The Global Fund for
Children UK Trust
Annual Report and Financial
Statements
30 June 2024
Company limf(ed by guarantee
Registration Number 06031876 (England and Walesl
Charity Registration Number 1119544

Contents
Reports
Referen￿ and administrative information
Report of the trustees
Independent auditorfs report
12
Financial statements
Statement of financial activities
17
Balance sheet
Principal accounting policies
20
Notes to the financial statements
24
The Global Fund for Children UK Trust 1

Reference and administrative infomiation
Trustees
Marine Abiad
Michel Antakly
Carol Liew (appointed 29 October 2024)
Antoine deGuillenchmidt- Treasurer
John Hecklinger
Kiran Moorthy
Sonal Patel
Muna Wehbe
Mark Wilson - Chairman
Registered and Operational address
4 Crown Place
London
EC2A 4BT
Website
www.globalfundforchildren.orgluk-trust
Company number
06031876 (England and Wales)
Registered charity number
1119544 (England and Wales)
Auditor
Buzzacott LLP
130 Wood Street
London
EC2V 6DL
Bankers
HSBC UK Bank plc
1-3 Bishopsgate
London
EC2N 3AQ
Solicitors
Bates Wells & Braithwaite London LLP
10 Queen Street Place
London
EC4R 1BE
The Global Fund for Children UK Trust 1

Report of the trustees 30 June 2024
The trustees are pleased to present their report together with the consolidated financial
statements for the year ending 30 June 2024.
The reference and administrative information set out on page 1 forms part of this report.,
The financial statements comply with the Chartties Act 2011, the Companies Act 2006, the
Memorandum and Articles of Association, and Accounting and Reporting by Charities-
Statement of Recommended Practice applicable to charities preparing their accounts in
accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS 102).
structure. governance and management
The organisation is a charitable company limited by guarantee, incorporated on 18
December 2006 and registered as a charity on 7 June 2007.
The company was established under a memorandum of association which established its
objectives and powers, and is govemed under its articles of association, with Global Fund
for Children (GFC) as the sole member. The CO-CEOS of GFC are members of the Board
of Trustees and attends the UK Trust Board meetings, which are held four times a year.
Established in the USA in 1994, GFC partners with community-based organisations around
the world to help children and youth reach their full potential and advance their rights. GFC'S
model combines flexible funding with capacity development services to help its partners
realise transformational, youth-driven change. GFC'S partners emerge from the funding
relationship as more sustainable and connected to the resources, people, and information
they need to reach their goals. After graduation from GFC'S financial partnership, the
partners remain vital peers and mentors in GFC'S growing global network.
The Global Fund for Children UK Trust was registered as an independent charity on 7 June
2007 to extend the vision and mission ofGFC in the UK and mainland Europe. The UK Trust
purchased the right to use the GFC brand for £1 and is required to adhere to the terms of
the License Agreement be￿een the two entities.
Appointment of trustees
The vision for the UK Trust Board is to assemble a group of individuals who combine
entrepreneurial energy and field expertise with more established institutional perspectives.
This mix is crucial to maintaining the organisation's innovative spirit while developing a
sustainable institution. The Board is working to become more representative of the national
and international communities and individuals the organisation seeks to serve. Board
members are desired who represent a balance of ethnic, cultural, national, socioeconomic,
gender, age, and geographic diversity. New trustees are nominated by existing Board
members andlor the Co-ceo's. Candidates, biographies or Cvs are circulated to all existing
Board members, and candidates are then interviewed by trustees and the chairman.
The Global Fund for Children UK Trust 2

Report of the trustees 30 June 2024
structure, governance and management (continued)
Appointment of trustees (continued)
Candidates are approved by a vote of the UK Trust Trustees and then a written resolution
is given by the US Board, signed by the Chair of the board of Directors. All new trustees
receive access to all key documents relating to the charity's work and to their duties as a
trustee and go through an onboarding orientation. Trustees are also encouraged to attend
appropriate training sessions that will facilitate the undertaking of their role
The Board of Trustees administers the charity. The CO-CEO, or a staff member working in
that capacity, is appointed by the trustees to manage the day-to4ay operations of the UK
Trust. The Board continues to review the risks of the charity on a periodic basis.
The trustees are also directors for the purpose of the Companies Act 2006.
Public benefrt
The trustees refer to the guidance contained in the Charity Commission's general guidance
on public benefit when reviewing the charity's aims and objectives and in planning future
activities.
Objectives and activities
GFC partners with local organisats'ons around the world to help children and youth reach
their full potential and advance their rights. Over the past two decades, GFC'S grant-making
and programme strategy has centred on directing flexible fijnding to nascent grassroots
organisations employing a unique range of interventions to uphold the rights of children.
Since 1997, GFC has invested $76 million in more than 1.100 community-based
organisations, strengthening thousands of communities and reaching more than 11 million
children and youth worldwide. GFC'S core objectives focus on three key activities.-
GFC finds: GFC identifies innovative organizations everywhere- typically in the early
stsges of their development - that are run by local leaders working with children and
youth around the world.
GFC funds: GFC funds its local partners, life-changing programmes for children and
youth, as well as their organisational development The grants are flexible to maximise
GFC'S impact and to meet needs that other funders are not willing to support.
Together, GFC and its partners strengthen: GFC advises, mentors, and guides its
partners, building mutual trust, accountability, and enduring relationships. The targeted
capacity development provided helps its partners grow stronger and more responsive
to challenges on the ground.
The Global Fund for Children UK Trust 3

Report of the trustees 30 June 2024
Objectives and activities (continued)
Ourpmgramme focus
GFC builds networks: GFC connects its partners to each other and to national and
regional netrrforks. GFC brings together brilliant minds to share knowledge, generate
learning, fuel advocacy, and build movements of social change.
When its partners graduate, GFC stands proud: GFC'S partners emerge more
sustainable and connected to the resources, people, and information they need to
reach their goals. After graduation from the financial partnership, GFC'S partners
remain vital peers and mentors in GFC'S growing global network.
GFC'S programme focus
GFC'S grant making and programme strategy emphasise five programmatic focus
areas:
Education - working to secure equal access to high-quality education for all children,
irrespective of any obstacles that may stand in their way.
Read about GFC artners in Ne
accessible for all.
al who are working to make education fun and
Gender Justice
GFC and our partners promote gender equity, advance girls,
education, inspire healthy masculinities, support the rights of LGBTQ+ youth, and
ensure that young people live free from gender-based violence and exploitation.
Read about the AdoleS￿nt Influen￿rS Movementfor Gender E uali
who are a group
of youth aged 13-25 who, with the support of GFC, are fighting to deconstruct gender
stereotypes in West Africa.
Youth Power-young people are achieving incredible things - creating change in the
present and shaping the future. We help young people become leaders and
changemakers, making sure they have the opportunities, skills, and confidence to
tackle the issues central to their lives and their communities.
Read about the involvement of adoleS￿ntS and
Senegal, co-created by GFC and Tostan.
outh in a wellbein
summit in
Safety and Well-Being - GFC and its partners are committed to ending violence and
exploitation of children, to helping young survivors rebuild their lives, and to protecting
the mental health and wellbeing of every child and young person.
Read about our
men and boys.
artner in Thailand who is fighting the trafficking and exploitation of
The Global Fund for Children UK Trust 4

