REGISTERED COMPANY NUMBER". 12315756 (England and Wale$) REGISTERED CHARITY NUMBER.. 1187420 ort of the Tr ees an Unaudlte Flnan ststements the Year Ended 30 N mber 2024 onc etmor Two Rivers A¢¢ountancy 38 Eton Wick Road Eton Wick Windsor Berkshire SL4 6JL
Carbon Co ork Re ort of the Tru ees for th ear Ended 30 November 2024 Chalr's Introduction Our big challenge - one thal Carbon Copy shares with many dlfferent organlsation8 In our collabor81ive work - is how do we contribute lo tipping the scales towards sustainability in thè UK? How do we not only lessen the negative trends {on carbon emis5ion$ and biodiversity Ioss, water and air pollutlon, excessive consumption and waste) but reverse them? Carbon Copy has bean working on a new narrative that will get us closer. To reach thls point, we have to move beyond a committed minority to an engaged maJorily of the population. While others have made vltal progress by comrnunl¢ating the science-led facts and consequences of Climate change. and by campaignlng for a more positive policy environment, collectively we have still fallen behind our Climate and nature targets. I would argue that one of thè reasons for this is becaus8 we have not suffSeiently engaged the broader population., b6¢8use communication has been more about rising temperatures and mlssed targets, and less about meeting needs. Transllionlng to low-carbon1Sving and regenerating our nature-dgpleted surroundings are a boon, not a threat, to locgl economies and to everyone's wellbeing,. creating more jobs, ImprovSng our physical and mental health, taking more people into a néw era of mobillly and life quality. At Carbon Copy, we strive lo tell the narrative of how such a Iransltlon can Improve our daily livès and address everyday ne8ds', to reframe collective action as an opportunlty we can all grab rlght now, where w6 Ilve. But we are runnin9 Out of lime. Nonelh61ess, there Is still reason for optlmism. D8SPlte some politioal headwinds and the signlflcant rlsk of alienating people through poor Smplementatlon of good policies, we already have most of the solutlons. There is ovemhelming evidence of huge potentlal gain8 that could be enjoyed by the majorlty of thé population - by transillonlng lo ircular, zer¢>carbon, ecosyslem-conservlng, economlc development, The Iran5111on Is happenlng.. It's a matter of speed end scale to reach the tipplng polnl. The future Is here, It's just not evenly distrlbuted. AS we can see from the climate actlon storles people share on Carbon Copy, the thlngs that will be normal in the future already exist Sn places around the UK today. Most of what will conslilute large-scale change, al least in the near term, is the repllcatlon of what's working and the spread of these exSstlng nlches to become country wlde. W8 have a window of opportunlty to communlcate a different narrative, about big-thlnking local action for cllmate and nature, to a receptive and climate-concerned majority. We've worked tirelessly this year lo develop more ¢ompelling stories and to be more inventive in how we reac our intended audience. l am incredibly grateful for all the hard work and dédication of our core team and Board of Trustees, as well 25 for the guldance from our advisory board. In the popular words of Margaret Mead, "Never doubt that a small group of thoughtful, committod citizens can Change the world. Indeed, It's the only Ihing that ever ha5" Rlc Casale Chair Page 1
Carbon Co Network ort of the Trustee for the Y r Ended 30 November 202 OBJECTIVES AND ACTIVITIES Mission Carbon Copy's misslon is to inspire and empower more people to take local cllmate action, to accelerate our ¢olleclive response to the climate and biodiversity crlses. Our work is dedlcated to speeding up progress towards a Carbon zero and nature positive future through organisations worklng together. We bring together th8 Sdeas and initiatives needed lo accelerate cllmate action. connecting local communltles, councils and companie8 who share the goal of 8 Sustainable future. Actlvities The charity achieves its objectives through a wlde rang8 of activities, Includlng.. Developlng and promollng 8 national collection of high-impact, low-carbon slori8S', Publicising and maintaining local area