ChaTilj rtgi5trntioM nuThber 1184661 C•mpawi number 11432700 (Englind Wales) GLOBAL ALLIANCE OF IMPACT NETWORKS ANNL1AL REPORT AND UNAI1DITED FINANCI.4L ST.4TEI¥IENTS FOR THE YEAR £NDED.W JIINE 2024
GLOBAL ALLIANCE OF AI¥IPAC7 NETW'ORKS LEGAL AND ADMINISTRATIVE Ih'FORM.4TION Trustee5 Nain3 subbcrwal Chxrit). number 1184661 CompA Th>. Trumber 114327(A ReglJ¢ereil ortlce Quadr•iit Houx- n(y>i O 4 Thom*s More S4uare London Elw IYW David AllM FCCA UHY HackeT Young Quadr4ni Hous¢ 4 ThottHs fvIoTe SquatE London EIWIYW Bllnker5 HSBC Bank PIC CThurch Sirter crt>iidgc Surrey KTII SDF
GLOBAL ALLIANCE OF AI¥IPAC7 NETW'ORKS CONTENTS Page Trustees, report Indepetyjeni examirtels rewrt Sialetnenlol-till3DC)al aclivili¢s Balance sheet Noies 10 Ihe fJt*ttcial sthiemerts 7- 11
GLOBAL ALLIANCE OF AI¥IPAC7 NETW'ORKS TRUSTEES. REPORT {INCLUDIP4G DIREcfoRS' REPORT) FOR THE YEAR EP4DED 30 JUYE 2024 Thc InJ%rets prc8cni iheir annual and financial sthiemenL% forih¢ yeartndcd 30June 2024. The financial slalejnenls haTr¢ prepmrd in accgTd3nce wilh ihe accouniing rrt)licies set oul in not¢ I to th¢ finaLia1 siai¢lli¢E)1s a1 Lompl> .1¢h thr ihariiv's bioierninbl IJUm¢nl. th¢ Comp8Trits ALI 2006 and"Ai¢vuiiiin¥ and Reporiing hy Cbiies'. S121emeni ol Re¢omm•)ded Praciiee applicab 10 ¢hanieS prepari Their accounis in aLLrdance "ith the Financial Rerring Srdndard appliLdble in the UK Republic of I[El]d IFRS 1021" Objetlivts ttivitie$ Cjlobal Alliancc of In4)a¢i N¢DVOS {"CJAIN-l is a non-gth'cmmcnt owdniviiot) inco4xNxicd on 25 Junc 21118 and it is Worki on prornL)tiiig the %oluntary seitOT for fv public ter11 by suppM>ning Jtsl pron]OtillL the dewelopmeTrt of s(Kial inlcsrtmmr lor Ih¢sL pwtX)$L. Vision is io-. Ass'ibt in creatin¥ a diveraT tnarketPL-e for aLtessinbT hutnan. filia1 and intelleitl Ldpital fur non-profits ¥nd social enterprise.4 ai 811 si8ges of iheir devdopwii. Perforrn a Tole Cor Trenture phiiallthrop), hich completneDl5 atkl streiigthens trddiiional forn]s of fundinb ITOrn loundaiiws gOMMen1$. • Be a global OTgalli5alion that wotk& to JDake a 51yificant Jtupllcl i>ll society. We will do that by.. Prumotin¥ the expansion of ventuie philanthTwlgKI entetprise thioughuut Eurupe. Asia, Africa. Kliddle and Lgtin America. Makirta tu vrgranItl0ns. Providing N'alue add sct¥'i¢CS 8ndorothcr firAnCe lo ¢)rganis&tion5,' PIuJiJuiUib Vidiijir ktJvwlLMI8¢hIt fut all pdtlies 10 iij Uieit <lUj philanthropy a¢liTrili¢s.' Prvmoiinbt cvlldburthivn¥bctwe¢ts difftreni playus. Th¢ tnJ%r¢¢s haN'¢ paid du¢ regard to guidHTrf¢ issued