**REGISTERED COMPANY NUMBER: 02761858 (England and Wales) REGISTERED CHARITY NUMBERS: England and Wales: 1015286, Scotland: SC041481**
**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **FOR**
## **RESULTS EDUCATION**
Chariot House Limited Chartered Accountants and Statutory Auditor 44 Grand Parade Brighton BN2 9QA
**RESULTS EDUCATION**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 18|
|**Report of the Independent Auditors**|19 to 22|
|**Statement of Financial Activities**|23|
|**Balance Sheet**|24|
|**Cash Flow Statement**|25|
|**Notes to the Cash Flow Statement**|26|
|**Notes to the Financial Statements**|27 to 39|
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
02761858 (England and Wales)
**Registered Charity number** 1015286
## **Registered office**
The Chandlery Unit 702 50 Westminster Bridge Road London SE1 7QY
## **Trustees**
K Blackaby (resigned 24/3/2024) M Fagbayi C Fay F Z Nazir (resigned 24/3/2024) N Kroger R Morgan S S Prabhu K Naker N Adhikari (resigned 9/1/2025) C Martin R E L Rushworth (appointed 6/9/2024) K J Downard (appointed 18/11/2024) D Saha (appointed 18/11/2024) B K Ndede (appointed 18/11/2024) (resigned 9/1/2025)
## **Company Secretary**
S J Mussawir-Key
## **Senior Statutory Auditor**
Shona Wardrop C.A.
## **Auditors**
Chariot House Limited Chartered Accountants and Statutory Auditor 44 Grand Parade Brighton BN2 9QA
## **Bankers**
Santander UK Bridle Road Bootle L30 4GB
Lloyds Bank plc 25 Gresham Street London EC2N 7HN
Page 1
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Executive Team** CEO K Arie Head of Policy Advocacy A Runswick Head of Parliamentary Advocacy L Drescher Head of Campaigns N Chaudhri Head of Operations S Brookes
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of RESULTS Education for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards 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 charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **AUDITORS**
The auditors, Chariot House Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Page 2
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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 with, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
## **Co-Chairs' Message**
2024 marked the second year of our seven-year strategy, and we are proud of how our approach positioned us to meet both opportunities and challenges head-on. The change in government brought a significant influx of new MPs, and our staff and grassroots volunteers responded with remarkable energy and effectiveness-introducing our advocacy work to new parliamentarians and securing policy influence during a critical time for UK development leadership.
A major highlight was the renewal of our Gates-funded ACTION grant, now extended through 2028. We also renewed our education grant, enabling us to continue advocating for the importance of foundational learning, including in partnership with two of our Hosted Organisations: the International Parliamentary Network for Education (IPNEd) and the Send My Friend to School (SMF) campaign. These funding successes reflect confidence in Results UK's strategic direction and operational capacity, even as we navigated rising costs and difficult restructuring decisions.
At the Board level, we have continued to strengthen our governance with quarterly meetings and active engagement through our sub-committees on anti-oppression, HR, and finance. This year, we focused on building psychological safety and deepening our understanding of power, privilege, and positionality-important steps in ensuring that our values are embedded not just in our advocacy, but in our internal culture. We also welcomed three new trustees to the team, further strengthening our leadership.
Results UK's work continues to deliver real public benefit, improving access to health, education, and nutrition for people living in poverty by influencing public policy and resource allocation. As detailed throughout this report, our collective efforts have contributed to several key achievements: increased UK investment in TB diagnostics and treatment in low-income countries, ensuring that foundational learning and education in emergencies remains a priority for the UK government, and increased support for nutrition financing.
We are pleased to close the year in a healthy financial position, allowing us to make needed investments in our organisational systems. As Co-Chairs, we thank our dedicated staff, grassroots network, hosted organisations, and partners for their extraordinary contributions this year. Together, we remain committed to realising our mission: a world without poverty.
## **Motunrayo Fagbayi and Nicolas Kröger - Results UK Co-Chairs**
Page 3
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Chief Executive Officer's Report**
While 2024 was another difficult year on many fronts for our sector, we can be proud of what we have accomplished across all our issue areas. Highlights include our work on antimicrobial resistance (AMR) to coincide with the UN High Level Meeting on AMR in September and publication of a powerful policy report with Results Canada on meeting the financial targets for TB research and development to ensure all people can benefit from scientific progress, as well as an increased focus on nutrition, including the publication of an excellent policy report on debt and nutrition, 'Bad Loans, Poor Nutrition: Why debt justice - along with more and better 'aid' - is essential to end global malnutrition', which argues that the UK is allowing vulnerable countries to drown in debt while providing them with insufficient overseas development assistance.
In 2024 we re-engaged on RMNCH (Reproductive, Maternal, Newborn, and Child Health) advocacy, supporting the Head of the Secretariat from the Global Financing Facility to present at a Parliamentary roundtable and to meet with NGOs across the health, and sexual and reproductive health, and rights sectors. In the last few months of the year, we launched a powerful but nuanced campaign action on supporting the World Bank's International Development Association's replenishment, in addition to hosting roundtables for teams from Gavi and the Global Fund. We also worked across teams to plan a visit of the French Special Envoy for Nutrition for Growth in December.
We were delighted that our biggest grant from the Gates Foundation was renewed for another four years, and we are looking forward to working with partners around the world on the deliverables. Unfortunately a slight decrease in the amount of funding alongside rising costs meant that we needed to undertake an organisational restructure, but I am confident that we have a strong team in place to continue to deliver impact.
Finally, we moved again, this time to a bright, new space in a great neighbourhood, kickstarted line manager training, and welcomed many new members of staff to the team who show enthusiasm and great talent.
I'm proud that we achieved so much in 2024 - far more than can be mentioned here - but most importantly we have set ourselves up for another successful year in 2025.
## **Kitty Arie, Chief Executive Officer**
Page 4
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
## **Who we are - Vision, Mission and Values**
Results is a movement of passionate, committed people. Together as staff and grassroots activists, we use our voices to influence political decisions that will bring an end to poverty.
Our advocacy is built on global solidarity, partnership and shared empowerment. This is crucial to challenging the racist, colonial and oppressive narratives that have underpinned development and that help to both create and maintain poverty.
## **Our vision**
A world without poverty.
## **Our mission**
To create the public and political will to end poverty by enabling people to exercise their own personal and political power for change.
## **Our values**
**Equality** - Power is not distributed equally; it can be taken from communities and hoarded in other regions, countries or international structures. There are structural barriers that can prevent people from taking action or participating in finding solutions to end poverty. Language, narratives and frameworks can be used to reinforce this inequality. We will take action to challenge this wherever we find it.
**Anti-oppression** - We believe that we cannot end poverty without also actively using our voice to challenge the injustice and oppression, including systemic racism, that contributes to poverty. Oppression in all its forms must be challenged from a position of solidarity and justice in both our advocacy and the way we work.
**Participation** - People everywhere have the right to actively participate in the organisation and running of their society. We believe that individuals and communities being able to exercise this right is fundamental to finding the solutions to ending poverty.
**Partnerships** - We believe that working collaboratively with others towards shared goals is essential for creating meaningful change. We recognise that the primary experience of poverty and its solutions are best understood by the people who experience it.
**Accountability** - We believe that citizens everywhere have the right to hold their governments to account. People in the UK and around the world who want to fight global poverty can and should hold their governments and global institutions to account for how much money is spent on development, how it is spent, and whether promises are kept. Accountability also means that we take responsibility for our own actions and hold ourselves accountable for achieving meaningful results and material change through our work.
**Integrity** - We will challenge behaviours, narratives, framings and language that are not consistent with our values. We will use robust evidence to inform our advocacy and will not advocate for proposed policies and practices that are not supported by evidence or which we do not think will work.
