CLIMATE VANGUARD CIC

Company limited by guarantee

Company Registration Number:
13952676 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 3 March 2022

End date: 31 March 2023

CLIMATE VANGUARD CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CLIMATE VANGUARD CIC

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Directors

The directors shown below have held office during the whole of the period from
3 March 2022 to 31 March 2023

Noah Herfort
John Johnson


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
6 November 2023

And signed on behalf of the board by:
Name: Noah Herfort
Status: Director

CLIMATE VANGUARD CIC

Profit And Loss Account

for the Period Ended 31 March 2023

13 months to 31 March 2023


£
Turnover: 450
Cost of sales: ( 574 )
Gross profit(or loss): (124)
Distribution costs: 0
Administrative expenses: ( 2,444 )
Other operating income: 5,162
Operating profit(or loss): 2,594
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 2,594
Tax: ( 493 )
Profit(or loss) for the financial year: 2,101

CLIMATE VANGUARD CIC

Balance sheet

As at 31 March 2023

Notes 13 months to 31 March 2023


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 3,828
Investments:   0
Total current assets: 3,828
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 1,727 )
Net current assets (liabilities): 2,101
Total assets less current liabilities: 2,101
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 2,101
Members' funds
Profit and loss account: 2,101
Total members' funds: 2,101

The notes form part of these financial statements

CLIMATE VANGUARD CIC

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 6 November 2023
and signed on behalf of the board by:

Name: Noah Herfort
Status: Director

The notes form part of these financial statements

CLIMATE VANGUARD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

    Other accounting policies

    TaxationThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. GrantsGrants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Financial instrumentsBasic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.Judgements in applying accounting policies and key sources of estimation uncertaintyThe preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the director has not had to make any judgements and there are no other key sources of estimation uncertainty.

CLIMATE VANGUARD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    13 months to 31 March 2023
    Average number of employees during the period 2

CLIMATE VANGUARD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Creditors: amounts falling due within one year note

13 months to 31 March 2023
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 493
Accruals and deferred income 0
Other creditors 1,234
Total 1,727

COMMUNITY INTEREST ANNUAL REPORT

CLIMATE VANGUARD CIC

Company Number: 13952676 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Climate Vanguard produced two key pieces of the work in this financial period. The first was a blueprint for how fossil fuel production can be phased out in the UK in accordance with a 1.5 degrees centigrade heating trajectory. The second was a report on the global youth climate movement, including both a stocktake of active groups and an analysis of organising strategy. These two projects provided critical education to youth climate organisations.

Consultation with stakeholders

During this financial period, Climate Vanguard conducted extensive consultation with young people, especially those active in climate organisations. Consultation was performed via in-person/digital meetings and online correspondence. Feedback from young people has helped shaped the direction of our educational work.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
2 November 2023

And signed on behalf of the board by:
Name: Noah Herfort
Status: Director