ChaFity regÈstration number. 1185614 The 2 Minute Foundation Annual R8FK)rt arKI Frnanaat Slatem8nts Fruibon Accwnlancy LLP Strathrd.uDon-Avon Warwic*shire CV37 6JG
Thè 2 Minuts Foundation Refen¢@ and Adminislrthe Dètals Tntst6es' Report 2to3 Statsment ofTrustees' Re4))nNI1ieS ItNaep8ndent Exalle ReF*Xt ststernent of Financial Activitles Notss to the Financial Statements 8t016
The 2 Minute Foundatlon Reference and Admlnistrative Details Kate Jate Cox {reSIgT 16 July 20r3) Karen wil M&bn Ja(tson (restgned Z3 January 2023) Yvett& Curtis (appoVrt 10 February 2023 and regn 27 Mar 2024) Principal Office Offic 4 The W(xktyi BeNe Vue Lane Comwal EX23 8BR Charfty Reglstratlon Number 1185614 Independant Examlner waC*shir8 CV37 G Page I
The 2 Minute FotEndation Trustoos. Report Th8 trustè8s pr&s8nt th8 annual reFQrt tcgelherwith the ffirArKial slatemerts ofthe tharity for ye ended 31 December 2023. ObjoGtivEs and acttvitt Objects and alms To promote SeNatiOn. protecion and improvwiwrt of the phwj and natural 8nvironmenL To advance thè 8du(2tion of th8 wblic by provthg all vrforrnali. advi and raising awareness on issu8s surrounding waste generati(. 7Kaste mawem8nt aTNI vrasta recydiro primarity arxoss the UK and Ireland with global aspiFaticqJs. PubllG In6fft Th@ trustses confirm that tw have oJmpligJ with the requirements of section 4 of the Chaiittes Act 2011 to have due rega to the br guidance by the CkArrty Comrnission for land and Wales. Achlevements and pgrforman¢e 2023 saw th& celebration of the 10 year anniv of #2Minutebth hashtag and dtEring the year saw the charti$ first successfijl slat aLon Coffee Cup Challenge campaign. as wdl as the successful CrOnder. raislw £15,1. Key events during the year iM4uded atterlry th8 Lorthn Rad Carp8t 8V8nt as tha stlcs 8XP8rt for an episode ofthe Neffirx cartoon series WiracxJkNJS Lag aThJ Cat Noirt, a Tour in Northumbertand that reathed over 3,500 ftYlNtdt]s aThJ high brarKI tr4)osurè on the main stage at Ocean Fest abngsldé gkjbal ads. Akn raising 8W8reness of the brand. was a 2 bea* dean as of a)r¥atiOniSt Morty Halls. Generation Sea Change pro1 higNighting ts)astal projects and organisatiorts having a posthve Impact on the marine environment The ctwtty wa5 abo feathod on The One Show 2nd in County Lrfe magazine. In tom of nneCt[ng with iThJtviduaL% aEMJ cwrrnnth8S. the beach sthcd taught 1.281 Ung wpt8 during the year, with $8ssions suppxvled by dryT0. 80 new stations YRre placed into communiti&s, whiL8t at Ihe same time, a new and sJslainaiAe design was d8veW. annual one-off don8tion-b8sed 1XIn$S pBckage. Flnanclal revlew The charitys total irng resources fory8ar vme £2(Kl.366 (2022: f291.180). ar¥J Itrtal 8xp6nditu for the was £278.893 (2022: £276.380I Thks fesulted n a deficit for thè year of £78.52712022: £14.800 SulusI. due tr) funts beÈng spant that had en r1Ved prior to the year. At thè end of th8 ysar, the charity heEd total fvnds of £33.937 {2(YZ2: £112.4641 or whth £14.885 (2022 £63.071) Pap2
The 2 Minute Foundation Trus. Report The ch8ritys policy on r8serves is to have 3 m(Mth (¥xe wsts in fr•& reserves and y LX)n1]n to Nalure of gowqrnlng docujjwnt The foundation was registered as an Chariiatle IncorF21ed Organisation (CIO) on 4 Odober 2019 and is governed by a CIO COrt[bll0n. The f(N2rKlaticm (X)mnneed Irs act¥iEps op. l January 2020. Trustees are appointed by the bcord Inv them fDr irrtermv. Once of the ard are in agreement then the tntstee is appoin1. The annual rep(4t Vts5 approv•J by Ihe Injstees of rity on . behatf by. ar signed on its Tfustee
