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← The Green Alliance Trust

2025-03-31-accounts

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Annual report and financial statements 2024-25

The trustees present their report and the audited financial statements for the year ended 31 March 2025. The financial statements comply with current statutory requirements, the memorandum and articles of association, the requirements of a directors’ report as required under company law and the statement of recommended practice (SORP) for accounting and reporting, applicable to charities preparing their accounts in accordance with FRS 102.

Leadership for the environment

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Contents

Chair’s introduction

Trustees’ report
1 Our vision and strategy 4
2 Progress report 2024-25 9
Impact highlights 10
Communications 36
3 Equity,diversityand inclusion 38
4 Ourplans for 2025-26 41
5 Financial review 45
6 Structure, governance and
risk management 50
Accounts
7 Independent auditor’s report to the
members of the Green Alliance Trust 58
8 Accounts for theyear end 31 March 2025 65
Funders 86
Partnerships and alliances 88
Members 90
Staf and board 92

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Chair’s introduction Laura Sandys

We had some great successes. The Election Hub, which assisted us and other environmental groups to organise election messages and increase coherence, ensured the new government was clear about the sector’s priorities as soon as it took office. Commitments to nature friendly farming, secured before the election, were largely honoured. In a significant shift, the UK government promised, for the first time, to create a strategy for a circular economy. Disposable vapes were finally banned and there’s now a policy to tackle digital exclusion by repurposing previously wasted used digital devices. All of these outcomes had our stamp firmly on them.

he general election in July 2024 saw a big Labour majority, overturning 14 Tyears of Conservative and coalition governments. The election, however, exposed the increasingly divided nature of UK politics and a fracturing of the consensus on the need for action on climate and nature restoration. One of our big priorities in the years ahead, as the impact of the climate crisis bites, will be to rebuild cross party support.

In the run up to the election, we worked with the Conservative government to achieve as much positive change as possible, while also building strong relationships with Labour. We pressed for early action on environmental priorities.

There are plenty of challenges still ahead, which we are meeting with evidence and reason. We are seeing a weakening of some important environmental protections under planning laws and of key green policies such as the zero emission vehicle mandate, which we helped to bring into force in January 2024. But the big story was the government’s continuing strong commitment to decarbonisation of the power sector and to deliver clean power by 2030, a significant goal that we are there to support.

We spent this year consulting widely with our partners, funders and network on our new five year strategy, to be launched in September 2025. Persuading political leaders of the urgent need and many positive reasons to do more to stop

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“There are plenty of challenges still ahead, which we are meeting with evidence and reason.”

environmental degradation, climate change and nature loss remains our core mission. Action will have social, economic and environmental benefits. But we are acutely aware of the political realities and unprecedented times in which we are operating. We will be presenting a plan that meets these challenges, with outcomes for the public central to its design.

I am so proud of what we achieved this year and the unique level of expertise we have been able to offer. Green Alliance’s experts are, more than ever, commenting in the media on a broad range of issues and we are regularly in demand by the UK’s governments for our highly valued advice.

The team at Green Alliance has been brilliant this year, going above and beyond, with the increased work around the arrival of a new government and the development of a strong, powerful strategy. With our growing ambition and the impact that we are committed to make, we are very pleased to have promoted Blanche Shackleton to deputy executive director. We were also

thrilled that our executive director, Shaun Spiers received the recognition of an OBE in the King’s Birthday Honours list, reflecting his significant contribution to the environmental movement.

Shaun and the great team have delivered some real results this year and all the trustees want to thank them for their dedication.

We have had to say goodbye to some of our longest serving and widely recognised trustees. We will greatly miss Dame Fiona Reynolds, Alison Austin and David Baldock who brought so much to the board and are so respected across the sector. However, we were thrilled to welcome Lamé Verre, Martin Harper, Saima Rasool and Colin Church who all have so much to contribute from environmental expertise, people focused policy knowledge and activism.

To all our trustees I want to say a huge thank you for your commitment and increased workload through the strategic review process. Together with the staff, we make a great team.

Laura Sandys Chair of trustees

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i/ Our vision and strategy

In 2024, we published an interim strategic plan to guide our work up to September 2025, when a new five year strategy will be launched.

The longer time horizon of five years from 2025 will enable us to set our sights firmly on environmental action needed by 2030, an important target for the UK and globally, and our role in delivery. Our longer term strategy will reflect the political landscape, deliver a renewed approach to our work, focused on people and planet, and will fully embed our equity, diversity and inclusion (EDI) goals across all our activities.

Our goals for 2024-25:

  1. Securing the political mandate for ambitious action

Through an influential political and media narrative, we will build the mandate for the government to act with greater ambition on the nature and climate crisis. We will promote action across departments and work within parliament to upskill parliamentarians and advise on legislation. And we will continue to play an important convening role, connecting and informing organisations both within and beyond the environment sector.

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  1. Advocating decisive action in the new parliament’s first year

We set out comprehensive proposals for rapid action to achieve a fair green economic transition, in Securing our future: a programme for government . We will work with the government and our partners to advocate for these bold policies, with equity at their heart. Our areas of focus are broad, but they include driving faster uptake of heat pumps, promoting the circular economy, highlighting the benefits of cleaner transport to communities, ensuring an equitable transition to green steel, pushing for revised fiscal rules to drive green growth and faster action to restore nature.

  1. Shaping the context for transformative environmental policy

We will focus on fundamental systemic issues and changes necessary to help politicians address some of the most complex environmental problems, like UK resource use, which we believe must be brought within planetary boundaries, and diet change, which is essential to address climate change and nature’s decline. We will press for faster, more co-ordinated UK action to adapt to climate changes and avoid the worst impacts on society, ensuring it is a government priority.

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  1. Preparing Green Alliance for the future

We are focused on ensuring our own culture, systems and processes align well with our values, so we can maximise our impact and enable the organisation and our people to thrive. Our priorities include meeting the goals of our 2023-25 equity, diversity and inclusion strategy, reviewing our recruitment processes and retention support to attract the best talent and continuing to diversify our income for a stable funding base.

Our work in 2024-25 was organised and is reported below under the following areas:

––[ Legislation and Governance Unit: ] influencing environmental legislation, regulation and governance.

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Our values

We are optimists

We believe a green and prosperous UK is achievable.

We are change makers

We are flexible and agile, focusing on where the power is, and on whatever we think will have the greatest impact.

We are collaborative

We are pluralists and believe collaboration and seeking to understand others’ viewpoints is the only way to make progress; this is reflected in how we operate both internally and externally.

We embrace complexity

We will never ignore the fact that environmental issues are inherently complex and inseparable from other important issues, including social impacts, and we do our best to address this in all our work.

We are inclusive

In all aspects of our work we seek to include, involve and listen to diverse voices and communities, as a necessary component of success.

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2/ Progress report 2024-25

Impact highlights

We played a central role in the Election Hub of political strategists supporting strong environmental sector advocacy which ensured climate and nature issues were prominent in the 2024 general election.

Our Climate and Nature Leadership Programme informed over 50 new parliamentarians and their staff, from all the major parties, about the environmental crises.

We made the legal case for always applying environmental principles early in policy making.

With our Welsh NGO partners, we helped to shape Welsh Government proposals on environmental principles, environmental governance and biodiversity targets.

We secured a bill amendment ensuring a nationwide deadline will be set for zero emission buses.

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We were pivotal in gaining government commitment to a new Circular Economy Strategy for England and cross departmental working on resource issues.

↑ Our senior fellow and head of resource policy Libby Peake was appointed as a member of the government’s Circular Economy Taskforce

As an early proponent of a faster innovation task force for the power system, we influenced the government’s new Clean Power Mission. ~~ee~~

We were the only environmental organisation the Office for Budget Responsibility engaged with on its Fiscal risks and sustainability report.

Our work on The Warm This Winter campaign led to Green Alliance being invited to attend the ministerial working group on fuel poverty strategy.

We rebutted industry misinformation on the government’s measure to encourage zero emission vehicle production.

30,000 small electrical and electronic products that could easily be reused are instead recycled each week.[14]

↑

We directly influenced the government’s Digital Inclusion Action Plan so many more used but still useful devices will be redistributed to people who need them.

Our major health and climate conference, hosted with the Wellcome Trust, put a spotlight on the health impacts of extreme weather. ↓

Our work was cited by ministers and MPs as vital in securing the UK ban on disposable vapes.

Our joint business letter to the prime minister pressing for more action on critical minerals led the government to promise a strategy update.

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Political leadership

We aim to raise ambitions across the political spectrum, to reverse detrimental human impacts on the environment at home and abroad, as a prerequisite to achieving a thriving UK society and economy.

We played a central role “in establishing an Election Hub of political strategists.”

Election hub co-ordination

We played a central role in establishing an Election Hub of political strategists which supported the environment sector through the 2024 general election. This helped to ensure a unified approach, provided strategic guidance and built a shared narrative around climate and nature priorities.

Post-election influence

Following the general election, we made a strong first impression with the new government, establishing early relationships with Number 10 and the departments. This early intervention positioned us well to promote climate and environmental policy priorities to the new administration, including in the Clean Power Mission.

Climate and Nature Leadership Programme for MPs

Through our work as secretariat of the Environment All-Party Parliamentary Group (APPG), we delivered a Climate and Nature Leadership Programme, jointly with the Climate APPG, for new MPs, peers and their staff. Over the course of this programme, we engaged with over 50 parliamentarians and staff from across all the major parties, holding events

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on the climate and nature crises. APPG events included hosting meetings with Emma Pinchbeck, CEO of the Climate Change Committee, and Ruth Davis, the government’s newly appointed nature envoy.

Project Boost

Colleagues across the “House have said the Climate and Nature Leadership Programme is one of the most positive things they’ve done since starting in parliament.”

Andrew Pakes MP, in a speech to the Environment APPG

We launched a new initiative, Project Boost, to skill up staff across the environment sector on politics, assisting work focused on the new parliament. The year long programme, engaging with over 350 organisations, has included expertled sessions on how to engage with departments and legislative processes, and how to maximise political moments, like the budget or the spending review. This highly popular programme has already helped to increase the confidence and clarity of sector advocacy.

