## 

## 



|`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`|





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# 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`<br>`TradingActivities`||<br>`2,391,122`<br>`33,675`||<br>`537,188`<br>`-`|<br>`2,928,310`<br>`33,675`|<br>`2,145,412`<br>`111,801`|
|`Total`||<br>`2,424,797`||<br>`537,188`|<br>`2,961,985`|<br>`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`||<br>`1,400,177`||<br>`806,559`|<br>`2,206,736`|<br>`2,067,593`|
|`Netincome/ (expenditure)`|||||||
|`fortheyear`||`1,024,620`|`(269,371)`||`755,249`|`189,620`|
|`Transfersbetweenfunds`||<br>`(4,365)`||<br>`4,365`|<br>`-`|<br>`=`|
|`Netmovementonfunds`||`1,020,255`|`{265,006}`||`755,249`|`189,620`|
|`Reconciliationoffunds`|||||||
|`Totalfundsbroughtforward`||<br>`1,008,810`||<br>`326,867`|<br>`1,335,677`|<br>`1,146,057`|
|`Totalfundscarriedforward`|||||||
||`13`|`2,029,065`<br>||`61,861`<br>|`2,090,926`<br>|`1,335,677`<br>|
|`TheStatementofFinancialActivitiesincludesallgainsandlossesin`||||`theperiod.`|||
|`Alloftheaboveamountsrelate`|`tocontinuingactivities.`||||||
|`Thenotesonpages22to35formpartofthesefinancialstatements.`|||||||





29 



29 



## 

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






## 



## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

|`Criticalaccountingjudgementsandkeysourcesofestimationuncertainty`<br>`intheapplication`<br>`oftheCompany'saccountingpoliciestheTrusteesarerequiredtomake`<br>`judgements,estimates,assessmentsandassumptionsaboutthecarryingamountofassetsand`<br>`liabilitiesthatarenotreadilyapparentfromothersources.`<br>`Theestimatesarerecognisedinthe`<br>`periodinwhichtheestimateisrevisedwherethatrevisionaffectsonlythatperiod,orintheperiod`<br>`ofrevisionandfutureperiodswheretherevisionaffectsbothcurrentandfutureperiods.`|`Criticalaccountingjudgementsandkeysourcesofestimationuncertainty`<br>`intheapplication`<br>`oftheCompany'saccountingpoliciestheTrusteesarerequiredtomake`<br>`judgements,estimates,assessmentsandassumptionsaboutthecarryingamountofassetsand`<br>`liabilitiesthatarenotreadilyapparentfromothersources.`<br>`Theestimatesarerecognisedinthe`<br>`periodinwhichtheestimateisrevisedwherethatrevisionaffectsonlythatperiod,orintheperiod`<br>`ofrevisionandfutureperiodswheretherevisionaffectsbothcurrentandfutureperiods.`|`Criticalaccountingjudgementsandkeysourcesofestimationuncertainty`<br>`intheapplication`<br>`oftheCompany'saccountingpoliciestheTrusteesarerequiredtomake`<br>`judgements,estimates,assessmentsandassumptionsaboutthecarryingamountofassetsand`<br>`liabilitiesthatarenotreadilyapparentfromothersources.`<br>`Theestimatesarerecognisedinthe`<br>`periodinwhichtheestimateisrevisedwherethatrevisionaffectsonlythatperiod,orintheperiod`<br>`ofrevisionandfutureperiodswheretherevisionaffectsbothcurrentandfutureperiods.`|`Criticalaccountingjudgementsandkeysourcesofestimationuncertainty`<br>`intheapplication`<br>`oftheCompany'saccountingpoliciestheTrusteesarerequiredtomake`<br>`judgements,estimates,assessmentsandassumptionsaboutthecarryingamountofassetsand`<br>`liabilitiesthatarenotreadilyapparentfromothersources.`<br>`Theestimatesarerecognisedinthe`<br>`periodinwhichtheestimateisrevisedwherethatrevisionaffectsonlythatperiod,orintheperiod`<br>`ofrevisionandfutureperiodswheretherevisionaffectsbothcurrentandfutureperiods.`|`Criticalaccountingjudgementsandkeysourcesofestimationuncertainty`<br>`intheapplication`<br>`oftheCompany'saccountingpoliciestheTrusteesarerequiredtomake`<br>`judgements,estimates,assessmentsandassumptionsaboutthecarryingamountofassetsand`<br>`liabilitiesthatarenotreadilyapparentfromothersources.`<br>`Theestimatesarerecognisedinthe`<br>`periodinwhichtheestimateisrevisedwherethatrevisionaffectsonlythatperiod,orintheperiod`<br>`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`<br>`IDRCGAC`<br>`C3— CatalyticCapital`|`26,779`<br>`203,432`<br>`101,977`|||`-`<br>`-`<br>`-`|
|`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`|||||||
|||<br>`1,534,460`||<br>`640,977`|<br> <br>`2,521`|<br> <br>`28,778`|<br> <br>`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`|||||||
|||<br>`1,360,319`|<br>|<br>`530,578`|<br> <br>`141,516`|<br> <br>`35,180`|<br> <br>`2,067,593`|
|`5.`|`Governancecosts`|||||||
|||||||`2022`|`2021`|
|||||||`£`|`£`|
||`Legalandprofessionalfees`|||||`10,128`|`20,609`|
||`Auditfees`|||||`18,650`|`14,571`|
|||||||<br>`28,778`|<br>`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`|
|||||||<br>`1,534,460`|<br>`1,360,319`|





