Company registi'ation number.. 08908420 Chai'iry I'egislralion nuniber.. 1155954 The OVO Charitable Foundation IA compally lllnited by guaranice) Annual Report aTrd Finatttial Siattjncnts for tlie Year Endcd 31 December 2020 The OVO Chxritable Foulldation Contents PAge(s) Referen¢¢ and AdmLtIiSlrative Delai15 Trustees, Report 2¢023 S121ement of Tiustees, Responsibilities 24 Independent Auditors, Report 25to27 Statemcnt of finatjcial Activities 28 Balance Sl)eet 29 Cash flow Stateinent 30 Notes to the Financial Stateinents 31 to35 The OVO Charitable Foundation Reference and Administrative Details Trustees / Dlreetors Stephen Fii£palrick {resi8ned 26 May 2020) Mattiiew Owen Iresigtled 28 January 2020) Satlluel Kaswnu {resigned 2 May 2021) Gina Ci¢Eronc Phillip Keny lapw)inted 24 Api'il 20201 Raman Bhatia lappoii)ted 29 May 2020) Katlierine GoldsEnith Priiicipal RegÉstered Office Rivei'gate Temple Quay Bi'istol Unl￿d Kingdo BSI 6ED Company Registration Numbei. in 08908420 Ertglartd Charlty Regl$trAtloll Nuiknber In England 1155954 Independent Audltors Pri¢eMiaterhouseCoop￿￿ LLP Chaitered A¢couDlants and Stalutoiy Audi1013 2 Glass Wliuf Br&stol BS2 OFR Page I The OVO Charitable Foundatlon Trustees, Report Tlie irustee5 {wlio air also ¢lie cliaTitablc eomi)any's directors foi. tlie purposes of ¢omi)any law) present tlieir Tiustees, IEpoil ioge¢lier with tlie audiied financial blatemenis of the ehariiable Company foi. Ilie yeai. ended 31 Deccn)ber 2020. Tliese fil￿ncIal stdteiments. have been prepaird undei" FRS 102 at)d the Chariiy SORP (FRS102}. Tlie ttustees, report also contsins infonnatson required in a directors, i'ey>rtas irquired by company law. A note from our ChAIv Oui. annual report gives us the cliancc to reflect on a tLThly reniftrkable year. When we begaii 2020. we ljad iio idea irf)at lay aliead of us. The iinpact (If Covid ha5 affected OVO Foundation's work fix>iiJ England to Kenya- across all ai'eas of our work, fron) early-yeats to lioniele%sness ¢0 eneL"gy acccss. l ittcredibly proud of the impacl thai our partners liave n￿de dcspite tlie challenging circunistanccs. l am 8ralcful io each of Ilicii) for tlieii. resilien¢e and slieer detej'inli￿tlo0, adapling (kliveiy to continue, and in many cases s¢ale the projeets, to benefit tho.%e In05t ili Iieed. Over Ihe couiEe of 2020, we electiified 300 scliools and li¢alth ¢liE)Ics in rural Kenya, wc 511pI)orÈed 88 young pcoi)le and bi'ought a fuitliei. five pJx)perties back inlo use tlirougli Futurc Builders, and we i'eaclicd 2,790 cljildren tliT()ugh oiir ediicational inequality piogi'anirne. Ive also responded diJe¢lly to ihe CoTonavirus ¢risis IhiDugli OVO Gives Back and invested £120,000 in local eharitics that iv¢r¢ lielping those ￿K)St IlllPdCEed by the pandeniic. 2020 was also a year of goveTnance ti7iisition. I w￿lt to pass on my huge 8iatitude to Steplieii Fitzpatrick. Fout)dei' and CEO of OVO Energy, for eslablishit)8 tlie fouiidalion iji 2014. AlthouBlI lie stepped dowll fix>i)i the board in 2020, his vision and values reniaitt integral to the work of the Foundatioji and we look forward to continuing his legacy. Al the same time, we were plea%ed to welcome two new trustees. Phil Keriy brijigs Ivealtli of expei'ience not just in youth liomelessness bitt also from various roles within the ¢haritable sector. Raman Bhatia i5 OVO Ener8y'5 Chief Operatijig OffJ¢e and his experience in financial and business managcineiit will also help to furtlier Ilie ivoj'k of tlje Fouiidalioji. We are deligljled io Iiave tliein ot] board alongside Kate Goldsinith 2nd San)llel Ka$uihu. Wilh d?e new governance came a new vision - to en%lli'e tliai all children and young people have equitable acce55 to a sustainable future. Tlie new envil￿n￿leiit erea¢ed by t]ie pandeinic, alon&8ide our ¢vth" growing awareness of tlie cliinale ci'isis and Ilje iieed lo take ui'gent aLlioti, lias driven lis to pi'ioi'itise liow we create a faiiET fiiturc fol. children and young i)eople around Ilie woi'ld. OUT r)ew vision is designed 10 ¢oinpleinent OVO Enei'gy's new stainability stittegy, Plan Zero, wl)i¢h ain15 to drive progress lo nel_zeTO caTbon living. We are delighled to liave launclied a new £lin progiainnie to cliildren and youi)g people in tlie UK willi tlie krtowl¢dge, skills, and confidence to Éake action the climate crisis - and have created thre¢ new paitrei"5hips to liclp achieve Iljis goal. We believe that our slTate8y is part of eina8in8 and much biY)ader societal inovement. W¢ hope Iliat talking and leaTniiig a1￿ut cliii)aie i%sues becoiiie part of oui. daily lives, 50 that everyone kniows what Il)ey catt do to lake action, and to make the world a greenei., fairer place to ww up iji. Gina CiceiDne Chair of Trusiees Pa8e 2 The OVO Charitable Foundation Trustees, Report Introducing OVO Fouiidailon Our vision dnd ro rainme areas UVO Foundation is OVO'S charitable ami and is funded by OVO ciistOTlleTS AS well as OVO Ettergy. It was created in 2014 with a mission to sui)poit inspiiing orgarjisatiotis with silluit ideas thai give young people a better fiitiwe. In 2019, we undcrtook a sts?tegic ilview and in 2020 we a￿ted on d revised vision.. foi. all ehilth.en alld young people ￿ liave equitable access lo a sustainable future. This vision has sustainability at its beait ajid aligns ￿'1th Pla￿ ZeL"o, Ovo'b lo-year visioii lo drive prO￿.¢s5 towards zei"o-¢ai'bozJ livijg. When we talk about creating a sustainable futui"e. we n)ean that we're comniitted to suppoitsng projects that bring togetliei" social, environniental alld econoniie con)ponents - and we want all childrell alld young ￿0p]e io be able to 8cce55 those thEngs on an equiiable basis. Whilst we makntaill our eomn)itnient to ￿aking tile fulure betier for young i)eople, tlie new strategy means OVO FoundaiioiJ will focus more oli funding pi"ojects that addTess issues relating to energy at)d climate change as Iliey affect ¢liildren and young people. In particular, our goa15 ait lo ensuiE that.. All cliildiert and young people I￿vC the skills, knowledgq and ¢onfJd¢nce to take action susiainability issues, and to help inake their own coinmwiitics inoir suslainable. All ¢hildren slid young people live itt a SUSQinable Loiiiinllllity. To acliieve thes¢ goals, OVO Foundatkon focu5es on.. • Reducing youth pOv￿ty In¢iEasiiig enei'gy aecess Einpoweiing young people to take clitnaie aciion Our values aiid a roa¢h to fwidi We invest in projects tliat address a real and genuine need, ¢an demonstrate ineasurable and meaningthl iinpa¢t, and provide a l)igh return on inve8lJi)cnl. We are comniilted to funding projects tliat liave potential to brin alx>llt Iollg-tcrn) systemic change and can be scaled wlierevcr po&%ible. We are also Co￿nitted to sliaiin8 our leai'nings widi otheT eliarsiies and or8anisatioi)s, lielpillg iliejn lo ftlso be Jnore effective in Iljeir grantiiiakiiig and deliveiy. Page 3 The OVO Chai'itable Foundation Trustees, Report Our 020 achieveit)eiils Against the backdiY)p of a Pdndemie ihaL caused widespread disruptiOJ] around tlie world, we aye proud ￿ have Inade pragress against some of oui. origiE)al 2020 obje¢iives wliilst also adapting and pi'oviding flexibilEly to our partners to .support tliem in an unpi'eecdenied situation. In 2020 we invested £1,014,962 in boti) new and cxistirtg pi"oje¢ts and Tcaclied ovcr 50,000 b¢neficiaL'ies. In addition lo ihe progres5 our partners liave n)ade tkn"0Ug￿ ourprogramm&8, oui. key achievetncnts for 2020 in¢lude'. The lawich of OUL" iiew £1￿ progratmne area, Clititste Ch￿igerS, C￿powe)￿ng UK young people to takc climate action over the next 3 years. We also signed tkne Fullda. CoJi)mittneni on Climate Challge to dejnonstsxte our eomniitment Éo playin8 a part in addressing the causes of diinale change Suppoilillg Ji)ore young people thltyugh Future Buildet¥, our youth hornelesstiess project, fftn Bristol, Noiwich, Perth and Sheffield Tlie expansion of pI￿leCt Ju4 our solar electrification pJDje¢t it) Kenya, electrifying 300 Jnoir scliools and Iiealtii clinics Rollout of oiir educattoiial inequality programJ]ie to tackle ihe early years gap Invesling £120,000 in ¢haritie5 local lo key OVO sites to supi)oit Ilieir i'esponse to tlie coron&virus pandemic Two new trustees, Pliil Kcrry and Ran￿ll Bhatldy joining Ilie OVO Foundalion board Completit]g a iEvi¢w of OVO Foundalion's iinpact mana8eineni Strengiliening our gov¢rnan¢e fiamework 2020 was an eAtreniely Lhallengin8 year foi. Jnany vf our charity partners due to tlie impact of the coronavin]s pandemic. The unprecedented scale of th¢ ¢i"isis meant tliat all organisaiiotjs weie adapting to iiew ways of working whilst continuing to siipport vulneTable giDiips njost negaiively impactcd by the pandeniic. We signed the Covid Fundcrs Siateinent io denion5h.atc to ouj. pai%ncrs tliat we wei"e coulliiilted to beii)g fl¢xible and unda?tanding of the facr that their tiine and resources w¢ie being stretched. We woi'ked ¢losely ivitji oui. parln¢is to suppoit the adaptaiions atth changes needed to coiilillue our woi'k, foi. example flexing timcscales wheiE lockdo￿18 inade ddly￿y ijnpossible, and adaptatio]]s of fomial fromi physical to online delivery wh￿￿ possible. Pa8e 4 The OVO Charitable Foundation Trustees, Report Programme5 aetivities amd perforn]¥4nce The Foundaliort ha$ tiiemalic areas of locus wliich all cojitribule to giving children and young people equitable acces5 to a more sustainable futur¢. The Foundation's boai'd of tru5tee5 is responssble for app'oving the funding of iicw programTnc5 and projects, and all liave regaixl to the Chaiily Conimission's guidance on public benefit. OUT progtummes and projects Cenlre around.. {1) Reducliig youth poverty in the UK tlirough Future Buildev Since 2016, we hav¢ beeii conunitled to reducillg youi)g poverty iii the UK alld specifically tackling youth hoinelesstsess. Our tlagsliip plogi.