ALL CHANGE ARTS LIMITED IA COMPANY LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 R•g1st•r￿ Comp•ny Numb•T. 1964724 R•gl•t•r•d Charlty Numb•r. 293972 All Chang• Arts Llmlt Contents Pag• Referenc* and Administfativ• D•tai Trustees, R•port Indewndent &¥amin8rs' R•￿rt Statement of Financial A¢tiwtKps Balance Sh•&l 10 Notss to the FlnaneAal Statem8nts 11-21 All Change Arts LlmStsd Reforenco and Admlnlstratlva D•tall$ For The Year Ended 31 March 2025 Tru•t• G. M. Evans J. M. Mason A. G. Cgzar S. Singh N. Mirzaie A. Bwks N. Henrtques Comp•ny S•cr•tary S. E. L•• Charlty R•glstratlon Numb•r 293972 Company ReglgtratSon Ilumb•r 1964724 R•gl•i•r•d Offlc• 27 Dingley Place London EC1V 8BR Ind•p•nd•nt Examln•r John Howard FCA Azets Audit Servic•s Limit•d 2nd Floor, Regi3 House 45 ￿'n9 William Street Lon(lon EC4R 9AN Bank•r Co)p&r81ivt Bank PLC 1 lslington High Slreet I￿ingtOn Lon¢*Jn N19TR K•y M•nay•m•nt P•Y¥¢nno1 Artisbc Director- Suzann• L8• Associate Dir8ctor- tssa Stolworthy All Change Arts Limited Report of The Trustees For The Year Ended 31 Mar¢h 2025 The Iruste8s who are also directors of the charity for the purKKJS•S of the Comparbies Ad 2006, presenl their report wilh Ihe financial stalemenis of the charity for the year end 31 March 2025. The trust885 have adopted the provisions of the Accounting and Reporting by Charities.. Statement of Recornmanded Practice applicable to charities p￿paring their ac¢ounts In a¢cordan¢• with the Financial Reporting Standard applica￿8 in the UK and Republi¢ of Ireland IFRS 1021 leff&clive 1 January 20151 OBJECTIVES AND ACTivrriES The trustees conf mi th8t they have referred lo the guirjance contained in the Charity Cornmission gener81 guid8nce on publi¢ benefit %then reviewing the ¢harilys aims and obje¢tivos and in ￿annIng lutur8 activrt18S. In the period from April 2024 to March 2025, the Company has managed numerous projects designe¢J to maèt All Change's im5 and the ne8d5 of our partners and participants. In shaping our objectives lor the year and planning our activlties. Ih8 trust885 have Cor￿108r8d the Charity Cornmission's guklance on public benefit. The Company relies on grants to cover its operating costs. Our Aim All Change- wOr￿lasS art made by, with and lor cornmunibes. I Change brings 8rbsts and iyJmmunit￿s logelher to transfomi Ilves. Our work re8chè5 peoplg of 811 ages and backgrounds, especially those who would not usually have the opportunity to participate in the art5. We are commrtied to partnership. Collaborat￿n, innovation and risk taking. Our projects are cross art fomi and interdisciplinary, led by exeeption81 artists. We produce original and authentic arts 8xperience5 which make ¢onneCt￿n3 betseen people. Based in north London Since 1985. Al Change- ambi1￿uS for ¢oMmUn￿.e$, ambrtious for artssts. Ours is a continuing story of connection, C￿laboratIon, care and celebration. of ambition and actiwsm, of listening and leaming, of changè and transformation for iryJividu81s and communities. ACHIEVEMENTS AND PERFORMANCE In 2024125. All Change has d8signed, managed and delivered a fvll programme ol sutcessful project5 Wlth communities in north London. and contribvled lo strategic local and national at1s and community engagern8nl inibaliv8s, mov8ments and conversations Our 2024125 programme.'- 1. Strate ic initiatlves The cornpany continues to lake a str8t8gic leadership role in Ihe development ol community arts practice and the emer9in9 civr arts rnovernent in north London and beyond. We work in a hyper local way which resonates with the work of national and intemational partners.. working in (x)Ilaboration our diverse community in north London and an exceptional team of A5swate Artists from different dtsciplines, in partnershipwith mulliple cross-sector partnèts, chosen for their particu18r experience and expertise. Thi5 y*aT, as wtr approach tyjr 40m birlhday, w8 have t*en undertakiry a process of reflection and reimagining with our whole community. supported by freelance consultant Daniel Baker Wells, to ensure the company conb.nues to thrive and fulfil its Fx)tentkql lo serve ils community in the futur8. We continue to develop and test new approaches lo working cieatively with communities. sharing what we Ixeate and leam wth others. Our approach embraces change, Innovation and learning, exploring and developing the role ol arts and cuIIuTe in society, and the role these play in bringing joy and conneciion, building resilience, and developing understanding belwèen communities. We continue to deliver key partnership prograrnmes including Islington Word Fests'val12012-20251 and 8 Creatsve, our arts activism programme with young women 12011-20251. With our cornmunily. we have ¢ontFibuted lo the development and animation of culture and sanctuary strategies for Islinglon and supporte(J Refugee Week an¢J Borough ol Sancluary initiatives for our hom borough. These initiatives see Ihe company working in collaboration with art5, cultural and cross-secior partners lo achiev8 ex￿lIent outcomes COwcreal&d with communitios and to dèvèlop praclice in th8 civic role of the arts. All Change continue5 to develop ¢ornplementary programme strands to support Ihe C￿atIve and professional development of local young adults and community members and lo embed Iwtd experiencè across the cornpany's work and programme. Our Atts Award, Young Creative5 and Community Pr¢)ducer programmes utilise co-creation to design and develop new approaches lo skills development. a¢¢redilation. work-based training, leadership and paid employment opportunities lor young peO￿e age 16-25 and local adults age 25+ in creative settings. Thi5 year ￿1 Change's ¢eam and those involved in our programmtr, have eontribut8d to conferences. ¢onversalions, artides and events wlh organisations including Islington Council, City Bridge Foundation, Islinglon Giving. National Poetry Library. London Museum and Arsenal in thÈ Ccénrnunity All Change Arts Limited Report of The Trustees For The Year Ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE - continued Young Creatives and Communi¢y Produ¢ers . Emerylng Atts Professlonals - embedding lived experience and based training opportunities for 1fv25 year olds and local comrnunity members ag8 25+: Since 2009 AJI CharvJe has delivered a programme ol employment opportuniti85 for emer9ing young professionals and local peop￿. The programme Indudes Young Creatives lage 1&251 and Community Producers lage 25*1. Both roles are paid 8t LoTh4on Living Wage. Thi5 programrn8 enables us lo embed and embrace the value tsl lived experience throughout our work. roles are projecl-based- flexible posrtions which COll¢reate and co-produce project5, developing skills and kno￿edge through workiw", and others ar8 office-based - developing project management and administration skills. Team members bring their lived experience expertise lo the work and in turn gain valuable work experience and receive fom￿1 training In Iranslerable skills such a5 FirstAid and Saleguaiding. In 2024125. Al Change has erYyloy8d g individuals in paid Young Creab'vè and Cofflrnunity Producer roles, incI￿1Th9 neurodivergent and dISab￿d people. 