EDUKID REPORT OF THE TRUSTEES AND UNAUDITED FII¥JANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
EDUKID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025 The Trnslees present iheir report with the financial sialements of ihe Charily for the year ended 5 April 2025. REFERENCEANDADMINJSTRATIVE DETAILS R¢gi5tered Charity Number: 1099058 (England and Wales) Principal Address". 5 Hart Street, Bideford, Devon EX39 2NB Trustees: B Duhig R Dc Wr¢¢dc N Wormington A HaTdy M Kensett A Watson (Chaimian) (appoint¢d 31 January 2025) (Secretsry) Chief Exeeutivt: C TuTner Independent Examlner: Edward Meardon FCA R T Marke & C.0 Ltd 69 Hi¥h Street Bidelord Devon EX39 2AT Bankers: Lloyds Bank Pl¢ 25 Gresham Street London EC2V 7HN Natwest GTOUP 36 St Andrew Square Edinburgh EH2 2YB STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Charity is ConStited and controlled by its governing document, a deed of trust. Recruitment and appointment of trllstees Trustees are appointed by resolution of the Trustees. Organisational structure The Trustees responsible for the btrdtegic mLlllilbyement of the charity. policy inakin¥F and the monitoring of its work. The Trustees have delegated day to day operational management of the Charity to the Chief Executive. Risk management The trustees have a duly lo identify and revie Ihe risks to which the charity is exposed and io ensure appropriate contrlils are in pla¢¢ to providc r¢asonablc assuran¢¢ against fraud and ¢rn)r. Thc trnstcc8 hal'c considcrcd thc known ri8ks to which thc Charity is cxpo%cd and mcct rcgularly to rcvicw thc%c risk% and kccp updatcd thc plans to minimi%c thc impact on thc c.harity should any of the8c ri.%k% matcrialisc.
EDUKID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025 OBJECTIVES AND ACTIVITIES Objects of the Charlty The objects of (he c.harity are to advance education and relieve povelly. working in accordance with Christian principles. whilst not imposing our vie.$. Progr¢$s against Charity obj¢ctiv¢5 The ObJt1.e of this financial year has been to expand our Global Citizenship Programme IGCP) to UK and international school%. We achieved links into a further 7 countTies and have expanded our UK schoo15 database. Financially, our aim was to mait]tait] the current tumover whilst Edukid transition to a more remote operational strnctUTe, to reduce costs and reach a wider audience. One third of our school income now corne5 from remote WOTking and we are on target to reach our target figure of 50°/0 by the end of the next liiiancial year. The last stage tsl'our GC.P tts the eduLation seLtoi was also launched this year- univcrsities. This now Lompletes our pathway from year I priinary school through the entire eduLation system. which has been a long-temi objeLtive lor the last five years. Factors aftTecting the achievcmcnt of the Charity objectives The first half of the year saw good growth and high numbers attending our overseas trips. In contrast the second half of Ihe year Sa a big shift. In September VAT was introduced on UK private sch(yolq, which led to uncertainty and low confidence among the sector. Edukid lost it'5 biggest private school contract dui'ing this peTiOd. The first quarter of the academic year also had a lower than expected uptake in oveTseas trips, with notably moTe families having less aailable money to spend. The October Peru trip wa5 cancelled diie to a national tran5POrt strike, which also led to a drop in profits. Despite this tl)e last quarter of our financial year saw an upturn. witli a number of new Sch1$ signing partnership agreements. Applications for sch(yJls committing to overseas trips doubled during tl)is period. Aetlvltles of the Charlty The Charity operates a Global Citizenship Schools programme to educate students on the issues of poverty and empower them to be part of the solution. The Charity provides school packs and educational scholarships to those living in poverty in Cambodia, Peru and Uganda. It also tiihcs moncy to hclp childr¢n living in Conflict, via non-political ¢mpow¢rm¢nt programmes. The Charity provides further support lo help break down the barriers to education and promote equality and the rights of a child as well as climate change projects. This includes therapy, IT, solar, farming, shelters and housing. Public Benefit Statement A& trustees uf the Churity we hdve Lomplied with vur duty under Charity Law tu have due regurd to guidance published by the Charity Commisbivn vn public btnefit. As well as directly benefiting the children and young people to whom it provides edueation and financial support. the Charity benefits society as a whole by furthering education and ultimately reducing poveity in the countries in which it operates.
