**Registered number: 03830136 Charity number: 1080731**
## **The Global Diversity Foundation**
**(A company limited by guarantee)**
## **Unaudited**
**Trustees' report and financial statements for the period ended 31 March 2022**
**The Global Diversity Foundation**
## **(A company limited by guarantee)**
## **Contents**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Independent examiner's report**|5|
|**Statement of financial activities**|6|
|**Balance sheet**|7|
|**Statement of cash flows**|8|
|**Notes to the financial statements**|9 - 24|
## **The Global Diversity Foundation**
## **(A company limited by guarantee)**
## **Reference and administrative details of the Charity, its Trustees and advisers for the period ended 31 March 2022**
## **Trustees**
Mr William Carey Dr John H Hemming CMG (resigned 15 October 2022) Professor Yadvinder Malhi CBE, FRS Dr Sarah-Lan Mathez-Stiefel Dr Howard Nelson Dr Wolde G Tadesse
## **Company registered number**
03830136
## **Charity registered number**
1080731
## **Registered office**
37 St Margaret's Street Canterbury Kent CT1 2TU
## **Company secretary**
Mr Manish Panjabi (resigned 13/12/2021, appointed 09/01/2023) Ms Hannah McGurk (appointed 13/12/2021, resigned 09/01/2023)
## **Accountants**
Kreston Reeves LLP Chartered Accountants 37 St Margaret's Street Canterbury Kent CT1 2TU
## **Bankers**
National Westminster Bank plc 11 The Parade Canterbury Kent CT1 2SQ
Page 1
## **The Global Diversity Foundation**
## **(A company limited by guarantee)**
## **Trustees' report for the period ended 31 March 2022**
The Trustees present their annual report together with the financial statements of the Company for the year from 1 October 2021 to 31 March 2022. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **a. Policies and objectives**
The charitable company's objectives are:-
i) to promote, for the public benefit, the conservation, management and development of the physical and natural environment and the maintenance of agricultural, and biological diversity, and cultural heritage in particular (without prejudice to the generality) through applied anthropological, ecological, enthnobiological and biological science; and
ii) to advance the education of the public into and promote research into ethnobiology, biological conservation and cultural continuity, making the useful results of such research publicly available; and
iii) to relieve hardship in local communities in particular (without prejudice to the generality) through ethnobiological and biological conservation, and cultural continuity management, and development projects and programmes.
The charitable company had a wholly owned subsidiary, Diversity Excursions Limited which was dormant throughout the year, but whose principal activity was previously that of designing and facilitating tours of Morocco that focus on cultural and ecological diversity. Diversity Excursions Limited was dissolved on 1 February 2022.
There have been no changes in the objectives since the last annual report.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Activities undertaken to achieve objectives**
To achieve its objectives, the charitable company develops applied research, international training and community projects on bicultural diversity, globally and in the Mediterranean region.
Page 2
**The Global Diversity Foundation (A company limited by guarantee)**
**Trustees' report (continued) for the period ended 31 March 2022**
## **Achievements and performance**
## **a. Review of activities**
During the period, the company has continued to develop applied research, international training and community projects on biocultural diversity, particularly in North Africa. Continuing support was received from individuals, grants and government grant-making programmes that provide valuable funding required for the company to conduct its activities.
In Morocco, the company continued the implementation of two projects funded by the MAVA Foundation (launched in July 2020) and UK Government Darwin Initiative (launched in April 2020) to conserve agrobiodiversity, support rural livelihoods and maintain traditional landscape management practices in the Moroccan High Atlas. The company also implemented smaller grants from MAVA Foundation to support with fundraising, organisational development, and learning and sharing . The company has helped launch the Alliance for Mediterranean Nature and Culture, a regional partnership that helps maintain Mediterranean Cultural Landscapes. It manages the communications activities of this Alliance with a grant from MAVA Foundation. The company continued to support training of students in agroecological practices and the maintenance of school gardens in Morocco with funds from GlobalGiving, a facility for receiving online donations for specific projects
The company continued to expand the Global Environments Network (GEN) through an active programme of online GEN In Conversation events. In mid-2021, the company began the process of organising two significant online-and-in-person events: the GESA Fellowship and the Community Exchange on Health Sovereignty, both of which took place in the subsequent financial year (August and September 2022). During the financial period, the company began planning its Mentoring Academy, published a Toolkit, and focused on activating the Network through internal communications, member engagement and impact assessment. Core funds for this work were provided through a Salvia Foundation and an anonymous donor.
