REGISTERED COMPANY NUMBER: 06541990 (England And Wales)
REGISTERED CHARITY NUMBER: 1126117
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
AXIS FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
Prestons & Jacksons Partnership LLP
364 - 368 Cranbrook Road
Ilford
Essex
IG2 6HY

AXIS FOUl￿ATIoN
cowrENTS OF THE FINANCIAL STATKMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
Independent Examiner's Rep)rt
Statement of Financial Activilies
BalaDee Sheet
10 to 11
Casb Flow Statement
12
Notes to tbe Casb Flow Statement
13
Notes to the Finfincial Statements
14 to 19
Detalled Statement of Financial Actlvities
20

XIS FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trust¢es who are also directors of th¢ charity for the purposes of the Companies Act 2006, present their
report with the financial statements of th¢ charity for the year ended 31 March 2024. The trust¢es have
adopted the provisions of Accounting and R¢porting by Charities: Statement of Recommended Practic¢
applicabl¢ to charities preparing their accounts in accordance with the Financlal Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019).
OKJECTIVES AND ACTIVITIES
Objeetive #nd Aims
The objectives of the charity are to advance such purposes as are recognised as being exclusively charitable
in &c￿rdanCe with the law in England and Wales from time to time as our trustees in their absolute
discrelion shall see fjt. The charitable company has taken the commission's public benefit guidance into
account when making any relcvant decisions.
AetAvStle
The Foundation supports a variety of charitable Causes both through n￿Ing grants and providing resourees.
In particular, the charity focuses on supporting charitable causes within communities with a view to
improving the lives of disadvantaged residents of those communities, for example, by supporting the
improvement and maintenance of social housing, promoting education, training and skills development and
youth diversion programmes. and supporting and promoting arts and events in the community.
The founder of the charity, Axis Europe PLC, operates in the area of improving and maintaining social
housing, and commercial property. Some of the communities which the Foundation supports are in areas
where Axis Europe Ca￿leS out its business activities. The truslees acknowledge the potential benefit to Axis
Europe in supporting Communities in whi¢h the company also operates. However, the charity's activities are
solely aimed at bringing direct benefjts to the public by improving the standard of life for disadvantaged
members of the communities that we focus upon. Axis Europe receives no direct benefit from our activities.
Any indirect benefit which th¢ company may receive through our Foundation's activities, such as to its
reputation, are in our view wholly incidental to the public benefit generated by the Foundation in carrying
out its charitable actÈvity.
Publi¢ bellefit
The Trustees have considered the Charity Commission's general guidance on public benefit and have taken il
inlo account when reviewing the Foundation's aims and objectives and in planning its future activities. The
Trustees are satisfjed that the aims of th¢ Foundation are carried out wholly in pursuit of its charitable aims.
Page I

AXIS FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRATEGJC REPORT
Achievement aDd performanee
Charitable aetivitfjes
The Foundation awarded grants totalling £362.973 during the year (2023 - £274,014). The Main
beneficiaries were:
DernelzA Hogpice Care for Children - £137,444
Demelza is Axis, charity partner and delivers extraordinary care to extraordinary children who face seriou5
or life-limiting conditions.
Our relationship with Dernelza goes back to 2003 when Axis fonned a Speci￿ partnership with the children's
hospice. We started donating to Demelza in 2004 before the Axis Foundation was bom
and have
continued to support them in many ways: donations via the Foundation. many fundraising activities by our
Axis employees and our annual Charity Ball and Golf Day.
The latest donation of £137,444 will bring our overall donation to Demelza to 1,507.624. We will continue
to support the hospice in their work and expand their vital service across Kent and South East London,
reaching even more families who need their support.
l Ml$s Emily Barker - £11,133
Little Mollie has a rare, inherited childhood neurological disorder. At￿la Telangiectasia (also known as
Louis-Bar syndrome) affects motor movement and speech as well &s the lungs and immune system. and
causes sensitivity to radiation and inere&sed risk of cancers. It is progressive and there is no cure.
The Trustees of the Axis Foundation agreed to make a donation of £11,133. This will purchase Molli¢ a
Moffilii suit (designed to rel￿ muscles through neurostimulation), a Gallileo vibration board (to help with
muscle tone) and also some specialist physiotherapy.
Emily Barker, Mollie's mother, said: "We ar¢ over the moon that Mollie's application was successful and so
grateful she will now have access to a Mollii suit and Galileo board along with Ihe specialist th¢rapy."
2 HugAbug World (HBWF £15,000
The Axis Foundation donated £15,000 to HBW to provide books with positive m¢ssa8es and affinnation
hearts and toys to young children. Our Community Investment team also worked with HB W to spread the
affinnations - alongside adorable bugs Sedric Snail, Bella Bee and friends - to schoolchildren in areas where
Axis, our parent company, property services provideT, Axis works.
"At a time where Mental Health challenges in our younger generations is finally getting some attention in the
medi& we al HBW are forever grateful to the Axis Foundation for making it possible for us to engage with
thousands of children. through your generous donation" _ Julia Keys, Founder
3 Strength and tKarning Through Horses - £12,01)0
Stren￿h & Learning Through Horses helps young people in mental health crisis turn their lives around. The
Axis Foundation awarded them a grant of £12,000 to purchase a modular building to help them continue
their services - whatever th¢ weather.
"Weareve
rateful for wr reccnl incredibl
enerous donation of £12 000 . . Thanks to
our donation
urchase a modular buildin
we will be able to ￿_
in which to teach our thiapx sessions. These sessions h¢1
oun
1¢ in mental health crisis to to turn their lives around and move towards a
ositive futu
to L JLort we will be able to hel
our su
oun
- u more of thes¢ u wLle access o
in
- Dr Ho¢kle
and Rosie Bensle
Founders and Joint CEOS
Page 2

