REcisfERED CHARfrY NUMBEIL. 1197154 REPORT OF THE TRUSTELS AND UNAtJDITED FINANCIAL STATEMEN18 FOR THE YEAR ENDED 31sr DECEMBER 21)23 FOR George Hay & Company 83 Cambridge Stre¢t Ddon SWIV4PS
FOR THE YEAR E[ED 31ST DECLMBER 2023 Pg Report of the Tntste Indepelldent Exthitier's Rert Stteme#t of nancIal Athit Statemet of FMthej Posilw Notes ts the Ststethents 7 to 9 10 to ii
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 315T DECEMBER 2023 The tmstees PEesent th¢ir Iqkn with the flnartial ststetll¢Dts of the chgrity for the ycaT cdl 31st Dw¢mbcr2023. Thc hav¢ adoptEd the provisio of Arcouniiog and ReFwling by (hrtti¢s: Statement of R¢¢ommended Practice applicabl¢ tts cbariti¢s preparnig thcir accounts ill accordance with Financial Repjrting Statldard appli¢3ble in the UK al liepub]ic of tr31 (FRS 102) (effective l January 2019). ObjeetiYe5 xiws Thc Objectiv of the Cbar¢ty ate to eqjulity atKI diversity for the public ttnefit by Undeing aDd PTomoting activiti to encourage wia]. Tacial and religi¢)us tolerance and fostsr UDderstsnding b¢een pwpl¢ from divers¢ backgrouthts, iticluding but notjimitedto th¢ nMuJing of art and filtn proiwts and wothops Publie benefit The Trustees hav¢ o)nwlirA with their thity uth the Chatiti¢s Aa 2011 to havc due W to pthlic benefit guidaDC¢ publith¢d by the Clthrity Comtnissioll for Engtsnd and Wale& In 2023 wc contillued to cngage CoMu in Fast Lorwkn #nd str¢Dts our relationsbips witb orgaDwtions tbere, &$ well as mpp)rt ourpartna3 in Europe. Youth Art for the Earth We have par with Fund from SeA>i4 the Ins for the Development of knial Rwsibility from Slovenia. and Nobulo and Ukn Art Cmi from Fmce on a twtrycar ptoj¢ct fiujdtd by the Cornmis5ign'8 Cr¢atsv¢ Europc progrdmm¢. Th¢ prnject IKS engagd yOE people in articu]atitig eSSageS and c4)-creating artwork about social responsibility aod enviroDr(tentsl wthinabiltty. d¢liv¢rables have included (xgaging up to 120 young participants ID highly interve workshops that build Ctiv¢ and crttical thinking skills. delivering six pieces of public art through a co-c¥r2tive proce for the lTh¢fit of local comtDuDiti¢s, amplifying workshop discu&sions thrnugb fiitn and digital medii and creating a curriculum on ellvitoDm¢Dts] suthillthth.ty wbich Can widely adapted by ¢ducators. Thc project k"Lckql off in June alld we compi¢ted the fitst workshop and murnl ID Ljublja Slovenia in Septemb¢r. We co]labora¢¢d with Streets of Gro a tLCW street art pt¢ce lo(zted at Usk Strttt in Bethnal Gree East Londo Th"s artwork c•m¢ out ofwothop5 o)lldu¢ted with secondary xhool Shmlellts atC¢ntral Foundatioll Girls School. Tht rnural was designcd and painÈcd by ow Icad artisi ATMN wisttd by the w0b0p partKipaTLts, m¢rnb¢rs of StsreLs of Growth aud local r¢8id¢nts. The project was part of Streets of Growth's He&lst8rt pr0gratlln filth by Mayor of tlOn and Completed in paer1P with Tower Hamlcts Hotnes. Novèmber 2(123: The Ott* l Admire> Round 2 After