￿1]Me, FutWE Builders, was developed by OVO Fowidaiion in collaboiation with a local youtli bonielessness charity with die aini to bl'eak the cycle of boineles5ness foi. young people (aged 16-251, allowing tliein to PUL%ue independet)t and sustainabl£ liv&8. FU￿re Builders is designed to addiESS thc laek of move-on options foi. young people, espectally those wlio are ready to leave supported liousing attd want to access educat￿011. cniploymeni or tL3ining IEETI. Througl) Future Buildei"s, youhg people are provided willi access lo safe, ljigh-qualily and atTordable Iiousing as well as opporlunities lo access EET in order io lielp ￿￿ve Iliem tlir(iugl) the hoii)ele$sness patliway illÉo indq)eiideiil liviog. The objcctives of tl)e piDg[al￿me ale to.. Give young lioineless people the siippoil and oppolluniiies to adiieve qualsfJ¢ations, gai¥J professional expeiienLe and suslaln ¢inploymut PIDvide sate, hi￿1-Qual2lY 4nd affoi'dabl¢ liousing to ensure yoiing people aTe able to sustain independent living Biiii8 derelict piopei'lies back iiito use aE)d tiien) into sustainable liomes Bring tog¢thei' key stakeholders fi￿rn local governineni. cliarities and comp8nics. lo share best practice ￿ld k2)owledge in the sectoi. and d¢monstrate ts successful working model for i'educing youth poverty alld honJelessness it) 1￿C UK In 2020, despite the challenges of coronavirns, Ive continued rollout of the pyogi'aniiiie acros5 four locations, olmpleling i'efu¥bis]iment and opei)iiig up irsidet]tial oppotfvnities of fjve ijropei'lies, including thi'ee acros5 our new location5 of NoTfolk ai)d Pert]i. Ful￿￿ Builders activit in 2020 Expanding FutUTe Builder5 Irt new lo¢alions despilc LoJx>navinLS challellges Future Buildcrs is now in ils fiftli ye￿. find is needed now more tlian ever. The pandeinic has affected all yoiing people dispi-opoilioiifjtely.. l iii 6 liave seen tlicii. incoine fall. they aTe inore than twice as likely to Iiave lost their job. aiid youll) unemploy]iient is sei to i'e2cli its hig]iest level since the 19805, hi¥hligliling aji evei. increasillg need to support youllg people iii finall¢ially vulllerable si￿atio11S. De$pile tl)e Chall￿1ge9 of Coronaviius, we rolled out the pro6rat)ime to hvo new Iwations - Pertli and Noifolk workillg wi¢l) local ¢hariiies Ilie Rock Tii]st and Tlie Benjainin Foundaiioii i'espe¢tively. Wliile contractoi's wei'e pitvented froni erttei'iiig L)roperlies du¥ing lockdown, chai'iiy slafy went to coinplete painting and decoi?ting to ￿lSuiC at]y dclays to Ilic prograiTrune were ijiiiiiiiial. Siaff contiiiued to suppoj'l youiig people ove¥ tlie plioiie or via video calls, young kRople liave beeli givert food parcels wlieiE iieeded atjd have beet] provided ivillj support 10 Llajn) Univeiul Ci'edil aiid lo seaicli for jobs wlieii furlouglied UJ. 1i14de i'edundanl. Pag¢ 5 The OVO Charitydble Foundation Ti'ustees, Report b. Continuing partneY5hips witl) otlier ￿nderS We have colltinued lo work witli End Youih Homelesst)es$ {EYH) who oversec Future Builders and ¢onvene tlie four eI￿ritIcS in BT15tol, Sliefficld, Noifolk ajid Pertli delivering tlie prograinnie. During 2020 Uiey led Uie revision of otir reporting lemplale bascd on the n¢w Theoiy of Cliange (see below foi furthei" (tetaill. and ensui'ed quartei'ly reporting to OVU Foundation on progress across all lacalions. EYH also brings togethei. the chai"ities foi. woi'king gioups to share best praetkce and suppoit wilh any cliallenges with pro81'amine zclivitits, palticu1￿lY for newer pai1Derb. In 2020 we also secuird a total of £90,800 in ￿llding from LalldAid, an organisaiion who bring the property industry togelhei. to suppoi'l CI￿rI11tS delivering life-chansiiig savices for young people who al'e or have been h02heless, OL. wlio are at risk of homele5sne5S ill the fi]tuir. LatJdAid ¢Ontributed £50,QOO foi. tbe refill6ishmenl Costs (whicli total £65,876} of hvo Future Builders propeA'li¢S in Noifolk. A5 a Tesult of LatJdAid's contyibution. affoirfable accomniodalion will be provided for at least 18 young peoi)le in tlie area over a Iliree-year period. Tljey also eontiibuted £40,800 for ilie refurbislimenl costs and fjxww and fittii)gs {wliicli total £40,800) of tlii.ee Future Builders piDperties. As a result of LandAid'8 contribuiion, affoiyiablc accoininodalion will be PTovided foi. at least six local young people over a Illlee-year period. We I￿ve coniinucd to nctwoi'k witli oilier fundei"s working in youili homelessness loo, Including Ilie Ajidrew's Cliariiable TTU51 (ACT) who we Iiave beert working witl) on theii. plan io pur¢h&%e a 5eini41erelicl pi'opcrty in Bi'istol in 2021. We liave agreed Ilial st8ff wlio work on Futuie Buildei'5 at 16251P, our cl)arity paitiier in the city, may alsts work with tlie young people wliu will live in ACT'S new PiDperty. In addition. we are keen to collabardte with ACT on making their new property mole enei'gy efficient and sustsinable. Lessons leaiTrt frorn this PL"ocess ivill feed into plans to also improve the 5UStaiiiability of F'utllre Builders pi"opeLtie5. c. Sirengtbening the IEPOrtit)g framework al￿ process As on¢ of oui. most establislied progranimes, Futui'e Builde¥5 was the fjrst area of our woi'k 10 be included in tlie review of our itnpact man2gcment. lrt 2020, pi"IOT to Ilie outbreak of tl)e patjdeinic, we lield a woi'ksliop with tlie chai.ity partners wlio deliver and oversee tlie programmc. As well as an oppoi1uiiity to welcoJi)e tl)e i)ewer partners, share experience and leaTn frojn onc ajiother, we developed a Futui'e Builders Tlicoi'y ofchaiige (Toc) and revised Ilie pi-ogiTrJn]ne's repoi'ling fram¢woi'k. This l)as led to a i'cpoiting iemplat¢ wlii¢li is easicr to Use. produces inore weliable data oiid i'eceives positive feedback from pai'it]eiE, wlio have found ir particulai'ly lielpful in theii. day lo day motJiloJing of yowig peupl¢'s PTogies5. d. Increasing sustairtability and aligning with oui. new strategy As part of tlie aligtunellt to our new vision, we aL"e woi.king widi paitners to exploit how we make Ihc piY)p¢tli¢s we reiiovate mol'e enagy e￿I¢lellt for yeai3 to ¢oJne. As above, the work with ACT gives us an opporliiiiiiy to learn about the process of workiiig with a ielrofil cooi'dij￿t0i. ¢art advise oil the measuiES we need lo put iii place for each property. We liope to apply this learnll)g to ow. FutUTe BuildeTS properties in 2021. Pa8e 6 The OVO Charitable Foulldation Trllstees, Report mi nce Togeihei. witii our pai'thers 1625ip in Bristol, Rouiidaboul in Sli¢ffield, The Rock Trust in Pcrth, and The Benjan)in foundalioii in Norfolk, we 5upporled 88 youtig people in 2020 and brougli¢ a fiiitlier five PTopeilies back into use. Young people taking part In Future Bullders: 88 yout]g people engaged with the pro812tnme duiing tlie year iaking the total num￿. of yuung people supported to J94. Tliis total intludes both tile yOLillg people who go on to live in the Futwr Builders piDpeitie5, aiid t]iose wlio eboose to ojily paTticipatc in th¢ trdiijiiig and refiLrbiSl￿nelll.Clelljertts. Recelve support and worli towards Indlvldu•l golll$.' Young people al'e supported to identify and work towards a personal goal rangiiig fiY>m improving confidence building relationsliips to finding employn)ent. 85Yi of young people identified aiid niadc prO￿.eSS towards Att in(tiv&dual goal wljile eiigaging witli die pIL)gronime in 2020. Acce5$ Edu¢*tlon, Employment & Training.. 63 young people acliievcd a qualificaiion whi¢h repJEsents 72¢10 of Ilie youjig people pailicipating in tlie piDgiTrinme. 