## **How we are organised**
Our approach to influencing change on the issues we focus on (currently global nutrition, health and education) involves three mutually supportive forms of advocacy:
**Grassroots Advocacy.** Our grassroots advocates are extraordinary campaigners who are deeply engaged to a level that almost no other organisation can boast, speaking and acting powerfully within their communities, and building relationships with their elected representatives and other decision makers.
**Parliamentary Advocacy.** We prioritise building relationships with parliamentarians, helping create champions for our development issues, ready to influence governments and other decision-makers. We pride ourselves on our ability to build powerful and lasting relationships with parliamentarians from across political parties.
Page 5
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
**Policy Advocacy** . Through our policy work we develop expertise on our issue areas, establishing Results as a credible voice that engages directly with technical policy-makers. Policy advocacy staff engage in discussions with civil servants in the UK and in international organisations, and move other civil society organisations to take up our policy positions.
**Operations.** Supporting these three advocacy pillars, and the work of our Hosted Organisations (see below), our Operations Team comprises our resource mobilisation, finance and HR functions, ensuring the organisation has the systems and resources in place to do our work.
## **Commitment to anti-oppression**
Building on the new approach launched at the end of 2023, we focused our anti-oppression work more specifically on our advocacy this year and on capacity building at the Board level.
We continued to focus on anti-racist language and framing in development communications and advocacy in 2024. We initiated an internal communications newsletter that included exercises to help staff examine their own writing. Our work plans explicitly link to our strategic goals on anti-oppression and each member of staff has an annual objective related to anti-oppression. In the next year, we hope to extend our anti-oppression work out from the formal training programme and include more social and cultural events.
The Board anti-oppression sub-committee has focused on building psychological safety at the Board and has run training sessions. This is particularly important as trustees are coming from different professional backgrounds and don't all have the same understanding and experience of anti-oppression.
## **Significant activities**
We have structured the Strategic Report below around the Goals in our Strategic Plan 2023-30.
## **Goals**
1. To shift power and amplify the voices of people who want to fight global poverty, ensuring that those experiencing poverty are included in decision making.
2. To ensure that globally, the resources mobilised, policy changes and necessary political will are applied to enable everyone to access adequate health care, education, nutrition and economic opportunities.
3. To advocate for global systems and structures, from multilateral bodies to food systems, that are inclusive and equitable, meeting the needs of everyone in the global population in the 21st century.
4. Ensure that Results becomes an agile and sustainable organisation able to support its mission.
Page 6
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **OBJECTIVES AND ACTIVITIES**
## **Public benefit**
The trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public benefit. They have referred to the Charity Commission's general guidance on public benefit when reviewing aims and objectives and in planning future activities. Results works to generate the public and political will to make a difference to the lives of the poorest people in the developing world by carrying out strategic advocacy, media and public awareness-raising campaigns at national and international level. We seek to engage, influence and empower ordinary citizens, parliamentarians and public officials in their efforts to end extreme poverty.
Results UK considers its primary beneficiaries to be the world's poorest people: our interest areas and campaigns focus on allowing those living in poverty to access healthcare, education and economic opportunities which, in turn, enable them to become more economically independent and resilient. We also strive to empower individuals in the UK and abroad to use their voices to champion our campaigns in their personal capacity. These advocates are our secondary beneficiaries.
We recognise that we exist as part of a wide stakeholder group which includes:
- Those who influence and have an interest in our campaigns such as other NGOs and research institutions.
- Those who fund our work or may be interested in doing so.
- Those who can influence other stakeholders as a result of our research and advocacy work including journalists, influencers and the general public.
- Recipients of our advocacy who have the power to influence how financial resources are mobilised, including publicly elected officials, civil servant policy-makers, and members of relevant international networks, both within the UK and around the globe.
- Our Trustee Board and staff team.
## **STRATEGIC REPORT**
## **Achievement and performance**
## **Progress against Goals and Objectives during 2024**
## **1. Goal 1: To shift power and amplify the voices of people who want to fight global poverty, ensuring that those experiencing poverty are included in decision-making**
- In a year dominated by a General Election that resulted in over 330 new MPs, Results focused on building new political relationships at constituency level, both with candidates of all the main parties before the election, and afterwards with the newly-elected MPs. Longer-standing grassroots volunteers shared their experience of campaigning during elections with others and attended hustings meetings, and we held training events jointly with other agencies on how to reach prospective parliamentary candidates.
- Building on work done in previous years to embed an anti-oppression approach to our advocacy on international development, our anti-racist language blog in March used our internal anti-racist language and framing guide to encourage learning, critical thinking and deep engagement on anti-racist narrative change.
- International Women's Day (8 March) provided an opportunity to show the impact of gender inequality across their areas of expertise - nutrition, education and child health - and set out the progress that is so critically needed to ensure we can achieve a fair and equal future for women and girls.
- Other powerful blog posts aimed to show the role of citizens around the world in setting out and achieving their own development priorities, including diaspora populations whose contributions are often ignored by governments and institutions, and young people such as our incredible Send My Friend to School Campaign Champions, advocating in UK schools for global education. It was important that we involved the young people themselves in deciding the topic of the next Send My Friend campaign, and also to ensure that it was guided by the Campaign's thinking on how to embed our anti-racist approach.
- Our World TB Day parliamentary event (see below) included a powerful speaker with lived experience of TB, who bravely addressed the issues of stigma and discrimination faced by many TB patients around the world.
- Send My Friend to School hosted an Education in Emergencies event which featured a speaker from Sudan, who spoke of the life-saving and life-protecting role of education for children during times of crisis and called for support for the 19 million children out of school in Sudan due to the war.
Page 7
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2. Goal 2: To ensure that globally, the resources mobilised, policy changes and necessary political will are applied to enable everyone to access adequate health care, education, nutrition and economic opportunities.**
## **On TB:**
- In January, we supported the UK Academics and Professionals Against TB (UKAPTB) network to organise their first in-person all-member event in Liverpool. The event brought together TB stakeholders from across the UK to discuss how we can tackle the UK's increasing domestic TB burden whilst also cultivating support for new Parliamentary champions. We heard from researchers working in the UK to develop the latest TB medicines and treatments, as well as from doctors and nurses working on the front-lines in the NHS to tackle the UK's increasing domestic TB rate.
- Results grassroots advocates took action to highlight the increase of drug-resistant TB and the contribution it takes to antimicrobial resistance deaths, to educate MPs on the issue. They also advocated for high-level representation at the United Nations high-level meeting on antimicrobial resistance in September, the outcome was the Foreign Secretary represented the UK at the meeting.
- Results organised and led the World TB Day parliamentary reception in March. The event saw the launch of the Stigma kills: why medicine alone won't end tuberculosis report, updates from the UK Health Security Agency, NHS England and the powerful testimonial of a TB survivor and advocate. The event was well attended by parliamentarians, TB stakeholders and partners, and senior members of the Foreign Commonwealth and Development Office, representing the International Development Minister. Following the event the FCDO announced an additional £4 million in funding for TB REACH, for the diagnosis and treatment of TB in low-income economies.
- Results UK joined partners from Uganda, Liberia, Kenya and international organisations in supporting a joint submission to the UN Committee for Economic Social and Cultural Rights on concerns around UK investments in fee-paying private education through British International Investments (BII). It is an update to a submission that we made two years ago and highlights some serious concerns with accountability for ODA that is funnelled through BII.
- Results UK signed a statement led by advocates in Kenya alongside 47 CSOs globally to call for investors in Bridge International Academies, including British International Investments, to divest urgently following a Compliance Investigation Report on accounts of sexual abuse at the company's for-profit chain of schools in Kenya.
- In March Dr Eliud Wandwalo, Head of Tuberculosis at the Global Fund visited London to engage with UK stakeholders. Results hosted Dr Eliud and arranged key meetings in Parliament with the All Party Parliamentary Group Chair on Global TB to discuss UK commitments to the Global Fund to fight Aids, Tuberculosis and Malaria.
