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2023-12-31-accounts

Environmental Investigation Agency UK Annual Report and Accounts 2023

CONTENTS

~~Welcome~~ ~~3~~
~~About us~~ ~~4~~
~~2024-26 objectives~~ ~~6~~
~~Key highlights~~ ~~8~~
~~2023 achievements and performance~~
~~Climate~~ ~~14~~
~~Forests~~ ~~16~~
~~Ocean~~ ~~18~~
~~Wildlife~~ ~~20~~
~~Fundraising~~ ~~28~~
~~Thank you~~ ~~31~~
~~Trustees’ report~~
~~Structure, governance and management~~ ~~32~~
~~Financial review~~ ~~32~~
~~Statement of responsibilities~~ ~~37~~
~~Independent auditors’ report~~ ~~38~~
~~Statement of fnancial activities~~ ~~41~~
~~Balance sheet~~ ~~42~~
~~Statement of cash fows~~
~~Notes to fnancial statements~~		 ~~43~~
~~44~~

TRUSTEES

James Arrandale Pesh Framjee Jennifer Lonsdale (resigned 24 August 2023)

Mannat Malhi Alice Railton Amelia Roberts (appointed 28 March 2024) Keith Roberts (appointed 28 March 2024) John Stephenson Kit Stoner Allan Thornton (resigned 24 August 2023) Paul Townley

BANKERS

The Cooperative Bank Olympic House 6 Olympic Court Montford Street, Salford M5 2QP

Barclays Bank 193 Camden High Street London NW1 7PJ

AUDITORS

Moore Kingston Smith 9 Appold Street London EC2A 2AP

REGISTERED OFFICE

Environmental Investigation Agency UK 62-63 Upper Street London N1 0NY

REGISTERED NUMBER

UK Charity Number 1182208 Company Number: 07752350 Registered in England and Wales

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Environmental Investigation Agency UK

Welcome

As EIA prepares to celebrate 40 years at the forefront of tackling environmental crime and abuse in September 2024, we continue to grow from strength to strength.

From modest origins when our three founders started EIA in a small sitting room in north London, we’ve grown considerably. We are still based in north London, but now have more than 70 staff and are growing both in numbers and reach.

As documented in the pages of this report, 2023 was another good year for success and progress to achieving systemic change in some of the key challenges facing the planet.

Some of the highlights include: exposing the use of threatened species in traditional Chinese medicine; investigating the South-East Asian tiger trade; working to strengthen legislation and responses to tackling the illegal wildlife trade from Nigeria to Vietnam; naming US businesses breaking international sanctions to import blood teak from Myanmar; joining the global campaign to push for a Fossil Fuel Treaty; releasing a series of reports on the polluting plastics used in growing food for the UK; and working with partners to secure a Global Plastics Treaty.

We also continued to build our Crime Tracker, a tool providing open access to data on illegal wildlife and timber seizures, by launching the new Prosecutions dashboard which captures data on reported prosecution outcomes.

The Trustees are pleased to present the EIA UK 2023 Annual Report.

This report demonstrates a range of important successes across a wide spectrum of environmental issues. As ever, we are so grateful for the hard work and effectiveness of our extraordinary staff. They should be immensely proud of their achievements.

Nothing that the Environmental Investigation Agency achieves would be possible without the continuing generosity, help and encouragement that we receive from our donors, volunteers and supporters. This support is not taken for granted and we hope that you are encouraged to see that your contributions translate into real and meaningful impact on so many of the issues that threaten our environment.

In 2024, EIA will be celebrating its 40th anniversary – 40 years of exposing environmental crime and abuse, 40 years of campaigning and 40 years of contributing towards a greater understanding of the importance of protecting our environment.

At EIA, we will be taking a moment to recognise the contributions that so many people have made towards our work over the past four decades, but we will also be looking forward and making plans to continue, with your help, to do what we can to combat environmental crime for the next 40 years.

John Stephenson Chair of the Board of Trustees

As ever, the work we do and continue to develop would not be possible without all our funders, donors, supporters and volunteers. You are the wind in our sails and are integral to all our successes.

My heartfelt thanks to you all and as we face the new challenges of the next 40 years — I hope you will stay with us on the journey.

Mary Rice Executive Director

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2023 ANNUAL REPORT AND ACCOUNTS

About us

~~We investigate and campaign against environmental crime and abuse. We investigate and campaign against environmental crime and abuse. Our undercover investigations expose transnational wildlife crime, with a focus on elephants, pangolins and Asian big cats, and forest crimes such as illegal logging and deforestation for cash crops such as palm oil. We work to safeguard global marine ecosystems by addressing the threats posed by plastic pollution, bycatch and commercial exploitation of whales, dolphins and porpoises. Finally, we work to avert climate catastrophe by strengthening and enforcing regional and international agreements that tackle short-lived climate superpollutants, including ozone-depleting substances, hydrofuorocarbons and methane, and advocating corporate and policy measures to promote transition to a sustainable cooling sector and away from fossil fuels.~~

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Environmental Investigation Agency UK

Vision, mission and values

What we believe (vision)

A future where humanity respects, protects and celebrates the natural world for the benefit of all.

What we want (mission)

EIA’s mission is to protect the natural world by:

Objectives and public benefit

The objectives of our organisation, as set out in the objects contained in the Memorandum and Articles of Associate, are:

Who we are (values)

Professionalism: we are honest, authoritative and transparent, striving to achieve the best outcome for the benefit of all. We will continually seek to improve, giving value for money in everything we do.

Enthusiasm and innovation: we are passionate about our vision, looking for ground-breaking solutions, being adaptable and creative. Our activities are informed by independence, clarity of thought and direction to achieve our goals.

Courage and determination: we don’t underestimate the difficulties involved; we may take risks but they are managed, intelligent risks. We may be a small group but we are tenacious and will not give up because a situation is difficult

Inclusive and supportive: we know if we achieve success then it is with the support and help of many people. We therefore celebrate and embrace the differences and potential of everyone. We seek to share our knowledge and skills and make them easily accessible and relevant.

The objects are fulfilled by effective delivery of EIA UK’s robust campaigns and public outreach.

The Trustees had due regard to the Charity Commission’s guidance on public benefit when planning the charity’s activities. The charity provides governments, regulatory bodies and enforcement authorities with reliable, substantive, authoritative and wellresearched information on practices which are, or are likely to be, harmful to the natural environment.

EIA UK provides intelligence as to the necessary means to prevent or reduce harm to the environment and to the people and creatures which rely on it. Its reports also provide information on illegal activities such as money laundering and so help the authorities in the UK and overseas to prevent or reduce crimes.

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2023 ANNUAL REPORT AND ACCOUNTS

2024-26 objectives

~~Climate~~

EIA’s Climate programme aims to keep global warming below 1.5°C and meet the climate challenge through 1 rapid, sustained reductions of emissions of all the major greenhouse gases.

We aim to strengthen the Montreal Protocol to deliver accelerated implementation of the hydrofluorocarbon (HFC) phase-down under the Kigali Amendment and to 2 address ongoing significant emissions of ozone-depleting substances (ODS), including emissions of nitrous oxide, from fluorochemical production and other industrial processes.

To address methane emissions, EIA is campaigning for effective implementation of the new EU Methane Regulation on emissions reduction in the energy sector, while advocating a dedicated global governance 3 framework for the Global Methane Pledge, which aims to reduce global methane emissions by at least 30 per cent from 2020 levels by 2030.

We will also campaign for an end to the expansion of new fossil fuel production and to phase out existing fossil fuel production, coupled with a 4 rapid roll-out of renewable energy, engaging with key countries to secure state champions in support of a global fossil fuel treaty.

~~Forests~~

We will seek to generate knowledge on the dynamics of trade in illicit timber and deforestationrisk commodities and 1 share with businesses, the financial sector, decision-makers and law enforcement agencies across the supply chain.

Strengthening regulatory, legal and policy processes to improve the traceability, legality 2 and sustainability of the production and trade of forest risk commodities.

Supporting the meaningful inclusion of forest-dependent peoples and civil society organisations in the reform of 3 policies and regulatory frameworks and in their capacity to monitor and enforce existing laws and policies.

~~Ocean~~

EIA will continue our longstanding work

to protect whales, dolphins and porpoises (collectively known as cetaceans) and the ocean ecosystems that sustain them while maintaining and strengthening 1 existing protections under the International Whaling Commission (IWC). We are defending the moratorium

on commercial whaling and supporting efforts to propose and adopt a South Atlantic whale sanctuary.

We will campaign to prevent bycatch of the world’s most threatened cetacean populations. In addition to continuing to investigate the impact 2 of illegal gillnet fishing and bycatch of critically endangered vaquitas, our bycatch work will include efforts to protect other endangered and threatened cetacean populations.

We will continue work to establish a comprehensive Global Plastics Treaty to deal with the lifecycle impacts 3 of plastics, aiming to secure its broad adoption and effective implementation in 2025.

EIA will continue to strengthen international governance on plastic waste trade and its environmentally sound disposal, including 4 by exposing illegal plastic waste practices and highlighting harmful practices that exploit existing governance loopholes.

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Environmental Investigation Agency UK

~~Wildlife~~

Elephants: We have identified two specific objectives for 202426. The first and main objective is to investigate and reduce the commercial trade in elephant 1 parts and derivatives and the second is to research, reduce and prevent key elephant habitat loss and fragmentation.

Elephants: To achieve the first objective, we will focus on efforts to reduce the illegal, transnational trade in elephant ivory by providing relevant law enforcement agencies

and other key stakeholders with intelligence generated from EIA’s targeted investigations in African and Asian countries, to disrupt and deter transnational criminal networks and to promote criminal justice. In 2024, EIA will 2 conduct initial research into the trade in non-ivory elephant parts and derivatives, including Asian elephants. EIA will continue to examine the expansion of traditional Chinese medicine (TCM) in Africa and its impact on African biodiversity, with target countries identified for preliminary scoping.

Elephants: Maintaining domestic and international ivory bans and advocating for the closure of domestic ivory markets in remaining countries of concern are also key activities. EIA will continue to ensure that international frameworks and national laws including through participation in and policies are strengthened, 3 the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) processes, urging key governments and decision-makers to close existing domestic markets and address regulatory loopholes.

Elephants: We will continue to raise awareness of the threats posed to key elephant populations by the hydropower dam in the Selous Game Reserve. This will include lobbying investors in the project to promote 4 sustainable financing. Looking beyond 2024, we will continue to monitor and identify additional unsustainable infrastructure projects in key elephant habitats

Asian big cats: Focusing on China, Laos and Thailand, we

will continue to campaign for stronger legislation, including to clearly prohibit all commercial trade in Asian big cats, (including in captive-bred 5 tigers) and to ensure sufficient enforcement powers to address poaching, trade, disposal of confiscated specimens and the phasing out of tiger farms.

Asian big cats: Drawing on information from EIA and partner field research to date, we will continue to provide law enforcement agencies, relevant 6 intergovernmental organisations (IGOs) and the private sector with information to support their own operations and projects to disrupt Asian big cat trade.

Asian big cats: With new funding, we will strengthen civil society expertise to combat illegal wildlife trade in Indonesia and Nepal and 7 support the research and development of knowledge and tools to counter trafficking from south Asia to China.

Asian big cats: In collaboration with Go Insight, we will develop a standalone big cat data centre called CatByte, which will collate information on crimes against jaguars, lions, tigers, leopards, snow leopards, clouded leopards 8 and cheetahs. Added to this will be contextual information on enforcement and policy interventions, prices, corruption and information on consumer preferences and demographics.

Pangolins: We will develop campaigning efforts targeting China, with the specific objective of securing revisions 9 in Chinese law that ensure the country is in line with the latest CITES resolutions

Pangolins: Significantly building pressure on the financial sector for it to better identify, analyse and act on risks around investing in traditional Chinese medicine 10 (TCM) companies that use pangolin and other threatened species in their products.

.Pangolins: We will seek to catalyse further EIA engagement in Malaysia to support efforts for that country to better target its current wildlife trafficking problems.

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Pangolins: We will use the CITES process as a tool for increasing pressure on our priority

countries (and others deemed as important in the China-TCM trade chain, identified over the course of this strategy period).

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Securing Criminal Justice (SCJ) project: We will work to increase the likelihood of apprehension of mid- to high-level wildlife traffickers operating in West and Central Africa

SCJ: We will seek to improve the effectiveness of criminal justice processes, including quality of 14 evidence, improved legislation and effective prosecutions SCJ: Increasing deterrents to prevent wildlife crime by working to ensure 15

SCJ: Increasing deterrents to prevent wildlife crime by working to ensure 15 commensurate penalties and better use of Proceeds of Crime legislation

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2023 ANNUAL REPORT AND ACCOUNTS

Key highlights of 2023

~~2023 was another busy year as we investigated and campaigned against environmental crime and abuse. Key highlights included:~~

CLIMATE

In 2023, EIA led coordination of Europe’s civil society on the revision of the EU F-Gas Regulation, which reached political agreement in October 2023. The Regulation has been significantly strengthened and will implement a complete phaseout, the world’s first, of HFC climate super-pollutants by 2050. The revised regulation supports decarbonisation goals and drives innovation and green investment across a wide range of sectors, including heat pumps, the cold chain and healthcare. Importantly, the Regulation now opens up the opportunity for further measures to reduce HFC use at a global level. EIA was also instrumental in the development of a new EU

Methane Regulation, the first European legislative text aiming to tackle this climate superpollutant which is responsible for about one-third of global warming observed to date.

At the international level, good progress was made at the Montreal Protocol through the adoption of an almost onebillion-dollar replenishment of its financial mechanism, the Multilateral Fund. The Protocol also held a workshop on strengthening the Montreal Protocol which, alongside a number of decisions requesting new scientific and technical data on ODS and other greenhouse gas emissions related to the fluorochemical industry, establishes the groundwork for strengthening the ozone treaty over time to secure significant climate mitigation in the future. The UN Climate Change Conference in December, CoP28, also witnessed a number of highlights, including the announcement of more than $1 billion in new grant funding for methane action, the launch of the Global Cooling Pledge and unprecedented support for a shift away from fossil fuels.

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FORESTS

The European Union brought into force the Regulation on Deforestation-Free Products in June 2023 and we have been working hard to ensure all member states are ready for implementation at the end of 2024. It is essential that all member states ensure resources are in place and that partnerships with countries producing the commodities under this law are addressed.

The law has been put in place to ensure that palm oil, cattle, soy, coffee, cocoa, timber and rubber placed on the EU market are legal and deforestation- and degradation-free.

