INTERCLIMATE TRUST Financial Statements for the year ended 30 June 2021 Company Ilmited by guarantee no. 04174919 reglstered charfty no. 1100981
INTERCLIMATE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS For tho y•ar ended 30 June 2021 Director5trrLfrStees James Streeter Simon Trapnell Iretired January 20221 Damian Ryan (retired December 20211 Tamara Inkster-Dr3per (retired July 20211 Ruben Brooke Peter Brogden Cristian Parrino (New Trustees and Joining date: Rupali Nahar-williams, 01 September 2021.. Tara Ganga Theiss. 23 August 2021; Emma Jane Winnifred Blint, 23 August 2021: Catherine Fiona Sayers. 26 July 2021. Re8lStration Details Charlty Number: IliX1981 Company Number: 04174919 Address: BPE Solicitors LLP, St James. House, St Jame5, Square. Cheltenham, Glos GLSO 3PR Accounts Prepared by Francesca Streeter (Treasurer) Inteclimate Trust and Interclimate Network Interclimate Network IICNI is owned by and is the brand and trading style of Interclimate Trust IICT). Independent Examiner Alastair Gordon, ACA 64 Castelnau London SW13 9EX Bankers Barclays Bank PIC 128 High Street Cheltenham GL50 IEG
Netwod( Trustee5' Report The Trustees present their annual report and financial ststements of the charity for the year ended 30 June 2021. Reference and administrative inforniation set out on page I foms part of this report. The financial statements comply with turrent statijtory requirements, the chartty's governing document, and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charItS preparing their accounts in accordance with FRS 102. Address for Correspondence Francesca Streeter (Treasurer) 70 King Edwards Gardens Acton London W3 9RQ Directors and Trustees The directors of the charitable company Ithe charity) are tts Trustees for the purpose of charity law and throughout thls report are ¢ollectiveW referred to as the Trustees. The Trustees serving during the year were as foll0v. James Streeter (Chairl Simon Trapnell Damian Ryan Tamara Inkster-Draper Ruben Brooke Peter Bro8den Cristian Parrino Structure, Governance and Management Governing Document Interclimate Trust Is a company limited by Guarantee 8ovemed by its Memorandum and Articles of Association dated 23 February 2CM)l and amended by Special Resolution of 17 July 2(K13. It is registered as a charity with the Charity Commission. Appointmentr of Trustees As set out in the Articles of Association. existing Tntee5 invite and appolnt additional Trustees. Trustees are not required to retire by rotation. Trustee Induction ond Troining Newly appointed Trustees meet with existing Trustees to explain their duties as a Trustee and to detemine if any specifit training is required to enable them to fulfil these duties. Organisation The Board ofTrustees administers the charity. The board typicolty meets monthly.
Policies The Trust has policies in place for. Anti-Fraud and Bribery Approval of Policies and Procedures Data Protection Equality and Diversity Health and Safety Insurance Risk Management Safeguarding Children and Youn8 AduEt5 Related party relationships The Charity has considered the disclosure requirements of the SORP for related party latIOnships. The Trustees consider that the members of the board and their close connecttons and Interclimate Network to be the only related parties of the charity- All Trustees give their time voluntarily and receive no benefits from the chartty. Details of Trustee expenses and lated party transactlons are disclosed in notes 6 and 7 to the accounts. Trustees are required to disclose all relevant interests and Tegister them with the Chair at the beginnin8 of every Board meeting and to withdraw from decisions where a conflict of interest arises. Expenditure policy for external consultants The Charity does not have any employees but relles on paid external consultants and volunteers. The consultants are paid on a day rate basis for specified tasks and delNerables. These day rates are reviewed annually however they have not been increased for a number of years partly because they continue to be competitlve and partly due to concerns of long-term affordability- The Trustees also draw on their knowledge of the sector and common practice in other charities of similar size to ensure that the day rates set are fair and not out of line with that generally paid for similar roles. Statement of public benefit The Board of Trustees confirm that they hève complied viith their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercisin8 their powers or duties. Objectives and Activities Interclimate Trust is incorporated to advance Global Citizenship Awareness. Our charitable objectives ore.. l. To promote, maintain, improve and aance the education of the public, schoolchildren and students in tertiary education, of the social economic. environmental and other characteristios and concerns of developing countries and their relationships wtth other countries: 2. To promote, maintain. improve and advance the education of the public. schoolchildren and students in tertiary education. in subjects concemed with hun8er, disease. poverty. and ignorance and the solutions thereof- 3. To promote 8ood relations between people of different national. racial and ethnic origins and religiou5 beliefs- 4. To relieve wverty. advance education. protect and preserve good health and protect, enhance and restore the natural and physical environment throughout the world and particularly in developing countries.
