ASPYRE AFRICA Aspyre Africa Annual Report and Financial Statements Year ended 30 September 2025 Charity reglstered in England & Wales no. 1167106 Company limited by guarantee registered in England & Wales no. 9198014
Aspyre Africa Annual Report and Financial Statements forthe year ended 30 September 2025 Trustees, Report The Trustees, who are also dirertors forthe purposes of company law, present their report and the financial statements for the year ended 30 September 2025, which are also prepared to meet the requirements for a Directors Report as required by company law. Objectives and activities Objects The Charity's objects are the prevention or relief of poverty or financial hardship of young people aged 15 to 25 in Senegal in particular but not exclusively in such ways as the trustees think fit including by providing or a551Sting in the provision of education, training and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient. Mission and Objectives The Charity's mission is to provide vulnerable young people in Senegal with access to quality vocational trainin& market-driven employment and entrepreneurship opportunities by developing 3 5U5tainable model of services and bringing about systemic change. The Charity's objectives are-. To undertake grassroots level 'pilot" projects.. o To test innovative measures which address the issues preventing vulnerable young people from accessing quality vocational training and decent work o To gather lessons leamed in different contexts and sectors, with different target groups and different vocational training centres To refine Aspyre Africa's draft Model of Service5 and recommendations based on lessons learned through pilot projects and research To contribute to Systemic change and sustainable solutions to provide equal access to quality vocational training and decent work for vulnerable young people Public benefit The Trustees confirm that they have taken due account of the guid2nce contained in the Charity Commission's guidance on public benefit when reviewing the Charlty's aims and objectives and in planning future activities. The Charity meets the public benefrt requirement through its work in Senegal. We undertake grassroots projects in Dakar and Saint-Louis identifying vulnerable young people, including those OEJt of school, Koranic pupils, and those facing economic and social barriers, and enrolling them into quality, market-driven vocational training. We provide them with individual support before, during and after their training so that they can Secure sustainable livelihoods. This support ranges from paying transport fees to the training, having one-to- one se55ions, carrying out family visits to ensure family support. to securing internship5 or providing basic toolkits with equipment. Page 2 of 18
Aspyre Africa Annual Report and Financial Statements forthe year ended 30 September 2025 The Charity is strengthening its approach to gender inclusion and is committed to achieving at least 50% female participation in future programmes. Review of activities Introduction For many of the young people Aspyre Africa works with in Seneg31. completing vocational training is only the beginning of a much more uncertain journey. The transition from training to 5UStainable work is often fragile, shaped by limited opportunities, financial constraint5. and family pressures. The year ending 30 September 2025 marked a period of consolidation and important strategic progress for Aspyre Africa, as the organisation focused on strengthening the support provided at this critical stage. Building on previous programme delivery in Dakar and Saint-Loui5, the Charity deepened its follow-up work, strengthened partnerships with public institutions, and began structuring its approach to better support young people into Sustainable livelihoods. A significant milestone was the formalisation of a three-year partnership agreement with the Ministry of Vocational Training, through the Direction Genérale de la Formation Professionnelle IDGFPTI. This marks an important step towards embedding Aspyre Africa's work within public systems and increasing its potential for long-term impact. We are also particularly grateful to Islamic Relief Nederland for thelr generous support, which ha5 enabled the delivery of our 2025 programme in Dakar. This support has made it possible not only to provide access to training, employment and self-employment opportunities for vulnerable young people, but also to strengthen follow-up support and contribute to the mapping and improvement of existing services. Testing solutions through pilot projects During the year. Aspyre Africa continued to implement pilot activities in Dakar and Saint- Louis, focusing on prartical ways to support vulnerable young people into employment and income-generating activities. In Dakar, the Charity provided structured follow-up support to 56 young people who had completed vocational training the previous year at the Lycee Seydina Limamou Laye ILSLLI in Guédiawaye. The training had been delivered in collaboration with the 3FPT, with beneficiaries identified through the Centre de Sauvegarde de Pikine/Guédiawaye. The focus of the year was to support these young people as theytransitioned into the next phase of their journeys. Each participant received individualised support, including in-depth assessments, tailored action plans, and, where possible, family engagement. This allowed the organisation to better understand the constraints faced by each young person and to respond with appropriate pathways-whether through employment, further trainin& Internships or self-employment. Page 3 of 18
