THE GLOBAL STEERING GROUP FOR IMPACT INVESTMENT
Alleviation of global poverty through the galvanising of impact investing
Latest income
£6.4m
Latest spending
£4.4m
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.
In the news
Structured financials (annual return, FY ending 31/12/2025)
Total income
£6.4m
Total spending
£4.4m
Cost of raising funds
£237k
Reserves (reported)
£4.1m
Employees
21
Trustees
- Rt. Hon. Nicholas Richard Hurdchair
- Bilkisu Abiodun Ibukun Awosika
- Chul Woo Moon
- Dr Austin Albert Kaputo Mwape
- Juan Bernal Aranda
- Laurie Jean Spengler
- Marcel de Almeida Fukayama
- Michele Caroline Giddens
- Royston Anthony Braganza
- SIR RONALD COHEN
- Safak Muderrisgil
- Shannon Music
- Steven Maria Serneels
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £6.4m | £4.4m |
| 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 |
Common questions
Is THE GLOBAL STEERING GROUP FOR IMPACT INVESTMENT financially healthy?
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. 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.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 01/04/2023 | £89k | 202939-401 Making Sustainability Disclosure Standards work for Emerging Markets |
| UK government | 03/01/2023 | £18k | EU SDG Driven Innovation Ecosystems |
| UK government | 01/04/2022 | £47k | EU SDG Driven Innovation Ecosystems |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HOLMFIELD CHARITABLE TRUST | 1 | £202k |
| CML - CHEVRAS MO'OZ LADOL | 1 | £21k |
| POSSUK LIMITED | 1 | £20k |
| YBP LIMITED | 1 | £15k |
| THE HOLDEN CHARITABLE TRUST | 1 | £13k |
| THE LONDON BOARD FOR SHECHITA | 1 | £13k |
| EZRAS YOEL | 1 | £10k |
| SHAAREI RACHAMIM LIMITED | 1 | £9k |
Charities like this
- GLOBAL REACH
- PUBLISH WHAT YOU FUND
- COMBATING POVERTY THROUGH EDUCATION
- THE SHANLEY CHARITABLE TRUST
- THE CORNERSTONE CHURCH GROUP
- INTERNATIONAL SCHOOLS OF BUSINESS MANAGEMENT LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE GLOBAL STEERING GROUP FOR IMPACT INVESTMENT | £6.4m | £180,000 - £189,000 | — | unclear | — | no doubt |
| GLOBAL REACH | £712k | — | 0 | unclear | — | no doubt |
| PUBLISH WHAT YOU FUND | £781k | £80,001 - £90,000 | 1 | unclear | — | no doubt |
| COMBATING POVERTY THROUGH EDUCATION | £5k | — | 0 | above | — | no doubt |
| THE SHANLEY CHARITABLE TRUST | £224k | — | 0 | unclear | — | no doubt |
| THE CORNERSTONE CHURCH GROUP | £226k | — | 0 | unclear | — | no doubt |