Charity registration number 1158030 {EnBland and Wales)
WORLDREADER
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

WORLDREADER
LEGAL AND ADMINisfRATIVE INFORMATION
Trustees
Mr D Risher
Ms H Ireland
Ms L Halpern
Mr P Mallin50n
MrMNye
Ms. R Chandler-Leege
Charity number
1158030
Principal addre55
20 Darmouth Park Road
London
NW5 ISX
Independent Examiner
Heathei Wheelhouse ACA
BDO LLP
Level 12
Thames Tower
Ststion Road
Reading
RGI ILX
Bankers
HSBC Bank
196 Oxford Street
London
WID INT

WORLDREADER
CONTENTS
Page
Trustees, report
ststement of Trustee5' responsibilities
Independent Examiner Report
ststement of financial artivttie5
Balance sheet
Notes to the accounts
9-13

WORLDREADER
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The Trustees present their annual report and financial statements of the Charity for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note I to the accounts and
comply with the ChariVs Trust Deed, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from l January 20191-
STRUCTURE GOVERNANCE AND MANAGEMENT
Type of governing document: Constitution
How the charity is constituted: Charitable Incorporated Organization ICIOI
Registered charity number: 1158030
Trustee selertion methods: Apart from the first Charity Tnjstees. every Trustee will be appointed for a term of 4 years by
resolution passed by the Trustees at a convened meeting. In selecting in(Jividuals for appointment as Charity Trustees, the
Charity Trustees must have regard to the skills. knowledge and experience needed for the effertive administration of the CIO
(Article 10 WR Constitution).
The Trustees who served during the year were=
Ms. Hermione Ireland Ichair of the Board of Trustees)
Ms. Lucia Halpern (Secretary of the Board of Trustees)
Mr. Peter Mallinson
Mr. Martin Nye
Ms. Rebecca Chandler Leege
Mr. David Risher
Charity's Organizational Stwrture within the wider network: Worldreader Global Initiative IWRGII
Worldreader is a global initiative implemented by various separate legal entities that work in close collaboration. Currently,
there are 4 other legal entities registered under the Worldreader Global Initiative
worldreader.or
US registered a5 a 501lcl3 Charity incorporated in the State of Washington-
Fundacion worldreader.or
registered as Foundation under the Spanish Ministry of Education with public benefit recognition,.
and
ital Readin
Foundation
"DRF"
registered in India as a company limited by shares and not for profit incorporated under
Section 8 of the Companies Act 2013- and
worldreader.or
Ken
a registered as an International Non-Governmental Organization under slo of NGO Coordination Act.
We work globally with partners to improve reading outcomes in children ages 3-12. We develop and provide evidence-based
reading programming to community-based organizations, schools and other learning institutions, and the private sector,
resulting in children'5 improved reading comprehension, social-emotional competencie5. and digital literacy skills.
To achieve their mission, all Worldreader entities condutt charitsble and educational outreach programs to provide services to
underserved communities. All entities have similar, if not identical, purposes but each entity contributes to the global mission
considering its main strengths and opportunities. Worldreader UK'S main aim is to raise funds in order to support WRGI'S
common mission.

