Charity règistration numbèr 1195284 TECH SHE CAN ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
TECH SHE CAN LEGAL AND ADMINISTRATIVE INFORMATION Trustees A F Stevens P Hammond B Higgin P Guha MBE K Thompson Charity name Tech She C8n Charity number 1195284 Prlnclpal address The Coach House Golden Square Henfield Wesl Sussex BN5 9DP Audltor SumerAudil Amelia House Crescent Road Worthing Wesl Sussex BN11 1RL Co-chlef Executlve Offlcers Chief Operating Officer Sheridan Ash MBE and Dr Claire Thorne Robyn Howard Bankers National Westminster Bank London Bridge Branch 10 Southwark Street London Bridge SE1 1TJ Management accountants Carpenter Box Amelia House Crescent Road Worthing BN11 1RL
TECH SHE CAN CONTENTS Page Trustees, report Slalemenl of trustees, responsibilities Independent auditorfs report 8-10 Statement of financial activities 11 Balance sheet 12 Slalemenl of cash flows Notes to the financial slalements 14-26
TECH SHE CAN TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Iruslees present their annual report and financial stslemenls for the year ended 30 September 2025. The Iinanaal statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the charity's CIO Association Constitution, the Charities Act 2011 and 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Stsndard applicable In the UK and Republic of Ireland IFRS 1021" leffeclive 1 January 20191. Objectives Tech She Can exists for the public benefit lo pursue such charitable objectives, including but not limited to, advancing the education of the public in general {and particularly girfs and women) in the field of technology, by". Advancing the education of young people as to how technology is used in different industries and the breadth and depth of technology careers through the provision of resources and services to educational institutions-, Working with key stakeholders, educational inslilulions and policy-makers lo promote equality and diversity within technology and technology Careers and share best practice initiatives that help lo allract, relain, develop and advance women in the workplace., Promoting change in the workplace through formal work experience programmes, internships and women- friendly apprenticeships lo increase the number of women working in technology roles in the UK", and Conducting and commissioning research and analysis on gender issues related to technology and publishing these results for the public benefit. Activities We bridge the gap between industry, education and govemmenl, representing many VolS. We are supported and funded by a growing nelwoik of strategic partners from industry and Foundalionsrtrusts. Our network of schools and our engagement with local, regional and national govetnmenl Is also growing. Our Tech She Can initiatives are informed and supported by these partners and voices lo ensure we provide educational and inspiring interventions and pathways that ultimately support our mission.. lo change the ratio of women in technology. For 2024125 we have transitioned from a 'Strategic Partners, model to gaining more funding from ddivery partners who have provided dedicated sponsorship for specific activities such as the delivery of LIVE lessons. animated lessons, Career Insight Days, bespoke one-off summits, champion sessions, teacher Continuing Professional Development ICPDI and targeted regional in-school delivery by our teachers. Our activities for 2024125 have covered.. 'Tech We Can. tech careers educational resources- free for all schools: We have continued to create bespoke designed virtual LIVE Lessons and Assemblies and deliver them via Microsoft Teams webinars throughout the academic year. These lessons and assemblies continued lo be streamed online on-demand to watch on playback. They are suitable for ages >14 years li.e. up to the critical pr&GCSE decision stage) and sponsored by industry partners le.g. this year Accenture, Lloyds Banking Group, Quickline, Eduthing, RAFCT, and Deutsche Bank). These LIVE lessons lake complex, rea worfd tech products and applications and turn them into inclusive, engaging themes that inspire children. They". Are designed by teachers for teachers. Start with children's passions and curiosity, connecting what they see in the wodd to the people and roles behind the technology. Place crealivily and active leaming at its heart, helping students explore how technology ts¢kles global challenges. Are delivered as assemblies Ibroadcasl-only, with follow-up resources) or interactive lessons {including breakout sessions and real-time participalionl. Feature real-life relatable industry role models. are cross-curricular, fulure-focused, and mapped lo curriculum objectives and Galsby benchmarks.
