Charity Rcgistration No. 1087973 Company Registration No. 04127150 (England ￿nd Wales) THE EUROPEAN JOURNAL OF tNTERNATIONAL LAW ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST DECEMBER 2024 THE EUROPEAN JOURNAL OF INTERNATIONAL LAW LEGAL AND ADMINISTRA TIVE INFO.RMA TION FOR TELE YEAR ENDED 31 ST DECEMBER 2024 TRUSTEES: P G Algcon R Dehousse PMRJCDupuy B E Sin)ma J H H Weiler S M H Nouwen SECRETARY.. P G Alston CHARITY NUIIIBER.. 1087973 COMPANY NUMBER., 04127150 PRINCIPAL ADDRESS: Law School New York Univ¢rsity 40 Washington Square New York USA NY10012-1099 REGISTERED OFFICE.. 115¢ Milton Road Cambridge CB4 IXE INDEPENDENT EXAMINER. Prentis & Co LLP 115¢ Milton Road Cambridge CB4 IXE BANKERS: The Co-operative Bank Kings Valley Yew Street Stockport Cheshire SK4 2JU THE EUROPEAN JOURNAL OF INIERNATIONAL LAW CONTENTS FOR THE YEAR ENDED 3 1ST DECEMBER 2024 PAGB,. Trustee's Report Statement of Trustees, Responsibilities Independent Examiner's Report Statcment of Financial Activitios Balance Sheet Note8 to the Financial Statements 7-10 THE EUROPEAN JOUIINAL OF INTEIiNATIONAL LAW I'RUSTEES, REPORT (INCLUDING I)IREC foRS' IIEPORT) FOR TI4E YEAR ENDED 31 ST DECEMBER 2024 The trustees pr¢sent their annual report and fmancial stdtements for the year ended 3 Ist.D¢cember 2024. The financial statem¢nts comply with the Charities Act 201 I, the Companies Act 2006, the Memorandurrt at￿ Articles of Associalion, and Accounting and reporting by CbaTilies: Statement of Recommended Practice applicable to charities pr¢paTing their accounts in accordance with the Financial Reporting Standard applicable in the UIC and Ilepublic of Ire1￿}d (FRS 102) (effective from 1st January 2019). 8truclure9 governance and management The European Journa& of International Law is a company liraited by guarattlee and a rcgistered charity governed by its Memorandum and Articles of Association. Charity niimber: 1087973, Company number.. 04127150. The charity is a company limiled by guarantee and has no share capital, The liability of each member in the event of wiiiding-up is limited £ l. The ti'ustees, who are also the directors for the purposes of company law, and who served dwing the year and up to the date of signature of th¢ financial statements were.. P G Alston R Dehousse PMKJCDupuy B E Sitnma J FI Fl Weiler S M Fl Nouwen Pay policy for Iiey personiicl The trustees are considered to be key personnel of ihe charitable company in charge of dirccling and Controlling the cbaritabke colnp￿IY oil a day to day basis. Tlie Iruslees give Iheir tiine freely and iio trusteg ieceived remuneration in the year. Objectives and aetivities TkLe objects of the charity dre to advance educatiOTk in thc field of international law by mdking granL8 towards charilable activities coi]nected with schol￿'s1]Ip, by the publication and disseminatioii of academic jownals for the benefit of tbe public and by such other exclusively charIt￿ble means as th¢ board shall in their absolute disvretion detern]ine. Public benefit The charity's published journal (Tlic European Journal of International Law) and grant rnal! antilL'. r)n ¢unrnt' ¢ontri)vci'sial i.ssuu%, Ihe jDurn41 ollir,y rea(IL'I' ai)Il duthors & uriiqiie tspp()Ilunily to Qiigdg¢ wlil) IL'iidii)gJ Ihliiking (Jn ii)ttyY'nali(>lliil l&w,, We aiin for ¢ucli issue to provide a Inenii of 41'ticl¢s fi'ojn Nvhi¢h aiiy IiitLrii*iLioiial l.,aw s¢holar, regtwdless of specific inl¢r¢yls Lll)d p('.ci&li/.Ii lion, will firid Ilrticles 11 I. relLvanc¢ Aiid iiiter¢si, LJIL, alin& LO II)51or Jii iiii¢llutiiufLI communily and tl)is ¢ominilineiiL 1% re.tILC(ed in tlie.journal'5 eLlitii)% ¢ind reviLwiiig praLticcs. r,,111. uiidcriHkvs ¢xi'en.siv¢ enggl8¢lMent with sul)nLilled il11i¢le%, fi'uiii Illl. Inomciil or subiiii$9ion lu cl is,1'¢iiiinatiOii, iYiL]i a Vicw lu publishiiiL ui'liclcs with a lori(T &IiLlf life tIl￿11 geiier(Ili (Ii$cu.1sion. 