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2024-03-31-accounts

THE GLOBAL DIVERSITY FOUNDATION (Company limited by guarantee no. 03830136 registered charity no. 1080731)

REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

THE GLOBAL DIVERSITY FOUNDATION

(Company limited by guarantee no. 03830136, registered charity no. 1080731)

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024

CONTENTS
Page
Legal and administrative information 3
Board of Trustees's report 4
Auditors' report 10
Statement of financial activities 13
Balance sheet 14
Cash flow statement 15
Notes to the financial statements 16

2

THE GLOBAL DIVERSITY FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS For the year ended 31 March 2024

Board of Trustees Professor Yadvinder Malhi CBE, FRS (Chair) Professor Yadvinder Malhi CBE, FRS (Chair)
Dr Sarah-Lan Mathez-Stiefel
Dr Howard Nelson (resigned 19 Dec 2024)
Dr Wolde G Tadesse
Dr Sarah-Lan Mathez-Stiefel
Dr Janelle Marie Baker (appointed 23 Oct 2024)
Dr Rachel Carmenta (appointed 23 Oct 2024)
Dr Hussein Adan Isack (appointed 23 Oct 2024)
Company Secretary Vanessa Reid
Company reg. no. 03830136
Charity reg. no. 1080731
Registered office Att: KC
5th Floor, 65 Leadenhall Street
London EC3A 2AD
Auditors Knox Cropper
8/9 Well Court
London
EC4M 9DN
Bankers National Westminster Bank plc
11 The Parade
Canterbury
Kent
CT1 2SQ

3

THE GLOBAL DIVERSITY FOUNDATION

TRUSTEES’ ANNUAL REPORT For the year ended 31 March 2024

The Trustees present the Annual Report alongside the charity’s financial statements for the year from 1 April 2023 to 31 March 2024. They confirm that both the report and the financial statements comply with current statutory requirements, the charity’s governing document, and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing accounts in accordance with the Financial Reporting Standard (FRS 102), as updated by Update Bulletin 1.

Policies and objectives

The charity’s objectives, as outlined in its governing document, are:

  1. To promote the conservation, management, and development of the natural environment, agricultural and biological diversity, and cultural heritage, through applied scientific methods in anthropology, ecology, ethnobiology, and biology for public benefit.

  2. To advance the education of the public and promote research in ethnobiology, biological conservation, and cultural continuity, making the findings of such research publicly accessible.

  3. To relieve hardship in local communities through projects focused on ethnobiology, biological conservation, and cultural continuity management and development.

To achieve these objectives, the charity implements a variety of activities, including applied research, community projects, and international training initiatives. The charity also undertakes programmes and projects focused on biocultural diversity. The charity's activities, including the earthquake relief work in the High Atlas, were undertaken to further its objectives and benefit the public. The charity ensures that its activities align with public benefit principles and complies with the public benefit guidance from the Charity Commission, as required under section 17 of the Charities Act 2011.

Achievements and Performance

The charity has implemented several key programmes to further its mission of promoting biodiversity, cultural landscapes, and rural economic development. The High Atlas Cultural Landscapes (HACL) and Global Environments Network (GEN) programmes have been established to address the specific environmental and socio-economic challenges faced by local communities, with a clear focus on preserving biodiversity, promoting sustainable livelihoods, and fostering cultural resilience. These initiatives align with charity’s mission to empower communities through capacity-building and long-term environmental stewardship, ensuring that local populations benefit from both ecological restoration and enhanced economic opportunities in the context of global sustainability.

HACL Programme:

The HACL programme focuses on biocultural conservation in the High Atlas Mountains, merging traditional knowledge with scientific expertise. The initiative supports sustainable landscape management, benefiting both nature and local communities. It emphasizes the preservation of indigenous practices, particularly in agriculture, animal husbandry, and food systems, alongside promoting local products through cooperatives. The programme also fosters resilience in communities by incorporating biodiversity conservation into economic and cultural activities, ensuring long-term sustainability. Following activities were undertaken in this reporting year under the programme:

4

THE GLOBAL DIVERSITY FOUNDATION

TRUSTEES’ ANNUAL REPORT For the year ended 31 March 2024

preservation. Follow-up assessments, including soil fertility tests, indicated positive results in agricultural yield improvement, showing progress towards ecological restoration objectives.