Warm This Winter coalition leadership

In response to the government’s decision to means test the Winter Fuel Allowance, we stepped up work with the Warm This Winter campaign, pressing the government around the poor policy communication. The campaign wrapped up at the end of March 2025 and we are evaluating its impact. One outcome of this work is that we were invited to attend the ministerial working group shaping the next fuel poverty strategy.

Opposing airport expansion

We opposed Heathrow Airport expansion, supported by the government in February 2025, both publicly and directly to the government. On this issue, we supported MPs’ responses and provided regular intelligence updates and strategic advice to other environmental organisations.

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Celebrating green leadership

An absolutely fabulous “event and such a powerful evening.”

In June, we hosted an event at London’s South Bank Centre to mark Caroline Lucas’s departure as the UK’s first Green MP and celebrate her longstanding leadership on climate and nature. This joyful occasion, in a full hall highlighted the importance of sustained political commitment and cross party co-operation in environmental policy making and provided a space to reflect on the progress made and the challenges ahead.

Attendee at the celebration of Caroline Lucas, June 2024

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Legislation and governance unit

This unit, led by our senior fellow, Ruth Chambers, influences environmental legislation, regulation and governance and provides expert scrutiny and strategic advice to the environment sector.

Reviewing governance

If Green Alliance did “not exist, we would have to invent it”

Environment minister Mary Creagh MP, in a speech to Green Alliance in September 2024

Our major review of environmental governance across the UK featured in a publication for environmental lawyers. A joint event this year, hosted with the UCL Centre for Law and the Environment and the UK Environmental Law Association (UKELA), had over 300 attendees.

Strengthening environmental protections in Wales

We worked with Welsh NGO partners, to submit expert evidence shaping Welsh government proposals for legislation on environmental principles, environmental governance and biodiversity targets.

UK environmental improvement plan

We participated in a review of the UK government’s Environmental Improvement Plan, steering its progress and findings. And we maintained pressure on Northern Ireland’s environment department to publish the country’s first environmental improvement plan (which it did in September 2024) and establish its independent environmental protection agency.

Legal intervention on principles

We conducted Green Alliance’s first legal intervention, to make the case that environmental principles should never be an afterthought but always considered at the outset and throughout government policy making processes.

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Resources

Image from Making the connection: ending digital exclusion with reused devices January 2025

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We secured a government “commitment to ban disposable vapes.”

The UK is one of the worst offenders globally for its rate of resource use, causing environmental harm at home and abroad. Throwaway culture is a major culprit. We are determined to turn this around and make sure the advantages of a circular economy, that preserves precious materials, pollutes less and creates new job opportunities, are not ignored.

Advising on circular economy strategy

Ahead of the 2024 general election, we promoted the major asks from our business-led Circular Economy Task Force to the incoming government, aiming to achieve a reduction in the UK’s unsustainable resource use and, unlock the economic benefits of doing so. Two of these asks: more cross departmental working and a reboot of England’s resources strategy, were immediately taken forward through the establishment of the government’s own Circular Economy Taskforce, charged with creating England’s first Circular Economy Strategy in late 2025.

Our head of resource policy, Libby Peake, was appointed to the government’s taskforce, along with 18 other experts, to advise on the strategy and its delivery. This opportunity is a testament to our many years of sustained leadership on this area.

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Cutting e-waste, ending digital exclusion

In a novel project, funded by Virgin Media O2 in partnership with the environment charity Hubbub, we investigated how to simultaneously tackle the problems of rising digital exclusion and mounting electronic waste. We proposed ways to unblock the barriers preventing used devices reaching people that need them, to allow widespread redistribution.

At a parliamentary launch, at which environment minister Mary Creagh spoke, we invited community groups already involved in device redistribution to show MPs how it can work.

When the government’s new Digital Inclusion Plan was launched in February 2025, it reflected our

recommendations, and we were invited to join the advisory group designing a responsible device donation charter.

“ Absolutely love the report, reads well, reads easily, and says exactly what it needs to say. There’s nothing anyone could disagree with.”

Paul Finnis, founder of Digital Poverty Alliance, on Making the connection: ending digital exclusion with reused devices (January 2025)

Securing a UK ban on disposable vapes

In 2023-24, after extensive advocacy with health organisations, we secured a government commitment to ban disposable vapes, to prevent their detrimental health and environmental impacts. However, the timing meant the proposed legislation was halted as the general election was called in 2024.

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We picked up the issue again and advocated strongly for the new government to take it forward and were pleased when it was reintroduced early in the parliament, with acknowledgment of our contribution in the government’s press announcement. Our work was cited several times by ministers and MPs in parliamentary debates on the issue.

Informing MPs

With our Circular Economy Task Force, we hosted a series of dinners for backbench MPs, to build a cohort of parliamentary champions who understand the advantages of resource efficiency and the policy changes needed to encourage it.

We produced ‘Beyond the bin’, a dedicated website and briefing, to aid politicians’ understanding of where waste arises in the economy, showing that it is systemic at many levels, not just at the point when something is thrown away.

This followed a series of three short graphic reports which simply presented the evidence for why a circular economy is good for people, businesses and the UK as a whole.

We welcome Green “Alliance’s policy insight on circular economy and look forward to utilising their research in preparation for our next Environmental Improvement Programme progress report.”

Darren Watson, Office for Environmental Protection, on our circular economy graphic reports

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Mission critical

Critical minerals, such as rare earth metals, are vital for green infrastructure like batteries and wind turbines. We worked with Zero Waste Scotland on the report Mission critical (August 2024) and co-ordinated an letter from 29 businesses and associations to the prime minister, highlighting the importance of a clear strategy to protect UK resilience and prevent the damaging impacts of extraction, by preserving, reusing and recycling essential resources. Since, the government has committed to an updated critical minerals strategy, and we have given advice on how it can incorporate circular economy principles and promote demand reduction.

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Greening the economy

Image from The nature of our economy: implementing the Dasgupta Review April 2025

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Green policies help to solve fundamental economic challenges. Green investment raises productivity and will lead to high quality jobs in new industries. A green industrial strategy brings a new sense of national purpose and pride. More investment in skills is also needed as low carbon industries and infrastructure are developed. We show how these benefits can be maximised and distributed fairly across the country, to reinforce public support for ambitious environmental action.

Promoting a green skills strategy

Green Alliance’s research on the positive impact of green growth on the labour market, and particularly on the need for a clear strategy to skill up the workforce, has been of ongoing interest to the government and companies. We were in regular demand to speak on this during the year and our executive director, Shaun Spiers was invited to join a government taskforce on green skills.

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Nature and the economy

Our two year project on implementing the Dasgupta review on the economics of biodiversity, which was published in 2021 but then not acted on by the Treasury, concluded with a report and event in April 2025. Over the course of this research, we spoke to over 65 experts, including many close to the review.

Your report is quite “simply terrific, far better than anything I could have produced. Many, many thanks for producing it.”

In our conclusions, we provided a policy roadmap on how to price the value of nature to the economy into the system, to preserve nature as a vital economic asset underlying future prosperity. As we hoped, this stimulated renewed interest in Professor Dasgupta’s findings from the government, business, the City, the Office for National Statistics, the Office for Budget Responsibility (OBR) and parliament.

Professor Partha Dasgupta

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The case for green economic investment

We ensured “environmental priorities were raised early in the government’s green finance and investment strategy planning.”

With the economy struggling and some calling for a roll back in green investment, we continued to point to the reasons why this is regressive and highlight why it matters to wider economic success. Ahead of the autumn spending review and the chancellor’s 2025 spring statement, we made the argument to ministers and civil servants across departments. At the request of the OBR, we hosted seminars exploring the financial risks of climate and environmental breakdown and the case for fiscal reform. This opened up new dialogue between Treasury officials and environmental NGOs. We are the only green organisation the OBR engaged with on its Fiscal risks and sustainability reports.

Following publication of the government’s industrial strategy green paper, we submitted a detailed response in which we advocated alignment between the UK’s net zero and nature recovery goals, to shape a modern green economy. We were one of several organisations calling for a change to the fiscal rules and were pleased when the Treasury changed to a measure of public debt that allowed for more investment.

National Wealth Fund

We briefed the Department for Environment, Food and Rural Affairs (Defra) and the Treasury on the importance of integrating nature into their plans for the National Wealth Fund (formerly the UK Infrastructure Bank). We also ensured environmental priorities were raised early in the government’s green finance and investment strategy planning.

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Low carbon future

Image from Climate and health: protecting people in the UK from extreme heat (With the Wellcome Trust) April 2025

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Every part of the UK economy must contribute to ending the fossil fuel era. Working with leading businesses and NGOs, we are targeting those sectors that need to modernise for a greener future, like transport, buildings and heavy industry. We advocate policies that will speed up the transition and ensure everyone can benefit sooner.

Mapping the route to low carbon travel

In February 2024, we mapped a UK pathway to zero emission aviation, summarising this complex issue and aiming to influence industry planners and government investors to see a low carbon future for the industry, as well as inform MPs on the topic.

Our analysis and work making the case for a zero emission vehicle (ZEV) mandate was instrumental in its introduction early in 2024, and it is now one of the government’s most powerful climate policies. It requires the automotive industry to sell an increasing proportion of new electric vehicles every year to combat climate change and air pollution and lower the overall cost of driving. This year, we continued to provide fact checks for parliamentarians and civil servants on the importance of maintaining this mandate, in the face of industry scare stories and the threat of trade tariffs from the US.

Switching to cleaner forms of transport is essential to meet the government’s legal carbon reduction targets, but policy is falling short to meet the UK’s climate commitments. This

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is still the sector with the highest carbon emissions in the UK. Our report Mind the gap , in January 2025, outlined interventions needed to put the country on track towards a clean, low carbon transport system. It was the basis for engagement with civil servants at the Department for Transport and the Environmental Audit Committee.

We host a regular “roundtable of environmental NGOs to align on transport strategy.”

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2022 UK transport emissions by mode
MtCO2e
60 CI
59.6
50
40
Se
30
30.6
20
19.1 18.6
—
10
11.6
0 | a 2.6 =PS 1.5
Cars Aircraf HGVs Vans Ships Buses Trains
Graph from Mind the gap (January 2025)
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We host a regular roundtable of environmental NGOs to align on transport strategy and advocacy and increase impact on major issues. During the year, a subgroup focused on planning reforms and the National Planning Policy Framework consultation, agreeing shared positions and responses.

