GLOBAL HEALTH 50150 {GF15050) FINANCIAL STATEMEKfs FOR THE YEAR ENDED 3 1ST MARCH 2024 CONTEKfs AND COMPANY tNFORMATION PAGE.. coKrENTS'. Trustees, Report Auditors, Report Statement of Financial ActiviEi&S 10 Balance Sheet Statement of Cash Flows 12 Notes to the Fitwicial Statements 13- 18 The following page does not lorrn part of the Ststutory Fin8cLaI Statements: Det&iled Statement of Fall¢la1 Activities 19 TRUSTEES: Chair: Tianrian Chen Lorna Thornpson Emma tthule Cresiwed 31 st March 2024) Peter Caff&erkey Paul SaDsome TREASURER.. Paul Sansome REGISTERED OFFICE.. Globa] Hoalth 50150 Reg Wellington House East Road CamDridtse CBI IBH REGI8T]L4TION NUMBER.. CE025573 REGIS'I'PRID CHARITY NUMBER: 1194015 AUDITORS." Prentis & Co LLP Cbartered Accountants & Statutory A¥Jditors 115¢ Milton iioad Cambridge CB4 IXE BANKERS.. Unit). T[1 Bank PO Box 7l9) Planet Road Willenhall Wvt 9DG WT5e Payfflents Ltd 6th Floor, The Tea Build&ng 56 Shoreditch H',gh Strect London E, 6JJ
GLOBAL HEALTH 50150 (GH5050) FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 ST MARCH 2024 TRUSTEES, REPORT The TNstees PTes¢ni their report and fman¢ial statements for Global Health 50150 (GH5050) {the"charity"I for the yEar ended 3 1st March 2024. The fan(EaL Statements have been prepared in ac£ordance with the a¢¢ounting policies Set out in not¢ I to the financial ststem-nts and comply Willi the charity5 trst deed, the Charities Act 2011 and Accounting and Repotting by Charities.. Statement of Recommend&1 Praciice applicable to charities preparing their financ'.al statemellts itt accordance with th¢ Financial R¢porting Standard applicable in the UK and Republic of treland (FRS 1021 (effective 1st Jarsuary 2DI9). STRUCTURE. GOVERANCE AND MANACEL¥IEwr Cjoverlling Doeument Global H¢alth 50150 is a ctwitable organi5ation (CJO) registered as a charity with the Charity Commission (England and Wales). The CIO appou]ts it tru5tecs under tern of a CIO F¢Jundat:on do¢uTn¢nt dated 7th April 2021 (referred to ivs constitution). Organisatio Global Health 50150 is governed bv a Board of Tnlee$ composed of four metnier5 from diverne di%ipli113ry backgrounds including financial. legal. philanthropic, gender and global health expenise. The Tru5te£s meei forllmlly approxin]atcly four times throughout the year. 'rrustees Induction and Tr&ining The process for the indiiction of new Ttle¢S comprises t[etingS with the Chair of TTUStees and other Trustee& and new Trusiees are also provided wlth current and previous Armual ileport &id Aecounts. In addition, the Ttee5 are provid¢d with guidance from the Charity Commission otL the dutieg of a Tnjstee and Provided with key doCuentS relating lo the runctioning of Global Heal&, 50150. Risk Management The Trustee5 h8v¢ agreed a risk management framework alld review changes risk at each fornJ&l meEeting. They have established systems and contingency plans to mitigate them. (al Rcseiwes h%ve been reviewed and are c0Tr5idered sufficient to enable the charitys objectives to be achieved in the edillm tenn. (b) Kcy internal coniroLs have been revsewed and aTE COt]sidered sutYicicnL The Te¢S have reglklar access to and oversight of all financi41 reportitig and ManagennI coUnt$. (c) Adequate tne&sures are in place trthe eveTLL of the Charity ceasing to operate. (d) Risk register is teviewed periodically at Trustees. MeetlAigs. OIUECTIVES AND AcfiviTIES DURING THE YEAR Our MisSIOII Glo[ Health 50150 is an independent research initiative that infornu. inspires and iRcit£s actioll and a¢¢ountsbility for gender quality #nd health 4uity. We fulfil our nission by.. Infonning global discourse with the world's Tn()st rigorous and extEll5iYe index on th¢ State of gender equaliry in glob& organisations active in health and health w)licy Inspiring a vision of a new Thortllal for gellder equality in global health • Incitillg a niovemettt to demand and deliver the policies thai will lead to gender equality in the w0P1a£C and in global health progratnmes. Our Visio Better health and equal opportunities for ail yxople of all genders. everywhere.
