Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE Charity No. 1195223 Company No. 12501914 The World Reimagined Limited Report and financial statements for the year ended 31 March 2025 I GOLDWINS <.PIAMltNtL) AEivur4 IAN15
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Report and financial statements For the year ended 31 March 2025 Contents Page Reference and administrative information Trustees, annual report Independent examiner's report 12 Statement of financial activities 13 Balance sheet 14 Statement of cash flows 15 Notes to the financial statements 16
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Legal and administrative information For the year ended 31 March 2025 Trustees: Chair- Lee Lawrence- (resigned July 20251 Trustee- Toni Fola- Alade (resigned January 2025) Trustee- Fiona Compton (resigned August 20251 Trustee- Ruth Ibegbuna (resigned March 2025) Chair Dean Ricketls (appointed Chair July 20251 TrusteelNED- Abiola Ogboye Trustee- Gillian Adebayo Joseph Trustee- Maxine Albert {appoinled 10 May 2025) Trustee- Jovan - Owusu-Nepal (appointed 25 March 2025) Trustee - John Dower (appointed 24th September 2025) Trustee - Ejikeme George {appointed 24th September 20251 Company number: 12501914 Charity number: 1195223 Registered office: The Clock House, Station Approach, Marlow, Buckinghamshire, England, SL71NT Independent examiner: Goldwins Limited 75 Maygrove Road West Hampstead London NW6 2EG oldwins.uk Bankers Nat Wesl Bank 65 Peckham High Street London SE15 5RZ Solicitors Sphere Legal Ltd. 174 Hammersmith Road London W6 7JP
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Trustees. annual report For the year ended 31 March 2025 The trustees, who are also directors under Gompany law, presentlheir report and financial statements for the year ended 31 March 2025. The trustees confirm thal the financial slalemenls comply with current statutory requirements and the ststement of Recommended Practi - Accounting and Reporting by Charities.. SORP applicable to charities preparing their accounts in accordance with FRS 102. Objectives The World Reimagined Limiled exists to advance the education oflhe public throughout England and Wales on the The Transatlantic Slave Trade by.. (al Providing community and national level education to increase individual and collective knowledge about the Transatlantic Slave Trade and its legacies, developing curricula and providing teaching tools and resources through working with students of different ages, their leachers, and the wider community. {bl Researching and presenting historically factual information about the Transatlantic Slave Trade and its legacies, through the advancement of and engagement with the arts, culture and heritage, by creating public and community-based platforms and events to include seminars and lectures whilst displaying works of art for people to engage with., Through our work, The World Reimagined Limited advances the promotion of racial harmony for the public benefit by.. {¢) promoting knowledge and mutual understanding between different racial groups., {dl advancing education and raising awareness about different racial groups to promote good relations between persons of different racial groups., (el working towards the elimination of discrimination on the grounds of race. {fj The Trustees of The World Reimagined Limited have regard to the Charity Commission's guidance on public benefit. Activities In the financial year 1 April 2024 - 31 March 2025. The World Reimagined Limited built on Phase 1, Journey of Discovery, wilh a second-phase programme called Triangle of Unity. This initiative aims to strengthen harmony and foster deeper understanding within communities by highlighting historical and cultural connections between people with heritage from Europe, Africa,and Ihe Americas. Through art, education, cullure, and community initialives, we aim to unite people in various activilies that
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Trustees. annual report For the year ended 31 March 2025 also connect regions of the UK with schools, artists, and communities in Africa and the Americas. The World Reimagined launched Triangle of Unity Learning Programme across 7 schools in 4 UK cities Bristol, Bradford, Sheffield, London Isouthwark). 