RECISTERED COMPANY NUMBER: 06541990 (England and Wales) REGISTERED CHARITY NUMBER: 1126117 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR AXIS FOUNDATTON (A COMPANY LtMITED BY GUARANTEE) Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY
AXIS FOUNDATION CONTENfs OF THE FINAI¥4CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustee8 Independent Examlner'& Report Statement of FlnAnclal Actlvltlej Balanee Sheet 10 to 11 Notes to the FIDanclal Statement8 12 to 16 Detalled Statement of FlnAnelAI Actfvltles 17
AXIS FOUNDATIOIY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustecs who also directors of the charity for the purposes of the Companies Act 2006, present their report with th¢ financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Rcporting by Charities., Statement of Rccommcnded Practice applicable lo charitics pr¢paring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTTVTTIKS ObJe¢tAve and Alrns The objectives of the charity are to advance such purposes as are iecognised as being exclusively charitablc in accordance with the law in England and Wales from time to time as our trustces in their absolut¢ discretion shall see fit. The charitable company has taken the commission's public benefit guidance into a¢¢ount when making any r¢l¢vant decisions. Acrfvltles The Foundation 8upports a variety of charitable causes both through making grants and providing resources. In particular, the charity focuses on supporting charitable caus¢s within communities with a view to improving the lives of disadvantaged r¢$id¢nts of those communities. for example, by supporting ihe improvement and rnaintenance of social housing, promoting edu¢ation. training and ski118 dcv¢lopm¢nl and youth diver8ion programmes, and supporting and promoting arts and events in the community. Th¢ found¢r of th¢ Charity. Axis Europe PLC. opcrates in th¢ ar¢a of improving and Maintaining social housing, and commercial prop¢rty. Some of the communities which th¢ Foundation supports are in areas where Axis Europe carries out its business activities. The trustees acknowledg¢ the potcntial benefit to Axis Europe in 8UPPOrting ¢ommuniti¢s in which the company also operates. However, the Charity's tivItieS are solely aimed at bringing direct benefits to the public by improving the standard of life for disadvantaged rnembers of the communities that we focus upon. Axis Europe r¢c¢ives no direct benefit from our activities. Any indirect benefit which the company may receive through our Foundation's a¢tivitie5, such as to its reputation, &rc in OUT view wholly incidental to the public benefit generated by thc Foundation in caTrying oul its charitable activity. Publlc beneflt The Trustees have considered the Charity Commission's general guidance on public benefit and hav¢ taken it inlo account when reviewing the Foundation's aims and objcctives and in planning its future aclivilies. The Trusto¢s are satisfied thal the aims of the Foundation are ¢arri¢d out wholly in pursuit of its ¢harilabl¢ aims. Page I
AXIS FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ETrIDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE Charltable actlvlties The Foundation awardcd grants totalling £379,650 duTing the year (2024 £362,973). The Main beneficiaries were: Demelza Hosplce Care for Cblldren - £173,129 Demclza is Axis, charity partner and deliver8 extraordinary care to extraoTdinary children who face serious or life-limiting conditions. Our relationship with Demelza goes back to 2003 when Axis forn)ed a special parthership with the children's hospice. We sLvted donating to Demelza in 2004 - before th¢ Axis Foundation was born - and have continued to support them in many ways: donations via the Foundation. many fimdraising adivities by our Axis employees and our annual Charity Ball and Golf Day. The latest donation of £173,129 will bring our ovmll donation lo Demclza to 1.680,753. W¢ will continue to support the hospice in their work and ¢xpand their vital service ro$S Kent and South East London. Teaching even mor¢ families who need their supporL l Aceurro - 12,500 For local childTcn, young people and adults with a disability, West-Ess¢x-ba8¢d charity Accuro offers activities and outings which reduce lonelin¢88 and providc fun and friendship. The Axis Foundalion donated £12,500 to complete the purchase of a Citrocft Enterprise Flexilile minibus with Iwo wheelchair