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2025-08-31-accounts

REGISTERED CHARITY NUMBER: 1041474

THE AXIS EDUCATIONAL TRUST TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 AUGUST 2025

THE AXIS EDUCATIONAL TRUST

Contents Page
Legal and administrative information 2
Trustees’ Report 3 - 20
Accountant’s Report 21
Statement of Financial Activities 22
Balance Sheet 23
Cash flow Statement 24
Notes to the Financial Statements 25 – 33

1

THE AXIS EDUCATIONAL TRUST

Legal and administrative information

Trustees

X TRUSTEE WITH A DISPENSATION

Charity Number: 1041474

Office address

16-17 Grand Arcade, Industrial House Second Floor, London, N12 0EH

Accountants

AA ACCOUNTANCY SERVICES 244 Chase Road London N14 6HH

Bankers

HSBC Bank plc PO Box 1311 The Town Enfield Middlesex EN2 6LD

Solicitors

Russell Wise Solicitors

2

TRUSTEES’ ANNUAL REPORT

For the period 1 September 2024 to 31 August 2025

1

Welcome from the Chair

Introduction to the Board of Trustees Report

Our Vision and Objectives

2024-2025 at a Glance

Axis Tuition Centres

Supplementary Education & Wellbeing

Holiday and Activity Programm

Skill Up and Employability

Partnerships and Community Engagement Financial Review and Reserve

Risk Management Looking Ahead

2

3

4

5-6

7-8

9-10

11-12

13-14

15

16

Trustees’ Responsibility Statement

Welcome from the Chair

On behalf of the Board of Trustees, I am pleased to present the Trustees’ Annual Report of Axis Educational Trust for the financial year ended 31 August 2025.

This has been a landmark year in the story of Axis. We celebrated 30 years of service through our Anniversary Gala and Talent Contest, bringing together students, parents, staff, volunteers, civic leaders and partner organisations to recognise the achievements of our community and the young people we support. The event reflected not only our history but also our ambition for the next stage of growth.

During the year, trustees completed the acquisition of the Henry Road building in East Barnet. This major strategic step will support our long-term plan to create a permanent Youth Centre offering education, mentoring, wellbeing, employability and community activities under one roof. The building will strengthen our sustainability, increase our reach and provide a safe, inclusive base for children, young people and families.

Our work in 2024–2025 continued across tuition centres, supplementary education and wellbeing projects, holiday activity programmes and employability projects in Barnet, Enfield and Kent. We are grateful to our funders, partners, staff, volunteers and families for their continued trust and contribution.

Warm regards, Hakan Gokce

Chair of the Board of Trustees

PAGE 1

Introduction to the Trustee Report

FOR THE PERIOD ENDED 31 AUGUST 2025

The trustees present their annual report together with the financial statements of the charity for the year ended 31 August 2025. The report has been prepared for submission alongside the charity’s accounts and should be read together with the final signed financial statements.

The trustees have considered the Charity Commission’s guidance on public benefit, including public benefit in relation to advancing education and fee-charging. The charity’s activities are designed to provide public benefit through accessible education, youth development, wellbeing support, community cohesion and employability pathways for children, young people and families, particularly those facing social or economic disadvantage.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Area 2024–2025 narrative / evidence
Constitution Axis Educational Trust is constituted under a trust deed dated
11 July 1994, as amended on 15 January 2021, and is a registered
charity in England and Wales, charity number 1041474.
Principal objective The principal objective of the Trust is to advance the education
of students in the UK, with a particular focus on widening
opportunities for children, young people and families from
disadvantaged backgrounds.
Appointment of
trustees		 The management of the charity is the responsibility of trustees
who are elected and co-opted in accordance with the
governing document.
Board meetings Trustees met regularly during the year to monitor strategy,
finance, risk, major assets, tuition-centre performance, project
delivery and governance compliance.
Officer
appointments		 The trustees confirmed board officer roles during the year:
Chair, Secretary and Treasurer, with responsibilities allocated
to support governance and operational oversight.
Trustee training Trustees reviewed safeguarding, charity governance, financial
oversight and risk management training requirements and
agreed to maintain training certificates in a shared
compliance folder.

