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2021-06-30-accounts

Charity Registration No. 277611

Company Registration No. 01053508 (England and Wales)

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED

(A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr J Atkinson
Ms E Antoniades Snell (Vice-Chair)
Ms E Brierley
Mr I Byrne (Treasurer)
Mrs L Cottrell
Ms J Hill (Chair)
Dr I Hossack
Ms R Jessup
Ms C McHugh
Ms E Mullings-Smith
Mr O Puddle
Dr J Rogers
Mr D Stone
Chief Executive Officer Adam Donnan
Charity number 277611
Company number 01053508
Principal address 6-8 Great Eastern Street
Shoreditch
London
EC2A 3NT
England
Registered office 6-8 Great Eastern Street
Shoreditch
London
EC2A 3NT
England
Independent examiner Sailesh Mehta
c/o HW Fisher LLP
Chartered Accountants
Acre House
11-15 William Road
London
NW1 3ER
Bankers Co-operative Bank
Business Direct
PO BOX 250
Skelmersdale
WN8 6WT

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 15

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 30 JUNE 2021

The Trustees present their report and financial statements for the year ended 30 June 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's Memorandum and Articles of Association , the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective from 1 January 2019).

Objectives and activities

The Charity's objects are to:

Public Benefit

The T rustees paid due regard to the guidance issued by the Charity Commission on public benefit in deciding what activities the Charity should undertake. No harm arose from the purposes, and the beneficiaries are the public, educational institutes and other charitable and c hartered organisations.

Our purpose as outlined in our strategy is to create an environmental science profession that is informed, trusted and a positive contributor to a sustainable society.

Public benefits arise from our two Objects. The public benefits that flow from Object I are an improved natural environment that benefits health and wellbeing, preserves the natural capital that underpins the economy, and protects species. The public benefits that flow from Object II are increased opportunities for individuals to understand the processes of the natural world and how to preserve them. This enhances citizenship and helps individuals make decisions that benefit their communities.

In August 2020 the IES committed to achieving climate neutrality by pledging to the UNFCCC Climate Neutral Now campaign. The IES also undertakes an annual Environmental and Sustainability Audit under the principles of The Natural Step framework.

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2021

Achievements and performance

The Trustees are very satisfied with the performance of the charity this year, particularly considering the ongoing impacts of the Covid-19 pandemic during the financial year.

The 2020-21 financial year was the final year of the IES 2018-2021 strategy. The strategy is built around five priorities:

During the 2020-21 financial year income grew by 9 per cent. The number of subscribing members grew by over 7 per cent. The number of Chartered Environmentalists registered through the IES grew by 14 per cent and Chartered Scientists by 11 per cent. We added a new Register, Registered Environmental Practitioner, aimed at individuals with a level 5 qualification or higher and at least two years’ work experience.

A new mentoring platform was launched in January 2021, allowing for an increase in the number of mentoring streams and reducing administration in the matching of mentees to mentors.

Our communities continued to develop and expand. We have developed further governance mechanisms to manage their expanding workload. We were pleased to be able to shift the delivery of our Land Condition Symposium and the IAQM’s DMUG conference online, so that members could continue accessing CPD while social distancing regulations were in place.

A new COP26 community was established to ensure that our work in the lead up to COP26 was member-led. We launched a survey and case studies to support members facing environmental injustice, with plans for this to be turned into a community or network.

IAQM, our sister organisation covering air quality, ran a packed calendar of events, published two position statements on ‘Use of Screening Tools for Preliminary Determination of the Significance of Pollutant Sources’ and ‘Indoor Air Quality Assessment Levels’.

The 2020 Burntwood Lecture was given by Professor Jim Skea, Co-Chair of IPCC Working Group III, on the topic of ‘Is there coherent scientific advice in support of environmental action?’

Over the financial year we published journals on ‘Reconnecting society with its ecological roots’, ‘The value of an environmental science education’, ‘Creating a sustainable future: the Decade of Ocean Science’ and ‘Improving indoor air quality’. We also updated our ‘Influencing the UK Parliament’ report and published the results of our annual membership survey.

