United Kingdom & Europe World Literacy Foundation United Kingdom & Europe World Literacy Foundation TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 April 2025 Registered office: Suite 225, 46 Eversholt Street London, England, NW11DA Charity Registration No: 1154264 Company number: 8475669 United Kingdom & Europe World Literacy Foundation United Kingdom & Europe World Literacy Foundation Independent examiners. report I report on the accounts of United Kingdom & Europe World Literacy Foundation for the period ended April 30, 2025. This Report is made solely to the trustees as a body, in accordance with the charities Act 2011. My examination has been undertaken so that I might state to the trustee those matters l am required to state to them in an independent examinerf5 report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the trustee as a body, for my examination, for this report, or for the opinions I have formed. My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanation5 from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the Statement below. Independent examinerfs statement In connection with my examination, no matter has come to my attention, (l) which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 130 of the Charities Act, and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the charities Act have not been met; or {2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Louis 1 ill4illuei.ll .: Registered Tax.44￿]r ,: Pubhc _4ccount3nl Ptofessionil Aiieiiiber reEistiatioll )10006 isrimte of PLiblLc AccoliJt￿]ls 0411 06S 4?- Iccoutituigia tbei-llli I-ILL.4 .(- C O - Louis .4ccoiilliill(T Sei'i"ices roil cotii.Jii Loui5AccountinÉ Se￿￿es Prepared byEduardo Gonzalez Rewsed by Louis Villanueva United Kingdom & Europe World Literacy Foundation Ststement of Financial Activities For the year ended 30th April 2025 413012025 413012024 Turnover Trust and Foundation 74.254.00 66,014.32 Online General UKSummit2025 8,450.95 78,459.50 18,460.00 Total turnovèr 179.624.45 6,624.82 18.550.25 91,189.39 Expenditure Administration/Fees Bank charges ResearchlEvaluatiDn Fundraising Direct Project Costs Project Development Cost Salary on costs Accounting Fees Wageslsalaries 5.410.63 21,103.35 286.85 60.00 138.960.69 18,440.09 140.00 21,128.36 1,557.47 43,292.67 Total expenses 206,164.08 1,200.00 45,416.03 Result for the Financial Year 26.539.63 45,773.36 Louis l illii lluei-41 .' Reqistered _4qent .: Pubknc .4ccoiMitint Professiou.Il meLiiber reyisuiiioii ?10066 istittire of F￿b￿C Accoiiiirant5 041, 068 4:. 7.:, .ICCQUlLlllig a tliei-IlliiTroii -ILL.4.£. C O Loui%.4ccouJiiuiy Seii"ice< Otlice." Suite 3 90. 44 Likei'ieii Drii'e. Scoie5bN' l.-ic 3 119. 4ustr,IlL3 Post31 address: PO Box l 061. l.Iouiir2uI Gale. I"Ic 3150 .coiii..i These fin3rttial st3tÈments must be read in conlunthon with the èrrached Accountanys compilation Reportand Note5 which form part of these finaniial 5fatements. Louis A￿oUntIng Services United Kingdom & Europe World Literacy Foundation Balance Sheet Detailed Balance Sheet as at 30th April 2025 413012025 413012024 Equity Retained Earnings 77,587.42 104,127.05 Total Equity 77,587.42 104,127.05 Represented by: Current Assets Cash Assets Cash at Bank - Current Account Cash at Bank- Other Funds 41,126.18 67,665.81 41,126.18 67,665.81 Total Current Assets 41,126.18 67,665.81 ShortTerm Loan Total Assets 41,126.18 67,665.81 Current Liabilities VAT Payable Short Term Loan Total current liabilities Total Liabilities Net Assets 41,126.18 67,665.81 Funds of The Charity General Reseve Fund Restricted Funds Total Funds as of at 3010412025 77,587.42 104,127.05 77.587.42 104.127.05 These financial statemerhts must be read in conjunction with the attached Accountant's C05npilation report and notes which form part of these financial ststements. Th￿￿finanCIal otLXmtn￿ rnUSE Le read In coniunth¢n I￿.h.￿e attached A¢coanTrnts compilation Repcr. ar￿ NOE￿ vthich dcrm partcft*eseffiTraTrci315taternenr: United Kingdom & Europe World Literacy Foundation Annual Statements give true and fair view of financial performance and position of the company limited by guarantee. The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025. The member5 have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for: lal ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companie5 Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the compa ny as at the end of each financial year and of its profit or loss for each f inancial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. {b) The financial statements have been prepared in accordance with the micro-entity provisions. The financial statements were approved by the Trustees on 12 June 2025 and were signed on its behalf by.. Andrew Kay Director/Trustee 12 June 2025 Louis 1-iUilUtEei'il ,' Rtqisiered Tax Aeeui. PubiLC.4ccoiuJI￿It Profegsiolljl nJembtT Tegisiritiwi •I0666 IL511tute of hLblJc Accouniii715 (HII 068 4: 1 .ICCOiUiiui¥ o di¢i'illAoroii I-ILL.4.E. C O - LtsiJiR.41(QUlll jUQT J'i-ice Office-. Suite 390. 44 LJkei-ieM" Dyii'e. Score5b!- l-LC 3 1 i9.4u5rr2lLi Post31.Iddtf 5$ PO Boy 1061_ Mouttiaui Gare. I"Ic 3156 United Kingdom & Europe World Literacy Foundation NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 April 2025 I. ACCOUNTING POLICIES a. BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with the charities SORP (FRS 102}- Accounting and Reporting by charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK Republic of Ireland IFRS 102) (effective 01 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 Comparative figures During the current year, the company has made some activities that have been allocated to expenditures in comparison with previous years where there were no attivities. b. TURNOVER Turnover represents income from Trust/Foundations grants and other organisations to promote early childhood literacy and education. c. INCOMING RESOURCES Income is included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources and the resource5 have been received. Grants and donations are included in the SOFA when received. d. EXPENDITURE AND LIABILITIES Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. e. ACCOUNTING PERIOD The Financial Statements cover 12 months from 01 May 2024 to 30 April 2025. 