2022-06-30-accounts

The Global Fund for Children UK Trust Annual Report and Flnan¢lal 30 June 2022 CunF•y Imtt•J ty 9Lwant80 CW31876 IEr¥JkTrJ Wales) R&>skakn NL¥nt*r 11195M

Contsnts Reference and administrative information Réport ol the trustees I￿lePendent auditorfs report Fin•n¢ial $tatsm•nts Statement of financial a¢INIt￿$ 16 Balancte sheet 17 Principal accounting policies 18 Notes to the financial staten￿ts 24

Reference and afkninistralivo Inf¢>M￿ 30 June 2￿ Tn￿10•# Marine Abrad (aptKiinted 27 JU￿ 20211 Michel Anlak Nicholas Antonas (resigned 26 April 2022) Michael Daffey- Chairman (resigned 27 July 2(Y21) Mandy DeFilippo Antoin6 deGuillenchmiJt - Treasurer John Hecklingar yu Lulkq (resignod 18 August 20221 Kiran Moorthy (appointed 20 May 2022) Muna Wehb8 lappctinted 20 May 2022) Mark Wilson- Chairman (app)int8d 27 Juty 20211 Epworth House. 25 Cty Road LoThJon EC1Y 1AA Web8lle YM4Y.gk&allundlorChildren.o￿Uk-trU5t )31876 {England and Wales) Reglslered charity number 1119544 (England aThJ Wales) Auditor Buzzacott LLP 130 Woc*Y Str8at LoThJon EC2V 6DL Bankers CAF Bank Limiled 25 Kings Hill West Malling Kent MEl9￿a Sollcltors Batss Welb & Braithwaite London LLP 10 Quoon Str•ot P London EC4R 1BE The Global Fund ft)r Chihjren UK Trust

Report of tho tru8tee8 30 June 2022 The trustees are pleased to present their r8[￿rt togeth&r with the consolidat•d financial statements lor the year ending 30 June 2022. The relerence and administralive informath?n set out i)n page 1 fomts part ol this rèport. The financial statements comply Wrth the Charities Acl 2011, the Conpanios Act 2006. Ihe Memorandum and Art￿e5 of Associalion. aTrJ Accounting and Reporting by Charitie8: Ststemgnl ol Recommended PraCt￿e applicable to charities preparing their accounts in accordance with the Financh￿ Rewrting StaThJard appl￿10 in the UK and RfjpubI￿ of Ireland (FRS 1021. Stru¢tur•i governance and m￿ageMe1￿ The organisat￿n is a charitable company limrted by guarantee. Incorporat￿ on 18 December 20￿ and registered as a Charrty on 7 June 2(Y)7. The company was established uThJer a Thn￿rarKIUrn of as￿l8110n which established its objectives and p)wers. and is g)vemed under its articles of aS￿laIM)n. with Global Fund for Children IGFCI as the sole mentsr. The CEO of GFC B a member of the Board of Trustees and atterKts the UK Trust Board meetings. whKh are held four times a year. Established n the USA in 1994, GFC partn8rs wilh ¢ommunty-ba$8d organisation5 around the world lo help children and youth reach theirfull potential arKI advance their rights. GFC'S model combines flexible furKling with capacty development services lo help its partners alise Iransfornational. youth4rNen change. GFC'S partners emerge Irom the hjnding relationship as sustainable arml connected to the resOU￿e$. people, and informatK)n they need lo reach their goals. After graduatiL￿ from GFC'5 financial partnership. tho partners remain vital p8•rs and mentoTr in GFC'S grcwing glob￿ n8tsvoik. The Global Fund lor Chiklren UK Trust was ragistered as an irwjopgndgnl charrty on 7 June 21XJ7 to extend the wsron and mission ot GFC in the UK and rnair￿and Europe. The UKTfust purchased the right to use the GFC brand lor £1 and is required to adhere lo the tenrs of Ihe Li¢ense Agreement between th8 enlibes. Appolntnwnt of ffU8tees The vision lor the UK Trusl Board is to a$serrt￿e a group of individuals who Combing enlr8pr8n8urial 8n8rgy and fiehj expertisa with morg gstablishgd insDtulional pgrsp9clives. This ffix 18 crucial to maintsining tho oryanisalion's innovative spirit while developing a sustanable inslitutitin. The Board is working to b8coff more representative of the national and intemational commun"rties aTrJ iThYMduals the organisation seeks to seNe. Board members are desired who represent a b￿ance of ethnic, Cul￿ra1. nationai, socioe¢ornmi¢. gender, age. and geographic dNersity. The Global Fund lor Children UK Trusl

Report ot the trustees 30 June 2022 Structure, govemance and managemenl (continued) Appointm•nt ol trustws (conlinued) New trustees are nominaled by existing Board rnembgrs aThJlor th8 UK Trust's Managing Director. CandKJates' bwraphies or Cvs are circulated to all existing Board members. and candidates are then inteNiewed by I￿￿teeS aTrJ the chainnan. Candidates are approved by a vol8 of the UK Trusl Truslees and then a wrillen resd￿lOn is gNen by the US Board, signed by the Ch&r of the board of Directors. All new trustees receNe are yiven acc8SS to I key documents relating to the chwity's work and to their duti&s as a trustee and go through an onboarding orientation. Trustees are also @r￿u￿aged to attend appropriate tr￿ning sessions that will facilitate the ur#lertakirKJ ol th&r role. The Board of Trustees adminislers tho ctharrty. A Managing Director, or a staff member wofknng in thal capacty. is apwinted by the Injstees to manage the day-to-day operations of the UK Trust. This position reports to the CEO of GFC in Washington. DC. However. the Board continues to review the risks of th8 charfftjl on a period￿ basis. The twstees are also dIr￿lOrS for the purp)se of the Conwanies Act 20ChS. Publlc benofft The Irusléas r•f•r lo the guidance conlained in Ihe Charity Commission's geneial guidance on public beT￿lt when reviewing the charity's aims and objectives and in planning luture activities. GFC partners with local organisations arouThl the world to help children and youth reach theirfull potential and athance their rights. Over the past decad8s. GFC'S grant-making ar￿ pTogrnmm8 strategy has centred on directing flexible funding to nascent grassroots organisations empbwng a unique range ol intervent￿nS to uplM)kl th9 rights of children. Sincg 1997, GFC has invested $56 million in nK)re than 10(K) communty-basad organisations. strangthoning IhousarKls of communit*s and réathing nwe than 11 million thildren and y￿h w0f1￿. GFC finds: GFC identifies innovatNe organizations - ty￿lty in the earty stages of their development - that aro run by k￿1 leaders w)rking with children and youth around the world. GFC fund8: GFC funds its k)oal partners. 1rf8-changing prograffts lor chikI￿n and youth, as well as their oTganizational d8V81opment. The grants are flexible lo maxinize GFC'S impact and to meet needs that other lunders are not will￿g to SUPF¥)rt. Tog¢th¢r, GFC and its parlrnrs strffigthen: GFC advises. mentors. and guides its partners. GFC builds mutual trust, accountability, aThl enduring relationships. GFC'S targeted capacty development helps its partners grow stronger and more r•sponsivo to challonggs on the ground. The Global Fund for Children UK Trust

Report of the trusteu 30 June 2(f22 OblectIv￿ and activitw8 (continued) Ourprogrnmmo locus GFC bullds networks: GFC connects its partners lo each other and lo national and régional networks. GFC brings logelher brillh9nt mitmls lo share knowledg&, ￿n￿rat9 18amin9. lu81 advc¢acy, and build movem2nts of social change. Wh•n Its p•rln•rs graduate, GFC sland8 proud: GFC'S partners emerge more sU￿aInab1È and connected to the resoufces. peopl8, and informaiion th8y need lo reach their goals. After graduatJn from the financial partnership. GFC'S partners remain vital peers arKI mentors in GFC'S growing global network. GFC'8 programmfr locu8 GFC'S grant making aNI pmgramme strategy emphasise lour programmatic fc¢us areas: Education - w0￿1n9 to sÈcurg oqual a￿sS lo high-qualty education for all children, irrèspedivg ol any obstacles that may stand in their way. Gender equity- defending children's rights to enjoy equal opportunitièg and rèsources within the societi8s ￿ wh￿h they live. withcMJt laar of discrimination on th8 basis ol their gender identity. yO￿h emKM)werment - preparing young people to sw their own futures. advance thelr rights. and lead heatthy. produclNe Irwes. Freedom from vi￿e￿e and exFAoitation- eliminating the ifjcAence and exploilalion that can keep children from reachbry Ih8ir lull potential and wofkng to heal those affected. GFC'S implementation approach emphas￿ Iwilding allkqnces and networks across ils al partners to support collectivè adion. irKluding communty-wde, locally driven pdicies and legal protecti(Jrts to ensurg that children aTrJ youth are prowd8d lor and prot￿1&d, and parti¢ipale in the lun T￿lSaIlon of their rights. Impact and sustalnabllity In the last 25 years. GFC has transf0m￿l the lives of mre than 11 ffillh)n childr8n worldwide by supportirMJ meaningful change where il stands to do the most good: in the heart of communibes. In the sam8 pericJ, GFC has vjentilied over 1.000 thal organisalions in more than 75 countries and su￿￿)rt￿ them wilh granls and technical assislance tolalling over $56 milion. On average. partners, budgets tripb during their GFC partnerstip, enabling them lo &xpand Ihe size and inyct of th8ir programmes and to reach grèatér numbèts of children in more and better ways. GFC pathers have been honoured with hundreds of national and inlemalional awards in recognition of their work. including 11 World's Children's Prizes, 37 Aslwka Fellowships. ￿ght CNN Heroes Awards, and 9 Wilh and For Gi￿S Awards. The Global Fund tor Children UK Trust