GLOBAL HEALTH 50150 {GH5050) FINANCtAL STATEMENfs FOR THE YEAR ENDED 3 1ST MARCH 2024 TRUSTEES, REPORT ......... .....JCONTINUED Our ValueB Equity. fairness and justice Inclusivene and diversity Transparency and accountability Excellence driven by rigorous r¢sear¢h, evidenc¢ and pe¢r-r¢view 'Glocal' coll&bor&tioD and partnerships for lasting impact for those need it IE1051 everywhere . Solidarity, capacity strengthening and knowledge sharing Our Gulding Principle5 At GH5050 (Glob&l Health 50150), partnerships are the heart of how we deliver rigorous, impactful research and drive systemic change. Guided by a comtnitment to equity, ethic5 and excellence, we collaix)rate with organi5atious 2nd individuals who Share our vision of advallcing gender and s¢xial justi . VUeS-dr1Vell approach.. Our work 1$ rooted in adVan¢]g so¢iLI justic4 guided by frameworks like the Universal Declaration of Hutnan RiglLts, the Sustainabl¢ Ikv¢lopmen¢ Goa15 and the Beijing Declar&tion and Platfom for Actioii. Inclusive work culture.. We foster & ctUre that vaiiJes diversity, equtty and inclusioo holdll OUL3¢1N'es accountable through continuous reElection and itnprovemcnt in our prnctices. * Eqllitable collaboration.. From project ClHlesign and gov?mance to recognition and shared benefits, we ensllre every ¢ollaboration is rooted in fairness. . Comrnitmtnt to trSparenCy. frdnspar¢ncJ' UndeIllS all asF¢cts of our worK from ndIng models to Teportin& ensuriDg stakeholders have timely and accurate infomiation. Diversity and plralism.. We prioritise diversity in our research teams and collaborations, valutno a plurality of perspectives, people, discipliD¢s ad ways '.0 undtr5Land the worl(L tt> etlrich our work and nplIfy i]npaer. Context-driven research: We approach research to achieve a deep understanding of its cont¢xt, critically addre55ing is511es of power and privilege. Ethical integrity.. Ethical principle5 guide both the conduct of our tesearch design and our system of governance, ensuring inteItY throughout the process. . Capacity.. Our is solutiolls41riYen, airning to redress inequalities and drive tangible change. whether that is to iTnprove women's or men's health and reduce health inequities across Lle board, as well as addri5sing women's leadcrship and economic alld gov-rnance systems. • Impacled-ori¢nted focus.. Our work is solutions4triven, aiming to redress inequ&iltie5 and drive tangible change, whether that is to itnprove wojnen's or men's health, women's leadership or economic and governanct Systems. . Social ju8tic¢ lens.. Equtiy and social justice are central to our anJl)fes and recouunendations. . Mutual btn6fiL' We ensure benefits and opportunities of the research pY>cess are distributed among als resear¢bers and rcsearGh participaats, and that research results are cthlysed for rx>sitive actioD. Reflection dnd leaming.. We embrdce Colltinuous learni0& refining our praclices to foster even tnore equitable ¢0112bDrations, . NotL-P8rtisan and inclusive politics: Ivhile addtessing Frt)wer itDbalattces. we reain democratic, non-partisaii, and non-secthrian ITh all we do. • Ethical fimding.. We only accept funding that safegllards our independeCe and ability to freely and thoroughty address ritical issues. Flexible collaboration models.. We prioritise equity iii our partnerships. ad&pring Icadership, coordination, and fvnding pproaches to best achieve shared goals. Acrountabilitv.. We are committed io being opeA4 honest and accountable ts everyone we work with, and to each otb¢r. GH5050's activities in th2 y¢ar included: . Launch of rhe 2023 At)nual Report"Workplaces.' Worse for women" For the fwst tllne. the GH5050 Reportf<)cus¢d on Sexual ana reprodudtvo health aThd rights (SRHR) in the workplace. The tieport adopted a lif- course approach to as$essiiig SRF£ii policy issues Ihat may impact women's entry. pai:cipation and advancemeryt L4e workplace. We exa1n¢d workplace policie5 of197 global organisation5 active in g oba] hrAIth for their trealn3.ent of a raiiue of life cv¢nts, from rnenstruation, abortion and menopause, to antenat care and caring responsiDilities. These findings are presented alongstdc our bietlliial review of parental leave and sexLial larassment policies. The report further pre5cnts six years of data in our annual any57S of organiiations, uender-related poliries and practices. Every year, GH5050 shines a light on whether ad how organikitions are playtng theÈ". part in adores5ing two interlinked dimensiDns of inequality.. equalitY of opporthnity in career pathways inside Orowilons. and inequality in who benefits from the global hcalth system.
GLOBAL HEALTH 50150 (GFt5050) PAGE 3 FINANCIAL STATEMENTS FOR THE YEAR ENT)ED 3 1ST MARCH 2024 TRUSTEES, REPORT.. .. ICONTtNUED 2. Launch of the Gender Justi¢e and Plattetary Health Rep)TL This review of how organisations 8Ctive ITL planetary health integrate a gender justice len5 in their work finds evidence of go1 practice and progress lowards gender parity. Our analysis of114 organisaiions reveals gaps ip geuder intigration and in planetrdfi health-ffort5. IW)ile some recognise trender inequalities, structural roots, many ovetlook gender entirelv. Gender parity. diiparities persis( particularly in representation from low- and middl¢-income countries. Thts trieDtiC report ¢omplemellts our annual Globa114ealth 50150 Report. highlighting tsrganssatioDs' con)miknents to gender cquality in global health. 3. Global food 50150 - ID paEknership with LfN Wotnen 2nd IFPRI. the fiTSt extension of the GIq5050 rnethod in a sector beyond health annually assesses wllether and how food 5J'Stetns or. ar.tsa¥ions aTe i4t¢grating gender and equality considerations in their w0- withing their organisations and govem&4c¢ 5truGture4 aad in their programmatic approaches. 4. This is G¢r.der- Since 2019, GH5050 hai invited artÈst5 from around the world to eDgage in and subinit their work to the This is Gep.der collection, a ¢oil¢ctive etfort to reinmgille and refratne gender stereotiq)es and dynatnics globally. The ever-expanding collection is widening public perceptr.on of what gend¢r equality looks like around the world. 5. Wolnen in Leadership- generating evidence, inSitS, and policy and investtnents recommendations on advancing women's leaderahip in the health sector in India and K¢ny& This work cUlmited in a special collection of 5 peer.review¢d publications in the leading health joumaL the British Medical Journal. 