2020-12-31-accounts - Global Giving UK

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Reference and administrative		details ofthe Charity,	its Trustees	and advisors
Trustees' Report					2-11
Independent Auditor's	Report				12-14
Statement ofFinancial	Activities
Balance Sheet					16
Statement ofCash Flows					17
Notes to the Financial	Statements				18-25

Trustees	and Directors:	and Directors:	Shawn D'Aguiar, (Board Chair)	Shawn D'Aguiar, (Board Chair)	Shawn D'Aguiar, (Board Chair)
			Deirdre McGlashan
			Dr Anthony House
			Gillian Smith (appointed	I/12/2020)
Company	Registered	Number:	5824642
Charity Registered Number:			1122823
Registered	Office:		10Queen Street Place
			London
			EC4R IBE
Company	Secretary:		Goodwin Procter UK (appointed			21/12/2020)
Chief Executive Officers:			Rachel Smith
			Alexandra Ritchie (appointed		10/2/2020)
Auditors:			Prentis &Co LLP
			Chartered Accountants	&
			Statutory Auditors
			115cMilton Road
			Cambridge
			CB4 IXE
Bankers:			Barclays Bank Pic
			366 Strand
			London
			WC2R OHS
Solicitors:			Bates, Wells &Braithwaite
			2 - 6 Cannon Street
			London
			EC4M 6YH

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				2020		2019
			Notes		6
FIXEDASSETS
Tangible assets			12
CURRENT ASSETS
Debtors			13	137,974		42,974
Cash at bank				1,370,602		1,166,452
TOTAL CURRENT ASSETS				1,508,576		1,209,426
LIABILITIES
CREDITORS'. amounts	falling due within	one year	14	(658,790)		(511,2II)
NET CURRENT ASSETS					849,786		698,215
TOTAL NKT ASSETS					849,786		698,215
THE FUNDS OF THE	CHARITY
Restricted funds					475,127		361,960
Unrestricted funds					374,659		336,255
			15		849,786		698,215

STATEMENT OF	CASH	FL	OW	S
									Total Funds	Total Funds
									2020	2019
								Note
Cash Plows from	Operating		Activities
Net cash provided	by operating activities							17	203,605	325,198
Cash Flows from	Investing		Activities
Interest Irom investments									545	910
Net Cash Provided by Investing				Activities					545	910
Change in cash and	cash	equivalents in the reporting				period			204,150	326,108
Cash and cash equivalents		at	the	beginning	ofthe reporting		period		1,166,452	840,344
Cash and cash equivalents		at	the	end ofthe	reporting	period			1,370,602	1,166,452

GRANTS AND DONATIONS	GRANTS AND DONATIONS	GRANTS AND DONATIONS	Restricted	Unrestricted	Total
YEARENDED 31STDECEMBER 2020			Funds	Funds	Funds
			2020	2020	2020
			6
Donations			2,621,521	47,218	2,668,739
GlobalGiving US Foundation				178,455	178,455
Services	in kind			12,451	12,451
National	Lottery Community	Fund	318,706		318,706
Other			91,224		91,224
			3,031,451	238,124	3,269,575

GRANTS AND DONATIONS ................/CONTINUED	GRANTS AND DONATIONS ................/CONTINUED	Restricted	Unrestricted	Total
YEAR ENDED 31STDECEMBER 2019		Funds	Funds	Funds
		2019	2019	2019
Donations		1,252,654	11,344	1,263,998
GlobalGiving US Foundation			175,079	175,079
Services in kind			11,161	11,161
National Lottery Community	Fund	243,064		243,064
Other		212,8]4		212,814
		1,708,532	197,584	1,906, 116

