## **Green Jobs Foundation**
**Company No. 14540924 (England and Wales) Registered Charity No. 1205555**
## **Trustees' Report and Financial Statements**
**For the year ended 31 December 2024**
## **Contents**
Legal and Administrative Information **1** Trustees Directors’ Report Objectives and Activities **2** Public Benefit **3** Vision, Mission and Governance **3** 2024 Achievements **4** Financial Review and Risk Management **9** Strategy and Future Plans **10** Going concern **11** Reserves Policy and Conflicts of interest **12** Statement of trustees’ responsibilities **13** Independent Examiner’s Report to the Trustees and Members **15** Statement of Financial Activities **16** Balance Sheet **17** Notes to the Financial Statements **18**
## **Legal and Administrative Information**
**Green Jobs Foundation Company number** 14540924 (England and Wales)
**Charity number** 1205555 (England and Wales)
## **Company Registered Office and charity address**
## **Green Jobs Foundation**
Citizen Hub, 58 Market Square,
St Neots, Cambridgeshire PE19 2AA
## **Trustees/Executive Team**
**Chief Executive Officer:** Alex Hughes (appointed 11 September 2024)
## **Chief Financial Officer:** Jeremy Tatham
**Director:** Timothy Clark
## **Bankers:**
NatWest Bank
Chatham Rcsc
Western Avenue
Waterside Court
Kent
ME4 4RT
## **Independent Examiner:**
Moore Kingston Smith LLP 6th Floor
9 Appold Street
London EC2A 2AP
1
## **Trustees’ Annual Report For The Year Ended 31 December 2024**
Dear Stakeholders,
The Trustees present their report and financial statements for the period covering 1[st] January 2024 to 31 December 2024. The Directors of the Charitable Company are also its Trustees. The Accounts and Annual Report are required to comply with the requirements of Companies and Charities legislation and have therefore been prepared in accordance with the Companies Act 2006, the Charities Act 2011, and the Statement of Recommended Practice, Charities SORP (FRS 102) (effective 1 January 2019) and the provision of Part 15 of the Companies Act 2006 relating to small companies.
On behalf of the board of trustees of the Green Jobs Foundation, it is our privilege to present the Trustees’ Report for the period ended 31 December 2024. We extend our heartfelt gratitude to all who have supported our mission to mitigate employment risk and subsequent deprivation resulting from climate change. This report provides an overview of our activities, financial performance, and governance during the year.
## **Objectives and Activities**
The Green Jobs Foundation was established with the primary objective of creating sustainable employment opportunities and reducing the impact of climate change on individuals and communities.
Our aim is to:
- increase awareness in and access to Green jobs and skills;
- facilitate the employment of more people in green jobs versus traditional roles;
- ensure educators have age-appropriate teaching materials; and
- increase transparency reporting on risk of reduction of current/traditional roles.
The Foundation will also actively look for jobs over and above any initiatives required to achieve zero emission targets set by the UK government and will assist in the identification of any green job needs as a percentage of organisations of workforce.
The Green Jobs Foundation will deliver a just transition.
2
## **Public benefit**
As we become a greener economy, there is a fundamental shift required in employment. “Emerging roles” use new skills for roles that do not currently exist, “transitional roles” use current skills for new roles (e.g. gas boiler to heat pump engineers; EV mechanics rather than those traditionally needed for internal combustion engines) and “sunset roles” which are current skills in decline such as those in the oil industry.
There are vast regional and local variances on where and when the impact of this change will occur, resulting in risk of deprivation, primarily in already poor areas.
## **Vision**
Our vision is to improve the lives of millions of UK workers via the four “R”s: access to the right jobs, right skills, right places, and right times.
## **Mission**
The mitigation of employment risk and subsequent deprivation as a result of climate change by increasing access to and awareness of Green jobs.
## **Governance**
We recognise the importance of robust governance practices to ensure transparency, accountability, and effective decision-making.
The Foundation is set up as a not for profit charity. The CEO and senior leadership team are currently unpaid but the charity reimburses reasonable expenses such as travel costs where an individual is representing the charity outside of their primary work location.
Our governance structure and processes during the year included:
## 1. Board Composition and Changes:
Our dedicated board of trustees, consisting of three members, provided strategic direction and oversight.
Alex Hughes was appointed during the year on 11 September 2024. Joanna Bonnett resigned on 11 September 2024 and we thank her for her enormous contribution in getting the charity up and running.
3
## 2. Governance Policies and Procedures:
We implemented and embedded governance policies, including our Code of Conduct, to ensure alignment with evolving best practices.
We conducted regular board meetings to discuss the governance structure and to enhance governance effectiveness.
