ENVIRONMENTAL JusfIcE FOUNDATION CHARrrABLE TRusr TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31sf DECEMBER 2020 Registered Charity No 1088128 ENVIRONMENTAL lUStICE FOUNDATION CHAR￿ABLE TRU cop¥rEMTS LEGAL AND ADMIN15fpATIVE INFORMATION TRUSTEES REPORT 2-24 INDEPENDE￿[ AUDtroRS REPORT 25-27 ATEm￿ OF FINANCtAL AcrivtrtES 28 LAACE SHE 29 5[ATEM￿r OF CASH FLOW 30 NOTES TO THE ACCOUNTS Pèje I ENVIROP4MENTAL JUSTICE FOUNDATION CHARrrABLE TRUST R THE YEAR ENDED EMBER 2 Trustees.. A. Burley IresvJned 20211 A. Kalman S. Mclvor Btsb Lutgen Juliane Ruhfus Tessa Gregory 18ptxJinled on 7 December 20201 Charity Règistration Numb•r- 1088128 Principal Address: Unit 417. Exmculh House 3111 Pine Street Farringdon London. EC1R 1UL Audltors: Knox crOp￿r LLP charter￿ Accountants 65 Leadenhall Slreet London EC3A 2A0 Banker5'. Cfroperative Bank P POBox101 1 BalkK)n Slreet Manchester M60 4EP Page 2 ENVIR NMEr￿AL stICE FOUNDATION TRusfEES' REPORT RThABLE Tr FOR THE YEAR ENDED 31sf DECEMBER 2020 The Trustees present their report aThJ ￿ount$ for the year ended 31st [)￿mber 2020. The Environrnentsl Justice Foundation Charitabk Trusl IEJFI is a registered Charity (No. 10881281 with a mission to Protect Peopl8 and Pknet. As a UK charrty, we work internationalty for environmental justs￿ - protecting both the natural environment and bi(Kliver51ty and defending asswated hutnan rvJhts. EJF is an intematmal organisation wtth a unitary Stludu￿ operating Ècross three ctsntinents". Belgium, Germany. Ghana. Indonesia. Liberia. SieTha L￿ne. South K(￿. Taiwan. Thailand. and the UK (Global HQI. The accounts have been prepareil in ac(xYrdan￿ with the acix)unting tx)loes set out in note 1 to the accounts and comply with the ¢harty's Trusl Dwl dated 29th June 21X)O. OBJECTS OF THE CHARrrY EJF is a UK charity work5ng internationalty lo protect the natural envlronment and defend baslc human rights. The Environmental Justice Foundation Charilabb Trust was established by a tharitable trust de￿1 and becatlle a registered charty In August 2(M)1. The trust.s objects are-. lil to promote any Charrtab￿ purpose for the benefft of the public anywhere in the worfd, inC￿ding the proteCt￿n of the natural environment. the relief ol poverty and distress, the promotion of health and the advancement of &Jucation, particuLaty by the award of grants or other monetary payments. lill to advan(% the educatson of the ptjblic about all environmental matters, including the preservation, conservation and sUStsinab￿ devek)pment ol the n*ural en)rironment and the causes of environmental degradation or wn¢em. liiil to carry out or a5Si5t in the Ixrrying out of res8arth into th8 natural 8rivironrn8ntal and ecologiral systems and the impact on these of tx>th natutal and 3nthrorK)genic activi￿$ and tD PLJblish or otherwse disseminale the useful resuts of such research. Reference has been rnade to the guidance ¢x)ntaineil in the Charity Commission's general guidance on publi¢ benefit when reviewing the Foundation's aims and objectives and in planning fLrture activities. VISION AND ACTVJN EJF views environmental security Ihrough a human rights kns.. we believe everyone has a fundamental. sha￿￿ right io a secure natural environment, such that rt can provide food, shetter, and sustainable livelihoods. We operate on the ¢￿ar. science-led understanding that uttimatety. our heath, social and economic welpbeing derends on the health. wellthiThJ. and security of our natural world. Our Mission is to Protect P8op18 and PL9net. Page 3 ENVIR NMEr￿AL stICE FOUNDATION TRusfEES' REPORT RThABLE Tr R THE YEAR ENDED EMBER 2 We aitn lo help the m05t Vuln￿ab￿, wnarginatzed cornrnunities, who are di5proportionatety and unfairly burdened by the inter-linked threats of gh)bal heakn"ng. biodiversity loss and environmental degradation that together represent a gknbal existenbal ecobgical crisis. We believe in equity and justi￿ a need to res￿, defend. and empower the ccmmunities at the rnost signrficant risk. By strenglhening their p0S￿on. we are. in tym, protecting the 'lrfe support systems. upon which we 811 depend. We start by using har(khitting invesbgations to uncover and exwjse atMJses while developing 'real-worfd' solutions to Ihem. Working ￿th grassrtK>ts partne￿, k)cal and intemational experts, we gather filmed evidence, data and teth"monies that changes the world for good. We Create joined-up strategies. linking grassroots environmentrl concems to internation81 poltical. business. and public 8gendas to delver systemic change that durable acr055 tx)litical transitK)ns.' ewnomic rt￿nge and time. We are inform8d, thoughfftil risk-tak8f5, aldr85sing 'under th8 radarf issu85 in chall8nging pL?￿. speaking truth to power. We invest for the future buibjing environmental stewardship and bcal kadership through effective. bespoke Acbvi8t Training p￿ramS. OUR CAMPAIGNS Our cole approach85 ar8 inve5bgatM)n5, campaigns. and grassr(M)ts ernpowerrn8nt to protect our global o￿anS, biodiversity, and dimate. Global Oceans- we campavJn to proteci marine environments. ￿￿1ver$ity and human rights from illegal and Unsustainab￿ fishing. Olution. and ham)ful devebpment. We work to secure more robust oceans governanTr and create acrx)untability. transparency. and traceability in seafo)d suppty chains. Clirnate Justic W8 ￿8W climate change through a 'human rights 18ns'. We campaign to S8cur8 legal prot8CtKbn for dimale refugees and to gwe climate change a 'human lac8'. Our work to build a z8ro- carbon workl includes advo(*cy lor natU￿based climate sobJb"ons. sud) as natural forests and 'blue carbon,. Page 4 ENVIR NMEr￿AL stICE FOUNDATION TRusfEES' REPORT RThABLE Tr FOR THE YEAR ENDED 31sf DECEMBER 2020 THE YEAR IN NUMBERS Income- increased from £2.6 miifTh {2019) 10 £4.8 milion120201 3 new large-scale funders gNing muli-year support I￿uding Un￿Strided income 8 major investigations ¢x)mpleted 62 campaign films 22 campaign reports and briefiThJs 46 ilkgal fishing akrts resutt from EJF investigations and vessel Iracknng s rilm commissions- Indki. Ghana, Calfomia. and Brazil and 3 film commissions in the pipeline in Japan, Uruguay, and China. 45 campaign stsff in 10 countries PROTECTING OCEANS. VIILDLIFE AND PEOPLE Over the past 15 year5, EJF'S investigatwe eVKIen￿ on il￿gaI. unreFX)rted, and unregulated IIUUI fishing and associated human rvJhls abuses have prompted effective action by governments and industry in fishing nations, induding ThaiLand. Ghana, S(wlh Korea. and Taiwan and auoss West Africa and SE Asia. Ocean biodiversty and asswated human right5 can onty be prowed rf fundamentsl thenges to the ar¢hitecture of fisheries govemance is secured. to buikl trdnsparency. traceability. and strong management acr055 Seafo￿ suppty chains. Central to this is the delivery of real-world tools and mechanisms to monrfcor and wukle fishenes and the adoption of a suite ol measures that are economicalty and wlib'calty ￿all$ll¢. iechnoknJicalty. and logisticalty deliverable Th)w. EJF'S campaigns make a compelling case for the rapid adoption of our ten princip￿ la￿ out in the Transparency Charter, which tC￿ether will radically transform h(M our seas and ￿￿anS are govemed and protected. EJF'S powerful inVest￿atiOnS - often at sea ar￿ a￿ayS in chal*nging conditions- provide hard-hitting, unKiue evidence for decision-makers. We show what happens on fishing vessels that operate beyond oversight or control. Our films, dossiers and detaikd ￿￿rtS make o)mpelling arguments for action and provide durable, robust, and realistic pathways for change. Page 5 ENVIR NMEr￿AL stICE FOUNDATION TRusfEES' REPORT RThABLE Tr FOR THE YEAR ENDED 31sf DECEMBER 2020 The filtns and reports underpin (yjr high-level engageTnent. We present findirvJs directly lo the highest levels ol political decision making- lo the Prime Ministers. Presidents. Ministers, and senior government officials who can and do change pokies and laws for gc*)d. Central to governance refomis is the delivery of simp￿, ￿814￿￿d tools and mechanisms to secure fisheries transp8rer￿y- sirnpty knwng. monitoriro. and controlling who is fishing for what, where, when and how will help to substantialty redLKe ilkgal fishing. Fisheries transparency wll enabk 811 stakehoklers to l(M)k ck)ser into what is happening to our seas and oceans and ctucialty promote sustainability, legal'ly, and equity In the management of fish populations, marine habilats and bi(Kliversity. Ajongside high4evel