GLOBAL HEALTH PARTNERSHIPS (FORMERLY TROPICAL HEALTH AND EDUCATION TRUSTJ REpoKf AND FINANCIAL sfATEMENT5 FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY No. 1113101 OFFICE OF scorr15H CHARITIES No. SC053871 COMPANY No. 05708871
GLOBAL HEALTH PARTNERSHIPS- FORMERLY TROPICAL HEALTH AND EDUCATION TRUST IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 315F DECEMBER 2024 CONTENTS Page Reference and Administrative Detsils Trustees. Report Independent Auditorfs Report statement of Financtal Activities 18 22 8?lance Sheet 23 Statement of Cagh Flows 24 Notes to the Flnancial Statements 25
GLOBAL HEALTH PARTNERSHIPS- FORMERLY TROPICAL HEALTH AND EDUCATtON TRUST IA company limited by guarantee} TRUSTEES, PEPORT FOR THE YEAR ENDED 315f DECEMBER 2024 Trustees: Ms Roda Ali Ahmed MrJustinian Ash Drfitilola 8anjoko Drjemima Denni5-Antwi Professor ValÈrie FlÈmlnE Ms Elaine Green Mrjohn Headley Professor Rosaline Ralne Dr Julia Terry Dr15ioma Okolo (appointed li October 20241 Ms Lisa Kelly lappointed 5 December 20241 Mr Joshua Howard (appolntéd 10 Aprll 20251 Chief Executlve: Mr Ben Simms Company Secretary: Dèputy Company Secretary: Ms Joanna Green M5 Donna Pryor Registered Office.. 86- Paul Street 3 Floor London EC2A 4NE Independent Auditor Moore Kin8Ston Smith LLP 6th Floor g Appold Street London EC2A 24P Charity Registration No: 1113101 Offteè of Scottish Charities No: SC053871 Reglstered Company No: 05708871
GLOBAL HEALTH PARTNERSHIPS- FORMERLY TROPICAL HEALTH AND EDUCAnON TRUST IA company Ilmited by guarantee) TRUSTEES, REPORT FOR THE YE4R ENDED 315f DEMBER 2024 The Trustees, who are also the Directors of the company f the purposes of the Companie5 Act. present their Annual Report, which Is also the Dlrectors, report for the purposes (rf the Companies Act. together with the audited Financial Statements of the company for the year ended 31 December 2024. The flnancial statement5 comply with current statutory requirements, the requirements of the charity'5 governing document and in accordan with Accounting and Reporting by Charities.. Statement of Recommended Practice (Charities SCRP IFRS 10211. The name of the charity is Global Health Partnerships Iforvnerly Tropical Health and Educatlon Trust).. it is also known as GHP. The fullowlng trustees have acted during the year- Ms Roda Ali Ahmed Mrjustinlan Ash Drfitilola BanJoko Profe55or Ged Byrne MBE1stepped down 31 December 2023) Drjemima Dennis-Antwi Professtsr Valerle Fleming Ms Elaine Green Mrjohn Headley Mr Mike McKirdy Istepped down 25 July 2024) Professor Rosaline Raine Mrjonty Roland (stepped down 25July 20241 Drjulia Terry Dr Isloma Okolo (appointed li October 20241 Ms Llsa Kelly lappointed 5 December 20241 Chief Executive- Mr Ben Simms Company Secretsry: Ms Joanna Green Deputy Company Secretary: Ms Donna Pryor
GLOBAL HEALTH PARTNERSHIPS- FORMERLY TROPICAL HEALTH AND EDUCAMON TRUST IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Introductlon from the Chalr of Trustées This year ha5 marked a significant milestone in our journey. as we fomally ado ted a new name and updated our Memorandum and Artides of Association. that better reflects the spirit of mutuality and shared learning at the heart of our work. While the name has changed. our mission rooted in the visionary leadership of our founder, Professor Sir Eldryd Parry-remains steadfast.. to support health workers and strengthen health systems across low- and middle-income countries through transformative Health Partnership5. The story of 2024 is one of growth arnidst an ever-changing landscape for global health. Global Health Partnership5 IGHPI has expanded rapid, with a near fourfold increase in income since 2022, matched by the growth of our global team. In December 2024, Global Health Partnerships achieved an exciting milestone by becomin are istered charit in Scotland further enhancing the organisation's ability to foster new collaborations and expand its work In the country. These efforts have borne fruit not just within our own or8anisation, but acros5 the Health Partnerships we support. From Ethiopia to Somaliland. and from Zambia to Syria, we have seen tansible improvements in healthcare delivery, training, and policy engagement thanks to the work of the health professionals with whom we act. Our impact is demonstrated in the 19,223 health workers trained, the 7.155 people whose access to healthcare was improved. and the 103 Health Partnerships strengthened through fundin& convenin& and collaboration. These numbers tell a powerful story-but behind them lie thousands of acts of dedication. compassion. and courage from health workers and volunteers across the globe. This year also brought considerable external challenges. Political instability. conflict. and fragile infrastructure in many of our programme countries required constant adaptstion. A change in the UK Government, ambiguity around international development policy and uncertainty around global health funding tested our ability to plan with confidence and we antiapate significant reductions in 202>2026. Yet through strong governance, sound financial management, and the loyalty of our partners and donors. we dosed 2024 with our funding targets exceeded and a financial line of sight extersding into 2026. Our advocacy work has reached new heights, with high-level engagement in Westminster, the launch of our flagship report on Universal Health Covera e IUHCI in UK Parliament on UHC Day and partiapation at the 7P World Health Assembly with our first ever side event co-hosted with the Government of the Philippines. which championed sustainable and equitable global health workfor. These efforts reaffirm the role of Global Health Partnerships as not only a trusted Implementer. but a vital Vol in shaping the global health agenda. In March, we co-hosted the UK-Africa Hèalth Summit alongside one of its founders, Moses Mulimira who has been leading the Summit for 8years. The event saw over 3¢XJ global health leaders. policymakers, thangemakers, including diaspora leaders. come together to address the most pressing challenges facing health systems worldwide. The audience heard from 66 inspirational speakers. Induding the Uganda Ministry of Health Permanent Secretary. Dr Diana Atwine- High Commissioner ol Kenya to the United Kingdom & Northern Ireland, H.E. Manoah E5ipisu EBS,. WHO Director of Health Workforce, Jim Campbell.. UK Minister of State for Development and Africa, The Rt Hon Sir Andrew Mitchell MP; and UK Minister ofState for Health and Secondary Care, The Rt Hon Andrew Stephenson CBE MP.
GLOBAL HEALTH PARTNERSHIPS - FORMERLYTROPICAL HEALTH AND EDUCATION TRUST IA company limited by guarantee) TRUSTEES, JIEPORT FOR THE YEAR ENDED 31" DECEMBER 2024 None of this would be posslble wlthout the extraordlnary thmmitment of our staff, trustees. partners, and 5UPPOrters. I thank eath of you for your energy. your belief in our mission, and your dedication to a world where everyone, everywhere, can aCsS quality healthcare.. As we look ahead, we do sowith darFty of purFK•Seand confidence in ourdirertion.There 15 much to do-and many uncertaintles still Ile ahead but we remain 8rounded in our values and Insplred by the people we setve. In honourin8 Sir Eldryd's le8acyi we move forward united, detemiined, and hopeful. GHP is driven by deeply committed stsff, guided by 12 brilliant Trustees, and supported by a team of dedlcated Honorary Advisors. l am proud to be aiair of the Board of Trustees at this impaetful and globally respected organisation. I would like to say a special welcome to our new Trustees 15ioma Okolo. Ltsa Kelly and Joshua Howard. The Board a5 a whole continues to dedicate enormous 4mounts of time on ? voluntary ba515. Wlth each Trustee attending a quarterly o)mmittee meetlng in addition to the Board meeting. Thelr contributlon also extends to other elements ot GHP'S work. Including supportlng wlth the conference5 hÈld during the year, allowlng us to draw on in5i8ht from residents" of two African countrie5, and diaspjra. as well asthe UK. Finally. I would like to thank the Chief Executive. Senior Management Team and all other staff and consultants for thèir hard work and achievements at GHP during the year. ian Ash of the 8oardof Trustees al Health Partnerships ILI l & I loL(-
GLOBAL HEALTh PARTNERSHIPS - FORMERLY TROPICAL HEALTH AND EDUCAMON TRUST IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 315f DECEMBER 2024 OBJECTIVES AND A1vlEs For 35 years, Global Health Partnership5 IGHP and fornierly THET) has been working in partnership to strengthen health systems and build health workforce capacity in low- and middle-income countries ILMICS). Working closely with Ministries of HeaFth and in partnership with UK and LMIC health institutions, and as an NGO in (Miaal Relations with the World Health Organization IWHOI. we strenRthen health systems by responding to local and national priorities. supporting the training of health professionals. facilitating knowledge exthan8e and the devèlopment of policy and regulatory environments, and offering thought leadership and project management expertise. This year. a mid-term review of the 2022-2027 Strategic Plan was completed, informed by a TruSteStaff Away Day in October and with pro bono support from L.E.K. Consulting. At the centre of our approach is the model of Health Partnerships.. long-term rèlationships between UK and LMICS health institutions. which improve health services through the reciprocal exchange of skills, knowledge, and experience. They are rooted in an understanding that equitable relationships between health professionals across borders can benefit all involved. This report is strurtLired around our Key Perfomiance Indicators IKPlsl for the reporting period. Staff and partners reported progress against a set of quantitative targets and qualitative measures. on a quarterly basis for six Enabling Goals. and every six months on four impact goals. Our dedicated Evidence and Impart Team gathered regular reports from across the organisation, our programmes and grantees. In producing this report. our Board of TrusteÈs tan confirm that they have complied wth the duty outlined in thÈ Charities Art 2011 to have due regard to Charity Commission guidance on public benefrt. Headline achievements in 2024 From the evidence we were able to gather we improved access to health services for 7,155 people in low- and middle-income countries {LMICs) in 2024. We contributed to the training of 19,223 health worker5 in 2024. We supported 103 Health Partnerships to improve their capacity and effertivene55. We also supported 507 UK health workers to engage in global health activities throughout the year. We have produced 6 piece5 of new evidence and learning and disseminated these internally and amongst our stakeholders, including our flagship report: Advancing Universal Health Coverage Through Health Partnerships. We delivered our online annual conference"Stren henin Collective Action for Global Health in November, with 527 total reglstrants, including 275 from LMICS and attendees from 41 countries. We hosted the UK-Africa Health summit attended by over 300 global health leaders, policymakers, and changemaker5.
