**COMPANY REGISTRATION NUMBER: CE012722 CHARITY REGISTRATION NUMBER: 1176359** 

## **GMC Charity to End FGM Company Limited by Guarantee Unaudited Financial Statements** 

**30 June 2023** 

## **CHARLTON BAKER LIMITED** 

Chartered accountants 7-7c Snuff Street Devizes Wiltshire England SN10 1DU 



## **GMC Charity to End FGM** 

## **Company Limited by Guarantee** 

## **Financial Statements** 

## **Year ended 30 June 2023** 

||**Pages**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1 to 4**|
|Independent examiner's report to the trustees|**5 to 6**|
|Statement of financial activities (including income and||
|expenditure account)|**7**|
|Statement of financial position|**8**|
|Statement of cash flows|**9**|
|Notes to the financial statements|**10 to 16**|
|**The following pages do not form part of the financial statements**||
|Detailed statement of financial activities|**18**|





**GMC Charity to End FGM** 

## **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 unaudited financial statements of the charity for the year ended 30 June 2023. 

## **Objectives and strategy** 

Our **Charitable purpose** , as set out in the objects contained in the Charity’s Memorandum of Association, is “For the public benefit to promote the education and training of people working in journalistic media in Africa and across the world, to enable them more effectively to raise awareness of the dangers to physical and mental health, caused by the practice of Female Genital Mutilation”. 

## **How our activities deliver public benefit.** 

Our main activities and who we try to help are described below. All our charitable activities focus on tackling Female Genital Mutilation (FGM) and are undertaken to further our charitable purposes for the public benefit. 

Our **Vision** is to accelerate the abandonment of Female Genital Mutilation worldwide, through use of the media. 

Our **Mission** is to do this by empowering activists and other impact partners to use influencers such as religious leaders, traditional elders, to create anti-FGM media content to achieve global reach. And deploying digital learning and videos to train communities to use the media. 

We understand the sensitivities that surround any dialogue and debate around FGM and always take these into consideration in the way in which we work with our partners and the media output that we help our partners to generate. We tailor our messaging carefully according to the audience we are trying to reach and support and provide guidance to our partners to do likewise. 

We work with many partners who have been directly or indirectly impacted by FGM. Moreover, partners are working on a sensitive issue in sensitive settings. At all times our work with partners prioritises their safeguarding and security. We also take a strong safeguarding approach in relation to all individuals who are part of our media outputs, videos, imagery. 

## **Overview** 

The year to 30th June 2023 showed a drop in income of 21%. There was a small surplus in the year and this was reflected in cash balances being slightly up on last year. 

In terms of activity to end FGM, the charity had a good year, despite the knock-on impact of the Ukraine War on funding. GMC increased its base of activists, spreading the key messages and partnering with key players - all of which helps ensure we move closer to our goal - of ending FGM by 2030. 

**1** 



## **GMC Charity to End FGM** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 30 June 2023** 

## **Financial overview** 

GMC Income was down 21% in the year to £689,189, from £872,181 the previous year. 

GMC incurred a surplus of £21,295 which helped us close the year with cash balances of £124,070, up from £112,803, at the end of the previous year. 

At the year-end the closing reserves of £145,605 were split 99% 'unrestricted' and 1% 'restricted' funds. 

Our Reserves policy target is to have between 3-6 months overheads covered by 'unrestricted' funds. 

## **Sources of funding** 

The principal Funders of GMC were (with funds received in brackets); Wallace Global Fund (£228,632), UNFPA (£218,860), The World Bank (£68,286), Cobalt (£65,500) and The Olwyn Foundation (£15,000). 

Without the support and guidance of our Funders GMC would not be able to function as a charity pledged to end FGM by 2030. 

GMC continued to increase its base of activists, through a series of Webinars and Masterclasses and funding media campaigns. This was in spite of the challenging times presented by the Ukraine War, which lead to one of our long-term Funders, Plan International, diverting money to food relief and thus we received no monies from them in the 12 months to 30 June 2023. In addition, UNFPA was unable to fund us in Q4 due to their own funding issues - exacerbated by Ukraine and other global issues. 

