Charlty numb•r. 1199552
THE IOE FOUNDATION
UNAUDrrED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

THE IOE FOUNDATION
CONTENTS
Page
Referenc• and admlnlstratlve detalls of the Charlty, Its Trnstees and •dvl$eYy
Trustees, report
Ind•￿ndent examlnerfs report
Stat8m•nt of flnanclal actlvltles
Balanco $hoet
14otes to the fln•ncl•l stst•m•nts
8-11

THE IOE FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARirY. rrs TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 JUNE 2025
Trustses
H Landau, Chair
C Ruslomji {resigned 7 March 20251
V D Mcwilliam
P E Aitchison
A G Gib50n {appoinled 21 January 2025}
Charlty rnglst•rod number
1199552
Prfnclpal office
Export House, Minerva 8u8iness Park. L￿ch w￿1, Peterl)orough. PE2 6FT
Accountsnts
Century House, The Lakes. Northampton. NN4 7HD
Page 1

THE IOE FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 JUNE 2025
The Trustees present their annual report together with the financTal statements of the The IOE Foundation for the
1 July 2024 10 30 June 2025. The Twslees corffirm that the Annual report and ffnancial stslemenls of the Charity
comply th the current 5tatuiory requirements. the requirements of the chartys goveming document and the
prowsions of the Statement of Recommended Practice {SORPI 'Accountirg and Reporting by Charities"
applicable to eharities preparing their accounts in accordance with the Financial Reporting Standard appli￿ble in
the UK and Republlc of Ireland {FRS1021 {effective 1 January 20191.
Oblgctlves and adlvltl•B
a. Constltutlon
The IOE Foundation, a Chafltable Incorporated Organisation, was rogister8d as • foundation CIO on 5 July
2022.
b. ObJe¢tlveJ
The IOE Foundation 18 a grant-maker which focu8es its ￿rk in the folltr•Mng areas.,
1. The advancement of education of young people in Export and Intemational Traile wthin the ages of 1&25
years in the UK.
2. The provision of financial grants which 8Ltpport ed￿tIon in￿atIveS at schools. colleges and unr¥ersthes.
3. Working in partnership with liktrmlnded charities.
¢. Maln actlvltles undertaken to further the Charlty's purposes for th• publlc b•n•fft
The Trustees have considered the Charity Commission's requirement in respect of Public 8enefiL In their v78w
thé Charity meets, in full, the crf(er*a lo satisfy the lest. In particular, in planning ftrture actilthies of the
organisation, the Trustees considor how planned activities will contribute lo the aims and obiedves they have
sel.
AchI￿eMents and performan¢¢
a. Revlew of actlvltles
The Cherity has forged successful partnefships ¥￿th Young Enterprise Ich8rrty number 31369n and Scottish
Edge (charity number SC0035581. A separate Agreement has additionally been reached wth Young Enterprise
Northern Iroland.
The Charity is awarding ils Certificate of High Achievement lo participants undertaking the IOE & IT
examinations at Levels 3, 4 and 5 and passing with 8 Dists'nction.
A number of contacls have been made vthh other Charities in the UK with ￿0M il is experted to work in the
future.
Page 2

