2022-12-31-accounts

RegisteredNo	10665679- CompanyLimitedbyGuarantee
Registeredcharitynumber	1175658
Charityname	TheGiobalSteeringGroupforImpactInvestment
Board	Boardmembersatdateofsigning
	SirRonaidCohen(Chairto18April2023,Presidentthereafter}
	RtHonNicholasHurd(appointed21March2023,electedChairfrom
	18April2023)
	MrJuanBernal
	MsNicolaCobbold
	MrCyrilleLangendorff
	MrEliasMasileta
	MrNicholasO'Donohoe
	MsTracyPalandjian
	MsMariaLauraTinelli
	MsIbukunAwosika{appointed23November2022)
	ProfessorChulWooMoon(appointed23Novernber2022)
	MsShannonMusic(appointed23November2022)
ChiefExecutiveOfficer	MrCliffordPrior
Registeredoffice	ThirdFloor
	20OldBailey
	London
	EC4M7AN
Bankers	NationalWestminsterBankPic
	46NottingHillGate
	Kensington
	London
	W113HZ
Lawyers	ForstersLLP
	31HillStreet
	London
	WJ5LS
Auditors	SafferyChampnessLLP
	71QueenVictoriaStreet
	London
	EC4V4BE

31 August 2023

	Notes	Unrestricted	Restricted	Restricted	Total	Total
		Funds		Funds	Funds	Funds
		2022		2022	2022	2021
		£		£	£	£
Incomeandendowments
from:
-CharitableActivities		11,860		-	11,860	4,700
-Grantsanddonations	3	2,359,979		537,188	2,897,167	2,096,226
-Summitpasses		19,283		-	19,283	44,486
-Total TradingActivities		2,391,122 33,675		537,188 -	2,928,310 33,675	2,145,412 111,801
Total		2,424,797		537,188	2,961,985	2,257,213
Expenditureon:	4
-Raisingfunds		148,207		-	148,207	100,349
-Charitableactivities		1,248,898		206,559	2,055,457	1,957,609
-Tradingactivities		3,072		-	3,072	9,635
Total		1,400,177		806,559	2,206,736	2,067,593
Netincome/ (expenditure)
fortheyear		1,024,620	(269,371)		755,249	189,620
Transfersbetweenfunds		(4,365)		4,365	-	=
Netmovementonfunds		1,020,255	{265,006}		755,249	189,620
Reconciliationoffunds
Totalfundsbroughtforward		1,008,810		326,867	1,335,677	1,146,057
Totalfundscarriedforward
	13	2,029,065		61,861	2,090,926	1,335,677
TheStatementofFinancialActivitiesincludesallgainsandlossesin				theperiod.
Alloftheaboveamountsrelate	tocontinuingactivities.
Thenotesonpages22to35formpartofthesefinancialstatements.

29

29

		2022		2021
	£		£
Profitfromoperations	755,249		189,620
Adjustmentsfor -Depreciation -Lossondisposalofassets Operatingprofitbeforeworkingcapital	3,050 498 758,797		2,930 192,550
changes -(Increase}/Decreaseindebtors -Increase/{Decrease)increditors	(180,288) (57,936)		80,859 117,246
Cashgeneratedfromoperations	520,573		390,655
Interestpaid Netcashfromoperatingactivities		520,573		390,655
Cashflowsfrominvestingactivities
-Acquisitionofshares
-Purchaseofassets Netcashusedininvestingactivities	(1,581)		(1,917)	(1,917)
Cashflowsfromfinancingactivities
Netincrease/(decrease)incashand
cashequivalents
Cashandcashequivalentsatstartof		1,446,424		1,057,686
year
Cashandcashequivalentsatendof		1,965,416		1,446,424
year

