OvDe Stv¢•ard5 Ire8Stered nurrtr07442207. charfty number 11411081 Climate ' Stewards Re8lStered Number: 07442207, Charlty Number: 1141108 Trustees Report and Financial Statements For the year to 31 Dernber 2023
airnateStew*5 (rsted nunkn07442207. charity r#Jm 11411081 Climate Stewards {A company limlted byguarantee) Reference and Admlnlstratlve Detalls of the Charfty. its Tntee$ and Advisers for the year to 31 December 2023 Trurtees and Dir•ctors Gareth Martln IChalr} Davld Huzhes Davld M¢Kay Dr Ethel Wh John Taylor (apFK>inted 5 April 2023) Ablgall RE8y (appointed 18September 2023) Company Reglstered Number 07442207 Chartty R•ilst•r•d Number 1141108 Reglstered Qfflc•'. Rockfield House Horn Strn•t Nunney Frome Som•rs•t BAII 4NP Company Secretsry Davkl McKay Chl8f EXetIve Officer CaroNM Pcmrov Indep•nd•nt Examin•r. Azets Audlt S•rvlces 3Mc Middlemarch Buslnes5 P•rk Siskin Drlv• Covèntry CV3 4FJ Bankers: The Coop•ntive Bank pk PO 8tsx ioi 18alloon Street Manch•st•r M60 4EP Webslte: www.dimatssteward&or£
Climate Stewaids (Lstered ThJrnbw07442207. thairty number 11411081 Climate Stewards (A company Ilmited by guarantee) Trustee Report Includlng Dliettorf Report fw the year to 31 December 2023 The Trusts85 (who are also directors of the tharTtyforthe purpos•s of the Companles Act) present thlr r•port tO8•th•r with the financial statem•nts of airnate Stewards for the year to 31 December 2023. Th• fin?nclal statements complywith the Charltles Act 201L the Companies Act 201%. th• M•morandum and Articles of Association. and Accounting and R•portinA bv Charltlg5: Statement of Recommended Practke appllcable to th•rftles preparlns thelr •ccounts In a¢cordance wlth th¢ Flnanclal Reportlni Stsndjrd appllcable In the UK and Republlc of Ireland IFRS 102) l•ffo¢tlve l January 2019). sTrucruRE. GOVERNANCE AND MANAGEMENT Constitutl•)n Cllmate Stewards Is part of the A Rocha nètwark of On{SItIOns, si8n•tory to the Global Covenant In January 2023. Cllm•t• St•ward5 WI5 incorporated as • Company limited by £uarant¢• Inumb•r 074422071 on Ifh Nov•rnb•r 2010 and berne • UK r•gi5teTed tharlty (number 1141108) on 4 April 2011. The actfvltl•s of Cllmats Stewirds w•r• pr•vlously orrl•d oJt as a projert of A Rocha Internatlonal (¢harlty number 11360411. On l Jun• 2011 the acUvltl•s and r•s•N•s of aimat• Stewards Ilhe project) worn tran5fYrred to Cllm•t• St•w•rds (the dwrity and cornpany). Prkjr to l June 2011the charlty had been dom)ant. Method of •PPDlntment or electlon ol Trnxees The exb5tln8 t•S ippolnt new trustees wlth due conslderlon ft>rthe skllls and experlence requlred to 4sslst the 8rowth and d•v•lopm•nt of aimate Stswards, belnq carnful to ensure a breadth of dlv•rsity. Trustees can $¢T for up to two t•rrns of thr•• y••rs, •lthough w• curr•ntly have two trustees who have exceed theseterm Pollcle5 Jdoptod for the Indn tr•lnlngof Tru%lees New trustee5 foll¢Jw an •stabllshed Indurtlon procedure, whlth Includ•s an Introduction to th• work of Climate Stewards and rec?m a copy of the £overnln¢ documents. The trustee 1$ brl•f•d on th• charW5 curr•nt 4ims and objéctiv05 and fijly ad¥is•d on the finandal posltlon of the charlty. Or8•nlsatloMI structure and dedslon makl The trustee$ of Cllrnite Stewards govern the charity as constttuted by the Memorandum and ArtKles of Ass(xlatlon.