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



## 

||`2022`|`2021`|
|---|---|---|
||`£`|`£`|
|`Netincomeisstatedaftercharging`|||
|`Depreciation`|`3,050`|`2,930`|
|`Auditors’remuneration:`|||
|`-`<br>`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`|<br>`12,503`|<br>`12,503`|
|`Depreciation`|||
|`At1 January2022`|`7,764`|`7,764`|
|`Chargeforyear`|`3,050`|`3,050`|
|`Disposals`|`{1,283}`|`{1,283)`|
|`At31December2022`|<br>`9,531`|<br>`9,531`|
|`NetBookValue`|||
|`At1 January2022`|`4,939`|`4,939`|
|`At31December2022`|`2,972`|`2,972`|





## 

## 

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





## 

## 

|`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`<br>`IDRCGAC`|`-`<br>`-`|`205,000`<br>`203,432`|`(205,069)`<br>`(242,223)`|`69`<br>`-`|`-`<br>`(38,791)`|
|`C3- Catalytic`|`-`|`101,977`|`-`|`{1,325}`|`100,652`|
|`Capital`||||||
|`Consortium`||||||
|`fundingfor`||||||
|`Informal`||||||
|`Settlements`||||||
|`MacArthur/WEF`|`-`|`26,779`|`(29,050)`|`2,271`|`-`|
|`TotalRestricted`|<br>`326,867`|<br>`537,188`|<br>`(806,559)`|<br>`4,365`|<br>`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`<br>`balance`|`Incoming`<br>`resources`|`Outgoing`<br>`resources`|`Transfers`||`Closing`<br>`balance`|
|---|---|---|---|---|---|---|
||`£`|`E`|`£`|`E`||`£`|
|`2021`|||||||
|`Restricted`|||||||
|`Funds`|||||||
|`Ford`<br>`FoundationAsia`|`-`|`219,618`|`1,548`|`-`||`221,166`|
|`G7Taskforce`<br>`{FCDO)`<br>`EQTFoundation`|`-`<br>`-`|`400,000`<br>`42,468`|`(403,609)`<br>`(25,378)`|`3,609`<br>`-`|<br>|`-`<br>`17,090`|
|`Hewlett`<br>`Foundation`|`-`|`286,757`|`(198,146)`|`-`||`88,611`|
|`OpenSociety`<br>`Foundations`|`32,667`|`-`|`(37,006)`|`4,339`||`-`|
|<br>`AfricaNAB`<br>`Development`|<br>`.`|<br>`117,966`|<br>`(118,471)`|<br>`505`|<br>|<br>`-`|
|<br>`TotalRestricted`<br>`Funds`|<br>`32,667`|<br>`1,066,809`|<br>`(781,062)`|<br>`8,453`|<br>|<br>`326,867`|
|`Unrestricted`<br>`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`<br>`Funds`<br>`£`|`Restricted`<br>`Funds`<br>`E`|`2022`<br>`Total`<br>`£`|`Unrestricted`<br>`Funds`<br>`£`|`Restricted`<br>`Funds`<br>`£`||`2021`<br>`Total`<br>`£`|
|---|---|---|---|---|---|---|---|
