Company Number: 12370672 Charity Number: 1190993 CLIMATE SCIENCE LTD Annual Report and Accounts For the year ended 31 December 2022 Climate Science Ltd Reference and administrative details Trustses Eric Steinberger Christian Zauner (Chairl Company numb•r 12370672 Charity number 1190993 R8glstarod Offlco 34b York Way London N1 9AB Ind8P8nd8nt Examiner Steve Brown ACMA 12 Foxcornbe Road Bath BA1 3ED Bankers Barclays Bank 1 Churchill Place London E145RB Climate Science Ltd Trustees, report for the year ended 31 December 2022 The trustees are pleased to Present their annual repcfft tc*aether with the financial statements of the charity for the year to 31 December 2022. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Chanty's Memorandum and Articles of Association, the Companies Act 2006 and the Slalemenl of Recommended Pr￿tice.ACcountIng and Rep(xting by Charities. (revised 20191. Structure, Governance and Management Logal Statu$ Climate scien￿ Ltd is a company limiled by guarantee and a ￿gIStered charity. The company was registered in England and Wales on the 19th December 2019 and gained charitable status on the 24th August 2020. Gov¢rnlng Document Climatè Sciance Ltd is 9ovemed by ils Memorandum and Articles of ASs￿13tiOn. Organlsatlonal Structure The directors of the charitable company are ils Iruslees for the purpose of charity law and the members of the company limited by guarantee. Throughout this report they are Collectively ref8ff8d lo as the Iruslaes. The following individuals seNgd as Iwslees during the year.. Eric Steinberger Chair Christian Zauner All Iruslees served for the full period unless olheN4ise staled aly)ve. The Board m991$ a$ rgquired lo ovorseg the Strategic direction of tho Charity and to monitor progress in achieving its P8rfomiance and quality objectives. Day lo day implementation of the strategy is managed by the Chair of Trustees supported by volunteers and. when funds allow, freelance stsff. Objectlves and prlnclpal actlvitles Climate change is a known threat lo life and livelihoods worldwhle. The science that can best help people mitigate and adapt lo climate change is rarely written in 8 mannèr t£Jnducive to comprehension by those not already familiar with the domain. Climate Science Ltd exists to advance the education of the public worfdwide on the subjects of climate change and susiainable developmenl for the public benefit in particular, but not exclusively, by providing freely available educational resources and tools that communicate scientific infomiation in easily understandable ways. In furthorance of its charitsble objectives. the charity carries (*rt a range of activities which are summarised below. Actlvltles and Achlevements Building on the success of the last two years, Climate Scler￿e continued the developmenl of its produci portfolio. increased ils reach to more counlries and languages, enhanced the scope and depih of partnerships, and expanded its programrning engaging Ihose interested in learning lo solve climate change. Climate Science Ltd Trustees, report for the year ended 31 December 2022 Ongoing product development Websi(e The Charity's websile saw over 380,000 visitors and over 730,0￿ user sessions in 2022 with significant non-English reach in Vietnamese, Portuguese, German. Traditional Chinese, Russian, and Spanish. Total search impressions reached over 8 million viewers. While a p￿ponderdnce of visitors are youth, this is no longer a majority. smth 38% falling in the 18-24 age category. The Charity began development of a new course. entiiled 'Fair Wortd.. covering the sustainable development goals comprising 10 new chapters which will launch in the second quarter 012023. The content team rewrote much of the 'Clean Energy. course and added an addIt￿nal chapter on Geothermal Energy. Translations Building on the successful deployment of Climate Science resource translations of 64 courses in 9 languages al the end of 2021, this year the total number of translated courses increased lo 146 across 16 language5. New languages include Bengali, Burmese. Irthnesian. ltslian, Farsi. Russian, and Turkish. Wld¢nSng the Ch•rfty'$ reach Social Media The Charity continues lo provide bile-sized climate educalitin resources to over 70,000 followers on Inslagram and cullivaled 8 Di$￿T￿ community comprising over 4,000 members. The Charity's Inslagram reached over 180,000 and added over 5,000 new