AXIS FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
4 Theraposture Limited - £10,934
Kaiden suffers with Dravet Syndrome, a very rare and complex forni of epilepsy. He requires constant Care
and monitoring and attends Deme172 where he uses a specialist, electrically operated bed with Perspex
panels and padding to keep him safe. His father applied to the Foundation for help to purchas¢ the same bed
for Kaiden to use at home.
The Trustees of the Axis Foundation were completely unanimous in their decision to support his father's
application and have made a donation of £10,934 to buy the bed for Kaiden,
Taylor, Kaiden's father, said. am afamil and I would i _
rovidin
s the it Las taken a humon
Jous amount of and m
ressure of
words how thankful we are. Thank
wife. It's ve
ut in
- ￿hardt0L_
5 AzaleA - £10,000
A7alea supports and empowers women surviving domestic and international sex trafficking through many
programmes including Drop-ln and Ouireach and l- I recovery support. The Axis Foundation's donation of
£IO,1100 helped Azalea buy a Mobile Drop-ln Van: many women find it challenging to come to A7alea for
the first time.. years of extensive abuse foster a deep lack of trust. So, the new van purchased with our
donation will enable AzAlea to go to them.
ant Not aonl have the
demonstrated their belief in the work that Azalea ILY ￿haV also
ossibili
resent f
demonstrated their belief in LÉ of transforniation aeve survivor of
traffickin ,. A belief that all are worth , of a life free.
"We thank the Axis Foundation for investing in the liv¢s of the 421 women that we know and care for. who
are surviving sex trafficking and for partnering with us in the creation of the Mobile Drop-ln Van," Kate
Dunwoodie, Deputy CEO
6 GASP Motor Project - 10,000
GASP Motor Project provides hands-on practical training in motor mechanics for disadvantaged youngsters
many may be excluded from education OT face multiple challeng¢s at home. The Axis Foundation donated
£10,000 to help GASP buy a vanlmobile workshop, which enables them to take their courses oul to schools
and youth organisations acTOSS Surrey.
ou so much for this fan
ews. We are so ve
ettin
excited about U ￿Lf llLW van. This will
enable to hel
even more youLters benefjt from our trainin
with GASP. Th
cure accredited A
lifications with u
whi t￿he can use a5 evidence of commilment har
work and an interest in motor
m¢chanics. Man
owi
b their lives in a new direction and with a
ou so much to eve
Ilive outlook. Thank L _
Foundation"
ra Matravers Fundraisin ) and Business Develo
ment Mana er
7 Ipswich Community Playbus - £10,000
Ipswich Community Playbus transports the benefits of fun and ¢ducational play to disadvantaged children
and families, many of whom have no access to play areas. The Axis Foundation's donation of £1 0,000 helped
them convert a new Playbus - called Dennis - into another amazing play Space. Facilities on board Dennis
in¢lude a built-in slide, sand pit, new toilet and baby change area.
'This is wonderful news and ￿ Y￿e much a
reciated! Your donation will ￿enabL ￿lS to take lo the
oon. On behalf of all the children and families the Trustees and
much" . Mand Potter Pl&
bus Co-OTdinator
ousove
8 Northgate Primary School Trust - £10,000 (Toby Conway)
Page 3

