Charity Ilegistration No. 1087973 Coinpany Ilegistration No. 04127151) (England and Wales) THE EUROPEAN JOURNAL OF INTERNATIONAL LAW ANNUAL IIEPORT AND UNAUDI'fED FtNANCIAL s fA TLIMCN'rs roR THE YEAR ENDF.D 318T DECEMBER 2023
TFIE EUROPEAN JOURNAL OF INTERNATIONAL LA W LEGAL AND ADMINtSTRATIVL INF"OIIMA'I'ION FOR THE YEAR ENDBD 3 1ST DLC,I- MBLR 2023 TRUSTEFS,. P G Alslon R Dehouse PM R J Dupuy B E Siinma J 141-I Weiler S M 14 Nouwen SLCRBTARY.. P G Al8ton CHAtUl'Y NUMBER: 1087973 COMPANY NUMB1?. 04127150 PRINCIPAL ADDRESS: Law School New York University 40 Washingtoll Square New York USA NY10012-1099 RLGISTERf,D orriLE', 115c Milion Road C<unbridge CB4 IXI INDLPENDENr rxAMINER: Prontis & Co LLP l15c fvtiltoii Road Cambridge CB4 IXL BANKERS.. Tho Co-operative KiThgs Valley Yew Street 8tockport Chesliire S'K4 2JU
TFIE EUROPEAN JOURNAL OF INTERNATIONAL LA W CONTENTS FOR I'HE YEAR ENDfD 3 1ST DECEMBER 2023 PAGE.. 'rTUStee's Report Stal'em8nl of 'I'rustees' Rcsponsibilities Independent ExnIneS Repoi't Stateinent of Financial Activitics Bal&n¢e 8heet Notes to the Finl¢la1 Stat'ements 7- 11
THE EUROPEAN JOURNAL OI,. INTERNATIONAL LA W PAGB I TRUS"fEES' RF.PORT (INCLUDING DIIIECI'ORS, REPOAT) OR I'HF. YEAR r.NDED 31 ST DECF.MBEII 2023 The trn5tees present their annual report and financial siaternents for th¢ year ended 31 st Dccomber 2023. 'I'he fmancial statements comply with the Charities Act 201 I, the Cornp2mies Act 2006, the Memorandum and Articles of Association, and Accounting and reporting by Chanties: Statement of Recoinmended Practi¢c appli¢&ble to charities preparing their accounts in accordance with ihe Financial Reporting SiandaTd applic&ble in the UIC aiid Republic of Ereiand (FRS 102) (effective from I st January 20 19). Strucl'urL'y govorDance and managemenl. Th¢ European Journal ofIDtemattonal L&w is a cOmp[Y limited by guarantee alld a regi5tcred charity goverlled by its Memorandum and Articles of Association. Charity nutnber: 1087973, Company number. 04127150. Th¢ charity is a cojnpany limited by guarantee and h&s no share capital. The liabilily of eacb rnemb¢r in the ovent of wiiiding-up is limited £1. The trustees, wlio are also tL)e directors for Ihc purposcs of comiiaiiy Idw, and who served duriiig the year and up t'o the date of signature of the 'FLnanc&al sldtements were,, P G Alston R Dehousse PMRJCDupuy BESimm J14 H Weiler S M H Nouwen Pay policy for key personnel 11]e truslees are coThsidered to be k¢y personnel of the charitable company in charge of directing and contrDlling the elurilable cotnpany on a day tu day basis. 'I"he truslees g'ive their liine fi'eely and iio trusteL received remuller&tioii in the ycar, Ob.jectiv¥s and activities The objecl5 of the chai'ity are to advance education in th¢ field of internation(tl law by malcing grants lowards charitable iiclivitie8 conngutLd with s¢holarship> by the publiLati()n and disseminatioll OF academic journals for thL beiiefit ofthe public and by such oth¢r exclusively cliltab]L meaiis tlie board shall iii th¢ir absolute discrction determine. Public beijefit 'l-he charily's piiblisli¢d juui'iial (The European Journal of International Law) (ind grallt maknng aotivities are for the benefit of thc gcneral public. 1.he trustees havc paid due i'egarLI to guidancc issued by the Charity Commission in deciding what activities Ihtt Lhaiity sliould undertal<c. Risk managcment The trustees have assessed th¢ inajor risks to whicli tbe Lharily is cxpoqed, and are satisfied Lli<il syslcins are in place to miligate exposlire to thL niajor risl<s. Achicvcmcnts lld performance During the year tho company received Ua] royalty income. The journal continued to encourage ¢ind facilitate active discussion o'f k¢y issues concerning international law and global governance and lli<iintained it,1 pusition as pcrhaps the leddllig jourllal iii kts field.
