\\\ Ne 1 Aas **ANNUAL REPORT** ait + A XY AG **REVIEW AND ACCOUNTS** NSWYWW)RR ANON SN for the year ended 30 June 2025 \ nN bt i Vi (i AEN n Ni Waa Wolk aye ECE AD iy SAN Lo ena { AVN. AER 4 Nie NYS A) \\ ANK \ a8 ~~ee hil j Pte A | Pel ie. EP Ae fae Git) RT ov AAT PUY a BED PA bP ua Wi) ft . Aa~~ } VdVAGiyWIPOMG UNEAVSean LEGMs A 1 b STMIAUEaWaaee[|}] oN Mn\ RGD0}! WNSONARgtaK iePadaHTS MORbiMALAYSAL VATURPASAT,NSAIAUSEPALLNubeay a **l** es Agia **a** RL TAD\GUSTNy LGA' Noga |i § \ INT ahNaNXONANOt) **ieep.uk** iiSAAa\.\ al aaa f iba Ve { mL SAN hb DA **e** \ \ i NAUN 4 / ‘a NSS r NAG RYE A \ RGRAY Yi RA INP MRL | LY MLE EAN SM bi hha Mg PA Wa PL | j WN ARRAN
**REFERENCE & ADMINISTRATIVE DETAILS**
**Annual accounts for the Institute of European Environmental Policy London, trading as the Institute of European Environmental Policy UK (IEEP UK) For the year ended 30 June 2025**
|**Trustees**
**Company Registration Number**
**Charity Registration Number**
**��������������**
**Independent Examiners**
**Bankers**|Malini Mehra, Chair
David Stanners
Herman Wolters (resigned December 2025)
Anne Brosnan (resigned 8 September 2024)
Simon Kearey (appointed 17 October 2024)
Nicolas Molho (appointed 4 December 2024)
Viviane Gravey (appointed 21 January 2025)
02458951
802956
85 Great Portland Street
First Floor
London
W1W 7LT
Price Bailey LLP
Chartered Accountants
24 Old Bond Street
London
W1S 4AP
National Westminster Bank
Birmingham
B1 2HS|
|---|---|
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 2
## **CONTENTS**
|**REFERENCE & ADMINISTRATIVE DETAILS**|**2**|
|---|---|
|**CHAIR'S STATEMENT**|**4**|
|**TRUSTEES' REPORT**|**7**|
|OBJECTIVES & ACTIVITIES|8|
|ACHIEVEMENTS AND PERFORMANCE|9|
|COMMUNICATIONS & ENGAGEMENT|14|
|PUBLICATIONS|15|
|SOME OF IEEP UK’S PRESS COVERAGE IN 2024/25|16|
|FINANCIAL REVIEW|19|
|STRUCTURE, GOVERNANCE & MANAGEMENT|21|
|**INDEPENDENT EXAMINER**|24|
|**INDEPENDENT EXAMINER'S REPORT**|25|
|**STATEMENT OF FINANCIAL ACTIVITIES**|26|
|**BALANCE SHEET**|27|
|**NOTES TO THE FINANCIAL STATEMENTS**|28|
## **Images**
**Cover: Kristina An IEEP staff & events:** Jonathan Goldberg. **Others:** _p6_ Juliane Liebermann; _p7_ Sandy Miller; _p8_ James Armes; _p9_ Toby Royal; _p12_ Jonny Gios; _p13_ Paul Teysen; _p18_ Patrick Schatz; _p20_ S N Pattenden; _p23_ Elena Jiang. **Sourced** from Unsplash
## **IEEP UK**
85 Great Portland Street, First Floor London, W1W 7LT United Kingdom Tel: +44 (0) 204 579 9118 www.ieep.uk
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 3
## **CHAIR'S STATEMENT**
**It is with great pride and optimism that I introduce this year’s Annual Report from IEEP UK. The past year has been one of change and renewal, and tangible progress in our mission to strengthen environmental policy and cooperation between the UK and Europe. As Chair, I have witnessed**
**foresight that our team has brought to bear**
## **landscape.**
Our Annual Conference in January 2025, _Learning with the rest of Europe to deliver UK environmental ambition_ , marked a pivotal moment. With contributions from Minister Mary Creagh MP, Claudia Fusco of the European Commission’s DG Environment, and Leena Ylä-Mononen, Executive Director of the European Environment Agency (EEA), the event was not only a showcase of thought leadership but also a historic occasion.
from the new UK Government on Europe and the
themselves acknowledged as a turning point in rebuilding UK-EU environmental relations.
19 May 2025 with the UK-EU Reset—a landmark development that has reshaped the trajectory of environmental cooperation. For IEEP UK, this reset was not merely a diplomatic breakthrough; it was a validation of years of rigorous policy work, strategic engagement, and coalition-building. Our recommendations, rooted in our May 2024 paper _A Fresh Direction_ and earlier work, were reflected in
the key outcomes of the reset, including proposals to link the UK with the EU Emissions Trading Scheme and align pesticide standards through a veterinary agreement. The potential for UK access to EU agencies such as the EEA and ECHA in some limited avenues is something we can build on as we
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 4
CHAIR'S STATEME **NT**
Spring parliamentary reception, hosted by Pippa Heylings MP in the week of the Reset.
Throughout the year, IEEP UK has deepened its partnerships with key organisations and diplomatic missions, including the EU delegation to the UK and the UK Mission to the EU. Our work with the European Environment Bureau and the ������������������������������������������ recommendations and foster a shared vision for environmental progress.
A cornerstone of our work has been the development of the _Divergence in Environmental Policy: State of Play_ report, due for release in August 2025. This comprehensive analysis will be accompanied by a new web-based platform, making our insights more accessible and actionable than ever before.
Our thematic policy work has been equally impactful. In farming and land use, we’ve supported the Welsh Government in designing its Sustainable Land Management scheme, and contributed to England’s emerging Land Use Framework. Our evidence to the House of Lords inquiry into nitrogen loss and our collaboration with the ���������������������������������������������� management legislation have helped bridge policy gaps across the UK and Ireland. In food policy, our March webinar on national food strategies was �������������������������������������������������� growing public and policy interest in sustainable food systems. Our contributions to the Europeanwide report coordinated by Agora Agriculture and IDDRI further cemented our role as a key player in transnational policy dialogue.
