Docus￿3th Enwe*Fe ID.. 5FDBE7E04E6&448￿￿2¢AE¢oX￿6lSF RegIStw￿ numb8r: 10277233 Charity number: 1171779 ,'IJE7 INSPIRING GIRLS INTERNATIONAL LIMITED (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 *•￿24A7YC• A14 *129 COMPANIES HOLE GSM&Co "ffin St￿￿ ￿cr￿&cO 100 YEARS 0￿U￿9N En*k)pe ID.. 5FD8EIWE6WWTh¥2G4ECOW15F INSPIRING GIRLS INTERNATIONAL UMITED IA Company Ilmlted by guar8nts•l COl￿ENTs Rdèr•nc• and adminlstrative details of th¢ Company. its Trustses and advisers Trustees. report Independ•nt examlnerfs report Statemènt of finanelal activities 10 Balanc• sho•t Statemtrnt of Cash fl 12 Notes lo the flnandal sts¢*ments 13-28 Griffin Stone Moscrop& Co DocuS4n E￿QpP ID". 5F08E75WWI&KIJ4-2CNEfAJW15F INSPIRING GIRLS INTERNATIONAL LIMITED ' {A compny limiied by guarantee) REFERENCE AND AOMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2023 Miriam GOr￿l$z, Chwr Geneweve Muinzer Jarnes Holt14)poinled 31 IAay 2023} Giulra Corinakli (appointed 31 May 20231 Begots Lucena de la Poza lappoinled 1 J￿e 20231 Nimco Ali I￿S￿ned 20 May 2023} Noreena Hertz I￿*]ned 20 May 20231 tkniglas Wills IresKJned 20 W 2023) Company rnglstered number 102TT233 Charity registered number 1171779 Registered office 24 King Str¢st Sl Jam8s's London SW1Y6QP Accountants Griffm Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Con¢Juit Street London WC1N 3GS Banker4 Santander UK 2 Triton Squaia Regenfs Pla¢e London 13AN Page 1 ffin Stone Moscrop 8 Co INSPIRING GIRLS IMTERNATIONAL UMITED (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENOED 31 JULY 2023 The TnJstees presènt their annual reFrfyi together the financial statements of the Company for the year 1 August 2022 to 31 July 2023. The Annual report sèrves the purposas of both a Trustees, report and a directors, report under company law. The Tnjstees confirm th* the Annual report and financial 5taterrent5 01 the charitable company ccfflpty wih the cu￿ent ststufory requirements. the requirements of the charitable companys governing document and the provisions of the Slatement of Recommended Practice ISORPI applicable lo Charities praparing thwr ac¢ounts in accorilanc¢ with the Fina￿￿1 Reporting Stand¥d ¥pplicablg in the UK and Republic of Ireland IFRS102) ￿eff￿tiVe 1 January 20191. Since the C(xnpany qualif￿5 as small under sethn 382 of the Crynpanies A¢t 20C6, the Slf*egic reptyt required of medium and large cc*npanies under the Conwanies Act 20C6 (Strateg￿ Report and Directors. Report) ReguLation$ 2013 has been Lynrtted. StfU¢tur•* goveman¢• and managem•nl Constitution Insprring Gwls lfttemat￿aI LTrnited is re9iStered as a charitable ¢ryny limtted by guarantee and was set up by a Mernorandum ofAssociatK)n. The Company 15 govemed by its Memorandum and Art￿leS of Asso¢iation dated 13 December 2016. b. Methods ol appolntment orelectlon of Trustees Th6 management of the Company the respons￿lIty of the Trustee5 thlKJ are elect￿ and cwled under the twm$ of the Mernorandum ofAssociatKJn. c. Oryanisatronal structure and decisiorHnaking policies The Board, which m¢et$ regularly. ajmaiisters the chaiity. The Board dec*Jes key strote9ic and cperalional issues while re$ponsibilty for the day-to-day man•Jement of the chanty is delegated to rts CEO. Vicky Booth and Director of Operations. Tri5h Carfin. d. Policies adopted forthe induction and training of Trustees New Trustees are briefed on their *gal cljligalions under charity and company law. the contents of the Memorandum gnd A￿"¢le9 of Assttiation. the luture plans and financol pwlomwce ofthe ¢harity. e. Pay policy lor key management pernonnel The Board review staff pay on an annual basis. f. R￿at￿ party r•latlonshlps Pro bono legal ath¢e and supwl ts provKlèd to the charity by Dechert LLP. Ms M Gonzabèz, one of the Irusleeg. was a partner at this fim until 31 December 2018. Page 2 &ifFin Stone Mosuop & Co DocuSYJn En¥dcve ID.. 5F1)8E7W*6W￿XD￿￿rAI￿l INSPIRING GIRLS INTERNATIONAL UMITED (A company limited by gu•rnnteel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2023 Strueturè. govérnan￿ and maThag•m•nt Icontlnued) 9. Flnanclal r5sk managwn•nt The Trustees have assessed the major risks to which the Corr¥)any is exposed. in partic￿•1 those related to the csjerations aThJ finances of the Company. ar￿ are satIsf￿d that Systems and prc¢edures are in place to miti.gate exposure to the major risks. ObJect5ves and a¢tlvities . Policles and ¢)bjectlv•s Irwiring Girf5 Limrted is ded￿ated to raising the a5piratK)n5 of gir15 ar0￿d the worfd by conn*¢tiny them with female role models. We facilrtale volunteers going into schools ¢y *tending Specif￿ speed-netsvorking events to k to girls about Iheir lrfe. career, choices and eXper￿nCes. We a150 man4e an online Y￿e0 ￿b￿ary wheie girls can find intèrvithys of volunteers tslking aboLtt their careers. To ¥1 as a resour￿ primarity ftK girfs and youTr3 *t¥nen up to the ￿e of 15 by prowding adwce. assistance, Ment￿Tr9, OTganisin9 progranmes of phys￿al. ed￿a￿nal olhec activkies as a means of.. lal advancin9 in lrfe and helpin9 them by devehping theif skills, cap*rtw and capabilities to enable them to participate In society as in¢Jependenl. m*ure and responsible indN*Juals." and {bl advancing their education wrth the goal of raising their a5PiTatJons and enc4xJragirtg them to aim hqh. In particular but not eXclus￿ety by". . promoling, sustaining and incwsirrfJ Ind￿d￿ and cc4kntNe knWe of young girfs (aged 10- 15 