Company registratlon number: 10436509 (England and Wales) Charity registration number: 1179829 (England and Wales) GLOBAL HEALTH FILM INITIATIVE (Company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 *ABVIN6TI44 I2101r2￿23 CQWANIES HOUSE #346 GLOBAL HEALTH FILM INITIATIVE CONTENTS Page Legal and administrativo information Trust8es' report Independent Examlner's report statement of Financial Activities (incorporaling the income and expenditure account) . Balance sheet 10 Statement of cash flows 11 Notes to the Financial Statements 12-21 GLOBAL HEALTH FILM INITIATIVE LEGAL AND ADMINISTRATIVE INFORMATION Board of Trustees: Lalrtha Bhagavatheeswaran (Chair) Peter Jarrett George Ransley Shopilha SNaranjan Mike Rub Advisory Board: Miguel Castro Pamela Das Beadie Finzi Fawzia Gibson-Fall Sir Andy Haines Alice Hawryszkiewycz Christopher Hird Andrew Jack Tabitha Jackson Priya Joi Anita Makri Steven Markovitz Catherine Mccarthy Chief Ex•cutive: Gerri McHugh Company number. 10436509 Charity number. 1179829 R¢gister¢d offi¢e: 10 Queen Street Place London EC4R 18E "Banker4: National Westminster Bank PLC 156 Fleet Street London EC4A 2DX Independent Examlner: SP Vinshaw Chartered Certified AcC￿￿tantS Quorum House. 36 Metro Centre Dwight Road, Watford WD18 9SB Legal advisors: Bales Wells LLP 10 Queen Street Place London EC4R 1BE GLOBAL HEALTH FILM INITIATIVE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 The trustees. who are also d1￿clOrS of The Charity for the purpose of the Companies Act. are pleased to present their report. together with the independenlty examined financial stalemenls of the charity for the Per￿ ended 31 March 2022, which also represents the Directors. report as ￿quired by s415 of the Companies Act 2006. The finanaal statements have been prepared in accordance with Accounting and Reporting by Charil¢es' Slalement of Recommended Practice applicable to charib.es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK leffectNe 1 January 20151 {Charities SORP IFRS 102}l. the Financial RepO￿"ng Standard applicable in the UK and Republic of Ireland IFRS 1021, the Companies Act 2¢X6 and the Chanty's n*morandum and arb¢les of asswation. Legal and administrative inf0m)at￿n set out on page 2 fomis part of this report. Organisation The company's adminislrab.on is under the control ofthe trustees. who are also the directors for the purwse of company18w. The trustees during the penod to 31 March 2022 were". Lalilha 8hagavalheeswaran (Chairl Peter Jarrett George Ransley Shopitha Sivaranjan Luae Susannah Collinson Mike Rtsb St￿ctUres governance and man•gement Global Health Film Inib"ative was incorporated as a company limrted by guarantee on 19 October 2016 (number 104365091 and was entered onlo the Register at Ihe Charity Commission on 06 September 2018 {number 11798291. It is govemed by ils Mernorandum and Arts"cles of A550¢ial¢on dated 18 October 2016. The liability of the charitsble company s memters is limrted lo £1 in the event of a winding up. We have made provision for a maximum fvftlve Trnstees on the Board". Trustees will be appointed in stsged and open process over the next 18 months. Board vacancies will be communicated on our website and through our newsletter and S￿la1 ff*dia channels. Govemance training will be provided for all Trustees. fuThled by the charity. Trustees are not remunerated. although reasonable out-of-pockel expenses may te reimbursed. Obje¢tives and •diviti•s The charity's objectives are to advance the edUcat￿n of Ihe public in global health, and to protect and promote the health of people around the world, in part￿￿lar bul not exclusivety by dislribuling film and other media which increases general and spwalisl knowledge and understanding of 9lobal health. 