Registered number: 043591198 Charity number: 1091657 (England and Wales) Charity Number: SC041475 (Scotlatid) GLOBAL CHARITIES (A Company limited by guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Ilwllll '￿EsjAK]" 0711012022 COMPANIES HOUSE A13 GLOBALCHARITIES (A Company limited by guarAllttt) REPORT AND ACCOUNTS FOR THE YEAR ENDED3J MARCH 2022 Contents Page Reference and administrative infonnation Trustees, report 2-18 Independent auditor's report 19-21 Consolidated statement of financial activities Charity Statemeni of financial aciivities 23 Consolidated balance sheet 24 Charity balance sheet 25 Group cash flow statemenl 26 Notes to the financial statemen(s 27-38 GLOBALCHARITIES (A ¢oJnpiny limited by gu•r¥ntee) . REFERENCE AND ADMINISTRATIVE INFORMATION Trustee5 loanne Kenrick (Chair) Michael Connole jonathan Norbury Gareth Andrews Ulrika Hogberg Sally Cairns Marcia Asare Martin Allen Morales Sbalni Sood lennie Stubb5 Registered Company NumbeT: 04359098 Reglstered Charlty Nuth￿r. 10916S7 Reglstered Offlce: 30 l£icesterSquare London WC2H 7LA Dirertorof Global Charities Emma Bradley Senior Man2gemeDtTeam Emma Bradley Shreena Dholakia Stuart Campbell Amy Lancaster-smith Hannah Lison Audiiors Haysmacintyre LLP . 10 Queen Street Place London EC4R IAG Bankers Barclays Bank 27 Soho Square ndon WID 3QR Website GLOBALCHARITIES (A company limited by guar*ntte) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 INTRODucfioN FROM T.HE CHAtR The pastyear has continued to be a challenging period for all of us. When we approved the charity's business plan in March 2021 for 2021122 it was in the heighr of lockdown and amidst much uncertainty. We were hopeful thai the vaccine rollout would see restrictions lifting and a return to some kind of normality. In reality, despire some restrictions lifting in the summer. there was further disruption with the spr£ad of the omicron variant in late 2021. For the small charities we support. it has meant unrelenting demand tor their services, especially projects supporting vulnerable people who were shielding. and charities working in mental health. Inflation and the cost of living crisis has meant that more people are using food banks and turning to local charities for support. Meanwhile the charities themselves have seen costs soar with rising energy bills, whilst income was under pressure. Fundraising events were restricted, corporate partners were focused on survival, and there was less emergency funding available. We pay tribute to the resilience of small charities dLkring very tough times. Against this backdrop. Global's Make Some Noise remained committed to building stronger and healthier communities. and continued to adapt and respond to the needs of small charities. Despite ongoing disruption to our fundraising calendar. we raised £2.5m throughout the year. through the annual broadcast ap'peal in October and other year-round fundraising initiatives. We were able to award £2.57Tn in grants to 71 charities spanning our 4 key areas= shelter and safety. physical and mental health. loneliness and life skills. Funding is due to reach more than 22.000 people, with thousands more family members indirectly benefitting. We have invested in 59 roles such a5 counsellors, therapists and project coordinators across projects working across bereavement, hownelessness. poverty, disability" mental health. carer support and More. And for the first time, after consulting with our beneficiaries. we also introduced continuation grants to support core costs on top of project funding in recognition of escalating pressures. As part of our EDI workstream. we invested capacity building grants in two Black-led charities to help build sustainability and eligibility for future project funding. This pilot was successful. and both projects will now go into funding. We will take the learnings forward and continue with this programme as part of our commitment to marginalised communities. One of the highlights of the year was reinsrating our tT7ining programme which had paused during the pandemic. We were delighted to host 40 charifies at our office in Leicester Square where colleagues from Global shared their experttse on marketing and digital. The feedback was excellent. with charities valuing the learning opportunity and the chance to meet each other. and share challenges and solutions. We also issued two impact reports during the year. one focused on grants given to children and young people's projects since 2018. and one focused on grants disbursed as part of our emergency appeal for projects supporting those impacted by coronavirus. It is very rewarding to see that charities recognise the added value and tlexibility that Global's Makes Some Noise brings as a funder. with 98% ofgrantees ststing that they would recommend Global Charities to another small charity and 86% stating that they were able to reach more people who needed support as a result of our funding. As we look ahead. we are very aware olthe cost olliving crisis and the irnpact this is inevitably having both on charitable giving and on disadvantaged groups. We are also very conscious ofthe Ukraine conflict. and whilst we cannot support overseas projecrs. we are looking at how we might support proje¢ts who are supporting refugees in Britain. In terrns ol fundraising, we are optimistic that we can reinstate some of our bigger initiatives this year. and are planning ahead for the annual appeal in October and the gala dinner in November. We have also commissioned a strategy review to understand how we might evolve the charity in terms of income and impact ambitions. and intend to implement findings in 2023. GLOBAL CHARITIES (A company limited by guarantee) TRUSTEES. REPORT (Continued} FOR THE YEAR ENDED 31 MARCH 2022 Although the change will not happen until some way through Lhe next finaiicial year, we are also saying goodbye ro our Direcror oFGlobal Goodness, Emma Bradley. who has done 8 tremendous job of leading Make Some Noise Since its creation, which she w35 also an integral part of. The charity's success and growth. and the positive impact it has had on thousands OF lives. would not have been possible without her. We wish her the very best for the future. She leaves the charity in good shape and the search for her successor is in hand. with good interim plans in place in the meanwhile. I would like to thank the team for their excellent.work and unwavering commitment. I'd also like to thank Global and my fellow Trustees.for their ongoing support. And. of course. my thanks.go to everyonewho donated. fundraised orsupported in any way. lo Kenrick Chair GLOBAL CHARITIES (A company limited by guarnDtee) TRUSTEES. REPORT (Continued) FOR THE YEAR ENDED 31 MARCH 202Z WED Global Charities is the official charity of GlobaL Global is one of the vmdd's leading Media & Entertainment groups. Europe's largest radio company. Global is home to respected, narional market leading media brands. including Capital, Heart. Classic FM. LBC, LBC News. Global's Newsroom. Smooth. Radio K Capital XTPA and Gold. Global is also one of the leading Outdoor cornpanies in both the UK & Europe. On-air. on Global Player and with outdoor platfornis ombined, Global reache5 51 million individua15 acr05sthe UKevery week including 25 Tnillion on the radio alone. The company headquarters is in IA)ndon's iconit i£icester Square. and Global has MO￿ than 2000 people working at broadca5tcentresand office5around the UK. Thecharity is ableto harness the group'sassets to help with its charitsble airn to support s¥nall charities that [1] relieve poverty. hardship or di5tre55 and (2) promote the physical or rnental or general welfare of childrer4young people oradults in need of care and artention. Global Charities utilise5 Global's plathrms and assets to raise money and awareness for its causes, and deliver development opportunities for its beneficiaries. We align with the media gmup's prowsition of'national btxnd5 delivered locally . so that we are relevant to their audiences in terms of both raising Tnoney and supporknng local projects. The charity'5 main focus is Global's Make Some Noise. an appeal operated by the charity, a large fundraisin8 campaign across Global's plarforms. We work closely with individual radio brdnds and broadcast centres to develop fundrdi5ing strntegies relevant to their audience5 and commercial clients. We Continue to focus on growing brand awareness ofGlobal'5 Make Some Noise and to innovate our various fvndr3isingstreams. Global'5 Make Some Noise supports a nurnber OF SPEcially selerted charits.es acrnss the UK. They may be srnall. or tackling an issue thaV5 not well understood and provide crirical help forsome of the most vulnerable in our50ciery. We run 3 programmes to build sust3inability in small charities.. An awareness programme to generate much needed publicity and support A grants programme to fund vital Services and equipment A learning and networkn.ng prograrnrne to help upskill charities OJraKfj 15 far Feel PREPARED Feel INCLUOEO SAFE WELL 8y asuies So * surwrt. cts 1rd￿1￿j Through our GLOBAL CHARITILS {A company limited byguarnntee) TRUSTEES, REPORT (Continued) FOR THE YEAR ENDED 31 MARCH Z02Z OBIECTIVES AND A￿[v[TIF5. WHAT WE DO {continued) ntA ivitie Fundraising Our fundraising strdtegy is to leverage the unique tK)wer.of the plarforms and connections made available to us by our . association with Global. Our close relationship Global enables us to raise money tor the charities we support We are provided with generous inventory, spanning on-air. outdoor and digital platforms. The unique acc¢55 to programmers and high-profile tslent on Global's starions, as well as the expertise of teams within Global- including PR, marketin& commercial contenL technolo8y and video- has been crucial in Successfully delivering our fundraising ambition& The m05t significant furmlrdising aLtivities were the on-air appeal, which took place in October. Alongside these we ndraise through more 'traditional' srreams such as challenge events. corporate partnerships and community fundraisin& but many ofthese were still restrirted in the past 12 months due to Covidl9. In 2021122, Global's Make Some Noise rdised £2.57rn {2021= £4.22m) Global Charities had additional recognized £0.42rn (2021.. £0.66m) in Gifts in Kind (GIK). meaning toial group income was £2.99m12021.. E4.88m). Gifts in Kind represent Global's support towards our fundraising with the real market value for the 2021 Appeal estimated to be over £1.82m. Grant making We allocated £2.57million in grants, funding projerts for 60 charities for our 2022 appeal. and providing 11 existing portfolio charities vital continuation funding for 2022. Grants were predominanrly made under our new impart structure, with funded projects focusing on providing shelter and safety. supporting physical and mental health. reducing isolation, and developin8 skn"Il& More than 40 charities took part in awareness-raising activities throughout the year forappeal activities. In addition to the 71 charities receiving new grant fvnd& a fvrther 31 charities received insralmenrs for grants that were allocated in previous years. Volunteers are highly valued by the charity and its beneficiaries. In 2020121. due to cancelled fundraising events and social distsncing rules, we were unable to welcome their supporL In 2021122. volunreers helped us by staffing call- ¢enr￿s. stewarding at our fvndraising events. delivering learning opportunities for charities, and provided administrative supportat our office. Yolunteers had provided an estimated 116 hours support {2020121.. nil). Based on livingwages. the value of thissupport is equivalentto {E8.91/hour) £2,566. We are hugely grateful toall Global staff and volunteers who supported the.charity atvarious points throughout the year. The Trustees confirm that they have cornplied with the duty in Section 4 of the Charities Act 2011 to have due regard to the guidance issued by the Ch3rity Commission on public benefiL The charity fulfils its public benefits requirement through irs grant maklftg JLUviiies and sustainability building fnrits benefioaries (sèe page 8]- GLOBAL CHAIUTIES (A company limited by8uardDtee) TRUSTEES. REPORT'(Coniinued) FOR THE YEAR ENDED 31 MARCH 2022 ACH ENTS A Global'5 Make Sotne Noise airns to rdise as much Tnoney as possible"through Global'5 platforms as well as through evenrs and parrnerships. As wrh the previousyear. the fvndraising calendar was severely disrupted by the pandemic, with events cancelled and many parmers still focused on business recovery. including.Global. In total we raised .