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2021-03-31-accounts

WONDER Fou%datioii•', Annual Report l April 202p.to 31 fvlarch 202J.' KD

Contents

Contents

Contents
Letter from our Chair 03
About WONDER 04
Our impact in 2020-2021 06
The impact of COVID-19 on our work 07
Where we worked in 2020-2021 09
Strategic objective 1:EMPOWERING WOMEN AND GIRLS 14
Strategic objective 2:INSTIGATING SOCIAL CHANGE 20
Strategic objective 3:SHARING BEST PRACTICE 25
Structure, Management and Governance 30
Financial overview 33
Legal and administrative details 42
Thank you / contact information 44

WONDER Foundation

Letter from our chair

Dear Friends

The chaos and unpredictability of the last year has deepened our partnerships with the amazing woman-led organisations we work with across the world. Working together to prepare and respond to the pandemic, especially at a time when their staff, teachers and students were becoming more confident using online technology has shortened the distance between us. This has deepened our ongoing dialogue with partners, and made WONDER more aware, and more responsive, to their emerging needs.

We have been impressed by the efforts our partners have made to continue serving their communities during the pandemic. They have moved classes online overcoming barriers such as lack of digital data and devices. When lockdowns have closed schools or imposed curfews, our partners have addressed students’ immediate needs. They have adapted their curriculums to respond to changes in industry and prepare women and girls for the post-COVID world.

The WONDER team’s own resilience and creativity has come into its own in the last year. Izzy started working with us just as the pandemic hit, helping us to have our most successful fundraising year to date. Dominyka moved home to Lithuania, and our former colleague, Francesca, stepped into her role. Three trustees left after long service- Julie Hudtohan, now our Philippines advisor, and Jojean Porte, and Carmen Gonzalez who is now our CEO. Kirtana Raj joined the board, bringing new eyes to our strategic vision. Our ability to respond quickly and effectively to our partners has been possible thanks to our volunteers’ diligence and perseverance, working remotely from several countries.

We were successful in securing funds for our largest project to date, Mwangaza, which will train 800 women and girls in Kenya. We successfully completed the EUfunded Red:GLOW project, which built support for marginalised young women through youth work in Europe. We are harnessing that learning to capacity build four youth organisations in the African continent through an EU-funded Project GROW. These experiences have led us to deepen work to create locally-effective, safeguarding protocols. We have been able to build on the success of FATIMA through our continued work with partners Baytree and Na Reja (Poland) and the start of the MIRIAM project.

All of the lessons of the last year have highlighted the importance of mentoring and the impact it has to steer our students through challenging times. We are delighted

to have formalised our partnership with EMPath, a US mentoring model based on Harvard research, to reinforce our partners’ mentoring practice.

As Chair, I am delighted to present this report to you. The year ahead looks no less uncertain, but we are confident that the foundations laid in the last year will help our partners help many more women and girls thrive and look at the future with confidence.

Yours,

Ami Encarnacion Chair

WONDER Foundation

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About WONDER

OUR MISSION

WONDER Foundation is a charity organisation empowering women, girls and their communities through access to quality education, so that they can exit poverty for good.

OUR VISION

A future where women and girls are empowered to make informed life choices and lead the way in their own personal development. A future where quality education and rewarding work is the key to ending poverty. Where education is recognised as a long term investment and solution. A future where every person is valued and their dignity are respected. Where personal growth is as a recognised process that takes time and can be supported through mentoring. A future where development celebrates local knowledge and aims to learn from communities. A future where stable families are regarded as a basic support system, and their positive economic and social impact is recognised.

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About WONDER

OUR PILLARS

WONDER’s approach is based on six key pillars that guide our work with our partners. Offering women and girls access to quality education and sustainable work looks different in each of our projects, so we work with partners who share our approach, and who incorporate the following elements:

• Quality education: We support local projects that educate girls in traditional school settings, as well as vocational training programmes that equip women with the knowledge and skills that good local employers are looking for. This allows young women to find quality and better-paid employment.

• Mentoring: We recognise that providing access to resources is not enough. When quality education is paired with mentoring, we give women and girls the tools and resilience to adapt their skills to every new situation they face, to be leaders in their own lives, and to be role models for others in their families and communities.

• Sustainable employment: If education is to lead to sustained change, it must link into good opportunities. To this end, our partners work to ensure training leads into fair employment or business development with opportunities for future growth. Our partners work with industry to raise employment standards and ensure that training meets employers’ skills gaps.

Investing in local women-led partners: We work with carefully chosen local, woman-led partners who share our mission of empowering women and girls through education. We rely on their expertise to respond to local needs and deliver community centred and sustainable education projects.

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Our Impact in 2020 - 2021

20 097 ,

6 010 ,

women, girls and their communities reached, which is 78% more than last year.

women and girls supported through quality education and training online.

1 683 ,

14 087 ,

women, girls and their families helped after being heavily affected by COVID-19.

women and girls completed accredited training and despite COVID-19, 50% still increased their family income.

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The Impact of COVID - 19

COVID-19 has affected each of our partners’ work as well as our own. Since the first lockdown, our team has been predominantly working from home, and we have adapted our work practices to ensure that our team communication is still strong. An unforeseen advantage of COVID-19 has been our partners’ increased or new confidence with working remotely, and how this has improved and deepened our work together.

Our own costs have not materially changed, and our finances have not been negatively affected. On the other hand, our partners have seen increased financial pressures – students have depleted what they had saved towards their living and learning costs, our partners have strived to keep paying staff salaries whilst their own incomes have fallen. There have also been additional costs for them in meeting the standards set locally for re-opening, for example sanitization stations. When our own, or joint, projects have been affected by COVID-19, we have worked with our funders or adapted delivery.

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The impact of COVID -19

Whilst we were concerned that the pandemic’s economic impact would decrease donations from individual donors and funders, many of whom adjusted their strategies to extend funding for projects already supported prepandemic, our fundraising in the last year has been strong. We have worked to diversify our income over the last few years, and have collaborated more closely than ever with the partners to co-produce programmes that met their needs and funders’ criteria.