AXIS FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Toby Conway has an incredibly rare genetic disorder called De Novo ZNF 292 syndrome. 11 is so rare, his
doctors and consultants have never previously encountered a patient with this dia￿OSis.
Toby h&8 autistic traits, speech delay and extreme hyper mobility. His abnorn]al brain structure prinwily
affects his short-tern) memory (so he has some educational challenges). He is physically weak and has a high
risk of epilepsy.
Despite all his challenges, Toby embraces mainstream education and loves his school. So, the Axis
Foundation Truslees awarded Toby's school (Northgaie Primary School Bishop's Stortford, Hertfordshire)
£Io,I)00 to create a sensory room. This will not only help Toby's sensory processing disorder but will also
benefit the IQO neuro-diverse pupils at the school.
Thankin
thÉ Foundation Tob
s father Mark Conwa
said. "This donation will make such a ￿hU e difference
to ￿Tob and all JLer puuil Lt his school both neurodiverse and neuro
hool do an amazin
with limited resources and thiir new senso
room will create a safe s
ace for the kids that will be
nvaluable. Thank
ou so so much '
9 Wimbledon Arts TIA Wfimbledon Book Fextfval - £10,000
Two thousand s¢hool¢hildren altending Wimbledon Bookfest's World Book Day events in March 2024 each
went home with a free book, thanks to the Axis Foundation's donation of£lO,IMIO.
'Develo
ng A love of readin
leasure is incredib
ros
ects. Children who atlend BookFest events and
Ins
ired and excited literature. We are incredtbl
donalion. hel
injustoins
. ire and encoura
ie the next
im
ortant and has a lifelon
o home of the book leave feelin
wnco
rateful to the Foundation for their Jenerous
eneration of readers" _ Fiona Razvi Festival Director
As one teacher said: "The best part is children getting a copy of the book with each ticket; the next few
weeks at school ALL chlldren in the same class are reading the same book which leads to some ￿eat book
talk and discussion and encourages their love and enthusiasm for reading."
A total of £126,461 was awarded to 28 other worthy Causes during the period.
FIDanclal revieiv
Ffinancial posltlon
The trustees are satisfled with the financial outcome during the period &8 shown in the statement of financial
activities.
Reserves pollcy
Reserves &$ at 31 March 2024 were £664,873 (2023 - £551,638). All reserves are unrestricted. The
Foundation aims to mainlain a reserve cover of 200/0 as a minimum of all donations receivd during the
period to cover the cost of future grants and oiher unforeseen events. It also intends to increase ￿antS during
future perI￿S to bring the reserve into line with this objective. The amounts of frtt reserves above the
reserve cover are expected to be spent on ￿ant making.
Future plans
The charity plans to continu¢ the activities outlined above in the forthcoming years subject to satisfactory
funding arrangements. These plans will be finan¢¢d primarily from donations received and from our
r¢serves.
Page 4

AXIS FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRu￿uRE, GOVERNANCE AND MAIYAGEMENT
GoverDing documeDt
The Charity 15 controlled by its governing document, a deed of trust, and Constitutes a limited Company,
lirnit¢d by guarantee, as defined by the Companies Act 2006.
The charity is a company limited by guarantee goveined by its memorandum and articles of association
dated I l March 2008. It is registered as a Charity with the Charity Commission.
The trustees have the power to deposit or invest funds in any manner they see fjt. They may only invest
funds after obtaining advice from a f)nancial expert and having regard to the suitability of investments and
th¢ need for diversification.
Funds which are not required for immediate use or which will be required for use at a future date musl be
placed on deposit or invested in accordance with the above powers until needed.
The trustees have the power to nominale individuals for eleclion. Once elected, trustees remain so long as
the Board of Trustees see fit. The trustees regularly review the composition of the Board and where
necessary either identify suitable persons to be elected or establish appropriate induction and training for
new and existing trustees.
RecrufitmeDt and Appolntment of Dew trvslees
Our objective is to appoint trustees with the widest range of skills and ¢xperience who can best further the
charltable aims of the Axis Foundation.
Our Board of Trustees comprise of senior individuals from Axis Europe PLC (our primary funder) who
understand the social issues and community networks in our primary are&s of benefit together with three
independent trustees. The independenl trustees ensure there is no conflict of interest between the business
objectives of our principal funder and our own ¢haritable goals.
Risk mgnggtDJent
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls ar¢ in place to provide reasonable assurance against fraud and error.
The truslees are responsible for the overseeing of the risks faced by the charity. Risks are identified and
&8sessed and controls to manage them are implemented throughout the year. A fornial review ot the charity's
risk management processes is undertaken on an annual basis. Risk is managed und¢r the headings of
financial sustainability, governance, loss of dala and fraud. Through ihe risk management processes
estsblAshed for the charity, the Truslees are satisfied that the major risks identified have been adequat¢ly
mitigated where necessary.
Independent Examlllers Report
All of the current trustees have taken all the steps that they oughi to have taken to make them aware of any
infornjation needed by the charitable company's Independent Examiners for the purposes of their audit and io
establish that the Independent Examiners are aware of that information. The trustees are nol aware of any
relevant audit inforniation of which the Independent Examiner5 are unaware.
Prestons & Jacksons Partnership LLP were appointed as the Independent Examiners
REFERENCE Al￿ ADMINISTRATIVE DETAII
Registered Company number
06541990 (England and Wales)
Page 5

