CARBON GAP LTD

Registered charity 1200562 · accounts filings on the Charity Commission register · also known as CARBON GAP

Carbon Gap is promoting and advancing the science-based case for carbon removal laid out by the Intergovernmental Panel on Climate Change (IPCC) and other respected international scientific bodies, and through this, delivering a fundamental component of the IPCC-recommended mitigation strategy for climate change.

Causes: Arts/culture/heritage/science · Environment/conservation/heritage · website · Get email alerts

Latest income

£2.5m

Latest spending

£2.5m

Registered

2022

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that total income decreased by 13.97% to £2.45m, while total expenditure matched income exactly, resulting in a net movement in funds of zero. Per the trustees' report, the charity operates with no unrestricted reserves at year-end, relying instead on maintaining a cash balance sufficient to cover three months of operational expenditure to ensure going concern status.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: above £60,000 — below the median for charities its size (£70k)

“6 employees (2023-6) earned above £60,000 per annum.” — page 26

Per its FY2024 accounts as filed with the Charity Commission.

Employees paid over £60,000: 6

“6 employees (2023-6) earned above £60,000 per annum.” — page 26

Per its FY2024 accounts as filed with the Charity Commission.

Reserves policy: three months of unrestricted expenditure

“Our income recognition policy states that we do not operate reserves at the year-end as all revenue is deferred to the following year. We therefore assess our status as a going concern by ensuring we have a year-end cash balance sufficient to cover 3 months operational expenditure.” — page 10

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Trustee Barbara le Fleming is Financial Director of Quadrature Climate Foundation, a major funder. £2.12m received from this foundation.

“Amount of the Transaction: £2.12m was received from Quadrature Climate Foundation during the 12 month period, the related party was a Trustee of Carbon Gap at the time these transactions took place.” — page 11

“Amount of the Transaction: £41,199 was paid during the 12 month period for the work conducted.” — page 11

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Trustee Tim Kruger paid £41,199 for consultancy services.

“Amount of the Transaction: £2.12m was received from Quadrature Climate Foundation during the 12 month period, the related party was a Trustee of Carbon Gap at the time these transactions took place.” — page 11

“Amount of the Transaction: £41,199 was paid during the 12 month period for the work conducted.” — page 11

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Cocke, Vellacott & Hill. Discloses 6 of 6 completeness components.

Public profiles (found on the charity’s own website): linkedin

Structured financials (annual return, FY ending 31/12/2024)

Total income

£2.5m

Total spending

£2.5m

Reserves (reported)

£0

Employees

14

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Cressida Bathsheba Kathleen Pollockchair
Barbara Maria Le Fleming
Benjamin Tincq
Irena Spazzapan
JACK JEFFREY ANDREASEN CAVANAUGH
Timothy James Ronald Kruger

Trustee list from the Charity Commission register (current, not historical).

Operates in: Belgium · France · Germany · Greece · Ireland · Norway · Scotland · Sweden · Throughout England And Wales

Income and spending

Financial year end	Income	Spending
31/12/2024	£2.5m	£2.5m
31/12/2023	£2.8m	£2.8m

Common questions

Is CARBON GAP LTD financially healthy?

Per its FY2024 accounts: The accounts state that total income decreased by 13.97% to £2.45m, while total expenditure matched income exactly, resulting in a net movement in funds of zero. Per the trustees' report, the charity operates with no unrestricted reserves at year-end, relying instead on maintaining a cash balance sufficient to cover three months of operational expenditure to ensure going concern status. Its FY2024 accounts were audited by Cocke, Vellacott & Hill.

What does the highest-paid employee of CARBON GAP LTD earn?

Per its FY2024 accounts, the highest-paid employee was in the above £60,000 band, and 6 employees earned over £60,000.

Who funds CARBON GAP LTD?

Funders whose own accounts filings name CARBON GAP LTD as a grant recipient include QUADRATURE CLIMATE FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

Funder	Year	Amount	Purpose (as stated by the funder)
QUADRATURE CLIMATE FOUNDATION	FY2024	£12.3m
QUADRATURE CLIMATE FOUNDATION	FY2023	£1.3m

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
THE WESTMINSTER FOUNDATION	1	£99k
RE:VISION NORTH LIMITED	1	£80k
THE COMPASS GROUP FOUNDATION	1	£30k
THE ALBERT GUBAY CHARITABLE FOUNDATION	1	£25k
THE FREDERICK MULDER FOUNDATION	1	£20k
THE HILDEN CHARITABLE FUND	1	£7k
THE OAKDALE TRUST	1	£2k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE CARBON COMMUNITY.

THE CARBON COMMUNITY income £246k
THE CARBON LITERACY TRUST income £1.3m
THE GAP - WALES income £173k
WE MIND THE GAP income £910k
ZERO CARBON GUILDFORD income £262k
BIOCAP LIMITED income £125k

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
CARBON GAP LTD	£2.5m	above £60,000	6	unclear	—	no doubt
THE CARBON COMMUNITY FY2025	£246k	—	0	above	—	no doubt
THE CARBON LITERACY TRUST FY2025	£1.3m	—	0	unclear	—	no doubt
THE GAP - WALES FY2025	£173k	—	0	unclear	—	no doubt
WE MIND THE GAP FY2025	£910k	—	—	unclear	—	no doubt
ZERO CARBON GUILDFORD FY2024	£262k	—	0	unclear	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.