Charfty registrntion numller 1179633 THE FEMALE LEAD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
THE FEMALE LEAD LEGALAND ADMINISTRAnVE INFORMATION Trustees Mr C R Humby Mrs E D Humby Miss R C Humty Charlty numbèr 1179633 Prlnclpal address 54 Sheffield Terr UFUted ngdoM W8 7114 Independent examlner
hn Howard FG4 Azets 2nd Noor, Resi5 House 45 lfjng Wlliam Street LONDON EC4R 9AN Unrted Kiwthn
THE FEMALE LEAD CONTENTS Page Independent eXamiS rewt Statement of financial acai4ryb Balan sheet Notes to the financial statemerts 7-11
THE FEMALE LEAD TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present thr rewt and Statem forthe year jed 31 Au$l2024. The Fal8 Lead wa$ formalty krbjhn as The E(kn"na Dn aThl Clive Humby Edwational Foundati¢)n. The finanaal statemerts have been prepared in 1lh Ihe accounlirvJ lIcIeS set (Krt in note 110 the financial statements and CoMY with the Charitae Incorpwated Organisation's goveming do(yJment, the Charities Act 2011 arbj °AcUb.ng atKI RerKy1ing by Charibes.. Statement of RecL)mwneWed Practice applicable to chants.es preparing thr in accordance wrth the Finana ReFKKting Standard applicable in the UK and Republic of Iland IFRS 1021" {as amended for acoyJrtiThJ wi(xJs commenarwJ from l JanLTrary 20161 Objectives and actlvltlgs The Charitable Incorporated organisali.$ thiects are to advaTKe suc eh3iitable purposes (according to the law of England and Wales) as the Trustees see fft from b.me in particular trt not limrted lo the advan¢ing of the education of young people ft)r putrfic by making ants arxj •rts, in partIcaar t4Jt Th)t exduswety to lil individual young persons-, lill educational organisth.ons and proiecls for young people" liiil community development organisab.ons and projects wfvch aim to frxlher the educion of. sUPPOrt 8r¥J ins"re young people.. liv) arts and sciences OrganisatThS ar¥J woie(ts thich aim to futhr the edLation of, supwt and inspire your#a people. The Trustees have paid due regard to guidance issued by the Clwity Commission in deudiTrJ vthat a¢Xrvtt¢es the Charitable InCOrped Organisation ShAd txjdertake. The Imstees make grwrt paymwts yific ¢7ihia set (Njt ty ts trusiees in accordance wilh the Charity's objectives. Achlevements and perfornmnce Global Reach and Impact The Female Lead Continues to fulfil rts thW[taL M1wc fOd emFthvennent of women. Our global audience has expe lo rrty 9 Nillion ErnIidUa1S. Thriyjgh cur plattcwms. we continue lo share drverse arKI inspiring rote models and narratives that pha resilwKe, inrN)v8tion, and empowe. Our organisation employs ccMnpellir#J storytelling Met1KleS. uThJerpinn&J by rigoroLLS searCh and fact- finding initiatives, to gather eviden that th811enges stereotypes. breaks barriers. end fosters a more inclusive society. The aim remains consistenl" to ueate an environment vhwe V¥rn feel empThv¥ed to pursue their ambiti'ons and reach tharfull Fyjkntial. Advocacy and Pollcy Infiuence The Female Lead serves as a pknrm that amF4tfs the of milh'ons of ¥ien at every age and stsge. highlighting th{ needs, wants. and eyriew. The irkghts Ve gthr ble us lo infiuenc£ the shaping of future policies and proce55es, tsulitating meaning thange in IKN Wers and organisations adapt to and engage theirwoTkforce of the future.
