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2025-05-31-accounts

ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2025

IAMTHECODE FOUNDATION

(Charitable Incorporated Organisation)

CHARITY REGISTRATION No: 1190134

Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ

IAMTHECODE FOUNDATION

(Charitable Incorporated Organisation)

CONTENTS

Page 3 Legal & Administrative Information
Pages 4 to 7 Trustees' Report
Page 8 Statement of Financial Activities
Page 9 Balance Sheet
Pages 10 to 17 Notes to the Financial Statements
Page 18 Independent Examiner's Report

2

IAMTHECODE FOUNDATION

(Charitable Incorporated Organisation)

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1190134 DATE OF REGISTRATION 26th June 2020 START OF FINANCIAL YEAR 1st June 2024 END OF FINANCIAL YEAR 31st May 2025 TRUSTEES AT 31ST MAY 2025 Marianne Eve Kane Jamme Patrick Taylor (Appointed 10th November 2024) Sarah Evans (Resigned 31st May 2025) Nathan Kirton (Resigned 30th September 2024) LEGAL STATUS Charitable Incorporated Organisation GOVERNING INSTRUMENT CIO - Foundation Registered 26th June 2020

OBJECTS

For the public benefit: 1 . To promote and advance education, in particular, but not exclusively, among young women and girls in STEAMD subjects (Science, Technology, Engineering, Arts, Mathematics and Design) to be undertaken across Africa, The Middle East, Europe, Latin America and Asia. 2 . To promote gender equality and diversity in STEAMD industries in particular by, a ) Improving education and skills among women and young girls and to provide them with opportunities for employment in the STEAMD industries. b ) Providing advice and support to the public and private sector bodies on policy and how to engage young women and girls in STEAMD industries. c ) Raising awareness of and cultivating a sentiment in favour of equality of women and diversity.

CORRESPONDENCE ADDRESS

CORRESPONDENCE ADDRESS 147 Yew Tree Drive Bellfield's Guildford Surrey GU1 1NZ PRIMARY BANKERS Santander UK Plc 2 Triton Square Regent's Place London NW1 3AN INDEPENDENT EXAMINERS Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ

3

IAMTHECODE FOUNDATION

(Charitable Incorporated Organisation)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31ST MAY 2025

Summary of the Purposes of the Charity

IAMTHECODE is (an African led global movement designed to mobilise government, private sector, and investors to advance to invest in STEAMD (science, technology, engineering, arts, mathematics, entrepreneurship, arts, and design) Education. Our mission is to build a generation of 1 million women and girls coders by 2030. Through technology and digital literacy training, IAMTHECODE is tackling the current global STEAMD skills shortage in marginalised communities.

Summary of the Main Activities

• Mentorship is a cornerstone to the iamtheCODE program providing girls access to real role models with experiences to help them grow their ideas and knowledge of the world. More than 520 mentors are involved in IAMTHECODE’s work.

• IAMTHECODE has trained and exposed over 550,000 young women and [AK1.1]girls’ learners in 89 countries to STEAMD education, including through over 900 events and virtual meetings. The main formats of these educational opportunities are described below.

• SDGs Hackathons are a code-a-thon where developers, designers, hackers, students, entrepreneurs and educators gather to collaborate on projects including applications, software, hardware, data visualization and platform solutions.

• The IAMTHECODE learning platform offers 65,000 courses to students with free learning content related to STEAMD and the SDGs. Young people, many with limited educational and professional opportunities, can work towards certifications for their professional and personal development.

• Digital club is a physical safe space and an environment where a variety of technologies and innovations are used to enable the next generation of digital leaders to learn about STEAMD education and be prepared for 21st Century learning.

Contribution Made by Volunteers

• Volunteers from Salesforce have mentored the girls for more than 12 weeks. Providing Digital, AI and computer literacy skills.

Achievements and Performance

Summary of the Main Achievements

• More than 550,000 learners including women and girls have been trained and exposed to “STEAMD” education throug online courses and mentorship programs with over 520 volunteers within global organizations as well as local communities. Programs are in 89 countries across Africa, Brazil, Georgia, Jamaica, Philippines South Africa, Kenya and the UK included:

• Digital Clubs ran in the UK and South Africa supported girls to learn how to code, understand how they are connected to the sustainable development goals, and how they can use technology to make meaningful change in their lives and their community.

