Charfty r•gl$trallon numb•r 1142874 Comp4ny r•gi¥tration numb•r 07568122 (England and Wale¥l SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION Tru8t••8 Mr Chlayuan Wu Ms Slephanie RobertS(Yb Ms Joanne Nichdson Ms Sara Olson Ms Catherine Mannlng Ms Chun Chun Ada Yip Mr Davide Dal Maso Ms Isabelle Par8sram Mr Benjamin Jardine Dr Gon¢a Ongan (Appointed 4 October 2023 (Appointed 7 Febfuary 20241 IAppointe(17 Fobruary 20241 S•crntary Mr Ben CarFenler Charlty numb•r 1142874 Company numb•f 07568122 R•gl•t•r•d offlc• LCVS Building 151 Dale Str881 Livgrpcol L2 2AH Ind•p•nd•nt •x•mln•r An￿8 C Mason BAIHonsl BFP FCA Mitchell Char16SWOrth Limlled Svlles C. D, E & F 14th Floor, The P18Z8 100 Old Hall Slfg01 England L3 9QJ Bankgrn NatK)nal Weslminlsler Bank plc Charing Cross Branch PO Box 113 Cavell House 2A Charing Cross Rood London WC2H OPD SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE CONTENTS Pa Trustfjes. report Slalemenl ol Iruslees, ￿$F#￿sibIlI￿99 Independent eXamIne￿S report 10 Sl8tomenl oi nn8ndal actlvllbg$ Balance sh861 12 Notes lo the accounts 13-21 SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 Thè Irusleès present Ihelr annLbal report and financial slalemenls for the year ended 30 June 2024. The financial stalemonts have been preparad in accordance with the accountjng Frt)liaes set oul in note 1 lo the fi'nancial statements and comply with the charity's Memorondum and Articles of Association. the Companies Act 2006 and -Accounling and Reporting by Charities". Sialemenl of Recommended Practice applicable lo charitTres preparlng their accounls in accordance wlth Ihe Financial Roporting Slandacd applicable in the UK and R8public of Ireland IFRS 1021. las amended lor accounting poriods Commencing Irom 1 January 20191. Obl•ctlv•* and adlvltl•• About So¢lal Value InternatSonal Thè obiects of the Chanty arè the advAnc&ment of 8dUcAt￿n and Ihe promots'on of the eff8ctivengss and off￿aCY ol charities, in particular Ibul not exdusivelyl by supporting research and best practice into soryal impact analysis 8nd di880min8tsng ltte u8elul re$u118 ther901, Background On 3 September 2014 a Collaboral￿n Agreemenl b8ts¥een the boar(Is of directors ol SIAA and The SROI Netwo￿ Limiled la company regislered in Scotland SC3C220571 was signed. The Collaborallon Agreemenl outlined that belween 3 Septem￿r 2014 and lh8 AGM17 July 20151 SIAA and The SROI Nel¥w)￿ Llmiled would m8rge their iniemational aclivili88 to fom Sc¢i81 Value Inlem8lk)nal. Legally SIAA became S¢xial Value Inlemalion81110 Seplemtr*r 20141 and The SROI Nefv4ork Limited became Social ValLJe Network UK118 February 20151, one of Sodal V8lue Internat￿81.9 affiliated con81iluled N81ional Mgmber Networks. Vl•lon A world where de¢ls40n maklng. ways ol working and resource allocalion are based on Ihe Princi￿85 of accounting lof value le8ding to incre8sed equality and well-being and reduced environment81 degrad8ts'0n. Ml88lon To change the way sodèty 8ctsJunls for value through prlnclpl8s, practlce, people and pow8T." 1. Prlnclpl••.' Our princi￿e5 will lead to the inclusion of social, environmen181 and economic value in derA5itin m8king. 2. Peopl•.' We w511 bulld and support a nthork of like-mind8d indlviduals who w8nt to %Mirk wlth us lo pul thè86 principles into practs"ce, 3. Prnctlc•'. We wll develop guidance, tts)15, and support to help pul the princi￿e5 into pr8clice. 4. Powèr: By connecllng th688 IndSvi¢Ju818 and supporting Ihtslr 1é8mlng, gr¢)Wth and Influonc6 we WOII bulld a movement lo change the way 50ciely accounts for value. SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT ICONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 The Prlnclplès of Socl•l Valu• We believe Ihal beller decision making. thai lakès accounl of the social and environmanlal value that arises from organisalions. aclivilie$ and thangès in msource fl¢y•VS, will only be possible - al scak* - if the way In thich that value is accounted for is.. . flexible enough lo recognS8e drflerenl sources of value In (Jifferenl conlexl8,' an * consisienl enough lo still allow declsions lo be made that alm lo increase social value. As a result we 8UPPOrt an approach lo aco)unliro for v8lu8 that 15 bas6d ￿ The Principles of Sorjal Value. Prfndplas prowda tho bask building Nocks for anyonè who wants lo make dècislons that take a wk1er definilbn of v8lue inio account, in order lo incre8se equality, improve wellbelng and Increase environmentsl 8uslain8bilily. Thèy art g6nerally accèpted a¢eounling prinuples. The Principl?8: 1. Involve stakehold•r• - Inform what gets mo88ur￿ and how this is maasured and valu6d in an scL￿nI of social value by involving stakeholders. 