960 UK pupils participated, with 154 lessons designed and provided by The World Reimagined Limited that incorporate English. Geography and Art. Each school was successfully paired with one in Africa or the Caribbean to discuss Climate Change and cultural connections across the Atlantic Triangle. The English module focussed on intergenerational conversations, where students spoke with an elder within their own family to discuss Iheir heritage and family history. Both of these modules resulted in pupils exchanging letters with their elders as well as international peers. Our Art module allowed UK pupils to decorate globes which reflect these conversations. Uk school globe exhibitions will begin in January 2026 at Calhedrals in each participating city, this project is in partnership with the Church of England, with funding obtained from its Racial Justice Unit. The World Reimagined Limited, also extended the making ofourdocumentsry- Community.. Becoming Black and British to Bristol and Leeds. Our 1 sl edilion, based in London, has now received 31 k views. Pleasingly, many viewers have been from Africa and the Caribbean. aligning with our aim to enhance Atlantic Triangle connertions and recognise our shared history. At the time of writing the Bristol edition has received 9k views in 2 weeks. Each film is mentor led, training young people in film making skills, and they are premiered at specially curated events, presenting ihe work to respective local communities. Both events were attended by over 100 audien members and have received positive feedback. Additionally, The World Reimagined Limited continued delivering Phase 1 activities-an unprecedented art and education programme for racial justice-comprising the following strands.. The Journey of Discovery Collection In 2022-23 we launched the Journey of Discovery Colleclion as a ground-breaking digital plafform to house a unique collection of accessible, interactive short-form stories and images that speak to the nine themes of the Journey of Discovery - a narrative framework that invites the public to reimagine the past, present and the future we can create together. This framework and collection sits at the heart of our work to provide accessible means of raising awareness and educating the public about the UK'S history with the Transatlantic Trade in Enslaved Africans and the pursuit of racial justice. More than 300 stories were contributed by researchers, historians, cornmunity heritage organisations, museums, and other cultural institutions to create The Journey of Discovery Collection. To house the Collection and connect it to the heart of our programme, we built a digital platform that connected all of our work - the public's experience of the artwork in our sculpture trails and exhibitions,. our support and promotion of community organisations., and our full online learning programme, with which more than 250 schools and colleges engaged in 2022-23.
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Trustees. annual report For the year ended 31 March 2025 Phase 2 Collection The Journey of Discovery programme has remained available throughout 2024-2025. We have built on it with our Phase 2 programme. adding our London and Bristol edition of mentor-led documentary- making initiative Community- Becoming Black and British. The aim is to have a full length broadcast quality documenlary by 2027 that encompasses the 5 cities we record interviews in, to mark 220 years since the passing of the Slave Trade Act. The Wodd Reimagined Limited secured substantial funding for the project from the National Heritage Lottery Fund. Globe Exhlbltlons Our Globe exhibitions will now centre on the school-created globes produced through our Triangle of Unity Learning Programme. The first display of 40 globes across four cities-Bristol, Bradford, Sheffield, and London {SouthwarkFwill launch in January 2026. Each exhibition will be accompanied by opening and closing events, as well as a family activity day hosted at the respective city cathedrals. The aim is to use art as a vehicle for social cohesion, providing an opportunity for communities to reflect on the learning and creative work undertaken by the pupils in our programme. The globes will be positioned on cathedral grounds in high-foottall public areas, which collectively attract an average of 200,000 visitors per week across all cities. The World Reimagined Limited Artistic Programme During Phase 1, our collaboration extended to over 100 artists over the course of a year, marking an extraordinary journey thal enabled us to forge connections with a multitude of exceptionally talented individuals. This endeavour not only fostered the development of sustsinable artist communities but also served as a plafform for introducing emerging artists, works to diverse audiences. In Phase 2, our focus shifts to cullivating these communities with greater intention. taking a more measured approach to ensure each artist receives the comprehensive support they need. This includes working with a smaller but more deeply engaged cohort. fostering stronger relationships and enabling more meaningful learning experiences. We have submitted an EOI to the Arts Council that reflects these principles. Under the theme Becoming Black and British, the programme will explore identity, heritage, and belonging. Through an open call and targeted invitations, TWR will support 12 artists of African and Caribbean heritage. Their development will include intergenerational exchanges with trailblazers such as Frank Bowling, as well as opportunities to trace ancestral roots through intemational residencies in Ghana and Barbados.
