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2025-09-30-accounts

Registered charity number 1156722

The Carbon Literacy Trust

Annual Report and Financial Statements

for the year ended 30 September 2025

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Report of the Trustees for the year ended 30 September 2025

The Carbon Literacy Trust

The Trustees present their annual report and audited financial statements for the year ended 30 September 2025.

The financial statements comply with current statutory requirements, the charity's constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

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

Malin Cunningham Simon Foy Alexander Ganotis Diane Johnson Jennifer Wilson-Brown (chair)

Key Management Personnel

Dave Coleman – Managing Director Helen Filby – Director of Operations Phil Korbel – Director of External Relations Natalia Phipps – Deputy Managing Director & Director of Advocacy

Auditors

Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 0AS

Bankers

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

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The Carbon Literacy Trust

Report of the Trustees for the year ended 30 September 2025

Structure, governance and management

Charity status

The charity is a Charitable incorporated organisation (CIO), number 1156722. The charity is incorporated in England and Wales.

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. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses claimed and any related party transactions are set out in note 12 to the accounts.

Organisational structure

The Board of Trustees sets the strategic direction of The Carbon Literacy Project. The Senior Management Team is responsible for delivering the project in line with the strategy.

Pay and remuneration

The Board of Trustees sets the pay of the Managing Director, and the Managing Director is responsible for setting the pay of the other members of the Senior Management Team.

Pay rates are based on historical pay, taking into consideration the pay of key personnel in other charities of a similar size, whilst recognising the need for affordability and long-term sustainability.

Public benefit statement

The trustees have had regard to Charity Commission guidance on public benefit in deciding which activities to undertake.

Objectives and Activities

Objects and aims

The object of the charity as set out in our constitution is to advance the education of the public in the conservation, protection and improvement of the physical and natural environment.

We’re in a climate crisis and there’s an urgent need to rapidly reduce greenhouse gas emissions to limit the rise in global temperatures and prevent the worst impacts on frontline communities and future generations.

The first step towards climate action is to understand what’s happening, why it matters and what you can do about it. That’s why our aim is to offer people access to a day's worth of learning on climate change. This is designed to provide learners with an awareness of the carbon costs and impacts of everyday activities and the ability and motivation to reduce their environmental impact on an individual, community and organisational basis.

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The Carbon Literacy Trust

Report of the Trustees for the year ended 30 September 2025

Strategy for achieving aims

The Carbon Literacy Project delivers this objective by supporting organisations to develop training courses in line with the Carbon Literacy Standard. This Standard defines a set of criteria both for course content and how the course is delivered.

Once the courses are reviewed and approved by the project team, the Carbon Literacy training is delivered by the organisations themselves or by certified Carbon Literacy trainers.

Any participant who completes an approved training course can submit evidence of their learning and of the actions they’ve committed to. If they meet the required criteria, they will be certified as Carbon Literate.

Resources

The Carbon Literacy Project team comprised 61 freelance staff (2024: 64), 2 employees (2024: 0), 1 intern (2024: 12) and 12 volunteers (2024: 10) at the end of September 2025. The volunteers play a key role in the process of assessing the evidence of learners who have applied to be certified as Carbon Literate, and in supporting the staff team with other tasks such as comms and public engagement.

Details of significant activities

We have continued to work with a wide range of public, private and community & voluntary sector organisations to extend the reach of the Carbon Literacy Project.

Highlights for the year include:

Longer-term aims and objectives

We have set a target of 1 million certified learners by 2030. To achieve this ambitious target would require a 50% annual increase in certifications. We’ve therefore set a short-term objective to reach 200,000 certified learners by the end of 2026.

Achievements and Performance

Growth in the number of individuals and organisations engaged with Carbon Literacy continued to accelerate throughout the year, in part driven by the strong take-up of sectoral Carbon Literacy toolkits in sectors including Automotive, Education, Healthcare, Local Authorities, Social Housing, Civil Service and Culture.

This in turn has led to an acceleration in the roll-out of Carbon Literacy training. We set a target

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The Carbon Literacy Trust

Report of the Trustees for the year ended 30 September 2025

to increase the number of learners certified as Carbon Literate by 50% in the year to 30 September 2025. We fell short of this ambitious target but in a challenging economic environment we still managed to achieve a 32% increase in learners from 107,802 to 142,059.

These new learners pledged to take nearly 70,000 separate actions in their homes and workplaces to reduce carbon emissions. This means that our project has now inspired over 280,000 actions and saved an estimated 500,000 tonnes of carbon emissions.

