2024-12-31-accounts

sdc society of dyers and colourists The Societ of D ers & Colourists SDC Annual Re ort& Financial Statements For the Year ended 31st December 2024 Charity Number 212331 Royal Charter Number RC000567

sdc Society OF dyers and colourists The Socie 2024 Annual Re ers & Colourists ort & Financial statements Contents Foreword by SDC Chief Executive O￿lCer... Society of Dyers and Colourists Annual Report.............................. Honorary Officers........................................................................ .......................-...... Trustees during 2024. Co-opted Board Members............................-.........-..............-................................... ....... ..... ... .. Chief Executive Officer...... Principal Office.... Auditors.... Bankers..................... Investment Managers...................................-.-............................................................... Governance..........-...................................................................-...-.........-........................... Charitable Objectives. Structure and Governance.. SDC Performance................... ... .......-......... ................................ .. . The SDC Trading Companles.... .10 Charity Financial Artivitv............................-..........-...-........-.-............ .12 Environmental, Sotial and Governance Report.......................................................-....................15 Reserves Poliry..... ,16 Projert development 2024 . .17 Review of Activf(ies...................... ...................................... Investment Policy...... SDC Strategy 2025-2027................................-....-...............-.....-..-.............................. - .-........... . -28 Fundiaising.......-...-...................... .30 Risk Asses5rnent.. .30 Human Resources and Equality, Diversity and Discrimination Policy.....................................-...-.30 Data securitv........-.................-............................................ ..30 .31 ,17 .27 Health and Safetv.. UK Pension Auto-enrolment..... .. Remuneration Policv.-...... .31 ..31 .31

sdc society OF dyers and Colo￿liStS The socie 2024 Annual Re ofD er5 & Colourists ort & Financial Statements For•woid by SDC Chief Execiitive Otficer The year 2024 wa5 a significant one for the Society in that it heralded the 140 Year Anniversary of the Society's formation in 1884. The year therefore included additional significant events with an International Conference held in Manchester in June 2024, the SDC hosting the D es in Histor and Archaeolo DHA43 in Leeds in October 2024 as well as the 2 UK Technical Conference Isee The Colourist report also) in Bradford, also in October 2024. The Society was also closely involved with the Biocolours 2024 Conlerence held in Finland which Dr Antony Morton from the SDC Staff attended. This meant the Society's reach and engagement with individuals, members and non-members, was greatly enhanced. The International Desi n Com etition and Global Colourist Award also en$￿￿d growing engagement around the globe. nd The impacts of the promotion and delivery of these events included a greater awarene55 of the Society resulting in an arresting of the decline in Membership number5. Management of membership subscriptions is now mole dynamic and able to report in real time more than ever before, ensuring issues with renewals are addressed much sooner, thus retaining members. In 2025 onwards a key SDC strategic aim is to grow the membership communitv, for which we also require the enthusiasm of all current members. Society finances were under substantial demand in 2024, not only for anniversary year events, but also to ensure the upkeep of Perkin House following several years of challenges in being able to engage Maintenance componies. The year also saw large price increases in many areas, a situation intensified by the need to undertake one off repairs due to weather damage to the Perkin House flat and pitched roofs, roof mounted air handling system 3nd the replacement of aged and rotting wooden doors and frames. Thankfully many of these costs are a one off cost and leave Perkin House in a better condition for the future. The year a150 saw the agreement by the Society's Board on the SDC Strategy for the next 4 years See the SDC Slraregy 2025-2027 section in this AnnLtal Report on this, as It is so important for the future. Work on the Societ(s Royal Charter, By-laws and Rules was regrettably not as progressive as had been hoped during 2024, primarily due to the now small number of core SDC staff being fully occupied in the 140, Anniversary year. This work is to be progressed in 2025 and has not ceased. 2024 also Saw the start of the SDCTextile Collection- a curation and cataloguing of the many items held by the Society. These are being made available online and especially in person to our Educational Provider members. as a component of their membership 5ub5cription. The Textile Collection is being developed with a long-term view of engagement opportunities both locally, nationally and internationally as well as creating a new member benefit. The items discovered have been fascinatlng, from original letters by Sir William Henry Perkin, Greville Williams and GG Stokes, to a Japanese Stroll in a presentètion box (now translated), Smiths Practical Dyers Guide, many items from Yorkshire Chemicals Co Ltd and a 1915 edition of the Atlas of the Munsell Color System. Indeed, it is a living reminder of the heritage of the SDC, the heritage of colour and a valuable resource for the future users of colour.

sdc Society OF dyers and colourists The Sotie 2024 Annual Re ol o ers & Colourists ort & Financial statements In 2025 we will see more engagement with SDC members and non-member5 and at new locations. The Society will be attending the ITMA Asia event in Singapore in October 2025, which will coincide with the International Oe5ign Competition final in Singapore. The AGM in 2025 will take place at the University of Huddersfield. The SDC has also taken the decision to move the Annual Awards Ceremony and Day of Celebration to a new venue and location, with the event taking place in Chester, UK in November. We hope these new locations provide new opportunities for people to attend these events and new formats to add to the occasions. I look forward to meeting many new, a5 well os familiar, faces. 2025 will a150 see the conclusion of a specific project spear headed by the SDC President Susan Kay-williams, who has been keen for the SDC to prodL*ce è set of colour activities for school children to promote the 'Sht7ring of knowledge ond stimulating interest in colour,. President's Working Party was set up in 2024 and involved over 30 volunteers from several countries to shape the concept and produce the worksheet5 and instructions. Progress is now at the stage where the colour educational material is being finalised and costed, such that a number of boxed kits can be made available to schools, initially in the UK and funded with sponsorships. This is a key revitalisation of SDC work with school aged children to promote colour in the much wider sense than simply textiles, although they are included, and one which it is hoped will enthuse the Colourists of the future, Dr Graham Clayton, Chief Executive Officer. NB knnks In the abtrve lexi are to aflicles with more detailed Information. 5orne links may ￿quire a rurrent SDC Meffjber5hip ￿b5¢r19t1On and lor you tts be IDgged itito the SDC Members areo ofthe 50( website.

sdc iociety Df dyer5 and colourists The Socie 2024 Annual Re ers & Colourists ort & Financial Statements Society of Dyers and Colourists Annual Report The Society's Board 15 comprised of nine elected trustee5 from amongst rts Voting Member population. SDC Honorary Officer5 and the Chief Executive Officer, together with any co-opted Board member5, who present their report together with the finaricial statements of the charity for the year ended 3 1 December 2024. The Board are of the view that the funds and a55ets have been prudently managed and effectively applied durinE the ye3r, solely in furtherance of the objectives described in the SDC Governance document5 and reproduced below. Financial perforfflance is continually under feview against these. The Board a¥e satisfied that the financial policies and plans presently being applied are relevant, appropriate, and adequate to support and sustain the charitable activities of the SDC. Honorary Officers President President Immediate Past President Immediate Past President President Elect Honorary Secretary Chris Carr lappointed AGM 2023 to AGM 20241 Susan Kay-williams (appointed AGM 2024 to AGM 20251 Ullhas Nimkar Ifrom AGM 2023 to AGM 20241 Chri5 Carr Ifrom AGM 2024 to AGM 20251 Stuart Wilkin50n lappointed AGM 20241 Stuart Wilkinson lappointed AGM 2018 until AGM 2021 and re- appointed AGM 2021 until AGM 20241 Vien Cheung lappointed AGM 2024 until AGM 20271 Michael Catterall lappointed AGM 2021 to 2024 and re- appointed AGM 2024 until AGM 2027 Honorary Secretary Hunorary Trea5tsrer Trustees during 2024 Ela Dedhia - appointed at the AGM 2022 and retires AGM 2025 Eamon Furey- appointed al the AGM 2022 3nd retires AGM 2025. Parik Goswami- appointed at the AGM 2020 and re-appointed AGM 2023 until AGM 2026. Llnda Hodgson- appointed at the AGM 2023 until AGM 2026. lan Lewis- appointed AGM 2024 INB lan retired by rotation AGM 2020 and wa5 re-appointed until AGM 2023 but then stood down for a year before re-election). Siva Partti- appointed at the AGM 2022 and retires AGM 2025. Adam Pursell- appointed at the AGM 2023 and retires AGM 2026. Paul Santohki- appointed at the AGM 2022 and retires AGM 2025 Gavin Thatcher- appointed at the AGM 2018 and re-appointed AGM 2021 Lntil AGM 2024 Katherine Wells- appointed at the AGM 2020 and re-appointed AGM 2023 until AGM 2026. "Denotes the nine irustees on the Socievs Board post AGM 2024 Co-opted Board Members Paul Harnilton was appointed Vice-President IProjetts1 at the AGM 2022 and wa5 re-appointed at AGM 2024 for a further year. Chief Executive Officer Graham Clayton Principal Office Perkin House, Longlands Street, Bradford, BDI 2LU

sdc gociety OF dyefs and colourists The Socie 2024 Annual Re ers & Colouri5ts ort & Firbancial Statements Auditors Thomas Coombs, 3365 The Pentagon, Century Way, Thorpe Park, Leeds, Yorkshire, L515 SZB Bankers National Westminster Bank plc, l Market Street, Bradford, BDI IEG Investmeni Managers 8rewin Dolphin Securities Limited. 10 Wellinglon Place, Leed5, LSI 4AN Governance The SDC is a charitable body, incorporated by Royal Charter IRC0005671 with the governing documents being the Royal Charter119631 with Amendments. By-laws{2￿9> and Rules12012 as amended 2014. 2015, 2016, 2017, 2018 & 20191. These documents are availablefor public access on Ihe SDC website. Charitable Objectives The SDC was established in 1884 to advance the science of colour. The 5DC achieves thi5 aim by global dissemination of colour knowledge to members, industry and the public, via publTrcations of scientific papers, lectures arid electronic media. The charitable objective5 are contained wtihln the Ro Charier of 1963 and are: al To promote the advancement of technology both in the theory and in the practice of the creation and use ol colour and colouring matters bl To provide means for the wider dSsseminatioTh and interchange of knowledge concerning the science and technology of colour and colouring malter5 including knowledge of the application to substrates and of the materials to which they may be applied cl To encourage education and research in a51 and any 5ubject5 concerned wrth the Science of colour dl To hold meetings for the reading of papers and glvlng of lertures on coloration and colouring matters and for discussion of the safne el To publish scientific literature and a journal forthe promotion and correlation of knowledge of the Science of colour n To initiate and stimulate research and education in the interests of coioration in all aspects of human life gl To co-operate with other scientific organisations and bodies in relation to colour and its application and use hl To acouire by purtha5e, devise, beouest, dc>nation or otherwise lands and heredStaments of any description and tenure and to accept any 8ift, endowment or bequest and the office of trustee and to carry out any trusts attached to any such gift, endowment or bequest or attached to such office il To do all such lawful thing5 as afe incidental or conducive to the attainment of the above objects or any of them. Structure and Governance The Society's Board is the Governing Body of the Charity with up lo nine trustees elected from among the Voting Member5 of the Society by the Voting Members IRule 1011. The Chief Executlve Officer, the HonDrary Treasure¥ and the Honorary Secretary are also entitled to attend meetings of the Board (By-law 36.21, which may also co-opt a maximum of three members (Rule 104 & B y-law 36.21. Only trLtstees take part in any vote of the Board. a quorum of which is 50% of the voting mernbers on the Societws Board lie trustee51, rounded up to the nearest whole number, present elther in person or electronically in real time (Rule IISI. The Audit Committee comprises IBy-law 371 the Honorary sec￿tary, the Honorary Treasurer. the President, the President Elect, the Immediate P8st p￿sideNt and four elected Voting membe￿ of the

sdc 50ciely of dyers colourists The Socse 2024 Annual Re ers & Colourists ort & Financial Statements SocFety (Rule 1251. It reports to the Society's 803rd and monitors leEal compliance of all actkvlties related to the Royal Charter, By-law5, 5DC Rule5, agreed policies and slrategies. The Nominations Committee IBy-law 38 & Rule 1261 comprises thè Chaii of the Societ<s Boaid, the Honorary Secretary, the Honorary Treasurer and Voting Member5 representing UK membeTS, membÈrs from outside the UK, the Committees and the Regions. The Nominations Committee also ensures ihe procedure for the appointment of Trustees, Honorary Officers and members of the Audit nd Nominations Committees is rigorous and transparent (Rule 1261. The finances of the SDC are ihe responsibility of the Society'5 Board (Rule 471 and the Board appoints Finarice Commitiee, chaired by the Honorary Treasurer, to manage the Society'5 finances (Rule 481. The composltion of the Finance Committee and its appointment 15 made annually by the SocietV5 Board (Rule 491 at their first fyll meeting after the AGM. The SDC'5 Other committees report to the Society's Board and the Chief Executive Officer and develop, dlrect monitor the charbtv's artivities in actordance with its, Charitable Objeitives and Strategic Plan. The SDC'S day-to-day operational activrty is managed by ihe chief Executive Officer with a complemènt of appropriately skilled staff and external service providers under the CEO'S management. The Society's Board are advised of theiT responsibilities under charrty and company law, the requirements of the Royal Charter, By-laws and SDC Rules. Formal training of the Board members. Audit ComrHttteE, Nominations Committee and those standing for election Is made available at least annually, wfch attendance recorded. This training is delivered by expert5 Ill their field who also have wide experience in the charity sector. In 2020 the move was made to make this available via the SDC main website and three new Governance training 5e5510n5 were held in 2023, with the recordings available for members of the Board, Audil and Finance Committees online. Goveman¢e Review A Governance Task Group Working Party of the SOC Audit Committee has spent some considerable time examining the SDC Royal Charter, By-law5 and Rule5. The Working Party was formed by the SDC Audlt Committee in December 2020 and concluded its work, reporting to a meeling of the SDC Audit Committee, in February 2024. Three fully revised Goveining documents have been drafted by the Society's legal advisors. These documents are still beirig cross checked and proofread and will then be presented lo the Society's Board and, if actepted, communicated at many opportunlties to SDC Members before being taken to a specific General Meeting of SDC Voting Members for final approval following which the Royal Charter and By-laws will be submitted to the Privy Council for their approval. The process is regrettably taking longer than anticipated due to available staff time to undertake the administrative work particularly in the SDC'5 140 Anniversary year. It is however still in proce55 and work will be an area of focus in 2025. SDC Committees The following commSttees comprise the SDC Governance bodies.. The Society's BDard - Chair Gavin Thatcher until AGM 2024 and thereafter Chair lan Lewls. In 2024 the Society's 8oard met on 7 occasion518 in 20231.

sdc society of dyers and colouri5t5 The 50¢ie 2024 Annual Re ofD ers & Colourists ort & Financial Statements Audit Committee- Charr Stuart Wilkinson until AGM 2024 then Chair Vien Cheung. In 2024 the Audit Committee met on 5 occasian513 in 20231 plus a joint meetlng wtth the Finance Committee to review the Annual Accounts. Finance Commsttee Chair Michael Calterall. In 2024 the Finance Commlttee met on 3 occasions12 in 20231 plus a joint meeting with the Audii Committee to review the Annual Accounts. Nominations Committee - Chair Stuart Wilkin50n, In 2024 the Nominations Commlttee met on l occ3sion11 in 20231. Medals CommÉttee - Chair Vien Cheung. In 2024 the Medals committÈe met on 3 occasions 13 in 20231 Elaminations, Qualifications and Accreditation Board Chair Stephen Westland. In 2024 E(IAB met on 3 occasions13 in 20231 plus an examination board meeting. Publications Committee- Chair John Easton to end March 2024. A new Chair is being 50ught and a number of expressions of interest have been recelved that are being considered by the Publications Committee in 2025. In 2024 the Publications Comrnitlee met on 2 occasions12 in 20231. Publications Award Comrnittee- Chaired at their single 2024 meeting leach year there is just one meeting of the PulJlication5 Awards Commrtteel by Oavid Lewis. Thi5 committee reviews all papers published in the year by Colorr3tion Technology resulting in a single meeting with a huge amoupt of preparation in reading every paper PL*blished that year. Colour IndeK Pigmenl and Solvent Dyes Technical Board. Chair Adrian Abel. In 2024 the CIPSDTB met 3 occasions13 in 20231. It is very much appreciated, and here recOg￿lSed, that these committees operate due to the substantial input of volunteer5. The number of committee meetings bbove concea15 the duration ot the volunteer input. with P￿paration as well a5 the meetings themsefves, AII 5DC Committees meet within Microsoft Teams. This means there is a single committee meetlng place and depository of Agendas, meeting papers and Minutes for each meeting and futLtre reference. There are several meastjres that could be used to report volunteer input to the Society, but which all generalise the volunteer input to 50rne extent. The number of volunteer5 on committees alone conceals ihe fact that more than a few volunleers are on several different committee5. The SDC website lists all SDC Staff and all SDC Committee member5191 ID total in 2024 as in 2023135 one Team (with the ability to filter by committee) which is appropriate, as it 15 the whole leèm of staff and voILsn1ee￿ who deliver the Stsclety's activity and Impact, This narrative on volunteer Input has also thus far erroneously focused on the main SDC Governan Committees and coverage here would not be complete without a150 irycluding the regional voluntee15 who manage thelr Region and arrange and deliver reglonal events. Such volunteer5 are typicallv exceedingly rich in experience whilst also extremely welcoming of new and early career volunteer5, The committees of regions are now also listed on the SDC website under 'About Us, and 'The Team, as they do form part ofthe whole SDCTeam. A conservatNe estim3te of the combined hours of volunteer input of the above just in artual meetlngs is over 1,500 hours per annum, or around 40 person weeks of work. This estimate does not include prèparation time which will vary by volunteer role, but it 15 quite probable that the volunteer Input time could be two or three times the conservative estimate.