WORLDREADER
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
CIO Funrtioning
Dayto day management
The Trustees delegate the day-to-day management of the organisation to the WRGI integrated corporate and management
structure. This is a global structure formed by global teams located across all the WRGI entities where there are not distinct
reporting lines for each officelentity but rather reporting relationships based on functional positions le.g. operations, finance,
marketing and communications). While these global teams have the authority to manage all the organisation'5 operations the
Trustees are the ultimate party responsible to guarantee that all funds are utilised for charitable activities as defined by the
Charity Commission Guide on public benefit and Worldreader UK'S Constitution.
Risk management
The Trustees have considered major risks related to Governance. Finènci31 ènd Compliance with laws and regulations to which
the CIO is exposed and determined there are no specific areas of concern. Systems and procedures to manage general business
risks are in place.
Going Concern
The trustees consider the Charity to be a going concern on the basis that there are adequate resources to meet the limited
annual expenditure that is incurred running the charity. The trustees confirm that at the time of approving the financial
statements. there are no material uncertainties regarding the Chariws ability to continue in operatior)al existence for the next
12 months.
Public benefit
The trustees confirm that they have referred to the guidance contsined in the Charity Commission's general guidance on public
benefit when reviewing the charity's aims and objettives and in planning future activities and setting the grant making policy
for the year.
Express appointments for key functions
Ms. Hermione Ireland continued to exercise the role of Authorised Official, HM Revenue & Customs IHMRCI, and the Charities
Commission, which wa5 duly notified to the Chartty Commission in 2025.
Financial Management
The day-to-day accounting and financial management of the CIO is managed by the WRGI'S finance team, led by the Director of
Accounting based in the US. However, the Trustees would maintain at all times the final decision-making powers that in no
case would be delegated to the staff members of the WRGI.
OBJECTIVES AND ACTIVITIES
The main goal of Worldreader UK should be to fundraise to support WRGI activities and make grant5 to other WRGI entities
andlor external organisations that would be better prepared to implement projects aligned with its mission.
The Trustees meet regularly and decide which entity, either WRGI or external, would be more effective implementing the
activities funded by the UK donors. To identify the best partners, the Trustees have the capacity to request WRGI entities or
third parties to send grant requests or to review and evaluate un501icited grant requests. Once a request is received the
Trustees need to review it and they need to decide by a majority vote if the request is to be approved. Once approved the
Trustees are responsible for regularly supervising all grants implemented by reviewing the activity and financial reports agreed
with the implementing partner. The Tru5tee5 can agree on additional supervision measures such as field visits, inviting project
managers to report during Trustees meetings andloi any other methods the Trustees see fit on a case-by-ca5e basis.

WORLDREADER
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
Objectives
The objertives of the CIO are: lil to advance the education of the public- and lill the prevention and relief of poverty or
hardship.
In each case, in particular but not exclusively by=111 making digital books, materials and new technologies available to families
and their children,. and121 promoting and supporting inwtiatives that use new technologies to provide immediate access to
written materials.
Nothing in Worldreader UK'S Constitution shall authorise èn application of the property of the CIO for purposes which are not
charitable in accordance with section 7 of the Charhties and Trustee Investment (Scotlandl Act 2005 and section 2 of the
Charities Act INorthern Ireland) 2008.
Achievements and performance
Worldreader Global Initiative works globally with partner5 to support vulnerable and underserved communities with digital
reading solutions that help improve learning outcomes.
During 2025, Worldreader UK'S main activities were-
To identify grant opportunities to Worldreader Kenya, Latin America. and beyond,. and
To ensure supporters are informed, engaged, and stewarded for the contributions they provide.
Worldreader UK 2025 advancement perfomiance
In 2025, Worldreader UK obtained philanthropic investments of £IOO,00012024'. £9,391) from one individual donor in the form
of a multi-year pledge12025-2027.1 These funds enabled Worldreader UK to further its outreach in support of families and their
children reading in Kenya and South Africa. along with enhancernents to Booksmart. and the 27.000+ titles across five
languages IArabic, English. Hindi. Kiswahili. and Spanish) as a public good. across 100 countries and 312.000 families globally
Reserves Policy
It is the policy of the charity that unrestricted funds should be maintained at a level equivalent to three month's expenditure
excluding restricted grants. As of April 2026, three months, recurring expenditure, based on the prior three-year average is
£3,000. The Trustees consider that reserves at this level will ensure that, in the event of a sigr)ificant drop in funding they will be
able to continue current activities while consideration is given to ways in which additional funds may be raised. this level of
re5erve5 has been maintained throughout the year. The reserves freely available at year end was E19.41212024.' £26.5331.
The total reserves balance for the year was £81,37212024.. £18,7491- £70,000 of this was restricted12024= Nill, with the
remaining £11,37212024- £18,749) being unrestricted.
Financial Review
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that the systems are in place to
mitigate exposure to major risks.

