2024-12-31-accounts

PEE.:'O EEhL/T PEE/Og EEhL/TY CIO TRUSTEE ANNUAL REPORT 2023- 2024 IILIIIIL',AJ.'//

Table of Contents

Table of Contents
Introduction	3
Relationship Between the CIO and PRG LTD:	3
Nature of the Governing Document:	3
Trustee Appointment Process	3
Term of Office	3
Selection Criteria	4
Reporting Period:	4
The Purposes of the Charity;	5
Mission:	5
Problems we aim to solve:	5
Beliefs:	6
Our Philosophy:	6
Our Solution:	7
Main Activities undertaken this year.	8
Workshops and Training Sessions	8
Campaigns	9
Conferences and Events	10
Business Development and Media Engagement	10
Volunteer Contributions	11
Achievements and Performance	11
Key Achievements	11
Performance Metrics (2023–2024)	13
Financial Review	14
Administrative Details	16
Statement From the Chair	16

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Introduction

Period Reality CIO is constituted as a Charitable Incorporated Organisation (CIO), providing the charity with the benefits of limited liability while allowing it to operate under the direct governance of its trustees.

Period Reality Group Limited (PRG LTD) is constituted as a private limited company registered with The Companies House. It operates as a social enterprise and trading subsidiary of the CIO. Its primary aim is to generate income to support the charitable mission of the CIO while adhering to ethical and mission-aligned principles.

Relationship Between the CIO and PRG LTD:

The Period Reality Group LTD functions as the trading subsidiary of Period Reality CIO, providing corporate services such as training, consultancy, and policy development. PRG LTD donates a portion of its profits (currently 30%) annually to the CIO to fund its charitable programmes. This relationship ensures a sustainable financial flow to support the CIO’s mission-driven activities while maintaining clear financial and operational boundaries between the two entities.

The CIO covers programme-specific and charity-governance-related expenses, while PRG LTD assumes responsibility for shared overheads, ensuring both entities operate efficiently and collaboratively.

Nature of the Governing Document:

The governing document of Period Reality CIO is its Constitution, which sets out its charitable objects, powers, and operational rules, ensuring compliance with legal requirements and alignment with its mission.

PRG LTD's governing document is its Memorandum and Articles of Association, which establish it as a private company limited by shares and detail its objectives, the rights and responsibilities of its shareholders, and governance provisions.

Trustee Appointment Process

In accordance with Paragraph 10 of the Period Reality CIO Constitution, trustees are appointed through a formal selection process to ensure the organisation's effective governance and administration.

Term of Office

Apart from the initial charity trustees, every appointed trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the Board of Trustees.

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Reappointment is subject to review at the end of each term and must be approved by a resolution of the charity’s trustees.

Selection Criteria

The skills, knowledge, and experience required for the effective administration of Period Reality CIO are carefully considered. The trustees also assess prospective candidates to ensure they align with the mission and governance requirements of Period Reality CIO.

Reporting Period:

The reporting period for this submission is from 23rd November 2023 - 31st December 2024.

However, transactions from June 2023 have been included, as Period Reality Group LTD (PRG LTD) was established before the registration of Period Reality CIO. During this period, the LTD began carrying out essential business development activities to support the charity's mission before the charity's registration and bank account setup were finalised.

This approach ensures comprehensive financial reporting and transparency, reflecting the preparatory work undertaken to lay the groundwork for the charity's operations.

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The Purposes of the Charity;

The purpose of the charity is to advance education on menstruation for public benefit. This involves creating awareness around the importance of improved period health and employing other means deemed appropriate by the trustees to achieve this goal.

Mission:

Period Reality is a global movement to achieve gender equity through system-level change. We do this by educating about and advocating for living in sync with your hormonal cycle.

• We exist to create a more equal society for women, at home, at work, in communities and institutions.

• We fight for gender equity through system-level change by educating about and advocating for living in sync with your cycle.

• We are inclusive, innovative learners and storytellers.

• We never tell others what to do but provide the tools, the platform and the environment for people to share their stories and lived period realities. We amplify voices and stories that deserve to be shared to spark curiosity for cycle-tracking and allow for peer-to-peer learning.

• Our aim is to share high-quality resources (blogs, articles, trackers), courses and tools (tracking app) - for free - to inspire, educate and empower 1 billion people by 2030.

Problems we aim to solve:

We live in a world designed around men and their 24-hour hormonal cycle, expecting people to show up consistently five days a week, eight hours a day. People with periods aren’t designed that way.

Gender equity is not creating space for 50% of the population to fit into a men’s mould. It is changing the way society operates, creating space for all genders to reach their full potential. This requires a system-level change.

On average, a cycle lasts for 28 days, and every day our hormones are balanced differently. We have different levels of energy throughout the cycle, different strengths, needs and preferences.

• Lack of Information: 48% of menstruating individuals in the UK reported having insufficient knowledge about their menstrual cycle, based on a survey of nearly 3,000 respondents[1] .

• Lack of Empathy: a study by THINX found that 58% of menstruating individuals in the US reported feeling embarrassed by their period. Additionally, 42% of respondents had been shamed or made to feel bad about having their period[2] .

1 ~~T~~ he Sun (2024) Period inequality: Millions feel left in the dark . 29 February.

2 THINX (n.d.) State of the Period 2021 Survey , summarized in Reddit discussion.

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• Inadequate Education: according to WHO & UNICEF, many girls globally are unprepared or surprised by their first period due to insufficient education. For instance, A 2023 survey in the USA found that 42% of teens felt confused and unprepared when they got their first period.[3]

• Gender Inequality and Inequity: a UK survey by the CIPD reported that 7% of women experienced menstrual discrimination in the workplace, 12% said it hindered their career progression, and 8% had left or considered leaving their jobs due to inadequate support[4] . In Uganda, 15% of women missed work because of their last period, and 41% preferred not to work during menstruation[5] .

