**Charity registration number 1079863**
**Company registration number 03785459 (England and Wales)**
## **METRO WORLD CHILD UK**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **METRO WORLD CHILD UK**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|W Willson|
|---|---|
||A Paliama|
||S Gleue|
|**Secretary**|Adriaan Paliama|
|**Charity number**|1079863|
|**Company number**|03785459|
|**Principal address**|The Renewal Trust Business Centre|
||3 Hawksworth Street|
||Nottingham|
||NG3 2EG|
|**Registered office**|Ground Floor|
||1 - 7 Station Road|
||Crawley|
||West Sussex|
||RH10 1HT|
|**Independent examiner**|Darren Harding ACA FCCA DChA|
||Richard Place Dobson Services Limited|
||1-7 Station Road|
||Crawley|
||West Sussex|
||RH10 1HT|
## **METRO WORLD CHILD UK**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5 - 6|
|Balance sheet|7|
|Statement of cash flows|8|
|Notes to the financial statements|9 - 18|
## **METRO WORLD CHILD UK**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
The trustees present their annual report and financial statements for the year ended 31 December 2022.
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 charity's Memorandum and Articles of Association, the Companies Act 2006 and "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)" (effective 1 January 2019).
## **Objectives and activities**
The objects of the charitable company are to advance the Christian religion either in the UK or overseas, in particular but not exclusively, by:
- the advancement of education;
- the promotion of good race relations and equality of opportunity between persons of different racial groups; and
- the relief of poverty particularly amongst children in inner-city areas.
The directors seek to achieve these aims by:
- training and equipping Christian groups in the UK to work with inner-city children. This is achieved primarily by the retail of relevant training materials.
- raising awareness of, and collecting funds for projects which relieve poverty amongst children overseas.
The charity's trustees have referred to the guidance in the Charity Commission's general guidance on Public Benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, they have considered how planned activities will contribute to the aims and objectives they have set.
## **Grant making**
The trustees will consider any requests for grants or donations which they receive. However, due to the nature of the charitable company's operation, it is unlikely to make any grants available (other than passing on donations received for specific purposes).
## **Achievements and performance**
2022 was a year of changes, restructuring and stabilization.
Moving out of Covid, this was the first year with full operations, unhindered by lockdowns, tiered levels and other restrictions. However, we could see how the financial pressure was affecting some of the sponsors and donors who in turn limited or paused their regular support for the projects supported by Metro World Child UK. A significant effort was made to recruit new supporters and strengthen relationships with our current, faithful supporters. Phone and email campaigns as well as personal notes helped to ease the effect.
In October of 2022, the founder and president of the global operations of Metro World Child, Dr. Bill Wilson, was able to return for his speaking engagements in the UK, raising awareness for the global projects of Metro World Child and educating our donors and supporters of their support to the successful operations of those projects. 2022 has seen major growth amongst the projects in Kenya, whether educational or feeding as well as projects in India. With the help of the Metro supporters and sponsors in the UK, Metro projects in the Philippines were able to become fully functional again, moving out of one of the world’s strictest lockdowns that left many vulnerable children and families in even worse situations.
Ms. Janine Stellatos who is seconded to oversee the project in Kenya reports a great growth in reaching and supporting more primary schools in Kenya and more than 5,000 children are being fed at this time. She has also accompanied Dr. Wilson on his UK tour to give our supporter a personal update on the work of Metro in Kenya.
We are grateful to see that the newly started Metro programs in the UK saw a significant growth with a number of schools partnering with Metro to benefit from Metro’s educational, moral value programs. The specific Metro World Child curriculum that is developed to specifically help children develop social skills and improve their self-confidence and awareness has been expertly implemented by our consultant Mr. Matthew Murray was also able to advise regarding the recruitment and training of the necessary volunteers. His expertise has been a great asset to the mission of Metro and we are confident that the domestic projects of Metro World Child UK will continue to grow and be of benefit for many children, schools and families.
page 1
## **METRO WORLD CHILD UK**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
In December, Ms Cameron with the support of the team in the NY headquarters undertook an extensive donor care campaign where every supporter with a phone number on record received a personal thank you call, also wishing them a Happy Christmas. This campaign was received very well by our donors who enjoy the personal contact with our Metro team and the opportunity to receive immediate updates from the projects around the world.
