Chariry number.. 1155564
IGY Foundatlon
Trustees, Reportand Flnanclal Statements
For the year ended 31 March 2025

IGY Foundation
Contents
Page
ReferenLeand admin25trative detdlls tsf the Foundatlon, its Trustee% and advisors
Trustees. report
IndepcndL'nt dudltor's report on the financlal statements
St2remeni orrinanoal activiti
Balajjce sheet
Notes to the financial statoments
10-17

IGY Foundadon
ReftreTh¢e and administralion detsils ofthe Foundation. its Trustees and advlsors
For iheyear ended 31 March 2025
Trusiees
N D Sleep, Chdir
M Byrne. Tru4ree
A R Muntgomery, Trusree
S C Sleep, TFusiee
Charity number
Il55564
Principal office
IA Burnsall Street
Londo
SW3 3SR
Independentaudltor
Saffery LLP
Mldland Huuse
2 Puole Road
Bourneffiouth
BH2 5QY
Bankers
C. Hoare & Co
32 Lownde5 Street
Lundv
SWIX 9HZ

IGY Foundation
TnL$iee$' Report
For the year ended 31 March 2025
TheTru%tees prosont thelr anRual repurt robtether wlth the audlted financHI srarements of rhe IGY Foundarioll
for the yekrto 31 March 2025.
The accounts have been prepared in actorddnco wlth the accounring policies setout in note 2 to rhe account5
and comply with the Fuundatton's drticles olassociaiion, the Charit￿eS ALt 2011 and'ALcuuntin% dlld Repurting
by Chdrifies.. Statemenr ol Recominended Practice" appliiahle ti) charities preparing rhL'ir aciounts In accordaace
th the Financial Reporting Standard appliL3ble in the UKand Republic of Ireland IFRS 1021.
The IGY Foundarion makes donatinn.4 and ￿'ants to a limited number ot charltlL'S prlnclpally tor rhe benefit ol.
young people.Thc IGY Foundatlon has rL'celved or LXPLxrs to reLeive tundinR from IGY Limited and Sleep,
Zakaria and Company Limited. Funding from the wider publlc Is sought orexpected. The Foundarion does
not U511ally re%pond to unsolicited requ¥ts lor donarions as the Trusteos prcfcr to do their own rc5carth
assessingwhich wtendal tauses to support. Our siron% preference is Ihar donattons are, as much as is pract￿￿1,
antsnymow¥.
More Informarion abourthe IGY Foundation, our wider thoughts on philanthropy, as well as rhe lettprs uf the
NoTnad lllve5ttnenr Partnership. can be lound atthe Foundation'.$ wehsite, www.igyt()undation.OT&uk
Obffiertlves and aetlvitle$
Pollcle$ and oble¢￿V¥S
The princip￿14 objeciives ofthe IGY Foundarion I'the Foundation'l areto advance any pU￿osethat is exclusively
L*ariiableacrording to the law of England and Wale%. Currenrly. the Trustees ai'esupporting iharitable aftivities
lor the beneftt ol'chlldren, yOLing people, and thi)se with disabiiiries. The Fuundatlun wlll oft'Ergrants and
donatlons t() a vartety ofur￿￿[sarions and indivldu415 and advance otherchaTitable causes.
The Trustees have pdld due regard tu guidance i55ued bythe Charity Commission in deciding whatactivitjes the
Foundarion should undertake.
1n.%etrIn￿ obiecttves and planning lor artivitlL'%, thL'Trii.stL'es havcgivon due con.sideratiTrn toReneral guidance
published by the Charlty Comml551on rL.lating to public benefit, Includillg the guid2nce'Public benefit,. running a
charlty IPB21'.
b. Achievements and performance
TheTruqree% pri)vidL'd puhlic beiiofit hy donatinga t()r41 af E4.962.63812024.. £2,154,700] tn J number of
tharllles as dL'tsilod in thi5 FQPDrt. Cumularive donattons by rhL' FDund3tion are in extts.8 ofE32m. Invesrment
perfuFm3nce durinx the year wa£ considered safistraitury 8ivon rnarkot caDditioiis.
c. Investmentpolley and perforn￿nce
The Foundatiun's investment policy E5 ro make long term investments Ina limited number ofsecuriiies from
around the world that are considered to provide reasonable long-term prospetts cotnpared to their marker
price.
The Trusrees have assessed the major risks to which the Foundation 1% exposed, and are satislied thatsystems
and processes al'e In placeto mltlgdte expu5ure kn such risk5.