We trailed a new approach to putting together expert panels to produce policy outputs. This process led to the publication and advocacy of a policy report, ‘Sustainable, healthy, and resilient: Practice-based approaches to land and soil management’.

Another central theme for our policy work was shaped around the lead up to the COP26 climate conference, themed around the acronym, STAGES (Sustainability, Transformation, Adaptation, Green society, Economy and Solutions). We also championed a green recovery through our policy outputs.

We continued supporting our members during the Covid-19 pandemic including those facing furlough and redundancy. We ran forums on ‘Supporting managers through the uncertainty of lifting lockdown’, ‘Research & Funding in a Covid-19 world’ and ‘The impact of Covid-19 on environmental science datasets’. We published a report, ‘Working through a pandemic: The evolving impact of Covid-19 on the environmental sector’, gathering evidence of the impact on the sector.

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2021

We supported our members’ career development through three online CV clinic workshops and through our Chartership hotseat webinars.

We worked towards improving diversity and inclusion in the sector by publishing analysis on ‘Addressing roadblocks for gender nonconforming environmental scientists’ and ‘Women’s leadership in the water sector’, and initiating a project investigating the experiences of ethnic minorities in the environmental sector.

Financial review

The accounts reflect the income and expenditure for the year to 30 June 2021 and the variety of activities that the Institution undertook. Total income for the year has increased to £ 510 , 572 (2020: £46 2,835 ). Expenses for the year of £ 460,105, were slightly higher than the 2020 figure of £4 20,894 .

The primary source of funding for the Institution is from members' subscriptions .

Fund balances at the end of the financial year were £ 270,883 (2020: £220 ,416 ), which the T rustees deemed satisfactory, but will keep under review as activities increase. A formal reserve policy, reviewed on an annual basis and adjusted to meet the needs of the charity, is in place that states that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three months' contractual and operational expenditure, and funds to cover the remainder of our office lease. This was calculated as £117,900 for the financial year ended 30 June 2021. It is the policy of the charity that the T rustees continue to consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised.

Plans for future periods

The 2021-24 strategy, Guiding Transformative Change, covers the next three financial years. The new strategy sets the following priorities:

  1. Have a primary focus on solutions, not just highlighting problems

  2. Stimulate public conversations and help individuals and society cope with change

  3. Maximise the role of IES members as influencers and innovators

  4. Go beyond observing and reporting on the sector to making strategic interventions

  5. Increase our international focus

Structure, governance and management

The Charity is a company limited by guarantee.

The Trustees, who are also the directors for the purpose of company law, who served during the year were:

Dr C D Hawkins Mr J Atkinson Ms E Antoniades Snell Ms E Brierley Mr I Byrne Mrs L Cottrell Ms J Hill Dr I Hossack Ms R Jessup Mr G S Kass (Retired 21 April 2021) Ms C McHugh Ms E Mullings-Smith Mr O Puddle Dr J Rogers Mr D Stone

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2021

None of the T rustees have any beneficial interest in the company.

The IES is a registered charity and is governed by its Articles of Association and Byelaws. The Charity is a company limited by guarantee. The Trustee Board is responsible for setting out the ongoing strategic direction of the Institution and exercise all the power of the Charity. It also approves the terms of reference and monitors the work of Committees, Panels, external representatives, and the CEO, to which certain powers are delegated.

Elected Trustees are elected at the Annual General Meeting each year. Up to four Appointed Trustees can be appointed by a majority vote of the trustees. New T rustees are given a trustee induction pack outlining their roles and responsibilities. An induction training session is undertaken by all new T rustees. The T rustees regularly undertake an audit to identify gaps in knowledge and skills.

The Institution does not have funds for investment purposes, but a surplus amount is held as a reserve. This acts partly as a contingency against unforeseen events, but also as a reserve for the excess of expenditure over income in the latter part of the calendar year. This reserve is held in two ethical bank savings accounts offering a fair measure of return.