followers. while Ihe Charitys FaCe1￿k presence reached over 15,000. Partnershi The Charity expande(J ils partnerships, particularly within the ￿pe of the UN, and built relationships with research inslilules lo accredit ils learning opportunities. govemments lo distribute ils content, and youth led org8niz81ion lo raise awareness on climate issues. Conferences The Charity had presencè at Climatè Wèek NYC. f*ld aknngside the UN Gèneral Assembly, as well as COP27 in Egypt, where represenlalives sp)ke as part of 5 drfferenl events over the course of the conference. Expandlng youth engagement Communil In 2022. the Charity supp¢yled ccthmunilies in 45 countries. These communtties comprise a National Coordinator and a team of at least 5 MeM￿r5. They worked on creating weekly events around climate change. and on a larger scale, brought Climatescience content and event to local Sch￿Is, universities and communities. The Climalescience Community Leadership team of Continental Coordinators and Outreach leads conducted a global campaun via %)cial media which increased from 20 in 202110 45 communities in 2022. In 2021, our community fomat was a hybrid {online-offlin8) model. In 2022. we introduced both physical and online communities. An online community was C￿ated on Discord and currently hosts over 6,000 people who leam aLM)ul climate change and prepare for the ClimateScien￿ Olympiad. Physical communities were launched in Bogola, Colombia and New Delhi, India. The Climatescience Olympiad, a year-long global competition for youlh between the ages of 12 and 25 inclusive, asks participants questions that World ￿aderS would usually fa￿, empowers them to grow into the clirNate-COnSCIOUS leadership roles they may wish to tske up later in their careers. The 2022 formal evolved from that of 2021." Instead of 3 essay rounds, il involved two objective and Iwo essay writing rounds. Reworked competition timelines gave participants more realisb"c durations lor the essay rounds. which resulted in significantly better proposals. Climate Science Ltd Trustees, report for the year ended 31 December 2022 The 2022 Olympiad grew 5-fold from its inaugural year, engaging over 55,000 youth competitors from 190 countries. Outreach was Organ￿ed over 4 di5b.ncl verticals. 5choo15. universtb"es. organizalions. and media. A number of partnerships were formed to increase reach and engagement, notably with Earthday.org, the Ecoschools neiwork, and Ihe govemment of Fiji. A significant number of participants, 25,000, were introduced to the competition via partnership with an Indian promotional organization. The Olympiad team hired a dedicated customer care specialist and rebuilt the judging platform lo handle increased capacity 8nd the new rnulti-round lormat. The awards ceremony was held al the UN Climate Summit (COP 271 in November 2022 where the winners presente(I their proposals. htt .-11 limat 22 Public Benefit The Trustees confirni that they have complied with iheir duty under Seciion 17111 of the Charities Act 2011 lo have due regard to the Charity Commission's general guidance on public benefrt. Climate Science Ltd carrie5 out a range ol activitie5 in further8nce of its ch8ritable objective5. 85 detailed under Activf(ies and A¢hi8vements. which the trustees believe provide ￿ne[lI lo the general public worldwide. Rlsk Management The Trustees have reviewed the risks the tharity faces and are ￿tisffied that systems are in place to mitl9at8 their exposure to the major risks. In 2022 the emphasis was on establishing a variety of partnerships lo support the dissemlnalion of a range of edu¢alional malerials. We beI￿ve the aclivilies and achievements se¢lion above illustrales how much tho charity was able to accomplish on a very limited budggt. The major risk lacing (he charity durin9 2022 was the need to raise fundin9 to allow the Charity lo continue lo operate al this level in lulure years. To date the Charity has successfully raised enough lo expand ils paid core team of contractors, and il is hoped Ihal this will enable il lo raise further funds in years ahead. Future Plans Climate Science expects lo entl 2023 with a 9￿ater locus on accelerating the capacty of youth lo help solve climate change by providing them with qualty education and opportunities to engago in climate action. The Charity is iterating on its user experience design to engage th¢)se wrth a variety of reasons for