**THE ENVIRONMENT4CHANGE FOUNDATION A COMPANY LIMITED BY GUARANTEE HAVING CHARITABLE STATUS**
**Annual Report and Financial Statement**
**For the period ended**
**31 December 2023**
**Charity No: 1187400 Company No 11664276**
## **THE ENVIRONMENT4CHANGE FOUNDATION Annual Report and Financial Statements For the period ended 31 December 2023**
## **Contents**
||**Page**|
|---|---|
|Reference and Administrative details|1|
|Trustee's Report (incorporating the Strategic Report)|2-4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8-10|
## **THE ENVIRONMENT4CHANGE FOUNDATION Reference and Administrative Details For the period ended 31 December 2023**
|**Status**|The organisation is a charitable company by guarantee|
|---|---|
||incorporated on 7 November 2018 and registered|
||as a charity on 16 January 2020|
|**Governing Document**|The company was established under Memorandum and|
||Articles which established the objects and powers of the|
||charitable company|
|**Trustees**|Christine Malina-Maxwell|
||Andrew Reid|
||Saurabh Patel|
||Pradeep Prathapan|
|**Key Management Personnel**|Andrew Reid|
|**Registered Office**|3 Charlbury Grove|
||Ealing|
||London W5 2DY|
||United Kingdom|
|**Operating Office**|3 Charlbury Grove|
||Ealing|
||London W5 2DY|
||United Kingdom|
|**Company Number**|11664276|
|**Charity Number:**|1187400|
|**Bankers:**|Barclays Bank plc|
||1 Churchill Place|
||London E14 5HP|
|**Independent examiner's**|Naik & Co|
||2nd floor, Dunwoody House|
||396 Kenton Road|
||Middlesex HA3 9DH|
Page 1
## **THE ENVIRONMENT4CHANGE FOUNDATION Trustees' Report (Incorporating The Strategic Report) For the period ended 31 December 2023**
The trustees of The Environment4Change Foundation presents their report and the financial statements for the period ended 31 December 2023
## **Objectives and activities**
The principal activity of the charitable company was the provision of funds for environmental conservation programmes. The purpose is to inspire people and communities of people to achieve extraordinary improvements in their environments (The WHY), by scaling and democratising environmentalism (The WHAT). The "HOW" is to provide everyone with access to a Platform as-a-Service providing them all the tools, services and social media that allows them to become active in positive environmental change in their local communities.
Environment4Change wants to play its part in helping solve one of humanities greatest problems, "the global rubbishing of our planet". By harnessing technology (PaaS, new data structures, Big Data and mobile and web applications) and making them available, communities will be able to clean up their own environments. This will vastly improve qualities of lives and will redistribute power, capital and opportunity to people within those communities.
The purpose and objectives of the charity are:
- to promote for the benefit of the public the conservation protection and improvement of the phusical and natural environment.
- to advance the education of the public in the conservation, protection and improvement of the physical and natural environment.
- by heightening public awareness about the plight of the environment and finding funds for conservation/clean up programmes.
- to protect endangered species and create awareness of the importance of biodiversity.
By focusing on these points our purpose is to help clean-up our planet and remove pollution spoiling air, water and soil thereby protecting all life.
## **Achievements and performance**
During the period the trustees have identified and given grants of £24,200 to Environment4Change Ltd to undertake necessary work to build a website, prepare platform development specifications and update the White Paper setting out the why, what and how of the Foundation. The Foundation is raising donations for the building of a Platform as-a-Service to focus on scaling and democratising environmentalism.
The charity will continue to monitor projects which are connected with heightening awareness of the plight of our environment and conservation of all life and provide grants as required. We also have a website that offers educational material for schools and educators about air pollution, plastic pollution, desertification, scarcity of water and its impact on humanity.
## **Financial Review**
Despite not undertaking a major drive for donations, the charity continues to receive funds from supporters recognising the work the Foundation is undertaking.
## **Reserve Policy**
This period the trustees have paid what it can to Environment4Change Ltd to undertake necessary works in preparation for a drive to raise substantial funds to undertake the necessary software development for the benefit of environmentalism.