The company's website was continually updated throughout the period offering information to the general public on all key activities.
## **Financial review**
## **a. Annual performance**
Incoming resources in the period totalled £603,636 (2021: £698,713) of which £596,753 related to restricted income (2021: £697,485). Total expenditure in the period was £377,650 (2021: £712,172) of which £363,991 (2021: £711,359) related to restricted expenditure. This gave an overall net surplus in the period of £225,986 (2021: deficit of £13,459).
Total funds carried forward at the end of the period were £499,750 compared to £273,764 at 30 September 2021. Of the total funds carried forward, £425,340 related to restricted funds and £74,410 to unrestricted funds.
These funds are as a direct result of project periods overlapping between our financial years where we have received the project funding against the project year to spend before 31 December 2022. A further breakdown on projects is provided under note 14.
## **b. Reserves policy**
The Trustees have reviewed GDF's reserves policy and agreed to have targeted general unrestricted reserves to approximately two months of its annual income that could cover primarily three months of the core team wages plus ongoing commitments and the closure costs. This equates to £93,788 and at the end of the period the general unrestricted reserves were £74,410.
In addition, the charity had restricted reserves at 31 March 2022 of £425,340.
Page 3
## **The Global Diversity Foundation**
## **(A company limited by guarantee)**
## **Trustees' report (continued) for the period ended 31 March 2022**
## **c. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **Structure, governance and management**
## **a. Constitution**
The Global Diversity Foundation is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
## **b. Methods of appointment or election of Trustees**
A Trustee is appointed by the Board of Trustees.
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
**Dr Howard Nelson** Trustee Date: 31/7/2023
Page 4
## **The Global Diversity Foundation**
## **(A company limited by guarantee)**
## **Statement of financial activities (incorporating income and expenditure account) for the period ended 31 March 2022**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net income/(expenditure) before net**
**losses on investments**
Net losses on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**Period ended**
**31 March**
**2022**
**£**
**595,891**
**862**
**-**
**-**
**596,753**
**365,862**
**365,862**
**230,891**
**-**
**230,891**
**194,449**
**230,891**
**425,340**|**Unrestricted**
**funds**
**Period ended**
**31 March**
**2022**
**£**
**6,533**
**-**
**150**
**200**
**6,883**
**11,787**
**11,787**
**(4,904)**
**(1)**
**(4,905)**
**79,315**
**(4,905)**
**74,410**|**Total**
**funds**
**Period ended**
**31 March**
**2022**
**£**
**602,424**
**862**
**150**
**200**
**603,636**
**377,649**
**377,649**
**225,987**
**(1)**
**225,986**
**273,764**
**225,986**
**499,750**|Total
funds
Year ended
30 September
2021
£
662,275
35,340
3
1,095
698,713
712,172
712,172
(13,459)
-
(13,459)
287,223
(13,459)
273,764|
|---|---|---|---|---|
The notes on pages 9 to 24 form part of these financial statements.
Page 6
## **The Global Diversity Foundation (A company limited by guarantee) Registered number: 03830136**
## **Balance sheet as at 31 March 2022**
|**Note**
**Fixed assets**
Tangible assets
10
Investments
11
**Current assets**
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
**Net current assets**
**Total net assets**
**Charity funds**
Restricted funds
14
Unrestricted funds
14
**Total funds**|**306,111**
**303,442**
**609,553**
**(116,919)**|**31 March**
**2022**
**£**
**7,116**
**-**
**7,116**
**492,634**
**499,750**
**425,340**
**74,410**
**499,750**|375,859
63,763
439,622
(176,534)|30
September
2021
£
10,675
1|
|---|---|---|---|---|
|||||10,676
263,088|
|||||273,764|
|||||194,449
79,315|
|||||273,764|
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
**Dr Howard Nelson** Trustee Date: 31/7/2023
The notes on pages 9 to 24 form part of these financial statements.