EUIiOPEAN JOUKNAL 01., INTBRNATIONtll. LAW PAOE 2 TRUSTBES, REPORT UNCLUI)tNG DIRF3cfoRS' RBPORT) (CONTINUBD) IVII'II.IE YF.AR ENDED 3 1ST DJ3CbMBER2023 PlaKs for the futuro EJIL ivill work toward8 meeting ILS own (And I'w¢)thy revi3¢d) iTrdiBTrilor8 forsucce5s. BJtL Is'an eeosyslom lor r¢tleotioTr on illlemulional18w. C0179TSting oFthe joi1rn, the blog EJIL,, 1'alkl, tli¢ podcast EJIL: 'fhe Pod¢aBII, Ilhc video sei'l¢8 IZJIL; Liv¢$ aAd 20¢1&l m¢dla pv¢s¢nc¢. lThe ¢¢osysin 1$ MOK (ban Ihe sum of ils pails; Ihrough ¢lose collabo1.lOtt, lh¢ parts of thc fjw8yStthi allow tkQW idoa8 about Inlttmational law to ro&¢h th¢ 11rogdt POS51ble 4udienoe. Wlih ils openness ¢0 dlverne 8tyle8 and RPPT¢)A¢he5 to internedonal l¢&RI s¢holaTElilp And #volvlnsrubrlLy iYhli41 niirtur¢ Ilsllttrl modos of scholarsl)Ip and fosiur d¢bal6 un t¢nt wnlrov¢rslal issues, the joumdl olT¢rs r¢adeLS and HuthtsLY & unlqiie opportunity to engago iyith leBding thinking on inlerDational laiy, Wa aiitt for each Issue to ptovid¢ a meiiu of artirl¢$ fwom whloh any Inlernailonal Laiv scholar, re8aJ'dles8 oSsp¢clfi¢ int¢r¢sis aThd spc¢talixulion, will find arti¢le$ of i'elevah¢tr attd iAtei'¢&t. Elll, aims to fo$l¢r Inl&llectual coinmuiilly ftnd ihis commilinont Is fleCted In IheJouniaf8 edStlnLv and wvicwliig pra¢tlc¢5. EJIL undertak¢s ¢xl¢nslv¢ cn8agcin¢i)twith xubmiil¢d artiGIB5, Ihe momen¢ of submi8Eion lo di8YCIMinf41ion, with a Vkelv lo publishin8 artl¢las %vith ft Ivnts sb¢lf lifo Ihot g¢norate disc115SiOn. Th¢ phllosophy bf our rcvi¢w proooss is Iliat there18 noihlllg th81 is so good il ¢aiiiiol bo bott¢v. Even arti¢icÉ trl¢arly d¢811ll¢d for publicalion lypicully rcceÈve ¢ommcnls and suggcstions, FJIL takn3 8pe¢i#l prlde ID pub115hittg Ilio work of ¢aTly career $thola¥s as 4v¢n 4 curstsry l¢Jok at 8uc¢og$ive Fabl¢ of conlonls ivill rtsvt&l. All llrti¢les ar¢ avftilable In Ilree ACcS one year aft¢rpublicadon In IbLFJEL 'I'o a¢ce8g its oiyn porform8ttce, EJII. looks el, other Iliings lh¢ nunibcr orhigh0lity submisgi0113' tho number of years Ihnt A contribu(ion is downloaded oi. acc¢3sod. the Mmb¢i' ofp¢er revlow4rs wlllEtill to rcyl for Ihejournal Ynd ih¢ quallty oeth¢lr r¢vlews; and Iho IA¢luslvenass across vadous llJlL m¢dia In iomi& UF topi&%. appro#¢hes, methods. forms, subfields of IIiLtktsatlon81 law and the dlv$rslty