resources that include olimat8 action plans and progre8S, local warming stripes, and local emisslons. Publishing information and advice., Publishlng a newsletter for subscrib8rs', Hosting talks and podcasts,. Activating hSgh-Impact event8. Obleet$ and Publ1¢ boneflt Carbon Copy's founding object, as set out in the charlty's governing document, Is.. The promotion for the benefll of the public of the conservation, prote¢llon and Improvemenl of the physical and natural environment, in particular by ralslng awareness of lh8 Causes and Impact of climate change,. and encourgging practical steps to reduce atmospheric carbon dloxlde levels and mitlgate the effects of climate change, Page 2
Carbon Co Network Re ort of the Truste for the Year Ended 30 November 2 24 ACHIEVEMENT AND PERFORMANCE Achievements and Performance 1000 Cllmate Action Stories Carbon Copy is now one of the largest searchable collections of climate action success stories in the UK, a vltal free resource not just for local communities, councils and businesses, but Increasingly for researchers and eentral governm8nt departments compiling evidence of the breadth and Impact of local climate initiatives. As a result of our ongoing work with project leaders and collaborations with different organisations, around a thousand organisalions have now published th@Ir climate action Initiatives with Carbon Copy and we've made over 100,000 connectSons beeen different people. We continue to manage and invest in this national self-publishing platform,. lo make it more easlly accessible and searchable, so these stories build a groundswell of collective local action through Ihe Inspiring example of others. Placemaklng Carbon Copy's Intere1ve map of the UK, with 380 local area pages, Ss a unique tool that provides easy access to key information about local ambilion and action plans that address the climate emergency. By connectlng people with the places they love, we encourage groups and organlsallons lo work together in shaping the world around them. We expanded Ihls local 8rea resour¢e thls year, by co-creatlng the latest local cllmate warmlng strlpes; by publishing all publicly-available cllmate and biodiverslly action plans,. and by sharlng 380 Council Climat8 Acllon Scorecards. To dale, we've had around 50,000 vlsStors and 2,500 dSrect action8 from people vlslting this Carbon Copy placemaklng htsb, Carbon Copy Pod¢a8t From its early days as an exciting oollaboration wlth Planet Pod, the Carbon Copy Podcast has grown in audience and establlsttsd Itself as a voSee of big-thinking local acllon for climate and nature In the UK. Through powerful storles from the people behind the proJects, the pod Inspires, moves and motivates Ilst8ners to take actlon in Ihelr own local communitles. Thls yèar was partlcularly important for the Carbon Copy Podcast, as we provided a contrasling narrative lo the faltering progress of national climate policy. Our monthly average of 400 podcast downloads took off in 2024. According to the latest figures, we ar6 now in the top 25Q/o of all podcasts worldwide, based on the number of downloads 8¢hleved for several episodes wlthin the first week of release. Campalgns Carbon Copy launched a full calendar of campaigns in 2024, building on the successes and partnerships from previous years and promoted across Carbon Copy medla and soclal channels, in order lo connect with 8 wider audience on climate and nature Ihrough different tOPlC5 and themes that matter most to them. Together, these Campaigns have supported the ongoing refresh of our national collection of climate action storie5, nearly 4,000 pod¢8St downloads and over 200,000 social vldeo vlews. Running Out of Tlme Over the last three years, Carbon Copy has been raising awareness and engaging different peopl& in local climate action through culture - with a particular focu8 on sport and on a n)ass participation event called 'Running Oul of Time, and has enjoyed an Incrsdible and high-impact partnership with The World Relay. Page 3