Risk assessment of key risks

The CEO, Programme Lead and Treasurer maintain and review a risk register. The Trustees review this on an annual basis and receive updates quarterly. The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to these major risks.

The Trustees' r eport was approved by the Board of Trustees.

..............................

Ms Julie Hill

Trustee 30 Mar 2022 Dated: .........................

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED

I report to the Trustees on my examination of the financial statements of The Institution of Environmental Sciences Limited (the Charity) for the year ended 30 June 2021.

Responsibilities and basis of report

As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW , which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

HW Fisher LLP

Sailesh Mehta c/o HW Fisher LLP Chartered Accountants Acre House 11-15 William Road London NW1 3ER

31 Mar 2022

Dated: .........................

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2021

Unrestricted Unrestricted
funds funds
2021 2020
Notes £ £
Income from:
Voluntary income 3 24,160 -
C haritable activities 4 486,314 462,633
Investments 5 98 202
Total income 510,572 462,835
Expenditure on:
Raising funds 6 221 901
Charitable activities 7 459,884 419,993
Total resources expended 460,105 420,894
Net income for the year/
Net movement in funds 50,467 41,941
Fund balances at 1 July 2020 220,416 178,475
Fund balances at 30 June 2021 270,883 220,416

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET

AS AT 30 JUNE 2021

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one year
13
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than
one year
14
Net assets
Income funds
Unrestricted funds		 2021
£
45,607
329,306
374,913
(67,300)		 £
2,620
307,613
310,233
(39,350)
270,883
270,883
270,883		 2020
£
33,169
269,541
302,710
(34,450)		 £
2,156
268,260
270,416
(50,000)
220,416
220,416
220,416

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2021.

The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

30 Mar 2022

The financial statements were approved by the Trustees on .........................

..............................

Ms J Hill Trustee

Company Registration No. 01053508

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

1 Accounting policies

Charity information

The Institution of Environmental Sciences Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 6-8 Great Eastern Street, Shoreditch, London, EC2A 3NT, England.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective from 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling , which is the functional currency of the Charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

T he trustees have considered the effect of the prolonged Covid-19 outbreak, that has been spreading throughout the world since early 2020, on the charity’s activities.

The trustees consider that the prolonged outbreak is unlikely to cause a significant disruption to the charity’s activities and are confident that the charity can continue as a going concern for a period of at least twelve months from the date of approval of these financial statements. The trustees have a reasonable expectation that the charity has adequate resources to continue in operation for the foreseeable future.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Interest on funds held on deposit is included upon notification of the interest paid or payable by the bank.

1.5 Expenditure

Liabilities are recognised as expenditure once there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. Support costs and governance costs are allocated to the charitable activity to which they relate in the statement of financial activities.

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2021

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment 25% per annum on cost Computers 33.33% per annum on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

All assets costing more than £500 are capitalized.

1.7 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.8 Financial instruments

The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The Trustees do not consider there to be any critical accounting estimates or judgements applied in the preparation of the financial statements.

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2021

3 Voluntary income

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Grant Income 24,160 -
C haritable activities
Publications &
Conferences and		 Total Publications &
Conferences and		 Total
services for
consultancy		 2021 services for
consultancy		 2020
members members
2021
2021		 2020
2020
£
£		 £ £
£		 £
Income from charitable
activities 454,805
31,509		 486,314 421,468
41,165		 462,633

4 C haritable activities

5 Investments

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Interest receivable 98 202
Raising funds
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Fundraising and publicity
Fundraising agents 221 901
221 901

6 Raising funds

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2021

7 Charitable activities

Publications &
services for
members
Conferences &
consultancy
2021
2021
£
£
Staff costs
298,968
-
Depreciation and impairment
1,866
-
Publications
39,278
-
Events & Training
-
9,353
Travel
-
-
340,112
9,353
Share of support costs (see
note 8)
105,203
-
Share of governance costs (see
note 8)
5,093
123
450,408
9,476		 Total
2021
Publications &
services for
members
Conferences &
consultancy
2020
2020
£
£
£
298,968
231,251
-
1,866
2,810
-
39,278
32,456
-
9,353
-
18,320
-
-
50
349,465
266,517
18,370
105,203
127,743
1,854
5,216
5,222
287
459,884
399,482
20,511		 Total
2020
£
231,251
2,810
32,456
18,320
50
284,887
129,597
5,509
419,993

