Company Number- 05128833 Charity Number- 1104230 CHANGE AGENTS UK CHARITY (A COMPANY LIMITED BY GUARANTEE AND ITS SUBSIDIARY UNDERTAKINGS Financial Statements for the year ended 31 March 2024 Change Agents UK 'ADBDX8NM* 1010912024 COMPANIES HOUSE
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CHANGE AGENTS UK CHARITY Index forthe year ended'31 Mah 2024 Page Legal and administrative information 1 to2 Report of the trustees 3to16 Independent examiners report to the members 17 Consolidated Statement of Financial Activities 18to19 Group and charty balance sheets 20 Notes to the financial statements 21 to30 Fund comparatives 32to33
CHANGE AGENTS UK CHARITY Legal and administrative Infom)ation for the year onded 31 March 2024 Dlrector8 and Trustees Sheri-Leigh Miles Trevor Gibson Chair appointed 5 December 2023 Vic&Chair (retired as Chair- 5 December 2023) Dr lan Paton Dr Emma Fieldhouse (retired as Vice-chair - 5 December 2023) Professor (Emeritus) Mark Lemon Charlotte Dixon Charlotte Bonner Catherine {Katy) Boom Dr Lofena Pasquini Eleanor Snare Dr Shujhat Khan (Resigned 5 December 2023} Chief Executive Alexandra (Lexie) Jones R•gl8tored offlce Oakham Railway Station Station Approach Oakham Rutland LE156QT Company reg18tration numbor 05128833 Charlty reg18tratlon numbèr 1104230 Independent Examiner Ken Maggs Hoekman Way Spalding Lincs PE113HE Banker8 The Cooperative Bank pl¢ Stockport Business Direct PO Box 250 Skelmersdale WN8 6wr CCLA Investment Management Funds COIF Charity Funds 80 Cheapside London EC2V 6DZ Page 1
CHANGE AGENTS UK CHARITY Legal and administrative Snformatlon (Contlnued for the year ended 31 Mah 2024 Solicitorn Travers Smith LLP 10 Snow Hill London EC1A2AL Insurance brokers Pl8 Insurance Brokers (Gloucester CaSE-L) aQmen Underwriting Services Southgate House Southgate Street Gloucester GL1 1UB Page.2
CHANGE AGENTS UK CHARITY Report of the trustees for the year ended 31 March 2024 The Board of Trustees of Change Agents UK Charity, who are also directors of the charty for the purposes of the Companies Act, are pleased to present their annual report for the year ended 31 March 2024 under the Charities Act 2011, together with the independently examined accounts for the year. The Board of Trustees confirm that the latter comply with the requirements of the Act, the Trust Deed and the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities" REFERENCE AND ADMINISTRATIVE INFORMATION The organisation is a charitable company, registered under charity number 1104230 limited by guarantee, incorporated and registered as a charity on 14 May 2004. The charity was established under a Memorandum of Association, which eslablished its object and powers. Change Agents UK Charity Trustees, executive officers and principal addresses of the Charity are as listed on page 1. Particulars of the Charity's professional advisers are given on pages 1 to 2. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing Document Change Agents UK Charity is governed under its Artides of Association. In the event of the charity being wound up members are required to contribute an amount not exceeding £1. Governing Bodies The Charily is governed by the Board of Trustees detailed on page 1. Appointment The Directors of the charity are also Trustees for the purposes of charity law and under the Charity's Articles are known as members of the Board of Trustees. Under the requirements of the Memorandum and Articles of Association, a third of the members of the Board of Trustees are required to retire at the annual general meeting. Members required to retire may stand for re-election. Recruitment of Trustees Analysis carried out each year identifies certain skills that would be required for the Board in future. A sustained effort has been made to recruit trustees with these skills and experience to improve the quality and effectiveness of the board. All members of the Board of Twstees give their time voluntarily and received no benefits from the charity. Organisational Management Day-to4ay management of the Chanty, its subsidiary undertakings and the staff team is overseen by the Chief Executive. Group Structure and Relationships The Charity has a wholly-owned trading subsidiary, Change Agents UK Trading Ltd, the sole purpose of which is to undertake Sustainability-laled projects that generate funds for the Charity and support the delivery of our charitable objectives. The subsidiary mainly functions as a sustainability recruitment and employment business. Work undertaken in the trading subsidiary directly supports the Charity's objectives in terms of raising public awareness on sustainable development through the provision of recruitment, training and work placements for projects that deliver sustainable change. The organisation holds Corporale Membership of the Recruitrnent & Employment Confederation (REC}. Staff costs are expensed within the Charity with a cross<harge to the trading subsidiary to reflect work undertaken on its behalf. Profits generated in the trading subsidiary are gift-aided to the Charity under a Deed of Covenant, to support its work in education for sustainability and employability. Page 3
CHANGE AGENTS UK CHARITY Report of the trustees (continued) for the year ended 31 March 2024 Group Structure and Relationships (continued) Change Agents UK Charity supports young people, education, employability and communities partly through networking and partnerships wrth organisations in the public, private and third sectors working in the field of sustsinability. The Charity also benefits from an "alumni" network whose close support we greatly appreciate and acknowledge. Risk Management The Trustees have considered the major risks faced by the Charty. Risks are managed and minimised by monthly reporting and action and by reviewing policies periodicalty. The Group Risk Register is maintained and reviewed at 8oard Meetings. The Board has formally adopted the Charity Governance Code as a mechanism to underpin its compliance with legal and regulatory responsibilities. Volunteers Our volunteers fall into several categories. There are our Board of Trustees, who take responsibility for corporate governance and the strategic management of the charity. Professor Stephen Martin, our President and Co-Found8r. works hard on behalf of the Charity and regularty lends it the benefit of his considerable knowledge, skill and support. Then there are our other experienced volunteers, who contribute their skill and time to our charitable endeavours, particularly in training and development. Change Agents UK Charity gratefully acknowledges the contribution of our volunteers and thanks them for all of their hard work. All our volunteers give their time felY and receive no financial benefit from the Charity. CHANGE AGENTS UK: OUR MISSION AND IMPAcr Charitable Objects Our charitable objectives are'to advance the education of the public in sustainable development by the provision of exhibitions, meetings. lectures, classes, seminars and courses either alone or with others, and to promote and undertake research for the public benefit in sustainable development and to disseminatè the useful results of such research. To us, sustainable development means a way of learning. living and working that integrates environmental protection and management with both social and economic development, in a way thal does not compromise the ability of other people, now or in the future, to meet their own needs. We support the delivery of the Sustainable Development Goals and we work towards the realisation of a low-carbon economy and a secure. resilient and fair future for all. Strategy To work towards our strategic vision of a secure, resilient. and fair future for all and deliver our charitable objectives, undertthe the following activities.. 