How to modernise public transport

Next stop, better rail

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Growing UK
train travel
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Ahead of a new integrated national transport strategy, in early 2025 we joined with Trainline and Cardiff University to model national rail network and travel patterns. Comparing rail to private car journeys, we demonstrated, through mapping and Trainline’s data, how better connections, affordability and integration with other transport would encourage more people to use trains, reducing congestion, pollution and climate impacts. The Guardian endorsed the report’s findings in an editorial.

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Our report A bus “ revolution outlined a costed five year plan for better services.”

Buses are the most used form of transport across the country and are low cost and low carbon. But service provision and passenger numbers have declined. In May 2024, our report A bus revolution outlined a costed five year plan for better services.

During the year, we co-ordinated NGO voices around new bus and rail legislation and briefed peers around the Bus Services Bill, to raise its environmental and social ambitions. We were pleased to secure an amendment ensuring there will be a nationwide deadline for zero emission buses.

Spotlight on climate change adaptation

We launched a new task force in June 2024 with seven leading businesses (see page 89 for members) on priorities for UK climate adaptation, and the association IEMA subsequently joined. This is a neglected area of climate policy with severe implications for the economy and communities. Focused on increasing government action, we held meetings with the OBR, the Treasury, Defra and adaptation specialists from the Climate Change Committee. We provided briefings relevant to the government’s five missions and set ‘adaptation tests’ for the comprehensive spending review, as well as a response to the Environmental Audit Committee’s January 2025 inquiry on flooding in England.

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With the Wellcome Trust, we co-hosted a major conference in October 2024 exploring the intersections of health and climate policy. Deputy Mayor of London Mete Coban spoke about progress and challenges in the capital, and we presented the findings of two pieces of work exploring how the UK should do more to adapt and protect against the harmful physical and mental health impacts of extreme weather.

I greatly appreciate the “reports Green Alliance has published on the UK chemical sector. They make a complex problem digestible and bring much needed attention to our industry.” Richard Woolley, head of 3 energy and climate change, Chemical Industries Association[W]

Alistair Strathern Labour MP and Environment APPG chair, speaking at ‘A roadmap for an adapted UK’, October 2024

Action on methane

Methane, a greenhouse gas over 80 times more potent than CO2 over the short term, is a major driver of climate change. Despite this, it has not had the attention it should, grouped with other greenhouse gases in climate policy. But action on methane is urgent and over the past two years we have been working to highlight this.

Our advocacy influenced the energy secretary Ed Miliband to state the importance of methane at the COP29 global climate summit in November 2024, where he described it as “the sprint” as opposed to action on CO2 being a marathon. Since, we have advocated strongly for a National Methane Action Plan.

One solution, methane suppressants in cattle feed, became a social media controversy in early 2025 due to

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misinformation, highlighting the importance of good communication around necessary measures. We provided fact checking on this issue.

Our evidence on methane to the House of Lords

Environment and Climate Change Committee was quoted 86 times in the committee’s report Methane: keep up the momentum , published in December 2024.

Cutting carbon in industry

Decarbonising industry and accelerating a fair transition to new technologies will be vital to meet the UK’s climate goals. Over the year, we mapped out how to phase out fossil fuels in industrial processes, tackle policy barriers and support communities through the changes. This included well received publications and briefings on industrial electrification, power purchase agreements and emissions reduction in the steel, cement and chemicals sectors. Our concerns about the need to futureproof heavy industries have been reflected in the government’s new industrial strategy and the need for electrification has become much more dominant in the conversation, due in part to our work.

Clean power

We influenced government thinking on the move to low carbon power through our detailed analyses, including around the form of the government’s Clean Power Mission, with a task force designed to drive rapid deployment and deliver cheaper, greener electricity by 2030. We led the argument that a task force of this nature would be the best way to ensure innovation and accelerate the change.

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Natural environment

Image from Farming at a crossroads February 2025

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Better land use and

management is needed to reverse the alarming decline in nature and cut greenhouse gas emissions. The UK is one of the most nature depleted countries in the world and emissions from agriculture remain stubbornly high. This harms economic prospects, including farming, and diminishes all our lives, as once common species vanish. But, with the right conditions, nature can recover. We are working on the political routes to make sure this happens.

Support for farming and the environment

During the general election campaign, we helped to secure continued commitment from the Labour Party to the three Environmental Land Management (ELM) schemes which replaced EU agricultural policy post-Brexit. We worked successfully, alongside farming and environmental organisations, to avoid cuts in the October budget to the funding for these schemes, and for the continuation of the Nature for Climate fund supporting farmers to restore peat and plant trees. Ahead of the 2025 spending review, we continued making the case for why this is important to the

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government’s agenda, including through a commissioned essay ‘People first: selling nature to Labour’ (January 2025), from the nature and climate expert and former shadow Defra policy adviser, Adam Dyster.

Following our calls for a long term vision for farming, we welcomed the government’s announcement in January 2025 of a new 25 year roadmap for agriculture. We subsequently participated in departmental workshops informing the roadmap’s development. We also used a joint briefing with the Nature Friendly Farming Network, ‘An introduction to food and farming’ (November 2024), to engage new MPs and build interest in the topic.

The challenge of mixing “ecologically sound land use with food production continues both to trouble and elude governments. This report is a welcome reminder of how UK environmental champions recognise the real advantages from getting the practicalities sorted out. Everyone – farmers, industry, the public, health services – would benefit if policy makers rose to the challenge.”

Tim Lang, professor, City University London, on A new land dividend (May 2024)

A new land dividend

There is not enough land to satisfy current patterns of consumption without accelerating climate and nature breakdown. But increasing consumption of alternative proteins could be game changing as it would mean using far less land. It would also be an economic opportunity as a growing industry. In a major collaboration with the Good Food Institute we reported, in A new land dividend (May 2024), on the impacts alternative proteins could have on land use in ten European countries: Denmark, France, Germany, Italy, the Netherlands, Poland, Romania, Spain, Sweden and the UK. We identified supportive policy needed to develop the industry further and ensure farmers also reap the benefits of the transition.

Recommendations on land use

In February 2025, we published Farming at a crossroads , based on our conversations with farmers across the UK. Including case studies and recommendations for future policy, it had a positive reception from both the farming sector and the government. Environment minister Daniel Zeichner MP, spoke at the launch and we engaged further with him on our recommendations. The government’s land use consultation early in 2025 reflected these and acknowledged the importance of land use change to meet climate and nature goals. As a regular commentator on this topic, we have emphasised the need for a stronger

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The reports from Green “Alliance have been totally invaluable. They are some of the highest quality work that I have read in these areas.”

Dr Thomas ManandharRichardson, director of research, Bryant Research, on Green Alliance’s farming and food reports

David Felce, Midloe Grange Farm, Cambridgeshire

framework for nature targets to be met, including in ministerial meetings. We also continued to defend the growth in solar farms against food security concerns, demonstrating that climate change is the far greater threat in ‘Why new solar farms boost UK food security’ (August 2024).

Influencing water policy

A Green Alliance briefing in November 2024 raised the need for more urgent action on agricultural water pollution, responsible for over half of all water pollution. It was read by Number 10, Defra and the Office for Environmental Protection and we were subsequently invited to advise on the Environment Improvement Plan’s water targets.

Regenerative agriculture project with the University of Oxford

In September 2024, we began a year long collaboration with TABLE, a University of Oxford research platform, to explore how regenerative agriculture can contribute to a just future for farming. Through interviews, surveys and workshops, we aim to inform future policy with the insights gained.

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Communications in 2024-25

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Media

Parliamentary profile

3,807 mentions across all media

14

mentions in Hansard

489

in national and top regional media outlets

5

number of times Green Alliance gave evidence at select committees

309

mentions in national broadcast media

86

number of times our evidence was quoted in the House of Lords’ Environment and Climate Change Committee’s report on methane in December 2024

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Social media and published outputs

25%

more published policy reports than 2023-24

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Events

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events. 12 in-person, 14 online

3,178

33%

more published briefings than 2023-24

76%

attendees (20% more than 2023-24)

406

attendees at our 45th anniversary celebration and reception.

increase in engagement on X

8,158

podcast downloads

22%

increase in LinkedIn followers

4,564

new followers on Bluesky (launched in 2024)

114

blogs with 61,733 views

Speakers at our events in 2024-25 included: Environment Secretary Steve Reed MP; health campaigner and broadcater Dr Guddi Singh; David Buttress, OVO CEO; Lord Mayor of London; RSPB CEO Becky Speight; BBC presenter Tom Heap; head of the Clean Power Mission Chris Stark; Environment Minister Mary Creagh MP, Alistair Strathern MP; Deputy Mayor of London Mete Coban; author Guy Shrubsole; Helen Hayes MP; Daniel Zeichner MP; author and activist Dr Mya-Rose Craig; Dame Fiona Reynolds and former Green Party leader and MP Caroline Lucas

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3/ Equity, diversity and inclusion 38

We made further progress on equity, diversity and inclusion (EDI) this year led by an EDI committee comprising staff across the organisation. Their responsibility includes driving action to meet five key objectives:

  1. Ensuring that, as well as the environment, people and social justice considerations are embedded in Green Alliance’s policy thinking, design and advocacy.

  2. Increasing the diversity of the board and staff, especially regarding socioeconomic and ethnic diversity.

  3. Building a more inclusive culture at Green Alliance. We define this as welcoming people from all backgrounds, experiences, identities and characteristics, so our employees know that their differences are valued.

  4. Listening to a diverse range of people and enabling a greater platform for underrepresented and lesser heard voices across our internal and external work.

  5. Playing an active and collaborative role in the think tank and environment sectors to increase diversity and inclusion.

In 2024-25, we recruited a new head of social impact , Cath Smith, to help ensure that our work considers all groups across society.

We participated in several external EDI initiatives, including the RACE Report 2024 and Race Equality Week. Our team have engaged in training across different EDI areas, including active bystander training, cultural competency training, LGBTQIA+, race equality and menopause awareness workshops.

Following a review of our longstanding graduate scheme, in 2024 we developed a new partnership with the organisation Creative Access to deliver a new Positive Action Trainee Scheme. This resulted in three, 12 month, paid traineeships for individuals at an early stage in their careers, enabling them to learn about working in our political leadership, policy development and operations teams.