The 2 Mrnute Foundation Statement of T. R•sponslbilities The tru6te8s are resFonsiblg for prepariThJ the trustees. rewrt and the finanlyal s18t8ments in accordan tha Urrit8d lfjngdoffl Aoxuntiro St8ThJatd8 (Unibj TrTr7g(k)m Generalty Accepted Acwunting Practice) arjd appfi&le law and regulatvJns. The law applicabl8 to ch8rib&s requires the trustees to pr4)are firfanaa slatents for ea( financtal year whid) give a tNe and fair of the stste of affai[5 of the thaiity and of in[19 resource9 and appli&ton of rasources of the dwTty ts that In EwrirwJ these finarnaal StateMtts. trustees are required to: sele( suilabl8 acc£Junting pleS then apply thewn observe the meth(Nts and principles w) th8 Charilie5 SORP. stsle wheth& appfic£ble aCunln9 stsrKlards have boon fd10wJ. subj8( to any rnateri dapartures disckned and expianed in the finan(#al sbloments. and prepare financial $18t8ments on the cO8M basis unlS it is inapprcyrkts to presume that th& ctrtsTtty ol112 in tinesS. acAyJfdCy at any lime the finarKaal FSiOn of the (knrity and enaL4e them to ertsure that lha fir[1 ststements comply lth IhètharitiBs Act 2011. the app112b Chariliès (Actounts and Reports) Regulations. arKJ the provisions of Irie o)nsbtut*. The irus1 are also responsible k)r safeguardir the assets of th8 charity and henc8 for taking rea9xAtrAè steps for ihe prev8ntion and deteclion of fr3ud and t)ther irrgJul8rrti8s. Aoproved by the truslees ofts tharity ..... ... Z+ signgs on Ils b8hatf by. me Johfi Gaffett Trustse Page 4
The 2 Minute Foundatlon Independent Examinerfs Raport to the trustees of The 2 Mlnute Foundation I report to tho bustees on my examination of the ac£•)unts of The 2 Minute Foundalon for the year end9d 31 December 2023. Responsibilities and basis of rgport As the charity tnjstees of The 2 Minute Foundatk)n you are responsibl6 for the preparation of the arLounts ih aCcIdance the requirements of the Chartties Act 2011 (lhe AcV}. I rewrt in respect of my examination of the The 2 Minut8 Foundation's acxJwnts Carried out under section 145 of the 2011 Aet and in caryng (yjt my examination I have follow•J all t applicable Directions given by the Charity Commission under section 145(5)(bl of the ACL Independent examlnevs statsment I have completed my examination. I ccmfirm that no material matters have o)me Iv my attention In connection wth the examination giwng me c8use to beli8ve that in any material peCt. accounting re(J)rds were not kept in reskyt of The 2 Minlrte Fcyjndation as qUired by section 130 of the A¢l' or 2. the a(£cunts do not accord with those record8" or 3. the a¢counts ¢kt not comply wth th8 accounting requirernents conc9ming the form and content of a¢¢ounts set out in the Chartb8s (Accounts and Reporls) Regulations 2008 other than any requirement that the accounts give a Irue and fair vievf 1¢h is not a matter consldered as part of an Independent examinatw)n. I have no concems and have come across no other matter5 in connecthjn with the exAmination to which attention should be dra in this report In er to enab a propar understanding of the accounts to be reached. elle Vincent ACCA 29 Wood Street Stratford-upon.Avon Warwickshire CV37 6JG Date.. 149120¥ Page 5