PAGE 2

Our Vision and Objectives

To become a key player in creating education opportunities and life chances for children, young people and families of disadvantaged backgrounds

Our vision will be realised through the delivery of key objectives below as commitments to the local community as described in the Memorandum of Association

PAGE 3

2024-2025 at a Glance

4

1

30th

292

Tuition provisions reviewed: Ponders Learners recorded End, Hendon, North in Tuition Centres Finchley and KPI review Online

Henry Road Anniversary Gala building acquired and Talent Contest for Youth Centre celebrated development 232 3

87

232 3 8 Skill Up/Youth Hub Employability Sports, holiday participant project areas: Kent, and arts welbeing touchpoints Barnet and Enfield projects

Eligible young people progressed to positive next steps

Major Event Description
30th
Anniversary
Gala and
Talent
Contest		 The event celebrated Axis Educational Trust’s 30-year
legacy. Trustees reviewed final preparations including
venue layout, catering, programme flow, awards, branding,
volunteer coordination, photography, media, safeguarding
and risk management. The event included VIP participation
and public recognition of young people’s social action and
community service. Young volunteers were involved in
planning and event delivery. The Gala provided a platform
to recognise strategic partners and strengthen civic
credibility with local voluntary-sector and community
partners.
Henry Road,
East Barnet
building		 Trustees completed the acquisition process for the Henry
Road building. The building is planned as a new Youth
Centre supporting tuition, mentoring, wellbeing, workshops,
media/podcasting, room hire and community activities.

PAGE 4

Axis Tuition Centres

Supported through a mixed-income model including parental fees, bursaries, scholarships, tuition income and reinvestment of charitable funds.

4
Tuition provisions
reviewed		 87
weekly Ponders End
learners recorded		 32
weekly Online
learners recorded		 1
Scholarship test
planned

Core activities

Outcomes and impact

PAGE 5

Supplementary Education & Wellbeing

North Finchley project funded by John Lyon’s Charity; Ponders End project funded by BBC Children in Need.

98
North Finchley unique
participants		 32 hrs
Weekly guided
lessons		 12 hrs
Drop-in/self-
study support		 60
Families
supported
80%
At least one-grade
improvement		 22
Average sessions
per week		 8
Average
attendance per
session		 70%
Participants
from Barnet

Core activities

Outcomes and impact

PAGE 7

¥ ¥1

Holiday and Activity Programmes

Active Minds in Barnet funded by John Lyon’s Charity; HAF programme funded by the Department for Education through local authority delivery arrangements; Community Sport funded by Sports England.

3
Programme
streams		 3
Holiday cycles
supported		 60+
Minutes of daily
physical activity		 1
Healthy food
and enrichment

Core activities

Outcomes and impact

PAGE 9

L T, WEAR ARSENAL 21 23 41 .¢

Skill U p and Employability

Kent project funded by Colyer Fergusson Charitable Trust; Barnet Youth Hub funded by John Lyon’s Charity; Enfield Skill-Up funded by City Bridge Foundation. Additional learning and model evidence was drawn from the AbbVie-supported Enfield Skill-Up pilot.

232 98 49 84 Participant touchpoints Barnet Youth Hub Enfield Skill-Up Kent Skill-Up across Barnet, Enfield participants participants participants and Kent 136 36 130 18 Enfield academic Enfield employability Enfield coaching Work-experience sessions sessions sessions placements

Core activities

Outcomes and impact

PAGE 11

41

Partnerships and Community Engagement

Axis Educational Trust’s delivery model relies on strong partnerships with funders like JLC, BBC CIN, CBT, CFCT; voluntary-sector networks like YBF, London Youth and Enfield Voluntary Action; local authorities, schools, community organisations, employers and families. In 2024–2025, trustees continued to prioritise relationship-building and visibility as part of both community impact and long-term sustainability.

Financial Review and Reserves

The charity’s detailed financial performance for the year ended 31 August 2025 is set out in the accompanying financial statements. The trustees reviewed income streams, project funding, tuition income, asset financing, loan commitments, programme costs and operational sustainability during the year.