by lh¢ CIKvity Commission in Ikciding wht activiti¢9 the hdrity shutsld undcrtake. Achie%"ements and ptrforniaD¢ The etablISh[et uf GAIN reptesenled the fortTrali5Jtion of work already in PTOCeSS low2rJs buildinbT tt LTlvbal movemeni ro increase the tlow ot-ditTereTht t)yes of capityl io address k.ty social thallenges. gnd ihr(wgh greater co0ration dnd kllowledLFe 1rnprve the ijnpaci if the phiianthrupiLsucuI ill>estnient sector. Prior lo the esrablishrneni ot" fjAtN Ils Board Members and Execuiives have pla}'d kej ft)les in ihe dei'elopmenr of lour tcgyiollal tnetnbetthip L4sociatiun% IILNL4il ID Europe. As1& Ac and Latin Atncrica. cullectivel}' this represents Imost I ICXI soiial ini'¢styn¢nl OTganisaiions globally. Th¢s¢ organi5ations are all provid¢rs ol ¢ilh¢r finalia1. lillall. Irii¢lleiLUdl lpl1d1 diid InLlud¥ fowliVl. LIlIwldllvj fdlljily vIfJie%. pn)lts%i&KJAI rviie fJfiiJ%. £quily ¢onunuTLily, univ¢rsiti¢s ld goiernment relw¢d orgaTusaiions_ Promoting svn¢rgy bel.¢¢ th¢s¢ dilf¢r¢Tht <apithl proi'idcr.s r¢1$ morc substhniial valw. Financlal rci.icw The Inist¢e%' aim i$ 10 fre¢ r&%¢r¥'¢s in Un1¢[¢d ai a level that u'ill prokide 4iJfficieni fvndq io coTreT SUPPtsTI and go¥emanLe LY61s fora mirtimum tsf 3 moNhsofowdiiLin. The aiiual level of these reserves ar_lo June 21114 w3% L?11% 567_
GLOBAL ALLIANCE OF AI¥IPAC7 NETW'ORKS
TRUSTEES. REPORT {INCLUDIP4G DIREcfoRS' REPORT)(CONTINUEDI
FOR THE YEAR EP4DED 30 JUYE 2024
Thc irn%rets Iia¥'e &8%£sYd th¢ trojor ri.sk8 10 wliicli eharity 15 exTr)sed and are
GLOBAL ALLIANCE OF AI¥IPAC7 NETW'ORKS
TRUSTEES. REPORT {INCLUDIP4G DIREcfoRS' REPORT)(CONTINUEDI
FOR THE YEAR EP4DED 30 JUYE 2024
StaiemèTht oCtru$toéJ' té4¥on$lbffilldÈs
The Inisi¥es. who dtv also th¥ direliors of Global Allia¢ of Networks for the pUSe of conipart) law. ar
rcspwsiblc tor prcpgrine th¢ TnlSt¥X, Rcp)rt and ihc fitn¢1] Matcinimis in accord3ncc 1th applicablc i9J aiwj
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GLOBAL ALLIANCE OF AI¥IPAC7 NETW'ORKS INDEPENDENT ExAlINR..$ REPORT TO THE TRUSTEES OF GLOBAL.4LLIAYCE OF I1P.CT NETW'ORKS I rert ro thc tllLSi0n my exminari(ffi of rhc finarKial %thtcm¢nt% of Global Allia¢ of Im1 NWOrk% Iihe Lhdriiy) forthe Jear eThded 30 June 2024. Responslbllltles and basi5 of report As the tn't¢¢) ot.the iharity land also it> th"r¢clLif5 tor th¢ puwrAJs¢s ofcowy law'lyou ar¢ re5pxisibl¢ tor the prcparaiion of Ihc fi¢)anci41 sthtcmcthLq ¢11 a¢4bTd•Dc¢ with ihc rwuiTClW)tsof the CDmpanie4 A¢1 21M)fi lih= 2110fi Acil. HaN'iTbg 5aliried Tnyself