Caseware UK (AP4) 2023.0.135 2023.0.135 Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-31169080261691062616908042023-01-16falsenot blank2024-01-31 14595973 2023-01-15 14595973 2023-01-16 2024-01-31 14595973 2022-01-16 2023-01-15 14595973 2024-01-31 14595973 2023-01-16 14595973 c:RegisteredOffice 2023-01-16 2024-01-31 14595973 d:CurrentFinancialInstruments 2024-01-31 14595973 c:FRS102 2023-01-16 2024-01-31 14595973 c:IndependentExaminationCharity 2023-01-16 2024-01-31 14595973 c:PrivateLimitedCompanyLtd 2023-01-16 2024-01-31 14595973 b:Trustee1 2023-01-16 2024-01-31 14595973 b:Trustee2 2023-01-16 2024-01-31 14595973 b:Trustee3 2023-01-16 2024-01-31 14595973 b:Trustee4 2023-01-16 2024-01-31 14595973 b:Trustee5 2023-01-16 2024-01-31 14595973 b:UnrestrictedFundsGeneral 2023-01-16 2024-01-31 14595973 b:RestrictedIncomeFunds 2023-01-16 2024-01-31 14595973 b:UnrestrictedFundsGeneral 2024-01-31 14595973 b:RestrictedIncomeFunds 2024-01-31 14595973 b:TotalUnrestrictedFunds 2024-01-31 14595973 b:TotalRestrictedIncomeFunds 2024-01-31 14595973 c:FullAccounts 2023-01-16 2024-01-31 iso4217:GBP xbrli:pure
Company registration number: 14595973
Charity number: 1205544






TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 JANUARY 2024


CLIMATE RESPONSE LIMITED
(A Company Limited by Guarantee)






































img640a.png                        

 
CLIMATE RESPONSE LIMITED
 
(A Company Limited by Guarantee)
 

CONTENTS



Page
Reference and Administrative Details of the Company, its Trustees and Advisers
1
Trustees' Report
2 - 5
Independent Examiner's Report
6
Statement of Financial Activities
7
Balance Sheet
8 - 9
Statement of Cash Flows
10
Notes to the Financial Statements
11 - 15

 
CLIMATE RESPONSE LIMITED
 
(A Company Limited by Guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE PERIOD ENDED 31 JANUARY 2024


Trustees
Dr S E Lintott, Chair (appointed 11 April 2023)
J L Kohler, Trustee (appointed 11 April 2023)
D Lowther, Trustee (appointed 11 April 2023)
N I Bolton, Trustee (appointed 11 April 2023)
Professor Sir D A King, Director (appointed 16 January 2023, resigned 11 April 2024)

Company registered number
14595973

Charity registered number
1205544

Registered office
20 Glisson Road
Cambridge
CB1 2HD

Accountants
Menzies LLP
Chartered Accountants
Richmond House
Walkern Road
Stevenage
SG1 3QP

Page 1

 
CLIMATE RESPONSE LIMITED
 
(A Company Limited by Guarantee)
 
  
TRUSTEES' REPORT
FOR THE PERIOD ENDED 31 JANUARY 2024

The Trustees present their annual report together with the financial statements of Climate Response Limited for the period 16 January 2023 to 31 January 2024The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
 

Objectives and activities
 

a. Policies and objectives
 

CRL’s objectives are to promote sustainable development for the benefit of the public, in particular but not exclusively, by providing information, sharing knowledge and disseminating research to the public at large in subjects relating to climate change and the protection, enhancement and rehabilitation of the environment.
In the context of CRL’s activities, sustainable development means “development which meets the needs of the present without compromising the ability of future generations to meet their own needs”.
 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
 

b. Strategies for achieving objectives
 

CRL has an active project in the form of Climate Crisis Advisory Group (CCAG). CCAG is a recognised trading name of CRL. At present CRL has no other projects or activities.
CCAG is at the forefront of the climate conversation, guiding public, governmental, and institutional understanding of the crisis. CCAG’s 16 global experts distil complex science into actionable insights, fostering informed decisions that help educate and influence audiences around the world.  
CCAG’s strategies come to life through a broad spectrum of activities. For example, CCAG advisors unravel climate complexities through public online discussions, free publicly available in-depth reports, strategic campaigns, and in-person briefings on request. 
The strategy is summed up as ‘To educate and influence’ target audiences. ‘Educate’ is aimed at members of the public engaged in climate concerns; ‘Influence’ is aimed at policy makers.
 

Page 2

 
CLIMATE RESPONSE LIMITED
 
(A Company Limited by Guarantee)
 
Objectives and activities (continued)

c. Activities undertaken to achieve objectives
 

‘Educate’ activities include:
Online (free to view) public meetings; Short, filmed discussions in a series called ‘Climate Conversations’; Digital media engagement – involving a wide range of social media platforms; Media engagement – with newspapers and traditional media; Participation in high profile climate events and meetings such as New York Climate Week, COP meetings and so on.
‘Influence’ activities include:
Direct policy and stakeholder engagement; High level partnerships; Events and meetings; Media engagement.
 

