THE CENTRE FOR GLOBAL EQUALITY LIMITED (A COMPANY LIMITED BY GUARANTEE) FINANCIAL STATEMENTS For the year ended 31 July 2024 Charity Number 1121067 Company Number 06080896 Registered Office: 74 Eden Street Cambridge, CB11EL
THE CENTRE FOR GLOBAL EQUALITY LIMITED Annual report and financial statements for the year ended 31 Juty 2024 Page Trustees. report Independent examiner's report Statement of financial activities Balance sheet Statement of cash flows Notes to the financial statements 10-16
THE CENTRE FOR GLOBAL EQUAUTY UMITED TRUSTEES. REPORT For the year ended 31 July 2024 The Charitable Company: Directors. Structure. Govemance and Management The Centre for Global Equality was established as a company limited by guarantee on the 2rMJ of February 2007. It is govemed by its Memorandum and Articles of Association. and the liabilty of members is limtted by guarantee. It was registered as a charity on the 4th of October 2007. The Company was established to further the charitable objectives sel out below. The trustees of the board, who are the company directors. meet regularly to oversee the work of the Chief Executive Officer {CEOI, who is responsible for the day-ti>day work of the Cenlre. The CEO is also Ihe Company Secretary. The CEO is supported by eight other full-time staff. A variety of additional supporting roles are also futfilled by contractors, intem5 and volunteers from time to time. Recruitment, Appointrnent and Training of New Trustees The Centre for Global Equality recruits trustees with skills and contscts relevant to its development as a small Sustsinable Development organisation operating within the Charity Sector. Trustee appointments are made at the Annual General Meeting (AGM) or, if trustees are Copted by the Board during the year, such appoinlmenls are confirmed at the AGM. On their appointment, trustees are elected to serve for between one and three years and may be re-appointed at the end of their lerm. Trustees are limited lo Iwo tenns of office unless they serve as Chair, Vice-chair or Treasurer, in which case they may serve for a third term up to a maximum of nine years. Trustees receive briefings and relevant paperwork from the Centre for Global Equality CEO and, where relevant. from other staff and trustees. Trustee induction and training needs are met through formal and infomial processes. Management of Risk The trustees. as directors of the Centre for Global Equalty, are responsible for the charity'5 Systems of intemal controls and effectiveness. The board of truslees meets regularly to review major risks and, Whe appropriate, systems and procedures are established to manage the risks the charity faces. The major risk identified for the 2023-2024 is the organisation's reliance on one large programme. The need to diversify the organisation's funding base to redu this risk and enhan ongoing finanaal sustainability continues to be a priority- Reserves Policy The directors agreed that the company should aim to keep a level of reserves equal to three month5, average expenditure. which equales to £120,0. This level of reserves is in place at the end of the financial year, with free reserves at the end of the year being £157.045. Objectives and Activities To promote in any part of the world. the relief of human poverty or suffering in any manner which is, or may be deemed lo be, charilable. To promote and organise Troperation in the achievement of the above purposes belween voluntary organisalions, academia, students, the business community, the wider relief and development community and the general public and to educate the UK public so as to raise awareness of human povety or SLtffering. Activities Report During the 2023-24 year the Centre for Global Equalty (CGE) continued to deltver the organisation's theory of change and five-year slrategy. CGE'S overall vision is to evolve. demonstrate and share an effective approach lo inclusive research and innovation, and contribute to sustainable development through this approach. The intended lon*term impact achieved through implementing this approach is that research and innovation will make a more signtficant contribution to fulfilling Ihe goals of sustainable development than at present. The three main outcomes of CGE'S work are intended to be.. a model to structure a new approach lo research and innovation for the UN Sustainable Development Goals {SDGs}', an institulionalised global inclusive innovation ecosystem- and significant posrtive impact for en&user communities though example initiatives. To achieve these outcomes we have four objectives= (i) evolve and share an indusive innovation model,. lil) create a cross- sector, global community involved in indusive innovation,. {iii) devise and deliver programmes to create effective indusive innovation ecosystems,. (iv) deliver flagship examples of indusive innovations from idea to impact. The aim of the latter is bolh lo deliver value for end-user communities and to hone and prove the model. The stages of the indusive innovation cycle are ideation (both demand- and opportunity-led), ccpcreation, research. R&D and diffusion. The key elements required to create enabling environments for indusive innovalion are.. strengthening the capacities and capabilities of individuals, primarity future changemakers,. building ecosystems by establishing programmes and facilities needed to address gaps in particular plas- and establishing communities of practs'ce wilhin and belween ecosystems through partnershiFFbuilding. Delivery of CGE'S objectives is funded through donations or grants to deliver specific projects and programmes within three activity pillars outlined below= research, innovation and ecosystem-buikling. Some funds are awarded directly and exclusively to CGE to deliver particular programmes. For the most part, however, CGE works in collaboration with at least one other organisation, usually as a collaborating partner in a larger consortium programme in which CGE'S role is to
