DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
**COMPANY REGISTRATION NUMBER: 08113055**
**CHARITY REGISTRATION NUMBER: 1151527**
## **GLOBAL GREENGRANTS FUND UK**
**Company Limited by Guarantee FINANCIAL STATEMENTS**
**30 JUNE 2023**
## **COHEN ARNOLD**
Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 30 JUNE 2023**
||**PAGE**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1**|
|Independent auditor's report to the members|**14**|
|Statement of financial activities (including income and expenditure||
|account)|**19**|
|Statement of financial position|**20**|
|Statement of cash flows|**21**|
|Notes to the financial statements|**22**|
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)**
## **YEAR ENDED 30 JUNE 2023**
The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 30 June 2023.
## **Introduction**
Grassroots movements have continued to face huge challenges in 2022-23 - but also to bring hope and new opportunities to communities on the frontline of environmental crisis. Russia's war in Ukraine has continued to drive increased demand for fossil fuels and other natural resources, with many governments abandoning or watering down key environmental pledges in response. The war has also threatened global food security, already weakened by extreme weather events linked to the climate crisis: 2023 was the hottest year on record, leading to devastating drought in East Africa, wildfires in North America, and flooding across South Africa, the Philippines, and Turkey.
These challenges have the greatest impacts on marginalised communities in the majority world, particularly Indigenous groups, small farmers, and fishing communities. At the same time, the leadership of local communities is critical in addressing these challenges: bringing new perspectives and solutions to seemingly intractable problems, while protecting the rights and voices of those most affected.
_Credit: AbibiNsroma Foundation_
In Ghana, for example, our local partner AbibiNsroma Foundation is using a $5,000 grant to advocate for a just energy transition towards renewable energy that will centre local participation and leadership, create local jobs, and enable access to clean energy for all. Working to promote understanding and commitment to the concept of a just transition, the group is collaborating with local communities to build evidence of the impact of oil and gas on health, livelihoods and ecosystems in Ghana, aiming to empower local leaders to demand a halt to oiland gas extraction in their communities.
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DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
**TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered charity name** Global Greengrants Fund UK
**Charity registration number** 1151527
**Company registration number** 08113055
**Principal office and registered** Huckletree **office** 1 Horse Guards Avenue Westminster London SW1A 2HU **THE TRUSTEES** Ms A Pätsch Mr O Hoedemann Ms T Khan Ms R Longhurst Ms L Garcia Ms L Stevenson Ms A Shah (Appointed 1 July 2022) Ms E Peter (Appointed 1 July 2022) Mr L McAleese (Appointed 8 September 2023) Mr S Pittam (Resigned 1 July 2022) Ms S Lawder (Resigned 1 March 2023) **AUDITOR** Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU
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DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing documents**
The charity is constituted as a company limited by guarantee and as such, its governing documents are its Memorandum and Articles of Association. Its registered charity number is 1151527 and its company registration number is 08113055.
## **Management of the charity**
The trustees administer the day-to-day affairs of the charity and ensure all charitable activities meet the Public Benefits guidance. None of the trustees have any beneficial interest in the charity and only nominal trustee travel expenses were incurred.
## **Appointment, training, and recruitment of trustees**
The trustees have no beneficial interest in the company as it is a company limited by guarantee. The trustees are recruited by agreement of existing trustees at an annual meeting. The choice is based on applicants' expertise, knowledge and experience. New trustees are subject to trustee induction training which includes an understanding of the content of the Memorandum and Articles of Association, their legal obligations under Charity Act and Company Law, the organisational structure of charity, and the recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events which enhance their knowledge and skills, thereby improving the performance of their role.
## **Executive Summary**
In FY23, Global Greengrants Fund UK has provided funding support of $3,035,649 to 453 grassroots environmental justice initiatives across 83 countries around the world, up from a total of 344 grants made in the previous year. These grants funded activities to protect the world's most fragile ecosystems and important biodiverse hotspots, in particular those initiatives led by women, youth, Indigenous Peoples and people with disabilities.
The organisation has also grown its income to $6,882,824, up from $6,429,572 the previous year. We have also continued to build our staff team and infrastructure in order to deliver on this growth and invest in a sustainable future for the organisation.
Building on the successes of previous years, this growth and success reflects the unique value our grantmaking model and advisor accompaniment brings to grassroots partners around the world, and the importance our donors and supporters place on our work, especially at a time of heightened and interconnecting crises. As the impacts of the climate crisis become more and more clear, our support has been more vital than ever to help build resilience, centre environmental sustainability and justice in in community-led relief efforts, and support grassroots movements advocating for a just and green economic transition.
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DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **OBJECTIVES AND ACTIVITIES**
## **Overview of Global Greengrants Fund UK (GGF UK)**
Global Greengrants Fund UK's mission is to mobilise resources for communities to protect our shared planet and work towards a more equitable world. This is guided by our vision of global environmental justice, which is rooted in cultural integrity, and led by communities and grassroots movements. This is based in our theory of change, which states that people whose lives are most impacted by environmental harm and social injustice have important solutions to contribute, and that when local people have a say in the health of their food, water, and resources, they are positive forces for change. We work in close partnership with our US-based sister organisation, Global Greengrants Fund.
The generosity of our donors makes it possible for Global Greengrants to get resources directly to local people working to protect our shared planet and promote environmental justice. All of the foundations, corporations, and individuals that support our work share a common goal: to mobilise much-needed support to people who are often overlooked by traditional philanthropy but who have the solutions to make a lasting impact on the health of our planet and people's rights.
## **Grant making policy**
Global Greengrants' model was developed in response to the fact that many of the modern systems and institutions set up to protect the planet have been designed in a top-down way that, at best ignores local efforts and leadership and, at worst, threatens community efforts, taking decisions and access away from local people and advancing outside agendas which often silo human rights and environmental protection, or prioritise one at the expense of the other.
To address this, Global Greengrants' participatory grantmaking methodology prioritises appropriately sized and flexible funding to support solutions designed by local actors, in particular those most impacted by environmental degradation - women, youth, Indigenous Peoples and people with disabilities. Flexible funding of between $2,500 and $20,000 catalyses action and encourages continued local investment of resources while minimising dependency, bureaucracy, and risk. Responsive, grassroots-oriented grant programmes reinforce local autonomy, resources and agendas. They allow resources to spread more evenly throughout movements, expanding their ability to test multiple new strategies and engage new and diverse actors. Finally, this approach is critical to connecting local work to wider national and regional initiatives, as well as helping national and regional actors share their expertise.
As a participatory grantmaking fund, we place the strategy-setting and decision-making power into the hands of local activists who are part of and trusted by movements and have a deep understanding of their needs and potential. They play an important dual support role as advisers and movement-builders, ensuring Global Greengrants Fund resources the most effective and urgent solutions, and connecting, networking and accompanying our grassroots partners. This co-investment of grants and support from advisers has a leveraging effect and increases a grassroots movement's chances of success.
Our advisors identify communities which are most negatively affected by environmental degradation and pollution and make recommendations to Global Greengrants Fund on whom to support. The staff at Global Greengrants Fund carries out the necessary due diligence, awards the grants and monitors the impact of the work, with the help of our advisors who work closely with the local partners and mentor them in their project implementation. Global Greengrants Fund operates with the support of over 200 advisors via our regional and thematic advisory boards, sister funds and international partners across the world:
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DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
|**Advisory board / recommending partner**|**Country/ies**|
|---|---|
|Africa CoalNetwork|International|
|Andes Advisory Board|Bolivia, Colombia, Ecuador, Peru|
|Central Africa Advisory Board|Cameroon, Central African Republic,
DemocraticRepublic ofCongo|
|Central Asia Advisory Board|Kazakhstan, Kyrgyzstan, Tajikistan,
Uzbekistan|
|Disability Rights and Climate Justice Advisory
Board|International|
|Earth IslandInstitute|International|
|East Africa Advisory Board|Ethiopia, Kenya, Madagascar,
Tanzania, Uganda|
|EnvironmentalJusticeFund|South Africa|
|Fondo Accion Solidaria|Mexico|
|Fondo Tierra Viva|El Salvador, Guatemala, Honduras,
Nicaragua|
|Friends of the Earth International|International|
|Fundo CasaSocioambiental|Brazil|
|He Yi Institute|China|
|IndiaAdvisoryBoard|India|
|International Financial Institutions Advisory
Board|International|
|International Rivers|International|
|Middle East & North Africa Advisory Board|Egypt, Lebanon, Morocco, Tunisia|
|Next GenerationClimateBoard|International|
|Oilwatch International|International|
|Pacific Islands Advisory Board|Micronesia, Papua New Guinea,
Samoa, Solomon Islands, Tonga,
Vanuatu|
|PesticideAction Network|International|
|RainforestActionNetwork|International|
|Samdhana Institute|Cambodia, Indonesia, Laos,
Myanmar, Philippines, Thailand,
Vietnam|
|Southern Africa AdvisoryBoard|Mozambique,Zambia,Zimbabwe|
|SouthernConeAdvisoryBoard|Argentina, Chile,Paraguay, Uruguay|
|350.org|International|
|West Africa Advisory Board|Burkina Faso, Ghana, Mali, Nigeria,
Senegal|
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DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Significant achievements**
During the year the charity made 453 grants totalling $3,035,649 (2022: $1,940,594) to charitable purposes. Grants of $1,249,435 (2022: $1,355,901) were also made to Global Greengrants Fund Inc and other grant making organisations including contributions to the Agro-Ecology Fund, Environmental Defenders Collective, Iris Project, and the CLIMA partnership. The total grants for the period were $4,472,862 (2022: $3,684,048). The benefits that these organisations and community leaders provide include the protection of the environment and of traditional ways of living and livelihoods in harmony with the environment, safeguarding and promoting indigenous cultures and human rights, and the health and security of the most marginalised in society.
