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Registered number: 04359098 Charity number: 1091657 (England and Wales) Charity Number: SC041475 (Scotland)
Global Chari�es
(A company limited by guarantee)
Annual Report and Financial Statements
For the year ended 31 March 2025
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GLOBAL CHARITIES (A company limited by guarantee) REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
| Contents | Page |
|---|---|
| Reference and administra�ve informa�on | 3 |
| Trustees’ report | 4-20 |
| Independent auditor’s report | 21-25 |
| Consolidated statement of fnancial ac�vi�es | 26 |
| Charity statement of fnancial ac�vi�es | 27 |
| Consolidated balance sheet | 28 |
| Charity balance sheet | 29 |
| Group cash fow statement | 30-31 |
| Notes to the fnancial statements | 32-45 |
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GLOBAL CHARITIES (A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE INFORMATION
| Trustees Registered Company Number: Registered Charity Number: Registered Ofce: Senior Management Team Auditors Bankers Website |
Dena McCallum Ulrika Högberg Sally Cairns Marcia Asare Shalni Sood Jennie Stubbs (resigned 18.09.24) Sally Ardis David Bletso Greg Levine (appointed 18.12.24) Mickelle Roberts (appointed 17.01.25) Zoe Cadman (appointed 17.01.25) 04359098 1091657 30 Leicester Square London WC2H 7LA Suzanne Ryder Richardson Jennifer Farge Debby Mulling Stuart Campbell Jasmine Morgan (appointed on 01.04.24) Amy Lancaster-Smith (resigned on 13.05.24) Moore Kingston Smith LLP 6th Floor, 9 Appold Street London, EC2A 2AP Barclays Bank 27 Soho Square London W1D 3QR www.makesomenoise.com h�ps://global.com/global-goodness/ |
|---|---|
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GLOBAL CHARITIES (A company limited by guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025
INTRODUCTION FROM THE CHAIR
over £3 million in grants to 64 small local chari�es across the UK who provide vital support in their communi�es in the areas of homelessness, mental and physical health, life skills, and loneliness. This is a 20% increase from 2023/24 in funds awarded, suppor�ng impac�ul two-year projects for 46 charitable organisa�ons as well as providing core funding for a further 18 chari�es in cri�cal areas such as staffing, infrastructure, and service delivery. We es�mate that this funding will directly benefit more than 22,300 individuals, with a further 54,300 benefi�ng indirectly.
Despite a challenging year from a fundraising perspec�ve, I’ve been con�nually inspired by the crea�vity and resilience of our team as they found new and innova�ve ways to generate increased income. Diversifying our income streams remains a top priority as we look to the future. We are focused on building new partnerships, launching fresh events, and exploring bold and sustainable fundraising opportuni�es.
I was also delighted to welcome three new Trustees this year: Greg Levine, Zoe Cadman, and Mickelle Roberts. Their exper�se and energy have already brought valuable new perspec�ves to our Board. I would also like to extend my hear�elt thanks to Jennie Stubbs, who stepped down this year a�er many years of dedicated support as a Trustee.
for their services. We made important changes to our grant-making process, enabling us to distribute funds far more quickly than in the past. Our partner chari�es now receive confirma�on of their grant amounts, and the funding itself, within just a few months of applying. This faster turnaround means they can be�er plan and deliver their vital services.
Our ability to make these grants possible is thanks to the extraordinary generosity of the public, our corporate partners, and Global. Thank you to the individuals who donated, fundraised, generously volunteered their �me, and took on personal challenges from marathons to Spencer Ma�hews’ world record breaking desert run(!); we are truly grateful for your support.
We are also deeply thankful to our corporate partners, with special recogni�on to Furniture Village, our Headline Partner, for their con�nued and generous support. We are delighted that they have found in Make Some Noise, and the chari�es that we support, another meaningful way to connect with their colleagues and customers.
Enormous thanks also go to everyone across Global, who gave their �me, talent, and energy to support our fundraising and awareness campaigns as well as our learning and development efforts. A special men�on must go to the brave celebri�es who took on bold, headline-grabbing fundraising challenges, from ambi�ous bike rides to unicorn pedalo adventures. Your dedica�on, support and energy are inspiring and so much appreciated! With the help of Global’s incredible pla�orms, we’ve also been able to raise vital awareness of the issues we are addressing across the UK. Addi�onally, we were proud to host a Learning and Development Day, bringing together our charity partners to share skills and insights and build their long-term resilience.
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GLOBAL CHARITIES (A company limited by guarantee) TRUSTEES’ REPORT (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
INTRODUCTION FROM THE CHAIR (con�nued)
But to con�nue this work, we depend on the ongoing generosity and belief of our supporters and partners. In the year ahead, our goal is to be able to say “yes” to even more small chari�es seeking our support, and that ambi�on drives us every day.
you to our supporters and friends for standing with us and making this happen.
Dena McCallum Chair of Trustees
OBJECTIVES AND ACTIVITIES: WHAT WE DO
Global Chari�es’ Aims
Global’s Make Some Noise is the opera�ng name of Global Chari�es (the “Charity”).
Global’s Make Some Noise funds life changing projects delivered by small chari�es, making a real difference in communi�es across the UK. The Charity’s mission is to ensure that nobody has to face life’s toughest challenges alone.
radio brands including Capital, Heart, Classic FM, Smooth, LBC, Radio X, Capital XTRA and Gold, as well as Global’s extensive outdoor adver�sing por�olio and podcasts por�olio. Through these channels, the Charity raises money and raises awareness for some of the biggest issues affec�ng society today. In addi�on, the Charity works with outstanding partners, generous donors and courageous fundraisers to help raise vital funds and spread its message.
The Charity’s aims are to support small chari�es that relieve poverty, hardship or distress and promote the physical or mental or general welfare of children, young people and adults in need of care and a�en�on in the UK. The Charity delivers these aims by funding grants and raising awareness under four key pillars: homelessness (providing shelter and safety), suppor�ng physical and mental health, improving life skills, and loneliness (preven�ng isola�on).
Mission and Strategy
Our mission is to ensure that nobody in the UK is le� facing life’s toughest challenges alone. We deliver that mission through four key pillars:
- Homelessness - Providing shelter and safety - A safe home is essen�al, yet millions of people don’t live in one. We work with small chari�es that exist to support those who have no op�on but to live on the streets, in temporary accommoda�on, or in unsafe or overcrowded houses.
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GLOBAL CHARITIES (A company limited by guarantee)
FOR THE YEAR ENDED 31 MARCH 2025
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Supporting physical and mental health - We fund crucial services to ensure people can access the support they need to feel well. This includes funding hospice and care services, mental
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for those living in poverty.
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Improving life skills -
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into employment.
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Loneliness - Preventing isolation - We recognise how vital it is for people to be connected, so
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people together to build a sense of belonging, as well as providing access to devices that
raising allows us to deliver our mission:
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Awareness, to generate much needed publicity and support
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Grants, to fund vital services and equipment
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GLOBAL CHARITIES (A company limited by guarantee) TRUSTEES’ REPORT (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
OBJECTIVES AND ACTIVITIES: WHAT WE DO (con�nued)
Global’s Make Some Noise has given money, a voice, and learning and development opportuni�es to 143 small chari�es this year in communi�es across the UK. This total includes:
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selec�on, to support their programme for the next two-years ahead
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to be supported by a 3[rd] year grant
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Con�nued support to 79 chari�es with their on-going project funding, awareness raising, and learning and development programme
talent, and client base to raise essen�al funds and awareness for the chari�es it supports. We also work closely with Global employees, known as ‘Globallers’, to tap into their skills and experience, crea�ng valuable training and development opportuni�es for our small charity partners. Global Media and Entertainment is the UK’s largest Radio and Outdoor Media company, reaching 51 million individuals across the UK every week, including 29.2 million on the radio alone, giving the Charity the opportunity to spread its mission far and wide.
The Charity works closely with Global’s individual radio brands to develop fundraising strategies that we know will best engage the audiences, ensuring maximum impact. We con�nue to focus on growing brand awareness of Global’s Make Some Noise and innova�ng our fundraising streams, both inside and outside of Global, in order to support small chari�es that are in need of financial help and align with the Charity’s four pillars.
ACHIEVEMENTS AND PERFORMANCE
In 2024/25, the Charity raised £4,464k (excluding interest income) (2023/24 £3,228k) and received interest income of £187k (2023/24: £169k).
The Charity addi�onally recognised £2,113k (2023/24: £2,076k) in Gi�s in Kind (GIK) from Global, giving a total group income of £6,764k (2023/24: £5,473k). In the previous year, we undertook a review to understand the full valua�on of the Gi� in Kind received from Global. That review gave be�er clarity on the value of Global’s generous support, which we have con�nued to reflect in this year’s figures on a similar basis. Our Gi�s in Kind support allows us to drive awareness of the chari�es and the projects we are suppor�ng by leveraging the power of Global’s pla�orms to highlight key issues that o�en don't get the a�en�on they deserve. Global supports the Charity with storytelling, with an opportunity to tap into Global’s audience of 51 million a week across the commercial radio pla�orms, Global Player, and Global’s outdoor media. Addi�onally, Global’s support allows us to deliver our Learning and Development programmes and engage key partners to support our fundraising.
Fundraising ac�vi�es fall into four major income streams – Brand Campaigns (on Global’s radio pla�orms), Corporate Partnerships, High Value Events and Major Giving, Challenge Events and Community Fundraising.
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GLOBAL CHARITIES (A company limited by guarantee) TRUSTEES’ REPORT (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE (con�nued)
Whilst we pursue opportuni�es to raise money across the year, our main fundraising moment was our Appeal week in October 2024, when we brought the na�on and Globallers together to raise awareness and money across the Global pla�orms.
Highlights from Appeal include Heart’s presenter challenge, Amanda Holden’s ‘Big Ride to Work’, which created a significant amount of PR coverage and social content outside of Global’s channels. The challenge was featured across print, social media and TV, and was sponsored by Universal’s movie Wild Robot. Heart Scotland also undertook a challenge with Des Clarke’s ‘Great Walk to Glasgow’, sponsored by Digby Brown.
weather on a unicorn pedalo (‘Tarrant vs The Thames’), which was championed by Chris Moyles whose audience drove much of the income. The ac�vity was challenging to deliver due to several last-minute weather-related issues but hugely successful. The ac�vity was sponsored by Domino’s Pizza.
Classic FM’s Dan Walker went on a ‘Coast-to-Coast’ cycle challenge to raise money and showcase some of the projects that we support. This challenge was supported by Viking – their third consecu�ve year of support.