TECH SHE CAN TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025 We have continued lo create our Animated lessons, 'Katie and Tex explore... for ages five years onwards to encourage 'lech curiosity. amongst our youngest audiences. This year we have created five new animations Iwe now have a lotsl suite of 17 animalionsl. This year's animated lessons were focused on.. 'Responsible Al' sponsored by Accenture 'Al for recycling ocean plastic, sponsored byAccenture 'GPS' sponsored by The RAF Charitable Trust IRAFCTI 'Biomelrics' sponsored by RAFCT 'WiFi' sponsored by Qui¢kline In¢lu$lvo workplace èxperiencas - fr88 for all schools: We have continued to worf( with our partners to host five more in-person Careers Inslght Days in our partners, workplaces. This year we have designed, delivered and hosted Careers Insight Days with HSBC, Kraken, Morgan Stanley and Paragon Bank in locations across the UK. These experiences open the doors of our industry partners, offi'ces Offering secondary-age children, from schools in disadvantaged areas, an immersive, behind the scenes experience and practical career guidance. We run these for different age groups. for example 13-14 year old girfs right before the point of GCSE subject selections. We focus specifically on girls who meet some of the following criteria, ensuring we reach those who most need this kind of experience.. Meet pupil premium criteria Identify as female or transgender Ethnic minority background Parents did not attend university or higher education No current tech role models, for example, Parents don't currently work in the tech sector Are not currently considering a future career in technology This year we hosted our first Careers Discovery Day, with Barclays, responding lo an industry need lo grow and diversify the lalenl pipeline accessing apprenticeships. These workplace experiences are aimed at an older age group (ages 16-181 than our Careers Insight Days and are created to guide attendees into specific apprenticeship or career pathways al the hosting organisation. In school experiences - free for all schools.. This yèar, we've ¢onlinued with the second year of two mulli-year programmes in partnership with industry- deploying regional Tech She Can teachers in Coventry (with Coventry Building Society) and Yorkshire Iwth Quicklinel for in-person lessons in classrooms, regularly reaching the same cohorts of children over many years in order lo change perceptions of who canldoes work in technology roles, what these opportunities are and lo build Curiosity into how technology can solve problems - and sustsin that change. We've continued to deliver tech-enrlched workshops in which our Tech She Can teachers deliver an hour-long workshop into classrooms, sponsored by industry partners. The workshops are delivered in schools in UK regions considered most in need. Using ipads, robots, and brought to life with real-world tech applications. students experience technology in action lo help them begin lo see themselves in future tech careers. Large scale experlences and events - free for all partlclpatlng schools: We hosted the UK'S first inclusive Al Summit for schools.. our inaugural 'Girls in Al summit,. in partnership with Ac¢enlure. for International Women's Day 2025. 224 12-year old girls from North West Manchester were invited to attend and Summit featured partners.. Barclays, Chanel. Adobe, DSIT, Jaguar Land Rover, Kraken, Microsoft. Natwest, Nvidia and Open Al. Tgachor experiences - free for all schools: This year. we've partnered with Infosys lo deliver virtual Teacher Continuing Professional Development ICPDI experiences and resources covering both primary and secondary school training to upskill the teachers as the biggest influencers of our target audience. Industry champions.. Our national volunteering scheme allows employees from our industry partners to sign up and become a Tech We Can Champion - securing a DBS and receiving training in our educational resources so that they can deliver the material into UK classrooms virtually l iTrperson. We have continued with this offering and created multiple cohorts of Champions with partners induding Nalwest, UST, AXA, LMAX, East Midlands IOT and Develop. National Inspiration Campaigns- We partnered with IBM and Sane Seven lo launch a national perception change campaign over social media in February and March 2025. We codeveloped the concept and creatives for a campaign which profiled six young girf5 working with volunteers al IBM to modify a robot that enabled Kat Panagaki paraly5ed photographer - lo return lo her work behind the lens. The campaign showed inclusivity in designing technology and aimed to change perceptions about who can and should work in technology.
TECH SHE CAN TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025 Achievements and perfomiance The Trustees Consider 2024125 to be a successful year in which the Charity has continued lo increase ils impact by delivering on its objectives with initiatives focussed on a broad UK reach as well as by providing deeper engagement with those that need us most in areas of low social mobility and high deprivation. Despite challenging market conditions affecting ambitious funding targets set at the beginning of the year, the charity has seen another year of growth in income, headcount, nLJmber of industry partners, reach and impact. Tech She Can has successfLJlly responded to the needs of OLJr industry partners by extending our offer to young women embarking on work andlor further education, diredy connecting them to real opportunities such as apprenticeships. The reach and impact of our resources and experiences have continued to grow.. We track.. The 'direcf reach of our educational resources. Our conlenl is delivered live either virbjally via Microsoft Teams or in-person in UK classrooms and our cumulative direct reach is now 235,846 students from 23 July 2021 (the dale we achieved charitable stalusl to 30 September 2025. Our direct reach in 202412025 is 105,846 students lan increase compared lo 75,000 in 20231241. The 'on-demand' reach Ilhe playback of a LWE lesson or Assembly). Our on-demand lessons and resources have reached audiences over 980,000 times from 23 July 2021 Ithe date we achieved charitable slalusl lo 30 September 2025. Our on-demand reach and on-demand lessons have reached audiences 442,224 times in 202412025 lan increase compared to 362,778 in 20231241. Largest reach in a single day". our Cyber Security LIVE lesson on Safer Intetnel Day in collaboration with RAFCT (delivered in February 20251 directly reached +60,000 students surpassing our highest ever reach in a single day compared lo +40,000 