Contents
| Reports | |
|---|---|
| Reference and administrative details | 1 |
| Trustees’ report | 3 |
| Independent auditor’s report | 15 |
| Financial Statements | |
| Statement of financial activities | 19 |
| Balance sheet | 20 |
| Principal accounting polices | 22 |
| Notes to the financial statements | 25 |
Axiom Maths
| Trustees | DanielJamesAbramson(Chair) |
|---|---|
| AlexanderGerko | |
| KathrynGreenhalgh | |
| JonathanHill | |
| CharlottePotter | |
| EdwardSouthall | |
| SeniorLeadershipTeam | |
| CEO | DavidThomas |
| DeliveryDirector | AdamGeach |
| OperationsDirector | CatherineFenwick |
| SchoolPartnershipDirector | NaomiBurley-Baker |
| CurriculumDirector | SamHarvey-Brewin |
| StrategyDirector | SyreetaAllen |
| Secretary | CatherineFenwick |
| RegisteredOffice | Unit2 |
| 55-61BreweryBuilding | |
| BreweryRoad | |
| N79QH | |
| Telephone | 07961908676 |
| Website | www.axiommaths.com |
| CharityRegistrationNumber | 1199281(EnglandandWales) |
| Independentauditor | BuzzacottLLP |
| 130WoodStreet | |
| London | |
| EC2V6DL | |
| Principalbankers | LloydsBank(closedJuly2024) |
| 95GeorgeSt | |
| Croydon | |
| CR92NS | |
| TheCo-operativeBankPLC(openedApril2024) | |
| 1BalloonStreet | |
| Manchester | |
| M604EP |
| Solicitors | WombleBondDickinson |
|---|---|
| TheSpark | |
| DraymansWay | |
| NewcastleHelix | |
| NewcastleUponTyne | |
| NE45DE |
| Trustee | AppointedIResigned |
|---|---|
| DanielJamesAbramson | Appointed13June2022 |
| KathrynGreenhalgh | Appointed12October2022 |
| AlexanderGerko | Appointed13June2022 |
| CharlotteAlicePotter | Appointed13June2022 |
| JonathanHill | Appointed19October2023 |
| EdwardSouthall | Appointed11thFebruary2025 |
| SLTMembers | Role |
|---|---|
| DavidThomas | CEO(fromMay2023) |
| SyreetaAllen | StrategyDirector(fromJanuary2023) |
| CatherineFenwick | OperationsDirector(fromSeptember2022) |
| SamHarvey-Brewin | CurriculumDirector(fromSeptember2022) |
| NaomiBurleyBaker | SchoolPartnershipsDirector(fromNovember2023) |
| AdamGeach | DeliveryDirector(fromNovember2023) |
13 February 2025
| Unrestrictedfunds | Unrestrictedfunds | ||
|---|---|---|---|
| 13June | |||
| Yearended | 2022to | ||
| 31August | 31August | ||
| 2024 | 2023 | ||
| Notes | £'000 | £'000 | |
| Incomefrom: | |||
| Donations | 1 | 3,389 | 2,482 |
| 3,389 | 2,482 | ||
| TransferfromAbsoluteReturnfor | |||
| Kids(ArkUKProgrammes) | 12 | 496 | |
| Totalincome | 3,389 | 2,978 | |
| Expenditureon: | |||
| Charitableactivities | 2 | 3,669 | 1,982 |
| Totalexpenditure | 3,669 | 1,982 | |
| Net(expenditure)/incomeandnet | |||
| movementinfunds | 4 | (280) | 996 |
| Reconciliationoffunds: | |||
| Totalfundsbroughtforwardat | |||
| 31August2023 | 996 | ||
| Totalfundscarriedforwardat | |||
| 31August2024 | 716 | 996 |
| 31 | 31 | 31 | 31 | ||
|---|---|---|---|---|---|
| August | August | August | August | ||
| 2024 | 2024 | 2023 | 2023 | ||
| Notes | £'000 | £'000 | £'000 | £'000 | |
| Fixedassets | |||||
| Tangibleassets | 8 | 23 | |||
| Currentassets | |||||