EDUKID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025 Futurc plans for the Charity Looking to the year ahead, Edukid is plans to launch a new corporate business model aimed at university graduates and large national and intemaiional businesses. This will refleci ihe many of the key sirands used in our GCP. thus providing a unique empowernient model for companies and their personnel. The above approa¢h will al80 enable Ediikid to diversify and grow. The Uganda programme will look to build on a vocational training programme for young female adults who have missed ediication. We are also working ivith partners to ¢r¢ate a substantial mi¢ro-finan¢e initiative to enable graduates to buy the tools they need to ¢reale an income. Cainbodia is WOTking well and to full capacity on all fronts, so t]0 change 15 envisaged in the next 12 month5. Our Peru programine Teceived it's first oversea5 trip which led to sponsorsliip at]d emeTgency support to families in crisi5. The cancellation of the October trip means we aTe financially behind on our three-year bu5ine5s plan and this will impact on the Edukid resetves. Future dlreetlon of the Charlty The Department ol. EduLation has given Edukid notlLe of reduced I'uiiding due to department Luts. This will reduced subsidies for travelling studcnts and thtrefore reduLed inLome foi the next 12 months. However. long terin the education seLtor will Conlinue io be a key. Edukid plan ILI off-set much of this income with expansion to the corporate sector. ACHIEVEMENT AND PERFORMANCE The Duke of Edinburgh Awards arni to our GCP has seen a 130°/0 increase in turnover and is providing a inore cost effective operdtional model. The cancelled Peru trip and difficult siart to the academic year, led to a staff redundancy and a remporary drop in active partnering schools. A grani towards the biiilding of a girls shelter for 15-20 in Peru was secured, with plans designed and building about to stsrt. Funding towards the nexi four years of our empowernient and vocaiional training programme in Uganda was also secured. Student5 and adult5 on oiir overseas trips spoke of life-changing moinents and the positive impact it had on their own personal lives. This in turn led to more standing orders. 2,580 children living in poverty are CUentlY in our overseas educational programme, plus 15 at university alld 80 in vocational training. Our Chief Operations Office {fornier GCP graduate) Kara Jeremiah is due to finish her PHD in International Developinent this year. Likewise, another meniber ot staff - Chloe Lvvelass, is also due tv finish hei MasteTS in IntetnatlOIliil Development thib yeiw. Rosie Jones- our fouith appret)tice l)as already grnduated this year. Our annual donaiion to countries in conflict led to £800 being donated to a hospital in Ga7a this rnoney will be used to help towards the rebuilding of Ihe hospital and provide Iherapy to children affected by the conflict. A further £600 was donated to a Charity in Afghanistan to help girls access education. This year four Cambodian students graduated from university this year. One student in Uganda graduated university and two others have university scholarships. Around 23,000 studcnts are involved in E.dukid's Global Citizenship Awards Prograjn.
EDUKID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025 Indicators used to asscss pcrformanec Edukid measure's it's perforniance over the year in iwo ways. Firstly. Ihe number of children overseas we support into cducation and %cci)ndly thc quality of our %crvicc to %upportcr8 and %chools within thc UK. The success of our work ii) Cambodia has led to two villages no longer needing support, hence the slight drop in the number of children Edukid supported the year. Using the above measures of perforniance Edukid triistees conclude that quality of delIerY and the number of supported children living in poverty has been niet. The income generated was below taTget, due to the issiies inentioned above. FINANCIAL REVIEW The Charity reported a deficit of income over expenditure of £33,081 on unr¢stri¢t¢d ndS not designated for sp¢cific purposes in the }'ear. Unrestricted