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2022-12-31-accounts

Registered number: 13199784 Charity number: 1195686

CUI - COUNT US IN LIMITED operating as Count Us In

formerly known as Future Stewards Foundation formerly known as Leaders' Quest Foundation

(A Company Limited by Guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2022

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 5
Independent Auditor's Report on the Financial Statements 6 - 9
Statement of Financial Activities 10
Balance Sheet 11
Statement of Cash Flows 12
Notes to the Financial Statements 13 - 29

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 DECEMBER 2022

Trustees L Levin (resigned 19 June 2023)
M Lyon
C Maddox
F Napier (resigned 26 July 2022)
N Topping (appointed 19 June 2023)
K Umeasiegbu
Company registered
number
13199784
Charity registered
number
1195686
Registered office
First Floor
10 Queen Street Place
London
EC4R 1BE
Company secretary
J Greenway
Independent auditor
Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG
Bankers
HSBC
6 Commercial Way
Woking
Surrey
GU21 6EZ

Page 1

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE PERIOD ENDED 31 DECEMBER 2022

The trustees present their annual report, together with the audited financial statements of CUI – Count Us In Limited (Count Us In) for the period ended 31 December 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the accounts and comply with the charity’s trust deed, the Charities Act 2011, the Charities Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS 102.

Objectives and activities for the public benefit

One of our charitable aims is to promote sustainable development through the preservation, conservation and protection of the environment and the prudent use of resources. We do this through ‘Count Us In’.

Count Us In is building a global community of people and organisations taking high-impact steps to address climate change. Over the next decade, we aim to inspire people who are aware of climate change (but not yet active) to take practical steps in their lives to reduce carbon pollution and persuade leaders everywhere to deliver solutions at scale.

Count Us In has collaborated with some of the world’s most respected climate science experts to identify a set of high-impact steps individuals can take to significantly reduce their emissions and, at the same time, influence leaders to deliver bold solutions to the climate crisis – at scale.

To reach people through their passions and interests, Count Us In works with some of the world’s largest and most ambitious organisations and communities.

Every step taken by the Count Us In community is part of our global aggregator, providing people with powerful evidence to understand, measure and promote effective action. To date, the Count Us In community has taken 17+ million steps to protect what they love from climate change.

Count Us In is backed by some of the world’s leading voices on climate action. These include the co-architects of the historic 2015 Paris Agreement, Christiana Figueres and Tom Rivett-Carnac; UN Climate Change HighLevel Champion at COP26, Nigel Topping; and a prominent group of voices across sport, film, music, policymaking and religion.

We are confident that we are building the largest and most ambitious citizen-led effort to avert the impacts of climate change. Our community spans over 100 organisations, ranging from the EU and WWF to IKEA and Tottenham Hotspur FC and the United Nations Environment Programme and EKTARA. You can learn more about our work with individuals, communities, organisations and action platforms here.

The Trustees confirm they have referred to Charity Commission guidance on public benefit when reviewing the charity’s objectives, approach, impact and future plans.

A review of our achievements and performance

In 2022, examples of our work with some of the world’s largest and most influential organisations include:

Page 2

(A Company Limited by Guarantee)

CUI - COUNT US IN LIMITED

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

Plans for the future

We will continue to focus on our efforts through the Count Us In initiative.

Fundraising

Due in large part to the generosity of our existing donor base, during 2022, the charity had no fundraising activities requiring disclosure under S162A of the Charities Act.

Financial review

During the period, the charity received income of £1,766,130 (2021: £2,822,466), a decrease from the previous year. This income relates to a 9-month period (April to December), as compared to the previous year’s metric of 12 months (April to March). In this period, Count Us In was the charity’s main activity, and the income was a mix of philanthropic funding from Quadrature Climate Foundation (Company No 12194319/ Charity No 1187301), plus sales and pro bono support. Count Us In runs campaigns with clients who pay for our advisory and/or platform services. These campaigns – which clients pay Count Us In to provide – are free to the end-user (general public). Clients include businesses, government agencies and other organisations wishing to run campaigns that drive climate action and ultimately inspire employees, consumers, audiences, members to take personal climate action. We also received the final installment from the Golden Bottle Trust grant to support our global network of LQ community members / changemakers.