Capital focused on promo�ng text-dona�on prizes, including holidays and desirable tech. Prizes were a significant fundraising mechanic across all radio sta�ons. Capital presenters also ran an 'All-Day Breakfast,’ featuring challenges for Jordan North, sponsored by Quaker Oats.
Smooth Radio’s Tina Hobley took on 'Tina’s Treacherous Trek' earlier in the year.
Corporate partners across the year included our Headline Appeal sponsor, Furniture Village, who also sponsored our Christmas fundraising ini�a�ves. Our generous partners have contributed hugely to our fundraising goals this year, with sponsorship, prize dona�ons, and support for our campaign ac�vity. We are so grateful for their support and love finding new ways of working together that highlight their brand values.
Spencer Ma�hews’ challenge was a highlight in August 2024. His ‘Great Desert Challenge’ saw Spencer run 30 marathons in 30 days in the desert, breaking a world record. The ac�vity was sponsored by Fulfil, raising over £500k.
Another key fundraising moment was in November 2024, when we celebrated our most successful Global’s Make Some Noise Night yet, raising more than £1.3million. The event saw Jessie J and Ed Sheeran join Global’s all-star presenter line-up and was generously supported by Barclaycard. The starstudded event generated income through sponsorship, table sales, a silent auc�on, an entertaining live auc�on, and a stand-out emo�ve pledge moment led by LBC’s James O’Brien and Kate Garraway. We were par�cularly thankful to Stephen Miron for championing this event for us over the past 11 years and look forward to working with Simon Pi�s as new Global CEO.
2025 also saw the return of Radio X’s long-running charity podcast series, ‘Pubcast’, which raised significant amounts of money for Make Some Noise once again.
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GLOBAL CHARITIES (A company limited by guarantee)
TRUSTEES’ REPORT (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE (con�nued)
Outside of the Global pla�orms we were grateful to receive income through areas such as generous legacy dona�ons, partner fundraising, community fundraising ini�a�ves, and challenge events such as the London Marathon.
OUR IMPACT
Grant-making and grants-plus ac�vi�es
In the 2024/25 financial year, the generosity of our supporters enabled us to award a total of £3,090k in grants (2023/24: £2,570k) to small chari�es across the UK and has been allocated as follows:
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£2,957k to fund vital two-year community projects with 46 small chari�es
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£125k in unrestricted grants to 16 chari�es to support their con�nued impact
Our new grants will support over 22,300 people in local communi�es, through vital community projects providing shelter and safety, suppor�ng physical and mental health, improving life skills, and preven�ng isola�on. But the ripple effect goes even further – more than 54,300 addi�onal lives will be touched by this work.
We maintain our commitment to diversity and inclusion, with over 50% suppor�ng people living with disabili�es and illnesses, including mental health; 2% of funds suppor�ng the LGBTQ+ community; and more than 10% directed to help people from ethnic minority backgrounds.
This year's funding has enabled the crea�on of 45+ specialist roles for two years and will provide over 24,000 1:1 support sessions and over 14,000 group sessions, including counselling services, prac�cal support, trauma support and sports sessions for children with special educa�onal needs.
In addi�on to the grant funding, we enhanced the sustainability of our charity partners through our Learning and Development offer and other Grants+ ini�a�ves. We partnered with OMD (a media communica�ons agency) and teams across Global to create valuable capability-building opportuni�es. We have also created an alumni network of chari�es that we have partnered with in the past, through which we offer our small chari�es the chance to learn from their peers and gain valuable connec�ons to further enhance their own impact.
“I just wanted to say thank you so much for the training day yesterday. I’ve come away with some really useful tips and it was so lovely to network with so many other small charities along with yourselves and the industry experts. It was a truly inspiring day”. - Amy, Younger People with Dementia , Project Worker
As men�oned above, we provided 18 chari�es with a small core grant at the end of successfully delivering their two-year projects. The purpose of these core grants was to recognise the challenges the cost-of-living crisis is having on these chari�es’ daily opera�ons and to provide unrestricted financial support to con�nue their vital opera�ons. In addi�on to the 46 chari�es that received new two-year project funding this financial year, we were also proud to con�nue suppor�ng 79 chari�es in their first and second year of project funding, to deliver frontline services within communi�es and to be in a be�er posi�on to navigate the challenges of the cost-of-living crisis.
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GLOBAL CHARITIES (A company limited by guarantee) TRUSTEES’ REPORT (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
OUR IMPACT (con�nued)
This year we received the equivalent of £21k (2023/24: £2k) of gi�s in kind for chari�es and the people they support, including a selec�on of furniture, and �ckets to exclusive events.
Giving a Voice
We take pride in serving as a voice for small chari�es, collabora�ng with Global to shine a light on some of the most pressing issues facing our society. We welcomed beneficiaries on-air to share their stories, championed our charity projects on our website and social media pla�orms, and amplified their stories across all Global media channels. Our partnership with Global and their audiences allows these small chari�es the opportunity to take their stories to new audiences, raising the profile of the cause they are tackling, helping Global audiences to feel connected through their personal experiences, and also reaching those listeners who could benefit from their support.
Chari�es told us that awareness of their charity had increased because of their par�cipa�on in Global’s Make Some Noise appeal ac�vi�es, with some being contacted directly by new people who needed their support, wanted to volunteer, or wanted to support directly a�er hearing about them on the radio. Many of the chari�es involved have provided anecdotal examples of the posi�ve impact the campaign had on their charity, clients and co-workers:
“ The campaign helped build our credibility and opened doors to new supporters, partners, and donors who discovered us through Global’s reach. It also gave us valuable media exposure, and we were able to reach new supporters .” - Allsorts Gloucester
“ Being given greater exposure in the local area through the radio - this introduced our charity to so many people who would otherwise have never heard of us. This increased our social media following and increased dona�ons, and general engagement with us .” - People and Work
Driving Efciency
Where possible, the Charity u�lises Global’s infrastructure. The Charity Team con�nues to operate a hybrid model of working, with 3 days a week in the office. Office costs and equipment are covered by Global.
courses, the team is able to access an online learning portal. Charity staff keep up to date on finance, risk, compliance, safeguarding, and complaint handling processes and procedures. Staff a�end conferences and networking forums as appropriate to ensure they are opera�ng in line with best prac�ce.
Furthermore, to ensure the con�nued engagement with and understanding of Global, all staff a�end a Global induc�on and ongoing company mee�ngs. Goals for the year are set for staff based on the Charity’s business plan and their performance is measured through an annual appraisal process.
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TRUSTEES’ REPORT (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
GLOBAL CHARITIES (A company limited by guarantee)
OUR IMPACT (con�nued)
ac�vi�es, formal and informal repor�ng lines, and networks. The team is also able to join Global staff groups including Diversity and Inclusion networks.
OUR FUNDING IN ACTION: A SNAPSHOT
Below are some examples of the wonderful small chari�es that the Charity supports.
Peaceful Place
Peaceful Place is a vibrant day ac�vi�es service located in Basildon, dedicated to suppor�ng individuals living with demen�a and other cogni�ve impairments. Their mission is to empower members to live their best lives through engaging ac�vi�es that enhance physical, mental, and emo�onal well-being, to ensure every person’s talent, abili�es, and skills are engaged and maintained.
Peaceful Place was awarded £70k to deliver ‘Rhythm of Life’ for two years, a programme providing ‘music therapy’ as a medium to improve the health, wellbeing, and social inclusion of individuals living with early-stage demen�a. By addressing the unique challenges faced by individuals with demen�a, the project fosters inclusion, connec�on, and improved well-being, with music therapy credited for its ability to improve mood and s�mulate memory. With this programme, Peaceful Place aims to counter the nega�ve narra�ve that individuals living with demen�a are “no longer themselves”.
The programme will reach more than 500 individuals over two years, including people like Jane. Jane, 54, a mother of two children aged 14 and 18 (the eldest with low-level au�sm), was diagnosed with a rare form of demen�a affec�ng her eyesight. Overwhelmed by her diagnosis, she a�empted suicide and was referred to Peaceful Place from hospital. Ini�ally, Jane spent two days lying on the CEO’s office couch, crying inconsolably. Music therapy, played through headphones, became a source of comfort during this trauma�c �me. Recognising her needs, Peaceful Place advocated with adult social care, successfully securing a Personal Assistant to help Jane maintain her role as a mother and wife, allowing her to a�end the service three days a week. Through music, dance, and ongoing support, Jane regained her confidence. Now, she joyfully sings at every opportunity, o�en saying, “I love it here.” Her resilience and transforma�on highlight the power of music and advocacy in restoring hope.
Spinal Injuries Scotland
spinal cord injury across Scotland, along with their families and friends. Their vision looks towards a more inclusive society without barriers, giving opportunity for all people regardless of their disability status. A core component of SIS’s work is their peer support programme, which connects individuals with new injuries to others who have faced similar experiences. Their peer support team offers both emo�onal support and prac�cal advice, helping people navigate the complexi�es of daily life a�er an injury. SIS also emphasises the importance of digital inclusion, recognising that technology can play a vital role in overcoming isola�on. By helping members improve access through training or digital tools, SIS empowers them to improve life skills, stay connected, and engage with essen�al services, improving both safety and mental health.
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GLOBAL CHARITIES (A company limited by guarantee) TRUSTEES’ REPORT (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
OUR FUNDING IN ACTION: A SNAPSHOT (con�nued)
SIS was awarded £70k to fund rehabilita�on support for individuals experiencing spinal cord injury. This includes: 1:1 support, group sessions, and separate group support for friends and family members. This will help SIS con�nue delivering key peer-led support to over 800 pa�ents per year so they can rebuild their confidence and adjust to their new physical limita�ons.
Petals
Petals are a na�onal charity founded in 2009. They support parents who have experienced baby loss: miscarriage, s�llbirth, termina�on for medical reasons or neonatal loss and who are in mental health crisis (most commonly anxiety disorders like OCD, trauma-related disorders like PTSD, or depressive condi�ons like post-natal depression). They help parents early in their journey, o�en amid postmortems and care reviews, where psychological care is lacking, and community mental health services don't meet their unique needs and can uninten�onally deepen isola�on. Last year, Petals supported 352 parents through their Open Access Pathway, but were forced to turn away 702 parents as they didn’t have enough funding.
Petals has been awarded £70k to deliver 1:1 and group counselling sessions for two years, providing prac�cal support to parents that have experienced baby loss.