in February 2024. and a further +20,000 lon-d&m&n(fj post launch over the rest of the year. Our national volunteering scheme now has +130 active (compared to go last yearl Champions delivering in classrooms onelmore limes, from cgo different organisalions across the UK, and we have expanded, launching Champions offers internationally in India and the US. We continue to priorilise reaching those that need us most. Almost 600A of our students are from low socloeconomlc backgrounds. Our priority schools are guided by the Social Mobility Commission's Slate of the Nation report and the Sutton Trust's Opportunity Index. This year our highlights in impact have been.. After attending the Girls in Al summit, 99% of students were able to describe what Al isldoes (compared to only 1 OQ/o before) and over 90Q said that young people's thoughts should be considered when creating and developing Al lan increase from 78 / before). Anecdotally, we saw an increase in the number of girls wanting to take Computer Science GCSE after the event. This progressed newldeeper partnerships with industry lincluding with Accenture. Barclays) and govemment. After attending a Careers Insight Day, on average 90°A of students say the day has posib'vely changed their views on what a job in tech actually involves. After attending a Careers Discovery Day with Barclays, 75.10 of students say they wanted to apply for a Barclays, apprentiship programme compared to 45°A before any inlervenlion. Our regional based teachers saw an increase in students saying they would consider a career in technology after taking part in a year's worth of our Tech We Can lessons and materials.. 70°A of students in our programme in Yorkshire Icompared to a baseline of 22°/o before any inlerventionl, and 60°A of students in our programme in Coventry (compared lo 24°h before any inlervenlionl. We've also seen significant uplift in our social media followng and attendance al high profile events.. This year we have been named official charity partner al London Tech Week, June 2025 and our CO-CEOS featured on the Founder5 and New Horizons stage BETT- we delivered a LIVE assembly in fionl of students and their teachers alongside Minecraft BRILLIANT we had a stand al this large-scale education event in Liverpool and iaised awareness of Tech She Can For our national public perceptions campaign in partnership with IBM and Sane Seven we received over 500k views of our video conlenl in the first month. This year, our social media following has grown by 230A across our combined social channels, reaching a total of 16,283 across all d)annels.
TECH SHE CAN TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025 Resources The activities are largely performed by the Tech She Can core team, supported by consullanls, a Steering Group and the Board of Trustees. For 2024125, the core team comprised 15 stsff (nine FTEI, seven of which are qualified teachers", the team is 940h women, 140h ethnic minority groups. During 2024125 the team has been supported by three consullanls providing expert advice and design for educational resources and project delivery for workshops and Career Insight Days. The Core team is also supported by the Steering Group with representslives from across 30 member organisalions and Women in Tech networks. We have one Safeguarding lead and all members of our team have enhanced DBS checks. Fundraising The charity's income is primarily derived from corporate partnerships and donations. charitable foundations and trusts, and a small number of voluntsry individual donations. During the year, the charity participated in the public fundraising campaign The Big Give, which enabled members of the public lo make donations. This activity was ¢ondu¢ted in line with Charity Commission guidan on ethical fundraising, and no external professional fundraisers or commercial participators were used. other fundraising. such as sponsored runs or challenges. is undertaken independently and voluntarily by supporters. The charity is not responsible for managing these activities. All fundraising is carried out internally by the charity's staff. No fundraising complaints were received during the year. The Trustees are satisfied that the charity complies with relevant fundraising standards and takes appropriate steps to protect the public and vulnerable people from undue pressure or intrusive approaches. Flnanclal revlew As referenced in the 'Achievements and performance, section above, the wder Diversity Equality & Inclusion IDE&II landscape continues to evolve. creating a more complex operating environment for organisalions working in indusion and representation. While this created challenges to manage our expenditure more sustainably, the charity remained financially resilient and achieved all of ils planned financial growth outcomes for 2024125 whilst remaining wlhin ils reserves policy throughout the year. This was achieved by growing our income from increasing programme delivery via partnerships wth corporates, foundations and trusts and through rigorous financial planning and efficiency savings. Going forward, economic factors, government policy, the competitive landscape and global reframing and reduction of DE&1 policies may impact the charity. The trustees are updated in quarterly reviews on the perfomiance of the charity and the impact of market conditions on financial performan and reserves, so that key management and the trustees can work together and the charity can respond accordingly. Our principal funding sources during 2024125 were.. sponsorship from corporate partners for specifi¢ programme delivery restricted grants from Charitsble trusts and foundations, predominanuy for specific programme delivery corporate donations In the period up lo 30 September 2025, the total income recognised by the charity was £1,123,407, cornpared lo £856,391 in FY23124. In the period up to 30 September 2025, total expenditure was £1,064,075, compared to £801,083 in FY23124. The lotsl amount of the charity's reserves al 30 September 2025 has increased lo £347,239, from £287,907 al 30 September 2024, which amounts to 4 months committed operating expenditure. 11 is the policy of the charity that unrestricted funds should be maintsined at a level equivalent to three months commilled operating expenditure. The Trustees consider that reserves al this level are appropriate for the activities and plans for the charity. The Trustees consider that reserves al this level Mrill ensure that, in the event of a significant drop in funding, the charity's current activities will be able lo continue while consideration is given to ways in which additional funds may be raised.
