Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
**Charity number: 1200431**
## **YOUNG WOMEN INTO FINANCE**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 6|
|**Independent Examiner's Report**|7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9|
|**Notes to the Financial Statements**|10 - 17|
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Trustees**|Daniel McCarthy|
|---|---|
||Catherine Goodhind|
||Jack Charles Wilson Spencer|
|**Charity registered**
**number**
1200431
**Principal office**
c/o One Search Ltd
29 Queen Annes Gate
London
SW1H 9BU
**Accountants**
Ryecroft Glenton
Chartered Accountants
32 Portland Terrace
Newcastle upon Tyne
NE2 1QP
**Bankers**
National Westminster Bank Plc
250 Bishopsgate
London
EC2M 4AA
**Solicitors**
gunnercooke llp
1 Cornhill
London
EC3V 3ND||
Page 1
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
The Trustees present their annual report together with the financial statements of the charitable incorporated organisation for the year ended 31 December 2024. The Trustees confirm that the Annual Report and financial statements of the charitable incorporated organisation comply with the current statutory requirements, the requirements of the charitable incorporated organisation's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
## **Objectives and activities**
## **Policies and objectives**
The object of the CIO is the promotion of equality and diversity for the public benefit in the United Kingdom through the provision of a financial scholarship programme offering education, mentoring and work experience opportunities, targeting in particular socially and economically disadvantaged girls and young women from Year 12 upwards attending schools, colleges and universities, to address the under representation of woman in the finance industry.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a Charity (PB2)'.
## **Activities undertaken to achieve objectives**
The main activity undertaken to further the Charity's purpose has been to promote the education of young women via the provision of a financial scholarship programme offering education, mentoring and work experience opportunities, targeting in particular socially and economically disadvantaged girls.
## **Grant-making policies**
The Charity funds the CISI course fees (including study and revision materials) to all candidates on the programme. The CISI exams are a core part of the Young Women into Finance ("YWIF") programme. We have not made any other grants so far; however, as the Charity continues to scale the Trustees will explore whether there are other appropriate ways to deliver grants which would support our goals for the public benefit.
## **Volunteers**
All of our mentors are volunteers and are central to delivery of the YWIF programme. Mentors have regular catch-up sessions with their mentees to support candidates through the various stages of the programme. In addition, mentors often assist with university and job applications (including CV support and interview preparations) on a bespoke basis.
The financial modelling course delivered by Gridlines / Project Finance Institute is also delivered on a volunteer basis. We are grateful to both our hosts ING and Gridlines for supporting this essential element of the YWIF programme.
Page 2
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Objectives and activities (continued)**
## **Main activities undertaken to further the Charity's purposes for the public benefit**
At the start of the 2024/5 academic year, 233 candidates were participating in the YWIF programme. Since starting 5 years ago, our cohort numbers have grown significantly with over 85 candidates in the most recent intake year of the programme (an increase of c.16% from 2023/4).
The 5-year programme pairs candidates with mentors working in the finance industry. This mentorship forms a core part of the programme, and it is extremely rewarding to the trustees to see the level of confidence and personal growth of candidates which this mentoring supports as they move through the scheme.
Each candidate sits the CISI Introduction to Financial services exam in their first year, progressing to further CISI levels as they move through the programme. The study for the CISI exam provides a core foundation in financial concepts which are essential for building confidence and competence in candidates before they enter the workplace. Candidates in the 3rd year of the programme also took part in an in person financial modelling course, further developing their career ready skill set. The candidates take the financial modelling workshop and undergo a rigorous assessment in preparation for the summer internship, which is the third year.
In 2024, 15 candidates again undertook internships in premier financial institutions. The internships are a key part of the programme and enable candidates to bring together all of the other aspects of their learning in practice. The candidates across the 5 years come from 83 schools (up from 45 in 2023/4) across England and Wales – significantly increasing our geographical reach - and we have candidates studying at 23 top tier universities in the UK and USA. Bringing mentors and candidates together for our 2nd annual summer event in the City of London last year showed the positive outcomes for the public benefit that the Charity are aiming to achieve – making lifelong connections across cohorts and career stages and providing opportunities for personal growth and success to young women from socially and economically disadvantaged backgrounds.
## **Achievements and performance**
## **Main achievements of the Charity**
The Charity aims to promote equality and diversity for the public benefit, and address the under-representation of women in the finance industry. To this end, 20 candidates in the 3rd – 5th years of the programme undertook internships in the summer of 2024. The internship represents the consolidation of other elements of the YWIF programme and the key access trigger for candidates to careers in the sector.