AXIS FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Registered Charity number
1126117
Regfistered offiee
3 Tramway Av¢nue
London
E15 4PN
Trustees
The followlng persons g¢ted as trustees during tbe year:
John Martin Hayes
Michael Anthony Hayes
Timothy Hayes
Maurice Gertski
Peter Derek Varney
Yusuf Ibrahim
Claire Pearce - Appointed on 15th April 2023
Sandra Isabel Ryan - Resigned on 28th April 2023
Cothpany Secretary:
Michael Anthony Hay¢s
llldependent Examiner
A Patel BA(Hons) BFP FCA
Prestons & Jacksons Partnership LLP
364 - 368 Cranbrook Road
Ilford
Essex
IG2 6HY
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees (who are also the directors of Axis Foundation 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 slate of affairs of the charitable Company and of the incorning 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 reasonabl¢ and prudent"
state wh¢lh¢r applicable accounting standards have been followed, subjeet to any material departures
discloKd and explained in the financial statements.
prepare the financial statements on the going concern b&sis unless it is inappropriate to presume that the
charitable company will continue in business.
Page 6

15 FOUNDATION

INDEPENDEIYT EXAMINER'S REPORT TO THE TRUSTEES OF
AXIS FoU￿1DATION
Independent examiner's report to the trustees of Axls FoundatioD ('the Company,)
I report to the charity trustees on my examination of the accounts of thc Company for the year ended
31 March 2024.
Responsibilities and basis of report
As the charity'5 trustees of the Company (and also its dire¢tors for the purposes of company law) you are
responsible for the preparation of the accounts in ac￿rdanCe with the requirements of the Companies Act
2006 (*he 2006 Act?.
Having satisfjed myself that Ihe a¢counts of the Company are not required lo be audiled under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your
charity's accounts as carried out under Section 145 of the Charities Acl 2011 ('the 2011 Ace). In ¢￿ing out
my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of
the 2011 Act.
Independent examlner's ststement
Sincc your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I
can confirni that I am qualified to undertak¢ th¢ examination because I am a rnember of the In51itute of
Charter¢d Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confinn that no matters have come lo my attention in connection with
the examination giving me cause to believe:
accounting records w¢re not kept in r¢spect of the Company as required by Section 386 of the 2006
ACL or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as
part of an independent examination: or
the accounts hav¢ not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charities (applicabl¢ to charities preparing
their account5 in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102)).
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 lo enablc a proper understanding of the acxounts to be
reached.
1£L
A Patel BA(Hons) BFP FCA
Prestons & Jacksons Partnership LLP
364 - 368 Crdnbrook Road
Ilford
Essex
IG2 6HY
19.1.: .1......
Page 8

AXIS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
31.3.23
Unrestricted Totsl
fund
funds
Notes
INCOME AND ENDOWMEIYTS FROM
Donations and legacies
575,037
608,471
Investment income
11
Totsl
575,048
608,471
EXPENDITURE ON
Raising funds
94327
95,542
Charltable activitles
Flnancial Support Awarded
Support Costs
362,973
4,613
274,014
536
Total
461,813
370,092
NET INCOME
113,235
238,379
RECONCILIATION OF FUNDS
Total funds brought forward
551,638
313,259
TOTAL FUIYDS CARRIED FORWARD
664073
551,638
The notes forni part of these fmancial statements
Page 9

