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2025-03-31-accounts

REGISTERED CHARITY NUMBER: SC047206

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2025

for

2050 Climate Group

Brett Nicholls Associates Herbert House

24 Herbert Street Glasgow G20 6NB

2050 Climate Group

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 15

2050 Climate Group Reference and Administrative Details for the Year Ended 31 March 2025 TRUSTEES PRINCIPAL ADDRESS REGISTERED CHARrrY NUMBER SC047206 INDEPENDENT EXAMINER Davhy Nichdls FCCA Brett Nichclls A$S￿lateS Herbert House 24 Herbert Street Glasgow G20 6NB BANKERS CAF Bank Ltd 25 ￿Tr9$ Hill Avenue lfjngs Hill West MallirvJ ME194JQ P4e1

2050 Climate Group

Report of the Trustees for the Year Ended 31 March 2025

The Trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The Trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Charitable Purposes

The purpose of the charity is to advance youth education on climate change issues and develop youth leadership skills to empower, equip and enable the next generation of leaders to take action on climate change.

The activities of the organisation focus on those aged approximately 18 to 35, recognising that there is under-representation of this age group at leadership level on climate change.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Guided by our values, our work continued to empower, equip, and enable young people across Scotland to lead action and create a social movement to tackle the climate crisis. We have done this through:

Climate Action Leadership Programme (CALP): Formerly known as the ‘Young Leaders Development Programme’, in September 2024, we launched a new and improved version of our flagship free-to-access climate leadership programme for young people in Scotland. Following a comprehensive review of our programme in 2023-24, our revised programme retains its ambition to empower Scotland’s young people to lead action on climate change by equipping them with leadership skills and climate change knowledge. The refreshed programme seeks to achieve this ambition through:

(a) Immersive learning, where participants engage in a mix of in-person and online workshops, inspiring talks, and interactive training sessions;

(c) A thriving community, providing the opportunity to connect with and be inspired by a network of like-minded young people taking action in the climate space.

The programme took place between September 2024 and March 2025 and consisted of an online induction, two ‘core’ in person modules events at the Edinburgh Climate Change Institute and Dundee Science Centre, two field trips to Flanders Moss peat bog and Whitelee onshore wind farm, a graduation event in Glasgow at the Social Hub, and three online events.

Our programme was run for 110 young people, with 80% completing, delivered by a core group of volunteers alongside our small but mighty staff team. We continued to delivery against our strategic pillar of diverse participation, with a very diverse range of participants including:

Policy engagement: Our Policy volunteer subgroup promotes the empowerment of young people and their inclusion in decision making, amplifying their collective voice in addressing the climate emergency. To this end, in the past year we have:

Page 2

2050 Climate Group

Report of the Trustees for the Year Ended 31 March 2025

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Leaders Network: 2050 Climate Group’s Leaders Network facilitates opportunities for our community to connect with each other as we work towards a just and sustainable society. The network consists of those who have engaged in our projects, such as graduates of our Climate Action Leadership Programme and former 2050x Fund recipients, as well as 2050 Climate Group's past and present volunteers, trustees and staff members. During the year, our Leaders Network subgroup hosted a ceilidh to mark 2050 Climate Group’s 10th birthday, bringing together 65 people from our community together to reflect and celebrate our history as a charity. The volunteer subgroup also hosted an online fundraising workshop to provide guidance for small groups and individuals seeking funding support for climate and social justice projects in Scotland.

External Collaboration: 2050 Climate Group staff, trustees and volunteers take part in representing the organisation to make sure the voice of the youth is brought to the fore, including through the Climate Emergency Response Group, the Scottish Government’s Marine Litter Strategy Steering Group and the Single Use Disposable Cups Charge Advisory Group. In addition, we have hosted guest blog articles on our website, including an article from Climate FORTH to mark World Habitat Day and from Lo w Carbon Days Out (supported by our former 2050x fund).

Diversity and Inclusion: Diversity and inclusion continue to be key priorities for the Board. We recognise that climate leaders come from all backgrounds and strive to ensure that everyone feels welcomed, supported and represented through our work. We continue to offer additional support to those who might face barriers to participating in our events, for example through our Participatio n Fund. 2050 Climate Group participates in the Race Report, which aims to improve diversity and inclusion within the environmental sector. Our Climate Action Leadership Programme welcomed participants from a wide range of backgrounds, an d we hope to maintain the diverse participation in the programme in future years.

