2025-06-30-accounts

Global Impact UK CIO

Annual Report and Accounts

Year ended 30 June 2025

Charity Registration Number 1168461

Contents

Reports

Reference and administration details of
the charity, its trustees and advisers	1
Report of the trustees	2
Independent auditor’s report	8
Accounts
Statement of financial activities	12
Balance sheet	13
Statement of cash flows	14
Principal accounting policies	15
Notes to the accounts	17

Global Impact UK CIO

Reference and administration details of the charity, its trustees and advisers

Trustees Principal Address Telephone e-mail Charity Registration Number Auditors Bankers Principal Solicitors

Fatima Iqbal (Chair) Sara Cerrell (Vice Chair) Michael Eggers Jeni Elam Scott Jackson David Mole Stephen Polo Ruby Chorbajian Stan Harrell Rachel Weller Buzzacott Audit LLP 130 Wood Street London EC2V 6DL [phone] [e-mail] 1168461 Buzzacott Audit LLP 130 Wood Street London EC2V 6DL MetroBank 120 Cheapside London EC2V 7JB WISE Payments Ltd Worship Square, 65 Clifton Street London EC2A 4JE UK Bates Wells 10 Queen Street Place London EC4R 1BE

Global Impact UK CIO 1

Report of the trustees Year to 30 June 2025

The trustees present their report together with the accounts of Global Impact UK CIO (the “charity”) for the year to 30 June 2025. The report has been prepared in accordance with Part 8 of the Charities Act 2011.

The accounts have been prepared in accordance with the accounting policies set out on pages 156 and 167 and comply with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The principles set out in Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), effective from accounting periods commencing 1 January 2015 or later, have been followed in the preparation of this report and accounts.

Introduction

Global Impact UK CIO is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission and governed by a constitution dated 27 July 2016.

Principal activities, objectives and aims

Global Impact UK's primary purpose is to build partnerships and resources for the world’s most vulnerable people. The organisation provides effective structures and strategies to leverage global philanthropy and helps UK charities and donors support causes and communities, and address crises, throughout the world.

Global Impact UK has a twofold strategic intent: Firstly, to develop tax-advantaged charitable giving within the UK and provide resources to international and local charities. Secondarily, to support and build capacity for private sector and non-profit organisations based in the UK in order to grow their philanthropy and increase their effectiveness.

Global Impact UK is uniquely positioned to serve its intended purpose, to help members of the public and their employers support the work of their favourite charities, and to equip private sector and non-profit organisations with the tools and services they need to achieve their philanthropic goals.

When setting the above objectives, the charity has taken into consideration the Charity Commission’s guidance on public benefit.

Governance, structure and management

Governance

Trustees are selected to steer the organisation towards a sustainable future by adopting sound, ethical and legal governance, and financial management policies, as well as making sure that Global Impact UK has adequate resources to advance its mission.

Trustees are recruited for their specialist skills, knowledge and experience, professional standing and network, and interest in and commitment to the mission of the organisation and its work and are appointed to three-year terms. All new Trustees are provided with a copy of the current version of the constitution and the latest Trustees’ Annual Report and statement of accounts and oriented to the expectations of the role and the ways in which Trustees can

Global Impact UK CIO 2

Report of the trustees Year to 30 June 2025

best engage in order to ensure organisational success.

The role of Trustees is to:

• Ensure Global Impact UK is carrying out its purposes for the public benefit;

• Comply with Global Impact UK’s governing document and the law;

• Act in the best interests of Global Impact UK;

• Manage the resources of Global Impact UK responsibly;

• Act with reasonable care and skill; and,

• Ensure Global Impact UK is accountable.