GL08AL HEALTH PARTNERSHIPS - FORMERLY TROPICAL HEALTH AND EDUCATION TRUST (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 315T DECEMBER 2024 We started the new UK-Zimbabwe Health Partnership Pilot, funded by FCDO Zimbabwe, supporting 6 new grants between Zimbabwean and UK partners. 30 grants in total were awarded totalling £691,093. Our performance against our strategy I. IMPAcf GOAL I: To strengthen the health workforce and the health 5yStem5 in which they work Improved access to health services: We are able to evidence improved access to health services for 7,155 people in low- and middle-income countries ILMICS) in 2024. This number was notably influenced in the last quarter by reporting from the Fraxinus Trust-funded Improving NCD Care for Underserved Communities in Ethiopia project. which included results from NCD awareness raising and screening activities. Examples include improved he31th-seeng behaviour among children and adults in Ethiopia and improvements to processes at Hargeisa Group Hospital in Somaliland as part of the Nursing Now Fellowship programme. We contributed to the training of 19,223 health workers in 2024. The main cadres trained included Nurses, Doctors, Midwives, Pharmacists, and Health Extension Workers, with figures largely driven by the Global Health Workforce Programme IGHWP) and the Global Capacity Building Programme IGCBI. Of those trained, 6,323 health workers were tested and demonstrated improved knowledge/skills in 2024. Longitudinal retainment of improved knowledge and ski11s1>3 months) was demonstrated through projects like the Ethiopia Improving NCD Care projert. where healthcare workers accuratelv measured blood pressure and sugar levels, and the Nursing Fellowships programme in Somaliland, where healthcare workers applied the National Harmoni2ed Medical curriculum appropriately. In addition, we engaged extensively with external organisations and decision-makers through policy and learning activities. Highlights include: The Global Health Partnerships Online Conference'stren henin Collertive Artton for Global Health ' delivered in November, Served as a significant platform. with 527 totsl registrants, including 275 from LMICS and attendees from 41 countries. Highlights included the formal announcement of our renamin& positive feedback on speaker diversity, and high-level representation from Kenya's Cabinet Secretary for Health and NHS England INHSE). Policy engagement with UK Parliamentarians involved targeted briefings, meetings, and events, including meetings with Lord Mcconnell. Lord Oates, and Dr Becc¥ Cooper MP. GHP speakers participated in panels at both Conservative and Liberal Democrats conferences. In March, we c<Fhosted the UK-Africa Health Summit alongside one of its founders, Moses Mulimira who has been leading the Summit for nearly 10 years. The event saw over 300 global health leaders, policymakers. changemakers. including diaspora leaders and a range of health workers. come together to address the most pressing challenges facing health %ystems worldwide. The audience heard from 66 inspirational speakers, including the Uganda Ministry of
GLOBAL HEALTH PARTNERSHIPS- FORMERLY TrOPICAL HEALTH AND EDUCATION TRUST IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 315f DECEMBER 2024 Health Permanent Secretary, Dr Diana Atwine; High Commissioner of Kenya to the United Kingdom & Northern Ireland, H.E. Manoah Esipisu EBS; WHO Director of Health Workforce, Jim Campbell; UK Minister of State for Development and Africa. The Rt Hon Andrew Mitchell MP,. and UK Minister of State for Heah and Secondary Care, The Rt Hon Andrew Stephenson CBE MP. Our flagship report"Advancin Universal Health Covera e Throu h Health Partnershi s" was launched in Parliament on UHC Da in December attended by approximately l(Xi Euests from the FCDO, DHSC, NHSE and High Commissions. Speakers at the launch included Dr Lauren Sullivan MP, Dr Beccy Cooper MP, the Rt Hon Andrew Mitchell MP, Dr Lucia Vambe and the Tanzanian Minister of Health Hon. Jenista Mhagama. We contributed to the FCD(Ys Developrnent Review. The Health Advocates Network grew to 213 members and delivered the "First 100 Days" campaign, resulting in a letter signed by 43 individuals. including presidents of 6 diaspora associations. We supported an event at Barking. Havering and Redbridge NHS Trust IBHRUTI celebrating staff diversity and diaspora contributions, attended by Tanzania's High Commissioner and Health Minister. Presentations were given to NFL5 Leadership Academy trainees to raise awareness of our work and the contributions of the diaspora. The Wales focused version of our Voices of the Experts in our Midst report was launched in the Welsh Senedd. ublished and 2. IMPAcf GOAL 2: To strengthen the Health Partnership community We supported 507 UK health workers to engage in global health in 2024. In the last quarter alone. 94 UK health workers engaged, providing 715 days through placements and online support. One such example saw UK volunteers from the Association of Breast Surgery developing an online training course for Sanofi funded Master Trainers as part of the Breast Cancer Care project in Uganda and Zambia. We supported 103 Health Partnership5 to improve their capacity and effertiveness. Opportunities for partnerships to convene included a closing ceremony for the 65 Fellows of the Nursing Fellowship in Partnership with the Nursing Now Challenge. and ten health partnership speaker slots at the GHP annual conference. We awarded 30 grants totallin8 over £6IX).0 to Health Partnerships in 2024. This included nine extension grants for antimicrobial stewardship interventions in su&Saharan hospitals, and seven grants to NHS institutions and African partners working across a number of themes. such as post-collision care, minimally invasive surgery, and health workforce wellbeing.
GLOBAL HEALTH PARTNERSHIPS- FORMERLY TROPICAL HEALTH AND EDUCAMON TRusr {A company limitÈd by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31- DECEMBER 2024 Early in 2024, the FCDO funded UK-Zimbabwe Health Partnership Pilot (UKZHPP) began. The programme supports health systems strengthening {HSS) through piloting six health partnership initiatives that support the government deliver on Zimbabwe's Health workfor Investment Compact. 3. IMPAcf GOAL 3: To be ambitious In our approach to equity and Inclusion A number of activities were carried out acr055 GHP team5, programmes. andwithin Health Partnerships to encourage gender, equity and inclusion IGESI). Between oCtober-DeMber 2Q24, 4 grants programmes and 3 direct country programmes reported specific GESI activities, alongside 22 activities reported across GHP teams. Highltghts include". Engaging Elders and women in Kenya for AMR awareness through the Commonwealth Partnerships forAntimitrobial Stewardship ICWPAMS 2) Integrating GESI components into emergency medicine training in Ghana IGHWPI Delivering virtual GESI training to women and persons with disabilities in rural Kenyan counties IGHWPI Progressing the GESI strategy in the Up5killing and future-proofing human resources for health and enhancing health governance for Uniwersal health coverage and better-quality care IUFUQ) programrne in Syria, including reviewing curricuk and adding GESI criteria to conference selections. Out of 11 GHP projects assessed, seven {64%) were providing wlidence of being at least 'GESI- Specifid.Areas identified forfurther support include using disaggregated data to inform decision-making and focusing on disability within projects. 4. IMPA GOAL 4: To ensure all ourwork advances cllmate mltigation adaptatlon and reslllence During the first three quarters of 2024, we evidenced that GHP staff international travel emitted 34.3 tonnes of C02. Progress on the development and roll-out of carbon-budgeting for programmes wa5 held up due to Staff capacity issues. During the mid-term review of the Strategy in late 2024, a decision was made to temporarily deprioritise ourwork to advance climate mitigation, adaptation and resilience. We will look to return to this workwhen capacity and time allows. 5. ENABUNG GOAL I: Ensure all GHWS progranime5 meet appropriate quality standards All programme5 were assessed against our Quality Stsndards, with 100% of the 11 programmes reviewed achieving our minimum quality benchmarks. This marks a significant improvement Compared to 2023, when 6 programmes did not reach the desired standards. Programme management tools such as the Programme Manager Master ReportinESheet and ProEramme ManaEer Guidance Manual were rolled out and applied. A Programme Quality Self- assessment tool was refined to enable deeper analysis and improvement, particularly regarding GESI, Do
GLOBAL HEALTH PARTNERSHIPS- FORMERLY TrOPICAL HEALTH AND EDUCATION TRUST (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31V DECEMBER 2024 No Harm, and climate resilience. Identified gaps needing further support across programmes include cross-department collaboration, Health Partnership5 risk management, climate resilience, GESI, stakeholder feedback/reflertion time, sustainability, and exit strategies. Learning and Development {L&D) sessions on Data Management and Conflict Sen51tivity were conducted, along with annual safeguarding training. 6. ENABLING GOAL 2: Generate and use robust evldence to inform our work and the work of others, recognising the mutual benefjt of collaboration. We produced 6 pieces of new evidence and learning in 2024, meeting our target and disseminated these internally and externally. All completed programmes produced completion or evaluation reports. The flagship report "Advancing Universal Health Coverage Through Health Partnerships" highllghted the mutual benefit of Health Partnerships and how Health Partnership5 can be a force for advancing the UK'S domestic and Global Health Priorities, while supporting progress towards UHQ The renamed Evidence and Impact Team (EIT- previously REL) began developing GHP'S orEanisational LearningAgenda, a programmes datastrategy,anda processwasstarted to assessthe online Programmes Portal for effectiveness and appropriatene5S. 7. ENABLING GOAL 3: Create a people-centred or8anisation by brin8in8 alive our core values The 2024 annual staff survey was carried out in August, with results shared with the Board in December. Key flndings include - Over 75% of staff report being satisfied workin£ at THET/GHP. 100% of staff are meeting expectation5 (scoring on average 315 within the 2023/2024 360° staff appraisals) adhering to the organisation's core values in their work. Staff continued to dedicate one day each month to personal learning and development. Programme Quality workshops were organised, covering topics such as new business development, GES1, MEL, risk management, and Microsoft 5y5tems. 8. ENABLING GOAL 4: Effectively manage our finae and operations across the organisation Currently, all our office5 are operating within appropriate financial and operational stsndards. GHP'S Global Finance Manual is a key document which clearly outlines our financial management framework includingfinancial policies, standards, and proceduresforGHP both in the UKand forouroverseas country offices. Currently each jurisdiction is working in-line with the Global Finance Manual, with monthlv reviews taking place. Annual audits were completed on time and without qualifications. 10
