Compaby regrstrati nrthr 14730269 lETr9nd arKI Wales} Charity reyi5tratbJn nurnbpr1209868 IEngiaTrd arNJ Wales ICEED UK ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ICEED UK LEGAL AND ADMINISTRATIVE INFORMATION Trustaos Kitatani * Nak4"ima lan KiMibL Salo ¢ountry of In¢orporatt Uniied [1() (Engknd Wa) 147302&9 charity regBtralion ErKJarKI and Wa5 Rgglstor•d olfice Internat¥1 3&38 C(Thhll L(md EC3V 3NG Independent examlner M J BLK*ell Ud ¢>wnd Floor KiTvJs 101-135 Ki19$ Ro>Y Brent1 Essex CM144DR
ICEED UK CONTENTS Pa98 Tru5tee5 tEP( Indep8ndent exattwnerfs rewrt Slalernenl d I8718tIt Baance Sheet Notes to th8 1kn8naI siaM)8nts 6-12
ICEED UK
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
Th8 trustees wesenl t1r annual atKI Ina[ IlheYeared 31 Matth 2025.
firhonuel slolem¢nts hevc b¢en prcwred in xoyd¢Cllth •wounbry zet wt M notc 1 to ihe finynciol
sialemenLs and comkly with Ihe charivs (kxbwl. &YpTre$A 2QM)6. FRS lo2"T Fin¢1 Reporting
Standard ap[Alcab In the UK arKJ RepulC.f Irda. 1 the che5 sORP'ACrntlr and Rep(ng bYchles".
StatBment of Rettnded P[arte aP1A to thatths plepati their {niS in &ttrdanc8 wilh tha Fina
Repon9 Sidatd appltaye in Ihe UKaThJ R8wbS¢0l Iwelkl IFRS 102r.
Objectrwes and a¢ti¥th"es
ICEED UK rs a Unrt6d Natims IUNI attredit¥J th8 wrfic and 8eQ81
nditions ddwek)ped and devekping and comnwnthes by rrmtigatsro dirnale chan, devek)prwJ a new model of
economic griAth and inproving gbbal heamh thro researth on gethc5. rbi)n srity. energy security, bficIal
ielligerKtr and c4)8¢ty-bLikJing athis Ihe arns of eLtnrmit eThirenm8ntal
sustainability-
ICEED UK'5 prinupal L5 researth into arrif4 InL4lYJere. erw sectnty. suslainatxlty and related area5. 11 partners
with acadernic iTrstiiutions and retxrtaL4e IINnk tanks lo share reth de&.r rts findry5 to the International comtnunty,
to fac41italo infaM d$Ing rthy IoTftwJL8tr0n. wth m ofits advthd fThJings b6ntrfitbNJ iho
puNic.
Public btrnefft
The trustees have paid due regart to gUKla i59Jed by the Cty in deciding %Yhat arbvities Ihedwrity
should urKlÈnaktr.
A¢hlov8ments and perfomian¢o
Slgnifjoantactivits andaChven1S3ga1rtGI Dbjeclives
ICEED UK worke¢ lo woduce nurrerous resewch pys. reports aid whrtepy& ¢{gllEed and attee a rwmberof
events and rourKltables, sharing rK>Wge armj stake1on formuktion. ICEED UK'S %vork a150 Involve5
Ihe dSenati ofrp5(xJrces to Ihe bia Sal tljriny the year. 5uth al Tnedia wsts includ2d a case Study
Dai PhoNJ Fatm. as ¥¥pll as infortnafonal reS0w atKrtIlenrUrwnÈnt &onomics ar taInable tonsumeriy.
Fwthwlo ils work adSIng wywnakersaid dBwinatirMJ inforBIl0 lo wbkc 115 tK ICEED UK Cw18
to collaborate wth think tanks aThJ araderryc nstllu. A MefiKKaNJufft of Undersland9 was agreEd betw ICEED VK
8nd the Llnrftd Natity)s UAvtrsrfy IUN Unrywsityl in Nderlo tswsh 8 ¢811¥t woieci hyilhin Ihe UN e£#)sy8ltm of
org8ni88iYJnsfor Ihe womob¢M) oflhtr UN'$ LI%v1 tIples. Th mked a$vJ)ifKnirni$ttsnO duè 10 thè (xussovér
beiween thai prO¢t and ICEED UK'S obj85 and wovidesa For fL#th&rtJevekyoenl and sucteS8. AS 8
rewll of the colabuation, Impsare eKpecied to be w ltr(wghfLrther pdry remrrenaln5 tr governments.