THE CENTRE FOR GLOBAL EQUAUTY UMITED TRUSTEES. REPORT For the year ended 31 July 2024 elements needed to enable effective indusive innovation ecosysterns. Inclusive Research ro rammes During the 2023-2024 year. CGE was funded to participate in collaborative research programmes the largest of which was Climate Compatible Growth (CCG), funded by the UK Foreign, Commonwealth and Development Office IFCDO). CCG provides research and global public goods to supporl low- and middle-income countries develop economic strategies, plans and policies lo attract investment for Iow-carbon growth and sustainable development. CGE'S role is to run Climate Compatible Growth networks in the programme's partner countries and enable productive collaborations between researchers in these networks and CCG consorlium inslitulions. During ihe 202>2024 year CGE continued our partnerships with universities in CCG partner countries to c(Fdeliver CCG country nehvorks. These were with Slrathmore University in Kenya, the National Universty of Laos in Lao PDR, Ihe University of Zambia in Zambia and the National Economics University in Vietnam. During the year CGE established new partnerships with the Centre for Climale Change and Disasler Management. Anna Universtty and the Brew-Hammond Energy Centre al the Kwame Nkrumah University of Science and Technology to run Climate Compatible Growth nelworks in India and Ghana repectively. CGE continued to contribute to the prograrnme's Operational Intelligence Framework and employed a new climate project offir to contribute to model curation and capacty building. Furthermore, CGE'S role in a CCG sister programme to support county-level energy planning in Kenya increased during the year. CGE appointed a new Climate Officer to contribute to this programme, which was funded by the FCDO through UK Partnering for Accelerated Climate Transtlions (UK PACT). Through Ihe year CGE also continued to contribute to an ongoing collaboration beeen researchers at the University of Cambridge and Bahir Dar University titled Affordable Perovskite Solar Irrigation Systems for Smalkholder Farmers in Ethiopia (APSISSFE). Inclusive Innovation ro rammes During the 2023-2024 year, CGE delivered or c(delIvered programmes in three stages of the inclusive innovation cycle.. ideation, international Cctrcreation and R&D. Convening and delivering ideation programmes to identrfy challenges and innovative solutions is the first stage in the inclusive innovation prosS. CGE supports both challenge-led and opportunty-led ideation. CGE works with its global civil society nelwork to identfy challenges faced by low-resoUr communities in developing countries and facilitates events and programmes for individuals and groups interested in collaborating to evolve innovative responses to challenges faced in such communities. Viable solutions are investigated further through research or evolved in CGE'S specialisl incubator for sustainable development. our Inclusive Innovation Cullivator. During the 2023-2024 year, CGE facilitated challenge-led ideation for University of Cambridge engineering students in a module titled 'Engineering for Ihe Bottom Billion., contribuled to ideation events led by Cambridge Enterprise and mentored on the Royal Academy of Engineering's Leaders in Innovation Fellowships (LIF Advan) 3 programme run by St John's Innovation Centre. CGE'S core opportunity-led ideation programme is Development FTeams, which is delivered in collaboration with Cambridge i-Teams based at the InstilLrte of ManUfauring (Ifm), University of Cambridge. Developmenl i-Teams investigates the potential of new science and emerging technologies to impact positively on the lives of under- resourced communities in low- and middle-income counlries. The eighteenlh and nineleenth Developmenl i-Teams programmes were run in October-November 2023 and May-June 2024. Projects were buitt on technologies from CGE Cultivator ventures and research from the Department of Engineering, the Department of Chemical Engineering and Biotechnology ICEBI, the Institute of Criminology and the Cambridge Centre for Study of Existential Risk at the University of Cambridge, and from Imperial College London and the Hanoi Institute of Science and Technology in Vietnam. Over the two programmes 42 participants spent more than 1500 hours on the following six projects.. Exploring ihe need for Iow-COSt 11 lesling and second-lrfe applications for EV batteries across the world Identifying the market need for translating Braille to print Investigating the potential for novel fetal ECG monitoring to enhan maternal-fetal health in low resource settings Mitigating the global risk from volcanic eruptions Analysing the need for a tool to promole social cohesion Identifying the market potential for a compact self-contained sterilisation system CGE'S core R&D programme is the Cambridge-based Indusive Innovation Cultivator. The Cultivator provides long- lem. lailored supporl suslainable development enlrepreneurs. helping them naVIge the complexsties of building and scaling impactful ventures in challenging, resource-constrained contexts.