Projects were funded under six action areas: Climate Justice, Healthy Communities and Ecosystems, Local Livelihoods, Right to Defend the Environment, Right to Land, Water, and Resources and Women's Environmental Action.
Income in the year grew to $6,882,824 with the help of a diverse supporter base. Global Greengrants Fund UK is immensely grateful to all our generous supporters and partners for their trust and investment in our model and our grassroots partners.
The increasingly clear effects of the climate crisis continued to shape our grantees' work during the year. We continued to fund 'just transition' initiatives, through which our local partners sought to halt fossil fuel development, hold polluters to account, and promote more equitable and sustainable alternatives, such as agroecological farming and locally owned renewable energy. Food security and sovereignty, women's environmental leadership, equitable access to natural resources, and environmental health were other themes which emerged from the supported work during the past year.
|**Grants by region**|**2022-2023**|**2021-2022**|
|---|---|---|
|Africa|39%|44%|
|Asia|31%|25%|
|Pacific Islands|3%|5%|
|Europe|5%|2%|
|Americas|18%|18%|
|Middle East and North Africa|4%|6%|
||||
|**Number of grants supporting Global**
**Greengrants Fund action areas1**|**2022-2023**|**2021-2022**|
|Climate Justice|209|217|
|Healthy Communities and Ecosystems|261|287|
|Local Livelihoods|168|187|
|Right to Defend the Environment|73|93|
|Right toLand, WaterandResources|127|167|
|Women’s Environmental Action|104|162|
1Please note that as the majority of the grants addressed multiple Action Areas, the total presented in this table is higher than the total number of grants made in FY23.
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DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
Responding to the complexity and scale of the crises facing local communities, and the increased demand for our grantees' work, in 2023 the organisation and our US sister entity continued progress on our 'Transformative Journey', consulting widely with our advisory network, partners, Board and staff to identify the challenges and opportunities facing Global Greengrants Fund, and to reaffirm the values underpinning our work. Our next phase of the journey will focus on strengthening the organisation's infrastructure and our Advisory Network, while also testing newer participatory approaches to supporting local grassroots initiatives.
Global Greengrants Fund UK places importance on connecting with other grant makers to exchange, learn and share our values and approach. In the reporting period, we continued our active engagement in several networks to this end, and we are proud to be associated with Ariadne (European Funders for Social Change and Human Rights), the Association for Charitable Foundations, EDGE Funders Alliance Europe, the Environmental Funders Network and Philea (formerly the European Foundations Centre and DAFNE).
The charity grew to nine staff positions, with the team also supported by several consultant and temporary workers as needed. The team continued to work remotely, although (as of November 2023) our office presence is at Huckletree, 1 Horse Guards Avenue, Westminster, London SW1A 2HU.
In January 2023, we welcomed Dr Nisha Owen (formerly Director of Conservation at On the Edge) as our new Executive Director, bringing extensive knowledge and passion for grassroots environmental work, science, and philanthropy to promote global environmental justice. The Trustees under the leadership of our Chair, Rose Longhurst, as well as the staff team, would like to express their deepest gratitude and appreciation to Greg Hilditch who took up the role of Interim ED during the recruitment process, and remains with us as Deputy Executive Director and Director of Philanthropic Partnerships. Completing our Senior Leadership Team, in November 2023 we recruited our new Director of Finance & Operations, Joyce Materego-Woodall.
Please note that the majority of the grants made contributed to more than one action area.
## **OUR PATRONS**
We are grateful to our patrons for their ongoing commitment and support to Global Greengrants Fund UK.
## **Mary Robinson**
Mary Robinson served as the first woman President of Ireland (1990-97), and as UN High Commissioner for Human Rights (1997-02). Mary is the President of the Mary Robinson Foundation - Climate Justice, a member of The Elders and the Club of Madrid. She previously served as the UN Secretary-General's Special Envoy for the Great Lakes region of Africa (2013-14), as Special Envoy for Climate Change (2014-15), and as Special Envoy for El Nino and Climate Change in 2016. Mary is known for her passionate work on gender equality, women's participation in peace-building and human dignity, and as an outspoken advocate for the need to tackle climate change.
## **Kumi Naidoo**
Kumi became involved in South Africa's liberation struggle at the age of 15. Police harassment by the apartheid government eventually forced him to go underground, but he returned to South Africa after Nelson Mandela's release from prison. Formerly the CEO of Johannesburg-based CIVICUS, International Executive Director of Greenpeace and Secretary General of Amnesty International, Kumi continues to speak truth to power across the range of social, economic, and environmental justice campaigns. He is the founding chair of the Global Call to Action Against Poverty, has served on the boards of the Association for Women's Rights in Development, the Partnership for Transparency Fund, the Global Reporting Initiative, and Earthrights International.
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## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **Fay Milton**
Fay Milton is a drummer and film maker from Southeast London. With her band, Savages, she has recorded two Mercury Prize nominated albums, 'Silence Yourself' and 'Adore Life' and has toured extensively in Europe, America, Japan and Australia. As a filmmaker, Fay has made documentary and live music films with many artists and currently produces an interview series on climate change called Very Important Things. Most recently, Fay co-founded Music Declares Emergency, a group of artists, music industry professionals and organisations that stand together to declare a climate and ecological emergency and call for an immediate governmental response to protect all life on Earth.
## **SELECTED GRANTS FROM THIS YEAR:**
## **Access Bangladesh Foundation, Bangladesh**
People with disabilities are still one of the most marginalized groups in Bangladesh, one of the world's most climate disaster-affected countries. Extreme weather events, such as floods and cyclones, have disproportionate aspect on people with disabilities, leaving them at extremely high risk from injury and disease and unable to access vital services. Access Bangladesh Foundation was formed in 2008 in Savar, Bangladesh to promote equality for people with disabilities through education, health care, appropriate training, employment, and communication.
Access Bangladesh Foundation will use the funding to improve the accessibility standards of cyclone shelters to minimize the risk of persons with disabilities in natural disasters. Unfortunately, due to inaccessible facilities, people with disabilities have been unable or reluctant to use cyclone shelters, increasing their vulnerability and risk. As such, Access Bangladesh Foundation's project will conduct a study to assess the accessibility status of twenty selected cyclone shelters, disseminate study findings with the Ministry of Disaster Management and Relief, prepare and publish a policy for conducting evidence-based advocacy, form a nine-member Disability Advocacy Group with the representatives of Organizations of Persons with Disabilities, and conduct advocacy with concerned ministries and departments.
## **Bulgaria for Transko, Bulgaria**
In western Bulgaria, Erul Mountain is home to a stunning biodiversity of wild and rare protected species of plants, birds, mammals, and amphibians. The region provides plentiful resources to local communities for their food, water, and livelihoods which consists mainly of eco-tourism and mountain organic livestock. The region is also of interest to the gold mining industry. Despite local resistance, communities in the area face mass displacement, the risk of uranium poisoning, the destruction of of important natural habitats and the loss of livelihoods as the result of a planned open pit mine. The mine's investor has also lobbied for a law which strips the rights of villages located only metres from the site of the planned development to any decision-making and consultation.
With our support, Bulgaria for Transko used the funding to conduct a national campaign that demands that public funds are invested only in sustainable projects that improve the local economy without destroying nature and worsening living conditions. The group also looked to mobilise local and national support against the company and its investor by organising a series of meetings with communities, environmental NGOs representatives, and experts, as well as a public media campaign that engaged legal experts and other regions of Bulgaria.