'I'he philosopliy ot, (?ItT r¢view process is thai rhci'e is liuiliing 11)al IA so goDd il uttnnoi be mude betlei.. F.vLI) Al'licle.5 ¢leAI'ly de..%lineil fDI' publiLation typlc&lly WCL•.iv¢ Loinm¥i)ts and sllggoslions. lJll. I'akl's spL'Lial pi'iilG ]]) pul?lis1iiii¥ t'l)a work of Lt]rly ¢¢ll'L¢I' suliolars ¥ ￿ve[l & ¢ursory look at SU¢CLSglVkn iuble ol. roni¢nts ivil I r¢v¢¢ll. All dlticlL.s al'e Aviiilable ii) I',rec Acc¢sB on¢ yiar after publicatioll in thc P,JITJtihivi, 'I'o k)LLL'85 its oivii perlorniaiicL., FJll, looks al., amoiiil OLli¢r Lllili￿1, ¢hL iiwiibLSI' of high-qil¢iliLy &iibiiii55ioii%,' IIIU iiuinliLI' ol'y¢ai's th1¥ i a ¢oiJtribttLion is downloadLd i)r ace¢s$¢d' Iht niiii)b¢r ot-pBei' r¢vitrwL*I'S williiig lo review fijr Ilie journal uiid Ili¢ qiialiL>' of Ih¢LI' I'eviews; 4ind Ilie in¢lu5iveiie¥s tlLI'()i%' vlli'ioii.s P.Jl l.. Inedia iii l¥l'lY14 nf li?pics, appr(saclies, Iiielliodq, tom8, suI)fields of illL¢ri)&iioiial law 4nd tli¢ cliversily ()fiiutliors and 11)ILrluciJtors. li a130 ciire.¥ ciboijl Iosicring Idlc'nt &iid LonsLiously ¢ngHgos iviih i)I'llLriccs ot knowle,dge iJr(Idiirlion, ¢l)allengi.ii&i' 1]L￿rIatIVe Pl'clLli¢c.% ii) Iicademia. WqILlhLI' it 1.% tlie jc)uriiul, tlie blog, Lh¢ pi)d¢ast or i.lity vidwU-5eries, LJI l., bvi£iii$ go-to-place ior ii)IL'rnaLioniil IINV, Ile5eives poliLy As siaw(I, tlie eliL4rily I'escrv¢q policy 1% lu Inaiiilaiii stal)l¢ C¢ipilal. l iiiJniilll I'eview "I"IIL. r)ii'LC Ii)rs ai.c.501isfie(I witli IIIL fiiiincial perf&i'ii)xr]ce uf 2024/20?5.' ¢111 oxpondilu.re.s h<1ve bei?efitted .scI?Dltrsliip im inl¢i'i)aLioiial law (the journal, i.li¥ the podLii&I, (lie vid¢ts sci'iL5) and tlicr¢ is a i)et surpliis, IcaviiiB CJ11. in "I"lii. tru51ees' report ¥VaS kLPI)roved ljy Ih¥ F.14)IlTd Dr'i ru.gtetr.4. P (J Alstoii 28 May 2025 THE EUROPEAN JOURNAL OF INTERNATIONAL.LAW PAGE 3 STATEMENT OF TRUSTEES, RESPONSIBILITJES FOR THE YEAR ENDED 3 1ST DECEMBER 2024 The trustees. who are also dIre￿Or8 of The European Journal of International Law for the purpose of company law, are responsible for preparing the Trustees, Report and the fmancial statements in accordance with applicable law and United Kingdorn Accounting Standards (United Kingdom General Accepted Accounting Prdcticc). Company and Charity Law requires the trustees to prepare financial statements for each fiuancial year which give a true and fair vi¢w of the slate of affairs of the charitable company and of the incoming resources and application of resource5, including the income and expenditure, of the charitable company for tbat year. In prepariJ]g these fmancial statern¢nts, the trustees are required to,, select suitable accounting policies and then appty them consistently. - observe the methods and principles in the Charities SORP. - make judgements and estimates that are reasonable and prudent. - state whether applicable UK Accounting Standards have been tollowed, subject to any material departures disclosed and explained in tho fjnancial statements. and - prepare the fllLancial stat¢monts on the going concern basis un1¢8S It is inappropriate to presume that the charity will continue in operation, The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the clwity and enable thern to ensure that the f]nancial statements comply with the Companies Act 2006. Th¢y are a]so responsible for safeguarding the assets of the charity and hence for taking reasonable steps for th¢ prevcntion and detection ot fraud and other irregularities. THE EUROPEAN JOURNAL OF IwfERNATIONAL LAW PAGE 4 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EUROPEAN JOURNAL OF tNTERNATIONAL LAW FOR THE YEAR ENDED 3 1ST DECEMBER 2024 I report to the cbarty trustees on my examination of the accouuts of the Charitable Company for tbe year