fiinds stood at £iO,889 at 5 April 2025. A do1]tIon of £17.5(M) wa5 received for helping girls in Uganda acces5 vocatiot]al training and this is to be Spent gradually ovei the next 4 years, hence the carry ovei. Thi5 leaves the tLCtual 5Utplus standin¥ at £13,(H)O. which will be used tOWLiTd5 off setting the Teduced payments from the Departtneiit ot'Education. The Trustees have established Designated Funds as follows.. Grow'th Fund A sum of £63,000 from a legac}, received in a previous }'ear which was set aside to allow the c.harity to grow sustainably over the next few years. Cambodia Project Commitment Fund A sum of £30,000 ha% bccn 8ct a%idc to cnsurc that thc Schools projcct in Cambodia can continuc in thc cvcnt of a 8hort tcrm drop in funding. Thi8 is bascd on thc likcly costs of support nding for a 12 month pcriod. Uganda Project Commitment Fund A siini of £80,000 has bccn sct aside to ensi£ that the Schools project in Uganda can continue in the event of a short terni drop in funding. This is based on the likely cost of support fundin¥ for a 12 month peTlOd. Peru Projeet Commitment Fund A suin of nesFative £25,(K)O has beeli set aside to set up a new Schools pioject in Petu and ensure that it can still launch in the event of d short temi diop in funding. Principal funding sourccs Standing orders ii)creased significantly over the year as did Turing Funding for overseas trips. 1-3 year grantltrust applications were lower than lasi year. UK schools turnover saw a very significant increase. Arrangements for setting the remuner4ton of the Charity's key personnel Edukid truslees aspire lo set s&tTsalaries on a similar pay scale io UK leachers. Whilst progress is being made. income lo dale ha5 not enabled this to happen. Salarics arc trackcd to UK inflation and a bonus systcm is proportionatcly in placc to rcward markcting staff whcn rn0Ver incieases. Salaries are tracked to acknowledge the qualifications, experience and skill set of individuals and are designed to al'ay$ be lower than rnarket aver(i¥es to ensure W<L¥es refleLt the desires of Lharity supporters.
EDUKID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025 STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accouniing Standards (United Kingdom Generally Accepted Accounting Practice). The law appli¢able 10 charities in England and Wales, the c.harities Act 2011. Charity {Ac¢ounts and Reports) Regulation8 2008 require the trustees to prepare financial statements for ea¢h flnancial year which give a true and fair view of the gtate of affairs of the charity and of the incoming resources and application of resour¢es, incliiding the income and expenditure, of the charity for that period. In preparing those finan¢ial statements. the trustees are required to select suitable accounting LX)licies and then apply them consistently., observe the niethods and principles in the Chariry SORP., make judgements and estin)ates that are reasonable and prudent; PTepaTe tlie financial Statements on the goinbT concern basis iinles5 It is inappropriate to presuine that the cliarity ivill continue in busines5. The tTUStees are iesponsible for keeping proper accounting records which disclose with reasonable accurncy at any tiine the financial position ol. the charity and to eiiable them to )Sure that the financial statements ¢on)ply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2(A)8. They are also responsible lor safeguarding the assets ofthe Charity and hence for taking reasonable stepb for the prevention and detection of fraud and other i¢gu[aritics. On bchalf of the Board B Duhig, Trustee R De Wreede, Trustee 13 October 2025