spaces. "You have hclped make a real difference.... We can hclp ow members learn new life skills, as well as reduce social isolation whilc increasing their Confidencc giving Ih¢m the independ¢nc¢ and opportunity to intcgrale wilh their local community" _ Natalie Trapmore, GTants and Trusts Fundraiser A previous donation of £5,560 supported their days out. 2 Abbey School- £lO,1100 The Abbey School support8 children with physieAI disabilities - and now has 12 whe¢l¢hair users. Th¢ Axis Foundation donated £10,000 to hclp the charity (The Abbey School Farnham Trust) purchase a 17-s¢ater wheelchair-accessible minibus so that Abbey School pupils can go swimmin& to the gn. to local nature Te8erv¢8 and on summer school trips. "A wheelchair-acces8ible bw will make activities available to all our puptls regardless of their disability and will h¢lp increase their independencc as they grow older and leavc Abbey for further education, suptK>rted employmcnt or work experience" . David Jackson. Head Teacher 3 Brendan Go Fund Me- £8,160 Brend¢n has a very rare disability called Wolf-Hirschhorn S)drOme. He D¢¢ds 24n care. Brenden's father desperately wanted to level their garden and to cr¢at¢ a patio wheT¢ Brenden could use his K-Wall(er and his wheelchair. Page 2
AXIS FOUNDATION REPORT OF THE TRUSTEES FOR THE TrTAR ENDED 31 MARCH 2025 Landlord Peabody raiscd the alert to the family's n¢¢d8 to Axis employee Nicola Barcoc who applied to the Axis Foundation. And Axis, voluntcer operatives crcatcd a new patio of por¢elain paving slabs (which are smoother and safw), levelling the ground, and adding astro lurf. "It 1$ unbelievable. This will really help BTendan with a better quality of life. We would like to thank Axis, thc Axis Foundation and Peabody. They have been amazing" _ Brendan's parents 4 Dove Cote ChfildreDs playground - £7,666 Dove Cott House, located in Laindon, Essex, provides supported accommodation for single moth¢rs aged 18-24 who arc pregnant or have children. It is owned and managed by Axis, client Sanctuary. Thc Axis Foundation and Tr8vi$ Pcrkins donated £7,666 to provide 30 residcnts and their young children with a safe space to play. Our volunt¢¢rs cleared the area and also installed new playground equipm¢nt and fencing. .1 would just like to say thank you lo Axi8 on behalf of myself and all the residents here for making the garden a safer place for the children to play" . Toni Evan8, Sanctuary Deputy Services Manager 5 Glossopdale Furnlture- £7JOO Glossopdale Furniture Proje¢t supplies donated items of furniture and household goods to people who have been homcless and are in new accommodation. Th¢ Axi8 Foundation was delighted to supw)rt the Derbythir¢-based charity with a donation of £7,500 to pUhas¢ furniture packs. "l am writing to thank you so mu¢h for your kind donation of £7,500 to support families by way of a free furniture pack. This grant will be of enornious hclp. Ple pass on our thanks to your TntCeS for all th¢ir support to the Glossopdale Furniture Project. _ Joan Cook, Volunt¢¢r Fundraiser 6 Ryan Neuro Therapy - £7222 The Ryan Neuro Therapy Centre provides tailored physiotherapy-led exercise cla88e8 for people with neurological conditions (such &8 MS and Parkinson's) and stroke survivors. The Axis Foundation donated £7.222 to help the Surrey-based charity purchase two Mercado Rcal 9000 chairs which help thos¢ wilh neuTological conditions ¢xercis¢ and so Impro their co-ordination, cor¢-strcngth and flexibility. "As a result of your donation, mor¢ members will be able to take part in OUT 11 range of Classes, to help them keq> active, so that they can ke¢p as well as can be whilst th¢y manage their Symptoms and disability" Bonnita Apperley, Trusts and Grants Fundraiser Pagc 3
AXIS FOUIYDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 7 vle Jones (Kelly irf>uise Jones) - £6,750 Vinnie James has type I Spinal MuUlar Atrophy (SMA). Recently Vinnie has recently received trach¢o$tomy Surgery and uses a ventilator full-time. The Axis Foundation donated £6,750 to contribute to r¢suTfa¢ing the driveway at the family hon]c so that it is less bumpy for Vinnie in his mobility vehicle: any butnp could cause Vinnie's tub¢ to be dislodged. "I was so happy when I heard that the Axis Foundation was able to help Vinnie once mor¢. Having a smooth flat driveway ensures we can go out and about safcly with Vinnie, improving his quality of lifc. Thank - K¢lli¢ Louise Jone Vinnie's mother PT¢ViOUS donation5 include £6,000 to buy a P¢rniobil Koala Power chair and £4,400 to fund physiolherapy. 