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Trustees. annual report For the year ended 31 March 2025 Grounded in Gultural immersion and innovative artistic expression, the programme builds on insights from Phase 1 and broadens participation by welcoming socially engaged voices. Curated by Ekow Eshun. it will be supported by an Artist Duty of Care framework and weekly one-to-one sessions to ensure wellbeing throughout. The World Reimagined Limited Learning Programme We are committed to delivering free arts-based racial justice learning opportunities. After evaluations of Phase 1 we have learned the following.. High quality artistic outpuls: Schools, students and communities were impressed by the quality of resources and artistic outputs. In Phase 1 we saw how this bolslered self-esteem and emboldened educators to stretch into challenging subject matter. To ensure this positive impact continues our Phase 2 programme provides.. High quality resources & materials Artist facilitators to support teacher CPD Artist in Residence schools programme Flexible learning resources: Phase 1 taught us that flexibility is key and enables educators to lean into their own context and communities. Phase 2 Our Phase 2 Learning programme includes.. Free Access.. Continued access to over 30 hrs of free lesson plans that are easy to navigate and modify. Continued free access to the Journey of Discovery history collection, video resources and slide shows. to enable educators to enrich their lessonsl workshops with velted. age- appropriate research. New teaching resources: These will be modular and have clear guidelines on: Learning objectives Learning outcomes Skills & cross curriculum links Relationship to our 5Cs framework (compassion, courage, curiosity, critical thinking and connection} Length time required Adaptable timelines: Teachers have valuable time. Planning and lead in time helps them to execute things wilh better precision and have deeperlmore meaningful engagement. This is something we are continually evolving as a response to valuable feedback. Unlimited time: Resources can continue to be accessed providing flexibility over delivery times. Agreed expectations.. When working with case-study schools, clarity on time needed and agreed school commitments will be a prerequisite of the engagement. Flexibility.. Each new learning programme strand will have multiple ways of engaging- from in-depth to light touch.
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Trustees. annual report For the year ended 31 March 2025 Co-creation: This is a core value which enables stakeholders to have agency in shaping our work, so that it is more meaningful to them. Consultation.. Teachers and educators will be consulted before new teaching malerials are released. Their feedback will go towards shaping resources and methodologies for dissemination. Collaboration.. Letters of inspiration from experts in a range of subjects will inform our Letter Exchange programme. Training: We have learnt that for many teachers, racial justice is uncharted territory. Different schools with different demographics have varied proximities to racism. This can make breaching conversations more or less challenging. In order lo support educators and artists to feel better equipped lo hold these challenging conversations, we realise the need for more training opportunities and shared best practice. Teacher CPD: At least two in-person anti-racist CPD in each host city, with leading experts. Continued access to our online Masterclasses Parents as allies for racial justice & arts-based learning: During Phase 1 parents shared with us their wish to be more involved and be more aware of the many ways they could engage with the programme. It is proven that if families are more involved in their children's learning, there is greater impact and deeper learning. We would now like to embed this into our work going forward. We will ensure that each school registered with us, will receive a short introductory flyer that they can share with parents or add to their newsletters. We will invite parents lo forums, where we can update Ihem on our programme and hear their feedback. This will contribute to shaping our programme. Parents will have access to CPD and online Masterclasses. Case Studies: We will work closely with two schools in each host city lo support them on a transformational journey for the whole school community- This will require.. Regular action planning with the SLT Artist facilitator support Clear goals and commitments to embedding arts-based racial justice learning across subjects. Collation of findings in a report At the time of writing, The Triangle of Unity project has made substantial progress, marked by early foundations in school onboarding, curriculum completion, Artist Educator recruitment, and International partnership communicalions. We were able to secure partnerships with international schools for all seven participating UK schools. Each school has created introduction videos, sharing information about their school and local community, solidifying the partnerships and preparing them for receiving their letters later in the academic term. Schools across four UK cities have now delivered or begun delivering the English and Geography modules, with strong levels of student engagement noted in eady feedback. One of the most successful elements thus far has been the intergenerational and international letter- writing component, where students wrote to older community members as well as students in linked Atlantic Triangle schools. These activities have already deepened understanding of global connection, personal identity, and shared hislories."Get to Know Us" videos exchanged between UK and international partner schools have helped to facilitste empathy and curiosity.