• 12-weeks mentorship programs in partnerships with Salesforce and Mastercard built transformational relationships sharing skills, values and knowledge. Topics included Digital Skills, Coding, how to write a CV, Interview Preparation, Marketing Strategies, Making a Personal Plan, Storytelling.

• Wellbeing Clubs - Peer-to-peer wellbeing clubs remain very active across the program, continuing to provide safe spaces where young women and girls can support one another, share experiences, and build resilience. These clubs play an important role in strengthening community bonds, promoting mental wellbeing, and encouraging open dialogue among participants.

4

IAMTHECODE FOUNDATION

(Charitable Incorporated Organisation)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MAY 2025

• Mentoring - Continued exposure to new ideas from renowned leaders through a podcast featuring entrepreneurs, storytellers, educators, artists, writers, digital leaders and philanthropists to motivate the next generation of young people through their unique journeys. Also telling the stories of community leaders, young girls living Kakuma Refugee Camp and other girls exposed to iamtheCODE who have demonstrated authenticity, courage, resilience and integrity in their leadership and day to day life.

The Charity’s Principal Sources of Funds

Much of the funding for IAMTHECODE is non-ringfenced (e.g. individual donations), however funding from the MasterCard Foundation, UN Women, PWC, UNHCR, Private Donors funding remains ring-fenced as per updated scope/agreement. Philanthropic funds from these organizations are earmarked for specific programmatic elements, as well as institution-building investments, such as governance, accounting, insurance, etc, and tracked accordingly.

A Description of the Principal risks Facing the Charity

• Key person risk: Largest risk to organisation is degree of activity CEO plays a myriad of strategic, fundraising and operational roles, a very broad spectrum of activities. Funding has been allocated to recruit key talent, such as a COO/Project Director resource and thus far the search has resulted in short-term solutions only.

• Training and Capacity Building: As iamtheCODE continues to expand its global programs and partnerships, the organization has recognized the importance of strengthening internal capacity and ensuring that distributed team members have consistent and timely access to operational and reporting information. In earlier phases of growth, challenges occasionally arose in coordinating information flows across a geographically dispersed team, particularly in relation to donor reporting and program documentation. To address this, iamtheCODE has implemented strengthened internal governance processes and digital infrastructure to support effective knowledge management and operational coordination. Centralized platforms—including OneDrive for document management, Slack for internal communication, and Monday.com for project and workflow tracking—have been adopted to ensure that key information, reporting materials, and program updates are systematically shared across teams. These systems are continuously monitored and refined as part of the organization’s commitment to transparency, operational efficiency, and fiduciary responsibility. Regular internal reviews are conducted to ensure that processes remain fit for purpose as iamtheCODE scales its global operations and maintains compliance with donor

• Risk and Mitigation: As iamtheCODE operates across multiple countries with a largely remote and distributed team, there is a potential risk of information gaps or delays in accessing documentation required for program management and donor reporting. To mitigate this risk, the organization has implemented centralized digital systems and structured informationsharing protocols across all teams. Key documents and reporting materials are stored in OneDrive, operational coordination is supported through Slack, and project tracking is managed via Monday.com to ensure visibility and accountability. In addition, routine internal reviews and team check-ins are conducted to ensure that information flows efficiently and that staff have the tools and guidance needed to meet operational and compliance requirements as the organization continues to scale.

Structure, Governance and Management

Trustee Selection Methods

Trustees: Lady Marieme Jamme, Nathan (left the board Sept 2024) Kirton, Patrick Taylor and Sarah Evans (left the board endMay 2025)

Selection of new Trustee is brought to the board for review and approval. If approved, the needed qualifying checks are then performed prior to formal induction.

1) Developing

a. Developing appropriate policies & frameworks for governance for IAMTHECODE, including AML/ABC (financial), stewardship, digital/cybersecurity, assess level of insurance cover, risks in place.

5

IAMTHECODE FOUNDATION

(Charitable Incorporated Organisation)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MAY 2025

2) Review

c. Review quarterly & annual accounts for filing with HMRC;

d. Review MI/Published KPI data for funding proposals and to ensure transparency of funding information for key donors & grant giving bodies.

Policies and Procedures Adopted for the Induction and Training of Trustees

· Due diligence is done on counterparties IAMTHECODE works with – in general these are large multinational organisations with global reputations.

· IAMTHECODE Board/volunteers, each have to provide proof of ID – and also complete a DBS check and equivalent.