## **Summary of activities** 

GMC provided over 130 direct action grants across Kenya, Nigeria, Sierra Leone, Mali, Gambia, Guinea, Ethiopia and Somalia, to grass roots activists, to enable them to implement their media strategies and to build a critical mass of debate on FGM.  These messages of the health impacts and harms of FGM reached millions of people through local and community radio and TV. 

In addition to this core activity GMC was involved in the following activities: 

## **Naivasha, Kenya (November 2022)** 

Total number of participants: 40 Number of days: 3 

The Naivasha Lake retreat was a gathering of the best of the Activists that we have worked with in the last decade. It was an emotional, productive and gear-changing event. GMC, with the support of Wallace Global Fund, has helped create a new international mechanism to 'Shift The Power' from the big donors to the frontline feminist organisations. It's called #FrontlineEndingFGM - a mech anism that not only drives funds to the frontline feminists but puts them at the centre of the donor's vision of "localisation". #FrontlineEndingFGM recognised the global shift of donors to frontline feminist organisations, away from the Global North. The event resulted in a number of new high level connections being made - including with the EU. 

**2** 



**GMC Charity to End FGM** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 30 June 2023** 

## **Sources of funding** _**(continued)**_ 

## **Whistleblower's Map (November 2022)** 

We launched the first-ever whistleblower's map in Kenya - so activists can help police get to girls before they are cut over the holiday season. This App resulted in a campaign in Kuria, Migori County, Kenya in December 2022, where over 500 girls were rescued and 38 arrests of organisers of the cutting were made - 8 of whom were subsequently jailed. 

## **Born Perfect Campaign** 

We continued to amplify the #BornPerfect message throughout the year including during the Qatar World Cup. Our portfolio of #BornPerfect Footballer videos were pushed out on social media platforms - when appropriate. Given the nature of the sport we had to select suitable moments, for example, to maximise amplification we tagged our videos to popular Tweets following big games. We also reinforced the point that our #BornPerfect Football Ambassadors were exhibiting s upport and values that should be as respected - as well as pure football skills. 

## **Cross Border Training Academy in Mano River (June 2023) (Guinea, Sierra Leone, Liberia borders)** 

Total number of participants: 60 Number of training days: 5 

The goal was to Train Media practitioners and Civil Society Organization (CSO) members to work in the interest of Ending FGM. These persons were drawn from the border areas of Sierra Leone, Guinea and Liberia. A total of Sixty Journalists, Civil Society Organizations, Religious Leaders, Medical practition ers, Traditional Leaders and influential youth took part in the training which included media laws, how to report on FGM, the role of the Media in the FGM Campaign, Islam and FGM, lobbying skills for CSOs, International Conventions which the three countries are signatories to, how to engage Traditional Leaders to let them understand and commit themselves to the campaign against FGM, and health and social implications of FGM. 

## **#FrontlineEndingFGM Media training boosters in Kenya (June 2023)** 

Total number of participants: 100 Number of training days: 3 

Brighter Society Initiative (BSI) ran a training camp with a vision towards an empowered society beyond violence. 

## **Risk management** 

GMC maintains and reviews its Risk Register regularly, to identify, assess and control risks and to mitigate any risks that the charity faces. 

## **Social media/website** 

GMC increased its digital footprint - and developed its online media resource hub on the website, to provide verifiable journalistic material on FGM for campaigners and journalists. 

## **Structure, governance and management** 

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. 

**3** 



**GMC Charity to End FGM** 

## **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** GMC Charity to End FGM **Charity registration number** 1176359 **Company registration number** CE012722 **Principal office and registered** 40 Brecknock Road **office** London N7 0DD **The trustees** Ms V Henley Mr M Mojeed Mr A C Rusbridger Mr J Cox Ms J Cook Ms N S Jennings (Appointed 14 December 2022) Ms M M Mahy (Appointed 1 January 2023) M Doyle **Independent examiner** L Rudman AAT, MAAT 7-7c Snuff Street Devizes Wiltshire England SN10 1DU 

The trustees' annual report and the overview were approved on .............................. and signed on behalf of the board of trustees by: 

Mr J Cox Trustee 

**4** 



**GMC Charity to End FGM** 

## **Company Limited by Guarantee** 

## **Independent Examiner's Report to the Trustees of GMC Charity to End FGM** 

## **Year ended 30 June 2023** 

I report to the trustees on my examination of the financial statements of GMC Charity to End FGM ('the charity') for the year ended 30 June 2023. 