airnatestewarts lrytstwed ThJmber07442207, charity number 11411081 Cllmate Stewards (A company Ilmited by guarantee) Trustee Report induding Dilert¢ Replwt forthe year to 31 December 2023 The trustee5 a8ree pollcyto be Implemen by CEO and stjff te•m. Clrollne Pomeroy was appolnted CEO from February 2013 and works 4 days per w••k. The day to day running of Cllmat8 Stewards is daJfv•d to the 0 •nd supported by trustees. The trustees rneet fourtlm•s per year, usually onc• f4¢• to f•¢• and the other Ilmes onllne. During the year they met online in March. Jun• and December and f•¢e-ttrface at the Cllmats Stewards offlce In Scmer5et kn October. Thè sIneSS of tNstee¢ rneetIn indudes rn¢•Mni a set of finanual stat•ments and • rQW of op•ratlonil lssu•sfrom the CEO. Alsk Manw•rt The tru5te¢s regularty monlt¢rthe rfsks to the Charity by urying out rewlar detalled r•vlews of Its actfvltles. Thes• r15ks Ire kept under regular revlèw. aimate Stewards rnalntslns a rolls record of all the projects whlch art funded. detslllns fvnds sen( rep(tlnga8alnst deadlln•s. •stlmat4d and artual carbon mltli•tlon sto¢ks. All of the urbt)n mltlgatlon Pr0cts whkh aimat• Stewards fund5 ar• cover•d by Its Seal of Appro¥•l whlch provldes a framew¢xk a8alnst whlth •ach projert Is a•$$•d and s•lerted for support. C•rt>on cak(AatloDs Indud• car•ful baseNn• mwwr•m•nts. cons•Thit5v• •stlmites to alow for breakase, poor m•lntenarKe. and abandonment of low carbon tochnoloy suth •s cook stoves and waterfllters. and Insurnnce buffers to take account of flre, dlsease, p•sts, theft of trees and other mana8om•nt Issu•s. Cllmat• St•wrds' st•fl kept In dose wntact wfth all prde¢t partners by Zoorn and em•ll durln8 the ye•r. ClSrn•te Slewards CEO. Carollne Pomeroy v15ited projert partners In East Afrka durlng November and Derxmber 2023. Th15 twlp indud•d a du• dlllpna to Rlppl• Eff•ct Ethlopl•. holder of a Seal of 4>prol licence for a lar8• proj•ct In Wolayft• Dlstrfct, worklng wlth smallholder farmers to plant frult trees for nutrltlon and Ilvellhoods, funded by carbon oflsettln& She also v151ted the A Rocha Uganda staff team to discuss Issues arDund rnonltorln8 of the Blosand Water Filter proj•¢t in Kampakn, and to vlsit W•st 8uawo Forert, a potsntl•l futur4 partn•r proj•ct. Flnally. she ¥lslt•d almate Steward< fund•d projerts In Ghana. The followlng systems of Internal control are dew to prpvlde reasonable. but not absolute, •ssurnnce agaln5t matoriNI mlsstat•mwft or loss. They Includ•:_ al An annual bud6et approved by trust5. b) Regular conskleration by the trurtees of finandal report5: ¢1 Oelegatlon of authorlty and se8rnPtlon of duties; d) IdentIficatn and mana8emont of risks; and e} PrtsIOn of •n approprfat• varfety of profeylon•l skll& and experience by th• trurt8•s.
aimate Stewards Ife8tstered numtor07442207. tharty number 114110BI Climate Stewards (A company limited by guarantee) Trustee< Report Induding Dlre¢try< Report for the year to 31 December 2023 OBJEcllvES AND AcfivrnES Policles and objectives Th• Charrtable ObS•cts of aimats St•wards are:. l.To prevent poverty 2.To conserve thè ènvlronment 3.To educate the public 4.To advance the Chrfstlan falth Cllmate Stewards Is an Internatlonal NGO worklnito show Ws lov• for all cnitlon. We provid• online tools and adv1 to enable Indivlduals and oryanlsètlons to MsUr their carlx)n Icotprint. reduce it and off5•t what they c•nnot reduce. Income from offsetting Is used to fvnd our portner prolerts in th• majority world which mitl6ate the harnifijl •ffècts of cllmate chan8• Wh1 brfn8lni local beneftts. ACHIEVEMENTS AND PERFORMANCE Revlew of Actlvllle5 l. ProvIdI educatlon, tralnk¥ & on creatlon care and dlmate change Th8 Climate Stsward5 stsff team d•llv•r•d 16 talks, sermons. workshops and weblnars, and provld•d Intervlewsfor podc•sts. We r•n meetings and weblTr•rs for a group of major rnlssion iiencles to provld• resources and adv1 on roduclnq emlsslons from flyln& 617 p•opl• •nppd wlth W?•k emails for our C•rbon Fast for Lerrt. provldtng resourcès. challengas and prayers to help people reduce thèir carbon footprlnt Links to some of our podcasts and artldes aro an th• Resourc•s p•p of the w•bslt•. 2. Malntaln1 and developln8 our (lIne cath>n fwrlnt tools Our onllne carbon c•l¢ulator hr individuals continues to b? widely praised for its ease of us• and cornprehensive coverny. Durfn8 2023 Pt w•s used to calculate 2.627 earbon footprlnts. 2023 saw contlnued Improvemefts to 36(fc4rbon, ¢Jurfree-tOHU5e carbon footprfnt calculator for churches and small orpntsatlon$. By th• end of the year 360'carbon w•s In use by 1,999 churches, 241 charltles, 218 bu&ne55es and 34 synazogues. In Aprll, after months of work wlth call•a85 at A R*xha N•w Z•aland, we launched 360.rbon In New Zealand. Talk>rlni the calculator to th• location means that w• use appropri•te fartors for the carbon Intenslty of grid elettrldty. the unlts In whkh peopl• measure thln8s, and the lan8ua8•.