IGY FouThdadon
Trustee$, Report (continutd)
For thtyear ended 31 March 2025
Flnancial review
a. GoiThg concern
Afrer makingappropriate enqulrles, rhe Trusrees have a reasonable expectation thatthe Foundation has
adequatl. TesLTrufLYS rts iontinue in operational existenco for thc lorL'StL'able fururt. Forthis reason. they continue
tv advpt rheKninK concoTn hasis in preparing thc financial sraremenis. Furtherdetails regarding theadoption of
thc coniern basis can be found in the aLcountlng pullcles.
b. Reservtrspollcy
The Foundation's pulicy on reservcs is ro hold unrostrictcd funds at a Icvcl cquivaltnt to a mlnlmum of 12-18
month's planned expendlturt. Thffis level ofreserves has been maintained throuBhouttheyear.
In add1ri0￿ rhe Trustees have chosen to hold si£nif2iant rpserves as If endowed fund% to invesr and prnvide lollg
teym lunding for the Foundation. until.4uch time as thesefunds are requlred for capiral-intenslve projects.
t. Flnanelal posltlon
Atycar cnd. The Fiiundation has rotal assets of £44.571,43712024.. £42,390,814], made up uf£40,614,158
12024.. £38,718,9761 Off￿Cd assct5 and £3,957,27912024.. £3,671.8381 ofcurrenr assers. Thi% is adequate to
cvver tutdl IlabllffitlL'S tsf £1,013.58012024.. E17.0001 a total net a&£er position nf£43,557,85712024..
E42,373,8141.
StruL*ure, governance.and rnanagen￿nt
Con$iitutlo
IGY Fi)undtttl(irt Is a reW%tered iharlty. ttumhc'r 1155g64,Jnd }% k Chdfitsbl¢' Inwrporatcd Or%an15ation
cvttstltuted by a con5tlturiun attd aitiLlvs uf a5socution adopted by the Foundation on 30 january 2014.
b. Trustees
The TrusiLes who strrved durlng the year and up tu the dateof signature ofthe accounts were:
N D Sleep. Chair
M M Byrne. Trustee
A R Montbyamery, Trustee
S C Sleep. Trustee
t. Method5 ofappointmenlor election ofTrus*es
ThL.Trustees may Jppoint any i)ersi)n ro be t)nL' ofthelr numbL*. Thc. Trustees roview the knowlodxe and
experience ot theTTusieeg and idenrity trainin8 needs un appointtncnt. Suitable trainingwill be provided if
roqulTed.
Disclosure of Information to auditor
Each ol'the persDns whoare Trustees ar the time when this Trustees, report approved ha5 confirmed that..
So far as that Trustee Is awarv, there nu relevant audlt Informatlon of whlch rhe Foundatlon's
auditvr is unawdre, and
That Trusree has taken all rhe sreps rhar ought to have been taken as 3 Trustee in order to be aware
of any relevant audit Infortnation and to establish that the Foundation's audltor Is aware ofthat
inforJ)ation.

IGY Foundation
TN$¢ee$' Reporr (continued)
For theyear ended 31 March 2025
The Trustees are Fespnnsihlo fi)rprLbP2rtn8thL.Trusrees' rew)rtand rhefinancial sraremenrs In accordanctwjth
appliiJble Idw and Unired Klngdom AccountlnR Standar(Lq Iunired Kingdom Generally Aicepted Accounrin
Praitlcel.
The Idw applicable to chariries in England & Walos Toquiros tho TrustLTrc% to preparc financial ststcmonts for eath
flnaniial yeJJ'which Kive a true and f.lir viow of thL' statL' ufaffalr5 vf thL' Fuun(lativn and Df it5 Inivmlng
rv5()urces and applicatinn re%nurce.%, including its incomo and oxpenditurc, lor that pcriod, in preparingthese
ftnanclal st2tements, theTrusrees are required ro..
select suirable accounting policies and th¢n apply thom consistcntly..
observe the meihods and principles ol-the Chariries SORP IFRS 1021.,
make judKTnent% 3nd accountinge4timates thatare rea5()nable and prudent.,
state wherher applicable UK Accoun[1n￿ Standards IFRS 1021 have been followed. subiectto any
tnaterial departtirL'S dlsi105cd and cxplained in thL' financial srattmL*rs',
prepare the financial stratemenrs on theRoingconcern basis unless Ir ts Inappropriate to presume
that thc Foundation will continue in busines5.
The TrLlStee5 are responsible forkeepinK adequateaccountin% records thai aresufficient to show and explain the
Foundaiion's wan.¥aaion.4and disclose wirh reasonable dccuracy at aiiyrime the linancial posltiun of rhe
Foundariun and enable them to ensure th3t thc linancial 5tatemonts comply with the Chai'ities Acr 2011. rhe
Charity IALLounts and Roportsl RoKLilations 2008 and the provisions ofthe Trust deed. Theyarealsts rcsponslble
for Sdfeguaixlin¥i rhe assets vfthe Foundation and henLe for takinE reasonable steps forthe preventlon and
deteerion of traud and other irreglllaritie4.
Approved hy order ttl.the metnbprs ufthe board ofTrustees Jnd slgDed <)n Its behAlfby'.
N D Sleep
Ichdir ()fTrusteesl
Date..
Jtsc,

