Company Number: 12370672 Charity Number: 1190993 CLIMATE SCIENCE LTD Annual Report and Accounts For the year ended 31 December 2021 Climate Science Ltd Reference and administrative details Trustees Eric Steinberger Christian Zauner (Chair} Company number 12370672 Charity number 1190993 R¢gl$t•r•d Offl¢• 34b York Way London N19AB Indopond•nl Examlner Steve Brown ACMA 22 Bramshill Gardens London NW5 1JH Bankers Barclays Bank 1 Churchill Place London E14 5R8 Climate Science Ltd Trustees, report for the year ended 31 December 2021 The trustees are pleased to present their annual report together with Ihe financial slalements of the charity for the year to 31 December 2021. The accounts have been prepared in accordance with the accounling policies sel out in note 1 to the accounts and comply with the Charity's Memorandum and ￿cleS ofAssociation, the Companies Act 2006 and the Statement of Recommended Practi￿.AccoUntiThJ and Reporting by Charities, (revised 20191. Structure, Governance and Management Legal Status Climatè Sciénce Ltd is a company limited by guarantee and a regiSt8￿d charity. Th8 company was registered in England and Wakes on the 19th December 2019 and gained charitable status on the 24th August 2020. Governlng Document Clim8le Science Ltd is govemefj by its Memorandum arwj Articles of Association. Organlsatlonal Structur• The directors of the charitable company are ils truslees for the purpose of charity law and the members of the company limited by guarantse. Throughout this report they are collectively referred to as the trustees. The following individuals served as trustees during the year.. Eric Sleinberger Chair Christian Zauner Al Iruslees served for the full per*)d unless otherwise st8tsd abov6. The Board meets as wuired to oversee the strategic direction of the charity and to monitor progress in achieving ils perfomance and quality objectives. Day lo day implementation of the strategy is m8na9ed by the Chair of Trustees supported by volunteers and, when funds allow. freelance staff. Objectives and principal activities Climatè ¢hange is a known threat lo life and livelihoods woddwide. The science Ihal can ￿$t help peoplo mitigate and adapt to dimate change is rarely wr￿en in a manner conducive to comprehension by those not already familiar with the domain. Climate Science Ltd exists lo advance the education of the public worfdwide on the subjects of climate change and sustainable devebpmenl for the publi¢ benefil in parts'cular, but not exclusively, by providing freely available gduCat￿nal resources and t￿lS that communicats scientific infomialion in easily understandable ways. In furtherance ol its charitable objectives, the charity carries out a range of activities which are summarised below. Activities and Achievements Building on the success of 2020, Climate Science expanded its portfolio of educatsonal materials, widened rts reach to more countries and languages. and introduced new programs lo further engage the youth in leaming and solving dimate change. Expanding portfollo of ¢ducational mat•rlal$ Courses Four new courses were developed in 2021, including.undo Climate Change,""Climate Polits"cs," 'Clirnate Economics." and a 30-minule cTash course on climate change. By the end of 2021, al least 300,000 learners have Completed at least one Chapter of a Course. Climate Science Ltd Trustees, report for the year ended 31 December 2021 Children's Books Eight more books weTe developed in 2021, completing this 9-book series that cater to 7-11-year-old readers. These books reached over 90,000 view5. The series includes.. Saving Planet Earthly Sven's Search for Clean Energy Fabienne's Wild Weather Adventure Bindi's Biology Bonanza - Tuyen's Tremendous Trash TLNJr - Adesh's Deep Sea Dive - Andrea and Flavio's Fantaslic Forest Fam) Semih's Search for a Healthy Home Kids Can Change the World Curriculum-81i nable Resources for Te8chers Climate Science developed 90 lesson plans to allow teathers to integrale climate education in thgir classes regardless of the subject and age group they are leaching, covering the subjects.. Art, Music & Drama., English Language., Math & Statistics., Science & Nature., and Social Science. These materials are divided into age groups, 6-8, 9-11. 