Over 160 individuals will be supported through this programme, including parents like Lucy and Tom. In August 2023, Lucy and Tom were awai�ng the arrival of their baby, Nuala. At 38-weeks, they went into hospital, worried about Nuala not moving, and were faced with the heartbreaking words “there’s no heartbeat.”
Nuala had died but she wasn’t born yet. I could feel her feet s�cking into my ribs and knew they would be there un�l her arrival.” Nuala was born on 5[th] August. “The immense pride and love felt like my heart had burst, but it was also like a horrible nightmare. Our first Petals session was tough, reliving everything, but our counsellor just got us. It was the first �me I’ve seen Tom fully open up about Nuala. Without Petals, there would be many families like ours, le� hopeless and unable to cope with the impact of baby loss on mental health.”
PLANS FOR THE FUTURE
decided to shi� the grantee selec�on process from April, which was ahead of our main fundraising ac�vi�es, to the autumn, to follow our main fundraising ac�vi�es. This adjustment has allowed us to swi�ly allocate grants following successful applica�ons, promo�ng a more responsive approach to decision-making and grant distribu�on.
We maintain a strong partnership with Global and Globallers, ensuring alignment with their assets and priori�es as they con�nue their support of our Charity. Their contribu�on in raising awareness, genera�ng funds, and sharing exper�se and resources remains invaluable.
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GLOBAL CHARITIES (A company limited by guarantee) TRUSTEES’ REPORT (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
PLANS FOR THE FUTURE (con�nued)
Our fundraising ini�a�ves, facilitated through Global's radio brands, events, and partnerships, will con�nue to provide grant awards to support chari�es long into the future. Addi�onally, we are focussed on building new income streams and in widening our supporter base beyond the audiences that currently engage with Global. As part of this we are launching a Growth Advisory Board, with a focus on engaging high net worth individuals, family offices, founda�ons, and corporates to support our mission. The Growth Advisory Board will focus on completely new income opportuni�es, with the ambi�on to enable us to say ‘yes’ to even more small charity grant applica�ons.
Our commitment to small chari�es aims to enhance their sustainability by providing value beyond financial assistance through our Learning and Development offer and other Grants+ ini�a�ves.
Recognising the ongoing challenges these organisa�ons face in revenue genera�on, rising expenses, and escala�ng community needs, we regularly re-evaluate our risk profile, grant criteria, and due diligence procedures.
While we strive for adaptability and responsiveness, we also uphold our responsibility to allocate dona�ons where they can have the most significant impact, honouring the trust placed in us by the public and our partners alike.
FINANCIAL REVIEW
The group’s income from the Charity’s fundraising ac�vi�es for the year was (excluding Gi�s in Kind) £4,651k (2023/24: £3,397k) against related non-grant expenditure of £1,556k (2023/24: £1,407k) and grant awards of £3,090k (2023/24: £2,570k) leading to a surplus of £5k (2023/24: £580k deficit) for fundraising ac�vi�es. The Charity’s fundraising income grew by 37%, with costs increasing by only 11%; grant awards grew by 20% without use of reserves (which were used to support grant making in 2023/24).
The Board of Trustees will con�nue to closely monitor the performance of the Charity’s fundraising ini�a�ves and consider ways of maximising return on investment. Trustees also con�nuously monitor charitable spending ensuring effec�ve use of resources to meet the charitable objec�ves as outlined.
Reserves Policy
Total fund balances carried forward are £1,615k (2023/24: £1,610k), with no designated funds.
The Charity maintains minimum reserves of £875k (2023/24: £695k) to cover 6 months of opera�ng costs, to mi�gate the risk of underperformance of income through circumstances beyond our control. The Charity will con�nue to review this requirement on an annual basis. Although the Charity’s free reserves are currently above the agreed reserves policy target, the charity does not account for poten�al year three grants that it could make to its current grant beneficiaries (on the basis that these are not approved and commi�ed at the year end), but considering that it is likely these commitments will be incurred, the Trustees are discussing implemen�ng a designated fund for this balance going forward.
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GLOBAL CHARITIES (A company limited by guarantee) TRUSTEES’ REPORT (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW (con�nued)
Should a designated fund have been implemented in 2024/25, free reserves excluding these designated funds would have been £831k, which represents a more accurate level of the true free reserves posi�on of the Charity.
Investment Policy
The Charity’s policy is only to consider placing funds into an investment por�olio if excess cash held exceeds £5m. Below this threshold the Charity makes use of short-term deposits (up to 12 months) to maximise interest generated for charitable causes.
Grant-Making Policy
Through Global’s Make Some Noise, the Charity awards grants to eligible organisa�ons to help fund ac�vi�es that enable the Charity to deliver its public benefit objec�ves. The Charity is commi�ed to the highest standards of grant-making governance.
The Charity’s grant-making criteria provide a public statement of ac�vi�es that the Board wishes to support to further the Charity’s charitable objec�ves. The Trustees accept that on some occasions the Charity may make grants outside the published criteria but that in such cases the ac�vity supported will be charitable in law, approved by the Board and in line with our grant making policy.
Charity’s website www.makesomenoise.com. A copy of the full Grants Policy is available on request from the Opera�ons team at grants@makesomenoise.com.
There are no set limits for the Charity grant amounts, but the typical award size is £60-70k for twoyear project grants and £5-10k for core grants, which is in line with our aim to support smaller chari�es. Our average two-year project award this year was £64k.
The Charity is signed up to the Ins�tute for Voluntary Ac�on Research’s (IVAR) open and trus�ng grantmaking principles, demonstra�ng its commitment to reducing bureaucracy, being transparent, and fostering strong rela�onships between the Charity and its grantees.
Key stages in making awards through our standard project grants programme are as follows:
-
Expression of Interest by prospec�ve applicants on the Charity website, www.makesomenoise.com and nomina�ons from Global staff or Charity partners.
-
prospec�ve applicants
-
Shortlisted applicants invited to apply within a stated �meframe, and those not successful informed.
-
Submission of applica�on forms by those shortlisted.
-
Review and assessment of applica�ons by Charity Grants Panels in line with approved grantmaking criteria and risk management.
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Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee) TRUSTEES’ REPORT (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW (con�nued)
The Board and the Grants Panels are guided in their recommenda�ons by the Charity’s Opera�ons team and a list of criteria and condi�ons that ensure that any funds awarded are used in line with the Charity’s objec�ves, and in the best interest of the intended beneficiaries. Charity Partners are required to accept the Charity’s Terms & Condi�ons, complete a project report and provide receipts and other payment details (on request) to ensure all grant monies are spent as designated. Payment of large grant awards are normally staged in instalments, con�ngent on sa�sfactory delivery in line with the Terms & Condi�ons. As funding ends, Charity Partners and their beneficiaries are required to complete a detailed evalua�on which is used in our impact repor�ng.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document and Cons�tu�on
Capital Chari�es Limited was incorporated on 23rd January 2002 and began trading on 29th June 2002. On 4th May 2006 the Charity changed its name to GCap Chari�es Limited. The Charity changed its name to Global Chari�es on 16th October 2008 following the acquisi�on of GCap Media plc by Global Radio Limited in June 2008. Other historical working names include Help A Capital Child, Help A London Child and The Classic FM Founda�on. Since 2014, Global’s Make Some Noise has been the main opera�ng name used.
Global Chari�es is a company limited by guarantee (number 4359098) and a registered charity (number 1091657 – England & Wales and SCO41475 – Scotland). Its governing instrument is its Memorandum and Ar�cles of Associa�on. It does not have issued share capital and, as such, the ul�mate control of the Charity is vested in its members of which there is one, Global Radio Limited. The member delegates the running of the Charity and the safeguarding of its assets to the Trustees who are charged with the governance of the Charity.
Sustainability
carbon emissions. Global is a member of Ad Net Zero, the ad industry ini�a�ve led by the Adver�sing Associa�on, responding to the climate crisis caused by CO2 emissions. Global is part of the drive to reduce the carbon impact of developing, producing and running UK adver�sing to reach net zero by the end of 2030. Internally, the Green@Global group delivers a staff engagement programme centred around our commitments.
responsibility and sustainability programme), driving environmentally responsible changes, promo�ng a culture of sustainable business prac�ce and ensuring that Global is making a difference that ma�ers. 100% of the energy we use at our UK office is from renewable sources and radio transmi�ers are 99% powered by renewable energy sources. Our offices are largely paper-free environments, and we have replaced plas�c bo�les and plas�c food containers with alterna�ve packaging. At events, we have a ban on single use plas�c. Global’s outdoor business has won a number of awards for its commitment to sustainability. This includes the development of a greener vinyl and an aim to increase zero carbon vehicles in its fleet from 10% to 25%. The Charity does not own any vehicles.
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Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee) TRUSTEES’ REPORT (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT (con�nued)
Our Charity products, fundraising and marke�ng materials are made using sustainable, recycled and Forest Stewardship Council (FSC) cer�fied materials where possible. We avoid single use products and select our packaging carefully to avoid unnecessary waste. We work closely with our supply chain to ensure that the factories used are compliant with our Modern Slavery policy and we select providers to minimise distance travelled during transporta�on.
support across Global, with members of the Charity team all having the opportunity to take a role on a commi�ee or access their resources. Many of our staff members have been elected to voluntary posi�ons on Global’s diversity commi�ees including Pride, Families and Women. We track data to ensure that our Charity por�olio is representa�ve of the popula�on, and that we reach out to communi�es who may be marginalised or deterred from applying for a grant.
Global Chari�es’ Commitment to Good Governance
The Board of Trustees use the Charity Governance Code as a tool for con�nuous improvement. The Board apply the principles and follow the recommended prac�ce in all areas of the Code.
Diversity Objec�ves
The Trustees commit to:
-
Annually assessing the Board’s skills, experiences, and diversity of backgrounds, and establishing their needs in achieving more effec�ve decision-making
-
Taking a proac�ve approach in a�rac�ng diverse candidates i.e., ensuring the role descrip�on is bias-free and any vacancies are adver�sed across mul�ple channels, as well as accep�ng that the ‘right’ candidate may take some �me to recruit
-
themselves aware of unconscious bias as well as recrui�ng for poten�al, not perfec�on
-
Ensuring support structures are in place for all Board members such as iden�fying a Board ‘buddy’, paying for reasonable expenses, and periodically reviewing Board prac�ces (e.g. �me/ loca�on of mee�ngs, technology used to communicate and present papers)
-
Reviewing and learning from experience of a�rac�ng, con�nuously engaging and retaining a diverse Trustee Board
These diversity objec�ves apply par�cularly to externally recruited Trustees.