that the finaTrcial aleJnent% of the chariry Tequired ro be audited under Pan 16 of the 21XJ6 Aci a1 are ¢ligyibl¢ lor ind¢F¢IKl¢ni uaminaiion. l Tew1 in res[[ Lb(Jnv ¢xaThination of the ch4rity s finan¢i41 siaiemenis iarried Iwji underse¢iion 145 of ihe Chariiies Aci ?01 I (the 2011 Aerl. Tr) carying oui ms, eiaminalion T have follo,¢ all the appliuble DIT10% 1ven by Ihe Charity Commi45ion under ¥Axion 14515)(bl of (he 201 I ACT. Itbdependent examlner's sttement I haNe ctrmpleied my examin3r1. I confinn Ihai no inallers haNe come to arenrion in conneciiw wirh the ex3miDatlUIi bTi% in¥ m= Cdllse to klieve ih in any Jnatenal rpeLl.. LLOUThtin¥ reior&% were n(rt kepi in r£s]KLi uf iharity as wuired by stition_186 uf the 2(M Acu UT the t1[nCial sratetnenL& do not accord 'ith th( reco$." ( the financial sthtements do not comply with the aiLounurtg Tequiremettts of sectiort 396 of The 21A)6 Act OthEr tiian any requir¢m¢nt thai Ihc a¢counis gil'¢ a irn¢ and tair %'icw ii.hich is noi a m0llcrc7$idcred as part ot.an indepei]dent eiatiOn.. vr the finanilitl stutctnents haie tmii ptepDred m acLvrknLe with Ihc meth atKI ptitKiples uf ihe Stalernenl Lif Rewrnmended Prn¢lic¢ tora¢ting and T¢kn8 by charili¢5 applirdble lo charili¢s ppanThg Ih¢iT arcoun accordance wilh ihe Financial Reporting Standard applirable In Ihe UK and Republic of Ireland IFRS 1021. I have rM> LoeTn$ at)d hatre come aCTDSS 01alletS in thneCtIOn wilh ihe exami1) io whiLh aiitnlion -diL)Lild be drnw"n in this rep)rt order to enable a pr(r un(kr%i8ndJt)bT ofihe filnClIsT91eInel% to be hed David Allum FCCA UHY HaLker Yuun¥ 14 Park Row Notlin¥ham Nfjl (R Dat¢il...71 January 2025
GLOBAL ALLIANCE OF AI¥IPAC7 NETW'ORKS ST.4TEMENT OF FINANCIAL.4cfiviTIES INCLIDif*G INCOTrIE AND EXPENDITLRE .4CCOITNT FOR THE YL4R ENDED JUNE 7024 UnrE5tritted Unre5trictEd funds funds 20?4 202.1 Not Income frojn.. tknnaiion5 nd I¢81c3 65.2x6 467.522 enditure oll: C harildblc aitiviljy 252,482 291,178 Net {eipEThditureVincomc lor tbt jearl Net mol'emtlli kn funds 1187,1961 176,344 Fund balances ai l Juty 2023 395,76.1 219,419 Fund billiees Ai 30 June 2024 208.$67 195,763 The 51aleJnenl Dt'tinaniial aciiNiLies include5 all gains and losses reniSed in the year. The statement uf fill3llcidl aLl)ltieS include5 all galS and losses tecogniged in the year. All inEO]ne a[ expenditure dcTii'V I'roTh continuirJ% actii'itic& Thc slatcleI of fitkiKial aciivilics also cthnpllcs wiih th¢ rquirLincnis fty an in¢omc atrd c%p¢ThliriiT¢ akyouni undcr the ComFwllie5 Ail 2(M)6.