Report of the tn￿tee$ 30 June 2022 Achi•v•m•nts and p•rfornMnce 2021122 saw GFC UK Tnjst invest $ignthcanty in Ihe team aThl build the infrastnKture need8d to support ihe ¢onlinued growth that the organiSat￿)n experienced in the previous financial year. The team ff￿Ved inlo a new office spac&. employed four new additional membets of slatt la 11Th growth in the team). relained all empsoyegs and worked lo ensure thg UK Trust vms a joylul place to work for all. TheTrusl began neWfund￿9 relatK)nships with Laudes FouThlation and CIFF and continuad funding reLqtiortships with Oak FouThJatitin. POrt￿U$, Comic Rolief. SupgrAwesome Gam8S and Peoe's P(￿code Lottery. Th8 UK Tnjst team played a synifKant ro18 in fundraiging for GFC'S Ukraine emergency relief efforts. which saw 0￿r £1.2m raised across our Iwo entili8s, lo support grassroots partners on the ground in Ukraine and surrouThJirKJ countries. Whilst the UK Trust has experienced a decline in income this year. our leam has work with our collèagués around globe to w*ure thal GFC has globalty grown income. As a result. Gkjbal Fund for childfyn wll report over $14 rrllllion in revenue for year ended June 30, 20¥2 in its cortsolidated stslement ol activiknes. Our team in the UK has also continued wofking with foundations and lurthrs to deveky complex programmes which coukl be launched in FY23. GFC'• grant making Fyogrnmme In 2021122. GFC awarded $5.441.￿) in grants. Almost all of thè grants were restricted to sp￿rtiC lund¢fS and met a deliverable towards the lunderfs support. Included in this amount were 39 grants rnade directty Irom GFC-UK TA￿1 to GFC grantee partners whi¢h lolalled £593.601. In many cases. GFC is ab18 to offer adthtlOn￿ grants to its I(￿1 partners that $uppl&m6nl the primary grants. These grants In¢ludg organizational d8vebpmenl grants, which support areas suth as strategic planning. fInar￿la1 and management infonnalion systems, monitoring and evaluation. and fundraising.. opportunty grants. bthich support partners lo attend ¢onforww or trainings or d9vekp their organk%ational visibilty and capacty: e￿erKY grants. wh￿h partners in emergency situath)ns such as post-disaster relief,. convening grarrts. vA)i¢h albw partners lo organize their own v￿rkshopS for shariThJ knowledge with oiheT GFC partners and organvzat￿nS in their nelworks. In 2021122. GFC awarded 202 SUFpl8mental grants that totalled over $2.224.0fy). I￿luded in the supplemental grants were 23 supplemental grants rnade in GBP direclty Irom GFC-UK Trust. These totalled £136.7￿. The Gbbal Fund for Children UK Trust

Report of th• tru8t••8 30 June 2022 Achievements and pfjrf<wmon￿ (continued) Sped41 Awards The Juliette GIMM Courage Awards. begun in 2019r20. recognising cur￿n1 alumni partners that rellecl Ihe spirit ol lOrff￿r GFC Lhjard ¢hasr Julwe Gimn and that demonslrale remarkable courage in improwng the Irves of young people so they may live in a wodd free of poverty, injustice. and dis¢rirThnation. In 2021122, two Courage Award winners. one Irom Tajiknstan and one from &erra Leone, recaved $20.IX(l each to strgngihen their organizations. In athition, the Courage Award seleclion committee agrèed to award an additional Courage Award for s20.(￿ to Afghan Inst51ut& Contgr, an organizatM)n that is facing wvemment ￿r8eCut￿n for the work they undertake in their county. In 2021122 GFC also awarded Iwo Maya Aimera Suslainatmlity Awards (named in honor ol GFC'S louThJer) lo organisations in Ghana aThJ Honduras. GFC also continued to award one organisation a yearwith a Dignty Award. made F4)ssible by k)ng-time GFC supportei Robert Stillman. In 2021122 the Dignity Award was made to an organisation in Thailand working lo educate marginalized children. S8f•guarding childrnn and youth As ol S$ptert)er 2022, GFC'S saleguarding poI￿Y Mll have been in action for four years. During thal lime. all new staff have attended inlroductory training, current slalf have attended refresher training arKI a further group has attended advanced training. Bri LaTendress8 has taken over as the Global DesNJnated Safeguard Lead {DSL) where she leads the devgloprnent. leaming, and irrplementation of GFC'S safaguarding initiatives. She is support8d by a Safeguarding Team which ir￿ludeS Haylpy Roffey, the organizalions secorKJ DSL, and John HeckJing•r. Pr8sidentlCEO. Bri completed her DSL training in Autumn 2020. Financlal r•vlew Results for the year The to1￿ YKome for the year ended 30 June 2022 amounted 10 £1,438,137 (2021 £3,816.817}, including £￿8.s61 of restricted grants {2021- £3,486,034}. The UK Trust was able to award £593.601 12¢y21 - £2,090.1961 in grants to SUFP)rt charitable activitigs. Of tolal expenditure of £1.715.679 12021 £2.867,5241, charitable •xp*ndilure (including support eoslsl amounted lo £1,646.459 (2021 - ￿.610.4621. Expgnditure on raising funds amounted 10 £69,220 (2021 - £57.0621. Net deftcit lor the year was therefore £277,542 12021- nel income £949,293). Even though the revenue forlhe UK Trust declined for lirsancial year 2021122, the combined revenue generated by GFC globally increased from $11.4 million to $14.1 million resulting 24% year ¢)v8r year growth. The fundraising proS￿ts in 2021r22 ar8 looking excepli)nal and thé UK Trust is hoping to increase thè charity's restrttod lurbjing by expandiro its work the Ptw)enix FurNJ initiative that started in 2020. The Gbbal Fund for Children UK Trust

