## **T����ee�� Ann�al Re����** for the period > From (start date) 0 1 0 1 2 1 to (end date) 3 1 1 2 2 1 ||**Section A**|**Reference and administration details**|**Reference and administration details**|**Reference and administration details**|**Reference and administration details**|**Reference and administration details**|**Reference and administration details**|**Reference and administration details**|**Reference and administration details**|||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||Charity name
Girls Are INvestors
Other names the charity is known by
GAIN
Registered charity number (if any)
1
1
8
2
3
1
7
Charit��s principal address
21 Willoughby Road
London
Postcode
Names of the charity trustees who manage the charity|||||||||||||| |||Girls Are||INvestors||||||||||| |||||||||||||||| |||GAIN||||||||||||| |||||||||7||||||| |||1|1|8|2|3|1|7||||||| |||||||||||||||| |||21 Willoughby|||Road|||||||||| |||London||||||||||||| |||||||||||||||| |||||||Postcode|||N|W|3|1|R|T| |||||||||||||||| ||**Trustee Name**|**Office (if any)**||||**Dates acted if not**
**for whole year**||||**Name of person (or body)**
**entitled to appoint**
**trustee (if any)**||||| ||Tilly Franklin|||||||||||||| |||||||||||||||| ||Anne Marie Fleurbaaij|Co-Chair||||19.02.2021||||||||| |||||||||||||||| ||Charlotte Yonge|||||19.02.2021||||||||| |||||||||||||||| ||Caroline Hultman|||||19.02.2021||||||||| |||||||||||||||| ||Rahul Moodgal|||||23.03.2021||||||||| |||||||||||||||| ||Natasha Braginsky Mounier|Co-Chair||||06.04.2021||||||||| |||||||||||||||| |||||||||||||||| |||||||||||||||| |||||||||||||||| |||||||||||||||| |||||||||||||||| |||||||||||||||| |||||||||||||||| |||||||||||||||| |||||||||||||||| |||||||||||||||| |||||||||||||||| ||Names of the trustees for the charity, if any (for example, any custodian trustees)|||||||||||||| ||**Name**|||||**Dates acted i**||||**f not for whole year**||||| ||Tilly Franklin|||||||||||||| |||||||||||||||| |||||||||||||||| |||||||||||||||| 1 ACTIVE/105744648.1 **Section A Reference and administration details** Names and addresses of advisers (optional information) |**Section A**|**Section A**|**Section A**|**Reference and administration details**|**Reference and administration details**| |---|---|---|---|---| |Names and addresses of advisers (optional information)||||| ||**Type of adviser**|**Name**||**Address**| ||Legal|Goodwin Procter LLP||| |||||| |||||| ||Name of chief executive or names of senior staff members (optional information)|||| ||Founding Trustee: Tilly Franklin; CEO: Tanya Tracey|||| |||||| ||**Section B**||**Structure, governance and management**|| ||Description of the charit��s tr�sts
Type of governing document (eg
trust deed, constitution
Constitution
How the charity is constituted (eg
trust, association, company
CIO
Trustee selection methods (eg
appointed by, elected by)
Current GAIN trustees are to appoint new charity trustees as long as these
individuals are eligible for trusteeship and understand the functions and
duties of a trustee. There are no minimum or maximum number of trustees
that can be appointed and no set term for each trustee.
Any appointment must be made at a meeting held according to the ordinary
practice of the appointing body.
Additional governance issues (optional information
You may choose to
include additional information, where
relevant, about:
� policies and
procedures adopted for the induction
and training of trustees;
� the charit��s
organisational structure and any wider
network with which the charity works;
� relationship �ith an�
related parties;
� tr�stees� consideration
of major risks and the system and
procedures to manage them.
GAIN�s organi�ational str�ct�re consists of the GAIN operational team
supported by the board of trustees.
Cash controls were implemented at the bank account level with one trustee,
Ms. Franklin and the CEO having principal control over the accounts with an
authorization matrix in place to ensure appropriate oversight of payments.
GAIN raised £194,208 in funding from corporate sponsors in the investment
management industry & personal donations during the calendar year 2021,
�hich �as more than adeq�ate to f�nd the charit��s operations d�ring the
period.|||| 2 ACTIVE/105744648.1 |**Section C**|**Objectives and activities**| |---|---| |Summary of the objects of the charity
set out in its governing document
The objects of the Charitable Incorporated Organisation (�CIO�) are: (1) To
advance the education of the public in the fundamental skills necessary for
careers in professional investing and investment related fields: financial
analysis, investment strategy, basic finance concepts and economics, critical
thinking and analysis, presentation skills and leadership concepts; (2) The
promotion of equality and diversity for the public benefit by providing
educational and work experience initiatives targeting girls and women
attending schools, colleges and universities designed to address the
underrepresentation of women in senior decision making roles within the
investment industry.