Carbon Co Network ort of the Trustees for the Year ed 30 November 2 As th8 official podcast of Runnlng Out of Time in 2024, Carbon Copy covered the entire event during June and early July. Over 20,000 relay participants covered different parts of the 2,400km journey. cheered on by large crowds at each stage., highlighting amazing Glimate action projeGIs along the route in Scotland, Wales and England. Over 80 % of participants claimed that Running Out of Time wanted to make them do more to address the ¢llmate crisis, and two-fifths pledged to take a local communily actlon for climate and naltsre. FINANCIAL REVIEW Flnancial review Despite th& tough economic 8nvlronment in the UK, Carbon Copy enjoyed another successful year of operations wllh total income of £200.901 {2023- £160,231) derived prlmarily from grant Income. Total expenditur8 for the year was £202,271 an inorease of £32.226 versus prior year. Thls Increase was due in most part to investment in the Garbon Copy Podc881, with 40 new 8pisode$ released in 2024. We maintained a core staff of full-tlme employees and worked with agencles and partner orgar)isations to ampllfy Carbon Copy's Impact whilst offsetting further operating c08t8. C88h flows and cash flow forecasts are closely monitored by the Trustees to ensure that the charlty aiways has enough funds to meet Ils liabilities as they become due. At the year end, unr8Stri¢ted funds stood at £52,929 and £50,554 was held as worklng capllal in the charlty's bank acoount. Buildlng or) our unique publlshlng platform, synergl8s with partners and the growing mom6ntum behlnd lo¢al climate acllon, we believe the range of opportunities wlll oontlnue to expand, strengthening our charity's potential cash flows and future revenue mlx. On thls basis, the Trustées are confident that Carbon Copy remains a golng eoncern. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by Its governing document, the Memorandurn and Articles of Assoclation, and constitutes a limited ¢omp8ny, limited by guarantee, as defined by the Companles Act 2006. The Board of Trustees are directors for the purposes of company law and Trustees for the purposes of charlty law. Under the Memorandum and Artlcles of Associatlon, the term in office of each Trustee expires after three years and they may offer themselves for re-election. New Trustees aro appointed under special resolution by a Board meeting. During 2024, the Board re-elected one of the prevlous Trustees whose term had expired and recruited a new trustee lo the board. The team structure has been appropriate for the activities undertaken by the charity thi$ year and will be adjusted as needed, in line wlth future plans. In 2024, the Trustee5 consulted Carbon Copy advisors when needed, to provide input and advlce on selected programm6s implemented by the Trustees and other tearn members. Risk assessment and managemenl is managed under the charity's Risk Managem6rit Policy and rèvlewed regularly at meetings of the Board of Trustees. Charlty con8tltution The Gharity is a charitable company limited by guarantee. It was incorporated on November 14, 2019 and changed its nam8 to Carbon Copy Nebmork Iwlth trading name, Carbon Copy) on January 16, 2020. It is governed by its Memorandum and Articles of Association. Page 4
Carbon Co Network ort of the Trustees forthe Year Ended 30 ovember 2024 Carbon Copy places great importance on the security of data and personal information. For information on how the charity uses and protects personal data, please see our privacy policy. https:Ilcarboncopy.e¢olprivacy-policy REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 12315756 (England and Walès) Registered Charlty number 1187420 Registered offl¢e 38 Eton Wick Road Eton Wick Windsor Berkshire SL4 6JL Trustees R Casale H B Allen ADKnott R E C Gerrard (appointed 1.10.24) C M Jaksch The Trustees who are also directors of the charlly for the purposes of th8 Companles Act 2006, present thelr report wSth the financlal stalements of the charlty for the period December 1, 2023 to November 30, 2024. The Trustee8 serving slnce the end of the prlor year and durlng the year were as follows.. Riccardo Casale (Chair of Board of Trustè8$) Andy Knott {Chalr of Advlsory Board) Hesther Allen Ruth Gerrard Claudia Jaksch Key team members since the end of the prlor year and during the year were as follows.. Isabelle Sparrow Y88min Redfern Independent Examiner Two Rivers Accountancy 38 Eton Wick Road Eton Wick Windsor Berkshire SL4 6JL Page 5