GLOBAL HEALTH PARTNERSHIPS- FORMERLY TROPICAL HEALTh AND EDUCAMON TrUST IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31sf DECEMBER 2024 9. ENABLING GOAL 5: StrenEthen our use of technology across all our work The Dlgital Transformatlon Strategy wa5 reviewed. and a new Digital Transformation Manager was recruited. The strategy focuses on developing internal digital Skills I'Being Digital'l and using digital solutions to amplify impact {'Doing Digital'l. The Saving Mothers at Delivery Programme in Myanmar made succegsful use of our Pulse e-learning platform to deliver quality rernote training to health workers in private and Ethnic-zone health facilities in Myanmar. Engagement with the Pulse platform saw user numbers increase over the year to 1,596 by the end of 2024, though the interaction rate per user fell slightly. There were no significant digital security Issues reported, and guidelines on cyber securitywere issued. 10. ENABLING GOAL 6= Generate diverse and sustainable funding We exceeded our annual total income target of £5,168,000, having secured a total of £6,579,669, which 1$ 102°A of our stretch target for 2024. This figure represents the total value of new contracts Secured in 2024 {not income recognised in 20241. The income for these new contracts will be recognised Dver the len8th of the project5, in line with the donor condwiion5. Durin8 2024, 34 proposals were submitted. 95% of our secured funding in 20241£6,280,879) was from instTrtutional donors, and in particular the UK government IFCDO Myanmar, FCDO Zimbabwe (a new donor) and DHSC (for the extension to the Global Health Workforce Programme)). Aside from this, 4% of our funding {£269.650), was secured from Trusts and Foundations, and £28,660 was secured from individual donors. Whilewe exeded the overall target, significant progress is required in 2025 forTrusts and Foundation5 and individual donors. Proposal success rates in 2024 included 2 out of S proposalsto institutional donors being successful140%), and 7out of 25128%) applications totrusts and foundations. 95% of new funding secured is for more than 12 months, although much is only slightly over 12 months, highlighting the need to identify additional sources. The confimation of Significant fijnding streams from DHSC IGHWP extension and an invitation to apply for an AMS programme extension) provides a financial line of sight toApril 1st 2026. While grateful forthis, due to uncertainty, planning assumes no major new UK Government Health Partnership scheme will launch in 2025, &nvi8orating efforts tofurther diversify income. 11. KEY LESSONS LEAR- Challenges in 2024 Beyond the external context of political instability, conflict. and funding uncertainty, internal operational challenges remain in managing rapid growth, including embedding new systems and processes and ensuring sufficientcapacityin supportteams like HRand Operations. Identified gaps in programme quallty 11
GLOBAL HEALTH PARTNERSHIPS- FORMERLYTrOPICAL HEALTH AND EDUCATION TRUST (A company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31- DECEMBER 2024 management also require further support. The SMT continues to track incident5 Wlth potential impact on staff and programmes at weekly meetings. 12. Structure, Governance and Matragernent GHP is a reglstèred charlty Ireglstratlon number 11131011 and 15 constituted a5 a company reglstered In England and Wales and lirnited by guarantee {registr3tion number 05708871). Its objects and powers are set out in its Memorandum and Article5 of Association, whith was updated in 2024 and is the ¢harit¢s governing document. 13. Trustees The Directors of GHP are the Trustees, collectlvely known as The Board of Trustees (The Board). The Board, GHP'S Soverning body, comprises a minimum of 3 and a maximum of 12 Trustees. Trustees serve an initial term of three years that can be extended for up to a maximum of three years. The Trustees are also members of the companv. New Trustees are appointed by ordinary resolution at the general meeting. Members ofthe Board have guaranteed the liabilities of the company up to £1 each. Trustees are appointed following open advertlslnE In spedalist publications or on speaalist websites and following a rigorous inteNiew pro55. All new Trustees are provided with a structured inductlon programme. The Board of Trustee5 has created foul specialist su&committees to a55iSt it Wtth Its work: thé Flnancè, Risk and Governance Commlttee IFRGCI, the Programmes Quallty Committee, the Remuneration Committee IRemCo) and the External En8agement Committee. Each committee includes members of the Board and may include additional member5 appointed for thelr specialist knowledge. The Finance, Risk and Governance Committee IFRGCI. GHP'S audit committee. chaired by the Treasurer, meets as neSary with the extemal auditors. The FRGC reviews the external auditorfs management letter and monitors implementation of actions required as a result. The FRGC a150 has respon5iblllty to 3dvlsÈ the Board on whèther the audit. risk management and control processes within GHP are effectlve. The Remuneratlon Commlttee monltors GHP'S policy on remuneratlon and benefits for Its Sfaff and reports annually to the Board. The Remuneration Committee meets annually and was thaired by Justinlan Ash. In 2024, salaries are set after consideration of the cost of livin& the finanaal position of the tharity, and roles and responsibilitie5 after taklng Into account the contracts being handled by GHP. GHWS Trustees are responsible for everythlng that GHP does. However, to ensure that GHP is managed efficiently and effectlvely, the Trustees have delegated a range of day-towday decision-making powers to the Senior Manasement Team. Trustees have also estsblished appropriate controls and reporting mechanisms to ensure that the Senior Management Team operates within the scope of the PO7&vers delegated to it. The delegation policy is 12
GLOBAL HEALTH PARTNERSHIPS- FORMERLY TrOPICAL HEALTr1 AND EDUCATION TRUST IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEM8ER 2024 updated on an ongolng basls and is formally reviewed and approved by Trustee& The members of the Senior Management Team are not directors forthe purposes ofcompany law. There ha5 been no specific restriction imp05ed by the charlvs governing document on the operation of the Trust. Trustees are authorised by the chariws governing document to invest any money of the Charlty not immediately requlred for its function in appropriate. legal Investment5 provided that any neSary consents are first obtained. Annual Tstee actlvlty A typleal year for a Trustee includes the following: Attendance at four Board meetings per annum Attendance atthe AGM Attendance at committee meetings, and at ad hocgroups convened for specific purposes Attendance at staff or senior management meetings on an occasional basis Attendance at events {e.g.. public meetings, meeting5 with GHP voluDteers/supportersldonors, GHP Awav Dayl Att&ndance at the Annual Conference Trustees with specialist knowledge maywork with senior management, both to provide advice and support, and to enhance board under5tandins and scrutiny. 14. Risk assessment The Trustees keep strategic and operatlonal risks under revlew at the quarterly Finance. Rlsk and GovÈm3nce meetSngs, and Board of Tru5tee5 meetings. This involves an assessment of probabillty and potential impact, and a dlscussion of mltlgating actions prepared by GHP'5 Senior Management Team. The three most significant risk5, and a summary of mitigations, are as follow5- Most grant5 have a onepttrtwo-year horizon, SQ there is a risk of potential downturn5 in funding. Mitigations include activity to inform and Influen go¥emment. dose monitoring of income, Income diversification inltiatlves and the malntenance of a financial knfferto allow for restructuring if necessary. Operating across many different jurisdiction5 and regulatory regimÈs. GHP Is open to the risk of fraud and non-compliance with lool regulation& This is mitigated- inter alia - by clear policles upon whlch 5tsff are fully briefed. The nature of GHVS international risks means we are exposed to volatile countrSes, and in some cases war zones. GHP maintains a close eye on local ndItIOnS and is able to respond swiftly with safety. securlty, hibernation, evacuation andlor buslness continuity plans as requlred, so we can protect our valued staff and volunteer5. 15. Our approach to fundraising activities The charity raises funds from diverse sOUrS induding institutlonal donors. Trusts and Foundations, prlvate sector partners and Individuals, in the UK and internationally. We have developed an Ethical Fundra15in8 Policy to guide decisions on soliatation and acceptance of funds and undertake due diligence on new donor5. 13
GLOBAL HEALTH PARTNER5HIP5- FORMERLY TROPICAL HEALTH AND EDUCATtON TRUST (A company Ilmlted by guarantee) TRusfEES' REPORT FOR THE YEAR ENDED 315F DECEMBER 2024 The charity undertake5 bi-yearly fundraising campaign5 which reach a small number of patrcns and supporters who have consented to re1ve the campaigns. Beyond this the Trustees are pleased to receNe unsolicited glfts and legacies from patrons and supporters who generou51y 5UPPQrt our work. Beyond thls, GHP does not currently actNely fundraise from the public, run legacy campaign5, or undertake similar fundraising activities in its own right. The charity does not currently engage professional fundraisers or thir(kparty agencies to f undralse on Its behalf. The charity adheres to the Fundraising Regulatorfs Code of Fundraising Practice to ensure our fundraising Is legal, open, honest, and respettful. While the charlty engages in limited direct fundraising activity. step5 are taken to ensure that communication5 are re5pertful and do not place undue pressure on individuals. The charlty is mindful of its responslbllitles to protect the publiq includins vulnerable people, from intrusive or perslstÈnt fundralsing approaches. No complalnts have been received from funders or beneficiarie5 in respect of fundrdi5ing activlties undertaken by the charity. Grant-makin olldes GHP issues grants to Health Partner5hipsdelivering project5 in keeping with its mission. Grants are sèlÈctÈd following a fair and transparent process whereby appllrants are provided with template forms and guidelines that State the purpose of the fund5. eligibility criteri4 and a tbrnelinefor submi55ion and selection. on awarded. and when contrarts are signed. grants are managed in line wlth the Grants Management System, whlch set5 Out checks and controls to ensure that funds are being used for the purpose ststed in the application. Finanaal and narrative reports are submitted at contracted intervals to show levels of spend and activity against plan and, where necessary. to explain exceptional Varian$. Milestones are set during the Inceptlon phase of each grant and progress is measured against these. Other rlsk management processes indude check5 and controls on adequate financial management and verification of the legal protection and safety of those involved in the project. Information is gathered through reports and meetings and through spot checks on receipt5 and other documentation. Financial Review: Key highllghts from the 2024 Aecounts are". Total income increased frvm £5.35m in 2023 to £14.58m in 2024. Total expenditure increased from £5.25m in 2023 to £14.27m in 2024. Net current as5et5 Idebtors + cash- creditors) increased by £303k to £5.(M. Unrestrlcted reseNes were £1.03m. The story of 2024 15 one of growth amidst an ever-changing landscape for global health. Global Héalth Partne1p5 IGHPI has expanded rapidly, with a near fourfold increase in income Sin 2022. matched by the 8rowth of our global team. 14