AXIS FOUNDATION
BALANCE SHEET
31 MARCH 2024
31.3.24
31.3.23
Unrnstricted Total
fund
funds
Notes
CURRENT ASSETS
Debtors
Cash at bank
10
60253
617,948
41,035
564,775
678201
605,810
CREDITORS
Amounts falling due within one year
(13J28)
(54,172)
NET CURRENT ASSETS
664,873
551,638
TOTAL ASSETS LESS CURRENT
LIABILITIES
664,873
551,638
NET ASSETS
664,873
551,638
FUNDS
Unrestricted funds
12
664.873
551,638
TOTAL FUNDS
664,873
551,638
The charitable company is entitled to exemption from audit under Section 477 of th¢ Companies Act 2006
for the year ended 31 March 2024,
The members have not required the company to obtain an audit of its financial statements for the year ended
31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting re¢ords that comply with Sections 386 and 387
of the Companies Act 2006 and
(b} preparing financial stat¢m¢nts which give a true and fair view of the state of affairs of the charilabl¢
company &8 at the end of each financial year and of its surplus or deficit for each financial year in
a¢cordance with the requirements of Se¢tions 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial stat¢m¢nts, so far as applicable to the
charilable Company.
The fi
statement5 were approved by the Board of Trustees and authorised for issue on
and were signed on its behalf by:
The notes forni part of these fmancial statements
Page 10
Continued...

AXIS bY)U14DA110N
Tr¥M•
rDir0￿2 m, PLlfyTrook

AXIS FOUNDATION
CASH FLOW STATEMENT
FOR THE YEAR EIYDED 31 MARCH 2024
31J.24
31.3.23
Notes
Cash Ilows from operating activitles
Cash g¢nerated from owations
53,162
232,281
Net cash provided by operating activilies
53,162
232,281
Cash flows from investing ¥etSvlti
Inlerest received
11
Net cash provided by investing activities
11
Ch*Dge in cash 8nd cash equivalents
An tbe reportlng perlod
Cash and ¢asb equivalents at the
beglDDln8 of Ihe reportlng perlod
53,173
232,281
564,775
332,494
Cg$h and eash equivalents at the end
of the reporting period
617,948
564,775
The notes fonn part of these fmancial statements
Page 12

AXIS FOUNDATION
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
RECONCILIATION OF NET INCOME TO IYET CASH FLOW FROM OPERATING
ACTIVITIES
31J.24
31.3.23
Net income for the reporling period (as per the Statement of
Finaneial Activities)
Adjustments for:
Interest rcceived
Increase in debtors
IDecrease)lincrease In Creditor5
113335
238,379
(11)
(19218)
(40,844)
(34,585)
28,487
Net cash provided by operatfioDS
53,162
232,281
ANALYSJS OF CHANCES IN NET FUNDS
At 114123 Cash flow At 3113124
Nct C2Jh
Cash at bank
564,775
53,173
617,948
564,775
53,173
617948
Total
561775
53,173
617,948
The notes fonn part of these financial statements
Page 13

AXIS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Basis of preparing the fiDanctal statements
Th¢ 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 l 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 historica] cost convention.
Going eoncern
The directors, having noted the absence of any short- or long-terni financial cornmilrnents, a￿ee
adequate
resources are available to continue operations. Th¢ charitable company therefore continues to adopt
the going concern basis in preparing its financial statements. The charitable company has a strong
cash position with no external debt.
As a result. the accounts have been prepared on a going concern basis.
Income
All income is recognised in th¢ Statement of Financial ActlVAties once the charity h&s entitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expendlture
Liabilities are reCo￿lised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounled for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be direcily attributed to particular headings they have
been allocated to activities on a basis consistent with the use of resources.
Grants offered subjert to ¢onditions which have not been met at the year end date are noted as a
Commitment but not accrued as expenditure.
Taxation
The charity is exempt from Corporation tax on its charitable activities.
Fund aceounting
Unrestricted funds can be used in accordance with the charitable objectives at th¢ discretion of the
trustees.
All funds held by the charitable company are unrestricted general funds.
Restricted funds can only be uscd for particular restricted purposes within the objects of the Charity.
Restriction5 aTiS¢ when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fimd is included in the notes to the financial
statements.
Page 14
continued...

AXIS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
DONATIONS AND LEGACIES
31.3.24
31.3.23
Donations
575,037
608,471
INVESTMENT INCOME
31.3.24
31.3.23
Deposit account interest
11
RAISING FUNDS
RafisiDg donalioDS and legacies
31.3.24
31.3.23
Fundraising Events & publicity
94,227
95,542
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
Support
costs (see
note 7)
6)
Totals
Financial Support A warded
Support Costs
362,973
362,973
4,613
4.613
362,973
4,613
367,586
GRAIYTS PAYABLE
31.3.24
31.3.23
Financial Support Awarded
362,973
274,014
Page 15
ntinued...