WORLDREADER
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
Financial Review Icontinuedl
Income & Expenses
l. Income
All donated income received by Worldreader UK during the financial year came from individuals. Thanks to all donations
received, Worldreader UK was able to support its key obertives.
Income
2025
2024
Major Gifts & General Donations
Corporate Giving
loo,000
£391
£ 9,000
Total
i(M).000
£ 9.391
2. Expenses-
All of the expenditure incurred has been allocated to the gener31 charitable èctivities.
2025
2024
Support Costs
Travel
£ 56
£ 629
£500
Bank Charges
Governance Costs
£ 56
£ 129
£ 7,321
£ 5.040
£ 2.281
£ 30.0
£ 10,762
Independent Examination Fee5
Accountancv
Grant funding of activities
Total expenditure
£ 10,762
£ 55.000
£ 37.377
£ 66.391
ADVANCEMENT PLANS FOR 2026 AND BEYOND
In 2026, Worldreader UK, with support of the global team, will align its fundraising efforts to support 50,000 families in Kenya.
In addition, it will continue to offer Booksmart and the 2700+ titles across five languages (Arabic, English, Hindi, Kiswahili, and
Spanish) as a public good. Therefore, Worldreader UK'S Board of Trustees intends to raise £IO,DOO of income, to align with the
amount raised historically outside of one-time la￿e dorbations. through direct donor outreach utilizing personal networks.
Signed on behalf of the Trustees
Ms. Hermione Ireland
Date..
614126

WORLDREADER
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
STATEMENT OF TRUSTEE'S RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees, Report and the accounts in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which
give a true and fair view of the State of affairs and of the of the incoming resource5 and application of resource5 for that year.
In preparing these accounts. the Trustees are required to=
select suitsble accounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent-
state whether applicable accounting standards have been followed. subjert to any material departures disclosed and
explained in the accounts,. and
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in
operation.
The Trustees are responsible for keeping suflicient accounting records that ère sufficient to show and explain the charit¢s
transactions and disclose with reasonable accuracy at any time the financial position of the and enable them to ensure that the
accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the
trust deed. 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 other irregularities.
Signed on behalf of the Trustees
Ms. Hermione Ireland
Date..
614r26

WORLDREADER
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WORLDREADER
FOR THE YEAR ENDED 31 DECEMBER 2025
I reportto the trustees on my examination of the accounts of the Charityfor the year ended 31 December 2025. which are set
out on pages 7 to 13.
This report is made solely to the charity's trustees. as a body. in accordance with Regulation 31 of the Charities (Accounts and
Reports) Regulations 2008. My work has been undertaken so that I might stste to the charity's trustees those matters l am
required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted bv
law, I do not accept or a55ume re5pon5ibility to anyorhe otherthan the chartty's trustee5 as a body, for my work, for thi5 report,
or for the statement I have made.
Responslbllltles and basls for report
As the trustees of the charity you are responsible for the p￿paratIOn of the accounts in accordance with the requirements of
the Charities Act 20111.the Act")
I report in respect of my examination of the chariVs accounts carried out under section 145 of the Act and in carrying out my
examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act.
Indepèndent examinerfs statèment
I have completed my examination. I confirm that no Tnaterial matter5 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 130 of the Act; or
the accounts do not accord with those records," or
the accounts do not comply with the accounting requirements concerning the form and content of the
accounts set out in the Charitie5 (Accounts and Report51 Regulations 2(X)8 other than any requirement
that the accounts give 3.true and fair view. which is not a matter considered as part of an independent
examination. or
the accounts 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
IFRS 10211.
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 3 proper understanding of the accounts to be reached.
D￿￿$￿an•4 by:
Signed..
DA15AED75D454$3...
Heather Wheelhouse ACA
BDO LLP
Level 12
Thames Tower
Station Road
Reading
RGI ILX
Date- 09 April 2026

WORLDREADER
srATEMENT OF FINANCIAL AcfiviTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
Unrestrlrted
Restrlrted
Total
Total
Unre5trirted
funds
2024
funds
2025
funds
2025
2025
Notes
Intome from:
Donatr'ons and legacies
Ico.c
100.c
9,391
Total income
i￿),C
100,c
9,391
Ex
enditure on:
Charitsble achvities
7.377
30.IKX)
37,377
66,391
Net lexpenditurel/income for the yearl
Net movement in funds
17.3771
70.1
62,623
157,1I)01
Fund balances brought fon￿ard
18.749
18,749
75,749
Fund balances tarried forvArd
11.372
70.1
81,372
18,749
The ststement of financial activities includes all gains and losse5 recognised in the year.
The ststement of financial acbvities includes all gains and losse5 recognised in the year. All income and expenditvre derive from
continuing achvities.
The notes on pages 9 to 13 form part of these accounts.