Looking ahead, our plans include:

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Through these activities and more, we will build the connection between social and environmental justice and our policy work

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4/ Our plans 2025-26 41

Having consulted widely with partners, funders and our network, a new five year strategy will be published in September 2025. This has included a comprehensive assessment of the context in which we are working and our unique role in environmental politics. The themes outlined below align with the present structure of our work programme and the work described is underway. Under the new strategy, this and all new work will be organised around priorities set for the next five years.

Political leadership

We will strengthen relationships with secretaries of state, ministers and advisers in the Labour government, and expand our network across sectors.

As secretariat of the Environment APPG, we will build and amplify support for ambitious environmental action amongst MPs and peers from all major parties, making clear that addressing the climate and nature crisis must be a non-partisan issue.

Through our Impact 2025 initiative, Project Boost and other collaborations, we will bring together partners from the environment sector and beyond to ensure we boost influence and reach on environmental priorities in Westminster.

We will continue our work with opposition parties to develop strong positions on environmental issues, to apply pressure on the government to increase its ambition.

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Low carbon future

On transport, we will continue to bring civil society groups together to seek consensus and ensure consistent messaging to government, look at how the UK can maintain a leadership role in vehicle and aircraft manufacturing through the green transition and analyse options to decarbonise HGVs.

We will work on ways to bring down power costs at the system and household level, including modelling the benefits and costs of adopting a social energy tariff.

We will continue to push the government to show global leadership on methane, especially at the COP30 climate summit, by creating a national action plan.

On industrial decarbonisation, we will focus on policies that appeal to the government’s priorities, retain industry ensure fairness for communities.

Our Adaptation Task Force will continue to work on increasing government ambitions around climate change adaptation.

Resources

We will work to ensure a highly ambitious government Circular Economy Strategy in 2025, aligned with the industrial strategy and an updated critical minerals strategy.

We will continue to build a new generation of parliamentary champions on UK resource priorities, particularly backbench MPs who can help hold the government to account and push for delivery.

We are exploring a new project on overconsumption and inequality, considering the links and how both of these challenges can be tackled together.

In new work for our Circular Economy Task Force, we will demonstrate how the circular economy contributes to a futureproof, resilient economy, including case studies of successful, large scale circular businesses, macroeconomic analysis and a new exploration of public attitudes.

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Greening economy

We will report on the car industry’s transition to electric vehicles and how to support it, to preserve the UK sector and protect jobs.

We will advocate for green investment in the government’s spending and industrial strategy plans.

Working with the OBR, we will provide advice on the climate and nature sections of its 2025 Fiscal risks and sustainability report.

Following our work on green skills and job training, we will propose how to increase young people’s engagement in green careers.

We will continue to promote the findings of the Dasgupta Review on the economics of biodiversity, with a focus on regional growth strategies.

Natural environment

We will work across sectors to secure the national food strategy delivers policies to support a shift to both healthier and more sustainable diets in the UK.

To support farmers to reduce the climate impacts of agriculture and restore nature on farmland, we will advocate policies including through an ambitious land use framework and farming roadmap.

We will build momentum for these farming policies by shedding light to how they affect people, making recommendations that deliver for both people and the environment.

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5/ Financial review 45

Treasurer’s report

This year, we introduced a new finance and project management system, following the recommendations of a finance review in 2023. The system went live in January 2025 with a smooth transition.

Income

==> picture [120 x 126] intentionally omitted <==

Individuals 1.8% Public bodies 0.5% Business 13.8% NGOs 4.5% Trusts and foundations 79.4%

Integration of finance and project management is increasing efficiency and providing valuable new insights for capacity management and project planning. We are grateful to our head of finance, Kim Rennie and head of people and programmes, Claire Somerville, for their skilled leadership of this project, and to the staff team for willingly engaging with the process. We spent £69k of the designated project fund set aside for this purpose and will spend the remaining £11k in 2025-26 on further development of the system.

We were expecting to move office this year but, due to delay in the building refurbishment plans, we are staying at Millbank Tower until December 2026. We have appointed an agent to find us new offices after then and will maintain the designated building fund in preparation for that move.

We have had another successful fundraising year and are grateful to both old and new funders for their support. Our income in 2024-25 was £3.7m, significantly over our fundraising target of £2.8m. This year, we spent £148k of the £400k in a designated ‘impact and innovation fund’, which has supported projects such as our Adaptation Task Force, recruiting the new post of head of social impact, increasing advocacy on natural environment and chemicals decarbonisation projects. This fund enabled us to work reactively on key political moments such as the spending review, the industrial strategy, and on the defence, green growth, clean power and climate agendas. The remainder of the fund will be carried forward to 2025-26.

We are aware that the context for fundraising over the next couple of years will be challenging, with some funders changing their focus and an expected decrease in climate and nature philanthropy due to the wider global context. Our new strategy, to be published in autumn 2025, will present a compelling and focused proposition for our

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funding into the future. The senior management team will work closely with senior staff to identify a work programme that draws on Green Alliance’s unique skills. We will carefully monitor our going concern analysis throughout the year.

Our income from corporate funders remained consistent this year at £504k (2024: £489k). Income from NGOs has fallen to £163k (2024: £465k), this reflects the ebb and flow of the collaborative and convening nature of our work. Trusts and foundations once again provided most of our income, at 79.4 per cent (2024: 67 per cent), and income from individuals has remained constant at two per cent (2024: three per cent). Our trust and foundation sources continue to be diverse, and we are not dependent on any one funder for more than 30 per cent of our income.

Expenditure

==> picture [119 x 119] intentionally omitted <==

Charitable activities 89.8% Fundraising 7.7% Governance 2.5%

Expenditure for the year was £3.5m (2024: £2.89m), generating a surplus of £184k (2024: £295k). This included an increase in our restricted funds, by £41k, and a £143k contribution to unrestricted funds.

Reserves

Our reserves policy sets a target of 15 per cent of budgeted income to be held in unrestricted reserves to protect the organisation from unexpected financial risk and to ensure we are able to maintain operations or wind up projects as a result of a loss of income or failure to secure funds. We reviewed our reserves policy in 2025 and will undertake a more detailed analysis of the reserves needed in the future alongside the draft budget in December 2025.

We end the year with £550k in our general fund. We have spent most of the system’s fund on implementing the new finance and project management systems, and retain £11k to be spent on further development in 2025-26. We added a further £400k from our unrestricted income to the balance of our ‘impact and innovation fund’, leaving us with £652k to spend under this fund in 2025-26 and beyond. We retain the £150k building fund from the previous year.

Total funds at 31 March 2025 (note 12 in the financial statements) were £2.22m (2024: £2.04m) comprising of

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£731k in restricted funds (2024: £690k) and £1,495k in unrestricted funds (2024: £1,352k).

The free reserves of the charity, being the general unrestricted fund less the net book value of tangible fixed assets, at 31 March 2025, were £540k. This represents 15.2% of our target income for 2025/26, marginally above the target in the reserves policy.

Investments

At the present time, the trustees’ policy is to maintain all cash balances on deposit, earning a market rate of interest. Green Alliance held no other shares or investments in the financial year. We will agree a new investment policy in 2025.

Going concern

The board of trustees has confidence in Green Alliance’s business model of closely aligning income and costs in an agile manner. Trustees have reviewed fundraising plans and have analysed cash flow forecasts through to

September 2026. Trustees believe that the organisation has the ability to manage any operational or financial risks and to respond in a dynamic way. On that basis, the board considers there is a strong expectation that Green Alliance will continue to operate in the foreseeable future. For this reason the board continues to adopt the going concern basis of accounting in the preparation of these financial statements.

Fundraising disclosure

Green Alliance does not employ any third parties to undertake fundraising activity on its behalf. Fundraising is led by the senior management team with support from the staff. Most of Green Alliance’s income comes from trusts, foundations, NGOs and businesses.

We have a membership scheme for individuals, with over 300 members, who contribute to the organisation through a regular subscription. We ask for new members’ consent and

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preferred method of contact and respect the wishes of those who choose not to be contacted. We have not undertaken any fundraising activity involving direct mail or telephoning supporters. We did not receive any complaints about our fundraising activity in the year.

In line with 2016 fundraising regulations, we have written guidance for staff who are concerned about the fundraising practices of Green Alliance and to ensure that they are protected from discrimination in any cases of whistleblowing.

Paul Lambert FCA Treasurer

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6/ Structure, governance and risk management

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Green Alliance Trust was founded in 1979. It was registered as a charitable company, limited by guarantee, in 1995. The charity and company The Green Alliance Trust operate under the working name Green Alliance.

The Company was established under a memorandum of association, which established the objects and powers of the charitable company and is governed under its articles of association.

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note seven (page 78) to the accounts.

Board of trustees

The charity is governed by a board of trustees. Day to day running of the charity is delegated to the executive director and senior management team. The charity is staffed by paid employees.

The finance and management sub-committee meets quarterly to monitor financial performance, risk and other management issues, with additional meetings as required. The appointments committee is responsible for the recruitment of new board members and meets as required.

Recruitment of trustees is directed by organisational need. Green Alliance appoints trustees on the basis of the skills and experience they can bring to the custodianship and management of the business and its activities. All prospective trustees are recruited by public advertisement. Recommendations from the appointments committee are voted on at either an AGM or at a board meeting in accordance with our memorandum and articles of association. Each prospective trustee is invited to a board meeting prior to their appointment to ensure mutual suitability. Once confirmed, they are then appointed or co-opted to the board for an initial term of three years. Prior to appointment, some trustees also act as observers to the board.

In 2024, we advertised for new trustees and hosted a webinar on the role of trustees to raise awareness of the opportunity. We appointed three new trustees in September 2024 and also appointed an observer to the board who

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became a trustee in September 2025 when one of our current trustees came to the end of his final term. New trustees have been provided with an induction to the organisation and the role, and additional training is made available as required.

Trustees stand down and can be re-elected annually at each AGM. Unless there are exceptional circumstances, no trustee serves longer than nine years.

We undertook a board effectiveness review in 2024 and have created an action plan to address key areas of improvement which is reported on at each board meeting.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2025 was 14 (2024: 12). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Principal risk and uncertainties

Green Alliance operates in an uncertain funding environment, in common with other charities, and a significant amount of our work is reactive and responsive to changing political activity. The trustees have a risk management framework to ensure risks are effectively identified and minimised.