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Trustees. annual report For the year ended 31 March 2025 Despite strong progress, challenges have been present. Chelmsford had to withdraw due to a key C of E staff member resigning, and there was limited school engagement in Bristol. These setbacks were mitigated through increased support for the remaining cities and efforts to ensure qualily delivery for the one Bristol school involved. Timelines for delivery have also been compressed due to external factors., however, schools have responded positively, adapting lessons creatively to maximise student learning. 960 UK pupils have participated in the programme's first year. Artist residencies will culminate in completed globes in mid-December and Cathedral exhibitions in January 2026. Ongoing CPD, zoom drop-ins, and central coordination have played a strong role in maintaining momenlum. The World Reimagined Limited Community Programme Community is at the heart of the mission and conp1 of The World Reimagined Limited.. Honouring the work of the countless people, organisations and Communities who have been doing the powerful, often unheralded, work of making racial justice a reality and bringing this history into the light. Supporting, building and encouraging meaningful connections and dialogue between peoples and communities. Growing the community of people who are committed to taking adion to make racial justice a reality by engaging those who have not connected with the work of racial justice before. Our Phase 2 documentsry making initiative encompasses our ethos, fostering intergenerational conversations wilh young people recording the slories of elders who ran community organisations in the 70s to 90s. Phase 2 has seen us collaborate with Bristol LegaGy Foundation and Remembering Oluwale (DOMAI to assist in the making of our documentary Community= Becoming Black and British in their base cities, strengthening our connections and ensuring we reach people at a grass roots level. We are happy with the progress of the project so far. Both the Bristol and Leeds teams have been resourceful, creative and have pulled together to help each other on tasks if necessary. Their passion to tell the story of their local city heroes has been palpable. However. The World Reimagined team realise that this comes with some pressure as they want to get the story right. 11 means that at times, The World Reimagined has guided ways lo reduce the running time of the documenlary where directors have felt challenged about leaving particular people out. The Bristol team were also more experienced in filmmaking and there were noticeable differences in capacity lo deliver when compared with Leeds. Leeds needed extra support and should this become apparent in our next iwo cities, we aim to have a bigger gap between each premiere to robustly deal wilh any required extra support. In the forthcoming year, we aim to utilise our collaboration agreements with International Slavery Museum, King's Culture and Borough ofwestminster Council, with a Liverpool documentary and further feslival events. Fundraising Substantial funding has been received from the National Heritage Lottery Fund, for our documentary making programme, which concludes in 2027 and Church of England's Racial Justice Unit, for our Learning Programme which concludes in 2028.
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Trustees. annual report For the year ended 31 March 2025 We have submitted an application for an artist led initiative to Arts Council England {ACE) through its major projects grant. We have entered a Loan-to-Buy sale of 3 Globes wilh The Sao Foundation, a structured payment agreement of £200 per month over 24 months, following a £1,650 down payment, which will provide regular monthly income and simultaneously reduce storage payments. FINANCIAL REVIEW Al the end of the reporting period, The Wodd Reimagined Limited carried foNard £132,556 in funds, of which £40,062 were in restricted funds and £92,494 were in unrestricted funds. Reserve policy It is the policy of the charity that unrestricted funds which have nol been designated for a specific use should be maintained at a level equivalent to between three and six months. expenditure. The Irustees consider thal reserves at this level will ensure that, in the event of a significant drop in funding. they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. At the time of this Annual Report's approval by the Trustees. significant funding has been agreed which will ensure the delivery of the Charity's related programmatic activities. As Ihe Board develops future programmalic activily, this policy is central to its planning. The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. The key priority for the charity - in risk mitigation - is the continued development of sustainable and varied sour8 of income over the next 2-3 years and implementing a model of delivery that can be adjusted to the resources available. Going concern Despite operating in a widely recognised challenging financial environment, the Chariiy has successfully launched its Phase 2 programmes at the time of writing this report. Our major funding from National Heritage Learning Heritage for the documenlary series Community.. Becoming Black and British has passed its first-year checks, and the programme budget remains on track. The first two editions of the documentary are performing strongly on YouTube.' the London edition has reached 32,000 views, and the Bristol edition has attracted more than 9,000 views within two weeks of release. YouTube revenue forms a key part of our long-term financial sustainability strategy, and these documentaries will play a central role in achieving that goal. This year, The World Reimagined's YouTube channel has grown from 300 to 16.000 subscribers, and we are nearing the watch-hour threshold required to enable monetisation. Principal risks and uncertainties The World Reimagined Limited SUCssfUllY navigated the uncertainty of 2024 to 2025 having managed financial, reputational and delivery risks to ensure nothing had a significant negative impact on the charity. As The World Reimagined Limited continues Phase 2 the trustees consider its principal risks as= Securing income streams in a difficult financial environment. The World Reimagined Limiled will respond