TECH SHE CAN TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025 The charity has more than their tsrgeled reserves at 30 September 2025. Deferred revenue at the end of FY24125 has increased to £324,125 (from £179.490 at the end of FY231241, and the Charity is entering FY25126 in a stronger position than any previous year due lo secured income for the next year 25126 of aclivily. This reflects our strong financial planning, commitment lo building the reserves, and securing future income with a longer lead limes. Tech She Can has a strong cash position al 30 September 2025 with £510.987 cash in the bank (compared lo £348,116 al the end of FY231241. The trustees are responsible for identifying and managing the key risks fad by the charity. The charity maintains a risk register. regularly reviewed by the board, to ensure risks are appropriately mitigated and do not threaten the delivery of our objectives. The main risks relate to the below.. Fundraising and Market Landscape.. The charity recognises that industry partners have more constrained budgets available for DE&1 initiatives. and we recognise the implications this may have on available funds for us as a charity . Mitigation.. adapt programmes to meet evolving needs. monitor cash flow, and maintain reserves. IT and Business Continuity.. Cyber-attacks or plattorm downtime could disrupt access to sensitive data or online conlenl. Mitigation.. IT and cyber support in place, and staff are trained lo recognise threats and respond promptly. Workforce Capacity.. As the charity's projects expand and workload increases, the team musl carefully manage capacity and resources. Mitigation.. pursuing mulil-year partnerships ID enable fOrnard financial and resource planning,. fostering team collaboration while supporting work-life balance and prioritising tasks effectively. Al the date of approving the report and accounts, the trustees have no uncertainties about the charity's ability lo conbnue as a going concern. Plans for future periods For FY25128 Tech She Can aims to further scale ils reach and impact, maintaining a particular focus on girls and other groups underreprèsented in the technology workforce, and working in areas of disadvantage and low social mobility by". Contlnulng to: Grow direct reach for schools, activities for pre-GCSE age students1>16 yrsl Grow on-demand reach in the UK and beyond with investments in our website and on-demand resources. Adapt to our partner's needs and respond to the mart(et. Scaling newer offerings such as: Workplace eXperIenS and pathways into apprenticeships - extending Careers Discovery Days to older age groups116-18 years olds) and creating pipeline and pathways into work. Work experience- to be launched in 2025126. Growing income by: Securing additional high income strategic partners- we've focused on this throughout FY24125. Increasing income from Foundations & Trusts. Piloting individual giving circles. Stru¢turg, govornan¢e and managemgnt The charity is a charitable incorporated organisalion, govemed by a CIO Conslitulion. The charity is legally registered as Tech She Can. In addition, the Charity uses 'Tech We Can, for our schools, programme for boys and girls. Both names represent the same charitsble entity, with all funds, assets, and liabilities managed centrally and under the oversight of the Board of Trustees.