years) throu9h local and international CaMpa￿nS whKh a¥n at connethg girls with leffla￿ role mode15 and exposing gids to a variety of j¢)bs, ffjle$ and options in lrfe.. developing awareness and understanding of young girls about their academic and inL1Mdual capabnities through delivering educational talks at schcds. ses5vJn5 and other e(luGalional evenl$." and . wovidirwJ and pro￿￿tIng the free exchan9e of technolo9y and by devekpin9 a digrtal library, sothvare ¥￿ICatIonS and a youtube thannel. available to girfs around the workl. including, in p¥rtKular, gills in arèas or ¢ountries wilh b'miied access to f•male rok models. In setting objactNes arKI planning for %tNith?s. the Trustees have due constderation to general 9uidance published by the Charty Commi%sron relatsr¥J to Publ￿ ￿ft*frt. including thè guidarKe 'publ￿ benefrt.. running a charrty IPB21'. Page 3 Griffin Stone Moscrop& Co E￿￿￿10.. 5FD8E78ME6&4IWKIY-2G4ELK)W15F INSPIRING GIRLS INTERNATIONAL UkfjTED (A ¢omp•ny Ilmfted by gu•rnntee) TrVSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Objectives and activities Iconlinuedl b. Strategies for achieving ¢)bJe¢liv The role ofthe charity is lo ensure that it can create ar#J optimtse opportunities for $u*ainable gro¥¥th. The fthyowing fNe Strateg￿ Pr￿lIfe8 rel¥8Ct kn the can make the greatest impact al￿ will guid8 decisions about the alkxakn.on of resources. sklls and time. Support gknbal nefv￿rk leader5 to fu￿1 their ambitk)ns for In5PiTing Girly in thercountries.. Grow the global network whilst stren9thening the extsling communty,. Become intemational thou9ht leaders. with deep understarKling of purpw and ryacl." Create 9ltsbal'noise' about the mission and ambrtv)n$ of Inspiring Girts.. and Ensure global govemance and compliance are robusl and fit for purpose. In support of these strategic priorit￿s. the tharity reco9nises the Knportance of buikling On ts global netw()rk resource5 and has continued to rÈvth¥ and develop thè central tools, guKlance and digrtal resourcès provided lo global teams to strengthen localty delr*red Inspnng GNts canwawn xtrvit*¥. c. Aetivities undertak811 to achieve obJecti¥•s 1.143 Inspirirrfj Girt$ events were hetd around the worfd. rexhing over 30.000 gids and engaging wf(h over 180 schools. ActN(¢ies in¢luded Speed-ne￿Ing •vents. inspirin9 talks, finance w¢)Tkshops, as well as various corporate and ¢ommunrty-bassd actNittes. Some of the most in1￿val￿¢ h￿hlIghts over the yoar indude IG Hong Kong launching their 'lnspiriro EdLtCa￿n. programme wrth 2thJ students, IG Panama organising a drscussion wrth L'oreal group for girts and W(￿en sharing knthvledge and conducting experiments to mark Inlemational Day of Women and Girfs in scler￿e, and IG Spain laU￿hing their 'lnspiring Gir15 Dwital Bus. to ddiver di9rtal skills based leamI￿ activrt* dire¢tty to ￿lIageS and small tthvns li wral arèas. The ¢harty wekomed its 3rd cohort of Young Ambassadors in October 2023. These girls aged betsyeen 11-16 were sele¢tèd from nominabons submrtted by IG global team, to partiipate in an intemational programm* of aCtNrt￿s over course of 1-￿ar. These Young Ambassadots are passTrtinate about the aims and values ol the charty and advise and support the work of InspiTiThJ Girts auoss the wodd. The Inspiring Gids Video HL** femains a vitsl twl as a free duital resource to hdp ￿¥h girts in countries, schooh and ccynmunities where it ts I￿1 yet Possible to delNer face40-tsce carr¢a￿￿ activrties. Over 700 rc4e modd$ from all wJks of lrfe are Ojrrenl￿ featured on the Hub, speaking about their career path5. personal journey5 and advice to gids. A review prcKess of the Hub began in 2023 with the aim of refo¢u$ing conlenl lo be of most use lo schools, educators and parents. In partKular by kyentfying se¢torl¢ai•er gap5 and the FX*t&ntial lo expand associated education tools arKI lesson plans developed for the Hub in 2020. d. Grant4naking pollci•s In each county in our global neW. we Set up Inspirin9 Gits with 8 nati￿01 partner. That partner mana9e$ the local campavJn, recwr(ing women to volunteer as fole mcthls. prcffioting Inspiring Girts to $d)ool$, and cLY)rdinaling events for groups of women and girls. Grants lo instrtuti¢Jns are provKJed to fvnd working captsl requirements of country leams who kKalty deliver the Inspiring Girts campaign for the purpose of facilrtating activities which further the goals of Inspiring Gir Inlernabonal. This broadly ¢overs the ddNery of actNities such as themati¢ ¢lubs or workshops for girfs. employee engagement by corporate sponsors in school talks Qr filming for the Inspiring Girls v￿e0 Hub, speed- he￿orkIng events for girts arKI role m(xlels. them*ic d•Jifal campoigns and the prodL*tion of edu¢ational and promotional rnatenals. Pa9e 4 &iffin Stone Moscrop & Co INSPIRING GIRLS INTERIIATIONAL UMITED IA comp•rty limrted by gu•rnntee TRUSTEES. REPORT ICONTINUEOI FOR THE YEAR ENDED 31 JULY 2023 Obj•¢tiv•s and activities {continu8d) e. Voluntee Inspiring Girls Saw 5.075 role models rwster acT05S ts r￿lw(M% of tea￿￿ lo vdunleer for activitTes. f. Main actl¥StJes undertaken to further the Company's purposes for the publlc benefrt The Trustees confirm that they have coMpl￿d wrth the requirements of section 4 of the Charities Act 2011 to havè due regard to the Publ￿ benefrt guidance publthed by the Chanty CommissK)n lor England and Wa￿. A¢hièvèm•nts and wfommnce . Main achievements of the Company 