Company Registered No. 05735047
Charity Registered No. 1117008
CHANGING IDEAS LIMITED
TRUSTEES, REpoKf AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

CHANGING IDEAS UMITED
(A COMPANY LIMITED BY GUARApifEE)
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Charity Informatlon
Report of the Trustees
Report of the Independent Examiner
Statement of Flnancial Actlvities
Balance Sheet
Statement of Cash Flows
Notes to the Financial Statements
9-15

CHANGING IDEAS LIMITED
CHARITY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES:
M T J Eatough
D L Graham
JETait
COMPANY SECRETARY:
D LGraham
REGISTERED OFFICE:
11 Clarendon Gardens
London
W9 IAY
REGISTERED COMPANY NUMBER:
05735047 (England and Wales)
REGISTERED CHARITY NUMBER:
1117008
BANKERS:
Coutts & Co
440 Strand
London
WC2R OQS
INDEPENDENT EXAMINER:
Marcus Crldland B.A.IHonsl F.C.A.
Scott Vevers Ltd.
Chartered Accountants
and Registered Auditors
65 East Street
Bridport
Dorset
DT6 3LB

CHANGING IDEA5 LIMITED
REPORT OF THE TRUSTEE5
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees and Directors present their report together with the financial statements of the Charlty
for the year ended 31 March 2024.
The financial statements have been prepared In accordance with the accountlng pollcies set out in
note 2 to the flnancial statements and comply wlth 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
Financlal Reporting Standard applicable In the UK and Republic of I reland IFRS 1021.
OBJEcfivES AND ACTIVITIES
Objectives and aims
The charlty's objects are to benefit charitable bodles at the dlscretion of the Trustees.
In setting objectives and planning for activities, the Trustees have glven due consideration to general
guidance publlshed by the Charlty Commlssion relating to publlc beneflt, Includlng the guidance 'Publlc
benefit: runnlng a charlty IPB21'.
Accordlngly, the Charlty operates for the public benefit. The Trustees have complled wlth thelr duty
under section 17151 of the Charities Act 2011 to have due regard to public benefit guidance published
by the Charity Commission.
STRATEGIC REPORT
Achlevement and performance
Charltable actlvltles
The charity makes donatlons annually to a wlde range of charlties and charltable causes that address
social Injustlce and human rights and Impatt the Ilves of the most vulnerable wSthln society.
During the year the charity made 35 distributions totalllng £351,592 {2023: £345,287).
FINANCIAL REVIEW
Financlal posltlon
Going Concern
The Charity has minimal fixed costs, with the main source of expenditure being grants made at the
dlscretlon of the Trustees. Furthermore, the Charity had a healthy cash balance at the year end. The
Trustees therefore consider that based on the circumstances existing at the date of signature of the
accounts the operations of the charity are not likelyto be affected in a material manner by the current
economic or political environment.
Reserves
At the year end, the charity held £2,170,98012023: £2,283,623) In reserves, of which £1,899,049
12023.. £1,636,210) are unrestricted reserves and £271,93112023: £647,413) restrlcted.
The Trustees aim to keep sufficient reserves to generate Investment returns to fund the charlty's
objectives. These are at least to hold and preferably to grow the overall level of grants made, while
pursuing the secondary flnancial objective of malntainlng the real value of the endowment overtime.