'Global health, is a recognised mulb-disciplinary subject of study, research and practice, within and beyond the sciences. covering transnational health issues. determinants ar¢d solubons with a focus on improving health for all people worlthvKJe. GLOBAL HEALTH FILM INITIATIVE TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2022 The Trustees confirm they have complied with the duty in the Chanties Act 2011 to have due regard to public benefrt guidance published by the Charity Com￿$s￿ln. Overvi•w of activities The focus of activty this year related to organising and delNering tr￿0 Gkjbal Health Film Festivals and iMplen￿ntIng the first stages of the organisation's first strategic plan. Strategy develOpn￿nI We developed our first strategic plan. f(Kussing on three cntical areas for the foll¢)wing 24 -36 months,. Development and implementation of coherent. consistent and sustained communications lo improve market penelrab.on in target groups Developrnent and dNersIf￿at1on of the funding mix to ensure sustainability Buitding excellent governance structures A¢hievernents and perfonnance Global Health Film Festival 2021 This yearfs event took place online again. with an extended prcgramme running over eleven days. It attracted hundreds of delegates from all around the workl, including health profes5i0nals, medical and global health students, storytellers such as film makers, Joumalists and bb9gers. and a significant lay audience with an interest in one or more global health issues. whether climate change. mental health or environmental degradats"on. The programme featured a host of inlemational premieres and prevthv screenings. with in-depth panel discussions with film Makers, film protagonists and global health experts. and covered a range of interconnected global health then*s, showcasing important neglected stories from all around the world on refvgee and migrant heatth and human rights, post-cobnialism. gender vh?lence. mental health and planetary health. Dutch Global Heawh Film Festival 2022 We curated and hosted the online Dutch Gk)bal Health Film Festival in March 2022. attracting 800 vi8ws from the Netherlands and further afield. Screenin attrershi We continued our online global health film series at the London School of Hygiene & Tr0￿Cal Medicine in December 2020 and ran indNidual screenings in partnershipwith academic institutions including the Kennis Connectors Global Health in the Netherlands, University College London and the University of Oxfofd. Su orh'n filmmakers We hosted media screenings and additional screenings for soffe of our festival films. including On The Id Side (May 20211 and Missing in Brooks County (July 20211. GLOBAL HEALTH FILM INITIATIVE TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2022 Contribution made by voluntee We could not carry out our work without the significant contribution of our volunteers, particularty ￿ relation to the Global Health Film Festival and our screenings through the year, where a team of 12 volunteers ensure the smooth running of the enti￿ calendar of events. We estimate that the total volunteer time we benefited from during this year amounts to 960 hours_ Finan¢ial review The charity received donations and grfts in kind lotslling £15.250 12020.. £116,344I with an additional £34.C62 (2020". £40,070) generated from charitable activities. total Inco￿ of the charty for the financial year was £49.387 {2020: £156.541) Expenditure for the year ioLilled £49,141 {2020.- £140.8281 including £41.849 of charrtable activities and £7.292 of raisin9 funds for futu￿ oper*b)ns. giving a suwus of £24612020.. £15.7131. The charity's policy aims lo hold no less than three ￿nthS of unrestn.cted funding in reserve. Being a start- up, the charity ¢urrenlly has no reseNes and any shortlalls are continuously covered by a related party until a desirable level of external funding bs achieved. The charity's abilty to develop further is dependent on its ability to develop a diverse funding base and much work is undeThvay to build this. The Trustees are aware of the challenging financial situation the charity is in., the Trustees are satisfied with current financial p)srtion as at 31 March 2022 and continue to monitor il closely_ Principal sources of funding The principal sources of funding wefe donations and gtfts in kind. curation and project management fees, as well as income relating to the 2021 Gknbal Health Film