REG￿ERED COMPANY NUMBER: 07852922 IEllgland and Wale8) REGISTERED CHAiifTY YUMBEIL. 1146171 REPORT OF THE TRusfEES Af4D 1]Tr4AiIDrtED FLYA24CIAL StATEMENrs FOR THE YEAR LYDED 31 MARCH 2025 FOR EDUCATION FirrLTRES TRusr AcuityProfe&8ional PartncrshÈp ILP Unit 2.02 High Weald How¢ Glovets F￿d Bexhill TN39 SES EDUCATJON FUTURES TRusr CO.YTEF•TS OF THF, FIPIAYCIAL sTATE￿£￿[s FOR THE YEAR ENDED 31 ￿tARCH 2Q25 P4ge Referellce and AdmlDfstrgtlYe Det*i]J Report of tbe Trustees Indepelldertt Examiner's Report Statement of Flnauclal AcliTritie8 StAtement of FluanciAI Positlon Statement of nowi io Trlotes to tlje StateMe￿t of Ca$h otes to the Mnallcial Stste¥Dents l2 ttTr 18 Detsmed stAtery￿￿t ￿ FinaDe1xiActl￿tIes 19 ttTr 20 EDUCATIO.Y FUTURES TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR EIYDED 31 MARCH 2025 TRUSTEES Mrs A_M Baine Mrs H M Brooksbaw L￿1 Govattment Offi¢er C S Galbraith BusiTh¢ssn￿ {resi8Thed 31n12025) S G Hubbard S J Nlanwaring Miss A M Regj AsststaTLt Head I¢￿h£r A J Waterhou%e (re6ignoa 131612024) J D H(ykiDS Sports Developnlent Manager (resigned 261912024) BEGISThRED OFFICE The Firs Elptllnstotje Ro&d Ea￿ Sussex TN34 2AX REGISTERED COMPATrIY NUMBER 07852922 (England Wales) 1146171 INDEPENDENf EXAMINER AcuityProfessionai P#rtheTship LLP Unit 2.02 High Weald Ho￿ge Glovers End Bcxhill TN39 SOLIcTfoRS Titll Baines Michelle Prowse SuTillder Atkar Mayff BTOThfft Internati(wl tip 201 Bishopsgate l￿dOn ADVISERS The CIHwative Bank PO Box 101 l Bolton Street Mon¢he5ter M60 4EP Jubilee H(x Gosf¢ New¢asLle w Tyrye NE3 4PL Page I EDUCATION FirruRES TRUST REPORT OF THE TRUSTEES FOR THE ITAR EliDED 313IARCH 21125 The trustees who are also dIre￿OrS of the cbarity for the purpl￿ of th¢ Comp&nies A¢t 21)06, pr¢sent th¢iT report with the financi81 statements of the cbaTity tb¢ year end￿ 31 March 2025. The trngte¢s have adopted th6 provisieillg and with their co]nmunily. In addition, the Ch&rity continued to make use of the Comuuity Learning CaLtr¢ (ff)mi6rly West St Le￿ardS Children's Centre) on Bexhiil Road. This vellue provided esselltial Space for Ollgoillg projects. including the early years Comi¢ Relief l M&8onic Foundation programme. Page 2 EDUCATIOli FLTURES TRUST REPORI. OTr"L'fflk 'fRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIETrTMENTS AIID PERFORMAN( Charitable aetlillle5 Finv4Deial Overview 202￿2025. I￿VestIng in Impact gnd IA)ng-Tenll Sustai￿bIlIty During the rEn￿cIal year 2￿2￿￿2025, the Charity repcffted a planned deficit of just Iwer £200,000. This shortfall refi￿15 a strat¢gic decision io draw on reservcs to Sustai￿ alld expand e&8ential Servi￿ at a t]￿e of ￿￿lfirallt attd growin8 need withiti our conxwwLitie8. R¢co8nisin8 the ongoillg social alld ecOn￿L¢ Chall￿geS facing mally of our Eenefici￿le& parti¢ularly iu the wake of the pandemic alld C£￿t-of-[l￿1llS pressur&s, we chose to pri(filise froDtline delivery and cornlltunity4ased prO￿aMm¢S. This iticluded investing in expanded ¢du¢ation (NMd(K)r learnin& and famity engagement initiatives that have shown demonstrable impact. Th¢ deficit W&8 largely the result of Increas￿ prO￿l￿e delivery. risillg opBtation81 costs, and a del&y in sorn¢ restri¢trAI incotne streatns, all of wbich were caxefjlly mollitor￿ and rn&naged. Throughout th¢ )¢ar, the Charity m&intsitied strong filw¢A￿ controls and continued to meet its (tsligation5 without comprollJisiD8 the quality or reach of its s¢rvi¢¢s. Importantly. the Charity the 5¢ar with b¢a]thy unrc8tricte41 res￿ allowing us to reswllsibly absorb this year's plann¢d ov¢rspend. We remain finall￿allY resilieot and are confident ill our forward strategy> which includes securing t]ew multi-￿[ funding partn¢rships. 