engagement, EJF is o)mmitted to supwrting bcal environmental leadership. We work with grassroots partners and communities to dr￿rnent ewdenc* of illegal fishing and prompt bcal, national and regional authoribes to ad. We devek)p effective outreach and practical project5 to intÈntivise tornrnunities to piotect and rèstore Èssèntial marine hAbitats. Including mangrove forests and coral reefs. as well as con5eNng lurt￿8. rays and sharks that underpin the heatth and productwity of our gk)bal $8as and oc8ans. EJF focuses our O￿an$ Campaign to end il*al fishing and associated forced, bonded and slave la￿ur in West Africa and Asia by securing far more robust fisheries governanc*, alongside better transparency. and traceability in seafcM)d supply chains. EJF'S Transparency Charter 8dvoc3tes for ten principks to reforrn flag, c08Stal and tn8rket Stales and cornb8t ilbgal, unreported. and ullr8guM8d IIUUI fishing. Our uJrrent focus k% on fiag Stste reSp)nsI￿.11ty (ending the abuse of Ykgs of convenience, and 'distanl waterf fishing vessets Ipredominantty Chinesel operating in West Africa. EJF supports the effective impkmentation ol the EU IUU RegulatK>n by providing invaluab eviden￿ and insights to infomi the Regulation s'carding pro￿sS. EJF ¢￿ateS and sup￿rtS bcalised invesligatsve and researth Cap￿lty abngside grassroots P8rticipation in fish8ri8s rnonf(oring and manag8ment. In 2020, wè compikd infomiati(M) from fiekl inv&stlgats"ons, satèllitè vèssèl tracking and tèstimoniès from uew-members working on the hKJh seas into vesseL% alerts relaling tr) nations including Ghana, Sieria Letsne, Libeiia. KtsrÈa, ThaiLAnd. Vietnam. Indonesia, and Taiwan. These alerts Inform enforcement action. poh'cies and technical measures that iogether curb illegal fishing. A￿rtS a￿ also sha￿d with the EU Commission's IUU Unrt to support the effectiveness of the 'lUU Regulation,, and its 'carding prttess. which highlights and potentialty r2n sar￿lon countries that fail to address IUU fishing. Page 6 ENVIR NMEr￿AL stICE FOUNDATION TRusfEES' REPORT RThABLE Tr FOR THE YEAR ENDED 31sf DECEMBER 2020 In September, we ￿e￿ased a briefin (zlling for nab.onal vessel license lists and sanctions to be made public. and we also ran soaal media campaigns to raise consumer awareness. In October, we hosted a webinar to launch a re rt and film I￿U$1n9 on ending Flags of Convenience. attended by representslive5 ofthe EU, Korea. Tahwan. ThaikHnd and USA and widety (x)vered in the industry media. ongside the need for far greater transparency and Iraceability is the urgency of ridding harmful public subsidies to the fisheries sector. We produced a film on the datnage to fish sti>d(s and srn811-sc8le fishe[5 caused by subsidised industrial fishing. A webinar hosted by Fnends of Ocean Action la prestigious group of Ocean leaders) ar¥Y tha1￿d by Ambassador Peter Tr￿)$on, UN Secretsry General's Special Envoy for the O￿aft - premiered the film. The event - backed by a digital campaign called on the Wortd Trade Organizaiion to eliminate harmfvl subsidies, strengthening an essential public debate at a cruual time. W8St Africa - investigations and advocacy to end illegal fishing Fishing licences and fkggiw.. The Transparency Charter infomed a briefin on Ghana's fisheries sector that resutted in the publication of the industrial fishing licen￿ list by ihe Ministry of Fisheries. Guinea, Sierra Leone, and Liberia also publshed their li￿nce lists for the first time, a major step folward in the campaign for fisheries transparency in the wion. EJF'S work has prompted extensive media coverage urging govemments in Sene al, Ghana and Liberia to ￿train from granb.ng new licences to Chinese di5tsnt water fishing vessels. The expanding Chinese fieet kcks transparency and tsrgets already￿ep￿ted fish popuktions up)n which small-sCa￿ fishers depend. Media coverage has hIghfight￿l the opaque and dubious pr￿eSSeS fcw granting industrial vessel licenses. In June, the EJF in Liberia stetve(l up advocacy as we ￿ffled that six newly ￿nstrUcted chinese- flagged supertrawkrs each weighing 600 tonnes and capable of (ztching over one-third of the COLJntry s total catch - were attetnpbng to secuie fishing licenses. WÈ p￿pared a briefing for the Liberian Government and the EU setting out that licenses woukj violate regulakn.ons as they could not comply with gov8mtll8nt sustainabl8 fish8ri8s plans. W8 h81p8d to ￿rCu￿te a res5 release high1￿htIng the opposition of community fisheries groups lo Ihe arrival of the vessels, which re￿iVed substantial national. Africa-wide and broader international ¢))verage. EJF Cal￿ lor the national fishing authority to refuse the vessel licEnses. securing this goal in kte September. Our work to increase the scrutiny and controb of fvgging aThangetnents inthdes a case reL4ting to the Mariam ?, 3 vèssèl ltying the m3urib.an flag that had poientially fished ilbèg31ty in the arèa undèr thè Southem Indian Otsan Fisheries Agieement {SVJFAI. As a result of our 3￿rt, SIOFA confimed the inclusion of Mariam 7 in the draft IUU vessel list. We hope that this prctess wll ￿ad to better cOmpl￿nce and regionwide rU￿S on transparerw beirwJ devek)ped. including a regK)nal record of fishing vessels and authorisations. Page 7 ENVIR NMEr￿AL stICE FOUNDATION TRusfEES' REPORT RThABLE Tr FOR THE YEAR ENDED 31sf DECEMBER 2020 erts lead to action, but rnore vig(xou5 enforcetnent and sancbons are needed. In Ghana, we amplified our calls for greater transparency and a￿oUn1ats￿ty regarding prosecutions ol IUU fishing offences. We focused on the case of a tra￿er fined a landmark S1 million In October 2019. which rt refused lo May, the vessel was re-8rresled for similar offen￿. EJF shared Alerts wtth Sierra Leone's authorities. which arrested three of Ihe Seven vesseb. Each of the vessels flies Sierra Leone's fl8g, but they are Skety to be Chinese owned. In January, the Deputy Minister of Fisheries tokl EJF that the Ministry is ieceptwe to future vessel akrts and Infortnation- sharing. Two EJF vessel alerts successfulty prompted the arrest. delenb"on, and sanction of US$500.000 against Hong Chang l and Jian MeF 4. However: th￿ vessels (including Jian Mei 4 and Hong Chang 11 ed Freetown port in Juty with their fines unpaid. Despite our efforts to ub￿C1se the case and EU an¢J InterFoI invofvement, the vessels are still fugitive. We used satellite trackn.ng to identy potential IUU fishing adivities linkeil to Guinea, Senegal, atKI The Garnbia. In M8y. EJF observed that S8g8- Wlth a history of IUU fishing - had re-flagged to The Gambia in breath of the county's obligations. The Sage vrd5 observed f15hing without authorisab.on In the area OV8rs88n by th8 Int8rnational Comrnission for th8 Conservation of Atlantic Tunas IICCATI. W8 subrnitt8d the Sage vessel akrt to The Gambia, Senegal Ithe vessel was M￿red in Dakar), Sub-Regional Fisheries Commission ISRFCI. ICCAT and Interpcl. Senegal launched an investigation. and the SRFC called on its members (from Mauntania to Sierra Leonel to help laulitate the vessel's arrest. However, according to Senegakse intelligen￿. Sage the country shortty after EJF raised the alarni. highlighting the need to share infiKmation effiOent￿ to I￿te. penalse and deter illegal operators. The pnrnary focus for our work in West Afn"ca has b8en Gh8na, wh8r8 th8 EU has supported our cotnmunity 8ngagern8nL research, and advo(xy over th8 past four year5. 