COMPANY REGISTRATION NUMBER: N1629047
CHARITY REGISTRATION NUMBER: 106797
Social Change Initiative
Company Limited by Guarantee
Financial Statements
31 March 2023
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN

Social Change Initiative
Company Limlted by Guarantee
Financial Statements
Year ended 31 March 2023
Page
Trustees, annual report (incorporating the director's report)
Independent auditor's report to the members
Staternent of financial activities (including income and
expenditure account)
13
Statement of financial position
14
Statement of cash flows
15
Notes to the financial statements
16

Social Change Initiative
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report)
Year ended 31 March 2023
The trustees, who are also the directors for the purposes of company law, present their report and the
financial statements of the charity for the year ended 31 March 2023.
Reference and administrative details
Registered charity name
Social Change Inittative
Charity registration number
105797
Company registration number N1629047
Principal office and registered 3rd Floor
office
Wellington Buildings
24 Wellington Street
Belfast
BT16HT
The trustees
Maggie Beirne
Christine Bell
Michael Posner
Company secretary
Martin O'Brien
Auditor
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
Bankers
Ulster Bank Ltd
11-16 Donegall Square East
Belfast
BT15UB
Solicitors
Farrer & Co
66 Lincoln's Inn Fields
London
WC2A 3LH

Social Change Initiative
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) (¢ontlnued)
Year ended 31 March 2023
Structure, governance and management
Governing Document
The Social Change Initiative is a company limited by guarantee governed by its Memorandum and
Articles of Association dated 31st October 2017. Its application to be recognised as a charty was
accepted by the Charity Commission for Northern Ireland on 30th April 2018. Its registered charity
number is". NIC105797.
Appointment of Trustees
The Trustees recruit and select new Trustees as needed. New Trustees are recruited on the relevance
of their professional skills, and their potential to be able to make a helpful contribution to the
govemance of the company. As part of the recruitment process they are made aware of their
obligations and of the content of the Memorandum and Articles of Association, the schedule for
meetings and the work plan and financial position of the company.
Relationships with related parties
None of the Trustees receive remuneration or other benefrt from their work with the company.

Social Change Initiative
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
Objectives and activities
The purposes of the company are..
To promote national and international conflict resolution and reconciliation with a view to relieving
suffering and distress and building and maintaining social cohesion and trust wtihin and belween
communities.,
To promote human rights (in particular the human rights of victims of conflict and forced migration) as
set out in the Universal Declaration of Human Rights and subsequent Untted Nations conventions and
declarations by all or any of the following means-.
(a) research into human rights issues
(b) raising awareness of human rights issues;
(c) promoting public support for human rights:
(d) promoting respect for human rights among Indr￿idUalS and Corporations:
To promote religious or racial hamiony by:
(a) promoting knowledge and mutual understsnding and respect of the beliefs and practices of
different religious faiths.,
(b) promoting knowledge and mLrtual understanding between different racial groups: and
- To advance citizenship or communty development by promoting social inclusion.
The strategies employed to achieve the cotnpany'5 aitns and objectives are to..
Convene individuals
Support research and publish materials
- Award fellowships
- Operate a mentoring scheme
Provide advice, training and consultancy support