wanting to learn to solve climaie change. Climate Science will continue lo urMJ81e its courses following the release of the IPCC'S Ilnlergovernmenlal Panel on Climate Changel Sixth Assessment Reports. Translations of thesg updated content shall follow and will expand to at least three MO￿ languages by the end 012023. Additionally, the Charity will be iteratively changing the structure of its courses and making changes to the course plaffomi to improve user retention and user experience. The Charity also intends lo re-develop the Climalescience 8PP, creating short. Simple. gamified ¢x)urses for the platfomi. The Charity expects the Climatescience Olympiad 2023 to reach over 50,000 youth from over 190 countries, generating over 500 prorx)sals for solving specific climale challenges. As in 2022, Climate Science intends to hold the Climatescience Olympiad's award ￿remonY al COP28 in Dubai with plans for this lo be the first award ceremony where all top 10 wnners wll attend the Conference of Parties in person and tske part in various processes. The Charity will continue to support the establishment of IcKal communities and school clubs. The New Delhi community in India served as a pilol for physical. local communities globally. The Charity intends to grow lo 10 more physical, city communities in 2023 and to grow the online Discord comrnunity to involve 15.000 people who engage in W￿klY leaming events. The Charity also aims for the Grealion of cty ClimateS¢ien¢e hubs through local partnerships, to ¢￿ale venues for local events and activation. Fundraising goals target sufficient recurring funding, primarily through granis and donations, to SUPPDrt ongoing management stabilty while ensuring the conlinued production and promulgation of high-quality education81 content worldwide, for free. Climate Science Ltd Trustees, report for the year ended 31 December 2022 Financial review During this third year of operations the Charity increased income by £1 Sk to £81k12021.' £86kl allowing continued expansion of its wide range of charitable activities as discussed above. At the same time expendilure fell by £20k to £109k12021-. £129k) resulling in a deficit of £28k for the pericml much reduced from the 2021 deficit of £63k. Thè charity continues to dèvelop an opèrating m(Klel to ensurè long temi sustainability by genèrating income from a variety of sources including grants and donab'ons as well as fees lor courses and events. While this remains a challenging area. the Trustees believe the achievements listed above show the charity can deliver an incredible amount on a small budget due to the talent and commitment of the volunteer team and are optimistic this will help lo attract fundeTS in luture. Reserves Reserves are shown in the Balance Sheet as unrestricted funds carried forward. This is simply the excess of unreslricled fijnds raised over expenditure SIr￿e the charities launch. The toial amount of reseryes held at 31 December 2022 was £28k12021'. £57kl which is equal to just over 3 months expenditure based on the numbers in these accounts. The trustees consider this sufficient for the current operating model as the charity has onty limiled orooing financial commitments. Responslbllltles of the Trustees In relatlon to the financlal statements Law applicable to tharities in England and Wales requires the Trustees to prepare financial statements for 8ach financial year which 9ive a true and fair view of ihe Charity's financial aclivities durin9 the year and of ils fin8nci81 position 8t the balance sheet dale. In preparing those financ￿1 statèments, thè Trustees should follow best practice lo., select suitable accounting ￿l¢le$ and then apply them consistenuy; make judgements and eslimales that are reasonable and prudenl.. slate whether applicable 8ccounling stsnd8r¢Js and stslemenls of recommended practice have been followed. subject lo any departU￿S disclosed and explained in the financial slalemgnls", and prepare the financial slatemenls on Ihe going conc8m basis unless il is inappropriate lo assume that the Charity will continue in operation. The Trustees are responsible for mainiaining proper acrnunting records which disclose with reasonable accuracy al any lime the financial position of the Charity and enable them lo ensure that the financial statements comply with the Ch8rrties Act 2011. They are also responsible for safeguarding the assets of Ihg