'Saiko' _ the illegal transfer of fish from industrial traw￿rS to can￿$ at sea is a vast issue that demands urgent Government action. Saiko vessels are not onty over4ishing'. they atso tsrget the same fish stod(s as the small-scale fishemen, leading to poverty and fcMJJ insecurity in o)astal areas. In late 2019. the Government. unfortunalety. sunaled the possib￿ kgalisation of 'saiko'. Folk)wing this. EJF monitor8d trends at Elmina wrt. We documented around &10 canoes landin9 each day. rèprèsènting thé equlva￿nt of 2,2504,S)O small-scak tsnoè trips and piesented our findings to the Ghanaian Fisheries Commission arKI the Parfiamentary se￿ Committee on Fisheries. In March, we published a le alo Inion and ress re￿ase on saiko and the fo*)wng month, the shoc*ing results tsl a 12-month ana sis of kndings at Elmina were made public. Page 8 NVIR NMENTALJ sricE FOU14DATION TRusfEES' REPORT HARrrABLE TR FOR THE YEAR ENDED 31sr DECEMBER 2020 In October 2019. we wekomed the Ghanaian Fisheries CommissM)n announcement of the first*ver $1 rnillion fine imposed on a saiko trawkr. However. the fine remained unpakl by Janu8ry 2020. so we issued a media res onse to highlight systemic failures In the sanction5 regitne. We also criticised the decision to re-licence the vessel, which wa5 obsetved Iby satellite tracking) operab.ng in Ghana and Cote d'lvoire between January lo Matd). In May, worked tkjsety vthh the Marine Police. which re4rrested the vessel. EJF is atso working th the Parti?menlary Sekd Committee. whKh led ed its su rt. In collaty)ration with other Ghanaian organisations and fishers. associations. we launched a joinl strategy to oppose saiko. This strategy secured signffirant comrnunrty engagernent and prompted regional dialogue and widespréad media covera e. In Jun8, eight NGOS and th8 Ghan8 National Canoe Fish8m18n Council IGNCFCI delivered arn o n ￿tter to Ghana's Pfesident calling lor an end to saiko to save the liveliho(xls of 2.7 million Ghanaians. In July. we released a fikn and briefin based on eviden￿ galhered by bcal fishers at Elrnina port which shows that saiko is wnb'nuing desptte Govemment assurances. The film was s¢reened on Ghanaian national television and prompted several radio and televisicn debates. The saiko issue has also been tak8n up by prominent journalists in Ghana, wth a iwo-part documenta scre8ned on Joy News in June 2020. In August, we supported a 'si￿nt protest. by artisanal fishemien and a press conference with the National Canoe Council in each regK)n. After its second arrest for Il￿gaI fishing. we opposed the relKensing of the Lu Rorjg Yuan Yu 956. The LN)at retumeLI to ￿1. arKJ the authorities rescinded rts licence. We organised a radio pa￿1 to give a￿"San31 fishers and groups a pLgrfomi for thèir concems. We trained several joumalists who are now proactivety engaging in coverage ol the fisheries sector. Both the President and the main opposition party annwnced thal iheir support to slop saiko. We will trad( their commitrnents in the rUn￿p to the nab'onal e￿¢1￿)￿s. EJF commissioned kgal experts to examine the Fisheries Act prowsK)ns prohibiting beneficial foreign ownership in the trawl sedor, ak)ngside cortxjrate, tax and foreign investsllent laws. The lawyers delivered their findings in a report and bnefing presented to the Ministry for Fisheries, parliamentanans, and agencies, with recomtnendation5 the Ghana Revenue Authority, Registrar General's Departtnent, Attorney General's Department and Ghana Investh)ent Promotw)n Centre. We have worked with the lawyers lo obtain data from the Registrar Geneol on neady all IrTh)I companies in the industrial irawl sector. which will form the basis of futu￿ re￿rtS on beneficial ownership of vessels. At the ck)$8 of 2020, w8 launched a new re rt and filrn s8tting out S8ri0Us human rights abus85 trat are taking place on Chinese-owned bott(xn traw￿rS in Ghana, which received widespread national covera e. This evidence puts added pressuie on the Ghanaian govemment to control illegal vessel ownership and a 'business rnodef that destroy5 fish populatK)ns. Our work in Ghana has increasingly gained intemational media coverage, frc int ma zines to broadcast ieces. Page 9 ENVIRONMENTAL JusficE FOUNDATION CHARrrABLE TRusr TRusfEES' REPORT R THE YEAR ENDED EMBER 2 South&st Asla Since September 2019. EJF has accompanied Thai autFK)ritses in several F￿ng Inspection Team IFITI enforcement patrols. enabling us to observe [K￿SIde inspeciths and the implementation of our previous technical recommendations. As a result. we devek)F*d a new resource to improve o)nsistency in Ihe reporting al Port InlPort Out IPIPOI inspethon centres. In October 2019. we began investigating fomier Thai-ftagged fishing vesseLs refiagged to other cc)untries in Asia and the midd￿ East, including vessels k)cated in Bangkdesh, Somalia, Iran and across the Indian Ocean. EJF teams coordinated investigat￿>n$ in Th8ibnd and Indonesia and produced IUU alerts inco¥poraling satellite monitoring. Thai inspections of detained vessels. and crew testimonies. In earfy 2020, several crewmembers from Wadani l _ a fomier Thai-nagged boat contacted EJF asking for urgent assistanc8. EJF c(x)rdinal8d with Thai. Indonesian and Midd18 Eastem aLJthoriti8s to ensure several Thai and Indonesian crewmembers were repatriated. We (x)ntinue to investigate the W8d8rii 7 - and asso¢iated vesseb oper8ting a(xoss the mKId￿ East - for awed ilegal fishing and human rights abuses. EJF'S Thaikqnd team ak50 invesltgales reports ol IUU fishing and human rights abuses carried oul by Vietnamese vesseL%. In November 2019. we publshed evidence of Vietnamese illegal fishing activities in Thailand's waters. EJF investigators joined a Royal Thai Police patrol in early 2020. Sin(* 2018. these patrols have given us unique access to enforcemenl operalv)ns and the arrests of 15 Vietnamese fishing vessels and 86 crew in Thai waters. Between September 2019 and August 2020, EJF stsff in Indonesk3 inlerviewed 169 forrner fishers workiThg on foreign boats.. 80 from 75 Taiwanese tx)3ts, 66 from 49 Soutt) Korean, and 23 fishers from 22 Chinese. These inter¢iews underpin a range of wblshed ￿[M)rtS. films, and briefings for the Taiwanese, Korean, and Indonesian Governments and Reg￿nal Fk8heries Management Organisalions. EJF has recruited communily coordinators in SuLawesi and Java. They ￿11 liaise wth fomer migrant crews vtho can provide information on foreMJn fishing fleels and their activities on the high seas. In Juty, EJF h05ted tt5 first IUU webinar in Bahasa {Indonesianl to herakl a new briefin and film Baha53 and En on IUU fishing and human rights VK)L4ts"ons that induded the Coordinating Ministry of Maritime Affair5 and Investments amongst the attendees. In November, we partI￿pated in a joint vessel inspection ak)ngsKle the Indonesian Govemment's c￿rdInatIng Ministry ol Mariiime Affairs and Investments. Page 10 ENVIRONMENTAL JusficE FOUNDATION CHARrrABLE TRusr TRusfEES' REPORT FOR THE YEAR ENDED 31sr DECEMBER 2020 East Asla In JLJne 2020. EJF and our Korean partner. Ad¥￿te$ lor Public Interest Law IAPILI. released 8 briefin based on interviews wth lortner Indonesian fishew5 Irom 40 Korean-fiagged or owned d15tant water fishing vessets. Thirty per cent of intetviewees detaikd fishing ￿thin prohibited or protected zones and illègally catching wikjlrfe, includirMJ dolphins, sè8L%, and walruses. Thè briefing attracted media attention in Korea and the Financial fimes. In April, in cbse cooperab.on wth APIL, EJF helped expc>se the deaths of four uew members onboard the Chinese k)ngliner. the Long Xing 629, resurting in widespread media attention in South Korea, Indonesia and intematK)nalty. including news stories in The Guardian and South China Mcwning Post. We organised a seminar wth the Korean Maritsrne Institute to inforni an assessment of remote electronic rnonitoring for distant water vesseb. Offiixats fr(xn the Korean Ministy of Oceans and Fisheries participated and made clear their ambttion to pik)t the techrK)k)gy in 2021 and roll out cameras to both distsnt water and coastal vessels by 2022. Since 2018, EJF has interwewed ft>rmer crew members who present alkgations of shark finning and the targeted killing of protected marine mammals aboard Ta￿anese vessels. In June, we shared a report with the TaNvanese Government and prompted 27 media features. In September, EJF and Apple Daily (the Tamanese news agency) presented lootage from the kjngliner. Yu Chun 766. The looiage shows crew members targeting dolphins to use as shark bail. Fomer uew mernbers also ￿USed the vessel 2Ptain of human rights abuses. We sent a private briefing to the Govemment with evidence regarding six other v855815. The Chinese-language film a￿￿￿pany1￿3 th8 news story has be8n vi8wed w811 over half 8 million titnes in TaDNan, and prosecutors are re￿e￿ng the case. We are strengthening our calls for Taiwan to acc£lerate Its efforts to pul cameras on distant water fishing vessels as part of remote electronic monitoring requirements. We are distiJssing wth English4anguage media agencies to publicise the case intemal￿na1ty, and we will share our findings wilh the EU. US, and Japan. In earfy October, the US Depathent LatrAY re￿aSed their annual assessment of countries aS￿)CIated with forced and chikl 13bour, which for the first time, induded Tawan s distant water fishing s8Ctor. EJF had mad& a submission cft8d in th8 r8P(xt, leading to wdespread nalional and