REGISTERED COMPANY NUMBER: 12315756 (England and Wales} REGISTERED CHARI NUMBER: 1187420 rtof tees and udited Financial Stat for the Perio(11 mber 2024 to 31 D mber 2025 nco Two Rivers Accountancy 38 Eton Wick Road Elon Wick Windsor Berkshire SL4 6JL
Carbon Co Network Content$ of the Financial Statements for the Period 1 Deeember 2024 10 31 December 2025 Page Report of the Tru¥t Independent Examinevs Report ststement of Financial Activities Balance Sheet 9 to 10 Notes to the Financial Statements 11 to 16
Carbon Co Nelwork istered number. 12315758 Re ort of the Trustees for the Period 1 December 2024 to 31 December Chalrfs Introductlon National progress to address the dimate crisis is neither smooth nor inevitable. The Climate Change Committee's May 2025 progress report on the UICS adaptalion to climate change found a laek of action, and a lack of plans to take action in the future. According lo the 2025 Council Climate Acts'on Scorecards, onty 16% of councils appear to be on track lo meet their 2030 net zero tsrgets. Thi5 is the realistic eonlexl in which we celebrate the power of local collective climate action. which in many ways leads the UK govemment's response to the climate and environment emergencies. At Carbon Copy. we believe tackling the climate crisis is forem051 a communicalions challenge. not a technical one. Technically, we already know vthat to do. The Challenge isnl invention, ivs inspiration. It's less about net zero policy targets and more about improving daity lives. We are inspired all Ihe time at Carbon Copy by the community across the UK who share their experiences, advice and stories with olhefs through us. We read their stories on our publishing platromi. tslk with them on the Carbon Copy Podcast. leam from them in our research. As charity, our Challenge is lo spread this inspiration so more people are moved to action. In 202S. we set OLrt and achieved $omethlng never attempted before by Carbon Copy. We ran a non-stop campaign for $2 weeks, titled '25 Big Local Actions in 2025,. with the spollighl on a drfferènl, insplring big local action every two vffjeks. Twenty-five different kinds of collective action were promoted in total across Carbon Copy media channels, connecknng with people through the topics and themes that matter most to them. We were delighted by the ongoing campaign support provided by WWF UK. The Carbon Literacy Project and Climate Emergenty UK. who worked with us to inspire mofe collectiv8 big local actions for climate and nature. The campaign included contributions from over 100 people representing community organisations, ¢ouncils. businesses, eharities, social enterprises and political groups; sharing their thoughts, expeflen¢es and advice aboui the power of joining together locally to make change happen. This inf(iative has underpnned the continuing growth of Carbon Copy's national collection of limate action stories, seen over 5,000 podcasl downloads and resulted in over SO.000 direct engagements wlh our content on social media. In addrtion to the impact of these big local actions on the ground. all these accounts of energetic. committed and effective colkntive action that we share on CC also send a strong message to local and national govemments as to what the UK population thinks is important. The impact of our own work has been overnvhelmingty positive. Over 150,000 people from organisations across the public. private and third sectors have now used our website to learn more about local climate action., 89% of sueY participants find Carbon Copy's online resources useful in taking collectNe action for climate and nabjre. Page 1
Carl)on Neh¥ork istered number.. 12315756 of the Trustees ri¢xI 1 December 2024 10 1 December 2025 l am incredibly grateful for all th8 hard work and dedication of our core team and the Board of Trustees, as well a$ for the guidance from our advisory board. Together. they show how big a difference a small team can make. Rlc Casalo Chair OBJECTIVES AND ACTMTIES Mlsslon Carbon Copy's mission 1$ to inspire and empower more people to take local climats action. lo accelerale our collective response to the climate and biodiversity cris85. Our work Is dedicated to speeding up progress towards a carbon zero and nature positive future through organisatsons working together. We bring together the ideas and initiatives needed to accelerate climate action., connecting local cofflmunibes, counGil$ and companies share the goal of a sustainable futuro. Actlvltles The charity achieves its objectives Ihrough a wbje range of aclivrfies. induding.. Developing and promoting a national colle¢tion of higlFimpact. low-carbon stories: Publi¢ising and maintaining local area r¢sour¢es that include climate action plans and progiess, local warming stripes, and local emissions. Publishing information and adviee.. Publishing a newsletter for subscribers- Hosting talks and podcasts., - AGtivating hIglmpaCt events. Objects and Publlc b8nefrt Carbon Copy's founding object. as set out in the charivs govemir¥J document, 1$.. The promotion for the benefrt of the publi¢ of the conservation, protection and improvement of the physical and natural environment, in particular by raising awareness of the cause5 and Impact of climate change.. and encouraging practical steps lo reduce atmospheric carbon di0xe levels and mitigate the effects of climate change.
