Company registration number: NI 653547
Global Donations Foundation Trading as Global Donations Foundation Company limited by guarantee
Unaudited abridged financial statements
30 June 2025
Global Donations Foundation Company limited by guarantee
Contents
| Page | |
|---|---|
| Directors and other information | 1 |
| Directors report | 2 |
| Abridged statement of income and retained earnings | 3 |
| Abridged statement of financial position | 4 |
| Notes to the financial statements | 5 - 7 |
Global Donations Foundation Company limited by guarantee
Directors and other information
Directors
Gerard Smith Martin Armstrong Sarah Bird Edmund Finn Resiigned 23 October 2024 Secretary Gerard Smith Company number NI 653547 Registered office 60 Violet Street Derry Co.Derry BT47 2AP Business address 60 Violet Street Derry Co Derry BT47 2AP Bankers Ulster Bank Belfast City Office 1 PO Box 232 11-16 Donegall Square East Belfast BT1 5UB
Global Donations Foundation Company limited by guarantee
Directors report Year ended 30 June 2025
The directors present their report and the unaudited abbreviated financial statements of the company for the year ended 30 June 2025.
Incorporation
The company was incorporated on 7 June 2018
Directors
The directors who served the company during the year were as follows:
Martin Armstrong Sarah Bird Edmund Finn Resigned 23 October 2024 Gerard Smith
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 27 August 2025 and signed on behalf of the board by:
Gerard Smith Director
Martin Armstrong Director
Global Donations Foundation Company limited by guarantee
Abridged statement of income and retained earnings Year ended 30 June 2025
| 2025 | 2025 | 2024 | 2024 | ||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Gross profit | 226 | - | |||
| Other operating expenses | ) (3,300 |
- | |||
| Operating (loss)/profit | ) (3,074 |
- | |||
| (Loss)/profit before taxation | ) (3,074 |
- | |||
| Tax on (loss)/profit | 7 | - | - | ||
| (Loss)/profit for the financial year and total | |||||
| comprehensive income | ) (3,074 |
- | |||
| Retained earnings at the start of the year | ) (10,132 |
) (10,132 |
|||
| Retained earnings at the end of the year | ) (13,206 |
) (10,132 |
All the activities of the company are from continuing operations.
The notes on pages 5 to 7 form part of these abbreviated financial statements.
Global Donations Foundation Company limited by guarantee
Abridged statement of financial position 30 June 2025
| Note Current assets Cash at bank and in hand Creditors: amounts falling due within one year Net current liabilities Total assets less current liabilities Net liabilities Capital and reserves Profit and loss account Members deficit |
2025 £ £ 214 214 ) (13,420 ) (13,206 ) (13,206 ) (13,206 ) (13,206 ) (13,206 |
2024 £ £ - - ) (10,132 ) (10,132 ) (10,132 ) (10,132 ) (10,132 ) (10,132 |
|---|---|---|
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the current year ending 30 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These abbreviated financial statements were approved by the board of directors and authorised for issue on 27 August 2025, and are signed on behalf of the board by:
Gerard Smith Director
Martin Armstrong Director
Company registration number: NI 653547
The notes on pages 5 to 7 form part of these abbreviated financial statements.
Global Donations Foundation Company limited by guarantee
Notes to the financial statements Year ended 30 June 2025
1. General information
The company is a private company limited by guarantee, registered in Northern Ireland. The address of the registered office is 60, Violet Street, Derry, Co.Derry, BT47 2AP.
2. Statement of compliance
These abbreviated financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abbreviated financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abbreviated financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on the basis that the company will have the continued support of International Philanthrop & Sustainability Centre Limited, a company registered and resident in the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for the promotion of the Foundation's activities.
The amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Global Donations Foundation Company limited by guarantee
Notes to the financial statements (continued) Year ended 30 June 2025
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The liability of the members is limited. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one year thereafter, for the payments of the debts and liabilities of the company contracted before they ceased to be members, and of the costs, charges and expenses of the winding up, and for the adjustment of the rights of the contributors among themselves such amount as may be required , but not exceeding £1.
5. Turnover
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
6. Directors remuneration
There was no charge for diorectors'remuneration in the year under review and the previous year.
7. Tax on loss/profit
No liability to Corporation Tax arrises as the company is exempt as a Registered Charity.
Global Donations Foundation Company limited by guarantee
Notes to the financial statements (continued) Year ended 30 June 2025
8. Controlling party
The company is managed and controlled by International Philantropy and Sustainability Centre Limited a company registered in the Repiublic of Ireland.