Charity registration number 1079863
Company registration number 03785459 (England and Wales)
METRO WORLD CHILD UK
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
METRO WORLD CHILD UK
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
W Willson
A Paliama
S Gleue
Secretary
Adriaan Paliama
Charity number
1079863
Company number
03785459
Principal address
The Renewal Trust Business Centre
3 Hawksworth Street
Nottingham
NG3 2EG
Registered office
Ground Floor
1 - 7 Station Road
Crawley
West Sussex
RH10 1HT
Independent examiner
Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited
1-7 Station Road
Crawley
West Sussex
RH10 1HT
METRO WORLD CHILD UK
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4
Statement of financial activities
5 - 6
Balance sheet
7
Statement of cash flows
8
Notes to the financial statements
9 - 18
METRO WORLD CHILD UK
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2022
page 1

The trustees present their annual report and financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "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)" (effective 1 January 2019).

Objectives and activities

The objects of the charitable company are to advance the Christian religion either in the UK or overseas, in particular but not exclusively, by:

- the advancement of education;

- the promotion of good race relations and equality of opportunity between persons of different racial groups; and

- the relief of poverty particularly amongst children in inner-city areas.

 

The directors seek to achieve these aims by:

- training and equipping Christian groups in the UK to work with inner-city children. This is achieved primarily by the retail of relevant training materials.

- raising awareness of, and collecting funds for projects which relieve poverty amongst children overseas.

The charity's trustees have referred to the guidance in the Charity Commission's general guidance on Public Benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, they have considered how planned activities will contribute to the aims and objectives they have set.

Grant making

The trustees will consider any requests for grants or donations which they receive. However, due to the nature of the charitable company's operation, it is unlikely to make any grants available (other than passing on donations received for specific purposes).

Achievements and performance

2022 was a year of changes, restructuring and stabilization.

Moving out of Covid, this was the first year with full operations, unhindered by lockdowns, tiered levels and other restrictions. However, we could see how the financial pressure was affecting some of the sponsors and donors who in turn limited or paused their regular support for the projects supported by Metro World Child UK. A significant effort was made to recruit new supporters and strengthen relationships with our current, faithful supporters. Phone and email campaigns as well as personal notes helped to ease the effect.

In October of 2022, the founder and president of the global operations of Metro World Child, Dr. Bill Wilson, was able to return for his speaking engagements in the UK, raising awareness for the global projects of Metro World Child and educating our donors and supporters of their support to the successful operations of those projects. 2022 has seen major growth amongst the projects in Kenya, whether educational or feeding as well as projects in India. With the help of the Metro supporters and sponsors in the UK, Metro projects in the Philippines were able to become fully functional again, moving out of one of the world’s strictest lockdowns that left many vulnerable children and families in even worse situations.

Ms. Janine Stellatos who is seconded to oversee the project in Kenya reports a great growth in reaching and supporting more primary schools in Kenya and more than 5,000 children are being fed at this time. She has also accompanied Dr. Wilson on his UK tour to give our supporter a personal update on the work of Metro in Kenya.

We are grateful to see that the newly started Metro programs in the UK saw a significant growth with a number of schools partnering with Metro to benefit from Metro’s educational, moral value programs. The specific Metro World Child curriculum that is developed to specifically help children develop social skills and improve their self-confidence and awareness has been expertly implemented by our consultant Mr. Matthew Murray was also able to advise regarding the recruitment and training of the necessary volunteers. His expertise has been a great asset to the mission of Metro and we are confident that the domestic projects of Metro World Child UK will continue to grow and be of benefit for many children, schools and families.

METRO WORLD CHILD UK
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
page 2

In December, Ms Cameron with the support of the team in the NY headquarters undertook an extensive donor care campaign where every supporter with a phone number on record received a personal thank you call, also wishing them a Happy Christmas. This campaign was received very well by our donors who enjoy the personal contact with our Metro team and the opportunity to receive immediate updates from the projects around the world.

Mr. and Mrs. Paliama continued their support work for Metro World Child UK and it is with the help of many volunteers that the support of the global projects can continue on the level it did and even expand.

Financial review

Financial position

The charity had total net incoming resources of £123,568 (2021: £9,431) during the financial year ended 31 December 2022, as shown in the statement of financial activities on page 5 of the accounts.