Mr. and Mrs. Paliama continued their support work for Metro World Child UK and it is with the help of many volunteers that the support of the global projects can continue on the level it did and even expand.
## **Financial review**
## **Financial position**
The charity had total net incoming resources of £123,568 (2021: £9,431) during the financial year ended 31 December 2022, as shown in the statement of financial activities on page 5 of the accounts.
## **Reserves policy**
The trustees have established a policy for unrestricted reserves, whereby, in order to enable the charity to operate effectively, they aim to have three to six months expenditure in general funds.
The unrestricted reserves are now £259,831 (2021: £136,664) and restricted funds are £28,945 (2021: £28,544).
The charitable company has made charitable donations totalling £367,768 in the financial year (2021: £447,531) to Metro World Child based in New York, the majority of which related to forwarding on specific donations from donors.
## **Plans for future periods**
In the next year we will start looking into other ways of fundraising besides our sponsorship program. Our main focus however remains increasing the number of sponsorships.
With a solid marketing strategy plan we expect to raise more awareness and achieve our goals. Outside sources will be approached to help us. Networking (social media) with businesses and attending exhibitions will be part of this marketing strategy plan as well.
## **Structure, governance and management**
The charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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:
W Willson
A Paliama
S Gleue
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Vacancies occurring for trustees shall be filled by individuals appointed by the management team in the head office of Metro World Child New York USA and ratified by vote of a majority of Directors then in office, regardless of their number. Trustees appointed shall hold office until their successors have been elected and qualified.
The areas of risk have been identified and the appropriate policy, in each case will be established during the course of next year and will be reviewed and monitored on a regular basis.
page 2
METRO WORLD CHILD UK
TRIISTF,ES' REPORT {INCLUDING DIRErfoRS' REPORT) (CONTINUED)
FOR THE YL4R ENDED 31 DECEMBER 2022
On behalf
the boaT4J of itustCC5
A Paliama
Trustee
Date..
6 3
## **METRO WORLD CHILD UK**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF METRO WORLD CHILD UK**
I report to the trustees on my examination of the financial statements of Metro World Child UK (the charity) for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the trustees of the charity (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 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants for England & Wales, 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 charity as required by section 386 of the 2006 Act; or
- 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 2006 Act 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
- 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 accounts 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.
## **Darren Harding ACA FCCA DChA**
Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH10 1HT
Dated: 27 October 2023
page 4
## **METRO WORLD CHILD UK**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**Current financial year**
**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2022**
**2022**
**2022**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations received
**3**
277,704
335,724
22,550
**Expenditure on:**
Raising funds
**4**
873
-
-
Advancing the Christian Religion
**5**
153,075
335,414
23,048
**Total resources expended**
153,948
335,414
23,048
**Net incoming/(outgoing) resources before**
**transfers**
123,756
310
(498)
Gross transfers between funds
(87,381)
86,482
899
**Net incoming resources**
36,375
86,792
401
Fund balances at 1 January 2022
36,786
99,878
28,544
**Fund balances at 31 December 2022**
73,161
186,670
28,945|**Total**
**2022**
**£**
635,978
873
511,537
512,410
123,568
-
123,568
165,208
288,776|**Total**
**2021**
**£**
588,152|
|---|---|---|
|||-|
|||578,721|
|||578,721|
|||9,431
-|
|||9,431
155,777|
|||165,208|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
page 5
## **METRO WORLD CHILD UK**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**Prior financial year**
**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2021**
**2021**
**2021**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations received
**3**
213,724
369,110
5,318
**Expenditure on:**
Advancing the Christian Religion
**5**
233,936
339,466
5,319
**Total resources expended**
233,936
339,466
5,319
**Net income for the year/**
**Net movement in funds**
(20,212)
29,644
(1)
Fund balances at 1 January 2021
56,998
70,234
28,545
**Fund balances at 31 December 2021**
36,786
99,878
28,544|**Total**
**2021**
**£**
588,152|
|---|---|
||578,721|
||578,721|
||9,431
155,777|
||165,208|
page 6
METRO WORLD CHILD UK
BALANCE SHEET
ASA T31 DECEMBER 2022
2022
2021
Notes
Fixed assets
Tangiible as5elS
1,296
1.525
C'urrent Issets
Debtor5
Cash at bank and in hand
263.237
63.070
139,602
73.659
326,307
213.261
C.'redltors: #mounts filllng dut wlthln
ye#r
13
(38.8271
{49,5781
Nel currenl assets
287.480
163.683
'lotil 155tts les5 eurreni lixbilititS
288,776
165,208
Incorne funds
Reslricled fiiiids
Uiire5tricied funds
Dcsigiialed lunds
General iinr¢siri¥l¢d funds
Is
28,945
28,544
16
186.670
73.161
99.878
36.786
259,831
1.16.664
288.776
165,208
Tlie ci)mpany is eniiiled lo Ihe exemption from th¢ audil requiremeni contsined in se¢tion 477 of the c.ompanies Act 2006, for
the ycar ended J l Dec¢Mr 2022.