EIA published an updated version of report Acts of Defiance, titled Acts of Defiance II: US companies break sanctions to import teak from Myanmar. We continued to highlight the continued illegal trade of teak being imported into the US by teak trading companies after the implementation of sanctions and called for enforcement actions against these traders to ensure the full implementation. Further, using images and videos obtained from the ground, EIA published an updated video on the EIA website documenting teak trafficking into China.

In the UK criminal courts, there is an upcoming criminal case for illegal imports of teak into the country by a UK company. The charges brought against the defendant company relate to failures to conduct proper due diligence under the UK Timber Regulation (UKTR). To EIA’s knowledge, this is first criminal case for teak imports brought into the UK pursuant to the UKTR. EIA first sent alerts to the UK Competent Authority in relation to the defendant in 2018.

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2023 ANNUAL REPORT AND ACCOUNTS

Key highlights (cont’d)

OCEAN

EIA highlighted the indefensible hunting of fin whales, the second largest animal on the planet, by Iceland’s last whaler, Kristjan Loftsson, in the face of serious climate, economic welfare and biodiversity concerns. The five-year fin whale quota is up for renewal and the Icelandic Government is currently considering a whaling ban. EIA took part in the consultation process.

Our research revealed that more than 100,000 small cetaceans have been slaughtered in poorly regulated hunts off Greenland

during the past three decades. The results of our work were presented to the IWC Scientific Committee and resulted in intersessional activities to review progress made on this issue.

EIA has continued to be an active observer in the Global Plastics Treaty negotiations, lending its voice to calls to reduce plastic production globally and provide funding to ensure all countries are successful in implementing an ambitious treaty.

We helped to reduce international plastic waste trade and strengthen governance surrounding its end-of-life treatment, first by playing an instrumental role in securing a robust revision to the EU Waste Shipment Regulation and, second, by helping assure the exclusion of chemical recycling in the Technical Guidelines on the Environmentally Sound Management of Plastic Waste adopted by the Basel Convention.

EIA published new research on plastic use in agriculture and fishing across UK supply chains, revealing the extent of environmental and human health harm in addition to the lack of industry and regulatory support driving mismanagement.

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Environmental Investigation Agency UK

WILDLIFE (ASIAN BIG CATS)

EIA’s research, analysis, reports and campaigning resulted in mounting pressure on Laos with the adoption of trade suspensions under the Convention on International Trade in Endangered Species (CITES) and the risk of ending up on the Financial Action Task Force blacklist. Laos must now drastically improve legislation, phase out tiger farms and demonstrate effective enforcement and cooperation to counter wildlife crime and disrupt transnational organised criminal networks.

In partnership with Education for Nature Vietnam and Wildlife Friends Foundation Thailand, regional networks profiting from keeping, breeding, killing and trafficking farmed tigers across South-East Asia and processing their body parts have been profiled, mapped and shared with relevant government and intergovernmental agencies. The convergence in the trade chain with wild tigers, other Asian big cats and African lions has also been documented.

EIA secured widespread coverage of our new report Investing in Extinction, raising global awareness of China’s legal domestic market for 88 products

stated to contain leopard bone, pangolin scales and, in a few cases, tiger bone and rhino horn. The new research and analysis also revealed that 62 international banks and financial institutions have invested in three major Chinese pharmaceutical groups which manufacture nine of the products stated to contain leopard and/or pangolin. Investors included household names such as AXA SA, BlackRock Inc, Vanguard, Citigroup Inc, Deutsche Bank, HSBC, Legal & General, the Royal Bank of Canada and UBS AG, some of whom are also members of the United for Wildlife Financial Task Force.

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Key highlights (cont’d)

WILDLIFE (PANGOLINS) During 2023, the Pangolins Programme delivered a range of successes.

We hosted a side event at CITES SC77 to present the findings of Investing in Extinction, which was attended by about 80 people from Parties, governments and NGOs, during which we fielded questions from the Chinese delegation.

The certification of China by the US Department of the Interior followed a petition under the Pelly Amendment submitted in 2020 by EIA and the Center for Biological Diversity. President Joe Biden subsequently gave China until 31 December 2023 to make significant commitments towards the protection of pangolins and failure to do so may result in trade sanctions.

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Environmental Investigation Agency UK

WILDLIFE (ELEPHANTS)

In 2023, EIA conducted outreach trips to key countries and regions, including Vietnam, South Africa, Zambia, Nigeria, Cameroon and the Republic of Congo. These strengthened relationships with government authorities, law enforcement agencies, local civil society organisations and intergovernmental agencies and we identified new partners for innovative regional cooperation. Consequently, EIA and partners have improved ability to deter, disrupt and dismantle ivory and wildlife trafficking networks along source, transit and destination countries.

A key success was the outcome of the September 2023 outreach trip to Vietnam, which sought to promote inter-governmental collaboration and communication to bolster responses to ivory trafficking from West and Central Africa to Vietnam as a lack of intelligence exchange between Vietnamese law enforcement agencies and their African counterparts hinders efforts to tackle issues more effectively. At the 77th CITES Standing Committee (SC77), EIA held multiple meetings with both the Vietnamese and Nigerian

CITES management authorities to encourage the signing of a Memorandum of Understanding (MoU) on cooperation to tackle wildlife and timber trafficking between the two countries. The official signing event is expected to be held in 2024. EIA will continue to encourage close and effective communication between the delegations as, once signed, the MoU will be an important mechanism for increased bilateral law enforcement cooperation.

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2023 ANNUAL REPORT AND ACCOUNTS

Climate

~~EIA’s Climate Campaign seeks to avert climate catastrophe by strengthening and enforcing regional and international agreements that tackle climate super-pollutants, including ozone-depleting substances (ODS), hydrofuorocarbons (HFCs) and methane and advocating corporate and policy measures to promote the transition to a sustainable cooling sector.~~

In 2023, EIA campaigners attended and presented at numerous government and industry meetings and events, including the ninth international symposium on non-CO2 greenhouse gases (Amsterdam, June), the Montreal Protocol regional network for Europe and Central Asia (ECA) (Macedonia, April), the joint ECA and West Asia regional network meeting (Jordan, September), the 20th European Conference (Milan, June), the ATMOsphere Europe Summit (Brussels, September) and the 54th International HVAC&R Congress (Serbia, December).

In July, the team attended the 45th Open-Ended Working Group (OEWG) meeting of the Montreal Protocol and participated in a Workshop on Strengthening the Montreal Protocol, drawing attention to the challenges in implementing the HFC phase-down under the Kigali Amendment and the need to strengthen the compliance framework under the Protocol.

EIA highlighted the long history of illegal trade in

the new report Crime and Crime Again.

At the Meeting of the Parties (MoP35) in October, progress was made on a number of EIA priorities and recommendations, which were shared with governments through a new briefing: Meeting the Moment: Securing the Montreal Protocol’s Legacy in this Decisive Decade for Climate Action. Governments agreed to the highest-ever replenishment of the Multilateral Fund to the Montreal Protocol – almost $1 billion – which puts the Protocol in a good position to strengthen efforts over the coming years to secure additional climate benefits. Important decisions were adopted on illegal trade, feedstocks and energy efficiency, while a proposal to adjust and weaken the Kigali Amendment was rejected.

Throughout the year, EIA worked closely on two major pieces of EU legislation – a new Regulation on Methane Emissions and a review of the EU F-Gas Regulation – which both reached political agreement by the end of the year. The

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revised F-Gas Regulation has been significantly strengthened and will implement a complete phase-out, the world’s first, of HFC climate super pollutants by 2050. The new EU Methane Regulation will require the fossil fuel sector to reduce EU emissions of methane through a package of monitoring and mitigation measures and, in the future, across the supply chain.

In September, we launched a new strand of our Climate Campaign, joining a global movement calling for a Fossil Fuel Treaty. The aim of the Treaty is to end new fossil fuel production and to phase out existing fossil fuel production while advocating a just transition for all countries. Drawing on our experience working on other global environmental treaties, we shared our expertise at various venues, including during New York Climate Week.

In December, we attended the United Nations Climate Change Conference CoP28 in Dubai, which saw the launch of the Global Cooling Pledge and, at long last, an acknowledgement by all governments of the need to shift away from fossil fuels, the primary driver of climate change.

EIA was one of 16 partners to raise the issue of cooling to CoP28 through a dedicated pavilion at the venue, in partnership with the Montreal Protocol’s Ozone Secretariat. We hosted and participated in multiple side events on sustainable cooling and methane and distributed briefings with recommendations on next steps to reduce emissions of each greenhouse gas.

Looking ahead

• In 2024, our Climate team will continue action on all greenhouse gases, working in partnership with civil society across the EU to campaign for swift implementation of the EU F-Gas Regulation and EU Methane Regulation and strengthening global initiatives such as the Global Methane Pledge, the Global Cooling Pledge and the call for a Fossil Fuel Treaty.

• We will continue to investigate and expose the illegal trade in refrigerant gases controlled by the Montreal Protocol and to campaign for strengthened processes, institutions and agreements under the Protocol to accelerate the global HFC phase-down, tackle emissions of ODS and other greenhouse gases from fluorochemical production and find solutions to address other gaps in the ozone treaty such as emissions from banks of old ODS and HFCcontaining equipment.

• As part of this work, we will be campaigning for increased corporate accountability and transparency, working to influence investors of companies that produce the cooling equipment that uses climate-damaging refrigerants.

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Forests

~~EIA’s Forests Campaign largely focuses on illegal logging, deforestation and timber traffcking. We monitor, investigate and expose forest-related crimes, reveal the negative impacts of crops such as palm oil and track transnational illegal trade. Our work supports good forest governance and includes the impact on vulnerable forestreliant communities.~~

In Indonesia, our partner Kaoem Telapak is working to implement a training scheme with indigenous youth on photographic and video documentation, data collection and advocacy skills. Defending its sacred sites from a certified palm oil company, the community of a village in Central Kalimantan was able to agree on a settlement based on documented evidence.

Other work in Indonesia focused on supporting the authorities in a verification operation through the provision of information on a timber company operating illegally, submitting grievances to buyer companies following the killing of an indigenous community member due to an ongoing conflict with a palm oil company and follow-up work on the Indonesian Sustainable Palm Oil (ISPO) certification scheme following a joint report with partners in December 2022.

companies breaking sanctions to import teak from Myanmar into the USA. Intelligence continued to be provided to various enforcement agencies in the EU and US to help support enforcement of financial sanctions and the laws that prohibit the import of illegal timber – the EU Timber Regulation and US Lacey Act. There was also an initial hearing in September 2023 in the criminal courts in the UK against a yacht-building company illegally importing teak into the UK – the first known criminal case in the UK. EIA first sent alerts about the company to the UK authorities in 2018.

The EU Deforestation Regulation (EUDR) formally entered into force in June 2023. Now formally a law, our attention is turning to its implementation. In June, EIA and other NGOs openly called for member states to take their obligations under the EUDR seriously and ensure sufficient resources for their competent authorities to enforce the law.

We published an updated report on the US

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Environmental Investigation Agency UK

In the UK, EIA helped to secure an important amendment to the UK Financial Services and Markets Act which requires the Treasury to review the effectiveness of the current financial regulatory framework for eliminating the financing of illegal deforestation.

The Vietnamese Timber Legality Assurance System (VNTLAS. operated since October 2020) is currently undergoing a prolonged review and amendment process by the Vietnamese Government. The revised and hopefully improved version is expected to be released in 2024.

The TLAS is a core building block of the ongoing EU-Vietnam voluntary partnership agreement (VPA) implementation with the aim of reaching Forest Law Enforcement, Governance and Trade (FLEGT) legality licensing stage, a feat so far achieved only by Indonesia. EIA continued to engage with this process via the official multistakeholder core group and kept monitoring timber supply chains to and from Vietnam with the aim of flagging irregularities and strengthening the relevant monitoring and traceability processes crucial for a successful conclusion of the VPA implementation. This included regional fieldwork which is informing the campaign strategy moving forward.

Looking ahead

We will continue to monitor trade flows of timber to inform the private sector, including the financial sector and international decision makers. Information being used is supporting transparency and providing solutions to combat illegalities within the forestry sector.

With the EUDR coming into effect in December, our work to ensure implementation will continue, as will the monitoring of forest risk commodities with a priority on palm oil, including capacity-building on documentation and information flows from the ground to the consumer.

Supporting producer countries in strengthening their national systems on sustainability will enhance transparency and support policies to reduce deforestation and illegalities.

Training schemes will roll out over the different provinces within Indonesia with additional capacity-building provided by EIA for opensource intelligence training for trainers and civil society organisations based in cities.

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Ocean 18 - Jation Agency UK

~~EIA’s Ocean Campaign strives for an improvement in the status of marine ecosystems and wildlife by reducing threats posed by plastic pollution, commercial fshing gear and the commercial exploitation of whales, dolphins and porpoises.~~

EIA engaged with European and UK IWC Contracting Governments on cetacean conservation issues, including advocating a robust 50-year vision to recover cetacean populations.

We highlighted the indefensible hunting of endangered fin whales in Iceland through a report demonstrating the climate, economy, welfare and biodiversity concerns, a blog on the cruelty endured by fin whales and a podcast.

We worked with NGO allies to apply pressure to increase enforcement of illegal totoaba fish maw trade through CITES, with the aim to protect critically endangered vaquita porpoises.

We chaired the first meeting of the Bycatch Working Group of the Consortium for the Conservation of Atlantic humpback dolphins (CCAHD), through which we will understand, highlight and prevent cetacean hunting and bycatch and we contributed to a joint issue briefing providing evidence of countries failing to meet US legal requirements to prevent cetacean bycatch.

EIA advanced ambition in the Global Plastics Treaty talks for each of our priority issues, continued to foster and strengthen relationships with priority regions and countries and was an active leader in the civil society coalition. We also strengthened corresponding plastic governance to advance the sound future implementation of the instrument.

We advanced investigations into illegal plastic waste trade, building sector knowledge, investigation methodologies and evidence to assist in advocacy for legislative changes in the UK, EU and internationally.

Plastic report series, we have been working with key industry stakeholders to advance better management of these products.

Looking ahead

EIA will continue to be at the forefront of research, advocacy and international governance across our marine wildlife and plastics campaigns with a focus on expanding our investigation and intelligence capacity in this area and identifying emerging opportunities where our intervention would be beneficial.

On marine wildlife, we will continue to work for strengthened governance to ensure protection of cetacean species globally, while also expanding our work on the trade in fish maw – a practice which is exacerbating harms to marine wildlife and is a critical factor in the survival of the endangered vaquita porpoise – and bycatch.

On plastics, our work at national, regional and international levels will continue to expose new threats in the plastics lifecycle and supply chains, while also ensuring the strongest possible legislation and commensurate enforcement is in place.

