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REGISTERED NUMBER: 05127215 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GLOBAL PHILANTHROPIC LIMITED

GLOBAL PHILANTHROPIC LIMITED (REGISTERED NUMBER: 05127215)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLOBAL PHILANTHROPIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: B M Morton-Wright





REGISTERED OFFICE: Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ





REGISTERED NUMBER: 05127215 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

GLOBAL PHILANTHROPIC LIMITED (REGISTERED NUMBER: 05127215)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 1,736 6,552
Tangible assets 5 739 1,509
2,475 8,061

CURRENT ASSETS
Debtors 6 173,788 62,765
Cash at bank 201 2,003
173,989 64,768
CREDITORS
Amounts falling due within one year 7 131,688 54,019
NET CURRENT ASSETS 42,301 10,749
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,776

18,810

CREDITORS
Amounts falling due after more than one year 8 66,154 70,587
NET LIABILITIES (21,378 ) (51,777 )

CAPITAL AND RESERVES
Called up share capital 160 160
Retained earnings (21,538 ) (51,937 )
(21,378 ) (51,777 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GLOBAL PHILANTHROPIC LIMITED (REGISTERED NUMBER: 05127215)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2024 and were signed by:





B M Morton-Wright - Director


GLOBAL PHILANTHROPIC LIMITED (REGISTERED NUMBER: 05127215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Global Philanthropic Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office can be found on the Company Information page.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on the going concern basis. The directors have no reason to believe the banking facilities will be withdrawn and are therefore confident of the continued support of the company's bankers. There is also financial support provided from connected companies.

Accordingly, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 section 1A. Basic financial instruments are recognised at amortised cost using effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


GLOBAL PHILANTHROPIC LIMITED (REGISTERED NUMBER: 05127215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£
COST
At 1 January 2023
and 31 December 2023 14,452
AMORTISATION
At 1 January 2023 7,900
Amortisation for year 4,816
At 31 December 2023 12,716
NET BOOK VALUE
At 31 December 2023 1,736
At 31 December 2022 6,552

GLOBAL PHILANTHROPIC LIMITED (REGISTERED NUMBER: 05127215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 2,085
Disposals (938 )
At 31 December 2023 1,147
DEPRECIATION
At 1 January 2023 576
Charge for year 231
Eliminated on disposal (399 )
At 31 December 2023 408
NET BOOK VALUE
At 31 December 2023 739
At 31 December 2022 1,509

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 63,228 11,940
Amounts owed by group undertakings 96,249 39,050
Other debtors 14,311 11,775
173,788 62,765

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 35,632 27,853
Trade creditors 49,875 15,264
Taxation and social security 12,778 9,959
Other creditors 33,403 943
131,688 54,019

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 13,663 20,587
Trade creditors 52,491 50,000
66,154 70,587

GLOBAL PHILANTHROPIC LIMITED (REGISTERED NUMBER: 05127215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank overdrafts 28,084 20,305

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company advanced £1,355 to the director. This amount was fully repaid within 9 months of the year end. No interest was charged on the advance.

11. RELATED PARTY DISCLOSURES

The immediate and ultimate parent undertaking is Global Philanthropic Holdings UK Limited. The registered office of Global Philanthropic Holdings UK Limited is Appledram Barns, Birdham Road, Chichester, West Sussex, PO20 7EQ.