Reserves policy

The trustees have established a policy for unrestricted reserves, whereby, in order to enable the charity to operate effectively, they aim to have three to six months expenditure in general funds.

 

The unrestricted reserves are now £259,831 (2021: £136,664) and restricted funds are £28,945 (2021: £28,544).

The charitable company has made charitable donations totalling £367,768 in the financial year (2021: £447,531) to Metro World Child based in New York, the majority of which related to forwarding on specific donations from donors.

Plans for future periods

In the next year we will start looking into other ways of fundraising besides our sponsorship program. Our main focus however remains increasing the number of sponsorships.

 

With a solid marketing strategy plan we expect to raise more awareness and achieve our goals. Outside sources will be approached to help us. Networking (social media) with businesses and attending exhibitions will be part of this marketing strategy plan as well.

Structure, governance and management

The charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

W Willson
A Paliama
S Gleue

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

 

Vacancies occurring for trustees shall be filled by individuals appointed by the management team in the head office of Metro World Child New York USA and ratified by vote of a majority of Directors then in office, regardless of their number. Trustees appointed shall hold office until their successors have been elected and qualified.

The areas of risk have been identified and the appropriate policy, in each case will be established during the course of next year and will be reviewed and monitored on a regular basis.

METRO WORLD CHILD UK
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
page 3
On behalf of the board of trustees
A Paliama
Trustee
26 October 2023
METRO WORLD CHILD UK
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF METRO WORLD CHILD UK
page 4

I report to the trustees on my examination of the financial statements of Metro World Child UK (the charity) for the year ended 31 December 2022.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants for England & Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements 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 financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited
1-7 Station Road
Crawley
West Sussex
RH10 1HT
Dated: 27 October 2023
METRO WORLD CHILD UK
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
page 5
Current financial year
Unrestricted
Unrestricted
Restricted
Total
Total
funds
funds
funds
general

designated

2022
2022
2022
2022
2021
Notes
£
£
£
£
£
Income from:
Donations received
3
277,704
335,724
22,550
635,978
588,152
Expenditure on:
Raising funds
4
873
-
-
873
-

Advancing the Christian Religion

5
153,075
335,414
23,048
511,537
578,721
Total resources expended
153,948
335,414
23,048
512,410
578,721
Net incoming/(outgoing) resources before transfers
123,756
310
(498)
123,568
9,431
Gross transfers between funds
(87,381)
86,482
899
-
-
Net incoming resources
36,375
86,792
401
123,568
9,431
Fund balances at 1 January 2022
36,786
99,878
28,544
165,208
155,777
Fund balances at 31 December 2022
73,161
186,670
28,945
288,776
165,208

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
METRO WORLD CHILD UK
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
page 6
Prior financial year
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
general

designated

2021
2021
2021
2021
Notes
£
£
£
£
Income from:
Donations received
3
213,724
369,110
5,318
588,152
Expenditure on:

Advancing the Christian Religion

5
233,936
339,466
5,319
578,721
Total resources expended
233,936
339,466
5,319
578,721
Net income for the year/
Net movement in funds
(20,212)
29,644
(1)
9,431
Fund balances at 1 January 2021
56,998
70,234
28,545
155,777
Fund balances at 31 December 2021
36,786
99,878
28,544
165,208
METRO WORLD CHILD UK
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
page 7
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
11
1,296
1,525
Current assets
Debtors
12
263,237
139,602
Cash at bank and in hand
63,070
73,659
326,307
213,261
Creditors: amounts falling due within one year
13
(38,827)
(49,578)
Net current assets
287,480
163,683
Total assets less current liabilities
288,776
165,208
Income funds
Restricted funds
15
28,945
28,544
Unrestricted funds
Designated funds
16
186,670
99,878
General unrestricted funds
73,161
36,786
259,831
136,664
288,776
165,208

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2022.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 26 October 2023
A Paliama
Trustee
Company registration number 03785459
METRO WORLD CHILD UK
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2022
page 8
2022
2021
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
19
(10,589)
5,637
Net cash used in investing activities
-
-
Net cash used in financing activities
-
-
Net (decrease)/increase in cash and cash equivalents
(10,589)
5,637
Cash and cash equivalents at beginning of year
73,659
68,022
Cash and cash equivalents at end of year
63,070
73,659
METRO WORLD CHILD UK
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
page 9
1
Accounting policies
Charity information

Metro World Child UK is a private company limited by guarantee incorporated in England and Wales. The registered office is Ground Floor, 1 - 7 Station Road, Crawley, West Sussex, RH10 1HT.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds are those designated as such by the directors.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income

Donations, gift aid on donations and other forms of income are recognised as incoming resources when receivable.