sdc Soiieiy ol dytrs and colourists The Sorie 2024 Annual Re ofD ers & Colourists ort & Financial Statements Regional AGMS The Society's Rvle 55 states that.. "Regions, or student Section, where it hos no parent Region, 5holl submlt a 5tutement of uccounts ro the Chief Executive Offlcer ot leost one week before the Society 5 Annuol General Meeting. These will be presented to the Society'5 boord ot thefir5t meetin9 ofter the Annuol Generol Meeting." This had not been adhered to for many years, but the Governance of the society is ensuring success in Eetting ihi5 schedule reinstated. Region5 have held their own AGMS and provided a Statement of Accounts but at different times across the year. In 2024 the UK region5 will 311 have held their AGM5 ahead of the main SDC AGM, as will have many international regions. SDC Performance Mission Educating the world in the science of colour. Objectives The objectives of the SDC for 2024 were to- 11 To Educute in the field of colour and the science of coloration 21 To ColloborDte wlth SDC members and the wider colouf communlty, whllst developing the SDC Communities for the SDC futtsre world. 31 To Include all staff, members, collaborators and interested parties as appropriate in the SDC Colour Educotion and the 50C Communitie5 41 To Incre(7se the reach of the SDC to tleliver its, services to a wide Colourand Educotion Community globally 51 To Build and del¢ver a sustainable bu5ine5s model that ensures the fvttsre availabi1Sly of SOC resources. The Objectives of the Society are reviewed annually. Informed by ongoing Governance Training, the Society Objectives for the year are kept in agreement with the Royal Charter Objectives. In 2024 the Society'5 Board also concluded and approved a new 5DC Strategy for the coming years- see a 5ep3rate sectioft below specifically on the SDC Strategy. Public benefit The SDC public benefit arlses from a wide range of events and attivities provided forthe public to gain greater knowledge through education in ihe science of colour- The SDC webslte and associated Digital Archive (now with 4.900 item51 grew across 2024. Some content is only avallable lo currenl members, with some content available to all. BLtrsaries and grants have been awarded and the Glob31 Colourist Award introduced in 2023 was continued into 2024 and beyond, Lecture5, seminars / webinars and conference presentations on colour. The SDC now has a list of all webinar reeordin s available online which number 52138 in 20231. These are available free of charge to members and at a nomin31 charge to non-mernber5. In addition,

sdc society of dyers and colourists The Socie 2024 Annual Re Èrs & Colourists ort & Financial Statements in 2024 the SDC held or attended è number of conferences (see Introdurtion at the start of this Annual Report). Colour traininE courses- these courses take place internationally delivered by SDC staff and agreed partners Colour products such as the STEM Science Technolo ineewin & Mathematics klt are available, Due to increased export controls this is now only available to UK customers due to the administration involved in overseas shipment of chemicals. Provision of the Secretariat to the BSI IBritish Standards Institutionl Technical Committee, TCI 81, for Colour fastness and coloLrr measurement Of textiles, thus supporting all industries for colour and textiles. Supporting the provislon of the Secretariat for the International Standard5 Organisation Technical Committee, ISO TC 38 scl, for Coloured textiles and Colorants, for global standardisatlon. The SDC also has representation on sevefal other international technical committees relating to colour. The SDC provides benefit to both the pvblic and to its, members. The Society's Board confirm that they have referred to the guidance contained in the Charity Commisgion's general guidance on public benefit when reviewtng the charity's aims and obieclThies and in planning future activitie5. The public benefit ha5 also been a feattsre of trustee ènd interested party training on governance provided by a charity governance lawyer. The SDC Trad￿￿8 Companies SDC Enterprises Group Ltd NOTES TO 50CIETYTRU5TEE5 FOR THE SOCIEfY's FINANCIAL STATEMENTS 2024 The consolidated results of SDC Enterprise5 Group rbow incorporate Northern Dyers INDI alongside 5DCE Enterprises Limited ISDCEI and Sam Weller & Sons Limited ISWI. Revenue for the period grew at both SDCE and SW, combined with the addttion of ND, grovp revenue increased by 16%. UK trade remained depressed, with the difficuli trading conditions mDtivating some customèrs to replate domestic sovrcing with an increase in cheap imports. Growth in exports compen5aled for this, however, 5055 of a domestic base is concerning and ihcrease5 group vulnerability to fluctuations in Snternational trade. Significant investment in renovating part of the Spinksmire Mill site allowed additional group operations to be transferred to the site. This expanded the manufacturing capacity of those operations, whilst reducing congestion and improving sales logistics al Pickwick Mill. Further, high value, investments, in renovations and new building, planned from 2025 to 2028, will allow the full relocation of the entire group. The additional space will provide the group with numerous opportunities for growth, including-. intercompany processin& vertical integration, and the capacitv for organic growth. The Directors acknowledge that re-invesling circa 55% of gross profit5. w511 restrict the growth in gift-aid, however, investinent in assets of long-term value, funded from profit, not borrowtn& is judged to be prudent for the aroup, and its Shareholder. The new funding formula. developed in cooperation with the Sociely s Hon. Trea5uref, led to an increase Gift Aid to the Society of 9%. Valued at £600,00012024 E550,0001 gtft-aid from SDCE rema*ns the single largest source of income for the Society, representinE 69 % of the Society'5 total income lexcluding rev8luationsl. io

The Society of Dyers & Colourists 2024 Annual Report & Financial Statements

The Society’s total equity in SDCE Group has grown substantially during the period, with shareholder funds standing at £8.3 million (2023, £7.7million) versus the Society’s total investment of £445,600. Cash return on this total investment for the period was 135%.

Since starting to trade, in July 2002, SDCE have delivered in excess of £14.3 million in cash to the Society, plus capital growth of over £ 7. 8 million.

Using the cash return plus capital growth per year, divided by shareholders funds at the start of the year (the preferred measure of ROI, as stated by the Society), Enterprises ROI for the period was £0.6 million + £0. 6 million divided by £7.7 million = 15.5 %. Using this measure, the average annual return is 163%.

The Directors are confident that the implementation of the commercial and investment strategies, as agreed with the Society Trustee Board, is delivering sustainable business operations and long-term asset growth for the Society. Utilising retained profit to fund the increased demand for working capital, and to minimise the requirement for borrowing, is enhancing the Society’s shareholding value in a financially efficient and prudent way.

Mark Yare April 2025

SDC International Ltd

The SDC wholly owned company, SDC International Ltd is UK based and has Directors appointed by The Society’s Board who are the post holders of the roles of Honorary Treasurer, CEO and ASEAN Region Manager. Activity in India, Bangladesh, Sri Lanka is through SDC International India pvt Ltd (SDCIIL), a company registered in India (for Indian tax purposes).

Following multiple setbacks due to Covid and political unrest in Bangladesh, SDC International Ltd through SDCIIL, gained traction on activities in 2024. In late January a conference was held in Bangalore, India on “Pioneering Sustainabiluty: Next-Generation Strategies and Innovations in the Textile Industry”. SDCIIL also was an invited guest at a British High Commission event in February 2024, an event which has opened several opportunities. This included another day of meetings with top authorities in the Indian Government in October 2024.

In February SDCIIL coordinated and held a meeting of SDC Members from several international brands in Sri Lanka. Bharat Tex, India’s largest textile exhibition, was visited in February 2024 – a move that ultimately lead to SDCIIL being an organiser of the same event in February 2025 which Andrew Filarowski from the SDC also attended as a subsidised guest of the organisers and gave a number of presentations at other institutes whilst in India.

In March 2024 SDCIIL came to the UK with several Indian company heads and gave presentations at an event held at Perkin House and attended the SDC Manchester International Conference in June.

In May 2024 SDCIIL held a reception in Dhaka at The Sheraton Hotel to celebrate 140 years of the SDC with a number of SDC members and interested individuals.

In September 2024 SDCIIL held a series of presentations at BMN College in Mumbai to a large number of students and staff.

September 2024 also saw SDCIIL set up a Joint Committee on Natural Dyes and Biobased Auxiliaries, which is open to anyone worldwide and has Key Objectives of: Promotion of research and development in natural dyes and biobased auxiliaries; Facilitate knowledge exchange and

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sdc society ot dyefs and colourist5 The Soci 2024 Annual Re ers & Colourists ort & Financial St•tements collaburation among stakeholders- Development of guidelines and standards for the yse of sustainable materials and.. to Advocate for polity changes to support the adoption of eco-friendly practices. It's first meeting was held in person and online in October 2024. November 2024 saw SDCIIL participate in 'Automation and Robotics in the Textile Apparel Industry bv the Textile Association of India. 2024 wa5 rounded Dff by SDCIIL £ommÈncing courses on Artificial Intelli8ence in Textiles which were very well received and are planned to be repeateLI. InDyeChem 2025 is a 3-day exhibition co-organised by SDCIIL and Worldex India Exhibition & Pronlolion pvt Lid in Colombo, Sri Lanka in August 2025, An exhibition entitled C3M Icolorants, Chemicals, Compliance & Machinery) is now scheduled over three days in September 2025 havinB been postponed seweral times due to unrest in Bangladesh especially in July & August 2024. Hence. 2024 Saw 5DC International activity commence In earnest through SOCIIL and with many plans made for 2025. Financially it is expected that the SDC will See an income Stream commence fro SDCIIL through SDC Internatlonal in 2025 therefore. Charity Financial Activity The 5ocietY'5 Board monitor the finantial octlvities of the charity via the Flnance Committee and SDC Management Accounts. The Finance Committee and SocietV'5 Board take appropriate action as necessary, Investments The support of 5DC International Ltd in India has been over an extended period and frustrated bv Covid arid polFtical unresi when events were scheduled for Bangladesh Isee 50C International Spec￿1£ report above). The return on this support has therefore been delayed and slow. In 2025 though there are three exhibitions taking place (Bharat Tex in Mumbai; C3MFT in Dhaka, BanEladesh- InDyChem in Colombo, Sri Lankal which will yield returns to the Society. A provision has been plated in the accounts for a proportion of this debt given the turmoil in world trade, but the Society expects each exhibition to be successful and profitable with return to the Sotietv. The investments managed by Brewin Dolphin come under their specific charity teaffj and the SDC portfolio will typically hève 55% exposed to equities, 26.5% to fixed interest, 14% to alternative investments and 4.5% to cash. The portfolio, which is managed at Risk Category 5, is likely to have moderate market volatility. The Charity's inveslment a55ets are invested in line wlth its aims. The Investment Managers are aware that ihe Trijstees do not wish to adopt an exclusionary polity, but individual investments may be excluded if perceived to conflict wrth the Charlty's purpose. The investment objective of the SDC with Brewin Dolphin managed funds ￿MaInS unchanged: Yhe tru5tee5 view the portfolio over the long-term ond see the portfolio os providing o 'sofety net, ogoinst ony uftforeseen costs. With rhot in mind rhe trustees are concerned with growlng the invested ossets ohet7d of inflotion so thot rhey retain their rEoI buying power. 12

sdc 50ciely of dver5 and colouii5Ls The Socie 2024 Annual Re ers & Colourists ort & Financial Statements The trustees would olso like the portfolio to produce an income to QSSi5t in the smoothing of the charitles onnutsl cush flow.. Net losses on Brewin Dolphin managed investments in 2022 wa5 £139,087 which turned to modest gains of £41,348 in 2023. In 2024 Such Investments saw marginally higher gains of £44,507. Quoted investments at market value, plus cash held associated with those investments, overall fell £62.262 in 2024 Icl a ¥ise of £35.060 in 20231 although this include5 the movement of £l(]O.000 from investments to the general tund to support Society cashflow Ihence before w¢thdrawals Investments rose £37,738). The total value of Brewin Dolphin managed invèstments and cash on 31" December 2024 was £913,435. In addition, in 2024 these investments realised dividends of £25,101 INote 61 d £26.624 in 2023. The audit requirernent for the annual revaluation of the Perkin House asset, the outcome of which 15 based on market prices, produced no change this past year. In 2022 the total value of Perkin House was as5es5ed to be £l.000,000, with £360,000 of that in the investment li,e. rented or immediatelv renlablel part ol the building. By the end of 2023 the total value of Perkin House was Eiven as £1.039,721, hence 3 4% annual growth in total value of the building asset, whilst the 2024 valuation was given as £1,000,000. Perkin House rental income has risen from mid-2015, with rental inc¢Jme to the 5DC rising to £91,471 in 2024 fiom £81,741 in 2023. Hence rental income was up 12% again on 2023. The Investment portion ol the Perkin House value above is given as £320,866 at 31" December 2024, making rental income 8 28% Return on Investment. The largest SDC investment is in SDC Enterprises Group Ltd, the wholly owned subsidlary of the SDC Charity. The investment value of SDC ETrterpri5e5 Lrd has, for many years, been given in the annual accounts as £445,600 and this has not changed. SDC Shareholder funds in SDC Enterprises Group Lid now are at £8,320,707 (Note 18 Net assets of trading subsidiaries). In 2024 the Charity received from SDC Enterprises Group Ltd Licence Fee of £0 plus Gift Aid 3t £601,680. This equates to 7% of shareholder funds. Charity Fin•noal Actiwtv Over the year 2024 the Charity's net downward movement ol all fund5 was greater than 2023. being £320.605 lower 2024 vs 2023 Id£106.642 lower 2023 vs 2022 & £207,298 lower in 2022 cf 20211. There are several sources of such a sizeable downward rnovement. Expenditure on Raising Funds INote 8 in the Accounts) was up £24.268 on prior year, primarily due to Investment Property lie Perkin House) costs which overall rose £20,788 in 2024. Essential replacement of wind damaged insulation of the air handling System located on the roof of the Perkin Suite cost £12,379, although with the oLItcotne of secure insulation ènstsring more efficient running efficiency of the air handling system. Storm damage to roof tiles on another part of Perkin House netessitated the erection of 5caffoldlng to ieplète damaged tiles and ensure Perkin House avoided further wind damage and remained weatherproof at a c05t of £11,413. The flat roof abovethe Perkin Suite and gL¢tters around the atrium also developed water leaks and hence necessitated repairs costing £8,030. These one-off costs were in part within the budget for property maintenance but accumulated to more than forecast in the 2024 budget, whilst ensure the investment property of Perkin House is in good condition lor the fulure.

sdc society OF dyers and colourists The Socie 2024 Annual Re fD ers & Colourists ort & Financial Statements Expenditure on charitable activities wa5 31s0 higher in 2024, up by £252,366 cf prior year. Note g covers the detail of this increase where it can be seen that sizeable rises were experienced in Salary Costs, Operational costs, Conference costs. irrecoverable VAT, a provisitsn for the recoverability of Costs in India/Bangladesh, along with some rises in production costs of The Colovrist and dèlivery of Bookkeeping services, A major proportion of these expenditure increases were due to utilisation of the Unfunded Projerts Reserve (which fell from £249,583 at the start of 2024 to £127.030 by year endl. This fund is specifically used by the Projects Evalualion Group in support of specific Societv projects which in 2024 included the SDC Textile Archive Projert (costs included staff and hardware), the lune 2024 International Conference in Manchester, the Ottober DHA43 Conference in Leeds as well a5 the October UK Dyers Conference in Bradford. The increases in operational cost5 include utilities usage within Perkin HoLSSe. Elettricfjty costs have risen for everyone over recent years, and It has been calculated that in 2024 whi151 Perkin House electricity consumption had only risen 7.5% over 2 years, the costs of that electricity had risen 122%1 Fortunately, market Prices have now lowered 50 renewal of electricity contract undertaken in February 2025 Should result in a £20,000 reduction in bills for identical energy usage. VAT for the Society is a complex issue as recovery is necessary via partial exemption calculations. This results in the ￿ClaiM not simply of the standard 20% VAT but a proportion of that based on the amount of 20%, 0% and Èxempt VAT items. These determine the ratio of VA T that Can be reclaimed, and this 15 calculated quarterly land adjusted annually to ensure a correct annual proportionl. The Auditors are examining this in detail to ensure the society is optimized as far as VAT recovery is concerned and it is considered that the increase in 2024 is due to income from SDC Enterprises being fully in the form of Gift Aid IVAT exempt) as opposed to a Mixture of License Fee120% VATI and Gift Aid. The BoDkkeeping costs remained lower than when the service was first outsourced in 2014 but are Still sizeable and growing, Hence, in 2025 from the start of Quarter 2 the Society now has new Bookkeepers Ifollowing quotation5 from 3 5uppliersl and new account5 software that is forecast to vield a reduction in cost5 by £20k over a 12-month period. Charity incorrie was up £65,512 in 2024 land was up £32,180 in 20231 al £867,401. Notable increases were £29.280 from SDC Enterprises Ltd (comparison of Gift Aid in 2024 cf combined Gift Aid and License Fee in 20231, £26,242 more from Conferences in 2024 (due to 3 conferences in the Society's 140, anniversary yearl, plus Perkin House rental income was up a further £9,730 to a high of £91,471 for the year. Thi5 yeaT the Accounts in Note 4 contain an analy515 of income by activity.. Education (sub-divided into Training and Qualification51,. Membership (sub-divided into Day of Celebration and Sub5cription5I,' Publications Isub-divided into Aeèdemic Books, Childrens Books and Coloration Technology). Membership income was effectively static in 2017 after several years of gradual decline. Partly due io membership subscription price rises, membership income wjs £41,156 in 2018 and in 2019 £45,042. In 2020 it rose marginally to £46,039 but in 2021 membership income fell to £39,706, largely due to ompanies nol renewing mèmberships. In 2021 the Society's Board also made the price for Individual Non-voting and Individual Voting membership identical to encourage members to 4Jpgrade at no additional cost. Membership income in 2022 amounted to £39,637 and in 2023 rose only mar8inally to £40,097, then falling again slightly to £38,578 in 2024. Hence, membership income is essenttallv static with 2019 & 2020 being slightly higher income ye8r5. As the chart below shows though the overall trend 15 therefore now one of arresting the decline in membership income, despite the harmoni5ation of Voting and Non-voting individual membership 5ub5cription rates several years ago. This financial data should also be considered in conjunction with the membership numbers data below in th15 Report, which shows the long decline in membership numbers over years las also experienced 14

sdc society of dyers nd colouristS The Socie 2024 Annual Re ers & Colourists ort & Financial Statements by many other Such membership organisationsl has finally been arrested and it is planned to now move into a period of membersh4P growth, which will initially be gradual and Eain pace. Membership incomebyyear É50.WO Éao.(KlO E35.C¥JO £30,CrfJO E25.000 E20.(KJO £la.rrt)O £io.L £5.OC IIMIIT 2018 2U19 2020 2Q21 2022 2(Q3 21Y2d Membership renewals are enabled via the SDC website and members can pay by debit or with credit card and set payments to auto-renew. Each membership subscrlptlon also has monthly. annual and every three-year oplion for payment. It has been very promising to see that growing numbers of members are renewing with auto-renewal enabled, Books sales Income in 2024 was again largely 5UPPOrted by Malcolm the Weaver l)ook sale income which was up from £4,340 in 2023 to £7,126. The aged SDC textbook stock is now a very small income stream to the SDC I£1,882 in 20241, and the new titles are all produced and primarily sold via Wilev Publishing. By 2023 many SDC books were made available via the SDC website as eBooks reducing the price for them land reduced further for current SOC Members) and also permitting immediate acces5 to the eBouk. This has made this aged book stock available at lower prices lincluded in the textbook income above) to those Interested in accessing their content. Salary costs of the charity (including social securlty costs and penslonsl rose in 2024 when Chartty costs amounted to £425,559 (see note 13 of the Accounts). Whilst salarie5 and pension costs rose through annual pay rises. Charity staff nurnbers also rose in 2024 to a total of 9 35 an additional fixed term contract member of staff was taken on to backfill a member of staff deployed on the Project Evaluation Group's Textile Archlve Project. This post is being funded from the Unfunded ProjeLts Reserve fund. Envifonmental, Social and Governance Report Energy Usale and Emissions In 2024 Perkin House consumed 62,079 kwh of eleLtricity-this included the SDC and all Perkin House tenants. This was 9% more than in 2023 yet costs were 33% higher. Similarly for ga5, In 2024 Perkin House consumption was up IO% but costs were up 109%. Increased consumption is a factor of the weather and Perkin House usage. In 2024 the building had more tenants and was used by SDC staff MO￿ frequently than in recent years. 15