On circular economy, our joint report with the Aldersgate Group and engagement with the Government’s Circular Economy Taskforce have laid the groundwork for a new strategy in 2026. In chemicals policy, the leadership of our Honorary Fellow and Founder Nigel Haigh OBE has been instrumental, with his publications shaping
parliamentary and regulatory discourse. Our work on air quality, in partnership with Impact on Urban Health, is helping to inform the next Clean Air ������������������������������������������������� the Product Regulations and Metrology Act have ������������������������������������������������� ���������������������������������������������� Castle.
As we look ahead, IEEP UK remains committed to evidence-based policy, inclusive dialogue, and international cooperation. 2026 will mark the 50th anniversary of IEEP, and we plan to draw more on good practice from across Europe and to do so together with our sister organisation in Brussels and the Think Sustainable Europe network which draws the best knowledge from environmental think tanks working in other nations across the continent. The challenges we face — from climate change to biodiversity loss — demand nothing less than bold, united action. I am deeply grateful to our team, our partners, and our supporters for their unwavering commitment to this cause. Together, we are not only rebuilding bridges—we are laying the foundations for a greener, fairer future.
Malini Mehra Chair, IEEP UK Date: 04/02/2026
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 5
**IT'S AN HONOUR TO HAVE AN** | | pe. **OPPORTUNITY TO SPEAK TO YOU AT THE IEEP UK ANNUAL CONFERENCE ABOUT THE** . * rr **GOVERNMENT'S PRIORITIES FOR THE ENVIRONMENT** MARY CREAGH MP, MINISTER FOR NATURE, DEFRA ——_— hd
**TRUSTEES' REPORT**
he Trustees present their Annual Report together with the financial statements of the Institute for European Environmental Policy, London for the 1 July 2024 to 30 June 2025. **T** The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
The Institute for European Environmental Policy, London (trading as IEEP UK) is a registered charity and not-for-profit company limited by guarantee and, as such, is governed by its Memorandum of Association and Articles of Association. This report of activities is presented by the Directors, who are also the charity Trustees, together with an independent examination of their financial statements for the year ended 30 June 2025.
The following report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with FRS 102.
Approved by order of the members of the board of Trustees and signed on their behalf by:
~~Sear~~ Malini Mehra (Mar 9, 2026, 5:35pm) **Malini Mehra**
**Chair**
Date: 24/02/2026
## ~~foe~~
Simon Kearey (Mar 6, 2026, 8:46pm) **Simon Kearey**
## **Trustee**
(Honorary Treasurer, appointed October 2024) 24/02/2026
**----- Start of picture text -----**
ieep.uk | ANNUAL REPORT o AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 7
**----- End of picture text -----**
TRUSTEE’S REPORT
## _**a. Objectives of IEEP UK**_
As a sustainability think tank with over 45 years’ experience IEEP UK is committed to assessing, informing and shaping long-term and effective environmental policies at a UK and European level through evidence-based research, analysis and policy insights. Functioning independently in the UK from 2022, we continue to operate as part of the broader IEEP family, ensuring the UK benefits from intelligence, research and experience from other countries to develop the most effective policy options.
IEEP UK’s current strategic ambition is that by 2028 the UK and its four constituent nations and administrations will have strong, long-term, coherent and effective environmental and climate policies that are fit for purpose to address current and future anticipated challenges and are well implemented and enforced.
To achieve this ambition, we work as part of the UK’s environmental community, providing independent analysis, evidence and policy insights as well as convening and brokering discussions between different actors to shape the development and implementation of this new generation of policies and the governance alongside them in the various parts of the UK, informed by good practice from across Europe.
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 8
TRUSTEE'S REPORT
## _**a. Review of IEEP UK’s activities and achievements in 2024/25**_
Timeline of our work - reports, webinars and press coverage
## **2024**
Product Regulation and Metrology Bill tabled allowing UK re-alignment with some EU environmental standards, which IEEP UK has been calling for
**July**
**Summer**
IEEP UK commences major project for Welsh Government on Sustainable Land Management
IEEP UK speaks at Labour conference event on UK/EU alignment of chemical policy
**September**
**2025** IEEP UK appeared on BBC **January** Food Programme episode on national food strategies
IEEP UK namechecked in House of Lords discussion on Product Regulation and Metrology Bill
Annual Conference includes keynote from Minister Mary Creagh marking
Government on UK relations with Europe on environment
IEEP UK presents oral evidence to the House of Lords Environment and **February** Climate Change Committee at the first public session of their nitrogen inquiry IEEP UK’s Food Strategy webinar, chaired by Sheila Dillon, receives **March** over 300 registrations Fj a i bi at IEEP UK response to sandeels a» ~ ; I-Yer tribunal ruling receives coverage in —> S ~~e~~ **May** Politico, _The Guardian_ , _The Financial Times_ and elsewhere
IEEP UK gives oral evidence to a Scottish Parliament Select Committee hearing related to the extent of Scottish policy staying “in step” with EU law
UK-EU reset marks significant
progress towards some of IEEP UK’s recommendations, including alignment on Emissions Trading Schemes and pesticides policy, and allowing for working relationship with European agencies on limited matters
IEEP UK’s Spring Parliamentary reception held in week of UK EU Reset
Two trustees make ENDS top 100 power list of environmental POWERTis 4 professionals ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 F ; ; te | 9
TRUSTEE'S REPORT
## Encouraging UK Engagement and Cooperation with EU and rest of Europe on the environment
Our Annual Conference in January 2025, _Learning with the rest of Europe to deliver UK environmental ambition_ , featured Minister Mary Creagh MP, Claudia Fusco a Director from the European Commission’s DG Env, and Leena Ylä-Mononen, Executive Director of the EEA amongst other speakers. This was the first public statement that a Minster from the new UK Government had made about Europe and the environment, and according to Defra officials this marked a milestone in rebuilding relations between the UK Government and European Commission on environmental policy cooperation.
The UK EU reset on 19 May 2025 marked a huge step forward not only for the UK’s relationship with the EU and for environmental policy, but also for IEEP UK’s work. Progress has been made on a number of the recommendations presented in our overarching briefing ahead of the reset building on IEEP UK’s May 2024 paper _A Fresh Direction_ and earlier work. Most notable are the recommendations to link UK with the EU Emissions Trading Scheme, and through a veterinary agreement to align on pesticides standards. The detail of the reset announcement also suggests the UK having access to EU agencies, systems and data relating to this veterinary agreement, which would include the European Environment Agency (EEA), European Chemicals Agency (ECHA) and European Food Safety Authority (EFSA). Rebuilding the UK’s relationship with the former two being another longstanding recommendation of IEEP UK, and we worked with Stanley Johnson and Conservative Peer Baroness Hooper to put in a Parliamentary Question on the Government’s appetite to rejoin the EEA in Spring 2025.
