Charity Registration NO. 1159480
Company Reglstratlon No. 09040143 (England and Wale51
ONEBILLION LEARNERS
ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

ONEBILLION LEARNERS
LEGAL AND ADMINISTRATIVE INFORMATION
Trusto0s
MrAGAshe
Mr D G Gentili
Mr R D Newman
(Appointed 18 July 20251
(Appointed 11 September 2D251
Charity number
1159480
Company numbor
09040143
R•gistered office
315-317 New Klrgs Road
London
England
SW6 4RF
Audltor
Kirk flce LLP
Zeela House
200 Upper Rlehrnond Road
Putnay
London
United Kingdom
SWI52SH

ONEBILLION LEARNERS
CONTENTS
Page
Trustees. Ipport
Statemènt of Trust8gs' r85ponslbllllles
Indèpandent 8udllor's report
8-10
Consolidaled stal8rnenl ol financial activi118S
Consolidaled Charity balance sheet
12
Consolidaled char(ty slaletnenl of cash flows
13
Not8s lo thè financial stat•m8nls
14-28

ONEBILLION LEARNERS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
Th1$ 15 Ihg ¢onsolldatsd report relatlng to On•Bllllon Learners (Yie Charllyl¢harltable ¢ompany-l and Its wholly
owned subsidiary. OneBillion Children I'yhe Group")
The Trustees present their annual report and financial ¥latemenls lor the year ended 31 March 2025.
The financial stalem8nls have been prepared in accordance with the accounting policies sel out ir) note 110 the financial
slatements and comply with the Charity's Memorandum and Articles ol Association incorporated 14 Kfjay 2014, the
Companies Act 2006 and Accounting and Roporting by Charili8s'. S181em8nl ol Rocommendecl Pr8¢b¢e appli¢abl¥ lo
charities preparing their 3ccounts in accordance wlh th8 Financial Reporhng Standard applicable in lh8 UK and Republic
of Ireland IFRS 1021 (effective 1 Jonuary 20191..
Oblectlves and acllvbtbes
Th8 charitabl• obi8clwés l Obj8cls"I, for which On8bllllon Leam8rs Is incorporat8d, ara s8t out In tha Mamorandum and
Articles ol Association, and are as follows..
11 To advanco the education ol marginalis8d children and adults around thg world in such ways as thè charity Irust89S
think fit, including by..
doveloping educallonal software In m81hs, readlng and wrfling, in rnuI￿￿e languages, for chlldren and their
18achers.
Usln9 in(Jependent evideiic?.based research and evaluallon lo develop Ii)tervenfjoiis ¢liat work.
setting up cenlres ol excellence. lo demonstrate best practice,
• woikiriy with partn8r organi%ations lo scal8 up provan solutions, using approprlat8 hardware.
21 The advancement o18uch oiher charitablè purpos86 as the Iru$le8s shall Iram lime lo Ilme determine.
To effect these Objects the charills Trustees have paid particular attention to..
11 Dtsvolopmenl ol educational 1gd)nology 8(Aulions in schools anrl communities across sub-saharan Africa and beyond
involving sUPPOrting partners lo pr)cure low-cost Android lablels dedicated lo Onebillion's educalional software and
providing support with set-LJP, training of facilitators, development of equitsble implernentation plons,. and working with
governments 10 s¢altr evid8nca-b88ad piogramm8s.
21 Moniloring of the effectiveness of such solutions as gn eduoalional tool, and making improvements os o result.
31 Exploilin9 success in the Global Learnin9 XPRIZE cornpatition and 3_y8ar Play for All srant from th8 LEGO Foundation
lo refine the stslutr'ons lor foundats'on81 reading and numeracy such tt)81 they create deeper imp8cI for811 children 8nd may
be deployee on a broader basi8.
The Trustges hav8 paid due r8g8rd lo guidan¢¢ issued by Ihg Charity Comrnission in deciding what gcbvilias th¢
charitable company should undertake.

ONEBILLION LEARNERS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achlevgments and perfomiance
The fin8n¢ial performance of Onebillion Learners in Ihg Unilgd Kingdom is displayed in the accornpanying fin8n¢ial
st8t8m&nts on pages 11 to 27.
Onebillion has continued lo support the Malawi Ministry of Erlucalion together wrth 8 consortium of partners including
Imagin8 Worlolwid8- in 11$ nationwide scale-out of On8tab to every primary school. for every Standard 1-4 learner. Phase
2 01 Ihe rollout (the rollout will rpach 6000 govemment primary schools by 20291 began in September 2023 and is
currently impacting approx. 700,000 leamers across 1000 schools. A 2-year Randomised Controlled Trial is scheduled lo
begin in September 2025.
Onebillion is now in the 2nd year of a 3-year. £1.9M grant from the LEGO Foundation, focused on improving the leaming
ex￿rienCe lor n8urodlverganl Chi￿ren and Iherolore for all chlldr&n. Onebllllon has now dgvolopee th& first Igrm's worth
of pre-on8cour8e conlenl with support from the LEGO Foundation grant. This conl8nl Is scheduled lor impl8rrentalion
across the Malawi BEFIT pro9ramme from September 2D25, and is des19ned lor children to develop rhe skills Ihey need in
ord9r lo progrtrss through Ong¢oursg and Dlher ¢urrl¢ulum malgrlals. Thgse skllls Sncludtr langua9¢, numbgr strnse,
executive lunclion, and SOCAO-emolional skills.
Onebillion h8s further oplimised Ihg adaplive mode of Ongcoursg lo deliver pgrson81ised, aulontsmous learning session9
that address the laarning needs ol any child, including irnprovements la the sequencin9 01 materials in the lowest lev81s ol
Onecourse.. the usage of a Grade-level bullon lo tailor content to the school stgge ol the child,. and higher-level
6ncyclop6dia and non-fiction conlonl lor tsmerganl r6ad8rs,
Onebillion hos been wvrking closely wlh Ils porlner Imggine Worfdwidp on tho development of s¢g1ing plan$ in Sierra
Leong and Tanzania, as well as an inili81 pilot with the &Jv8rnmanl ol Guinea. Technical itsviews ol the conlenl hav8 b8¢n
undertaken by govemrnenl officials in Tanzania with a view lo onboarding a further 50+ schools in September 2025. The
evonlug18irri in Tgnzania is lo work wilh 011 prirnaiy sctrK)ols, SUPPOrting Ihe gDveinment lo ernbed progiatnme within
the Ministry ol Education for long terrn sustainability.
Onebillion tr￿S localised Onecourse into Bahasa Indonesia following a partnership with the Foundation ol the President ol
Indonesia th,ho intends lo bring 100.000 Onelabs into Indonesia lo serve marginalised ¢hildren by end of ¢alendor year
2025. 5000 Onelabs have alrgady been ordergd for an inits'al pilot and are due lo be dglivered in Summer 2025,
Onebillion hu8 continued to SUPPDrt exists'ng Partners and est£ablish relulionships With new scaling Partners. In 2024, it
made a PLJbll¢ pledge wllh Irnoglne Woddwlde lo Impact an addllional 5000 rgfLJgeg childrgn, and has bggn cloggly
SUPPOrting Reluge8-Led Organisats'ons in Dzaleka Refugee Catnp (Malawil lo scale irnplementalions with in-8choL)l and
oul-of-school children.
Onptab is nnw in usg. in nvgr 17 r.nun1ri￿3 Ar.ro85 Suh-SAharan Alrr.a. Nnrth Arngrir.H, Snuth AMArir￿ 4Jnd Ihg Caribb8Hn.
Reporting Irorn partners shows that oneoourse is in use by over 1.4 rnillion children globally.