THE IOE FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2026
Flnanclal rnvlew
a. Golng cOn￿M
After making appropriate enquiries, the Trustees hove o reasonable expectalion that the Charity has adequate
resources lo continue in operational extslence for the foreseeable future. For this reason. they continue lo adopt
the going wn¢em basis in pr8pariThJ the financial $tslements. Further dgtsrfs regarding the adopts'on of the going
COn￿M basis can be found in the accounting policies.
b. R￿erveS pollcy
The Trusleos set a reserves policy annually. and the current policy remains that we will hold a minimum of three
months, wnning costs plus liabilits"es. This is to allow any potents'al wnding up of the organisation to go ahead,
and is in line wth recommendations from the Charity Commission. The Charity has total funds at the year end of
£73,772 {2024- £77.1991.
c. Prlnclpal fundlng
During thè year the principal funding related lo a donation is from Ttte Chartered Inst￿￿te of Export and
Intemational Trade {Royal Charter Company No. RC000937. Charity No. 1206688)..
Structure, governance and management
a. Methods of appolntment or electlon of Trt￿lee￿
The management of the Charty is the re$￿sibIlIty of lh8 Trustees are elected under the temis of tho
Charitys ConstitLrtion.
b. Pollcl¢s adop¢•d forlhe Inductlon and tralnlng of Trust￿9
Trustees are recruited ￿th a view to their experience and skills. Potential Trustees are encouraged to attend a
meeting of the Board of Tfuslees to learn more about the work of the Charity and the role of a Twstee. A new
Trustees, induction $es$ion is offered to all neI￿Y elected Trustees. Training is provided as necessary to all
Trustees.
Trustees have a range of qualrfications and skills. as well 88 a range of experience in the voluntary. ststutory aTh
prrvate sectors.
There musl be 81 least three Charity Trustees. If the number falls bel¢)w thls mlnimum, the remaining Trustee or
Trustees may act only lo call a meeting of the Charlty Trustees or appolnl a new Charity Trustee. The maximum
number of Charity Trustees is 12. The Charity Trustees may not appoint any Charity Twstee if os a result the
number of charity Trustees would exceed the maximum.
Apart from the first Charity Trustees. every Trustee must be appolnted for a temi of three years by a resolution
pa8S8d at a propety convened meeting of the Cha￿ty Trustees.
c. Flnan¢lal rfsk managemont
The Trustees have assessed the major risks to vthich the Charity is exposed. in partirjjlar those related lo the
operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks.
Page 3

THE IOE FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2025
Structure, govemance and management (¢ontlnued)
d. Organlsatlonal Structure and declslon maklng
The charity Is governed by a Board of Trustees. thich is responsible for rts effective management and future
evelopmenl.
Plans for future perlods
The Charty intends lo continue lo work bwth key partmr organisations whith deliver the Chartys desired
outcomes and whose impact c8n be measured.
ststement of Truste8s' rnsponslbllltlos
The Trustees are responsible for preparing the Trustees, report and the financial statements in ?￿?rdano vAth
applic8ble law and United Kingdom Accounting Standards Iunlted Klngdom Generalty Accepted Accounting
Practice).
The law applicable lo tharities in England & Wales requires the Trustees lo prepare financial statements for
each financial which give a true and fair view of the stste of affairs of the Charity and of ils incoming resources
and application of resources. induding its income and expenditure, that period. In preparing these financkql
5ts1ements. the Trustees are required to..
select sUrta￿e &counting pdicies aThJ then appty them ￿nsiStenI1￿.
obseNe the methods and principles of the Charities SORP {FRS 1021"
make judgments and accounting estimates that are reasonable and pnjdent.,
stste whether applicable UK Accounting Stsndards {FRS 102) have been followed. 8ubject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concem basis unless it Is Inappropriate to presume that the
Charity wll continue in business.
The Trustee8 are responsible for keeplng adequate accounting records that are suffi￿ent to show aThJ explain
the Charivs transactions and disclose wth reasonable accuracy al any time the financial position of the Charity
and enable them to ensure that the financial statements compty wlh the Charities Ad 2011, the Chanty
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for tsking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of I
rnembers of the board of Trustee5 and signed on their behaw by.
M H Landau
Chair
Date. g£/ii12J
Page 4