We will continue to be at the forefront of civil society work around the Global Plastics Treaty negotiations, helping to share knowledge in civil society spaces to support engagement in the process and working directly with governments, media and other stakeholders to provide technical support, research and legal counsel throughout the negotiations and ensuing period of ratification and implementation.

EIA led NGOs throughout the entire revision process of the EU Waste Shipment Regulation, in addition to providing technical evidence which helped result in the most stringent plastic waste exporting obligations in the world.

Further, we have been using our evidence and research to feed into relevant national policy consultations and raising awareness of the current practices and consequent impacts of plastic packaging and agriplastic use. In addition, building off the evidence contained with our Cultivating

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Wildlife
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~~Our Wildlife work aims to reduce wildlife crime around the world, with a specifc focus on elephants, pangolins and tigers. Some 2023 highlights include:~~

Asian big cats

Field investigations and desk research by EIA and partners into trade in tigers across SouthEast Asia continued in 2023. Findings included: a regional captive tiger trafficking network sending tigers from Thailand through Laos to Vietnam; a Chinese syndicate making tiger bone wine in Laos; the manufacture of tiger bone glue in Thailand sold to organised bus tours of Chinese and Vietnamese tourists; and the on-going farming of tigers in Laos for sale and export, despite CITES recommendations.

Information gathered during field and desk research was used to prepare briefings shared with national agencies, the CITES Secretariat and Parties, INTERPOL and the UN Office on Drugs and Crime (UNODC). We also disseminated a critique of the wildlife law in Laos, identifying significant gaps in both the main legislation and a decree relating to implementation of CITES and proposed recommendations to strengthen them. Some of our recommendations were subsequently adopted but the legislation is still inadequate.

Our research and analysis into Asian big cat trade and tiger farming also informed presentations and briefings to CITES Parties, including the CITES Big Cats Task Force which we attended, the CITES Missions to countries with captive tiger facilities of concern and the 77th Meeting of the CITES Standing Committee (SC77). We campaigned to ensure that threats to leopards are not overlooked, with a Decision from SC77 urging Parties to report on leopard seizures to SC78 in February 2025.

In collaboration with other NGOs, we have long campaigned for more time-bound, country-specific actions to phase out tiger farming and SC77 delivered such recommendations. Our campaign also contributed to the SC77 decision to suspend trade with Laos. In partnership with several other NGOS, EIA participated in the development and presentation of a Roadmap to Closing Captive Tiger Facilities of Concern at SC77.

Along with EIA’s Pangolin team, we updated our research into the online availability of medicinal products manufactured and licensed for sale in China that claimed to contain leopard bone and pangolin scales, some of which also contained rhino horn and tiger bone. The international shareholders in the publicly listed Chinese pharmaceutical companies were identified and urged to exclude manufacturers of traditional Chinese medicine containing threatened species from their portfolios. Our findings were released in our report Investing in Extinction and discussed with China and other Parties at a side event at CITES SC77.

Looking ahead

• In 2024, we will publish a report into the tiger trade across South-East Asia, with a focus on Laos, where regional crime networks continue to exploit the lack of rule of law and effective enforcement. Convergence in the trade chain with other big cats, wildlife and crime types, supply chains and trade routes and the role of the private sector will also be revealed.

• We will be rolling out a series of workshops to share open source information-gathering skills with civil society organisations working to counter wildlife trafficking in Indonesia. Subject to funding, we will train partners in Nepal to provide similar workshops to civil society, journalists and officials and support partners in India to provide capacity-building to frontline agencies.

• With our colleagues in the Pangolin team, we will conduct research for a report to be released ahead of CITES SC78 in February 2025, focusing on China’s response to trade in Asian big cats and pangolins.

• SC78 will also be an opportunity for EIA and Go Insight to showcase CatByte with initial trends analyses and alerts.

EIA also prepared briefings and gave presentations to the finance sector regarding additional businesses and persons affiliated to the Zhao Wei/Kings Romans Group transnational criminal organisation (TCO). This included highlighting the risk to international banks of exposure to the TCO which has been sanctioned by the US, UK and Canada.

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2023 ANNUAL REPORT AND ACCOUNTS

Wildlife

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22 Environmental Investigation Agency UK
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Elephants

In March 2023, EIA was contracted by the German Agency for International Cooperation GmbH (GIZ) to conduct a study on live pangolin trade in Malawi, Tanzania, Mozambique and Zambia, with a deep-dive in Malawi. The study concluded with several recommendations to support and strengthen law enforcement and other efforts to reduce the illegal trade of live pangolins. The recommendations were welcomed and wellreceived by the study country governments and in-country civil society partners.

EIA had another successful year engaging with CITES, attending the SC77 in November 2023. Following on from our success in leading efforts to secure a review of the National Ivory Action Plan (NIAP) process, we lobbied for the swift and transparent recruitment of a relevant consultant to conduct the review. We also produced an independent assessment of progress being made by key countries in the NIAP process, which was shared with the Standing Committee to inform decisions and recommendations at SC77.

Ongoing efforts to secure and maintain the closure of legal domestic ivory markets continued in 2023, including participating as a key stakeholder in the UK Government-led Ivory Engagement Group which monitors the implementation of the UK ivory Act and related enforcement matters. EIA also contributed to discussions at SC77 regarding the identification of countries with remaining domestic ivory markets.

The Southern African region continued to be a key focal area in 2023. In addition to drafting a Southern African Development Community (SADC) engagement strategy, EIA UK and our US counterparts conducted a joint outreach trip to South Africa in May 2023, meeting a range of key stakeholders working on illegal wildlife trade matters to strengthen relationships. Moreover, EIA facilitated a workshop together with partner organisation Blood Lions, which hosted 20 South African traditional health practitioners to engage with the traditional African medicine sector regarding responsible wildlife consumption.

and corporate sectors to adopt and implement the UNESCO ‘no-go’ commitment and for the improved long-term protection of three African Natural World Heritage Sites holding significant elephant populations.

Looking ahead

• With SC78 and CoP20 on the horizon, EIA will feed information into relevant CITES processes, for example, through the implementation of the campaign’s NIAP strategy, stockpile strategy and domestic ivory market strategy.

• EIA will continue advocating for the closure of legal domestic ivory markets, including monitoring the recent proposal to expand the existing limited legal domestic ivory market in South Africa. Efforts will continue to lobby against anticipated attempts to re-open the international commercial trade in ivory at CoP20.

As part of efforts to evaluate the expansion of TCM in Africa and its impact on African biodiversity, a brief market scoping was conducted in three South African cities.

The year also saw EIA continue its efforts to raise awareness of the threats posed to key elephant populations in Africa by unsustainable commercial extractive and infrastructure project, using the 45th meeting of the World Heritage Committee to advocate for greater commitment by the financial

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2023 ANNUAL REPORT AND ACCOUNTS

Wildlife

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Pangolins

We worked across a range of different issues in 2023. This included:

Looking ahead

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2023 ANNUAL REPORT AND ACCOUNTS

Wildlife

Vietnam corridor, enabling us to generate dozens of intelligence outputs, some of which are disseminated to carefully selected enforcement agencies to support their investigations.

Summary of key activities

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©Nigeria Customs Service
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Securing Criminal Justice project (Wildlife)

Key highlights from 2023

Our Securing Criminal Justice Project worked throughout 2023 to develop and implement several key activities to improve law enforcement and criminal justice responses to wildlife trafficking in West and Central Africa.

With our local partners, Africa Nature Investors Foundation and Wild Africa Fund, we identified sponsors to enact a revised Endangered Species Conservation and Protection Bill in Nigeria. After some setbacks due to national elections, we continued our advocacy efforts and identified Honourable Terseer Ugbor, Deputy Chair of the Environment Committee who agreed to sponsor the Bill. The Bill successfully passed its ‘First Reading’ in the House of Representatives in February 2024, marking a significant step forward in strengthening Nigeria’s legislation.

In June, we held a Financial Investigations Training event in Lagos, Nigeria. The event aimed to develop public-private collaboration and information exchange between banks, financial intelligence units, and specialised police agencies and served as a crucial platform for sharing experiences and best practices. The participants recognised the benefits of collaboration such as asset-tracing and supporting prosecutions. The event was a significant step forward in the ongoing fight against the financial aspects of wildlife crime.

Throughout the year, EIA’s Intelligence and Investigations Unit used a variety of methods including direct engagements with suspected traffickers to generate over 139 intelligence reports

on wildlife trafficking in Nigeria. Enhancing our knowledge on individuals and their methods enables us to develop policy responses to bring about lasting change in the conditions and systems that allow trafficking to flourish. Our intelligence outputs are shared with selected law enforcement agencies, international organisations, and NGOs operating in the region.

Attending key international meetings helps us to stay abreast of current trends and changes to policy and to maintain key contacts. In December, EIA staff were in Atlanta, Georgia for the 10th Conference of the States Parties to the UN Convention Against Corruption. We helped organise a day of events on environmental corruption and facilitated a session on best practices and opportunities. Also in December, our intelligence unit colleagues attended INTERPOL’s 34th Wildlife Crime Working Group Meeting in Lyon. The event brought together law enforcement and government agencies, academia and civil

society to identify new trends. A dedicated civil society day highlighted the need for greater coordination between organisations supporting law enforcement efforts.

Recognising the need to engage with partners and agencies in the West and Central African region, EIA conducted outreach missions to Cameroon and the Republic of Congo to complement our ongoing work in Nigeria. Our French-speaking team met with enforcement officials and government representatives and, supported by funds from the Full Circle Foundation, we also linked up with several civil society organisations to understand the challenges they face, and identifying areas of potential collaboration.

Intelligence

Intelligence and Investigation Unit

Looking ahead

• We will develop increased support for prosecutors in Nigeria by developing ‘criminal justice cooperation networks’ to address and overcome some of the key challenges to securing prosecutions against wildlife traffickers.

Throughout 2023, EIA’s Intelligence and Investigation Unit (I&I) conducted investigations in 11 countries on three continents, using specialist covert techniques to target major wildlife crime networks and key criminal actors involved in environmental crime, such as F-gas smuggling and timber trafficking.

The investigations generated 531 intelligence reports on persons and companies involved in environmental crime, resulting in 38 confidential briefings to law enforcement and government agencies. This data was also shared with key financial institutions and banks to facilitate financial investigations into money laundering offences linked to environmental crime.

In October 2023, EIA launched the new prosecution analysis dashboard on our Global Environmental Crime Tracker, analysing wildlife crimes in Nigeria, Malaysia and Vietnam. The tool has been well received and provides access to court case records and prosecution outcomes to emphasise the need for post-seizure investigations. During the next 12 months, a new plastic waste crime dashboard will be published on the Tracker to promote transparency of data for crimes impacting on the environment.

In 2024, the I&I Unit will continue to work closely with EIA’s campaign teams to provide support towards strategic objectives through intelligence analysis and investigations, as well as providing capacity-building on open-source intelligence skills to law enforcement agencies and key partners in project countries.

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2023 ANNUAL REPORT AND ACCOUNTS

Fundraising

Raising funds

The majority of EIA’s funding is from restricted sources, predominantly grants from trusts and foundations and, while we have had increasing success in securing large institutional grants in recent years, this model does not allow for full cost recovery.

Given the nature of EIA’s work, salaries for campaigners, crime analysts and investigators represent the bulk of charitable expenditure and this needs to be supported by human resources, IT, finance and office costs. Therefore, raising unrestricted funds is crucial to supplementing project funding, increasing our impact and investing in the development of EIA UK.

We are extremely grateful for the continued support in 2023 of a small group of just over 1,400 individual regular monthly donors, many of whom have supported EIA since the early 1990s. Their loyal support helps us plan ahead with more confidence.

The focus of our fundraising activity in recent years has been maximising the return of investment. In 2023 we started to shift towards new donor acquisition and supporter development to increase unrestricted income over the medium to long-term, which will allow us to invest in the areas where the need is greatest.

Institutional fundraising

Grants from statutory funders, trusts and foundations continue to provide a significant percentage of income for EIA UK. We are extremely grateful to all funders and thank them for their long-standing generosity in support of the Climate, Forests, Ocean and Wildlife (Asian big cats, Pangolin and Elephant) programmes of work.

Income from major institutional funders represented a significant proportion of our income during 2023; funders include the UK Illegal Wildlife Trade Challenge Fund (Wildlife and Intelligence & Investigations), the US Government through the Bureau of International Narcotics and Law Enforcement Affairs (INL) (Wildlife), the Norwegian Agency for Development Cooperation (Forests and Ocean), the Elephant Crisis Fund, EJF Philanthropies (Elephant and Pangolin), the Plastic Solutions Fund (Ocean), the Children’s Investment Fund Foundation (Climate), the Swedish Postcode Foundation (Ocean), The Waterloo Foundation (Forests) and The Robert H.N.Ho Family Foundation (Asian big cats).

We are also extremely appreciative of donors to the former EIA Trust who have continued to loyally support us in 2023, including ClimateWorks Foundation, the David Shepherd Wildlife Foundation, the Ernest Kleinwort Charitable Trust, the Henocq Law Trust, John Ellerman Foundation, the Network for Social Change, Oak Foundation, the Rufford Foundation and Save the Rhino International.

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Individual giving

Since 2018, our main objective has been to consolidate unrestricted income, focusing on areas of greatest return by systematically increasing the return on investment in each income stream and reviewing the structure of the Fundraising team.

Following a more challenging year in 2022, although the economic climate and increased cost of living continued to impact on our individual supporters, 2023 was a strong year as we benefited from an increase in legacy income as some of our most committed and loyal supporters left EIA an incredibly generous final gift in their Will. We also raised more income from High-NetWorth Individuals who are passionate about the environment and want to ensure the natural world is protected for future generations.

During 2023, we started to explore new areas of fundraising to recruit new supporters and strengthen relationships with existing supporters.

We launched the ‘Win for Nature’ weekly lottery, which offers supporters a new way to donate to EIA regularly, we strengthened our appeal programme by creating a digital appeal, which reached an audience of more than 125,000, and we sent out monthly updates to more than 20,000 of our digital supporters, updating them on our recent successes and informing them of other ways that they can support us.

Looking ahead

EIA will be celebrating its 40th anniversary during 2024 and we will use this anniversary year to reflect on the successes and impact we have had over the past four decades as well as sharing our plans for the future.

We will continue to seek opportunities to develop new relationships with major funders to lay the groundwork for support in the future, to diversify our support and continue growing our income, including from smaller grant-making trusts and family foundations.

To mitigate any potential negative impact of the continued economic crisis on core funding, we will continue to focus on the stewardship of existing funders and individual supporters.