The 2 Mlnute Foundation statement of Financial Activities for the Year Ended 31 December 2023 Unrestrlcted Restri¢t¢d funds Total 2023 Intom6 and Endowments from: Donatlons and 18gacies Charttable activities Other trading advibés 44.430 53,655 2.443 600 99,238 45,030 152.893 2,443 Total Income 1CN).528 99,838 200.366 Expendtture on: Raising funds CharEtable activibes (2.457} 147,293 (2.457) 276,436 129,143) Total Expenditure 149.750 129,143 278,893 Net expendtbjre Gross transf8rs batr8n funds {49,2221 1.036 (29,305) 1.036) (78.527) Net movement in funds {48,186) (30,341) 178.527) Reconclllatlon of funds Totsl funds brought forward 63,071 49,393 112,464 Total fiJnd8 carried forward 15 14,885 Unrestrlcted Restricted nds funds 19.052 33,937 Total 2022 Income and Endowments from: Donab"ons and legaues Charitsble acttvitses Other trading a¢tNttses 80,335 202,526 8.319 118,211 8.319 84.315 Total income 206.865 84.315 291,180 Expendlture on: Raising funds Charitable activthes (12.262) 171,842) (12.2621 {264.118 92,2761 Totd expenditurg 184.104 92,276 276,380 Net incomel(expenditure) .961 14,800 Net movement in funds 22.761 (7.961) 14,800 Reconciliation of funds Total funds brought forward Total funds (xrried forward 40,310 57,354 97.664 15 63.071 49.393 112.464 l of the chartys actsvitles derive from continuirvJ operatk)ns during the above peri)ds. The funds breakdown for 2022 is sh¢yn in note 15. The notes on pages 8 to 16 fcxm an integrd part of these finaniaal statements. Page 6
The 2 Mlnute Foundatlon (Reglstratlon numb•r. 1185614) Balance Sheet as at 31 December 2023 2022 Flxed ass8ts TangitAe assets 12 13 8.653 4.039 29.216 C&%h at bank and hand 101.846 119.382 Credltors: Amounts fauing due within one y 14 8.653} 32,633 110.729 Net assets 33,937 112,464 Funds of the tharity: Rostrfthd funds 19.052 49.393 Unrestncted tunds. 14,885 63,071 Total fund5 15 33.937 112,464 naai slateTnerrts on pages 6 10 16 wèTr approved bythe tsiisl and authori for issue on ... and sigrd on their bthalf ty. Mew John G8rrett
The 2 Minute Foundation Notes to tho Financial Statsments for the Year Ended 31 Doc•mr 2023 1 AcGouTrting polklos The finanaai statements have b88n pr8pargJ in a(Xr A(Jntlng and Repcrfting by Chartties: Statèmant of Recommended Pra¢tir apab1fr to thathies pfBparing accounts in accordance the Finan(¥al Reporbng Standard apprb in UK 2nd Republtc of Ireland (FRS 1021 {effe¢bve 1 January 2019) - (Chartlies SORP (FRS 102)). the Fironaal Reporbn9 Standard applThbio in the UK atKI ReputAi¢ of Ireland (FRS 102) arna the CtrAiities Act 2011. Basts of preparatlon The 2 Minute Foundation meets th& definitlon of a elltity under FRS 102. Assets and liabdibes are inittalty recogntsed at histoiThl (x& or transackn vatue unless Othl$e stated in th& relevant awtyjnting poly notes. Ex•mptlon from preparing a cash Ilow statem Th8 tharity opted to ]Y adopt BulletÈn 1 publishgj on 2 Fthpry 2016 atxl ha thefore not inGJud&J a cash ftow Statem in these financial slatfftnts. Golng con¢em Th& IteS consKler that there matwkl urMxrtaFnlt8s atmxrt th8 ctrwTVs abifty b) wnttnu# a going corKern. Incom8 and endowments Voluntary tncome includirwJ dtina1h. gffts. Iwjaaes aml grants that wovrde (J)re nthng oTore..of a gBneral nabJre is rpcajgnised when the charity entilknt to th8 in(x)me. it IS PFDbabl8 fhat the Donats"ons andjegxles amount r2n bo relblY m&8sured. Expenditure l eXpend[tU is r8cognised oncE there is a legal or (xjrtstrlWe obligan to that expenditur8, it probable setuement re4uired and the amount Can be rn83surgJ reliably. All costs ar8 allocated to the applicable eXpendIrg heading that gregate simlar costs to that category. Where costs cannot b8 dIY attributed tQ PETti%)Jlar h8aifmgs th8y have been aN(Ka1 on a basts conststent with the use of resour8. with cwrtral staff o)sts aDocaW on the basis of time spent arhl depreciation charges all¢xd on the p)rtion of the assefs us& Oltr suprK)rt u)sts are 8UocaW based on th spread of staff (x)sts. Raising funds I[U[led in trading athib&8 ttlat raise futs.