écad8rnia frxlhe private sector. ICEED UK expeCts1h alf01 k>asstst wotrti Val for argInalISEd
CDtnTnunilE5, WDmen and irKJwenou5 peop$. FwthertTrJe. In the UN VtNver5ty, ICEED UK plans to
evelDP a FNeve1 e
ICEED UK TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 It is the poliry ofthe tJK4rity Ihatunrestricted kntKls have mttreen deSrAted kna Specif usestxiuld b8 tn?intained at a l@vd 8quiva8ntto bBiwB8n th[ and 5iX t[Klh.£ 8xP8[rtUre. Th8 that at th wll @n5urg Ihal. n the eveni of a sigDificant thop in fild9. they wil be th lo coDtinue tre chty'SaJet tle while consideration is gwen to ways in whKh lurKls rDay bE tai. Th¢s otTeseThe$ has mainiainwj 1hroughl year. Stw¢tur•, govemBnu and manaweD¢ trustees, WIK) are also the dre¢t$ fly purFW of o)nyny . Who $8ry8ddurirvJ the year 8ThJ up lo the d9 of 5ignattJreol the stalernents were. Mr Ken Kitaiani Mr cFfftsther Nak8Jink9 8r¢$118 PiÈg80 Pear Mr lan Knniburgh Ka2un80 S810 Mr K@n Kitatani Chair 23 D6¢8mb8r 2025
ICEED UK
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ICEED UK
I r8Wrt to Ihe trlee5 my exatr4nalKJn vfthe statw[LS ICEED Ln( IthB d•) Yeare[ed 31 Ma
2025.
R$sponbIllIFy arKI basls of rtport
As Ihe bust888 ofihè d)8rity l)d rtsdweC¥frJr tre ppose8 ofctmpry 1. ytyJ r8sponsth rryr815on
of lh8 finarwl stalernwts in accordarK8 with Ihe wir•rw)ts of ConwarsA¢l 2(.
satBfied trrysoWth firwnrial Ste• oftlp ch¥ity requrwl to be aLKlited Part 16
CofflpaniesAcl 2006 and are elyble for KKIeenleXaNnat. reFKKt resped of rny examinatron of the charty's
financ4al Statnei5
ICEED UK STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Uwostri¢tod unrOl¢tod fund5 funds 2025 2024 In¢omo fw: t)on8t1and 6e4.589 302.346 Totsl Incomo 684.589 302.346 ExpenthturTr on: 6e4,380 20 307,387 Other expenditure Totsl expgnthture 684,400 307.387 Net incornellexpenditurel and rrK>¥ernent inlund5 189 15.0411 RoGonGi1iao of lunds.. Fund balan ai 1 Apnl 2024 15.0411 Fund balances at 31 IAarch 2025 14.8521 15.0411 Trt stsIertt finaro¥l athitEs WdeS all 98ir6 arwj k6ses rwised in the year. incw •)d expeThJ¢ure deri¥e fr(Yn ¢ontsrvJng tMt.