We also hosted our annual Spring parliamentary reception in the House of Commons in the week of the Reset. Hosted by Pippa Heylings MP, Liberal Democrat Spokesperson for Energy
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 10
TRUSTEE'S REPORT
Security and Net Zero, we also had speeches from Dame Glenys Stacey, outgoing Chair of the OEP; as well as IEEP UK chair, Malini Mehra, and Executive Director, Ben Reynolds.
We have worked with many organisations to encourage closer cooperation between the UK, EU and rest of Europe – forging stronger relationships with the diplomatic staff at the embassies, including the EU delegation to the UK and the UK Mission to the EU, and working with the likes of the European Environment Bureau (EEB) and European Movement to help inform their work, refining their policy recommendations.
## Tracking UK EU legislation and divergence
A significant amount of effort has been spent at the tail end of this year on preparing this year’s divergence in environmental policy state of play report, due for release in summer 2025. This will build on the previous year’s report by including a more accessible and user-friendly web-based platform to sit alongside the more traditional written report. Essentially, this is ten thematic reports in one (covering air, water, circular economy, pesticides, chemicals, etc) outlining divergence in post-Brexit EU-UK policy and its significance, and draws on our ongoing updates to our environmental legislative tracker.
This also builds on much work throughout the year engaging on specific policy areas, including: an event at the Labour Party Conference on chemicals policy, with Toby Perkins MP (chair of the Environment Audit Committee) and Stella Creasey MP; Our series on online ‘divergence hub’ meetings looking at topics including circular economy policy, sandeels, chemicals, pesticides, and the Planning and Infrastructure Bill impact on nature. We also published a report examining EU/ UK divergence on environmental crime, launched alongside a webinar featuring Prof Richard Macrory, Anne Brosnan (Environment Agency), Phoebe Clay (Unchecked UK), Rob de Rijk (European Network of Prosecutors of the Environment), and IEEP UK’s head of environmental policy, Michael Nicholson.
## Environmental Governance
We have continued to monitor and engage in the development of environmental governance across the UK. This has involved participating in the key stakeholder and monitoring groups on environmental law and regulation run by the Office for Environmental Protection, Environmental Standards Scotland and Defra, as well as chairing the environmental governance group of NGOs (which succeeded Greener UK).
We have run projects for Welsh Government and the Office for Environmental Protection, the latter being a pilot study to monitor the implementation of environmental law. IEEP UK has engaged in over 12 consultation processes this year, including the Corry Review on the environmental regulatory landscape; the Cunliffe Commission on the water sector; the UK Government’s Trade Strategy, Autumn Budget, Land Use Framework for England, Environmental Permitting Regulations; and UK and Scottish Parliamentary Committee inquiries on nitrogen loss, PFAS pollution, EU alignment, and the UK-EU reset.
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 11
TRUSTEE'S REPORT
## Thematic policy work
**Farming, Land Use and Water** – We commenced a major project for Welsh Government informing the development of their new Sustainable Land Management scheme – designing a theory of change, and coordinating stakeholder engagement to design a list of indicators and targets for the new scheme. This is due to be presented within Welsh Government by end of 2025.
We have also fed into the Government plans for a new Land Use Framework for England, highlighting the more comprehensive approach being taken by Denmark. And we have documented some lessons from the English experience on developing a new farm policy in a report for the European Commission in relation to the new CAP under development.
Building on a policy gap analysis produced for the Sustainable Nitrogen Alliance in Autumn 2024, we fed into the House of Lords inquiry into Nitrogen Loss in 2025, giving oral evidence at the first hearing of the inquiry. On a related note, we worked on a contract for the Office for Environmental Protection looking at divergence in nutrient management legislation between Northern Ireland, Republic of Ireland/EU and England, together with Miller Research and Environmental Justice Network Ireland (EJNI), covering topics including Waste Water and Soil Health.
Our work on Wastewater Regulations and implementation – particularly on divergence between UK and EU – continues to garner interest – including from the EFRA committee. Our input into the Cunliffe review of the water sector, drew on years of IEEP’s experience on developing European policy in this space, not least from Honorary Fellow, Andrew Farmer.
**Food** – In March, we hosted a webinar on national food strategies in the UK and Europe, to tie in with the launch of the Government’s engagement to develop an English food strategy. This was
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 12
TRUSTEE'S REPORT
our best attended online event ever – with over 300 signups and 186 showing up on the day. It was chaired by the BBC Food Programme’s Sheila Dillon, and included contributions from IEEP UK Executive Director, Ben Reynolds, Rachel Fisher (leading Defra’s Food Strategy), and experts from across Europe, including Agora Agriculture and IDDRI who coordinated a Europe-wide report on national food strategies that IEEP UK contributed to. This built on an episode of the BBC Food Programme on this topic in January 2025, to which Ben Reynolds contributed.
**Circular Economy** – This year saw us prepare a report on divergence in UK-EU circular economy policy post Brexit in conjunction with the Aldersgate Group ahead of a summer 2025 launch. The production of this ran alongside engagement with the Government’s Circular Economy Taskforce which will inform a new Circular Economy Growth Plan due out in 2026.
**Chemicals** – Founder and longstanding honorary fellow of IEEP UK, Nigel Haigh OBE, continued to steer IEEP UK’s engagement and position on chemicals, producing _A Crossroads for Chemicals_ (August 2024) and _Chemicals Policy and the UK-EU Reset_ (May 2025), and informing our engagement with the Environment Audit Committee’s inquiry into PFAS pollution. Nigel has also been active in informing the Office for Environmental Protection’s position on chemicals policy. We also partnered with Chemtrust on a Labour Party conference event and briefing paper.
**Air Quality** – We commenced a new project with Impact on Urban Health to look in detail at divergence between UK and EU air quality standards. A view is forming that a new Clean Air Strategy for England in late 2026 will emerge and our work is aiming at influencing the content of such a strategy.
