OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-09-30-accounts

Registered charity number 1156722

The Carbon Literacy Trust

Annual Report and Financial Statements

for the year ended 30 September 2020

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

The Carbon Literacy Trust Report of the Trustees for the year ended 30 September 2020

The Trustees present their annual report and unaudited financial statements for the year ended 30 September 2020.

Reference and Administrative Information

Charity name The Carbon Literacy Trust

Charity Registration Number 1156722 Registered Office Green Fish Resource Centre 46-50 Oldham Street Manchester M4 1LE Trustees Ali Abbas Chair Neil Bradley Robin Lawler Ruth Wood (resigned 15 June 2020) Alexander Ganotis (appointed 25 November 2019)

Key management personnel

The charity has no employees. Management is provided by the board of trustees

Independent Examiner

Paul Cowham MA FCA DChA Green Fish Resource Centre 46 – 50 Oldham Street Manchester M4 1LE

Bankers

The Co-operative Bank 1 Balloon Street Manchester M60 4EP

1

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

The Carbon Literacy Trust

Report of the Trustees for the year ended 30 September 2020

Structure, governance and management

Company status

The charity is a Charitable incorporated organisation (CIO), number 1156722.

Governing document

Constitution based on the Charity Commission's model constitution for a CIO, whose only voting members are its charity trustees.

Recruitment and appointment of Trustees

Trustees are identified according to the skills, knowledge and experience needed for the effective administration of the CIO, and are appointed by a resolution passed at a properly convened meeting of the charity trustees.

Objectives and activities

Objects and aims

The object of the CIO is to advance the education of the public in the conservation, protection and improvement of the physical and natural environment.

The charity aims to provide the public with an awareness of the environmental, in particular carbon, costs and impacts of everyday activities and the ability and motivation to reduce their environmental impact, including greenhouse gas emissions on an individual, community and organisational basis.

The trustees, in making decisions about how to carry out the charity's purposes, have had due regard to the Charity Commission's public benefit guidance when exercising any powers or duties for which the guidance is relevant.

Activities

The charity has worked in partnership with Cooler Projects CIC to deliver The Carbon Literacy Project. Highlights for the year include:

2

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

The Carbon Literacy Trust Report of the Trustees for the year ended 30 September 2020

Other highlights include:

Achievements and performance

The Carbon Literacy Trust was formed in April 2014 to take on the Carbon Literacy Project from Cooler Projects CIC, which had developed the Project to offer everyone who lives, works and studies access to a day's worth of learning on climate change.

To facilitate this process and to ensure the ongoing development of the Project, the Trust decided to appoint Cooler as our delivery partner, and to provide grant funding to them to continue the excellent work they have done to date.

In this period, the Trust has worked closely with Cooler to continue developing relationships with existing and new sectors such as providers of social housing, local authorities, the arts and culture sector, the media sector, construction and engineering, rail and automotive, colleges and universities, national government and NHS, further establishing the Project in Wales and Scotland, and increasing the geographical reach of Carbon Literacy in the UK and Europe.

The Trust has made good progress with this, and the Project has continued to go from strength to strength, with 15,008 citizens certified as Carbon Literate, 1,264 organisations with Carbon Literate staff, 40 organisations certified as Carbon Literate Organisations, 56 certified consultants, trainers and facilitators, and 6 certified Carbon Literacy Training Organisations all formally accredited by 30 September 2020.

3

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

The Carbon Literacy Trust

Report of the Trustees for the year ended 30 September 2020

Financial review and reserves policy

The charity's reserves policy states that it will aim to hold reserves equivalent to 3 months' operating costs (in the region of £75,000) to ensure that the Project can continue to be funded in the event that income is significantly lower than expected.

The charity currently doesn't have any unrestricted reserves. However, as the charity doesn't employ staff or have any other financial commitments, and the majority of the liabilities represent money owed to Cooler Projects which are not due until the charity can afford to pay them, the Trustees consider the charity is liquid and a going concern. Plans are in place to build up reserves in line with the policy.