THE IOE FOUNDAnON
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 JUNE 2026
Independent •xamlnerfs report to the Trust•es of The IOE Foundatlon (Yhe Charfty'l
I report to the charity Trustees on my examination of the arKourts of thè Charity for the year ended 30 June
2025.
Responslbllitles and basls of report
As the Trustees of the Charity you are responslble for the preparation of the accounts in accordance wilh the
requirements of the Ch8r6ties Act 2011 {Ihe 2011 Acf).
I report in respecl of my examination of Ihe Charitys accounts carried OLrt under section 145 of the 2011 Acl and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 145(5}Ib} of the 2011 ACL
Indep•ndont oxamlngrfs slatoment
Your attention is drawn to the fact that the Charity ha$ prepared the accounts In accordance with Accounting and
Reporting by Charitses.. Statement of Recommended Practice applicable lo charlt6es preparing their account5 in
accordance wth the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 in
preference to the Accounting and Reporbng by Charib'es.. Statement of Recommended Practice issued on 1 April
2005 vknich is refetred to in the extant regulations but has been V￿thdrawn.
l urthrsland that thls has been d¢)ne in order for the accounts lo pro￿de a true and fair view in accordance vAth
the Gener81ty Accepted Accounting Practlce effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confim) that no matters have come lo my attention in connectlon V￿th the
examination giving me cause to believe that in any material respecL"
accounting Tecords wore ry)t kept in respect of the Charity as required by section 130 of the 2011 Act., or
the a¢￿UnIS do not accord Y￿th those re￿rds. or
the accounts do not compty with the applicable reqU1￿ments conceming the form and content of
accounts Sel otrt In the Charities {Aecounts and Report81 RegulatSon8 2006 other than any requirement
that the accounts give a 'true and fairf view whlch is not 8 matter considered as part of an independent
examinakn"on.
I have no concems and have come across no other matters in connoction wth the examination to which
attention should be drawn in this report in orderto enable a proper understanding of the a¢counls lo be reached.
Signed..
Rebecca Hughes 8Sc IHons} FCCA
MHA
Chartered A¢countsnts
Northampton, United Kingdom
Dated.. 0411212025
Pagè S

THE IOE FOUIIDATION
STATEMENT OF FINANCIAL ACTMTIES
FOR THE YEAR ENDED 30 JUNE 2025
Unrestrlctod
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Donations and legacies
50,000
60,000
50,000
Total Income
50,000
50,000
50,000
Expendlturo on:
Raising funds
Charitable aCtiv￿e5
2.786
20.000
62.079
52,079
Total èxpendltur•
63,427
53,427
22.786
Net movement In funds
13A27)
(3N271
27.214
Reconclllatlon of funds:
Total fvnds brought forward
Net movement in funds
77,199
{3,427)
77,199
13.4271
49,985
27,214
Total fund8 caffled fornard
73,T12
73.772
77,199
The Statement of financial activitres indudes all gains and losses recognised in the year.
The notes on pages 8 to 11 form part of theso financial ststements.
Page 6

THE IOE FOUNDATION
BALANCE SHEET
AS AT 30 JUNE 2025
2026
2024
No¢•
Flxed assets
Current Issets
Cash at bank and in hand
94.708
99,719
94,708
99,719
Current Ilabllltles
Creditors.. amounts falling due wlhin one
year
(20.936)
{22,5201
N•¢ ¢urr•nt assets
73.772
77.199
Totsl net assets
73,772
77.199
Charlty fvnds
Restricted funds
Unrestricted funds
73.772
77.199
Totsl fund•
73,772
77.199
The financlal statements were approved and authorised for issue by the Trustees and signed on their behalf by..
.M H Landa
Chair
Date.. 2Cfiill5
The notes on pages 8 to 11 fom part of these financial statements.
Page 7

THE IOE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
A¢¢ountlng polklos
1.1 Ba$Es of proparntlon of flnanclal statements
The financial statements have been p￿pared in accordance wth the Charibes SORP IFRS 1021-
Accounting and Reporting by Chariues". Statement of Recommended Practice applicable to charitios
preparing their accounts in accordance the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 1021 leffective 1 January 20191, the Finarrial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charilies Act 2011.
The IOE Foundation meets the defin¢tlon of a public benefit entity under FRS 102. Assets and
liabilities are initsally recognised at historical cosl or transaction value unless olhemse stsled in the
relevanl accounting policy.
1.2 Golng concern
The Tnjstees have conciuded that there are no material uncertainti85 aboLrt the Trusts ability lo
continue as a going concem and that they can continue to adopt the going concem basis in preparing
the annual report and accounts.
1.3 Income
All i1￿me is recognised once the Charity has entiuement to the in￿me, it 1$ probable that the
income will be received and the amount of income receivable can be me8sured rellabty.
1A Expendlturn
Exponditure is rewnised once there is a legal or constructive obligation to transfer economic benefit
to a third paty. il is probable that a Ir8nsfer of economic benefits wll be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classffied by activty. The costs
of each aciivity are made up of the totsl of direct costs and shared costs, including support costs
involved in undertaking each actmty. Direct costs attributable to a single adivty are allocated direcuy
to that acbvity. Shared costs vthich contribute lo more than one acliwty and support costs which are
not attributable lo a single actiwty are apportioned bets•￿en those actiwties on a basis consistent with
the use of resources. Central staff costs are allocated on the ba$is of time spent, and depre¢iation
charges allocated on the portion of the asseys use.
Expenditure on raising funds includes all expenditure incurred by the Charrty to raise fvn¢Js for its
charitable PUTposes and indudes costs of all fundraising aCtThI￿e$ events and non-charitsble tratjing.
Expenditure on chafitable activities is incurred on tJirecYy undertaking the activrbeg ￿lch further thg
Charitys objectives, as well as any associated support costs.
Grants payable are charged in the year %then the offer 1$ made except in those cases where the offer
is condits'onal. such grants being recognised as expendrture vknen the conditions attaching are
fulfilled. Grants offered subject lo conditions which have not been met at the year end ar8 noted as a
commitment, bul nol accrued as expendilure.
JI expenditure is inclusive of irrecoverable VAT.
Page 8