Netwod< Climate Voices Programme The confirmation of a second three year funding package from the Joseph Rowntree Charitable Trust IJRCT) in July 2018 facilitated the continuation of our Climate Voices programme (Climate Voices 11 or CVIII. JRCT agreed to provide £85,000 over three years with the remainder of approximatety 50% of the basic programme budget provided by matched fijnding. The emphasis of this second phase is to: Focus more on schools in disadvantaged areas Focus more on follow-up Develop a Partnership Model Carry out better medium and long temi impact assessment The third year12020- 20211 of this second phase of Climate Voices Programme ICVIII was significantly disrupted bv the COVID pandemic. Because of this disruption JR agreed to extend year 2 of the programme until end of Dec 2020 which meant that the third and final year of CVII ran from Jan to Dec 2021 and allowed us to include artivities leading up to, during and immediately after COP26. During 2020 and early 2021 planned activities that involved face to face contact were brought online. With the support of JRCT. the consultants adapted their work plans and concentrated on developing online resources that would enable schools to access our resources remotely. The key activities consisted of the followin8- Autumn 2020.. fully updated the Model Climate Conference (MCCI content to align with COP26 and delivered a pilot online MCC in partnership with Liverpool World Centre. Optimi5ed the online MCC for future delivery. May-june 2021= Delivered online MCCS with Harris Federation schools. with UK schools environmental network and London schools Eco network. Rolled out nationally the Classroom COP26 resource disseminating it through various partners and porta15 le.g Transform Our Worldl. Ran training Wlth teachers to help them fully utilise the Classroom COP26 Resour and run their own MCC. Fully tested the newly developed Climate Action Survey and ran it wtth 6 schools engaging around 40LKJ students. Continued our development of strategic Partnerships: Liverpool World Centre IERASMUS+ International Climate Action Network Project with 4 other European Partner awarded and kicked off Nov 20201. Developed Climate Action Guide. o Awarded 4 Nations aimate Conference funding by Scottish PoVr Foundètion in partnership with land led by) Size of Wales and 3 other partners.