GLOBAL HEALTH PARTNERSHIPS - FORMERLY TROPICAL HEALTH AND EDUC4TION TRUST IA company limited by guarantee) TRUSTEES, AEPORT FOR THE YEAR ENDED 31sf DECEhrtBER 2024 The principal funding sources in 2024 were government tK)dies. induding the Foreign. Commonwealth and Development Office and the Department for Health and 5oaal Care- public bodies. includlng NHS England.. corporate entities, suth as Sanofi; and Trusts and Foundations. such as the Bill & Melinda Gates Foundation and the CRI Foundation. This funding is used for various project activities as specified in the donor agreements. For specific details of these projects please refer to Note 16 of the accounts. Whilst the Trustees consider the outlook for GHP in 2025 to be broadly positive, in subsequènt years the charity will be affected by the reduction in government funding for overseas aid. The strong unrestricted reserves position reported this year. and GHP'S Sound processes of finanaal planning put the d)arity in a good position to navigate these more challenging times ahead. Choritoblefvnds The funds held by GHP are in Interest-bearing accounts managed by the aritIeS Aid Foundation and HSBC Bank 1¢ from whlch they can be withdrawn as needed_ The TriJ%t [% Abl@ to meet all its obligation and commitments within Its present cash flow and assets. GHP does not hold assets except as detailed in the accounts. The salaries of project staff are derived mainly from 8rants. GHP operates in collaboration with other charitable bodies to pursue its objertives. Resenws Polky The Board of Trustees has established a General Reserves Pollcy whlch contlnues to protect our prugramme work from risk of disruption at short notice due to a lack of funds. The Policy also provides parameters for future strategic plans and contributes towards deasion-making. It determines an appropriate target level for general reserves, taking into account the following factors: Vulnerability to unplanned changes in financtal position, relating mainly to unpredictabilrty of fundraising and unrestricted income and securing fvture restricted and unrestricted contracts. Net financial risk related to the above, taklng Into account the likely speed of onset as well as the mitigation steps available to management. The fact that expenditure is generally predictable and long term, viith the exception of 'variable' spend on restricted programmes where rtsks typically involve unplanned events such as hostile 8ovemment action or major uninsured health and safety or security emergencles. This approach provides a target base level of general reserve5 for good governance- to cover 3 months organisational closure cost and the costs incurred by cessation of programme and grant activity. The basis of determining the target reserves level is kept under review and is adjusted to refiect funded activity, and thu5 organisational size, taking into account actual and perceptions of rlsk. The minimum target level of reserve5 in 2024 was set at £475,C(K). Free reserves. representing unrestricted funds less tangible fixed assets were £1.026.053 at 31 December 2024, slgnificantly exceedin8 the minimum target. 15
GLOBAL HEALTH PARTNERSHIPS- FORMERLY TROPICAL HEALTH AND EDUC4MON TRUST IA company limited by guarantee) TRUSfEES' REPORT FOR THE YEAR ENDED 31" DECEMBER 2024 Arrungementsjormonitorlng ond revlewing t resems policy The reserves policy is. as a mlnlmum. subjed to annual review by Trustees, wlth the next revlew scheduled for December 2025. In addition, the Trustees monitor GHP'S Performan against the bud8et throughout the year and consider the need for a recon5ideratlon of reserves, dependent upon changes in actNity and organisational strueture. 6enerufReserves {UnrestrlctedJ General reserves are not restricted to or designated for a particularpurpose. General reserves are £1,034,98712023 - £691,185) at the end of December 2024. A detailed revlew of the level of unrestricted re5eTVÈg Was condurted In 2024. RestrtrtedFunds These funds are tied to particular purpose5, a5 Specified by the donor or as Identified 3t the time of a public appeal. At 31 December 2Q24, unspent restricted funds were £2.035,110 {2023- £2,069,232). Totalfunds At 31 December 2024. total funds were £3P7097, wlth £8,935 of this relating to fixed assets. FUre plans In 2025. in line with our mid.term review of the Strategy, we wÉll give greater focus to surfacing our evidence and diversifylnE our funding. We will continue to deliver a number of our current programme5. including the Global Health Workforce Programme, now including partnerships in Ethiopia, Somaliland and Malawi, In addition to those in Kenya, Ghana and Nigeria and the Commonwealth Partnerships for Antimicrobial Stewardship. We look fOard to once again co-hostlng the UK AfdrA Health Summit and to progressing our work with Diaspora health workers and organi5ation5. Trusteerfresponslbllltles Company law requires the Trustees to prepare aCCQEtnts for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deftcit of the thority for that period. In preparing these accounts, the Trustees are required to= Select sultable accounting policies and then apply them consistentlyp Make ludgements and estimates that are reasonable and prudent,. Prepare the accounts on the going cOnn basls unless it is inappropriate to presume that the tharlty villl continue in operation. 16
GLOBAL HEALTH PARTNERSHIPS - FORMERLY TROPICAL HEALTH AND EDUCATION TRUST IA company lirnited by guarantée) TRUSTEES, REPORT FOR THE YEAR ENDED 31" DEMBER 2024 TheTrustees are responsible for keeping proper accounting records which cf15c105e wtth reasonable accuracy at any timethe financial p051tion of the charity and to enable them to ensure that the account5 comply with the Companies Act 21X)6 and with Accounting and Reporting by Charities- statement of Recommended Practice (Charitie5 SORP IFRS 10211. They are also responsible for safe6uardin8 the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Each of the Trustees confirm that: Sct far as they are aware there is no relevant audit information of which the ¢hèrlVs audltors are unaware, and, They have taken all the necessary step5 that they ought to have taken as Trustees In order to make themselves aware of any relevant audit Infom)ation and to establish that the charity's auditor5 are aware of that information. This report has been prepared in accordancè with the special provisions of Part 15 of the Companies Aci 2006 relating to small companies. The Trustees have tsken the exemption available to small companiés and have not prepared a Strateglc Report. Approved by the Board of Trustee5 on and signed on its behalf by r of Trustees l¥l&iL)Lf. 17
INDEPENDENT AUDITOR'S REPORT TO TrIE MEMBERS OF GLOBAL HEALTH PARTNERSHIPS (FORMERLY TROPICAL HEALTH AND EDUCATION TRUST) Opinion We have audited the financial statements of Global Health Partnerships ('the company,) for the year ended 31 December 2024 vthich comprise Ihe Statement of Financial Activities. the Balance Sheet, the Statement of Cash Flows and notes to the financial ststements, including signifi¢antaccounting policies. The financial reporbng frameworkthat has been applied intheir preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard Applicable in Ihe UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial ststements-. gNe a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its incoming resources and applicab'on of resourGes, including ts income and expenditure, for the year Ihen ended; have been properly prepared Ni accordance with United Kingdorn Generally Accepted Accounting Practice", and have been prepared in accordance with the requirements of the Companies A¢t 2006. the Charities and Trustee Investment (Scotland) Acl 2005 (as amended), regulations 6 and 8 of the Chatities Accounts (ScotEand) Regulations 2006 (a5 amended) and the Charities Act 2011 . Basis for opinion We conducted our audit in accordance wrth International Standards on Auditing (UK) (ISAs(UK)) and applieable law. Our responsibilities under. those standards are further descrtbed in the Auditorfs Responsibilities for Ihe audit of the financial statements section of our report. Vve are independent of the charitable company in accordance the ethical requirements Ihat are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fvlfilled our other ethical responsibilities in accordance with Ihese requirements. We believe that the audit evidence we have obtained k8 sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concem In audibng the financia5ststements, we have ¢on¢luded thatthe trustees, use ofthe going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating tD events or conditions that, individually or collectively. may cast significant doubt on the charttable company's abilty to continue as a going concem for a period of at least twelve months from when the financial statements are aulhorised for issue. Our responsibiltties and the responsibiltlies of the trustees wilh respect to going concem are described in the relevant sections of this report. Other infomiation The other information comprises the information included in the annual report, other than the financial ststements and our auditor'5 reportthereon. The trustees are responsible for the other infofmation. Our opinion on the financial statements does not cover the olhèr information and, except to Ihe extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audlt of the financial statements, our responsibilty is to read the other information and, in doing so. consider whether the other information is materialty inconsistent the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether there is a material misstatement in the financial statements or a material misstatement ofthe other information. If, based on the workwe have performed, we conclude thatthere is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GLOBAL HEALTH PARTNERSHIPS (FORMERLY TROPICAL HEALTH AND EDUCATION TRUST) Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit-. Ihe information given in the trustees. annual report for the financial year for whidi the financial statements are prepared is consistent with the financial statements: and the trustees, annual report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowtedge and understanding of the company and its environment obtained in the course ofthe audit, we have not identified material misstatements in the trustees, annual report. We have nothing to report In respect of the following matters vthere the Companies Act 2006 requires us to report to you if, in our opinion-. adequate accounting records have not been kept. or relums adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreemenl wilh the accounting records and retums; or certain disclosures of trustees. remuneration specified by law are not made. or we have not received all the information and explanations we require for our audit., or the trustees were not entitted to take advanlage of the small companies exemption from preparing a Strategic Report. Responsibilities of trustees explained more fulty in the trustees, responsibilit$ statement set out on page 16, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such intemal control as the trustees determine is necessaryto enable the preparation offinancial Statements that are free from material misstatement, whether due to fraud or error. In preparing Ihe financial statements, Ihe trustees are responsible for assessing the charitable company's ability to continue as a going concem. disclosing, as applicable. matters related to 90ing concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditovs responsibilities for the audit of the financial statements We have been appointed as auditor under Section 44{1)(c) of the Charities and Trustee Investment (Scotland) Act 2005, Ihe Companies Act 2006 and Sedion 151 of the Charities Act 2011 and report to you in accordance with regulations made under Ihose Acts. Our objectives are to obtain rèasonable assurance about whether the financial statemènts as a whole are free from material misstatement, ether due to fraud or error, and to issue an audttor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit Gonducted in acGordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered Material if, indÈvidually or in aggregate, they could reasonably be expected to inlluence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with ISNS (UK) we exercise professional judgement and maintsin professional scepticism throughout the au(bt. We also- Identify and assèss the risks of material misstatement of the fjnancial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that FS sufficient and appropriate to provide a basis for our opinion. The risk of not deteGling a material misstatement resulting from fraud is higher than for one resulting from 19
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GLOBAL HEALTH PARTNERSHIPS (FORMERLY TROPICAL HEALTH AND EDUCATION TRUST) error, as fraud may involve collusion. forgery, intentional omissions, misrepresentation5. or Ihe override of internal control. Obtain an understanding of intemal 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 effecltveness of the charitable company's internal control. Evaluate the appropriatene55 of accounting poficies used and the reasonableness of accounting ests'mates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concem basis of accounting and, based on the audit evidence obtained. whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concem. If we conclude that a material uncertainfy exists, we are required to draw attention in our auditor's reportto the related disdosures 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 conditions may cause the charitsble company to cease to continue as a going concern. Evaluate the overall presentstion. slructure and content of the fjnancial statements, including the disclosures. and whether the financial statements representthe undertyingtransactions and events in a manner that achieves fair presentation. We communicate with those charged with govemance regarding. among other matters, the planned scope and timing of the audit and significant audit findings, induding any significant deficiencies in internal control that we identify during our audit Explanation as to what extent Ihe audit was considered capable of detecting irregularities, including fraud Irregularities. including fraud. are instances of non-compliance wtth laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to vthich our procedures are capable of detecting irregularities, including fraud is detailed below. The objective5 of our audit in respect of fraud, arè" to idenlÉfy 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 misststement due to fraud, through designing and implementing appropriate responsesto those assessed risks,. and to respond appropriately lo instances of fraud or suspected fraud identified during the audit. However. the primary responsibilty for the preventlon and detection of fraud rests with both management and those charged with governance of the charitable company. Our approach was as follo. We obtained an understan(fing of the legal and regulatory requirements applicable to the company and considered that the most significant are the Companies Act 2006, the Charities and Truslee Investment (Scouand) Act2005 {as amended), regulations 6 and 8 of the Chartties Accounts {ScoUand) Regulations 2006 (as amended), the Charities Act 2011, the Charty SORP. and UK fjnancial reporting standards as issued by the Financial Reporting Council and UK taxation legislation. We obtained an understanding of how the charitable company complies with these requirements by discussions wilh management and those charged with governance. We assessed Ihe risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions wth management and Ihose charged wlh govemance. 20
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GLOBAL HEALTH PARTNERSHIPS (FORMERLY TROPICAL HEALTH AND EDUCATION TRUST) We inquired of management andthose charged wth govemance as to any known instances of non-compliance or suspected non-complian¢e with laws and regulations. Based on this understsnding, we designed specific appropriate audit procedures to identify instances of non-compliance V*ith law5 and regulab-ons. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required. There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance th law5 and regulations that are not dosely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higherthan the risk ofnot detecting one resulting from error, as fraud may involve deliberate concealment by, for example. forgery or intentional misrepresentations, or through collusion. Use of ourreport This report is made solely to the charitable company's members, as a body, in ac¢ordan¢e with Chapter 3 of Part 16 of the Companies Act 2006; and to the ¢harity's trustees, as a body, in accordance with Section 44(1)(c} of the Charities and Tnjstee Investment {ScoUand) Act 2005, and in respect of the consolidated financial slatements. in accordance with Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has been undertaken so that we might stste lo the charitable company's members and trustees those matter5 which we are required to state to them in an auditor's report and for no other purpose. To the lIest extent permitted by law, we do not accept or assume responsibility to any party olher than the charitable company. the charitable company's members, as a body. and the charty's trustees, as a body for our audit work. for this repo¢ or for the opinion we have formed. J_A LLe Neil Finlayson {Senior Statutory Audttor) for and on behalf of Moore Kingston SmÈth LLP. Statutory Auditor 9 Appold Street London EC2A 2AP Date: 5 September 2025 21
GLOBAL HEALTH PARTNERSHIPS (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total 2023 Total Unrestricted Restricted Note In¢ome from: Donations and legacies Charitable activities Investment income Other inGome 77,864 945,543 4,359 219,374 77,864 14,278,141 4,359 219,374 29,670 5.254,513 783 62,129 13.332,598 Total income 1,247,140 13.332.598 14,579,738 5,347,095 Expenditure on: Raising Funds Charitable activities 461.861 435,965 461,861 13,808,197 171,623 5,083.187 13,372.232 Total expenditure 897,826 13,372,232 14.270,058 5.254,810 Net incomellexpend iture) 349,314 {39,634) 309,680 92,285 Transfers between funds 16a (5.512) 5,512 NÉt movwnent in funds 343.802 (34.122) 309.680 92.285 Reconciliation of funds: Totsl funds brought forward 16a 691,185 2.069,232 2,760,417 2.668,132 Total funds carried for¥vard 16a 1,034.987 2,035,110 3.070,097 2,760,417 The Statement of Financial Activities includes all gains and losses recognised in the year. A full comparats've Statement of Financial Activities is presented in note 23. The notes on pages 25 to 37 form part of these financial statements. .22
GLOBAL HEALTH PARTNERSHIPS (A company limited by guarantee) BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Note Fixed assets Tangible assets 12 8,935 2,280 8,935 2,280 Current assets Debtors Cash at bank and in hand 13 1,287,651 2,290,669 1,163.000 3,729,159 3.518,320 4,892,159 Liabilities Creditors: amounts falling due within one year 14 (517.158) (2,134.022) Net current assets 3.061,162 2,758,137 Total net assets 3,070.097 2.760,417 Tho funds of the charTty Re8tricted income funds Unrestrirted income fund5: General funds 2,035,110 2.069,232 1,034,987 691,185 Total charity funds 16a 3,070,097 2,760,417 The financial staternents have been prepared in accordance the provisions applicable to entibe5 subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees on . and were signed on their behalf by.. MrJ Cha tini of Trustees (Ltrl bl loLS- The otes on pages 25 to 37 form part of these financial statements. 23
GLOBAL HEALTH PARTNERSHIPS IA company limtted by guarantee} STATEMENT OF CASH FLOWS ST FOR THE YEAR ENDED 31 DECEMBER 2024 Note 2024 2023 Cash flows from operating actlvities Net cash Provided by operating activities (1,433,9501 830,475 Cash flows from investing activitles". Interest received Purchases of tsngible fixed assets 4359 (8,898) 783 12,189) Net cash used in investing aGtivitie5 (4,539) 11,406) Change in cash and Ga5h equivalents in the year (1,438,489) B29,089 Cash and cash equivalents at the beginning of the year 3.729.159 2.900.090 Cash and cash equivalent5 at the end of the year 2,290,670 3,729.159 Reconcillatlon of net movements in fund to net cash flow from operating activities 2024 2023 Net income for the reporting poriod las per the statement of financial activities Depreciation charges (Gains)Aosses on investments {Inciease)Idecrease in debtors IncreaselldecTease) in creditors Inteiest received 309,680 92,285 2.243 2,063 (124650) 11,002,243) {1,616,8641 1.739,153 (4,359) (7831 Net Gd5h provided by opeiating aGtivilies (1,433,950) 830,475 Cash and cash equivalents comprise solety ¢ash at bank and in hand (knring both the current and prior year. The notes on pages 23 to 33 form part of Ihese finan(aal statemerts. 24