## **Responsibilities and basis of report** 

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’). 

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or 

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

**5** 



## **GMC Charity to End FGM** 

## **Company Limited by Guarantee** 

**Independent Examiner's Report to the Trustees of GMC Charity to End FGM** _**(continued)**_ 

## **Year ended 30 June 2023** 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

L Rudman AAT, MAAT Independent Examiner 

7-7c Snuff Street Devizes Wiltshire England SN10 1DU 

**6** 



## **GMC Charity to End FGM** 

## **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|**4**|107,684|581,506|689,190|872,181|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total income**||107,684|581,506|689,190|872,181|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Expenditure**||||||
|Expenditure on charitable activities|**5,6**|(81,214)|(586,681)|(667,895)|(813,409)|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total expenditure**||(81,214)|(586,681)|(667,895)|(813,409)|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Net income and net movement in**|**funds**|26,470|(5,175)|21,295|58,772|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Reconciliation of funds**||||||
|Total funds brought forward||1,392|122,918|124,310|65,538|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total funds carried forward**||27,862|117,743|145,605|124,310|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



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 10 to 16 form part of these financial statements.** 

**7** 



## **GMC Charity to End FGM** 

## **Company Limited by Guarantee** 

## **Statement of Financial Position** 

## **30 June 2023** 

|||**2023**|2022|
|---|---|---|---|
||**Note**|**£**|£|
|**Current assets**||||
|Debtors|**9**|34,156|38,847|
|Cash at bank and in hand||124,070|112,803|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|||158,226|151,650|
|**Creditors: amounts falling due within one year**|**10**|(12,621)|(27,340)|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Net current assets**||145,605|124,310|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total assets less current liabilities**||145,605|124,310|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Net assets**||145,605|124,310|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Funds of the charity**||||
|Restricted funds||117,743|122,918|
|Unrestricted funds||27,862|1,392|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total charity funds**|**11**|145,605|124,310|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



For the year ending 30 June 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

Directors' responsibilities: 

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; 

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. 

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 ........................, and are signed on behalf of the board by: 

Mr J Cox Trustee 

**The notes on pages 10 to 16 form part of these financial statements.** 

**8** 



## **GMC Charity to End FGM** 

## **Company Limited by Guarantee** 

## **Statement of Cash Flows** 

## **Year ended 30 June 2023** 

||**2023**|2022|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net income|21,295|58,772|
|_Adjustments for:_|||
|Accrued (income)/expenses|(7,478)|8,926|
|_Changes in:_|||
|Trade and other debtors|4,691|(16,795)|
|Trade and other creditors|(7,241)|13,390|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|Cash generated from operations|11,267|64,293|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|Net cash from operating activities|11,267|64,293|
||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|**Net increase in cash and cash equivalents**|11,267|64,293|
|**Cash and cash equivalents at beginning of year**|112,803|48,510|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Cash and cash equivalents at end of year**|124,070<br>৶৶৶৶৶৶৶৶৶|112,803<br>৶৶৶৶৶৶৶৶৶|



**The notes on pages 10 to 16 form part of these financial statements.** 

**9** 



**GMC Charity to End FGM** 

## **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 40 Brecknock Road, London, N7 0DD. 

## **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 sterling, which is the functional currency of the entity. 

## **Going concern** 

There are no material uncertainties about the charity's ability to continue. 

## **Income tax** 

The charity is exempt from corporation tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Incoming resources** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

**10** 



## **GMC Charity to End FGM** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2023** 

## **3. Accounting policies** _**(continued)**_ 

## **Resources expended** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Reserves policy** 

GMC’s Reserves policy target is a minimum reserves requirement that covers at least 3 months running costs, with funds contractually available to pay for running costs. 