We review our risk register at every board meeting and assess all of the risks and mitigating actions necessary to manage them. These include risks relating to:

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The greatest risks identified for Green Alliance in 2025 included:

We paid particular attention to guidance from the Charity Commission and the Electoral Commission to ensure that our political advocacy work in the lead up to the 2024 general election was compliant. Training was provided for all staff and informed discussions held at the board.

Related party transactions

Details of related party transactions are set out in note 14 to the accounts on page 82.

Staff and volunteers

We welcomed three trainees to our team this year, recruited through a Positive Action scheme supported by Creative Access. They have joined our policy, politics and operations teams for 12 months and are paid a bursary during their year of training with us.

The pay of the senior management team and all staff will continue to be reviewed annually by trustees and is increased in accordance with cost of living, where practicable, taking into account the charity’s financial position.

Environmental impact

Green Alliance’s work promotes sustainable development by ensuring that the environment is at the heart of decision making and we seek to apply this in all aspects of our own operations too.

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Suppliers are chosen to align with our values and environmental policy, and for potentially higher impact services, such as printing and cleaning, we employ ISO14001 accredited companies with a strong environmental ethos. When purchasing for the office, second-hand items are considered along with criteria such as energy consumption, manufacturing methods, materials, packaging, emissions and the need for consumables.

Publications: For printing high numbers of a publication, a waterless offset litho process is used with vegetable inks. Small print runs are processed digitally. All printing is on recycled paper. To reduce waste and the need for printing, all publications are made available to read digitally and some are only published online.

Events: In organising our events we attempt to follow the guidance of the sustainable events standard ISO 20121.

Recycling and reuse: Items no longer needed are passed on to charity shops and other reuse distributors; if this is not possible, materials are recycled where feasible. All electrical equipment is dealt with according to, or exceeding, WEEE directive obligations, and almost all glass, metal, plastic and paper waste, as well as batteries and toner cartridges are recycled. From 1 April 2025 we have been following the simpler recycling requirements.

Transport: Staff are supported in choosing greener methods of transport. Green Alliance promotes the Cycle to Work scheme, we have access to showers and locked bicycle stands, and offer rail season ticket loans. When other transport is required, for example to carry equipment and heavy packages, hybrid taxis, cycles or electric vehicle couriers are preferred.

Public benefit

The charity is guided by founding aims which state that it will:

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The trustees confirm they have complied with the Charities Act 2011 to have due regard to public benefit guidance, published by the charity commission in determining Green Alliance’s activities.

Green Alliance is careful to ensure its work is inclusive, accessible and responsive to the needs of beneficiaries.

Trustees’ responsibilities

Trustees, who act as directors of the company for the purposes of the Companies Act, and trustees for charity law purposes, submit their annual report and the financial statements of The Green Alliance Trust for the year ended 31 March 2025. The board of trustees confirms that the annual report and financial statements of the company comply with current statutory requirements, the requirements of the company’s governing document and the provisions of the charities statement of recommended practice for accounting and reporting (SORP 2015 FRS 102).

Company law requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of the affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements the trustees are required to:

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The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time of the financial position of the charitable company and enable them to ensure that the financial statements comply with the Charities Act 2006. They are also responsible for safeguarding the assets for the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Safeguarding and whistleblowing

Green Alliance has a safeguarding policy and whistleblowing procedure to ensure staff have reasonable protections in undertaking their work and are able to report any perceived wrongdoing within the organisation. A session was held in March 2025 for all staff to explain the whistleblowing policy. Whistleblowing reports go directly to a nominated member of the board. There were no safeguarding or whistleblowing complaints raised in the year.

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Auditors

We appointed Sayer Vincent as our auditors in 2024 following a tendering process. The report of the trustees has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within part 15 of the Companies Act 2006. In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

On behalf of the trustees

Laura Sandys Chair of the board of trustees 16 September 2025

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7/ Independent auditor’s report to the members of The Green Alliance Trust

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Opinion

We have audited the financial statements of The Green Alliance Trust (the ‘charitable company’) for the year ended 31 March 2025 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The financial reporting standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

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Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on The Green Alliance Trust’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

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Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of noncompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

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Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

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journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org. uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Judith Miller (senior statutory auditor)

Date: 14 October 2025

for and on behalf of Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, London, EC1Y 0TG

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8/ Accounts for the year ended 31 March 2025 65

The Green Alliance Trust Statement of financial activities for the year ended 31 March 2025 (incorporating the income and expenditure account)

2025
Restricted
Funds		 2025
Unrestricted
Funds		 2025
Total
Funds		 2024
Total
Funds
Notes £ £ £ £
Income from:
Donations and legacies		 3 15,000 507,756 522,756 496,596
Charitable Activities
Political leadership		 1,193,092 39,932 1,233,024 1,199,886
Greeningthe economy 299,011 - 299,011 185,208
Low carbon future 697,650 65,000 762,650 674,548
Resources 63,000 207,828 270,828 269,094
Natural environment 516,019 - 516,019 316,317
Investments — 60,823 60,823 41,563
Total income 2,783,772 881,339 3,665,111 3,183,212
Expenditure on:
Raisingfunds:
Fundraising 4 — 277,512 277,512 203,761
Charitable activities
Political leadership		 4 1,202,663 84,205 1,286,868 1,082,547
Greeningthe economy 304,226 60,901 365,127 270,293
Low carbon future 796,414 28,868 825,282 800,716
Resources 66,413 176,489 242,902 131,569
Natural environment 441,342 41,904 483,246 399,027
Total expenditure 2,811,058 669,879 3,480,937 2,887,913
Net income and net
movement in funds		 6 (27,286) 211,460 184,174 295,299
Transfers between funds 68,611 (68,611) — —
Reconciliation of funds
Total funds brought forward		 689,773 1,351,766 2,041,539 1,746,240
Total funds carried forward 12 731,098 1,494,615 2,225,713 2,041,539

All activities relate to continuing operations and the Statement of Financial Activities includes all gains and losses recognised in the year. The comparative Statement of Financial Activities is on note 8 The notes on pages 69-85 form part of these financial statements.

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The Green Alliance Trust Balance sheet at 31 March 2025 (company number: 03037633)

2025 2025 2024 2024
Notes £ £ £ £
Fixed assets
Tangible fxed assets		 8 10,022 17,736
Current assets
Debtors andprepayments		 9 254,498 304,898
Cash at bank 2,250,338 1,935,782
2,504,836 2,240,680
Creditors:amounts falling
due within oneyear		 10 (289,145) (216,877)
Net current assets 2,215,691 2,023,803
Total assets less current
liabilities		 11 2,225,713 2,041,539
Charity funds
Restricted funds		 12 731,098 689,773
Unrestricted funds:
General		 12 944,102 606,952
Designated 12 550,513 744,814
2,225,713 2,041,539

The full financial statements were approved and authorised for issue by the trustees on 16 September 2025 and signed on their behalf by

……………………….…… …………………………………

Laura Sandys

Chair

Paul Lambert FCA

Treasurer

The notes on pages 69-85 form part of these financial statements

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The Green Alliance Trust Statement of cash flows

2025 2024
£ £
Cash fows from operating activities
Net cashprovided by operating activities		 259,643 448,475
Cash fows from investing activities
Interest income		 60,823 41,563
Purchase of equipment (5,910) (8,205)
Net cashprovided by investing activities 54,913 33,358
Changes in cash and cash equivalents in theperiod 314,556 481,833
Cash and cash equivalents at the beginningof the reporting period 1,935,782 1,453,949
Cash and cash equivalents at the end of the reporting period 2,250,338 1,935,782

Reconciliation of net income to net cash flow from operating activities

2025 2024
£ £
Net income 184,174 295,299
Add back depreciation charge 13,624 19,475
Interest income (60,823) (41,563)
Decrease in debtors 50,400 300,182
Increase/(decrease)in creditors 72,268 (124,918)
Net cashprovided by operating activities 259,643 448,475
Analysis of cash and cash equivalents
2025 2024
£ £
Cash at bank 2,250,338 1,935,782

No separate statement of movements in net debt has been prepared as there is no difference between the net cash and cash equivalents and the net debt of the charity.

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The Green Alliance Trust Notes to the financial statements

1. Accounting policies

Basis of preparation of financial statements

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

Legal status

The charity is a company limited by guarantee registered in England and Wales. The members of the company are the trustees named on page 92. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Preparation of the accounts on a going concern basis

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements and have paid particular attention to Green Alliance’s new strategy process and its ability to continue to raise funds for its work, and to respond to adverse circumstances in a dynamic manner.

The trustees of the charity have confidence in Green Alliance’s business model of closely aligning income and costs and have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.

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Income

Income is recognised in the year in which the charity is entitled to receipt, it is probable that the charity will receive the income and the amount can be measured with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor or funder has specified that the income is to be expended in a future accounting period. Income comprises of donations, subscriptions, bank interest and income from charitable activities.

Donations are included in full in the Statement of Financial Activities when there is entitlement, probability of receipt and the amount of income receivable can be measured reliably.

Subscriptions are accounted for on an accruals basis. Subscriptions relating to a later period are therefore carried forward to that period and treated as deferred income in the balance sheet.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity. This is normally upon notification of the interest paid of payable by the bank.

Income from charitable activities relates to grants and other income of a contractual nature. Grants are recognised when the charity has entitlement to the income, any performance conditions attached to the grants have been met, the amount of income receivable can be measured reliably and there is probability of receipt. Income of a contractual nature is recognised to the extent that it is probable that the economic benefits will flow to the charitable company and the revenue can be reliably measured. It is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.

Costs of raising funds comprise of direct costs relating to fundraising income and their associated support costs.

Expenditure on charitable activities includes the costs of all activities undertaken to further the purposes of the charity relating to the strategic vision and their associated support costs.

Allocation of support costs

Expenditure is allocated to the particular charitable activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, including the salary and overhead costs of the central function, is initially apportioned across governance, cost of fundraising, support and projects based upon staff time attributable to each activity. The resulting support costs are further allocated to charitable activities and fundraising in proportion to the amount of time costed to each charitable activity by the project teams.

Governance costs are those costs incurred in connection with enabling the charity to comply with external regulation, constitution and statutory requirements and in providing support to the trustees in the discharge of their statutory duties.

The charity is registered for VAT. In common with many other charities, The Green Alliance Trust’s expenses are inflated by the cost of irrecoverable VAT.

