Company registration number.. 07771465
Charity registration number.. 1144043
Tutor Trust
IA cornpany limited by gu8ranteel
Annual Report and Financial Statements
for the Year Ended 31 August 2025

Tutor Trust
Contents
Reference and Administrative Details
Strategic Report
2to5
Trustees. Report (incorporating Directors. Report)
6t07
Statement of Tru5tee5' Responsibilitie5
Independent Auditorfs Report
9t012
Statement of Financial Activitie5
13
Balance Sheet
14
Statement of Cash Flows
15
Notes to the Financial statements
16to28

Tutor Trust
Reference and Administrative Details
Trustees
P J Mclntyre
L Banahene
L V Crompton
M A Hanbury
P Lloyd (resigned 8 July 20251
l Nuttall
N Ogle
H L Pratten
A Watkin Iknown as A Persinl
Key Management Personnel
Ed Marsh. Chief Executive Officer
Abigail Shapiro. Co-founder and Executive Director
Principal Office
2. Floor Studio 10
10 Little Lever Street
Manchester
MI IHR
The Charity is incorporated in England and Wales.
Company Registration Number
07771465
Charity Registration Number
1144043
Bankérs
The Co-operative Bank plc
PO Box 101
l Balloon Street
Manchester
M60 4EP
Audltor
Mitchell Charlesworth (Auditl Limited
44 Peter Street
Manchester
M2 5GP
Page I

Tutor Trust
Strategic Report for the Year Ended 31 August 2025
The Trustees, who are directors for the purposes of company law, present their strategic report for the year
ended 31 AugLJ5t 2025, in compliance with s414C of the Companie5 Act 2006.
Achievements and Performance
2024125 was the first academic year since 2020 when schools haven't been able to access subsidised tuition
through the National Tutoring Prtsgramme INTPI. This has contributed to a difficult environment for the
Charity, with the young people we support facing Significant challenge5 due to well-documented regional
inequalities and schools facing a funding crisi5. Against this backdrop, we are proud to have supported nearly
5,500 pupils in total during 2024125. Within our overall pupil numbers we have seen demand for our Tutoring
Plus work- the specialised l..1 support for pupils who may have more complex learning needs- continue to
8row, supporting 543 young people, over 100 more than in 2023124.
We have expanded into the Tees Valley town of Hartlepool, where we supported 530 primary school pupils
across 16 educational settings, and we have also piloted support for post-16 learners resitting their GC5Es.
Our Impoct
During the 2024125 academic year, we worked with 5,488 pupils12023124.. 6,016 pupils), partnering with 183
schools, college5 and education setting512023124.. 1491. Although the number of pupils 15 lower than in the
previous year, given that schools are no longer receiving the NTP subsidy (which was 50% in 20231241, we are
proud to have expanded the education partners we are working with. 91% of the pupils we worked with were
either entitled to Pupil Premium funding or attended a school serving a low-income area12023124.. 92%).
In SATS we reduced the attainment gap by 7 percentage points (ppl in re3ding and 4pp in maths, and in GCSES
we reduced the attainment gap by 16pp in science, 14pp in maths and 3pp in English. The attainment gap is
the difference between disadvantaged pupils and their non-disadvantaged peers in the Local Authorities we
work in. We provide detailed analysis of SATS and GCSE results in our annual Impact Report.
Financiol support
Following on from fundraising SLJccesses in previous years, we have secured funding from new relationships
with grant-making trusts and philanthropists who want to support our work as well as renewing some of our
existing multi-year partnerships ènd securing other grants from existing funders. We continue to receive vital
support from Impetus- this includes financial support and consultancy advice from our Investment Director,
pro bono support from the Impetu5 network, and introductions to other funder5.
Tutoring Plus
Our Tutoring Plus team focuses on those who may benefit from more individually tailored or diversified
support. primarily working with pupils who mèy be care-experienced, in alternative provision, at risk of
exclusion, have additional needs or mental health challenges, or have perslstent or Severe absence from
school. Following on from 13S% growth in pupil numbers in 2023/24, the team has worked with 543 young
people this year, a further increase of 25%12023124.. 4341.
More than half of Tutoring Plus pupils have Special Educational Needs and Disabilities ISENDI, with the
number of SEND pupils growing this year by 80%, and 85% of Tutoring Plu5 pupi15 are persistently or severely
absent from school. We know that our flexible, holistic approach to tutoring helps to improve engagement in
learning and pupils, average attendance in tutoring was 16 percentage points higher than their average school
attendance. Our goal is to support pupils to reintegrate into school and the mentoring we provide is a crucial
aspect of this work.
Proje(ts qnd Portnership5
We have received funding from the john Armitage Charitable Trust to expand our tuition programmes into
Hartlepool with secured funding to continue this work until June 2027. This work started with Year 6 pupils
and we're now building on the foundations developed in the first year, expanding our offer to secondarv
schoo15 and exploring other opportLJnities in the North E3St.
Page 2