1. We recruit, train and support people to begin and maintain impactful careers in sustainability, decarbonisation and Net Zero and in socially valuable or community-focu8ed roles. 2. We provide interactive educats'on programmes designed to raise awareness and understanding of sustainability and Net Zero, to provide people with the skills neaded for a greener fulure and to drive forward action by individuals and organisations. 3. We provide project support for environmental, social and community projects. Page 4
CHANGE AGENTS UK CHARITY Report of the trustees (continued) for the year ended 31 March 2024 Objectives for the year Our objectives for the year were.. 1. Achieve at least 20% growth of impact by educating and supporting more people through our programmes. 2. Launch and deliver Carbon Literacy for Change Agents, accredited by the Carbon Literacy Project. 3. Continue to support the recruitment of Change Agents into meaningful work in sustainability and Net Zero, considering new sectors. 4. Continue to provide excellence to our clients, partners, service users and beneficiaries. S. Maintain a robust and healthy financial position to ensure the Charity can continue its important work. 6. Ensure diversity and inclusion in all forms are al the heart of everything we do and work to ensure that we expand accessibility and outreach in our work. 7. Oemonstrate that we -walk the walk" with our IIE accreditation and ongoing commitment to sustainability in our own operations. 8. Alongside our work with many national and international organisalions, we also ensure that we provide support for local community projects in Rutland and the Easl Midlands. where Change Agents UK is headquartered. 2023/24: A Year of Impact Highlights of the year Sustaina bility Education & Green Skills Delivering sustainability training courses and skills workshops to more than 1,100 people, a 28% increase on the previous year. Developing our own accredited Carbon Literacy for Change Agents course and training 60 people. Launching our Skllls Bootcamp In Sustalnablllty & Envlronmental Management with partner organisation PECT funded by the Departmenl for Education (DfE). Supporting the DfE'8 Climate Ambassadors Programme. Launching our new specialist sustainabllity course for Human Re80urces professionals. Running our first Cllmate Fresk and Biodiversity Collag• workshops. Sustainability Recruitment Moving into recruitment of senior position8 such as Head of Marketing, Sustainability Managers and Education Relationship M8nagers. A rise in suslainability communications roles - 'Head of Marketing, with Nattergal, 'Marketing Manager, with Knepp and 'Communications Managerf with EAUC. Diversifying into tha broader grnen careers space with recruitment of four senior rewilding roles. Enabling Access Widening the reach and impact of our courses by introducing our Sustainabilty Leadership Skills Programme (SLSP) Access Scheme. Delivering free-to4ccess workshops at conferences and online as part of Green Careers Week, World Environment Day and LeamingAtWorkWeek amongst others. Page S
CHANGE AGENTS UK CHARITY Report of the trustees (continued) for the year ended 31 March 2024 2023/24: A Year of Impact (Continued) Voluntary and Community Sector Researching and writing a new Voluntary and Community Sector Strategy for Rulland. Developing climate action plans with community groups in Derbyshire. Raising donations to supply the Community Fridge with new eco-friendly cleaning and hygiene products. Our Own Green Credentials Achieving and maintaining Silver Accreditation for our Investorn in the Environment {iiE) Environmental Audit., aiming for 'Green' level accreditation by mid-2024. The Year in Numbers Chanco Ao¢•ts IJN 2023/24 IN NUMBERS OIIA SUSTAIIIA8ILXTYIMPACT Iri 335 HOWOVOUX¥iAV 63 CwknLMav4¢VUrtIA£411qft 72 123 PlOPi4lJ<<l*It•owi C•YRIISFRU-01-¢ItAIGI
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•RGAIIIIAIXONAiWSf•MThI 69 Education Programmes & Workshops During this year, we've expanded our education programmes to introduce new sustainability topics. become providers of popular extemal courses, and share our unique expertise. We've delivered 41 % more courses than in the prior year to more than 1100 learners. We have increased the number of accessible public courses that we run and responded more to business and societal needs. Page 6
CHANGE AGENTS UK CHARITY Report of the trustees (continued) for the year ended 31 March 2024 2023/24: A Year of Impart (Continued) Key impact measures In 2023124, delivery of our educats'on programmes has grown by all measures year-on-year. The number of sesslons delivered grew by 41% to exceed 100 over the year. 71 % increase in Sustainabilty Leadership Skills workshops provided. More than twice as many green careers training courses, including our Green Careers & Future of Work and student-focused Susiainable Futures. This year we launched our own accredited Carbon Literacy for Change Agents which has certified over 60 learners, We've started delivery of new courses including Climate Essentials. Sustainability & Net Zero for HR. as well as training to facilitate the popular Climate Fresk and Biodiversity Collage workshops. The total number of partlclpants Is up by 28% overall. 2023124 has seen a 720k increase in participants from businesses and a huge 261 % increase in members of the public attending our courses. Continuing what works We've continued to roll out our flagship 10-part Sustainability Leadershlp Skills Programme to university staff and students, lo people starting out in green careers and wilh various teams in organisations. We've delivered 71 % more 8esslons than the previous year, including new sessions in 'Climate Anxiety & Resilience, and 'Sustainability Leadership,. This includes weekly sessions lo 'Change Agents, as well 88 bespoke delivery to staff and students at Universities in Leicester and the Open Universily. We've delivered more of our careers-focused workshops including our student-focused Sustainable FutUrn8 workshop and Green Care•rn training to employability teams in further and higher education. We delivered over fviice as many of these workshops as the previous year. Our education clients this year have included. Open University Llverpool John Moores Unlvetsl¢y East Coast College Unlvei¥lty ofw•rtes¢ef . He8ntrndsA¢3dertry ilnlvenlty IYHertlord%hlre UrtlvefslLy Of Lelcertef Derbyshire Community..Energy Manchester Metropotitan University Skllls Bootcamp Pect Change Agents NattergaL Shenley Academy 'Access Scheme lJnlversityOI Salforo De Montfort University Lougliborough University Nottlngh4mTient Un1¥2rsil¥ Expanding our collection We continued to develop and deliver bespoke training. including for careers weeks and 'sustainability fortnights" at universities, college CPD days and to local business members in East Anglia. From one-hour to full-day sessions, they have received positive feedback for Iheir values-focused apwoach, interactivity and professionalism. Page 7