• To fulfil their role, Trustees support Global Impact UK to:

• Be aware of the powers in the Trustee Act;

• Know insolvency law and its rescue mechanisms and report to the Charity Commission if insolvency occurs;

• Develop a strategic plan;

• Ensure financial solvency, accountability and transparency including determining and properly applying restrictions to funds received;

  • Review and approve an annual budget including a policy on reserves;

  • Ensure effective financial performance, including resources, identifying income streams and identifying risks;

  • Guide all programme-related investments, including a clearly recorded and reviewed investment policy;

  • Ensure all funds received for special purpose are separately managed and accounted for from general funds;

• Review and approve all policies and procedures;

• Prepare an annual report in accordance with charity law and the SORP;

• Ensure compliance with all regulations, including insurance coverage, employer responsibilities; and,

• Ensure that all fundraising on behalf of Global Impact UK and/or its partners has the appropriate agreements in place and follows the standards of fundraising practice as set out by the Fundraising Regulator.

Global Impact UK CIO 3

Report of the trustees Year to 30 June 2025

Global Impact UK is guided by a series of best practices including, but not limited to, the adoption of a business plan, filing an annual report and accounts, conducting an audit or independent examination, maintaining six years of accounting records, and tracking details of substantial donors in accordance with HMRC guidance. Additionally, the organisation is committed to public financial transparency and makes documentation available to the public, including the annual report and accounts.

Trustees’ responsibilities statement

The Trustees are responsible for preparing the trustees’ report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these accounts, the Trustees are required to:

• Select suitable accounting policies and then apply them consistently;

• Observe the methods and principles in Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland (FRS 102);

• Make judgements and estimates that are reasonable and prudent;

• State whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and

• Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, applicable Charity (Accounts and Reports) Regulations and the provisions of the governing document. 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.

Structure and management reporting

The Trustees are ultimately responsible for the policies, activities and assets of the charity. They meet regularly to review developments with regard to the charity or its activities and make any important decisions. When necessary, the trustees seek advice and support from the charity’s professional advisers including investment managers, solicitors and accountants.

Global Impact UK CIO 4

Report of the trustees Year to 30 June 2025

Key management personnel

The Trustees consider that they comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis. The Trustees are supported by staff from Global Impact UK.

The Trustees receive no remuneration in respect of their duties.

Risk management

The trustees undertake an annual review of the principal risks and uncertainties that the charity faces categorizing the risks between those affecting the governance and management of the charity, operational risks, financial risks, reputational risks and those which occur because of circumstances outside of the charity's control such as changes in government policy, laws and regulations. They regularly review the measures already in place, or needing to be put in place, and establish policies, systems and procedures to mitigate those risks identified in the annual review and ensure that action is taken to implement changes to those policies, systems and procedures should they be needed to minimize or manage any potential impact on the charity should those risks materialize.

Having assessed the major risks to which the charity is exposed, the trustees believe that by monitoring reserve levels, by ensuring controls exist over key financial systems, and by examining the operational and business risks faced by the charity, they have established effective systems to mitigate those risks. Key risks for the charity, as identified by the trustees, will continue to be considered and mitigated on an ongoing basis moving forward.

Activities and performance

Global Impact UK expanded its services and activities in the period ended 30 June 2025 in alignment with its business plan and operational objectives. The charity continues to update the administrative and operational processes of the organization each year as well. The increase in client services provided this fiscal year has allowed Global Impact UK to continue to fulfill its primary purpose of building partnerships and resources for the world’s most vulnerable in the UK and around the world.

Global Impact UK is privileged to continue to support our charity partners as they respond to the world’s most pressing challenges, and we will continue to adapt to meet the needs of the charitable sector in the UK and around the world.

Global Impact UK has seen an increase in revenue in this fiscal year, we are preparing for a much larger increase in activity for FY2026. We have increased support for our charitable work with the Global Change Network based in the United Kingdom to support us as needed.

Global Impact UK continues to provide HR and payroll services for two GIUS fiscal sponsorship clients (See note 9). Many new fiscal sponsorship prospects in the US and UK have inquired about Global Impact UK’s HR and payroll services therefore we contracted with a global payroll service company to ensure that we have that we have the capacity to provide these services in FY2027.

