Charity registration number 1079863 (England and Wales) Company registration number 03785459 METRO WORLD CHILD UK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
METRO WORLD CHILD UK LEGAL AND ADMINISTRATIVE INFORMATION Trustees Secretary Charity number Company number Principal address Registered office Independent examiner W Willson A Paliama S Gleue Adriaan Paliama 1079863 03785459 The Renewal Trust Business Centre 3 Hawksworth Street Nottingham NG3 2EG Ground Floor 1 - 7 Station Road Crawley West Sussex RH10 1HT Darren Harding ACA FCCA DChA Richard Place Dobson Services Limited Ground Floor 1-7 Station Road Crawley West Sussex RH10 1HT
METRO WORLD CHILD UK CONTENTS Trustees' report Independent examiner's report Statement of financial activities Balance sheet Statement of cash flows Notes to the financial statements Page 1-3 4 5 - 6 7 8 9 - 18
METRO WORLD CHILD UK TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 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 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 Executive Summary Metro World Child UK saw satisfactory operations throughout 2024 and the first months of 2025, supporting multiple charitable projects aimed at improving children's lives worldwide. Key achievements include: • Strengthened donor relationships through personalized outreach (donors thanked with handwritten letters, calls, and emails). • Successful distribution of donations for summer camps that deliver life-changing experiences for children in Romania, The Philippines, Kenya, and the United States. • Efficient coordination of donor communications and fundraising follow-ups. 1) Activities by Category Sunday School/Character building programs: Fundraising efforts from sponsors supporting Metro World Child UK have made it possible to also continue and even grow the unique Bible based character building programs in 20+ countries around the world. Many children were impacted. Feeding programs & Camps Support: Donor outreach was intensified towards those projects; the staff made special efforts to express gratitude via personalized notes and calls. The incoming donations for summer camps in the Philippines and Kenya were allocated to the local day camp; support for activities and materials. Summer camp for underprivileged children in New York funded a four-day camp with a reported outcome of life-changing experiences for participating children; the donations from the UK managed to maximize impact. Donor Relationships & Communications: January-February: Increased donor touchpoints; personal connections solidified. Methods: One-on-one phone calls, personalized emails, handwritten thank-you letters. Result: Strengthened trust and continued donor generosity. page 1
METRO WORLD CHILD UK TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 2) Staffing and general activities Miss Donna Cibor has been handling the day to day operations of the office very well; answering phones/emails, navigating incoming donations and recording such Miss Cabrera and Miss Fenton have greatly supported this work through either administrative or consulting activities. We are pleased to report that Miss Janine Stellatos has been able to organize and execute an awareness raising and fundraising tour again with 21 new sponsors onboarded. 3) Issues and Resolutions Metro World Child UK has had a change in CRM systems which has affected donor communications. The staff were able to navigate challenges successfully and underwent much training and individual coaching 4) Other We are grateful to report the continued volunteer support of our trustee Adriaan Paliama who has significantly contributed to the smooth running of the administrative activities by contributing his valuable experience and time in many areas. Financial review Financial position The charity had total net incoming resources of £48,442 (2024: £20,825) during the financial year ended 31 March 2025, 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 £207,383 (2024: £68, 132), Designated funds are £139,191 (2024: £218,188) and restricted funds are £27.053 (2024: £23.281). he charitable company has made charitable donations totalling £467.291 in the financial vear (2024: £403.093) to Metro Vorld 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 charitable 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 directors 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. page 2
METRO WORLD CHILD UK TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 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. On behalf of the board of trustees A Paliama -Trustee Date: 8 January 2026 page 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 March 2025. 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. Having satisfied myself that the financial statements of the charity 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 charity'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 charity'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 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: accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records; or 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. Darren Harding ACA FCCA DChA Richard Place Dobson Services Limited Ground Floor 1-7 Station Road Crawley West Sussex RH10 1HT Dated: 12 January 2026 page 4