With Thanks

Thanks to the dedication of our volunteers and staff and the support of our partners and funders, 2050 Climate Group has been able to continue to make an impact. Our volunteer teams have contributed a significant number of hours over the financial year to develop and deliver our activities. These volunteers have powered our success. We would like to acknowledge our volunteers and staff for their exceptional passion, drive and motivation to help young people to take action on the climate crisis.

FINANCIAL REVIEW

Financial position

Our financial results are set out on pages 6 to 15. We are thankful to all who have supported us, both financially and otherwise. In particular, our thanks go to the People’s Postcode Lottery, Glasgow City Council, the William Grant Foundation and the Garfield Weston Foundation for their support and encouragement.

The charity incurred a total deficit of £23,376 for the year ended 31 March 2025 (2024: deficit of £39,320).

The deficit primarily relates to a continued decrease in funding received from private sector funders and partners, whom we have previously engaged to support and attend our flagship leadership programme. During the year, the Board continued to manage costs closely in light of this challenging funding environment, and continued to enhance our fundraising capability, with a focus on diversifying income streams from grant funding. The charity’s financial position remains robust.

At the balance sheet date, reserves totalled £102,907 (2024: £126,283), which comprises unrestricted free reserves of £101,353 (2024: £120,212), restricted reserves of £1,500 (2024: £5,500) and designated funds of £54 (2024: £571).

Reserves policy

The Trustees have examined the charity’s requirements for reserves in light of the main risks to the organisation. Our policy is to aim to maintain at least four months’ working capital to ensure contingency funds. Based on the 2024-25 accounts, this amount is £32,243. The unrestricted reserves at 31 March 2025 were £101,353, the trustees are satisfied that the reserves policy is being met and excess funds will be used to reinvest into the charity.

PLANS FOR FUTURE PERIODS

Despite challenging external factors and a competitive funding environment, the need for a just and sustainable future is more relevant than ever. Our next financial year will see us continue to deliver against our 2023-2026 strategy, continuing our ambition of providing meaningful support to young people from a diverse range of backgrounds. We will welcome our second cohort of Climate Action Leadership Programme participants, building on the success of our first programme, as we continue to equip and empower the next generation of leaders with knowledge and skills to take action on climate change.

Page 3

2050 Climale Group Report of the Thistees for the Year Ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document The charity is a Scottish Charitable Incorporated Organisation (SCIO) and is governed by its constitution. These are the accounts for 2050 Climate Group as a SCIO, vthTrch was prevKusty an unincorForth association unts'l 27 February 2017. Organisation The Board of Trustees oversees and provides strategic direction to the charity. Our staff and operational volunteers Colla￿rate to develop and deliver our core work. Volunteer5 fonn into several subgroups induding.. Leaders Ne￿ork. Pollcy. and CALP. We cononue to employ an Operions Coordlnator and a Development and Communications Officer. The staff have responsibility for the day-to4ay management of the organisation. 2050 Climate Group is proud to be a Living Wage accredited employer and a member of Scoth'sh Council for Vduntary Organisations {SCVO). Appointment of Trustees As set out in the Constttution. Trustees are appointed over the year by way of resolution passed by maiortty vote at a Board meeting. At the Annual General Meeting. one third of Trustees retire and new members are appointed. When considering new Trustees. the Board pays regard to any skllls gaps and any existsNJ need for specialist skllls In partlcular areas. Trustee Induction and Training New Trustees undergo an orientation to brief them on the organisation structure and their legal obligations under the Chartlies and Trustee Inveslment Iscouandl Act 2005. New Trustees are provided wtth a Code of Conduct ouuining these responsibiltties along with inf0m￿tIOn on the chartty and an explanation of what is expected of them. Trustees are encouraged to atterKI appropriate extemal training events to faalitate Ihe undertaking of thelr ro￿ and are asked vthat areas they would like to develop through intemal training. Key management remuneration In the opinion of the trustees there are no Thmbers of key management {2024: 1). Total employer costs f(x this post in the prior year were £34.008. The thartty is managed by ts trustees do rM)t r￿[￿e any remunerati(￿ for their work as trustees. 12/12/2025 Approved by order of the board of trustees on .. . and slgned on Ms behall by: Page 4

Independent Examiner's Report to the Trustees of 2050 Climate Group

I report on the accounts for the year ended 31 March 2025 set out on pages six to fifteen.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention :

have not been met; or

ountants

Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB

Date: .............................................