ONEBILLION LEARNERS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Actlvltlg$ durlng tho ygar
Dev8loprn&nl of our On8coiJrs8 softw2r8'.
Developed a m8cro-pl8n for new content which rneels the needs ol children who 8re not school ready. followed by
exlensive prototyping and tssting of new acts'vities arnounting to approx. one schod term's worth ol new content.
Embedded the outputs of a review by external experts into our conlenl development process, in order lo develop
¢onlenl th81 better meets Ihe needs of chil(Iren with Special Edu¢81ional Needs and Disabilities. Our group of
experts includes adults wilh lived experience of SEND. acadernics frun the Global North and Global South. and
practitioners working closety with children with SEND.
Further expanded the one¢ourse digi181 library, increasing its representation ol new contexts including Indonesla
and fanzania and of neurodivergent children, and dev81op8d longer stories for children who are Now functionally
Relin8d software 'pr&s61s' lo d&llver partlcular v8rslong of the softw'ar6 lo partlcular partners or ¢onl8xls leg
d81iv8ring a bespok8 learning session length lor the Malawi classroom model, or particular language combinations
for rnultilingual refugee communities).
Rtfined Ihe usa ol Grade level buttons lo more 8pproprlalely differenllale ¢onl8nl batween 1he Ilrsl four prfmary
school years that us8 the c?nt8nt, including designing lor lower-level conlenl to be delivered in Grade 1 only.
D8v8loprn8nl ol our Or,glab d8dicat8d learning d8vIc8'.
Partnered wlth a n8w tablet rnanulacturnr in Chlna lollowlng the closure of th8 pr8vious manutact(Jr8r. On8bllllon is
also liaislng wlth Irnagine Worldwidè and other partners Its ¢onts'nually research 8nd improve the tablet, prote¢live
bumper and headphone accessori8S Wlth consKl8ralion lo cost.eff8cliven8ss, 8nvironm8n1al sustainabilily. and
durability in cha118n9ing 1o¥ning 8nvlronm•nls.
Supporting Ihè scaling of tablel-based le8ming inilialives through partner organigations..
Expanded our partnership with Imagine Worfdwide into Tanzania in preparation lor a governmenl-owned roll-out of
onelob. onebillion also ¢onlinues lo support Imogine 0$ ils ex¢lusive Softwore distributor in Sierra Leone, ano hos
had discussions with Ihe World Bank #round tho first phase ol a n8lion81 scalg-out with the Government ol Guinga.
Supported the Ministry ol Education in Malawi, as well as a growing consortium ol donors, implementers and
researchers, lo implement the 2nd year of national s¢aling, ￿heduled lo rea¢h 3.5 million ¢hildren annuolly by
2029.
Supported partners in innovative, comrnunity-based onetab models including with Relu9ee-Led Organisations,
whgrg Pgrsonal lulors do1Sver onelab s$sslons lo out ol s¢hool ¢hildr*n,
Worked direcUy with the President ol Indonesia's Foundation lo il run an inikn'al onelab pilol in peri-urban school8 ill
localise the software into Indonesian iiil develop rollout plan5 lor Bn initial 5000 onetabs lor rngrginalised children in
the wunlry and Iv) rlevelop future plans for nallonal rolloLJI.
Supporied Scaling partner EIDU to deliver onecourse leaming sessions in Kenya lo 375,000 children.
Publ1¢ b•n¢fit provldgd
The Charily's Trustees have ootnplied with Ihe duly in 8gGlion 4 of Ihg Chariligs A¢1 2011 lo have dug regard lo Public
Benefit guidance published by the Charity Cornmi55ion. All Trustees gave their time voluntarily and received no benefits
from tha Charity. No Trust8a rèclaimad any gxpansos from tha Chartly durlng th& currènt or provious yaar.

ONEBILLION LEARNERS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Flnanclal revlew
Ongbillion and its 1r¥ding op&ra1ions undertaka thrèa distinct lypos of a¢livily'.
1. Research and development of educational software the purpose of whith is to meet its charitable objectives.
2. Feasibility and relationship develctpment Ifor example with education ministries in emerging e¢Dnomiesl to
6s1abli8h when and how onebilllon's educalonal solutions can ba deployed.
3. Specific projects. often with partners such as NGOS, to deploy and'roll out, its educational solutions.
Projects in category131 may be on a larger scale than thDse in111 and121. Funding is obtained in ad*ance lor any specific
proje¢l of ¢81egory131, and therefore reserves are noi required lo ensure the progression of these projects.
Categories111 and121 are funded by al the commercial sale of onebillion's educational software in developed economies
lor which IhEre is a well-established tradin9 history, reducing any forecasting risk, and bl by charitable donations and
oranls.
Polley on r•s•Th•s
Annu81 budge18 are propared, Progross is monitored mcffllhly ol wsls and revenues, and finances aro raviewed 81 Trustee
meelings. It is Ihe aim of the Trustees lo ensure that Onebillion has enough cash, or reliable promises ol donations. lo
lund at least 3 months lO￿ard planned apAivily within ¢aiegorie$111 and121 above, after pjlowing lor the lore¢asl revenues
from commercial saltr ol software. Thig lev61 ol r6s8rv68 providès stability in stsffi'ng and yoje¢l pr¢gr&ssion whilè giving
lime lo lund-raise to avoid any shortfall or if ner.Bssary. r&duce costs. Onebillion has established links with a diverse range
ol charit8ble funders, in¢lLJding individuals, oorporations. family offi￿5 and other institutions and believes there is sufficient
iversily to afford reasonable ¢onlid9n¢e that addition81 lunds could b9 found in timts,
The succ88$ 38 a flnalisl ol the Gl¢b81 Loamirn9 XPRIZE compéllllon has much increased the ¢hadly8 resèrves. The ¢8sh
and profile is also being used lo scale up the activities ol the charity, in particular with new projecis and distribution
partners, thus placing extra demands on the charity's resources. To miligale medium temi risk the ¢harity is seeking lo
8nsur8 In partnèrshlp ￿tIVItY that h rèeovèrs ai) 8pproprlalè18vèI of Its dlréct 8nd IndirèM CDSts.
Thè Group holds r8s8rY8S totallino £4.239,733 split b8tW88n r8slric18d funds of £1,165,478 and unr8strict8d funds of
£3,074,255.
The Trustees havg 8ss8gsed th8 major rlsks lo whlch the ¢h8rStable company Is exposed, anrl are sailsllgd that Systems
are in place lo mitigal8 exposure lo the major risks.
Dlfflculty In rllslng unrestrlctod lund8
Awareness ol the chdrily's activities has increased significantly and the Charty has piloted a number of new products.
Together, the rosull is many more opportunitlos. The challcngo of so¢unng unrostrictod funds limits ¢apabillty lo
address the issues we see as prioiily, We address this by high s8leclivily, by conts'nuing lo invest in relationship Iocu88d
dir￿ markets'ng. by a diversity ol unrestricted lunding streams and by maximising cost recowery.
Loss and ¢orruption of data
The risk has been rnil'galed by introducing further controls on extemal backups as well as introducing an additional back
vp server for Ihe remoie a¢¢ess.
D¢mand lor th¢ Charlty'$ s•rvl¢&s
Th8 Charity rtrmains srnall bul ils sU￿e$S and incr8ased visibility. 89 a lormtrr joint winner of the $15M Global Leaming
XPRIZE, means the demand for its services continues to dramalically increase and is likety lo continue lo do so. The risks
are being managed by tight ¢riteria for selection of partners to act as channels lo deliver Ihe ¢h8rity's innovative learning
solutions io children arKI schools.

