Cornwy re8thtion Durnbtr. 09614226 Ch4rity r¢8istraiion numb¢r.' 1163753 Epic Foundation UK Ltd (A compally limj'thd by 8Ugtgn¢eel Annual RepoTiand FlnAn¢ial Ststements for th¢ Yeor Ended 31 Ember 2024 Flintbatll M8ok¢DZiC Audit Lirttited Chsrted Acc(rtthtaJ)ts attd Ststutory Auditors 277- 279 C"sl¢k Higb Ro&d London W4 4PU
ple Founddoll UK Ltd CoDten¢s For the year ended 31 December 2024 Refrrrnre Administrative D¢tail$ Tru8iets' RerA)n 2to3 Strategic Report StknD)eDt of Thste, R•5PDDsibilities IndepeThtent Auditors, R¢N)rt 6109 S¢meut of Firt8ncial Activiti¢s io Balance Sheet S¢at£m¢llt of Cagb Flow¥ 12 Notes to th¢ FiDallct41 SMt¢m¥nts 13to23
Epic Foundation UK Ltd Reference AdmlDlstr4tlve Detalls For the year ended 31 D¢c¢mber 2024 Trlliteti Mr Alex8Ddre Ma Ms Myriarn Varder Elsl Mr Char1¢5 Fv051 PrlDdyl Offl¢e Suite I 7th Floor 50 Broadwdy Londort SWIHOBL CompAny R*RlJtMtlon Lyumber 09614226 Charlty Reglilrodtym Number 1163753 The ¢hariry i8 i01POrated in En8Jattd. HSBC Ciry of London Branch 60 Queen Victoria Stre¢1 London BC4N 4TR Banker8 Audlfor Flintham Mackenie Aud¢t Limited Cbartered Ac¢ountsOts 80d Ststutory Auditor5 277. 279 Chiswick High Road tndor1 W4 4PU Page I
Epic Foundatlon UK Ltd Tru5tees' Report For the year ¢nded 31 De¢ember 2024 The trustees, wbo are direcwrs for the purpt>ses of company Ixw. prescDt th¢ grmual teport wseiber with tbe fin&ncial statements and auditQTS' report of the cbaritable totnpally for tbe yeAr ended 31 Decetnber 2024. Tbe trustees hal'e &dopied the proiisions ol Accoullliti8 alld Rewning by Ch&riiie£'. St&t¢Tncnl of Recoll)ertded PTaclice &ppli¢&ble 10 Charities preparing th¢ir A¢counts in accordance with the Financi81 ReportiD8 Stsndard applicable ID the UK 8nd Republic of Ireignd IFRS 1021 letTectiYe l Janllttry 20151. Objeetlvei and #¢dvltl•¥ Objects awdolms Epic FoundHiion UK Limited Is a rc¥isi¢rcd Chiriiable Or¥aDi5alion in the Unitd Kin¥dom found¢d on May 29. 2015 with rhe mi55100 CO support ¢boriiable dod non-govenun¢ni&l orBani80LiOn$ including bui ¢KTrI lirnitcd to those tocuscd on Child developmcni and w¢lfaTe ind thc proteciion of (he ¢nvironmenL Epic Fout)dalion offlplishts8 this mission ¢11h¢i' Ihruu¥h ¢oniribuiions 10 gny onc or more cliariiable or¥ani5oiion¥ or by dirccl ranCe. te¢hniiY41 or tllHnagerial 8SSi8t#nce, but in 911 cvcuts for charityblc purpoBCS, aDd to ellge in aDy Other activities iucidelltal there to or in 8dvHD¢¢m¢nt of the foregoiDg putposes. Epic FouDdatiOD UK is Primarily [¥¢d on the Maki of grants 10 $LKi and ¢hritsble orBthi3aiions that proinote the Lb8ritable aims of Epic Foundaiton UK. So¢iol and cbarilabk or8anisatioDS will be able 10 gpply for ants in accoTd&tttt with Epic Foundatlon UK'$ Kr8ni making policy. Tn accordante wih Epic Foundaiion's Qr&nL tnakin8 policy in 2024 EpiL Fuundation UK ha¥ 81'&nled 11.353.375 in fvnding lo 16 n4)rt.prufils Wlirkinx in 8 countries globBlly to improve tb¢ liv¢5 of dis)dvantaitd children and youtb and thr ¢nvironment. Tbe or8ani581ion% selecid by th¢ ¢x¢cutive team of Cpic Foiirtdaiion UK in collaboration with fe¥earch conduLied by Epir Foundaiions Ind 5Ubsequ¢tY reviewed and Hpproved by th¢ Dintors of Epi¢ FoundLILOD Orsanisations 5UPPOrted by Epic Founthtion UK a$ 8rnniee5 NVT¢ftily working msk¢ & mell1&ble impact on EQPiC% InrI1¥. bul noi limited to.. lal Reducitsg ab, ocglcrt 8lld exploitation of Lbildrert 8Dd youth (bl ProrecliDbi Inettilll health 1¢) Adv#tL¢iog 8ender equity Id) Pronwlin¥ or 8dvaoLing ibe education llnd future livtlihoods of ¢hildreD And youth 1¢) Supporting communities fightiD8 poverty ID PrthecljiJ8 Ihe envitolltnelll lot future generation¥ Piiblir beiitJ7t The 1¢¢5 confirni that they have complied with the requiTem¢nts of section 17 of the Chariiies A¢t 2011 10 have due Te¥atd to Ihe public benefit guidtsn¢e published by Ih¢ Charity Commission for En¥land and Wale5. IBI The tsttn% of the Organitioll contiDUC to bc choritabl¢: (bl The aims and the Work doDe give identifiabl¢ benefit8 ro the cbarilablc sector and both itNlirecily alld diT¢CtIy to indtviduals ID need: {cl The benefits are for th¢ publi¢. Ire nor iinreasonably resiri¢ted in any WHY and certainly not by ability to pBy: Idl There is rjo detrimellt or iwm arisiDg from th¢ and 8ctiviti¢s.