Carbon Co Network ort of the Trustees for the Year Ended 3 November 2024 REFERENCE AND ADMINISTRA TIVE DETAILS Prlncipal Bankers Starling Bank 2 Flnsbury Ave London EC2M 2PP Approved by order of the board of trustees on 31 January 2025 and signed on it8 behalf by.. R Casal8 - Trustee Page 6
Inde endent Examiner's Re Carbon Co Network ort to the Truslees Indep6ndent examlner's report to the trustees of Carbon Copy Network I'the Company'l I report lo the charity Iruslees on my examination of the accounts of the Company for the year gnded 30 November 2024. R8sponslbilities and basis of report A5 the charity's Irustees of the Company land a150 ils directors for the purposes of Gompany law} you are responsible for the preparation of the accounts in accordance With the requirements of the Companies Act 2006 ('the 2006 Act'i. Having satlsf18d myself that the accounts of the Company are not required lo be audlted under Part 16 of the 2006 Act and are eligible for independent examination, I report in respeGt of my examination of your charity's accounts as carried out undér Section 145 of the Charities Attt 2011 ('the 2011 ACV). In carrying out my examinalion I have followed the Dlrecllons given by the Charity Commission under Section 14515) (b) of the 2011 A¢t. Independent 8xamlner's Statement I have Completed my examination. I confirm that no matters have come to my attenlion In connection wllh the examlnation giving me causè lo believe.. accounting records were not kept In respect of the Company as requlwd by Section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not oomply wlth the accountlng requirements of Section 396 of the 2006 Act other than any rèquirement that the accounts glve a true and fair vl6w which Is not a matter onsidered as part of an independent examlnalion., or the accounts have not been prepared In accordance with thè methods and prlnclples of th8 statement of Recommended Practlce for accounting and reportlng by Gharities {appllcable to charities preparlng thelr accounts in accordanee with the Financlal Reportlng Standard appllcable in the UK and Republlc of Ireland IFRS 102}). I have no concerns and have come across no other matters In connection th the examlnation to which attenllon should be drawn In this report In order to enable a prop&r understanding of the accounts to be reached. Delia Allott Two Rivers Accountancy 38 Eton Wick Road Elon Wick Windsor Berkshire SL4 6JL 31 January 2025 Page 7
arbon Co Network Statement of Financlal Activities for the Year Ended 30 N ember 2024 30.11.24 Unrestricted fund 30.11.23 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 200,801 160,231 Other Income 100 Total 200,901 160 231 EXPENDITURE ON Charltable activltles Accelerating knowledge transfer and mom&ntum on local climate action 188,574 145,224 other Total 202 271 170,045 NET INCOMEIIEXPENDITURE} (1,3701 (9,814) RECONCILIATION OF FUND8 Total funds brought forward 54,299 84,113 TOTAL FUNDS CARRIED FORWARD The notes form part of these financial ststements Page 8
arbon Co Balance Sheet 30 Nove ber 2024 30.11.24 UnrestriGted fund 30.11.23 Total funds FIXED A8SETS Intangible assets Tangible assets Notes 3,202 872 16,624 993 4,074 17,617 CURRENT ASSETS Debtors Cash at bank 357 50,554 37,283 CREDITORS Amounts falllng due wllhln one year (1,699) (601) NET CURRENT ASSETS 48.855 TOTAL ASSETS LESS CURRENT LIABILITIES 52,929 54,299 NET ASSETS 52,929 FUNDS Unrestricted funds 10 TOTAL FUNDS 52,929 The charltable company Is entitled to exemption from audit under s810n 477 of the Companies Act 2006 for the year ended 30 November 2024. The members hav8 not required the comp8ny to obtain an audit of its financlal statements for the year ended 30 Novemb&r 2024 in accordance with Section 476 of the Companles Act 2006. The trustees acknowledge their responslbilities tor (a) ensuring thal the charitable company keeps accounting records that comply with Sections 386 and 367 of the Companies Act 2006 and Ib) preparing financial statements whlch give a true and fair view of the state of affalrs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance wilh the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statemenls Page 9 ontinued...