CHANGING IDEAS UMtTED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Investment policy and performance
The charity holds £844,81512023: £1,318,483) of Investments at the year end.
The Trustees have developed a framework for investing the charlty'S assets which reflects the Trustees,
values in terms of soclal and environmental Impact and avoiding negative harms.
Other funds of the charlty are held on deposit and spread between deposit takers to mlnlmlse
counterparty risk.
STRu￿URE, GOVERNANCE AND MANAGEMENr
Governing document
The charity is governed by its Memorandum and Articles of Association as a Ilmlted company limited
by guarantee as defined by the Companies Act 2006
Trustees
New Trustee5 are appolnted by the existing Trustees when considered approprlate and given tralning
a5 necessary,
Risk management
The Trustees have examlned the major strateglc, buslness, and operatlonal rlsks whlch the charity
faces and conflrm that systems are in place to protect the charity's a55ets.
Plans for future perlods
The charlty hopes to continue to receive donatlons and make grants to other bodies for charitable
purposes forthe foreseeable future.
Statement of Trustees, responsibi1Stles
The Trustee5, who are also the directors of Chan8ln8 Ideas Llmited for the purpose of company law,
are responslble for preparing the Trustees, Report and the financlal statements In accordance wlth
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accountln8 Practlce).
Company Law requlres the Trustees to prepare financial statements for each financlal yearwhich give
true and fair view of the state of affairs of the charlty and of the incoming resources and applicatSon
of resources, including the Income and expenditure, of the charitable company for that year.
In preparing these financlal statements, the Trustees are requlred to:
Select sultable accounting policies and then apply them consistentlv.
observe the methods and principles in the Charities SORP.
make Judgements and estimates that are reasonable and prudent.
state whether appllcable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements; and
prepare the financial statements on the golng concern basis unless It is inappropriate to
presume that the charity will contlnue In operation.
The Trustees are responsible for keeping adequate accounting record5 that disclose with reasonable
accuracy at any time the financial positlon of the charity and enable them to ensure that the flnancial
statement5 comply with the Companies Act 2006. They are also responsible for safeguardingthe assets
of the charity and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.

CHANGING IDEAS LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
In preparing this report, the Trustees have taken advantage of the small companies exemptions
provided by sectlon 415A of the Companies Act 2006.
On behalf of the board:
Date:

REPORT OF THE INDEPENDEKf EXAMINER
TO THE TRusfEES OF CHANGING IDEAS LIMrrED
I report to the charltyTrustees on my examinatlon of the accounts of the company forthe yearended
31 March 2024. which are set out on pages 6 to 15.
Responslbilities and basis of report
As the charity Trustees of the company land also its dlrectors for the purposes of company law) you
are responsible for the preparation of the accounts in accordance with the requlrements of the
Companles Act 2006 ('the 2006 Act'l.
Having satisfled myself thatthe accounts of the company are not required to be audited under Part 16
of the 2006 Act and are ell8lble for independent examlnation, I report in respect of my examlnatlon of
your companws accounts as carrled out under section 145 of the Charities Act 2011 {'the 2011 Ace).
In carrylng out my examlnatlon I have followed the Dlrections given bythe Charity Commlssion under
sectlon 145{51 Ib) of the 2011 Act.
Independent examlnerfs statement
I have completed my examination. I conflrm that no matters have come to my attention In connection
with the examinatlon giving me cause to belleve that in any material respect:
Accountlng records were not kept in respect of the company as required by sectlon 386 of the
2006 Act; or
The accounts do not accord with those records; or
3. The accounts do not comply wlth the accountln8 requlrements of sectlon 396 of the 2006 Act
other than any requlrement that the accounts 8lve a 'true and falr vlew, whlch Is not a matter
considered as part of an Independent examlnatlon; or
4. The accounts have not been prepared in accordance with the methods and prlnclples of the
Statement of Recommended Practice for accounting and reporting by charitles lapplicable to
charities preparlng their accounts in accordance with the Financial Reporting Standard appllcable
In the UK and Republic of Ireland IFRS 10211.
I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to
whlch attention should be drawn In th15 report in order to enable a proper understandlng of the
accounts to be reached.
Marcus Crldland B.A.(Hon5) F.C.A.
Scott Vevers Ltd.
Chartered Accountants and Reglstered Auditors
65 East Street
Brldport
Dorset
DT6 3LB

CHANGING IDEAS LIMITED
STATEMENT OF FINANCIAL AcfiviTIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Total
Total
2024
2023
Unrestricted
Restrlcted
Note
Income and Endowments from:
Donations and legacies
Investments
253,750
54,035
253,750
54,035
647,500
50,175
Total income and endowments
307,785
307,785
697,675
Expendlture on..
Charitable activities
89,917
375,482
465,399
382,427
Total expendlture
89,917
375,482
465,399
382,427
Net galnsl {losses} on Investments
44,971
44,971
{54,222)
Net Income/ (expendlture)
262,839
1375,4821
{112,643)
261,026
Transfers between funds
li
Net movement In funds
262,839
(375,482)
1112,6431
261,026
Reconclliatlon of funds:
Total funds brought forward
1,636,210
647,413
2,283,623
2,022,597
Total funds carrled forward
1,899,049
271,931
2,170,980
2,283,623
All income and expenditure derlve from continuing actlvltles.
The statement of flnancial actlvitles Includes all galns and losses recognlsed during the year.
The notes on page5 9 to 15 form part of these financial statements.

