in conllcl preVen￿n aiclposl conltl recovery
In 58lliry oul CoTd'5 lorlhe ￿0￿cheOd. wè r•c¢onl$8 Ihol lh& gbbol envlronrnent Temains In o sloto of sbnfficoni Yolatillty. Cor(1
n&Èd5 to keep adaph.ng lo rermin rele¥onl ond fLWlI the Orgar￿s0110n'5 mission. Ihe *hieg ￿0￿1[8$ 01)ove based on Qn Qdopl￿e
approoch and we %*ryll conlmiue Io rncffiilor oThJ Oy1￿￿OUr ￿0Th5 n fhese oreo5 as needed.
A5 onffdpoled ol the tyeopnning 011051 year. Ihg ovohblHy ¢f tvnding retllCin5 chale￿1￿9 arKI Cord hos ￿[ore begun lo ulAlse o
more NooclNo toin51ilulional kndirg rolhei Ih(y) N8dorryn¢*lly lo lunding ccl
As lh& organi5aliw further develops its p8ocebulclry dche an¢ bet*et ryltLloles its ac￿￿d valw Io o WKle iawè of [K]rtne￿. Il is
eycl*d r￿W and wewouslyinoccessiYe sources of lundng wl become ov010￿￿. Innovotion remowls ktry in ItW5 PLV5uiI
i% oclivety pnotin9 arfft￿n1wQy5 olwcrfkpig %Mtt) pc41n8ts to inl¢*rn fuluie ￿an$.
Crxd's Credbl￿ty ond repulaknon remoln crilicol osseL% a5 we Seek lo buld relallortships wlh portners ty)d fundets. As is ollen i
c<￿e Wilh 5moll to mo￿VM >zed orwnisotions. Cord neath lo work to inue05e wr brond VI￿bItY onL1 ow¢y8ness through re$8¢rch.
irTpacl shoring ond c¢nl&xbJal updates.
Cord's ¢oMoborolion ￿ port of IIE EU£ORD IbJioptron Nelwrt ol Relel and D￿ebpment OrgonFsolionsl why rerroh o
sywnory conneclon P￿￿tr. wilh geoler efforts being rThJde auoss Cc(d's learns lo biAld relolonslups %*rylh a wthr range of re￿Vtht
51c*eholc*rs Incluclng aca(lenwc ln51ilu1￿r￿.
In 2026 Cord w￿1 coniiThJe lo operole with teom5 in BuTun(5. Combodio. Myarmor. Loos ond wil open a new offite ￿ Kenya. Cord
an1￿1paleS expun(Sng wwork vrilh parh)8rs lo lolowing locolions."
soul￿E051 Asio- VieiTh)m. Tho11c￿ & Don￿0￿9$h
Eo51?m Ewop&-M<A¢o¥a & Ukralne
Wesl AfrtCa- Mak.. Buthno Fo50 & 6erth
E051 AfAco- ugtsnda
Cor(I's rèoK>nal slraleEie5 In Soulh-Eo51 Asia and Ea5tAfAca %yll d50 5UPPOrt*xwingexrlorallon of n8w COW￿8$ bvhere Cwd C(￿ rTKJke
o <thffetence.
The choriiy li governed by 11> M8morandthi and Arhelt5 oIAssoclolion 05 adopted w 18 May 1998 orKI ltssl aff￿￿￿ed on 131h Jonuory
￿￿e¢l$ ol Ihe th¢￿ty as exrye￿d Ihe Memoronc*Jm ofA5soaolon ai• 05 folow5'.
Inaccor¢J)nce Mlh Chn51ian ￿nCip￿ anda5 expresgon ol Ihe klth..
l. fo 0dv0￿e pegce ond reconc￿Oli0rn among peO￿e 0￿¥where In Ihtr worfd. by rn￿n$ IbJl nDI Ilrriled lol
relalionstrips. train￿￿ e(JJipplng oTrJ cr8aling 5poces tor ddogue..
2.10 prevenl Or￿ iel*ve rK>vety among p&Op￿ on¥Thvhert in the worfcl by means Incl￿)0 Ibut rK)l Fimllod t¢1 ¢yYares4ng ineoudlfie5.
a￿anOn9 fundom8nlal freedo￿. creoling sUslcAno￿ei￿C0rne. oThJ bJIlc￿ng climole resileDce'. oncl
3.10 further such oltber purposes wtrich be chorllobia QCCOTdng lo Ihe l(w of Englond ttnd Woks tss the trv51ees see fil from timè Its
Ihe Boc¥d ts r•swr￿￿e lulh& overal g>v8mort• of Ihe Ch(￿￿.
50￿d Ind¥clon and IrolnlThJ
The Bocrt rwrnbets are selecled to ensuie thera 15 a brood rorvJe of relevonl sklb omoTYJsI Ihe Boord members. NEW Boud membe
receive on indvclion Ihol Covets C￿￿,5 govemonce. key polriw. programmolic wtrt finonce. The bocyd ￿￿Vale5 in Irthrn￿g lo
er￿lre Iha mtrnbeis (Y6 kept up to dale wlh chofity th. fvndroNng. peocebuilding & devdopmenl piowcvnmw. saf8guording.
h￿rn￿ r95(UC95. Safely seCu￿ty.