Achievements and performance
 

a. Main achievements of the Company
 

Using the group’s strong platform CCAG undertook a series of action-orientated programmes, namely: Accelerating a just energy transition (from fossil fuels to renewable energy sources); Future proofing urban areas in the face of the climate crisis (promoting the energy transition whilst focussing on the well-being of urban citizens);  Keeping global commitment alive to limiting global warming to 1.5°C above pre-industrial levels (the intention of the global Paris Agreement of 2015).
 

b. Review of activities
 

In the first year of activity within CRL, CCAG reached 53,624 followers on social media; they received 743,800 views on CCAG YouTube content; they were mentioned in 4,582 news items; they attended 4 global events on climate issues; and attended 9 policy meetings.
CCAG has collected views on its activities. Amongst many favourable comments:
CCAG reports ‘are being read by decision makers’ (Former UK climate negotiator)
‘I’m aware of the work you’re doing; there is a clear gap between science and policy that is having a detrimental effect on industry. I think you can help fill that.’ (Senior General Motors Executive)
 

c. Fundraising activities and income generation
 

Funding has come from grants and donations, following presentations about CCAG’s activities.
 
Grants were given by: Open Society Foundation (£100,000); Cambridge in America (£263,199.13); CECG (Climate Emergency Collaboration Group) (£120,000); Urban Partners (£20,000).
Donations were given by: Amadeo (£10,000); Bucelati (£500).
Funding was unrestricted except the CECG funding and the Urban Partners funding.


 
 

Financial review
 

Page 3

 
CLIMATE RESPONSE LIMITED
 
(A Company Limited by Guarantee)
 
a. Going concern
 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company 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. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
 

b. Reserves policy
 

A reserves policy has been set out in a note entitled ‘Note re Cashflow and appropriate responses’ prepared in accordance with the decision set out at 3.3 in the Minutes of the Directors Meeting of 24 January 2024, and subsequently agreed by the Directors. 
 

Structure, governance and management
 

a. Constitution
 

Climate Response Limited is registered as a charitable company limited by guarantee and is governed by its Articles of Association.
 

b. Methods of appointment or election of Trustees
 

The management of the Company is the responsibility of the Trustees who are appointed under the terms of the Articles of Association.
David King was the initial director for the incorporation of the company, and while it was recruiting a full board. The company did not commence its activities until after David King had stepped down.
 

c. Organisational structure and decision-making policies
 

The Board has oversight of all CRL activities. A detailed budget is agreed at the start of the financial year, with significant variations reported to the board on an on-going basis. Where activities and expenditure are in line with the strategy and budget, the operational activities are able to proceed. Where variations are required, the Board is asked to review and approve changes. Board consultation procedures have been recorded in Minutes of Board meetings. Board members do not receive remuneration for their work for CRL.
The expert CCAG members have autonomy in the creation of technical content, expert presentations, and decisions about priority areas for CCAG effort and activities. CCAG members do not receive remuneration for their work with CCAG. They are entitled to reimbursement of travel and related expenses for attendance at meetings on CCAG behalf.
Operational, day to day matters, are secured through a project team consisting of suppliers. Operational matters were originally led by firstlight Ltd, and are now led by ISG Ltd. There is a list of approved suppliers who support the CCAG work. Where new suppliers are required, there are policies in place for allocating work. Some operational activities are provided pro-bono (administration, some report writing); remaining activities are paid for by CRL at normal market rates, whilst adhering to CRL procurement policies.
 

Plans for future periods
 

There is a strategy in place for the financial year ending January 2025. Funding has been secured in Grants to support the activities, totalling about £766,000 including the surplus from the year ending January 2024. Activities are thematically similar to those outlined in this report, with specific projects tailored to deliver specific information, reports and outcomes.
 

Page 4

 
CLIMATE RESPONSE LIMITED
 
(A Company Limited by Guarantee)
 
Statement of Trustees' responsibilities
 

The Trustees (who are also the directors of the Company 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 Trustees to prepare financial statements for each financial period. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


 

Approved by order of the members of the board of Trustees and signed on their behalf by:



................................................
Dr S E Lintott
Chair
Date: 16 October 2024
Page 5

 
CLIMATE RESPONSE LIMITED

(A Company Limited by Guarantee)
 
 
 
INDEPENDENT EXAMINER'S REPORT
FOR THE PERIOD ENDED 31 JANUARY 2024

Independent Examiner's Report to the Trustees of Climate Response Limited ('the Company')

 
I report to the charity Trustees on my examination of the accounts of the Company for the period ended 31 January 2024.


Responsibilities and Basis of Report


As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').


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 the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.


Independent Examiner's Statement


Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ACCA and the ICAEW, which is one of the listed bodies.


I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to 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 accounts 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 accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].



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.


This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.





