EDUCATION 4 CHANGE (A Charitable Incorporated Organisation} REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Charity Registration Number.. 1200684 Company Number: CE030490 EDUCATION 4 CHANGE REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2024 Contsnts Page Reference and administrative information Trustees, report Independent Examiners report Slalement of financial acliwliès Balance sheet 10 Notes lo the financial statements EDUCATION 4 CHANGE REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 JULY 2024 Trustees Joan Lansda Lando David Du PlrM)y Joanne Mackrelh-Aylett Sonalee Sarkar Régistèrèd Office Centre lor Diversity, Equality and Global Citizenship Kingsford Community School Kingsford Way London E6 5JG Accountants Da-silva and Associates Limited Chartered Certified Accounlanls 14 Farrn Cbse Essex RM10 9TX EDUCATION 4 CHANGE TRUSTEES, REPORT YEAR ENDED 31 JULY2024 The Trustees present their Tewrt together with the financial statements ol Education 4 Change IE4CI Ithe charity) for the year ended 31 July 2024. The Trustees confirm that the Annual Report and finana81 ststements of the charily comply with the currgnl slaluloryrequirements, the requirements of the ¢harity's goveming document and the provisions oflhe Stslemenl of Recommended Practi￿ ISORPI, applicable lo chartties preparing their accounts in accordance with the Financial Reporting Stsndard appI￿able in the UK and Republic of Ireland IFRS 1021 leffectwe 1 January 20191 Structur•, Gov•man¢8 and Management Education4Change was conslituled as a Charity InCO￿oIaled Organisalion by a goveming document dated 14 October 2022. Details ol the trustees and professional advSsors are shown on page 1. Trustee Appointment Pro¢e$$.' The first charity Iruslees have been selected according lo their willingness lo make a difference in terms of the objectives and activities Educalion4Change has s81 out to ddiver,. this Pro￿$$ look into account previous experience within education and community work MO￿ widely. Apart from the first charity Iwslees, every trustee musl be appointed for a term of three years by a resolution passed al a properly convened meeting of the charity Iruslees. In selecting individuals for appointment as charity Iruslees, the charity trustees rnusl have regard lo the skn'lls, knowledge and experien￿ needed for the effective adminislralion ol the CIO. Governance Arrangements: Educalion4Change is rnanaged by Iruslee rreelings., any decision may be taken eiiher al a meeting of the charity Iruslees, or by resolution In writing or electronic forni agreed by a majmty of all of the charitytruslees, which rn8y comprise eithera single document orsever81 documents containing the lexl oflhe resolution in like form lo which the majorrty of all of the charity trustees has signified their agreement. Objedives and Activities E4C's mission is to promote racial hamiony, equality, and dNersity, particularfy among children, young people, and educators. We do this by.. The promotion of anti-raasm and elimination of discrimination on the grounds of race, gender, disability, sexud orientation or religion., Working with schools lo promolg and develop education in racial hamony, equality and dNersity and anli-racism., Promoting activibes lo losler understancling btheen people from dwerse backgrounds or racial groups. Conducting or comrrissioning research on equality and diversty issue5 and publishing the results lo the public. Cultivating a sentiment in favouf ol racBI ham)ony, anti-racisrn and equality and dNersily. Main Activitie$ and Achievements: E4C provides a PDwerful prograrnrne of resourcss lfllms, lesson plans, displays, timelines, access lo archival resources. posters, assemblies, music, accredited research. reading lists. currioulurn reviewsl from EYFS lo Further Education. There are opportunities lo help educators, students and communities have the courage lo act against inequality, building understanding and ensuring every human being is valued. E4C is committed lo providing educators with the resources, ideas, training and education lo build courage and confidence lo provide an anli.racist curriculum and education and exposure to knowledge and understanding on this issue, infom)ed by research. Public Benefit: The organisation works with schools and other educational establishments who want lo obtain the training and information available on rdcial ha￿￿onY and EDI. The teachers and pupils of those schools and organisations benefit, as do the wder communities Ihal they live in. Educators who have engaged with the E4C programme will be able lo.. Develop ¢onfidence in calling out unacceptable behaviour relating to ryace or olher protected characteristics, and that which UFKlerrnines equality,. Create indusive and respectful workplaces and learning communit￿$,. Seek lo address and th¢￿e racism by embedding a diverse and inclusive approach to everyday worf( and educational practices. 