Festival. in the form of b¢ket sales and sponsorship. We have started to diversify our funding sources. with a parbcular emphasis on capacity-building with support from charitable trusts and foundatjons. corporate sources, and indNidual5. Future Plans We have a busy calendar of screenings scheduled for the first quarter of the next financial year IApril-June 20221, following which the opefational priority will be to develop and deliver the inaugural Australia Global Health Film Festival in August 2022. We will also start work on our flagship UK festival which will hopefully see a partial retum to in-person events as wdl as a VOD and Ilve-streamed version. We are scoping out a Gkibal Health Film ThEmtership s¢heftE with a view to launching in June 2022. We will further develop our actIv￿eS to support independent filmmakers. stsrb.ng with new feature film project Unconquered." Goraède- Cty of Heroes. GLOBAL HEALTH FILM INITIATIVE TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2022 Declaralions The report of the Trustees has l)een p￿pared in w)rdance with the special provtsions applicable lo companies, subject lo the small Companies, regime. This rep)rt was approved by the Trustees on 22 December 2022 and signed on their behalf by.. Lalilha Bhagavalheeswaran Director GLOBAL HEALTH FILM INITIATIVE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GLOBAL HEALTH FILM INITIATNE I report on ts accounts of th8 charity for the year ¢￿d 31 Marth 2022 whth ￿ sel out on pages 9 b 21. Rosp•¢tlv• rn6ponslblllll•s oltn*t••s •xamln . The Iru6tees {wffio are kn direct￿5 of the cornpany lor the pyfposes of corrpany ￿) are respjnsible for Ihe prepafalvjn of the ￿￿Affits. The I￿￿eeS COns￿er that an a￿111 is ￿t required for year under section 144121 of the Clwilw Act 2011 Its 2011 ktl and that an rndepèrident exaftlnation is needed. The charty'sgross income has ncrt exceeded £250,0￿) l am qualrf*d to undertake the examinatir￿ being a qualth•J ofAsso¢rdlion ofchartwed Accthntsnts IACChl. Having sali5fied myself that the not sutr4eiX to an uNler law and is *ible for Independeftt examinaticv), it is my re4￿n51b11ify io." examine theaccounts under seL1w)n .145 of the 2011 Art to folkyw thè prcodures laid in the gener* dirncli¢)n$ gNen by the Ch81ty Commwx)n under section 145(51(bl of thg 2011 Art and to state k4thether paitular matters have come to ny. aventlon. Bash ol ind•p•ndent •x•mln•fs report ty examinats"onwa5 carried out n ac¢ordanc&withthesv*ral Diwb"ons given by thè Chaiity CgnMni5Shln. An examination in¢￿deS a revw of the ac%ounting recpyds ke0 ty the Charity and a comparison of the accounts presented with those records. 11 also indude5 consKJer81i?n of kny unusual items or disd¢)sures In the ac£ounts. and seeknng explanat￿$ from you as truste85 conceming any. such matter& The procedLwes uTrJertaken do not provKYe all the evide￿ that*Duld be requlr8d in an wdf¢ and covtsequenlty no opinton is given as to whether Ihe ac£ourts true and fw view and the rnport ts hmited to tho matters set out in the statem￿1 L*MT. Independent •x•rnlneV$ 8tatem•nl I have Completed my exarnination. I mnfirn) that no rraterial rDatters hwe com8 to attention cOnr￿lI¢n ¥￿th the examination: (1) whKh gNes m8 reasona￿8 ￿uSe to beli8Ye thal in afty m*ial fesFect the reqU￿Ments.. to keep accounting reccrfds fft ￿0rdarte with section 386 of the Compantes Act 2006,. to kYepaTe a(Lountswhth xcord vlith th8 artsunling records. compty wlh Ihe x¢untsng requirements of se¢l&?n 396 of A¢t 2006 and With the methods and princApkn of the Statement of Rerjjmmended Pr&*ic*.' ACc￿￿ting and Re￿rts￿ by Charities have not been met Of (21 to *tht¢h. in my oynion. attent￿n shothj be th*•m Mi to enable a pr￿er urKlersknding of the Premp {FCCA) UCB House VL)18 OBX GLOBAL HEALTH FILM INITIATIVE Slaternent of Financial Activilieg Ilrtludlnp Ihe Sneome and expenditsjre a¢¢ount) Forth& p•rlod •nd•d 31 March 2022 F￿ndS Funts FunLts Fu hJr¢s 31KtyXJ21 IFXOME FROM.. 11.847 14250 34m2 75 116.344 J1e.344 Ch￿ta￿￿1 acbWiI*S 40,070 127 40.070 Other 75 127 TOTAL INCOME Jt7 1%,S41 156.541 EXPE14tynJie