77 young peoi)le gained professional experience, 880/0 of Iliose i)articipating. Young pcople have pursued tnany different EET opportunilics this yeai" foi. exa(Jiple one secured a job working for BTiS(ol City Council wliilst another cofflp5etes of people and iEnprove theii. liealth and ediicaiion oiitcomes . Bypass the need for ￿'id ¢onne¢iion, helpiijg 8void C02 emsssions for years to Coine Gather data and itisiglit on energy pi'oduction and consumption in schools attd health clinics to help shape futLYe off-grthd solar projects Tile p¥ojeci started as a small pilot with OVO Foundation fujiding tjie electrifi¢aLiOn of 20 scliools and healili clinics. Tliis pilot conipleicd in 2018 and i?rodu¢ed valtsable infoiinatjoil 2nd iiisight to info1￿ die se¢ond pliase of the progi'aniine. Page 8 The OVO Chai'itable Foundation Trustees, Report ectJua actiVSt in 2020 a. Complelion of Pliase Il eXp￿ISion, despice Coronavin]$ dialltnges In 2020 we focused on the expansion of ilic project lo elcctiify a furtlier 250 sehools and 50 health clinics in s<)mc of the hardcst to Lracli palis of the county. The goal of tliis progiamme is to itnpiDve health and education outcomes foi. 300,000 ¢liildrcn and young people over five of the poorest couniies in Kenya, with ovei. 25,000 already benefitillg froill Ilie pilol. The outbreak of coronavkius led to 5ignkfJcanl delays sn the programme iolloul, due to the ¢losuir of schools for Ilute months and resttictions on the nioven)ertt ol indivÈduals. Oilier challeiiges faced by the inii)leinenLqtion paitnei. Eiiergy 4 In)pact in¢luded traiisportation difficuliies caused by the poor quality of roads and toi'renlial rains, ts'ibal clashes, tlieft of equipment and poor internet conllecuvity. Howev￿. despite Ibese cliallejiges, in October 2020 we ivere proud to achieve OLtr iargei of instslling solar and reniote iiionitoriiig systen)s it) all 300 public in5tilutions. We Iiave also provided int¢mal wiring in up to four rooJ?Js of Ilie institutions where needcd to ensure safe and etTicienl use ol'tlie systeins. NDW th31 ilie ittst211ation ha5 becn completed, OVO Foundation will work with Energy 4 Impact to begin mediurn moniioring and evaluation to measure the social and et]virollniental ouiL'oines of ilie project, and. work with tlie inslilulions and eollnty 8ovemnient5 lo ensure long susLainabilLty of tlie project tlirough In¢ntoring and reiatioiiship building. b. WoL"king with Imperial College London to analyse data 2nd apply leamings elsewhere A key oiitcomc of I'roject Jiia is to gather data understanding electsicity deiiiand by ulilisillg rejnote monitoring sysiems, and using tliis data to inform others lil th¢ sector. Designiiig oifgrid systems ¢ori'ec(ly is impoi1ant as undei3izl1￿ could iesult power beingT uiiavailable and oversizin8 could create unnecessary Costs. tn 2020 we woi'ked with Imperial College Lojidon lo turn the pilot phase of Project Jua iiito die subject ora Msc in Suslainable Enei'gy Futures thesis. This research was an impoi'iant fiTSt step. Despite limitcd data. die srudy concluded that iliere 1$ great i?otential to apply the knowledge gained froin Project Jua 10 new proje¢ts aiming to briiig electt"i¢ily access to schools alld Iiealtji facilities in reinoie and i￿ra] ai'eas of developing Countries. We will continuc to analyse thtt pmgramnie's data ova. the next tlilre years it) ord￿. to help ilje developiiieE)t of futw'e off-grid yrojec15 and Systrin sizing. Page 9 The OVO Charitable Foundation Ti'ustee5' Repoi't 020 crfomiance Projeci Jua is being implemented in two pliases.. the Implementaiion Phase (fToni May 2019 to Deceinb¢i' 2020) and die Long-Terin Sustsinability or Operational Pliase {ftom January 2021 to Dcccmber 2023). The Irrbplemeniation Pha% w2$ split into three stag¢s'. Planning - This included site identification IM8y ro August 2019) and nceds assessments atjd baseliAe surveys (June lo August 20191. Execuiio This included procurement and delivcry of solai. and reniote monsloring syst¢n￿ {June to Novem1￿. 20191 and installation INoveniber 2019 10 December.2020)- We inspected and approved each syste beforc they wei'e haoded over to tlie illslitutions. Monitoring Tliis included rejnole inoniloring of the perfoi"niance of Ilie newly installed syst￿￿$, troubleshooting and ii)aintenat)ce, and basic Iraitling for the institutions on opei7tion and maintenance {O&M) (Novembei. 2019 to December 2020). Despile disruption caused by coroiiawirus, as Ji)enlioned above, delays io tlie prograinmc were niiniiiial 8nd the Imiileiiienlalion Pliase was con)pleted in 2020 witli solar and i-einote EnotJitOiiii8 Systenis now inbtdlled in all 300 Schools and liealth cllnics. During the implementation pliasc.. A total of 394 institutions, compi'ising 323 schools and 71 elknics were assessed and data submitted. This wide P(K)l of potenttal institutiotts piDvided tile opportunity to select die siles based on ￿ assessment of their needs. After rigorous data analysL5, the tal'get 300 inslilulions 250 scliools SU ¢linics ivei"e selected. All of the 300 PV systems installed have bcell Lnspe¢ted, c¢riifJed to be fully fujictional alid handed Ov￿. to benefi¢iaTies. T￿.oug1] the iiispections, a tot21 of 22 faulty systems weir discovcrcd ai)d fjxed. A toial of 747 staff ￿eMberS weJE trained against a lai'get of 600. The tai'get ￿Pas to ti'aiti al least hvo staff pe.r illStitulioEI. In all inslituiions, a niinimujn of Ihree stsff per itislitulion weir trained. However. in inost institutions, all the statT pJr5enl took part in the training. For 27 itjstitulions in Kwale and Tui'kana counties, Energy41iT)pact P051poned training to J8lluaiyffjebru8ry 2021 due ¢0 scliool c105ure5 over liolidays and during COVID19 disruption. Tlirec clcctricians ivere Iiired per eoun¢y and eacli of thetn worked witli one assistatjt. A ¢otal of 30 local job5 were tlierefore ciEaied iji tjie 5 counties. Jii total, 067 iooins were wiird in sLliools and 108 rooms in clinics, including classrooms. laboratories, pli¢li-Inacie5 and Jllalerjiity wards. Page 10 The OVO Charitable Foundation Truslees, Report (J) EaYIy Intervention In edueatlon through When l Groiv Up Oveiwiew and ob eclives In 2019, we desi8ned a new pi"ogiMinm¢ called Wlicn l Grow Up to ta¢kle UK educational inequalily. OUJ. reseai'cl) led us to focu5 on a child's ¢ai'ly years 10-5) where tlie attainment gap slai1s when iheJE is Jio intervention - but also where the biggcst gains can be made when theie is. The obje¢tives oEthe ply)￿7mMe are lo.. Close the disadvantage gap in c￿'1Y year5 foi. thildren from le%s advantaged families in depiived ￿E&S of the UK D¢v¢loi) childrcn's coiiimunicaiion, language and carly liteTaCy behaviows to iEduce the word gap Engage and involve parents in positive behavioui's to ci'eate a strong and effective Iioi)ie learniiig envirowneLIt We selected t]￿ee oi'ganisations lo work with lo deliv￿. the prograinine.. Parental Engagement Network {PENI PBN trains carly years siaff 10 build cffcctive working relationships with parents in ol'der to suppoit and piowide oppDrLunities foi. eidy literdcy and children's school readiness. . Tgles Toolkit Tales Toolkit wurks witli staly in eai'ly yea1% settings to d¢livei' play-based storytelling to develop language. literacy and socioeniotional skills. Dtsoi'sttp Llbrary Dooi'step Lsbrary works with the hardest to l'each families ai)d uses volunteers to provide a weeldy readiiig an¢J libiary serviee diiE¢tly to family hoiijes I￿.8¢t¢d deprived areas. We also pi'ovided additional capacity buildijg support via allocating funding to The Sutton TNst aiid the Ihslitute for ELnployin¢nt Studies IIESI to SUPPOTt with nionitoring aiid evaluation. Tl)e funding for this pro¥aniine area will rl￿ Until July 2021 and, in line with the Foundation's i'evised strategy, we do not plan lo allocate furthei. fLTndinB io Ihis programme at Iliis iiJi)e. Wlien l Gl'ow U activi ill 2020 Coronavii'us pandemic signiflcaiitly affe¢ied PlDjeet dclivery for all pa¥tneiB In 2020, the Wlien l Gl'ow Up projects were all Signifi￿ni]Y affected by Ilie oDKt uf tliy ¢oi'onaiiiriis Eiandeniic in the UK, and Ibe subsequent ¢l¢)sur¢ of ediTrcational selling¥ Slicli as scliools and IiLl¥5ei'ies to tl)¢ majority of Childi'en In¢an( praciiliojieis could no longu. opeiate in the usual way. Faced with these unpl'ecedented CllfUlll5tances, th¢ dclivciy leains iieedcd to adapt th¢ir approaches attd, if they were iiot doiiig so ah'eady. provide irsouires diTeclly to hon)cs. Tlic respoJ15iveness and flexibility of tli¢ teains ii)eani Iliey iveie able to adapt their offcr lo f8inilies and schools and C1￿c￿ally. the resources alld SUpp￿t tjie projects oftered provided some ¢onsistcncy alld conliiiuily at a veiy challengiiik litL)e. We liad itLtertded to work with Ilie Jnslitule foi" Einployinent Studie% IIESI and thc Sutton Tiw.