CHARITABLE INCOME	CHARITABLE INCOME	Restricted	Unrestricted	Total
YEAR ENDED 31STDECEMBER 2020		Funds	Funds	Funds
		2020	2020	2020
				6
Fees trom corporate	partners		70,796	70,796
Training services			9,471	9,471
			80,267	80,267
		Restricted	Unrestricted	Total
YEARENDED 31STDECEMBER 2019		Funds	Funds	Funds
		2019	2019	2019
			8	f
Fees from corporate	partners		49,498	49,498
Training services			8,028	8,028
			57,526	57,526
INVESTMENT INCOME		Restricted	Unrestricted	Total
YEAR ENDED 31STDECEMBER 2020		Funds	Funds	Funds
		2020	2020	2020
Bank interest			545	545
		Restricted	Unrestricted	Total
YEAR ENDED 31STDECEMBER2019		Funds	Funds	Funds
		2019	2019	2019
Bank interest			910	910

THE FINANCIAL STATEMENTS	...,.
EXPENDITURE ON RAISING	FUNDS	Restricted	Unrestricted	Total
YEAR ENDED 31STDECEMBER 2020		Funds	Funds	Funds
		2020	2020	2020
Marketing and website		873	1,025	1,898
		Restricted	Unrestricted	Total
YEAR ENDED 31STDECEMBER 2019		Funds	Funds	Funds
		2019	2019	2019
			8
Marketing and website			188	188
ANALYSIS OF CHARITABLE	ACTIVITKS	Direct	Support
YEAR ENDED 31STDECEMBER 2020		Costs	Costs
		(Note 8)	(Note 9)	Total
		2020	2020	2020
Charitable activities		3,152,698	49,943	3,202,641
		Direct	Support
YEAR ENDED 31STDECEMBER2019		Costs	Costs
		(Note 8)	(Note 9)	Total
		2019	2019	2019
Charitable activities		1,935,785	50,132	1,985,917
DIRECT COSTS		Restricted	Unrestricted
YEAR ENDED 3ISTDECEMBER 2020		Funds	Funds	Total
		Year	Year	Year
		2020	2020	2020
			6
Project disbursements		2,835,887		2,835,887
Programme costs		27,341		27,341
Communications and marketing		112	132	244
Wages and salaries		30,773	224,036	254,809
National Insurance		3,140	19,861	23,001
Pension costs		920	10,496	11,416
		2,898,173	254,525	3,152,698
		Restricted	Unrestricted
YEARENDED 31STDECEMBER2019		Funds	Funds	Total
		Year	Year	Year
		2019	2019	2019
		8
Project disbursements		1,668, 134		1,668, 134
Programme costs		30,535		30,535
Communications and marketing			334	334
Wages and salaries		65,249	146,660	2]1,909
National Insurance		5,463	12,134	17,597
Pension costs		1,345	5,931	7,276
		1,770,726	165,059	1,935,785

E FINANCIAL STAT	EMENTS .... .„, SCON	TINUED
SUPPORT COSTS		Restricted	Unresh icted
YEAR ENDED 31ST	DECEMBER 2020	Funds	Funds	Total
		2020	2020	2020
Rent and rates		8,922	10,474	19,396
Membership subscriptions		517	608	1,125
Insurance		273	321	594
General office expenses		164	192	356
Telephone		193	239	432
Accountancy		197	1,389	1,586
Training and recruitment		425	3,472	3,897
Volunteer expenses			3,960	3,960
Revenue participation	fees	2,815	3,305	6,120
Governance costs
Auditors' remuneration		1,650	1,938	3,588
Legal and professional	fees	2,898	3,402	6,300
Other		1,184	1,405	2,589
		19,238	30,705	49,943
		Restricted	Unrestricted
YEAR ENDED 31STDECEMBER 2019		Funds	Funds	Total
		2019	2019	2019
Rent and rates		7,686	13,664	21,350
Membership subscriptions		518	922	1,440
Insurance		308	547	855
General office expenses		310	551	861
Telephone		193	342	535
Accountancy		534	950	1,484
Training and recruitment		878	1,561	2,439
Volunteer expenses		1,923	3,420	5,343
Revenue participation	fees	3,052	5,426	8,478
Governance costs
Auditors' remuneration		1,555	2,765	4,320
Legal and professional	fees	688	1,223	1,911
Other		402	714	1,116
		18,047	32,085	50,132
NET INCOMTNG RESOURCES			2020	2019
This is stated after charging:			f,
Auditor's remuneration			3,588	4,320

