``` REGISTERED COMPANY NUMBER: 10277233 (England and Wales) REGISTERED CHARITY NUMBER: 1171779 ``` ## **`REPORT OF THE TRUSTEES AND`** ``` UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 ``` ## **`FOR`** ## **`INSPIRING GIRLS INTERNATIONAL LIMITED`** ``` Duncan Chartered Accountants 5 Cherrytree Union Road Sheffield South Yorkshire S11 9EF ``` ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ``` CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 ``` |||**`Page`**|| |---|---|---|---| |**`Report of the Trustees`**|`1`|`to`|`5`| |**`Independent Examiner's Report`**|`6`|`to`|`7`| |**`Statement of Financial Activities`**||`8`|| |**`Statement of Financial Position`**|`9`|`to`|`10`| |**`Notes to the Financial Statements`**|`11`|`to`|`17`| |**`Detailed Statement of Financial Activities`**|`18`|`to`|`19`| ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021 ``` ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their reportwiththefinancialstatementsofthecharityfortheyearended31July2021.Thetrusteeshave adopted theprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicable to charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` InspiringGirlsInternationalLimitedwasconceivedtoadvanceforthepublicbenefittheeducationofyoung girls aroundtheworldwiththegoalofraisingtheiraspirationsandencouragingthemtoaimhigh.The campaign aimstopromote,sustainandincreaseindividualandcollectiveknowledgeofyounggirls(aged10-15 years) throughlocalandinternationalcampaignswhichaimatconnectinggirlswithfemalerolemodelsand exposing girls to a variety of jobs, roles and options in life. ``` ``` Thecampaignalsoaimstodevelopawarenessandunderstandingofyounggirlsabouttheiracademic and individualcapabilitiesthroughdeliveringeducationaltalksatschools,face-to-facediscussionsand other educationalevents.Inordertoextendthereachofthecampaignasfaraspossible,InspiringGirlsaims to provideandpromotethefreeexchangeoftechnologyandknow-howbydevelopingadigitallibraryand software applicationsavailabletogirlsaroundtheworld,including,inparticular,girlsinareasorcountrieswith limited access to female role models. ``` ``` Page 1 ``` ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021 ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Significant activities`** ``` Ineachcountryinourglobalnetwork,wesetupInspiringGirlswithanationalpartner.Thatpartner manages thelocalcampaign,recruitingwomentovolunteerasrolemodels,promotingInspiringGirlstoschools, and coordinating events for groups of women and girls. The Inspiring Girls campaign now operates in: ``` ``` Algeria Australia Belgium Brazil Chile Colombia Costa Rica France Guatemala Honduras Hong Kong Italy Jersey Mexico Morocco Panama Peru Poland Portugal Russia Serbia Singapore Spain Switzerland Turkey Uruguay USA Venezuela ``` ``` Despiteanotherchallengingyearofdisruptiontoin-personactivitieswithschoolsandvolunteersdueto the ongoingCovid-19pandemic,InspiringGirlswasproudtowelcomeninenewglobalteamstoits network: Australia,Algeria,Belgium,Guatemala,Jersey,Poland,Portugal,Russia,andSwitzerland.TheIG Young AmbassadorsNetworkwasestablishedattheendof2020withahighlyengagedcohortofgirls representing theircountriesandthecharitysuperblyacrossarangeofactivitiestofurtherthegoalsofthecampaign.And to markInternationalDayoftheGirl2021,thecharitylauncheditslargestglobaldigitalcampaigntodate - #ThisLittleGirlIsMe-toincreasethevisibilityandaccessibilityforgirlsofstoriessharedbyamazingwomen role models on social media. ``` ``` TheTrusteesarealsopleasedtoreportthatthecharityenteredintonewthree-yearpartnership agreements withToyotaMotorEurope(April2021)andFedrigoni(June2021).Bothagreementsincludering-fenced funding for agreed activities with selected global teams in areas of geographic interest for our new corporate