2. COMPANY STATUS United Kingdom & Europe World Literacy Foundation is a registered charity and a company limited by guarantee and consequently does not have share capital. 3. CAPITAL COMMITMENTS The Trustees are not aware of any capital commitments. 4. CONTINGENT LIABILITIES The Trustees are not aware of any contingent liabilities. REPORT OF THE TRUSTEES For the year ended 30 April 2025 OUR OBJECTIVES Principal goals and activities of United Kingdom & Europe World Literacy Foundation We are dedicated to transforming the lives of the world's most disadvantaged children by focusing on literacy and education. We implement sustainable programs which aim to raise literacy standards and give individuals every possible chance to receive a quality education; promoting and teaching literacy in early childhood years is not only key to success at school bLJt also later in life. STRUCTURE. GOVERNANCE AND MANAGEMENT No Changes were made during the reporting period. We believe we build trust by acting ethically, with integrity and fairness, to do the right thing. Our leadership sets the tone from the top and this mindset 15 reinforced by our culture and values: to act with integrity, make a difference, care, work together and reimagine the p055ible. Achievements in 2024-25 We have distributed an estimated 45,320 children's books. Expanded tailored literacy support services to engage more children across in East London and 7 region areas We reached over 450,000 people with educational messages through social media, online and in-person public speaking engagements. Provisions established to offer support to 6500 parents and caregivers annually through literacy advocacy sessions, empowering families and building community awareness. We received 450 hours of volunteerism during 2023-24 Further details are outlined in the Annual Report. CONSTITUTION No Changes were made during the reporting period. United Kingdom & Europe World Literacy Foundation is a Charity (registered number 1154264). Charitable status was granted on 18 October 2013. The Charity is a company limited by guarantee {registered number 8475669). The registered office is at Suite 225, 46 Eversholt Street, London NWI IDA RISK MANAGEMENT The Trustees have an ongoing policy of reviewing, identifying, and mitigating the operational, financial, and strategic risks to which the charity is exposed in the UK and around the world. A risk register is maintained, which identifies all significant risks and proposes actions to be taken to reduce the charity's exposure as appropriate. The management team reviews the risk register regularly during the year, which is formally presented to the Trustees on an annual basis. Risks are appraised through a combination of likelihood of occurrence and potential impact, with actions agreed that reduce residu31 risk to an acceptable level. BOARD OF TRUSTEES The appointment of Trustees is governed by the Trust Deed. The Board of Trustees is required to monitor the affairs and the general business of the Charity and meets as required. The following Trustees held office during the year to 30 of April 2025 and up to date of this report: Darryn Keneally, Trustee Chair, Big Brothers Big Sisters. (Appointed 01 January 2019) Dr Donald Green, Deputy Chair, President Gordon College (Appointed 05 April 2013 and re- elected 05 May 20221 Mr Andrew Kay, Trustee, Secretaryrfreasurer (Appointed 01 September 2013 and Re- elected on 05 May 2021) Dr Tony Cree, Trustee OAM {appointed 11 February 2020) Chair-world Literacy Council, Educated at Oxford University, Dr. Cree has held and continues to hold a range of senior academic positions Ms Julia Paterson, Trustee, {Appointed 11 February 2020) Co founder of a global social enterprise called GreatWrap.co Ms Samantha Sida, Trustee (Appointed 11 April 2022) Co-founder and Director of the OOH UK media company Limited Space Note: Andrew Kay, CEO & Founder of World Literacy Foundation International serves as a honorary role to United Kingdom & Europe World Literacy Foundation. RESERVES POLICY The Trustees have approved a reserves policy to maintain unrestricted reserves at a level suflicient to support the core activities of the organisation for a minimum of 3 months. This level of reserves is deemed prudent by the Trustees, to ensure that the work and services of the organisation can be planned with some certainty. This policy is reviewed by the Trustees on an annual basi5. At year end the organisation is still working towards meeting this minimum threshold. The Trustees will continue to monitor the reserves position closely over the coming year. The General Reserve Fund of £77,587.42 represents the £49,137 is unrestricted reserves of the charity arising from past operating results. The Restricted Reserves of £28,450.42 represent the unspent balance5 remaining from grants which are allocated for specific projects in 2025/26. TRUSTEES. RESPONSIBILITIES The Trustees are required to prepare financial statements for each financial period which give a true and fair view of the state of the affairs of the Charity and of the surplus or deficit for that period. As the United Kingdom & Europe World Literacy continues to develop and grow, the Trustees have agreed to adopt the UK Statement of Recommended Practice - Accounting by Charities in future accounting years. These accounts for the period ending 30 April 2025 have been prepared in accordance with special provisions relating to small companies within Part 15 of the Companies Act 2006. In preparing the financial statements, the Trustees are required to: state suitable accounting policies and then apply them consistently, Observe the methods and principles of the Statement of Recommended Practice for accounting and reporting for charities, make judgments and estimates that are reasonable and prudent, state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in busine5S. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, The Charity (accounts and Reports) Regulations 2008, the provisions of the governing document and SORP (FRSIO). They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and irregularities. By order of the Board Andrew Glenn Kay Trustee 12 June 2025