GLOBAL COMPACT NETWORK UK
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £105,219 for the year, bringing unrestricted reserves to £365,647. The Trustees note that this amount represents approximately 2.1 months of operating expenses, which is below their stated policy target of at least 3 months. However, the Trustees remain confident that reserves will meet the policy target by the latter half of 2025.
What the accounts disclose
“As of 31 December 2024, UN Global Compact Network UK held unrestricted reserves of £365,647, representing approximately 2.1 months of the budget for 2025.”
What the charity says about itself (2024)
“In 2024, we delivered 118 engagement activities for our members and the wider business community, reaching employees across the UK with a total of over 23,000 event registrations.”
“In 2024, our total emissions amounted to 100.40 tonnes CO2e, with the majority of this attributable to Scope 3 Category 1 (Purchased goods and services) and Scope 3 Category 6 (Business travel).”
“Although this continues to represent a considerable proportion of the organisation’s footprint, a 27% decrease in category 1 emissions is observed between 2023 and 2024.”
“This resulted in 16% of our in-person participants (of which there were 500) reducing their travel emissions using the tool that was integrated into our registration webpage.”
Leadership, per the charity’s website
- David Schofield — Network Chair
- Candy Telani Anton — Director of Participant Engagement
- Brenda Staines — Director of Impact
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- DAVID SCHOFIELDchair
- Charlotte Bronks
- Dr Samuel John Gardner
- Hiba Khan
- Matthew Sparkes
- Preeti Srivastav
- Rachel Moseley
- Ruth Chapman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.7m | £3.6m |
| 31/12/2023 | £3.3m | £3.1m |
Common questions
Is GLOBAL COMPACT NETWORK UK financially healthy?
The accounts state that the charity reported a surplus of £105,219 for the year, bringing unrestricted reserves to £365,647. The Trustees note that this amount represents approximately 2.1 months of operating expenses, which is below their stated policy target of at least 3 months. However, the Trustees remain confident that reserves will meet the policy target by the latter half of 2025. Its FY2024 accounts were audited by Mercer & Hole LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. PETER, FORMBY | 1 | — |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £1.1m |
| GUY'S AND ST THOMAS' FOUNDATION | 1 | £500k |
| THE HEALTH FOUNDATION | 1 | £400k |
| THE PENNIES FOUNDATION | 1 | £370k |
| THE JOSEPH ROWNTREE CHARITABLE TRUST | 1 | £150k |
| THE HAPPY BABY COMMUNITY | 1 | £33k |
| CEREBRAL PALSY PLUS | 1 | £5k |