THE FEMALE LEAD TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Educational Impact l educational $OurceS develored by The Femate Lead. indu(fing h¥0 pubFished I)0kS and film5, are made aVailae free of charge to schods glctslty. 1h partIClar emphasis ¢)n institukns in the United lQngdom and the Unf(ed States. maintstn a strrmg prewKe a(xoss primary schtsjis. seL¥xwJary sth¢xrts. colleges, and universities. The chanty's educational paIgn cyerates thr 'Fwnale Lead kniebes.. enabling direct interaction vth our educator nets¥0 These so1[e$ utilise F#)wl resources dwned by women and gids, for women and girls. While not part of the fixed cJJrTtculum. our term-fe¢used sOurcS sb"mule debate arKI leadership development, helping studants anticipate and Overcor barriers presefited by s81 media and other societal pressures. Upon compleb.on of the three-term prc#3ramme and all shar8J re8C[ce$. partSC4pats'ng girts and schools receive Female Lead accfeditabon and certrficaion. In 2025, we succEssftJlly ho&ed our third 'lnspiring Gveers of the Future, event in London. This initiatwe provided students with opporbjntties to engage and question senicff representatives from dive fields in¢luding talent management, soc2al media. medThl rEs. law, aThJ SptsioUmol1sm. The SchoolsAmbassador Programme remains a Corse of The Female Lead's activth"es. aim to expand our current nefvrk of 1fh12 schcM)Is and 100 st1&ni ambass•kn over the forthcoming year. Research and Publlcallons Our commttment to research remnS uThvaverirvJ. A not)le Ilws year was the ¢omplebon of a comprehensive report examining the experiences of over 8.OC(J women retuming lo work after malernity leave. This groundbreaking st reveakd ValUae insights regarding women's eX[CtationS and how employers opb.mise policies and ir¥Juth"on procAsw to knlitate successfijl remm1ab and sustained engagement. Pub115hing and Dlgltal Engagement The Female Lead's PLfblishing divisi( has signthcatt gr(Aty1h ring this reForling peri¢xl. Our subscriber base, launched in late 2023 offering both free and premium content, has expanded to over 19,000 subscribers. Our content Strat f(th8es on stx key PdlaTS of FulfilmenL' SeK. Relationships. Health. Kbrk. Money, and Soryety. The Fujfilment FiThJer Survey. emplowro nr0$&t1C mettKKldcgies to explefe mottvabon and emotional drivers that influence work-lrfe balarte, cMtinLS to provide rith data insights. To date. this survey has ¢ollectÈd over 150,000 reS[f. Vthile fredy aoxE&fjikJe to indmduals, an enterprise VWSKsn is available to orgallisalions seeknng to assoss satisfaction and motNation kn1$ 7Mthin tsr worlrfOr. The resulting ir6ights equip leadership teams Vth a dear understaTrJing ofven.5 r5 and expetstions in the workplace. Future DlrKtlons Looking ahead, the Trustees are committed to twildirvJ upm these le¥em by: 1. Continuin9 to sh¥e tiriginal. impadful cor)ttt 2. Strengtheniro engagement wth our (icatl arKI Trughly engag&l o)mmunity Developing straegic part[[ShIps cryanÈLaticis emend OLEr reach arKJ InfluEr¥ Th& Twstees express thr sincere appre(aation to aff. volunteer5. partneTr. and 5UPP(¥ters vthho have contributed to another surxessftd year for The Fem Le*l. Financi•l review During the year, the CIO had total in¢ing res¢)urces of £111,108 {2023.. £243.0891. The CIO incJJrred direct expendtture of £31,617 12023.. £117.461), in relabon to futhring the Female Lead pro, through the distribution of bkS to schwls. researth and deYew ofthe Fuffilmerrt swvey.
THE FEMALE LEAD TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 It is the of the Charrtaiye Inc(¥pMJrated Organisakn that unrestri(aed fvnds which have not been de8ignalèd for a swfic use ts)ukl b? maintsined at a lovel equN•l¢nl to btheen th¢ and six month's expenditure. The Trustees consider that reserves at this levd will ertsure that. in the event of a sgnifiGant diop in ftjnding, they VAII b& able to the Chantabte IrKryrMNalei1 Otganisation's current actieS while nsideration is gThien to ways in addtlional fvrKls may raiwj. This level of reserves ha5 been maintaird throughout the yw. Structure. governan and maftaggm•nt The Charitable Incorporated Organisation is COntrDI by ty)NemlrKJ d(lThert a deed of trust, and conslilutes a Ch8rit8tAe Intxjrwrated Organisabcffi. The Trustees who 5eNgJ during Ihe year arKI up to dak of signature of the finamial Stat)ents were.. Mrc