Eple Foundation UK Ltd Trn5tee5' Report For the year ended 31 December 2024 Gr The chlty estab]ishwJ its 8rant Jllakin8 policy to achieve its objoc¢iv¢8 for the public b¢uefjt. Thoge 8root kirt8s are c4r¢fully congid¢red for the nAture Scope of the recipient's 8Ctivities the cbarity'5 objects alld the recipienvs ability to properly apply th¢ 8rDnts towards the aim5 of the rtcipicnt8. Th¢ annual reFQrt Wa5 ¢pwov¢d by truste of the chariry o yigrtttl on its bch&lf by: Mr Ale chainn
Epic Follndation UK Ltd S¢rgtegl¢ Report For the year ended 31 De¢ember 2024 The trusites, who ar¢ d1ClO$ for the purp)s¢s of company law, present (heir stTal¢8ic report for tk year ended 31 Dccember 2024, ift cutDplian¢e with 5414C of the CompBni¢s Act 2006. A¢hlevewents performAnce Th¢ charlty suGcwfvUy corried its objectives by making grdnrs and awards in wrdanct with their objectivts. During the ycar, the chArity tll4d¢ grnnls of £1.353.37512023.. £1,164.7001 bad relaia ws15 for operatio8 of £350.68112023.. £422,306) to various or8aoL58tions including edu¢O1iots. spon5, htoltb, soci81 caro 4Dd oihcrs. Flnanclal revl¢w The trustecs were ijelighted to th)atttions and l¢Bacieg of £1,120,274 from the Uilited Kingdom. £722.268 froo) Europe. £159,136 froD) re8t of the world. which made tbe total rtteiv¢d of £2,(M>l.678 for year ended 3151 Deetmber 202412023,. £1,627,532I. Of tbi¥ £975.528 (2023.. £733.8331 was Testricted fuDd. Total ruour¢es expended for the ye8r w8$ El.704,056 (2023.. £1,587,Ih)51 aod trhe chority ¢Bn repori s net increase ID fund of £297,622 12023.. incr¢pse £40.5271. TotRI unrestricted fuud beld as at the year eDded 3 1st Dccuub¢r 2024 was £951,54512023.. £610,764) Bod total restricted tijnd held was E396,10912023..£439,2671. Polley on re&er¥os The charity h4$ power to set aside income as 8 reserye d¥ainsi fv¢ exndItUre but only in ac¢4rdance with written pol¢Ly about r¢s¢rvES lo cover udmini8lrnliv¢ ¢OSL8. Plaths for future perlods Alm.? an4key objtcElvÉsforlumreperlod$ The Core of Ihe cbarity'5 obitcrives Are ro etrLPOW* Alld protect children. youitrL our planet. The charity will conllDue lo work %vith it8 key pamw¥ in tbt Epic tte(work¥ aDd belp more young people. Thc stratEgi¢ r¢port was appr d by the ttu$leeB ofthe cbswity Ott.... . and 4ig¥Kd on its behalf by: Mr Alexllndrt m[S Ch8irm80
Epic Foundatlon UK Ltd St¥4tsment of Trusteesl Responslbllldes For the year ended 31 December 21124 The ¢nre¢S (who are ajso the directo of Epic Foundation UK Ltd for th¢ purrM)8es of cotllpgny lawl are rponsIble for prcpHrin8 the Iruskes. report and th¢ finjncial statements ID accordance wiib applicable 18w aad United Kingdom Accoutsiijjg Stsndards (Ullited Kingdom Generally Atcepied AccouDtiTJ8 Practice), including FRS 102'The Financial Reporting Stsrthrd applicable in the UK and Republic of ITel#thd'. Conipany luw r¢quirc5 the trusiecs to prcp&rc finan¢ial staiemenis for uch financial y¢Hr. Under company law Ihc Itusiecs must Jjoi approv¢ Ib¢ fJptinLiuI siaiemettis unless they aic saLisfied th&1 Ihcy give a Ituc aDd fair view of th¢ si&t¢ of 8(Yairs of tbe chrtritable compgny and of thr illcoming Tesources dj application of resources, includillg its iDcome expendiiiire. of the cbaritible cortspany for that period. ID PTepariD8 ibese fin¢la1 statcineDlS. tbe trnstees Arc required to.. select sulb]r a¢¢ountit)g policies and apply them ¢oftsisienily observe ih¢ rn¢ihod4 and principles iri the Chariii¢s SORP: make Judgem1$ and es1itDR¥ are reagoDable prud¢nt.' sthie wherher applicable accowi¢in8 $tathdAr. comprising FRS 102 have bE¢n followed. subjeei 10 8ny materiAI depathr¢5 di5¢1oBEd and explained in lh¢ finanrial $iatements; and prepare the fLll8llcL&I styt¢mtDts on Ihe going cotlcem bg$i$ uniesg Ll LS illlppropriaie to presume Ibthi the charitsble coinpany 11 coniinue In busincgs. The Irusl¢es are r¢sponsiblc for keeping proper ac¢ountiny records thar ¢in di#clo8e with r¢wr&ble aceurw 41 4ny time Ihc finaTKioI poxiiion ofihc chllriittble company and ¢nible them ¢nsur¢ ihlli Ihe finthniiK¢l S¢eM¢ni& comply with th¢ Cornpllnies Aci 2006. They Jlso r¢$poDsible for saf¢guardib$ Ibe 8ss¢ts of the ¢hriiobl¢ compDuy and hellce lor taking reasoDabk $ps for the prevention aod detection of fraud and olber irregularities. DI101rE of Informtlon to audltor Each Lrys1¢¢ has luken steps Iliot Ihcy ou¥hi to h4ve t•k¢n ai a Irust¢¢ in order makc thBmselves #ivarc of Bny relevant audit IDfomLlltiOtL to establish that ¢h¢ ch8rity'$ audtlOT 19 awhre of tba¢ infoTmdtLon. The trus'lee8 onfirrn thAt Ehere is no Televani inforna¢io* th&1 they know of and of which Ihey kTh)w th¢ oudiior is uNaware. ReAppolDtmeDt of 4udlior In aCcordce with s¢¢tioA 485 of the CompDleS Aet 2006. a resolulioD for the re-appoinimtnt of Flillthom M&¢kenie Audit Limited •5 #uditors of the charity i¥ to be piYJsx)sed at thc fortFKomiftB Annu•] GefterDI Meeting. The ItU81ees art r¢sponsibl¢ for tk mttintenonce and int¢Brity of Ihe corpor81¢ dnd financial information ineludLxfj on the charitable compwy's web5iie. L¢gi51ation goveming the preparotioD and disseo)inotion of fin&ncial 518lcments may differ from l¢¥isl8tion in otheT jurisdicliotLS. Approvrd by the trustee nd $18n¢d on its beh81fby'. Mr.41eillnd Chain nLI rrusttt Page 5