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Trustees. annual report For the year ended 31 March 2025 in 0fOld ways.. with plans for fully costed programmes so thal expenditure matches income- and developing incremental revenue streams that build on the networks that have been developed since 2021-22. Repulalional risk to the charity in how the charily continues Phase 2,. manages its networks., and Ireals the artistic,. heritage-, and learning assets that have been created. To build on internal evaluations, The World Reimagined Limiled has engaged an independent evaluation company - Tom Fleming Creative Consultancy to ensure that lessons are learned and implemented and the contribution and investment of time and resources of all stakeholders is respected and honoured. Plans for the future The World Reimagined Limited has significant assets within its artistic, learning and heritage programmes. There has been great support for our phase 2 programme, with well attended premiere events and a large increase in subscriptions and views on our YouTube channel. We will continue to build on this success. wilh the funded programmes continuing until at least 2027. The Board has scaled up on employees to deliver Phase 2 activities and will continue lo review employmenl and reemployment strategies. Structure, governance and management The World Reimagined Limited is a Company Limited By Guarantee, governed by Articles ofAssociation, registered with the Charity Commission charity number 1195223. Trustees are appointed through an ordinary resolution voted on by the Trustees of The World Reimagined Limited. As a relatively new charity, the end of the first trustee tenures arrived in 2024, resulting in the departure ofthefollowing trustees.. Lee Lawrence (Chairl, Fiona Complon, Ruth Ibegbuna, and Toni Fola- Ade. The Trustees Ihen formalised a recruitment process for new board members, through which Jovan Owusu-Nepal, Maxine Albert, John Dower, and Ejikeme Nzerem were appointed. The Trustees and the Board define, review, and approve Ihe strategic direction and overall work and budget of The World Reimagined Limited. The Finance, Audit and Compliance Committee also received advice from an Independent Advisor, Dej Mahoney, and is chaired by Abiola Ogboye. Authority for day-to-day budgetary decisions-within the strategic mandate set by the Board-is delegated to the CEO, Michelle Gayle. Responsibility for Operations and Logistics is delegated to Vania Todorova and Trevor Gayle. The World Reimagined Limited also engages independent accounting services to ensure that financial controls and administration remain robust and aligned with the Trustees, strategy. The programme strands of The World Reimagined Limited were led by dedicated programme leads, including Sabrina Reid, Head of the Learning Programme, and Asher Jael, Community Lead. Pension Policy The World Reimagined provides a workplace pension scheme for certain staff and pays money into it. Employees can opt out of the pension scheme if they want to, but if they stsy in they will have their own personal pension when they retire. Their pension will belong to them, even if they leave us in the future.
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Trustees. annual report For the year ended 31 March 2025 Trustee induction and training As the first term for many Truslees comes to an end in December 2024, the Trustees will formalise an induction and training programme which includes Ihe signing of a Code of Conduct, for all new Trustees, as well as existing ones, who wish to stay for another term. Remuneration policy for key management personnel In 2024-2025, contracts were lime-limited andlor salary capped in accordance with budget projection and secured income. As part of ils future strategic development, The Board will include a defined approach to setting employee pay. ststement of responsibilities of the Irustees The Trustees are responsible for preparing the trustees. annual report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charily law requires the Iruslees to prepare financial stalemenls for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. Select suitable 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 UK Accounting Standards and statements of recommended praclice have been followed, subject lo any material departures disclosed and explained in the financial slatements Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial informalion included on the charity s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Members of the charity guarantee to contribute an amounl nol exceeding £1 each lo the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2025 was 7. The trustees are members of the charity but this entitles them only to voling rights. The trustees have no beneficial interest in the charity. Related Party Disclosure Policy The World Reimagined Limited is committed to operating transparently, ethically, and in full compliance with the regulatory requirements for charity organisations in the UK. Our Related Party Disclosure Policy outlines the procedures and expectations regarding the identification, management, and disclosure of 10