Risk management

The Trustees regularly review major risks to which the Foundation is exposed, and are satisfied that systems are in place to mitigate those risks.

During the 2022 period, a key risk identified related to Count Us In income / fundraising strategy– namely the risk of clients/funding partners changing strategic course or deciding not to scale pilot programmes.

To mitigate this risk we will:

Reserves policy

The Trustees' policy is to maintain free reserves at a level of at least 25% of unrestricted expenditure. Based on this, the free reserves target for 2022 would be £4,754. At 31 December 2022, total funds amounted to £876,364. This includes restricted funds of £701,592. Unrestricted funds amount to £174,772. There are no designated funds or tangible fixed assets, and the free reserves therefore equate to £174,772. Our free reserves are above the target of £4,754. This has been considered by the Trustees and plans will be implemented to transfer the free reserves to NGOs in the Leaders’ Quest community via Future Stewards, Inc. (formerly Leaders' Quest Foundation-USA).

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 3

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2022

Structure, governance and management

Governing document . CUI – Count Us In Limited is registered in England under company number 13199784, and operates as Count Us In under charity number 1195686. Count Us In was established as an incorporated charity to take over the operations of Leaders’ Quest Foundation (LQF), charity number 1104192, which was a trust. All of the activities of LQF transitioned into the Count Us In charity on 1st April 2022.

Name. The name of the charity changed to Count Us In on 2 June 2023. Prior to this it was named ‘Future Stewards Foundation’.

Financial Year. The financial year for the charity is January to December. The financial year for the previous entity, LQF (charity number 1104192) was April to March, and so this set of accounts covers 9 months of financial data (April 2022 to December 2022), versus 12 months for the previous entity (LQF).

Trustees. The Trust Deed provides for a minimum of three Trustees; the charity currently has four Trustees. Any decision to appoint new Trustees is made by agreement by existing Trustees, with a view to building the diversity of skills and experience available on the Board. Candidates are sought through advertising and Count Us In networks, and shortlisted by an industry-leading recruitment agency. Potential candidates are interviewed by existing Board members and programme team members, and benefit from detailed introductory meetings and handover documents on joining the Board, including the charity’s policy documents and Minutes of recent Board meetings.

Organisational structure. At the quarterly Trustees’ meetings, the broad strategy and areas of activity for the charity are agreed. These include consideration of grant making, investment, reserves and risk management policies and performance. As there are no staff employed directly by the charity, this does not currently include any requirement to consider remuneration of key personnel.

Key management personnel. Currently, the charity is supported by Leaders’ Quest Ltd employees for administrative and programme support. Daily operational activities are delegated to this team, led by CFO Jodi Kamming, and guided by strategy and policy agreed at Trustees’ meetings. For example payments may be made and received as long as within thresholds authorised under the charity’s Financial Due Diligence policy. This operational team will propose key strategic and administrative topics for discussion, and draft policies for review, for the Trustees’ attention.

Network. The charity is an independent charity established for exclusively charitable purposes, and which is connected to a group of non-charities (which are not profit-distributing). The charity works with Future Stewards, Inc. (formerly Leaders' Quest Foundation-USA) to raise funds. In addition, the charity works through Leaders’ Quest Ltd and trusted partner organisations to deliver its programmes. The charity retains overall independence in relation to its mission and activities. The Trustees have considered the Charity Commission’s guidance on charities connected to non-charities.

The charity Trustees are aware of the Charity Governance code, including the updates to the code in 2020 in relation to equality, diversity and inclusion. The Trustees are in the process of reviewing the code and ensuring it is applied.