CHANGE AGENTS UK CHARITY Report of the trustees {continued> for the year ended 31 March 2024 2023/24: A Year of Impact (Continued) Expanding our collection (continued) Our team are highly experienced delbvering Carbon Literacy training to the Higher Education sector. which we continued throughout this year. We were also proud to receive accreditation of our own Carbon Literacy for Change Agents course in June 2023, through which more than 60 learners became Carbon Literate,. this included change agents at more than 30 different organisations, as well those who joined us on funded 'acces5' places offered to career transitioners and those on Iow-incomes. All of those who gave feedback said they would recommend us and the course to others. This year, we acknowledged the fantastic and unique skills that the CAUK team have across HR, recruitment and impactful education. We distilled this expertise into our brand-new Sustainability & Net Zero for HR and have delivered it to international audiences. Sowing new seeds We are members of the consortium delivering the Department for Education-funded Cllmate Ambassadors Programme. This irnportant scheme. co-led by the University of Reading and the EAUC. supports the delivery of the DfE's target for all education settings in England to have climate action plans in place by the end of 2025. Change Agents UK are the national partner for training and mentoring. We have also launched our first Government-funded Ski118 Bootc•mp In Sustainablllty & Envlronmontal ' Management with our partner organisation, PECT. This exciting new programme includes our .Sustainability Leadership Skills Programme and Carbon Literacy training to support leamers in their transition into future-focused green careers. We look forward to these courses growing in reach and impact over the next year. Access to our services We are very aware that not everyone has the privilege of aCSS to training, and that sustainability is the second least diverse sector in the UK. It is our part of our mission to ensure that people are not left behind in the transition to a sustainable world and a net zero future. We are increasing the accessibility of our courses by removing financial and organisational b8rrier8 wherever possible. We launched our Sustalnablllty Le•der8hlp Sklll¥ Acce88 Scheme for 18-25 year-olds, to support those who want to enter green careers to develop the skills, netrNorks and experiences to do so. We later expanded this to all ages, to support career transitioners as well as early careerists. This year we have supported 11 people through this programme. We also offered 11 free or heavily discounted open courses accessible via Eventbrite. These reached over 100 individuals and addressed topics such as climate anxiety. SUStain8bility leadership, and the future of work in the green transition. Impact of our courses Our Course Ratings.. Course attendees are asked to rate aspects'.of course content. delivery and applicability. The average scores across all our courses are.. Course content Tralning Methods Tralnef's dellvery Style & approach Relevance to current work 90% 89% 93% 89¥0 Page 8
CHANGE AGENTS UK CHARITY Report of the trustees (continued) for the year ended 31 March 2024 2023124: A Year of Impact (Continued) The impact of our Carbon Literacy training We ask all our learners to complete surveys before and after attending Carbon Literacy training. These cover Confiden in the key learning areas covered by the course, including knowledge about climate change and identifying actions to reduce carbon footprinls. In all key learning areas, participants feel that their knowledge, skills and confidence have increased as a result of taking part in the training. I know a lot about climate change Stfonaly disa8ree Slightly disagree Slightly aBree Strongly a8ree io 20 30 40 50 60 fl After trainin8 • Before tralnln8 l am confident identifying actions that will reduce my personal carbon footprint Strofi8ly disagree Sli8hily disa8ree Sli8htly a8ree Strongly a8ree io 20 30 40 60 70 80 90 io) O After training • 8efore tfaining Page 9
CHANGE AGENTS UK CHARITY
Report of the trustees (continued)
for the y•ar end•d 31 March 2024
2023124: A Year of Impact (Continued)
What people are saying...
Its suitable for everyone whether you are only just at
the start of your sustainability journey or have been in
the industry for years. It covers such a breadth of
areas and 8ives you vital skills and values to take
forward in your career.
Sustainobility Leodership Skills Progromme
Glve5 you the toots you nd to recosnlse that
vou alrthdy are a 5Uslalnability leadv and how
to communlrzte thatth your spheres Of
Influence.
Swtolnablllty ieodetshlp Skllts frogrnfflme
We were ab501utely dellghtrd vthh the quallty of the Sess[ that Ueanor and Alexplanned and
dellvered. The sesslon enabled students to e¥plare-Green Careers" through the lens of dlmate chanz¢
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CHANGE AGENTS UK CHARITY Report of the trustees (continued) for the year ended 31 March 2024 2023124: A Year of Impact (Continued) Green Recruitment Our services We continue to offer green recruitment and employment services through Change Agents UK Trading Ltd, our wholly-owned subsidiary focused on green jobs and skills. We provide support for individuals seeking green Jobs and we work with employers who are seeking the best candidates for their sustsinability, energy or green roles. We provide a comprehensive service, helping from the start of the process. We work with organisations to create suitable sustainabilty job descriptions and candidate specifications, we source suitable candidates, managing applications and collaborating on intepiiews. As an employment services provider, we can additionally handle all aspects of the employment from payroll administration to contracts. Recruitment in the past year We've recruited people into thlrteen sustainability and green roles working With twelve drflerent customers. Everyone we recruit becomes a "Change Agenf, benefitting from access to our Sustainabilty Leadership Skills Programme (SLSP) programme to learn Ihe transferable skills needed lo excel in a sustainability role and lo help them build their network by meeling other sustainabilty professionals. All Change Agents receive monthly 1..1 mentoring from our team to give additional support with their career development and planning. This year we've also supported our first tranche of Skills Bootcamp trainees and provided green career guidance and interview feedback support to more than SO people. Our recruitment clients We have longstanding relationships with clients in the Higher Education sectoi and with local authorities and the public sector. This year, we have extended our reach wrkIng with BRODIE sustainabilily consultancy to provide impacfful internships, and with Naltergal, a nature restoration company. University Of Greenwich Bedford Borough Council University Of Sheffield NattergaL Ilnnovate Uk Ktn Brodie Future We Want Page11