ofaulh015 and intyrlowlol's. IL also ¢ar abollt fost¢rints tRleni And consci(yJ$ly engages wilh praoticos of kntswl¢dgè prtsductioll. chftllengln£ negative practi$ in acadernla. Wh¢ilKi' it is Ihe Jownal, Ilic blog ili¢ pod1 or tho Yitho-8oJ'l¢4 EJIL thspI5 to be Ih¢ obvious go40.place for tntciTratsonal law. Fintsii¢ial reylow As slaied, th# cli?rity rcsoivcs pollcy is ID Inaintdln &iablL) capltal by in¢iii'rinE minimal cxpTrlldl(ure ¢0s1s. I'ho tYusiLg report ivas approved by tlie L4oai'd of1'N8Iccs. Alston
TIIE EUROPEAN JOUIiNAL ()I,- INI"EIINATIONAL I,A W PACJF. 3 STATFMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 ST DECEMBER 2023 The trustees, who are also dircctors of I'he European Journal of International Law for the purpose of cotllpany law, are responsible for PTeparing the Truslees, Reporl and the financial statemenls in accordance with (tpplicablc law and United Kingdorn Accounting Slandards (Uniled Icingdom General Acccpted Accounting Praclicc), ConLpally and Charity Law requires the trustees to prepare fillancial stateinents for each financial year which give a Irue and fair view of the slate of affairs of the clwitable compltny dnd of the incomllig resources aiid application of re50wces, includiiig the incoine and expenditure, o'f the charitable company for that year. In preparing these financial statements, tbe trustees are required to: seleGt suitable accounting policies and then apply ihein consistently. observe ihe methods and principles in the Charities SORP; - make judgements and eslimates thdt are reason<ible and prudcnt; State whether applicable UK Accounting Standards have been followed, subject to any material dcpartures disclosed and explained in the financial statements; and - prepare th¢ fanCIal stafrments un th¢ going ¢onc¢rn basis unless it is inapproprial'e to presume (h&t Lhe chiirity will continue in operation. Tlie trustees are rosponsible for Iceeping ¢idequale accounting iycords that. disclose with reasonable accuracy at ny time die financial posit'ion ofthe cliarity and enable thetn to en5urc that tli¢ financial slalements corllply with thc companies Act 2006. They are also responsible for safeguardiiig iho ass¢ls of the charity henci for Idl<ing rcasonable stcps for thc pi-cveiilion Lind detectio]] of fr¢iud (Ind othoi. ilTegLilaTilies.