Trustees’ responsibilities statement

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 4

CUI- COUNT US IN LIMITEO IA Company Limited by Guarantèe) TRUSTEES. REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 DECEMBER 2022 The law applicable lo chari118s in England & Wales requires the Trustees to prepare financial slalements for each financial year which give a true and fair wew of the stale of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to.. Sele¢t suitable a￿o￿ntIng policies and apply them consistently. ObseTve the methods and principles in the Charities SORP. Make judgments and accounting eslimales that are reasonable and prudent. Prepare the financial slalements on the going-concem basis unless11 is inappropriate to presume that the charity will continue in operation. The TrLJslees are responsible for keeping proper accounting records that are sufficient lo show and explain the charity's transactions and disclose with reasonable accuracy at any lime the financial ty)silion of the charity and enable them lo ensure that the financial slalemenls ¢omply with the Charities Acl 2011, the Charity IA¢counls and Reports} Regulations 2008 and the provisions of the Trust Deed. They are also responsible lor safeguaTding the assets of the charity and hence for taking reasonable steps for the prevention and detection ol fraud and other irregularities. Dlsclosure of Information to auditor Each of the persons who are Truslefys at the lime when this Trijslees. report is approved has confirmed that, so far as that Trustee is aware, there is no relevant audit information ol which th8 ¢harily's auditor is unaware, and that Trustee has taken all the steps that ought lo have been taken as a Trustee in order lo be aware of any relevant audit information and to establish that the ¢hariWs auditor is aware of that information. Auditor The auditor, Crowe U.K. LLP, has indicated his willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor al a meeting of the Trustees. Approved by order of the members of the board of Trustees and signed on their behalf by.. •A. L.LJ C Maddox ++4- 12" ge(Icth- Date.. Page 5

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CUI - COUNT US IN LIMITED

Opinion

We have audited the financial statements of CUI - Count Us In Limited (the 'charity') for the period ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 6

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CUI - COUNT US IN LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease

Page 7

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CUI - COUNT US IN LIMITED (CONTINUED)

operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the Company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the Company’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the Company for fraud. The laws and regulations we considered in this context for the UK operations were General Data Protection Regulation (GDPR), Anti-fraud, bribery and corruption legislation, environmental protection legislation, Health and safety legislation, Taxation legislation and Employment legislation.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Directors and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be in the following areas: timing of recognition of income; the override of controls by management, including posting of unusual journals; and inappropriate treatment of non-routine transactions and areas of estimation uncertainty.

Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, review and discussion of non-routine transactions, sample testing on the posting of journals and income transactions, review of accounting estimates for biases, and review of governor meeting minutes.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.

Page 8

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CUI - COUNT US IN LIMITED (CONTINUED)

Use of our report

This report is made solely to the Charity's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Kerry Brown (Senior Statutory Auditor)

for and on behalf of

Crowe U.K. LLP

Statutory Auditor Black Country House Rounds Green Road

Oldbury West Midlands B69 2DG

Date: 27 September 2023

Page 9

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD ENDED 31 DECEMBER 2022

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income
Expenditure on:
Raising funds
Charitable activities
7
Total expenditure
Net (expenditure)/income
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds transferred in/brought
forward
Net movement in funds
Total funds carried forward		 Restricted
funds
10 month
period ended
31 December
2022
£
235,773
1,517,589
1,842
-
1,755,204
235,773
1,779,373
2,015,146
(259,942)
(3,178)
(263,120)
964,712
(263,120)
701,592		 Unrestricted
funds
10 month
period ended
31 December
2022
£
925
10,000
-
1
10,926
-
11,819
11,819
(893)
3,178
2,285
172,487
2,285
174,772		 Total
funds
10 month
period ended
31 December
2022
£
236,698
1,527,589
1,842
1
1,766,130
235,773
1,791,192
2,026,965
(260,835)
-
(260,835)
1,137,199
(260,835)
876,364		 Total
funds
Leaders'
Quest
Foundation
year ended
31 March
2022
£
1,389,744
1,432,722
-
-
2,822,466
626,277
2,051,066
2,677,343
145,123
-
145,123
992,076
145,123
1,137,199

The comparatives for CUI - Count Us In Limited (formerly Future Stewards Foundation) for the year ended 28 February 2022 was nil for all lines.

The Statement of Financial Activities includes all gains and losses recognised in the period.

The notes on pages 13 to 29 form part of these financial statements.