- In preparation for the United Nations high-level meeting on antimicrobial resistance Results UK co-authored a TB research and development report with Results Canada. The report was promoted in New York during the United Nations General Assembly week. Results also engaged with the Foreign Commonwealth and Development Office, and the Department for Health and Social Care to make the case for drug-resistant TB, which was subsequently included in the political declaration. Results were in attendance at both the multi-stakeholder event and high-level meeting on antimicrobial resistance. Although we were not selected to make an intervention during the meetings, we were able to submit an official statement online on behalf of the organisation.
- 2024 saw the reinstatement of the product development partnerships funding round from the Foreign Commonwealth and Development Office. This was a key ask from Results as part of the 2023 advocacy on the United Nations high-level meeting on TB. We are awaiting the final public communications, TB organisations have benefited from this funding.
Page 8
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **On Child Health / pandemic preparedness:**
- Results UK ran a very successful event with the APPG on Vaccinations for All, to mark World Immunisation Week. The event focused on the Power of Vaccinations. Philippa Whitford chaired the event, in her last role as Chair of the APPG Vaccinations for All. A particularly important element was having both Gavi and the Global Fund on the panel, demonstrating the importance of them working together, and the extent to which they already do.
- We continued to co-chair the CSO working Group on Immunisation, shaping civil society advocacy to support the Gavi replenishment and the UK Resource Mobilisation Group for the Global Polio Eradication Initiative.
- In the run up to the general election, when we knew politics would be very domestically focused, we worked with the London School of Hygiene and Tropical Medicine to produce a briefing on their research about low take up rates for vaccinations in English schools among particular populations. Aimed at the Department for Education and then MPs, this work makes the link between what is happening at home and the global changes we want to see.
- A key focus for the UK government has been ensuring that issues are not addressed in silos. To address this and demonstrate the breadth and impact of Gavi's work we published a report on Immunisation and Nutrition Integration. These programmes speak to our strategic goal of empowering communities as they are a bottom up approach to development that is shaped by community need. Results is particularly well placed to make the case for integration because we work on a wide range of policy areas.
- A key strategic shift in our child health advocacy work this year, and how we work on replenishment campaigns, has been working with CSO partners in implementing countries to demonstrate country level support for multilaterals. This has included working with ACTION partners but also new CSO partners such as Village Reach.
- The UN High Level Meeting on Antimicrobial Resistance was a key priority for our work on pandemics. As well as the formal advocacy we did towards the UK government, and contributing to the Multi-Stakeholder Hearing, we produced a briefing on how AMR exacerbates the risks of the next pandemic.
- We continued our advocacy in support of CEPI and the 100 day mission, including using the fourth anniversary of the first lockdown to highlight what we need to do now to prepare for the next pandemic.
## **On Nutrition:**
- Results UK published the first in a series of briefings called 'Good News on Nutrition' in July. This first briefing focused on women and girls, and specifically the importance of prenatal micronutrients and breastfeeding support. The briefing was very popular with parliamentarians (the primary audience), well received by several UN officials and promoted by the influential Action for Global Health civil society network. We also had a blog post based on the briefing published by Health Policy and Planning Debated. The Kenya AIDS NGOs Consortium and Results Australia inputted into the briefing.
- Results UK published the major report 'Bad Loans, Poor Nutrition' in September. The report argues that both debt justice and more and better ODA is essential to end global malnutrition. We had op-eds based on the report in The London Economic, Thomson Reuters Context, Global Policy and Chartist, as well as letters in the Financial Times and Observer. The report was also covered by Devex and The New Humanitarian. Moreover, the report was widely praised, including by Scotland's International Development Alliance and Bond, renowned academics with expertise on debt and nutrition, and UN agencies such as UNICEF and the World Food Programme. Most importantly, FCDO (as the report's primary target) provided an official response to the report, and we engaged with senior officials in the International Monetary Fund and World Bank (the report's secondary targets) regarding the report's recommendations. Various ACTION partners, particularly CITAMPlus, provided inputs into the report.
Page 9
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
- In early December, Results UK hosted a visit to London for Brieuc Pont, France's Special Envoy (SE) for N4G, in collaboration with ACTION partner GHA. We worked to organise his two day programme to be impactful by facilitating meetings with influential cross-party parliamentarians and meeting with UK CSO members. This has materially helped parliamentarians, the FCDO and ministers understand the need for and commit to making the Paris N4G summit a success. The SE participated in a series of events we planned: a Parliamentary Roundtable hosted by the APPG on Nutrition for Development and the APPG on the UN Global Goals; a meeting with Results UK's grassroots activists; a CSO roundtable (11 partners in attendance); a meeting with the FCDO nutrition team; and meetings with key decision-makers including Wendy Morton, Shadow Minister for International Development, and Lord Collins, a nutrition champion and minister in the FCDO. The SE also gave evidence to the International Development Committee on how the international community needs to ramp up progress on nutrition.
## **On Education:**
- Alongside the Global Partnership for Education, Results UK, as a Co-Chair for the Send My Friend to School Policy and Parliamentary Working Group, organised party round-tables with parliamentarians from the Labour, Liberal Democrat and Conservative parties, to influence manifestos. This included an exclusive meeting with then Shadow Minister Lisa Nandy focused on education. We were successful in getting lines on global education into the Conservative and Liberal Democrat manifestos, including an ambitious commitment by the Liberal Democrats to allocate 15% of the UK's Official Development Assistance (ODA) to education.
- Results UK was retained as the secretariat of the All Party Parliamentary Group on Global Education, one of the first development-related APPGs to be reconstituted. After losing 50% of membership due to the election, Results managed to recruit enough new Parliamentarians to return its membership to close to its pre-election numbers, ending 2024 with approximately 50 members.
- Results UK collaborated with the National Education Union to host a roundtable event on their latest report on the global teacher shortage and the UK's role in addressing the issue in line with international recommendations on the teaching profession. Results UK Parliamentary Advocacy Officer for Education, Chidinma Ibemere, offered an account of her experience as a teacher in Nigeria and why teachers must be prioritised to overcome barriers to improving learning.
- Results UK continued to lead Policy and Parliamentary Advocacy work as Co-Chair for the Send My Friend to School Coalition throughout the last phase of the Education in Emergencies Campaign and the crafting of a new campaign on Education Financing calling on the UK Government to reprioritise and protect funding for global education, which launched in Q1 2025.
- Send My Friend to School sent multiple letters making the case for education and 0.7% to the Prime Minister, Foreign Secretary, and former Minister Anneliese Dodds in the summer and autumn.
- In September, Send My Friend to School made a submission to the treasury to influence the Autumn Budget on the need to reprioritise education in the ODA budget to the international benchmark of 15% and in the long term restore the ODA budget back to 0.7% of GNI.
- Results UK supported Send My Friend to School in sending youth Campaign Champions to the Labour and Conservative Party Conferences, who were able to speak with a record number of MPs from both parties, with particular success at the Labour conference with 37 MPs!
- Results UK and Send My Friend to School joined forces with Human Rights Watch and other UK organisations in a campaign to encourage the UK to change its stance on a new treaty to expand the right to education to include pre-primary and secondary education.
- After having to postpone due to the election, Send My Friend to School's Parliamentary Action Day was held in November, with a focus on investing in education for emergencies. The Campaign Champions secured a sit down meeting with former Minister Anneliese Dodds to make the case for why education should be a priority for the UK to invest in. The Campaign Champions also met with 12 MPs across the Labour, Liberal Democrat and Conservative parties, met with civil servants from the Girls' Education Department, and handed in a letter to Number 10 Downing Street.
- In December, the FCDO announced a new £38 million programme on foundational mathematics in Malawi, and a top-up for Education Cannot Wait for work in Sudan, signalling the success of advocacy to keep foundational learning and education in emergencies a key priority for the UK Government.
