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 C￿opted 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 pla￿s- 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 offi￿r 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 be￿een 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 pro￿sS. 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 ManUfa￿uring (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 naVIg￿e 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 AC￿lerator, Lifetime,
Na'amal, Paige Braille, School Health Pulse, Sustaina￿e 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 re￿iVed 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 L￿5￿8 Zagalo
r F￿n Ki￿Y
Ms Sarn￿ Said
CEO
Finance ar¥J Operat*)ns Manager May 20241
CLthator Lead
InGknbive IntKJvatKm C(KYdlnator
Climate Cornpabb￿ Groyrth NatK*nal Parfnersh* Manager
Climate Cornpatib￿ Groyth Nat￿ne1 Parlnerships Coordinator
Climate compats"b￿ Growth Operat￿n#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 L￿e, SltrN<￿￿QUy, CB25 9AU
Approv•d by thè Board and Sign•d o
th￿r 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 COn￿rnS 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 aL￿1t under seC￿n 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¢knO￿ge 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 2G￿6 relatirrfJ to financial ststements. so far as applicable to the company.
The Flnsncigl st8t@ments h8ve been wep8red in aC￿rdanCe wth the prowlsions of Part 1 S of tho Companies
2006 relatlig to small companies.
The financ￿1 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 con￿rn 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 re￿ived.
Income re￿iVed 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 DIfferen￿S
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 SeNi￿S 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 GR0￿H (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
be￿een 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)
oPEN￿ENEcA
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 be￿een 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