CLIMATE BONDS INITIATIVE

Charity number: 1154413
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

CBI is an international not-for-profit which promotes the development of climate bonds. It aims to raise awareness about the existence and benefits of climate bonds and promote investments in them; proposes standards that establish what a green bond is, helping identify and label green bonds so that they may be recognized as such

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£8,800,744

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Donations and legacies £12.13k
Charitable activities £8.66m
Other trading activities £128.21k
Investments £4.83k
Other £0

Total expenditure:
£9,375,711

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Raising funds £0
Charitable activities £8.92m
Other £452.58k

£0 investments gains (losses)

Total income includes £430,445 from 6 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £452.58k
Charitable expenditure £8.92m

People

56 Employee(s)

7 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 6
£70k to £80k 6
£80k to £90k 1
£90k to £100k 3

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • Environment/conservation/heritage
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Provides Services
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout England
  • Australia
  • Belgium
  • Brazil
  • Canada
  • Chile
  • China
  • Colombia
  • Cyprus
  • France
  • Greece
  • India
  • Italy
  • Kazakhstan
  • Malaysia
  • Mexico
  • Mongolia
  • Netherlands
  • Nigeria
  • Philippines
  • Poland
  • Serbia
  • South Africa
  • Spain
  • Switzerland
  • United States
  • Vietnam

Governance

Registration history:
  • 31 October 2013: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
07455730 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints policy and procedures
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Paying staff
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

7 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Yulanda Chung Trustee 23 May 2024
None on record
Kevin Steele Trustee 18 August 2022
RESPECT
Received: On time
Dr Rathin Roy Trustee 01 July 2022
None on record
Elizabeth Grayer Trustee 01 July 2022
None on record
Jonathan Stone Trustee 26 July 2021
None on record
Karen Kearney Trustee 26 July 2021
None on record
Doris Honold Trustee 06 October 2020
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £3.64m £3.64m £6.54m £6.83m £8.80m
Total expenditure £3.57m £3.24m £5.11m £6.34m £9.38m
Income from government contracts £477.16k £7.20k £1.51m N/A N/A
Income from government grants £477.16k £449.04k £2.44m £129.97k £430.45k
Income - Donations and legacies £14.69k £0 £0 £0 £12.13k
Income - Other trading activities £297.50k £0 £277.34k £245.54k £128.21k
Income - Charitable activities £3.32m £0 £6.27m £6.58m £8.66m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £30 £0 £0 £0 £4.83k
Income - Other £0 £0 £7 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £3.28m £3.24m £4.96m £6.03m £8.92m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £0 £0 £65.38k £0 £0
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £287.06k £0 £152.40k £312.34k £452.58k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £97.73k £48.27k £25.15k £87.86k £138.40k
Long-term investments £0 £100 £0 £0 £0
Other assets £943.82k £1.95m £4.51m £7.08m £5.60m
Defined benefit pension scheme asset or liability £0 -£29.57k £0 £0 £0
Total liabilities £1.14m £1.66m £2.80m £4.94m £4.09m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 30 October 2024 On Time
Accounts and TAR 31 December 2023 30 October 2024 On Time Download Open in new window
Annual return 31 December 2022 31 October 2023 On Time
Accounts and TAR 31 December 2022 31 October 2023 On Time Download Open in new window
Annual return 31 December 2021 31 October 2022 On Time
Accounts and TAR 31 December 2021 31 October 2022 On Time Download Open in new window
Annual return 31 December 2020 09 August 2021 On Time
Accounts and TAR 31 December 2020 09 August 2021 On Time Download Open in new window
Annual return 31 December 2019 23 October 2020 On Time
Accounts and TAR 31 December 2019 23 October 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 30 NOV 2010 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 11/09/2013

Charitable objects

THE COMPANY’S OBJECTS (“OBJECTS”) ARE SPECIFICALLY RESTRICTED TO THE PRESERVATION AND CONSERVATION OF THE ENVIRONMENT FOR THE PUBLIC BENEFIT, IN PARTICULAR BUT NOT EXCLUSIVELY BY: A) SERVING AS A CATALYST TO MOBILISE THE GLOBAL INVESTMENT REQUIRED IN DEVELOPING AND DEVELOPED COUNTRIES TO ADDRESS THE THREAT OF CATASTROPHIC CLIMATE CHANGE; B) WORKING TO ALIGN GOVERNMENT POLICY, INDUSTRY DEVELOPMENT AND INSTITUTIONAL FINANCE TOWARD THE TIMELY AND AFFORDABLE DEPLOYMENT OF A GLOBAL LOW CARBON ECONOMY; AND C) ENSURING THE ENVIRONMENTAL CREDIBILITY OF DEBT ISSUANCE AND INVESTMENT.

Contact information

Address:
First Floor
10 Queen Street Place
LONDON
EC4R 1BE
Phone:
+44 (0) 2045824124
Email:
info@climatebonds.net
Website:

http://climatebonds.net Open in new window