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2024-12-31-accounts

`Reports`
`Reference and administrative information`
`Trustees’ report`
`Independent auditor's report`
`Financial statements`
`Statementoffinancial activities`	`10`
`Balance sheet`	`11`
`Statement of cash flows`	`12`
`Principal accounting policies`	`13`
`Notesto the financial statements`	`15`

`Trustees`	`Charles Bedford`
	`Dean Bowie`
	`Mark Hynd`
	`Clive Pavey`
	`SimonRich`
`Principal office`	`Exchange Place`
	`Poseldon Way`
	`Warwick`
	`CV34 6BY`
`Charity registration number`	`1181336`
`Companyregistration number`	`410801299`

`Auditor`	`Buzzacott LLP`
	`130 Wood Street`
	`London`
	`EG2V 6DL`
`Bankers`	`HSBC`
	`21 Kings Mail`
	`Kings Street`
	`Hammersmith`
	`London`
	`Wé6OQF`

		`Unrestricted`	`funds`
		`Yearto31` `December`	`Year to3t` `December`
		`2024`	`2023`
	`Notes`	`£`	`£`
`Income from:` `Donations and grants` `Interest recelved` `Total Income`	`{1`	`44,500,000` `279,366` `41,779,366`	`34,000,000` `158,186` `34,158,186`
`Expenditure on:`
`Charitable activities` `. Grants payable` `. Support and governance costs` `Total expenditure`	`2` `2`	`35,782,803` `22,876` `35,805,679`	`34,190,287` `21,042` `34,211,329`
`Net Income (expenditure) before Investment galns`		`5,973,687`	`(63,143)`
`Realised gains on investments` `Unrealised gains on Investments`	`6` `6`	`41,544` `-`	`-` `482,091`
`Net Incomefor the year and net movementIh funds`		`6,015,231`	`128,948`
`Reconcillatlon of funds:`
`Fund balances broughtforward` `at 1 January 2024`		`11,347,446`	`11,218,498`
`Fund balancescarrled forward` `at 31 December 2024`		`17,362,677`	`11,347,446`

		`2024`	`2023`
	`Notes`	`E`	`£`
`Fixed assets`
`Investments`	`6`	`5,000,000`	`5,147,056`
`Current assets` `Debtors and prepayments` `Cash at bank and in hand`	`7`	`33,790` `12,341,014`	`-` `6,211,952`
`Total current assets`		`12,374,804`	`6,211,952`
`Creditors: amountsfalling due` `within one year`	`8`	`(12,127)`	`(11,562)`
`Net current assets`		`12,362,677`	`6,200,390`
`Total assets less currentliabilities`		`17,362,677`	`11,347,446`
`Net assets`		`17,362,677`	`11,347,446`
`Represented by:`
`Funds and reserves`
`Unrestricted general funds`		`17,362,677` `17,362,677`	`11,347,446` `11,347,446`

		`Yearto 34`	`Year to 34`
		`December`	`December`
		`2024`	`2023`
	`Notes`	`£`	`£`
`Cashflow from operating activities:` `Net cash provided by (used in) operating activities`	`A`	`5,694,886`	`(238,391)`
`Cash flow from Investing activities:` `Interest received` `Purchasesof investments` `Disposal proceedsfrom sale of investments` `Net cash provided byinvesting activitles`		`245,576` `(5,000,000)` `5,188,600` `434,176`	`158,186` `-` `-` `158,186`
`Changein cash and cash equivalents in the year`		`6,129,062`	`(80,205)`
`Cash and cash equivalents at 1 January 2024`	`B`	`6,211,952`	`6,292,157`
`Gash and cash equivalents at 31 December 2024`	`B`	`12,344,014`	`6,211,952`

`Reconciliation of net movementin funds to net cash provided by`	`operating activit`	`ies`
	`Yearto3i`	`Year to 34`
	`December`	`December`
	`2024`	`2023`
	`£`	`£`
`Net movementin funds(as per the statementoffinancial activities)`	`6,015,231`	`128,948`
`Adjustments for:` `Interest receivable` `(Gains) on investments` `Increase (Decrease)in creditors` `Net cash provided by (used in) operating activities`	`(279,366)` `(41,544)` `565` `5,694,886`	`(158,186)` `(182,091)` `(27,062)` `(238,391)`

`Gash and cash equivalents`
	`2024`	`2023`
		`£`
`Cash at bank and in hand` `Total`	`12,341,014` `12,341,014`	`6,211,952` `6,211,952`
`The charity had no debt at 31 December 2024 (2023 : none).`

`income from donations and grants`
	`Yearto31`	`Yearto3t`
	`December`	`December`
	`2024`	`2023`
	`£`	`£`
`Donations received from UBT (EU) Limited`	`21,500,000`	`16,000,000`
`Grants recelved from The Grace Trust`	`20,000,000` `41,500,000`	`18,000,000` `34,000,000`

`Charitable expenditure`
	`Yearto31`	`Year to 31`
	`December`	`December`
	`2024`	`2023`
	`£`	`£`
`Grants payable (see below)` `Bank charges` `Administrative charges`	`35,782,803` `995` `10,146`	`34,190,287` `923` `10,764`
`Governance` `. Audit and accountancy` `. Legal fees`	`40,500` `1,235` `35,805,679`	`11,100` `(1,742)` `34,211,329`

	`2024`	`2023`
`Recipient`	`£`	`£`
`OneSchool Global UK`
`. Feerellef grants for puplis of OneSchool Global UK`	`2,750,891`	`2,184,800`
`. Operational Grants` `Operational grants to OSG GlobalPty` `Operational grants to NAF EU`	`31,935,084` `1,096,828` `~` `35,782,803`	`30,344,760` `-` `1,660,727` `34,190,287`

	`Yearto31`	`=` `Year to 34`
	`December`	`December`
	`2024`	`2023`
	`£`	`£`
`Amounts payable fo the auditor in respectof:`
`. External audit services`	`10,500`	`41,100`

`Fixed asset investments`
	`2024`	`2023`
	`£`	`£`
`Marketvalue oflisted investments at 1 January 2024`	`5,147,056`	`4,964,965`
`Additions`	`§,000,000`	`-`
`Disposal proceeds`	`(5,188,600)`	`-`
`Realised investment gains`	`41,544`	`-`
`Unrealised investment gains`	`-`	`182,091`
`Marketvalueoflisted investments at 31 December 2024`	`5,000,000`	`5,147,056`

		`2024`	`2023`
		`£`	`£`
`Accrued`	`income`	`33,790`	`-`
		`33,790`	`-`

`8`	`Creditors:`	`amountsfalling`	`due`	`within`	`one`	`year`
							`2024`	`2023`
							`£`	`£`
	`Accruals`						`12,127`	`11,562`
							`42,127`	`11,562`