CHANGE AGENTS UK CHARITY Report of the trustee5 {continued) for the year ended 31 March 2024 The impact of our recruitment services Case study of a Change Agent- Eve Eve had recently completed her BA in Business and Management with a focus on Climate Change and was looking for her first sustainability role. Change Agents, recruitment team secured a 12-week placement opportunity in sustainability consultancy, for which Eve successfully applied. After this opportunity, she moved into full-time employment in her chosen field. Eve also benefited from: Our Sustainability Leadership Skills Programme- 10 interactive sustainability skills modules delivered by our education team. Our 12-month mentoring programme. These are both offered to all our Change Agents. Page 12
CHANGE AGENTS UK CHARITY Report of the trustees (contlnued) for the year ended 31 March 2024 The impact of our recruitment services (continued) Case study of a Change Agent- Eve (continued) Placement title: Sustainability Analyst Intern at BRODIE Consulting Responsibilities: Supporting on client projects by carrying out research, as well as pulling together trends and insights for internal news briefings. Proudest achievement: Researching and writing sector research documents. Top 3 skills developed on placement "Building professional relationships; research and data analysis; organisation and time management" Next steps: Following her placement Eve secured a permanent role with BRODIE as a Sustainability Consultant. Page 13
CHANGE AGENTS UK CHARITY Report of the trustees (continued) for the year ended 31 March 2024 The impact of our recruitment services (continued) What people are saying... Had a wonderful expellen with Chanp nts and the support th3t was offered, I highly advocate for CAUK and Wld always recomm?rKfj the opputuntty to anyo. Chan8eAgents has made the reuultment oossextremely gnocth from our perspectiv< they are professFonal and frlenaly. and realty urMle¥stand what you red. Welfe had three hi cafbre slaranents so frar and rarJ fatht the Pro51 My tlme as a thae agent Was tran%formatlonal. I found the OPptUnIty to be both challerylrE and developftiental: I waspushed to leam aftd grow. and i am huBety grateful forV* opsxjrtuntty. It was weat to be a part of a larpr crynmunity of p1aLti. wlth a tO¥k of 5nspiratlonal and apwo3cl4ible SU5taFnalxlity professionals from whith I could learn from and be Insplred by. Our other achlevements Investors in the Environment In addition to our sustainability work in education and Tecruitrnent, we believe our work praclices should reflect our charilable purpose. We have achieved Silver Investor8 in the Environment {iiE) accredltatlon and are now working towards gaining Green Accreditation in mid-2024. VCSE Strategy for Rutland Change Agents UK Works nationally bul is headquartered in Oakham, Rulland. In 2023 Change Agents worked in partnership with Citizens Advice Rutland (CAR) and many local voluntary sector organisations to research the make-up of Rutland's VCS and develop a sector strategy that would help VCS organisations meet the ongoing needs of local people in the county. Developing Community Energy in Derbyshire and Nottinghamshire We've been working in partnership with Derbyshire Community Energy Partnership Hub to realise the ambition to create a regional umbrella organisation that supports the creation, grovrth and innovation of local Community Energy (CE) groups across Derbyshire and Nottinghamshire. Page 14
CHANGE AGENTS UK CHARITY Report of the trustees (continued) for the year ended 31 Mah 2024 Developing Community Energy in Derbyshire and Nottinghamshire Equalty, diversity, and inclusion are central to our work and values. We want to improve accessibilTrty to education for sustainability development. futur8 skills provision and address the low levels ol diversity in the environmental science and sustainability profession& Our work this year has continued to open doors for people from all backgrounds, both in education and recruitrnent into green jobs, helping them to prepare for 8 successful and sustainable future. and the recruitrnent of our own Board and staff members placed strong emphasis on diversity and widening representation. Our Access scheme has proved successful in dernonstrating our commilrnent to inclusion and provide opportunrties to those bvho would oth8Thvis8 b8 unable to access sustainabilty education and skills training. We will continue to strive for equality, fairness, and justlC8. Financlal review Group income amounted to £480,105 (2022r23.' £526,589). Total expenditure c8m6 to £497, 079 (2022/23.. £487, 700). The overall Group results for the year showed a sm811 net deficit. before defeffed tax, of£16,974 (20223 suplus of £38,889). Despite challenging funding and trading conditions throughout the year, the Charity has retained a sound financial position by ensuring Innovation In fundraising and Income generation and through careful management of cosis. Reserves policy The Tru6tees have considered the requirement for free reserves which are those unrestrlcled funds not invested in tangible fixed assets. fixed assets investments, or designated for specrfic purposes or otherwis8 committed. The Trustees have decided that the group should seek to malnt8in free reserves equivalent to 3 months, revenue expenditure. This will be reviewed in the next financial year. and the trustees will consider Increasing this to refiect the more volatile global economic situation and trading condilions. The Group Balance Sheet shows Unrestricted Funds. of £191,362 at 31 March 2024 (2022123 £208,304). The Group Free reserves were £138,818 (2022123 £151,551). The Trustees have a reasonable expectation that the Charity will continue in op8rational existence for the foreseeable future,. the Trustees are not aware of any material uncertainties about the entws ability to coniinue. Therefore. the Trustees have used the going concern basis in preparing these financial statements. Plans for future periods Change Agents UK will continue the important work supporting national sustainabilty programmes such as the Climate Amba88adors scheme and we will seek to expand our provision of Green Skills Bootcamps. supporting many more people to develop the skills and confidence to tackle crucial jobs in the green economy. We will conts'nue to focus on Carbon Literacy, looking at areas where we can achieve maximum impact, such as by working with decision-makers in local government and wilhin the education sector. We will offer further outreach and access programmes, delivering on our commiknent to support inclusion in th& transition to nel zero and a sustainable future for all. Page 15