Page 7
**The Global Diversity Foundation (A company limited by guarantee)**
## **Statement of cash flows for the period ended 31 March 2022**
|**Note**
**Cash flows from operating activities**
Net cash used in operating activities
17
Purchase of tangible fixed assets
**Net cash provided by/(used in) investing activities**
**Change in cash and cash equivalents in the period**
Cash and cash equivalents at the beginning of the period
**Cash and cash equivalents at the end of the period**
18
The notes on pages 9 to 24 form part of these financial statements|**Period**
**ended**
**31 March**
**2022**
**£**
**239,679**
**-**
**-**
**239,679**
**63,763**
**303,442**|Year ended
30
September
2021
£
(97,543)
(16,012)
**(16,012)**
**(113,555)**
177,318
63,763|
|---|---|---|
Page 8
**The Global Diversity Foundation (A company limited by guarantee)**
**Notes to the financial statements for the period ended 31 March 2022**
## **1. General information**
The Global Diversity Foundation is a charitable company limited by guarantee incorporated in England and Wales. The address of the registered office is 37 St Margaret's Street, Canterbury, Kent, CT1 2TU. Details of the principal activities are included in the Trustees' Report.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Global Diversity Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The financial statements are presented in pound Sterling and rounded to the nearest pound.
## **2.2 Going concern**
The Trustees have considered the charity's current level of reserves and the significant level of grant income expected to be received and consider that the charity has sufficient funds to enable it to continue in operation for the foreseeable future.
Therefore, the financial statements have been prepared on a going concern basis.
## **2.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Page 9
**The Global Diversity Foundation (A company limited by guarantee)**
**Notes to the financial statements for the period ended 31 March 2022**
## **2. Accounting policies (continued)**
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.6 Foreign currencies**
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Statement of financial activities.
## **2.7 Tangible fixed assets and depreciation**
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
Motor vehicles - 33% straight line Furniture, fittings and equipment- 33% straight line
## **2.8 Investments**
Investments in subsidiaries are valued at cost less provision for impairment.
## **2.9 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.10 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 10
**The Global Diversity Foundation (A company limited by guarantee)**
**Notes to the financial statements for the period ended 31 March 2022**
## **2. Accounting policies (continued)**
## **2.11 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.12 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **2.13 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 11
**The Global Diversity Foundation (A company limited by guarantee)**
## **Notes to the financial statements for the period ended 31 March 2022**
## **3. Income from donations and legacies**
|Donations
Grants
Government grants
Total 2021
**Income from charitable activities**
Registration fees
Consultancy fees
Total 2021|**Restricted**
**funds**
**Period**
**ended**
**31 March**
**2022**
**Unrestricted**
**funds**
**Period**
**ended**
**31 March**
**2022**
**£**
**£**
1,009
4,163
523,144
2,370
71,738
-
595,891
6,533
662,145
130
**Restricted**
**funds**
**Period**
**ended**
**31 March**
**2022**
**£**
862
-
862
35,340|**Total**
**funds**
**Period**
**ended**
**31 March**
**2022**
**£**
**5,172**
**525,514**
**71,738**
**602,424**
662,275
**Total**
**funds**
**Period**
**ended**
**31 March**
**2022**
**£**
**862**
**-**
**862**
35,340|Total
funds
Year ended
30
September
2021
£
11,160
508,334
142,781
662,275|
|---|---|---|---|
||||Total
funds
Year ended
30
September
2021
£
-
35,340
35,340|
|||||
## **4. Income from charitable activities**
Page 12
**The Global Diversity Foundation (A company limited by guarantee)**
## **Notes to the financial statements for the period ended 31 March 2022**
## **5. Investment income**
|Interest received
Total 2021
**Other incoming resources**
Compensation income
Total 2021|**Unrestricted**
**funds**
**Period**
**ended**
**31 March**
**2022**
**£**
150
3
**Unrestricted**
**funds**
**Period**
**ended**
**31 March**
**2022**
**£**
200
1,095|**Total**
**funds**
**Period**
**ended**
**31 March**
**2022**
**£**
**150**
3
**Total**
**funds**
**Period**
**ended**
**31 March**
**2022**
**£**
**200**
1,095|Total
funds
Year ended
30
September
2021
£
3|
|---|---|---|---|
||||Total
funds
Year ended
30
September
2021
£
1,095|
|||||
## **6. Other incoming resources**
Page 13
**The Global Diversity Foundation (A company limited by guarantee)**
## **Notes to the financial statements for the period ended 31 March 2022**
## **7. Charitable activities**
|Project costs (including project related