• Hostile Workplaces and Educational Institutions : the State of the Period 2021 study found that 77% of students believe there should be more in-depth menstrual health education, and 73% agree it should be included in the core curriculum[6] . Meanwhile, 80% of women say their workplace lacks adequate facilities or policies to support them during menstruation, and 85% report experiencing stress or anxiety while managing their period at work[7] .

Beliefs:

We believe that every girl and (young) woman has the right to understand their own body. Our dream is that one day, everyone with a period has the tools to design a life that plays to their strengths and that society is a place that celebrates all identities and genders.

• Understanding how the menstrual cycle works can and will contribute to a more balanced life.

• Society will benefit from redesigning systems that are built around a man’s 24-hour hormonal cycle into human-centred ones, to create space for and celebrate different identities and genders.

• Understanding our cycles and hearing others’ stories builds empathy and allows us to be kinder to ourselves and others.

• Everyone should have access to education about the phases of their cycle so they can live healthier and happier lives.

• The menstrual cycle affects everyone. You either have one or you are born from one.

• Not only women have periods.

Our Philosophy:

• Our bodies are powerful. And when we live in sync with our bodies as designed, people with periods can find incredible new energy and empathy.

3 WHO/UNICEF (2023) Progress on drinking water, sanitation and hygiene in schools: 2015-2023 at Page 59 .

4 CIPD (2022) Menstruation and support at work . London: Chartered Institute of Personnel and Development.

5 Hennegan J. et al. (2022) Menstrual health challenges in the workplace and consequences for women's work and wellbeing: A cross-sectional survey in Mukono, Uganda , PLOS Global Public Health, 2(7):e0000589 6 PERIOD. and Thinx (2021) State of the Period 2021: The widespread impact of period poverty on US students , WHO/UNICEF (2023) Progress on drinking water, sanitation and hygiene in schools: 2015-2023 at Page57 .

7 WaterAid (2023) Managing periods in the workplace: Poll reveals the barriers women face

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• The experience of people with periods around menstruation varies wildly. From country to country, culture to culture, even household to household. Many of these diverse stories remain untold.

• Some people have received menstrual education. About their bodies and natural processes, and have been taught to welcome and celebrate their periods.

• Others have been told otherwise: that their bodies are malfunctioning or that menstruation is dirty or socially unacceptable. Or go through their lives in the dark about what’s happening internally.

• We educate about living in sync with your cycle. Even if people know what’s happening biologically, they may lack a holistic understanding of how their natural rhythm affects them energetically, spiritually and hormonally. Possibly resulting in lifestyles and habits that do not help — or even harm — their overall well-being.

• We advocate for living in sync with your cycle. The vast majority of institutions - schools, universities, businesses and organisations - have not taken knowledge about hormonal cycles into consideration as they design their programs, strategies, policies and curricula. We work with them to better understand the needs and strengths of people with periods and adapt their environments to be more supportive and empathetic.

Our Solution:

Education about and Advocacy for living in sync with one’s cycle. Using our 8 flywheels:

Education:

1. STORYTELLING: we educate individuals, both people with and without periods, about their biorhythms through storytelling. Sharing lived experiences to reduce stigma and foster open conversations about menstruation.

2. COMMUNITY BUILDING: we build communities that foster a sense of belonging, facilitate open communication and encourage peer-to-peer learning.

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1. PARTNERSHIPS & PROGRAMMING: we create partnerships and programming to amplify our reach and to drive change at scale.

2. CYCLE TRACKING APP: our App will allow individuals to identify personal trends to live in sync with their cycle, live healthier, happier lives and empower people to advocate for their health.

Advocacy:

1. TRAINING: we provide training for organisations and businesses to better understand the needs and strengths of people with periods and change their systems and environments to be more supportive, empowering and empathetic. Interactive sessions for schools, workplaces, and community groups to increase understanding of menstrual health and its broader implications for well-being.

2. RESEARCH: we advocate for more funding for women's health research, especially the nuances of the menstrual cycle and contribute to this space through research partnerships.

3. CURRICULUM: we advocate to get holistic menstruation education in the curriculum in schools and a more in-depth curriculum for General Practitioners and Gynaecologists. Developing accessible educational materials for our partners and beneficiaries to empower menstruators with knowledge and self-advocacy tools.

4. LOBBY: we lobby for policy changes to achieve gender equity. Engaging with policymakers to promote systemic changes in education, healthcare, and workplaces, ensuring menstrual health is prioritised.

Main Activities undertaken this year.

Workshops and Training Sessions

Throughout the year, we facilitated a wide range of virtual and in-person workshops, spanning community groups, corporate partners, academic institutions, and healthcare settings. These sessions were designed to foster Cycle Awareness, build confidence, and equip participants with practical tools to support living in sync with their menstrual cycle.

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Our corporate engagements included tailored training sessions with teams from The Co-operative Bank PLC , OurHouse by Magenta Living , Smash , WildThang UK , and Rise Beyond . These “Lunch and Learn” style sessions focused on creating inclusive work environments through cycle awareness. These activities contributed to the revenues received by PRG Ltd as shown in the Financial Report.

We also ran high-impact community-focused workshops. Key sessions included:

• A “Train the Trainers” workshop as part of the She CAN Project, equipping local educators with tools for menstrual health education.