Page 10

CUI . COUNT US IN LIMITED IA Company Limitèd by Guarantee) REGISTERED NUMBER.. 13199784 BALANCE SHEET AS AT 31 DECEMBER 2022 Leaders, Quesl Foundation 31 March 2022 31 December 2022 Note Current assets Debtors Cash al bank and in hand 12 434.427 1,097.241 270,676 1, 116.491 1.531,668 9,387, 167 Creditors: amounts falling due within one year 13 (655.3041 [249,968) Net current assets 876,364 1, 937. 199 Total net assets 876,364 1, 737, 199 Charity funds Restricted funds Unrestricted funds 14 14 701,592 174.772 964.712 172,487 Total funds 876,364 1, 137, 199 The comparatives for CUI - Count Us In Limitsd (fomjerly Future Stewards Foundation) for the year end8d 28 February 2022 was nil for &ll lines. The Trustees acknowledge their responsibilitie5 for complying with the requirements ol the Act with respect to accounting records and preparation of financial slalemenls. The financial statements have been prepared in accordance with the provisions applicable to entities subject lo the small Companies regime. Th6 financial 8tstements were approved and aulhorised for issue by the Trustees and slgned on Ih8lr behalf by.. C Maddox Chair Dale.. 17L •ts- X27 The notes on pages 13 10 29 form part of these financial slalements. Page11

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 DECEMBER 2022

Note
Cash flows from operating activities
Net cash used in operating activities
17
Change in cash and cash equivalents in the period
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period
18
The notes on pages 13 to 29 form part of these financial statements		 10 month
period ended
31 December
2022
£
(19,250)
(19,250)
1,116,491
1,097,241		 year ended
31 March
2022
£
648,405
648,405
468,086
1,116,491

Page 12

(A Company Limited by Guarantee)

CUI - COUNT US IN LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

1. General information

CUI - Count Us In Limited is a Company limited by guarantee (registered number 13199784), which is incorporated and registered in England and Wales. It is a registered Charity in England and Wales (Charity number 1195686). The registered office and primary place of business is First Floor, 10 Queen Street Place, London, EC4R 1BE. A description of the Charities principal activities and operations can be found in the Trustees report.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

CUI - Count Us In 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.

Merger and accounting period length

CUI - Count Us In Limited (formerly known as Future Stewards Foundation) was dormant from its incorporation in February 2021 until 1 April 2022. On 1 April 2022 it merged with Leaders' Quest Foundation (Charity number 1104192) and acquired all of its activities.

These financial statements are for a 10 month period due to CUI - Count Us In Limited shortening it's accounting period end from 28 February 2023 to 31 December 2022. The comparatives are for a 12 month period of Leaders' Quest Trading, due to CUI - Count Us In Limited being dormant for the whole of that period. The comparative balance sheet at 31 March 2022 is that of Leaders' Quest Foundation (CUI - Count Us In Limited had a balance sheet of nil net assets at both 28 February 2022 and 31 March 2022). The current 10 month period incorporates the dormant first month of CUI - Count Us In Limited and then the newly merged entity figures from 1 April 2022.

2.2 Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 13

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Due to its nature this is a significant estimate.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 14

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.9 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 15

(A Company Limited by Guarantee)

CUI - COUNT US IN LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

3. Income from donations and legacies

Restricted
funds
10 month
period ended
31 December
2022
£
Donations
-
Donation in kind
235,773
Total 2022
235,773
Donations
Donation in kind
Total 2022		 Unrestricted
funds
10 month
period ended
31 December
2022
£
925
-
925
Restricted
funds
12 months
ended
31 March
2022
£
763,467
626,277
1,389,744		 Total
funds
10 month
period ended
31 December
2022
£
925
235,773
236,698
Total
funds
12 months
ended
31 March
2022
£
763,467
626,277
1,389,744		 Total
funds
10 month
period ended
31 December
2022
£
925
235,773
236,698
Total
funds
12 months
ended
31 March
2022
£
763,467
626,277
1,389,744
236,698
Total
funds
12 months
ended
31 March
2022
£
763,467
626,277
1,389,744

Restricted donations in kind include £190,773 from Accenture (March 2022: £611,277) and £45,000 from other external partners (March 2022: £15,000).