stipends and travel)
Administration costs
Website maintenance
Bank charges
Staff wages
Employer's national insurance
Employer's pension contributions
Loss / (Gain) on foreign exchange
Depreciation
Audit and accountancy
Advertising
Team building and training
Total 2021|**Restricted**
**funds**
**Period**
**ended**
**31 March**
**2022**
**Unrestricted**
**funds**
**Period**
**ended**
**31 March**
**2022**
**£**
**£**
302,265
5,419
1,330
757
6,043
104
501
1,166
44,653
537
4,147
-
863
-
-
(4,071)
-
3,559
6,060
-
-
-
-
4,316
365,862
11,787
588,785
38,344|**Total**
**funds**
**Period**
**ended**
**31 March**
**2022**
**£**
**307,684**
**2,087**
**6,147**
**1,667**
**45,190**
**4,147**
**863**
**(4,071)**
**3,559**
**6,060**
**-**
**4,316**
**377,649**
627,129|Total
funds
Year ended
30
September
2021
£
569,330
9,105
8,892
3,665
69,855
4,387
1,619
33,904
5,337
3,661
2,417
-
712,172|
|---|---|---|---|
|||||
## **8. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**Period**
**ended**
**31 March**
**2022**
**£**
**45,190**
**4,147**
**863**
**50,200**|Year ended
30
September
2021
£
69,855
4,387
1,619|
|---|---|---|
|||75,861|
Page 14
**The Global Diversity Foundation (A company limited by guarantee)**
## **Notes to the financial statements for the period ended 31 March 2022**
## **8. Staff costs (continued)**
The average number of persons employed by the Company during the period was as follows:
|||**Period**|Year ended|
|---|---|---|---|
|||**ended**|30|
||**31**|**March**|September|
|||**2022**|2021|
|||**No.**|No.|
|Employees||**4**|3|
No employee received remuneration amounting to more than £60,000 in either period.
## **9. Trustees' remuneration and expenses**
During the period, no Trustees received any remuneration or other benefits (2021 - £NIL).
During the period ended 31 March 2022, no Trustee expenses have been incurred (2021 - £NIL).
## **10. Tangible fixed assets**
|**Cost or valuation**
At 1 October 2021
At 31 March 2022
**Depreciation**
At 1 October 2021
Charge for the period
At 31 March 2022
**Net book value**
At 31 March 2022
At 30 September 2021|**Motor**
**vehicles**
**£**
**16,012**
**16,012**
**5,337**
**3,559**
**8,896**
**7,116**
10,675|**Office**
**equipment**
**£**
**9,282**
**9,282**
**9,282**
**-**
**9,282**
**-**
-|**Total**
**£**
**25,294**
**25,294**|
|---|---|---|---|
||||**14,619**
**3,559**
**18,178**|
||||**7,116**|
||||10,675|
Page 15
**The Global Diversity Foundation (A company limited by guarantee)**
**Notes to the financial statements for the period ended 31 March 2022**
## **11. Fixed asset investments**
|At 1 October 2021
Disposals
At 31 March 2022
**Investments at cost comprise:**
Group
All the fixed asset investments were held in the UK.
**Debtors**
Other debtors
Prepayments and accrued income|**31 March**
**2022**
**£**
**-**
**31 March**
**2022**
**£**
**269,859**
**36,252**
**306,111**|**Investments**
**in**
**subsidiary**
**companies**
**£**
**1**
**(1)**
**-**
30
September
2021
£
1
30
September
2021
£
144,918
230,941
375,859|
|---|---|---|
## **12. Debtors**
Page 16
**The Global Diversity Foundation (A company limited by guarantee)**
**Notes to the financial statements for the period ended 31 March 2022**
## **13. Creditors: Amounts falling due within one year**
|Trade creditors
Amounts owed to group undertakings
Other taxation and social security
Other creditors
Accruals and deferred income|**31 March**
**2022**
**£**
**15,190**
**-**
**1,886**
**88,078**
**11,765**
**116,919**|30
September
2021
£
21,815
1
1,749
141,508
11,461|
|---|---|---|
|||176,534|
Page 17
**The Global Diversity Foundation (A company limited by guarantee)**
## **Notes to the financial statements for the period ended 31 March 2022**
## **14. Statement of funds**
## **Statement of funds - current period**
|**Unrestricted funds**
General Funds
**Restricted funds**
GEN/GESA Fund
MAVA Cultural Landscapes
Fund
Darwin IV Morocco Fund
Darwin UCL Fund
**Total of funds**|**Balance at 1**
**October**
**2021**
**£**
**79,315**
**71,925**
**119,261**
**(431)**
**3,694**
**194,449**
**273,764**|**Income**
**£**
**6,883**
**123,280**
**374,233**
**93,290**
**5,950**
**596,753**
**603,636**|**Expenditure**
**£**
**(11,787)**
**(56,546)**
**(206,813)**
**(92,859)**
**(9,644)**
**(365,862)**
**(377,649)**|**Gains/**
**(Losses)**
**£**
**(1)**
**-**
**-**
**-**
**-**
**-**
**(1)**|**Balance at**
**31 March**
**2022**
**£**
**74,410**|
|---|---|---|---|---|---|
||||||**138,659**
**286,681**
**-**
**-**
**425,340**|
||||||**499,750**|
Page 18
**The Global Diversity Foundation (A company limited by guarantee)**
**Notes to the financial statements for the period ended 31 March 2022**
## **14. Statement of funds (continued)**
The GEN/GESA Fund is set up with support from the Salvia Foundation, GlobalGiving donations and participant fees to fund events, initiatives and management of the Global Environments Network, including summer and regional academies, community exchanges, online events, toolkits and GEN Alumni projects.
