Charity registration number 1187834 (England and Wales)
Company registration number 11108035
AVANTI EDUCATION LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
AVANTI EDUCATION LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
K Butkovic
A Mihelic
(Appointed 12 December 2024)
K D Paun
Secretary
U Sahni
Charity number (England and Wales)
1187834
Company number
11108035
Registered office
21 Brinkburn Gardens
Edgware
HA8 5PL
Independent examiner
Jagdish Patel
Level 5a Maple House
149 Tottenham Court Road
London
W1T 7NF
AVANTI EDUCATION LIMITED
CONTENTS
Page
Trustees' report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 14
AVANTI EDUCATION LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 AUGUST 2025
- 1 -

The Trustees present their annual report and financial statements for the year ended 31 August 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the 's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

The objectives of the charity are:

(a) to advance education for the public benefit in the United Kingdom, and such other areas of the world as the trustees shall from time to time determine, in particular by; providing day care and learning-orientated activities for pre-school infants and children, including through the establishment of OFSTED registered pre-school centres/nurseries.

(b) supporting and promoting training in the area of childcare and education; and making grants of financial assistance to (i) help establish (and to support existing) OFSTED registered pre-school centres/nurseries and/or (ii) support and promote training in the area of child care and education.

The Charity had one Nursery setting open, as at the year ended 31 August 202 5, which has focused on outdoor learning spaces and activities.

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commissioner's general guidance on Public Benefit when reviewing the Charity's aim and objectives and in planning future activities. The trustees consider that the Charity's main aims are demonstrably to the public benefit.

Achievements and performance
Significant activities and achievements against objectives

Charitable activities

The charity initially had two sites operating, however due to the location and outdoor nature of one of the sites, finding suitably qualified and able staff became difficult. To minimise the financial impact of the overall project, operations were ceased at this site in 2022. Pupils were offered spaces at the other site as spaces were available and the management worked with the site owner to find suitable solution to continue the educational provision.

Overall, the Charity has had a good year, despite only operating from one site, with demand remaining strong. An Ofsted inspection was completed, in 2024, and returned a 'Good' rating which reflects the hard work the Nursery staff and support team have strived towards.

The charity looks forward to building upon this achievement and expanding education provisions for Pre-School Children.

Financial review

Financial position

The charity's affairs and activities for the period are presented in the financial statement set out on page 4 and the financial position at the end of the period is set out on page 5.

Going concern

We have adequate financial resources and have the structures in place to manage the business risks. In addition, our annual budgeting and forecasting processes have taken into consideration the current economic climate and its potential impact on both our various sources of income and expenditure.

The charity has net liabilities of £282,108 (202 4: £233,763), which are supported by long term loans. We have reasonable expectation that we have adequate resources and control mechanisms to continue in operational existence for the foreseeable future. Further, we believe that there are no material uncertainties that may cast doubt on the charity's ability to continue as a going concern.

AVANTI EDUCATION LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
Reserves policy

The Charity's reserve policy continues to be that of ensuring that the total unrestricted funds held within the general reserves are equal to three months of budgeted unrestricted expenditure, thus ensuring that the

organisation would be allowed to wind up its affairs efficiently if faced with financial difficulties. At the year

end, the charity had free reserves of £130 k (202 4: £190 k) for operating costs. The charity is being supported

by £410 k (202 4: £424 k) of long term loans.

Plans for future periods

The Charity's main aim in the next year is to expand its provisions for pre-school children in the UK.

Structure, governance and management

Avanti Education Limited is a charitable company limited by guarantee, incorporated on 12 December 2017. It became an UK registered charity on 10 February 2020, registration number 1187834. The charitable company's governing document is the Memorandum and Articles of Association as amended on 30 January 2020. It has a sole member, Avanti Foundation Limited, the parent company.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

K Butkovic
A Mihelic
(Appointed 12 December 2024)
K D Paun
S Gupta
(Resigned 12 December 2024)
Recruitment and appointment of trustees

Both new and existing trustees are voted on to the board, based on their experience and value add to the organisation. The Board of Trustees work together to make decisions in line with the charity's objectives. Both existing and potential trustees need to demonstrate understanding and ability to meet needs and demands of the organisation and are recommended and consented to the Board accordingly.