R Humby Mrs E D Humby Miss R C Humby Ro¢rultsn¢nt and appolntment of trustees Appt)intment for fixed term". . apart from the first charity trustees. every te aFpJinted for a temi of three years by a resoluiion passed at a txoperly convened meeting of the chanty trLtstees . in selecting individuals for appoÉntment as tharty trustees, the charity trustees mu3t have regard to the skills, know18dge and expernts needed forthe effeclive admirystratM)n of the CIO How declsions are made Any decision may be taken erther. . al a meeting of the charity trustees . by resolution in wnb.ng or eledronic form agreed ty a majcKTty of all of charity trustees. which may comprise either a sirtgle d(ment or several thMJrnents containing the text of the resolution in like fomi lo which a majority of ail of the ctarty trustees has sKJntfied their agrewnenL Such a resolution shall be effeth.ve provided thatr. (a) a copy of the proposed reso[ul has at or as near as rona practicable to the Same lime, to all of the charity trustees,. and {bl the majtyrty of all of ts charity Intslees has sbjnified agreemert to the resolubon in a doujmenl or d¢xuments which has or have been authenticated by their &gn8ture, by a ststement of their identity accompanwng the ¢nJment d0Ments. C in suth other marnw as ts tharity trustees have previously resow. aTrJ to the CIO at its tKmpal office or suth other pla as the trustees may resdve. Golng wnern The Truslees are very confident that income ar)d (kjnations wll be forthcoming and muc* more substantial in this coming year. This frJrec8St is based on the development of partrr5h1p tcrt)Is and capabilrties Ihal unlock value for a variety of major corwrations. The chariVs key assets K1 gU1rj win0$ will of course be maintained 81 all limes. In the Interim, the Trustees are committed to Suprbng the finaKial red5 of the charity guaranteeing that it remains financially viabte until thal incom is firnd. y Bowd ofTrustees. Mrs E D Humby Trustee Dated. 211.os l.tO2S
THE FEMALE LEAD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FEMALE LEAD I report lo the Trustees on my examination of the finarla1 Statern of THE FEhiALE LE4D {the Ch8fTtable Incorporated Organisationl far the year ended 31 August 2024. Reswnsibilities and basis of rgport As the Trustees of the Charitsble Inc you rvspm"tAe tr Ihe preparation of the financtal statements n accordance with the Lrements of the ChantiesArt 2011 (the 2011 Act). I report in respect of my examinat#)n ofts Chartt OryaThsEtion'$ finanoal ststements carried out under section 145 of the 2011 Art In ¢aY7ng out my examinakn I have fknwed all the applicable Directions given by the Chanty Commission urmjer se(aicffl 145(5){b) otthe 2011 Act. Indgpfrndont WAamlnerfs statement Your attention is drawn to the lact that tt ¢tsity has prepwBd firw> stat8menls in &COrdan Accounting and Reporting by chariti.es preparing thw"r ac¢ounl$ in aCc4jrdar with the Financ1 Reporting Standard applicable in the UK and Repubh"c of Ireland IFRS 1021 in preferen to the Accounting and Reporting by Charities". staterrt of RecommentsA Practice issued 1 W"12005 which is referred lo in the extant regulations bul has r#x been lththaTr. undeistsnd that this has been done in Cjrder fN financial statements to provide a true and fair view in accordan wrth GeneraItyACcep knxxmting Prac&. effectibfe ts reForlirwJ periods beginning on or after 1 January 2015. I have c£¥npleted my examinatim. I confimi that no mattws have Come to my attention in conneLton wrth the examination giving me cause to lieve thal in any mth.al resp& accounb.ng records we rK>t kept in resFttt of the Charitth Irated Organisation as required by seth.on 130 of the 2011 ACL or the finanaal statemerrt5 do not a(xx)rd W1h ttKise reLords: or the financial statements do not comply wilh the applKat4e reffjrirements ())nMIng the fomi and content of accounts set out in the Charitses IAc£ounts and Rermlrtsl Regulat$ 2008 thr than any requirement that the accounts give a and fair fftich is not a matter 85 P8rt of an iNlepen¢nt examination. I have no CA)ncems and have Lme no ots in CAneCtion *ryih the examination to which 8ttents.on should te drawn in this report in ¢yder to a Fryer undetstanding ofts finanaal statements to John Howard FCA Azets 2nd Fl¢Jor, Regis House 45 King Imlliam Street LONDON EC4R 9AN United Kingdom Dated.. .22.May.2Q25. ..