IGY Foundation
IndependentAuditor's Report to the Members of IGY Foundation
For the ytarended 31 March 2025
Opinion
We have audited the financial sratements nf IGY Foundation for the yearended 31 March 2025 which comprise
rhesrdrement nf financial activities, rhc balanie sheer. and nore% to the linancial statementE, includipg SIgn￿rICant
?ccountinE pnlicics. The finaniial r?￿rrIn￿ frainework tbat has heon 3ppliod in thelr prLyaratlun Is dpplliable
law 3nd Urtited Klngdom Acc0unriii￿ Srandardq. inLILidinx Fin3ncial Ri'puriirthT Sidnddrd 102. the Financial
RL'purtlng Standard appl&cable in the UK diid Rgpublii vf Ireland Iujiited Kiiigdom Generally Accopted
Accvunting Pracricel.
In our opinion the financial ￿tatementS..
give a rrueand t3ir view nf the 4t3te ofthe Foundatlon's aftair% a% at 31 March 2025 3Dd of it
incoming re.4ource% and application of resources for rhe year then ended,.
have been prepared in accnrdance W￿th tho rcquiremL'nts ol'the Chariries Art 2011.. and
hdve been properly preijared in accurdance with United Kingdvm GL'lli'rally Accepted Accounring
PTactice.
Basls for opinion
We conducted our3udit in accordancc with InterRafiuttal Standard5 Jn Audiiing lu￿ (Isks IUKII applicahle
law. Our responsibilities ullderthotse standards are tiirther de%cribed in the Auditoi % re.qponsihilities lor the
audit ofthe ftnanciul %tatEtnont5 5CCtiun ofour FL'PVrt. We are IndL'PL'ndent ofthc Foundarion in accordance with
rhe erhical requirements that are Felevallt to our audit of the fin3ncial statotDeThts thL' UK inLlttdinx the FRC'S
Ethiial Standard. and we have fulfilled our orher ethical req1ioiisihil￿ttO% in acLordancL' Wlth thcse roquiretnents.
We bclleve that the audir evidence we have vbtdined is sulTicient and appropr￿le to provide a bas￿ tor our
opiniun.
Conclusions reladng to golng concern
In audiring the financial starcmenrs. we have l￿ncluded that thoTrustQC5' ofthc going c(>ncern basis of
accounting In the prepararion ofthe ftndncial stratements i4 appropriate.
Bdsed on the wurk we have perfurmed, we have not identified any materlal uncertdlnries relatlnK t() events or
condition£ thJt, IndividuallyorcollecrivL'ly, may tast signiticantdoubton the Foundation's abiliry to contlnueas
a %oing concern lura PL'riud ol'at leasttwelve months from whcn rht financial statonionts are authorised for
issue.
Our responsiblliries and the rcsponsibilities nfthe TJu%rees wirh respett tugultsgcunLern aredescribed in the
relevantsecbon5 of this Teport.
Other information
The orher informarion tompriscs thc inforinatinn included in rhe anniial report. uther than the fipanclal
stratement5 and our auditor's repoit thereon. The Trustees are rtsponslblo lorthe othor information. Our
opiniun on the financi31 statements does noi ioverthe uther Infor￿tiOn and, exceiit to the exrenr uthL'rwlse
explicitly stated in our report. we do not LXPTe55 any form of a4%urance ronclu%ion rhereon.
Our responsibility is to read rht other inforn)ation and, doingso. consiiler whether the othei. inforniation is
mateTi311y inconsistent with the financial staremtttts or our knowledge nbtsined In rhecourse of the audit or
otherwise appeirs ro be materlally tThisst3ted. 11 we identtfysuch material incortslstL'nile5 orapparent m3tei.ial
misstaremenrs. we are required to detei'mine whethei. rhi.£ gives ri%e ri) a material tlliSSt3tement in the financial
stdtemiints thetn5elves.11, b&4ed on the work we havt ptrt()rmcd, wo conclude thatthere is a marerial
mis%taremenr of th15 Other lJJforNtiun", weare required reportthar facL
We have nothlng to report In thLs reKard.