Globul
loords omvol roWtltylh•yww 31 D•c•mb•r202S Icorfdl
anlxalkin ol1h•cl￿¥
Cold's 0￿r￿￿On5 are conducted in acC￿d0￿Ce wlh lh& M8morondum ond Art1¢￿5 01 Assooolion Ihe p¢Scy Jid slialegy that Lye
opproved t)v Ihe Boord oncl implem8nled Iiirough lh8 Letsagr5￿P Teom. InthdLN)I rKoje¢ls ore mnogecl by CovnlrylRegiond
Represenlohves %Yho are responsièle to and report dirèctly l01he L&odership Teom. Clear ￿neS ol monogernenl on(J responsit4lity hov
betrn agreed by Ihe 8oaid lor the oclriihes ol UK 5t(ytF. under Ihe dieclion ol the Leoder&hip Te(m. by Ihe CEO. The Board legu1￿
reviews Ihe Iinantiol slo1￿5 and yoge55 ol Ihe ugoni5ati0ri5 wo*. The Bogid hos ts Finonce 5vt*ComrrMllee wthich review5 and moniloTS
fmonce. o Prowomme Develcyrnent Sltscommitiee Wr￿¢￿ locuses ts) the Ivlwè drec1￿ ol Cold's progiamrne5 and a R￿k
MC¥IOg8men15uWonYYlllee whth Iocu5e5 on rnanagln9 the oveial ri5k51o Ihei ￿gOnS0110n.
RlskAlanog•m•nl
The Board acttvely rewa¥￿ Ih8 M￿Or￿sk$ lo wNch the charity ts èXP05trd lo thtst sysl8ryts ore in p￿ce to mihO(3te Ihosè rfsks. A R￿k
Monggetnenl $V￿cOMMIttee mee15 h4ice per yeor to these tisks arKI the rnithgallon plty)s. Inteinol ri5k5 <Jre mitigated by Ihtr
itnk48tNaniolion ol conlrol proceduie5 lor Lql finoYLcioI Iron50clions. Heollh safely. security. P¥50nneS >yo¢edvres cmd offic8
lunciion5 ore 8xunined on a iegultsi l)tssis. Eyleinol r¢ks orè minimlsed by regular Tnorilofing of lh& exlefftal envirorwnenl.. coverfng
Ir¢om& generollon trom all (jor￿r5 conlexlud conflcl anaty$￿. Ihe Boord believ*> Ihe>e oclKJns. comtrAned with Ihs Iree re5eNe5
policy stoled obove. piovide sufficient re50uic&s oncj orocecluFe5 in the event of odv*rso conJlbn5. The Bwrd h05 tstso exomire
olhei operohonol ond bu￿neSS risk5. 5UCh ts> those ori4ng from 5afegvaiding and $8eurfly moller5 whlch It faces. and eonlims Intsl il hos
eslaNished sy5let￿ to miligole Ihose dewned svJnifcanl.
The metroers ol the tK>ard ore the Iruslee5 01 the chorily. Al trust￿ jve IheK Ilme fredy ar￿ no truslee recelved remwwahon in Ir
yeor. C)eloils ol IruSt££'s expen5e5 and ielol8d pDrly Iransochon5 ore di5cknsed in nole 601 Ihe accounis. Thé Leade￿tr￿p feum compfi%85
Ihe ktry monogement Fe[S￿n91 ol lh& Ch￿ty in ¢hoige of4we¢lirvJ and conl1011ing. iuminu ond opeiglw Cha￿ty on o dov-ltrday
ba￿5.
The pw ol al stoH is govemed by the CoTd Gbbgl Groding Slrucltxe. This 15 gLided by the Poy Pfwkn50Phy otyj Poy Approoch
documents 1hat outlne how sel SaI(yi￿ oncj how Ihese be rewewed. CoTd Sets poy occording lo 5 key 0$ shovm
below..
l. Pay - W8 wonl lo ensure Ihal Duf Op[YO￿h to poy 1$ tolr lo al staff. recwi9ng Ihal evw 51aM m&mber odd5 vdue and
conliibule5 to ourorgonisollord impact
IEqvfvt4e Pgy- Wilhin Cord we waDI Ihere lo be e￿l¢trIe p(ry. is demonstroled by o c￿￿151&ne¥ in CPPToo¢h to [￿0￿{15 aci<
orggni5Qtion regorde5S DI local￿)n. n￿l￿r￿J11fy ond rde.
J.ANcwdaNo pay- Cord k a relafivtr￿ smoll chorfly and peotAe c0515 are o ggnthconl Inves1￿￿￿nI the trgcAsolicJn. Hafftg degr8
lo be a oood steword ot lun(ts. il 15 cFuc￿l thol Cold makes pay Ihol ore nDI only lar ond equil0￿ bul wstainabk tor Ih
or00n￿¢t10n.
4. Voluè lor mon•y foi supporters & dcffjrx5 . Cord pfides itsdl on ow wprooch to oui WOTk being good vakne lor ￿&V. WÈ
ackno￿ledge th8 re5ponsi1￿11fy we hoYÈ lo spencl money frotn supporters ond in51itvtiwol dor￿ w5ety on¢ 10 ensure Ihot we stew(Yd
Ihose lund5 respon￿bI¥.
5.RecrullmeTht & R+l•ntlon ￿1￿18￿*. Foi Cord to b* o ond 5u51an0￿• oigorknlion. recrLiliry r•tcini)g hlgh qudiry Idenl is
crflcol Cord peri(xI￿a1lY berehmths ow SO￿ne1 oo)Insl comporottye (xgontsolions lo enswe Irackjng wilh Ihe OPPTorx5ale Tnatktl
roles.
Funthals1Thg ACttY￿
The chorfly's vnreslricled Ivnc*a&iDg ochwthes (Ke urKJertaken by ils own Fundrai5n0 leom. With oveTrght by Ihe argu￿SaIlon's
LeadètshN) leom ond Ihe Btsord ol tMl88s. The a membw ol the Fundrasing Reoulolor and otxdes by they F￿(knO￿n9 Cod
of PTaclee whlcb covers voilous aspects of fundTo￿Ing. The choiity p8nodicolly Tuns le￿phone fvnr*oNng campaigns. The charity 15
Lmderslanthng ond compossionole low(￿￿5 it5 sUpp￿er$ ond wil n&vei e￿1011 vvlneraknlity. We do everyltrwng we con lo ossisl ow
sLry)pulers lo mok8 inform*d deciyons (boul Ihé support they ch0058 lo gyve. We deol eoch aonor on J C¢￿&by￿a£a bo>$ oid
¢Jo nol occepl donal5￿5 where we +*JYe reason lo beleve thol Ihe donor may be vulnertsble cjnd ther&1(￿ <J¢Mng so could b& horntv1
to the aonor. No comKALin15 tK)ve boen re¢elwed by the cr￿n￿alleClly oboul 515 lunLtrLW%ng o¢INilEs.

Cord Global
B¢>ryds rgpryl lorlbeyearer*JJw 31 Dec8mbw2025lconfdl
51alv5 ollhe CIK
C£Yd Global, also known a5 Cord. 15 a CLYnpany ￿r[￿l￿d by gU￿antee rM)I ho¥iTrJ shore co￿101 INO. ￿6611?) cy)d o reg￿tered charity
INQ. 10706841. CoFd 15 managod by a Boord who act as directors ol Ihe compony ond InJslee5 01 Ihe clwJ%ty. CoTd FvJd 60<x
membe[5 Ot the dale ol Ilys rep￿.
The lolowlng he￿ office 0$ dtsel￿$ Imerrbets ot Ihe Bocjrdl Ihe year and atso held officè ot Ihe date of th15 reporf vn
olhewi5e slated..
Katherine Bredey
l<Nn Wilson
Rebecca Snead
A￿9011 Sth)pli
Robin G￿enwoO
Chod Mlilei
Appcinled 011￿12D￿5
ApOnled 0111012025
Appointed 3011012tr25
ChMsloph81 Ltwls
Wincenl
In ttceordonce Ihe ArticK* of ASIOtittI￿. the Boarcl opptsnled three Commillees to help %%ilh Iha rthYrfTrJ of Ihe affays of lh&
charitr n Ihe ueo& ol linonctr. Risk Manageirenl ond PiiTrwomrne5. The BoaTd oims lo hové ot knst Iwo BocKd m&mber resxesenlollv*s
on eoch comrrmllee. The Bocyd appo1nls Ihe commillees on Iwmly bas￿. Andy Posk ond Kalio ffich<xthorn m8mbets ol Ihe Leodetsim
le￿n. Alde T￿mPson Block were d50 oppolnlèd losome of these comrnille¥.
ClwefExecutive'.
Andy Pa5k
Kolw) Richardson
Corfpany 5eeièiory'.
c￿￿￿rg9￿￿OIon nlmber.
CoTnpany reyslroffon number
Address ol the reg￿tered olfic8'.
ond odclTessto the bonk..
1070684
03566119
Enlerw5e Hov5e IG71. FO￿5￿ EnlewMse Pc#L Courtaulc15 Woy. CV6 5 NX
6orcluyl Bank PLC. 50 Tha Ptrade. Lgom&iglon Spo. CV>2 4DD
stql•rnent ollhe Bourrfs r•¥pO￿1b1mIe1
Th8 B(xircl Iwho obo Ihe alreclo￿ lor the pLKposes of compony l¢¥wl 15 r05ponsble ftr preporiro Ihè Annual Rep￿ otKJ Ihe
51alemenls in occordonce wlh oroFcobl& kJw and Unlled Kingdorn Accounting SI(￿d￿r¢s Iuniled knngdom Gen*afy Accepted
Accounting Pro¢li¢el.