ONEBILLION LEARNERS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Futuro Plans
Onebillion Lgamers is not acliv8ly 86eking new funding opporiunth'es 8$ il ha8 been 8ward8d a 3-y8ar grant froTh tha
LEGO Foundation to furth8r d8v8lop and localis8 on@c￿r$• to b8 mor8 impaclful 2nd acc8ssibl8 to n8urodiv8rg8nt- and
therefore all- children. 11 wll howevei Continue lo apply for pri2es on a case-by<8se b8S1S.
Funding for the second phase of the Malawi national scaling programme has been secured through partner Imagine
Worfdwide.
Onebillion charges a software licence lee of S5 pei tablet. This is charged lo Ihg p8rtner when they place an order ol
Onetabs directly from the tablet manufacturer. The fee is waived lor research projects and small trials Ihat inform scaling,
8nd may be reduced over lime. Onebillion has comrnilled io providing Ils software lor free in Ma18wI. which is excluded
from this software liCe￿e policy.
81ru¢¢ur•. 9ov•man¢• •nd rnonag•m•nt
On*billion Lgarnèrs dèvalops softwar8 to supptsrt chlldr8n to l•ain foundational skllls, wheraver thèy arè. Onèbllllon
Learners wa5 incorporat8d and wistered wilh tho Gharity Gomrni55ion as 8 tharily in England and Wale5 in 2Q14
Iregislered charity number 11594601.
Onèblllion L8am8rs Is a company Ilmlted by guaranté8 gov8rn8d by Ils M8morandum and A￿clOS ol Assoclatlon
(company nurnber 090401431.
Thg Trustees. who are al80 the Directors for Ihg purpos£ ol cornpavy law, and who served during Ihg ygar and up lo the
dale ol signature of the financial 51alemen15 were..
IrAGAshe
Dr S Murdoch
Ir J M Yeomans
Ir O G G•nti1S
Ir R D Newrnan
IResigned 18 July 20251
IRosigned 11 Seplembor 20251
IAppoint8d 18 July 20251
IAppointed 11 September 20251
Appolntmont of Trust90S
In accordanca with thg rsquiremgnl lor 113 of Ihg Truslges lo slep down 8nnually. Simon Murdoch ha$ Sleppod down and
offered hirnsell lor re-9￿ctiOn,
Further, in accordance with Article 34 and 35 01 the Company's Article ol Association, additional Trustees may bè
appointed by th8 Board during th8 course of th• yèar.
The criteria that the Board take into account in appointing people as Tru8lee8 is whether they possess ski118 that will be
useful to the Board and that can ￿ used lo fill gaps in the experien￿. knowledge or contracts of the Board and can
¢onlrlbut# m#aningfully to th• work ol th¥ charity.
Th9 Tiustg8S arg rgsponsible lor the rn8inlenan¢p an¢J integiily ol Ihg group atKI financial information inrludgd th
group's web5ile. Le91￿latIOn in the Unitp.d Kingdom goveming the preparath'on and di5sernination of financial statements
may differ from legislalDn in olherjurisdiclions.
Organisation
The Directors ol Onebillion Learners are its Tiuslees forthe purpose of charity law and throughoul this report are
colle¢tlvely ielgrred lo as Ihg Trusieeg.
The Trustees shall not be less than three in nutnb8r, bul are not subject to any maxitnurn.
Related partles
The Charity owns 100°h of Ihe share Gopitsl of 8 trading Subsidiary Onebillion Children Lirniled. 11 IE intended Ihat over
lime Onebillion children becomes profitable and begins tD repay the loan frorn Onebillion Learners. ￿e of Ihe Tru8lee8
Andrew Ashe is a150 a Director of Dnebillion Children Limited.
Auditor
In a¢¢ord8n¢o with tho Company's arti¢l¢$, a rgsolution proposing that Kirk Ri¢e LLP be re8ppoifpted as auditor of the
company will be pul al a General Meeting.

ONEBILLION LEARNERS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Disclo$ur• ol information to audittsr
Each of the Trustees h85 confirmed that the￿ is no Infom181ion of which they are 8W8re whieh Is relevant to the gudil, but
ol which the auditor is unaware. They have further confitmed that thBy have taken appropriate steps lo idenlify such
rel&vant Infomiation and to establish that thè audltor is aware ot such Inlomalon.
Tha Truslegs, rèport was approv&d by the Board of Truslèas.
MrAGA$h•
Trustee
Dal¢d,' 15 December 2025

ONEBILLION LEARNERS
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
Th8 Truste8s, who are a150 the dir8Ctor5 01 Onebillion L8arn8rs for Ihe purpDse ol cornpany law, ar8 responsible for pr8paring
the Trustees, Report and the financial statements in a￿ordanCe with applicable18w and United Kingdom A¢counkn'ng
Standards (United Kingdom Gener211y A¢¢opLad Accounting Practical.
Company Law requires the TrusteÈs to prepare finan¢ial statements for each financial year which give a true and fair view ol
thè slatè of affairs ol tha charitablè company and ol thè incoming rasourcès and application ol rèsources, including thè
Incotne and expenditure, of the charitable cornpany for that year.
In pipparing these financial statetn8nts, the Tiustges ar8 r8quir8d lo..
select suitable accounkn'ng pc)licies and Ihen apply them consistently..
observ& th8 m8thods and princlplès In th• Charltlès SORP",
maké iudgarnants and astimal8s that aro r&asonabl8 and prud•nl', and
prepare tho Ilnanclal slatements on the going conc8rn basis unles8 5115 inapproprlal8 lo pr8sum8 Ihat Ihe charitable
company will coniinue in operation.
Th8 Trust88s ar8 responsibl8 lor k8eplng adéquate accountSng r8cords that disclose wlth r8asonabl• accuracy at any Ilm8
¢h• Ilnancial positson ol thè charitdble compdny and 8nabl8 Ih&m to énsurè thal th8 financlal stdl8m8nts cornply with the
Comp8nie5 Act 2006. Thèy are a150 responsible lor saf￿U8rdlng the assets ol thè ¢h8rft8ble company and hen¢e lor taking
r8asonable steps lor th8 p.revention and deleclion ol fraud and other irregularities.
Thp Tnislees are responqible lor the maintenance and Inlpgnty ol the charity and financial information included on the
charitable ¢CJmp8nls ￿'8b$ll¢. Le9islatlon in the United Kingdom oovernlnu the prepar8llon and dis6emin8llon ol fin8n¢i81
slatemenls May differ from legislalion in other jurisdictions.

