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← Interclimate Trust

2025-06-30-accounts

INTERCLIMATE TRUST

Financial Statements

for the year ended 30 June 2025

Company limited by guarantee no. 04174919 registered charity no. 1100981

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INTERCLIMATE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY,

ITS TRUSTEES AND ADVISERS For the year ended 30 June 2025

Registration Details

Accounts

Prepared by Anish Saigal (Treasurer) and Ruben Brooke (Chair of Trustees).

InterClimate Trust and InterClimate Network

InterClimate Network (ICN) is owned by and is the brand and trading style of InterClimate Trust (ICT). All our work is done under our InterClimate Network name and our stakeholders know us by this name. Throughout this document we refer to both ICT and ICN but they are the same entity.

Independent Examiner

Nicola Muir 9 Donne Court Bollo Bridge Road London W3 8YG

Bankers

Barclays Bank Plc 128 High Street Cheltenham GL50 1EG

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Trustees’ Report

The Trustees present their annual report and financial statements of the charity for the year ended 30 June 2025. Reference and administrative information set out on page 2 forms part of this report. The financial statements comply with current statutory requirements, the charity's governing document, and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Address for Correspondence

InterClimate Network c/o Rodic Davidson Architects 1 Pied Bull Yard London WC1A 2AE

Directors and Trustees

The directors of the charitable company (the charity) are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees.

The Trustees serving during the year were as follows:

Structure, Governance and Management

Governing Document

InterClimate Trust is a company limited by Guarantee governed by its Memorandum and Articles of Association dated 23 February 2001 and amended by Special Resolution of 17 July 2003. It is registered as a charity with the Charity Commission.

Appointment of Trustees

As set out in the Articles of Association, existing Trustees invite and appoint additional Trustees. Trustees are not required to retire by rotation.

Trustee Induction and Training

Newly appointed Trustees meet with existing Trustees to explain their duties as a Trustee and to determine if any specific training is required to enable them to fulfil these duties.

Organisation

The Board of Trustees administers the charity. The board meetings are held at least 4 times annually.

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Policies

The charity has policies in place for:

Related party relationships

The Charity has considered the disclosure requirements of the SORP for related party relationships. The Trustees consider that the members of the board and their close connections and InterClimate Network to be the only related parties of the charity. All Trustees give their time voluntarily and receive no benefits from the charity. Details of Trustee expenses and related party transactions are disclosed in notes to the accounts.

Trustees are required to disclose all relevant interests and register them with the Chair at the beginning of every Board meeting and to withdraw from decisions where a conflict of interest arises.

Remuneration policy for key management personnel

The Charity consists of paid consultants (that we call “associates”) including Michila Critchley and Cecily Etherington in addition to unpaid volunteers. The associates are paid on a day rate basis for specified tasks and deliverables. The Trustees also draw on their knowledge of the sector and common practice in other charities of similar size to ensure that the remuneration set is fair.

Statement of public benefit

The Board of Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.

Objectives and Activities

InterClimate Trust is incorporated to advance Global Citizenship Awareness. Our charitable objects are:

  1. To promote, maintain, improve and advance the education of the public, schoolchildren and students in tertiary education, of the social economic, environmental and other characteristics and concerns of developing countries and their relationships with other countries;

  2. To promote, maintain, improve and advance the education of the public, schoolchildren and students in tertiary education, in subjects concerned with hunger, disease, poverty, and ignorance and the solutions thereof;

  3. To promote good relations between people of different national, racial and ethnic origins and religious beliefs;

  4. To relieve poverty, 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.

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PROGRAMME AND IMPACT REVIEW

The year ending June 2025 marked a successful period of programme delivery for the charity. We maintained our focus on building capacity, recording behaviour change, and presenting the views of young people in local and national climate discussions. Our core services provided resources, training, and engagement opportunities for secondary school students in the UK.

