REGISTERED NUMBER: 01643480 (England and Wales) CHARITY REGISTRATION NUMBER 285160 **Annual Report and Financial Statements for the Year Ended 31st May 2025** **for** ## **EURASIA EDUCATION FOUNDATION** (A company limited by guarantee) ## **EURASIA EDUCATION FOUNDATION** **Contents of the Financial Statements For the Year Ended 31st May 2025** ||**Page**| |---|---| |**Reference and administrative details**|1| |**Trustees' report**|2| |**Independent Examiner's report to the trustees**|5| |**Statement of financial activities for the year ended 31st May 2025**|6| |**Balance sheet as at 31st May 2025**|7| |**Notes to the financial statements for the year ended 31st May 2025**|8| ## **EURASIA EDUCATION FOUNDATION** ## **Company Information For the Year Ended 31st May 2025** **TRUSTEES** Ronald George Nancy George June Gibson Robson Lopes Rosemary James **TREASURER** Ronald George Nancy George **CHAIRPERSON** Rosemary James **SECRETARY** Ronald George **PRINCIPAL OFFICE** Golzar Green Lane Crowborough East Sussex TN6 2DE The charity is incorporated in England and Wales **COMPANY REGISTRATION NUMBER** 01643480 **CHARITY REGISTRATION NUMBER** 285160 **BANKERS** Lloyds Bank Plc Blackheath London 25 Gresham Street London EC2V 7HN **INDEPENDENT EXAMINER** Abi Aiyegbayo ACMA, CGMA Bimtex Accounting Ltd The Hive 19 Stone Street Cranbrook Kent TN17 3HF The notes form part of these financial statements Page 1 ## **EURASIA EDUCATION FOUNDATION** ## **Trustee's Report For the Year Ended 31st May 2025** The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31st May 2025. ## **OBJECTS AND ACTIVITIES** ## **Objects and aims** The purposes of the charity are to advance the Christian faith by empowering Central Eurasian nationals and to relieve poverty in that region of the world. Our aim is to support the work of Divitia University (DGU) in Moldova by raising funds, finding sponsors for and teaching several times in the year as well as introducing new teachers to the school's staff and students. We also make studies available to other similar institutions anywhere in Asia, Africa and elsewhere. Occasionally we help peoples from Eurasia who are under persecution financially because of their faith and work. We run seminars for local churches and study groups to help them understand the history, beliefs and practice of Islam and its many and various forms. We aim to help Muslims and Christians gain a better understanding of each other. The translation of books by Don McCurry is underway with a grant from him and others. ## **Public Benefit** The objectives and activities undertaken by the charity are set with the public benefit in mind. The trustees confirm that they have complied with the· requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. ## **Achievements and performance** The Eurasia Education Foundation (EEF) is committed to fostering theological and educational development across Eurasia, with a special focus on Central Asia. Our work local leaders, and developing partnerships to support the indigenous church. This year has been marked by both deep sorrow and significant progress. We mourned the loss of one of our key team members, while advancing in our mission to equip leaders through publications, partnerships, and global collaboration. With great sadness, we record the sudden death of Mark Aldrich, our Chief Grant Writer, in June 2024. Mark's tireless work in resourcing the Foundation over the years cannot be overstated. His passing created a profound gap in both our funding efforts and the daily encouragement he brought to the team. His legacy remains in the many grants he helped secure and, in the vision, he shared felt for a better-resourced, better-equipped church in Eurasia. The impact of his death was deeply felt in our fundraising capacity this year, with several proposals left incomplete and potential partnerships delayed. Plans are underway to honor his memory through the establishment of the Mark Aldrich Memorial Fund to support future grant-writing and scholarship efforts. The notes form part of these financial statements Page 2 ## **EURASIA EDUCATION FOUNDATION** ## **Trustee's Report For the Year Ended 31st May 2025** Despite the challenges, EEF made steady progress in our core ministry of translation: • Four new titles were translated into Uzbek, expanding our growing library of contextual theology and discipleship materials for the Uzbek-speaking church. It was Chris Wright’s book “ The Old Testament in Seven Sentences” • We launched new translation projects into Dari and Russian, with three works currently in progress in each language. “Stepping Stones” by Don McCurry was published in Macedonian. This led to distribution teams in Macedonia and Germany where several communities of Macedonian Muslims Gypsies live with a view of establish study groups and new churches. • The Foundation remains committed to producing high-quality, relevant theological materials that reflect local culture and realities, particularly in areas relating to Islam, missions, and social ethics. • To assist in this approach papers were produced on various theological insights into crow cultural studies. Chief amongst them being “The Unknown