WORLDREADER
BALANCE SHE
AS AT31 DECEMBER 2025
Charity numbèr: 1158030
2025
2024
Notes
Current assets
Debtor5
Cash at bank and in hand
66,(KK)
23.412
26.533
89.412
26.533
Credltors: amounts falllng due wlthln one year
18.0401
17.7841
Net current assets
81.372
18.749
Income funds
Restricted funds
Unrestricted funds
11. 12
11. 12
70.IJJ)
11,372
18,749
81,372
18,749
The financial statements were approved by the Trustees on .
614r26
Ms. Hermione Ireland
Trustee

WORLDREADER
NOTES TO THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting policies
Charity information
Worldreader is a registered Charity. The registered office 15 20 Darmouth Park Road, London, NW5 ISX. Detsils of Tru5tee5 are
mentioned on page l. The principal activity of the Charity is to fundraise to support WRGI activities and make grants to other
WRGI entities and/or external organisations that would be better prepared to implement projects all￿ed with its mission.
1.1 Accountin8 convention
The financial ststements have been prepared under the historical cost convention and in accordance with the Statement of
recommended Practice.. Accounting and Reportrng by Charities preparing their accounts in accordance with the Financial
Reporhng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffecttve l January 20191 (Charities SORP IFRS
10211, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities
Act 2011.
The financial ststements have been prepared to give a 'true and fair. view and have departed from the Charities (Accounts and
Reports) Regulations 2￿8 only to the extent required to provide a 'true and fair, view. This departure has involved following
Atcounting and Reporhng by Charities preparing their financial statements in accordance with the Fi)ancial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 rather than the Accounting and Repotting by Charities..
ststement of Recommended Pracbce effertive from l April 2005, which has Sin￿ been withdrawn.
The financial statements are presented in £ sterling and rounded to the nearest £1.
1.2 Going concern
At the time of approving the accounts. the Trustees have a reasonable expectation that the Charity has adequate resources to
continue in operational existence for the foreseeable fvture and believe are no material uncertainties about the entitiy'5 ability
to continue as a going concern. The Trustees therefore believe that it is appropriate to prq)are the accounts on a going
concern ba515 and the charity will be in existence ft)r at least 12 months following the signing of the h"nancial statements.
1.3 Income
Income is recogni5ed when the Chartty is legally entttled to It after any performance condition5 have been met, the amounts
can be measured reliably. and it is probable that income will be le￿Ived.
EKpenditure
Resources expended are recognised in the period to which they relate.
Direct charitable expenditure comprises all the expenditure relating to the activities carried out to achieve the charitable
objectives.
Support costs represent Costs that cannot be direttly attrib￿e￿ to aciivities. These costs have iEen allocated to the charitable
activitt'es on the basis of grant expenditure.
Governance includes the costs of compliance with constitutional and statutory requirements and has been allocated across the
charitsble activities in the same proportion5 as support Costs.
rinancial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify a5 basic financial instruments. Basic linancial
instruments are initially recognised at transaction value and subsequently measured at their settlen*nt value.
Bosicfinonclol tsssets
Basic financial a55ets, which include debtors and cash and bank balances, are initially measured * transaction price including
transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement
constitutes a financing transaction, where the transacbon is measured at the present value of the future receipt5 discounted at
a market rate of interest. Financial assets classified as receivable within one year are not amortised.

