2024-06-30-accounts - Zero Ideas

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report 2024

Trustees’ Annual Report for the period from 1 July 2023 to 30 June 2024

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 accounting period we have researched and published the following papers (all available at https://zeroideas.org and/or where indicated):

Economic incentives are key to driving sustainability at scale (a collaboration with the Financial Services Agency of Japan, published in MIT Sloan Management Review ; published with open access at zeroideas.org as Sustainable finance supply needs industrial strategy demand )

Later is too late: A comprehensive analysis of the messaging that accelerates climate action in the G20 and beyond (a collaboration with Potential Energy Coalition, the Yale Program on Climate Change Communication and the Meliore Foundation)

Why ‘transitioning away from fossil fuels’ is the right formula

Just because you should doesn’t mean you can (published in Responsible Investor )

Seeking Impact: Using theories of change to assess and guide corporate climate action (a collaboration with, and published by, the Centre for Climate Engagement at Hughes Hall, University of Cambridge, with a summary version published also by Chapter Zero)

(published in Responsible Investor )

As we financialise climate change, let’s learn from microfinance (published in Responsible Investor )

‘Science-based targets’ can never be what they say they are (published in Responsible Investor )

We have participated in conferences to share and discuss this research in London, New York, San Francisco, and Dubai (COP 28).

Financial review

We opened this financial period with a cash balance of £54,335. In this financial period, we received professional fees for research projects totalling £36,000, and other income of £400, for a total inflow of £36,400. We spent £9,479 on charitable activities, leaving reserves of £81,256 carried forward into 2024-2025.

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: 5 August 2024

Annual Accounts 2024

Annual Accounts for the period from 1 July 2023 to 30 June 2024

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-23	To	Period end date	30-Jun-24

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
-	-	-	-	54,335
36,000	-	-	36,000	-
-	-	-	-	-
-	-		-	-
-	-	-	-	-
400	-	-	400	-
36,400	-	-	36,400	54,335

-	-	-	-	-
9,479	-	-	9,479	-
-	-	-	-	-
-	-	-	-	-
9,479	-	-	9,479	-

26,921	-	-	26,921	54,335
-	-	-	-	-
26,921	-	-	26,921	54,335
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
26,921	-	-	26,921	54,335

54,335	-	-	54,335	-
81,256	-	-	81,256	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
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
81,256	-	-	81,256	-
81,256	-	-	81,256	-

-	-	-	-	-

81,256	-	-	81,256	-

81,256	-	-	81,256	-

-	-	-	-	-
-	-	-	-	-

81,256	-	-	81,256	-

-			-	-
	-	-	-	-
81,256			81,256	-
			-
81,256	-	-	81,256	-

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

CC17a (Excel)

08/08/2024

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 accounting estimates 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)

08/08/2024

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)

08/08/2024

', CHARItY (OM5(1 Indepond•nt •xaminerfs r•port on th• Fcrfi ENGIAtn IMJ WIIES account$ S•ttion A Independ•nt Eyarnin•r's R•p(Kt Rtyort Zw¢ Id•ii On 4¢¢ounl¥ l¢Ji lh• ymr 30 June 2024 Ch•rty no 11593 8•t a¥t On p•y• P4gM 1.2 bMl• ol r•wl I r•wn In WPILI Tnl ur¥Jw ••trn 145ollM 2011 AO Inevrying my •x&ryNn•ithi. I h#¥• foii¢wd •ll lh• ipplic•ty• Olva¥VIn ty tm cn•irty Ccnffl t••¢tlgn 14S(SMbl ol IP•d. Ihd•p•nO•nl I hm crfflpwed my •A•minilion I th•1 no mWlm¥ h •y•mln•¢• •tst•m•r+i rn• 10 my itt•rtbon m coDn•clth th• ff• <*JM lot¥•lh•t rn•i•n¥ I••PKI c4ty Chw or th•t th•aCc# ¥ irul Iv. • m•w I no concgml •nd ¥• •troii no otMrm•tt•f• In wn• Wlh thfr•xiMinth •rt•nIfi IUj t• In rnptyt In ed•rt••Mbkry • ryoyJi und•r•wndiw olthl 4t£thl0 b• 17 i>w2024 R•bbv•n¢ wo1•• or bo* ddr•M.' 162bChobham Rtrld AKol SL5 OHU Od2018

Sertjon Di•closury ij.i J QFIlLl. I t-.e ¢df.'.rflei to m•iiai mantr7 of cort¢r I1•• CC32 IrthperKknni examin41ioD ol eh&rrty accountl diiettions and l¢reAAtninet51 Glv• h•r• brW¢htslhol 4ny itèm• that th• •umin•i wlsh•• lo nl• Oct 2018