8rowitig ￿rned income Str¢￿S. a￿d carefjlllymanagirtg c4>sts. IAK)king ahead, we are Ewused r¢tUrniD8 to a IMlaDcfd the medium ter￿ while a)ntinuing to meet our charitable objei*ive& The d￿lS1￿ to inv¢5t in 202¥2025 positioll￿ th¢ Clwity kn increase its i￿pa£t. deepen ¢ornmvnity reLaÈionsbips. and strengthen its long-1￿1 sustainabthty. Perform&nee Actlvltles We've engaged l?50 be(Lefi¢1￿1cS during 2024125. Key delivayareas include: Commwilty-Based [￿arnIng and We]Ibeing Worksh We continued to deliver our outdwr 1&2rning progtalljrnes aimed at SUPPLYting vulnerable adult4 helping to reduce isolation and loneline￿ wfrkile building sk￿5 acr¢￿ a diverse range of activitiek These included ciwJ5¢rVati0￿ DIY, ery, barisla tr&xning. florisL and familylearning. Keyworker and One4rf>ne Swipfjrt with I￿￿1 Sehools Our alternative prowsion offer h&$ expanded this pr, pr(Jviding tsiiored sup1￿ for thijdren and young pe￿Ie face ¢hallenge5 ill [￿aInstrea￿ ethlcation. (kn focus h&s F£en on enu)uraging healthi￿ lif&style choices and essing the ongoing imp&ci of the pandemi¢. Wo have maint&itieAS iitttacy and speech and language wpport in priniary 8¢bools to aid children's personal and anots.onal deYelopmenL Forest School Th6s¢ se&%ion8 f(xuscd on ¢(￿ne￿Ing participants with nature through bHnds-oll leJThiDg alM>ut illse¢ts, birds, trees. ¢c¥)l use, and wo(diand.wkde gat[L￿. Eath st￿10￿ was desigtted to nurture a love of the natural environment whil¢ dcyeloping key soft 8kn.lls such &s c(mfidenc4 ci)tnmunicotiiKL ws{M￿l risk &ss&sstDell¢ and re5iEi¢ncr. Holldays, Activities and Food (HAF) Progrnnhme Thiougboiit the reporting petiod, we delivered HAF activKti&% duTing school holidays - BasEer aDd Sutnmer. The Charity conti￿Ued to offer thyee ￿re strarLd8 of provision". Spotts, Forest Schwl, &nd Arts and Crafti. Drawing on fecdback from previous years, we refitted ¢)w appro&cb and ituproyryj Trxib delivery and w]nrnunicatiOD Ivitb participaots. Poge 3 EDUCATION FUTURLS TRUST REPORT OF THE TRUSTEES FOR THE YEAR EfiDED JI MARCH 2025 Support for Famllles with ChildT¢n Uthder S Our family support work focused on isolate& anxious, and low-incotne families with children und¢r the age of fiY£ - particularly tha%e facing barriers to earl> childhiKxL development. Tbe aim to cnhancc childrell's developmental outcome8 and emotional.wellbein8 tbroJgTrL siwL Volunteer$ OUT dedicatryj and enthusiastic volunteers have in8ttumeolal in deliverillg a wide range of service5. Their contributions included 8ardenill& conservation prOJ￿ts, and support ftt adult learning progra￿￿￿8 as well as HAF. Achlevenwuts W¢'r¢proud of the impact we make. Duriug 2024125 we: - Engaged with over 1,350 i￿¢ficiar1eS - Supported 764 childr¢u and Jvuttg p￿le ill positive, diversiollary activities - Supported 586 adults throug& well4ting and Co[[￿U[￿ty leamillg initiaiivffj resulting in inueased confidence and personal gri)wtli. - Worked with 54 faMll1￿ to overcome si8Dificattt eballeng¢ in their lives - Secured over £425k new ¢harity funds - Rectuited 20 Yolunteers onto charityproiKts. Fundr8lslng