£2.$7￿ driven partlythrough the annual appeal. and partly through year-round inÈtiatives and partnerships. OurAppÈal Campaign Our annual appeal ran across Global's platforms in October 2021. Events were still partially limited due to the pandemic, but we collaborated with Global's rddLO Station5 to create a set of initiatives to ¢ncoura8e donations and sponsorship. Of note, Heart Breakfast gave away 5 cars, thanks ro MotorpoinL and toured the country with lamie Theakston and Amanda Holden meeting some of our beneficiary charitie> Classic Fm's AlexanderArmstrong tooko the challenge to perforTn 24 concerts in 24 hour& raisingmorethan £IOOk Meanwhile Chris Moyles and his team from Radio X recorded another"Pubcasf. raising more than £150k And Capital parthered with Monopoly on a challenge. As well as the cars. we sourced a range of fantsstic prize& wfted by partners. These were used in competitions. with participants able to give an optional donation via rext at poini of entry. Pri2es were very successful in incorne renn& and where possible we work opportunistically with Global to promote themacross the year. Building on our SUC￿$% in 2020. we also develO￿d more praducts. and successfully sold branded products in conjunction with Radio K Classic FM and LBC with all profirs coming to the charity. All ofGlobal's platforms helped tell the story ofcharities supported by Make SoTne Noise, especially those who were still irnparted by coronavirus. Listeners were able ro donate by texl online orvia the call centre. We ran some extra fvndraising activity around Christynas. but p]ans were limited by proximity to the October appe.al and by the omicron outbreak By February.'restrictions had lifted. and we wereable to go ahead wth two events with LBC, one with Steve AlleD. and one with james O'Brien who interviewed Keir Stsrnier for his Full Disclosure podcast CoTporate partnerships We are grdteful to our headline appeal sponsor, Vodafone. and toa number of sponsors who supporred activities that took place on each of Global'5 ra.dio stations. Motorpoint5ponsored lamie &Amanda's Roadtrip on Hear¢ Monopoly sponsored Roman's Monopoly Mission on Capital. Selco Builders Warehouse sponsored the Radio X Pubcast and Kaspa's Desserts Sponsored activity on Capital KfRA. Global's cornrnercial client relationships rernain important to Make Some Noise, and we were pleased to receive income from returning partner5 such as eBay and Talka5 well as new tharity partners like Giff Gaff. We also received 3 number of donations fvom other companies. In addition to appeal sponsorships bye were delighred to partner with some otherorganizations,'intluding lingle lam who selected Global'5 Make Sorne Noise as 3 chosen charity for their Christmas fundrdising push.with the gaming community. and HotÈy)int who made a donation as part oftheir'Home Love Makeover. campaign on Smooth. We continued some long-standing partnerships off-air as well. including Carshop and EnElish Tea Shop usingcause- related marketing to donate a percentage of sales to Global's Make Some Noise. Our partnership with Van Gogh Alive enabled us to raise funds and host some supporters at their exhibition in ￿ndOn. GLOBAL CHARITIES (A'company limited byguardntee) TRU5TEES' REPORT (CoDtillued) FOR THE YEAR ENDED 31 MARCH Z022 Mass participation events. Challenge events resumed from summer 2021. with the London Marathon rescheduled to October. We are hopeful that there will be more opportunities lor mass participant events in 2021 The generosity of our supporters duringthe 2021 appeal combined with existing designated grant funding enabled us to allocate a toral of £2.57 million to 71 beneficiary charities across our 4 key outcome areas. Our grants focus on achievinEthe following impact for beneficiaries- providing shelter and safety. supporting physical and mentsl health. improving life skill& and preventing isolatio Following our expansion of the Global's Make Some Noise grants remit in 2020, we continued to Fund projects addressing all age groups and those that meetthe diverse need of all cornrnunitie5 in the UK Orthe 71 total grants, 11 grants were made to charitie5 as project continuations fmm our exi51ing portfolio to support essential ongoing Worl. and 60 were made as new funding awards made up of 13 awards to previous grnntees from our DCMS portfolio identified as high need area5 of fundin& and 47 made to newly identified charitie& These 60 charities have been awarded 2 years of fundin& helping them with longer term security and planning. For the first time, Glob31's Make Some Noise has alsts made a proportion ofallocated fundingavailable to grantee5as core funding. In total, £371,500 of £2.57 rnillhon has been provlded 35 second year core funding to offer enhanced fle￿bIlity and to support core operathonal and delivery requirements much needed by charities as they conDnue to recover from the fundraising challenges of the pandemic Over 22,000 people will benefit from the supportof our fi]nding overthe next2 years. We continue in ourcommitment to supportingdiversity and inclusion in ourgrdntswth 16% of funds supporting the LGBTQ+ community,atlea5t 14% of funds directed to help people from ethnic minority backgrounds and 58% of our granrs will support people living with disabilities and illnesses. including mental health. . Funding specifics this year included Z first employed sraff members for 2 small charities, 4 befviending and activity projecrs (or older people who are living alone or have lort confidence through the pandetnic, a Speech & tanguage Therapisiforchildrenwith Down Syndromeand 6 p.rojeLts working in the spatt of digital.inrlu5Lonthrough tech clubs. trainin& and online provision. "I cannot put into words how truly grdteful we are for such substantial continued 5UPPOrt from Global's Make Some Noise - it is utterly amazing to know thar our focus can remain on sllpporting our community rather than sourcing grants ro cover our running costs.Thank you.- MyotubularTrnsL NatioriaL "It is difficulr io get across in an email jusr how grateful weare forthe additional fundin& Please pass on our thanks to the entire team at Global. to say that this is appreciated is an underststement This is going to make such a huge difference, securiry is a big thingand ro know that we can plan for the next two years with Confidert￿ and excitement is a joy. We look foTh*ard to achieving our plans of developing the space and sharing our stories along the way. From all ofthe'team and our surroundinB communities a massive thankyou.- Westtroft Community Centre. North West GEOBAL CHARITIES (A company limited byguarnntee) TRUSTEFS. REPORT (Continued) . FOR THEYEAR ENDED 31 TrIARCH Z022 ACHIEVEMENTS ANQ PERFORMANCE FOR THE YEAR (continued) We're proud to be a voice for small charities raising awareness of some of the biggesr issues afferting our society by workjng with Global. the Media & EntertainmentGroup. During our appeal year. 42 charities took part in at least l awareness-raising opportunity. We profiled beneficiaries and causes on air. championed them on our websites and social, and promoted their siories across Global media plarforrns. New opporrunities this year lorcharities included on-air inteerdtion with partner brand5 such as Vodafone to highlight importanrdiwtal inclusion projects. and 3 8uestinterview opportunity with a Global Podcast Awareness-raising delivers a wide array of outcomes for charities which can generate fvrther reach- growth in new supporters. identifying beneficiaries who need suppor( recruiting"newvolunteer5and increase Èn recognition ofthese important organisations and iheir cause areas. Thisyear. 23 charities told us thatawaTenessoftheircharity had increased because oftheirparticipaknon wth Global's Make Some Noise appeal artiwtiek IB charities have been contacted by new beneficiaries about accessing their services as a result of hearlng about them on the rddio. 10 charities reported that they received additional direct monetary donations a5 a result of Make Some Noise. and 11 charities had 151 new volunteerenquiries. "Championing.the vokces ofthose with wsible difference5 and supporting them to Speak out on issues that matter to them isat the heartofourwork at Changing Faces. Being able to provide more oppomnities forourcommunity ro do this. wth an organisationthatthey knowsUPWJtTsaNlvaluesthe workofchanging Facesisa real highlight" Chang]ng Faces, National. 'There wa5 a real buzz at our centre that we were chosen to be part of Global's Make Some Noise Appeal and lors of people fr(fm our local community were pleased to hear us on the radio and congraiulated usl The p3r@nts were really happy and it created an even stronger warn? and happy atmosphere he￿ at COG!" Cirencesrer Opportunity Group. South WesL "For us being partof the campaign is amaztng as it allowed us much needed publicity and also allowed unpaid carers. stories to be heard. Having che carers srories played on radio in the weeks running up to Global's Make Some Noise Day is great exppsure foi our charity. This in turn will increase numbers OF new unpaid carers being registered with us and allows us to suppK)rt and help rnore people. This wll hopefully intre35e fijnding opportunities to allow us to continue to offer respite and short breaks and one to one support for unpaid carers.~ Stiriing Carer5 Certtre, Scotland. This year saw the return of our refreshed Learning Programme. aftera 2-year hiatus due to the pandemic Two face-to-Face training days were hosted forcharitie& providing free skill-sharing5ession5 in marketin& social Media and digital slalls. including SEO. These session5 are led by our expert colleagues frorn across Global and provide valuable opportunities forchariDe5 to learn and share with each orher through networkill& "It's been greai ro meer some other charitiès to network Not only do you wve us money to do our important work you help us learn too Ifor freel- Huge th4nks to you all." MambaiadeTrusL Sfiuth West GLOBAL CHARITIES {A company limited by guarantee) TRUSTEES. REPORT (CoDtinued) FOR THE YEAR ENDED 31 MARCH 2022 ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR {contiDued) This year we also piloted a capacity-building investment programmE. Working with 2 small black-led charities we provided funded consultsncy support overthe course of 7 months to help develop their financial sustainability. After meeThng jointly-set objertives, both charities were awarded grant ￿ndS in March. In addition to our training programme and added value in2tsatives. we work in partnership with our charities to develop and deliver initiatives where we can add value in Ihne with our mhssion to give granrs. give a voice and give 3 helping hand This yeaT we Un]￿ked the equivalent of overE14kof gifts in kind for ourcharities.and their beneficiaries including.. 