| Debtors | 9 | 309 | 1,181 | ||
| Cashatbankandinhand | 578 | 425 | |||
| 887 | 1,606 | ||||
| Liabilities | |||||
| Creditors:amountsfallingdue | |||||
| withinoneyear | 10 | (194) | (610) | ||
| Netcurrentassets | 693 | 996 | |||
| Totalnetassets | 716 | 996 | |||
| Thefundsofthecharity | |||||
| Incomefunds | |||||
| Unrestrictedfunds | |||||
| .Tangiblefixedassetsfund | 11 | 23 | |||
| .Generalfund | 11 | 693 | 996 | ||
| 716 | 996 |
| Year | 13June | ||
|---|---|---|---|
| ended | 2022to31 | ||
| 31August | August | ||
| 2024 | 2023 | ||
| Notes | £'000 | £'000 | |
| Cashflowsfromoperatingactivities: | |||
| Netcashprovidedby/(usedin)operatingactivities | A | 181 | (71) |
| Cashflowsfrominvestingactivities: | |||
| Purchaseoftangiblefixedassets | (28) | ||
| Netcashusedininvestingactivities | (28) | ||
| Changeincashandcashequivalentsintheyear | 153 | (71) | |
| CashtransferredfromAbsoluteReturnforKids | |||
| (ArkUKProgrammes) | 12 | - | 496 |
| Cashandcashequivalentsat31August2023 | B | 425 | |
| Cashandcashequivalentsat31August2024 | B | 578 | 425 |
| A | Reconciliationofnet(expenditure)/incometonetcash activities |
flowsfrom | operating |
|---|---|---|---|
| 13June | |||
| Year | 2022to31 | ||
| ended | August | ||
| 31August | 2023 | ||
| 2024 | £'000 | ||
| £'000 | £'000 | ||
| Net(expenditure)/incomeinfunds(asperthestatementoffinancial | (280) | ||
| activities) | 996 | ||
| Adjustmentsfor: | |||
| Depreciationcharge | 5 | ||
| TransferfromAbsoluteReturnforKids(Ark) | - | (496) | |
| Decrease/(increase)indebtors | 872 | (1,181) | |
| (Decrease)/increaseincreditors | (416) | 610 | |
| Netcashprovidedby/(usedin)operatingactivities | 181 | (71) | |
| B | Analysisofcashandcashequivalents | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Cashatbankandinhand | 578 | 425 |
| Incomefromdonations | ||
|---|---|---|
| Unrestricted | funds | |
| Year | 13June | |
| ended | 2022to | |
| 31August | 31August | |
| 2024 | 2023 | |
| £'000 | £'000 | |
| GrantsfromUBSOptimusFoundation | 3,386 | 1,182 |
| Othergrantsreceivable | 3 | 1,300 |
| 3,389 | 2,482 |
| Unrestricted | funds | |
|---|---|---|
| Year | 13June | |
| ended | 2022to | |
| 31August | 31August | |
| 2024 | 2023 | |
| £'000 | £'000 | |
| ImplementingMathsCircles | 2,359 | 917 |
| GrantspayabletopartnerstodeliverMathsCircles | 980 | 845 |
| Grantspayabletopartnersdeliverotherprojects | 255 | 128 |
| Supportcosts(note3) | 76 | 92 |
| 3,669 | 1,982 |
| Supportcosts | ||
|---|---|---|
| Unrestricted | funds | |
| Year | 13June | |
| ended | 2022to | |
| 31August | 31August | |
| 2024 | 2023 | |
| £'000 | £'000 | |
| Finance | 27 | 23 |
| HR | 7 | 13 |
| Governance | 15 | 16 |
| Otheroverheadsandsupportstaff | 26 | 40 |
| 76 | 92 |
| Year | 13June | |
|---|---|---|
| ended | 2022to | |
| 31August | 31August | |
| 2024 | 2023 | |
| £'000 | £'000 | |
| Staffcosts(note5) | 1,333 | 527 |
| Auditor'sremuneration | ||
| .Auditfee | 14 | 13 |
| .Otherservices | 2 | 2 |
| Staffcosts | ||
|---|---|---|
| Year | 13June | |