2. Und•rnt•nd what ch•ng•• - Articulate how change Is cr6aled and 8valu818 this through evldenee galh8r8d, recognising positlve and negalivts changes as well as th058 thal arb Intended and uninlended. 3. Valu• tho thlng• that matt•r- Maklng decisions about allocating resources b8tween different options needs lo fecogni5e the values ol stakeholder5. Value relers to lh8 relative importance ol diffeionl outcomes. 11 is Inlomed by stskeholders. prefèrencas. 4. Onty Snclud• what li mat•rf•l - Dètermln8 what inforrnallon and evldeneè musl be Induded In thè •c¢))un18 lo glve a true and fair plclure. Such thal stskeh(Ad8rs can draw reasonable concluslons about Impact. S. Do not ov•r.clalrn- Only claim the value that 8etivities are responsible lor Creating. 6. 8• tranipar•nt- Demonglraiè Ihè basls on which lh6 an8ly$l8 may bé conyi¢Jèred aceurèl8 and honèst. 8rKI show thal11 wlll be reported lo dlscus$6d with stakeholder8. 7. V•rlfy th• r••ult- Ensure appropriate independent assurance. 8. B• r••ponslv• Réspond lo mè8suremenl by maklrKJ decis￿n9 to ¢)pkn'mlsè impaels on ￿lIbeIng f¢X 811 mal8rially èffected 818keholders SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT ICONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 Thèory of Chang• Sou81 Value Inlemaiional aims lo achi8v8 its charllablè objèets as a mèmb8rshlp t￿dY and noiwork. While Social Value Inlernalional'5 forJJ5 Is i)n 5UPPOrting Eocial impact analys15 and practitioner5 as a communty of people, the network also suppyjrts a wider group of Professionals involved in this space. In￿¥xl￿5 SOCIAL ALUE IWTIRNATZO•IAL SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT ICONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 Achl•v•m•nts and porfomi*nc• 1. Strat•gy d•v•lopm•nt and fundraising lor Social Valu• Int•mational Swal Value InlematK)nal has been working lo devebp its Slralegy and explore new sources of funding Icy tho organlsation. H•adlin• •¢hi•v•m•nt• Membership and Nefvlorks Members in 50 different Countries. Annual membership Incomo for 2023.24 was £21,522 Over 50 dirgcl organisats'onal mombers, approximately 130 direct individuals Combined wilh th8 m8mbers ol SVI'S affilialed nelworks (known as Joint Memb9r Nghyorksl Ihero is a nehyork of approximately 2,OC¥J people Dfjvgloplng SVI Slandard$.' dgveloplng best pr8¢tlce applicalw olprin¢iploS Publish8d an updalod SVI Glossary hefe in October 2023 meth￿oI09Y Sub-committee developed 'bgs1 practice standards, lor all princi￿eS Including a ngw Standard for Principl8 6 'Be Transparanl" and Principle 7 "Verity tho result" Continued lo review the 'Report Assurance Standard, Continued lo develop and promole the SVI Proles$iong1 Pathwo delivered by 10 Joinl Member Notwork$ Increased Ihe number of ￿Ople on the prolessional pathway from 250450 SVI Convened people on tho profession81 pathway lo creale 8 space lor lechni¢al Issws lo be shared and discussed. Tho Lovel 1 $talu$ Is now bgir Campaigning and thought leadership.. inspiring change and shifting power SVI coordinalod a series ol webinars to show case best practice case studios ol the Pdndples of Social Value and a sedes of 'maslerdas8•s' on each of the Prtnclpl8s. The￿ are all made available lof members only. SVI curated a series of case sludies th8t can be lound SVI havè continued lo shape thg mov8ment by lèading responses lo public consuliallons regarding other impacl and sustainability siandards such as from the Internalionol Foundotion for Valuing Impa¢ts IIFVII and Ihg Value Commission. See more hore. SVI continue to engage with the important publlc consvll81ion# in non-financial reportlng wilh the Intemational Sustainability Slandards Board IISSBI and International Auditing and Assurance Standards 8oard. All ol these responses can be found on the campaign page.. rmA SVI have Wfillen exlensivoly on Ihe concept ol materiality and this thought leadership can be found here. Convgfgenc• and collat¥)r81ion with other stsnd8rd sotler8.' fomiing partngrships to ochlev• our go8ls SVI continued a partnership with the Uniled Nations Devglopmenl Programme IUNDPI lo deliver a Irain the trainer program. During the year we collaborated on 8 train the trainer cohorts and have acuediled ovèr 70 trainèrs from 30 different countries. SVI formed a relab'onship IFVI that includes partirypaling in their valuat￿ Technical & Pracliiiongr Commillgfj IWPCI Collaboration with C8Pltals Coalillon conllnues with SVI sittrng on Ihelr advS80ry panel and v8r4ous SVI representslives participating In the Value Commlsslon. Contributed lo the Impad Management Plaffomi's outputs. See b2to. Projgct work: Contracted by the United Nations Oevelopmenl Program lo develop a trainir@ course for Assurance Providers anij conduct pilot assurance engagements. Funding was received lo lead a project lo research and evolve the legal requlremenl for