We have engaged as many skilled volunteers to help us as ever. With remote working allowing us to recruit volunteers from our partners’ countries as well as across the UK. We have worked hard to keep them motivated and to encourage their own learning goals at a time when many felt isolated and discouraged. Each cohort has given us feedback to improve our remote volunteering practice.

WONDER’s financial year started at the time the UK COVID-19 cases were rising rapidly, culminating at a UK lockdown on 23 March 2020. Management and team had to adjust swiftly to working from home, The

Senior Management team (SMT) at WONDER was able to meet with staff remotely to motivate and monitor their performance. As the UK was in a national lockdown, the SMT was also quick to take the decision to give up the office space and made some key savings on rent. Furthermore, at the start of the COVID-19 crisis, the sad decision was taken to furlough the fundraising team as it was not possible to organise any fundraising events. Despite this, WONDER’s income has increased slightly. However, the SMT is aware that fundraising takes time and will recruit a new team as the pandemic eases.

WONDER was very fortunate to have increased its reserve over the last 12 months, with most of our supporter’s donations remaining unchanged. Throughout the pandemic, WONDER was able to meet all its obligations without financial stress, therefore, the Trustees have a reasonable expectation that WONDER has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

As part of WONDER’s risk mitigation strategy, trustees are now playing an active part in the organisation and risk is being discussed at SMT meetings.

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Where we worked

Where We Worked In 2020 - 2021

In 2020/2021, WONDER worked with 27 partners in 18 countries to bring quality education and training to 6,010 women and girls and COVID-19 support to 14,087 women and their families.

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Where we worked 2020 – 2021

Africa

Africa: 2,103 women supported of which 426 completed accredited training, 6,335 women and their families received COVID-19 support, 10 partners, 6 countries, 13 projects

Cote d’Ivoire: 228 women supported, of whom 41 completed accredited training, 2 partners, 2 delivery partners 1 project.

DR Congo: 150 women supported, of whom 35 completed accredited training, 600 women and their families received COVID-19 support, 1 partner, 1 delivery partner, 4 projects.

Nigeria: 889 women supported, of whom 127 completed accredited training, 1,855 women and their families received COVID-19 support, 2 partners, 10 delivery partners, 4 projects

Kenya: 391 women supported of whom 105 completed accredited training, 3,880 women and their families received COVID-19 support, 2 partners, 4 delivery partners, 3 projects

Cameroon: 142 women supported, 2 partner, 2 delivery partners

South Africa: 303 women supported, of whom 118 completed accredited training, 1 partner, 1 delivery partner, 1 project

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Where we worked 2020 – 2021

Asia

Asia: 759 women supported, of which 348 completed accredited training, 7,642 women and their families received COVID-19 support, 4 partners, 3 countries, 8 projects.

India: 104 women supported, of whom which 25 completed accredited training, 6,720 women and their families received COVID-19 support, 2 partners, 2 delivery partners, 2 projects

Kazakhstan: 175 women, of whom 163 completed accredited training, 1 partner, 1 delivery partner, 2 projects

Philippines : 480 women supported, of whom 160 completed accredited training, 922 women and their families received COVID-19 support, 1 partner, 3 delivery partners, 4 projects

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Where we worked 2020 – 2021

Europe

Europe: 2,373 women supported, of whom 759 completed accredited training, 10 partners, 6 countries, 18 projects

Poland: 250 women supported, of whom 6 completed accredited training, 3 partners, 3 project

Italy: 389 women supported, 2 partners, 3 projects

Spain: 544 women supported, of whom 156 completed accredited training, 1 partner, 3 projects

UK: 700 women supported, of whom 110 benefitted from a special COVID emergency fund for families, 590 completed accredited training, 1 partner, 4 projects

Slovenia: 83 women supported, of whom 7 completed accredited training, 2 partners, 2 delivery partners, 3 projects

Latvia : 407 women supported, 1 partner, 1 delivery partner 2 projects

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Where we worked 2020 – 2021

WONDER Foundation

Americas

South/Central America: 775 women supported, of whom 150 completed accredited training, 3 partners, 3 countries, 4 projects

Guatemala : 625 women supported, of whom 150 completed accredited training, 1 partner, 2 projects

Honduras: 50 women supported, 1 partner, 1 delivery partner, 1 project

Brazil: 100 women supported, 1 partner, 1 project

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Strategic Objective 1:

Empowering Women We empower women and girls by supporting and creating education initiatives in the UK and overseas that improve their wellbeing, provide opportunities and encouragement so that they can exit poverty. and Girls

“We empower women and girls by working with our local partners across the globe to provide access to quality education, and gives them the skills, resources, and support to exit poverty.”

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Strategic Objective 1

PARTNER HIGHLIGHT: KUMBEL, KAZAKHSTAN

With WONDER’s support, our partner Kumbel began work in 2020 upskilling local State Vocational School teachers and schoolgirls. Self-confidence and self-esteem are low amongst Kazakhstan’s schoolgirls, leading to a high suicide rate. Further, teaching methods and curricula are outdated, failing to prepare students for the world of work. Kumbel designed programmes to address these issues.

COVID-19 meant that teachers couldn’t attend their training programme in-person. Furthermore, many were struggling to deliver classes to their students online. The programme adapted to their needs, not only moving teacher training online so that teachers from across Kazakhstan could enrol for the first time, but also helping teachers to adapt to remote teaching. Teachers shared their insights and experiences, helping each other to adapt to pandemic teaching, which enabled them to better support their students. Each teacher enrolled also shared what they learned with colleagues, multiplying the impact of the training.

Kumbel has also engaged 23 young women in this programme. Through social and emotional learning and mentoring, the project supported the students’ mental health, as well as their motivation to continue their education in these challenging times.

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Strategic Objective 1

PARTNER HIGHLIGHT: THE BAYTREE CENTRE, UNITED KINGDOM

Our work with the Baytree Centre has continued in the last year, building on our successful collaboration in the EU-funded FATIMA project which ended in 2019. With funding from PIMCO, we have worked with Baytree to provide integration help to 108 vulnerable migrant women. This work will continue until December 2021. As Baytree persevered in offering personal support to students during the pandemic, we assisted them by offering small grants to meet essential needs. These grants helped 49 students and their families at a time where many had lost their jobs due to COVID-19 and had increased bills due to the need to educate children from home.