|`Fixed`|`2,972`|`-`|`2,972`|`4,939`|`-`||`4,939`|
|`assets`||||||||
|`Current`<br>`assets`|`2,152,169`|`73,902`|`2,232,071`|`1,110,414`|`422,377`||`1,532,791`|
|`Current`<br>`liabilities`|`126,076`|`18,041`|`144,117`|`106,543`|`95,510`||`202,053`|
|`Net`<br>`Current`<br>|<br>`2,026,093`|<br>`61,3861`|<br>`2,087,954`|<br>`1,003,871`|<br>`326,867`|<br>|<br>`1,330,738`|
|`assets`<br>||||||||
|`Netassets`|`2,029,065`|`61,861`|`2,090,926`|`1,008,310`|`326,867`||`1,335,677`|
|`Charity`|`Unrestricted`<br>`Funds`|`Restricted`<br>`Funds`|`2022`<br>`Total`|`Unrestricted`<br>`Funds`|`Restricted`<br>`Funds`|<br>|`2021`<br>`Total`|
||`£`|`£`|`£`|`£`|`£`||`£`|
|`Fixedassets`|`2,972`||`2,972`|`4,939`|||`4,939`|
|`Investment`|`100`|`-`|`100`|`100`||`-`|`100`|
|`$`||||||||
|`Current`<br>`assets`|`2,078,062`|`73,902`|`2,157,964`|`992,361`|`422,377`||`1,414,738`|
|`Current`<br>`liabilities`|`106,073`|`18,041`|`124,114`|`79,740`|`95,510`||`175,250`|
|`Netcurrent`<br>`assets`|<br> <br>`1,971,989`|<br> <br>`61,861`|<br> <br>`2,033,850`|<br> <br>`912,621`|<br> <br>`326,867`|<br> <br>|<br> <br>`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`|<br>`1,078,603`|<br>`1,066,809`|<br>`2,145,412`|
||`Tradingactivities`|`111,801`|`-`|`111,801`|
||`Total`|<br>`1,190,404`|<br>`1,066,809`|<br>`2,257,213`|
||`Expenditureon:`||||
||`Raisingfunds`|`100,349`|`-`|`100,349`|
||`Charitableactivities`|`1,176,547`|`781,062`|`1,957,609`|
||`Tradingactivities`||||
||`Total`|<br>`1,286,531`|<br> <br>`781,062`|<br> <br>`2,067,593`|
||`Netincome/(expenditure)fortheyear`|<br>`(96,127)`|<br> <br>`285,747`|<br> <br>`189,620`|
||`Transfersbetweenfunds`||||
|||`(8,453)`|`8,453`|`.`|
||`Netmovementonfunds`|<br>`(104,580)`|<br> <br>`294,200`|<br> <br>`189,620`|
||`Reconciliationoffunds`||||
||`Totalfundsbrought forward`|`1,113,390`|`32,667`|`1,146,057`|
||`Totalfundscarriedforward`|<br>`1,008,810`|<br> <br>`326,867`|<br> <br>`1,335,677`|
|`15.`|`Analysisofchangeinnetdebt`||||
|||`At startof`|`NetCash`|`Atendof`|
|||`year`|`flows`|`year`|
|||`£`|`£`|`£`|
||`Cash`|<br>`1,446,424`|<br>`518,992`|<br>`1,965,416`|
||`Total`|`1,446,424`|`518,992`|`1,965,416`|





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