Criticalaccountingjudgementsandkeysourcesofestimationuncertainty intheapplication oftheCompany'saccountingpoliciestheTrusteesarerequiredtomake judgements,estimates,assessmentsandassumptionsaboutthecarryingamountofassetsand liabilitiesthatarenotreadilyapparentfromothersources. Theestimatesarerecognisedinthe periodinwhichtheestimateisrevisedwherethatrevisionaffectsonlythatperiod,orintheperiod ofrevisionandfutureperiodswheretherevisionaffectsbothcurrentandfutureperiods.	Criticalaccountingjudgementsandkeysourcesofestimationuncertainty intheapplication oftheCompany'saccountingpoliciestheTrusteesarerequiredtomake judgements,estimates,assessmentsandassumptionsaboutthecarryingamountofassetsand liabilitiesthatarenotreadilyapparentfromothersources. Theestimatesarerecognisedinthe periodinwhichtheestimateisrevisedwherethatrevisionaffectsonlythatperiod,orintheperiod ofrevisionandfutureperiodswheretherevisionaffectsbothcurrentandfutureperiods.	Criticalaccountingjudgementsandkeysourcesofestimationuncertainty intheapplication oftheCompany'saccountingpoliciestheTrusteesarerequiredtomake judgements,estimates,assessmentsandassumptionsaboutthecarryingamountofassetsand liabilitiesthatarenotreadilyapparentfromothersources. Theestimatesarerecognisedinthe periodinwhichtheestimateisrevisedwherethatrevisionaffectsonlythatperiod,orintheperiod ofrevisionandfutureperiodswheretherevisionaffectsbothcurrentandfutureperiods.	Criticalaccountingjudgementsandkeysourcesofestimationuncertainty intheapplication oftheCompany'saccountingpoliciestheTrusteesarerequiredtomake judgements,estimates,assessmentsandassumptionsaboutthecarryingamountofassetsand liabilitiesthatarenotreadilyapparentfromothersources. Theestimatesarerecognisedinthe periodinwhichtheestimateisrevisedwherethatrevisionaffectsonlythatperiod,orintheperiod ofrevisionandfutureperiodswheretherevisionaffectsbothcurrentandfutureperiods.	Criticalaccountingjudgementsandkeysourcesofestimationuncertainty intheapplication oftheCompany'saccountingpoliciestheTrusteesarerequiredtomake judgements,estimates,assessmentsandassumptionsaboutthecarryingamountofassetsand liabilitiesthatarenotreadilyapparentfromothersources. Theestimatesarerecognisedinthe periodinwhichtheestimateisrevisedwherethatrevisionaffectsonlythatperiod,orintheperiod ofrevisionandfutureperiodswheretherevisionaffectsbothcurrentandfutureperiods.
incomefromcharitableactivities— grantsanddonations
	2022		2021
	£		£
	Group		Group
Unrestrictedincome	2,359,979	1,029,417
Restrictedincome
FordFoundationAsia	-		219,618
G7Taskforce(FCDO})	-		400,000
EQTFoundation	-		42,468
HewlettFoundation	-		286,757
AfricaNABDevelopment	-		117,966
{(FCDO/DFID)
lkeaG7	205,000			-
MacArthur/WEF IDRCGAC C3— CatalyticCapital	26,779 203,432 101,977			- - -
Consortiumfundingfor
informalsettlements	~537,188	—«:1,066,809
TotalGrantsandDonations	2,397,167	2,096,226

4.	Expenditure
		Staffcosts		Direct	Support	Governance	Total
				costs	costs	costs
			£	£	£	£	£
	2022
	RaisingFunds	148,207		-	-		148,207
	Charitable	1,386,253		640,977	1,812	26,415	2,055,457
	Activities
	Trading		-	-	709	2,363	3,072
	Activities
		1,534,460		640,977	2,521	28,778	2,206,736
	2021
	RaisingFunds	100,349		-	-	-	100,349
	Charitable	1,259,970		530,578	137,331	29,730	1,957,609
	Activities
	Trading		-	-	4,185	5,450	5,635
	Activities
		1,360,319		530,578	141,516	35,180	2,067,593
5.	Governancecosts
						2022	2021
						£	£
	Legalandprofessionalfees					10,128	20,609
	Auditfees					18,650	14,571
						28,778	35,180
6.	Staffcosts
						2022	2021
						£	£
	Salariesandfixed	termstaff(Overseas)				569,960	445,088
	Salaries(UK}					802,227	769,435
	SocialSecurityCosts(UKand		Overseas}			151,507	134,933
	PensionCosts					10,776	10,868
						1,534,460	1,360,319

						2022	2021
						£	£
Employeeswith Employeeswith Employeeswith Employeeswith Employeeswith Employeeswith	remunerationin remunerationin remunerationin remunerationin remunerationin remunerationin	the the the the the the	range£60,000 range£70,000 range£80,000 range£110,000 range£140,000 range£150,000	- - -	£69,999 £79,999 £89,999 -£119,999 -£149,999 -£159,999	3 2 1 1 - 1	2 2 1 - 1

	2022	2021
	£	£
Netincomeisstatedaftercharging
Depreciation	3,050	2,930
Auditors’remuneration:
- Auditfees	18,650	14,571

ngiblefixedassets
	OfficeEquipment	Total
	£	£
	Group& Charity	Group&
		Charity
Cost
At1 January2022	12,703	12,703
Additions	1,581	1,581
Disposals	(1,781)	(1,781)
At31December2022	12,503	12,503
Depreciation
At1 January2022	7,764	7,764
Chargeforyear	3,050	3,050
Disposals	{1,283}	{1,283)
At31December2022	9,531	9,531
NetBookValue
At1 January2022	4,939	4,939
At31December2022	2,972	2,972