4. Achievements and Perfomian EDUCATION 4 CHANGE TRUSTEES, REPORT YEAR ENDED 31 JULY 2024 During this finanual year, Education4Change has launched 'Slrength4Change' (which teachers can now start rolling out within their settingsl-, hosted our Annual Headteachers confe￿￿￿., and progressed engagement and collaboration with educational settings across the country. In addition to this, our expert leaffl of conlenl ujralors have continued to refresh E4C's Curriculum Resources Platform lo ensure teachers have amss lo the most relevant resources. Summer 2023.. Strength4Change IS4CI: A focus on mental health, wellbeing and belonglng E4C launched the Slrenglh4Change-a 6-week programme lo ￿ run in schools that provides a Spa￿ for young people lo leam more about m8ntal h8alth and discuss strategies for overcorning Challenges in a safe and irnpactful way.11 also seeks lo tackle the impact of racial traurna that rnany of our young people may be experiencing. S4C was ￿ated in partnership with CAMHS was Irialled wth secondary school pupils in 2022. Al lacilrtalors of S4C need lo be trained prior lo rolling out the programme,. and thi5 surnmer, the first training look place al Dersingham Primary School with sch￿1 leaders and ambassadors from 26 Newham sthods in attendan￿. Our E4C trainers began by eX￿aIN1￿g the scope and rationale for the programme (which focuses on destigrnatising mental health among young people and equips Ihern ￿7th the skills and confidence to talk wlh peers, teachers and family about their mental health and various factors that affect ill. Teacher facalilalors from the tsjo Schools participating in the trial (Kingsford and Dersingharnl then shared lheirexperien￿S ol running the programme, induding feedback trom pupils, offering ideas for best practice as well as drawng attention lo possible challenges ol delivering the programme. Parts'cipants were then gNen an opportunity to explore the materials related lo S4C arKI discuss the potential difficulties ol delivering the programme wthin their educational setting. All participants left wrth a deliverable action plan about how the programme would be implemented within their own setting and tailored advice from a mernber of the E4C team. The feedback was overnhelmingly positive, with participants saying that a programme like S4C is long overdue within their schools and they fell empowered and well equipped lo deliver il in the coming school ygaT. Autumn 2023.. E4C Annual Headteachers Conference | Navigating Dlfficult Conversatlons.. Israel-Pale$tlne in the Classroom In winler2023, E4C hekl its annual Headleachers ConfereTr￿, tsking as itslheme'courageous Conversation Needed Now, in ￿SpOnSe lo the growing tensions and divisions wlhin school communities around the ongoing Israel-Palestine conflict. The event was developed lo support educators navigating a deeply sensitive and polarising topic that had caused distress and disagreement among staff teams, students, and their wider communities. The Conferen￿ provided teachers with practical, thoughfful strategies for discussing the conflict in ways that pric>rilise sludenl wellbeing, critical thinking, and respect for diverse perspectives. Our keynote speaker, Mohammed Ali Amla a respected educator and representslive of the charity Solutions Not Sides shared an insighfful and impactful approach rcM)ted in conflict Tesolution, compassion and empathy. His contribub'on helped frame a constructive path forward lor schools seeking lo maintain safe, inclusive spaces while addressing complex global issues. The event was a lirnely and necessary intervention, equipping educators to handle difficult conversations with care, confidence, and compassion. SprIn￿SuMMer 2024.. Collaboration wtth Exceed Trust Academies Bradford In summer 2024, E4C slrenglhened its collaboration with Exce8d Academies Trust, a diverse family of