TFIE EUROPEAN JOURNAL OF INTfsRNATIONAL LAW PAGI? 4 INDI,PENDENT EXAMINER'S REPOII"I" TO T14F TLiUSTLES OF I-FIE LUIIOPEAN JOURNAI. 01," IN'fERNA'fioNAL LAW FOR TFIE YEAR CNDED 31 SI, DECEMBER 2023 I I'eport lo the ¢harity trustees on Lny examination of tlie accounts ol the Cliaritable Company for Ihe yeai. ended 31 st Decembei. 2023. RESPONSIBILII"ES AND BASIS or KEPORT As the chai'ity's trustees of the Ch¢iritable Coinpany (and also it5 directors for the puiposes of coinpany law) you are responsible foi. the preparation of tlie accounts li) accordaiice witli the r¢quiTeinents of the Coinpanies Act 2006 ('the 2006 Act,), Flaving satisfLed Lnyself tliat tli¢ accounts of the Charitabl¢ Company al'e not to be auditcd under Part 16 of the 2006 Act aiid eligible foi- independellt ¢xaLnin&tion, I report in respect of my exaniinatioii of your ch'ItY'S &ccounts < CaLed out under section 145 of the Charities Act 201 I ('the 201 l Act,). In carrying out my examination I have followed the DÉrectioiis given by the c'11Y Coinmission under section 145(5)(b} of tlie 201 l Act. INDEPENDENT EXAMINER'S STATEMENTS I havc coinplelLd my examination, I confiL'm tlial. Lio Inattei's have coinc to illy altcnlion in coiinection with ihe examin&lion giving Ine cause to b¢lievc', accounting i-ecords were iiot kept in respect of tlie Charitable Company as requii-ed by section 386 of tlie 2006 Act. or 2, the accounts do not accord with those i'ecords. or 3, Ilie accouiit's do not coinply with the accounting reqliirements OF section 3 96 of the 2006 Act other than any reqiiii'ement that tlie accounls give a 'truc aiid r(iir' view which is not a matlei. considered as part of an indcpendent examination. oi. 4. t11e accounts have not be prepaL'ed iii accordance with the Inethods and pi'inciples of tlie Statemcnt of RecomLnended Practice foi. accounting &nd repoi'ting by charities (applicable to Charities pi'ep&ring Iheir accounls in accordallce with tl)e Financial ReporLing Standard applicable in the UK and Republic of Ireldiid (FRS 102), I have no concerns aiid have come across no other mdtters in connection with the exainination lo wliich altcnlioii should be drawn in this repoi't in order to enable a proper uiiderstandiELg of accounts to be Leachcd. NIGEL A PRLNTIS F"CA roR AND ON BEIIALF OF, PRf.NTIS & CO LLP CHARTEIiED ACCOUNTAKrs & INDEPENDENT EXAMINERS I l5c Millon lioad Cambridge CB4 IXC
T14E EUROPEAN JOURNAL OF INTERNA'fIoNAL LA W 8TAI'EMENT O.F fJNANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR I'HE YEAR ENDED 31 SI. DECEMBER 2023 lJnrestrict¢d Unre,gtricled 2023 2022 Note Income and endowrncnts from: A¢tiviti¢s for generating funds 84,537 83,329 Expeiiditure on: Charithble activitics 72,080 83,216 Not ineoEnc for the yearl Ncl incoming rebources 12,457 113 Other recognised gains aiid losscs Other (losses) or gains Net movomL'nt in funds (4,221) 8,236 8,248 8,361 und balaDces at 1st J1uarY 2023 489.587 481,226 Fund balaiic¢% at 31st December 2023 497.823 489,587 I'lic StstLineiit uf financial Activilies includes ¢ill gains and lusseb reiognised in ihe ylar. All inLorne and expenditure derive fruin continuiiig acliviti¢s. All incoinc and expenditLire 15 Ot'dli unrestricted naturc. rhe Stilteiment of I'"inancilc l Activitigs a150 coinplies wKtli lh¢ r¢quirLinLnls for in¢onic and cxpeiidiLLITe account uiidei. tho Companies Acl 2006 'I'lie notes on pages 7 lo I I fomi part of th¢se finèwGial sl¢ilements