IGY Foundalion
IndtpendeniAudltor's Rtportto the Mtmbers of IGY Foundation (continued)
Fortheyear ended 31 March 2025
Matters on which we are required to report byexception
We have noihing ro reporr In respect ofthe lollowing matter£ in relatioii to which rhe Charities (Accounts and
Reports) Regulations 2008 requirc u5 to repnrttoyou it, in our opinion..
the information g)ven in the Ti'ustee4' Aniiual Reporti8 inconsistent in any material respecr with the
tinancial statL'ments', or
the Foundation has not kept suft'icicntaccounting recvrils,. or
rhe financial £tareinenr.4 are iior iii agreemeutwith the accnunt2ng records and returns,. or
we have not recoived all tho inlormatiDn and exp13nati()ns we requiTe for ouraudit.
Responslbllitles ofTrUS￿e5
As explainvd more fiilly in the Trustee5' Responsibilitie5 Statementset outon page 4, the Trustees are
re%pon4ible for the preparatioll af the financial ¥taternent% and tar heing.%atisfied thatthey give a rrue and fair
view, and forsuch ￿llteTnal control as the Tru4tee5 detorniino 15 necossary to enable the prepararion of financtal
staternent5 that are free fTOm njaterial misstatement, whether dueto fraud or error.
In preparing the fLnancial 5tstementS. the TTUStecs are responsible for assessing the Foundation's abllity to
continuE35 a going CDnLeTn, disc105in& as dpplicable, matter5 related to going concern and usinB the Kaing
oncern basis ol-accounting unless rheTrusrees eitherintend ro liquidate the Foundallon or to cease operattons,
or have llo Teallsticalternattve bur ro do so.
Auditor$' respon5ibillties lorthe audit of the financlal SEatemÈnt$
Wc havL' bccn Jppointod a.% auditors under rhe Charirie% Art 2011 and report in aCcord3ll￿ Wlth regulations
tnade under that Art.
Our objccttvcs are to obtain reasonabl¢ assu￿ncC about whcthcrthe litJanci41 %tatement5 asa wholcare freo
from material fflis5tatement,wherher due 10 frdud vr L'rrur, and to issuean audirors. report that inLludes our
oplnlvn. Rca50nable a.ssurance 1% a high level of assurance, but 1.5 D()td guaraiitve Ihdl dn dudit ii)nducted in
accordance with ISAS IUKI will always detect a material missiatemL'llt whon it exist.4. Mi%srarementS Ldn arise
froni fraud ()rerrur arc c(>nsidered maierlal11-. 1nd1v1d￿1lY ur in the ag%reRate. rhey could rea5ollably be
tperted to Inllucnce the economic decisions nfruser5 taken gn rhe basls uf thL'SL. financial srarements.
ITregulariries. lttcluditw fraud. are instrance5 uf non-compliancewlth laws and regulations. WedeSt￿ procodures
in line wlth our respoiisibilithe.s, ourlincd ahove, to detect Inaierldl mlsstatemi'nts. iii respect oflrrebyuldritle5,
IniludlnE fraud. The specific proLI'duro5 ti)rthis engagementand thc eKtenr to whiih these arecapable ol
detechng iriEgulariries, includiiig fraud aredL*allL'd below.
Idenrifying and 35sessiDR risks related tu Irregularitie5'.
We a55essed the susceptiblllty vf the Foundarion's ftnancldl 5taternLJnts to material misstdtorneDtand how fraud
might nrciir. Incluiling through di%cu%sions with the Ti'usteLJ5. discu.%sions wlthln uurdudit team plannln
meeDng. updaiiiibT uui record of ￿￿tl1.11￿1 l￿Atrol5 and ensiiring rhe%e ioiiiruls upe17ted as inreiided. We
evaluated pvssible Incentlves and upportunities foi. traudulent tnallipulatEon of the financlal 4tateinents. We
identified laws and regulations tharare ofsibynlllcthnce in the context nf the Fuunddtiun by discu£sions wirh
Trustees and updatlng our understanding ofthe sector in which rhe Foundation oper3tes.
IAWS regularions ot dirertsignificance in rhe contextol'the Foiindation include the Charities Act 2011, the
Chanttes (Accounts and Reportsl Regulatiorjs 2008 and guidance i.￿ued by rh¥ Charity Commisgioii for Englattd
and Wales.

IGY Foundation
IndependentAudÈtor'$ Reportto the Members tsfIGY Foundatlon (continued)
Forthe year ended 31 March 2025
Audir regpon%e to risks identifled..
We L(In5Idered rhe exteDt ot rotnpliattce with these law.s3nd r￿ulatiOn$d5 part ofour audit procedure5 OtL the
related financial statemenr irems Jncludin8 a rcvlLW vf financial statementdisclu5ures. We reviewed rhe
Foundation's record5 uf breache% of12ws and re8ulatiuns. minure% nf Ineetings and currespundencewirh
relev4nt3Uthoriti1s tu identlty porential tll3teridl missraremenig arisinE. Wo discussed the Foundarion's policies
and procedures for coMpl￿n£0 with laws and rtgulationswith mEmbLbrs of management responsible r()r
complianco.
During the planning meeting the audlt ream. the engagement partner drew attention to the key aroas whlch
might involvenon-cumpllance with laws and regulativtts ur fraud. We eDqu)red of man3gctncnt whether rhey
were aware of any instdnces ufnoii-complianre with laws 3Rd regulariiin5 ()r knnwledge ofany aC￿al, suspected
or alle¥ed traud. We addressed the rifk uf fraud throu%h management override uf controls by resringthe
apprupriatentss of IDurnal entrie% and identifyry'ng any slgnificani rransactions that WL'fL' Unusual or ourside rhe
normal course of business. We a55Csscd wheiherjudkTements made in makingdccuunfing e%timaie% gave Yise to a
possible indlc'dtion ofmanageinent bias. Atthe completi(In srage of rhe audit. rhe engagement partncrf5 review
included ensuring thattheteam had approached Iheir work with approprlate professlonal scepticism and rhus
the capatlty to Identtfy non-compliancewith13W5 and regulations and fraud.
There are inherent limitrafivns In rhe audit procedures dexrihed ahnve and the further retnoved non-compliance
wirh laws and regulations is fvotn the cvcnf5 and rransactions reflected in rhe financial srarements. the less likely
we would become aware oFit. Also, the risk ofnot dL'toLtingt a ￿terIAl mlsstdtL'mL'nt duL% ro fraud is hlgherthan
the riskof nutdctcctlng UnL' resultino Itum L'rrDr, A5 frdiid may Involve deliberate concealmenrby. for example,
forg¢ry or intentional mi5rcprcscnt3tions, or through collusion.
A further descriprion ofour respunsibilitlts Is dvailablL' on thc FlnanLial Reporting Council'swebsite at..
www.frc.org.uk/auLlitorsresponsibiliiies. This dehcrlptiun forms part uf uur dudltur's rL'pDrL
Use ofour report
Thi.% report t% made solely to the Foundation's Trustees, as a bndy, in accordance with Part 4 of rhe Charities
(Aicounrs and Repvrtsl Rcgulariuns 2008. Our audit Work has been underrakL'n su that we n]ight 5tato to the
TrLI.Stees those matters we are re4uirvd tu stdtL' tv thL'ni in an auditor's report and for no Jrher purpuSL'. Tu thÈ
tulle4t cxrenr permitted by law. we do not accopt nra%suine re%pi)n%ibiliry tv any()ne vther than the Fi)undarion
and the Trustees as a body, forouraudit work forthis rewrL tsr forthe opinions we have formed.
S• LLP
Saffery LLP
Midland House
2 Poole Road
Bournemtrurh
Starutury Auditors
BH2 5QY
Date-. 8 December 2025
Saffery Is eligibloto artas an auditor in terms ofsectton 1212 of the Companie5 Art 2006

