THE GAVI FUND AFFILIATE

Charity number: 1115297
Removed charity

Charity overview

Activities - how the charity spends its money

The GAVI Fund Affiliate's primary activities are: (1) to enter into grant agreements with sovereign governments and to assign these grants to IFFIm to enable IFFIm to raise accelerated funds for GAVI vaccination programmes, (2) to consider, and if appropriate approve for funding, GAVI programmes, and (3) to request funding from IFFIm and then channel funds for disbursement to GAVI programmes.

Income and expenditure

Data for financial year ending 31 December 2012

Total income:
£246,615,661

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Donations and legacies £246.31m
Charitable activities £0
Other trading activities £0
Investments £302.66k
Other £0

Total expenditure:
£251,933,125

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Raising funds £0
Charitable activities £251.25m
Other £0

-£333 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £683.88k
Charitable expenditure £251.25m

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • The Advancement Of Health Or Saving Of Lives
  • Overseas Aid/famine Relief
Who the charity helps:
  • Children/young People
  • Other Charities Or Voluntary Bodies
How the charity helps:
  • Makes Grants To Organisations
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Afghanistan
  • Bangladesh
  • Benin
  • Burkina Faso
  • Burma
  • Burundi
  • Cambodia
  • Cameroon
  • Central African Republic
  • Chad
  • Comoros
  • Congo (Democratic Republic)
  • Djibouti
  • East Timor
  • Eritrea
  • Ethiopia
  • Ghana
  • Guinea
  • Guinea-bissau
  • Guyana
  • Haiti
  • India
  • Ivory Coast
  • Kenya
  • Kyrgyzstan
  • Laos
  • Lesotho
  • Liberia
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Mozambique
  • Nepal
  • Nicaragua
  • Niger
  • Nigeria
  • Pakistan
  • Papua New Guinea
  • Rwanda
  • São Tomé And Principe
  • Senegal
  • Sierra Leone
  • Solomon Islands
  • Somalia
  • South Korea
  • South Sudan
  • Sri Lanka
  • Sudan
  • Tajikistan
  • Tanzania
  • The Gambia
  • Togo
  • Uganda
  • Uzbekistan
  • Vietnam
  • Yemen
  • Zambia
  • Zimbabwe

Governance

Registration history:
  • 13 July 2006: Standard registration
  • 30 April 2014: Removed (Ceased to exist)
Organisation type:
Charitable company
Other names:

No other names

Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/12/2008 31/12/2009 31/12/2010 31/12/2011 31/12/2012
Total gross income £185.09m £458.73m £520.25m £215.29m £246.62m
Total expenditure £248.52m £396.55m £557.41m £220.33m £251.93m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £180.91m £458.12m £519.74m £214.95m £246.31m
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £0 £0 £0 £0 £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £4.18m £606.99k £510.79k £335.95k £302.66k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £247.82m £395.02m £555.94m £219.28m £251.25m
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance £688.28k £1.38m £1.47m £1.04m £683.88k
Expenditure - Grants institution £237.10m £380.14m £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2008 31/12/2009 31/12/2010 31/12/2011 31/12/2012
Own use assets £0 £0 £0 £0 £0
Long-term investments £0 £0 £0 £0 £0
Other assets £241.74m £463.05m £471.54m £440.25m £513.32m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £165.38m £332.79m £374.56m £348.40m £430.74m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2013 Not submitted
Accounts and TAR 31 December 2013 Not submitted
Annual return 31 December 2012 18 October 2013 On Time
Accounts and TAR 31 December 2012 17 October 2013 On Time
Annual return 31 December 2011 18 October 2012 On Time
Accounts and TAR 31 December 2011 18 October 2012 On Time
Annual return 31 December 2010 05 October 2011 On Time
Accounts and TAR 31 December 2010 20 September 2011 On Time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 26 MAY 2006 AS AMENDED 10 NOVEMBER 2008

Charitable objects

FOR THE BENEFIT OF THE PUBLIC TO RELIEVE SICKNESS AND PROMOTE, PROTECT AND PRESERVE GOOD HEALTH IN DEVELOPING COUNTRIES BY THE PROVISION OF FUNDING, MEDICINES AND OTHER EQUIPMENT, FACILITIES AND SERVICES (EITHER ALONE OR IN PARTNERSHIP WITH OTHERS) FOR IMMUNISATION PROJECTS. "IMMUNISATION PROJECTS" MEANS: (I) STRENGTHENING ROUTINE IMMUNISATION SERVICES AS PART OF OVERALL HEALTH SECTOR DEVELOPMENT; OR (II) SUPPORTING INCREASED USE OF UNDER-USED VACCINES; OR (III) ACCELERATING DEVELOPMENT OF AND ACCESS TO NEW PRIORITY VACCINES AND IMMUNISATION-RELATED TECHNOLOGIES.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED. IN PRACTICE WORLDWIDE.