Report of the tru8t•e8 30 June 21Y22 Th8 UK Trust has dec*Jed that it would be pnjdent lo hokj at the ￿￿niMum, an wjuivalenl of Iwo months. expenditure for staff and overhead costs in reserv8, wh￿h amounts to aFproximatdy £80.IXM) for the new financkil yoar startiw 1 July 2022. At 30 June 2022, the total funds of the charity. wh￿h are equivalent lo its free r8seNes, amounted lo £406.06812021 - £251.873). Free reserves al year-end therefore satisfy the above reservgs pOI￿y. Any available balance above this limit is part of oui regular operating cash which available to meet the ongoing needs ol the organization. The Board ol Trustees receives and a revenue and expense dashboard with an UFrflate on cashflow and reserves ¢)n a regular basis and crgate a plan lo reducg costs rf r9serves are forKast to dip below an agreed-upon threshold six ￿nthS in the future. GFC USA will continue to provide cash Ih)w assistance to th8 UK Trust rf needed for ihg upcoming year. At present. the polry for the Trust is to invest onty li cash deposits. Fundrnlslng The UK Trust wms lo achieve besi practKe in th8 way in whth it communutes with supporters. It takes care with both the tone of its communicatw)ns and the accuracy ol its data to minimise the pressu￿$ on supporters. Thg ¢harity is registered wilh the FundTaisirK Regulator armj adheres to the Code of Furnjraising PractKe. It applies best practice to protect supporters, data and never selLs dats, it never swaps data with other organksali0￿s. and it ensures that ils Communicat￿)n pr8lerences can bo changed at any time. The ehaiity managés its own furKlraising actwilios a￿1 doés not orry)loy tha s&rvices of professional fundraisers. The charity undertakes to react lo and investigate any complaints regarding its furmlraising aclNities and to leam from them and irrwve its Se￿ICe. During 2021122. the charity weived no complaints about its lur¥Jraising activities. The charity raises lund8 forthe prograffts il implements in the UK and gh)bally and in some cas8s make8 grants to support the woth ot ils Us-based affilialo. Prln¢lpal rlsks •nd une•rtslntl•s The trustees and key management personnel cary an annual Risk Management Rwiéw. The truste•s Teviaw th￿ risks on an annual basis. at a minimum, to satisfy the￿￿1VeS that adequate syslewts aThl pr￿edureS ar8 in place to manage the risks identrfied, and to trn$ure that appropriate nNbgating adions are tsken. When completed, Ihi$ review is docum8nted in ihe minutes of the re￿vant meeting ol the trustees. As the UK Trust relies on donatKins. the princ¥)al risk is the iiY4)act of the econom￿ climate for grant lunding and donations. An evaluatK)n is made of wtentkal aTrJ actual funding events to ensure that the LIK Tn￿1.5 resources are used in the ￿?51 effective manner and achieve value for money. 01 course, like many charities. UK Trust is iThpacled by the gbobal Gost of living Grisi$ and worfthvide finar￿la1 instabilty and ts effect on charitatAe gmng. This poses a risk to the UK Ttust. but dso an opportunty to play a leading role in facilitating funding flows to The Gk)bal Fund lor Chiklren UK Trust

Roport of tho tru81•08 30 Jun8 2022 organisalions wothin9 ilirgctly with aff￿led comrnunthes glc&alty. The Board of Trustees receives and reviews revenuo arbj expense dashboard on a regular basis. This dashboard provides an update on casmow and r8seNes as well along with a plan lo reduce costs il reserves are forecast lo dip below an ag￿ed-UpOn threshdd six rnonths in the future. In Ihis way, the UKTnJst and GFC globally can ieacl qui¢kty to changing conditions aTrJ anyshocks lo the revenu8 pipeline. Pl#ns for fu￿re pwiods In 2020121, the UK Trust covered its own costs for the vthole year and bgnelitted from operational supp)rt from GFC USA. In 2022r23. this will ￿ntInUe as the Tiust continues to grow and raises ne revenues of i￿rne. At th8 end o12W3, the UK Trust is conlid8nl ol new partnerships with Youth Endowment Fund aThJ FONDATION Chanel for a new round of Phognix Fund grants. These thre&year partnerships will mak8 corg grants lo England and Wales based black and minoritised eommunty groups who continue to struggle to recover from the paThlemic and its devastating economre irrpacts. To date. the UK Trust has sign8d a three-year institutional granl with Fondation Chan81 for over £3.2 million towards this initiative. GFC UK Trust also continues to play a key role in raising emergency fun(Js lor crisis, as we did wth Ukrasne in 2021r22, as they happ8n around the wodd, and will continue to work ryth nèw corporate partneTS and individuals in response lo these emergencies. to raise fI0x￿6 incom8 whth we can disl)urse efficientty. and safely. The Board of Trustees aré awarè a ¢hallenge remains. as the worfd continues to OP8rate within global economr instsbilty and Ihey will work ck)sety wilh the Managing Director to ensure key decisH)ns are made al critical times. Capacity issues were addressed in 2021122 and Ihg ygar ahead will be ft￿re focussed on ensuring that GFC UK Twsl is a great place to work, and the team are effl)ethJed fulty in the global inlraslructure and supporting organisation oty'ectives. in line with our new fi¥￿year strategic VIS￿￿n. The Board of Trustees will continue to devdop, plan and laurKh new initiatives to expand the UK TnJst's donor base. The Board of Trustees also forward to ttillaborating wilh the GFC staff lo continue a series of matching ¢ary>aigns and virtual events lo ensure that sufficient unrestricted lurbds fk)w into the UK Tr1￿ aftgr wtnessing their success in Ihe last financial year, lor example, including a rnalching caMp￿gn to support three GFC staff merti&TS who ran the London Marathon in Oclober 2022. Key managfftiienl remuneration policie¥ Key management ol th9 charity is regarded as its tyustees and th8 Managing Director. The trustees give their time freely, and none of the trustees received rgmuneration in the year. Th8 Managing Directorfs remuneration is sel by GFC, wilh consid6ration from the UK Board ol Trustees, and is reviewed annualty. A numbèr of criteria a￿ used in settirwj pay.. the nature ot the role aThJ its responsibililies. competitor salaries in the global sector. and the $ector avèrage salary for comparable positions. End-of-year perfonronce evaluations. where goals and targets are set. are reviewed ty th8 trustees arKI the CEO of GFC. Thg Global Fund for Children UK Trust

Report of Ih• tru8te88 30 June 2ff22 Golng ¢on¢¢m The trustees assess whetherthe use of wing corKem is appropriate: i.e., whetherthere are any material ur￿rtaInlieS related to events or conditions that may cast significant doubl on the ability of the tharity to continue as a going cor￿m. The trustees make this assessment fora period of one year from the date of approval of the financial stslemenls. Aft8r reviewing the UK Trust's forecasts prcfjectb)r￿, trustees have a reasonable expéctation that Iho charity has adequate resources to corrtinue its operational exi$tan¢o for th8 foreseeable luture. The key lactors tor this exwtation are as lollows: The UK Twst &)ard 1$ confthnt that the senior management team in the US and the Managing Direclor in the UK are well placed as GFC enters a new phase of discovery and innovation. The UK Board is fulty mnmitled and is looking forwarrl to another $wcesslul year of bringing in new resources. expandiThJ our reach. raising awarer￿sS and funding the forelronl ol social change. The UKTeam with support from the US olke will continue to establish partnèrships wilh UK and European based instilutNJns with a focus on both domestic and international based programming. The fully integrated US and UK Team will continuo to find opportunrties to introduce new board memb8rs to pa￿TS and connecting them thoughtfully with the GFC'S work. GFC UK Trust will conlinue lo supp)rt the growth of the FSC and ensure its sustainabilty by secumg suskinabl8 investment GFC US Mll conlinue to provKJe cash flow assistance to the UK T￿￿1 rf needed forthe up¢oming y•ar. Tiuste•' mpon#l)ilitiM ststemont The trustees (vhb) are also dirtttors of The Global Fund for Children UK Trust for the purposes of coryany law) are reswnstr)le for preparing the tnjstees, report and financial stslements in aCcOr￿e with applica￿8 law and United Kingdom Accounting Standard8 (Uniled Kng(h)m General￿ Accepted Accounting pr￿). CoTh¥>any law require5 the trust985 to prepare f￿ar￿la1 stalernents for each lirsancial year whKh give a true arnl fair vtew of the state of affairs of the charitable Coff￿anY and of th8 income aThJ expeNliture ot thè dwritable coryany for that per)d. The Gbbal Fund for Children UK Trust

Rew101 Ihe Irustees ￿ June ￿22 Trustees. responsibS1Stie• statement leontinu•J) In preparing these financial statements. thg truslegs are requiTed to: • S&l￿t surtabl• accounting FwJlici8s and then apply them consistently: • observe the methtyjs and prirtiples in Accounting and Rep)rting by Chariti'es.. Statement ot Recommended Practice applicable lo charities preparing their accounts in aecordan¢e with the Financk31 Rewrting Standard applicable in the UK and Republ￿ of Ireland IFRS 102)., make judgements and eslimates that are reasonable and prudent,. state whether aptAicable United Kirydom Accounting Standards have b&en tollowed, subject to any material departures disdosed and eXPla￿ed in the financial statements; and prepare the financial stateménts on the going concern basis unless it is inappr(fJriale lo that the ¢hariiable ¢onpany will continue in operation. The trustees are responsljle for keepirwJ proper accounting records that disckjse with reasonauè accuracy at any lime the finawal F<Isit￿n of the charitable company and enable Ihem lo ensure that the financial statements comply wrth the Companies Act 2006. They are also responsiblè for safeguarding the assets ol Ihe Charitab￿ company and hence lor taking asonablè stw for the prevention arKI detection ol fraud and other irregularities. Each of the tntstees Confi￿r￿ that: so far as the trustee ts awar8. there is Th) relevant audit infonnation ol which the ¢harrtable ¢tynpanYs auditor is unaware." and Ihe trn￿ee has taken all Ihe steps that helshe ought to have laken as a trustee in order lo maka himsdfthersolf aware of any relevant audit information and to establish that the charitable cOwn￿S auditor ks aware of that infomHtion. This confirnatK)n 15 given and should be interpreted in accordanc8 ￿th the provisions of s418 of the Companies Acl 2(X6. Th• trust8•s arè responsiblgforth8 rna1ntenar￿e and integrity of the corporate arKI hnanckql in10rwot￿ i￿lUded on the charitalle corry)any's websi(e. Lègislation in tho United Kingdom SKJveming the preparation th'ssenwnation of financial statements may differ from legislation in other jurisd￿10￿. Approved by the trustees and signed on their behall by Mark Wilson. Trustee AFproved on: //, Izs The Global Fund for Children UK Trust 10