Carbon Co Nelwork istered number. 12315756 rt of the Trustees for the Period 1 December 2024 0 31 December 2025 ACHIEVEMENTS AND PERFORMANCE Achievements and Performance As we pass the halfvtsy point in this 'decade of action.. the following is a reftection of our Chari$ irnpact sinee we were founded in 2020. Cllmate Actlon Storles Carbon Copy is now one of the18rgest searchable colle¢lions of dimate action su¢¢ess stor¢es in the UK, a vital free resource not just for local communities. councils and businesses, but also for researchers and central govemment departments compiling evidence of the breadth and impact of local climate initiatives. There is enormous diversity across the organisations and groups Who shared their stories. The initiatives may be big or small in reach. bul there's aVayS something that is lor could be) transfomiational. Our publishing platform 1$ proven and purpose-buiti for local. Il's free to use. open access and non-commerclal. From the feedback received from project owners. the hub works realty well for People looking to share their high-impact, Iow-carbon inttiatives as V11 as for those who want to copy great ideas. Hundreds of organisations have now published their climate action initiatrrfes with Carbon Copy and made over 100,000 connections. In 2025. we continued to manage and invesl in thls national sew-publishing platform,. to make it more easily a¢¢essible and searchable. so these stories build a groundswell of Goll8¢live local action through the inspiring example of others. Placemaklng Carbon Copy's intaractrve map of the UK. ryth 380 local area pages. provides easy access lo key information about lo¢al ambition and action plans that addre$$ the climate emergency. By onnecting people Yth the places they love. encourage groups and organisations lo wo together in shaping the wortd around them. Recent additions to Ihis useful resource indude.. Covcreating the latest local climate waming stripes for every UK county, produ¢lng a visual pattern of climate change in each local area., • collaborating mysociety to automate the publication of all the latest local climate action plans and plans for nature that are in the public domain: and working with Climate Emergency UK to connect the plans we publish to their evaluations, so il's easier to check how lo¢al councils are performin9 in tackling the climate and nature crises. To date. we've had around 50.000 visitors and 2.500 direct actions from people visiting this Cafbon Copy placemaking resource. Carbon Copy Podcast From its early days as an exciting collaboration wilh Planet Pod, the Cartv)n Copy Podcast has grown in audience and established itself as a voice of big-thinking local action for climate and nature in the UK. Through powerful Stories from the people behind the proje¢ts. the pod inspires. moves and molNates lisleners to lake action in their own loeal communtbes. Page 3
Carbon Co Nefyvork istered number.. 12315756 Re rt of the Trustees for the Pericrtj 1 December 2024 to 31 December 2025 There is a real p(Th¥er in words and expanding from written to spoken wrd through pod$ting refiects the challenge (and opportunity) to connect wilh people who a busy with daily life. Delivering content through audio means we can ach those who are on the go and the longer form {vs social media) enables us to deliver more high44ualty. detailed and useful infomiatM)n. In 2025. we covered 25 drfferent kinds of big tocal action in a year-long podcast series, Oo Something Bigger. Covering themes from renewable energy to reklllg, and working wth high-profile guest ¢hOStS $u¢h as Joanna Yarr¢)w and Daniel Webb, the series generated a high level of audience engagemenl yth nearty 500 podcast downloads on average per month. A¢¢ording to the latest figures. the CartM)n Copy Podcast is now In the top quartile of all podcasts worldwide, based