ICEED UK BALANCE SHEET ASA T31 AIARCH 2025 2025 2024 Currbnt ass•ts Debto Cash 2t barth and i) ha 11 14.263 14.343 Cr&dltOV5: amowtsfalllng th• within on• yEar 12 119.1951 15.0411 Net currenl Ilabllltles 14.852} 15.0411 The fvnd$ of the ¢h8rfty Unrestricled futKJs 14 14.8521 15,0411 14.852} 15.0411 The Iunp3ny is ented to the exenwtKmlrom Ihe 3rt reWITerrrtlaned n seAknI 471 otthe CotrYansACt 20(. for the year ended 31 M8r¢h 2025. direEtoTr acknledge their resPSlje5 requw8tnents of the Cc4npaniEsAct 2LXJ6 Mih reycl to a¢¢ountiry remrds and trt preparatw offnaroal Statents. Th8 rn8fflb have not requited the io Obta an audit of its staterrntS furlhB Y1n quBstion in wrddfKX Witti 476. Trtse finaTh>al $ternents hakt prerored in re 8PFAK¥ble to c(mpar4es subpct lo the srtball ¢(thpanies regir Ihe financ1 statents aptKoved by Iee5 23 D*be[ 2025 Mr Ken Kilat3ni Chali
ICEED UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 AOUnt9 pol195 Charity inlarmBtit ICEED UK Is a company Iwnited ty guaranleg WKxJrtwl8d EThJldnd wa5. The r8gistgr8d gffre is irnerrBknnd House. 36-38 Cornhil. LojL. EC3V 3NG. 1.1 Basis of prep8r4tion 2006, FRS 102'Thtr Finantsal Rewwbrg inthÈ UK arKJ Rewbk of IreL¥r. and Charrts SORP-Ac¢ouniiDg and ReFtybng by siaietnpnl c4 qe¢(YDWWLled PttKB app1Kab io chaDlies ptEparing r accounts In accordance with the Fina14 Rewrtrg siamkrd arable in tr UK and Repu af Iidand IFR5 1021.. The chaty E a Pubkc EIL En&ty as defined by FRS 102. The finarv81 stalernents are wep3red n sterfirwJ. vthich is Ihe cuffercyollhe ttllrity. Monetaryamounts lheSefinCI ststeMts ae rwIed io Ihe nearest£. The finantial starrtnts have been wep¥ed rthe ¢oa oJTrenbon. The wlicp818ttD1lr polaes adopted are sei oul bek)w. 1.2 Going concem Al the Iirne of8ppwry IhFfiDar#)al stsi&tw)is. IhF buÈlBes habT a [p¥xnab eIpFdab thal th9nly ha$ adequale resour to continue in opratiDnal eSter lorthe fOreSeekn fuhre. Thus knslees ¢x)nIn lo al(yt e going correm Ws 018cwuntirvJ n prepanro the fnarK&91 siaternents 1.3 charitable Unrestriclgd a avwlatye use divetw oflhe trte8$ In fvrtherarKe ofthfyrdpti18tAe objectives. Re8trkied sU'ÈCllo by orgarters as 10 h(AYthey May be used. The and uses oflhs r8$ved funds 8r& in noies fm8fKJ81 EOwMent[unts are to 1x)rt by (KKsthatthe (xptal rnust bp MaIntan by th8 chty. 1.4 In¢gmg ITKorne is recognr6ed when the charity is legalty entided to it aftw atry perf{Krnan u)ndthDns have been mpl, the nts w be wsured rthabty. aThJ it Is Ihal In¢(wThe il bere*ed. donation. Unl perforMae co[KIth¢M requye ferra oflhe anN)unL Inuxne tax re{x>Vera in relation to donations er¥ed der rft or deed5 of covenant is rewised altre InEoflheik)nakn. Lega(ies are rec(wJt¥sed receyl Il the ctkyiity has len tKJbfvJ ol Bn ItnpEnding dislributs(n, the am(xJnt is ktK)wn. and r1p1 is expecie(i. Irthe anount krHMn. lh2 Wy is treaw as a conlingent asset