• A guest lecture at New York University ’s Graduate School of Public Service, exploring leadership, equity, and the hormonal cycle realities often excluded from policy discourse.

• A well-received session at Liverpool Women’s (Hospital) NHS for International Women’s Day 2024.

• The first-ever Cycle Awareness Webinar and the launch of our Cycle Awareness Hub in Kenya mark a significant milestone in our global expansion.

Noteworthy youth-focused sessions included:

• An interactive event for girls aged 12–16, funded by Everton in the Community .

• A 4-day training programme and graduation for young single mothers in supported housing, funded by the Community Foundation for Merseyside Women’s Fund .

• Talks with girls at Dagoretti Rehabilitation Centre and in Kibera, Nairobi , in partnership with Clean Start Africa and Sadili Oval Sports Academy , respectively.

• A memorable session with two of Everton Women’s first team players , creating space for open, empowering conversations about the menstrual cycle.

These sessions showcased our commitment to making hormonal cycle education accessible, engaging, and relevant across diverse audiences and settings.

Campaigns

Our on-the-ground campaigns spanned continents and contexts, amplifying the importance of menstrual hygiene and awareness in underserved communities.

We partnered with Kairos Nigeria to lead two impactful Menstrual Hygiene Campaigns in 2023 & 2024, both focused on education and access. We also supported a targeted campaign in Hindu Para, Pakistan , in collaboration with the She CAN Project , where local volunteers engaged directly with girls and women to break stigma and distribute essential items.

Complementing our fieldwork, we ran local outreach efforts such as:

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• A Cycle Awareness flyer distribution campaign across the Wirral, designed to spark conversations in everyday spaces.

• A week-long virtual Cycle Awareness Campaign, funded by the Women’s Fund, reached new audiences online with interactive content and resources.

These campaigns strengthened our visibility and allowed us to connect with communities often left out of mainstream menstrual health conversations.

The community sessions, youth-focused activities and campaigns contributed to our total charitable expenditure of £11,160.09 as reported in Note 6.

Conferences and Events

This year, we increased our visibility and thought leadership by hosting and participating in several strategic events.

Highlights included:

• Hosting Period Reality’s Cycle Awareness Summit in Nairobi , which also marked Phase 1 of our Cycle Awareness Hub in Kenya. This is a major step toward building long-term, community-based infrastructure.

• Setting up a drop-in booth at the Happier Life Live Conference to directly engage attendees with resources and conversations about the menstrual cycle.

• Organising a local Community Drop-in Session in Liverpool , funded by the Community Foundation for Merseyside Women’s Fund, to bring menstrual health education to the grassroots.

Our founder, Marlou Cornelissen, represented Period Reality at several key international gatherings, including: The Menstruation Research Network’s Global Conference on Inclusive Menstruation, The Sanicle Menstrual Health Summit, where she joined a panel on “SheWorks Period Check”, and SOCAP24.

These events reinforced our role as a trusted voice in menstrual cycle education, both locally and globally.

Business Development and Media Engagement

We significantly expanded our media and stakeholder engagement this year, using storytelling and partnerships to strengthen our impact and visibility.

We contributed to high-profile media platforms, including:

• The Real Show Liverpool on Liverpool Live Radio

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• The Hive Collective Podcast , where we discussed the role of cycle awareness in shifting power in nonprofits

• A feature on The Webinar Vet’s Podcast , spotlighting the intersection of menstrual health and professional wellbeing.

We also invested in meaningful partnerships by:

• Sponsoring OC2023 and OC2024 with menstrual products and self-care items,

• Collaborating with The InterNational Education (TINE) Africa Summit to enhance the participant experience with tailored self-care resources.

Participation in these initiatives not only broadened our reach but also deepened our relationships with like-minded organisations and changemakers.

Volunteer Contributions

Volunteers played a critical role in delivering Period Reality’s mission during the reporting period. As the charity operated without any paid staff during this time, volunteer contributions were essential to achieving both day-to-day operations and our broader charitable aims.

Across the year, volunteers were active in nearly every area of our work — from programme delivery and workshop facilitation, to research, graphic design, communications, translation, governance, and operations. Their involvement enabled us to deliver both in-person and online activities in the UK, Kenya, Nigeria, and Pakistan. This included high-impact workshops, awareness campaigns, local events, and international convenings.

In total, an estimated 1,853 hours were contributed by volunteers. Using a benchmark value of £10.42 per hour (aligned with the UK National Living Wage at the time), this represents a non-financial contribution of approximately £19,308.26. While this figure is not included in the Statement of Financial Activities, it is disclosed in Note 5 of the financial statements to illustrate the scale of this support.

Our volunteers not only expanded our delivery capacity but also enriched the quality of our programmes by bringing lived experience, professional expertise, and a strong sense of shared purpose to the work. Their dedication and impact remain central to our success.

We remain deeply grateful to our volunteer team for their energy, time, and commitment, and we continue to build our internal systems to better support and recognise their contributions.

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Achievements and Performance

In the past year, Period Reality continued to advance its mission to break taboos, promote body literacy, and embed menstrual health into mainstream conversations across sectors and continents. Through bold campaigns, knowledge-building workshops, and strategic collaborations, we empowered thousands with the tools and confidence to understand and advocate for their menstrual health.

Key Achievements

• Expanded Reach and Inclusion: our direct programmes impacted over 4,000 individuals, with tailored content delivered to youth, corporate teams, healthcare providers, and community leaders. This included high-engagement workshops, corporate training, and youth-centred community events.

• Built Community Capacity: we launched our first Cycle Awareness Hub in Kenya, a model that now anchors ongoing education for local girls and women. Our Train-the-Trainers workshops also strengthened local delivery capacity in the UK, Kenya and Pakistan.