WORLDREADER
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Accountin8 policies
(Continued)
Impairment offinanciol assets
Financial assets. other than those held at fair value through income and expenditure. are assessed for indicators of impairment
at each reporting date.
8asicfinancial liobilities
Basic financial liabilities. including creditors a￿ initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of the future rec8pts discounted at a
market rate of interest. Financial liabilities classified as payable within one year a￿ not amortised.
Funds strutture
Unrestricted income funds comprise those funds which the Trustees are free to use for any purpose in the furtheran￿ of the
charitable objects.
Restricted funds represent funds available to meet specific expenditure as specified by the fund Fyovider.
Further details of unrestrirted funds is disclosed in Trustees. ￿pOrt.
1.7 Grants payable
Grants payable are payments made to the third parties in the furtheran￿ of the charitable objects of the Charity. Single or
multi-year grants are accounted for when either the recipient has a ￿asOnable expectation that they will receive 3 Érant and
the Trustees have agreed to pay the grant without condition. or the recipient ha5 a reaSona￿e expectation that they will
receive a grant and any condition attathing to the grant is outside of the control of the Charity.
1.8 Creditors and provisions
Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably.
10-

WORLDREADER
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Donations and lègacies
Unrestritted
funds
Restrirted
fund5
Total Unrestrictèd
funds
2025
2025
2025
2024
Major Gifts & General Donations
Corporate Giving
I￿.000
IC￿.000
391
9,000
i(x),000
I(KI,OLK)
9,391
Charltable activlties
Unrestrlcted
Restrlcted
Total Unrestrlcted
fund5
fvnd
funds
2025
2025
2025
2024
Grant funding of acbvitie515ee note 41
30,(KK)
30,IKKI
55,000
Support C05t5 (see note 61
Share of governance costs (see note 61
56
7.321
56
7.321
629
10.762
7.377
30.C
37.377
66,391
Grants Expenditure
UnrÈstri£tÈd
funds
2025
Restricted
funds
2025
Total Unrestrictèd funds
2025
2024
Grants to institutions..
Grants to Worldreader Kenya
30,(
30,000
55,1XJO
30,￿)0
30,000
55,000
Taxation
The Charity 15 exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the
Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitsble object&
11

WORLDREADER
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Support Costs
Governance
2025 Support Costs
Governance
costs
2024
Bank charges
Travel
56
56
129
129
51K)
500
Independent examination
fee5
Accountancy
5,1)40
2.281
2.281
10,762
10,762
56
7.321
7.377
629
10,762
11.391
Trustees
None of the Trustees lor any persons connected with them) le￿ived any ￿MuneratiOn. any expenses reimbursement or
benefit5 from the Charity during the current or prior year.
Employees
The average number of employees in the year is nil12024= nill.
Debtors
2025
2024
Amounts falllng due wlthln one year:
Accrued income
66,000
io
Credltors: amounts falllng due wlthln one year
2025
2024
Accruals
8,040
7,784
li
Anal￿$ of net assets between funds
Unrestricted
funds
2025
Rèstritted
fvnds
2025
Total
UnrÈstrirtèd
funds
2024
2025
Fund balances at 31 December 2025 are represented
bv..
Actrued intome
66.000
66.000
23,412
18.0401
Cash at bank
Accruals
19.412
18,0401
26,533
17,7841
11,372
70.000
81,372
18,749
12-

WORLDREADER
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
12
Analysis of funds
Funds 31 Decembèr 2024
Intome Empènditure Funds 31 December 2025
Unrestricted funds
18.749
17.3771
11.372
Restricted funds
100.CrfKJ
70.CXJO
Total
18.749
100.cKxJ
37.3771
81.372
Fund5 31 December 2023
Income Empenditure Funds 31 December 2024
Unrestricted funds
75,749
9,391
166,3911
18,749
Totsl
75.749
9.391
166.3911
18.749
Re5trirted fund5 relate5 to supporting Worldreader'5 global mi55ion by covering general operational costs for Worldreader
Kenya.
13
Related party transactions
During the year. £llJ).000 of restricted income was from a trustee IP Malinsonl to support activities in Kenya. £34.000 of this
income was received in 2025 and there was a debtor balance at year end of £66,(W to be paid in 2026-2027. A resulting
£30.(m12024'. £55.IXXJI grant was awarded to Worldreader Kenya.
13-