Aspyre Africa Annual Report and Financial Statements for the year ended 30 September 2025 Support was practical and targeted: helping young people develop Cvs, identify opportunities, access internships, and, where relevant, receive toolkits to begin incom generating activities. This work reinforced a key learning: vocational training alone is not sufficient without sustained, personalised follow-up. In Saint-Louis, Aspyre Africa continued to support graduates in solar ener8y and car echanics as they progressed through internships with local employers. Regular engagement with both trainees and supervisors ensured that progress was monitored and that challenges could be addressed. Over time, some participants began moving towards independent attivities. SUPPOrted by access to professional equipment and continued guidance. Field visits undertaken during the year enabled close monitoring of these activities, dirett engagernent with beneficiaries and employers, and strengthened relationships with local partners. Building a model of services Alongside programme delivery, the Charity began to consolidate learning from its pilot work to inform the development of a more structured model of services. A key focus wa5 the Strengthening of support mechanism5 Wlthin the Lycee Seydina Limamou Laye. This included improving access to employment opportunities through employer mapping and exploring the development of "training enterprises" within the centre to provide a more supportive environment for young people who requlre additional practical experience. Work also began to identify students currently enrolled in training but at risk of dropping out, with the aim of integrating earlier support into the system. At the same time, the organisation continued to build a clearer understanding of employment pathways, including through the development of a database of internship and job opportunities. This work represents an important step towards defining a model that combines trainin follow-up, and employment support in a structured and replicable way. Strengthening and scaling through partnerships The year also saw important progress in strengthening partnerships and contributing to systems-level change. The formalisation of the partnership with the Ministry of Vocational Training, through the DGFPT, provides a framework for deeper collaboration and alignment with national priorities. This builds on ongoing co112boration with the 3FPT and strengthens Aspyre Africa's position within the vocational training ecosystem. At the local level, partnerships with the Lycée Seydina Limamou Laye and the Centre de Sauvegarde de Pikine/Guédiawaye contlnued to play a central role in identifying and supporting vulnerable young people. Page 4 of 18
Aspyre Africa Annual Report and Financial statements for the year ended 30 September 2025 In parallel, Aspyre Africa initiated work to better understand the broader ecosystem of services available to young people. This included developing and testing tools to map services and stakeholders, and launching initial service mapping work in Guédiawaye and Saint-Louis. This work aims to identify gaps, improve coordination, and inform both programme design and longer-term systems strengthening. Learning and adaptation The year reinforced several important lessons. Sustained follow-up after training remains critical to achieving meaningful outcomes. Family context plays a significant role in shaping young people's trajectories, and must be taken into account. Individualised support pathways are more effective than 5tandardised approaches, particularly for the most vulnerable. Finally, strong partnerships and realistic timeline5 are essential when working within complex institutional environments. These insights are now informing both programme delivery and the development of Aspyre Africa's model. Challenges and Risks Aspyre Africa faced 3 number of challen£es during the year, including delays linked to funding timeline5 and external factors, limited in-country coordination capacity, and dministrative constraints within partner institutions. The complexity of beneficiaries, situations also required significant flexibllity and adaptation. These challenges were addressed through close engagement with partners, adaptation of timelines, and continued hands-on monitoring. Future plans In the coming year, Aspyre Africa will continue to deliver and strengthen its programrnes in Saint-Louis and the Dakar area with the support of Islamic Relief Nederland supporting vulnerable young people into vocational trainin& internships and sustainable livelihoods. We will place particular emphasis on strengthening follow-up support to ensure that training leads to meaningful employment or self-employment outcome5, while maintaining a focus on reaching those most at risk, including through a continued commitment to gender balance. Alongside programme delivery, Aspyre Africa will continue to refine its model of services, drawing on learning from ongoing activities and from baseline surveys mapping existing provision. This will support enhanced collaboration with public institutions, including vocational training centres and government services, with the aim of improving coordination and contributing to more effective and inclusive systems. The Charity will also prioritise strengthening its organisational capacity to support delivery and future growth. This includes improving programme coordination across locations, developing more consistent monitoring and reporting systems, and strengthening fundraising and partnership development. These steps are intended to ensure that the Page 5 of 18