THE EUROPLAN JOURNAL OF IwfBRNAllONAI. LAW PAQE 6 BAI.ANCE SHELIT roR TI.IE YEAR ENDED 3 ISI. DIICEMBETi 2023 2023 2022 Nolo Fixed Assets I'&nglblc as$olS 63 202 CvrroMI Assds Debiur8 Ciih al b&nk aiid in band io 142,277 J81,848 524,125 I14,629 404,046 518,67S Cv¢dllor$', pnioun15 f#lllD¥ du¢ wllhlii tsliL¥ yoai. (26,365) (29,290) N¢t Cumnl Assets 497,760 497,82J 489,385 Total &s8ets Ios9 eiii'i'olll IlabSlltles 489,587 fund$ Unwslri¢ted thnds 497.82J 489,587 '1lis dlYe¢toi's eonsid8r iho ¢haviiible conlpaiiy ia ontiilod lo ¢t10th froiii the requi1m¢t lo hovo An audit uiidcr th¢ provlslons ofseotioi) 477(1) of Ihc C¢)mponics Acl 2006. Mombors h&v¢ nol QuI1*d th¢ oamp4iiy urtdor S¢clio 476 of Ilie Cth)p&nles Acl 2006 to obiHiii an gudil for Ilie ycar riidod 3 1st D01b¢r 2023. 1'h¢ dlYeLlors ackttowl¢dg£ tlieirj.pon8Lbjjlt1fj5 foi. ¢1Ul17 Ihat Ihv chEwilablB cojnpaiiy keeps aGcountlThg records whi¢h tomply wlih Section 386 and 387 of the Co11¢5 AGI 2006 and fo¥ pt#parkn8flnancl813tslpmonL% wlilch glve a true aiid fair view ofthe slite ofaffrtlr¥ of ili¢ ¢liai'liabl¢ ttompally as at 31&1 Dcrcinbcr 2023 and of its suiylus for Ili¢ yr thon ¢nd¥d i Ccolall# willi IhB I'Bguircinenls ofs¢¢Llon 396 and wl)icli ollierwiso roiiiply willi IIJC ruly¢¢nts orth¢ A Irlullng Lo th¢ finaTh4i&l sl&temoiils a8 f&r gs appli¢abltt lo ilie ¢lif4ritabl4 company. 'rh8 fillincial st•l¢m¢nls, wlilc]I bocn pyepared In o¢cord&n¢¢ with th¢ sp¢oi81 provislOtI8 r¢latins10 Coiiipattl¢$ subject Ilie small coft)p lies r¢glmB wl hili Part15 ofihts Coinpanie5 Act 2006, ¥¢ approved by lh¢ board 0 7..... ......,.... and $i8nd li behalr. paAItho 'rrnstee COvaY Mgl8trailon Thrtber 04127150 Tlie nolos oli pag¢s 7 to I I foyin part ofili¢sB finaiicl81 slaleinenls
I'IIE fuROPLAN JOURNAL OF IN fEIINA fIoNAI. LA W NOTES TO THE fiNANCIAI. STA TBMEN'I'S roR I'HE, YEAR ENDED 31 ST DECEMBER 2023 Accounting l)olicies Ch4rity Information The European Journal of International Law is a company limiled by guarantee incorporated in England and Wales, and a registered charity governed by ils Mcmorandum and Articles ol Associatioii. The r¢gisleTed office address is I15c Milton Rod4 Lambridge, CB4 IXF.. Every mcmber of Ihe company ulldertakes lo contribut¢ lo th¢ asscts of the comp4tny. in the cvent of a wiiiding up) 5uGli an amount as may be required not excecding £1. B&sis of preparation of fliianclal statements Tli¢ financial Statements bave been pi'epared in accordance with Accounting and Reporting by Charities.. stst¢meiit o'fRccominended PractRce appLicdble to ChItIeS preparing their accounls in accordance with the Financial Ileporting Standtd applicable in the UK aiid Slcpubli¢ of Ireland, {FIIS 102) (ttffeclive 1st January 2019) - Charities SORP (FRS 102)), the financial Reporting Standard applicable in the UK and Republic of Ireland (r.RS 102) and tbc comp£]eS Act 2006. The charity ha5 taken advantage of the provision in the SORP for charititss applying FIIS 102 Update Bulletin I not to prepare a Stat¢m¢nt of Cash Illows. Th¢ fLnaiicial slatenients are prepaird in sterling, which is the'functiollal curre11cy of tlIL chai'ity. mOncl.Y amounts in these fancI(11 statements are roundLd lo the nearest £. The fiThancial stateinents have been prepared under the historical cost convention. "Ilie principal accounling policies adopted are set out below. 