Day to day affairs are undertaken by a managing agent on behalf of the trustees. All major decisions are considered and undertaken by the trustees collaboratively. The trustees are unpaid and give their time freely. Any related party transactions are disclosed as applicable in the notes to the accounts.

The Trustees' r eport was approved by the Board of Trustees.

K D Paun
Trustee
12 June 2026
AVANTI EDUCATION LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF AVANTI EDUCATION LIMITED
- 3 -

I report to the Trustees on my examination of the financial statements of Avanti Education Limited (the ) for the year ended 31 August 2025.

Responsibilities and basis of report

As the Trustees of the (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the ’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the ’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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 financial statements to be reached.

Jagdish Patel
Level 5a Maple House
149 Tottenham Court Road
London
W1T 7NF
12 June 2026
AVANTI EDUCATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2025
- 4 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income from:
Donations and legacies
3
5,600
-
Charitable activities
4
454,201
391,689
Total income
459,801
391,689
Expenditure on:
Charitable activities
5
508,146
450,063
Total expenditure
508,146
450,063
Net expenditure and movement in funds
(48,345)
(58,374)
Reconciliation of funds:
Fund balances at 1 September 2024
(233,763)
(175,389)
Fund balances at 31 August 2025
(282,108)
(233,763)

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

AVANTI EDUCATION LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 5 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
11
6,063
4,984
Cash at bank and in hand
287,878
363,217
293,941
368,201
Creditors: amounts falling due within one year
13
(165,634)
(178,449)
Net current assets
128,307
189,752
Creditors: amounts falling due after more than one year
14
(410,415)
(423,515)
Net liabilities
(282,108)
(233,763)
The funds of the
Unrestricted funds
16
(282,108)
(233,763)
(282,108)
(233,763)

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 12 June 2026
K D Paun
Trustee
Company registration number 11108035 (England and Wales)
AVANTI EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
1
Accounting policies
Charity information

Avanti Education Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 21 Brinkburn Gardens, Edgware, HA8 5PL.

1.1
Basis of preparation

The financial statements have been prepared in accordance with the 's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The is a Public Benefit Entity as defined by FRS 102.

The has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

We have considered whether the financial statements should be prepared on a going concern basis. At the balance sheet date, the charity's liabilities exceeded its assets by £2 82,108 (202 4: £233,763).

At the time of approving the financial statements, the Trustees have a reasonable expectation that the has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. However, if for any reason, the parent company, bank and other individuals withdrew their support then this may impact on the charity's ability to continue as a going concern.

If the charity were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to restate the balance sheet values of assets to their recoverable amounts and to provide for any additional liabilities that might arise.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

AVANTI EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 7 -
1.4
Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Subscription income is recognised in the period for which the subscription relates to.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

- Costs of raising funds comprise of trading costs and the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.

- Expenditure on charitable activities includes the costs of delivering services, exhibitions and other educational activities undertaken to further the purposes of the charity and their associated support costs.

- Other expenditure represents those items not falling into any other heading.

- Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's activities. These costs have been allocated between the direct activities of the charity on the basis of staff time.

AVANTI EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 8 -
1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the 's balance sheet when the becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the ’s contractual obligations expire or are discharged or cancelled.