ended 3 1st December 2024. RESPONSIBILITES AND BASIS OF REPORT As the clJarity'8 trustees of the Charitable Company {and also its dirortors for the purposes of company law) you aT¢ responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {*he 2006 Act,). Having satisfied myself that the accounts of the ChaTitable Cornpany arg not to be audited under Part 16 of the 2006 Act and eligible for independent exarnination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {*he 201 l Act,). Jn carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENrs I have completed my examination. I ci)nfirm that no matters have Gome to my attention in coA)nection with the examination giving me cause to believc.. l. accounting records were not kept in respect of the ChaTitable Company as required by section 386 of the 2006 2. the accounts do not accord WAth 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 matt¢r considered as part of an independent examination,. or 4. the accoullts have not been prepared in aGcordance with the mgthods and principles of the Statement of Recommcnded Practice for accounting aud rcporting by chaTities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 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 u proper understanding of accounts to be reached. NIGEL A PRENTIS FCA FOR AND ON BEHALF OF., PRE￿[r[s & CO LLP CHARTERED ACCOUNTANTS & INDEPENDENT EXAMINERS 115¢ Milton Road Cambridg¢ CB4 IXE Ic)IS 1"HE EUROPEAN IOURNAL OF INIERNATJONAL LAW PA(iE 5 STATEMEFrr OF FINANCIAL ACTIVITIES tNCLUDING FNCOME AND EXPENDITURE AccouNr OR THE YEAR ENDED 31 ST DECEMBER 2024 Unrestricted Unrestricted Funds 2024 2023 Nots Income and endowrnents from: Activities for generating funds 91,689 84,537 Expcndilure on: Charitable activities 66,554 72,080 Net Aneome for the year/ Net incornlng resollree& 25,135 12,457 Other recognfised gains and losses Ckner gains or (losses) Ncl movement in fullds 1,195 (4,221) 26,330 8,236 Fund balances at 1st January 2024 497.823 489,587 Fund balaiiccs at 31st December 2024 524,153 497,823 The Sl'atement of filnancial Activilies include5 all gains and Ius5es rerognised in the year. All incorne and expenditurc dcrivc from continuing activities. All income and cxpenditure is of an unrestricled nature, '.Fhe Stateinent of F4inancial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006 The notes oil pages 7 to 10 form part of these f￿L￿Cial st&te]nents '1'14L LIJ IIQPLklN JOURNAL (11.- IN"I'E¥.IINA'I'II)NAI, L,A W l)A(Jl° 6 13ALANCL SEI I,, I:,'r I,'()R'T'I IIJ YF.'AR r,NDfD 31.%T DI..:CI.':MBE.:R 2Q2I1 2024 2Q?.J N()ie3 [Ilxed Assel.¥ I'angrible &,ysets 63 rurrent AwiLts l)L.bloi's Cish tir bank Iiiid in hand 10 117,144 431,347 142,277 381,848 54X,491 524,125 CrL￿lI0rS'. il t170Uflt% falliiig d ue wilhin onc ycmr (2.5,065) (26,3 65) Nct CurrcnL Asgcl 521,426 497.760 'rolHI Msgets. ILS.S oul'rellt liu bililic 524,153 497,823 IIiL(bme fuiids IJTlI'e5ti'i¥ied liiijds 524,153 497,82.1 -Ili¢ (lire¥lor.% Luiisi(ILr tIiL Lliai'il¢iblc Loiiipaiiy is LntiilLd to exeiiipiion fr<)i)) the I'equir¢m¥iil to IiclVL' ali audil uii(l¢r Il)e pr()Vi%i0115 1)1. 4LLtif %¢clii)11396 ¢iiiil whiili oihvrwise ¢oTr)ply with tho rbqUlI'eii?iiil, <)fthc ALI I'elaling to Ili¢ finmc.idl 8tdt¢ineiils a.q lar ds applicable lo t]its￿ ckniriiable Loinpaiiy. 'I'l)L tindiiLial.8thieniciil.%, Ivhicli hiivb brte.n pre.pèi'o,d in a¢¢DI-(l.ai)ce with Ihe spi'¢ial P¥OFiSiOTLE relatiiii) I OIIIPfjinies yiibj¢LI ID ihL sinall coiiipai)ies regime wirhin Pait I S of Ihe C'oii)i)Il¥llLS ALt ?006, MperL approv¢(I by Illi boai'd o ,,21.Ma¥.2.Q25.,,,.,,,..,..,..,. iiiid si￿)ed ()11 il. b¥hdlr. l) (J Alslori I I'Us18i' L:uiiii)aiiy I'eujslratiun nunibttr 04127150 -lie noles oli page.1 7 Lo l O l()I'llTr ()Y Ilie,%L fiiil1ic111 .