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