CHANGING IDEAS LIMITED
BALANCE SHEET AS AT 31 MARCH 2024
Total
2024
Total
2023
(Reglstratlon number: 057350471
Note
Fixed assets
Investments
844,815
1,318,483
844,815
1,318,483
Current assets
Debtors
Cash at bank and in hand
25,024
1,303,816
9,591
958,162
1,328,840
967,753
Credltors: amounts falllng due wlthln one year
io
{2,6751
12,6131
Net current assets
1,326,165
965,140
Net assets
2,170,980
2,283.623
Charfty Funds
Restricted funds
Unrestricted funds
li
li
271,931
1,899,049
647,413
1,636,210
Total charlty funds
2,170,980
2,283,623
The company Is entitled to exemptlon from audit under Section 477 of the Companles Act 2006 for the year
ended 31 March 2024.
The members have not requlred the company to obtain an audlt of Its financial statements for the year ended
31 March 2024 in accordance with Sectlon 476 of the Companles Act 2006.
The directors acknowledge thelr responslblllties for:
ensuring that the charitable company keeps accountlng records that comply wlth Sectlons 386 and 387 of the
Companies Act 2006 and;
preparing financlal statements whlch give a true and fair vlew of the state of affalrs of the charltable company
as at the end of each financial year and of its surplus or deficlt for each financial year in accordance with the
requirements of Section5 394 and 395 and which otherwise comply with the requirements of the Companies Act
2006 to flnancial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees on
on its behalf by:
and slgned
ra
- Trustee
The notes on pages 9 to 15 form part of these financial statement5.

CHANGING IDEA5 LIMITED
STATEMENT OF CASH FLOWS
YEAR ENDED 31 MARCH 2024
Total
2024
Total
2023
Note
Cash flow from operating artlvltles
13
1227,0201
1,085,212
Cash flow from Investlng activitles
Payments to acquire Investments
Receipts from sale of investments
Investment income received
{551,3611 11.039,654}
1,070,000
54,035
50,175
Net cash flow from Investing actlvltles
572,674
(989,4791
Net Increase / (decrease) In cash and cash equlvalents
345,654
95,733
Cash and cash equlvalents at l Aprll 2023
958,162
862,429
Cash and cash equlvalents at 31 March 2024
1,303,816
958,162
The notes on pages 9 to 15 form part of these financlal statements.

CHANGING IDEAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Charity statu5
Changing Ideas Limited is a company, limited by guarantee, incorporated in England and Wales under
the Companies Act 2006 and Charities Act 2011. The address of the registered office is provided in
Reference and administrative details. Details of the charity's operations are provided in the Trustees,
Report.
Accountlng pollcles
Summary of sl8nlficant accounting pollcles and key accountlng estlmates
The significant accounting pollcles applied in the preparatlon of these financlal statements are set
out below. These policies have been conslstently applied to all years presented unless otherwise
stated.
Statement of compllance
The financial statements have been prepared In accordance wlth Accounting and Reportlng by
Charities: Statement of Recommended Practlce applicable to charltles preparing thelr accounts In
accordance wlth the Financial Reporting Standard applicable In the UK and Republlc of Ireland issued
In October 2019, the Financial Reportlng Standard applicable in the United Kingdom and Republic of
Ireland IFRS 1021, the Charltles Act 2011 and the Companles Act 2006.
Basls of preparatlon
The charlty constitutes a public benefit entity as deflned by FRS 102. Assets and liabilities are inltially
recognised at hi5torlcal cost or transactlon value unless otherwise stated In the relevant accountln8
pollcy notes.
Accountlng conventlon
The flnancial statements have been prepared on a going concern basls as the trustees belleve that no
material uncertalntles exlst. The trustees have considered the level of funds held and the expected
level of Income and expenditure for 12 months from authorlslng these financlal statements.
Funds
Unrestrlcted funds are avallable for use at the discretion of the trustees in furtherance of the general
objectlves of the charity and whlch have not been designated for other purposes,
Restricted funds are funds whlch are to be used In accordance wlth specific restrlctlons imposed bv
donors or which have been raised by the charity for particular purposes. The cost of raising and
administering such funds are charged agalnst the specific fund, The alm and use of each restricted
fund is set out in the notes to the financlal statements.
Income
All incoming resources are Included in the Statement of Financial Activities {SoFA} when the charity Is
legally entitled to the income after any performance conditions have been met, the amount can be
measured reliably and it Is probable that the Income will be recelved.
Expenditure
All expenditure is accounted for on an accruals basis. Expenditure is recognised where there is
legal or constructive obligatlon to make payments to thlrd parties, it is probable that the settlement
wlll be required and the amount of the obligation can be measured rellably. Expenditure is
accounted for on an accruals basis and has been classified under headlngs that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have
been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as
commitment but not accrued as expenditure.