Report of the trustees 30 June 2024
GFC'S programme focus (continued)
Climate Resilience-young people are mobilizing to address climate change. They are
building resilience in their communities, educating their families and communities,
advocating for policy changes, and stewarding the environment. We work with young
leaders and youth-led organizations finding real solutions for both people and the
planet.
GFC'S implementation approach emphasises building allian￿S and ne￿orkS across its
local partners to support collective action. including community-wide, locally driven policies
and legal protections to ensure that children and youth are provided for and protected, and
participate in the full realisation of their rights.
Impact and sustainability
In the last 30 years, GFC has transformed the lives of more than 11 million children
woridwide by supporting meaningful change where it stands to do the most good. in the
heart ofcommunities. In the same period, GFC has identified over 1,100 local organisations
in more than 80 countries and supported them with grants and technical assistance totalling
over $76 million.
On average, partners, budgets triple during their GFC partnership, enabling them to expand
the size and impact of their programmes and to reach greater numbers of children in more
and better ways GFC partners have been honoured with hundreds of national and
international awards in recognition of their work. including 11 World's Children's Prizes, 37
Ashoka Fellowships. eight CNN Heroes Awards, and 9 With and For Gir5s Awards.
Achievements and perfom)ance
2023124 saw the UK Trust celebrate GFC'S 301h year globally. We hosted a 30th anniversary
gala in London in April 2024, implemented new UK wide programmes, moved into a new
office and cemented the infrastructure needed to support the continued growth that the
organisation continues to experience. GFC also moved to a new leadership structure, with
Hayley Roffey (previous Global Managing Director) becoming CO-CEO with current CEO
and President, John Hecklinger in March 2024. They lead the organisation in a Co-
leadership structure, and both sit on the Executive Board.
In 2023124 GFC UK Trust welcomed the first full time Global Designated Safeguard lead to
GFC, as well as expanded the financial team in the UK, recognising the need for additional
capacity and UK financial expertise to match the increased needs of a bigger team. We also
welcomed a new Director of Learning and Evaluation to the UK Trust, as well as three new
members of programs staff. In 202312024, the UK Trust entered into a new significant
relationship with Peoples Postcode Lottery IPPLI who had been funding GFC'S work since
202012021 for specific, restricted projects.
The Global Fund for Children UK Trust 5

Report of the trustees 30 June 2024
Achievements and performance (continued)
Moving fopward, GFC will receive an annual, unrestricted grant of £800,000 of core funding
from PPL. This funding has been pledged for a minimum of three years and will be paid
quarterly, providing GFC with secure, long term core support which adds to the confidence
of the overall organisation in meeting its, overhead expenditure. This funding has also
provided resour￿ to add a full time Senior Manager role to the marketing and
communications team.
The UK Trust has eXperien￿d a decrease in income this year, but an increase in
expenditure which is the result of work completed in 2022123 as cited in last year's financial
report. Our team has also continued to work with our colleagues around the world to ensure
that GFC has globally grown income. As a result, GFC will report $15 million in revenue for
year ended 30 June 2024 in its consolidated statement of activities. In the UK, we are
reporting £9.5 million in revenue for 30 June 2024. We are also pleased to report an increase
in our reserves, from two months operating to three.
GFC'S grantmaking programmo
In 2023124, GFC awarded $7.6 million in grants. Almost all the grants were restricted to
specific funders and met a deliverable towards the funderfs support. Included in this amount
were 141 grants made directly from the UK Trust to GFC grantee partners, which totalled
£4.33m.The grants from the UKTrustto GFC grantee partners included many different kinds
of GFC grants. These grants included organisational development grants, which support
areas such as strategic planning, financial and management information systems,
monitoring and evaluation, and fundraising,. opportunity grants, which support partners to
attend conferences or trainings or develop their organisational visibility and capacity.,
emergency grants, which help partners in emergency situations such as post-disaster relief.,
and convening grants, which allow partners to organise their own workshops for sharing
knowledge with other GFC partners and organisations in their nelworks.
Safeguarding children and youth
This year GFC onboarded a full-time Global Designated Safeguarding Lead IGDSL). They
have conducted a full review of our current policies, procedures and practices and rewritten
the Safeguarding Policy. This will be approved by the Board in Q1 next year. The new policy
focuses on children, adults and staff and explores the importance of contextually relevant
safeguarding to ensure our approach is able to be delivered worldwide while ensuring we
meet our statutory requirements. In addition, the new GDSL has increased safeguarding
support across the GFC team and to our partners to ensure we are able to respond to
incidents quickly and appropriately. As well as inicident support, support for partners also
includes capacity development and knowledge exchanges.
The Global Fund for Children UK Trust 6

Report of the trustees 30 June 2024
Financial review
Total
funds
2024
Total
funds
2023
Unrestricted
funds
Restricted
funds
Un￿striCted Restricted
funds
funds
Results for the year
Income from:
Donations and legacies
Other income
Interest receivable
1.226.777
30.503
1,069
1.258,349
8.135,013 9.361.790
84.403
114,906
1.069
.219,416 9,477.765
366,596 14,878.901 15,245,497
42.155
42.155
2,108
2,108
368,704 14,921,056 15.289,760
Total income
Expenditure on-
Raising funds
Charitable activities
Grants awarded and Project costs
Support costs
Total expenditure
354.209
354.209
136,588
136,588
332,734
405.878
1.092.821
5,435,399 5,768,133
121.388
527.266
5.556.787 6.649.608
144,037 2,227,859 2,371.896
31.748
385,112
396.860
312,373 2.592,971
2,905,344
Net income
165.528
2.662,629 2,828,157
56,331 12,328,085 12,384,416
Results for the year
Fiscal year 2023124 kicked off to a great start due to the locking in of £4.38 million over three
years grant towards the new Young Gamechangers Fund initiative to make grants directly
to individual young people throughout the UK and securing a three year funding from OAK
Foundation worth £3.55 million. Securing these grants is testament of the growth in the
UK Trust operations in Europe and the fundraising team have set sights for further growth
in fiscal year 2024125. Total Expenditure for the fiscal year 2023124 went up due to prior
secured pledges being received and grants expenses being made.
Reserves policy and financial position
The UK Trust has decided that it would be prudent to hold as a minimum, an equivalent of
o months, expenditure for staff and overhead costs in reserve, which amounts to
approximately £85.000 for the new financial year ending 30 June 2025.
At 30 June 2024, the total fvnds of the chartty, which are equivalent to its free reserves,
amounted to £627.927 (2023 - £462.399}. Free reserves at yearend therefore satisfy the
above reserves policy. Any available balance above this limit is part of our regular operating
cash, which is available to meet the ongoing needs of the organisation. The Board of
Trustees receives and reviews a revenue and expense dashboard, with an update on
cashflow and reserves, on a regular basis and create a plan to reduce costs if reserves are
forecast to dip below an agreed-upon threshold six months in the future. GFC will continue
to provide cash flow assistsnce to the UK Trust if needed for the upcoming year.
Investment policy
At present. the policy for the UK Trust is to invest only in cash deposits.
The Global Fund for Children UK Trust 7