18 tickets to the lingle Bell Ball provided for 6 charities by Global. 20 board games for families donated to charities from our partner Monopoly. Working with Heart and their p3rtners, gifted a one.of.a.kind Christma5 experiencE and holiday for family. and a curated special Motherfs Day programme benefiting 3 charity through gift in kind and a direct donation of £1,800. iA)okirigahe3d to 2022 and beyond. we are committed to continue investing in the susrainability and capacity- building of small charities through our learning and added value prograTnme. New online provision wll see more learning opportunities introduced in areas including Equaliry. Diversity and IrKlusiorL finanoal sustainability and other topics informed by our beneficiary charitses and their learning need> Global Charities 15 cornmitted to betng an efficient organisation and provtding good v31ue for rnoney. Where possible. the charity uttlises Global's infrastructure. The team has now moved to a hybrid model ofworking. Throughout the year. the charity reviewed its acriviries. processes and policies ¢0 ensure it IS Working in the most effective way, including back-office operdtions. internal and external communications. and investments into new fundraising initiatives. We worked c105ely with Global to upgrade our finance system. moving to Workday Financials in August 2021. Thi5 ha5 seen significant benefits on productivity and reportin& The charity continues to benefit from trainingavailable to Clobal sfaff. As well as attending relevantcourse5, the team are able to access an onlsne learning porral. Charity srafFkeep up to date on finance, risk compliance. safeguardingand COTnplaint handling proce55e5 and procedure& Staff allend conferentes a￿1 networking forums &% appropriate to ensure we 3re operating in line wth best prattl￿. All new staff are faken through an induction Pro￿$$WhICh includes 5aFeguarciingtrainin& Furthermore, to ensure the continued engagement with and undersranding of Global. all staff a￿end a Global induction and ongoing company meetings. Goals for the year are set for stsff based on the charity's business plan and their ￿rforn1ance is measured through an annual appraisal proces& The ch3rhty also nurtures its relationship Global colleagues through ongoing stafF engagement activities. formal an¢J informal reporting lines and nerworks. The team are also able to join Global st3ff groups including Diversity and Inclusion networks. GLOBAL CHARITIES (A company limlted by guarantee) TRUSTEES. REPORT (ContiDued) FOR THE YEAR ENDED 31 MARCH 2022 FINANCIAL REVIEW The group's income from Global's Makesome Noise ￿ndraIsIng athvitie5 fortheyearwas £2.572kexcluding gifts in. kind £423k (2021= £4.220K excluding &fts in kn.nd of £661k) against related non-grant expendi￿￿ of £998k (2021.. £1,106k) and Efdnt awards of £2.576k (2021= £2.359k) leading to 3 deficit OF £I,OOlk [2021 £755k surplus) for ndraising activitie& The deficir is fijnded through Ajnds broughi forward from prior years. Fundraisingacuvities fell into4 rnajorincome Streams- Brand Campaigns. Corporate Partnerships and Major Donors, Challenge Events and Community Fundraisin8. 135t year governrnent fundin8 enabled us to meet pre-pandemic fundraising budgets through the DCMS gr3ni with no further funding.available for 2021122. However. due to a prudent use ofour funds carried forward. we have increased grnnt expenditure levels year on yEar, by £217k The Trustees will continue to closely moniror rhe perforniance of the charity's fundraiskng initiatives. and to consider ways of maximising fundraising rewrn on invesrmenL The charity continues to work towdrds being a more effective organisation and proactively consideriftg reuLrn-on- investmeni in all fvndraising decisions. The chariry went through a resrrurture in the last financial year and is nriciparing to re-recruil in the comingyearand fundraising activitiesand events rebjrn, post-pandemic. Reserves policy The purpose of the reserves policy is to mitigate against any risk to on-going artiviries, which may be caused by an unforeseen increase in expenditure. incoming funds falling short of expertabons and a tempornry cash shortage due to the timing ofthe charity's major fvndraising events. Trustees and rnanagement undertake an annual risk managernenr review to deterniine the level ofreserves that need to be maintsined. These can cater for fluctuations in fvndraisin83nd operational activity as well as any cash shortfall caused by the timing of wnajor fundrai￿ng events. Resetves include restricted and unrestricted fvnd& Only the unrestricted fvnds can be used at the discretion of the Trusrees, i.e. ro meet the cash requirements and fluctuarions mentioned above. The restricted funds may only be used for their specific purpose. Toral fund balances carried forward are £2,201k [2021.. £3.203k). with all restricted funding beingspent down durlng the year [2021 Elok). Designated funds have l%en created during the year with the following being carried fonvard.. The charity created a designated fund for charities we chose to support during our 2019 Appeal. £607k (2021.. £819k} has been carried forward. A general fvnd had been temporarily held in exce55 of free reserve5. This.has been spentdown for children and young people's charities. wth £nil being carried forward (2021-. £348k) A grantsupport fund of £731k was crea￿d lastyearwiih funds earmarked to enable us to provide fvnding to our charities more swiftly. with EIOOk being carried forward. A fvnd for £40k for an IT project to upgrade and strearnline our fundraising systems has been rnaintained A new str3tegy support fund for (£35k). has been created this year. ro be used forexternal consultants. 10 GLOBAL CHAIUTIES (A compatty Ilmlttd by guarantee) TRUSTEES. REPORT (Continued) FOR THE YE8R ENDED 31 f•lARCH 2022 FINANCIAL REVIEW {contlnued) The charity'maint3ins reserves of £771k {2021= £871k) to mitigate the risk that the major fundraising appeal in October is postponed for any reason outside our control. The natLire of the appeal Means that insurance is not available. and it is the Trustees. view that the charity's assets should be safeguarded in this way. Global Charities will continue tci review the requirernent on an annual basis. The Trustees review the way in which funds are allocated with the aim olmaximising the amounts beinÉ allocated to good causes whilst maintaining ihe minimum reserves. The Trustees con5Lderthe level of reserves held at Year End to be reasonable and they have budgeted and planned nextyear's granigiving3ctivity ro ensure that acceprable levels of reserve5 are maintained. As at 31 March 20Z2. the Charity held E4.Im in cash. £1.9Tn of thi% relate to grants to be paid [2021.. £2.7m). Investment Poli Global Charities. poliry is not to hold any investments where cash held in the Trust is less than £Sm other rhan those donated to it Below thisthreshold the charity n￿ke$ use ofshort-ternidep05its (upto 12 months) to maximise interest generated forcharit2ble cause& Grdnt-making Poliry Through Global's Makesome Noise, Global Charitiesawards grantgto eligible organisations to help fund activiDes that enable the charity to deliver its public benefit objective& The charity is COrnTnitted to high Standards of grants governance. Global's Make Some Noise grant-making criteria provide a public statement of activities the'Board wishes to 5UPPOrt ro further Global's Make Some Noise charirable objettive& as well as the ones they do noi currendy wish ro supporl because they are not tOllSLdered in line with the charity's purpose or prioritie> The Trustees accept that on some occasions Global's Make Some Noise may make grdnts outside the published criteria butthat in suth case5 the actjvity supported will be charitable in law. Information on current beneficiaries, forthcoming grdnt awards and curretlt criteria is available on the charity'5 website . A copy ofthe full Grant's Policy is available on request fvom the Operation5 team. at There are no set limits for Global's Make Some Noise grantamounts. but applitrants should be mindful of the Global's Make Some Noise typical award threshold of £IO.000-£S0.000. This is in line with the aim to support smallerchariues for which awarding3 larger fundingamount could be an additional risk factor. The Charity considers its grant-making processes transparent and zddresses the interests of both applicants and the expettations ofboth donors and funding partners who.￿ve funds to Global's Make Some Noise. Key stages in making awards through ourstandard grants programme are as follows.. Expression of Interest by prospective applicants on the Global Charities www.rnakesomenoise.com and nominarions from Global staff or Global'charities. partners. Assessment against minimum eliwbility criteria by Global Charities, staff and subsequent short-listing of prospective applicants Shortlist invited ro apply within a Stated time frame Submission of application fornis by those shortlisted. Rejection of all those not shtsrt-listed Review & assessment of applications by Granrs panel in line with approved grant-making criteria and risk management. website, . GLOBAL CHARITIES {Atompany limited by.guarantee] TRUSfEE¥ REPORT (Continued) I FOR THE YEAR ENDED 31 MARCH 2022 FINANCIAL REVIEW (continued) Recommendations by Grants Panel are submitted to the Board of Trustees for ratification The Board and the Grants Panel are Èuided in their recommendations by the Global Charities Operations team and a list of criteria and conditions that ensure that any fund5 awarded are used in line with the charity's objectives. and in the best Inte￿$t of the intended beneficiaries. Beneficiaries are required to accept Global Charities. Temis & Conditions. complete a projett report and provide receipts and other payTnent detsils [on request) to ensure all grant monies are spent a5 designated. Payment of large grant awards may be st3ged in instsImen￿ contingent on satisfactory delivery in lit)e with the Ternis & Conditions. As funding draws to an end. beneficiaries are required to complete a detailed evaluation which is in turn used in our own irnpart reportin& Sandwell Young Carers- Birmingham Sandwell Young Carers received £30,000 frotn Global's Make Sorne Noise this year. The grant covered a new Wellbeingsupportworkerforoneyear. to deliverintense supportto younscarersaged 11-17 on the issues ofanger management. loss. and mental health. During the funding period. Sandwell Young Carer5 SUPPOrted Alex" an 11-year-old young Cdrer. who"takes on a caring role for bath of his parents. Hi5 dad hasa degenerative discdisorder3nd live5 Wlth chronic pain. and his rnum experiences depression and anxiety. Alex was referred to the charity for support with his emotional wellbeing as he often experienced stres& as well as anxiety about being separated from his parents. as he constantly worried about them being so unwell. Both Alex and his parents received supptsrt from Sandwell Young Carers through group sessions, re5Plte activities and signposting to social care support and welfare rights. The Make Some Noise funded Wellbeing Support.Worker had 1=1 sessions with Alex to ralk through his interests. friends and what he liked to do to help him relax. They also discussed what other support the could receive to help him at school and at home and worked out coping mechanism to help regulate his feelings. Alex 5aid"I don't talk to anyone about what I do at home. but Lt was ok talking