Social Change Initiative
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (¢onllnuedJ
Year ended 31 March 2023
Achievements and perforniance
After operating successfully for eight years, the company continues to focus on three thematic areas
of work - Migration. Equalty & Human Rights. and Peacebuilding. In the current year it has prioritised
two issues in particular - support for social change activists both locally and around the world and the
advancement of human rights. peace and reconciliation in Northern Ireland.
Creating online and in person opportunities for people to come together and leam about important
issues and build solidarity and connections continues to be a key organisational priority. During the
year the company hosted numerous events to do this. Participants were drawn from across the UK,
Ireland, the rest of Europe, Africa. Asia and the United States. A significant number of educational
resource materials and tools continued to be produced. Further efft)rts were made to strengthen the
dissemination of these materials via social media and the organisation's website. Lessons from
peacebuilding work in Northern Ireland continue to be popular among funders and those working in
other deeply divided societies around the world. Staff have also continued to be directly involved in
peacebuilding efforts designed io builrj and sustain better community relations In Northern Ireland anrj
to ensure no diminution in rights protections.
We have continued to enhance atld develop the SCI website which profiles the otganisation's woik
and presents its resources and materials in an accessible manner. During the year the company has
steadily expanded its reach and presence in social media and through a regular newsletter sharing
useful resourGes foi funders and activists involved in Ghangemaking. It has been gratfying to see the
continued growth in visitors to the site and the increase in the number of downloads for the resources
available there.
The company increased its efforts to support activism for social change and enhance the skills and
capacity of activists around the wortd. We fimily believe that enhancing the skills of people already
engaged in working for change yields a significant return on investment. Our fellowship awards,
mentoring support, convenings and resource materials all help to deliver on this objective and
advance a fairer, more inclusive and peaceful world.
The group of fellows and the wider SCI activist communty continued to receive advice and support
from our team. It's also very encouraging to see how the participants themselves continue to help
and support each other in often very challenging circumstances.
Networking the actNists involved
and providing practical support and opportunities for shared leaming and solidarity across themes and
geographies continues to be a particular priority. Locally SCI has also maintained its work to develop
the leadership skills of people working in the peacebuilding and human rights fields in Northern
Ireland.
On a separate front donors and organisations have continued to approach SCI for strategic advice and
consultancy support. This continues to generate a small amount of income for the company. One
element of this work has been to try to apply the lessons from the partnership funding work done by
Atlantic Philanthropies and the Northem Ireland government. This has led to several publications and
some ongoing dialogue with policy makers about the scope for further philanthropylgovernment
partnership to tackle inequalities and improve public services particularly for disadvantaged
communities.
During the year the company relocated premises in the wake of COVID to a smaller but more central
office location which provides a more suitable base and will result in some signtficant savings on core
running costs.

SoGial Change Initiative
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontinuedJ
Year ended 31 March 2023
Financial review
The Company's activities continue to be resourced by a range of donors most notably through the
generous support provided by Atlantic Philanthropies. The grants provide a mixture of support for
core costs and project related costs associated with specific SCI programmes such as rts leadership
development work and support for activists.
The rate of spend is very simllar to the prevlous year. Annual Income Is also reduced due to the
anticipated closure of Atlantic Philanthropie5 and the absence of any further new grants from that
source. The company finishes the year with a healthy balance and reseNe to fund ongoing and
fLrture activities in the coming years.
Reserves policy and going concern
The company remains committed to building its unrestricted reserve largely by selling some specialist
services, to funders and social change organisations. Its goal is to secure be￿een nine to twelve
months expenditure in an unrestricted reserve.
The healthy balance sheet and the multi-year funding commitrnents raise no questions al)out the
company's ability to trade as a going concem.
Plans for future periods
The company has a full programme of events for the year ahead. It will also select a new cohort of
SCI fellows and maintain its ongoing support for local and international social change aclivists.
supporting some signrficant research into social values and hopes to disseminate the resutts widely.
Plan5 are also Unde￿aY to host a major international donor conference in Belfast on the role that
funders can play in tackling violent conflict and the growing problem of polarisation. SCI will also
continue is support for locally based peacebuilding work in Northern Ireland.
Trustees, responsibilities ststement
The trustees, who are also directors for the purposes of company law, are responsible for preparing
the trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards {United Kingdom General￿ Accepted Accounting Practice).

Social Change Initiative
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continue
Year ended 31 March 2023
Company law requires the charity trustees to prepare financial statements for each year which give a
true and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expendrture, for that period.
In preparing these financial statements, the trUSt￿S are required to..
select suitable accounting policies and then apply them consistently:
observe the methods and principles in the applicable Charities SORP"
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concem basis unless rt is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explaln the charlty's iransactlons ancl dlsclose wlth reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence
for taking reasonable sleps for the preventlon and detection of fraud and other irregularities.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
so far as they are aware, there is no relevant audit information of which the charty's auditor is
unaware,. and
they have taken all steps that they ought to have taken as a trustee to make themselves aware of
any relevant audit information and to establish that the charty's auditor is aware of that
information.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The Irustees, annual report was approved on 16 November 2023 and signed on behalf of the board of
trustees by:
Maggie Beirne
Trustee