Ct4d Gkbol
Boord'¥ •nnwlrnwTrfoilh• y•(v •ndlng 31 D•cemi>yr20251¢¢)nYdl
Yol•m•M¢lth• Boord's r￿Pon￿nN•${cOnW￿j
ompany l(wo fequres the 8oard Iv PT&PQl& fingncial 51olemon15 fcy eoch fiThJncwJl y￿, wh¢h 9lve o true •n¢Y frAr ¥*w ol the slole of
ol the ¢hffilabl8 comwny orhJ ol the incoming resour¢es ono opplicolK>n ol r¥otKces. in¢ludng the kncorne expetKflwe.
01 Ih8 charitable compc*yforlh8 yèar. In prèwrfng Ihese finot)dol Slotery￿￿t$. Ihg 8oc¥d isrecwkedto..
5ele¢l sulab18 occounh'ng poI￿leS arbd Ihen oDphflhem consi>lenl
4 obsep¢e Ihe melhoth an<J prinCp￿5 in Ihe Charilie5 SORP 2015 IFR51021
mc*$ lu(*emenls and eslimale5 thol are reaSOna￿e on¢lpru¢lènl
4 slole w￿ther opplicat4e UK AccouDlino Stondar(1s hove bgen lolowgd. sv¥acl lo ony maleoal depcrfluie5 dscbsed and expl(¥ned
io Ihe finontsol slolemen15
p¢ptsre the finonod slolemen15 on Ihè 00iThJ concém ba*$ unlos$11 b hoEproprfole lo KKe5ume Ihal th8 chtiritablè conpony wll
conlinv& in coerollon.
The Boord is i*spongblè k•eping cxlequole accounlyw record5 Ihal di5dtrse re050m￿e accuracy al any thrn8 the finonciol
po511￿￿ of Ihe choriloble compony on¢ enc￿￿e them lo enS￿e Ihol the fnoncigl 51olemEnls compty Ihe Companie5 Act 2006. fhey
are olso re5POll5ble lot 5oleguoraifvJ lh& osse15 01 the ChI￿1a￿e comp(*y hon¢¥ l¢r lowng re0sonab￿ steps lor Ihe wevetFIK)n
deteC￿n ol Irau¢J ttnci
In sofor 0$ Ihe 8ocffd is aware..
therè is no relevonl oDdil inf0mal￿n olwfieh Ihe chofjlcble cornpany'5audl¢x is un￿￿Ore.. an
M)e B¢oid howe taken steps that they olwhl lo hove l¢ken lo make Ihem5elves awc¥e ol ony relevcnl auJi ond lo eslot>lsh Ihol Ihe
¢Judloris owtye of Ihal inlcrfrnoNon.
This ieport ￿ ¢x8poredln occoidance wilh Ihe sp8cbl provb5kx¢ ol Pail 15 01 the ctynpQ￿e5 Acl 2W6 Idrjlng to smolleompor¥¥5.
Apwved bylhe 8troid on Isl Idoy 2026 and ￿9fte￿ on ils baholf by..
Kaltrerire Breoley
Cttoyof Ttvslee5

Ccfd Gfobol
IAd*P•ndwlAi￿￿s R•prytloth•TwJt••J ol Cwd Gkbal
OWfftk)n
We Ik7ve oudile4 the Anondcl sloteff￿nls of Corcl Globcl Ilhe 'ckvJrilakAe cornpany'l lor Ihg ye(Y ended 31 D8camber 202S vrtych
ccthrlse iho Slolomtnt ot finontiol lh& Balonce Sheet. the Cashfiow Slalemenl ond IfE ￿leS to lh8 financlal 5tolemeJ)ls.
I￿lUCIng srgr¥ficoil occwnl#)g poheies. The finonaol reportino fvomewoth Ihol ￿ been oprdied in their pièwolrtin ￿ (p￿iCOble IcTri
United ￿ngdoM Accounting Slondcxds. includno Financial Reporlin9 strand￿d 102 The FmarKkJl Reporling Slondoid oppIcab￿
Ihe UK ond Rermjbk oflrdand Iurilea ￿ngdoM Genwoty Accepled Accounlro Praclkel.
ln our oFwnity) th8 finoneiol sloltmenl5'.
give o hu8 ond fo￿ of 51ale tsl the C￿￿table compony's af*aY$ 0$ 31 Decémber 2026. and Df 115 ncomiNJ restsurce5 and
oprllcotion ol reswces, including 115 income and expendiluye. for the yeorthen erKled".
4 hove teen wpety ryepored in accordonce with Kingdom Generolly Accepted ACco￿￿re Pracllce., ond
. hove been tyep(Y8d in ocetrdunce wlh Ihe requiremenls Of1￿ Cc*npod6S Act
We conducted our audll In ttcor(*)nce Inlorntsl￿rVJI Standards on Aolhng IVKI IISA5 IUKII and opplcolye low. Ou i&¥>onsibilhg5
those 51andard5 0Fe lthhei in the Avdlorf5 responsibiThlies lor Ihe oudil of th8 financial slolements seelim of our report.
w* tye indep&ndarit ol the chorflo￿t eompony in occordan¢e wlh Ihe elh¢ol requirèments Ihol cxe relavont lo our au611 of lh•
5talerngnts in the VL indvaino lh8 FRC'5 Ethical Standryd. ond we hovefvlfilled other elhtol r95pon%bill￿5 in accordonca
rylh Ine5e rèquKements. We tyefieve Ihe oudil evidence we trK)ve oblointsd 15 9)ffic￿nI ond approprfolt lo provide cj bogs foi OL
opxnhJn.
Con¢lukn r•lthYt0g￿ThJ conc¢rn
auolhno Ihts finoncigl 51olernents. we ha¥& concluded Ihai Ihe trusla£s' vse ol gorvj concern I)0￿$ ol occounling in the
PTepaialon of Ihe flnoncicl 51olerrben15 is ar¥)Toprfole. Bosed on Ihe worf( we hove perfotmed. we tr*)ve not identified ony ￿￿le￿al
uncerfolnle5 ieltsling lo tren15 or corvjltio¢￿ IfKII. Irdivic*JQl￿ or coll8clively. moy c05t signiffconl dovbl on Ihe chorilable e¢mpany'
ablity to conlinvfr 0> o goiw eoneeTn fora period ofol lets>t fv¢elve rnonl￿ trom when the Inondol ilolémen15 ore 0￿h0n$&d tor i55Ua.
Our reSp￿Ibili11es ond the re5ponsibthlies ¢1 the huslee5 w*h ie5pe¢l lo goifv) are d¥crlbed in lh& relevonl saction5 Ot IP¥s
report.
The olhat inlom)tslion Com￿se$ Ihe inl<yrnction included in the board's anr￿￿1 reptrl. olh8r than Ihe fln(v)tsal slolements ond o
Oudl￿,5 report Ihereon. Th8 Irv>lees are reSpOnub￿ for Iht Inf￿alK)n ¢ontoinedwttrMn Ihe twr¢J'3 annual report. 0￿0￿rNon on
Ihe finoncial slalemenls does cover the olhgr InF¢tmolon ond. excepl l) the exlenl Othe￿Se e*￿IllY slolecl in report. we do
nol expres5 any Form DI c*suionce concI￿lOn Ihereon. Our responltyifity is lo read the olhw inlomallon ond in d￿￿9 50. congd81
whelherlh8 Oth￿ Inlormollon ￿ mtslerialy Inco￿51&￿* Ihe finoncicl slotemenls u OUT knowledge obtained in ￿ course of audt
or othet¥vise oppeois lo b& rnaleriafy mtssloled. ￿ we idenlify wch mate1K￿ nCon￿$teThCIes apporgnl rn018rf0l m15s1olemen￿ we are
reQ￿￿d lo deleimine wh8lher Ihis Gives li>e lo o materid mbslolemÈni in the finorool ￿OI￿nentS IheM$￿Ves. If. bosed on the WOTk we
have perfomèd. we conckjde Ihul ltr￿re ts o molerial ￿$s1o18M8Thf ot Ihis other F)ltymolion. we are rèowed Io 1È5XMt lacl. W
hove nollung lor6port in IIw5 rwd.