on the number of downloads achieved ytrIlA the first week of releasing new episode$. Flagshlp Programme & PartnerJhlps As mentloned in the Chairfs Introduction, Carbon Copy launched an ambllous fulkyear campalgn in 2025. with the support of WWF UK. The Carbon Literacy Project and Climate Emergency UK. In turn, we supported the work of these organisatnS. During our 2025 flagship programme. we alvjned our ¢0MMended naturevbased actions wth WF UK wherever possible. We rfrorganised our national collection of clSmate action stories by sectors that frt wth The Carbon Literacy Project, so they can be a¢¢e$sed more readily in Carbon LileraGy workshops. And we highlighted Climate Emergency UK $¢ore¢ards, $0 our online visito could assess how their local area is performirvJ against the 'be8t in class,. FINANCIAL REVIEW Flnanclal revlew Despite the tough economic environment in the UK. Carbon Copy enjoyed another sU¢¢efvl year of operation$ wilh total Income of £240.307 (2024 - £200,902) derive(I primarity from granl Income. Total expenditL¢re for the year was £223.561 an increase of £21,290 versus prior year. Thls increase was due in most part to commissioning new research that will be published in Q1 2026. We maintained 8 core stsff of three employees and worked with agencies and partner organisatlons to amplrfy Carbon Copys impact thilst offsetting fvrther oper*ing costs. Cash flows and Gash flow forecasts are dosely monitored by the Truslees lo ensure that the charity avaYS has enough funds to meet its liabilities as they be¢ome due. Al the year end. unrestricted funds stood at £69,675 and £68,716 was held as working capital in Ihe charity's bank account. Building on our synergies with partners and the growing m¢)mentum behind local climate action, we believe the range of opportunf(ies wll expand our charivs revenue mix and strengthen cash flows. On this basis. Ihe Trustees are confident that Carbon Copy remains a going concern.
Carbon Co Netsvork istered number.. 12315756 Re rt of the Trustees for the Period 1 Deeember 2024 to 31 December 2 STrUCTURE. GOVERNANCE AND MANAGEMENT Govemlng document The charity is controlled by its governing documenl, the Memorandum and Articles of Associalion, and eonstitutes a limf(ed company. limited by guarantee. as defined by the Companies A¢t 2006. The Board of TnJstees are directors for the purposes of company law and Trustees for the purposes of charrty law. Under the Memorarkdum and Artides of Association. the te in offi¢e of each Trustee expires after three years and they may offer themsdves for re-election. New Trustees are appointed under special resolution by a Board meetsn9. During 2025, the Board rfrelethd one of the previous Trustees wthose term had expired and attepted the resignation of another Trustee. Tho team structure has been appropriate for Ihe activities undertaken by the chaflty this year and will be adjusted as needed. in line vith futur8 plans. In 2025, the Trustees consumed Carbon Copy advisors when needed. Io Provide input and advice on selected programmes implemented by the Twstees and other team members. Risk assessment and management is managed under Ihe chariiys Risk Management Policy and reviewed regularly al meetings of th& Board of Trustees. Charlty constitution The charity is a charitable company limited by guarantee. It Wds incorporated on November 14, 2019 and changed its name to Carbon Copy Nelwork Ivthh trading name, Carbon Copy) on January 16, 2020. It 1$ governed by its Memorandum and Articlas of Association. Carbon Copy places great importance on the security of data and personal information. For infomialion on how the charity uses and protects personal data. please see our privacy policy. https.'Ilcarboncopy.ecolprivacy-policy REFERENCE AND ADMINISTrATIVE DETAILS Règlstered Company number 12315756 (England and Wa) R•glstor•d Charlty numbor 1187420 Registered offlce 38 Eton Wick Road Eton Wick Windsor Berkshire SL4 6JL Page 5