GEN Programme:

With over 600 members from diverse sectors, GEN connects individuals and organizations working towards positive, sustainable solutions at the intersection of environmental conservation, community development, and cultural preservation. The network offers tailored support, including mentorship, project incubation, and access to global resources and partnerships. GEN’s approach fosters collaboration and strengthens the impact of its members through events, workshops, and a series of annual programs that deepen connections and amplify collective advocacy. Through this collaborative network, GEN enables the scaling of local solutions into global movements, helping changemakers navigate complex challenges with innovation and resilience. Following activities were undertaken in this reporting year under the programme:

5

THE GLOBAL DIVERSITY FOUNDATION

TRUSTEES’ ANNUAL REPORT For the year ended 31 March 2024

programme's goal of fostering cross-community collaboration and shared approaches to addressing environmental challenges.

Fundraising Performance

In response to the September 8th earthquake in the High Atlas region, GDF redirected its efforts to support relief and recovery efforts for the communities in the High Atlas with whom they have been working with since a decade. Approximately €1 million was raised for this cause, with Defra contributing £450,000 for specific relief activities. This funding ensures the continued implementation of the Darwin Extra grant, with minimal disruption.

In addition, Naia Trust grant of CHF 140,000, allocated across two years—CHF 70,000 for both 2023 and 2024. This unrestricted grant supports GEN activities, and Ground Effect will review the potential for continued support in 2026 and beyond. They are also holding bi-monthly check-in calls for exploring nonfinancial support such as introductions to next-generation philanthropists and team training sessions.

Savitri Trust has committed an annual unrestricted grant of £10,000, supporting GEN activities, including bursaries for GESA cohort members and Conservation and Communities Fellowship recipients from the Global South. Further, Savitri Trust allocated an annual unrestricted grant of £10,000, supporting GEN activities, including bursaries for GESA cohort members and Conservation and Communities Fellowship recipients from the Global South.

Additionally, GDF was invited to submit a proposal for £60,000.

6

THE GLOBAL DIVERSITY FOUNDATION

TRUSTEES’ ANNUAL REPORT For the year ended 31 March 2024

Factors Affecting Achievement

While progress was made, external factors such as the September 8 earthquake impacted local communities, necessitating an immediate response. The strength of GDF’s local partnerships, enabled a rapid mobilization of resources to support the affected communities.

Operational challenges, including logistical issues and staff transitions, highlighted the need for a flexible, resilient operational model. These challenges will inform future plans, ensuring GDF remains adaptable to changing circumstances.

Lessons Learned and Future Directions

During the reporting period, several important lessons were learned that will inform GDF’s future work. One key takeaway was the significance of long-term relationships with community collaborators. These connections were crucial during the earthquake, ensuring timely and effective support in a challenging humanitarian context.

Additionally, GDF recognised the value of coalition-building with other organisations. When state-led efforts were lacking, GDF initiated and participated in coordination meetings with other local and international actors, strengthening the collective response. This also highlighted the organisation’s role within the recovery process, as seen in consultations with multiple partners and local authorities.

An important lesson was the identification of a gap in post-earthquake livelihood support, which will be prioritised in future programmes. Alongside this, GDF has introduced and refined systems for addressing challenges related to human resources and accountability. This includes measures to improve internal processes, which were key to strengthening collaboration within the team.

The challenges of the reporting period, particularly in light of the earthquake, also emphasised the need to prioritise team well-being and resilience. In response, GDF focused on enhancing its team dynamics, ensuring that the organisational culture adapted to ongoing challenges.

These experiences have provided a clearer direction for future efforts, allowing GDF to refine its systems, improve its collaborative approaches, and continue delivering on its mission in an evolving context.

Financial Review

In the financial year, the charity’s incoming resources totalled £1,116,834, of which £1,109,593 was restricted income. Total expenditure amounted to £1,051,574, with £1,035,103 spent on restricted activities, resulting in an overall net surplus of £65,260. Total funds carried forward at year end were £700.274, comprising £543,351 in restricted funds and £156,924 in unrestricted funds.