to you and telling you. you understand whar I wne3n." Alex's dad told Sandwell Young Carers.. ryou have really helped us all so much. It's g￿atthat even in the pandemic, you accepted our referral and helped so much. It's great he can talk to someone about being a young carer. Really thankyou for everything,. *Pseudot)ym used. 12 GLOBAL CHARITIES {A company limited by guarantee) TRUSTEES, REPORT (Continued) FOR THEYEARENDED 31 MARCH 2022 Leeds Black Elders Association (LBEA) Leeds Black Elders A550ciation received a total of £45.000 from Global's Make Some Noise this year, to fund a 'Cornmunity Confidence Builders, project We were able to provide continuabon funding to ensure this project is Sustained for 18 months. The funding covers 2 new part.tiTne roles to aid older isolated community members who are lacking in confidence following the pandemic, 5UPPOrting them to face 'norrrial life. again and escort them to LBEA'S range of actlVLties, improvin8 physical and mentsl health. "I would. like to.thank Global's Make Some Noise and rhe lovely team for the support and underrtanding of how organisations such as LBEA depend fijnding strearns like Global to help us carry outthe work that we undertake daily w help our community. The project itself has been very successful and is Meeting its objectives in reducing social i501ation, $0 to be able to conrinue for a further six months is a blessing- so once again thankyou for the support that you have given to u&" Project Manager @ LBEA The Io¥Lg-tertn ambition is for Global's Make Some Noise to grow and thus continue to help change more lives. We continue to work closely with Global to align with their assets and priorities. Global remain cornrnitted to the charity. and the role they can play in surf%ing issues. rdising funds. and sharingexperrise and resources.- Our 2022123 business plan and budget reflects some optimism about econornic recovery and antLEipates that key fundraising events. which were cancelled during the pandemic. will return. However there remains much uncertainty wth the c05t of living and inflation risin& and the war in Ukraine and Brexit affecting some Éoods and services, which may impact the nature of charitable giving. We continue to build on the learnings and successes from last yearand build in flexibility to ensure we can adapt to ever changing circumstance& We remain committed to buildingsust2inability in small charities through our three strands ofactivity, addingvalue beyond grants. We are aware olthe increased riskaround supportingsmall charities aftera very challengingcouple of years. during which income fell and deniand soared. We continue to review our risk profile and grant criteria. Whilst we aim to be as flexible and agile as we can, we a￿ mindtul that the public have entrusted US Wlth their donations, and we have a responsibility to allocate these where they will have a significant impact In recognition of the funding landscape. we are introducing capacity buildin8 grants alon8SLde proiect grants and core cost continuation grants. We have commissioned a stratepj review to look at how the chatity may evolve in terrn5 of both incorne generation and impact. and will look to implement finding5 in 2023 and beyond We will continue ourfocus on diversityand inclusion. in ternis of our staffin& culture, governance, grantmaking and delivery work. We have introduced new data poirlts in order to aid our decision makin&.and will be able to use these in our charity selection and grant evaluation. Following the successful EDI pilot with two charitses led by and. workingwiih ethnic minorities we will continue with proactive consulranry forcharities ro help remove inadvertent barrhers to funding ell￿bIlity. 13 GLOBAL CHARtTIES (A company limited byguarantee) TRUSTELS. REPORT (Continued) FOR THE YEAR ENDED 31 MARCH 2022 UCTUR NANCEA EM Gover,ning document & constRtutlo Capital Charities Limired was incorporated on 23rd January 2002 and began trading on 29th lune 2002. On 4th May 2006 the charitychanged its narne to Gcap Charities Limited.The charirychanged its name to Global Charities Limited on 16th October 2008 followingtheacquisition ofGCap Media plc by Global Radio Limited in lune 2008. Otherwork]"ng names include Global's Make Some Noise, Help A Capital Child. Help A IA)ndon Chil(L The Classic FM Foundation & Make Some Noise for Mentsl Health. Globalcharities is a company limited by guarantee (nUrn￿r 43S9098) and a registered charity {number 1091657- England &Wales and SC041475- Scotland). Irs governing instrument LS Lts Memorandum and Articles ofAssociation. Itdoes not have issued share capitsl and. as such. the ultimate control of the charity is vested in its members of which there i5 one, Clobal Media Group Service5 Lirnited. The member delegates the running of the charity and the safeguarding of irs assets to the TnLStees who are charged wth the governance of the chariry. Surtainability Global Charities are gifted office space by Global. who are committed to 5UStainable practices and reducing carbon emissions. They are a rnemberof Ad Ner Zero, the ad indusrry initiative led by the Advertising Associ3tLOn, responding to the climate crisis caused by C02 ernissions. Global is part of the drive to reduce the carbon impart of developin& producingand running UK advertisingto real net zero by the end of 2030. Internally, theGreen@Global grollp delivers a stsff engagement progrdmme centred around our cornmitrnents. 100% of the eller￿ we use atour UK office is from renewable sources and radio transmitters a￿ 9WA) powered by renewable ener￿ source& Our offices are largely paper-free environments and we have replaced plastic bottles and plastic food containers with alremative PaCka￿'n& Atevents. we have a single use plastic ban. Global's outdoor business have won a number of awards for its COTnmirmentto sustsinabiliry. This includes the development ofa gr£enervinyl and an aim to increase zero carknn vehicles in its fleet from IO% to 25%. The charity does not own any vehicles. Our charity products. fundrdising and markeknng materials are made usingsustainable. recycled and FO￿St Stewardship Council [FSC) cerknfied materia15 where possible. We avoid single use products. such as balltsons. and select our packaging (3re￿IlY to avoid unnecessary waste. We workt105ely wth our5upply chain to ensure that fractories used are compliant wth our Moderrt Slavery policy and we select providers to minimise distance travelled during transportation. We introduced an environmental policy in 2021 and TrusTres have committed ro reviewing this annually. As advocates forsocial change and equality. we work closely Global's diversiry steering group and have also created ourown Diversity and Inclusion cornmittee whthin the charity. Many Df Dur staff Tnembers have been elected to Positions on Glob31's diversitycommittees including Pride. Wornen, Accessibility, Parents and Carers. We track data to ensure that ourchariry portfolio is representarive of the populaiorn and that we ￿3¢h outto communirie5 who may be maw"nalised or deterred from applying for a granL In 2021. 14% of our beneficiaries were from a BlacK Asian or Ethnic Minority background. Global charitie￿ Commitment to Good Governance The Board ofTrustee5 use the Charity Giivernance Code as a tool for continuous improvement. The Board apply the principles and follow the recommended praLtice in all area5 of the code.we began a Governance Review in 2021 led b'y a delegated a Trustee and 15 expected to be.cornpleted in 2022. 14 GLOBAL CHARITIES (A company limited by guarantee) TRUSTEES'.REPORT (Continued) FOR THE YEAR ENDED 31 MARCH 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT (continued) ILI The Trustees commit to-. Annuallyassessing the Board's skills, ex￿￿ences. and diversity of background% arKI e5tsblishin8their needs in achieving more effective decision-rnaking Taking a proactive approach in attra￿rtE diverse candidates. i.e. ensuringthe role descripiion is bias fvee and any vacancies are advertised across rnultiple channels as well&%acceptingthat the'right candidate may take some time to recruit Making a conscious effort to be fairto all candidates- this includes interviewers mak]"rtgthemselves aware of uncon5aOU5 bia5 35 well a5 recruitingfor potential. not perfection Ensuring support struttures are in place for all Board members such as, paying for reasonable expenses as well as periodically reviewing how the Board does things (e.g. ts.mel l¢xation oFrneetsn8S. technolo8y used to .communicate and present papers . Reviewing and learning fvom experience Ora￿eting continuously engagingand retaining a divetse Trustee Board These diversity objectives apply particularly to externally recruited Trurtees Trustee5- Re¢ruitmeDt. AppoiDtmentand Training The Board of Trustees consists of senior managers wthin Global an.d external Trustee& A baL4n¢e is sought of approximately half each. The Chair of Trustee5 and the Treasurer are external appointments. The recruitsnent process involves a fomal application to the Chair. an inteTview with the Chair and the Dirertor of Global Ch3rities, and approval by the full Board of Trustee5. All newly appointed Trustees must be eligible to join the Board and fill an existyng skills gap. The irustee recruirmeni policy ourlines the skills and expèrience required as an optimum mix forthe Board. The Board loo￿ to recruit across a range of backgrounds and experience. Internal Trustees are recruited from seniorstaff within Global to ensure the charity 15 well integrated with the business. External Trus￿e5 are recwired in an open applicarion process. Newly appointed Trustees are provided an induction and relevant training. The indurtion pack includes the charity'sgoverning documents. historical financial infomiaknon and future plans. the business platL as well as guidance on the roles and re5ponsibilitie5 of generdl trusteeshLP. sub committees and individual roles. such as Treasurer or Chair. In addition. the Director of Global Charities provides an overview of the charity's performance. granr-making and staffing strucuJre& OrganisatiODal StruLture The Trustees meet quarterly to review rhe perfomiance of the chariry and make any decisions necessary to its governance. The member of the charitsble cornpany is fOrn￿llY represented at these quarrerly meetings by the Director of Global Charines. who reports w the Chair of Trustees and has a dorted line to Sally Cairns, Global's Chief People Officer. Stephen Miron. the Group CEO can also attend anyTrustee meeting. The Trustees chair two committees- the Grants Panel and Finance Comrnittee. The Grants panel, chaired by Marcia A%are, selects and recommends beneficiarycharities forgrants allocations forapprov21 by the Board. The Finance Committee, chaired by Michael Connole meets quarterly. Significant meetings are held in luly to rneet Wlth the charity's auditors in orderto revhew the statutory audiL financial controls. risk management 15 GLOBAL CHARITIFS (A company limited byguarantee) TRU5TEES' REPORT (Continued) FOR THE YEARENDED 31 MARCH2022 and fjnancial performance. and in March to approve the annual budget prior to the start ofthe new financial year in April. The Trustees delegate the day-to-day management of the charity to the Director of Global Charities. The charity ernploys a small team of staff in Londonand relies on support from Global to carryout its work The tsble below Shows . attendance to Trustee and Finance Commitree meetings. Name Number of eligible Trnstee rneetin Number attended Number of eligible Finance ComtDittee meetin Number attended Michael Connole jonathan Norbu Shalni