schools in Bradford encompassing primary, secondary, and allemalive provision inslilulions. Our team visited several schools within the Twsl, engaging direcdy with headle8¢hers lo better understand the challenges they fa￿ in their diverse school communities. These conversations offered valuable insight into the day-lo-day realities ol leading indusive sch(K)Is and informed our approach lo lulure collaboration. The visit culminated in the delivery of a keynote speech al the Trust's annual conferen2E, where we explO￿d the impaclof unconscious bias and racial trauma in education. We shared practical strategies lorcrealing equitable, Iraurna.infofmed environments where all sludenls and staff feel seen, safe, and supported. This engagement has laid the groundwork for a deeper partnership and co-designed interventions planned for the 2024125 academic year. Performance Against Objectives.. Educ81ion4Change exists to promote raual hamiony, anti-racism, and equality-particular￿ among young peopl8 and educators through education. training, and comrnunity engagemenL Over the past year, we have taken rneaningful steps toward fulfilling each of our core objectives: EDUCATION 4 CHANGE TRUSTEES, REPORT YEAR ENDED 31 JULY 2024 Promotlng anti.ra¢i$m and eliminating discrimination: The launch of Strenglh4Change means that teachers across Newham are now equipped lo deliver a programme that not only addresses young people's rnental health bul explores how experiences of racism and discrimination contribute to emotional and psychological challenges. By enabling teachers lo lead this work in their own schods, we are embedding anli-raust education within everyday practice. Working with schools to advance inclusrve education: We have built long-temi partnerships with schools and trusts in Newham and beyon(￿thIS year, most notably, we have been engaging with Exceed Academies Trust, allowing us to tailor our work lo different educational contexts across the UK. These partnerships support the developrnent of whde- school approaches lo racial equity and help us scale our impact beyond individual training sessions. Fostering understanding beh¥een divers• Communities: Our annual Headleachers Conference remains a comerstone of our work, offering school leader5 the opportunity lo reflect on and respond to complex issues (such as how lo talk about the Israel-Palesline conflict within their educational settingl with empathy and professionalism. This work slrenglhens inler.community understanding within school environments and supwrts 8thfx)I stsff in managing tensions constnjctively. Contributing to public understanding through professional development.. Rather than only providing direct resour￿$. we have priorilised the upsknlling of educabrs-ensLJring they are equipped lo handle sensitive issues, challenge prejudice, and lead inclusive practice. This approach supports sustainable cultural change within schools and multiplies wr impad across communil'es. Cultlvatlng support for racial hamony and equality: AJI our activity-from strategic partnerships lo Irainlng conlenl4s grounded in the wider goal of shiftsng school culture toward inclusion, care, and justi￿. We continue lo centre the voices of Students and educators in this work, and our performance this year demonstrates meaningful progress toward systemi¢ Change. Impact Please see the feedback we collected frcim teachers attending the Strength4Change training day antl Headleachers COnfe￿n￿ below (we collect feedback dats through feedback lorns sent out to all attendees after the evenll.. E4C Strength4Change Training Feedback- Surnmer 2023 'Thank youl What else can I say? This is something that schools have needed fora very long time. You have taken sornething so deep and rnade il an approachable piece of work that we can use lo support our pupils. 'Whal a great team lo learn froml 'Really info￿aliVe and l appreciated the insight of my secondary schcol colleague" 'Well done, Claire IS4C Leadll To have created 8 document like this has had lo have had lol of planning involvedl 'The planning document looks greall. .1 feel very confident after this session" 'Thank you to the whole learn" E4C Annual Headteachers Conference Feedback- Wlnter 2023 .1 enjoyed discussing the questions and reflect'ng with different perspectwes.. 