EDUKID INDEPENDENT EMMtNER'S REPORT TO THE TRUSTEES OF EDUKID FOR THE YEAR ENDED 5APRIL 2025 I report to the trustees on my examination of the accounts of Edukid for the year ended 5 April 2025 which are set out on pages 7 10 15. ResponsEbilities and basis ofreport As the ¢hL?rity trustees of the Trust you are responsible for the preparation of the accounts in a¢¢ordan¢e with the requirements of the Charities Act 2011 ('the Act'l. I r¢port in r¢%p¢ct of my cxamination of th¢ Tru8t¢cs' aecoiint8 carricd out und¢r scction 145 of th¢ 2n1 l Act and in carrying out y cxamination I havc folloiycd all the applicablc Dircction% givcn by thc Charity Commi%sion undcr scction14515llbl of the 2011 Act. Independent alpier'S statement J have coinpleted rny exainination. confim] that no material matters have come to iny attention in connectiot] with the examii)ation giving me cause to believe that in any mateiial respect.. accounting reLords were not kept in respect of the Trust as required by section 130 of the Act.. or {2} the accounts do nol accord with ihose records., or {3} the ac¢nunt8 di) not cnmply with the applicable requirements cfrncerning the fnrm and ¢nntent of accounts set out in the Charities (A¢count% and Report%) Regulatitin$ 2008 other than anv requirement that the accnunts give a 'true and fair view, whieh is not a matter Considered as part of an independeni examination. I have no concerns and have come across no other matters in ¢onne¢tion with the examit)ation to which attention should be drawn in this report in order to enable a proper understanding of the accollnts to be reached. Edward Meardon FCA Member of the Institute of Chartered Accountants in England ai)d Wales R T Marke & Co Ltd 69 High Street Bideford Devon EX39 2AT 7 November 2025
EDUKID BALANCE SHEET AT 5 APRIL 2025 2025 Tot&1 fund$ 2024 Total funds Unrestricted Funds Restricted funds Notes FIXLDASSETS Tangible assets 1,916 1,916 826 CURRENT ASSETS Cash at bajik and iii liand Debtor5 276,497 168,508 3,634 280,131 168,508 205,549 156,917 CREDITORS Aniounts fallin¥F due within oiie year.. A¢ciuals and defeed income {198,0321 1198.032) 1174.025) NET CURRENT ASSETS 246,973 3,634 250,607 188,441 TOTALASSETS LESS CURRENT LIABILITIES 248,889 3,634 252,523 189.267 NET ASSETS 2411,16¥9 3,634 252,523 189,267 Uni'csti'icted ndS Restricted funds 248,889 3,634 178,596 10,671 TOTAL FUNDS 252,523 189,267 The financial statements were appn)ved by the Board of Trustees on 13 October 2025 and were signed on its behalf by". B Duhig, Trustee R De Wreede, Trustee The noies form part of these financial statements
EDUKID sTATEmET OF FINANCIALACTIVITIES {INCORPOIi4TING STATEMENT OF COMPREHELNSIVE ITrICOME} FOR THE YEAR ENDED 5 APRIL 2025 Restricted Funds Deslgnated Unrestricted Funds Funds Total 2024 INCOME Incoming res(bur¢es from generated funds: Voluntary income Regular donations On¢ off donation Grat]ts Schools Income Income from Charitable activities: Educational trip5 Other income 63,494 15,412 1,000 30,264 27,500 90,994 79,757 13,492 30,264 85,808 46,980 30,828 40,269 64,345 12,492 331,205 9,859 331,205 36,584 282,428 46,128 26,725 Total Income 110,170 405,409 66,717 582,296 532,441 EXPENDITURE Costs of generAtlng voluntary incomc Stan-costs Charitible activity expenses Marketing 13,764 13.764 24,660 1,012 926 1,959 1,959 Charitable activities: Support payments to Cambodia Siipport payment5 to Palestine Siipport payment5 to Uganda Siipport payment5 to Peiu Siipport payment5 to coiintries in conflict Staff costs (UK schools) Cost of educational trips Depreciation of equipinent 28,081 28,081 31,129 16,400 88,911 22,000 59,400 9,042 59,400 37,000 1,400 37,275 305,703 1,392 27,958 1,400 37,275 12,342 1,392 39,157 309.203 1.488 1,000 292,361 Support costs Oftice costs Sundry expenses Bank charges Travel costs- UK 17,360 123 128 10,036 17,360 123 128 10,036 14,316 219 178 7.212 GovernAnce costs Staff costs Bookkeeping Indepelldent examinatiot] 3,299 3,299 3,139 732 2,800 2,120 2,120 Total Expenditure 97,523 321,719 99,798 519,040 563,482
EDUKID sTATEmET OF FINANCIALACTIVITIES {INCORPOIi4TING STATEMENT OF COMPREHELNSIVE ITrICOME} FOR THE YEAR ENDED 5 APRIL 2025 Restricted Funds Deslgnated Unrestrlcted Funds Funds Total 2024 Net in¢omel{¢xp¢nditure) for the yeAr 12,647 83.690 (33,081) 63.256 131,041) Tran5f¢rs between funds (19,684} 163,6901 63,374 Net MoVemet in funds (7,037) 211,000 50,293 63,256 {31,IMI) Fund balance blfwd 10,671 178,000 596 189,267 220,308 Fund balanee elfwd 3,634 198,000 50,889 2S2,523 189,267