$1￿¢[7]LnI5 THE EUROPEAN JOURNAL OF INTERNATIONAL LAW PAGE 7 NOTES TO THE FINANCIAL STATEMEYrs FOR THE YEAR ENDED 3 Is'r DECEMBER 2024 Aeeounting Polleles Charlty Infomallon The European Journal of tntemational Law is a company limitod by guarantee incorporated in England and Wales, and a registered cbaTity governed by its MemorandutD and Articles of Association. The registered office addr¢s8 is 115¢ Milton Road, Cambridg¢, CB4 IXE. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as rnay be required not exceeding £1. Bagls of pr¢p8ration of financial statements Tho financial statements have been prepared ID ￿(Ordance with A￿oUnting and Reporting by Charities: Statsment of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting St&ndard applicable in the UK and Republic of Ireland, (FRS 102) (effective 1st January 2019) - Charities SORP (FRS 102), thc Finanoial Reporting Standard applicable in tho UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity has taken advantage of the provi5i0n in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a SÉatgment of Cash Flows. The f￿ancIal statements are prepared in sterling, which is the functional currency of the charity. Monetary arnounts in these fmancial statements are rounded to the nearest £. The fmancial statements have been prepared under tho historical cost Convention. The principal accounting policies adopted are set out bglow. The charity Lonstitut¢s a public benefit entity as defined by FRS 102. Golng concern At the time of approving the fmancial statements, the truste¢s have a reasonable expectation that the charity adequate resources to continue ill opcrational existence ft)r the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in weparing the financia] Statements. Charitable funds Funds held by the charity are all of an unrestricted general n8ture which can b¢ used in accordance with the charitable objectives at the dI￿retIon of the trustees. In¢0￿e Incorne is recognised when the charity is le¥ally entitled to it after any perforn]ance conditions have been rnet, the amounts can be measured reliably? and it is probable that income will be received. Expenditure Expendtture is re¢ognis¢d onLe there is a legal or ¢onstructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlemenl and the amount of the obligation can be measured reliably. Expenditure is Classified by activity. The costs of each activity are Made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attribut&ble to a single artlvlty are allocated directly to that activity. Shared costs which contribute to moTe than one activity and support costs which 8re not attributable to a 8ing]¢ activity are apportioned betwegn those activities on a basis consistent with the use of resouTGes. Central staff costs ar¢ allocated on thg basis of time spert and depreciation charges are allocated on the portion of the asset's use. Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of VAT which cannot be recovered. THE BUROPEAN JOURNAL OF rTrTrERNATIONAL LAW PAGE 8 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST DECEMBER 2024 Tangible fixed a55ets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairni¢nt losses. Depreciation is rccognised 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 and equipment Computers - 250/0 straight line - 250/¢ straight lino Cash and cash equivalents Cash and cash equivalents include Gash in hand, deposits held at rall with banks, other short-terni liquid invesijnents with original rnaturities of three montbs or le58, and bank overdrafts. Bank overdrafts are shown within borrowings in CUTTent liabilities. Flnancial instruments The charity has elected to apply the PTovksion of Section I I 'B&8ic Finallcial Instruments, and Section 12 'Other Financial Instruments Is8ues' of FRS 102 lo all of tts financial instruments. Financial instrumfflrts are recognised in the rharity's balance