GMC monitors cash flow projections for the next 12 months every quarter, highlighting any uncertain income commitments. Any projected funding shortfall in GMC's reserves requirement is immediately advised to the Board's Finance & Risk Committee for rectifying action. 

Ongoing costs are not expected to vary materially from current levels 

## **4. Donations and legacies** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2023**|
||£|£|**£**|
|**Donations**||||
|Donations|107,684|581,506|689,190|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2022|
||£|£|£|
|**Donations**||||
|Donations|104,219|767,962|872,181|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



**11** 



## **GMC Charity to End FGM** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2023** 

## **5. Expenditure on charitable activities by fund type** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2023**|
||£|£|**£**|
|Charitable activities|78,307|586,681|664,988|
|Support costs|2,907|–|2,907|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||81,214|586,681|667,895|
||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2022|
||£|£|£|
|Charitable activities|95,988|709,814|805,802|
|Support costs|7,607|–|7,607|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||103,595|709,814|813,409|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



## **6. Expenditure on charitable activities by activity type** 

||Activities||||
|---|---|---|---|---|
||undertaken||**Total funds**|Total fund|
||directly Support costs||**2023**|2022|
||£|£|**£**|£|
|Charitable activities|664,988|–|664,988|805,802|
|Governance costs|–|2,907|2,907|7,607|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||664,988|2,907|667,895|813,409|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



## **7. Trustee remuneration and expenses** 

There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022. 

**12** 



## **GMC Charity to End FGM** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2023** 

## **8. Tangible fixed assets** 

||||**Fixtures and**|
|---|---|---|---|
||||**fittings**|
||||**£**|
||**Cost**|||
||**At 1 July 2022 and 30 June 2023**||5,785|
||||৶৶৶৶৶৶৶|
||**Depreciation**|||
||**At 1 July 2022 and 30 June 2023**||5,785|
||||৶৶৶৶৶৶৶|
||**Carrying amount**|||
||**At 30 June 2023**||–|
||||৶৶৶৶৶৶৶|
||At 30 June 2022||–|
||||৶৶৶৶৶৶৶|
|**9.**|**Debtors**|||
|||**2023**|2022|
|||**£**|£|
||Prepayments and accrued income|11,616|11,224|
||Other debtors|22,540|27,623|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|||34,156|38,847|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|**10.**|**Creditors:** **amounts falling due within one year**|||
|||**2023**|2022|
|||**£**|£|
||Accruals and deferred income|1,600|9,078|
||Social security and other taxes|1,425|18,262|
||Other creditors|9,596|–|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|||12,621|27,340|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|



**13** 



## **GMC Charity to End FGM** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2023** 

## **11. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**||||||
|---|---|---|---|---|---|
||||||**At**|
||At 1 July 2022|Income|Expenditure|**30 June 2023**||
||£|£|£||£|
|General funds|(2)|72,184|(44,320)||27,862|
|Cobalt 2022|1,394|35,500|(36,894)||–|
||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄ|
||1,392|107,684|(81,214)||27,862|
||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶৶|
||||||At|
||At 1 July 2021|Income|Expenditure||30 June 2022|
||£|£|£||£|
|General funds|768|27,219|(27,989)||(2)|
|Cobalt 2022|–|77,000|(75,606)||1,394|
||ৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄ|
||768|104,219|(103,595)||1,392|
||৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶|
|**Restricted funds**||||||
||||||**At**|
||At 1 July 2022|Income|Expenditure|**30 June 2023**||
||£|£|£||£|
|UNFPA 2020|–|–|–||–|
|Plan Denmark 2021|–|–|–||–|
|Cobalt Trust|–|30,000|(30,000)||–|
|UNFPA 2021|–|–|–||–|
|Plan Germany Mali TV|–|–|–||–|
|Irish Aid 2021|–|–|–||–|
|Olwyn Foundation|3,924|–|(3,924)||–|
|World Bank 2021|–|–|–||–|
|World Bank 2022|–|–|–||–|
|UNFPA 2022|116,713|3,784|(120,497)||–|
|Wallace 2022|–|–|–||–|
|EU Kenya 2023|–|5,221|(5,221)||–|
|Olwyn 2023|–|15,000|(2,666)||12,334|