EDUKID CASH FLOW STATEMENT FOR THE YEAR ENDED 5 APRIL 2025 Total Total 2024 Net incomel enditure for the re ortin as er the Statement of Financial Activities Adjustments for: Depreciation charges {Increaselldecrease in debtors Increaselldecrease) in Creditors eriod 63,256 (31,041) 1.392 1,488 (77,713) 124,022 24,007 Net cash pr(bvided by operating activities 77,064 16,756 Cash flows from investing activities Purchase of tangible fixed as5et5 (2,482) 1781) Change in ea5h and Cash equivalent5 in reporting period 74,582 15,975 Cash and cash equlvalents at the beginnlng of the reporting perlod 205.549 189,574 Cash and cash cquivalents at thc end of the reporting pcriod 280,131 205.549 io
EDUKID NOTES TO THE FINANCIAL STATETrIENTS FOR THE YEAR ENDED 5 APRIL 2025 ACCOUNTING POLICIES Accnunting convention Thc financial %tatcmcnts havc bccn prcparcd imdcr thc historical cost convcntion and in accordancc with thc Charitic Act 2011 and the requirements of the Statement of Recoinmended Practice, Accounting and Reporting by Charitie5 (The Charities SORP IFRS1021. The reporting cenCY is the pound steTling 1£). The Charity is a public benefit entity. The ChaTlty's lebTal form is that of a TSt, constituted in the United KinbTdom. Incoming resources All incoming resources are included in the Statement of Fii)ancial Activities wheii ihe charity is eniitled to the ii)come and the aniount can be qualified with reasonable accuracy. The following specilic policies are applied to particular caiegories of inconie.. Voluntary income is received by way of grants, donatiLins and gifts and is included in full in the Statemenr of Financial Activities when receipable. Grants where entitlement is not conditional on the delivery of a specific perfomiance by the Charity. are recognised when the Charity becomes unconditionally entitled to the grant. Donated services and facilities are incliided at the value to the Charity where this can be quantifjed. The value of serpices provided by volunteers has not been incliided. Gifts donated for resale aTe included as incoming resouTCeS Wlthin activities for generating funds when they are 501d. Incoine from investtnents is included in the year in which it 15 receivable. Legacies are iiicludtd when the chaiity is advised by tl)e peisoll<il repiesentative of an estate that paellt will be made ijr prvperty transfttred and the amount inN'vlveJ ran be qUtified. No illLoming resources are illLluded in the SOFA net of expenditure. Gift Aid income has been split Camix)dia 35°/o, Uganda 60/0 and Peru 5 /0. Resources expended Expendittue is re¢ognised on an a¢¢nwl basis aq a liability 18 in¢urred. Expenditure includes any V A T which cannot be fully recovered and is reported as part of the expenditure to which it relate8: Co%ts of generating fvnds comprise the costs associated with attracting voluntary income and the costs of trading for fiindrai%ing puryoses. Charitable expenditUTe cotnprises those cost5 incurred by the Charity in the delivery of its activities and services foT Its beneficiaTie5. It includes both costs that can be allowed directly to such activities and those cost5 of an indirect nature necessary to support thein. Wliere the c.harity uses othei Chaiities to provide setvices of disseminative funding on its bel)alf, tl)ese costs are included within c.haritable expenditure.
EDUKID NOTES TO THE FIliAliCIAL STATEMEliTS FOR THE YEAR ENDED 5 APRIL 2025 Fundraising costs arc thos¢ in¢urr¢d in s¢cking voluntary Contributions and do not includ¢ thc costs of diss¢minating inforniation in support of th¢ charitablc activitics. Sllpport co%ts arc thosc incurrcd directly in support of cxpcnditurc on thc objcct8 of thc Charity and includc projcct managen)ent. Tangible fixed a55et5 Depreciation is provided at the following annual rates in order to write off each asset over its estirnated usefvl life. Equipment- 3 years strai¥ht line basis Taxation The Charity is exempt from tax on its charitable activities. Fund aecounting Unrestricted fui)ds are doi)ations ai)d other incon)ing resources receivable or generated for the objects of the Charity without further spe¢ifJc purpose and which the Charity may use for its purpose at its discreiion. Designated fi]nds are unrestricted funds earniarked by the