aCti￿tieS During the year, the Charity applied for and acqutred resournw from a rdnge of sowtts to continu¢ its work. W¢ would like to thank our fi￿d¢[S for their support oveT the )rar. F￿dIllg has been TK¢iTred from: -C(Mnic Relitf.. Building Foundations Tog¢ther (C￿lyyearS) -ESCC FaTnily Learning (year 3 of th¢ 3-y¢ar contract) -ESCC Holiday and Acti%itv Fund: Holiday AdiF*itiys {E&8kr and Su￿￿eT} -Publi¢ Health.. AspiratioDS project -FSCC Multiply.. DU￿er8￿ adults -ESTAK. B¢8ts in Mind -Magdalen and I&shw.' Talking in the Tipi and FoTt¥t Sch￿] -NHS Susscx.. Health and Well-being Hub and Harmonies fot Health programme. -Heads On: Inve5Lors in Volunteers. -southern Housing: RISE projecl. -chalk Cliff Tr￿t.. AdTrxnced WithC￿ w￿18 -fvlasoni¢: Early Ye8rs -sussex Police Crime ComtniS8ioner'. L.E.F.T Field -ESCC.. Skills Capitsl Fund Tbe CTr￿1ty received beLefit ihr¢yJgh PTth)no siipport or d0tthti(￿ts of g(Kth from.. -catherine CLMknn Trust -Fwion Qroun(bcap&8 Soluti(MLS -The B and L L￿ch Family Tr￿St -sierra Ford Trust -JD Ftsuttdatio The B a￿d L Leach Famity Trust and Sietta FLKd Tn￿1 have made d(￿atiOnS to supp(*t the core costs of tbE Charity. At a time when funding is becorning increasingly tight foll0F￿8 the palldemic. these donations b&ve rnade a difference to the Charitys abilityto delÈver the core s￿ViCes. Page4 EDUCATIOL4 FtrruRES TRUST RF.PORT OF THE TRLISTEES FOR THE YEAR ENDED 31 MARCH 2025 iLCTURE, COVERNANCE AND MAI4AGEMELYr GoverniDg dI￿￿￿ent Th¢ charity IS Controlled by its governing d￿￿m¢￿E a dee4J of tr￿lL and WDstitut¢s a limited rA)mpany* limited by guarantee, as defined bythe C4)mpanies Art 211)6. The CILarity is controlled by its governing docum¢llL a deed of tru54 and ￿￿tItUteS & ItmÉted Company. limited by guarantee. a8 defined by th¢ Companies Act 2006. The Charity is f4 llot-for profit company with charitable status. The nmoranthmn of arti¢l¢s provid&4 the strucbre and underpins all work undertaken bythe Cbarity. Organlsatlolla] St￿￿t￿re The B¢Mrd of TrnSte￿ r[￿ets on a ￿onthlY basis. Agendas &re approved by the Chair of tbe Board alld papers are issued to trnstees the week prior to ttLe mtctillg. D￿lS)(￿S made by ibe TTUStees proi4de strategic Ste￿ aryd direction, ith the authority deleg4ted to th¢ Cbi¢f EX￿￿tive and i)thtt st2ff mernlxrs clarified in th¢ Delegat￿ Powers Policy. Indu¢tlon gnd tr8iDing of new trustees Induction process¢s are in plR¢e fir new tr￿St￿$. who are gpp)int&l ID Line with the AppoititnLent of TnLSte¢8 Policy which 1$ avaitable upon re4l￿t. All trusttts undertake cnhonced DBS checks. Staff During the reporting period th¢ Charity enlployed 26 acrw the yEar* 811 of wbom held enhanced DBS chedts, alld the services of 20 regular volunteers. At the end of the peri(xl of reporting. the TThst etDplo￿I 8 full-tinle 5tsffmBmiws. PARTNERSHtps The Chief EX￿￿tiVe Continued to repr&sent the Trust acrass e8(ablisbed 8tIategi¢ networks, refjectitig the Tn￿t'S ommitm¢Dt to e0112F￿)ratlve workitiE. Engagement with 5chix>ls remains central to the Trust's mission aDd charitable objectlves. Building strong relati<>nship5 with partners and organisatiotts also plays a crucial role in meeting the ecds of residenis and ensuring effe¢Éive SUPE￿[ As available. To support this. the ChiefExecutive Iegularly att¢nds loc&1 and county meetings to strengthen expand partn&¥ship efforts. This year, rq)resentatilXL