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DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **Sazovor, Tajikistan**
Sazovor are using funding from Global Greengrants Fund to introduce a system of ecological public monitoring of motor transport into the life of the public environmental movement as the most effective method of public environmental control and supervision. Air pollution in Dushanbe, Tajikistan's capital and one of the most polluted cities in the world, is becoming an extremely important issue for both the public and decision makers, leading to a sharp increase in cardiovascular and respiratory diseases as well as wider environmental impacts.
Sazovor is working to install 4 mobile outreach posts to identify vehicles that do not meet the standards for gas emissions; to draft a proposal to change the legislation of Tajikistan on air pollution, create a series of short videos demonstrating the work of the State Environmental Inspectorate and the public on these issues, and to hold a round table discussion on the problems of air pollution in the city. Funds will support the purchase of four gas analysers, transportation, the organisation of a a round table meeting, video shooting and editing, and the purchasing of equipment.
## **SUPPORTERS AND PARTNERS**
We are immensely grateful to our donors and partners for supporting Global Greengrants Fund UK as we grow our resourcing to grassroots environmental movements and initiatives. Whilst this year has been Greengrants' most successful to date in terms of funds mobilised to directly support local environmental justice work, the sheer scale and urgency of the climate and biodiversity crisis means that every contribution is vitally important. Thank you for your trust and your investment in people and our planet.
As an example of the impact our supporters' contributions can bring, in August 2023 the population of Ecuador voted through a national referendum to halt all current and future oil extraction in Yasuní National Park. Yasuní is in the eastern Amazon Rainforest and is home to several Indigenous communities living in voluntary isolation. The Park holds enormous biodiversity and is pivotal to preserve that biodiversity and the livelihoods of the Indigenous Peoples who call the region home, and to cut down global carbon levels. Despite this, the park has contained the Ishpingo-Tambococha-Tiputini oil block since 2016, in addition to several other oil drilling projects, all of which have threatened the livelihoods of Indigenous Peoples, have led to deep biodiversity loss, and contributed massively to global rises in temperature and global dependence on fossil fuels.
The successful referendum was the result of decades of work by Indigenous movements in the region. Global Greengrants Fund has supported many of these movements, including Goldman Environmental Prize winner Nemonte Nenquimo and her Equator prize awarded organization, the Ceibo Alliance, as well as Yasunidos, a youth-led campaign. As the Ecuadorian government decided to drill for oil in several blocks within the park, a referendum to keep the oil in the ground was called by several of these civil society movements.
The referendum initiative was blocked by several administrations for over a decade, until a ruling of the Constitutional Court ordered it to be carried out. On Monday, August 21, 2023, Ecuadorians voted to halt the development of all new oilwells in the Yasuní park and to remove existing ones within a year. With this landmark result, Ecuador has become one of the first countries in the world to set limits on resource extraction through a democratic vote, even though much of Ecuador's revenue comes from oil extraction. Victories such as this clearly show the effectiveness of supporting long-term grassroots initiatives to bring decisive change.
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DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **FINANCIAL REVIEW**
## **Reserves Policy**
At the year-end the total unrestricted funds stood at $665,164 (2022: $571,310) and restricted funds stood at 2,571,953 (2022: $1,977,783). $407,997 was designated as operating reserves, based on six months of operating costs. The charity's reserves policy is to maintain the equivalent of six months' worth of operating costs as unrestricted funds, which are the free reserves of the charity. This is the level which the trustees think appropriate to maintain and finance the future commitments of the charity and the likely administrative costs of the charity for the next year. Additional unrestricted funds will be used to support a variety of activities in the coming year, including strengthening our organisational infrastructure to better support our grant making, to scale up our grant making, and to improve our staff benefits in line with our ambitions to be a progressive feminist organisation.
## **REPORT BACK ON PLANS**
In the financial year in question the trustees articulated four goals:
**1. Continue to grow direct support to beneficiaries through continuing to make grants directly to communities in the Global South, and strengthening our advisory network, including in new geographies, to support communities in networking, advocacy, and capacity-building.** This year, our total number of grants made grew by 30% to 453 grants, and grantmaking expenditure grew by 14% to a total of $3,035,649. For FY23, GGF UK was responsible for almost a third of the combined grantmaking of both GGF UK and our sister organisation in the US. GGF UK was also instrumental in the permanent establishment of the new Advisory Boards in the Middle East and North Africa, and Central Asia, part of the shared advisory network with our sister organisation in the US.
**2. Continue to pursue opportunities to promote the importance and positive impact of direct funding to grassroots environmental justice initiatives amongst funders in the UK and Europe.** As well as collaborating with our funding partners to grow direct support to grassroots initiatives, in 202223 GGF UK continued to advocate for change within the wider philanthropic sector by sharing learning and examples from our work, and promoting increased uptake of participatory, trust-based approaches to to philanthropy. This included a session on trust and accountability in philanthropy as part of Ariadne's Grant Skills Week in October 2022; introducing GGF's model to a new audience of individual supporters as part of the Philanthropy Workshop's in-person convening; co-organising sessions at the Philea Forum (and, in FY24, the EDGE conference); and coordinating working groups on climate justice as part of the EDGE Funders Alliance and the Environmental Funders Network.
**3. Delivering a joint vision of transformational growth in close partnership with the US sister entity, including plans for greater global integration and collaboration between the Global Greengrants' sister and partner funds.** Notably, the foundations were laid for our first joint meeting of the UK Board of Trustees and the US Board of Directors (held in November 2023), alongside the development of a programme of work on co-creation and collaboration, integration, alignment, all while maintaining autonomy in our Trustees decision-making and respective regulatory frameworks. The UKUS Memorandum of Understanding was renewed this year including a focus on improving our collaborations.
**4. Continue to ensure the organisation is a stronger, more effective, more strategic organisation, which is fit for purpose as it grows its staffing and expands its activities.** The latter half of FY23 and moving into FY24 has been a period of assessment of our organisation's current capabilities and capacity, to identify what is needed to scale our grantmaking and growth alongside our sister organisation. Activities supporting this include improvements in our policies, processes and
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## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
operations, reviewing staff roles and responsibilities, and improving our staff benefits package in line with our values.
## **Funder Commitment on Climate Change**
Global Greengrants Fund UK signed up to the Funder Commitment on Climate Change in 2019. As a signatory, we commit to reporting back every year on the progress we have made against the commitments:
- In 2022/23, we supported 209 climate justice initiatives (46 percent of total grants made).
- Engagement within the funder space included speaking at the Philea Environmental Funders Group on Greengrants' Just Transition work in November 2022; co-organising a well-attended session on supporting youth climate action at the Philea Forum conference, held in Croatia in May 2023; coorganising the Climate Funders Group, a sub-group of the Environmental Funders Network; and coconvening the EDGE Funders Alliance Climate Justice working group.
- As part of our organisational review, we initiated assessments of our operations to identify where these could be reviewed and improved. We identified a new office space which is B Corp registered and committed to reducing their environmental and climate impacts, into which we moved in November 2023. We also use a new travel booking system to track our carbon impacts, as part of an environmental sustainability policy currently in development. We are also in the process of assessing our financial operations to move towards more ethical providers.
## **PLANS FOR FUTURE PERIODS**
The trustees' plan is to continue to make dgrants and support programmatic activities in accordance with the organisation's grantmaking objectives, whilst also ensuring that an appropriate level of reserves is maintained. The following goals have been set for the next financial year:
1. Finance and operations improvements. The organisation is implementing wide-ranging essential improvements to our finance and operations functions, including upgrading our accountancy software; reviewing our procedures for grant-making and financial management; conducting HMRC and Charity Commission audits; and introducing improved and / or new operational policies.
2. Fundraising & field-building, including maintaining or growing our organisational income; diversifying our funding portfolio; implementing systems improvements; and continuing to influence the wider philanthropic sector by promoting learnings from GGF's work.
3. Programmatic priorities, including continuing to expand our grantmaking while investing in strengthening our advisory network; and investing in improved monitoring, evaluation and learning functionality.
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## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
**TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **RISK MANAGEMENT, SAFEGUARDING AND FRAUD PREVENTION**
Global Greengrants Fund UK Senior Leadership and Trustees maintain a Risk Register which is reviewed and updated on a regular basis, assessing risk according to the categories of Governance, Operational (including Safeguarding), Financial, Compliance and External. GGF UK has regularly reviewed policies on Safeguarding, Conflicts of Interest, and Whistleblowing. The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
We are committed to continued safeguarding improvements and have been working on a Values and Conduct Charter with our sister US organisation Global Greengrants Fund Inc, developed by a Working Group, drawn from both organisations and across our network, to better protect our grantees, network, and staff from harm. This Charter will be rolled out during FY24 and was signed by all trustees as the first step in November 2023.