partners. ``` ## **`Public benefit`** ``` The Trustees have had regard to the guidance issued by the Charity Commission on public benefit. ``` ``` Page 2 ``` ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021 ``` ## **`ACHIEVEMENT AND PERFORMANCE`** ## **`Charitable activities`** ``` 2021marksthecharity'sfifthyearofoperationwithmorenewcountryteamson-boardinginthefirstquarter of theyearthaninanysingleyearpriorsincethecharity'sestablishment.Thecampaignisnowactivein 28 countries,asnotedintheparagraphheaded"SignificantActivities".Despitethecontinueddisruption to in-personeventsforgirlsinschoolsduetotheCovid-19pandemic,IGglobalteamsdeliveredabroadrange of localactivitiesincludingin-depththematicworkshopsforgirls,digitaltalksandonlineeventswithrole models. Overthecourseof2021theIGglobalteamscollectivelyheld835events,reached55,089girlsand registered 2,244volunteerrolemodels.Questionnairesandinterviewscompletedaftereventshelpusmonitor and measure the impact of our activities. ``` ``` GirlsareattheheartofeverythingInspiringGirlsdoesasacharity,andwewanttoheartheirvoices and thoughtsateverylevelofthecampaign.Inthisvein,theIGYoungAmbassadorsNetworkwasestablished in September2020toadviseandsupporttheglobalcampaignbyinvolvinggirlsindiscussionsand activities throughouttheyear.Fifteengirlsagedbetween11-16yearswereselectedforYoungAmbassadorroles from nominationsputforwardbytheIGglobalteams.Afterasuccessfulfirstyear,nominationswerere-opened to our global network for the second cohort of Young Ambassadors, who began their annual term in October 2021. ``` ``` InJuly2021,InspiringGirlsannouncedtheappointmentofpresidentandCEOofAmericasSociety/Councilof the Americas,SusanSegalasitsfirstGlobalAmbassador.Thecharitywillinitiallyaimacross2022-23toappoint up tosixAmbassadorsofinternationalprofileandinfluence,andwhoreflectthebroaddiversityofthe Inspiring Girls network, to act as senior advocates for the campaign. ``` ``` TomarkInternationalDayoftheGirl2021,InspiringGirlslaunchedanewglobaldigital campaign, #ThisLittleGirlIsMetomakewomenrolemodelseasilyavailabletogirlsonsocialmediabyflooding our Instagramfeedwithinspirationalwomensharingtheirstoriesthatgirlscanfollow.Thecampaignreached over 48 million people around the world on Instagram, LinkedIn, Twitter and Facebook. ``` ``` Ourlocalcountryteampartnershavecontinuedtodemonstrateinnovationintheirengagementwith campaign audiencestoadvocateforInspiringGirlsandfurtherstrengthenvolunteerandothersupportnetworks; for example,corporatetownhallsledbyIGHongKongcoveringkeyissuesaddressedbythecampaign, thematic clubandsummercampactivitiesforgirlsorganisedbyIGSpain,andIGBrazil'spartnershipwiththe education ministryandpublicschoolsnetworktofacilitatetrainingactivitiesfor'youngvolunteers'todeveloptheir soft skills and computing skills. ``` ``` InadditiontothepartnershipagreementssignedwithToyotaMotorEuropeandFedrigoniin2021,asnoted in theparagraphheaded"SignificantActivities",therearefurtherdiscussionsongoingwithseveralnew global partnerswhoarecommittedtoengagewithactivitiesofimpactinmultiplelocationswhereInspiringGirls is active.Tohelpsustainablymanagethesegrowingandmorecomplexpartnershipagreements,thecharity hired adedicatedPartnershipsDirectorinOctober2021toeffectivelymanagepartnerrelationships,oversee the expansionofthecharity'sfundingstreamsanddevelopcentralfundraisingtoolsandresourcestohelp empower new IG global teams in their approach to local fundraising goals. ``` ``` Lookingaheadto2022,thecharity'sstrategicobjectiveswillfocusonactivitiesthat(i)effectively manage deliveryoftheambitiousmulti-regionpartnershipagreementsanticipatedforthecomingyear,(ii)capitalise on thesuccessof#ThisLittleGirlIsMeforincreasedaudienceengagementandsupportgenerationacross all communicationschannels,(iii)supportstrategicgeographicexpansionoftheInspiringGirlscampaign,and (iv) expandtheVideoHubresourcetoplugsectorgaps.Thecharitywillbefurthersupportedinthedeliveryof its projectsandcommunicationsobjectiveswiththehiringofaDigitalCommunityEngagementOfficerin early 2022. ``` ``` Page 3 ``` ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021 ``` ## **`FINANCIAL REVIEW`** ## **`Financial position`** ``` TheTrusteesaresatisfiedwiththeperformanceoftheCharityfortheyearandwiththefinancialpositionat 31 July 2021. ``` ## **`Reserves policy`** ``` Attheendof2020thetrusteesagreedtheestablishmentofareserveof£10,000onceaminimumof threshold issustainedinthecharity'scurrentaccountfora3-monthperiod.Ayearon,thegrowing operational requirementsofthecharity'sprogrammaticactivitiesre-openedadiscussionofthecashreserve,and agreement on the proposal to increase the reserve threshold to £20,000. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany, limited by guarantee, as defined by the Companies Act 2006. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`** ``` 10277233 (England and Wales) ``` ## **`Registered Charity number`** ``` 1171779 ``` ## **`Registered office`** ``` 2-4 King Street St James's London SW1Y 6QP ``` ## **`Trustees`** ``` Ms N Ali Ms M Gonzalez Ms N Hertz Ms B Lucena Ms G M Muinzer D Wills J Holt ``` ## **`Independent Examiner`** ``` Ruth Jacobs ICAEW Duncan Chartered Accountants 5 Cherrytree Union Road Sheffield South Yorkshire S11 9EF ``` ``` Page 4 ``` ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021 ``` ## **`COMMENCEMENT OF ACTIVITIES`** ``` Thecompanywasincorporatedon13July2016.Itwasregisteredasacharityon24February2017 and commenced its activities shortly after. ``` ``` ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct 2006 relating to small companies. ``` ``` Approved by order of the board of trustees on 21 February 2022 and signed on its behalf by: ``` ``` Ms M Gonzalez - Trustee ``` ``` Page 5 ``` ``` INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INSPIRING GIRLS INTERNATIONAL LIMITED ``` ## **`Independent examiner's report to the trustees of Inspiring Girls International Limited ('the Company')`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended 31 July 2021. ``` ## **`Responsibilities and basis of report`** ``` Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompaniesAct 2006 ('the 2006 Act'). ``` ``` HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16of the 2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyour charity's accountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act').Incarryingout my examinationIhavefollowedtheDirectionsgivenbytheCharityCommissionundersection145(5)(b)of the 2011 Act. ``` ``` Page 6 ``` ``` INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INSPIRING GIRLS INTERNATIONAL LIMITED ``` ## **`Independent examiner's statement`** ``` Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.I can confirmthatIamqualifiedtoundertaketheexaminationbecauseIamaregisteredmemberofICAEWwhich is one of the listed bodies. ``` ``` Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the examination giving me cause to believe: ``` `1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or` `2. the accounts do not accord with those records; or` `3. the accounts 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 a matter considered as part of an independent examination; or` `4. the accounts 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 (FRS 102)).` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be reached. ``` ``` Ruth Jacobs ICAEW Duncan Chartered Accountants 5 Cherrytree Union Road Sheffield South Yorkshire S11 9EF ``` ``` 21 February 2022 ``` ``` Page 7 ``` ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021`** |`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`295,446`