3 young pa￿￿t$ who are previous Inspire project participants, and 4 Community PrcxYu¢ers age 25+ All Change has emF4oyed more than 70 indiwduals sincè 2009 through this initiative. 1 individual has progressed lo a lulktitne office-based fole and 1 to the role of Associate Artist thi5 year. We have also engaged 6 peoplt sètking sanctuary in volunteeri19 roles on projects and events thi5 year. Arts Award Inltlativ•$ . d8v8loping new mcrtlels of delivery a￿0$$ the arts and educatlon sectois.. I Change has delivered Arts Award (Trinty Guildhall and Arts Cwncil England) since 2(M)8. supporting over 140 young people to achieve Bronze (Levèl 11. Silver ILevel 21 and Gold (Level 3 - 35 UCAS poinlsl. through partiCi￿lon in arts proiect5 in inlormal settings. We conbnue to develop ways to integrate this aCt￿ltatIOn into projects. to enable young people who may not flourish in mainstream educ8tion. lo achieve qualifi¢alions wh￿h recognise thèir creatNe 8chiev8m8nts. 18 Chlldr8n & Farnili All Change has ctsntinued to ¢Jevelop proJ8Ct5 designed to en93ge youtyj people and families this year. including partnerships Wth Endurance Land. Tha W8tèrrnan, Macquarie Bank. London Metropolitan University and London Museum. Each project includes pai Young Creative lyoung adults 1&251 andlor Community Producer (local community members) rdes within the project teams. ensuring Ihal projects are dèsi9nsd and dèlivared in collaboration wlh those with lived experien￿. Cr•alive- arts ￿l$v1Srn projects lor young women led by young wornen.. B Creative, launched in 2011, is an Arts Activism programme led by young women for young women aged 1fv25. The project welcornes all young people who identify as young wcymen including dlDeaf, disabled and neLJrodivergenl young women. LG8TQ+ young women. and young women from global majority and ethnically diverse backgrounds. All Change has engag8¢J leatns of Young C￿alive$ in paid roles over the past 14 years lo c￿PrOduce the projecl alongside inspiring professional fetnale artists respgnding to the needs, wishes and interests of young women. To date. B has provided over 30 paid roles for young women. The project engages young wornen who fa￿ barriers to parti¢ipalion and who are at risk. Work ¥wth a locus on arts activa5m, is delivered in partnership with exceptional arts companies Induding.. Autograph ABP, London Museum. Ap￿e and ￿Me1￿8 Thea1￿. Young women make photography. poetry, dance. performance and music work and creabve campaigns which address issues that matter to them and share their woth with public audiences in arts settings. public spaces and online lo make change. This year young women have reated powerful putAic facing work responding and contributing to public discourse around wornen's safety and 9ender-based vi018nc8. aiming tu change hearts and minds through positive messaging. They created a powerftjl online campaign and exhibrtion- Neighbouthood/Sistefrl)ood, in partnership with the Centre lor Equity and Inctusion at London Metropolitan University. for the UN 16 Oays of Adivism125 November- 10 December 20241. The 8xhibition at Resource lor London. included live conversation events. Artwork transferred to The Foundry in Vauxhall. Homespun, a partnership wth Endurance Land. saw young women working with associate art151 Francesca B88rd, illustrator Grace Attlee and professionals involveij in lh8 creative industries. technology and life suences, to create art for hoardings around a new development in King5 Cross. A launch eventtook place in April 2024 marking Earth Day. Th8 young women curated theirown'summerof Softness'prograrnm8 for Ihe summer 2024. induding visits lo exhibitions at Barbican. British Library. Tale Mtyjern, National Portrait Gallery and The Photographers Gallery. mixed hwlh a complem8nt8ry programme of artisl-led reflective acliviti8s. The programme culminated in an Autumn Almana¢ poetry zine and Softness Soiree event. io wpport people through thewinter months. In spnnglsumrner 2025. as partolAI Change's participation in London MuseLJm's Comtnunily Associate prograrnme, the youn9 women curated and delivered Stfeets to stor￿5, a crealive 8V8ning walk through the clly. from 8arbican Centre to Aulograph, inctuding water painting. storytellirKJ. active listening, poetry P9rforman¢es and a visit to an exhibition al Autograph. Insplrel- a uealive leaming programm8 for young parents and pregnant young women aged 14-25 in Islington.. Inspirel provide$ an a¢crediled cr6ative leaming programrne of arts activities - including music. photography, film-making. p8rfomiing arts and ¢￿atIve wnting. designed to support young parent5 to develop skills and confidence. eXp￿sS their idea5, create high qLJality work and shape plans for future leaming lo achreve their aspirations. c￿alIve engagement activities are totnplefflented by a programn)e ol advice and support around edueation, parenting and health delivered by project partners. This year young parents have enjoyed visits lo see pantomime al Hackney Empire and created Queen MoÈhers, a series ol photographic portraits inspired by medieval queens. wth da Silve5tri. which are exhibited at Macquarie Bank to celebrate 40 years of the Macquarie Foundation. The young parents have worked th artists Marysa Oowting. Cecilw Knapp, Aida Silv8stri and Tolu Elusade this year. Inspirel began a yaar of celebration to mark its 20" birthday wilh a special evtsnl in April 2024 and a midsumm8r party at The Waterman in June 2025, bringing parents and children from across the 20 years iogÈther. All Change Arts Limited Report of The Trustees For The Year Ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE- continued Recreate- a creative workshop prograrnme for young paEnts aged 19-25 and Iheir children.. Recreate is our project for young parents aged 19-25 an(J their children, which addresses a recognised need to provide a project for younger parents and their children together. This year we have delivered a programrne ol interacts.va arts events lor young farnili85, including pholo studio. hisFhop dance and visual arts a¢bvities. offering take away Kleas to U58 Wlth their ¢hildien at horne. Mum$ the Word- a creative podcast wojecl for rnum5 ag8 25+ Mums the Word is a sister project to Inspife and Recreate for mums aged 25+, cwroduced wilh young parents. It builds )nnections an¢J supports parents to dèvelop skills and confiden￿. Participating molhers have cxeated and launchèd an original Fmxlcast series Throwing Glitt8r, working with artists including Talia Randal, Cecilia Knapp. Fran￿sCa Beard and Tony Nwachukwu. 