TECH SHE CAN TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Iruslees who served during the year and up to the dale of signature of the financial slalements We." A F Stevens P Prabhakara R Stephens P Hammond B Higgin R J Harris P Guha MBE K Thompson (Resigned 12 December 20241 (Resigned 18 September 20251 (Resigned 23 October 20241 The charity is managed by a Board of Trustees, which convened al least once each quarter throughout the year to ensure the charity mel its objectives. Al year-end, 600h of the Trustees were women, and 400/0 were from ethnic minorty groups. The Trustees are supported by a Steering Group composed of represenlalives from across 30 member organisalions. The Board of Trustees has overall responsibility for the governance. strategic direction and oversight of the charity. The Trustees approve the strategy, annual budgets, reserves, risk management, safeguarding and senior leadership appoinlmenls. The Iruslees delegate the day-to-day management of the charity lo the joint Co- Chief Executive Officers and Chief Operating Offir, who are responsible for implementing the charity's strategy, managing staff, and overseeing the delivery of the charity's programmes. The trustees did not receive any remuneration or other personal benefit from the charity during year and none had any beneficial interest in the charity. No trustee claimed or was reimbursed for any expenses in the year. During the year, the charity received a grant of £50.000 from the PA Foundation. The charity's c(cE0 Isheridan Ashl is a trustee ol the Foundation. The CO-CEO took no part in any discussions or decisions relating to the award of this grant or the delivery of the project. The PA Foundation has previously issued grants to Tech She Can prior lo Sheridan Ash's appointment as Trustee. The Trustees Audit and Risk Committee mel throughout the year as required. Key management personnel salary is benchmarked against relevant industy stsndards and was reviewed via the Audit and Risk Committee in the period. The Remuner8tion Committee has reformed and agreed terms of reference and will broaden ils remit to include Remuneration, People and Equity, Diversity and Inclusion IED&II, responding lo the needs of a growr¥J team and aligning with our mission. 11 will meet al least twice a year. Trustee appointments follow the procedures sel out in the charity's conslilulion, which is based on the Charity Commission's standard Association CIO model. There have been no newly appointed Trustees in the period. The charity trustees will make available to each new charity trLJStee, on or before their first appointment.. a copy of this constitution and any amendments made to it., and a copy of the CIO'S latesl trustees, annual report and statement of accounts,. a copy of recent Trustee meeting minutes. The Trustees confirm that they have had due regard lo the guidance issued by the Charity Commission on public benefrt when reviewing the Charity's aims and objectives and in planning current and future activities. In particular, the trustees have considered how the planned activities wll contribute to the aims and objectives of the charity for the public benefit. The Iruslees, report was approved by the Board of Trustees. A F Stevens Chalr of Trustees Date.. 02 March 2026
TECH SHE CAN STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 The trustees are responsible for pparing the Trustees, Report and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England and Wales requires the trustees lo prepare financial slalements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements. the trustees are required to.. seled suitable accounting policies and then apply them con$istenlly', observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., stale whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity 11 continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose wrfch reasonable accuracy al any lime the financial position of the charity and enable them to ensure that the Iinanaal slalements comply with the Charities Act 2011, the Charity IAccounts and Reportsl Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities.
TECH SHE CAN INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF TECH SHE CAN Opinion We have audited the financial slalements of Tech She Can Ilhe 'charty'l for the year ended 30 Se#ember 2025 which comprise the statement of financial activities. the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, induding Financial Reporting Stsndard 102 The Financial Reporting SlandaKI applicable in the UK and Republ of Ireland (United Kingdom GenerallYAcpted Accounting Practice). In our opinion, the financial statements.. give a trLJe and fair view of the state of the charity's affairs as al 30 September 2025 and of its incoming resources and application of reSoUrs, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi., and have been prepared in accordance wth the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the AudiloRs responsibilities for the audit of the financial slalements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial slalements in the UK, including the FRC'S Ethical Standard, and we have fu111ed our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slalements, we have concluded that the trustees, use of the going concem basis of aontIng in the preparation of the financial stslemenls is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees rith respect to going concern are described in the relevant sections of this report. Other information The other infomiation cornprises the infomiation included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing lo report In this regard. Matters on which we are required to report by exception We have nothing to report In respect of the following mallers in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you If, in our opinion.. the information given in the financial slalemenls is inconsislenl in any material respect with the Iruslees, report., or sufficient aoUntIng rerdS have not been kept., or the Iinanaal statements are not in agreement with the accounting records., or we have not received all the information and explanations we require for our aud(t.
TECH SHE CAN INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF TECH SHE CAN Responsibilities of trustees As explained more fully in the statement of Iruslees. responsibilities. the Iruslees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial ststements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continLJe as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so. AudIt0$ responslbllltles for the au(Ilt of the flnanclal ststements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance about whether the finanryal statements as a whole are free from material misstslemenl, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordan with ISAS IUKI will aayS detect a material misslalement when il exists. Misstslemenls can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial slalemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delect material misstalemenls in respect of irregularities, including fraud. The extent lo which our procedures are capable of delecling IrgU18r1Iie$, including fraud, is detailed below. In identifying and assessing risks of material misslalement in respect of irregularities, including fraud and non- compliance wth laws and regulations, our procedures included the following.. Obtaining an understsnding of the legal and regulatory framework that the Charity operates in, fo(xJsing on those laws and regulations that had a direct effect on the financial stslemenls and operations,. Obtaining an understanding of the charity's policies and procedures on fraud risks. including knowledge of any actual, suspected or alleged fraud.. and Discussing among the engagement team how and where fraud might occur in the financial statements and any potential indicators of fraud through OLJr knowledge and understanding of the company and our sector- specific experience. As a result of these procedures, we considered the opportunities and incentives that may exist within the trust for fraud. We are also required to perform specific procedures to respond to the risk of management override. As a result of performing the above, we identified the following areas as those most likely to have an impact on the financial statements.. health & safety, employment law and Complian with the Charities SORP IFRS 1021 and the Charities Act 2011. In addits.on to the above, our procedures lo respond to risks identrfied Included the followng.. Making enquiries of management and those charged with governance about any known or suspected instances of non-compliance wth laws and regulations and fraud., Reviewing minutes of meetings of the board and senior management., Challenging assumptions and judgements made by management in their significant accounting estimates in particular in relation lo deferred income", and Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https.'Il ww.frc.org.uklaudilorsresponsibililies. This description fomis part of our auditor's report.