By opening the door to a career in the sector to more girls and young women from economically disadvantaged backgrounds, YWIF begins to address under-representation of women in the finance industry.
After the final year of the programme, candidates have had significant success in securing full time employment in the sector. We hope that the programme will continue to support candidates to take this same step on completion of the programme in future years.
## **Review of activities**
Grants (course fees) were made in respect of 15 individuals during the period, totalling £21,320 (2023: £6,449) with sponsorship income of £62,500 (2023: £60,000) being received in the period, giving rise to a surplus of incoming resources of £13,034 (2023: £34,784) after support costs of £28,146 (2023: £18,767). The net movement in funds is a surplus of £13,034 (2023: £34,784) resulting in overall unrestricted funds of £47,818 (2023: £34,874) at 31 December 2024.
Page 3
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Financial review**
## **Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **Reserves policy**
Given the size and scale of the Charity at the current stage, the trustees have taken the decision to not develop a full Reserves Policy at this stage. As the Charity continues to scale, this decision will be reviewed by trustees on an ongoing basis.
At the period end, the CIO funds were held with One Search Limited, a company where one of the Trustees is a Director. The CIO opened a bank account in its own name following the period end to which the CIO funds have been transferred.
## **Principal risks and uncertainties**
The Charity relies on the support of its Trustees for ongoing day to day management. As the Charity grows the Trustees recognise the scale of the charity may require additional operational support through additional Trustees or hiring of staff. To this end after the reporting date, the Trustees have launched the search for an additional Trustee to further professionalise and scale the Charity.
As the Charity works with children and young adults we recognise and take seriously our role in respect of safeguarding and have worked with Freshfields on a pro bono basis to develop relevant policies and frameworks on this front which reflect current best practise.
The Charity relies on donations from 3rd party financial institutions. We do not believe the current scale of the Charity requires exploring alternative funding sources; however, as the Charity grows the Trustees will continue to monitor whether the funding sources are appropriate to support the scale op operations.
In line with our stated aims YWIF is established to give opportunities to socially and economically disadvantaged girls and young women across the United Kingdom. The Trustees recognise that there is a risk associated with growing our geographical impact beyond England and Wales into all the regions of the UK. We continue to expand our network of schools and universities and the expansion of the reach of the Charity is a key focus for the Trustees.
## **Principal funding**
The Charity is supported by generous donations from our corporate sponsors. In the relevant period, we received donations from Actis LLP, DC Advisory, Centrus, Vauban, IFM, CISI & CIBC.
## **Structure, governance and management**
## **Constitution**
Young Women Into Finance is a registered Charity, number 1200431, and is constituted under a Trust deed.
Page 4
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Structure, governance and management (continued)**
## **Methods of appointment or election of Trustees**
The Trustees believe that the trustee body is at the right size for the current stage of the Charity’s development. As we continue to grow in future years, we will continue to assess whether further trustees are required and policies will be developed to support this growth.
## **Organisational structure and decision-making policies**
The Charity operates a single trustee board which is appropriate for the current size and stage of the Charity’s development. We do not have any day to day staff, however we will continue to assess whether additional resources are required as the Charity continues to grow.
## **Policies adopted for the induction and training of Trustees**
The Trustees believe that the trustee body is at the right size for the current stage of the Charity’s development. As we continue to grow in future years we will continue to assess whether further trustees are required and policies will be developed to support this growth.
## **Related party relationships**
We are provided with invaluable support from One Search Limited in respect of some administrative and financial management on a pro bono basis. The resource provided by One Search Limited ensures that the Charity can continue its current operations. A trustee is also the CEO of One Search Limited. As the Charity continues to develop the Trustees will continue to monitor this relationship and whether any activities need to be brought in house.
## **Financial risk management**
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Page 5
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) 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.
Approved by order of the members of the board of Trustees on 29 October 2025 and signed on their behalf by:
**Daniel McCarthy**
Page 6
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Independent Examiner's Report to the Trustees of Young Women Into Finance ('the charitable incorporated organisation')**
I report to the charity Trustees on my examination of the accounts of the charitable incorporated organisation for the year ended 31 December 2024.