The MAVA Cultural Landscapes Fund (2020 - 2022) is funded by the MAVA Foundation to support biodiversity conservation actions, research on sustainable land use practices, and livelihoods among Amazigh indigenous people in the High Atlas Mountains of Southern Morocco. It includes MAVA Foundation funds granted to carry out collaborative activities with regional partners on communications and biodiversity monitoring under the MAVA M6 partnership for Mediterranean Cultural Landscapes. It also includes funds from the MAVA Foundation to support GDF fundraising, organisational development and dissemination efforts.
The Open Society Foundation Fund project (2019 - 2021) supports Moroccan farmers and communities to engage in sustainable agriculture and sustainable seed systems, and to understand and engage in national policy frameworks supporting agriculture in Morocco. It also helps build the capacities and institution of a Moroccan biodiversity and livelihoods NGO.
The Darwin IV Morocco Fund project (2020 - 2023) from the Department for Environment Food & Rural Affairs is for conserving High Atlas agrobiodiversity for improved livelihoods in the High Atlas rural communes of Ait M'hamed, Imegdal and Oukaimeden. It includes agrobiodiversity assessment and exsitu conservation; on-farm, in-situ selection and cultivation of promising crop varieties; knowledge exchange, seed sharing, product innovation and commercialisation; and national policy support. The deficit on this fund will be covered by future funding.
The Darwin Covid Response Fund is to support rural cooperatives and enterprises in the High Atlas to commercialise their cosmetic, craft and culinary goods through COVID-adapted online approaches that shorten market chains and favour local direct sales.
The Darwin UCL Fund is to support a member of our local partner MBLA to carry out a fellowship at UCL on the topic of ethnopharmacological concepts and techniques, applied to a vulnerable Endemic High Atlas medicinal plant (Anacyclus pyrethrum) and to help him gain an understanding of how to improve indigenous participation in the CBD's ABS mechanisms, applicable to Morocco.
Page 19
**The Global Diversity Foundation (A company limited by guarantee)**
**Notes to the financial statements for the period ended 31 March 2022**
## **14. Statement of funds (continued)**
## **Statement of funds - prior period**
|**Unrestricted funds**
General Funds
**Restricted funds**
GEN/GESA Fund
MAVA Cultural Landscapes Fund
Open Society Foundations Fund
Darwin IV Morocco Fund
Darwin Covid Response Fund
Darwin UCL Fund
**Total of funds**|Balance at
1 October
2020
£
78,900
74,993
91,245
25,767
16,318
-
-
208,323
287,223|Income
£
1,228
91,121
432,831
2,181
109,227
51,875
10,250
697,485
698,713|Expenditure
£
(813)
(94,189)
(404,815)
(27,948)
(125,976)
(51,875)
(6,556)
(711,359)
(712,172)|Balance at
30
September
2021
£
79,315
71,925
119,261
-
(431)
-
3,694
194,449
273,764|
|---|---|---|---|---|
Page 20
**The Global Diversity Foundation (A company limited by guarantee)**
## **Notes to the financial statements for the period ended 31 March 2022**
## **15. Summary of funds**
## **Summary of funds - current period**
||**Balance at 1**|**Balance at 1**||||||||**Balance at**|
|---|---|---|---|---|---|---|---|---|---|---|
||**October**|||||||**Gains/**||**31 March**|
||**2021**||**Income**||**Expenditure**|||**(Losses)**||**2022**|
||**£**||**£**|||**£**||**£**||**£**|
|General funds|**79,315**||**6,883**|||**(11,787)**||**(1)**||**74,410**|
|Restricted funds|**194,449**||**596,753**|||**(365,862)**||**-**||**425,340**|
||**273,764**||**603,636**|||**(377,649)**||**(1)**||**499,750**|
||||||||||||
|**Summary of funds - prior period**|||||||||||