irrternational coverage, including a significant feature in vol￿ of AmerKa. Securlng Transparency in Flsherles Remots vessel monitoring In April 2020, EJF Ljncovered 5K>tential IUU fishing activtties by a fomier Tanrdnian fishing vessel Haleluya based in Cok>mbia and tKbssibty with undedared link5 to a Taiwanese national. EJF sent a 'vessel a￿rt, to Coknmbia, Tanzania. Taiwan. the Intemational Commission for the conserrfats.on of Atlantic Tunas IICCATI and the European Commiss￿. ICCAT and Tanzania reacted positively, and the latter authorities shared crucjal infomialion on the hlentsty of Ihe vessel and its aclivilies, which corroborated our initial findings. Page 11 ENVIR NMEr￿AL NDATI TRusfEE5' REPORT RThABLE Tr R THE YEAR ENDED EMBER 2 In May, we Identified M8rTan7 1 fiwng the Mauritian fkg. whith had potential￿ engaged in IUU fishing in the area covered by the Southem Indian Ocean Fisheries Agreement ISIOFAI. SIOFA ￿ter confimed that Mariam 7 was adde¢J lo Ihe draft IUU vessel list. A second a￿rt ￿lated to the Sage, which had re- flagged to The Gambia and was alkgedty engaged in iuu fishing activities under ICCATS jurisdiction. Senegal las the port statel and the SUt￿RegIonal Fisheries Commisgon hokj key ro18s In West African fisheries and responded K￿ltivety to our information exchange. Investigations EJF evidence, information and anatysis are shared wth the EU Commission's DG Mare IUU Fishing Unil.. Ihe untl implementing the EU IUU Regukqtion and overseeing the ,￿rding scheme. for nations thal f8il to CLJrb IUU fishing. In Juty. the IUU Unrt referen(￿d our alerts in biL9teial discussK)nS Wrth S￿[ra Leone and Liberia. We have also provided special briefings in the wntexl of the IUU Working Groups with Ghana, Taw8n and South Korea and China. The EU used EJF'S investigations in SErra Leone to help mnitor progress on fisheries control and enforcement. This was the onw intellgence the EU receiv￿ on IUU fishing in the county's coastal waters and proved critical to the'carding process. EJF has slrengthened ￿latIonS wlh the EU in Ghana. and shared o)nfidential briefings in January. March. and ju￿ 2020 to inform bilateral discussKJns thin the EU-Ghana IUU Working Group. In July. EJF published a re ort demonstratng the risks of fish caught by vessels assouated with saiko 8nt8ring the EU mart(et, promptsng the European Commission and Member States to increase scrutiny. In Liberia, our inlormation on the arrival ol the Chinese sUpertraW￿rS in June 2020 was shared wilh the IUU Unit and EU Delegation. Our akrt on a luna vessel poientialty operating illegally in Cote d'lvoire and encroa¢hing into Liberian waters has prompted Ihe authorities to ¢onla¢t Cur8￿0 the vessel's flag State- lo investig8te its 8Ctivities. In June 2019, the EU Commission lrfted Tawan's'yelh)w card. aThJ committed to a close relationship wth the Govemment through an IUU WorkiThJ Group. In January 2020, we submitted a dossier of evidence and recommendations to the Commission ahead ol the first meeting. The brief contained evidence from 2 vesse￿, including several that operated in the Eastem Central Allanlic (West African waters). We also sent the briefin to the Taiwanese Government. US govemmenl agencies. and industy partners,. and the n8ws was covered by the SoLrth China Momin Post. Vve h8V8 pres8nt8d policy recommendations to the EU Delegation and prompted exchanges belween Tawanese and EU industry. Given the links belween West Africa and the South Korean fishing fieet, we have shared regular updates to inform the EU-Ko￿a IUU W0￿1ng Group. In November the Korean parliament passed the Distant Water Fisheries Deveknpmenl Act IDWFDAI. vthich includes EJF'S priority recommendations, including the publication of license lisis and vessel Sa￿tions. More recen1￿, we shared a summary of our inv8Stig8tK>ns into IUU fishing and human rights abuses on 41 Kixean vess8b, securing h￿h-pr0fi national coverage and in the Financial Times. Page 12 ENVIRONMENTAL JusficE FOUNDATION CHARrrABLE TRusr TRusfEES' REPORT FOR THE YEAR ENDED 31sf DECEMBER 2020 Ahead ol the Eu's IUU Working Group with China in 2019. the IUU Unrt asked EJF to Compl￿ a dossier of *essel alerts, relevant to the Chinese-owned fieel operating in Wesl Africa. The IUU Unil reported that Chinese authorities were reeeptive to engaging on individual cases. Chin8 is considering 8dopting the FAO Port Stat8 M8asur8s Agreement. which WOU￿ be a si9nificant advance [(￿ our atnbitions. The European Cornmi55ion praised EJF'S transparency initiative and. in a closed-di)or rneeting. highlighted its shared goats to prornote transparency with priority counthes. DG Mare has invited EJF to prepa￿ a strategy to promote the acceptan￿ and implementation ol Transparency Prinaples as a core, shared ViSK)n, in particukr actions to end the use of Fkgs ol convenien￿ (Focsl by fishing vessels. In October 2020, we publ'shed a re rt and film on how to combat the use of Focs. ongside our partners frorn the O￿an$-5 SUPFM)rted EU-IUU ￿alItiOn. EJF is working to strengthen and enhanc8 th8 'carding process to 8nsur& it rernains a prI￿lty for th8 new Europ8an Commission. This work is cruaal ah8ad of a tK>t8ntial r8vision of th8 EU IUU Regulation, ten years aft8r it cam8 into force. To this end, and in addition to ￿e4￿One meetings ￿th many MEPS. EJF organised an event in the European Padiament and in January. we met wrth C(*nmissioner Sinkevieius. who confirmed that fighting IUU fishing remains a priority lor the new Commissh)n. The Commiss*)ner co-hosted an event with EJF and our coalition partners in De￿mber 2020 lo cekbrate the 10th anniversary of the Regulation and its success in curbing illegal fishing. Grassroots rgporting ol ilkgHI fishing EJF'S woth across the regH)n has focused on devebping o)mmunity mnitoring and working wth k)cal partners and fishing communrties lo bu1￿ eflective plaifomis for intelligence gathering. In Sierm Leone, we prOV￿ed camera and drone training lo community members who wrtness frequent incursions Ir(4n IUU vesseL8. We are now resuming routine vessel monitoriThJ a communty coudinator. In the past 12 months. fishermen have observed vessels Operatir￿ in the restricteil co8stal are8. resulting in seven vessel akrts, and resuting in arrests and fines. In Liberi8, we secured EU funding to expand our capacity buikjing and advocacy to curt) iuu fishing. Drawing upon our experience in Ghana, a primary focus wll be training and oulreath to enab￿ communitiès lo d￿jMent ar￿ IèFM)rt i1￿931 industrial fishing. In Ghana, 'DASE' _ our smartphone app to enab￿ fishemen to dwJment and ￿port illegal fishing - was trialled in late 2019. We went on to engage over 700 fishe￿ drawn frorn 48 comrnunities in Ghana's Central Region, providing training on safe evKlence gathenng at sea. By the end of Juty 2020, local fishers had submttied 39 retth5.. including three industrial trawlers and 12 serni-Industri81 vessels operab.ng In the re5tricied IEZ. We akn beixme aware of four industrial traW￿[S arrwing from China and awajts.ng licensing. Our joint monito￿ng resulted in the submission of 15 vessel a￿rtS to Ghana's Monitoring. Control and Surveillance Department. Page 13 ENVIRONMENTAL JusficE FOUNDATION CHARrrABLE TRusr TRusfEES' REPORT FOR THE YEAR ENDED 31sr DECEMBER 2020 Communlty4ed conservatlon In West Afrlca EJF'S wldlife protection focuses on communtty s(xnce arKI graswoots4ed conservation and OLJtreach initiatives for marine turtles, sharks, and rays. We launched a turt￿ conservatK>n project at Gomoa F8tt8h'5 annual f8stival. The cotnmunity"s youth football learn began nvJhtty beach patroLs during the turtle nesting sea50n. The volunteers proteil nests and lUrt￿S from poachers, gather data and surveyed local fishers to assess the threat of turtle enlanglement in fishing nets. Ai ￿ast 125 turtles were caught in 2019, including the rare￿ seen Leatherback turt￿. In Liberia. our volunteer patrolkrs were given extra training and support to [￿teCt 131 nests and 118 nesting tyrtles. Working for Net Free Seas in Thailand An 8stirna18d 10 per cent ol gk>bal rnarin8 litter is reLqt8d to the fishing industry. B8tW88n 500,000 and 1 million tonnes ol'ghosl, fishing gears enter our ￿anS every year. Thailand has over 10,400 commercial fishing vessels and over 50.0(X) SMal￿SCale boats. of wh￿h 80°k vse some form of netting as Iheir main fishing gear. If these nets are lost LY discarded at sea. they pxjse a severe