C￿d Globtsl
Indopetyd¥rtAv¢N￿s Rewlto Ihe Trusleesolcord Globallconfdl
Oplkn on oth•r moll•ws pr•scdbod by lh• CompaThl•s Act200
In OUT opiniOTh b05ed on the unolerloken th8 ¢our$8 of Ihe ovdl..
* inlomolion £iven in I￿ boords fy)nvd rep￿ lincorF4yoling the JieeloT5' re￿) lor the finonciol year for wfmch the fi￿nC￿l
slotements ole prepored is consisleni wlh financid slotem8nts." ond
the boord5 report lincoporo*1￿g Ihe rfirecloF5' report) has been Fxepai&d in awor¢k)nce wlh (￿￿1C<￿ie legal reqwemenl5.
l•lallerson **kb weovevequlred lo report by excepfio
In the li￿1 ol the kncbwledge vndetslondinu ol IIE ch¢*loWe ¢omwny ond its enviitsnmenl ¢)bl¢lned Sn the colxse of the ovcll. we
hovg not iJ¢ntiI￿d mtsierid nM5>1olemenis in lh& bo¢id'5 onnuttl rÈporl.
wè hove nolhing to rep¢￿ in rtrsptcl ol tha folbwng mollets in ￿latiOn to wfwch lh* Comp(¥)18s Act 2(N)6 requres ￿ lo report lo you il. In
ouropiniort..
(Klequal& accounlwio récord5 hovtr rK>t be￿ kept. or relums ¢%y￿U01è f(K our oJdit hove ml rÈc6rrtcl from lyonches nol
the Ilnoncicl slolerrtn15 ore r￿1 inogieemenl Iheaccounhng recud5 letu￿5.. ar
eertoin clrlosvres olaiiecltys, remunerohon bylow ole nol modg.. or
' we hov• not r6ceived ol informolion (nd ewonolbrts we r¥ulre t￿ our oudlt.. or
the Imlees were not entil￿d lo prepore Ihe financial 51atem8n15 in accordance wth the sml compcrdes, regYre oncl toke
odvonla9e ol Ihe smdl componie5' exempli005 in preporing Ihe rflreclo￿. ieporl from the reouiremenl lo prep0￿ o slroleglc
rèport.
As ex￿air￿d rnowe luly in Ihe botyd's resoonybWl*s stolemenl, the InJslee5 l¥*ho ¢Jr8 also Ih8 dreclors Ot the choriiobl6 comwny I
Ihe purposes ol coTrpgny lowl re5PDn5ible lor M)e yeporolion ol Ihe finonoo1 slolemgn15 lor boing saI￿lIe& they give o
Irue la￿ view. ond 1¢¥ 5U¢h initmol eonlrol 0$ the Iruilèès dÈlérmi)è is necessory lo enab￿ Ihe prepara1￿n of finoncKJl 51ol8menls
Ihol ore tree trom molengl Th￿SsIa1￿men1. whelheT du8 lo fraud orfrThcK.
In ￿e￿O￿r￿) the fjnoncM)l slolemenls. the Iiuslees or& responsiblg lor 0559s&ng the th(￿￿￿18 compc¥)y's lo conliruo os o gcx
conceffl. disclosin9. a$ applicablt. It￿*e￿ lo 9¢￿r￿ concem und wng Ihe eoneem ba#5 of occovnbro unl85s
lotslee5 eItt￿l￿tend lo ￿q￿￿Ole the Ch(￿1￿bI& cotDpony CY ID ceo5e £￿￿010n$. orhave no re(*iS1￿ ahetnalive but lo ob 50.
Audhfs r•spO￿t4￿•S1Or￿tthJd￿￿Ih0ffinO￿1￿1 slal•m•nl%
Ovi oiiectiVe5 ar$ lo obloin reosonable a55vrance about wh&lher the rwr¢￿1 slolements 05 a vthrAe ￿e free from rnal&i
m￿51¢18[￿8rtt. whalh¥ dve 1¢ trovd or effor. and to issue an audilor's Teport Inot our 0￿0Th. Reasonokle a55￿Cnee li o high
level of tt55urttnct. bvl is nol o gvoronlee Ihal ou¢il condu¢ied in accordorK8 wilh Is￿ IUKI will olww delecl o ml*Sol
mrs51ateTn8nl when il e￿$1&. Mi$5tolemen15 con i)rise trom haud or éffor considereLI moleriul Il. ￿￿￿1{￿allY or In tt)è oggegol&.
Ihey could reg5oncknly be expected lolnlluence lh8 8conomiC dea5ions of usets lokenrm) Ihe bosls ol these fi￿nCl(l 51otem&nl5.
IrrtgLrforithas. Includng fvoud. are Inst(￿CeS 01 non<Dmpfiarte wlh lows ond regLlolions. We d￿9￿ proced￿0% in ￿ne with our
1&5pongblllli85. ovlmned obove. lo detect material tn$51oleffwts ffi respe¢l ol IrregLAorffves. inckjdiry traucl. Trbp specific KKo¢e(￿re$ f
Ihs engtsgemenl ond Ihe gxlenl to which these are capable ol deiecling Kregvloriles. includng frau<J 15 delcjiled bdow.
Auditing risk ol marM)9emenl oYeThKle of eonlr(A5. int￿￿￿ I￿OUgh l¢sli)g lovmol enlries and othar odi'Ltslff*nls for
appioprialenes5'.
. Revieww mwxJle5 01 meelry5 01 Ihoso chtyged￿1h govemonce.. and
. Ewuty ol monogenKnl lo KlenlKy ¢x)yinsloncw of non<0m￿1n¢S ￿th I¢￿5 andregA0￿ns.

CO￿ Gkbtsl
Ind•pendent Audttor'* R•pthtt¥ tho TN$1•0$•1Ctyd Gknbol I¢0￿r￿)
AvthW$ r•w$lbThos Ftylhe a￿dI¢ll￿*￿￿oneId thiTr•m•Ats leonldj
Becouse Of the Inherent Imlloffons of on w¢ll, there 1$ 0 risk Ihol we wll not dBtfjct oll uieGul(urli&s. inclvdkng IIKise leuclno lo o morarfol
lolemenl fifM)nciol sloiem¥nis oi noTr¢omplon¢¥ r￿U￿tlon. Thi5 rt5k i￿[eaSe5 the more Ihol c¢mpllor¢e with a low
regvlolion Is removecl Irom Ihe tsvenls ond Ironsocltirts r*fi&clé¢i in thfl flnaneid stalernen15. aswe be less ske￿ to becomè owor& of
kn51onces of nofrfornrAiance. Th& ￿sk Is otso gr￿1￿1 r8goidino ifvgdarth85 ¢JLJe lo frovd rolher etrc*. ￿ fraud invO￿e5
Iwtioncl conCe￿Ment. forgery. co1th￿. omis%on u ￿￿e￿es￿rnI0kn. A lurfher descfiption ol ow responsibThi lies 15 avaAable on
RepDrtiro
Courtil's
ol-.
hMps'.Ilww.ITc.org.uklOui-Wo￿lA￿t1Au￿iI-O￿&osSuranCeIs1o￿dar<ts-QnC*-
guKIonce151onduid5-on¢￿U1d0nc￿f￿-0UcIfO51Au￿rfO￿respcn5bI ifilieplor-audillDescripllOTrof￿Vdlols-faspOns1bhjh"e5-fOr￿4lf.Q5￿x.
Ihis de5cfiplion lom port of our Oudlc*'s report. W¥ commu￿tale Ih05e chc>rged Wiln oovemorte regardng. among oth
moMer5. pl¢*inad scopè and of th8 aLKfjtond ￿S￿ificant ￿Idit IrKlln9& hc]￿y1n9 ony significant In i)lard Contr
Ihotwe i(knlity4udrvJ oui ovoii.
Llséal ourr•port
Ths report i% mde lo the chariloble compony's ￿rnbe￿. 05 a bc>dy. in accoTdoft¢o vllh CFwJpleT J ol P(yl 16 01 the Comp￿195
Act 2W6. Our avtsll worf< ha5 been underlc*en so thol w& mKJThl 51ttie lo ch￿laye compony'5 members I￿$0 moMeTS we ￿e
ieovyed lo slole lo Ihem in an au(SIoT'S fsporf and fc* Tr) other To Ihe fuThesl exlenl pÉYtTMlled bv low. wa cb rnt accept or
sum* r$$pon#b￿fy to anyone olhol tt￿n the chori10b￿ cornpany and the chonlable coffpany's mernbe￿ 05 a txxty. ouoll
w<xL IOT Ihls rgpoil. or the owworb5 wehove tow.
Gregg 0￿rMF￿1 8AIHons1 FCA (Felow C￿￿ere￿ Accovnlonll
foi ond on b8hdlofHorrison Beole & (Jven Limited
ChorterÈd Accounlcjnts ond SlohJl(xy Auallor
Hi9hdown House
I l Highdown Roo¢J
Leomnglon 5pc2
Ww¢rkshSr8
V31 IXI
l Moy2026