8y the end of the financial perth, In5piriry Gyls wdcorned S tsam8 to s4obal network covering Slovaki TanzanH. Ecuador. Canada and Thailand, taking the tolal number of teams in the expanded IG gk)bal neNvork to 32. and wtth conversations Ong￿ng to onknard a further 4 nat￿nal teams before the end of 2023. To mark Worfd Space Week in October 2022. the ¢h8nty Collaborated M a un*4ue project wrth B8rbkg and the European Space Agency IESA} to inspire girls to reach for the stars and cOns￿ler STEM careers. In5pirin9 Girls facilitated the participation of girls from 5 countries across Eurcpe lo pul their questions to ESA a51ronaut. Samantha Crisloforetti who gave her replies whik serving as the first ever female commander on the Intern*ional Sp¥Ge Station. The project was a huye $tttes$. wih the rebgase of the inletview vpjeo gainirKJ significant news coverage xros$ 10 EMEA countnes. In Spring 2Q3, the charty conducted its first global frsk assessment exercise n support of rts slrategtc obje¢twes to support global leaders to fuffil their ambrtions. bvhile ensuring robust thal and gbbal governance and compliance issues remain h•3h on the agenda. As part of Ihts exerctse. Ihe charity intrtsjuced a nert glol)al $afeguarding pdicy to gu*Je internal and extemal campaNJn activrty. b. Koy perforniance ind5cator5 The ¢hafty does not set hard key perfommnce indrCatO￿ for global leams given the majority of teams are Staffed predominanlty by ¥oJunt*rs. h¢y4vever ¢anpargn grtr￿h year on year 1$ mwured through submitted annual country reports that Ind￿te the numbers of gids reached. number of w)lunteers and schwls registered, number and nature of caffyaign act￿rt￿S delNer&J. detals of nat￿al funding seLured and oveiall devewment of the CaMpa￿n.$ profile in the public campa￿n. Revlew of actfvitles A Global Revi￿4 of aclrvities is produced annually based on data collected from country leams in Decernbgr. The Review 15 y$ualty published by February, on th* chartys webslte and soaal medo platlomi$.'{ https.'IlinSpiring￿¥¢5. d. Faclorn rel•vant to achieve objectives Suffwnt lunding s￿red to achieve plamed activitos. Page 5 Griffin st¢￿e Moscrop & Co DowSffJn En¥dw10.' SFD8E7Bts6E6￿￿￿¥2cAEl7D2*0I5F INSPIRING GIRLS INTERNAMONAL UMITEO (A company limit•d by guarantee) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 JULY 2023 A¢hiev•mw)ts and perforniance {continuedl o. Fundraising activities and Income generation The charity intrc*Juced a Partne￿iPS D¥ector within the team in October 2021 to bring in dedicated ndraising expertise and stakeholder management as interest from c¢xporate partners conlinu8s lo grow. and with a longer-lerni vitw to diversrfying fundin9 St￿mS. The Trustees are also pleased to re￿ that Ihe charty enter&J new gb)bal partnerships during the period with MetLile Foundation. Fitch Ratings. UPS Foundat*Jn. Hals across muliith countrie5. Lesser funding streams include grant awards and indNhlual publ￿ dOnat￿S via the pFatlofflis wrth whrh the charity is registered. GlobalGNiThJ arvj 88nevty. Page 6 &iffin Stone M05crop & Co t￿￿$￿Jn En￿oF¢ ID.. 5FD8E7W6&148B-9CI>4-2CPEOOW1 INSPIRING GIRLS INTERNATIONAL Llk4TEO IA Company limit8d by guaranteè) . TRUSTEES, REPORT ICONnNUED) FOR THE YEAR ENDED 31 JULY 2023 f. Review of finances Tclal incoming resources at 31 JLdy 2023 were £7￿2.896 and total resources expended wèrè £848.746. Total nel defi¢it at the year end was £SS.850. Tolal funrls Co￿1¢d forward * the end was £279.296 of which £52,914 was unre5trthd and £226,382 was restrthd. . Plans for future period5 In Spring 2023 the charty proactivety In￿ated its first gkjbal risk asseswent exercrae (see more detail on this under Achievements and Perf0m￿nce1. Fc41Nin9 the condus¥)n of indNidual team conversations across the summer perK)d. Ihe ¢hafty will fdlow Ihrou9h wth re¢ommentJatKJns and adN)ns lo lil improve its central support arKI gU￿an￿ for teams arwj lill encourage teams lo develop their l¢Mger letm planning 10 strengthen local go¥eming practices. Progress wll be reviewed in 2024. The charty launched a UK pr(wJr•nxne of actwrf£￿ in Mar¢h 2023 alongside runnin9 a programme of partnered pilot actNrties in Scho￿$. The charty will ¢orrtrnuÈ to explore $tratÈ9*S to caprt81ise on this and the autumn 2023 UK Roadshow lo sustwnabty grow the UK Carnpa￿n under Ihe guidance of an independent Chair. In October 2022, the charty delivered a soft relaunch of rts vwal 2021 glob81 digrtal campaign. *￿h1sLlttJeGl￿1sme. The carrpapJn was well receNed again in rts second year. wrth particuFarfy high engagement by rndividuals and organisatKJns on Linkedln and Instagram. PLans will contmue to be developed lo estsblish #ThisLittleGidlsMe as thè charws flagship annual dwjital campab3n marking IntematKJnal Day of the Girl, and to ¢aprtalise on rts ongagen*nt lèvels through devek)pin9 associaled ￿￿S/actiVities. Membern. liabilty The Members of the Company guarnnlee to ¢cAttri*ute an ￿TrI not exceedin9 £10 to the assgts of thè Company in the event of windirv4 up. Page 7 Griffin Stone Moscrop & Co Do¢uSbn IO.. 5FD8E7WE6&￿&9cfyA-2G4EC￿2•515F INSPIRING GIRLS INTERNATIONAL UMITED (A company limiled by guarant•e) TRUSTEES. REPORT Icop¥llNUEDI FOR THE YEAR ENDED 31 JULY 2023 Statemtrnt olTru$t¢•s' rt$ponsibllit*s The Trustee5 (who are a150 th* dirècto￿ of Company for the purpJ5es of ¢￿￿P￿Y lawl arn raspon5ibl* for p￿parIng the Trust￿$, rep)rt artd the finan¢ial