In addition, we helped Baytree to multiply the support they offer through their amazing community of volunteers. Through our work, Terra Firma donated £90,000 to fund volunteering at Baytree. They have seen the numbers of volunteers rise as they moved help for women and girls online during the pandemic.

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Strategic Objective 1

PARTNER HIGHLIGHT: KAMALINI, INDIA

Our partner Kamalini empowers women in Delhi and Haryana through education and mentoring. Despite lockdowns and school closures for much of 2021, Kamalini still trained 76 women. These students undertook various courses. These included computer applications, garment construction and design, professional housekeeping, financial literacy and digital literacy. Throughout this period, 28 students also received mentoring. Despite the challenges of COVID-19, 23 women at Kamalini received externally examined accreditations.

Graduates were able to use their skills during the COVID-19 pandemic. One started a YouTube channel to share her knowledge and promote her services. A tailoring graduate shared her skills with her neighbours.

Acknowledging the work of Kamalini, the local government engaged them to provide emergency help to 220 families affected by COVID-19. They also delivered awareness-raising and screening for 6,500 households in local villages in Haryana.

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Strategic Objective 1

PARTNER HIGHLIGHT: THE FOUNDATION FOR PROFESSIONAL TRAINING INCORPORATED (FPTI) SCHOOLS, PHILIPPINES

FPTI has a glowing track record of training young women to enter the country’s growing hospitality and tourism industry. The work experience students gain in industry during their studies has made them very employable.

COVID-19 affected both the industry and the ability for students to do their work experience. But, the FPTI team worked hard to identify new training and graduate opportunities in businesses that were thriving during COVID-19. As a result, employment rates of FPTI graduates have fallen only slightly compared to the industry as a whole. The strong alumni network has also seen graduates sharing job opportunities in their networks. Some graduates used their skills to start home delivery businesses during the pandemic, using Facebook to advertise their products.

In the last year, FPTI has provided essential financial aid to 556 students and their families. It has also upskilled 9 teachers in online learning techniques. With WONDER’s help, FPTI also loaned 359 tablets to students so they could learn from home. In the last year, WONDER has also contributed to the new Punlaan school building and provided support to five students affected by the 2020 Super typhoon Rolly.

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Strategic Objective 1

TESTIMONY: JUNKABAL, GUATEMALA

Due to ongoing dialogue with Junkabal during the pandemic, we identified that many parents were not enrolling their youngest children in Junkabal, at a time when the state-funded schools were not offering any education whilst schools were closed. We offered funding to Junkabal to top up the fees of those students whose families were struggling most, these families coming from one of the poorest areas of Guatemala City. Maria, Project Office Manager for Junkabal, said:

“WONDER has helped us have more impact this year by helping us support our most vulnerable students to continue in our school. Without WONDER’s support, we feel like many families would have taken their kids out of school out of desperation and financial need. Thanks to WONDERs funding we have not had a significant decrease

in enrolment, we have been able to benefit 505 students with the

TESTIMONY: WAVECREST COLLEGE, NIGERIA

Adedayo is studying at Wavecrest College of Hospitality, in Nigeria, and dreams of having her own restaurant one day. The skills she is learning, she explained, “will help my dreams become a reality”. From an early age, Adedayo knew she wanted to continue her education for as long as she could. “I started working as a house help after my secondary school to raise some money to move forward with education all by myself as my parents did not have the financial capacity to help me move on with my education”, she told WONDER.

Continuing her education during the pandemic has been a struggle for Adedayo. She finds learning online difficult: “I am not able to follow the online classes regularly because sometimes I may not have money to buy data on my phone, sometimes there is no electricity to power and charge my phone”. She added that “not going to school physically has made me want to give up my education”. But, thanks to the encouragement of her mentor she is continuing her studies despite the challenges she is facing.

Adedayo and other young women in financial hardship are receiving scholarships. “I will make my supporters proud by doing my possible best in my education.” With WONDER’s help, Wavecrest provided Adedayo and other young women in her situation with a scholarship to continue their education, despite COVID-19.

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Strategic Objective 2:

Instigating Social Change

We empower women and girls by supporting and

creating education initiatives in the UK and overseas that improve their wellbeing, provide opportunities and encouragement so that they can exit poverty.

We help instigate social change through engagement with the women in our local projects, experts, policymakers, donors and contributors.

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Strategic Objective 2

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Strategic Objective 2
COMMUNITY PROJECT HIGHLIGHT:
STUDENTS EMPOWERING THEIR
COMMUNITIES
Lantana College, our local partner in Nigeria, is committed
to helping their students share their learning with others.
On completing the first year of their vocational training
programme, students prepare and deliver Community
Service Projects in their own communities.
They were still able to do this, despite the pandemic. With
support from their teachers and mentors, these projects
have enabled students to consolidate their skills and develop
their sense of citizenship. Further, they clearly demonstrate
the benefit of young women’s leadership and training to the
wider community.
This year the projects included sharing cooking techniques
and recipes with women, who could then prepare this
food for sale to help their families at a time when Nigeria’s
unemployment, already high, has risen.
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Strategic Objective 2

COMMUNITY EVENT HIGHLIGHT: THE FUTURE OF WORK FOR WOMEN WEBINAR SERIES

In 2020 WONDER started our #FutureofWork webinar series. Due to our new technological skills thanks to the pandemic, we realised that we could bring our partners’ voices, experiences and expertise directly to our supporters and others interested in our work. So far, we have highlighted:

See our previous reports building on what we have learnt from these discussions here: www.wonderfoundation.org.uk/our-work/research-and-publications

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Strategic Objective 2

INSIGHT REPORT: THE FUTURE OF WORK FOR YOUNG WOMEN IN KILIFI

The pandemic has magnified the gender inequalities that affect girls’ education. Students at Tewa Training Centre, WONDER’s partner school, haven’t had access to the tools they need to continue their education. Classrooms closed and increased responsibilities at home make returning to education a challenge.