12-14. and 15+ years. A campaign conducted by the local community in the Philippines reached about 1,500 tsachers from over 700 Schools in all 17 regions ol the country. The Charity devebped t8n ad￿￿1￿)nal vid80$ Covering drffer8nt dimate solUt￿ns. Thes8 vidéos w8r8 made available on YouTube and collected about 80,000 views. In addition, they were broadcasted on Austrian local TV through a partnership with ProSiebenSat.1 PULS 4 and reached al least 1 million unique viewers. Repurposing its content for use in corporate education, Climate Science conducted a couple of pilot tests of its Corporate Workshop in 2021. The Charity facilitaled a lotal of six workshops. which engaged over 700 employees and generated over GBP 10,000 in revenue. Wldenlng the Charfty's reach Communit By the end of 2021, Climate Science has supporled the eslablishment of local communities in 40 countries including the Philippines, Japan, Uzbekistan. Nsgeria. Rwanda. Kazakhstan. and Mongolia. The communities held various educational events in their respective countries. including several qualifiers of the Climate Science olymp￿0. Translations Climate scien￿ has translaled tts website and a good portion of the courses into nine languages to make ils conlenl accessible lo more users, including Spanish, Portuguese, trM)th simplrfied and traditional Chinese. French, German, Polish, Vietnamese, and Arabic. Social Media Climate Science contsnues to provide bite-sized dimate edUCat￿n on Instagram, which has grown to over 80,000 followers in 2021. On average, each post receives 15.029 impressions and 840 interactions. Introduction of new youth engagement programs Climatescience 01 iad The Climatescience Olympiad is a year-round global competition for youth betr4een the age of 12 to 25 years. This competition aims to put the participants in Ihe shoes of worfd leaders by asking them the questions that world leaders would usually face. empowering them lo grow into climale-conscious Igadership roles thgy may wish to take up later in their cargers. Initially targeting 10,000 participants. the Climalescience Olympiad 2021 successfully engaged 12,400 youth from 149 couniries. The award ceremony was held at ihe UN Climate Summit (COP 261 in November 2021 and featured Dr. Jane Goodall DBE as one of Ihe speaker5. The top finalists gol lo Climate Science Ltd Trustees, report for the year ended 31 December 2021 present their proposals during the ceremony including Iwo 14-year-olds from the UK who emerged as winners for their carbon lax scheme proposal. More detai15 can be found on the charity's website at hll s".Ilclimalescience.or iad-2021. Climatescience Ex lore This 2-month program brings together Ihe bfighlest youth passionate about climate action. The program includes lectures featuring science. business. and policy experts that provide the youth with outstanding knowledge of 501ulions to climate change. There are a150 challenging. yel entertaining activities that aim to foster problem-solving skills Collaboration among the participants. The Climalescience Explore successfully engaged 100 youth from various countries in its inaugural year. The Charity also strengthened its collaborative efforts by forging partnerships with governments and inlemalional organizalions. including the Philippines. Department of Education through ils Disaster Risk Reduction and M8nagemenl Service unil. YOUNGO. Earth Day Network. and Southeast Asian Règional Center for Graduate Study and Research in Agriculture, among others. Over the course of 2021, Climate Saence grew from 100 to over 10tIO volunteers worfdwide working on content, translations, and community building. More details of some of the charity's regular volunteers can b8 found on the websits al htt s'.Ilclimaiescience.or at)out. Publ1¢ Benefit The Trustees confirm that they have complied with their duty under Section 17111 of the Charities Act 2011 lo h8ve due regard lo the Charity Commission's general guidance on public benefit. Climat8 S¢i&ncg Ltd carries out a range of activities in furtherance of its charitable objectives. as detailed under Activit￿S and Achi9vem8nis, which the tNslegs believe provide benefit to th8 general public woddwid8. Rlsk Management The Trustees have reviewed the risks the charlty faces aThJ are satisfied that systems are in place lo mitigate their exposure to Ihe major risks. In 2021 the emphasis was on establishing a range of educational materials, a worfdwide team of volunteers and a track record of delivery. We believe the aciivib'es and achievements section above illustrates how much the charity was able lo accomplish on a very limited budget. The major risk facing the charity al the end of 2021 was the need lo raise funding lo allow the Charity lo continue lo operate al this level In futu years. To manage this risk the Charity has aprK)inted a Head ol Finance and Fundraising who works on a largely voluntary basis. Future Plans Climate S¢ign¢e expe¢ts lo enij 2022 wrth a greater focus on awlgrating the ¢apa¢ity ol youth lo help solve climate ¢hange by providing Ihem with quality education and opportunities to engage in climate action. Specifically, the Charity expects the Climalescience Olympiad 2022 to ￿a¢h over 30,000 youth from over 160 counlries, generating over 300 proposals for spe¢tfi¢ climate Challenges. Like in 2021, Climate Sci8nce hopès to hold thè ClimatèSciènc8 Olympiad's award cer8mony at thè UN Climat8 Summit (COP 271 in Egypt IhttpS'.Ildimates¢ien￿.ortyO1yMp•adI. Climate Science will also endeavour lo uwjale its courses following the release of the IPCC'S Ilnlergovernmenl81 Panel on Climate Changel Sixth Assessment Reports. Tr8nsl81ions of these updated Gonlenl shall follow and will expand to al least three more languages by the end 012022. The Charity will develop new curriculum-alignable lesson plans to augment the Climate Science Schools platfomi. In addition, a course on how to teach dimate change will be developed to further support teachers in inlegraling climate education in their classes. The Charity will continue to support the establishment of local ¢ommuntiies and s¢hool ¢lubs, and il targets to support communities in over 50 countries. 11 will also develop a program to empower its communty members to conduct dimate educational conversations themsefves. Climate Science Ltd Trustees, report for the year ended 31 December 2021 Building on the Climalescience Explore. the Charity will expand its support to exceptional youth through a more selective Fellowship program. The Fellowship program seeks lo identify youth with exceptional polential to contribute to solving dimale change and provide them wrth specialised support according to their individual needs and f1eld of interest. Fundraising goals largel SLrfhcient re￿J￿ng funding through grants. donations. and corporate contracts lo support ongoing management stability while ensuring the continued pr(xJuclion and promulgation of high- quality education81 content worldwide, for free. Financial review In year under review the charity secure(J funding of £66k12020.- £129kl. while expenditure for the pedod W8s £129k12020.. £10kl. resulting in a d8fi¢il of £63k for the period12020.' profit £119kl. During its sgcond year in opgration the charily [C￿sed on the expansion of its wide range of charitsble activities discussed. The chanty continues to develop an operating model that ensures long term sustainability by generating income through donations (received by ways of grants and donalionsl as well as fees for courses and events run by the charity. While this remains a challenging area. the Tnjslees believe the achievements lisled above show the ch8rity can deliver an incredible amount on a small budget due to the lalent and commitment of the volunteerteam, and are optimistic this will help to attract funders in Ihe period ahead. Reserves Resèrves are shown in Ihe Balancg Shoot as unrestric¢ed fund$ carried fo￿ard. This is simply the excgss of unrestricted funds raised over expenditure since ihe chants'as launch. The lolal amount ol reserves held al 310ecember 2021 was £57k equalling 5.3 months expenditure which Ihg Iruslges consider sufficient, as lor most ol Ihe period vnder ￿vIeW the charity did not have any ongoing 'nancial commitments. Responsibilities of the Trustees In relation to the financlal statements Law appli¢able to charities in England and Wales requires the Trustèès to prepare financial stal8m8nls for each finan¢ial year which give a twe and fair view of the Charity's financial activities during the year and of its financial position at the balance sheel date. In preparing those financial slatements. the Truslees should follow best practice lo.. select suitable accounting policies and then apply them consistently. make judgements and estimates Ihal are reasonable and prudent., state whether applicable accounknng siandards and stalements of recommended practice have been lollowed, subject lo any departures disdosed and explained in the financial slatemenls., and prepare the financial statements on the going con￿rn basis unless it is inappropriate lo assume that the Charity will c¥)niinue in operation. The Trustees are responsible for maintsining proper a¢¢ounting records which disclose with re8son8ble a¢¢ura¢y at any timg the financial position of the Charity and gnablè thèm to ensurè that thg financial statements comply wilh the Charilies Acl 2011. They are also responsible for safeguarding the assets of the Charity. and hence for taking reasonable steps for the prevention and detects'on of fraud and other irregularities. This report was approved by the Board of Trustees on 12th September 2022 and signed on its beha￿ by.. Eric Steinberger Trustee **Report of the independent examiner to the trustees of Climate Science Ltd** I report to the trustees on my examination of the accounts of Climate Science Ltd for the year ended 31 December 2021. ## **Respective responsibilities of trustees and examiner** As the charity's trustees (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statements below. ## **Independent