Report of the trustees 30 June 2024
Fundraising
Throughout the last year GFC UK Trust has continued to work to a high standard with all its
fundraising activities, ensuring that we operate with full transparency and regularly
communicate our impact to our supporters, whether large or small. We provide regular
reporting to all our institutional and ft)undation donors and provide extensive opportunities
for our supporters to engage directly with our work. We have continued to adhere to the
Code of Fundraising Practice following our initial registration with the Fundraising Regulator
in 2023.
The UK Trust takes significant steps to ensure the data of all our supporters and network
members is secure. We never exchange data or private information with any other fundraising
entities, and we regularly provide supporters and donors with the opportunity to change their
communication preferen￿s, from the type through to the regularity of the updates that they
re￿1Ve.AS in previous years, the charity manages all of its fundraising activities in-house and
does not employ any external fundraisers. The charity undertakes to react to and investigate
any complaints regarding its fundraising activities and to learn from them and improve its
service.Throughout 2023124 the charity received no complaints about its fundraising activities.
The charity raises funds for the programs it implements both here in the UK and around the
world. In certain cases, the UK Trust makes grants to support the work of its Us-based
afriliate.
Throughout the last year. the charity has further expanded its fijndraising team, hiring a
Directorof Major Gifts to lead on all individual fundraising and to supportwith managing donor
relationships in the UK and throughout Europe. Earlier in the year, the UK Trust hosted a 30th
anniversary fundraising gala, that provide an opportunity for our staff and partners to share
highlights from their work supporting children and young people around the world.
Principal risks and uncertainties
The trustees and key management personnel carry out an annual Risk Management Review.
The trustees review these risks on an annual basis, at a minimum, to satisfy themselves that
adequate systems and procedures are in place to manage the risks identified, and to ensure
that appropriate mitigating actions are taken. Mhen completed, this review is documented in
the minutes of the relevant meeting of the trustees As the UK Trust relies on donations, the
principal risk is the impact of the economic climate for grant funding and donations.
An evaluation is made of potential and actual funding events to ensure that the UK Trust's
resources are used in the most effective manner and achieve value for money. Of course, like
many charities. the UK Trust is impacted by the continued global cost of living crisis and
woddwide financial instability and its effect on charitable giving, as well as multiple elections
in 2024 in the countries we are registered in (UK and USI. This poses a risk to the UK Trust,
but also an opportunity to play a leading role in facilitating funding flows to organisations
working directly with affected communities globally. The Board of Trustees receives and
reviews the revenue and expense dashboard on a regular basis. This dashboard provides an
update on cashflow and reserves along with a plan to reduce costs if reserves forecast dips
below an agreed-upon threshold of two months in the future. In this way, the UK Trust and
GFC can react quickly to changing conditions and any shocks to the revenue pipeline.
The Global Fund for Children UK Trust

Report of the trustees 30 June 2024
Plans for future periods
In 2023124, the UK Trust covered its own costs for the whole year and benefitted from
operational support from GFC. In 2024125. this will continue as the UK Trust continues to
grow and raises new revenues of income. The UK Trust continues to play a key role in raising
emergency funds for crises, as they happen around the world, and will continue to work with
new corporate partners and individuals in response to these emergencies to raise flexible
income which we can disburse efficiently and safely. In 2023124, GFC began the new £4.38
million, three-year partnership, with Co-op Foundation, #iwillFund, Restless Development
and GFC, to make grants directly to individual young people throughout the UK.
The Board of Trustees are aware a challenge remains, as the world continues to operate
within global economic instability, and it will work closely with the CO-CEO'S to ensure key
decisions are made at critical times. The UK team are embedded fully in the global
infrastructure and are supporting organisation wide objectives, in line with our five-year
strategic vision.
The Board of Trustees will continue to develop, plan, and launch new initiatives to expand the
UK Trust's donor base.The calendar year 2024 is Global Fund for Children's 30th year and
events will continue throughout Q1 and Q2 of FY25. The organisation has a range of projects,
events and campaigns planned throughout the year to acknowledge this. GFC plan to
lebrate progress and impact, but even more importantly to shine a light on the significant
and urgent steps that need to be made around the world to make a fairer, safer and healthier
future for children and young people.
The Board of Trustees looks foNard to collaborating with the GFC stsff to continue a series
of matching campaigns and salon dinner style events to maximise the new contacts made
following the 30th gala, to ensure that sufficient unrestricted funds flow into the UK Trust after
witnessing their success in the last financial year.
The theme ofthe 30th Anniversary Gala.. One Worfd, One Childhoodwas evident throughout
the evening as we shared our work past and present, and our future calls for action with a
specially invited group oftrustees, funders. and supporters. old and new, all emceed by GFC'S
global ambassador and Emmy award winner, Zuri Hall. The gala raised $1 million in
unrestricted income for GFC globally.
Key management remuneration policies
Key management of the charity is regarded as its trustees and the CO-CEO and the Deputy
Director. The CO-CEO remuneration is set by GFC, with consideration from the UK Board of
Trustees, and is reviewed annually. A number of criteria are used in setting pay.. the nature of
the role and its responsibilities. competitor salaries in the global sector, and the sector
average salary for comparable positions. End-of-year performance evaluations, where goals
and targets are set, are reviewed by the trustees.
The Global Fund for Children UK Trust 9

Report of the trustees 30 June 2024
Going concem
The trustees assess whether the use of going concern is appropriate, i.e., whether there are
any material uncertainties related to events or conditions that may cast significant doubt on
the ability of the charity to continue as a going concem. The trustees make this assessment
for a period of one year from the date of approval of the financial statements. After reviewing
the UK Trust's forecasts and projections, the trustees have a reasonable expectation that the
charity has adequate resources to continue its operational existence for the foreseeable
future. The key factors for this expectation are as follows-
The UK Trust Board is confident that the senior management team in the US and the
CO-CEO in the UK are well pla￿d as GFC enters a new phase of discovery and
innovation.
The UK Board is fully committed and is looking forward to another successful year of
bringing in new resources, expanding our reach, raising awareness and funding the
forefront of social change.
The UK Team, with the supportfrom the US office, will continue to establish partnerships
with UK and European based institutions with a focus on both domestic and international
based programming.
The fully integrated US and UK Team will continue to find opportunities to introduce new
board members to partners and connecting them thoughtfully with GFC'S work.
The UK Trust will continue to support the growth of FSC and ensure its sustainability by
securing sustainable investment
GFC will continue to provide cash flow assistance to the UK Trust if needed for the
upcoming year.
Trustees, responsibilities statement
The trustees {who are also directors of The Global Fund for Children UK Trust for the
purposes of company law) are responsible for preparing the trustees, report and financial
statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year
which give a true and fair view of the state of affairs of the charitable company and of the
income and expenditure of the charitable company for that period.
In preparing these financial statements, the trustees are required to..
• select suitable accounting policies and then apply them consistently;
• observe the methods and principles in Accounting and Reporting by Charities.. Statement
of Recommended Practi￿ applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
The Global Fund for Children UK Trust 10