ONEBILLION LEARNERS
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF ONEBILLION LEARNERS
Oplnlon
Wts h8V& 8udited the finan¢ial stslamènls ol onabillion Learners Ilhg 'charilable ¢omp¥ny'j and ils subsidiaries Ilh&'group'l
for th8 y8ar 8nd8d 31 March 2025 which comprise the consolidated stal8ment Dn financial activities, th8 consolidated and
charity balance sheet, the consolidated statement ol ¢ashflow and the noles lo ihe financial ststements, Including significant
accounting polici88. The financial ieporiing framework Ihal has been applied in their prep8ralion is applicable law and Unilej
Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and RBpublic ol
Irelond Iuniled Kingdom Generally A¢¢epled Accounting Pracli¢el.
In our opinion, the financial staternenls..
give a true and lair view ol the slate ol the group's and ol the charitable company's affairs as al 31 March 2025 and of
Iha tolal incoming resources and application of resoLJrees for the parent charity and its subsidiary undertakings for the
yèar thèn éndtsd..
have been property prepared In accordance wlfh Uniiecl Klngdom Generally Accepted A¢countlng Pr8Ctlce,' and
have been prepared in acc(rdance wrth the Charities Act 2011.
Basls for oplnlon
We condu¢ie¢ our audft In o¢¢ordan￿ Internaiionol s¢andor¢s on Aurjltlng IUKI IISAS IUKII ¢n¢ 0ppll¢able law. Our
rgsponsibililie3 under Ih0s9 Standards are lurthgr des¢ribgd in the Auditors rgwonsibililies for tho au￿1( ofihe fin8nGial
51atomonls soction ol our report. We are indopendenl of tho charilablc company in accorthnce with the ethical ￿quIrementS
that are ralevanl lo our audit of the flnanclal slatamants in Ihg UK, Sncludlng thé FRC'S Ethical Standard, and w8 hava lulfi118d
our other elhical re5pon5ibilili85 In accordance wilh these r8quiremgnl3. Vve believe tral audit evidenGe we have obtained
is suffiGient and appropriate to provide a basis for our opnion.
Conclu$lons r•latlng lo golng con¢om
In auditing the lin8n¢ial sl8ternent$, have con¢luded that the Trustees, use of the 9olng wn¢ern basis of 8¢¢ounllng in the
preparation ol Ihe linartial stalem8nls is appropriate.
B886d on work we havè p8rfomod. w8 h8v• not Idèntlflèd any m81èrlèl uncèrtainll$s rèlallng lo èvénts or condllions that,
individually or collec￿'ve1y. may cast signilicanl doubl on the Group's or the parant Charity's ability lo continu8 as a going
concorn lor a period ol 811è8St twèlv8 monlhs frorn whèn thè financkql st8lÈmants ar8 8Uthorisod lor Issuè.
Our responsibililitrs and the responsibilities ol the Truste&s with respect lo going concern are described in the relevant
s¢¢lions ol this report.
Other infomiation
The other information comprises the infomiation included in the annual report other than the financial statements and our
•uditor'6 roport thor•on. Thè Trustees aro r06ponsiblo ftr tho other Inforrnation coniain6d within thè snnuol r6POrt, Our
Dpinian on the linanual slatamtrnts dotrs not cover the olhtr infomation and wa do not •xpr¥ss any lorm ol assuranc8
conclusion thereon. Our responsi&ility is lo read the other inforrnation and, in dolng go, consider whelher the other information
is materially inconsistent with the financial statements or our knowledge obtsined In the course of tre audit. or otherwise
appears to btt materially mis51ated. If we idantily such material inconsisltrncies or appartrrrt malarial misslatamenls, we are
required to delemiine whether this gives rise lo a material misstaternent in the financial statements themselves. If. based on
the work we have performed, we conclude that there is 8 material misslatem8nl of thSs other information. w8 are requSred to
raport that fact.
We h8v8 nothlng to report In Ihls ragard.

ONEBILLION LEARNERS
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF ONEBILLION LEARNERS
Matters on whlch we are requSred to report by excepllon
Wts h8v& nothing lo report in rgspe¢l of Ihts Idlowing matters in relation lo which tha Ch8rilias IA¢¢ounts and Reportsl
R8gulatioNs 2D08 requir8 us to r8POrt to you if, in our opinion..
the inlormab'on g'ven in the financial slalements is inconsistent in any mal&ri81 re$p8Ct with Ihe Trustees, r&tK)rt', or
Suffic￿￿1 accounting records have not been kept,. or
the finanaal slat8mgnts arg not in agre8ment with thg accountSng rècords,, or
we hove not received 911 the information and explonations we reqLiire forour audit.
Responsibilities of Trustee8
As explainfjd more fully in the statement of Trusle85' responsibililies, the Trustees. who are also Ihg Directors of the
charitable rompany for the purpose ol rampany law, are responsible for the preparation nl the financ.ial 8talpments and for
hE>ino s&lisligd Ihal th$v fjivo a Iriiè snd fair viow. and for $Li¢h inl#mAI ¢ontrol a* th• Tiiisloas do16Jrrnin$ is n•r$ssary lo
enable the preparation of financial stat&ments that are free from material misstatem&nt, whether due lo fraud or error.
Audltor'5 responslbllltles for the audlt of the flnanclal statements
We have b88n appointéd as auditor und8r S￿￿'on 1 $101 the Chariti8s Aci 2011 and r&pcsrt in accordanc8 wlth th8 Act and
relevant regulations made or having effect Ihoreunder.
Our obje¢tiv88 are lo obtain reastsnabltt assurance about wh6lher the financial stal8m8nls as a whole are free Ifom malarial
misstatement, whelher due lo fraud or error, and to issue an audilorfs report that includes our opinion. Reasonable assuran-e
is a high level ol assurance but is not 8 guarantee that an aLJdil conducted in a¢cordance with ISAS IUKI will ahMays dete¢l
material misstatement when rt exists. Misstalemenls can arise frorn fraud or error and are considered material il. individually
or in the aggregate, they could reasonably be expected to influence the economic decisions ol users taken on the basis ol
these financial stolemenls.
Th8 extent lo which our procedures are capable of d8leaing irregularities. including fraud, is detailed b810w.
Based on our underslandlng ol tho greup and Ils envlronmenl, we Sdenllfied Iht prfncipal risks ol non-compliance wllh laws
and regulations related to the Cornpanies Act 2006 and Ihe Charities Act 2011 and we considered the exlanl lo which
non-complian¢e might have an effect on the linancigl sletements. We also Considered the direct irnpacl ol these laws and
r9gulatlons on the linan¢l81 Stale￿nIs. Wo evaluated Incenllves and opportunllltrs lor Iraudulenl manbpulalion ol the nn8n¢lal
3tBtemenls including the risk of ovflrride ol control8, by the director& Trustee8, mhnfigemenl and th0￿ re3pon8ible for. or
involved in, the preparation ol the undetlying a¢counling records and financial st8lemenls, and delermined Ihal the principle
risks wer& rglaled lo lh8 posting ol inappropriatè jOUTnals lo manipulate financial rayulls or Conceal the misappropriation ol
assets and wleniial rnanagement bias in accounting estimates. Audit procedures perfOr￿d includ8d=
• T•sllng lournal •nin'85 whor# w8 id•nlifi¥d particular fraud risk cril#rfa',
Revittwing granl 8greemenls',
Holding diswssions with man8g8mènt and the btsard of Trustèès lo identify siynifitanl or unusual transactions and
known or suspected instances of fraud or non-compliance with laws and regulalior6',
Tssling estimatès and judgamants mada in prgparation of thg financial statèmanls.. and
Asserting financial slalemenl diselosura8, and agraelng Ihesa lo supportlng evldance, for corrpliance with applicablo
laws and regulations.
Th8ro artr inhtsrenl limiiations in th8 audit proc8durtrs d*scribod abDv•. We arnloss likely lo b8cum8 awaro of in¥tant•s of
non-compliance with laws and regulation5 that are not clD5ely related to events and transactions reflected in the financial
statements. Also, the risk of not detecting rnalerial misst2tements due to fraud is higher that the risk of not detecting one
rgsulling froTll an error, as fraud may involva delibeiale concealtnenl by, for exatnple, forggry or inl8nd8(J misrepres8ntation
through collusion.

ONEBILLION LEARNERS
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF ONEBILLION LEARNERS
A furth8r description ol our r85pon5ibilities Is available on the Financial Reporting Council'5 website at..
httP5.'Ihwww fr¢.org.uklauditorsresponsibilities. This de5CriPtion forms p8rt of ow auditorfs report.
Use of our report
This report is made sol&ly to tha charity s trust689, as a body, in accordance with part 4 of the Charitias (Accounts and
Report51 Regulation5 2008. Our audit work has been undertak8n so that w8 might state lo the charills Iru5188s th058 matters
ie are required to state to them in an auditorfs report and for no ot￿r purpose. To the fullest exlent perrnitled by law, we do
not accept or assum8 r8sponsiblllty lo anyon8 oth8r than Ihe charlty and lh8 eharity's trusl8&s as a body, fDr our audSt work
for this r8POrt, or for the opinions vi8 hav8 formed.
Jam•$ Moody IS•nloi Statutory Audltorl
for and on b•half of Kirk Ricè LLP
15 De￿rnber 2025
StatLrtory Audltor
Zèttta Hous
200 Upper Richrnon¢J Road
Putn8y
London
Unll8d Klngdom
SW15 2SH
Kbrk RIC8 LLP is èllglblè for appoSntmenl as audltor ol tho charllablè company by vlrtu6 of ￿ ellglbllily for appoinlmenl as
auditor ol a cornpany under section 1212 of the Companies Act 20(￿.
10-