Global Impact UK CIO 5

Report of the trustees Year to 30 June 2025

Global Impact UK has committed to expanding its in-country staff capacity to directly support its projects, complemented by continued support from the Global Impact US global team. As part of this effort, two staff members have been added to the Global Impact UK payroll to provide dedicated finance and business services.

Furthermore, Global Impact UK has recruited two new Board members starting in FY2026. The charity continues to refine our Board of Trustees recruitment process and is committed to diversifying membership to best reflect the charitable sector and the causes we represent.

Financial review

Results for the period

During the year ended year to 30 June 2025, the charity generated total income of £ 1,625,442 (2023/24 - £1,098,102) from charitable activities, total income from donations of £35,781 (2023/24 - £Nil) and total expenditure amounted to £1,550,414 (2023/24 - £1,219,882). After exchange rate gains of £21,948 (2023/24 – losses of £442), the funds totaled negative £7,596 (2023/24 – negative £140,353) at 30 June 2025.

Reserves policy

The charity’s balance sheet as at 30 June 2025 showed negative unrestricted reserves of £91,194 (2024 – negative £195,748). These arise as a result of liabilities due to the charity’s affiliated entity Global Impact US. The charity is supported financially by Global Impact US, which has pledged not to request payment of the liabilities until the charity has sufficient funds to meet them. The future goal of the organisation is to have reserves. Progress towards this target will be reviewed and monitored annually.

Restricted Reserves at 30 June 2025 amounted to £83,598 (2024 – £55,395). For more details please see note 10 of the financial statements.

Future plans

As we look ahead, Global Impact UK’s strategic priorities include:

• Work with the Trustees, Global Impact US and Global Change Network to identify business development opportunities;

• Reach out to current Clients to expand the scope of our support for their charitable activities;

• Continue to cultivate prospective Clients; and

• Identify new anchor partners in the UK.

The organisation has a unique blend of experience and philanthropic skill. The charity will expand these services in the UK market through strategic UK partnerships and in country employees in FY 2026 and the coming years.

To be successful, the Global Impact UK team, under guidance of the Trustees, will:

Global Impact UK CIO 6

Report of the trustees Year to 30 June 2025

• Support corporations and foundations that already have a relationship with Global Impact US who are interested in expanding their charitable mission in the UK;

• Connect UK donors to global donors giving to causes and issues worldwide to leverage their impact;

• Expand the existing pipeline through developing proactive prospect knowledge and donor cultivation opportunities, and leveraging integration opportunities between each to maximize relationships;

• Establish a visible effort focused on both partners and donors to increase the number of stakeholders interested in Global Impact UK and potential donors’ charitable causes;

• Continue to diversify membership of the Board of Trustees to reflect the sector and causes which Global Impact UK supports;

• Provide tax receipting, matching functions; and,

• Raise both top line (money distributed to charities) and bottom line (operational money).

Signed on behalf of the trustees [bpLordeSigned by:g—§ Trustee

Approved by the trustees on:

Global Impact UK CIO 7

Independent auditor’s report Year to 30 June 2025

Independent auditor’s report to the trustees of Global Impact UK CIO

Opinion

We have audited the accounts of Global Impact UK CIO (the ‘charity’) for the year ended 30 June 2025 which comprise the statement of financial activities, the balance sheet, the statements of cash flows principal accounting policies and the notes to the accounts. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the accounts:

• give a true and fair view of the state of the charity’s affairs as at 30 June 2025 and of its incoming resources and application of resources for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Charities Act 2011.

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 accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts 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 accounts, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the accounts 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 accounts 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.

Other information

The other information comprises the information included in the annual report, including the trustees’ report, other than the accounts and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the accounts does not cover the other information and we do not express any form of assurance conclusion thereon.

Global Impact UK CIO 8

Independent auditor’s report Year to 30 June 2025

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the accounts themselves. 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.

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 Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

• The information given in the trustees’ report is inconsistent in any material respect with the accounts; or

• Sufficient accounting records have not been kept; or

• The accounts are not in agreement with the accounting records; or

• We have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 4, the trustees are responsible for the preparation of the accounts 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 accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, 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 accounts

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the accounts 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.