**`Charitable activities`**
`4`
`Charitable activities`
`2,661`
`Investment income`
`3`
`-`
**`Total`**
`298,107`
**`EXPENDITURE ON`**
**`Charitable activities`**
`5`
`Charitable activities`
`278,744`
`Other`
`13`
**`Total`**
`278,757`
**`NET INCOME/(EXPENDITURE)`**
`19,350`
**`Transfers between funds`**
`13`
`(5,863)`
**`Net movement in funds`**
`13,487`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`58,638`
**`TOTAL FUNDS CARRIED FORWARD`**
`72,125`|`Restricted`
`funds`
`£`
`121,000`
`-`
`-`
`121,000`
`98,893`
`-`
`98,893`
`22,107`
`5,863`
`27,970`
`20,995`
`48,965`|`31.7.21`
`Total`
`funds`
`£`
`416,446`
`2,661`
`-`
`419,107`
`377,637`
`13`
`377,650`
`41,457`
`-`
`41,457`
`79,633`
`121,090`|`31.7.20`
`Total`
`funds`
`£`
`402,731`
`-`
`28`
`402,759`
`403,899`
`235`
`404,134`
`(1,375)`
`-`
`(1,375)`
`81,008`
`79,633`| |---|---|---|---| ``` The notes form part of these financial statements ``` ``` Page 8 ``` ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ## **`STATEMENT OF FINANCIAL POSITION 31 JULY 2021`** |`Unrestricted`
`funds`
`Notes`
`£`
**`CURRENT ASSETS`**
`Debtors`
`11`
`37,119`
`Cash at bank`
`50,702`
`87,821`
**`CREDITORS`**
`Amounts falling due within one year`
`12`
`(15,695)`
**`NET CURRENT ASSETS`**
`72,126`
**`TOTAL ASSETS LESS CURRENT`**
**`LIABILITIES`**
`72,126`
**`NET ASSETS`**
`72,126`
**`FUNDS`**
`13`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`funds`
`£`
`-`
`50,547`
`50,547`
`(1,583)`
`48,964`
`48,964`
`48,964`|`31.7.21`
`Total`
`funds`
`£`
`37,119`
`101,249`
`138,368`
`(17,278)`
`121,090`
`121,090`
`121,090`
`72,126`
`48,964`
`121,090`|`31.7.20`
`Total`
`funds`
`£`
`2,369`
`87,944`
`90,313`
`(10,680)`
`79,633`
`79,633`
`79,633`
`58,638`
`20,995`
`79,633`| |---|---|---|---| ``` ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006for the year ended 31 July 2021. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006. ``` ``` The trustees acknowledge their responsibilities for ``` - `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and` - `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.` ``` The notes form part of these financial statements ``` ``` continued... ``` ``` Page 9 ``` ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ## **`STATEMENT OF FINANCIAL POSITION - continued 31 JULY 2021`** ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable companies subject to the small companies regime. ``` ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon21February 2022 and were signed on its behalf by: ``` ``` M Gonzalez - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 10 ``` ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ``` NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102, have beenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities: StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with theFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1 January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicableinthe UK andRepublicofIreland'andtheCompaniesAct2006.Thefinancialstatementshavebeen prepared under the historical cost convention. ``` ## **`Income`** ``` AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ``` DonatedservicesandfacilitiesareincludedintheSOFAwhenreceivedatthevalueofthegiftto the charity provided the value of the gift can be measured reliably. ``` ``` Donatedservicesandfacilitiesthatareconsumedimmediatelyarerecognisedasincomewith an equivalent amount recognised as an expense under the appropriate heading in the SOFA. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligation committing thecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequired in settlementandtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforon an accrualsbasisandhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothe category. Wherecostscannotbedirectlyattributedtoparticularheadingstheyhavebeenallocatedtoactivities on a basis consistent with the use of resources. ``` ``` Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a commitment but not accrued as expenditure. ``` ## **`Intangible assets`** ``` Intangibleassetscompriseexpenditureonthewebsite.Thewebsitehasanestimatedusefullifeof three years. ``` ## **`Taxation`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ## **`Pension costs and other post-retirement benefits`** ``` Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesintheperiod to which they relate. ``` ``` continued... ``` ``` Page 11 ``` ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021`** ## **`2. DONATIONS AND LEGACIES`** |**`DONATIONS AND LEGACIES`**||| |---|---|---| |`Donations`
`Donated services and facilities`|`31.7.21`
`£`
`271,595`
`144,851`
`416,446`|`31.7.20`
`£`
`197,231`
`205,500`| |||`402,731`| ``` Thecharityusesitsonlineplatformtorecruitvolunteerstoactasrolemodels.Volunteersareasked to provideonehourperyearoftheirtimetovisitaschoolorparticipateinsomeotheractivityfor the campaign.Thecontributionofthesevolunteersishugelyvaluedbythecharity,butitisdifficultto reliably measure the contribution for accounting purposes, so it is not included as income. ``` ``` TheVideoHubcontainsshortself-recordedinterviewsoffemalerolemodelstalkingabouttheirjob and lifeexperiencestobroadentheunderstandingforgirlsoftherangeofdifferentjobswithineachsector as wellasthevarietyofcareerpathsthatarepossible.TheVideoHubremovesthegeographicbarrier for girlstoaccesstheadviceofwomenrolemodelsthroughtheInspiringGirlscampaign.These contributions havebeenmadefreeofcharge,andassuchnoincomehasbeenrecognizedintheaccountsfrom the provision of this valuable resource. ``` ## **`3. INVESTMENT INCOME`** ## **`4.`** |||`31.7.21`|`31.7.20`| |---|---|---|---| |||`£`|`£`| |`Interest received`||`-`|`28`| |**`INCOME FROM`**|**`CHARITABLE ACTIVITIES`**||| |||`31.7.21`|`31.7.20`| ||`Activity`|`£`|`£`| |`Grants`|`Charitable activities`|`2,661`|`-`| ``` Grantsreceivedduring2020-21comprisedreceiptsfromtheUKGovernmentsCoronavirusJob Retention Scheme. ``` ``` continued... ``` ``` Page 12 ``` ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021`** ## **`5. CHARITABLE ACTIVITIES COSTS`** |||`Grant`||| |---|---|---|---|---| ||`Direct`|`funding of`|`Support`|| ||`Costs`|`activities`|`costs`|`Totals`| ||`£`|`£`|`£`|`£`| |`Charitable activities`|`45,823`|`78,975`|`252,839`|`377,637`| ## **`6. NET INCOME/(EXPENDITURE)`** ``` Net income/(expenditure) is stated after charging/(crediting): ``` ||`31.7.21`|`31.7.20`| |---|---|---| ||`£`|`£`| |`Development costs amortisation`|`-`|`3,371`| ## **`7. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31July2021norforthe year ended 31 July 2020. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31July2021norfortheyear ended 31 July 2020. ``` ## **`8. STAFF COSTS`** ``` The average monthly number of employees during the year was as follows: ``` ||`31.7.21`|`31.7.20`| |---|---|---| |`Support activities`|`2`|`2`| ``` No employees received emoluments in excess of £60,000. ``` ``` UntilMarch2020thecharityhadreliedontheservicesofexternalconsultantstofulfilthe responsibilities ofcertainmanagerialandsupportroles.InMarch2020someofthosedutieswerebrought "in-house" and two members of staff appointed. ``` ``` continued... ``` ``` Page 13 ``` ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021 ``` ## **`9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** ``` Ananalysisofthenetmovementinfunds,showingtheamountsofresourcesincomingtoand expended by the charity during the year ended 31 July 2020 is given at note 14 to these financial statements. ``` ## **`10. FEES FOR THE EXAMINATION OF THE