· A Code of Conduct for partners of iamtheCODE is in place to promote and encourage the absolute integrity of all partners. The Code of Conduct applies to all iamtheCODE Partners and their employees, temporary workers, agents, subcontractors, and similar individuals or entities. iamtheCODE Partners refer to any party that provides products/content or services in conjunction with the iamtheCODE programme.

The Charity’s Organisational Structure

Trustees: Marianne Eve Kane Jamme, Patrick Taylor.

Advisory Board : Marianne Eve Jamme, Basetsana Kumalo, Martha Lane Fox, Cynthia Jacobs, Advisory board meetings will be held 2-3 times per year.

The iamtheCODE Board of Advisors - Workstream lead team help ensure that the initiative remains true to its mission. Members will advise The Advisory Board and Board of Trustees and play a unique role during the next four years. The iamtheCODE Board Advisors will lead workstreams in the following areas:

1. Fundraising and Partnerships.

2. HR, Legal, Governance.

3. Communications.

3. Marketing.

Relationship with any Related Parties

The iamtheCODE success would not have been possible without our partners and backers such as UNICEF, The World Economic Forum, UN, UN-WOMEN, UBS Optimus Foundation, Unilever, EY, Coursera, Government of Kenya, BTU, UNHCR, Mastercard, Microsoft, Salesforce and the Foreign Office.

6

IAMTHECODE FOUNDATION ICharitatAe Incorporated Organisationl TRUSTEES. REPORT Icontlnuedl FOR THE YEAR ENDED 31ST MAY 2025 Trustees. Responslbllltles The trustees are responsible for preparirvJ TrUSt￿s, ReFrfXt and the financi41 ststements in accordan￿ with appluble Lsw and the Generally Accepted AC￿IntIng Pri￿￿5 IGAAPI irKI￿lIng Finarrial Rep)rting Sta[￿ard 102.. The Fin8nual Rew)rting Stsndard appI￿a￿le in the UK and ReputAic of IreLaThY Iunited KirvJdom Generally Accepted Accountiry Practi￿1. The Ch8rbtNg8 Act 2011 requir8 tr￿te@S to pre[￿9re fina￿￿81 stsiements for fin8ncig1 year which give a tru8 and fair Vi8w of th8 Stale of affairs of the CIO and CA th8 s￿rpluS or dthrt of the CIO for that period. In pr8pariro thoBe financigl state￿nIS the trustees are required lo.. Seknl suitable accountsr¥J aF￿ th8ffl consistent￿. Observe the methL￿S a￿j principk5 in CharrtE5 SORP.. Make jltyements and eslimaies Ihat are reasonable prLthnL stste whet￿r appliGqtrA8 iJK A¢¢cwntiry Slandard$ have trKen f￿￿￿ve￿ subpct to any rnatgrfal departures dis¢kJ8ed and exrAained in the fina￿￿81 ststemen Prepare financial statements on t1￿ COr￿ern b3Si5 urkn il 15 inappropriate to presume that th8 CIO will contlnue In 8x15tene8. The trust88s are r8SW$it for kee￿￿J tountirrfJ r•ecKds that dL4ebJs• wilh r8aSona￿O aeeuraey at any Ilme tho financial positi(￿ of the charity arKJ enable Ihem lo ensur¢ thai t1￿ fiThancral siatements cornply wilh the Charities Act 2011. th Charity (Accounts aThJ Repv)rtsl ReguLatK)ns 2008 and pro¥isth$ ol GovemiNJ Exturnent. They are also responsibl for safeguarding the asststs of the charlty and iakiTvJ roasonabla sw tsr tha pravantkn and detoctbn of traud and other Irrtsgularilio$. APp￿D¥ed bytheTrust8es0n.......................... S￿n8£Y on thglr behalf by Trustee ... ...... ... . Prlnted Name.. Marianne Eve Jamme

IAMTHECODE FOUNDATION

(Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MAY 2025

Notes
INCOMING RESOURCES
Incoming Resources from Generated Funds
Donations, Grants & Legacies
3a
Other Incoming Resources
3b
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Costs of Generating Funds
Cost of Charitable Activities
4a
Governance Costs
4b
TOTAL RESOURCES EXPENDED
NET INCOMING (OUTGOING) RESOURCES
Funds Brought Forward
Transfer Between Funds
Exchange Rate Gains/(Losses)
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2024/25
2023/24
£
£
£
£
268,212
-
268,212
373,546
-
-
-
1,569
268,212
-
268,212
375,114
107,079
118,831
225,910
226,298
3,729
2,470
6,199
8,560
110,808
121,301
232,110
234,858
157,404
(121,301)
36,102
140,257
476,343
146,762
623,105
482,808
8,000
(8,000)
-
-
(589)
-
(589)
40
641,158
17,461
658,619
623,105

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 10 to 17 form part of these financial statements.