Tutor Trust
Strategic Report for the Year Ended 31 August 2025
We hève continued to work as a delivery partner of Axiom Maths which provides group mentoring to foster a
love of maths, building mathematical reasoning and problem-501ving skills through collaboration. We a150
partner with The King's Trust to offer their Achieve programme through our Tutoring Plus team, helping young
people to gain GCSE-equivalent qualifications focused on their future career prospects.
2024125 saw the conclusion of our Transition Project in East Salford, funded by The Headley Trust. This projert
supports pupils as they move between primary and secondary Schools and we worked with 103 pupi15 across
five secondary schoo15 in Salford. We have now 5ecLJred funding for a Transition Project in Oldham which will
run across 2025126 and 2026127.
The Education Endowment Foundation is funding an evaluation of a pilot project which saw us provide
support for p05t-16 learner5 resitting their GCSE5. This targeted 5UPPOrt will be independently evaluated by
the National Foundation for Educational Research INFERI. Initial results from 2024125 resits are encouraging
and a full report is expected in 2026.
Our university partnerships are a cornerstone of our success, as they enable us to tap into a pool of talented
tutors while creating meaningful wider benefits for learners. institutions and communities. Our Widening
Participation IWPI 5cherne offers a guaranteed interview to applicant5 who are eligible for university access
schemes. This year, 45% of our newly recruited tutors were from WP backgrounds, meaning they're more
likely to be from socially deprived backgrounds and are therefore at the highest risk of dropping out of
university. Tutoring is also a key pathway into teachin& giving tutors the opportunity to gain experience in the
education sector.
Ourteom
The size of our staff team has remained stable over the last year with an average of 59 staff compared to 58
in the previous year. Having taken the opptsrtunity to restructure the team in the previous year to develop
our capability in some key area5. particularly with the introduction of a dedicated fundraising team, the
main change this year has been to bring in a small team to manage and deliver tuition in the Tees Valley
area.
Our team of tutors continues to deliver our high-quality tuition, with 285 tutors delivering sessitsns for us
12023/24.. 292 tutorsl. Our tutors are predominantly undergraduates, and many are fr()m socially
disadvantaged background5, 50 paying them for their time and skills recognise5 the transformative impact
they have on young people's lives, while providing a pathway for students to contribute meaningfully to
their communities.
One of our trustees, Phil Lloyd. stepped down from the Board of Trustees during the year and we are very
grateful to him for his contribLJtion during his time on the Board.
Financial Review
The Charity's income is slightly lower than the previous year, with total income of £3.4m12023124.. £3.7ml.
Thi5 reflects our decision to reduce our hourly charge to schoo15 following the end of National Tutoring
Programrme subsidie5 to ensure our tuition programrne5 remain acce55ible a5 we are very aware of the
ongoing budget pressures faced by schools. Tuition income reduced from £1.5m in 2023124 to £0.9m and now
represents 25% of our total income12023124.. 40%). However, income from grants and donations was £2.6m
compared to £2.2m in 2024125. We are seeing a growth in our restricted funding and this represented 24% of
our total income12023124.. 11%).
Costs have decreased to £3.7m12023124.. £3.9ml. We have continued to be impacted by cost of living
pressures but have been taking steps to manage our costs effectively in order to secure our financial
sustainability. A net deficit of £0.3m12023124.. net deficit of £0.2ml is being reported, which reflects a planned
reduction in the level of free reserves.
Ca5hflow ha5 remained healthy throughout the period and, at the end of the financial year, the bank balance
was £l.Im12023/24.. £1.3ml with total funds of £1.3m12023124.. £1.6ml.
Page 3

Tutor Trust
Strategic Report for the Year Ended 31 August 2025
Pollry on reserves
The objective of the reserves policy is to retain a sufficient level of funds to allow for cashflow troughs, to
meet unexpected expenses and to provide time to seek alternative funding in the event of a downturn, or to
support schools with an immediate need for tuition where other funding is not available. The target range of
reserves (known as 'the Operating Reserve'l is three to six months of full operating costs.
The amount of the Operating Reserve is reviewed at every Finance and Risk Committee meeting and reported
to the following Trustees, meeting. The balance of unrestricted fund5 held at 31 AugLJSt 2025 wa5 £0.99m, of
which £0.96m represents free reserves. This represents 3.1 months of full operating costs which is within the
target range for the Operating Reserve.
The policy a150 requires two months, forecast gr055 cash outflows to be held a5 cash at bank, and the Tru5tee5
are satisfied that this requirernent was met at 31 August 2025.
Since the end of the financial year, the Trustees have approved an updated reserves policy to reflect the
increase in restricted funds being received by the Charity, to ensure that the Charity is not tying up too much
of its funds in reserves and limiting its ability to fulfil its charitable objects. The new policy sets a minimum
level of reserves as the higher of three rnonth5 of operating costs or the costs associated with ensuring an
orderly winding UP, with operating costs for these purposes excluding any costs which are expected to be
covered by restricted funds. Had this policy been in place at 31 August 2025, the minimum level of reserves
required would have been £0.89m and therefore the Trustees are satisfied the level of free reserves would
have met thi5 target.
Principol nsks and uncertointie5
We have a risk register for the Charity, which is regularly reviewed and revised by the Senior Management
Team and the Trustees. The Finance and Risk Committee takes a close interest in the risk register, reviewing it
at each meetI￿g and reporting back to the following Trustee5' meeting.
The Charity's principal risks continue to relate to the economic climate which it is oper3ting within. The
National Tutoring Programme has now ended and this limits schools, financial capacity to provide tutoring for
their pupils. while at the same time there continues to be pressure on the Charivs cost base with inflation
rates n()t falling as quickly as hoped. In order to mitigate the risk to the Charity, we ctsntinue to Use
philanthropic funding to 5ub5idi5e the cost which schools pay for tuition, through both unrestricted funding
and projett funding, where we work with partners to deliver tuition to specific groups of pupils or in particular
locations.
Plans for Future Perlods
Over the past year we have developed a bold new three-year strategy to maximise our impact and ensure
tutoring remains a permanent force for fairness in education. By 2028, our ambition is to support more than
7,500 pupils each year across the North, with a growth trajectory to reach 10,000 by 2030. Our priorities for
2025-2028 are..
Broadening our reach- growing our partner schools by 20% by 2028 so that more pupils acce55 life-
changing tuition
Building new univer51ty partnerships- embedding tutoring into the student experience, creating future
role models while supporting pupils to raise aspirations
Regional expansion - launching in at least one new area by 2027, learning from our successful growth
into Tees Vallev
Growing Tutoring Plus- developing our tailored support for pupils facing the greatest barriers, with a
dedicated strategy to be published in 2026
Advocating for system change- building a national coalition to secure a long-term, state-funded tutoring
entitlement for disadvantaged young people
Page 4