ON.. RawgthJrKIs 7212 41 11.352 11.352 33.446 129.476 119.478 140.828 TOTAL ExpeNDITLIIE n• 140.826 NEf IlCOllEExPEP￿ruRE 15.713 15.713 NETIIOVEMENTIN FLINDS 15.713 15.713 RECOPICILIATIQN OF FUNDS.. Towi fthids t￿O￿t￿Mar {15.712) To¥1 tynds ￿￿1•1 lor*•rd 247 GLOBAL HEALTH FILM INITIATIVE Balance Sheet As at 31 March 2022 Ceryny No 10436509 (EnBlind and Wal•11 Year ended 3110112022 Pew(J endwj 31103r2021 FIXED ASSETS Tang*)le asse15 Intangib* assets 10 10 1.441 920 2.361 Tolalfu•dass81s 1.587 CURRENT ASSETS Debtor5 Cash at bank and in haTrJ 11 4.934 6.475 11A09 8,343 2,077 10,420 T¢)tal cwrnntas￿s LIA81LITIES Creditor5.' amounts falling du8 *itl¥n 12 NET CURRENT ASSETSIILIA8ILITIESI TOTAL ASSETS LESS CURRENT LIABILrnES 9,809 11.396 8,820 Cr8d¢tOW5'. amounts falling aftef rnore than one year 12 111.1491 11.180 NET ASSETS 247 CHARITY FUNDS Re$trictetS fund$ Unresincted funds.. General fu￿9 14 247 247 247 Tol&tunrestrKt8dfunds 14 TOTAL CHARITY FUNOS For the financial perkxl in ¢westion h cornpanywas ent￿ to exempbm seckn 477 of the c￿part*S Act 2DJ6 relaiin9 to small c(mpanies. No member5 have required the company 10 obtain an a￿fjrt *cwnts perKwJ ￿ question in accordance wth section 476 01 Ihe Comwies Ad2C(6. The director5 acknow￿dge their rospon5ibilrty IDr Foreign currnncies Monetary assets and liabilities denominated in foreign currencies are translated al the rate of exchange ruling at the balance sheet date. Transa¢ty"ons in foreign currencies are re¢orded at the rate nJling at the dale of the transaction. Al differences are taken to the SOFA. 13 GLOBAL HEALTH FILM INITIATIVE Notes to the financial slatements For the year ended 31 March 2022 1. ACCOUNTING POLICIES {conlinued) j) Pension contributions The charity operates a defined contn'bution pension schern£. The assets of the scheme are held separately from those of the charity in independenuy administered funds. The pension cost charge ￿preSentS contributions payable under the scheme by the chanty to the fund. The chanty has no liability under the scheme other than for the payment of those contn"bulions. kl Crltlcal accountlng estlmates and areas of judgement In the view of the trustees in applying the accounting poI￿leS adopted, no judgements were required thal have a significant effect on the amounls recc*Jnised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year. l) Other financral instruments Cash and cash equivalents Cash and cash equivalents include cash at bank and in hand and short-tem deposits with a maturity date of three months or less. Débtors and Creditors Debtors and creditors re￿1vable or payable within one year of the balance sheet date are carried al their transaction pri￿. Debtors and creditors that are receNable or payable in more than one year and not subject to a market rate of Inte￿St are measured at the present value of the expected future receipts OT payment dist￿nted at a market rate of int￿$t. ml Operating currency The QFerating currency of the chanty is Pound Sterling and the monetary amounts in the a(xounts are rounded to Ihe nearest pound. 14 GLOBAL HEALTH FILM INITIATIVE Notes to the financial statements For the year ended 31 March 2022 2. INCOME FROM DONATIONS Year ènd•d 3110312022 Total Period ended 31103r2021 Total UnrestrKt Restricted Donations and granl Ir￿ome Donations M) kirKI {r￿e 3) 3.403 4.250 4,509 11.(KKI 11,000 111,835 11.847 3.403 15.250 116,344 3. DONATIONS IN KIND Yèar ended 3110312022 Totsl Pèiitr ended 3110312021 Total Un￿stric1ed Restricted A¢fvertisiThJ and markel*ig Sala￿$ 2.632 1,406 14,596 Film Festival expendtture S¢rèèning and training experKliture IT, Software and webyte Legal fees 2.030 2.030 68,000 6,398 6,338 6338 4,921 10,350 Professional seNi¢es, I￿￿￿rg independent examination Travd and subsistence 1.600 3.732 Office costs 832 ii,ox) IiJMK> 111.835 4. INCOME FROM CHARITABLE ACTIVfflES Perrod endÈyer contributions amounted lo £72412020- £1.9661. At the year end. there were £NIL contributions outstanding {2020.' £Nill. The assets of the scheme are invested and managed independently of the finances of the Charity. 