Sood loanne Kenrick Ulrika Ho be Marcia Asare ennie Siubbs Gareth Andrews Sall Cairns Martin Allen Morales STRUCTURE, GOVERNANCE AND MANAGEMEpif (continued) Objertives The objectives of Global Chariries are to relieve ￿vertY. hardship, or disrress, and to promote the physical or mental welfare of children, young people or adults in need of care and artention, and any such other objert or purwse'as is charitable under UK law. Remuneration Policy Global Charities is committed to making sure that employeesare paid fairly and in a way that helps attract and retsin. great people in order to have the greatest impact in delivering its charitable objectives. In accordance with the Statement of Recommended Prartice {SORP). Global charities.. Discloses all payrnents to Trusrees (no Trustees receive'pay.. but we do reirnburse expenses). Disc105e5 the numberofemployees paid more than E60.000 pa (in bands of £lO.000}. Discloses pensions and orher benefirs given to employees. Global Charities has a Finance Commirtee, which meers 4 times per year and is comprised of the Treasurer and tsyo otherTrusrees, the Director ofthe charity andthe Head ofFinanceand Operarions. Once peryear.ahead of the Global's annual pay review. Global's CPO will advise the Direcrorof estimared paychanges being considered forthe Group. The Direcror wll share this with the Finance Committee for review and approval. The Committee then makes recomrnendations to the Board for approval and is incorpordted into business plan% for the following year. All other salaries are set by the Senior Management Team. using comparisons with other employees and other charities. Global Charities is committed to paying at least the National Living Wage to all its employees and interns. Employee remuneration does not include any share options or long-tem incenive schemes. The pension provislons for the Director and rhe Senior ManagementTeam are on the same tems as other employee& Auto enrolment takes place in line wth pension lewslation. 16 GLOBAL CHARITIES (A company limited by guarantee) TRusfE&S' REPORT (Continued) FOR THE YEAR ENDED 31 MARCH 2022 Related Parties The charity has a trading subsidiary called Global Charities {Trading) Limited. whose princip31 acknvity is to contribute to the fundrai5kng forGlobal Charities. This company arranged a number olfundraisingevenrs and iniDatives. some in conjunction with companies who wished ro support the charity. The trading company was able to make a donation under gift aid of£565.746 (2021= £343.907) representing its iaxable profit Internal controls and risk management The Trustees have responsibilify forensuring tharthe charity has in place an appropriate system of conrrols, financial or otherwse. to provide reasonable a55ufdnce that the charity is operating effectively and in line wth the Ch3rity Commission guideline& The systems of financial control were continually reviewed and improved where necessaryijuring theyearto provide reosonable assurance against rnaterial misststement or los& A full annual planning and budgeting process is in place and rhe charity has prepared a risk management plan. which is regularly reviewed throughout the year. that identifies the most significant risks to the irnplernentation of the strategy. orders them by likelihood of ocoJrrence and theirimpacL and indicates whataction is in hand or is necessary. to manage the risk Major risks identified For the Year include.. Major economic downturn following the Elobal pandemtc, impacting charitable givingand supporL Balancing fundraising and commercial pressures, impacring ability to fundraise. Disruption of planned activity. including reschedule ol appeal and lack of ability ro hold events and participation challenge5. This risk is mitsgated by holding sufficient reserves to secure cash flows until the nexr major opportunity ro raise fvnds as well as by encourag]"ng year-round fvndraising initiarives. FundrnisingApproath Global Charities is a member of the Fundraising Reguiaror and the InsD"wte of Fundraising and is committed to following the Code of Fundraising Practice. Global Charities raises the maioriry of its fvnds throiigh broadcart appeals. events, corporate partnerships and challenge activities. The charity and its agents" do not undertake any dirert fundraisin& such as door-to-door ndraisin& dirert mailings or cold callin& In line with currenidara pmtecrion regulatiotx we only contsct individuals Wlth priorconsenL The charity ensures thai ftjndraising agreemenrs and conrracts a￿ in place with irs supporrers. particularly Commercial Participators, where applicable. Agreements entered since the introduction of the Charities Act 2016 include an additional section on appropriate fundraising rneasures and wll be monitored on a regular basis. In early 2017, the charity reviewed the due diligence process for porential Sup￿}rterS and updated tools for staff. Community Fundraisers and Challenge Event participants are issued with fvndra2sing packs detailing good ￿ndraiSIng pracrice. Fundraising volunteers supporting ourappeal dayare briefed on appropriate behaviour. Staff are regularly rrained on fijndraising best prdLtice. particularly around vulnerdble people. and Global stsff involved in fundraising acbvities have a wide range of fundraising tools and guidelines at theirdisp)sal_ In addition. close relationships are maintained between the charityand relevant Global staff to ensure respotL¥hbilitiesare clearly understood. 17 GLOBAL CHARITIES (A company limited by guar4ntee} TRUSTEES. REPORT (Continued) FOR THEYEAR ENDED 31 MARCH.2022 The charity has an uptOTrdate complaints policy published on its website. All staff receive regularcomplainrs training and the charity rerains a complaints log in line with IES policy. In 2021/Z2 we re￿Ived no cornplaints [2020121.. 0). The charity 15 not aware of any breaches offvndraising re8ulats.ons by the charityor byany personactingon Its behalf. The charity has a Vulnerable supporter policy. reviewed annually. More speofic st3ff gutdante i5 available and training as part of the inductson proces5 for new tundraisingstaff and volunteer*- Statement of Trnstees. Responsibllldes The trustees, who are also direttors of the charitsble company. are responsible for preparing their report and the financial statements kn accordance with applicable lawand regulabons. Company law require5 the twstees to prepare financial ststements for each financial year. Underthatlawthe trustees have elected to prepare.the financial statements in accordance United Kingdom Generdlly Accepted Accourtting Practice (United Kingdom Accounting Stsndards and applicable law). The financial ststements are required by law to give a true and fairview of the state of the affairs ofthe charitable companyand rhe groupand ofthe surplus ordeficit for rhat period. In'preparing rhese financial SEaten￿nts the trustees are required to.. Select suitsble accounting policies and apply. thern consisrently Observe methods and principles in th? Charitie5 SORP Make judgements and estimaEes that are reasonable and prudent stste whether applicable accotsntinE rtandards ￿ve been followed, subject to any materizl departures disclosed and explained in the financbal statements Prepare the financial statements on the going concern basis unless ir is inappropriare to assume that the charitable company will continue in operation The trustees3￿ also responsible forkeeping properaccounting records thatdisclose wth reasonable accuracy at any tirne the firlancial p05iknon of the charitable company and enable them to ensu￿ that the financial st3temenrs comply with the Companies Act 2006. They are also responsible for safeguarding the assers of the charirable company and hence for taling reasonable sreps forthe prevents.on and detection of fraud and other irreÈularitie& Ststement of dlsdosure tothe audltors So far as the trustees are aware.. [a) there is no relevantaudit inforniation of which the Company's auditors are unaware, and 0)] they have tsken all the Steps that they ought to have tsken as ttwstees in order to make themselves aware of any relevanraudit infomaDon and to establish that the CoMpan￿S auditors are aware ofthat information. Approved by the trustees on 30 September 2022 and signed on their behallby- joanne Kenrid4 Chair INDEPENDENT AUDITOR'S REPORT TO THE MEMBER5 OF GLOBAL CHARITIES Opinion We have audited the financial stafeTnents of Global Charities for the year ended 31 March 2022 which comprise the Consolidatell Sratement of Financial Activities. the Charity Ststernertt of Financial Actiwties, the Consolidated Balance SheeL the Charity Balance SheeL ihe Consolidated Sratement 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 theirprepararion is applicable13wand United KingdomAccountingStandards. including Finanoal RepDrring Stsndard 102 TheFinancial Rep(JrtingStondordopplicublein the UKondRepublicoflrelond(United Kingdom GenerallYAc￿pted Accounting Prartice}. In our opinion, the financial sratemenrs.. give a true and fair view of the stste of the group and charkrable company. s affairs as at 31 March 2022 and of the group's and charitable company. s net movement in fvnds, including the. income and expenditure. for the year then ended.. have been properly prepared in accordance with United K¥ngdorn Generally Accepted Accounting Pracknce.. and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities and Trustee Investment {Scotland) Acl 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 200 Ba515 for opinion We conducted our audit in accordance wth International Stsndards on Auditing (UK) (JSAS tUK)) and applicable law. Our responsibilities under those standards are.further described in the Auditor's respons)bilities for the audit of the financial statements section of our report We are independent of the group in accordance wth the ethical requirements that are relevant to ouraudirofthe financial ststements in the UK including the FRC'S Erhical Stsndard, and we have ￿lfilled our oiher ethical ￿SponsIbl11ties in accordance with these requirernents. We believe that the audit ewdence we have obtained is sufficientand appropriate tt> provide a basi5 for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the trusree s use of the going concern basis of accounring in the p￿paratiOn of the financial statements is 3PPfOPriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions thaL individually or tollectively, tnay cast significant doubt on the charitable company. s 's ability to contirlue a5a goingconcern for4 period of at least Nelve months fronTwhen rhe financial sratements are authorised for issue. Our responsibilities and the responsibilities of the dirertors with respecr ro going roncern are described in the relevant sections of this repo Other inforniatson The trustees are responsible for the other information. The other information comprise5 the inForm3tion included in the Trusrees, Annu31 ReporL Ouropinion on the financial sraremenrs does not coverthe other information and. except ro the extent othetivise explicirly stared in our report we do not expressany forni of assurance conclusion thereon. In connecrion with our audit of the financial starements. our responsibility is to read the other infomiatlon and. in doing 50, consider whether the other information is materially inCon￿Stent with the financial st3￿ments or our knowledge obrained in the audit or othernfise appears to be materially misstated. If we identify such material Inconsistencies or apparent Tnaterial misstatements, we are required to deterrnine whether there is a material misststement in the financial ststemenrsora material misststementof