3. Civic Arts- connectin cornmunltles and bulldln und•rstandln We have continued to build and glow our wider Civic Arts programme this year. aiming to eonned and build understandiro amoro communities. especially ttr￿se experiencing Isolat￿n- *n¢luding older people and those seeking sanctuary. This work responds lo thè challenges crealed by 15 years of austerity. an increasingly hosti18 8nvironment for migrants. the cost of living crisis and the Irnpact of the pandemi¢ and Brexrt on the communities we Serve. 11 builds on the success ol our approach and positive responses from our community to opportunities lo work and come together. This wider programme is delivered in collaboralitsn with a range of cross secltsr partners including Almeida Theatre. London Museum, Islington Libraries, Actors Touring Cornpany, Greenwich & Docklands Inl8rnalional Feslival. Housing 21. Kow Gardens, Nation81 Poetry Library. the British Llbrary, l(Kal eontingen¢y hotels and Arsen81 in the Community. Well V8rs•d- creative events and activit￿$ for older p80pI8 ag8d 55+: BuilditvJ eonnectson and strengthenirvJ ¢ornmunity amongst older pèople, Well Versed is our company of older people. participate in weekly sessions led by Fran¢es¢a Beard, creating extraordin8ry crealive v￿rk. which 15 shared Ihrough public performance events, publishing and online. This year th8 group has enjoyed visits to The Premises studios in Hackney. to record their poetry and taken scKial media by storrn, wth over 10.000 views of a poetry performance on the S(xrthbank Centre's Instagratn. Following thè success of their participation in The Keyworkers Cycle IT? 2022 and 24.Day in 2023. ltte group helped create and performed in 81..Life, alongside members of our Sanctuary group, a new community show al AlmeKla Theatre in August 2025. This 15 the second of a trilogy of shows to be created and performed over the wming few years in partnership wth Cardboard Citizens nd Amekla Theatre. In October 2024, the group performed at their own Speaal EdIt￿n event at National Poetry Library, Ma￿Ing the UN International Day ol Oldtrr Persons and National Poetry Day 2024. Golng Plac•s- dance, photography and poetry project for older in residential and day ￿ntre s•ttings'. I Change continues lo delI￿r règul8T poetry and movement sessions wth th• Mildmay5 Extra Care fesidents and at Evergreen Day Cenlre. This ongoing programme is punctuated by celebrations in residential, library and arts settings. wrth rnu5ic from local DJ land Well Versed mÈmberl Johnny Clash IAKA Lloyd Coombes) and Special guest appearances. The prwct brings 8rti$ts and older people together and brings older people and their work into arts, cultural and puNic spaces. All Chang8 Associate Artist Franc8sca Beard works with isolated older people whts have lirnited mobility and other health Issues including demenlia, using uealive activities lo tell stories and build connections. Participants are supported to create poetry and to C81ebrate. sing and [T￿e together. On 24 Septernber 2024. for National Arts in Care Homes Day 2024. we published And18unched Still Lile with Alovwnent, an anthdogy of poetry by Mildmays resid8nls, with a party and special guest P8rtorrnance from John Hegley. Fevered, a short movi8 message by the Nevert)ILte group al Ever9reen Day C8nlre, helped launch the rebranded centre and wll support everyone to stay w811 in th8 cold and flu season. Mildmays residents and Well Versed members also h81p8d launch 'Wel¢om6 10 the G0Dn8frVe￿e'_ an Arsenal themed poetry book by Dave Seager, featuring poems by All Change community groups. wrth è spÈtsal event at Arsenal's Emirate's Stadium for Worfd Poetry Day 2025. with special guest Michael Rosen. Sanctuary - a prr*3ramme ol ¢reative projscts with peop18 58eknry sanciuary in Islington.. Working in partnèrship with Isl¢ngton Counril's NRPF. Refugee and Migrant S8rvi¢e, All Change is delivenng a programme ol work designed to build understanding. ¢onneclion and belonging. Every Thursday. a mixed group ol people with NRPF INO Recourse lo Public Funds) including residents in local contingency hotels from countries Induding". Iran, Sudan. Pakistan, Nigeria, Kuwait and More. come together to create poetry, photography and performance- and to build connections. Creative work. including poetry and photography. has been shared at evenis for Refugee Week. Ukraine Independence Day, at Cally Festival and WXSP, where parti¢ipanls also led their own photo studio activit185 for the wider Community. Members of the group performed stori85 as part of Bodies ol Water, a show by Aclors Touring Company. directed by Mallhèw Xia al Greenwich and Docklands Festival 2024. For Refugee Vveek 2025, the group delivered an interactive ¢￿ative actwity al 151inglon Assembly Hall,. published NatU￿- a poetry and photography zine, exploring stories and meanings of trees and herbs from around the world.. and Curated and hosted an immersive SUpery￿wers￿ppereVernI al Lorrflon Museurn stud￿$, featuring a nine-wurse t8$ts'ng menu with dishes frorn around the globe introduced with poetry and stories. This weekly crealive programmè is punctuated wth inspiring vi5iis to London's arts and ¢ullural venues- including British Library, the Aga Khan Centre and Kew Gardens. alongside OPPDrtunities to be part of Al Change's wKJer projects prograrnme. Four older participants have joined our W811 Versed company and five participants perforrned in 81..Life at Almeida Theatre. All Change Arts Limited Report of The Trust¢¢s For The Year Ended 31 Mar¢h 2025 ACHIEVEMENTS AND PERFORMANCE- Contlnued Holloway Arts Programme - Stock Orchard W••k•nd Arts Club - a creative comrwnty engagement programme for resid8nts in Holloway Ward.. As part of Islinglon Council's Thriwng Neighbouthood5 prograrnme and working in partnership with Holloway Ward Counci11grs, I Change is ijelivering a creative cofflmunity 8ngagernent proje¢l in Holloway wth residenis on the Stock Orchard Estate. The estate has little prior comrnunity engagerrent and no shared community