**14** 



**GMC Charity to End FGM** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2023** 

|**11.**|**Analysis of charitable funds**|**_(continued)_**||||
|---|---|---|---|---|---|
||UNFPA 2023|–|218,860|(161,157)|57,703|
||US State Dept 2023|–|11,721|(11,721)|–|
||Wallace 2022|2,281|84,581|(86,862)|–|
||Wallace Dakar 2023|–|81,075|(81,075)|–|
||Wallace 2023 Women Deliver|–|62,977|(39,667)|23,310|
||World Bank 2023 GB (LitF)|–|27,870|(3,810)|24,060|
||World Bank 2023 Mali|–|40,417|(40,081)|336|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|||122,918|581,506|(586,681)|117,743|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
||||||At|
|||At 1 July 2021|Income|Expenditure|30 June 2022|
|||£|£|£|£|
||UNFPA 2020|–|15,000|(15,000)|–|
||Plan Denmark 2021|37,742|10,872|(48,614)|–|
||Cobalt Trust|–|–|–|–|
||UNFPA 2021|6,703|244,738|(251,441)|–|
||Plan Germany Mali TV|20,325|–|(20,325)|–|
||Irish Aid 2021|–|48,037|(48,037)|–|
||Olwyn Foundation|–|50,000|(46,076)|3,924|
||World Bank 2021|–|35,575|(35,575)|–|
||World Bank 2022|–|35,948|(35,948)|–|
||UNFPA 2022|–|268,019|(151,306)|116,713|
||Wallace 2022|–|59,773|(57,492)|2,281|
||EU Kenya 2023|–|–|–|–|
||Olwyn 2023|–|–|–|–|
||UNFPA 2023|–|–|–|–|
||US State Dept 2023|–|–|–|–|
||Wallace 2022|–|–|–|–|
||Wallace Dakar 2023|–|–|–|–|
||Wallace 2023 Women Deliver|–|–|–|–|
||World Bank 2023 GB (LitF)|–|–|–|–|
||World Bank 2023 Mali|–|–|–|–|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|||64,770<br>৶৶৶৶৶৶৶৶|767,962<br>৶৶৶৶৶৶৶৶৶|(709,814)<br>৶৶৶৶৶৶৶৶৶|122,918<br>৶৶৶৶৶৶৶৶৶|



**15** 



## **GMC Charity to End FGM** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2023** 

## **12. Analysis of net assets between funds** 

|||Unrestricted|Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|---|---|
||||Funds|Funds|**2023**|
||||£|£|**£**|
||Current assets||40,483|117,743|158,226|
||Creditors less than 1 year||(12,621)|–|(12,621)|
||||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||**Net assets**||27,862|117,743|145,605|
||||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|||Unrestricted||Restricted|Total Funds|
||||Funds|Funds|2022|
||||£|£|£|
||Intangible assets||–|–|–|
||Current assets||28,732|122,918|151,650|
||Creditors less than 1 year||(27,340)|–|(27,340)|
||||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||**Net assets**||1,392|122,918|124,310|
||||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**13.**|**Analysis of changes in net debt**|||||
||||||**At**|
|||At|1 Jul 2022|Cash flows|**30 Jun 2023**|
||||£|£|**£**|
||Cash at bank and in hand||112,803|11,267|124,070|
||||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



**14. Related parties** 

There were no related party transactions for the year ended 30 June 2023. 

**16** 



**GMC Charity to End FGM** 

**Company Limited by Guarantee** 

## **Management Information** 

## **Year ended 30 June 2023** 

**The following pages do not form part of the financial statements.** 

**17** 



## **GMC Charity to End FGM** 

## **Company Limited by Guarantee** 

## **Detailed Statement of Financial Activities** 

## **Year ended 30 June 2023** 

||**2023**|2022|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Donations|689,190|872,181|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total income**|689,190|872,181|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Expenditure**|||
|**Expenditure on charitable activities**|||
|Purchases|(664,988)|(805,802)|
|Legal and professional fees|(2,907)|(7,607)|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||(667,895)|(813,409)|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total expenditure**|(667,895)|(813,409)|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Net income**|21,295|58,772|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



**18**