Continued wi¢h th¢ Skills 8lld Learnitig in the Community charity, Hastings Con]muDity Network Executive alhd the Adult Sknlls NetwirK nurturiD8 collabxatioll with othcr &dult education providers and enhancing tbe l(Kal aduli learning off¢r. The Cbarity also maintained an active presence at IIKtl events and c0llfer¢nc￿, usit)g these opp(tsties to raise irs profil¢ and adV￿ate fw Ixttrr outcomes for children, families, aThd vulnerable adults. Approvedby ￿der of the E￿rd of ttwtees on ......... . and Signed on its beh￿r by. Mr5A Bailles- Trustee Page 5 Ir4D￿P￿TIDE￿f EXAh(LWi'S REPORT TO THE TRLsfEES OF EDUCATION FUTURES TRUST Independettt examlner's report to Ibe trwstee5 of Education FutTm Trwt ethe Comp4uy') I report to the charitv trugtees on examillalion of the ac£ounts of the Cornpally for the year ended 31 Mar¢h 2025. Re5pon$ibi]itie8 and basi5 ofreport As the ¢haritys tru5rt5 of the Company (and al80 its direetors for the purp)ses of company law} you are reBpollsible for the preparation of the accoutsts in acwrdance with the requiranents of the Companies Act 2(K>6 ('the 2006 Act,). Having satisfied M)￿lf ihat th¢ awunts of the C¢)rnp8ny are not r&]uired to ￿ audited under Part 16 of the 2(M)6 Aci and are eligible for independent exatllitiation, I re￿ in rwect of nry examinatiorl of y￿r eharitys accounts as carried out ￿der s￿l0n 145 of th¢ Charities Act 2011 Cthe 2011 Ad'}. In carrying (sut ]ny exathiTht4tion I have followed the Directions given.by the CtrLariryC(xntni￿oll utth kntiott 145(5) (b) of the 2011 ACL tnd¢peDdent exA]nlLer'$ StateM￿nt Since your ch￿1￿$ gro&s inwne exceeded £250,01￿ Iw examiner must be a member of a listed I￿y. I can confirni that l aD quaLified to undertake the examythation FKcause I #m a of the Jnstitrjte of Chartered Acc4Juntants i England and Wales, which is one of the listoj t￿les. I have eomplded my examination. I confirm that no matters haye come to my attention in Connection with the examination ￿Vill8 me rdu¥e to beliey aceowitin8 recor(Ls were not kept in rwt of the Cornpany as required by S￿ti￿ 386 of the 2006 Act; or the accounts do not accotd with those records" or the aNouDts do not cO￿PIY the acciwnting requIr￿ts of Sedion 396 of the 2006 Art other thall any requirement that the accounts give a true and fair view MILich is not a ll￿tter considued as part of an itidwendent cxaminatiorl ( the accoullts h&ve not bc¢n prqmred in 8cc(rd8nce with the m¢th(xJs alld winciplts of the SlatEtne]Lt of ReCom￿endEd Practice for accouThting and re[￿tIng by charities (appli(xble to chariti&s preparing their accouThts in &C￿rd￿¢¢ the Fitlanciai liqKrtllLg Stsndard appli¢abl¢ in the UK and Republic of trelattd (FRS 102)). I have no ctKAcerns and bave Collke acro&s tto other matters in IX>nneCti￿ with the examinatton to which attention Should be drawn in this report in order to 6nablE a proper under8t8nding of the accounts to be reached. Deb(K&h Har￿tay¢S AcuityProf¢5S1t￿al Partnerthip LLP LTnit 2.02 High Weald House Glovers End Bexhill TN39 SES Page 6 EDUCATION FUTURES TRUST STATEMELYT OF FlTriANCIAL ACTtvrriFS FOR THE YEAR ENDED 31 IWCH 2025 21125 Total 2024 Total Unrestrieted Restricted fuDd Note8 INCOME AND ENDOWMEf*TS FROM Don8tion5 attd legaGi¢s 311J27 30,827 25,897 Charftgble actiidtles Op¢ration of charitsble s¢rvi 341W6 361,886 974,050 Otber tr&ding activities Investment income 21,447 12.798 