Epie Found4tiOD UK Ltd Independellt Audltorls Report to tbe Memb¢rs of Eplc Foundg4tion UK Ltd Opllllon We have sudiied the tinatscial of Epic Foundation UK {Ihc 'tharity'l for the ye4r ended JI December 2024. which comprise ihe Stsiemeni of Finala1 Aaiviu¢s, Balance She. Slal¢meni of Cash Fl(M5. nd Nor¢5 to the FinAncial slemen18, including 8 8ummary of 3i8nifi¢ani accounting ptslicies. Th¢ finAnciol reportsus frattwork thot ha5 b¢cn èpplied in their prcpardtion is Uoitrd Kingdom Accoullliog Standards. comprising Chariries SORP- FRS IO2'Tht FinaDcial ReportiDg Slandard applicèble LD tbe UK and Repllblic of Ireland, aDd gpplicable lam. (United KiDgdom G¢D¢r•lly Accepted AccoUlltS Prgciicel- This report i8 de solely to the charilable company'5 mrmlm. as a body. in accordance with Chap*r 3 olPart 16 of the Coll]P4TLi¢S A¢t 2006. Our auth"I work tLas been UDdertakcn 50 thai we migbt st81e 10 Ihe cbBTitable oJnpany'$ membets those matteT5 we Ire r¢quired to 51ato to them in an 4uditorf$ rewn and for no oiher PUTP05C. To Ihc fvllesi exl¢nl pemJiiied by law. we do noi i¢cepi or assum¢ rr¥pDn8ibility lo anyone other ihan the charitablr ¢oinpatty and tho chwithblc ¢ompAny'$ member5 as & body, for our oudit WOTK for ttLk% Telrt, or for the Dpinions we have forrn¢d. In our opujion the titt80ciaJ 8ratern¢Dt8.' give • true 4nd fAir view of the slate of the ¢barity'$ affair8 45 8131 Dttember 2024 attd of its Tesults for tbe yeot Ihen ended.. bave be¢n prtsperly prepared in a¢WrdC¢ with Uftiled Kingdvm Gellerally Acwi¢d Accounting Practi Bnd have been prepared Tn Rceordan¢¢ with the requiremen¢S of the compani A¢1 2006. BAsli for •plDIo We condu¢ied cur dudit in ac¢ordonce with TThiernaiional StandArd5 on Auditin¥ (UK) IISAS IUKII pplir8ble JAW. Our re8ponsibililics und¢T Ibu5e standard5 lurtber describcd in Ib¢ AJitor.8 Tespoo$ibilitLes for the audit of Ihe fiD4tt¢i&l $iaiements seciion of OUT report. We are Ind¢ptndeni of ihe ¢h8rity in aordance wilh the cihical requirem¢nls Iliat r¢l¢vDnl lo uur audit oftlie financifjl Slemen¢8 in the UK, in¢ludinB Iho FRC'S Ethical S¢andord, 8nd we have fvlfilled our other ethical rcspoDsibili¢i¢S ia a¢cordanLe with thes¢ tequirements. W¢ b¢lipve that tbt avdit ¢vid¢DCB we have obtaid is sutlici¢ni aud appropriate io provide • b¥is for ourepinion. Thk8 report is made 801ely ie the ch&riiable conJpally'8 tDemtKts. C¢lltluAloni relatlD8 to golthg cots¢tr In auditi118 Ibe tioaThcial siar¢m¢nts, w¢ have concluded thai th¢ trustees use ot th¢ going concerll baBisof A¢COUDiing ill the preparntion of the fittsnciBI ¥iaiements 1$ appropriale. sed on the rk we have p¢rformed, we have noi identified Èny material un¢en4inlles relaiing lo events or condiiions Ill. individually or collectively, MAY C1 si¥nific8nt doubi on the charity'5 ability LQ cunlinue as 8 80Jn8 con¢¢rn for a p¢riod of al le051 t1v¢ tllODtILs from whco th¢ oriRinAI fall¢l] swiertLenls wer¢ authorised for issu¢. Our r¢5POll5ibilitl¢8 Ènd the respon5ibililies of the trStee5 witb rcsp2Ct to goin8 coDc¢m Hre described iD the r¢lev#nl sedi0rn5 of Ibis report. P?g¢ 6
Eple Found8dDn UK Ltd Independent Auditor'y Report to the Member5 of Epic Foundatlon UK Ltd Other14forn)&tlo trustc¢$ Ère $5]ble for the other iDfontyatiott. Tbe oih¢T infonpatiott ¢ompris¢s the infoftnaljoll included in the annuttl report, other than th¢ financial siaiement8 and our audiloT'S retrtFrt Ihcr¢on. Our opinion on the findncial stsiements does not cover the triher inforniation And. except 10 Ihc exicnt otherwise explicitly giaied in our report, w¢ do noi express any fomi of assurnttc¢ conGIusiOD tbereoll. In conJJeetion with our audit Èf th¢ fi&0¢711 siatemenls, our r¢sFM)Thsibilily is to read Ibe oiber iDfomtion alld. in doing so, cousider whether the other informatiun is ¢nlltcrially incoll8islenl witb tbe fiDaDcial 5tstctllcnts or OUT knowl¢dse oblatned in Ihe audii OT oihen4ry5¢ appciTS to be materially misstated. If we identify such material incons151encies or apparerti niaierial mis5werncn15, we requircd lo deiemiine wlicthcr ihere 15 a materi•l ftusstaiemeoi io the fLnaDcial 51Ht¢m¢nis or tt rttaierial mi951at¢uJeDt of Ihe ller InformlOn. If, bas¢d on ibe work we bave perfortn¢d, we conLlude that tbere 15 a inBterio1 mi551alemeDt of this other infortnatLQD. we r¢quir¢d its report thai facL Wt h&ve nuthiDg to r¢port its thi$ re8ord. Oplnlon on other m•tt¢r prwrlbed bv Ihe Compwni¢s A¢t 2006 Jn our opinion. based on ttrLe work undortBken in the coury¢ of the audit.. the infom&iion in the StrDlcKi¢ Report and Trn51C¢5' R¢port for die fin4n¢iAI year for which ihe siam¢DI3 arc prepared is Lonsistcnl with Ihe finxn¢ial statem¢Dt8' And the Strategic Report Tnjstees, Report ba prepored ID 4ccordotw¢ with appli¢oble legal r¢quirertwIt8. Motter8 OD iyhlrh w¢ &r¢ requlrtd to Teport by exceptlo In the ligtlt o(our knowi¢d8e and widerstplldin¥ ofthe charity and its enviTOtsTll¢nl obtained in th¢ course of Ib• alldii. we have not identified mitcrithl mi$siatements in the Strai¢gi¢ Report and the TTusieds' Report. We have nothin¥ 10 repot1 res1 of th¢ followin¥ matten wh¢r¢ the Compani¢8 Act 2006 rcquir¢s US to pori 10 you if, in ow. opinion., adeqiiate acwullting Tpcords h&ve llot beell ke0, or r¢wrn$ odequaie for our audit have not bv¢u received frotn braDthes noi visited by us., or thc financial Sl<Ments ore in ogreemcn( with the )¢eouniin8 re¢ord$ and returnB' or certain di5c105ures of trustees rtmunerntion specified by law 8re nor made- QT wc have not rtceived all the information and expianaiions wt r¢quire for our audiL Respon¥lbUltlv of truiteei As explained rnOT¢ llY in tbe StotenRDt of ThJ3trt$l K¢$portsibilities {8tt out oll pge 51, th¢ tru8tees are responsibl¢ for the prep8r81ion of Ihe financial staiemenis and for beinK satisfied thai Ih¢y 8ive a tnle and fair view, and IOT sueb intern81 control as tbe trustees delcniiiu¢ Is li¢sSIry to enable the prep4r&iioD of linwLai Statemen that 8r¢ free from material misstal¢menl, whether due 10 fraud or ¢w. Itl PtewiJ8 the tinattcial ststements. the ttus*e8 are respon5iblc tDr 188esskn8 the cbdrity's ibility to continue as s going concen2. disclosing¥ a5 llppli¢ible, matter5 telaled to going concern gDd iLsing the 8Oillg Clincern baSLS of ouuting unjess the ttw5tees ejther Elli8nd to liquid8ie the charity or to cease operalions or have no re8li5tic 4llerDaliTrt but 10 do so. Page 7