Key activities in the year to June 2025:

  1. Climate Conferences (COP29): We organised nine climate conferences in November 2024 to coincide with the COP29 talks in Baku, Azerbaijan. These events involved over 500 students from 65 secondary schools. InterClimate Network partnered with Just Ideas to facilitate these sessions. The conferences took place across locations including Birmingham, Cheltenham, Reading, Solihull, and Wandsworth.

  2. Climate Action Toolkit: The survey gathered over 11,500 responses during the 2024 to 2025 period. The total number of historic responses reached 22,000. Up to 18 schools participated via the Movement for Good initiative. A further 15 schools received support funded by the Dr. Martens Foundation.

  3. Bristol Education Partnership (BEP) collaboration: We worked with 14 schools in the Bristol area. Over 1,500 students from five of these BEP schools completed the Climate Action Survey between January and July 2024. We provided bespoke data reports to each school. Students presented these findings to Bristol City Council, including the Council Leader. The project proceeded to a testing phase focusing on sustainable fashion.

Programme Highlight: COP29 model climate conferences In November 2024, over 500 students engaged in UN-style climate negotiations. These events involved dialogue with local decision-makers. Students debated the requirement for adequate climate finance beyond 2025. They discussed fairness and funding responsibilities. Students also asked questions to local councils and businesses about making changes affordable and acquiring future skills. Participant data gathered from the events indicated clear outcomes. The feedback showed that 90% of students left with a better understanding of how to take climate action. Furthermore, 95% reported a deeper understanding of global negotiations. The data showed that 94% felt more confident sharing their concerns. Finally, 100% of teachers stated they would recommend the conference.

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FINANCIAL REVIEW

Financial position

ICN continues to operate as a virtual organisation, with no physical offices. This model not only minimizes our operational costs, allowing us to maximize the resources directed towards our programmes, but also helps reduce our carbon footprint. For the year ending June 30, 2025, the Charity achieved a total income of £79,345 , a slight reduction compared to the previous year’s income of £79,799 . Total expenditure for the year was £84,019 reflecting an increase of 16% from £72,565 in the prior year.

Corrections to prior year accounts

The financial statements presented from page 8 of this report includes some necessary revisions to the 2024 comparative figures to align the Statement of Financial Activities (SoFA) with the Balance Sheet which was identified as an administrative error in the published accounts after the end of the period. The primary adjustment is a reduction in reported 2024 expenditure from £83,445 to £72,565. This correction changes the net movement in funds from a deficit to a surplus of £7,234, bringing the total funds carried forward to £14,685. Additionally, the classification of these reserves was corrected. The original 2024 Balance Sheet transposed the fund balances; the restated figures confirm that unrestricted reserves were £4,284 and restricted reserves £10,401 at 30 June 2024.

Reserves policy

The charity’s reserves policy is to maintain a minimum of £1000 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 reserves policy.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charitable company has adequate resources and fundraising pipeline to continue operating. For this reason, the Trustees continue to adopt the going concern basis in preparing the financial statements

On behalf of the board:

......................................................................................

Ruben Brooke

Chair

Date: 15 April 2026

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INTERCLIMATE TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 30 June 2025

I report on the accounts of the charity for the year ended 30 June 2025 set out on pages 9 to 22.

Responsibilities and basis of report

As the charity trustees of the Trust (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

Having satisfied myself that the accounts of the Trust are not required to be audited and are eligible for independent examination, I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

………………………………………

Nicola Muir, ACA

Date: 28 September 2025

9 Donne Court Bollo Bridge Road London W3 8YG

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INTERCLIMATE TRUST

STATEMENT OF FINANCIAL ACTIVITIES

(incorporating Income and Expenditure Account & Statement of Total Realised Gains and Losses) For the year ended 30 June 2025