1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Expenditure on charitable activities includes grants payable made to third parties and other activities undertaken to further the purposes of the charity and their associated support costs.

 

The Trustees have identified one charitable activity.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, and governance costs which support the charity's activities. These costs have been allocated to expenditure on charitable activities.

METRO WORLD CHILD UK
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
page 10
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The charitable company only has financial assets and 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.

Basic financial assets

Other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

Basic financial liabilities

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably results in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due.

1.9
Taxation

As a registered charity the company benefits from rates relief and is generally exempt from income tax and corporation tax. The charity is not registered for value added tax.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Foreign exchange

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

1.13

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

METRO WORLD CHILD UK
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
page 11
2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Donations received
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
general

designated

2022
2022
2022
2022
£
£
£
£
Donations and gifts
277,704
335,724
22,550
635,978
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
general

designated

2021
2021
2021
2021
£
£
£
£
Donations and gifts
213,724
369,110
5,318
588,152
4
Raising funds
Unrestricted
Total
funds
general
2022
2021
£
£
Fundraising and publicity
Seeking donations, grants and legacies
873
-
873
-
METRO WORLD CHILD UK
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
page 12
5

Advancing the Christian Religion

Advancing the Christian Religion

Advancing the Christian Religion

2022
2021
£
£
Staff costs
47,284
47,088

Direct costs

15,094
14,486
Outreach
-
18,378
Consultancy
32,500
28,123
94,878
108,075
Grant funding of activities (see note 6)
367,768
447,531
Share of support costs (see note 7)
31,676
10,340
Share of governance costs (see note 7)
17,215
12,775
511,537
578,721
Analysis by fund
Unrestricted funds - general
153,075
233,936
Unrestricted funds - designated
335,414
339,466
Restricted funds
23,048
5,319
511,537
578,721
6
Grants payable

Advancing the Christian Religion

Advancing the Christian Religion

2022
2021
£
£
Grants to individuals
367,768
447,531
367,768
447,531
METRO WORLD CHILD UK
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
page 13
7
Support costs
Support costs
Governance costs
2022
Support costs
Governance costs
2021
£
£
£
£
£
£
Depreciation
229
-
229
270
-
270

Rent

8,526
-
8,526
7,974
-
7,974

Insurance

264
-
264
305
-
305

Repairs and maintenance

2
-
2
22
-
22

Telephone

770
-
770
971
-
971

Travelling expenses

20,002
-
20,002
360
-
360

Hire of plant and machinery

143
-
143
312
-
312

Sundries

1,170
-
1,170
126
-
126

Advertising

570
-
570
-
-
-

Independent examiner's fees

-
9,676
9,676
-
5,437
5,437

Bank charges

-
7,539
7,539
-
7,338
7,338
31,676
17,215
48,891
10,340
12,775
23,115
Analysed between
Charitable activities
31,676
17,215
48,891
10,340
12,775
23,115

Governance costs includes payments to the accountants of £3,600 (2021: £3,540) for an independent examination and £6,076 (2021: £1,897) for other services.

8
Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year.
9
Employees

The average monthly number of employees during the year was:

2022
2021
Number
Number
2
2
Employment costs
2022
2021
£
£
Wages and salaries
46,192
46,080
Other pension costs
1,092
1,008
47,284
47,088

The trustees consider the two staff members to be Key Management Personnel, the total benefit paid to them was £47,284 (2021: £47,088).

