Charity registration number.. 1185614 The 2 Minute Foundation Annual Report and Financial Statements for the Year Ended 31 December 2024
The 2 Minute Foundation Contents (continued) Reference and Adminislralive Details Trustees, Report 2to5 Statement of Trustees, Responsibilities Independent Examine¢s Report Statement of Financial Activities Balan Sheet Notes to the Financial Statements 10t019
The 2 Minute Foundation Reference and Administrative Details Trustees Emma Thomasson Melvyn John Garrett stuart Spooner Karen Wilson Charity Registration Number 1185614 Principal Office Office 4 The Workshop Belle Vue Lane Bude Cotnwall EX23 8BR Independent Examiner Fruition Advisory LLP 29 Wood Street Slratford-upon-Avon Warwickshire CV37 6JG Page 1
The 2 Minute Foundation Trustees, Report The trustees present the annual reFX)rt together with the financial statements of the charity for the year ended 31 December2024. Objectlves and actlvltles Objects and aiTms To promote conservation, protection and Improvement of the physical and natural environment. To advance the education of the public by providing all Infomialion, advice and raising awareness on issues surrounding waste generation, waste management and waste recycling primarily across the UK and Ireland with global aspirations. Publle beneflt The Iruslees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Achievements and performance Pass It On - Environment81 Education Successfully completed a full year of delivery of the 2 Minute Project for Schools, a programme combining beach-based and classroom environmental education. Delivered to 15 schools, reaching over 1,100 young people aged 5 to 19. Delivered 234 sessions to 158 regular participants through daytime sessions for home-educaled children and after-school Ocean Protectors clubs. Hosted a wide range of events, including adult education workshops, family weekend aclivilies, nighl-lime rockpooling, and eco-craftlmusic sessions in partnership with Bude Library and Global Jamming. Worked with diverse community groups including Bude Carers, Scouts, Cubs, and Beavers, supporting learning and badge wort(. Supported young people with Duke of Edinburgh Award participation, work experience, and lifelwork skills development. Grew our online Bude community, with 400 new members joining our local Facebook group lo improve engagement and outreach. Page 2
The 2 Minute Foundation Trustees, Report Icontinued) Key 2024 Figures". 1,536 individuals engaged through our sessions 325 sessions delivered across all age groups 121 group beach cleans conducted 500kg of litter removed from natural spaces 3,661 environmental education engagements 25 citizen Scien sutveys submitted to national datasets Pickup- Innovation in Environmental Tools Launched the Re.'Ststion design under our eco Re'.Design initiative. Established inlemal manufacturing capabilities and supply chains for production. Delivered 83 litter-picking stations across England, Ireland, Scotland, and Wales milestone in a launch year. a significant Progressed development of the Core product line to offer accessible, enlry-level slalions designed for a variety of locations and user needs. Connect Communities- Awareness, Outreach and Impact Celebrated the organisations 10-year anniversary. Replaced the Petr8nuthnoe Station, which was destroyed by 2 disposable BBQ, through successful community fundraising and awareness-raising. Delivered the 12 Days of Giftmas c8mp8ign in partnership wth environmentally aligned brands. Partnered with Ocean Bottle and environmental influencers for The Coffee Cup Challenge, promoting reusable cup use throughout July. Launched the Heroes and Little Wins campaign to spotlight grassroots environmental changemakers. Oryanised the 2 Minute Roadshow in Torbay- 100+ people joined the beach clean at Goodrington Sands. Co-delivered the Wot1d oan Day Challenge with The Fat Face Foundation. Contributed to sector knowledge by speaking al the South Wesl Marine Ecosystems Plastic Pollution Seminar. Page 3
The 2 Minute Foundation Trustees, Report Icontinued) Participated in national environmental discourse through.. o Two guest podcast features on environmental education and activism., o Six BBC regional radio interviews., o Hosting Monty Halls and family for Generation Sea Change", o Features in Outdoor Swimmer Magazine and the Falmouth University sludenl newspaper. Leadership Transition In 2024, we said a fond farewell to Nicky Green, our CEO Sin 2022 and a key contributor to the charity since 201 S. Nicky played a vitsl role in shaping 2 Minute into the professional, compassionate, and effective organisalion il is today. Adam Hall joined as CEO in 2024. A longstanding supporter, volunteer, and Iruslee of the foundation, Adam has.. Helped deliver the first 2 Minute stations., Presented the 2 Minute Foundation lo the Northern Ireland Houses of Partiament., Been recognised by the Worfd Business Council for Sustainable Development for plastic reduction work. He brings a strategic, impacl-focused mindset and a collaborative spirit, grounded in his deep commitment lo protecting natural environments. Page 4