buildings. All Change has engaged artist Sahra Hersi, to lead the project, bvhich has included a weekend arts club overthe surnm8r rnonths, delivered in the ¢ommunal garden. aimlng to build cgmrnunity rdationships and to shape ideas for L¥èaliv8 interventions lo improve the look at feel ol the estata. CreatTrv8 Producer WORD Fe$tlval 2012-25 a year-round programme celebratin9 reading. writing and freedom of expression.. WORD is an established part of lslin9ton's ¢ullural ¢alendar, produc8d and cura18d by All Change il highlights engag6m&nt work whith creats'vely involves words. wttere communities. art5 organisations and libraries work together. WORD has È focus on engaging and amplrfyiryJ the v(Mce5 of (xjmmunilies who are underserved and underrepr858nted, using arts and Cumu￿ to rèduce 15018tion and loneliness. providing a platfomi for new and oftèn unheard voices and stories. Since its inception. WORD ha5 seen local residents woth and perfomi alorigside htgh profile artists inclkjding Michael Rosen. Inua Ellarns, HussaiTh Manawer. Cecilia Knapp and John Hegley.. and work with companies induding Cardboard Citizens and Almeida The8tre. This year's programme has shined a spomight on publications and events induding.. - ¢he Speual Edition event wth Well Versed at NationalPoelryLibrary at SouEhb8nk C8nlr8', celebration$ with resiilenls at the Mildmays,. partormances by Sanciuary and Well Versed participants for R8fiJge8 We8k, Cally Festival and Whitecross Street Pèrty. a Worfd Poetry Day celebration al Arsenal FC with Mich8￿ Rosen and Dave Seager. Ihe publication ofAn Autumrj Alm8n8c and Human Nalure zines. by B Creative and Sanctuary participants,. and partnership projects and performances with Alm&da Theatre and London Museum. During 2024125, the (xJmp8ny has continued lo consolidate ils practice and raput8tion f(x delivering high qualily and impactful arts work in cornmunity setts'rys. through a variety of means.. Successfijl part￿rShipS with diverse wblic. private and voluntary sector organisalions induding." rneida Theatr8', Autograph.. London Museum., Centre ol Equity and Inclusion at London Metropolitan University.. Enduranc• Land". rh8 Waterrnan., National Poetry Library". British Library: Arsenal in th8 Cornmunity,. A¢tors Touring Company and GieenwKh 8nd Docklands International Festival. Lead81ship of str8t8gic initiatives in Islington induding WORD Festwal and the Im8gin8 lslinglon Cultural Leaders Ne￿rk. New strategic relationships with London Museum. as a Community Assoualè and As$ocialg membership ol the new national Citizens in Power Nelwork. Partiopath)n in the BWJ ￿lIan0 CoRe programrne 202415, wth Ma¢quarie Bank, Slaughter & May and Expedia PartiopatK)n in national conversations, nehvorks and ￿MMunitieS of practice including.. - What Next?,. Centre for London's RoLsndtable 0￿ Arts 8nd Cultural Engagement lorLondon.' DISRUPTwilh London Mus8um, Arts Council and Guildhall Schc f Music and Drama.. Acls of Solidantywth Autogiaph. Presentations ol and about All Chang8'5 work induding.. BBC Radio London's Jumke Fashola Sunday morning show.. a Special Edition at National Poetry Library., London Museum's Communily A$s￿late panel event., WXSP Iwhilecross Street Party).. Cally Festival and Islinglon Gtving's 15 year ¢elebration. Presentation of a g¢anl posler116m x 6ml at HIgh￿ry Com8r for a fortnight in July 2025. offering a meswo of hope arvj solidarity to our ¢xJrnmunity. in partnership with Maximus. Publishing hi9h qualily print and digital products, which share th8 creativ8 outco￿￿$ and leaming from our projecls- includiTrJ Throwing Glitter a hpisode podcast by Mums the Word on Ac85t, Spotify 8nd Apple podcasts,. Still Life with Movement FX)etry anthology by the Mildmays ￿sIdentS,. Hurnan Nature - t￿try and pholography zine by our Sanctuary group,. and An Autumn Almanac zine by B Creative. Launch of the AJI Change online Bookshop. making our publications availab18 to a wider audienc8. A Wortd Poetry Day ¢ollatx)ralive Instagram post wlh Arsenal Football Club. achieving over 1.5 million vlews Exhibitions and presentabons of photography and px)8ty work at Macquarie Bank. London Museum Studios, Resource for London and The FouTKJry In Vauxhall. Developing projects which use So￿al rnedia, 8speThally Instsgram. to engage with communtties and to share creative wotl( both In the UK and Internationally. Our proj8Ct cas8 Studies and images featuring in the publications, websites 8nd publicity of leading funding bc%liÈs, art5 companies and programme partners. including Housing 21. Developing ourAssociate Artists programme which sees arb'sts working nw)re closelywlh us, bringing new skills and contacls to the Company. and fresh idea5 and approaches lo the work. Increasing and diversrfying audien￿$ lorAI Change events and through our online and sori81 media preserte. All Stars I Slats is our Individual giving Scheme, developed in partnership with Macquane 8ank volunteer5, as part ol the Cripplegate CoRe partnership scheme, launched in November 2012. All Stars provides a rnechanism for individual givin9- induding one and ￿gUlar onlinè donations, and new fundraising initiatives. All Change Arts Limited Report of The Trust•es For The Year Ended 31 March 2025 FINANCIAL REVIEW Revlew of the charity's financial perforrn8nce at the end of the perlod During 2024125 Change has worked to deliver useful creative ￿SPOnse9 to hvjh social nead whilst sourrAs of th8ritsble support remain oversubscribed and public funding has redu￿(j. De5￿te the challenging climate, All Change is pleased to have secured adequate income lo enable the company 10 balance its annu81 budget and end th8 year in a healthy financial silion. Tumover has In¢￿aSed by 13Q/4. buildirig on a similar incxease last year. As the A¢hievements and Perforrnance narrative describes, ￿1 Chan9e continues to develop a varied p)rtfolio of projects which n8eessitates an annual jigsaw of incorne from diffe￿nt Sour￿$. Securing a diverse range of financial support is one of All Change's St￿n9th$, helping u5 to increase our financial sustainability and build our financial resilience. This has induded participats.on In The Big Give Christmas Challenge match funding pr￿raMrne in 2024. A further inuease in All Change's carried forward unr8slric¢ed fund5 is another positive for the year ended 31 March 2025. Roserves policy I Change Arts Limiled endeavours to maintain 5ufficienl reserves lo ¢over overheads and salary costs lor a minimum of three months operation. At 2025126 levels All Change's ovetheads and salary costs for three months am(￿nt to £36,870. As at year4nd 2024125 Change holds unre$tri¢ted reserve funds of £37.038. A rev*ew of the current re58rves level and r85etves policy is Carried out annually. Al Change maintains this level of unrestricted reserve in order lo satisfy the conditions listed below.. lo meet wntra¢tual liabilities should the OTgani$ation have to Close. This includes ￿dUn¢jancY pay, arr￿Unts due lo creditors and commilments under leases.. to ensure that Change can continue to provide a stablè and qu81ity Service. Within Ihis context to minimiso re¢ruilment. staff training. staff inducts.on and rnarketing costs by avoiding the need for redundancies caused by financial crisis., to meet unexp8cl8d (x)Sts like break down of essenbal office machinery, staff cover re illnass. p8ri0ds of extended leav8. and legal costs iJefen¢Ying All Change's interest., to r8pl8C8 equipment as it wears out.. to prowde working ￿pital when funding 15 paid in arr8ars. STRUCTURE. GOVERNANCE AND MANAGEMENT Constitution The Company is a charitable comphny limrtéd by guar8ntge, number 1964724 and was set up by a Memor8ndum of Association on 25 November 1985. The Company is also a registered chBrity, number 293972. M•thod of appointmvnt or election of tru5t885 The management of the Company is the responsibilty ol the trustees who are elected and co-opted undie5, comrnissions. 8n¢ approa¢he5 10 corporale funders and Indiv1dual givets. 2. A¢iions ol colleagues nvals or new enlranis 10 our marke15 Ihiealen All Change's ability lo secure funding and conlracis We will priorilise efforts 10 raise our profile. creatin9 awareness 8nd new audiences We will use experience and expertise 10 conlinue invdvEmonl Iparticipalelconlribulelleadl in sir21Ègic local nalion81 communi118S of PTaclice 3 InsufficieDI access lo unr?51rried lunding Ihre81ens All Change's Gapacily lo fuel 9rowih and execute desired 51rate9￿$ Ihvs daniagin9 Ihe fuiure and sirengih ol the organ1581ion e 9. cufTenl lack ol unresirictèd fvnding limits R&D and Iraininglco2chinglmeDlOllng needed lo develop cil￿en-1ed waciice, more equitable governance and leadership. 8nd sutces510n planning As well 3s the r.onlrols in place 10 manage risks 1 and 2. we will continue lo moniior and consider all avaikqble funding op￿rtUnitio5 and work lo secure longer-lerm13 trjlo-yeail proiecls In order lo beiier and Invesi In the organisalion 5 Qngoing development STATEMENT OF TRUSTEES, RESPONSIBILITIES The Iru5tee5 aTe responsible fcy prepaiing the Tiustees. Report and the financial slalemenis. In atcordan¢e wfjlh applicable law and United Kinqdom Accfxjniing siandards Iunlled Kingdotn Generally Accepied Aceouniing Practi￿> Comp2ny1aw reouire5 the Iru51ees lo prepafe financial slalemenls lor each fin2ntial year, which 9ive a true and fail view of the stale of affairs ol th8 charitable conipany and of the incoming re50urce5 and application of resourees. Including the income and expenditure of the chaniable Company for Ibe year In preparing these finantial siatetnents the Iruslees are quiied 10 select suiiable accouniing ptslicips and then apply them con5151enlly. observe Ihe methc￿5 and pIinciples In IhÈ Chanlie5 SORP 2015 IFRS 1021. tnake iud9emenls and eslimales thai are reasonable and Pfudtrni. 51ale whelhpr applicable UK Accounliry Standards have been fdPowed subjecl lo any maierial dgpaNures disclosed and explained in Ihe financial siaiemènts. prep3re the financial slalemenis on the going concern basis Un￿$$ Il is Inappropriate lo pr95um8 that Ihe charilable ccxnpany will continue in operaiion The Iruslees are respon5Ible for keeping adequate accounting records th81 Oisclose. wilh reasonable accuracy al any lime. Ihe financial position ol the charita￿e company and enable them 10 Ènsure Ihai Ihe finapcial 51alemenis comply wilh Ihe Cumpanies Act 2006 They are a150 iesponsible lor safeguarding the a55els ol Ihe charyiable company and hence for iaking reaSDnable steps for Ihe prevenlioD and deiection of frauLI and olher Ifregulaliiies This repon I',H5 been prepared In accoTdance wilh the Slaiemepl of Racommended Plac1￿e. 'Accounling and Reporfing by Chariiies, afid in accordance willi the special provisions of Pan 15 of Ihe Companies Aci 2006 ￿lating io srnall eniilies Approved by order of the toard ol Iruslees on 10 November 2025 and sgned on ils behalf by •*f J Ma50ti All Change Arts Lirnited Indopondènt Examlner's Report For The Year Endod 31 March 2025 l ￿port to the charty trustèès on my èxamin8tion ol the accounts of Ihe cornyany for the y9ar ended 31 March 2025 which are set out on pages 9 to 21. Responsibilities and basls of r•port As the charity trust88s of Ihe company land also its dlrectors for Ihe wrposes of company lawl ytsu are responsible for Ihe preparatK)n ol the accounts in accordance Nwth the requir8menls of Ihe Companies Act 20061'th• 2006 Acl'l. HaviTrJ satisfied myself that the accounts of the company are not ￿QUIred to be audi18d under Part 16 of ¢he 2006 Act and are eligiblè for indeperKlent exarnsnation, I report in respe¢l of my exarnination ol your wmpany's accounts as canied oul under section 145 of the Charits'es Act 20111.the 2011 Act'l. In e8rrying out my examina¢kon I have followed the DirectKJns given by Ihe Charity Commisswjn undèr sècllon 14515llbl of th8 2011 Act. Indopendent examiner's statement sin￿ the company's gross inwme exceeded £250.000 y(xJr examiner must be a member of a body listed in section 145 of the 2011 Act. I confim) ¢hal l am qualif18d to undertake the examination because l a member of The Instilute of Chartere(I Accountants in England and Walès. which is one of the listed tojies. I have compleièd my èxamination. I confim Ihat no matters havè come to rny attenlion in connection %￿th th* èxaminabon g￿ing me cause to b81i8ve Ihat in any material ￿Spect.. accounting records were not kept in re5P8Ct of the company as required by section 386 of the 2006 Act", or the account5 do ngt a¢cord with those records.. or the accounts do not Comply wth the accounting requirements of section 396 of the 20¢X Act other Ihan any requ1￿ment that the accounts givè a Irue and fair view. whith is not a matter considerad as partof an independent examination., or the accounts have not been prepared in accordance wrth thè rnethods and prIn¢l￿e$ ol the Statèmant of Recommended Practic8 for a￿)UntIng and reporting by ehaiities applicable to charities preparing their aC￿UnIS in Èccordance V￿th the Financial Reporting Standard applicable in Ihe UK and RepublK of Ireland IFRS 1021. I have no ￿nCem$ and have eome across no other matters in connection W7th the ex8min8tion