GLOBAL SUSTAINABILITY NETWORK CIO
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year in a net liability position of £7,537, which the independent examiner identified as a material uncertainty regarding its ability to continue as a going concern. However, the trustees confirmed that a loan from a trustee was converted to a donation and further donations were received post-year-end, eliminating the deficit and allowing the accounts to be prepared on a going concern basis.
What the accounts disclose
“To ensure financial stability, GSN has a introduced a policy to set aside 20% of all donations, aiming to build a reserve of £60,000. The trustees intention is to build a reserve to cover 6 months of its core operating costs in the period ahead.” — page 5
“Whilst this presents a material uncertainty in relation to the charity's ability to continue as a going concern, for the reasons set out in accounting policy 1(b), the trustees continue to adopt the going concern basis for the preparation of the accounts.” — page 7
“During the year the charity paid expenses to Bishop Alastair Redfern, a trustee, for his travel and subsistence expenses of £8,426 (2023: nil). On 29 August 2024, the charity entered into a loan agreement for £5,000 with the founder and Trustee Raza Jafar Ali. The loan is repayable in full on 1 October 2024. At the year end, the full balance was outstanding.” — page 18
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → material uncertainty (FY2024).
Trustees
- RAZA JAFAR ALIchair
- Dr Leonard Stall
- Elliott Donnelley II
- Lina Kouatly
- Sadhana Soni
- Tariq Husain
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £137k | £97k |
| 31/08/2024 | £152k | £177k |
| 31/08/2023 | £178k | £179k |
| 31/08/2022 | £93k | £75k |
| 31/08/2021 | £45k | £46k |
Common questions
Is GLOBAL SUSTAINABILITY NETWORK CIO financially healthy?
The accounts state that the charity ended the year in a net liability position of £7,537, which the independent examiner identified as a material uncertainty regarding its ability to continue as a going concern. However, the trustees confirmed that a loan from a trustee was converted to a donation and further donations were received post-year-end, eliminating the deficit and allowing the accounts to be prepared on a going concern basis. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ELRHA | 1 | £1.4m |
| Howden Foundation | 1 | £602k |