METRO WORLD CHILD UK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Current financial year Unrestricted Unrestricted funds general funds designated 2025 2025 Restricted funds 2025 Total 2025 Total Period ended 31/03/2024 Notes Income from: Donations and legacies Other trading activities Investments Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income/(expenditure) Other recognised gains and losses: Other gains Net movement in funds Reconciliation of funds: Fund balances at 1 April 2024 3 4 5 6 14 10 Fund balances at 31 March 2025 297,493 717 - 298,210 2,469 157,564 160,033 138,177 1,074 139,251 68,132 207,383 333,006 : 333,006 412,003 412,003 (78,997) (78,997) 218,188 139,191 15,864 : 15,864 27,576 27,676 (11,812) (11,812) 23,281 11,469 646,363 717 - 647,080 2,469 597,243 599,712 47,368 1,074 48,442 309,601 358,043 578,857 774 11 579,642 100 559,634 559,734 19,908 917 20,825 288,776 309,601 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. page 5
METRO WORLD CHILD UK STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prior financial period Unrestricted Unrestricted funds funds general designated 31/03/2024 31/03/2024 Notes 3 Income from: Donations and legacies Other trading activities Investments Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income/(expenditure) Transfers between funds Other recognised gains and losses: Other gains Net movement in funds Reconciliation of funds: Fund balances at 1 January 2023 Fund balances at 31 March 2024 14 10 131,094 774 11 131,879 100 121,114 121,214 10,665 (16,611) 917 (5,029) 73,161 68,132 425,379 : 425,379 339,861 393,861 31,518 - - 31,518 186,670 218,188 page 6 Restricted funds 31/03/2024 22,384 22,384 14.659 44,659 (22,275) 16,611 - (5,664) 28,945 23,281 Total 31/03/2024 578,857 774 11 579,642 100 559,634 559,734 19,908 - 917 20,825 288,776 309,601
METRO WORLD CHILD UK BALANCE SHEET AS AT 31 MARCH 2025 2025 31/03/2024 € Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand Notes 15 16 856 1,053 Creditors: amounts falling due within one year Net current assets Total assets less current liabilities 17 111,485 280,812 392,297 (35,110) 211,659 129,793 341,452 (32,904) 357,187 358,043 308,548 309,601 The funds of the charity Restricted income funds Unrestricted funds - general Unrestricted funds - designated 19 21 20 11,469 207,383 139,191 358,043 23,281 68,132 218,188 309,601 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 March 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 8 January 2026 A Paliama • -Trustee Company registration number 03785459 (England and Wales) page 7
METRO WORLD CHILD UK STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Notes 2025 Cash flows from operating activities Cash generated from operations Investing activities Investment income received Net cash generated from investing activities Net cash generated from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 24 151,019 - : 151,019 129,793 280,812 page 8 31/03/2024 66,712 11 11 66,723 63,070 129,793
METRO WORLD CHILD UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 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 f. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 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 trustees. 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. 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 MARCH 2025 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 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 emplovee 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 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 MARCH 2025 3 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. Donations received Donations and gifts Unrestricted Unrestricted funds funds general 2025 2025 297,493 333,006 Restricted funds 2025 15,864 Total 2025 646,363 Donations and gifts Unrestricted Unrestricted funds funds general 31/03/2024 31/03/2024 131,094 425,379 Restricted funds 31/03/2024 22,384 Total 31/03/2024 578,857 4 Income from other trading activities Merchandise Sales Unrestricted funds 2025 717 Unrestricted funds 31/03/2024 774 5 Income from investments Unrestricted funds 2025 Interest receivable Unrestricted funds 31/03/2024 11 page 11
METRO WORLD CHILD UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 6 Expenditure on raising funds Unrestricted funds 2025 Fundraising and publicity Seeking donations, grants and legacies Staging fundraising events 1,406 1,063 2,469 Unrestricted funds 31/03/2024 100 - 100 7 Expenditure on charitable activities Advancing Advancing the Christian the Christia Religion Religion 2025 31/03/2024 Direct costs Staff costs Direct costs Consultancy Grant funding of activities (see note 8) Share of support and governance costs (see note 9) Support Governance Analysis by fund Unrestricted funds - general Unrestricted funds - designated Restricted funds 92,285 5,782 776 98,843 467,292 15,975 15,133 597,243 157,564 412,003 27,676 597,243 73,614 6,724 37,218 117,556 403,094 23,091 15,893 559,634 121,114 393,861 44,659 559,634 8 Grants payable Grants to support advancing the Christian religion Advancing Advancing the Christian the Christian Religion Religion 2025 31/03/2024 € 467,292 403,094 page 12