IGY Foundadon
Balance Sheet
For theyearended 31 March 20Z5
2025
20Z4
Noie
Fixed assets
Invc5tmcnts
io
40,614,158
38,718,976
Currentassets
Progrdmme related investments
Debtor5
Cash3tbank and in hand
3,000.000
538
956,741
3.957.279
3,000,000
2.441
669.397
3.671,838
Ji
Creditors." 3EllouTrts falllngduewithin
one year
Net Cur￿￿ta$Sets
12
11.013.580)
117,0001
2,943.699
3.654,838
NetassÈts
43.557.857
42 373 814
Charity funds
Restricted funds
UnTEStrirted fund5
14
14
43,557￿57
42.373,814
Total funds
43.557.857
42.373.814
The finaniial statements were appruved and 3uthorlsed for Issue bytheTrustees and Signed on their behalf by..
N D Sleep
(Chair tsfYrustee51
Date:
tst4
The rtotcs on p3ges 10 to 17 forni part of these finattcial ststemen

IGY Foundation
Statemen¢of Financial Artivides
For the yearended 31 March 2025
Unrestricted
runds
2025
Total
tund5
Total
funds
2024
2025
P4ote
Income from..
Investment5
106,025
106,025
378.990
Total incothe
106.025
106,025
378.990
Expenditureon:
Charirable actsv￿t[eS
4,992.764
4,992.764
2,234,716
Total expendiiure
4.992,764
4,992.764
2,234,716
Net expendtture beforegalnson inveslments
Netgains un investm¢nL
14.886,7391
6,070,782
14086,7391
6.070.782
11.855.726)
12,209,826
Nei movement in funds
1,184,043
1,184.043
10,354,100
Re¢ot)ciliarlon of fund5'.
Tutal funds broughr forward
Ner movement in funds
42,373,814
1,184.043
42,373,814
1,184,043
32,019,714
10,354.100
Total funds orrled forward
43.557.857
43,557,857
4Z,373,814
Thestatement of financial acnviries includesall gains and losses recognised in the year.
The notes on page5 10 to 17 fom part of these financial statements.

IGY Foundation
Notes to tht Financial Ststements
For theyear ended 31 March 2025
General information
ThL' IGY Fuundarion is a Char￿table Incoryorated Organisatian and Tegi%tered in England and w31e5.lts
registered ￿ffi￿ and prlnilp21 placeof business 14 IA BurnEall Str￿et, knndon, SW3 3SR.
Thefinancial ststements are presented in Sterling (£1, which is the functional curwncy of rhe company.
Monetsry amounts in rhese financial statement5 aro rounded to rhe nearest pound.
Aceountlng policies
2.1 Basis of preparatlon offinancial slatements
ThL' financl21 staremenL4 have been prepJrL,d aLcurdanLe wirh rhe Chariii* SORP IFRS 1021
AL'counring4nd Rep()rting by ChdTltle5.' Sldtement of Recommended Prathce applicable to charities
pi'eparin8 their accoiinL% In accnrdgnce with thc Financial Ri'portlng srandard applicable in rhe UK and
Republic of Ireland IFRS 1021 leffective I lanuary 20191, the Flndnclal Reportlng Srandard applicable in
thc UKand Republic of Ireland IFRS 1021 and the Charitie5 Act 2011.
The sraremenrs have been prepared to Eive 3'true and fair, view and have departed from rhe
ChaTitie5 IAccount5 and Reportsl Regulations 2008 only ro thc extent requirod to provido a'tTUt ajjd frdlr,
vlew. This departure ha.% involvcd followiiig the Charitie5 SORP IFRS 1021 publlshLd In Ortober 2019
rathi'rthan thvALLounting Reporting by Chai'ities.. Staiemenr of Recommended Pracrice eftective
froin l April 2005 which ha5 Slllct. been withdrawn.
IGY Foiindatioii meets the definitjon ofa public benefir enriry under FRS 102. Assets and liabiliries are
Initially rccognlsed at historical c05t ur tran￿rt1Dll valuc unlcss otherwise stated in thc rolevant
accountinB policy.
2.2 GoinEconcern
After making enquiries. rhe TriisteL'S hcive a r¥d%tsnable expL'rtati(>n that tho Foundation has adequare
resources to conrinue in OPL'rdti(>nal oxistenco and meet its liabiliries as rhry fall due for tht f(JTe*eoable
hJtLIT¥, beinE a period nfat least 12 mvnrhs frum the ddte these linancial statements were approved.
Accordingly. they iijniinue to adopt the going concern basis in pieparingthe f&nattiidl statements.
Z.3 Fund accountlng
General funds are unrestrlcred fuxds which Trre available for use atthed￿crttIOTh of theTrus¢ees in
turthorance ol the ￿neral obiertives ofthe Fvundation and which have n(>r been deslgnated fur other
purpose5.
Investmenr It)come.g2ln5 losse5 are allocated 10 the appropriate fund.
2.4 Incorne
All income is recognised once the Foundation ha5 entitlement to the income. ir is probable that the income
will be reielveij anij rhe dmvunt of income receivable can be measured relldbly.
Investment inco]ne from rhe Foundatlon's lisred Inve.%tttiEntb 15 recugni5ed when it is earned.
io