In February 2023 GGF UK submitted an incident report to the Charity Commission, detailing an incident of fraud affecting our sister US organisation Global Greengrants Fund Inc, where the email systems of an overseas grantee were hacked to redirect the funds to the hacker's bank account. As a result, both GGF UK and US have reviewed and taken measures to review and improve, on an ongoing basis, our financial controls to minimise and stay alert to such risks.
## **TRUSTEES' RESPONSIBILITIES STATEMENT**
The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, 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 the applicable Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
**- 12 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **AUDITOR**
Each of the persons who is a trustee at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
- they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
## **SMALL COMPANY PROVISIONS**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 7 March 2024 and signed on behalf of the board of trustees by:
Ms R Longhurst Trustee
**- 13 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK COMPANY LIMITED BY GUARANTEE**
## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GLOBAL GREENGRANTS FUND UK**
## **YEAR ENDED 30 JUNE 2023**
## **OPINION**
We have audited the financial statements of Global Greengrants Fund UK (the 'charity') for the year ended 30 June 2023 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 30 June 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
- 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 charity 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 concern 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 charity's ability to continue as a going concern for a period of at least twelve 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.
**- 14 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GLOBAL GREENGRANTS FUND UK** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **OTHER INFORMATION**
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. 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.
In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, 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 for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the trustees' report has been prepared in accordance with applicable legal requirements.
## **MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION**
In the light of the knowledge and understanding of the charity 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
- certain 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 directors' report and from the requirement to prepare a strategic report.
**- 15 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GLOBAL GREENGRANTS FUND UK** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **RESPONSIBILITIES OF TRUSTEES**
As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the 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 charity'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 charity or to cease operations, or have no realistic alternative but to do so.
## **AUDITOR'S 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 auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) 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 taken 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:
- We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussion with the trustees and identified financial reporting legislation and charity legislation as being most significant to these financial statements.
- We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with the laws and regulations.
- We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks.
- We assessed the susceptibility of the charity's financial statements to material misstatement due to non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the trustees during the planning and finalisation stages of our audit. The susceptibility to such material misstatement was determined to be low.
- Based on this understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items.
**- 16 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GLOBAL GREENGRANTS FUND UK** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
- Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
**- 17 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GLOBAL GREENGRANTS FUND UK** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
## **USE OF OUR REPORT**
This report is made solely to the charity'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 charity's members those matters we are required to state to them in an auditor'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 charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
Keith Sussman FCA (Senior Statutory Auditor)
For and on behalf of Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU
19 March 2024
**- 18 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)**
## **YEAR ENDED 30 JUNE 2023**
||||**2023**||2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**$**|**$**|**$**|$|
|**Income and endowments**||||||
|Donations and legacies|**5**|476,151|6,406,443|**6,882,594**|6,429,571|
|Investment income|**6**|230|–|**230**|1|
|||`──────────`|`─────────────`|`─────────────`|`─────────────`|
|**Total income**||476,381|6,406,443|**6,882,824**|6,429,572|
|||`══════════`|`═════════════`|`═════════════`|`═════════════`|
|**Expenditure**||||||
|Expenditure on raising funds:||||||
|Costs of raising donations and||||||
|legacies|**7**|(135,466)|(35,535)|**(171,001)**|(140,028)|
|Expenditure on charitable activities|**8,9**|(247,061)|(5,776,737)|**(6,023,798)**|(5,153,333)|
|||`──────────`|`─────────────`|`─────────────`|`─────────────`|
|**Total expenditure**||(382,527)|(5,812,272)|**(6,194,799)**|(5,293,361)|
|||`══════════`|`═════════════`|`═════════════`|`═════════════`|
|||`──────────`|`─────────────`|`─────────────`|`─────────────`|
|**Net income and net movement in**|**funds**|93,854|594,171|**688,025**|1,136,211|
|||`══════════`|`═════════════`|`═════════════`|`═════════════`|
|**Reconciliation of funds**||||||
|Total funds brought forward||571,310|1,977,783|**2,549,093**|1,412,882|
|||`──────────`|`─────────────`|`─────────────`|`─────────────`|
|**Total funds carried forward**||665,164|2,571,954|**3,237,118**|2,549,093|
|||`══════════`|`═════════════`|`═════════════`|`═════════════`|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 22 to 38 form part of these financial statements.**
**- 19 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **STATEMENT OF FINANCIAL POSITION**
||**30**|**JUNE 2023**||||
|---|---|---|---|---|---|
|||**2023**||2022||
||**Note**|**$**|**$**|$|$|
|**CURRENT ASSETS**||||||
|Debtors|**16**|**35,650**||1,351||
|Cash at bank and in hand||**3,501,954**||3,095,507||
|||`─────────────`||`─────────────`||
|||**3,537,604**||3,096,858||
|**CREDITORS: amounts falling due**||||||
|**within one year**|**17**|**(300,486)**||(547,765)||
|||`─────────────`||`─────────────`||
|**NET CURRENT ASSETS**|||**3,237,118**||2,549,093|
||||`─────────────`||`─────────────`|
|**TOTAL ASSETS LESS CURRENT**||||||
|**LIABILITIES**|||**3,237,118**||2,549,093|
||||`─────────────`||`─────────────`|
|**NET ASSETS**|||**3,237,118**||2,549,093|
||||`═════════════`||`═════════════`|
|**FUNDS OF THE CHARITY**||||||
|Restricted funds|||**2,571,954**||1,977,783|
|Unrestricted funds|||**665,164**||571,310|
||||`─────────────`||`─────────────`|
|**Total charity funds**|**19**||**3,237,118**||2,549,093|
||||`═════════════`||`═════════════`|
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 7 March 2024, and are signed on behalf of the board by:
Ms R Longhurst Trustee
**The notes on pages 22 to 38 form part of these financial statements.**
**- 20 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **STATEMENT OF CASH FLOWS**
## **YEAR ENDED 30 JUNE 2023**
|**YEAR ENDED 30 JUNE 2023**|||
|---|---|---|
||**2023**|2022|
||**$**|$|
|**CASH FLOWS FROM OPERATING ACTIVITIES**|||
|Net income|**688,025**|1,136,211|
|_Adjustments for:_|||
|Other interest receivable and similar income|**(230)**|(1)|
|Accrued income|**(159,903)**|–|
|_Changes in:_|||
|Trade and other debtors|**(34,299)**|49,625|
|Trade and other creditors|**(247,279)**|288,737|
||`──────────`|`─────────────`|
|Cash generated from operations|**246,314**|1,474,572|
|Interest paid|**159,903**|–|
|Interest received|**230**|1|
||`──────────`|`─────────────`|
|Net cash from operating activities|**406,447**|1,474,573|
||`══════════`|`═════════════`|
|**NET INCREASE IN CASH AND CASH EQUIVALENTS**|**406,447**|1,474,573|
|**CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR**|**3,095,507**|1,620,934|
||`─────────────`|`─────────────`|
|**CASH AND CASH EQUIVALENTS AT END OF YEAR**|**3,501,954**
`═════════════`|3,095,507
`═════════════`|
**The notes on pages 22 to 38 form part of these financial statements.**
**- 21 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 30 JUNE 2023**
## **1. GENERAL INFORMATION**
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Huckletree, 1 Horse Guards Avenue, Westminster, London, SW1A 2HU.
## **2. STATEMENT OF COMPLIANCE**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
## **3. ACCOUNTING POLICIES**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in US dollar, which is the functional currency of the entity.
## **Going concern**
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern, as the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due, based on the net current asset position of the charity and available sources of finance.
## **Judgements and key sources of estimation uncertainty**
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities specifically with regard to the apportionment of costs between the Charity and Global Greengrants Fund Inc. and also the use of year end exchange rates. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
## **Foreign currencies**
Foreign currency assets and liabilities are translated into dollars at the rate ruling at the balance sheet date. Income and expenditure incurred in foreign currencies is translated at the rate at the time of the transaction. Any gain or loss on currency translation is dealt with in the SOFA as part of Resources Expended.
**- 22 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **3. ACCOUNTING POLICIES** _**(continued)**_
## **Fund accounting**
Unrestricted funds are grants, donations and other incoming resources received or generated for the charitable purposes.