S tatement of Trustees’ responsibilities

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

Approved by the Trustees and signed on their behalf by:

…………………………… Ali Abbas

07 / 26 / 2021

…………………………… Date

4

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

Independent Examiner’s Report to the Trustees of

The Carbon Literacy Trust

I report on the accounts of the charity for the year ended 30th September 2020 which are set out on pages 6 to 17.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under charity law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Paul Cowham FCA DChA Green Fish Resource Centre 46 – 50 Oldham Street Manchester M4 1LE

07 / 26 / 2021

Date ………………………

5

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

The Carbon Literacy Trust

Statement of Financial Activities (including Income and Expenditure account) for the year ended 30 September 2020

Unrestricted
funds
Note
£
Income
Donations and legacies
3
44,954
Charitable activities
4
150,302
Investments
5
-
Total income
195,256
Expenditure
Charitable activities
6
122,618
Total expenditure
122,618
7
72,638
Transfer between funds
28,000
Net movement in funds for the year
100,638
Reconciliation of funds
Total funds brought forward
(132,046)
Total funds carried forward
(31,408)
Net income/(expenditure) for the
year
Restricted
funds
£
-
136,108
-
136,108
28,404
28,404
107,704
(28,000)
79,704
-
79,704
Total funds
2020
£
44,954
286,410
-
331,364
151,022
151,022
180,342
-
180,342
(132,046)
48,296
Total funds
2019
£
36,136
99,422
-
135,558
152,837
152,837
(17,279)
-
(17,279)
(114,767)
(132,046)

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

6

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

The Carbon Literacy Trust

Balance sheet as at 30 September 2020

Note
£
£
Fixed assets
Intangible assets
12
30,408
Total fixed assets
30,408
Current assets
Debtors
13
9,893
Cash at bank and in hand
126,248
Total current assets
136,141
Liabilities
Creditors: amounts falling
due in less than one year
14
(99,817)
Net current assets/(liabilities)
36,324
Total assets less current liabilities
66,732
Creditors: amounts falling
due after more than one year
15
(18,436)
Net assets
48,296
Funds of the charity
Restricted income funds
16
79,704
Unrestricted income funds
17
(31,408)
Total charity funds
48,296
Ali Abbas
Name
Signed
Approved by the trustees on ….............. and signed on their behalf by:
The notes on pages 8 to 17 form part of these accounts.
2020
07 / 26 / 2021
£
£
16,023
16,023
36,139
11,568
47,707
(47,707)
-
16,023
(148,069)
(132,046)
-
(132,046)
(132,046)
2019

7

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2020

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 section 1A.

The Carbon Literacy Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. The trustees recognise that there was a deficit in unrestricted funds of £31,408 at 30 September 2020. However, the majority of the debts of the charity are owed to Cooler Projects C.I.C. for project delivery, and the directors of Cooler Projects C.I.C. are not asking for these debts to be paid beyond the charity's available funds.

Furthermore, the financial position of the charity improved significantly during the year. The trustees are optimistic this improvement will continue.

There are no key judgments which the trustees have made which have a significant effect on the accounts.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

8

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2020 (continued)

c Income

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

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

d Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e Interest receivable

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

f Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

9

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2020 (continued)

h Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

i Intangible fixed assets

Brands and intellectual property are capitalised at cost (or cost when transferred from Cooler Projects CIC) and are depreciated as follows

Brands 5 years Intellectual property 5 years

l Debtors

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

m Cash at bank and in hand

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

n Creditors and provisions

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

o Financial instruments

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

p Pensions

The charity does not currently operate a pension scheme.

10

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2020 (continued)

2 Legal status of the charity

The charity is a Charitable Incorporated Organisation (CIO), registration number 1156722.

3 Income from donations and legacies

Unrestricted
£
Donations
44,954
Total
44,954
36,136
4
Income from charitable activities
Unrestricted
£
Grants
-
-
Project income
Individual certification
92,916
4,575
16,630
E-learning licences
2,154
10,750
Training
19,997
Other earned income
3,280
Total
150,302
78,842
Total by fund 30 September
2019
Total by fund 30 September
2019
Patagonia - the Tides
Foundation
Department for Business,
Energy & Industrial Strategy
Trainer certification
Organisation certification
Course certification
Restricted
£
-
-
-
Restricted
£
-
136,108
-
-
-
-
-
-
-
136,108
20,580
Total 2020
£
44,954
44,954
36,136
Total 2020
£
-
136,108
92,916
4,575
16,630
2,154
10,750
19,997
3,280
286,410
99,422
Total 2019
£
36,136
36,136
Total 2019
£
3,688
16,892
32,580
4,725
11,900
3,812
11,315
14,260
250
99,422

In the comparative figures, grant income is all restricted and project income is all unrestricted

11

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2020 (continued)

5 Investment income

Income from bank deposits Unrestricted
£
-
-
Restricted
£
-
-
2020
£
-
-
2019
£
-
-

6 Analysis of expenditure on charitable activities

Carbon Literacy (charitable activity)
Grants paid for project administration
Amortisation of intangible assets
Other running costs
Other governance costs
Restricted expenditure
Unrestricted expenditure
Independent examination &
accountancy
Total 2020
£
128,467
13,615
8,490
450
151,022
2020
£
28,404
122,618
151,022
Total 2019
£
121,761
24,757
5,819
500
152,837
2019
£
20,580
132,257
152,837

12

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2020 (continued)

7 Net income/(expenditure) for the year

Net income/(expenditure) for the year
This is stated after charging/(crediting): 2020 2019
£ £
Amortisation of intangible assets 13,615 24,757
Independent examiner's remuneration
- accountancy 350 350
- independent examination 100 100
- corporation tax return preparation and filing 50 50

8 Staff costs

The charity had no employees or staff costs during the year. Management was provided by the trustees who received no remuneration.