8 Wlldgook Rural TralDlng- £5,914 Wildgoose Rural Training provides activities for disabled adults and children who struggle with the norn)al education syst¢m and th08¢ fydcing problems with th¢ir mental health. Through taking part in activities, students acquire skills to hclp Ihem lead a more independent life8ty1¢. Thc Axis Foundation donated £5,914 to build a new barn containing two new ¢lassTooms and a storage area. ?"Big thank8 to Axis for supporting this project which has made a huge diff¢ren¢¢ to our Staff and students. Karen McConn¢ll, Development Officer A previous donation of £10,000 hclped the Worcester bas¢d charity build a new Classroom. 9 Campo Jo Jo- £5,800 Carnp Jojo helps childT¢n with complex needs and disabilities enjoy a totally accessible, family-c¢ntr¢d arnping expeTicn¢¢. The Axis Foundation donated £5,800 to buy two Alaska Siz¢ I specialist tsnts, supporting thosc who need hoisting for moving and handlin8 - and their carers. "At Camp Jojo, our motto is 'everyone can,. Our visitors realise their potential through experiences they nwy have n¢vcr previously thought possible. I can't thank the Axis Foundation and your Trustees enough . This will mean so much to our families" . Hel¢n Davi¢s, Camp Jojo Fundraiser 10 MS TherAPy Norfoll( - £5,795 Multiple S¢l¢rosis Therapy Centre Norfolk aims to providc independence lo all thos¢ with Multiple Sclerosis and all oth¢r neurological conditions. Th¢ Axis Foundation donated £5.795 to hclp the charity install automatic doors. "This makcs the team at the centrc f¢¢1 confident that they can deal with possible situations and have th¢ Tight cquipment. Wc would like to say thank you to the Axis Foundation for your support ovcr th¢ y¢ars" Nick Petch, Volunteer Fundraiser Previous donations include £2.480 to install a ramp entrance and £1,500 to purchase a dcfibrillator. Page 4
AXIS FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 A total of £129.214 was awarded to 39 other worthy causes during th¢ period. FINANCIAL REVIEW Finaneial posltlon The trustees a sati8ficd with th¢ financial outcome during the period as shown in the slat¢n]¢nt of financial ivities. Reserves pollcy Rescrves as at 31 March 2025 were £620.518 (2024 £664,873). All reserves ar¢ unrestricted. The Foundation aims to maintain a reserve cover of 200/0 as a minimum of donations received during the period to cover the cost of fllre gTants and other unfor¢s¢¢n events. It also intends to increasc granls during future periods to bring the reserve into line with this objective. The OUnts of free reserves above th¢ rcserve cover are expect to be spent on grant making. FUTURE PLANS The charity plans to continue the activities outlined above in th¢ forthcoming years subject to satisfactory funding arrangements. These plans will be financed primarily from donations received and from our reserves. Axis Europe was acquired by H.l.G Capital in July 2024. This will not atTe¢t Axis foundation as it will continue to be ind¢pendent. STRUCTU GOVERNANCE AND MANAGEMENT Governlng document Th¢ charity is controlled by its governing document, a deed of trust, and constitutes a limited Company. lirnited by guarantee, as defined by the Companies Act 2006. The charity is a company limit¢d by guarantee governed by its memorandum and articles of association dated I l March 2008. It is registered a8 a charity with thc Charity Commission. The tNstees have the powcr to deposit or invest funds in any manner they see fit. They may only invest funds after obtaining advice frorn a financial ¢xpert and having regard to the suitability of inve8lrn¢nts and the need for div¢rsifi¢ation. Funds which are not Tequired for immediate u8¢ or which will be r¢quir¢d for use at a future date rnust be Plac on deposit or invested in accordance wilh the abov¢ powers until neede(L The trustees have the power to norninate individuals for election. Once electel trustees r¢rnain so long as thc Board of Trustees s¢¢ fit. The trustees regularly review the composition of the Board and where n¢¢¢ssary either identify suilable persons to be elected or establish appropriate induclion and training for new and existing trustees. Recrultment and appolntment of new trustees Our objective is to appoint trustees with the widest range of ski118 and experience who can best further the ¢haritable aims of the Axis Foundation. Our Bi)ard of TTUStees comprise of senior individuals from Axis Europe PLC (our PTirnary fundcr) who understsnd th¢ social i&sucs and ConlUn]ty networks in our primary areas of bcnefil together with three independent tru$tses. The indcpendent trustees ensure there is no conflict of interest b¢tw¢en the business obj¢ctives of our principal fund¢r and our own charilable goals. Page 5