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Employee benefits

Short term benefits

Short term benefits including holiday pay are recognised as an expense in the period in which the service is received.

Employee termination benefits

Termination benefits are accounted for on an accrual basis and in line with FRS 102.

Pension scheme

The Green Alliance Trust operates a defined contribution pension scheme for the benefit of its employees. The pension scheme of the company is funded by contributions partly from the employees and partly from the company. The assets of the scheme are held independently from those of The Green Alliance Trust in an independently administered fund. The pensions costs charged in the financial statements represent the contributions payable during the year.

Operating leases

Rentals payable under operating leases are charged in the Statement of Financial Activities on a straight line basis over the life of the lease.

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 charity and which have not been designated for other purposes. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors that have been raised by the charity for particular purposes.

Tangible fixed assets and depreciation

All assets costing more than £400 are capitalised.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the

72

cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Furniture & fixtures: 25 per cent straight line (changed from 33.33 per cent in previous years as directors have decided this is a more realistic estimation of useful life).

Computer equipment: 33.33 per cent straight line (changed from 25 per cent in previous years as directors have decided this a more realistic estimation of useful life).

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value.

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.

Cash at bank and in hand

Cash at bank and cash 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.

Creditors and provisions

Creditors and provisions are recognised where the charity and group 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.

Statement of cash flows

The charity’s cash flow statement reflects the presentation requirements of FRS 102.

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2. Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management’s best knowledge of the amount, events or actions, actual results may ultimately differ from those estimates. The trustees consider the following items to be areas subject to estimation and judgement.

[allocating support costs across charitable activities.]

The external context in which we work continues to be turbulent with the war in Ukraine, the cost of living crisis and changes within government create a challenging environment in which our work is needed as much as ever. As set out in these accounting policies under “preparation of the accounts on a going concern basis”, the Trustees have considered the impact of these factors on the charity and have concluded that although there may be some negative consequences, it is appropriate for the charity to continue to prepare its accounts on the going concern basis.

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3. Donations

3.
Donations		 3.
Donations		 3.
Donations
Restricted
funds		 Unrestricted
funds		 2025
Total
funds

2024
Total funds
(unrestricted)
£ £ £ £
Grants forgeneralpurposes 15,000 400,000 415,000 385,000
Donations(Trusts and Individual s) - 39,405 39,405 64,805
Membershipsubscriptions - 23,756 23,756 25,196
Other income - 44,595 44,595 21,595
Total 15,000 507,756 522,756 496,596
4.
Analysis of expenditur		 e (current year):
Raising
funds		 Pliil otca
leadership		 Greening the
economy		 Low carbon
future		 Resources Natural
environment		 Governance
costs		 Support costs
Total 2025
£ £ £ £ £ £ £ £ £
Staf costs
(Note 7)		 174,697 529, 738 225,879 419,339 93,850 277,480 69,103 481,106 2,271,192
Charitable activities
Training,
recruitment,
other staf costs
8,125		 36, 782 9,979 27,692 9,305 16,895 2,134 28,803 139,715
Premises and
ofce costs		 10,321 35, 782 12,601 34,215 11,707 16,997 2,710 36,589 160,922
Technology
costs		 7,056 25, 175 8,635 23,391 8,004 11,620 1,853 25,011 110,745
Professional
fees		 5,446 299, 886 6,649 42,008 15,446 21,389 1,430 19,306 411,560
Administration
costs
11,473		 146, 865 27,642 63,415 36,081 39,400 3,013 40,671 368,560
Donations - 3,2 43 - 15,000 - - - - 18,243
Total 217,118 1,077, 471 291,385 625,060 174,393 383,781 80,243 631,486 3,480,937
Support costs 53,585 185, 789 65,428 177,648 60,785 88,251 - (631,486) -
Governance
costs		 6,809 23,6 08 8,314 22,574 7,724 11,214 (80,243) - -
Total
expenditure
2025		 277,512 1,286, 868 365,127 825,282 242,902 483,246 - - 3,480,937
Total
expenditure
2024		 203,761 1,082, 547 270,293 800,716 131,569 399,027 - - 2,887,913

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5. Analysis of expenditure (previous year):

5.
Analysis of expenditur		 5.
Analysis of expenditur		 5.
Analysis of expenditur		 e (previous year): e (previous year): e (previous year): e (previous year): e (previous year): e (previous year): e (previous year): e (previous year):
Raising funds
Political		 leadership Greening the
economy		 Low carbon
future		 Resources Natural
environment		 Governance
costs		 Support costs
Total 2024
£ £ £ £ £ £ £ £ £
Staf costs
(Note 7)		 139,331 560,7 62 181,789 476,224 48,565 248,124 65,630 362,567 2,082,992
Charitable activities
Training,
recruitment,
other staf costs
2,803		 21,0 89 3,919 13,564 2,782 6,530 848 8,208 59,743
Premises and
ofce costs		 10,544 51,8 20 13,038 43,968 10,123 22,550 3,189 30,857 180,089
Technology
costs		 2,614 16,2 49 3,233 12,003 2,510 5,795 791 7,651 50,846
Professional
fees		 5,910 148,0 93 7,560 43,443 9,776 13,723 1,788 17,300 247,593
Administration
costs
6,516		 97,3 46 16,172 61,175 23,198 25,197 1,972 19,074 250,650
Donations - 10,0 00 - - - - - - 10,000
Total 167,718 905,3 59 225,711 650,376 96,955 321,920 74,218 445,657 2,887,913
Support costs 30,897 151,8 94 38,217 128,876 29,673 66,100 - (445,657) -
Governance
costs		 5,146 25,2 94 6,365 21,463 4,942 11,008 (74,218) - -
Total
expenditure
2024		 203,761 1,082,5 47 270,293 800,716 131,569 399,027 - - 2,887,913
Support costs have been allocated
to each activity.		 based on the percentage of staf costs and overheads directly charged

Support costs have been allocated based on the percentage of staff costs and overheads directly charged to each activity.

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6. Net income

6.
Net income
2025 2024
£ £
This is stated after charging the following:
Depreciation of tangible fxed assets
owned bythe charity		 13,624 19,475
Auditors remuneration
as auditors
other services		 15,900
-		 19,000
-
Operating lease costs(property and equipment) 97,419 107,118

7. Staff costs and numbers

2025 2024
£ £
Wages and salaries 1,928,175 1,759,434
Social securitycosts 204,308 194,488
Pension costs 138,709 129,070
Total 2,271,192 2,082,992
2025
No.
2024
No.
The average head count of staf during the year was as follows:
Project staf		 27 29
Support staf 9 8
Governance 1 1
Fundraising 3 2
Total 40 40
The total full time equivalent 39 39

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7. Staff costs and numbers (continued)

The total number of employees earning in excess of £60,000 during the year were as follows:

2025
No
2024
No
Staf earningremuneration between £60,000 - £70,000 3 3
Staf earningremuneration between £70,001 - £80,000 3 1
Staf earningremuneration between £80,001 - £90,000 1 1
Staf earningremuneration between £100,001 - £110,000 - -
Staf earningremuneration between £110,001 - £120,000 - 1
Staf earningremuneration between £120,001 - £130,000 1 -

Employer pension contributions totalling £48,173 (2024: £37,348) were paid into a defined contribution scheme for the above higher earners.

Key management personnel comprise the senior management team. The total employment benefits including employer pension and national insurance contributions of the key management team were £536,257 (2024: £488,121).

During the year no trustees received remuneration or benefits in kind (2024 – none).

During the year, expenses of £323 were reimbursed to 3 trustees for travel and subsistence (2024: £128 - 1).

8. Tangible fixed assets

8.
Tangible fxed assets
Furniture and
fttings		 Computers and
IT equipment		 Total
£ £ £
Cost
At 1 April 2024		 19,374 79,320 98,694
Additions - 5,910 5,910
Disposals - - -
At 31 March 2025 19,374 85,230 104,604
Depreciation
At 1 April 2024 18,474 62,484 80,958
Charge for theyear 900 12,724 13,624
Disposals - - -
At 31 March 2025 19,374 75,208 94,582
Net book value
At 31 March 2025		 - 10,022 10,022
At 31 March 2024 900 16,836 17,736

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9. Debtors: due within one year

9.
Debtors: due within one year
Total funds
2025
Total funds
2024
£ £
Trade debtors 115,892 194,671
Prepayments and accrued income 80,406 71,665
Other debtors 58,200 38,562
Total 254,498 304,898

10. Creditors: amounts falling due in one year

10. Creditors: amounts falling due in one year
Total funds
2025
Total funds
2024
£ £
Trade creditors 42,381 30,266
Taxation and social security 59,164 53,137
VATpayable 26,457 26,943
Accruals 131,277 73,233
Deferred income(see note below) 2,625 17,458
Other creditors 27,241 15,840
Total 289,145 216,877

In 2025 deferred income relates to income received in the year specifically for the following year. In 2025, £17,458 was released to the Statement of Financial Activities and £2,625 was received in the year relating to membership fees for the following period.