the other inforniation. If. based on the workwe have performed. we conclude rhat there is a n￿terIal Tnisttatementofthis otherinforniation. weare required to report that fact We have nothingto report in this regar Opinions on other matter5 preATibed by the Companies Art 2006 In our opinion, based on the work undertaken in the course of the audit the tnformation given in the Trustees Annual Report (which includes the Strdte8ic report and the direcrors report prepared for the purposes oFcompany law) for the financial year for which the financial ststements are prepared is consistent wth the financial statements- and the strategLC report and the 19 directors report included within the Trustees Annual Rew)rt have been prepared in accordance with applicable legal requirements. INDEPENDENT AUDrroR'S REPORT TO THE MEMBEPS OF GLOBAL CHARITIES Matters on which we are requlred to report by exception In the light of the knowledge and undersranding ofthe charitsble cOmpanYar￿ its enwronmentobrained in thecourse of the audir, we have not identified rnaterial misrtatements in the TTUStees' Annual Report {which incorporates the strategjc report and the directors, reportl- We have nothing to report in res￿Lt oFthe follo￿n8 n￿tte[S in relation to which the Companies Art 2006 requires us to reporttoyou if, in our ophnion.. adequare accounting records have not been kept by the charitable company.. or the charitable company financial statementsare not in agreement with the accounting recordsand returns- or certain disclosures oftrustees, remuneration specified by law are noi made- or we have not received all the inforniation and explanarions we require for our audiL or the trustees were not entitled to prepare the finantial sratements in accordance with the small companies regime and take advantage of the small companies. exempuons in preparing the trustees, reportand frorn the requirement to prepare a strate￿C reporL Responsibilities oftrustees for the financial ststements As explained more fully in the trustees, responsibilitie5 statement set out on page IB, the tnjstees [who are also the director5 of the charitable company for the purposes of company law) are responsible for the preparation of the financial ststements and for being satisfied thar they give a true and fair view. and for such internal control as the rrustee5 determine is nece55ary to enable the prepardtion of financial ststements that are free from fftaterial .mi55tatemen¢ whether due to fraud or error. In preparing the finanoal statements, the trustees are reSpOn￿ble forassessing the group's and charitsble company's ability to conttnue as a going concern. disclosin& as applicable, ￿￿tter5 related to going concern artd using the going concern basis of accounting unless the trustees either intend ro liquidate the charitable company or ro cease operaiions. or have no realistic alternative but to do s AuditoVs responsibilities for the audit of the finantial strtejnents Our objectives a￿ to obtain reasonable assurance about whether the financial staternents as a whole are free from material mi55tatemenL whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance 15 a high level of assurance, but is not a guarantee that an audit conduLted in accordance with ISAS (UKJ will always detert a material missta*ment when it exists. Misstarements can arisè from fraud or error and are considered materhal if. individually or in the aggregate, they could reasonably be expeLted to inlluence.tbe eeonotnic decisions of users taken on the basis of these financial ststement& Irregularities, including fvaud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsiblliknes, outlined 3tA)ve. todetect rryateri31 misstatements In respectof irregularities, including fraud. The exrent to which our procedures are capable of detecting irregularits"es. including fraud is detailed below.. Based on our understsnding of the group and the sector in which it operates, we idenrified that the principal risk5 'of non-compliance with laws and regulations related to regulatory requirements of the Charity Commission. OSCR and rhe Fundraising Regulator and we considered the extent to which non-compliance might have a material effect on the financial statements. We a150 considered those laws and regulations that have a direct impact on the preparation of the financial staternents such as the Charities Art 2011, Companies Act 2006. Charirtes and Trustee Investment (Scotlandl Act 2005, Charitie5Accounts (Scotland) Regulations 2006. VAT and payroll taxes. We evaluated management. s opportunities for fraudulent manipulation ofthe financial statements (including the risk of overrlde of controls), and determined that the principal risks were related to posting inappropriare journal èntries and management bias in certain accounting esrimates and judgernents. Audir procedures performed by the engagement team included.. Inspecting correspondence with appropriate regu13tors and tax authorities- Discussions with management includingconsideratson olknown orsuspected instance5 of non-compliance with laws and regulation and fraud-" Evaluating manageTnent' s controls designed to prevent and detert irregularities,- Review ofminutes of meetings to identify expected material amounts of voluntary income., INDEPENDENT AUDITOR'S REPORT TOTHE MEMBERS OF GLOBAL CHARITIES Ideniifying and tesiing journals. in panicular journal entries posted with unusual account combinations, postings by unusual users or wilh unusual descriptions.. and challenging 3ssumptions and judgements made by management in theircritscal accounting estimate& Because of the inherent limitations oran audii there is a risk rhat we will notdetect all irregularits'es, induding those le3ding to a material misststement in the financial ststements or non-cornpliance regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflerted in the financial ststements, as we will be le55 likely to become aware of instantrs oFnon-compliance. The risk is also greater regarding irregularitie5 occurring due to fraud rather than error. as fraud involves intenrional concealmen¢ forgery, collusion, omission or rni5representatiorL A further description of our responsibilities for the audit of.the financial statements is located on thè Financial Reporting Council's website aL' . This description fornis part of our auditor's reporL Use ofour report This report is made solely to the charitsble company's members, as a kndy. in accordance wth Chapter 3 of Part 16 of the Companies Act 2006. sertion 44(1)[c) of the Charities and Trustee Investment (Scotland) Act 2005 and regulatton 10 of the Charities Accounts (Scotland) Regulations 2006. Ourauditwork has been undertaken so that we might state to the charitable company's members those matters we are required tostate to thern in an Auditorfs report and for no other purpose. To the fullest extent permitted iiy law. we do nOtacceptorassun￿ responsibility to anyone other than the charitablecompany and the£haritable cornpany's MeM￿[S as a bodyi for ourauditworK For thi5 iepot( or for the opinions we have formed. Siobhan Holmes (Senior Statutory Auditor) For and on behalf ofHaysmacintyre LLP. Sraturory Auditors Date- 30 September 2022 10 Queen Srreet Place Ix)ndon EC4R IAG 21 GLOBAL CHARITIES (A company limited byguarantee) CONSOLIDATED STATEMENT OF FINANCIAL A￿l￿TIEs (IncoTporating the Income and Expenditure Account) . FOR THEITARENDED 31 MARCH 2022 . Unrestricted Restrirted Funds Funds Total 2022 Total 2021 Notes INCOME FROM: Donations and legacies Donations Grants Donared seThices.. Global Media GToupServices Ltd Donated rnedia 1.583.294 243 1.583.537 1,975.275 1,560,073 33.660 627.571 39,264 384.105 39.264 384.105 Total donatior15 & legacie5 2,006,663 243 "2,006.906 4,196.579 Othertrading activines Evenrs Global Charities (Trading) Investments 104.901 726.125 7.624 104.901 876,125 7,624 33.0.69 642.414 io,ioo iso.000 TOTAL INCOME 2.845.314 150.243 1995,557 4.882.162 EXPENDITURE ON: Raising funds Donations Fundraising events and othertrading Charitable actlVLties: Grdnts Donared goods and seryices Direct Delivery 323.985 279.621 323.985 279,621 433.780 313.340 2.425.964 423.369 394.272 150.243 2.576,207 2.359.309 423,369 661.231 394,272 359,102 TOTAL EXPENDITURE 3.847.211 150.Z43 3.997,454 4.126.762 Transfers ￿tween funds 16 NET (EXPENDITURE)/INCOMEand NET MOVEMENTIN FUNDS 9 (1.001.898) (1.001.899) 755.400 RECONCILIATION OF FUNDS: Total funds brought forward .16 3.203,055 3.203,055 2.447,655 Total funds carried forward 2.201,157 2.201,157 3.203,055 The accompanying notes fom part of these fina￿la1 ststements The statementof financièl athvities includes all gains losses recognised in the year. All income and expenditure derive frorn continuing attivities. 22 GLOBAL CHARITIES {A company limited byguarantee) CHARITYSTATEMENT OF FINANCIAL ACTIVMES (Incorporating the Income and ExpeDditure Account) FOR THE ￿AR ENDED 31 MARCH 2022 Unrestrirted Restrirted Funds Funds Total 2022 Total 2021- Notes INCOME FROM.. Donallons and legacies Donations Grdnts Donated services- GMCSL Donated media Othertrading activities Events Investments 2.149.IMO 243 2,149.283 2.319.182 .1.560,073 33.660 627.571 39,264 384.105 39.264 384.105 104.901 7.53S 104.901 7.535 33.069 10,028 TOTAL INCOME 2.684.845 243 2,685.088 4.583,583 EXPENDITURE ON: . Raising funds Donations Fundraising events and other trading Charitable activities: Grants Dona*d goods and seThices Direct Delivery 323.985 (30.758) 323.985 (30.758) 433,780 14,761 2,575.964 423.369 394.182 243 2,576.207 423,369 394,182 2.359,309 666.231 359,102 TOTAL EXPENDrruRE 3.68&743 243 3.686,986 3,828.183 Transfers between fvnds 16 (EXP£NDITURE)/INCOMEand NET MOVEMENT IN FUNDS (1,002.230) (1.001.987) 755.400 RECONCILIATION OF FUNDS: Total funds brought fOr￿ard 16 3,203.054 3.203.054 2,447.655 Total funds ￿TrIed forward 2,201,157 2,201.157 3.203.055 The accompanying notES forrn part of these financial statement& The sts¢ement of financial activiries includes all gains and losses recognised in the year. All incorne and expenditure derive from continulngaLiiviii¥ 23 GLOBAL CHARITIES (A company limited by guardDtee} Company Number.Q4359098 CONSOLIDATED BALANCE SHE AT31 MARCH 2022 FIXED ASSETS 2022 2021 Nores Tangible fixed assets li 6.743 Jl.243 6.743 11.243 . CURRENT ASSETS Debtors Cash at bank and in hand 13 116.95Z 4.143.213 99.886 4.000.614 4.260.165 4,100,500 CREDITORS.. amounts falling due within one year 14 (2.065.755) (908,686) NET CURRENT ASSETS 2.194,411 3.191.814 TOTAL ASSETS LESS CURRENT LIABILITIES 2.201.157 3.203,055 CREDITORS- amounts falling due afterone year 15 NET ASSETS 2.201.157 3.203,055 CHARITY FUNDS Restrricted funds Unre5tr)cted funds 16 16 2,201.157 3.203,055 TOTAL FUNDS 2.201.157 3.203.055 The financial statements were approved and 3uthorised forissue bythe trustees on 30 SepteM￿r2022 and signed on tbeir behalf by.. loanne KenritK Chalr The accompanying notes form part ofthese financial sratement& 24 GLOBAL CHARITIES (A cotnpany limited by guaTant¢e) Company Number: 04359098 CHARITY gALANCE SHEET AT 31 MARCH 2022 2022 2021 Notes FIXED ASSETS Tangible fixed assets Investmenrs li 12 6.743 11.243 6,744 11,244 CURRENT ASS￿5 Debtors Cash at bankand in hand 13 916.259 3.309.812 515,340 3.553.596 4.226.071. 