During 2024, we will launch a three-year supporter acquisition campaign using a range of public fundraising channels to recruit new regular supporters. We will also implement our new legacy marketing strategy to promote legacy giving and recruit new legacy pledgers to build on the recent success seen in this area.

While large multi-year grants are essential to ensuring our work continues, diversifying and increasing our unrestricted income is vital to develop the organisation and increase global impact. In 2024, we are therefore seeking to establish new partnerships with grant-making trusts and philanthropists willing to provide funding for the development of core elements of our work.

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2023 ANNUAL REPORT AND ACCOUNTS

Our Fundraising Practice

Our fundraising practices are in line with guidance from the Charity Commission.

Effective planning: Income and expenditure forecasts are produced bi-annually, based on the outcome of fundraising initiatives and applications submitted. As part of the planning process, we also monitor the return on investment of each unrestricted income stream and adjust as required. Deadlines for reports due and calls for proposals are shared with budget-holders monthly, along with future income projections and assumptions on application success.

Supervision of fundraisers: In 2023, our

fundraising policies were reviewed and approved by the Board of Trustees, including references to the necessity to be mindful of supporters who may be vulnerable or in vulnerable circumstances. Inhouse fundraisers receive appropriate monthly supervision. In summer 2023, we worked with a professional fundraising organisation to conduct our telephone regular giving campaigns. The callers received training by EIA and the quality of calls was monitored.

Protecting the assets and reputation of the organisation: Monthly reconciliation processes are in place between Sage and our CharityCRM

fundraising database. Our ethical private funding and gift acceptance policy includes guidance on anti-money laundering regulations introduced by the Board of Trustees and guidance from the Charity Commission’s Know Your Donor.

Full compliance with fundraising laws: Our privacy policy is available online. We are registered with the Fundraising Regulator and fundraisers are made aware of the Fundraising Regulator Code of Fundraising practice.

Following recognised standards, being open and accountable: Complaints are reported to the Trustees and no formal fundraising complaints were received from supporters in 2023. Our fundraising complaints policy is available on our website. We ensure the right policies are in place and understood internally. EIA UK is in compliance with the standards in the Code of Fundraising Practice. Our Year in Review publication, Annual Report and Accounts ensure our aims and achievements are clearly communicated to funders and supporters.

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Thank you

Institutional donors

And thank-you to all our friends, individual donors and corporate supporters, including comedian and EIA Ambassador Ronni Ancona, artist Gary Hodges, Jamie at Emmerson Press, web agencies Creemedia and HappyPorch, Angela Hayes, Partner at law firm DAC Beachcroft LLP, and the professional photographers who give us pro bono access to their portfolios. We hugely appreciate you.

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2023 ANNUAL REPORT AND ACCOUNTS

ENVIRONMENTAL INVESTIGATION AGENCY UK TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

~~Structure, governance and management~~

The Environmental Investigation Agency UK is a registered company limited by guarantee, number 07752350, incorporated on 25 August 2011. It was registered as a charity – number 1182208 – on 26 February 2019 and produces its annual reports under the provisions of FRS 102 and the Charity SORP.

Prior to being registered as a charity, EIA UK operated as a not-for-profit company and worked collaboratively with EIA Trust until the Trust was wound up and closed. The latter’s assets were transferred by deed to EIA UK. Previous EIA UK annual reports can be seen on the Companies House website.

EIA UK was established under a memorandum and articles of association which established the objects and powers of the company and is governed under its articles of association. The articles were revised in 2019.

The Trustees’ report has been produced under the provisions of FRS 102, the Charity SORP, to comply with best practice.

The Trustees who served during the year and up to the date of the report are listed on page 2.

The Trustees have no beneficial interest in the charity.

The Trustees have the power to appoint or to co-opt new members to the Board by an ordinary resolution. New trustees are recruited by advertising widely and through a competitive recruitment process. The induction process for new trustees includes provision of key information about the company, its operations and the Trustees’ responsibilities.

The objects and purposes are described elsewhere in this report. To achieve our charitable purposes, the Trustees take into account the Charity Commission public benefit guidance when making any decision relevant to it. The Trustees meet to set the strategic direction for the charity to review and agree the campaign and organisational plans drawn up by the Executive Team and to actively manage the key risks faced.

The Finance Committee met 10 times in the year to review financial performance, audit and risk management. Following an organisational review, it was agreed for the Finance Committee to meet quarterly in future to enhance its focus

on deliverables and to make better use of Finance department time. The Board of Trustees reviews governance and policies to ensure the charity is compliant and robust.

To set remuneration of key staff, comparisons are made with the remuneration of staff in similar roles at other charities of similar size.

Equality, Diversity and Inclusion Committee

As in the past, Equality, Diversity and Inclusion (EDI) has continued to be an important focus for EIA.

The EDI Committee has met bi-monthly to allow for action and feedback to and from staff in between meetings. The Committee continued to have representation from different staff levels, Trustees and volunteers.

EDI will remain a focus in 2024, but EIA has restructured and responsibility for EDI now sits with the Strategic Co-ordination Group.

~~Financial review~~

Results for the year

EIA had another successful year in 2023, thanks to the continued generosity of our supporters. The total income raised during the year amounted to £5,960,004, an increase of 12 per cent compared to the previous year. Although restricted grant income continues to be the main source of income for the charity, there was a significant increase in donations from individual supporters in 2023.

Unrestricted income from donations and legacies increased by £908,422 during the year and accounted for 24 per cent of total income in 2023, compared to nine per cent in 2022. Legacy income receivable amounted to £338,303 (2022: £69,547), a testament to the loyalty of our supporters. All legacy income included in the 2023 Financial Statements has been received at the time of reporting.

The donations from individual supporters include a donation of £550,000 from a single supporter, with additional Gift Aid in the sum of £137,500. This significantly boosted the unrestricted funds received during the year and enabled the charity to continue with its invaluable work, especially for those campaigns that had income shortages in the year.

Included within Donations and Legacies are gifts in kind valued at £58,370 (2022: £81,500).

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ENVIRONMENTAL INVESTIGATION AGENCY UK

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Grant income receivable was £4,501,248, a decrease of six per cent compared to the prior year. Three long-standing funders awarded reduced grants or no funding support in 2023. Following a review of their long-term funding strategy, The BAND Foundation ended its funding support for EIA. A substantial grant from The Foreign, Commonwealth and Development Office ended in 2022 and there were no requests for submission of funding proposals for 2023/24 activities, as was the norm. The Oak Foundation revised its offer of funding over a longer period, but at a reduced annual amount receivable. Grant funding is also characterised by a cycle of grants ending during the year, while others start. A notable grant of £884,232 was secured from The Children’s Investment Fund Foundation, a long-term supporter of our work on the Climate Campaign. New grants were also secured from Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) GmbH, Save the Rhino, The Waterloo Foundation, Japan Animal Welfare Society and Lilongwe Wildlife Trust.

Although there was a slight reduction to grant income in 2023 due to the factors highlighted above, the charity is continually looking to diversify its funding portfolio and is confident that adequate funding will be secured for future periods.

A full list of the restricted grant donors is available in Note 2(v) in the Notes to the Financial Statements. EIA is grateful to all donors that have enabled its invaluable work to continue during the year and beyond.

Total expenditure during the year amounted to £5,311,516, an increase of 10 per cent on 2022. The cost of raising funds increased significantly mainly due to the recruitment of three new members of staff for the Trusts and Statutory Funding and Individual Giving Programmes. Other fundraising costs including the support costs allocated to fundraising activities also increased during the year.

Overall, the expenditure on charitable activities increased by eight per cent, with a marked increase in the amount charged to unrestricted funds. At least £205,226 of project expenditure that would ordinarily be charged to restricted grants was charged to unrestricted funding, attributable largely to a key grant that ended in 2022.

Except for staff salaries, there was a reduction in direct project costs, especially on grants payable to implementing partners, which are dependent on grant receipts. For instance, the grant from

The Foreign, Commonwealth and Development Office which ended in 2022 accounted for 35 per cent of the total grants payable in that year.

The charity continued to grow in 2023, with the staff count at 62 compared to 51 in the previous year. Staff were awarded a five per cent inflationary pay increase in January 2023. Other staff costs also increased, reflecting the cost of recruitment, training and providing equipment for new staff.

Included in the expenditure on charitable activities are support and governance costs amounting to £936,347 (2022: £702,704). The increase is primarily due to staff costs but also the increase in the general cost of goods and services.

Thanks to the generosity of the landlord, the charity continues to benefit from a stable rent bill. However, the cost of the premises increased due to rates payable in 2023, compared to none in 2022 due to the COVID-19 additional relief fund awarded by the council.

The additional fee charged during the 2022 audit for undertaking extra work arising from the changes to International Standards on Auditing, was incorporated into the audit fees for 2023, plus an inflationary increase for audit and other services.

The administration and management of staff working remotely continues to be a challenge and has resulted in an increase in payroll administration costs.

Reported expenditure includes the sum of £58,370 representing gifts in kind, comprising of Google advertising grants valued at £55,870 and legal services provided by DAC Beachcroft LLP at £2,500.

Total income during the year exceeded the total resources expended, resulting in a net movement in funds of £648,488. The charity’s total net assets amounted to £3,272,905 as at 31 December 2023, consisting of restricted reserves at £1,984,984 and unrestricted reserves in the sum of £1,287,921, of which £629,000 is designated for specific purposes over the next two years.

The Notes to the Financial Statements provide further details on the figures presented on the Statement of Financial Activities and the Balance Sheet as at 31 December 2023.

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ENVIRONMENTAL INVESTIGATION AGENCY UK

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Gifts in Kind

Donations and legacies received during the period include Gifts in Kind to the value of £58,370. This comprises free Google advertising grants and probono legal services provided during the year.

Value of volunteers

The Trustees would like to pay tribute to our volunteers for their time, support and commitment. They make a significant contribution to the work and success of the organisation. Volunteers continued to support the work of the charity during the period. At least 12 volunteers helped with our research, data input and analysis, translations, archiving and general administration.

It is inherently difficult to measure the true value associated with this support and therefore a monetary value for volunteer time has not been included in these financial statements.

Details of reserves

As at 31 December 2023, total reserves held by the charity amounted to £3,272,905. This consisted of unrestricted reserves in the sum of £1,287,921, of which the free reserves amounted to £601,392. As highlighted in note 13, £629,000 of the unrestricted reserves has been designated for specific purposes over the next two years. Restricted reserves totalled £1,984,984.

The objective of the unrestricted free reserve is to maintain sufficient unrestricted general funds to meet all of EIA UK’s existing liabilities in the event of an unforeseen and/or catastrophic development within the organisation.

Consequently, the reserves policy focuses on the need to maintain free reserves in unrestricted funds at a level that equates to between three to six months’ of unrestricted operational expenditure, the definition of which, has been revised, including the operational support costs funded by restricted funds. At present, this is between £416,000 and £832,000. The Trustees consider that at these levels, EIA UK would retain sufficient funds to enable it to respond to changes in operations and to adequately cover the financial impact of any adverse development within EIA UK.

The unrestricted free reserves reported as at 31 December 2023 are above the free reserves range indicated in the Board’s policy. It is noted that included in the accrued income, legacy income totals £163,048. The income recognition criteria of the charity SORP may lead to instances where this income is included in the current year results but not received until after the year end, which

impacts on our income and therefore reserves, but we do not feel it is prudent to spend the money until there is more certainty about the likely timing of receipt.

The organisation’s organisational review, which is ongoing, is funded by free reserves, including any structural changes that may be implemented as a result of the review. As is usual, while external funding is awaited, some campaigns have received support from the unrestricted free reserves during the period and will do so in 2024. The Trustees continue to receive and review recommendations from senior leaders on potential organisational investments that would benefit the development of our work.

Going concern

During the year, EIA UK’s financial stability has not only been maintained but has been significantly enhanced. Although the direct impact of COVID-19 has now mostly disappeared for the organisation, work practices have evolved since the pandemic, with the result of much more flexible working arrangements being in place

As a result, most staff continue to work from home at least part of the week. A desk booking app has been set up to effectively manage desk occupancy as there are fewer desks in the office than prior to the pandemic.

A fortnightly newsletter is produced and circulated, including office updates and campaign news, introducing new staff, staff photos and jokes. All-staff meetings were held in January And July 2023, focused on campaign and office updates as well as development of the structural review.

As is highlighted in the campaign reports, EIA’s work has continued very successfully with remarkable achievements. The Trustees sincerely thank all EIA UK staff for their dedication, tenacity and commitment to achieving EIA’s goals.

The Trustees much appreciate EIA UK’s loyal regular donors for their continued support and it is heartening to see such significant increases in donations and the subsequent increase in Gift Aid. As always, budget-holders maintain a dialogue with funders regarding progress and changes to activities. The Trustees sincerely thank donors for their support and flexibility with respect to grant spending.

EIA UK has continued to fulfil its aims and objectives with regular assessments and monitoring of income and expenditure, showing that the organisation has the ability to continue as a going concern.

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ENVIRONMENTAL INVESTIGATION AGENCY UK

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

With respect to the reserves position, Trustees have a reasonable expectation that EIA UK has adequate resources and certainty of future income to continue in operation for a period of at least 12 months from the approval of the financial statements.

Accordingly, they have adopted the going-concern basis in preparing the annual report and accounts.

Risks

The Trustees regularly review the risks facing the organisation. A wide-ranging Risk Register has been established and its review is a standing item of the meetings of the Trustees the Finance Committee (of which the Senior Management Team are members) and to ensure appropriate control systems are in place. It is updated as required. Where appropriate and possible, systems or procedures have been established to mitigate the risks the company faces.

During 2023, the Trustees ensured regulatory compliance by reviewing the current governance framework together with any additional regulations from the Charity Commission and requirements of the Fundraising Regulator. We benchmark ourselves against the Charity Governance Code.

A timetable for reviewing policies by the Board of Trustees is in place. This, combined with regular review of governance, reduces the risk to the organisation.