CORD GLOBAL
SYATEMENT 01 IINANCIAI ACTivlliES {AND INCOAIE I EXPENDITURE A¢¢OUNn
Yeaw Ended 31 Oecembef 2025
IIICOME
OoThJliorn ond189008s
A)ndrol*ng Ir¢¥Jng incorn
Inv*slmenl In¢tyme
357.665
359.223
6,987
429
2.43B
2.438
360.153
561.711
398.528
coming I&￿UrCeS from chI￿1able ￿h￿fie5
Granls loropefoling ocliwltss
82.950
1.317.785
1.400.1
I.031￿0
Olhwincoryyng r950urces
21578
.578
12.967
TOTAL INCOME
465.181
1,31?.343
1.785.024
1,443,345
EXPENblWIE
Co>ts tyl rotiirffj ￿ndS
Fun(traiyng and pvbficity costs
Fun(tr(Nyng troying.. cost of gDc>d5 50bJ
Tow ¢ostolra1￿￿g funds
103A19
103.619
105.168
103h19
105.168
ExpendIlU￿ eh¢wHubte gcllvHI•s
235.792
1.187.654
1.421440
1.536.918
TOTAI EXPENDITURE
3J9.411
1.187.654
1.527.065
1.d42.086
NETINCOhlJNG I IOIJTGQING) RESOURCES
12&.270
131,
257.959
(116,7411
OIHER RECOGN15ED GAINS/ILOSSESI
Gonllk)55I onexcharse rale difterence
betw••hftJnds
20.889
20.889
140.1841
31143
NEI MOVVAENTIN FIJNDS
ia3.&3?
278A48
1244.9251
Balonce5 ￿Ought 1¢xw￿￿ l JonuorY2025
761.743
190,146
951.889
1.196014
•ALA14CES CARRIED FOIWAID AT
JI Oeeembw2025
876.759
J53,97$
1.230.737

ORD GIOBAL
srAIEIAENTOFFINANCIAL ACTIVITIES (AND INCOME4 EXPENDITUREACCOUM)
Year Ended 31 Dec•mb•i 2024
N¢1•
INCI>AIE
Donotions ondlegocies
FUrpdrai5￿4 tro[1￿9 ￿COn
Jnve51rnentlncome
396.807
429
396.987
429
337.069
1.044
917
398.408
120
3ff 528
339.630
incoming resources Irom choriloble tseliyilies
Gronts foroperoting ac1p￿t*S
945.770
1,031.850
1.604.970
OlherpncoMK)g[e￿Vr￿S
IiP67
iiw
21058
TOTAL IIICOAIE
49TA55
945.890
1.441J45
1.9H664
EXPENDJTVRf
Cosls t•rdslng
Fvndrtygng andpub￿1ty¢osls
Fundrtsfyng trodKy.'c051 olgco<YSs￿
7olalcostofftihlngfvAds
105. 1
105.108
IIZ245
105.168
105.168
112.033
2￿339
1.280.579
1.5M918
1.564.?52
TOTAIEXPENDnURE
Joi.so7
I.2￿.519
T.U2.086
1.677.585
NETINCQMING I fOWGOINGJ IESOURCES
135.P41
(334.U
(191741)
289.on
OTIIER RECOGNISEDGAIIISIftOSSESJ
Goinlllo$51 on exchonge role d111e￿￿te
Tronsf8rbetween fLdnd5
14&184J
14.5791
146.1841
128.324
4.579
NEIMOVE41EI471NFUPIDS
45.185
PJO.119)
P44924
7é0.752
BthttncestAoughtAoThvardaf i Jonuury2Q4
670.558
520.256
I.1￿814
8AiANCES CARRIEDFORWARDAT
31 D¢¢•mber2024
761,743
190.146
151.•89
1.19&814

CORD GLOBAL
BALANCE SHEET
As 0131 December 202S
flXEDASSE
It￿gIbb fixed
24.824
41.990
2d.824
41.990
CURRENI ASSE[5
Dèbiors
236.6B4
I.CX)6.469
267,624
687.047
Cg5h al bank tsnd in h¢#)d
1.243.153
954.671
cRED￿0￿￿-
Amounts du•wilhin onsyeor
137.2401
144.772
NE[ CURRENT ASWS
I.￿.915
90?.899
IOIAI NEI A￿E[s
1.220.737
951.889
FUNDS
Vnr*￿ttled Funds
GENERAL FUND
De5igrboled FL#)ds.'
U￿encY￿15k Manaoemenl Fund
De￿9￿ole￿ Ftted Jb5els F￿d
IrwTholK>n Fund
722.405
635.870
.981
11,205
84.lff
18.865
41.198
10.080
ProgTaTnrne Fullnlment Fund
Devebpmenl Fmd
19.064
876.759
761.743
R•tsfjded Fvnds
Re51fict8d Incorr* Fund
Reslrfcled F￿ed I￿Se15 FurKI
Tolol Rtsfrkled F￿ndS
167ml
23.125
190.146
13.619
351976
TOIAi fUNDS
1.23D,737
951.889
These slalements rye piepared n ￿cOr￿n¢t￿l1h Iht speclol prowsbrts ol PQrf 1501 th8 Compo(¥85 Act
rdothng 10 5rn01 comporie5
Th*e ffnoroal sloleff*ntswere approved bythe btrcrd on Isl 2W6
cydsignedon ol Ime bottr¢J by
K(Ilherine Breoley
Choir

CORD GLOBAI
STATEMENT OF CASHFLOW
Y¢•v Ended 31 D•e•mber2025
C¢Jsh prothd bytspu01Jng qclPdlles
296,095
Plrthcue ol longb￿ fixed 0ss*15
Proeeeth o150È 01 [￿ed 055e15
leresl recaved
120.5081
21(Y4
?.43B
117.3471
Chonge in ¢￿h oThY cosh eq￿yO￿ntsirn year
8.533
149.8421
Cosh c05h equivol&)ts ol Ihe beGinnTrig ofth&year
667.047
783.073
Chonge cosh ond COSh eqLiva￿nlS lo exchangfrroltr movement
.889
146.1841
Totolco5h ond cosh 8qLlvalenls ol the ervj of Meyecy
l.C06.469
687.047
Re¢•neI￿lIon ol Movemènl In fvnds knnqtcash knTfvom opwithnj aelhl
Nei movement in funds
ACIju51menl for..
Interest received
Der￿￿OI[on chtrge
Goin on (Isposol ol I￿￿￿e flxta 05sels
Decretse in d8blars
Decrease In c¢Jtory
unreolisedl9air￿1llos$ÈS on forwgn eLvency
Nel cosh provmjed byoperoling ocliwtl95
278.846
1244.9251
12.4381
17.409
12.10P1
1S4.422
12.3641
46.184
1324951
.940
17.5321
I￿,88?]
296.CV5
An¢ay* f4cq5h and ewh •qulwl•nts
C05h in hond
l.W6.469
&57.047