Cafbon Co Network istered number.. 12315756 Re ort of the Trustees for the Period 1 December 2024 to 31 t)eeember 2025 Trustees R Casale H B Allen ADKnott R E C Gerrard (resigned 30.9.25) C M Jaksch The Tnsstee5 who are also dire¢lors of the charity for the purposes of the Companies Act 2006, present their port with the financial statements of the charity for the period December 1, 2024 to December 31, 2025. The Trustees Serving since the end of the prior year and during the year as follows.. - Riccardo C8sale (Chalr of Board of Trustees) - Andy Knott Ichalr of Advisory Board) Heather Allen Ruth Gerrard Claudia Jaksch Key team membafs slnce the end of the prior year and during the year V•ere as follows.. - Isabelle Sparrow 8radley In9ham - Renee Karunungan Independont Examlnor Two RNer5 A¢eountan¢y 38 Eton Wick Road Elon Wick Windsor Berkshire SL4 6JL Prlnclpal Bankern Starling 8ank 2 Finsbury Ave London EC2M 2PP Approved by order of Ihe board of trustees on behalf b R Casale-
Inde ndent Examine¢s R Caibon Co Netsvork rt to the Trustees of Independent examlnerfs report to the trnstees of Carl)on Copy Network (Ihe Companv) I report to the Charity trustees on my examination of the accounts of the Company for the period 1 OKember 2024 to 31 Dewnber 2025. Responsibillties and basls of report As the charws trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance wth the requirements of the Companies Act 2006 {'the 2006 Acl'l. Having satisfied myself that the accounls of the Company aT8 not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charitys accounts as carried OLrt under Section 145 of the Charities Act 2011 {'the 2011 AGt?. In carrying oul my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 ACL Independent examlnerfs ststement I have completed my examination. I confirm that no matters have come to my attention in connedion wrth the examination giving me cause to believe.. accounting re¢ords were not kept in respect of the Company as requlred by Section 386 of the 2006 Act- or the accounts do not a¢¢ord with those records., or the a¢¢ounl$ do not comply wlh the a¢¢ounting requiremonts of Section 396 of the 2006 Act other than any requirement that the aceounts give a true and fair view vh)ich 15 not a matter considered as part of an independent examination.. or the accounts have not been prepared in accordance ht the methods and principles of the Statement of Recommended PracticL for accounting and reporting by charities (applicable to charibes preparing their a¢¢ounls in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102>>. I have no ¢oncems and have ¢om• across no other matters in connection with the examination to which attention should bg drawn in this report in order to enable 8 PrOr understanding of the accounts to be reached. Delia Allott Two Rivers Accountancy 38 Eton Wick Road Eton Wick Windsor Berkshire SL4 6JL Page 7
Carbon Co Nefvrk tatement of Fin for the Period 1 December 2024 to 31 December 2025 Period 1.12.24 to 31.12.25 Unrestricted fund Year Ended 30.11.24 Totsl funds Notes INCOME AND ENDOWMEprrs FROM Donations and legacies 240,115 200.802 Investment income Other income 192 100 Total 240,307 200.902 EXPENDITURE ON Charltable actlvltles Accelerating knowledge transfer and momentum on local climate action 220,784 188,575 Other 13,697 Total 223,581 202.272 NEf INCOMEI(EXPENDITURE) 16.746 (1.3701 RECONCILIATION OF FUNDS Total funds brought forward 52.929 54.299 TOTAL FUNDS CARRIEO FORWARD 69,675 52,929 The notes fomi part of these financial statements