THE CENTRE FOR GLOBAL EQUAUTY UMITED TRUSTEES. REPORT For the year ended 31 July 2024 The size of the Cuttivator increased signifi(2nty during the year wrth thirteen new projects and ventures joining the programme IEquaData, Eyevu, Global Volcano Risk Alliance. Hydeco, Immi Watch, Kilele AClerator, Lifetime, Na'amal, Paige Braille, School Health Pulse, Sustainae Sterilisation Systems, Solarplexus and Unlearning). Eleven ventures continued from the previous year lautohaem. Beneficial Bio, Cortirio, Ideabatic, Majicom, open- seneca, Reach Sci, SuslairFEd, Vesma. Vigyan Shaala and Water Scope). Seven ventures (Bio Bottle Voltaic, Blue Tap, Innoflav, Kijani Energy, Passive Thermal. SAFE, and System Target Therapeutics) conduded their time in the Cultivalor as projects ended, pivoled away from suslainable development or teams relocated. At the end of Ihe reporting period in July 2024, the Cultivator supported 24 active ventures. During the year CGE collaboraled with two Cullivator teams to c(Fdeliver projects.. we supported Beneficial Bio to collaborate with international partners to deliver their Redone programme. and we facilitated Blue Tap's utilisation of their award for social entrepreneurship from the FAMAE Endowment Fund Intemational Innovab'on Challenge. Overall Cullivator venlures raised over £2million during ihe year., 77 collaboralions took place across 56 countries and 184,000 beneficiaries were reached. Of the many achievements highlights indude.. Blue Tap became the Cultivator's first impact acquisition, having been acquired by Thermofluidics lo scale its chlorine dosing technology. Unlearning secured a letter of intent from the Prime Ministerfs Office in Pakistan to roll out rts gender bias and gender-based violence intervention across the education system and vil service- Na'amal launched an agency to connect ils graduates with employmenl opportunrties, already delivering five paid projects. Buildin Inclusive Innovalion Ecos stems To strengthen our inclusive research and innovalion programmes CGE continued to build enabling ecosystems in Cambridge and Bahir Dar, Ethiopia, and initiated new programmes in Vietnam and Indonesia. In Cambridge CGE continued our ongoing collaboration with Cambridge FTeams and our work for the Climate Compatible Growth {CCGI programme in the Cambridge Centre for Indusive Innovation (CCII) based in the Department of Chemical Engineering and Biotechnology (CEB)- To maintain connections more broadly across the University of Cambridge CGE slaff continued to serve on the Steering Committees of Cambridge Global Challenges, the Synthetic Biology Strategic Research Initiative and the Engineering and Physical Sciences Research Council (EPSRCI Cenlre for Doctoral Training (CDT) in Sensor Technologies for a Healthy and Sustainable Future, and support Cambridge Enterprise initiatives. CGE'S primary contribution to enhanang Bahir Darfs indusive innovation ecosystem during the 202>2024 year was through a grant from the Sustainability Team of Ami Ltd. to support BIT Maker spa at Bahir Dar University. The main focus was enabling prolotyping and human nIred design wtlh end-users in agricutture and heallh, alongside ongoing collaboration with CGE team rnembers and engineers in the Cambridge ecosystern. The most significant ecosystem building programme during the year. however. was ASEAN teams. Funded by the UK FCDO, this programme aimed to develop a culture of technology commeraalisalion in universities in the Association of Southeast Asian Nations (ASEAN) region by sharing the TeamS methodology that has been implemented in Cambridge for two decades. Led by CGE. and delivered in collaboration wtth Cambridge FTeams, ASEAN i-Teams was piloted successfully at the Hanoi Institute for Sryence and Technology in Hanoi, Vietnam, and the Bandung Institute of Technology in Bandung. Indonesia. Future Plans Going forward the Centre for Global Equalty will continue to enable indusive research and innovation for sustainable development. In collaboration with partners in academia, uvil souety, govemmenl and business, CGE will continue to enhance ecosystems and creale enabling environments