• Youth Empowerment: targeted sessions with adolescent girls in Kenya and the UK—such as those supported by Everton in the Community and Sadili Oval Sports Academy—offered safe, affirming spaces to explore menstrual health topics often left unaddressed at home or school.

• Support for Young Mothers: through a 4-day training programme funded by the Community Foundation for Merseyside Women’s Fund, we provided young mothers in supported housing with not just education, but also community, confidence, and practical support.

• Global Solidarity and Advocacy: through campaigns in Nigeria and Pakistan, and representation at events like SOCAP24, The Sanicle Menstrual Health Summit, and the Menstruation Research Network global conference, we contributed to a growing global movement for menstrual equity and policy change.

Difference Made to Benefciaries

Across every initiative, we saw consistent shifts in:

• Knowledge and understanding: participants reported increased awareness of the menstrual cycle and its impact on daily life.

• Confidence and openness: many shared that it was their first time speaking openly about menstruation. Our work is helping to reduce shame and silence around this natural experience.

• Access to resources: whether through care kits, downloadable resources, or local facilitators, individuals were left better equipped to manage their health.

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One young mother from our OurHouse training programme shared, “This is the first time I felt seen as a mum, not just a statistic. It’s helped me feel proud of my body again.”

Wider Societal Benefts

• Normalising Menstruation Across Sectors: from boardrooms to community halls, our work brought cycle awareness into new spaces. Corporate partners reported improved awareness and conversations about inclusion and wellbeing within their teams.

• Shaping Public Dialogue: appearances on live radio, podcasts, and public lectures helped move menstruation from a hidden issue to a recognised health and equity concern.

• Contributing to Structural Change: by participating in policy-facing forums, we helped position menstrual health as a legitimate component of global equity and development conversations.

Performance Metrics (2023–2024)

Focus Area	Key Metrics
Workshops & Training	14+ sessions across corporate, community, and educational
	settings
Campaigns & Outreach	5 major regional and international awareness campaigns
Conferences & Panels	Representation at 6+ strategic events globally
Youth & Community Impact	3 fagship youth-focused programmes reaching over 700
	girls and young women
Media & Advocacy	3 media engagements across radio and podcast

Period Reality’s has significantly enhanced menstrual health education, promoted gender equity, and strengthened community resilience. By integrating cycle awareness discussions into corporate, academic, and grassroots settings, we are shaping a more informed and inclusive society.

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Financial Review

This report covers the first full reporting period for Period Reality CIO and its trading subsidiary, Period Reality Group Ltd (PRG Ltd). The consolidated accounts show a total income of £14,681.00 and total expenditure of £21,045.14, resulting in a net deficit of £6,364.14 for the group.

At the end of the reporting period, Period Reality CIO held a deficit of £65.50 in total, with the £2546.82 balance in the unrestricted fund contributed towards closing the deficit of £2,612.32 in unrestricted funds. PRG Ltd held £600.00 in restricted funds and a deficit of £6,477.84 in unrestricted funds. This reflects startup costs incurred during the year and the use of unrestricted income to subsidise programme and development activities across both entities.

Reserves Policy

As this is the charity’s first year of operation, the trustees have not yet established a formal reserves policy. No reserves were held at the reporting date. The trustees recognise the importance of building reserves to strengthen financial resilience and sustainability. A reserves policy will be developed during the next reporting period as part of broader governance and operational planning.

In the meantime, the charity continues to work with its dedicated team of volunteers to deliver its activities cost-effectively and to improve internal systems and income diversification to support long-term sustainability.

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Going Concern

The trustees have reviewed the charity’s financial position and future plans and believe that there are no material uncertainties about the charity’s ability to continue as a going concern. However, this assessment is based on continued volunteer engagement and the successful delivery of current and planned fundraising activities. A pipeline of grant applications and partnership opportunities is in place to support future delivery.

Funds in Deficit

The subsidiary company, PRG Ltd, closed the reporting period with a net liability position of £6,298.64. This deficit arose primarily from business development investments and subsidised programme delivery, where full cost recovery was not possible in the first year. The trustees and management team are actively reviewing the subsidiary’s financial strategy and exploring ways to increase earned income, streamline operations, and recover costs in future trading periods.

Key Risks Identified and Managed During the Reporting Year

As part of our risk management responsibilities, we reviewed the major risks to which the charity is exposed. The key risks identified during the reporting period, along with the steps taken to mitigate them, are outlined below:

• Failure to Achieve Strategic Deliverables : The charity recognised that limited internal capacity and broad ambitions made it difficult to execute strategic plans effectively. The charity responded by prioritising and breaking down broad goals into more achievable, time-bound deliverables, while improving oversight through more structured planning and review cycles.

• Cashflow – failure to secure adequate income : A significant risk continues to be the ability to secure consistent and diversified income streams. This impacts operational continuity and the scale of programme delivery. As part of our response, we have taken steps to enhance our fundraising strategy and business development efforts while monitoring cash flow to maintain financial stability.

• Unable to articulate a clear, engaging message : The charity identified a gap in how its mission and impact were being communicated to key audiences, To address this, we have refined our communications framework, updated our messaging to better align with our values and goals, and improved our communications materials to effectively convey our mission and engage stakeholders.

For a comprehensive overview of all identified risks and corresponding treatments, a link to the full Risk Register has been provided for reference.