8

IAMTHECODE FOUNDATION ICharitatAe Incorporated Organisationl BALANCE SHEET AS AT 31ST MAY 2025 UnrestrKted Restricted FurYJ5 FurYJ5 TOTAL 31.Ma￿25 TOTAL 31.May-24 Flxed As50t5 Tangib￿ A55ets Investment5 Totsl Flxed Assots Current A55ets Debtor5 & Prepayment$ Cash at Bank and in Hand Total Curront Assets 671.836 675,836 17.461 17,461 689.297 693,297 646.265 646.265 Cr•dltors'. Amounts lallng due wRhin one year 18.428 18.428 6,909 NET CURRENT ASSETS 657,408 17,461 674,869 639,355 TOTAL ASSETS 1898 current liabililie8 657,408 17A61 674,869 839,355 Credltor#'. Amounts lalllrrfJ dL* In Ihan one year 10 16250 16,250 16,250 NET ASSETS 641,158 17,481 658,619 623,105 Fund•ofth•Cha￿ty Ge￿ra1 Fun¢$ Re$tri¢te¢ Fund 641,158 641,158 17,461 476,343 146,762 17.461 Totsl Fund• 641.1S8 17.481 658.619 623.105 Approved by the Trustees on.......... SkJne(J on trelr behalf by Trustee ..... Prlnted Name.. Marianne Eve Jamme

IAMTHECODE FOUNDATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2025

1. ACCOUNTING POLICIES

Basis of Preparation & Assessment of Going Concern

Basis of Preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

▪ the charity becomes entitled to the resources;

▪ the monetary value can be measured with sufficient reliability

Incoming Resources with Related Expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax Reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services have been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts.

Investment Income

This is included in the accounts when receivable.

Investment Gains and Losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

10

IAMTHECODE FOUNDATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2025

1. ACCOUNTING POLICIES (continued)

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.

Grants with Performance Conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

Grants Payable without Performance Conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.

Investments

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.

Unrestricted Funds

These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.

Restricted Funds

These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.

Designated Funds

These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.

Fixed Assets

Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:

Fixtures, Fittings and Equipment

25% - Straight Line Basis

2. TANGIBLE FIXED ASSETS

The CIO held no fixed assets during this or the previous financial period.

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st May 2025: None

31st May 2024: None

11

IAMTHECODE FOUNDATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2025

3. INCOMING RESOURCES

a) Donations, Grants & Legacies
Gifts & Donations
Grants Received
b) Other Incoming Resources
Sundry Income		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2024/25
2023/24
£
£
£
£
268,212
-
268,212
261,618
-
-
-
111,927
268,212
-
268,212
373,546
-
-
-
1,569
-
-
-
1,569

12

IAMTHECODE FOUNDATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2025

4. RESOURCES EXPENDED

a) Cost of Charitable Activities
Activities & Events
Administrative Expenses
Advertising & Publicity
Bank Charges
Consultancy Costs
13
Equipment Costs
Gifts & Donations
Insurance Costs
IT Costs
Licenses & Subscriptions
Postage & Stationery
Printing Costs
Repairs & Maintenance
Sundry Expenses
Telephone Costs
Training Costs
Travel & Subsistence
Website Costs
`
b) Governance Costs
Independent Examiners Fees
9
Legal & Professional Fees		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2024/25
2023/24
£
£
£
£
3,050
14,222
17,272
29,959
68
-
68
564
3,340
1,065
4,405
5,629
1,958
419
2,378
1,671
59,230
8,419
67,649
51,501
1,822
15,120
16,942
29,649
1,093
-
1,093
621
817
-
817
867
4,576
298
4,874
5,656
1,595
-
1,595
395
480
695
1,175
2,658
7,190
794
7,984
9,001
9,587
-
9,587
7,070
334
1
335
603
34
534
568
580
58
-
58
900
11,323
76,318
87,641
76,348
522
946
1,468
2,625
107,079
118,831
225,910
226,298
1,320
-
1,320
1,260
2,409
2,470
4,879
7,300
3,729
2,470
6,199
8,560