Page 10
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
**3. Goal 3: To advocate for global systems and structures, from multilateral bodies to food systems, that are inclusive and equitable, meeting the needs of everyone in the global population in the 21st century.**
- Our 'Bad Loans, Poor Nutrition' report (above) set out ways in which the UK Government can make use of its unique place in the global debt architecture to reform the international finance system. Results has called for a reform of UK law to protect sovereign donors' indebtedness that are governed by English law, as well as a new UN debt convention to replace the current ineffective G20 Common Framework for debt relief. Zambian partner CITAM+ contributed to this report.
- Following the General Election, the UK Government set out international finance reform as one of its priorities. Results' grassroots network took action, calling on MPs to persuade the Government to act on this stated policy priority, citing the 'Bad Loans, Poor Nutrition' report as evidence of its impact on poor health and nutrition in many countries.
- This followed a successful replenishment of the World Bank's International Development Association (IDA) fund of £1.98 billion from the UK Government, an unexpectedly large win given the pressures on the UK's Official Development Assistance (ODA) budget. Results grassroots campaigners took action in support of a successful IDA replenishment in November. This is significant as IDA is one of the biggest sources of development funding for low-income countries via grants or concessional loans, and we argued that it must support poverty reduction and reduce inequalities.
- Over the course of the Summer, Results staff invested considerable time in building and co-chairing a new coalition of organisations advocating for replenishment of significant multilateral global health institutions (GHIs), enabling us to speak to the UK Government with one voice, and coordinating sector-wide advocacy to address the perceived need for these institutions to work more coherently and effectively together. Collectively, these GHIs (Gavi, the Vaccine Alliance, and the Global Fund to Fight HIV, TB and Malaria) have an enormous impact on health outcomes in lower-income countries and play a large role in helping countries strengthen their health systems.
- This work on the joint replenishments coalition should bear fruit in effective advocacy in 2025 when the replenishment summits will take place. Other organisations in the coalition include Stopaids, Malaria No More, the ONE Campaign, Citizen Voice and Unicef UK. The value of the coalition is that we are speaking with one voice to the Government on issues such as global health security and strengthening health systems, as well as providing specific expertise on individual disease areas.
- Send My Friend to School has worked closely with the Global Partnership for Education and Education Cannot Wait to prepare for replenishments in 2026, meeting with civil society representatives in Dublin with other coalitions in the Global Partnership for Education European and North American region. SMF also supported a visit from GPE Special Envoy, Former Minister of Education Thiam, who visited the UK from Senegal in October.
- • Send My Friend to School made a significant shift in its policy focus to include domestic resource mobilisation, in recognition of the fact that 97% of education funding globally and 87% in low-income countries is derived from public funds. We have expanded our work on tax, debt and international financial architecture reforms to fund public services, taking the lead from education coalitions and advocates in Africa, Asia and Latin America, which form a large part of our new campaign on education financing. This required a long process of developing shared coalition policy positions. We turned our initial work into policy briefings in September which we shared with Parliamentarians at Results UK and Bond's International Development Fair in September, party conferences, the APPG's inauguration, and Parliamentary Action Day.
## **4. Goal 4: Ensure that Results becomes an agile and sustainable organisation able to support its mission.**
- A focus of the work of the operations team in 2024 has been on achieving long term organisational sustainability both through reducing our overhead costs and securing ongoing sources of funding.
- Our 4-year ACTION grant came to an end in June 2024, and we were delighted to secure a new 4-year ACTION grant (for 2024-28). However this new grant is smaller than the previous, decreases year-on-year, and arrives at a time when our costs have increased.
Page 11
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
- As a result, to ensure our continuing ability to deliver our work, we consulted staff on an organisational restructure throughout March-April which included making six roles redundant.
- Three out of six roles in the Operations Team were made redundant as a result of the restructure. However, this has resulted in some positive and cost-saving improvements for the organisation. First, we have contracted Godfrey Wilson, an accountancy firm specialising in charities, to support our in-house finance function, and we have created a new role within the Team, an Office Administrator, to provide additional operational support, particularly HR, across the organisation.
- As a result, to ensure our continuing ability to deliver our work, we consulted staff on an organisational restructure throughout March-April which included making six roles redundant.
- Three out of six roles in the Operations Team were made redundant as a result of the restructure. However, this has resulted in some positive and cost-saving improvements for the organisation. First, we have contracted Godfrey Wilson, an accountancy firm specialising in charities, to support our in-house finance function, and we have created a new role within the Team, an Office Administrator, to provide additional operational support, particularly HR, across the organisation.
- In 2024, Results UK provided secretariat support to four APPGs, supporting parliamentarians to engage in-depth with the global health and education issues we focus on. Following the General Election in July, each of these APPGs has been reconstituted with Results continuing to provide the secretariat for the APPGs on Global Tuberculosis, Vaccinations for All and Global Education for All, whilst working in close partnership with the new Secretariat for the APPG on Nutrition for Development.
- The grassroots volunteer network has continued to act strongly in support of our advocacy objectives, with the General Election forming the backdrop to this work as more than half of parliamentary seats ended up with a brand new MP. Since then, the network has worked hard to educate their new MPs about development issues, particularly nutrition and immunisation, with important funding moments coming up in 2025.
- The grassroots network remains small and recruitment of new volunteer advocates challenging. However, we have active 6 groups (5 geographical and one 'online group') who support each other to undertake monthly campaign actions and form the backbone of our network.
- In September 2024 we moved offices to the Chandlery in Lambeth. The move was in response to Millbank Tower closing but also offers us a more cost-effective space whilst continuing to support flexible working and easy access to Parliament, which is within walking distance.
- We held two All Staff Away Days for all staff to come together for team-building activities, training, reflection and organisational planning.
- We were delighted to secure another year's worth of funding for our education work focusing on foundational literacy and numeracy.
- Results continues to host the International Parliamentary Network for Education (IPNEd) and Send My Friend to School (SMF).
- In August, we supported the Global TB Caucus (GTBC), who we have worked with and hosted since 2024, to transition to a new host organisation.
## **Hosted Organisations**
Results hosts four organisations that align with our mission and help us to achieve our strategic objectives relating to health and education. While these organisations are legally part of Results UK, they each have an independent advisory group that steers their work. We are proud of the work these organisations achieved in 2023 and that we were able to facilitate this through our hosting agreements.
## **The Global TB Caucus**
After more than a decade working together, the Global TB Caucus transitioned to a new host in 2024. The transition was delivered smoothly and amicably, to the benefit of all parties. During the transition period, with support from Results UK, the Caucus was still able to deliver a significant amount: co-convening the Africa TB Summit which led created the Abuja Declaration; relaunching National TB Caucus in Indonesia, Congo and South Africa; driving regional TB dialogues in Asia-Pacific, the Americas and Eastern Europe and Central Asia; securing support for a new TB law in Colombia from the Ministry of Health before unanimous passage through the Senate, and capacity-building activities in a range of High TB Burden countries. All told, the Caucus' meetings and activities directly involved more than 250 parliamentarians and all of its 90 Civil Society Partners.
Page 12
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
Alongside mobilisation, the Caucus produced a compelling report which analyses the budget process in a range of countries and makes recommendations to enable parliamentarians who are committed to securing more national resources for TB to influence the budget processes. The report analysed the budget process in 22 High Burden countries and was launched at the Africa TB Summit in December.
Everyone connected with Results UK and the Global TB Caucus can be proud of what has been achieved over the last decade. Convened in 2014 to combine the efforts of four National TB Caucuses, the Global TB Caucus today brings together more than 2,500 parliamentarians working with 60 National TB Caucus and 89 Civil Society Focal Points across 150 countries.
Under Results UK's hosting, the Caucus made a significant contribution to important areas of progress. On funding, for example:
- We saw increased domestic resources mobilised for TB in 25 of the 48 TB high burden countries. Of these 25 countries, 23 (92%) have members from the Global TB Caucus and 16 (64%) have active National Caucuses.