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Administrative Details

• Charity Name

  • Period Reality CIO

  • Trading Subsidiary- Period Reality Group Limited (PRG LTD)

• The charity registration number(s) for the jurisdiction(s) in which it is registered as a charity and, if applicable, its company registration number

  • 1205868 (Registered with the Charity Commission for England and Wales)

  • Trading Subsidiary- 13429215 (Registered with Companies House)

• The address of the principal office of the charity and, in the case of a charitable company, the address of its registered office

  • 4 Overdale Avenue Wirral CH61 1DB

• Trustees Serving During the Reporting Period:

  • David Martin Physick (Appointed 31 May 2021)

  • Jane Lindsay Dalton (Appointed 31 May 2021)

  • Michael Sani (Appointed 31 May 2021)

  • Dr. Katerina Bambang (Appointed 31 May 2021)

• Where a charity has any corporate trustees, the names of the directors of the body corporate on the date the report was approved;

  • Trading Subsidiary Director- Marlou Cornelissen

Statement From the Chair

At Period Reality, our core mission is to advance education on menstruation for public benefit. We believe that improving menstrual health awareness is crucial in achieving gender equity and creating an inclusive society.

Throughout the past 1 year, we have remained committed to our purpose by delivering impactful educational initiatives, advocacy efforts, and partnerships. Our work has helped to challenge outdated narratives surrounding menstruation, increase access to essential knowledge, and create supportive environments for people with periods.

The trustees have fully regarded the Charity Commission’s guidance on public benefit. In all our activities, we ensure that our work contributes meaningfully to society by making menstrual health education accessible to all, particularly marginalised and underrepresented communities. By fostering open conversations and providing high-quality resources, we empower individuals to understand their bodies, advocate for their health, and engage with institutions to drive systemic change.

Our partnerships with educational institutions, corporate organisations, and community groups have been instrumental in amplifying our message and expanding our reach. We have worked closely with businesses to create more menstrual-inclusive workplaces, delivered

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training sessions for educators, and developed programmes that address the knowledge gap surrounding menstrual health.

As a charity, we are deeply committed to transparency, good governance, and accountability. We, as trustees, periodically review the charity activities to ensure they align with our charitable objectives and maximise public benefit. We continuously assess our impact, using feedback and data to refine our approach and ensure our resources effectively serve our beneficiaries and the general public at large.

Looking ahead, Period Reality will continue to drive forward its mission, working towards a world where everyone, regardless of their background or circumstances, has the knowledge and tools to live in sync with their menstrual cycle. Through continued advocacy, education, and collaboration, we strive to inspire lasting societal change and achieve our ambitious goal of inspiring, educating and empowering 1 billion people by 2030.

David Physick

Chair of The Board of Trustees

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SoFA

	Section A Statement of Financial Activities	Section A Statement of Financial Activities	Section A Statement of Financial Activities	Section A Statement of Financial Activities	Section A Statement of Financial Activities
		PR CIO				PRG LTD
A A1 A2 A3 A4 B B1 B2 i ii iii B3 B4	Income(Note 4)	Unrestricted funds (£)	Restricted funds (£)	Total funds (£)		Unrestricted funds (£)	Restricted funds (£)	Total funds (£)		Previous Period (£)
	Donations	-£ 4,121.65-	-£ 1,940.35-	-£ 6,062.00-						-
	Grants	-£ - -	-£ 6,750.00-	-£ 6,750.00-						-
	Charitable Activities	-£ 140.00-	-£ - -	-£ 140.00-						-
	Other Trading Activities	-£ 119.00-	-£ - -	-£ 119.00-		-£ 930.00-	-£ 680.00-	-£ 1,610.00-		-
	Total Income Expenditure(Note 6)	-£ 4,380.65-	-£ 8,690.35-	-£ 13,071.00-		-£ 930.00-	-£ 680.00-	-£ 1,610.00-		-
	Charitable Activities	-£ 1,657.42-	-£ 9,502.67-	-£ 11,160.09-						-
	Expenditure on Raising Funds
	Grant seeking Costs	-£ 37.00-	-£ - -	-£ 37.00-						-
	Business Development Activities					-£ 6,825.72-	-£ - -	-£ 6,825.72-		-
	PRG LTD's Trading activities					-£ 1,002.92-	-£ - -	-£ 1,002.92-		-
	Total Expenditure on Rasing Funds	-£ 37.00-	-£ - -	-£ 37.00-		-£ 7,828.64-	-£ - -	-£ 7,828.64-
	Separate material item of expense	-£ - -	-£ 1,800.00-	-£ 1,800.00-		-£ - -	-£ 80.00-	-£ 80.00-		-
	Other	-£ 139.41-	-	-£ 139.41-		-£ - -	-£ - -	-£ - -		-
	Total Expenditure NET INCOME/(EXPENDITURE) Transfers between funds Reconciliation of funds Total funds brought forward Total funds carried forward
		-£ 1,833.83-	-£ 11,302.67-	-£ 13,136.50-		-£ 7,828.64-	-£ 80.00-	-£ 7,908.64-		-
		-£ 2,546.82-	-£ 2,612.32-	-£ 65.50-		-£ 6,898.64-	-£ 600.00-	-£ 6,298.64-		-
		- - - - - - - - -				- - - - - - - - -				- - -
		-£ 2,546.82-	-£ 2,612.32-	-£ 65.50-		-£ 6,898.64-	-£ 600.00-	-£ 6,298.64-		-