%t to supi)ort the three parineiE in iinpi'oijing dicii. Jiionitoring aild evaluation during die gi-artt per￿0d. As a consequcncc of tile P2ndcJiiic's cffeet oti deliverys how¢vei', tlie plans foi" evaluation fix)in tlic IES and Ilie Sution Trus¢ iwye updated so I}￿t Ihcy could instead exainine tlie cliajiges tlie projecls inade lo adapt lo Ilie ci'isis. Page 11 The OVO Charitable fi oundatlon Trustees, Report 2020 erformatice Whilst our par¢ners unfortunately unable to achieve some of the expected outcomes, tliey demonst￿led gitdt ir5ilience and adaplabiliiy when faced witli llnprecedenLed.and significallt cliallenges. Tn Iliat respect. we aiE gi?ieful to tliein fur ¢ont2nuing to fuL1hei the objectives of When l Grow Up as mu¢h as pu5sible to benefit yourtg childirn when 8nd where support is needed the most. a. fales Toolkit Tales Toolkit liad been focusing previously on training PTa¢titioners to iw play-based story¢ellEng resoui'ces with ehildirn. They u5¢d the giatii troni OVO Fouiidation to directly involve paL'eE)ts in the home Icamin8 envirotmient a2)d support their usc ol. Ihe Tales Toolkit iesources as well. The focus of Iheij. storytelling a¢tivities is 011 lat)Buage and communi￿tiOn skills, social emotional developnient and lilej'acy. The ts'ainiii&T IOI practitioneiB also aiiiis to develop knowledge and mtsiivation to engage parents. IES and Suttoii Tiwst worked wifli Tales Toolkit to tuim two existing draft Theory of Cliange inodels {one foT praclitioners and ojie foi. paiEntxl inio one ittodel tliat ihey can use going fotward. The cvaluation initially was going to exploir cliildi'eii's lJnBuage and cojnjiiuniealioii outLoineb bul instedd included an Intei-lliew with tlie delivcry team, four parent intcrvicws and five pi?ctitioneT lllteiviews. During loekduwn dnd school L105ures, Ilie Talcs Toolkit team quickly cjrated a Websi￿ to sliare L'esourccs and inf0m￿allotI willi pai'eiils wlio wei'e already engaged in ilieir woi'k via s¢hotsls. Tiiey also cirated new Covid-19 focuscd iesources witli illuslTatlOllS reflecliiig what was liappening in real life to help cliildiEn express how tl)cy were feelirtg througli storytelling and pi'ovide emotional support. Wliere familthes liad di￿le￿Ity acLessing resouwes using pi'inters or the intcinct, or did not have at¢￿5 to basic resoLirees sucli as pencils oi" pap¢i'. the Tales Toolkit team suggested ev￿ydaY objects from arolind the homc or to collc¢t in their local area wlien Iliey go on walks. Practitiolleis and parents repoited that Tales Toolkit lias strong outton)es fol. childi'en willi EAL. speecli and language &ssue$ and also reluctallt writers ill particular. PractEtiOt]ers also sliared fccdba¢k that tliey'd fouiid the resourc¢s ii)valuable aiid by the ￿ld of Ilie year, Childre￿ were choosillg their own stories attd vocabulary. The plan is For Tales Toolkit to rillallse tlie new tsminiiig inateitals in 20218nd ¢ontinue mollthly webinars for ￿￿'enTS aiid practitioners and for these to be ie¢orded for future use. b. PAI"ental Engagement Network (PENI PEN uses a sofl toy-niouse lo Iielp cliildren's ti?nsition to Early Yebrs Follndation Stage (EYFS) and tratn pi2etitioneT5 to suppoii lionie leaining ilii'uugili sessions willi parellls i21 educational setlings. Ill these sessions, parents are pl￿Vided with a wide iaiige of resouiLes foi. usitEL? at lj¢)nie. Fuiid%ng from OVO Foundaiion mcant that PLN were already working iji Liverpool in 2019 so pix)viding furtlier filliding lo PEN as pari of Wlien J Grow Up lielped tlieim to extend tlieir work io rtew l'egions. IES and Suiton Tw&t fjrst woi'ked wtdi PEN to ￿fIne their cxisting Theory of Change to fully captui'c the rationale and medianisms of ¢hange in their project. The evaluation w8S illlti4lly going to analyse the data the deliveiy lealli coll¢¢is on cliildren's oiitcoines how¢v¢i', due tv Covid-19. tiiis was I'eplaced with an inteiview with tlie dcliveiy tcain. two ijaienl iJilcrvi¢ws aijd s¢veii iiiteiviews willi sclioul staff. Since the p￿Ide￿iC die PEN team lia5 held onlinc meetings with i)L"a¢titlOllCTS wlici￿ possible bul Lngageinet]i ha5 been vaiied. A¢¢ess to lecl￿o10gY was a bariier foi. matty fAinilie5 50 practitioners took i)ii¢e and L"esoiii'ces to fatnilies, lioimes wliere possible. Despite the cliallenges, many practitioiieis liave still found Miays ￿ incoiporate the iiiouse tnio Itniote leamijig aiid iepoi'led Ilial they used it lo cojuiecl with parents and ¢hilth"eii. Pal￿tS and practitioiiets also repoited tliat tlie nx)use liad been lielpful iii prepaiing cl)ildiTn for tlie transitioli lo scliool And in developijig 'softcr skill8, .sucli as Comniiiiiicalioii. PLN al'e lookjiig lo next delivei. training to practitioners oiiliiie, ciEate videos about Èlle piDjcct ai)d iii)piove t]ie sliaTiiig of good pi'aeticc bctweell i)ractitioners and pare￿Is. Page 12 The OVO Charitable Foundatloll Trustees, Report ¢. Doorstep Library Dooistep l.ibTary seeks to instil a love of readirtg for pleasiiir in the home, help parents feel better equipped io create a positive hoin¢ learning environTnent and signposi oiliei. scrviceb ¢0 tlJem. Parents ai'e encourdged 10 be involved in the reading sessiorts with voliintccis and tv also irad witli iheii" cliildilrt outside of these visits. T]it funding from OVO Foundution saw tlie project focus on undei" 5s and develop new trainitjg far volunteer5. ie evaluatloll team helped Doorstep Library ci'eate a Tlieory of Change model that they can use in tlie furure to monitor al￿ evaluate theii" work. Thcy were 80iiig lo initially survcy parents but due to Covid-19 tliib was L'¢plac¢d with an interview with the delivery team to explore what ¢hat)ges they had inade to theii. activities duTing 2020. Doorstep Libraiy were unable to contiiiue thell. li1-￿rSOn delivery but illsiead offei'ed a niix of 8ervic£s including onlii)e intei'aetÈve story sessions, sending books out to Childre￿ and creating iveekly neivsletteis. Results froi)) an Inipact Report that Dooi's¢ep Libixiy l￿d been workii)g on prioi. to the pandemi¢ sliowed Iliai 70Q/ts of parents Ihougl)t diat Il)e project prepai'es cl)ildren for scliool or i)re-Sthool, and also showed that there wa5 in¢iEased enjoynjenl of exi)loring books and reading in ¢hildiEn. Dooi'step Library were also voA(itJg on an updated website in 2020 and exploriiig ways of providing illCTeased JT Support lo families io lielp tliein aceess services remotely. d. IES and Tl)e Suiton Trust In the report oboul the three pi"ojects lo be publislied in early 2021, IES and Suttoii T¥ust al80 make a number of rccomnieE]dations *round new way5 of leaming diiring disiuptive periods.. E$tablishin8 parttlerships with Local Authoritie& teaching alli2nces or academy chains to enable die projects lo exiend theii. woi'k to a I￿"ge1. number of £￿ill¢S Asking the goveJnmenl to help tliose withoul lllternet access, treating it as a basic iieed in th¢se tim£ Workiiig with local businesses to offer disadvantaged families 51LnpSc resollrces like paper, pens, aiid pciicils to support chiithtn's lea¥iiing at honie Page 13 The OVO ChAritable Foundation Trustees, Report (41 Empowerlng youiig people to take tlimate actlon through Climate Changeys Oveiview and ob'eetive5 In 2020, in the first major round of Fujding ali8ned to our revised stswtegy, we 12unched our new prograjnme Cliniat¢ Changers. We know that not all childrcn and yourtg people are taii8ht how ￿niP071anE tackliiig the ¢limate crisis js - or even ￿Ven the skills to lielp. It's our mission to help children iinderstand wliy diey should cal'e about die enviroElli)eiit, and show Ihein how they can pi'otcct it foj. y¢ai3 to coiiie. Climate ChaTigers will provide £lm of funding ovei. die nexl t1￿ce yvars to supy)rl pi'ojeets ihat give children and young people in Ilie UK Élle kEJoivledge and skilLs to take action on the eliJi)ate ¢Jjsi5. 