Tlie directors cicknowled¥e their responsibililics for coniplyijig with the requircmcThts of the Conipanies A¢t 2006 wi¢h r¢spe¢l
¢0 accounling Krords and the preparation of fjnancial stalenients.
-rile menibers h£1ve not reqUId ihe ¢ompwJy to obthin an oudii of lis financial stsiements for the year in question in accordatice
viih se¢iion 476.
Tliese fiiiancial slalemenls have been prepared in accordance iyith ihe Provisio applieable to companies subjeci ¢0 (he small
conipaiiies reginie.
4g D./L]Sw 3
The financial siat¢m¢nts wrre approved by the TnLsiees on .........................
A Paliama
Trust¢t
Compgny rtgtstrgtion numbtr 03785459
## **METRO WORLD CHILD UK**
## **STATEMENT OF CASH FLOWS**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**2022**
**2021**
**Notes**
**£**
**£**
**£**
**Cash flows from operating activities**
Cash (absorbed by)/generated from operations
**19**
(10,589)
**Net cash used in investing activities**
-
**Net cash used in financing activities**
-
**Net (decrease)/increase in cash and cash equivalents**
(10,589)
Cash and cash equivalents at beginning of year
73,659
**Cash and cash equivalents at end of year**
63,070|**£**
5,637
-
-|
|---|---|
||5,637
68,022|
||73,659|
page 8
## **METRO WORLD CHILD UK**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **1 Accounting policies**
## **Charity information**
Metro World Child UK is a private company limited by guarantee incorporated in England and Wales. The registered office is Ground Floor, 1 - 7 Station Road, Crawley, West Sussex, RH10 1HT.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) 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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity 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.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Designated funds are those designated as such by the directors.
Restricted funds are subject to specific conditions by donors 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.
## **1.4 Income**
Donations, gift aid on donations and other forms of income are recognised as incoming resources when receivable.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Expenditure on charitable activities includes grants payable made to third parties and other activities undertaken to further the purposes of the charity and their associated support costs.
The Trustees have identified one charitable activity.
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, and governance costs which support the charity's activities. These costs have been allocated to expenditure on charitable activities.
page 9
## **METRO WORLD CHILD UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **1 Accounting policies**
**(Continued)**
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
15% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 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.
## **1.8 Financial instruments**
The charitable company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## _**Basic financial assets**_
Other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.
## _**Basic financial liabilities**_
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably results in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due.