AXIS FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR EI¥DED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Rlsk management The trustees have a duty to idcntify and review th¢ risks to which the charity is exposed and to ensure appropriate controls are in place to provid¢ reasonable assuran¢e against fraud and error. The trustees are responsible for the overseeing of th¢ risks faced by the charity. Risks are i(knlified and assessed and controls to manag¢ them are irnplemented throughout the ycar. A fornlal review of the charitys risk management processes is und¢rtAk¢n on an annual basis. Risk is managed under the headings of financial Sustainability, governan¢¢, loss of data and fraud. Through the risk management processes established for the chaTjtyg the TnteeS are satisfied that th¢ major risks Identifi hav¢ becn adequately mitigaled where necessary. Independent Exvdmlners Report All of the currenl trus*¢s have taken all the steps Ihat they ought to have taken to make th¢m aware of any infonnation needed by the charitable company's Independent Examiners for the pU)se$ of iheir audil and to ¢6tablish that the Indep¢nd¢nt Examin¢rs arc aware of that inforniation. The tTuslces are not awaT¢ of any r¢levant audit inforn)ation of which lh¢ Indq)endent Examiners are unawar¢. Prestons & Jacksons Partncr8hip LLP were appointed as the Indepcndent Examiners REFERENCE AND ADMINISTRATIVE DETAILS Reglytered Company Dumber 06541990 (England and Wales) Reglstered Cbarlty number 1126117 Reglstered offlte 3 Tramway Avenue London E15 4PN Thistees The followlng persons Acted as trvstees durfng the year: John Martin Haycs Michael Anthony Hayes Timothy Hayes Maurice Gertski Peter Dcrek Varney Yusuf IbTahim Clai1¢ P¢ar¢e Company Secretsry: Micha¢l Anthony Hayes Page 6
AXIS FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADhllMSTrATIVE DETAII Independent Eximiner A Patel BA(Hons) BFP FCA Prestons & Jacksons Partnerthip LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY Approved by ord¢r of the board of trust¢¢8 on ..l.i.fvi PL...a.. and signed on its behalf by: Trustee Page 7
INDEPENDENT EXAMtNER'S REPORT TO THE TRUSTEES OF AXIS FOUNDATIOIY Independent examlner's report to the tnistees of Axls Foundlltion (Ithe Company,) I r¢port to th¢ Chlty tntstees on my cxarnination of the accounts of ihc Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trnstees of the Company (and also its directors for the PUTPOS¢S of company law) you are r¢spon8ible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('th¢ 2006 Act,). Having satisfied rnyself that ihe accounts of the Company are not r¢quir¢d to be audited under Part 16 of the 2(106 Act and are eligible for independent cxamination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 Cthe 2011 Act,). In carrying out my ¢xamination I hav¢ followed the Dire¢tions givm by the Charity Commission under Section 145(5) (b) of the2011 Act. Independent exAmlner'8 Statement Sinc¢ your charity's gross income excttded £250,(K)O your examiner must be a member of a listed body. I can confinn that I am qualifjed to undertake the examination because l am & member of the tnstitut¢ of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my exarnination. I confjrni that no matters have come to my attention in Connection with the examination giving me cause to believe: accounting rOrdS were not kept in rcsp¢ct of the Company as requir¢d by Section 386 of the 2006 thc accounts do not acrd with those records; or the accounts do not ¢omply with the accounting requirements of Section 396 of the 2006 Act oth¢r than any requircment that the arxounts 8iv¢ a true and fair view which is not a matter considered as part of an independent examination; or the accounts have not b¢¢n pr¢paTed in accordance with th¢ rnethods and PTincipl¢s of the Ststement of Recommended Practice for accounting and reporting by charities (applicabl¢ to charities preparing thcir a¢¢ounts in accordance with th¢ Financial Reporting Standard applicable in thc UK and Republic of Ireland IFRS 102)). I have no concerns aDd have Comc &cro8s no other matter8 in connection with the examination to which attention should be drawn in this report in ordcr io enable a proper understanding of the accounts to be reached. A Patel BA(Hons) BFP FCA Prestons & Jacksons Partncr8hip LLP 364 - 368 Cranbrook Road IlfoTd Essex IG2 6HY Page 8