50 they can help build mol'e sustainable con)munities. The objectives ofciiniate Cljwigeys is to.. Educate children and youtlg i)eople about tile ¢liiMate ci'isis Einw)wer children and young people to lake action, ijicludtng providing tlieni with tlie skill$ to help tackie eiivironinental issues Increase I￿esS of ￿een at)d sustsinable spaces ta ensure all ¢hildrell have access tg naluFe Cliniale Chan in 2020 a. Application process to fjnd new partneis In Marcb 2020, we launched our ttew £lm programme area And piit out a call for Edeas and proposals. We received So appli¢aiions, wliicli we reviewed and considered lli liJ]c with oui. origii)al bricf. Tlie sccotjd plia5e of tlie applicaiioii process involved lelephoiie MiteAviews. We had sjioi'ilisted 14 01-ganisatioi)s and anBiiged calls to undeistand ihoir about pi'ojecl deliveiy, as well as tlie.expected environmtllial and educational inii)&cL%. Following tliat stage, we invited seveii OTganisaliot)s lo pi'esent lo us. Tliis piEsentation alloived us to really undeistand Lllot'e about the organisalioll, tlie i)rojc¢t and tlie extent to wbich il 8ligoed with our objectives and values. In May 2020, we were dtli8hted to approve fullding foi. tliree oi'ganisationi and over a il)ree-year period, Ci'eate 12 Tlny fiorests iii depi'ii'ed Areas of tlie UK. We'i'e working widi Eaitliwatcli EuroLe to plant tentjis coujt-sized uibaii forests formcd of 600 ir¢es each wliicli will absoi'b up to 7,200 loniies of t4rbon ettcli yeai.. Tlie Tiny FoTesls absoi'b carboij, iinprove local air qualily, and provide an urban aasis for biodiversity. A key pait of Ilie progi?mJne is to woi'k wilh local scliools in disadvantaged areas and i)rovide oiiidoor classrooms for cliildrcn and young pcople who Inay not otlieiwis¢ liave 8¢cess to natLire. • Avold 6.000 toniies of C02 einissloiis fi'om scliools. With Eiier S ai'ks. OVO Fouiidation is working wilh s¢l)ool¢hildi'cJi from 350 scl)ools a¢i"oss tlie couiitl'y to help Ihcn) becoiiic J)ioiE enu'gy effici¢Jil. Ei)eiEY Sparks has developed ali ojiliiie, school-specific cncrgy analysis tool aiid cducatioii pi'ograiniiic whicl) tail re(luce scliools, eai'boij ejiiissions aiid bills. Together, we'll not only Iielp those scjiools reduce their enviroLunet]tal jiiipact, bul Iliey'll also save £1.9111 LJI enei'gy costs. Page 14 The OVO Charitable Foundation Trustees, Report Engage 116,000 children And young people In ellm*¢e change and sustalnabillty Is5ue$. We're also working wsth Action for Conservation to inspiiE th¥ nexi generation of naluil cortservatiojiists. Action for Conseiwation inspire5 and empoweiB young people to beLome the nexl ge11￿￿1ion of eJiviTunmental leaders. The Foundaiion is supporiin8 theiT WildED PIDur￿llie, wliiLh consists of a series of tailored worksliops 8iid sludent-ltd a¢iiviiies foi students it] Key Stages 3, 4 and 5 tliat teke place dyring one school tcm. This expedition. into th¢ world of conSe￿ation gives students the skills and knowledg¢ to lead their Owll etlvironmental action project5 that will have a positive impact on their local ￿ra. rmat]ce in 2020 OUL. Cliina¢e Cljangers pro8raiiime was ¢onsiderably affected by tlie iinpact of coronavsTUS and lo¢kdowns. Witli oui tlii'ee year pix)gi'ainmc launcliing iii autumn 2020, ollr partners were faced with tlic challenges of moving in and out of lockdowns, i'eslriclions on cngaging wiÈli schools, and the diffeiEni situations across UK iialions. Despite tl)is Ihcy were able 10 continually adapt and ￿￿k¢ good progres5 it] die delivery of llie fjrst activities. a. Action for Conservalion As bchools wei'e not allowing pti'son visitors during the auwmn and winter tentjs. A¢iion for Conservation designed a custoin pro81?Inine named 'wIldF￿ ¢limat¢ series, Ivhich can be d¢lsvered live to students via video software, OL. via a pre-IE¢ordcd session. The online version was de5igined to be similai. to tlie WildEd in peison 'amnie, with schools able to joill one, two or three ivorkshops supporling childi'en attd young people to lakc aciion. Teacliei3 were able ¢0 suppoi'l sludellls to cany out a¢tions in sinall gi'oups, pairs, or ijidividually. Studenls wei'e able to access the ft'on) theii. laptops ai home as well as iii classi'ooii)s, which suppoited tl)ose who weAe learnin8 fix>in hon)e and at tinies schools were closed. The r¢vis¢d pro￿at￿me received positive feedbaek particularly on the flexibility ol delivery. 551 studaits took parl in Ihe programtne acioss 9 s¢liools and Aclioll for Conservation began recLIiLtinent for ilie spi'ing 2021 terni. liopittg to retuin to it] person delivery wliere possible bul maintdin ilie flexibility around soi*e digital delivery. particularly as it ettables Ilie oi%anisalion to work willi sdiools iji t)ew aTeas. Page IS The OVO Charitable Foundation Trustees, Repoi't b. Energy Sparks Regtonal and natio1￿1 restrictions Teslllted in limittd pupil engagement with ÈneiEy Spai'ks duritig the period of schoul closures and albo niealli tile team were able to Inake only a few in-i)erson 5cliool visits. Sclinol 5tsft' have been vciy occupied witli managing I'emote learning dnd when in-person, extracU￿lcu1ar clubs such a5 eco-teaiiis wcie iEsti'ictcd to reduce mixing b¢lween classes and year groups. Eneigy Sparks iespollded io these challcnges witli online tiaining w¢binar5 to school artd local aiithoi'ity stsff, and STEM Ambassador and university volunieers. They have obtaincd feedba¢k usin8 POSt-tl2initig surveys and adapted the ttaillillg Off￿.1￿g to t8ke account of feedba¢k iEceived. Though progjrss ha5 been delayed due ￿ Covid related issues taking priority. Energy Spai'ks have confimied, or aiE in initial discussions wjlh, 5eyei.al new local authoi'ities regarding pi"oviding Energy Spark5 to dieir schools. Individual schools have also continued 10 be recLwiled duritjg 2020, Iliough Covid distractions have limited progress. Energy Sparks lioi)e to increase interaeliort witl) scliools in 2021 via vii'tual enei'gy audits wl)ich use E￿￿'SY Sparks. analysis and inf0m￿tIOn obtained thiough a video call will) scljool I￿ailagen]ejIt wliich will supyorl Ilieitt to save energy. widi a particular focus ot] reducing out of Iiours energy use. They will also produce video tutorials on dIff￿en1 aspect5 of their Energy Spari(s online platform for diff¢ret)t usci. types (cg. lea¢lier5, school I￿anage1￿ent, head teachers, ¢aieÉakets), wlii¢li will be available on tlieir website to encoura8e engagcmeni with scliool users who don't attend Ilie webinar Il'aining sessions or receive an in-peison visit. Earthwatcli Europe Eaiihwatch confjirned six locations with landowiers for the 2020 tree planting scason, which Tuns from Novcmber to Marcli each yeai.. These locations wei'e Oxfoi'd. Bristol, Binningham, L¢i¢esteT, Glasgow and Wolvei'liamptott. Laril)watth 4150 began oiits'ea¢l) to local scliools to engage widi the pi'ojeet and cirate lewniiig resouiles, in¢luding Key Stagc 1, 2 & 3 TiEiy foirst teacliers gutde packs, les&on swnmaries and S￿deAL activity guides. Unfoitut]atcly the Tiiiy Foirst planliiig wliicji was planti¢d fol. N0veJnb￿. and December 2020 had to be postpot)ed to early 2021 due to coiY)navirus social distanciiig reslriclions. lil Ihe me8ntin?e, local cojiunujiity volunteeLS, who ivill help to look afteA' and n)aintain the forests as Tiny Foi'est keeper teanis, also started to be r￿1VIted i)y EaJ't]iwalch. Page 16 The OVO Charitable Foundation Trustees, Report (S) Supportlllg local orgalllsatlons through OVO Give5 Back verview and ob ttiive& OVO Gives Back is our way of lJelping create sustainable communities ill the plaLe8 we live and work. Eacl) year, we ¢reaic new partnerships to lielp support a number uf ch81iiable c8use&. providing volujileei'illg Iiour5 and giimts. The objectives of th¢ prograjnme are to.. . Connect our people 10 local chaiities and causes that ine8n the m05t to Ihthn Empowei. OVO people to feel connected to each other and their local co1)￿V￿ltieS by cornsng togtther to ereate positive cl)ange Support local ¢lJariiies and causes that are Iielping to create sustainable ¢on)iiiunities Eji tlie areas we live and work OVO Gives Back aclivi in 2020 In 2020, we adapted OVO Gives Back. increasing funding in response to ¢lie coronaviivs pandeniic and choosing organisation5 wl)o wei'e qupporting those Inost iii)pacled. In keeping will) &llpporlitl8 cliarities close to OIIT Tnain offices. we expallded OVO Gives Back lo Selkirk alld Du51feriyJline in Scolland for tlic first time, 85 well as continuing io work in London and BTislol. We donated £120,000 to a selection of eliarities working aLross issues such as food poveity, homele￿neSS and isolation. Beain {LoDdonl: will i'etool lis ieclinology al￿ operations io crowdfund critically needed suppwt for vuliierable, isolated yollng people. Cariiig ill Brlsrol: provide food alld essential itejns to the homeless Co￿ll￿nitY iii Bristol. whilst U$ii)8 remaining funding to redevelop thell. youth hoi)ielessness $￿Vice. . Durtfermllne Food Bank: the grant will suppoj't local, vulnerable groups with food and vital supplie5. Gi'eenspace SLOtlxnd: pilot a new youth projeel tlial focuses on local actions to acliieve nei zei'o largets. Rowl2iid5 {Selkirkl- the graiil will lielp pioduce'Radio Rowlat]d' to keep youllg people Connected. Squar¢ Food Foundation (Bi'istol).. a weekend Cooking club will be provided foi. local faillilics at risk of goiiig liungry. The M#tthew Tree Project IBrlstol>: Ihe granl will be used to ijistall a kitchet) on ilieiy piEmise5 to turn suipIu4 peiishable food into nutriliou5 ineals for the cojnniunity. Tlie