CORD GLOJAI
NOTES TO THE ACCOUNTS
Year Ended 31 December 2025
I. ACCOUNTING POUCIE5
e princpol a¢¢ounting polcbs oyopled ju¢JJemenls l￿d key Sourc￿ ol 8slimolon wcertolnly kn the wepar01K￿ ol the firbanc￿l
stolemenls cxe C￿ lolM'.
501weptyalloTh
The 51oleff6nls htye tr)een piepared in accoiLlQrt& ￿1h A¢counling ond Reporlfftg by ClvJrili85." Slalement ol Recommende¢Y
Practic* oppli¢o)b lo ¢hariliaS preparin9 the￿accOUnts In o¢¢oidonce with Ine ￿n￿CIal Repott4ng £ttsndofd (wpliccknle in the UK and
Rep￿IC ol Ir4ond IFRS 1021 leffeclive l January 20191- ICh(¥ltièsSQRP IFRS 10211. the Finoncicl Reporting Slandoid opp1Scob￿ lh& UK
and Republic of Irdond IFRS IIKI. the CcmpcmEs Act 2006 ond the Chotili¢s Act 2011. Cord meets the ol o public befte￿I
enlily under FRS 102. AS5els and Ik)bililEs are lTh1lally recogni%ed ot hi51oricol ¢osl or Iransochon volue ￿r￿eSS olherhise sloled In the
rdeyonlaccounling polcy nolelsl.
Fund accou#￿n9
G•tTr•raIun￿Sb￿Cl*dIVnth (¥0 l￿d$ ov010b￿ lu use al Ihe d￿c￿ello￿ of 80(xd toward5 acheN4ng ony th¢￿10ble pvrpose IIK)I lo115
rithin Ccrfds Ch￿lab￿ object5.
D•slgnated urn?slrf¢led Ivnth includ8 roseryes inve51ed in 11*4 05sels or amoLVt5 59t agde by Ihg Boord from unreslTLlad lor
specific ful￿e purp05e5.
Rpthledluhdi ore Ihose tvrKts 5ubW lo spgeific conddiys Imposed by (k>nors. Al Iho year-￿d any fund d8ficits ore ￿￿t01red orly
when Ihe Botsrd ere ol the opinh)n such d8ficilS vlll be elirrirKJleol In Ihg 5horf lerm.
comg
Income 15 recognised when Iha ¢hortly hcss enlilleTnenl to Ihe Ivnds. ony pertorrnnce cort￿110n$ olloched lo the itemlsl of iicome
hQYa been rn?l. il Is probtsbl& tfw)I Its income wll b& recebvad onJ In& amwnl can be m8osur$<J ieliob
Gwontlneom
Gianls ore occounled lor ￿9￿1 lo considerahon is •O￿Ll under the *em$ of gronl. When income ts rece￿e￿ h odvance. its
re¢ogtMbon is ol tre dolg ieceived ond El818rre<l IncorT￿ 15 Shown D Ihe resI￿le￿ fvnd5 bdorce for￿￿th. When enlmerwnt
cCcU￿ beloie w)come srecewed. the income is Qccrued.
Legacle5
Legocies ore Fecoyisod in the accoun15 wheo enlilèmenl occu￿. Where rnlificolion ha5 been i*c¥veKI or a Wcy hos l)68n
16ceiv¢d aller Ih& accounling yèaT Énd and bt ts clooi Il hts& been weed by the pewnol rewesenlohv* piioi lo Ihe Ye￿ en<J il is
inclvaed ￿thIn ncorne i>)d octsu￿ wHNn iJebloTS.
ExpeffidknJr•
È¥penJlure Is accounled lty on an accnJaL4 bc5i5. Flmdrolslng costs ￿Cl￿1￿ the $d(￿*s. direct oxo8ndilure oYeFhead costs
eshmgled 10 SUPPOrt fvn<>tglsing o¢liVilie5. Expen(*lure in the UK to Support the mcmn oty¢c15 01 the chority ty¢ Shown 5&poratoty within
choril(*>le expendture. Ihe b0515 of opporlionmenl of UK Èxpencllwe lo lh8 prillciDoI expendilure he005￿5 rèfiecl lirre and resourc85
expended cSrecllyon Various acNvilles orin svpporf of thes& ocl[￿h"eS.
Grants payabl•
GI￿15 paygble ole o¢counted lorwhan Ihorecyient h(K a reusoDgile expectation lfvJl Iheywai rec￿& the gront ond ony ¢ondMo
ollachtd to the oroil have beon h)￿le￿.
The FinoTrcid siolemenls con5dithle lh8 ineoffÈ ond expendiluie oflht ovefjeos ond UK op8roll￿s.
D•btors
Oebltrs 0￿ measfftd cxi Ihtr ol Iheirieeovaroble omounl.

CORD GLOBAL
NOTES TO THE ACCOUNTS
Y•or Ended 31 Decembei 2￿5
I. ACCOUNMNG fouciES ICONfDI
Creditors are recogrwse<J whwe lh& chgrily ha5 a pie5enl obligolbn resulling Irc>m o p(￿1 frvenl Ihal probobty result In the tra￿ter ol
funds lo o third party arKI the (mounl Jue 10 5ellle the ob5gal￿ con be rytosured oy &strnaled re￿￿¥. Ciedilors provI￿onS a
r8cogrysed al thairsel*lem2nl (xnovnt.
Ftied Assets ole dated al hKlorical c051 less depredolity). A￿15 are capllali5ed ￿ Ihwr wo￿* &￿eedS £1.LXK). DepTecbffon Is prow¢8
on o shoohl line b05is in ord¥rio wlle off ItrE as5els over theY8slinieQ u5etvl Ilve5. per¢a)loges Ltsed ore shownln note 7.
Curr•ncles
Tronsocliyts in fts￿9￿ tu￿en¢1es tye Iransloled ol the iole ol exch0n￿ on Ihe dale of the Irans¢tliDn. Monelory ond
l￿bIllI1&S denominated in lorwgn cUwer￿￿5 owe revOk￿d al Ihe yety end rol8 of exchan9e. Thtferfynces od5ing on exchan￿ hov8 b8en
ecledin the accowls.
P•nslDns
Thè cha￿ty operoles o aefir*d eonlfibulion pensi￿ schoma. The peThsm￿ ￿1$ th(Yged in Ihe fnarcK41 slot8men*s represenl Ihe
conlobulion5 payoble Ihe ye(T.
The ¢htyStyh05 no e￿￿tlement lo VATexernpliorn Al UK VATi% 011￿bUted lo ils ￿ne ol expendlL*e ond connol bsreeovered.
Vdunlfrers
Certanwort In UKoffi¢e 45 vnLlertaken by Yoimleers. 9ve ofthsr ￿me otCOs1. Trls ir ol brmense benefit lo Ihe orgonbolion.
parlicularf¥ in the or60 ol pubficty a￿1 odmintslrothon. The imrltobon ol vduntw contribulity) É rhDI ieflecled n lh8
inoncial slolemenls.
i•athg C•rtththments
Renlds pokj vndèr owoting ￿ose or& chtrged to the 51olemenl ol ffnanciol AclkVl￿0s on 0 5tr¢¥Jhl Ihè btt*5 over P&ritsd ol Ihe
le￿e.
L•golStolus of Iho chtt
charity 15 0 compuny IKTrled by gvoronle&. h05 no shore eoylol is iegislered in Engk3rKJ and Wale5. The ¢ompcvy'5 r8gi5teitr
rnjmbei registeréd trffice can be folnd in Ihè BoaT¢'s Annvol Report.
Fknandal Inthrn•rds
The chaiity orly has finonciol os>&ts and finoniol vot￿￿11*5 of o kiid Ihot qJolfy a5 bosic finC¥￿Id instruments. flronclal I￿1[UrT￿nIS
ore in1liol￿ Tecowisad ol Iron$oeiion Yalue onclsvb5eouenlly meosuEd al 5elllemenl value.
Cth¢dA¢eoum￿ng E#lmal•s Jvdpements
To be oble to tyepaie flnonocl slalernen15 In accordar￿a ￿ry1h FRS IIK. Cn(Thty rwst m￿e certain eslim01￿ ond juctements Ihol
hove irnpocl on Ihe polcies ond the amount reported n the onnvol oceom15. The eslimoles arKlpagements aTe bctsed ￿ hislorfcol
exp￿¢￿5 other locl¢rs Incb¢jN￿ expeclolion of tulure events Ihol <xe beheved lo be reason(kn18 oi the hme such e5tirnoles ond
ludgemenis ￿e rnode.