ICEED UK NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 ACcoUntw pol•e$ (Continued) .5 Expenditure Cxpendilure Is ognISed I1here oriThstnMNe dAvja1to tra[the(Orn1C benefrttoa third party, rt 1$ kYObabl6 thai a Iransfrotrth bènaffts ba reQred w) Stlty8ff1. amoml of oblKJabon Can b& mea9Jred rdigbly. ExpPrKIlu is d¥s5ifpd byxtyty. (xEts oleh vity tnJ& pOIttP tdal of dirp¢twsts ¥t¥J shared rosits. induding suptx)rt(X)sts involved in utKJprtakry eath thty. Dta)Sts attritxnable to a Sr¥J aGtivity are 311orAted dirttvy 10 th818CtMty. Shaiee costs ¢tri>jie mtye than gaivrty suprot o)sts n aiiributsbk 10 8 &role MIy & aPWM1iwthJ bet tlw ltI&% £47 8 c¢Msisiwt wlh e0f tysourc8. Central stsff costs are akncated bS of ume a1 deweaknn charge5 are aIknca on pOrtn ofthe asset's use. 1.6 Ca$h ¢a$h equivalfynts Cash Cash ewrwalents IrL¥Je cash harK1. depos.ts W al¢all bars. Olhei short.tsrm lirwKJ Invments with ongnal maturrfies afltrrfee monthsor kn. aid overdrafts. Bar& Dverdrafts are 1th bom¥ings In CLJtrenl liabilthe5. 1.7 Financial instruments The charity has decie(I to apY prwsKmS of Secbw 11 Eaw"c Finaffaal InstryThents' al Section 12'0ther FinanEial 1nstrurents Ls5ues' of FRS 102 to al of Is 1rthwts. Financial instsumgn& ar• in th• tharitys b4arK• sh•stth•n Ih•charity b•com•s party lo th•cLNnlractu provBb)r6 ef Ihe irwrurrtnt Financial assetsand laknlilKs are offset. ilh Ihe 3fTK)urrts eseT fi[[Ki statetn8nts. when ther8 15 a 1Ègalfv enftricÈablÈ n9hl to sei ofF LhÈ wneed )K¥Jnw there is a) IThti 10 setUÈ on a net basts orto realLe 8 asset and seNia Iho Ii¥bl¢y sthmutt•. asic ffnan¢wl •$8ets Bas tinancial assets. indude debt5 rash bank ban5. ¥e inthally measured at trsLIn Indudino Iransa¢JM 1$ arKI are sthsewertyirried * anKbsed Ltst elfethe te[e51 methtrtl unless e atraweTnWic¥l1lutstsa I1. msu[j ai ts we5WI valL of rurure receipts Jg¢c4Jnt80 * 8 m8rket Me Inieresi. Finar¥ièi assws caasstheo asrecthvabk W[n ¢Me yearare not amorbs8d. Ba$K I1•blI¥$ 8a5ifinancl liabilities. ncluling credrt(Y5 bank kjans are iThti31yTecogTh attsaCh0n tx) unle55 Ihe arran9ement t1Ut¢S a finantsng the dÈbl Irtsjumeill is mea¥ursd aithe preSt vau¢ ofth¢ fvlure paY1$disc¥)utrtWJ ata matk81 rats of iTrlwe5L Fina 1thlrf1 dafid a5 payaLle witFin ye¥are not amornsed. Debt InstrUlts are sub5eqLEnUy rarrEd alarrKxW rnsL theeffedi¥e interest rate rnel1. Trade cr&dit¢KS 8re oNigaiths to or$w that have been acqLirèd the ordinary u)ur&t of OP8raiomg supplet5. knounts payab18 ¢Jrd as lthh"IRs rf pa)Thent is dutr wrthin ontr year or less. If not. they are presented as nOnrrern 53blitÈs. Trae uecitors a rned Inrtialty at SacC pri and subsEquenlly rnEasured at attSed oist tre eife(¥e nlerest tr. Dern¢ognlVon olllnJn¢l•lll•bilth Financkgl IK18$ are d8r8wN88d en ch8nty8 cortr1 are di8ttrg or ¢)c*lW.
ICEED UK NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 ACcoUntw pol•e$ (Continued) .8 EOyee benefit8 The cJJst of any unused N13Y enlit11 re(xNJned in the the eYSSerVIa[e reIved. Tntn Inefits are recne inethaielyas an when ts tharty denKffistr#)ty cwmiitted to lerrninate rfan ernPb provKk lerMat ber 1.9 Ret1Metht benefits PaytTEn15 lo defned c(Krt[n rptirerynt bp[ theIrSare as èXpPte as 1hByfall due. Cr6tl¢al o¢counOr osVms and IWgnts In aptyicAti o1th8 Charity's accci•itFig KieS. Im8t88s are wuir•J 10 mthaNdgnts. estimates a)d assumplK)ns aUt1he carrying amourtofassets Sablities that are not reathly apparenl Other The estynates ar a5SDCK41ed based on historic experie otherfactots that a (X)nSere0 ta be rdfvgnt. A¢bJal reyJNs tnaydrffEr [jthSeeS"e The tstymales Urn9 on 8n or9yfM) b¥gs. Revisiws to 8¢¢ounbrvJ eaim8tes are rec(vJnised in the perK)d in ¥Jl¥ch Ihe esbmale twe tIE revisw aff¥ts lY Ihal p&i¢KI. or in the penou L the revis Tulure pet5 where the rewS1 affects tx>th 1[r1 ar thre period5. kncorne from dorblons and legxips Ur*èstri¢ttd UnMstvid•d funds 2024 2025 DonatK)nsarxt gi15 684.589 302.346 Exporndlture on ¢hariiablea¢Wvllles Charlt3bl• actIVe5 20Z4 aclrvibe5 lac985 2025 2Q25 Dlrect eosts siaftcosts 341.482 341.482 171.495 Shar• ol sUPPOrt and governance t¢Jtsts l¥ee note 5) sU[rt 339.146 3.7SI 339.146 3.750 135.892 684.378 684.380 307.387 Anatysls by 684.378 g84.38D 307.3B7