TECH SHE CAN INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF TECH SHE CAN Other matters The financial slalemenls of Tech She Can for the year ended 30 September 2024 were unaudited. Use of our report This report is made solely lo the company's members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company's members those matters we are reqLJired to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. 11 March 2026 Sumer Audlt Chartered Accountants Statutory Auditor Worthlng Sumer Audit is the trading name of Sumer Auditco Limited Sumer Audit is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the CompaniesAct 2006. 10-
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TECH SHE CAN BALANCE SHEET AS AT30 SEPTEMBER 2025 2025 2024 Not&s Fixed assets Tangible assets 10 5,588 5,665 Current assets Debtors Cash al bank and in hand 11 260,863 510,987 200,779 348,116 771,850 548,895 Credltors: amounts falllng due wlthln one year 12 1430,1971 1266.6531 Net current assets 341,653 282,242 Total a$$ets less curr&nt Ilabllltles 347,239 287,907 The funds of the ¢harlty Unrestricted funds- designated Unreslricled funds- general 4,000 343,239 3,838 284,069 15 347,239 287.907 The finanaal statements were approved by the trustees on . 11 March 2026 B Higgin Trustee 12-
TECH SHE CAN STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2025 2024 Notes Cash flows from operating activities Cash generated from operations 19 162,007 144,431 Investing activities Purchase of tsngible fixed assets Investment income received 13,2261 4,090 12.6761 Net cash generated fromllused Inl Investlng actlvltles 864 12,6761 Net cash used in financing activities Net increase in cash and cash equivalents 162,871 141,755 Cash and cash equivalents at beginning of year 348,118 206,361 Cash and cash equivalents at end of year 510,987 348,116 13-
TECH SHE CAN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policies Charity information Tech She Can is a charitsble incorporated organisats"on. 1.1 Accounting convention The financial statements have been prepared in accordance wf(h the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Charities SORP 'Accounling and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterfing, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1. The financial slalements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Going concern The financial slalements have been prepared on a going concern basis. The trustees have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment. Based on these assessments and having regard lo the resources available to the enlily, the trustees have concluded that there is no material uncertainly in relation to the appropriateness of continuing lo adopt the going concem basis in preparing the annual report and accounts. 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable objectives. Designated fijnds comprise funds which have been set aside at the discretion of the Iruslees for specific purposes. The purposes and uses of the designated fvnds are set out in the notes to the financial stalemenls. Restricted funds are subject to specific cond(tions by donors or grantors as lo how they may be used. The purposes and uses of the striCted funds are sel out in the notes lo the financial statements. 1.4 Income Income is recognised when the charity is legally entitled lo it, the amounts can bè measured reliably, and it is probable that income will be received. Donations and legacies are recognised as incoming resources when there is evidence of entitlement, receipt is probable and its amount can be measured reliably. Donated services and facilities are included in the Stslemenl of Financial Activities where the benefit lo the charity is reasonably quantifiable and measurable. The value placed on these resources is the eslimaled value lo the charity of the service or facility received. Income from grants is recognised when the charity has enlillement to the funds, any performance conditions attached lo the grants have been mel, it is probable that the income will be received and the amount can be measured reliably. Investment income relates lo interest receivable on bank deposits and is recognised in the financial ststemenls when receivable. 14-
TECH SHE CAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policias (Continuadl 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be rneasured reliably. Expenditure is classified by activity. The costs Df each activity are made up of the total of dIrt costs and shared costs, induding support costs involved in undertaking each activity. Direct costs attribut3e to a single activity are allocated directly lo that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basls consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges are allocated on the portion of the asset's use. Fundraising costs include the salaries and overheads associated with generating income from Strat1¢ partnerships, donations, and foundations & trusts. Governance cost5 include those incurred in the governance of the charity 8nd its assets and are primarily associated constitutional and slalutory requirements. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, nel of depreciation and any impairment losses. Depre¢ialion is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Office equipment Computer equipment 4 years slraighl line 4 years slraighl line The gain or loss arising on the disposal of an asset is determined as the difference between the sale procèeds and the Garrying value of thè asset, and is recognised in the statement of financial activities. 