Those considered top risks are listed on page 36

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ENVIRONMENTAL INVESTIGATION AGENCY UK

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

Risk Action taken
Income not suffcient to cover outgoings Strategies and accompanying budgets reviewed and approved by Trustees
each year and include three-year projections.
Fundraising team ensures raising required income is realistic and
required reporting on progress is undertaken.
Spending commitments are not made unless suffcient funds are available.
Insuffcient unrestricted free reserves to meet
EIA UK’s liabilities in the event of unforeseen
and/or catastrophic events		 Strategy to monitor free reserves is in place to ensure they are within the
target range.
Particular attention is paid to the reserves balances during review of the
Management Accounts.
Inadequate fnancial controls and compliance
with regulatory requirements inhibit funding
of EIA’s work, furtherance of its objectives and
can cause reputational damage		 The Finance Committee, of which three Trustees are members, meets up
to 10 times during the year to review income and expenditure and factors
that may impact the fnancial stability.
Trustees regularly monitor income and expenditure against the agreed
budget and strategies for the year.
The Trustees ensure governance and policies are ft for purpose and are
reviewed according to an agreed timetable.
Compliance with regulatory requirements is frequently reviewed.
Compliance with GDPR is reviewed annually and based on ICO guidance.
Risks (security, injury, illness, death)
associated with challenging environments in
which campaigns work is often carried out		 “Life Comes First” policy risk assessments for operations. A travel safety
system is in place to ensure the organisation meets its duty of care for
staff travelling overseas. Pre-trip risk assessments carried out.
Comprehensive travel insurance provision and on-the-ground practical
help in place.
COVID-19 impact on staff and operations Although the impact of COVID -19 has mostly been eliminated with
respect to EIA’s activities, we will continue to follow Government guidance
and staff have worked from home where appropriate.
Health and safety measures have been introduced in the offce to reduce
risk of infection.
Regular updates, communications and welfare support is provided.
The Senior Management Team holds monthly meetings, including
discussion on any situation relating to COVID-19.
Business continuity plan in operation and includes collaborative
discussion with funders.
Risk of legal action in response to EIA
publications		 Reports and other key campaign documents are checked by libel lawyers
before publication.
All reports are fact-based, with facts carefully verifed.
Health and safety of staff Health and safety is a key priority for the charity and a Health and Safety
report is a standing item on the Trustees’ meeting agendas.
Lack of succession planning causes harm to
the organisation		 Succession planning by members of the Board of Trustees is in place.
Structural review being undertaken.
Fraud and cyber attacks Sound fnancial controls in place and described in the comprehensive and
updated Finance Manual.
The Finance Manual is provided to all staff who must confrm they have
read it.
A cyber-attack prevention and response strategy is in place.

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ENVIRONMENTAL INVESTIGATION AGENCY UK

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Statement of responsibilities

The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statement in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

So far as the Trustees are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the EIA UK’s auditors are unaware, and each Trustee has taken all the steps they ought to have taken as a Trustee in order to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Relationships with related parties and other organisations

EIA UK works in cooperation with EIA US Inc with respect to its campaigns. A Trustee of EIA UK is also a Director of EIA US Inc.

EIA Netherlands, a company incorporated on 21 January 2013, was activated in the Hague by EIA UK in 2021. One Trustee and two employees of EIA UK are directors of the company.

EIA UK collaborates with NGOs around the world to advance its work in the most cost-efficient way to achieve its aims.

On behalf of the Board:

The Trustees are responsible or keeping adequate accounting records that are sufficient to show and explain the organisation’s transactions and disclose with reasonable accuracy at any time the financial position of EIA UK and enable them to ensure that the financial statements comply with the Companies Act 2005. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Paul Townley (Trustee)

29 July 2024

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2023 ANNUAL REPORT AND ACCOUNTS

ENVIRONMENTAL INVESTIGATION AGENCY UK

INDEPENDENT AUDITORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

~~Independent auditors~~ ’ ~~report~~

Opinion

We have audited the financial statements of Environmental Investigation Agency UK (‘the charitable company’) for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of 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 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 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.

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 charitable company’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 annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. 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.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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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Environmental Investigation Agency UK

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 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 where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 37, 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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

39

2023 ANNUAL REPORT AND ACCOUNTS

including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance 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 is detailed below.

The objectives of our audit in respect of fraud are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

Our approach was as follows:

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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 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 any party other than the charitable company and charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Neil Finlayson (Senior Statutory Auditor) for and on behalf of Moore Kingston Smith LLP, Statutory Auditor

31 July 2024

9 Appold Street London EC2A 2AP

40

Environmental Investigation Agency UK

ENVIRONMENTAL INVESTIGATION AGENCY UK

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

----- Start of picture text -----
Notes Unrestricted Restricted Total 2023 Unrestricted Restricted Total 2022
£ £ £ £ £ £
Income and endowments from
Donations & Legacies 2(i) 1,402,376 37,109 1,439,485 493,954 8,116 502,070
Income from other trading
2(ii) 6,089 - 6,089 - - -
activities
Investment Income 2(iii) 13,032 - 13,032 1,142 - 1,142
Income from charitable activities 2(v) - 4,501,248 4,501,248 - 4,812,317 4,812,317
Other Income 2(iv) 150 - 150 375 9,474 9,849
Total income and endownments 1,421,647 4,538,357 5,960,004 495,471 4,829,907 5,325,378
Expenditure on
Expenditure on Raising Funds 3 323,817 323,817 209,589 209,589
Charitable Activities 4 707,936 4,279,763 4,987,699 279,855 4,352,492 4,632,347
Total Resources Expended 1,031,753 4,279,763 5,311,516 489,444 4,352,492 4,841,936
Net income/(expenditure) 389,894 258,594 648,488 6,027 477,415 483,442
Transfers
Transfers between funds 11,222 (11,222) - 12,618 (12,618) -
Net Income before other
401,116 247,372 648,488 18,645 464,797 483,442
recognised gains and losses
Other recognised gains/losses - - - - - -
Net Movement in Funds 401,116 247,372 648,488 18,645 464,797 483,442
Reconciliation of funds
Total funds brought forward 886,805 1,737,612 2,624,417 868,160 1,272,815 2,140,975
Total funds carried forward 1,287,921 1,984,984 3,272,905 886,805 1,737,612 2,624,417
----- End of picture text -----

41

2023 ANNUAL REPORT AND ACCOUNTS

ENVIRONMENTAL INVESTIGATION AGENCY UK

BALANCE SHEET AS AT 31 DECEMBER 2023

----- Start of picture text -----
Notes 2023 2022
£ £
Fixed assets
Tangible Assets 8 45,279 28,593
45,279 28,593
Current assets
Debtors 9
413,437 589,350
Short term investments 15
550,000 550,000
Cash at bank and in hand 16
2,715,500 2,013,721
3,678,937 3,153,071
Liabilities: amounts falling due within one year
Creditors 10 (451,311) (557,247)
(451,311) (557,247)
Net current assets 3,227,626 2,595,824
Total assets less current liabilities 3,272,905 2,624,417
Funds
Unrestricted 12 658,921 886,805
Designated funds 13
629,000
Restricted 11 1,984,984 1,737,612
Total funds 3,272,905 2,624,417
----- End of picture text -----

The Financial Statements have been prepared in accordance with the provisions applicable to the Small Companies Regime and in accordance with the Companies Act 2006 relating to small companies and with FRS 102 (1A) the Financial Reporting Standard applicable in the UK and Republic of Ireland.

The Financial Statements were approved by the Board of Directors on 29 July 2024 and signed on their behalf by:

John Stephenson (Chair, Board of Trustees)

Paul Townley (Trustee)

Company No: 07752350

42

Environmental Investigation Agency UK

ENVIRONMENTAL INVESTIGATION AGENCY UK(UK) LTD NOTES TO THE FINANCIAL STATEMENTS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 20 1723

----- Start of picture text -----
2023 2022
£ £
0. Xytxtyxty xtyxtxxty xtyxtfyxty
Cash flows from operating activities
Net cash provided by (used in) operaXy t ing acxytxy t ivities Xytxytxyt Xytxytxyt 739,389 Xytxytxy Xytxytt 604,475 Xytxyt
0000 0000 0000 0000 0000 0000
XytxytxytxyxtytxxCash flows from investing activities:
Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000
Xytxytxytx xytxyxtytx ytxy Purchase of property, plant and equipment000,000 000,000 000,000 (37,610) 000,000 000,000 (21,873)000,000
Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000
Xytxytxytx xytxyxtytx yNet additions to curren t asset investments xy 000,000 000,000 000,000 - 000,000 000,000 - 000,000
Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000
Xytxytxytx xytxyxtytx ytxy Net cash provided by (used in) investing activities000,000 000,000 000,000 (37,610) 000,000 000,000 (21,873)000,000
Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000
Xytxytxytx xytxyxtytx ytxy Change in cash and cash equivalents in the reporting period000,000 000,000 000,000 701,779 000,000 000,000 582,602000,000
Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000
Xytxytxytx xytxyxtytx ytxy Cash and cash equivalents at the beginning of the reporting000,000 000,000 000,000 000,000 000,000 000,000
2,013,721 1,431,119
Xytxytxytx xytxyxtytx ytxy period 000,000 000,000 000,000 000,000 000,000 000,000
Subtotal 000,000 000,000 000,000 000,000 000,000 000,000
Cash and cash equivalents at the end of the reporting period 2,715,500 2,013,721
Total Income 000,000 000,000 000,000 0,000,000 0,000,000 0,000,000
Reconciliation of net income/(expenditure) to net cash flow from
Xytxytxyxxtyxtxoperating activities
Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000
Xytxytxytx xytxyxtytx ytxy Operating surplus/(deficit) 000,000 000,000 000,000 648,488 000,000 000,000 483,442000,000
Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000
Xytxytxytx xytxyxtytx ytxy Adjustments for: 000,000 000,000 000,000 000,000 000,000 000,000
Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000
Xytxytxytx xytxyxtytx ytxy Depreciation charges 000,000 000,000 000,000 20,924 000,000 000,000 20,137 000,000
Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000
Xytxytxytx xytxyxtytx ytxy (increase)/decrease in debtors 000,000 000,000 000,000 175,913 000,000 000,000 (61,817) 000,000
Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000
Xytxytxytx xytxyxtytx ytxy increase/(decrease) in creditors 000,000 000,000 000,00(1 0 5,936) 000,000 000,000 162,713 000,000
Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000
Net cash provided by (used in) operating activities 739,389 604,475
Subtotal 000,000 000,000 000,000 000,000 000,000 000,000
Total Expenditure Analysis of cash and cash equivalents and net debts000,000 000,000 000,000 0,000,000 0,000,000 0,000,000
Cash in hand
Num rerchil lorerum, ut licate etumqui debisqu odignimodi omniend andus, sapidi temporis endebis dioremqui re sition
es delest, nonsequis alis quiatinctae plaborporunt moloriorrum comnieniscil illupid ucientibusam ium et eiumqua sperum
dolende voluptat quas doluptat.Opening balance 2,013,721 1,431,119
It eum facea nim rectetus et expel mos aliqui a volor secaece raeperum vent dolenda solorrunt omnim faccatur, ommo
omnim rem voluIncrease/(decrease) in cashptatur, odis auta id que am que nullend ucilitat pa simus, im701,779peliae cor aut eium qui ne ea ped ex estrum 582,602
doluptatur ratur, andit vendaeped molorehent vernatintur?
Total 2,715,500 2,013,721
----- End of picture text -----

43

2023 ANNUAL REPORT AND ACCOUNTS

ENVIRONMENTAL INVESTIGATION AGENCY (UK) LTDENVIRONMENTAL INVESTIGATION AGENCY UK NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017FOR THE YEAR ENDED 31 DECEMBER 2023

Statutory Information

Environmental Investigation Agency UK is a charitable company limited by guarantee and is ~~incorporated in the United Kingdom. The0. Xyxtyxtyxt xtyxfty~~ registered address is 62-63 Upper Street, London N1 0NY. It was registered as a charity, number 1182208 with effect from 26 February 2019.

Xytxytxyt Xytxytxyt Xytxytxyt Xytxytxy Xytxytt Xytxyt ~~0000~~ 0000 0000 0000 0000 0000 ~~1. Accounting policies~~ Xytxytytxyxtyxtx Xytxytxytx xytxyxtytx ytxy Basis of preparation of financial statements 000,000 000,000 000,000 000,000 000,000 000,000 000,000

Xytxytytxyxtyxtx

Xytxytxytx xytxyxtytx ytxy Basis of preparation of financial statements 000,000 000,000 000,000 000,000 000,000 000,000 Xytxytxytx xytxyxtytx ytxy The financial statements have been prepared in accordance with the Financial Reporting Standard 000,000 000,000 000,000 000,000 000,000 000,000 Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000 applicable in the UK and Republic of Ireland (FRS 102) including Update Bulletin 2. The charity also Xytxytxytx xytxyxtytx ytxy prepared its financial statements in accordance with the Statement of Recommended Practice applicable 000,000 000,000 000,000 000,000 000,000 000,000 Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000 to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000 the UK and Republic of Ireland (The FRS 102 Charities SORP), the Companies Act 2006 and the Charities Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000 Act 2011. Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000

Xytxytxytx xytxyxtytx ytxy The EIA UK Trustees have assessed whether the use of the going concern basis is appropriate and 000,000 000,000 000,000 000,000 000,000 000,000 Xytxytxytx xytxyxtytx ytxy have considered possible events or conditions that might cast significant doubt on the ability of the 000,000 000,000 000,000 000,000 000,000 000,000 Xytxytxytx xytxyxcompany to con t ytx ytxy inue as a going-concern. The Trustees have given due consideration to the current 000,000 000,000 000,000 000,000 000,000 000,000 ~~global economic challenges and are confdent that with the continued support of its loyal supporters and~~ Subtotal 000,000 000,000 000,000 000,000 000,000 000,000 ~~donors, the charity will accomplish its goals. The Trustees have made this assessment for a period of at~~ Total Income least one year from the date of approval of the financial statements. 000,000 000,000 000,000 0,000,000 0,000,000 0,000,000 The Trustees are confident that the charity has adequate resources to continue in operational existence Xytxytxytxyytxytxytx for the foreseeable future, meeting its obligations as they fall due, and that therefore the going concern Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000 basis continues to be appropriate. Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000 Xytxytxytx xytxyxtytx ytxy The financial statements are prepared in sterling, which is the functional currency of the company. 000,000 000,000 000,000 000,000 000,000 000,000 Xytxytxytx xytxyxtytx ytxy Monetary amounts in these financial statements are rounded to the nearest pound. The financial 000,000 000,000 000,000 000,000 000,000 000,000 Xytxytxytx xytxyxtytx ytxy statements have been prepared on the historical cost convention.000,000 000,000 000,000 000,000 000,000 000,000 Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000 The principal accounting policies adopted are set out below: Xytxytxytx xytxyxtytx ytxy 000,000 000,000 000,000 000,000 000,000 000,000

000,000 000,000 000,000 000,000 000,000 000,000 000,000 000,000 to a legacy exists but there is uncertainty as to 000,000 000,000 000,000 000,000 its receipt or the amount receivable, details are 000,000 000,000 000,000 000,000 000,000 000,000 disclosed as a contingent asset until the criteria 000,000 000,000 000,000 000,000 000,000 000,000 for income recognition are met.