This year saw a notable increase in income, with over £0.5m raised through an emergency appeal following the devastating September 2023 earthquake in Marrakech and the High Atlas. With over a decade of experience supporting the resilience of traditional livelihoods in the High Atlas, the charity was uniquely positioned to provide an effective response. Leveraging longstanding ties with local communities, the charity allocated funds to immediate relief efforts, including medical aid, food, water, and shelter, while also focusing on long-term recovery. These efforts include rebuilding homes with earthquake-resistant techniques and restoring traditional livelihoods, ensuring a holistic and sustainable response to the crisis.

Reserves Policy

The Trustees have set a reserves policy aiming to maintain unrestricted reserves equivalent to approximately two months of annual income, primarily covering three months of core team wages, ongoing commitments,

7

THE GLOBAL DIVERSITY FOUNDATION

TRUSTEES’ ANNUAL REPORT For the year ended 31 March 2024

and closure costs. This target equates to £186,139. At the end of the financial period, the general unrestricted reserves were 16% below the target at £156,924.

This shortfall resulted from a strategic decision to use reserves to bridge immediate funding gaps for a comprehensive response to the earthquake while awaiting the realisation of pledged funds. Additionally, the charity held restricted reserves of £543,351 as of 31 March 2024.

As at the date of approving this report, there are no uncertainties regarding the charity’s ability to continue as a going concern. The trustees confirm that the charity remains in a strong financial position to continue its operations. There are no funds that are materially in deficit.

Structure, Governance, and Management

The charity is a company limited by guarantee, registered under charity number 1080731. It was established through a Memorandum of Association, which outlines its structure and governance.

The charity is governed by a Board of Trustees responsible for setting the strategic direction and ensuring accountability. Trustees are appointed by the Board. Operational governance is managed by the charity’s management team, including the Director, Head of Finance, Operations Lead, Programme Manager, and two Programme Leads. This team is responsible for the day-to-day oversight of activities, financial management, legal compliance, and programme implementation, in close collaboration with the Board of Trustees. The Board of Trustees and the management team meets quarterly to review finances, HR & operations, programmatic updates and any other business.

In the past year, significant efforts were made to enhance the organisation’s internal structure and capacity. New roles were introduced, and several policies were updated or newly implemented to strengthen the operational framework. These included the Safeguarding Policy, Recruitment and Selection Policy, Data Protection Policy, Whistleblower Policy, Complaints Policy, Grievance Procedure, Anti-Bullying and Harassment Policy, and Anti-Corruption and Bribery Policy.

In response to the earthquake, we also recognised that some team members were thrust into emergency relief efforts without formal training. As part of our commitment to safeguarding, we published our Safeguarding in Emergencies Guidelines, ensuring that safeguarding practices were central to our relief efforts, drawing from best practices in emergency relief from other NGOs.

Risk Management

The charity conducts a review of key risks facing its programmes and operations every six months, guided by a detailed risk register. This register is updated regularly to account for both internal and external changes, ensuring it remains relevant and effective in supporting the foundation’s objectives.

To address potential risks, systems and procedures have been formed to help mitigate them. For instance, the need to diversify funding sources has been recognised to reduce financial instability, and the development of new partnerships and revenue streams has been prioritised to enhance financial resilience.

Internal controls have been established to ensure that all transactions and project activities are reviewed and approved in a structured, transparent manner.

Additionally, procedures are in place to safeguard the health and safety of all staff, participants, and partners. Regular evaluations of these procedures are carried out to ensure they meet operational and legal standards, ensuring continued alignment with best practices.

8

THE GLOBAL DIVERSITY FOUNDATION

TRUSTEES’ ANNUAL REPORT For the year ended 31 March 2024

Statement of Trustees’ Responsibilities

The trustees (who are also directors of the Global Diversity Foundation 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 trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions.