As sources of income dried up when the pandemic hit, some of Tewa’s students and alumni set up their own businesses. It became clear that the skills and knowledge, combined with ongoing support from mentors in some cases, meant that Tewa students, past and present, were better equipped than their peers in adapting to the emerging challenges.

This report explores the situation of women in Kilifi on Kenya’s coast. Additionally, it explores the local social, cultural and economic barriers to women’s success and that of their families. It provides a compelling case for why equipping women with a diverse skillset in business management and self-employment, alongside hospitality and tourism training, will equip vulnerable young women with the tools they need to be self-sustaining in a fragile marketplace post-COVID.

Download and read the full report here.

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Strategic Objective 2

CORPORATE PARTNER HIGHLIGHT: EMPOWERING YOUNG WOMEN IN POLAND WITH SODEXO

Sodexo chose us as one of their volunteering partners in 2021. Through WONDER, Na Reja our partner in Poland engaged volunteers from Sodexo to teach English online to school girls and school leavers, helping to boost their confidence and improve their ability to get a good job – Na Reja built on the experience of WONDER’s partner, Baytree, to develop effective support for young people using Zoom.

Na Reja noted the improvement to migrant young women’s self-assurance at a time when many of the migrant girls had been isolated and separated from their parents abroad for long periods, due to COVID-19 and other challenges. Na Reja organized ten workshops with local experts, bringing together Polish and migrant young women. The project will continue in the next academic year.

One of the participants, Eva, tells us how the project has helped her:

“The girls and I heard for ourselves a lot of useful information, namely: how to develop, how and where to apply for admission to universities, how to draw up a resume, how to write a letter to the employer. We’ve recently chosen our mentors. This is a person who helps you to develop and recognize your skills, and also answers your questions. In the midst of everyday life, Saturday is like a ray of sunshine for me, because on this day we have the workshops and I have the opportunity to meet with my mentor.”

IN ADDITION, WE HAVE:

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Strategic Objective 3: Sharing Best Practice

We share best practice and learning with our partners to help improve their operational efficiency and management, and maximise their impact and use of funds.

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Strategic Objective 3

CAPACITY BUILDING HIGHLIGHT: TRAINING YOUTH WORKERS TO MODEL LEADERSHIP

Our EU-funded Erasmus+ project, Red:GLOW ended in 2020. WONDER, (the project lead) and our partners in the UK, Italy, Latvia, Poland, Slovenia and Spain reached 1000 young women and youth workers in the project’s second and final year. The project adapted to COVID-19, delivering support and opportunities for skills development and citizenship for young women online during COVID-19. The experience of these youth workers and the delivery of the leadership and volunteering programmes in each of the countries led to the completion and dissemination of these programmes for others to use through partners’ networks.

Through our collaboration over the two years of the project our distilled learning was developed into resources and reports. The first was a guide for youth workers working with young women in Europe, which shared youth workers’ and young people’s experience in promoting active citizenship and inclusive leadership opportunities.

The second was a policy report that provided an overview of the challenges facing young women in the EU. It detailed the importance of investing in quality youth work to enable young women, especially those with fewer opportunities, to thrive at work, in education, and as citizens. All these resources were published in English, Italian, Latvian, Polish, Slovenian and Spanish, and videos were made to accompany them.

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Strategic Objective 3

CAPACITY BUILDING HIGHLIGHT: SUPPORTING OUR PROJECTS TO LOOK AT POST-COVID TRAINING STRATEGIES

Many of WONDER’s partners offer hospitality training, and we have been happy to support this, given the growth in tourism and hospitality industries in these countries. COVID-19 has severely disrupted global and local tourism, and many of our students and alumni face uncertain futures in this industry. We have worked with our partners, where they have requested it, to consider options for how to address this. As many of the students and alumni have harnessed their cookery skills at this time to start small food businesses, often delivery services, we are working with partners to embed business training, including social media- essential in countries such as Kenya and the Philippines, alongside the accredited vocational training already on offer. Even in the best circumstances, there is uncertainty, and this dual approach will ensure that our alumni can always generate a good income and have more options.

Secondly, our partner, Yarani in Côte d’Ivoire, has offered assistant nurse training for several years, building on existing staff expertise in hygiene and nutrition from the hospitality programmes. Their alternative accredited training offer opens a new world of opportunities to women with only primary level education after one year of training. We have been able to share this experience with our partners in the Philippines and Guatemala. We have funded a strategic report into FPTI’s work in the Philippines, to see whether they could offer healthcare courses in future, broadening their training offer and extending their help to new groups of women and girls. We are supporting our partners in Guatemala to learn from Yarani, and are providing research support to enable them to see whether assistant nurse or similar training would offer good routes to self-sufficiency for women in Guatemala City.

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Strategic Objective 3

CAPACITY BUILDING HIGHLIGHT: EMPOWERING AFRICAN YOUTH WORKERS TO PREPARE YOUNG WOMEN FOR THE FUTURE

We have continued to work with partners in Kenya, Nigeria and South Africa to develop resources for female youth workers in Africa. This EU-funded project, GROW, is aimed at growing and strengthening the capacity of five NGOs across Europe (UK and Italy) and Africa (Nigeria, Kenya and South Africa) working to empower young women through the sharing of best practice between organisations. Launched in 2019, this innovative project will empower 1000 young women from disadvantaged backgrounds living in the UK, Italy, Nigeria, South Africa and Kenya, and train 80 youth workers who support them. Youth work has little recognition in Sub-Saharan Africa receives and little government help. Project GROW seeks to improve the quality and recognition of youth work, non-formal learning and volunteering in the region and enhance their synergies and complementaries with the labour market and society.

Due to changes and delays to the project imposed by COVID-19, including not being able to travel to understand each other’s work in a local context, we have strengthened our remote working and learning practices. This time has also strengthened organisations’ digital youthwork, and understanding of online safeguarding, which was always a goal of the project. As a response to this exchange of knowledge we have developed innovative safeguarding training for the partners which will be delivered in 2021/22. With an expert facilitator, they will produce protocols for their own use and toolkits that can inspire other local organisations to adopt locallyappropriate, effective safeguarding practices.