statements in accordance wrth appI￿*ble W and Unrted Kingdom Accounting Standards (Unrted Kingdorn Generalty Accepted Accounting Practice). Company law requires the Trustees to prepare financk?I ststenEnty for each fin8n¢ial . Under company law, the Trusteès must r￿1 approve the financial statements unkss they are satisfied thal they gNe a Irue and fair view of the stats of affairs of the Company and of its incoming resources and application of ￿SourCeS, including its income and expendrture. for th* per￿. In p￿partn9 these finan¢AI Statements. the Trustees are required to.. seled suilable *cO￿ting pthies and then appty them con5islentty.' observe the methods and pnnupks of the Charit￿5 SORP IFRS 1021.. make judgtments and aceounb.ng estwrkates that ale reasonab￿ and prudènt". slate wh*her applicable UK Accountirg Standard5 IFRS 1021 have been followed, suty'*¢t to any material departu￿$ disclosed and èxplained Ni the financrdl statemènts.. prepare the financial statements on the 90in9 conGem basis unbass It is inapprtpriate to presume that the Company WIN ¢ontinue in busir*s. The Trustees are responsible for keepNig adequate ¥¢¢cwntr"n9 rewos th8t are $Lffi¢ent to and expl8in the Company's transaction5 and disdose wth reasonable accuracy at arry tine the fin3nci81 pos+tion of the Company and enable them lo ensure that the financia stslemen15 comply with the Companies Ad 20C6. They are also responsible for safeguarding the assets of the C￿anY and hence for taking reasonable steps fof the preventKJn and detectw of fraud ￿ other irregularitw. Approved by ordef of the merT*)ef5 ofthe board of Trustees on 26 April 2024 and signed on their behallby.. Miriam Gonzalez Chair Page 8 Griffin Stone Moscrop & Co DO￿sIgn EthfhJFe ID.. sFD8E7Brb6E6￿￿￿1W2cAEo0￿1SF INSPIRING GIRLS INTERNATIONAL LIMITED IA company limited by guaranlee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2023 Indèpendent ex•min•rfs r•port to the Trustees of Inspiring Girls Intern4tronal Limited (Yhe Company.) I report to the charty Truslees my eX￿in0th)n of ts a¢¢ourts of the Ccfflpany l¢y the year endgd 31 Ju 2023. Responsibilities and basis of report As the Trustees of thè Company land its directors for the purposes of company I￿) you are responsible for the preparaton of the accwnls in accordanre wth the requirement$ of th* C¢yNianiès Act 2006 Ilhe 2006 Acl'l. Having satisf￿d mysem that the accounts of the C¢ynpany a￿ not reqU5￿d to be auditèd under Part 16 of the 2006 Act and are digible for independent examirtation. I report in respect ol my examination of the Company's accounts carried oul under section 14S of the charit￿ Act 2011 ('Ihe 2011 Act'l. In cairying out my examination I have follywed th& DirectK)ns given by the Chafrty ComMi￿10n under $4dK>n 14515llb) of the 2011 Act. Independent exaAnlnerfs statement Since the Compan¥s gross income exceeded £250.0(N) your examiner musl be a member of a bc*Jy listed in section 145 of the 2011 Art I confim that l am qualrfied to undertake the examination be¢aus* l am a membar of In$titut8 of Chartere(l A¢¢ountants in England antj Waks. whi¢h is one of the listed bodies. I have Completed my examnation. I confimi thal no matter5 have come to my attention in c(￿neCtIon with the examination giving me cause to believe.. accounting records were Mt kept in resped of the CLynpany as Tequired by section 386 of the 2006 Act., thg ¥¢¢ount$ do not accord wrth those records" or the aceounts do not c(*npty wth the &counb"rtg requwnents of section 396 01 the 21x6 Act other than any requiremenl that the accounts give a 'tnJe and fairf view whth ra not a mattef considered as part of an independent examin*ion" or tha accounls have not been prepwed in acwdance wtth tha methods and pn"rKiples of the Ststement of Recornmended Practs"ce for accounting and reporting by Charit￿ [app1vb￿ to charrtie5 preparing their counts in accor11￿ce with the F￿al￿oI Reporting Standard appluble in th• UK and Republ￿ of Ireland IFRS 10211. I have no con¢em$ and have ¢cMne across no cAher mattws Thi connection with the examinalK)n lo which attention should be drawn in thts ￿port in order to enable a proper undeTStanding of the accounts lo be reached. Thff4 rewl is made to tho Con4Hnl$ Tmstees. a$ a body, ffi accordance wth Part 4 of the Charities (Accounts and RekX)rtsl Regulations 2008. My worft has been undertaken $0 th* I might stale lo the Companls Trustees those malters l am required to state to them in an Independent examin¢r's raport and for no other purpose. To the fullest exlent perrnrtted by L3w. I tr) not accept or assume respon$rt)rfty to anyone other than the Company and the Companls Truslees as a body, for my Wa￿ or for thts report. Signed.. R8ema Mislry. ACA Grlffin Stone Moscrop & Co Charte￿d Accountants D*d.' 26 April 2024 Page 9 &ifffin Stone Moscrop & Co D0tyJS￿Tr En%*lcye10.' 