Page 5

2050 Climate Group

Statement of Financial Activities for the Year Ended 31 March 2025

Unrestricted
Restricted
funds
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
54,161
15,000
Charitable activities
5
Advancement of education on climate change
1,825
-
Investment income
4
2,368
-
Total
58,354
15,000
EXPENDITURE ON
Charitable activities
6
Advancement of education on climate change
77,730
19,000
NET INCOME/(EXPENDITURE)
(19,376)
(4,000)
RECONCILIATION OF FUNDS
Total funds brought forward
120,783
5,500
TOTAL FUNDS CARRIED FORWARD
101,407
1,500		 2025
Total
funds
£
69,161
1,825
2,368
73,354
96,730
(23,376)
126,283
102,907		 2024
Total
funds
£
79,607
440
2,139
82,186
121,506
(39,320)
165,603
126,283

CONTINUING OPERATIONS

This statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities in both years. Comparative figures for the previous year by fund type are shown in Note 11.

The notes on pages 8 - 15 form part of these financial statements

Page 6

2050 Climate Group

Balance Sheet 31 March 2025

2025 2024
Notes £ £
FIXED ASSETS
Tangible assets 12 54 571
CURRENT ASSETS
Debtors 13 - 23,974
Cash at bank 104,844 107,826
104,844 131,800
CREDITORS
Amounts falling due within one year 14 (1,991) (6,088)
NET CURRENT ASSETS 102,853 125,712
TOTAL ASSETS LESS CURRENT LIABILITIES 102,907 126,283
NET ASSETS 102,907 126,283
FUNDS 16
Unrestricted funds:
General fund 101,353 120,212
Designated Fixed Assets Fund 54 571
101,407 120,783
Restricted funds 1,500 5,500
TOTAL FUNDS 102,907 126,283

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

mes ............................................. BACD00C “7378-SEE8-E15 O08DE2C16BCOD aes R McCall - Trustee

The notes on pages 8 - 15 form part of these financial statements

Page 7

2050 Climate Group

Notes to the Financial Statements for the Year Ended 31 March 2025

1. GENERAL INFORMATION

2050 Climate Group (SC047206) is Scottish charitable incorporated organisation governed by its constitution. It was registered as a charity in Scotland on 27 February 2017. Its registered address is 7 Montgomery Street Lane, Edinburgh, EH7 5JT.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared on an accruals basis, and on a going concern basis, in accordance with:

The charity 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

The financial statements are presented in UK sterling, which is the charity's functional currency, and rounded to the nearest pound.

There have been no changes to the basis of preparation this financial year or to the previous financial year's financial statements.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Cash at bank and cash in hand

Cash at bank and cash in hand includes cash only.

Debtors

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

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charity has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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2050 Climate Group

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Cash at bank and cash in hand

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

IT & Office Equipment - 25% Straight Line

Taxation

2050 Climate Group is a charity within the meaning of Section 467 of the Corporation Tax Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied for charitable purposes only.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

3. DONATIONS AND LEGACIES

Donations
Grants		 2025
£
4,161
65,000
69,161		 2024
£
1,715
77,892
79,607

Grants received, included in the above, are as follows:

Scottish Government
Baillie Gifford
William Grant Foundation
Paths for All
People's Postcode
Glasgow City Council
Garfield Weston		 2025
£
-
10,000
2,350
8,000
25,000
4,650
15,000
65,000		 2024
£
46,392
18,000
5,500
8,000
-
-
-
77,892

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2050 Climate Group

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

4.
INVESTMENT INCOME
2025
£
Bank interest
2,368
5.
INCOME FROM CHARITABLE ACTIVITIES
2025
Activity
£
Earned income
Advancement of education on climate change
1,825
6.
CHARITABLE ACTIVITIES COSTS
Direct
Support
Costs (see
costs (see
note 7)
note 8)
£
£
Advancement of education on climate
change
95,542
1,188
7.
DIRECT COSTS OF CHARITABLE ACTIVITIES
2025
£
Staff costs
64,995
Venue hire
1,480
Workshop subsistence
3,658
Speakers
1,141
Office costs
5,424
Travel costs
-
Membership & subscriptions
3,024
Advertising & website costs
-
Insurance
1,130
Training & development
-
Other office costs
-
Bank charges
108
Staff expenses
195
Board meeting costs
378
Volunteer Costs
997
Payroll Costs
717
Recruitment
140
Workshop delivery
11,638
Depreciation
517
95,542		 2024
£
2,139
2024
£
440
Totals
£
96,730
2024
£
67,944
4,913
20,440
1,391
5,839
145
1,971
1,342
1,063
45
55
173
787
123
362
729
759
11,828
517
120,426