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Strategic Objective 3

CAPACITY BUILDING HIGHLIGHT: PREVENTING UNSAFE MIGRATION IN WEST AFRICA

Working with our partners, ELIS in Italy, Cote d’Ivoire and Nigeria, we have supported them to prevent young people from unsafe migration. Through mentoring and training of staff, we have continued to work with our partners, Yarani in Abidjan and the four Women’s Board Schools in Nigeria, to deliver vocational training that leads to good jobs. In the last year they have trained 228 young women in Cote d’Ivoire, and 879 women in Nigeria.

used these skills to raise awareness amongst peers and in their communities, and have built staff awareness of the scale of young people’s desires to migrate, regardless of their background. We are co-producing online safe migration resources with the young leaders, building on this work, which will launch in Autumn 2021.

We have enhanced the capacity of the project stakeholders, including our local partners’ own local partners in this project, to share information and learning. This has seen us co-ordinate and develop the process for bi-lingual meetings, led by local partners, as well as local sharing in each country. Project leaders have strengthened skills in consultation, reflection and improved feedback within their organisations.

In Autumn 2020 we trained 30 young leaders to become activists on unsafe migration. We upskilled university students and graduates in campaigning, advocacy, ethical story collection and telling. They also received training from local experts on the realities and warning signs of trafficking and unsafe migration. Since then, they have

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Structure, Management and Governance

Governing document

WONDER Foundation is registered under the Companies Act 1985 as a company limited by guarantee and not having capital divided by shares.

The company was incorporated on 24 January 2012 and is a registered charity constituted as a limited company under the Memorandum and Articles of Association. The charity registration number is 1148679 and the company registration number is 7921757.

Recruitment and appointment of trustees

The Chair is a Director appointed by the Board of Directors who may at any time revoke such appointment. The Chair has no functions or powers except those conferred by the articles or delegated to him or her by the directors. The Board of Trustees have power to appoint additional Directors/Trustees as it considers fit to do so, however, they must retire at the subsequent Annual General Meeting (AGM) and be reappointed by the members. Additionally members can propose new directors in advance of the AGM in accordance with the steps set out in the Memorandum and Articles.

Trustee induction and training

The Trustees maintain a good working knowledge of charity and company law and best practice by attendance of charity and company courses run by external providers. New Trustees received a personalised induction into their role.

Organisation

The company is organised such that the Trustees meet every six months to manage its affairs. The Trustees are members from a variety of backgrounds with relevant professional experience. The chair, vice-chair and finance director meet on a bi-monthly basis. The daily operations are the responsibility of the Executive Director, who reports formally to two appointed Trustees on a monthly basis and quarterly to the board of Trustees. There are separate committees for Finance, Personnel and Fundraising. These meet as and when required.

At the first AGM all the directors were required to retire from office unless by the close of the meeting the members had failed to elect sufficient directors to hold a quorate meeting of the directors. The Trustees in office in the year 2020-2021 are set out on page 42 of the Annual Report. At each subsequent AGM one third of the directors or, if their number is not three or a multiple of three, the number nearest to one-third, must retire from office.

The Trustees have no beneficial interest in the company other than as members. The Trustees are also directors of the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of winding up.

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Reserves policy

The Trustees consider it prudent to maintain an adequate level of unrestricted reserves and are working towards ensuring that there is a minimum level of three months expenditure in the general funds and a maximum of a year.

Risk management

The Trustees have examined the major strategic and operational risks which the Charity faces and confirm that systems are in place to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.

Public benefit statement

The Trustees confirm that in accordance with Section 4 of the Charities Act 2006, they have due regard to the public benefit guidance published by the Charities Commission. They confirm that the activities of the Charity are for the benefit of the public in general.

Signed on 16th August 2021

Ami Encarnacion

Chair

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Independent examiner’s report to the trustees of Wonder Foundation Charitable Company (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the

year ended 31st March 2021 which are on pages 33-42.

Responsibilities of trustees and independent examiner

The trustees, who are also the directors of the company for the purposes of company law, are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants (ACCA). Having satisfied myself that the company charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the company charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and explanations sought from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with s. 386 of the Companies Act 2006; and

  3. to prepare accounts which accord with the accounting records, comply with the accounting requirements of s. 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed 16th August 2021

Ransford Grey FCCA, MBA, B.Sc. (Hons)

The Financial Warehouse Company Chartered Certified Accountants (ACCA) First Floor 11- 13 Station Road Swanley BR8 8ES

WONDER Foundaton

Annual Report | 32

Finances

Statement of Financial Activities

for the year ended 31st March 2021

Note Restricted
(£)
Unrestricted
(£)
Total Funds
2021 (£)
Unrestricted
(£)
Total Funds
2021 (£)
Total Funds
2020 (£)
Income and Endowments from
Donations and Legacies (inc Gift Aid) 2 221,696 205,119 426,815 251,200
Other Trading Actvites
Fundraising 3 70
Sundry 4 3,219
Income from Charitable Actvites
Grants 5 561,180 10,655 571,835 184,773
Total Income and Endowments 782,876 215,774 998,650 439,262
Expenditure on
Raising Funds
Fundraising 6 133 106 239 17,419
Charitable Actvites 7 478,925 97,955 576,880 348,358
Total Resources Expended 479,058 98,061 577,119 365,777
Transfers between funds
8
261
(261)
Net Income/(Expenditure)
304,079
117,452
421,531 73,485
Reconciliaton of Funds
Total Funds brought forward
110,975 172,309 283,284 209,798
Total Funds carried forward 415,054 289,761 704,815 283,284