Trustees – Recruitment, Appointment and Training
The Board of Trustees consists of senior managers within Global and external Trustees, ensuring balanced decision making. To reduce poten�al conflict of interest in decision making, the Chair of Trustees and the Treasurer are external appointments.
The recruitment process to be a Trustee involves a formal applica�on to the Chair, an interview with the Chair and the Director of Global Chari�es, and approval by the full Board of Trustees. A focussed Nomina�ons Commi�ee with Trustee representa�ves also supports recruitment. All newly appointed Trustees must be eligible to join the Board and fill an exis�ng skills gap. The Trustee recruitment policy
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GLOBAL CHARITIES (A company limited by guarantee) TRUSTEES’ REPORT (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT (con�nued)
outlines the skills and experience required as an op�mum mix for the Board. The Board looks to recruit across a range of backgrounds and experience. Internal Trustees are recruited from senior staff within Global to ensure the Charity is well integrated with the business. External Trustees are recruited in an open applica�on process.
Newly appointed Trustees are provided with an induc�on and relevant training. The induc�on pack includes the Charity’s governing documents, historical financial informa�on and the business plan, as well as guidance on the roles and responsibili�es of general trusteeship, sub-commi�ees and individual roles, such as Treasurer or Chair. In addi�on, the Director of Global Chari�es provides an overview of the Charity’s performance, grant-making and staffing structures.
Jennie Stubbs le� Global and stepped down as a Trustee on 18[th] September 2024 a�er nearly 4 years on the Board. The Board formally appointed Zoe Cadman and Mickelle Roberts, who hold senior roles in Global’s commercial team, to replace Jennie on 17[th] January 2025. Greg Levine, Deputy CEO of Vitality UK, was also appointed on 18[th] December 2024 for his role in chairing the newly developed commi�ee, the Growth Advisory Board.
Organisa�onal Structure
The Trustees meet quarterly to review the performance of the Charity and make any decisions necessary to its governance. The member of the charitable company is formally represented at these quarterly mee�ngs by the Director of Global Chari�es, who reports to the Chair of Trustees and to Sally Cairns, Global’s Chief People Officer. Simon Pi�s, the Group CEO, is updated regularly by the Director of Global Chari�es and Chief People Officer and can also a�end any Trustee mee�ng. The table below shows a�endance at Trustee and Finance Commi�ee mee�ngs.
==> picture [460 x 202] intentionally omitted <==
----- Start of picture text -----
Name Number of eligible Number Number of eligible Number
Trustee meetings attended Finance Committee attended
meetings
Dena McCallum 4 4 4 4
David Bletso 4 3 4 4
Shalni Sood 4 2 4 4
Ulrika Hogberg 4 4 - -
Marcia Asare 4 3 - -
Greg Levine 1 1 - -
Zoe Cadman 1 1 - -
Mickelle Roberts 1 1 - -
Sally Ardis 4 4 - -
Sally Cairns 4 4 - -
Jennie Stubbs 2 2 - -
----- End of picture text -----
The Trustees chair three commi�ees – the Grants Panel, Finance Commi�ee and the newly developed Growth Advisory Board, which is chaired by Greg Levine and s�ll in process of recruitment. The Grants Panel, chaired by Marcia Asare, selects and recommends beneficiary chari�es for grant alloca�ons for
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GLOBAL CHARITIES (A company limited by guarantee) TRUSTEES’ REPORT (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT (con�nued)
approval by the Board. The Finance Commi�ee, chaired by David Bletso, meets quarterly. The Finance Commi�ee focusses on auditor engagement, review of the statutory audit, financial controls, risk management, financial performance, and recommenda�on of the annual budget to the main Board for the approval prior to the start of the new financial year in April. The Trustees delegate the day-today management of the Charity to the Director of Global Chari�es. The Charity employs a small team of staff in London and relies on support from Global to carry out its work.
Objec�ves
The objec�ves of the Charity are to relieve poverty, hardship, or distress and to promote the physical or mental welfare of children, young people or adults in need of care and a�en�on, and any such other object or purpose as is charitable under UK law. The Charity delivers these aims by funding grants and raising awareness under four key pillars: providing shelter and safety, suppor�ng physical and mental health, improving life skills, and preven�ng isola�on.
Remunera�on Policy
The Charity is commi�ed to making sure that employees are paid fairly and in a way that helps a�ract and retain talented people in order to have the greatest impact in delivering its charitable objec�ves.
In accordance with the Statement of Recommended Prac�ce (SORP), the Charity:
-
Discloses all payments to Trustees (no Trustees receive ‘pay’, but the Charity does reimburse reasonable expenses)
-
Discloses the number of employees paid more than £60k pa (in bands of £10k)
The Charity’s Finance Commi�ee meets 4 �mes per year and is comprised of the Treasurer and two other Trustees, the Director of the Charity, the Fundraising and Marke�ng Director, and the Head of Finance and Governance. Once per year, ahead of the annual pay review, the Commi�ee reviews Global’s annual rewards and pay review approaches, and reviews whether these are appropriate for the Charity team. The Commi�ee agrees policy regarding pay and the basis for annual increases in pay. The Commi�ee then makes recommenda�ons to the Board for approval.
The Charity is commi�ed to paying at least the Na�onal Living Wage to all its employees and interns and aligns to Global’s pay policies. Employee remunera�on does not include any share op�ons or longterm incen�ve schemes. The pension provisions for the Charity Director and the Senior Management Team are on the same terms as other employees. Auto enrolment takes place in line with pension legisla�on.
Related Par�es
The Charity has a trading subsidiary called Global Chari�es (Trading) Limited, whose principal ac�vity is to contribute to the fundraising for the Charity. This company arranged a number of fundraising events and ini�a�ves, some in conjunc�on with companies who wished to support the Charity. The trading company was able to make a dona�on under gi� aid of £762k (2023/24: £647k) represen�ng its taxable profits.
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GLOBAL CHARITIES (A company limited by guarantee) TRUSTEES’ REPORT (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT (con�nued)
Internal controls and risk management
The Trustees have responsibility for ensuring that the Charity has in place an appropriate system of controls, financial or otherwise, to provide reasonable assurance that the Charity is opera�ng effec�vely and in line with the Charity Commission guidelines.
year to provide reasonable assurance against material misstatement or loss.
A full annual planning and budge�ng process is in place and the Charity has prepared a Risk Register, which is regularly reviewed throughout the year; it iden�fies the most significant risks to the implementa�on of the strategy, orders them by likelihood of occurrence and their impact, and indicates what ac�on is in hand or is necessary to manage the risk.
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Key presenters leaving Global, or changing their engagement with the Charity, meaning the Charity could lose key income streams and be unable to fundraise via the brands. This included a change in Global’s CEO, as significant income relies on support from Global which depends on the successful integra�on of Global’s new CEO.
-
Poli�cal and economic instability, reducing donor giving, and higher interest rates pu�ng pressure on household budgets.
Fundraising Approach
The Charity is a member of the Fundraising Regulator and the Ins�tute of Fundraising and is commi�ed to following the Code of Fundraising Prac�ce.
The Charity raises the majority of its funds through broadcast appeals, events, corporate partnerships and challenge ac�vi�es. The Charity and its agents do not undertake unsolicited direct fundraising, such as door-to-door fundraising, direct mailings or cold calling to the general public. In line with current data protec�on regula�on, we only contact individuals with prior consent.
The Charity ensures that fundraising agreements and contracts are in place with its supporters, par�cularly Commercial Par�cipators, where applicable. Agreements entered since the introduc�on of the Chari�es Act 2011 include an addi�onal sec�on on appropriate fundraising measures and will be monitored on a regular basis. In early 2017, the Charity reviewed the due diligence process for poten�al supporters and updated tools for staff. Community Fundraisers and Challenge Event par�cipants are issued with fundraising packs detailing good fundraising prac�ce. Fundraising volunteers suppor�ng our Appeal Day are briefed on appropriate behaviour. Staff are regularly trained on fundraising best prac�ce, par�cularly around vulnerable people, and Global staff involved in fundraising ac�vi�es have a wide range of fundraising tools and guidelines at their disposal. In addi�on, close rela�onships are maintained between the Charity and relevant Global staff to ensure responsibili�es are clearly understood.
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GLOBAL CHARITIES (A company limited by guarantee)
FOR THE YEAR ENDED 31 MARCH 2025
complaints training, and the Charity retains a complaints log in line with its policy. In 2024/25 we received no complaints (2023/24: nil). The Charity is not aware of any breaches of fundraising
The Trustees, who are also directors of the charitable company, are responsible for preparing their
law the Trustees have elected to prepare the financial statements in accordance with United Kingdom
charitable company and the group and of the surplus or deficit for that period. In preparing these financial statements the Trustees are required to:
-
departures disclosed and explained in the financial statements
safeguarding the assets of the charitable company and hence for taking reasonable steps for the
Statement of disclosure to the auditors
So far as the Trustees are aware:
- (a)
(b) they have taken all the steps that they ought to have taken as Trustees in order to make
Approved by the Trustees on 17th September 2025 and signed on their behalf by: DocuSigned by:
................................................ 6C324542617649D... Dena McCallum, Chair
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GLOBAL CHARITIES (A company limited by guarantee)
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GLOBAL CHARITIES
Opinion
subsidiary (the ‘group’) for the year ended 31 March 2025 which comprise Consolidated and Charity Statements of Financial Ac�vi�es, the Consolidated and Charity Balance Sheets, the Consolidated Statement of Cash Flows and notes to the financial statements, including significant accoun�ng policies. The financial repor�ng framework that has been applied in their prepara�on is applicable law and United Kingdom Accoun�ng Standards, including Financial Repor�ng Standard 102 The Financial Repor�ng Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accoun�ng Prac�ce).
-
give a true and fair view of the state of the group’s and the parent charitable company’s affairs as at 31 March 2025 and of the charitable company and group’s incoming resources and applica�on of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accoun�ng Prac�ce; and
-
have been prepared in accordance with the Companies Act 2006, the Chari�es and Trustee Investment (Scotland) Act 2005 (as amended), regula�ons 6 and 8 of the Chari�es Accounts (Scotland) Regula�ons 2006 (as amended) and the Chari�es Act 2011.
Basis for opinion
We conducted our audit in accordance with Interna�onal Standards on Audi�ng (UK) (ISAs (UK)) and applicable law. Our responsibili�es under those standards are further described in the Auditor’s Responsibili�es for the audit of the financial statements sec�on of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibili�es in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions rela�ng to going concern
basis of accoun�ng in the prepara�on of the financial statements is appropriate.
events or condi�ons that, individually or collec�vely, may cast significant doubt on the group’s and parent charitable company's ability to con�nue as a going concern for a period of at least twelve
Our responsibili�es and the responsibili�es of the Trustees with respect to going concern are described in the relevant sec�ons of this report.