METRO WORLD CHILD UK
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
9
Employees
(Continued)
page 14
There were no employees whose annual remuneration was more than £60,000.
10
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

11
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 January 2022
7,755
Disposals
(2,319)
At 31 December 2022
5,436
Depreciation and impairment
At 1 January 2022
6,230
Depreciation charged in the year
229
Eliminated in respect of disposals
(2,319)
At 31 December 2022
4,140
Carrying amount
At 31 December 2022
1,296
At 31 December 2021
1,525
12
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
262,922
139,308
Prepayments and accrued income
315
294
263,237
139,602
13
Creditors: amounts falling due within one year
2022
2021
£
£
Other taxation and social security
753
617
Accrued grants
30,084
39,754
Accrued expenses
7,990
9,207
38,827
49,578
METRO WORLD CHILD UK
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
page 15
14
Retirement benefit schemes
Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £1,092 (2021 - £1,008).

METRO WORLD CHILD UK
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
page 16
15
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Movement in funds
Movement in funds
Balance at
1 January 2021
Incoming resources
Resources expended
Balance at
1 January 2022
Incoming resources
Resources expended
Transfers
Balance at
31 December 2022
£
£
£
£
£
£
£
£
Appeal fund - Pastor Bill
3,447
-
-
3,447
-
-
-
3,447
Special Events Romania
4
-
-
4
-
-
-
4
Special Events (Operation MOM)
5,941
-
-
5,941
-
-
-
5,941
Special Events USA
2,078
-
-
2,078
25
(25)
-
2,078
Special Events Kenya
12,258
1,298
(1,298)
12,258
88
(370)
-
11,976
Special Events PH
14
-
-
14
-
-
-
14
Camp Phillipines
5
1,106
(1,106)
5
938
(938)
-
5
Camp Romania
4,228
67
(67)
4,228
67
(67)
-
4,228
Camp Kenya
1
2,847
(2,848)
-
2,289
(3,188)
899
-
Humanitarian Medical Aid Kenya
569
-
-
569
-
-
-
569
Book Bag General USA
-
-
-
-
544
(544)
-
-
WBO USA BOL Thanks Giving
-
-
-
-
4,324
(3,641)
-
683
WBO Summer (Day) Camp USA
-
-
-
-
6,954
(6,954)
-
-
Haiti Relief & Afghanistan Appeal Fund
-
-
-
-
7,321
(7,321)
-
-
28,545
5,318
(5,319)
28,544
22,550
(23,048)
899
28,945

Appeal fund - Pastor Bill - are funds generated during speaking engagements of the senior pastor and founder of Metro Ministries, Reverend William F Wilson. The specific appeals are announced during his visit.

 

The other restricted funds represent funds donated where the donor has specified that proceeds be transferred to a particular cause.

METRO WORLD CHILD UK
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
page 17
16
Designated funds
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
Movement in funds
Movement in funds
Balance at
1 January 2021
Incoming resources
Resources expended
Balance at
1 January 2022
Incoming resources
Resources expended
Transfers
Balance at
31 December 2022
£
£
£
£
£
£
£
£
Sponsorship funds
70,234
369,110
(339,466)
99,878
335,724
(335,414)
86,482
186,670
70,234
369,110
(339,466)
99,878
335,724
(335,414)
86,482
186,670
Sponsorship funds represent funds raised during the year on various appeals other than specifically restricted appeals.  It also includes all funds directly related to sponsorship programmes such as funds for children in the Phillipines and South Africa, the Book Bag Project, Summer Camp and the Won by One fund.
METRO WORLD CHILD UK
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
page 18
17
Analysis of net assets between funds
Unrestricted funds
Designated funds
Restricted funds
Total
2022
2022
2022
2022
£
£
£
£
Fund balances at 31 December 2022 are represented by:
Tangible assets
1,296
-
-
1,296
Current assets/(liabilities)
71,865
186,670
28,945
287,480
73,161
186,670
28,945
288,776
Unrestricted funds
Designated funds
Restricted funds
Total
2021
2021
2021
2021
£
£
£
£
Fund balances at 31 December 2022 are represented by:
Tangible assets
1,525
-
-
1,525
Current assets/(liabilities)
35,261
99,878
28,544
163,683
36,786
99,878
28,544
165,208
18
Related party transactions

There were no disclosable related party transactions during the year (2021 - none).

19
Cash generated from operations
2022
2021
£
£
Surplus for the year
123,568
9,431
Adjustments for:
Depreciation and impairment of tangible fixed assets
229
270
Movements in working capital:
(Increase) in debtors
(123,635)
(8,016)
(Decrease)/increase in creditors
(10,751)
3,952
Cash (absorbed by)/generated from operations
(10,589)
5,637
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