to which attention should be drawn in Ihis r8porl in ord8r lo enable a propw undorstandlng of Ihe accounts to be reached. John Howard FCA For and on behalf of Azets Audi¢ Servic*s knmlted 2nd Fl¢)or Regis House 45 King William St￿t London EC4R 9AN Date.. i ? All Change Arts Llmltèd Statemont of Financial Actfvftlos For The Year Endod 31 March 2025 Unr•¥trl¢t•d RMtrkt•d Funds Funds Total 2025 T¢tsl 2024 Not•s Incom• and •ndornnts from: Donat￿$ and legafAes 60,330 251.771 312,101 277,949 Charita1￿* aetiwti8S 632 11.610 12,242 9,295 Govemm?nt grants Total Incomlng rn8our¢ 60.962 263,381 324.343 287244 Exp•ndltur• on: Raising (unds 27,824 27,824 27,880 Charitablg a￿1V￿leS 32,445 263,196 295.641 266,956 Total r•$ourc•* •xp•nd•d 213.196 323,465 294816 Net Incomlng r•gourc b•for• transf•rs 185 878 (7.5721 Translars ￿kn¥tèn lunds N•t mov•m•nt In fub)ds 18S 878 (7.5721 Fund balanc•• brought forward 1 Aprfl 2024 36,345 38,345 43,917 Fund balanc•* e•rrlod foThwrd 31 Il•rrh 2025 17 37,038 115 37,223 I Incom• and oxp•nditur¢ derwe from conty'nuiThJ activiles. Th¥ stsl¢thnt offinancial actNitie8 inrjudes 81 g8ins and low$ rèco9ni¥gd during the year. The not¢$ on pages 11 to 21 foryn part ol th8 finan¢lal stat•m•nts. All Change Arts Limited Balance Sheet As at 31 March 2025 Company no. 1964724 Note 2025 2024 Fixed Assets 11 4,727 5.254 Current Assets Deblors 12 27.171 40,379 7,27Q 55,4e1 Cash ai bank and in hand 67.5 62.751 CreditOfS.' 8mtrunis falling (tue within one year 13 135.0541 131,6601 Net Current Assets 32 496 31.091 Net Assets 37.223 36.345 Represented by.. Rgsiricled lunds Unresliicled lunds 185 37.038 16 36.345 J7,223 36,345 The chariiable company 15 enlilled lo exemplion from audit under secti￿ 477 01 the Companies Act 2006 lor the yeaf ended 31 March 2025 The members have noi required the Chariiable company 10 obLqin an audit of ils financial siaiemenls tor the year endèd 31 Mareh 2025 In accordance Wllh SeclK)n 476 of the Companiès Acl 2006 The Trustees acknowledgè their responsitslilies for ensuring Ihai Ihe company keep5 accounting iecords which COTnply With Sec1￿￿5 386 and 387 01 the Cgmpanies Aa 2006 and preparing financial 51alemenls which give a Irue an(1 laii view of Ihe $18ie of affairs ol the company 25 al ihe of each financial year ano of ils piofii or10$5 for each financial year in accordancp wslh the requirements ol Section$ 394 and 395 and which olheThvise comply with Ihe requiiemenls ol the Con)panies Aci 2006 relBlin91o financial sièiemen15, so fai as applicable 10 Ihe cotnpany The finaniial siaiemenls have been prÈp8red In Hccordanc* wilh the spetial provisDr15 01 Part 15 01 Ehe Companie5 Act 2006 rel8ling lo smam enlilies Approved by IIE Boaid of Irusiees on 10 November 2025 and si￿ed their behall by J Mason The noles on pages 11 10 21 form pan ol Ihe5e financial siaiemÈnis 10 All Change Arts Limited Notes To The Financlal Statements For the Year Ended 31 March 2025 ACCOUNTING POLICIES #l Ggneral infomiatSon and basls of pr•paration All Change Arts Lirnit8d is a corrpany limited by guarantee in the United ￿'n9d1)m. The address of the regi51&red offica is given in the charity infomalion on page 1 01 Ih•$e financial statements. The nature of thè charity's Op8rati(￿S and prinopal activit￿$ are set (￿t on page 2. The finanaal statements have t￿8￿ prepar￿ in acwrdancé wlth Accounthng and Reporting bycharilies.. Statement of Recommended Practice applicable ¢0 charities preparing their accounts in 8c¢ordance with thè Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014. the Financial Resy)rting Standard applicable in the United ￿ngdoM and Republic ol Irèland IFRS 1021, Ihe Companies Act 2006 and UK Generally Acc8Pt8d Pr8¢li¢¥ as il applies from 1 January 2015. The L*arity constitutes a publlc b&neffit 6ntity as defined by FRS 102. The financial slatemenis are prepared in sterlirvj which is the functlonal curreney of thg charity. The significarit accounting policies applied in the preparation of these financial ststements are setout below. ThgS9 poli¢ies have been consislenlly appliad to all years presented unless olhemise stated. bl Golng ¢onc•rn Th8 financial statemenis have been prepaied on a going concem basis as the Iruslees believe that no m8tetial n¢ertainties exist. The trustees have considered the level of funds hekj and the expected 18V8101 income and expenditure for 12 rI￿nthS from authorising these financial slatemenls. The budg81ed income and expenditu￿ Is sufficient wlh the level of reserves for the charity to be able to continuè as a wng cOn￿rn. l Judgrnents and key sourc•$ of èstlmati•n Un￿rtaInty Accounts"ng eslim8t$5 and judgernenls are continually evaluated and are based on historical experience and otrèr laclors, including expectations of future events that ale belitrv8d lo te reasonable under urcumstances. The fdlowiro judgements (apart from those involving 8Stimat8sI have been made in the proces5 of applying the above arxounting poliaes that havè had th8 m951 significant effec( on amunts ra¢ognised in the financi stalemenls.. Useful economi¢ lives of tangible assets The annual depwiation charge for tangible as5et5 is sensitNe to changes in the estimatad useful economic lived and residual values ol the asset5. The uselul economic lives and ￿$[dUal values are re-assessed annualfy. They are amended when nècessary to reflect ¢urrent estimates. bas•d on technological advancement. futu inveslments. oconomic ulilisalion and physical condition of the asset5. S88 note 11 for the carrying amournt of the plant and equlpmenl and note 11 for the useful economic liv•$ for each rjass of asseis, There are no key assumpkn.ons conceming th8fulure and otherkey sourtes of8Stimation uncert8inly at Ihe reporting date Ihal have a signrf¢canl risk of causing a material adjustment to the carrying amount of assels and liaknlilies withSn the nèxt finarnryal year. dl L•gal ststus I Change Arts Limited is a Company limitad by gu8r8ntee and has no Sha￿ capitol. The liabilty of each member in the event ol a win¢Jing up is limrted to £1. All Change Arts Llmlted Notes To The Flnanclal Statements Forlhe Year Ended 31 Mar¢h 2025 ACCOUNTING POLICIES- contlnuod el Funds accounting Restricted funds- these are funds that can onty be used for specific restricted purposes vathin the objec(s of the tharity. Restrictions arise when spectfied by the donor or when funds a￿ iaiserj for particu18r restricted purp)$trs. The aim and use of each restrict8d fund is set OLrt in the notes to th& financial slatemenis. Unrestrieted general lunds- these are funds, whith can be used in accordan￿ wth the