'Helpful lo have a Irarnework or starting point lor having safe and open conversations about the ongoing conflid" 'Ali was very engaging, he opened up our minds to think and answer questions about difficult statements which made me realise we need lo make this subject an open topic al our school. 'Quiz was an effective way of generakn'ng discussion would like lo see how that can be adapted lo use in, for exarn￿e. a staff meeting or INSET session. 'The info was very relevant not only about the Current Conflict bul also other conffl￿ts aroutKI the world.. 'The presentation was wonderful and helpful and insightful. I wshed t1￿ session was longer.. .1 really enjoyed the challenging questions and statements Ihal we were faced with because as edurAlors rt Is so important lo consider how language and context impacts the way our pupils see things and interpret info￿natiOn.. EDUCATION 4 CHANGE TRUSTEES, REPORT YEAR ENDED 31 JULY 2024 'Brillianl se5sionl" 'Il was very though provokn'ng and challenging.11 was a good sessions lo learn and understand the different view points and definitions that can be used in school.11 touched on how lo have supportive conversations wilhoul taking sides.. 'Thoughl provwtive and gives an insight on how to answer tough uncomfortable questions.. 'The clarity with which Ali addressed Ihings'crossing the line,, yel also the Truan￿ and level of understanding he had around the conflid.. 'Enjoyed everything111 was so thought provokn'ng. Such usefvl ways lo frame the conversations wpth parents and pupils. 'Il was very hdpful on lo deal with conversations in school whlle being balanced.. Financial Review The statement ol financial activities shows a nel loss for the year of £45012023.. £-1. Al 31 July 2024 the Charty h&1 nel liability of £45012023.. £-I, of which unr8Strictsd funds wer8 £450 d8ficil12023'. £-l and restricted funds were £-12023.' £-1. Re$er¥es Policy The trustees seek lo ensure tral a reserve lo Cover the fixed operational Costs are Maintain￿ at all limes, lo protect from unforeseen conlingenaes. Plans for Future Looking ahead, Educ81ion4Change is focused on deepening its impact and broadening its national reach. We plan lo build oll our strong foundation in BradloTd by expanding our partnership work in the area, and we are actively exploring new collaborations with schools and education services in Haringey and Lambeth, where there is growing interest from local councils. These developments ￿fleCt our strategic commitment lo working wth diverse school communities in urban areas across the UK. In the coming year, we will be launching our new ¢urri¢ulum programme, Creale4Change, which will support pupils to explore ident'ty, equality, and Justi￿ Ihrtsugh ¢￿atIVity and critical thinking. This initiative builds on our core mission by equipping educators with the tools lo deliver meaningful, inclusive learning experiences in their classrooms. Following the success of our 2023 winter conference, we will host another Headleachers, Conference in winter 2024r25, bringing together senior leaders to engage with issues of raaal justice, indusion, and community cohesion. The upcoming nferen¢e will focus on a relevant and timely theme Ihal engages direcdy with current global events, ensuring that schcKJl leaders are supported lo respond Ihoughffully to the wider social and political context affeth.ng their school communities. Finally, we are preparing lo relaunch our Curriculum Resources Plafform. taking into accounldirect feedback Irorn educ8tors about the kinds ol reSour￿S they find most useful and how they prefer lo aC￿sS them. The updated plafform wll priorilise ease of use, highquality conlenl. and clear guidance for ernbedding anti-racisrn and diversity into everyday teaching pract￿e. Together, fhese plans reflect our continued drive lo support educators and school leaders to create inclusive environments that foster ernpathy, equity, and meaningful change. From a funding perspective, we are continuing lo build long-term sustainability. We are in active discussion with Newharn Local Authorty about the conlinualion of support folbwing the £40,000 grant that enabled ourwork with ￿h[K)IS across the borough. A key part of this sustainability strategy is the development of our school subscription model, which is now being rolled out in Newham and wll be exlended to other areas. Through this model, subscribing sch(K)Is gain access lo a comprehensive package of support, including.. EDUCATION 4 CHANGE TRUSTEES, REPORT