threat to marine ecosystems, and wildlife. Reports suggest Ihat 'ghost' nets knlkd or seriousty injured over 300 marine animals, including dolphins. dUg(￿gS. and turt￿$ in Thai waters12017 figures). EJF'S Net Free Seas project was L4unched in Juty 2020, fund￿1 by the Norwegian Retailers Environment Fund and the Rufford Foundation. Net Free Seas engages fishing communities in the fight against 'ghost' nels by organising clean-ups. providing trdining and guidan￿ on ckaning nets, and developing relationships wtth recyclng companies and manufac￿rerS of recyckd pL2stic PrOd￿t$. Volunteers collected six tonnes of fishing nets Ihat were recyc￿ into items including Covid-19 face- shields and a rang8 of prototype designs. By worknng directty with fishers, NFS provides a financial incentive to collect discarded fishing nets and the protection of manne iesources. Protecting Our Climate - Voices from the Frontlnes The climate crisis is both a human rights issue and an environmentsl one, and EJF is calling for ambitious action on carton emissions and robust protections for those on the frontlines of the crisis. In 2020 it becarne starkty evident that nations we not d(Mng enough to prevent catastrophic climate breakdown. Using our unique combination ol fikn. phOtOg￿phY. and storytelling. EJF wotked to amplify the voices of those suffering the worst impacts ol the climate crisis. In Augusl, we Lqunched OUT 'Vol￿S from the Frontlines, series, creating impactful sooal media films io show the worhj the actual situation on the ground. and give those without a￿$$ to publ'rity channeLs a chance to tell their stories. For example, Niearaguan Indi enous ￿ader YLJri Israel La son reports on her comrnuntty dèvaststèd by hurricanes Eta and Iota. Clirnate activist Nisreen Eslaim, akn spoke (XA about 2020.5 disastrous fiotxls in Sudan. Page 14 ENVIRONMENTAL JusficE FOUNDATION CHARrrABLE TRUST TRusfEES' REPORT FOR THE YEAR ENDED 31sf DECEMBER 2020 As the clirnate crisis deepenecl in 2020. critical eo)systems began to be seriousty affected. EJF launched 8 re Ort 8nd film on the impact of gbb81 heating on wral reefs. The rerx)rt ￿yS OLrt the grave threat to these emsystems. which rival rainforests in terms of diversity of wldlife and Prov￿1ng vital nutrition and storrr protection and livelihoods for coastal communities. Among terrestrial ec05yStems, Ihe Pantsnal wetkrKJ in Braal. the L4rgest tropical wetland in the workl, suffered its worst fires on record, scorching an area larger than Belgium. Our briefin and film on the crisis, which led to discussions with EU parfiamentarians, wamed that if the current rate ol deforestation persists. the Pantanal e¢osystem wll disappear by 2050. We a￿ proud lo partner an inspirational group of w(Knen volunteers documenting the devaststing fi￿ and expansion of Cat1￿ ranching in the region. The team is also photographing the icx)nic vAhJlife such as jaguars. lo inspire support for this rich and irr8plac8able r8gion. EJF will step up our support lor the voknnteers in 2021. providing a drone and other equipment and remote training to 5tr8ngthen theirwork. Finally, as well as running gbbal campaigns for clmate action and proteclK)n lor those in need, EJF has been investing in 501utions doser to home. In October. we invested in the E ni Co-o , a not-for-profit community organisalion providing sokr panel installat￿$ for sch(M)L8, businesses and ¢ommunrty buildings across wa￿$. reduang carbon emissions by over 1.000 tonnes every year. The investment in golar cOmp￿ments 8 prewous investment in Awel Coop s o)mmunity4)wned wind turbine. As well as supporting the drive towards truty renewable and kjralty generaled energy, EJF'S investments have gwen sold financial retUmS. Protecting Wildlife and People from the Next Vlrus 2020 was also, of course, the year the Covid-19 pandemic caused millions of deaths around the world. EJF sought action on a root cause of the pandemic- our degradation of the natural wortd. In 2003. EJF had published a report. Viral diseases from wildlrfe in China." Could SARS ha ena ain? which wamed that China was Ihe most likety cAndid8te for the nexi novel zoonotic virus. Reviewing and republishing it in 2020 showed that the Covid-19 pandern￿ was predictab￿. and that action must be taken to Stop the transmis510n of zoonobc viruse5 in firture. Buikjing on this, we L4unched a new briefin and digital campaign calling for a ban tsn commercial wildlife markets. Abng with the urgent need to shut down cmel and unsafe wibjlife markets, the campaign emphasised the need to repair our rebtionship with the n8￿ra1 world. giving wikylife space to thrive and keeping humanity safe in the pr(￿e$s. Page 15 ENVIRONMENTAL JusfIcE FOUNDATION CHARrrABLE TRUST TRusfEES' REPORT NEXT STEPS Our growth pLAns have been matche(l in 2020 new and additional fvnding supp(Yt, most notably from Oce8nkind that Is providing unresthcted funding for Ixjr organiSat￿nal devek)pment and marine programmè. The G(Kdon and Bety M(x)re Foundation are supporting our marine advocacy in Japan and the USA. and we will recruit team memb￿5 in bolh counbies. as wel as expanding the Be￿i?D and Gerrnan teams. In De￿Mber. we signed a 4-year contracl vthh the EU to support our work in Liberia to eradicate illegal fishing and build grassroots capacty for the protection of fish populations and marine ec05yStems. We will work in Senegal and review opportunities to replicate our grassroots engagetnent and high*vel advocacy atross the Guff of Guinea. Our work on i118gal fishing wll scopè and S(3￿ thè grassroots surveilL4ncè alongsidè d&tal￿d investigalK)ns at sea in Africa and Asia. We wll deepen our invesligations to gather more complex evmjence including fO￿￿)n ownership. corruption and abuses that are linked to abuses of the marine environmenl and hurnan rights. We will Continl￿ our advocacy in the EU. ￿ndIng support lo the IUU Regulation and the Cornmission's efforts to bverage g(x)d fish8ries govemanoe. Well cA)ntinue to work in Collat￿ratIon wth an o￿an$5-[unded coaif(ion to secure this arnbf(ion. Wè wll devèk)p our wotk to protact'Bknè CartK)n' induding advo(xcy to c¢)nsÈrvé and restorè mangrovè habilats, seagrzsses, and marine biodiversity. We wll expand the Net Free Seas project into West Africa. replicating the success ol the Thaik)nd mcxjel. We wll publish a Climate Manrfeslo and wcKk wilh like-minded ryganisath)ns lo maxirnise the power and potenty'al of the COP26 climate Conferen￿ to be in Glasgow in November 2021. We wll Lgun¢h a sustainable f8shKTrn campaign to G911 on busine55 le8der5 and consumers tt) strengthen their cotntnittnents to zerl￿G￿rt>On suppty thalr￿ and Organ￿ cotton. Finally, our Activist Training progratnrne will be extetKJed to prowde tnore suptKKt to environmental defenders in the Gbbal South, helping them have t￿1r concems heard and solutions implemented for a greener, fairer wodd. Page 16 ENVIRONmEr￿AL JUStICE FOUNDATION CHARThABLE TRusr TRusfEES' REPORT FOR THE YEAR ENDED 315r DECEMBER 2020 EJF FILMS, REPORTS AND BRIEFINGS 2020 OCEANS REPORTS Off the hook.. how fia s of convenience ill al fishin oun unished - October Fear hun er and violence. hutnan hts in Ghana's industrial trawl fleet- October. Human rights abuses aboard Chinese-owned IravA vessels fishing in Ghana's waters. Euro a market for I1￿ al seafood from W&st Africa: the c2se of Ghana's industrial trdwl sector- July The" eo Te's" fishe or the brink of collè se. Smèll ela TCS in lantlin s of Ghana's industrial trawl fleet April. EJF studies showed 9VA of the saiko catch is Juveni￿ fish. CrU￿al to the recovery of populations that have Crashed by 80% over the past iwenty years. Sco assessmenl of sustainable livelihcKAY o Central Re ion of Ghan2 - January rtunities in the arlisanal fishin communities of the Cet3ce3n 51au hter shark finnin and hurnan Its abuse in Tawan's fishin t)olphins are targeted by Tawdnese fishing vesse& and used as shark bait. f*et- November. Conductin interviews with mi rant workers-seplember. Guidance on inlerview procedures for Thai port officaats inspeding vessels. How best lo irn lement les thr&e and four of the Charter for Trans aren September. Briefing on Imp￿Mentation of Iwo key principks for fisheries governance.. publishing lists of fishing licen￿S end auth0ri5ats"ons, Ènd sanctions applied for ilkgal fishing. Technical briefings le three I￿Sheel and le four factsheet al fishin and human r hts abuses in the