EGY Foundation
Notes to the Financial Statements Iconlinued)
For the yearended 31 March ZOZS
2.5 Expenditure
Expi'ndiiiire is recognised once there Is a legal or con5tructivc vbligatEon to transfeT ecnnntnic bcncftt ro a
third party, ir Js probable that a tr3ll5fer of economic benefits will bc requlred in settlement and the
amount olthe obllgation ran be measured Teliably.
Expenditure rdlslng funds Incliides all cxpendi¢ure Incurrod by thc Foundation to ral%c funds for its
charftable purpn%es and Includes iosrs olall fuDdraising artivltffies events and non-charitdblL' tradlng.
All expenditure is inclusive of irrecDverableVAT.
2.6 Interest receivable
Inrerest on fund5 hvld on deposlt Is included when rocoivable the amount can be measured reliably by
the Foundation.. this 1£ noi'm311y upon notification ofrhe interest paid or p3yabltby the insritut20n wth
whom thefunds are deposited.
2.7 Foreign currencies
Monetary a%sets and liabilitie5 denominated In forelgn currencies are translated into sterling at rates or
exchange ruling attho reporting date.
TYan&ittions in foreign currencie% aretranslated into sterliTrgat the rato ruling on the date ofthe
transactioti.
Exchange gains and losses are retognised in tht srltement offinantial activities.
2.8 Investments
Fixed asset investments aFe a furm of finan¢i:Il instrumenr and are inirffially recokTntsL'd ar thL'ir tra￿￿ttl0
c()st and subsequenrly mea%iired ar fair Vdliie dt the bdlanLe sheet ddtc, unle55 the value Lanuot be
measured rtliably in which trase It Is moa5urcd at cost loss itnpainnent Investment gains and losses.
whether reallsed or unrL'allsLyI. are Lombinod and presented as'GainsllLossesl on Invesrment5' in tho
statement of financial acrivlties.
2.9 Qsh at bank and in hand
Cash at bank and in hand includes cashand short-rerm hlghly Ilquid investments with a shortmaNdty of
thrcc months or less from the date ofac4UlSltivn Dropcning ofthe deposit or %imil8raccouTrr.
2.10 Liabllltlesand provis10115
Llabilitie5 are recugniscd when rhei'e is an nhligarion ai thL' balanie shoL't as a re%ulr ora past evenr, It
is prohaNe rhat J transferof economltbencfit will bi. required 2n sotrlemenr. and rhe amount utthe
settlemettr can bt ￿tiMated reliably.
abilitiesare recognised at the amnunt thatthe FoundatioTr anticipates ir will pay to settle the debt or the
amount Ir has recelved as advanced payments for the goodsorservicts It must prov2de.
li

IGY FoundatboD
Notes io the Financial Statsments (continued)
For theyear ended 31 March 2025
2.11 Finanaal instruments
The FuunLlarion ha% eloctcd to applySection% 11 and 12 uf FRS 102 in re4pectoffinanclal SnstrunTrents.
Financial asset5 and financial liabilitie5 are reiognised when the Foundafion becomes party to the
Lolltractual provisions uf the InstrumenL
Financlal liabilities and eqiilty Instruments are classlfied accordin% tothe Substance ofthe cnntractual
ari'anRenient5 cntered inro. An equ2ty in5trumenr is any cantrart that evldences a residual intorest In rhe
assets of rhe Foundation after deducDng all of its Ilabjllties.
The Foundation's pulS¢les forits major da55e5 offinancial assets and financial liabilities areset out bolow.
Financial a55ets
Basic financial assets, iniluding rrade and Trrher dobtot5 and cash and bankbalance5 are Inltlally
Tocognised at transacrion prico, unless the arran%ement constitLltes a financlng rran£action, where the
transaction is measured at the present value af the future receipts discounted ata Jnarket rare ol interest
fora similar debt instnJmLnt. Financing rraJsactlUnS are those in which payment is deferred beyond
normal husiness terms oris financed at a rate ot inttrrt%t rhar is nota market rate.
Such assets are 5ubsequentlycarried ar amorti%ed costusing tho otlective interest method, less any
impairmenL
Financial liabklitie5
Basli finanildl Iiabllirie<. Includlng rrade and orhercrediror%. unle4£ the arranEemenr Consti￿re£ a
fin3ncing tran5artiun, whvrE the di'bt instl-lltnent 1% mL'asurvd dt the prL'5ent valuv ()f rhE future payments
discounted at3 illaTkot Tate of interost for a simildr dobr instrumont. Financinmi transactions are those in
whiih paytn¥nt 1% (IL.fer¥ed hey()nd ni)Tmal bu%ine45 tertn.T (>r 1% linancL.d ata rate ()f intere%t that is a
maFkct rdfe.
Debt Ill5trutnents are Subsequently carried at amortised cost. using the effecrive interesr rate method.
Impairmtaxi of financial a55ets
Financial assets InL3SUTcd ar Losrand amorttsed cost are absessed at rhe end ofedih reporting period lor
objcctive cvidoncc of impairmcnt. Ifnhiecrive ewdence of impairmenr is found, Impairrnentloss i
IEcognised in the income and expL4ndlture aiL()uiitS.
Fur findncial asset5 measured dtLusr less imi)airn)ent. Ihe impairment loss ts medsufL'd as thL' d￿ffL.T0llL
beNeen the asset's carrying amount and the best ￿tImate ofthe amount the Foundation would receive
ror rhe asset Irit wtrLi to bc 5uld 3t the roporting date.
12