5FO8E7B1K6E6￿B￿￿0K2ChEI7D2fvfj1SF INSPIRING GIRLS INTERNATIONAL LIMITED IA ¢ompany limited by guarant•• STATEMENT OF FINANCIAL ACTivmES (INCORPORATING INCOME A14D EXPENDrruRE ACCOUNTI . FOR THE YEAR ENDED 31 JULY 2023 Unrestrlcted funds 2023 Restricted funds 2023 Total fund$ 2023 Total funds 2022 Income from: Donations ar*J legac￿$ Charitable adNitie5 122.827 211.993 122,827 670,069 178,132 672.766 4S8.076 Total Income 334,820 458,076 792,896 850,898 Expendiiur• on: Charrtable adNitRs 417,1(Kl 431.646 848,746 636,842 T¢)tal •xpendiiure 417.11)0 431.646 848,746 636.842 N•t movement in lunds {82.2801 155.8SO) 214.05S Reconcrflatlon ol funds: Total funds brought forward Nel mOVw￿nt in funds 13S.194 (82.280} 199.952 335,146 (55,8501 121,090 214,056 Total lunds carried forward 52.914 226.382 2Y9,296 335.146 The Stslemenl ￿ rmanc￿l actwrties indude5 al gains and k)sse5 Tecognised in the year. The notes on pages 13 to 26 fomi p•t of theso financial ststements. Page 10 ffin Stone Mos¢rop & Co DorAJStiJn £n￿lOPe ID.. 5Fo8E78f&6E6W88-9C￿2cAE0DwlSF INSPIRING GIRLS INTERNATIONAL UMJTED (A company limited by guarantee) REGISTERED NUMBER: 10277233 BALANCE SHEET AS AT 31 JULY 2023 2023 2022 Current assets DebloTS Cash at bank and in 11 95.835 198,545 193,432 149,633 343,265 Creditors.. amounts Trdlb"ng du¢ within year 12 115.0841 18,1191 Net cuvr•nl assets 335,148 Total assets Iw current liabilities 279.296 335,146 Total n¢t assets. 279.296 335.146 Charity funds ReslrKted funds UnreslrKted funds 14 14 226.382 52.914 199.952 135,194 TO￿￿ funds 279.296 335,146 The Company was entitled to exempt￿ from audit unts section 477 of the cL￿pan￿S Act 2006. The memtets have not TequKed the c(¥nparry to obtain an audi¢ lor the yea¥ in questN)n in accordance wtth section 476 of Companies Act 2006. The Trustees a¢knopAod9e thw"r respon$ibilities for with the requirom?nls of tho Act wlth resped lo accounting rewrds and prepararon of statements. The financial ststtrments have be•n pwared in a￿rdance wilh lh• provtsions appl￿1¢ to enttti8s suty'e¢t to the small companie5 regime. The financial ststem8nts were approved and authorised issuè by the Trusle8s and stgned on their beWI by. Mtriam Gonzal•z Chair Date.. 26 April 2024 The notes M pages 13 to 26 fomi part of these financial statemerts. Page11 Griffi"n Stone M05crop &Co Docusw En*fv)pa ID." 5FD8E78lP6E6￿8￿9clu-2cW￿jW1SF INSPIRING GIRLS INTERNAMONAL UMITED IA comwny Ilmtted by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2023 2023 2022 Cash flows from operatillg actlvlties Nel cash used in operating a¢ty"vth$ 48,712 48,584 Cash flows from investAw a¢tlvltl•s Net cash provided by investing a¢tivllies Cash Ilov*J from financing activities N•t cash provid•d by financing activill•s Chang• In cash #nd ¢a$h •qtsl¥alents In the ytar Cash and cash equNaJ8nts at the beginning of the ￿aT 48.712 48,S84 149,833 101,249 Ca$h and cash equiv•knts at th• •nd of th¢ year 198,S4S 149,833 The ncles on pages 13 10 26 form part crfthese 5taterrtnts Paje 12 Griffin Stone Moscrop 8 Co Do¢uSbJn En¥ely ID.. 5F08E7O￿6&448&￿IJ¥2C￿£0D21ffjl5F INSPIRING GIRLS INTERNATIONAL LIMITED IA company limlt•d by guarante•l PIOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 General infommtion Inspirirtg Girls IntematKJnal Lmrted is a charity l¥nited by guarantee and consequentty does not have share caprtal. regislere(l in England and Wales. hs wi$tered Olf￿ address 15 shown on the company inforniats.on page. Each of the Truslee5 15 loble to contrft>ute an amount not exceeding £10 towards the assets of the charity in the event of hquMlat*)n. A¢¢ountlng poli¢ios 2.1 Basis of preparation 01 Nnanclal statements The finan¢ial statements have been prepared in acccrfdan¢e with the Charities SORP IFRS 1021- A¢¢ounting and Reporting by Charrtigs.. Ststement of Recommended Pradti appl￿ble to charities preparirvj Iheif atttsunts in accordanGe with the Fnancial Reporting Standard applicable in the UK and Republ￿ of Ireland IFRS 1021 leffectNe 1 January 20191, the Financial Reportsng Standard appI￿able in the UK and RepublK of Ireland {FRS 1021 and the Companies Act 2Cth. Inspiring Girfs Intemaknal L￿lte¢l meets Ihe definkn.on of 8 public benefft ert.tty under FRS 102. Assets and I￿￿111￿"e$ a￿ initially recognis&J at hislorKal cost or transaction value unless otherwise Stat￿ in the re￿vant xcojnling polw. The finan¢ial $latements a￿ prepared Ni ste￿i¥J. wlith ts th• pre5entslional currew of th$ ompany. ar￿ are rounded lo the ne4￿$t £1. 2.2 Going concern Aftgr making approwrate enquires. the Trustees ha￿ a wsonabk expect*ion that the company has adequate resources lo conb.nue in cperalional existence for the next ￿efve month5. For th reason they axlinue lo adopt Ihe going concem basi5 ui preparing Ihe financial 5taternent5. 2.3 Income All inG¢yne recognised once Ihe Corrpany has entrtlemenl lo the income, rt probable thal the income will be received and the anw)unt of Ir￿ome {eceNa￿e can be measur8d reliably. Grants are included in the StatE¥nent of finarKtal xtNrttes on a re¢eivable basis. The balance of incorne receNed for Speerf￿ purposes but not expended during the period is shown in the relevant funds on the Balance sh•et. Where ineome i8 received in thance of entrtlement of r•cery)t. its re¢ognrtK)n 15 defeNe(l and included in credrtors as deferred income. Where entrtlemenl ¢¢¢urs before income is receNed, the irKome 15 ￿ue￿. On receipt. donated professional serV￿S and fxilities a￿ re¢ognised on tho basis of the value of the grft to the Company whith ￿ the amount it would hav& been willing lo pay lo obtain seNice5 or facilrties of equNalenl economic benefrt on the open market.. a corresponding amount is then re￿ni￿ in expenditwe in the perKd of recwpL Page 13 Griffin Stone Moscrop & Co Do¢uSw En4*b)￿ ID.. SFDeE7BmE60448Wc￿ZC￿EoDwlsF INSPIRING GIRLS IpifERNATIONAL UMITEO (A ¢ompany Ilmlted by guarnnt••) NOTES TO TrIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Accountlng policles {conlinu•dl 2.4 Expwdllur• Expendrtufe ts re¢c*)nrsed once the￿ is a kgal or COr￿t￿l¢t￿e oblwatron to transfer economic benefrt to a third party, 15 probable that a transfer of ecorKJmic berths will be required in settlement and the amounl of the oblNJation can be mgasured reliably. Expèndilure is classif￿d by aclivtty. The costs ol each a¢tivty are made up ol the tdal of t1ffect costs arKJ $￿3￿ cosls. inclwling supw1 costs invofved in undert*in9 exh activjty. Direct ￿$t$ attributable to a single 3¢livity are allocated dire¢lly lo that actiwty. Shared costs Vth￿h contribute to mor8 than one actNty and support costs which are not attiibutable to a sin9le a¢tivty are apportioned between those activrties on a basis consistenl wth the use of resources. Central staff costs are olb¢ated on the basts of time spent, 8nd dep￿clation arges allocated on the portKJn of the asset's Use. EXpendrtU￿ ort ¢haritable *iwb"e$ s irKLwred on directty undortaking the actNrt*s which further the Compan￿5 objeclNe5. as wdl as ￿Y a65C¢￿ted support costs. Grants payable are charged in the year when the offer ts made except in those cases where the offer is condrtional. such grants being reco9nised as expenditure when the condjtions attaching are fU￿111ed. Grants offered subject to condrtK)n5 which have not been met at the year end awe noted as a comrThtment, bLrt not accfued as eypendrture. All expendiiure Ks indusive of irrerovw*l* VAT. 2.5 Deblo Trade and other debtors are recognised at the settknwt amwnt after any trade dis¢ount offered. Pwyments a￿ Val￿￿ at the anount prepaid ngt ofany trade dis¢wnts due. 16 Cash at bank and In hand Cash at bank and in hand Ir￿udeS cash ar￿ shtst4erm highty INUKI investments with a Short malunty of Ihrte months u less from th8 date of acquisiiion or openmg of the depwl or similar account. 17 Llabllities and provlslons ar¥ wognw4ed when Ihere 1$ an oblrgatKJn * the Balance sheet date a$ a re$ult of a past event, it is probable that a transfer of econtyn¢ benefrt will be requKe(l in settlement, and the amount of the settt8ment can be estKnat8d reliabty. Liabrfrt￿s are recognised at the ￿nOUnt that the Company anbcipates rt wil pay to Settle the debt or the w￿unt it has received as th￿ed payments fortt* gjods or services it Th￿st provide. Provisions are measured at the best esb"m3te ofthe amounts requi￿0 to settle ihe obligalion. Whe the effect of the tffne value ol money is mateiial. the provis￿ is based on the present value of those amounts, discounted at the pre•tax d￿COUnt rale th* refie¢ts the rrsks $pecific to the Ikqbility. The unwinding of the discount is recognis&J in the St*ement ol ath"vrt*s as a finan￿ cost. Z8 Flnancial instfuments The Company only has financial assels wtj financial Iobilrties of a kind that qualfy as b8sic financial inslrumenls. Basic financial inslrurwts are inrtially recognised al transaction value and subs8quenlty rr￿Sured at their settlement value wrth the excepts"￿ of bank k)ans which are subsequentty mea5ufftd at ￿￿JrtI5ed c05t using Ihe effectNe interest method. Page 14 Griffin Stcffte Moscrop & Co En¥ekw10: SFD8E7BMEfjw￿5C￿2UEC0?A61 INSPIRING GIRLS INTERNATIONAL LIMTED IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 counting policie5 {wrt1nu￿) 2.9 Pensfons The Company operales a defff*d Contributi￿ pension scheme and the penwon charge represents the amounts payable by the Crmpany to the fund in ￿SpeCt of the year. 2.10 Fund accounlin9 Genefal funds are [￿rnstru#8d furbds whth aro avaiwe for u$& at the discretion of the Trustees in furtherance of the general objectives of the Cryny and whKh have not tjeen de5•3nated for other purposes. R¢str¢ted funds are fvnds whrch are to be used in ac¢ordan¢e I￿h specff¢ restrr¢tions imposed by donors or whth have been rais&J by the Comp¥ny for part￿￿￿r pU￿0$e$. The costs of r8isrng and administerin9 such funds are charged against the sp8cffic fvnd. The aim aThJ use of each restricted lund is Set out in th¢ notes lo the ffinancial slatement5. Income from donations and legaci•s Unr¢stri¢t lunds 2023 Total funds 2023 Total funds 2022 Donations Grants 91,256 31,571 91,256 31.571 178,132 122,827 122,827 178,132 In¢luded in don*w)n$ is £75.368 12022 - £76,660) whth relates to donations in kind for the PTO bono legal advice and SVPFXYt Se1vr￿ provKled to the charty. In¢¢)me from charitable athiti•s Uthrtstrkt•d Restrlcted nds fvnds 2023 2023 Total funds 2023 Corporate Partner Income 211.993 458,076 670,069 Page 15 GrifFin Stone Moscrop & Co DoBuSv4n Envelope ID." sF08E7BME6￿B-K[l¥2cAEoD2Pfj15F INSPIRING GIRLS INTERNAMONAL LIMITED IA company limited by gu¥rnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Income from charitable activiti•s Icontinuedl Unrestricted funds Restrict8d funds 2022 Totsl funds 2022 Corporate Partner Ino)me 183,214 489,552 672.766 Analysis of expendiiure ¢)n eharitable activities Summary by fvnd typ• Unrestricted Re$tri¢t•d lunds tLrnds 2023 2023 Total 2023 Charitable acaNities 417.100 431.646 848,746 un￿str￿¢0 funds 2022 R*stri¢led fvnds 2022 Total 2022 Charitable a¢tivit*s 298,278 338,564 636,842 Anatysls of expenditure by acllvltles Grant Activfties lunding of undertaken activitie5 directty (Note 6) 2023 2023 Support costs 2023 Total funds 2023 Charitable aclivtrt*s 250.193 434.178 164,375 848,746 Page 16 Griffin Stone Moscrop & Co Doc￿￿ E￿10￿* ID.. 5FD8E78NE6&44￿￿IN-2cAEQD￿tSF INSPIRING GIRLS INTERNATIONAL LIMITED