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Trustees. annual report For the year ended 31 March 2025 related party transactions in order to declare conflicts of interest and ensure the charity's resources are used solely to further its mission. The policy is intended to help trustees, staff, and associated entities understand their responsibilities with respect to related party transactions and disclosures as required by the Charities Statement of Recommended Practice ISORP) and UK law. The trustees, annual report has been approved by Ihe trustees on -1111212Qafj. and signed on their behalf by., Signed by.. .1Qa69FQt69BBd8A............ Trustee - Dean Ricketts
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Independent examiner's report For the year ended 31 March 2025 I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination, I have followed the Directions given by the Charity Commission under section 145151 (b}of the 2011 Act. Independent examiner's statement sin the Company's gross income exceeded £250,000, I confirm that l am qualified to undertake the examination because l am a member of the ICAEW, which is one of the listed bodies. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act. or 2. the acGounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities applicable to charities preparing iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in (x)nnection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Anthony Epton BA FCA CTA Goldwins Limited Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG 15 December 2025 12
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Statement of Financial Activities (Incorporating The Income And Expenditure Account) For the year ended 31 March 2025 Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Note Income from: Charitable activities Other trading activities 191,463 47,838 137,798 329,261 47,838 66,287 155,892 Total income 239,301 137,798 377,099 222,179 Expenditure on: Raising funds Charitable activities 4,404 209,921 4,404 21,962 104,653 314,574 369,465 Total expenditure 214,325 104,653 318,978 391,427 Net incomel{expenditure) for the year 24,976 33,145 58,121 1169,2481 Transfer beteen funds 2,604 12.604) Net movements in funds 27,580 30,541 58,121 1169,2481 Reconciliation of funds: Total funds brought fonmard 64,914 9,521 74,435 243,683 Total funds carried fonNard 12 40 062 132 556 74,435 All of the above results are derived from continuing activities. There were no other recognised gains or losses other than Ihose stated above. The attached notes form part of these financial statements. 13
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Balance Sheet As at 31 March 2025 2025 2025 2024 2024 Note Fixed Assets Intangible Assets 17,789 35.056 Current Assets Debtors Cash at bank and in hand 32,853 112,103 40,857 31,721 144,956 72,578 Llabllltles: Creditors.. Amounts falling due within one year 10 (30,189} 133,1991 Net Current Assets 114,767 39,379 Total Assets less Current Liabilities 132,556 74,435 Net Assets 132,556 74.435 Funds Restricted funds Unrestricted funds 12 12 40,062 92,494 9,521 64,914 Total Funds 132,556 74,435 For the financial year ended 31 March 2025, the Company was entitled to exemption from audit under Section 477 of the Companies Act 2006, and no notice has been deposited under Section 476. However. in accordance wilh Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner. The directors acknowledge their responsibilities for ensuring that the Company keeps accounting records which comply with Section 386 of the Act and preparing Financial Statements which give a true and fair view of the state of affairs of the Company as at Ihe end of the period and of its profil or loss for the financial period in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requiremenls of the Companies Act 2006, so far as applicable to the Company. The Financial Statements have been prepared in accordan with the special provisions relating to small companies within Part 15 of the Companies Act 2006. These financial siatements were approved by Ihe Irustees on 1111212025 signed on their behalf by.. ..and Signed by.. Dean91f&JlW'-... Trustee Company Registration Number: 12501914 14
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited statement of cash flows For the year ended 31 March 2025 Note 2025 2025 2024 2024 Cash flows from operating activities.. Net cash provided by I (used in) operating activities 13 80,382 {53,715) Cash flows from invesling activities: Salesl (purchases) of fixed assets 3,630 Cash provided by l {used in) investing activities 3,630 Change in cash and cash equivalents in the year 80,382 {50,0851 Cash and cash equivalents at the beginning of the year 31,721 81,806 Cash and cash equivalents at the end of the year 14 112,103 31,721 15