- More than 70% of countries pledging to the Global Fund have members of the Global TB Caucus. 22 of countries that increased their pledges from the previous have Global TB Caucus members, with our analysis showing that these Parliamentarians took consistent, meaningful and impactful political actions.
- Of the 14 countries reporting increases in domestic R&D budgets for TB, 79% have members from the Global TB Caucus and 50% have active national caucuses. Again, our analysis shows that Parliamentarians in these countries took consistent, meaningful and impactful political actions.
Consistent, sustained political actions taken by parliamentarians who are properly supported makes a huge difference, and Results UK wishes the Global TB Caucus well as it continues this important work, utilising the solid foundations and strong networks built during our period of partnership.
## **International Parliamentary Network for Education (IPNEd)**
The International Parliamentary Network for Education (IPNEd) had a productive year in 2024 with a surge in membership and a sharpened, deepened focus on three key areas:
1. Ensuring every child is in school and learning foundational skills
2. Growing parliamentary action in support of school meals
3. Advocating to protect the education of children furthest behind
In the first few months of the year, IPNEd's membership base grew to over 400 members in 90 parliaments globally. Recruitment was particularly successful at in-person events, such as the 148th Inter-Parliamentary Union Assembly where Joseph Nhan-O'Reilly, IPNEd's Director, urged parliamentarians to put education at the centre of their efforts to promote peace. This event garnered 84 new Members of Parliament from 54 different countries, from the Netherlands to Cote d'Ivoire to Tonga.
Last year was an important year for IPNEd's work on foundational learning, which included writing briefings for members of parliament, attending the second Africa Foundational Learning Exchange (FLEX conference) and supporting in-country work in countries across Sub-Saharan Africa. On International Literacy Day, we launched our 5-point plan for parliamentarians to support them to take action to ensure every child is learning foundational skills in literacy and numeracy. There has been significant engagement from MPs on the plan, and a series of op eds were published in global, regional and national media outlets by 4 parliamentarians from different regions calling upon their peers to take action based on the 5-point plan.
Page 13
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
Building upon the work from 2023, IPNEd launched a school meals toolkit for parliamentarians, which includes evidence on the case for school meals along with actionable advice and guidance. The toolkit was launched in the UK parliament with the World Food Programme and the APPG on School Food and hosted by Sharon Hodgson MP. Continued parliamentary support for school meals was shown in an early day motion tabled by Ellie Chowns MP with 16 cross-party supporters and the publication of an op ed by Sharon Hodgson MP. IPNEd also supported and attended regional school meals summits in both Europe and Asia, where our Director facilitated a panel on policy, legislation and governance for more and better school meals.
2024 has been a challenging year for education, particularly for those living in crises and conflict-affected contexts. IPNEd's members have continued to advocate for the importance of supporting those furthest behind. For example, Dag-Inge Ulstein, Member of Parliament in Norway, shone a light on the crisis in Yemen in an op ed. Also, IPNEd's Director backed the call from the Inter-Parliamentary Union's Secretary-General for an immediate ceasefire in Gaza and deep concern on the impact of the conflict for children and their right to education.
## **Send My Friend To School**
Send My Friend to School had a successful year, continuing campaigning on our 'Let My Friends Learn' campaign, securing an ambitious manifesto commitment from the Liberal Democrats, meeting with close to 100 parliamentarians, and influencing the UK Government and informing FCDO policy on Education in Emergencies. We also provided an excellent training programme for our 'Campaign Champions', 20 14-15 year olds from across the UK who have taken local actions and engaged their local MPs to raise awareness and build solidarity with their peers across the world.
In 2024 the coalition built on work that began in 2023 through the anti-racism working group to ensure our coalition's work is aligned with anti-racist principles and embodies these principles in our collective actions and strategic approaches. This group was heavily involved in the development of our new campaign, on which work began in Q2 of 2024 to start scoping issues emerging as priorities from advocates around the world.
For much of the first part of the year, work was focused on developing a report on ODA to education to demonstrate persistent declines over the last decade and disproportionate cuts following the reduction from 0.7% to 0.5%. It became clear during the production of this report that we needed to be more focused on domestic resources, as these made up the vast majority of funding for education globally and were being squeezed by unfair systems that the UK was defending or in a position to change. We also discovered a range of information that was not transparent, and embarked on a multi-month process of researching how ODA to education is reported on and reflected in public data that required extensive investigation. In the end, while this paper did not come to fruition due to complications in fact finding and an interrupted publication date due to the announcement of the general election, we ultimately prepared ourselves for our next campaign theme on education financing.
Due to the election, the annual Parliamentary Action Day was postponed from June to November. Parliamentary Action Day features our Campaign Champions, and this year merged our outgoing campaign theme of Education in Emergencies with our new theme on Education Financing - calling on the UK Government to invest in education in emergencies.
The Send My Friend coalition convenes the bi-monthly CSO-FCDO meeting to ensure that civil society is influencing FCDO Girls Education team and holding them to account on policy decisions relating to global education. We have also engaged 100 MPs through our schools and youth engagement campaign and continue to work closely with the Global Campaign for Education at global level to ensure joined up campaigning for Sustainable Development Goal 4. As a coalition, we have been able to adapt to the needs of our members and shift the campaign in a way that is agile. For example, moving to a two-year campaign has meant flexibility around global moments such as the UN climate conference (COP) and the Global Refugee Forum, and has also enabled us to prioritise meaningful youth engagement, working in schools and communities to raise awareness of global education. At a time when much campaigning is taking place online, our 'bottom-up' approach to campaigning, and our focus on building global citizenship and youth inclusion is, we believe, a sustainable approach to building solidarity and influencing the UK Government through local constituencies.
Page 14
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The governing document of the charity is the Memorandum and Articles of Association. The company was incorporated as a limited company on 26 October 1992, adopted new articles on 5 August 2013 and amended by special resolutions on 2 December 2013, 10 February 2014 and 1 August 2016.
## **Recruitment and appointment of new trustees**
The Board maintains, and reviews annually, a Trustee Skills Matrix which aims to ensure diversity of skills and life experiences amongst the Board. Appointments have historically been made by advertising externally through various channels and, on occasion, via personal networks. In addition, every two years, Results UK's grassroots community elects one of its members to sit on the Board for a three-year period. At the time of signing these accounts, R. Rushworth and K. Naker are the grassroots representatives.
## **Organisational structure**
The Trustees are responsible for the governance and administration of the charity, under the leadership of two Co-Chairs. A Chief Executive Officer is appointed by the trustees to manage the day to day operations. The Chief Executive Officer has delegated authority for operational matters including finance and employment and their salary is determined by the Trustees.
The Trustees and the Executive Team meet quarterly to develop the future direction of the organisation and review activities. In addition, sub-committees for Finance, Human Resources and Anti-Oppression meet four times annually and report to the Board. The Finance sub-committee includes at least four trustees including, preferably, one qualified accountant (currently Sharmila Prabhu) plus the Chief Executive Officer and Head of Operations. The HR committee includes at least three Trustees plus the Chief Executive Officer and Head of Operations. The day-to-day operations are organised to reflect the three main modes of advocacy that Results engages in: parliamentary, policy and grassroots advocacy, supported by an operations team.
Results also hosts organisations whose missions are closely aligned to our own. In 2024, we hosted: Send My Friend to School, The Global TB Caucus (up until September 2024), and the International Parliamentary Network on Education (IPNEd). Although quasi-autonomous in their day-to-day management, they adhere to the policies and practices of Results and work closely with the Chief Executive Officer and the rest of the Executive Team.
## **Induction and training of new trustees**
New Trustees are supplied with a Trustees' Job Description and an induction pack which links them to critical documents including the Articles of Association, the current Strategic Plan and the Financial Accounts. They attend an induction meeting with one or more Trustees, together with the Chief Executive Officer, are introduced to the Executive Team, and are also allocated a Trustee buddy to help them answer any questions they may have.