**Product Standards** – The Government introduced the Product Regulations and Metrology Bill (now passed as an act in July 2025), which allows the Government to align with the EU on certain environmental product standards. Our briefings on this were picked up by Parliamentarians, including being name-checked in a House of Lords debate by Baroness Bennett of Manor Castle.
TRUSTEE'S REPORT ee
## ie) **100% growth in newsletter subscribers**
= **26 media articles quoting IEEP UK**
fal **100% growth in LinkedIn followers**
**over 400**
**37,034 400 Number of website attendees at IEEP page views up 106% UK events** hy Oe **5 Work for Governments or 450+ staff at end of arms length bodies in all Number of reporting year 4 publication UK nations downloads**
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 14
TRUSTEE'S REPORT
**----- Start of picture text -----**
SR
oo=
“-. @
se
IEEP UK & Aether Ltd
September 2024
01.04.2025 / POLICY BRIEFING
Key messages
August 2024 ieep.uk
Questions for the new UK
Government on its chemical
policy in an international
context
FELLOW IEEP NIGEL HAIGH HONORARY OBE
The Products and Metrology Bill,
environmental impacts of products
and eco-design regulations
A CROSSROADS FOR CHEMICALS
T
An evaluation of the ability of existing
policies to achieve nitrogen-reductions
within national statutory targets and
international commitments
chemicals. producing a despite work behind the scenes, no draft for public consultation has yet appeared. The Royal Society of Chemistry (RSC) has recently published ideas that include the training of staff needed to regulate chemicals and the eventual creation of a UK Chemicals Agency. Our new Government must now decide what it thinks of these ideas and whether or not it wants to honour the previous Government’s commitment to publishing a chemicals strategy.the As long ago as 2018 Theresa May’s Government committed itself to from the EU Regulation known as REACH (Registration, Evaluation, Authorisation and restriction of Chemicals). UK REACH is based on EU REACH. Since Northern Ireland is bound by EU REACH it will mean further divergence between NI and Great Britain as well.described separately below. International developments, including in the EU, are also touched on.Just before the election, Defra began consulting on ways to modify These two issues can be decided upon quite separately and are registration of chemicals he increasing attention being paid by the press to the harmful effects of what are being called ‘forever chemicals’ will keep shining a spotlight on the adequacy of our controls over UK strategy for controlling chemicals . This would involve diverging further . Six years later,
Briefing paper
The Products and Metrology Bill is a useful tool in aligning UK/GB standards with often higher EU environmental product standards particularly those set through the ‘Ecodesign’ framework. It is not enough, however, simply for the Secretary of State to align with EU environmental product standards through the use of secondary legislation. That power should be the UK market. Articles 1(2) and 2(7) are particularly key and should be protected through the Bill’s passage in Parliament (Bill as introduced 4 September 2024). used to prevent lower quality products entering have the power to
Parliamentarians should consider the implications for Devolved Administrations (DA’s) of this Bill and how the intersection between reserved and devolved powers meet and how DA’s might be consulted when using powers under this legislation.
**----- End of picture text -----**
## August 2024
**----- Start of picture text -----**
September 2024
Products & Metrology Bill
A briefing for
Parliamentarians
**----- End of picture text -----**
**----- Start of picture text -----**
October 2024
**----- End of picture text -----**
**----- Start of picture text -----**
A Crossroads for Chemicals
**----- End of picture text -----**
**----- Start of picture text -----**
An evaluation of the
ability of existing
policies to achieve
nitrogen-reductions
within national strategy
targets and international
commitments
**----- End of picture text -----**
**----- Start of picture text -----**
October 2024 ieep.uk
The implications of changes to EU policy for the UK
DIVERGING WASTEWATER POLICY
Briefing paper
**----- End of picture text -----**
Government on its chemical policy in an international context
**----- Start of picture text -----**
[ed
January 2025 December 2024
Agri-Environmental The new EU policy
%. SA Policies in England & te eee Environmental Crime The implications of
SN ‘ after Brexit BaP Directive changes to
a coe diverging approach for the UK
with the UK?
oe © he ee
IS .
of
| it
Vie J
di Ca a,
May 2025 May 2025
Products & Metrology Bill
for the new UK Chemicals Policy and the The UK and EU:
Government on its chemical UK-EU Reset Recommendations for an
policy in an international Environmental Reset
May 2025
Towards national food policies in the
IEEP UK’s work is widely referenced
EU by Agora Agriculture and IDDRI
including in work this year by the
Audit Office Office (NAO) and Croll sTealelnts tren ELS Iss 7
Office for Science and :
01.04.2025 / POLICY BRIEFING
Key messages
The Products and Metrology Bill,
environmental impacts of products
and eco-design regulations
ieep.uk November 2024 ieep.uk
May 2025 ieep.uk
EXECUTIVE SUMMARY
A diverging approach with the UK?
EXECUTIVE SUMMARY
Nigel Haigh
AGRI-ENVIRONMENTAL POLICIES
IN ENGLAND AFTER BREXIT
Towards food policies
that support healthy and
sustainable consumption
THE UK AND EU: RECOMMENDATIONS FOR AN
ENVIRONMENTAL RESET
A NEW EU ENVIRONMENTAL
CRIME DIRECTIVE
CHEMICALS POLICY
AND THE UK-EU RESET
REPORT Briefing paper
BRIEFING PAPER
May 2025
What is the case for moving in this direction?