	STAFF COSTS								2020	2019
	Staff costs were as follows:-
	Wages and salaries								254,809	211,909
	Social security costs								23,001	17,597
	Pension contributions								11,416	7,276
									289,226	236,782
									2020	2019
	The average number ofemployees				during the year was as	follows:-			11	9
									2020	2019
	The number ofvolunteers		during	the year was as follows:-					4	5
	The following number	ofemployees			received employment	benefits	during	the year	between:
									2020	2019
	660,000 - 869,999
12.	TANGIBLE FIXED	ASSETS						Plant &	Other Fixed
							Machinery		Assets	Total
	COST
	At 1stJanuary 2020 and		31stDecember 2020					4,067	49,251	53,318
	DEPRECIATION
	At 1st January 2020 and		31stDecember 2020					4,067	49,251	53,318
	NET BOOK VALUE
	At 31stDecember 2019 and 31st			December 2020
13.	DEBTORS								2020	2019
	Other debtors								123,967	42,974
	Prepayments and accrued income								14,007
									137,974	42,974
14.	CREDITORS: AMOUNTS FALLING DUE IN LESS								2020	2019
	THAN ONE YEAR
	Trade creditors								492,659	267,192
	Social security and other		taxes						11,531	3,882
	Acm'uals and deferred	income							154,600	240,137
									658,790	511,211

STATEMENT OF FUNDS		Brought			Camed
YEAR ENDED 31STDECEMBER 2020		forward	Income	Expenditure	forward
			f,		8
Unrestricted Funds
General Funds - all funds		336,255	324,659	(286,255)	374,659
Restricted Funds
Individual Charity Funds		268,502	2,621,521	(2,566,395)	323,628
National Lottery Community	Fund	19,520	318,706	(261,889)	76,337
Other		73,938	91,224	(90,000)	75,162
Total Restricted Funds		361,960	3,031,451	(2,918,284)	475,127
Total Funds		698,215	3,356,110	(3,204,539)	849,786
		Brought			Carried
YEAR ENDED 31STDECEMBER2019		forward	Income	Expenditure	forward
Unrestricted Funds
General Funds - all funds		277,567	256 020	(197,332)	336,255
Restricted Funds
Individual Charity Funds		249,871	I 252 654	(1,234,023)	268,502
National Lottery Community	Fund	62,467	243,064	(286,011)	19,520
Other		129,863	212,814	(268,739)	73,938
Total Restricted Funds		442,201	1,708,532	(1,788,773)	361,960
Total Funds		719,768	1,964,552	(1,986,105)	698,215

16.	ANALYSIS OF NET ASSETSBETWEEN FUNDS	ANALYSIS OF NET ASSETSBETWEEN FUNDS	ANALYSIS OF NET ASSETSBETWEEN FUNDS	ANALYSIS OF NET ASSETSBETWEEN FUNDS	ANALYSIS OF NET ASSETSBETWEEN FUNDS	ANALYSIS OF NET ASSETSBETWEEN FUNDS	Restricted	Unrestricted
	YEAR ENDED 31STDECEMBER 2020						Funds	Funds	Total
							2020	2020	2020
							f,
	Current	assets					1,112,375	396,201	1,508,576
	Creditors	due within		one year			(637,248)	(21,542)	(658,790)
							475,127	374,659	849,786
							Restricted	Unrestricted
	YEARENDED 31STDECEMBER				2019		Funds	Funds	Total
							2019	2019	2019
								6
	Current	assets					626,473	582,953	1,209,426
	Creditors	due within		one year			(264,513)	(246,698)	(511,211)
							361,960	336255	698 215
17.	RECONCILIATION			OF INCOMING		RESOURCES TO NET CASH FLOW		FROM OPERATING
	ACTIVITIES
								2020	2019
	Net (surplus/(deficit)			for the reporting	period			151,571	(21,533)
	Adjusted	for;
	Interest	fiom investments						(545)	(910)
	(Increase)/decrease		in debtors					(95,000)	52,468
	Increase	in creditors						147,579	295,193
								203,605	325,198