METRO WORLD CHILD UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activities Depreciation Rent Rates Insurance Telephone Travelling Hire of plant and machinery Sundries Advertising Governance costs Analysed between: Advancing the Christian Religion Governance costs comprise: Independent examination fee Legal and professional Bank charges Interest payable 10 2025 € 197 3,150 160 374 922 3,861 308 776 5,385 15,975 31,108 31,108 2025 5,904 1,024 9.042 5 15,975 2025 € 5,904 197 11 12 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets Trustees None of the trustees (or any persons connected with them) received any remuneration during the year. Employees The average monthly number of employees during the year was: 2025 Number 4 page 13 31/03/2024 243 6,382 77 447 1,483 2,748 483 1,727 9,501 15,893 38,984 38,984 31/03/2024 6,165 9,726 2 15,893 31/03/2024 6,165 243 31/03/2024 Number 3
METRO WORLD CHILD UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employees Employment costs (Continued) 31/03/2024 Wages and salaries Social security costs Other pension costs 2025 88,232 2,155 1,898 92,285 72,281 1,333 73,614 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows: Aggregate compensation 2025 85,609 31/03/2024 21,442 13 14 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. Other gains and losses Gains/(losses) upon: Foreign exchange Unrestricted funds 2025 (1,074) Unrestricted funds 31/03/2024 (917) page 14
METRO WORLD CHILD UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Tangible fixed assets Fixtures, fittings & equipment Cost At 1 April 2024 At 31 March 2025 Depreciation and impairment At 1 April 2024 Depreciation charged in the year At 31 March 2025 Carrying amount At 31 March 2025 At 31 March 2024 3,502 3,502 2,449 197 2,646 856 1,053 16 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income 2025 31/03/2024 111,453 32 111,485 211,635 24 211,659 17 Creditors: amounts falling due within one year Other taxation and social security Accrued grants Accrued expenses 2025 1,402 27,228 6,480 35,110 31/03/2024 24.862 8,042 32,904 18 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 2025 31/03/2024 1,898 1,333 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. page 15
METRO WORLD CHILD UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2024 Appeal fund - Pastor Bill Special Evens Remania Special Events USA Humanitarian Medical Aid Kenya Camp Phillipines Camp Romania Feeding Programme Holiday Hope RWO Earthquake Turkey/Syria Fund Ukraine Fund 3,447 4 9,855 2,078 569 3,778 3,530 - 23,281 Previous period: At 1 April 2023 Appeal fund - Pastor Bill Special Events Romania Special Events (Operation MOM) Special Events USA Special Events Kenya Special Events PH Camp Phillipines Camp Romania Camp Kenya Camp USA Humanitarian Medical Aid Kenya WBO USA BOL Thanks Giving Holiday Hope RWO Guest Relations Earthquake Turkey/Syria Fund Gaza Fund Ukraine Fund 3,447 4 5,941 2,078 11,976 14 5 4,228 : 569 683 - 28,945 Incoming resources - - 188 1,452 13,015 5. 15,864 Incoming resources - : 6,675 900 2,659 6,194 5,956 22,384 Resources expended € (6,284) (2,078) (569) (188) (146) (1,452) (3,530) (13,015) (410) (27,676) Resources expended : (5,941) (2,121) (2,581) (1,512) (450) (2,300) (2,780) (3,335) (3,145) (4,805) (900) (2,639) (6,194) (5,956) (44,659) Transfers At 31 March 2025 3,447 4,370 3,632 20 - 11,469 Transfers At 31 March 2024 - 2,567 1,507 2.300 2,780 2.652 4.805 3,447 4 2,078 9,855 - 3.778 : 569 3.530 - - 20 - 16,611 23,281 page 16
METRO WORLD CHILD UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Restricted funds (Continued) 20 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. Unrestricted funds - designated These are unrestricted funds which are material to the charity's activities. At 1 April 2024 Sponsorship funds Previous period: Sponsorship funds 218,188 At 1 April 2023 186,670 Incoming resources 333,006 Incoming resources € 425,379 Resources At 31 March expended 2025 (412,003) 139,191 Resources At 31 March expended 2024 € (393,861) 218,188 21 'ponsorship funds represent funds raised during the year on various appeals other than specifically restricted appeals. I Iso includes all funds directly related to sponsorship programmes such as funds for children in the Phillipines and Sout Africa, the Book Bag Project, Summer Camp and the Won by One fund. Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Incoming resources Resources expended € Transfers Gains and At 31 March losses 2025 General funds 68,132 298,210 (160,033) - 1,074 207,383 Previous period: At 1 April 2023 Incoming resources Resources expended Transfers General funds 73,161 131,879 (121,214) € (16,611)| Gains and losses € 917 At 31 March 2024 € 68,132 page 17
METRO WORLD CHILD UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Analysis of net assets between funds Fund balances at 31 March 2025 are represented by: Tangible assets Current assets/(liabilities) Fund balances at 31 March 2025 are represented by: Tangible assets Current assets/(liabilities) Unrestricted Designated funds funds 2025 2025 856 206,527 207,383 139,191 139,191 Unrestrinds Designand funds 31/03/2024 31/03/2024 € 1,053 67,079 228,188 68,132 218,188 23 24 Related party transactions There were no disclosable related party transactions during the year (31/03/2024 - none). Cash generated from operations Surplus for the year Adjustments for: Investment income recognised in statement of financial activities Foreign exchange differences Depreciation and impairment of tangible fixed assets Movements in working capital: Decrease in debtors Increase/(decrease) in creditors Cash generated from operations page 18 Restricted funds 2025 11,469 11,469 Restricted funds 31/03/2024 23,281 23,281 2025 47,368 1.074 197 100,174 2,206 151,019 Total 2025 856 357,187 358,043 Total 31/03/2024 1,053 308,548 309,601 31/03/2024 € 19,908 (11) 917 243 51,578 (5,923) 66,712