THE FEMALE LEAD STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE AccouKr FOR THE YEAR ENDED 31 AUGUST 2024 Unvgstrl¢ted Unrestricted funds funds 2024 2023 Inc nd ndowments from: Donations and legaaes Other income 52.327 58.781 49,857 193,232 Total Income 111,108 243,089 nditure Charitable activities 425,072 571,682 Ngt gxpendliure for the yearl Net movement In fvnds (313.9641 1328.5931 Fund balartss at 1 September 2023 (252,9021 75,691 Fund batsnce5 al 31 August 2024 {566,8661 1252,902) The ststement of fin8nc4al *ivibes indudes gairL4 ar¥J Ic6¥es recowL£ed m the year. All income end exPer¥jrtu derive frrxn c4>)tiwirwJ •J1¥es.
THE FEMALE LEAD BALANCE SHEET ASAT31AUGUST2024 2024 2023 Fix•d assets Investments Current assets Debtors Cash at bank and in hand 10,869 15.810 21.966 9.916 26.679 31.882 Credltorys: amounts falllng due Thlthln one year 10 (593,546) 1284.785} Net current liabilrties (566.86n 1252.903) Totsl assets current liabililles 1566.868} (252,902) Income funds Unrestricted fvnds- general {.866) (252,9021 1566.866) 1252,9021 Thefi 105124 bytheTneeSl......................... Mrs E D Humby Twst
THE FEMALE LEAD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 A¢¢ountlng pollcles Charty Infornm The Female Lead, fomally krKMn as The Edwina DUM aThJ Cli¥e HnbY Educional Foundation, is a Charitable Inc<xporateO Organisation (ClO}. 1.1 Accounting convention The financtal slatements have teen Fryjared in Ihe Chantsbte Irwrporated Organisation's goveming d0Ment, the Chanties Act 2011 and "Accwnting arKI Rerxjrtiry by Charibes.. Statement of Recommended Practice applicatAe lo charities preparing their acctyjnts in a¢xordance wth the Financial Reporting Slandafd applitble in the UK arKI Repu1¢ of IreL4nd IFRS 102)" {as amend&J for accounting periods commencing from 1 January 20161. The Chavilabk Ipaj Organi5th"on 1$ a Public Benefft Entity as deffin by FRS 102. The Charttalle Orgarysabw has tth •fvan of the Ffovisions in the SORP for charibes applying FRS 102 LJpdat8 Bulletin 1 ncrt to prepare a StateMt of Cash Flows. The financial statements we in erttsYJ, is the furKonal currency of the Charitable IncAJrporated Organisation. Mondary in these financial Ststern are munded to the nearest L The finanual stements have been Weped urKler the hi#tyi¢al cost The PFinrApal 8¢(x)unting polirAes adopted are set t beb#. 1.2 GoiTrg concern At the lirn& of approft9 the finarrial statements. the Trustees have a reasonable expecLion that the Charitable Incorporated 0Tg8niS8tn hag adequate resour$ to continue in operational e$tenCe for the foreseeable future. Thus Tntstees to •Jopt ts go concem basis of afxounting in preparing the finanu81 stst8mants. The Trustees are very CfMf¥Jent that Irome and thations will be forthcoming and muth more substantial in this MIng year. This f¢ast is based on the develoFKnent of partnetship tools and capabilities that unlock value for a variety of maicT cOrtp3rati8. Tr tharity$ key assets and guMliTrJ principle5 wll of r$e be maintained at al times. 1.3 Charttsblg funds Unrestricted knds are avalable for use * th& of the Trustees in furtherance of thelr tharitstrAe objectives. 1A Incornlng resources Income is recognised Wh Ihe CharitatAe lrKxWF(K (klSatiOn legdty titled to r( after any perfomance ttjndibons have teen met the amwnts can be measwed rdiabty. and it is probable that income 11 be received. Cash donats.ons are rets)gnised on r&wpL OUV donations are rwnis&J once the Charrtable IncortK)r8led Organisation has notified of the th)nation. unless pManCe condti1S requi deferral of Ihe amount. Income tax recoverable in rdation to lonS received undw GrtAid or deeds of covenanl is recognised at the lim& oftho donatson. 1.5 Resour •xpended Liabiltlies are recognised as exFerttMU as soon as thwe is a or o)nstrliVe oblwn commiiti'ThJ the charity to that expenditure. it is probable that a transfer of ecOr1C benefits will be required in settlement and the amount of the obligaion can be measur1 rdiabty. ExrAidtiure ts accounted for on an accrLtals basi5 and has been dassified under headings that aggregate all ¢xst related lo category. lthere costs cannot be direcuy attributed to particular hea(I"rys they have been alkM2t8d to aC*V[t on s Consistent the use of resour$.