## **Responsibilities and Basis of Report**
As the Trustees of the charitable incorporated organisation's you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charitable incorporated organisation's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Your attention is drawn to the fact that the chatritable incorporated organisation has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charitable incorporated organisation as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the charitable incorporated organisation 's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charitable incorporated organisation 's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable incorporated organisation's and the charitable incorporated organisation 's Trustees as a body, for my work or for this report.
Signed: D Graham FCA Ryecroft Glenton 32 Portland Terrace Newcastle upon Tyne, NE2 !QP
Dated: 29 October 2025
Page 7
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Note**
**Income from:**
Charitable activities
3
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**31 December**
**2024**
**£**
**62,500**
**62,500**
**49,466**
**49,466**
**13,034**
**34,784**
**13,034**
**47,818**|**Total**
**funds**
**31 December**
**2024**
**£**
**62,500**
**62,500**
**49,466**
**49,466**
**13,034**
**34,784**
**13,034**
**47,818**|_Total_
_funds_
_period_
_31 December_
_2023_
_£_
_60,000_
_60,000_|
|---|---|---|---|
||||_25,216_
_25,216_|
||||_34,784_|
||||_-_
_34,784_
_34,784_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 17 form part of these financial statements.
Page 8
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
## **BALANCE SHEET AS AT 31 DECEMBER 2024**
|**Note**
**Current assets**
Debtors
9
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
10
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Total net assets**
**Charity funds**
Unrestricted funds
11
**Total funds**|**1,258**
**49,869**
**51,127**
**(3,309)**|**2024**
**£**
**47,818**
**47,818**
**47,818**
**47,818**
**47,818**
**47,818**|_37,724_
_-_
_37,724_
_(2,940)_|_2023_
_£_
_34,784_|
|---|---|---|---|---|
|||||_34,784_|
|||||_34,784_|
|||||_34,784_|
|||||_34,784_|
|||||_34,784_|
The financial statements were approved and authorised for issue by the Trustees on 29 October 2025 and signed on their behalf by:
## **Daniel McCarthy**
The notes on pages 10 to 17 form part of these financial statements.
Page 9
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. General information**
Young Women Into Finance is a CIO (Charitable Incorporated Organisation) registered at the Charities Commission with charity number 1200431. The charity office is c/o One Search Ltd, 29 Queen Annes Gate, London, SW1H 9BU.
The CIO was registered on 21 September 2022 and the first period is to 31 December 2023.
The comparatives are for the period 21 September 2022 to 31 December 2023 and therefore are not totally comparable to the current year which is for the year to 31 December 2024.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Young Women Into Finance meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), and the Charities Act 2011.
Young Women Ino Finance meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.3 Going concern**
Having made due enquiry the Trustees are satisfied that the going concern basis of accounting is appropriate in preparing the annual financial statements.The trustees are satisfied that the current level of financial reserves and fundraising are sufficient to ensure the charitiy's abilitiy to fulfill it's financial commitments for a minimum of 12 months following the date of approval.
## **2.4 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Page 10
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2. Accounting policies (continued)**
## **2.5 Expenditure**
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 measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
## **2.6 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.7 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.8 Liabilities**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **2.9 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.10 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Page 11
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **3. Income from charitable activities**
|**Unrestricted**
**funds**
**year**
**31**
**December**
**2024**
**£**
Income from charitable activities - Sponsorship income
62,500
_Unrestricted_
_funds_
_period_
_31_
_December_
_2023_
_£_
Income from charitable activities - Sponsorship income
_60,000_|**Total**
**funds**
**year**
**31**
**December**
**2024**
**£**
**62,500**|
|---|---|
||_Total_
_funds_
_period_
_31_
_December_
_2023_
_£_
_60,000_|