company directors to pr(Kluce accounts that are true and fair. This involved commissioning a new legal opinion and working vAth business n8￿rks, lawyers and accountancy professionals lo exploce the issue fvrther. More inl(ymalion found here. SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT ICONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 2. Support lor •xlstlng and •m•rgSng NatSon*l M•mbor N•twork8. The developrnenl of an affiliation model has enabled Social Value International lo articulate a shift i strategy from focu5ifbg primarily on delivering international membership to supporting the development ol National Networks. H•adlln• a¢hlèvomont# Tho Membership and Nelworks Manager facililales monthly meelSngs and email upda168 to coordirhalor5 of National Networks and develops partnership5 with new and existing Nelworks. Supporting all netWOTks lo promote the delivery ol Social Value and SROI two-day praclilioner training. 85surance and 8ccreditalbn of pr8cltlloners kn(Mn as the 'SVI Prole55ional Pathway.. Implemented the 'Blueprlni for collaborab"on' which updates and artlcu181es the 88Thices in networks can eLJllaborai8 on and the comm6rclal term8. Flnanclal r•vlew Total Incomg lor ihe year •mounlgd lo £456,889 12023.. £253.8971 thi¥ includes memb8r¥hip income ol £21,251 12023.. £18.8851. Total expenditure amounted to £415.445 12023.. £240,610). Overall, Ihis ha5 result8d in a surplus for the year of £41,44412023.' surplu5 of £13,2871 and unrestricted fvnds of £131.815 available al the year.end12023.. É90,3711. R•urv•• poll Reserves are requSred lo allow for 8ny fundlng gaps th81 may arise because of differenl timing of income 8nd expenditure 8cr08s the lin8ncial per4od and lo cover unpredicted lulure exwndiluro, and lo allow for posslble &mergency expenses. The charlty Is I￿lding £131,815 In unreslricled reseryes whS¢h18 sUffi￿ent cover future liabilities. Rl#k m*nag•m•nt The Trustees have a (Juty lo klentify 8nd review the risks lo which thè charity is exw)5ed and lo ensure 8ppropnale eonlrols are in place to provide reasonable 8ssur8nc8 against Ir8ud and error Envlronmonl•l Imp• As a rosult of our commitsnent lo sustainabl8 development. tho Iruslees have agre8d to make the fdlowing ¢ommilment'. SVI A￿8p1 respon&bility to pay for the so¢i81 wnsgqugncgs of usg ol carl)on undgr swpg 7,2 and 3 fmm July 1st 2023. Taking responsitslity means Ireating cathon as a 'cost ol dolng busingss. and Iho value of these cosls will be paid to another organftsation that is w0￿1ng to addmss the social costs ol Cart￿n. This commilmenl and the subsequent paymenl is a way of inlernali$ing the swal cos1$ ol carbon lolten relgrreé to as an 'extemality'l. Treating cart)on as a cost of dolng business ensures thal we measure and manage this expanditure like all other operating Costs. The payment has not yet been mado and so tho amount is treated as a liability in thgsa accounts. SVl'$ conlribulion ¢0 Other sustainabllity issues ho$ not been included this year but wll be included in luture yea reporting. SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT ICONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 Plans for th• lutur• Our plans lor the nexl year loKus on developing people and practi￿ by gro%￿￿9 and supp￿ting Inlèm8lbn81 nelworks as eithér affiliates or as nats.onal mèmbers includlng.. Delivering train the trainer courses lo expand and diversify the group of SVI accrediled trainers Developing more training opportunrties for SVI accredrted trainer5 Implementing the new 'Blueprini lor collabJr8tion' to support SVI networks grow vi8￿8 business models including licen￿ng ol SVI assuran￿ and accreditation services Conlinue the slrong collaboration with partners such as UNDP and Capitals Co8lilhM lo advanee our shared objecllve$ Eslablishing strategic partnerships wlth other 8t8ndard sellers and insliluts'ons that sham our Mis￿on Developing the practitioner palhway further to provide more opportunities for rnember5 to be 'recognised' by SVI Deliver more online events lo share best praelice Partiapale In public policy debates on changing fin8ndal accounllng and olhèr pub16c polic188 that promote wellbeing and inequality in company reporting and decision making SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT ICONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 Structurè, gov•rn•nco and man•g•m•nt Govemlng d¢¢um•nt The &xial Imp8¢1 Analysis AssOcial￿n ISIAAI v4as incorwfaled 8$ a limiled liability company (number 075681221 In March 2011 and was regisl8red as a charity in England and W818s (number 11428741 In July 2011. The ￿lstered ¢omp8ny name was changed on 10 Sepl&mber 2014 to Social Value Inl8rnalion81. Sodal Value Inlemational is govemed by a M8morandum and Artides of