Aspyre Africa Annual Report and Financial Statements for the year ended 30 September 2025 Charity is well positioned to sustain its activities, build on current partnerships, and secure funding for future work. Legal and administrative detsils Registered Office 31 Purserfs Cross Road London SW6 4QY Board of Trustees Veronique Cowan Savina Geerinckx Katia Hountondji Michael Mattingly (resigned 7th February 20261 Marie-Laure Prevost Saliou Seck Structure, governance and management Aspyre Africa was registered in England and Wales as a company limited by guarantee 191980141 on I September 2014 and as a charity11167106} on 16 May 2016. It is governed by it5 Memorandum and Article5 of Association dated 6 August 2014 as amended by special resolution 6 April 2016. The Charity is governed by a Board of Trustees who are also directors for the purposes of company law. Details of the trustees who served duringthe period are given above. New candidates are considered by the existing trustees according to how their skills and experience match identified needs. The Board of Trustees met four times during the year. The Charity's work is managed on a day-to-day basis by Savina Geerinckx, one of the Founder5. This includes responsibility for programme oversight, partnerships. fundraising and organisational development. Programme delivery is implemented by a dedicated team based in Senegal, who are responsible for the coordination and delivery of activities in Saint-Louis and the Dakar area. The Founder undertakes regular field visits to support programme monitoring, strengthen partnerships and ensure alignment between strategic priorities and operational delivery. The Charity recognises the importance of maintaining clear governance and management structures and is continuing to strengthen its systems and processes to support its development as it grows. Page 6 of 18
pyre Africa Annual Report and Financial Statements for the year ended 30 September 2025 Financial review Overview The Charitls total income during the period was £53,60712023-24: £11,113) against a total expenditure of £39,28112023-24: £19,258), giving an operating surplus for the period of £14.32612023-24= £8,145 deficit). The Charity secured funding to 5UPPOrt programme delivery during the year, including funding from Islamic Relief Nederland for follow-up work in Dakar. Additional funding was raised through crowdfunding initiatives. Expenditure focused on programme delivery and beneficiary sUPPOrt, including internships, transport. toolkits, and staffing. Reserves The reserve policy states that unrestricted reserves should be maintained at a level equivalent to at least six months, otherwise unfunded expenditure. Unrestricted reserves at the end of the financial year remain above that level because there is very little unfunded expenditure. Restricted reserves are funds held for specific projects and will usually be spent within a year of their receipt. Total reserves of £35,19412024.' £20,798) are carried forward to the next financial year, of which unrestricted reserves are £9,376 {2024: £19,184) and restricted reserves are £25,818 12024: £1,614). Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity 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. Statement of Trustees, responsibilities in relation to the financial statements The Trustees Iwho are also the directors of the charitable company for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) I'FRS 102,1. Company law requires the Trustees to prepare financial statements for each financial year. Under cornpany law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and Page 7 of 18
Aspyre Africa Annual Report and Financial Statements for the year ended 30 September 2025 expenditure, for that period. In preparing these financial statement5, the Trustees are required to- select suitable accounting policies and then apply them consistently. observe the methods and principles of the Charities SORP FRS 102; make judgements and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explalned in the financial statements; prepare the financial statements on the going concern basis unless it is inapproprlate to presume that the charitable company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufFicient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statement5 comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In preparing this report, the Trustees have taken advantage of the small companies, exemption5 provided by section 415A of the Companies Act 2006. Approved by the Board of Trustees on 16 June 2026 and signed on its behalf by: Savina Geerinckx Page 8 of 18
Aspyre Africa Annual Report and Financial Statements for the year ended 30 September 2025 Independent examinerfs report to the trustees I report to the Trustees on my examination of the financial statements of pYre Africa (the Charity) for the year ended 30 September 2025, which are set out on pages 10 to 18. Responsibilities and basis of independent examiner's report As the Trustee5 of the Charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's financial statements carried out under section 145 of the Charities Act 2011 Ithe 2Qll Act). In carrying out my examination I have followed all the applicable Direction5 given by the Charity Commission under sertion 145{5llbl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respert of the Charity a5 required by section 386 of the 2006 Act: or 2. the financial statements do not accord with those records; or 3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not 3 matter considered as part of an independent examination- or 4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. kji David Howard Chartered Accountants I Park Road Hampton Wick Kingston Upon Thame5 KTI 4AS Dated: 16 June 2026 Page 9 of 18