| ended | 2022to | |
| 31August | 31August | |
| 2024 | 2023 | |
| £'000 | £'000 | |
| Wagesandsalaries | 1,086 | 435 |
| Socialsecuritycosts | 124 | 48 |
| Pensioncosts | 123 | 44 |
| 1,333 | 527 |
| Thenumberofemployeeswhoseemolum actualemolumentsaccruedinthereporting |
entsfellwithinthefollowingbands period)was: |
(basedon |
|---|---|---|
| Year | 13June | |
| ended | 2022to | |
| 31August | 31August | |
| 2024 | 2023 | |
| No | No | |
| £60,001-£70,000 | 3 | |
| £140,001-£150,000 | 1 |
| Computer | 2024 | |
|---|---|---|
| equipment | Total | |
| £'000 | £'000 | |
| Cost | ||
| At1September2023 | ||
| Additions | 28 | 28 |
| At31August2024 | 28 | 28 |
| Depreciation | ||
| At1September2023 | ||
| Chargefortheyear | 5 | 5 |
| At31August2024 | 5 | 5 |
| Netbookvalues | ||
| At31August2024 | 23 | 23 |
| At31August2023 |
| Debtors | ||
|---|---|---|
| 31August | 31August | |
| 2024 | 2023 | |
| £'000 | £'000 | |
| Grantsreceivable | 840 | |
| AmountsowedfromArkUKProgrammes(note6) | 13 | |
| Grantsawardedforapplicationinfutureyears | 302 | 328 |
| OtherDebtors | 7 | |
| 309 | 1,181 |
| Creditors:amountsfallingduewithinoneyear | ||
|---|---|---|
| 31August | 31August | |
| 2024 | 2023 | |
| £'000 | £'000 | |
| Tradecreditors | 21 | 55 |
| Grantspayable | 129 | 197 |
| Accruals | 4 | 153 |
| Taxationandsocialsecurity | 40 | 21 |
| AmountsowedtoArk(note6) | 154 | |
| AmountsowedtoArkUKProgrammes(note6) | 16 | |
| Othercreditors | 14 | |
| 194 | 610 |
| Analysisofnetassetsbetweenfunds | |||
|---|---|---|---|
| Unrestrictedfunds | |||
| Tangible | |||
| General | fixedasset | Total | |
| fund | funds | 2024 | |
| £'000 | £'000 | £'000 | |
| Fundbalancesat31August2024arerepresentedby: | |||
| Fixedassets | 23 | 23 | |
| Debtors | 309 | 309 | |
| Cashatbankandinhand | 578 | 578 | |
| Creditors:amountsfallingduewithinayear | (194) | (194) | |
| 693 | 23 | 716 | |
| Unrestrictedfunds | |||
| Tangible | |||
| General | fixedasset | Total | |
| funds | funds | 2023 | |
| £'000 | £'000 | £'000 | |
| Fundbalancesat31August2023arerepresentedby: | |||
| Debtors | 1,181 | 1,181 | |
| Cashatbankandinhand | 425 | 425 | |
| Creditors:amountsfallingduewithinayear | (610) | (610) | |
| 996 | 996 |
| £'000 | |
|---|---|
| Currentassets | 695 |
| Creditors:amountsfallingduewithinoneyear | (199) |
| TotalnetassetsreceivablefromArkUKProgrammes | 496 |
| 13June | ||||
|---|---|---|---|---|
| 2022to | ||||
| Unrestricted | Restricted | 31August | ||
| funds | funds | 2023 | ||
| Notes | £'000 | £'000 | £'000 | |
| Incomefrom: | ||||
| Donations | 1 | 2,482 |
2,482 | |
| 2,482 | 2,482 | |||
| TransferfromAbsoluteRetumforKids(ArkUK | ||||
| Programmes) | 12 | 496 | 496 | |
| Totalincome | 2,978 | 2,978 | ||
| Expenditureon: | ||||
| Charitableactivities | 2 | 1,982 | 1,982 | |
| Totalexpenditure | 1,982 | 1,982 | ||
| Netincomeandnetmovementinfunds | 4 | 996 | 996 | |
| Reconciliationoffunds: | ||||
| Totalfundsbroughtforwardat13June2022 | ||||
| Totalfundscarriedforwardat31August2023 | 996 | 996 |