GLOBAL HEALTH PARTNERSHIPS (A Company limlted by guarante0) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 DECEMBER 2024 Accounting policie5 a} Statutory Information Global Health Partnership5 15 a private company IMrit¢d by guarantee and is In¢orptsratèd in England and Wales and a charity register•d wfth th¢ Charity Commis$iorE. The registered offKe dddre5S 15 thsdosed on the rnmpany irrfomatK>n pa9è. bl Basis of Preparallon The financial 5tatsments havo been prepared under the htstorkal $t convention with items TPCDgrtised al cost or transactp)n value unles5 Othemse ststed in the re]evant notels) to th8se financal 5tatsments. The financial statèmonts hav¢ been prepared in accoldan knGountS#g and Reporting by Charlies: Statemert of Re¢ommended Pradice aPble lo Charities prèparing thoii antS in ac¢ordance 1th the FinavcHI Reporting Standard applicable in the UK and R0publi¢ of ITeland (The Charlies SORP IFRS 10211 effedNe frtsm 1 January 201 g. tho Companp$ Aet 20(6. the Charitses Ad 2011, the Charty Ttee and Invesbnent ISGOtJandl A¢t 2005. arKI the Charths Pocounts (Scouandl R8guktions 2006. Gl Public benefrt entity Global Heolth Partnership constitutes a publi¢ benefit entity as dèfined by FRS 1LY2. Assets and &abbe5 are inrfsally recognksed at hBtortcal cost or tran$oction value unkss otheise stated in the rèlèvant accounting policy. dl Golng concern The Twstees havè propar, reviev•Bd and f0m1al approved detaled operating 8nd cash flow proièction5 covaring the n•xt 12 rThJnths to Juty 2026. On the basis of th•$è prtsle¢tiorss Ihey hav¢ asSéS8ed that Ihe Charty has adequats financial resDurcÈs and slnjctus In place to managg ts operational ll5k5. In addOn. th8 budgeting and forecasting pr¢¢gss hos taken account of the Current erx)nomic and lundiw dimate and its polentlal Impact on our vaiiou5 sources of income and expendrture. Thereforè. tha twuslee$ ar• cOnfent that thgre 15 reasonabk •xpeciati)n that the Charity has od8qLEate resources and control mechanisms to conknue in operational existence for the foreseeablo fvlure and. on this bag15 the ttustees beIVe. to tho bast of their balf and knedge, that th Charty Temains as a going CDncem lor a perJd of at least 12 months from th8 approval of thèse rinancial statem8nt5 and. aGrdIngty, these financ1 statenwnts have been prepared on the going concern basis. el Income InGorrE 15 re¢Dgnised whèn th8 charitable rtsmpany has ontillement to the fLmd5. any pérformance condition5 attached to th? incomè have been mot. it Is probable that the InM wll be received and that the aFrn)unt Gan bè aSured reliably. INhen inMme Is re¢eivo¢J in advanc8 (>f providing services. tt 15 deferred until Global Hgallh Partn•rship5 becomes en(¢d to that irme. Donatlons are regniSed in the statement of financial aGtivthÈs in Ihe yeafvdhich thoy are reGeNed. unless incow rgcogrMUon ¢riterA set out above ara met at an èarfl¢r date. For1ègael0s, onleMent Is taken as the earlvér ofttrR date Dn which erther.- fl the charty is awar& that probate has been grdntèd, the e5tste has btrèn rinallsed and nt)tlication has been by th• ex0eOr{sI ta Global Health Partnerships Ih8t a dIstriblon wll be madè, or ful whon a distrlbution Is Tecew8d from tho èstato. ReCtst of a legacy, in or Fort. is only considered prtsbab vknen the amount can be wSsured ieliably and thè charty has ntstifièd of ihe x¢cutorfs IntenOn to make a dtrIbU"0. Vwhere legar3Ps have bÈ8n notified to the charity Or the Gharity is aware of th8 grantit)u of probalo. and the tdterla lor incon rdcognrtn have not been then the legaq rs treated as a contingÈnt asset and dSscbsed If mat•rtal. Grants aro includèd In the $taleMènt of financial act•iitE$ on a receivable basis. The bAFan of in¢ome received for 5ctric purposès but not expended during the p8rp)d 15 shown in the rekvant funds on tho sh99t Whgro irscorne 15 received h advance of entitlemenl of weeip( hs rècognition is def6rred and induded in ¢¥edrtots as delened income. Where er•lillernent occuts belorè InMe is recewed, the InMe 15 aGcntèd. Donated prof85Stonal servrres and donated faalthBS a recognlsed as irwmg when the Gharity ha5 eKntrol ovar the rtem. any Gondition5 asstitiated with the donated itern have been the receipt of economk nerrt from the use by the tharty ofthe itern 15 probable and that e¢onc•mi¢ b6nefjl can be measurgd relabfy. On receipt, donated piofe¥sional servi$ and donated facilitRs are rt¢Dglliged on th• bass ol the value of the gift of th¢ which is thè amtsunt the Gharity would have been llIng ID pay to Dbtsin sÈtvi¢¢$ of facilitrÈs olequivalent oconomiG benefrt on the on trorket. a ¢orrsponding amount 1$ then recognised in expendtiure in the periLFd of receipt. In a¢¢ordan¢e with the Charities SORP (FRS 102). the thnated s8NiC85 frn our general voluntevts aTr no1ln¢deJ within th* financralslatements. Other incom8 is T8cogn15ed in the period in whiGh it 15 reGekvablp and 10 thB extent trrt g¢)ods have bgon provk4gd or on ¢onylgtlon ol the seNt¢e. fj Fund oUntIng General fvnds are unresliiraed funds Nthtch are avasl8ble foruse atthe di5cretv)n otlhe TJustees In furtheranGe t)f the genaral objectives orthe Charity. R8fktsd funds aTè to bè usèd lor ¥pe¢ifi¢ purposes as lald do by Ih¢ dorKsror Ythich hav8 been rai%ed by the Charity for parti¢ular purposes. The costs of raisng ard administrating such fur5 are thaiged agaiysl the sPefiC Eund. The aim and use of each rèstrided Is sot Dut in the notes of tho fman¢ial ststsmènts. Invesfrmènt Income, g8MlS and losses are alb¢ated to the appropriate lund. 25
GLOBAL HEALTH PARTNERSHIPS (A company limited by guaranta¢J NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED31 DECEMBER224 Accounting policies {cantinuedl g) Expenditufe and irrecoverable VAT Expenditure 15 recognisad onre thère is a legal or ¢StruCtive obligation ts make a payment to a third party, It 55 probable that settlement wll be roquirgd 4rsd the atTh)unl of the oblyatKtn can be measurèd reliabty. Costs of ¢harttab5e activities are the costs applied by tho Ghanty in undertakg ts work and achpving it5 charitable obiÈctwe5. as opp05ed to the o)st of raising funds to finance those objeetfves. Non-diredy attributable $ts are allocated baEed Dn an estimatè Of tim speNt Expondiiure on raising fund5 te to the costs incurred by the tharitabla company lo raise fLmd$ for i& charilabl? purposes and Includès Costs ofall fundraisin9 activitsesevents and non<haIltab trading. Exponditure on charitable actwth.es include5 th8 tosts of dwodty undértakw)g the acvitr&s fther the purpDS85 and obje"ve$ of the Chortsbte company, and their a5SOCtated support eosts. Grants a In¢ded irt the $tat¢ment of finan31 adivrties as they become payabk. Global Healih Patherships abihty to rTwke grant paymer)ts is enbrely depolld2nt on lunding (FCDO. OHSC, EU and CRI FOLInda} under the contracts that are the subject lo annual renegotiation. In the ownion of Ihe Trustee5. 4 constnjctve obligation is only ¢reaièd vknen {)1 on90ing grant condth.ons are boing fuwfiled and, (l)i ¢ontra¢t renewal ha5 been successfully negotiated wfth drflerÈnt grant0. lr¥•Wvgrab VAT Is Charged as a cost 8g5t the 3Gbvty for vknkh the expendituro incuNÉd. h) Allocatlon ol support costs Expendthre is allo¢atgd to th& parkneular advlty ¥knTe the c05t reEate5 dweclly lo that actwty. Howver. tho c05t ol tsverall direction and administration gf ea¢h adwity, Gomprtsing thè saL7ry and overhead ¢osts ofthe cèntral fvn¢ilon, is app)Tboned on the following basis are an gstimate. based on stsfF tlmo. of thè amount attsibutable to each aclpity. Where inf0mtIOn about the aims, obiedwes and PToiects of thè charitabla company is Pvided to ptslenknal ts¢n¢fwrie5, the rA)sts assoraatod thSs publl¢lty ar allocxted to ¢har"rtabl expenditure. Support and goveinance costs are ¥e-alloted to each of tho adNitses on the followiw basis [Ch is an estimate, based on stsff tim?. of the afnount attributabje io •ach a¢tivty. Govomance costs are Ihe ¢x)sls associated with the g0veMan arrangement5 of thè charitabb compHny. These costs ar8 a5souat•d wlth constitutsonal and statutgry requirements arKI irKlude sts as50Ctated the stratetyc manag?ment of the ehartys a(lvrtie5. i) Foreign Currencies Mon8tary assets and liabilftes denominated in fore?Jn curTeDuÈs ar& b2nslated inb) 5t•r&ng at rates of e¥than rnllng al th• repoTrg date. Transdetbns In loreign cwrenues are transkted into Sterlg at the rats ruling on tho date of trar154ction. Exthange ga4is and Ioss•s arè reeogntsed in the ststement of financi31 actiVtb8S. Jl Tangible fjxed assets Tangible fixed assèts eostsng £SCQ or more are carAialised and reeogntsed en fukne e¢onomtc benefits are probable and th8 costs can bg m¢osurod reliably. DepreGkition c05ts are alhcated to ad&viti&s the basi5 of the use ol the related asg¢ts in th9 actAifd&s. Assets a vIewed for Dnpairment tf elrcumslah¢es 1ndlt Carn9 valua ny•xeeed th2ir TrEt realsable value and v4luE in us&. DeptiabOn 1$ provtded at rate5 calGulated lo wff4t8 dovm the c•st of each asset to 5 estimaled Yesklual yalue ovtr its expected useful lrfe. Th8 depretiation rates In use are as follows- Computer Equipmnt 33% straight Ine k) Liabilitie$ ar provisions Creditors and wovision5 are rertsgnised where the ¢haritabl8 mpanY has a prosènt obligallon resuttin9 from a past event that wal probabty iesult in the Iransfer of funds to a third party afjd the amount due to sett the obllgat*?n can be Ea$UTel or estin¥gtod relably. CTedknrs and provislons are nomwty r•cognised at Iheii settlement anp)urf after altovKffJ for any Irdde dis¢xunts due. l) Financi31 Instruments The Chaffty has financial assats and finanaal liabilit5 01 a klnd that qualifyas baslc finanual instNments. Bas1¢ finan¢iql instruments ar8 indial recognised at transaction value and svb5equentty measured at their Settle1 val. 26
GLOBAL HEALTH PARTNERSHIP8 IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 DECFMBER 2024 AOuntn9 polic1 l¢ontlnuedl m) Penslons Global Hèatth Partnerships operatès a dgfinèd contribution pension scheme for the benerrt of st3ff. Thè chafftabla companvs ¢ontllbution Trs charged to the Statpment of FInarla1 Actwrf(ies in the fLnanGial y8ar. Th¢ ¢haiitabte company ha5 no underthe stherne other than f thg p3yment olthose contributk)ns. n) Critlcal aeeounting estimate$ and arèas of of ILsdgement EStIte5 2nd judgamonts are GontinUal evaknated and are basad on historrical expellen and othef laGtors. including QGtatiOnS of 8vènts that are believed to be reasoTrablB underthe £ircumslance5. Tho Charty makes Èstimates and assumplons concemino the futum. The resL4ting a¢¢ountirwJ estimates and a5sumptp)n5 1. by definitson. seldom equal th8 related aciual resu. In the opinion of the TNstees there arè however nts estimates and 4Ssun¥Jtions that have a signffi¢ant risk of causing a material adjustment lo the carrying aUftts of assets and liabilfties within the ne financial year. 27