## **1.9 Taxation**
As a registered charity the company benefits from rates relief and is generally exempt from income tax and corporation tax. The charity is not registered for value added tax.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **1.12 Foreign exchange**
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
## **1.13 Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
page 10
## **METRO WORLD CHILD UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **2 Critical accounting estimates and judgements**
In the application of the charity’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 Donations received**
|**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2022**
**2022**
**2022**
**£**
**£**
**£**
Donations and gifts
277,704
335,724
22,550
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2021
2021
2021
£
£
£
Donations and gifts
213,724
369,110
5,318
**4**
**Raising funds**|**Total**
**2022**
**£**
635,978|
|---|---|
||Total
2021
£
588,152|
|||
|**Unrestricted**
**funds**
**general**
**2022**
**£**
Fundraising and publicity
Seeking donations, grants and legacies
873
873|**Total**
**2021**
**£**
-|
|---|---|
||-|
page 11
## **METRO WORLD CHILD UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **5 Advancing the Christian Religion**
||**Advancing**|
**Advancing**|
|---|---|---|
||**the Christian**|
**the Christian**|
||**Religion**|**Religion**|
||**2022**|**2021**|
||**£**|**£**|
|Staff costs|47,284|47,088|
|Direct costs|15,094|14,486|
|Outreach|-|18,378|
|Consultancy|32,500|28,123|
||94,878|108,075|
|Grant funding of activities (see note 6)|367,768|447,531|
|Share of support costs (see note 7)|31,676|10,340|
|Share of governance costs (see note 7)|17,215|12,775|
||511,537|578,721|
|**Analysis by fund**|||
|Unrestricted funds - general|153,075|233,936|
|Unrestricted funds - designated|335,414|339,466|
|Restricted funds|23,048|5,319|
||511,537|578,721|
## **6 Grants payable**
||**Advancing the**|
Advancing the|
|---|---|---|
||**Christian**|
Christian|
||**Religion**|Religion|
||**2022**|2021|
||**£**|£|
|Grants to individuals|367,768|447,531|
||367,768|447,531|
page 12
## **METRO WORLD CHILD UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **7 Support costs**
|**Support costs**
**Governance**
**costs**
**£**
**£**
Depreciation
229
-
Rent
8,526
-
Insurance
264
-
Repairs and maintenance
2
-
Telephone
770
-
Travelling expenses
20,002
-
Hire of plant and machinery
143
-
Sundries
1,170
-
Advertising
570
-
Independent examiner's fees
-
9,676
Bank charges
-
7,539
31,676
17,215
Analysed between
Charitable activities
31,676
17,215|**2022 Support costs**
**Governance**
**costs**
**£**
**£**
**£**
229
270
-
8,526
7,974
-
264
305
-
2
22
-
770
971
-
20,002
360
-
143
312
-
1,170
126
-
570
-
-
9,676
-
5,437
7,539
-
7,338
48,891
10,340
12,775
48,891
10,340
12,775|**2021**
**£**
270
7,974
305
22
971
360
312
126
-
5,437
7,338|
|---|---|---|
|||23,115|
|||23,115|
Governance costs includes payments to the accountants of £3,600 (2021: £3,540) for an independent examination and £6,076 (2021: £1,897) for other services.
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration during the year.
## **9 Employees**
The average monthly number of employees during the year was:
||**2022**|**2021**|
|---|---|---|
||**Number**|**Number**|
||2|2|
|**Employment costs**|**2022**|**2021**|
||**£**|**£**|
|Wages and salaries|46,192|46,080|
|Other pension costs|1,092|1,008|
||47,284|47,088|
The trustees consider the two staff members to be Key Management Personnel, the total benefit paid to them was £47,284 (2021: £47,088).
page 13
## **METRO WORLD CHILD UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
**(Continued)**
## **9 Employees (Continued)** There were no employees whose annual remuneration was more than £60,000. **10 Taxation** The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
|**11**|**Tangible fixed assets**|||
|---|---|---|---|
|||**Fixtures, fittings & equipment**||
||||**£**|
||**Cost**|||
||At 1 January 2022||7,755|
||Disposals||(2,319)|
||At 31 December 2022||5,436|
||**Depreciation and impairment**|||
||At 1 January 2022||6,230|
||Depreciation charged in the year||229|
||Eliminated in respect of disposals||(2,319)|
||At 31 December 2022||4,140|
||**Carrying amount**|||
||At 31 December 2022||1,296|
||At 31 December 2021||1,525|
|**12**|**Debtors**|||
|||**2022**|**2021**|
||**Amounts falling due within one year:**|**£**|**£**|
||Other debtors|262,922|139,308|
||Prepayments and accrued income|315|294|
|||263,237|139,602|
|**13**|**Creditors: amounts falling due within one year**|||
|||**2022**|**2021**|
|||**£**|**£**|
||Other taxation and social security|753|617|
||Accrued grants|30,084|39,754|
||Accrued expenses|7,990|9,207|
|||38,827|49,578|
page 14
## **METRO WORLD CHILD UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **14 Retirement benefit schemes**
## **Defined contribution schemes**
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £1,092 (2021 - £1,008).