1.8
Retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

AVANTI EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 9 -
2
Critical accounting estimates and judgements

In the application of the ’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Grants
5,600
-
4
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Education
Enrolment and application fees
2,200
3,000
Nursery income
452,001
388,689
454,201
391,689
AVANTI EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 10 -
5
Expenditure on charitable activities
Education
Education
2025
2024
£
£
Direct costs
Staff costs
290,434
252,111
Rent, rates and water
45,393
45,184
Educational resources
47,458
44,440
Insurance
3,117
2,318
Light and heat
4,200
4,200
Telephone
1,098
1,160
Printing, postage and stationery
1,146
872
Advertising
9,874
13,885
Sundry expenses
-
999
Computer and software costs
181
2,494
Subscriptions
3,362
514
Staff training and recruitment
5,269
5,234
Interest payable and other charges
20,000
20,000
Head office recharges
30,000
30,000
Cleaning and waste disposal
16,852
12,872
Repairs and maintenance
9,399
8,982
487,783
445,265
Share of support and governance costs (see note 6)
Support
20,363
4,798
508,146
450,063
Analysis by fund
Unrestricted funds
508,146
450,063
6
Support costs allocated to activities
2025
2024
£
£
Legal and professional fees
18,663
2,962
Accountancy
1,700
1,836
20,363
4,798
Analysed between:
Education
20,363
4,798
AVANTI EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 11 -
7
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
1,700
1,836
8
Trustees

The key management personnel of the Charity comprise the trustees ("Directors" for the purposes of the Companies Act) and Senior Management Team. The total amounts paid in respect of the key management personnel of the Charity were £NIL (202 4: £NIL).

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the during the year.

No trustees were reimbursed any expenses in the year or the previous year.

9
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Education staff
9
9
Employment costs
2025
2024
£
£
Wages and salaries
262,561
231,438
Social security costs
24,083
17,856
Other pension costs
3,790
2,817
290,434
252,111
There were no employees whose annual remuneration was more than £60,000.
10
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

AVANTI EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 12 -
11
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,243
-
Prepayments and accrued income
4,820
4,984
6,063
4,984
12
Loans and overdrafts
2025
2024
£
£
Bank loans
11,236
31,100
Other loans
410,415
410,415
421,651
441,515
Payable within one year
11,236
18,000
Payable after one year
410,415
423,515
Amounts included above which fall due after five years:
Payable by instalments
-
(13,100)
Payable other than by instalments
(410,415)
(410,415)
(410,415)
(423,515)

The charitable company has a CIBIL loan with Barclays Bank of £11,236 (2024: £31,100). The loan is repayable over the period until 2025. The rate of interest applicable to the loan is 2.5%.

The charitable company has received loans from individuals and a company of £410,415 (2024: £410,415). The loans are repayable after 5 years, not by instalments. There is no rate of interest applicable to the loans.

13
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
12
11,236
18,000
Other taxation and social security
5,349
4,412
Trade creditors
7,277
13,530
Amounts owed to fellow group undertakings
18
18
Other creditors
20,212
15,420
Accruals and deferred income
121,542
127,069
165,634
178,449
AVANTI EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 13 -
14
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans
12
-
13,100
Other borrowings
410,415
410,415
410,415
423,515
15
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
3,790
2,817

The operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the in an independently administered fund.

16
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 September 2024
Incoming resources
Resources expended
At 31 August 2025
£
£
£
£
General funds
(233,763)
459,801
(508,146)
(282,108)
Previous year:
At 1 September 2023
Incoming resources
Resources expended
At 31 August 2024
£
£
£
£
General funds
(175,389)
391,689
(450,063)
(233,763)
AVANTI EDUCATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 14 -
17
Operating lease commitments
Lessee

At the reporting end date the had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
40,000
40,000
Between two and five years
130,000
160,000
In over five years
-
10,000
170,000
210,000
18
Related party transactions
Transactions with related parties

At the year end the charitable company owed £18 (2024: £18) to it's parent company, Avanti Foundation Limited.

The charitable company paid £30,000 (2024: £30,000) as management charges to it's parent company, Avanti Foundation Limited.

There were no other related party transactions for the year ended 31 August 2025.

Ultimate Controlling Party

The Ultimate Controlling Party is Avanti Foundation Limited.

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