Tutor Trust
Strategic Report for the Year Ended 31 August 2025
Thank youl
Thank you to all our supporters and partners- your continued cornmitment ensures we can keep providing
high-quality tutoring where it ha5 the greatest impact.
The Strategic Report was approved by the Trustees of the Charity on 27 January 2026 and signed on its behalf
bv..
P J Mclntyre
Trustee
Page 5

Tutor Trust
Trustees, Report {incorporating Directors, Report) for the Year Ended 31 August 2025
Structure, Govemante and Management
Nature of governing document
The Charity Is governed by it5 Memorandum and Articles of A550ciation.
Constltutlon und oryunlsotlonul strurture
The Company is registered as a charitable company, limited by guarantee, registered charity number 1144043.
The Charity Is governed by the Trustees who are appointed in line with the Charity's Articles of Association.
The Board has two sub-cornmittees, the Finance and Risk Committee and the Education Committee, which
provide Trustees with the opportunity to more closely scrutinise and support all aspects of the Charity's
activities. Day-to-day management of the Charity is delegated to the key management personnel and, through
them, the Senior Management Team.
Recruitment undappointment of Trustees
Our initial Board of Trustees were recruited informally, through our professional and education networks in
Manchester. Following a formal Board review, we undertook an open recruitment pr()cess and, during
2021122, we welcomed six new trustees to the Board as a result of this process. An open recruitrnent process
is taking place during 2026 to bring in more trLJ5tees with education experience following recent changes to
the Board.
A formal induction process is in place for all new Trustees joining the Board, which includes them being
assigned a 'buddy' from 3mong the current Trustees to support them in getting to know the Charity and their
new role. All our Trustee5 have an enhanced DBS check.
Arrangementslor setting key man¢7gementpersonnel remuneration
Tutor Trust has introduced a comprehensive Reward Statement that summarises the benefits to employees tsf
working for our Charity. including fair and competitive 5alarie5 for the sector. Salaries have been benchmarked
against the rest of the sector and individual 5alarie5 are reviewed annually as part of the appraisal proce55. in
3ddition to all employees receiving an annual cost-of-living pay increase.
Oblectlves and Actlvltles
Objects ortd activities
The Charity operates through a ch3ritable company and the Charity's objects are to 3dvance the education of
the public in the United Kingdom.
Public benefit
The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to
have due regard tci the public benefit guidance published by the Charity Commission for England and Wales.
The Charities Act 2011 identifies 13 descriptions of charitable purpose and in our view the work of the Charity
meets the following..
Relief of poverty
Advancement of education
Advancement of health
Advancement of community development
Relief of those in need by reason of youth. age. ill-health. disability, financial hardship or disadvantage.
Activities undertaken to further charitable objectives for public benefit are described on page 2. All services
are provided free of charge to beneficiaries.
Page 6

Tutor Trust
Trustees, Report {incorporating Directors, Report) for the Year Ended 31 August 2025
Golng Concern
The Trustees consider that there are no material uncertainties about the Chèrity's ability to continue as a
going concern nor are there any significant areas of uncertainty that affect the carrying value of assets held by
the Charity. In reaching this conclusion, the Trustees have considered the Charity's current level of
unrestricted funds, the funding commitments already secured for 2025126 and 2026127, and the Charity's
2025-2028 strategy. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing
the financial statements.
Disclosure of Information to Auditor
Each Trustee has taken the steps that they ought to have taken as a Trustee in order to make themselves
aware of any relevant audit information and to establish that the Charity's auditor is aware of that
information. The Trustees confirm that there is no relevant information that they know of and of which they
know the auditor 15 unaware.
The annual report was approved by the TrLJStees of the Charity on 27 January 2026 and signed on its behalf by:
P J Mclntyre
Trustee
Page 7

Tutor Trust
Statement of Trustees, Responsibilities for the Year Ended 31 August 2025
The Trustees (who are also the directors of Tutor Trust for the purposes of company lawl are responsible for
preparing the Trustees, report (incorporating the Directors, report) and the financial statements in accordance
with the United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice) and
applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under company
law the Trustees must not approve the financial staternent5 unless they are satisfied that they give a true and
fair view of the state of affairs of the Charitable Company and of its incoming resoLJrces 3nd application of
resources, including its income and expenditure, for that period. In preparing these financial statements the
Trustees are required to..
select suitable accounting policies and apply them consistently,.
observe the methods and principles in the Charities SORP,.
make judgement5 and e5timate5 that are reasoriable and prudent,.
State whether applicable UK Accounting Standard5 have been followed, subject to material departures
disclosed and explained in the financial statements., and
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 adequate accounting record5 that are sufficient to show and explain
the Charitable Companvs transactions and disclose with reason3ble accuracy at any time the financial position
of the Charitable Company 2nd enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable Company and
hence for taking reasonable steps ftsr the prevention and detection of fraud and other irregularities.
Approved by the Trustee5 of the Charity on 27 January 2026 and signed on its behalf by..
P J Mclntyre
Trustee
Page 8