YEAR ENDED 31 JULY 2024 Use ol our Curriculurn Resources Plaffomi and all associated Tesources-, Delivery of full curriculum prograrnmes such as Creale4Change', Basiclraining for Headleachers and nominated E4C Ambassadors of subscribing schools in ourfourcore modules.. Unconscious Bias, Perception and Perspective, Raual Liier3cy, and InclusThie Curriculum Planning,. Tailored ongoing support and consultation from our expert team lo guide implenEntation, laC￿e challenges, and respond lo specific school needs. This approach ensures that our work is not only scalable bul responsive lo each school's context-embedding long-le change through continuous support, ralherlhan one-off inlervents.ons (please see more detailed info about subscription pEan and pricing in appendrx 1.1 In addition, our gro¥ving partnerships wlh Exceed Academies Twsl in Bradford and other London lor21 aulhorilies, including those in Haringey and Lambeth, will provide further income that will enable u5 to expand delivery, develop new training modules and curr￿UluM reSoUr￿s, and offer rnore targeted, hands-on advice to schools working in complex and diverse contexts. These comknned funding streams will supFort both the deepening and broadening of Educalion4Change's irnpa¢l in the years ahead. Together, these plans refiect our commitrnenl to equipping educators and school leaders with the kn￿edge, confiden￿, and tools to create school environments that are indusNe, equitable, and responsive lo the communities they serve. EDUCATION 4 CHANGE TRUSTEES, REPORT lcontinuedl YEAR ENDED 31 JULY 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Iruslees (who are also the directors of the Education 4 Change for the purp)ses of wmpany lawl are reswsible for preparing the Trustees, Report and the financial stslemenls in accordan￿ with applicable law and United Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Praclicel. Company law r￿U]reS the Iruslees lo prepare financial statements for each financial year which gnie a true and fair view of tho stale of affairs of the charitable company and of the incoming ￿SoUrceS and applicalK)n of resources, induding the income and expenditure. of the charitsble company lor that period. In preparing these financial statements the trustees are required to.. Select suitable accounllng policies and then apply them con&slendy', Observe the methods and principles in the charit￿S SORP., Make judgements and estimates Ihal are reasonable and prudent., State whether applicable UK Accounting stsndards have been followed, subject to any material departures disdosed and explained in the financial statements- Prepare the financial slalemenls on the going concem basis unless il is inappropriate lo presume Ihatlhe charflable company will continue in business The iruslees are responsible for keeping proper accounting records that disdose with reasonable accuracy al any tirne of the financial position ol the charitable Company and enable them lo ensure that the finanual statements comply wlh th8 Companies Act 2006. They are also responsible for safeguarding the 8ssels oflhe charitable companyand hence fortaking reasonable steps for the prevention and detection of fr￿d and other irregularities. In so far as we are aware.. There is no relevant audit information of which the charitable company s auditor is unaware,. and The Iruslees have taken all steps that they ought lo have taken lo make themselves aware of any relevant audit information and lo establish that the auditor is aware of that information. In preparing the Trustees Report, the Trustees, have taken advantsge of the eXeMpl￿n available to small companies and have not prepared a slralegic report. 23 Approved by rdon and signed on th￿r behalf by.. Land Chair of Trustees INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EDUCATION 4 CHANGE I report lo the trustees on my examination of the accounts ol Education 4 Change Ilhe Charity) for the year ended 31 July 2024. Responslbllities and basis of report The trustees of the organisation a￿ responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 20111'lhe Adl. They ¢onsKler that an audit is not required for this year under section144121 of the Charities Act 2011 and that an Independent Examination is needed. I report in respect of my examination of the charity's account under section 145 of the 2011 Act and in carrying out my examination