IA ¢ompany limited by guarant•e) NOTES TO THE FIt4ANCIAL STATEMENTS FOR THE YEAR ENOED 31 JULY 2023 Anatysls of •xpendlture by actlvltles Icontinu•dl Gwant diTrg of aclmt (Note 6) 2022 ActNrtie5 undertaken direclty 2022 Support costs 2022 Total funds 2022 Charitable adivities 30.387 409,860 196.595 636,842 Anatysis of dire¢t costs Total funds 2023 Total fun¢Js 2022 staff costs Website and social medka Filming Sub5crplions UK Programme Travel & sub$isten¢e 186.075 20.700 S.554 19.638 16.372 1.854 8,658 12,823 8,906 250.193 30,387 Analysls of support costs Page 17 Cfiffin stone Moscrop & Co DotyJS•Jn En%*lope ID." 5F08E78￿fjE5￿I#￿O￿2¢￿£(￿2￿lSF INSPIIING GIRLS INTERNATIONAL UMITED IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Analysis of expendltur• by adivtties (continued Anatysis of support costs {¢onllnu¢d) Total nds 2023 Total funds 2022 Staff costs Consuttaney fees Infomalion te¢hnoh)9y Bank charges In$urance Legal fee5 Accountan¢y Lossl19ainl on exchange Olhef $UPPOrt costs Postage. F￿[gh1 & Courier Ger*fal Expenses 46,519 7,SS6 82,642 24,658 1.188 437 76.465 7.912 20.666 2,092 397 185 77,372 2,953 1.033 164.375 196,595 Anaty$is of grants Grants to Institutions 2023 Total fund$ 2023 Gran15 axpendrture 434.178 434,178 Grants lo Instrtutions 2022 Total lunds 2022 Grants expenditu 409,860 409.860 Pag8 18 Griffin St￿e Moscrop & Co Otscusijn En¥dope ID". 5FD$E7WE6W8&￿￿2C￿EOD21ffjl INSPIRING GIRLS INTERNATIONAL ￿￿TED {A company limited by guaTanl•o) NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Anatysls of grants Icontinu•d) Thè Company has maje the fokn¥irvJ materral grants to institut•)ns during the year. 2023 2022 Nam• ol institulion IGI - Spain IGI- Colombia 81.080 9.068 15.909 49.797 26,833 51,540 3,792 61,620 82,135 14.387 13.801 22.786 19.257 39.661 34.254 15,091 70,047 8,497 7,502 IGI - Mexico IGI - Braz IGI- USA IGI- Fran IGI- Belgium IGI- Itsty IGI- Hong Kong IGI - Australia IGI Chite IGI - Singapore IGI - Poland IGI - Portugal IGI - Sertj 47.309 14.738 9.100 36.290 11.211 7.963 3,781 429.240 338.565 Other gran15 10 in5titulM>ns 4.938 71,295 434.178 409.860 Grants lo in$trtutK)ns we prov*ed to lund working caprtal requirements of ¢auntry tèams who localty deliver the Inspiring Girls campaKJn for the purpose of lacilrtating aCtivit￿S wh￿h further the goa15 of Inspiring Gid$ IntematJonal_ Thi5 bro•Jty ¢ovws the delivery of a¢lNrties such as themati¢ Clubs or workshops lor girts, employee eTrJagement by Corporate SFonsoT5 in sChry￿ talks or filming for the Inspiring Girls Video Hub. ¥peed-neh¥orking events for girfs and role models. themalic d¥ital campaigns and the produrtK)n of edu¢alK)nal and PrrynotK￿aI matwwls. . Independent •x•mln•rfs remuner•tiofft The independent exwnineY8 remunerabon amounts to an iThJependenl examiier fee 01 £6.27512022 - £5,046). Page 19 Griffin stone Moscrop & Co INSPIRING GIRLS INTERNATIONAL UMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Stsff costs 2023 2022 Wages and salaries Social securrty costs Contribution lo defmed contributhx pen5M scherr*s 76.774 3.466 2,402 15.790 12.400 232.$94 82,642 The average number of Fwsons by the Companyduring the year was as foll￿5.. 2023 Mo. 2022 No. Average Number of Ernptyes No wnployee r￿8￿¢￿ remUnerat￿ft arrKwntm9 to more than £60,CW in either yeaf. The key fflanagemnl personnel ofthe charrty c￿rIst the CEO and D￿e￿or of Operattr￿s. Rwnuneralitin re¢eNed during the year by kgy management personnel was £24,W 12022 - £8,697). induding ¥mF4oyers A*￿n•1 ii$urance arwj cOntrrt)u￿n& 10. Trusttts. remun•ratk+n and exp•ns¢s Durwu the year, no Trustees re¢ewed any remuner8lion or other benefrts {2022- £NIL). ring the year ended 31 Juty 2023, Th) Trustoe expenses have begn incurred {2022- £NIL). 11. Debto 2023 2022 Oue Twithin one year Trade debtors 94,232 1.603 193,432 . PrepaY￿ts and xciued I￿0￿ 96,835 193,432 Pag8 20 Griffin Stone Moscrop & Co. Do¢u&gn En¥ekpe ID.. 5FD8E7B1MEe&448&9C￿2￿4EOo2*fj1SF INSPIRING GIRLS INTERNATIONAL LMTED (A compamy Ilmlt•d by gu•rant¥è} NOTES TO THE FINAPICIAL STATEMENTS FOR THE YEAR ENOEO 31 JULY 2023 12. Creditols: Afflourts falling du• within on• y 2023 2022 Othei taxation and Social 5ecurty Penstons Payable A¢cwal$ and defe￿ed inc 7.202 2.242 2.932 5,187 15.084 6,119 13. Flrtanclal instrumènts 2023 2022 Flnanclal assets Finanrial assets measured at tsir value through irKcwne aThJ expendtture 198.545 149,833 Financial 8ssels measured * lair value through irwne aThJ expendlure comprise cash al bank and in hand. Page 21 Griffin Stone Moscrop & Co En¥t￿)p&lo.. 5FDBETWEFW&9C(H-2CAEODW1SF INSPIRING GIRLS INTERNAIIONAL UMITED IA Company limlt•d ty 9uaranl•• NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 1& Statement of funds Statement of funds- Current year 8alance at 1 August 2022 Balance at Incom• Expendlturn 31 Juty 2023 Unrestrlcted funds Genwal Funds 135.194 334.820 1417.100} 52,914 RestrI￿¢d funds IGI- Spa IGI- Colcfflbra IGI - Mexico IGI - Peru IGI- Brazil IGI- USA IGI- France 22.084 95,673 18.108 18.108 8.647 22.343 20,693 33.907 3.816 57.922 3.IXIO 17.997 18.109 181.0801 {9.0681 115.9091 3fj.677 9.040 8.479 8.647 27.744 {$0,0871 12S.0361 ($0,839) 13,816) 161,6201 11,9461 146,2551 114,7381 {7.4401 17.6001 18.73SI 136.2661 16.932 IGI- Belgium IGI- Italy IGI- Hong Kong IGI- Australia IGI- Chile IGI-Se IGI-UK IGI- Singapore IGI- Polanta IGI- Swrtzèrland IGI Portugal IGI - Venezuela 23.471 11,lJ54} 28258 19.773 8.380 41.216 5.73S 12.494 69,628 103.244 39,316 7,TT8 11.385 8.647 15.543 7.778 174 8,647 {11,211) 199.952 458.076 (431,646) 226,382 Total of funds 335.146 792.896 1848,746} 279.296 Page 22 ffin St£￿e Moscrop & Co DouJSbJrb EriveityÈ10". 