tbe initial sUCCC8s of th¢ pJec¢ r&sidents iD Newbam were invit&1 to joill the second round of the rx>rtrait c¢)mp¢titioL Ten leCted wtraits W¢Er prillted &s atyl ¢xlllbited close to Alice Billing8 How by Str8tford to tre. and elsewhere in N¢wbam. The iDstallation lauttth took pkn on 30 Nov¢mb¢r 2023. Decembv 21ll3: Greembou5e Gx ReMrfyV vffjrksbop prepan W¢ prwr¢d a workshop with Prof¢ssor Paul Rouse atKI Dr. Ri¢baTd Tempier from Impcrial Colleg¢ Lon both leaders in GreeDbous¢ Gas Rel[Val (GGR) rcsearch alld part of C02RE.UK's Jjational rcscaxch hub on GGR te¢hnology. We helped orgaDizc a workshop with Year 10 stttht)ts fro Bow School in East London for the bc8jtinillg of 2024 to di8cuss ¢]im8te challgG GGR techniq al1 LXeer0pFrtiMlttes ID the field. Decelltber 2(123, Mllral the B#lleroft FAtat4 Globe Tw IAbndo4 Dina Chehiazi paint a mural on a plaYwuj wa]1 in Bawoft Estste expl]ng diffuent landscw and aswts of th¢ Earth throu Indivdal1ty, ou[aoI1021 worlds.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2•23 FANC REvw Reslts for the ptriod The totsl iDCODJe th¢ year was £31537 (2022 - £32.5). All of th¢ fiuHliDg cam¢ from donatious (2022 - £25,220 fiDm donations and the retnaiw ba]allct derived frotll chan"tsbl¢ xtivtties). The exp¢nditure over this y¢ar was £23,489 (2022 - £38.328). The rRt in¢oTne fot year is £9.04812022 - net exIdi £5.423) and totsi funds ¢allied fOard &3 at 31 tkcembtt 2023 wcrc iti SwpI by £3.625 (2022 - deficit by £5.423). We WIEI continu¢ to work on fieT waDdiDg our col]akntativ¢ n¢tsv0 amongst gtOS3 Twts orgallisatiOD4 Charity ¢Oll$tRtuti•D The charity is govern¢d by a const1 of 4 CbaTitsbl¢ Incor[m organ (CIO). The elwity nwc the affairs of the ¢hatity andrE)ay for that pulp exucise all the of the CIO. Recrnitinemt and appoi1¢llt of new tru Th¢r¢ must be at leth three charity tnjstees. If the ttvmber falls loW this roiDimun4 the reThaining trSte¢ or tn D)ay act only to Call a JDeetÈDg of th¢ charity tr• to aptxjant a n¢w cbarity tsits. The rnaxirnum number of truste¢8 is 13. Every trustee is appointed for an initial terni of thtee yea[5 by a re8olution Pa%d at a prowly cthjvened mceting of th¢ charity trusttts. tll 5electiDg iDdividua]s for ap)intMe as chanty tn&f• the tsitstees must kna r¢gard to skills, knowledge and expenence ne£ded for the ¢ffe£tiv¢ admi151[ation ofth¢ CIO. kny &cision by charity trustc¢s must be at a meding of tht charity thtstees or by res0knti¢)n in writing or eleetronie fotm by a majwity of all of the charity trust. The board of trustce# mects on a regular basis to discws key in re]ation to the cb2ritys affairs. Th¢ trust¢¢s bave a duty to i¢Jentify and review thc risks to wbich the ao is ex and to ensure approwiate controls are in place io provide reasonable agaitist fraud al error. The trStee$ have exomined the major strdtegic, busintss and operdtional risks which the charity fa¢e5 alld confitrn that systtms have l*ell established to enable th¢ lit8iStered Cknity nujnber 1197154 Unit 9 l Luke Street London EC2A4PX G Sekwey8n S S Powles A M M Van Heteren J Doostdar