21,447 12,798 18,202 14,205 Totil 411A958 20,000 426,958 l.032,354 EXPEIYDrruRE ON Raising funds 468 6.888 Choritable Xetivities Operation of charitabl¢ seryiccs 662,879 817,183 Total 663J67 5,980 669,347 824,071 NET INCOMEI(EXTENDrfuRE) (25W) 11020 (242,389) 208,283 RECONCILL&TION OF FUNDS Tothl fimd8 broU￿t forwdrd 1348516 1,248A16 1.040,233 TOTAL FUNDS CARRIED FORWARD 992,107 14,010 I,IKI6,127 1,248,516 The llot￿ forni part of th¢s¢ financiat statements Pa8¢ 7 EDUCATION F(fTURES TRUST STATEMEFff OV FINANCIAL posrrioN 31 MARCH 2025 21125 Tolal funds 2024 Total Ujjrestricted Restricted Iwid FIXED A&SETS T&ngibEe assets 6411,818 640018 653.078 CURRENT ASSETS Debtors Cash at bank 4A198 46,198 354,620 79,471 568,597 14,020 386,798 A4,020 400,818 648,068 CREDrroRS Amounts falling due within one year io {35J09) (3S,509) (52,630} r4ET CURRENT ASSETS 3SIJ89 140211 365,309 595,438 TOTAL ASSETS LESS CURRENT LL4BILITIES 992,J07 14020 I,(Kl&127 1248,Sl6 Tr4ET ASSETS 992,1117 14,020 I,(rt)fj127 1,248,5l6 FUNDS Unresiri¢ted funds Restricted funds 992,107 14,020 1.248,516 TOTAL FUTr4DS 1,006,127 1,248,516 The charit&ble company is ¢ntitled to exemptith audit under Stttion 477 of the CompaniG8 Act 2006 for the y ended 31 March 2025. The member5 ha￿ not rwired the company to obtain audit uf its financial statements for the year ellded 31 March 2025 itt ￿ttdanCe with Seclion 476 of th¢ CO￿PH￿l¢S Art 21M>6. The trustees ackttowledge their r&8p)nsibilities for (a) enwring that the charitsble c(mJpany ke4)s acwmling records that comply with Se¢tiotJs 386 and 387 of the co￿panieS Act 2006 and (b) preparing financial ststements give a tr￿e fair view of the slate of affair8 of the charitable compgny &% at the end of eacb finaLGial yw and of its Surp1￿ or deficit for each fmancial w in accordaTh¢¢ with the requir¢raents of SectiOD5 394 aDd 395 and ￿E1ch othtTh¥ise comply the requirements of the Companies A¢t 2(M)6 rebting to fillanciai s￿l￿ents. 80 faT applicable ￿the cbaritable c4)mpany. The notes forni part of these finan¢ial stat¢m¢nts Page 8 ¢ontinueiL.. EDUCATION F[￿UREs TRUST ST ATEMENT OF FifiANCIAL POSITIOli- continued 31 fvtARCII 2025 The8¢ financial statements have been prepared in acc(ffdan¢e with the provisi￿$ applict4ble to chariiable companies subject tothe sm&ll (xxnpanies ￿1￿¢. nancial tetJJen V4er¢ approved by the PA)ard of Truslees and authorised for iswe and sigll￿ on its F*balfty. e6- Tn]si¢e SGHubb The notss forni part of these finoncial statenlents Pag¢ 9 DUCATIOli FUTURES TRu%r STATEMENT OF CASII FI.OWS FOR THE YEAR Ef4DED 31 MARCH 21125 2025 2024 Cash flows from operatlng activitie4 Cash g¢nerafyl froEn opctations 87A92) 98,793 Net cash (US￿ inypTovided by op¢ratiThg activiti&4 (187.492) 98,793 Cash flows from love$tiDg gctivltlej Purchase of tatJgibl¢ fixed useL8 (26,485) (227.419) Net Cash used in investing actiiiti (26,485) (227,419) Change In cash cash equlvaients Ill th¢ r¢portiDg perl( CHsh and eash equivalents at the eglnnlng of the r¢portiDg period (213,9771 (128,626) 568.Y)7 697,223 Cfftsh ind eash equivalents at the end of the reportlttg period 354,620 568,597 The notes fonnp8rt of financial statejnents Page 10 EDUCAIION FtrTURES TRUST NOTES TO THE sfATEMETrqT OF CASU FLOWS FOR THE YEAR ENI)ED 31 MARCH 2025 RECONCILL4TION OF NET (EXPEiYDrrt)REy[NCON￿ TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net (expendlture)Ilncome