5F08E7B￿6EW48&5￿O￿ZcAEOD2NtslSF INSPIRING GIRLS INTERNATIONAL LIMITED (A CoM￿nY limited by guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 1& Statement of funds (C¢￿tInued} Statement of funds - ￿0t year BalarKe at 1 August 2021 Balance at Income Expenditur¥ 31 July 2022 Unrestrl¢t•d funds General Fund5 70.502 1.624 349,161 12,185 1284,469 {13,8091 135,194 VKleo Hub Fund 72.126 361.346 (298,2781 135.194 R•strl¢t¢d funds IGI Spain IGI - Colembia 13,972 90.247 14.387 20.081 41,479 23.600 47,615 25,816 30.037 68.993 36.755 12.511 7,440 41,216 13.100 16.27$ .182,1351 114,3871 113.8011 122.7861 119.2571 139,661) 134,2S41 115.0911 170.047) (8.497) 17.5021 IGI - Mexico IGI- Braz IGI- USA IGI - France IGI- 8eigium IGI- It*y IGI- Hong Kong IGI- Australia IGI- Chile IGI- Setha IGI-UK IGI - Singapore IGI - Poland 6.280 27.744 4.343 16.932 9.051 8.978 8.438 8.S25 23,471 11,0541 28,258 5,009 7,440 41,216 5.735 12,494 {7.3651 13.7811 48.964 489.552 1338,5641 199.952 Total of funds 121.090 850,898 1636.842) 335,146 R•strlthd fund income.. are eontr**utions to fvnd workrng caprtal requrrerr*nts of eountry teams who Ioc81ty deliver the Inspirin9 Girf5 campawJn for the purpose of Ixilitating a¢tNitvès which further the goals of Inspiring Girts Internalffjnal. This broadty ￿eTS the delivery of xtNit￿S such as thematic dubs or workshops f¢y girts. empwe engagement by corpor*e sponsors in s¢hc<4 tslks or filming for the Inspiring Girfs Vbjeo Hub. spee&neh¥0J￿.ng events for girls and ro￿ mc*Jels. thematic digital campaigns and th8 prodLKt*)n of educati￿¥1 and pl￿￿OI￿al m*erAts. Page 23 ffin Stone Moscrop & Co DacuSb3n En￿ ID.. sFD8E7￿6£8￿￿CaA-2CAE[￿)>A$l INSPIRING GIRLS INTERNATIONAL UhllTED IA company limiteql by guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 15. Summary of funds Sumffi￿ of funds- cu￿nI yoar Balance at 1 Aiwst 2022 Balance at In¢ome Expenditurn 31 July 2023 General funds Restricted fiJnd$ 135.194 199.952 334.820 458.076 1417.11Xk 1431.6461 52,914 226.382 335.146 792.896 1848.7461 279.296 Summary ol lunds - prior yèar Balance at 1 August 2021 Balance at Income Expenditure 31 July 2022 General fvnds Restricted fvnds 72,126 361,346 489,552 {298.2781 (338,5641 135,194 199,952 121,090 850.898 1636.8421 335,146 16. Analysls of net assets bth￿en funds Analysis ol ••t assets between funds- current year Unr•stri¢W R•stslct•d funds funds 2023 2023 Total funds 2023 Current assets Creditors dye within one year 67.998 115.0841 226.382 294.380 115,0841 Total 52.914 226,382 279,296 Page 24 iffin Stone Moscrop & Co DOCUS￿ Envelope ID". SFD8E7BlME6&448&9cfiA-2CAEOD￿s1sF INSPIRING GIRLS INTERNA710NAL LIMITED IA ¢cMnpany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EMDED 31 JULY 2023 16. Analysis of net •ss•ts b•tween lunds Icontinu•dl Analysls of net assets belween fund5- prlor year Unrestricbj fvnds 2￿22 Restricted fvnds 2022 Total funds 2022 Curren¢ assets Creditors dye within one Jear 143.313 18.1191 199.952 343,265 (8.119 Total 135.194 199.9S2 335.146 17. Recon¢ili•tlon of net movement in funds to net cash flow Irom opttratlng activities 2023 2022 Net incomelexpendituro for the {as per Ststement of Financol Activities) 155.8501 214,056 AdJustmonts for. Decreasel{increasel in debtors In¢reaselIdec￿a8el in cr￿itOrS 97.697 6.965 (156.313) {9.1591 Net cash provided by oyrating activib 48,712 48.584 18. Analysis of cash and cash equi¥alents 2023 2022 Cash in hand 198,545 149,833 19. Analysis of chang•s in net d•bt At 1 August 2022 Cash flows At 31 July 2023 Cash at bank and in h¥KI 149,833 48,712 . 198,645 149.833 48.712 198,$45 Page 25 Griffin Stone Moscrop & Co Dowsign En*w 10." 5Fo8E7wEW&￿2CAEl￿$2￿•SF INSPIRING GIRLS IKfERNATIONAL UNWTED IA company limited by guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Pension commithients The Cc¥npany operates a derM￿d contrtJyt*)n pension scheme. The assets of the scheme are held paratety from those of the Company in an indepènderttty admini$lered fund. Tha pension cost charge represents conlrknut￿$ payable by the Ccynpany to the fund and amounted k> £12.400 (2022- £2.4021. Included in cther creditus at the year end is ￿ anount of £2,24212022 - £5071 of outstandng pension ¢OnlrtsJt￿S due. 21. Other financlal commilments Al 31 Juty 2023 the Company has ente￿￿ into commitments amounts.ng lo £955.006 {2022 - £324,417) in resped ol funding for focal teams. These commrtments, extending unlfl 31 March 2026 are contingent on the receipt of recprcral ThYaTd d(rf￿ll0nS to the Ccrfnpany fr￿￿ existirvJ partners. 22. Related party transa¢i•ons During the to 31 Juty 2023 pro b)no legal afvt¢e * support was prov¥Jed by Dechert LLP. Ms. M. Gonzalez, one of the Truslees. was a partner tn thts fvm until 31 ()ecemb8r 2018. Thi8 SUPPOrt h88 been valued at £75.36812022- £76.6601. All mounts enumerated in the foregoing paragraphs have been r8cwised in Ihe accounts in accordan¢e with the disclosed poI￿Y for donated Se￿￿e5 and facilrtie$. Inclwjed in irKome from dona1p￿S duiing the year ended 31 Juty 2023 are ￿OUnts lotalling £3,000 12022- £4.0001 donated to the Company in lieu of fees paythle to Ms. M. Gonzalez. Page 26 Griffin Stone Moscrop & Co