Aspyre Africa Annual Report and Financial Statements for the year ended 30 September 2025 Statement of Financial Atttvities for the year ended 30 September 2025 (including an Income & Expenditure account) Total Total Unrestrirted Restricted funds funds funds 2025 funds 2024 Note Income from: Donations Grants received Event5 & merchandise Interest received Other income Total income 6,497 6,497 38,352 173 9,744 1,045 55 38,352 173 527 527 269 8,058 46,410 8,058 53,607 7,197 11,113 Resourtes expended: Fundraising Charitable attivities Governance Total expenditure 799 799 998 12,398 3,068 16,265 22,266 750 34,664 3.818 39,281 17,391 869 23,016 19,258 Net income/lexpenditure} Exchange gains/llossesl Net movement in fund5 19,068) 17401 23,394 810 14,326 70 {8,1451 14741 19,8081 24,204 14,396 (8,6191 Total funds brought forward Total funds carried forward li 19,184 1,614 20,798 29,417 li 9,376 25.818 35.194 20,798 The Statement of Financial Artivities include5 all gains and10sses recognised in the year. All income and expenditure derive from continuing activities. Page 10 of 18
Aspyre Africa Annual Report and Financial Statements for the year ended 30 September 2025 Balance Sheet as at 30 September 2025 Total funds Total funds Note 2025 2024 Current assets Debtors Cash at bank and in hand 1,235 35,609 36,844 11,6501 35,194 522 21,580 22,102 11,3041 20,798 Creditors- Amounts falling due in one year Total net assets io Charity funds.. Unrestricted funds Restricted funds Total funds 9,376 25,818 35,194 19,184 1,614 20,798 li For the financial year ended 30 September 2025, the Charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The Members have not required the Charity to obtain an audit of its accounts for the year in question in accordance with section 476. The Trustees acknowledge thelr responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies, regirne and in accordance with FRS102 SORP. Approved by the Board of Trustees on 16 June 2026 and signed on its behalf by- Savina Geeri Page 11 of 18
Aspyre Africa Annual Report and Financial Statements for the year ended 30 September 2025 Notes to the accounts l. Accounting polScies 1.1 Basis of preparation of the financial statements The Charity is a charitable company limited by guarantee registered in England & Wales. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 I'charities 50RP FRS 102.1, The Financial Reporting Standard applicable in the UK and Republic of Ireland I'FRS 102,1 and the Companies Act 2006 and Charities Att 2011. The financial statements have been prepared on a going concern basis as the charit¢s expected income and expenditure forecast for the next year show that the charity should be able to meet its liabilities as they fall due. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The Trustee5 do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. 1.2 Fund Accounting General funds are unrestricted funds which are Zvailable for use at the discretion of the Trustees in furtherance of the general objettives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or raised by the Charity for particular purposes. Transfers between funds are made when agreed with the donor of the funds. The cost of raising and managing such funds 15 charged against the specific fund when permitted by the donorfs restrictions. The aim and use of each restricted fund are set out in the notes to the financial statements. 1.3 Income All income is recognised once the Charity has entitlement to the income, any performance conditions attached to the income have been met, it is probable that the income will be received and the amount of income receivable can be measured reliably. Revenue grants are recognised on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Page 12 of 18
Aspyre Africa Annual Report and Financial Statements for the year ended 30 September 2025 Balance Sheet. Where income 15 received in advance of entitlement of receipt, its recognition is deferred and included in creditors a5 deferred income. Where entitlement occurs before income is received, the income is accrued. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity, this is normally upon notification of the interest paid or payable by the bank. 1.4 Expenditure Expenditure is recognised on an accruals basis at the point when a leg21 or constructive obligation arise5, It is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure on charitable activities is incurred on dirertly undertaking the activities which further the Charity's objectives, as well as any a550ciated support costs. 1.5 Taxation The Charity is exempt from Corporation Tax as all of its income is charitable and is applied for charitable purposes. The Charity is not registered for VAT and cannot therefore recover VAT on cost5 incurred. Expenditure is therefore shown gross of any relevant VAT in these financial statements. 1.6 Foreign currency Transactions in CFA in Senegal are converted at the rate achieved on transfers of funds from the UK based bank accounts and balances held in CFA at the year-end are translated using the rate achieved on the last transfer in the year. Transartions in Euros are converted at the daily rate provided by XE.com and balances held in Euros at the year-end are converted at the rate of exchange prevailing at the balance sheet date. Exchange rate differences are taken into account in arriving at the net movement in funds for the year. 1.7 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.8 Cash at bank and in hand Cash at bank and in hand includes cash and short-term liquid investments with a maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 13 of 18