Global Impact UK CIO 9

Independent auditor’s report Year to 30 June 2025

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 accounts.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; and

• We obtained an understanding of the legal and regulatory frameworks that are applicable to the charitable company and determined that the most significant frameworks which are directly relevant to specific assertions in the financial statements are those that relate to the reporting framework (Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011); and

• We understood how the charity is complying with those legal and regulatory frameworks by making enquiries of management and those responsible for legal and compliance procedures. We corroborated our enquiries through our review of the minutes of trustees’ meetings and reports from regulatory bodies.

• We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur. Audit procedures performed by the engagement team included:

• Identifying and assessing the design effectiveness of controls in place to prevent and detect fraud; and

• Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process; and

• Identifying and testing journal entries; and

• Making enquiries of management and Trustees as to their knowledge of actual, suspected and alleged fraud.

To address the risk of fraud through management bias and override of controls, we:

• Performed analytical procedures to identify any unusual or unexpected relationships; and

• Performed substantive testing on expenditure; and

Global Impact UK CIO 10

Independent auditor’s report Year to 30 June 2025

tested journal entries to identify unusual transactions

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• Review of the minutes of Trustees; and

Enquiring of management and Trustees as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees 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 trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Buzzacott Audit LLP Statutory Auditor 130 Wood Street London EC2V 6DL

Date 23 April 2026

Buzzacott Audit LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

Global Impact UK CIO 11

Statement of financial activities Year to 30 June 2025

Notes	Restricted funds £	Unrestricted funds £	Total 2025 £	Total 2024 £
Income Donations 1 Charitable activities 2 Expenditure Charitable activities 3 Total expenditure Net income (expenditure) before transfers Transfers between funds Other (losses) gains due to foreign exchange Net movement in funds Reconciliation of funds Total funds brought forward at 1 July 2024 Total funds carried forward at 30 June 2025	— 1,479,329	35,781 146,113	35,781 1,625,442	— 1,098,102
	1,479,329	181,894	1,661,223	1,098,102
	1,452,845	97,569	1,550,414	1,219,882
	1,452,845	97,569	1,550,414	1,219,882
	26,484 1,719 —	84,325 (1,719) 21,948	110,809 — 21,948	(121,780) — (442)
	28,203 55,395	104,554 (195,748)	132,757 (140,353)	(122,222) (18,131)
	83,598	(91,194)	(7,596)	(140,353)

All of the charity’s activities derived from continuing operations during the above financial period.

Global Impact UK CIO 12

Balance sheet 30 June 2025

		2025	2025	2024	2024
	Notes	£	£	£	£
Current assets
Debtors	7	42,298		118,342
Cash at bank		252,962		72,991
		295,260		191,333
Liabilities
Creditors: amounts falling due
within one year	8	(302,856)		(331,686)
Net current assets (liabilities)			(7,596)		(140,353)
Total net assets (liabilities)			(7,596)		(140,353)
Represented by:
Unrestricted funds			(91,194)		(195,748)
Restricted funds			83,598		55,395
Total funds			(7,596)		(140,353)
Approved by the trustees and signed on their behalf by:		Approved by the trustees and signed on their behalf by:	LLby: 34FESD92AB8C4A3...
Trustee Approved on:	4/21/2026

Global Impact UK CIO 13

Statement of cash flows Year to 30 June 2025

Notes Cash flows from operating activities: Net cash (used in) provided by operating activities A Increase (Decrease) in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of theyear B	2025 £ 179,971 179,971 72,991 252,962	2024 £
		(142,891)
		(142,891) 215,882
		72,991

Notes to the statement of cash flows for the year to 30 June 2025.