Carbon Co Netsvork istered number: 123157 Balance Sheet 31 December 2025 31.12.25 Unrestricted fund 30.11.24 Total fijnds Notes FIXED ASSETS Intangible assets Tangible assets 1,179 598 3,202 872 1.T17 4.074 CURRENT ASSETS Cash al bank 68.716 50,554 CREDITORS Amounts falling due wthin one year {818) (1.699) NET CURRENT ASSETS 67.898 48.855 TOTAL ASSETS LESS CURRENT LIABILITIES 69.675 52.929 NET ASSErs 69,875 52,929 FUNDS Unrestricted fund$ 10 69.875 52.929 TOTAL FUNDS 69.675 52,929 The charitable company is entitled to exemption from audil under Section 477 of the Companies Act 2006 for the period ended 31 December 2025. The members have not required the company to obtain an audit of its financial statemonts lor the period ended 31 December 2025 in accordance with Sectson 476 of the Companies Act 2006. The truslees acknowledge Iheir responsibilities for lal ensuring that the charitable company keeps accounting records that compty th Sections 386 and 387 of the Companies Act 2006 and Ib) preparing financial statements which give a true and fair view of the State of affairs of the charitable company as at the end of each financial year and of its Sufplus or deficit for each finaneial year in ac¢ordan¢e with the requirements of Sections 394 and 395 and which otherw5e ¢ompty ¥th the Tequirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable Company. The notes forni part of these financial statements Page 9 continued...
Carbon Co Network istered number.. 12315756 Balance Sheet- contin 31 December 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. nancial tements were approved by the Board of Trustees and aulhorised for issue on ..ID lfj....... and were signed on its behalf by.. e-TN$l The notes fomi part of these financial statements
Carbon Co Nelwork Notes to the Financial Statements for the Pellod 1 December 2024 to 31 Decem r202 ACCOUNTING POLICIES Basis of preparing the finanelal statements The financial statements of the charitable company. which is a public benefrt èntty under FRS 102, have been prepared in accordance wth the Charities SORP (FRS 1021 'Accounling and Reporting by Charilies." Statement of Recommended Practice applicable lo charibes preparing their accovnts in accordan with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Stsndard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been piepared under the historical cost convention. In¢om• All income is recognised in the Statement of Financial Activities once the charty has enlrtlement lo the funds. il is probable that the inrne wll be received and the amount can be measured reliaNy. Expenditurn Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the tharity to that expertditure, it is probable that a transfer of economic benefits will be required in settiement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directty attributèd to particular headings they have been allocated lo activities on a basis consistent with the use of resources. Intsnglbl¢ assets Palenls and li¢ences include IP rights arwj are beiThJ amorbsed over 10 years. Computer sofhvare includes the ¢osts of developing the Charities website and virtual hub. These costs are being amortised over S years. Tanglble Ilxed assets Depreciation is provided at the follovng annual rates in order to write off ga¢h asset over its estimated usefvl life. Fixtures and ffttings 20% on Cost Taxatlon The Charity is exempt from corporation tax on its charitable acti¥rtie$. Fund accountlng Unrestricted funds can be used in accordance with charitable objectries at the discretion of Ihe trustees. Restricted funds can On be used for particular restricted purposes wtthin the objects of the charity. Restrictions arise when specrfd by the donor or when funds are raised for particular restricted purposes. Penslon costs and other post-retirement beneflts The charitable eompany operates a defined contribution pension scheme. Contributions payable to the charitable companYs pension scheme are charged to the Statement of Financial ActNities in the period to which they relate. Page 11 continued...