Area 2024–2025 narrative / evidence
Income model The charity continued to operate a mixed-income model
combining tuition income, project grants, donations,
fundraising and partnership support.
Restricted funds Restricted grants were used for the purposes intended by
funders, including supplementary education, wellbeing,
holiday activities and employability projects.
Unrestricted
sustainability		 Trustees continued to monitor tuition-centre performance
and central management costs to maintain long-term
sustainability.
Major asset
development		 The acquisition of the Henry Road building was a strategic
investment intended to strengthen long-term service
delivery and create a permanent Youth Centre asset.
Reserves The trustees maintained a reserves policy designed to cover
core operating risks and ensure continuity of charitable
activities. Final reserve figures should be aligned to the
signed accounts.

PAGE 13

,1 cjl ia, ent, respect, and empathy. YOU ARE ALL WINNERQ

Risk Management

Risk area Mitigation / management response
Safeguarding
and welfare		 Safeguarding policies, staff checks, training, supervision, risk
assessments and reporting procedures remain central to all
children and youth activities.
Financial
sustainability		 Trustees reviewed centre-level profitability, funding diversity,
loan commitments, reserves and income generation
opportunities.
Premises and
asset risk		 Major property decisions, including Henry Road and future
property planning, were reviewed by trustees with attention to
funding, valuation, legal and operational implications.
Staffing and
quality		 Teacher recruitment, staff development, centre management
stability and internal training pathways were identified as
priorities for quality assurance.
Project delivery
and compliance		 Grant-funded programmes were monitored through outcomes,
attendance, reporting obligations and funder requirements.

Looking Ahead

PAGE 15

Trustees’ Responsibility Statement

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The trustees are responsible for keeping proper accounting records, safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees and signed on their behalf:

Chair of Trustees: Hakan Gokce

Date:

06/06/2026

PAGE 16

THE AXIS EDUCATIONAL TRUST

INDEPENDENT EXAMINER'S REPORT TO TRUSTEES OF THE AXIS EDUCATIONAL TRUST

I report on the accounts of the charity for the year ended 31 August 2025 which are set out on pages 22 to 33

Respective responsibilities of trustees and examiner

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of independent examiner’s statement

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

AA ACCOUNTANCY SERVICES Chartered Certified Accountant 244 Chase Road, London, N14 6HH

Date: 23 June 2026

21

THE AXIS EDUCATIONAL TRUST STATEMENT OF FINANCIAL ACTIVITIES

(Incorporating income and expenditure account) FOR THE YEAR ENDED 31 AUGUST 2025

Unristricted
Notes
Funds
INCOME AND EXPENDITURES
£
INCOMING RESOURCES
Incoming resources from generated funds:
Voluntary income
2
65582
Activities for generating funds
3
-
Investment income
4
331378
Incoming resources from charitable activities
5
328070
Other incoming resources
6
24501
TOTAL INCOMING RESOURCES
749531
RESOURCES EXPENDED
charitable Activities
7
601843
Governance Costs
8
57183
Other resources expended
9
0
TOTAL RESOURCES EXPENDED
11
659026
NET INCOMING/(OUTGOING) RESOURCES
before transfers
21
90505
Transfersbetween funds
-
NET MOVEMENT IN FUNDS FOR THE YEAR
90505
Total Funds at 1 September 2024
2223093
Prior Year Adjustment (Note 20)
0
Total Funds at 31 AUGUST 2025
2313598
=====		 Restricted
Funds
£
129550
-
-
-
-
129550
100826
4950
0
105776
23774
-
23774
-143
0
23631
=====		 2025
Total
£
195,132
-
331378
328070
24501
879081
702669
62133
0
764802
114279
-
114279
2222950
0
2337229
=====		 2024
Total
£
145,054
-
257400
231392
43624
677470
522075
50969
0
573044
104426
-
104426
2118524
0
2222950
=====

The notes on pages 16 to 24 form part of these accounts.