Tawanese fishin al saiko 18ndin s at Elmina rt- Juty. In November 2019. the Govemmenl of Ghana committed to end the highly destructnfe, Illegal fishing practice known as 'saiko'. In the folk)w"ng few rnonths, EJF documented almost 400 saiko canoes knded fish ilWalty at Elmina rKJrt. and human ri hts abuses in the Korean fishin et_June. Provides background on the Korean distant water fishing fleet and slructural managemenl failures. Call for ur ent action to end saiko to save the livelihoods of over 2.7 million Ghanaians June. An open letter frorn the Ghana National Canoe Fisherrnen s Council and eight NGOS has called on Ghana's President to intervene to end the damaging Il￿gaI fishing practice known a5'5aiko'. Page 17 NVIR NMENTAL NDATI 'RE TR FOR THE YEAR ENDED 31- DECEMBER 2020 Thai18nd's ress in combatin IUU forced Lqbour & human tr8fficknn recomm8ndatiolls volume 8- April EIF observations and Assessment o. Ghana 5 fisheries Laws scale Iisheries- Febnjary ainst ki)al UKlelines on tenure r hts and sustsinable small- OCEANS FILMS The Case for Trans renc to Combat Global Seafood Crime- Feb (Presented at Chathatn House). Con7mUllitl8s for Fisheri8s." How Lib8rias CollaboratW8 AIanag8MentA￿8tAOfjS Can Prot8Ct Fish Populations and bv8lihoocls- April Communi Surveillance in West Afnca- April Seafood Trac8abNIit and Tran by the EU IUU Coalition. ar8nc Thro rt Controls-April (for 8 webinar organised The Role of the EU C8nli Schenje Prot Fisheries- April Trans-shi ment al sea- June Out of Reach.. Taiwan's Failure to Prevent11 Fleet- June l Fish and V￿ntAbuse in its Distant WaterFishi 8usiness as Usual.- 111 al SaAko F￿1 Conb"Trues Unchecked- June Off Ihe Hook.. How Fla s of Convenience Let 11 l Fishin Goun unishecl- September Fisheries on Ihe Brink.. How Heavil SubsKlised Industrial Fis Scale Fishi Communities- September is fhreateni the Sunqval of Small- Fear Hun er ancl Violence.- Ghanaian Crews Re Ownecl TrawlErs- October ViolentAbuse and 111 èl Fishin on Fore Remote EleclroniG MonitorFn . Pmte¢ti Our o￿an TPymu Enhanced FisherFes Monitoiin IEU IUU Coalition webinar on the need for REM in the European neel.) - October ortin Abuse.. violen￿ Slave November and Ille al Fishin in the Ja anese Seafst-eff8CtiV8n8ss and report to the Trust8es on thi5. DISCLOSURE OF GOING CONCERN REL4TING TO COVID-19 EJF reacted swtFUy to the CovM*19 oulbreak. cbsing offic£s ahead of national k)ckdowns and providing detailed SLJPPOrt lo staff lo prole¢t them. their families. and the ¢ommunities they work within. Throughout 2020. th8 Directors and SMT maintsined d8ar oversight of the situation in 8ach national jurisdiction 8nd developed appropriate measures to tKotect stsff vthilst retaining effective remote tearnwotking and mental wellbeing. The London offits was partially reopened In autumn 2020 with strict conditions of use Irotas lo ￿$trICt numbers. use of face masks. ￿la1 dislancing. and trave140-wod( requirements). At the onset. the SMT underfook financial mappitwJ, assuming worst and best case scenarios on income and expenditure over a 3-year period. None of our UK or international staff have been made redundant or furloughed beG4LJS8 of the pandemic. We are cofflrnitted tt) e[￿LIring that our work remains on tr8ck and can rebound once the situatii)n rKKmalises. The pandemic has impa¢led our opwrtunities for ￿th the investtoative work and our advc¢acy with key decision lakers. Film commissions have proven an effective 'slop-gap' and prompted us to strengthen the outreach with grassrcx)ts organisations and fiknmakers, and this has d0vetal￿d with our Activist Training Programme providing remote training and capacty support. most notabfy in Brail. We have optimised our use of digital platforms for hwJh*vel advocacy and outreach. though this cannot replace the personal engager￿ent and relth"onship-buikJing Ihat uTvJerpins much of our hIgh-￿ve1 political work. Typically, ths than 5% of our fundiThJ comes fr(xn individual donatsons, partnerships, or events. In 2020 the pandemic led to the p05tponement of special event5 and woje(*s, including university fundraisets, World o￿anS Day partherships and T4hirt colkqborations that would nom)alty raise public support for our work. However. these projects do not have a sNJnTficanl financial inveslment nor any stsff dedicated to thern - and will be resumed in 2021. Page 23 ENVIRONMENTAL JusficE FOUNDATION CHARrrABLE TRusr TRusfEES' REPORT FOR THE YEAR ENDED 31- DECEMBER 2020 The majority of EJF'S income (xwnes from rnuli-year grants and th8 DirectOTS (x>ntinu8 to str8ngthen these long-standing reigtlonships.. we do not anticipate any shortt811s or declines in incorne. As flagged above. three rn8jor new donors were secured in 2020. The Directors are committed to ensuring that the current Situation hebs to buikl EJF'S bng-term reSi1￿nce and innovation. The Trustees are (x)nfident that EJF will cA)ntinue to be a thriving going concern, strengthened, and tnade reSi1￿t by our reSp￿se to the pandemic. Financial Review The charity's finances a￿ approved by the Twustee Board. A statement of Financial Actwitses has been prepared lor the full year. This statement shows income fu 202Q was £ 4,791,772 and expenditure of £ 2,715.926. The Trustees and D1￿CtorS are committed to expand the unrestricted income to support the core costs and devek)pmenl of the charity s programmes in the UK and overseas. As agreed, a reserve equivalent to six months operating costs wll be held. At ihe year end the baLances slood at £ 4.175.233, of which £2,667,417 Is unrestricted funds. Page 24 ENVIR NMEr￿AL stICE FOUNDATION TRusfEES' REPORT RThABLE Tr R THE YEAR ENDED EMBER 2 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are reswnsible for preparing the trustees. annual report and the financial statements in accordan￿ with applicab￿ law and Uniled ￿t￿Jd(￿ AccountiThJ Standards (Uniied Kingdom Generally Accepted Accounting Pra¢ti¢el. Charity law requires the trustees to prepare final￿131 staternerts for each financial year that give a true and fair view of the state of affairs of th8 charity and of the incoming r8sources 8nd applicAbon of r8sourc8s of th8 charity for th8 year. In preparing those finanual statetnents the trustees ar8 required to= Se￿¢t suitsbk accounting poThcies and then appty them (x)nsistentty," observe the methods and prin￿p￿S in the charib.es SORP- make judgments and accounting estimale5 Ihat ale rEa5￿able and ptudent", prepa￿ the financial stalemenls on the going COn￿M basis unless it is inappropriate to presume that the charity wll continue in business. The trustees are responsible for keeping accthnting reo)rds that are suff￿lent to show and explain the charity's transactions and disdos8 wtth reasonabk accurdcy at any time th8 financial position of the Gharity and enable them to er￿Ure Ihat the firhanGial statetnents compty with the Charities Act 2011 and regulations rnade thereunder. They are Èlso responsible for safeguarding the assets of the ehanty and hence for taking ￿aSonable steps forthe prèventK)n and detection of fraud and other IrregLJLgrities. This report was agreed anij signed (*) behalf of Board ol Trustees on 21" Odober 2021. S. Mclvor ITrusteel Page 25 NDEPENDENT A THE E14VIRONMENTAL JumcE FOUNDATION CHARITABLE TRUST Opinion We have au¢ited the finanoal state)￿￿ of Enwronffetsl justi￿ FwrthtioTh (the 'd)ariVI for the year ended 31 DeTrmLEr 2020 whKh comprise the Ststement of Financial Acbvibes, the Babntr Sh&t, the ststetnerrt of Cash FkM5 and note5 to trE finanoal 5tatWEnt5, I￿￿ing o 5umrnary of significant accounting es. The fjnanoal rewrting fra[￿e￿￿￿k that bew appled in their prepatstion ts applItsb￿ and United King(bm Accwnting Stat*arts, irKkndiThJ ￿nan0a1 Rekvb"ng Standard 102 The Financial RerMyb"ng Sta￿ard applKable in the UK and Re¥K** of IreL3rK1' (Unrta1 ￿ngdoM r￿tta1￿ A¢xounts"ng PrartKel. In ￿r opinion, the finanoal ststements: gNe a true arKJ fair wew of the slate of the dbarivs affairs as at 31 CEcemLEr 2020 and of ts irKOmi resources and application of for the year erKJed., have LEen proper￿ prepared in acclYdan￿ wtth United Kitwdotn GeneTr1￿ Actrpted Accounting Practi￿, induding Finanoal Rewrting Stsndard 102 Finanaal RepK)rting Sts￿ard applicable in the UK and the Republic of Irekind.. and Fkive prepared in acc(thrKe with ttE rW4uirWn￿ts oftlE CharttE5 Art 2011. Ba*s for opinion We condurted CAJr audit in acCOrdar￿ with Intemabonal Standards on Auditing