sdc society of dyers and colourists The Societ of D ers & Colourists 2024 Annual Re ort & Financial Statements Costs obviously rose hugely in 2024 for ga5 and electricity and with new contract in 2025 costs are expected to hold for gas and reduce by ca £20k over a 12-month period for electricity. However, their costs remain high compared to historical cost5 in 2018 for example the c05t of gas and electricilv together was Lsnder £20,000. New contratts are increasinEIy using more renewable energy in their supply, but given recent expenditure conttarts have been selected simply on price albeit they have good environrnental impact tredentials. Waste & Recyclin8 The Perkrn House waste is collected weekly. and cardboard is separated and sent for recyclirtg. Otlier waste is sent as mixed waste but sorted and graded by the collection servlce providers. The SDC are mindful of new waste regulations that came into effect at the end of March 2025 although their application to small organisations is being phased in. This will result In further waste 5Drting and higher recycling rates in the coming year5. Resource Consuffiption The SDC has largely reduced the constsfflption of many of the resources historically used. Integral to this has been the move to digital provision of many aspects of the 5DCs activities, This has, for example, hugoly reduced the need for phototopier papei and ink, as well as a huBe reduction in travel to meetings. Post Covid the level of online meetings continues to be high and Is often the preference of those with whom v4e are meeting. A consequence of this has been a huEe reduction in travel and subsistence costs, In 2023 effort5 were made to travel more arTd meet more people face to face, but travel was at a much lower level than in pre-pandemic years. SDC Committee meeting5 are a150 now attended online by most participants whereas pre-ttandemic most would attend in per50n. Travel costs in 2024 were 25% higher than 2023 at £20,718 whilst in 2023 they were 16% higher than in 2022 at £16,621. However, thi5 15 still historically low with 2019 travel costs being £41.025. Travel via public transport is used whenever practically possible. Online meetings reduce time, cost and pollution from travèl, and are somÈtimes even the first option as opposed to an alternative option, Reserves Policy The SDC Finance Commrttee reviews the Reserves Policy detail at regular intervals, in line with the SDC 5tiategy and financial cofflpendium. The SDC aiffjs tu hold between 12 and 15 month5 of budgeted total costs in its free Reseryes. In accordance with Charity Commission guidance this is to- protect and saleguard the assets of their charity,. perrnit the Society'5 Board to act with Tea50nable care and skill.. and ensure the charity is accountable. In establishing this Reserves Policy* the SDC Finance Committee a55essed.' why reserves might be needed for the charity to be effective and how much was needed in Resetwes, An impact and risk assessment were undertaken to arrive at the Reserves Policy for the SDC in its current form. The GroLbP re5eNes are ￿presented by ihe Group fund5 of £10,355,730 on 31" December12023 - £10,021,215). Group cash ot bank and in hand, on 31" December 2024, amounted to £2,677.97212023 £3,433,3871 wliilst the cash at bank and in hand for the Charity alone was £78,119 on 31, December 20241£260,502 on 31" December 20221. Total resources expended by the charity alone In 2024 were up at £1,232,51312022 £955,879). A sizeable 3mount of this1£122,5531 was on specific projects under the auspices of the Project EvaluatigTr Group and expended from the Unfunded Projects Reserve Fund which exists for this purpose. Perkin House also had several pieces of overdue work undertaken on it in 2024, as well as some repairs due to weather damage, amounting to E23.829 on property maintenance, £12,379 Dn building equipment maintenance and £4,783 on inleriur wnalntenance, 16

sdc ocieiy OF dyers and colour151S The Socie 2024 Annual Re ofD er5 & Colourists ort & Financial Statements The SDC had free cash at bank and in hand (not designated for current or futUTe PEG Project51, plus Brewin Dolphin managed investments, and taking into account debtors and creditors, on December 31" 2024, that afftounted to 9.4 months of 2024 expenditure lin 2023 this wa5 10 month51 and thus slightly below the reserves policy above. Where funds held are restricted these are shown in the Annual Accounts (See Note 26 Funds) where permanent endowment funds are also detailed. Project development 2024 The Society's Board h35 identFfied a Projert Evaluation Group IPEGI, which has assessed development projects and prioritised them. The Board have identified and designated tolal funds for these projects to ensure they can be concluded. The projects are key to SDC impacl and delivery over the future years, ensuring delivery of charitable objectives anLI growth in sustainable income. A UK Technical Conference was held In Bradford in November 2023 was held again in October 2024 at the same location, In 2024 there was also an International Conlerence. held in Manchester in lune, and the Society hosted the DHA43 International Conference in Leeds. The Textile Collection in Perkin House is being catalogued and made available for others to access via procurpmEnt of an archive database and a fixed term appointment of a SDC Archivist. Review of Activities Bursaries The SDC Bursary scheme has two funding streams: A. Main Bursary (Up to £5001 For undefgraduate and postgradtbate students on a relevant course le.g. Colour Chemistry, F35hion & Design, Textilesl B. ASDC Bursary (Up to £2501 For students registered for the ASDC examinations. The SDC Bursary scheme is managed overall by the SDC Education, Qualification and Attreditatio Board IEQABI. In 2021 no bursaries were awarded 35 the pandemic preventEd artivity by applicants- indeed one bursary was refunded to the Society due to the recipient not being able to undertake the planned 3Ctivily. In 2022 there was an increase but still only 3 bursaries were awarded as activity onte again resumed. In 2023 there was strong specific marketing promotion of the bursarie5 to grow the number of applications, but the number of bursaries in 2023 was only 4. The marketing conlinued and the concerted input had an impact a5 2024 saw 8 bursaries awarded as follow5.. Lava Sillitoe to support the purchase of items for practical work on an Information Design module in Textile Design Rebecca Watson to suppon the investlgation into the application of colour gradients to a wide range of interior fabrics and materials in her final year of a BA Textile Design degree at De Montford Universlty. Ruth Lloyd to support attendance of the Biocolouf conference hosted by the University of Helsinki and the Biocolour can50rtium in Jvne 2024. charlene Jordan to support attendance at DHA43 Conference Yan Feng to SLlPPOrt her PhD work on ' A Practice-Based Exploration of Natural-oye and Bio- Materi315- Thei¥ Histories and Mythologies, to Achieve the Sustainable Development of Fashion and Textile Artisan Comrnunities. 17

sdc society of dyers and colourists The Socie 2024 Annual Re ofD ers & Colourists ort & Financial Statements Zofia Zhang to support attendance at DHA43 Conference Viveca Mellegard to 5UPPOrt attendance at DHA43 Conference E Palomino to sllPPOrt attendance at DHA43 Conference These bursaries SUPPOrt colour science education of the recipients. The sharing of their activity and reports at events and through The Colourist magaiine and Blogs on the SDC website ensure5 Ihat several of the Royal Charter Objectives are addressed more widely, especially the dissemination of knowledge aboltt colour. Training SDC Trainin8 courses continue to be delivered by external partner companies. In 2024 3 individuals received colour fastne5S training in China, plus 3 UK company received on-sste training for staff on 'An introduction textile coloration, and 'An introduction to colo¥r assessment,. SDC Inlernational also deltvered training to many individuals in India and Sri Lanka in both educational institutes and companies. In 2020 the Society started a Webinar programme wf(h the first live webinar airing in May 2020. There now st3nd5 a collection 38 SDC Webinar Recordings on the SDC webslte which are available free of charge to currenl SDC Members and at a nominal £20+VAT charge to non-members. The 5 SDC Webinar5 first aired live in 2024 land avatlable as recordings via the SDC website) are listed below.. D e Discoverie5 in the 18th and 19th Centuries- SDC Online T3lk Graham Cla ton and Harrie Schoots- Life as a textile consultant is it for Graham Clayton and Harrie Schoots Ranka- Innovations in Sustainable Textile Production- SDC W41 by Dr Ajay Ranka of ou? SDC W42 by Zydex Anna Pan bourne- The Fashion and Textiles Childrens Trust Pangbourne la anta San FTCT - SDC W40 by Anna I-Su5tainable Textile Finishin andD ein SDC W39 by Jayanta Sanyal In addition, 9 of the UK Technical Conference presentatiorts were recorded and are available to view as recorded webinars on the SDC webslte.. SDC 2nd UK Coloration and Finishin SDC 2nd UK Coloration and Finishin SDC 2nd UK Coloration and Finishin SDC 2nd UK Coloration and Finishin Ton C 2nd UK Coloration and Finishin SDC 2nd UK Coloration and Finishin Conferente 2024- Panel Discussion 2 Conference 2024- Panel Discussion I Conference 2024- ctex Rob Ricketts Conference 2024- Verivide Russel Thor e and Ste hen Conference 2024- Fibre 52 Gfaham Stewart Conference 2024- Lee Howarth Archroma 2024- Environm niA Sea SDC 2nd UK Coloraiion and Finishin Conference 202 C 2nd UK Coloration an Finishin Cotlference 2024 - CHT DietEnar Hi Foundatlon Textile Coloration Certificate IFTCCI & Textile Coloration Certificate rrcci

sdc socieiy of dyQfS and colouiisls The So¢ie 2024 Annval Re ofD ers & Colourists ort & Financial Statements Twefve students studied the first year IFTCCI course for the academic year 2023 - 2024, completing in June 2024. Four students were studying the TCC Course. This spread of numbers sUPPOrt5 thE theory that the rnarket is stlll interested in such qualifications but IS Cautious about longer term commitment (financially and in terms of their staff timel unless prior engagement ha5 proven some merit to the qualification. This is further reflected in the ASDC qualification take up (see below) where caution by indltstry has seen a fall in numbers. ASDC Quallfication Textile Coloration Science and Technology (Level 61- leading to A550ciateship of the society of Dye and Colourists IASDCI - is a three-year Iminimuml distance learning course, leading to a benchmarked honourf5 degree level qualificailon. The programme has received the Ecctis benchmarking assessment that it is a Level 6 qualification lequivalent to a good honours degree, as defined wtthin the Framewoik lor Highei Education Qualifications). Ecrtls introduced a time limit on Such benchmarking, such that the benchmarking of the A5DC would expire at the end of 2022. However, hard work by the Education, Qu31ification5 and Accreditation Board of the SDC, along with SDC Staff. ensured the benchrnarking of the ASDC was renewed successfully for another five years. Ultimately gaining this qualification allow5 students to apply to be a Chartered Colourist (Ccoll. The online course covers the fundamental textile coloratFon principles and processes and 15 made up of 6 modules that are designed to meet the needs of the students and their chosen industry-. Dyeing of Natural Fibres, DyeinE Theory* Textile Printing, Dyeing of Synthetic Fibre%, Chemistry of Colourants and Colour Physlcs. The cost of the degree equivalent ASDC is much lower than a university degree, plus students typicallv 'earn as they learn. in employment and their employei therefore also reaps immediate benefit5 from their 5tudie5. In 2024 just two Stvdents V4ere enrolled on the ASDC Course includSng one who Is the first recipient of Maurice Tordoff bursary to undertake the ASDC and wa5 an outstanding graduate of the TCC course. Publicatlons Four 555ues of The Colour15t, an SDC member benefit, are produced per year, with production nDW outsourced to an e.xternal marketing company, The external team work closely with all SDC staff in the content collation and even undertake interyiews and photography on behalf of the SDC to make production happen. In 2024 the 4 editions of the Colouri5t amounted to 83 page$177 in 2023 and 76 in 20221 In the usual 4 editions. Availabillty of The Colourist Is communicated to member5 via ernail and so the SDC ha5 measures of tl)e open rates and click through activity to The Colouri5t. Mefflbets were also provided with free acce55 IFI the Members area of the website toscience in Porlioment, both of which receive a great deal of inleresl. Colorotion TEchnology, the SDC academic journal published in coniunction with Wiley, covers many aspects of coloration with 3 detailed overview available Dn the Wile 's web51te for the journal. The Wiley's goals for Coloration Technology have been to grow readership of the journal, ensure the right authors submit papets and enhance the Society's reputation. 19

sdc society of dyei and colourist5 The Socie 2024 Annual Re of D ers & Colourists ort & Financial Statements Just 12 Institutions access Coloration Technology viè a specific sijbscription, whereas 4,254 Institutions access (t through license that allows the institute to access a whole h05t of Wilews titles, which includes Coloration Technology. Coloration Technology Individual subscribers are very much in the minority and wlll only b@ provided with electronic access, as is cornmonplace for the vast majority of Wiley's journals today. Wiley do offer a Print-on-Demand option however where hard copies of issues oi articles can be obtèined. In the past the Coloration Technology Impact Factor has been an Important publishing metric and one that has seen positive growth over the year5. Wiley is now moving away from journal-based metric5 and specifically the Journal Impact Factor. Article level metrics and individtsal author contribution are now the metrics of choice. Most vlewed artlcles on Wlley Onllne Llbrary It•nk Ar￿(19T11• The role5 ofetevated temperature and caTrier5 in the of potyesttrflbres usinK disperse dyes.. Pan 1 fundamenral a5PEf15 Evaluation of thp exrracr5 of purple basil (Ocimum ba5il¢cum U 05 naiur pH-Indlcaior dyes anticipated io be uti115ed In Intell... ErKapsulafjon of colDranty by nawral p0￿er5fOrfQ0d appllcètions 1,404 1,0 135 1.052 5upercrftlcal carbon dloxlde15C-C02ldyeln8of celluloseacetate.'ArF Opportunity fvr 'greenefclrcular texfjle economy Natural dyeing of plasma treaied woolwlth avocado seed extractand use of tartani acid as bio-tnurdant 139 918 906 Natural dypins of air pla5ma-troated wod fabrliwith PJjblaenct￿uM L and predirtion of dyeing properties using an artificial n... Developtren15 In the chemlstry of re3cD¥e dye5 and theirapplicatlon proce5se5 826 769 Study of the dyeing propÈrtles of saffron and ultrèfiltrated saffrm powder& as a￿OUra￿ts ftrr natural and synthetit fibres The developmentof Indigo reduction method$ ond pre-redvced Indigo produtts 710 725 697 Developnpnt of potycaprolactone-ba5ed elecrrospun pH-sensitNe 5ensorsas Instant colorlmetric indicators for food packaging 739 685 Th15 table Includ5 detèlls Df the 10 mDst-accEssed aTiicles of 202& The avprage number of vlews per article publlshed In yourjournal in 2024 wa5 176. kr055 all jouma15 Ihatwlley publi5he5 in Ihe samE subjectarea, the average number ol ¥1thE per arucle wa5 126. 20

sdc society of dyers and colouri5ts The Socie 2024 Annual Re ers & Colourists ort & Financial Statements The trend of Article views of Coloration Technology article5 continues to grow, as can be seen in the chart below. The countries around the globe who access Coloration Technology continues to be large with a similar annual profile as shown for 2024 below. Artlcle vlew5 trend Top 10 usage countrleslreglons., ioothyj Lhiied Stai Turkey Ihted Kingdofft Ji% 4Q(W)J South Korea p4￿51a￿ Éwi Hong K¢my l Gem)any OtttS lo.￿ The number of accepted articles continues to be healthy wlth the number rejected without review increasing slightly in 2024. China, Turkey and India were again the three top countries where submissions arose. CountrylreOon of 5ubmlsslons Accepted and rejected artlcles 42 BaWthJ¥.I Kingdc tli 4 Gwmai. Cx￿.￿S ithout Attvptwt Reie(ted knith 20 The SDC 15 very grateful to Wiley for its a5SiStance in terms of both resources Ond expertise. Wiley has a marketing plan in place for Coloration Technology. In 2024 the number of pages in Coloration Technology across the year rose from 678 in 2022 to 732 in 2023 and now 923 in 2024, 3 rise of 26% on 2023. 21

sdc society ol dyers and colour15t5 Thè Socie 2024 Annual Re ers & Colourists ort & Financial Statements Publlcatlon trend Avefage days MedlaTh days Average day5 Medlan days from r￿t1p¢ at Irvm TKelpt at from recelpt at frprn rKeipi èt Wllty to E•rly Wlley to Early Wfjiey to onllne Wlley to onlln• Vle Vlew Issue Issue publlratlon publlcJ¥on publltatlort publlcatkln Year YO￿Mè NumbÈr Number Number of15sue5 ofartlcle5 of page$ 2Q24 140 60 923 31 23 275 271 2023 139 S9 732 21 205 216 20ZZ 138 58 678 21 176 183 Colour Index~ The Colour Index~ is known worldwide and is used by many companies, research institutes, universities and government bodie5. Many Colour Index- users a￿, significantly, outside the traditional textile manufacturing and dye houses SDC sectors. The decision was taken in late 2018. by the Society'5 Board, to transfer the Colour Index~ sales and marketing to SDC Enlerprises Ltd. This took some time to complete for several reasons, including appropriate HR con5ult3tion5 and proce55es, but the transfer took place from I" June 2019. The Colour Index Pigment and Solvent Dyes Board continues to meet under the auspice5 of the Society to maintain independence from the rnarketlng and sales function. Standards SDC'S active involvement with B51 Standards ensured iheir continued relevance, accuracy and LIS8bility, based on sound scienlific knowledge for the benefit of the supply chain. The area5 covered chemical, physical and flammability testing Df textile5, textile cleansing and care labelling. and èppaiel and Interior textile Iprodurt specificationl. The SDC provided the Secretariat to the BSI technical committee TCI 81 for colour fastness of textile5 and colour communlcation thus supporting all UK indtjstries lor colour and textiles. The SDC. as required by our contract with Iso, has the Secretariat of TC38 SCI Coloured textiles and Colorants, with partners in China. Brian Woolley continued as secretary to this COFnmittee although has now retired at the end of 2022. The SDCS Technical Director Andrew Filarowski is the secretary forTCI 81 as stated above and representation on the following committees is as indicated., TCI/IOO Co-ordination of activitie5 in lextiles and clothing A Filarow5ki TC1124 Physical Testing of Textiles Jonathan Foister1SDC Enterprises) ¢1 TCII80 Chemical Testing of Textiles A Filarowskil S Boltonl Jonathan Foister ISDC Enterprises) TCII06610-108 Burning behaviour A Filarowski TC1181 Colour Fastness & Colour Measurement of Textiles Jonathan Foi5ter ISDC Enterprises) TCI/082 Texliles care labelling, dry cleaning, domestic laundering and drying A Filarowskil Jonathan Foistef ISDC Enterprisesl British Standards Institution Technical Committees- A Filarowski a5 SDC representative CW/15 Safety of Toys S Bolton STI/14 Colour Measuremeni & Schedules M R LLto The SOC would like to thank all the above individuals for all their work un behalf of the SDC on these committee5.