Tutor Trust
Independent Auditor's Report to the Members of TutorTrust for the Year Ended 31
August 2025
Oplnlon
We have audited the financial statements of Tutor Trust Ithe'charitable cornpany'l for the year ended 31
August 2025 which comprise the statement of financial activities, balance sheet, statement of cash flows and
the related notes. The financial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards, including FRS 102 Yhe Financial Reporting Standard
applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice).
In OLJr opinion, the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 August 2025 and of its
incoming resources and application of resources, including their 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 requirernent5 of the Cornpanies Act 2006.
Basis for opinion
We conducted our audit in accordance with International standards on auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statement5 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 Boin8 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 perforrned, we have not identified any material uncertainties relating to event5 or
conditions that, individually or collectively, may cast significant doLJbt 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 re5pon5ibilities and the responsibilitie5 of the Trustees with respect to going concern are described in the
relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The Trustee5 (who are also the director5 of the charitable
company for the purposes of company lawl 3re responsible for the other information. Our opinion on the
financial statements does not cover the other information and, except to the extent otherwise explicitlv
stated in our report. we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statement5 our responsibility is to read the other information
and, in doing 50, 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 there is a material misstatement in the financial statements or a material misstatement of the other
information. If, based ori the work we have performed, we conclude that there 15 a material misstatement of
this other information, we are required to report that fact.
We have nothing to report in this regard.
Page 9

Tutor Trust
Independent Auditor's Report to the Members of TutorTrust for the Year Ended 31
August 2025
Matters on whlth we are requlred to report by exteptlon
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reportsl Regulations 2008 require us to report to you if, in our opinion..
the information given in the financial statements Is inconsistent in any material respect with the trustees,
report,. or
the charitable Company has not kept adequate accounting records,. or
the financial statements are not in agreement with the accounting record5 and return5', or
we have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the Trustees. Responsibilities Statement set out on page 8, the Trustees (who are
also the directors ()f the charitèble company for the purposes of company lawl are responsible for the
preparation of the financial statement5 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.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with
regulations made under section 154 of that Act.
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 an auditorfs report that Includes our
opinion. Reasonable assurance 15 a high level of assurance, but is not a guarantee that an audit conducted i
accordance with ISAS IUKI 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.
Irregularities, including fraud, are instances of non-compliance with law5 and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud. is detailed below.
Because of the inherent limitation5 of an audit, there 15 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 mi5repre5ent3tion.
Extent to which the audit was considered capable of detectin8 irregularities, including fraud
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or
error, and then design and perform audit procedure5 responsive to those ri5k5, including obtaining audit
evidence that is sufficient and appropriate to provide a ba515 for our opinion.
Page 10

Tutor Trust
Independent Auditor's Report to the Members of TutorTrust for the Year Ended 31
August 2025
Identlfylng and assesslng potentlal rlsks related to Irregularltles
In identifying and a5se55ing risks of material mi55tatement in respect of irregularities, including fraud and non-
compliance with laws and regulations, we considered the following..
the nature of the sector, control environment and charitable company's performance.,
results of our enquiries of management about their own identification and assessment of the risks of
irregularities,.
any matters we identified having obtained and reviewed the charitable company's documentation of their
policie5 and procedures relating to..
identifying. evaluating and cornplying with laws and regulations and whether they were aware of anv
instances of non-compliance,.
detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected
or alleged fraud..
the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.. and
the matters discussed among the audit engagement team re8arding how and where fraud might occur in
the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the
organisation for fraud and identified the greatest potential for fraud in relation to the timing of the
recognition of income. In common with all audits under ISAS IUKI, we are also required to perform specific
procedures to respond to the risk of management override and we identified 3 risk in relation to the p05ting
of unusual journals and the manipulation of accounting estimates.
We also obtained an understanding of the legal and regulatory frameworks that the charitable company
operates in, foeusing on provisions of those laws and regulations that had a direct effect (>n the deterrnination
of material amounts and disclosures in the financial statements. The key laws and regulations we considered
in this context included the reporting requirements of the Charity Commission regulations.
In addition, we considered provisions of other laws and regulations that do not have a dirert effect on the
financial statements but compliance with which may be fundamental to the charitable company's ability to
operate or to avoid a rnaterial penalty.
Audit response to risks identified
In addition to the above, our procedures to respond to risks identified included the following..
reviewing the financial statement disclosures and testing to supporting documentation to assess compliance
with relevant laws and regulations deseribed above as having a direct effect on the financial stètements,.
enquiring of management and members of the Board of Trustees toncerning èctual and potential litigation
and claims,.
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks
of material misstatement due to fraud.,
reading minutes of meetings of those charged with governance and reviewing correspondence with relevant
authoritie5 where matters identified were significant,.
in addressing the risk of fraud through management override of coritrols, testing the appropriateness of
journal entries and other adjustments- a55essing whether the judgements made in rnaking accounting
estimates are indicative of a potential bias,. and evaluating the business rationale of any significant
transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement
team member5 and remained alert to any indic3tions of fraud or non-compliance with13ws and regulations
throughout the audit.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council'5 web51te at.. www.frc.org.uklauditorsrespon5ibilitie5. This description fortlls part of our
auditor's report.
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Tutor Trust
Independent Auditor's Report to the Members of TutorTrust for the Year Ended 31
August 2025
Use of our report
Thi5 report is made 501ely to the charity's trustees, a5 a body, in 3ccordance with Part 4 of the Charities
IAccounts and Report51 Regulations 2008. Our audit work ha5 been undertaken 50 that we might state to the
charitable company's trustees those matters we are required to state to them in an auditor's 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 trustees as a body. for our audit work, for
this report. or for the opinions we have formed.
Alison Buckley, Senior Statutory Auditor
For and on behalf of Mitchell Charlesworth (Audit) Limited
3rd Floor
44 Peter Street
Manchester
M2 5GP
Date.. 27 January 2026
Mitchell Charlesworth IAuditl Limited is eligible to act as auditor in terms of section 1212 of the Companies
Act 2006.
Page 12

