(HARITY (OMMISSION Trustees, Annual Report for the period From1810rt dote) io leryj dqlel Charity name Gids Are INv6stors Other names the charfty Is known by GAIN Registered charity number {if any) Charity's prir￿1pal address 21 Willoughby Road London Post(tha Names of the charity trustees vtho mttnage the charity #tso N•me . Office Uf any) 'for wholg yg4r ' to appoin Ifan Tilly Franklin Chair Eric Beinhocker John Van de North NAmes of the tntstees for th8 chaiity, rf arty (for example. any custodi8n trustegs) Tilly Fr8nklin ACTWE1105744648.1 Narnes and 8ddrèsses of advisers loplonal inlorrnal*)nl Type of adviser Nam• Addr•88 Legal Goodwln Procter LLP Narne of ¢hi8f executsve or n8mès of senior staff members loptsonal inf(￿atiOn) Founding Trustee.. Tilty Franklln,. Director.. Tanya Tracey Description of the charills trusts Typfy ol govemlng dLKumenl leg trust deed. consblution Constitution How the charity is constituted (eg Iwst, association. company cio Trustee selection methods {e9 appoinled by. elected byl Curr&nt GAIN trustees are to appoint new charity trustees as long as Ihese individuaLs are eligible for Irusleeship and understand functions and duties of a trustee. There are no minimum or maximum number of tr￿%te¢S that can be appointed ar￿ no sel lem) for each trustee. Any apwjinlmenl be mada at a meetirvJ held a¢(x)rd#ig to the ordinary practice of the appointing body. Additsonal govemni* iswes (optional infomi8lon You may chrKJse lo AIN'S ¢)rganizational structure consists of the t*Jard of trustee5 SUPPOrted by Induda additional infonnation, where he GAIN op8ratK>nal team. A part-time Programme Difectorand an Events relevant, about.. oordinator wgra recruited in 2020. ' pxjlicies and proeAdures ath)pted for Ihe induction and training of Ifuslees,. . the chariils organisatiorral structure and any wider nehK)rk ￿1th which the charity works.. ' relattonship with any 1818d parties,. • trustees. c￿nSIderatIOn of Ma￿)[ risks and the system and procedures to manage them. ash Controls were irnplemented al the bank account level th one trustee. s Franklin, having princip81 overlhe aco)unts with ovetsighl by and cc£Junl visi￿litY to two other Iwslees. The Programme Oirector was also dded as an 8¢¢0unl hold8r ￿1th an aulhorizat#Jn matrix in place to ensure ppropriale oveTrighl of payments. IN raised £161.932 in funding from ￿rpOrate $w)nsors in the investmgnt anagernent industry & personal dc*natK*ns during the calendar year 2020, ich was more than adequate to fund the charitys Operatio￿ during the eflod. ACTrVE1105744648.1 Summary ollhe objects of the charity sel out in ils goveming document he oblecis of tho CIO 8re'. 1) To 8dvanc8 the 8ducallon of th8 public In Iho undament81 skllls n8ce880ry for c8reers In profe5Blonal invesliryd and investrnenl r8laled fi91ds'. Ilnanclal 8ngly818, Invostmenl slralegy, basic finan nc8Pt8 and gcAJnomlGs, ¢￿tICal Ihlnklng 8nd an81y81s, p1e8enla1￿n Skills and e8dgrshlp concapls. 21 The promoUon ol equallly and dlversily for the public benefil by provldlng gducallonal 8nd work gxperlence Inlllalivos targ81ing girfg nd womon aitgnding schools, collgges ond unlv8181tlo8 de8lgn8d trj address he undeffgpresgnlallon of women In sanbr de¢l$lon making rol88 vhthin th8 nvestmanl Industry. Summary of Ihe main aG￿villeS undertaken for th9 public benefit in relation lo these objects (include ¥wthin this sect¥)n Ihe $18tutory dedaraiion that Iruslees have h8d regard to the guidanc* Lssued by the Charity Commission on public benefi1} AIN Is o comrnunity of Investors sel to changè the $taggerfng I￿k of gender iversity In investment management. from the ground up. GAIN educates ung women about 8nd inspires them to pursue c8reers in InveslirKJ wlh U1￿ of online resourcEs and a strong network of female role mode18, who peak in high S¢￿j01S and univer5ili89 around the UK and fealuro on our nline channe15. delivering compelling and hlgh-impact massages on the any benefits ol investing as 8 Career. Adthllonal details