sdc society of dyer5 nd colouris15 Ttke Soci 2024 Annual Re OID er5 & Colourists ort & Financial Statements Events The SDC events showcase research and best prattice in toloration. They also provide education, inspiration and networklng opportunities. SDC events afe regional. national and international. with wide tsnging topics and diverse audiences. Many are f￿e to attend, especially for members, with a Strong focu5 On Supporting students and young professionals, The SDC a150 jointly organi5es events and participates in events organised by others, thereby spreading SDC'S educational reach and profile. Suth everkts very mtthch ali811 Wlth the Oblect5 01 the SDC Royal Charter a150. That Governing document describes events in a language of its time to "hold meetingsfor the reading of papers und giving of lectures colorotion ond colouring motter5 ond for discussion of the SOMÉ" In 2024 this Objert in the Royal Charter was delivered partly online via SDC Webinars which are listed in the above in this Annual Report. Details of all SDC events can be found on the SDC website and many have featured reports after the event in edition5 of The Colouri5t which SDC Members can access via the 5DC website Members area. In 2024 it was the Societ¢s 140, year and the ColDur Index~ Saw 115, centenary. There were several SDC connected events including: Items from thè SDC textile collection feature in 'Colour5 Uncovered, exhibition at Haiewood House, Yorkshire, UK from 22 March - 9 June 2024 with coveraEe also in local media and many thousands of attendees A PTe5entation on 'Weaving Voices- Back Home and Reimagined, at Sunny Bank Mills Archive, YDrkshire in April 2024 International SOC Conference on 'Sustainability & Circularity in Coloration Innovation5 in sustainably supplying the needs of 8+ billion people, in fvlanchester, UK in lune 2024. Almost IQO atiended the evenl, a dozen on SDC bursary places, celebrating 140 years of the SDC with speaker5 from seven different countrie5 over the 2-day event. The 43, International Conference on Dyes in History and Aichaeology in Leeds, UK in October 2024. Approximately 80 attended the event from global universrtie5, institutions and museums brit)ging the SDC Archive to a global audience and directly related to coloratlDn. The Colour Group were a150 a key collaborator awarding a prize for the best poster PTesentaiion. The Second UK coloratlon and finishing Conference in 8radford, UK in October 2024. This event was very well received with over 100 people attending an experience of positNe interaction with UK industry. several 5tudei)ts from SDC Educational Provider Member5 were also given travel bursaries to attend and this will once again be offered in 2025. The SDC Annual Awar(Js Ce￿monY at The Merchant Adventurers, Hall, York in Novernber 2024 ThE SDC Day of Celebralion Dinner at The Merchant Adventurers, Hall. York in November2024 OtherSDC Involved events In 2024 intluded regional meetings In the UK and overseas. Membetshlp In 2024 SDC Membership finally achleved an Important milestone: the long decllne In membership numbers was arrestedl Total individual membership numbers have been falling foi well over a decade or more, but in 2024 were 597, which was actuèlly 2 above the end of 2023. New members were at 116122% of these being re-joins), a level not seen since the 117 of 2018, so recruitment o* members wa5 up 8lso. Voting members did reduce by 12 although in recent years that has been much higher12023 saw a 21 fall, 2022 saw a 17 fall, 2021 saw a 46 fall) and this 2024 reduction wa5 equal to the reduction in Ccol nurnber5 lie also reduced by 12 2024 cf 20231, who are also Voting members 23

sdc society of dyefs nd colouri5ts The SociÈ 2024 Annual Re ofD ers & Colourists ort & Financial statements of course a150, Ccol member5 are obviously typically older, mofe expe¥ienced individuals and so we do lose members in this category due to total retirement from sector activity and sadly deaths. The overall individual membetship retention rate was 81% in 2024. Almost half of the individual member5hip149%1 are Chartered Colourists and the retention rate amongst this group of member5 15 95%. Membership profiles are held on the 51)C website and synchronised with Mailchimp, the SOC email communicalson tool. This has improved data quality a150. All members are contacted when their membership comes around for renewal and after it has lapsed wtth a series of communications encoura8ing them to renew. This has also been applied to those whose mernbership lapsed in recent vear5 and a number have come back into membership in the last 12 months. SDC Membership at 31 December 6YJ 59) i? a)14 2016 18 I￿2 2024 In the past the case for taking up 5DC membership has arguably been weak, and work over recent year5 has been put into strengihEning that offer. The Colourist Magazine is now only available to members, and some have rejoined to regain access to that once again. Webinars are available free of charge to members, but non-members and lapsed members now need to pay for access gain increasing membership renewals. Privileges of membership are now felinquished on the day the membership lapses which is driving members to renew and auto-renew to retain access to their benefits. At the c105e of 2024 there were also 22 Company Member5 anil 19 Educational Provider Members OF the Society. Group Membership retention rate5 are 83%. hence sliEhtly higher than the retention rate of individual members. The number of Company Members has varied between 20 and 26 over the 2017-2024 period and hence us sli8htly below the 8-year average of 23. Edurationbl Prcwider Members have numbered 12-26 over the same 8-year period and so afe not also slightly below the Year average of 20. These Group Memberships represent in total 180 Company Membership individuals and 316 Education31 Provider Membership indivi(iuals. Hence, the total of Individual and Group SDC Memberships surns to 1,093 people. In lale 2020 a Governance Task Group of the SDC ALtdlt Committee was a150 Put in place to update and re-draft the Society's Rules, By-Laws ènd Royal Charter clauses to put to the SDC Membership at a General MeetinB for approval. This was to include the re-structure and naming of some membership categories. That work continues and Audit Cornmittee and the Society's Board are aiming Io see that concluded and passed to the SDC Membership as soon as possible. The need for this has also been 24

sdc society OF dyers and colourists The Socie 2024 Annual Re ofD efs & Colourists oft & Financial Statements raised due to the saLI pa5sirig of Queen Elizabeth11, since the Royal Charter is awarded from a specific monarch. As with all Royal Charter bodies the SDC therefore needs to apply for a new Royal Charter from King Charles 111 and to incorporate de51¥ed change5 at that time would be Dptimal. That review of the SDC Governance documents is nearing completion with the Governance Working Party having reported to Audit Committee in early 2024. Those proposed changes have been ￿vieWed by external charity lawyers and are being checked and proofread befole bein@ presented to the Society's Board and from there to a General Meeting of the SDC Voting MeTnber5. Before that meeting member5 will have plenty of time to review the revised documents and will be briefed in detail on changes made. Progress on this in 2024 ha5 been regrettably slow dve to available staff re50Ufce ffont he now small SDC staff team. However. it 15 planned to prioritise these documents for progress in 2025. One change the Societls Board made back in 2022, was that the fee differential for Voting Members and Non-voting Members be abo115hed, All Voting Members now pay the same membership fee as Non-voting Members, unles5 they possess a Ccol whereby they pay the same level of fee as they did previously as Voting Membe15. Thi5 ha5 increased app15catlOT15 to be regraded from Non-VotiiiB Membership to Voling Membership and the system for such has been further accelerated suth that some re-gradings have now been approved wlthin 24 hours. It 15 Irriportant to note thai the threshold to becofne a Voting Member has not been changed but the drive to have Non-voting Member5 apply for upgrading their membershlp, ar5d the turnarotsnd time to Èvaluate such applications, has been greatly improved. The number of non-voting members 15 therefore declining, although new adult members commence their SOC Membership journey through this Non-voting c3tegory. In 2017 the number of non-voting members wa$ 197 whereas In 2023 it had dropped to 82 and In 2024 was 87. Membership value for monev Going forward more is being made of the membership benefits and their valiie for moneyi a5 eviden exi5t5 to demonstrate these are ill-understood by members and prospective rllember5 alike. The Colourist member rnagazine wa5 re-launched In 2021 as an electronic only publicatio Ithu5 addressing production costs but also environmental impact5 of paper production and international postage, a task made more difficult and costly by the pandemic and Brexitl. The Colouri5t features more company member news and profile5 and is being produced by outsourced marketing 5peciali5ts. The c05t of The Colouri51 in 2024 now amounts to 75% of SDC Membership fee income. In 2025 the Society is looking at way5 to Teduce the costs of The Colourist production further as this is a substantial proportion of the Membership income. Many members also welcome the free access to SDC webinars lusually charged at £20 per Webinar for non-member51 including acces5 to recordings of past webinars. For Non-voting and Voting Members the annual membership fee is the equivalent of just 3 live or recorded webinar accesses per year, whitst for Chartered Colourist5 the number 15 5 live or recorded webinars per year. The Science In Purliament publication, also available in the members area of the SDC webslte, is a wide-ranging publication available free of charBe as part of the SDC membership 5ub5cription. Members 3150 receive generous discount5 on: SDC Iiooks and e8ooks-, Colorotion Technology 5ubscription5.' and SDCshort COLtrses. The website has made book purchase5 much easier, and members will see discount offers on SDC books after they are logged into their members area. 25

sdc Society of dyer5 and colourists The Socie 2024 Annual Re ofD ers & ColouristS ort & Financial Statements From time-to-tiffle SDC Membership also entitles acce55 to webinars and events of other organisation free of charge or at reduced cost, plus (to SUPPOrt inte¥net access to SDC webinars, committees, and ￿eetIngS1 rnember5 can access discounts on Dell computer antl accessory purchases Iwith some country limitations applied by Delll. Members often have opportunity to provide presentations via the SDC Webinar series, of which the marketlng and promotional value of their company and personal brand far exceeds annual membership 5ub5cription rate5. Members of the SDC are also part of the regional activity where sufficient members exist to make regional activity viable. These regional network5 have always been core to SDC membership benefits. and theirvaltse is hard to estimate. Members who engage with regional activity ttowever value then both very highly and for a long duration. often counted in decades. Before the discounts above are taken into consideration. the cost of individual membership to the SDC is ca £68 pa before any staff time at all is taken into consideration. Studenl membership is priced at less than this, $0 many members support our student members through thelr membership subscriptions. For all other membership types, once staff time is added, the cost of membership exceeds the subscription price. SDC membershlp subscriptlons do deliver value for money when the features and beneftts are considered and. like all rnemberships, the mole one ersgages wtth the organisation, the greater your value for money from your SOC membership. F51 JSJ MT Isu )tsJ' 26

sdc goclety of dyers and colouflsts The societ of D ers & Colourists 2024 Annual Re ort & financial Statements Sponsorship The Worshipful Company of Dyeis have generously sponsored the Soclety over many years. This demonstrate5 the ongoing commitment of both organisations to ihe ski115 development in ihe coloration sector and the SDC is very grateful and encouraged by their generous support. It should a150 be added that their keen interest in the development5 is very much expre55ed and is a5 welcome as their funding. In 2020 the Worshipful Company commenced support of the SDC in setting up the 'Future Dyers Fund, to help financially anyone from England applying for our Ffcc and TCC courses. This exce15ent initiative means that through the Fund the SDC can ensure Siudents continue their studies and skills development to assist them in Securing future employment also. Ten such students were 5UPPOrted in 2024 Iseven in 20231 and ihe fund now sits at £7,208 Idown Irofn £17,801 in 2023, but still with sufficient resource to support UK based applicants). Applicants living in England can receive up to 60% of their fee5 paid and in the case of those unemployed have all their fees paid. The Cotton Industry War MemorSal Trust ICIWMn have also been a long-teim supporter and sponsor the 5ociety'5 activrtie5 and continued to support our conference5 in 2024 as well a5 sponsoring childrens books for schools in 2025. The support of the CIWMT is veiy welcome and important in its longevity of WL7rking with the Societv. Partner and Aifiliate organisations The SDC Charitable Objectives from the Royal Charter includes -To co-operate with other scientilic organisutlOll5 and bodies in relotion to colour ond its opplicotion und use" To this end the SDC is ari active member of The Science Council and The Parliamentary and Scientific Committee. Other active network Ilnks to partner organi5alion5 include the AATCC. A5BCI, several unlversltles, and The Society of Leather Technologists and Chemists. The SOC also has long-standing alfiliate relationships with the Society of Dyers and Colourists Df Australia and New Ze&land15ee htt www.sdcanz.coml and The south African Dyers, and Finishefs, Association ISADFAI (see www.sadfa.or .za In 2024 onwards as part of the SDC strategic Plan, the relatlohships with partner and affiliate bodies wlll be clarlfied and expanded to ensure this Royal Charter Object is further adhered to and also that the work of the Suciety can be expanded. Investment Policy The SDC funds include equities held in a managed portfolio at medium risk and cash held on term deposit accounts not required for current activities, Equltles are held In fixed interest, ordinary shares and government stocks. The portfolio value Dn 31" December 2023 was £975,697 and by the end of 2024 this had fallen to £913,435, During 2024 a total sum of £IOO,0001£50,000 each in October and December) wa5 transferred from the investments into general funds to support 5DC cash flow and hence accounting forsuch movements the investments acr055 the year had grown 3.9% to £1,013,435. In addition, during 2024 £25,101 was recelved into geneial fund5 from dividends (lust £1,523 lower than in 20231 arising from these investments. Including this income the return on investments in 2024 was 6.4% in 2024 (wherea5 2023 ovefall in¢orne from these investments v4a5 6.6%). The SDC investmenls are intended fof the long term. In re￿nI years there have been huBe international impacts on investments Ithe Corona virus pandernlc, wars In Ukraine and the Middle 27

sdc society of dyers and colourists The Socie 2024 Annual Re OID ers & Colourists ort & Firtan¢ial Statements East and associated international higher interest rates and their consequences on economies) but in late 2024 some recovery was Seen in the markets. This has all been10st at the start of 2D25 due to the Tariff5 and wide international volatility introduced by the USA Government under President Twmp. By the end of QI 2025 the Society investments have now fallen to £887,265. levels last seen in March/April 2020 as the Covid pandemic broke internationally, albeit levels they recovered from. SDCthiÉtrn4nii rtiw Ip4 SDC Strategy 2025-2027 The SDC Strategy below was developed over an extended period of time in conjunction with an external strategy consultant with extensive membership body experience. The Society's Board, SDC Staff and many stakeholders were invited to take part also. The Society's Objects remain unchanged but the SDC Mission has been revised to be more inclusive arid remove any emphasis, implied or otherwise, of an academic org8ni5ation only. The Value5 have been reviewed but are those held for some year5. The fours Priority areas are interlinked and iheir numbering does not indicate any priority of more important than any other priority. Below each Priority are 3-5 year goals and key initiatives / activities for each year (not included here for simplicity). This Strategy, as approved by the Society's Board in Novembef 2024, does not remove previous foci of activities bL¢t expands them to encompass more colour ielated activity. Textiles 15 historically the key sector for the Society and will rernain so, with other sectors increasingly being pbrt of SDC engagement.

sdc gociety of dyers and colourists The Socle 2024 Annual Re ofD ers & ColourSsts ort & Financial Statements Society Objects (as taken from the Royal Charter).. To promote by any or all available means the advancement of the science of colour. Revised Mission/Purpose.' Sharing knowledge and stimulating interest in colour. Values." Passion and Pride Trust Courage to Act Continuous Learning Inclusivity Priorities.. 5harln8 knowledge through our SDC Communitles, Publlcations and other channels. Ambition: The knowledge we share in relalion to colour and coloration will be regarded as trusted and independent and, throu8h ouf networks, comprehensive and accessible. Growing the proftle, reach and influence of the SDC. Ambition: We will be recognized as a thought leader and respected globally as a relevant body to engage with, and a conduit to access our community of colour professionals and other networks. Through this recognition we will benefit from growing global engaEement and increasing membership across all experience-levels and fields. Supporting Education in Colour and Coloration. Ambition- SDC'S Colour Education modules, courses and qualifications will be seen as the recognized pathway for roles in colour. design and coloration at all career stages. We will stimu5ate strong interest in colour through our active enEa8ement and provision of learning resource5, SUPPOrting students and education through 5UPPOrt of their currrcula. Delivering sustainable financial stability and effective governance. AmbitlDn'. We wi51 develop and maintain a 5UStainable business model with sufficient income to enable the SDC to deliver it5 Other priorities in this plan and invest Sn new growth activities. To facilitate our worldwide engagement plan5, we wi51 develop effective and streamlined governance structures and processes. 29

5dc iociety OF dyers and colourists The Socie 2024 Annual Re ofD ers & Colourists ort & Financial Statements Fundraising Section 162a of the Charities Act 2011 requires charities to make a statement regardin8 fundiaising ttivities. Although we do not undertake widespread fundraising from the Eeneral public, the legislation defines fund raising as "solititing or otherwise procuring money or other property for charitable purposes., Such amounts receivable is presented in our accounts a5 "voluntary income" and Include legacles and Erants. In relation to the above we confirm that all solicitations are managed internally, without involvement of commercial participators or professional fund-raisefs. or third parties. The day-to-day management of all ifitome generation is delegated to the executive team, who a￿ accountable to the Society's Board. The charity is not bound by any undertaking or bound by any regulatory scheme and the charity does not conslder It necessary to comply with any voluntary code of prartice. We have received no complaints in relation to fundraising artivities. Ourterms of employment require staff to behave rèasonably at all tirT7es,- as we do not approach individuals for funds, we do not have to particularise thi5 to fundraising actwities nor do we consider it necessary to design specitic procedures to monitor such activities. Risk Assessment The risk sltuation is reviewed by the Society's Board who judge that over the next three years the SDC has a low to rnedium risk that charitable activitie5 may be less because of a reduction of available funds. Insurances are held wherever possible to cover for external events and internal managemenl 15 used to mTrnimi5e potential occurrence and impact. In 2024 Gift Aid was received monthly and this assisted in smoothening the SDC finances and lowering risk onte again, although the UK an(1 international economies were nol without financial pressures and turbulence. Human Resources and Equality, Diversity and Discriminal￿On Policv The SDC is an equal opportunitie5 employer and encourage5 diversity. It is non-discriminatory on age, disability, ethnicity, gender reassignment, marriage and civil partnership, race and religion, Sex ènd sexual orientation in all operations and in all membership matters. The SDC now has to account each year in financial terms to our Audttors for the annual leave and flexilime carried forward. Hence, through a lime management SV51em linked to the Building Security System, the SDC can now manage the staff time delivery. HR support and expert advice is provided by an e)rternal HR company. This includes remote and on- site support foi staff and manager5. as well a5 a web based secure HR portal for HR records, and holiday and sick leave monitoring. Data security Data security has been, and will continue to be. a very important issue and the SDC will ensure that User information is protected and IT system5 secure. In addition to protecting such information the SDC does not supply any individual's information to others unless it is for a specific SDC purpose le.g. management of the call for nominations and related voting for trustees and other posltions on commltteesl. In July 2024 the Society was contacle(i by West Yorkshire Police and infomied the National Cyber Security Netwofk had received intelligence that the SDC network had been breached. The Societv worked in tonjunrtion with ils external IT rnana8ement company and We51 Yorkshire Police to investigate such claims, No evldence of such a breach was fDut)d at all but a5 precautions passwords were changed, acee5S Ports made more secure and monitoring for such breaches increased. The 30