CHANGE AGENTS UK CHARITY Report of the trustees (continued) for the year ended 31 March 2024 Public benefit The Trustees have considered the Charities Comrnission's requirement in respect of Public Benefit when reviewing our aims and objectives and in planning future activits'es. The Charity undertakes a range of activities in pursuance of its charitable aims. The Trustees consider that these activities provide benefit by advancing education In sustainable development through providing and facilitating training, seminars and workshops. attending conferences and through projects, work placements and the assimilats'on of knowledge and practical leaming through real and meaningful work opportunilies. Statement of trustees, responsibilities Company and charity law requires the Trustees of a charity to prepare financial statenwits for each tinancial year which give a true and fair view of the state of affairs of the charity and ol the surplus or deficit of the charity for that period. In preparing these financlal statements, the Trustees are required to.. Sdect suitable accounting policies and then apply them conslstently, make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards and statements of recommended practice (SORP) have been followed, subject to any departure disclosed and explained in the financlal statements; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will conlinue in business. The Trustees are responsible for keeping proper accounting records that disc105e with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements compby with the Companies Act 2006. They are also responsib for safeguarding the assets of the company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The maintenance and integrity of the Charty's website is the responsibility of the Trustees. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislations in other jurisdictions. Insofar as the Trustee8 are aware.. There is no relevant infomiation of which the Charity's exarnlner Is unaware. and They have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the examiner is aware of that information. Independent Examiner A resolution proposing the re-appointment of Ken Maggs FCA as independent examiner will be put to the members at the Annual General Meeting. Small company provisions This report ha5 been prepared in accordance with the provisions applicable to companies entiled to the small companies exemption. This report was approved by the Board of trustees on 3 September 2024 and signed on its behaff by Sheri-Lelgh Mlles, Chalr Page 16
Independent examiners report to the members of . CHANGE AGENTS UK CHARITY I report to the charity trustees on my examination of the consolidated accounts of the Group comprising Change Agents UK Charity {'the chartty,) and ts subsidiary undertakings for the year ended 31 March 2024, which are set out on pages 18 to 33. Responsibilities and basis of report As the Irustees of the charity (and also its directors for the purpose8 of company law) you are responsible for the preparation of the consolidated accounts of the Group in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,) and the Charities Act 2011 {'the 2011 Act,) and you have chosen to prepare consolidated accounts for the Group. Having satisfied myself that the accounts of the group are not required to be audited under Part 16 of the 2008 Act and are eligible for independent examination, I report in respect of my examination of the consolidated accounts. I have carried out my examination under section 145 of the 2011 Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examinerf8 8tstemont Since the group'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 l am qualified to undertake the examination because l am a member ol the Institute of Chartered Accountants of Èngland and Wales. which is one ol the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with Ihe examination giving me cause to believe.. accounting records were not kept in respect of the group as required by section 130 of the 2011 Act and section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act and the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connectron with the examination to which atlenlion should be drawn in this report in order to enable a proper understanding of the accounls to be reached. KJMAGGSF Chartered Accountant Hoekman Way Spalding PE113HE Date: 3 September 2024 Page 17
CHANGE AGENTS UK CHARITY Consolidated Statement of Financial Activities (incorporatlng the consolldated income and expendlture account) for the yoar ended 31 March 2024 Unrestrlcted Restricted Fund8 Funds Total Fund8 2024 Total Funds 2023 Nots Income from: Donations and legacies Charitable aclivits'es Other trading activities Investments 1.231 62,361 412,697 2,768 798 250 2,029 62.611 412,697 2,768 4,632 60,446 460,368 1,143 Total Income 479,057 1,048 480,105 526,589 Expendlture on: Raising funds Charitable activiti'es Governance costs (384,323) (109,833) {2,110) (384,323) (110,6461 (2,1101 {405,914) (79.180) (2,606) (813) Total resources expended (496,266) (813) {497,079) (487,700) Net {oxpendlture) I Incom? befor• tax Tax on surplus on trading actiiiities {17,209) 267 235 (16,974) 267 38,889 {166)_ Net (exp•nditure) I Incom Transfers befvveen funds (16,942) 235 (16,707) 38,723 Net movement in funds (16,942) 235 (16,707) 38,723 Total funds brought forward 208,304 208,304 169,581 Total fund8 c•rrl•d forward 191,362 235 191,597 208,304 The charity has no recognised gains or losses Other than the results for the year as set out above. All of the activities of the charity are classed.as continuing. The charity has taken advantsge of section 408 of the Companies Act 2006 not to publish its own Slalement of Financial Activities. The accounting policies and notes on pages 21 to 33 form part of these financial statements. Page 18
CHANGE AGENTS UK CHARITY Consolidated Statement of Financial Activities (incorporating the consolldated Income and expenditure account) for the year ended 31 March 2023 Unregtrlcted Restricted Funds Funds Total Funds 2023 Incom• from: Donations and legacies Charitable activities Other trading activitles Investments Other income 4,617 60,446 460,368 1.143 15 4.832 60.446 460.368 1,143 Total Income 526,574 15 526.589 Expenditure on: Raising funds Charitable aclivlties Govemance costs (405,914) (79,165) (2.606) (405.914) (79.180) (2,606) (15) Total resources expended (487,685) (15) (487.700) Net Income before tax Tax on surplus on trading activities 38,889 (166) 38,889 (166) Nèt Income Transfers beeen funds 38.723 38.723 Nèt movement in funds 38,723 38,723 Total fund8 brought lorward 169,581 169,581 Total fund¥ carrl•d lonNar(I 208.304 208,304 Page 19