A	Reconciliation of net movement in funds to net cash used in operating activities 2025 £ 2024 £ Net movement in funds (as per the statement of financial activities) 132,757 (122,222) Adjustments for: Decrease (Increase) in debtors 76,044 (52,540) (Decrease) Increase in creditors (28,830) 31,871 Net cash provided by operating activities 179,971 (142,891)	Reconciliation of net movement in funds to net cash used in operating activities 2025 £ 2024 £ Net movement in funds (as per the statement of financial activities) 132,757 (122,222) Adjustments for: Decrease (Increase) in debtors 76,044 (52,540) (Decrease) Increase in creditors (28,830) 31,871 Net cash provided by operating activities 179,971 (142,891)
	Net movement in funds (as per the statement of financial activities) Adjustments for: Decrease (Increase) in debtors (Decrease) Increase in creditors Net cash provided by operating activities	132,757 76,044 (28,830) 179,971

B Analysis of cash and cash equivalents

Analysis of cash and cash equivalents
	2025 £ 252,962 252,962	2024 £ 72,991 72,991
Cash at bank and in hand Total cash and cash equivalents

C Analysis of changes in net debt

Analysis of changes in net debt
	At 1 July 2024 £	Cash flows £ 179,971 179,971	At 30 June 2025 £ 252,962 252,962
Cash at bank and in hand Total cash and cash equivalents	72,991 72,991

Global Impact UK CIO 14

Principal accounting policies 30 June 2025

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the accounts are laid out below.

Basis of preparation

These accounts have been prepared for the period from 1 July 2024 to 30 June 2025.

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these accounts. The accounts are presented in sterling and are rounded to the nearest pound.

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP (FRS 102) 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

Assessment of going concern

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The trustees have made this assessment in respect to a period of one year from the date of approval of these accounts.

As at 30 June 2025, the charity’s balance sheet showed negative net assets of £ 91,194 (2024 – negative assets of £195,748) in unrestricted funds. These arise solely as a result of liabilities due to Global Impact US and represent the investment provided by Global Impact US for the setup of Global Impact UK. The charity is supported financially by Global Impact US, which has pledged not to request payment of the liabilities until the charity has sufficient funds to meet them.

The trustees of the charity have therefore concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.

Critical accounting estimates and areas of judgement

Other than the assessment of going concern, the preparation of the accounts did not require the trustees to make any significant judgements or estimates.

Income recognition

Income is recognised in the period in which the charity has entitlement to the income, the amount of income can be measured reliably and it is probable that the income will be received.

Income comprises donations, as well as the fees charged by the charity for the services it provides as a donor-advised fund.

Global Impact UK CIO 15

Principal accounting policies 30 June 2025

Donated Services provided to the charity are recognised in the period when it is probable that the economic benefits will flow to the charity, provided that they can be measured reliably. This is normally when the service is provided. An equivalent amount is included in expenditure. Donated services are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services of equivalent economic benefit on the open market.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to make a payment to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Support Costs

Support costs comprise costs incurred in relation to supporting the activities of the charity (including audit costs), and ensuring that they comply with relevant legal and regulatory requirements. Restricted costs have been allocated in line with the relevant activity. Unrestricted costs have been allocated in proportion to the direct costs attributable to each activity.

Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

Cash at bank and in hand

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition.

Creditors

Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors are recognised at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

Fund accounting

The unrestricted funds represent funds available for the general charitable purposes of the charity at the discretion of the trustees. These funds are raised through the fiscal sponsorship administration and management fees paid directly to Global Impact UK.

The restricted funds are monies donated to be redistributed to a specific organisation, thus their use is limited to the purposes intended by the donor.

Global Impact UK CIO 16

Notes to the accounts 30 June 2025

1 Donations

	Restricted funds £	Unrestricted funds £	2025 Total funds £	2024 Total funds £
Donations in Kind – see note 9				— —
	—	35,781	35,781
	—	35,781	35,781

2 Income from charitable activities

	Restricted funds £	Unrestricted funds £	2025 Total funds £	2024 Total funds £
Contributions from third party donors Global Impact US contract Fiscal sponsor management fee Gift aid receivable Fee of services Other income 2025 Total Funds				10,205 1,055,241 15,000 — 13,558 4,098 1,098,102
	361,091	—	361,091
	1,091,374	17,455	1,108,829
	—	119,271	119,271
	26,864	165	27,029
	—	9,222	9,222
	—	—	—
	1,479,329	146,113	1,625,442