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2050 Climate Group

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

8. SUPPORT COSTS

2025 2024
£ £
Independent Examination Fee 1,188 1,080

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

During the year six trustees were reimbursed £198 for board expenses (2024: four trustees totalling £145). These expenses were paid in furtherance of the Charity's objectives.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Employees
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
19,715
Charitable activities
Advancement of education on climate change
440
Investment income
2,139
Total
22,294		 2025
£
51,425
8,509
5,061
64,995
2025
2
Restricted
funds
£
59,892
-
-
59,892		 2024
£
64,720
318
2,906
67,944
2024
3
Total
funds
£
79,607
440
2,139
82,186

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

EXPENDITURE ON

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2050 Climate Group

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£ £ £
Charitable activities
Advancement of education on climate change 67,114 54,392 121,506
NET INCOME/(EXPENDITURE) (44,820) 5,500 (39,320)
RECONCILIATION OF FUNDS
Total funds brought forward 165,603 - 165,603
TOTAL FUNDS CARRIED FORWARD 120,783 5,500 126,283
12. TANGIBLE FIXED ASSETS
IT &
Office
equipment
£
COST
At 1 April 2024 and 31 March 2025 2,068
DEPRECIATION
At 1 April 2024 1,497
Charge for year 517
At 31 March 2025 2,014
NET BOOK VALUE
At 31 March 2025 54
At 31 March 2024 571
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors - 23,974

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2050 Climate Group

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
PAYE & pension
Accrued expenses		 2025
£
1,722
(919)
1,188
1,991		 2024
£
4,606
402
1,080
6,088

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
funds
funds
£
£
Fixed assets
54
-
Current assets
103,344
1,500
Current liabilities
(1,991)
-
101,407
1,500		 2025
Total
funds
£
54
104,844
(1,991)
102,907		 2024
Total
funds
£
571
131,800
(6,088
126,283

Comparatives for analysis of net assets between funds

2024 2023
Total
funds
£
1,088
179,471
(14,956)
165,603
Unrestricted
Restricted		 Total
funds funds funds
£ £ £
Fixed assets 571 - 571
Current assets 126,300 5,500 131,800
Current liabilities (6,088) - (6,088)
120,783 5,500 126,283

16. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net
movement At
At 1/4/24 in funds 31/3/25
£ £ £
Unrestricted funds
General fund 120,212 (18,859) 101,353
Designated Fixed Assets Fund 571 (517) 54
120,783 (19,376) 101,407
Restricted funds
William Grant Foundation 5,500 (4,000) 1,500
TOTAL FUNDS 126,283 (23,376) 102,907

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2050 Climate Group

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 58,354 (77,213) (18,859)
Designated Fixed Assets Fund - (517) (517)
58,354 (77,730) (19,376)
Restricted funds
William Grant Foundation 2,350 (6,350) (4,000)
Paths for All 8,000 (8,000) -
Glasgow City Council 4,650 (4,650) -
15,000 (19,000) (4,000)
TOTAL FUNDS 73,354 (96,730) (23,376)

Comparatives for movement in funds

Unrestricted funds
General fund
Designated Fixed Assets Fund
Restricted funds
William Grant Foundation
TOTAL FUNDS		 Net
movement
At 1/4/23
in funds
£
£
164,515
(44,303)
1,088
(517)
165,603
(44,820)
-
5,500
165,603
(39,320)		 At
31/3/24
£
120,212
571
120,783
5,500
126,283

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 22,294 (66,597) (44,303)
Designated Fixed Assets Fund - (517) (517)
22,294 (67,114) (44,820)
Restricted funds
Scottish Government - YLDP 46,392 (46,392) -
William Grant Foundation 5,500 - 5,500
Paths for All 8,000 (8,000) -
59,892 (54,392) 5,500
TOTAL FUNDS 82,186 (121,506) (39,320)

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2050 Climate Group

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

17. RELATED PARTY DISCLOSURES

Other than those dislosed in note 9, there were no related party transactions for the year ended 31 March 2025.

18. PURPOSE OF UNRESTRICTED FUNDS

General Fund: this represents the unrestricted, free reserves of the charity.

Designated Fixed Asset Fund: this fund represents the net book value of the charity's tangible fixed assets. Annual depreciation is charged to the fund and additions are transferred to it.

19. PURPOSE OF RESTRICTED FUNDS

William Grant: Sponsorship of Climate Action Leadership Programme participants from North and South Lanarkshire.

Paths for All: Contribution to our Youth Climate Summit and running of Climate Circle transport workshop.

Glasgow City Council: Contribution to the Climate Action Leadership Programme modules hosted in Glasgow, and sponsorship of Glasgow based participants in the Programme.

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