The 2 Minute Foundation Notes to the Financial Statements for the Year Ended 31 December 2023 Chautable expendibJre e£JrnpY th(Kqe u)sts by the dHTty tn the deery of its actsvibes and those Gosts of an [ndIr nthre necessary to SUFWt th8m. Support Costs Support costs inthdg rntral fvnctions and have tw albLZted to aLvity cost ories on a basi Capita, staff costs by th8 time speTrt aTid other a)sts by their us&F. Governance costs These indude the (x)sts attrft)utaLe to Laritls wlth lOnal and stabJtory r8quirem6nts. indLMJing audit strategic management and tnjstees's MtIngS and reimbursed Taxation The Ghar5ty (>)[idered to pass the tests set (rt in Parngraph 1 S(IlU16 6 ofthe Firn A¢É 2010 and therefore tt meets the definttion of a tharilab18 for UK corporation tax PUTPOSeS. Accordingly, the tarity ts potentially exempt from taxation in reswl of in(x)me or (xpttal gains reiVed within categorie5 covered by Chapter 3 Part 11 of the CoTPCrtion Tax A¢X 2010 or Sedion 256 01 the Taxation of chargeab Ga5 Act 1991 to the extent Ihat such in(x)me or gains are appaed exdusivety to tharItab pwFv. TaTrgtble ed assets Indrffjdual fed assets costlThJ £21JO or more are inlttalty at ts lass subwuént accumulated depreaath)n and wbw]uent aLxumulat&l tynpaim)ent k)sses. Depreclall¢)n and amOrtTr D6pr8ciation ts provid1 on tible assets so as to wrrte off 1h8 ¢))st or valuation, less arty Asset class Office equipment Depreclatlon method and rate 3 Years Straight Lin8 Stock Stockils WaIe atthe k)wer of Ix6t and estimatgd pr less (x)sts to mIle18 and s811, after due regard for obsolete and slow mf)viro Cost is determined using the fiTSt4n. fftst-oul (FIFO). Trade debtors a atnourrts due from customers for merchaThYlse sold or seNlees In the ordinary course of busin. using the effective interest meth(Kt, less provisM)n for impainYenL A FmisK>n for the impairnient of est2blished when ther? is otyective evwIer Ihat the Mll not be able to colknt all amwnts due acrx)rding to the origfftal temis of the r1Vab[&s.
The 2 Minute Foundation Notes to the Flnancial Statements for tho Yoar Ended 31 December 2023 Cash and csh equlvalènts Cash and cash equivalents cofftprtse rash on hand arKI cau deposrfs. and other short-tenn highty IiquKI investments that 8r8 TSadY ConvertiLe to a kJKwm amount of cash arKI are sjbject lo an insigntficAnt risk of change in value. Trade creditors alp obligalions to pay g(S crf Se( that been ac4uwed in the ordinary GouTre of business from gJppli8rs. ALxourrts payabl8 are (knified as current habitieS rf the does not have an uncondlticrtl rigtrt. at the end of the Twjtng FwicKI. to dpfer setllement of the uaditor for at Igast e mixths after th8 r8portrng date. If there is an unLxvrtl(l right tr) d8far sgtuement for at least are recognised initialty al transacaK)n Pri and subsequ8nty measured at aTnortised cost using the effective int8r8st rnettrL Fund structure Unrestricted income funds are general fvNJs that 8re avakFA& for usa at th8 I'S discrotion in furtheranca oftha otgeclives of the r*wity. Rgstficted inrne fijnds are those thn81 for use in a partilar area cff for sp&Yfic purposes. the 2 Incom8 from donatlons and legaGwos Total 2023 Total 2022 Donaiiorts arKI legactes." Oonations frorn Lyjfflpanies. Irusts and similar DortionS from indiwduats 28.1)07 16.4f6 28,CH)7 17.(Y23 68.473 11.862 44,430 Page 10