Report of the trustees 30 June 2024
Trustees, responsibilities statement (continued)
make judgements and estimates that are reasonable and prudent.,
state whether applicable United Kingdom Accounting Standards have been followed,
subject to any material departures disclosed and explained in the financial statements.,
and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable company and enable
them to ensure that the financial statements comply with the Companies Act 2006. They are
also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Each of the trustees confirms that:
so faras the trustee is aware, there is no relevant audit information of which the charitable
company's auditor is unaware. and
the trustee has taken all the steps that helshe ought to have taken as a trustee in order
to make himselflherself aware of any relevant audit information and to establish that the
charitable company's auditor is aware of that information.
This confirmation is given and should be interpreted in accordan￿ with the provisions of s418
of the Companies Act 2006.
The trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable company's website_ Legislation in the United Kingdom
governing the preparation and dissemination of financial statements may differ from
legislation in other jurisdictions.
Approved by the trustees and signed on their behalf by:
Trustee..
Approved on"
LVKk LIL54Yr
IdLC
The Global Fund for Children UK Trust 11

Independent auditorfs report Year to 30 June 2024
Independent auditovs report to the members of The Global Fund for Children UK Trust
We have audited the financial statements of The Global Fund for Children UK Trust (the
'charitable company,) for the year ended 30 June 2024 which comprise the statement of
financial activities, the balan￿ sheet, statement of cash flows, the principal accounting
policies and the notes to the financial statements. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in
the UK and Republic of Ireland, (United Kingdom Generally AC￿pted Accounting Practice).
In our opinion, the financial statements..
+ give a true and fair view of the state of the charitable company's affairs as at 30 June
2024 and of its income and expenditure for the year then ended;
• have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice., and
• have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS
(UK)) and applicable law. Our responsibilities under those standards are further described in
the auditor's responsibilities for the audit of the financial statements section of our report. We
are independent of the charitable company in accordance with the ethical requirements that
are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going
con￿rn basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties
relating to events or conditions that, individually or collectively, may cast significant doubt on
the charitable company's ability to continue as a going concern for a period of at least ￿e1ve
months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
The Global Fund ft)r Children UK Trust 12

Independent auditorfs report Year to 30 June 2024
Other information
The other information comprises the information included in the annual report and financial
ststements. other than the financial statements and our auditorfs report thereon. The trustees
are responsible for the other inft)rmation contained within the annual report and financial
ststements. Our opinion on the financial statements does not cover the other information and,
except to the extent otherwise explicitly stated in our report, we do not express any form of
assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained
in the course of 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 this gives rise to a material misstatement in the financial statements themselves. If,
based on the work we have perfomed, we conclude that there is a material misstatement of
this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
• the information given in the trustees, report, which is also the directors, report for the
purposes of company law. for the financial year for which the financial statements are
prepared is consistent with the financial statements., and
• the trustees, report. which is also the directors, report for the purposes of company law,
has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light ofthe knowledge and understanding ofthe charitable company and its environment
obtained in the course of the audit, we have not identified material misstatements in the
trustees. report. We have nothing to report in respect of the following matters in relation to
which the Companies Act 2006 requires us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have
not been received from branches not visited by us., or
• the financial statements are not in agreement with the accounting records and returns; or
rtain 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 entitled to prepare the financial statements in accordance with the
small companies, regime and take advantage of the small companies, exemptions in
preparing the trustees, report and from the requirement to prepare a strategic report.
The Global Fund for Children UK Trust 13

Independent auditorfs report Year to 30 June 2024
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees (who are also
the directors of the charitable company for the purposes of company lawl are responsible for
the preparation ofthe financial statements and for being satisfied that they give a true and fair
view, and for such internal control as the trustees determine is necessary to enable the
preparation of financial statements that are free from material misstatement, whether due to
fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable
company's ability to continue as a going concern, disclosing, as applicable, matters related to
going concern and using the going concern basis of accounting unless the trustees either
intend to liquidate the charitable company or to cease operations, or have no realistic
altemative but to do so.
Auditorfs responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as
a whole are free from material misstatement, whether due to fraud or error, and to issue an
auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance,
but is not a guarantee that an auditconducted in accordance with ISAS {UKI will always detect
a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users tsken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We
design procedures in line with our responsibilities, outlined above, to detect material
misstatements in respect of irregularities, including fraud. The extent to which our procedures
are capable of detecting irregularities, including fraud is detailed below..
Our approach to identifying and assessing the risks of material misstatement in respect of
irregularities, including fraud and non-compliance with laws and regulations, was as follows..
• the engagement partner ensured that the engagement team collectively had the
appropriate competence, capabilities and skills to identify or recognise non-compliance
with applicable laws and regulations- and
• we obtained an understanding of the legal and regulatory frameworks that are applicable
to the charitable company and determined thatthe most significantframeworks which are
directly relevant to specific assertions in the financial statements are those that relate to
the reporting framework (Ststement of Recommended Practi￿.. Accounting and
Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
and the Charities Act 2011).
The Global Fund for Children UK Trust 14

Independent auditorfs report Year to 30 June 2024
Auditor's responsibilities for the audit of the financial statements (continued)
We assessed the susceptibility of the charitable company's financial ststements to material
misstatement, including obtaining an understanding of how fraud might occur, by..
making enquiries of management as to their knowledge ofactual, suspected and alleged
fraud.. and
considering the internal controls in place to mitigate risks of fraud and non-compliance
with laws and regulations.
To address the risk of fraud through management bias and override of controls, we..
perfomed analytical procedures to identify any unusual or unexpected relationships.,
tested journal entries to identify unusual transactions, and
assessed whether judgements and assumptions made in determining the accounting
estimates were indicative of potential bias.
In response to the risk of irregularities and non-compliance with laws and regulations, we
designed procedures which included, but were not limited to..
review of the minutes of meetings of those charged with governance., and
enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed
that laws and regulations are from financial transactions. the less likely it is that we would
become aware of non-complian￿. Auditing standards also limit the audit procedures required
to identify non-compliance with laws and regulations to enquiry of the trustees and other
management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise
from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's
website at www.frc.org.ukJauditorsresponsibilities. This description forms part of our auditols
report.
The Global Fund for Children UK Trust 15