for the evolution of innovative solutions to challenges relating to food, water, energy, education, health, dimate, the environment and livelihoods. These objectives underpin the organisation's strategic plan that enacts CGE'S vision of contributing to a fairer and more sustainable world through inclusive research and innovation. Our mission is lo evolve. demonstrate and share an effective approach to inclusive research and innovation, and contribute to sustainable development through this approach. Our four strategic goals for this period are to.. develop and diffuse the indusive innovation model., institutionalise a global inclusive innovation community of practice- deliver prcwJrammes for indusive innovation ecosyslems,. and foster inclusive innovation leaders of the future. Parlicular objectives for the coming year are lo strengthen the Cuttivalor programme, bringing on board new projects and ventures, and to establish Climate Compatible Growth networks in north India, Malaw and Nepal.
THE CENTRE FOR GLOBAL EQUAUTY UMITED TRUSTEES. REPORT For the year ended 31 July 2024 Principal Sources of Funding The majority of Centre for Global Equality's funding during the 202&2024 year came from participation in consortium research and innovalion programmes. The organisation is also grateful lo have received generous in- kind support from a number of individuals and organisations. Of the £632,947 in restricted funds for collaborative research programmes. the largest amounl1£543,317) was received by CGE to run the Country Partnerships workstream. and contribute to Ihe Operational Intelligence Framework, of the Climate Compatible Growth (CCG) programme funded through Loughborough University by the UK Foreign, Commonwealth & Development offi (FCDO). CGE also received restricted funds for staff time, travel, consumables and subcontracls lo support the delivery of a CCG 'sisler project, in Kenya funded Ihrough Loughborough University by UKPACT (£76,622). CGE received further restricted funds from the Universty of Cambridge to deliver a module on Indusive Innovation for the EPSRC Centre for Docloral Training (CDT) in Sensor Technologies for a Healthy and Sustainable Future (£1,000), for the co-delivery of the collaborative research project APSISSFE (£12,008), and the Recyclone research impact project with Cultivator venture Beneficial Bio (£3.045). Delivery of CGE'S main innovation programmes, TeamS and the Cultivator. were enabled through the following restricted grants and collaborations. CGE received £118,791 from the UK FCDO to deliver the ASEAN i-Teams programme in collaboration with Cambridge i-Teams. CGE also received restricted funding from the University of Cambridge through the Institute for Manufacturing io c(Fdeliver Development TeaMs1£10,4161. CGE also reiVed funds for co-delivering ideation events and mentorship wrth Cambridge Enterprise for the Ideas Incubator1£500}, and the St John's Innovation Cerrtre for the Royal Academy of Engineering's LIF Advance 3 programme (£3,000). In addition, CGE received restricted funds from the Ami Sustsinabilty team of Ami Ltd to support BIT Maker Space at Bahir Dar University in Ethiopia (£38,4(K)). and (£17,937) from the FAMAE Endowment Fund for Cultivator venture Blue Tap. Furthemiore, CGE would like lo thank Mishcon de Reya. BPD Pttmans LLP, Emeddism. Ellis Ware Consulting, and Eduardo Von Risto for pro-bono, iTrkind support to the combined value of £2.525 in the fomi of technical and legal and business development advi for ventures provided through Cultivator programme. Public Benefit of the Centre for Global Equality In determining activities of the organisalion, Cenlre for Global Equalty trustees have paid due regard to Charity Commission guidance on public benefit. The 'Activtties Report, above explains CGE'S strategy for meeting its charitable purposes, and lisls the signtficanl activities underlaken. and achievements made, during the 2023-2024 year towards meeting these purposes. Financial Review Results for the year and the financial position of the company are as shown in the annexed financial statements. The total funds of the Centre for Global