GLOBAL INNOVATION FUND
Latest income
£16.6m
Latest spending
£10.5m
Registered
2017
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that free reserves of $2.9m were below the approved policy target of $5m, though the trustees expect reserves to increase within 12-18 months following new funding negotiations. The charity reports sufficient cash runway to cover operational expenditure until Q3 2026 and confirms it is a going concern.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy
“Free reserves are lower than that stipulated within the approved policy” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: GIF Growth Limited
“GIF has a second 100% owned subsidiary, GIF Growth Limited, a company limited by shares. The subsidiary began operations in 2024.” — page 9
Per its FY2024 accounts as filed with the Charity Commission.
What the charity says about itself (2025)
The report claims 138 million people have been reached to date, with 64 million reached specifically in 2025.
“138 million people reached to date, 64 million people in 2025 of which 31.5 million are women.”
The report estimates a social rate of return of $9 for every $1 invested, based on net social benefits.
“On this basis, each $1 invested in GIF is already returning an estimated $9 in net social benefits.”
Structured financials (annual return, FY ending 31/12/2024)
Total income
£16.6m
Total spending
£10.5m
Cost of raising funds
£392k
Reserves (reported)
£2.3m
Employees
0
Trustees
- Dr Jeremy Matthew Weinstein
- HELEN KING
- James Paul Habyarimana
- James Roy Clark
- Kathryn Card Kaufman
- Santhosh Mathew
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £16.6m | £10.5m |
| 31/12/2023 | £5.4m | £8.2m |
| 31/12/2022 | £7.9m | £17.6m |
| 31/12/2021 | £6.2m | £17.8m |
| 31/12/2020 | £18.1m | £18.1m |
Common questions
Is GLOBAL INNOVATION FUND financially healthy?
The accounts state that free reserves of $2.9m were below the approved policy target of $5m, though the trustees expect reserves to increase within 12-18 months following new funding negotiations. The charity reports sufficient cash runway to cover operational expenditure until Q3 2026 and confirms it is a going concern. Its FY2024 accounts were audited by Crowe U.K. LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CH FOUNDATION (UK) | 1 | £3.0m |
| THE JANE GOODALL INSTITUTE (UK) | 1 | £138k |
| MONTPELIER FOUNDATION LIMITED | 1 | £30k |
| NEWBY TRUST LIMITED | 1 | £10k |
| WOODCOCK CHARITABLE TRUST | 1 | £120 |