CHANGE AGENTS UK CHARITY Group and charity balance sheets al 31 March 2024 Group 2024 Charity 2024 2023 2023 Note Fixed as$et8 Intangible assets Tangible assets Investments 10 11 12 22,718 27,461 21,515 24,853 22,718 27,461 21,518 24,856 Cuffent a8••t• Debtors Cash at bank and in hand 13 42.090 175.890 217,980 21,316 51,465 245,791 109,121 267,107 T586 16 29,843 129,792 159.635 Crndltor8: amount8 lalllng du• wlthln on• y•ar 14 (48,872) (85,768> (21,763) 18,582) Net current assets 169,108 181,339 138,823 151,053 Provi6ion8 for liabilFtie8 and charges (229) (496> Net assets 191,597 208,304 160,341 175,909 Unrestriet•d funds General funds 15 191.362 208,304 160,106 175,909 R•8trlct•d fund• 16 235 235 Total Funds 191,597 208,304 175,909 The trustees are satisfied that the charity is entitled to exemption from audit of the financial statements for the year under Section 477 01 Ihe Companies Act 2006 (the Act) relating to small companies and that the members have not required the company to obtain an audit in accordance with Section 476. The trustees acknowledge their responsibilities for. li) ensuring that the charity keeps proper accounting records which compty Yth (li) preparing financial ststements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and ol its profit or loss for the financial year in accordance with the requirements of section 398. and which othepwise comply with the requirements of the Act relating to financial statements, so far as applicable to the charity. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standards applicable in the UK and Republic of Ireland.. Approved by the Board of Trustees on 3 S•ptember 2024 and signed on its behalf.. sherie1gh Mll8s, Chalr Company Reglstratlon Number: OS128833 Reglst•r•d Charlty Number: 1104230 The accounting policies and notes on pages 21 to 33 form part of these financial statements. Page 20
CHANGE AGENTS UK CHARITY Notes to the financial statements for the year ended 31 March 2024 1. Accounting pollcles Charity Informatlon Change Agents UK Charity is a private charrtable company limited by guarantee and is incorporated in England and Wales. the registered office is located at Oakham Railway Station, Station Approach, Oakham. Rutland, LE15 6QT. The company constitutes as a public benefit entity as defined by FRS 102. The principle activity is advancing education in sustainable development- formally through providing lessons, seminars, conferences and lectures,. and informally through projects, work placements, volunteering and the assimilalion of knowledge, practical learning and doing real work. Ba818 of preparatlon The financial statements have been prepared in accordan with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 issued in October 2019, the Financial Reporting Standard applicAble to the UK and Republic of Ireland (FRS 102), the Charities Act 2011. the Companies Act 2006 and UK Generally Accepted Accounting Practice. The Charity has taken the available exemption under the Charities SORP (FRS 102) Update Bulletin 1, as a smaller charity, to not prepare a Statement of Cash Flows. The financial statements are prepared on a going concern basis under the historical cost convention, as modified to include certain items at fair value. The financial statements are presented in Sterfing (£), which is deemed to be the functional currency of the charity. Basis of Consolidation These financial statements consolidate the results of the charity and its wholly owned subsidiaries,. Change Agents UK Trading Limited and Sludentforce for Sustainability Limited, on a line by line basis. Studentforce for Sustainability Limited was dormant during the year. A separate Statement of Financial Activities (incorporating the Income and Expenditure Account) are not presented tor the charity itself following the exemplions afforded by section 408 of the Companies Act 2006. Fund accounting Unreslricled funds are available for use at the discretion of the Board of Trustees in furtherance of Ihe general objects of the charity. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. Page 21
CHANGE AGENTS UK CHARITY Notes to the financial ststements {continued) for the year ended 31 March 2024 1. Accounting policies (continued) Income recognition Ail incoming resources are included in the Ststement of Financial Activities when the charity is entitled to the income conditions and the amount can be probable. The following specific policies are applied to particular categories of income: Voluntary income received by way of donations and gifts is included in full in the Statement of Financi81 Activities when receivable. Grants, where entitlement is not conditional on delivery of a specrfic performance by the charity, are recognised when the charty becomes unconditionalty entilied to the grant. .Revenue grants are carried forlvard to the extent that the granlor specifies that the grant is for expenditure in future accounting periods. Grants carried forward in this way are accounted for as deferred income. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entidement has occurred. Investment income is accounted for when receivable. Expendlturn recognltion Expenditure is recognis8d on an accruals basis as a liability is incurred and includes irrecoverable VAT. Costs of generating funds are the costs incurred in attracting voluntary income and trading activities which raise funds. Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activrties and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management of the charity. All costs are allocated behveon the 8xpenditur• categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated 'directly,' others are apportioned on a per project basis. The company operated a defined contribution pension scherne for the benefit of the employees. The pension cost charged in the Statement of Financial Activities represents the amount of contributions payable to the Scheme in respect of the accounting period. Flnancial Instruments The Charity only enters into basic financial instruments transactions that result in the recognition of rinancial assets and liabllities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in ordinary. shares. Taxation No provision has been made for corporation tax, as the company is of charitable status. A provision for corporation tax is necessary in the subsidiary undertakings on its taxable profits. Page 22