6. Gendered H6alth Pathways- ongoing partDcf5hip tnitiative visualising dataand geneRting ¢vider.ce on the relationship between seKlgÈnderand health outcomes a101g a pathway of r:5k exp05ure. h1t1) seeking behaviDur and the clinical care c&cade with the aim of driving g¢Trd¢r-r¢sw)nsive policies and practices. 7. Contribution5 to the Lancet CoTWTri35ion on Gender and Global Health- oftgog provision of technical suppor¢ evidence and analysis that contributes to the work of tbis global colntni10n. ACHIEVEMETrTS APID PKRFORMANCE Since its establishmeTht 2018, Global Health 50150 b&s made evidence more UDderstaTrdable, accessiblc 2nd actionable to driye change and accountability for gettder equality and health equity. By Surveying approximately 200 orgattisations active in global health annually, buildirjg gendered data systell, challenging ideas abollt Nvhat gender {itL)equalty look5 like, and exaTr.ining health and leadetship pathway5 with a gender l¢ns, fjH5050 has provoked and propelled aclion towatrds more eqi]itai)le ar.d incldsive 5y5rems for he2LttL I. INfoRMED ACTION. GH5050's alYSIS and engagement nave encouraiFed organisations to act the dat& and assessmen;s irt th- GH5050 Gender and Hea)th Index aDd driven dEmollsuable itnprovements gellder equality in he<h organis&tiotts around the world. SrnGe At$J7rsi index in 2018, G115050 hay reglergda 25% iftcpeo$e inpublic coTr¥miÉments lo gEder equality.. a 27/ increase ipj workplace gendEr ¥4allpoliL¢. and. a J5¢/0 reduclion leaaership bodiaw withfewer lha* cne-lhird of women representedin thé organiJali0Ths ¥sSEd. Ea¢hyeJr. 40-50% ofihé orgLWiStt(ionY ussessedengGge with GH5050 by validalingtheir 2. 0R6AISATJoNAL CULTURE CHANGE. Leaders report that GH5050'5 work has directly led io changes in policies and practices, just Ès young staff - partiClarlY women- report that GH5050 assessments have been a useful Lool to challenge uiifair sw)tems with their organisations. Forty-fourpÈwcent of organiso7tions who purtictpuled in Tndtpendeni survey agreed thatihe GH5050 Report helps £neOZ4rage their org£[nallO Èo copysider gender. divvsity, andinclvLfiQn in tkEir workplace LTndprogr(zmmalic work 3. SMARTER FUNDING. Funding entities use GH50<0 assessments iD. their discussions with gMit¢es, in¢ludiDg during lh¢ funding reThcw process, to urge ffinding partners to become Tr.ore gender-equitable. SIDA - The &wedish Jrtternutional D'clopme Cooperaiion Agency- requastedihai lowperform¢ng graniew cOld£r thgivperformanco dndrapthings in the GH5Q50 IndeL ondrepori how iheyplan lo improv£.
GLOBAL HEALTH 50150 (GH5050} PAGE 4 FtNANCIAL STATEMETrtrs FOR THE YEAR ENDED 3 1ST MARCH 2024 TRUSTEES, REPOEiT ................ICOKFINUED "The Global Health 50150 report is considered by the Gat¢s Foundation's Gender Equality Division to be among the inost impactful fvnded assets and reports in their wt portfolio." The Btll & Melinda Gates Found10 4. SECTOR RF.ACIL GH5050'5 gender equality impact lli the hea]th sector has Énspired the global food sector. UN Women, JFPRI and GH5050 launched Globa] Food 50,'50 in 2021. which accepts GH50iD methodDlogy and assesses So oyganisations in the global food system. Given its impact to advBnce gender equality the health sector. Global Hcalth 50150 has 8150 been nded, frotn 2024-2024, to extend its meth(Klology into two fte sectors:, JusticelLaw and EconomicslFinance 5. DIVKRStFIED GENDER IMAGERY. The ¢ver-expanding imagery coll¢ctlOD 'This is Gend¢rlliis is Gender {Inl Equality" hosted by GH5050 and published in The Guardian. has widened the public per¢eptioTY of what gernder equality looks like around the world. "l appreciale GH5050forpt¥i(ing Éogether Th is Gender'forpeopl6 to be able lo communiGaie these kindF of idge... YOU came up with such (Jn antazing OPFgrtsAtty id8a fo share ihese kind ofsforie5 beGauJe it makes ihe world o bettep. more undÉrstandingpluce to live ilL" Anwar Sadat Swak4 Photowh PLANS POR FDTLRE Global Healih 50150 recognises that it operdtes within a context in which progress on gender equality and health equdity is laggin& and eveji facing ree501ve and r¢presgÉve political and oublic counteraction. OJr 2023r27 strategy rake this into a¢¢ount and positiolls the organt5ation in a way ttmt it tan contribute positively within this Context, whil¢ safcguarding its operations aud &agIng risks. In aligning Dur strategy with SQTne D'L the goals, actions and indicators of existing global frameworks on health, gender and justice, GH5050 will increinglY contribute to and leverage exi5tiriD policy processes and portIng and accountability rnechanisn. These frameworks include (but are not limited to): . Agenda 2030 and the SInable Development Goa15 {SDG5) Beijing Declaratioi and Platfonn for Action Convention on the Elimination of All Fomis of Discriminatioll against Wom¢n (CEDAW) Generaiion Equality Global Acceleration Plan International CorLvention on the Elimination of All Fomis or Racial Discritnination The strdtegy &ddE£5ses the following priorities: Raise ou. visibility (acros5 5CCtors. staff levels, regions) of the evidence, problems, analyses and 501ution5 generaled by GH5050 reseatch Generate greater impacL moving fron) acting prIar1]Y &8 a dala repository by getting evidenc¢ Ènd messages into the right hands (decision maker5. influencer5, young people) and supplementing data with 501utions aTrd support, in partelshiP with organisational chaTLge experts, so that it is actiottable and constructive for organisations D¢liver llitsrsectioTral aud social justice evidence, auaiysis and impact by leveraging feminist t(bols, research methods and advo¢acy coalitions • Strengthen GH5050 upnveying power, l¢verngiug intellcctyal leadership to cO[eate solutions with partner5 who have omplementary interest and skills • Expand GH5050 datA engagement and impact iAto new sectors GH5050 Strategic Attion Areas Dats, Actffivation & Partnership to better understand uThderrepresentation of women and gender-responsiveness in healih KK)licies & prOgraMeS and identify and disoeminate evidenct and b&st pracuces to drive changc in different of organisatsons, )ectors. couniries and various aspects of unequal systems.