Page 16

(A Company Limited by Guarantee)

CUI - COUNT US IN LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

4. Income from charitable activities

Restricted
funds
10 month
period ended
31 December
2022
Unrestricted
funds
10 month
period
ended
31
December
2022
£
£
Grants
562,001
-
Consultancy Income
955,588
10,000
Total 2022
1,517,589
10,000		 Total
funds
10 month
period ended
31 December
2022
£
562,001
965,588
1,527,589

Included within consultancy income is a gain on foreign exchange from the receipt of dollars in the year of £61,389.

Grants
Consultancy Income
Total 2022		 Restricted
funds
12 month
ended
31 March
2022
£
1,420,941
-
1,420,941		 Unrestricted
funds
12 month
ended
31 March
2022
£
-
11,781
11,781		 Total
funds
12 month
ended
31 March
2022
£
1,420,941
11,781
1,432,722

Page 17

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

5. Income from other trading activities

Income from fundraising events

Restricted
funds
10 month Total Total
period funds funds
ended 10 month 12 month
31 period ended period ended
December 31 December 31 March
2022 2022 2022
£ £ £
Referral fees 1,842 1,842 -

6. Investment income

Unrestricted Total Total
funds funds funds
10 month 10 month 12 month
period ended period ended period ended
31 December 31 December 31 March
2022 2022 2022
£ £ £
Interest receivable 1 1 -

Page 18

(A Company Limited by Guarantee)

CUI - COUNT US IN LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

7. Analysis of expenditure on charitable activities

Summary by fund type

Programme delivery and evaluation
Donations
Sundry expenses
Governance costs
Total 2022
Programme delivery and evaluation
Donations
Sundry expenses
Governance costs
Total 2022		 Restricted
funds
10 month
period ended
31 December
2022
Unrestricted
funds
10 month
period ended
31 December
2022
Total
10 month
period ended
31 December
2022
£
£
£
1,747,345
14,464
1,761,809
15,000
-
15,000
(2,063)
(3,767)
(5,830)
19,091
1,122
20,213
1,779,373
11,819
1,791,192
Restricted
funds
12 month
period ended
31 March
2022
Unrestricted
funds
12 month
period ended
31 March
2022
Total
12 month
period ended
31 March
2022
£
£
£
1,843,162
(6,721)
1,836,441
125,000
9,990
134,990
48,150
(12,371)
35,779
-
43,856
43,856
2,016,312
34,754
2,051,066
1,779,373
Restricted
funds
12 month
period ended
31 March
2022
£
1,843,162
125,000
48,150
-
2,016,312

Page 19

(A Company Limited by Guarantee)

CUI - COUNT US IN LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

8. Analysis of expenditure by activities

Programme delivery and evaluation
Donations
Sundry expenses
Governance costs
Total 2022
Programme delivery and evaluation
Donations
Sundry expenses
Governance costs
Total 2022		 Activities
undertaken
directly
10 month
period ended
31 December
2022
£
1,761,809
15,000
(5,830)
-
1,770,979
Activities
undertaken
directly
12 month
period ended
31 March
2022
£
1,836,441
134,990
35,779
-
2,007,210		 Support
costs
10 month
period
ended
31
December
2022
£
-
-
-
20,213
20,213
Support
costs
12 month
period ended
31 March
2022
£
-
-
-
43,856
43,856		 Total
funds
10 month
period ended
31 December
2022
£
1,761,809
15,000
(5,830)
20,213
1,791,192
Total
funds
12 month
period ended
31 March
2022
£
1,836,441
134,990
35,779
43,856
2,051,066

Page 20

(A Company Limited by Guarantee)

CUI - COUNT US IN LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

9. Auditor's remuneration

10 month 12 month
period ended period ended
31 December 31 March
2022 2022
£ £
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts 10,000 8,900

10. Staff costs

During the year pro bono support was provided at a calculated value of £235,773 (March 2022 - £626,277) and has been recognised as a donation in kind.

This year staff costs have been recharged to CUI - Count Us In Limited to the value of £532,050 (March 2022: £674,701)

The key management personnel of the charity comprise Trustees and the Senior Management Team. No employee benefits were paid to key management personnel directly through Count Us In during the year however of the pro bono support noted above £Nil related to services provided by key management personnel (March 2022: £Nil). In the current year staff costs were recharged from Leaders' Quest limited and of these costs £269,250 (March 2022: £579,500) related to key management personnel.