reslrietiojis of tlie pandemi¢ put on hold our usual volunreering suppoi"i througl) OVO Gives Back. We supported oui. people lo volunieeT for emergeticy scrvices and tlie NHS during Ihe pandemic. Our rapidly developcd CoTonavirus Voluntccring PoliLy enabled non-flli'loughed OVO people lo volunieer willi supporl of matclicd Icave froni OVO. Botli furloughed aiid nun-fui'loiiglied eniployees wcie able to 1￿c our volunietyirtg poiial lo id¢ntily opportunities lo suppo11 essential commui)ily sawices local to tliem. Pagt 17 The OVO Charitable fi oundation Trustees, Report Achievement f om our 201912020 at Between April 2019 ajid March 2020, 90 OVO volunteers worked with our OVO Gives Ba¢k charity pailntrs. Each of the organisation5 provided lis willi an ei]d-of-year report and explaincd how OVO b'oundalion's support incliiding a £20,000 grant eacli liad made a positive impact. The iJi)pact of tlie coix>navirus i)andemic in SPEing 2020 did11ave an impact on thc later i)liases on soine of the planned activity and informed the selection of ow. partners for the 202012021 yeai. a5 OUtIiDed eaTlieT ill tiiis reporl. Britisli Lung fioundAIIoll British Luiig Foundation used the OVO Fourldation grant to distribute more than 150 air pollutiort iknonitoiing tubes to Jneinbeis of Ilie Clean AIL" Parent's NetWOL'k {CAPN) in Lo)￿On, G￿¢￿ter Manchestei., Liverpool end Birniinglian) tlu'oughout September aiid Ociober 2019. They produced an air polllltion inonitorillg pack to ac¢onipany the wbes to explain why this project is ijnporlant atld pl￿VIde direciJot)s for usillg the tube. Participanrs ieiuimed tl)e moni(oi'ing wbes to the BLF after 6 weeks of exposure, with tlie dats being JElui"ned lo tlie CAPN menibers witli advice aThd 5UPPOJ't on how to USC it to influence tiieir local policytJiaker5 aiid tlie press to call foj. policy cl)￿lEe. Aii'polliilioii is a iiatiopial ljealilj cpisis. aypeclftllyf￿i- ¢liildiEii wliose luiig& (ÉAV nioiE vulKei'L7ble ojid ¢lie 12 niillioii peoplE iiaiioiiwide living iviilj a iesi)IPl>loiy condilioii. HoiiJ*VÉP', owapeness 8iid 06lioii Io iEdiÈce pojliiiioii le1￿13 lei)I￿lF￿ W017yingly loiv. Biii iliaiiks lo the OVO FoiiFJdfjÉioiJ s gEiiei'osiiy, we njy Ivoi'kiiig i hoJJge iljis so ihtti orye duy, everyoiie ivill breailje cle(ops oil. willi liealiljy Iiiitgs. Oiii. al-lioniepolliiiioii RJioFiiloi¥ cupliiie ¢7iR' ui'oiiiid hoijies. tr¢lioo/y, pldygioiÈJids, liospilals, uiid orliei. pluce.f wliepe cliildRElJ oi. people wi/lJ v£tlFIÉT'tshle liiiigs iiiayfi'e¢JiieiiÉ. TIJE c/ulufi'oiiJ ihese iiiuiiilois WEII coiiii'ibiiie to locolafrid Jioisoiial lobhyiijg eifni'i.s io iiige decisioii-IkJdkÉis In lake aclioit agdiiisl Iiii'polliilioii. We k￿0W ijilli cliildieii dpeporticiiltti'ly oi I'iJkfi'oFiJ polliiiioii, iiiiih l ipi JI liviiig iviih ustliiiia. opjd iMoiiJ> ipioie coiil¢l develop lung Fl'oblepiis ilk ihe fuluie fi'oi?I bpeuiliifrig dii'ty uii.. We lid¥e uii ￿c¢Pl10￿￿/ wiRJdoiv oj. oppoi'liipiilj, Iviilj ihss pi'ojeLI. A n¥w iialioiial govei'FipJieiil iji 2020, loLul goiEI?Jiiiepsls iii BiFiiiiiigliaiii, Livgijiool. aiid hlaJiclJe&'i*P'faciiig a iiicijiopiil elécEioFi in ihe itali nvo Jietsis iiieaiis ilial MJÉ C￿11 use this daiafivi oiii. Cleaii Aii'fop. Cliildieniiiojecl lo JJiuA-g u lusliiig diJleieiiLefoi'gepiei'(Tlioiis io copiie. Clean Up Bristul Harboui. Cleaii Up Bi'istol Harbour used their grant to rlln litter picking events in and ai'ound the wat￿7vaYS ol Bristol whilsl also woikiiig lo cirate at) educaison prograinijie ai'ound fightijig wa81e io delivei. to local scl)ool cl)ildien. Tlie delivery of tliis PiX>BraitiJi)q Iiowever, was delayed due to Covid-19 so ilie ￿?￿1 has been exlelldcd to 2022. 'YoliÈJiigéi'iiig willi Cleurt Up Biyslol Ilaj'boui. wos oiie ol'ilie ieal ljigliligljis oliliéyeai-. Mle look buuls oiil iii Ilie 1ittF'l￿l1I', pickiiig lip Filhbish upjd cleai'iijg tlie banks. kniiei. pickéis iiels {uJid u piciiiL liiNILlI) Ivere (oll pJ'ovidi.d. All ilje iio111fv11ÉÉ1s ivele so eièiltii.*to.*ii¢. Ive ljada giEtsi iEiiie UFid il Ivus so i'É4vttJdiiig uiid eFijoyttblÉ io gel oiit oil ille wraiei. alkd inak¢ u iiisible dJiJeieFice lo iij3p1.oi￿ ihe city ipi af￿￿Sli01.l liosipx. Page 18 The OVO Charitable Foulldation Trustees, Report . Off the Record Off the Record established a Peer Navigaior volunteer prO￿aMme) giving y(>ung people a central Ltsle in pix>vidiiig menial liealili SUPPOTt to tlieii. peels. Thcy Tecruiied 44 Peer Navigatoi's. and 10 Peer Mentors to help Inanage ilie wailing alea al tlieir main premises atid i'un weekly 'Hubs', delivcrin8 three fac¢ to face se&sions ¢a¢h wtck prior to lockdown. The volttntcers eomplctcd an intensive Induction and training prow'aTnme featiiiihg a LWQ-day boot camp. three days of vai'ious trainin8 sessions (e.g. Cognitive Beliaviuutal Therapy and Buildillg Resilience) and supcrvision se&sion5. During their six-montb placement Peer Navigators have acted as young people's fjrsl point of coiitact with OTR.. They bave been helping young people lo dÈscoYer what is on offei., leaiTJ about meiiial health and support them lo tjjake info1￿1¢d Choiccs abolit the support they would like. They liave also run 22 pop ui) hubs and 7 school assetiiblies locally, and since the inipa¢t of the pandemic have iEa¢ied quickly to deliva. two online bubs per week. "A likige i1iopRk Jiou lo OVO Giiw B￿Ck1 Yoiip. s￿ppoi.1I0i. oiij-yoiiiig vuliiiileeis lias iiieaijl eupi ijitske ilieii- iole Leiilial io MiJioÉ we do. Oiii. Peei. NoviguEOiJ iiow ocl fts i?10slJJouiig ilEople s Jiisl poi?iÉ of COFltaci IieFe O]]'Ihe RÉcoi'd- ljelpiitg i/JeiiJ Jee ivhal iije offei., letsi'pi uboiil iiieiilal Ilertlih, aTid iik(Jke Fii]oi i?Jed choiees abo￿1 IlJ£ siippoi'l iliey d like. Youi. gi'lliil alloFiJed oiii. Peej. Navigaloi's to develop lois of ¢FiiiÈal sh'lls. aiid allowed Ilie wuiigpeople togei oiiality iiiepilftl li£lllilt siippoi'i. We coiildij'l lia1￿ doiie Ihis iviihoiilyou. Square Food Found&tio Squai'c Food Fuundation delivered lialf day workshops ftyr local cliildi'en who iely on fl.ee schoDI ineals and theii. parenls dul'ing lialf teini l)olidays, as well as aftei. school cookcry sessions. They also PUTcI)ased various itetns of kitchen equipment {including pans, scales and cake tins) that hawe allow¢d tliem to eontinue delivering lJigli-qU81ity Cookery cducation to adults and ¢hilth'en. OVO volunteers supported SqL581e Food Foundaiiod on several occasions by hclping to prepare meals for local families. Givell the iising hoiisehold food insecurity due to Covid-19, we provided ali additional OVO Gives Back gKai)t to Square Food Foundation in April 2020. . Aetlon foy Con8ervatlo Over the gi?iit yei'iod Afc eii8aged 670 young peopl¢ thix>llgh the WildED prO￿.an)rne, in8PiI'itJg, educating and supporliiig youiig people in taking actjoll tlirough pra¢tical tasks that give them ¢onfideii¢e ai)d a sense ol su¢eess. 51 woi'ksliops were deltvcred sn 20 secondaiy s¢liiK)Is across Londoll and Bi'istol iviili an average pupil premium rate of 410/0. 46 student-led gi'oup ¢ainpaigns were successfvlly deliveied, witli 42 Showing evidence tliat srudenis had gained knowledge of eiJviroEiinenlal is5ue5 And Ilie soluliot)s foi. lackling Uiein, 41 deinonsiraling skills altainnient, aiid 15 sliowiiigj evidence of iiieasurable cliange foi. people ot. wildlife. 87Yo of Pdrlicipanls who have Loini?leted WildLD identified increase4 in tlieir envil￿nin¢ntel understaiiding, 2warct]CSS and inolivatioti to lake aetion for the environjnent, at)d 93)/o woiild Yeconjmend thc experience to a (riend. 'The .giippoi't ive ieceived fjtiiki tlie OVO Foiiiidaiioii lia.$ eiiabled lo peach y0iiFig peuple liviiig iii di.sailiilliJiuged iii-baji CUNJiFJitsRiiiies oijd 8ii)e iliL'iii ihe .¥kllls pluii aijd dEliiJei- piojeci& io lilipi￿l￿e iheii- coiiIFJiuikiiics diid stippoi'l ivildlifÉ oil ilieij. doJJsieps. Tlii oiigli iIJéiF' gi'uitl, Ilie foititdaiinij lio.% iiiv¢.