1.7 Impalmient of flxed assets Al each reporting end date, the charity reviews the carrying amounts of ils tangible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such IndatIOn exists, the recoverable amount of the asset is eslimaled in order to determine the extent of the impairment loss lif any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-lerm liquid investments wth original maturities of three months or less, and bank overdrafts. 1.9 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Seth'on 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Basic financial assets Basic financial assets, which include debtors and cash and bank balans, are initially measured * transaction pri induding transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaclion is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 15-
TECH SHE CAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policias (Continuadl Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri unless the arrangement conslilutes a financing transaction. where the debt instrLJment is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations lo pay for goods or services that have been acquired in the Ordin course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al amortised cost using the effective interest method. 1.10 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charty is demonstrably committed to terminate the employment of an employee or lo provide termination benefits. 1.11 Retlrement beneflts Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.12 Leases Leases are classified as finance leases whenever the terms of the lease transfer subslanlially all the risks and rewards of ownership to the lessees. All other leases are Classified as operating leases. Assets held under finan leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimLJm lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to nel incomellexpenditurel for the year so as to produ a constant periodic rate of interest on the remaining balance of the liability. Rentsls payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease. Critical accounting estimates and judgements In the appli¢alion of the Charity's accounting policies, the trustees are required to make judgements. eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these esb'mates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 16-
TECH SHE CAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Donations and legacies Unrestricted Unrestricted funds funds 2026 2024 Donations and gifts Donated goods and services in kind 233,243 2,100 123,921 85,724 235,343 209,645 Donatlons and glfts Corporate donations Donations from individuals 215,909 17,334 103.398 20,523 233,243 123.921 Donated goods and servlces In klnd During the year computer equipment was donated to the charity. In accordance with the charity's aoUntIng policy the Iruslees estimate the value of the additions lo be £2,10012024- £nill. During the previous year various Staff members were seconded from their employer to carry out work on behalf of the charity. In accordance with the charity's accounting policy the trustees eslimaled the value of the staff costs last year lo be £nil in the current year12024- £84,527). Income from charitable activities strategic partnerships 2025 Grants received 2025 Total strategic partnerships 2024 Grants received 2024 Total 2025 2024 Sales within charitable activities Performance related grants 618,274 618,274 433,146 433,146 265,700 265,700 213,600 213,600 618,274 265,700 883,974 433,146 213,600 646,746 Analysis by fund Unreslricled funds Restricted funds 608,899 9,375 608,899 275,075 430,021 3.125 430,021 216.725 265,700 213.600 618,274 265,700 883,974 433,146 213,600 S46,746 17-
TECH SHE CAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Income from investments Unrestricted Unrestricted funds funds 2026 2024 Interest receivable 4,090 18-
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TECH SHE CAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Trustees None of the Iruslees lor any persons connected with them) received any remuneration or benefits, or clairned or was reimbursed any expenses, from the charity during the current and comparative year. Employee$ The average monthly number of employees during the year was". 2025 In kind 2025 Payroll 2024 In kind 2024 Payroll 14 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 628,331 59,874 13,327 466,519 48,741 10.480 701,532 525,740 No redundancy or termination payments were made during the current and comparative year. The number of employees whose annual remuneration was more than £60,000 is as follows.. 2026 Numb9r 2024 Number £60,00110 £70,000 £70,001 10 £80,000 Rgmungratlon of key management P9r$0nn91 Key management personnel include the two C&CEOs and the COO, who together have authority and responsibility for planning, directing and controlling the activities of the charity. The total employee benefits paid lo key management personnel during the year were £205,666, compared to £184,501 in 2023124 Ithe increase is driven by an increase in total working days lo support the increase in programme deliverables. base salaries have not been increased vs 20231241. Employee benefits include gross salary, employer Nl and employer pension conlribulions. Taxation The charity is exempt from taxation on ils activities because all its income is applied for charitable purposes. -20-