I have fdlowed all the applirable Directions given by the Charity Commission under section 14515llbl of the Independent examinerfs statement I have completed my examination. I Confi￿ that no material matters have come lo my attention in connection with the examination giving me cause lo believe that in any material aspect.. accounting records were not kept in pspecl of the Charity as required by section 130 of the Act or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements conceming the form and content of the accounts Set out in the Charities (Accounts md Reports) Regulations 2008 other than any requirement that the accounts gNe a true and fair view which is not a rnatter conSide￿d as part of an independent examination. I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable proper understanding of the accounts lo be reached. Eileen Da.Silva FCCA Da-silva and Associates Limited Chartered Certified Accountants 14 Fami Close Essex RM10 9TX 24 July 2025 EDUCATION 4 CHANGE STATEMENT OF FINANCIAL ACTlVtTIES YEAR ENDED 31 July 2024 R•$tri¢ted Funds Unrestricted Funds Total Total Year •nd•d Year ended 31 July 31 July 2024 2023 2024 2024 Income No¢9$ Income from charitable octivllle$ Grant and don31ions Incollle from schLX)Is 40,000 40,000 550 Totsl in¢om• 40,000 40,550 Expenditurè Expenditure on raising fvnds Fundraising Expenditure on charitable activities Educatson 140.0001 11,0001 141,0001 Total expenditure 140,0001 11,0001 141,0001 Net Income 14501 14501 Fund balances as al 31 July 2023 14501 14501 FUND BALANCES AT 31 JULY 2024 The accompanying notes form an integral part of these financial statements. AJI aclwities are ￿ntinuIng and there are no rea￿nised gains and losses other than as shown above. EDUCATION 4 CHANGE Company No.. CE030490 BALANCE SHEET AT 31 JULY 2024 2024 2024 2023 2023 Notes CURRENT ASSETS Cash al bank and in hand 550 CREDITORS: amounts falling due within one year 11.0001 NET CURRENT ASSETS 14501 NET ASSETS 14501 Funds-. Restricted Fund Unrestricted Fund 14501 TOTAL NET UABILITIES AT 31 JULY 2024 {4501 The financial stslemenl have been prepared in accordance with the Statement ol Recommended Pracb"ce ISORPI, applicable lo charities p￿parIng their accounts in accordance with the Financial Reporting Stsndard applie2ble in the UK and Republic ol Ireland IFRS1021 leffeclive 1 January 20191. The financial stslements were approv￿ by the Trustees on 23 July 2025 oy oan Deslandes Trustee The accompanying notes fom) an integral part of these financval slalemenls. 10 EDUCATION 4 CHANGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POLICIES The principal accounting policies adopl8d, judgements and k8y 50UTces of eslirnalion uncsrtainty in the preparation of the financial slalemenls are as follows.. A¢counting Basis The financial slalements have been prepared in accordance with Accounting and Reporb'ng by Charities: Statement of Recommended Practice applicable to charities p￿parirng their accounts in aco)rdance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS1021 leffective 1 January 20191- (Charities SORP IFRS 10211, the Financial RepN)rting Standard applicable in the UK and Republic of I￿land IFRS 1021 and the Companies Act 2006. Education 4 Change meets the definition of a public benefit entity under FRS 102. Assets and liabilities are In￿allY recognIs￿ al historical cost or transath.on value unless otherwise staled in the relevant accounting policy nolelsl. These financial statements have been drawn up in the historical accounting basis. The accounts are prepared in pounds sterfing, rounded to the nearest pound. Preparation of accounts on a going concern basis The trustees consider there are no material uncertainties about the Charty's ability to continue as a going con¢em. The review ol financial position, resetves level and future plans gives Trustees confidence the charty rernains a going concem for th8 foreseeable future. Income recognition Income from grants and donations are accounted for when receNable. Grants are accounted for when the charity becomes enlilled lo the funding and donations are accounted lorwhen received. Expenditure Expenditure is recognised once there is a legal orconslwctive obligation lo make paymenttoalhird party, il is probable that setuemenl will be required, and the amount of the obligation can be measured reliably. AJI expenditure is accounted for on an aeKruals basis and