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 P*g* Report of the Tntste Indepelldent Ex*thitier's Re￿rt St*teme#t of ￿nancIal Athit Stateme*t of FM*thej￿ 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 c￿d￿l 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 tr￿3￿1 (FRS 102) (effective l January 2019). ObjeetiYe5 xiws Thc Objectiv￿ of the Cbar¢ty ate to eqjulity atKI diversity for the public ttnefit by Unde￿ing 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 CoM￿u￿￿ 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 yO￿E 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 inter￿￿ve workshops that build C￿tiv¢ 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 w0￿b0p 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 t￿lOn and Completed in pa￿er￿1P with Tower Hamlcts Hotnes. Novèmber 2(123: The Ott* l Admire> Round 2 After tbe initial sUCCC8s of th¢ p￿Jec¢ 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￿ al￿1 LXeer0p￿FrtiMlttes ID the field. Decelltber 2(123, Mllral the B#lleroft FAtat4 Globe Tw IAbndo4 Dina Chehiazi paint￿ a mural on a plaYwu￿j wa]1 in Bawoft Estste expl￿]ng diffuent landscw and aswts of th¢ Earth throu￿ Indiv￿d￿al1ty, ou[a￿oI10￿21 worlds. REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2•23 F￿ANC￿ REv￿w Res￿lts 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 exI￿di￿￿ £5.423) and totsi funds ¢allied fO￿ard &3 at 31 tkcembtt 2023 wcrc iti SwpI￿ by £3.625 (2022 - deficit by £5.423). We WIEI continu¢ to work on fi￿eT waDdiDg our col]akntativ¢ n¢tsv0￿ amongst gtOS3 Twts orgallisatiOD4 Charity ¢Oll$tRtuti•D The charity is govern¢d by a const1￿ of 4 CbaTitsbl¢ Incor[m￿ organ￿ (CIO). The elwity nwc the affairs of the ¢hatity andrE)ay for that pulp￿ exucise all the of the CIO. Recrnitinemt and appoi￿1￿¢llt of new tru Th¢r¢ must be at leth three charity tnjstees. If the ttvmber falls ￿loW this roiDimun4 the reThaining tr￿Ste¢ or tn D)ay act only to Call a JDeetÈDg of th¢ charity tr• to aptxjant a n¢w cbarity tsits. The rnaxirnum number of truste¢8 is 13. Every trustee is appointed for an initial terni of thtee yea[5 by a re8olution Pa%￿d at a prowly cthjvened mceting of th¢ charity trusttts. tll 5electiDg iDdividua]s for ap￿)intMe￿ as chanty tn&f• the tsitstees must kna￿ r¢gard to skills, knowledge and expenence ne£ded for the ¢ffe£tiv¢ admi1￿51[ation ofth¢ CIO. kny &cision by charity trustc¢s must be at a meding of tht charity thtstees or by res0knti¢)n in writing or eleetronie fotm by a majwity of all of the charity trust￿￿. The board of trustce# mects on a regular basis to discws key in re]ation to the cb2ritys affairs. Th¢ trust¢¢s bave a duty to i¢Jentify and review thc risks to wbich the ao is ex￿ and to ensure approwiate controls are in place io provide reasonable agaitist fraud al￿ error. The tr￿Stee$ 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) ( l￿brIdge Sireet STATEI1ETriT OF TRUSTEES, RESPONSIBILITIES The irusiLes alL fL'spiinsiblL lor p￿parIng ihe Report ol IhL Tru￿ttS 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 aff￿r5 of the chariiv and of the inL(Iming resources and appliLJiion ol- riSoufcik InLludine thi IllCOtn¢ Jnd CXw￿l[￿re. of the chari4 lor that peti￿1. In preparing thosr linaniial.%iatemLnis. irusiees are required to LILLI sui'.abli Kcouniing ￿lleteS and ihen appl}. Ihem ￿n51￿c￿lly= obs￿rI 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) RegUl￿10￿S ?￿8 and the provisions of ihe Irusi deed. Thev are also rL%PI)nNihl¥ liir s(tlegJrtiDg Stsndard applicablc in the UK and R9￿blIC of Irelalld (FRS 102) [¢ff￿tive 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 ￿m3￿cial 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 ￿ ￿¢&s￿r￿￿11abIy. Liabilitics are recogniscd as C￿￿tIllre 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¢ t*llefits will be required ill settlement and th¢ amoutst of the oblig*ion w be r¢liably. EX￿￿1t￿r¢ 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 alloca*d to activilies oa a bASts consist￿t with the use of Taution The charity is exempt ftom tsx on its clwitable &tiviti¢& Uy￿￿trIcted 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 Sp￿lfied by the dowor WI￿ are raiscd for1wti4￿jÈ[ restricted purposcs. Furtber cxplall2tion of thenatsre 2nd pw of each fi￿d 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$t Dcc¢mt*r2022. 31st Dee¢DJkn2022. UDre8tiitted fund Donations and legaci¢s 25.220 Chxrit*blt adivities Fth alld other s Total Page 7 CODtinurAt.. N(yfES TO THE FINANCIAL STATEMENfs. FOR THE YEAR ENDED 31ST DECEMBER 2023 UDrestrieted fund ClJarit4ble *ctivrti¢s Contrjbutors and artists Equiprnenthire & o￿terialS 2,929 2,922 38.328 NET INCOMFJ(EXPENDTfUIIE) (5.423) 5.423 2023 2022 Net At 31.1123 Ati.123 ID f¥nds Unrestricted funds (5.423) 3.625 TOTAL FUNDS Incorning Resources Movement funds Unr¢8tri¢t¢d fRBds 3U37 (23.489) TOTAL FUNDS 23 489) Page 8 NOTES TO THE FINANCIAL STATEMEIIYS. eoDtinued FOR THE YEAR EI¥DED 31ST DECEMBER 21123 MOVEMENT Th FUNDS. ¢o#tityutd Comp*r*ttva fDr mov¢mtht in fu Net movement funds At 31.1122 U*rey*r1￿ General fund (5.423) (5,423) In¢omib8 Resour￿ Movemertt re4ourw expended UDresti?d¢d Generat fimd 32,￿5 (38.328) (5,423) TOTAL FUNDS 31905 38.328 5.423 RELATED PARTY DISCLOSURES Thtte no rclattd ￿ tr9nsaet1￿ for the yw ended 31st ]k¢DJber 2023. Pag¢ 9 DETAILED STATEMEpff OF FtNANCIAL ACTivfTILS FOR THE YEAR ENDED 31ST DECLMBER 2023 Period 1&12al Y¢xr Ended 31.1223 31.12.22 INCOME AND Ef4DoivMENTS DoTratiott$ #Dd leycies Donations 32537 25,220 Ch*rit*ble Film and oth¢r sale8 income Ttstal rejourcts 32.537 32.905 Ch*rit*ble #etiVAknes Equipment hire & materia]s 577 16,473 2,922 2,929 17.050 5.851 Support ¢osts Ma￿8e￿ellt 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