Signed:      Dated: 16 October 2024

S L Cuzner     FCCA ACA

Menzies LLP
Chartered Accountants
Richmond House, Walkern Road
Stevenage, SG1 3QP
Page 6

 
CLIMATE RESPONSE LIMITED
 
(A Company Limited by Guarantee)

 
 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE PERIOD ENDED 31 JANUARY 2024

Unrestricted funds
Period ended
31 January
2024
Restricted funds
Period ended
31 January
2024
Total
funds
Period ended
31 January
2024
Note
        £
        £
        £
Income from:






Grants

3

373,699

140,000

513,699

Bank interest receivable

4

3

-

3

Total income
373,702
140,000
513,702
Expenditure on:






Charitable activities


289,162

139,987

429,149

Total expenditure
289,162
139,987
429,149

Net movement in funds
  
84,540
13
84,553

Reconciliation of funds:

  




Net movement in funds

  

84,540

13

84,553

Total funds carried forward
  
84,540
13
84,553

The Statement of Financial Activities includes all gains and losses recognised in the period.

The notes on pages 11 to 15 form part of these financial statements.

Page 7

 
CLIMATE RESPONSE LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 14595973

 
 
BALANCE SHEET
AS AT 31 JANUARY 2024

2024
Note
£

Current assets
  

Cash at bank and in hand
  
86,834

  
86,834

Creditors: amounts falling due within one year
 8 
(2,281)

Net current assets 
  
 
 
84,553

Total assets less current liabilities
  
84,553

Net assets excluding pension asset 
  
84,553

Total net assets 
  
84,553


Charity funds
  

Restricted funds
 10 
13

Unrestricted funds
 10 
84,540

Total funds
  
84,553

Page 8

 
CLIMATE RESPONSE LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 14595973

 
 
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:




................................................
Dr S E Lintott
Chair
Date: 16 October 2024

The notes on pages 11 to 15 form part of these financial statements.

Page 9

 
CLIMATE RESPONSE LIMITED
 
(A Company Limited by Guarantee)

 
 
STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 JANUARY 2024

Period ended
31 January
2024
£

Cash flows from operating activities

Net cash provided by operating activities

86,834

Cash flows from investing activities

Net cash provided by investing activities

-

Cash flows from financing activities

Net cash provided by financing activities

-

Change in cash and cash equivalents in the period
 
86,834

Cash and cash equivalents at the end of the period
86,834

The notes on pages 11 to 15 form part of these financial statements

Page 10

 
CLIMATE RESPONSE LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

Climate Response Limited is a private company, limited by guarantee without share capital, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Climate Response Limited 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.

  
2.2

Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

  
2.3

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

  
2.4

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

Page 11

 
CLIMATE RESPONSE LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

  
2.5

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.


2.6

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

  
2.7

Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

  
2.8

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.


3.

Income from donations and legacies




Unrestricted funds
Period ended
31 January
2024
Restricted funds
Period ended
31 January
2024
Total
funds
Period ended
31 January
2024
        £
        £
        £
 



Grants

373,699

140,000

513,699


Page 12

 
CLIMATE RESPONSE LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

4.

Investment income



Unrestricted funds
Period ended
31 January
2024
Total
funds
Period ended
31 January
2024
        £
        £



Bank interest receivable

3

3



5.

Independent examiner's remuneration

Period ended
31 January
2024
£

Fees payable to the Company's independent examiner for the independent examination of the Company's annual accounts
1,130


6.



Staff costs





The average number of persons employed by the Company during the period was as follows:


Period ended
31 January
2024

No.


Trustees
4

No employee received remuneration amounting to more than £60,000 in either year.





7.


Trustees' remuneration and expenses

During the period, no Trustee received any remuneration or other benefits.

During the period ended 31 January 2024, no Trustee expenses have been incurred.

Page 13

 
CLIMATE RESPONSE LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

8.



Creditors: Amounts falling due within one year


2024
£


Trade creditors
2,281


9.



Financial instruments


2024
£

Financial assets

Financial assets measured at fair value through income and expenditure
86,834


Page 14

 
CLIMATE RESPONSE LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

10.

Statement of funds


Statement of funds - current period

Income
£
Expenditure
£
Transfers in/out
£
Balance at 31 January 2024
£

Unrestricted funds





CAm

263,202

(188,929)

(233)

74,040
 
OSF

100,000

(100,233)

233

-
 
Amadeo

10,000

-

-

10,000
 
Bucalati

500

-

-

500
 



373,702
(289,162)
-
84,540

Restricted funds






CECG

120,000

(119,987)

-

13
 
Urban Partners

20,000

(20,000)

-

-
 



140,000
(139,987)
-
13

Total of funds


513,702
(429,149)
-
84,553


11.

Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted funds
2024
Restricted funds
2024
Total
funds
2024
        £
        £
        £



Current assets

86,834

-

86,834

Creditors due within one year

(2,281)

-

(2,281)

Difference

(13)

13

-

Total 


84,540
13
84,553


Page 15