Eplc Foundation UK Ltd Independeut Auditor's Repor¢ to the Members of Eple Foundatlon UK Ltd Audllor rosw)n$lbllltles for the #udlt oftht tIDanell statementl OUT obi¢ctive5 ar¢ ie obmin rea50Dabl¢ assurnoce abwi wtKther the flnancial staicin¢tsts as a wtLol¢ are free from nialvrial mi$stalem¢nt. whether due 10 fraud or crror, and 10 issue an audiloT'S report that includes our opinion. Rcosonablc J5surBnce 18 ts high level of a55urBnce, bui is not a 8uar8ntsc Ihal an Judil conducted in awoidance witb ISA5 IUKI will always dctwt a fflattrial misstatemcnl wheo it eKists. Misstarements w uti8e from tiaud or em)r 8nd are CODSLd¢r¢d material it. individulllly or ill tbe aggre8ale. Ihey tould re&son2bly be expected to llLnueDCC the 001C decisions of users takrty oth the basis of the8¢ titiBtJciaL 814temenl$. As of AD audit in ord9n£E with ISAS {UK}, eXGIst wof¢ssionsI jud8crtKnt mainiJiD professioDal scepii¢isTr tbTOU8bout the audii. W¢ also., Identify and asse88 lh¢ risks of Thaleti&l missiaiem¢nt of Ibe fitClaI sia¢¢meiit8, wbether due 10 fraud or error, dc5i8n and pcrforn) audit procedures r¢spottsive 10 th08¢ risks, and obtain audit evideuce that IS 5uffi¢i¢nl •NI appropriate to providE a basis for OUT opinion. Tht Tisk of not detectin¥ a rnaterial misstslcmcnt reSUl¢u froth fraud ii highoT thon for olle resuitiDg from trror, as fraud iDvolYe collusion, roTBery, LntettiionAI omissions, mi5r¢prc$entAiions. or Ihe ovcrride of internal cortrol. 0Bill LinderMJndinB oFititemal control r¢leanl to the aodil in order to deiigll audit proctdure5 thi ar¢ NppropTiale in Ihe ¢iTCUm8tances. bul not for the purpose of ¢xpre$$io8 &n opinioD on the elTectiveuc$s oltbe charity's interDHI ¢oDtrol. Evaluaie Ihe appropriai¢n¢$s of accountin¥ policic5 Used And the rea8owbl¢n¢$s ofa¢countin¥ ¢5fimales and relai¢d di5¢105ures te by the InJsl¢cs. Con¢lud¢ on the appropriatene55 of the tDJ5¢cei we of tbe going coocern basi5 of a¢wunting and, buqd the audit evideoce obtained, wbether a material uncertainly exi¥ls related to tvetttg or condition$ th&t rnay co%t gUirIe91 doubt ots the charity's abiliiy to ¢ODIiDU¢ as & gouw concern. Ifwe conclude that 8 ll)ai¢Ti&I unren#inty exists. we are required tts dT4lW Iiiethtion irs our auditor's repon 10 the ff lated digclo$ur¢$ in the rinanciol si&iements or, if such disclosure5 are inad¢quaie, io modify our opinion. Our conclusions are bas¢d on tbe ttudil eYithts¢e obiaincd up to th¢ d81¢ of our audilor'j report. Howcvcr, futyre event8 or ¢ottditioL may cauye thc charity 10 ¢e4$¢ io continue &s a goins ¢oncem. EN'aiu8ie Ibe overall PTeyeDiatiOU, 8tru¢lure and coDnI ot the financial siatcmtttls, Dicluding the disclosures. atld wbeiher the fiuthGial $18temen15 repr¢5ellt tb¢ underlying tr•Dstt¢iions BDd events itt a monner that •cTrueve$ txir preseniatiotl. Obtain 5uffi¢i¢ni appropriote audit evid¢noe rexATdinM Ihc fin4n¢i)l infornalion of the entities or bwines8 artiviiies withD the charity to cxprcss an opinion OD tbB fmttoeiai st8t¢th¢nt8. We are r¢spoll5ible for Ihg dir¢ciion, sup¢rYision and performan¢¢ of the ¢harity audii. W¢ remain solely r¢5POllgiblt for OUT alldit opinion. Wc ¢omurLi¢&ie wi¢b Iho$e charged with govEtnHttce regarding, 8inDDg otber matters. the pl&Dned scvpe attd timin8 of lh¢ &udil and significant authi fitmlings, includins #ny significant d¢fici¢ncies in iniernal ¢onirol thai we idetltify duTitsg our Hudil. Page 8
Epic FouDdatioD UK Ltd Independtllt Audl¢or's R¢port to the Members of Eplc FouDd*don UK Ltd Uit ofour repDTt Th15 report is made solely to Ibe ¢hanlablc ci)ll)PWLy'S tnL81ees. gs a ly<Mty. in accordattce wiib Cbaptu 3 of Part 16 of the CompRnie5 Aci 2006. Our audit work lias been uTVrtakCn sc that we mi¥hi Sthle lo the charity5 irnsi¢cs those Tntsiters we are requirEd lo State 10 ihem in guditor's r¢port and for w oihLY purpose. To the Ibllest ext¢llt permilled by l&w, we do not accept or su[[l¢ re5pon5ibility to anyone oth¢T thao the ¢harstsbLe compatty and 115 Iru5tees as i body. forour &udit worL for illls report, 01 for the opinions we have formcd. Brij Taoeja jsenior Siathtory Auditor) For and on kh41fof Flintham MBckcnzi¢ Audit Limsied, Statutvry Auditor Cha[red AOuntR &tyd Sr8Ntory AudilOT8 277_ 279 Cbiswick Hi¥h Road Lotsdort W44PU Pale 9