Unrestricted reserves are transferred to restricted funds in projects where restricted funds are insufficient to cover committed activity costs.
Restricted funds are to be used for specific purposes as stipulated by the donor. Expenditure which meets these criteria is charged to the relevant fund.
## **Incoming resources**
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
**- 23 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **3. ACCOUNTING POLICIES** _**(continued)**_
## **Financial instruments**
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
## **Defined contribution plans**
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
## **4. LIMITED BY GUARANTEE**
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.
## **5. DONATIONS AND LEGACIES**
|**DONATIONS AND LEGACIES**||||
|---|---|---|---|
||Unrestricted|Restricted|**Total Funds**|
||Funds|Funds|**2023**|
||$|$|**$**|
|**DONATIONS**||||
|Corporations, Trusts and Grants|366,127|4,632,570|**4,998,697**|
|Individual Donations|110,024|146,010|**256,034**|
|Sponsorships, DAF and Pooled Funds|–|1,627,863|**1,627,863**|
||`──────────`|`─────────────`|
`─────────────`|
||476,151|6,406,443|**6,882,594**|
||`══════════`|`═════════════`|
`═════════════`|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2022|
||$|$|$|
|**DONATIONS**||||
|Corporations, Trusts and Grants|305,177|3,939,872|4,245,049|
|Individual Donations|457,409|306,814|764,223|
|Sponsorships, DAF and Pooled Funds|6,877|1,413,422|1,420,299|
||`──────────`|`─────────────`|
`─────────────`|
||769,463|5,660,108|6,429,571|
||`══════════`|`═════════════`|
`═════════════`|
**- 24 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **6. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||||
|---|---|---|---|---|
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2023**|Funds|2022|
||$|**$**|$|$|
|Bank interest receivable|230|**230**|1|1|
||`════`|
`════`|`════`|
`════`|
|**COSTS OF RAISING DONATIONS AND LEGACIES**|||||
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2023**|
|||$|$|**$**|
|Fundraising Costs||135,466|35,535|**171,001**|
|||`══════════`|`═════════`|
`══════════`|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2022|
|||$|$|$|
|Fundraising Costs||46,961|93,067|140,028|
|||`═════════`|`═════════`|
`══════════`|
|**EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE**|||||
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2023**|
|||$|$|**$**|
|Charitable activities||34,904|4,437,958|**4,472,862**|
|Support costs||212,157|1,338,779|**1,550,936**|
|||`──────────`|`─────────────`|
`─────────────`|
|||247,061|5,776,737|**6,023,798**|
|||`══════════`|`═════════════`|
`═════════════`|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2022|
|||$|$|$|
|Charitable activities||–|3,684,048|3,684,048|
|Support costs||546,435|922,850|1,469,285|
|||`──────────`|`─────────────`|
`─────────────`|
|||546,435|4,606,898|5,153,333|
|||`══════════`|`═════════════`|
`═════════════`|
## **7. COSTS OF RAISING DONATIONS AND LEGACIES**
## **8. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE**
The charity has recategorised the prior year activities between charitable activities and support costs to correctly reflect the transactions that occurred.
## **9. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE**
||Activities||||
|---|---|---|---|---|
||undertaken||**Total funds**|Total fund|
||directly|Support costs|**2023**|2022|
||$|$|**$**|$|
|Charitable activities|4,472,862|
1,271,905|**5,744,767**|4,617,066|
|Governance costs|–|
279,031|**279,031**|536,267|
||`─────────────`|
`─────────────`|`─────────────`|`─────────────`|
||4,472,862|
1,550,936|**6,023,798**|5,153,333|
||`═════════════`|
`═════════════`|`═════════════`|`═════════════`|
**- 25 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **10. ANALYSIS OF SUPPORT COSTS**
|**10.**|**ANALYSIS OF SUPPORT COSTS**||||
|---|---|---|---|---|
|||Analysis of|||
|||support costs|**Total 2023**|Total 2022|
|||$|**$**|$|
||Staff costs|414,866|**414,866**|255,070|
||Premises|12,857|**12,857**|6,870|
||General office|33,214|**33,214**|67,372|
||Governance costs|46,677|**46,677**|16,214|
||Travel|28,141|**28,141**|15,337|
||Direct programme expense|1,091,060|**1,091,060**|733,817|
||Organisational development|–|**–**|18,689|
||Unrealised foreign exchange loss / (gain)|(75,879)|**(75,879)**|355,916|
|||`─────────────`|`─────────────`|`─────────────`|
|||1,550,936|**1,550,936**|1,469,285|
|||`═════════════`|`═════════════`|`═════════════`|
|**11.**|**ANALYSIS OF GRANTS**||||
||||**2023**|2022|
||||**$**|$|
||**GRANTS TO INSTITUTIONS**||||
||The advancement of environmental protection or improvement||**2,498,911**|2,016,370|
||The advancement of citizenship or community development||**587,574**|179,011|
||The advancement of human rights, conflict resolution|or|||
||reconciliation or the promotion of religious or racial harmony or||||
||equality and diversity||**1,182,416**|1,195,807|
||The prevention or relief of poverty||**67,986**|153,446|
||The advancement of health or the saving of lives||**135,975**|139,414|
||||`─────────────`|`─────────────`|
||||**4,472,862**|3,684,048|
||||`─────────────`|`─────────────`|
||Total grants||**4,472,862**|3,684,048|
||||`═════════════`|`═════════════`|
||The list of grants to institutions during the year are disclosed in Note||24.||
|**12.**|**NET INCOME**||||
||Net income is stated after charging/(crediting):||||
||||**2023**|2022|
||||**$**|$|
||Foreign exchange differences||**(75,879)**|355,916|
||||`═════════`|`══════════`|
|**13.**|**AUDITORS REMUNERATION**||||
||||**2023**|2022|
||||**$**|$|
||Fees payable for the audit of the financial statements||**11,745**|6,000|
||||`═════════`|`═══════`|
**- 26 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **14. STAFF COSTS**
The total staff costs and employee benefits for the reporting period are analysed as follows:
||**2023**|2022|
|---|---|---|
||**$**|$|
|Wages and salaries|**493,348**|338,793|
|Social security costs|**35,740**|31,053|
|Employer contributions to pension plans|**20,833**|15,649|
|Other employee benefits|**9,305**|4,710|
||`──────────`|`──────────`|
||**559,226**|390,205|
||`══════════`|`══════════`|
The average head count of employees during the year was 7 (2022: 4). The average number of fulltime equivalent employees during the year is analysed as follows:
||**2023**|2022|
|---|---|---|
||**No.**|No.|
|Administrative and programming|**7**|4|
||`════`|`════`|
|The number of employees whose remuneration for the year fell within the following||bands, were:|
||**2023**|2022|
||**No.**|No.|
|$72,260 to $84,302|**1**|2|
|$96,347 to $108,389|**1**|–|
||`────`|`────`|
||**2**|2|
||`════`|`════`|
The number of employees whose remuneration for the year fell within the following bands, were:
## **Key Management Personnel**
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity.
## **15. TRUSTEE REMUNERATION AND EXPENSES**
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. $2,065 was reimbursed for directly incurred travel expenses to six trustees. (2022: $Nil).
## **16. DEBTORS**
|**DEBTORS**|||
|---|---|---|
||**2023**|2022|
||**$**|$|
|Prepayments and accrued income|**607**|–|
|Other debtors|**35,043**|1,351|
||`─────────`|`───────`|
||**35,650**|1,351|
||`═════════`|`═══════`|
**- 27 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **17. CREDITORS: amounts falling due within one year**
||**2023**|2022|
|---|---|---|
||**$**|$|
|Trade creditors|**12,000**|3,521|
|Accruals and deferred income|**251,177**|109,319|
|Social security and other taxes|**37,309**|–|
|Other creditors|**–**|434,925|
||`──────────`|`──────────`|
||**300,486**|547,765|
||`══════════`|`══════════`|
## **18. PENSIONS AND OTHER POST RETIREMENT BENEFITS**
## **Defined contribution plans**
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was $20,833 (2022: $15,649).