for the Teporthg period {￿ per the Statement of Fly￿￿¢1￿1 ActI￿ties) AdjUst￿ellts for: Depreciation charges D￿r￿e in debtor5 DKrease ill creditors (242J89) 208,283 38,745 33273 (17,121) 33.700 51.676 (194.866) Net lu8ed Illyprn￿ded by oper47tlons {187,492) 98,793 ANALYSIS OF CHANGES DI NET FU.YDS At 1.4.24 Casb flow A¢ 31.3.25 Net cash Cash atbauk S6&597 (213,971) 354,620 56&597 (213,977) 354,620 Totsl 568,597 (213,977) 354,620 The note8 fonn pan of theje fiDaDcial statements Pageii EDUCATION FUTURES TRUST NOTES TO THE FEYANCIAL STATEMEI%TS FOR TIIE TrTAR F,NDED 31 MARCH 2025 ACCOLffflNG POLICIES BASIS OF PREPARTh"G THE ￿NANCIAL STATE*￿Ts The fiDan¢ial sratements of the chariiable compony, Mthith is a public Etnefit entity under FRS 102, have been prepared in aGr￿dancE ThitEL the CIMriti¢s SORP (FRS 102) 'Acco￿ting and Repcrting by Chariti¢s'. StatemEDt of RecO￿￿ended Practice applicable lo charities prepaJitsg their acwmts in accordancE With the Fillanciai Reporting Standard appliLible in tILe UK and Republic of Ireland IFRS 1021 (effe¢tive l January 2019}', Fioancial Reporting StattdaTd 102 The Fitiaticial Rep(nillg Stauoard applicable in the UK and Republic of Ireland, and th¢ Cowallie8 Art 2￿16. The finallciai Statett￿tY have been prepared under the historical cost eonvention. COME All in¢ome is tecognised in the Statement of Financi41 knivities once the cbarity h&s entitlement to the finds. it ts pIobable that the illcome will be re￿iVed at)d thc &rnount ran be mrAsured reliably. LXPE?4DITUR Liabilities are rewgllised &s expendi1￿re &8 as th￿e i5 a legal or CODStructive (*)ligation cornmittirlg the eI￿lty to that expenditure, it is pmbablv that a trdDsf¢r of ttono]ni¢ benefirs will be required in settlement and the amount of the obligation can lje mea$￿ed reliably. Expendittre is account￿ for oll aecrudls basi5 alld has beell Cla￿lfied und¢r headirlgs that aggregate all cost related to the category. Wierc costs Caj￿￿0t be diredly attributed to particular headings they have beell All￿￿ted to acti￿tieS on a b&sis consistent witb the us¢ of resouTCCS. .TANGIBLE FIXED ASSETS Deprectatioll is provided at the foUov/in8 allllual rat¢5 iti to writ¢ off eadL a5Kt.over its £%t]￿￿ted usefid Plant aod ma¢hiDer Computer equipment 20Yo OD reducAll8 Iwlance 330/0 on cost TAXATIOE4 The charity is exempt from ciKporation tsx its clwitable activities. FUND ACCOLh7lNG Unrestricted funds be ll￿1 in acwrd4orK with the charitable objectiv&% at the dis¢retion of th¢ tnLSte¢s. Re6trictsd fi￿{ts Can onty be US￿ for particular r£stricteA pulp￿ within th¢ objects of th¢ Charity. Re6trictiot]s artse specified by the donor ¢x s￿id$ are Taised for particular restrirted purposes. Further Explanation of the natt￿¢ and pUTp￿t of each fund is included in the notes to the financi*l statements. PENS10Tr4 COSTS AND OTHER POST-RETtREhfEhry BKF*EFrrs Tbe charitable COmPaDy OFeTate5 a defined ￿ltribull￿n pension s¢hNne. Contributions payable to the charitable compatLY8 pension 5cherne are charged to the Statallent of Financial ACti￿tieS in the peri(xi to which they r¢lat¢. Page 12 ¢QDliAue41.. EDUCATION Fifn)￿ TRUST NO'I'ES TO THI FIYANCIAL STATEMKN7S- contittued FOR THE Y£AR ENDED 31 MARCH 2025 OTHER TRADThG AcnV￿1￿s 202S 2024 Fundraising events 21A47 18,202 2025 2024 D￿OSit acco￿1 int¢re5t 12,798 14,205 NET LYCOMEI(EXPENDrruRE) Net incomeJlexpenditrJre) is stated after chargin￿(U￿1ting). 