Independent audltor'8 report Year to 30 June 2022 Independent auditofs report to Iho members of The Global Fund for Chlldren UK Trust We have audited the fir$a￿al statemerrts of The Global Fund for Children UK Trust (the 'charilabl8 company.) for th8 year eThled 30 June 2022 wh￿h comprise th8 stslem8nl of financial a¢livilies, the balar￿ sheet. stst¢mgnt of ￿$h flows. thg prir￿1Pal accounting licies arKI the notes to the tinancial slalements. The financial reporting framework that has been applied in their preparation is appluble law and United Kingdom Acc¢)unting Standards. including Financial RepJrh"ng Stsndard 102 The Financial Reporting Standard applicable in the UK aThJ Republ￿ of IrelaThJ' {United Kingdom Generalty Accepted Accounting Practice). In our cpiThon. the fin￿￿481 Stste￿nts: give a tnje arKI fair waw of sLqte of th6 chaiilable ¢oryany's affairs as at 30 June 2022 and of tts income aThJ expenditure for the year then ended. have been properfy prepared in accordance with United lfjngdom Generally Accepted Accounting Pra¢tr•: aTh • havo been preparwj in a￿rdance with Ihe rwirem8nls of th8 Ccrfnpanies Act 2006. Basis for opinlon We conducted our audit in accordance with Intemal￿n￿ Standards on Auditing IUKI IISAS (UKII and appl￿e law. Our responsibilities under th)s8 Starvjards are further described in the auditorfs reswnsiknlilies for the audit of the tinanck91 statements section of our report. We a￿ independent ol the charitable ￿MpanY in accordance with the ethical requirements Ihat are relevant to our audit ol the fInar￿la1 statements in the UK, including the FRC'S Ethical Standard, and we have fullilled our other eth￿1 r6sponsbililies in accordanco wrih these requl1e￿￿nts. We believe that the audil evidence we have obkined is sufficient and appropiiate to provKle a basis for our opinh)n. Concluslons relatlng lo gokng concern In auditing the h'nancial stalerr*nts. we have cOr￿luded that Ihe trustees. use of the going concem basis of accounting in the preparation ol the finartial stateménts is appropriat8. Based on the woth we have perfonned, we have not bJentThed any mateTial unc8rtainli relatirvJ lo events or coThJtlions that, indNidualty or collectwely, may cast signrficant doubt on Ihe ¢haritsble compan￿$ abilty to ¢ontinue as a going concem for a period of at least Iwelve months from when the stat8ments are auth)rised for issue. Our resFX)nsibilitie8 and the reskx)nsiblities of the trustees respect to going ¢oncem are des¢rib•d in th• rdevant s•¢lion$ of1his rwrt. The Gkbal Fund for Child￿n UK Trusl 11

Independent audltoV8 report Year to 30 June 21)22 Other Inlormatlon The other infofmation inlorynalion included in lh9 annual report and financial stat6m8nts. oth6r than the financial statements and our audito¢s report thereon. The Ifustees are responsible for the other informal￿n contained within the annual report and fInar￿lar statements. Ouropinion on the financial statements does not coverthe other information and, except to the extent otherwise ewieilly stated in our report. we do not express any form ol assurance ¢onclUsiC￿ thereon. Our responsibilty is to réad the other infomiation and, in doing so. consider whgtheT the other information materially tr￿onSI$lenI with the linanckil statements or our knowledge obtained in the course of the authi or otheThvise appea￿ lo be malerialty misstated. If we identify such material Inconsiste￿leS or apparent material misstatements. we are required to determine whether this gives rise to a material misstate￿￿￿1 in the financial slaternents themselves. 11, based on the wotk we have performed, we conclude Ihat there is a material misstatement of this oiher 1nf0nna￿n. we are required to report that facl. We have nothirvJ to rep)rt in this regard. Oplnkjns on othor matt•rs pr•scrfbed by th? Compan1•8 Act 2006 In our opinion, based on the woth undertaken in the course of the audit.. Ihe information given in the trustees, report. which ks also the directOTS' report for the purtM)ses of company law, for the financial year for which the financial slal6mènts ar8 prepared is consistent with the linaneial statements.. and • Ihe Iruslees. report, whth is also the directors, report lor the purposes of company law, has been prepared in a¢¢ordance with applthle ￿al requirements. IAallers on whlch we are requlred to report by excep￿On In the light ol the knowledge and underslanthng ol the charitable company and ils environment obtained in the course of the audit. we have r)ot Klentili8d material misslalemants in tho trustées, report. We h)ve nothiThJ to report in respect ol the followng matters in relation to whith the Companies Acl 21x6 requires us to report lo you il. in our opiThon: adequate accounting records have not been kept. or Tetums ad8quat8 for our audit have not been ￿e1Ved from branches Nrysited by us,. or the financi￿ statements are not in agreement wilh th8 accounbng records and returns; or • certan disclosures of trustees. reMUr￿t￿)n SpeCrf￿ by law are not made; or • we have not ￿e1Ved all the nfo￿￿tion and explanatK)ns we require for our audil. or • Ihe trustees were not entiiled to prepare th8 financial statemonts in accordance with the Sm￿1 companies regmme and take advantage of the small companies. ex&mplions in preparing the trustees. report and frcrfn the requirement lo prepare a $tralggi¢ roport. The Gh)bal Fund for Childrtrn UK Trust 12

Indynd•nt audllorfs rewt Year to 30 June 2022 R•sponsibilitiw of trusloos As explained ff￿re fully in the trustees. resp)nstiilities statem8nt. the trustees (wh) are also the directors of the charitable company for the purposes of Co￿VanY lawl are responsible lor the preparation ol tho financ￿1 statements and lor being satisfied that they givg a true arKI fair ew. and for such intemal control as the tnJst8es delemine is necessary lo enable the preparath?n of financial statéménts that aro fréé from material misstatement, whether due to fraud or error. In preparing the finartial statements. thetrustees are regponsible lorassessing the chaiitable company's ability to continue as a going CO￿em. dkYlosiThJ, as applicable. matters related lo )ing ¢oncem and using the going concern basis of accounting unless the trustees 911her intend to liquidate thg charilabl8 company or to ceasg owrations. or have no realistic aitemative bul to do so. Audftorfs respomlbllhles for the audit of the 1Snancial Slatements Our objectives are to obtain reasonable assurance about whether the finarKial $latement8 as a W￿le are free from material M￿￿tateMent. wheth8r due to fraud or error, and to issuo an audilorfs report that indudes our opinb)n. Reasonable assurance a high18vel ol assutance, bul is not a guarantee that an audit conducted in accordarKe with ISAS IUKI will always del￿1 a material misstatement when it exists. Mksstatemenls can arise from fraud or erTor and ar& consKlersd material rf. iThJivKlualty or in thè aggregate, tlw eoukl reasonabty be expected lo inlluence Ihe econom￿ decisions of users taken on the basis of these financial statements. Irregularthes. i￿l￿d￿0 fraud. are InStar￿ of l￿)n-￿￿phance with k3ws and regulations. We d8sign procedu￿$ in line with wr re4)on$lxlities. outlined above, to d8tect material misstatements in r8specl of irregularities. i￿ludIr￿j fraud. The extent to wh￿h our procedures aro Capable ol dat￿ting irregularitias. i￿1￿11ng fraud is detailed belovr. Our approach to hsenlrfying and assessiNJ Iho risks of matwial ff4ssLqlem8nt in respect ol irregularities. incI￿ling fraud and ￿r￿cO[r￿lIanc8 with laws and regulations. was as follows: • the engagemenl partner ensur￿ that tha engagement team collectively had the appropriate cornpetence. capth'lities arKI to wjenbfy or ffj¢ognise rwompliarKe with applicable aThJ regulati￿$. and • wo obtwn8d an understarwjing of the18gal and regulatory fra￿￿wo￿(S that are applicable to the Charitab￿ company and delermined thai th8 most signi1￿an1 framoworks which are directly relevant to specrlic asse￿On$ in the financhgl ststem8nts are those that relate to reporting framework {Slatement of RecommerKled Practice: Accounting and Rewrting by Charitres preparirrfj th8ir accounts in accordance with the Fina￿la1 Reporting standa￿ applicabl• in tho Unil*J King(h)m and Republi¢ of Ireland IFRS 1021 and the charl￿eS Act 20111. The Global Fund for Chiklren UK Trust 13