Charily, and hence for takin9 reasonable sleps for Ihe prevention and detection ol fraud and olhgr irregularities. This report was approved by the Board of Truslees on 2S September 2023 and signed on its behalf by.. Eric Sleinberger Chair **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 2022. ## **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 thè period 1st January to 31st Dèc•mb8r 2022 Unrestricted Funds 2022 Total Funds 2022 Total Funds 2021 Income Donations Charitable actvf(ies Other Income 80.907 80,907 $4,221 11,960 Total In¢om• 80.908 80.908 66,189 Exp•ndlturo Charitable activities 109.281 109,281 128,873 Total Expendlture 109,281 109,281 128,873 Net Income I l•xp•nditurel ￿lorn transf•rs 128.373) {28,3731 162,6841 N•t m¢v&mont Sn funds 128.373} 128,3731 162,6841 Reconclllatlon of funds Total funds brought forward 56.639 56,639 119,323 Total funds carrled forward 28.266 28.266 56.639 All of the above results are derived from continuing actNilies. There were no other recognised g8ins or losses other than those statecl above. The notes on pages 9 10 12 fom part of these finantaal statements. Climate Science Limited Balance Sheet as at 31 D•cèmb8r 2022 2022 2021 Flxed assets Tangible Assets 260 Current assets Cash at bank and in hand Prepaymenis 45.988 750 59.557 Cr8dltors.' amounts falling due wthin one year 118.472) 13.1781 Net assets 28.266 56.639 The funds of the charlty Unrestricted funds 28.266 56.639 Total funds 28.266 56.639 For the finanual year in question the company was entitled to exernption urKler sedion 477 of the Companies A¢t 2006 relating to small companies and no members have required the company to obtaln an audit of ils accounts lor the year In questson in 8ccordance with section 476 of the Companies Act 2006. The directors a¢knovledge Iheir responsibility lor complying with the requirements of the Act wlh respect to acLounting records and for the preparation of accounts. These accounts have been prepared in accordance vAlh the provision ol Part 15 of the Compani8S Act 2006 relating lo charitable small companies and with the Financial Reporting Standard for Smaller Entities leffeclive January 20191. The notes on page 9 to 12 fomi part of these financial ststements. Approved by the Board of Trustees on 25 September 2023 and were signed on its behalf by. Eric Steinberger Tnjstee Climate Science Limited Notes to the accounts for the year ended 31st December 2022 1 Principal accounting policies The principal accounting policies adopted in Ihe prepardtion of the finanrAal statements are set out below. lal Basis of accounting These financial slalements have Ixen prepared under Ihe historical cost convention in accordance wth the statement of Recommended Practice'Accounting and Repth'ng by Charities. effectNe January 2019 Ithe Charities SORP IFRS 10211, UK accounting standards, including 'Financial Reporting Standard 102 The Financial Repo￿.n9 Standard applicable in the UK and Republic ol I￿land. {FRS 1021 and the Companies Act 2006. Climate S¢ien¢e Limited meets the definition of a public benefrt entity under FRS 102. Assets and liabilities are initially rtrcognised at historic81 cost or trans8¢tson v8lue unless otherwse staled in thtr rtrlevanl accounting policy nolelsl. Ibl Fund accountlng lil Unrestricted funds are available for use al the discretion of the trustees in furtherance of the general objectives of the charity. lill Restricted funds a￿ subject lo speufic conditions imposeij by the donor as lo how they may be used. The purposes and use5 of the restricted funds are set out in the notes to the accounts. Icl Incom• Income is recognised and included in the slatemeni of financAal activities when the charity is entitled to the income and the amount can b8 quantrfi8d with reasonabl8 awiracy. Th8 followng specific policias are applied to particular categories of income. lil Oonalions are received by way ol grants. dOn8t￿nS and gifts and the income is included in full in the Statement ol Financial Activities when receivable. Granls recEivable are recognised when the charity becomes unconditionally entitled to the granl. 