THE FEMALE LEAD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng polkles IContlnu¢d) 1.6 Flxed asset Investments A subgidiary is an enttty cOntrled by the Cfontat4e oTrJaniSat. Control is the pJweT to govem the finanual and operating Fxyicies ofthe witity as to oblwn beneffts from its acbvibes. 1.7 Forelgn exchange Transadions in currenaes other than pounds sterfiryJ are rwdad at the rates of exchange prevailing at the d*es of the transactions. Al each reporting end date. monetary assets ar liabilities that8 denominatad in foln currenoes are retranslated at the rntes prevailiThJ on the reporting end date. Gains and losses arÈsing on tranation are irKajmel(exrEthbrE) forthe Donations and legacles Unr8strict•d Unrestricted funds fund5 general general 2024 2023 Donations and gifts 52.327 49,857 Other Incomg Unrtstrlcted Unrestrided funds funds generdl general 2024 2023 Other irtcome Bcx)k sales 46,459 12.322 191,404 1,828 58,781 193,232
THE FEMALE LEAD NOTES TO THE FINANCIAL STATEPAENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Charftsble aGtlvttles Dlrn Costs 2024 Dlrect Co$ts 2023 Fulment FirKler survey Photography and printing costs BcN)k publishing Consuttancy Costs 360 700 3,778 112,623 11,617 20,000 31,617 117,461 sha of support costs (see note 5) sho of g0Veman costs (see note 5) 231.029 162,426 345,820 108,401 425,072 571,682 Support costs 2023 st $ts Travel and transp)rt costs omputer costs Sundry costs Bank Charges AthrtiSg costs 205.995 205,995 281,018 281.018 2.422 18,803 2.422 18.803 18.710 30.202 15,890 18,710 30,202 15,890 157 157 Legal antl professional AcLOUlltancy fees 154.381 154.381 8.045 102,066 6,335 102,066 6,335 231.029 162,426 393.455 345.820 108,401 454,221 Trustee8 remunorntion and boneflis None of the Trustees lor any persons cffinethd 11 them) rec£ived any remureration or ben8fits frorn the Charitable Inujrporated Organisation during tre ye*.
THE FEMALE LEAD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Employees The average monthly number ofemth&s dwirKJ year 2024 Number 2023 Numbor Employees Employrnent Costs 2024 2023 es and salaries Soual sewrity L Other pensson cosls 186,260 15,378 4,357 250,730 22,290 7,998 205,995 281.018 During the finanryal year Ihere V•pre no empw *tKsse anThJal remwwation was £60,(M)O or more. Flxed &8s•t investments Other Investmgnts Cost or valuation At 1 September 2023 & 311St 2024 Carrying amount At 31 August 2024 At 31 AaUst 2023 2024 2023 Other investments comFxise: 12 10-
THE FEMALE LEAD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Amounts falllng duo wlthln one year. Amounts owed by subw'diary undknr Other debtors 18,368 3,598 10,869 10,869 21,966 10 Creditors: amounts falllftg wlthln on• y•ar 2024 2023 Amounts Dd to subsKliary UjertaklngS other creditors Accruals and deferr&J income 6,091 580.000 7,455 280,000 4,785 593,546 284.785 11 Related party transactk)ns During the year. the Charity drew a totd ot £300.000 (2023: £280,000) in bans from Mrs E D Humby, who is a trustee. Tr loans are interest arnl reFoyable on the &ie[ of (i) the second anniversary of the agreement dates, lil) on an exil. During the year, the Charity paid £108,91X) I223. £69,3LN)) for Servi from Rlk)mu Limited. a Company connected to a Trustee. These seNS were Kyowded armsAength bass urthr Rhomu's charity rale. 12 Subsidlarlos Fale Lead Enterprises Ltd is a kYive limited company. registe number 13766608. The MpanY was incorporated on the 26 November 2021 and 1()Yk of ts £1 ordinary share pital is owned by The Female Lead. At the year end 31 ALUUSt 2024, the *xx)unts fwe Tr)t been consolidated into the acnts of The Female Lead due to the subsidiary not beiry material. subsidiarfs yeaf end is 31 Awust 2024. aThJ the frAlcMiTrJ was noted.. Profft and LossArLtyJrt Tumover Cost ol sales Administration expereS 67,050 {01 Profil for the finanrAal periL)J 61,902 The subsHliarYs net a55ets as at 31 August 21J24 we £1. 11