11. Trustees' remuneration and expenses

During the period, no Trustees received any remuneration or other benefits (2022 - £NIL) .

During the period ended 31 December 2022, no Trustee expenses have been incurred (2022 - £NIL) .

12. Debtors

Due within one year
Trade debtors
VAT recoverable		 31 December
2022
£
142,215
292,212
434,427		 31 March
2022
£
194,189
76,487
270,676

Page 21

(A Company Limited by Guarantee)

CUI - COUNT US IN LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

13. Creditors: Amounts falling due within one year

Trade creditors
Amounts owed to group undertakings
Accruals and deferred income
Deferred income
Resources deferred during the period and outstanding at period end		 31 December
2022
£
39,491
53,723
562,090
655,304
31
December
2022
£
500,000		 31 March
2022
£
95,855
145,211
8,902
249,968
31 March
2022
£
-

Deferred income relates to a £1million grant received in the year which covers a 2 year period, £500,000 is therefore considered deferred income at the year end.

Page 22

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

14. Statement of funds

Statement of funds - current period

Unrestricted
funds
General Funds
Restricted
funds
Anonymous
donation
Porticus
Regenerative
Economies
Count Us In
Porticus -
Countdown
Kenya Host -
CleanStart
Total of funds		 Transferred
in at 1 April
2022
£
172,487
5,480
(5,530)
961,534
1,478
1,750
964,712
1,137,199		 Income
£

10,926
-
-
1,755,204
-
-
1,755,204
1,766,130		 Expenditure
£
(16,822)
-
-
(2,018,388)
-
-
(2,018,388)
(2,035,210)		 Transfers
in/out
£
3,178
(5,480)
5,530
-
(1,478)
(1,750)
(3,178)
-		 Gains/
(Losses)
£
5,003
-
-
3,242
-
-
3,242
8,245		 Balance at 31
December
2022
£
174,772
-
-
701,592
-
-
701,592
876,364

Page 23

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

14. Statement of funds (continued)

Statement of funds - prior period

Unrestricted
funds
General Funds
Restricted
funds
Anonymous
donation
Porticus
Regenerative
Economies
Count Us In
Porticus -
Countdown
Kenya Host -
CleanStart
Total of funds		 Balance at
1 April 2021
£
195,553
5,480
25,846
688,294
76,903
-
796,523
992,076		 Income
£
11,781
-
-
2,644,869
129,066
36,750
2,810,685
2,822,466		 Expenditure
£
(47,224)
-
(31,376)
(2,370,292)
(204,491)
(35,000)
(2,641,159)
(2,688,383)		 Transfers
in/out
£
-
-
-
-
-
-
-
-		 Gains/
(Losses)
£
12,377
-
-
(1,337)
-
-
(1,337)
11,040		 Balance at
31 March
2022
£
172,487
5,480
(5,530)
961,534
1,478
1,750
964,712
1,137,199

Page 24

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

14. Statement of funds (continued)

Anonymous donation - Investing in non-profit organisations in Israel and Palestine.

Porticus Regenerative Economies - A deep-dive study into new economic thinking broadly defined as 'regenerative economics'. Including a project to prototype and test a set of tools and interventions, to inspire and mobilize a network of business leaders to accelerate the shift to regenerative business.

Count Us In - A programme to raise awareness of the effects of climate change and encourage people to change their practices to reduce carbon emissions. It aims to inspire individuals, communities and organisations to significantly reduce their carbon pollution and challenge world leaders to deliver bold, global change. Count Us In is funded by grants from Quadrature Climate Foundation and other donations.

Porticus - Countdown - A project to use worldwide, freely accessible arts-based projects to maximise understanding and awareness of sustainable development and climate change. Part of Countdown, a global leader-supported initiative that champions and accelerates solutions to the climate crisis.

Kenya Host - CleanStart - A programme based in Kenya, preventing the poverty - crime - incarceration cycle, by equipping formerly incarcerated women and youth with entrepreneurial skills and jobs for a sustainable decent livelihood.