Country case studies and the role of EU food policy
The Institute for European Environmental Policy (IEEP) has been an analyst, contributor and commentator on UK and European environmental policy development for close to five decades. Following in-depth research of UK-EU dynamics on environmental policy since Brexit, we offer the recommendations below as a contribution to strengthen bilateral relations for mutual benefit. for close collaboration. Whilst unlikely to be a priority subject for the UK-EU Summit on 19 May 2025, it may aid discussions on more contentious topics, due in part to the rich and intertwined history of UK and EU policy in this space, with beneficial outcomes for business and trade in support of Government economic growth objectives and environmental resilience. We believe environment and climate policy offers great potential
∞∞ ∞∞Environment and climate is a for the environment itself but also for trade policy, economic relations, energy security, international cooperation, and transatlantic relations, also affecting a range of issues addressed in the Trade and Cooperation Agreement (TCA). Long-term cooperation is beneficial shared resources e.g. in the North Sea, shared biodiversity, air quality and other issues of mutual importance for neighbours. Beyond this, the UK and the EU share fundamentally similar approaches and legislation in this area, based on law enacted since the 1970s. The shared commitment when sharp changes in US policy risk undermining progress and create pressures on UK and EU based companies to align with US priorities. This cooperation could include the potential re-joining of the EU ETS by the UK, CBAM, legislation on trade in commodities related to deforestation, and cooperation in international initiatives and negotiations ( Greater alignment is in both side’s interests benefitting the environment and reducing unhelpful trade barriers and costs for UK producers. The most promising options for alignment are standards for chemicals IEEP UK, 2024 products, including the group of EU ‘ecodesign’ standards being extended to cover more products through the new require assessment but at present there is no clear expression of intent on the UK side. There are many areas of divergence (follow changes in EU law. A proactive positive approach could be part of a UK ‘offer’, building goodwill and help balance more potentially challenging negotiations. The need to smooth potential political tensions the UK decision to ban sand eel fishing in its North Sea waters, which was contested by the EU and led to an arbitration process established in the TCA. The UK will want to continue to exercise its right to increase sustainability of marine and fisheries management, so structures to anticipate and plan for this can only be helpful. ). to address climate change and support the IPCC comes at a time cross-cutting area of policy EU Ecodesign Regulation , particularly the need to work closely to manage IEEP UK, 2024 ( IEEP UK, 2025 ieep.uk as illustrated by the | THE UK AND EU: ) where the UK has not chosen to . The case for alignment will always ), pesticides and a range of traded with implications not only RECOMMENDATIONS FOR AN ENVIRONMENTAL RESET recent dispute over | 1
IMPULSE
The Products and Metrology Bill is a useful tool in aligning UK/GB standards with often higher EU environmental product standards particularly those set through the ‘Ecodesign’ framework. It is not enough, however, simply for the Secretary of State to align with EU environmental product standards through the use of secondary legislation. That power should be the UK market. Articles 1(2) and 2(7) are particularly key and should be protected through the Bill’s passage in Parliament (Bill as introduced 4 September 2024). used to prevent lower quality products entering have the power to
Parliamentarians should consider the implications for Devolved Administrations (DA’s) of this Bill and how the intersection between reserved and devolved powers meet and how DA’s might be consulted when using powers under this legislation.
**----- End of picture text -----**
**----- Start of picture text -----**
October 2024
Diverging wastewater
policy
The implications of
**----- End of picture text -----**
April 2025 **Products & Metrology Bill** Questions for the new UK Government on its chemical policy in an international context
**IEEP UK’s work is widely referenced including in work this year by the** National Audit Office Office (NAO) and
**Technology (POST)**
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 15
TRUSTEE'S REPORT
#
# **Brexit Britain to remain safe haven for sand eels**
**Our beaches are full of sewage, rubbish and sanitary products - Brexit is to blame**
**Food Strategy board: who's on it and what will they do?**
DEFRA developing a “clean air strategy” as EU signs off tougher regulations
UK partiall
y closing waters to
**Agri policy in England: how** point **has it fared since Brexit?** “
**Policies**
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 16
TRUSTEE'S REPORT
## _**b. Objectives and plans for future periods**_
IEEP UK will continue in its aim to deliver its 2023-27 vision and strategy. At the core of this work will remain the tracking of environmental legislation across (and analysis of divergence between) EU, UK and the four nations, and making the case for the potential benefits of alignment where it would lead to higher standards. The UK Government desire for economic growth provides opportunities for alignment with legislation on circular economy, product standards, chemicals and deforestation that would remove trade barriers and increase environmental standards. There are also other areas where we would like to see greater ambition from the UK to ‘catch up’ and ideally overtake the EU, most notably around air, water quality, industrial emissions and nature restoration policy.
We will continue to draw on the best policy ideas from around Europe (including the EU, members states and across the four nations), and help facilitate the uptake of best practice back and forth on these themes whether in specific areas such as farming policy, or crosscutting collaboration, by encouraging greater UK cooperation with bodies such as the European Environment Agency and Eionet. Another main strand of work is to ensure that the governance structures in the UK and across the devolved nations are fit for purpose.
Cooperation is key to the success of all our aims, and a main aim for the coming year is to expand our partnership working and collaborative approach with civil society, business, academics, policy makers and politicians, not least with our Brussels colleagues in our sister organisation IEEP in Brussels, and other European partners. And this will be at the heart of our celebrations in 2026 of 50 years of IEEP, looking back on our biggest achievements to inform and inspire the next decade ahead.
Underpinned by the multi-year core funding secured from Esmee Fairbairn, Waterloo Foundation, other foundations, contracts and our reserves, we aim to grow and diversify our funding in order to increase our impact and resilience, by increasing the breadth of specialisms in policy and operations in the team.
Trustees would like to thank all staff, volunteers, associates, and other partners who have contributed to our work this year: Michael Nicholson, David Baldock, Ben Reynolds, Holly Tomlinson, Louise Rose, Ed Worsdell, Emma Watkins, Hannah Orme, Kaley Hart, Nigel Haigh OBE, Andrew Farmer, Clunie Keenleyside, Graham Tucker, Justin Merritt, and staff at IEEP (Aisbl), Miller Associates, Alchemiser and Aether Ltd.
## _**����������������**_
The Trustees confirm that they have complied with section 17 (5) of the Charities Act 2011 and have had due regard to the Charity Commission general guidance on public benefit. IEEP UK believes that its independent work helps to inform those developing and implementing UK (and European) policy in such a way that the results are to the benefit of the public as a whole as well as the environment. All IEEP UK’s reports are freely available on our website, and we endeavour to promote these widely.
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 17
**MUCH IS BEING SAID ABOUT THE NEW RESET DEAL, AND I KNOW THAT YOU AT THE IEEP WILL BE KEEPING A CLOSE EYE ON HOW THINGS PLAY OUT, AND OFFERING EXPERT ANALYSIS AND COMMENTARY** DAME GLENYS STACEY, ADDRESSING THE IEEP UK PARLIAMENTARY RECEPTION
g,
| Oat oe Ra dele a 2 SN NP ers "4S, 5 a a es ; ~~ Sah = a} -” a ™~ me ~ = ‘ty ’ —-T ‘iis) | WV 5aSSuRay leee i be Fol) Bas sf Fgae\ j Alia — ~— —— - ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 18
TRUSTEE'S REPORT
## **����������������**
## _**a. Financial review**_
IEEP UK’s funds have been applied in furtherance of its Objectives, as detailed above.