sheet when the charity becomes paty to the con1rdc￿￿1 provisions of the instrumont. Financial assets and liabilities are off8eL with the net amounts Presented in the fmancial stat¢ment8, when there is a legally enforceable right to set off the recognised amounts and there is an illtentson to settle on a net basis or to realise the asset and settle the Liabi]ity simultaneously. Foreign exchange Trnisactions in forcign currencies ate translated into sterling at the rate of exC]￿lge ruling at the date of transaction. Critical accountijjg estimates and judgemenÉ5 n the application of the chaTitVs aLcounting polici¢s, the trustees are required to nttke judgements, estimatss and assumptions about thg carrying amount of assets and liabilitios that are not readily apparent from other sources. Thg estimates and associated assumptions are b￿¢d on historical experience and otheT fa¢tQTS that aTe considered to b¢ relevallt. Actual results may differ from these estinffttes. The estimates and underlying assumptions are reviewod on an ongoing basis. Revksions to accounting estimates are reco￿lSed in the period in whiLh the estimate is revised wbere the revision affects only that period, or in the period of tho revision and future periods where the revision affects both current and future periods. Activities for generating fund Unrestricted Unrestricted Funds Funds 2024 2023 Royalties Offic¢ recharges 35,021 56.668 33,166 51,371 91,689 84,537 THE EUROPLAN JOURNAL of4 INTERNATIONAL LAW NOTES TO IIIE FfNANCIAL STA TEMENTS roR THE YEAR ENDED 31 SI. DECEMBER 2024 ChAritable v4¢tivitie5 Charitable Charitable Exp¢nditure ExpenditurL 2024 2023 Depreciation and irnpairment Joumal editing cost5 EJIL.. Talkl Blog expenses Meeting expenses Computer and website costs Governance Cost: Independent Exan]illers remuneration Support Cost: Professional fees 231 49,444 9,992 673 3,774 139 53,099 10,140 2,509 4,033 1,900 1,620 540 540 66,554 72,080 N¢t income for the year This is staled after charging.. Depreciation on langible fixed assets Independent I,xaminers fee 2024 2023 231 1,900 139 1.620 Trustces No expenses were rgimbursed to Trustee5 during the yetw (2023.. £711). Employees There were no employees during the year (2023.. Nil). Other gain5 or losses Unreslri¢tcd lJnrestrictcd riinds Funds 2024 2023 Foreign exchange gainsl(losses) 1,195 (4,221) THE BUROPEAN JOURNAI. OF INTERNATIONAL LAW PAGF 10 NOTES TO THE FINANCIAL STATEMEFrr8 FOR TI& YEAR ENDED 3 1ST DECEMBER 2024 Tanglble fixed assets Current Year Fixtures, Ittings & equipment Computers Total Cost At 1st January 2024 Additions 540 1,740 895 2,280 895 At 3 1st Dccember 2024 540 2,635 3,175 Deprecistion aiid impalrment At 1st January 2024 Depreciation c]wged in the year At 31 st December 2024 540 1,677 231 2,21.7 23 540 1,908 2,448 Carrying amount At 3 1st December 2024 727 727 Tangible fixed assets Prlor Year Fixtures, fittings & equipment Computers Total Cost At 1st January 2023 and 3 1st December 2023 540 1,740 2,250 Depreciation and Ampairmeiit At Isl January 2023 Depr¢¢iation charged ID th¢ year At 315t Decemb¢r 2023 540 1,538 139 2,078 139 540 1,677 2,217 Carrying an]ount At 3 1st December 2023 63 63 io. Debtors 2024 2023 An]ounts falling due within one year Other dEbtors 117,144 142,277 ii. Creditor5 2024 2023 Amounts falling due within one year Trade crgthtors Other creditors 23,405 1,660 23,976 2,389 25,065 26,365 12. Related party transaction¥ Professor Joseph Weiler and Professor Philip Alston. Trustecs of Europe￿( Journal of Inlernational Law, ar¢ professoi's in the Law Departsnciit of New Yol'k University. At tli¢ yoar end date a balallce of £82,123 (2023.. £109,1 R l) w&8 held in an account al New Yorlc University on behalf of EJIL. NYU m84d¢ payments during the year on behalf of EJIL for the amount of £28,387 (2023: £54,371).