The 2 Minute Foundation Trustees, Report Icontinued) Financial review Total incoming resources for the year were £264,607 12023.. £200,366), and total expenditure was £290,845 12023.. £278,893), resulting in a nel deficit of £26,238 12023.. £78,527 deficill. The deficit reflects planned expenditure from prior-year restricted funds. Total funds carried forward al year-end were £7,69912023'. £33,937), of which £623 were unreslricled 12023.. £14,885). The financial environment for charities continues to be challenging. However, by focusing on our core charitable objectives and maintaining sound financial management, the charity ends 2024 in a stable and sustainable position. Policy on r8serv8s The charity's policy on reserves is to have 3 months core costs in free reserves and we continue lo work towards this aim. Structure. governance and management Nature of govomiTng documgnt The foundation was registered as an Charitable Incorporated Organisation ICIOI on 4 October 2019 and is govetned by 8 CIO constitution. The foundation commenced it's activities on 1 January 2020. Recrultment and appolntment of trustees Trustees are appointed by the board inviting them furtetview. Once all of the board are in agreement then the Iruslee is appointed. 23 Sep 2025 The annual report was approved by the Iruslees of the charity on and signed on its Melvyn John Garrett Trustee Page 5
The 2 Minute Foundation Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable lo charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable awounting policies and then apply them consistently., observe the methods and principles in the Charities SORP", make judgements and eslimales that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained In the financial stslements,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 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 lo ensure that the financial statements comply with the Charities Act 2011, the Charities IAccounts and Reports) Regulations 2008, and the provisions of the constitution. The Iruslees are also responsible for safeguarding the assets of the charity and hen 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 corporate and financial information included on the charitaempanY'S website. Legislation goveming the preparation and dissemination of financial slatgW8ètrgoos differ from legislation in other jurisdictions. ADDroved bv the trustees of the charity on and signed on its behalf by. Melvyn John Garrett Trustee Page 6
The 2 Minute Foundation Independent Examiner's Report to the trustees of The 2 Minute Foundation I report lo the trustees on my examination of the accounts of The 2 Minute Foundation for the year ended 31 December2024. Responsibilities and basis of rèport As the charity trustees of The 2 Minute Foundation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe Act'i. report in respect of my examination of the The 2 Minute Foundation's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement Since The 2 Minute Foundation's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of ACCA, which is one of the listed bodies. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 1. accounting records were not kept in respect of The 2 Minute Foundation as required by section 130 of the Act., or 2. the accounts do not accord with those records., or 3. the accounts do not comply with the accounting requirements conceming the form and conlenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Michelle Vincent ACCA 29 Wood Street Slralford-upon-Avon Warwickshire CV37 6JG 2310912025 Page 7
The 2 Minute Foundation Statement of Financial Activities for the Year Ended 31 December 2024 Unrestricted funds Restricted funds Total 2024 Note Incomg and Endowments from: Donations and legacies Charitable activities Other trading activities 66,462 66,410 749 66,462 197,396 749 130,986 Total Income 133,621 130,986 264,607 Expenditure on: Raising funds Charitable activities 155SI 147,327 15561 290,289 142,962 Total Expenditure 147,883 142,962 290,845 Net movement in funds 114,2621 111,976} 126,2381 Reconclllatlon of funds Total funds brought forward 14,885 19,052 33,937 Total funds carried forward 16 623 7,076 7,699 Unrestricted funds Restricted funds Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Total income 44,430 53,655 2,443 600 99,238 45,030 152,893 2,443 100,528 99,838 200,366 Expenditure on: Raising funds Charitable activities 12,4571 147,293 12,4571 278.436 129.143 Total expenditure 149,750 129,143 278,893 Net expenditure Gross transfers beeen funds 149,2221 1,036 129,3051 1,036 178,5271 Net movement in funds 148,1861 130,3411 178,5271 Reconciliation of funds Total funds brought forward Total funds carried forward 63,071 49,393 112,464 16 14,885 19,052 33,937 All of the charity's activities derive from continuing operations during the above periods. The funds breakdown for 2023 is shown in note 16. The notes on pages 10 to 19 form an integral part of these financial statements. Page 8