Epic FouDdgtion UK Ltd Statement of FIDandal Actlvldes fDr the Yer Ended 31 December 2024 (Including Income and Expenditure Aeeount And Ststement of Totsl Reeognlsed Gain8 and Losses) UurJtrleted runds R¢$irlcted fundj Total 2024 N•ie Inoome *nd EndowrneDti from: D<>nalions and lewies .026.150 975,528 2,001.678 TotAI iDfOm¢ .Q26 L50 975.528 2.001,678 Ezpelldltsre OD: BAisin8 fuDds Charitable 8CtLVitle8 IIR4,0111 15017.591 13,7071 11.014,979) 1685,3701 OI8 6861 43.158 {187.7181 1,516.178 Total expenditure 1,704,056) Ner incottel{expenditUTe) 340,780 Nei movement in fild5 340,780 {41,1581 297.622 Re¢on¢lllAtIoh of Toul fund8 bTouMht fonvard Tual fuAd8 Carried fonvard 610.765 439,267 1.050,032 17 951.545 Unr¥strl¢t¢d funds 396.109 Ruirlft¢d fllnds 1347 654 TotAI 2023 Notr Income Ind EndtrwmeTh¢i frnm: DollalLOD% Hnd lesaciej 893.699 733 833 1.627.53? Total incomo 893.699 733 833 1627.532 ExpeDdltsrÈ OD: 1199,9841 1688.SL91 126,284) 672,217 (226.2681 1.360,736 Charitablc activities TOMI exp¢ndiiur¢ 888,5031 698,501 1.587.004 Nei in¢om¢ 5,196 35.332 40.528 Nei movement ID fvndy 5,196 35,332 40,528 RecoAdllAtIDn of f¥nd• To1 f¥lld5 brought foTh¥ard Total fvlld5 cRryied fonvard 605,569 403 935 17 610,765 439 267 1,050.032 All of tbe ch&rity'S attivities duiv¢ frottl contijuirtg operalions during the above two period5. The fvnds breakdown for 2024 1$ $hown in noie 17. Thc not¢s on p4e$ 13 to 23 fonll illtegrnl part of th¢se fittattcial statements. P•$e 10
Eplc Foundation UK Ltd (Regl$trAtion number: 09614226) BAlanee Sheet As at 31 De¢ember 2024 2024 2023 Note Flxed 8Met5 T8n¥ible As$ets 393 247 Currttht ii$¢ts Dcbtor5 C4sh at b8nk and tn hand 284,576 1,103,544 258.241 834.136 1,388,120 1.092,377 Credltor¥: Arnouttts fAlllni dme plthlll on¢ year 14 140.8591 142.5921 Ntt eytrent 48g¢t$ 1.347,261 1.049.785 Nel 1,347.654 1,050.032 Fuxdg of th¢ ¢harlty: R¢$trk¢¢d lo¢orne fundj R¢$tri¢t¢d fullds 396,109 439267 UDrtstrleted Intome fund8 UnrEstsiclcd fithds 951,545 610,765 Tot•1 fundy 17 1,347.6S4 1.050,032 fin&n¥i&l $latctnellts OA donth 10 to 23 were approved by ibe trusteeg, and 4UthorL5 for i¥sue oo ITb¢ AI¢xHDdre Mars Chairmtitt and I Thc Dole8 on p&g¢s 13 to ?3 form ill ini¢gral part of these fiaw]¢io] statements. Page 11
Eplc Foundation UK Ltd Statement of Cash Flow5 for the Year End¢d 31 De¢ember 2024 2024 2023 Not¢ Cash flows frnm oper•tln8 actlv115e¥ N¢1 cash inctsme 297.622 40.528 AdJu5tmellts to tb flowi from DOll-¢ash l¢¢n D¢preci8tio 443 246 298.065 40.774 Worklli caphl 4dJM$¢nn Tnor¢w in debiors Decrea5c in ¢r¢diiors 12 14 126.3351 183,1501 {18.9031 Net c4sh flow$ from operatiDg activitie8 Ch fro(n Ibi¢•tlD8 cthltl Purihay¢ of tangibl¢ f¢ fj&eis 269,214 (61,2791 1589) Caih flows from tln#dng *edvltlo• RepayDxDI ofb8n5 and borrowin Nel icreaYtI(dtCrS¢I io ¢#$k 8lld casb equiv&l¢ttts Cash 4nd cash equiv•lents it l JallUBry Cash and rquivaleThls al 31 Dernb¢T 14 783 269.408 (6l,279) 834.136 895.415 1.103,544 834.136 All of the cuh flowj den'ved from contiDuin8 0ratIO0& during the hbo%'e periods. The nolts OD pa8¢5 13 to 23 form att int¢8rlli p8rt (trf tlLese fJDanciRI statements, Page 12
Epic Foundadon UK Ltd Notes to the Fln4nci%l SlatetntDts for ihe Year Ended 31 Defeber 2024 I Charlty 8t4tp$ The eharity is limiied by guarantee, incorwrated in EDg]and. and CODWll¢Utly does not 5hJr¢ capital. E&ch of the Irusl¢es is liable 10 tontrsbutr an amount noi exceeding £1 towd$ the assets of the Charity in thE everti of liouidalion. The address of Its TeKi$ttT&I office is.. Suit¢ I 7th Floor 50 Broadway London SWIHOBL 2 A¢nlle polld¢J Summary ofsl8nllleA Tht ae¢ountlRi pollclei And key ¢eouh¢lni estlmAt The pritscipal accouniin8 poli¢¢¢$ Bpplied in the pr¢par8li0sJ ef thue financittl gt8temenls Ar¢ sei oui b¢low. Thcse policios hgv¢ b¢eo con81Stently Appli w 811 the ye8ts pr¢5eDted, unleu utherwi5C 5tsted. Stal¢mcnt of¢ompll&ce Thc financial sroittmenig have betn pr¢pafed in accordan¢v with Accountin¥ Aftd Reportin¥ by Charities.. Stat¢roeni of R¢collmi¢nded Practice lappli¢able to ¢h&rilie8 prepATitLg their aceouD¢s LD a¢eordan¢t wxth tbe FiDBnciJl R¢ptrftiog Statsjard applicabl¢ ID the UK alld Republic ot Lrelatsd {FRS 10211 lissiied in Ocrobar 20191 IChAriiies SORP IFRS 102)). the Finatscial Reportill8 Ststsd8rd applible io the UK aud RepbItC of Irel8ud (FRS IOZI, CornptLi¢S Act 2006 and Cbgrilirs Act 2011. B41is of preprth>x Epi¢ Foulld2tioD UK Ltd meets th¢ d¢fllll'iion ot a public betlefit etstiry UDder FRS 102. Ats li&biliiie9 are iniftally rewised a¢ histori£EI ¢t or tran5aCtioD value unless otherwise Sigted in the relevalli •CCOUDiin8 policy oot¢g. ColDi COD¢eTn The financial si¢m¢nI5 have been prepared on a Eoin8 toncern bASi5. As &t the dllle of this rewrt, Ihc trusl¢¢s ¢vnsidcr Ihe char¢ry lo bE re8ilient ¢un¥ithrin8 Ils h¢alihy fiJJan¢ial poyition w7th coniLiIUiDg don&ti0tt8 beinB Teceivcd, the ¥upport of the m15 and robust eharitable coniinuily plan4. Notwithslandin¥ this the injsices rccogni5e an increEixd l¢vel of un¢ertRinty OV the short term QPPOTDIDilies dnd S coniinuou51y ¢vAluaiitsg the risks of¢couotnic ffj¢lor5 as ibcy Old. The Irusl¢e% believe fhgt tbcre are no u]sieri81 uoccitHLDtle5 effecting the chtsrity's obilsty 10 Wotiftue 88 a goiDII COL)cern nor any silfIe&ll1 are ot Collcern thyt #ffect the carrying valutt olihe asyets h¢ld by the charity. In¢ome *nd endowments All Jncorne is recogni5 once the charity bas enlitl¢nb¢ni io the in¢ottK, il is probablc le ittcome will b¢ rtceived ynd thg amount of the incotne re¢eivbble cats be measured r¢lillbly. Pgge 13