Summary of the main activities
undertaken for the public benefit in
relation to these objects (include within
this section the statutory declaration
that trustees have had regard to the
guidance issued by the Charity
Commission on public benefit)
GAIN is a community of investors set to change the staggering lack of gender
diversity in investment management, from the ground up. GAIN educates
young women about and inspires them to pursue careers in investing with a
suite of online resources and a strong network of female role models, who
speak in high schools and universities around the UK and feature on our
online channels, delivering compelling and high-impact messages on the
many benefits of investing as a career.
Additional details of objectives and activities (optional information)
You may choose to include further
statements, where relevant, about:
� polic� on grantmaking;
� polic� programme related in�estment;
� contrib�tion made b� �ol�nteers.
GAIN is building a substantial volunteer network, which comprised c.600
volunteers at the end of the 2021 calendar year. The volunteers leverage
GAIN�s content to deli�er ed�cational talks in schools and �ni�ersities aro�nd
the UK (see summary of achievements, below).|| |**Section D**|**Achievements and performance**| |Summary of the main achievements of
the charity during the year.|In 2021, GAIN expanded its outreach to students. With our increased
outreach and volunteer support, we were able to reach 5745 students in the
year. Some key successes include:
�
Organised 84 events throughout the year�41 university events, 27
school events and 16 industry/partner events, Since launch in 2019
we have reached just under 10,000 students through our events and
programmes
�
Summer�50% of the interns on our Summer 2021 (inaurgural)
programme were offered full time roles
�
September�recruited a part-time Programme Manager
�
September/October�2ndGAIN Investment Internship Programme
launched to student network. Increased demand from corporates and
students (455 student applications compared with 185 in the first
year). This resulted in almost 100 interns placed with 70+ different
investment firms for Summer 2022. The programme includes a
preparatory training programme and pairing with industry mentors.
�
November�launched inaugural GAIN Investment Insight
Programme (GIIP) for first year undergraduates with over 60 student
applications. The programme included weekly information sessions,
mentoring, a virtual portfolio competition and insight days with
investment firms in London
�
As of December31st,wewereveryhappywithourprogress�| 3 ACTIVE/105744648.1 ||o
our volunteer network increased by 50%.**600**talented &
enthusiastic volunteers have signed up to be GAIN
speakers and mentors
o
worked with students at**35**universities in the UK
o
**c.500**students registered in the GAIN student network
o
**49**GAIN student ambassadors participating in the mentor
programme
o
existing sponsors renewed sponsorship and gained**9**new
sponsors
o
increased social media presence and all events and
resources available on the website
o
plans in place for new initiatives in 2022, such as increasing
GAIN�s ed�cation partnerships, additional partner e�ents
and an investment competition| |---|---| 4 ACTIVE/105744648.1 |**Section E**|**Financial review**| |---|---| |Brief statement of the
charit��s polic� onreserves
The charity maintain adequate reserves (currently in cash) to fund forward
operations for 12 months. The charity does not commit to events or other
expenditures unless and until funding is secured for it.
Details of any funds materially in deficit
None.
Further financial review details (optional information)
You may choose to include additional
information, where relevant, about:
� the charit��s principal so�rces of
funds (including any fundraising);
� ho� e�pendit�re has s�pported the
key objectives of the charity;
� in�estment polic� and objecti�es
including any ethical investment policy
adopted..
The charity is funded by third-party contributions. The main areas of expense
(see accompanying financial reports) are:
1.
Staff costs & consultant fees
2.
Programmes�internship programme for students
3.
Marketing�website, newsletters
4.
Other general expenses eg. insurance, payroll|| ||The charity is funded by third-party contributions. The main areas of expense
(see accompanying financial reports) are:
1.
Staff costs & consultant fees
2.
Programmes�internship programme for students
3.
Marketing�website, newsletters
4.