ACCOUNTS`** ``` £1,152waspaidtotheindependentexaminer.Thisincludedafeefortheindependentexamination of £384, with the remainder being for the provision of accountancy services. ``` ## **`11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||| |---|---|---| ||`31.7.21`|`31.7.20`| ||`£`|`£`| |`Trade debtors`|`35,101`|`792`| |`Other debtors`|`-`|`1,200`| |`Prepayments`|`2,018`|`377`| ||`37,119`|`2,369`| |**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||| ||`31.7.21`|`31.7.20`| ||`£`|`£`| |`Trade creditors`|`381`|`1,996`| |`Social security and other taxes`|`2,052`|`2,749`| |`Accrued expenses and deferred income`|`14,845`|`5,935`| ||`17,278`|`10,680`| ## **`12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** ``` continued... ``` ``` Page 14 ``` ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021`** ## **`13. MOVEMENT IN FUNDS`** |`At 1.8.20`
`£`
**`Unrestricted funds`**
`General fund`
`56,313`
`Video Hub Fund`
`2,325`
`58,638`
**`Restricted funds`**
`Inspiring Girls International - Spain`
`-`
`Inspiring Girls International - Colombia`
`-`
`Inspiring Girls International - Mexico`
`-`
`Inspiring Girls International - Peru`
`6,237`
`Inspiring Girls International - Brazil`
`6,557`
`Inspiring Girls International - USA`
`8,201`
`Inspiring Girls International - France`
`-`
`Inspiring Girls International - Belgium`
`-`
`Inspiring Girls International - Italy`
`-`
`20,995`
**`TOTAL FUNDS`**
`79,633`
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
`Video Hub Fund`
**`Restricted funds`**
`Inspiring Girls International - Spain`
`Inspiring Girls International - Colombia`
`Inspiring Girls International - Mexico`
`Inspiring Girls International - Brazil`
`Inspiring Girls International - USA`
`Inspiring Girls International - France`
`Inspiring Girls International - Belgium`
`Inspiring Girls International - Italy`
**`TOTAL FUNDS`**|`Net`
`movement`
`in funds`
`£`
`20,052`
`(701)`
`19,351`
`13,972`
`(163)`
`(163)`
`-`
`2,494`
`(19,975)`
`8,978`
`8,438`
`8,525`
`22,106`
`41,457`
`Incoming`
`resources`
`£`
`280,977`
`17,130`
`298,107`
`61,716`
`5,765`
`5,765`
`8,526`
`-`
`22,139`
`8,564`
`8,525`
`121,000`
`419,107`|`Transfers`
`between`
`At`
`funds`
`31.7.21`
`£`
`£`
`(5,863)`
`70,502`
`-`
`1,624`
`(5,863)`
`72,126`
`-`
`13,972`
`163`
`-`
`163`
`-`
`(6,237)`
`-`
`-`
`9,051`
`11,774`
`-`
`-`
`8,978`
`-`
`8,438`
`-`
`8,525`
`5,863`
`48,964`
`-`
`121,090`
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(260,925)`
`20,052`
`(17,831)`
`(701)`
`(278,756)`
`19,351`
`(47,744)`
`13,972`
`(5,928)`
`(163)`
`(5,928)`
`(163)`
`(6,032)`
`2,494`
`(19,975)`
`(19,975)`
`(13,161)`
`8,978`
`(126)`
`8,438`
`-`
`8,525`
`(98,894)`
`22,106`
`(377,650)`
`41,457`| |---|---|---| ``` continued... ``` ``` Page 15 ``` ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021 ``` ## **`13. MOVEMENT IN FUNDS - continued`** ## **`Comparatives for movement in funds`** |**`Unrestricted funds`**
`General fund`
`Video Hub Fund`
**`Restricted funds`**
`Inspiring Girls International - Peru`
`Inspiring Girls International - Brazil`
`Inspiring Girls International - USA`
**`TOTAL FUNDS`**
`Comparative net movement in funds, included in the above are a`
**`Unrestricted funds`**
`General fund`
`Video Hub Fund`
**`Restricted funds`**
`Inspiring Girls International - Spain`
`Inspiring Girls International - Colombia`
`Inspiring Girls International - Mexico`
`Inspiring Girls International - Peru`
`Inspiring Girls International - Brazil`
`Inspiring Girls International - USA`
**`TOTAL FUNDS`**|`At 1.8.19`
`£`
`58,636`
`22,372`
`81,008`
`-`
`-`
`-`
`-`
`81,008`
`s follows:`
`Incoming`
`resources`
`£`
`336,965`
`2,999`
`339,964`
`27,506`
`6,258`
`6,237`
`6,237`
`6,557`
`10,000`
`62,795`
`402,759`|`Net`
`movement`
`At`
`in funds`
`31.7.20`
`£`
`£`
`(2,323)`
`56,313`
`(20,047)`
`2,325`