CORD GLOBAL
NOTESTQ THE ACCOUNTS ICONfD)
Ytrty End•d 31 D•E•mb•r2025
Llnr•5I￿tvd le51rleted Votol Fun¢ts
lolal Fut
Funth
Funds
2024
I DONATION AMD LEGACY INCOME
Indwdud5
Churche5
2￿).56?
10.464
20.379
1.558
232.127
10.464
20.379
23.2x1
73.003
351.223
176.678
11613
1&518
13.(¥JO
Corporol8s
L6goeièi
IOTAL DONAIION AND LEGACY ￿COmE
73.(K3
357.605
IA58
Llnreslrlcted
Re51rlct•d Votal Fund5
Ttslol
INVESTl4ltNT INCOME
unds
2025
2024
Bor& orhd ￿￿￿rvj sodety ¢eposillnleresl
2.438
4. GRANV INCOAIE
UN•st￿ Rethlded Tt*d Futhth
Fvn(h
)ds
2025
Totd F¥ndi
2024
Europeon Lknlon
US Slate Depl- Righ15 & L<knor
US Slote Depi- Office oflnltsmlonol Rslgous Freedom
Magnify Foun(lollon
D8ulsch& G&5ellschoft Trirlnl8m￿1ond Zusommanart>Bil
5x1.562
287.954
118.222
530.562
287.954
377.609
213.788
1S.WO
287.681
118.2
15.0
126.511
126.511
Dvlch Ministr¢ ol Forèign Alfo
UK Forei￿. CorT*nonwe(AlTh & Davebpmenl
n & Ne510 FeTgu50n CrKI￿o￿le loJsl
TttPNtsn Fovndotion toi Democrocy
other
TOTAL GIANWINCOME
118.898
11&8?8
Bll98
82.198
27ffj79
82.950
•2.950
3.940
1.317.785
86.890
85.781
1.031.650
1,40Q.735
Anatys&olkTarrfs racthod
Women & Girt5 Empowem)enl
CSryvJl& ChorvJe & 1he ￿vIro￿n￿nI
Economr Empowemnl
Fundamentd Freeaoms
5upprylho Strcngelsoc￿I￿S
16,590
16.590
16.590
16.590
f27.434
IF￿.011
76,374
377.884
4S6.022
244.024
196.661
.652
197.263
20.311
259.428
351.296
92.964
3?4.4Y4
16.590
.960
472.612
1,400,78S
I.031￿0

CORD GLOBAI
NOTES TO THE ACCOUNTS ICONTD)
Y•or End•d 31 December2025
5. OTHER INCOME
In¢KJ¢e<Jwilhin ¢lh¢rv)come Is ¢onsvltancy tees. 5undyincome arKlinconE from 501? ol ossets.
I. IOTAL RESOURCE5 EXPENDED
Gran
Tthl
2024
Payab
Coslj
2￿$
FurKlrcAsing arkfj publlcity costs
FuTh*<i5ing trading.. Cost of sdd
103.619
103.619
105.168
Dked Char*obhA¢lfvNy
Women & Gid5 Empowewmenl
Clirnale Chonge & Ihé Enwrtrnment
Econom¢ Empowemenl
Fundam6nlol FFè8d¢ms
96.415
69.712
16.188
61.248
51.928
.591
351.485
301.325
58.509
331.709
493.890
1.536.gla
43.123
37.157
149.992
62
205.512
316A17
701,144
76.583
92.927
163.301
352.616
375.022
658.979
Svpportiry Stroryersoc*l￿s
StrtrAotol Dk•rlththb￿
179.061
366.301
1.423.416
Tolal •XPAThthl¥ro
7N,4H
316.3(
456.317
1.527.065
1.641084
Gronts poyotAe gronl poyff*nLs10 29 in51rlvlions wnlÉ8${2￿4". 33 h5hlulbr61. m¥ n(xn&s ofgonl i&dplents rye rol
scbstrd due lo exrylionon IPE orcwnds ol ￿10￿5 ryejuclce.
Sw)port Cosis allocated 05 Irlbw5.'
2Q24
Le¢ydetship
Progrommtrs
Operatior
FurKtroilrKJ
91290
79AIS
180.593
103.619
95.193
97.493
173B39
456.317
471.193
NETIFICQAIV(EXPENOITvf¢EI FOR THE YEAR
Thlsts stol￿*)1•erchty9￿
OpeiolTr)0 th5es- bn(*ond
Operalirva leoses- euuplnenl
lees
Gains{￿ d5posolol tory￿@ fv'xed 05sels
Depreciathon
24A89
234
8.ICQ
20.134
2J4
17.409
Trovol ond 5Utsi51e￿e expense$ totalw￿ £W were poid to6 tA￿leeS ihe yeLY12024.' £193 lo fvusleesl. inswonce
pohy by chority lolded£251 12tr24.. £2441. ND tr￿1*&￿eterYed remunerobon. During Ihe yeor donation5 recaved from tWsle8s
lolc*d£l.99? 12ts24'. £1.5SOI. Ihorewere no rdaled potty fran5ac￿on5ln dlh8r year.

CORD GLOBAL
NOTES TO TIIE ACCOUNTS {CONfD)
Y•or End•d 31 Oee•mbtt2025
STAFFING
UKS
In*Sh
202$
2024
Salorfes ond v￿ge5
Empk7yeT noliond insurance
pknyei VK Penyon conhlbullon
367.900
34.451
21.730
339.799
707.6
34.451
671735
28.L3
21.7>)
763.8
19.347
720.Y)5
424.(￿7
339.79P
Tht ov&rooe nvmber ol employees Iful ewvokntsl wo5:_
UK." fun(ka￿l￿g 51otf
UK.. olhwsloff
Other counlrie5.' nlemlio￿l 51att
ON)w counlfjes.. rollorol &loft
16
14
28
One merfèeT o151otfrecerigdemokjmenls Isal(yy and bene1151 Ihe £60.(th10£69,999 boncl.
P*nyon co$ls (Ye ollocoled b oclvilbs ond ￿T￿lS in pioporlk>n lo Ihg related 51offirtg costs irtwrea.
In l)25 and ?024 lh& key fTh)nogem8nl leom ol the ChoAly compthe kne InJs1e￿. ChS&t Execulwe oificeranol Heod otOp¥olions.
The told ampioy&e benefits of thè k8y monC&8ff￿nl personnd for thé charity weie£135.40712024." £131.5101.
7. FIXED ASSEfs. TANGIBLÈ
tqulpmo
VehIc￿3
COST
Al l Jonvory 2025
A4¢JllorG
Di5P05a
At 31 December2025
88.785
.533
IX.318
57.731
33.533
91.264
ACeUhlilLATED DEPRtClAIiOP4
Al l Janvafy202S
Chaige lor periool
Disposds
At310e¢erni>ef2025
64.856
10.245
131.0541
44.047
15.472
6.921
80.328
21393
66.440
Wfl BOOK VALiIE
Al31 De¢ertTrbw2025
13.604
24.824
NET BOOKVALUÉ
A131 Decemtyer2024
23.929
18.061
41.
D•w•¢lulfon Ral•s
. 33% 20%. 33%