By September 2025:

We set a target to raise £360,000 in grants, donations and sponsorship in the year to 30 September 2025. We were unsuccessful in securing the level of grant funding that we’d hoped for, but donations and sponsorship remained strong amidst the economic uncertainty, and we managed to secure £287,000 in total during the period.

We raised small amounts of donations from the public via recognised fundraising platforms, and any fundraising work is carried out in-house in line with the Code of Fundraising Practice.

Impact reporting

More details of the impact of the Carbon Literacy Project can be found in our latest Impact - Report, which can be downloaded from: https://carbonliteracy.com/about us/

Financial Review and Reserves Policy

Review of the charity’s financial position

Most of the charity’s income of £1.321 million arose from four main sources:

Our expenditure for the year was £1.456 million, most of which comprised staff costs (£1.353 million). This resulted in a deficit for the year of £134,611.

The trustees recognise that funds on the balance sheet have reduced substantially this year. However, this is due to the deferral of significant amounts of income (£627,584), where certification and accreditation services have been invoiced and paid for in advance by customers, but not yet fully utilised.

The amount of income deferred is significantly greater than the cost of delivering the corresponding services, and does not represent monies that may need to be returned to

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The Carbon Literacy Trust

Report of the Trustees for the year ended 30 September 2025

customers.

The trustees are therefore of the opinion that whilst the deferment of this income is consistent with accounting standards, it does not fully represent the financial position of the charity.

The trustees also note that the bank balance, and cashflow is extremely positive: cash balances as at 30 September 2025 were £629,708 compared to £476,353 in the previous year.

Policy on reserves

The charity's funds at 30 September 2025 totalled £51,883, of which £42,500 related to grants and sponsorship for specific areas of work, leaving £9,383 of unrestricted funds.

However, as noted in the previous section, the trustees are of the opinion that the level and nature of deferred income do not yield a true picture of the charity’s reserves, and that reserves were in line with our policy to hold the equivalent of 3 months' operating costs (ca. £300,000) to ensure that the Project can continue to be funded in the event that income is significantly lower than expected.

Principal risks

The principal risks facing the charity are:

Plans for Future Periods

The charity’s plans for future periods involve further scaling up the capacity of the Project to engage more people and organisations, so we can enable them to deliver more carbon savings. Given the current economic uncertainty, our short-term goals are to consolidate our financial position and focus on:

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The Carbon Literacy Trust

Report of the Trustees for the year ended 30 September 2025

Statement 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.

In so far as the trustees are aware:

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.

Auditors

Third Sector Accountancy Limited were re-appointed as the charity's auditors during the year and have expressed their willingness to continue in that capacity.

Approved by the Trustees and signed on their behalf by:

…………………………… Jennifer Wilson-Brown

29 / 07 / 2026

…………………………… Date

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Independent auditor’s report to the members of The Carbon Literacy Trust On the financial statements for the year ended 30 September 2025

Opinion

We have audited the financial statements of The Carbon Literacy Trust (the ‘charity’) for the year ended 30 September 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

• give a true and fair view of the state of the charity’s affairs as at 30 September 2025 and of its incoming resources and application of resources for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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.

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 charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion 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 such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in 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.

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Independent auditor’s report to the members of The Carbon Literacy Trust On the financial statements for the year ended 30 September 2025

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 6, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees 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 charity’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 charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under Section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s 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 from 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.

Capability of the audit in detecting irregularities, including fraud

Based on our understanding of the charity and environment in which it operates, we identified the principal risks of non-compliance with laws and regulations related to pension legislation, tax legislation, employment legislation, health and safety legislation, and other legislation specific to the industry in which the charity operates, 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 preparation of the financial statements such as the reporting requirements under the Charities SORP and FRS102, and the Charities Act 2011.

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 principle risks were

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Independent auditor’s report to the members of The Carbon Literacy Trust On the financial statements for the year ended 30 September 2025

related to the pressure on management to achieve particular results. Audit procedures performed by the engagement team included:

There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. 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 Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of the audit report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body for our audit work, for this report, or for the opinions we have formed.