The Trustees’ report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

This report was approved by the Board on 29 January 2025 and signed on its behalf by:

Yadvinder Malhi

Trustee

9

INDEPENDENT AUDITOR’S REPORT

TO THE MEMBERS OF GLOBAL DIVERSITY FOUNDATION

Opinion

We have audited the financial statements of Global Diversity Foundation (the ‘charitable company’) for the year ended 31 March 2024 which comprise Statement of Financial Activities (including the income and expenditure account), Balance sheet, Statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Annual Report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

10

INDEPENDENT AUDITOR’S REPORT

TO THE MEMBERS OF GLOBAL DIVERSITY FOUNDATION

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion :

Responsibilities of Trustees

As explained more fully in the Trustees’ responsibilities statement set out on page 17 the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

11

INDEPENDENT AUDITOR’S REPORT

TO THE MEMBERS OF GLOBAL DIVERSITY FOUNDATION

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Shoaib Arshad Senior Statutory Auditor For and on behalf of

Knox Cropper LLP 65 Leadenhall Street London EC3A 2AD

12

THE GLOBAL DIVERSITY FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES (incorporating the Income and Expenditure Account) For the year ended 31 March 2024

Unrestricted
Funds
Note
2024
£
INCOME AND ENDOWMENTS FROM:
Donations and legacies
2
941
Charitable activities
3
221
Investments
4
6,080
TOTAL
7,242
EXPENDITURE ON:
Raising funds
Charitable activities
16,471
TOTAL EXPENDITURE
7
16,471
(9,229)
Transfer between funds
-
NET MOVEMENT IN FUNDS
(9,229)
RECONCILIATION OF FUNDS:
TOTAL FUNDS AT 01 APRIL 2023
166,153
TOTAL FUNDS AT 31 MARCH 2024
156,924
£
Net income		 Restricted
Funds
2024
£
1,109,593
-
-
1,109,593
1,035,103
1,035,103
74,490
-
74,490
468,861
543,351
**£ **		 Total
Total
Funds
Funds
2024
2023
(Restated)
£
£
1,110,533
929,216
221
8,866
6,080
840
1,116,834
938,922
1,051,574
803,658
1,051,574
803,658
65,260
135,264
-
-
65,260
135,264
635,014
499,750
700,274
£
635,014
_£ _

All transactions are derived from continuing activities.

All recognised gains and losses are included in the Statement of Financial Activities.

The annexed notes form part of these financial statements

13

THE GLOBAL DIVERSITY FOUNDATION

Company limited by guarantee (registered company no. 03830136)

BALANCE SHEET As at 31 March 2024

Notes Charity Charity
2024 2023
£ £
FIXED ASSETS
Tangible assets 14 939 1,779
939 1,779
CURRENT ASSETS
Debtors 15 298,447 126,687
Cash at bank and in hand 728,191 668,627
1,026,638 795,314
CREDITORS: amounts falling due within one year 16 (327,303) (162,079)
NET CURRENT ASSETS 699,335 633,235
TOTAL NET ASSETS **£ ** 700,274 _£ _ 635,014
FUNDS 17
Unrestricted funds:
Fixed Assets Fund 939 1,779
General fund 155,984 164,374
156,924 166,153
Restricted funds 543,351 468,861
**£ ** 700,274 _£ _ 635,014

The financial statements have been prepared in accordance with 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 2015) – (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

These accounts are prepared in accordance with special provisions of Part 15 of the Companies Act 2006.

They were approved, and authorised for issue, by the Board of Trustees on 29th January 2025 and signed on their behalf by:

Yadvinder Malhi

Trustee

The annexed notes form part of these financial statements

14

THE GLOBAL DIVERSITY FOUNDATION

CASH FLOW STATEMENT As at 31 March 2024

Cash flows from operating activities
Surplus for the financial year
Adjustments for:
Depreciation
Decrease/ (increase) in debtors
Increase /(decrease) in creditors
Investment income
Cash flows from investing activities
Purchase of tangible fixed assets
Net increase in cash and cash equivalents
Cash and cash equivalents at 01 April 2023
Components of cash and cash equivalents
Cash at bank and in hand
Major non-cash transactions
Cash and cash equivalents at 31 March 2024		 2024
£
59,180
2,088
(171,760)
165,224
6,080
60,812
(1,248)
(1,248)
59,564
668,627
728,191
£
728,191
728,191
Nil
£		 2023
£
134,424
5,337
179,424
45,160
840
365,185
-
-
365,185
303,442
668,627
£
668,627
668,627
Nil
£

15

THE GLOBAL DIVERSITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS As at 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparation of financial statements

The financial statements of the charity, which is a public benefit entity under FRS102, have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets. They have been prepared in accordance with applicable United Kingdom accounting standards, the requirements of the Statement of Recommended Practice 'Accounting and Reporting by Charities' (SORP 2019), in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) applicable to smaller entities (under section1a) and the Charities Act 2011/Companies Act 2006.

The Trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern. In preparing the accounts, no restatement was required in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objects of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of 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. Statutory grants which are given as contributions towards the Charity's core services are treated as unrestricted.

Incoming resources

Revenue grants are credited to incoming resources on the earlier date of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are deferred. All other incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Investment Income is recognised on an accruals basis.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the Charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Donated services are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.

Income tax recoverable in relation to investment income or Gift Aid donations is recognised at the time the relevant income is receivable.

Other income is included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

16

THE GLOBAL DIVERSITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS As at 31 March 2024

Resources Expended

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Support costs, including governance costs, which cannot be directly attributed to particular activities, have been apportioned proportionately to the direct staff costs allocated to the activities. Governance costs include the costs of servicing Trustees' meetings, audit and strategic planning.

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Value Added Tax

The Charity is not registered for VAT and accordingly, where applicable, all costs and expenditure incurred are inclusive of VAT.

Tangible fixed assets and depreciation

All assets costing more than £1,000 are capitalised.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles - 33% straight line - Furniture, fittings and equipment 33% straight line

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash 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.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Pensions

The charity is part of a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

Judgements and key sources of estimation uncertainty

Judgements and key sources of estimation uncertainty are detailed in the above accounting policies, where applicable.

17

THE GLOBAL DIVERSITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS As at 31 March 2024

2. DONATIONS AND LEGACIES

Donations
Grants
Government grants
Donations
Grants
Government grants		 Unrestricted
Funds
2024
£
941
-
-
941
£
Unrestricted
Funds
2023
£
7,992
38,878
-
46,870
_£ _		 Restricted
Funds
2024
£
129,724
541,741
438,128
1,109,593
£
Restricted
Funds
2023
(Restated)
£
500
569,026
312,820
882,346
_£ _		 Total
Funds
2024
£
130,664
541,741
438,128
1,110,533
**£ **		 Total
Funds
2023
(Restated)
£
8,492
607,904
312,820
929,216
_£ _
Total
Funds
2023
(Restated)
£
8,492
607,904
312,820
929,216
_£ _

3. INCOME FROM CHARITABLE ACTIVITIES

Event income
Event income
INVESTMENT INCOME
Interest receivable from:
Bank interest
Interest receivable from:
Bank interest		 Unrestricted
Funds
2024
£
221
221
£
Unrestricted
Funds
2023
£
Nil
£
Unrestricted
Funds
2024
£
6,080
6,080
£
Unrestricted
Funds
2023
£
840
840
_£ _		 Restricted
Funds
2024
£
-
Nil
£
Restricted
Funds
2023
(Restated)
£
8,866
8,866
£
Restricted
Funds
2024
£
-
Nil
£
Restricted
Funds
2023
£
Nil
£		 Total
Funds
2024
£
221
221
£
Total
Funds
2024
£
6,080
6,080
**£ **		 Total
Funds
2023
(Restated)
£
8,866
8,866
_£ _
Total
Funds
2023
(Restated)
£
8,866
8,866
_£ _
Total
Funds
2023
£
840
840
_£ _
Total
Funds
2023
£
840
840
_£ _

4. INVESTMENT INCOME

18

THE GLOBAL DIVERSITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS As at 31 March 2024

6. GRANTS PAYABLE TO INDIVIDUALS

GRANTS PAYABLE TO INDIVIDUALS
GEN Seed Grants
Internship Grants		 2024
No.
2		 2024
£
2,970		 2023
No.
3
13		 2023
£
7,514
5,058
2 2,970
**£ **		 16 12,572
_£ _
7.
RESOURCES EXPENDED
Cost of charitable
activities
Project & Incubation
Research & Practice
Community &
Collaborations
Events
Mentoring
Total charitable expenditure
Cost of charitable
activities
Project & Incubation
Research & Practice
Community &
Collaborations
Events
Mentoring
Total charitable expenditure
Resources expended include:
Auditors’ remuneration:
Audit fee
Other services
Depreciation
- on owned assets		 Staff costs
£
20,786
18,128
18,128
16,799
19,649		 Other direct
costs
£
217,773
137,847
212,944
113,055
182,583		 Support
costs
£
18,891
17,743
21,715
18,366
17,169		 Total 2024
£
257,450
173,717
252,786
148,220
219,401		 Total 2023
£
226,204
149,648
120,721
101,348
205,736
93,489
**£ **		 864,202
**£ **		 93,884
**£ **		 1,051,574
**£ **		 803,658
_£ _
Staff costs
£
18,738
16,995
15,857
15,516
26,805		 Other direct
costs
£
206,030
136,470
110,334
91,587
182,145		 Support
costs
£
1,435
(3,817)
(5,470)
(5,756)
(3,214)		 2024
£
9,000
6,270
2,088		 Total 2023
£
226,204
149,648
120,721
101,348
205,736
93,911
_£ _		 726,567
_£ _		 (16,821)
£		 803,658
_£ _
2023
£
-
6,440
5,337