Ind¢pondont audltor'8 report Year to 30 June 2022 Auditor's rosponslblllties lor the audil of financlal statements Icontinuedl We assessed thè suscept'Fbilty ol the charitable company's financial slalemenls to material misstatement, including obtaining an understarKling of traud might occur, by: • making ewuiri8s ol manageThwt as to their knowledg• of actual. suspected and alleged fraud; and considering the intemal controls in place to mitigale risks of fraud and Tr)nilities. This description lom￿ part of our auditor's report. Th8 Gh)bal Fund for Chihjren UK Trust 14

Indepwthi audilorfs r•port Yoar to W June 2022 Uu of our r•port This report is made solely to the charitable companys rnembeTS, as a body, in aw)rdarKe th Chapter 3 of Part 16 of thè Companie8 Act 2LTh. Our audtt work has been undertaken so that we might state to the charrtable coryanvs methTS those matters we are reqUI￿d lo state to them in an aLKlito¢s reFOrt and for no other purws8. To the fullest exl8nl permitted by law. we do not acc8Pt or assume resp￿￿)sibIl￿ to anyone other than the charitsble conwy and the charitatAe as a body. for our a￿￿11 ￿ for this rèport. or for tho opiniorts wé hav• torméd. Shachi BlakeffL)re (Senior Stalulory Auditor) For and on behall of 8u22acott LLP. Statutory Auditor 130 Wood Sireel London EC2V 6DL Date.. 20 January 2023 The Gk)bal Fund for Chiklren UK Trust 15

Statwnwrt ol financlal a¢tivilios Year to 30 June 2022 Total fvnd• ILmds fijnds 2021 In¢¢m¢ frtyn: D¢¥)aikYB aTrJ18ga(ios Int6rasl r•cewablo Toil In¢om• 31I3,WJ5 1.183A10 1,437,51S 622 4,527 1,133.610 1,438,137 J3.143 3,513,593 3.818,736 81 01 303,T24 1513.593 3,816.817 ¥9ondltwo on.. Ra8lng fwds Charitatl8 actMi88 . Grants Ward￿ arKI PrDiectCf6ts . &Jpwl costs Total expen1￿{￿• 57.082 57.L 1.471,527 IM71 Tl.021 97,311 174,932 146W1 1.$68038 1.71SM79 8272 2.722.842 2.731.114 46.8V2 97.820 2,769.704 2.B67,524 Not(8xp￿￿￿￿•l In¢om• 147MO 14352W (2ny21 205.404 743.889 949.293 T￿SferS 11 ￿491) 3ml N•t mts¥•rnts In lundB 154,115 (451.737) 1277X) .404 743.889 949.293 Re¢on¢lliatI￿ olfund8: Fund b￿8￿$ browgit at jj￿Y 251.on 1.OlQ123 12rn 46.W 274.934 321,403 Fund balanc￿￿11¢￿ l¢rwd 30 June 4N.088 $87.r8 993,154 251,873 1,018.8rJ 1270.696 All ol the charity'$ activities dsrived from continuing operatKJns durng the aLM)ve two fina￿la1 years. All recognised gains arKI h)sse$ aro indud8d in the statement ol financial activities. The Global Fund for Children UK Trust 16

Balance Sheel as at 30 June 21r22 2022 2021 Debtors Cash al and in hand 207,828 848.815 1,056 1,053.478 1,321,980 U•bllith•: Cr8ditots: afflowts faling the within one ygar N•t eurr•nt •u•ls 10 163.489) 993.154 151.2841 1.270.696 Toral •88•ts 993.154 1.270.696 Th• funds of ¢h•rlty: unTes1￿led . Gener￿ fuThJs 251,873 251.873 1,018,823 1,270,696 ResI￿ted luTh 993.154 The notes on pages fo￿ part of th8se financial staternents. A4proved by th8 trustees and shjned on Iheir bel￿1[ ty. Mark Wilson. Trustee AFrf)n)ved on: f/i12J Cryny RegistratN)n Nuffthr. CW31876 (EngLqnd and Wales) Chaiity Regbstralion Nun*J8r. 1119544 (EngLand and Wales) The Global Fund for Children UK Trust 17

Statement of cash Ilow$ Ygar to 30 June 2022 2022 2021 Noles C•sh Ilw frtyn operating actlv5tl•s: Ng1 ¢&sh prmled by operntiry atht A {205.285) 7tr2.1￿1 Ca•h Ilow• from Inwstlng ¢tivilig¥: Interest ￿e1Ved ¢ash w¢vld•d by inve•llng •cthltl•• 622 622 81 81 Change In cash and cash •qWTAlont• in lh• y (204.663) 702.271 Cash und cash equlvaleTht• at 1 Juty B 1.053.478 351.207 Cash and c•4h •WvalMt• at 30 Jun• 8.815 1.053.478 Notes to the slatement ol cash fl¢>ws lor the year to 30 June A Reconclllallon of net movement In funds to net cash provlded by operating activilies 2021 Nèt mov•ment In (88 per th• •tat•m#rt of a￿1?•> 1277A42) 949.293 AdSu¥tm•nt8 for. Interest r￿NjIe Decreasa lincraasel in detéo I￿rease Idelyeasel in credito N•t cash provld•d by actl¥lll•• 1622) 60,674 12.205 (205.285) {205,4021 141.620 702.190 B Analysis ol changes In net debt 2Wd1 Cash Ilows 21)22 Cash at bank and in hand Tol•l ¢8•h ca8h •qulval•nt• 1.053,478 1.053,478 1204,663} 1204.6631 848.815 848,815 The Global Fund for Children UK Trusl 18

Prlnclpal ac¢ounllng poll¢l88 Year to 30 June 2tr22 Basis of prep•rnllon The principal accountirvJ polKies adopt￿. I￿jgem8nlS a￿1 key sourc&s ol estimation uncertainty in the preparation of the fina￿la1 statements are laid out below. These fIna￿la1 stalemenls have been prepared for the year to 30 June 2022, with corrparatNe informal#)n provided in respect ol the year to 30 June 2021. The financial statements have b8en prepared uThJerth8 historical cosl convention with ilerns recognised al cost or Iransactbjn value unles$ otherwise sts1￿ in the relevant accounting policies below or the ￿leS lo these financial stat8ments. The financial statements have been prepared in aIxo￿aTrce wilh Accounting and Fleporting by Charities: Statèment of Aecommended Practice applicable to charities preparing their accounts in acCOrdar￿ with the FinarKial Rep)rting Standard applicable in the United Kingdom and Aepublic of Ir&laThJ (Charities SORP FRS 1021. the Financial Reporting Stsndard applKablg in the UK Republic of (FRS 1021 and the Corrwiies A¢1 2006. The ¢harity constitutes a public benefft entty as defThd by FRS 102. The final￿la1 statgments are present￿ in stgrling aTrJ are rowded to tho n•aro$1 pound. Critical acrnunting •stimth and ar•as of iudgwTr•nt Pr8parydtion of the tina￿la1 statements requires Ihe trustees and management lo mak8 significant judgements and •stiThk4t8s. The r(ems n the fIna￿la1 slatements where these judgements and estimates have been made IrKI￿le.. • Ihe alkxatton of staff costs between support Costs. exp8fKlrlure ￿ raising funds and exp￿￿￿rture on charitabl8 activities. • eslimales mado in rO￿lOn to ino)me and expeThJiture fk)ws for the purp08e of assessing going COr￿ern in the light of the ongoing Coronawrus pandemic. The trustees assess whether the use of going concem is appropriate. i.e.. wheth8r there are ary material Ur￿ertaIntieS related lo events or that may cast significant doubt on the abilty of the charity to continue as a going concem. The trustees make this assessment for a period ol one y¢arfrom thè dateof approval of th• financial $tatéments. After reviewing the Trust's forecasts and projections. the trustees have a reasonable expectation that Ihe ¢harity has adequate resources to continue ils operational extstence for the foreseeable future. Th8 k8y factors for Ihis eXpe￿allOn are as fol￿WS. The Board is confident Ihat the senior manageThnt team in the US and the ManagiThJ Director in Ihe UK are well placed as GFC enlern a new phase of dis¢overy aThJ innovation. The Gkibal Fund tor Children UK Tnjsl 19