## **2024 Achievements**
2024 has been a year of acceleration and deeper engagement for the Green Jobs Foundation. With our research agenda maturing and our influence expanding, we’ve made significant strides in connecting government, industry, education, and community to realise the green economy's inclusive potential.
Thanks to the ongoing support of our contributors, we’ve built upon the foundations laid in 2023 to deliver substantial progress in both thought leadership and practical engagement. Our expanding network of partners continues to be instrumental in shaping and guiding our work.
## **Key highlights from 2024 include:**
Launched the research for our second national report, Are Green Jobs for Everyone?, exploring the intersection of social mobility, skills pathways and economic opportunity.
Ran a codesign programme engaging over 40 organisations across industry, education, and community sectors to gather insights and lived experience shaping our research.
Hosted at major events and panel discussions, including speaking at LSE alongside political and academic leaders, and leading sessions at the Cambridgeshire B2B Conference.
Contributed policy evidence to the UK Parliament’s Energy Security and Net Zero Committee, recognised as accepted written evidence.
Strengthened relationships with the energy and built environment sectors, opening new opportunities to pilot workforce development and inclusive hiring strategy in the coming years.
Delivered impactful youth engagement, including Green Enterprise Days with over 400 Year 9 students.
Formalised our strategic role in national conversations around green skills, with our membership in Anthropy and developing alliances with further education.
4
This year has proven the power of collective effort to shape a greener, fairer economy. It has positioned the Green Jobs Foundation as a trusted bridge between research and action.
## **2024 in pictures:**
**Opening keynote for Cambridgeshire & Peterborough Combined Authrority careers conference**
5
**200 reports handed to national leaders at Anthropy, spoke on various panels and cohosted dinner with EY Foundation**
6
**Hosted a session on future of green skills with King’s Foundation & City & Guilds at Livery Climate Action Conference**
**Live interview with Andy Brown (Then CSO) with Anglian Water staff on Green Jobs Foundation**
7
**Hosted a panel on the future of green jobs at Chambers of Commerce conference**
**Attended UKREiiF and contributed to a Social Value Summit workshop**
8
## **Financial Review**
- **Income:** £119,577 (from donations, grants, and legacies)
- **Expenditure:** £113,818 (on charitable activities)
- **Net income:** £5,759
- **Total assets (as of 31 December 2024):** £20,483 (cash reserves)
- **Net assets:** £12,383
## **Risk Management**
Mitigating risks and ensuring the resilience of our operations remains fundamental to delivering on our mission.
As the Green Jobs Foundation grows in both visibility and influence, our risk landscape evolves. We continue to maintain robust governance and oversight across the charity to ensure we are positioned to respond quickly and confidently to any emerging challenges.
## **Key strategic risks identified in 2024 include:**
Policy and Political Shifts: With multiple layers of government reviewing climate-related policy, there remains a risk that support for the green economy could become deprioritised. Changes in leadership, fiscal pressures, or broader political instability may impact funding, collaboration, or the urgency of action across sectors. Our work continues to bridge cross-sector momentum and make the case for continuity and commitment to green jobs as a national imperative.
Sustainable Funding: As our activity increases, we are focused on transitioning from a start-up charity to a financially sustainable organisation. A key risk is the current reliance on voluntary hours and limited-term project funding. Our strategy includes diversifying income through philanthropy, sponsorships, and commissioned programmes aligned with our mission.
The Trustees maintain full responsibility for the governance and risk management of the Foundation. Risks are assessed and documented within an annual governance calendar, with regular oversight and decision-making grounded in risk-aware planning.
9
Key actions this year have included:
- A full insurance review across all operations and trustee liability policies.
- Annual updates to governance documents including our Code of Conduct and Conflict of Interest policy.
- Continued use of trusted third-party specialists for IT, digital services, and financial compliance.
We are confident that these steps, combined with open dialogue between trustees, executive leadership and our strategic partners, place us in a strong position to respond to changing circumstances and continue delivering impactful work.
Risk will continue to be actively monitored by the Board, with annual reviews and scenario planning aligned to our future ambitions.
## **Strategy and Future Plans**
Looking ahead, The Green Jobs Foundation remains committed to its mission of mitigating employment risk and subsequent deprivation resulting from climate change. Reflecting on our latest insights from the "Are Green Jobs For Everyone?" report, our priorities for the upcoming year include:
## 1. Scaling Impact:
Expand our reach and create more green job opportunities by forging strategic partnerships with industry leaders, governmental organisations, and influential social impact groups.
Increase regional initiatives to address location-based disparities in green job access, particularly targeting areas facing significant economic challenges and where green transitions are most needed.