GLOBAL HEALTH 50150 (GH50501 PAGB 5 FINANCIAL STATEMENfs FOR THE YEAR ENDED 3 1ST MARCH 2024 TRUSTEES, REPORT ............. ICONfTNUED Strategy Outtomes By 2025,, Driven measurable, sllbstaniial shifts in organi5ational polici and practirx to advance geLler quality * Enhanced accoutttabiliry for intersectional geDder equality. by delivering rigorous evidence on gaps and trends in organisation&l change . Responded to deand to 5UPPOrt county-level stakeholder5 geN¢rate evidence aceountability for gender equality in thE health systcm . Brought in new llderS and ineentivised investments for our work in other sectors By2027.. • Contributed to attainment of SDG goals • Improv¢d gender-respoll5ive tx)licies and programmes in health and related s¢ctor5, globally and in priority geographies . Contribu*d to ihe Incre of women and leader5 from lowlmiddle iThcome countries (LMICS) ex¢rcisiThg deci5ion-making power aod influellce FUNDRAISLNG The charity does not actively fvndraise from the public and its only ine()me is from grant llLaking foundations. PUBLIC BEDIEFIT The Trustees have taken into account gutdattce issued by th.e C48rity Commission regardittg public b¢rLefit. The Trustees ollsidcr the chai-ity's activiiies meet the public benefii explained fuTth¢r under tne objrIveS and Activities, and Achieyetnents section of this r¢poTL FINANCIAL REVIEW The Chariws maitt source of tncome is generated from wt providers which to date 8r¢.' Bill and Melinda Gates Foundation Internationd Fo(Ml Policy Researcb InMitu Overall income for the year was f2.152,980 (2023.. £1.648.080) and fund5 h¢ld at the end of the finar.cial year were £2,097.763 (2023-. £1,058,753),. £1.842,912 (202i.' £921.993) restricted and £254,851 (2023.. £136,760) unrestri¢t¢d. RESEI RVES POLICY The Charity ha5 a policy of maintainiTrg Sufficient reserves to cover existing commitnients and those of the fotrthcoming year, donations due and its adtniDistratt"ve obligations. No upper lÉtllit is ¢on5idered necessary to be sct foT Èbe level of reserves. KEY PKRSONNEI, AND PA Y POLICY I"hc Trustees Gonsider the Board of Trustoes and Sarah Hawkes and Kent Duse (CtrCEO's) to be the key management personllel of the Charity in charge of directing and controlling Lhe ChariLy on a day to day basis. All Trust¢¢5 give their time freely and no Trustees, remuneration or expense5 We paid in the year.
OLOBAL HEALTH 50150 (CJH5050) PAGP. 6 FINANCLAL STATEMbNTS FOR THE. YEAR BNDED 3 1ST MARCH 2024 TRIJSTEES, REPORT......,.........ICONTINUED TRUSTEES, RESPONSLtIlLITtES RELATIOY TO THE FLNANCIAL sfATEMENTS The Charitys Trustees are responsible for prcpariog Lkn¢ Trusttts, anual rq)ort and financial slalements in dccordancc with applicable law and United Kingdom AccouDtill8 Stalldards (Lnited Kingdom Generally Accepted Ac¢4>uD'.ing PrtICe)- The law oppli¢abl¢ to ¢hariti&4 in Ellglw and Wales rwires & charitys TnthcEs ty preparo financial 5tatgm¢nts for each year w.iich give a tru¢ a])d fair view of the stale of &fiirs of Ui= chariry and the incoming Tesour¢es and appli¢atiDtt of r¢sources, of the dkrity for that p¢riod In the fmdticiaL Ststsmcnts, the Trglee$ ar¢ requircd $¢ltGt Suitable accounting poli¢i¢s aDd then apply them ron5i5teDtIy observe the methods 8nd Principles iti thc appliaSle ClritieS SORP. make judgefftents and estirnates thai aly reasonable and prndent. stste wknth¢r applicable attountins standards Fave been followcd, subjeLt to any rna(Eriai departures that musl bc disclosed and explained in ttr.e fllwJcia] statemeuts. pwarc th¢ fiuar¢cial 5tst¢tJJwtLS on a going ¢onccrn basis Ullless it 18 ikappropriate to pr¢sume that the cbarity will coniinue in operaiioTL. Thtt Trusteey are responsible for keeping proecountig rpths which dJ"sclose 1th reasonable accura¢y at any time thL financial posiuon of ibe chanty and to ctLable thetn to ensure that the financia] statements cornply with tbe Charities Act 2011, the applicable Chariti&s (.Iccoutts Lid RertS) R-gulations al the provisions of the il's conslituliun. TP.ey arc 3150 r¢snSible for saleguarding the assets of the Lknity and takinb* re&wnable 5t¢ps for tbe preVll(lOn and (let¢¢tion of fraud and other Irregularities. UDITORS So far as th¢ Thte ar¢ avdr4 ther¢ is no r¢levant audit infonllation of which the charltys auditors are llnaware, and the I'rustees have taken all slep5 they ought:0 bave taken to make thcmselvES 8ware of auy relevant audit infonnation and to cstablish that the auditors are awarc of that Tnfomiaiion. 2211212024 2711212024 Tiantian Chen (Trste¢) Fur and on be]Jalf of the Tntstees Paul satMe cfrustee) Doc ID: 62dd¥iebe3133797f3336afa647910fc9d694fdO
GLOBAL FIEALTII 50150 (GH5050)
PAGE 7
FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024
INDEPENDENT AUDrroR REPORT TO THE MEMBERS OF GLOBAL HEALTH 501EO (GH5050)
OPINION
We have audited the financial Statements of Global Eleaith 50150 (GH5050) for the )Ear ended 318t March 2024 which
¢omprise of the Stat¢tnent of Financial Activities, the Balanc- SheeL Stateinent of C&%n Flows and notes to the
fmancial statements. The iinaTICI21 repO.1g framework thatr1i&s been applied in their preparntion is applicable law and
United Kingdom Accounting Standards. including Financial Rep)rting 102 "The Financial Reporting Standard
in th¢ UK and Republic of Ireland" IUDited Kingdom Getmlly Accepted Accounting Prrt¢e).
In our opinion, the fiDanGial 51atements'.
- give & true and fair Yiew of the stste of the charitys atYaiTS as at 3 1st March 2024, and of its surplus for th¢ year then ended.,
- have been properly prepared in accordance with Lnited Kip.gdom G¢n¢rolly Accepted Accounting Practice., and
- have prepared in accordance with ihe requirements of th¢ Charities Act2011.