Balance Sheet

----- Start of picture text -----
Section B Balance sheet
PR CIO PRG LTD
Unrestricted Restricted Unrestricted Restricted
Previous
funds funds Total funds funds funds Total funds
Period (£)
(£) (£) (£) (£) (£) (£)
Analysis
A Fixed Assets £ - £ - £ - £ - £ - £ - -
B Current assets:
B1 Cash at bank and in hand £ 2,546.82 -£ 2,012.32 £ 534.50 £ - £ 600.00 £ 600.00 -
Total Assets £ 2,546.82 -£ 2,012.32 £ 534.50 £ - £ 600.00 £ 600.00 -
C Liabilities:
C1 Creditors: Amounts falling due within one year £ - £ 600.00 £ 600.00 £ 6,477.84 £ - £ 6,477.84 -
Total assets less current liabilities £ 2,546.82 -£ 2,612.32 -£ 65.50 -£ 6,477.84 £ 600.00 -£ 5,877.84 -
C3 Creditors: Amounts falling due after one year £ - £ - £ - £ 1,000.00 £ 1,000.00 -
Total net assets or liabilities £ 2,546.82 -£ 2,612.32 -£ 65.50 -£ 7,477.84 £ 600.00 -£ 6,877.84 -
D Funds of the Charity
D2 Restricted income funds (Note 27) £ - £ - £ - £ 600.00 £ 600.00 £ -
D3 Total Unrestricted funds £ 2,546.82 -£ 2,612.32 -£ 65.50 -£ 6,477.84 -£ 6,477.84 £ -
----- End of picture text -----

Note 1 Basis of Preparation

Section C Notes to the accounts Note 1 Basis of preparation 1.1 Basis of accounting These accounts 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 accounts have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – Charities SORP (FRS 102), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The charity meets the definition of a public benefit entity under FRS 102.

1.2 Going concern

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

Note 2 Accounting Policies

Section C Notes to the accounts (contd)

Note 2 Accounting Policies

2.1 Reconciliation with Previously Generally Accepted Accounting Practicies

As this is the charity’s first year of preparing statutory accounts, there is no reconciliation required with previously generally accepted accounting practices.

2.2 Income Recognition

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

	This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.	This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.	This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.	This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.	This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.	This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.
	Recognition of income These are included in the Statement of Financial Activities (SoFA) when: · the charity becomes entitled to the resources;
	· it is more likely than not that the trustees will receive the resources; and	Yes No N/a
	·the monetary value can be measured with sufficient reliability.
	Offtti There has been no offsetting of assets and liabilities, or income and expenses, unless	Yes No N/a
	seng required or permitted by the FRS 102 SORP or FRS 102.
	Gt d dti Grants and donations are only included in the SoFA when the general income	Yes No N/a
	rans an onaons recognition criteria are met (5.10 to 5.12 FRS102 SORP).
	In the case of performance-related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to	Yes No N/a
	the grant only occurs when the performance-related conditions are met (5.16 FRS 102 SORP).
	Leacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets	Yes No N/a
	g in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.
	Gt t Th hit h id t t i th ti id	Yes No N/a
	overnmen grans e cary as receve governmen grans n e reporng pero
	T li dti d ift Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that	Yes No N/a
	ax recams on onaons an gs gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
	Contractual income and performance This is only included in the SoFA once the charity has provided the related goods or	Yes No N/a
	related grants services or met the performance related conditions.
	Dtd d Donated goods are measured at fair value (the amount for which the asset could be	Yes No N/a
	onae goos exchanged) unless impractical to do so.
	The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on	Yes No N/a
	receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.

Note 2 Accounting Policies

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Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in Yes No N/a
'Income from other trading activities' with the corresponding stock recognised in the
balance sheet. On its sale the value of stock is charged against 'Income from other
trading activities' and the proceeds from sale are also recognised as 'Income from
other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets Yes No N/a
and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations Yes No N/a
when receivable.
Donated services and facilities are included in the SOFA when received at the value of Yes No N/a
Donated services and facilities
the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as Yes No N/a
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
Yes No N/a
Support costs The charity has incurred expenditure on support costs.
Yes No N/a
The value of any voluntary help received is not included in the accounts but is
Volunteer help
described in the trustees’ annual report.
Income from interest, royalties and This is included in the accounts when receipt is probable and the amount receivable Yes No N/a
dividends can be measured reliably.
Membership subscriptions received in the nature of a gift are recognised in Donations Yes No N/a
Income from membership subscriptions
and Legacies.
Membership subscriptions which gives a member the right to buy services or other Yes No N/a
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
Insurance claims are only included in the SoFA when the general income recognition Yes No N/a
Settlement of insurance claims criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
This includes any realised or unrealised gains or losses on the sale of investments and Yes No N/a
Investment gains and losses any gain or loss resulting from revaluing investments to market value at the end of the
year.
2.3 EXPENDITURE AND LIABILITIES
Liabilities are recognised where it is more likely than not that there is a legal or Yes No N/a
Liability recognition constructive obligation committing the charity to pay out resources and the amount
of the obligation can be measured with reasonable certainty.
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Note 2 Accounting Policies