Tutor Trust
Statement of Financial Activities for the Year Ended 31 August 2025
Ilncluding Income and Expenditure Account and Statement of Total Recognised Gains and
Losses)
Total
Yèar Ended 31
August 2025
Unrestrictèd
funds
Restrirted
funds
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
1,743,072
850,469
20,178
817,425
2,560.497
850,469
20,178
Total incorne
2,613,719
817,425
3,431,144
Expenditure on:
Raising funds
Charitable activities
176.7861
13,036,417)
13,113,203)
1499.4841
1499,4841
176.7861
13,663,470)
13,740,256)
1309.1121
1309,1121
1627,0531
1627,0531
190,372
Total expenditure
Net lexpenditurel/incorne
Net movement in funds
190,372
Reconclllatlon of funds
Total fund5 brought forward
1,492,171
135,853
1,628,024
Total funds carried forward
21
992,687
326,225
1,318,912
Total
Year Endèd 31
August 2024
Unrestricted
funds
Restricted
funds
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
Other income
1,810,303
1,462,956
21,934
840
386,619
2,196,922
1,462,956
21.934
840
Total income
3.296,033
386,619
3,682,652
Expendlture on:
Raising fund5
Charitable activities
138.8341
13,S57,4201
13,596,254)
1300,2211
1300,2211
138,8341
13,880,639)
13,919,473)
1236,8211
1236,8211
1323,2191
Total expenditure
Net lexpenditurel/income
Net movement in funds
1323,2191
63,400
63,400
Rèconciliation of funds
Total funds brought forward
Total funds carried forward
1,792,392
72,453
1,864,845
21
1,492,171
135,853
1,628,024
All of the Charity's income derives from continuing operations during the above two periods.
The notes on pages 16 to 28 form an integral part of these financial statements.
Page 13

Tutor Trust
(Registration number: 07771465)
Balance Sheet as at 31 August 2025
Note
31 Au8USt
2025
31 August
2024
Fixed assets
Intangible assets
Tangible assets
15
16
149,590
14,519
140,800
17,071
164,109
157,871
Currènt assets
Debtors
Cash at bank and in hand
17
18
329,742
1,110,113
431,787
1,281,689
1,439,855
1.713,476
Creditors.. Amounts falling due within one year
19
1285,0521
1243,3231
Net current assets
1,154,803
1.470,153
Net assets
1.318.912
1,628,024
Funds of the Charity:
Restricted funds
Unrestricted funds
21
326,225
992,687
135,853
1,492,171
Total funds
21
1,318,912
1.628,024
For the year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of
the Companies Art 2006 relating to small companies but as this company is a charity, it is subjert to audit
under the Charities Act 2011.
The members have not required the eompany to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act
2006 with respect to accounting records and for the preparation of accounts. These accounts have been
prepared in 3ccordance with the provision5 applicable to companies subjert to the small cornpanies regime.
The financial statements on pages 13 to 28 were approved by the Trustees, and authorised for issue on 27
January 2026 and signed on their behalf by..
P J Mclnty
Trustee
The note5 on page5 16 to 28 form an integral p3rt of these financial statements.
Page 14

Tutor Trust
Statement of Cash Flovts for the Year Ended 31 August 2025
Note
Year Ended 31
August 2025
Year Ended 31
August 2024
Cash flows from operatlng actlvltles
Net expenditure for the period
1309,1121
1236,8211
Adjustments for:
Amortisation
Depreciation
Investment income
L055 on the disP05al of fixed a55et5
Decrease in debtors
Increase in creditors
54,450
11,919
120,1781
27
101,853
41,729
36,547
16,923
121,9341
28,316
42,275
Net cash flows from operating activities
1119.3121
1134,6941
Cash flows from investing activities
Interest
Purchase of intangible fixed assets
Purchase of tangible fixed assets
20,370
163,2401
19,3941
23,506
1109.7641
18,4801
15
16
Net cash flows from investing activities
152,2641
194,7381
Net decrease in cash and cash equivalents
1171,5761
1229,4321
Cash and cash equivalents at I September
1,281,689
1,511,121
Cash and cash equivalents at 31 August
1,110.113
1,281.689
All of the cash flows are derived from continuing operations during the above two periods.
A net debt reconciliation has not been presented 3S the Charity does not h3ve 3ny debt.
The notes on page5 16 to 28 form an integral part of these financial statements.
Page 15

Tutor Trust
Notes to the Financial Statements forthe Year Ended 31 August 2025
Charity status
The Charity is limited by guarantee, incorporated in England and Wale5. 3nd consequently doe5 not have
share capital. Each of the Trustees is liable to contribute an amount not exceeding £10 towards the assets of
the Charity in the event of liquidation.
The address of its registered office is..
2. Floor Studio 10
10 Little Lever Street
Manchester
MI IHR
Accountrng policre5
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements ère set out below.
These policies have been consistently applied to all the years presented, unle55 Otherwise Stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191
Icharities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 and the Companies Act 2006.
Basls of preparatlon
Tutor Trust meets the definition of a public benefit entity under FRS 102. A55et5 and liabilitie5 are initially
recognised at historical cost or transartion value unless otherwise stated in the relevant accounting policv
notes. The financial statements are prepared in sterling, which is the functional currency of the Charity.
Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The Tru5tee5 consider that there are no material uncertainties about the Charity's ability to continue as
going concern nor are there any significant areas of uncertainty that affect the carrying value of assets held by
the Charity. In reaching this conclusion. the Trustees have considered the Charitws current level of
unrestrirted funds, the funding e(>mmitments already secured for 2025126 and 2026127. and the Chariws
2025-2028 strategy. Thus, the Trustees continue tts adopt the going concern basis of 8ceountin8 in preparing
the financial statements.
Accountin8 judgements
The Trustees have considered the employment status of the tutors and concluded that they are to be classed
as self-employed for both employment law Bnd tax purp05e5.
Income and endowments
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be
received and the amount of the income receivable can be measured reliably.
Donations und legocies
Donations are recognised when the Charity has been notified in writing of both the amount and settlement
date. In the event that a donation is subject to conditions that require a level of performance by the Charitv
before the Charity is entitled to the funds. the income is deferred and not recognised until either those
conditions are fully met, or the fulfilment of those condition5 15 wholly within the control of the Charity and it
is probable th3t these Conditions will be fulfilled in the reporting period.
Page 16