examiner's statement** I have completed my examination and confirm that no matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect: - accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or - the accounts did not accord with the accounting records; or - the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or - the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. S J Brown ACMA 6 Climate Science Limited Statement of Financial Activities for the period 1st January to 31st December 2021 Unrestricted Funds 2021 Restricted Funds 2021 Totsl Funds 2021 Totsl Funds 2020 Note Income Donations Charitable acfvilies Other Income 54.221 11.960 54,221 11.960 129.195 10 Total Income 66.189 66.189 129.205 Expendlture Charitable activities 27.562 101,311 128,873 9.882 Total Exp•ndltur• 27,562 101.311 128.873 9.882 Not Sncome I lexpendlturel before trnnsfers 38.627 1101,3111 162,6841 119.323 Transfers between funds 16041 604 Nèt mov•m•nt in lund$ 38.023 1100.7071 162.6641 119.323 Reconclllatlon of funds To¢81 funds brought forward 18.616 100,707 119,323 Total funds carrled forward 56.639 56,639 119.323 All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The notes on pages 9 to 12 forni part of these finanaal statements. Climate Science Limited Balance Sheet as at 31 December 2021 2021 2020 Note Flxed assets Tangible Assets 260 520 Current assets Cash at bank and in hand 59,557 122,092 Creditor5." amounts falling due vthin one year {3,1781 {3,2891 Net ass•ts 56,639 119,323 The funds of the char5ty Unrestricted lunds Restricted funds 56,639 18,616 100,707 Total lunds 56.639 119,323 The charitsble company is entiued lo exemptK)n from audr( under Se¢b'on 477 of the Companies Act 2006 lor the year ended 31 Decemb&r 2021. and the members have not required the company to obtain an audit of ils financial siatements for the year in accordance with Section 476 ofthe Act. The Trustees aCkno￿edge thair r8sponsibiliti8s for.. lil ensuring that the company keeps proper accounting records which comply with section 386 of the Act, and lill preparing financial slatements which give a true and fair view of the state of affairs ol the company as al the end ol the financial year and of its profit or loss lor the financial year in accordance with the requiremen(s ol sections 394 and 395. and which olherwise cornply wlh the requirements of the Act relating ￿ financial stalernents. so lar as applicable lo the company. These financial statements have been prepared in accordance WTth the special provisions of Part 15 of the Companies Act 2006 relating to charitablè small companies and wth the Financial Reporting Standard for Smaller Entities (effective January 20191. The notes on page 9 to 12 fom part of these financial statements. Approved by the Board on 12th September 2022 and s￿ned on their behalf by Eri¢ Steinbtsrger Trust8• **Climate Science Limited** ## **Notes to the accounts for the year ended 31st December 2021** ## **1 Principal accounting policies** The principal accounting policies adopted in the preparation of the financial statements are set out below. ## **(a) Basis of accounting** These financial statements have been prepared under the historical cost convention in accordance with the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ effective January 2019 (the Charities SORP (FRS 102)), UK accounting standards, including 'Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland' (FRS 102) and the Companies Act 2006. Climate Science Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **(b) Fund accounting** - (i) Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. - (ii) Restricted funds are subject to specific conditions imposed by the donor as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts. ## **(c) Income** Income is recognised and included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. - (i) Donations are received by way of grants, donations and gifts and the income is included in full in the Statement of Financial Activities when receivable. Grants receivable are recognised when the charity becomes unconditionally entitled to the grant. - (ii) Donated services and facilities (gifts in kind) are included at the value to the charity where this can be quantified. - (iii) The value of services provided by volunteers has not been included as income in these accounts. (iv) Income from charitable activities includes income earned both from the supply of services under contractual arrangements and from performance-related grants. Grants receivable are recognised when the charity becomes unconditionally entitled to the grant. - (v) Investment income is included when receivable. - (vi) Income is deferred when it is received in one financial period but relates to a future period. This may happen