Epic FollndatiDn UK Ltd Notes to the Flnandal S¢A¢em¢llts for ihe Year Ended 31 December 2024 DoDatioDs leK¢le8 Dollatio ar¢ rrtO8Dised the charity bas beetl llocified ID writiDB of both the amount settlemetst dale. In the eveftt that a donaiiott is subjecl to conditions tbal reqthirc a l¢tl c>f perfornwjce by the charity before tbe charity is eDliiled to the fund5, tbc inrom¢ is deferred aDd Dot T¢¢tsgllised UDtsI either t&se conditions are lully mel. or tht fulfiittwxt of those CODditLQDS Is wknolly Vjiihits the control of the cbarity and ii i5 prTrbable that these ¢thJditioug will b¢ fulfilled itt the rcportiug p¢riod. Eiptttdlthrt All exp¢ndiiurc is rxognig¢d once there is a l¢881 or ¢onatru¢tive obliB8tion to thai expenditure, It is probable ttl¢rnenl 19 rc9uircd thd Ihe aniounl can be tneasured reliably. All costs are allocaled ID the applicBblc expenditure heAdin8 Ihal a88Bate similar costs 10 Ihat category. Where costs nnl be directly thribuied to partirul4T h¢adin8s Ihey have been alloca1 on 2 bA8iS consisni wih lh¢ use of resou¢5, With ¢en¢ral siaff costs allocated on the bosis of iimc spent. and depreciation chary¢s allocated on th¢ portion of the et'? use. Other 5UPPOrt cos¢$ llllocated b88ed OA the sprcad of $iaff ¢osts. Ral$ln% lund8 These are costs incurred ill &ttra¢tUL8 voluntary income, the mw8eD)ent OF inveslm¢nl$ lad those in¢urr¢d in tr•din8 acljvLlies thot r41rt fund8. ChArltAble lIvI¢S Charitable expendiNre compri6¢5 those costs irtcuNcd by Ihc chtyrity in the deliv¢ry of its aci¢viiie5 and %rvi¢e$ for IUS b¢nefL¢iJfLes. IL iDclude8 ¢051S call bE allocated dir¢cY lu sutb aLlivitics aDd those ci)sts of HTh indirect 08ture necessary w iupport tbetll. Grant ummltments Conknnitment for grant3 are m&d¢ whM Ibe int¢ntioJJ to make d sTl h&8 been commuuicii¢d w the recipicnt bu are subject lo condi¢iony Ih•t hiv¢ noi been ai the y¢4r thd. Support rost¥ Suppon c0515 includ¢ eentral functions and have b¢¢n ollocated lo activiry ¢o8t caiegories on 8 basil conslstcnt witb the use of resources, for exarnpl2, g111tin8 proptrty costs by floor ireas. or p¢r c4pi12, siaff cos15 by Ibe Éiroe Spent Bod othir cost5 by tbeir uxage. GoverDAntt colts These include thc ¢o¥is allTibuiabl¢ ¢0 the charily's compliance with cortstitution&l and $t&thJiory requir¢rnents. includi08 audit. 5trai¢gir manageJTJeDI and ttu5tee5' meclitws llTrd rtimbursed cxpets5es. TAx#I•o 11)e chBTity is tonsidered to PQSS tELg tests Éet out iti Porggrnpb I Scb¢dule 6 of the Finllnce Act 2010 and theretore Ll meets the d¢finitioll ol. a chliable compaDy tor UK Corporation lax purposes. Accordin8ly. tbe ch4riry is pot¢nually exempt from taxation in regpBct of irt¢ott)e or capitsl gaitis re¢eiv¢d within cate8orie5 overed by Cbapt¢r 3 Part I l of the CorporBtion Tax Act 2010 or S¢rtiou 256 of iho Taxation of Chargeabl¢ G&ioB A¢t 1992. to ibe extent that su¢b ill¢ome i>r g&iDs are applied EKcltssiiely io charitsblE purposes. T•D8lblE Ilxed $St IDdividual tixcd assets are initially recorded At ¢osi, le¥$ any subsequettt aCCumal¢d depreciation and $ubsequeni accuniulaod impairnJ¢ni losse5. Ptsge 14
Epic Foundatton UK Ltd Note5 to the Flllanclal Statements for the Year Ended 31 December 2(124 DepredtloH and a]wrtls8tlon Depreciation is Provithd on t8nble fixe a55¢ts so 8$ to write off th¢ cost or Valuati k55 ally estimated sidu&l value. ovcr iheir expected economic lifB as follows.. Asyet tlass Office EquipnI Deprtciatithi Depr¢cl4llon method ADd rts 33Jh Swaisht Line Method Csh and cAib equlvAlents Cash and E8Jh equsvalents comprise cash on hatyj armj cllll deposits. and oth¢r short-tem) hishly liquid iThVesmnts that 4r¢ r¢Ndily ryTrDvcttible to a kDOWD amount of ca$h ond are subjett ro all iDsignifLCatit risk or Chan in va]ue, Forel8n exch•Dge Transa¢iions in forcigii QUTrefteies are Tecotded 81 Ihc rnte of exchange &t th¢ date of the trauwtioll. Mollelgry assets and li8biliii¢s denominated in forEi8tt CUen¢1e& at thc bl•J)¢¢ Jh¢¢i date are teport¢d at the Tlltcs of exchange PTevaLling at th•t dBIc. The re8ult8 of oversug oper•tions are tr8ttslated 4t the #Y¢rog¢ TAle$ of exehthng¢ durin8 the period and their bBlanG¢ 8h¢rls 4¢ ili¢ talc5 mlints ai tlie balae 51iecl dale. Exchan¥e difY¢rencey arisin¥ on tronsloiion of Ih cnin8 nei o88ets and re3ults of oversea8 operations Hrc r¢poMed in other iomprehellsive inwD)¢ llccurnUlBt i equity laiiribuied to non-contyollin8 inre8ts as appTOPri4t¢l. Oth¢r ¢xcbHo8¢ ditT¢r¢n¢e$ Ire reco8niKd LD the Stsi¢EDent of Fioancial Activitie8 LD thc poriod Di which thry Afig¢ ¢xcept for. 11 ¢x¢b8n8¢ differen¢ on transactions etyt¢red ittto b hedge certsin forei currency rith Iw above)., 21 ¢x¢hange diffet¢n¢es arising ott Baitti or losses on non-moD¢¢ary i*ms wbich ttf¢ rwogDiged in oiber ompyehensive incom¢. 3) in tbe cose ofibe eon501idat¢d fillanciAI SlAtemeDts, exchRDgt diffetences on mort¢tsry iltm5 r¢c¢iv&ble from or payable to a foreign operarion for which settlement is fteither plarLDcd nor likely 10 occur {therefor¢ foThning rl of the nel inveslmenl in th¢ for¢i¥n op¢rabDn}. which ar¢ ronISed in oih¢r cornprehen5iv¢ income aNJ reported uftd¢r ¢quiry. Fund ltrutture UnTtgtri¢ted i0me Jjnds fvnds for operaTioDS (prowmmatic arA governattcel 85 well &$ non-e&mwked donationg for tTI]kkIng. to be allo¢8ted •t the trustees'5 di8¢XttiOJJ iA furtheT&nce of Ibe objectiycs of the ¢h4ri1y. R¢siricied income n0% th0 donated for e in a ptrti¢ular ar¢a or for specifiG purposes. th¢ w of which is resiricted ¢0 thai or purtx>s¢. Page 15