Aspyre Africa Annual Report and Financial Statements for the year ended 30 September 2025 1.9 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit.will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it ha5 received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. 2. Detailed comparatives for the statement of financial activities Total funds 2024 Unrestricted funds Restricted funds Note Income from: Donations Grants received Merchandise Interest received Total income 9.744 9,744 1,045 55 1,045 55 269 269 10,068 1,045 11,113 Resources expended: Fundraising Charitable activities Governance 998 998 3,516 869 13,875 17,391 869 Total èxpenditure 5,383 13,875 19,258 Net income/{expenditure) Exchange gainslllossesl Net movement in funds 4,685 14741 4,211 112,830) 18,1451 14741 (8,6191 112,830} Total funds brought forward Total funds carried forward 14,973 19,184 14,444 1,614 29,417 20,798 Page 14 of 18
Aspyre Africa Annual Report and Financial Statements forthe year ended 30 September 2025 3. Fundraising expenditure Fundraising expenditure comprises online giving fees, website costs and fundraising consultant support. 4. Expenditure on charitable activities Unrestritted funds Restricted funds Total funds Current year Project staff (note 121 Transport & Comms Support to beneficiarie5 Workshops Baseline & impact surveys Other project costs Project implementation and M&E Vi5t5 UK programmes consultancy Bank charges Total expenditure on charitable activities 6,356 487 6,280 2,635 3,057 4,759 734 12,636 3,122 5,823 4,759 734 2,766 592 417 1,009 3,49Z 2,800 289 2,047 1,445 2,800 139 150 12,398 22,266 34,664 Unrestricted funds Restricted Total funds Prior year funds Project staff (note 121 Transport & ComTns Support to beneficiaries Other project costs Project implementation and M&E visits Bank charges Total expenditure on charitable artivities 10,411 1,922 1,002 303 10,411 1,922 1,002 303 3,516 3,516 237 237 3,516 13,875 17,391 Page 15 of 18
Aspyre Africa Annual Report and Financial Statements for the year ended 30 September 2025 5. Governance Unrestricted funds Restricted fund5 Total funds Current year Accountancy Independent examination Legal fees Other governance costs Total governance costs 1,756 750 2,506 842 401 69 401 69 3,068 750 3,818 Unrestrirted funds Restritted Total fund5 Prior year funds Independent examination Other governance costs Total governance costs 800 800 69 69 869 869 Governance costs include fees paid to the Charity'5 Independent Examiner for the independent examination of these financial statements12024-25: £850; 2023-24- £8001. No other fees were paid to them. 6. Trustee remuneration & related party transactions No remuneration was paid to Trustees in either year for their work in that role. One trustee received £4,352 for travel & subsistence expenses and project expenses incurred when making management and monitoring visits to the projects in Senegal12023-24.' £3,516). A consultancy agreement was entered into with one trustee in accordance with the Charitvs governing document to provide 24 days consultancy to manage the project in Dakar overthe period May 2025 to March 2026. The trustee received £2,800 for those services in the period12023-24: £nill. The arrangement was approved by the Board of Trustees, with the relevant trustee not participating in the decision-making process, and is considered to be on an arm's length basis. There were no other transactions in either year with Trustees or other related parties that require disclosure. A total of £23412023-24'. £4361 was donated by Trustees and their close families. Page 16 of 18
Aspyre Africa Annual Report and Financial Statements for the year ended 30 September 2025 7. Debtors 2025 Z024 Prepayments and accrued income 1,235 1,235 522 522 8. Cash at bank and in hand 2025 2024 Short term deposits Cash at bank 7,136 28,473 35,609 14,197 7,383 21,580 9. Creditors: amounts falling due within one year 2025 2024 Accruals 1.650 1.650 1,304 1,304 10. Analysis of net assets Unrestrirted Restricted funds funds Total funds Current year Current assets Current liabilities 10,226 18501 9,376 26,618 18001 25.818 36,844 {1,650) 35,194 Unrestrirted Restricted funds funds Total funds Prior year Current assets Current liabilities 20,488 11,3041 19,184 1,614 22,102 11,304 20,798 1,614 Page 17 of 18
Aspyre Africa Annual Report and Financial Statements for the year ended 30 September 2025 11. Analysis of net movement in funds Funds at 01/10/2024 Funds at Expenditure 3010912025 Income Restrictedfund5.' Dakar project Global Giving projert Saint Louis Vocational training baseline survey 38,352 121,8401 15691 690 16,512 569 8,058 8,748 1,045 1,614 19,184 20,798 14871 122,2061 117,0051 (39,2111 558 25,818 9,376 35,194 46,410 7,197 53,607 Unrestricted funds Total funds Funds at 0111012023 Funds at Expenditure 30/09/2024 Prior year Incorne Restrirtedfunds.. Global Giving project Vocational training baseline survey 14,444 (13,8751 569 1,045 1,045 10,068 11,113 1,045 1,614 19,184 20,798 14,444 14,973 29,417 113,8751 15,8571 119,7321 Unrestricted funds Total funds Purp05es of restricted funds: Restrirted funds: Dakar project Global Giving project Saint Louis Funds given for work in Dakar Funds given via Global Giving for work in Senegal Funds received to help support Saint Louis based beneficiaries in establishing their trade or first employment Funds given to undertake a baseline survey in Saint-Louis, Senegal Vocational training baseline survey 12. Staff costs No staff were employed in the UK in either period. Project staff in the UK and Senegal are engaged on a consultancy basis under short-term contratts. Page 18 of 18