BASIS OF OPIMON
We corLduct¢d our audii in accordaDce with Lniryiional Standards on Auditing (UK) (ISAS {UK)) and aJplicable law.
Our reiponsibilitics Lnder those standards are fi]rther described ir, Lhe Additovi resTKTrnsibilities for th.e audit of financial
statements section of our reporL We are independent of Lie charity in accordance with the ethical requiffments that are
to our audit of th¢ financial statem¢nts in the UK including FRCS Ethical Standard, and th.e provisions avaslablt for small
entities, in the circurnsknte5 set out in not¢ 8 to the fthanciai thtements, and we have fijifilled our oth=r ethic&l rcsponsibilities
in accordance with the
GLOBAL HEALTH 5Q150 {GH5050) PAGE 8 FINANCIAL STATEMENTS FOR THE YEAK ENDED 3 1ST MARCH 2024 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GLOBAL HEALTH 50150 (GH5050) ATtERS ON WFIICH WE ARE REQUIRED TO REPORT B Y EXCEPTtON In the light of th¢ knowledge and understaiding of the clarity and its- eniroDment obtsined ID the course of the audiL we have not identified material mi&stat¢ni¢nts in the charitys Trustees Annual ReporL We have nothing to report in respect of the following malters where the Ck]arities Act 2011 requires us to rew>rt to you. if in our opinion- - the information given in the charitg$ Annual Report is inconsistent in any material re4iect with the finaneial statements. or the chariry has not kep: adequate accounting records- or - the financial statements ar¢ not agreement i&ith the accounting records and returns. or - we have not received &ll the infonnation and explanatr.ons we requtr¢ for our audit REsPONslL1T[Es OF TRUSTEES As explained more fully in the cbaritys (nseS responsibilities statement in the charlS Trustees Annu&l Report, the Trustees are responsible for prepardtion of the fmancial statemer.ts for being satisfied 14at.they give a true and f&ir view, and for such ternal control as the chaRtgs Tlltees d¢terniine is necessary to enable the preparaiion of fiiianciil 8tsiernents that are free from material misstat¢men( whether due to fraud or error. In preparing the financial stsiements. tbe clwitys Trustees are resrM)n5ible for assessing the charity's ability to continue as a going concery disclosing, applicable, tnatters related to going concern aDd using tht gointt concern basis of accounting unles5 the charitys Trustees either intend to liquidate the chariiy or to ceA5e operation5, or have no realisric a]tern&tive bui to do 50. AUDITO&'S REPONSIBILITIES FOR THE AUDtr OF THF. Ft%ANCIAL s"fATEMEN'rs Our objectives are to obtaits reasonable assurance alx)ut wbetiier the financial statements as a whole are free froTn material missiatemenl whether due to fraud or eTror, and to i%sue an auditors report that includES our opinion. Reasonable assU7¢e is & high level of &ssurance but is Dot a 3[antee that an Audit Conducted in atOrdanCe with ISAS IUKI will always derect a material TnTSSiatetneni when it ekists. Misststten¢nts can arise from fraud or eiTors arkd are considered material if, individually or in the aggregate, they could reasonably be expecied lo influeThce the economic decisions of users taken on the basis of tlK%e financial Stateents. Irreglllarities. including fraud, are instances of non-compliaThce with law$ and regulations. The primary respc)nsibilily fo¥ tlie prevention and d¢tection of irregulartties including fraud resis with both the tnariagemeiit and those charged with governar4Ce of the charity. We designed proce(iurei n line w'ith our responsibilities, ouilined abov¢, to detect t[ttlI mItatements in respect of irregula."iiics, in¢lJding fraud. Thc cxtent to which our procedures are capable of detecting i¢Su[aritIcs, including fraud detailed below: We have Gon5idered the nature of th¢ iudijsty and sector, coThtrol eDvinnmenL laws alld reguEations and business FKrformanc¢, of the charity, including its MUneratiOn policies. Laws regulations considered included, but wEr¢ noi lits]ited to, the Charities Act 2011, FRS102, Chwity SORP and LK taxatLOP. leuislaiion. We have CDquCd with management in regards to their assessment of the risks of irregularitkes: including fraud. We also enquired of Tnar.agemeni and those cnarged with govetnance as to )Y knowll instanc¢s of non-compli&nce or suspected nonkncompliance with lawB and regulations. We have obtained relevant documentation and rq)rntatlOnS in order to forni an opinion on potential Iegular1tie including fraud. We Considered the opwtLU)ities and incentives that Tnlly Exist within the organisation for fraud. Based on this understanding, we designed specific audit procedures to idenlify instances of Thon-compli&1ce with laws and regJlation5, 1cluding obtaining additional corroborative evidence as required. Examples of procedures iiicluded ieviEwing large and .usl transactior.s, reviewing large and unexpecied v8riances, review'.ng joumal enti'ies, and reviewing legal correspondence.
GLOBAL HEALTH 50150 (GH5050) PAGE 9 FtNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024 tNDEPENDEKf AUDITOR'S REPORT TO THE MEMBERS OF GLOBAL HEALTH 50150 (GH5050) There ar¢ iDherent limitations in the audit wocedures d&seribed above. not least as sarnpling Ts used under IDtsrnational StAndards on Auditing, therefore noi all transactions e reviewe(L This rn¢ans thEre is a risk wc will not detect all in'eglllarities including tiJo8e leadinrl to a material misstatement in the financial statements or non.compliaryce w'ith regulations. The riik 01 not detecting a material mi5Staternent due to fraud is also higher rhan the risK of Thot detecting one resulting from error, as fraud may involve deliberate contsalmcnt by, for example, forg¢ry, collusion. omission, or nteniional misrepresenktion. A furtber description of our responsibilities for the audit of the financial statements is located on the financial Reporting Council's website at Mwv.frc.org.uk/audiiorsresponsibilities. This description fom)s part of our Reyx)rt of the Auditors. USE OF OUR REPORT This report is made solely to the chariils trustees, as a ldy, in accordance with Section 144 and 145 of the CharitlE5 Act 201 l. Our audit work has been undertaken so that we rryigb-t sta* to the cbarity"'s trust¢¢s those matter5 we Are reouired to stste to tben] in a Report of tthe Auditors and for no other purpose. To the fullest extent perniitted by law, we do not accept or assutne responsibilitv to anyotLe other.han the ¢barity and the charitgs tNstees as a body, foi. our audit worK for this rewrL or for the opinions we hav¢ foTrr,ed. IAN SHIPLEY FCCA (Senior Statutory Auditor) FOR AND ON BEHALF OF PRENTIS & CO LLP CHARTERED AccouFrrANTS & sfATUTORY AUDITORS 115c Milton Iloacl Cambridge CB4 IXE Prentis & Co LLP is eligible to act as an aud5tor in tern)s of seetion 1212 of the Conpanios Act 2006.