Carbon Co Network Note$ to the Financial Statements- tinued for the Period 1 Deeember 2024 to 31 Dmber 2025 INVESTMENT INCOME Period 1.12.24 to 31.12.25 Year Ended 30.11.24 Deposit account interest 192 NET INCOMEIIEXPENDITURE) Net incomel(expendrture) is stated after chargingl{creOiti'ng)'. Perfod 1.12.24 lo 31.12.25 Year Ended 30.11.24 Depreclatbon- owned assets Patent$ and Ilcences amortisation Computer $offvAre amortisation 274 295 1.728 274 294 13,128 TRUSTEES. REMUNERATION AND 8ENEFITS There were no trustees, remuneration or other benefrts for the period ended 31 December 2025 nor foi the year ended 30 November 2024. Trustees. exp?nsos Trustees expenses consisted of expenses incurred ¢arrying out charitsble activilies. such a5 travelling, and were not material in temis of the amounls invow. STAFF COSTS The average monthty number of employees during the period was as follows.. Period 1.12.24 to 31.12.25 Year Ended 30.11.24 Management No employees received emoluments in excess of £60,1)00.
Carbon Co Nelwork Notes to the Financial Statements- continlted for the Period 1 Dernber 2024 to 31 December 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES Unrestricle fund INCOME AND ENDOWMENTS FROM Donations and legacies 200.802 Other income 100 Total 200,902 EXPEMDITURE ON Charitable activiti Ac¢elerating knovAedge transfer arKI momentum on local climate action 188.S75 Other 13.897 Total 202.272 NET INCOMEI(expENDITURE) (1,370) RECONCILIATION OF FUNDS Total funds brought forward 54.299 TOTAL FUNDS CARRIED FORWARD 52.929 INTANGIBLE FIXED ASSErs Patents and licences Computer softsvare Totals COST At 1 December 2024 and 31 December 2025 2.947 65,638 68,585 AMORTISATION At 1 Drnber 2024 Charge for year 1.473 295 63,910 1,728 65,383 2,023 At 31 December 2025 1,768 65,638 67,406 NET BOOK VALUE At 31 December 2025 1,179 1,179 At 30 November 2024 1,474 1,728 3.202 Page 13 continued...
arbon Co Neiwork t the Financial Statements- continued for the Period 1 De¢ember 2 24 to 31 December 2025 TANGIBLE FIXED ASSETS Fixture$ and fittings COST At 1 December 2024 and 31 December 2025 1.394 DEPRECIATION At 1 Dttember 2024 Charge for year 522 274 At 31 December 2025 796 NEf BOOK VALUE At 31 December 2025 598 At 30 November 2024 872 CREOITORS: AMouKfs FALUNG DUE WITHIN ONE YEAR 31.12.25 30.11.24 Pension liability Wages control Accruals and deferrnd in¢ome 451 1955) 1,425 1.248 818 1.699 10. MOVEMENT IN FUNDS Net movement in funds At 1.12.24 At 31.12.25 Unrestri¢ted funds General fund 52,929 16,746 69,675 TOTAL FUNDS 52.929 16,746 69,675
Carbon Co Neknrk N tes to the Financial Statements - continued for the Period 1 December 2024 10 31 December 202 10. MOVEMENT IN FUNDS - continued Net movement in funds. induded in the above are as follows: Incoming Resources Movement resources expended in fLsnds Unrestrl¢ted funds Genefal fund 240.307 (223.561) 16.746 TOTAL FUNDS 240.307 (223,561) 16.746 Comparatlves lor movemont In funds Net movement in funds At 1.12.23 At 30.11.24 Unrèstricted funds General fund 54.299 (1,370) 52,929 TOTAL FUNDS $4,299 {1.370) 52,929 Comparative net movemenl in funds, included in the above are as follows.. Incoming Resour Movement sources expended In funds Unr•$trlcted funds General fund 200.902 <202.2721 (1,370) TOTAL FUNDS 200.902 (202.272) (1,370) Page 15 ¢ontinued...
Carbon Nets¥ork e Financial Stslements- h Period 10ecember 2024 10 31 r202 11. RELATED PARTY DISCLOSURES The were no related paty transaction5 that require disclosure under the SORP, for the year ended 30 .Decemter 2025.