Other general expenses eg. insurance, payroll| |**Section F**|**Other optional information**| ||GAIN raised £194,208 in funding from corporate sponsors in the investment
management industry & personal donations during the calendar year 2021,
�hich �as more than adeq�ate to f�nd the charit��s operations d�ring the
period. At the end of year we had cash reserves of £84,793.| |**Section G**|**Declaration**| |The tr�stees declare that the� ha�e appro�ed the tr�stees� report abo�e
Signed on behalf of the charit��s tr�stees
Signature(s)
Full names(s)
Position (eg Secretary, Chair, etc)
Date
Anne Marie Fleurbaaij
Co-Chair,Trustee
0
9
0
6
2
2|| 5 ACTIVE/105744648.1 CHARITY COMMISSION FOR ENGLAND AND WALES Receipts and payments accounts or from e perio CC16a Section A Receipts and payments Unrestricted funds to the noarest Restr5cted funds Endowment funds Total funds Last year to tho noar881£ to tho nearèstE to the nearest É to tho nearest £ A1 Recelpts Don31iDn Ali£ Advisers Donation. Arisaig Parttye Donation Brown Advisory Oonalion. Capital Gi¢wp Donation CDAM 25.000 15,000 9.948 1,500 10,000 200 5,DOO 10.000 15.QOD 10.000 25.000 2.7QQ 28,000 20.000 1,000 1,279 25,000 15,000 9,948 1,50D 10,000 200 Donation Cheyne C&pi Donation Corten Advisor5 Donation. Cyrus Capital Donaiion Egerton Cap1181 10.000 15.QOD 10,000 25.000 2,700 25,000 20.000 1.oao 1,279 Donabon GIC Donaiion Independent Fpnthige Partn8 Donatson Mondiian Donzlion PIMCO Don8t￿n Vint8ge Invegimeni Partners DonBlion via Qnline Plaiform ICAFOnlinel Donsiion Individuals direct to bank account 15,561 2,021 15,561 2.021 Sub total(Gmss income for AR) 194.208 194,208 A2 Asset and investment sales, (see tablel. Sub total rotal receipts 194,208 194,208 A3 Payments Staff costs GAIN 1&8m Staff CDSts HMRC staff Costs. Pension INES Markebng Pr￿rammeS Ilraining & Tnarketsng wslsl Other Iinsurancfr, payroll, NLA Media Acctssl 95,849 6,959 1,444 1,085 2.980 1,09B 1D9,41S 95,849 6,959 1,444 1,085 2,980 1,098 109,415 Sub total A4 Asset and investment purchases, (see table) Sub total Total payments 109,415 109.415 Net of receipts/(payments) AS Transfers between funds A6 Cash funds last year end Cash funds this ygar end 64,793 84.793 84,793 84.793 CCXX R1 a¢counts ISSI 0510712022 Section B Statement of assets and liabilities at the end of the period Unrestrlcted funds to nearest£ Restricted fund8 ngore51 £ Endowment funds Categories Detalls to neare3t£ 81 Cash funds Total Gash funds Unrestrlcted funds to neare5t£ Restrictèd funds to noaro$1 £ Endowment funds to nearest£ 82 Other monatary asset5 Fund to whl¢h asset belongs cur￿ntVaIue Details Cost I¢piionall Fund to whlch assgt bplongs Current value Details Costloptionall B4 Assats retained for the charity's own use Fund to which liablllty rfrlat&s Amotjnl du• When du8 Detalls B5 Liabilities Signed by one or Iwo InJst885 on b8h8lf of all th8 trustee8 Date of roval 8Iui8 Print Name CCXX R2 accounts ISSI 0510712022 Independent examinerfs report on the accounts Section A Independent Examlnerfs Report Report to the trusteesl members of Girts Are Investors On accounts for the year ended December 312021 Charity no (if any) 1182317 Set out on pages No additional pages. I report to the trustees on my examination of the accounts of the above charity ('the Trust") for the year ended Responsibilllles and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respert of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in Carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent I have completed my examination. I confimi that no rnaterial matters have examiner's statsment come to my atterrtion in connection with the examination (other than that disclosed below ') which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord wtth the accounting records; or the accounts did not comply wtlh the applicable requirements conceming the forn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no concems 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. . Please delete the words in the braGkets rfthey do not apply. Slgned: Date: Name: HEMCL SAA Relevant professional qualifi¢ation{s) or body Ilf any): Ckt AL(tsL*-r4 1 Ar4 f INS Ti f￿r￿ c)F L4IAILfosLc4) A LLD TANfs It4 Afvjts Address: s HILLLti£ST AWENKAÉ EpGwAIÉ HA8 8NZ M l￿D￿sE¥ IER Oct 2018 Section B Disclosure Only Gomplele If the examinei needs lo highlight matenal matters ot concem (see CC32, Independent examination of charrty accounts." directions and guidance for examiners). Give here brlef detalls of any items that the examiner wishes to dis¢lose. IER Oct 2018