%i¢d iii ilte iiexl &FeFiei'aiioii nfeiJiijioiJiiJeJilalisls aijd uiiiplified ilieynuili VOiCEfni-naliiie. Page 19 The OVO Charltsble Foundation Trustees, Report (S) Other updates e of tsustees Ill 2020 we were deliglited to welcome two new board members - Pliil KeiTy, CEO of New Horizon Youth Ccntrc {appointed 24tli April 20201, dnd Rall)an Bhatia, Cljief Operating Officei. at OVO (appointe(129th May 2020). Phil Kelly is the Cliief Executivc of New Horizon Youth Centt'e, a day ceiitiE workiiig with youiig people wlio ale vuliierable, hoineless oi. at risk. He ha5 a wealth of experience supporting youag people tkn'ough education sncludittg five year5 a5 Dii'ectoi. of Prograiillnes and Partnerships at Londoii Youth, the ineinbership body for London's youth 0È'8anisations. Raman Bharia is Ilie Chief Operatiiig OtTJcer for OVO Ertergy. Raman previously worked for HSBC as tlie Head of Digilal Banking and Wealtli Managem¢ni, VP at HouseTrip and Dite¢lor of Strategy at Expedia. Rdnian bring5 a wealth of expeiience of fJnan¢ial aiid business Inanagein¢ni to tli¢ board. In 2020, Steplicn Fitzpatrick and Matihew Owen. both founding inembeib. stepped down froin ihe boaTd. We thank tliem for tlleir valuable eotjiributions over the pasi five years. Ini rovill our ijn ¢1 Inantt CTnent In 2020, we woi'ked witli an external agency to revi¢w oui. wised impact frameworks and support us in ststngihening our overall in)pa¢l nTranagenient pi'ocesses. Tlie goal of diis p2'0ject was to help the Follndation better n)onitor liow projects are delivei'in8 against lh¢ expected ou1coll￿ 2nd ensur¢ our KPlb are irlevant to the Fouttdatloll's iiew vision, as well a5 Plan Zero. The oulputs of this work were updated Theories of Change for the Fouthdation and each of ils pi'ogran?n)es, updaled t)ionilorillg and evalllaiion fi'afftewoi'ks ￿ld llpdated KPIS for repoTting back 10 the trustees, ivell as indi¢atois to feed iiilo the bu5iJ]e5S'5 reporting on its Plat) Zei"0 goals. These ouiputs will help to betier track progress, capture learning5, and uiidej'stand the iii)pact ofouT prograinnies. Stren in our overnance fratn ork The Foundation's &iu&l in diis ai'ea i& lo enswE tl)at we aty an effceiivc and responsible gL*nth]ake¥ by118ving a strong govcjnanee fi?In¢work and t]Jal we al'e undeilaking pj'oper due diligenLe on oui. parlncrs. To acliieve tliis, in 2020 w¢ iindertook aiy inleinal audit of tlie Foundation aL>ainsi the Cl)ai'ily Goverllanee Co(ltt lor bmallci. chai'ities. This involved ranking OUT peiforinaiice a8aitJsl eacli area of tlie Code f￿￿new￿rk and ￿king steps lo addi.ebb uny gaps. As a I'esuli we enhanced our due diligence processes, and Teviewed and developed new policies and pJDcedui'¢s in the fvllowillg ar¢a8'. Safeguwdiiig Healdi alld Safety . Risk Managcjnciit . TThslee Expeiises Enviioniiienial and Social Responsibility 4 Data Prolection atjd GDPR 4 Contlicl of lo*re5t • Rcseives Wlisstlcbloiving Trustee Tcrni% of RefeiEn¢c Delegatioii of authority Page 20 The OVO Charitable Foundatio Ti'ustee$' Repoi't OVO Founditlon's plans foi. 2021 In 2021, we will conlillue to implenienl and ¢oinmunicale oui. new slralegy and will iVOTk to ensuie OLir exxsting progrdinmes align wit]i tlie new vision and ovei'ar¢liing guals. Tljeie is a gi'eal deal of opportunity to ieposiiion some of oui. prthjects to erts￿re sustainability is a key component, and wc know our existing partncTS will be up for the cliallenge. In addition to embedding sustainabilsty into our prograi)m)es and projects, we will focus on the followirtg.. 11) OVO Glves BAck developjnent To support Uie goals of Plan Zero and recognise the incx'eased nation81 footpi'int of OVO as a business, we illtend to WOL"k with a national charity partner on E)ature based volunteering projects 2021. As well as contributing futiding, we will encourage teains to si)end thc day tOEethei' volunteering to Iielp the planel and impi'ove tlieii. lo￿1 coJnn)unilics. and give each team an annual allo¢ation of paid leave ￿ do tliis. Itidividll21s will a150 be able 10 volunreeJ' for d)ariLies of tkneir choice wiii) OVO inalcl)ing tiieii. tiine to double Ilie impact. {2) Going further to measui'e impa¢t One of tlie goals of Project Jua is to help avoid carbon emissions by harnessing solai. energy. We will work witli Tlie Carbon TTUSI, expert9 in rliis field, to select the besl metliodolugy for measuring red￿Ced alldlor avoided carbon emissions in Kcnya. U5iiig tlie best Inetliodulogy will enable us to detel'inine an 3CfUtate figure for our iinpact on ¢2rbon emission5, with the Calculatioiis also potenlÈally ljelping to inforni othei. piDJc¢ts i￿n by the Foundation. In 2021, buildin4T On OiiL' Ivoi* to improve overall impact nianagenient. we will woi'k with an exterllal expert pia¢titioner to assess tbe Social Rettm on Investmeiit of eacli of OVO Fouiidution's progranunes. The SROI metric gives a inonetsry value of social value gei)ei?led for each pound invested. We w511 piDduce an SROI report ivliich will be exwThilly asswEd by Social Value UK, the leadijig organisation iji the SROL si)ace. and u%e this as part of a set of iiii17act eviden¢e to nieasui'e the effeetivenes5 of our prog1￿mmeS, and help trnstees plan foi. future cycles of futiding. {J) External govei'rtanee revlew In w'ly 2021 we will woi'k will) an exterrt31 gov￿llanCe expert lo i'eview Ilie iiew piDcedures, proccsses and policies iliJ¢ we I￿ve put in place Ihi'ougli our iniemal goirel￿a11ce review to ensure we have a sti'ong and cojllplele goveniartre frainework. Pagt21 The OVO Charitable Foundatlon I'rustees, Report Flrtincial review (1) 2020 fin¥nc581 reTAew The ￿tal in¢ome for OVO Foulldation at (he cnd of 2020 Wds £I,114,70912019.. £1,010,540). Of this, £.176.963 {2019- £432,320) came fiDm OVO Eneigy cu51omer (h)nations. OVO Enei'¥y donated thc sanie amount lo OVO FoiindalioD as pat1 of lis ¢oinmitment to Inaicli all cuslomei. donations. OVU Cnei'gy donations u¢coiint for tlie Irst of OVO FoundHIion't* 202() tn¢ume. OVO Energy has coR)ntitied to tnsuring ¢lia¢ OVO FoundAtion has ot] income of at least £1 11)illioii. For the year endcd 2020, OVO Energy donalcd a one-off payment of £25.000 i addition to the matchin8 Dnd 'iop-up' payment amounts. The rest of th¢ incm￿e in th¢ year ¢onsists of £86260 donation from LandAid Charitable Trust and £2,273 ofbank interest. The Fouttdauon's exp¢ndiwr¢ for the year Was £1.014,962 (2019.. £2.049.172). Please see note 5 of the fjnancial statements for a full breakdown. (2) Iyumber and value ofcustom¢i' doD*tlons OVO Energy gives all cus1ome￿ ort a pay nx>nthly IPAYM) tariff ihe opportunily to donate to OVO Found￿10￿. Th¢ amounl ihai Ihe custon]er ch005es lo donaic is nulch¢d by OVO Energy- doubling Cusiomers. donation pO￿tr- ond is added to their I￿￿￿th]Y s¢atun¢nl. At the end of 2020. 49,776 ¢USloJbers"dorhated lo OVO Foundation. Teprescn15ng 9.8Yo of custonicrs eligible to donate. This repre5cnts a subsian¢ial decTease fnjn) thc pirvious year whcTe 63.887 ¢ustomeis doiiated eaeh month. representing 11.50/17 (Trf PAYM cu5tomets. I'his dccj'case is likely lo bc atli'ibuled to a legacy issuc oftbe donation option being i'emoved froni parts of the eiisloinei. jouimey, and lfick of prioi'ilisation due to die iEllpacl of ¢0101￿V￿￿$ ￿)d lli¢ L7usin¢ss going thiDugli a sigiiificant acquisilion pi'occss. Tl)¢ valu¢ of ¢usiom¢r donatioiis however continued io increase from an average anÉ)ual donaiion of £5.85 ai the end of 2019 10 £7.03 al the end of 2020. As all overheads are covered by OVO Energy, 10(f/• of donations go to OVO Foundation's projects &Dd panners. In addition, OVO Energy has wnimiited to ensuring OVO FouDda¢ion has on income of £1 m each year so will 'w-up' any variance resuliing fioTn a decrease in customer donations. (3) Policy on reserves OVO Foundation's policy on reserves, put Ln place in 2015, rematned the same in 2020. This ￿l1¢Y maintains thil.. "The rc¥eivex xhoiildprovide rhe t1￿17￿ Miiih odÉqiialefiiioncit71 stability ttifvlihe iiieaiisfor ihe chttrity io wieei lix choriiable objeciivufor i1￿￿Ores¢£0b1efVi￿1*. The Ini.Fiee.T iiijll iijaiijfuiii ilie rhai ilJp.i iEsei've.s ul u le1￿/ ilial 1.1 egul1￿Ie•lÉ to ai l¢Ly.%f.¥ix IllnFIilI's opei'ali¢?iJul lid pJvgFaiiiiiiaiiC obligul¢¢l e.Ipeiidiiiiie. Tlie leijel of i'eJei'ves lias beeftj Jei ui iAis aijjoiiiii iji lighi of ili¢ chaiiiy's iiJoiJJJei' ofoi)ei'utioiJ.v oijd ilje kiiowiJfuiiÈfr'é iiirtin8 st￿dard applicable in the UK And Republic of Ireland,. and applicable law. Under company l&w ihe In￿leeS mW8t not approve the fJnanci81 ￿81cMents unless they are sa(isfied that they give a true and fair vicw of the sthie of the affairs of Ilie cliarithble company and Ihe group and of the incomhng resourcGs and application of resources, including the income oiid ￿penditur￿ of the charitable eompany for thai period. ITh preparin8 these finan¢ial ststanents, the In￿1¢¢3 are rcquiied io.. select suitable accounting policies ond apply them consi$tcntly- observe the meth(¥Js and prineiple5 in die Staten)enl of RecOn￿￿ended Piadkce.. Accounting and Reporting by Charitie5 {cffeetive l Jaiiuary 20191: i)Mke judgeinents And estiinaies Ihal are reasonable and prudent. stale whetlicr applicable United Kiii¥doin Ac¢ounting Standards, compTisin8 FRS 102, have bcen followed. subject to any maroial departures disclosed and explained in t]1¢ fjnancial stalemcnls. and prepare the finartcial sta(eii)enis on the going con¢em basis unless it is inAppropriaie to presuine that the cliarilable coinpaiiy will eujitinue in business. Thc tiwstCe5 aTC respoiisible foi. keeping adcqualc aecounling re¢oTds thal are Sufficient to show and cxplain ih¢ chai'itable coinpany's Iransaclioiis a¥id di￿li)sC wilh rctlbonJblc accuracy ai any time ¢lie financial position of thc ¢hai'itable coinpally and cndblc Iliem to cnsiiTC Iliat the financi4LI statements comply with the Companies Act 2006. Tli¢y are alsu responsible for s&f¢giiaixling thc A¥sets of the charitable cornpany and lience for tsking sonable steps foi. tlie prevention and deteciion of fraud and other irregularities. 