Independent auditorfs report Year to 30 June 2024
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance
with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken
so that we might state to the charitable company's members those matters we are required
to state to them in an audito¢s report and for no other purpose. To the fullest extent permitted
by law, we do not accept or assume responsibility to anyone other than the charitable
ompany and the charitable company's members as a body, for our audit work, for this report,
or for the opinions we have formed.
Shachi Blakemore (Senior Ststutory Auditor)
For and on behalf of Buzzacott LLP. Statutory Auditor
130 Wood Street
London
EC2V 6DL
Date.. 24 January 2025
The Global Fund for Children UK Trust 16

statement of financial activities Year to 30 June 2024
Total
funds
2024
Total
fund5
2023
Unrestricted Restricted
funds
funds
Unrestricted Restricted
funds
funds
Notes
Income from:
Donations and legacies
Other income
Interest receivable
Totsl income
1.226.777
30.503
1,069
1,258.349
8,135.013 9,361.790
84,403
114,906
1,069
.219.416 9.477,765
366,596 14,878,901 15,245,497
42,155
42.155
2,108
2,108
368,704 14,921,056 15,289.760
Expenditure on:
Raising funds
Charitable a¢iivities
. Grants awarded and Project costs
Support costs
Total expenditure
354.209
354,209
136,588
136.588
332.734
405.878
1.092.821
5,435.399 5.768,133
121.388
527,266
5,556,787 6,649,608
144,037 2,227,859
31,748
365,112
312,373 2.592,971
2,371,896
396.860
2,905.344
Net incom8
165.528
2.662.629 2.828,157
56,331 12,328,085 12,384.416
Transfers between funds
Net movements in funds
16S,528
2.662,629 2.828,157
56,331 12,328,085 12,384,416
Reconciliation of funds=
Fund balan￿$ brought fofward al
1Juty
462,399
12.915,171 13,377,570
406,068
587,086
993,154
Fund balances carried forward at
30 June
627,927
15.577.800 16,205,727
462.399 12.915.171 13,377,570
All of the charity's activities derived from continuing operations during the above two financial years.
All recognised gains and losses are included in the statement of financial activities.
The Global Fund for Children UK Trust 17

Balance Sheet as at 30 June 2024
2024
2024
2023
2023
Notes
Current assets
Debtors
Cash at bank and in hand
9 9,712,000
6.920,464
16.632.464
9,237,885
4,327.236
13.565,121
Liabilities:
Creditors= amounts falling due
within one year
Net current assets
10 (426.737)
16.205.727
{187,551)
13,377,570
Total net assets
16.205.727
13,377.570
The funds of the charity:
Unrestricted funds
General funds
627.927
462,399
627,927
15.577,800
16,205,727
462.399
12.915,171
13,377,570
Restricted funds
The notes on pages 24 to 31 form part of these financial statements.
Approved by the trustees and signed on their behalf by..
Trustee..
Ak"
J•L4•hJ
Approved on..
Company Registration Number. 06031876 {England and Wales)
Charity Registration Number: 1119544 (England and Wales)
The Global Fund for Children UK Trust 18

statement of cash flows Year to 30 June 2024
2024
2023
Notes
Cash flows from operating activitie5:
Nel cash provided by operating adivities
A 2.592,159
3,476.313
Cash ftows from investing activities:
Interest received
Net cash provided by investing activities
1.069
1,069
2,108
2,108
Change in cash and cash equivalents in the year
2,593,228
3,478,421
Cash and cash equivalents at 1 July
B 4,327,236
848.815
Cash and cash equivalents at 30 June
B 6,920,464
4,327,236
Notes to the statement of cash flows for the year to 30 June
A Reconciliation of net movement in funds to net cash provided by operating activities
2024
2023
Net movement in funds (as perthe statement of financial a¢tivitiesl 2.828.157 12.384,416
AdjustTnents for:
Interest re￿1vable
(Increase) in debtors
Increase in creditors
Net cash provided by operating activities
11,069)
{2,108)
(474,1151 19,030,057)
239186
124,062
2,592,159
3,476,313
B Analysis of changes in net debt
2023 Cash flows
2024
Cash al bank and in hand
Total cash and cash equivalents
4,327.236
4,327,236
2.593.228
2,593,228
6,920,464
6.920,464
The Global Fund for Children UK Trust 19

Principal accounting policies Year to 30 June 2024
Basis of preparation
The principal accounting policies adopted, judgements and key SoUr￿S of estimation
uncertainty in the preparation of the financial statements are laid out below.
These financial statements have been prepared for the year to 30 June 2024, with
comparative information provided in respect of the year to 30 June 2023.
The financial statements have been p￿pared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant accounting
policies below or the notes to these financial statements.
The financial statements have been prepared in accordance with Accounting and Reporting
by Charities= Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland {Chanties SORP FRS 102), the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act
2006.
The chartty constitutes a public benefit entity as defined by FRS 102.
The financial statements are presented in sterling and are rounded to the nearest pound.
Critical accounting estimates and areas of judgement
Preparation of the financial statements requires the trustees and management to make
significant judgements and estimates.
The items in the financial statements where these judgements and estimates have been
made include:
• the allocation of staff costs be￿een support costs, expenditure on raising funds and
expenditure on charitable activities.
estimates made in relation to fijture income and expenditure flows for the purpose of
assessing going concem in the light of the ongoing Coronavirus pandemic.
Assessment of going concern
The trustees assess whether the use of going concern is appropriate" i.e., whether there are
any material uncertainties related to events or conditions that may cast significant doubt on
the ability of the charity to continue as a going concern. The trustees make this assessment
for a period of one year from the date ofapproval ofthe financial statements After reviewing
the UK Trust's forecasts and projections, the trustees have a reasonable expectation that
the charity has adequate resources to continue its operational existence for the foreseeable
future. The key factors for this expectation are as follows..
The Board is confident that the senior management team in the US and the CO-CEO
in the UK are well placed to lead GFC.
The Global Fund for Children UK Trust 20