IUKI (ISAS IUKI) and 3pplicabk kw. (Xjr reV￿tx"trs under starKJards are further d￿nIbed in the Audittt's rtsponsibilities for the audit of the finar￿la1 ststerrEnts section of ow rewrt We are independent of the charty in acmrdance wth the ethical reQuir￿ents that are reknnt to our aL￿rt of the finanaal staternents in the UK. including the FRC5 Ethi￿1 Str￿ard. and ha%E fuffilkd ￿r other ethul res￿n￿bIlit￿5 in accordan￿ wtih these requirements. We tdieve that the audti we have obtained is sufficient and appropriate to prwde a basis for our ryjinion. Conclusions relating to going cOn￿M In auditing the financial S￿tem￿ty we have Co￿d￿ that the use of the ￿n9 concetrn ￿sIS accounting in the preparatioTh of the financial #atements is aprryriate. Based on the work we have ￿rf0M18d, we have rnt Identif￿ any materk41 uncertainties rekbng to events or Cond￿0￿ that. Indiwdually or colkctively, may cast ￿n￿CInt doubt on the chariVs atslty to conb.nue as a going cOn￿M for a peri(%J of at kast t¥vthe rfh)ths fmm finanaal statements are authorised for issue. Our re5ponybilit*s and the re¥MM>Ly'lbes of trLSt&S With ￿ to ¢(K￿rn a￿ descriied in the vant secbons of this ￿ other inforniation The oth¥ information comprises the infimation inthded in the annual ￿[￿r[ other tron the financlal ststements and our audit￿$ retx)rt th¥eon. The trust&5 a￿ re¥K)n>bk For the other Information. Our the fiTrancial stat￿n￿ts (kE5 ￿t cover (YJEr infW[r￿tion and we do not expre55 any fom of as5urarKe conCkns￿￿ therÉYJn. Our rewnsibibty is to the Infor￿￿￿ and, in ￿￿r￿j g), wlEther the oth¥ Information is materialty [[KO￿lStent with the financial stateJDents or our knowkthje obtairEd in the course of the audit or othemise aptEar5 to rnatwal￿ tlli5Stat&. If we Kj￿tsfy such rnaterkil incons5tencES or apparent material mis5tathents. are required to determine wlth there is a rnater￿1 rnisststerrEnt in ttE financial 5taternents thernsefvts. If, t%sed on the we have ￿rformed, we conclthe that there is a rnaterial mis*atement of this infornatK)n. V￿ are wuired to reFKrt that fart. We have nothi￿ to rerx)rt in this regard. Page 26 Matters on which we are requlred to ￿port by exC￿n We have nothing to re￿rt in resr*rt of the f￿h)￿1ng matters in rebtk￿ to whKth the Charities IPLcwnts and Reports) ReguL4tior6 2￿8 require us to rerNJt to YCAJ if, in Opin*￿. the infomiation g￿ in the finarKial stat￿￿1￿ is ITKoT￿lsta)t in any material resm the truste￿, rewrt,. or 5ufFicieTrt occounting record5 Ib3ve not Lw kept,. or the financial 5tat&nents aE in agreernent with the accounting rwds; Ix we have not r*eived all the infLYtnation arwj expknati(¥s we require for tyjr aL¥J ReSPcffl￿bilitle5 of truste85 As expL4ined more fulty in the Trustees. ResrAYtsitilb"es Ststunent set on page 9, the Trustees are r￿￿Slbk for the preparab.on of the finarKial staternents for ￿Ing satisfied that they gwe a true and fair view. and for such internal (nntrol as the trustee5 detumirE is rEcessary to enable the preparation or finanual staternents that are free from rnaterial misStatemenL due to fraud or error. In preparing the financial statements, the thstees are re¥m)￿b￿ for asspssing the char"ty's abilty to continue as a going co[￿ern. disdosing, as appI￿ab￿. matiers related to g￿n9 ￿n￿rn and using the going concern ba&$ of accounbrKJ unkn tmstees eithetr intwrtl tD liquidate ￿ CoM￿nY or to ￿se 0￿ratior6, or have rn wlstic altemabve but to do XJ. Auditorfg responslNlrlies forthe audit of the financial s13temeTrts We have been aprontsd as aLK11tor urK1er srft¥yi 144 of the a)aritses P£t 2011 arn1 rerM)rt In accordan V4th tre Act and reknnt regukti(x)s made (K hawng eff￿t ttr￿under. Our objective5 a￿ to (thain awot*e wt*ther tF* finanoal 5tstetnEnts as a wh￿e a fvee from material misststement, whther ¢ue to fraud ty errc*. arn1 to iwe an auditorfs re￿rt that includes our opinion. Reasonabk assuran￿ is a h￿h kvel of assuran￿, t￿rt is rh)t a guarantee that an audit condurted in acciydance wilh Ists (UK) will a￿ayS detert a matenal misststemgmt when it e%ists. Misststetnent5 can arise frorn ftaud or error and a￿ a￿dered [nat￿l31 IF, indiwdually or in the aggr4ats, tIEy ciNJbJ reasonab￿ LE extEctgJ to influerKe e(￿o￿n￿ deosion5 of LWS taken on the ba￿ of these finanaal staternents. IrregUl3rib￿, induding fraud, are insiarKes ￿ [￿￿￿pIlatKe with I3￿ and reguI3tions. We deygn prttedures in line wth our rewsibiities. ouUir*d atmwe. to dew rnaterial misststements in of irreguLiriti￿, Includiry fraud. The extent to whKh Pr£￿edureS are capabk of detetting irregularities, induding fraud is detai￿d bek)w'. The Charity ￿ r4uired to (Mipty with d￿rity law and. ba*d on ow k[K)w￿d￿￿ of its artiviknes, we entified that the rLNUIrwr￿tto compTri wilh the Charity SORP wa5 of key Slgnrfion￿. We gained an understaTh11r￿ of how ts tharity compffied v4th its kgal and reguL4tory irKkjdl￿ r4uirerrErt to (xKnply with the Charity SORP. through di5CU&sions with rnanagement and a miew of dctument& p)lioe5, t￿<[￿j￿re5 and coThtrO￿. The audit tearn, whKth is ex￿￿[￿￿ In audrt ￿ charibes. considered the thariVs 5wceptr'bility to material missiatemwt atKJ how fraL￿ may (Kcur. Our QDns%Jwa￿s induded the risk of management overrhje. Our apprclath was to clEck that all Ir￿Me was r￿oper￿ identified and accounted for and to ensure that onty vald and approprkite eX￿￿1￿ure wa5 d￿rg￿l to ctkirty's futKJs. This includ￿1 rewewrKJ joumal adjuSt￿nts and unusual tranwtior6. Page 27 A fjJrtP*r ￿ScriptIon of respN%t¥lts"es for the aw1it of finanoal statemwts s kKabJ on the Financkil Reporbng Counol's wthite at.. www.fr0org.uva￿￿O[SreS[￿ix￿￿eS. This descriptK)n fomis part ￿ cur auditor's ￿￿rt. Use of our report This report Is rn￿e to Iharivs tnLStees. a tKxty. in a(LOrdan￿ h￿th Part 4 of the tharitEs (Accwnts and keportsl Regulab(x)5 2008. audrfc urxlettsken, so that we might stste to charitys trustees mattws bye are ￿ul￿d to #are to in an auditorfs ￿[￿t and for no other purwse. To the fulksr exterlt rRm)rtted by kw, we do Th)t w or assume responsibility to anyone other than the charity and the charity'5 trLStes a5 a txmty. our audit w￿, for thi5 rewKt or for the ownions we have forrned. Knox Cropper LLP, Statutory Audit 65 Leadenhall Street London. E￿A 2AD 2511012021 2021 KrK)x Cropper is digibk for ap￿1[￿trnent as audrty of the charity by wirttje of elvJibifty for appointment as auditor of a company under secth)n 1212 of the c(ffi￿)n￿ 21KJ6. srATEMEvfoF FIIWICIAL ACTlVtTIES Tcrtal 20 2019 INCOIAE FROII: fyants and (￿allab* actiwbe5 (Xher IrMe5tyrents OtFEr ￿¢( Totsl 1453.896 2JIO.455 14,772 4.764.351 L8,LE2 L72,383 5,699 3.095 L.717 2.457,186 4,791 772 2.6L3 4L4 LXPENDITURE ON: funtt5 (￿a[1abk act￿lbe5 33,601 2,682,3 54,439 2,292,803 2,567270 IL5M55 Totsl 715 926 Other #al￿$1(&>5%eS) {￿.1•5) IEE,145) NÉtlncome1(•xp￿re] (ILOJX41 2,097,785 1,987,701 266,172 13 IJ8 MET MoveMEIITIN FUNDS 7.923 1.9ry.778 1.987.701 266.172 bruwht frA4yard at l Janu 687ffj39 1187532 1921 36D AT31 DECEMBER2020 16 2 667417 Page 29 E14VIRONMENTAL IUStICE FOUNDATION CHARThABLE TR BALANCE SHEEr ASAT 31sr DECEMBER 20 2020 2019 Notes Fixed Assets ScKial Investma Tangib￿ k5ets io 58,(WJO 46,938 10,000 24,398 Stock Debtors Cash at bank and in hand 8,214 128,653 3 992 281 4,129,148 8,376 315,588 li 119),1 Creditors: Arn¥Junts tslling wlthin one year 12 Net Cunent Assets 4.070,295 2,153,134 Total Assets Less rrent LiabilitiLs 4.175.233 2 187 532 FUNDS Resiricted Funds Unre5trictwJ general 13 1,507,816 2,667.417 1,499,893 &87,639 Total Fund5 4 175 233 2 187 532 The accourts ￿re approved by the Trust￿ on 215tcktotw 2021 sgnal fG tehalf by.'