Transfers during the period between the restricted funds under the name of Leaders' Quest Foundation and the unrestricted funds occurred due to them being for projects no longer applicable and therefore it was agreed with the grantors and donors of the restricted funds to reallocate these funds.

Page 25

CUI - COUNT US IN LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

15. Summary of funds

Summary of funds - current period

General funds
Restricted
funds		 Transferred
in at 1 April
2022
£
172,487
964,712
1,137,199		 Income
£
10,926
1,755,204
1,766,130		 Expenditure
£
(16,822)
(2,018,388)
(2,035,210)		 Transfers
in/out
£
3,178
(3,178)
-		 Gains/
(Losses)
£
5,003
3,242
8,245		 Balance at 31
December
2022
£
174,772
701,592
876,364

Summary of funds - prior period

General funds
Restricted funds		 Balance at
1 April 2021
£
195,553
796,523
992,076		 Income
£
11,781
2,810,685
2,822,466		 Expenditure
£
(47,224)
(2,641,159)
(2,688,383)		 Gains/
(Losses)
£
12,377
(1,337)
11,040		 Balance at
31 March
2022
£
172,487
964,712
1,137,199

Page 26

(A Company Limited by Guarantee)

CUI - COUNT US IN LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

16. Analysis of net assets between funds

Analysis of net assets between funds - current period
Current assets
Creditors due within one year
Total
Analysis of net assets between funds - prior period
Current assets
Creditors due within one year
Total		 Restricted
funds
31 December
2022
£
701,592
-
701,592
Restricted
funds
31 March
2022
£
964,712
-
964,712		 Unrestricted
funds
31 December
2022
£
830,076
(655,304)
174,772
Unrestricted
funds
31 March
2022
£
422,455
(249,968)
172,487		 Total
funds
31 December
2022
£
1,531,668
(655,304)
876,364
Total
funds
31 March
2022
£
1,387,167
(249,968)
1,137,199

Page 27

(A Company Limited by Guarantee)

CUI - COUNT US IN LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

17. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the period (as per Statement
Activities)
Adjustments for:
Gains on foreign exchange
(Increase)/decrease in debtors
Increase in creditors
Net cash provided by/(used in) operating activities
18.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
19.
Analysis of changes in net debt
Cash at bank and in hand		 of Financial
At 1 April
2022
£
1,116,491
1,116,491		 10 month
period ended
31 December
2022
£
(260,835)
8,245
(163,751)
405,336
(11,005)
31 December
2022
£
1,097,241
1,097,241
Cash flows
£
(19,250)
(19,250)		 10 month
period ended
31 December
2022
£
(260,835)
8,245
(163,751)
405,336
(11,005)
31 December
2022
£
1,097,241
1,097,241
Cash flows
£
(19,250)
(19,250)		 year ended
31 March
2022
£
145,123
11,040
312,681
190,601
659,445
31 March
2022
£
1,116,491
1,097,241 1,116,491
Cash flows
£
(19,250)
(19,250)		 At 31
December
2022
£
1,097,241
1,097,241

Page 28

(A Company Limited by Guarantee)

CUI - COUNT US IN LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022

20. Related party transactions

The charity benefits from certain staff time from connected companies including Leaders Quest LLC of which the Trustee LC Levin is a director. During the period staff costs were recharged to the charity, totalling £Nil (March 2022: £91,488). At the year-end £Nil (March: £91,448) was owed to Leaders' Quest LLC.

The charity benefits from certain staff time donated by connected companies including Leaders' Quest Limited. During the period staff costs were recharged to the charity, totalling £532,050 (March 2022: £704,701). At the year-end £53,723 (March 2022: £53,723) was owed to Leaders' Quest Limited.

The charity works with Future Stewards (formerly Leaders' Quest Foundation-USA) to raise funds and facilitate grants. The charity received donations from Future Stewards totalling £62,000 (March 2022: £264,664). At the year end, £Nil (March 2022: £Nil) was due to the charity

In addition to the above the charity received donations of £Nil (March 2022: £1,000) from Trustees.

Page 29