Principal accounting policies Year to 30 June 2024
Assessment of going concern (continued)
The Board is fully committed and is looking ft)rward to another successful year of
bringing in new resources, expanding our reach, raising awareness and funding the
forefront of social change We are looking fotward to welcoming new trustees in FY25,
and continue to enjoy full and engaged support from the UK Trustees.
The UK Trust with the support from the US office will continue to establish partnerships
with UK and European based institutions with a focus on both domestic and
international based programming.
The fully integrated US and UK Team will continue to find opportunities to introduce
new board members to partners and connecting them thoughtfully with the GFC'S work,
with a donor trip tentatively scheduled for FY25.
GFC will start hosting regular in-person salon style dinners and events to expand its
donor base, beginning with a dinner in LA in September 2024.
The Trust will further its funding relationships with institutions such as PPL.
Funders Safeguarding Collaborative (FSCI will continue to build on its membership
ne￿Ork and provide technical support and training on matters related to safeguarding.
• GFC will conts'nue to provide cashflow assistan￿ to the UK Trust if needed for the
upcoming year.
The trustees have therefore concluded that there are no material uncertainties related to
events or conditions that may cast significant doubt on the ability of the charity to continue
as a going concern, and that the use of the going con￿r￿ basis of preparation for these
financial statements is appropnate.
Income recognition
Income is recognised in the period in which the charity has entitlement to the income, the
amount of income rAn be measured reliably and it is probable that the income will be
received. Income comprises donations, grants from trusts, and interest receivable.
Donations are recognised when the charity has confirmation of both the amount and
settlement date. In the event of donations pledged but not received, the amount is accrued
for where the re￿Ipt is considered probable In the event that a donation is subject to
conditions that require a level of performance before the charity is entitled to the funds, the
income is deferred and not recognised until either those conditions are fully met, or the
fulfilment of those conditions is wholly within the control of the charity and it is probable that
those conditions will be fulfilled in the reporting period. I￿ere donors specify that donations
and grants must be used in future accounting periods, the income is deferred.
The Global Fund for Children UK Trust 21

Principal accounting policies Year to 30 June 2024
Income recognition (continued)
Grants from trusts are credited to income when the charity has both confirmation of the
amount and entitlement to the income. In the event of grants confirmed but not received,
the amount is accrued for where the receipt is considered probable.
Interest is included when it is recetvable and the amount can be measured reliably by the
charity. This is usually on notification of the interest receivable from the bank.
Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive
obligation committing the charity to make a payment to a third party, it is probable that a
transfer of economic benefits will be required in setuement and the amount of the obligation
can be measured reliably.
All expenditure is accounted for on an accruals basis. Expenditure comprises direct costs
and support costs (including governan￿ costs). All expenses, including support costs, are
allocated or apportioned to the applicable expenditure headings. The classification be￿een
activities is as follows..
+ Expenditure on raising funds includes all expenditure associated with fundraising,
including applicable staff costs.
+ Expenditure on charitable activities includes all costs associated with furthering the
charitable purposes of the charity by supporting children across the globe. Such costs
include charitable grants, direct costs and support costs including governance costs.
• Grants and donations are included in the statement offinancial activities when approved
for payment. Provision is made for grants and donations approved but unpaid at the
period end.
All expenditure is stated inclusive of irrecoverable VAT.
Allocation of support and governance costs
Support costs represent indirect charitsble expenditure. In order to carry out the primary
purposes of the charity it is ne￿SSary to provide support in the form of personnel, financial
procedures, provision of office services and equipment and a suitable working environment.
Staff costs are allocated between raising funds and charitable activities on the basis of time
spent on these activities by staff.
Governan￿ costs comprise the costs involving the public accountability of the charity
(including audit costs) and costs in respect to its compliance with regulation and good
practice.
Debtors
Debtors are recognised attheir settlement amount, less any provision for non-recoverability.
Prepayments are valued at the amount prepaid. They have been discounted to the present
value of the future cash receipt where such discounting is material.
The Global Fund for Children UK Trust 22

Principal accounting policies Year to 30 June 2024
Cash at bank and in hand
Cash at bank and in hand represents such accounts and instruments that are available on
demand or have a maturity of less than thr* months from the date of acquisition.
Creditors and provisions
Creditors and provisions are recognised when there is an obligation at the balance sheet
date as a result of a past event, it is probable that a transfer of economic benefit will be
required in settlement. and the amount of the settlement can be estimated reliably. Creditors
and provisions are recognised at the amount the charity anticipates it will pay to settle the
debt. They have been discounted to the present value of the future cash payment where
such discounting is material.
Fund structure
Funds held by the charity are either.
Unrestricted general funds- these are funds which can be used in accordance with the
charitable objects at the discretion of the trustees.
Restricted funds
these are funds that can only be used for particular restricted
purposes within the objects ofthe charity. Restrictions arise when specified by the donor
or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to these
financial statements.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of
exchange ruling at the balance sheet date. Transactions in foreign currencies are translated
into sterling at the rate of exchange ruling at the date of the transaction. Exchange
differences are taken into account in arriving at the net movement in funds.
Pension contributions
Contributions in respect of the charity's defined contribution pension scheme are charged
to the statement of financial activities when they are payable to the scheme. The charity's
contributions are restricted to the contributions disclosed in the notes to the financial
statements. There were no outstanding contributions at the year end. The charity has no
liability beyond making its contributions and paying across the deductions for the employees,
contributions.
Operating leases
Rentals applicable to operating leases where substantially all the benefits and risks of
ownership remain with the lessor are charged to the statement of financial activities on a
straight line basis over the lease term.
The Global Fund for Children UK Trust 23

Notes to the financial statements Year to 30 June 2024
1 Income from: Donations, grants and legacies
Un-
restri¢ted Restri¢ted
Un-
restricted
2024
Reslricled
2023
General donations
Gifts-ln-li'nd donations
Gift Aid
Grants recewed
Gala donations
75.931
21,519
6.975
680.832
441.520
1.226,777
21.$00
97,431
21,519
6.975
,794.345
441.520
9,361,790
135.253
71,738
206,991
22,381
3,502
25,883
5,753
6,555
12,308
203.209 14.797,106 15.000,315
.113.513
Total funds
.135,013
366,596 14,878,901 15,245,497
2 Expenditure on.. Raising funds
Unrestricted funds
2024
2023
Staff costs (note 6)
Fundraising Events
184,200
170,009
354,209
136,588
136,588
3 Expenditure on:
Charitable activities - grants awarded and project costs
Un-
restrlcted Restrlcted
Un-
restricted
2024
Restricted
2023
Grants awarded
Staff costs Inole 61
Other Project Related
Costs
Project related costs lo
GFC US (note 131
Total funds
4.334,276
808,446
4.334,276
861.946
5,957
138,080
1.951.416
197,679
1,957,373
335,759
53,500
100.851
142.103
242.954
49,407
49,407
178,383
332,734
150,574
5.435,399
328,957
5,768,133
29,357
29,357
2.227,859 2,371.896
144,037
Charitable activities - grants awarded by category
Total funds
2024
2023
Primary grants
Emergency grants
Institutional Partnership grants
Opportunity grants
Phoenix Fund grants
590.133
5.400
308,473
8.957
3,421.313
4,334.276
271,861
99,957
48,375
1.537,180
1,957.373
Grants were awarded to institutions £4,294,276 and individuals £40,000.
The Global Fund for Children UK Trust 24