AMS FOUNDATIOIY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 31.3.24 Unrestricted Total fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 485.930 575.037 Invent income 3,745 Total 489,675 575.048 EXPENDITURE ON Raising funds 149,842 94,227 Charftable actlvltles Financial Support Awarded Support C08ts 379,650 4,538 362.973 4,613 Total 534,030 461,813 NET INCOMEI(EXPENDlTURE) (44J55) 113,235 RECONCILIATIOIY OF FUNDS Total funds brought forward 664,873 551,638 TOTAL FUNDS CARRIED FORWARD 620,518 664,873 The notes fom part of these financial statements Page 9
AXIS FOUNDATION BALANCE SHEET 31 MARCH 2025 31.3.25 31.3.24 UDrestrlcted Total fund funds Notes CURRENT ASSETS Debtors Cash at bank 99,401 605,71 A 60,253 617,948 705,112 678.201 CREDITORS Amounts fallin8 due within one year (84,594) (13,328) NET CURREIYT ASSETS 62018 664.873 TOTAL ASSETS LESS CURRENT LIABILITIES 02018 664,873 NET ASSETS 620,518 664,873 FUNDS Unrestricted funds 620,518 664,873 TOTAL FUNDS 620,518 664,873 The charitsble company 1$ entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 Mah 2025. The members havc not required the company to obtain an audit of its financial statement5 for the year ended 31 March 2025 in accordance with Section 476 of the Companics Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) PT¢paring financial ststements which give a true and fair view of the state of affair8 of the charitable company as at the end of each financial y¢ar and of its surplus or deficit for ¢a¢h financial year in accoTdance with the requirements of Sections 394 and 395 and which otherwise comply with the requir¢ments of the Companies Act 2006 r¢lating to finan¢i&l statements. go far as applicable to the charitable company. The notes forni part of these financial statements Page 10 continued..
AXIS FOUNDATION BALANCE SHEET- continued 31 MARCH 2025 These financial statnentS have b¢¢n prcpared in accordance with the provisions applicable to charitable compani¢s subjcct to thc srnall companics Tcwmc. The financial 8tat¢ments were appToved by thc Board of Trustees and authorised for issue on ..l.Ih.P£adz...%o.%X..... and were signed on its behalf by: Trust¢¢ fDiriikoY . The notes forni part of these financial statements Pagell
AXIS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basls of preparlng the financlal statements Th¢ financial statements of the charitsble company, which is a public benefit entity under FRS 102. have bccn PTq)ared in accordan¢¢ with ih¢ Charities SORP (FRS 102) 'Accounting and Rcporting by Charitics: Statement of Recornmcnded Practice applicable to charities preparing their accounts in arxordance wilh the Financial Reporting Standard applicable in the UK and Republic of tTeland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Compani¢8 Act 2006. The financial statements have been prepared under the historical cost convention. Golng Concern The directors, having noted the absence of any short- or long-terni financial commitments, agree adequate reSoUe$ are available to continue operations. The charitable company therefore continues to adopt the going concern basis in prq)aring its finan¢ial stat¢ments. The charitabl¢ Company has a strong cash position with no external debt. As a r¢sult. the ac¢ounts have been prepared on a going concern basi8. Income All income is re¢ognised in ihe Statcrncnt of Financial Activitie$ once the charity has entitlement to the funds, it is probable that the income will be rc¢cived and the amount can be n]ea8ur¢d r¢liably. Expendltur¢ Liabilities are recolS¢d as expendire as soon as there is a legal or ¢on8tructive obligation committing the charity to that expenditure, il is probable that a transfer of economic benefits will be required in scttlement and the amount of the obligation can be measured reliably. Expenditure is aOUnted for on an accruals basis and has been Classified under headings that aggregate all cost related to th¢ category. Where costs cannot be directly