ONEBILLION LEARNERS
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
fur)d5
2Q25
Re5trictsd
funds
2025
Totsl Unreslricled
funds
2024
Restrldèd
funds
2024
Totsl
2025
2024
Income and endowments from..
Donalions and lega¢i$s
her tradlng aclivlles
Investments
Other incorne
200,000
7,553
34,075
93,319
1,290,048
1.490,048
7,553
34,075
93,319
158,365
19,833
86,677
71,739
744,562
902,947
19.833
86,677
71.739
Total Incomè
334,947
1,290,048
1.624.995
336.634
744,562
1,081.196
•ndltur• on:
Charitable 8clivilies
274,782
625,127
899,909
982,430
300,774
1.283,204
Nel gainslllossesl on
investments
12
1158 0981
1158,0981
N•t movgmgnt In funds
197 9331
664,921
566.98
1£45,7961
443,788
1202,1X)81
Fund balances at 1 April
2024
3,172,188
500,557
3,672,745
3,817,984
56,769
3,874,753
Fund balan¢•$ at 31
March 2025
3,074,255
1,165,478
4,239,733
3,172,188
500,557
3,672,745
Th8 Stat8m8nt of financial activlli85 includes all galns and losses r8cognis8d In th8 yaar.
The statement of finan¢lal acllvilley In¢lude8 all galns and108s98 recognlsed Sn the year. All Income gxp8ndllure derlv8
from continuing aclivili8s.
Th8 slatsrn8nl ol financlal activlli&s also complies with th8 r8qulr•m8nls lor an income and oxp•ndllur8 accounl under th8
Companitrs Act 2(106.
11

ONEBILLION LEARNERS
CONSOLIDATED BALANCE SHEET
AS A T 31 AIARCH 2025
GROUP
2025
GROUP
2024
CHARITY
2025
CHARrtY
2024
ag reststed
Nolas
Flxed assèls
Investrnenls
Current assets
Stocks
Det)tors
Cash at bank and in hand
17
1,110,405
1,344.405
234.000
18
19
3.440
378.246
2.813,973
9,805
224.491
3,615,357
2,013,931
2,769.568
1.586,075
3.583,641
3,195,659
3,849,053
4,783,499
5,169,T16
Crgdltors= amounts lalllng du• wlthln on•
year
21
166.3311
1176,9081
13,0001
16, 1501
Net current as8018
3,129,328
3,672,745
4,780.499
5,163,566
Total a¥s•ts l•$s ¢urront Ilabllltlg$
4,239,733
3,672,745
6,124,904
5,397,5e8
Incorne funds
R8strict8d funds
Unrestricted funds
23
1,165,478
3.074,255
500,557
3,172,188
1,165.478
4,959,426
500,557
4.897.OQ9
4,239,733
3,672,745
6,124,904
5.397.5e6
Th8 charitsble cornpany is enlilled lo the exemption Irorn the audit requirement contained in section 477 01 the Cornpanies
Act 2006, for the year 6nd8d 31 March 2025, although an audit has been carried out under section 144 of thè Chariti&s Act
2011.
The Directors acknowlodg9 their r¢sponsibililigs for ensuring that Ihg Charity kggps a¢¢OLiiling records which comply with
section 386 01 the Act and for preparing financial statements which give a true and lair vie'w ol the slate of affairs ol the
charitable company as at Ihe end of the linan-ial year ar,d of ils incoming resources and application ol resources, including
ils incotne and exp8ndilure, lor the financial year in accordanc8 wilh the rèquir8tn8nts ol sections 394 and 395 and which
otherwise comply with Ihe requirements of the Companies Act 2006 relating lo financial 5talernenls, 50 far as applicable lo
the ¢harirabie Company.
The members have nol required the charitable company lo obtain ai audit ol ils lin8ncial slalemenls under the requirements
of the Companies Acl 2006, for the year in question in accordance with sectr'on 476.
Th¥s¥ financial slat¥m8nts hav¥ L*¥n prapar¥d in acCo￿aNC& with th¥ provisions applicabl¥ to CL>mpanios subjocl to the
small cornpanies regime.
The financial slalemenls were approved by the Trustees on 15 Decernber 2025
IrAGAshe
Trustee
company Ro9lstratlon No. 09040143
12-

ONEBILLION LEARNERS
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
NoteB
Cash flows from operatlng actlvltl•s
Cash generalgd from opgralions
533.741
41.964
Invèstlng actlvlt5•8
Purchase of invesiments
Inveslrnent incomè rts¢8ived
11.2C9,2001
34,015
86,677
Nfjt ¢•$h I￿$d In}Igon•rat¢d from Inv•$tlng
o¢tlvltl•$
{1,235,1251
86,677
Flnanclng actlvltlo•
Repayment ol borrowirvJs
11QO,0001
Net ¢aJh u88d in finan¢ing Ictiirytie
1100,OODI
Not Id•¢r•asèlllncrèa$• In ¢ash and ¢ash oqulval•nts
1801,3841
128,641
Cash ond ￿$h equivalgnlg gt beginnlng of yfjar
3.615.357
3,486,716
Ca$h and ¢g$h equlva19nl$ 01 ond ol y94r
2,813,973
3,615.357
13-

ONEBILLION LEARNERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Ac¢ountSng pollcle8
Ch8rity infowmation
Onebillion Learners is a privato charitable company limlted by guarant88 Incorporat8d in En9land and Wales, Th8
r8glsterod officè Is 315.317 Nèw Kings Road, London, SW6 4RF, England.
1.1 Accounting conventlon
Th& financial stalem&nts hav8 b88n pr8parèd in aceordanc& ivith lh8 Compani8s Act 2006, th& Financial R8POrting
Standard applicable in the UK and Republic of Ireland IFRS 1021 and 'Accounling and Reporting by Charrties..
Stalement of Recommended Practice applicable to charities preparin9 their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Irèland IFRS 102118ff@ctiv8 1 January 20191. Th8 charltaNe
¢ompany18 a Public Benefll Entity a8 d8fin•d by FRS 102.
The financial slalements are prepared in slerfing. which is Ihe functional currency ol the charit8ble cornpany. Monetary
amounts in Ihtrso financial slal$monts are rounded lo thg neartrsl £.
The financial stalemenls have been prepared under the historical cost convents'on. The principal acoounling policie
adopted are sel ¢ul below.
1.2 Golng ¢on¢¢m
Al the lirne of approving Ihe financial slaltrmon18, the Trustèès have a rèasonablts expèctalioft Ihal Ihtr ¢haril8bl8
company has adequate resources to continue in operational existence for the loreseeahlp lulure. Thus the Trustees
continue to adopt the 90ing concern basis of ac¢ounting in preparing the financial slalemenls. There are no materi81
uncertainties reltled to 8vent6 or conditions that cast signific3nl doubl on the charitable company's ability lo continue
as a going concern.
1.3 Charllabl• fundy
Unreslri¢led funds are available for use 81 the discretion of the Truslees in lurtheran¢o ol their ¢harilable objectives.
Re8tricl8d lunds are subject lo specffjc conditions by donors or grantors 8$ lo how they may be used, The purpose8
and uses ol th8 r8strict8d funds ar8 sèl out in th• nolas to tho linanaal slat8ni8nls.
1.4 Incornfy
Incom& Is racognis8d whtn th8 charitable compaw is18gally entitlèd to rt aftèr any p#rfomanc9 conditlons hav8 b88n
mèt, thè 8mounts can bè me8sured re118bly, and it is probable that incom8 will be re¢èiv8d.
Donations are received frorn individuals and eorpoialion8. onebillion Leamer8 reclains Gift Aid Irom HM Revenue and
Cuslufris wliere ¢iyvfvpiidlE duLuiriBiiLdliuri Iidb tjeeri rttveived IroiTI Ilie duriur.
Government grant8
Government grants are recognised at the lair value ol the asset received or receivable when there is reasonable
assur8nce that Ihtr granl conditions will be m91 and the grants wlll be re¢&ived.
A grant that specifies performan￿ conditions is re¢ognised in income when the performance conditions are met.
Where a gr8nl dots$ not speclfy perforrnance conditions11 is recognlsed in income when tha pr￿ed$ arts recelved or
receI￿able. A grant received b&lore the recognition criteria are satisfied is recognised as a liability.
14-