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GLOBAL CHARITIES (A company limited by guarantee)
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GLOBAL CHARITIES
Other informa�on
The other informa�on comprises the informa�on included in the annual report, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other informa�on contained in the annual report. Our opinion on the financial statements does not cover the other informa�on and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other informa�on and, in doing so, consider whether the other informa�on is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we iden�fy such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other informa�on, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other ma�ers prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
financial statements are prepared is consistent with the financial statements; and
-
the Trustees’ annual report has been prepared in accordance with applicable legal requirements.
Ma�ers on which we are required to report by excep�on
In the light of the knowledge and understanding of the group and parent charitable company and their environment obtained in the course of the audit, we have not iden�fied material misstatements in the Trustees’ annual report.
We have nothing to report in respect of the following ma�ers where the Companies Act 2006, the Chari�es Accounts (Scotland) Regula�ons 2006 (as amended) and the Chari�es Act 2011 require us to report to you if, in our opinion:
-
returns adequate for our audit have not been received from branches not visited by us; or
-
accoun�ng records and returns; or
-
we have not received all the informa�on and explana�ons we require for our audit; or
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GLOBAL CHARITIES (A company limited by guarantee)
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GLOBAL CHARITIES
- small companies regime and take advantage of the small companies exemp�on in preparing the Trustees’ annual report and from preparing a strategic report.
Responsibili�es of Trustees
As explained more fully in the Trustees’ responsibili�es statement set out on page 20, the Trustees (who are also the Directors of the charitable company for the purposes of company law) are responsible for the prepara�on of the financial statements and for being sa�sfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the prepara�on of financial statements that are free from material misstatement, whether due to fraud or error.
charitable company’s ability to con�nue as a going concern, disclosing, as applicable, ma�ers related to going concern and using the going concern basis of accoun�ng unless the Trustees either intend to liquidate the group or parent charitable company or to cease opera�ons, or have no realis�c alterna�ve but to do so.
We have been appointed as auditor under Sec�on 44(1)(c) of the Chari�es and Trustee Investment (Scotland) Act 2005, the Companies Act 2006 and Sec�on 151 of the Chari�es Act 2011 and report to you in accordance with regula�ons made under those Acts.
are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on
As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scep�cism throughout the audit. We also:
-
due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detec�ng a material misstatement resul�ng from fraud is higher than for one resul�ng from error, as fraud may involve collusion, forgery, inten�onal omissions, misrepresenta�ons, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effec�veness of the group and parent charitable company’s internal control.
-
Evaluate the appropriateness of accoun�ng policies used and the reasonableness of accoun�ng es�mates and related disclosures made by the Trustees.
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GLOBAL CHARITIES (A company limited by guarantee)
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GLOBAL CHARITIES
-
Conclude on the appropriateness of the Trustees’ use of the going concern basis of accoun�ng and, based on the audit evidence obtained, whether a material uncertainty exists related to events or condi�ons that may cast significant doubt on the group and parent charitable company’s ability to con�nue as a going concern. If we conclude that a material uncertainty exists, we are required to draw a�en�on in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or condi�ons may cause the group or parent charitable company to cease to con�nue as a going concern.
-
the disclosures, and whether the financial statements represent the underlying transac�ons and events in a manner that achieves fair presenta�on.
-
or business ac�vi�es within the group to express an opinion on the consolidated financial statements. We are responsible for the direc�on, supervision and performance of the group audit. We remain solely responsible for our audit report.
We communicate with those charged with governance regarding, among other ma�ers, the planned scope and �ming of the audit and significant audit findings, including any significant deficiencies in internal control that we iden�fy during our audit. Explana�on as to what extent the audit was considered capable of detec�ng irregulari�es, including fraud. Irregulari�es, including fraud, are instances of non-compliance with laws and regula�ons. We design procedures in line with our responsibili�es, outlined above, to detect material misstatements in respect of irregulari�es, including fraud. The extent to which our procedures are capable of detec�ng irregulari�es, including fraud is detailed below.
The objec�ves of our audit in respect of fraud, are: to iden�fy and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implemen�ng appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud iden�fied during the audit. However, the primary responsibility for the preven�on and detec�on of fraud rests with both management and those charged with governance of the charitable company.
Our approach was as follows:
-
We obtained an understanding of the legal and regulatory requirements applicable to the charitable company and considered that the most significant are the Companies Act 2006, the Chari�es and Trustee Investment (Scotland) Act 2005 (as amended), regula�ons 6 and 8 of the Chari�es Accounts (Scotland) Regula�ons 2006 (as amended), the Chari�es Act 2011, the Charity SORP, and UK financial repor�ng standards as issued by the Financial Repor�ng Council.
-
We obtained an understanding of how the charitable company complies with these requirements by discussions with management and those charged with governance.
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GLOBAL CHARITIES (A company limited by guarantee)
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GLOBAL CHARITIES
-
of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.
-
We inquired of management and those charged with governance as to any known instances
evidence as required.
through collusion.
Use of our report
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006; and to the Charity’s Trustees, as a body, in accordance with
Our audit work has been undertaken so that we might state to the charitable company’s members and
other than the charitable company, the charitable company’s members, as a body, and the Charity’s Trustees, as a body for our audit work, for this report, or for the opinion we have formed.
Luke Holt (Senior Statutory Auditor) 9D1915FAQE7B4A7... for and on behalf of Moore Kingston Smith LLP, Statutory Auditor
9 Appold Street London EC2A 2AP
Date: 24 September 2025
25
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (Incorpora�ng the Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | ||
| Notes | £ | £ | £ | £ | |
| INCOME FROM: | |||||
| Dona�ons and legacies | 2 | ||||
| Dona�ons | 3,199,524 | 8,000 | 3,207,524 | 1,968,716 | |
| Donated services: GMGSL | 117,590 | - | 117,590 | 130,774 | |
| Donated media | 1,995,707 | - | 1,995,707 | 1,945,134 | |
| --------------------- | ------------------ | --------------------- | --------------------- | ||
| Total Dona�ons & legacies | 5,312,821 | 8,000 | 5,320,821 | 4,044,624 | |
| Other trading ac�vi�es | 3 | ||||
| Events | 133,004 | - | 133,004 | 48,461 | |
| Global Chari�es (Trading) | 1,123,462 | - | 1,123,462 | 1,211,479 | |
| Investments | 4 | 186,821 | - | 186,821 | 168,721 |
| --------------------- | --------------------- | --------------------- | --------------------- | ||
| TOTAL INCOME | 6,756,108 | 8,000 | 6,764,108 | 5,473,285 | |
| EXPENDITURE ON: | |||||
| Raising funds: | 5 | ||||
| Dona�ons | 745,702 | - | 745,702 | 628,847 | |
| Fundraising events and other trading | 720,219 | - | 720,219 | 611,313 | |
| Charitable ac�vi�es: | 7,8,9 | ||||
| Grants | 3,082,000 | 8,000 | 3,090,000 | 2,569,924 | |
| Donated goods and services | 1,854,931 | - | 1,854,931 | 1,816,008 | |
| Direct Delivery | 347,846 | - | 347,846 | 427,599 | |
| --------------------- | --------------------- | --------------------- | --------------------- | ||
| TOTAL EXPENDITURE | 6,750,698 | 8,000 | 6,758,698 | 6,053,691 | |
| NET INCOME/ (EXPENDITURE) and NET | 5,410 | - | 5,410 | (580,406) | |
| MOVEMENT IN FUNDS | |||||
| RECONCILIATION OF FUNDS: | |||||
| Total funds brought forward | 1,609,626 | - | 1,609,626 | 2,190,032 | |
| --------------------- | --------------------- | --------------------- | --------------------- | ||
| Total funds carried forward | 1,615,036 | - | 1,615,036 | 1,609,626 | |
| --------------------- | --------------------- | --------------------- | --------------------- |
All income and expenditure derive from con�nuing ac�vi�es.
26
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee)
CHARITY STATEMENT OF FINANCIAL ACTIVITIES (Incorpora�ng the Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | |
| £ | £ | £ | £ | |
| INCOME FROM: | ||||
| Dona�ons and legacies | ||||
| Dona�ons | 3,852,554 | 8,000 | 3,860,554 | 2,615,510 |
| Donated services: GMGSL | 117,590 | - | 117,590 | 130,774 |
| Donated media | 1,995,707 | - | 1,995,707 | 1,945,134 |
| --------------------- | ------------------ | --------------------- | --------------------- | |
| Total dona�ons & legacies | 5,965,851 | 8,000 | 5,973,851 | 4,691,418 |
| Other trading ac�vi�es | ||||
| Events | 128,304 | - | 128,304 | 48,461 |
| Investments | 179,373 | - | 179,373 | 164,044 |
| --------------------- | --------------------- | --------------------- | --------------------- | |
| TOTAL INCOME | 6,273,528 | 8,000 | 6,281,528 | 4,903,923 |
| EXPENDITURE ON: | ||||
| Raising funds | ||||
| Dona�ons | 745,702 | - | 745,702 | 628,847 |
| Fundraising events and other trading | 237,639 | - | 237,639 | 42,001 |
| Charitable ac�vi�es: | ||||
| Grants | 3,082,000 | 8,000 | 3,090,000 | 2,569,924 |
| Donated goods and services | 1,854,931 | - | 1,854,931 | 1,816,008 |
| Direct Delivery | 347,846 | - | 347,846 | 427,549 |
| --------------------- | --------------------- | --------------------- | --------------------- | |
| TOTAL EXPENDITURE | 6,268,118 | 8,000 | 6,276,118 | 5,484,329 |
| NET EXPENDITURE and NET MOVEMENT IN FUNDS | 5,410 | - | 5,410 | (580,406) |
| RECONCILIATION OF FUNDS: | ||||
| Total funds brought forward | 1,609,626 | - | 1,609,626 | 2,190,032 |
| --------------------- | --------------------- | --------------------- | --------------------- | |
| Total funds carried forward | 1,615,036 | - | 1,615,036 | 1,609,626 |
| --------------------- | --------------------- | --------------------- | --------------------- |
The statement of financial ac�vi�es includes all gains and losses recognised in the year. All income and expenditure derive from con�nuing ac�vi�es.