5dc ?ociety ol dyer5 and colour ists The Soci 2024 Annual Re ers & Colourists ort & Financial Statements Society 15 grateful that no evidence was found to 5UPPOrt the Cyber Security Network claims although the exercise was useful as a check on SDC data Systems and security resulting in several improvements to further reduce such outcome5, No reports were made to the Irsformation Commissioner or insurers as no report could be supported by actual evidence. GDPR The EU General Data Protection Regulations IGDPRI came into force irt May 2018. The SDC prepa￿d for this new daia regulation for many months. The data managed by the Society remains to be held and used under GDPR regulations. Health and Safety The Health & safety policy of the SDC is to ensure a5 far as feasonably practical public, staff and the environment are proletted and that all legal iequirements are met. £ach year the SDC has two risk assessment reports produced by external experts on Perkin House Health and Safety and Perkin House Fire Risk. These reports highlight a few artions to be taken based on Low-Medium-High risk prioritisation. In April 2024 some internal building work uncovered some potential a5bes10s, which was tested by an accredited body and results were found to be negative. In early 2024 the Building Manager post was migraled to a SDC post as Entire FM Ithe previou5 Outsourced provider) went into administration and the company set up in its place, Alkota, was not paying staff wages on time and still owed its staff some wages in April 2024. UK Pension Aulo-enrolment The UK Government phased in auto-enrolment for employee pension Schemes over some years. In 2023 all of the SDC5taff members were IFL the SDC Peoples Pensior] scheme with ￿neWats taking pla a5 required. Remuneration Policv The 5alarie5 of all SDC staff are Set based on a Finance Comffjittee and Society Board approved overall budget based on itemised lines incltsding staff salaries. The SDC utilises a Remuneration Committee to approve staff salary rises. The SDC Remuneration Committèe is comprised of the Honorary Treasurer, Honorary Secretary land Chair of the Renumeratiors Committee), Chair of the Society's Board, SDC P￿sident, Immediate Past President and President Elect plus the CEO. In 2022, against an environment of inflation and ri5e5 wage settlements, a pay benchmarking report was commissioned by Croner and this has also been the case in 2023 and 2024. This has informed the Renumeration Committee of pay p051tioning of SOC staff lal median and upperllower quartile pay levels cf the ilK, Region and Bfadfordl and lead to a 5.5% pay rise awarded in 2024. 31

Thesodth ol &CDIDurfstslSDCI Yearemded 31 Oecernber20Z4 Staterneni ol IT￿5<t$' Resporsibllltl The tru5Eee5 are rE5ponsible lor pFeparin8 the Trustee5' Annual Report and the financial Stalemenl in accordancè wlth applltable and United Kingdom Accountin8 51andard5 Iunned Kingdom Generally Accepted Accounting PrdLcel. The law appllcable to chantlQs ID England & Wa￿5 require5 the iTuslee5 to piepaie tinanchil 513temoDI5 for each finaneial year which yve a tru and lair viewof Iheslatpol alfalis ofthe thariiyand olthe Incornin8re&ources and applicaElon ol reSDurces olihe Iharity for that periDd. In PTepaTing ihese finanual 51aiempnis,thE [ru￿e￿5 are required io.. $￿eCis￿lIatyle è<counEin8 poIiciv5 and fhen Ihemtorts15tentlv', observeihe methods and printiplesin theCharitiesSORP 2019 IFRS 1021.. ake &￿ementS and estimhtesthai are ￿aSOnable ana piu4eNt', stète whetherapplicable ac¢ouniing51andards have been followed.. plep3￿ finanaal 51atements on iheRoiDRconcern basls unless li Ss Inapplopiiateto presume Iharihecharity wll conrintse in opeI3tion, The tTU51ee5 awe re5PQnsible fDr keepin8 proper accounting fecord5 thai disc105e wilh re350vable accu￿(¥ at lime tht financlal pD511ion vf the chaiity and enRblE thern to EnsuTe thai Ihe financlal 51atemenls comply with rhe Charitie5 2011. Ihe Charitie5 IAccouDt5 and Reg0rt51 RegulaLION5 2008 and Ihe proy151ons ol %he tru5l deed. They 3rÉ a150 re5ponslblè lor sate8uardiTh8 thè a5iÈt5 of the thariiy amcl hente faFtalltyB reJ50nable 5te.p5 for the pre¥ention and dplettion D[traL￿ and other irregula11t￿S. The trusteeg ale re5pon51ble lor the maintenan¢e and Inie81lty of the charity and finan¢l31 Informatlon Included on Ihe tharlty's web4te. lew51atlo￿ ID Ihp Ur)irÈO King#Dm £oyerninB the PlEPafalioTr aqd di55emiTratiafi of financial 5t6ierDEnts m&y diMÈf trom le8i¥latiOn in athEr Nri5dittion This rewrtwasappro¥ed byihESociety's Boardon 24 April 2029and 5iRned on Its behalFbv' .L(ffiLI. l Lewis Chalrolsocletys Board V CheunK Honorary5ectetary G Clayton CEO HonoraryTreasurer 32

5od•tyof & Colow15ts1SD(I Year ended 3IDETr: • theinfoirnatloD Ewen in the Report ol the Tru5tep5 15 jllWDY5tent in aDymatetkl ie5pe(t with Ihefiftanclal 5t3temen15. lll b suffi￿ent aCCQUntlngrtc)rds n¢tbeen kept. or Ihe pa￿nI(￿bIlly.51Inanrl&lsI3lemEols a￿￿Or1￿ #Ereemertl with the accuyntyn1r￿0r￿s0nQ rdums., oi ReSpa￿s1￿111￿sd￿USlttI A5explairted more lully In ihe 5taTementol TntheE5RespanSibilinc& thE tru5teesaie respon&iblefcrf the PFepafatlDn of thp IIDanci45 5talem¢n15wfvi¢hwv@ Lrtsè ènd lair¥iew. for such Inteinal control a5 lhpiryslep5dpl￿1nl1ne i>neie5atytQ2tsblelhÈ preparaiion olfrDoncialstater￿n1Sth0t1fe free fro rnatet131 rfSStatemeDt. whpiherduEiofraudDrerror, In ptÈparin8thèfinanci31 MaiernentS, thetluSiee5are r25pon5lbletorassè5￿￿Bth￿ 8roup a￿1 PèrèntchèfltV'5 atrlllryto£ontinueA&agthDg con￿1￿. d1511051ll&85 applitrdble, mattèrs ielated iosoiniconcern and using trhe 801nE<oKernbagsolactountingunknthElrknSteseither Intendtoliqthidatetht thariryorlo ced5￿00[3tl￿nS. 01 have no rea115tic alLernatlve buttDdoso. 33

Thp sp<i￿V ol Dyers &CDlourisis ISDCI Year ended 31 Oe<ember IOZ4 Independent Audilaf s Rpport lo the Trustee5 ufThe Soclety ol Dryers4 Calour151s Isoa Audltors, respon51bllitle5 forthe audit of the financlolstatements We have beell appointed as audittsr& undef Section 144 Of ihe Chafltie5 Art 2011 report in accordance w+th the and relevant regulations made or having effett thereunder. Our objectives are io obtain reasonable assur3nce 3bout whether the flnaDcial ststernents a5 a whD1e are fre2 frorn material mlsstaternent, whether due to fraud or Error, and to Issue a Reportof the Independpnt Auditor5 that includes our opinioiTr. Rea50nablt a$5urance Is a high level of assurance, but is noi è guaraniee that an audit conducted In accordance wilh ISAS IUKI will always detea a materièl Missi3￿ment when11 exists. mI￿latementS can arlse From fraud or erfor and arE cgnsidEred material If. iivjividually or in the aggregate, they could rea5aDably be expE(ted to influeDie the ￿9￿0M1 decisions of users taken ¢n the baslsof these financial 5tatetnents IrreEulanties, iftcludirng froud, ore Instances of non-compliantr with laws and iegulaiions. We design proCed￿re5 In line with our re5PDnsibilitie5, Outlined abDve. to detect materlal misstatenieTrts In respect of irregul6ritiEs, includin8 fraud. The extent to whith Dur procedures are Capable of detectln8 Irre6ularities, includlngltaud is detsiled below.- Based t)Uf undpTStandin8 of the entity ènd industries in wh￿h it tsperdte5. WE Ideniifsed the prindpal rSsks of pon- compllance with laws and regulatlons related to the appllcation of charitable funds and data protection. We a150 considered those law5 and re8￿￿tionS that have a d1￿ct impact on the preparation of the financial 51atefftents such 3sthe Chantie5 Act 2011. We a55255ed the susceptibility ol the rharity's financial statement5 t¢ mateFial mi5Statement and how traud might gccur, ntluding throtsgh di5CU55ions with the diitctors, dlscu55iOnS Wlthin our audit team planning meeting, updating eur record of Inrernal controls, and ensuring these contro15 operated as Intended. We deiermined rhe principal T15k5 were related tv P05ting journal entrie5 to manipulate protit5, and management bia5 in accounting Estimate5. e5petiall¥ aitrbEd artd deferred Income. Toaddpess the risk of fraud through management bias and ovÈrrTde otcontrDIs, we.. Performed analytical procedure5 to Identify any unusual or unexpected relationship5 IdenEifiEd and tested journal entTie5 knd IdEntified any 51Énificant transactions rhat werE unu5val or outslde the normal cwrse of bt4s1nes5 Investigated the r3tionale behind Signif￿￿Trt or unusual transactions. Challenged assumptions and judeements made by management In determining slgnili£ant accounting estlmates, in partlcular in relotlon to accrued and deferred Income. In response tp the risk al irregularities and non-complianc2 with laws and re6ulattiJns, we de518ned audit procedvres whlch included, but were nul limited to.. Agreeing fiThanThal staternents di5clo5ure5 tTr ul￿erIy1DE SUPPOrtin8 docurnentatton. Di5CU5slons with management of known or suspected iD5tancEs of ntrD-compliènt* with laws3nd regulatH)ns. Reading the minutes of rneetinES of those charged with governance_ Reviewing correspondence wrth ielevant regulators as appropriate. At the completlon stage of the audit, the engagement partner's revlew induded ensuffQE that ihe team h3d approached thelr work with approprfate prnfw510nal sceptlci5m and thus the capacny tc Identlfy non<ornpllanEÈ wf(h law5 and regulations and fraud. There are inherent limilat￿n5 In rhe aud5t procedtsres described above and the further removed non-compliance of laws and regulations 15 frorn the event5 and traDsacLltins reflected In the linancial 5tatement$, Ihe le55 likely we would t￿[0￿£ awère of It, Also, the f45k of ntri detectins a mèteFial mi5Stalpment rElaling to fraud is highèr than the risk of not detectirl8 one iesultinÉ fiom error, as fraud may Involve deliberate contralment. A further descflPtiTrn ol our re5POD5ibilitie5 for the audit of the financial statemEnt5 15 located on the Financial RepDftini Counc41's 5vebsitt ai www.IrE.org.uk/auditur5re5pun5ibilitie5. This des¢Tiption forms part ol wr Report of the Independent AuditLirs. 34

The Swiety of Dyer5 & Colourists ISOCI Yearended 31 December 2024 Indèpendeni Audiior's Report to the Trustees of The Society of Dryers & Co￿￿rIS￿ ISDC) Use of our report Thi5 report Is rnade solely to the charity's trust￿, as a body. in accordance with Part 4 of the Chèrities IAccounis and Reports) Regulations 2008. Our audit work ha5 been undertaken so that we might 5rare to the charity's trustees those matters we are required to state to them in an audiiors. report and for no other purpose. To the fullest Extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity'5 trustee5 as a body, for our audit worl for this report, or lor the opinions we have formed. Thomas Coombs Limited Statutory Audilor Chartered Accountants 3365 The Pentagon Century Way Thorpe Park Leeds West Yorkshife LS15 8Z8 Date.. 14th May 2025 35

The Society ot Dyers & Colourists ISDCI Yeèr ended 31 DeLember 2024 Con501idated Statement ol Financial Attiwties for the year ended 31 DEcember 2024 (including IncoFTre and E¥penditure Actountl Permanent endowment tuDds 2024 Total Funds 202J Totsl Fund5 Unr95tfi<ted fvnd$ Restri[￿d funds Revaluation seThte Notes lllcome From.. DonatlQn5 haritablÈ activities Other trading attivities nvestment5 Other incorne Tc+tal Incvmt 1,680 146.769 7.058,200 174,505 6,900 7,398,054 1.680 146.769 7,068,200 174,505 6,900 7,398,054 22,OilJ 118,144 6.100,943 225,772 9,598 6,476A57 Expend￿￿re on: Raising funds Charitable 3ctivitie5 Taxatio Total Expenditure 5,829,175 1,085,451 182,827 7097A53 5.829,175 1,096,044 182,827 7.108.046 4.962,125 881,927 222,857 6,066,909 10.593 li 93 Net gainsllosses on inve5tment5 Gains/Losses on revaluation ol fixed assets Net rn¢orne forthe year 12 44.507 44.507 41.348 17 6.000 456,896 3WJ,601 110,S931 44,507 334,515 Transfers between funds Net Movement In fvnd5 26 3(￿.601 110,5931 44.507 334,515 456,896 Re<ontiliatlon of funds: Total funds brou8htfoYward at I January 2014 26 9.751,988 17.501 223.685 IQ,OZl,215 9.564.319 Totsl fund5 ¢atried forward at31 December 20Z4 26 10,052.589 17A48 268.192 10,355,730 10,021,215 All amounts relate to £ontinuinB operations. The con501idated statement of financial activities in£ludes all 8ains losses Teio¥ni5ed in the year. The r￿te5 paEe$ 41 to 61 forrn part of these financial Stat￿ents. 36

The Sociery of Dyers & Colourists ISDC Year ended 31 Decernber 2024 C*)arity Staternent of Thnantial Activitle5 for the year ended 310eLernber 2024 (including Income and Expenditure Acrtsuntl Permanent endowment lunds 2024 Total Funds 2013 Totsl Funds Unre5trlcted lund5 Restrlrted lunds Revaluatlon reserye Notes Incc•me From., DDnations Charitable actIV+￿e& Investments Other income Total I￿￿rne 601,680 146,769 118,952 601,680 146,769 118,952 529,292 118,144 111,745 42,708 801,889 867MII 867,401 Expendlture on: Raistng funds 105,50? 1,116,413 1,211.920 105,S07 1,127,006 1.232,511 Bl.239 874,640 955,879 10.593 10,593 Total Expenditure Net galnsl1o￿es on Investmenrs G3insltosses on revaluatKJn of fixed assets 12 44,507 44,507 41.348 17 6.000 1106.642 Net Income fortheyear 1354,5191 110.5931 44.507 1320.6051 Transfer5 between fund5 et Movement in fvnds 1354,5191 110.5931 44.507 1320.6051 1106,6421 Reconclllatlon of fvnds: Total funds brought forward at I January 2024 26 2,586.￿3 28.041 17501 123.685 2.855.310 2,961.952 Totsl lunds (attled Iiywaid at 31 December 2024 26 2231￿64 17,448 17.501 268,192 2.534,705 2,855,310 All amounts relate io continuing operarions. The consolioated stateTnent of financial attivities incluLle5 all gains and10sses reco8nised in the year. The nores on page5 41 to 61 form parr of rhese financial statements. 37

The Society of Dyer5 & Colourlsts1SOCI Year ended 31 Decernber 2024 Consolidaied 8èlance Sheet a5 at 31 Oecembw 2024 ZOZ4 2023 Notes Fixed Assets Intangible Assets Tangible A55et5 Heritage Assets Investrnents Investfflefit Pioperty 15 16 31,129 3,710,499 63,500 913,435 320,866 5,039,429 43,645 3.322.493 63,500 975,697 320,866 4,726,201 17 18 19 Current Assets Stock Debtor5 Cash at bank and in hand 20 21 2,762,698 1,768,081 2.677,972 7,208,751 2,496,222 1.284,076 3,433,387 7,213.685 Llablllties Credfjtors.. amounts lailing due wlthin one year Net current assets Tot31 assets less current liabllltles Crediiors.. amounts falling due aftef more than one year rovlslorts for Ilatslllties Deferred tax Total A55qts 22 11.118,7821 11,101,631> 6.089,969 11.129.398 6,112,054 10,838,255 23 1564,6831 1626,4261 25 1208,9851 10,3SS,730 1190,6141 lo￿21,215 The funds of the tharlty: UnrÈstricted funds AccLtrnulated fund Funds retained in SDC EnteTprise5 Grotjp Designated Funds Revaluation reserve Total Un￿5111<ted lunds 26 1,956,869 7,821,0 274,695 268.192 10,320.781 2,180,70G 7,165.905 405,377 223,685 9,975,673 Restricted fvnds PerTnanent endowment funds 17,448 17,501 34,949 28.041 17,501 45.542 Total Charity Funds 10,355.730 lQ,021,215 The flnanc$41 ststements were authorised for issue and signed on behalf of the SocseEV'S Board on 24 April 2025. Lewi5 Chalr of 5txl¢ty's Board M Catterall Honorary Tre3$11rei V Cheun8 Honorary Secretary G Clayton CEO The noies on page5 41 to 61 Form pan of these financial statements. 38

The Society ol Dyers & Colour(sts ISDCI Year ended 31 De£ernber 2024 Charity Balance Sheet as at 32 December 2024 2024 2023 Notes Flxed A55ets Intangible A55ets Tan8ible A55et5 Heiiiage Assets Investments Investment Pfopertv 15 16 17 18 10,024 722,335 63,500 1,359,134 320,866 20.056 713,377 63,500 1,421,396 320,866 2,475,859 2,539,195 Current Assets Stock Debtors Cash al bank and In hand 20 21 5.606 131,132 78.119 214,857 4,257 158,244 260,502 423,003 Uabllitles Creditors.. amounts failing d￿e withln one year Net Currenl assets Net Assets 22 1156,0111 1106,8881 58,846 2.534.705 316,115 2.85S.310 The funds of the charFty: Unrestricted fund5 Ac¢umulated fund Designated funds Revaluation reserve Total unrestricted funds 26 1,956,869 274,695 268.192 2,499,756 2.180,706 405,377 223,685 2,809.768 Restricted funds Permanent endowment funds 17,448 1?,501 34,949 28.041 17.501 45,542 Totsl Charfty Fund5 2,534,705 2.855,310 The financial statements were èuthori5ed for i55ue and si8ned on behalf of the Society's Board on 24 April 2025. Lewts thalr of Sodety's Board M Catter311 onorary Treasurer V Cheung Honorary Secretary G Clayton CEO The notes on pages 41 to 61 Iorffl part ol these financi31 statements. 39