Third Sector Accountancy Limited, Statutory Auditor Holyoake House Hanover Street Manchester M60 0AS

29 / 07 / 2026

Third Sector Accountancy Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

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The Carbon Literacy Trust

Statement of Financial Activities

for the year ended 30 September 2025

Unrestricted Restricted Total funds Unrestricted Restricted Total funds
funds funds 2025 funds funds 2024
Note £ £ £ £
Income
Donations and legacies 3 138,486 14,500 152,986 130,961 35,774 166,735
Charitable activities 4 1,033,315 - 1,033,315 1,001,604 - 1,001,604
Other trading activities 5 122,500 - 122,500 72,865 - 72,865
Investments 6 12,258 - 12,258 9,583 - 9,583
Total income 1,306,559 14,500 1,321,059 1,215,013 35,774 1,250,787
Expenditure
Raising funds 7 59,242 - 59,242 47,685 - 47,685
Charitable activities 8 1,396,428 - 1,396,428 1,231,833 10,774 1,242,607
Total expenditure 1,455,670 - 1,455,670 1,279,518 10,774 1,290,292
Net income/
(expenditure) for the
year 10 (149,111) 14,500 (134,611) (64,505) 25,000 (39,505)
Transfer between funds - - - - - -
Net movement in funds
for the year (149,111) 14,500 (134,611) (64,505) 25,000 (39,505)
Reconciliation of funds
Total funds brought forward 158,494 28,000 186,494 222,999 3,000 225,999
Total funds carried
forward 9,383 42,500 51,883 158,494 28,000 186,494

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

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The Carbon Literacy Trust

Balance sheet as at 30 September 2025

Note
Fixed assets
Intangible assets
14
Total fixed assets
Current assets
Stock
15
Debtors
16
Cash at bank and in hand
Total current assets
Liabilities
Creditors: amounts falling
due in less than one year
17
Net current assets/(liabilities)
Total assets less current liabilities
Net assets
Funds of the charity
Restricted income funds
19
Unrestricted income funds
20
Total charity funds		 £
£
62,883
62,883
2,340
133,781
629,708
765,829
(776,829)
(11,000)
51,883
51,883
42,500
9,383
51,883
2025		 £
£
51,274
51,274
21,900
140,750
476,353
639,003
(503,783)
135,220
186,494
186,494
28,000
158,494
186,494
2024

The notes on pages 13 to 24 form part of these accounts.

29 / 07 / 2026 Approved by the trustees on …................. and signed on their behalf by:

Jennifer Wilson-Brown Name Signed

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The Carbon Literacy Trust

Statement of Cash Flows for the year ending 30 September 2025

Note
22
Cash flows from investing activities:
Bank interest
Purchase of intangible fixed assets
Cash provided by/(used in) investing activities
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Increase/(decrease) in cash and cash equivalents in
the year
Cash provided by/(used in) operating activities		 2025
2024
£
£
170,434
86,222
12,258
9,583
(29,337)
(17,507)
(17,079)
(7,924)
153,355
78,298
476,353
398,055
629,708
476,353

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The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2025

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 accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following 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) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

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.

c Judgments and estimates

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.

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The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2025 (continued)

d 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.

e Accounting estimates

Individual certificate applications are often bulk-purchased by organisations to cover certification of a large number of learners. At the year end, some of these certificate applications have not been utilised, and this portion of income is deferred. Older deferred certificate income that is unlikely ever to be used, based on historic usage, is released to income. A similar principle is applied to pre-purchased organisation accreditation applications.

f 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.

g 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.

h Fund accounting

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

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The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2025 (continued)

i 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.

j Intangible fixed assets

Brands and intellectual property are capitalised at cost and are depreciated as follows over their estimated useful economic lives on a straight line basis as follows:

Brands 5 years Intellectual property 5 to 10 years

k Stock

Work in progress is valued as the cost of any raw materials, labour and overheads used in the creation of work in progress.

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 has a pension scheme with NEST, and contributes to this on behalf of their employees.

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The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2025 (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 Restricted Total 2025 Unrestricted Restricted Total 2024
£ £ £ £ £ £
Donations 138,486 138,486 130,961 - 130,961
Grants
Patagonia - the
Tides Foundation - - - - 7,774 7,774
Compass Group - - - - 28,000 28,000
Greater Manchester
Arts Sustainability
Network - 1,500 1,500 - - -
York Museums and
Gallery Trust - 13,000 13,000 - - -
Total 138,486 14,500 152,986 130,961 35,774 166,735
Income from charitable activities
Unrestricted
£
Project income
525,064
19,981
173,691
9,628
E-learning licences
11,686
Consultancy
-
166,273
Event
tickets
4,335
21,110
Toolkits
97,663
Other earned income
3,884
Individual
certification
Shareable
courses
Course
certification
Educator
accreditation
Trainer
certification
Organisation
certification		 Restricted
£
-
-
-
-
-
-
-
-
-
-		 Total 2025
£
525,064
19,981
173,691
9,628
11,686
-
166,273
4,335
21,110
97,663
3,884		 Unrestricted
£
506,886
10,901
150,102
-
22,023
10,000
130,652
-
15,100
155,258
682		 Restricted
£
-
-
-
-
-
-
-
-
-
-		 Total 2024
£
506,886
10,901
150,102
-
22,023
10,000
130,652
-
15,100
155,258
682
Total 1,033,315 - 1,033,315 1,001,604 - 1,001,604