Total gross income in the year to 30 June 2025 was £309,698 (2024: £45,407). This is made up of income from projects of £179,694 (2024: £30,586), along with grants and donations income of £128,194 (2024: £10,000) and investment and miscellaneous income of £1,810 (2024: £4,821).
The net movement in funds for the period, after taking in gains and losses on foreign exchange, was a net gain of £24,664 (2024: net loss £214,949).
At 30 June 2025, total funds stood at £177,606 restricted funds were £14,256 (2024: £nil) and unrestricted funds were £163,350 (2024: £152,942), this is within the amount required under the reserves policy below and will be kept under review.
## **Income Expenditure**
**----- Start of picture text -----**
Projects Research projects
Grants & donations IEEP Aisbl recharge
Misc.
**----- End of picture text -----**
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 19
TRUSTEE'S REPORT
The Trustees are of the opinion that the assets of the charity at the accounting date are available and adequate, within the normal commercial meaning attributed to those words, to fulfil the obligations of the charity.
## _**b. Reserves policy**_
The Trustees consider that it is appropriate for IEEP UK to hold reserves to fund work in progress and as a guard against the risk of an uneven flow of income. The need to fund work in progress is particularly important as IEEP UK is subject to fluctuations in cash flow arising from the payment arrangements under agreements and contracts with different sponsors. To that end, the Trustees believe the reserves of IEEP UK must be maintained at a level to cover at least 3-6 months of expenditure. Whilst the Trustees acknowledge that the level of reserves is currently higher than the 3-6 month target, these are being actively reduced as we use these to co-fund our ongoing work while seeking new sources of income.
## _**c. Risk management**_
A risk assessment and management exercise encompassing the strategic direction, operations, finances and staffing of IEEP UK has been carried out and reviewed by the Trustees. They are satisfied that the major risks to which the charity is exposed have been identified and reviewed and that systems are in place to mitigate IEEP UK’s exposure to the major risks it faces. The Trustees review risks quarterly as part of an ongoing process.
TRUSTEE'S REPORT
## **����������������������������������**
## _**a. Methods of appointment or election of Trustees**_
The management of the Charity is the responsibility of the Trustees who are elected and coopted under the terms of the Trust deed.
## _**b. Organisational structure and decision-making policies**_
The Institute for European Environmental Policy, London (“IEEP London”) is a Company Limited by Guarantee and not having a share capital, and a registered charity. The charity’s registered office is in London, and it trades under the name IEEP UK.
In accordance with the Articles of Association and provisions of the Companies Act 2006, Trustees/Directors are appointed by applying in writing to become members of the company, and are proposed for election, by the members, as a Director and a member either by ordinary resolution at a general meeting or by written resolution and appointed, if the resolution is agreed by a simple majority of those eligible to vote. Board Directors automatically become the charity’s Trustees on appointment. Trustees/Directors serve for a term of three years, renewable for two additional terms with a maximum of three consecutive terms, i.e. nine years in total.
There are currently six Trustees that maintain responsibility for the charity’s strategy, financial, governance and risk management that meet at least four times per year. The Chair of the IEEP UK Board is also a member of the IEEP AISBL Board and vice versa. The Board are actively looking to increase the number of Trustees for IEEP UK over the coming year.
The IEEP UK Trustees appoint the Executive Director of IEEP UK and delegate to them responsibility for selecting other staff and for the day-to-day management of the charity. The Trustees also appoint the Company Secretary, a role currently performed by the Executive Director.
Trustees are recruited as individuals who bring relevant skills and experience to the Board. Recruitment takes place via contacts in organisations that have environmental interests and expertise or more widely when a particular type of more general management experience is sought.
Induction of Trustees includes being provided with relevant information about the charity and briefings from the Chair of Trustees, the Executive Director of IEEP UK and meetings with staff and other Trustees as appropriate. Trustee training is made available to those new to trusteeship and where new issues arise.
## _**c. Internal review of policies**_
IEEP UK has set up a new process to review its internal policies more regularly and ensure it is embedding the best practice for the charity sector in its operations. This has identified a number of key policy areas that the organisation will develop and adopt over the coming year with the support of trustees, and through review of progress at the quarterly board meetings.
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 21
TRUSTEE'S REPORT
## _**d. Key management and setting their remuneration**_
The key oversight and scrutiny functions for IEEP UK are carried out by the Charity’s Trustees, who are not remunerated.
## _**e. Relationships with others**_
In the year, IEEP UK had one significant associate institution, which was IEEP AISBL.
Since the reorganisation of IEEP in 2022, following the exit of the UK from the EU, IEEP UK has had a significant association with IEEP Aisbl with which it works together very closely. In light of the shared objectives of IEEP UK and IEEP Aisbl, the Boards of the two entities agreed to the principle that the two institutions should be operated separately, but there would be full cooperation between them. To this end a Cooperation Agreement was put in place between the two bodies which entered into force on 1 July 2022 for a three-year period. Having worked well, this is now being reviewed by both entities towards an updated agreement commencing in the second half of 2025. Throughout the reporting year, IEEP UK has continued to enjoy strong links and cooperation with IEEP Aisbl.
Much of IEEP UK’s work is sponsored by other charities and organisations, and the Trustees are extremely grateful to the following funders and clients for their support including: the Land Use Policy Group, the Sustainable Nitrogen Alliance (via the Soil Association) and UK CEH, the Office for Environmental Protection, EU Delegation to the UK, Esmee Fairbairn Foundation, Impact on Urban Health and Waterloo Foundation.
## _**f. Fundraising**_
The charity does not carry out any public fundraising.
The above report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with FRS 102.