## **Risk management**
The trustees identify and review the risks to which the charity is exposed twice annually and ensure that mitigations are introduced to manage the risks which are identified.
## **Fundraising**
The Charity does not carry out significant public fundraising activities. The majority of income is raised through the grants from Trusts, Foundations and International Bodies. A small amount of income is received as individual donations and the fundraising activities of our grassroots campaigners.
Page 15
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **STRATEGIC REPORT Financial position**
## **Income**
In 2024, Results UK recorded a total income of £1,273,254, representing a decrease from our previous year's income of £1,714,257. The majority of our income was restricted (£1,234,647), representing 97% of our total income in 2024, whilst unrestricted income was £38,606, representing 3% of our total income.
Our largest donor in 2024 (as in 2023) was Results Educational Fund (REF) who support our work through the ACTION Partnership, advocating on global health, and our education advocacy through funding for Results and IPNEd focusing on foundational literacy and numeracy. Results also continued to receive funding from the Eleanor Crook Foundation and IAVI.
Grants received by Results UK usually address more than one of our objectives, especially in advocacy on the themes of citizen voice and development finance and transition, which are typically pursued in conjunction with health or education goals.
## **Expenditure**
In 2024, our organisation spent a total of £1,337,890, a decrease from last year's total expenditure of £1,750,195. Of our 2024 expenditure, £1,322,707 was spent on charitable activities whilst £15,183 was spent on raising funds.
Our expenditure exceeded our income by £64,636. However, £513,735 of restricted funds we received in 2023 were brought forward, supporting project costs in 2024.
## **Hosted Organisations**
In 2024, Results continued to host the International Parliamentary Network for Education (IPNEd) and Send My Friend to School (SMF), and until September 2024 the Global TB Caucus (GTBC), receiving funds on behalf of these organisations.
The breakdown of income and expenditure for projects by organisation is as follows:
Breakdown of income by organisation for 2024 is as follows:
||**£**|
|---|---|
|Results UK|888,675|
|GTBC|257,926|
|IPNEd|5,284|
|SMF|121,369|
|**TOTAL**|**1,273,254**|
Of the total income received, 70% was for Results UK, 20% for GTBC, 10% for SMF, and less than 1% for IPNEd.
Expenditure from our general fund supported the work of all four organisations by contributing towards operational support costs, rent, insurance and finance.
## **Ensuring full cost recovery**
Over the last two years we have been working to ensure organisational sustainability by reducing our overhead costs so that these can be met through the indirect charges on our funded projects. This has included reducing the number of staff in the operations team and moving to a smaller office.
Page 16
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Financial review**
However, ensuring that we can continue to cover our overhead costs and function effectively as an organisation remains a priority, in particular when we look at rising fixed costs and the impact of the employer's national insurance increase.
It is therefore essential that we continue to develop and diversify our income. One way we will seek to achieve this will be to invest some of our resources towards fundraising in 2025.
## **Reserves policy**
Our reserves policy states that we should hold total reserves of £170,000, consisting of two separate balances: - £75,000 which should be maintained at all times and accessed only in times of severe operational stress; and - A cash flow reserve of £95,000 which is available for short-term working capital requirements.
At the end of 2024, our reserves were above their target amount, standing at £263,150.
We were also pleased to be able to return £56,775 to our reserves to offset a provision made in our 2023 accounts to cover an overspend on a project we were managing on behalf of the Global TB Caucus.
In light of our healthy reserves position, the board will be designating a portion of the surplus unrestricted reserves to invest in the future of the charity with the aim of growing our supporter base, increasing unrestricted income and responding to the changing political landscape.
Page 17
**RESULTS EDUCATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by: 9 June 2025
## Nicolas Kroger
........................................................................ Nicolas Kroger (Jul 23, 2025 15:07:19 GMT+1) N Kroger - Trustee
Page 18
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF RESULTS EDUCATION**
## **Opinion**
We have audited the financial statements of RESULTS Education (the 'charitable company') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
- In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled 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 statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements 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 charitable company'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 with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in 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 to 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 to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 19
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF RESULTS EDUCATION**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 20
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF RESULTS EDUCATION**
## **Our responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements 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 statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the charity and its activities, and through discussion with the trustees and management, we identified the principal risks of material misstatement both at the financial statement level and at the assertion level.
We considered these risks in the light of various factors including the level of complexity, subjectivity, uncertainty, potential management bias, fraud, materiality and any other relevant factors. We considered the extent to which these would have a material impact on the financial statements and designed our audit work accordingly.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
- We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.
- We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud, and reviewed significant or unusual transactions to identify their underlying supporting rationale
- We inspected the minutes of meetings of those charged with governance, and made direct enquiries of management and the board of trustees concerning the charity's policies and procedures relating to:
o Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
o Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;
o The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates were indicative of a potential bias and tested significant transactions that were unusual or those outside the normal course of business.
## We also
- discussed and reviewed the charity's business model and forward planning to assess going concern
- communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit.
- reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations.
- Carried out substantive testing on income and expenditure
- Re-performed reconciliations of control accounts, and recalculated items such as depreciation
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.
This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
Page 21
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF RESULTS EDUCATION**
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
## Shona Wardrop
Shona Wardrop (Jul 23, 2025 17:22:43 GMT+1)
Shona Wardrop C.A. (Senior Statutory Auditor) for and on behalf of Chariot House Limited Chartered Accountants and Statutory Auditor 44 Grand Parade Brighton BN2 9QA
Date: ............................................. 23/07/2025
Page 22
**RESULTS EDUCATION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
3
Charitable Activities
**Total**
**EXPENDITURE ON**
Raising funds
4
**Charitable activities**
5
Charitable Activities
**Total**
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
16
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
16,186
22,420
38,606
15,183
(33,351)
(18,168)
56,774
(1,947)
54,828
208,322
263,150|Restricted
funds
£
-
1,234,647
1,234,647
-
1,356,058
1,356,058
(121,411)
1,947
(119,464)
513,735
394,271|2024
Total
funds
£
16,186
1,257,067
1,273,254
15,183
1,322,707
1,337,890
(64,636)
-
(64,636)
722,057
657,421|2023
Total
funds
£
15,318
1,698,939
1,714,257
23,655
1,726,540
1,750,195
(35,938)
-
(35,938)
757,995
722,057|
|---|---|---|---|---|
The notes form part of these financial statements
Page 23
**RESULTS EDUCATION**
## **BALANCE SHEET 31 DECEMBER 2024**
|Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Debtors
13
43,885
Cash at bank and in hand
279,914
323,799
**CREDITORS**
Amounts falling due within one year
14
(60,649)
**NET CURRENT ASSETS**
263,150
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
263,150
**NET ASSETS**
263,150
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
394,271
394,271
-
394,271
394,271
394,271|2024
Total
funds
£
43,885
674,185
718,070
(60,649)
657,421
657,421
657,421
263,150
394,271
657,421|2023
Total
funds
£
233,083
605,544
838,627
(116,570)
722,057
722,057
722,057
208,322
513,735
722,057|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 9 June 2025
Nicolas Kroger Nicolas Kroger (Jul 23, 2025 15:07:19 GMT+1) .............................................
N Kroger - Trustee
The notes form part of these financial statements
Page 24
**RESULTS EDUCATION**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by/(used in) operating activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|2024
£
68,641
68,641
68,641
605,544
674,185|2023
£
(139,651)
(139,651)
(139,651)
745,195
605,544|
|---|---|---|
The notes form part of these financial statements
Page 25
**RESULTS EDUCATION**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES**
## **2.**
|**Net expenditure for the reporting period (as per the Statement of**
**Financial Activities)**
**Adjustments for:**
Decrease/(increase) in debtors
(Decrease)/increase in creditors
**Net cash provided by/(used in) operations**
**ANALYSIS OF CHANGES IN NET FUNDS**|2024
£
(64,636)
189,198
(55,921)
68,641|2023
£
(35,938)
(139,288)
35,575
(139,651)|
|---|---|---|
||At 1/1/24|Cash flow|At 31/12/24|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|605,544|68,641|674,185|
||605,544|68,641|674,185|
|**Total**|605,544|68,641|674,185|
The notes form part of these financial statements
Page 26
**RESULTS EDUCATION**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Critical accounting judgements and key sources of estimation uncertainty**
The charity makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing material adjustment to the carrying amounts of the assets and liabilities within the next financial year are addressed below.