ol objectives and 8rAivilies loplonal infomiation} You may ch￿)Se to i)dude further statement5, b%l)erg relevant. abo￿.. ' polw on granlmaking., . policy prcgramme related In￿lment.. ' oJntsibution made by voluntstrrs. N is builthng a substantial volunteer neknrk. whrth comprised CAOO lUnts8￿ at the end of Ihe 2020 calendai year. The volunteers leverage N's contenl lo (Jeliver educAtion81 tslks in schools and universities around UK Isee summary of achievemnts, below). Summary of the main achievements of the charity during the ysar. In 2020, GAIN gxpanded its outreach to students. With the lockth)wn. the vents prograrnm$ was rnoved online and as a result the GAIN offering came more a￿eSSIble to students across Ihe UK. With oui increasod ulreach and volunteer support, we were able to exceed our target of aching 25￿ students in ourfiTSt year. Som& key SUCLesses indude.. )ril- recruited P¥ogramme Direciorto run the charity day4trday May- moved entire events programme onlino. in ￿S[￿)nSe lo COVID-19. Increased events offerino over the course ofthe year vAlh 84 events held since launch (October 2019} with c.4500 attendegs in total, including pathershlp events bsiih other organisations stJGh as Bloomberg Women's Buy Side Club October- launched industry Intemshlp programme for S￿dent network. Resulted in 25 Inlems placed wth different fiThns for Summer 2021 By D￿Mber. we were very happy wlh our progres5... c.400 talented & on1husiasl￿ volunteers have signed up to be GAIN speakers and mer￿)rS worked wilh students al 25 universities in the UK c.350 sludenls register•J in the GAIN student netswwk 45 GAIN student ambassadors participating in the Thentor pr(NJiamm& 182 sludenis applied to ourffirsl intemship programm8 existing sponsors renewed sponsotship and galned 6 new nsots ACTIVE1105744648.1 increased soc+al medla presence and all events and resources 8v8llable on the websilg plans in pl6ce lor new iniliallves In 2021, such as an Inslghl 8nd mentor programme ACTIVE1105744648.1 Brlaf stalement ofih8 charity's pollcy on ieserves he charlly malnialn adequgta r88orvo8 lcurrenlly In c88h) to fund loThvard perations for 12 months. The ch8rlly do89 not commll io gvant8 or other Xpgndllures unless and untll funding Is 8ecur8d lor11. Details of any funds m8tsri8lly In defiat one Further financial review detalls (optional inf0m￿tIOn) You may chcts8e lo indLKle additional informalion, %there relevant, about.. * the charity's prindpal sources of funds (including any ftJndtaisSrgl', . how expendituie has supported th& key objectives of the charity,. ' investment polrcy and objectivgs including any ethical investment poli¢y adopted.. 8 charity is funded by thiid-paty ￿nt￿buIl0￿s. The thr9e largest areas of xpense {see acrLJmpanying finanrAal reports) ara: Marketing-website development & hostlng IT costs- Salesforce 3. Staff ¢osts & ¢onsultantfegs IN raised £161,932 in funding from ¢orporate Sponsors in the investm8nl anagem8nl industry & personal donations during the calendar year 2020. hich was more than adequate to fund the charity's operalions during the The In￿tea5 declare that they have approved the trustses, report above Signed on behajlof the ch8rftys trustees Signaturelsl Full nameslsl Position {99 Secretary, Chair. elcl Dale ACTIVE1105744648.1 **GAIN - Girls Are Investors** **11** ## **Receipts and payments acco For the period** 01.01.2020 **To from** ## **Section A Receipts and payments** **Unrestricted Restricted Endowment funds funds funds** **to the nearest £** **to the nearest £ to the nearest £** ## **A1 Receipts** **----- Start of picture text -----**
Donation: Alta Advisers 65,000 - -
Donation: Troy Asset Management 25,000 - -
Donation: Corten Advisors 10,000 - -
Donation: Farallon Capital 25,000
Donation: Mondrian 20,000
Donation: PIMCO 1,000
Donation: Bain Capital 10,000
Donation: goetzpartners securities 500
Donation: Rahul Moodgal 5,432
- - -
Sub total (Gross income for AR) 161,932 - -
A2 Asset and investment sales,
(see table).