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Support costs have been allocated between governance costs and other support. Yes No N/a
Governance and support costs Governance costs comprise all costs involving public accountability of the charity and
its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost Yes No N/a
categories on a basis consistent with the use of resources, eg allocating property
costs by floor areas, or per capita, staff costs by the time spent and other costs by
their usage.
Where the charity gives a grant with conditions for its payment being a specific level Yes No N/a
Grants with performance conditions 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 Where there are no conditions attaching to the grant that enables the donor charity Yes No N/a
conditions to realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
Yes No N/a
Redundancy cost The charity made no redundancy payments during the reporting period.
Yes No N/a
Deferred income No material item of deferred income has been included in the accounts.
Creditors The charity has creditors which are measured at settlement amounts less any trade Yes No N/a
discounts
A liability is measured on recognition at its historical cost and then subsequently Yes No N/a
Provisions for liabilities measured at the best estimate of the amount required to settle the obligation at the
reporting date
The charity accounts for basic financial instruments on initial recognition as per Yes No N/a
Basic financial instruments paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
2.4 ASSETS
There were no fixed assets held by either the CIO or PRG Ltd during the reporting period.
POLICIES ADOPTED ADDITIONAL TO
OR DIFFERENT FROM THOSE ABOVE The charity has adopted an internal Finance Policy to support operational decision-making and financial controls. This policy aligns
with the accounting policies described above and does not introduce any treatments that are inconsistent with SORP FRS 102.
Copies of the Finance Policy are available upon request.
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Note 3 Income Statement

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Section C Notes to the accounts (cont)
Note 4 Analysis of income
Analysis Unrestricted Restricted Total funds Previous
Donations and gifts £ 4,121.65 £ 1,940.35 £ 6,062.00 -
Donations: Donated goods, facilities and £ - £ - £ - -
Other £ - £ - £ -
Total £ 4,121.65 £ 1,940.35 £ 6,062.00 -
Grants provided by
government/other organisations £ - £ 6,750.00 £ 6,750.00 -
Grants:
Other
£ - £ - £ - -
Total £ - £ 6,750.00 £ 6,750.00 -
Charitable activities: Community Training Programs £ 140.00 £ - £ 140.00 £ -
Other £ - £ - £ - -
Total £ 140.00 £ - £ 140.00 -
Income from Program
Other trading activities: Tickets/Merch £ 119.00 £ - £ 119.00 -
Total £ 119.00 £ - £ 119.00 -
CHARITY'S TOTAL INCOME £ 4,380.65 £ 8,690.35 £ 13,071.00 -
Corporate Trainings £ 700.00 £ - £ 700.00
PRG LTD's Trading Online Training £ 230.00 £ - £ 230.00 -
Activities: Sponsorship £ - £ 600.00 £ 600.00
Other £ - £ 80.00 £ 80.00 -
Total £ 930.00 £ 680.00 £ 1,610.00 -
TOTAL INCOME £ 5,310.65 £ 9,370.35 £ 14,681.00 -
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Note 5 Donated Goods and Services

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Section C Notes to the accounts (cont)
Note 5 Donated goods, facilities and services
Current Period Previous Period
Donated goods, facilities, and services are recognised as income where the benefit to the
Please provide details of the accounting policy for the charity is reasonably quantifiable and measurable. Donated services are included in income
recognition and valuation of donated goods, facilities where they would otherwise have been purchased, and are recognised on the basis of
and services. estimated value to the charity. Volunteer time is not recognised in the Statement of Financial
Activities but is described in the narrative below.
Please provide details of any unfulfilled conditions and
Not applicable. There are no unfulfilled conditions or contingencies associated with donated
other contingencies attaching to resources from
services.
donated goods and services not recognised in income.
Volunteers played a crucial role in all aspects of our work this year, from supporting operations
to delivering workshops to supporting brand and website design and social media content
creation. Their combined contribution reflects a significant value to our operations and our
Please give details of other forms of other donated
beneficiaries.
goods and services not recognised in the accounts, eg
contribution of unpaid volunteers.
In this reporting period, volunteers contributed an estimated 1,853 hours of time. Using a
standard rate of £10.42 per hour, this equates to an estimated non-financial contribution of
£19,308.26.
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Note 6 Expenditures

Section C Notes to the accounts (cont)

	Section C Notes to the accounts	(cont)	(cont)	(cont)	(cont)
	Note 6 Analysis of expenditure
		Current Period Previous Period (£) Unrestricted funds (£) Restricted funds (£) Total funds (£)
	Analysis	Unrestricted funds (£)	Restricted funds (£)
	Expenditure on raising funds:
	Incurred seeking donations/grants	-£ 37.00-	-£ --	-£ 37.00-
	Total	-£ 37.00-	-£ --	-£ 37.00-
	Business development activities
	Travel & Hotel Expenses for publicity	-£ 4,260.10-	-£ --	-£ 4,260.10-
	Event/Conference attendance	-£ 1,823.04-	-£ --	-£ 1,823.04-
	Branded event items for publicity	-£ 604.16-	-£ --	-£ 604.16-
	other publicity costs	-£ 138.42-	-£ --	-£ 138.42-
	Total	-£ 6,825.72-	-£ --	-£ 6,825.72-
	PRG LTD's Trading Activities:
	Start-up costs incurred in generating new source of future income	-£ 141.27-	-£ --	-£ 141.27-
	Telecomunications software	-£ 233.85-	-£ --	-£ 233.85-
	Website & Hosting	-£ 548.40-	-£ --	-£ 548.40-
	Governance	-£ 79.40-	-£ --	-£ 79.40-
	Other trading activities	-£ --	-£ --	-£ --
	Advertising, marketing, direct mail and publicity	-£ --	-£ --	-£ --
	Total	-£ 1,002.92-	-£ --	-£ 1,002.92-
	Total expenditure on raising funds Expenditure on charitable activities:	-£ 7,865.64-	-£ --	-£ 7,865.64-
	Information Booth at Conference	-£ 481.51-	-£ --	-£ 481.51-
	Local Community Training Programs	-£ 97.09-	-£ 7,318.95-	-£ 7,416.04-
	Cycle Awarenss Summit Nairobi	-£ 928.82-	-£ 2,183.72-	-£ 3,112.54-
	Kairos Nigeria- Menstrual Hygine Sensitization	-£ 150.00-	-£ --	-£ 150.00-