The Society ol Jyers & Colourisls150CI Year ended 3L Decelnber 2024 Consolidated Sl)iement ol Cash Flows for the year efided 31 Decernber 2024 Reconclllatlon of net Income to net cash Ilow from operatlng aclivlties Group 2024 Total funds 20Z3 Total Funds Nei income lor the reptsrting period las per the Statement ol financial acliyitiesl Adjustment5 for,. Revaluation of fixed a55ets Revaluation of investment propertv Gainsl1055e51 on inwestments IProfitllLoss on disposal of fixed assets Finance income Tax expense Tax paid Amortisation Depreciation charge Decreasellin£rea5el in siocks Decre35elllncreasel in debtors IDecreasel/increase in creditors Net rash pro¥lded (used Inl Oper￿￿8 artlvltles 334.515 456,896 128,0001 144,5071 141,3481 176,2511 182,827 1183,2431 12,516 12S,580 1266.4761 1484,0051 35,462 1363,5821 168,7691 222.857 1234,2201 11.269 123,845 1494,9911 247.813 83,892 279.244 Cash nows from Investlng actlvStles'. Purchase of property, plant and equipment Purchase of +ntangible a55ets Proceeds from the sale of investmeThts Purchase of subsidiary Cash acquired in purchase of subsidi3ry Proceed5 from the sale ol fixed assets Purch35e of inve5tment5 Purchase of investment property Interest received Movement In cash held w+thin investments Net tash provlded by lused In) In¥estlng actlvltle5 1513,5861 1241,9921 378,307 IS6.103 1432,6991 343.101 1271.9551 1147,6811 1280,9421 68.769 12,1341 1537,4751 76,2SI 417 1330.S661 Cash flows from flnanclng athfvltles., Repayments of loans Net cash prfjvlded by lused in finan¢in8 0atvltie51 161,2671 161,2671 158,8361 158,8361 Ch•n8e In cash and Cash equl¥alents In the reporfnÉ perlod 1755.4151 1317,0671 Cash and cash equNalents atth• be8lnnln8 Df the reporting period 3,433.387 3,750,454 Cash and cash equivalents atthe end of the reportlng perl¢>d 2,677.972 3A33,387 The notes on pa8es 41 to 61 fofm part ol these financi31 statements. 40

SDr+eyolDyv5& Cglow15tslSiJCI YearEThtted 11 )E￿￿￿trI024 Notes tothe F￿￿Ié1 5tatemEDts Tho 5Ddety ol Dyer5 & CDIoufiSt 15 a charirable btsdy, intorpoiiiÈl by Royal Chartet IRCDfi15761 wilh the &D¥èrnSn8 dat￿ments bein& ihe Royal Chartetr119631, wfih Amendments, By-lèw$120091 and Rtsle$12011 2014, 2015, 2017. 2018 and 2019 as amendedl. The address ol ihe reglstered office IS shown in the Trbstees, Annual Repttrt The th3iuiÈ of thÈ group's OKfètiOnS and it5 Plifitipal attI￿lIeS ale outllTrÈd in the TrustÈes'AnnJal Report.Thepr¢senlaknonal¢itirency is steillngand amouvtsère i¢)undedto the neaYes1 oJe E. Ba515 of wtparnllon The flnan¢131 tat¢ments have beEn piepaied under tht h15toncal cost eoAvenbon, wilth Item5 t¢c¢Étyised at C051 ￿ irnnsatt1Dn valffts unless Drherwise 51altd in Ilie relevant note lo these arcoun15. The fin4ncial 5taipment5 haye been prepèred in 3ccordatte with the 5tatEmeni of ftecommended Prattice AccouDtivg and RepDrtiqg by Charities, preparing iheiT af£QUn15 ￿ accordancÈ wilh th¢ Financial PeportlnE Standard applicable In the UKanO Bepubii¢of IrÈland IFRS 1021 andthe ChariiiL% Act 201L The charity meetstte defiThltK)n ot3 pu￿￿Cb￿nèfi1en1ItyaSdefined by FR5 IDI. The rru51ee5con5ideT thai there are noi material vncwtsintiesaknut LheEharitY'sability tocontinue 35a goin&ccncern. The preparabw olfinantial statements in eompl*anLtwith FRS 102 reqvire5 the u5eoFcèrtaiTr critKal atcDuniingestimaies. tt also rpgMires8roup na8emefittu exorci5ejud8¢tnent in applying the group'5 accowtlifi8 palirie5. The 5ignificanl 3¢COUlltlnE ptrIIcie5 applied In the prepaTatbn OF Ihe5e finènclal statements are set otsr belnw. These polkies have i)een IOllS15teniiv appll£d to all yeaFS presented unte55 OthErw15e 5tsted. Basls ollsiliOn. Fund a<rouffltkn8 rund held bythe ¢bat14yaie'. • UDre5tricted fvnds- these are &eneral funds ¥vhkh can be ￿￿ed In accordance with the tharila￿e obiectiyes at the di5tte15Dn of tk IIu5tee5. IndLh#ed in unrestricted funds ale certaln des16n3ted funds set aside ￿ the iru5zees for sperilic purposE5. Rpstricied fund5 these 8rE lund5 thai cafj unly be used IDI particular re511irted purp05E5 within IhE otyjerts ol thè rhèritv. Re51iiction5 ar15e when specified by the donororwxen funds are ra15ed loi particular restrided puiposes. Pèrmanent endowment funds- the%e iepre5ent Ihe fixèd asset Investmeniswhicb must ￿ held permanently bythe chailty. The objectlvesDf ihev3f&DUS designaied, restritted and pernianenr eThlowmeM fundsare set our in note 26. 41

Th•5ot4ety ol LWw5& CglouFlsts150C) Yearended 31 Deceinber 1024 Notesto the Fiff8ndal 5t4tenieiitsl<wt4nuBdl IDcorne A11 Income frfjm mefftbefthlp subscftpfions. donaiion5. cnafltaèlearti¥ilie5. Income Ir¢m olherirnains artlYille5, Investmenr gOvÈiftmem and c¥piial grafits. •re iD¢luded In IhEStaiemEnl of Acti￿11$ when the SDCis enritied tothe incomo and the amount tan bequaniifjed with rea50nablè atturary. Investment Income and gèinslllossesl are allocated tothe èppropriate fund5. IncDmE Irvrnthe Sale ot8vpds is Te(o8Tri5ed Vlhen all of the loiiowlnB ionrSilion5 are 5atI5fYed.' • the groupha51rafisfeired Ihe 5l8nificanl risks and rewards ol ownership to the ￿Yer., • the Bioupreiains nEilher rontlnuing fflaD8Eeri¥l invoPment roihe d¥Fee u5ualty3550tlaled w the amount of fevenue be measured reliably.. the c05t5 incuried orto be in(uired In respect oFlhe transaction £8n be measured rEliabfyi. flald I￿Orne Taxable proti15 Iraty5ferred from ihe5ubsyjiar￿5 are recoÉDi5edasdonation5when the5ubsidiary ha5 made an lifevocable CDmmltment to thÈchariiyto pay theGIft Aid donation. DurinBthe year the charlty has received Gift A￿d frOm￿jb51dlarlQ5 01£6fo.ooo12023. £507.2921. Expendlture • Raising fund5.' The fo￿lOw1n¥ activitiE5- Iradinz £0st5 of the 5ub5idiary, car park lease, ro%t OF managing invesimeni$ 3nd general marketin8- are fDf the PUiPD5e of r31singfund5 Charitable a￿l¥ll1eS.' Th￿fOllOWin8 actiVllies- colouT expErience. membership and qualifications, publications. iechnlcal. the dayt4 day running cf the SDC con5isiing ol siafF and admiThistralivn cosis- are of Charitab￿ n3tuie and are provided tw the benefii ol mernbEt5 the 8ener31 public. * Gowernan¢è Costs Include the day to day 8o¥ernance rwnln8 of tbe SDC Con￿￿ting ol adminlstration costs Includin8 audii athj other protess￿n31 cosis, trustee travel. rrninin8.meetlnEs andexdude5 any (osr5runniThg fursds. All ie50ur<eseNpended areon an atcrual ba￿$. Gran15 payable arethar8È0 In Year when Iheoffetis ¢tsnyeyed to fhÉ re(ipieni Support wsrsand overheadsare allooied In IlTrtWlihthe re￿Vant per£enlage of IntornerecelvBbleforthat related activity. Tiading expenses lie those of the charity's wholly owned subsidiary and not Incluoe ary ul tharity'5 ovethead$ Support tDsts are IhD5e OF managingand admin15terinsthe 5DC and rewesent expense5 Incvrred attributable tc the maDa8ernent of charity'5 a55et5. Tanslble fixed a￿t$anddEpreC1alOn.heIrt￿t ￿￿1 le55&preclatlon. Depreciatlon 15 prowded to wiite thQ C051 or Valuation, le$5 Eslimaled residual WJlue5. 01 all the fixed a5sÈts e%eept freettold lan(t. over their expEcted usElul lives.11 iscalculaled on the fdlowing rate5'. FfeEhold pioperty FreehDld13nd Plani & rnathinery FuFnishing andgener31 eqvipmtTrL Leasehold improvements 5%straight lkne nvt Jeprec1atEd 15%-33.3% 5trai8ht line LS%- 33.3% 5traighl line overtheteim ofthe lease lwe5tment propertv In¥Eslrne￿t prDpeily is ¢•rrhd al fair value. derived from Ihp ￿[re￿I mafkE¢ wce5 foF tomparntrAt teal estsié determlned amually. Valuaiions ale based on Dbsertrable maik* priie5, adiusied if nece553ry foi any diffprenre in ihe nature. lo¢ali￿ oi tondiiknn of ltte speclfic assei. Changes in fair ¥alue are recognised in ¢he Incomeand exp2ftditure acwuni. 42

T￿esar￿￿tyUf ColuurlStslSDa Yearendpd 31 0￿mbEr Z024 otes tv the Finan¢ial 5tsternEDls lcontlnuedl 8ulldih¢re¥aluati•rt- InwstmÈnt Properry Hnd fvèehold Property The b351s ot bullding revalu3llDn was Marketllblue with vacant possession and eX15tin8￿5e. Re¥aluatlOll 15 FesfortnEd ltsaccordancewilh the RIC5 Valuatlon - Pfole55ional Standards January 2014 Edltlon Ithe 'Red Book I, where apPbca￿e having duo reBard to the Practice Siaiemen15 an Gbidan¢e Notes thereill for v31uations of this nèiure. Investment propEfty is carried at fail value deiE¢mined annubll¥ ￿ external valuer5 aTrd deTived from the currtllt market rents and in¥estment properly yield5 foF c(￿parable ieal esiaie. adjusted il nece55ary lof any thfferen￿ ID ihe naluie, lo￿110￿ 01 t¢ndlli¢n of the spetifjt asseL Ilo depfecwtM)n 15 provided. Change5 In lair value ale recoshi&2d In Ihe Cons￿l￿aled5Ia(effjent Df CoMpFehen￿ve Incotne. Mhedt A lud8efflent has been made to spllt ihe oropertyyalue beiween Invesrment property and frèEhold property tsa5ed upon the used tsy theGroup compared to ¢he area rented t￿tr￿al￿. HErftaEe a5Stts Heritage as5e15 &re initioTry fecoinised at cost and carried at hi5tQriC41 cust subjECt to any depreciation orimpalrment. Thechariiv adopted a poIKY ol valuation. Flxed355et ￿n￿StMents 5red Investments ale siaied at Investments In equiry shai@s whlch a¢e publlcty tratled Dr where tr lajr value caTr be measured rESiably are initially rnpèsuied at 1311 value, With chan8tr5 In fair value recognised in profit Oi loss. Invtsiments In Pquify shales whith are not publicty tiaded and where f01r￿Je£anDot be mea5UTed fell3èlyare measured at CQs1 less IM￿lm)ert Interest income on debt 5e¢ufities, wherE applicawe, i5 ieco8Tri5ed in inroThe using the eflEthve Inte￿$1 mohod. Dlvldend5 on equity 5￿UrIt are reco8nisEIJ In Incomewhen re¢￿￿8￿1E The iDvEsimerl in ihe 5DC's Lradlngsubstdi¥i 5DC Eniefpfises Umiied. is stsied èt cost, ￿ProvIs￿n for impèirrnent. Sto(k Stocks ale 5ts1ed at the bwer of cost and e5tlmared sellin8 Price less costs io cornplete and SEII. Cost15 determied u51nB the firsi.1n, llist.otst IFIFOI method. Work in wogres5 and finlsheo gaods Include labour and aitritsutableoverhead5. Thè t05t of finished gJtyd5 work in pro8rè55 eompnse5 direct matÈrials and. where appllcable. direct labour cosr5 ènd those o¥erhe3ds Ihèi have been incvired brinBin8th2 In¥enEDiles to Ih21F present IIKalion and condition. 11 Each rRpDrtin¥ date. sluck5atP aS%e5sed Ioi Impairmeni 115fDck5 are 1mpaired. the carrying amount Is reduced to It5 selling price les5 Costs tu COM￿￿te and sell.. Ihe impairmenÈ Ioss 15 reco8ni5ed imrnediately in piofiior1055 Oebtorsand uedltors re(efvablel payablÈwlthlnoTrÈye3r Oebtor5 and crediiois with no siored inieFest rate aDd iecelvable or pIya￿&￿Ilhl￿ one year are rewdÈO at vans3ttion prlce. Any10sse5 ar151n8 from impairmenrare rEccgni5ed In expenditure. 1Trtsfj8llA4assts Goodwill represents the thIHeren¢e between amounts wid on the u5t of a bu51nE55 cornbination and the acquirer'5 intErest in tho lair ¥alue ol tTrPa5ured èi tosi less attumulatfd amrtisatlDn a¢cvmul4ivd itnpairtnent low. Gotsdwill is amoitised ON a 51raighl-line bas15 to ihe con501id6i¢d siaiemenrof romprehen5iYe inrome over Its Useful economic Ilte IUEII- Trnsteu h3we asS￿Se& the UELof goodwilltobe 5years. Afflortisatir*ts Is provlded on Int3n8iblefixed a14ets so As to wrllt off th￿ cosl less 3ny È%Miated residual ¥alut over th￿¢ expeLtEd ts5eful life 05 Website Development Loan5 and tsoirDwin85 are inltiall¥ reto8ni5ed ai thE iransaciion price Including transaciion CQSES. Subsequpnlly. Ihey aTe measured ai amortisEd cost usingtheeffertlve irteresi raie method, less Impailmeni. If an arran8ementcon5tiiuie5 3 financelr3n5octi￿ll Ts rneasured at pie5eni Value. 43

The 5ot4etyvf wws& ¢ol&urlEtslSOCI y￿r eDdeol 31 DErefflber2D24 Provisions are recognised when theclTrarity obliEaiion atthe Dalance 5neei oaieasa r￿Ul1 oFa wtevtlli. it Is prOba￿e th an outfl¢w•l ecpTroMlc benefits wlll befequiFed1Tr 5ertlempnt the amouTrl can bEreliablye5timated. Leas¢s Leases in which 5ubsiantiall¥ all the risks rwwafds ol owneiship afe retained bv the lessoi are ¢l?SSified 35 opeF311ns1235es. P3yrnents made under OPPfaiillg leasE5 are thaiged 10 artd experndituiÈ atcounl Ofi a stiai8ht.llne basis ovef Ihe period of the lease. Leases are Llassified as finan￿ lease5whene¥Erthe ie¥rDs olthelea5etOll5fer substantlollyall the risks vewarlls olowrishlp Ioihe lessee. A55e15 held under finance le¥se5 are recogni5ed ai the lower ol their tsir v4luE at In￿ptIon of the lease the present value of the minlmum lease payment5. Thos* asgets ale depretiated on a siraiBhl-IIDe b8gls over Ihe shorter of the useful Ilfe of the 3sset and the lease term. The TfespDnding1iabllrty lothe le550r i& inilulled in the 8&8nie She& a5 a finan￿ le35e Dbli8ation. Le35e payments arè apportloned betweeTr finènre costs In the Income and expendlture account 3nd reducllon of the lea&e DbllB•tlon 50 a5 to a¢hiewe a Constanl periodic rate ol Inierest on the remaSnln4 balanceol the liabililv. FDrel￿(￿rru(¥ Fure￿n iurreTrcy Ir3Dsartions ère inlti311y tetognisÈd by applyln8 to the forÈign £brren¢y amount Ihe 5POtexchange iBte between the lunctkinal cwrency andthe for¢lgn C￿llenCy at the date Of thEtfansaLiion. m￿etary a5set5 amd liawlbliesdenominated In a lo￿l8n cvrreDLY at the balanceshew date are trnn4ated u5in8 thedosingrate. Pen51on ro5ts A definÈd contribution plan is a pension plan under which fixed contTibutioll5 are paid inia a w5ion IullLI the charitable cornpany has nD IE831 or construtiive obliKation io pay Iuflhel Coniritsutions e¥eD If the luné doe5 not huld %uffioETht asset5 to pay all empltyees the tenefit5 ielatlngio Èmployee seThice inthe currentand piiorperiods. Contiibulions lo defined ronlrtbutioh plan5 are iecvEll15Ed as eThplD¥ee btnefit expense when they ale due. It coniributlon payments e￿eed the contrlbution due foT SErvtte, the excEs515 recognised a5a prep)ymeM. Rtsearth and de¥elopments AesÈ3rth and dÈ¥eloprnent costsare wiiiten off lo the piofii and ID55 aCCo￿niw￿en incuried. Tax. ChJrfty The chality Is an exempl charity wtthin the rneanln8 Df Schedu￿ 3 01 thE Charitbe5 Act 2011 15 c¢nslderpd lo pass the iesrs out in Par31raph 15chedule 6 FinanceAct 2010 and iherefoie it rneetsthe definiiion ol a charita￿e Eompany loi UK corporation tai puiposes. T￿-TradIng5Yb$1￿Iar1¢s ThÈ lax Èxpense Ior tle perlDd comprlses current and deleired rax.Tax15 reca6nls¥d in profit or Ios5. except th?1 a rhall8È attribuiableto an item of Inujme orexfensp ieco8nised as othei Comprehen￿Ve incomeisalso reC￿nise{l directly ifi other COrnPfehen5iyp infDThe. Thp (Ufrenf Corporatbon tax charge Is calculated on basls of tèx rates and lèws that havt been en3Cted or Stsb5tantwely Enacted by the reporiifiE dale in Ih&£ountrieswhere the company opeiate$ and genttates iaxJble IncomE, Oeferred taxis Itcognised In iespect Qf all tirnln8dlfferews between iaxbble pronisand piofits reported ID thp finanEsal Statements. GJln8toThtem The financial 5talement5 beEn pfEpaied on a eoin8 i¢ncerTr ba51S a5 the tru5fee5 believe rhtl no mateflal un¢ertainrte5 ￿5t. The twstees have considered the level of funds held ihe eyperted level DI income ¥Dd ÈKpendliure lor 12 months from the date of a￿thOrI&Sn8 ihÈse rinancial statements. ThèLwd8ered inLvme expEndllure 15 5uffkie•t wSlh the level olos•rve% forthe thaity to be ablè to mntIn￿a$4 ￿ing ¢on¢ern. 50urresoFe5tlmalioTr uncert•lnty The kev a5stsmption5 concerninÉ the future and other key souices of esiiryKtion uncertainly at the reporting dale ihat have a significant 115kof causiw a ￿￿le[la1 idjustmenito the carfOngarnountsol3sset53nd ILqbilitieswiLhiil Ihe nexi nnancial ye31 Include.,