aimatè Stewards Ireg6tÈred Mmber07442207, charity numir 11411081 Climate Stewards (A company limlted by guarantee) Trusted Report induding Dlrector< Report for the year to 31 December 2023 aimate St•wards does not char¥• p¢ople to we 3Wcarbon or Footprlnt {our Carbon footprfnt tool for Indfvidualsl. It sees thls as part of th¢ "education and advocarf •hm•nt of Its chafftable objechs. the fact that many people dwse to offset thelr footprlnt help5 to cover the c05t of pro¥klln£ these onllne tDoJs. 3. C¥rylnz out carbon fwlnt au For many orqinlsatlons. commisslonini an audlt Is thefrrt step towards understandiD8 how th•lr own •ctlvltl•s contrfbut• to ckmat• chaty. Durlng 2023 we urned out audlts for Africa Inland Misslon, the Dlocese of Plymouth, Chrtstlans A8•lnst Poverty, thg Vlne Trust. Mlsslons to S•afarors, Misslan Avlatlon Fellowshlp, the ASLE conferenc•. Blble Soclety. Wycllffe Blbl• Trinsl•tors, •nd L•n8h•m Int•m•tlonal. 4. Advlsln8 on carbon footprfnt reducllon Wlth expertlse In all area5 of climate than8• and rbon Jccountln& we ore well pl•c•d to 5UPPOrt orpnls•tlon$ throuihout th•irJourney to b•com• arbon n•utral. Thls often starts by r4i$in8 awareness and kn¢Ml•dae of th• Issu•$ around dlm•t• chanp and sustalnablHty and iettlni buy-ln IrrTh •¥ stakholders. In July w• ran • weblnar for Tn•Jor mi5slon agenc185 to h•lp th•m sharn experiences and best pr•¢tl¢• and explore ways to rnduo carbon emlsslons from flylni. Ourlng 2023, w• •dvlsed the Dlocese of Plymouth as they developèd a Olrbon15It1Dn Stnteyi and Artlon Pl•n. W• also Yrked wlth energy efficiency expert Or Paul Hamley to provld• an EnerKy Audlt ftr three •xample churche5 afT05S th• Dioom. lookkn8 at chalknw arKI potefttlal arbon VIng$ from different Int•Th•ntl4)ns, wlth •s50d•t•d t4Xt& 5. Ensurln8 8ood governance The board contlnued to monltor • rtsk m•trlx co¥erlni •ll •¢1$ of our worK Includ1 partner projects In tho global south, at eath br meeth John T•ylorvAs appolnt•d to the board In Aprll 2023. aThl Rlw was appoirt4d in September 2023. G4roth Martln, Chalr of aimat• St•vArds rd. r•pr•s•nted aimite Sterds on the A Roth• Intern4tlon•l Str•t•alc Directicn working group. 6. Supportlng aimate Stewards USA and aimate StLYards Netherlands Ourln¥ 2023 w• ¢ontInU to support and ¢ollaborate wlth our coll•ayJes In the USA and The N•th•rtands to promote Climate Stewards tn those countrie5.
airnate 5tth¥anls Iregthrol nurnter07442207. dwrity number 11411081 Climate Stewards (A company limited byguarantee) Trustees, Report Inthding DlYertor< Report for the year to 31 December 2023 Cllmata Stewards operates In the USA underthe fiscal sponscrshlp of A Rocha USA Havlni d¢duct•d a perc8ntige of inwrne to c(¥ver admlnistrative overheads, rernainlng fvnds {d•riv•d from Indivlduals and or8anlsatlons using Footwlntr and 360"eartxJn, and some donatlons) ar• transferred quarterly to Cllmate Stewards in the UK. From thls Income, w¢ ensure that sufficient carbos Itonnes of C02} are purchased from our o%*rsea$ wrtner projects to cover carbon offsetting via Footprlntr and dlr8Lt payments In the US A revlsed Memorandum of Undertaklni {MOUI wlth A Rocha Netherlands IARNLI (nC#M1n1 the operation of aimate Stewards Nethedands was s18ned In November 2023. airnats St•wards15 a prosramme of ARNL •nd the MOU Is based In a franthlse mod•l, whereby ARNL Is responslblè ft)r mana8ing aimth St•w•rds Netherlands and payin8 all the costs of funnl the project. Includlnq payment ts CHmote Stswards In the UK for corbos sold throu8h Footprtntr s well as t•chnl¢al support and advke for carbon ftlotprlnt audlts (zrrled out In th• Netherlands. 7. Ensurfng suffldent stocks of carbos to meet obll8thns to offsetter5 Cllmate Stewards Staff malntaln an a¢tlve register of ¢arb05 Itonnes of CQ) mitl8atsd by partn•r projects. updating thls throughout the year based on monltorlng reports. Meanwhll• 4 record Is k•pt of carbos purchased by offs•tt•rs In th• UK, N•th•Tland5 and USI whlch Is updated monthty. Durln4 2023, 11.902 carbos w•re sold to partn•r or8•ntsatbons •nd indlvlduals. 