	Restricted funds £ Unrestricted funds £ 10,205 — 1,009,683 45,558 — 15,000 — — — 1 — 13,558 — 4,097 1,019,888 78,214	2024 Total funds £
Contributions from third party donors Global Impact US contract Fiscal sponsor management fee Gift aid receivable Interest income Fee of services Other income 2024 Total Funds
		10,205
		1,055,241
		15,000
		—
		1
		13,558
		4,097
		1,098,102

3 Expenditure on charitable activities

Expenditure on charitable activities
	Direct Costs £ 4,102 317,100 17,890 1,037,094 54,113 1,430,299	Allocated Support Costs £	2025 Total funds £	2024 Total funds £
Fiscal Sponsorship Grants to Kilimanjaro Trust Grants to Neela Asmaan Grants to Other beneficiaries Global Impact US contracts Salaries Other
		280	4,382	151,392
		41,048	358,148	—
		4,348	22,238	—
		—	1,037,094	955,320
		74,439	128,552	113,170
		120,115	1,550,414	1,219,882

Global Impact UK CIO 17

Notes to the accounts 30 June 2025

	Direct Costs £	Allocated Support Costs £	2024 Total funds £
Fiscal Sponsorship Grants to Kilimanjaro Trust FCDO Project (Global Impact US contract) Salaries Other
	141,933	9,459	151,392
	955,320	—	955,320
	52,058	61,112	113,170
	1,149,311	70,571	1,219,882

4 Analysis of Support Costs

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2025 2024
£ £
Fees payable to Auditor:
. Audit 13,900 13,150
. Other 7,811 6,675
Legal and Professional Fees 6,291 2,759
Donation in Kind – See note 9 35,781 —
Other 56,332 47,987
120,115 70,571
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In the year to 30 June 2025 £ 22,545 (2024 - £384) of the allocated support costs were restricted. All other support costs were unrestricted.

5 Staff costs and remuneration of trustees and key management personnel

	2025 Total £	2024 Total £
Salaries and wages Social security costs Pension costs		811,585 91,936 51,799 955,320
	877,351
	98,698
	61,045
	1,037,094

The number of employees who earned more than £60,000 during the year were as follows:

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2025 2024
No. No.
£60,001 - £70,000 4 3
£70,001 - £80,000 — 1
£80,001 - £90,000 1 1
£90,001 - £100,000 1 1
£100,001 - £110,000 1 1
£110,001 - £120,000 1 —
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The average number of employees (full-time equivalent) during the year was 13 (2024 – 12).

Global Impact UK CIO 18

Notes to the accounts 30 June 2025

The trustees consider that they comprise the key management of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. The trustees receive no remuneration or reimbursement of expenses in connection with their duties.

6 Taxation

Global Impact UK CIO is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

7 Debtors

	2025 £	2024 £
Accounts receivable Accrued income Prepayments		114,002 925 3,415 118,342
	13,153
	27,954
	1,191
	42,298

8 Creditors due in less than one year

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2025 2024
£ £
Amounts due to Global Impact US 246,635 277,901
Trade creditors 9,831 31,716
Accruals 34,009 14,559
VAT Liability 5,250 —
Pension creditor 7,131 7,510
302,856 331,686
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9 Related party transactions

Global Impact US is considered a related party of the charity by virtue of a common trustee (Scott Jackson) and common management. A total of £ 246,635 (2024 – £277,901) was owed by the charity to Global Impact US at the balance sheet date.

Global Impact US is the fiscal sponsor of OpenOwnership, which is working on a project funded by the UK Foreign Commonwealth and Development Office (FCDO). GIUK has been contracted out by Global Impact US to work on this project. Global Impact pays for the staff costs and other related office costs incurred by GIUK in relation to this project. During 2024/25, total income received under this arrangement was £ 971,936 (2024 - £1,055,241).