22

THE AXIS EDUCATIONAL TRUST

BALANCE SHEET AS AT 31 AUGUST 2025

Notes
2025
₤
15
37279
Programme related investments
16
4199996
4237275
Debtors
17
67400
Investments
61667
117739
246806
18
(244003)
2803
19 (1902849)
2337229
=====
21
23631
21
2313598
2337229
=====
Unrestricted funds
CREDITORS:Amounts falling due
within one year
Total assets less current liabilities
Net current assets / (liabilities)
CREDITORS:Amounts falling due
more than one year
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Cash at bank and in hand
Restricted funds
CHARITY FUNDS		 2024
₤
35085
2886026
2921111
33996
61667
137716
233379
(132555)
100824
(798985)
2222950
=====
-143
2223093
2222950
=====

The notes on pages 25 to 33 from part of these accounts. Approved by the Board of Trustees on 23 June 2026 and signed on its behalf by Hakan Gokce, Chairman

Hakan Gokce Chairman

23

THE AXIS EDUCATIONAL TRUST Statement of cash flows

AS AT 31 AUGUST 2025

Total
funds		 Prior year
funds		 Note
£ £
Cash flows from operating activities:
Net income/(expenses) for the reporting period
(asper the statement of financial activities)		 114279 104426
Adjustments for:
Depreciation charges 3306 3306
(Gains)/losses on investments 0 0
Dividends,interest and rents from investments 0 0
Loss/(profit)on the sale of fixed assets 0 0
(Increase)/decrease in stocks 0 0
(Increase)/decrease in debtors (33404) (9596)
Increase/(decrease)in creditors 1215312 (79089)
Net cashprovided by (used in) operating activities 1299493 19047
Cash flows from investing activities:
Dividends,interest and rents from investments 0 0
Proceeds from the sale of property, plant and
equipment		 0 0
Purchase ofproperty, plant and equipment (1319470) (8631)
Proceeds from sale of investments 0 0
Purchase of investments 0 0
Net cashprovided by (used in) investing activities (1319470) (8631)
Cash flows from financing activities:
Repayments of borrowing 0 0
Cash inflows from new borrowing 0 0
Receipt of endowment 0 0
Net cashprovided by (used in) financing activities 0 0
Change in cash and cash equivalents in the
reporting period		 (19977) 10416
Cash and cash equivalents at the beginning of the
reporting period		 137716 127300 (Table 1)
Change in cash and cash equivalents due to
exchange rate movements		 0 0
Cash and cash equivalents at the end of the
reporting period		 117739 137716 (Table 1)

Table 1: Analysis of cash and cash equivalents

Current
year		 Prioryear
£ £
Cash in hand 117739 137716
Notice deposits(less than 3 months) 0 0
Overdraft facilityrepayable on demand 0 0
Total cash and cash equivalents 117739 137716

Table 2: Analysis of changes in net debt

At start of
year		 Cashflows Acquisition/
disposal of
subsidairires		 New
leases		 Fair
value
movem
ents		 Foreign
exchange
moements		 Other
non cash
changes		 At end of
year
£ £
Cash 137716 (19977) - - - - - 117739
Cash equivalents 0 0 - - - - - 0
Overdraft facilityrepayable on demand 0 0 - - - - - 0
(19977)
Loans fallingdue within oneyear (88776) (16224) 0 - - - 0 (105000)
Loans fallingdue after more than oneyear (798985) (1103864) 0 - - - 0 (1902849)
Lease obligations 0 0 0 0 - - - 0
TOTAL (750045) (1140065) 0 0 0 0 0 (1890110)

24

THE AXIS EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005 and applicable accounting standards.

1.2 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

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 costs 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.

Investment income, gains and losses are allocated to the appropriate fund.

1.3 Incoming resources

All incoming resources are included in the Statement of financial activities when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.

Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable No income is recognised where there is no financial cost borne by a third party.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable

1.4 Resources expended

Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled, Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

25

THE AXIS EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES (continued)

1.5 Tangible fixed assets and depreciation

All assets costing more than £ 500 are capitalised.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and fittings 25% reducing balance

1.6 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Statement of financial activities.

1.7 Programme related investment

Programme related investments are stated at the cost of investment.

2. VOLUNTARY INCOME
Donations
Fundrasing Campaign
Grants
Voluntary Income
3. TRADING ACTIVITIES
Charity trading income
Charity trading income-Domestic
Net income from trading activities		 Unristricted
Funds
£
65582
0
0
65582
Unristricted
Funds
£
0		 Restricted
Funds
£
0
29280
100270
129550
Restricted
Funds
£
-
0		 2025
Total
£
65582
29280
100270
195132
2025
Total
£
0
0		 2024
Total
£
58345
0
86709
145054
2024
Total
£
0
0