8. Supportln8 (r Projert Pather5 Our seal of Appro¥al ISOA) process Is de5kned to help our partners develop and mana88 robust. sustalnabl• and transparent communfty-based carbon rnitlptbon projKts, fundèd by offsettlnz. Projert budgets l•st for b•tw••n 5 and 15 •r$, wlth emphasls on traSnlng and on8olng support for beneflclarles to •nsur• hlth succ•ss rntes. A key part of th• process Is rneasurin8 th• "business as usuaf- or basellne-51tuatlon Ir exarnp tho amount of flrewood a famlly used to boll drinkinz watw bofore they h•d a water fllter), as w•ll •$ reylar monltorlni of tree 8rovrth Dnd fuel savlnF from t•¢hnolow profvct In 2023 aimate St¢ward5 SUPPOrt•d our SIX partngr orzanlsatlons to dellv•r carbon removal projects (tree irowln8) and carbon omissions reduction projects {thOU technolo£les such as c(Kkstoves and watsrfllters). 8.1 tsrbon Removals Prolects We funded two project partner5. A R¢xha Ghana and Watersheds Ecosystem Conser¥JtSon (WECI to work with local thurches. sd)ools and communities to plant and nurture another 7,770 trees. W• ¢alculats that th•se trees wlll soquest•r 6.974 tonnes of CO2 overth• 15-year
C&mateSte¥rnrts Ited number07442207. tharity nber 11411081 Climate Stewards (A company limited by guarantee) Report IlUdIng DIrectI Report for the year to 31 December 2023 Ilfe span of the projects (of whlch 5.382 tonne5 ar• 1••br? bOS and 1,592 tonnes are held In buffer stocks as insuranc• 48alnst proJ•rt rlsks). Across all of our projects, our partners are plantlTh8 29 dlfferent SP•Ci•5 of indigenous trees, thg majority of whith are permanent. A proportion wlll used for sustsinably harvested tlmber lftjr corutru¢tlon, electricty pol•s, furnf(ure etc) and most plantkng schemés also Include frult trees whtth enhance faffllly nutrltlon and provld• new souffes of Incom•. Every prol•¢t h4$ en throu8h our rlprous 5¢•1 of Approval process whlch Ir0$ detslled questlons about land own•rshlp. mana£emerrt rerne, type and cllrnate, to¥ethor with a rlsk bLrflers anatysls l¢)oklna at rlsks suth as flr•. drou8hL dtsease, polttlcal and s¢xl•l rlsk% Our for•stry urbon e5tlmates arn c¢yJrted In •dvance "ex ante-. so we ensur• they are ¢nservatlv•. holdin8 back i buffer stock of carbos Itonnes of carbon mltlrdt•dl which wlll not b• counted or sold urrtll the end of the prolect life {usually 15 yoar5). A Roth• Ghana worked wlth two cornmunlty sltes and fNè srnalllKAder famwr5 on the northern shore of Lak• Bosorntwe to plant S,620trees, many on slte boundarb05 and amon8St annual crops andlor ban•n• palms in In •yofore5try SV5tem. Tr• Included flv• n•tlv• specles which wlll b• allowed to grow perm•nentty to fomi new forest canopy. pltjs manp. •votado and coconut which wlbl produce valuable erops for sale and domestlc cclnsumptlon. Thls lake shore •r•i Is part of • Ntionally de5i8nated Communlty R•sourco Mana8em&nt Araa (CREMA} aimed at protectlng the lake •nd •dcent land frcm emrfmnmentsl pressures. Monltorlnl reports from the pr•vlous four phas•s of plantln8 Sh that • very hith percentsqe of trees hwe sur¥lved. wlth any losses havln8 bo•n r•plantod. A5 Part of our commltmènt to in$plrin8 and equippln8 th• n•xt 8ener4tlon to car• for the •nvironm•nt. aimate St•wards also funds A Rocha Ghana'5 Sd$ work Wlth the supm of A Rocha Ghana staff, 25 A Roth• Club memb•rs from the rt•arby KNUST Unlverslty In Kumasl to support envlronm•nt dubs In six Junior Hl8h Schoals In and around the comrnunitie5 wh•r• tree plantlngls taklnq place. Thls Inltiatlve aims to edte young peopl• In thls sensltiv• catchment area about dlmat• chanp and irther environmental Issues and how thelr cPK)kes can have • pos1t1 impart. Throuahout the •r, students took part in prnctKal 5esslons on tree minagernent •nd me•sw•ment. for1¢xd by Irrteractl¥e cfimate P•rlT4ment sessSon5 wh•re they worked In to dlscuss solutlonsto local and natlonal envlronmental challengos. Waiersheds Ecthystem Conservth IWEC) helps churc$ In Kltul. south*astern Keny• to plant Indlpnous tr•es on thelr land. 2023 was a thallenglng year. with Intermittent rains and rising costs of fuel and s¢11rb85. Wè sUPPOrted WEC to work wlth anoth•r three thurches and