## **19. ANALYSIS OF CHARITABLE FUNDS**
## **Unrestricted funds**
|**Unrestricted funds**||||||
|---|---|---|---|---|---|
||At||||**At**|
||1 July 2022|Income|Expenditure|
**30 June 2023**||
||$|$|$||**$**|
|General funds|571,310|476,381|(382,527)||
**665,164**|
||`══════════`|`══════════`|`══════════`||`══════════`|
||At||||At|
||1 July 2021|Income|Expenditure||30 June 2022|
||$|$|$||$|
|General funds|395,242|769,464|(593,396)||
571,310|
||`══════════`|`══════════`|`══════════`||`══════════`|
|**Restricted funds**||||||
||At||||**At**|
||1 July 2022|Income|Expenditure|
**30 June 2023**||
||$|$|$||**$**|
|Restricted Fund|1,977,783|6,406,443|(5,812,272)||
**2,571,954**|
||`═════════════`|`═════════════`|`═════════════`||`═════════════`|
||At||||At|
||1 July 2021|Income|Expenditure||30 June 2022|
||$|$|$||$|
|Restricted Fund|1,017,640|5,660,108|(4,699,965)||
1,977,783|
||`═════════════`|`═════════════`|`═════════════`||`═════════════`|
**- 28 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **20. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2023**|
||$|$|**$**|
|Current assets|3,503,912|33,692|**3,537,604**|
|Creditors less than 1 year|(300,486)|–|**(300,486)**|
||`─────────────`|`─────────`|`─────────────`|
|**Net assets**|3,203,426|33,692|**3,237,118**|
||`═════════════`|`═════════`|`═════════════`|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2022|
||$|$|$|
|Current assets|3,096,858|–|3,096,858|
|Creditors less than 1 year|(112,840)|(434,925)|
(547,765)|
||`─────────────`|`──────────`|`─────────────`|
|**Net assets**|2,984,018|(434,925)|
2,549,093|
||`═════════════`|`══════════`|`═════════════`|
|**ANALYSIS OF CHANGES IN NET DEBT**||||
||||**At**|
||At 1 Jul 2022|Cash flows|**30 Jun 2023**|
||$|$|**$**|
|Cash at bank and in hand|3,095,507|406,447|**3,501,954**|
||`═════════════`|`══════════`|`═════════════`|
## **21. ANALYSIS OF CHANGES IN NET DEBT**
## **22. RELATED PARTIES**
Included in other debtors (note 16) is $33,692 (2022: Other creditors $434,925) due from Global Greengrants Fund Inc. Global Greengrants Fund Inc. have an element of control over the Charity and its spending, by virtue of being a member of the Charity, and are therefore considered a related party. Global Greengrants Fund Inc. make payments and receive donations on behalf of the Charity which are then recharged to the Charity. During the year $2,525,689 (2022: $2,285,106) was recharged to Global Greengrants Fund Inc.
There were no other transactions with related parties during the year other than reimbursements of travel expenses to Trustees in the normal course of business.
## **23. CONTROLLING PARTY**
The charity is a private company limited by guarantee with its sole member being Global Greengrants Fund Inc., a non-profit organisation registered in the state of Colorado, USA, with registration number 84/1612422. The registered office address of Global Greengrants Fund Inc. is 2840 Wilderness Place, Suite A, Boulder, CO 80301, United States of America
**- 29 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
## **24. GRANTS TO INSTITUTIONS**
|**GRANTS TO INSTITUTIONS**||
|---|---|
||**2023**|
||**$**|
|**Small Grants Programme:**||
|**Africa**|**1,170,526**|
|The STEMinist Foundation, Ghana|5,000|
|Ligue des organisations des femmes paysannes du Congo|5,000|
|ENVIRONMENTAL RIGHTS ACTION/FRIENDS OF THE EARTH NIGERIA|10,000|
|Estacio Valoi|5,000|
|Community Initiatives for Sustainable Development|5,000|
|Friends Forever Group|5,000|
|Nature Cameroon|5,000|
|Young Entrepreneurs Trust Zimbabwe|5,000|
|Green Development Advocates|5,000|
|Endorois Indigenous Women Empowerment Network|6,000|
|Tanzania Mineral Mining Trust Fund|5,000|
|Vaal Environmental Justice Alliance|10,000|
|Women's Leadership and Training Programme|10,000|
|Serengeti Preservation Foundation|10,000|
|Ereto Agricultural Rural Innovators|5,000|
|NALEPO-SERO|5,000|
|PEROTA - Wasso Community Conservation Bank|5,000|
|Community Sustainable Agriculture And Healthy Environmental Program|3,620|
|Kitwe District Land Alliance|6,000|
|Baringo Women and Youth Organization|7,300|
|Women’s International League for Peace and Freedom Zimbabwe Section|5,000|
|Itezhi Tezhi Candlelight Community Response Organization|5,000|
|Youth Initiative for Community Empowerment Trust|5,200|
|Kamu Kamu Women's Group|5,000|
|Tufanye Pa Moja Women Group|5,000|
|Centre for Public Interest Law|4,000|
|Environment Care Group, Kindoma|5,000|
|Agency for Health and Food Security|5,000|
|Royal Pearls Women Group|6,000|
|Centre for the Advocacy of Justice & Rights|3,000|
|Centre for Social Studies and Development (We the People)|10,000|
|Peoples Advancement Centre|10,000|
|Sombo Environmental Advocacy Group|4,200|
|Tano Women Empowerment and Development Association|5,000|
|Article 43 Community Based Organization|7,000|
|Centre for Social Studies and Development (We the People)|10,000|
|Association des Femmes Ecologistes Layidu de Macina|4,000|
|Women Integrated Development Association|4,700|
|Association de Jumeaux Integres|3,000|
|Forum Citoyen|4,000|
|Observatoire d'Etudes et d'Appui a la Responsabilite Sociale et Environnementale|5,000|
|Réseau d’Acteurs pour le Développement Durable|10,000|
|Conseil des femmes de Mbouza Bouffi|5,000|
**- 30 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
|**YEAR ENDED 30 JUNE 2023**||
|---|---|
|Tipokrom Community|5,000|
|ASSOCIATION DES FEMMES AUTOCHTONES|5,000|
|Twerwaneho Empowered Women Association|5,000|
|Association Kotoniontala Des Femmes Transformatrices De Produits Locaux De||
|Kalabambougou|3,000|
|Kapeeke Women Beekeeper’s Group|8,000|
|Pesticide Action Network Senegal|7,500|
|Femmes Solidaires|5,000|
|Advocates4Earth Trust|5,000|
|Ihandiro Youth Advocates for Nature|5,000|
|Greener Impact International|5,000|
|We Do GREEN Organization|5,000|
|Groupment des Femmes de Pissa|5,000|
|Youth for Promotion of Development|5,000|
|Journalists for Earth|5,000|
|Union de la communauté des exploitants forestiers pour le développement de||
|Mampa|5,000|
|Jeunes Volontaires pour l’Environnement|5,000|
|East African Crude Oil Pipeline Host Communities|5,000|
|Natural Resource Governance and Economic Justice Network|4,800|
|Namibia Indigenous People’s Advocacy Platform|9,000|
|Foundation for Environmental Management and Campaign Against Poverty|6,500|
|Corporate Accountability and Public Participation Africa|8,000|
|350 Ghana Reducing Our Carbon|15,000|
|Noyem Women Association|4,500|
|Jeunes Volontaires pour l’Environnement Côte d’Ivoire|7,000|
|Association Entraide Familiale|4,000|
|Safe Haven Development Foundation|5,000|
|Advocacy for Gender, Environment and Social Support|5,000|
|Krystal Kares Foundation|4,000|
|Climate Justice Watch|5,050|
|Women Oriented Actions for Change|12,957|
|Zanzibar Association of Agriculture for Poverty Reduction|5,000|
|Kwataniza Women Farmers Group|8,000|
|Plate-forme des Organisations Paysannes du Sahel au Mali|6,000|
|Livestock Direct Concern CBO|4,000|
|Action Coalition on Climate Change|4,000|
|Kazi-Njema News|7,000|
|Land And Environmental Rights Watch Africa Ltd|5,000|
|Swaziland Transport Communication and Allied Workers Union|8,000|
|Foundation for Integrated Rural Development|5,000|
|Okavango Women Network|7,500|
|Pastoralist Peoples Initiative|6,000|
|Strategic Youth Network for Development|7,500|