## 2. Advocacy and Awareness:
Strengthen our advocacy efforts to promote the broad recognition of green jobs across sectors, emphasising that green skills extend beyond clean energy to include roles in construction, finance, education, and digital technology.
Raise public and stakeholder awareness about the crucial link between climate action, employment risk, and the urgent necessity for inclusive economic participation, ensuring clarity and simplicity in communications to broaden understanding and engagement.
10
## 3. Inclusion and Accessibility:
Develop and implement targeted programmes addressing the barriers identified in our report, specifically focusing on underrepresented groups including young people Not in Education, Employment, or Training (NEET), women, and ethnic minorities.
Enhance collaborations with Further Education institutions and community organisations to ensure accessible pathways into green employment are widely available.
## 2–5 year plan:
The Trustee board will further refine its strategy, issuing annual, actionable research papers, strengthening our credibility through enhanced industry accreditation, and deepening stakeholder engagement, particularly with regional and sector-specific bodies to amplify our national impact.
## 5–10 year plan:
Transition fully towards a sustainable, scalable model of operation, embedded in BAU processes. Establish the Foundation as a central hub in national and international conversations about green skills and inclusive employment, expanding our influence beyond existing networks and solidifying our role as an essential partner to industry, government, and social organisations.
## **Going concern**
The Financial Statements have been prepared on a going concern basis.
Net assets at the balance sheet date were £12,383 and net current assets at the balance sheet date were £12,383. At the year-end, the balance of cash and bank balances held by the charity was £20,483 and the level of unrestricted reserves is £12,383.
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.
11
## **Reserves Policy**
Our reserves policy is set to achieve a balance between ensuring that our work is protected from the risk of disruption that occurs at short notice because of a lack of funds and ensuring we do not retain income for longer than required.
The Trustees have determined that the charity needs free reserves for the following purposes:
- To protect against unforeseen income fluctuations;
- To provide the resources to enable the organisation to execute its strategy to diversify income streams;
- To provide working capital for the effective running of the organisation;
- To enable The Green Jobs Foundation to invest in emerging opportunities should the trustees decide to; and
- To prepare for the launch of a new project or service such that a significant proportion of funding is secured ahead of the project launch.
We plan to utilise these reserves as we move towards a greater level of income diversification and also continue to grow the charity so we can maximise our impact. The importance of holding significant reserves cannot be underestimated as it will enable us to absorb fluctuations in income and continue to make decisions that are in the best interests of the charity and its stakeholders.
## **Conflicts of interest:**
We have identified no conflicts of interest during the current and prior year.
## **Conclusion and Thank You**
In conclusion, we extend our sincere gratitude to all our partners for their unwavering dedication and commitment to The Green Jobs Foundation. Your contributions have played an instrumental role in our achievements and impact in this first year. We look forward to continued collaboration as we strive to build a more sustainable and equitable future.
12
For more information about our work or to get involved, please visit our website or contact our office.
Contact: info@greenjobsfoundation.org
Website: www.greenjobsfoundation.org
LinkedIn: https://uk.linkedin.com/company/green-jobs-foundation
## **Statement of Trustees’ Responsibilities**
The charity Trustees, who are also the Directors of The Green Jobs Foundation Limited for the purposes of company law, 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).
Company law requires the charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the Charitable Company and of the incoming resources and application of resources, including the income and expenditure of the charity for that year. In preparing the financial statements, the Trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgments and estimates that are reasonable and prudent;
- State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statement; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees have complied with section 17(5) of the Charities Act 2011 by having due regard to the Charity Commission’s guidance on public benefit.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the Charitable Company and enable them to ensure that the financial statements comply with the Companies Act 2006.
13
They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The charity has taken advantage of the exemptions available to small companies and has not prepared a strategic report.
This report was approved by the Board of Trustees on 2025 and signed on their behalf by: 14 September
Chair:
Trustee:
Alex Hughes
Timothy Clark
14/09/2025
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14/09/2025
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14
Independent Examiner's Report to the Trustees of
Green Jobs Foundation
I report lo the charity Iruslees on my examination of the accounts of the Company for the year ended 31
December 2024.
Responsibilities and basi$ of report
As the charity's trustees of the Company land also ils directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
20061'the 2006 Act'l.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of
the 2006 Act 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 I'the 2011 Act'l. In carrying out
my examination I have followed the Directions given by the Charities Commission under section 145151 Ibl
of the 2011 Act.
Independent examinerfs statement
I have completed my examination. I confirm that no matters have Come lo my attention in connection with
the examination giving me cause lo believe..
