Finance Score: 1

Governance Score: 9

Support Score: 0

Liabilities <10%: +3
Multiple Deficits and declines: -5
Fundraising costs low: +3

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

No supporters identified

Overall GiG Score: 10

GLOBAL INNOVATION FUND

GIF finds, funds and scales-up cost-effective, evidence-based social innovations that have the potential to measurably improve the lives of millions of people living on $5 a day or less in the developing world. GIF deploys grant and risk capital instruments to support a range of innovators across the globe to accelerate the development, rigorous testing, and scaling of innovations.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
Fundraising costs are low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return

Financial issues to consider:

Income has been volatile and on several occasions in recent years less than spending

Established: 7 years
(9 years as a company)

http://www.globalinnovation.fund/

hello@globalinnovation.fund

0207 971 1078

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/12/22	£7,874	£17,632	£-9,758	£753	£23,694	£18,177	12.4	33
31/12/21	£6,164	£17,821	£-11,657	£744	£30,135	£27,240	18.3	35
31/12/20	£18,064	£18,062	£2	£592	£41,500	£37,185	24.7	39
31/12/19	£15,579	£15,124	£455	£544	£41,678	£39,499	31.3	30
31/12/18	£19,846	£15,721	£4,125	£448	£42,879	£39,716	30.3	28
31/12/17	£21,268	£12,187	£9,081	£429	£36,440	£35,515	35	26

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Financial Ratios

Fundraising Costs/Relevant Income: 9.7%
Fundraising Costs/Total Spending: 4.3%
Senior Staff Costs/Total Spending: 18%
Highest pay band: £200,000-£250,000
Liabilities/Assets: 6%
Liabilities/Income: 19%
Unrestricted Funds/Total Funds: 77%
Reserves/Spending: 12.4 months
Net Current Assets/Spending: 8 months
Quick Ratio: 8.1

Asset Split ?

Listed activities

Economic/Community Development/Employment
Overseas Aid/Famine Relief
The Prevention Or Relief Of Poverty

How it operates

Makes Grants to Individuals
Makes Grants to Organisations
Provides other finance

Where it operates

Afghanistan, Albania, Algeria, American Samoa, Angola, Argentina, Armenia, Azerbaijan, Bangladesh, Belarus, Belize, Benin, Bhutan, Bolivia, Bosnia And Herzegovina, Botswana, Brazil, Bulgaria, Burkina Faso, Burma, Burundi, Cambodia, Cameroon, Cape Verde, Central African Republic, Chad, China, Colombia, Comoros, Congo, Congo (Democratic Republic), Costa Rica, Cuba, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, ....more

Who it helps

Other Defined Groups

Who works here?

33 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

Based on 5/6 persons

Age Range of Trustees: 43-65

DR JEREMY MATTHEW WEINSTEIN Appointed: 2022, Occupation: Professor

HELEN KING Appointed: 2024, Occupation: Civil Servant

JAMES PAUL HABYARIMANA Appointed: 2020, Occupation: Associate Professor

JAMES ROY CLARK Appointed: 2020, Occupation: Investment Director

KATHRYN CARD KAUFMAN Appointed: 2020, Occupation: Board Member And Mother

SANTHOSH MATHEW Appointed: 2018, Occupation: Country Lead, Social And Public Finance Policy

Legal constitution

Charitable company registered in England & Wales on 27/01/2017, number: 1171353
Registered at Companies House on 17/09/2014, number: 09223487

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

6 returns made; all on time

Main office

WEWORK C/O GLOBAL INNOVATION FUND
8 DEVONSHIRE SQUARE
LONDON
EC2M 4PL

Objectives

5.1 THE OBJECTS OF GIF (THE OBJECTS) ARE:5.1.1 THE RELIEF OF THOSE IN NEED ARISING BY REASON OF YOUTH, AGE, ILL-HEALTH, DISABILITY, FINANCIAL HARDSHIP OR OTHER DISADVANTAGE AMONGST THE WORLD'S POOR IN DEVELOPING COUNTRIES FOR THE PUBLIC BENEFIT BY THE PROVISION OF GRANTS, LOANS, SOCIAL INVESTMENT, EQUITY OR OTHER FINANCIAL ASSISTANCE TO FUND OR OTHERWISE ASSIST IN FINANCING PROJECTS, PROGRAMMES, OR PRODUCTS WHICH HAVE THE CAPACITY TO DEVELOP INTO LARGE SCALE SOLUTIONS WHICH WILL HAVE A SIGNIFICANT IMPACT ON AND FURTHER SUCH OBJECT;5.1.2 THE RELIEF OF POVERTY AMONGST THE SAME BENEFICIARY GROUP BY THE SAME MEANS;5.1.3 THE ADVANCEMENT OF ANY OTHER CHARITABLE PURPOSE FOR THE PUBLIC BENEFIT BY THE SAME MEANS.

Data Sources