GLOBAL ALLIANCE OF AI¥IPAC7 NETW'ORKS
BALANCE SHEET
AS AT30JL Tr4E 2024
2024
2023
Notes
Current •et5
Ca
GLOBAL ALLIANCE OF AI¥IPAC7 NETW'ORKS P'OTES TOTHE FIN.4NCIAL ST.4TENIENTS FOR THE YEAR EP4DED 30 JUYE 2024 polltle$ Charih information Globa] ALli&nLe of Imt NetwThks is a prii'ate co]npw limitd bv gu&taThtee incfj[rated Ertglattd artd Wal¢s. Thc rcgist¢r¢d officc is (h]adrant Hou%¢- Floor6. 4 Thornaf Morc SquaT¢. London. Elw IYW. Tk financial tatc[ncnts hait Ikx-n pt¢par¢d In 3c¢ordart¢t "iih Ihc ¢haTity'S goviming dotumeni, tht Companies Ait 2006. FRS 10)'Yhe Fi1Cl Rwrting StandaJYl applicable ITh die UK and Republic uf Ireland" I'FRS 102.1 and th¢ C.h8rirics SORP"AccoLmiing R¢twiing bv Chanries.. Siaten)cni Df Rceommcndcd Prnctlie appliiable to ihaniies prepdnn.. their aLlu15 in&iordanLe with the FindnLial Reporting Stdndard applicable in rhe UK al Republie of [lattd IFRS 10?)" letTecri¥'e l January, 20191. The Chari. is a Public Benefit Entity defined by FRS 102. The eharity tskett adi'atttage of the provJsiO]IS ith the soRp forchaiiiies noi to prepare ts Ststemetst of Ca%h Flow'5. The financial sIJleMent are prepaTed ID ¥lerlinur, w41ich 1% the fu[ cutTency vf the cbarity- Monetary a mounts ID ih¢s¢ fiDaniial statem¢nl$ are roundeQ to ihe nur¢st £. T1 finanLial siaienKnis hv¢ betn prepard under th¢ histvriiul Lujsi ?¢4711n. TIK priniipxl dLKullniing polieies adopred Jre sei oul below. .2 GOI conce Al the IIiDe ot"approN'iDg th¢ tinaDfi31 th¢ tru5te¢s hav¢ a rvwnablt exp¢oalioTr that the-haTity has adeqiii?ie reLly¢ t() cimrinue Iii 0ra110Thal ekiienc¢ for Ihe forewblt furnre %hoiild rlie tru%reth wilh 10 do so. Tbus, the IT51e conllljue 10 3dq>l the EOltE ¢ontem bas.is of aitOUDling prewing tbe financial statcmcnts. Thc charity will continu¢ ti) k supIxyt by it5 mmccs to¢nsurc that it mccts its liabiliticb a5 th¢y fall duc ix}WeCr lh¢ tlly to day havr laryely txen pul on huld a5 In thc ITllslee&' tryrt. IJ Charitsble fund5 Unre%iri£ted futxl% are available fnr ai ith¢ diyy10n of lh¢ tN¥e¢% in fvrthmnce of tsir chariiable objeLtives. Rc%lriclGd fundE arc %ubjccr to spccrfic conditions bydDn(Y5 or gTanlots IE ro hoiv Ihcy Tnay IK U5cd. Thc purposes and uses of the rLsiricl fwids are setout in ihe notes to the financial statettJent> Endowment funds aTe 10 %lfie eth]dilions by donor5 ¢iipithI mLL%1 b¢ mainLiin¢d by Ihe charitv. JA Incone Incorne is nYo?niscd Wh th¢ charjry is Icgglly cntiilcd ro ir aftcr any t¢rfonna¢ cofflditiorJ5 liavc bc¢n mct. the amounts ian be meabured reliabl>. and it is pmhble that income will be reLMv*L