Christ” • A seminar on Muslim Christian relationships was held at All Saints church in Crowborough We are delighted to announce the appointment of Ana Lopes as Series Editor for our literary and theological publications. Ana brings deep editorial experience and cultural sensitivity to the role. She is currently overseeing our new series of books exploring: - The religious and philosophical thought of Leo Tolstoy - Reinterpretations of classic tales such as Nasr al-Din stories through a theological lens • Contextual Islamic-Christian theological works aimed at leaders in the global South Ana’s leadership ensures consistency, theological depth, and cultural accessibility across our publications. A local Ukrainian lady joined us for office work and she proved very able in organisation, checking Russian drafts and tracking translation work through to organising the library. Plans are underway for Farid, one of our leading regional coordinators, to visit the United Kingdom in 2025. The aim is to: - Deepen our UK-based partnerships - Provide first-hand reports on field progress - Participate in theological forums and training events. - All translators and supporters have been invited to join the EEF Partnership network to facilitates new projects. This visit will be instrumental in bridging the work being done in Eurasia with our broader donor and academic community in the UK. We continued supporting widows and children in Afghanistan monthly as requested by the diffractor of Afghanistan to known needs. One man and his mother fled to Iran after severe beating causing him to lose an eye. He still needs care and attention. Two leaders were murdered for running schools for girls. The loss of Mark, the increased needs in Afghanistan, vital translation work and the raising. general economic climate ran our resources down but also prompted fresh approaches to fund The coming year will focus on: - Rebuilding our grant-writing team, with training for new personnel to continue Mark Aldrich’s essential legacy. - Publishing additional titles in Dari, Uzbek, and Russian. - Expanding our digital library for easier access across remote regions. - Strengthening our network of regional and international partners, especially in theological education and contextual mission. We are deeply grateful to all our donors, trustees, volunteers, and partners. Their generosity and faithfulness sustain the mission of EEF. We continue to ask for your prayers and support as we navigate this time of loss, transition, and opportunity. The notes form part of these financial statements Page 3 **EURASIA EDUCATION FOUNDATION** ## **Trustee's Report For the Year Ended 31st May 2025** ## **Financial review** As with previous years, grants have been sent to the DGU to support its work. The purpose of the charity is to raise funds primarily for Divitia Gratiae University (DGU) in Moldova. Support for the college were adopted by ASIA LINK so our efforts focussed on DGU graduates in Uzbekistan and Kirghizia. Extra funds were raised for helping the influx of Ukrainian refugees. Funds to Romania closed off this year. ## **Policy on reserves** The charity does not currently have any employees and therefore the financial commitments are low. Therefore, the trustees do not feel it necessary to maintain a reserve at present. ## **Principal funding sources** Approximately 335 grant applications have been made and some have been successful. ## **Structure, governance and management** ## **Nature of governing document** Eurasia Education Foundation is a company limited by guarantee governed by its Memorandum and Articles of Association dated 15 June 1982. It is registered with the Charity Commission. ## **Recruitment and appointment of trustees** The CEO meets or searches out new trustees from the public, informs the Board of Trustees who then meet and interview the prospective member. ## **Induction and training of trustees** A programme of induction and training into the work of the charity takes place once discussions with the Trustees have been concluded. Trustees must agree with the philosophy of the charity In ministry terms as well as supporting the CEO. ## **Arrangements for setting key management personnel remuneration** The key management personnel of the charity are all Trustees. The Trustees receive no remuneration for their input to the charity. ## **Organisational structure** The Chief Executive Officer coordinates the work of the charity. He may delegate tasks to other Trustees or volunteers but remains responsible for them. The appointment to any role, whether as an employee or a volunteer, is approved by the Trustees. The notes form part of these financial statements Page 4 ## ## ## ## ## ## ## ## ## ## **EURASIA EDUCATION FOUNDATION** ## **Independent Examiner's Report For the Year Ended 31st May 2025** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2025 ## **Responsibilities and basis of report** As the charity's trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act"). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 14S(S)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that: - accounting records were not kept in accordance with section 386 of the Companies Act 2006; or - the accounts do not accord with such records; or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered - as part of an independent examination; or the accounts have not been prepared in accordance with the Charities SORP (FRS102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. …...................................................... Abi Aiyegbayo ACMA, CGMA Bimtex Accounting Ltd The Hive 19 Stone Street Cranbrook Kent TN17 3HF 03-Oct-2025 …............................ Date The notes form part of these financial statements Page 6 **EURASIA EDUCATION FOUNDATION** **For the Year Ended 31st May 2025** ## **Statement of Financial Activities** |**Notes**