## i) Useful economic lives of tangible assets:
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect the current estimates, based on technological advancement, future investments, economic utilisation and physical condition of the assets.
ii) Expenditure allocations:
Expenditure is apportioned where it relates to more than one cost category.
iii) Deferred income:
Income received during the year which have specific performance-related criteria attached is deferred at the year end if these are outside of the control of the charity.
## **Income**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity, however, it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.
Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity, income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.
Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred.
continued...
Page 27
**RESULTS EDUCATION**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Income**
Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity's right to receive payment is established.
## **Expenditure**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:
-Costs of raising funds includes salaries expenses and overheads -Expenditure on charitable activities includes salaries, expenses and overheads
-Other expenditure represents those items not falling into the categories above
Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.
## **Support costs**
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Head Office. Where support costs cannot be directly attributed to particular headings, they have been allotted to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% and 50% on cost
The charity's fixed asset policy is now to capitalise office furniture and expense computer equipment.
## **Taxation**
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation Tax purposes. Accordingly the Charity is exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
continued...
Page 28
**RESULTS EDUCATION**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Fund accounting**
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **Foreign currencies**
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of transaction.
Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated at the closing date.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Going concern**
The finance statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the levels of reserves for the charity to be able to continue as a going concern.
## **Cash and cash equivalents**
Cash at bank and in hand are basic finance assets and include cash in hand, deposits held at call with bank, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **Debtors and creditors receivable/payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within on year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **2. DONATIONS AND LEGACIES**
|Donations|2024
£
16,187|2023
£
15,318|
|---|---|---|
continued...
Page 29
**RESULTS EDUCATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **3. INCOME FROM CHARITABLE ACTIVITIES**
|Activity
Consultancy & project
income
Charitable Activities
Other
Charitable Activities
Grants
Charitable Activities
**4.**
**RAISING FUNDS**
**Raising donations and legacies**
Staff costs
**5.**
**CHARITABLE ACTIVITIES COSTS**
Charitable Activities
**6.**
**SUPPORT COSTS**
Charitable Activities
**7.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Operating leases - land & buildings|Direct
Costs
£
1,226,961
Management
£
84,451|2024
£
129,908
30,705
1,096,454
1,257,067
2024
£
15,183
Support
costs (see
note 6)
£
95,746
Governance
costs
£
11,295
2024
£
37,188|2023
£
124,424
7,509
1,567,006
1,698,939
2023
£
23,655
Totals
£
1,322,707
Totals
£
95,746
2023
£
46,493|
|---|---|---|---|
|||||
continued...
Page 30
**RESULTS EDUCATION**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **8. AUDITORS' REMUNERATION**
|**AUDITORS' REMUNERATION**|||
|---|---|---|
||2024|2023|
||£|£|
|Fees payable to the charity's auditors for the audit of the charity's financial|||
|statements|6,720|6,420|
|Auditors' remuneration for non audit work|1,800|1,800|
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **Trustees' expenses**
£550 (2023: £3,347) of travel and meeting costs were paid by the charity on behalf of the trustees.
## **10. STAFF COSTS**
|**STAFF COSTS**|||
|---|---|---|
|Wages and salaries
Social security costs
Other pension costs|2024
£
842,991
81,290
30,890
955,171|2023
£
915,268
89,060
31,827|
|||1,036,155|
During the year the charity paid £7,126 in redundancy payments and £3,000 in Ex Gratia payments.
The average monthly number of employees during the year was as follows:
|Charitable activity
Governance and finance
Fundraising|2024
20
2
1
23|2023
22
3
1|
|---|---|---|
|||26|
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
|£60,001 - £70,000
£70,001 - £80,000|2024
-
1
1|2023
1
1|
|---|---|---|
|||2|
The total remuneration package, including employers national insurance and pension contributions, paid to Key Management Personnel during the year was £301,037 (2023: £300,904).
continued...
Page 31
**RESULTS EDUCATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
|**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
15,106
**Charitable activities**
Charitable Activities
18,133
**Total**
33,239
**EXPENDITURE ON**
Raising funds
23,655
**Charitable activities**
Charitable Activities
(6,284)
**Total**
17,371
**NET INCOME/(EXPENDITURE)**
15,868
**Transfers between funds**
(70,335)
**Net movement in funds**
(54,467)
**RECONCILIATION OF FUNDS**
Total funds brought forward
262,789
**TOTAL FUNDS CARRIED FORWARD**
208,322
**12.**
**TANGIBLE FIXED ASSETS**
Fixtures
and
fittings
£
**COST**
At 1 January 2024
12,295
Disposals
-
At 31 December 2024
12,295
**DEPRECIATION**
At 1 January 2024
12,295
Eliminated on disposal
-
At 31 December 2024
12,295
**NET BOOK VALUE**
At 31 December 2024
-
At 31 December 2023
-|
Restricted
funds
£
212
1,680,806
1,681,018
-
1,732,824
1,732,824
(51,806)
70,335
18,529
495,206
513,735
Computer
equipment
£
814
(814)
-
814
(814)
-
-
-|Total
funds
£
15,318
1,698,939
1,714,257
23,655
1,726,540
1,750,195
(35,938)
-
(35,938)
757,995
722,057
Totals
£
13,109
(814)
12,295
13,109
(814)
12,295
-
-|
|---|---|---|
||||
||||
||||
||||
continued...
Page 32
**RESULTS EDUCATION**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Other debtors
Prepayments and accrued income
**14.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Other creditors
Deferred income|2024
£
5,546
6,321
32,018
43,885
2024
£
10,530
19,418
5,485
25,216
60,649|2023
£
140,613
6,982
85,488
233,083
2023
£
9,241
23,730
20
83,579
116,570|
|---|---|---|
## **15. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year
Between one and five years|2024
£
41,787
29,967
71,754|2023
£
-
-
-|
|---|---|---|
continued...
Page 33
**RESULTS EDUCATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **16. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
**Results UK Funds**
Action Infectious Disease
Action Child Survival
Global TB Caucus Gates
Action Coalition for Epidemic Preparedness
Innovations
Action Maternal, Newborn & Child Health
RUK Gates Foundational Literacy and
Numeracy
Eleanor Crook Foundation
Action Secretariat
**Hosted Organisation Funds**
Global TB Caucus General Fund
Send My Friend To School
International Parliamentary Network for
Education Gates Foundational Literacy and
Numeracy
International Parliamentary Network for
Education World Food Program Fund
Global TB Caucus FIND
New Venture Fund
**TOTAL FUNDS**|At 1/1/24
£
208,322
118,170
64,992
-
16,733
32,583
29,987
126,791
-
9,461
48,772
36,559
29,687
-
-
513,735
722,057|Net
movement
in funds
£
56,775
(5,821)
9,117
(54,596)
(13,919)
(21,136)
(29,987)
(10,028)
(1,947)
(79,895)
15,066
(36,559)
(16,736)
(5,196)
130,226
(121,411)
(64,636)|Transfers
between
funds
£
(1,947)
-
-
54,596
-
-
-
-
1,947
70,434
-
-
-
5,196
(130,226)
1,947
-|At
31/12/24
£
263,150
112,349
74,109
-
2,814
11,447
-
116,763
-
-
63,838
-
12,951
-
-
394,271
657,421|
|---|---|---|---|---|
continued...