79

11. Analysis of net assets between funds

Restricted
funds
2025
Unrestricted
funds
2025
Total funds
2025
Total funds
2024
£ £ £ £
Tangible Fixed Assets - 10,022 10,022 17,736
Net Current Assets 731,098 1,484,593 2,215,691 2,023,803
Total 731,098 1,494,615 2,225,713 2,041,539
Restricted
funds
2024
£

Unrestricted
funds
2024
£

Total funds
2024
£
Tangible Fixed Assets — 17,736 17,736
Net Current Assets 689,773 1,334,030 2,023,803
Total 689,773 1,351,766 2,041,539

12. Statement of funds

At 1 April
2024
Income		 Expenditure Transfers
in/(out)
31 March
2025
£ £ £ £ £
Restricted funds
Political leadership		 353,558 1,193,092 1,202,663 11 343,998
Greeningthe economy 27,272 299,011 304,226 (4,084) 17,973
Low carbon future 197,096 697,650 796,414 40,879 139,211
Resources - 63,000 66,413 - (3,413)
Natural environment 111,847 531,019 441,342 31,805 233,329
689,773 2,783,772 2,811,058 68,611 731,098
Unrestricted funds
General funds		 606,952 568,579 208,432 (416,586) 550,513
Designated funds
Propertyfund		 150,000 -
-		 - - 150,000
Systems Fund 80,000 - 69,078 - 10,922
Innovation Fund 400,000 - - 251,575 651,575
Resources Fund 114,814 207,828 176,489 (48,342) 97,811
Low carbon future - 65,000 28,868 (2,338) 33,794
Political leadership - 39,932 84,206 44,274 -
Natural environment - - 41,904 41,904 -
Greeningthe economy - - 60,902 60,902 -
1,351,766 881,339 669,879 (68,611) 1,494,615
Total funds 2,041,539 3,665,111 3,480,937 - 2,225,713

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At 1 April
2023
Income		 Expenditure Transfers
in/(out)
31 March
2024
£ £ £ £ £
Restricted funds
Political leadership		 306,557 1,090,595 1,044,100 506 353,558
Greeningthe economy 73,188 185,208 240,102 8,978 27,272
Low carbon future 344,570 633,019 783,923 3,430 197,096
Resources 45,649 — 45,707 58 —
Natural environment 208,094 244,128 340,337 (38) 111,847
978,058 2,152,950 2,454,169 12,934 689,773
Unrestricted funds
General funds 618,182 761,168 278,743 (493,655) 606,952
Designated Funds
Propertyfund		 150,000 - - - 150,000
Systems fund - - - 80,000 80,000
Innovation fund - - - 400,000 400,000
Resources fund - 269,094 155,001 721 114,814
768,182 1,030,262 433,744 (12,934) 1,351,766
Total funds 1,746,240 3,183,212 2,887,913 — 2,041,539

Funding received for specific projects is accounted for as restricted funds. Where the fund is overspent a transfer is made from general funds to cover the deficit. Green Alliance’s restricted funds were divided between themes of work with the following aims:

Political leadership: We aim to raise ambitions across the the political spectrum, to reverse detrimental human impacts on the environment at home and abroad, as a prerequisite to achieving a thriving UK society and economy.

Greening the economy: We demonstrate how green economy benefits can be maximised, particularly so they are experienced fairly across the country, to reinforce public support for ambitious climate and environmental action.

Low carbon future: We work to accelerate the renewal and rapid decarbonisation of the UK’s energy infrastructure and presenting policy solutions to make power more flexible.

Resources: We work to bring about a more resource efficient system, which keeps materials in productive use and avoids the environmental problems caused by waste.

Natural environment: We generate new thinking and build powerful new alliances to support nature’s recovery.

The balances on restricted funds as at 31 March arise from income received for specific projects on which some expenditure is still to be incurred.

There is £1,495k in our unrestricted reserves at 31 March 2025. £651k is held in our designated ‘impact and innovation fund’ to develop new ideas and conduct early research to increase our impact and attract future funding. In addition, £11k remains in our designated systems fund for further

81

development of our finance and project management systems. There is also £98k in a dedicated resources fund and £34k in a dedicated Low Carbon future fund relating to unspent unrestricted project funding carried over to 2025/26 and the £150k building fund is retained from the previous year in preparation for our office move in 2026.

13. Operating lease commitments

At 31 March the charity had the following future lease payments (excluding VAT), under non-cancellable operating leases:

operating leases:
Land and buildings
2025
2024
£ £
Expiry:
Under 1year		 105,840 98,288
Between 2 and 5years 74,970 54,877

The Trust has a leasehold agreement for premises which expires on 15 December 2026. There was a break clause to terminate the lease on 28 September 2025 which is not going to be exercised.

14. Related party transactions

Relatedparty Nature of
transaction		 Transaction
amount
2025
£
2024
**£ **		 Transaction
amount
2025
£
2024
**£ **

Further details and connection
CPRE Income 3,000 3,904 Funding provided for Impact 25(2024 Impact
2024)
Shaun Spiers is a member
Seahorse
Environmental
Communications		 Expenditure 10,800 8,000 Consultancy fee for Lib Dem Environmental
Caucus development Phase 2 and in 2024 for
the Cutting Carbon UK programme. Shaun
Spiers is a member of the advisory council and
Benet Northcote is a senior adviser
RSPB Income 23,800 15,400 Funding provided for Impact 2025/Impact
2024.
2,500 3,500 Funding contribution for green groups
receptions atpartyconferences
833 - Contribution to Caroline Lucas celebration
event on 11 June 2024

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Relatedparty Nature of
transaction		 Transaction
amount
2025
£
2024
**£ **		 Transaction
amount
2025
£
2024
**£ **

Further details and connection
RSPB
(continued)		 Income
(continued)		 - 250 Travel expense reimbursement
David Baldock is an advisory committee
member, Jane Reeves is a member of the
England Advisory Committee to the RSPB and
Martin Harper is Chief Executive of BirdLife
International which has various partners
includingRSPB
WWF UK Income 15,000 25,000 Funding for Impact 2025 and Impact 2024
- 10,000 Funding for Warm This Winter project
2,500 2,500 Funding for green groups receptions at party
conferences
833 - Contribution to Caroline Lucas celebration
event on 11 June 2024
Debtor 18,000 - Rita Clifton is a fellow and former trustee
The Wildlife
Trusts		 Income 10,250 - Funding provided for Impact 2024
2,500 2,500 Funding for green groups receptions at party
conferences. Craig Bennett is chief executive of
The Wildife Trusts
National Trust Income 17,500 64,250 Funding for Impact 2025 and Impact 2024
1,807 - Funding for Investing in Nature Panel event at
Liberal Democrat PartyConference 2024
- 10,331 Funding for Greener UK
2,500 6,500 Funding for green groups receptions at party
conferences
5,000 - Funding for Adaptation TaskForce
Debtor - 56,700 Shaun Spiers is a member
Pickwell
Foundation		 Income 12,000 9,000 Funding for Greening the Economy work
Close family members of Jenny Baker,
operations director, are trustees
Wessex Water Income 10,000 - Funding for Adaptation Task Force
Fiona Reynolds is non-executive director of
Wessex Water Services
Shaun Spiers is chair of the AdvisoryPanel
Labour Party Expenditure 650 - Listing in the conference guide
Shaun Spiers is a member.
ReLondon Income 3,000 1,383 Shaun Spiers’s board payment for advisory
services

83

Relatedparty Nature of
transaction		 Transaction
amount
2025
£
2024
**£ **		 Transaction
amount
2025
£
2024
**£ **

Further details and connection
National Grid Income 9,420 9,134 Stakeholder expenses - Roz Bullied
Roz Bulleid is a member of National Grid’s
Independent user group
Debtor 4,209 3,420
Creditor 5,700 -
Greenpeace Income 4,500 5,339 Funding provided for Impact 2025/Impact
2024
2,500 2,500 Funding provided for green groups’ receptions
– contribution topartyconferences
- 35,215 Funding for Great Blue Oceans
833 - Contribution to Caroline Lucas event on
11 June 2024
Debtor 5,400 - Jenny Baker and Dustin Benton are members.
SSE Income 10,000 1,800 Funding for Adaptation Task Force
Laura Sandys is an independent non-executive
director
Debtor - 1,800
Food Foundation Expenditure 11,700 - Rapid response briefng and engagement with
UK government
Laura Sandys is chair and founder

15. Share capital

The Green Alliance Trust is a company Limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up.

16. Taxation

The charitable company is exempt from corporation tax on its charitable activities.

17. Commitments

At 31 March 2025 there are no capital commitments (2024: £nil).

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18. Comparative statement of financial activities

2024
Restricted
funds

2024
Unrestricted
funds		 2024
Total
funds

2023
Total
funds
Notes £ £ £ £
Income from:
Donations and legacies		 3 - 496,596 496,596 384,395
Charitable activities
Political leadership		 1,090,595 109,291 1,199,886 849,727
Greeningthe economy 185,208 - 185,208 137,596
Low carbon future 633,019 41,529 674,548 1,064,266
Resources - 269,094 269,094 148,700
Natural environment 244,128 72,189 316,317 380,811
Investments - 41,563 41,563 7,883
Total income 2,152,950 1,030,262 3,183,212 2,973,378
Expenditure on:
Raising funds:
Fundraising		 4 - 203,761 203,761 174,657
Charitable activities
Political leadership		 4 1,044,100 38,447 1,082,547 809,062
Greeningthe economy 240,102 30,191 270,293 289,310
Low carbon future 783,923 16,793 800,716 1,141,819
Resources 45,707 85,862 131,569 160,821
Natural environment 340,336 58,691 399,027 279,962
Total expenditure 2,454,168 433,745 2,887,913 2,855,631
Net income and net
movement in funds		 6 (301,218) 596,517 295,299 117,747
Transfers between funds 12,933 (12,933) - -
Reconciliation of funds
Total funds brought forward		 978,058 768,182 1,746,240 1,628,493
Total funds carried forward 12 689,773 1,351,766 2,041,539 1,746,240

85

Funders

The Samworth Foundation “is proud to support Green Alliance’s work shaping the UK environmental agenda, which consistently delivers real impacts. Together, we are driving forward change to safeguard our natural world.”

Nathalie Walters, director, Samworth Foundation

£1,000-£5,000

£5,001-£10,000

Friends of the Earth Marine Conservation Society CPRE E3G

Friends of the Earth Aviva Central Services UK Ltd Marine Conservation SSE plc Society UK Power Networks CPRE Operations Ltd E3G Wessex Water The Nature Conservancy UK Zurich Insurance Company Limited Tinsley Charitable Trust National Grid Pernod Ricard Department for PricewaterhouseCoopers Environment, Food and Oceana UK Rural Affairs Chester Zoo Uplift (c/o Social Change Nest) Orsted Power (UK) Limited University of Oxford AECOM Greenpeace Ltd Northumbrian Water Foundation for Integrated SSE Transport Heineken UK Ltd £10,001-£20,000 Johnson Matthey The Canal and River Trust The Industry Council for Packaging and the Environment (INCPEN) The Waste and Resources Action Programme WWF-UK Kingfisher Plc BASF plc NPT Transatlantic The Tregoning Trust Pickwell Foundation Tilt Collective (via Windward Fund)

86

£20,000-£30,000 £75,001-£100,000 Woodland Trust Esmée Fairbairn Frederick Mulder Foundation Foundation Samworth Foundation The Cooperative Group Energy Transition Fund (via RSPB Rockefeller Philanthropy Advisors) National Trust Sunrise Project Associated British Ports Wildlife Trusts £100,001-£150,000 £30,000-£40,000 Network for Social Change Lund Trust John Ellerman Foundation Schroder Foundation £150,001-£200,000 Air Products PLC Humane America Global Methane Hub (via the Windward Fund) Zero Waste Scotland Partners for a New Economy SUEZ Recycling & Recovery (via the Swiss Philanthropy UK Foundation) OVO Energy Ltd £200,001-£250,000 £40,001-£50,000 Changing Markets Wellcome Trust Ltd Foundation Waterloo Foundation Trainline.com Ltd £250,001 to £300,000 Children’s Investment £50,001-£75,000 Fund Foundation (via the European Climate All Party Parliamentary Foundation)

All Party Parliamentary Group on the Environment Virgin Media Time After Time Fund

£300,001-£350,000

For details about supporting Montpelier Foundation Green Alliance as a funder, partner or member, please £650,001 to £700,000 contact: Charlotte McMenamin-Walshe European Climate cmcmenamin-walshe@greenFoundation alliance.org.uk

87

Partnerships and alliances

Business circle

Our Business Circle is a forum for companies demonstrating environmental leadership as a business priority.