TECH SHE CAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 10 Tangible fixed assets Offie• Computèr èquipmant èquipmant Total Cost Al 1 October 2024 Additions 149 9,846 3,226 9,995 3,226 AI 30 September 2025 149 13,072 13,221 Depreciation and impairment Al 1 Octobèr 2024 Depre¢ialion charged in the year 75 37 4,255 3,268 4,330 3,305 AI 30 September 2025 112 7,523 7,635 Carrying amount AI 30 September 2025 37 5,549 5,586 At 30 September 2024 74 5,591 5.665 11 Debtors 2025 2024 Amounts falling due within one year.. Trade debtors Prepayments and accrued income 255,184 5,679 200,216 563 260,863 200,779 12 Creditors.. amounts falling due within one year 2025 2024 Notes Other laxalion and social security Deferred income Trade creditors Other creditors Accruals 85,820 324,125 2,310 2,245 15,697 81,603 179,490 2.325 1,943 1,292 13 430,197 266,653 21
TECH SHE CAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 13 Deferred income 202S 2024 Arising from income received in advance 324,125 179,490 Deferred income is included in the financial statements as follows.. 2025 2024 Deferred income is included within.. Current liabilities 324.125 179,490 Movements in the year". Deferred income al 1 October 2024 Released from previous periods Resources deferred in the year 179.490 1179,4901 324,125 15,000 115.0001 179,490 Deferred income al 30 September 2025 324.125 179,490 -22-
TECH SHE CAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 14 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject lo speafic conditlons by donors as to how they may be used. At 1 Octobèr 2024 Incoming resources R8sourc&s expended At30 September 2025 Accenture UK The RAF Charitable Trust Deulsche Bank PA Foundation Dulverton Trust 80,000 120,700 9,375 30,000 35,000 180,0001 1120,7001 19.3751 130,0001 135,0001 275,075 1275.0751 Pr&vlous year: At 1 October 2023 Incomlng resources Resources At30 &xpended September 2024 Accenture UK The RAF Charitable Trust Deulsche Bank PA Foundation Tides Foundation 100,000 81,600 3,125 20,000 12,000 1100.0001 181,6001 13,1251 120.0001 112,0001 216,725 1216,7251 Descrlptlon of each current year restrlcted fund: Accenture UK- A grant lo fund the design and delivery of a LIVE lesson on the theme of Al for Sustainability induding design and delivery of an animation within this lesson. along with the design and delivery of an additional animation on the theme of Responsible Al. Th9 RAF Charitabl8 Trust A grant to fund a series of LIVE lessons including the design and delivery of animations focused on the theme of space technology. Deuts¢he Bank - Funds for the design and delivery of a secondary LIVE lesson to educate and inspire children around Tech for Money. PA Foundatlon - A grant to ftjnd the design of technologyenriched workshops and delivery in schools. Dulverton Trust- A grant to contribute towards the charity's core operating costs. -23-
TECH SHE CAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 15 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes. At 1 October 2024 Incomlng resources R9$QU&s expended Transfvrs At30 September 2025 Annual charity impact event General funds 3,838 284,069 162 11621 4,000 343,239 848,332 1789,0001 287,907 848,332 1789,0001 347,239 Prfrvlous year: Al 1 October 2023 Incomlng rgsources Resou95 expended Transfers At30 September 2024 Annual charity impact event General ftjnds 3,700 228.899 138 11381 3,838 284.069 639,666 1584,3581 232,599 639,666 1584,3581 287,907 16 Analysi5 of net assets between funds Unrestrlcted Deslgnated funds funds 2025 202S Totsl Total 2025 2024 Fund balances at 30 September 2025 are represented by.. Tangible assets Current asselsllliabililiesl 5,588 337,653 5,588 341,653 5,665 282,242 4,000 343,239 4,000 347,239 287.907 -24-
TECH SHE CAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 17 Operating lease eommilments Lessee Al the reporting end dale the Charity had oulstsnding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows. 202S 2024 wthin one year Between two and five years 3,520 3,813 7,333 18 Related party transactions During the year, the Charity received a grant of £50,000 12024 - £nill from the PA Foundation. The charity's Ci>CEO Isheridan Ashl is a Iruslee of the PA Foundation. The C&CEO did not participate in any discussions or decisions relating to the award or management of the grant. The grant was made on an ami's length basis and of the total grant. £20,00012024 - £nill was outstanding at the year end and is included in deferred revenue. The PA Foundation has previously provided grants to the charity prior to the CO-CEO'S appointment as Iruslee. During the previous year, the charity received a donation of £15,000 from Kyndryl UK Limited. The charity's Chair of Trustees IA F Stevens) is a senior employee of Kyndryl UK Limited. The Chair did not partiapate in any discussions or decisions relating to the award or management Df the grant. The grant was made on an arm's length basis and was fully recognised in the year ending 30 September 2024. No such donations were received in the current year. -25-
TECH SHE CAN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 19 Cash generated from operations 2025 2024 Surplus for the year 59,332 55,308 Adjustments for.. Investment income recognised in slalemenl of financial activities Depre¢ialion and impairment of tangible fixed assets 14,0901 3.305 2,500 Movements in working capital.. Ilncreasel in debtors Increase in creditors Increase in deferred income 160.0841 18,909 144,635 1125,4461 47,579 164,490 Cash goneratod from operations 162,007 144.431 -26-