Tn]stees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the ternis of an appeal. Going concer There are no niaterial uncertainties relating to the Charity's ability to continue operating foT a period at least 12 month5 from tlie date of approval oftliese account5. TRUSTEES. REMUNERATION AND BENEFITS No Tiustees received salaTied reinuneration or benefits during the year (2024.. £nill. Trustecs. Expenses and othcr paymcntS No ainounts were reimbursed to Trustees during the year in respect of expenses. ,8TAFF COSTS 2025 2024 Wages and salaries 126,645 122,886 No employees received employee benefits of more than £60,000. The average number of employees during the year was 5. INDEPENDENT EXAMINERS FEES 2025 2024 Independent Examination Other work 1,060 1,060 1.400 1.4(M) 2,120 2,8(M) 12
EDUKID NOTES TO THE FINANCIAL STATETrIENTS FOR THE YEAR ENDED 5 APRIL 2025 TANGIBLE FIXED ASSETS 2025 2024 COST At 6 April 2021 Additions Di5P05als 5,719 2,482 4,938 781 At 5 April 2022 8,201 5,719 DEPRECIATION At 6 April 2021 Charge for year Depreciation on disposals 4,893 1,392 3.405 1.488 At 5 April 2022 6,285 4,893 NET BOOK VALUE At 5 April 1,916 826 CREDITORS: AMOUYTS FALLING DUE WITHIN ONE YEAR 2025 2024 Accrualb and defed inLoine 198,032 174.025 InLorne ieLeived iii ielation to EduLational Trips is deleTred where the tiip in question has not taken plaLe during the accounting year under review. 2025 2024 Dcferred income at 6 April 2024 Rclcased to Income and Expenditure a¢¢ount Deferred in the period 172,225 1172,225} 196,032 49,203 (49,203) 172,225 Deferred income at 5 April 2025 196,032 172,225 13
EDUKID NOTES TO THE FINANCIAL STATETrIENTS FOR THE YEAR ENDED 5 APRIL 2025 MOVEMENT IN FUNDS Net Movement in funds Transfer5 betiTreen funds At 6.4.24 At S.4.25 Unrestricted fund5 Get]eral Fund Designated Growth Fund Debigniiied CHmbodiH Fund Debignaied Uganda Fund Designaied Peru Fund Desigi)ated countries in conflict 596 63.(H)O 30,000 60,000 25.tH)o {33,081) 83,374 50,889 63,000 30,000 80,0(M) 25,000 15.326 96.091 {27,131) (596) (15,326} (76,091 } 27,131 596 178.596 50.009 19.684 248,889 Restrict¢d funds C.'ambodia Uganda Peru Bridge Trust 977 8,785 909 1,035 2,501 (1,028} (8,656} (io,o(M)) 984 2,630 20 10,671 12,647 (19,684) 3,634 TOTAL FUNDS 189,267 63,256 252,523 Transfers betmeen funds Trdnsfei"s betweeii funds during the yedr were llldde to ensure thut the funds in question reinaiiied ddequate to fulfil the putpuse for which the}. were estrdblished. 14
EDUKID NOTES TO THE FINANCIAL STATETrIENTS FOR THE YEAR ENDED 5 APRIL 2025 7b. MOVENIENT IN FUNDS Net moveinent in funds, included in the above aTe as follows.. IncomiThg resources Re50urce5 expended MovemeDt in fuThd5 Unrcstrieted funds General Fund Desigi)aied Growih Fund Desigi)aied Cambodia Fund Desigi)aied Uganda Fund Desigi)aied Peru Fund Designated countries in conflict 66.717 (99.798) (33.081) 61.706 257.773 85.126 804 (46,380) 1161,682) 1112.257) (1,400) 15,326 96,091 (27,1311 15961 472,126 1421,517) 50,609 Re5trict¢d funds Cambodia Uganda Peru Bridge Trust 29,116 61,901 18,153 1,000 (28.081) (59,400) 19,042) I 1,000) 1,035 2,501 110,170 (97,523) 12.647 TOTAL FUP4DS 582.296 (519,040) 63,256 Pu ose of unrestricted funds General funds are donations and other incoming resources receivable or generated flir the objects of the Charity without further spe¢ifi¢ purpose and when the Charity rnay use for its purpose at its discretion. Designated funds are set aside by the Trustees for the purpose of ensuring the Charity Can continue to operate in the event of a Short tcrm drop in nding, and in thc easc of thc growth fund to allo. thc Charity to grow in a su8tainablc manncr. Pur ose of restricted funds The restricted funds relate to aMoltS received in donations specific to the funding of projects in the particular country which have yet to be paid across to the Televant project. The Grants for staff costs relate to iestricted funds received for the pu05eS of payin¥ the Charity's staffing cost5 in UK schools WOTk. RELATED PARTY TRANSACTIONS There ivere no disclosable transactions with related parties during the current or previous year. 15