Page 2-4
## **THE ENVIRONMENT4CHANGE FOUNDATION Trustees' Report (Incorporating The Strategic Report) For the period ended 31 December 2023**
## **Risk Management**
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The Environment4Change Foundation is a charitable company, limited by guarantee and registered in the United Kingdom, It is governed by its Memorandum and Articles of Association dated 7 November 2018. The company is registered as a charity with the Charity Commission and has been given the reference number 1187400.
As set out in the Articles of Association there shall be at least three trustees. In the event of the charity winding up every member undertakes to contribute a sum not exceeding £10 to the assets of the charity. The Directors meet at such intervals as they consider appropriate.
The induction process for any newly appointed trustee comprises of a meeting with senior trustees regarding current and future projects and general information on procedures and trustees’ responsibilities.
All new directors and trustees will receive copies of the charity trust deeds and literature explaining the ethos and objectives of the charity. Additionally, they receive copies of the Charity Commission guidance notes on the responsibilities of trustees.
The charity has no employees. Andrew Reid (Director) together with the trustees, carry out the daily management and administration of the charity.
The trustees have complied with their duty contained in Section 4 of the Charities Act 2006 and have given due regard to the guidance published by the Charity Commission.
The trustees have deemed that no specific reserve policy is necessary.
## **Statement of the Board of Trustees' responsibilities for the financial statements**
The Trustees, who are also directors of The Environment4Change Foundation for the purpose of company law, are responsible for preparing the Trustees' Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (SORP FRS 102).
Company law requires the Trustees to prepare financial statements for each financial period and not approve the financial statements unless they are satisfied that the financial statements give a true and fair view of the state of affairs of the Charities at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the period then ended.
In preparing these financial statements which give a true and fair view, the Trustees should follow best practice and:
- a) select suitable accounting policies and apply them consistently;
- b) observe the methods and principles in the Charities SORP;
- c) make judgements and estimates that are reasonable and prudent;
- d) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
- e) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue on that basis.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006.
Page 2-4
They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
For the financial period ended 31 December 2020 the company was entitled to exemption from audit under section 475 and 477 of Companies Act 2006. No member of the company has deposited notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.
Approved by the Trustees on 16 February 2024 and signed on their behalf by:
**………………………………………………………….. Andrew Reid - Trustee**
**Date:** 16-Feb-24
Page 2-4
## **Independent Examiner's Report to the Directors of THE ENVIRONMENT4CHANGE FOUNDATION**
I report on the accounts of The Environment4Change Foundation for the period ended 31 December 2023 which are set on pages 6 to 10.
## **Respective responsibilities of Trustees and Examiner**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charites Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for the independent examination, it is my responsibility to:
- examine the accounts (under section 145 of the 2011 Act);
- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to our attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the account present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent Examiner's Statement**
In connection with our examination, no matter has come to our attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with Section 386 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, to comply with the accounting requirements of section 396 of the Companies Act 2006 and the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities (revised 2005) have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**…………………………………….**
## **Hitendra Naik FCA**
Naik & Co 2nd floor, Dunwoody House 396 Kenton Road Middlesex HA3 9DH
**Date: 16/02/24**
Page 5
## **THE ENVIRONMENT4CHANGE FOUNDATION Statement of financial activities For the period ended 31 December 2023**
|**Notes**
**Income resources**
**Donations and other income**
Donations
Bank interest
Tax refund
**Total incoming resources**
**Resources expended**
Charitable activities
**2**
Governances costs
**4**
Total resources expended
Net income/(outgoing) resources
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
20,604
-
11,297
**31,902**
24,300
-
**24,300**
7,602
2,765
**10,367**|**2023**
**£**
20,604
-
11,297
**31,902**
24,300
-
**24,300**
7,602
2,765
**10,367**|**2022**
**£**
37,322
-
7,633|
|---|---|---|---|
||||**44,955**|
||||57,716
-|
||||**57,716**|
||||12,761
-
15,526|
||||**2,765**|
All the charity funds are unrestricted.
The statement of the financial activities includes all gains and losses recognised in the period
All incoming and outgoing resources are from continuing activities.