ThESucler¥ ofoyerts • thlpur55rs ISDq YEar endèd 310ecember1024 riotes ro ihe FIDanciai ststementsltoTrtlnued Llsefvl ewnornicll¥es•ltan8lble assets The annual depr￿latIon Ehafge lor tafj8lble assets their ca￿1￿8 èmounl 15 determined by the tslimated useful etonorn￿ Ilv&s and resldual value DI the assets. The useful ec¢noTni¢ live5 and Tesidual values are rE.a55e55ed annual￿ and amended when nece55aFY to rElleci current estimates, based on technolo8lcal ad￿ncerne￿r. fulufe Inve5trnEn15, eionDrniI Utili5ation and the phy51cal CDnditlDn of the ass. The carryi￿% amouni is £3,710,499120￿4532I.493). St￿1 prtsvlslo The gfOUP rnake5 an 25timat2 01 the reco¥erability of the c05t ol sloth. When calculating the 510ck yovlsion, mafiagernent conSidei the nature and condition ot thE siod¢, as well as 3ppl¥in8 èssumptlons oround anticipated 5aleablltt¥ of Nnlshed goods. The r4rryln8 amoynt 15 U,762.698 12023-£I496,2271 JmpalrmEnt pf dtbttj The Eroup makès an est￿Mate of ihf re(¢¥etablE ¥olue ¢1 irade ahd DlheT debiofs When 05se55ing the ￿Mpo1￿MEnt ol trade other dEbtDfs managemeni ctsnsiders factors which IncitsdE IhecutyeDt credit ntint of the ￿ebtor, the ègEIDg proftieof tlebtors and h15torital exper￿en[£. T cal￿n8 amount Is El.76E,OBI11023- £J.284.0761. Business comèinaiioD5 are acwunted lor usin8 ihe p4i<hase meLhod. Ihe coosideration fgi eath atqvisitlon Is mèasured ar ¢he a8gre8aie ol Ihe fair v31ues at WUlSition date of èssd$ 8i¥en. liabilitie5 incurred or a$5umed, ahd equity inrtrument5 155UEd by the EIDUP in exth•n8e fDrronirol ol ttte acq￿{red, plu5 any cost5 dlre¢tly artclbuiablÈ to Ihe bugness comb5￿4¢l0n. When a business combitlallon agrÈèment prD¥ides for an adjustment to the c05t Of ile comblnation coniin8ent on fvtuie events, the gioup Includes Ihe estimated amoun¢ of that adjustment in Ihe cosi ol the COM￿nall0n on ￿tUre events. the group inciuaes the estimated arnount of that odiustmeni In the w5t of tht combinaiion at Iht acqbisillon daieilthe adjusLmenr is PfDbèble and can be mEasuied rdiablv, Fèra)dal Irtrum4nts aa51c financial assets. includiTr8 trade and othei rece￿bleS. are lryltially reccw¥nlsed ar trans3Ction price. the airan8emeni c<￿$t￿t￿leS f(nJncing tran5aclK)n, where the tiansÈctloTh is mÈasuiÈd 31 the piesent Valuèof thÈ luturÈ te¢Èipt& discobnted at a market iète Of In￿rest lor a similar asset. Such a55etS Bre sub5eouently carried at amoriised co%r ￿lIne1he efle£ti¥e inierest method. At end of p.ach rppurtinE PErtDd financial a5seis measured at 3mDrtised cost arè Assessed for objectl¥e evidence of lfflpalrmenl. If an 355et Is Impa1red the impairrnEnl1055 15 the difference between the caflying3mo￿ntantt thv present ¥alue ol ihe estimaiediash flows diSco￿nIed at Ihe a55er's oriilha1 efFècrive Intwesi rate. The Impaiirneni Ios5 and any subsequent re¥er5a115 re¢o8nised In profit Dr1055. Financial asset5 are dereco8nised when lal the contractual rLqhtstO Lfier3sh nows from thè assèt epire orare seitled, u Ibl substantially all the 115ks and rewards ol the ownershio ol Ihe assei ale transferTed 10 another party or Icl tontrol of the a5SEt has been iiènsfefred to anoiher paity hD h35 Ihe piactical ability io unil3tetally sell the as1 to an UnTela¢eo third pariysvilhoui Imposin83ddibonal restrictsons. a51¢ fiAanubl li4bilitie5. iTh¢lud+nB trade other payables. ballk loans. loans from fellow group EofflpJnies aiml p￿terence shBres ihai aTe classifled a5 dEbt. are Initially iecogn15ed at transaction pri￿, unle55 the arrangemeTrl constitute5 a Thnancing transaction, where the debt tnstrume￿I 15 mea5ufEd al thEpre￿t wdlue Df the future recelpt5 dlscutrnted 013 rn3rkel rate of InterESt ￿ a slmllar debi Instrument. Debt Instr￿mentS ale subsequentlycaryied atamort15ed wst, USlnBthe pffectiveiTrterestrate rnerhad. Fln3ncki1113billtles3re derecognised when the liabililvise#tiniDished. thèt 15 V4heq the¢outrarttsal owikatlon 15 dischairted. fancelled or *vires, 45

The Sociery of Dyers & Colourisu ISOCI VÈar ended 31 DÈcember 2024 Noieg to The Financial 5talemerit5 Icontinuedl Inrome from donatlOnS Group 2024 Charity 2024 2023 2023, Gift5 and donation5 1,680 22,000 601.680 529,292 IntludÈd withln gSfts and donations is £Nil120Z3- ENill of restricted Incom¢ Income from tharhable artI¥it￿$ GTOUP 2024 Charity 2024 2023 2023 Day of Celebration Sefninars and conferences Books and publications.. Academic bDoks Childrens Coloration Technology Tr3inin6 Membership subscriptions UK Government grant5 Qualificètions orher 2,085 37,115 3,536 10,873 2,085 37,115 3,536 10,873 1.882 7,126 33,001 25,090 38.578 709 4,340 31,891 25,6fi3 40,097 1,882 7,IZ6 33,001 25,090 38.578 709 4,34a 31,891 25,663 40,097 1.715 177 510 1.715 177 146.769 510 525 525 146,769 118,144 118,144 All incorne frorn charitable 3ttivTtIE5 Wa5 unre5trirted in the current and p￿CeLlIng year. Afia1v5￿ of Income by adivity IGfPUP and Charity- current and previous year 2024 2023 Sefninar5 & conferences Training Qtsalifications Education 37.115 25,Dg0 1.715 63.920 10,873 25,663 510 37,046 Day of celebration Membershlp sUbsCr￿p1S0nS Member5hlp 2.085 38,578 40,663 3,536 40,097 43,633 Books- Academic OoDks- Childrens Coloration technDlr)gy Publlcations 1.882 7,126 33,001 42,009 709 4.340 31,891 36,940 UK Governfflent grants Other Other 177 177 525 525 Total 146,769 118,144 Intomefrom oiher tradlng a¢tfj¥ities Group 2024 Charity 2024 2023 2023 Tradift8 income frorn subsidiaries 7,068.200 6,100.943 All incorne from other trading acti¥Atl& Wa5 unre5tricte(* in the current and precedin% year. 46

The Swerv gf D¥ef5 & ColouiistsisDCI Year ended 31 0￿EMb￿r 2024 Nore> to Flnancial Statements It0ft￿TrUe#l thciHne trpm In¥e5tmeJbts Gioup 1024 Charlty zo 2023 ReDlal Iniorne Interest receivett DlvldÈnds from Ilsted Invesmi&nts 73,153 76.￿1 25.101 I?4￿05 130.379 68.769 2S.6241 2Z5,772 91.471 8L741 3,380 26.624 111,745 25,101 118,952 AU incorne from ifflvestmentSWa5uwesiricted in the current and pre¢edlD£ yEar. Gvoup 2024 Cbarfty 2014 2023 2023 cense fee reteived Trorn wb&diary Government 8r4nis Olhei Income Iwoffl subsidlane5 41708 3,698 6,9 9.598 2,70B All othEr incorne was ynrestrKred in thecurr2J)¢ èrtd wpcedin8Year Expend1￿re on ralsln8fvDds Group 1024 1014 isourced 8ener•l rn3rkeDft8 Bradlord Council car p3rk lease Inve5knentpmperty costs Broker fees TTrdin8 by 5ub5idiaiies 31￿88 4,550 63,267 5,802 5.723,668 5,829.175 28.474 .551 42A79 5,735 4,880,88S 4,96?.115 aL888 28.474 4,551 42.479 5.735 63.267 S,802 105,507 81,239 All expendlturÈ on ralsi*Rfund5 unfestncted In the cvNent and pretedinKye3r. ExpenthturEon tharitab￿a<tivrt￿Es Group 2014 tharlty 2024 2023 eooks- Chlldien5 ColoTrtion Techndogy alific3tions tosts Ttsining c05t5 Salary costs lirtlud+hg rEdunLlonrycostsi TTrvel and subsistenie Operabon31 costs Ilncludln8 propert¥Ca5ts1 Oepreciètion Go¥ern3nce costs (Note JOI Bur5ariE5 1 Awards Seminar3nd conlerencecosts Day of Celebrabon Other5tX ComM￿ttee$ lttètovefable inptstVAT PThis•on for the recovÈr3biiityof activlty and conference costs Dutsourced servlce costs.. Facllities rnana8ementser¥lce5 Eiternal aicountancy art4 consultsncy fEE5 General admin 5UPPOft HR helpline seThices BookkÈepin4 SeTr1￿4 Tre Coluuri5t 9,338 35,790 5,096 9.89V ),380 20,718 19B,d24 .961 61,682 14,722 106,075 17,969 950 49,837 9.338 35,790 S,096 30.576 4,788 4,615 378,IL4 16,S2J 163,767 25.704 56,357 IZ,559 31918 36.659 2.942 17,131 30,576 4,788 4,615 3?0,594 16,621 1&3,767 25,7ts1 56.357 12,559 32.918 36.659 425,559 20,71 198,4Z4 61,682 14,722 98.012 27.969 950 49.837 54.IJMJ 27.231 5,148 4,870 6,S91 4.679 39,124 28,8 1,095.044 ZO,124 5,737 6,302 3,89S 35.098 17,920 881,927 5,148 A,870 6,557 4,679 39.CIM 28.800 1.127,W6 ZO,124 5.570 6302 3.895 35.Dg9 17,920 874.640 47

rhÈ5oDeiv ol ￿er5& C￿0￿￿14ts<￿C> Yebi enOe4 3E Deiembpr 2024 Npie% lothe Financial Sraiernehts IcantinUEO1 9 ExpÈndltute on (harkab￿ i(t4vjtiEs Analy555 of expondlture byacll¥ly. fjro¥pand thath¥-¢urrerty4ar Support¢osts siaffc05ts Shared rwts IGo4mJncel rertrosts Totsl SÈminars&ccnfer2nces ID6,075 9,890 5,D56 121,06L 116,261 42.276 17.615 176,152 106,615 2S,DIS 10,891 142,S21 L8ft57 4,331 347,408 8L51Z 35.487 A64.4U7 24.673 Membership Management of C4lebratiOn ThE Colo￿liSt Bwsarte513wgrdS MembeFshlp 96,884 55,1S7 36.372 36,850 13.541 142.520 9,653 6297 6,379 2.344 24.673 162,294 105.868 197.259 39.415 414.836 27,969 28.800 14,722 71.491 35.13n 176.152 tywk5- Ai3dÈmlc Books- Children5 010￿1100T￿ChTr￿lO9v Pub]Kat￿n5 3.523 3.523 28.184 35.230 1,250 4,562 22.693 28,5D5 216 79D 3,928 4,934 4.989 18,?l3 90,595 113,797 9.338 3S.790 4S.128 Administrai4ve Kosu 52.846 42,756 7.402 103,CQ4 70 7,68 440.380 356.302 61.682 1,096,044 Grnypw￿ Charfty. prlor ¥wr reaw5ts Stsll¢o￿ts SharÈd costs 5upwrt ¢P6ts (GU￿rna￿e) Totsl 4Z,32J 67.138 30.576 151,2SI 139,645 41.858 45,361 378,IlS 121,965 113.535 34,030 36.89) 307.420 22.543 20,814 6,233 6.762 56,357 339.080 341.l3Z 112.702 89,013 881,927 Membership and Qualrfirati¢ns Administfatwe cost5 140.035 rotalexpendibjre on chaiitabk £i.og6,04412U23. £881,92710lwh1chEIO,59312023-£9.9511 wa5 vestrKted. Expefiditbrefor 5taffios15.shared r05tsJnd 5UPPDrt costshas been apportionEd acr055charpialÈ aCtI￿tIeSa5foll0Ws.' Educar47n a0% I2023- 40%> Mernber5hlpgnd Qualfficè110Tr5 40%12023- 36.yhl 8% IZP23- 11.1%1 12YA12023- I￿) AdministTrtiYecost5 GoVerna￿e r05ts Gmup Chartty 20Z41 2923 cornmftrte meeiirt8s Mi¥elkneDUS governance cost5 Legal le2sand Lfadernark proiettytyl 1.927 g.ILY& 16,481 1.029 2,799 14,795 2.5 2,IL 2.849 2.496 1,927 9,109 16,481 2.029 2,799 14.795 2.sro IL 2.849 2.806 2,849 1,438 61,6a2 2.496 694 18.IK>2 1,963 4.175 15.448 18.iXJ2 1.963 4,173 IS,448 TNsites trtinin8 Auditors remuneraiion- auLSit fee5 Audito15 rernuneratiQTr- Psep8ratign ttf finanoal 5tatement5 2024 Audit4F5 remunertbon- PrÈparat￿n olfinancial 5talEmenis 2023 eènk thar8eS Sub5criplion5& IKence5linc data proiÈ¢tionl Gran15 In 54PPOTt tsf SDC FÈ8IDns NiÈdal% & p13uues 2,S12 3,687 225 ?￿57 56.3S7 2,612 3,687 125 7.057 56.357 1.849 L438 61,682 48

The Society ol tTryerS & ColourisrslSDCI Yeai ended 31 Deceinbei-2024 Noies to Ihe Financlal Statèment5 Icontinuedl Taxatlolt The rharity is exEmpi from tak on income and gains falling Wllhin section 505 of the Taxes Act 1988 or sertion 252 of the Taxation of Ch8r¥eablo Gains Act 1992 to theexteni that theseafe applied to itschèritable objects. Group Charity 2024 2024 2023 2023 CorpoTat5on tox Currenttax on profits for the ye8r Adjustments in respect of previou5 peri￿& Deferred tax Ori8inaiion and fever5al of timing differences AdjustmÈnts in respect of prior per￿OdS Taxatlor 181,514 117.0581 188,243 18,371 34,614 182,827 222,857 Fa¢tors affecting taxcharge forthe year The tax a5sess2d for the year is lower than the standard rate DI corporation tax12023 - lower thanl in the LIK Of 25%12023- 25%>. The drflerences are exp13ined below,. 2024 2023 iOZ4 2023 Proflt on taxable artwltles before tax 1.406,985 1,301,349 Profit on tèxgble activities multiplied Oy standard r)te of corroration tax in the UK of 25%12022-19%1 Effects 01: Expenses nor deductfblè for lax purpose5. Other than goodwill amort15ation and impairment 351.746 325.337 453 929 Difference in ac£elerèted CA'S dueto qual dep'n Effett of tax rate charges Under/lovÈrl provision in prioryear Other timing differences leadinÉ to an increase Idecrea5EI in taxation Super deduction diflerence Distrlbutioo to pèrent made sn Aid L05ses noi provided far Goodwill amortisatloh 11,7991 1.073 117,0581 1,353 110.7621 12.2091 20,326 1461 1126,8231 15,982 311 1150.OL￿) 621 Cèpltal allowances on investrnent property addtion5 13,7501 Total tax chargelorthe year 182,827 222.857 FartQf5 that may affert luture tajt tharges There were no factors that may affect future ch3rg¢s. Netlosses Investments Group Charhy 2024 zozj 2023 Realised gainsll1055esl Unrealised gainslllossesl Gainlllossl on revaluaison of investment propollv 44,507 41,348 44307 41,348 44,507 41.348 44,507 41.348 49

The Society ol Dyers & Cdouri5ts ISDCI Yeaf encted 31 Decembei 2024 Noie5 to the Financial Slatements l£onrinuedl Analysls otstaff costs, tFUStee remunerailon and expenses, and the ¢oSt of key manazement Group 2024 Charity 2024 2023 2023 Salaries and wa8e5 Social security Costs Pension costs 1,974,884 159,220 190,672 2,324,776 1.579,266 150.698 152,738 1,882,70? 358.545 34.017 32,997 425,559 316,154 23.723 31,117 370,994 The group paid f 27,111 12Q23 - £23,478> In ￿SpeCt of employer's life 3ssur3nce contribution5 and £10,248 12023 - EII,8801 in ￿SpeCt of efnployer's prbvate medical rontributlons during the year. The ¢harity paid £4.228 12023 - £3,886) in respect of employer's IWe a55uranee contributTons and E6,74412023 - £3,719) in respect of employer's private medic21 contribution5 during the year. There w2re 3 employee5 of the group *lth employrnent beneffts in excess of £60,000120Z3 - 31. Group 2024 ChaTIty 2024 No. 2023 No. zoij No. Bands.. £190,001- E200,000 EIOO,(KII - £IIO,000 £90,001- £100.000 £60,001- E70.000 The number of siaff who received In excess of £60,000 to whom feiirement beneliTS are accruing under defined tontrlbutions scheme5 was 3 12023 31. Group 2024 Charfty 2024 IOZ3 2023 Employer'5 pen510n contrubutions to delinEd contribufion schemes in respect of the Èmployees feceiving in excess of E60.000 72,014 72,014 55,464 55,464 16,979 16,979 16,094 16,094 The key rnanègemeni personnel of the group Include5 a director fmrn SDC EnterprisES, CEO of 5DC Charity and Deputy CEO ol Charity. The total employment costs to the Sroup was £48D,84812023- £453,038>. None of the Trusrees12023 None) have been paid any rernuneration or received any other benefits from the Charity. Durlng the year 5 Trustees 12023- 61 were relmbu￿ed for expenses incurreLI on behalf of thE Charity to the sum of £2.72112023- £1,784>. Ourin8 the year 8 TTU5tEe512023- 111 were invoiced for subscriptions totalling £92512023 - £5061. Ai the year end rhere wa5 £Nil due from Trusrees. at the prevK)us year end £Nil was due IFOM Tru5te85. J4. Average ￿all numbefs Group 20VS Ch3rfty 2024 No. zozj IJ No. Charitable activitles Manègement adrninistration 49 56 42 48

The Sociely of Dyer5 & Colourists15DCI Year ended 31 December 2024 Notes to the Financial StatemÈnts Icontlnuedl 15. Intangible a55ets Goodwill Website Development Total Group Cost At l January 2024 Additions As at 31 December 2024 233,831 30,083 263,914 233.831 30,083 263,914 Amortisation At l January 2024 Charge for the year As at 31 December2024 210,242 2,484 212,726 10,027 10,032 20,059 220,269 12,516 232,785 Net book value As at 31 December 2024 As at 31 December 2023 21,105 23,589 10,024 20,056 31,129 43,645 Webslte Development Charlty Cost At l January 2024 Additions As at 31 December 2024 30,083 30,083 Amortisation At I january 2024 Charge for the year As al 31 December 2024 10,027 10,032 20,059 Net bi>ok value As at 31 December 2024 As at 31 December 2023 ID,024 20,056 51