19

THE GLOBAL DIVERSITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS As at 31 March 2024

8.
GRANTS PAYABLES
GEN Seed Grants
9.
SUPPORT COSTS
Marketing & Publicity
Bank charges
Memberships & Subscriptions
IT costs
Recruitment fees
Printing & Stationery costs
Depreciation charge for the year
Team welfare
Exchange gain or loss
Governance costs
10. GOVERNANCE COSTS
Auditors remuneration
Other fees payable to auditors
Legal and professional fees
Meeting expenses
Office insurance
11. STAFF NUMBERS AND COSTS
Wages and salaries
Social security costs
Pension costs
The average weekly number of employees, calculated as full time
equivalents, during the period was:		 2024
£
-		 2023
£
12,000
Nil
£		 12,000
_£ _
Total
2024
£
707
9,515
3,958
4,912
521
749
2,088
551
45,005
25,878		 Total
2023
£
6,739
1,391
2,494
6,097
-
-
7,116
586
(54,028)
12,783
93,884
**£ **		 (16,821)
£
Total
Funds
2024
£
9,000
6,270
8,915
-
1,693		 Total
Funds
2023
£
-
6,320
3,210
1,917
1,337
25,878
**£ **		 12,783
_£ _
2024
£
87,385
4,531
1,573		 2023
£
88,544
4,369
1,418
93,489
**£ **		 94,331
_£ _
2 3

No employee received remuneration of more than £60,000.

The charity considers that the key management personnel comprise of the trustees, who are not remunerated, and the executive director. The total employee benefits including pension costs of the key management personnel of the charity were £53,747 (2023: £39,816).

The charity had an average of 3 volunteers during the year (2023:3), making a favourable impact across many of our projects.

No employee received redundancy payments during the year (2023: £NIL).

20

THE GLOBAL DIVERSITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS As at 31 March 2024

12. TRUSTEES REMUNERATION AND BENEFITS

No members of the trustees received remuneration for their services during the year (2023 - £Nil). No member of the trustees received expenses reimbursements during the year (2023 - £Nil).

13. Taxation

The Global Diversity Foundation is a registered charity and is potentially exempt from taxation in respect of income and capital gains received within the categories covered by Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied to charitable purposes.

14. TANGIBLE FIXED ASSETS

Cost
At 01 April 2023
Additions
Surplus on revaluation
Disposals
At 31 March 2024
Depreciation
At 01 April 2023
Charge for the year
Surplus on revaluation
On disposals
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
DEBTORS
Charity
Charity
Charity
2024
2024
2024
Due within one year
£
£
£
£
£
£
Trade debtors
£
£
£
Prepayments
£
£
£
Accrued income
£
£
£
Other debtors
£
£
£
£
£
£
£
£
£
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Charity
Charity
Charity
2024
2024
2024
£
£
£
Trade creditors
Other creditors
Social security and other taxes
Deferred income
Accrued expenses
Nil
£
Nil
£
Nil
£		 Motor
vehicles
£
16,012
-
-
-		 Office
equipments
£
9,282
1,248
-
-		 Total
£
25,294
1,248
-
-
16,012 10,530 26,542
14,233
1,779
-
-		 9,282
309
-
-		 23,515
2,088
-
-
16,012 9,591 25,603
Nil
£		 939
**£ **		 939
**£ **
~~1,779~~
~~£ ~~		 ~~Nil~~
~~£~~		 ~~1,779~~
~~£ ~~
Group
Group
Group
Group
Group
Group
Group
Group
Group
Group
Group
Group
Group
Group
Group
Group
Group
Group
Group		 Charity
2024
£
87
11,532
281,809
5,019		 Group
2023
£
-
-
78,205
48,482
298,447
**£ **		 126,687
_£ _
Charity
2024
£
83,175
131,616
944
54,199
57,370		 Group
2023
£
55,499
95,635
1,865
9,080
-
327,303
**£ **		 162,079
_£ _