Global Impact US has also contracted GIUK to work on its project with International Alliance of Mental Health Research (IAMHR). During 2024/25 total income received under this arrangement was £119,438 (2023/24 - £nil).

Global Impact US provide central office services to GIUK. During the year, £35,781 (2023/24 - £Nil) was donated to GIUK under this arrangement. The cost has been recognised as a support cost.

Global Impact UK CIO 19

Notes to the accounts 30 June 2025

Sara Cerrell is the founder and managing director of Global Change Network who provide consultancy services to Global Impact UK. During 2024/25 the total amounts paid to Global Network Change for these services was £31,200 (2023/24 - £20,161). Sara Cerrell did not participate in discussions confirming the renewal of the services agreement.

10 Analysis of net assets between funds

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2025
Restricted Unrestricted Total
funds funds funds
£ £ £
Fund balances at 30 June 2025 are represented by:
Debtors: amounts falling due within one year 27,954 14,344 42,298
Cash at bank and short term deposits 76,927 176,035 252,962
Creditors: amounts falling due within one year (21,283) (281,573) (302,856)
83,598 (91,194) (7,596)
2024
Restricted Unrestricted Total
funds funds funds
£ £ £
Fund balances at 30 June 2024 are represented by:
Debtors: amounts falling due within one year 110,915 7,427 118,342
Cash at bank and short term deposits (46,131) 119,122 72,991
Creditors: amounts falling due within one year (9,389) (322,297) (331,686)
55,395 (195,748) (140,353)
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11 Movement in funds

Movement in funds
	Balance at 1 July 2024 £	Income £	Expenditure £	Gains & losses (exchange rates) and transfers £	Balance at 30 June 2025 £
Restricted funds (fiscal sponsorships): . Gates Philanthropy . Kilimanjaro Blind Trust . Ngir Gambia . BrightFund . LightEn .NeelaAsmaan Open Ownership IAMHRF Total restricted Unrestricted funds Total funds					52,349 — — 4,075 — 18,428 8,534 212
	43,426	11,803	(2,880)	—
	2,383	—	(4,102)	1,719
	1	—	(1)	—
	1,006	20,703	(17,634)	—
	—	504	(504)	—
	—	354,945	(336,517)	—
	8,579	971,936	(971,981)	—
	—	119,438	(119,226)	—
	55,395	1,479,329	(1,452,845)	1,719	83,598
					(91,194) (7,596)
	(195,748)	181,894	(97,569)	20,229
	(140,353)	1,661,223	(1,550,414)	21,948

Gates Philanthropy Partners (GPP) works to reduce inequities by supporting access to

Global Impact UK CIO 20

Notes to the accounts 30 June 2025

healthcare, education, and economic mobility.

Kilimanjaro Blind Trust Africa (KBTA) ensures that every student with a vision impairment advances in education through access to a functioning braille machines, adequate supply of braille paper, and appropriate assistive technology.

Open Ownership (OO) helps countries generate high quality data on company ownership that complies with international standards and meets the needs of data users across government, civil society, and the private sector and supports people and organisations to use this data to build trust as well as reducing corruption and tax evasion.

Neela Asmaan Foundations is an artist residency program in Pakistan’s Shigar Valley. This charitable program creates a retreat for filmmakers, photographers and artists with a focus on nature and community engagement. Neela Asmaan foundation promotes global cultural exchange for international collaborations and workshops for local artists.

Bright Funds Foundation exists to empower people to be meaningful, effective and engaged philanthropists. Their online donation platforms are tailored to increase both the quality and quantity of philanthropy dedicated to addressing the world’s most pressing social and environmental issues.

International Alliance of Mental Health Research Funders (IAMHRF) is a global alliance of funders united by a shared mission to drive impactful mental health research that transforms lives. Through collaboration, knowledge sharing, and strategic funding alignment, IAMHRF works to accelerate innovation and address critical gaps in mental health research worldwide.

12 Post balance sheet events

There were no events which occurred after the balance sheet date which could materially affect the accounts.

Global Impact UK CIO 21