Notes to the financial statements Year to 30 June 2024
3 Expenditure on: (continued)
Charitable activities - grants awarded
Restricted funds
2024
2023
Action pour le Developpement et la Protection de la Famille
BEAP Community Partner
Black South Wesl Network
Fight for Right
Generation Femme du 3eme Millenaire
Impacl Hub Bradford CIC
Kanlungan Filipino Consortium
Lancashire BME Nelwork
SILOE
South Asian Health Action
Tasif Khan Community Boxing Academy
The Angelou Cenlre
The Ubele Inilialive
Wesl Bowling Youth Initiative
Grants under £20.000
Restless Development
Bury Defen￿ Academy
Eglise Armee des Vainqueurs
The Urban Equestrian Academy
Free Your Mind
Blossorn
Anima Youth
African Youth Arise
Believe Achieve
Grants below £50,000
20.000
22,500
200,000
40,000
22,000
200,000
200,000
200,000
22,000
200,000
39,400
200,000
337,180
39,400
214,893
444.484
308,473
65,000
50,000
50,000
50.000
50.000
70,000
so,000
70,000
3,126,319
4.334.276
1,957.373
4 Support costs
Total funds
2024
2023
Staff costs (note 61
Other staff cos15
Staff training and development
Bank charges
Insurance
Postage and prTnling
Telecommunications and media
Professional and legal fees
conferen￿ and membership
Office expenses
Travel and subsisten
Technology costs
Office rent
Govemance c051s
112,014
2,587
26,727
1,849
7,838
253
2,657
26,655
3,792
16,128
128,238
16,996
153,603
27,929
527,266
116.571
2,713
12,831
2.000
2,673
149
1,970
68,223
8,799
1,745
67,113
3,900
79,273
28,900
396,880
The Global Fund for Children UK Trust 25

Notes to the financial statements Year to 30 June 2024
4 Support costs (continued)
Of the above expenditure, £121.388 of support costs related to the restricted fund12023 -
£91,991 of staff costs and £273,121 of support costs related to the restricted fund).
5 Net income lexpenditure)
This is stated after charging..
2024
2023
Audilorfs remuneration
Audit seNices
. Other services
21,000
6,929
16,800
20.029
6 Staff costs
2024
2023
Salaries and wages
Social security costs
Pension contributions
976.224
106,572
75.364
1,158,160
481,718
52,960
54,240
588,918
2024
2023
Summary of slaff costs..
Raising funds
Project costs
Support Costs
184,200
861.946
112,014
1.158.160
136,588
335,759
116,571
588.918
2024
2023
£60,000 - £69,999
£70,000 - £79,999
£80,CQO- 89.000
£90,000 - £99,999
£120,000- £129,999
£150,000- £159,999
Contributions of £35,035 (2023 - £30,796) were paid for the provision of money purchase
pension benefits in respect of these employees.
Termination payments of £23.917 were made dunng the year. There were no amounts
outstanding at 30 June 2024.
The average number of employees during the year was..
2024
2023
Full time
15.9
Part time
Full lime
Part time
Average number
The Global Fund for Children UK Trust 26

Notes to the financial ststements Year to 30 June 2024
6 Staff costs (continued)
No trustee, or any person connected to them, re￿iVed any reimbursement of expenses
during the year {2023- none)
7 Key management personnel
The key management personnel of the charity in charge of directing and controlling, running
and operating the charity on a day-to4ay basis comprise the trustees, CO-CEO and
Senior Directors. The total remuneration amounted to £424,595 during the year12023
£206,181)
8 Taxation
The Global Fund for Children UK Trust is a registered charity and therefore is not liable for
income tax or corporation tax on income derived from its charitable activities, as it falls within
the various exemptions available to registered charities.
9 Debtors
2024
2023
Grants receivable
Amounts owed from related parties
Prepayments and other debtors
9.634,097
9,061,960
89,420
86,505
9,237,885
77.903
9,712,000
10 Creditors: Amounts falling due within one year
2024
2023
Amounts owng to related parties
Expense creditors and accruals
Grants payable
Taxes and social security
143.818
82.485
165.533
34.901
426.737
63,164
101,154
23,233
187,551
11 Restricted funds
At 1 July
2023
At 30 June
2024
Income
Expendrture
Transfers
National Lottery Communtty Fund
Boys and Young Men Inrtialive
Spark Fund
Funder5 Safeguarding
Consortium
Emergenry Response Fund
485.363
6.941
(136.5971
116.5441
348,766
28,441
38.044
314.953
8.233
34.658
11,761,688
300.000
172,172
17.003
{293.4401
125.2361
134,6581
13.871.173)
{1.140.3521
193,685
Phoenix Fund
Young Gamechangers Fund
OAK Foun¢Jalion
Other Restricted Fund5
321.745
4.080.000
3.555.000
35,452
8,219.416
8,212,260
3,239,648
3,555,000
3.335
12.915.171
138.787)
15.556.787)
15,577,800
The Global Fund for Children UK Trust 27

Notes to the financial statements Year to 30 June 2024
11 Restricted funds (continued}
At 1 July
2022
Al 30June
2023
Income
Expenditu
Transfers
PEAK Initialwe
People's Postcode Lottery
National Lottery Communty Fund
8oys and Young Men InitiatNe
Swedish Postcode Lottery
Spath Fund
Funders Safeguartling
Consortium
Emergency Respjnse Fund
IWII
Phoenix Fund
Young Gamechangets Fund
Other RestriGted Funds
35,568
(32,233)
(198. 733)
3,335
198.733
499,910
(14.547J
(20,386)
(41,997)
485,363
20,386
48,938
6,947
329.448
38,519
119, 102
85,668
202,888
13.617.449
300.000
11.533
14,921,056
(133,597)
(115.954)
(168.230)
(1,855,761)
314,953
8,233
34.658
11,761.688
300,000
f11,533)
f2.592.971)
587,086
12,915,171
Boys and Young Men Initiative: Exploring Masculinities in England (The National
Lottery Community Fund and People's Postcode Lottery)
The Boys and Young Men (BYM) Initiative was originally launched by GFC in 2020,
supported by The National Lottery Community Fund, to pilot a new and innovative ne￿ork
of community-based organisations across England focused on working with young people
around positive, healthy and expansive masculinities. During the 18-month pilot, the
partners supported over 8.000 boys and young men in England. Based on learning from the
pilot, phase of the Initiative launched in January 2023 with three years of support from
The National Lottery Community Fund. This phase is focused on exploring work around
masculinities and trauma. intersections and youth voice and partners have advanced
innovative youth-led peer support for young men around online misogyny and extremism,
addressing community tensions and anger, conducted research on young Black men's
experiences of masculinities. The BYM Initiative continues to seek to bring new funder
partnerships around this work, reflecting that there is a gender equity funding for work with
boys and young men in the UK. In the past year, GFC provided flexible emergency grants
to partners and has identified additional funding from the People's Postcode Lottery to
resource two years of flexible annual grants to BYM community partners.
The Global Fund for Children UK Trust 28