Tutor Trust
Notes to the Financial Statements forthe Year Ended 31 August 2025
Grants receivuble
Grants are recognised when the Charity has an entitlement to the funds and any conditions linked to the
grants have been met. Where performance eonditions ère attached to the grant ènd are yet to be met, the
income 15 recogni5ed as a liability and included on the balance sheet as deferred incorne to be released.
Charitoble ortivities
Income from charitable activities is school tutoring income and is recognised with the delivery of the service
and when the revenue can be reliably measured.
Investment income
Investment income is interest relating to bank deposits and is recognised when the interest is earned.
Expendlture
All expenditure is recognised once there 15 a legal or constructive obligation to that expenditure, it 15 probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed
to particular headings they have been allocated on a basis consistent with the use of resources, with central
staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the
asset's Use. Other 5UPPOrt costs are allocated based on the spread of staff cost5.
R¢7isinqAund5
Expenditure on raising funds includes all costs incurred by the Charity to raise funds for its charitable
purposes.
Charitable uctivitie5
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those
costs of an indirect nature necessary to support them.
Support Cg5ts
Support costs include central functions and are allocated to the activity to which they relate on a time basis.
Governunce costs
These include the costs attributable to the Charity's compliance with constitutional and statutory
requirement5, including audit, strategic management and Tru5tees' meetings and reimbursed expense5.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset
received or receivable. Grants are classified as relating either to revenue or assets. Grants relating to revenue
are recognised in income over the period in which the relèted costs are recognised. Grants relating to assets
are recogni5ed over the expected useful life of the asset. Where part of a grant relating to an asset is deferred,
it is recognised as deferred incorne.
Taxation
The Charity 15 considered to pa5S the test5 set out in Paragraph I, Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the
Charity 15 Potentially exempt from taxation in respect of income or capital gains received within categories
covered by Chapter 3 Part 11 of the 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.
Intangible fixed assets
Intangible fixed assets are initially recorded at cost.
Page 17

Tutor Trust
Notes to the Financial Statements forthe Year Ended 31 August 2025
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost or valuation over their expected
useful economic life as follows..
Asset class
Software
Amortisation method and rate
Straight-line basis over 3 years
Assets Under Construction are not am()rtised.
Tangible fixed assets
Tangible fixed assets are initially recorded at cost.
Depreclatlon
Depreciation is provided on tangible fixed a55et5 so a5 to write off the cost or v31uation, less any e5tirnated
residual value, over their expected useful economic life as follows..
Asset class
Computers and equipment
Depreciation method and rate
straight-line bèsis over 3 years
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trède debtors are recognised initially at the transèction price. They are subsequently measured èt amortised
tost using the effective interest rnethod, les5 provision f(>r impairment. A provision for the impairment of
trade debtors is established when there is objective evidence that the Charitable Company will not be able to
collect all amounts due according to the original terms of the receivables.
Cash and cash equlvalents
Cash and cash equivalent5 comprise cash on hand and call deposit5. and other 5hort-term highly liquid
investments that 3re readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Trade tredltors
Trade creditor5 are obligations to pay for goods or 5ervice5 that have been acquired in the ordinary course of
business from supplier5. Accounts payable are cla55ified a5 current liabilitie5 if the Charity does not have an
unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve
months after the reporting date, they are presented as non-current liabilities.
Tr3de creditors are recognised initially at the transaction price and subsequently measured at amort15ed cost
using the effective interest method.
Fund structure
Unrestricted incorne fund5 are general fund5 that are available for use at the Trustees, discretion in
furtherance of the objertives of the Charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of
which is restricted to that area or purpose.
Pensions and other post-rètirèment obligations
The Charity operates a defined contribution pension scheme which is a pension plan under which fixed
contributions are paid into a pension fund and the Charity has no legal or constructive obligation to pay
further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating
to employee service in the current and prior periods.
Page 18

Tutor Trust
Notes to the Financial Statements forthe Year Ended 31 August 2025
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when thev
are due. If contribution payments exceed the contribution due for service, the excess is recognised as a
prepayment.
Financial instruments
Classlylcatlon
Financial assets and finantial liabilities are recognised when the Chèrity becomes a party to the contrartu81
provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the Charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except
for those financial assets classified at fair value through profit or loss, which are initially measured at fair value
(which is normally the transactitsn price excluding transaction costs). unless the arrangement c()nstitutes a
financing transaction. If an arrangernent constitutes a financing transaction, the financial asset or financial
liability 15 rneasured at the present value of the future payment5 discounted at a market rate of interest for a
similar debt instrument.
Financial assets and liabilities are only offset in the Statement of Financial Posltion when. and only when,
there exists a legally enforceable right to set off the retognised amounts and the Charity intends either to
settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when, and only when, al the contractual rights to the cash flows from the
financial asset expire or are settled, bl the Charity transfers to another party substantially all of the risks and
rewards of ownership of the financial asset, or cl the Charity, despite having retained some. but not all,
significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised cinly when the obligation specified in the contract is discharged, cancelled
or expires.
Page 19