Equality were £212,6(Kl at 31 July 2023 and £167,898 at 31 July 2024, as shown on the Balan Sheet. Statement of Directors, Responsibilities The directors are responsible for preparing the Trustees, Report and the Financial Statement5 in accordance with applicable law and regulations. Company law requires the directors lo prepare financial statements for each rinancial year. Under that law the directors have elected to prepare the financial stalements in accordance with United Kingdom Generalty Accepted Accounting Practice (Unrted Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the company and of the profrt or loss of the company for that period. In preparing these financial statements, the diredors are required to: select suitable accounting policies and then appty them consistenlly make judgements and estimates that are reasonable and prudent prepare Ihe financial statements on the going concem basis unless r( is inappropriate to presume that the company will continue in business The directors are responsible for keeping adequate accounting records that are SLrfficienl to show and explain the companls Iransactions and disclose with reasonable accuracy at any time Ihe financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
THE CENTRE FOR GLOBAL EQUALITY UMITED TRV3TeES' RepoffT For th• y•ar •nd•d 31 July 2024 Dlr•ctorn Durlng 2023Q024 Ms Kimberfy Gir8 Dr Mexander Patto Ms Wee Kil Teh Mr lan Steed Prol H¢)ward Gnffiths Mr Amitabh Mohta Prof hJ8xandre Kabla Chair Vitrchair Islocrfj do%w by rolaiK)n Juno 2024) Treasuier ftom Juno 2024 Stsff Durlng 2023-2024 Ful-time stsff Dr Lara Ailen Mr Andrew Birbey Mr hjex MillirvJtofvJufWJ Mr Bon Motsr¢ Dr Elizabeth Tennyson Dr rsty MackinLIy Dr L58 Zagalo r Fn KiY Ms Sarn Said CEO Finance ar¥J Operat)ns Manager May 20241 CLthator Lead InGknbive IntKJvatKm C(KYdlnator Climate Cornpabb Groyrth NatKnal Parfnersh* Manager Climate Cornpatib Groyth Natne1 Parlnerships Coordinator Climate compats"b Growth Operatn#1 InlellvJenee Offter CEimate compatib GFDWth Ch'mate ProJecl OffKer (from Aprl 20241 Climate Project oifieer (fr February 20241 Bankèrs 8arclayE Bank UK PLC, 1 Churchill PEac&. E14 5HP Independent Examlner SG Berriman BFP FCA FCCA Chatef Ajlan LLP. 7 Quy CrAKI. Coliers Le, SltrN<QUy, CB25 9AU Approv•d by thè Board and Sign•d o thr Bohall Kmberly Gire Chair of Lhe Board of Tnjslees Dal8'.
THE CENTRE FOR GLOBAL EQUALITY LIMITED INDEPENDENT EXAMINER'S REPORT For the year ended 31 July 2024 I report on the accounts of The Centre For Global Equality Limited for the year ended 31 July 2024, which are set out on pages 7 to 16. RESPONSIBILITIES AND BASIS OF REPORT As the charity trustees of the company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'}. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'}. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515)(bl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Repo.ng Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no COnrnS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. stuart Graham Berriman BFP, FCA, FCCA Chater Allan LLP 7 Quy Court Colliers Lane StOW-cum-Quy Cambridgeshire CB25 9AU Date.. 28 April 2025
THE CENTRE FOR GLOBAL EQUALITY LIMITED STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) For the year ended 31 July 2024 Unrestricted Restricted Funds Funds Total 2024 Funds Total 2023 Funds Note Income from: Donations and legacies Charitable activity.. Promotion of international development Investment income Other income 3,500 581 821,535 825,035 581 735,152 28 150 Total 4,081 821,535 825,616 735,330 Expenditure on: Charitable activity.. Promotion of international development 20,445 849,874 870,319 706,572 Total 20,445 849,874 870,319 706,572 Net (Expenditure) I Income 16,364 28,339 44,702 28,758 Net Movement in Funds 16,364 28,339 44,702 28,758 Reconciliation of Funds: Total funds brought forward 176,600 36,000 212,600 183,842 Total funds carried forward 160 237 167 898 212 600