4.068.936 CREDrroiis." arnounts falling due . within one year 14 12.031.661) (877,1251 NET CURRENT ASSErs 2.194,410 3,191,811 TOTALASSETS LESS CURRENT LIABILITIES 2.201,154 3.205,055 CREDrroR5: amounts falling due afterone year 15 NET ASSETS 2.201,157 3.203,055 CHARITY FUNDS Restricted funds Unrestricted fvnds 16 16 2.201.157 3.203.055 TOTAL FUNDS 2.2Ql.157 3.203,055 The financial statements were approved and authorised for issue by the trusrees on 30 Seprember 2022 and signed on theirbehalf by.. Joanne KenriclL (l￿1r The accompanying notes form partof these financial statements. GLOBAL CHARITIE5 (A tompany limited by guarantee) GROUP CASH FLow￿ATEMENT FOR THEYEARENDED31MARCH2022 Total furtds 2022 Total fund5 2021 Cash flows from operatlngactivltles 134.97S [1,040,091) Cash flows from investing activities: Dividends. interesr and rents from investments 7.624 io.ioo Net cash provideil by (used in) investlng actlvlties 7,624 io,ifjo Increase/(decrease) in cash and (ash equivalents ID the reporting period 142,599 {1.029.991) Cash and cash equivalentsat the beginning of the reportin8 period 4.000,613 5,030.604 Cash and cash equlvalents at the end of tbe reportln8 period 4,143.212 4.000.613 2022 2021 Recontiliation ofnet movement in funds to￿5￿ flow frotn operating activities Net movement in funds Depreciation charges Ilncre3se}Idecrease in debtors IDecrease)ILncrease in creditors Interest and Dividends .(1.001.899) 4,500 (17.066) 1.157,064 (7,624) 755,400 4.500 366,438 [2,IS6,330) [io.ioo) Net ￿sh provided by/(used) In investing actlvlties 134,975 (1,040.091) Analysis of cash and cash equivalents 2022 2021 Cash in hand 4.143.212 4.000.613 Total cash and cash equ5valents 4.143.212 4,000,613 Ar 31 March 2021. the Charity held £4.Im in cash. £1.93m of this relate ro granrs ro be paid out Analysis ofihanges in net debt At l April 202.1 Cash flows At31 March2022 Cash & cash equlvalents- Cash Overdrafts 4.000.613 142.599 4.143.212 Total 4.000,613 142,599 ' 4.143.212 26 GLOBAL CHARITIES (A torripany limited byguardnt¢e) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 20Z2 ACCOUNTING POLICIES Basis ofpreparation The financial statemenrs have been"prepared in accordance with Accounting and Reporbng by Charities.. StstementoF Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP 2015 (Second Edition, effective I january 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Global Charities meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost ortransaction value unless othen¥ise stated in the relevant accounting policy note& Going concern Covid-19 has impacted fundt3ithng from the xnnual Wdla dinner, Make Sorne Noise Night The business plan has been created removing this from our targets until li is achievable to reinrroduce ihe event Given the charitsble company's favourable fundraising record through Global's platftsrms. and the level of fvee reseTves available at th.e year end, the Trustees consider rhat the charitsble company has adequare resources to conunue in operational existence for the foreseeable fvture. A¢cordingly. the financial statements have been prepared on a going concern basi* Statemen¢ of<4sh flows The charirable company's cash flow statement reflects the preseniatiort requirements of FRS 102. Basis of consolidation The financial staternents consolidate the results of the charity and its wholly owned subsidiaries Global Charitie5 (Trading) Limited on a line-by-line basis. Company status The company is a private company limited by guarantee incorporated in England and Wales. The members of the COTnpanyare the Trustees named on page l. in the eventofthe cornpany being wound up. the liability in respett ofthe guarantee is limited to £1 per member of the company. Fund accounting Restricted funds are funds which are to be used in accordance with specific restricknons imposed by donor5 or which have been raised by the Charity for particular purposes. The costs ofraisingartd adminisrering such funds a￿ charged a8ain5t the specific fund. The aim and use oFeach re5trirted funds are set out in the note5 to the financial statements. Income All income 15 included in the statementof financial activities whenthe Charity ha5enlit]ement to the fijnds. probability of receiptand the amountcan be measuredwith sufficient reliability- 27 GLOBAL CHARITIES (A company limited byguarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNTING POLICIES (contlnued) Donated services or Facilities. which comprise donated services are included.in income at a valuation which is a e5tirnate olthe value ofthe gift to the charity. Income tax recoverable in relats'on to donations received under GiftAid ordeeds of covenant is recognised atthe llme of the donation. Income tsx recoverable in relation to investment it)come is recognised at the time of the investsment income is recejvable. Government grant income. including CIRS gran¢ is recognised at the time the grant is receivable. Funthons and events consist of the income frorn the various ￿ndraising activitie5 carrhed out by the Charity. These are recognised when the Charity is legally entitled to the income and tho amount can be quantified with reasonable accuracy. Where a campaign. eventortrek spans the yearend income is recognised in the period in which the event comrnenced_ The remainder ofany income received in the year relating to events occurring postyear end is deferred and held on the balance sheet until released to income when the eventoccurs. Global Charities (Trading) limited includes the income from non-charitsble acti¥ikn"è5 and is induded in the period in which the group is entided to receipt or provision ofthe related goods orservi Expenditure Expenditure is accounted for on an attru31s basis and has l*en induded under expense categorie5 that aggregate all costs for allocation to activities. Where costs cannot be -direcdy attribured to particular activities they have been allocated on a basis consistent with the use of the resources. Expenditure on raising donations (fundraising costs) are those incurred in5eeking voluntary contributions and do not include the costs of disseminats.ng inforniation in support ofthe charitable activities Expenditure onevents and tradingactivities include frjnctionand events costs. fundraising staff and 5UPPOrt Costs, and publicity costs. Where a carnpaign. eventor trek spans theyear end. the associated costs are recognised in the period in whith rhe eventcommenced. Grants payable are charged it) theyearwhen the offeri5 made exceptin those cases where the offeris conditional. such grants beingrecognisedasexpenditure whenthecondiuonsattachingare fijlfilled. Grants offered subjetttocondirions which'have not been met at the yearend are noted as a commirmenL bur nor accrued as expenditure. Charitable expenditure includes grdnts costs. support costs and goods distributed. which are the estimated costs of gifts in kind donated from companies and individual> Supportstsff costs consist of administrative stsff costs which are 3prA)rtioned to artivities on an artual staff time basis relating to the support aspect of the Charity. grant support costs including the cosrs of prO￿55ing and administering the grants and applicaknons. and support to actual and potential applicants. Governance costs are those incu￿e￿ in ' onnection with administration ofthe company and compliance with constitution31 and s￿￿tr)ry requirements and are apportioned on the same basisas support costs 28 GLOBAL CHARITIES (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 MARCH 2Q22 ACCOUNTING POLICIE5 (continued) Tangible fixed a55ets and depreciatioll All assetscosting more than £l.000 are capitalised. Tangible fixed assets are stated at cott less depreciation. Deprechation is prowded at rates calculated ￿ write off the cost of fixed assets. less their estirnated residual value. over their expected useful lives on the following bases: MotorvehÈcles Computer equipment - 33% 5trdight line - 20% stT3ight line Investments Investments in subsidiaries are valued at cost less priwision forimpairment Taxation The company meets the definition of a charitable company. for UK corpordtson tsx purposes. Accordingly the company is potentially exempt from raxation in respert of income or capitalgains received within categories covered by Chapter 3 Part 11 of the Ctsrporation Tax Act 2010 or Sedion 256 of the Taxaknon of Chargeable Gains Att 1992. to the extentthat such income or gairLS are applied exclusively to charitable purposes Debtors Trade and other debtors are recognised al the settlemept amount due after any_trade discount offered. Prepayrnents are valued atthe amount prepaid netolany trade discounts due. Cash at bankand in hand Cash at bank and in hand indudes cash and short termthighly liquid investment Creditors and provision& Creditor5 and proviSLons are reco8ni5ed where the charity has a present obligation resulting from a past event that will probably result in the transfer 0f￿ndS to a third partyand theamountdue to settle rhe obligation can be measured or estimated reliably. Creditor5 and provisions are norrnally recognised at their settlement amount after allowing For any trade discounts due. Grant liabilities are reco8ni5ed upoTr rdknficats.on by the main Trustee boar￿ of ihe regional panels. recommendation& Employee benefits Short term benefits including holiday pay are recognised as an expense in the period in which the service is received. TerTnination benefits are accounted for on an accruals basis and in line with FRS 102. Pensions The charitable cornpany participates. in the Global Media Group Personal Pension Plan. The scheme is a defined. contriburion arrangement and the company makes age-related contribuions to ihe scheme for parricipating staff. Pension liabilities are charÈed to the ststement of financial activilies asthey fall due. 29 GLOBAL CHARITIES (A company limited byguar4ntee) NOTES TO THE FINANCIAL STATEMENTS ((ontinued) FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNTING POLICIES (continued) Fstimates and Judgement Estimates and judgements are continually evaluated and are based on histOriC31 experience and other fattor5. including expecrations of ￿lure evenrs that are believed to be reasonable under the circumstances. Although these estimates a￿ based on management's best knowledge of the amounL evenrs or actions. actual results may ultimately differ from those estimate& The trustees considervaluation ofinvestments.depreciation and gifts in kind to be subject to estimation and judgement and are discussed above. Flnancial instruments Basic financial instruments are initially recognised ar transaction value and subsequently rneasu￿ atamortised cost with the exception of investments which are held at fair value. Financial assets held at amortised cost comprise cash at bank and in hand. together .with trade and other debtors. A specific provision is madè for debts for which recoverability is in doubt Cash at bank and in hand is definedasall cash held in insrantaccess bank accounts and used as working capiral. Financial liabilities held at amorrised cost comprise all C￿ditorS except social security and other raxes. 30 GLOBAL CHARITIES (A company limited by 8u.arantee) NOTES TO THE FINANCIAL ￿ATEmENTs (conlinued) FOR THEYEAR ENDED 31 MARCH 20Z2 INCOME FROM DONATION5 AND LEGACIES Unrestrirted funds Restrlued funds Total 2022 Donations Grants Donated servi￿S- Global Media Group Ixd Donated airtime 1.583.294. 