## **4. Analysis of grants**
|Grants, Direct costs - Scholarship program
Grants, Direct costs - Scholarship program|**Grants to**
**Individuals**
**year**
**31**
**December**
**2024**
**£**
21,320
_Grants to_
_Individuals_
_period_
_31_
_December_
_2023_
_£_
_6,449_|**Total**
**funds**
**year**
**31**
**December**
**2024**
**£**
**21,320**|
|---|---|---|
|||_Total_
_funds_
_period_
_31_
_December_
_2023_
_£_
_6,449_|
Page 12
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **5. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**year**
**31**
**December**
**2024**
**£**
Direct costs - Scholarship program
49,466
_Unrestricted_
_funds_
_period_
_31_
_December_
_2023_
_£_
Direct costs - Scholarship program
_25,216_|**Total**
**year**
**31**
**December**
**2024**
**£**
**49,466**|
|---|---|
||_Total_
_period_
_31_
_December_
_2023_
_£_
_25,216_|
## **6. Analysis of expenditure by activities**
||**Grant**|||
|---|---|---|---|
||**funding of**|**Support**|**Total**|
||**activities**|**costs**|**funds**|
||**year**|**year**|**year**|
||**31**|**31**|**31**|
||**December**|**December**|**December**|
||**2024**|**2024**|**2024**|
||**£**|**£**|**£**|
|Direct costs - Activities|21,320|28,146|**49,466**|
Page 13
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **6. Analysis of expenditure by activities (continued)**
||_Grant_|||
|---|---|---|---|
||_funding of_|_Support_|_Total_|
||_activities_|_costs_|_funds_|
||_period_|_period_|_period_|
||_31_|_31_|_31_|
||_December_|_December_|_December_|
||_2023_|_2023_|_2023_|
||_£_|_£_|_£_|
|Direct costs - Activities|_6,449_|_18,767_|_25,216_|
## **Analysis of support costs**
|Event expenses
Sundry expenses
Wages
Travel expenses
Governance - Legal and professional fees
Governance - Accountancy fees|**Total**
**funds**
**year**
**31**
**December**
**2024**
**£**
**12,862**
**625**
**8,500**
**3,059**
**-**
**3,100**
**28,146**|_Total_
_funds_
_period_
_31_
_December_
_2023_
_£_
_11,502_
_140_
_-_
_455_
_3,730_
_2,940_
_18,767_|
|---|---|---|
**7. Independent examiner's remuneration**
||**year**|_period_|
|---|---|---|
||**31**|_31_|
||**December**|_December_|
||**2024**|_2023_|
||**£**|_£_|
|Fees payable to the Charity's independent examiner for the preparation and|||
|independent examination of the Charity's annual accounts (including vat)|**3,100**|_2,940_|
Page 14
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **8. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ .
During the year ended 31 December 2024, no Trustee expenses have been incurred _(2023 - £NIL)_ .
## **9. Debtors**
|**Due within one year**
Other debtors|**2024**
**£**
**1,258**
**1,258**|_2023_
_£_
_37,724_|
|---|---|---|
|||_37,724_|
## **10. Creditors: Amounts falling due within one year**
|Trade creditors
Accruals|**2024**
**£**
**209**
**3,100**
**3,309**|_2023_
_£_
_-_
_2,940_|
|---|---|---|
|||_2,940_|
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Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**11.**
**Statement of funds**
**Statement of funds - current year**
**Balance at 1**
**January**
**2024**
**£**
**Unrestricted funds**
General funds
**34,784**
**Statement of funds - prior year**
**Unrestricted funds**
General funds
**12.**
**Analysis of net assets between funds**
**Analysis of net assets between funds - current period**
Current assets
Creditors due within one year
**Total**|**Income**
**£**
**Expenditure**
**£**
**62,500**
**(49,466)**
_Income_
_£_
_Expenditure_
_£_
_60,000_
_(25,216)_
**Unrestricted**
**funds**
**2024**
**£**
51,127
(3,309)
47,818|**Balance at**
**31**
**December**
**2024**
**£**
**47,818**
_Balance at_
_31_
_December_
_2023_
_£_
_34,784_
**Total**
**funds**
**2024**
**£**
**51,127**
**(3,309)**
**47,818**|
|---|---|---|
Page 16
Docusign Envelope ID: C2340826-CC6B-4F80-9C3B-8F8FA35C7FF9
## **YOUNG WOMEN INTO FINANCE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **12. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior period**
|Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2023_
_£_
_37,724_
_(2,940)_
_34,784_|_Total_
_funds_
_2023_
_£_
_37,724_
_(2,940)_
_34,784_|
|---|---|---|
## **13. Related party transactions**
One Search Ltd, a party related through a director also being a trustee. During the year the charity's cash assets that were held by One Search Ltd solely for use by YWIF, which included receiving receipts and making payments, were paid to YWIF in full. At the year end the amount held by One Search Ltd amounted to £nil (2023 - £37,724).
During the year YWIF paid CISI grant fees relating to a US charity with the same aims related through One Search Ltd. This amounted to £1,258 which One Search Ltd has agreed to repay and is included in other debtors.
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