THE CENTRE FOR GLOBAL EQUALITY LIMITED (Company Number: 060808961 BALANCE SHEET As at 31 July 2024 2024 2023 Note FIXED ASSETS Tanglble fixed assets 3.191 3.753 URRENT ASSETS Debtor5 and prepayTnenls Cash al bank and In hand 100,(M)4 118,700 218,704 246,368 68,039 314.407 CURRENT LIABILITIES Creditors and accruals 105.560 Net current assets 164,707 208,847 N•t Ass•ts 167.808 212.600 REPRESENTED BY: Unrestricted Funds Reslricted Funds 10 160.237 7.661 176.600 36.000 167.898 212.600 The company is enlitled to exemption from aL1t under seCn 477 of the Companias Act for the year ended 31 July 2024. members have not required the company to obtsin an audit of ts ffinancial statements for the ar ended 31 JU 2024 in accordart¢e vrith Section 476 of Ihe Companies A¢t 21))6. Th8 directors a¢knOge Iheir reSp(sIbl1tles for: (a) ensuring that the company keeps a(xounknng records which comF4y with Sections 386 and 387 of the Companie5 Act 2006 arKI (b) preparing finanoal stslements which give a true and falr view of the stalo of affairs of the company as at the end of each financial year and of Ils profrt h)ss for each financ¢al year In accordance V•ryth the requirements of Sections 394 and 395 and whith otherwise compty wrth the requirements of the Companies Act 2G6 relatirrfJ to financial ststements. so far as applicable to the company. The Flnsncigl st8t@ments h8ve been wep8red in aCrdanCe wth the prowlsions of Part 1 S of tho Companies 2006 relatlig to small companies. The financ1 statamonts wore approved by tha board of diroctors on . and swJned on its behalf by: dy Gire Chair of the Board of Trustees
THE CENTRE FOR GLOBAL EQUALITY LIMITED STATEMENT OF CASH FLOWS As at 31 July 2024 Note 2024 2023 Cash used in operating activities 52,324 5,426 Cash flows from investing activities: Purchase of fxed assets 1,664 1,664 {3,980) 3,980 Change in cash and cash equivalents in the reporting period 50,661 1,447 Cash and cash equivalents at the beginning of the reporting period 68,039 66,592 Cash and cash equivalents at the end of the reporting period 118,700 68,039 Notes to Cash flow statement 1. Reconciliation of net income for the year to net cash flow from operating activities 2024 2023 Net (expenditure) l income Adjustments for.. Depreciation charges Decreasel(Increase} in debtors (Decrease)Ilncrease in creditors (44,702) 28,758 2,227 1,123 146,364 {110,901) (51,564) 86,447 Net cash inflow {oufflow) from operating activities 52,324 5,426 2. Analysis of cash and cash equivalents At1 August 2023 At31 July 2024 Cash flow Cash at bank and in hand 68,039 50,661 118,700 68,039 50,661 118,700
THE CENTRE FOR GLOBAL EQUALITY LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 July 2024 ACCOUNTING POLICIES Basis of accounting The charity constitutes a public benefit entity as defined by FRS 102. 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 UK and Republic of Ireland {FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. Going concern basis The trustees consider that the going conrn basis is appropriate as they consider the reserves levels to be sufficient to ensure that the trustees can meet their financial obligations for the next 12 months and on that basis the Charity is a going concem. Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Income All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be reived. Income reiVed from course fees where there is no stipulated use is recognised in the Income and Expenditure account when received. Grants to the ntre are accounted for as soon as the ntre is notified of its legal entitlement and the amount due. Investment income is generated from the cash balances held. Expenditure All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Expenditure of charitable activities are as disclosed in note 3. Governance costs reflect expenditure related to the running of the charity rather than pursuing the charitable activities. Tangible fixed assets Individual fixed assets are capitalised at cost. Tangible fixed assets are depreciated on a straight line basis over their estimated useful lives as follows.. Computer Equipment 3 years Taxation The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. 10