has been classifi&J under headings Ihal aggregate all c051s rdaled lo that category. Irrecoverable VAT is charged against the expenditure heading for which il was accrued. EDUCATION 4 CHANGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Flxed Assets Assets are depreciated, in equal annual instalmen15, over their ecorv)mic lives al the following rates- Electronic equipment 25% Finan¢ial instrnments The charity only has financial assets and financial liabilities of a kind that qualify as basi¢ financial instruments. Basic financial inslrumenls. including trade and other debtors and creditors ar8 initially r8cognised al transaction value and subsequenly measured al their setuernent value. Cash at bank and in han(i Cash al bank and cash in hand indudes cash and short lem highly INuid investments bmlh a short maturity ol three months or less from the dale of acquisthon or opening of the deposit or similar account. Debtors Trade and other debtors are recognlsed al the settlement amount. Prepayments are valued al the amount prepald nel ol any trade discounts due. Creditors and provisions Creditors and provisions are recognised where the tharity has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third party and ￿e arnount due lo settle the obligation can be measured or eslimaled reliably. Foreign currency translation The charities ￿nCtiOnal and presentation currency is pound sterfing. Monetary assets and liabilities denominated in foreign currencies a￿ translated into slerfing al the rates of exchange ruling al the balance sheet dale. Transactions in foreign currencies are recorded al the rale wling al the dale ol the transaction. Al differences are recognis8d in Ihe Statement ol Financial Activities. Fund accounting Funds held by the charity are.. Restricted funds These are funds subject lo specffic trusts generally dedared by the donor orfunds rais￿ for a spectfic purpose. Unreslrlcted funds These a￿ general funds which can be used in accordance with the charitable objects al the diserelion of the Iruslees. 12 EDUCATION 4 CHANGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2024 1. ACCOUNTING POLICIES Icontinuedl Taxallon The aclNilies of the CIO. being a charty are exempl from income tax and corporation tsx. The CIO is not ￿gIStered for Value Added Ta￿. Expenditure in these financigl slalernents is therefore shown inclusive of Value Added Tax suffered. LEGAL STATUS Education 4 Change is a Charitable Incorwraled Organisalion, limited by guarantee and has no share Capital. The members have no liability to contribute lo ils a&sels and fK) personal responsibility for setlling ts debts and liabilities in the event of a winding up. 3. INCOME Year Ended 31 July 2024 Year Ended 31 July 2023 UK Income Icharitsblo aclivitlo81 Unrestrl¢tgd funds Grants and Don8lions Restrlcted funds Grants and Donalions Local authrity 40,000 40,000 EXPENDrruRE Direct Costs Support Costs Total 2024 al Analysis of total expenditure Charitable activities Unrestri¢ted funds Education 1,000 1,000 Re51rictgd funds Education 34,809 5,191 40,000 Total expenditure 2024 34.809 6,191 41,000 Total expenditlrre 2023 EDUCATION 4 CHANGE NOTES TO THE FINANCIAL STATEMENTS Icontiftuedl 13 YEAR ENDED 31 JULY 2024 EXPENDITURE Icontinuedl bl Analysis of support costs Admin Costs PublicityllT Travel Go¥ernon¢e T¢)tal Unrestri¢tsd lunds Education 1,000 1,000 Restricted funds Education 1,289 3.061 5,191 Total support Costs 2024 1,289 3,061 1,000 6,191 Total support C0515 2023 Year Ended 31 July 2024 Year Ended 31 July 2023 5. NET INCOME Nel income is staled after charging.. Independent Examiners fee 1.000 STAFF EMPLOYMENT No staff were employed during the year 202412023.. nill. The Iruslees are the key managernenl ol the ¢harily. No Iruslee re￿iVed any remuneration or reimbursement of expenses12023.' Nil) in connection with work carried out in perfomiance of their duties. EDUCATION 4 CHANGE NOTES TO THE FINANCIAL STATEMENTS Icontinuedl 14 YEAR ENDED 31 JULY 2024 CREDITORS.. (lue whhln one year 31 July 2024 31 July 2023 Other creditors and accruals 1,000 1.000 FUNDS Movement in funds Balance at 1Aug 2023 Balance at 31 July 2024 Income Expen(Ilture Transfers Unrestrlcted Fund 550 11,0001 14501 Restricted Fund5 40,OCK) 140,0001 40,550 141.0001 {4501 RELATED PARTY TRANSACTIONS There were no related party ImnsactSons wlh individuals ortrustses during the year12023'. Nill. 15