attributed to particular hcadings they hav¢ bKn allocated to a1VitieS on a basis Consistent with the use of r¢sQU¢s. Qrants offcred subject to conditions which hav¢ not been met at the year end date arc notd as a commilment but not aCcnd as expenditUT¢. Taxatlon The charity is exempt from Corporation tax on its charitable activities. Fund Accountlng Unrestricted funds can be used in a¢¢ordance with the charitable obj¢ctives at the discretion of the trustecs. All funds held by thc charitable company are unrc8trict¢d general funds. Restricted funds only bc used for particular restrict PUTPOS¢S within the objects of the Charity. Rcstrictions aris¢ when specified by the donor or when funds aTe raiscd for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the finan¢ial statements. Page 12 continu¢d.,,
AXIS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EM)ED 31 MARCH 2025 ACCOUNTING POLICIES - tolltinued Donated good8 Donatcd goods recognised and valued at fair value on receipt. They are recognised as stock on Balance Sheet in the financial statement and upon disposal, the proceeds are recorded as charitable income. Donated Services and Facilities Donated scrviccs and facilitics aT¢ recognised and included in the SOFA at a reliable fair value, showing both income (donations) and an equivalent ¢xp¢nse in the same period. DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations Donat¢d s¢rvices and fa¢iliti¢s 452,930 33,000 575,037 485,930 375,037 INVESTMENT IIYCOME 31.3.25 31.3.24 Deposil account interest 3,745 TRUSTEES, REMUNLRA'fioN AND BENEFITS Th¢re wcre no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 Marcb 2024. Tru8tee8' expen8e$ Thcre wcrc no truslccs, cxpcnscs paid for the year ended 31 March 2025 nor for the year ¢nd¢d 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31J.2024 Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 575,037 Inv¢stment income 11 Tot81 575,048 EXPENDTTURE ON Raising funds 94,227 Page 13 continued...
AXIS FOU1DATION NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTtvtTIES 31.3.2024 - continued Unrestiicted fimd Charitable actlvltles Financial Support Awardcd Support Costs 362,973 4,613 Total 461,813 NET INCOME 113,235 RECONCILIATION OF FUNDS Totsl funds brought forward 551,638 TOTAL FUNDS CARRIED FORWARD 664,873 DEBTORS: AMOUI¥4TS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors Prepayments and accrued income 64,070 35J31 44,406 15,847 99,401 60.253 Page 14 continued...
AXIS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Othcr cr¢ditors Accruals and deferred income Accrued expenses 3,506 6.522 3,300 77,993 6,601 84,594 13,328 MOVEMENT IN FUNDS Net movement in funds At 3113125 At 114124 Unrestricted funds General fund 664,873 (44,355) 620,518 TOTAL FUNDS 664,873 (44J55) 620,518 Net movement in funds, included in the above are as follows: Incoming Resources Movem¢nt resources expended in funds Unrestricted fuDds General fund 489,675 (534,030) (44J55) TOTAL FUNDS 489,675 (534,030) (44,355) Comparatlves for movement In funds Net rnovement in funds At 3113124 At 114123 Unrestricted funds General fund 551,638 113,235 664,873 TOTAL FUNDS 551,638 113,235 664,873 Page 15 continued...
AXIS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS - continued Comparative net movement in funds, includd in the above are as follows: Incoming Resources Movement resources expended in fvnds Unrestrlcted funds General fund 575,048 (461,813) 113,235 TOTAL FUNDS 575,048 (461,813) 113,235 RELATED PARTY DISCLOSURES During thc current year, the Foundation rcccived a charitable donation of £1 00,000 (2024.. £216,079) from Axis Europe PIC wbo shared wmmon trustees. Page 16
AXIS FOUNDATION DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR EM)ED 31 MARCH 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donation8 and legacies Donations Donated services and facilities 452,930 33,000 575,037 485.930 575,037 Investment Income Deposit account interest 3,745 Total Ineomlng resources 489,675 575,048 EXPENDITURE Ralslng donation8 and legacies Fundraising Evcnts & publicity 149,842 94,227 Cb8rltable a¢tlvltle$ Grants to institutions 379,650 362,973 Support CO8t8 Flnance Bank charges 1,238 1,313 Covernance cost5 Ind¢p¢nd¢nt Examiners Fees 3,300 3,300 Total resources expended 534,030 461,813 Iyet (expendlture)Ilncome (44a55) 113,235 This page does not forn] part of the statutory fmancial statements Page 17