26

THE AXIS EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

4. INVESTMENTINCOME
Unristricted
Funds
£
Rental Income
331378
5. INCOMING RESOURCES FROM CHARITABLE
Unristricted
Funds
£
Educational Activities
328070
6. OTHER INCOMING RESOURCES
Unristricted
Funds
£
Other incoming resources
24501
7. EXPENDITURE BY CHARITABLE ACTIVITY
SUMMARY BY FUND TYPE
Unristricted
Funds
£
Investment Income
117901
Educational Activities
541125
659026
SUMMARY BY EXPENDITURE TYPE
Staff
Costs
£
Investment Income
0
Educational Activities
344533
344533		 Restricted
2025
Funds
Total
£
£
0
331378
ACTIVITIES
Restricted
2025
Funds
Total
£
£
0
328070
Restricted
2025
Funds
Total
£
£
0
24501
Restricted
2025
Funds
Total
£
£
0
117901
105776
646901
105776
764802
Other
2025
Costs
Total
£
£
117901
117901
302368
646901
420269
764802		 2024
Total
£
257400
2024
Total
£
231392
2024
Total
£
43624
2024
Total
£
70326
502718
573044
2024
Total
£
70326
502718
573044

27

THE AXIS EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

8. GOVERNANCE COSTS
Unrestricted
Funds
£
Governance- Accountants fees
1500
Governance - Other expenses
50
Governance - Premises costs for head office
8848
Governance - telephone
497
Governance expense - computer expenses
890
Governance expense - wages and salaries
29503
Governance expense - NI
12589
Governance - depreciation - tangible fixed assets
3306
57183
====
9. OTHER RESOURCES EXPENDED
Unrestricted
Funds
£
Loss((profit) on disposal of fixed asset
0
====
10. DIRECT COSTS
Allocation Unrestricted
£
Other expenses
Direct
148
Bursaries and scholarships
Direct
15827
Staff training and welfare
Direct
634
Premises
Direct
58337
Insurance
Direct
7591
Consultancy fees
Direct
706
Professional fees
Direct
6263
Printing, Postage and Stationary
Direct
559
Equipment Hire
Direct
656
Student Related costs
Direct
0
Telephone
Direct
4476
Motor,Travel and substance
Direct
2165
Repairs and Renewals
Direct
2914
Bank Charges
Direct
2944
Subscriptions
Direct
3069
Miscellaneous
Direct
65
Donation
Direct
935
Advertising
Direct
5910
Interest
Direct
117901
Computer costs
Direct
7012
Wages and salaries (incl. subcontractors)
Direct
258951
Pension
Direct
1288
Purchases
Direct
103492
601843
====		 Unrestricted
Funds
£
1500
50
8848
497
890
29503
12589
3306		 Restricted
Funds
£
4950
4950
====
Restricted
Funds
£
0
====
Restricted
£
302
1595
21300
3000
1890
683
421
1047
51129
19459
100826
====		 2025
Total
£
1500
50
8848
497
890
34453
12589
3306		 2024
Total
£
1500
50
9417
446
851
27591
7808
3306
57183
====
Unrestricted
Funds
£		 62133
====
2025
Total
£		 50969
====
2024
Total
£
0
====
2025
Total
£
450
15827
2229
79637
7591
3706
6263
2449
656
683
4476
2586
3961
2944
3069
65
935
5910
117901
7012
310080
1288
122951		 0
====
2024
Total
£
0
31040
2314
84754
5748
200
7451
6336
515
10020
4017
1619
311
599
573
1374
0
5211
70326
7662
242821
521
38663
601843
====		 702669
====		 522075
====

28

THE AXIS EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

11. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE

Staff Costs
Depreciation
Other Costs
2025
£
£
£
£
Investment Income
0
0
117901
117901
Educational Activities
297491
0
287277
584768
Charitable activities
297491
0
405178
702669
Governance
47042
3306
11785
62133
Loss on disposal of fixed assets
0
0
0
0
344533
3306
416963
764802
12. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES
Activities undertaken
Total
Directly
Support Costs
2025
£
£
£
Investment Income
601843
0
601843
Educational Activities
100826
62133
162959
Total
702669
62133
764802		 2025
£
117901
584768		 2024
£
70326
451749
702669 522075
62133
0		 50969
0
764802 573044
Total
2024
£
456270
116774
764802 573044

13. NET INCOMING RESOURCES

This is stated after charging:

13. NET INCOMING RESOURCES
This is stated after charging:
2025 2024
£ £
Depreciation of tangible fixed assets: owned by charity 3306 3306
Auditor's remuneration 0 0
Governance Accountant fees 1500 1500

During the year, no Trustees received any remuneration (2024 -£NIL). During the year, no Trustees received any benefits in kind (2024 -£NIL).