GLofJAL HEALTH 50150 {GH5050) PAGE 10 FINANCIAL STATEMEFrrs rokThE YEAR DED 31 ST MARCH 2024 STATEMENT OF FtNANCIAL AcfiviTtES 2024 2024 Unrrsiricted Restrict¢d Funds 2024 2023 2023 Total Utliestricied Restricted Funds Funds FuDds 2023 Totsl Notss INCOME Donations and other income Grant incotne Investrnent kllcome 19.958 19,958 206,785 1,887,894 2.094.679 9.041 29,302 38,343 2,989 2,989 160,951 1,477,594 1,638.545 6,546 6,546 170,486 1,477,594 1,648,080 Total incolne 235.784 1,917,196 2.152,980 EXPENDrruRE Expenditure on charitable tiviti¢s 97.553 1,016,417 1.113.970 32,092 557,235 589,327 Total expenditure 97,553 1.016.417 1,113,970 32.092 557,235 5S9,327 NET fNCOME FOR THE YEAR Transfer betwe?n funds 138,231 {20,I40) 118,091 900,779 1,039,010 20.140 138,394 (1,634) 136.760 920.359 1,058,753 1.634 NFT MOVEMF.Nf IN FtrNDS 920.919 1,039,010 921,993 1,058,753 RECONCILIATION OF FUNDS Total funds b-.ougP.t forward TOTAL FUNDS CARRIED FORWARD 14 136,760 921,993 1.058,753 254,85l 1,842,912 2,097,763 136,760 921.993 1,058,75i The Statement of Fin&ncial Activities includes all gains and losse5 recognised in the year. All income and expendinwe derive from continuing activities. The notes on pag¢5 on 13 to 18 fomi part of thes¢ financia] Str[[Lents.
GLOBAL HEALTH 5Q150 (GI5050) PAGFII FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCN 2024 BALANCE SHEET 2024 2023 FIXED ASSETS TJttglble Sets 3,149 2,400 CURRENI" ASSETS Jkbtors.. an)ounts falling due within in year Ch at bar.k 2nd in har.d 12 31,887 1114.365 1.028,346 T(yfAL CURRENT ASSETS 2,146,252 1,072,128 CREDftORS.' anounts falling du¢ within One year 13 51.638 15,775 NET CURREwf ASSErs 2,094,614 2,097,763 1,056.J53 NET Assyrs 1,058,753 THE FUNDS OF THE CHARITY Unrestricted ineoTne Lnd5 Restricted income fitnd$ 254.851 1,842,912 2,097,763 136,760 921,993 1,058,753 TOTAL FUNDS 14 2311212024 The fwIll¥aI statementg were approved by the Board of TTUSte¢s on ...... tl itrb¢lthlf by. .. werE sitsllEd 2311212024 2711212024 TIANTIAN CHEN TRUSTEE PALL SAN'SOME TRUSTEE The notes on pages 13 10 18 form part Df these ffnaDci&l statemmts. ID." 18311b1fl b742e6b183b4984f7e089de95d8231 t
GLOBAL HEALTH 50150 (GH5050} PAGf, 12 FINANCIAL STATEMEwfs FOR THE YEAR ENDED 3 1ST RCH 2024 STATEMENT OF CASH FLOWS 2024 2023 NET CASH LOw FROM OPERATfNG ACTIVITIES 15 1,088,683 1,031,248 CASH OUTFLOW FROM INVESTING AcfiviTtES Fixed assets additions (2.664) (2,902) 12,664) (2,902) NET CASH USED IN tNVESTING ACTtVlTIES CREASE P4 CASH AND CASH EQUIVALEFrrs IN YEAR Cash and Cash equivalents ai bets111ng of ye CASH AND CASH EQUIVALENTS AT END OF YEAR 1,086.019 1,028,346 1,028,346 2.114,365 1,028,346
GLOBAL FiEALTH 50140 (GH5050) PAGE 13 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024 NOTES 1.0 THE FtNANCIAL STATEME>rrs AccoiNfiNG POLICIES (a) BASIS OF PREPARATION OF FINANCIAL STATEMENTS The fwanoial sratements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recoinmended Prnctice applicable w chariti¢s pr¢p2ring their accounts in accordance with the Finan¢ial Reporting Standard applic2ble in the UK Republ:c of treland cfRS 102) (Chariiies SORP (FRS 102)): the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 1021 and the Charil2es Act 2011. Global Health 50150 meets the def[tion of a public entity under FRS 102. Assets and liabilities are initially recogiised at historical cost or traD5action wdlue ullleks othenvise stated in •the relevani accounting policy note. Ib) PREPARATION OF ACCOUNTS ON A GOING CONCERN BASIS As detailed in the TrtL%tees' Repo¢ none of th¢ Tnajor fvnd¢ri of the charity are able to give long-temi guarantees of fundfftg. However, the charity has a number of grant5 and awards in place wh.'ch given the Trustees reasonable confidence that suffici-nt fiIDoing will be 5ecJred beyond the eurrent year. The Trustees have assessed the cash fLOW needs of the charity and believe that the cash flow issues will not aff¢ci tlie ¢haritys abilitv to ¢ontinue its OP¢rntion. In particular tFie tnJ5rees and management of the charity have pul in place tneasures to generate new SOLtrces of reveoue. The Tru5t¢es therefore consider that it is appropriatr to prepare the fitwjcial statements on the going concern basis. (c) tNCOME RECOGNRTION All incotDing resourrxs are included on the Statement of Financial Activitie5 when the charity is leIlY entiilcd to the income and ihe amour.t can b¢ quautified with reasonable