AXIS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 hL4RCH 2024
CRANfs PAYABLE - eontinued
The total grants paid to institutions during the year was as
follows:
31.3.24
31.3.23
Deme17a House
Swale Gloves
Chartwell Trust
Youth Talk
Newhaven Seaford Sailing
Easy Mobility
Dental Wellness
Off the Fen¢¢
Maypole Projects
Ashma Relief
Other Causes
Azalea
British Disabled Angling Association
Douglas Bader Foundation
Farnham Powerchair Football Club
GASP Motor Project
HugaBug World Limited
Ipswich Community Playbus
Northgate Primary School Trust
Red Eagle Foundation
Strength and Leaming Through Horses
Theraposture Ltd
Wimbledon Arts TIA Wimbledon Book Festival
137,444
138.970
10,000
10,000
9.800
9,280
8,000
7,000
6,866
5,700
62,398
4,750
6,750
103,722
10,000
5,598
5,000
6,775
10,000
15,000
10,000
10,000
5,000
12,000
10,934
10,000
362,973
274,014
SUPPORT COSTS
Governance
costs
Finance
Totals
Support Costs
la13
3JOO
4,613
Page 16
continued...

AXIS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the
year ended 31 March 2023.
Trustees, eipensej
There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended
31 March 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31.3.2023
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Donations and legacies
608,471
EXPENDITURE ON
Raising funds
95,542
Charitable actlvlties
Financial Support Awarded
Support C03ts
274,014
536
Total
370,092
NET INCOME
238,379
RECONCILIATION OF FUNDS
Total funds brought forward
313,259
TOTAL FUNDS CARRIED
FORWARD
551,638
Page 17
continued...

AXIS FOUNDATION
NOTES TO THE FINANCIAL STATEmE￿rs - Continued
FOR THE YEAR ENDED 31 MARCH 2024
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31,3.23
Trade debtors
Prepayments and accrued income
44,406
15,847
41,035
60,253
41,035
11. CREDITORS: AMOUNTS FALLING DUE WITHIN OIYE YEAR
31.3.24
31.3.23
Trade creditors
Other Creditors
Accruals and deferred income
Accrued expenses
10.629
3,506
38,537
1.500
3,506
6,522
3aOO
13J28
54,172
12. MOVEMENT IIY FUNDS
Net
movement
in funds
At
3113124
At 114123
Unrestrfi¢ted funds
General fvnd
551,638
113J35
664,873
TOTAL FUNDS
551,638
113,235
664,873
Net movemenl in funds, included in the above are as follows;
Incoming Resources Movement
resources
expended
in funds
Unre8trieted funds
General fund
575,048
(461.813)
113335
TOTAL FUNDS
575,048
{461,813)
113235
Page18
continued...

AXIS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR EIYDED 31 MARCH 2024
12. MOVEMENT IN FUIIDS- continued
Comparalives for rnovement in funds
Net
movement
in funds
At
3113123
At 114122
Unrestrkted fuDds
General fund
313259
238.379
551,638
TOTAL FUNDS
313.259
238,379
551.638
Comparative net movement in fimd& included in the above are as follows:
Incoming Resources Movement
resources
expended
in funds
UDrestrlcted fuDd$
General fund
608,471
{370,092)
238,379
TOTAL FUNDS
608.471
(370,092)
238,379
13. RELATED PARTY DISCLOSURES
During th¢ current year, the Foundation r¢c¢iv¢d a charitable donation of £216,079 (2023: £236,278)
from Axis Europe Plc.
Page 19

AXIS FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
31.3.23
INCOME AND ENDOWMEKrs
Donations aDd legacies
Donations
575,037
608,471
Investment ineome
Deposit account interest
11
Totsl iD¢oming resoureeJ
575,048
608,471
EXPENDITURE
Raising donatlons and legacie8
Fundraising Events & publicity
94,227
95,542
Chgritable aetfvltl¢s
Grants to inslitulions
362,973
274,014
Support costs
FIDaDce
Bank charges
lJ13
536
Governance ¢o$ts
Independent Examiners Fees
3JOO
Total resources expended
461,813
370,092
Net income
113,235
238,379
This page does not forni part of the ststutory financial slatements
Page 20