Approved by order of the members of the board of Trustees and signed on their behalf by:
|Malini Mehra (Mar 9, 2026, 5:35pm)|Simon Kearey (Mar 6, 2026, 8:46pm)|
|---|---|
|**Malini Mehra**|**Simon Kearey**|
|**Chair**|**Trustee**|
||(Honorary Treasurer, appointed October 2024)|
|Date: 24/02/2026|24/02/2026|
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 22
**SINCE BREXIT, EUROPE HAS DEMONSTRABLY CONTINUED TO ADVANCE IN HEALTH, WELLBEING AND THE SAFETY OF ITS PRODUCTS — EVEN IF, AS THE EUROPEAN GREEN PARTIES REGULARLY POINT OUT, STILL FAR TOO SLOWLY — WHILE THE UK HAS BEEN SLIDING FURTHER AND FURTHER BEHIND. I WANT TO PARTICULARLY NOTE THREE BRIEFINGS THAT I RECEIVED BEFORE THIS DEBATE FROM THE GREEN ALLIANCE, FRIENDS OF THE EARTH AND THE INSTITUTE FOR EUROPEAN ENVIRONMENTAL POLICY (UK).** BARONESS BENNET OF MANOR CASTLE, SPEAKING IN HOUSE OF LORDS DEBATE ON THE PRODUCT REGULATION AND METROLOGY BILL
**----- Start of picture text -----**
tage ieep.uk - Bare | ANNUAL REPORT > teea on AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 < wy. aean . ko <¥e SS ee aS | a 23 ee
**----- End of picture text -----**
## **INDEPENDENT EXAMINER**
Price Bailey LLP was appointed as Independent Examiner. As independent examiner, Price Bailey LLP will automatically be deemed to be re-appointed under the provisions of the Companies Act 2006 until further notice.
The above report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with FRS 102.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Malini Mehra (Mar 9, 2026, 5:35pm) Simon Kearey (Mar 6, 2026, 8:46pm) **Malini Mehra Simon Kearey Chair Trustee** (Honorary Treasurer, appointed October 2024)
Date: 24/02/2026 24/02/2026
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 24
**INDEPENDENT EXAMINER'S REPORT**
## **(‘the Charity’)**
I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 30 June 2025.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Price Bailey LLP have provided book-keeping services to the Charity. I have applied the FRC’s Revised Ethical Standard.
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed
member of the Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.
the examination giving me cause to believe:
1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.
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 accounts to be reached.
Signed: Dated: 13 March 2026
**Suzanne Goldsmith FCA** Price Bailey LLP Chartered Accountants 24 Old Bond Street London, W1S 4AP
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 25
## **STATEMENT OF** FINANCIAL ACTIVITIES
## **For the year ended 30 June 2025**
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2025|2025|2025|2024|
||Note|£|£|£|£|
|**Income from:**||||||
|Grants and Donations|4|90,000|38,194|128,194|10,000|
|Charitable activities|5|179,694|-|179,694|30,586|
|Investments|6|1,633|-|1,633|4,411|
|Other income|7|177|-|177|410|
|**Total income**||271,504|38,194|309,698|45,407|
|Expenditure on:||||||
|Charitable activities|8|261,019|23,938|284,957|259,555|
|Total expenditure||261,019|23,938|284,957|259,555|
|**Net movement in funds before**||||||
|**other recognised gains/(losses)**||10,485|14,256|24,741|(214,148)|
|**Other recognised gains/**||||||
|**(losses):**||||||
|Other (losses)||(77)|-|(77)|(801)|
|Income/ (expenditure) inthe||||||
|**year being net movement in**||||||
|**funds**||10,408|14,256|24,664|(214,949)|
|**Reconciliation of funds:**||||||
|Total funds brought forward||152,942|-|152,942|367,891|
|Net movement in funds||10,408|14,256|24,664|(214,949)|
|**Total funds carried forward**||163,350|14,256|177,606|152,942|
The Statement of Financial Activities includes all gains and losses recognised in the year.
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 26
## **BALANCE SHEET**
## **As at 30 June 2025**
||||2025||2024|
|---|---|---|---|---|---|
||Note||£||£|
|Fixed assets||||||
|Tangible assets|12||2,016||1,657|
|**Current assets**||||||
|Debtors|13|52,871||13,622||
|Cash at bank and in hand||136,404||160,190||
|||189,275||173,812||
|Creditors:||||||
|amounts falling due within one year|14|(13,685)||(22,527)||
|**Net current assets**|||175,590||151,285|
|**Total net assets**|||177,606||152,942|
|**Charity funds**||||||
|Unrestricted funds|15||163,350||152,942|
|Restricted funds|15||14,256||-|
|**Total funds**|||177,606||152,942|
2006 relating to small companies.
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records with section 476 of the Act.
behalf by:
**Malini Mehra** Malini Mehra (Mar 9, 2026, 5:35pm) **Simon Kearey** Simon Kearey (Mar 6, 2026, 8:46pm) **Chair Trustee** (Honorary Treasurer, appointed October 2024) Date: 24/02/2026 24/02/2026
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 27
**NOTES TO THE** FINANCIAL STATEMENTS
## **1. General information**
Institute for European Environmental Policy, London is a company limited by guarantee, governed by its Memorandum and Articles of Association. Every member undertakes to contribute to the assets of the company, if it is wound up, a sum not exceeding £1. As at 30 June 2025 the company had 6 members (2024: 6). The company is a registered charity (charity number 802956). The
London, W1W 7LT.
## **2. Accounting policies**
## 2.1
- 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 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
and rounded to the nearest £1.
- 2.2 _Going concern_
The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these Financial Statements. The trustees have made this assessment in respect to a period of one year from the date of approval of these Financial Statements.
The trustees of the charity have concluded that there is no material uncertainties related to
The trustees have considered the level of funds held and the expected level of income and
going concern.
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 28
NOTES TO THE FINANCIAL STATEMENTS
## 2.3 _Income_
Income is recognised when the Institute becomes entitled to the income, it is probable the amounts will be received, and the amount can be measured with reasonable certainty.
Grant income is recognised in full when the Institute becomes entitled to the income unless it
Income receivable under performance related grants and contracts for services provided are recognised to the extent that the relevant work has been performed. Income received in advance of work performed is deferred.
Grants are considered to be restricted where the donor attaches conditions to the use of funds and where the outcome will remain in the public domain. Research project income is where the
core activities.
Interest on funds held on deposit is included when receivable and the amount can be measured
## 2.4 _Expenditure_
All expenditure is accounted for on an accruals basis. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to make a payment to a
the amount of the obligation can be measured reliably.
All support costs, including governance costs, have been allocated to expenditure on charitable activities, which otherwise comprises expenditure on the charity’s primary charitable purposes as described in the trustee’s report.
## 2.5 _Interest receivable_
Interest on funds held on deposit is included when receivable and the amount can be measured
institution with whom the funds are deposited.
## 2.6 _Foreign currencies_
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Incorporating Income and Expenditure Account.