Notes to the financial statements Year to 30 June 2024
11 Restricted funds (continued)
The Phoenix Way (The Youth Endowment Fund, Fondation CHANEL, Lloyd's Bank
Foundation for England and Wales)
The Phoenix Fund was established in 2020 with the SUPFX)rt of The National Lottery
Community Fund and GFC and gave over £2 million in grants to Black and racially
minoritised community groups across England in 2020121 during the COVID-19 crisis. In
2022123, the Phoenix Fund was relaunched as the Phoenix Way. The Phoenix Way, led by
community leaders across England and supported by GFC, is a grantmaking initiative aimed
at transfomiing Black and racially minoritised communities in the UK. It was established in
partnership with six Regional Leads and with the support of several UK funders, including
The Youth Endowment Fund, Fondation CHANEL and the Lloyds Bank Foundation for
England & Wales to build on the Suc￿sS of the 2020 emergency fund. GFC is acting as
grant administrator for the Phoenix Way unts'l 2026 in order to support the long-term growth,
sustainability and independence of the Phoenix Way Since the launch of The Phoenix Way
in 2022, GFC has administered over £3 million in grants to Black and racially minoritised
groups and organisations across England and Wales through the Phoenix Way's innovative
community-led participatory grantmaking approach, as well as supporting the development
of regional and national infrastructure organisations implementing the Phoenix Way locally
through the provision of larger infrastructure grants
Investing in Youth Social Action (#iwill Fund and GFC)
In a match funding partnership with the #iwill Fund, GFC'S 'lnvesting in youth social action
for boys, programme supports four community-based organisations in Bradford, West
Yorkshire with £150.000 in grants over an 18 month period. This tsrgeted, place-based
initiative seeks to better understand and address the barriers to boys aged 10-14 in
engaging with youth social action. Our partner organisations are actively working with boys
aged 10-14 on a diverse range of social action. including packing and delivering food
parcels, volunteering at community events and developing a community shop, throughout
Bradford District. GFC is providing capacity development to partners in collaboration with
local infrastructure partner, Impact Hub Bradford.
The #iwill Fund is made possible thanks to a £66 million joint investment from The National
Lottery Community Fund and the Department for Culture, Media and Sport IDCMSI to
support young people to access high quality social action opportunities.
Young Gamechangers Fund (C04)p Foundation, the Co-op. #iwill Fund)
In partnership with Restless Development. GFC is delivering the participatory Young
Gamechangers Fund. Built on the shared understanding that for too long, young people
have been left out of the decisions that affect them the most, the £4.5m Young
Gamechangers Fund, funded by the Co-op, the Co-op Foundation and the #iwill Fund will
tackle this head on with grants of up to £20,000 a year for young people transforming
communities into safer, more sustainable and more inclusive places to live. GFC, in
partnership with our Young Gamechangers Fund partners and our youth-led steering group,
have set up a new co4esigned participatory fvnd that invests in youth-led organisations,
groups and individual children and young people leading change in their communities. In
the first year, GFC has administered grants totalling over £600,000 to 34 partners across
the whole of the UK, making grants in both Scotland and Northem Ireland for the first time.
The Global Fund for Children UK Trust 29

Notes to the financial statements Year to 30 June 2024
11 Restricted funds (continued)
Survivor-led Activism Fund (Oak Foundation)
The Survivor-led Activism Fund is a new survivor-led, advocacy-focused fund aimed at
preventing child sexual abuse in Europe. With funding from the Oak Foundation, GFC will
set up and deliver an innovative, participatory fund that will be shaped by a survivor-led
steering group and will be designed and delivered in accordance with participatory
grantmaking and gOvefflan￿ structures. Wth an initial focus on mapping and participatory
design, the new fund will be launched in 2025 and will seek to fund and provide trauma-
informed capacity development support to survivor-led advocacy efforts within Europe.
Funder Safeguarding Collaborative
GFC helped launch the Funder Safeguarding Collaborative (FSC) back in 2021. FSC is now
a vibrant community of over 90 Foundations who together wield an annual grant-making
budget ofover $8 Billion. In 2024, FSC launched a four-year strategy. aimed at transforming
the role of funders in safeguarding, driving action to create safer organizational practices
and cultures. As the only philanthropic support organisation dedicated to safeguarding, FSC
closes a gap by offering high quality, specialist support that is tailored to the needs of grant-
makers. All the knowledge and income generated by FSC'S work is reinvested in the
neI￿Ork, helping transform grant-making for the better.
FSC'S strategy builds on its theory of change and its three inteNoven strategic objectives
which together maximise the potential and power of funders, to make organisations safer.
First, generating new knowledge and strengthening the evidence base on safeguarding,
allows FSC to confidently champion safeguarding among the wider philanthropic
community. FSC builds awareness, understanding, and influences grant-making
organisations to prioritise keeping people safe.
Awareness must be matched by action, and FSC accompanies its member5 on a journey to
implement changes that build a culture of safeguarding, in their own organisations and the
organisations they fund. Ultimately, FSC'S work supports fijnded partners to keep people
and communities safe by building a philanthropic ecosystem that prioritises safeguarding
and recognises its importance in ensuring higher impact.
Alongside its new strategy, FSC reviewed its business model and revised its membership
fees. The objective of this revised business model is to diversify FSC'S income, decrease
dependency on grant-funding from 80°/o of the Collaborative's costs, down to 500/0 and work
towards fully unrestricted income. The change in membership fees is projected to bring the
Collaborative a 100°/0 increase in membership income. FSC is fully funded in FY25 and has
secured three multi-year unrestricted grants during 2024.
The Global Fund for Children UK Trust 30

Notes to the financial statements Year to 30 June 2024
12 Operating leases
As at 30 June 2024. the charity was committed to total future minimum lease payments
under non-cancellable operating leases as follows-.
Office premises
2024
2023
Within one year
32,400
30,000
13 Related party transactions
The charity received cash donations from various related parties during the year. These are
summarised below:
Related Party
Donations income
2024
2023
Trustees
Other related parties exciuding trustees=
. Goldman Sachs & Company
. PJT Partners
Total
161.706
16,100
149,750
3.183
314.639
25,000
3,335
44.435
The donations above were without specific temis and conditions and unrestricted in nature.
Goldman Sachs & Company is a related party by virtue of the fact that a number of the
trustees are members of its management committee.
PJT Partners is a related paty by virtue of the fact that one of the trustees is a Partner at
this organisation.
The trustees did not receive any emoluments or any reimbursement of expenses during the
year {2023- none).
Additionally, the following transactions took place during year..
Related Party
Expenditure payable
2024
2023
Income receivable
2024
2023
Global Fund for Children US
341.664
29.357
197,845
370,125
The Global Fund for Children US is the charity's US parent entity. Mark Wilson, Hayley
Roffey and John Hecklinger are also trustees of GFC.
At the year end, an amount of £143,819 was owed to The Global Fund for Children US for
grants and operating expenses to The Global Fund for Children UK Trust {2023 - £89,420
owed fromThe Global Fund for Children US).
The Global Fund for Children UK Trust 31