15. DEBTORS

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

21

THE GLOBAL DIVERSITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS As at 31 March 2024

17. STATEMENT OF FUNDS

UNRESTRICTED FUNDS
General Fund
Fixed Assets Fund
RESTRICTED FUNDS
Darwin Initiative Extra
Fund
Darwin Initiative Capability
& Capacity
GEN/GESA Fund
MAVA Cultural
Landscapes Fund
Hans Wilsdorf Foundation
Fund
ISE Congress 2024
ChanceMaker Foundation
2023 Morocco Earthquake
Fund
SUMMARY OF FUNDS
Fixed Assets Fund
General Funds
Restricted Funds
Comparative statement of funds
UNRESTRICTED FUNDS
General Fund
Fixed Assets Fund
RESTRICTED FUNDS
Darwin IV Morocco Fund
Darwin Initiative Extra
Fund
GEN/GESA Fund
MAVA Cultural
Landscapes Fund
Hans Wilsdorf Foundation
Fund
SUMMARY OF FUNDS
General Fund
Fixed Assets Fund
Restricted Funds		 Brought
Forward
£
164,374
1,779		 Incoming
Resources
£
7,242		 Resources
Expended
£
(15,631)
(840)		 Transfers
£
-
-
-		 Carried
Forward
£
155,984
939
166,153
**£ **		 7,242
**£ **		 (16,471)
£		 Nil
£		 156,924
**£ **
25,375
-
99,167
218,290
126,029
-
-
-
-		 350,578
87,550
80,000
-
128,715
24,398
43,451
394,901
-		 (375,953)
(87,550)
(92,185)
(86,522)
(254,744)
(16,369)
(42,712)
(79,069)
-		 -
-
-
-
-
-
-
-
-		 -
-
86,982
131,768
-
8,029
739
315,832
468,861
**£ **		 1,109,593
**£ **		 1,035,103
**£ **		 543,351
**£ **
1,779
164,374		 -
7,242		 (840)
(15,631)		 -
-		 939
155,984
166,153
468,861
-		 7,242
1,109,593
-		 (16,471)
(1,035,103)
-		 -
-
-		 156,924
543,351
-
635,014
**£ **		 1,116,834
**£ **		 (1,051,574)
£		 Nil
£		 700,274
**£ **
Brought
Forward
£
67,294
7,116
-		 Incoming
Resources
£
47,710
-		 Resources
Expended
£
49,370
(5,337)		 Transfers
£
-
-
-		 Carried
Forward
£
164,374
1,779
74,410
_£ _		 47,710
_£ _		 44,033
_£ _		 Nil
£		 166,153
_£ _
-
-
138,659
286,681
-
-		 123,527
181,268
129,366
331,022
126,029
-		 (123,527)
(155,893)
(168,857)
(399,414)
-
-		 -
-
-
-
-
-		 -
25,375
99,168
218,289
126,029
425,340
_£ _		 891,212
_£ _		 (847,691)
£		 468,861
_£ _
67,294
7,116		 47,710
-		 49,370
(5,337)		 - 164,374
1,779
74,410
425,340
-		 47,710
891,212
-		 44,033
(847,691)
-		 -
-
-		 166,153
468,861
-
499,750
_£ _		 938,922
_£ _		 (803,658)
£		 Nil
£		 635,014
_£ _

22

THE GLOBAL DIVERSITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS As at 31 March 2024

The Darwin Initiative Extra Fund - In April 2022, the charity launched a large 5-year project funded by a UK government Darwin Initiative Extra grant to support the socio-ecological resilience of High Atlas Cultural Landscapes. This programme supports High Atlas communities in Southern Morocco to (a) implement local conservation actions, (b) develop strategies to sustain traditional practices that maintain cultural landscapes and (c) engage in sustainable commercialisation of local products to support their livelihoods, in close collaboration with local cooperatives.