PAINT THECHANGE REPORT OF THE TRLSTEES FOR THE I'EAR ENDED31ST DECEMBER2023 REFERENCE AND ADMINISTRATIVE DETAIts Ind¢pendent Examiner fvliihaL'I I)a%'is FCA F('CA (iLYroi I la! &- Lompan C'hurtifid,IcLountants X) ( lbrIdge Sireet STATEI1ETriT OF TRUSTEES, RESPONSIBILITIES The irusiLes alL fL'spiinsiblL lor pparIng ihe Report ol IhL TruttS ihe financia] sthtcmenis in ac¢ordance with appliLabl. Idli lJniLid LingdotTh AiLouniin8 S(andard5 Iunited Kingdom Generally Accepted Accowitsng Praciicel. Thi la¥1 tippliLahle io Lharilies in Ln?land and Wale& the Charities Aa 2011. Charin." (Accounts and keport51 Reniilations ?0118 and Ihi proi'istons of ihe vu51 deed requires ihe tn*gees io prepa]t financial statements for ea¢h lindn¥i&il i¥-dr ¥ihiih ui% L a trui and tair %'i¢%v of the sthte of affr5 of the chariiv and of the inL(Iming resources and appliLJiion ol- riSoufcik InLludine thi IllCOtn¢ Jnd CXwl[re. of the chari4 lor that peti1. In preparing thosr linaniial.%iatemLnis. irusiees are required to LILLI sui'.abli Kcouniing lleteS and ihen appl}. Ihem n51clly= obsrI i thL' meihi)ds and PrillLiple5 in ihe Chariii. SORP.. maki jud.'¥minis and thai a. teasoBabl¢ Jnd prud¢ni= prLptsri ihL tinancial aIlMlntS om the eoin? Loncern b&sis unless il is inappropriate to presume thai ihe charity jk)niinilU in bu5in¢ss. ThL' Ifuslct ari rLsponsibli for KLying prow ac¢ouniing rttords iihich disclose ii'ith rtwonable a¢¢urno at any time thi linanLial P05iiion ol.the charii) and to enable IheTn lo ensure thai the financial ststemenfs ¢OTnply wiÉh the Charities ALI ?111 l_ tnL C'harit! IALLounis and Reports) RegUl10S ?8 and the provisions of ihe Irusi deed. Thev are also rL%PI)nNihl¥ liir s(tlegJ<wding ihe assas of the chariL¥ and hence for thking reasonable steps for the prev¢niion an d¢l¢¥tii)n cil Iraud and oihir Irr.l[le ppnilL b). Drdtt of the ard oftswstees ot).......... . and signed on its behalf by: G ama- TrUSL. Page i
INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEYS OF PAINT THE CHANGE Ind¢pendet examiller's report kn the trusttts of Palt The Ch I Itrt lo the cl)arity trustees oo my examioth of the acmthts of Paittt The Change {th¢ TDJSt) fot th¢ ¢Jxknl 31st Lkcember 2023. Responslbilitses and basts of rwrt As th¢ ¢barity ttuslees of the TDJ5t yw at¢ for the plEp1)ll of the a¢COUDts ia a¢tordanc¢ with the reqUirets of the Chariti¢s Act 2011 Cth¢ A). I r¢port in respect of my examination of the TEuses Unts (l¢d out ullder Section 145 of th¢ Act and in ¢aTrying out ¢xamIn I hav¢ followed all app]i¢able DArei"oDs giveD by the ajarity Comrnis5iOll Ut)d¢r Section 145(5Xb) of the ACL Independ¢Mt exminer's t¢e#¢ I b4v¢ con)plctcd my MItiO. I confirm that no materi3] matters llaye L¥)me lo my attentiijn in cotitiection with tbe accounting rtcords we not k£pt in rcspect of the Trust as requiTed