Page 6
## **THE ENVIRONMENT4CHANGE FOUNDATION Balance Sheet For the period ended 31 December 2023**
|**Notes**
**Fixed assets**
**Current assets**
Debtors
**5**
Cash at bank and in hand
**Creditors: Amounts falling due**
**within one year**
**6**
**Net current (liabilities) / assets**
**Total (liabilities) / assets**
**Represented by**
Unrestricted funds
**8**|**£**
**£**
-
-
-
10,367
10,367
-
-
10,367
**10,367**
10,367
**10,367**
**2022**|**£**
**£**
-
-
15,526
15,526
-
-
15,526
**15,526**
2,765
**2,765**
**2021**|**£**
**£**
-
-
15,526
15,526
-
-
15,526
**15,526**
2,765
**2,765**
**2021**|
|---|---|---|---|
||||**15,526**|
||||2,765|
||||**2,765**|
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directorss acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the directors on 17 May 2023 and were signed by:
**Andrew Reid- Director Charity No: 1187400 Company No: 11664276**
Page 7
## **THE ENVIRONMENT4CHANGE FOUNDATION Notes to the financial statements For the period ended 31 December 2023**
## **1 Accounting policies**
## (a) **Basis of Accounting**
The financial statements are prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice, applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable to charities in the UK and Republic of Ireland (FRS102) issued 16 July 2014 and with Charities Act 2011.
## (b) **Incoming resources**
Donations and other income are accounted for when received by the company.
## (c) **Resources expended**
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. Expenditure is accounted for on an accruals basis.
## (d) **Tax status**
As a registered charity, the company is exempt from Corporation Tax and Capital Gains Tax, but not from VAT, irrecoverable VAT is included in the cost of those items to which it relates.
- (e) **Charitable activities** Costs of charitable activities include expenditure on charitable projects in relation to developing public awareness and knowledge in relation to the plight of our environment around the world, as shown in note 2.
## (f) **Governance costs**
Governance costs represent costs incurred that are attributed to the public accountability of the charity and its compliance with regulation and good practice. These costs include professional fees and all costs incurred for the management and control of the charity's activities.
## (g) **Fund accounting**
Unrestricted funds comprise of general funds created by the accumulated surplus on the income and expenditure account. They are available for use at the discretion of the directors in furtherance of the general objectives of the charity.
## (h) **Foreign currencies**
Transactions in foreign currencies are translated at average rates prevailing at the date of the transaction. Balance denominated in the foreign currencies are translated at the rate of exchange at the year-end date. Exchange differences are charges to charitable expenditure.
Page 8
## **THE ENVIRONMENT4CHANGE FOUNDATION Notes to the Accounts - continued For the period ended 31 December 2023**
|**2**
**Charitable activities**
**Note**
Charitable donations
7
Awareness and promotional costs
Support costs
3
**3**
**Support costs**
Wages
Postage & stationery
Computer and website costs
Bank charges
Sundry expenses
**4 Governance costs**
Accountancy
**5 Debtors**
Payment in advance
**6 Creditors: amounts falling due within one year**
Other creditors
Accruals|**2023**
**£**
24,200
-
100
**24,300**
**2023**
**£**
-
-
-
100
-
**100**
**2023**
**£**
-
**-**
**2023**
**£**
-
**-**
**2023**
**£**
-
-
**-**|**2022**
**£**
57,602
-
114|
|---|---|---|
|||**57,716**|
|||**2022**
**£**
-
-
-
114
-|
|||**114**|
|||**2022**
**£**
-|
|||**-**|
|||**2022**
**£**
-|
|||**-**|
|||**2022**
**£**
-
-|
|||**-**|
Page 9
## **THE ENVIRONMENT4CHANGE FOUNDATION Notes to the Accounts - continued For the period ended 31 December 2023**
|**7 Charitable donations**
Environment4Change Ltd
**8 Funds and reserves**
Balance brought forward
Incoming resources
Outgoing resources
Balance at 31 December 2021|**2023**
**£**
24,200
-
-
**24,200**
**2023**
**£**
2,765
31,902
24,300
-
**10,367**|**2022**
**£**
57,602
-
-|
|---|---|---|
|||**57,602**|
|||**2022**
**£**
15,526
44,955
57,716
-|
|||**2,765**|
## **9 Transactions with trustees**
There were no transactions with trustees during the period.
Page 10