for example when a contract includes a mobilisation advance or upfront payment for a period that straddles the year end. ## **(d) Expenditure** Expenditure is recognised on an accruals basis as a liability is incurred, and includes any VAT which cannot be recovered. - (i) Expenditure on charitable activities comprises expenditure related to the direct furtherance of the charity’s objectives. Where costs cannot be directly attributed, they have been allocated to activities on a basis consistent with the use of resources. - (ii) Support costs relate to those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel and governance costs. These costs have been allocated on a basis consistent with the use of resources. - (iii) The value of services provided by volunteers has not been included as expenditure in these accounts. 9 ## **Climate Science Limited** ## **Notes to the accounts for the year ended 31st December 2021** ## **(e) Tangible fixed assets and depreciation** Tangible fixed assets costing over £500 (including any incidental expenses of acquisition) are capitalized. ## **2 Income** |**Income**||| |---|---|---| |**Donations**
Eric and Wendy Schmidt Fund
ProWin
Gower Street Foundation
The Dixon Foundation
Aarti Industries Ltd
Other
**Fee Income**
Other donation includes various small donations by individuals and corporates.|**2021**
**£**
-
-
-
40,000
10,500
3,721
**54,221**
**2021**
**£**
**11,960**|**2020**| |||**£**| |||101,475| |||22,720| |||5,000| |||-| |||-| |||-| |||| |||**129,195**| |||| |||| |||**2020**| |||**£**| |||**-**| The Charity facilitated Corporate Workshops with Aarti Industries Limited and ZS Associates International, Inc. ## **3 Expenditure** During the period the charity incurred the following costs; **----- Start of picture text -----**
Charitable Governance &
activities support 2021 2020
£ £ £ £
Staff Cost 30,361 - 30,361 3,436
Freelance Project Staff 71,191 - 71,191 634
-
Subgrants 5,150 5,150
Events 8,757 - 8,757 -
Travel and Subsistance 512 - 512 21
-
Project Materials 7,454 7,454 1,677
-
Support Cost 4,448 4,448 3,114
-
Independent examination 1,000 1,000 1,000
127,873 1,000 128,873 9,882
**----- End of picture text -----**
10 **Climate Science Limited** ## **Notes to the accounts for the year ended 31st December 2021** **----- Start of picture text -----**
4 Staff Costs
2021 2020
£ £
Gross wages and salaries 29,719 3,380
Pension 642 56
30,361 3,436
Staff cost have been analysed as direct charitable expenditure.
**----- End of picture text -----**
The Charity is eligible to claim employment allowance and did not have any Employer's National Insurance liability in year. The key management personnel of the charity comprise the trustees. No remuneration was paid to the Trustees. ## **5 Fixed Assets** |**Cost**
At start of period
Additions in year
At 31 December 2021
**Depreciation**
At start of period
Charge for the period
At 31 December 2021
**Net Book Value at 31 December 2020**
**Creditors**
Trade creditors
Taxation, social security and pension
Accruals||**Office**
**Equipment**
**£**| |---|---|---| |||779| |||-
779
259
260
519
**260**| ||**2021**|**2020**| ||**£**|**£**| ||1,350|769| ||528|520| ||1,300|2,000| |||| ||**3,178**|**3,289**| ## **6 Creditors** 11 **Climate Science Limited** ## **Notes to the accounts for the year ended 31st December 2021** ## **7 Movements in funds** **----- Start of picture text -----**
At 1st At 31
January Transfer December
2021 Income Expenditure in/(out) 2021
£ £ £ £ £
Restricted Funds:
Gower Street Foundation 3,323 - (3,620) 297 -
Eric and Wendy Schmidt Fund 97,384 - (97,691) 307 -
Total restricted funds 100,707 - (101,311) 604 -
Total unrestricted funds 18,616 66,189 (27,562) (604) 56,639
TOTAL FUNDS 119,323 66,189 (128,873) - 56,639
At 19th At 31
December Transfer December
2019 Income Expenditure in/(out) 2020
£ £ £ £
Restricted Funds:
Gower Street Foundation - 5,000 (1,677) - 3,323
- -
Eric and Wendy Schmidt Fund 101,475 (4,091) 97,384
Total restricted funds - 106,475 (5,768) - 100,707
Total unrestricted funds - 22,730 (4,114) - 18,616
TOTAL FUNDS - 129,205 (9,882) - 119,323
Gower Street Foundation Implementation of app- and web-based communications and online training
programme, website development, software, and increasing the capacity of
online courses.
**----- End of picture text -----**
Eric and Wendy Schmidt Fund Supporting the development of the Climate Science Educational application. ## **8 Trustee remuneration and expenses** None of the Trustees received any remuneration for their services as trustees during the year. One Trustees was reimbursed travel expenses incurred in performing his duties as trustees to a total value of £22 (2020: £20.55). ## **9 Taxation** The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. 12