GLOBAL ALLIANCE OF AI¥IPAC7 NETW'ORKS P'OTES TOTHE FIN.4NCIAL ST.4TENIENTS (CONTINVEDI FOR THE YEAR EP4DED 30 JUYE 2024 Attoitttittg polities Icontinutdl l.$ ExpeDdlturÈ Liabilities are tecogpniA 95 rewurct5 ex[(lea sn there 15 a leLal ur ci)nstruclii'e obliLdtion LunimiTtin the Thariiy io the t%nllure. All exndI1ure is •ccounied for an accruals basis and has been Classified un¢kn headings Ihit agye¥ale dll costs trlakd lo thr rdtegory. GoN'txnanLe and 5UPPOrt co]nprise all costs in%olhin¥ the EKLblic COUntablI]lY vf the CbaTily and its compliancc wilh r¢gulatlW and gwd praciicc. including all mwagcimcni and wJiKinisrrarivc cosis. All ¥overnan¢e and 5UPWt costs a]t incurrd in conn¢rlion with charirable #clivili¢s and have Ix¢n all0¢ad drcotdingly. 1.6 Cgh and tash tqwivalents C'ah ca4b cqui%'ulcnts u]clude c&sh in hand. dctx>sits hrld at rau w]th (thr thort-tcnn liquid inveslrnenls with original maturiiies oiihr¢¢ nionths Or1$. arHI bank owerdraft-. Bank overthfts aTe show'n Vtrlthin borro.1g5 JIi cutrent liabilitjcs. 1.7 Flnamelal lll$trumenis The ihgriiy elecred 10 •wly the provisio of Section I I 'Basi¢ Financial Insirumenis. and Seciion 12 '0iher rin4¢11 In>truTncnts Issur>' vf fRS 102 tv 1 vf its rIfila1 ill51TUltKn75. FiLIa1 instruTr]en15 a iecoLTnised in chatity'5 balance sIt the Lharity becornes party tu the contr4ciual pro¥isions ot"Ihe insirummi. Financial assetsand liabililits are oltseL wilh the anM)uns presen1 ill the financial slat15. when tlitre is a Ic¥ally cnforccablc right lo Dff thc trcogn15cd and rhcrc is atb intcntion tD scftlc on a nct basis Ot ID realise the asset an41 settle th¢ liabiliiv 5imultan¢ously_ Bdsic finanLial asseis. whiih include debt and c3sh and bank lYalaDces. 3re initially Mred at trdnsaLtioD pnce including transaction costs and 3rc subs4NUimtl>' c4rril 81 gmorti4 5t usittg ih¥ ciYiYiiN¥ inT¥r¥st meihd ut)les5 the dtrdnbremeDt Lvnsliiuies a findnling aLlIU[. 'he the Irdnsaitiun is medsured at tlie pr¢5¢nt Vali of th¢ tului¢ r¢¢¢ipls di%¢(wnted at a matket rAr¢ of inte[. Fir131 t5¢15]rled as rgxivab.l¢ wiihirn tsijr dre iivl anN)iiised. Basic fInLjaI Iiabililie5. ItKludlr LyedilLs atKi bank loa5 Itbilially Rrogni5ed at trA5Ctilll pnLe unless the atrJng¢m¢nt ¢oDstilul¢> a tinanring Irdnsa¢tion. where the debt instrum¢nt is JD¢asured al th¢ pr¢5¢nl valu¢ Dt" the future tYdyTnenl% discounied al a nwket rateof Inte1. Financul liabjljiies cia55ified payable within one year are noi amortis¢d. Debt instrumertts aTe subsequem]y cattied ai amortised co&1, using the effLLlive inte1 raie method. Tra(k ireditors are obligatiotkS IL> pay fuT seTViLes ha¥e been dLqUItEd in the urdiThdry course uf 0tionS ITOrn >uppliers. AtTh)unis pavable aye Classifled Cur1 liabilities if paJThefflt is due within one yr r le55. If nvL th are PTeselll¢d a5 n<U[tent Iiabililies. TTade Ltrditurth atr recuyisLMI inilially at tTan5dCtisJ priceand subs¢qu¢rbtty trb¢35UTed ai arTh)rti1 cost using th¢ eff17%.e inr¢sl Th¢thod.