Page 34
**RESULTS EDUCATION**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **16. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
**Results UK Funds**
Action Infectious Disease
Action Child Survival
Global TB Caucus Gates
Action Coalition for Epidemic Preparedness Innovations
Action Maternal, Newborn & Child Health
RUK Gates Foundational Literacy and Numeracy
Eleanor Crook Foundation
Action Secretariat
**Hosted Organisation Funds**
Global TB Caucus General Fund
Send My Friend To School
International Parliamentary Network for
Education Gates Foundational Literacy and
Numeracy
International Parliamentary Network for
Education World Food Program Fund
Global TB Caucus FIND
New Venture Fund
**TOTAL FUNDS**|Incoming
resources
£
38,606
392,618
205,018
-
15,798
37,382
128,039
50,001
21,213
-
121,369
5,283
-
21,054
236,872
1,234,647
1,273,254|Resources
expended
£
18,169
(398,439)
(195,901)
(54,596)
(29,717)
(58,518)
(158,026)
(60,029)
(23,160)
(79,895)
(106,303)
(41,842)
(16,736)
(26,250)
(106,646)
(1,356,058)
(1,337,890)|Movement
in funds
£
56,775
(5,821)
9,117
(54,596)
(13,919)
(21,136)
(29,987)
(10,028)
(1,947)
(79,895)
15,066
(36,559)
(16,736)
(5,196)
130,226
(121,411)
(64,636)|
|---|---|---|---|
During the year, indirect costs were recharged from the general fund to various restricted funds to reflect the cost of running the programmes. This has resulted in a credit to the general fund.
continued...
Page 35
**RESULTS EDUCATION**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **16. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
**Results UK Funds**
Action Infectious Disease
Action Child Survival
Global Health Strategies Fund
Action Coalition for Epidemic Preparedness
Innovations
Action Maternal, Newborn & Child Health
Action Covid
RUK Gates Foundational Literacy and
Numeracy
Eleanor Crook Foundation
**Hosted Organisation Funds**
Global TB Caucus General Fund
Send My Friend To School
Global TB Caucus Global Funds
(Americas)
International Parliamentary Network for
Education Gates Foundational Literacy and
Numeracy
International Parliamentary Network for
Education Malala Fund
International Parliamentary Network for
Education World Food Program Fund
**TOTAL FUNDS**|At 1/1/23
£
262,789
155,975
45,605
208
29,842
21,873
3,879
42,632
-
20,210
54,302
7,696
24,888
12,872
24,273
495,206
757,995|Net
movement
in funds
£
15,868
(37,805)
19,387
(208)
(13,109)
10,710
(3,879)
(12,645)
126,791
(10,749)
(5,530)
(7,696)
11,671
(12,872)
5,414
(51,806)
(35,938)|Transfers
between
funds
£
(70,335)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
70,335
-|At
31/12/23
£
208,322
118,170
64,992
-
16,733
32,583
-
29,987
126,791
9,461
48,772
-
36,559
-
29,687
513,735
722,057|
|---|---|---|---|---|
continued...
Page 36
**RESULTS EDUCATION**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **16. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
**Results UK Funds**
Action Infectious Disease
Action Child Survival
Global Health Strategies Fund
Action Coalition for Epidemic Preparedness Innovations
Action Maternal, Newborn & Child Health
RUK Gates Foundational Literacy and Numeracy
Eleanor Crook Foundation
**Hosted Organisation Funds**
Global TB Caucus Global Funds
Global TB Caucus Gates
Global TB Caucus General Fund
Send My Friend To School
Action Covid
Global TB Caucus Global Funds
(Americas)
International Parliamentary Network for
Education Gates Foundational Literacy and
Numeracy
International Parliamentary Network for
Education Malala Fund
International Parliamentary Network for
Education World Food Program Fund
Global TB Caucus FIND
**TOTAL FUNDS**|Incoming
resources
£
33,239
383,683
193,500
-
47,643
89,714
103,892
130,863
46,937
351,224
-
118,153
-
3,140
74,844
-
62,796
74,629
1,681,018
1,714,257|Resources
expended
£
(17,371)
(421,488)
(174,113)
(208)
(60,752)
(79,004)
(116,537)
(4,072)
(46,937)
(472,510)
(10,749)
(123,683)
(3,879)
(10,836)
(63,173)
(12,872)
(57,382)
(74,629)
(1,732,824)
(1,750,195)|Movement
in funds
£
15,868
(37,805)
19,387
(208)
(13,109)
10,710
(12,645)
126,791
-
(121,286)
(10,749)
(5,530)
(3,879)
(7,696)
11,671
(12,872)
5,414
-
(51,806)
(35,938)|
|---|---|---|---|
The funds are held for the following purposes:
## **RESULTS UK Funds**
ACTION Infectious Diseases: To support Results' advocacy work on tuberculosis and other infectious diseases of poverty.
ACTION Child Survival: To support Results' work on child survival, including vaccinations and polio eradication.
ACTION CEPI (Coalition for Epidemic Preparedness Innovations): To support Results' advocacy on pandemic preparedness.
continued...
Page 37
**RESULTS EDUCATION**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **16. MOVEMENT IN FUNDS - continued**
ACTION MNCH (Maternal, Newborn & Child Health): To support Results' advocacy on nutrition, particularly nutrition in the first 1,000 days from conception to a child's second birthday.
ACTION Secretariat: A contract for services to provide strategic and administrative support for the Immunisation Portfolio across the ACTION Partnership.
Eleanor Crook Foundation: To support Results' advocacy on nutrition, re-engaging the UK as a leader to eradicate global malnutrition.
Gates Foundational Literacy and Numeracy: To support Results' advocacy on global education, particularly sustaining and increasing political, policy, and ODA commitments to support evidence-based foundational literacy and numeracy.
## **Hosted Organisation Funds**
## **Global TB Caucus (GTBC) Funds**
GTBC FIND: To support GTBC's work supporting parliamentary engagement to end TB.
GTBC Gates: To support the Global TB Caucus, an international network of parliamentarians, to build political will and commitments for the TB response.
GTBC General: To support the work of the Global TB Caucus.
New Venture Fund: To support a project transitioning the Global TB Caucus to a new host.
## **International Parliamentary Network for Education (IPNEd) Funds**
IPNEd Gates Foundational Literacy and Numeracy: To support the work of IPNEd focusing on global advocacy for foundational learning, particularly literacy and numeracy.
IPNEd World Food Programme: To support the work of IPNEd building global parliamentary leadership for school meals.
## **Send My Friend To School Funds**
SMF: To support Send My Friend's UK civil society coalition of international development NGOs, teacher unions and charities to demand quality education for all children across the globe.
## **17. EMPLOYEE BENEFIT OBLIGATIONS**
The charitable company operates a defined contribution pension scheme with contributions being made by both employer and employees at variable rates. Total pension costs in the current year amounted to £30,890 (2023: £31,827). At the year end £5,485 was due to the provider (2023: £nil).
## **18. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2024.
continued...
Page 38
**RESULTS EDUCATION**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **19. THANK YOU**
Results UK is tremendously grateful for the support of all its financial donors, as well as those who support our advocacy directly, especially our dedicated network of grassroots volunteers, without whom we would not be able to conduct our public advocacy with the legitimacy and public voice that our strategy, vision and mission require. We are humbled by their ongoing and in-depth engagement with the work of Results and celebrate all that we achieve together.
We would also like to acknowledge and thank all our financial donors, including those who make personal donations, and those who fundraise on our behalf. We would also like to acknowledge and thank our institutional donors, who provide the backbone of our staff-led advocacy on the issues we work on:
Bill & Melinda Gates Foundation (BMGF) Eleanor Crook Foundation (ECF) Foundation for Innovative New Diagnostics (FIND) Global TB Caucus (GTBC) International AIDS Vaccine Initiative (IAVI) International Parliamentary Network for Education (IPNEd) RESULTS Educational Fund (REF) World Food Programme (WFP) Send My Friend to School (SMF)
Page 39