|Center for Environmental Research and Agricultural Innovations|5,000|
|Kitara Civil Society Organizations Network|3,981|
|Young Volunteers for the Environment Rwanda|4,990|
|CENTRE POUR LA JUSTICE ENVIRONNEMENTALE TOGO|6,000|
|GirlsForClimateAction|5,000|
**- 31 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
|**YEAR ENDED 30 JUNE 2023**||
|---|---|
|Entepesi Nalangu Women Group|6,000|
|Circul-Ate|4,577|
|Hasiniala Cooerative|3,000|
|Groupe d'Action Pour La Promotion et La Protection de la Flore et la Faune|7,000|
|Surge Africa Organisation|5,000|
|ASSOCIAÇÃO ZÉ MANUEL PINTO|9,976|
|Greater Whange Residents Trust|5,000|
|Afrique Eco 2100|5,000|
|Women for Green Economy Movement Uganda (WoGEM)|5,000|
|Care For Environment|5,000|
|Nigeria Coal Network|5,000|
|Development and Community Empowerment Organization|3,300|
|Mwangaza Cluster SHG|4,000|
|Green Planet Initiative|5,000|
|Observatoire de Gestion ses Ressources Naturelles et de l’Environnement|5,000|
|Association pour la Promotion du Développement Durable|5,000|
|Association pour la Promotion du Développement Local et la Protection de||
|l’environnement|5,000|
|Plateforme des Acteurs du Développement Durable et Inclusif du Septentrion|5,000|
|Youth for Environmental Sustainability and Development|4,000|
|Hoima Blind Women Association (HOBWA)|10,000|
|Abibinsroma Foundation|5,000|
|Lupane Youth for Development Trust|5,000|
|Africa Center for Environment and Energy Sustainability|5,000|
|Unique Farmers Cooperative|20,000|
|Gwanda Community Economic Justice Development Trust|5,000|
|Réseau des associations de la jeunesse de Boali|5,000|
|Centre for Global Livelihoods Sustainability|5,000|
|Citizen Network for Community Development Zambia|5,000|
|Foundation for Environmental Management and Campaign Against Poverty|5,000|
|SAHEL DEV|5,000|
|Youth Initiatives for Community Development|5,000|
|BOMOYI YA LOBI|5,000|
|Fondation la Bonne Semence|5,000|
|Comité de Défense des habitants de Kisanga|5,000|
|Association de Développement de Mulandi|5,000|
|Innovation et Formation pour le Developpement Durable et la Paix|5,000|
|Green Conservers|5,000|
|Network Advancement Program for Poverty and Disaster Risk Reduction|5,000|
|Association Union des Jeunes pour la Renaissance du Mali|3,500|
|Association des Amis, Ressortissants et Sympathisants de Balandougou|4,500|
|Peace Point Development Foundation|10,000|
|Media Awareness and Justice Initiative|10,000|
|Women for Green Economy Movement Uganda (WoGEM)|6,000|
|Isoko Environmental Monitoring Committee|10,000|
|Environmental Human Rights Care and Gender Organisation|5,000|
|NARAMATISHO Community Leadership Project|5,000|
|Citizens Information and Development Initiative|10,000|
|Fikambanana Tanora Vonona Ankaramalaza|5,000|
**- 32 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
|**YEAR ENDED 30 JUNE 2023**||
|---|---|
|Environmental Justice Team Samburu|5,000|
|Sustainable Communities Action Network|3,500|
|Akanin’ny Moana sy Marenina|4,000|
|Kaiso Women’s Group|6,000|
|Nkori Rural Women and Development Initiative|10,000|
|Edem Children Foundation|10,000|
|Rainbow Watch Development Center|10,000|
|Association TARATRA|4,000|
|Lekeh Development Foundation|8,000|
|The Young Environmentalists Network|10,000|
|Waterberg Women Advocacy Organization|7,500|
|Centre du Commerce International pour le Développement|4,000|
|Network Movement for Justice and Development|15,000|
|ASSOCIAÇÃO ZÉ MANUEL PINTO|4,986|
|Global Initiative For Food Security And Ecosystem Preservation|10,000|
|Jeunesse Unie pour le Progrès et le Développement|10,000|
|Centre for Social Studies and Development (We the People)|10,000|
|ONG Jeunes Verts Togo|10,000|
|Justice Peace and Integrity of Creation Franciscans Africa|5,000|
|Youth Volunteers for Environment Ghana|5,000|
|Mathima Women Empowerment Group|5,500|
|Afrikovation Hub|5,000|
|Fridays For Future Uganda|4,000|
|Juhudi Community Support Center|4,000|
|Lamu Women Alliance|2,780|
|Uganda Women’s Water Initiative|5,000|
|Program for the Heritage of Ogiek and Mother Earth|5,000|
|Indigenous Young Mums|6,500|
|"ANTSINGAORA" Fédération des Pécheurs de MAROANTSETRA|7,300|
|Laikipia North Community Conservation Initiative|7,000|
|Women Environs in Zambia|5,000|
|Tigwirizane Women's Club|5,000|
|Future-Preneurs Zambia|10,000|
|NEST Community Based Organization|6,000|
|Transforming Pastoralist Women Initiative|4,000|
|Vaal Environmental Justice Alliance|8,000|
|Center for Citizens Conserving Environment & Management|5,000|
|DYNAMIQUE POUR LE SUIVI DE L’ACTION PUBLIQUE|5,000|
|Association of Pastoralist Community for Change|5,000|
|Amu Beach Management Unit|4,000|
|Rede Integração Social|3,530|
|Femmes Autochtones et Communautés Locales pour le Développement Durable et||
|Participatif|10,000|
|Association des Femmes Ba’aka de Centrafrique (AFBC)|10,000|
|Women’s International League for Peace and Freedom Zimbabwe Section|10,000|
|Yeraba Women Foundation|5,000|
|Not disclosed for prejudicial reasons|64,779|
|(10 grants for the purposes included in note 11)||
**- 33 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
|**YEAR ENDED 30 JUNE 2023**||
|---|---|
|Grant cancellation from prior period - Observatoire regional de la pollution||
|industrrielle de Sfax ORPIS|(5,000)|
|**Americas**|**555,592**|
|Centro de Reflexión Nim Poqom|5,000|
|Assembly of Indigenous Peoples of the Isthmus in Defense of Land and Territory|5,000|
|International Rivers|14,000|
|International Rivers|5,000|
|Plataforma Social de Derechos Humanos, Memoria y Democracia|7,000|
|Tierra Libre - Instituto Social y Ambiental|7,000|
|Asociación de Afectados por el Proyecto Hidroeléctrico El Quimbo|11,000|
|7 DIRECTIONS OF SERVICE|5,000|
|Earth Guardians|10,000|
|Colectivo de Geografía Crítica Gladys Armijo|7,000|
|Proyecto Socioambiental Dulcepamba|6,000|
|CENTRO CULTURAL “ANTULIÉN”|9,360|
|Fundación Para el Desarrollo de la Cultura Indígena los Pasos del Jaguar|8,000|
|Centro de Educación y Promoción para el Desarrollo Sostenible|10,000|
|La Red por la Defensa del Ri?o Queuco|3,550|
|Fundacion La Hendija|7,000|
|Cooperativa de Trabajo Pulso de Noticias LTDA|7,000|
|Cooperativa de Trabajo Tierra Viva Limitada|7,000|
|Acción por la Biodiversidad|6,900|
|Associação dos Remanescentes de Quilombo do Uruai do Ipixuna|6,378|
|Aleutian Pribilof Islands Association, Inc|8,000|
|Coletivo de Assessoria Cirandas|6,842|
|Serviço de Assistência Rural e Urbano|5,764|
|Comité Indígena Pro-Construcción de Micro Central Hidroeléctrica en Opalaca|6,000|
|Asamblea Popular de Cuisnahuat|5,000|
|Sirsirtara tagnika|7,000|
|Comité de Residuos Sólidos de Guadalupe Carney|5,000|
|Movimiento Ríos Vivos (el Movimiento)/ Asociación de Mujeres defensoras de||
|las aguas y la vida AMARÚD|5,000|
|Cooperativa de Trabajo Reverdecer Ltda. - Frente de Organizaciones en Lucha|5,000|
|Fundación Alejandro Labaka|5,000|
|Trama Tierra Biocolectivo por la Sustentabilidad|4,500|
|Colectivo de Lucha y Defensa por el Agua y la Vida del Cerro el Mozo|5,000|
|Coordinadora Ecuatoriana de Organizaciones para la Defensa de la Naturaleza y el||
|Medio Ambiente|5,000|
|Resistencia a la Minería - Producciones Behiquealto|5,000|
|Radio La Revuelta|5,000|
|Cimarronas, Asociación de Mujeres Afrobolivianas|8,003|
|Consejo de Autoridades Originarias del Cantón Mauri|9,470|
|Corporación Toisan|9,500|