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 29
NOTES TO THE FINANCIAL STATEMENTS
## 2.7 _Taxation_
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance
purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## 2.8
assets over their estimated useful lives by equal annual instalments. The estimated life of the
condition should be included in the measurement of cost.
over their estimated useful lives, using the straight line method.
Depreciation is provided on the following basis:
_Computer equipment -25% straight line_
## 2.9 _Debtors_
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## 2.10 _Cash at bank and in hand_
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## 2.11 _Liabilities and provisions_
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a
the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 30
NOTES TO THE FINANCIAL STATEMENTS
## 2.12 _Financial instruments_
subsequently measured at their fair value as at the balance sheet date. Fixed assets are measured
their fair value. Financial assets include the bank balances, trade debtors and accrued income, but excludes prepayments. Financial liabilities include trade creditors, other creditors and accruals but excludes deferred income, social security and other taxes due.
## 2.13 _Pensions_
the amounts payable by the Charity to the fund in respect of the year.
## 2.14 _Fund accounting_
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
## **3. Critical accounting estimates and areas of judgment**
There are no judgements or critical accounting estimates which have been used in the preparation
## **4. Income from grants and donations**
||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2025|2025|2025|2024|
||£|£|£|£|
|Grants and donations|90,000|38,194|128,194|10,000|
All income from grants and donations in 2024 was unrestricted.
## **5. Income from charitable activities**
||2025|2024|
|---|---|---|
||£|£|
|Research projects|179,694|30,586|
All income from research projects in 2025 and 2024 was unrestricted.
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 31
NOTES TO THE FINANCIAL STATEMENTS
## **6. Investment income**
||2025|2024|
|---|---|---|
||£|£|
|Bank interest received|1,633|4,411|
|All investment income in 2025 and 2024 was unrestricted.|||
|**Other income**|||
||2025|2024|
||£|£|
|Compensation and royalties received|177|410|
|All income from compensation and royalties received in 2025 and 2024 unrestricted.|||
## **7. Other income**
Summary by fund type
||Unrestricted|Restricted|||
|---|---|---|---|---|
||funds|funds|Total|Total|
||2025|2025|2025|2024|
||£|£|£|£|
|Direct costs - Research|||||
|projects|240,963|23,938|264,901|240,272|
|Direct property costs|-|-|-|2,318|
|Support costs - IEEP Aisbl|||||
|recharge|20,056|-|20,056|16,965|
||261,019|23,938|284,957|259,555|
support as part of achieving the Institute's charitable activities.
In 2024 all expenditure was unrestricted.
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 32
NOTES TO THE FINANCIAL STATEMENTS
||2025|2024|
|---|---|---|
||£|£|
|Fees payable to the Charity's independent examiner|||
|for the independent examination of the Charity's|||
|annual accounts|2,600|2,600|
|Fees payable to the Charity’s independent examiner|||
|on respect of assurance services other than|||
|independent examination assurance services other|||
|than independent examination|5,890|10,120|
|**Staff costs**|||
||2025|2024|
||£|£|
|Wages and salaries|185,078|151,313|
|Social security costs|13,379|7,381|
|Pension costs|9,447|9,247|
||207,904|167,941|
## **10. Staff costs**
contributions payable by the Charity to the fund and amounted to £9,447 (2024: £9,247). Contributions totalling £4,643 (2024: Nil) were payable to the fund at the balance sheet date, and are included in other creditors in the accounts.
During the year, redundancy payments were made of £Nil (2024: £949) in regard to one individual.
The average number of persons employed by the Charity during the year was as follows:
||2025|2024|
|---|---|---|
||No.|No.|
|Employees|5|4|
Total remuneration for the year (including social security and pension costs) of the key management team comprising the Executive Director and Executive Management Group was £150,835 (2024: £121,386).
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 33
NOTES TO THE FINANCIAL STATEMENTS
During the year ended 30 June 2025, expenses totalling £Nil were reimbursed or paid directly to Trustees (2024: £1,190 to 3 Trustees covering travel, accommodation and subsistence.
|||Computer|
|---|---|---|
|||equipment|
|||£|
|Cost|||
|At 1 July 2024||2,459|
|Additions||1,063|
|At 30 June 2025||3,522|
|Depreciation|||
|At 1 July 2024||802|
|Charge forthe year||704|
|At 30 June 2025||1,506|
|Net book value|||
|At 30 June 2025||2,016|
|At 30 June 2024||1,657|
|**Debtors**|||
||2025|2024|
||£|£|
|Trade debtors|45,593|10,554|
|Prepayments|7,078|3,068|
|Other debtors|200|-|
||52,871|13,622|
## **13. Debtors**
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 34
NOTES TO THE FINANCIAL STATEMENTS
## **14. Creditors: Amounts falling due within one year**
||2025|2024|
|---|---|---|
||£|£|
|Trade creditors|4,004|2,548|
|IEEP Aisbl|1,755|8,254|
|Other taxation and social security|683|6,325|
|Other creditors|4,643|-|
|Accruals|2,600|5,400|
||13,685|22,527|
## **15. Statement of funds**
Statement of funds - current year
|Balance at|||Gains/|Balance at|Balance at|
|---|---|---|---|---|---|
|1 July 2024|Income|Expenditure|(Losses)|30 June 2025||
|£|£|£|£||£|
|152,942|271,504|(261,019)|(77)||163,350|
|-|38,194|(23,938)|-||14,256|
|152,942|309,698|(284,957)|(77)||177,606|
|Balance at|||Gains/||Balance at|
|1 July 2023|Income|Expenditure|(Losses)|30 June 2024|30 June 2024|
|£|£|£|£||£|
|367,891|45,407|(259,555)|(801)||152,942|
|367,891|45,407|(259,555)|(801)||152,942|
## **16. Related party transactions**
At the year end £1,755 (2024: £8,254) was due to IEEP Aisbl, an entity whom IEEP UK work in
Brussels and Herman Wolters and Malini Mehra are common Trustees of.
ieep.uk | **ANNUAL REPORT** AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 | 35
**The Institute for European Environmental Policy UK (IEEP UK)** is a sustainability think tank with over 45 years of experience. As part of the broader IEEP family, we are committed to advancing evidence-based research, analysis and policy insights in the UK and its interaction with policy in the EU and globally. For more information about IEEP UK, visit **www.ieep.uk** or follow us on Bluesky **@IEEP_uk.bsky.social** and **LinkedIn** .