Unrestricted Unrestricted Restricted Total TotalUnrestricted Restricted Total
Funds Funds Funds Funds
Funds		 Funds Funds
Note 2025 2025 2025 2025
2024		 2024 2024
£ £ £ £
£		 £ £
INCOME FROM:
Donations and legacies 2 7,619 - 7,619 2,396 - 2,396
Schools and Other 2 - - - - - -
Climate Voices 2 - - - - - -
Erasmus I-CAN 2 - - - - 14,202 14,202
Climate Conferences 2 - 63,014 63,014 - 19,205 19,205
Action on Climate
Together (ACT) 2 - 8,712 8,712 - 43,996 43,996
TOTAL INCOME 7,619 71,726 79,345 2,396 77,403 79,799

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EXPENDITURE ON:
Charitable activities
Climate Voices 4 - - - - - -
Erasmus I-CAN 4 - - - - - -
Climate Conferences
& ACT		 4 - 81,368 81,368 - 80,794 80,794
Support Costs 8 2,651 - 2,651 2,651 - 2,651
TOTAL
EXPENDITURE 2,651 81,368 84,019 2,651 69,915 72,565
NET MOVEMENT IN FUNDS 4,968 (9,642) (4,674) (254) 7,488 7,234
RECONCILIATION OF FUNDS
Total funds brought forward 4284 10,401 14,685 4,539 2,913 7,451
TOTAL FUNDS AT 30 JUNE
2025 9,253 759 10,011 4,284 10,401 14,685

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The annexed Notes form part of these financial statements

INTERCLIMATE TRUST

(Registered charity number 1100981, registered company number 04174919)

BALANCE SHEET As at 30 June 2025

Note 2025 2024
£ £ £ £
CURRENT ASSETS
Debtors – Accrued Income 9 5,220 7,630
Cash at bank and in hand – current a/c 986 3,057
Cash at bank and in hand – premium a/c 3,935 31,063
10,141 41,750
CREDITORS: amounts falling due
within one year 10
Accruals 3,330 0
Deferred Income (3,460) (27,065)
(130) (27,065)
NET CURRENT ASSETS 10,011 14,685

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FUNDS
Restricted funds 11 9,253 4,284
Unrestricted funds: general fund 11 759 10,401
10,011 14,685
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The annexed Notes form part of these financial statements

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year to 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

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INTERCLIMATE TRUST

STATEMENT OF CASH FLOWS For the year ended 30 June 2025

2025 2025 2025 2024 2024
£ £ £ £
Cash flows from operating activities 146 (8,026)
Net cash provided by / (used in) operating activities
(Increase)/decrease in debtors (2,410) 7,630
Increase/(decrease) in creditors (26,935) 11,173
(29,345) 18,803
Cash flows from investing activities - -
Cash flows from financing activities - -
Change in cash and cash equivalents in the year Change in cash and cash equivalents in the year (29,199) 10,777
Cash and cash equivalents at the beginning of the year 34,120 23,342
Cash and cash equivalents at the year end 4,920 34,120

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INTERCLIMATE TRUST

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2025

ACCOUNTING 1. POLICIES

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, as updated on 2 February 2016 (SORP 2016), and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following SORP 2015 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 (SORP 2005) which has since been withdrawn.

Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

Going concern

The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

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Income

Income is recognised when the charity has entitlement to the funds: this is when any performance conditions attached to the income have been met, it is probable that the income will be received, and that the amount can be measured reliably.

Income is only deferred when: The donor specifies that the grant or donation must only be used in future accounting periods; or for performance related grants, where these are received in advance of the performances or specific event to which they relate.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

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INTERCLIMATE TRUST NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2025

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is considered all to relate to Charitable activities and includes the costs of delivering services undertaken to further the purposes of the charity and their associated support costs.

Allocation of support costs

Support and governance costs have been allocated between charitable activities based on estimated staff costs. The allocation of support and governance costs is analysed in note 4.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Judgements and key sources of estimation uncertainty

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No significant judgements have been made in the process of applying the above accounting policies and there are no key sources of estimation uncertainty.