almatt Stewards Irewslered Nmber07442207. tharity number 11411081 Cllmate Stewards (A company limited by guarantee) Trusteg Report indudlng DlreLtor< Report for the year to 31 December 2023 Ongtiing monitoring has tsken account of the perlod when these stoves were out of actlon; for the stoves that were in use throughout the year. the average ¢mlsslons savings were 1.45 tCOI per stove. refiertin£ a 31% r•duction in firewo( o)nsumpkn compared to th• bas•liM, and eontinuini to reduce pressure on the loc81 dryforesL Famllles réport that the stoves use le wood, there Is no srnok• In theSr homes and that food cooks mDre qcklythan on an open flre. A Roch• Upnd• supports famllles In poor suburbs of north•m Karnpala to bulld, malntaln and use bloand w•tér fllters. In 2023 Climjte Stewards contlnued to fvnd thts work vthlch Cor5 735 household-scale w•tw fllt•rs and 210 fireless cookers (IrUlat•d baskets whlth art Ilk• a sl)w cooker). 9. Seal of Approval Ilcencl As well as usin8 th• Seal of Approval to ensure hlgh qu411ty carbon projects support•d by aimate Stowirds, we are Increaslnzly u51ni the Seal of Approval to provlde • trled and tested frnmework whlch c•n b• used by other OrK•nIs•tKstO develop and manay arbon proj•Lts. Working in partnershlp m•ans we can Increase the Impact of our •xpert15e by helplni mor• hlghquallty projerts let stsrted Ind attrart fundlng through seluni Carb offsets. In D•c•mb•r 2023. aft•r ov•r a yur of rnsoarch and dIslons. w• IsSd a Seal of Approv*1 Ilcen¢e to ICFEM. • communlty OLrtr•ach woTrrnme In north•rn K•ny•. 5UPPOrtlni smallhold•r tree pl•ntln8. W• contlnued to monltor Sell of Approval Ilc•n(¥d projects nm by BMS Worfd Mlss partners Irj Chad (carbon mltliatlon from solar ne15 on t¥m r•mot• knpltals) and Upnda 148roforestry near Gulul. In November 2023, aimate Stewards CEO Carolln• Pom•roy carried out a Due Dili8•nce vish to Alpple Effert Ethlopl•. asmate Stewards h•d helped Rlppl• Eff•¢t wlth the desiin of thls trn• 8rowln8 projert involvlng three thousand smallholder farnr5 In Wolafta Dlstrlct. Dulln8 2021 farniers had b••n providod wlth tr•In1 swdlin8s and onpinl support to 8row apple and avocado trees on th•5r land. These trees wlll not only sequest8r carbon but will atso Impr¢we thq local environm•nt and pmld• n•w souros of income and add•d Th11t1n for famllles. In Aprll 2023, aimat¢ St•wards bld fcr and rec•ld a mJtdpfvnd•d nt from the Big Giv• to support a new project almed at making the Seal of Approv•1 more user-frfèndty •nd devèloping s•rlès of pllot church-based tree 0w1n8 projécts. Wrth our partner the Angllcan AllSan¢e. we ran weblnars for potentlal projects and funders and workèd cb05ely with appll¢ants to develop vlable pllot prgpo5als. 10
aimate Stewards Ileeistw numberO7442207. thailty number 11411081 Climats stewards (A company limlted by guarantee) Trustee< Report indudin8 Dlrector< Rewt for the year to 31 Deomber 2023 FINANaAL REVIEW 2023 a znIfICant Increase In Income; thls came from an un-budzeted grnnt, Increased income from Individu•ls and organisations as travel 'l>ounced ba¢V after th¢ COVID pandemlc and more or8Antsatlons start•d to Offt. toythr wfth Incr•as•d Incom• from consultan work on carbon footprlnt audits. stsff costs w•r• sllghtly lower than in previous years as (Th Staff rnember redu¢ed thelr hours and then left (•40 new st•ff m•mb•rs st•rt•d In Tty 2024). Reservu Poky The charttvs rns•rv•$ 4r8 ld In supyt of the oryanlsatlon's on¢0kn£ acdvStl•s, recnis1n1 its commltment lo employment of staff, th• lac of wular incom• from Érnnts. th• flurtu•tlon of Inecme and the need to •nsure funds arn availab fw planned devekpment. Rer•S •r• •lso h•ld to ¢o¥•r (x)iolni commltrn•ntsto p•y for mon1tori support, and ev•lu•tlon of 'Seal of Appronl, woiects. The trustees revlew Cllmate sterds, futur• y•ars' oblliatlons to overseas p•rtners each year •nd ar• tonlld•nt that th•fe •re suffident r•s•r¥•s to cover future yearf Ilabllftles. Our r•s•Th•s wlll som•tlmes app•ar quite hl4h du•to the delay betw•ff n users offsettln8 wlth us and our agreelng budg•ts for new phases ol work wlth our pro)ert partners. These tèmporary surpluse5 are track•d and Managed within the anNal flnanclal reportln8 pertod. For the purpps•s outlkn•d •bov•, tlx trust••s alm to h•v• a mlnlmum cf three mDnth5' core costs In reserves. The level of resems held •t the a¢countlni d•t• was £139.636 whlth wa$ 93% of tore costs. Surplus l Defidt Unrestrlrted In¢om• in the yearto 311)eeember 2023 •xc••d•d èxpqndltur• by £115,152, Trustees monltored cash flow thrOhout the perfod. plans for the fijture Wlth increaslng awareness of the dlmats crfsls. we wlll contlnue to advoclts for dlmo Juthce and provid• r•sourc•s and support to bu51$¢s. NGOS. thurthes. and Indl¥lduals about the uses of Climat• chanae, the blbllcal b•sts for crn•tipn ar•. Qnvironrnentsl policies, •nd practlcal steps to cut rbon footprfnts. In 2024 our Dlrertor wtll take part In the Fourth Lausanne Congress as part of th• cr¢ation rare group, engaglng wlth thurth leader5 frorn iround th• worfd on ryoation are and dimat• chang•. 11