aCcUry. (d) EXPENDITURE RECOGNITION Expenditure is aount¢d for on an a¢cTuals basis and has been ¢lassified under h¢adings that aggregate all cosi r¢latcd to the category. Where costs cannot be directly attribijted to particular heading5 they haye been a]located to activities on a basis consisllt with the use of resources. (e) T ANGtBLE FIXED ASSETS Depre¢iation is provid ai the following annual rates in order to write off each asset over its estimated useful life. Computcr equipment - strdight line over 4 yeats Tar.gible fixed aSts oosting more than £IOOO are capitalised and included at cost including any in¢identsI expenses of acquisitioll. (F) T AXATION The chariry is exempt from Corpol0n tax on its charitable aciivities. (g) FUND ACCOU[[lNG Unr¢stri¢ted fi]nds cary b¢ ustd tn ac¢ordance with th¢ cbaritsble objectiyes at the discretion of th¢ Ttte$. Restrlcted fup.ds can only bc used for particu]ar r¢5tricted purposes wsthin tli¢ objects of the charity. Restrictions arise when s¢1({¢d by the donor or when the funds are raised for particular re8triLted purposes. Furthtr explanatior ofthe nature and purpose tsf each fu'nd is included in the notes to the financial statements. (h) HlliB PURCHASE AND LEAStNG CONLMtTMENTS Rentals paid und¢r op¢rating1¢&ses are Charged to the Statement of Fillancial Activities on a straight line basis over the period of the lease. (i) PENSION COSTS AND OTHER POST-REfiREMEKf BENEFITS The charity operates a defined pension conlribuuon penston herne. Contributiot)s payable to the charitys pension scheme are cha to the Ststernent of financial AcLivitie5 in the period to which iliey retate.
GLOBAL HEALTH 50150 (GH5050) PAGE 14 FINANCIAL STATEMENfs FOR THE YEAR ENDED 3 1ST MARCH 2024 NOTES TO THE FINANCtAL STATEMENTS DONATIONS AND OTHER INCOME 2024 2024 Utlltstrscted RerIcEd Funds FuThds 2024 Total Funds 2023 2023 Unrestri¢ted Re5trict¢d Funds Funds 2023 Total CollsultaDCy Prism'po 19,958 19,958 2,989 2,989 2,989 2,989 19.958 19,958 GRANf INCOME 2024 2024 Unrestri¢ted R¢stricted Fund5 Funds 2024 Tot21 Funds 2023 2023 Unrestri¢t¢d Restricted Funds 2023 Total FldS Bill and Melinda Gates FodatIOn Global Food.. International F(KJd Policy Prism.. w0nn io Leadership 206,785 1,840,780 2,1)47.565 122,413 1.139,917 1,262,330 47.114 47,114 32.899 304,778 32,899 J43,316 38.538 206.785 1,887,894 2,094,679 160,951 5,477,594 1,638,545 EXPENDITURE ON CHARITABLE ACTIVITIES DIRECT COST 2024 2024 Unrestricted Restricted Funds Funds 2024 Total Funds 2023 2023 Unrestricted Restricted Funds Funds 2023 Total Funds Consultancy Research Co]llTnuni¢ation Support costs (note 5) Governance costs (note 6) 9.082 374,585 21,174 33,600 587,058 383.667 21.174 33,600 671,114 4.415 soo 318,281 34,133 2,482 202,339 319,081 2,482 229,431 4,200 84,056 4,415 27,092 4,200 97,553 1,016,417 1,113,970 32,092 557,235 589,327
GLOBAL HEALTH 50150 (GH4050) PAGL 15 FINANCIAL STATEmWfs FOR THE YEAR ENDED 3 1ST MARCH 2024 NO'fES TO THE FINANCIAL STATEMENTS EXPENDtruRE ON CHARtrABLE ACTIVITIES SUPPORT COSTS 2024 2024 UTirestrict¢d Restricted Funds Funds 2024 Total Fund5 2023 2023 Unrestricted Restricted Funds Funds 2023 Toial Staff costs (not¢ 10) Confereqces Rent SubscriptLODS Bank charges IT Repairs and maintenance Travel and subsisten¢¢ Telephone In5urancE Postage. stationery & printing COInli110n fee payments Sundry expenses Foreign exchange variance5 Depreciation and loss on disposal 16,616 147 28,691 3.154 190 4,716 3,344 14,749 761 1.652 1,711 4,458 96 1,856 399,704 16,297 416,320 16.444 32,434 4,989 622 41,414 3.344 127,548 761 1,944 1.749 4.458 96 17,076 137,534 5,608 4,518 269 965 14,998 137,534 6,037 22,684 269 1,167 15.545 429 18.166 1.8i5 432 36.698 202 547 112.799 5,590 38,431 16 44,021 16 308 292 38 308 1,193 155 155 15,220 1.915 84,056 1,915 502 502 587,058 671,114 27,092 202,339 229,431 GOVERNANCE COSTS 2024 2023 Auditors, remuneratio 4,415 4,200 NET INCOME 2024 2023 Net income is stated after charging: Auditors, remuneratkon OtEer operating leS Depreciation and loss disposal 4,415 32,434 1,915 4,200 22.684 502 APB ETHICAL STANDARD- PROVISIONS AVAILABLE FOR SMALL ENTITTES comrnon with many other charities of our size and pature we use our auditors to assist us with the preparation of tlLe f01[¢la1 Stateents. TRUSTEES, EXPENSES There were no Tru5tees' remuneration. reimbwsed expenses or other benefits for the year endd J I si March 2024 or 3 1st March 2023.