Carbon C Network Ba18nGe Shee continued 30 ovember 2024 These financial statements have been prepared in accordance with the piovisions applicable to charitable companies subject to the small Gompanies regime. The flnancigl statements were approved by the Board of Trustees and authorlsed for issue on 31 January 2025 and were signed on its behalf by.. R Casalè - Trustee Th8 notes form part of these financlal statements Page 10
Carbon Co Network Notes to the Financial Statements for the Year Ended 30 ovember 2024 ACCOUNTING POLICIES Basis of preparlng the flnancial statements The financial statements of the charllab18 company, which is a public benefit entlly under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Reporting by Charit18s'. Statement of Recommènded Practice applicable to charities preparing their accounts in accordanc8 Wlth the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019),, Flnancial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companles AGt 2006. The flnancial statements have been prepared under the histori¢al cost convention. Income All income18 recognised in the Statement of Financlal Activities once th8 charity has entitlement to the funds, it Is probable that thg income will be received and the amount can b8 measured rellably. Expendlture Llabilities are rÈcognised a8 expendlture as soon 8S ther8 is a legal or ¢onslructiv@ obligatlon committlng the ch&rity to that expendlture, It is probable that a transfer of economlc benèfits will be requlred in settlement and the amount of th8 obligation can be measured reliably. Expenditure is accounted for on an accruals basls and has been classified under headlngs that 8ggr69gte all cost related to the cat8gory. Wher8 ¢OSts cannot be directly attributed to particular headlngs Ihey have been allocated to acllvltiés on a b8818 consistent wlth the use of resources. Intanglble assets Patsnts and Ilcences Include IP rights and are b8lng amortls8d over 10 years. Computer soare Sncludes the co$t8 of developing the charltles webslle and vlrtual hub. Thèse costs are belng amortlBed over 5 years. Tangible flxed assets Depreclation is provlded at the followlng annual rates in order lo write off each asset over Its estimated vseful life. Flxtures and fittlngs 20Yo on cost Taxatlon The charity Is exempt from corporatlon tax on its charitable activities. Fund accountlng Unrestricted funds can be used in accordance wllh the charitable objeiveS at the discretlon of Ihe trustees. Restricted funds can only be used for particular reslricled purposes within the objects of the charlty. Restrictions arise when specifi'ed by the donor or when funds are raised for particular restricted purposes. Penslon costs and other post-retlrement beneflts The charitable company operates a defined conlribution penslon scheme. Contributions payable lo the charitable company's pension scheme are charged to the Stalemenl of Financial Activities in the period to which they relate. Page11 continued...
Car onco Network Notes to the Financial Statemen onlinued f the Year Ended 30 ovember 2024 NET INCOMEI{EXPENDITUREI Net incomel(expenditure) Is stated after chargingl(¢rediting)'. 30.11.24 30.11.23 Depreciation - owned assets Patents and Ileences amortisation Computer software amortisation 274 294 248 295 13,127 TRUSTEES, REMUNERATION AND BENEFITS There wore no trustees, remuneration or Dther benefits for the year ended 30 November 2024 nor for the year ended 30 Novemb8r 2023. Trustoes, exp&nses Trustees expenses conslsled of expenses Incurred carrylng out charltable acllvitie8, such as Iravelling, and were not malerlal In terms of the amounts involved. STAFF COST8 The average monthly number of employèes durlng the year was as follows,. 30.11.24 Management 30.11.23 No employees re¢elved émoluments In excess of£80,000.
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Carbon Copy is a UK charity inspiring mor:e big-thinking local action for climate and nature. Carbon Coby is o r£gistered charity in England and Wales 1187420 and a company limited by guarantee rogiste in Englond ond'Wal¢E 12315756.