**Income and Endowments from:**
Donations and legacies
3
**TOTAL INCOME**
**EXPENDITURE ON:**
Raising funds
4
Charitable activities
5
**TOTAL EXPENDITURE**
**NET INCOME/(EXPENDITURE)**
NET MOVEMENT IN FUNDS
**RECONCILIATION OF FUNDS**
TOTAL FUNDS BROUGHT FORWARD
TRANSFER BETWEEN FUNDS
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted Restricted**
**Total**
**Total**
**funds**
**funds**
**2025**
**2024**
53,647
16,945
70,592
77,465| |---|---| ||53,647
16,945
70,592
77,465| ||23,047
60,458
83,505
64,415
0
0| ||23,047
60,458
83,505
64,415| ||| ||30,600
-43,513
-12,913
13,050| ||3,909
15,566
19,475
6,425
0
0| ||34,509
-27,947
6,562
19,475| The notes form part of these financial statements Page 7 **EURASIA EDUCATION FOUNDATION** |**Balance Sheet**
**As at 31st May 2025**
Notes
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Debtors
12
Cash in Hand
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
**NET ASSETS**
**CAPITAL AND RESERVES**
Restricted funds
Unrestricted funds
**SHAREHOLDERS'S FUNDS**
14|31.05.25
_£_
385
784
5,838
6,622
445
6,177
6,562
0
6,562
-27,947
34,509
6,562|31.05.24
_£_
0
0
21,626| |---|---|---| |||21,626
2,151| |||19,475| |||19,475
0| |||19,475| |||15,566
3,909| |||19,475| The notes form part of these financial statements Page 8 ## **EURASIA ED{CATION FOU:DATI0:"1** ## **Balance Sheet** ## **As at 31st May 2025** For the year ended 31st \1ay 2025 the charity was emit led to exemption from audit under section 477 of the Companies Act 2006. ## Directors' responsibilities: - The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 4 76: and - The directors acknowledge their responsibilities for complying with the requirements of the Act with respel't to accounting records and the preparation of :1ccounts. These accounts ha\'c been prepared in accordance with the pro,·isions applicable to companies subject to small companies· regime. **----- Start of picture text -----**
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The notes forn1 part ol'thcse financial statements Page _9_ **EURASIA EDUCATION FOUNDATION** ## **Notes to the Accounts** ## **For the Year Ended 31st May 2025** ## 1 **CHARITY STATUS** The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The address of the registered office is - Golzar, Green Lane, Crowborough, TN6 2DE ## 2 **ACCOUNTING POLICIES** ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Pratice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2015) - (Charities SORP (FRS)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Charities Act 2011. ## **Basis of preparation** Eurasia Education Foundation meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. ## **Exemption from preparing a cash flow statement** The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. ## **Income and endowments** All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. The notes form part of these financial statements Page 10 **EURASIA EDUCATION FOUNDATION** ## **Notes to the Accounts** ## **For the Year Ended 31st May 2025** ## **2 Accounting policies (continued)** ## **Donations and legacies** Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions willbe fulfilled in the reporting period. Legacy gifts are recognised on a case by case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity. ## **Raising funds** These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. ## **Charitable activities** Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Grant expenditure** Grants to individuals and institutions are made to fulfil the objectives of the charity. Grants are committed when funds are available. ## **Grant provisions** Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. ## **Support costs** Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. ## **Governance costs** These include the costs attributable to the Charity's compliance with constitutional and statutory requirements, including independent examination, strategic management and Trustee's meetings and reimbursed expenses. ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Tangible fixed assets** Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ## **Depreciation and amortisation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: ## **Asset class** Office equipment Depreciation method and rate 33% straight line The notes form part of these financial statements Page 11 **EURASIA EDUCATION FOUNDATION** ## **Notes to the Accounts** ## **For the Year Ended 31st May 2025** ## **2 Accounting policies (continued)** ## **Trade debtors** Trade debtors are amounts due from customers for merchandise sold or services performed In the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised costusing the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and are subject to an insignificant risk of change in value. ## **Trade creditors** Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an untonditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. ## **Fund structure** Unrestricted Income funds are general funds that are available for use at the trustees; discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. ## **Financial instruments** Classification Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity Instrument ls any contract that evidences a residual Interest in the assets of the charity after deducting all of its liabilities. ## **Recognition and measurement** All financial assets and liabilities are initially measured at transaction price (including those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which transaction costs), except for is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset In the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. The notes form part of these financial statements Page 12 ## **EURASIA EDUCATION FOUNDATION** ## **Notes to the Accounts For the Year Ended 31st May 2025** ## **3 INCOME FROM DONATIONS AND LEGACIES** |**Note**
**Donations and legacies**
Donations from individuals
Gift aid reclaimed|**Unrestricted Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2025**
**2024**
53647
16945
70592
77168
0
0
297| |---|---| ||53647
16945
70592
77465| ## **4 EXPENDITURE ON RAISING FUNDS** |**Note**
Marketing and publicity
Other direct costs of generating
voluntary income|**Unrestricted Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2025**
**2024**
260
0
260
1694
0
0| |---|---| ||260
0
260
1694| ## **5 EXPENDITURE ON CHARITABLE ACTIVITIES** |**Note**
Empowering Central Asian Nationals
Travel
Grant funding of activities
Allocated support costs
**6**
Governance costs
**7**|**Unrestricted Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2025**
**2024**
131
0
131
844
4212
60458
64670
47172
3461
0
3461
7897
0
0
41| |---|---| ||7804
60458
68262
55954| ## **6 ANALYSIS OF GOVERNANCE AND SUPPORT COSTS** |**Note**
Basis of allocation
Office expenses
Translation costs
Finance costs|**Unrestricted Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2025**
**2024**
8540
0
8540
6693
5928
5928
0
515
0
515
74| |---|---| ||14983
0
14983
6767| The notes form part of these financial statements Page 13 ## **EURASIA EDUCATION FOUNDATION** ## **Notes to the Accounts** ## **For the Year Ended 31st May 2025** ## **7 NET INCOMING/OUTGOING RESOURCES** Net (outgoing)/incoming resources for the year include: |Independent examination|**2025**
275|**2024**
275| |---|---|---| ## **8 TRUSTEES REMUNERATION** During the year the charity made the following transactions with trustees: Mr Ronald George received remuneration of £nil (2024: £Nil) and £2133 (2024: £1526) of expenses were reimbursed to Mr Ronald George during the year. Ron George travels abroad on behalf of the charity. He is advanced money to pay for travel costs and to pay grants to individuals and institutions whilst abroad. He also occasionally incurs support costs which are reimbursed to him. At the balance sheet date the amount due to Mr Ronald George was £nil (2024: £nil). No trustees have received any other benefits from the charity during the year. ## **9 TAXATION** The charity is a registered charity and is therefore exempt from taxation ## **10 TANGIBLE FIXED ASSETS** |**COST**
At 1st June 2024
Additions
At 31st May 2025
**DEPRECIATION**
At 1st June 2024
Charge for the year
At 31st May 2025
**NET BOOK VALUE**
**At 31st May 2025**
**NET BOOK VALUE**
**At 31st May 2024**|**Furniture &**
**Equipment**
437
575
1012
437
190
627
385
0|**Total**
437
575| |---|---|---| |||1012| |||437
190| |||627| |||| |||385| |||| |||0| The notes form part of these financial statements Page 14 ## **EURASIA EDUCATION FOUNDATION** ## **Notes to the Accounts** ## **For the Year Ended 31st May 2025** |**11**
**DEBTORS**
Other Debtors
**12**
**CREDITORS: AMOUNTS FALLING**
Trade creditors
Accruals|**2025**
**2024**
**£**
**£**
784
0
**DUE WITHIN ONE YEAR**
**2025**
**2024**
**£**
**£**
445
536
0
840
445
1376|**2024**
**£**
0| |---|---|---| |||1376| ## **13 FUNDS** |Unrestricted - General
Restricted fund
**Total funds**|**Balance**
**Incoming**
**Resources**
**Transfers**
**Balance**
**1st June 2024**
**resources**
**expended**
**31st May 2025**
3909
53647
23047
0
34509
15566
16945
60458
0
-27947| |---|---| ||19475
70592
83505
0
6562| ## **14 ANALYSIS OF NET ASSETS BETWEEN FUNDS** |Tangible fixed assets
Current assets
Current liabilites
Total net assets
**15**
**ANALYSIS OF NET FUNDS**
Cash at bank and in hand
**16**
**RELATED PARTY TRANSACTIONS**|**Unrestricted Restricted**
**Total**
**funds**
**funds**
**funds**
385
0
385
0
5838
5838
0
1093
1093| |---|---| ||385.25
4745
5130| ||**1st June**
**Cashflow**
**31st May**
**2024**
**2025**
21626
-4608
17018| ||| There were no related party transactions in the year other than those mentioned in note 8. The notes form part of these financial statements Page 15