Olmatè Sterds Ireostered numLw07442207, charity numter 11411081 Climate Stewards (A company Ilmlted by guarantee) Truste Report indudlnz Dlrertor< Report for the year to 31 December 2023 We wlll eontlnue to focus on communications aL*Mti•s, usln8 Social medl? Ind other rnews to reèch a wider range of potent5al off-setters. We wlll also pursue new partn•r5hips With businesses. organisatlons, and indivldua15 In the UK and bed so that we can support more communlty.b•sed carbon mttl8ation proiMts Kross th• world. W• wlll contlnu• to support our existing projert partners to prthlde rnonltorlnl and reportln8 on exlstlng projects. We wlll fund new Sèal of Approval partnership phases of exlstln8 projects ind seek proJ•rt partnws. We wlll work with mcre NGOS WIKJ want to use th• Seal d Appnml to assess th• carbon mttliltlon Impacts of thelr own proJ•ds for lrternal fun&inz puwes. Issuing Seal of Approval I1¢•ne for projects whlch meet th• crlterf We wlll Mntlnue to arry consultsTrcy work to support th• audlt of carbon footprlnt cakulatlons of oryanlsatlons. Publk benefft In shapln8 our obJectF%ry for the year aNI plannlnt our •ctMtOes. th• trust••s consldered th• arIty Comm1s51on's guldanc• on publ1¢ benefrt. IncludSn8 the 8uidanc• 'Publlc Ben•fit,' Running a Charlty (P821'. All trust¢•s ¢cmsld•rth)t th• actlvltles of th• ch•rtty d•rnonstrate publlc beneftL Th• r•port has been prepared havln8 tsk•n advants8? of the small ¢ompanl•s' •x•mptlon In the Companle$ Act 2CKI6. Thls report was approv by the Trustees on 31rtAu8USt 2024 and slin•d on th•lr b•half bv: Davtd Mehy ITrust••l 12
aimate sWds Iregtstwed number07442207. charity number 11411081 Climate Stewards (A company limited by guarantee) Independent Examonerfs Rewt to the members of aimate Stewards I report to the ¢harfty trustees on my exarnlnatk)n of the acc4)unts of the company for the year ended 31rt December 2023 whlch ar• set out on pages 14 to 21. RPertIve responslbllftle5 of trustees and examlner As the charity trustees of the o)mpany land also its dlrectOTS for the purpos•s of cornpany lawl you are rn5ponsible forthe preparatlon of the ac¢ouftts In ac¢ordan¢¢ wlth th• r•qulrem¢nts of th8 Compankn5 Act 2{)61'the 2CM)6 Acy). Having satisfied myseff that the iCtt•unts of th• company are not requlred to b• audFted under Part 16 of the 2(¥)6 Art and are ellqlbl• for Independ•nt •x•mlnatlon, I r•port in r•sp•ct of my •x•mlnatlon of your clryanls •(tourrts as Caled out under sectlon 145 of the Ch•rttl•$ h£t 20111'the 2011 ACV). In carryln8 (Mrt my examinatlon I have followed the DlrecUons E]ven by the Chrlty Commission urKhr sectlon 14515}(b) of the 2011 ACL Independent •xamlnff's statement I hav• completed my examln•tlon. I confirm that no m•tt•rs h•v• c¢)rne to my attentlon In connection wlth th• •xamlnatlon olvlns m• ¢au5• to b•lleb* that in any m•t•r411 r•sp•ct: •ccountln8 rncords w•r• not k•pt In i•sp•rt of th• cfjmpany 4$ r¢qulred by sectlon 386 of the 2W6 Art: or the accounts do not •ccord wlth those records: or the 4ccounts do not comply wlth the accountln8 rnqulrem•nts of s•ttSDn 396 of th• 2006 Act oth•r than any roqulrem•nt that tho accourts olv• a true ind VW whlch Is not a matter consldered as part of an independent axaminatlon,. or th• accounts have not been prnpared In •ccordance with th• m•thods and prlndples of th• Slatement of R•commend•d Prnctlce fry •c¢ourrtln8 and r•portln8 by charitles •ppllcabl• tochariti•s pr•paringthelraccounts In accordance wlth the FlnancS•l R•portln8 Standard applk•ble In th• UK •nd R•publlc d Ir•land (FRS 102). I have no cOnrn5 and have rome atT055 no other matters In connectlon wlth examlnitlon to whlch attentlon should b• drawTrlthirTeport In ord•r to enable a prop•r understandln8 of the accourfs to b ZRob•rt Anderson FCA Azets Audit Ser¥lc•s 3Mc Middlemarth Busine$5 Park Slskln Drive Cpv•ntry CV3 4FJ Date: /el 13
Cfimatestewards number07442207. thwity nvrnber 11411081 Climate Stewards (A company limited by guarantee) Statement of Flnancial A(thiltles (incorporating Income and expendtture accountl for the year to 31" Decembu 2023 Totsl R•strfthd Funth Totsl IncomlThg VoluTht•ry Incttrn 279831 337330 216ml 7.341 224.145 Totsl Intom 279.438 337J>) 216 7,341 224.145 Exp•Thkd Charltsbl••rtMtI•s •) 1717>7 53,492 226229 7.341 220,2 Go¥ern•nc• Costs Iltht•4 813 173.791 53A92 227.243 2U,6n 7J41 22L013 NET INCOMIN$ RfSOIMCES Ibehrn SwpluJl(L0010Th Inv•th•nts} FOR THE YE* 105.647 IIOA47 3,132 Unt••llMd {3J231 (3.3231 Ilq152 5JKX) 115J52 B•l•nt• FoTh4•rd •t i l•rw•ry 2023 8•l•Dt• C•rrl•d Forw4vd 4tJi" 24.675 24,675 5,fyx• 139.636 24.484 14