Assc¢iation Ihereafter M&AI. Members ol Ihe board of Iruslees are 8180 the dlreciors ol the company and set Social Value InlefnalK)nal'8 overall Slralegy. yearly budget and have the fin81 say In any hlring decisTrons. Tru81ees have d8legal8d reswnslbiltty lor Ihe management of Scard Social Value Inlernalional's Afiicles ofAsswation state that up lo 7 Elected Truslees can be appointed lo the board at the AGM Ond up to 4 Collopted Truslees will be appointed by the board from lime lo time. The M&A Spoclfy a mlnlmum ol ￿ Iru51oes ￿ the board. Truslees serve for a thre8.year lerm and must retsre after this perK)d, but shall be oligiblo lor reapwintment. Tru5lees serve for a maximum of 10 conseculive years. following which they must take a break fvom office and may not be reappoinled until the anniversary of the commencement of his or her break Irom office. Management and staff Social Value International was led by a full-time Networks and Membership Manager. a fijll-lime Membership & Projects Coordinator. 8 full-lime Digitsl Marketing Manager, a full-lime OperalhJns and FSnance Coordinator, a part- lime BusSn6ss Dèvelopmanl Manager, a part-lime Financa and HR managér and a Full.time Technical Dlreclor. The Co-chair5 of the board ol trustees. line manage the Chief Executive. and together with all the trustees are ultimately reSF￿nSIb1e for the strategic runnin9 and governance of Sooal Value Intemalional. SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT ICONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 How ¥v• achl•v• publSc b•n•fft The Irusiees havé given con5Kleralion to th8 Charity Commission's guidance on pU￿1C bon8flt. As outlined in this report Soci81 Value Inlem81ional has delivered benefit lo professionals in the field of socLql Impact measurement and aceL)unkn"ng lor social value. and therelorè in thè organisats.ons and communities which thèy are opèrallng. The revised mb88ion and 51ralegic aims for Social Valuè Inlemalional demonstrate a continued cornmilmenl lo supporting charities and a range ol other organisations lo lake inlo account soual and environmental value in their de￿slon making. The beneficiaries of Social Value 1nternakn.onal are therelore anyone helped or influenced by such organlsalion818clivlly. All our activS1105 have don8 and wlll c4Jnllnue lo conlrfbult to our straleglc aim8 and are lor thè btn8fl1 of th public. Small Com￿nI•l provl•lon• Th58 report has been preparèd In accordancè with the speclal provislons relating to Small compan588 ¥￿thIn Part 1 S of the Companies Act 2C¥J6. The Injslees. report wa5 approved by thè 8oard of Trusle•s. M• Chun Chun Ada Ylp Trustee Dated.. Mdrlh .31. 2112.5 SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2024 The trustees. who 8re also the di￿¢10r$ of Social Value Inlem31ional for the purpose of company law, are responslble lor preparing the Truslaes, Report and tho finanelal Sialements In accordance wilh applieable law and United Kingdom Ace4)unting Standards Iuniled Kingd¢)m Gonerally Actsptèd Accounting PTath"ce). Company Law requires the ITuslees lo prepare financial stslemenls fof each financial year which give a true and fair view of the stsle ol affairs ol the charlly and ol the incoming resources 8nd applicauon ol resources, Including the Incom8 and 8xpondllure. ol the eharilable Company for thai y88r. In preparing thè58 fin8ncial slalemenls, the ITu8te65 are required lo.. - Select subtable accounts.ng polides and then 8PPty Ih8m consistently., - obseNe th6 m8thods and principl￿ Sn tha chan1￿$ SORP., make judgements and esllmale8 that are reasonable and prudent., and prepare the financial slalemenls on the goiro concem b8sis unl6ss11 Ss inappropriate to presume thal thè thanly will eonlnue in ¢￿ra10ft. The Iruslees are responsible for keeping adequate accounting records Ihal disclose wllh reasonable accuracy 81 any time the financlal position ol the charity and enable them lo ensure that ihe financial slalemenls comply ¥￿th tho Companies Act 2006. They are also Tespon51ble for safeguarding the assets of the charfty and hence for taking reaSor)at￿e sleps lor the prevention arHI deleclion ol fraud and other irregularitiès. SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOCIAL VALUE INTERNATIONAL I rep)rt lo the trustees on my examination ol the financ￿1 slatements of Social Valu8 InlemalkJn81 Ilhè charity) for the yèar ended 30 June 2024. This report is made 501ety lo the charitys Iru5tee5, as a body. in accordance Section 145 of the Charities Act 2011. My examinats.on has been underlaken so th81 I wnKJhl 5fate lo the chant￿S Iruslees those matters I 8m required lo slate lo them in an In(Jependenl Examinerfs report and for no other purpose. To the lullesl 8xleni ￿mill￿d by law. I do not aceepl