GLOBAL HEALTH PARTNERSHIPS IA company limited byguaranleel NOTE5 TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED31 DECEMBER 2024 2 Income from donations and lgacies Total Fund5 2024 Total Funds 2023 Donation5 Lègae$ 77.864 29,670 77.864 29.670 I Incomè frorn dOnatTr5 4fKI legacies unrestricted in the ¢uThont and vu$ year. 3 Income from ¢haritable activilies Unrestricted Funds 20Z4 Reslrl¢ted Funds 2024 Total Funds Ttstal Funds 2024 2023 Programmes & Prtslècts Manag8m8nt fee 6.745 938.798 13.332598 13,339,343 938.798 4.925.973 328.540 Totsl 2024 945.543 13.332.598 14,278,141 5254,513 Yotal 2023 4 918 606 5.254.513 4 Investmenf Ineome Total Funds 2024 Total Funds 2023 Bank intèrest 4,359 783 All Income from investments were unrestiiLted in the GLvrÈnt and pr8vlous yèar. other Tncorne Total Funds 2024 Toial Funds 2023 Conference 8nd events fees 219,374 62.129 All othei InGtsnw unvg8trthd in Ihg ¢urrgnt arrfl pr8vious year. 6 Expenditure on raising funds Costs ol ralsing voluntaiy income Total Funds 2024 T¢tal Funds 2023 DiTeCt $ataties oth¢r diTeGt ¢ost$ AIIoGated Gentfally incurred fundraisin9 and govemancè eosts 161,308 127,066 130.443 712e6 8,352 42.898 428,817 120.516 Fundraisiny tradi expenses Indirect Salaries 33.044 51.107 481.861 171.623 All ctssts of Yaislng vtsluntary income were allocaled against unrestricted lunds in both the £Tent and prior 2T. 28
GLOBAL HEALTH PARTNERSHIPS (A company limited by guaraTrte81 NOTES TO THE FINANCNL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2024 7 Analysis of grants Grants to In$titutlons 2024 TO FuwKIs Totsl Funds 2024 2023 Grants aNwrded to NHS arKI at7demic partneTS 7,784.1 7.784,136 1,S24.908 Total 2023 J,524.908 1,524.908 The Charity has made the follovding material grants over£50.WD b instknbons dLrring the y4ar. 2024 Name of Institutlon Liverpool school of Tropi7 mdlt Intrahea]th Internaknonal ng's Ctslleg¢ London Dharura GIc•bal Emgrgefv Care Rtsyal Collegè of Obstotrics & Gynaecobgy NANA Glrls and Women Empowennent Initiative IDtèmation#l Childreftt Pallfativ¢ Care Netw) (ICPCM) Th? Royal CoQ8ge cf PaÈdktri¢s and Chlld Health AddÈnbrooko's CharRable Tntst Clintork Health kncess Initiative 8FIRST- The Royal CDII?ge of Surgeons England Florence Nightingalo Founda'Dn Blltish Pa?dHtric Neurology Assoc't) The Royal College of En%rgency Medicine Unfversly of Fluddersfield HEC Amèri¢an Univ•rsilyof B&irul FACULTf OF PUBLIC HEALTH Nottingham Trent University Th8 Royal College of P5yehlatdsts Royal Colleg? of Patholegists Th& Royal College ol Ana8sthetlsts Hampshire Hospitals NHswr &8 PHASOM Insthuk of Applt¢d Studias and Rasear UnNer5ity Coltege London Hospitals NHS FoLmdatKJn Tntst Easl London NHS London School of Hyglènè and Trop. Mgdliln• NH8 England 725.420 664313 407.615 333,744 $32,440 332.434 329.374 318.539 2&5.670 286,930 2&5.OlJO 273,861 2,$26 254,105 226.900 112,518 108,292 104.076 96.813 93,024 62515 56.742 56.116 53,699 53.657 52.246 52,230 so,oTrJ 6,271,4S5 Other 9rant5 to institutions 1,512,661 7,784,136 8 Analysis of expenditLKe by activltiès ACtIlIeS undertaken directly 2024 Grant funding of 3Ctiwties Total Funds spOrt Gosts Total Funds 2024 2024 2024 2023 Programmes 8 Projects Grant$ ardd to NHS and acad8mic partners 5.588.096 435.965 6,024,061 7,784,136 3,558.279 1.524,908 7.784.13S 5,588.096 7.784,136 43S,965 13.8Q8,197 5,083,187 Total 21Y23 2.9942fi 1.524,908 564.022 5.083,187 29
GL08AL PEALTH PARTIIERSHIPS IA coranY lirvited by QLEranteel NOTES TO THE FIlTh1ATAL STATEME8 FOR T14E YEAR EaDED 21 DECEM8ER ry4 8 Analy515 of exFenfliture by activities Iconllnuedl Analysi5 of direct costs Tolzl Fur$ 324 Totsl Funds staN c¢sts tjrecl expen(fjtute on wowarnm£s and rmiects 2,Q88,581 3,499,515 1,214,96 1.779.295 Tot41 5,S&8.og6 994,257 Analysls of support cost5 Total Fund Total Fur5 2023 Staff costs Governance ¢05ts AdrTUTrStralion andnfffce expense5 Rent and rates 86.118 28.997 31B.85D 306.639 16.905 Z40.478 435.5 564,022 9 Audltofs Eemuneratian Auditorfs rornuneration i4e$ fegs pw]able Forthe statutory ¢f £16.460 POry3.. £15.6751 and r¥)n audrf serv5 in relatDn tD Ihg prapaBtion cf the linanck21 staiemènts of Ll.94CI12023.. L,8001 10 Anatysls of Staff costs. truslee leMuneratk ande]Kpenses. and Ihe costof key management Pe0ne1 Stsff costs were85 follows". 2024 S8L8rY&s and wages SociBI 5èEurty cosis Contribution to def5ned contrilxrtb)n ponslon scherrs 1282J10 199,043 TT.397 1.L?1.105 14,856 47.056 2.558.750 1,693,017 The folk)wing numberof ern0vee$ receNed ernpkyee lexcludirwJ etrwloyer ¢101 and pension c05ts1 th? yoarteiween.. 2024 £6D,000- £69. £70.OOQ- £79.999 £80.WO_ t89.999 £gD.QOO- £:9 £100,000-£IOg.999 The key mar.8gement Pe¢)nnel ol Global Heatth Paierships MPr&S the thef ExecLrtie and the Senior Managernt TeaTn ISMTI. The SMT Gon3151s of the ChEf Operatin9 Offioer. Dewty CEO anc the [rtOr of PN)gra25. The total ernpltyee bernFils including nsiOn contnbutv)ns of the W rnan8Frnent p¢r5C>Anel WEre £397.4 ". £364.>871. The TrLStees were not Pail orfecewed ary ctherbenefi15 from e0Yrnent Mith ¢#witable comnY kn th8 year. No trtee recefved payttnt professb)nal erother Services Suptell to the charitae te.pa Tle5, expens¢s Tewe5ents paynpnt or re1m#s8rt olts¥vel sutstsle costs totallirs £951 lot 3 T(ustees I20.. £1.018 for 2 11 5talf numbe The average wmtkrof enWayee5 Ihead ksed onwrnter ol stsff eryWI (knring the ye3rw35 a5 follows." 2024 (jaritale activiti8s- prcgraTnme and projects AdnNnisttaUon Generatiro income 67
GL08AL bEALTH PARTNERSHIPS IA cornpaiyi lirnited by gLrar3trteel NOTES TO THE FIPJANCIAL sTATEMErs FOR TPE YEAR ENDED 31 DECEM8ER 2024 12 Tangiblefiied assets Comtxtsr Equipw*nt Total 8alarKe brought forward Addthons in y£ar ¥posals in yÈ2r 34223 8.898 At the end ol the year 43.121 43.121 Depreclallon Palan brDusM lorw4rd char lorthe ¥ear Elitninated disposal 31ts43 2.243 31.943 2.243 At the end ol the year Net botsk valuo As al 31 E)ecember 2024 34.186 34.186 8.935 8.935 As at 31 December 2023 2,280 1280 of the ab)ve assets are fprcFwhable purp)ses. 13 Debtors 2024 Trade debiors CtkEr detA?rs Pr8payftEnls Ac¢rued Éncome 135,010 388.285 44.472 719,884 623.750 79.623 6,467 453.180 1.287,651 1,163.000 14 Crèdltors: amounts fallln9 due wlthln one swr 2024 Trade¢rerJitors Taxation and $ocial secLrty Other creit0[$ Cwerrecl income Ac¢wals 151a75 134.841 251,381 116.380 1,763,138 57,240 25297 517.158 15 Deferred Income tkferred In¢orfie CarnPEises wntracts and other ¢0wIR Ihe acbvrty to delwer seEviS furKJed irroTrE doe5 Mt oc¢ur until the followirvJ 2024 8a&nce at the beginniro of th& year Jnt released to the year Arnount ¢Jeferred in the year 1.763,138 11.763.138) 1.763.138 BalanGe atlho end ot the year 1.763.138
GLOBAL PEALTH PARTfERSHIPS IA cornpary Iirnited by gLAranteel JTES TOTHE FINANCIAL sTATEmETrs FOR TFE YEAR ENOED 31 DECEMBER 20?4 168 Movemen15 in furnjs Icwrent swr} Ai l Janlkry ExpenUre Tran5fer5 At 31 December 2024 Restrtcted funds rjèpafimentfaf Walth SD¢wl Care-CPAPdS The 8urdeU T51 for NUng GFanl Bill & MelindaGates Founclybon Health EthKJbon Elan Johnson 8 J¢hn50n Foundation Scotland- Motheat OeFIwy DHSC- G1obg1 W6atth Worhlorce Prngrammp Fraxlnus Stable Trust- maIlLTrd Fraxinus ChariLable Trust- EthioFia ReMI)tè Inteiffttional Menloring PartnhIpscen IRIMPSI EV furp3¢d Syria project Sanrfi- Zamkna & Uganda GIDbAI Health Partnprship The 8urdett TTUStf)r Nutsing-NNCF2 The EuTOFean Union- UFUQ syr s)rojeY NHS England- Glot81 Cap3C5ty 8tsikfing FCW-UK M¥anmarHeatth Fund IUKMFFP Expèrts in midst Tho Ftreign. CornnWnvh & DB¥eloFYnenttXice- [batyA aalarCharity-NQIP CRI Fwndalwjn Other rpstricted fur 9.830 7.a16 98.679 1.9Tr 987 I2,039,2> 11.9161 1159.1831 I49,2> 112fj.0361 17.667.72?1 I169,?> 167.4091 145.1491 1190.2881 1135,3?61 99,7S4 27,566 112.3811 131.910 43.799 69,610 3,236 113,655 97.?69 7.302,263 36 137.219 .385 5.CQO 172.OCHJ 3,473 18,3?6 8.254 676,446 21.99? 18.326 1rA).000 1.643,483 a.497 '91.7461 1987.0311 181&5051 134? 1K11 155,7391 I104,5> 19 J31 1161 Q181 196.1?51 ll,00 304.044 44.?61 11.9491 83.53 61.13g 234,748 3.5C6' Total restrl¢ted fvnds 4 069,239 13.3V.598 113.3 j? ?321 5.512 2,035,111 Ljnrestricted fund$ G8n*ral 691.185 1.247.14) I897.8) 15.5121 1,034,987 Total unrestricted furvJ5 rot.185 1 ?47,140 1897.8261 15.5191 1,054,987 Total funds 2.760.47x 14.579.738 114.27Q.0581 3.070.097
LOBAL FEALTH PARTERSHIPs IA ¢onN)any limited by gLFranreel NOTES TO THE FIlAlAL STATEMETrtrs FOR THE YEAR ENDED 31 DECEMBER ?4 16b Movements In funds Iprevious year) At 1 January 2£3 ExFer¥Jtture Trnnsfe At 31 Dècember 2023 Restrtcted fvnds Oepatthenlfor FÈatth and Sx181 Care-CwPAMS Tho Twsrfor Nutslno Gra Bill & Melinda Qat¥ Foundation Health EducalDn England NHS Ewland- Glots41 Bu11n9 John50n & Johnson Fwndavon SCotn- Sawng mothe at Ddivèry Johtsson & hnSon- Samng IhotheF5atDBINery- S¢miiAnd Phase2 OFK%G-Glotol HeatthW¢rkforce Programry FraxlnusClk4ritablÈTr- sorw1llaJ Fraxinus Gntable frrtsE- EthIoFia DttpattrDÈntf0rkoIth and &Kisl CarÈ- FLblure IDternatiDn31 Workn)rr PrDgramn IntenkioDJI Mentoriny Partnpr5hipSchBme IRIMPSI FCDO- LIK Myanmarlkdlth Fwd KMFI EU lunded SyDa QatarCharrty- Naip proJErt Sanct1-ZaMa % Ugnda 156.816 ? 020.706 11.937.69? 44.403 ?5 1148.7861 1?84.7801 {7.141> 239,830 160.011 41.78? 87.454 130.504 ?57141 158.7 98,679 77.518 19.9891 37.43? 1E4,698 114,5181 118.6791 113.655 1146.IX91 130&1691 11416931 I1,[8} 8t6.439 497.209 913,295 137,219 157.99& 9.08D 44.844 58.303 18.750 1266.6851 120.W91 37? 5031 13?a4391 159,$901 110,2011 169&} )3.179 59.690 477.000 65.7es SandozAG- Novartis SDGial B4sines8 Global He3th partnehIp 14.4711 18.3_ 70.094 1,5 Olherpstrded fvrtds &9,732 64,237 13 75.602 Total restwided funds 1.712.106 4.518.6C6 14.519.1651 {4? 3151 2.C69,232 Unrestrlded lunds General fil 956.026 428.489 1135,64SI 42.315 691.185 Total unrestricted furvjs 956.046 4.489 IT35.6451 691,185 Total funds 5.347.095 15,254,810) 1700,417 The overall réason for the transfeT ol ful5 fmm rèstricted re5erve5 to trict8d 15 due to vamus restted rmjects fInhing in thè year. Where projects are deliverables trserS. any unspentfdS at the ènd ol the prowt do rK4t need Ic be trred. a Ihereftsre tsa$ferye to unre5ttaGted serves. In Olhercases, where th? fina431 rep)rts for projects are prepared in another currew. there is a C-8P balan¢e bErt no b218nce in the project Jrrency, al the end of th& prq.eol ckne to the e[nts ID rean1 ex¢N?e rate o¥the ¢e of the rxojÈct. Th balartt 15 therefo free 10 te IrartsfErred to 1nrestri¢t reser$. pu05e% of restrlctod funds C rtrfÈnt for F8llh SoBi31 - C.wPAIAS Funded UK Dfjpartmenl for and Social Cat?, CWPAMS is a £2= m)n 9rants progremrne for UK-LMIC health partnerships Driginal running from SeptfrffQ)er 2018 to May 2020. As a r8suk Df the inwacl of thÈ COVltk19 global p2ndenN¢, WDgramrypwa5 extended until Jur 2022. In JU 2022 a £4.54 million Phase ? of this proiect 8greed with [s¢. Gbbal Fa,: Partoership STIanas the pri]grarDmE in partnership with CommDnweaKh Pharmacists AssQ¢l8tion. who pm¥ teciinical $bpp)rt lo grant hcder5. 1? ar8 funded Ihrough Fowamme. 0rating in Ghana. TaTrla. U9antk, ZaN&&a, KeTr,'a. Malawi. I98• arK Sièrra Legne. with aim ol implemenb'ng artitri¢roblal steward5hlp irnwavement projeots in alvJnrrntwfth Èach ¢xunlry% 14ational.4cth)n Pbn onaniThKrokn"al re51St3nce. 2urdelt tust for Nursi Thi& prograMts awards MU[n9 aTrJ MKfvvlery Qtyalty Improvernent Fel$hi to 11 thè leadèrship of nurses arvj rniowiqes in the Ln<, Africa and Asla. Thts rurA in synergy wrfch the UKPHS pragramme kEE bJLMSry Now eBrnpan to [TXIls M linda Gates Foundation A progTrmry¢ whh seeks to take & systematic apprDach ID raisng awarerjpss ol aRh and ODA issues aMD$t Se018 of The British wblic. The orfglrdl three*ear progTrmme [inh£d in 20, w a foyow-on l¥Ytryear FwograrnTht %larting ID AuJtst-.Lla? aTrJ a further CEE-year [gram