Prlnelpal aeeounting Poli￿ Year lo 30 June 21Y22 Assessm•nt of golng concern {conlinu¢d) The Board is lully committ8d and is k￿kIng lO￿ard lo another successful ygar of bringing in new resources, expa￿ling our reach. raising awareness and funding the forefront ol sociai change. The Tru￿ with Ihe support from Ihe US office wll continue to establish partnerships with UK and European based institUtr<m￿ with a focus on both th)meslic and intemalional based programming. • The Ivlly integrated US and UK Tèarn will Continug to find opportunities lo introduce new board mémbèrs to partn8rs and connecting them th0ughthj1￿ with the GFC'S work. GFC will start hosting small, in person dinneTS and events to expand its donor base as restricti￿ begin to ￿￿8. Trust will further its funding relatKJnships irtstitutiorts such as Laudes Foundation. PeoFAe Post Code Lottery and Swedish Post c¢￿￿e Lottery. The eurrènt projections ir￿lude a anolher round ol Phoenix Fund grants. a M￿ti￿10Th)r mutti-year initiative a￿1 increasing its work in Africa in post conflict areas. Safeguarding CL41aL￿rati¥e IFSCI will continu8 to build on ils membership networt( and provide t8chnical support advicg and trwning on matters related to safeguarding. FSC secured investments in 202112022 to laun¢h new initialwes in Uganda and India. These are pilol programs to identfy hjeal approaches to keepiig people safe in these regions. • GFC USA wll continue to pro¥ide fhThT 8s5iStance to the Trust rf needed for the year. The trustees have therefore conduded that th6re are no material U￿rtalrrtIaS related to •vents or cO￿lItiOnS that may cast signiltsnt doubt on the abilty ol the charty lo continue as a wing concem. despfie the ¢)perntional drfkutties posed by the Coronavirus pandemK, aThJ that the use of the going cortem basi5 of preparatKJn lor these tInar￿la1 statemonts is appropriate. Income is recognised in the period in vthich the charity has entr(lem2nt to the incoma, the amount ol incorno ¢an ￿ measured reliabty and il is probable Ihat the income will be recoived. Irwne comprises donatiorts, grants frcffi tru$ts. and interest receNable. Tho Gk)bal Fund for Children UK Trusl 20

Pth¢lpal accounllng pollcles Year to 30 June 2022 Income recognition (continued) tk)nalions are recognised when the charity has conffirnation of boih the amount and settlement date. In the event of donatK)ns pledged but not rec&N6d. the amount is accru8d for where the rec8iPt is consMJ8red prob￿8. In the event that a donalN)n subject lo ¢ondrtrons that requir8 a levd of perfom)ance before the charity is entIt￿d to the lunds. the i￿Orne is deferred and not recognised until eilhor thcts• conditK)ns are fully met, or the luNilment of those coThJitions is wholty within the control of th8 charity and it is probable that Ihose condtliorn will be fumilled in the reFKtrrting perN)d. Vlhere (ksnors specify that donations and grants rnust be us&J in fu￿re accounting per￿￿$. the irKome i8 delerred. Grants frorn trusts are credited to income when the charity has both ccffrfimation of the anN)unl and entitlement to the income. In the evenl of grants confirmed but nol received. thg amount is a￿lUed for where thg r￿elpl 15 considorgd probabl8. Interest is included wh8n it is receivable aThJ the amount can be measured reliably by tho ¢harity. This is usualty on notilration ot the interest receivable from the ba Expendllure recognltlon Liabilities are recognised as eypenditure as soon as Ihere is a legal or wn$truGtive obligation comffdtting the clbarity to make a payment to a third paty, it is Probab￿ that a transfor ot 8cor#)mic ￿n￿rtS will b& r8quir8d in settlernenl and the amount ol the obligation can be rneasured reliabty. All expenditure is accounted for on an accruals basi%. Expenditure ¢omprisg$ direct ¢osls arKI support costs {includtng ty)vemarte costs). All expenses, including support costs, are located or ap￿rtIoned to the applicabl8 expeTh*ture headings. The c￿SsI1￿￿tion belween activities is as lomows.. Exponditure on rai8ing funds I￿￿deS all expenditure associated with fundraising, I￿lULln9 appficable staff costs. Expendilure on charitable activit￿ I￿￿udeS all costs associated w￿h furthering the haritablg purpos95 ol the charity by supwrting ¢hikJren across tha globe. Su¢h Costs include charitat￿e grants. direct costs and supp)rt costs ncluding govemance costs. Grnnls and donatiorts ar• incbjded in the statement of financial actbvilies when approved for payment. Provision rnade for grants and th)nations approvsd but unpaid at the period end. All •xpeThJrturn is ststed itluspie of irre￿¢￿￿4• VAT. The Global Fund for Chikken UK Trust 21

Princlpal accountlng poll¢le8 Year to ￿ June 2022 Alk*¢atlon ol 8ilPPOrt and governance ¢08ts Support costs represent iNlirect charitable expenditure. In order to cary out the primary purposes of the charrty il is necessary lo provide suFport in the fom of personnel, financial proce(knres, provision of office services and equipment aThJ a suitable working environment. Staff costs are alhxaled be￿een raising funds and charilabl8 activitiès on thé basis ol time spent on théso aetivitiès by staff. Govemance costs coffpriso thé costs invdving the Publ￿ accountability ol the charity (including audrt costs) and costs in respect lo rts comp1Hr￿e with regulalM)n and good practice. Debtors are recognised at Ihwr setuewil amount, less any provision lor non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted lo the presenl value ol the future cash receipt where s￿h dis¢ounting is material. C￿h at bank and In harml Cash al bank and in hand represents such accounts arKI instrum9nts that arg available on demarKI or have a maturity ol Itss than thrge ￿￿nthS from the dale of acquisition. Creditors and provl•io Credttors and provisions aré rscognisod when there 15 an obligat#)n at the balance sheet date as a result of a past event, it is prcl)able that a transfer of ecorM)mic benefit wil be required in settlemenl, and the amounl ofihe settlement can be eslimated reliably. Creditors and provisions are recognised at the amount the charrty anticipates il will pay to sÈtde th& debt. They have been discounted to the present value of the tuture cash paymont where such discounting is matolial. Fund strucluro FuThJs held by the charity are either. Unrest[￿led general tUr￿- Ihese are funds which can be used in accordance with the charitab18 obiecls at the dwretion of the trustees. Restricted luThts - these are funds that Can On￿ be used for partKular r8S1ricled purFM)s8s wilhin the objects ol the charity. Reslrictions artse when sp8crfigd bythe dO￿T or when funds arg raised for pariKular reStr￿ted PUTposes. Further gxplanatM)n of the nature and purpose of each fuThJ is induded in Ihe notes to these financial slalements. The Gh)bal Fund for Chikjren UK Trust 22

Prlncipal accounllng pollcles Year to ￿ June 2022 For¢lgn curreneles Assets and liabilities in loreign ¢urrwKies are translated into sterling at Ihe rates of exchang8 ruling at the balance sheet date. Transactions in foreign currencies are Ifanslaled into sterling al the rale of ex¢trwue ruling at the date ol the transaction. Exchange differwKes are taken into account in arriving al the net mvemenl in funds. Penslon ¢ontrlbutlons ConlritmJl￿nS in respect ol the charivs dgfined ￿ntribUtIon pgnsion sGh8m8 are Gharged to the statement of financial aCtr41t￿ when th8y are payable to the sch8me. The charity's contrikxrtions are reSt￿ed to the contributions dtsclosed in the notes to the tinartial statements. There were no oulstsnding conlriimjlions al the year end. The charty has no liability beyorKI rr4king its contribulions and paying across the deductions forthe employ8es' contributions. Op•rating lea8•8 Renta￿ applicable to Operating leases vthere substantialty all the b8n8lits and risks of ownwship romain with the lessor are charged lo the statement of financial activfties on a straight line basbs o¥er the18ase tem. The Ghib￿ FurKI for Children UK Trust 23