243 1,583.537 39.264 384.105 39.264 384.105 2.006.664 243 2.006.907 COMPARATIVE PERIOD- 2021 Unrestricted funds Restrlcted fuDds Total 2021 Donations Grants Donated 5ervices- Global Medi3 Group ixd .Donated airllme 1.975.275 60.IOS 33,660 627.571 1.975.275 1.560,073 33,660 627,571 1.499,968 Within Grants, CIRS income received during the year was £Nil (2020121.. E60,105) 2.696.611 1,499.968 4,196.579 OTHER TRADING INCOME Unrestrirted funds Restricted funds Total 2022 Events and Challenge Events Global Charities {TradingJ Limited {note 13) 104.901 726.125 104,901- 876,125 Iso,ooo 831.026 150,000 981,026 COMPARATIVE PERIOD- 2021 Unrestrlcted fithds Restrlcted nds Total 2021 Events and Challenge Events Global Charities (Trading) Limired (note"13) 33.069 642.414 33,069 642.414 675.483 675,483 INCOME FROM INVESTMENTS Unrestrirted nds Restrirted funds Total 2022 Bank interest receivable 7.624 7,624 COMPARATIVE PERtOD- 2021. Unrestrlcted Restrlcted fwids funds Total 2021 io.ioo 'io.ioo 31 GLOBAL CFIARITIES (A company limited byguarantee) NOTES TOTHE FINANCtAL sfATEMENTS {continued) FOR THE YEAR ENDED 31 MARCH 2022 EXPENDITURE ON RAISING FUNDS Unrestricted fvnds Restrirted fijnds Total 2022 Costs of raising donations Staff costs of raising donations Supporteosts 40.544 255,649 27.793 40,544 255.649 27,793 Costs of tradingand events Staff costs of tradingand events Support costs 113,827 141,807 23.987 113,837 141.807 .23,987 603.607 603,607 COMPARATIVE PERtOD- 20ZI Unrestricted funds Restricted n(ts Total 2021 Costs o(raisin8donations StafFc05ts of raising donatsons Support costs 78.539 324,206 31.035 78,539 324,206 31.035 Costs of trading and events . StafFcosts of trading and events Support costs 191.928 102,298 19.114 191,928 102.298 19,114 747.120 747,120 GRApifs TO ORGANISATIONS T¢)tal 2021 Number 2022 Number Grdnts by projert area Bereavement Disability 39.356 734,245 314.319 275,669 300.525 148.388 202.653 100.093 116.034 344.925 io 36 26 22 22 187.120 42B,220 422,722 Ml.575 353.815 143.857 80,000 90,000 loo.000 72.000 ￿￿,000 21 "iackof Opportunity Mentsl Health Carers DomesDc Abuse Homelessness Poverry Loneline55 & Isolation Other 71 2.576.207 145 2359.309 A lisr oFgrants madè to different institutions is available on htt www.niake 2022- 32 GLOBAL CHARITIES (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THEYEARENDED 31 MARCH 2022 GRANTS TO ORGANISATIONS {continued} ZOZ2 zozi Grdnts by appeal DCMS Cornmunity Match Challenge Global Charities 1,425.000 934.309 2.576.207 2,576.207 2,359,309 Grant adjustments. grants rerurned orcancelled 2,576.207 2,359,309 EXPENDITURE ON CHARITABLE ACTIVITIES Grants Direct Staff costs 2022 Dire Support Costs 2022 Total 2022 2022 2022 Bereavement Disability Illness Lack of opportunity Mental Health Carers Domestic Abuse Homele55ness Poverty Lonelines5 &1solation Other 39.356 734.245 314,319 275.669 300.525 148.388 202.653 100.093 116.034 344.925 5.868 109.474 46.864 41,101 M.807 22,124 30,125 14,924 17.300 51.427 4.244 79.169 33.891 29,724 32,404 16.000 21.851 10.792 12.511 37.191 49,468 922,888 395.074 346.494 377,736 186,512 254,719 125,809 145.845 433,543 Direct Delivery 97.083 58.676 155.759 Charitable artivities 2.576.207 97.083 442.780 277,777 3,393,847 33 GLOBAL CHARITIES (A company limited byguarantee} NOTES TO THE FINaNCIAL STATEMEPfTS (continued) FOR THE YEAR ENDED 31 MARCH 2022 Grants Dirert Staff costs 2021 Dirert Support Total 2021 2021 2021 2021 Bereavement Disability Illnes5 Lack of opportunity Mental Health Carers Domestic Abuse .Homelessness . Poverty Loneliness &1solation Other 187,120 428.220 422.722 441.575 353.815 143.857 80.000 90,000 loo,000 72.000 40.000 49.774 113.906 . 112.443 117,458 94.114 38,226 21,280 23.940 26,600 19,152 10,640 15.390 35.219 34.767 36.317 29.100 11,832 6.580 7,402 8.225 5.922 3.290 252,284 577.345 569.932 595.350 477,029 193.955 107,860 121.342 134.82S 97.074 53.930 Direct Delivery DCMS 89.592 74.968 34,156 123.748 74,968 Charitable artivities 2.359.309 164.560 661.729 194,044 3,379,642 SUPPORT cO￿s Totsl 2022 Total 2021 Staff costs Auditors. remuneration Otherservicès [corporation tax). External Consultants Other supportcosts 307,472 ii.ioo 203,250 9,563 925 10.985 30.453 329.557 244.191 NET MOVEMENT IN FUNDS Total 202Z Total 2021 This is stared aftercharging.. Auditors, remuneration Auditors, remuneration- nonaudit fees Pension costs ii,ioo 10.488 29.929 30,837 During the year. no Trustees received any remunerètioTh benefits in.kind or reirnbursement OF expenses (2021 . £Nil). GLOBAL CHARITIES (A company limited by guarantee) NOTESTO THE FINANCIAL StATEMEpifs (continued) FOR THE YEAR ENDED 31 MARCH 202Z Total 202Z Total ' 2021. The averdge monthly number of ernployee5 during theyear was= Number Number Fundraising Grantand community programmes Charity rnanagement and administration io 18.3 17.5 The nurnberof higher paid employees was= £60,000- £70,000 £70.001- £80,000 E80.001- £90,000 £90,001- £100,000 £ioo.ooi - £iio.000 EIIO.001- £120.000 10. STAFF COSTS 2022 2021 Wages and salaries Social security Costs Other pension costs 661.24S 68.854 30.210 691,559 72,866 29,890 760.309 794,315 Key management personnel comprise the senior managernent ream. The total employee remuneration ofthe key managemeni personnel of charityand the group weTe £405,685 [2021= E290.768). During the year. £49,812 {2021= £45.718) was paid by the charity but reimbursed by Global Media in respect of work unrelated to the chatity's operatio During the year. £nil [2021.. £1.246] was paid in rtatutory redundancy payments and £nil (2021.. £16.500) in contractual payments in lieu. 35 GLOBAL CHARITIES (A company limited by guarantee) NOTES T'O THE FINANCIAL ￿ATEmENTs (continued)I FOR THE YEARENDED 31 MARCH 2022 11. TANGIBLE FIXED As5￿5- GROUP AND COMPANY omputer equipment Total Cost At l April 2021 Addirions 22.493 22.493 At31 March 2022 22.493 22,493 Depreciation At l April 2021 Charge for the year 11,250 4,500 11.250 4.500 At 31 March 2022 15,750 15,750 Net Book Value At 31 Marth 2022 6,743 6.743 At 31 March 2021 11.243 11.243 12. FIXED ASSET INVFSTMENTS COMPANY Total Total Z022 2021 At the balance sheet date. the assets and liabilities of Global Charitses {Tradingl Limired comprise.. Current assets Debtors & other currentassets Cash at bank and in hand Creditor5 falling due within one year 108,161 833,400 {941.561) 76,468 447,017 '{523,484) .Net assets The net results of Global Charities (Trading) Limited were.. Totsl 2022 Total 2021 Turnover C05tof Sales 876,035 (292.497) 64.2.414 (294.226) Gross Proflt .Administrabve expen5e5 583,538 [17.882). 34B.188 [4.353) OperatlngpTofit Interest receivable 565.656 90 343.835 72 Profit before taxation Gift-aid payment 565.746 [565.746) 343,907 [343.907) Retsined profit forthe year 36 GLOBAL CHARITIES (A company limited by guarantee) NOTESTO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022 Global Charities owns the whole of the issued share capital of Global Charities (Trading) Limited, a company incorporated in England and Wales (Company Nurnber= 04374705) which carrie5 on the business of arran8in8 producr sales and other fundraising event> The investmenL which consists of l ordinary- share of £1. is shown atcost In the opinion of the Trustees the aggregate value ofthe share in artd amouT)ts owing from Global Charibes (Trading) Limired is not less than the aggregare of the amounts at which those assets are 5tsted in the Global Charitie5 balan￿ sheet. Atthe year-end £565.746 was due from Global Charitie5 (Trddin&l IAmited (2021: E343.907). 13. DEBTORS Group Company 2021 2022 2021 2022 Trade debrors Amounts undertakings Other debtors Prepayments and accrued income 90.262 83.914 .3.405 907.468 11.996 491.922 wed by group 2.064 13,908 2.064 9.358 26.691 5.386 116.953 99.886 916,259 515.340 14. CREDITORS: amounts falling due within one year Group Company 2022 2021 2022 2021 Trade creditors Other taxation arwj secunty Amounts companies Other creditors Grant creditors 'Accruals and deferred income 518 56,514 social 31.155 23.421 31.155 owed group 59,853 1.943.127 14.7M 43.949 813.780 19.803. 59.781 1,934.127 12.333 13.S87 813,780 19.603 2.065.756 908.687 2.031,661 877.128 outs￿ndIng pension liability atyear end.. £21.421 (2021: £7,016). Deferred income ai31 March 2022 relates to income received in advance of3 numberof projects and fundraisin8 events to be held in the year endin8 31 March 2023. Deferred incoTne brought forward from 31 March 2021 forthe groupwas £4.830 (£harity.' £4,830) which was all released to rhe income and expenditureaccountin theyear. Deferred incometarried forvrdrd at31 Mardi 2022 forthe group L5 £13.980 (Charity.. £13.897. Trading.. £83). 37 GLOBAL CHARITIES (A company limited by 8uanntee) NOTES TO THE FINANCL4L S7ATEMEKfs [contiDued) FOR THE YEAR ENDED 31 MARCH 2022 15. STATEMENT OF FUNDS GROUP Transfer between Carried funds ' fonvard Brought forward Income Expendi￿re Unrestrlcted funds Reserves Designated fund (CYP grant supp)rt) Designated fund (2019 charities) Designated fund (IT projert) Designated Fund (grant support) Designated fund (strate￿] General funds (undesignated) 871.282 348.000 819.064 40,000 730.957, (ioo,000) 181 771.282 348.181 211.909 607,155 40,000 loo.000 99,970 35.000 35,000 [35,181) 647,748 730,98,7 393.751 2.845.314 2.556.135 General funds- all fund5 3.203.054 2.845.314 3.647,212 2.201.157 Restrirted funds Restricted fund5 Restritted fund IDCMS CMC) 150.243 150,243 Total funds 3.203.055 2.995.557 3.997.455 2.201,157 COMPARATIVE PERIOD 2021 Transfer between funds Brought forward Carried fonvard Income Expenditure Unre5trirted funds Resetves Designated fijnd (CYP grantsupport) Designated fund [2019 chaririesj Designated fund [IT projert) Designated fund Igrant support) General funds 861.180 388.000 1.188.373 io,ioz [40.000] 871.282 348,000 819,064 40,000 730.957 393.751 369.309 40,000 730,957 - 2.651.236 2.257.485 Total unresrricted funds 2.437.553 3.382.193 2.626.794 10,102 3.203.055 Restricted fvnds Restricted funds Restricred fund (DCMS CMC) 10.102 (10,102] 1.499.968 1.499.968 Total fvnds '2,447.655 4,882.161 4.126.7.61 3.203.055 The purEK)5e of each fund is explained within the Reserves policy (page 10). 38 GLOBAL CHARITIES (A company Ilmited by guarantee) NOTES TO THE FtNANCtALSTATEMENTS (contiDued) FOR THEYEARENDED 31 MARCH 2022 16. ANALYSIS OF NET ASSEfs BETWEÈN FUND5- GROUP Unrestricted funds Restrirted fuDds Total 2022 Fixed a￿ets Currenr assets Creditors due within one year Creditors due afteroneyear 6.743 4.260.166 {2.065,755) 6.743 4,260.166 (2,065.755) 2.201.154 2.201.154 COMPARATIVE PERIOD- ZOZI Unrestrirted funds Restrirted funds Total 2021 Fixed Assets Current 3ssers Creditors due wthin oneyear Creditors due after one year 1 11.243 4.100,SOO (980,686) 11.243 4,100.500 (980.686) 3.203.OS5 3,203,055 17. PENSION COMMITMENTS The charitable company participates in the Global Media Gmup Personal Pension Plan. The scheme is a- defined contribution arrangement and the company m3](es age-related tontributions to the scheme for participating staff. The toral pension cost to the Global Charities 8roup for the year was £30,210 (2021.. É29.890).Outst3nding liability at the year-end E4.168 [2021 £7.016}. 18. RELATED PARTY TRANSACTIONS The ultimate control ofthe Charity 15 vested in its members ofwhich there 15 one. Global Media Group Servi￿$ Limited. A number of tra1￿CtiOnS have tsken place with Global Media in the year as well as recharge5 inthe normal course of lyJsiness. Global Media Group Service5 Limited also donared services and facilities to the v31ue of£39.264 (2021: £33,660J. Amounts owed by GMGSL atyear end amounted. to £59.781 [2021.. £26.778} A valuation of programming air-time and SOLial media activity provided by Global Media has also bèen included due to the integrated nature of the Charity's on-air content with stah.on on-air content in programming time. Ithasbeen valued at £384.105 [2021.. £627.S71)- 39 GLOBAL CHARITIES [A cotnpany litDited by guaranlee). NOT.ES TO THE FINANCIAL.￿ATEmENTs (contlnuedj FOR THE YEARENDED 31 MARCH 2022 19. PRINCIPALSUBSIDIARIES Company Name CwDtry Percentage shareholding Global c.harities (Trading) limited Llnited Kingdorn loo% 40