Xytxytxytx xytxyxtytx ytxy 000,000 000,000 Income Xytxytxytx xytxyxtytx ytxy 000,000 000,000 Income is included on an accruals basis. It Xytxytxytx xytxyxtytx ytxy 000,000 000,000 includes grants and donations and invoiced sales Xytxytxytx xytxyxtytx ytxy 000,000 000,000 of goods and services, excluding value added tax. Subtotal 000,000 000,000

Subtotal ~~(i) Grants and donations~~

000,000 000,000 000,000 000,000 ~~(iii) Interest~~ Bank interest is recognised on a receivable basis.000,000 0,000,000 0,000,000 0,000,000

Total Expenditure Grants and donations are accounted for in the year 000,000 000,000 in which they are receivable.

(iv) Merchandise and film sales

Num rerchil lorerum, ut licate etumqui debisqu odignimodi omniend andus, sapidi temporis endebis dioremqui re sition Statutory grants are accounted for when there Income from commercial trading activities is

es delest, nonsequis alis quiatinctae plaborporunt moloriorrum comnieniscil illupid ucientibusam ium et eiumqua sperum is evidence of entitlement to the funds, receipt recognised as earned, as the related goods and

dolende voluptat quas doluptat.is probable, and the amount can be measured services are provided. It eum facea nim rectetus et expel mos aliqui a volor secaece raeperum vent dolenda solorrunt omnim faccatur, ommo reliably.

(v) Foreign currencies

omnim rem voluptatur, odis auta id que am que nullend ucilitat pa simus, impeliae cor aut eium qui ne ea ped ex estrum doluptatur ratur, andit vendaeped molorehent vernatintur?Other grants are recognised when receivable Transactions in foreign currencies are translated unless performance-related conditions apply, at the exchange rates ruling at the date of the in which case the grant is recognised when the transaction. Monetary assets and liabilities in conditions for receipt have been complied with. foreign currencies are translated at the rates of

Transactions in foreign currencies are translated at the exchange rates ruling at the date of the transaction. Monetary assets and liabilities in foreign currencies are translated at the rates of exchange ruling at the balance sheet dates. All exchange differences are dealt with through the Statement of Financial Activities.

Grants relating to future periods are deferred and recognised in those future accounting periods that they relate to.

(vi) Tangible fixed assets and depreciation

(ii) Legacies

Depreciation is calculated to write down the cost less estimated residual value of tangible fixed assets held for charitable use by equal annual instalments over their expected useful economic lives. The rates generally applicable on a straight-

Legacies are recognised following probate and once there is sufficient evidence that receipt is probable, and the amount of the legacy receivable can be measured reliably. Where entitlement

44

Environmental Investigation Agency UK

ENVIRONMENTAL INVESTIGATION AGENCY (UK) LTDENVIRONMENTAL INVESTIGATION AGENCY UK NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017FOR THE YEAR ENDED 31 DECEMBER 2023

line basis are:

– ~~0. Xytxtyxty xtyxtxxty xtyxtfyxty~~ Furniture 25 per cent

Support costs comprise all other overhead costs for the running of the organisation in fulfilment of its charitable objectives. These costs are apportioned on a reasonable basis as determined by the Xytxytxyt Xytxytxy Xytxytt Xytxyt Trustees.0000 0000 0000 0000

Equipment – 33 per cent

Field equipment – 50 per centXytxytxyt Xytxytxyt 0000 0000 All tangible fixed assets costing more than £500 Xytxytxytxyxtytxx are capitalised at their cost to the organisation. Xytxytxytx xytxyxtytx ytxy 000,000 000,000

(x) Value Added Tax

000,000 000,000 000,000 000,000 The Charity is not registered for VAT and accordingly, where applicable, all expenditure 000,000 000,000 000,000 000,000 incurred is inclusive of VAT.000,000 000,000 000,000 000,000 000,000 000,000 000,000 000,000

000,000 000,000

Xytxytxytx xytxyxtytx ytxy (vii) Leasing commitments

Xytxytxytx xytxyxtytx ytxy Rentals payable under operating leases, including 000,000 000,000 Xytxytxytx xytxyxtytx ytxy any lease incentives received, are charged against 000,000 000,000 Xytxytxytx xytxyxtytx ytxy income on a straight-line basis over the lease 000,000 000,000 Xytxytxytx xytxyxtytx ytxy term, except where another more systematic 000,000 000,000 basis is more representative of the time pattern in Xytxytxytx xytxyxtytx ytxy which economic benefits from the lease asset are 000,000 000,000 Xytxytxytx xytxyxtytx ytxy consumed. 000,000 000,000 Xytxytxytx xytxyxtytx ytxy 000,000 000,000

(xi) Grants payable 000,000 000,000 000,000 000,000 Grants are recognised when they become due 000,000 000,000 000,000 000,000 for payment. Included within the Statement of 000,000 000,000 000,000 000,000 Financial Activities is the cost of grant instalments 000,000 000,000 000,000 000,000 that are payable to implementing partner organisations. 000,000 000,000 000,000 000,000 000,000 000,000 000,000 000,000 (xii) Fund accounting 000,000 000,000 000,000 000,000 ~~Designated funds are unrestricted funds~~ earmarked for 000,000 particular 000,000 purposes. The aim and 000,000 000,000 use of the fund is set out in the reserves policy and the notes to the financial statements.000,000 0,000,000 0,000,000 0,000,000

Xytxytxytx xytxyxtytx ytxy (viii) Other financial instruments 000,000 000,000

Xytxytxytx xytxyxtytx ytxy The charity only has financial assets and financial 000,000 000,000 ~~liabilities of a kind that qualify as basic fnancial~~ Subtotal instruments. 000,000 000,000

Total Income 000,000 000,000

Cash and cash equivalents

Cash and cash equivalents include cash at banks Xytxytxyxxtyxtxand in hand and short-term deposits with a Xytxytxytx xytxyxtytx ytxy maturity date of three months or less. 000,000 000,000

Unrestricted funds are donations and other incoming resources received or generated for 000,000 000,000 000,000 000,000 expenditure on general charitable objectives. 000,000 000,000 000,000 000,000

000,000 000,000

Xytxytxytx xytxyxtytx ytxy

Debtors and creditors Xytxytxytx xytxyxtytx ytxy 000,000 000,000 Debtors and creditors receivable or payable within Xytxytxytx xytxyxtytx ytxy 000,000 000,000 one year of the reporting date are carried at their Xytxytxytx xytxyxtytx ytxy 000,000 000,000 transaction price. Debtors and creditors that Xytxytxytx xytxyxtytx ytxy are receivable or payable in more than one year 000,000 000,000 Xytxytxytx xytxyxtytx ytxy and not subject to a market rate of interest are 000,000 000,000 Xytxytxytx xytxyxtytx ytxy measured at the present value of the expected 000,000 000,000 Xytxytxytx xytxyxtytx ytxy future receipts or payment discounted at a market 000,000 000,000 rate of interest. Xytxytxytx xytxyxtytx ytxy 000,000 000,000 Xytxytxytx xytxyxtytx ytxy 000,000 000,000

000,000 000,000 000,000 000,000 Restricted funds are donations received from a donor who has specified a particular project or area 000,000 000,000 000,000 000,000 000,000 000,000 000,000 000,000 of work to which the donation should be allocated. 000,000 000,000 000,000 000,000

Critical accounting estimates and areas of 000,000 000,000 000,000 000,000 judgement000,000 000,000 000,000 000,000 In preparing financial statements it is necessary 000,000 000,000 000,000 000,000 to make certain judgements, estimates and 000,000 000,000 000,000 000,000 assumptions that affect the amounts recognised 000,000 000,000 000,000 000,000 in the fnancial statements. The following judgements and estimates are considered by the 000,000 000,000 000,000 000,000 ~~Trustees to have the most signifcant effect on~~ amounts recognised in the financial statements. 000,000 0,000,000 0,000,000 0,000,000

Xytxytxytx xytxyxtytx ytxy

(ix) Taxation

Subtotal The Charity’s income primarily comprises grants 000,000 000,000 ~~and donations which are not subject to tax and~~ Total Expenditure therefore there is no tax liability arising in the year. 000,000 000,000

Depreciation and amortisation charges are based on the estimated useful life of the assets held

Expenditure

Num rerchil lorerum, ut licate etumqui debisqu odignimodi omniend andus, sapidi temporis endebis dioremqui re sition Expenditure, which is charged on an accruals on the estimated useful life of the assets held es delest, nonsequis alis quiatinctae plaborporunt moloriorrum comnieniscil illupid ucientibusam ium et eiumqua sperum basis, is allocated between: dolende voluptat quas doluptat.

Legacies are recognised following probate and It eum facea nim rectetus et expel mos aliqui a volor secaece raeperum vent dolenda solorrunt omnim faccatur, ommo • expenditure incurred directly in the effort to once there is sufficient evidence that receipt is omnim rem voluptatur, odis auta id que am que nullend ucilitat pa simus, impeliae cor aut eium qui ne ea ped ex estrum raise voluntary contributions (cost of generating probable, and the amount of the legacy receivable dolf u ptatur ratur, andit vendaeped molorehent vernatintur?nds) can be measured reliably.

Charitable expenditure comprises all the expenditure incurred in furtherance of the charitable objectives and is analysed between:

45

2023 ANNUAL REPORT AND ACCOUNTS

ENVIRONMENTAL INVESTIGATION AGENCY (UK) LTDENVIRONMENTAL INVESTIGATION AGENCY UK NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017FOR THE YEAR ENDED 31 DECEMBER 2023

~~0 Xxtxtxt xtxft~~
2
ANALYSIS OF INCOME		 Unrestricted
£
Restricted
£
2023
£
2022
£
~~. yyy yy~~
Xytxytxyt
Xytxytxyt
Xytxytxyt
Xytxytxy
Xytxytt
Xytxyt
0000
0000
0000
0000
0000
0000
Xytxytytxyxtyxtx
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
~~000,000~~
~~000,000~~
~~000,000~~
~~000,000~~
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
~~000,000~~
~~000,000~~
~~000,000~~
~~000,000~~
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
~~000,000~~
~~000,000~~
~~000,000~~
~~000,000~~
(i)
Donations & Legacies
Legacies
338,303
-
338,303
69,547
Donations
1,005,703
37,109
1,042,812
351,023
Gifts in Kind
58,370
-
58 37
81,5 0
1,402,376
37,109
1,439,485
502,070
Gifts in kind comprises Google advertising valued at £81,500.
(ii)
Activities for generating funds
Film sales and other related activities
6,089
-
6,089
-
(iii)
Investment income
Bank Interest
13,032
-
13,032
1,142
Xytxytxyt
Xytxytxy
Xytxytt
Xytxyt
338,303
-
338,303
69,547
0000
0000
0000
0000
1,005,703
37,109
1,042,812
351,023
000,000
000,000
000,000
000,000
58,370
-
58 37
81,5 0
000,000
000,000
000,000
000,000




1,402,376
37,109
1,439,485
502,070
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000




6,089
-
6,089
-
~~000,000~~
~~000,000~~
~~000,000~~
~~000,000~~
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000




13,032
-
13,032
1,142
~~000,000~~
~~000,000~~
~~000,000~~
~~000,000~~
Subtotal
000,000
000,000
~~(iv)~~
~~Other income~~


000,000
000,000
000,000
000,000
Total Income
000,000
000,000
Xytxytxytxyytxytxytx
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
000,000
000,000
Business income - provision of consultancy services		 ~~000000~~
~~0000000~~
~~0000000~~
~~0000000~~
150
-
150
9,849
~~,~~
~~,,~~
~~,,~~
~~,,~~
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
Subtotal
000,000
000,000		 000,000
000,000
000,000
000,000
Total Expenditure
000,000
000,000
000,000
0,000,000
0,000,000
0,000,000
Num rerchil lorerum, ut licate etumqui debisqu odignimodi omniend andus, sapidi temporis endebis dioremqui re sition
es delest, nonsequis alis quiatinctae plaborporunt moloriorrum comnieniscil illupid ucientibusam ium et eiumqua sperum
dolende voluptat quas doluptat.

It eum facea nim rectetus et expel mos aliqui a volor secaece raeperum vent dolenda solorrunt omnim faccatur, ommo omnim rem voluptatur, odis auta id que am que nullend ucilitat pa simus, impeliae cor aut eium qui ne ea ped ex estrum doluptatur ratur, andit vendaeped molorehent vernatintur?

46

Environmental Investigation Agency UK

ENVIRONMENTAL INVESTIGATION AGENCY UK(UK) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 20 1723

(v) Project Grants

~~Year to 31 December 2023 0. Xytxtyxty xtyxtxxty xtyxtfyxty~~

Xytxytxyt
Xytxytxyt
Xytxytxyt
Xytxytxy
Xytxytt
Xytxyt
0000
0000
0000
0000
0000
0000
Xytxytxytxyxtytxx
Funder
Tigers
Ocean
Ocean
(Global
Plastics)
Climate
Elephants
Forests
Pangolins
Intelligence/
Investigations
Wildlife
£
£
£
£
£
£
£
£
£		 Xytxytxyt
Xytxytxyt
Xytxytxyt
Xytxytxy
Xytxytt
Xytxyt
0000
0000
0000
0000
0000
0000
Xytxytxytxyxtytxx
Funder
Tigers
Ocean
Ocean
(Global
Plastics)
Climate
Elephants
Forests
Pangolins
Intelligence/
Investigations
Wildlife
£
£
£
£
£
£
£
£
£		 Xytxytxyt
Xytxytxyt
Xytxytxyt
Xytxytxy
Xytxytt
Xytxyt
0000
0000
0000
0000
0000
0000
Xytxytxytxyxtytxx
Funder
Tigers
Ocean
Ocean
(Global
Plastics)
Climate
Elephants
Forests
Pangolins
Intelligence/
Investigations
Wildlife
£
£
£
£
£
£
£
£
£		 2023
£
Xytxytxytx xytxyxtytx ytxy 000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
Xytxytxytx xytxyxtytx ytxy
Alan Turing
Institute
3,758		 000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000		 3,758
Xytxytxytx xytxyxtytx ytxy
Bureau of		 000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
International		 000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
Xytxytxytx xytxyxtytx ytxy
Narcotics and
Law Enforcement		 000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
510,655		 510,655
Xytxytxytx xytxyxtytx ytxy
Affairs		 000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy 000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
Centre for		 000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
Subtotal
Biological
~~Diversity~~		 761 000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
 761
Total Income
Xytxytxyxxtyxtx
Centre for
International
Environmental
Law*		 000,000
000,000
000,000
0,000,000
0,000,000
0,000,000
171,224		 171,224
Xytxytxytx xytxyxtytx ytxy 000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
Children’s		 000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
Inves ment Fund		 000,000
000,000
000,000
000,000
000,000
000,000
884,232		 884,232
Xytxytxytx xytxyxtytx ytxy
Foundation		 000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
ClimateWorks		 000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
Xytxytxytx xytxyxtytx ytxy
Xytxytxytx xytxyxtytx ytxy
Foundation (KCEP
PL & MF)		 000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
84,739		 84,739
Xytxytxytx xytxyxtytx ytxy
David Shepherd		 000,000
000,000
000,000
000,000
000,000
000,000
Xytxytxytx xytxyxtytx ytxy
Wildlife
20,000		 000,000
000,000
000,000
000,000
000,000
000,000
30,000		 50,000
Xytxytxytx xytxyxtytx ytxy
Foundation		 000,000
000,000
000,000
000,000
000,000
000,000
Subtotal
Department for		 000,000
000,000
000,000
000,000
000,000
000,000
Total Expenditure
Environment,
Food & Rural
228,980		 000,000
000,000
000,000
0,000,000
0,000,000
0,000,000
54,418
252,784		 536,182
Num rerchil lorerum, ut licate etumqui debisqu odignimodi omniend andus, sapidi temporis endebis dioremqui re sition
es delest, nonsequis alis quiatinctae plaborporunt moloriorrum comnieniscil illupid ucientibusam ium et eiumqua sperum
Affairs
Deutsche
dolende voluptat quas doluptat.
Gesellschaft fur
It eum facea nim rectetus et expel mos aliqui a volor secaece raeperum vent dolenda solorrunt omnim faccatur, ommo
omnim rem voluptatur, odis auta id que am que nullend ucilitat pa simus, impeliae cor aut eium qui ne ea ped ex estrum
Internationale
Zusammenarbeit
43,569		 43,569
doluptatur ratur, andit vendaeped molorehent vernatintur?
(GIZ) GmbH
EIA US
48,491
189,426
EJF
Philanthropies
63,898
Elephant Crisis
Fund
38,862
Ernest Kleinwort
Charitable Trust
60,000
Japan Animal
Welfare Society
10,000		 237,917
63,898
38,862
60,000
10,000