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Finances Note
2021 (£)
Note
2021 (£)
2020 (£)
Current assets
Balance Sheet
for the year ended 31st March 2021
For the fnancial year in queston, the company was enttled to exempton under secton477
of the Companies Act 2006 relatng to small companies. No members have required the
company to obtain an audit of its accounts for the year in queston in accordance with
secton 476 of the Companies Act 2006. The directors acknowledge their responsibility for
complying with the requirements of the Act with respect to accountng records and for the
preparaton of accounts. These accounts have been prepared in accordance with the provi-
sions applicable to companies subject to the small companies’ regime.
Approved by the Trustees on 16th August 2021
Ami Encarnacion
Modupe Da Silva
Cash at bank and in hand 9 706,956 289,724
706,956 289,724
Current liabilites 10
Other Creditors 2,140 6,442
Net assets
704,816
283,284
Funds
Unrestricted Funds
General Funds
289,761
172,309
Total Unrestricted Funds
289,761
2021
172,309
2021 2020
Restricted Funds 11
ISSI - - DR Congo
3,109
1,490
Junkabal - - Guatemala
1,301
883
Lantana - - Nigeria
840
1,069
FPTI - - Philippines
2,193
29
Kamalini - - India
19,107
125
Los Sauces - - Honduras 800
An Nawras - - Lebanon
1,030
Project Red: GLOW - - EU 10,944
Wavecrest - - Nigeria 438
KFCSED - - Kazakistan
9,725
Object - - EU 18,980
Project GROW - - EU/Africa
66,187
69,627
Natonal Lotery - - UK 6,589
#Iwill - - UK
6,867
B F F BAYTREE CTC - - UK
1,127
Being and belonging - - EU
28,121
Mwangaza - - Kenya
272,774
Tewa - - Kenya
2,672
Total Restricted Funds
415,054
110,975
Total Funds
704,816
283,284

WONDER Foundation

Annual Report | 34

Finances

Cashflows for the year ended 31st March 2021

2021
Total Funds £
2020
Total Funds £
Cashfows from Operatng Actvites:
Net income/(expenditure)for the reportng period (as per
the statement of fnancial actvites)
12 421,531 73,485
Adjustments for:
Depreciaton Charges
Dividends, interest and rents from investments
Loss/(proft) on the sale of fxed assets
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors (4,300) (728)
Change in cash and cash equivalents in period
Cash and cash equivalents at the beginning of the period
Cash and Cash equivalents at the end of the period
13
417,231 72,757
289,724 216,967
706,955 289,724

WONDER Foundation

Annual Report | 35

Finances

Notes to the financial statements

1. ACCOUNTING POLICIES

(a) Basis of Preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102) preparing their accounts in accordance with the Financial Reporting Standard appliable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.

(b) Company Status

The Charity is a company limited by guarantee. The members of the company are the trustees named on page 39. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

(c) Fund Accounting

Restricted Funds are those Funds subject to specific conditions by donors. Unrestricted Funds are those funds available for use at the discretion of the board of trustees to achieve any charitable purpose that falls within Wonder Foundation’s charitable objectives.

(e) Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs of generating funds include direct expenditure and overhead costs to support fundraising activities. Expenditure to support main objects of the charity are shown separately in Charitable Activities.

(f) Taxation

Wonder Foundation has charitable status and therefore is not liable to pay taxation fees. All UK VAT is applied to the relevant line of expenditure and is not recovered.

(g) Volunteers and Staff

Work in the office is undertaken by 4 members of staff, 1 consultant and several volunteers who give their time free of cost. The financial implication of these voluntary contributions are not reflected in the financial statements.

(h) Foreign Currencies

General policy on foreign currency is to use the actual exchange rates as per the conversion reflected on the bank account or cash transaction. The policy is then adapted where necessary to meet the specific requirements of the funders.

(d) Income and Endowments

Income is accounted for on a receipts basis, or when legal entitlement occurs, receipt is certain and the amount can be quantified with reasonable accuracy. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost.

(i) Reserves

WONDER Foundation is building its reserves and by 31st March 2021 held £287,622, this represents 4 months of operating expenses.

WONDER Foundation

Annual Report | 36

Finances

2. DONATIONS & LEGACIES

----- Start of picture text -----
Restricted (£) Unrestricted(£) Total Funds (£) 2020 (£)
Donations - - Individuals 120,812 106,535 227,346 119,639
Donations - - Corporate 100,634 76,218 176,852 119,010
Interest 6 6
Gift Aid Recovered 250 22,361 22,611 12,551
Total 221,696 205,119 426,815 251,200
----- End of picture text -----

3. FUNDRAISING

Restricted (£) Unrestricted(£)
Total Funds (£)
Unrestricted(£)
Total Funds (£)
2020 (£)
Christmas Cards 70
Total 70

4. SUNDRY

Restricted (£) Unrestricted(£)
Total Funds (£)
Unrestricted(£)
Total Funds (£)
2020 (£)
Foreign exchange gain 1,288
Miscellaneous 1,923
Total 3,219

5. INCOME FROM CHARITABLE ACTIVITIES - - GRANTS

----- Start of picture text -----
Restricted (£) Unrestricted(£) Total Funds (£) 2020 (£)
#Iwill - - UK 10,000 10,000
B F F BAYTREE CTC - - UK 4,118 4,118
Being and Belonging - - EU 28,122 28,122
Nurses - - Congo 24,510 24,510 16,700
Kamalini - - India 15,915 15,915
Tewa - - Kenya 9,000 9,000
Fatima - - EU 94,775 94,775
Mwangaza - - Kenya 272,774 272,774
Wavecrest College - - Nigeria 12,195 12,195
Project Red: GLOW - - EU 88,771 88,771
Wonder Foundation - - UK 10,655 10,655
Fundation Canfranc - - Spain 7,405
Object - - EU 1,000 1,000 27,112
Project GROW - - EU/Africa 123,556
National Lottery - - UK 10,000
Total 561,180 10,655 571,835 184,773
----- End of picture text -----

WONDER Foundation

Annual Report | 37

Finances

6. RAISING FUNDS

Restricted (£) Unrestricted(£)
Total Funds (£)
Unrestricted(£)
Total Funds (£)
2020 (£)
Fundraising Expenses 133 106 239 17,419
Total
133
106
239 17,419

7. CHARITABLE ACTIVITIES

Advocacy Education in the UK

----- Start of picture text -----
Restricted (£) Unrestricted(£) Total Funds (£) 2020 (£)
Charitable Expenses 38,991 38,991
Volunteer Expenses 417
Office costs 162 162
Salaries 9,561 9,561 11,128
Total 48,714 48,714 11,545
----- End of picture text -----