- - -
- - -
Sub total [ - ] - -
Total receipts 161,932 - -
A3 Payments
Staff costs: Sophie Meeke 6,527 - -
Staff costs: Kingley Consulting Ltd 29,264 - -
Staff costs: Victoria Onabolu 7,412 - -
Marketing: NLA Media Access 859 - -
Marketing: City Printing 98 - -
Marketing: Global Initiative (website) 1,035 - -
IT costs: Economic Change (Salesforce) 3,024
Marketing: Emma Fletcher (website 455 - -
consultant)
- - -
Sub total 48,675 - -
A4 Asset and investment
purchases, (see table)
- - -
- - -
Sub total - - -
Total payments 48,675 - -
**----- End of picture text -----**
_**Net of receipts/(payments)**_ **113,258 - - A5 Transfers between funds - - - A6 Cash funds last year end - - -** _**Cash funds this year end**_ **113,258 - -** ## **Section B Statement of assets and liabilities at the end of t** |||**Unrestricted**| |---|---|---| |**Categories**|**Details**|**funds**| |**B1 Cash funds**|**_Total cash funds_**
(agree balances with receipts and payments
account(s))|**to nearest £**
**-**
**-**
**-**
**-**
Agreement Error| |||**Unrestricted**| |||**funds**| |**B2 Other monetary assets**|**Details**|**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**| |||**Fund to which**| |**B3 Investment assets**|**Details**|**asset belongs**
**Fund to which**| |**B4 Assets retained for the**|**Details**|**asset belongs**| |**charity’s own use**||**Fund to which**| ||**Details**|**liability relates**| **B5 Liabilities** Signed by one or two trustees on behalf of all the trustees Signature Print N **182317** ## **ounts** ## **CC16a** 31.12.2020 ## **Total funds** ## **Last year** **to the nearest £** **to the nearest £** **----- Start of picture text -----**
65,000 -
25,000 -
10,000 -
25,000
20,000
1,000
10,000
500
5,432
- -
161,932 -
**----- End of picture text -----**
**----- Start of picture text -----**
-
- -
- -
161,932 -
6,527 -
29,264 -
7,412 -
859 -
98 -
1,035 -
3,024
455 -
- -
48,675 -
**----- End of picture text -----**
**----- Start of picture text -----**
-
-
- -
48,675 -
**----- End of picture text -----**
**----- Start of picture text -----**
113,258 -
- -
- -
113,258 -
**----- End of picture text -----**
**----- Start of picture text -----**
the period
Restricted Endowment
funds funds
to nearest £ to nearest £
- -
- -
- -
- -
OK OK
Restricted Endowment
funds funds
to nearest £ to nearest £
- -
- -
- -
- -
- -
- -
Current value
Cost (optional)
(optional)
- -
- -
- -
- -
- -
Current value
Cost (optional)
(optional)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Amount due When due
(optional) (optional)
-
**----- End of picture text -----**
**----- Start of picture text -----**
-
-
-
-
Date of
Name
approval
**----- End of picture text -----**
Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Girls Are Investors On accounts for the year ended Deomber 312020 Charity no (if any) 1182317 Set out on pages No addilional pages, I report to the trustees on my examination of the accounts of the above (*arity {Ihe Twsf) for the year ended Responsibilities and basis of report As the L*anty's trustees. you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 rthe Al￿). I report in resped of my examination of the Trusfs accounts carried out under section 145 of the 2011 Act and in carrying OLrt my examination, I have followed all the ap[￿iCable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent I have completed my examination. I confim that no material matters have examiner's statement come to my attention in connection wtlh the examination (other than that disclosed below ') which gives me cause to believe that in, any material respect.. the accounting remrds N*Ere not kept in accordan￿ with section 130 of the Charities Act,. or the accounts did not accord with the accounting records: or the accounts did not comply wrth the applicable requirements conceming the fomi and Content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Xrue and fairf view which is not a matter onsidered as part of an independent examination. I have no COn￿mS and have come across no other matters in connection with the examination to which attention should be drawn in this r8POrt in order to enable a proper understanding of the accounts to be reached. . Please delete the in the brnckets rfthey do not apply. Signed: Date: c¥IOF/ZI Name: htyJNA QrtLLAQHEI Relevant professlonal qualification{s) or body lif any): FUNY) Address: 4 trtARLLu&T LoNrK.M , Siuiq i IER Oct 2018 Section B Disclosure Only complete if the examiner needs lo highlight material matters of concern (see CC32. Independent examination of tharrly accounts: diredions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. NIA. IER Oct 2018