21125 2024 D¢pr¢ei8tion . owned Hire ofplaDt and ￿￿illery 38,745 8,293 33,700 7,222 TRUSTEES, REMUNERATION Ai%1> BENEFITS There were no tn]stecs' rejnuneratioll or othtt benefits the ￿ entsj 31 M8rth 2025 nor fi)r the year ended 31 March 2024. TRUSTEES, EXPENSES There were no tn￿e￿, ¢xpBDses paid f￿ the ￿Par eude4J 31 Marth 2025 nijr for the )Ear ended 31 Mar¢h 2024. STAFF 2025 2024 Wages and ￿arleS Social security costs Other ptnsion Ea%ts 461503 34,698 IS323 459,092 29.657 17.504 SI2￿24 506,253 The average th￿thlY number of emplo)Tes during the star was ￿ foltows.. 2025 2024 30 18 Emplo)res Regular Volunteers 46 No employees receiveAJ emolum¢Dts in exc￿ of £60.IyX). PagE 13 ¢A)tinued.. EDUCATION FL TURES TRUST NOTES TO THE FIPIANCIAL STATEMEYTS- cfflitinued FOR THE YEAR ELYDED 31 MARCH 2025 STAFF - £ODtinued During the rq)orting perityl the Charity wployed 26 staff acrLk$5 thc )rw. all of whom held enhan¢ed DBS checks, and used tlLe servi￿S of 20 regular volunteers. At the end ofthe prti￿1 of reporting. the T￿￿t ￿￿10Y¥l 8 fid141￿e st&ff meth5. COMPARATIVLS FOR THE STATEMEPtr OF FINANCIAL AcfIviTIES UDre$trict¢d fulld coTrtE AND ENDOWMELYTS FROM Donations and lega¢ie 25,8 Ch*rlt4ble 8¢th4tle% Operation of charitable s¢rvices 974,050 Oth¢r traditig activities Investment iticome 18,202 14,205 Tot21 1,032,354 EXPENDTfLTRE ON Raising funds 6,888 Charltable aCti￿tIeS Operation of charitable servi 817.183 T(rtg1 824,071 NET ThCOME 208,283 REcof*aLIATION OF Fuf4DS Total funds broughi 1,040,233 TOTAL FUNDS CARRtED FORIVARD 1,248,516 Page 14 EDUCATION FirruRES TRUST NOTFS TO THE FINANCIAL STATEMENfs- ￿thilled FOR THE YEAR Lf*DED 31 MARCH 2025 TANCIBLE FIXED ASSETS Improvements Plant and nuehloery Compottr equlpmetht property TotAI8 C￿t At l April 2024 Additions 7113,459 22,093 4,091 3.179 4J92 710,729 26,485 At 31 Mar¢h 21)25 725J52 4,091 7,571 737,214 Depr¢ti8tlon At l April 2024 Charge for year 54.181 35,723 1,473 $24 1.997 1498 57,651 3&745 At 31 March 2025 1,997 4,495 96,396 et book value At 31 Marth 2025 63S648 2,094 3,076 640,818 Ai 31 MaT¢h 2024 649.278 2.618 1,182 653,078 DEBTORS: AMOiYNTS FALILYG DUE wrrHIN ONE YEAR . 2025 2024 Trade debtors Other debtors Prtpa>Trents and acUU￿1 inc¢)]n¢ 24J23 439 21,436 49.456 439 29.576 4￿198 79,471 10. CREDITORS: LMOUNTS FAILING DUE wrrHll¥ 0Tr4E YEAR 2025 2024 Trade creditors Social securiry and other taxes P¢nsion control Other Creditors alld defared itLeome 92(11 0.646 ioi 10206 9J55 5,754 6,555 10,760 29.561 35509 52,630 Page 15 continuei.. EDUCATION FtrruRES TRUST NOTXS TO THE FIN￿l'cIAL ￿ATF.mW.￿ryS- continved FOR THE YEAR ENDED 31 TrIARCH 21125 ii. MOVEMENf ITr4 EuTr4￿S Net bnovement fin funds At 31.3.25 At IA24 Ultrestrlcted fvnds General fund 124&516 {25fi409) 992,107 Regtrleted fi￿d5 Ma50Di¢ Charitable Fund 14020 14,1120 TOTAL FUYDS 1248,516 (242J89) 1,006,127 Net movement in fimds, included in the alme are as follows: IDcomkng re$ourees Rtsources txpended MoverneDt In funds Unrestricted fun General 6Jnd (663J671 {256,409) Restrictsd fulld$ M&solli¢ Charitable Fund {5,980) 14,020 TOTAL FUL¥DS 426958 (669,347) (242J89) Compgratlves for movement in fund$ Net nJovement ID funds At 31J.24 At 1.4.23 Unre9tr1ctsd funds General fund 1,040233 208,283 1248,516 TOTAL FUNDS 1,040,233 208,283 1248.516 Page 16 contitsued... EDUCATION FtrrLTrES TRUST NOTES TO THE