The 2 Mlnute Foundation Notes to the Financial Statements for the Year End 31 Docombor 2023 3 Income from chaiitsbla actsvrtl8s Total 2022 funds 2023 EnvironTnental proieots Cleaning stattons and servmxs 99.238 84.315 118211 99238 152.893 202.526 4 Incom8 from othertrading aCtivitS funds Totsl 2022 2023 Trading inCme. Shop income from sde of dor]th g(xxJs and servi(Es Salos of gocts and seTrices 214 214 3.426 4,893 8.319 2.443 Page 11
The 2 Minute Foundation Notes to the FlnarKlal statem for trfft Ended 31 Decomber 2023 5 Expenditure om raisiry fitrKIs a) Costs of tradlng a¢tivibes Total 2023 Total Fundraising costs Costs ofgoods sold 1,512 945 1.512 4,853 7.409 2.457 12,262 Exp8ndknTO on chartlable activhi Total 2023 Total 2022 funds Environm[ proj Cleaning stations arKI services 250 116.491 116.741 92276 45.164 113,119 12,337 12 264.118 103.954 18.751 111.454 23.903 830 AIoc2ted 8L5pfM)rt costs S.152 147293 129.143 276.436 Governance costs funds Total 2023 Total 2022 Indept QX2minerfees Page 12
The 2 Minute Foundation Notes to the Financial Slatsmerts for the Year ErKled 31 December 2023 durtng the year. 9 Stsff costs The aggregate pEyrdl costs were as fokn 2023 2022 Staff $ts durfng tho ygar wore: Waw arKI sthies 111,454 113.119 The month5y average numbw of tW50ns (Mduding sonk)r Manag)ent team) emF40y1 by the charity duyw the year expressed as full time wwivalents 05 fot]ows: 2023 No No Admlnlstratlon No employee recewed emoluments of more £60.(KKI durtng the year Page 13
The 2 Minute Foundation Notes to the Financial Statements for the Year Endod 31 Dember 2023 10 Taxallon 11 Tanglble flxod assets Fumknye oqulpm9nt Total At 1 January 2023 Addttsons 2.426 2.426 At 31 Drtber 20Yd 2.970 2,970 Dppyxlatlon At 1 January 2023 ChatYJe for thè At 31 Dmber 2023 691 975 975 1,666 Net book Ydlue At 310ecembw 223 At 31 December2022 12 Stock 2023 stoc*s 13 Debtors 2023 2022 Trade debtors PreEJaym Accru8d inwme VAT recoverdble 679 1273 87 324 8.883 14
Tho 2 Minute Foundation Notes to the Financial Ststements for the Year Ended 31 December 2023 14 Creditors: amunts f811ing due wtthin one year 2022 Trade c¥edrf(ors Other taxation at]d soaal S8ri VAT pW8 2.659 5.161 3.496 850 4.133 9.652 8.653 15 Funds Balan at 31 DKember Balan¢e at Unrestricted ndS Gonardl Unrastiicted Fund 63.071 11YJ.528 (149.7) 14.885 R6Strfctsd funds Restrict] Fund 49.393 99.838 129.143 1.0361 19.052 Total fvnds 111464 2.366 278.893 33.937 Balance at Balanca at 1 IrKomlng Resour$ 31 De¢ombar January 2022 resources oxpèndod 2022 Unréstr1 funds General Unr8Stric*ed Fund 40.310 (184.104} 63.071 Restslded Fd 49.393 Tolal funds 97.e64 291,180 (276J80) 112.464 Page 15
The 2 Minute FourKlation Notes to the Financial Statements for the Year Ended 31 Dewnber 2023 Unrnstrided funds T31 funds Tangibl8 fixed assets Current assets Current118Nes 1.304 42,285 9.652 23.233 19.052 Total net assets 14,885 19.052 33337 17 Relatsd paty transactions Page 16