- J. m"/- S. Mdvor Trustee Page 30 srATEMENT OF CASH FLOW AT EMBER 2 Statsment of Cash Flows for the year ending 31 December 2020 2020 2019 Net cash provided byl(used in) operatiry activities 2,211.5 203,189 Cash flows frorn investing activibes: D￿￿endS and interest from investments Purchase of prorErty, pL4nt and eqUip[￿t Prsses Diwdends and interest from in¥athents {Increaselldecrease in debtors Increo5elldecreasel in (redtt￿5 {In￿eaSe}/(￿crea5e in stock 2,075.846 20,659 {88.1451 (5,7S41 186,935 21,887 162 266,172 31,141 {3,0951 174,6491 112.6211 13,7591 2,2LI,590 203,189 Page 31 MENTAL NDATI HARrr NOTES TO THE FINA14CIAL ACCOUltrs R THE YEAR ENDED 31- DECEMBER 20 ACCOUIITING I￿LIClEs Basls ol Preparatfion ot Acc¢)unts fir￿nCIal stat&nents of chaiity, wh￿h is a ￿bk benefit entity und¥ FRS 102, have been prepared in accordance the Charities ￿)Rp 1021 'Accounting and Repothng by (harities: Statement of Recommerted t*acbce applcabk to tharibes prepariTrJ their KCCAJnts in accordan with the Financial Retx)rbng Standard applicabk in UK and Republic of Ire*nd IFRS 1021 (effective l January 2019),, FinarDal RerKJrtirKJ Standard 102 The finanoal Reporting Standard appl¢a￿e in the UK and RepubSc of I￿￿r￿J. at¥J the Charibes Att 2011. Trustees COns￿er a￿ r￿ ￿￿t￿l81 urThtsintses the T￿￿5 ability to conts.nue as a goirNJ conc¥n. finan￿al ststen￿ts a￿ prwiw in ￿Try5 stediThJ. Judgements and key sources of estimation uncertainty Judgements and key sources of e5tirnation utKertainty are detaikd in the ac￿j￿ting ￿lic¥ where appI0￿e. Incominy Resour¢gs The incomiThJ r￿Ur￿ of the tharity have L￿ rt*0gn￿ lthe dkrity entitkment to funds, it is probab￿ that the Ir£On￿ will trE receival and ￿ amount can measured reliabty. Expendits Liatx"Iit￿S are recOgn￿ed as eMrMdittJre as as ttEre is a kgal N conthLtive obligation commitbng tharity to that exFe￿itUre. it is kyobabk that a transftt of economic benefits will required In settkment the arnount of the can te measured rdkibty. The charity is unabk to recover VAT on its eyndiiure and any VAT arsing is induded as part rf the expendittjre to whKh Vc rektes. Supp)rt Costs have been alkoted M the to9"s of dirert costs. financial Instruments The charity has fina￿al assets aTh1 IKatM"lths crf a kiThl that qualify as basic fironcLal ir$tru￿*nts, including its dd)tors and credi￿. Tlw a￿ initially t￿nised at transacbon value nd subseouwtty ￿lUe￿ at their settien*nt Va￿e. C&h arK1 cash equivaknts cotnprh* cash IA hand and call dewsits and a￿ to an ir&gnifKant rsk of d)ange in vakt. Tangible Fixed Assets and Depreciation Tangibk fixed assets a￿ stated at cost kss t1epreoabon. Depreciati￿ is provO*J at rates kukted ttk wrtte off cost kn estitnated resKI￿)I vak* of eath as*t i)ver its expÉrted u*ful lrfe, as folkm.. F￿res. ffttirws & Equiwnent- 33.33% Motor vehiC￿-40% reduang balan Social Invesimer cial inve5trnents, whose purpK>se is wholty or paruy to fvrther the (harity5 aitns. are measured at fair value. rf this can be rneasurd relkibty. ￿. rf ryjt then. at (x)st kn impairment. Page 32 NOTES TO THE ACCOUNTS CONTINUED ACCOUNllNG pouaES (Continued) Fo￿19￿ Currenry Foregn currency tran&ictions are tran5bted at the rate5 ruling whw they (Kcurred. Foreign alr￿ry monetary a￿ets and liabilibes are kn3nslat￿ at the rates ruling at the baLHnce sheet dates. Any differences are taken io the #￿ten￿rt frf finar￿￿1 artmt Fund Accounting Unrestricted general funds repr￿ent the ￿ndS of the thHrrty that are mt subject to any r*ricbons regarding ￿1r use are avaikbk for the general pur￿￿ of the charity. The tharity may designare its unrestrirt& funts ts a particukr wrp)se armj t￿ funds are aLso unrestsicred ar may ￿ unde*gnèted at any ti￿. Restsirted funds are tFK)se fvnds that must te spent ￿ resbKbJ putpw and detsi15 of tr* ftIr￿S bj and restrictions ￿ their use a￿ in note 13 to these finanoal *tements. Taxation The char￿Y is exempt from tax cffi its (hai1[ab￿ acbvitses. GRAPITS AND DONATIONS 2020 2019 Grdnts tk)natio 4.650.870 113.481 4,764,351 1353,488 78,428 2,431,916 fNVEsfMEiif IllCOME 2020 2019 D￿lde￿ incorr Interest Recewab 1.427 4.327 5.754 3,095 3,095 RAISING FUNDS 2020 2019 DIr￿t Costs Suptx>rt 32.718 51,582 2,857 Page 33 ENVIRONME1￿AL JusficE FOUNDATION CHARThABLE TRU TES E Accourits coiiriNUED FOR THE YEAR ENDED 315f DECEMBER 202 PROJECT COSfS 2020 2019 Oceans Campaign IProtectsng wi￿life and by ￿l[￿j catthirwJ aThl ilkgal fishing) Dirett t*oiect Costs SupkKYt Cost5 2,220,216 ,180 2,2￿,396 1,883,044 104,295 1,987,339 Clmate Refugees Dir* Proiert Costs Supwrt Costs 58.077 34.537 59,644 36,450 Hurnart Troffidtiny Dirett Project Costs SuprKrt Costs 127,795 196,709 131.244 207,604 Bees Project Dirett ProiKt Costs SuprKrt Costs 224 227 13 240 230 Woodland Dirert Projert Costs SuptKXt costs 250 257 Dirert Projert Costs sup[￿ Co 15.115 408 15.523 18,837 19,880 Dirert Project Costs Supwrt Costs 53,115 1,433 S4,￿8 3,123 173 3,296 Ptsstic Dir￿ Project Costs SuptLrt Costs 14.169 382 14.551 Wildlife DirELt PrO￿t Costs Suptxrt Costs 10.591 10,877 Page 34 ENVIR NMENTALJ NDATI HARThABLE TR NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31- DECEMBER 2020 PROJE￿ cosrs (￿ntInue) Audit fee Direct Project Costs Sakir￿s SuptLYt C05t5 4,5QO 3,205 24,879 761 51,413 58,409 34,J9 Ethlcal Cotton ProJ"#t T-shirts Costs SuprKrt Costs 538 15 553 3,416 189 3,605 Other Unrestricted Projects Dirert Proiett Costs SuprKrt Costs 44,978 1,215 46,193 Grants payable 2,682,325 2,292,￿3 SUPPORT COSTS 2020 2019 Education and Outreach Sakiries. Nl and P￿On Cos Insurance/Rent Ublities Training Tekphi)ne, Fax aré Web9te Cameral Wideo Equipr￿l 136 54.745 461 71,869 5.670 4,274 5,119 14,424 239 6,493 5,525 4,501 3,118 1,951 6,7 1,265 suw1￿$ Gereral Eynses Legal and Audit Fees Bank Charges Travel 1,302 942 71.364 123 183 Alkxated to: FundraigNJ Restritted Proj&t Unrestricted Project Costs (knemance 2,857 118,521 67,718 1,228 123 183 SuprKrt costs have been alkKated ba9$ ￿ dirert s5e51 Totsl in¥eth￿ts at 31 t*(￿L￿r 2020 10,000 io,wo Investrn￿t Cost at 31 DeC￿￿L￿r 2020 io,coo ii. DEBTORS 2020 2019 Partners advan E]F Ltd Isee Notè 16) Cxher debtiKs and wepaymwts knLEd LrKotne 27,374 26,600 74,368 311 241,332 26,600 47,332 324 EJF Charitable Trl￿ is the grant zthniDisiratt¥ for the 05 ProFct whKh involve5 a nutnber of tharibes ￿rkiry in Patherrthip. EJF grart furwjing to eath partner aovrding to an agreed sch*1uk. Page 37 ENVIRONMENTAL JUSflCE FthINDATION CHARThABLE TRusr NOTES TO THE Accouiirs CONTINUED FOR THE YEAR ENDED 31sf DECEMBER 2020 12. cRED￿ORS. AMoup¥fs FALUNG DUE wmiiN OIIE YEAR 2020 2019 P£cruals 58,853 13. REsfRicfED RESERVES Balance Ill January Balance 31rt Income Exwdiiwre Transfews December 2020 2020 ocea￿ Project Cotnrnunications Proiert 1.482.176 2257,120 12.280,396) 1,458.900 7,306 7,306 {2301 230 Hutnan Traffid(ing Project Clirnate f*o]ect W(KxJk 403 150.376 19,525 1131,2441 159,6HI {257} IIS.S23} 154,S48} 114,5511 19.535 40,119 iO.CM)8 9.751 15,523 54,548 Pb5knc 26.875 12,324 1499 893 2 457 186 2 567 270 118 007 1507 816 RESTRlCtED RESERVES (ttintinue)- LThlParntive 2019 Balan￿ l¥t January 2019 Balance 31st 2019 (tear6 Project CommunicJtyons Project 1,531,133 1.938,382 11,987,339) 1,482,176 7,3¢ 7,306 {240} 24Q Human Trafficking Proiert Climate ￿knJect W(L¥JkrKJ Forest 54,161 153,846 1207,6041 136,4501 403 36,450 iO.(N)8 LO,008 119,8801 3,296 19,880 3.296 2 092 228 1499 893 Page 38 ENvIRONmEP￿AL JusficE FOUNDATION CHARThABLE TRU THEA NTIN ED FOR THE YEAR ENDED 1ST DECEMBER 202 spl￿ OFASSEfs BETWEEN FUNDS Vnrestrfrted Funds Total 2020 Funds Fixed Assets Net Current A%5ets 104,938 2.562.479 104,938 4.070,295 I,￿7.816 2 667 417 1507 816 4 175 233 SPLTh OF ASSEfs BETWEEN FUNDS-Com￿rkne 2019 Total 2019 Funds Funds Fixed Assets t Current As5et5 34,398 653.241 34,398 2,153,134 1,499,893 1499 893 2 187 532 15. RELATED PARTIES S. TrenL Executive Dir￿, arK1 J. ￿lliamS, Op8*K￿5 of TrusL a￿ diiectors of EnvirOn￿Ents1 Jusknce Foundatwjn C(yDpany by 1>JaTrnt￿ l￿F Ltd) which 15 a nct-for-profrt Ster organis3tion otErating frorn the 5atne wetni5e5 a[￿ sharirKJ facil￿￿ and resour￿. During 2018 an advarKe of £26,599 was made to EJF Ltd to eftab￿ company to purd)ase a piece of w(A)dland. The W(A)dka￿ wll tE tranSf￿ra1 to E]F cr in 2021. Page 39 NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31- DECEMBER 2020 16. OPERATING LEASES COMMTfMEPITS Mlnlmum kase pa￿ under fKJn-(arrekbk or*atlrvJ knes tsll due as fdbws.. land and building 2020 2019 2020 2019 FalSrK) due within one year Falbro due b&ts¥een ore aThJ five yeat5 FalSrvJ due than five yea 58,422 70,043 58,422 58.422 128.465 17. COMPARATIVE FIGiIRES FI)R THE ￿ATENEr￿ OF FINANCIAL AcwivrriES AS REQUIRES BY FRS 102 Total 2019 Funds genwal Fund$ iyesfjgnated Funlts INCOME FROM Legacies and donati Charitabk activibes (Xher trading artivtrs Investy)￿ts IrKOtne - diswsal of assets Total 1092,228 339,(*88 172.383 2,431,916 172,383 5,699 3,Q95 321 3,1YJ5 321 228 521 186 2 613 414 EXPENDTfuRE ON Raising funds Charitable Totsl 54,439 54,439 2 292 803 2 347 242 (162,5811 428,753 266,172 incomel{expwvJrtu￿I TransfÈrs betv funds Net movement in ￿ndS 59.866 (59,8ffj) (102.715) 368.887 266,172 BakrKe brought fco¥ard I,602,￿8 318,752 1,921,360 carrifxl fotward 1.493.893 687.639 2.187,532