FINANCIAL REVIEW Financial position The Charity achieved a total income for the year of £51.102, an increase of 9% on the previous year, and total expenditure of £57.940 an increase of 41% on the previous year. This eXsS of expendlture over Income has been covered by unrestricted fvnding made up of donations. Reserves policy The charivs reseThes policy is to maintain £ICXKI in a separate bank account as contingency. Given the close attention paid to cash flow and accounting in addition to the small scale of the organisation there is no other re5erve5 policy. At the year end, the charity had unrestricted reserves of £4,1(X). Going concern After makin8 appropriate enquiries. the Trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason. they continue to adopt the 80in8 concern basis in preparing the financial statements. Further detsils regarding the adoption of the 80in8 concern basis can be found in the Accounting Policies. Climofe Voices Project 5udget Sn addition to the grant from Joseph Rowntree Charitable Trust. we were gratefvl to Liverpool World Centre, Bibury Parish Church IGlousl and Bob Gower for their contributions to the Climate Voices Project. Our financial management has been carried out on a voluntary basis. which has been a significant contribution as ha5 the work of an experienced volunteer focusing on fund-raising. Other volunteers have been inVoed in everything from communications and social media, interviewing teachers. to newsletter development through to developing background briefings for the Model Climate Conferences. This has meant that we have been able to not only deliver on the project but expand what we offer to schools within Climate Voices. On behalf of the board.. James Streeter Chair Date= 22 April 2022
INTERCUMATE TRU INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES For the year ended 30 June 2021 I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2021 set out on pages 8 to 16. Responsibilltles and basis of report As the charivs trustees of the Company land also tts directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.the 2006 Arfl. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charitvs accounts as carried out under section 145 of the 2011 Act 1.the 2011 Acffl. In carryinE Out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlnerfs ststement I have tompleted my examination. I confirm that no rnaterial matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: l. Accounting records were not kept in respect of the Company as required by section 386 of the 2¢6 Act: or 2. The accounts do not accord with those records- or 3. The accounts do not comply with the accounting requirements of section 396 of the 26 Act and the requirements concerning the form and content of accounts set out in the Charities IAccount5 and Reports) Regulations 2CH)8 other than any requirement that the accounts Eive a 'true and fair view which 15 not a matter considered as part of an independent examination: or 4. The accounts have not been prepared in accordan with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities. have no other concern5 and have come across no other matters in connettton with the examination to which attention should be drawn in this report in order to enable è proper understanding of the accounts to be reached. Alastair Gordon, ACA Date: 22 April 2022 64 Castelnau London SW13 9EX
INTERCLIMATE TRUST STATEMENT OF FINANCIAL ACTivmES {incorporating Income and Expendiiure Account & Statement of Total Realised Gains and Losses) For the year ended 30 Junfr 2021 Unre8trid¢d Restricted Funds Funds 2021 2021 Total Funds 2021 UnTrsfricted FurKJs 2020 RestsiGted Funds 2020 Tot81 Funds 2020 INCOME FROM Donations and legacies Charitable activities Climate Voices Erasmus I£AN 3,248 2,115 300 2,415 40,789 7,065 44,500 44,500 7,065 TOTAL INCOME EXPENDITURE ON: Charitable activities Climate Voices Erasmus I£AN Supptyt Costs TOTAL EXPENDuRE 9A88 43.054 4,800 52.942 4,800 40,940 119 119 10.086 47.854 57.940 119 40,940 41,059 NET laOVEMEKf IN FUNDS (6,838) (6,838) 1,996 3.860 5,856 RECONCILIATION OF FUNI)S Total funds brought forward 10,938 2,905 13.843 8.942 (955) 7,987 TOTAL FUNDS AT 30 JUNE 2021 £ 4.ICKI £2,905 10.938 £ 2,905 £ 13,843 The annexed Notes fom part of these financial statements