GLOBAL HEALTH 50150 (GH5050} PAGC 16 FtNANCtAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS 10. STAFF COSTS 2024 2023 Wages and salaries So¢ial security costs Other pension costs Other staff costs 359,153 19,477 26,237 11,453 109,231 4,987 4,981 416,320 137,534 During the year, no employee received emoluments in excess of £60.000. Th¢ key Manag¢Ent are c0ts5idcred to b¢ the trustee5. C041irectors atsd 2 other manag¢rs. The average monthly number of employees during the year was as follows: 2024 2023 Charitable activities TANGtBLE FIXED ASSETS Computer Computer Equipnient fquipnient 2024 2023 COST At 1st April Additions Disposals At 3 Is,. March 2.902 2,664 (1.456) 4.110 2,902 2,902 DEPRECIATION At 1st April Charge for the ye Disposals At 3 1st March 502 711 {252) 961 502 502 iIET BOOK VALUE AT 3 1ST MARCH 3,149 2,400 12. DEB TORS.. AMOUNTS FALLtNG DUE WITHIN ONE YEAR 2024 2023 Prepayments ai)d accrlled income Grant debtors Other debtors 2,052 23,664 6,171 6,680 32,899 4,203 31,887 43,782 13. CREDITORS.. AMOUNTS fALLING DUC WITHIN ONE. YEAR 2024 2023 Trade creditors ACCrd expenses Other creditors 13,344 25.530 12,764 9,076 6,699 51,638 15,775
GLOBAL HEALTH 50150 (GH5050) PACJE 17 FINANCIAL STATEMENI'S FOR TIIE YEAEi ENDED 31 ST MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS 14. MOVEMENT IN FUNDS. CURRENT YEAR Incoming Resources At 1.423 resources expendEd Transfer5 At 31.3.24 Unrestricted fuDds Gener&1 fjjnd 136.760 235,784 (97.55J) (20,140) 254,851 Restricted fullds Global food Womm in Leadership Covid data- Pathways Annual report ar.d re5¢arth di&8emination British Medical JourJ)al Landscaping BMFG 47.114 142,434) (60,199} (116.156) 16,286 (707,820) 73,160 (7,838) 73,541 {24,913) 1,707,095 (57,057) 921.993 1,917.196 11,016,417) 1,058.753 2.152,980 (1,113,970} 4,680 56,6) I 99.564 765.778 3,548 16,592 74,244 65,322 48,628 1,650,038 TOTAL RESTIUCTED FUNDS 20,140 1,842,912 2,097,763 TOTAL FtrNDS MOVEMENT IN FUNDS. PIUOR YEAR Incoming Res0.eS resourc£s expeDded At 1.4.22 Tvansfers At 31.3.2J Unrestrieted fullds General fund 170.486 (32.092) (1,634) 136,760 Restricted funds Global fo( Wornen in L¢erShip Covid da(a- Pathways Annual report artd research dissemination TOTAL RESTRIGfED FUNDS 32,899 304.778 286,097 853,8?0 (34,533) (248,127) (186,533) {88,042) (557,235) (489,327} 1,634 56,651 99,5fv1 765,778 1.477.594 1,fv18,080 1,634 921,993 TOTAL FtrNDS 1,058,753 Global Food - Research project whith applies the GH5050 ethod iry a sector beyond health 3llnUiilly assesses whether and how lo(xl sy)tem5 orgaAisatiDllS ase integrating gend¢r and equality Consideration in their work- With, th¢sr orgauisatiotts gov¢nance stn]cturts, and in their progratnttkaiic approaches. Wibmen ltt Ikadership - Research project gtnerdting evidei¢e. iD5ights, and policy and inveslment recowJnendations oji advaThcing womens leJdeTsnÈp in the health sector in India 3nd Kenya. Covid data- Pathways- Research project with a focus continaed data collection and r¢porting of sex-disaggregated data on COVID-19. In collaboration with the African Papulation and Health Reseai'ch Centre and the International Centre for Eiesearch on W0en, GH5050 bu(It the world's lar8e5t repository of sek-disaggregated cov119 dat4 and provides evidence on the equity and effectiweness of national pandemic rssponses and all open data plarforni used by Lry" agencies, media and policyjnakers. report And research di5Stmination - Through its flagship report and Gender and Health Inde Global FK¢aith 50150 provides the only birds-e?e viow of gender and equality in the ulobal health systellL today. The report reviews the geDder-re]8d policies and practiccs of 200+ organisations. These are global ortsanisations {Dperational in more than three countries). that aim to promote h¢alth andlor influence global health policy. The sample covers orgallisations from 10 sectors. headquartered in 37 countries acro%s seven Tegions and which, together. enLploy att estimated 4.5 millson people. We insist on transparency that places organisation'a policies and practices under tILe spotlight to incentivise action 8Ad enable cOUntabl11ty. Britisli Medical JoTtrnal- This graJ)t was provsded to cover the editorial and publication fees for a special GH5050nlMJ Collection featitring 5 articles OD GH5050 research. L8tid5cf&ping-'Ihis graIJl provided ftLnd1ng for two consull2n¢ies to conduct rcscarch on conceptualising, stakeholder rnapping and prelitr.inary research frarnework developinent for two new scctors.. global justiclaW and globa] firwiceleconomics. BMFG-Global Health $o150.4nllaI Report 20?4-27: Th..s grant covers the core work of G145040, inclLiding thc re%earoh, develcipmelli and publiclor. of its flagship report on organisational policy and pFaclice in relallonto gender equality, well as dire¢L engagement with organiaations to drive gender-equal change.
GLOBAL HEALTH 50150 (GH5050) PAGE 18 FINANCIAL sfATEMENfs FOR THE YEAK ENDED 3 1ST MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS 15. RECONCIALifioN OF NET MOVEMENr tN FUNDS TO NFf CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net movement in funds Add.. Depreciation and lo&s on dtsposal Decrcasd(in¢riase) in d¢btor5 InCree in creditors ,039,010 1,058,753 1,915 502 11,895 (43,782) 35,863 15.775 NET CASH tNFLOW FROM OPERATING ACTivirrES 1,088,683 1,031,248 16. OTHER FINANCIAL COMMrtMENrs At 3 1 st March 20?4 the charity had to'al eommittnents und¢r non-can¢Lllable operating l¢as¢s of £16,943 (2023.. £Nil).