CHANGE AGENTS UK CHARITY Notes to the flnanclal statements (contlnued) for the year ended 31 March 2024 1. Accounting policie8 (continued) Operating lease arrangements Operating lease rentals are charged to the Statement of Financial Activities at current rates under lease agreements. Tangible Fixed Assets Expenditure on tangible fixed assets is capitalised where it exceeds £500 or bel)Neen £400 and £500 will be considered on an asset by asset basis or if multiple are acquired. Expenditure on fixed assets not exceeding £500 for is written off in the year in which it is incurred. Depreciation is provided on all tangible assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful economic life on Ihe following bases.. Leasehold improvements are written off over the 25 year term of the lease. IT hardware is determined to have a useful economic life of three years. Furnilure and fittings are determined to have a useful economic life of 5 years. Sofiware systems and licences have a useful economic lrfe based on the length of the licence. Amortl8atlon Amortisation is calculated to write down the cost, less estimated residual value, of all assets over their expected useful lives. The rates generally applicable are.. Website development is determined to hava a useful economic lrfe of three years. 2. Charitable activities Unre8trlcted Restricted 2024 Total 2023 Total Grants and contracts Community Fridge Sustainability Education and Training Sustainability Project Management and Research Project management fees Skills 8ootcamps Kickstart funding 250 250 32,495 14.966 2,300 12,600 32,495 14,966 2,300 12,600 11,948 9.334 21,200 17.964 62.361 250 62.611 60,446 Opportunities for vocatlonal training Recruitment, Employment Services and Training Fees 412,697 412,697 460,368 Total 475,058 250 475,308 520.814 Grant income included above Central govemment Institutional 19,450 19.450 250 17,964 250 Total 19.450 250 19.700 17,964 Page 23
CHANGE AGENTS UK CHARITY Notes to the financial statements (continued) for the year ended 31 March 2024 3. Re8ources expended Unrestricted Restricted 2024 2023 C08t of raising funds Charitable aclivities Govorn- ance Foodbank Total Total Grants payable Staff costs (note 6) Staff expenses Travel and subsistence Postage and stationery Advertising and marketing Subscriptions Training Computer and software costs Miscellaneous Bank charges and similar fee: Audit and accountancy Legal and professional fees Premises Support cosls 400 441,266 352,259 293 1,937 98,273 450,532 293 3,380 51 2,516 3,013 248 1.443 2,617 115 2,523 3.112 2,007 6,936 573 1,230 5.516 4.991 6,723 9,691 2,516 2,249 764 248 28 157 572 6,016 196 691 3,270 2,519 5,188 7,182 813 1,166 1,263 5,380 5,477 6,474 11,242 2,110 2,958 1,286 4,060 Total resource exp•nded 384,323 109.833 2.110 813 497,079 487,700 4. Net (expendlture) 15ncome before tax Net (expenditure) l incorne before tax 15 gtaled after changin9'. 2024 2023 Depreciation Independent Examination fees 4,424 5,380 4,297 5. Net incomo from non-charitabl• trading activities of the subsldiary The wholly owned subsidiary, Change Agents UK Trading Ltd, which is incorporated in England and Wales (registered number 06482166), provides recruitment, training and development and employment services. The subsidiary pays all of its profits to the charity under a deed of covenant. The charity owns the entire share capital of 1 ordinary share of £1 each. The company was incorporated on 24 January .2008 and started trading on 1 April 2008. A summary of the trading results is shown below. 2024 2023 Turnover and other operating income Cost of sales and administration expenses Taxation 414,998 481,567 (384,170) (405,507) 166 31,095 75,894 (32,232) (75,188) 32,396 31,690 31,259 32,396 Grft aid donation paid Retained profits brought foThvard Retained profits carfied fopward Page 24
CHANGE AGENTS UK CHARITY Notes to the financial statements (continued) for the year ended 31 March 2024 S. Net income from non•charbtable trading aetivities of the subsidiary (continued) 2024 2023 The assets and liabilitles of the Subsidiary were: Fixed assets Current assets Current liabilities Provisions 1,204 2.608 89,212 135.660 (58,927> (105,375) (229> {496) 31,260 32,397 The second wholly owned Subsidiary Studentforce for Sustainability Ltd. which is incorporated in England and Wales (registered number 07767094), remained dormant in the current year. Therefore, no items of income. expense, assets or liabilities were included on consolidation of this entity (2023 - £Nil). The charity owns the entire share capital of 2 ordinary shares of £1 each. 6. Staff costs and numb•r8 2024 2023 Salaries and wages Trading subsidiary employment Charity staff members 231.802 180,497 260,870 140,023 412,299 400.893 Social security costs Trading subsidiary employment Charity Staff members 19,590 9.857 25,003 6,186 29,447 31,189 Pension contributions Trading subsidiary employment Charity staff members 4,349 4,437 5,560 3,624 8,786 9,184 Total 450,532 441,266 No employees received emoluments of more than £60,000 in the year (2023 - None). The average number of employees during the year by the group was 18 (2023 - 181. The average number of those who are employed on behalf of the charity was 8 (2023 - 8). The average number of those who are employed on behalf of the trading company was 10 (2023 - 10). The key management personnel of the group comprise of the Chief Executive Officer and the Finance Officer whose employee benefsts totalled £54,410 (2023 - £53,312). Page 25
CHANGE AGENTS UK CHARITY Notes to the financial statements (continued) for the year ended 31 March 2024 7. Penslon Costs The charity participates in a defined contribution pension scheme administered externally. Membership of the scheme is available to employees satisfying qualrfying conditions. Payments made to the fund are charged monthly in the financial statements. The pension cost charge amounted to £4,437 (2023 - £3.624). At Ihe year end there was £0 in unpaid contribution8 (2023 - £nil). The pension costs are allocated betrween unrestricted and restricted reseNes using the employees. lime allocation when working on the various activities of the group. Any closing liability would be attributed to the unrestricted reserves at the year end. 8. Trustees. remuneration and rèlatod party transactions No member of the Board of Trustees received any remuneration during the year. Travel costs amounting to £nil (2023.. £nil) were re-imbursed to members of the Board of Trustees. There were no other transactions which require reporting in these financial statements. 9. Taxation As a Gharty Change Agents UK Charity is exempt from tax on income and gains falh'ng within section 505 of the Taxes Act 1988 of section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charilable objects. 10. Intanglble flxed 468et8 Website Development Group Charlty Cost At 1 April 2023, and at 31 March 2024 5,157 867 Amortisation At 1 April 2023, and at 31 March 2024 5,157 867 Net book values Al 31 March 2024 Al 31 March 2023 Page 26
CHANGE AGENTS UK CHARITY Notes to the financial statements {continued) for the year ended 31 March 2024 11. Tangible fixed a88ets Group Lo08ehold Improvements Offlco and Computer Equipment Total Cost or valuatlon At 1 April 2023 Disp05als 68.061 49,315 (458) 117,376 (458> At 31 March 2024 68,061 48.857 116,918 Dapreclatlon At 1 April 2023 Charge for Ihe year On disposals At 31 March 2024 44,237 2,722 45,678 1,702 (139) 47,241 89,915 4,424 (139) 94,200 46,959 Nèt book valua8 At 31 March 2024 21.102 1,616 22,718 At 31 March 2023 23,824 3,637 27,461 Charity -Lea8ehold Improvement$ Offlce and Computer Equlpment Total Cost or valuation At 1 April 2023, and at 31 March 2024 68,061 25,117 93,178 Depreciatlon At 1 April 2023 Charge for the year At 31 March 2024 44,237 2,722 24.088 616 68,325 3,338 46,959 24,704 71,683 Net book value6 At 31 March 2024 21,102 413 21,515 At 31 March 2023 23,824 1.029 24,853 Page 27