27
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
Company Number: 04359098
GLOBAL CHARITIES (A company limited by guarantee) CONSOLIDATED BALANCE SHEET AT 31 MARCH 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| FIXED ASSETS | |||||
| Notes | £ | £ | £ | £ | |
| Tangible fixed assets | 14 | 2,636 | 4,005 | ||
| -------------------- | --------------------- | ||||
| 2,636 | 4,005 | ||||
| CURRENT ASSETS | |||||
| Inventory | 15 | 925 | 1,441 | ||
| Debtors | 17 | 445,745 | 423,473 | ||
| Short term deposits | 2,000,000 | - | |||
| Cash at bank and in hand | 3,587,121 | 4,937,097 | |||
| -------------------- | -------------------- | ||||
| 6,033,791 | 5,362,011 | ||||
| CREDITORS: amounts falling due | 18 | (2,938,232) | (2,617,056) | ||
| within one year | ------------------- | ---------------------- | |||
| NET CURRENT ASSETS | 3,095,559 | 2,744,955 | |||
| ------------------- | ------------------- | ||||
| TOTAL ASSETS LESS CURRENT | 3,098,195 | 2,748,960 | |||
| LIABILITIES | |||||
| CREDITORS:amounts falling due | 18 | (1,483,159) | (1,139,334) | ||
| after more than one year | |||||
| ------------------- | ------------------- | ||||
| NET ASSETS | 1,615,036 | 1,609,626 | |||
| ========= | ========= | ||||
| CHARITY FUNDS | |||||
| Restricted funds | 19 | - | - | ||
| Unrestricted funds | 19 | 1,615,036 | 1,609,626 | ||
| ------------------ | ------------------ | ||||
| TOTAL FUNDS | 1,615,036 | 1,609,626 | |||
| ========= | ========= |
The financial statements were approved and authorised for issue by the Trustees on 17[th] September 2025 and signed on their behalf by:
................................................ 6C324542617649D... Dena McCallum, Chair
28
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee) CHARITY BALANCE SHEET AT 31 MARCH 2025
Company Number: 04359098
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| FIXED ASSETS | |||||
| Notes | £ | £ | £ | £ | |
| Tangible fixed assets | 14 | 2,636 | 4,005 | ||
| Investments | 14 | 1 | 1 | ||
| -------------------- | --------------------- | ||||
| 2,637 | 4,006 | ||||
| CURRENT ASSETS | |||||
| Debtors | 17 | 1,247,243 | 999,147 | ||
| Short term deposits | 2,000,000 | - | |||
| Cash at bank and in hand | 2,740,121 | 4,341,440 | |||
| -------------------- | -------------------- | ||||
| 5,987,364 | 5,340,587 | ||||
| CREDITORS: amounts falling due | 18 | (2,891,806) | (2,595,633) | ||
| within one year | ------------------- | ---------------------- | |||
| NET CURRENT ASSETS | 3,095,558 | 2,744,954 | |||
| ------------------- | ------------------- | ||||
| TOTAL ASSETS LESS CURRENT | 3,098,195 | 2,748,960 | |||
| LIABILITIES | |||||
| CREDITORS:amounts falling due | 18 | (1,483,159) | (1,139,334) | ||
| after more than one year | |||||
| ------------------- | ------------------- | ||||
| NET ASSETS | 1,615,036 | 1,609,626 | |||
| ========= | ========= | ||||
| CHARITY FUNDS | |||||
| Restricted funds | 19 | - | - | ||
| Unrestricted funds | 19 | 1,615,036 | 1,609,626 | ||
| ------------------ | ------------------ | ||||
| TOTAL FUNDS | 1,615,036 | 1,609,626 | |||
| ========= | ========= |
The financial statements were approved and authorised for issue by the Trustees on 17[th] September 2025 and signed on their behalf by:
................................................ 6C324542617649D... Dena McCallum, Chair
29
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee)
GROUP CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
| Total funds | Total funds | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | £ | £ | |
| Cash fows from opera�ng ac�vi�es | 463,203 | (459,485) | ||
| Cash fows from inves�ng ac�vi�es: | ||||
| Dividends, interest and rents from investments | 186,821 | 168,721 | ||
| Purchase of investments | (2,000,000) | - | ||
| ----------------- | ----------------- | |||
| - | ||||
| Net cash (used in)/ provided by inves�ng | (1,813,179) | 168,721 | ||
| ac�vi�es | ||||
| ----------------- | ----------------- | |||
| Decrease in cash and cash equivalents in the | (1,349,976) | (290,764) | ||
| repor�ng period | ||||
| Cash and cash equivalents at the beginning of | ||||
| the repor�ng period | 4,937,097 | 5,227,861 | ||
| -------------------- | -------------------- | |||
| Cash and cash equivalents at the end of the | 3,587,121 | 4,937,097 | ||
| repor�ng period | ||||
| ========== | ========= | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Reconcilia�on of net movement in funds to | ||||
| cash fow from opera�ng ac�vi�es | ||||
| Net movement in funds | 5,410 | (580,406) | ||
| Decrease in inventory | 516 | 55,469 | ||
| Deprecia�on charges | 1,369 | 1,369 | ||
| (Increase) in debtors | (22,272) | (230,438) | ||
| Increase in creditors | 665,001 | 463,242 | ||
| Interest and Dividends | (186,821) | (168,721) | ||
| --------------------- | -------------------- | |||
| Net cash provided by/ (used in) opera�ng | 463,203 | (459,485) | ||
| ac�vi�es | ||||
| ========== | ========= | |||
| Analysis of cash and cash equivalents | 2025 | 2024 | ||
| £ | £ | |||
| Cash in hand | 3,587,121 | 4,937,097 | ||
| ----------------- | -------------------- | |||
| Total cash and cash equivalents | 3,587,121 | 4,937,097 | ||
| ======== | ========= |
30
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee) GROUP CASH FLOW STATEMENT (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
At 31 March 2025, the Charity held £3,587,121 in cash. £2,676,459 of this relate to grants to be paid out between April 2025 and March 2026.
Analysis of changes in net debt
| Analysis of changes in net debt | |||
|---|---|---|---|
| At 1 April 2024 | Cash flows | At 31 March 2025 | |
| £ | £ | £ | |
| Cash & cash equivalents: | |||
| Cash | 4,937,097 | (1,349,976) | 3,587,121 |
| Overdrafts | - | - | - |
| ----------------- | ----------------- | ----------------- | |
| Total | 4,937,097 | (1,349,976) | 3,587,121 |
| ======== | ======== | ======== |
31
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of prepara�on
Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) – (Chari�es SORP 2015 (Second Edi�on, effec�ve 1 January 2019), the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
ini�ally recognised at historical cost or transac�on value unless otherwise stated in the relevant accoun�ng policy notes. The financial statements have been presented in GBP and rounded to the nearest £.
Going concern
Given the charitable company’s favourable fundraising record and the level of free reserves available at the year end, the Trustees consider that the charitable company has adequate resources to con�nue in opera�onal existence for the foreseeable future, and there are no material uncertain�es rela�ng to going concern. Accordingly, the financial statements have been prepared on a going concern basis.
Basis of consolida�on
wholly owned subsidiary Global Chari�es (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 company are the Trustees named on page 3. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
Fund accoun�ng
donors or which have been raised by the Charity for par�cular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted
Income
funds, probability of receipt and the amount can be measured with sufficient reliability.
Donated services or facili�es, which comprise donated services, are included in income at a valua�on which is an es�mate of the value of the gi� to the Charity.
Income tax recoverable in rela�on to dona�ons received under Gi� Aid or deeds of covenant is recognised at the �me of the dona�on.
32
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
Income (con�nued)
Income tax recoverable in rela�on to investment income is recognised at the �me of the investment income is receivable.
Func�ons and events consist of the income from the various fundraising ac�vi�es carried out by the Charity. These are recognised when the Charity is legally en�tled to the income and the amount can be quan�fied with reasonable accuracy. Where a campaign, event or trek spans the year end, income is recognised in the period in which the event commenced. The remainder of any income received in the year rela�ng to events occurring post year end is deferred and held on the balance sheet un�l released to income when the event occurs.
Global Chari�es (Trading) Limited includes the income from non-charitable ac�vi�es and is included in the period in which the group is en�tled to receipt or provision of the related goods or services.
Expenditure
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for alloca�on to ac�vi�es. Where costs cannot be directly a�ributed to par�cular ac�vi�es they have been allocated on a basis consistent with the use of the resources. Expenditure on charitable ac�vi�es has been restated to recognise costs in line with Global Chari�es ongoing strategy.
Expenditure on raising dona�ons (fundraising costs) are those incurred in seeking voluntary contribu�ons and do not include the costs of dissemina�ng informa�on in support of the charitable ac�vi�es.
support costs, and publicity costs. Where a campaign, event or trek spans the year end, the associated costs are recognised in the period in which the event commenced.
is condi�onal, such grants being recognised as expenditure when the condi�ons a�aching are fulfilled. Grants offered subject to condi�ons which have not been met at the year-end are noted as a commitment, but not accrued as expenditure. Grants payable by the Charity that are due a�er more than 12 months are recognised as a liability in the financial statements at the point the Charity has a construc�ve obliga�on to make the payment. Although the liability is reviewed based on future payments, since the impact of discoun�ng is not material, future payments are not discounted to present value.
Charitable expenditure includes grants costs, support costs and goods distributed, which are the es�mated costs of gi�s in kind donated from companies and individuals.
staff �me basis rela�ng to the support aspect of the Charity, grant support costs including the costs of processing and administering the grants and applica�ons, and support to actual and poten�al applicants. Governance costs are those incurred in connec�on with administra�on of the company and compliance with cons�tu�onal and statutory requirements and are appor�oned on the same basis as support costs.
33
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
All assets cos�ng more than £1,000 are capitalised.
to write off the cost of fixed assets, less their es�mated residual value, over their expected useful lives on the following bases:
Computer equipment - 20% straight line
Investments
Investments in subsidiaries are valued at cost less provision for impairment.
Stock inventory
Stock inventory is valued at the lower of cost and net realisable value.
Taxa�on
Accordingly the company is poten�ally exempt from taxa�on in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corpora�on Tax Act 2010 or Sec�on 256 of the Taxa�on of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Debtors
Trade and other debtors are recognised at the se�lement amount due a�er any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash at bank and in hand includes cash and short term highly liquid investments, with a maturity of less than 3 months from the balance sheet date. Short term deposits have a maturity of 3 to 12 months.