Enterprise Skills (EU)

----- Start of picture text -----
Restricted (£) Unrestricted(£) Total Funds (£) 2020 (£)
Rental hire 230
Charitable Expenses 185,990 185,990 80,006
Volunteer Expenses 589 589 1,378
Office Costs 560 560 147
Salaries 73,835 73,835 115,405
Dues & Subscriptions 405 405
IT Costs 4,065 4,065 11,870
Legal & professional 1,200 1,200
Total 266,645 266,645 209,106
----- End of picture text -----

Overseas Projects for training of women

----- Start of picture text -----
Restricted (£) Unrestricted(£) Total Funds (£) 2020 (£)
Nurses - - Congo 42,584 42,584 22,553
Mairin - - Honduras 800 800 5,000
Yarani - - Ivory Coast 10,285 10,285 5,000
Junkabal - - Guatemala 6,936 6,936 2,701
Kamalini - - India 9,745 9,745 5,000
KFCSED - - Kazakistan 14,284 14,284
Tewa - - Kenya 9,000 9,000 10,000
Lantana - - Nigeria 2,435 2,435
Wavecrest College - - Nigeria 28,621 28,621 4,873
FPTI - - Philippines 36,625 36,625 10,805
Project Tormenta Coban - -
2,251 2,251
Guatemala
Total 163,566 163,566 65,932
----- End of picture text -----

WONDER Foundation

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Finances

Charitable Activities in the UK

----- Start of picture text -----
Restricted (£) Unrestricted(£) Total Funds (£) 2020 (£)
Rent & Service Charge 8,700
Premises Costs - - Repairs,
130 130
Renewals and Safety
Charitable Expenses 2,490 2,490 7,902
Volunteer Expenses 1,173 1,173 2,349
Bank Charges 192 192 262
Office Costs 394 394 2,773
Salaries 90,253 90,253 32,353
Legal & Professional 804 804 1,068
Subscriptions 674 674 194
IT Costs 1,872 1,872 547
Safety
Exchange Gain/Loss -26 -26 17
Total 97,955 97,955 56,775
Total Charitable Activities’
478,925 97,955 576,880 343,358
Expenditure
----- End of picture text -----

8. TRANSFER BETWEEN FUNDS

----- Start of picture text -----
2021 (£) 2020 (£)
WONDER (UK) 261
Wavecrest College - Nigeria (114)
Yarani - Ivory Coast (147) (20)
Fatima - EU 11,222
An Nawras - Lebanon (34)
Total 11,177
----- End of picture text -----

9. CASH AT BANK AND IN HAND

9. CASH AT BANK AND IN HAND 9. CASH AT BANK AND IN HAND
2021 (£) 2020 (£)
Bank 706,643 289,411
Bank Float
Total
313 293
706,956 289,704

10. CREDITORS

2021 (£) 2021 (£) 2020 (£)
Social Security Costs (PAYE & NI) 4,441
Independent Examiner Fee
Total
2,140 2,000
2,140 6,441

WONDER Foundation

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Finances

11. MOVEMENT OF RESTRICTED FUNDS

----- Start of picture text -----
Balance at 1 Movements in Expended (£) Transfers from Balance at 31
April 2020 (£) Incoming Unrestricted (£) March 2021 (£)
Resources (£)
ISSI - - DR Congo 1,490 44,203 42,584 3,109
Yarani - - Ivory Coast 10,139 10,285 147
Junkabal - - Guatemala 883 7,354 6,936 1,301
Lantana - - Nigeria 1,069 2,206 2,435 840
FPTI - - Philippines 29 38,788 36,624 2,193
Kamalini - - India 125 28,727 9,745 19,107
Los Sauces - - Honduras 800 800
Fatima - - EU 94,775 94,775
An Nawras - - Lebanon 1,030 1,030
Project Red:Glow - - EU 10,944 133,641 144,585
Wavecrest - - Nigeria 438 28,068 28,620 114
KFCSED - - Kazakistan 24,009 14,284 9,725
Object - - EU 18,980 18,980
Project GROW - - EU/Africa 69,627 3,439 66,188
National Lottery - - UK 6,589 6,589 (0)
#Iwill - - UK 10,000 3,133 6,867
B F F BAYTREE CTC - - UK 4,118 2,991 1,127
Baytree Centre PIMCO - - UK 36,000 36,000
Beeing and belonging - - EU 28,122 28,122
Mwangaza - - Kenya 272,774 272,774
Na Raja - - Poland 5,000 5,000
Project Tormenta Coban - - Guatemala 2,250 2,250
Tewa - - Kenya 11,672 9,000 2,672
110,975 782,876 479,056 261 415,055
WONDER (UK - - general funds) 172,309 215,773 98,061 (261) 289,761
Total Funds 283,283 998,648 577,119 704,815
----- End of picture text -----

WONDER Foundation

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Finances

12. CASHFLOW

----- Start of picture text -----
2021 2020
Total Funds Total Funds
(£) (£)
Net movement in funds for the reporting period 421,531 73,485
Adjustments for:
Depreciation Charges
Dividends, interest and rents from investments
Loss/(profit) on the sale of fixed assets
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors -4,300 -728
Net cash provided by (used in) operating activities
CASH BALANCE BROUGHT FORWARD 417,231 72,757
----- End of picture text -----

13. ANALYSIS OF CASH AND CASH EQUIVILENTS

----- Start of picture text -----
2021 2020
Total Funds Total Funds
(£) (£)
Cash in hand 706,955 289,724
Notice Deposits
Overdraft Facility
Total Cash and Cash Equivalents 706,955 289,724
----- End of picture text -----

WONDER Foundation

Annual Report | 41

Legal and Administrative Details

Legal and administrative details

OUR TRUSTEES

WONDER is proud to have a diverse board of excellent professionals to lead our work.

Ami Encarnacion (Chair) Alejandra Fabrega (Vice-Chair) Modupe Da-Silva (Treasurer) Raphaella Gabrasadig Carmen Gonzalez (resigned January 2021) Julie Hudtohan (resigned January 2021) Uzoma Igboaka Ekene Ngwuocha Jojean Porte (resigned January 2021) Kirtana Raj (appointed 23/03/2021)

OUR TEAM

WONDER has a team of passionate paid staff and project consultants who work to deliver our vision.