page 15
## **METRO WORLD CHILD UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **15 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||**Movement in funds**|**Movement in funds**|||**Movement in funds**|**Movement in funds**|||
|---|---|---|---|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**||**Balance at**|**Incoming**|**Resources**|**Transfers**|**Balance at**|
||**1 January 2021**|**resources**|**expended**||**1 January 2022**|**resources**|**expended**||**31 December**|
||||||||||**2022**|
||**£**|**£**||**£**|**£**|**£**|**£**|**£**|**£**|
|Appeal fund - Pastor Bill|3,447|-||-|3,447|-|-|-|3,447|
|Special Events Romania|4|-||-|4|-|-|-|4|
|Special Events (Operation MOM)|5,941|-||-|5,941|-|-|-|5,941|
|Special Events USA|2,078|-||-|2,078|25|(25)|-|2,078|
|Special Events Kenya|12,258|1,298|(1,298)||12,258|88|(370)|-|11,976|
|Special Events PH|14|-||-|14|-|-|-|14|
|Camp Phillipines|5|1,106|(1,106)||5|938|(938)|-|5|
|Camp Romania|4,228|67||(67)|4,228|67|(67)|-|4,228|
|Camp Kenya|1|2,847|(2,848)||-|2,289|(3,188)|899|-|
|Humanitarian Medical Aid Kenya|569|-||-|569|-|-|-|569|
|Book Bag General USA|-|-||-|-|544|(544)|-|-|
|WBO USA BOL Thanks Giving|-|-||-|-|4,324|(3,641)|-|683|
|WBO Summer (Day) Camp USA|-|-||-|-|6,954|(6,954)|-|-|
|Haiti Relief & Afghanistan Appeal Fund|-|-||-|-|7,321|(7,321)|-|-|
||28,545|5,318|(5,319)||28,544|22,550|(23,048)|899|28,945|
Appeal fund - Pastor Bill - are funds generated during speaking engagements of the senior pastor and founder of Metro Ministries, Reverend William F Wilson. The specific appeals are announced during his visit.
The other restricted funds represent funds donated where the donor has specified that proceeds be transferred to a particular cause.
page 16
## **METRO WORLD CHILD UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **16 Designated funds**
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
|**Movement in funds**
**Balance at**
**1 January 2021**
**Incoming**
**resources**
**Resources**
**expended**
**Balance at**
**1 January 2022**
**£**
**£**
**£**
**£**
Sponsorship funds
70,234
369,110
(339,466)
99,878
70,234
369,110
(339,466)
99,878|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
335,724
(335,414)
335,724
(335,414)|**Transfers**
**Balance at**
**31 December**
**2022**
**£**
**£**
86,482
186,670
86,482
186,670|**Transfers**
**Balance at**
**31 December**
**2022**
**£**
**£**
86,482
186,670
86,482
186,670|
|---|---|---|---|
||||186,670|
Sponsorship funds represent funds raised during the year on various appeals other than specifically restricted appeals. It also includes all funds directly related to sponsorship programmes such as funds for children in the Phillipines and South Africa, the Book Bag Project, Summer Camp and the Won by One fund.
page 17
## **METRO WORLD CHILD UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**17**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**2022**
**2022**
**2022**
**£**
**£**
**£**
Fund balances at 31 December 2022 are represented
by:
Tangible assets
1,296
-
-
Current assets/(liabilities)
71,865
186,670
28,945
73,161
186,670
28,945
**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**2021**
**2021**
**2021**
**£**
**£**
**£**
Fund balances at 31 December 2022 are represented
by:
Tangible assets
1,525
-
-
Current assets/(liabilities)
35,261
99,878
28,544
36,786
99,878
28,544
**18**
**Related party transactions**
There were no disclosable related party transactions during the year (2021 - none).
**19**
**Cash generated from operations**
**2022**
**£**
Surplus for the year
123,568
Adjustments for:
Depreciation and impairment of tangible fixed assets
229
Movements in working capital:
(Increase) in debtors
(123,635)
(Decrease)/increase in creditors
(10,751)
**Cash (absorbed by)/generated from operations**
(10,589)|**Total**
**2022**
**£**
1,296
287,480
288,776
**Total**
**2021**
**£**
1,525
163,683
165,208
**2021**
**£**
9,431
270
(8,016)
3,952
5,637|
|---|---|
page 18