rqetwoxk INTERCLIMATE TRUST (Registered charity number 1100981. registered cornpany number 04174919 BALANCE SHEET As at 30 June 2021 Notes 2021 2020 CURRENT ASSETS Debtors Cash at bank and in hand 50 21,381 21.431 27.487 27.487 CREDITORS: amounts falling due within one year 10 120,482) 17,5881 NET CURRENT ASSETS 13,843 FUNDS Restricted funds 11 2,905 2,905 Unrestficted ndS.. general fund 11 10,938 £ 7.005 13,843 The company is entrtled to exemption from audrt under Section 4T1 of the Companies Act 2CNJ6 for the year to 30 June 2021. The members have not required the corrnY to obtain an audrt of its financial statements for the year ended 30 June 2021 in accordance wilh sects.on 476 of the Companie5 Act 2006. The directors acknowledge their responsibile$ for. ensuring that the company keeps aoUnting ldS which compty with Sections 386 and 387 of the Companies Act 2006. and preparing financial ststements which give a twe and fair view of the state of affrairs of the company as at the end of each financial year and of rts profft or k)ss for each financial year in accordance wilh the requirements ofSectK)ns 394 and 395 and which otherwise comply wth the requirements ofthe Companies Act 20( relating to financial Statents. so far as applicable to the company. The annexed Notes form part of these financial ststements
INTERCLIMATE TRUST STATEIAENT OF CASH FLOWS Forthe year ended 30 June 2021 2021 2020 Cash flows from operabng activrt 16,838) 5,856 Nel cash provided by I (used inl operating activities (lnease)1decrease in debtors Increaselldecrease) in c1¢0($ 10,272 11944 (1,065) Cash flows from invests.ng activit Cash flows from financing a¢lNilies Change in cash and cash equivalents in the year 6,106 4,791 Cash and cash equrrfalents at the beginning of the year 21.381 16,590 Cash and cash equrialents at the year end 27.487 21,381 The annexed Notes fomi part of these financial 5tatementS io
INTERCLIMATE TRUST NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2021 ACCOUNTING POLICIES Basls of preparation of financial statements The financial slalements have been prepared under the htstorical cost convention wtth r(ems recognised at cost or transaction value unless otherwise stated in the relevant notelsl to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparin9 their accounts in accordan with the Finanoal Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 Juty 2014. as updated on 2 February 2016 {SORP 20161. and Ihe Financial Reporbng Standard applicable in the Unrted 'ngdoM and Republ of IreLgnd IFRS 1021 and the Charities A¢t 2011. The financrdl statements have been prepared to gwe a Irue and view and have departed from the Charities {Accounts and Reportsl Regulations 2008 only to the extent required to provide a 'true and fair view,. This departure has invotved follcming SORP 2015 rather than the Accounting and Repoiting by Charitses.. Statement of Recommended Practice effective from 1 April 2005 ISORP 20051 whth has since been withdrawn. Publ1¢ b•nafft lIty The charity meets the definition of a wblic beneffit enlty under FRS 102. Golng concern The Trustees consKler that theffj a no mrial uncertainties atrout the ¢harity'$ ability to continue as a going concern. Income Income is recognised when the charity has ents"tlement to the fvnds.. this is when any performance conditsons attached to the income have been mec rt is probable that the income will be Teceived, and that the amount can be measuTed reliably. Income is onty deferred when.. The donor specifies that the grant or donation must only be used in fvlure accounting peiiod$,' or for perfomHnee related grants, where these are received in advance of the perfompnce$ or specific event lo whith they late. Interest r•¢elvable Interest on funds held on deF)Sit is included when receivable and the attUnt can t¢ measud reliably by the ¢harity; tr*i$ is norn1ty upon notificatton of the interest paid or payab by the ban Fund a¢counting Restricted funds a to be used for Spe purposes as laid down by the donor. Expenditure which meets these cnterla is charged to the fund. Unrestricted funds are donats'ons and i)ther incoming resources received or generated for the chafitable purposes. Designated fijnds are unrestrirtsl funds earnrked by the Trustees for particular purp. li