`(22,370)`
`58,638`
`6,237`
`6,237`
`6,557`
`6,557`
`8,201`
`8,201`
`20,995`
`20,995`
`(1,375)`
`79,633`
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(339,288)`
`(2,323)`
`(23,046)`
`(20,047)`
`(362,334)`
`(22,370)`
`(27,506)`
`-`
`(6,258)`
`-`
`(6,237)`
`-`
`-`
`6,237`
`-`
`6,557`
`(1,799)`
`8,201`
`(41,800)`
`20,995`
`(404,134)`
`(1,375)`| |---|---|---| ``` continued... ``` ``` Page 16 ``` ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021 ``` ## **`14. OTHER FINANCIAL COMMITMENTS`** ``` At31July2021thecharityhadenteredintocommitmentsamountingto£211,827inrespectof funding forlocalteams.Thesecommitments,extendinguntil31July2024,arecontingentonthereceipt of reciprocal inward donations to the charity from existing partners. ``` ## **`15. RELATED PARTY DISCLOSURES`** ``` Duringtheperiod1August2020to31July2021probonolegaladviceandsupportwasprovided by DechertLLP.MsM.Gonzalez,oneofthetrustees,wasapartnerinthisfirmuntil31December2018. This support has been valued at £109,851 ``` ``` From1August2020to31July2021officespace,administrationsupportandfacilitieswereprovided by Cohen&GresserLLP.Thevalueofthisservicewas£35,000.Ms.M.GonzalezisOfCounselinCohen & Gresser LLP. ``` ``` Allamountsenumeratedintheforegoingparagraphshavebeenrecognizedintheaccountsin accordance with the disclosed policy for donated services and facilities. ``` ``` IncludedinIncomefromDonationsduringtheyearended31July2021areamountstotalling £2,500 donated to the charity in lieu of fees payable to Ms M. Gonzalez. ``` ## **`16. GOING CONCERN`** ``` The trustees have considered the financial circumstances of the charity at the end of the reporting period. ``` ``` Atthebalancesheetdatethecharityhadtotalfundsamountingto£121,090andit'scashposition was £101,249. ``` ``` Thetrusteesremainconfidentthatthecharitywillbeabletocontinuetomeetitsliabilitiesasthey fall due. ``` ``` Page 17 ``` ``` INSPIRING GIRLS INTERNATIONAL LIMITED ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021`** ||`31.7.21`|`31.7.20`| |---|---|---| ||`£`|`£`| |**`INCOME AND ENDOWMENTS`**||| |**`Donations and legacies`**||| |`Donations`|`271,595`|`197,231`| |`Donated services and facilities`|`144,851`|`205,500`| ||`416,446`|`402,731`| |**`Investment income`**||| |`Interest received`|`-`|`28`| |**`Charitable activities`**||| |`Grants`|`2,661`|`-`| |**`Total incoming resources`**|`419,107`|`402,759`| |**`EXPENDITURE`**||| |**`Charitable activities`**||| |`Website and social media`|`202`|`10,477`| |`Filming`|`17,095`|`17,947`| |`Consultancy`|`24,840`|`57,253`| |`Subscriptions`|`3,686`|`4,463`| |`Summit costs`|`-`|`24,501`| |`Travel expenses`|`-`|`821`| |`Amortisation of intangible fixed assets`|`-`|`3,372`| |`Grants paid to Inspiring Girls local teams`|`78,975`|`40,001`| ||`124,798`|`158,835`| |**`Support costs`**||| |**`Management`**||| |`Wages`|`92,650`|`32,124`| |`Social security`|`5,599`|`1,375`| |`Pensions`|`2,505`|`1,863`| |`Sundries`|`634`|`1,450`| |`Rent and office facilities`|`15,000`|`15,000`| |`Legal & professional fees`|`130,685`|`190,790`| |`Accountancy fees`|`2,007`|`1,766`| |`Exchange differences`|`2,961`|`114`| ||`252,041`|`244,482`| ``` This page does not form part of the statutory financial statements ``` ``` Page 18 ``` ## **`INSPIRING GIRLS INTERNATIONAL LIMITED`** ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021`** ||`31.7.21`|`31.7.20`| |---|---|---| ||`£`|`£`| |**`Management`**||| |**`Finance`**||| |`Insurance`|`185`|`185`| |`Bank fees and charges`|`208`|`235`| ||`393`|`420`| |**`Governance costs`**||| |`Accountancy fees`|`405`|`384`| |`Legal fees`|`13`|`13`| ||`418`|`397`| |`Total resources expended`|`377,650`|`404,134`| |**`Net income/(expenditure)`**|`41,457`|`(1,375)`| ``` This page does not form part of the statutory financial statements ``` ``` Page 19 ```