CHANGE AGENTS UK CHARITY Notes to the financial statements {contlnued) for tho year ended 31 March 2024 12. F5xed A8set Investments Charity 2024 2023 Unlisted Investrnents in subsidiary undertakings The charity owns the entire share capitsl of tr0 ordinary shares of £1 each in StudentForce for Sustainability Ltd, which is incorporated in England and Wales. The company has been dormant since its incorporation. The charity owns the entire share capital of one ordinary share of £1 in Changg Agent8 UK Trading Limited, which is incorporated in England and Wales. 13. Dobtorn Group Charity 2023 2024 2023 2024 Trade debtors Prepayments and accrued income Amounts owed from group undertakings 16,812 25,278 18,421 2.895 5,690 14,587 31,188 1,655 28,188 42,090 21,316 51,465 29.843 14. Creditor8: amounts falllng due withln one y•ar Group Charlty 2024 2023 2024 2023 Trade creditors Other taxation and social security Accruals Deferred income Amounts due to group undertakings 2,710 23,147 7.520 15,495 3.085 21.106 8,075 53,502 270 3,831 3,765 13,895 550 3,237 3,997 796 48.872 85.768 21,763 8,582 Deferred income comprises fees invoiced in advance in respect of the provision of vocational training (subsidiary) and grants receivable (parent). The figures disclosed below are all in respect of provision of services. Group Charity At 1 April 2023 Amount released to incoming resources Amount deferred in the year At 31 March 2024 53.502 (53.502) 15,495 796 (796) 13,895 15,495 13,895 Page 28
CHANGE AGENTS UK CHARITY Notes to the flnanclal statements (continued) for the year ended 31 March 2024 16. Movement in unrestricted funds Group Transfers At 1 April between Movement in re80urces Al 31 March 2023 funds Incoming Outgoing 2024 G•noral fund8 208,304 479,057 (495,999) 191,362 Total unrestrlctod funds 208.304 479,057 (495,999) 191,362 Charity Tran8for8 At 1 April between Movement in resources At 31 March 2023 funds Incoming Outgoing 2024 General funds 175.909 193,202 {209,0051 193,202 {209,0051 160.106 160,106 Total unrestricted funds 175,909 Purpose of unrestricted funds General funds represent the balance of unrestricted funds that may be used for revenue or capital expendilure without having recourse to externally imposed restrictions. 16. Movoment in restrlcted funds. ChaTIty Transfers At 1 Aprll belween Movement in resources At 31 March 2023 funds Incoming Outgolng 2024 Community Fridge Total restrlcted funds 1,048 (813) (813) 235 1,048 235 Purposp of restricted funds Community Frfdgo The Community Fridge relates to funds received specificalty to enable the charity to h05t the Oakham Community Fridge and cover the additional costs relating thereto. Page 29
CHANGE AGENTS UK CHARITY Notes to the financial statements (contlnued) for the year ended 31 March 2024 17. Analysis of net assets between funds Group 2024 General Designated Restricted Funds Funds Funds Total Funds Tangible fixed assets Intangible fixed assets Current assets Current liabilities Provisions for liabilities and charges 22,718 22,718 216,992 {48,119) (229) 988 217,980 (753) (48,872) (229) 191,597 191,362 235 Charlty 2024 Goneral D981gnated Re8trlcted Funds Funds Funds Total Funds Tangible fixed assets Inlangible fixed assets Fixed asset investments Currents assets Current liabilities 21,515 21.515 (985) 161,339 (21.763) 988 (753> 160.586 {21.763) 180,106 235 160,341 18. Capital commitments There were no capital commitments authorised and contracted for at 31 March 2024 or 31 March 2023. 19. Contlngent Llabllltles There were no contingent liabilits'es at 31 March 2024 or 31 March 2023.. 20. Con8tltutlon The charitable company is limited by guarantee with no share capitsl. There were 10 members at 31 March 2024 (2023- 11), 21. Related party transactions The Charty has taken advantage of the exemption in Financial Reporting Standard 102 Section 33.1A from the requirement to disclose transactions with group companies on Ihè grounds that they are wholly owned subsidiaries. There were no related paty transactions during this ye.ar. 22. Controlling Party The charity is controlled by the Board of Trustees and no one trustée has or exerts overall control. Page 30
CHANGE AGENTS UK CHARITY Notes to the financial statements (continued) for the year ended 31 March 2024 Pages 32 to 33 also form part of these financial statements 8nd show the 2023 financial statements comparative figures. Page 31
CHANGE AGENTS UK CHARITY Notes to the financial statements (continued) for the year endéd 31 March 2024 23. Fund Comparatives Charftable a¢tlvities 2023 Total Unrnstricted R•stricted Grants and contracts Sust8inability Education and Training Sustainability Project Man8gement and Research Project management fees 'ckstart funding 11,948 9,334 21,200 17.964 11,948 9,334 21,200 17,964 60,446 60.446 Opportunitles for vocational tralnlng Recniitmont, Employment ServKes and Training Fees Total 460,368 460,368 520,814 520,814 Resources expended Unrnstrlcted Restricted 2023 Cost ol generatlnq Charltablo Incom• actlvltl Govgrnanc• Foodbank Total Grants payable Staff costs (note 6) Staff expenses Travel and subsistence Postage and stationery Advertising and martreting SubsGriPtions Training Comput8r and software costs Miscellaneous Bank charges and similar lees Audit and accountancy Legal and professional fees Premises Support costs 400 66, 703 400 441,266 374,563 1,239 110 2,523 2,719 701 6.620 187 571 2,910 2,843 5, 131 5,797 1,378 2,617 115 2, 523 3,112 2,007 6,936 573 1,230 5,516 4,991 .6,723 9,691 393 1,306 316 371 659 15 2, 606 2, 148 1,592 3.894 Total rnsource expended 405,914 79,165 2, 606 15 487, 700 Page 32
CHANGE AGENTS UK CHARITY Notes to the financial statements (continued) for the year ended 31 March 2024 23. Fund Comparatives (continued) Alovement In unrestrlcted funds Gmup Transfers At31 At 1 April between Movement in resources March 2022 funds Incoming Outgoing 2023 General fund8 169,581 169,581 526, 574 {487,851) 208, 304 526. 574 487,851 208,304 Total unrestricted funds Charfty Transfors At 1 April between Movement In re8our¢e8 2022 fund8 Incoming Outgoing At31 March 2023 General funds 137,891 137,897 203,324 (165,306) 175, 909 165,306 203,324 175,909 Total unrestrfcted fund8 Movement In restrfcted funds Charlty Transfern At 1 April between Movemènt in resource8 2022 funds Incomlng Outgolng At31 March 2023 Community Fridge Total re8trf¢ted funds 15 (15) 15 Analysis olnet assets between fund$ Group General Dosignatad Restrieted Funds Funds Funds Total Funds Tangible lixed assets Int8ngibl8 fixed 8ssets Fixed asset investments Currenl assels Current liabilities Provisions for liabilities and charges 27,461 27,461 267,107 (85, 768) (496) 208,304 267, 107 (85, 768) (496) 208, 304 Charity General Designated Restricted Funds Funds Funds Total Funds Tangible fixed assets Intangible fixed assets Fixed asset investments Currents assets Current liabilities 24, 853 24,853 159.635 (8. 582) 159. 635 (8, 582) 175,909 175, 909 Page 33