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THE GLOBAL STEERING GROUP FOR IMPACT INVESTMENT

Registered charity 1175658 · accounts filings on the Charity Commission register · also known as GSG

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Latest income
£3.7m
Latest spending
£3.1m
Registered
2017
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity holds unrestricted reserves of £2,059,311, which significantly exceeds its stated policy target of approximately £682,000. Per the trustees' report, the charity generated a net surplus of £519,772 for the year and concluded there are no material uncertainties regarding its ability to continue as a going concern.

What the accounts disclose

Highest-paid employee band: £180,000 - £189,000 — above the 90th percentile for charities its size (median £70k)
“Employees with remuneration in the range £180,000 - £189,000” — page 25
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Rt Hon Nick Hurd received £57,600 for services as Chair of the Impact Transparency Task Force. Sir Ronald Cohen received £300,000 in funding as a donor.
“Payments to the Rt Hon Nick Hurd for the provision of services during the year 2024 totalled £57,600 (2023: £43,200) including VAT; no benefits or pension contributions were made.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Sir Ronald Cohen, an Independent Trustee and former Board Chair, received £300,000 in funding from the charity in the year.
“One of the donors from whom the Charity received £300,000 (2023: £15,523) funding in the year is Sir Ronald Cohen, who is also an Independent Trustee, former Board Chair and currently President.” — page 32
“Payments to the Rt Hon Nick Hurd for the provision of services during the year 2024 totalled £57,600 (2023: £43,200) including VAT; no benefits or pension contributions were made.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Rt Hon Nick Hurd, a Co-Opted Trustee, received £57,600 for services as Chair of the Impact Transparency Task Force.
“One of the donors from whom the Charity received £300,000 (2023: £15,523) funding in the year is Sir Ronald Cohen, who is also an Independent Trustee, former Board Chair and currently President.” — page 32
“Payments to the Rt Hon Nick Hurd for the provision of services during the year 2024 totalled £57,600 (2023: £43,200) including VAT; no benefits or pension contributions were made.”
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: GSG Trade Limited
“In March 2019 a trading subsidiary, GSG Trade Limited was incorporated (Company No. 11903804) to enable GSG to fundraise in a tax efficient manner” — page 4
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Saffery LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£3.7m
Total spending
£3.1m
Cost of raising funds
£197k
Reserves (reported)
£2.1m
Employees
21

Reported reserves equal ~8.0 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£3.7m£3.1m
31/12/2023£2.5m£3.0m
31/12/2022£3.0m£2.2m
31/12/2021£2.3m£2.1m
31/12/2020£2.0m£1.6m

Common questions

Is THE GLOBAL STEERING GROUP FOR IMPACT INVESTMENT financially healthy?

The accounts state that the charity holds unrestricted reserves of £2,059,311, which significantly exceeds its stated policy target of approximately £682,000. Per the trustees' report, the charity generated a net surplus of £519,772 for the year and concluded there are no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were audited by Saffery LLP.

What does the highest-paid employee of THE GLOBAL STEERING GROUP FOR IMPACT INVESTMENT earn?

Per its FY2024 accounts, the highest-paid employee was in the £180,000 - £189,000 band.