47

2023 ANNUAL REPORT AND ACCOUNTS

ENVIRONMENTAL INVESTIGATION AGENCY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

(v) Project Grants (cont’d)

----- Start of picture text -----
Year to 31 December 2023
Tigers Ocean Ocean Climate Elephants Forests Pangolins Intelligence/ Wildlife 2023
Funder (Global Investigations
Plastics)
£ £ £ £ £ £ £ £ £ £
John Ellerman
64,159 64,159
Foundation
Lilongwe Wildlife
30,896 30,896
Trust
Norwegian
Agency for
151,736 151,736
Development
Cooperation
Oak Foundation 40,543 40,543
Plastic Solutions
272,539 272,539
Fund
Roger Raymond
10,000 10,000
Trust
Royal United
2,932 1,335 4,267
Services Institute
Rufford
25,000 25,000 50,000
Foundation
Save the Rhino
30,024 30,024
International
Schwab
460,778 460,778
Charitable Fund
Sequoia Climate
419,161 419,161
Fund
Swedish Postcode
109,201 109,201
Lottery
Waterloo
70,000 70,000
Foundation
WWF 3,890 3,890
Zero Waste
88,257 88,257
Europe
367,762 482,605 443,763 1,848,910 214,804 259,426 30,000 90,539 763,439 4,501,248
----- End of picture text -----

** A funding initiative under the Wildlife Conservation Network

48

Environmental Investigation Agency UK

ENVIRONMENTAL INVESTIGATION AGENCY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

(v) Project Grants (cont’d)

----- Start of picture text -----
Year to 31 December 2022
Ocean
Anti-Money
Funder Tigers Ocean (Global Climate Elephants Forests Pangolins Wildlife 2022
Laundering
Plastics)
£ £ £ £ £ £ £ £ £ £
Alan Turing
17,742 17,742
Institute
BAND
108,885 108,885
Foundation
Big Cat Rescue 6,773 6,773
Bureau of
International
Narcotics
466,604 466,604
and Law
Enforcement
Affairs
Center for
International
81,691 81,691
Environmental
Law
ClimateWorks
Foundation 84,739 84,739
(KCEP PL & MF)
David Shepherd
Wildlife 17,500 44,910 62,410
Foundation
Department for
Environment,
206,199 (9) 45,554 193,742 445,486
Food & Rural
Affairs
EIA US 35,000 228,891 263,891
EJF
39,315 39,315
Philanthropies
Elephant Crisis
111,105 111,105
Fund
Ernest Kleinwort
60,000 60,000
Charitable Trust
Foreign,
Commonwealth
1,001,664 1,001,664
& Development
Office
John Ellerman
73,266 73,266
Foundation
Network for
8,100 8,100
Social Change
----- End of picture text -----*

49

2023 ANNUAL REPORT AND ACCOUNTS

ENVIRONMENTAL INVESTIGATION AGENCY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

(v) Project Grants (cont’d)

----- Start of picture text -----
Year to 31 December 2022
Ocean
Anti-Money
Funder Tigers Ocean (Global Climate Elephants Forests Pangolins Wildlife 2022
Laundering
Plastics)
£ £ £ £ £ £ £ £ £ £
Norwegian
Agency for
5,672 5,672
Development
Cooperation
Oak Foundation 150,000 150,000
Pangolin Crisis
5,308 68,437 36,373 110,118
Fund
Plastic Solutions
355,828 355,828
Fund
Royal United
Services 6,500 6,500
Institute
Rufford
25,009 24,991 50,000
Foundation
Schwab
428,466 428,466
Charitable Fund
Sequoia Climate
643,490 643,490
Fund
Swedish
159,160 159,160
Postcode Lottery
Zero Waste
71,412 71,412
Europe
333,223 344,510 437,519 1,156,695 446,104 1,230,555 113,338 53,654 696,719 4,812,317
----- End of picture text -----**

50

Environmental Investigation Agency UK

ENVIRONMENTAL INVESTIGATION AGENCY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

----- Start of picture text -----
2023 2022
3 RAISING FUNDS
£ £
Fundraising and Publicity 262,490 176,706
Support Costs 61,327 32,883
Total 323,817 209,589
4 (i) CHARITABLE ACTIVITIES
The amount spent on charitable activities is analysed across projects as follows:
Year to 31 December 2023 2023
Support & Grants Direct
Total
Governance Payable Expenditure
£ £ £ £
Tigers 45,563 - 188,117 233,680
Tigers (DEFRA) 44,536 53,088 140,258 237,882
Pangolins 29,229 - 118,494 147,723
Intelligence & Investigations 27,540 1,450 115,434 144,424
Elephants 82,543 - 344,508 427,051
Wildlife - INL 104,049 104,248 342,933 551,230
Wildlife - Defra West & Central Africa 46,731 8,326 193,438 248,495
Wildlife - Other 1,574 - 7,556 9,130
Ocean 48,132 - 197,098 245,230
Ocean (Global Plastics) 98,395 75,500 358,463 532,358
Ocean (Waste Trade) 28,351 21,750 101,401 151,502
Ocean (Norad) 23,318 - 104,366 127,684
Climate - CIFF 33,180 - 142,311 175,491
Climate - CWF 18,624 - 77,364 95,988
Climate - Sequoia Climate Fund 120,212 262,000 279,841 662,053
Climate - Schwab Charitable Fund 86,330 260,000 133,081 479,411
Forests - FCDO 35,971 - 148,856 184,827
Forests - NORAD (2021/25 Year 1) 50,092 54,691 162,447 267,230
Forests - Waterloo 11,977 35,521 18,812 66,310
Total 936,347 876,574 3,174,778 4,987,699
----- End of picture text -----

51

2023 ANNUAL REPORT AND ACCOUNTS

ENVIRONMENTAL INVESTIGATION AGENCY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

CHARITABLE ACTIVITIES (cont’d)

----- Start of picture text -----
Year to 31 December 2022 2022
Support & Grants Direct
Total
Governance Payable Expenditure
£ £ £ £
Tigers 25,570 7,013 129,927 162,510
Tigers (DEFRA) 33,336 61,898 124,195 219,429
Pangolins 15,617 (10) 81,675 97,282
Intelligence & Investigations 8,493 7,972 37,834 54,299
Elephants 70,020 - 374,553 444,573
Wildlife - INL 76,448 74,411 339,597 490,456
Wildlife - Defra West & Central Africa 22,049 8,084 104,687 134,820
Wildlife - Other 10,227 5,500 56,227 71,954
Ocean 30,399 - 160,314 190,713
Ocean (Global Plastics) 47,827 33,000 232,773 313,600
Ocean (Waste Trade) 1,380 - 7,623 9,003
Ocean (Norad) 990 - 5,301 6,291
Climate - CIFF 28,279 - 154,685 182,964
Climate - CWF 4,091 - 21,606 25,697
Climate - Sequoia Climate Fund 67,713 239,027 165,863 472,603
Climate - Schwab Charitable Fund 63,849 263,000 114,825 441,674
Forests - FCDO 160,559 402,177 516,893 1,079,629
Forests - NORAD (2021/25 Year 1) 35,857 61,416 137,577 234,850
Total 702,704 1,163,488 2,766,155 4,632,347
----- End of picture text -----

52

Environmental Investigation Agency UK

ENVIRONMENTAL INVESTIGATION AGENCY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

----- Start of picture text -----
4(ii) Charitable Activites were funded as follows:
The expenditure below sets out the costs incurred on charitable activities disclosing the amounts funded by
general unrestricted and restricted funds.
Year to 31 December 2023 Unrestricted Restricted 2023
£ £ £
Tigers 40,321 193,359 233,680
Tigers (DEFRA) 23,334 214,548 237,882
Pangolins 25,638 122,085 147,723
Intelligence & Investigations 46,908 97,516 144,424
Elephants 73,625 353,426 427,051
Wildlife - INL 54,377 496,853 551,230
Wildlife - Defra West & Central Africa 11,499 236,996 248,495
Wildlife - Other 1,574 7,556 9,130
Ocean 45,845 199,385 245,230
Ocean (Global Plastics) 28,695 503,663 532,358
Ocean (Waste Trade) 9,725 141,777 151,502
Ocean (Norad) 15,909 111,775 127,684
Climate - CIFF 13,309 162,182 175,491
Climate - CWF 5,153 90,835 95,988
Climate - Sequoia Climate Fund 42,918 619,135 662,053
Climate - Schwab Charitable Fund 27,157 452,254 479,411
Forests - FCDO 177,319 7,508 184,827
Forests - NORAD (2021/25 Year 1) 54,784 212,446 267,230
Forests- Waterloo 9,846 56,464 66,310
Total 707,936 4,279,763 4,987,699
Year to 31 December 2022 Unrestricted Restricted 2022
£ £ £
Tigers 19,968 142,542 162,510
Tigers (DEFRA) 15,296 204,133 219,429
Pangolins 9,462 87,820 97,282
Intelligence & Investigations 10,665 43,634 54,299
Elephants 27,883 416,690 444,573
Wildlife - INL 23,851 466,605 490,456
Wildlife - Defra West & Central Africa (1,366) 136,186 134,820
Wildlife - Other 5,318 66,636 71,954
Ocean 23,467 167,246 190,713
Ocean (Global Plastics) 10,745 302,855 313,600
Ocean (Waste Trade) 237 8,766 9,003
Ocean (Norad) 619 5,672 6,291
Climate - CIFF 5,388 177,576 182,964
Climate - CWF 850 24,847 25,697
Climate - Sequoia Climate Fund 6,961 465,642 472,603
Climate - Schwab Charitable Fund 6,855 434,819 441,674
Forests - FCDO 84,678 994,951 1,079,629
Forests - NORAD (2021/25 Year 1) 28,978 205,872 234,850
Total 279,855 4,352,492 4,632,347
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2023 ANNUAL REPORT AND ACCOUNTS

ENVIRONMENTAL INVESTIGATION AGENCY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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Office
4(iii) SUPPORT COSTS Staff IT Premises Costs & Governance 2023 2022
Sundries
£ £ £ £ £ £ £
Tigers 25,466 1,718 6,375 11,042 961 45,562 25,571
Tigers (DEFRA) 26,174 1,766 4,258 11,349 989 44,536 33,337
Pangolins 16,041 1,082 4,545 6,956 605 29,229 15,615
Intelligence & Investigations 15,823 1,068 3,191 6,861 597 27,540 8,493
Elephants 46,638 3,146 10,775 20,223 1,761 82,543 70,019
Wildlife - INL 60,537 4,084 10,892 26,249 2,287 104,049 76,447
Wildlife - Defra West & Central
27,314 1,843 4,698 11,844 1,032 46,731 22,050
Africa
Wildlife - Other 1,023 69 - 443 39 1,574 10,227
Ocean 26,682 1,800 7,072 11,570 1,008 48,132 30,399
Ocean (Global Plastics) 58,747 3,963 7,992 25,474 2,219 98,395 47,827
Ocean (Waste Trade) 16,671 1,125 2,696 7,229 630 28,351 1,380
Ocean (Norad) 14,129 953 1,576 6,126 534 23,318 991
Climate - CIFF 19,265 1,300 3,533 8,354 728 33,180 28,279
Climate - CWF 10,473 707 2,508 4,542 396 18,626 4,090
Climate - Sequoia Climate Fund 73,351 4,949 7,335 31,806 2,771 120,212 67,714
Climate - Schwab Charitable Fund 53,213 3,590 4,443 23,074 2,010 86,330 63,850
Forests - FCDO 20,151 1,360 4,962 8,738 761 35,972 160,558
Forests - NORAD (2021/25 Year 1) 29,395 1,983 4,857 12,746 1,110 50,091 35,857
Forests - Waterloo 7,355 496 658 3,189 278 11,976 -
Total support costs charged to
548,448 37,002 92,366 237,815 20,716 936,347 702,704
charitable activities
Total support costs charged to
35,534 2,397 6,645 15,409 1,342 61,327 32,883
fundraising activities
Total Support Costs 583,982 39,399 99,011 253,224 22,058 997,674 735,587
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Support costs are allocated on the basis of expenditure ratios and staff numbers where appropriate.

Support costs include donated services recognised as Gifts in Kind in the sum of £58,370 for google advertising grants and legal services.