'I'he charity cunstitules a public benefit entity as defined by FRS 102, GoinLW conccrii At the time ofapproving the financial statements, th¢ Irustccs have a reasonable exp¢ctalion Ibat th¢ chdrily IS adequate resourccs lo continue in operatiunal existeiiLC for the forcseeable futLire. Thu5 the trustccs continue to adopt the going conccrn basis of accounting in pi.ep1llg lh¢ 'financial slateinents. ChAritable funds Funds held by the charity arc all of an uni'estricted geiier(Il natLire wliich be ll8ed in accordance willi tlic charitable objcctives at ihc di.8crction of the Iruslees. Incomc Income is recogpised wtLen thc cli<irity is legally enl'itled to it after ¢illy P¢L'forniaiice conditioiis have been LlleL the amounts Clin be me4Asured reliably, alld it is probable that income will bo received, Expenditurc Expenditiii'e is recogniscd on¢¢ Iher¢ iq a legal or constructive obligatio]] to ti'ansfer economic bcncfit. lo a third p(tity, it i5 probable thilt a transfcr o'f economic benefits ivill be reqLiired 8clllcmcni, aL)d Ihe ¢iinounl' of the obligation ctin be me¢lSUltd reliably, ExpeJ]dilure is classificd by activily, 'J'he costs of e&ch activity are made up of the lotal of direct costs and sliared costs, including support. costs involv¢d in undert'aking each activity. Direct costs attributable lo a single activity arc allocated directly to that aGtiVlty. Shared cosls which contribute to Lllore than onc aclivity and support cosls which 11 re not attributable to a sing]e activity are apportioned betweeii those activilies on a basis consistcnl witli die use of resources. Centi-al slriff costs ilTe dllocated on the basis of timc spent, and d¢prociation chargcs are allocated on the portion of the a55et's use. Rcsources expended arc includ¥d in the Siatcinent of Finaiicial Activities on an accTuals basis, inclusive OIVAI. wliich cannot be recovered.
'rHL EUROPEAN JOURNAL OF INTIRNATIONAJ. LAW NOTE8 TO T14E FINANCIAL s'fAI'LMENTS FOR THL YF.AII BNDEI) 31 ST DECFMBER 2023 Tangible fixed assets Tangible fixed assets are initially tneasured at cost and subsequently measw'ed at cost or valuatior), net of depreciation and atLy impairment losses. Deprecial'ion is recogllised so as to wril'e off the c05t or valuation of assets les5 their residual values over their us¢ful lives i)n the fi)Ilowing bases: Fixtures, fitl'ings aiid equip]nent Cotnpuiers 25 /0 strai ght line 25ts/o Straight line Cayh and cash eqvival¢nt5 Cash and cash equivalents include caslL ill hand, d¢posit,8 held at call with banlcs, other sliort-tcrm liquid investmenlE with original nmlurities of three months or less, and bank overdrafl's. Bank overdrafts arc shown within botTowings in Cuent. liabilities. r< ijiancial instrumeiit5 Th¢ charity has elected to apply the provision of Section I I 'BasLC fillancial Instruineiits, and Section 12 Other Financial Instrument's Issues, of fRS 102 to all of its fmaThcial instrumcnl%. Tr'Lnaiicial insts'uments are reColSed iii the charity's balance sh¢¢t when the rliarity become8 party lo the contractual provisions of the instrutnent. Financial assets and liabilities are oifset, wilh the net aLnounis' presenled iii tho findl)cial stalenients, when there is a legally enforceablc right" to set off the recognised aiiiounts and ihere is an intention lo settle on & net basis or to realise the asset and settle the liability sfimuliancously. ForL'iLFn excliange Transactioiis in foi'cigii currencic8 are Iranslated iiilo sterling at Ihe rate of exclitmge ruling at iho dule of trqÉ nsactioii. Critic812ccounting escimates 211d judgement Ill the application of the charity's (Iccounting polici¢s, thc trustccs arc rcquii-cd to inalce judgcmeiits, estimates and