4 Income from charitable activities

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The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2025 (continued)

5 Other trading activities

Sponsorship
6
Investment income
Income from bank
deposits		 Unrestricted
Restricted
Total 2025 Unrestricted
Restricted
Total 2024
£
£
£
£
£
£
122,500
-
122,500
72,865
-
72,865
122,500
-
122,500
72,865
-
72,865
Unrestricted
Restricted
2025
Unrestricted
Restricted
2024
£
£
£
£
£
£
12,258
-
12,258
9,583
-
9,583
12,258
-
12,258
9,583
-
9,583

7 Analysis of expenditure on raising funds

Fees to online platforms
Marketing
Freelance fundraisers
Support costs
Governance costs
8
Analysis of expenditure on charitable activities
Carbon Literacy (charitable activity)
Freelance consultants
Staff costs
CLO Awards
Amortisation of intangible assets
Bad debts
Travel
Volunteer support grants
Other running costs
Support costs
Other governance costs
Audit		 2025
2024
£
£
180
684
5,044
16,636
52,302
29,056
1,503
1,124
213
185
59,242
47,685
2025
2024
£
£
1,251,712
1,117,034
49,310
-
17,024
20,330
17,728
18,062
1,200
7,491
13,631
29,742
-
15,120
1,110
724
39,176
29,289
5,537
4,815
1,396,428
1,242,607

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The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2025 (continued)

8 Analysis of expenditure on charitable activities (continued)

Restricted expenditure
Unrestricted expenditure		 2025
2024
£
£
-
10,774
1,396,428
1,231,833
1,396,428
1,242,607

9 Analysis of governance and support costs

Basis of
apportionment
Insurance
in proportion of overall costs
Office costs
in proportion of overall costs
Audit
in proportion of overall costs
Legal and professional
in proportion of overall costs
Raising funds
Charitable activities
Previous accounting period
Basis of
apportionment
Insurance
in proportion of overall costs
Office costs
in proportion of overall costs
Audit
in proportion of overall costs
Legal and professional
Raising funds
Charitable activities		 Support
Governance Total 2025
£
£
£
3,022
-
3,022
29,931
-
29,931
-
5,750
5,750
7,726
-
7,726
40,679
5,750
46,429
1,503
213
1,716
39,176
5,537
44,713
40,679
5,750
46,429
Support
Governance Total 2024
£
£
£
2,724
-
2,724
24,656
-
24,656
-
5,000
5,000
3,033
-
3,033
30,413
5,000
35,413
1,124
185
1,309
29,289
4,815
34,104
30,413
5,000
35,413

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The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2025 (continued)

10 Net income/(expenditure) for the year

This is stated after charging/(crediting): 2025 2024
£ £
Amortisation of intangible assets 17,728 18,062
Auditor's remuneration
- audit 5,000 5,000
aff costs
aff costs during the year were as follows:
Wages and salaries
Employers pension contributions
Recruitment
Freelance consultants		 2025
£
48,369
792
149
1,304,014
1,353,324		 2024
£
-
-
-
1,138,090
1,138,090

11 Staff costs

Staff costs during the year were as follows:

No employee has employee benefits in excess of £60,000 (2024: Nil).

The average number of staff employed during the period was 1.6 (2024: nil).

The average full time equivalent number of staff employed during the period was 1.4 (2024: nil).

The key management personnel of the charity comprised the trustees, the Managing Director, the Director of External Affairs, the Head of Advocacy, the Head of Operations, the Head of IT & Systems and the Head of Development. The total remuneration of the key management personnel of the charity was £187,830 (2024: £204,288).

12 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 (2024: Nil).

Aggregate donations from related parties were £nil (2024: £nil).

A trustee of the charity, Diane Margaret Johnson, is also a member of the senior management team of Beechfield Brands Ltd who donated £100,000 (2024: £110,000) to The Carbon Literacy Trust during the year. There are no other donations from related parties which are outside the normal course of business and no restricted donations from related parties.

Malin Cunningham is a trustee of The Carbon Literacy Trust and a Director of We are Hattrick Limited. Income of £300 (2024: £4,130) was received in the year from We are Hattrick Limited.