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act,.
or
2. the accounts do not accord with those records,. or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the acounls give a 'true and fair view, which is not a matter considered as part of an
independent examination., or
4. the accounts have not been prepared in accordanTr with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities.
I have no concems and have come across no other matters in connection wth the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
N,- k• QEI LLP
Adam Fullerton IFCA DChAI
For and On Behalf of Moore Kingston Smith LLP
9 Appold Street
London
EC2A 2AP
Date.. 15 Seplernber 2025
15
Green Jobs Foundation
Statement of Financial Activities
for the year ended 31 December 2024
Restricted
Funds
2024
Unrestricted
Funds
2024
Total
2024
Total
2023
Note
Income from:
Donations, grants and legacies
119,577
119,577
41,880
Total
119,577
119,577
41,880
Expenditure on-
Charitable activities
113,818
113,818
35,256
Total
113,818
113,818
35,256
Net income
5,759
5,759
6,624
Net movement in funds
5,759
5,759
6,624
Total funds brought forward
6,624
6,624
Total funds carried forward
12,383
12,383
6,624
All activities relate to continuing operations.
16
Green Jobs Foundation
Balance Sheet
as at 31 December 2024
Note
2024
2024
2023
2023
Current Assets
Cash al bank and in hand
20,483
20,483
14,389
14,389
Creditors: Amounts Falling due
within one year
8,100
7,765
Net Current Assets
12,383
6,624
Net Assets
12,383
6,624
Funds
Unrestricted Funds
Reslricled Funds
12,383
6,624
12,383
6,624
The notes on pages 18 10 22 form part of these accounts.
The directors are satisfied that the charitable company is entiued lo exemption from the provisions
of the Companies Act 2006 Ilhe Act) relating lo the audit of the financial statements for the year by
virtue of section 477121, and that no member or members have requested an audit pursuant lo
section 476 of the Act.
The directors a¢knoedge their responsibilities for..
ensuring that the charitable company keeps proper accounting records which comply
with section 386 of the Act", and
preparing financial slalements which give a true and fair view of the slate of affairs of
the charitable company as at the end of the financial year and of its profi't or loss for
the financial year in accordance with the requirements of section 393, and which
otherwise comply with the requirements of the Act relating lo financial statements, so
far as applicable to the charitsble company.
These accounts have been prepared in accordan with the special provisions applicable lo
companies subject to the small companies, regime.
2025
and signed on their behalf by..
Approved by the Iruslees on
AHu9Ae
Trustee.. Alex Hughes
17
Green Jobs Foundation
Notes to the Financial Statements
for the year ended 31 December 2024
Accounting Policies
Company information
The Green Jobs Foundations is a charitable company incorporated and registered in England and
Wales. The registered office is Citizen Hub, 58 Market Square, St Neots, Cambridgeshire, England,
PE19 2AA.
Basis of preparation
The financial ststemenls have been prepared in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021. The Charitable Company is a public benefit
entity for the purposes of FRS 102 and therefore the charity also prepared its financial stslemenls in
accordance with the 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 (The FRS 102 Charities SORPI, the Companies Act 2006 and the Charities Act 2011.
The financial ststemenls are prepared in sleding, which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest pound.
Going concern
The trustees have assessed whether the use of the going conrn basis is appropriate and have
considered possible events or conditions that might cast significant doubl on the ability of the charity
to continue as a going concern. The trustees have made this assessment for a period of at least one
year from the date of approval of the fi'nancial slalements. After making enquiries the trustees have
conclLJded that there is a reasonable expectation that the charity has adequate resources to conlinLJe
in operational existence for the foreseeable future, and there are no material uncertainties affecting
this assumption. The charity therefore continues to adopt the going concern basis in preparing its
financial stalemenls.
Income
All income is recognised once the charity has entitlement lo the income, it is probable that the income
will be received, and the amount of income receivable can be measured reliably.
Grants are recognised in full in the Statement of Financial Activities in the year in which they are
receivable or any requirement imposed on the grant is fulfilled.
Donated professional services and donated facilities are recognised on the basis of the value of the
gift to the charity which is the amount the charity would have been willing lo 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
Expenditure
Liabilities are recognised as expenditure onee there is a legal or constructive obligation committing
the charity to that expenditure, il is probable that settlement will be required and the amount of the
obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses, including support costs which
include governance costs, are allocated to charitable activities in the statement of financial aclivilies.
Governance costs comprise all costs involving the public accountability of the charity and ils
compliance with regulati'on and good praCti.s, and these costs are included within support costs.