Notes to tho linan¢ial stat•m•nts Year to 30 June 2022 1 Income Irom: Donationsy grants •nd legacl 1)27 130,489 420N90 2CII,948 22 2aS 212,392 2.2fy) 2,2YJ &486.034 3,486,034 92,672 21,215 3,816,736 Gits.1rt4W dL¥4bL 11155 18.185 Grants T￿81v￿j 39,$50 Ih37,515 20.115 303.143 3.513.593 Total l￿d$ 303,gOS 1,133&10 2 Expendltw• on: raisry IufMIs Unr•strSct•d funds 2022 2021 Stall costs {Tr)te 6) Fundrai&n9 ev&)t 69220 41,341 15.721 57.062 69220 3 Exponditur• on: charitable activltle8- grants award•d and propGt wsts Total fund8 2022 2021 Grants awarded Staff costs lTh)t8 61 Pro￿ rdated professional seNices Project related costs to GFC US {nots 12) $93.601 253.538 73.041 551.347 1,471.527 2,090,196 142.381 102.880 395,657 2,731.114 ExpendI￿re on: d*rlt•bl• activili•s- grants awarded by calegory Totsl fund• 2022 2021 Primary gran Emerg8ncy grants ok8c￿lC￿&ry grants Opportunty grants Discrellc￿ary grants Pho¢nbX Fun¢ grants 130,124 109.10D 14,500 24,877 315.000 58,496 20,000 4.700 2.1)07.000 2.090,196 $93.601 All grants were awarded to institutions. The Gk)bal Fund for Children UK Trust 24

Nol•s to th• financial stat•m0￿ Year to 30 June 21>22 Restrlct•d lund$ 2￿21 Y20 Char¥J8 CIC 20.CrfJO 20,C#)O C8nl8r lor P8xe Sbjrth C￿F￿￿ 20,000 315.OIXI 20.OCX) 20.( 20.¢X EFAI C8rtr8 for FYcsr858 Ev¥JBr￿e to Exlst 20.￿0 20,000 20,[￿j0 5,C#JO 2.fy)0 20,Lk)O J￿en med￿ C￿t￿¢d Mubash8r SaJJ He 20.0 20.TrXI NEMI Lkn Pro18ge ONA IZl SrhJte 20.￿)0 20,￿)0 20.CN)O 20,fyJO 20,￿0 Tl* Pwc4&1 Thè Sharon Total fund8 2W22 2021 Stsff costs (note 61 Other staff costs Bank charges Insur8n¢¢ 13,986 5.072 352 1.575 159 27 452 33,994 1,245 4,648 3.089 2,105 8.650 fj28 2,027 Printing Tdecorrrfnunicati Prole&wonal and legal le¢s l&r9nce and mernbershp oirice eypenses Travd and sdxis Technology costs Entstsnmenl ￿ glts (non-staffj Olke rent 25,428 988 679 48,476 631 12,636 174.932 12,600 79,348 The Gknbal Fund for Children UK Trust 25

Notes to the flnanclal ststoments Year to 30 June 2022 4 Expendltur• on: Support costs Iconlinuedl 01 the above expendf(ure, £rul ot staff costs a￿1 £97.3110l support costs related to the restr￿ted fund {2021- £nil of $taff ¢osts and £46.862 of SUFWrt ¢osts relatgd to the restticled fund). S Net incom• (expendI￿re1 This is slated after charging- 2022 2021 Au¢S10¢3 remunerathon . AL*tht serv 12.636 16.982 12.6 18.197 6 Slaff costs Salaries and wages s￿la1 se¢urrty C¢J5ts Pension contiibutions 317.700 31.862 fj231 35S.793 176.753 15.070 197.708 2022 2021 Summary ol costs: . RaisiNJ funds Project costs 69,220 41.341 253138 142,381 33.035 13.986 355,793 197,708 During the year, one employee eamed between £60.￿1 and £70.OC(J and one 8mployee eamed between £9).C￿l and £100.0￿ {2021 - ono èmploy8e earned belween £80,001 and £90,OCwJ). Contribut￿n$ of £3.52212021- £1,753) were paid for the provision ol w￿neY pur¢hase pension beneffts in resm of these employees. The average number of employees durirwJ the year was: 2022 2021 Full Ilrne P•rt Ilm• oa Full lime Part tim8 Av•ra90 number No trustee. or any person connected lo Ihern, received any reimbursement of expense$ during the year {2021- none). The key management personnel of th8 charity in charge ol directing and controlling, running and operating the charity on a day-to-day basis ¢oryrisg the trustees and the Managing Director and Deputy Dir8clor. Thg tot4 remuneration amounled lo £133.740 during the year {2021 - £93,432}. The Global Fund for Children UK Trust 26

Notes lo tho linancial statements Year to 30 June 2022 8 Taxalion The Global Fund for Chihyren UK Trust is a registered charity and therefore is not liable for income tax or ¢orFrf)ralion lax on irwme derived Irom its ch￿Ilable activities, as it falls within Iha various exa￿Vth)nS available to registered charities. 9 Deblorn Grants 103.9D1 243,637 103.927 24.865 207,828 268,502 10 Cwedhor8". amount8 falllng (kn wlthln one year 2022 2￿27 Amounts to relat￿1 parfi8S Expert80 crethtot¥ ￿ ￿¢￿ Grants payable Deferred aNI ottr crth 12,707 35,341 12,707 29.510 15.441 9,067 51,284 11 Rostricted funds 1 July At 30 Jun• 2022 Inco￿ EXP￿di1￿M Tr•m¥Jfgr• N•tion•l Lott•ry C(#nmunity Fund- Bop •nd Young Men InltSat5¥e P•opl•'8 Po•t Cod• Lottary Fundern S•fwnlng Con•ortlurn Pho•nlx Fund 116,120 1116,320 1385.4971 198.733 504.842 104.W 208.628 {45A381 468.￿1 {644,2851 {105,4281 (142.7041 (50W71 16.130) 329,448 625 20.386 Sp•rk Fund Klck•t•rt Em•rw¢y R•sporw• Fund - Oth•r Em•rg8ney R•8porw• Fund - VkTn• 4W1 11.4351 11A27 (11m) 145•9 1.133,610 (106,810) {1A68,838) 38.519 587,086 1.018m3 3,491 Th8 Gk)bal Fund for Chiklren UK Trust 27

ot•s to tho finoncial 8tatemenl8 Year to 30 June 2022 11 Restricted fund$ (continued) AtlJuty AI 30June Fund. &)ys ￿ Yotry Afen InIt￿lIve People's Post God8 Lottery Fundetts Saleguard Gonsoffjum COVID-19 8ppeal Phoenix Fund 215235 12,783 (98.915) (78.553) 116.320 84.230 150.t 28.1 18.754 591,558 (114,878) (26. 198) 2.420.068 (2.315.265) 104.803 344,523 (135.895) 208.628 274. 3.513,593 (2,769,704) 1.018.823 National Lottery Community Fund- BO￿ and Young Men Inltlallve . Explorlng Masculinilies in England Th8 Boys and Young Men IBYMI Initialivg was a pilol launched by GFC and TNLCF in 2020 to support a new and innovalive netwo￿ of 10 communrty-based organisalions across England focused on working with young around positive, healthy and expansiv8 masculinities. During tho 18 mnth pilot, the funded work ￿clUded new research into the irryath ol latherlessness on boys. ed￿atIOn, garo cutiure and masculinities as well as thérapeut￿ work with young. gay BAME men have experienced chikjhood $8xual abuse and Iofced marriage. The pilot ended in Septenknr 2021 has a legacy of building a new network of oTrJanisations working on masculirities as well as funding positive and healthy cOMff￿nty-1ed masculinty wor that has beneffted over 8.(KM) boys and young men across England. We are currW seeking addrtional lundiry lor phase 2 of this wotl(. In 2021122, as a part ol the support tor these grantee partners, GFC made 16 grants in GBP dirert from GFC-UK Trust. People'$ Post Cod• Lotl•ry . Endry w￿l¢￿C0. Empowerlng Glrl• This initiative seeks to address the pèrsislent barriers that a￿l￿Scent glrls face to attending and slawng in school. As part of this inibatNe. GFC works with seven community-based organizalions in Guinea and Cote D'lvoire to mitigate these intensified risks for girls leli oul and falling behind in a COVID-19worfd. GFC believes thal, gspecialy in this pivotal moment. grassroots eiwl society4urKlad. strengthened, arKI Connected-can and musl ensure that gids who have fac￿ thè rnst signrftant bafflers to education are given the oFportunity and SUFPOrt they need to succeed. GFC hopes lo be a cataiyst and commrmgd champion with and for these seven grassr(￿ partners who will ￿lMagIne a more resilient and inclusive educational journey for all gits. This initiative expands on our wovk wilh five partners in Sierra Leone and Liberki {SAL-LIB Girf Power Movement). all wothng to advan¢e gender equality aTrJ expand cpportunrties lor git1s lo fomi a Mano RiveT Union part￿r n91work. Thi iniliative is a partne￿hip between T¥Jes Foundation. Péoplg's Postc¢)de Lottery. and GFC. The Gkbal Fund for Children UK Trust 28