arr•sT¢¥ard5lrryt5tffed rer071422O7.frityrnJMbe1 114111x1 aimate Stewards (A compaoy Ilmited by guarantee) Bolwnce Sheet as at 31st OecembeF 2023 132 A743 J25.62 14914 WJ9 24484 H¥pr•I•d.. R•%lrfct•d Furi Illrt• 13) 24484 cthn477ofth• Cunp•SA2 tt>Thll c•rnpwd qUVs1ion In clk)n 476: Act IOQ6 rel•tlwto srn and ¥h HMndl R•pttr Stsnd•rd applk*ble in the UK ar k•l•NI IFRS1021 IdFectlw lknJwy20191. Truslue 15
Clirr•teStewaTds IStEred numbw07442207. chaf1tyThjmr 11411081 Climate Stewards (A company Ilmited by guarantee) Notes to the Flnanclal Statemuits for the yar to 31" Decenthr 2023 The prlnclpal CL1ntIn1 poltdes . luernÈnts and key sourr4s ofestimation uncertaty In the preparation of the fInantl statements are as follows.. A¢c(wnth¥ The tharlty lsa prlvatec¢¥ry)any limlted zu•r4ntee IrKorporated In Engl•nd and Wales •th ofpr•prailon ol fln•Ml•l st&t•mevrts The fir4ncial Statements have been pryred kn acrord•nce Acrnuntlre and fteportlnq by Charltles: Ststoment of Rec(fftnended Praake applkable to tharltles preparln8 thelr accounts In X(danCe wlth the Fin•ndal Reportlry Standard applble In rhe UK 4ThJ Republtc of Srellnd {FRS 102) leffeLtlve l January 20191- (char5 SORP (FIIS 10211. the Flnandal Reportirq St•ThlaTd appllcable In the UK and Republlc of Ireland IFRS 10214nd the Com15 Art 2LTh. The charlty has tsken •¢knntsy gf the pro¥tsMxu in the SORP for th•rlU•s applybng FRS Uwlat• Bdletln I not to prepar• • St4teffrt of Cash Aow& The acwwrts afe In r¢lallon to the ch•rlt4ble company only. There are group companles for ftr Ivnslderntlon. The flnanclal ststemerts ar• prepared sterllffj whkh Is the functlon•l curreryof the tharttable corymry. Monrt•ry4nwnts Irb these fInalI statements are rounded to the n•arest É. R<xkfield House. Horn Strrf NuThwrf. Frome. SunerseL Wi 4NP h the reglstered office ofthe o)mp•ny. The wmp•n¢s artl¥ltknar urrfed globally. The erthy Is i publlc bete1th. 13 Fuml Unr¢strlcted funds are avèllable for atthe dretIon Of Trustees In fvrtherance Oft general I)bc¥t$ otth• thirtty •nd hm not been desneted for other purposes. l incoming resour5 are InchR In the Stateffnt of Hnandal Artivttks when the chartty Is leqalty entltled tothe inrome and the arnount can be qntird th reasonable accuTr¢y. 16
aimèteStrwatd5 (lsted number 07442207, tharity numter 11411081 Cllmate Steward5 (A company Ilmlted by guarantee) Notes to the Flnanclal Statements for the year to 31" December 2023 ITxome ta¥ reC{red In relatlon kn donations red urmler Glft Ald Is feojgnlsed at the time of the donation. All expendlture Is accounted frff on an 8ccn¥ls basi5 arrfl has been incIled under expense cateKorle5 that awe8ate all costs for alknation to acttIes. At eath reportlni end date, mofbetary B55ets aThl IlabllMe5 th•t are denomlnated In foren CUTrerKles are fetranlated atthe rates prev•illrg on rep(Yttn8 end date. IMomè a1 expondlture In a currency other the comparfs functlonal currenry ar• translated lrto the funttk)nal arrrency USI tht pmlltrq rats gt tr tbTh? ofthe tran5acUon. Galns or losses •rlsiry on transxtions •re inctuded in the Inco and E¥pendlture Kcountfor th• p•rk>d. The trustees hm a$sed wthether the use of th• 8DlnK conc•rn assunytlon Is Ipproprkte In Pfep•rlry these flnandal #atement& The trustr•s ha rne thls assessment in respect to4 perlod Of0 rfrOm the dats of •pwtr•al OftSe flnanclal rtat•merrts. The tr4Atees of Ihe charlty c4yxluded that ther• •re mat•rl•l uncertalntles related to•wnts or corrflltlonsthat may cast rC?rtdQubt on the obllltyof thecharity to contSnue as a golry concern. The trustee5 are of the opinion that the charlty wlll have sufflclent resources to meet its lEablIleS as fall du¢. Th¢ trustees monttor cash flow throth the year indudry future sources af In¢ome VL• • system whkh tracks fUlraIsI expeci•lvJn5 nw)nth by morth. Donated professional services Ind d¢n•trd f•dlltles #re rec4n1d bs income when the charty has control over the im, any ndlon$ a550Ciated whh the donated Item h3ve been met. the recelpt of economlc ber from the use by the chafftv of the Item probable and that economk benefft can be measured rellbbly. In acconlance wlth the Charitie5 SORP IFRS 1021. pneral 7m1eerIome is nrt le&nIsed. L9 DÈbtor8 Trade and other debtors xe r•cognised •t th? ttlemeTrt due afteT arry trddè d15count offered. Prepayments are valued at the amount prepald net r>f )y trade dlxounts due. 17