|Fundación Sociedades Sustentables|5,000|
|Associação para a Gestão Socioambiental do Triângulo Mineiro|10,000|
|Fundación Samu´u|7,000|
**- 34 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
|**YEAR ENDED 30 JUNE 2023**||
|---|---|
|Alerta Patagonia|7,000|
|Asociación de Mujeres Feministas Rurales|5,000|
|Instituto Natura|5,000|
|Asociación Mujeres Ambientalistas de El Salvador|5,000|
|Rotaract Club of St. Andrew|3,000|
|Coordinadora Ecuatoriana de Organizaciones para la Defensa de la Naturaleza y el||
|Medio Ambiente|5,000|
|Fundación Kuan-Kuan para el Desarrollo Social, Cultural, y Conservación||
|Sostenible de la Amazonía|10,000|
|Union de afectados y afectadas por Las Operaciones Petroleras por TEXACO|5,000|
|Red de Comunidades Costeras|5,000|
|Colectivo YASUNIDOS|5,000|
|Forum Solidaridad Peru|13,600|
|Red Latinoamericana de Organizaciones de Personas con Discapacidad y sus||
|Familias|15,300|
|Comunidad Indígena Mistolar|7,000|
|Elenco Teatro Aregua|5,150|
|Instituto del Río Negro|7,000|
|Colectivo Atemaxaque|5,086|
|Resistencia a la Minería - Producciones Behiquealto|5,000|
|Gobierno Territorial Autonomo Shawi|10,000|
|Kori Warmis|4,945|
|Fundacion Social Cultural|6,000|
|Colectivo de productores agroecológicos y comercialización solidaria|5,000|
|350 Montana|10,000|
|Not disclosed for prejudicial reasons|127,244|
|(19 grants for the purposes included in note 11)||
|**Asia**|**927,425**|
|Ecumenical Commission on Indigenous Peoples|12,015|
|Laos Dam Investment Monitor|5,000|
|Assembly of the Poor|5,000|
|SAVE Rivers|10,000|
|Mongol Ecology centre|5,000|
|Ecological Observation and Wetlands Conservation|10,000|
|Lsm Green of Borneo|7,500|
|Climate Rangers Jakarta|2,500|
|Fossil Free Jogja|2,500|
|Yayasan Srikandi Lestari|2,500|
|Climate Rangers Surabaya|2,500|
|Tres Cinquenta Pilipinas Inc|15,000|
|Public organization "IKTIDOR"|6,000|
|Initiative group of eco-activists of the Sughd region of the Republic of Tajikistan|5,000|
|Group of Women Advocates for Peace in the Archipelago|4,550|
|Pondok Pesantren Rubaithul Mukhtar|2,500|
|Alrahman Farmers' Multi-purpose Cooperative|2,730|
|Katinnulong Daguiti Umili Iti Amianan Inc.|2,730|
|Teduray Lambangian Youth and Students Association|2,730|
**- 35 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
|**YEAR ENDED 30 JUNE 2023**||
|---|---|
|Samahan ng Kababaihang Dumagat ng Sierra Madre K-Gat Inc|4,549|
|Kahiusahan sa mga Lumulupyo sa Narulang|4,804|
|Persatuan Kesedaran dan Keadilan Iklim Malaysia|7,000|
|Cambodian Independent Civil Servants Association|5,000|
|Sibol Ng Agham At Teknolohiya Inc.|8,000|
|Kilusang Magbubukid ng Pilipinas|5,700|
|Indonesia Disabilities People’s Association – East Kalimantan|10,000|
|Public Youth Environmental Organization “Little Earth”|7,000|
|"Green Kyrgyzstan" initiative group|6,800|
|Wildlife of Uzbekistan|9,229|
|Door Media|7,000|
|The Ecological Society Green Salvation|6,780|
|Public Foundation “Environmental Monitoring and Investigation”|7,000|
|Orchun Community Association|6,940|
|Sazovor|6,900|
|Karaganda Regional Ecological Museum|14,971|
|Dhrubotara Youth Development Foundation|5,500|
|LLC Vecherniy Dushanbe|6,987|
|Public Association ECOM|8,000|
|Public Association ECOM|15,000|
|Rushdi Diyor|6,000|
|Center for Improving Qualified Activity in Live of People with Disabilities|10,000|
|Public Association Naurzum Public Ecological Organization|3,559|
|Public organization Farodis|6,990|
|RTSU Legal Clinic Initiative Group|6,470|
|Initiative group of young farmers|6,000|
|Public association “Support the initiatives”|7,000|
|"AKMENA" Public Association|7,000|
|Humus initiative group in Shaartuz district|6,800|
|Assembly of the Poor|5,000|
|Association of Legal Entities "Association Ecoforum of Kazakhstan"|7,000|
|Indigenous Women Legal Awareness Group|4,000|
|Nepal Water Conservation Foundation for Academic Research|4,000|
|Nepal Environment and Education Development Society|4,000|
|Access Bangladesh Foundation|10,000|
|Participatory Research & Action Network|5,000|
|Living River Association|10,000|
|Open Laboratory of Conservation Biology|6,800|
|Sustainable Environment, Empowerment, and Community Transformation||
|Organization Bangladesh|5,000|
|Youth Center Nepal|5,000|
|Youth for Human Rights Nepal|5,000|
|Not disclosed for prejudicial reasons|537,891|
|(59 grants for the purposes included in note 11)||
|**Europe**|**155,735**|
|"Bulgaria for Transko" NGO|5,000|
|VšI Ekokoncepcij?|10,000|
|Polski Klub Ekologiczny –Okreg Mazowiecki|5,000|
|Earth Thrive|5,000|
**- 36 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 30 JUNE 2023**
|**YEAR ENDED 30 JUNE 2023**||
|---|---|
|Fenntarthatosag Fele Egyesulet|6,000|
|Zemljane Staze|5,000|
|Sevettijärvi and Muddusjärvi Reindeer Cooperatives|15,000|
|The Kairos Project|12,000|
|Armenian Women for Health and Healthy Environment|5,500|
|The Center for Journalistic Research|5,000|
|Non government organization “Agromegapolis”|5,000|
|Human rights and social justice research center|5,000|
|Transcaucasian Trail Association|5,000|
|Innovative Solutions for Sustainable Development of Communities NGO|10,000|
|“Ecological Right” non-governmental organisation|5,000|
|Public organisation «Motherland»|4,000|
|Not disclosed for prejudicial reasons|48,235|
|(9 grants for the purposes included in note 11)||
|**Middle East and North Africa**|**136,500**|
|Ariana Youth Movement|5,500|
|Association for Bird Conservation in Lebanon|10,000|
|Association citoyennete et Developpement durable|5,000|
|Moroccan Association of Protection of Marine Area and Sustainable Development|5,000|
|CENTRE DE DEVELOPEMENT DE LA REGION TEN SIFT|5,000|
|ATEN Gabes|5,000|
|Youth Volunteers Kasserine|5,000|
|Association UNIVERT|10,000|
|Association Atlas pour l’Environnement et le Développement|5,000|
|Habib Ayeb|10,000|
|Yemeni Observatory for Human Rights|10,000|
|Solidarity Association for Development and Communication|5,000|
|Association des résidents du quartier la Siesta Mohammedia|10,000|
|Agricultural Movement In Lebanon|10,000|
|Not disclosed for prejudicial reasons|36,000|
|(4 grants for the purposes included in note 11)||
|**Oceania**|**89,870**|
|Tamil Resources Conservation Trust|5,000|
|Numu Hamo Inland Fishery Association|5,000|
|Crossover Association Trust Board (Incorporated)|5,000|
|Lile Conservation and Development Foundation|5,000|
|Papua New Guinea Rural Development Inc|5,000|
|Padezaka Tribal Rainforest Conservation Area|5,000|
|Koaupweliki Association|5,000|
|Kioa Women's Organization|5,000|
|Resilient Peers Limited|5,000|
|Ngardok Nature Reserve|5,000|
|Lelu Farmers Association|5,000|
|Saint Phillip Youth Organization (SPYO) Inc.|5,000|
|West Coast Development Foundation|6,500|
|Vaitupu Youth Association|5,000|
|iTaukei Women in Conservation|5,000|
**- 37 -**
DocuSign Envelope ID: C70931D6-A916-4C2A-85F5-13F18EF88552
## **GLOBAL GREENGRANTS FUND UK**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
|**NOTES TO THE FINANCIAL STATEMENTS****_(continued)_**||
|---|---|
|**YEAR ENDED 30 JUNE 2023**
Vanuatu Climate Action Network
Pacific Disability Forum
**Total Small Grants Programme**
**Grants to other grantmaking organisations**
**Grants to Global Greengrants Fund Inc**
**TOTAL GRANTS FOR THE PERIOD**|5,370
8,000|
||**3,035,649**
**187,778**
**1,249,435**|
||**4,472,862 **|
**- 38 -**