'rhe tsustees are rcsponsible for the maintcnancc and ii)iegrily of Ihc charitable company'5 web51tc. Legislation in the United Kingdom governin8 the pr¢p8ration and di&4emination of fhnallcial state]neDts may diffcr fro legislation in other jurisdictions. Approved by iht tntstrcs ofthr charbty on 24 Sepiember 20218nd signed on its b¢half by." (iina Ciceron¢ T￿￿tee PaBe 24 ## **The OVO Charitable Foundation** ## **Independent Auditors' Report to the Members of The OVO Charitable Foundation** ## **Report on the audit of the financial statements** ## **Opinion** In our opinion, The Ovo Charitable Foundation's financial statements ("the financialstatements"): - give a true and fair view of the state of the charitable company's affairs as at 31 December 2020 and of its incoming resources and application of resources, including its income and expenditure, and cash flows, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 102 "The Financial Reporting Standard applicable in the UK and Republic oflreland", and applicable law); and - have been prepared in accordance with the requirements of the Companies Act 2006. We have audited the financial statements, included within the Annual Report and Financial Statements (the "Annual Report"), which comprise: the balance sheet as at 31 December 2020; the statement of financial activities (incorporating an income and expenditure statement), and the cash flow statement for the year then ended; and the notes to the financial statements, which include a description of significant accounting policies. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) ("ISAs (UK)") and applicable law. Our responsibilities under ISAs (UK) are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## _Independence_ We remained independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, which includes the FRC's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. ## **Conclusions relating to going concern** Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from the date on which the financial statements are authorised for issue. In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. However, because not all future events or conditions can be predicted, this conclusion is not a guarantee as to the charitable company’s ability to continue as a going concern. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Reporting on other information** The other information comprises all of the information in the Annual Report other than the financial statements and our auditors’ report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, accordingly, we do not express an audit opinion or, except to the extent otherwise explicitly stated in this report, any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify an apparent material inconsistency or material misstatement, we are required to perform procedures to conclude whether there is a material misstatement of the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report based on these responsibilities. Page 25 ## **The OVO Charitable Foundation** ## **Independent Auditors' Report to the Members of The OVO Charitable Foundation** ## **Reporting on other information (continued)** Based on our work undertaken in the course of the audit, the Companies Act 2006 requires us also to report certain opinions and matters as described below. ## _Trustees' Report_ In our opinion, based on the work undertaken in the course of the audit, the information given in the Trustees' Report, for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Trustees' Report has been prepared in accordance with applicable legal requirements. In addition, in light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we are required to report if we have identified any material misstatements in the Trustees' Report. We have nothing to report in this respect. ## **Responsibilities for the financial statements and the audit** ## _Responsibilities of the trustees for thefina11cial statements_ As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the applicable framework and for being satisfied that they give a true and fair view. The trustees are also responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. ## _Auditors' responsibilities for the audit of the.financial statements_ Our objectives are to obtain reasonable assurance about wl:iether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and. to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will ,always detect a material misstatement when it exists. Misstatements can arise f[r] om fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. - Irregularities, including fraud, are instances of non compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. - Based on our understanding of the charitable company, we identified that the principal risks of non compliance - with laws and regulations related to UK tax legislation, and we considered the extent to which non compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006 and the Charities Act 2011 and Regulation 8 of The Charities (Accounts and Reports) Regulations 2008. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to fraudulent transactions designed to overstate the financial performance and position of the charity. Audit procedures performed included: - Reviewing Board minutes and holding discussions with management, including consideration of known or - - suspected instances of non compliance with laws and regulations and fraud; - Using computer based audit techniques to identify and test higher risk manual journals, in particular those having unusual account combinations; - Challenging the assumptions used by the charity when considering its ability to continue as a going concern; and - Obtaining third party confirmations of the charity’s banking and financing arrangements. Page 26 ## **The OVO Ch�ritable Foundation** ## **Independent Auditors' Report to the Members of The OVO Charitable Foundation** There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations or through collusion. A further description of our responsibilities for the audit of the financial statements is located on the FRC’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors’ report. ## _Use of this report_ This report, including the opinions, has been prepared for .and only for the charity's members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and for no other purpose. We do not, in giving these opinions, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing. ## **Other required reporting** ## **Companies Act 2006 exception reporting** Under the Companies Act 2006 we are required to report to you if, in our opinion: - we have not received all the information and explanations we require for our audit; or - adequate accounting records have not been kept by the parent charitable company or returns adequate for our audit have not been received from branches not visited by us; or - certain disclosures of trustees' remuneration specified by law are not made; or - the parent charitable company financial statements are not in agreement with the accounting records and returns. We have no. exceptions to report arising from this responsibility. ## **Entitlement to exemptions** Under the Companies Act 2006 we are required to report to you if, in our opinion, the Trustees were notentitled to: prepare financial statements in accordance with the small companies' regime; and take advantage of the small companies' exemption from preparing a Strategic Report. We have no exceptions to report arising from this responsibility. Katharine Finn (Senior Statutory Auditor) For and on behalf of PricewaterhouseCoopers LLP Chartered Accountants and Statutory Auditors Bristol 24 September 2021 Page 27 The OVO Charitable Found#lion Statement of Fi Inaiicial Activlties for the Year Elided 31 December 2020 (Including Income and Expenditure Account) Tolal 2020 Note Incomln8 resources lii¢(>iiiiiig re$oiiiresfroii& 8¢ii¢r&l¢dluiids Donations 8nd1¢8a¢ies Investmclii Inctsme 1,112,436 2,273 ,114709 Resoui-ces ¢.¥p¢iided Costs ofgeneruilngfullds Investmenl tnanagefflent cos Cli¢riioble o¢liwli¢f (341 11,014,928) 1.014,962 Total exptmdlture Net incoin¢ l N¢1 ￿￿vement in 99,747 ReconciliAtlon of fund5 Tot￿ fun