Creditors and provisions
Creditors and provisions are recognised where the Charity has a present obliga�on resul�ng from a past event that will probably result in the transfer of funds to a third party and the amount due to se�le the obliga�on can be measured or es�mated reliably. Creditors and provisions are normally recognised at their se�lement amount a�er allowing for any trade discounts due. Grant liabili�es are recognised upon ra�fica�on by the main Trustee board, of the regional panels' recommenda�ons.
service is received. Termina�on benefits are accounted for on an accruals basis and in line with FRS 102.
34
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
Pensions
The charitable company par�cipates in the Global Media Service Group Personal Pension Plan. The scheme is a defined contribu�on arrangement, and the company makes age-related contribu�ons to the scheme for par�cipa�ng staff. Pension liabili�es are charged to the statement of financial ac�vi�es as they fall due.
Es�mates and judgement
Es�mates and judgements are con�nually evaluated and are based on historical experience and other factors, including expecta�ons of future events that are believed to be reasonable under the circumstances. Although these es�mates are based on management’s best knowledge of the amount, events or ac�ons, actual results may ul�mately differ from those es�mates. The Trustees consider valua�on of investments and deprecia�on to be subject to es�ma�on and judgement and are discussed above.
Financial instruments
amor�sed cost with the excep�on of investments which are held at fair value. Financial assets held at amor�sed cost comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital. Financial liabili�es held at amor�sed cost comprise all creditors except social security and other taxes.
35
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
| 2. INCOME FROM DONATIONS AND LEGACIES | 2. INCOME FROM DONATIONS AND LEGACIES | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total 2025 | Unrestricted | Restricted | Total 2024 | |
| funds | funds | funds | funds | |||
| £ | £ | £ | £ | £ | £ | |
| Dona�ons | 3,199,524 | 8,000 | 3,207,524 | 1,953,716 | 15,000 | 1,968,716 |
| Donated services - GMGSL | 117,590 | - | 117,590 | 130,774 | - | 130,774 |
| Donated air�me | 1,995,707 | - | 1,995,707 | 1,945,134 | - | 1,945,134 |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | ------------------ | |
| 5,312,821 | 8,000 | 5,320,821 | 4,029,624 | 15,000 | 4,044,624 | |
| ========== | ========== | ========== | ========== | ========== | ========== | |
| 3. OTHER TRADING INCOME | ||||||
| Unrestricted | Restricted | Total 2025 | Unrestricted | Restricted | Total 2024 | |
| funds | funds | funds | funds | |||
| £ | £ | £ | £ | £ | £ | |
| Events and challenge events | 133,004 | - | 133,004 | 48,461 | - | 48,461 |
| Global Chari�es (Trading) | 1,123,462 | - | 1,123,462 | 1,211,479 | - | 1,211,479 |
| Limited | ||||||
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | ------------------ | |
| 1,256,466 | - | 1,256,466 | 1,259,940 | - | 1,259,940 | |
| ========== | ========== | ========== | ========== | ========== | ========== | |
| 4. INCOME FROM INVESTMENTS | ||||||
| Unrestricted | Restricted | Total 2025 | Unrestricted | Restricted | Total 2024 | |
| funds | funds | funds | funds | |||
| £ | £ | £ | £ | £ | £ | |
| Bank interest receivable | 186,821 | - | 186,821 | 168,721 | - | 168,721 |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | ------------------ | |
| 186,821 | - | 186,821 | 168,721 | - | 168,721 | |
| ========== | ========== | ========== | ========== | ========== | ========== | |
| 5. EXPENDITURE ON RAISING FUNDS | Staf | Direct | Support | Total | Total | |
| costs | costs | costs | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| Cost of raising dona�ons | 274,970 | 414,101 | 56,631 | 745,702 | 628,847 | |
| Cost of trading and events | 312,154 | 296,869 | 111,196 | 720,219 | 611,313 | |
| -------------------- | -------------------- | -------------------- | -------------------- | ------------------ | ||
| 587,124 | 710,970 | 167,827 | 1,465,921 | 1,240,160 | ||
| ========== | ========== | ========== | ========== | ========== |
36
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
| 6. EXPENDITURE ON RAISING FUNDS – | |||||
|---|---|---|---|---|---|
| COMPARATIVE PERIOD 2024 | Staf | Direct | Support | Total | Total |
| costs | costs | costs | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Cost of raising dona�ons | 320,651 | 243,164 | 65,032 | 628,847 | 601,290 |
| Cost of trading and events | 191,291 | 254,816 | 165,206 | 611,313 | 336,817 |
| -------------------- | -------------------- | -------------------- | -------------------- | ------------------ | |
| 511,942 | 497,980 | 230,238 | 1,240,160 | 938,107 | |
| ========== | ========== | ========== | ========== | ========== | |
| 7. GRANTS TO ORGANISATIONS | Total | Total | |||
| Number | 2025 | Number | 2024 | ||
| £ | £ | ||||
| GMSN pillars | |||||
| Homelessness – providing shelter and safety | 10 | 761,000 | 8 | 485,860 | |
| Suppor�ng physical and mental health | 12 | 886,000 | 11 | 642,055 | |
| Improving life skills | 11 | 769,000 | 11 | 680,450 | |
| Loneliness – preven�ng isola�on | 13 | 541,000 | 11 | 668,962 | |
| Other | 18 | 133,000 | 25 | 123,347 | |
| ---------------- | --------------------- | -------------------- | -------------------- | ||
| 64 | 3,090,000 | 66 | 2,600,674 | ||
| Grants previously commi�ed but no longer payable | - | - | (1) | (30,750) | |
| ---------------- | --------------------- | -------------------- | -------------------- | ||
| 64 | 3,090,000 | 65 | 2,569,924 | ||
| ======== | ========== | ========== | ========== | ||
| 8. GRANTS TO ORGANISATIONS | |||||
| 2025 | 2024 | ||||
| Grants by appeal | £ | £ | |||
| Global Chari�es | 3,090,000 | 2,569,924 | |||
| --------------------- | --------------------- | ||||
| 3,090,000 | 2,569,924 | ||||
| ========== | ========== |
37
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
| 9. EXPENDITURE ON CHARITABLE ACTIVITIES | Grants | Direct staf | Direct | Support | Total 2025 |
|---|---|---|---|---|---|
| costs | costs | costs | |||
| £ | £ | £ | £ | £ | |
| GMSN pillars | |||||
| Homelessness – providing shelter and safety | 761,000 | - | 442,349 | 59,103 | 1,262,452 |
| Suppor�ng physical and mental health | 886,000 | - | 515,009 | 68,810 | 1,469,819 |
| Improving life skills | 769,000 | - | 447,000 | 59,723 | 1,275,723 |
| Loneliness – preven�ng isola�on | 541,000 | - | 314,469 | 42,016 | 897,485 |
| Other | 133,000 | - | 77,309 | 10,329 | 220,638 |
| Direct Delivery Projects | |||||
| Direct delivery | 130,498 | 36,162 | - | 166,660 | |
| -------------------- | -------------------- | -------------------- | -------------------- | ------------------ | |
| Charitable ac�vi�es | 3,090,000 | 130,498 | 1,832,298 | 239,981 | 5,292,777 |
| ========== | ========== | ========== | ========== | ========== | |
| 10. EXPENDITURE ON CHARITABLE ACTIVITIES – | Grants | Direct staf | Direct | Support | Total 2024 |
| COMPARATIVE PERIOD 2024 | costs | costs | costs | ||
| £ | £ | £ | £ | £ | |
| GMSN pillars | |||||
| Homelessness – providing shelter and safety | 485,860 | - | 327,060 | 57,306 | 870,226 |
| Suppor�ng physical and mental health | 642,055 | - | 432,203 | 75,728 | 1,149,986 |
| Improving life skills | 680,450 | - | 458,049 | 80,257 | 1,218,756 |
| Loneliness – preven�ng isola�on | 668,962 | - | 450,315 | 78,902 | 1,198,179 |
| Other | 123,347 | - | 83,033 | 14,548 | 220,928 |
| Direct Delivery Projects | |||||
| Direct delivery | 129,459 | 56,747 | - | 186,206 | |
| -------------------- | -------------------- | -------------------- | -------------------- | ------------------ | |
| 2,600,674 | 129,459 | 1,807,407 | 306,741 | 4,844,281 | |
| Grants previously commi�ed but no longer | (30,750) | - | - | - | (30,750) |
| payable | |||||
| -------------------- | -------------------- | -------------------- | -------------------- | ------------------ | |
| Charitable ac�vi�es | 2,569,924 | 129,459 | 1,807,407 | 306,741 | 4,813,531 |
| ========== | ========== | ========== | ========== | ========== |
38
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
| GLOBAL CHARITIES (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (con�nued) FOR THE YEAR ENDED 31 MARCH 2025 |
||
|---|---|---|
| 11. SUPPORT COSTS | Total | Total |
| 2025 | 2024 | |
| £ | £ | |
| Staf costs | 241,994 | 333,086 |
| Auditor’s remunera�on | 27,366 | 34,483 |
| Other support costs | 138,448 | 169,410 |
| --------------------- | --------------------- | |
| 407,808 | 536,979 | |
| ========== | ========== | |
| 12. NET MOVEMENT IN FUNDS | ||
| 2025 | 2024 | |
| This is stated a�er charging: | £ | £ |
| Auditor’s remunera�on | 27,366 | 34,483 |
| Auditor’s remunera�on – non audit fees | - | - |
| Pension costs | 31,183 | 38,392 |
| ======== | ======== | |
| 13. STAFF COSTS | 2025 | 2024 |
| £ | £ | |
| Wages and salaries | 840,739 | 857,989 |
| Social security costs | 83,436 | 69,716 |
| Other pension costs | 31,183 | 38,392 |
| --------------------- | --------------------- | |
| 955,358 | 966,097 | |
| ========== | ========= | |
| The average monthly number of employees during the year was: | ||
| 2025 | 2024 | |
| Number | Number | |
| Fundraising | 10 | 13 |
| Grant and community programmes | 4 | 3 |
| Charity management and administra�on | 6 | 5 |
| --------------------- | --------------------- | |
| 20 | 21 | |
| ========== | ========== |
39
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
The number of higher paid employees was:
| 2025 | 2024 | ||
|---|---|---|---|
| Number | Number | ||
| £60,000 | - £70,000 | 1 | - |
| £70,001 | - £80,000 | - | - |
| £80,001 | - £90,000 | 1 | 1 |
| £90,001 | – £100,000 | 1 | 1 |
| --------- | --------- | ||
| 3 | 2 | ||
| ===== | ==== |
Key management personnel comprise the senior management team. The total employee remunera�on of the key management personnel of Charity and the group were £365,231 (2024: £414,445), of which £nil (2024: £nil) was an ex-gra�a contractual payment.