Impact 2025

With this collaboration we are bringing together the UK’s largest environmental charities on a regular basis until January 2026 to develop strategies for greater collective political impact.

88

Circular Economy Task Force

This longstanding influential business consortium has pioneered new approaches to resources policy since 2012 and convenes stakeholders from government, civil society and industry to develop and test circular economy ideas. The current chair is Colin Church, chief executive of IOM3 who joined the Green Alliance board in September 2025.

Adaptation Taskforce

Our Adaptation Task Force brings together leading businesses to increase ambition on climate adaptation policy and promote integrated solutions to improve UK climate resilience. This is initiative was launched in 2024.

Warm This Winter

Warm This Winter was part of Green Alliance’s broader cross sector convening work around the UK energy system and cost of living crisis, from 2022 until early 2025. Green Alliance, Uplift and the End Fuel Poverty Coalition were the secretariat behind the campaign and these were the organisations involved.

Strategic partnerships

The Conduit is a members’ club bringing people together who are passionate about creating solutions to the world’s greatest challenges. Green Alliance works with The Conduit on its convening

work to engage in learning, build meaningful connections and break silos, to more effectively tackle the environmental and social problems of the 21st century.

We work with Mobius to catalyse support for dietary change.

89

Members

Thanks to our individual members who include environmental, business and government experts active in our network, and those in other spheres who support our work.

This list of members was correct at September 2025.

John Adams Syed Ahmed Victor Anderson Frederick Appleton Tim Ash Vie Anne Ashe John Ashton Dr Robert Atkinson Alison Barnes Phil Barton Toby Belsom Terence Bendixson David Bent Duncan Brack Tim Branton Tom Burke CBE

Richard Burnett-Hall Kate Burningham Sarah Burton Tony Burton Danielle Byrne Alison Cairns Lord Cameron of Dillington Mark Campanale Rachel Cary Giles Chitty Ian Christie Chris Church Eddington Clark Roger Clarke Rob Cooke

Tim Cordy Martin Couchman OBE

Paul Court Kate Davies Hannah Dick Philip Douglas Julie Doyle Stephanie Draper Jane Durney Jack Easton Paul Ekins Sara Eppel Louise Every Richard Eyre Bill Eyres Malcolm Fergusson Tim Foxon Justin French-Brooks William Gillis Matthew Gorman Dr Tony Grayling Prof Michael Grubb Nigel Haigh OBE Sally Hamwee Sir Peter Harrop Dr Paul Hatchwell Dirk Hazell Barbara Herridge Joan Herrmann Hannah Hislop Paula Hollings Stuart Housden Rupert Howes

Robert Hull

Merlin Hyman Michael Jacobs Prof Nicholas Jenkins Stanley Johnson Claire Jones Prof Andrew Jordan Angela King Jean Lambert Paul Lambert Lucinda Langton Dr Paul Leinster OBE Simon Lyster Ian MacArthur Eleanor Mackay Dr Tom Macmillan Mark Mansley Ed Mayo Robert McCracken KC Duncan McLaren Graham McMillan Paul MeinsCharles Millar Catherine Mitchell Peter Mitchell Prof John Murlis Dr Elizabeth Ness Dinah Nichols Adam Ognall Tom Oliver Prof Timothy O’Riordan Derek Osborn CBE Sara Parkin

90

Dr Doug Parr

Anthony Paterson Nick Perks Craig Peters Adrian Phillips CBE Hazel Phillips Ben Plowden Anita Pollack John Pontin Dr Andrew Purkis OBE Denis Pym Dr Kate Rawles Dame Fiona Reynolds DBE

David Richards Sue Riddlestone Michael Roberts Nick Robins Neil Rotheroe Phil Rothwell Prof Stephen Salter Jenny Saunders Paul Scott Juhi Shareef Yasmin Shariff Ben Shaw Dr William Sheate Richard Shennan Gareth Simkins Jonathan SinclairWatson Neil Sinden Rita Singh James Skinner Stephen Somerville Naomi Southwell Shaun Spiers Martin Spray Adrian Spurrell Ben Stafford

Ralph Steadman Hywel Lloyd Clym Tomas Jiggy Lloyd Stephenson Hien Luong Neil Stockley Peter Madden Martin Stott Prof Nick Pidgeon Daisy Streatfeild Sir Jonathon Porritt Tracy Sutton CBE David Symons Julian Rose Joss Tantram FRSA Philip Sellwood Dr Richard Tapper Stephen Shindler Clare Taylor Samantha Simic Derek Taylor Prof Jim Skea William Thicknes Jane Thornback Gillian Thomas Paul Vanston Guy Thompson Dr Emma Woolliams Dr Bruce Tofield Mike Tregent Life members Richard Usher David Andrew Jane Vaus Kate Ashbrook Andrew Warren Alison Austin OBE Dr Steve Waygood The Rt Hon the Lord Anne Weir Barker of Battle Alan Wheeler Richard Barnes Dr Rowan Whimster Dr Robert Barrington Sheena Will Katherine and Ben Prof James Wilsdon Bell Nicholas Wilson Dr Robin Bidwell CBE

David Andrew Kate Ashbrook Alison Austin OBE The Rt Hon the Lord Barker of Battle Richard Barnes Dr Robert Barrington Katherine and Ben Bell

Dr Robin Bidwell CBE Bernie Bulkin James Cameron Rodney Chase CBE Ian Christie Greg Conary Andrea Cook OBE Heather Currey Cathy Debenham Dr Nick Eyre Zac Goldsmith Rory Gordon Matt Gosden David Green OBE

Sir Graham Wynne CBE

Baroness Young of Old Scone Dimitri Zenghelis

Donor members

Rosemary Boot Anthony Bourne DA Brooks Tony Evans Stephen Farrant Ian Hawking

Emma Howard Boyd Aleksander Hughes Paul Jefferiss Claire Jones

Baroness Brown of Cambridge DBE Colin Le Duc Thomas Lingard Patrick Mahon Michael Massey John Midgley David Nussbaum Alice Page Jamie Plotnek MT Rainey Matthew Rhodes Chris Rose Laura Sandys Penny Shepherd Lord Thomas Of Gresford Dr Tom Tibbits John Webb Philip Wolfe MBE

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Staff and board

Staff

(at September 2025)

Senior management team

Shaun Spiers OBE Executive director

Jenny Baker Operations director

Holly Brazier Tope Deputy director of politics (interim)

Roz Bulleid Research director

Blanche Shackleton Deputy executive director

Chris Venables Director of politics and partnerships (on sabbatical to November 2025)

Sarah Williams Deputy director of strategic partnerships (interim)

Policy and politics team

Ruth Chambers OBE Senior fellow

Libby Peake Senior fellow and head of resource policy

Lydia Collas Head of natural environment

Steve Coulter Head of economy

Nick Davies Head of climate policy

Liam Hardy Head of research (job share)

Heather Plumpton Head of research (job share)

Cath Smith Head of social impact

Johann Beckford Senior policy adviser

Stuart Dossett Senior policy adviser

Sophie O’Connell Senior policy adviser

Lucy Pegg Senior political adviser

Annabel Rice Senior political adviser

Emily Carr Policy adviser

Charles Long Political adviser

Apaar Mangat Political adviser

Nadia Sabania Political adviser

Amira Jamal Policy analyst

Matilda Dunn Policy analyst

Communications team

Karen Crane Head of communications

Siri McDonnell Events and engagement manager

Tom Jeffery Senior press officer

Alice Stafford Communications officer

Chris Clark Communications officer

Holly Nordstrom Events assistant

Operations team

Kim Rennie Head of finance

Claire Somerville Head of programmes and people

Fabiana Ottini Office manager and PA to the executive director

Charlotte McMenaminWalshe Senior partnerships officer

Iruka Egenti HR officer

Laura Godfrey Finance officer

Trainees

Sara Bellar Policy trainee

Alyssa Hua Operations trainee

Partha Mulay Policy trainee

Board

Laura Sandys CBE Chair

Paul Lambert FCA Hon Treasurer

Alison Austin OBE (to September 2024)

David Baldock (to September 2025)

Craig Bennett

Colin Church (from September 2025)

Rita Clifton CBE

Martin Harper (from September 2024)

Benet Northcote

Saima Rasool (from September 2024)

Jane Reeves

Dame Fiona Reynolds DBE (to September 2024)

Anusha Shah

Lamé Verre (from September 2024) Dhara Vyas

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Company registered number 03037633

Charity registered number 1045395

Registered Office

Green Alliance, 18th Floor, Millbank Tower, 21-24 Millbank, London, SW1P 4QP

Secretary Jenny Baker, operations director Auditors Sayer Vincent LLP Chartered Accountants and Statutory Auditor, 110 Golden Lane, London,EC1Y 0TG

Bankers

Unity Trust Bank plc, Nine Brindley Place, Birmingham, B1 2HB

Solicitors

Bates Wells, 10 Queen Street Place, London, EC4R 1BE

The charity and company The Green Alliance Trust operates under the working name Green Alliance.

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Green Alliance 18th Floor Millbank Tower 21-24 Millbank London SW1P 4QP 020 7233 7433 ga@green-alliance.org.uk www.green-alliance.org.uk @GreenAllianceUK blog: www.greenallianceblog.org.uk