Dave Coleman and Phil Korbel are key management personnel of The Carbon Literacy Trust, and Directors of Cooler Projects CIC. During the year, the Trust paid £4,351 (2024: £27,568) to Cooler Projects CIC for project administration. The reduction from the previous year is due to the Trust directly engaging freelance staff that were previously engaged by Cooler.

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 (2024: nil).

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The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2025 (continued)

13 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.

14 Fixed assets: intangible assets

Cost
Additions
At 30 September 2025
Depreciation
Charge for the year
At 30 September 2025
Net book value
At 30 September 2025
At 30 September 2024
At 1 October 2024 (as restated)
At 1 October 2024 (as restated)		 Intellectual
Brands
property
£
£
Total
12,000
286,411
298,411
-
29,337
29,337
12,000
315,748
327,748
12,000
235,137
247,137
-
17,728
17,728
12,000
252,865
264,865
-
62,883
62,883
-
51,274
51,274

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The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2025 (continued)

15 Stock

Work in progress
16
Debtors
Trade debtors
Other debtors and accrued income
17
Creditors: amounts falling due within one year
Note
Trade creditors
Other creditors
Taxation and social security
Accruals
Deferred income
19		 2025
2024
£
£
2,340
21,900
2025
2024
£
£
103,887
137,567
29,894
3,183
133,781
140,750
2025
2024
£
£
103,435
134,224
7,824
-
27,771
57,127
9,945
11,812
627,854
300,620
776,829
503,783

18 Analysis of deferred income

Deferred income comprises Carbon Literacy certificate applications purchased in advance by organisations but not utilised by year end, and sponsorship income relating to the following year.

Balance as at 1 October 2024
Certificate applications
Sponsorship
Amount released in the year
Certificate applications purchased in advance
Organisation accreditation purchased in advance
Sponsorship relating to the following year		 2025
2024
£
£
284,120
238,907
16,500
(300,620)
(238,907)
539,604
284,120
60,250
-
28,000
16,500
627,854
300,620

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The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2025 (continued)

19 Analysis of movements in restricted funds

York Museums and Gallery Trust
Manchester Museum
Patagonia
Compass Group Foundation
Compass Group Foundation
Previous
reporting
period
Greater Manchester Arts
Sustainability Network		 Balance at
1 Oct 2024
Income
Expenditure
Transfers
Balance at
30 Sep
2025
£
£
£
£
£
-
1,500
-
-
1,500
28,000
-
-
-
28,000
-
13,000
-
-
13,000
28,000
14,500
-
-
42,500
Balance at
1 Oct 2023
Income
Expenditure
Transfers
Balance at
30 Sep
2024
£
£
£
£
£
3,000
-
(3,000)
-
-
-
28,000
-
-
28,000
-
7,774
(7,774)
-
-
3,000
35,774
(10,774)
-
28,000

The balances on restricted funds are all unexpended grants for the charity's projects, which are all connected with Carbon Literacy.

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The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2025 (continued)

20 Analysis of movement in unrestricted funds

Current reporting period

Balance at
1 Oct 2024
£
158,494
158,494
Previous reporting period
Balance at
1 Oct 2023
£
222,999
222,999
Analysis of net assets between funds
Intangible fixed assets
Net current assets/(liabilities)
Total
Intangible fixed assets
Net current assets/(liabilities)
General fund
Previous
reporting
period
General fund		 Income
Expenditure
Transfers
Balance at
30 Sep
2025
£
£
£
£
1,306,559
(1,455,670)
-
9,383
1,306,559
(1,455,670)
-
9,383
Income
Expenditure
Transfers
Balance at
30 Sep
2024
£
£
£
£
1,215,013
(1,279,518)
-
158,494
1,215,013
(1,279,518)
-
158,494
General
Designated
Restricted
fund
funds
funds
Total
£
£
£
£
62,883
-
-
62,883
(53,500)
-
42,500
(11,000)
9,383
-
42,500
51,883
General
Designated
Restricted
fund
funds
funds
Total
£
£
£
£
51,274
-
-
51,274
107,220
-
28,000
135,220
158,494
-
28,000
186,494

21 Analysis of net assets between funds

23

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The Carbon Literacy Trust

Notes to the accounts for the year ended 30 September 2025 (continued)

22 Reconciliation of net movement in funds to net cash flow from operating activities

Net income/(expenditure) for the year
Adjustments for:
Depreciation charge
Impairment of intangible fixed assets
Dividends, interest and rents from investments
Decrease/(increase) in stock
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities		 2025
2024
£
£
(134,611)
(39,505)
17,728
18,062
-
(12,258)
(9,583)
19,560
(21,900)
6,969
59,150
273,046
79,998
170,434
86,222

24

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