ONEBILLION LEARNERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
A¢¢ounting policies
Icontinutdl
1.5 Expendituro
Expenditure Is r￿Ognised On￿ there is a legal orconstructive obligation to transfereconomic benefit to a third paty, it
is probablo that a tr8nsf¥r ol oconomic bongfits will bo roquired in setugmgnl, and Ihe amount of the obligation can b$
measured reliably.
Exppndilur9 is classiligd by activity. The costs of each a¢tivity arg rnad9 up of thg tol31 ol dir9ft ¢osts and shared cosls,
induding suppom aosts involved in undertaking each activity. Direct costs attributable to a singl& activity are allocated
directly to that activity. Shared costs which contribute to more than one activity and supptsrt costs which ale not
allributabl8 to a single activity are apportion8d balwa8n tho$8 aclivit18s on a basis Lonsist8nl with Ihe use ol resources.
Central staff costs are allocated on the basis of tirne spent. and depreciation charge5 are allocated on the portion ol the
asset's use.
All expèndlture Is ac¢oLJntèd for on an accruals basls and, In accordance with th• r8qulrem8nts ol the SORP, has 8ith8r
been classified d'recyy to or allocated 8s appropriate support cost5 over the Charity's main 8ctivilies uider the
SORP ol th8 funding of On8Billion Childr8n and ils Gov8rnanc8.
1.8 R•¥¢)rGh and dovglopmgnt *xp•ndltur•
R•s8arch and d@v•lopm8nt 8xp8ndilur8 is wrStl8n off against profits in th8 yoar in which it 15 incurr8d.
1.7 Flxed asset Invoslmonls
Fixed osset investments are inltielly measufed gt transaction prf¢e excluding Iransactlon cosls, and are subsequently
mvasurod at l•ii valut at e&h reportin9 dale. Changes in fair valu? ar* recognised in not incomtrllexpenditurel lor th
year. Transacllon costs ar8 8XP8ns8d as Incurr8d.
1.8 St¢¢k$
Stock5 are slated al the lower ol cost and 8slirnaled selling price less costs to complet& and sell. Cost comprises direct
m8terials and, where applicable, dire¢l18bour costs and those overheads that have been incurred in bringing the
stocks to their present locatDn and condition. 118m5 held for dislributs'on al no or nominal consideration are measur8d
th8 Iow8r ol réplac8m8nl coil and cost.
1.9 Co$h and ¢8gh gqulvolgnts
Cssh and cash equival8nls includ8 cash in hand, dgposits hdd al eall wth bankg. olher short-18rm liquid inv8StmenlS
with original maturities ol three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings
1.10 Flnanclal In8lruments
Flnonclal assgts and fln8n¢lo1 Ilabl1￿19$ arg re¢ognl$ed whgn 1hg Company b*¢om?s a porty lo Iho wnlraclual
provisions of the financial inslrumenl.
Bask flnancl•l •ssets
Debtors do not carry interest and 8re 518ted at their nominal value. Appropriate allowan￿5 lor estimated irrecoverabl
amounts are recognised in the Profil and Loss account when there is objectiv8 evidence that th8 ass81 is impaired,
Baslc flnanclal Ilabllltles
Creditors arB not inter85t b#arlng and ar¥ indudae al Ihtrlr nomlnal value.
1.11 Relirement benefits
Payw£nls to deliied Contril￿tiOTr retirement benefit schemes are charged as an expense as they fall due.
15-

ONEBILLION LEARNERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
A¢¢ounting policies
Icontinutdl
1.12 Duotness combinations
In the parent company fina￿la1 stalernenls, the cost of e business combination is the fair value at the acquisition date
ol the assots given, gqLllty instrumgnls issued and liabililios incurred or assumed, plus Costs dir&¢lly allributabltr lo th
business wrnbination. The exces5 of the ¢osl of a business cx)mbinatr'on over the lair value of Ihe identifiable assets,
liabilities and contingent liabilities acquired is recognised as goodwill. The cost ol the combination includes the
9Stirnat8d amount of contlnS8nt consideralion that is probab19 and can bF rn9asur9d rgliably, and 15 adjustgd for
changes in contingent consideration after the acquisition date. Provisional lair values recogni5ed fr)r business
combinations in previous p￿IodS are adjusted retrospectively for final lair values determined in the 12 months Ic)Ilov4ing
Ihg acquisition datg. Invg$lrDenls in subsidiarie$. joint v$ntur89 and a$socig1es are a￿￿Unted for al cosl19s9
impairment.
Deferred lax is reGognised on differencgs between Ihe value ol assets lolher than goodwill) and liabilities reGognised in
a busines5 combination arLounted for using the purchase methad and Ihe amounts that can be deducted or assessed
for tax, considaring thè manner in whlch Iha carrying amount of th8 assèl or Iiabillty is axpact8d lo b8 racoverèd or
5ellled. Thg defwed t8x recognised 15 8dju51ed 8gain51 gogilwill or ng98llve goodwll.
1.13 Bas18 of consolldatlon
The cDnsolidaled group finan¢i81 slalements consist of thé fin8nci81 slalements ol the parttnl company OneBillion
Leamers Ltd togolher with all entitles controlled by th8 parent company lils subsidiari&sl and th8 group's share of its
interests in joint ventures and associates.
All financial stalem8nts ar• mad8 UP to 31 March 2025. wha￿ n8c8ssary, adluslm•nts ar8 to thé Ilnancial
st8temènls ol $LJbsidiaries lo brlng the 3c¢ounting policies Ljsèd into line wllh thosè LJs&d by other rnemb&rs of the
group.
All inlr8-group transactions, balances and Ljnrealised gains on transactions belween group companies ore eliminated
on consolidats'on. Uni8alis8d lossès ar6 also eliminal6d unless the transaction providès 8viden¢8 of an impaiim6nt of
th8 ass81 transf8rr8d.
Subsidiarits are Consolidated in the group's financial slalamenls from the dai8 thai ￿ontrOl ¢ornmènc8s until th6 data
that control ceas&s.
Enb'lies in which th¥ group holds an intorest and which ara joindy controlled by the group and or more ulher
venturers under a contractual arrangernenl are treated as joint ventures. Enlilies other than subsidiary undertakings or
joint ventures, in which the group has a parti¢ipaling Interest and over whose operating and financial policies the group
exercise5 a significant influence. are Irealed as a$so¢iaies.
Inv8slm8nls In jolnt ventur8$ 8nd a8s0¢18lès 8re earrltrd in Ihe group balancè sheet al wsl plus posl-8¢quisilSon
chariytrs in the group's share ol Ihe ntrl assets of enlily. less any impairrnenl in value. The carrying values of
investments in jtint ventures and 8ssooiates indude acquired goodwill.
If thg Qmup.￿ 8har8 al108$94 in a jnint vgnturfl or assnr.iAlp t>qual8 ar 8xr.88d8 11.8 iniftslmpnt in Ihg jninl venturE* or
associate, the group does not recognise further losses unless it h8s in¢urred obligalions to do so or has rnode
Payments on bèhalf ol the joint vtsnture or associate.
Unrealised gains 8rising from transa¢tions with joint ventures ond 8ss00iates are eliminated ID the extent of the group's
interest in Ihe anlily,
16-