THE IOE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2026
Accountlng pollclos {contlnued}
1.5 Cash at bank and In hand
Cash at bank and in hand indudes cash and Short-term highly liquid investrnents with 8 short maturity
of three months or le$$ from the date of awuisition or opening of the deposit or similar account.
1.6 Ll•bllltles and provblons
Liabilities are recognised vthen there is an obligation at the Balan￿ sheet date as a result of a past
event. it is probable that a transfer of economic benerrt will be required in settlement. and the amount
of the setuement can be estimated reliatly.
Liabilities are recognised at the amount that the Charity anticipates il will pay to settle the debt or thg
amount il ha5 received as advanGed payments foi the g¢)o(Is or seNces il must prov4de.
Provisions are measured at the b8St estimate of the amounts required lo settle the obligation. Where
the effect of the time value of mongy is material, the provision is based on the present value of those
amounts, discounted at the pre-tsx discount rate that reflects the risks specffic to the liability. The
unwinding of the discount is reGognised in the Statement of financial activities as a finance cosL
1.7 Fund accountlng
General funds are unrestricted funds which are available for use al the discretion of the Trustees in
furtherance of the general objecttve5 of the Charty and vthich have not been designated for other
purposes.
Income from donatlons and logacl•$
Unrestrlcted
funds
2025
Total
funds
2025
Total
funds
2024
DonationB
50.000
so.000
50,000
Page 9

THE IOE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Anatysl$ of ex￿ndItUrn by actlvltles
Actlvltle$
und•rtakgn
dlrectly
2025
Grant
fundlng of
•ctlvttlos
2025
Total
funds
202S
Total
funds
2024
Direct C081s
Young Enterpr18e Avtard
Sponsorship Of￿ IMpO￿EXpOrt sh¢)w
4,404
38,875
10,800
36.876
lo￿00
20,000
Total 2025
4.404
47,675
52.079
20.000
Total 2024
20,000
20,000
Credltors: Amounts falllng due wlthln one year
2026
2024
Other creditors
Accruals and deferred income
18.895
2,041
21.200
1.320
20.936
22,520
Page 10

THE IOE FOUNDATION
NOTES TO THE FINANCIAL STATEPAENTS
FOR THE YEAR ENDED 30 JUNE 2025
Statemènt of funds
Statement of funds - current yHr
Balance at
30 June
2025
Balance at 1
Juty 2024
Income Expendlture
Unre8trfcted fvnd8
Reserves
77,199
153,42n
73,772
Statement of fvnds - prloryear
Balance at
30 June
2024
Balance at
1 Juty 2023
Income Expenditure
Unrestrlcted funds
General Funds- all funds
49,985
50,000
122,7861
77,199
An•tysl$ of net assets between funds
Analysls of nel assets botween fund8 - current year
Unrestrlcted
funds
2025
Total
funds
2025
Current assets
Cr8ditors due within one year
94,708
120,938}
94,708
120,936)
Tot•1
73,772
73,772
Page11