charitabl8 objects at the discrètion of the Injstees. n Ineomlng rèsou￿¢$ A]1 incoming resources are induded in the Ststernent ol Finanaal Activities ISOFAI when Ihe charity is legally enti118d lo the In￿Me after any perfomiance condrtions have been met, the amount ran be measured reliatAy and il is probable that th8 income will be received. The follo￿￿ng spèufic policies are applied to partiCU￿r cal8gories of IncoN*.' tlonalion income Induding core grants, sponsorship. donations and grfts is included in full in the Slalemenl of Finanual Acti￿ti*5 when receivable. Grants. where 8ntillemèrnt is noi conditional on the delivery of 8 5pecJfi¢ performance by th8 charity, are recognised when the charity becomes unconditionalty entilled to the 9ranl. In¢oming ￿SourCeS from eharitakAe activities indudes irn¢ome from perforrnance 18e5 received under contract. Granl incomo included in this caiegory provides lunding lo support parfortnance activities. touring oreducation proieds and 15 recognised where there is entitlement, certainty of receipt and the amount can be m8asured th suffiaent reliability. Investment income is indudsd whèn rgcgivabb. GtsvemTnent grants rel8tin9 10 incoming resources are r8cognis8d as irwme over the periods when the related costs are I￿vrIed. The grants r￿1Ved in the ye8r relate to The Coronavirus Job R8tention Schem•. gl R•$ouF¢es •xpended l expenditure is accounted for on an accnjals basis and has been dassified under headings that 8ggregate al C051s related lo the category. Expendrture 15 recognised where there is a legal or conslruclive obligation lo make payments to third parties. il Is probable Ihai the settlement wll be required and Ihe arnount of Ihe obligath.on can be measured ￿lIablY. The Irrecoverable el8ment of VAT is induded wth lh8 Item of expense lo which il relates. It is calegorised undei thè ftsllowng headings. Costs of rdising funds a￿ those costs incuffad in #ttrdcting donabon income. Chantable expenditure (y)mprise$ those costs incurred by the charity in the delivery ofits activit￿$ and services for rts benefiCIar￿s. It includes ￿th costs allocated dir8cUy to such activities and those costs of an indirect nature ￿e￿$Sary to supporl them. h) Support C￿18 allo¢atlon Support costs a￿ those that a551sI th8 work of the Charity bul do not directly r8pres8nl charitswe activities and indude Offi￿ costs. govemance (x)st5, adminislrabve and payroll costs. They are incurred directly In support of èxpenditure on the ob￿Ct$ of the charity and Indude proj8¢1 management carried at Headquarters. Costs r81aling to a particular activity are allocated directty,. other are aPpO￿one￿ on an appropriat8 basis, for example, tim8 spenl. per capila or floor ai•a. il Taxallon The Chantab￿ comphny is Considered lo pass the tests set in Paragraph I Schedule 6 Financé Acl 2010 and therelof8 It meets the definition of a charitsble company for UK corporation tax purposes. Accordingly, the ¢harity is potentialty exempl from laxation in r8specl of income or capital gains Téeèived within categor￿$ covered by Chapter 3 Part 11 Corporation Tax Act 2010 or Seotion 256 01 Ihe Taxats'on of Charg8able Gains Act 1992, to the extent that Slth incomè or gains are applied exclusively lo charitable purposes. 12 All Change Arts Limited Notes To The Financial Statomonts For the Yoar Ended 31 March 2025 ACCOUNllNG POLICIES . eontlnuèd j) Tanglbl8 fixgd a$$•ts Tangible fixed assets are staled at C05t less depreciation. Dep￿ciatIon is provided al ralas calculated to wrile off the wsl or valuats.on ol fixed assets, less Iheir 850maled ￿SIdUal value. over their expected us8ftJl lives as follows.. Computer 8quip￿nI Offic• Furniture - 25.14 reducing balance basis 10% reducing balane• basis kl D•btors Prepayments are valued at the amunt prèpa￿. A￿￿ed incorne is measured at the amount due to be r￿1ver1. 11 Cash and eash èqulvalents Cash al bank and Cash in hand includes cash and short term highly liquid investments wlth a shtrty matunty of three m(￿th$ or less from the date of aequisib'on or opening of Ihe deposit or similar atcount. ml Cr•dltors Creditor$ are recognised when th8re Is a pr858nt obli9alion resulting trom a past event that will probaNy result in the transfer of funds to a third party and the amount due to setde the obligation can be measured or estimated reliably. other creditc￿3 and a¢¢wals are recognised at th￿r 58ttlem8nt amount due. n) Finan¢ial instruments The chaiity only has assets and financial l￿bilIt￿$ of a kind that qualify a5 basic financial instruments. Ba51C financial instruments ar8 initkally rècognised at transaction value and subsequently measurod at their sewemenl value with the ex￿ptIOn of bèrik loans which are svbsequenlly rneasu￿d at amtsrtised c051 usin9 the effective Inte￿$t melhed. ol Opèrating leases Rentals applicable to operating leases whèrè substarstially 811 of the benefits and risks ol ownèrship remwn with th8 lessor are charged to tha Statement of Financi￿ Activity'es as incurred. All Change Arts Limlted Notes To The Finan¢lal Statements For the Year Ended 31 March 2025 INCOME FROM DONATIONS AND LEGACIES Unr•strieted Restrl¢¢ed 2025 2024 Action FurKler- The Walermans Another Way Women's Foundation Arts Counul of England Austin and Hope Pilkington Trust City Bridge FouThYation Denvent Teth Bell Community Fund Islington Council- Art$ Service Islinglon Coun¢il- Children'5 Services. Play and Youth Islington Council- VCS Fund I￿ingtOn Council- TransfoFmath)n Unil Islington Council- JubileelCoronatK)n Fund 151ington Council- WE Heal 151ington Coun¢il- NRPF. Refvgoo and Migrant SeNce l$lington Council- CIL Islington Council- ISBNIMOPAC Islington Council- Thrivin9 Nei9hbourhcx)ds Islington Giving The Joanies Trusl London Museum London Youth Ma(x7uari8 Bank Mom"s Charitable Trust Old Street Community Pot Trinily Guildhall Mlscellaneous DtsnatK)n5 I Stars Scheme- Donations The Big Give Bank Interest 5.000 5.000 800 1.000 75,750 75.750 50,000 4.962 4,500 2.500 24,9CKJ 24.900 20,000 24,900 20,000 2.328 500 20.000 92.0 92,096 77,500 10,0110 20,000 30,000 20,000 25,000 3,500 5.500 3.993 45,524 3.500 3.993 3,993 5,145 3.OOD 2,000 1,165 1.367 2,000 1,165 1.793 3,115 6.785 426 3.115 6,785 1.669 3.125 Total core grants and donath)ns r￿Nable 60,330 251,771 312,101 277.949 In 2024. £213.729 01 income from donations and leg&ies was attributablè to the reslricled fund and the ￿mainIng £64,220 as atlrlbutable to unrestric18d Yunds. INCOME FROM CHARITABLE ACTIVITIES Unrostslded Rastrlcted 2025 2024 Actors Totyring Company Ajmeida Theatre Copenhagen Youth Projecvcally Festival Endurance L8nd KMEWO (WE Heal) London Melropolilan Unwersity. The Reading Agency The Southbank Centre YMCA- WXSP Iwhitecross Street Party) Bo¢* donations 1,160 1.650 150 4.000 600 3,500 1,160 1.650 150 4.000 600 3,500 1,299 7.000 250 300 250 300 632 632 632 11.610 12,242 9.295 In 2024 £9,295 of h)come from charitab18 activities was attributable to the restricted furvj and £0 was atiributable to unreslricled funds. 