ONEBILLION LEARNERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Crltlcal accounung estlmates and Sudgements
In the 8pplie8bon of the ch8rit8ble ¢omp8ny'$ 8¢counting PC>licie8. the Trustees are required to make judgements,
estirnates and assumptions about the carrying atnDunl ol assets and Iiabililies that are not ieadily apparent Irotn oth8r
sources. The esknmale5 and associated a5surnplions are based on hi5101ical experi&nee and othèr factors that are
considered lo be relevant. Actual re5u115 may dlffer from these estSmates.
Thp p.*limAIp* And ijndprfying A88iJmptinnq Arg. rp.vipwpd nn An nnonino hAqi¢ Rp.vi*inn* In Aernijnlino p.8lim2ip.8 Arp
recogn159d in the perlod in which the estimate is rev158d where the revlsvjn affects only that perlod, or In the period ol
the revision and Tutur8 periths where the revision aff8cls both current and future periods.
Crltlcjl Judg&rn•nl$
Impalrmont ol Bubsldlary
Th8 charity ass85585 whetr8r there are indicators ol impairm?nl in ils subsidiary on an annual basis. This involves
judgemont in evaluating financial perfomonce, future viability, and tho value of und¢rlyin9 assets. Where indicator3
exist, an Impairment r&viaw1s ¢8rrlod out, and any n8c8ssary adjuslm8nls are mada lo refl8¢1 Iho rgcoverable arnount.
This assessrnenl involves e6tirnalion and is consider8d a key area of judF)8rnent.
Recoverability of inter¢ompany loan
Group d8blor b8bnGe5 ere reviewed regularly by the directors for 8ny evidence ol irvpairrnenl due lo lack ol
recoverability. The review will consider numerou5 factors including the underfying net assets, projected earning5, and
likély luture cash inflows ol lh8 rospectr'v8 •ntiti8s. Whère it 15 consideréd that th8 récov8rabl8 amount is lowèr than th8
carrying valua, any Impalmi8nt Is racognisad in thè stai8m8nl of compr8h8nslv8 Incnme. Th8 dir8clors do not consid&r
thère lo be any Indl¢8lors of impalrment and therelors inlereomp8ny debtor bal3n¢es wntlnue to be hèld 8t Ihelr
carrying valua. Givan th8 Inhèrènt unc6rtainty in th858 judgarnents, chaTrJas in undarlying assumplions could léad lo
malerlal adjuslmenls In reported values,
17-

ONEBILLION LEARNERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from Investments
VnrÈgtricted Unr•9trictèd
funds
lunds
2025
2024
Inte￿1 receivable
80,G77
Othgv trodlng ¥¢tlvlllo8
Unre8lTi¢i¢d Unrè8tri¢ted
funds
lund•
2025
2024
Oth8r tradlng aefjvlty Incomè
7,553
19,833
oth•r Incom•
Unro8trl¢t•d Unrestricted
fund8
fund5
2025
2024
R&D tax reol8ims
93,319
71,739
19-

ONEBILLION LEARNERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allocat￿ to acUvltl•s
Support Governance
Costs
Co$t$
2025
Support Governance
Costs
Costs
2024
Staff costs
Other staff costs
Repaire and renewals
Travel and accomodation
Bank charges
Insuran
Gen8ral expensès
Entertainiiig
Exchange rat8 dKf8r•nces
Accountancy
556,196
17,988
963
69,957
707
930
4.701
308
120,1181
556.196
17.988
535,670
19.120
1.066
61,336
526
892
4.242
322
37,646
535,670
19,120
1.066
61.336
526
69,957
707
930
4,701
30fj
120,1181
11.832
4.242
322
37,648
14.454
11,832
14.454
631,632
11,832 643.464
660,820
14,454
675.214
Analys•d b•lwe•n:
Charilablo aclivilies
631,632
11,832 843,464
660,820
14,454
675.274
631,632
11,832
643.41i4
437.758
12,765
675.274
Charbtablo *¢tivitit8
Edu¢atlon ol Edu¢atlon of
marglnalls•d marglnalls•d
hildren
hildren
2025
2024
Dir$¢l Costs
256,445
212,015
Grant funding ol activities (see note I
395,915
Shale of support cosl$1s99 nole 71
Sharè of go￿rnanc• costs Is## noto 71
S31,632
11,832
660,819
14,455
899,909
1,283,204
Analysls by fund
Unreslricled funds
Restricted fund5
274,782
625,127
982,430
300,774
899.909
1.283,204
-20-

ONEBILLION LEARNERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Net movernent In funds
2025
2024
Th? net movamenl in fund$ 1$ ?taled after chorgirngllcredilingl,.
Fges pay8bl8 lo the charitys auditor..
for the audit of the charily's financial statements
for tax advisory services
for other financkal servlces
8,000
800
10 Audllor'$ romunoratlon
Fees payable to the ¢harlty'$ audltor and assocloies,.
21125
ZD24
For audbt sor¥lcgs
Audil of Ihg IlnaThJal statements ol the charity
8,000
For other sorvices
Tax8lion eompliancè servic8S
All other non-au¢il servic98
800
3,500
650
6,154
4,300
11
Tru$tg•$
None ol the Trustees lor any person8 wnnecled with them) received any remuneralion or benefit8 from the charitable
company durin9 the year. It should be noted that purchases of £54.84012024'. £54,840) were made from Eurotalk Ltd,
a company In whl¢h a Iruslgo. Andrfjw Ashe, Is a $lgnlll¢anl gh8rfrholdgr,
12 Galns and loss•s on Inv•gtm•nts
Unre5tr1cted Unregtrfcted
funds
lunds
2025
2024
Galnslllossèsl ailslng on:
Revaluathon of inveslrnents
1158,0981
13
Employgfjs
Thtr average monthly number ol staff employed by the subsidiary was 9 12024.. 101. The Charity does not ernploy any
staff.
21

ONEBILLION LEARNERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Employ•¢$
Icontinutdl
Empltsymont eosts
2025
2024
Wages and salaries
Social security costs
Otlier pension costs
493.747
51,892
1Ct,557
471,616
53.911
10,143
556,196
535,670
K•y manag•m•nt ￿r$o￿n*1
Th8 Trus18es are considered to be the key management per￿nnel and they have waived their right to any
emoluments from OneBillion Leamers. Full time lttal staff saLgries are dètermined by negotiation 8nd reference to
ralès in tha ar88 for comp8rabl& work,
Thts number ol employees whose annual remuneialion was more than £60.000 is as
follo¥%8.'
2026
Nymb•r
2024
NuM￿r
£60,00110 £70,C()O
£90,001 to £100,000
14 Taxation
The charity is exgmpl from laxalion on its a¢tivilie$ bgcause all ils incorne is applied lor charitable purp08eS.
The subsidiary p￿pare$ 8 corporaliDn18x relum 8nd is due a R&D reolaim in the period, this is recognised as other
incorne Ino18 61.
15 Intangible fixèd a$$èt8
Int¢lleGtyal property
Group
Cost
At 1 April 2024 and 31 Marth 2025
750,(
Amortlsatlon and Impalmignt
At 1 Ppril 2024 and 31 Marth 2025
750,1X)O
Carryiny amount
At 31 March 2025
At 31 March 2024
-22-