by Stttion 130 of the Aci. or tbe ac<ounts do not acc4)rd with thos¢ r¢¢ords: or th¢ aUnts do not comply with the applicabl¢ concCrni the form and content of accout set out ID the Clwities (A¢¢ounts and Ryrts) Regulats"on$ 2(M)8 other than any r¢qUIrlleD1 that thc X¢OUDts giv¢ a tru¢ and fair view which is Thrta maltcr W81der] &s part of ats tlldcpeknt ¢xamtllatto b¢ drawn in this re[ in ordtr kn ellable a Pro uuderstanthg of the accounts to b¢ rcacbed. This w is made sol¢ly to th¢ clwity's truw as a iKMly. ill ac¢ord¥nce with section 145 of the awitie& Act 2011. My work h&s F*en so that I might stste to the chaEity's trustees those matltts l 8ll] required to stste to them this r¢port aod for no other puryK)8¢. To the full Ul¢ntttted by law, I do not &ccpt or &ssume ftsponsibility to attyone other thal) th¢ charity and th¢ ¢barity's trusttts as a Edy. for wort forthis report or foT th¢ opinions I have Mi¢hacl Davis FCA FCCA Georgt Hay & Company C]]artered Ac¢ouDtants 83 Cambridge Street London SWIV4PS Pag¢ 4
FOR THE YEAR ENDED 31ST DECEMBER 2011 Period 15.12.21 Year EDded 31.1223 Unrestrid¢d 31.1222 Total fuDds Donations and l¢ga¢ies 32.537 25.220 Chrritable ctivttles Film alld other sales Chritble etiviÉies Contributory and artists EqUlpEllentbi & niaterials 16.473 577 2.929 2,922 6,439 Tol*l 38J28 NET INCOMFJ(EXPENDITURE) (5.423) RECONCILIATION OF FUNDS TO( fUJ5 brougbt forward (5.423) Page S
PAI.NT THE CHANCE STA TEMEP4T OF FINAN4CIAL POSITJON 31ST DECEMBER2023 2023 Unrestricted 2012 Total funds Notes ClJRRENT ASSETS C'ash ai bJnk 12.946 CREDITORS Ainiiunts lallino du¥ %vithin )¢ar 19J21) 15.4231 NETCI'RRENT ASSETSIILIABILITIES) 3.625 5.4231 TOTAL.4SSETS LESS CI',RREYT LIABILITIES 3.625 15.4231 NET ASSETSIILIABILITIES) 15.4231 FLN.DS LnrL1r1clLU lunds.. CiL'nL'ral lund 3.625 15.4231 TOT.AL FUNDS 5.423) 'I'h¢ siaieminis i%ire appTuved bj the Board of Trustees and authorised for i&sue on . and li.e signed on lis khallb)= S lsljm J*tLL The ttoiu forni pan olthese finan¢ia] statements Page 6
NOTES TO THE FLVANCIAL STATEMET4TS FOR THE YEAR ENDED 31ST DECEMBER 2023 ACCOUNTING POUCILS Bsi$ of preparittE the stat¢ments The fillanCl st2tetyeDts of thc chxtity, wbicFA 18 a tth]i¢ b¢Dcfrt entity FRS 102. have be¢n prWad i accordance with the Chan"ties SORP (FRS 102) 'Accounling alld RertIng by ClJariti¢s: Statent of Rec0Tn[nend Practic¢ applicable to cbarities preparing Iheir aCcoty ID accordance witb the Finaticial RqK>rtiDg Stsndard applicablc in the UK and R9blIC of Irelalld (FRS 102) [¢fftive l Jallu8ry 2019),. Finattcial ReForting Standard 102 Thc Fiti8ncia] R)rtIng Stsndard applicable itt the UK aDd R¢public of Ir¢]aod' and the ChaTitt¢s Ad 2011. The fiuaDcial have prep ulld¢r th¢ bistoriol wst cthivtntio ]n¢tyme All i4¢ome is r£co8tti8ed in the Statement of m3cial Activiti once the charity has entitIe¢llt to the it is pmbable that th¢ it)COti w]11 be r¢c¢iv¢d aud the amountcan ¢&sr11abIy. Liabilitics