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Notes to the Financial Statements For the ear ended 31 March 2025 Accounting policies Basis of preparation The financial statements have been prepared in accordan with Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102 - effeclive 1 January 20191- (Charities SORP FRS 102) and the Companies Act 2006. The charitable company meets the definition of a public benefit entily under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. Going concern The trustees consider that there are no material uncertainties about the charitable company's ability to Gontinue as a going concem. The tnjstees do not consider that there are any sources of estimation uncertainty at the reporting date Ihat have a significant risk of causing a material adjuslment to the carrying amounts of assets and liabilities within the next reporting period. Income Income is recognised when the charily has entillement to the funds. any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or 'revenue' grants. is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be reiVed and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met. Donations of gifts, services and facilities Donated professional services and donated facilities are recognised as income when the charity has control over the item or reiVed the service, any Gonditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and thal economic benefil can be measured reliably. In accordance with the Charities SORP IFRS 1021, volunteer lime is not recognised so refer lo the trustees, annual report for more information about their Gontribution. On receipt. donaled gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount Ihe charily would have been willing to pay to obtain setvices or facilities of equivalent economic benefit on the open market., a corresponding amount is then recognised in expenditure in the period of receipt. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is normally upon notification of the interest paid or payable by the bank. 16
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Notes to the Financial Statements For the ear ended 31 March 2025 Accounting policies Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to sel aside to use for a specific purpose. Restricted funds are donations which Ihe donor has specified are to be solely used lor particular areas of Ihe charily s work or for specific projects being undertaken by the charity. Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable Ihat settlement will be required and the amount of the obligalion can be measured reliably. Expenditure is classified under the following activity headings: Costs of raising funds comprise of trading costs and the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities wilh a fundraising purpose. Expenditure on charitable activities includes the costs of delivering services undertaken to further the purposes of Ihe charity and their associated support costs. Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Allocation of support costs Support costs are those functions that assist the work of the charity bul do not directly undertake charitable activities. Support cosls include back office cosls, finance, personnel, payroll and governance costs which support the charity and its and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. Operating leases Rental charges are charged on a slraight line basis over the lerm of the lease. Tangible fixed assets All fixed assets are initially recorded al cosl. Items costing less than £1,000 each are not capitalised, but written off as expense. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as Website Development cost- 330/. SL Debtors Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short malurity of three months or less from the date of acquisition or opening of the deposit or similar account. 17
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Notes to the Financial Statements For the ear ended 31 March 2025 Accounting policies CreditOTS 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. Creditors and provisions are normally recognised al their settlement amount after allowing for any trade Flnanclal Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Pensions Please refer to trustees report for pensions, policy. 18
[U519n EnvthpB ID. $6AF871sFD44SFA4GA-233cIFl7EE The World Reimagined Limited Notes to the Financial Statements Forthe ear ended 31 klarch 2025 2 Incom from charltable actlvltl88 Unresiricled Funds 2025 Restricted Funds Total Funds 2025 2025 Unrestri¢tÈd Funds 2024 Restri¢tÈd Fund5 2024 Ttstal Fund5 2024 The Portal Trust Arts Council England Sao Foundation NalionÈl H&riiag& M8morlal Fund Globe Exhibiiions U.S. Embassy Racial Justice Grant Others 4.410 40,460 4.410 40,460 25,000 25,000 100,986 1W,986 13,527 7,890 13.527 7.890 164,188 2,275 191A63 3fj,812 201,000 2,275 329.261 137.798 66,287 66.287 3 Incomè from other trading activities Unrestricted Fund8 2025 Restricted Fund8 Total Fund8 2025 2025 Ljnrestrirted Fund8 2024 Restrirted Fund8 2024 Total Funds 2024 Sponsorship and events 47,838 47,838 155,892 155,892 47,838 47,838 155,892 155,892 19
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Notes to the Financial Statements For the year ended 31 March 2025 4 Analysis of expenditure Raising Charitable Support funds activities costs Total 2025 Total 2024 Materials Staff costs Consultancy Fees Donations Project Cost Commission Staff Training Storage ExhibitionlFeslival & Logistics Leaming Programme Computer and office costs Sundries Advertising and Promotion Legal and Professional Fees Accountancy Fees Amortization Subscription Independent examination fees Audit fees Utilities Delivery Cost Bank Charges Insurance Travel 30,000 34,801 85,193 30,000 34,801 85.193 8,035 60,276 110,365 39,905 58,887 6,944 58,887 6,944 1,498 3,273 54,221 1,200 4,696 657 4.404 1,723 3,178 17,267 3,427 5,000 10,424 1,498 3,273 22,889 33,336 825 3,870 3,460 21,962 11,108 2,575 17,267 1,769 54,221 1,200 4,696 657 4.404 1,723 3,178 17,267 3,427 5,000 5,700 624 30,292 52 2,101 4,592 391,427 185 185 521 521 382 382 1,521 1.521 272,969 41,605 318,978 4,404 Support cosls 41,605 141,605} Total expenditure 2025 4,404 314,574 318,978 Total expenditure 2024 21,962 369,465 391,427 Of the total expenditure £11M,653 {2024.' £84,800) was restricted and £214,325 12024= £306,627) was unrestricted. 20