The 2 Minute Foundation (Registration number: 1185614 Balance Sheet as at 31 December 2024 2024 2023 Note Flxed assets Tangible assets Current assets Stocks Debtors Cash at bank and in hand 423 1,304 12 9,030 4,039 29,216 9,081 7.076 16,157 42,285 Creditors: Amounts falling due within one year 14 8,881 19,652 Net current assets 7,276 32,633 Net assets 7,699 33,937 Funds ofthe charty: Restricted income funds Restricted funds funds 7,076 19,052 Unrestricted income fund$ Unrestricted funds funds 623 14,885 Total funds 16 7,699 33,937 23 Sep 201&e financial statements on pages 8 to 19 were approved by the trustees, and 8Uthorised for issue on and signed on their beh81f by.. Melvyn John Garrett Trustee The notes on pages 10 to 19 form an integral part of these financial statements. Page 9
The 2 Minute Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 1 Aeeounting policies Statement of compliance The financial statements have been prepared in accordan with Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Basis of preparation The 2 Minute Foundation meets the definition of a public benefit entity under FRS 102. The accounts (financial stalemenlsl have been prepared under the historical cost convention with items recognised al cost or transaction value unless otherwise staled in the relevant notelsl lo these accounts. Going concern The trustees consider that there are no material uncertaints'es about the charity's ability lo continue as a going concern. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entillemenl to the income, il is probable that the income will be reiVed and the amount can be measured with sufficient reliability. Donations and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Expenditure All expenditure is recognised On there is a legal or conslruclive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated lo the applicable expenditure heading that aggregate similar costs lo that category. Where costs cannot be directly attributed lo particular headings they have been allocated on a basis consislenl with the use of resources, with central staff costs allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raising funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Page 10
The 2 Minute Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 (continued Charitable activitiTgS Charitable expenditure comprises those costs Incurred by the charity in the delivery of ils activities and services for ils beneficiaries. It includes both costs that can be allocated directly lo such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resour$, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Governance costs These Include the costs attributsble lo the charity's compliance with conslilutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finan Act 2010 and therefore il meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from laxalion in respect of income or capital gains reiVed within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such Income or gains are applied exclusively lo ch8ri18ble purposes. Tanglble flxed assets Individual fixed assets costing £200 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreclatlon and amortlsatlon Depreciation is provided on tsngible fixed assets so as lo write off the cost or valuation, less any eslimaled residual value, over their expected useful economic life as follows.. Asset class offi equipment Depreciation method and rate 3 Years Straight Line Stock Stock is v81ued at the lower of Cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, firsl-oul IFIFOI. Trade debtors Trade debtors are 8mounls due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially al the transaction price. They are subsequenuy measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according lo the original terms of the receivables. Page 11
The 2 Minute Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 (continued Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject lo an insignificant risk of change in value. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, al the end of the reporting period, lo defer settlement of the creditor for al least elve months after the reporting dale. If there is an unconditional right to defer settlement for at least elve months after the reporting date, they are presented as non-currenl liabilities. are recognised Inilialty at the transaction price and subsequently measured at amortised cost using the effective interest method. Fund Structure Unreslricled income funds are general funds that are available for use al the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Pensions and other post retirement obligations The charity operates a defined contribLJtion pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or consttuctive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating lo employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. 2 Income from donations and legacies Unrestrlcted funds funds General Total 2024 Total 2023 Donations and legacies., Donations from companies, trusts and similar proceeds Donations from individuals 54,380 12,082 54,380 12,082 28,007 17,023 66,462 66,462 45,030 Page 12