GLC8AL FEALTH PARTfERsHIPS IA coryany limited by 9Lafdntee} tyX)TES TO THE ANAlAL STATEMErqrs FOR TH& YEAR ENDED 31 DEGEM8ER ?4 Purp(tses of restricted fund5 Iconllnuedl Heatth Educ31 England IHEEI th8 Glob31 FkaAh PartrwrsF4) have Wofking in partn$1P 8ince 16. The partnehIP alltrw5 HEE to offer qlIty education and training oFw)rtunils to WS staff in Low- a¥uJ IAI(th-lrtoft Countrfes ILMThI. It build5 on QIDLEI Heanh P2rtTEr5hip'$ lory- standing rde in trrdnaging heath partnÈtsh'ps b8hv8en alIb In5titutiorts inthe UK anEI their te[part5 across 31 countries in Afric8 and ASH. The 2023 SeNice Level Agreement ISLAI conlwa¢ting Glotol Fknlth Pdrtnètship lo th1i¥eraclpiitS aalld at develoting tts eyidenre basd for this approach. Wb119 IFEsè opportunibes to >JHS Staff, 2ro cortinuing activ in Myarrror and L42nda. Iwo countrie5 with escIal closè tles to Ihe heah rMn. thrOh Alliance$. th l Awl 2023 FEE olrKalty merged Yiith E8. E L4nd- Global The ain ol thrJ plect lte the provis)n olgrants to Hèalth PartnehipS io gerrate vthleering0prtUrtes lo NHS staff,. the thDnrtoring ol the l)entrfi15 ofvolunteering tts the NHS.. And providing inL1ry swrt to ensuttthal all PertIse r6 tat¥eod at LMIC Fjattwal and irslrtubonal prforilieg. -sa Mtsthers at CTrdrrfe The ¥tsv)n of this proseBt s that public hèath facilit5 in FAy2nvr and Somalilanrl are saler places for mtrthers to LrteFgD Èrnery8ncy prLKedure8 related to delivary, and that rnTbidty ariEiDg frorn ttrese sre nnimised. hands The Future lrternBlion21 Workforce Programrn18WP) 1$ fe Deprtnt of Heahh and Social Care. The PwraTrmè airn5 tD address th8 gk)bal Shortagè of nurses W.. incroa5iny Ihe qvalty of rwrse training in suppty o)unlries leadng lo an inBTèase in tter Irairpd nur8es'. delwering training that lead$ to DtsFS& qu21rf1ICs lo TL'9ee$ldI$aC p¢optè,' and 5upporlLng governffntS to imwovg their health workforcè managernent. Frayinus Chs ble Trust Tbe of thr& prujÈL Is to Ire att85S L nprginatsed WoTr tg qualty n[eMaI and tsLBtet Care in Sornaliland. ug Th aim of thi$ project is the ImprovenTert ot dsea&e caElor Unde[5ery communi.e& In EthlopA. Remote InterriBlnl MerrtontF Partnetshi Scb&me RlllPS The Remotp Internabon21 Mentoring Part[Ship stMe will UK4)a5ed IrKlwuak from haalh 0rganLsatn5 to provide r&rmle meniorfng wiihin up lo 10 intemalwjnal health partrShIPS Iwilh a 015 mBnlee$ partnershTpI in ltyw kwer midd184ncome countrteg. This wli I eNbk health workers tc feel l%tter SUFV)rted in their ro. and c(¥quantty provjde LElteT quality of care. as well as eunnY IIE crK)tinued er&ag&rnent of heath partfW5hips and 1ndNJda15 in gk)bal h8althwDFk at t>). FCM_UKM anms The airn of this prograft6 ri to address variou5 althcare challewas that have arisen sirto the covp in Mianrnar af¥& b enkned longer4erm health systems strengthening In the country. EU fun&d S Tha aim of this proJr3mme is mapping ard 5Th)ping 25sBlanc8 lo teaTY7 care workeES and human re50LCeS for lrtludirng the design of fLrture 5UPPOrt to rKre quality assurancè, e¢#lIOn ar [esentatrIe functior6 forthe r11 wofessbrL Global F4,eatth Partn8rship is a¢ting as a partTrto King's College LondDn whc ale Ihe truin yrant tipIent farthis project. The overall 8irn of the prujed Is 40 inFrove the Quality of Fkathcarè in SoMlL3nd. wth GIDU31 8#h F¥rtnerslNp assisting devdolyng ? strongerworkforcÈ lo dalNèr aualit4 of Core. biry & U a[a The aim of Ihiq proj8Ct B ihe 1rnprovent of the INe5 of wtJrrEn in Ug3rKla Zamta kvivdwi(h, or at rsk Irom breast (Ertsr. bthwho are rnl currenuy gelling Ihe htheY nee . Novattis S inèss This proiecl &nables EuTrI s(rffering from chronr dsÈases to rec£ive e&sentgl care near to their homes from car& workers who 8fB appropriatety trained and SUPFXrtad and encotwgd to devekjptheir $kls. iame ineeri In reswnse k g rEquest Zamb]an Ministry of Gknl Heaah PartneF5ty ar¥J our partn5 had dslivered 2n inMvati¥e and 510talnabte training and educat)n wtsiect. whh had assistedwith the developrnent and delivery of Master of Med1& courses tn the s818Ct8d clinKal s¢[alM5 of Pathol¥. aresGIObal Partnership 5. psyrhiaty ar5d biom8dical engineeriro. The aim of Ihls project * delNering UK4ocal halth system partpetships lrfihe P&Mft io address heath workloEre woritYa5 in Kerya. Gh)n3, MgÈda and crDSS-LMICs. The Burdett TFUSt for Mr51 - Nrijc The Nursiry Now Ch311enge Fdro1¥p proopamrr ain8 lo deY8bp the skiiL% and18adwthipr4 ewfy Gareernursès and mthr4e8 in low and l¢ywer- ic*Jle Iorne countries 34
GLOBAL HEALTH PARTk.IERSHIPS IA ¢ompgny Ilmited Lry guarantee) DTES Ta THE FIFIANClALSTATEMEIs FOR THE YEAR ETrIDE0 31 OECEM8ER 2024 Purposes of restsicted funds Icontinuedl ID anun The purpose of the proJ&cl is the upgrading and futurerc4)fjtyd Of Iwrngn resourres heslh lot Unwer5al heatth Covera and ÈÉtkrlty care in Syria. In Our Midst The programrne sheds Iht on te krrtywledge iremktionalty recruited I71h¢2 prof8s5ionals have ol overseas health Syste, ID wasis that empowatS then as indNiduaL5. a1 aims to harness itrÉ kr¥Ie&Je dk7spDfd Statf hive of olherwlth $y5toffts to deveknp practical solLrtiorts that ifflprove hea service delNery in the UK and erSta$. The For81 8211h & Develo rne With support FGDO. THET al lo addres5 ZimL¥thyean beallhsector priorit5 thwh a UKZirntelwè healh partneTrhlp 4)praach. CRIF GHP Is SUPPQning ZamExan MOH in thvelopiry bXTrdaI etYJlrEfrixMJ kld. Analyst5 of Rei assets belwepn IUF 24 Restricted iJYestfjthd Fun d5 Totsl Taruible Ès5ets Net current assets 8,935 &935 3.061.162 9035.110 Total Funds 1.034.967 ResIded FutMIs Unre5triGtecS fund5 Totsi Taruibl8fix£d a$set5 rJet current 35oets 2,280 688.9D4 1758.137 Tirtal FuTrJs 2.9.•3? 3)
GLOBAL HEALTH PARTNERSHIPS IA company limilgd by 9uaranl?e} NOTES TO THE FINANCIAL STATEMENTS FOR THE Y&AR ENDED 31 DECEMBER 2024 17 Legal status of the charitable company The charitable Company is a company fjmQEd by guarantaè and has no share cawtsl. Thè liabilty of èach mèmbor in tho •v¢nt of N¥indlng up B limited to £1. 18 Capital Commitments There re no capital comThritmfrnts not provkjed for in tho floa181 $tat¢mènts (2(Y23: None). 19 Penslon commitments Tho Charity eperaès a dgfingd coTrtribukon pensicsn s¢hemo_ The assets of thi£ schamg ara held Separate from thosÈ of th8 group in an indepondenlty admini5traled fund. Tho ponsion cost charge reprèsents eofttrbLrti)ns payable by the Challty to the lurxl and aTnounted to £7T.397 {2023_' £66.2081. £22.656 {2023'. £8.661) es payable to the fund al the balanc& sheet date and Is In¢tuded in credthors on the balance sheeL 20 Funds held as intefmediary agent At yeai end Gtobal He8h Partnerships acted as an inteTrnedry agentft>r the lollomng organisalions and indivalS. Tho balances ststed reprosenl cash at bank. The followng balarKes. and any income and expÈnditurè in the peiiod. have not bègn includod in thg finan¢HI statsbrnnts-. Batance held at l January 2024 Net receipt5 1 payments 2024 Balance held at 31 December 2024 Andiew Quayle Links Lusaka {1.525) 4,502 11,5251 5.770 1.268 2.977 1.268 4.245 82nce held at 1 January 2023 Net receiptslpaenI 5 2023 Balance held a 31 Dte¢mbtr 2023 Androw Quaye Llnks Lusaka Vota Baley- TA V¢ta 8aky- eT 11.525) 3.235 8.2Ce {8721 11,5251 4.502 1.267 (8,209) 9.047 (6.070) 2,977 Andiew qUat Funds held on behaw of Andrew Quayk forthè support fot upgrading tTdtsl qualrfutKn5 in Zarnbia. Llnk¥ Lusaka These funds are belng held by Global HeaRh Partnership on tehalF of a liTrk befvfften Lusaka¥ Universty Teachin9 Hosprtal and Brighton and SLE5SOX University Hospita15 and Medical School b support their 0-WaY trips by nurses, doctors and librarians and other allied health professal5 forteachg and CPD. Veta Bailey TA Funds received to support the devek)pmert and academi¢ partnership betsen UK and a Tanzanlan partner whlth VAII lead to jomt TeseafGh aGttvitle5 With a focus on dgcentra1158d care and qualty s8Nice provi550n. Vtta Balléy Er Support lo provide training to trainers in stroke carè at Jimma and Gondar UnNet5ity Teaching Hosprftsls in EtIMopia in ¢ollaborAtion smth the Un¥versty of Southampton. 21 Post Balance Sheet Events There knEre no p051 balance sheet ev8n15 that requira disckssure in the rK)d under review12023.. None). 22 Related party transactions Juslinian Ash, a Trustee of Glcbal Health PaTtnership and h5 fj[e ar8 Trustees of thè Fraxinus Trust. During the year the charv received grants totslling £Nil from thi$ organisation {2023.. £337.2791- Dèfails of the prr>jo¢ts und¢rtakn by the harty are in rote 16. There tre ho other related party tra4}5 during 202412023.- Nane). There are no donations Irom related parts vth*h are SkIe the normal course of buslness and restrlGted ¢Jonatlons frDm lated parties. 36
GLOBAL HEALTH PARTNERSHIPS (A Gompany limited by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 23 Comparative Stalement of Flnanclal AGvItIeS (year ended 31 December 2023) Unrestricted funds 2023 Restricted funds Total funds 2023 2023 Note Income from: Donations and legacies ChaT[tale activrttas Investments Other Income 29,S70 335.907 783 62,129 29,670 5.254,513 783 62.129 4.918.606 428.489 4.918,606 5,347.095 Expenditure on: Raising Funds CharItae a¢tiv(be8 171.623 564.022 171,623 5.083,187 4.519,165 Tolal expenditure 735.645 4.519.165 5.254.810 Net (expendlturè)lincorne {307,156) 399.441 92,285 Transfers betr¢een funds 16 42,315 142.315) Net movement In lunds (264.841) 357.126 92,285 Reconciliation of funds: Total ftjnds brought forward 956.026 1,712.106 1668.132 Total funds carried lofward 691.185 2.069.232 2.760,417 37