|||||||||||Balance at|
||||Balance at|||||||30|
||||1 October|||||||September|
||||2020|||Income||Expenditure||2021|
||||£|||£||£||£|
|General funds|||78,900|||1,228||(813)||79,315|
|Restricted funds|||208,323|||697,485||(711,359)||194,449|
||||287,223|||698,713||(712,172)||273,764|
||||||||||||
## **16. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**31 March**
**2022**
**Unrestricted**
**funds**
**31 March**
**2022**
**£**
**£**
-
7,116
542,259
67,294
(116,919)
-
425,340
74,410|**Total**
**funds**
**31 March**
**2022**
**£**
**7,116**
**609,553**
**(116,919)**
**499,750**|
|---|---|---|
Page 21
**The Global Diversity Foundation (A company limited by guarantee)**
## **Notes to the financial statements for the period ended 31 March 2022**
## **16. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior period**
|Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
**Total**|Restricted
funds
30
September
2021
£
-
-
370,983
(176,534)
194,449|Unrestricted
funds
30
September
2021
£
10,675
1
68,639
-
79,315|Total
funds
30
September
2021
£
10,675
1
439,622
(176,534)
273,764|
|---|---|---|---|
|**17.**
**Reconciliation of net movement in funds to net cash flow from operating activities**
**Period**
**ended**
**31 March**
**2022**
**£**
Net income/expenditure for the period (as per Statement of Financial
Activities)
**225,986**
**Adjustments for:**
Depreciation charges
**3,559**
Losses on investments
**1**
(Increase)/decrease in debtors
**69,748**
(Decrease)/increase in creditors
**(59,615)**
**Net cash provided by/(used in) operating activities**
**239,679**
**18.**
**Analysis of cash and cash equivalents**
**31 March**
**2022**
**£**
Cash in hand
**303,442**
**Total cash and cash equivalents**
**303,442**|Year ended
30
September
2021
£
(13,459)
5,337
-
(243,389)
153,968
(97,543)
30
September
2021
£
63,763
63,763|
|---|---|
Page 22
**The Global Diversity Foundation (A company limited by guarantee)**
## **Notes to the financial statements for the period ended 31 March 2022**
## **19. Analysis of changes in net debt**
|Cash at bank and in hand|**At 1**
**October**
**2021**
**£**
**63,763**
**63,763**|**Cash flows**
**£**
**239,679**
**239,679**|**At 31 March**
**2022**
**£**
**303,442**
**303,442**|
|---|---|---|---|
## **20. Related party transactions**
The company owed Diversity Excursions Limited, its subsidiary undertaking, £nil (2021 - £1) at the end of the period.
There were no other related party transactions during the period (2021 - None).
Page 23
**The Global Diversity Foundation (A company limited by guarantee)**
## **Notes to the financial statements for the period ended 31 March 2022**
## **21. Diversity Excursions Limited**
Diversity Excursions Limited (DEL) was the wholly-owned subsidiary of the company. The accounts of DEL have not been consolidated with the results of the company as the gross income of the group is below the threshold under the Charities Act 2011. A summary of DEL's transactions and financial position, extracted from the latest available accounts is set out below. During the year ended 31 August 2021 the company was dormant.
The company (DEL) was dissolved on 1 February 2022.
## **Profit and loss account**
||**Year ended**
**31 August**
**2021**|Year ended
31 August
2020|
|---|---|---|
||**£**|£|
|Turnover|**-**|-|
|Administrative expenses|**-**|-|
|Other operating charges|**-**|-|
|Operating profit/(loss)|**-**|-|
|Interest receivable|**-**|-|
|Tax|**-**|-|
||||
||**-**|-|
|**Balance sheet**
Current assets
Cash at bank
Creditors
**Capital and reserves**
Called up share capital
Profit and loss account|**31 March**
**31 August**
**2021**
**£**
**2**
**-**
**-**
**2**
**1**
**1**
**2**|30
September
31 August
2020
£
2
-
-
2
1
1
2|
Page 24