2023 has been a busy year for HundrED as we put our renewed strategy into action. In 2023, we began to see the effects of inflation and a looming recession in the education sector, and we anticipate that these trends will deepen through 2024 and potentially beyond. Because of this, many public, private, and philanthropic supporters of the sector may take a more conservative approach to strategic spending decisions. We expect that these shifts in the funding dynamics will cause some creative destruction in the sector as priorities evolve and organisations are forced to adapt. We encourage all education innovators to prepare today for these approaching headwinds. At HundrED, we commit to doing our best to provide critical support to protect and continue to increase our collective impact during these times.