are recogniscd as CtIllre as soon as thert IÈ a l¢gal or cotL8trthe d)ligation conMDitting charity to that expeDditur¢, it is probable that a transfer of econorni¢ tllefits will be required ill settlement and th¢ amoutst of the obligion w be r¢liably. EX1tr¢ is accouuted for on an accnJal8 b&%is and has l)¢¢n ¢]assified wmler hcadings that ag8re8ate all cost related to the c2tcgory. Where costs callnot be directly attributtyj to parttcular headitigs they have been allocad to activilies oa a bASts consistt with the use of Taution The charity is exempt ftom tsx on its clwitable &tiviti¢& UytrIcted fimds cao b¢useA in accordance with th¢ clwitsble objtctives at tkn discretion of th¢ tsustecs. RestrA"cied funds can only be used for partitsdaT restticted pUrym within the obj¢¢ts of the cbarity. Re8trictions arise when Splfied by the dowor WI are raiscd for1wti4jÈ[ restricted purposcs. Furtber cxplall2tion of thenatsre 2nd pw of each fid is iwluded Ill thE tcS to th¢ fitWL¢ial slateorJ)ts. TRUSTEES, REMUNERATION AND B£NEFf15 There were no trustce8' r¢mun¢ration orOtherTr forthe yearcnded 31st December2023 nor for th¢ peri ended 31$t Dcc¢mtr2022. 31st Dee¢DJkn2022. UDre8tiitted fund Donations and legaci¢s 25.220 Chxritblt adivities Fth alld other s Total Page 7 CODtinurAt..
N(yfES TO THE FINANCIAL STATEMENfs. FOR THE YEAR ENDED 31ST DECEMBER 2023 UDrestrieted fund ClJarit4ble *ctivrti¢s Contrjbutors and artists Equiprnenthire & oterialS 2,929 2,922 38.328 NET INCOMFJ(EXPENDTfUIIE) (5.423) 5.423 2023 2022 Net At 31.1123 Ati.123 ID f¥nds Unrestricted funds (5.423) 3.625 TOTAL FUNDS Incorning Resources Movement funds Unr¢8tri¢t¢d fRBds 3U37 (23.489) TOTAL FUNDS 23 489) Page 8
NOTES TO THE FINANCIAL STATEMEIIYS. eoDtinued FOR THE YEAR EI¥DED 31ST DECEMBER 21123 MOVEMENT Th FUNDS. ¢o#tityutd Comprttva fDr mov¢mtht in fu Net movement funds At 31.1122 Ureyr1 General fund (5.423) (5,423) In¢omib8 Resour Movemertt re4ourw expended UDresti?d¢d Generat fimd 32,5 (38.328) (5,423) TOTAL FUNDS 31905 38.328 5.423 RELATED PARTY DISCLOSURES Thtte no rclattd tr9nsaet1 for the yw ended 31st ]k¢DJber 2023. Pag¢ 9
DETAILED STATEMEpff OF FtNANCIAL ACTivfTILS FOR THE YEAR ENDED 31ST DECLMBER 2023 Period 1&12al Y¢xr Ended 31.1223 31.12.22 INCOME AND Ef4DoivMENTS DoTratiott$ #Dd leycies Donations 32537 25,220 Chritble Film and oth¢r sale8 income Ttstal rejourcts 32.537 32.905 Chritble #etiVAknes Equipment hire & materia]s 577 16,473 2,922 2,929 17.050 5.851 Support ¢osts Ma8eellt Consultancy 18,437 9.055 27.492 1.027 976 12 Sundrfftes 1.091 r•rJLition technology R¢pairs alld rcncwais Wrboitr wsts 97 853 272 950 272 Other Postage a[ stationcry Sundrie8 239 85 350 934 324 Profrssiollal f¢¢s Carri¢d forward 1144 1144 2.070 2.070 Page io
DETAILED STATEMEprf OF FLYAI¥CIAL ACTIIqTIES FOR THE YEAR ENDED 31ST DECEMBER 2023 PerAod 15.1221 Year Ended 31.1223 31.12.22 Covern#n¢e fogts Brougbt fonvard 1144 2.070 Net im¢orntl{expenditure) Pagell