13

IAMTHECODE FOUNDATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2025

5. RESTRICTED FUNDS

CURRENT FINANCIAL YEAR

MCF Fund
UBS Fund
Relativity Gives Fund
United Nations Development Programme		 Balance
Balance
01-Jun-24
Income
Expenditure
Transfers
31-May-25
£
£
£
£
£
105,606
-
88,145
-
17,461
17,654
-
17,654
-
-
8,000
-
-
(8,000)
-
15,502
-
15,502
-
-
146,762
-
121,301
(8,000)
17,461

PREVIOUS FINANCIAL YEAR

MCF Fund
UBS Fund
Relativity Gives Fund
United Nations Development Programme		 Balance
Balance
01-Jun-23
Income
Expenditure
Transfers
31-May-24
£
£
£
£
£
38,309
79,416
12,118
-
105,606
17,654
-
-
-
17,654
8,000
-
-
-
8,000
34,433
32,512
51,443
-
15,502
98,396
111,927
63,561
-
146,762

The restricted funds held are wholly represented by the CIO's cash reserves and are to be expended as specified above.

14

IAMTHECODE FOUNDATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2025

6. INVESTMENTS

The CIO held no fixed asset investments during this or the previous financial period.

7. CASH AT BANK AND IN HAND

Unrestricted Restricted TOTAL
TOTAL
Fund Fund 31-May-25
31-May-24
£ £ £
£
Cash at Bank & in Hand 671,836 17,461
689,297
646,265
671,836 17,461
689,297
646,265
8. DEBTORS AND PREPAYMENTS
Sundry Debtors		 Unrestricted
Fund
£
4,000		 Restricted
Fund
£		 TOTAL
TOTAL
31-May-25
31-May-24
£
£
-
4,000
-
4,000 -
4,000
-
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Independent Examiners Fees
Sundry Creditors		 Unrestricted
Fund
£
1,320
17,108		 Restricted
Fund
£		 TOTAL
TOTAL
31-May-25
31-May-24
£
£
-
1,320
1,260
-
17,108
5,649
18,428 -
18,428
6,909
10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
Unrestricted
Fund
£
Loans - Accur8Global Limited
16,250		 Restricted
Fund
£		 TOTAL
TOTAL
31-May-25
31-May-24
£
£
-
16,250
16,250
16,250 -
16,250
16,250
11. NET ASSETS BETWEEN FUNDS
Fixed Asset Investments
Net Current Assets
Long Term Liabilities		 Unrestricted
Funds
£
-
657,408
16,250		 Restricted
TOTAL
TOTAL
Funds
31-May-25
31-May-24
£
£
£
-
-
-
17,461
674,869
639,355
-
16,250
16,250
641,158 17,461
658,619
623,105

15

IAMTHECODE FOUNDATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2025

12. STAFF COSTS AND NUMBERS

Gross Wages, Salaries & Fees
Employer's National Insurance Costs
Pension Contributions
Consultants who were engaged in each of the following activities:
Activities in furtherance of organisation's objects		 TOTAL
2024/25
£
67,649
-
-
67,649
TOTAL
2024/25
6		 TOTAL
2023/24
£
51,501
-
-
51,501
TOTAL
2023/24
6

The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments of over £60,000 (2023/24:None). The Charity employs Consultants on a self-employed basis and is therefore not subject to taxation or National Insurance Costs.

13. TRUSTEES AND OTHER RELATED PARTIES

During the financial period Trustee Mrs M. Jamme received £26,560 (2023/24:£26,750) in fees for services provided in furtherance of the Charity's objects.

During the financial period Mr P. Jamme (Relation to Trustee Mrs M. Jamme) received £1,150 in fees for services provided in furtherance of the Charity's objects.

During the financial period ended 31st May 2023, the Trustees of IAMTHECODE agreed to obtain an interest free loan from Accur8Global Limited (Registered Company Number 13647246) to further the Charity's objects. Trustee Mrs M. Jamme is also a Shareholder of Accur8Global Limited (Registered Company Number 13647246) and all conflicts of interest have been identified, documented and managed accordingly.

No other payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them.

14. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

15. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.

16

IAMTHECODE FOUNDATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2025

16. PUBLIC BENEFIT

The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.

17

IAMTHECODE FOUNDATION

(Charitable Incorporated Organisation)

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees/ members of IAMTHECODE Foundation on the accounts for the year ended 31st May 2025 set out on pages 8 to 17.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Accounting Technicians.

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

K. Collaku MAAT

Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ

Date: 31st March 2026

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