10.	Debtors
			2022		26022		2021		2021
			£		£		£		£
			Group		Charity		Group		Charity
	Prepaymentsandaccruedincome Tradereceivables Tradereceivables- intercompany Otherdebtors		32,053 220,917 - 13,685 266,655		32,053 195,937 - 17,285 245,275		22,968 60,000 - 3,399 86,367		22,968 60,000 11,015 3,399 97,382
11.	Creditors:amounts	fallingduewithinone	year
			2022		2022		2021		2021
			E		£		£		£
			Group		Charity		Group		Charity
	Accountspayable Accountspayable Othercreditors Accruals	-intercompany	42,077 893 50,864	-	42,077 893 50,864	-	75,939 15,086 53,328	-	75,939 15,086 50,128	-
	Corporationtaxprovision Bakothertaxesandsocialsecurity		50,283	-	30,280	-	3,600 54,100		34,097	-
			144,117		124,114		202,053		175,250

Group	Opening	Incoming	Outgoing	Transfers	Closing
	balance	resources	resources		balance
	E	£	£	£	£
2022
Restricted
Funds
Ford	221,166	:	(222,911)	1,745	-
FoundationAsia
EQTFoundation	17,090	-	(17,886)	796	-
Hewlett	88,611	-	(89,420)	809	-
Foundation
ikeaG7 IDRCGAC	- -	205,000 203,432	(205,069) (242,223)	69 -	- (38,791)
C3- Catalytic	-	101,977	-	{1,325}	100,652
Capital
Consortium
fundingfor
Informal
Settlements
MacArthur/WEF	-	26,779	(29,050)	2,271	-
TotalRestricted	326,867	537,188	(806,559)	4,365	61,861
Funds
Unrestricted	1,008,810	2,424,797	(1,400,177)	(4,365)	2,029,065
Funds
TotalFunds	1,335,677	2,961,985	(2,206,736)	-	2,090,926

Group	Opening balance	Incoming resources	Outgoing resources	Transfers		Closing balance
	£	E	£	E		£
2021
Restricted
Funds
Ford FoundationAsia	-	219,618	1,548	-		221,166
G7Taskforce {FCDO) EQTFoundation	- -	400,000 42,468	(403,609) (25,378)	3,609 -		- 17,090
Hewlett Foundation	-	286,757	(198,146)	-		88,611
OpenSociety Foundations	32,667	-	(37,006)	4,339		-
AfricaNAB Development	.	117,966	(118,471)	505		-
TotalRestricted Funds	32,667	1,066,809	(781,062)	8,453		326,867
Unrestricted Funds	1,113,390	1,190,404	(1,286,531)	(8,453)		1,008,810
TotalFunds	1,146,057	2,257,213	(2,067,593)		-	1,335,677

Group	Unrestricted Funds £	Restricted Funds E	2022 Total £	Unrestricted Funds £	Restricted Funds £		2021 Total £
Fixed	2,972	-	2,972	4,939	-		4,939
assets
Current assets	2,152,169	73,902	2,232,071	1,110,414	422,377		1,532,791
Current liabilities	126,076	18,041	144,117	106,543	95,510		202,053
Net Current	2,026,093	61,3861	2,087,954	1,003,871	326,867		1,330,738
assets
Netassets	2,029,065	61,861	2,090,926	1,008,310	326,867		1,335,677
Charity	Unrestricted Funds	Restricted Funds	2022 Total	Unrestricted Funds	Restricted Funds		2021 Total
	£	£	£	£	£		£
Fixedassets	2,972		2,972	4,939			4,939
Investment	100	-	100	100		-	100
$
Current assets	2,078,062	73,902	2,157,964	992,361	422,377		1,414,738
Current liabilities	106,073	18,041	124,114	79,740	95,510		175,250
Netcurrent assets	1,971,989	61,861	2,033,850	912,621	326,867		1,239,488
Netassets	1,975,061	61,861	2,036,922	$17,659	326,867		1,244,526

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
		£	£	£
	Incomeandendowmentsfrom:
	Charitableactivities	4,700		4,700
	Grantsanddonations	1,029,417	1,066,809	2,096,226
	GiobalSummitpasses	44,486	-	44,486
	Sub-Total	1,078,603	1,066,809	2,145,412
	Tradingactivities	111,801	-	111,801
	Total	1,190,404	1,066,809	2,257,213
	Expenditureon:
	Raisingfunds	100,349	-	100,349
	Charitableactivities	1,176,547	781,062	1,957,609
	Tradingactivities
	Total	1,286,531	781,062	2,067,593
	Netincome/(expenditure)fortheyear	(96,127)	285,747	189,620
	Transfersbetweenfunds
		(8,453)	8,453	.
	Netmovementonfunds	(104,580)	294,200	189,620
	Reconciliationoffunds
	Totalfundsbrought forward	1,113,390	32,667	1,146,057
	Totalfundscarriedforward	1,008,810	326,867	1,335,677
15.	Analysisofchangeinnetdebt
		At startof	NetCash	Atendof
		year	flows	year
		£	£	£
	Cash	1,446,424	518,992	1,965,416
	Total	1,446,424	518,992	1,965,416