ICEED UK NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 $uppwt ¢ost$ al¢• to a¢tsvl 2025 Z024 Travdliry. Holds arKI mea exper5 Gi Le9818nd YofeSSiOnal fees Insurances Pnnling ar¥J SlbJnery TdeOJtnTnUnKatn5 Sundry expenses Dues. subxriptwts and n1p$ Rani ReuuilThnl atKI siamwty 81,145 55.621 142.853 69.885 243 1.417 4249 72.301 30.537 3.750 1.529 342,898 135.892 Analyséd botweon.. chantsb activities 342.8 135.892 Heading #a8$ 342,898 135.892 Mot mvfymenl funds 2025 2024 The net Ve[nEntin fMds slated after chargiWlue(tirvJl'. Fees payable foi the Itep&¥jI exanwnatK)n vfthe charivsthatvial Stainei5 3.7 Trusts&s None ol the truees lor any perSS (x)nnecled therrbi red Tnration or benefits frun the charity during the year. The rnontNy rxJrnbEr of durirwJ the year35". 2Q25 Nnber Number
ICEED UK NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 (Continued) 2025 Wage5 and salaE5 Social security sts Other pEn5K]n CD5ts 2982 29.762 13.480 128.34B 341.482 171.495 Rernuneration of key rnanagernent 150 The rerNneralDn ofk8y rn8n8gement persMTh4 was a$fo. 2025 47.754 oth0rexpondltrè untrffjCted Vnrostrl¢t funds nds 2025 2024 FinanEirvJ (x>sts 10 Taxat1( The tharity is exeryt fromtaxaiw its xbvnies because ¥1 its inctyne l¢y charilable pwwsfjs. 11 D•btors 2025 2024 Amounts falllng due wbthln one year. Opherdeblors 14263 10-
ICEED UK NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 12 ¢rfydltws'. amoynts lallingknwithin (Yar 2025 Z024 OthertaxalK)n and writy Tiade creditors Acryvals and defwed ir 3,015 15.445 3.7&1 2.036 19,195 5.041 13 R•tir•mnt b8n•fit xlm 2025 2024 Doff nBd CDrrtvibutlon 5chBnw5 Charge io profit or kss5 in respectoldne (xxthbufion schunes 13.4 The tharityoperates a defvEd con1nton pensi sChnefall qualrfiwvJ e[rth. The as5ebofthe s[the e hekj 8epar¥tety from ihose (l the chyty n an indtrrwthffj admilisiered fLmd. 14 Unr•stri¢t8d fuTrds The LI$1Ct funds of the dtyc(nse Ihe UrEXPerl bala[eS of donations and grants whiGh a ml subieGI to specthG condthcns by dLQrs 8t swanlor& as tc tlw fftay used. These itKlude designatsd funds which he been set asKle tyjt of unreslithd fur$ by InJsiees ply$. Incoming Resources At 31 March 2025 GOTh fu$ 15.0411 684,589 1684.4001 14.8521 PreviDUS year.. At I 2•23 Incoming Resources OXP8ndod At 31 March 2024 Gen furrtls 302.346 {307,3871 15 RdatÈd party transactions Ther£ were no dcSaIle Trted party trTS&1K the ye12024. tKJnel.
ICEED UK NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 16 ¢a¥h gonerat•d from QwathS 2025 2024 SuWuslldpfi<lltlkKlhe year 15.0411 trJv8mants worklng ¢apiial: Ilncreasel in detlors IrKr8*e In cr8ditOIS 114.2631 14.154 5.041 Cash gen•Yat from OP8th•x)s 17 Analysis of chanyes in rwt fu{dOblD The ch8rbty had Th) mat8rfal debt dunro the year. 12-
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