IGY Foundatlon
Note5to the Financiaistaiements Icontinued)
Forthe year ended 31 March 202S
2.11 Finahdal instruments (tontinued)
F()r tinancial asSL'ts measured ataTnorh5ed cosL the impairment Ioss LS measured as the dlfference
betweon the asset's carryinE amounrand the present value olestimated c35h fluws disci)unted at the
asset's original effeLllve Interest rate. Il'the lirtancial as%et has a variable interest rate, tht dlscount rate
for measuringany impairment Inss is the currenr effecbve Intere￿ rate detertnined underrhe contrart
If there Is a decrwdse ID the itllpAirmenr104s arising from an eventnCCLJrring after the impalrmtnt was
rerognised, the impairment is revorscd. The reversal is such Ihat rhe current cairylng amounr does not
exceed what tho cdrrylng amount would have been had rhe iTnpairmettr not previou4ly been recognised.
The Impalrment reveT5al 15 recogni%ed in the statement of financial activitlts.
Dererognldon of flnancial a$5ets and flnancial liabilities
Flnancial assers arE dL'recvgnised when lal the ci)ntractual Tights to the cash flows fmm the asset expire
ur artr serrled. or Ihl sub5tanrially all rhe risks and ￿WardS ofrheowneTshlp ufthe asset are rrnnsferred
to another party or Icl dcsplte havin% rerained sume sibjnlficant risks and riwards ufvivner%hip, cantrol ol
the asset has boen transferred ro another party whfr has the praciical ability to unIlate￿IlY the asset to
3n unrelated rhird paTty wirhour imposingadditional restrictions.
Flnancial liabilitie5 are dereiowiised when the liablllty Is exringuished, that is when rhe contrartual
obli8atlDn is discharged, cancellcd or cxpjres.
Offsettingo(ftttaThclal assets and financial liabilities
Financial assets ancl liabiliries areoffset aiid the net amount reported in the balance Sheet when there is
an enlorceable right to set off thL' ￿tOgniSed amounts and there i4 an Intentiot) to settle on a net basis or
to rcali5e theasset and settlethe liability simultatkcously.
2.12 Taxation
Th¥ irreivverable raxation withheld at source repTe5ents the Sum Df irTecoverable wlthhDldin8 tax
doduLtI'd at 5uurct on Invesrment Income receivable from the Foundation's listed invostments.
Z.13 Programme related investments
Priigi'amiiie I'cldted investlllLllt% arL' measui'ed at cost and assessed for indications ol'impairment at the
end olwach reportingpertod.
Investment income
UnrestrÉcted
funds
2025
Total Unrestricted
funds
funds
2024
Total
funds
2024
2025
Income fv)m listed iThve5tsnents
ntL'rest recdvable
78,377
27.648
106,025
78,377
27.648
106,025
367,223
11.767
378,990
367,223
11,767
378,990
13

IGY Foundalion
14otes to the Financial statements {continued)
For the yearended 31 March 2025
Analysis 0fexpend1￿re on charfuble activities
Vnrestrlcted
funds
202S
Total Unrestricted
funds
funds
2024
Total
fuThd$
2024
2025
Governance c05tS
Grants and donarioiis made
30.126
4,962,638
4,992,764
30,126
4,962.639
4.992.764
80.016
2,154.700
2,234.716
80.016
2.154,700
2,234,716
Analy¥i50f Governance costs
2025
2024
Audit and accountancy fees
Baiik charges
nvestmenr management fees
Irreuoverahletaxation withheld ar sour
Other fees
9,390
617
8,361
11,758
17,560
496
6,671
55,089
200
30,126
80.016
14