GLOBAL ALLIANCE OF AI¥IPAC7 NETW'ORKS P'OTES TOTHE FIN.4NCIAL ST.4TENIENTS (CONTINVEDI FOR THE YEAR EP4DED 30 JUYE 2024 Attoitttittg polities Icontinutdl DerecoKJYirion ofjinancialliobilrfie Financi31 1iahilitlS art drecOg171< whcn chariry's contra¢nl ohli8arions eXPiT¢ or arc discharo¢d or can¢ellLXI. Donations and legai4vJ 2oz4 2023 Donations and gills 65.2x6 467.522 Charitable 2Ni¥itie5 2024 2023 Promotloth of phM*tttbrop) ConsllltanLy 1¢ fonlerence expenses sUbC[lp1in ftt% Webiiie costs ICiairlllo%4 i>n foTci¥n cxchangc Bankchargts Don105 Tnade kn the Askin Venrure PhilanihTDPy Nerwdt Donatiuns tnade io Lalirtbtmcto AccOnneY 21.7.?29 5.5$6 247,624 X13 5,558 24,488 14.16.31 1.099 5,058 66¢) 248.318 286,642 Share of govetrLince cosl%(see tKkte 4) 4,1()4 4.536 251.4RI 291,178
GLOBAL ALLIANCE OF AI¥IPAC7 NETW'ORKS P'OTES TOTHE FIN.4NCIAL ST.4TENIENTS (CONTINVEDI FOR THE YEAR EP4DED 30 JUYE 2024 sllprt tosts Goveron¢e 2024 2023 IDd¢p¢ndeni ¢xaminee5 fees 4.164 4,164 4.1(A 4.164 4.536 Analvsed betW¢n Chatitable activities 4.164 4.164 4,536 All s0cn¢ and cost% arc incurnxi chariLghlc aoiviiicFgiKI hal'c allocatcd 8ccordingly. Tn]sets Norte of the tru&rteeg lot arty petsong .]th them) Teteived any rtmutteration or benefitg from the chattly during the ytrar. EM0).¢¢5 Th¢r¢ w¢r¢ no P10ye¢S durin¥ ib¢cuTh¢ni y¢aror prior v¢ar. The Jdminisiraiiort a[ wrtDing of the tharily is beIll urtdenaken ott a volumary basis by the Tntsiees artd paid consultants. Txtlo Th¢ Charity is ex¢mpi Irum wxaiiM on ils *LiII'iii¢S all ils inMe is a11¢ f4)T ch#riiable pury)o&ts. CreditDr5'. talllng due wlthlD One).r 2024 2023 AicTuals and def¢T[ IDcume 4.21KJ 4,356
GLOBAL ALLIANCE OF AI¥IPAC7 NETW'ORKS P'OTES TOTHE FIN.4NCIAL ST.4TENIENTS (CONTINVEDI FOR THE YEAR EP4DED 30 JUYE 2024 Unresttltted fund5 The unrtstricied fllnds of the charits. the urbexpen(kd knl&nces of donations and graTrI M,hich aTe not subj¢LY io spe¢ifii loniliiiuns by (luwr¥ and anivr) as 10 IKTrw th¢J may b¥ us¢d. Th¢5¢ iKluJ¢ d¢si¥1ndl tunds which have been sei aside out 0ruths1cIed fvnds by Ihe Itte% forwifiL pun)tsses. At l Juty 2023 llltomiK% rtsoureES Re)reeS At 311 Jun 2024 ()eneral funds &5JXb {"15j.4Xi} Prevlous year: At l Juty 2022 llltbml Re)re expendpd At 30 Junt 2023 resources Genernl funds 219.419 •91.178 395,763 10 Compn> Ilmlted by guaraniee T1 IIMLI of th¢ioi&l SPU¢¢¢5 of mrmbcn of the tThmnied tiTr £5 ai thr beginninbt n¢J rnd uf ih¢ year. 11 Relattd pn} trnnsa¢tloMs trIng the jear donatians iotallin8 LNil 12023_. £?9%.9(Allwe rvxcivcd frll rEl8trd parrics. Thcr arL" no resiriLrJolls or COli¢jo$ rtlating 10 donlOn5. Duiingb Ihv yeat(h)nations of £31.43712021- £NIll wete iu AVPN. a rclalul party.
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