CHANGING IDEAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
Investments
Investments are recogni5ed initially at falr value whlch is normally the transaction price excluding
transaction costs. Subsequently, they are measured at fair value, wlth all reallsed and unrealised
gains passing through the SOFA.
Debtors and credltors recelvable I payable wlthin one year
Debtors and creditors with no stated Interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arlsing from Impalrment are recognised in expenditure.
Cash at bank and In hand
Cash at bank and cash In hand includes cash and short term hlghly Ilquld investments with a short
maturity of three months or less, from the date of acquisitlon or openlng of the deposlt or slmilar
account.
Taxatlon
The charlty Is exempt from corporatlon tax on Its charitable actlvltles.
Flnanclal Instruments
Classification
Flnanclal assets and financial Ilabllltles are recognlsed when the charity becomes a party to the
contractual provisions of the instrument.
Flnanclal Ilabllities and equity Instruments are classlfied accordlng to the substance of the contractual
arrangement entered Into. An equlty instrument Is any contract that evldences a resldual Interest In
the assets of the charlty after deducting all of its Ilabilities.
Recognltion and measurement
All flnancial assets and Ilabillties are Initlally measured at transactlon prlce Ilncludin8 transaction
costs), except for those flnanclal assets classified as at fair value through proflt or loss, which are
Initially measured at falr value (which is normally the transaction prlce excludlng transaction costs),
unless the arrangement constitutes a financing transactlons. If an arrangement constltutes a
flnancing transactlon, the financlal asset or flnancial liability Is measured at the present value of the
future payments discounted at a market rate of Interest for slmilar debt Instruments.
Financlal assets and Ilabilitles are only offset In the statement of financlal positlon when, and only
when there exists a legally enforceable right to set off the recognlsed amounts and the charitv
Intends elther to settle on a net basis, or to realise the asset and settle the liabillty slmultaneously,
Financlal assets are derecognised when and only when al the contractual rlghts to the cash flows
from the financial asset expire or are settled, b) the charlty transfers to another party substantially all
of the risks and rewards of ownership of the financial asset, or c) the charlty, despite having retained
some, but not all, significant rlsks and rewards of ownership, has transferred control of the asset to
another party.
Flnancial liabilities are derecognlsed only when the obligation speclfled Sn the contract is discharged,
cancelled or expires.
io

CHANGING IDEAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Donations and legacies
Unrestricted
funds
Restrfcted
funds
Total
2024
Total
2023
Donations and glfts
253,750
253,750
647,500
253,750
253,750
647,500
Investment Income
Unrestricted
funds
Restrlcted
funds
Total
2024
Total
2023
Divldends and Interest
Interest on cash deposits
459
53,576
459
53,576
966
49,209
54,035
54,035
50,175
Expendlture on charltable actlvltles
Unrestrlcted
funds
Restrlcted
funds
Total
2024
Total
2023
Direct costs
Support costs
Governance costs
40,610
45,887
3,420
310,982
64,500
351,592
110,387
3,420
345,287
35,940
1,200
89,917
375,482
465,399
382,427
Unrestrlcted
funds
Restrlcted
funds
Total
2024
Total
2023
Dlrect costs:
Grants payable
40,610
310,982
351,592
345,287
40,610
310,982
351,592
345,287
ort Costs:
Consultancy
Sundry
Portfolio and bank charges
Conference
PR and marketing
IT and website
Legal fees
33,240
922
3,471
900
3,242
2,214
1,898
64,500
97,740
922
3,471
900
3,242
2,214
1,898
30,000
130
3,068
2,542
200
45,887
64,500
110,387
35,940
Governance costs:
Independent examination fee
3,420
3,420
1,200
3,420
3,420
1,200
li