Tutor Trust
Notes to the Financial Statements forthe Year Ended 31 August 2025
Income from donations and legacies
Unrèstricted
funds
General
Total
Year Ended
31 Au8USt 202S
Restricted
funds
Donations and legacies..
Donations
Gift Aid
Grants, including capital grants..
Grants from other charities
683,227
2,845
42,525
725,752
2,845
1,057,000
774,900
1,831,900
1,743,072
817,425
2,560,497
Unrestricted
funds
General
Total
Year Ended
31 Au8USt 2024
Restricted
funds
Donations and legacies..
Donati(>ns
Gift Aid
Grants, including capital grants..
Grants from other charities
650,141
162
75,519
725,660
162
1,160,000
311,100
1,471,100
1.810,303
386,619
2,196,922
Income from charitable activities
Unrestricted
funds
General
Total
Year Ended
31 August 2025
School tutoring
850,469
850,469
UnrestrSrted
funds
General
Total
Year Ended
31 August 2024
School tutoring
1.462.956
1.462,956
Investment incomè
Unrestricted
funds
General
Total
Year Ended
31 August 2025
Interest on bank deposits
20,178
20,178
Unrestrirted
funds
General
Total
Year Ended
31 Au8USt 2024
Interest on b3nk deposit5
21,934
21,934
Page 20

Tutor Trust
Notes to the Financial Statements forthe Year Ended 31 August 2025
Other income
Unrestricted
funds
General
Total
Year Ended
31 Au8USt 202S
Gain on disposal of tangible fixed assets
Unrestrlrted
funds
General
Total
Year Endèd
31 Au8USt 2024
Gain on disposal of tangible fixed assets
840
840
Expenditure on raising fund5
Unrestrlrted
funds
General
Total
Year Ended
31 August 2025
Staff costs
76,786
76,786
Unrestricted
funds
General
Total
Year Ended
31 August 2024
Direct costs
Staff costs
788
38,046
788
38,046
38,834
38,834
Expenditure on charitable activitie5
Artivity
undertaken
directly
Activity
support
costs
Total
Year Ended
31 August 2025
School tutoring
2,159,810
1,503,660
3,663.470
Activity
undertaken
directly
Activitv
support
tosts
Total
Year Ended
31 August 2024
School tutoring
2,359,591
1,521,048
3,880,639
£3,036,41712024- £3,557,420) of the above expenditure was attributable to unrestrirted funds and £627,053
12024- £323,219> to restricted funds.
Page 21

Tutor Trust
Notes to the Financial Statements forthe Year Ended 31 August 2025
Analysis of governance and support costs
Support tosts allotated to tharitable attivitiès
Total
Year Ended
31 August 2025
Governance
Costs
Support
costs
Staff costs
Premises expenses
Office costs
Technology costs
Amortisation
Depreciation
Professional fees
Governance costs
1,021,871
112,274
74,968
140,598
54,450
11,919
71,032
1,021,871
112,274
74,968
140,598
54,450
11,919
71,032
16,548
16,548
16,548
1,487,112
1,503,660
Total
Year Ended
31 August 2024
Governantè
costs
Support
COSt5
Staff costs
Premises expenses
Office costs
Technology costs
Amortisation
Depreciation
Professional fees
Governance cost5
1,036,767
91,805
87,775
IS6,492
36,547
16,923
79,529
1,036,767
91,805
87,775
IS6,492
36,547
16.923
79,529
15,210
15,210
15,210
1,505,838
1,521,048
Governance costs
Unrestricted
funds
General
Total
Year Ended
31 August 2025
Audit fees
Audit of the financial statements
Other fees paid to auditors
Trustee expenses
12,000
3.402
1,146
12,000
3,402
1,146
16,548
16,548
Unrestricted
funds
General
Total
Year Ended
31 August 2024
Audit fees
Audit of the financi31 statements
Other fees paid to auditors
Trustee expenses
ii,ioo
3,733
377
ii,ioo
3,733
377
15,210
15,210
Page 22

Tutor Trust
Notes to the Financial Statements forthe Year Ended 31 August 2025
10 Net incominglloutgoingl resources
Net incoming/loutgoingl re50urce5 for the period include..
Year Ended
31 August 2025
Year Ended
31 August 2024
Audit fee5
Amortisation of intangible fixed assets
Depreciation of tangible fixed assets
Operating leases
12,000
54,450
11,919
46,427
ii,ioo
36,547
16,923
42,392
11 Trustees, remuneration and expenses
No Trustees, nor any persons connected with them. have received any remuneration or benefits from the
Charity during the current period or the previou5 period. Three Tru5tee5 have received reimbursed expense5
totalling £151 from the Charity during the current period12024- five Trustee5 received reirnbLJfsed expenses
totalling £3771. The reimbursed expenses cover travel costs and the costs of subscribing to the DBS Update
Service.
12 Staff costs
The aggregate payroll Costs were as follows..
Year Ended
31 August 2025
Year Ended
31 Au8USt 2024
Wage5 and salaries
Social security cost5
Pension costs
2,117,011
229,881
60,515
2.101.213
213.646
57,361
2,407,407
2,372.220
The monthly average number of persons lincluding the senior management team) employed by the Charitv
during the period was as follows..
Year Ended
31 August 2025
No
Year Ended
31 August 2024
No
Administration. governance and charitable activities
Head count
Administration. governance 3nd charitable activities
Full time equivalent
59
58
56
55
Page 23

Tutor Trust
Notes to the Financial Statements forthe Year Ended 31 August 2025
12 Staff costs Icontinuedl
The number of employees whose ernoluments fell within the following bands was..
Year Ended
31 August 2025
Number
Year Ended
31 August 2024
Number
£60,001- £70,000
£70,001- £80,000
£80,001- £90,000
£90,001- £100,000
£ioo,ooi - £iio,000
£110,001- £120,000
The total employee benefits of the key management personnel of the Charity were £210,03112024-
£196,454).
13 Auditor Fees
Year Ended
31 August 2025
Year Ended
31 August 2024
Audit of the financial statements
12,0
ii,ioo
Fees payable to the independent auditors for:
All other non-audit services
3,402
3,733
14 Taxation
The Charity is a registered charity and is therefore exempt from taxation on its charitable activities.
15 Intanglble flxed assets
A55ets Under
Construrtion
Software
Total
Cost
At I September 2024
Additions
262,996
6,000
63,240
268,996
63,240
At 31 August 2025
262.996
69,240
332,236
Amortisation
At I September 2024
Charge for the period
128,196
54,450
128,196
54,450
At 31 August 2025
182.646
182.646
Net book value
At 31 August 2025
80,350
69,240
149,590
At 31 August 2024
134,800
6,000
140,800
Page 24