The 2 Minute Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 (continued 3 Income from charitable activities Unrestricted funds Restricted funds Totsl 2024 Total 2023 General Environmental projects Cleaning stations and services 130,986 130,988 66,408 99,238 53,655 66,408 66,410 130,986 197,396 152,893 4 Income from other trading activities Unrestricted funds General Totsl 2024 Total 2023 Trading income., Shop income from sale of donated goods and servi$ 749 749 214 2,229 Sales of goods and services 749 749 2,443 Page 13
The 2 Minute Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 (continued S Expenditure on raising funds a) Costs of trading activities Unrestricted funds Total 2024 Total 2023 General Fundraising costs Costs of goods sold 556 556 1,512 945 556 556 2,457 6 Expenditure on charitsble activities Unrestricted funds Restricted funds Total 2024 Total 2023 General Note Environmental projects Cleaning stations and services Staff costs Allocated support costs Governance costs 23,902 23,902 30,052 22,921 67,900 22,921 186,960 23,508 198,143 119,060 55,494 1,012 55,494 1,012 23,903 830 147,327 142,962 290,289 276,436 Page 14
The 2 Minute Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 (continued 7 Analysls of governance and support costs Charitsble activities expenditure Unrestricted funds funds General Total 2024 Total 2023 Staff training Depreciaition Insurance offi expenses Advertising Accountancy Consultsncy Legal fees Bank charges Foreign exchange 1,519 881 1,336 22,667 712 14,960 12,628 1,519 881 1,336 22,667 712 14,960 12,628 811 975 1,367 13,317 3,825 1,573 1,217 281 510 281 510 819 55,494 55,494 23,904 Governance costs Unrestricted funds Total 2024 Total 2023 General Independent examiner fees 1,012 1,012 1,012 1,012 830 830 8 Trustees remuneration and expenses No trustees, nor any persons connected with them, have reiVed any remuneration from the charity dLJring the year. No trustees have reiVed any reimbursed expenses or any other benefits from the charity during the year. Page 15
The 2 Minute Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 (continued 9 Staff Costs The aggregate payroll costs were as follows.. 2024 2023 Staff costs during the year were: Wages and salaries Social security costs Pension costs 172,629 10,470 3,861 182,452 11,421 4,270 186,960 198,143 The monthly average number of persons (including senior management I leadership leaml employed by the charity during the year expressed as full time equivalents was as follows.. 2024 No 2023 No Administration Contributions to the employee pension schemes for the year tolalled £3,86012023 - £4,270). No employee received emoluments of more than £60,000 during the year Page 16
The 2 Minute Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 (continued 10 Taxation The charity Is a registered charity and is therefore exempl from taxation. 11 Tanglble flxed assets Furniture and equipment Total Cost Al 1 January 2024 2,970 2,970 Al 31 December 2024 2,970 2,970 Depreciation Al 1 January 2024 Charge for the year 1,666 881 1,666 881 Al 31 December 2024 2,547 2,547 Net book value Al 31 December 2024 423 423 Al 31 December 2023 1,304 1,304 12 Stock 2024 2023 Stocks 9,030 13 Dgbtors 2024 2023 Tde debtors Prepayments Accrued income VAT e0Verable 2,700 874 5,707 2,000 679 1,273 87 9,081 4,039 Page 17
The 2 Minute Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 (continued 14 Creditors- amounts falling due within one year 2024 2023 Trade creditors Other taxation and soci81 security VAT payable Other creditors Accruals 1,360 3,536 153 782 3,050 8,881 2,659 5,161 982 850 9,652 15 Pension and other schemes Defined contribution pension scheme The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £3,861 12023 £4,270). 16 Funds Balance at 31 December 2024 Balance at 1 January 2024 Incomlng resources Resources expended Unre$trieted funds funds General Unrestricted Fund 14,885 133,621 1147,8831 623 Restricted funds funds Restricted Fund 19,052 130,986 142,962 7,076 Total funds 33,937 264,607 1290,8451 7,699 Balance at 31 December 2023 Balance at 1 January 2023 Incoming resources Resources expended Transfers Unrestricted funds funds General 63,071 100,528 1149,7501 129,143 1,036 14,885 Restricted funds funds 49,393 1,036 19,052 Total funds 112,464 200,366 1278,8931 33,937 Page 18
The 2 Minute Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 (continued 17 Anatysis of net assets between funds Total funds at31 December 2024 Unrestricted funds funds General Restricted funds funds Tangible fixed assets Current assets CLJrrent liabilities 423 9,081 8,881 423 16,157 8,881 7,076 Total nel assets 623 7,076 7,699 Total funds at31 December 2023 Unrestricted funds funds General Restricted funds funds Tangible fixed assets CLJrrent assets Current Iiabililies 1,304 23,233 9,652 1,304 42,285 9,652 19,052 Total nel assets 14,885 19,052 33,937 18 Related party transactions There were no related party transactions in the year. Page 19