Ihe Socieiy of Dyers & Colourists1SDCI Year ended 31 0eiefnber2024 Motes 10 the Financial Statemenis Icontinuedl 16. Ta￿lble fixed assets Plant, machinery and eq4Jlprnent Leasehpld Improvements FreehDld property Total Group Cost or revaluation Cost at I lanuory 2024 Addit10fj5 Reclassification/iraftsfer Disposa15 AcouirEd throu8h businESS cornbination C05t ai 319ecember 2024 81.925 1511,31g 337,569 4,049,742 176,017 6.542.986 513,586 170,6101 170,6101 81,925 2,848,888 4,155,149 7,085.962 OEpreciètion at l January 2024 Chèrge Forihe year Elirninated ort diswsa Atquired through bu5ine55 combination Depreciation at 31 December 2024 70,598 5,412 3,149,895 120,168 170,6101 3,320,493 125.580 170,6101 76,010 3,299,453 3,375.463 Net book value at 31 December 2024 Net book value 3131 De£ember 2023 5,915 11.327 2,848,888 2.511,319 855.696 799,847 3,710,499 3,322.493 Freehold property held by the charity was revalued in March 2025 by an external valuer, Thi5 wès conducted by Wolker Singleton Chartered Surveyors, at open market value in accordance with RICS Valuatlon Practice STatements ol the laie5t edition of the ftICS V31uation Professiona Standard5. Valuaiions are carrled out on the basis of M8rket Value 35 defined in Valuation Prattice 5t3temenis VPS 4.1.2. Included within the book value of ltynd and tjtsildings of subsidiaries consolidated is £2,158,888 ifi ￿$pert of freÈhold land and buildingg. The freehold property was valued at £I,5{K).￿o by Walker singleton on 27 Ortober 2020 on an open market bèsks. Since this date there have been addltions to the freehold property at a C05t of £658,888. The historic81 cost of the Ireehold property above 3t 31 December 2024 was £2J88.94512023 - £2,551,376), Furnishlftgs Thd equipmertt leasehold Improvements Freehold prgperty Ttstal ChaFIty costor revzluat50 Cost al l January 2024 AdditlOnS Trènsler from Invesiment propertv Cost at 31 December 2024 45,439 690,IXIO 123.477 24,887 858,916 24,887 45,439 690,ODD 148,364 883,803 Depreciation at l January 2024 ChaT8e*or the year Eliminated on revaluatlDn Depreciation at 31 December 2024 45,439 ioo.ioo 15,929 145,539 15.929 45,439 116,029 161.468 Net book value at 31 DEcernber 2024 Ner book value at 31 Oecember 2023 690.000 690,000 32.335 23,377 7Z2,335 713.377 Fretrhold property was revalued in March 2025 by an external ¥aluer. This was conducted by Walker Singleton Chartered Surveyors. at open market valuÈ in accordance with RICS ValuatioD Practice Statemenrs of the latest edition of the RICS Valuation Profe55ional Standards. Valuaiions are carried out on the bas￿ ol Market Value 35 rjelined In Valuatlon Practice Statement5 VPS 4.1.2. The historlcal cost of the freehold property above at 31 Decernbw 2024 was £653.99612023- É653996I. 52

The Society 91 Dyers & Coloupists ISDCI Year eThdÈtt 31 Decernber 2024 Noie5 to Ehe f Inancial Statements l¢ontinuedl 17. Herltage assets Group and charlty Herlla¥e ssets Brought forward as ljanuary 2024 Additions 0i5P05815 flevaluètion Carried farward 31 Decernbef 2024 63,500 63,5tN) Nerltage as5els include 8 cdlection of hF5t¢vical artifacts held b¥the charity that have been donèted over the Y￿rs and acqu+red dating backto rhe Incept￿On of the tharity. Heritage 355ets were revalued in January 2024 by an exte¥nal valuer FDf iD5urance purw)ses. The valuation was conducted by Gary Don Auctioneers nd V3luers. Herlta8È a55ts not been recoBnlsed In the balance Sheet A collection of heritage 3ssets are not recognised In the balance sheet, information on their valuaiion is not available and such information canftot be obtained at a c05t commensuraie with the benefit to the USEF5 of Ihe ac£oun15 and io the charity. These a55et5 include iiem5 of mu5eurn exhibSts whlch a￿ uncat?loBued and would be extrefflely dlfficult io due tts the nature of the collection. Ihvutmentj Realisedl Llnreallsed galns At31 December At l January 2024 Addiiions Isposa15 2024 Market value Quoted investmentsat mèrket value Cash 966,999 8,698 975,697 271,955 1378,3071 14171 1378,7241 44,507 5.154 8.281 913.435 271,955 44,507 Quoted investments at cost 853,058 853,058 Invesfment in 5ub5idiaries SDC Enteipri5es Limited SDC Iniernational Limited 445,600 445,600 99 445.699 445,699 A deiailed listing of investmenrs will be avallable at the AGM and is available lu Members on request. The inVE5ltneo15 are h￿d pr4maiily to provide an inve5tnTrent return. Invesknonls in 5ub5idiarie5 5DC owns 100% of the El ordinary shares issued in SDC Enterprises ￿Mited, the investment is E445,60012023 - E445.6001. SDC Enierprises Lirnifed Icofnpany number 004331971 owns 11)0% of the El ordlnary Shares 155ued In Sam Weller bmited Icornpany number 004331971 amd lOO% ol the £1 ordinary shares issued in Northern Dyers Limited (Company nurnber 022569901. ￿SU115 of both compane5 are consolidated in these rinantial st3tefflents. The 5DC'5 investment Sn 5DC Internbtional Icompany number- 043099701 rewesents £9912023- £991 ordinary shares of Él Èath which is whollv owned. All 5ub5idiaries a￿ inCor￿rated and registered in England and Wale5 53

The Soc>ety of Dyers & ColodrLSts1SocI Yearended 31 Qecember 2024 Notes io ihe Financial Siaiements Icontlnuedl The consolidated re5uIt5 of the Erading subsidiarie5 for the linancièl period were as follows.. 202A 2023 Turnover Other Income Expenditure Profit forthe year 7,068,200 6,100,943 62,453 123,625 15,906.4951 15.146,0761 1,224,158 1.078,492 Asseis 10,D57.024 9,508,211 11,736,317) 11,811,663) 8.320,707 7,696.548 Net a55ets 19. Invemment Property Group Freehtsld lthvestment Pyoperty Valuation At l J3nuèry 2024 Additions at cost Revaluat40n5 Transfers Itollfrom freehold properry At 31 December 2024 320,866 320.866 Charfty Frtrehold In¥e5tment property VJluailon Al l January 2024 Additions at cost Revaluailon5 Transfers Itollfroffl freehold property At JI Decernber2024 320.866 320,866 fjroup alld Charity Inve5tmenr property wa5 revalued in March 2025 by an e￿eMaI val￿er. This was conducred by WBlker 5in8leton Chartered SurvEyor5, at open m3rkÈi value in accordance with RICS Valuètion Praclice Statemenis of thE latest edition of the RICS Valuarion Professional Stapdards. Valuations are c8med out on the basis of Market Value as defined In V3luarion Pr3(tice statem￿1$ VPS 4.1.2. The historical £05t of the freehold inve5tFnent property above at 31 December 2024 wa5 £323,33E12023- E323J361. 20. Stock GrouFr ZOZ4 Charity 2024 20Za ioij Raw materials and consumables Work progre55 Finished 8ood5 for re$3le 761,546 195,548 1,805,604 2,762,698 681.517 229,937 1,584.768 2,496,222 5,606 5,606 4.257 4,257 Total carrying arnount of stocks pledEed as secur+fyfor liabilltie5 was £2,757,09212023- £2.491,9651. 541

The society of Dyer5 & Colourist51SOCI Year ended 31 Pecember 2024 Noies to rhe Financial Sthtements Icontinuedl 21. Debtor5 Group 2024 Charlty 2024 2013 Amounts fallln8 wllhln one year Trade debtors Amounts owed by 8roup ktndertakings Other debtors Prepaymenis 1,233,639 1.061,470 14,222 54.193 43,669 19,(M8 131,132 13.887 85,155 41,633 17,569 158,244 166,539 367,903 1,768,081 118.086 104,520 1,284,076 A speclfic bad debt provision, 3mDuntin8 to E40,052 12023 £40,052), has been raised in respect of amotsnts due from SDC EC. The b3d debt recognised within the Statemenl of Financial Actwity for the year was £N¥l12023 4Nill. A speclfic bad debt prowsion, amounting to £54,00012023 £Nill, ha5 been r3i5ed in respect of amount5 due from SDC International Ltd. The bad debt recognised within the Statement ol Financial Activity for the Charity during year was E54,00012023 -£NIII. The bad debt recognised within the con501idated Statement of Financial Activity for the giovp durin8 the year was £Nil12023- £NIll. Cred5tors: amount5 lallln8 duè wlthln one year Group 20Z4 CtrÈarity 2024 2023 2023 Amounts lallln8 wlthln one year Bank loans Trade credito Tax@5 and Social Security Accruals and deferred income Other creditors 61,267 309,41S 124,631 593.467 30,002 1,118.782 60,791 412,178 143,061 465.202 20,399 1,101,631 85,230 11,890 38,853 20,038 156,011 22,776 14,214 54.074 15,824 106,888 Deferred Income relates to income reteived for stsbscription and member lees whlch Is not rÈlatable to the year end 310ecember 2024. Credttor5: amounts fzlllng due after more than one year Group 2024 Charlty 2024 2023 20 tsank loans 564.683 564,683 626,426 626,426 A debEnture is in place which includes a cbarge over all assets both present and luture DI the subsidiary SDC Enterprises Limited dated 9 February 2016. in respect ol the bank103ns held by the Group. The bank loan above 15 secured on the propertv lo which il relales to. Loan5 Group 2014 Charlty 2024 2023 2023 Bank loans- Amounts Falling due within one year Amounts lalling due 2-5 years 61.267 564,683 625,950 60,791 626,426 687,217 55

The Society ol Oyers & Colourists ISOCI Year ended 31 Decernber 2024 Notes lo the Financial Statements Icontinuedl Z5. Deferred tax Group 2024 Charlty 2024 20Z3 2013 At beginning ol year IRele3sedllchar8ed dufing yeaT At end of year 190,614 18.371 208.985 156,OfAJ 34,614 190,614 The provision for deferred taxation is made up as follows.. Group 20Z4 Charlty 2OZ4 20Z3 2023 Accelerated capital allowances Other timing diffefentes Losses clfwd Total 208,985 190.614 208.985 190,614 56

The S<)r.ieiy of Dyers & ColDufi5fs ISDCI Vear enrjed 31 Decemb&i 2024 N)le5 tv rh& Flnanc1al Statements Iconiinuedl Funds- ¢utrerrt year Fund balance DIIOI12924 Galns Net movement Fufid bJlan¢e L055es In frJnd$ 31Iiz12024 Intome Expenditure Tran51er UnrÈ5trirted funds Accurnulated fund5 Z,180.706 867,AOI 11,095.2381 4,000 1223,8371 1,956,869 0È51Énatedfuftds Centenèry ÈdueatDnal tru Tordoff memorial Unfunded projects reserve Total de5ignatedfvrtds 60,9Q9 94,885 249.583 405,377 14,IZ91 14,1291 14,0001 1122,5531 1130.6821 56.780 90,885 127,030 274,695 14,0001 1122,5531 1126.6821 14,0001 Revaluat￿0￿ Reserve 223,685 44,5D7 44,507 268,192 Total unre5trfrted ￿Thd$. Charlry 2,809,768 867.401 11,221,920) 44,507 1310,0121 2,499,756 Restrlcted funds George Dou8las Lecture Turner scholpr￿eFd Award Future Te¥tile Oyers Fund 1,730 8,510 17.801 28,041 1.730 8,510 7,208 17,448 110.5931 110,5931 110,5931 110,5931 Pemian?nt endowrnent fimds George Douglas Lecture Turner Scholefield Award Veronica Bell Award 2,128 2,497 12.876 17.501 2.128 2.497 12,876 17.501 Totsl fufid5. Charlty 2,855,310 867.401 11.232,5131 44.507 1320.6051 2,534,705 Funds rétained in tradln8 Sutisidiaries 7,165,905 6530.653 15,A75,5331 655.120 7.821.025 Total funds- 10.021.215 7,398,054 17,108.0461 44,507 334515 10.355,730 57

7he Society of Wer5 & CulDu¥ists ISOCI Veaf ended 31 Decefflber 2024 Notes to the Financial Staiemeiits Icontinuedl 26. Funds- previousyear Fund balance 0110112023 Galns and Net movemen* Fund bal8ts¢e L055e5 In fund5 31/IZI20Z3 lTh¢ome ExpendTrture Transfer unre￿rICtEd funds Accumul3ted fund5 2.315,275 801,889 1943,3591 6.901 1134,5691 2,180,706 Desl6natel fund5 Centeriary education81 trust Tordoff memorièl Unlunded projects reserye Total desiEnaied bjnds 63.478 96,385 254.984 414,847 12,5691 12.5691 11.5001 15,4011 19,4701 60.909 94.885 249,583 405,377 11,5001 15,4011 12,5691 16,9011 Revaluatlon Re5eNe 176,337 47?48 47.348 223,685 Totsl uThrestrlcted lunds- Charfty 2,906.459 801.889 1945,9281 47,348 196,691 2,809,768 Restrirted lunds George Douglas Lecture 7umÈrScholefieSd Award Future Textile Dyers Fund 1,73Q 8,510 27,752 37.992 1.730 8,510 17,8ai 28,041 19.9511 19,9511 19,9511 19.9SII Pemianent ¢ndowmentfund5 George Douglas Lecture Tumerscholefield Award Veronlca Bell Award 2,128 2.497 12,876 17.501 2,128 2,497 12,876 17,501 Total funds- Charity 2.961,952 801,889 1955,8791 47.348 1106,6421 2,855.310 Funds retained in tradin8 subsidiaries 6,602.367 5.674,568 15,111,030) 563,538 7,165,905 Toial fvnds- Grotsp 9,564.319 6,476.457 16,066,9091 47,348 456,896 10,021,215 58

Tho Sodeiy ot Qyers & Colourist5 ISDC) Yeai ÈwTrded 31 Decernbef 2024 Note5 to the Financlal Statprnents1¢ontlnuedl 26 Funds l<ontinuedl The spedfit purpose for whtch the funds ale to be applied are as follows. Desl8nated Fund$'. Centenary Educatlonal Trust Fund Established in ile 5DC's Centenary yeaT119841 to provide flnance to stimsjlate the recrustment of highly talented and well-rnDtivated young people onto full-time IDurses in colour scienEE and technologv. Tordoff Memorlal Fund Established In 1992 in memory of the late Dr MaL*ri￿ fordoff, former Chief Executive and General Secretary of the SDC. To pro￿de finance to support students undertaking part-time education in colour science and technologv. ijnfunded projects reserve Th15 fund is designated loi additional Gift Aid received over and abDve the Societ￿$ Board agreed bzseline level required for general running ol the Society. These reserve5 ale then available via the Project Evalualion Gioup IPEGI for specific projects to develop the SOC products and Services. Restrl¢ted Fuftds.. George Douglas lerture Represents Incoffje arisin8 from the George Dou8135 Lecture permaDent endowment fulld and the use of that income. Tumer Stholefield Award Represents iniotne arising from the Tumer Scholefield Award permanent endvwrnent fund and the L152 ol that fn£Dme. FutureTexUle Dyer5 Fund To support the apprenticeship program FTCCTCC. thi5 rnoney has been received from Worshipful Company of Dyers. Ptmianent Endowment Fund5: Geor8e Douglas Lecture The Lecture was started in 1948 with a fund establtshed by the Bradford OyeFs' Association Ltd to finance a biennial memorial lecture. The lerture to be on a Subject re13ted to the dyeing and fin¢shlDg Df textiles. The fvnd now allows for Fromotln8 edut3tion In colour science and technology by the holding of public lectures. Turner Scholefield Award A medal, 8warded annually, to an A5SOCi3te of the SDC, under the age of 33 who hè5 made the most notable contribution to the scieThce and lechnolo8y of colouring matter5 and thei¥ applicaiion. Veronlca Bell Award Presented to the winner Df the student Interrsaiional Design Competition in memory of the SDC'S first lady presidenl, Veronica Bell. Revaltsatlon reserv To record any 8alll5 fiom revaluations of freehold property and Investment property. 59

The 5orieiV ol Overs & Colouilsts ISOCI Year endEd 31 DeCe￿ber 2024 NDtes to the Flnanu31 Statements Icontinuedl 27. Analysls of net assets by funds- Group PeThanent Aestricled EndowmÈnt Funds Fund5 Revaluailon Reserve Funds Unre5trirted Funds Total Funds At 31 December 2024 Intangible fi-xed assets Herita8e a55et5 Tangible fixed asser5 Investments 31.129 63.500 3,710.499 913,435 320.866 7,153,258 11,118,782) 1564,6831 1208,9851 10.300,237 31.129 63,500 3,710,499 913,435 320,866 7,208,751 11.118,7821 1564,6831 1208.9851 LO,355,730 Investment property Current a55ets 37,992 17,501 Long iemi ￿labIlitIeS PIovi510n5 for Iiabllilies 37,992 17.501 Analysls of nèt as$ets by funds. Grovp- prevlous year Ptrmartent Endowment Futsds Re¥aluztion Reserve Fund5 Unrestrl¢ted Fund5 Re5trfrted Funds Total Funds Al 31 Detember 20Z3 Intan8lble fixed assets Heritage assets Tangible fixed assets Investments Inve5trneni property Current assets 43,645 63.500 3,322,493 975,697 320,866 7,168,143 11.101,6311 1626,4261 1190.6141 9.975,673 43.645 63,500 3.322,493 975.697 320,866 7,213,685 11,101.6311 1626.4261 1190,6141 10,021,215 28,041 17,501 Long term liabilitles Provisions for Ilabilities 28,041 17501 Analysis of chanzes in #et debt Nèt debt at l January 2074 626,426 60,791 687,217 Cash flow Net debt 31 December 2024 564,683 61,267 625,950 Long term borrowin8S Short term borrowings 161,7431 476 161,2671

Th2 Sapjety OT Dyers & ColouTiSt$15DCI Ypar 31 December 2024 otes to the Finlncial 5t•lernents Icontinuedl Cornn￿tme￿ts uThderopei•tiR lea5e5- le5Seq At 31 Decembei ZO24 the gmLtp and rherharty had future mlnimum lease payments under nonns di5c105ed aknve, the charity's ordy related pany trangattions were wlth who14y owned 5ubsidiarie5 and acCordin￿V ha¥e nDI been di&closed. Ultlmate CMtrol The 5D£iety of Dyers & (olourlsts Is a ChaTtable body SDC Voting Member5 elèrt the fru#ees to be Voting mernbÈr5 of the Society s Board, and the tru5tee5 ultimately control thechorfty. 61