9 Trustee remuneration and expenses, and related party transactions

Neither the trustees nor any persons connected with them received any remuneration or reimbursed expenses during the year (2019: Nil).

Aggregate donations from related parties were £nil (2019: £nil).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2019: nil).

13

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2020 (continued)

10 Government grants

The government grants recognised in the accounts were as follows:

Department for Business, Energy & Industrial
Strategy
2020
£
136,108
136,108
2019
£
16,892
16,892

There were no unfulfilled conditions and contingencies attaching to this grant.

11 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

12 Fixed assets: intangible assets

Cost
Additions
Disposals
At 30 September 2020
Depreciation
Charge for the year
Disposals
At 30 September 2020
Net book value
At 30 September 2020
At 30 September 2019
At 1 October 2019
At 1 October 2019
Brands
£
12,000
-
-
12,000
12,000
-
-
12,000
-
-
Intellectual
property
£
177,738
28,000
-
205,738
161,715
13,615
-
175,330
30,408
16,023
Total
189,738
28,000
-
217,738
173,715
13,615
-
187,330
30,408
16,023

14

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2020 (continued)

13 Debtors

Trade debtors
Other debtors and accrued income
2020
£
9,893
-
9,893
2019
£
6,223
29,916
36,139

14 Creditors: amounts falling due within one year

Other creditors
Accruals
2020
£
99,367
450
99,817
2019
£
44,917
2,790
47,707

The amount falling due within one year under other creditors includes the outstanding costs incurred by Cooler Projects CIC for work undertaken on the Carbon Literacy Project that the Trust has agreed to pay in the year to 30 September 2021.

15 Creditors: amounts falling after more than one year

Other creditors 2020
£
18,436
18,436
2019
£
148,069
148,069

The amount falling due after more than one year comprises the amount that the Trust has agreed to pay Cooler Projects CIC for work undertaken on the Carbon Literacy Project prior to the handover of the Project and its assets to the Trust (£18,436) and the outstanding costs incurred by Cooler Projects CIC for work undertaken on the Carbon Literacy Project in this and prior periods (2020: £nil, 2019: £129,633).

15

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2020 (continued)

16 Analysis of movements in restricted funds

Balance at
1 Oct
2019
Income
£
£
-
136,108
-
136,108
Balance at
1 Oct
2018
Income
£
£
-
3,688
-
16,892
-
20,580
17
Analysis of movement in unrestricted funds
Balance at
1 Oct
2019
Income
£
£
(132,046)
195,256
(132,046)
195,256
Balance at
1 Oct
2018
Income
£
£
(114,767)
114,978
(114,767)
114,978
Previous reporting
period
General fund
Previous reporting
period
Patagonia - the Tides
Foundation
Department for
Business, Energy &
Industrial Strategy
Department for
Business, Energy &
Industrial Strategy
General fund
Expenditure
£
(28,404)
(28,404)
Expenditure
£
(3,688)
(16,892)
(20,580)
Expenditure
£
(122,618)
(122,618)
Expenditure
£
(132,257)
(132,257)
Transfers
£
(28,000)
(28,000)
Transfers
£
-
-
-
Transfers
£
28,000
28,000
Transfers
£
-
-
Balance at
30 Sep
2020
£
79,704
79,704
Balance at
30 Sep
2019
£
-
-
-
Balance at
30 Sep
2020
£
(31,408)
(31,408)
Balance at
30 Sep
2019
£
(132,046)
(132,046)

16

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a

The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2020 (continued)

18 Analysis of net assets between funds

Tangible fixed assets
Net current assets/(liabilities)
Creditors of more than one year
Total
General
fund
£
30,408
(43,380)
(18,436)
(31,408)
Designated
funds
£
-
-
-
-
Restricted
funds
£
-
79,704
-
79,704
Total
£
30,408
36,324
(18,436)
48,296

17

Doc ID: 757368b4d1cc33b23bb0ce9c234d6dd00a13868a