Olive Ahmed (Consultant) Francesca Colombo (from March 2021) Izzy Cumming-Bruce Olivia Darby (Company Secretary) Brigitta van Bilderbeek (on furlough) Paola Delmonaco (consultant) Carmen Gonzalez (CEO) Dominyka Lomsargyte (until March 2021) Camille Thirot-Lafond

OUR ADVISORS

WONDER staff consult our expert advisors to provide knowledge and skills and inform our work.

Dr Rick Adams (Health) Manuela Balliet (Health, Cote d’Ivoire) Elizabeth Beh (HR) Maria Calderon (Guatemala and Central America) Cristina Cleary (Schools Engagement) Dr Chisom Emecheta (Women’s Health) Anastasia Gabrasadig (Schools and education) Lorena Ghigo (HR) Dr Lucy Nyaguthii Gikonyo (Kenya, Tourism and Hospitality) Tseday Hailu (Child Protection) Botagoz Hopkinson (Kazakhstan) Julie Hudtohan (HR and Philippines) Dr Olive Nsababera (Research, Migrants and Refugees) Dr Belinda Nwosu (West Africa, Hospitality, Employability Skills) Dr Brenda Osieyo (Public Health) Marion Osieyo (Sustainability) Marta Ponikowska-Stejskal (Eastern Europe, Edtech) Shefali Roy (Women in Tech) Jacqueline Wambua (Mentoring Consultant)

OUR OFFICE VOLUNTEERS

WONDER’s work would not be possible without the support of our hard-working volunteers who play a key role in our work around the world. We were nominated again in 2020 and 2021 for LSE voluntary organisation of the year.

Danai Aberg Anjana Ahilan Pankhuri Anand Reshma Anwar Marianne Arnshof Rakhymzhan Assembek Lou Aubay Elizabeth Beh Alexia Benchimol Lia Braga Pessoa Cristina Caniz Perez Elena Christaki-Hedrick Laura Curtis Pauline Engelson Kenza Essalama Anais Fiault Ashley Groves Blanca Gutierrez Grace Hillerby Aleesha Jethwar Grace Joel Natalie Keffler Dowon Kim Thomas Manning Charlie Marchant Poorvika Mehra Cristina Munoz Nicole Nguyen Alice Norga Anita Ogutu Freya Partington

WONDER Foundation

Annual Report | 42

Legal and Administrative Details

Anya Patel

Imogen Perry Maddie Potter-Wood Kirtana Raj

Nadin Rayya Pauline Reinhardt Greta Sanna Charlot Schneider Cyntheiah Siva Maria Soroghan Dilyara Tashibayeva Riya Vekaria Marianna Vieira Cristiana Zampolini

OUR PARTNERS

In the last financial year, we worked with 28 local women-led organisations globally who have a proven track record of helping developing communities through education. We rely on their expertise to respond to local needs and solutions in order to establish sustainable projects.

Africa partners

Association pour le Développement Intégral de la Personne (Cameroon) Association pour le Développement Social et Culturel (Côte D’Ivoire) Association pour la Promotion de la Femme (Cameroon) Centre Congolais de Culture de Formation et de Développement (DRC) Kianda Foundation (Kenya) Komati Foundation (South Africa) Nigerian Association for Women’s Advancement (Nigeria) Nurisha Trust (Kenya) Women’s Board - Educational Cooperation Society (Nigeria)

Americas Partners

Associação de Desenvolvimento Educativo e Cultural (Brazil)

La Asociación Hondureña para la Promoción Educativa (Honduras) Fundación Junkabal (Guatemala)

Asia Partners

Foundation for Professional Training, Inc. (Philippines) Kazakhstan Foundation for Cultural, Social and Educational Development (Kazakhstan) Protsahan Trust (India) Education and Development Initiatives (India)

Europe Partners

Fondazione ELIS (Italy) Fundacija Sursum (Slovenia) Fundacion Canfranc (Spain) Kopienas Attīstības Centrs (Latvia) Stowarzyszenia wspierania rozwoju kompetencji Na Reja (Poland) Porta Nevia - Fondazione Rui (Italy)

Stowarzyszenie Krzewienia Edukacji i Kultury Dziesiatka (Poland) Stowarzyszenie Panorama (Poland) The Baytree Centre (UK) Zavod (Slovenia)

OUR CORPORATE PARTNERS

Thank you to the businesses that have supported us in the last year.

David Charles Publishing Electroneum Land Aid Literacy Planet McQueen Flowers My Language Connection Organa Beauty Wellbeing Queen Me PIMCO Saintly Skin Travers Smith

Women Who Will

OUR FUNDERS

Eleanor Rathbone Charitable Trust EU - Erasmus + James Tudor Foundation London Community Foundation - #IWILL N Smith Charitable Trust Sisters of the Holy Cross Charitable Trust Stewardship TAD

The Hilden Charitable Fund The National Lottery Community Fund - Awards for All The Peter Stebbings Memorial Charity The Souter Charitable Trust Turing Foundation

REGISTERED OFFICE

The Baytree Centre, 300 Brixton Road, London, SW9 6AE

INDEPENDENT EXAMINER

Ransford Grey, The Financial Warehouse Company Ltd. (FWCO), Chartered Certified Accountants, 11-13 Station Road, Swanley, BR8 8ES

BANKERS

HSBC Bank PLC, Lion House, 25 Islington High Street, London, N1 9LI

COMPANY REGISTRATION NUMBER

7921757

CHARITY REGISTRATION NUMBER

1148679

REPORT DESIGNED BY Felix Belfield

WONDER Foundation

Annual Report | 43

Legal and Administrative Details

Since WONDER was established as a charity in 2012, we have worked with 30 partners in 23 countries to empower 81,990 women and girls through quality education and training.

Contact us

www.wonderfoundation.org.uk contact@wonderfoundation.org.uk

300 Brixton Road London, SW9 6AE +44 (0) 20 3488 2008

WONDER Foundation

Annual Report | 44