THE CENTRE FOR GLOBAL EQUALITY LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 July 2024 CHARITABLE ACTIVITY INCOME Promotion of international development Unrestricted Restricted Funds Funds Total 2024 Total 2023 Consultancy Programme Activities= Research Collaborative projects Climate Compatible Growth (CCG) UK PACT Kenya APSISSFE Nutrition Analysis Centre of Excellence Doctoral Career Development Award 3D-Printed Medical Braces Sensors CDT Innovation Collaborative Projects Cultivator open-seneca Reachsci - Waterscope Open Ventilator System Initiative (OVSI) Development i-Teams International i-Teams ASEAN i-Teams Blue Tap Famae Beneficial Bio Recyclone 3,500 3,500 5,448 543,317 76,622 12,008 543,317 76,622 12,008 563,851 24,725 14,000 10,989 7,100 387 1,000 1.000 1,000 42,000 9,282 6,326 714 7,550 31,805 9,975 38,400 10,416 38,400 10,416 118,791 17,937 3,045 118,791 17,937 3,045 3,500 821,535 825,035 735,152 CHARITABLE ACTIVITY EXPENDITURE Promotion of international development Direct costs Support costs Total 2024 Total 2023 Salary Costs Staff Expenses Recruitment Costs Programme Activities Telephone Bank Fees Exchange DIfferenS Computer Costs Office Costs Insurance Fees & Subscriptions Depreciation Miscellaneous Support Costs Professional Fees Governan costs Independent Examination and Preparation of Accounts Trustee Meeting Expenses AGM costs 348.521 574 1,090 469,814 348,521 574 1,090 469,814 483 211 1,345 1,020 33,796 1,912 3,514 2,227 1,648 1,839 254,691 883 2,219 405,722 593 80 438 958 31,229 1,763 3,455 1,123 714 483 211 1,345 1,020 33,796 1,912 3,514 2,227 1,648 1,839 1,650 1,650 1,560 149 995 674 674 819,999 50,320 870,319 706,572
THE CENTRE FOR GLOBAL EQUALITY LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 July 2024 STAFF COSTS 2024 2023 Wages and salaries Pension contributions Social security costs 307,710 12,891 27,920 348,521 225,507 9,156 20,028 254,691 The average number of persons employed by the centre during the year was.. 2024 2023 Management and Administration Programme delivery Key management personnel The total employment benefits of key management personnel was £66,650 1 employee was paid in excess of £60.000 in the year. No remuneration was paid to trustees in the year. No expenses were paid to trustees during the year for SeNiS provided to the centre. FIXED ASSETS Computer Equipment 2024 Total Cost At 1 August 2023 Additions during the year Disposals during the year 5,222 1,664 5,222 1,664 At 31 July 2024 6,886 6,886 Depreciation At 1 August 2023 Charge for year Eliminated on disposal 1,468 2,227 1,468 2,227 At 31 July 2024 3,695 3,695 Net book value at 31 July 2024 3,191 3,191 Net book value at 31 July 2023 3,753 3,753 The fixed assets of the charity are all used for charitable purposes. LIABILITY OF MEMBERS The charitable company not having a share capital, the members. liability is limited by guarantee in the Memorandum and Articles of Association. 12
THE CENTRE FOR GLOBAL EQUALITY LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 July 2024 7. DEBTORS: Due within one year 2024 2023 Trade debtors Accrued income Prepayments Rent deposit 22,398 70,419 1,187 6,000 100,004 235,807 4,562 6,000 246,368 CREDITORS: Due within one year 2024 2023 Trade creditors Other creditors Accruals Deferred income 16,846 17,253 6,592 64,868 105,560 47,496 6,500 53,996 Movement in deferred income.. Balance at start of the reporting period Income released in current reporting period Income deferred to next reporting period Balance at the end of the reporting period 64,868 (64,868) 64,868 64,868 13
THE CENTRE FOR GLOBAL EQUALITY LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 July 2024 9. RESTRICTED FUNDS Fund blfwd Income Expenditure Fund clfvid Climate Compatible Growth (CCG) UK PACT Kenya APSISSFE Nutrition Analysis Centre of Excellence Doctoral Career Development Award 3D-Printed Medical Braces Sensors CDT Cultivator - open-seneca Reachsci - Waterscope Open Ventilator System Initiative (OVSI) Development i-Teams International i-Teams Passive Thermal ASEAN i-Teams Blue Tap Famae Beneficial Bio Recyclone 543,317 76,622 12,008 543,317 76,622 12,008 1,000 1,000 27,000 27,000 38,400 10,416 33,299 16,855 5,100 2,561 9,000 118,791 17,937 3,045 821535 118,791 17,937 3,045 849 874 CLIMATE COMPATIBLE GR0H (CCG) A consortium research