Epic Foundatloo UK Ltd Not¢s to the Flnancl41 Stat¢m¢nts for the Year Ended 31 December 2024 Penthllj And other port rtdreTtstnt oblAgation$ The charity opcrlltes a defmed contribution pcnsioo $¢heme wbicb 15 2 pellsion pl&n under which fixcd coniribulion5 ¥Te p&id into a pension fund and ihe charity ha5 Ic¥al or 1)8¢1)j¢iYc obli¥iiion 10 pay I1ET contributions even if the fvnd doc5 noi hold sufficient a5xts pay oll ernployecs the benefits relatin8 10 employee seryice ill tb¢ cellI ttDd prioi periods. CoDtributiolls to defI]d ¢ontributlOD plalls Are recogllised in th¢ Si&tettot of Fin•Dci81 ActiltieS wb¢tt they are due. If contributioa paym¢ni$ ¢x¢¢¢d the contribution foT se]vice. the excess is recogwsed ss k p[epayrIot. J Illromt from donatloni aDd leytlei Ullr¢strlcted fund5 Gtwer*l Reslrlcted fuDd• Tot#1 DoDation8 and lega¢i¢s; lknoati006 fmm individunts 1,026,lJO 1.026,150 975.528 2.001 078 Total for 2024 975.528 2.001.078 Total for 2023 893,699 733.833 1.627.532 4 Expendltur¢ ort rililn8 ldndi CNts of gtller4dng donatlong and legA¢ie¥ Ullreltrltted fllndj General R¢gtrldtd rund$ TolAI rund$ r4ote Fund roisll ¢v¢n AItOC8trd 8UPPOrt ¢osl$ 53.205 130806 3.350 357 56.55S 131 163 T•t#l for 2024 184,011 3.707 187718 Totol for 2023 199.984 26,284 226268 PagE 16
Epic Ftsunddon UK Ltd Notes to the FIDanclal St4tements for the Year Ellded 31 Decernber 2024 5 Expendlthre on ckarltble Aetlvltlu Unrestrltted fuudJ General Re5trk fuids Not¢ GraDt fuDding of4¢tivitiei Allocated supporteosts Gov¢rnanc¢ ro¥i8 338.396 79.129 83.834 1.014.979 .353,375 79.129 83.834 Totsl for 21J14 54Jl,359 .014,979 1,516 338 Tot*l for 2013 688,5J9 672,217 1.300.736 UDrcrtrlrted fuDdi G¢n¢rnl Rutrltted fulldj Totsl 21124 Total 2023 Sports Health E4ut&tion Social caro 57,555 29,816 11,839 124,019 278.130 81,445 71.L85 309,361 402,981 150,007 139,C 101,(M)i 321200 527.000 428.137 68,000 ioo.joo 263.21X) 564.000 365,236 501,359 1,014,979 1,516 338 1,360 736 Page 17
Epic FollndatiD UK Ltd Notey to the Flnancial Statetnen¢s for the ye Ended 31 December 2024 6 AiJy$l$ of rllskng fuDdJ iupport goverts•oee And cbarlhbk iupport to¥tS Support tNti llo¢a¢ed to r4lakng fundi UDTeJtrf¢tsd TotAI 2024 TotAI 2023 G•Aeral Rutrl¢ted O(fice expeo8es Enterta2Dment Was¢5 And $alATies Wagcs s&1oTits SlatTNIC (Empk>yers1 P¢D6iou to81 Tr4velliD8 191 663 356 84,019 9,285 2.062 14,884 1.803 5& 359 663 356 84,019 9.285 2.062 14.884 1,803 10,762 2,724 7.651 In&urBn¢e Trttde subscripriolls Consulmncy fee5 Bank eharges Bank char8¢9 Other benefits 182 2.572 l3,407 2,078 13.147 2,078 13.147 19 2.655 19 2.655 518 130,806 357 131,163 144.168 GtsverD•D¢e cwts Th• 2024 fm8ncial Atstsmettt8 include w8ts which are corrKily £lioc8ted attloryest ftindraisin& 8overnanct aud SUPPtsrt ¢al¥8oriey 18 per tbc d¢fmitionB in the Note9 to the FioAncial Staterttnis for the Year Ellded 31 December Z024. Unrutrl¢t¢d Tot 2024 GeDerJl Z023 Stsff Ct$ Wages aDd salariés Sttia5 yecuriry costs P¢n5ion costs Other statYco$ts Atydii fee$ Audit of the financial st8tem¢nts Other ftts paid to auditors Other governance cogts 27,693 11.985) 605 2.IXJ2 27,893 11,98SI 605 1002 12.149 18,5831 255 2.098 10,570 10,294 34.455 83.834 10,570 10.294 34,455 10257 8,400 24.604 83,834 49.)80 Pa8e 18
Eple Foundation UK Ltd Notes to the nancIal Statements for the Year Ended 31 December 2024 2024 2023 Charltble support f05ts Wages and salarie& EntcrtQiDment Stsff NIC {EmployeL5) Other b¢n¢fits Pension c08t TravelliD8 Trade 5ubscTiPtL0tt8 Con$ul¢ancy ftts Bauk Char8CS 15.421 71,967 233 6.855 1,427 lJ15 6.608 1,000 57250 167) 371 8.308 s(H) 50,950 1.864 79.129 146.655 7 Truitees TemuM¢r•doD #Ad expewes Tbere were no tru$re¢s remuneration or oibvr ben•fit8 for th¢ year ended 31 DecemEr 2024 Lor for lh¢ year ended 31 December 2023. Trustees, Exp¢n £12,166 Ivas incurred for Iravel And accommodation, £658 for Bnl¢rtainmgnt and £509 for othcr ¢04ts for Ms M Vinder E15t a$ tn*ttt's tr4v¢I DDd other expenseg for the year ended 31 tkcember 2024 (2023.. £4,399) 8 St•ff co8t$ Th¢ 48r¢w payroll rosls w¢r¢ s$ follows: 2024 2021 Stoff Costs durln¥ ihe velr were: Wagtt5 And S&lHrieg S(>cial Securiry Costs P¢nsioD Costs Other 5raff ¢0sts 124.690 9,010 3.433 27,089 l86.227 9235 4,691 6.836 206 989 The monthly av¢rnye nutnber of persons lincludin¥ s¢nior m80cment I leadership tcarn) employed by the charity during the year exprc58gd as fvll titsjt cquivulcnts was as follows: 2024 2(123 Averatse number tsf employees l employee received cmolumeJ)ts of llLor¢ £50.QOO during Lhe year. Page 19
Epic Foundatlon UK Ltd Notes to Ihe FIDand¥l Stat¢mellts fr the Year Ended 31 Decernber 2024 9 Audlton. rem¥tteratlon 2024 2023 Audit of th¢ fuwllcial statements 10 10,570 57 The duditors ¢bArk £6,334 for noa-lludit i¢tvices12023.. £4.800) and associated fm Cbar8 £3,9fA>12023.. £3,61KI) for Dther accountancy $¢rvi¢w. 10 Taxtlon Thc ch4rity is a re¥18tered charity aDd is Ih¢T¢for¢ exempt from thxilion. I I TADObl¢ FurMlfvr¢ olld ¢qulpftwnt Totil Cosi At l Jatruw 2024 AdditionB 740 589 740 589 Al 31 Deccrnbcr 2W24 1,329 Depr¢tltlo• At l 2024 Chargc for tbc yexr At 31 De¢¢rnber 2024 493 443 493 443 936 936 Ntt book VAlll¢ At 31 December 2024 393 393 A¢ 31 December 2023 247 247 12 Debtors 2024 2023 Trnde debro Prepaymcnls 283,015 257,324 917 284.576 258.241 Pag¢ ?0
Epic Foundatiots UK Ltd Notes to the Flnn¢ll StitemeDts for the YeaT Ended 31 December 2024 13 CASh and 5h eqlllvalents 2024 2023 Casb at bonk 1.103,544 834.136 14 CvedStoTh: amouNts f•Tlin8 dut wlthln one ye*r 2024 2023 Short ienn lo Other iaxaiion and wci81 grfurlty Other creditors Accruals 783 3.745 20.542 18.305 16,224 21.245 42J92 IS PeDiloll and othff xhttL¢S Denned ntrIbuttn pen51on •chttmÈ Th¢ Ghiriry OPernle5 a defin ¢ontributitrTr pension h¢Me. The penuion W8L chaT8e for the year rePrntI coDtributions payabl¢ by the cb&rity to the 5ck¢tne and &mouDi¢d to £3.43312023-£4,6911 Pige21
