2023-06-30-accounts - Zero Ideas

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Trustees’ Annual Report 2023

Trustees’ Annual Report for the period from 1 July 2022 to 30 June 2023

Zero Ideas, a Charitable Incorporated Organisation in England & Wales. Registered Charity Number 1199593.

Objectives and activities

The objects of Zero Ideas, as set out in our governing document, are:

To promote sustainable development for the benefit of the public by the promotion of sustainable means of achieving economic growth and regeneration.

To advance the education of the public in subjects relating to sustainable development and the protection, enhancement and rehabilitation of the environment and to promote study and research in such subjects provided that the useful results of such study are disseminated to the public at large.

Sustainable development means "development which meets the needs of the present without compromising the ability of future generations to meet their own needs".

In pursuit of these objects, Zero Ideas conducts primary and secondary research, and develops and disseminates materials, to challenge business and government thinking on climate change and climate action. We seek to introduce business and government leaders to research and ideas that will drive new mindsets and approaches, advancing the world’s climate action for the public benefit everywhere.

Our principal activities to this end are:

Research, writing and publishing papers to constructively criticise prevailing approaches to climate action where these may be ineffective or not as effective as could be, and propose alternative approaches;
Disseminating the insights from this research through direct engagement with business and government leaders and their influencers;
Designing, conducting and analysing primary research into public and other audience perceptions and acceptance of different climate solutions, to inform the research above.

Our research is made available to the public on our own website at zeroideas.org, posted on LinkedIn (linkedin.com/company/zeroideas) and published through third parties where feasible.

Our trustees’ focus on both the research and dissemination of insights and ideas to advance climate action reflects the guidance issued by the Charity Commission on public benefit.

Achievements and performance

In this first accounting period we have researched and published the following papers (all available at https://zeroideas.org):

We must stop building a Soviet carbon economy (published in ESG on a Sunday newsletter)

Misplaced morality in companies’ climate action

Radical Realism: Climate action that is fast, feasible and universal (published on replanet.ngo )

What if climate justice means climate delay?

Making this a decade of delivery, not disclosure (published in Responsible Investor )

Liberating climate action from politics (published in Open Access Government)

Keeping politics out of companies’ climate action

We have also participated in the research design, execution, analysis, report writing and dissemination of The world wants new nuclear , a research report from the four NGOs Clearpath, Potential Energy, RePlanet and Third Way.

To disseminate our research output as widely as possible we established Zero Ideas’ web presence, worked with a PR firm to get by-lined publications, participated in conferences in New York and Tokyo, and engaged directly with business and government leaders.

Financial review

In this first financial period, we received donations totalling £67,549. We spend £13,214 on charitable activities, leaving reserves of £54,335 carried forward into 2023-2024.

The charity’s principal, and currently sole, source of funds is grants made by Simon and Shabana Giving, a grant-making charity set up and privately funded by two of the trustees of Zero Ideas. The grants made to Zero Ideas were intended to fund multiple years of activity in the absence of additional funding – hence the high level of reserves carried forward relative to money spent in the year.

Structure, governance and management

Zero Ideas is a Charitable Incorporated Organisation whose only voting members are its charity trustees. It is governed by a constitution that follows the Charity Commission model for such organisation.

There is no maximum number of trustees. New trustees must be appointed by a resolution passed at a properly convened meeting of the charity trustees. There are no term limits for our trustees.

Reference and administrative details

Charity name: Zero Ideas

Registered charity number: 1199593

Charity’s principal address: Ridge Point, St Mary’s Hill, Ascot SL5 9AP, United Kingdom

Trustees (all in office for the whole reporting year):

Simon Glynn Shabana Glynn Antoinette Valsamakis

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Simon Glynn Chair

Date: 23 October 2023

Annual Accounts 2023

Annual Accounts for the period from 1 July 2022 to 30 June 2023

Zero Ideas, a Charitable Incorporated Organisation in England & Wales. Registered Charity Number 1199593.

Section A: Statement of financial activities

Section B: Balance sheet

Section C: Notes to the accounts

Note 1. Basis of preparation

Note 28. Transactions with trustees and related parties

ZERO IDEAS	ZERO IDEAS	ZERO IDEAS	Charity No (if any)	1199593
Annual accounts for the period
Period start date	01-Jul-22	To	Period end date	30-Jun-23

Section A Statement of financial activities

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
67,549	-	-	67,549	-
-	-	-	-	-
-	-	-	-	-
-	-		-	-
-	-	-	-	-
-	-	-	-	-
67,549	-	-	67,549	-

-	-	-	-	-
13,214	-	-	13,214	-
-	-	-	-	-
-	-	-	-	-
13,214	-	-	13,214	-

54,335	-	-	54,335	-
-	-	-	-	-
54,335	-	-	54,335	-
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
54,335	-	-	54,335	-

-	-	-	-	-
54,335	-	-	54,335	-

Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04	Total last year £ F05
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
54,335	-	-	54,335	-
54,335	-	-	54,335	-

-	-	-	-	-

54,335	-	-	54,335	-

54,335	-	-	54,335	-

-	-	-	-	-
-	-	-	-	-

54,335	-	-	54,335	-

-			-	-
	-	-	-	-
54,335			54,335	-
			-
54,335	-	-	54,335	-

Signature		Print Name		Date of approval dd/mm/yyyy
		SimonGlynn

CC17a (Excel)

06/07/2023

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing • and with ü their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with ü the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)

• and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.* ü

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the conclusion that the charity is a going concern;

Disclosure of any uncertainties that make the going concern assumption doubtful; Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes No	ü	* -Tick as appropriate

Please disclose:

(i) the nature of the change in accounting policy;

(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and

(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to ac	countinges	timates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes No	ü	* -Tick as appropriate

Please disclose:

(i) the nature of any changes;

(ii) the effect of the change on income and expense or assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or more future periods.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes No	ü	* -Tick as appropriate

Please disclose:

(i) the nature of the prior period error; (ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and

(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.

CC17a (Excel)

06/07/2023

Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

Last year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE TRUE

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)		*TRUE*

Type of expenses reimbursed	This year	Last year
	£	£
Travel	-	-
Subsistence	-	-
Accommodation	-	-
Other (please specify):	-	-
	-	-
TOTAL	-	-
Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity
	0	0

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

This year

This year
There have been no related party transactions in the reporting period (True or False)	*TRUE*

Last year There have been no related party transactions in the reporting period (True or False)
	*TRUE*

CC17a (Excel)

06/07/2023

Independent examiner's report on the accounts

Section A Independent Examiner’s Report	Section A Independent Examiner’s Report
Report to the trustees On accounts for the year ended Set out on pages	Zero Ideas 30 June 2023 Charity no (if any) 1199593 (remember to include the page numbers of additional sheets) Pages 1-2
	(remember to include the page numbers of additional sheets) Pages 1-2

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30 / 06 / 2023 .

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Please delete the words in the brackets if they do not apply.

Signed: Name: Relevant professional qualification(s) or body (if any): Address:		06 August 2023

	Cory Charles Cruser

	N/A

	10 Redholm Park
	Greenheads Road
	North Berwick EH39 4TB

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of No material matters of concern to highlight any items that the examiner wishes to disclose .