programme funded by the UK FCDO that supports countries model, plan and attract finan for net zero infrastructure such that this contributes to sustainable development. UK PACT KENYA A consortium research programme funded by the UK FCDO that facilitates more effective collaboration beeen Kenya's national- and county-level energy systems planning teams. APSISSFE A collaborative research project funded by Research England through the University of Cambridge to develop Affordable Perovskite Solar Irrigation Systems for Small-holder Farmers in Ethiopia. NUTRITION ANALYSIS CENTRE OF EXCELLENCE A collaborative research project funded by Research England through the University of Cambridge to establish a Nutrition Analysis Centre of Excellence at Bahir Dar University in Ethiopia. DOCTORAL CAREER DEVELOPMENT AWARD A BBSRC-funded University of Cambridge Doctoral Career Development Award to a CGE staff member to enable training on community-centred conservation stakeholder engagement and data collection. 3D-PRINTED MEDICAL BRACES A collaborative project belween researchers at the Universities of Cambridge and Bahir Dar to develop technology to fabricate medical braces using 3D printing. SENSORS CDT Contribution of a Module on Inclusive Innovation for the MRes cohort of the EPSRC-funded Centre for Doctoral Training (CDT) in Sensor Technologies for a Healthy and Sustainable Future. 14
THE CENTRE FOR GLOBAL EQUALITY LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 July 2024 9. RESTRICTED FUNDS {continued) oPENENEcA Grants to support Cultivator project open-seneca develop and deploy their open source, low cost, mobile sensors to monitor air quality- REACHSCI Grants to support Cultivator project Reachsci develop the capabilities of early career researchers in STEM from low- and middle-income countries. WATERSCOPE A grant to support Cultivator venture Waterscope test their water quality monitoring system with collaborating partners in Ethiopia. ovsi A collaboration beeen researchers, civil society and industry to produ an affordable, context-appropriate oxygen concentrator for low resour settings. DEVELOPMENT I-TEAMS A programme funded by the University of Cambridge to investigate how new innovations based on research could be deployed to improve people's lives in developing countries in a sustainable way. INTERNATIONAL I-TEAMS An initiative to transfer knowledge from Cambridge to universities elsewhere in the world about how to adopt and adapt the i-teams programme methodology. PASSIVE THERMAL A collaborative project belween engineers in the UK and Ethiopia to develop and test novel passive thermal technologies to improve off%rid energy and water access. ASEAN i-Teams A programme funded by the UK FCDO to pilot i-teams in Vietnam and Indonesia to contribute to developing a culture of technology commercialisation in Universities in the ASEAN region. BLUE TAP FAMAE An award made to the Cultivator Venture Blue Tap by FAMAE for winning the student social entrepreneur category of FAMAE'S International Innovation Challenge 2018-19. BENEFICIAL BIO RECYCLONE An award made to the Cultivator Venture Beneficial Bio from the University of Cambridge BBSRC Impact Acceleration Account to support international collaboration on their Reclone project. 15
THE CENTRE FOR GLOBAL EQUALITY LIMITED NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 July 2024 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds Restricted Funds 2024 Total Fixed assets Net current assets Fund balance 3,191 157,046 160,237 3,191 164,707 167,898 7,661 7,661 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds Restricted Funds Total 2023 Income from: Donations and legacies Charitable activity.. Promotion of international development Investment income Other income 5.448 28 150 729,704 735,152 28 150 Total 5,626 729,704 735,330 Expenditure on: Charitable activity.. Promotion of international development 4,849 701,723 706,572 Total 4,849 701,723 706,572 Net Incomel(Expenditure) before Transfers 777 27,981 28,758 Net Movement in Funds 777 27,981 28,758 12. RELATED PARTIES There are no related party transactions during the year (2023 £ nil) 16