8 Support costs

Support costs
Governance
costs
£
£
Premises and services
33,296
-
Administrative expenses
56,573
-
Computer and website
13,984
-
Travel
1,350
-
Accountancy
-
5,216
105,203
5,216
Analysed between
Charitable activities
105,203
5,216		 2021
Support costs
Governance
costs
£
£
£
33,296
38,900
-
56,573
73,220
-
13,984
15,623
-
1,350
1,854
-
5,216
-
5,509
110,419
129,597
5,509
110,419
129,597
5,509		 2020
£
38,900
73,220
15,623
1,854
5,509
135,106
135,106

Premises and services includes operating lease costs of £23,725 (2020 : £26,000).

Governance costs includes payment to the independent examiner £3,000 (2020 : £3,000) for independent examination fees and £2,216 (2020 : £2,509) for other services.

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2021

9 Trustees

No Trustees were reimbursed for travel and subsistence expenses during the year (2020: 4 trustees were reimbursed a total of £556).

10 Employees

Number of employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs
The number of employees whose annual remuneration was £60,000 or more were:
£60,000 to £69,999		 2021
Number
10
2021
£
265,626
25,729
7,613
298,968
2021
Number
1		 2020
Number
6
2020
£
205,620
19,712
5,919
231,251
2020
Number
1

Contributions totalling £ 3,331 (20 20 : £ 3,282 ) were made to define d contribution pension schemes on behalf of employees whose emoluments exceed £60,000 .

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2021

11
Tangible fixed assets
Fixtures, fittings
& equipment
Computers
£
£
Cost
At 1 July 2020
4,387
8,742
Additions
-
2,330
At 30 June 2021
4,387
11,072
Depreciation
At 1 July 2020
2,231
8,742
Depreciation charged in the year
1,097
769
At 30 June 2021
3,328
9,511
Carrying amount
At 30 June 2021
1,059
1,561
At 30 June 2020
2,156
-
12
Debtors
2021
Amounts falling due within one year:
£
Trade debtors
6,014
Other debtors
6,500
Prepayments
33,093
45,607
13
Creditors: amounts falling due within one year
2021
Notes
£
Bank loans
10,650
Deferred income
15
23,627
Other creditors
29,272
Accruals
3,751
67,300		 Total
£
13,129
2,330
15,459
10,973
1,866
12,839
2,620
2,156
2020
£
1,210
6,500
25,459
33,169
2020
£
-
19,120
11,586
3,744
34,450

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2021

14 Creditors: amounts falling due after more than one year

2021 2020
£ £
Loans 39,350 50,000

Bounceback loan of £50,000 was taken out as a precautionary measure by the Institution relatively early in the pandemic, before it was possible to estimate the effect of the pandemic on the finances.

15 Deferred income

Event income received in advance
Grant income received in advance		 2021
£
-
23,627
23,627		 2020
£
19,120
-
19,120

16 Retirement benefit schemes

Defined contribution schemes

The Charity operates a defined contribution pension scheme for all qualifying employees. Contributions are payable by the company for the year.

The charge to profit and loss in respect of defined contribution schemes was £ 7,613 (20 20 : £ 5,919 ).

17 Operating lease commitments

At the reporting end date the Charity had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2021
£
16,900
12,675
29,575		 2020
£
19,500
-
19,500

THE INSTITUTION OF ENVIRONMENTAL SCIENCES LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2021

18 Related party transactions

There were no other disclosable related party transactions during the year (20 20 : none).

Remuneration of key management personnel

The remuneration of key management personnel is as follows:

2021 2020
£ £
Aggregate compensation 77,936 76,784