Epic Foundadon UK Ltd Notes to tbe Fln4nd41 Statements for the Year Ended 31 December 2024 16 Other Ilnan¢tal 2024 2023 Toi&l coromiuDellt5 17 F•ndi BAIADte •131 Dtctmber Rewurt exptndtd 2024 ruourcti 2024 UllreJttted G¢neAI 610.76J 1,026.150 975,528 1083.370) 1,018,686 9Jl,545 Rei¢rkt¢d fvndA 439,267 396,109 T&rAI fiJnd$ 1,050.032 2.Wl,678 {1,704,056) 1347.654 B¥lill¢e at 31 Decembér B&l&nce ai I JwJhUry 2011 IAeomlni r¢sourte¥ Resource ¢5PtDded 2023 Unre8trl¢ttd fuDds Genernl 605.569 893.699 1888,503) 698.5011 610.765 R¢$tilettd fiJDdJ 403,933 733.833 439,267 T•tal fvftdj 1.009,5Q4 1627,532 11,587,004 1.050.032 18 AMIty• of D¢t •••tts between tsnds Unrutrl¢ted funds G•merg1 TotAI fund5 11 31 De¢emhr 1014 Restrictod Tin8iblc fixed os%ts Curtent #sseis Curreni liHbiliii¢s 393 992,011 140.8591 393 1,388.120 140.8591 396,109 Toial ner JBS¢18 951 545 396.109 1,347.654 PagE 22
Epic Foundation UK Ltd Notss to tbe Fln4ndal Stgt¢m¢llts for the Yer EDded 31 December 2024 Unre5tr1rt¢d Totsl fund$ 81 31 D¢ttmber 2023 RestTl¢t¢ fDnd8 G¢ntr21 Tallgible fixed assets Current assets Current liabiknties 247 653,110 142,592 610,765 247 1,092,377 42.592 439267 Totsl oti 8ss¢ts 439.267 1.050.032 19 AnAlyili of net funds At31 At l Jajtsary Fl•gn¢thi 2024 no Dpcember 2024 Cts at bank and in b 834.136 269 408 1,103J44 N¢1 fijnds 834.136 1,103.544 At31 Decemb¢r At l J•nuAry FLMnckn8 CA 2023 fltywi 2023 CHJb atb4nk Ind in h8nd 895.415 61279 834.136 Nti fixnd$ 8.14,136 2• ReJAl•d pgrty trahi8ttloni Durillg tbe year 2024 the charity math th¥ folkTrwing related pty trnnsaeliom.. lal The tn]slcE MrAlexDndrc Mars tywher entitl¢$ 1gsoC18ted with bitu donated £lJ.00012023.. £179,574) durin8 the year. Ibl Epic Fowthtion UK ft¢eived £36.500 from Epi¢ Fr•nce in axordan¢e with a 8crvi¢¢ weement whi¢h hos been di5cI(bSEd as other illcome. Ic} tring the year, Epic Foundation UK disburn¢d two grants of SIO.(X)O and S35.QOO to ¢wo Intha or¥&nisalions on behaifof Epic US. Epir Foundation UK inwrr*A a lorei¥n Cxchane 10$5 of £1.792 thie io th¢ PJ55 tIuou8h tr&tt8a¢iioD. P8g¢ ?3
Eplc Foundation UK Ltd Detailed S¢4temeDt of FiDan¢ll Actlvities for the Year Ellded 31 December 2024 2024 UDre5trlcied rund• G¢Aerl Restri¢t¢d rynd8 Total 2023 Tol•] Ineon* and Endowm¢thts from: DonatiODS aDd1¢8acies IHnaly5cd low) 1026.150 9?5.528 2,(K)1,678 .627.532 TorAI incomo 1.026,150 975.528 2,(X)1,678 1.627.532 ExpeDdllure on: Raising funds {analYs b¢lowl CILirit4bl¢ activities14naly3d below) {3.7071 11.014,979 (187,718) 1.516.338 1226,2681 {1.360.736} 501.359 TotAI exptndiiure Nel illcomel(expendi¢ur¢) Nel inovemeni in funds 685..3701 11.018,6861 L.704,056 1,587,004) 340,780 143,1581 297,622 40.528 340,780 143.1581 297.622 40.528 Reeonolllotlon of futtdi Tofal fund5 brought forward 610.765 439.267 1.050.032 1.009J04 Tolal tiLud$ c8rried forwDTd 951,545 396.109 1.347,654 1,050.032 This page does tNkt for]n part of ibe Statutory fillancial sthren]ell PNge 24
Eple Foundalloll UK Ltd Detalled Statemellt of Flnanclal Artivltles for the Year Ended 31 December 2024 2024 Uknrstrfcted funds Gener1 R¢strl¢t¢d runds Tot 2023 Total Coutribution5 lrtslrictedl Colltributions (gift in kiod) CoDtributioJJs (ur5tri¢t<d) 971.822 3,71hS 971.822 3,706 1026.150 730,182 3.651 893.699 1.026.150 1.026,150 975.528 2.7.678 1.627J32 This p&ge does Dot fo of the statut¢)ry fi[wla] st8ienKDtS. Page 25
Eplc Foundation UK Ltd Detailed Statement of Fln4ncil A¢llvltles for the Year Ended 31 De¢¢mber 2024 2024 Unrertdcted fund$ Gelleraj Restr1¢tl rundi Tot41 2•23 Tot1 R4tslNglMnds OffiG¢ ¢xp¢tbS¢8 Events & Sumnuts Events & Sununits Er[allMen( WaKc5 and salories WaBc5 5aluric$ Staff NIC (Employcrsl PM6ion ¢o$t Trnvellin¥ Rent lftsur4rt¢¢ Trpd¢ subscriptions Collsul¢ancy fees BaDk charges B8tsk cborKes Oth¢r Ixn¢fi (191) (3.3501 153,2051 16631 13561 184,019) 19285) 12,062) 114,884) (1,803) 15681 126,281) IS5,B191 {359) 13.3501 {53.205) 1663) (356) 184.0191 {9,285) (2,0621 114,8841 (I,803) (10,1621 (2.7241 (7.6511 {2,0781 113.147} 12,078) {13.147) 12,5721 113,407) (31 (19) 2,655 187 718 226,26A} This page does not form part of Ihe stawiory fitwicilll statements. Page ?6
Eplc Foundation UK Ltd Dttalled Stgtem¢nt of Flnlnclal Actlvltle$ for the Year Ended 31 December 2024 2024 Unreitrf¢ted funds G¢n¢rAI Restrfcted fumd$ Total 2023 Total ChorlMblÉ dLYivir1¢5 OraDts (restnct¢dl Grants {unrcstri¢iedl EnnaLfLm¢nt Ex¢b2llBe sai110& Wagc5 al salJri¢s Sl&ff Ntc IErnployer51 P¢n&ion cost Travellin¥ Trade subscriptionB Ctsnsuliancy fees Other b¢rteftis (1,014,979) 11.014,979) 1338.396} 172) {1,8641 115,4211 {6722171 1492.4831 12331 1338,396) {721 (1,864) 115.4211 {1,710) {3711 18,3081 (5001 (50,950) 67 (71,968 16,8351 (3711 18.3081 1500} 150.950) (6,6081 11,o(K)I (57,250} 1,427 417,525) 11,014,979) 2024 11,432.504 UDrestrl¢t¢d rtyndi General R¢strlete fuDds To¢l 2•23 Totgl GI>ri1&LY eosts Offi¢e expet)8e5 Ettiertainmtnt AOutIncY monthly fees Audiiotrs fces Ac¢oulltancy annuBI f¢r5 Excb4llge Bal088 Wggcs and salarics Staff Ntc IEmploy¢r51 P¢n&ion Cost StBff recruiirn¢nt TThvcllin Rent Tnsurance Trade subscriptLOn5 L¢gul aud profr55iollal fees Bank charges Deprt¢l#tjo of offjce equipm¢D¢ Oth¢r b¢tKfLt5 12.4431 (63) 14,8QOJ (10.570) 15,494) 12,443) (63) 14.8Crf)I 110,5701 IS,4941 (1,7951 13,600} 110,257) 14,80Th} (2.7751 112,1491 8383 125SI 11.6481 14.3461 127,B931 1,985 1605) (9711 13,6991 127,A93) 1.985 (6051 (9711 13,6991 (1.2221 12.1021 123.685) 17981 141131 (1031} (1.222} (2,102) 123.685) 1798 1443 (2.1971 12,0131 19,2711 (6391 (2461 145Q 83,834 Tlu$ ge does not fonn patt of the 5tstutory fioancial stQTeIneiits. PN4e 27