crNnatEStewaTds Iregthred number 1442207. charity number 11411081 Climate Stewards (A company limited by guarantee) Notes to the Flnanclal Ststements for the year to 3141 December 2023 LIQ C•th •t bank •xl Ih hnd Cash at bankand cash In hand Indlxles c45h aThl shortterm highly l*uid investmerrt5 wlth a short maturrty of three months or tess froni the date of acquisltion (Y openlng of the deposit or 51mAar •¢counL Lll c11tOrS and prnblom Credltors and prnvtsion$ afe renISed where the charty ha5 a present obllgstlon Tesuttlre from a wt event that will probably reAtt In the trarsfer of fundsto a third partyand the awrf)unt due to settlethe obll8atloTr c•n be measwed ow estlmated refflaE y. Credtors and are n¢mlly reeo8nlsed rt thelr settlement aThKJunt after allowlngfor ary tr•de di5C4>unts due. 1.12 Instrnmerti The trusl onty has finand•l •5sets and financial Ilabllttles of * klnd that quallfy a$ b•s1 flnCIal k)xrument& 8a51r fnanclal IrUments are Inttlally reco8n15ed at trans•ctlon vafue and Subsequent measured 8t thelr settlèment with the •xceptrDn of bank loans whKh ore subwuentty measured at amortlsed cost U51r the elknfve Interest method. volun Incom• Tot41 Jras Glft Ald Domtjon 44745 31161 Other Don•tknni 2Cq357 41,953 7yI 1,984 Conwltan¢v 35,375 3SJ75 U¢•nslni Fe 3520 320 279.438 492 337JaO 216101 7.341 224,145 18
m•te Stewa5 nUMr 07442207. c143rty Nrnber 11411081 Climate Stewards (A company limited byguarantee) Notes to the Flnw7clal Staternts for the year to 31" December 2023 Anatysls of clI1•blO Actlvlii•s Tetsl l•rfe5 and Pen%knJ Dlrocl Project Costs Other Project Costs Admknlstr•tlon 117,656 38,475 132.656 133,112 65,818 133,112 73.159 7341 13.929 13.929 220,200 171737 7.341 Dlroct ProJ•rt Costs Thls consists ofGrants to the numerow Projects det•lled wltkn th•trurtees rert and Is Ixoken down as follows: (e•Trb•r A Rocha Ghm• Enthble 8usoy-Upn A Aoch Uynd• RID>NepBI Afrltthn $tOrS Fund Upnd• MVG Taniara De¥etrJpmtnt WatUsh•ds £co CaMeMtn A Roch Peru Eco Brf Totml Gr•nts Dkert Prohrt Ci4ts l•dudlr Ir•ntsl 14J56 4.4EO L751 24W7 956 4Jl4 U50 9L51B 59,532 51 73.159 19
StEwords IwblEred number07442207. chartty Mrber 11411081 aimate Stewards (A company limlted by guarantee) Note5 to the Financial StstLYnents for the year to 31° December 2023 Staff costs 2023 W¥e$ and Salarles Socknl $utyCo$ts PeNlons 92A 9L435 29,933 11,744 133.112 11.758 656 The average monthty number ofemphwsdurinl r w85 follow5:. No emplo>tt recKd remuner1tk amountln8 to mrKe thon £60,IXXI in either period. No tTUStee or gthtr mErnbers of key min•8enxrt pet50nnel rece11 remuneratlon In eItr perlthl. 140 trustee expenses were Incurred, and SLknyntty relmbursed. In eIthErf. P•nslo The corryry operbtss i d•ffMd ClrttArtI0n penkn sttne.Tr* peMSon costs wlthkn the p•rlod total £11.75813)22: £11,744) Governance co 2022 IndepeTrJent Ex4mtrterfi Fee 224 53 813 O•btors: 2022 15.132 15,132 16.641 2Q
aimJteStewall¥8trred rwmbw07442207. tharity number 11411081 Climate Stewards (A company limited by guarantee) Notes to the Flnandal statements for the year to 31" Decanber Z023 8 Inwstmeftts 41sted securlues: 2022 Al ljafftuwv 34,231 4,330 Unreillsed pl1105$} kn tIv At31 ftember 13B231 30.9( 39.743 33,LKMI Lktod IrNe5tm•ts Ittht7T1nd COIF Chwltles EttrAc•l Investsnent Fund Unltsl 9 Cr•dltov%: Arnowts lal due wlthln one 2023 570 othqf 4.7 IL914 28,611 29.181 10 Cr•dltoTr: Amounts due •ft¢r one yar 2023 ZQ22 Accr& INDte 111 44339 46J39 30.462 11 Acffu•ls 2022 55.721 Add¥•1 Contr•ct pr¢hlded for pwlod Released In the p¥knd C*rrbd Forward I177) YOA62 19.3821 4&339 21
Cknate Stewards (regred number07442207, charfty numbÈr 11411081 Climate Stewards (A compary limlted by guarantee) Notes to the Flnancill Statements for the yr to 31- Dttember 2023 12 ReJlJkt•d Fund$ Movement In Funds Movement In Funds Int4XTrV¥ lJ•rw I J•Nwry OK•mb•r 7.311 (73411 154.>)2) 13.2061 Tr•• Glb• 20.304 13 Ana of NetA$ts Btheen Fwb Tltsl 1022 rY•nt IU•bWrtknD 14 Rdat¢d Party TraWa¢thS Th•re ¥rne no rtl•t•d p•rtytrw4•¢lh)ns kn th• pto 15 Conliuilon The charItsb £panY1% • UK enttty fAnlted by4VateL ft no share cAplhl. In the event of the dwrltybelw Tw¢>uld up. the laIlIty In re5pert of the 8uanfvtees kn IlmJt•d to £5 per m•n*•r ¢rt the th411ty.