Tutor Trust
Notes to the Financial Statements forthe Year Ended 31 August 2025
16 Tangible fixed assets
Computers
and equipment
Cost
At I September 2024
Addition5
Disposals
77,129
9,394
15861
At 31 August 2025
85,937
Depreciatlon
At I September 2024
Charge for the period
Disposals
60,058
11,919
15591
At 31 August 2025
71,418
Net book value
At 31 August 2025
14,519
At 31 August 2024
17,071
17 Debtors
31 August
2025
31 August
2024
Trade debtors
Prepayments and accrued income
177,199
152,543
252,109
179,678
329.742
431,787
18 Cash and cash equlvalents
31 August
2025
31 August
2024
Cash at bank and in hand
1,110.113
1,281,689
19 Creditors.. amounts fallin8 due within one year
31 August
2025
31 August
2024
Trade creditors
Other taxation and social security
Accrua15 and deferred income
18,782
70,594
195,676
21.720
60,448
161,155
285,052
243,323
Page 25

Tutor Trust
Notes to the Financial Statements forthe Year Ended 31 August 2025
20 Obligations under leases and hire purchase contracts
Opèrating lease tomrnitments
Total future minimum lease payments under non-cancellable operating lease5 are a5 follows..
31 August
2025
31 August
2024
Land and buildings
Within one year
24,492
25.808
Other
Between one and five year5
21 Funds
Balance at i
September 2024
Incomlng
resources
Resourtes
expended
Balance at 31
August 2025
Unrestrirted funds
General
General
1,492,171
2.613,719
13,113,203)
992.687
Restricted funds
Technology fund
The Headley Trust
The Education Endowment
Foundation
The Joyce Kathleen Stirrup
Charity Trust
The John Armitage
Charitable Trust
12+ fund
The University of Salford
The Jean & Hélène Peters
Fund managed by the King
Baudouin Foundation
PWC
104,048
86,900
80,000
93,000
157,3271
150,0001
1124.8051
133,621
30,000
31,805
41,025
141,0251
262,000
1124,0711
137,929
90,000
63,000
100,000
190,0001
138,3251
iioo,0001
24,675
1,500
11,5001
Total restricted funds
135,8S3
817,425
1627,0531
326,225
Total funds
1,628.024
3,431,144
13.740,2561
1,318,912
Page 26

Tutor Trust
Notes to the Financial Statements forthe Year Ended 31 August 2025
21 Funds Icontinuedl
Balante at I
September 2023
Incoming
resources
Rèsources
expended
Balance at 31
Au8U5t 2024
Unrestricted funds
Generol
General
1,792,392
3,296,033
13,596,254)
1,492,171
Restricted funds
Technology fund
The Right AnBle fund
The Headley Trust
HG Foundation
The Education Endowment
Foundation
The Joyce Kathleen Stirrup
Charity Trust
PWC
22,453
161,100
80,000
179,5051
180,0001
150,0001
130,0001
18,1951
104,048
50,000
30,000
40,000
31,805
70,869
170.8691
4,6SO
14,6501
Total restricted funds
72,453
386,619
1323,2191
135,853
Total funds
1,864,845
3.682,652
13,919,473)
1,628.024
The specific purposes for which the funds are to be applied are a5 follows..
Technology fund-To fund organisational and technology development to increase the number of children
benefiting from tuition.
The Headley Trust-To support the transition of pupils from primary school to secondary school in Salford
120241251 and Oldharn120251261.
The Education Endowment Foundation- To fund a programme of l..1 tutoring for GCSE math5 and English
resit students.
The Joyce Kathleen Stirrup Charity Trust- To fund the Charity's activities in the North West of England.
The J(>hn Armitage Charitable Trust- To fund work with children and young people in Hartlepool
12+ fund-To fund tutoring and therapeutic support for young people aged 12+
The Univer51ty of Salford -To fund a pilot programme to recruit and train Univer51ty of Salford student tutors
to support youn£ people from the local area to improve their attainment as well as enable the University of
Salford students to develop their confidence and career skills
The Jean & Hélène Peters Fund managed by the King Baudouin Foundation -To support the Tutor Trust to
maintain its growth and reach despite the end of the National Tutoring Progr8mme
PricewaterhouseCoopers- To fund the costs of the annual reception.
The Right Angle fund- To support The Right Angle projert (combined tuition and therapeutic support for
vulnerable pupils).
HG Foundation-To support a pilot of the Tutor Trust model to improve post-16 maths resits.
Page 27

Tutor Trust
Notes to the Financial Statements forthe Year Ended 31 August 2025
22 Analysis of net assets between funds
Unrèstricted
funds
General
Total funds at
31 August
2025
Restrirted
funds
Intangible fixed assets
Tangible fixed assets
Current assets
22.748
14,519
1,240,472
1285,0521
126.842
149.590
14,519
1,439,855
1285,0521
199,383
Total net assets
992,687
326,225
1,318,912
Unrestricted
funds
General
Total funds at
31 August
2024
Restricted
fund5
Intangible fixed assets
T8n8ible fixed assets
Current a55ets
53.418
17.071
1,665,005
1243,3231
87.382
140.800
17.071
1,713,476
1243,3231
48,471
Total net assets
1,492,171
135,853
1,628,024
23 Related party transactions
There were no related party transactions in the period or in the previous period.
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