IGY Foundadon
Noies to the Financial Staiements (continued)
For theyear Ènded 31 March 2025
Anatysisof expendithre on charitable artlvltles
2025
2024
ArThe BUE (No. 11812941
Carli51e Yourh Zome INO. Il349741
Carney'% Comrnunity (No. 11506501
City HarvL'St (No. 11630551
Cllmblng Our (No. 11450231
Cutnbrla Famlly Suppurt Ltd INV. 1085861)
Cure EB (Nu. 11586721
Ebony Hur5e Club INO. 1116027}
Envision (Nu. 10953281
Free to be Kjds (No. 11656781
Glass Duor Homeles% Charity (Nu. 10832031
Go Beyond INO, 10S09531
Goodwood ArtFoundation CIC INO. 142110371
Harris Feder4rion INO. 062285871
Inro Uni (No. 11185251
tastening Place (No. 11647391
MyntubularTrust (No. 11371771
Onwards & Upwards (No. 11944571
PYCP (No. SC0033531
SHiFf (No. 11911251
Snow-camp (No. 11010301
srtsp.Brearhe.Thlnk (No. 12060681
Swit¢hl80 INO. 11010301
The Reach Foundation (No. 11296831
RedLh Schuuls (No. 076341061
TheTYu£sell Trust (No. 11105221
30,000
35,000
50,000
460,138
50.000
50.000
1,000,000
50,000
loo,000
50.000
150,000
50.000
300.000
240,000
150,000
Iso.000
25,000
322.500
25,000
50,000
200,000
so,000
50,000
99.700
50,000
loo.000
50,000
205.000
loo.000
loo,000
25.000
150,000
50,000
250,000
250.000
200,000
loo.000
200,000
300,000
600,OOQ
300,000
250.000
4.902.638
250,000
2.304.700
Grants and donations have bcen made to thc above InsriNtions and indI￿dual5 In line with rhe
FuuRdatiun's prlniipal ubji'itlves tu furthcr thL'srwurkbcnL'fittlng children, young pcuplc, those with
di&ibilities and nther ch3ritsble causes.
All the charities are based and registered in England and W31os exceptone, which 15 based and reEisteTed
in Scotland.
Trus¢¢es' remun¢ratioDand expenses
Durlngthe year ended 31 March 2025, no Trusrees receSved any Temuneration orotherbenefits12024-
DuTingtheyeaT ended 31 March 2025, no Trusteeexpenses have been incurred12024- £Nill.
Employees
Therewere no employees during the current or prioryear.
15

IGY Foundation
Notesto the Finats¢lal Staiements Icontinutd)
Fortheyear ended 31 M3rch 2025
P4et8ains on investiiiÈiits
Z025
2024
Revaluation of inve5tmo#ts
Profit/llossl ott disposal of investments
Profit/llo4sl op currcncy revaluations
5.770,354
298,963
1.465
6 070.782
11.862.267
348,139
15801
12,209,826
io.
Fixèd assÈi Inve$tments
Listed
investments
Cost otvaluarlon
At l April 2024
Additions
Dispo5a15
Revaluatiuns
At 31 March 2025
38,718,976
13,875,172)
5.770,354
40.614,158
book valu¢
At 31 Mdrch 2025
Af 31 March 2024
40,614,158
38,718,976
The cost of rhe listed investments onacqu￿ltlon was £6369,35012024.. £7,702,005).
Debtors
2025
2024
Due within ontyeat
Progr3mme relatod investznent
Other debtors
3,000,000
538
3.000.538
3,000,000
2.441
3.002.441
Thcothor dobrors ba13Trce consists oflnterost ¥ec¢ivable.
Prugramine relared investments conslst of d repayable ri) Mental Health lttnov3tions which 14 non-
inrerest bearing. IN(>. 11756701.
12. Creditor&' Arnounts fallingdue within oneyear
2025
2024
Accruals deferred Incume
AL'crued grants payable
13.580
1,000.000
1,013,580
17.000
17,000
16

IGY Foundation
Notes lo the Financial Statements (contlnued}
For theyear endd 31 Marrh 202S
13. StsteEnent olfuDd5
Current year
Balance at
l Aprtl
2024
Balance at
31 March
2025
Gains
(losses)
Income
Expenditure
Unresirirted funds
Genvral Funds - all fijnds
42,373,814
106.025
14,992.7641
6,070,782
43.557,857
Prioryear
Balance al
l April
2023
Balaxcoat
31 March
2024
Gainsl
(losses]
Incorne
Expenditure
UnresErlrted funds
General Funds- all ￿Thd5
32,019,714
378,990
12,234,7l61
12,209,826
42.373.814
14. ADaly3is of ntt assets between fiEnds
Unrestricted
funds
2025
Total Unrestricted
futtds
fund$
2025
2024
Totsl
fund5
2024
Flxed assers investments.
Current assets
Credltors due wlthln one yeaT
40,614,158
40.614,158
3.957,279
3,957,279
11,013,580) 11.013,5801
43.557.857
43,557,857
38.718,976
3.671,838
117.0001
42,373.814
38.718,976
3,671.838
117.0001
42,373,814
15.
Financial commltmeThts, guarantees and rontingeTht liabilltles
The Foundarinn ha% agrood tsi provide funding of £6.992.500 in aggregate ono ycarfrom the balance sheet
dare tDchar1t￿￿s whkih identitie5 as 5uiiable %raiitees.Of this am(>unt, £1,000,000 has been Lximmitted
and rhere isJn enlorLeablE ubligdtiun in plaie.The remaining balantr repTe8l￿ts intcndcd future supporr.
forwhjch there are no binding agreornonts in place.
16.
Related party transartions
Durlngthe year. the Foundarion madc donatsons totalling £240,00012024.. £205,000) to the Harris
Federdtlun uf Svurh London Schools. One of the Foundation Trustees was alsu dTrustCL' ul'three Harri5
Federation A￿deMIeS until thoiT ro5ignation in Ortober 2023.
Where a potential conftict is perceived to exist, connictod Trusrees tXCUSL% themselves from voong.
17