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INTERCLIMATE TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

2. INCOME Restricted Funds Unrestricted Funds Total Funds Total Funds
2025 2025 2025 2024
£ £ £ £
Grants and donations: Climate
Catalysts/Conferences
Babergh & Mid Suffolk Council 5,175 - 5,175
Benefact Group 800 - 800
Birmingham City Council 4,975 - 4,975 4,975
Buckinghamshire Hobbs Grant -
Cheltenham Borough Council 2,000 - 2,000
Cheltenham Borough Council 2,000 - 2,000
Community Pride
Change X -
City of London School 1,285 - 1,285 1,200
Forest School - 1,350
Herefordshire Council 4,275 - 4,275

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Holme Grange School 205 - 205 580
Liverpool World Centre 490 - 490
Reading Borough Council 5,000 - 5,000 5,000
Solihull Metropolitan Borough Council 3,600 - 3,600 3,600
Tomato Energy 2,000 - 2,000
Wandsworth Council 4,140 4,140
Wellington College 1,020 1,020
Bristol UWE HEIF 4,200 4,200
Save the Children 500
RJ Working - 2,000
Grant and donations: ACT
Charities Trust/Movement for Good 14,911 14,911
Dr Martens Foundation 12,158 12,158
Garfield Western
Southall Trust
Hounslow
Bristol Youth Climate Action Fund 3,492 3,492
Grant and donations: I-CAN - - - 14,202
71,726 - 71,726 77,403

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Donations and Legacies 7,619 7,619 2,396
71,726 7,619 79,345 79,799

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INTERCLIMATE TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

3. INVESTMENT INCOME 2025 2024
£ £
Interest receivable NIL NIL
Cash at Bank NIL NIL
4. ANALYSIS OF EXPENDITURE 4. ANALYSIS OF EXPENDITURE Direct Costs Direct Costs Consultancy Costs Consultancy Costs Total Costs Total Costs
2025 2024 2025 2024 2025 2024
£ £ £ £ £ £
Charitable Activities:
Climate Catalysts / 66,743 60,885 14,625 9,030 81,368 69,915
Conferences & ACT
Support Costs 2,651 2,651 - - 2,651 2,651
69,394 63,535 14,625 9,030 84,019 72,565

5. CONSULTANCY COSTS

These represent self-employed associates and are not salaried employees.

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INTERCLIMATE TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

6. TRUSTEES' REMUNERATION AND EXPENSES

No Trustee received any remuneration or payments for services rendered to the charity.

No Trustee received a reimbursement of expenses, subsistence or otherwise (2021 None).

7. RELATED PARTY TRANSACTIONS

The Trustees have found no other related party transactions to disclose in these accounts.

8. SUPPORT COSTS
2025 2024
£ £
Other support costs:
Web/IT 2,651 2,651
9. DEBTORS
2025 2024
£ £
Due within one year
Accrued Income 5,220 7,360

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INTERCLIMATE TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Deferred Income 3,460 27,065
11. STATEMENT OF FUNDS 11. STATEMENT OF FUNDS Bought Income Resources Resources Expended Resources Expended Investment Carried
Forward Forward
(Gains and Losses)
2024 2025 2024 2025 2024 2024 2024
2025		 2025
£ £ £ £ £ £
Summary of Funds Summary of Funds
General Funds 4,284 7,619 2,396 (2,651) (2,651) - - 9,253
Restricted Funds 10,401 71,726 77,403 (81,368) (69,915) - - 759
Total 14,685 79,345 79,799 (84,019) (72,565) - - 10,011

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INTERCLIMATE TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

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12. ANALYSIS OF NET ASSETS Designated Unrestricted Funds Total Funds
BETWEEN FUNDS Funds
General Funds Restricted
Funds
Net Current Assets Nil 9,253 759 10,011
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13. OTHER COMPANY INFORMATION

InterClimate Trust is a charitable company limited by guarantee, registered in England with registration number 04174919. Its registered office address is c/o Rodic Davidson Architects, 1 Pied Bull Yard, London, WC1A 2AE. The accounts are presented in GBP rounded to £1.

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