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Notes to the Financial Statements For the year ended 31 March 2025 5 Net incomel (expenditure) for the year This is stated after charging.. 2025 2024 Independent examination fees Audit fees 3,600 4,500 6 Analysls of staff Costs, trustee remuneratlon and expenses, and the Cost of key management personnel Total stsff costs were as follows.. 2025 2024 Wages and salaries Social security costs Employer's pension contributions 34,236 57,951 1,150 1,175 60,276 565 34,801 Particulars of employees.. The average number of employees (head Unt based on number of staff employed) during the year was 1 12024.. 51. The following number of employees received annu81 remuneration during the year between: 2025 2024 No. £60,000- £69,999 The total employee benefits including pension contributions and Employer s National insurance ofthe key management personnel were £23,08612024.' £43,340). The charity trustees were not paid or received any olher benefits from employment wilh Ihe charily in the year12024'. £nill neither were they reimbursed expenses during the year12024.' £nil). No charily trustee received payment for professional or other services supplied to Ihe charity other than as disclosed in the note 15 related paty disclosures {2024.. £nill. 7 TAXATION The charitable company is exempt from corporation tax as all ils income is charitable and is applied for charitable purposes. 21
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Notes to the Financial Statements For the year ended 31 March 2025 8 Intangible fixed assets Website costs 2025 Total 2025 Cost At the start of the year At the end of the year 52,323 52,323 52,323 52,323 Depreciation At the start of the year Charge for the year At the end of the year 17,267 17,267 34,534 17,267 17,267 34,534 Net book value At the end of the year 17,789 17,789 At the stsrt of the year 35,056 35,056 9 Debtors 2025 2024 Trade receivables other debtors Accrued income 17,678 15,175 20,318 7,012 13,527 40,857 32,853 10 CREDITORS: Amounts falling due within one year 2025 2024 Trade creditors PAYE and social security Accruals Other Creditors 24,989 22,281 302 5,200 5,416 33,199 5,200 11 Analysis of net assets between funds Year ended 31 March 2025 Total funds Unrestrlcted Designated Restricted Intangible fixed assels Net current assets Net assets at the end of the year 17,789 74,705 17,789 114,767 132556 40,062 22
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Notes to the Financial Statements For the year ended 31 March 2025 12 Funds Year ended 31 March 2025 At1 Aprll 2024 Transfer between funds At31 March 2025 Income Expendlture Restricted funds.. Paul Hamlyn Foundation Globe Exhibitions National Lottery Herilage Fund Racial Justice Grant Total restri¢ted funds 6,917 2,604 6,917 {2,604) 100,986 147,0951 57,558 1104,6531 53,891 120,7461 40,062 36,812 137,798 9.521 {2,6041 General funds 64,914 239,301 1214,325) 2,604 92,494 Total unrestricted funds 64.914 239.301 (214.3251 2,604 92,494 Total funds 74,435 Paul Hamlyn Foundation awarded a grant to The World Reimagined lo support a programme of artist residencies in schools. Selected schools two per host city - receive support from artist educators commissioned by The World Reimagined through an extended residency that sees them deliver The World Reimagined Learning Programme,. create a Learning Globe,. deliver teacher training., and develop a bespoke plan for how they can further embed arts-based learning for social justice in their teaching praclice and culture. National Lottery Heritage Fund awarded a grant to The Wodd Reimagined to support the creation of a documentary film focussing on the fomation of Black British culture within communities in London. Liverpool, Leed and Bristol. Central themes will include civil rights and the creation of community spaces. Content will be added to The World Reimagined public archive, the Journey of Discovery. The documentary will also be screened at one of the Triangle of Unity festivals of art and culture events. Racial Justice Grant {Triangle of Unily Leaming Programme) A cross-curricular learning programme connecting students in the UK, the Caribbean, and West Africa Ihrough crealive exploration of identity, climale justice, and the legacy of Transatlantic Slavery. Through curriculum modules, international letter writing, and collaborative globe sculptures, the programme empowers young people to reflect, connect, and imagine a more just and united world. Designed lo inspire and educate through a fusion of English, Geography, and Art. This inilialive connects schools across cities in Ihe UK, focusing on social cohesion and fostering a sense of community through collaborative learning and artistic expression. 23
Docusign Envelope ID". 96AF8719-SFD44570-A46A-25233C1F17EE The World Reimagined Limited Notes to the Financial Statements For the year ended 31 March 2025 13 Reconciliation of net income l {expenditure} to net cash flow from operating activilies 2025 2024 Net income l {oxpenditurel for the reporting poriod {as per the statement of financial activities) DepreciationlAmortizalion Ilncreasell decrease in debtors Increasel Idecreasel in creditors Net cash provided by I (used inl operating activities 58,121 1169,248) 17,267 17,267 8,004 82,939 (3,0101 15,327 80,382 153,715) 14 Analysis of cash and cash equivalents At31 March 2025 Other changes At 1 April 2024 Cash llows Cash at bank and in hand Total cash and cash equivalents 31,721 31.721 80,382 80.382 112,103 112,103 15 Related party transactions There are no related paty transactions to disclose for 2025. The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up. 24