54

Environmental Investigation Agency UK

ENVIRONMENTAL INVESTIGATION AGENCY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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2023 2022
4(iv) GOVERNANCE COSTS
£ £
Audit costs - fees for the current year 17,670 14,454
Audit costs - in respect of other fees - 1,920
Legal and professional fees 1,458 1,350
Other consultancy costs 2,872 2,990
Trustees' expenses 58 2,587
Total 22,058 23,301
Governance costs are allocated within support costs and charged to charitable and fundraising activities.
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4(v) GRANTS PAYABLE

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The following material grants were paid during the year:
2023 2022
£ £
Africa Nature Investors (ANI) Foundation 83,356 80,147
2Celsius 103,000 104,000
BRIDGE 11,157 18,664
Centre Agile 23,500 5,000
Centre for International Environmental Law 21,750 -
Deutsche Umwelthilfe e.V. 115,000 114,000
Education for Nature Vietnam 32,374 32,742
EIA US 83,000 357,899
European Environmental Bureau 47,000 44,027
European Environmental Citizens' Organisation for Standardisation 20,000 20,000
Food & Water Watch 94,000 95,000
Fundación Ecologia y Desarrollo (ECODES) 20,000 20,000
Justice for Wildlife Malaysia 1,450 7,971
League for the Environment - Legambiente 20,000 20,000
MarViVa Foundation 52,000 28,000
Natural Resource Conservation Network - (10)
Telapak 79,055 152,030
WildAid 29,218 7,849
Wildlife Friends Foundation of Thailand 20,714 36,169
ZERO 20,000 20,000
Total Grants 876,574 1,163,488
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2023 ANNUAL REPORT AND ACCOUNTS

ENVIRONMENTAL INVESTIGATION AGENCY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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2023 2022
5 NET INCOMING RESOURCES
£ £
Net incoming resources are stated after:
Auditors' remuneration - current year 14,725 12,045
Auditors' remuneration - in respect of other services 1,215 2,725
Trustees' emoluments - 7,130
Depreciation of fixed assets 20,924 20,137
2023 2022
6 TRUSTEES’ REMUNERATION
£ £
Trustees' emoluments - 7,130
In 2022, a trustee who had previously been renumerated as an employee, with the approval of the Charity
Commission, acted in the capacity of a consultant to assist with the transition of her long-term work to a new
member of staff.
7 STAFF COSTS No. No.
The average number of employees was 62 51
Staff costs including Trustees' remuneration were as follows: £ £
Staff on UK payroll
Wages and salaries 2,101,899 1,656,332
Social Security costs 221,740 186,052
Pension costs 112,537 83,907
WFH allowances 24,922 13,819
Sub Total 2,461,098 1,940,110
Other Salary Costs 486,279 395,186
Training and recruitment Costs 57,632 40,264
3,005,009 2,375,560
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Pension costs represent contributions to a personal pension scheme and payments as a result of auto enrolment.

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Environmental Investigation Agency UK

ENVIRONMENTAL INVESTIGATION AGENCY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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7 STAFF COSTS (cont’d) .
The number of employees with emoluments above £60,000
2023 2022
were:
£60,000 - £69,999 3 2
£70,000 - £79,999 1 1
£80,000 - £89,999 1 -
Employer’s pension contribution in respect of higher paid employees in 2023 totalled £25,225 (2022: £16,649)
The key management personnel of the charity comprise the Executive Director and Campaigns Director. The
total cost of employing key management personnel in the year was £188,384 (2022: £175,209)
The above staff costs include employer’s national insurance costs and employer pension contributions.
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8 FIXED ASSETS 2023 2022
Furniture and Equipment Furniture and Equipment
£ £
Cost at 1 January 2023 233,766 214,576
Additions 37,610 21,873
Disposals 43,993 2,683
Cost at 31 December 2023 227,383 233,766
Depreciation at 1 January 2023 205,173 187,719
Charge for the period 20,924 20,137
Disposals 43,993 2,683
Depreciation at 31 December 2023 182,104 205,173
Net Book Value at 31 December 2023 45,279 28,593
Net Book Value at 31 December 2022 28,593 26,857
9 DEBTORS 2023 2022
£ £
Grants due from EIA US - 1,826
Other debtors 40,409 73,354
Prepayments 43,674 20,535
Accrued income 329,354 493,635
Total 413,437 589,350
Included in other debtors is a rent deposit of £12,250 on which the property landlords have a legal charge.
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2023 ANNUAL REPORT AND ACCOUNTS

ENVIRONMENTAL INVESTIGATION AGENCY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

10 CREDITORS: Amounts falling due within one year

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2023 2022
£ £
Trade creditors 61,885 52,935
Taxes and Social Security 87,894 66,785
Accruals 76,910 230,052
Deferred income 221,333 155,072
Pension liability 2,464 12,575
Other creditors 825 39,828
Total 451,311 557,247
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11 RESTRICTED FUNDS

----- Start of picture text -----
Other
Grants Support &
Balance b/f Income Staff Costs Direct Transfers Balance c/f
Payable Governance
Costs
Year to 31
£ £ £ £ £ £ £ £
December 2023
Tigers 63,001 138,781 169,957 - 10,318 13,083 - 8,424
Tiger (DEFRA) 2,066 228,980 118,860 53,088 21,202 21,398 - 16,498
Pangolins 91,394 50,700 109,644 - 3,591 8,850 - 20,009
Intelligence &
9,538 90,538 45,861 1,450 8,507 41,697 (2,352) 209
Investigations
Elephants 283,048 214,805 297,512 - 8,918 46,997 - 144,426
Wildlife - INL - 510,655 286,722 104,248 49,672 56,211 (3,583) 10,219
Wildlife - Defra
West & Central 70,257 252,784 141,100 8,326 35,231 52,340 - 86,044
Africa
Wildlife - Other 19,263 - - - - 7,556 - 11,707
Ocean 48,501 238,078 150,972 - 21,009 27,403 - 87,195
Ocean (Global
217,626 443,763 278,702 75,500 69,700 79,760 - 157,727
Plastics)
Ocean (Waste
150,394 109,201 81,826 21,750 18,626 19,575 (1,023) 116,795
Trade)
Ocean (Norad) - 151,736 61,121 - 7,409 43,245 (1,471) 38,490
Climate - CIFF 630 884,232 110,750 - 19,871 31,561 (1,297) 721,383
Climate - CATF 1,362 - - - - - - 1,362
Climate - CWF 59,973 84,739 72,062 - 13,471 5,304 (1,496) 52,379
Climate -
617,738 419,161 250,910 262,000 77,294 28,931 - 417,764
Sequoia Climate
Fund
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58

Environmental Investigation Agency UK

ENVIRONMENTAL INVESTIGATION AGENCY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

11 RESTRICTED FUNDS (cont’d)

----- Start of picture text -----
Other
Grants Support & Balance
Balance b/f Income Staff Costs Direct Transfers
Payable Governance c/f
Costs
Year to 31
£ £ £ £ £ £ £ £
December 2023
Climate
72,293 460,778 110,968 260,000 59,173 22,114 - 80,816
- Schwab
Charitable Fund
Forests - FCDO 7,508 - 7,508 - - - - -
Forests -
23,020 189,426 135,691 54,691 7,512 14,552 - -
NORAD (2021/25
Year 1)
Forests - - 70,000 18,802 35,521 2,130 10 - 13,537
Waterloo
Total 1,737,612 4,538,357 2,448,968 876,574 433,634 520,587 (11,222) 1,984,984
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Included in the Statement of Financial Activities are funds which have been restricted by the donor for the projects listed above.

Transfers represent fixed assets acquired which have been funded by restricted funds.

11 RESTRICTED FUNDS (cont’d)

----- Start of picture text -----
Other
Grants Support & Balance
Balance b/f Income Staff Costs Direct Transfers
Payable Governance c/f
Costs
Year to 31
£ £ £ £ £ £ £ £
December 2022
Tigers 63,845 141,698 111,475 7,013 11,804 12,250 - 63,001
Tiger (DEFRA) - 206,199 92,684 61,898 18,040 31,511 - 2,066
Pangolins 65,876 113,338 60,166 (10) 6,154 21,510 - 91,394
Intelligence &
- 55,520 31,535 7,972 3,496 631 (2,348) 9,538
Investigations
Elephants 256,280 446,104 295,168 - 42,138 79,384 (2,646) 283,048
Wildlife - INL - 466,605 264,106 74,411 52,596 75,492 - -
Wildlife - Defra
12,701 193,742 98,358 8,084 23,415 6,329 - 70,257
West & Central
Africa
Wildlife - Other 49,526 36,373 43,242 5,500 4,909 12,985 - 19,263
Ocean 36,019 180,728 138,653 - 18,120 10,473 (1,000) 48,501
Ocean (Global 84,371 437,518 192,797 33,000 37,083 39,975 (1,408) 217,626
Plastics)
Ocean (Waste - 159,160 3,630 - 1,143 3,993 - 150,394
Trade)
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59

2023 ANNUAL REPORT AND ACCOUNTS

ENVIRONMENTAL INVESTIGATION AGENCY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

----- Start of picture text -----
11 RESTRICTED FUNDS (cont’d)
Other
Grants Support & Balance
Balance b/f Income Staff Costs Direct Transfers
Payable Governance c/f
Costs
Year to 31
£ £ £ £ £ £ £ £
December 2022
Ocean (Norad) - 5,672 3,905 - 371 1,396 - -
Climate - CIFF 181,004 - 135,520 - 22,891 19,165 (2,798) 630
Climate - CATF 1,362 - - - - - - 1,362
Climate - CWF 82 84,738 16,145 - 3,241 5,461 - 59,973
Climate -
441,126 643,490 154,482 239,027 60,752 11,381 (1,236) 617,738
Sequoia Climate
Fund
Climate
78,646 428,466 102,715 263,000 56,994 12,110 - 72,293
- Schwab
Charitable Fund
Forests - FCDO 1,977 1,001,664 428,559 402,177 75,880 88,335 (1,182) 7,508
Forests -
- 228,892 117,290 61,416 6,879 20,287 - 23,020
NORAD (2021/25
Year 2)
Total 1,272,815 4,829,907 2,290,430 1,163,488 445,906 452,668 (12,618) 1,737,612
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Included in the Statement of Financial Activities are funds which have been restricted by the donor for the projects listed above.

Transfers represent fixed assets acquired which have been funded by restricted funds.

12 UNRESTRICTED FUNDS

----- Start of picture text -----
Balance b/f Income Expenditure Transfers Balance c/f
£ £ £ £ £
General unrestricted Funds 886,805 1,421,647 (1,031,753) (617,778) 658,921
Total 886,805 1,421,647 -1,031,753 (617,778) 658,921
----- End of picture text -----

Transfers includes the movement of £11,222 from restricted to unrestricted funds for the purchase of fixed assets, and funds designated for specific purposes - see Note 13 for details.

60

Environmental Investigation Agency UK

ENVIRONMENTAL INVESTIGATION AGENCY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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13 DESIGNATED FUNDS
Balance b/f Income Expenditure Transfers Balance c/f
£ £ £ £ £
- - -
Fundraising programme 424,000 424,000
Organisational - - -
105,000 105,000
improvements
- - -
Employee benefits package 37,000 37,000
- - -
EIA 40th anniversary event 30,500 30,500
Funding for the totoaba - - -
32,500 32,500
project
Total - - - 629,000 629,000
----- End of picture text -----

The Board of Trustees has earmarked some of the unrestricted funds for specific purposes. Following are details of the designated funds:

Timeline (year of spend) £
Fundraising programme - an initiative to increase the
unrestricted income via individual supporter recruitment
2024 - 2026		 424,000
Organisational improvements - accounting software
upgrade costs, intelligence analysis software and HR
review
2024 - 2026		 105,000
Improving the employee benefts package
2024 - 2025		 37,000
EIA 40th anniversary event
2024		 30,500
Funding for the totoaba project
2024		 32,500
629,000

61

2023 ANNUAL REPORT AND ACCOUNTS

ENVIRONMENTAL INVESTIGATION AGENCY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

14 NET ASSETS BY FUND

----- Start of picture text -----
Designated
As at December 2023 Unrestricted funds Restricted funds Total funds
funds
£ £ £ £
Fixed assets 45,279 - - 45,279
Current assets 781,821 629,000 2,268,116 3,678,937
Current liabilities (168,179) - (283,132) (451,311)
Total 658,921 629,000 1,984,984 3,272,905
Designated
As at December 2022 Unrestricted funds Restricted funds Total funds
funds
£ £ £ £
Fixed assets 28,593 - - 28,593
Current assets 1,022,211 - 2,130,860 3,153,071
Current liabilities (163,999) - (393,248) (557,247)
Total 886,805 - 1,737,612 2,624,417
----- End of picture text -----

15 CASH HELD AS INVESTMENT

This is cash held from unrestricted reserves held for investment or other purposes rather than to meet short term cash commitments.

The cash balance of £550,000 will be used to finance some of the activity approved under designated funds (refer to Note 13).

16 CASH AT BANK AND IN HAND

Cash at bank and in hand as at 31 December 2023 amounted to £2,715,500

17 RELATED PARTIES

EIA UK co-operates with the Environmental Investigation Agency Inc, a 501(c)(3) tax exempt organisation registered in the USA.

One trustee was a director of EIA Inc. during the year but retired from EIA UK trusteeship in August 2023. During the year grant income totalling £237,917 (2022: £263,892) was receivable from EIA Inc.

EIA UK also co-operates with EIA Netherlands. A trustee that retired during the year, and two employees of EIA UK are directors of the company.

During the year EIA UK incurred costs on behalf of EIA Netherlands in the sum of £6,761 (2022: £1,146.88) for office desk space, legal and other miscellaneous expenses.

----- Start of picture text -----
|||| |---|---|---| |2023|2022| |Grants receivable from EIA Inc during the year|237,917|263,892| |Grants payable to EIA Inc during the year|83,000|357,899|

----- End of picture text -----

62

Environmental Investigation Agency UK

ENVIRONMENTAL INVESTIGATION AGENCY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

18 LEASE COMMITMENTS

a) Land and buildings

The charity entered into a lease for its office premises from 25 March 2019 for a term of five years with an annual rent of £57,950. the lease is to be renewed in the second quarter of 2024.

The remaining lease commitment payable at the year end amounted to:
2023
2022
£
£
Within 1 year
14,488
57,950
Within 1 - 2years
-
14,488
Total
14,488
72,438

b) Other lease commitments

In 2020, the charity entered into an agreement with Grenke Leasing Ltd for a new photocopier.

The charity agreed to pay £594 per quarter for a primary period of 63 months - equivalent to 21 rentals.

2023
2022
£
£
Within 1 year
2,376
2,376
Within 1 - 2years
2,376
4,752
Total
4,752
7,128

63

2023 ANNUAL REPORT AND ACCOUNTS

EIA UK

62-63 Upper Street, London N1 0NY UK T: +44 (0) 20 7354 7960 E: ukinfo@eia-international.org eia-international.org

UK Charity Number: 1182208 Company Number: 07752350 Registered in England and Wales