Fll%LYCLIL STATEMETriTS- eontlnwl FOR THE YEAR EF4DED 31 MARCH 2025 11. MOVEMETriT IN FUTr4DS- eorttinued Conwarative net movement in fond8, itidudaj in the atove are ￿ foll¢)w8'. Incoming resourees Resourcey e3pended Movement In fuDds UnTestri¢ted fundg Gen¢ral fiwd 1,032.354 (824,071) 208283 TOTAL FUNDS 1.032,354 (824,071) 208.283 A cuttent year 12 mothtbs aT]d prior year 12 mothths coD]bined PLY6]ti￿ is Ls follows: Net movement in fund5 At 31J25 At A.423 Ullrestricted I￿d$ General fwid 1,040.233 (48,126) 992,107 Restrieted fvnds Vl&sonic CbaritsblE Fund 14,020 14,020 TOTAL FLTNlkS 1.040,233 (34,106) 1,1)06.127 A Gurrent year 12 months and prior year 12 months c(Knbined net movemalt in futtd& in¢luded in the aix)ve are as follows.. Rtsovrces expeDded M0ven￿nt iti fund5 resources Ullre$lricted fuDds Gettttal fiu)d .439,312 (1,487.438) (48.126) Restricted Iunds Mdsotjic Charitable Fund 20.000 (5.980) 14,020 TOTAL FU.YDS 1,459.312 (I,493,418) {34,106) Page l7 )ntinued... DUCATION FUTURES TRUST NOTES TO TIIE FETr4ANCIAL %fATF.MEYfs- ¢oDtinued FOR THE ITAR ENDED 31 MARCH 2025 12. REL4TED PARTY DISCLOSURES Steve Mattthwing (Trustee) is th¢ CEO of H&qtin8s Voluttt8ry Aetion an infr&strncture organisation whicb ha8 supported the CELarity since its inttp(ion. Clive Galbraith is & Trustee at The Magdalen & Las￿￿ ChaTiry. tOTthom EFf make bids foT grants. All trustees ar¢ r¢qUIr￿ to declare anyilltcr¢5È at tht iw'nning of any tn]stee meAingB, along Mith abstsining from ally decision Ielating to th¢ or8gni5ations to which they are linke IJ. PENSIONS Over the )rar> Education Fllttwe8 a)ntributed to a Defetted Cottribution Scheme with the People's P¢osioll Fund for a toral of 30 sts Page18 >UCATION KirruRES TRUST DETAILED STATEMENf OF FINAE*CIAL AcfivTfiES FOR T1￿ YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND LYDOWMEEqrs Donarfons and leg*des Don81iOIIS 30I27 25,897 Other trAdlDg aCti￿lIeS Fundraising events 21.447 18,202 Investment Sncome D¢w)sit acwunt int¢r¢st 12,798 14,205 Charitable activities Services iT1voic￿l Ilranls Other income 79J07 119,979 162,600 161,406 736,526 76.118 36l,$86 974.050 Totsl incoming resources 426,958 1.032.354 EXPENDITURE Other trading aetivltie$ Cafr Pur¢h&ses Bad debts 5,868 600 6,888 6.468 6,888 Charitable •eUvitl¢s Wagcs Social security PeDsion Staff training & welfare OffJ¢e runttin8 cc&ts 462,503 3{698 ISJ?3 8,293 6112 9.194 7,145 2,953 12.459 3A82 1,315 980 1,676 9.067 575,690 459,092 29,657 17.504 7,222 76,430 Light ￿d￿e4t Water and rates CIEanillg & Waste co]]ection tnsuran¢¢8 Hire of equipment Telephone Post and ststionery REpair5 alld renewa]B CaryL￿ fonvard 589,905 This pag¢ d(Ks not form part of the statutory financial ststements Pwg¢ 19 EDUCATION FtrruRES TRusr DETAILED STATF.MENT OF M￿NcIAL AcmTr FOR THE YEAR klWED 31 MARCH 2025 2025 2024 Charltable activities Brought forward Advertising Corllput¢r expenses Establisbm¢nt costs Tutor and ¢onsultaTLcyfee Improvements to property Plant and u)a¢hinery CorDPUter equipment Projtti (h'erheads 575.690 636 20.182 589,905 40,661 10,554 35.723 524 2.498 13,229 32,463 655 582 138,517 659,036 802,783 Support costs GDvernan¢e costs Accoulllancy f￿$ Legal & Profwional fees 3,180 14.400 3,843 14,400 Total reJources expended 669J47 824,071 Trlet (expendlture)Ilncome (242,389) 208,283 This pag¢ not form part of the Sth¢utory financial statements Page 20