Nole8 to the flnanclal statements Year to 30 June 2022 11 Rostricted lund8 {cc)tinuedl In 2021122. as a part of the $UFPOrt forthese grantee partners, GFC made 11 grants in GBP directly from GFC-UK TrusL Swedl•h Postcode Lottery . Balkan Refugee Nelwork (BRN) Global FuThJ lor Children supports a n8two￿ of four coTr¥nunity-based organizations in Southeast Europe that are incr&qsing ProteCt￿nS for mHJrant children a￿1 youth and promoting toleran¢9 in transit and h)st ￿UntrieS. This initiative is a partnership between th• Swedish Poslc¢xle FoUndat￿n aThJ GFC. The partners are located in Croatia, North Macinia. and se￿la. where rrigrant children and youth face vrolence. exploitation. and discrimination as they travel Trjrth seeking refuge in other Eurcpean countries. These organizalions are pmvidiro seNices and support to migrant children and iheir lamilies, as well as advocaling for improved laws and greater social acceplance. In 2021r22. as a part of the support for the BRN grant99 partners, GFC made 6 grants in G8P dirertly from GFC- UK Trust. Em•rg•w Rmponm Fund: Uknin• Sin¢e the $tsrt of war in Ukraine until June 30. 2022, GFC approved 56 enrgen¢y grants lotalling nY)re Ihan $1.3 million to supw)rt ￿K)re than 45 communty-based organizations that are helping chihjron and families under attack and retugees fleeing the country. Includéd in the Ukraine wnerg•ncy grants were 4 emergerty grants made in GBP directy from GFC-UK Tnjst. Working under extremely drfficull conditkins. our partners are doing whatever they can to keep children and youth safe. wa￿, and I￿. They are eva¢ualing thildren with disabililie$ aTrJ organizing sheller for those who re￿Wn in dan98r. They are helping families lo purchase food. water, fuel, and cblhing. Ttrw are providiro neeessiliès to families seeking refuge in westem Ukr￿r￿ and beyorKI. Th8y are offering emotiQDal support to children living urKJer Incredib￿ stress, assisting LGBTQ+ youth facing discrimination as they seek salety, and $0 much ￿K￿re. As th? situation on the ground evolves, thèy will continuo to adapt. Funder SAlewarding Collaborallve This fund was established in 2020 as a result of five coThing together to Jenlify ways lo strenglh8n safeguarding across the rK)n-profit sector. Th8 Funder Safeguarding Collaborative formalty launched in March 2021 and aims to achiev8 change through creating a Conn￿ling philanthrop¢ organizaliorts to knowladge and expertise on safeguaiding, providing technical SUFPOrt and training and acting as a conduil lor pwled investment. Since March 2021 to the end 012020121. 61 fund8rs have joined the network and were able to access inlormalion and guidance on safeguarding through thg FSC R•sourc8 Library and online platlomi. as well as attending webinars. peer leaming circles and discussion spaces. In a&Jition. FSC has prov￿￿ed technical supp)rt to 40 members who have made an annual rnerrtjership contrtiution as well as providing wore intensive support and training lo 13 men*Jers via consullaw $eNtis. Finally. FSC secured investment from 4 meffl)ers lo slrengthon safgguarding globalty. With investmènt from Corn￿ Reli&f and Oak Foundalion, FSC has initiated a small grants schem8 w) Uganda to tsjentify local approaches to keeping pwlo saf•. In 2021r22. FSC made £315.(K#) in grants to CNFund to support this work. In The Global FuThJ for Children UK Trusl 29

Nole8 lo the flnanclal Stateme￿ Year to 30 Jun• 2 11 Restrlcted lund• {continuedl addition. FSC is esta￿lsI￿ng Communities of praCt￿e ft)r safeguarding consultants in 5 countries in Asia and 3 countries in Al￿ to increase access lo hHJh qualty safeguarding expertise. This wotk is lunded by the Laudes Foundat￿ arml CIFF. Avast Foundauon: Spark FurKI The Spark Fund is a participatory fund, designed and led by youth. with regional youth pan&ls making lurKling derisM)ns in South Asba. Europe and Eurasia. and Soulhem Africa in the first year. We recruited a lolal of 40 youth pand￿St$ across the r8gions. Th& pibfs m was to emp￿1 young pecpie to design and make dgcisions on who receives funding in their regions aThJ to invest in innovatrvè yout1￿led arKI you1h.1￿USed social change. The Spark Fund pilot is a funder partnership wrth the Avast Foundalion. Demand lor the Fund was high even in its first year - 7￿ ap￿icatiOnS were rec&ved globally. with the majority I￿rn youlh-led organizations, many of which have never recaived funding bafora. As ol June 2022, the panellists in each of the regK)ns have chosen a totd 0156 partners globally ranging from partners focused on climate justre lo ttv)se kckliThJ gender inequalilies. Emergoncy Re8pcw• Fund: Oth•r This fund was launched in 2019￿ in r8spJn50 to the unpre¢ed8nled irya¢t of COVID-19 across the world. GFC'S communty-based partners. in their role as frontline communty leadets, are proleeting thè worhj's rnosl vulnerable children wilh critical sery￿eS. This fund supports these partn8rs by prO¥￿ing them with ful￿ flexible emergency grants and access to capacity development support. In 2(r21f22, GFC made 1 grant in GBP directly from GFC- UK Trust. Phomlx Fund The Phoenix Fund was 8Stablish9d in 2020 with the supw)rt of The Nationa Lottery Community Fund and Glc4Jal Fund for Children and gave over £2 milbon in grants lo BlaGk. Asian, a￿1 Minority Ethn￿ {8AMEI communitias acfOSS England in 202Crf21 during the COVID-19 crisis. In 2￿21122. Gk)bal Fund lor Children proV￿￿ed ongoing d8Vglopmgnt support to The Phoenix Way partners focused on building ihe long term sust￿nal￿1ty ol the Fund as well as supporting leaming actNilies to ensure Ihal the impact and success of the initial funding round was wtured. Klckstart Inltlatlve Kickslart was a UK govemment scheme that prowded funding to creale new jobs lor 16- 24 year old youths at r￿k ol long torm unemployment. Gbobal Fund lor Children ulilized the scheme to create a new Tgam Support Assistant role from Juty- December 2021. As part of the schem8. Fund for Children received lunding to support set up costs, pay wages and national insurance throughout thè plaeem•nl, and lo support the young p8rs0n in the role to develop their employabilty skills. The scheme. wh￿h ks now closed, was successful and resulted in the young person being off8red a pern￿nent rde by anolher UK funder at the eThJ of the placemenL The Ghjbal Fund for Chihjren UK Trust 30

Notss to tho financSal Stat•n￿nts Year lo 30 June 2022 12 Related pjrty tran•actio The charity received cash donalts)ns from various related parties during the year. These are summarised bel(Mi: Aelated Party Don•tlons Ine<>m• 2022 2021 Trusta8s Other Telaled parties excluding trustee . Gddman Sth & Ccrtnpany . PJT Partne Total 25,360 6.383 35,165 17,311 77036 36.856 33,100 76,139 The th)nations above were without t•mB and conditions and unrestricted in natur8. G￿dMan Saehs & Coryjany is a related party by virtue of the fact that a nuthr of the trustees are members of ils management committee. PJT Partners is a r8lated paty by wrtue of the fact that one of the trustees is a Partn•r. The trustees did not receive any w￿￿ments or any reiMi￿rseMenI of expenses during th& year (2021- none). Athitionalty, the folbwing transactions took pkace during year. Aelatod Party Exp•ndlturn 2022 bl• F￿h•r detall• Glctsl Fund for Children 551J47 395.657 The Fund lor Childrèn ts th¢ Charity's US parent entity. Mark Wilson and John Hecldinpr a also Intstees ol GFC. At the year end, an amount of £12.70712021- £12.70n was owing lo The Global Fund for Children US lor q)erating expenses paid on behalf ol The Global Fund for Children UK Trust. The Gkjbal Fund for Children UK Trust 31