During the year, no Trustees received any reimbursement of expenses (2024 -£NIL).

14. STAFF COSTS

Staff costs were as follows:

Wages and salaries
Social security costs
The average monthly number of employees during the year was as follows:		 2025
£
344533
12589
357122
2025
No.
16		 2024
£
270412
7808
278220
2024
No.
14

No employee received remuneration amounting to more than £60,0O0 in either year.

29

THE AXIS EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

15. TANGIBLE FIXED ASSETS

15. TANGIBLE FIXED ASSETS
Cost
At 31.08.24
Additions
At 31.08.25
Depreciation
At 31.08.24
charge for period
At 31.08.25
Net book values
At 31.08.25
At 31.08.24		 TOTAL
£
133156
5500
138656
98071
3306
101377
37279
35085

16. PROGRAMME RELATED INVESTMENT

Market Value
At 31 August 2024
Additions
At 31 August 2025		 336 Philip
Lane
£
733552
733552		 337 Fore
Street
£
1434256
1434256		 4 Glasgw
Road
£
467265
467265		 34 Henry
Road
£
0		 Alterations to
Premises
£
250953
250953		 Total
£
2635073
1313970 4199996
1313970

Programme related investments enable other charities to further their charitable objectives as well as ours in advance of furthering the education of students throughout the UK.

Total bank loans at the year end of £2,007,849 (2024: £860189) are owed in relation to the Programme Related Investments held.

30

THE AXIS EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

17. DEBTORS

EBTORS
2025 2024
£ £
Due after more than one year
Other Debtors 0 0
Due within one year
Trade debtors 0 0
Other debtors 67400 33996
67400 33996

18. CREDITORS: Amount falling due within one year

2025
£
Bank loans and Overdraft
105000
Trade creditors
830
Other taxation and social security
7782
Other creditors
39391
Accruals and deferred income
91000
244003		 2024
£
88776
709
7605
34130
1335
132555

19. CREDITORS: Amount falling due after one year

2025 2024
£ £
Bank loans 1902849 798985
Other creditors
1902849 798985
Creditors include amounts not wholly repayable within 5 years as follows:
2025 2024
£ £
Repayable by instalments 527500 543750

Bank loans are secured by way of a charge over the freehold buildings of the charity.

31

THE AXIS EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

20. PRIOR YEAR ADJUSTMENT

There is no prior year adjsutment this year

21. STATEMENT OF FUNDS

Designated Funds
General Funds
General Funds-all funds
Total Unrestricted funds
Restricted funds
Restricted funds-all funds
Total of funds
SUMMARY OF FUNDS
General Funds
Restricted funds		 Brought
Forward
£
2223093
2223093
-143
2222950
Restated
Brought
Forward
£
2222950
0
2222950		 Incoming
Resources
£
749531
749531
129550
879081
Incoming
Resources
£
749531
129550
879081		 Resources
Expended
£
(659026)
(659026)
(105776)
(764802)
Resources
Expended
£
(659026)
(105776)
(764802)		 Transfers
In/Out
£
0		 Carried
Forward
£
2313598
0 2313598
0 23631
0 2337229
Transfers
In/Out
£
0
0		 Carried
Forward
£
2313455
23774
0 2337229

32

THE AXIS EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

22. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible fixed assets
Programme related investments
Debtors due after more than 1 year
Current assets
Creditors due within one year
Creditors due in more than one year		 Unrestricted
Restricted
Total
Total
Funds
Funds
2025
2024
£
£
£
£
37279
0
37279
35085
4199996
0
4199996
2886026
0
0
0
0
223175
23631
246806
233379
(244003)
0
(244003)
(132555)
(1902849)
0
(1902849)
(798985)
2313598
23631
2337229
2222950

23. RELATED PARTY TRANSACTIONS

There was not any related party transaction with any of the trustees this year and last year.

33