CHANGING IDEAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Net income / (expendlture) for the year
Net income / (expenditure) is stated after charging / Icreditingl:
2024
2023
(Profit) /105s on disposal of investments
(Profit) / loss on fair value movement of investments
Independent examinatlon fee
130,3451
114,626)
3,420
54,222
1.200
Trustees, remuneratlon and expenses
There were no trustee'5 remuneratlon, benefits or expenses for the year ended 31 March 2024 nor
for the year ended 31 March 2023.
Investments
2024
2023
Falr value at l April 2023
Additions
Disposals
Realised gains/llossesl on dlsposal
Unrealised gains/llosses} on revaluation
Fair value at 31 March 2024
1,318,483
551,361
11,070,000)
30,345
14,626
333,051
1,039,654
154,222}
844,815
1,318,483
Held in Equities
Held In Treasury Bonds and Gllts
289,998
554,817
278,829
1,039,654
844,815
1,318,483
Cost at 31 March 2024
950,347
1,438,640
The share portfollo was valued by Griffins Financial Solutions based on the market price at 31 March
2024.
Debtors
2024
2023
Prepayments and accrued income
25,024
9,591
25,024
9,591
io
Creditors: amounts falling due wlthln one year
2024
2023
Accrued expenses
Other creditors
2,143
532
2,587
26
2,675
2,613
12

CHANGING IDEAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
li
Funds reconciliation
Unrestricted funds
Balance at
01.04.2023
Gains /
Balance at
105ses 31.03.2024
Income Expenditure
Transfers
Restricted funds
Special
purposes
fund
647,413
1375,4821
271,931
647,413
1375,4821
271,931
Unrestricted funds
General fund
1,636,210
307.785
189,917)
189,9171
44,971
1,899,049
1,636,210
307,785
44,971
1,899,049
Total funds
2,283,623
307,785
1465,3991
44,971
2,170,980
Balonce ot
01.04.2022
Golns / Balance at
losse5 31.03.2023
Income Expendlture
Tronsftrs
Restrlctedlund5
Special
purposes
fund
890.000
(242,587)
647,413
890,000
(242,587)
647,413
Unrestrlctedfunds
Generalfund 1,132,597
1,132,597
697,675
(139,840)
(139,840)
(54,222)
(54,222)
1,636,210
697,675
1,636,210
Totalfunds
2,022,597
697,675
(382,427)
(54,222) 2,283,623

CHANGING IDEA5 LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
12
Analysis of net assets between funds
Unrestricted Restricted
2024
2024
Total
2024
Flxed assets
Cash and current Investments
Other current assets / Ilablllties
844,815
1,031,885
22,349
844,815
1,303,816
22,349
271,931
1,899,049
271,931
2,170,980
Unrestrlrted Restrlrted
2023
2023
Totol
2023
Fixed assets
Cash and current Investments
Other current assets /liabilitles
1,318,483
310, 749
6,978
1,318.483
958,162
6,978
647,413
1,636,210
647,413
2,283, 623
13
Reconclllation of net Income to net cash flow from operatlng actlvltles
2024
2023
Net Income for the year
1112,643)
261,026
Investment Income receivable
(Galnsl / losses on investments
(Profit) / loss on disposal of fixed asset Investments
Ilncreasel / decrease In debtors
Increase I Idecreasel In credltors
Net cash flow from operatlng activltles
154,035)
114,626)
130,345}
115,433)
62
150,1751
54,222
818,739
1,400
{227,020} 1,085,212
14

CHANGING IDEAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
14
Flnancial instruments
The carrying amounts of the charity's financlal Instruments measured at fair value through net
income / expenditure are as follows:
2024
2023
Financlal asset5
Measured at falr value through net income / expenditure:
Fixed asset Investments
Measured at amortised cost
Debt Instruments
844,815
1,318,483
1,303,816
958,162
2,148,631
2,276,645
Financial liabilities
Measured at amortlsed cost
2,675
2,613
The income, expenses, net galns and net losses attributable the charity's financial instruments are
summarised as follows:
Income and expense
Financial assets measured at falr value through net income l expenditure
Financial assets, that are debt instruments, measured at amortised cost
459
53,576
966
49,209
Net 8ains and losses
Flnanclal assets measured at falr value through net income l expendlture
44,971
(54,2221
15
Related party transacttons
At 31 March 2024 there was a loan from D L Graham, a dlrector, of £53212023: £26).
15