CORD GLOBAI
NOTES 10 THE ACCOUNTS {CQNfD)
Yeor Ended 31 D•c•mber 2025
& DEBTORS
tsront & NGO ST(￿* d8blors
Olherdeblors
Pr8poyments & accru&d income
197.120
19.256
231,616
19.777
236.681
267.624
?. CREDIIORS. amountsfolllng dv•thln or*y4
Granl credito
G8n8rdcreolttrs
iaxg5 sotid secufty
4.095
23.634
13.606
3>.240
8.277
io. optR4nNG iEA$E COhlMfiAifNIS
MIT￿Mum lease po¥mèn15 Under noTrconcdltttAe op8rothng leases ltsll as Id
202S
EXp￿Ing..
Ilhin on* ytrar
B8fw8en ond fve years
20.756
13.727
960
14.687
8.905
29.461
11. MOVEMtNTS O* RE5TRICIED FUNDS
Bah7nc•
l Jttn2S
Al•vements kn Re50ur¢es
Grunls Olhw Inc¢)m• Expvnd•d
Ooknc• OP
TvaTh*fer 31 O•e 25
Women & GI￿ &nrowwffl8nt
Clmote Charw & Envirorm￿l
Economlc Emp(wermont
Fundomenld Freecloms
Slpporting Strorw5oc￿h
Tdd RoJlrfct•d Grottts Funds
Re51d¢led Assels
Tatal
15.698
227.435
IpJ).oTI
7m8
T7.819
22.678
IT.￿241
77,819
76.374
377.885
456.020
1.317.7
347
126.6491
11.060
54.1
97.038
117.478
167.021
23.125
190.1
347
1543.4WI
3.229
32143
.575
340.3$9
1.558
19.5061
11.187.154)
1,317.785
143
353.974
ch¢Y￿r￿aln¢ gendtrmeowlityand women hlman rfw)h15 defende[5 lo rAomotejusl p*jcefLrfsoC￿1k￿.
Change & lh• EnvkoTrment
Builoing copodty 01￿CrA ond tnc&genous People gioups I0￿01￿¢t Ihetrbnd troiniw nehvortbtAlclng ond
erv)ouemgnlwllh prtvol* seclorand govwm￿nI rwi51riè5.
Empowering cornmunilies lo sove rnoneyeoleclrrfalyand Nlvesl in ihwrown bu￿neSSes. lodllolng a SThift Irorn oviclkn rr¥ndEI to
a sertse ofempowemenl over own fubjre.
lrryr0vi￿ Ihe thowkdge and opp&'coli¢x) Ottrunonrighls inclJdifwJ freedomsof1$llg￿. Witf. ex¥esMn and Charrp￿n1ro
Ihe fv4h15 01 grou
Supwwng Stronoev S¢¢ielle&'
Slren9thenpng cwH Society ￿0derS Ihrouoh kanin9, M8ntOrsn￿. 0ndnelw0￿ 1¢ use Ihervoice lotknng meorwnotvlchowe in their
eomunilie5. Engagino p¢>wert)01de￿ ona erthanting Ih&r Otslity ttsgovem ond ccAk)boiale ellÈclrrfetywilh communib8

CORD GLOBAL
NOIES TO THE ACCOLINTS ICONT'D)
Yeor Ended 31 Dec•mb•r 2025
11. MOVEMENTS OF RESTRICTED FUNDS ICONTD)
BalorK• ol
Mtrv•m•nls In R+JovFC*X
Grants Olheylncoffle Expended Translw 31 Dèc 24
lJon24
Restr￿ted Ivnds
R•SI￿ted fi*d assets
.001
945.770
11.280.579J
17.2911
11.870
167.021
23.125
Tolal
520.250
94&770
(1.2&1.579)
4579
190.146
12. ItNRESTRICTED FLINDS
The curyency exchL￿ge gor￿ Inal ol knssesl incuwe¢Y In the yerA have been Sel o%de 5epoiole aeslgroled fimcl. The lund ha5
b$en sel up os port ol Ihe ii5k m<xhagetnen1 sirot*uy ol Ihe orgonisolbn. In oidei lo ne9ale lh& Ivlwe impo¢1 on the
general resetyesof the or9￿￿50t￿n du* to exchoige rola fvclu(Jlions.
Imovothon Fvncl Iprevlousty MinFPlol Pi4ec15 Fundl hg5 been eslotAt5heol lo faallote specific oojaets ond ac11￿1&￿$ Ihotdirectty
contribute lo Cord ochWh)g ilsslr¢legic prioritie5.
Dewek)pmenl FLJrMI has been Set up 10 prowde l1tsjr￿￿g for￿ op8ralitinoi systemsltrprovement piojecl.
ProgTamme i￿￿1[￿ent Fvncj htys sel vp as partof Ihe rfsk monogemenl strotegyoflhe 01gorw>otloninudertoen5ur
fulf1￿￿1 ol ¢OmYilled Mull￿¥&￿pTQ9r¢ynrne5.
A seporoie ¢elgnaled fixed 0$581S is used to oc¢ounl lora5sels Ihal cTe unresM¢lerJ In IheirpLXP05e. where the ossels loke
Ihè Icm of lonjble Lwets.
Oalanc• al
l Jtsn25
IAovementsln Res<wr¢e$
Exchong0
Exwndod
Bdonceal
TMhsFer 31 O•c 25
Unr•strktr•d FLJnds
GeneT(Jl funds
DKlgnat•d Funds
Currency ExclK]nge ￿sk thamoemenl
Innovation Fun
Developrrwt Furbd
PrO￿￿MMe Ful￿1￿￿￿nI Fund
Desig￿ted Fi¥éd A&sels Fw
465.681
I￿.525)
7220llS
IX).9081
39.981
84.102
17m61
15.130
10.680
8.386
19XJ66
11.J)5
18.865
761.743
17.6601
1339,4111
465,481
20.881
{32.1431
876,751
8aJanc+ al
Moyemenls In R•sow¢•s
Incomlnq Expend•d
iJth¥24
Imnjlw 31 D•¢ 24
Genwol ￿n￿51￿Cted funds
e$￿jnUte￿ fimds
7olol
545.715
497.455
1354.5911
152.7(Vl
48. T30
{4S793
635.870
IJO.843
146. 1841
{4a 184)
125.873
76T.743
67&55B
497,455
(361.507)

CORD GLOBAL
NOTES TO ACCOUNTS ICQNfD)
Year End•d 31 D¢¢•mb•r 2025
13. ANALY515 OF IIET ASSETS BETWEEN FUNDS
lon9lbl•
Cuwenl
Total
Vtéslrklqd Fvnds
Reslrlcltd Granls
Rest￿1￿￿ Fi¥edAs56ts us8iYin woièc
Assots
340.￿?
340.￿9
13A19
13.411
340.359
353.978
Unr•strkMd Funds
Geneiol Funas IvndeslgrKJledl
De￿9￿01&￿ Cwency R￿k Monogemenl Fund
Lk&gnaled fyxe¢JAsEls Fund
Desiwled Innovolion Fvryj
Dtrygrol&d Developmenl Fvn
DwvJnJled Prwcmme FvifiLmenl F￿￿
Tot41
721405
39.981
39,981
11.205
11.20$
84.11
84.102
19.060
6S.554
19.066
11.205
B76.759
l￿feral Fund5
14.124
1.205.913
IJ30.737
ffithenlresour¢8saTe he￿ ￿ an oppropriale ftym toenotd8 e￿h lurKI to be q>pled in accardonce Wrlh Ihe rO￿KIlon$
imposed.
1& CONIROLLING INTEREST
Ther$ is noovg1011 eonlrdlng interest.