ONEBILLION LEARNERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Intangible fix•d 48sots
Icontinutdl
16 Flnanclal Instruments
21125
2024
Carrylny amounl of flnan¢lal a88ets
Instruments rneasured al fair value through profit or loss
1,110,405
17 FIx9d a$sgt Invo$tsnanls
GROUP
2025
GROUP
2024
CHARITY
2025
CHARITY
2024
Stock porilolio inve51menl
Shares in group und8rt3klng
1,110,405
1,110,405
234,000
234,CK)O
Total
1,110,405
1,344,405
234,COO
The Charity's investments al the Balance Sheet dale in the share capital ol companies include the lollowng..
Subsldlary
onebillion Children Limitsd
Registered Office,. 315-317 New Kings Road, London SW6 4RF
Company Number.. 08966136 IEn9land ond Wales)
Chsrily holds 1000/• ol Ordin8ry Shsres in gubsi(lary, 8ach share hss full rights in th$ cornpany in respect to votin9
and dislribulions.
The r8suIts lor this subsidiary were as follows..
2025
2024
Tumover
Expenditure
666.080
1826,431 }
635.251
1781,7011
Nel profiVIosS to the Charity
1160,3511
1146,4501
Aggregate capital and reseNes
Aggregate assets
Aggregate liabililies
11,651,171)
226.093
11.877.2631
11,490.8201
266,011
11.756.8311
-23-

ONEBILLION LEARNERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Stocks
2025
2024
Finished goods and goods for rgsale
3,440
9.8Q5
19
Debtors
Group
2025
Group
2024
Charlty
202S
Charity
2024
Amounts falling due within one year..
Trad? debtors
Corporatlon lax recoverable
Amounts owed by fellow group und$rta(ing$
Other debtors
Prepayments 8nd accrued Income
201,073
164,501
823
186,027
200,000
1,813.931
1,586.075
12,672
37,641
318,246
224,491
2,013.931
1.586,OT5
20 Loans and ov•rdrafts
Group
2025
Group
2024
harity
2025
Charity
2024
Direck)rs' loans
100,000
Payablo wilhin one year
100,000
Amounts wlthln thè Dlr8ctors' loan wer8 lully repald in Aprfl 2C>24.
21 Creditors.. amounts falling due within one year
GROUP
202S
GROUP
2024
CHARITY
202S
CHARITY
2024
Borrowings
Other taxatlon and 50clal 58curlty
Trade creditors
AGGruals and deferred inGorne
100,000
13,321
49,437
14,150
14,498
37,183
14,650
3.000
3,14
66,331
176,908
3,000
6,149
22
Rgllr•m•nl b¢n•flt $¢hgmg9
2025
2024
Defined contribution schemes
Charge to profit 01105s in respect of delined contribution schemes
10.557
10,143
-24-

ONEBILLION LEARNERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
22 Relir•m•nt benefit s¢hèm•8
Icontinutdl
The ch8rit8ble ¢omp8ny oper8tes 8 defined ctsnlnbution penson s¢heme lor all quejifying employees. The 8sset$ of
the scheme are held separately frorn those of the charilable QDtnpany in an independently adI￿niStered fund.
23
Restricted lunds
The restricted funds of the tharily cornprise the unexpended balance5 of donation5 and grant5 held on trust subject lo
specific conditions by donor5 as to how they rnay be used.
A reslrlcted grani was recelved from The LEGO Foundation. In the current and prloi year to hdp dellver a world-class
l&arnSng lourn8y lo support n&urodSverg8nl land 8111 children lo sueeeed In loundalon numerac¥ and Illeraey.
At 1 Aprll 2024
In¢omlng
resources
Resour¢•s
expended
At 31 Mar¢h
2025
Funding localisalion
500,557
1,290,048
1625.1271
1,185.478
Pr&vious year:
At 1 April 2023
Incoming
r•sourc•8
Reqource¥
•xp•nd•d
At 31 March
2024
63,243
1606,4741
744,562
1300,7741
1.107.031
1606,4741
Fundlng locallsallon
56,769
744,562
130Q,7741
500.$57
Analy$ls of ngt as$gts bgtwg•n fund$
UnroStrlct•d
funds
2025
Rg$trl¢t•d
funds
2025
Total
2025
At 31 March 2025:
Inveslmenls
Current a$S&t￿{liabIlIt1È$j
1,110.405
1,983,850
1,110,405
3,129.328
1,165.478
3,074,255
1,165.478
4.239,733
-25-

ONEBILLION LEARNERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
24 Analysis of net a8strts betwèèn funds
Icontinutdl
Unrostricted
lund8
2024
R•$trictsd
funds
2024
Totthl
2024
At 31 March 2024-
Currenl assetsJlliai)ilili251
3,172,188
500.557
3.672,745
3,172.188
500.557
3.672,745
25 Analysls of chang•s In n•t funds
Thè charllablo company had no rnaterlal debt durlng th• year.
26 Cash g•n•rat•d from op•ratlons
2025
2024
Surpluslldelicill lor the year
566,988
1202,(K181
AdjLJslm8nts for,.
Inveslmenl in¢orne recognised in $18lement ol ffi'nancial a¢tivities
R&D lax cr8dil r6c8iv8d
Fair valu8 gains and logses on investm8nts
Currént year R&D tax r8clalm
134,0751
114.288
158,098
192,0651
186,6771
85.778
171,7391
Movements in working capital..
Decrease In slocks
Ilncreas8)Ide¢rgase in dgblors
Ioecreasallincrease in creditors
6,365
1175,2811
110.5771
29,843
256,￿1
29,806
Cash generated from operation8
533,741
41.*4
-26-

ONEBILLION LEARNERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
27 Relatsd party transactSons
Transactions with related p&rtie8
During the period under revbw, the Charity incurred charilablg •xp8ndllur8 of nil12024'. £300.0001 as a grant lo 11$
5ub5idiary, One8illion Children Litnited This expenditure wa5 provided lo support the subsidiary In delivenng proi8c15
and Initialive5 aligned with the Ch8riWs objectives, including educab'onal prograrns and cornmunity outreach effort5. At
the balance sheet dale. £1.933.581 wa5 due to the Charity from the sub8idiary12024'. £1,586.0741. Thls amounlls
inter84t-fr&g and rgpayahl8 on d8mand
At the balance sh88t dale £nil12024' £100.0001 was owed to Andrew Ash8, a trustee and dir8Ctor. The balance is
inlerest-Ir8e and repayable on demand. This loan was r8pald In full on 23rd Apr412024.
During thè year. purch8ses Df £54,84012024.. £54,840) were made from Eurotalk Ltd, a Company in which a trustee,
Andrew Ash8, is a slgnllicant sharèholder.
Guarantor5
Onebillion Learner5 is a company limil8d by guarantee. In the event of a winding-up, the liability of each ol the
members is limited to £10. At 31 March 2025 the Members ol the Company were all Trustees as listed in the Trustees
Report.
-27-

ONEBILLION LEARNERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
28 Prlor Perlod Adjustment
During the year ended 31 M8rch 2025. 8n error w8$ ldenb.fiei in the eomparab.ve bel8n¢e sheet 88 8t 31 M8r¢h 2024
lor the individual chaiily. The cotnparalive figure lor parent charity, One8illion Learners was misstated due lo an
error. The corred Ilgure had, howèver, been diselosèd accuratèly In the notes to the Iinanclal *at6ments tor that year.
The error has be8n Correc￿ by restating the comparative amounts presented lor th8 prior penod in these financial
%tAtp.rnpnlq. in Ar.p.nrdAntrp viith FR% 102 qptr.linn ln Ar.p.niintino Pnlir.ip4, E.*timsJtpg gjnd Errnrq Tho. 2djii¢tmpni hA% nn
Impact on Ihe consolSdaled groups reported prolll, net assets, or cash flows lor the prior period
Chang•8 to lh• ¢on$olldal•d balan¢0 $h•ot
As previou8ly r•ptsrt•d
As rè*tat•d
Y••r •nd•d 31 Mareh 2024
Amounts owed by fellow group un¢Jgrt*ings
Cash at bank
Restricted funds
Unreslri¢led funes
1,649,394
2,875,070
56.769
4,864,006
1,586,075
3,583,641
5ao.557
4,897,009
-28-

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