18
Green Jobs Foundation
Notes to the Financial Statements
for the year ended 31 December 2024
Accounting Policies {continued)
Allocation of support costs
Support costs are those functions that assist the work of the charity, but do not direcuy undertake
charitable activities. Support costs include back office costs, finance, and governance costs which
support the charity's aclivilies. These costs have been allocated to expenditure on reslricled
charitable activities. The basis on which support costs have been allocated are set out in note 4.
Financial instruments
Debtors and creditors receivable or payable within one year of the reporting dale are carried at inilialty
at their Iransa¢lion price and subsequently al settlement value. Debtors and creditors that are
receivable or payable in more than one year and not subject to a market rate of interest are
measured at the present value of the expected future receipts or payment discounted at a market
rale of interest.
Trade and other debtors are recognised al the settlement amount due after any discount offered.
Prepayments valued al the amount prepaid after taking account of any trade discounts due.
Cash and cash equivalents include cash al banks and in hand and short term deposits with a maturity
date of three months or less.
Creditors and provisions are recognised where the charity has a present obligation resulting from a
past event that wll probably resutt in the transfer of funds to a third party and the amount due to settle
the obligation can be measured or eslimaled reliably. Creditors and provisions are normally
recognised at their settlement amount after allowing for any trade discounts due.
Fund accounting
Unreslricled funds are gene1 funds that are available for the use at the trustees, discretion in
furtherance of the objectives of the charity.
Restricted funds are subject lo specific conditions by donors as lo how they may be used.
Designated funds comprise funds which have been sel aside at the discretion of the Trustees for
specific purposes.
The Charity currently has no reslricled or designated funds.
Critical Accounting Judgements and Estimates
In application of the Charity's accounting policies, the board is required to make judgements,
eslimales and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumpb'ons are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
eslimales.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions lo
accounting estimates are recognised in the period in which the estimate is revised, if the revision
affects only that period, or in the period of the revision and future periods if the revision affects both
current and future periods.
There are no eslimales and assumptions which are believed lo have a significant risk of causing a
material adjustment lo the carrying amount of assets and liabilits'es in the current or prior period.
19
Green Jobs Foundation
Notes to the Financial Statements
for the year ended 31 December 2024
Donations, grants and legacies
Restricted
2024
Unrestricted
2024
Total
2024
Total
2023
Donations
Gifts in Kind
30,000
89.577
119,577
30,000
89,577
119,577
30,000
11,880
41,880
Total resources expended
Other
costs
Total
2024
Total
2023
Direct charitable activities
Support costs (see note 41
Totsl
72,541
41,277
113,818
72,541
41,277
113,818
23,616
11,640
35,256
Support costs
2024
2023
Adminislralive expenses
Governance costs (see note 51
1,301
39,976
41,277
839
10,801
11,640
Independent examinerfs remuneration
Governance costs include..
2024
2023
Independent examination fees
Legal fees
8,100
31,876
39,976
7,740
3,061
10,801
20
Green Jobs Foundation
Notes to the Financial Statements
for the year ended 31 December 2024
staff costs and trustee remuneration
Number of employees
The average monthly number of employees during the year was.. O12023'.01.
There were no employees whose annual emoluments were £60,000 or more in the current or prior year.
None of the trustees received remuneration in the current or prior year. Trustee expenses of £391
12023.. £nill relating to one Iruslee12023'. 01 were reimbursed during the year.
Key management personnel include the Trustees. The total employee benefits, including pension costs,
of the charity's key management personnel were £nil12023'. £nill.
Taxation
The company, being a registered charity, is not liable for corporation tax in respect of its operations for
the year.
Creditors: amounts falling due within one year
2024
2023
Trade creditors
Accruals and Deferred income
25
7,740
7,765
8,100
8,100
Analysis of funds
Balance at
0110112024
Balance at
3111212024
Income
Expenditure
Transfers
Reslricled funds
Unrestricted funds
6,624
119,577
{113,8181
12,383
Total 2024
6,624
119,577
1113,8181
12,383
Balance at
1411212022
Balance at
3111212023
Income
Expenditure
Transfers
Restricted funds
Unrestricted funds
41,880
135,2561
6,624
Total 2023
41,880
35,2581
6,624
21
Green Jobs Foundation
Notes to the Financial Statements
for the year ended 31 December 2024
10 Analysls of net assets between funds
Unrestricted
funds
Restricted
funds
Balance at
3111212024
Current Assets
Current Liabilities
20,483
18,1001
20,483
18,1001
Totsl Funds
12,383
12,383
Unrestrlcted
funds
Restrlcted
funds
Balance at
3111212023
2023
Current Assets
Current Liabilities
14,389
7,765
14,389
7,765
Total Funds
6,624
6,624
22