Note 6 Expenditures

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Total expenditure on charitable activities £ 1,657.42 £ 9,502.67 £ 11,160.09
Separate material item of expense
Legal fees for registering CIO £ - £ 1,800.00 £ 1,800.00
Disbursement of funds donated for Volunteers £ - £ 80.00 £ 80.00
Total £ - £ 1,880.00 £ 1,880.00
Other
Multi currency Acount opening fee £ 45.00 £ - £ 45.00
Bank charges £ 49.61 £ - £ 49.61
Miscellenous £ 44.80 £ - £ 44.80
Total other expenditure £ 139.41 - £ 139.41
TOTAL EXPENDITURE £ 9,662.47 £ 11,382.67 £ 21,045.14
Other information:
Analysis of expenditure on charitable activities
Current Period
Activities Grant
undertaken funding of Support Total this Previous
Activity or programme directly activities Costs year Period
£ £ £ £ £
Happier Life Conference Information Booth £ 481.51 £ - £ - £ 481.51
Kairos Nigeria- Menstrual Hygine Sensitization £ - £ 150.00 £ - £ 150.00
Everton Girls Traning Program £ 97.09 £ - £ - £ 97.09
Cycle Awareness Summit Nairobi £ 3,112.54 £ - £ - £ 3,112.54
Women's Fund Program £ 7,318.95 £ - £ - £ 7,318.95
Total £ 11,010.09 £ 150.00 £ - £ 11,160.09
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Note 20 Creditiors and Accruals

	Section C	Notes to the accounts		(cont)
	Note 20 Creditors and accruals
	20.1 Analysis of creditors
		Amounts falling due within one year		Amounts falling due after more than one year
		Total funds	Previous	Total funds	Previous
		(£)	Period (£)	(£)	Period (£)
	Trade creditors	-£ 6,477.84-	- - -	- - -	- - -
	Other creditors	-£ 600.00-	- - -	-£ 1,000.00-	- - -
	**Total **	-£ 7,077.84-	- - -	-£ 1,000.00-	- - -

Note

The short-term creditors of £6,477.84 relate to trade payables incurred by Period Reality Group Ltd as part of business development and programme delivery activities.

A further £600.00 of short-term creditors relates to legal fees incurred by Period Reality CIO for its registration. These costs were invoiced prior to the reporting date and settled in December 2024, after the period end.

The long-term creditor of £1,000.00 represents an interest-free loan provided to PRG Ltd to support start-up operations. Repayment is deferred beyond one year.

Note 24 Cash at bank and in hand

Section C Notes to the accounts (cont) Note 24 Cash at bank and in hand

Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand PR CIO PRG Ltd Other Total
	Current Period (£) Previous Period (£)
	-	- - -
	-	- - -
		- - -
	-£ 600.00-
	- - -	- - -
	-£ 600.00-	- - -

Note 27 Fund Accounting

Section C Notes to the accounts (cont) Note 27. Details of material funds held and movements during the CURRENT reporting period

Note 27. Details of material funds held and movements during the CURRENT reporting period

	Note 27. Details of material funds held and movements during the CURRENT reporting period	Note 27. Details of material funds held and movements during the CURRENT reporting period	Note 27. Details of material funds held and movements during the CURRENT reporting period	Note 27. Details of material funds held and movements during the CURRENT reporting period	Note 27. Details of material funds held and movements during the CURRENT reporting period	Note 27. Details of material funds held and movements during the CURRENT reporting period	Note 27. Details of material funds held and movements during the CURRENT reporting period	Note 27. Details of material funds held and movements during the CURRENT reporting period
	Fund Name Type Purpose and Restrictions Opening Balance Income (£) Expenditure (£) Transfers (£) Gains and losses (£) Closing Balance (£)
	General Fund	UR For general charitable operations	- £4,121.65 £4,121.65 - - -
	Donations to Appreciate Volunteers Sponsorship – BCorp Certification CIO Registration & Setup Cycle Awareness Summit – Nairobi Women’s Fund Programme	R For volunteer appreciation activities R For supporting PRG Ltd’s BCorp certification p R For legal, setup, and governance costs R For delivering the Summit in Kenya R For UK-based training programmes	- £80.00 £80.00 - - - - £600.00 - - - £600.00 - £313.06 £1,800.00 - - - - £1,627.29 £2,183.72 - - - - £6,750.00 £7,318.95 - - -
	Total funds		-	-£ 9,370.35-	**-£ 11,382.67- **	-£ - -	-£ - -	-£ 600.00-

Note 28 Transations with Trustees and related part

Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

28.1 Trustee remuneration and benefits

Current year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE

28.2 Trustees' expenses

No trustee expenses have been incurred (True or False)

TRUE

28.3 Transaction(s) with related parties

Current year

	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)					FALSE
	Name of the trustee or related party	Relationship to charity	Description of the transaction(s)		Amount	Balance at period end	Provision for bad debts at period end Amounts written off during reporting period
					£	£	£ £
	PLAY VERTO GLOBAL LTD	Partner	Play Verto designed an Imapct Mesurement Tool that we use in field work		250	0	0 0

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

For any related party, please provide details of any guarantees given or received.

The transaction with Play Verto Global Ltd was for the design of an impact measurement tool used in the charity’s fieldwork activities. The service was provided at a fair market rate, and the total cost of £250 was settled in full during the reporting period.

We have a contract outlining the nature and scope of the work. No ongoing services are anticipated under this contract, and no further payments are expected.

There was no security provided, and standard invoicing and payment terms applied. No guarantees were given or received in relation to the above transaction.