8. RELATED PARTY TRANSACnONS The lotsl aggregate value of donat￿)nS and donations in kind received from a related paty wa5 £11,000 to support operating costs in the pen￿1 (2020." £87.5851. 17 GLOBAL HEALTH FILM INITIATIVE Notes to the financial ststements For the year ended 31 March 2022 9. NET INCOMElIEXPEND￿uRE) This is stsled after charging.. Period ended 3110312021 Period ended 31103r2021 Depreciation and amortisation Independent examination.. Current year provision 774 1,61)0 708 1.600 The Trustees currentty don't receive reimburserr*nt fof expenses incurred in attending meetings. No remuneration is paid lo Trustees either. 10. FIXED ASSETS Intangible Tangible assets Period endéd 31103r2021 Yt¥r ended 3110312022 Total Total Cost At the stsrt of the year 1.469 3.869 Addits"ons Diswsal during the year 1.469 At the end of the year 1.469 Depreclalion At the start of the year 1.50fj 800 Charge for the year Written off during the year 774 708 At the end of the year Net book value At the end of the year Al the stsrt of the year 1.147 1,587 2.361 1.441 2,361 1,600 11.DEBTORS Y•ar •nded 31m312022 P•riod ended 3110312021 A¢￿Unts receivable Accfued income Prepayments 2,982 4,750 611 8,343 4.375 559 4,934 All debtors al)ove a￿ financial instrumenls and are measured at settlenEnl value. 18 GLOBAL HEALTH FILM INITIATIVE Notes to the financial statements For the year ended 31 March 2022 12. CREDITORS: amounts falling due within one year Year ended 3110312022 P8riod ended 3110312021 Credrtors Taxation and so¢ial security Other creditors Accruals 1.600 1.600 1,600 1,600 All creditors atx)ve, with the exception of accwals. are finanaal inslruffents and are measured al settlement value. Deferred income represents Film Festival income receNed in advance of the Feritsy to which it relates. CREDITORS: amounts falling due over more than a year Year ended 3110312122 Period ended 3110W2021 Other Creditors 11.149 11,149 11,180 11,180 13.ANALYSIS OF NET ASSETS BETWEEN FUNDS Restricted Unrestricted lunds Total Total fuThJs funds funds Year Period ended ended 3110312022 31ffj3r2021 Fixed assets 1,587 1.587 2,361 Current assets 11.4CO 11.409 10.420 C￿dItorS due wlhin one year 11.6001 {1,6001 11,800) Creditors due after more than one year Nel assets at the end of the year 11.180 247 247 19 GLOBAL HEALTH FILM INITIATIVE Notes to the financial ststements For the year ended 31 March 2022 14. STATEMENT OF FUNDS Bal•ne• at Incoming Resource¥ Balancg at Year ended 31103r2022 0110412021 txper*ded 3110312022 Restricted funds." Restricted funds 8,403 8,403 Total regtri¢ted funds 8,403 Unrestricted funds General funds Total unrestrlcled funds 40,984 247 40,984 40.738 247 Total Charity funds 49.387 49,141 247 Balaneè at Incoming Rèsources B¥lanc¢ •t Period ended 3110312021 0111112019 o￿nded 3110312021 Restricted fund$.' Restn"cted funds Total restricted funds Unrestricted funds General funds Total unrestricted funds 15.712 156.541 140.828 156,541 140.828 Total Charlty funds 15.712 156.541 Purposes of restricted funds The restricted funds COn￿St of grants by partner organisatsons SuppO￿.n9 charitable activities of the Global Health Film Inilialive. 20 GLOBAL HEALTH FILM INITIATIVE Notes to the financial statements For the year ended 31 March 2022 15. RECONCILIATION OF NET INCOMEI(EXPENDITUREI TO NET CASH FROM OPERATING ACTIVITIES Year ended 3110312022 PeFiod ended 31103r2021 Net incomellexpendf(urel for the reF4J1ing period 15.713 Amortisatson charges 774 708 Ilncreaselldecrease in debtors 3M09 2,827 Increasel(decreasel in credrtors (31) {16,4331 Net cash provlded byl(used In) operatlng acilvltle8 4.398 2.815 16. ANALYSIS OF CASH AND EQUIVALENTS AI 01104r2021 Cash IIthv5 At 3110>2022 Cash in hand 2.077 4,398 6.475 Total cash and cash eguivalents 2,077 4,398 6,475 17. LEGAL STATUS OF THE CHARITY The charity is a company limited by guaranlee and has no share caprtal. The liability of each member in the event of winding up is limited to £1. At 31 March 2022 there were 612020." 6 Trusleesl. 18. CONTROLLING PARTY There is no single ultimate controlling paty. 21