1111 Oonaled services and facilltles {gifts In klndl are induded at the value lo the charfty where Ihls can be quantified. liiil The value of services provided by volunteers has not been induded as income in these account5. livl Income from charitable activities includes income eamed both from the supply of services under conlraclual arrangements and from perforniance-related granis. Grants receivable are recognised when the charity becomgs unconditionally gnlilled to the granl. Iv) Inveslmenl income is included when ieceiv8ble. Ivil Income is deferred when it is received in one financial period but relates to a future peri¢Jd. This may happen for example when a Contrad indudes a mobilisation advance or upfront payment for a period that straddles the year end. dl Expendlture Expenditurè is r8cognlsgd on an acwals basis as a liability is incurred, and indudes any VAT whlch Cannot bo recovored. lil Expenditurè on charitabl8 activities comprisgs èxpenditurè rolatgd to the dirèct furth8rance of thg charity's objectives. Where costs cannot be directly attribvted. Ihey have Ixen 811¢)caled lo activities on 8 basis consistent with the use of resources. {iil Support Costs relate lo those functions that assist the w(wk of the charity bul do not directly undertake charitable activitses. Support costs include back office cosls. finance, personnel and governance costs. These costs have been allocated on a basis consislent wth the use of resources. liiil The value of services prOV￿ed by volunteers has not been induded as expenditure in these accounts. lel Tangible fixed assets and dep￿claI70n Tangible fixed assets costing over £500 linduding any irridental expenses of acquisition) are capitalized. Climate Science Limited Notes to the accounts for the year ended 31st December 2022 2 Income 2022 2021 Donatlons Prowin Rajendra Vallabh St8inberg8r Consulting Schmidt Futures The Dixon Foundation Aarti Industries Ltd Other 25,134 45,000 5,000 3,540 40,OOCI 10,50Q 3,721 2.234 80,908 54,221 Other donation includes various small donations by individuals and corporates. 2022 2021 Fee Income The Charity did not have any lee income in sear. 3 Expendlture During the period the ch8rity incurred the following costs: Charltabl¢ Governance & a¢tlvllle$ support 2022 2021 Stsff Cost Freelance Project Staff Events Travel and Subsistance Project Materials Support Cost Independent examination 14,988 64,405 12.984 325 8,292 4,783 14,988 64,405 12,984 325 8.292 4,783 3,504 30,361 71,191 8,757 512 7,454 4,448 1,000 3.$04 105.777 109,Z81 128,873 10 Climate Science Limited Notes to the accounts for the year ended 31st December 2022 4 Staff Costs 2022 2021 Gross wages and salaries Pension 14.658 330 29,719 642 14,988 30,361 staff cost have been analysed as 100% direct charitable expenditure. The Charity is eligibb to claim ernp1o￿ent allowance and did not have any Employerfs National Insurance liability in year. The key management p8rsonng1 of the charity comprise the trustees. No ramunerat￿n was paid to th8 Trustees 12021.. Nil) 5 Fixed Assets Offic• Equlpment Cost At slart of p9ri0d Additions In year 779 At 31 December 2022 779 O•preclatlon Al start of perityj Charge lor the penod 519 At 31 Dgcgmber 2022 779 Not Book Value at 31 Oecemb•r 2022 Net Book Value at 31 December 2021 519 6 Credltors 2022 2021 Trade creditors Taxation. social security and pension Accruals 13,042 2.739 2,691 1,35Q 528 18,472 3,178 Climate Science Limited Notes to the accounts for the year ended 31st December 2022 7 Movements in funds At 1st January 2022 At31 D•cambar 2022 Transfèr Inlloutl Ineom• Ex￿ndItur& Total unrestrlctsd funds 56,639 80,908 1109,2811 28,266 Movements In funds prlor year At 1st January 2021 At31 D8c•mbor 2021 Transfér Inlloull In¢omo Expondlture R•strl¢t•d Funds.. Gower Street Foundation Eric and Wendy Schmidl Fund 3,323 97,384 13,6201 197.6911 297 307 Total r•$lrf¢tsd funds 100,707 1101,3111 604 Total unre8trl¢tod fund¥ 18,616 66,189 127,5621 16041 56,639 TOTAL FUNDS 119,323 66,189 1128,8731 56,639 Gowgr Slrg91 Foundation Implemenlation of app and web-based communications and online training programme. website ¢Jevelopmenl, software, and increasing the capacity of online courses. Eric and W8ndy Schmidt Fund Supporbng lh8 d8v8lopment of th8 Climat8 Sci8nc8 Educational application. 8 Trustee remuneration and expenses None of the Trustees received any remuneration for their Servi￿ as trustees during the year. One Trustees was reimbursed travel expenses incurred in perfom)ing his duties as trustees lo a total value of £2212020.. £20.55). 9 Taxation Th8 charity is 8X8mpt from corrK)ration lax as all its inccmne is thar[tab￿ and is appli8d lor charitabl8 purposès. 12