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 Socio-economic viability of High Atlas Cultural Landscapes (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 Hans Wilsdorf Foundation grant (2022-2027) supports GDF through unrestricted funds, directed at supporting the Morocco Programme. The fund principally covers GDF staff salaries and other core costs.

Funding for the ISE Congress 2024 was to support GDF in hosting the 18th International Science Ethnobiology Congress in Marrakech in May 2024. This included all logistical costs related to arranging the conference, such as the venue, food for 400 participants over 4 days, and accommodation and travel bursaries for around 30 participants and ISE board members.

The ChanceMaker Foundation provided funds towards our ongoing work in the High Atlas mountains. This grant supported the curation of two editions of the Harvest Festival and the salaries of the field team working in the HACL programme.

The 2023 Morocco earthquake fund was to address the urgent needs arising from the 2023 earthquake in Morocco. Contributions were directed towards immediate relief efforts and the long-term recovery of affected High Atlas communities. Activities supported by the fund included immediate relief, livelihoods restoration, education initiatives, livestock care, and the restoration of cultural heritage.

The Darwin Initiative Capability & Capacity Development provided funding for the Conservation and Communities Fellowship (CCF), launched in November 2023. This 10-month tailored learning and development programme empowered 31 leaders from Global South grassroots organisations working at the intersection of biodiversity conservation and livelihoods. Thhe CCF enhanced participants' skills, leadership, and networks, enabling equitable access to conservation funding, supporting effective project implementation, and fostering a peer-learning community.

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible fixed assets
Net current assets
Comparative analysis of net assets between funds
Tangible fixed assets
Net current assets		 Unrestricted Funds
Designated
General
Funds
Funds
£
£
939
-
-
155,984
Nil
£
Nil
£
Unrestricted Funds
Designated
General
Funds
Funds
£
£
1,779
-
-
164,374
Nil
£
Nil
£		 Restricted
Funds
£
-
543,351		 Total
Funds
£
939
699,335
Nil
£		 Nil
£		 Nil
£		 700,274
**£ **
Restricted
Funds
£
-
468,861		 Total
Funds
£
1,779
633,235
Nil
£		 Nil
£		 Nil
£		 635,014
_£ _

23

THE GLOBAL DIVERSITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS As at 31 March 2024

19. CAPITAL COMMITMENTS

Amounts contracted for but not provided in the financial statements

2024 2023
£ £
£ Nil
 £ Nil

20. RELATED PARTIES

During the year 2023/24, there were no related party transactions to report

21 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

UnrestrictedUnrestricted
Funds
Funds
2024
2023
£
INCOME AND ENDOWMENTS FROM:
£
Donations and legacies
46,870
Charitable activities
Investments
840
TOTAL
47,710
EXPENDITURE ON:
Raising funds
Charitable activities
(44,033)
TOTAL EXPENDITURE
(44,033)
91,743
Transfer between funds
-
NET MOVEMENT IN FUNDS
91,743
RECONCILIATION OF FUNDS:
TOTAL FUNDS AT 01 APRIL 2022
74,410
TOTAL FUNDS AT 31 MARCH 2023
166,153
£
Net income		 UnrestrictedUnrestricted
Funds
Funds
2024
2023
£
INCOME AND ENDOWMENTS FROM:
£
Donations and legacies
46,870
Charitable activities
Investments
840
TOTAL
47,710
EXPENDITURE ON:
Raising funds
Charitable activities
(44,033)
TOTAL EXPENDITURE
(44,033)
91,743
Transfer between funds
-
NET MOVEMENT IN FUNDS
91,743
RECONCILIATION OF FUNDS:
TOTAL FUNDS AT 01 APRIL 2022
74,410
TOTAL FUNDS AT 31 MARCH 2023
166,153
£
Net income		 Restricted
Funds
2023
£
882,346
8,866		 Total
Funds
2023
(Restated)
£
929,216
8,866
840
47,710 891,212 938,922
(44,033) 847,691 803,658
(44,033) 847,691 803,658
91,743
-		 43,521
-		 135,264
-
91,743
74,410		 43,521
425,340		 135,264
499,750
166,153
**£ **		 468,861
**£ **		 635,014
**£ **

24