14 All Change Arts Llmlted Notes To Tho Flnanclal Slatoménts Forthe Year Ended 31 March 2025 RESOURCES EXPENDED Dlr•ct Support 2025 2024 R4l$lng funds: Costs ofgeneratlng volufttsry in¢m 27.824 27.824 27,860 CharStsbl• •¢tlvltl•¥', Young P￿pIt and Familie Civi¢ Arts- Connecting Communllt•s IReducAng IsdAtionl 62,956 108.918 48.968 74.799 111,924 183,717 71.48S 195,471 Total r••oure•s •xpon¢ 171.874 151,591 323A85 294.816 In 2024, £146.277 of lh¢ rtrsources expended costs r8latsd to dir•ct eo$ts the remainirvj £148,539 relatirKJ to support costs. SUPPORT COSTS 2025 2024 Govoman¢• In0￿ 6} Staff cos1¥ Finance Depreciat 3,194 123.105 2,913 114,487 1,148 19,313 1,260 3,567 1,227 22.847 3,241 3,820 Travel Other 151,591 148.539 GOVERNANCE COSTS 2025 2024 Independent exarninws. fee Other costs 3.160 2.900 13 3,194 2,913 15 All Change Arts Limit•d Nolos To The Flnanclal Slat•monts For Iho Year Ended 31 March 2025 TRUSTEE'S REMUNERATION AND BeNENTS Nonè of th¢ Trust￿ re￿Ned any rwnuneratton or oth•rfinanci81 b&ngfit5 during the yeaT12024 NIII. The trustees were not relmburs8d lor •xpen8•s12024 £nill. STAFF COSTS AND KEY MANAGEMENT PERSONNEL 2025 2024 Salaries and wages Social securily costs Panslon Ceniributlons 16S,249 10,1S2 3,654 152,IXJ8 8,010 3.245 179,0S5 163,263 Lass.. Costs dir8cUy related to projects 155,9501 148,7761 123,105 114.487 Th8 average nUrn￿r of employ•&s wa$: Lèadèrshiplmanagement lTrphous9 proje¢l managemnt There were no employees eaming mom than £60,000 duriry the ye8r12024.' £nll more than £60.0001. The key managemènt olthe dwritsble company comprise ofthe Trustoas. th• A￿StiC Dir¢¢¢or •nd A6soThate Dir8etor. The tot81 employee benefits ofthe key man8gern8nt ￿rSonnel of charty were £85,91712024'. £79.7151 Thè SoFA$ho￿￿ a $urplu5 0f£878 forthe year (net Incomlng rosourc•$ bgbre transfers). This is made up £185 tsf re$lncl•Y reserve ￿ndS recewed prior to Aprfl 2025 but allocated lo project5 in 2025126 to be ynt in accordance wilh funding agreements. and £693 unr•$trict¢d in¢ome ad¢Jed to unre6fficted resems. 10. NET IEXPENOITUREIIINCOME FOR THE YEAR 2025 2024 Th1$ 1$ $tsled after charging Ind¢p*ndgnt oxaminer¥' tse Depreciation 3,160 1.148 2.880 1,227 16 All Chang• Arts Limited Not•s To The Flnan¢ial Statoment8 For the Year Ended 31 Mareh 2025 11. TANGIBLE FIXED AssErs Equlpm•nt cost A8 8t 1 April 2024 Additions 35.307 621 As at 31 March 2025 35.928 D•pr•¢latlon As at 1 April 2024 Charg¢ for y&8r 30,053 1,148 As al 31 March 2024 31,201 N•t Book Valu•• At 31 March 2025 4.727 At 31 M0r¢h 2024 5.254 11 DEBTORS 2025 Prepayrnents and ac¢ru8d ineom• 27.171 7,270 13. CREDITOR8'. AMOUNTS FALL*IG DUE wrrHIN ONE YEAR 2025 Accruals and defer￿d In¢om• 34034 31,860 14. DEFERRED INCOME 2025 2024 Balance 8t 1 Apnl 2024 Amovnt relgased to in¢oming resources Arn￿nI deftrrred in year 28,000 128.0001 25.915 30.047 130,0471 28,000 Balance as at 31 March 2025 25,915 28.000 The d8f•rr•d in¢<>m* r¢lal•s to gr•nts recewed duriThJ Ihis financial yaar, bth are to b• utilIs￿ in finanrial year 202& 2028. 17 All Change Arts Limitod Notes To Th• Flnanelal Ststornonts For th• Year Ended 31 March 2025 15. RESTrICTED FUND Balanc• 31 March 2024 Balance 31 March 2025 Incom• Exp•ndltur• Trnn8f• Yo Peo B Project InspirellReCMat•lMum$ Ihg Word 32,552 66,499 132.4691 186,4771 83 22 99.051 198,9461 105 nn nderstandin Saturday Socials Sanctuary Word Fostival Arts Prwect 63,019 94,811 2,$00 4,000 182.9781 194,8021 12,4721 14,0001 43 28 164.330 1164,2501 263,381 1263.1961 18S A projacl balanc8 at 31 March 2025 indicates expenditure to be Incurred in 2025126 Corresw￿1￿j to the individual prd•ct. sèè page 2 ta 5 for dètail of yojects. RESTRICTED FUND- Prlor y•4r Isa. Balanc• 31 March 2023 8alan 31 Mareh 2024 In¢omo exp•ndltur• Transf•rs Youn P80 e Projèct InspirgllReCreatelMums Ihe Word 45 412 17.315 39.312 {17,3601 139,7241 457 56.627 57,0841 Bui Saturday Soc¢als #Keeping Connected Sanctuary Word Fes*'val In 2,381 3,749 84.084 2.328 77.505 2.5C4) 186.4451 16.0771 177,5051 13.8431 1,343 7,473 166,397 1173,8701 7.930 223,024 1230,9541 18 All Change Arts Limited Nolès To Th• Flnanclal Statements For the Year Endod 31 Mar¢h 2025 16. UNRESTRICTED FUNDS B￿an¢• 31 March 2024 8al•n¢• 31 March 2Q25 Incom• Expendttur• Traftsf•r8 Gon•ral r•s•rv• 60.962 160.2691 37,038 18a. UNRESTRICTED FUNDS- Prlor y•ar Balanc• 31 March 2023 B•lanc• 31 March 2024 Incom• Ex￿ndIt￿r& Tr*n•f•r¥ G•Mral r•s• 35.987 64.220 163.8621 19 All Change Arts Llmttod Notes To The Flnanclal Slat•monts For tho Yoar Ended 31 March 2025 17. ALLIXATION OF NET ASSETS BETWEEN FUNDS The funds ofth• charity ar¥ rspre8ented by fcllovAro n8t ass•ts'. Unmtrlct•d RMtrl¢tgd Trtal Tanglble fixed awts Current assets 4,727 41,450 19,1391 4.727 67,SS0 135.0541 26,100 125.9151 Cuff•nl li9￿.111 37,038 185 37,223 ALLOCATION OF NEf ASSETS BETWEEN FUNDS- Prfor y￿r The fuTrds oftho chgrfty am r¥pr•stsrttsd by the foNowiw net assets.. unre•trI￿fjd R•strfct•d T•tsl Tangible fixed assets Current assets Current liabilities 5,2S4 34,751 13.6601 S.254 62,751 131.6601 28.000 128,OIKJI 36.345 36,345 1& OPERATING LEASE COMMITMENTS Th8 tharity had tot81 ¢ommilments under an 0parath￿ 0$ foll¢)ws'. 2025 2024 Operating leases wtr4ch explrn.. Within one year Betsveen on8 and fw• ygars 7.800 4,550 12,350 19. RELATED PARTY Th•r• w•ra no ￿lated party transactkJn6 for the yeor ¢n¢sd 31 Mar¢h 202512024.. none). 20 All Changè Arts Llmitgd Not•s To The Flnanclal Statomonts For the Year Ended 31 March 2025 STATEMENT OF FINANCIAL ACTivmES- Prfor y• Unr•¥trlcl8d R•strl¢t•d N*)￿ Fwlds Fund8 Total 2024 Total 2023 In¢om• •nd •nd¢)wmon¢s from: DonAtion$ OAd *8c¥e8 213,729 277.949 239.014 Chantsble activrties 9.295 9,295 17,378 Govemmant grants Total In¢omlng r•*OUr￿• 223.024 256,392 ExpgndSture on: Raising funds 27,860 27.326 Charftabl8 acti￿tIeS 36,002 230.954 268,956 220,928 T¢>tsl r4￿ur¢￿ •xp•nd•d 63,862 230,954 294,818 248,254 N•t Incomlno rtsourc•• b•forn lrnn$f•rs 358 17.9301 17.572) 8.138 TranBfers beknn fijnds N•t movÉThnt In lundi 358 17.9301 17.5721 8.138 Fund b•lan¢¢$ brought forwmrd 1 Aprfl 2023 35,987 7930 43.917 35.779 Fund balan¢•• carrl•d forward 31 M￿h 2024 17 31345 36.345 43.917 21