or assume responsibility to anyone other than the charlty and th tharills Irusl883 as a body, for my examinatK>n. for this roport, or for thè opinions I have lorrned. R•sponslbllltl•s •Trd ￿S1$ ol r•port As the trustees of the charity land also Sls directors lor the purposes ol company lawl you are responsible for the preparalion of the finanoal statements in accordance wlh the requirernents ol the Companies Act 20C iihe 2￿6 Act). Havlng salisfw myself Ihal the financlal sts¢ements of the charity are not required lo be audfted under P8rt 18 ol the 2006 Acl and are eligible lor Indep&ndenl examinab'on. I report in respect ol my exarninalkjn of tho charity's fi'nancial statements carried out under sects'on 145 01 the Charitses Act 2011 (the 2011 Acll. In carrying out my ex8minalion I have lollowed 911 thg applicable Directions given by the Ch8rity CoMmiss￿n undef 8eclKffl 14515llbl ol Ihe 2011 Acl. Indep•ndent examln•r'• •tatem•nt Since the charity's gr08s Income exceeded £250.000 your examlner musl be 8 member of a bctyjy Ilsled In secllon 145 01 the 2011 Act I confirm Ih8118m qu811fie(I lo undertake the 8X8mlnalion bocause l am a membef ol ICAEW. which Is one of Ihe listed bodles. I have completed my examinaliThi. I conflrni that no mallars havè ¢>Jme lo my attonllon in connection with th 6xaminalion giving me cause lo believe Ihal in any material respect.. accounting records were not kept in respect of the charlty as requir8d by section 386 01 the 2006 Act., or the fin8n¢lal slalemenls do nol accord wilh those recofos., or Ihe linancial slalements do not Comply with the accounling requiremenls of sectK)n 396 01 the 2006 Act olher than any requiremfjnl thal the accounts give a Irue and fair view which is not a maller considered as part of an independent examination., or the financial slalemenls have not been prepared in accordance with the methods and principles ol the Slalemenl ol Recommended Praclice lor accounting and reporting by ch*rilies applicable lo charities preparing their accounls in accordance vAlh the Financlal Reportlng Standard applicable in Ihe UK 8nd Republic ol Ireland IFRS 1021. I havo no concorns and have come across no oiher matters in connoctlon with Ihe examination lo whTrch attention should be drawn In this report in order lo enable a proper underslandlng ol (he financial slalemenis lo be ￿8¢he￿. Anlta C Mason BAIHonsl BFP FCA Mllchèll Chadesworth Limlted Suites C, D, E & F 14th Floor, The Plaza 1CI) Old Hall Slreel Livèrpool L3 9QJ En9land Dale(J.' 31 March 2025 10- SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unr•$trf¢t￿ Reinstated Unreslricled funds 2023 funds 2024 Not•s Incom• from: Donallons an(1 leg8C Charitable activitsos Other trading activities 117,232 318,138 21,521 168 234,844 18,885 Total Incom• 456,889 253,897 Raising funds 21.808 39,608 Charitab16 8Ctivlli•8 393,637 201,002 Total •xp•ndltur• 415,445 240,610 Not mov•m•nt In fund• 41,444 13,287 Fund balan¢8s 811 July 2023 90,371 77,084 Fund ￿lanC•S at 30 June 2024 131,815 ,371 The 8talemenl of finand81 aclivllies indudes all gains and k)sseg recL>anised in the year. AJI In￿rne and expenditure dedve from conlinulng actlvitlas. The slalemenl of finanual aclivities 8180 complies wilh Iho requirvmenls for an income and expgndilurfj account undar Iho Companies Act 2006. 11 SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE BALANCE SHEET ASAT30JUNE 2024 2024 2023 N¢)ts• FSxod assets Tangible 35sels 12 797 762 Curr•nt a$•8t• Debtors Cash at bank and In hand 13 20.275 204.574 78.091 90.883 224.849 168,974 Cr•dltori'. amounts falllng du• wlthln one year 14 93.8311 179.3651 Net wrronl os801s 131,018 89,609 Tot•1 118èts l••• curr•nt Ilabllltl 131.815 .371 Funds of th• charlty Unrestricted funds 131.815 ,371 131,815 ,371 The ￿MpanY 18 ent￿ed to the exemplKJn from the audit requirement conlained in seclK)n 477 of the Companies Acl 20￿. for the year onded 30 June 2024. members have not reguirèd tha company lo obtain an audit of its financial slalemtnts for the yèar in quesllon In accordanc* with section 476. dirodor a¢kn¢)wlodges hor rgsponsibllilies for complying with Ihg requlroments of Ihe Companigs Act 2C#)6 ¥￿1h respect lo accounting rocords and the prgparation ol flnancial stotemonls. These financlal stslemenls have been prepared In accordanca ￿1￿ Ihe provislons appllcable lo comp8nles subject lo the small companles regime. Mdrih Il, 2025 The accounts were approved by Ihe Trustees on ................ ........ Ms Chun Chun Ada Mp Tru•te• Company R•gS¥tr•tlon No. 07568122 12- SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accountlng poll¢lo8 Company information sw.al Value International Is a private comp8ny IlmSled by guarantèe Incorporated in England and Wal6s. The registered office Ss LCVS Building, 151 Dale Street, Liverpool, L2 2AH. 1.1 A¢¢ountlng ¢onvgntlon The financial stalemenls have been prepargd In accordan￿ with the charity's Memorandum and Articbs ol AssocialKJn, Ihe Companies Acl 2006 and 'Accountin9 and Reporting by Charities.. Statement ol Recommended Practs'ce applicable lo charities preparing their accounts in accordance the Finanaal ReFQrting Standard applicable in the UK and Republic ol Ireland IFRS 1021" las amended for accounting periods commenang Irom 1 January 2019}. The charity 1$ a Publbc Benelit Enlily 0$ dellned by FRS 102. The financial statements are prepared in sterling, which is the functional currency of tho chaiity. Monetary amounts in Ihese financial slalemenls are rounde(I lo the nearest £. The accounts have been prepared under the historical ¢*51 convention. The principal accountin9 polic adopted are Sel out below. Tho Charity has taken advantage ol the provisions In Ihe SORP for Ch8ritles applying FRS 102 UpJaie Bullolin I nol lo prep8re a Slalemenl of Cash Flows. 1.2 Golng con¢trn Al the lime ol approvlng the finandal slalemenls. the Irusle8s have 8 reasonable exwclallon Ihal the chadty has adeqvale resources lo continue in operalional exisl8nce for Ihe loreseeable future. Thus the Iruslee8 conlnue lo adopl Ihe going concern basis ol accounb'ng in preparing the financial statements. 1.3 Charlt•bl• fund• Unre$lri¢lod funds arg availablg for uso 81 Ihe d[scret￿n ol Ivusloes In fvrtherance of Iheir ¢harliabl• objectives. 1.4 InGom• Income is recognised when the charity 15 legally entitled to it after any performance conditions have been met, the 8mountS C8n k me89ured reliably, and il is Probab￿ thal Income will be recelved. Cash donations ara recogni88d on r8e•ipt. Other d¢)nalbns Bre recognlsed once the charlly hè8 bèen nollfied of the donation. unles5 performan¢8 eondilions require deferral of the amount. Incom8 tax racovarablè In relaknon lo donations received undèr Gift is recognised al the lime of the donaUon. mom￿r$hiP income is recognlsed ovèr the period of mèmbor8hip. 1.5 Expenditur• Costs are allocated direcuy io the activities to which they relate. Cosls incurred in support ol expendilure on the objecls of Ihg charitable company or in raising lunds are recognised as support costs. Support costs are allocaled belwoen charita￿e expen(lilure headings on Ihe basis of Ihe average amount of management lim& 8penl on each actlvty. Govemance costs comprise the costs of the charitable administration and complying with Constslul￿nol arKI slalutory requifemenl aspects ol the charity. 13- SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accountlng poll¢l•s IContlnu•d) 1.6 Tanglbl• flx•d a¥$èt• Tangible lixed assets are inltially me8sured al cost and subsequently measured al co81 crf valualbn. net of depreciation and any impairment losses. Depreciation is r8¢ognis8d so 8$ to write off Ihe cost or valuation of assets less their resKlual values over their useftjl lives on Ihe followin9 b8S8S.' Compulers 25% Stra￿h1 Ilne The gain or los$ orising on Ihe disposal of an osset is delerniined as Ihe difference behveen the $8le proceeds and the carrying value of the assel, and is recognised in Ihg slalomenl ol financial aciivilles. 1.7 lrnpalmi•nl of flx•d •88•1s Al each reporting end date. the charity Te¥Aews the carrying amounts of its tsnglb￿ asse15 to determinè whether there is any indication that Ihose assets have suffered an impairment Ios5. 11 any such indication exlsts, Ihe rèc4Jvèrable 8mounl ol thè 888è1 is a9￿m818￿ in order to detamim the 8xiènl ol lh8 imp8lm16nl 105s Ill any). Rècovèrable amount is the hlgher ol lair value lèss eosls lo sell and value In use. In assasslng valu6 In usa. the 851imaled lulure cash flows are discounted lo their present value using a pre-tax dlscounl rate that reflects current market assessments of the lime value of money and the risks speclfic to the 85881 for whlch thè estimates ol lulure cash flows have not been adjusted. If the r8coverab1e amount ol an assèt is èslimaled io bè less than Ils carying am¢)unl. the carylng amount ol thè as5el Is reduced to its Tècoverable amount. An Impairment Ioss 15 recognisèd Immediately in incomal lexpenditurel for the year. unless the relevant a53el is carried al 8 revalued amount. in vthlth case the impairmenl Ioss 15 tr8aled as a revaluat￿n d8crease. Recognisèd impairment losses are reversed if, and onty rf. the reasons for thè impalmenl loss have eeased lo apply. INhere 8n Impairment 105s subsequently reve￿$, the carrying amount of thè asset 15 Incre85ed lo thè revised e51imale of ils recoverable afTiount. bul so that the increased carrying amount does not exceed the carrying arnount that would have been determined had no Impairment loss been recognlsed for the assat in prior years. A rev8rsal of an impairnient loss is r8cogni5ed immediately, unless the Televanl asset is carried in al a revalued amount, in which G85e the reversal ol the impairmenl loss is tre8led as a revalLb8bon increase. 14- SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accountlng poll¢l•s IContlnu•d) 1.8 C••h and calh •qulvalont* Cash and cash oquivalenls includ8 cash In hand, deposils hekl al call wth banks, other short-temi 1Squld investments with original malurib.es of three monlhs or less. 1.9 Fln•n¢lthl Initrument• The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and SeCt￿n 12 'Other Fin8nci81 Instruments Issues. of FRS 102 to all of rts financial instruments. Flnancial in8lrLJmenls a￿ recognised in the charit￿$ b818nce sheet when the chafily becomes party lo the conlraclual provlsions of the Inslrumenl. Flnancial assets and liabllilies are offset, with the nel amounts presented in the financial slalemenls. when ther8 is a legally enforceable right lo sel off the recognised amounls and the￿ is an inlents'on lo settle on nel basis or lo ￿aliSe the 8s8el and sell18 the Ilabilily 8imullaneou81y. 8•slc Iln•ncl•l ass8ts 8asic financial asselg. which include deblors and cash and bank b8lances, are initially measured al Iransaclion price including Iransaclion costs and are subs8qutrnlly carri8d al amortls8d cost using th8 effective Inler851 method unless the arrangement conslilules a financing transaction. where the Iransaclion is measured al Ihe present value ol the fulure receip15 discounted al a market rate of inl8re8t. Financial assets classified as receivable wlhin one year are not amorti5ed. Ba¥lc Ilnancl•l Ilabllltlgs 8asic financial liabilities. including cr8dltors and bank loans #ra initially recogni5ed at transaction price unless the arrar)gement constilules a fInan￿ng transaction, where the debt inslrurnent Is m8asured al the present value ol Ihe future payments discounted al a market rale of intgrg$1. Financial liobilitses classified as pay8￿0 within one year are not amortised. Debt instrument8 are 5ubsequantly Carr￿ al amortlsed cost, using the effective interest rale method. Trade creditor5 are obligations lo pay for goods or services Ihal have been acquired in the ordinary course of operalions from suppliers. Amounts payable are classified as current liabililies if payment is due within one year or less. If not, Ihey are presented as non•currenl liabilities. Trade creditors arg recogni58d inltially al Iransaclion price and subsequently measured al amortised cost uslng Ihe effective Inleresl method. D•recognltlon of Iln•n¢l•l Il•blllU•$ Financial liabilities are derBcognised when the charity'8 contractual obllgalions expire ¢y are discharged or ancelled. 1.10 Taxatlon The charity benefrts Irom vartous exemptions from taxalion afforded by lax legislation and is not Ilable to corporation lax on income and gains falling wthin these exemptions. The charity is not able to recover Value Added Tax. Expenditure is recorded in ihe accounts inclusive ol VAT. 15- SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Crltlcal a¢¢ountlng •stlm*t•• and Judg•m•nts In the applicatTrDn ol the charity's accountirkg policies, the trusteas are required to make judgernants, estirnales and assumptions about the carrying amount ol assets and liabilities that are not readily apparenl from other sources. The eslimales and associaled assumptions are based on historical experience and other factors Ihot are wnsidereo to be relevanl. Actual rgsulls may drftgr from these estimalgs. The estimates and undertying assumptKJns aro reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is rovised where Ihe revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future poriod$. Donatlons and1oga¢l•8 Unr••trlct•d Unr••trlct•d fund• fund• 2024 2023 Oonatsons and orfls 117,232 168 Charltabl• actlYlU•• Unr•strl¢t•d Roinstated Unro$lrlcled lunds lund• 2024 2023 Trainlng ineJ)me Services provided Prolecls income Nefv4ork revenue Events and conlerenees 11,599 8.116 277,728 19,335 1,358 47.797 9.332 165,405 9.099 3.211 318,138 234.844 In the prfor year the Sneomè flgures have been rèstaled, lo refleel reclasslficallons between incom8 calegories due to Ihe accounting codes being changed on Ihe accounting soflware. The figures have b8on rfrstaled only lor prèsentation purposes lo ensure the figure5 are comparable lo the 2024 figures. 16- SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Othor tr•dln9 8¢Uvltl•• Unr•strict•d Reinstated Unre¥trlcted funds fund* 2024 2023 Membgrghip $ubscriplK>ns and SK￿￿90rshIPs whth 8re in substance a payment for goods and services 21,521 18,885 Ral•ln9 funds Unrnstrlct•d Reinsla18d Unrestrictèd lunds fund• 2024 2023 Fundraisin and ublicit Support costs15ee note 81 21,808 39.608 Charlt•bl• a¢tlvlll•• nvironrnental Unr••trlct•d Reinslaled lund• Unre5tricled lunds 2023 2024 Deprecia￿0Th and impalmienl Consult8ncy 495 313,549 425 85,321 314,044 85.748 Share of suppori oJsts Iso0 note 81 Share of 9ovemance c05ts1see note 8} 67,527 12,066 108.050 7.207 393,637 201.002 17- SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Support CO8ts Support Gov•manc• co•ts 2024Supw)rt costs Governance costs 2023 Stsff costs Exchange Losses Office costs Communication Carbon eMiss￿n c0818 67,824 14 16,305 4,130 1,062 67,824 14 16,305 4,130 1,062 102.208 102.208 298 29.018 16,134 29.018 16.134 Independent examination fees Accountancy Legal and professbnal Bank chargos 799 2,846 4,132 4.289 799 2,846 4,132 4,289 726 2.478 831 3.172 726 2.478 831 3.172 89.335 12,C66 101.401 147.658 7.207 1 $4.865 Analysed be￿9•n Fundraising Ch8rllablt actlvllle8 21,808 67,527 21,808 79,S93 39.608 108.050 39.608 115.257 12,C66 7,207 89,335 12,C66 101,401 147,658 7,207 154.865 Support costs afe rech8rged between cosls of raislng funds and soclal and environmenlgl value 8Ctivlty on the basis 25%175 OA whlch is b88ed on ilmo spent by m8nagem8nl, In lh& prlor year the support costs has been reslaled, fe¢lassificalions belween costs categories were done io refflect the 8ccounling codes changes in the accounting software, the figures has been reinslaled only for p￿SentatIOn purwses. Govem8nce costs are rech8rged lo social and envlronmental value. Govemance costs includes payThents lor accountancy services and payrdl al a cost of £2,84612023.. £2,478) 18- SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Employ••8 Th6 average monthly number ol employe88 during th6 year was.. 2024 Number 2023 Number Adminlsiralion 2024 2023 Wages and salaries Social securily co$1$ Other pension costs 59,726 6,568 1,530 SM).858 9.192 2.158 67,824 102.208 10 Tru•t••• None ol the Irustees lor any persons conneded wth theml received any romuneralion during Ihe year12023'. nono). and ono trustee was reimburJed expenses £126 in regards ol travel expgnsos12023.' nono). 11 Tix•tlon The chartly S¥ gxempl from lax on Incomo and gains falling within 8octlon 505 of the Toxgs Ad 1988 or wlion 252 01 tho Taxation of Chargeable Gairbs 1992 to the oxignl that these are appllod to Its charita￿• objects. 12 Tanglbl• Ilx•d 88••ts Comwrt•r• Co•t Al 1 July 2023 Addilk)ns 1.699 530 At 30 June 2024 2.229 D•pr•¢lallon and Imp•lrm•nt Al 1 July 2023 Depreciats"on charged In thè year 937 495 AI 30 June 2024 1.432 Carrying amount At 30 JLJne 2024 797 At 30 June 2023 762 19- SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 13 D•btors 2024 2023 Amounts lalllng duo wlthln on• y•ar: Trade deblorn Othèr dèbtors Prepayments and occruod income 13,853 250 6,172 72.523 5.568 20.275 78.091 14 Cr•dltori: •mounts fAlllng du• wlthln on• y•ar 2024 2023 Not•s Olher laKalSon and sodal securlty Deferred income Trade credilors Oiher creditorn Accruals 3,341 15,000 20,049 52,928 2.513 1.823 21,000 14,482 39.034 3.026 15 93,831 79.365 15 D•f•rr•d In¢¢)m• 2024 2023 Othèr delèrred Income 15,000 21.000 Total deftrr8d Income al 1 July 2023 Amounts ￿CeIved In the year Amounts credited lo Statement of flnanaol oc¢ivilies 21,000 15,000 8,735 32.249 8.735 32,249 Total defer￿d income al 30 June 2024 15.000 21.000 16 Flnanclal Instrumènts 2024 2023 C•rrylng amount of flnan¢l•l a$sots Debt instruments measured al amortised cost 218,677 163,406 Carrylng amount of flnanclal Ilablllt Measured at amortised wsl 75,491 56,542 SOCIAL VALUE INTERNATIONAL COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 17 R•lat•d paity trnnsactlons Th8 trusta8s are also tho koy managemgnt of tho charity and ala not remun8ral8d for this role (see noto 101- 18 C•rbon Eml$slons As referenced in Ihe Trustees R8iy)rt, the Trustees are commilted lo laklng re5F￿SIbl1ty for the S￿la1 ifjs18 of our carbon use. This me8ns valuing the social costs and making a p8yThent lof that value) lo anothef 0ry8nizalion who is working lo address the s￿101 costs ol carbon. Our eslim81ed cartrx)n emlsslons 81 scope 1, 2 and 3 8r8 b88ed on the UK govemmenl methodology fof 'homeworking emissions, IDEFRA calculations of 0.33378 kgC02e per hr) 8nd a melhcmjology for eslimaling emissions from Sustainable Trav81 IntematK￿aI Isuslainabletravel.or9I. SVI generaled 8.3 tlco2e. Using the UK Govemmenl's Valu81ion of Greenhouse Gas Emissions lof Policy Appraisal and Evaluallon quoted cost ol carbon lor 2024 01 £128 per lon for low serles. SVI'S nnand81 Impact ol carbon use Is £1,062 on Ihls basls. The amounl is a¢￿￿nI￿￿ for in Ihtrso financl81 slaltrmenls 8s a liabillly. To clarify, the calculated profil for the year dog8 Indude the soclal costs ol our conllnued contdbulbn lo climate change, 21