IKrERCLIMATE TRUST NOTES TO THE FINANCIAL STATEMENTS For tho year ended 30 June 2021 Expendlture and I0verable VA T Expenditure is recognised once there is a al or constructive obljgation to make a payment to a third party, it is probable thal settlement will be required and the amount of the obligation can be measured reliably. Expenditure is considered all to Trlate to Charitable acts'viiies and includes the costs of delwering services undertaken to further the pur[ of the charity and their associated support costs. Allo¢•don ofsupport costs Support and governance costs have been allated btheen charitable athitEs based on estimated staff costs. The allocation of Sup[ and governance costs is analysed in note 4. Trade and other debtors are reccgnlsed at the setNeffEnt amount due after any trade discount offered. Prepayments a valued al the amount Prepa net of any trade ijiscounts due. Cash at bank and in hand Cash at bank and cash in hartd includes cash and short tenn highty liquid investrrents with a short maturity of three months or less from the dale of acquisrtion or opening of the deposit or similar a¢counL Credltorn andprovlslons Creditors and provisions are recognwd where the chaiity has a present obligatH resulbng from a past event that will probabty Trsutt in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated relBbly. Creditors and provisions are normally rewnised at their settlement amount after allowng for any trade dtscounts due. The charity only has financial assets and financ1 liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initialty recognised al transacts.on value and subsequentty raSured at their settlement value wrth the eXpIlOn of bank loans which are subsequentty measured at amortised cost using the effectwe interest method. Judg•m•nts and k•y sources of estlmatlon unc•rtalnty No significant judgements have been made in the Process of applying the atve accounting FKilicies and there are no key sour of estimation uncertainty. 12
INTERCLIIAATE TRUST NOTES TO THE FINANCIAL STATEIAENTS For the year ended 30 June 2021 INCOME Total Funds 2021 Total Funds 2020 Funds 2021 Funds 2021 Charitable activities." Grant and donations income Joseph Rowntree Charilable Trust Garfield Weston Foundation Reading Borough Council - SEGRO community fund Schools SuMMerf1d Grant - Liverpool Workl Centre 40,789 40,789 29,200 6,000 2,000 5,250 50 2,000 7,065 47W4 47.854 44,500 Donabons and legacies 2,415 47.854 51.102 £46,915 INVESTMENT INCOME 2021 2020 Interest re1vable from". Cash at bank NIL NIL NIL NIL 13
INTERCLIMATE TRUST NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2021 4 ANALYSIS OF EXPENDfTURE Direct Costs 2021 Direct costs 2020 Consultant costs 2020 Consultant costs 2021 Totsl 2021 Tot8120' Charitable activrties Climate VoKes 3,048 Erasmus I£AN 3.108 49.894 37.832 52.942 4,800 40,94 3.108 119 £3.227 54.694 37.832 57,742 198 40,94 SupFiJrt costs 198 £ 37.832 Of the totsl expenditure of £57,94012020 - £41,059), £ 10,08612020 - £1191 was unrestricted exp8nditure, and £47,85412020 - £40.9401 was $trted expenditure. CONSULTANCY COSTS These represent sew employed extemal nSuanCY staff and are not salaiied employees. TRUSTEES. REMUNERATION AND EXPENSES No Trustse received any remuneration or payments for services rendered to the charity. No Trustee received a reimburSent of expenses. subsistence or othemse {2020 None). 7. RELATED PARTY TRANSACTIONS The Tnjstees have found no other related party transactions to disclose in these accounts. 14
INTERCLllblATE TRUST NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2021 SUPPORT COSTS 2021 2020 Other support costs.. WebnT 198 119 £198 £119 SupFrf)rt costs all relate to the Charitab activtties as described in the Trustees. RepoTL DEBTORS 2021 2020 Due within one year Accrued Income 50 £50 CREDITORS: AIAOUNTS FALLING DUE WITHIN ONE 10. YEAR 2021 2020 Accnjals 13.417 7.065 Deferred Income £20A82 £ 7,588 "Deferred" used to align with accounting poliLV wording 15
INTERCLIMATE TRUST NOTES TO THE FINANCIAL STATEMEp¥rs For the year 8nded 30 June 2021 11. STATEMENT OF FUNDS Tr•nsfers and Investmenl gainsl{lossos) 2021 2020 Brought Forward Incoming Resources 2021 2020 Carried Forward Resources Expended 2021 2020 SUMMARY OF FUNDS General Funds Reslricled Fund$ 10,938 2.115 110.1)861 {119) 4,100 2,905 47,854 44,8CWJ 147,854 (40.940) 2,905 £51 102 £46915 £NII £NIL ANALYSIS OF NET ASSETS 12. BETWEEN FUNDS Unrestricted Fund8 G•neral Funds Dosignatod Funds Rostrlctod Funds Totol Funds Nel current assets 4,11X) 2,905 7,005 OTHER COMPANY 13. INFORMATION Interclimate Tnjst is a charitable company limited by guarantee, registered in England wr(h registration number 04174919. Its registered office address is cjo BPE. St James, House St James. Square. Cheltenham, Gloucestershi, GL50 3PR. The accounts a presented in GBP rounded to £1. 16