During the year, £24,613 (2024: £23,896) was paid by the Charity but reimbursed by Global Media in respect of work related to the Charity’s opera�ons. During the year, nil (2024: nil) was paid in statutory redundancy payments.
| 14. TANGIBLE FIXED ASSETS – GROUP AND CHARITY | Computer | Total |
|---|---|---|
| equipment | ||
| £ | £ | |
| Cost | ||
| At 1 April 2024 | 22,493 | 22,493 |
| Addi�ons | - | - |
| --------------------- | -------------------- | |
| - | ||
| At 31 March 2025 | 22,493 | 22,493 |
| ========== | ========== | |
| Deprecia�on | ||
| At 1 April 2024 | 18,488 | 18,488 |
| Charge for the year | 1,369 | 1,369 |
| --------------------- | -------------------- | |
| - | ||
| At 31 March 2025 | 19,857 | 19,857 |
| ========== | ========== | |
| Net Book Value | ||
| At 31 March 2025 | 2,636 | 2,636 |
| --------------------- | -------------------- | |
| - | ||
| At 31 March 2024 | 4,005 | 4,005 |
| ========== | ========== |
40
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
| GLOBAL CHARITIES (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (con�nued) FOR THE YEAR ENDED 31 MARCH 2025 |
|||
|---|---|---|---|
| 15. STOCK INVENTORY | 2025 | 2024 | |
| £ | £ | ||
| Stock inventory | 925 | 1,441 | |
| --------------------- | --------------------- | ||
| 925 | 1,441 | ||
| ========== | ========== | ||
| 16. FIXED ASSET INVESTMENTS - CHARITY | Total | Total | |
| 2025 | 2024 | ||
| £ | £ | ||
| At the balance sheet date, the assets and liabili�es of Global Chari�es (Trading) Limited comprise: | |||
| Current assets | |||
| Inventory | 925 | 1,441 | |
| Debtors & other current assets | 193,626 | 249,973 | |
| Cash at bank and in hand | 846,999 | 595,656 | |
| Creditors falling due within one year | (1,041,549) | (847,069) | |
| ------------------ | ------------------ | ||
| Net assets | 1 | 1 | |
| ========= | ======== |
Global Chari�es owns the whole of the issued share capital of Global Chari�es (Trading) Limited, a company incorporated in England and Wales (Company Number: 04374705) which carries on the business of arranging product sales and other fundraising events. The investment, which consists of 1 ordinary- share of £1, is shown at cost.
In the opinion of the Trustees, the aggregate value of the share in and amounts owing from Global Chari�es (Trading) Limited is not less than the aggregate of the amounts at which those assets are stated in the Global Chari�es balance sheet.
41
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
16. FIXED ASSET INVESTMENTS – CHARITY (con�nued)
| The net results of Global Chari�es (Trading) Limited were: | Total | Total |
|---|---|---|
| 2025 | 2024 | |
| As Restated | ||
| £ | £ | |
| Turnover | 1,236,953 | 1,211,479 |
| Cost of Sales | (472,440) | (557,069) |
| ------------------ | ------------------ | |
| Gross Proft | 764,513 | 654,410 |
| Administra�ve expenses | (10,141) | (12,293) |
| ------------------ | ------------------ | |
| Opera�ng proft | 754,372 | 642,117 |
| Interest receivable | 7,449 | 4,677 |
| ------------------ | ------------------ | |
| Proft before taxa�on | 761,821 | 646,794 |
| ------------------ | ------------------ | |
| Retained proft for the year | 761,821 | 646,794 |
| ========= | ========= | |
| Gi�Aid payment to the Charity | (761,821) | (646,794) |
At the year-end £761,821 was due from Global Chari�es (Trading) Limited (2024: £646,794).
| 17. DEBTORS: amounts falling due within | Group | Charity | Charity | |
|---|---|---|---|---|
| one year | 2025 | 2024 | 2025 | 2024 |
| £ | £ | £ | £ | |
| Trade debtors | 112,332 | 85,014 | 56,918 | 51,911 |
| Amounts owed by group undertakings | 136,673 | 246,340 | 1,028,597 | 905,965 |
| Prepayments and accrued income | 196,740 | 70,317 | 161,728 | 41,271 |
| ------------------ | ------------------ | --------------------- | --------------------- | |
| 445,745 | 401,671 | 1,247,243 | 999,147 | |
| DEBTORS: amounts falling due a�er more | ||||
| than one year | ||||
| Prepayments and accrued income | - | 21,802 | - | - |
| ------------------ | ------------------ | --------------------- | --------------------- | |
| 445,745 | 423,473 | 1,247,243 | 999,147 | |
| ========= | ========= | ========= | ========= |
42
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
| 18. CREDITORS: amounts falling due | Group | Company | Company | |
|---|---|---|---|---|
| within one year | 2025 | 2024 | 2025 | 2024 |
| £ | £ | £ | £ | |
| Trade creditors | (7,281) | (29,351) | (7,246) | (27,364) |
| Amounts owed to group undertakings | (8,996) | (5,933) | (8,996) | (5,933) |
| Other taxa�on and social security | (103,914) | (88,885) | (92,524) | (81,291) |
| Grant creditors | (2,676,459) | (2,360,393) | (2,676,459) | (2,360,393) |
| Accruals and deferred income | (141,582) | (132,494) | (106,581) | (120,652) |
| --------------------- | --------------------- | --------------------- | --------------------- | |
| (2,938,232) | (2,617,056) | (2,891,806) | (2,595,633) | |
| CREDITORS: amounts falling due a�er | ||||
| more than one year | ||||
| Grant creditors | (1,483,159) | (1,139,334) | (1,483,159) | (1,139,334) |
| --------------------- | --------------------- | --------------------- | --------------------- | |
| (4,421,391) | (3,756,390) | (4,374,965) | (3,734,967) | |
| ========== | ========== | ========== | ========== |
Deferred income at 31 March 2025 relates to income received in advance of a number of projects and fundraising events to be held in the year ending 31 March 2026. Deferred income brought forward from 31 March 2024 for the group was £64,717 (Charity: £59,417, Trading: £5,300) which was all released to the income and expenditure account in the year. Deferred income carried forward at 31 March 2025 for the group is £88,954 (Charity: £58,854, Trading: £30,100).
19. STATEMENT OF FUNDS – GROUP - 2025
| Transfer | |||||
|---|---|---|---|---|---|
| Brought | between | Carried | |||
| forward | Income | Expenditure | funds | forward | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General funds (Undesignated) | 1,609,626 | 6,756,108 | (6,750,698) | - | 1,615,036 |
| ----------------- | ---------------- | ---------------- | ---------------- | ------------------ | |
| Total unrestricted funds | 1,609,626 | 6,756,108 | (6,750,698) | - | 1,615,036 |
| ----------------- | ---------------- | ---------------- | --------------- | ------------------ | |
| Restricted funds | |||||
| Restricted funds | - | 8,000 | (8,000) | - | - |
| ------------------ | ------------------ | ------------------ | --------------- | ------------------ | |
| Total funds | 1,609,626 | 6,764,108 | (6,758,698) | - | 1,615,036 |
| ========= | ========= | ========= | ======== | ======== |
43
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
20. STATEMENT OF FUNDS – GROUP – COMPARATIVE PERIOD - 2024
| Transfer | |||||
|---|---|---|---|---|---|
| Brought | between | Carried | |||
| forward | Income | Expenditure | funds | forward | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| Designated fund (IT project) | 40,000 | - | - | (40,000) | - |
| General funds (Undesignated) | 2,150,032 | 5,458,285 | (6,038,691) | 40,000 | 1,609,626 |
| ----------------- | ---------------- | ---------------- | ---------------- | ------------------ | |
| Total unrestricted funds | 2,190,032 | 5,458,285 | (6,038,691) | - | 1,609,626 |
| ----------------- | ---------------- | ---------------- | --------------- | ------------------ | |
| Restricted funds | |||||
| Restricted funds | - | 15,000 | (15,000) | - | - |
| ------------------ | ------------------ | ------------------ | --------------- | ------------------ | |
| Total funds | 2,190,032 | 5,473,285 | (6,053,691) | - | 1,609,626 |
| ========= | ========= | ========= | ======== | ======== |
21. ANALYSIS OF NET ASSETS BETWEEN FUNDS - GROUP
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Fixed assets | 2,002,636 | - | 2,002,636 | 4,005 |
| Current assets | 4,033,791 | - | 4,033,791 | 5,362,011 |
| Creditors due within one year | (2,938,232) | - | (2,938,232) | (2,617,056) |
| Creditors due a�er more than one year | (1,483,159) | - | (1,483,159) | (1,139,334) |
| -------------------- | -------------------- | -------------------- | ------------------ | |
| 1,615,036 | - | 1,615,036 | 1,609,626 | |
| ========== | ========== | ========== | ========== |
22. PENSION COMMITMENTS
contribu�on arrangement and the company makes age-related contribu�ons to the scheme for par�cipa�ng staff. The total pension cost to the Global Chari�es group for the year was £31,183 (2024: £38,392). Employer’s outstanding liability at the year-end was £23,398 (2024: £21,129).
44
Docusign Envelope ID: 544612FA-1F4F-41BD-8C9B-BFE03F8B4092Docusign Envelope ID: F4A5939E-B2F9-4E36-AF26-0E3998AD64EB
GLOBAL CHARITIES (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (con�nued) FOR THE YEAR ENDED 31 MARCH 2025
23. RELATED PARTY TRANSACTIONS
The ul�mate control of the Charity is vested in its members of which there is one, Global Radio Limited. A number of transac�ons have taken place with Global Media Group Services Limited (GMGSL), one of the group en��es, in the year as well as recharges in the normal course of business. GMGSL forgave £33,955 (2024: £31,913) of loans owed to them. GMGSL also donated services and facili�es to the value of £117,590 (2024: £130,774).
A valua�on of programming air-�me and social media ac�vity provided by GMGSL has also been included due to the integrated nature of the Charity's on-air content with sta�on on-air content in programming �me. It has been valued at £1,995,707 (2024: £1,945,134).
£nil). During the year, one Trustee (2024: nil Trustees) made a dona�on of £10,500 (2024: nil) to the charity.
24. PRINCIPAL SUBSIDIARIES
| Company Name | Country | Percentage shareholding |
|---|---|---|
| Global Chari�es (Trading) Limited - “Trading” | United Kingdom | 100% |
45