assutnptions about the Larrying TrOUt of ilSSCt8 and liabilities that are not readily &pparenl from other sources. The cslimates and ilSSOCi(Ited (Issuniplioiis drL based oli historical cxperieiicc dnd ihcr laclors Ihat arc coiisidercd io be relcv<int. Actual resulis inay diffei fTom thtise ¢sliu]at¢s. The estiinates and undcrlying assumptions are reviewed on an ongoing basis. Revisions to accoiinting estimates are recognised in the period in whicli the estimate is revised whci'c I'he revision affects only ihat period, or in the period of the revision and future periods where tlie revision affects both CUiTent and ture periods. Activities for generating fund Urn'estricted Uiirestricted l?unds 2022 2023 Iloyalties otfice reclwges 33,166 51,371 36,427 46,902 84,537 83,329
TI4E EUIIOPEAN JOURNAL OF NTERNATIONAL LAW NOTES TO TFIE FINANCIAL STATr=MENTS FOR THE YF,AR ENDED 31 ST DECEMBEEi 2023 Charitable activitic CIiFArilablc Charitable Expeiiditure ExpenditLll 2023 2022 Depr¢ciation and impairn]ent Bool< editing costs EJIL., Tall(l Blog expense5 Meeting cxponses Computer aiid website costs Govern&ncc Cost: Tndependellt Examiners re]nuneratioii Support Cost: Professional fecs 139 53,099 10,140 2,509 4,033 435 66,507 9,546 745 3,783 1,620 1,660 540 540 72,080 83,216 Net. iiicorne for the year This is staled after charging.. Deprecialion on taiigible fixed assets Independcnt Examiners foe 2023 2022 139 1,620 435 1,660 'rruyte¢s 'I'ravelling exp¢iises tol¢Llling £711 wcre reiinbursed to S-ah Nouwen (a 'l'rnstee) dLLring the ye&r. (2022.. £615). I mployce5 Thcrc wei'e iio etnployce5 duriiig th¢ ycar (2022.. Nil). 2023 Nwnber 2022 Nuniber rheTe were iio einployeo8 whos¢ annual remuneric tion was tnore than £60,000. Ol'her gain or losses Ui]reslricted Uni'eslricted l.'unds Funds 2023 2022 Foreigll exchange (10sses)/gains (4,221) 8,248
TFIE EUROPEAN JOURNAL OF fNI'ERNA'fIoNAL LAW PAGE 10 NQTLS TO TI4E fNANCIAL STA'fEMEN'f8 roR TFII- YEAR ENDED 31 ST DbCEMBFR 2023 Tangible fixed a55ets Current Year Fixtures, fitti.ngs & equipin¢nt Ci)mputBrs Tolal Cosl At 1st Januai'y 2023 and 31sl December 2023 540 1,740 2,280 Deprcciatlon and impairmcnt At 1st January 2023 Deprecidtion charged 111 Ihe year At 3 1st Dcceiiiber 2023 540 1,538 139 2,078 139 540 1,677 2,217 Carrying amount At 3 Ist DeceLnber 2023 63 63 Tangibl¢ fixed a¥sels l>rior Year l ixtures, fittings & equipment Computei's Total Cost At I st Januclly 2022 and 31st December 2022 DepreciatlDn and impairmeiit At I st January 2022 Dcprcciation charged in the year AL 3 1st December 2022 540 1,740 2,280 540 1,103 435 1,643 435 540 1,538 2,078 C&rryiiig amount At 3 1st December 2022 202 202 io, Debtors 2023 2022 Ainoiints f'dlling due within on¢ year ()ther dcbtors Prepdy]ncnts and accrued income 142,277 114,565 64 142,277 114,629 ii. Creditors 2023 2022 Amounls "falling due witliill one yeai. T'rade creditors ()Iher creditors 23,976 2,389 26,012 3,278 26,365 29,290
'riiF. E,UIIO.PEAN JOURNAL or INTERNA'I'IONAL LAW PACJE I I NO'fFS TO TIIE FINANCIAI. STATEMLNTS FOR TFIE YEAR ENDED 3 1ST DECEMBER 2023 12. Related party I'ransactions Professor Joseph Weiler and Professor Philip Alstoii. TIv5lees ofEui'op¢an Journal of Inlernational Law, are professors in the Law Department of New York University. At the year end date a balance oC£109.1 I I (2022.. £78,137) was held in an accouiit at New Yorlc Universily on belialf of EJIL. Nytl made payments during the year on behalf of EJIL for the nDnI Df £54,37 I (2022,. £36,537),