ENVIRONMENTAL JUSTICE FOUNDATION CHARITABLE TRUST TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Registered Charlty No 1088128
ENVIRONMENTAL JUSTICE FOUNDATION CHARITABLE TRUST coMrENTS Page LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES REPORT 2-18 INDEPENDE AUDoRs REPORT 19-21 srATEMENT OF FINANCIAL AVrrIEs 22 BALANCE SHEEr 23 STATEMENT OF CASH FLOW 24 NOTES TO THE ACCOUNTS 25-34
Page I ENVIRONMEN ALJU NDATI HARITABLE TRUST BER2 Trustees: Steve Mdvor (Chair) Tessa Gregory Andrew Kalman Bob Lutgen (Treasurer) Jullane Ruhfus Directors: Steve Trent (Founder and CEO) Jullette Williams (Founder and Director) Charlty Registration Number: 1088128 Prlnclpal Address: 2nd Floor, Gensurco House 3-5 Spafield Street Farringdon LoTrJon, ECIR 4QB Audltors: Knox Cropper LLP Chartered Accountsnts 65 Leadenhall Street LoThJon EC3A 2AD Bankers: Co-operatlve Bank PIC POBoxlOI l Balloon Street Manchester, M60 4EP Ebury 3rd Floor, 100 Victoria Street London, SWIE 5JL Triod05 Bank UK Ltd Deanery Road Bristol, BSI SAS The Charity Bank Ltd Fos* House, 182 High Street Tonbrtdge, TN9 IBE World first UK Limited Millbank Tower, 21-24 Millbank London, SWIP 2QP
Page 2 NMENTAL JU E FOUNDATION CHARITAB TEES. REPORT DECE ABouf EJF OUR MISSION The Environmental Justice Foundatlon (EJF) exlsts to proteLt the natural world and defend our fundamental human right to a secure envlronment. OUR VISION is for a world where nature can sustain and be sustained by the people who deFend upon it for thelr Ilvelihoods and other essential needs. We believe in and campalgn for environmentsl Justi - to empower the marglnallsed people and communities at greatest risk from our twin biodiversity and cllmate crlses. OUR WORK INVESTIGATIONS expose the threats to our natural world and the communities most closely dependent upon It. CAMPAIGNS unlte detsiled research, analysis and fllm maklng, to present solutions that brlng changes to the very 'architecture' of environmental governance. OUR LOCAL AcfIvIsM suppjrts, tralns and equips environmental defenders, Indigenous peoples, and Independent journalists in the Global South who are dedicated to protectin9 Nature. OUR PROGRAMMES CONSER VING THE OCEAIV Securlng legal, sustsinable and falr fisherles Protetting the deep-sea from mlning PreventlTrJ marlne plastlc wllution PROTECTING OUR CLIMA TE Conserving Nature's carbon stores - In our ocean, wetlands and forests Empowering climate refugees SUPPORTJNG ENVIRONMENTAL DEFEJVDERS Tralnlng and equipment provlslon that enables grassroots actlvlsm to thrive. Promotin9 independent Investlgatlve envlronmental journalism
Page 3 TAL EFO NDATIO LE DE EMBER 2 OUR sfRucfuRE, GOVERNANCE AND MANAGEMENT The Environmental justi Foundation charitable tnjst (EJF) was establlshed under a Deed of Trust in June 2000 and became a reglstered charlty In August 2WI. The trust deed guides our work to: Promote any charitable purp)se for the benefit of the public anywhere in the world, including the protection of the naturBI environment, the rellef of povety and dlstres5, the promotion of health and the advanrnent of education, particularly by awarding grants or other monetary payments. Advance the educatlon of the public about all environmental matters, including the preseryation, conrvation and sustainable development of the natural environment and the causes of environmentsl degradation or concern. Cary out or asslst In researching the natural envlronmental and ecologlcal systems and the Impact on these of both natural and anthropogenlc actlvltles. To publlsh or otherwise dlssemlnate the beneficlal results of such research, The board of trustees Is ultlmately responslble for E)F's good governance, whlch Includes flnancial controls, safeguardlng, and rlsk management. They ensure that the charity Is compliant and robust: eXedS its fiduciary, legal, and flnanclal obllgations, fulfils its mission and programmats'c commitments, and achieves Impact. The trustees serving during the FY 2023 are listed on page l. Together, the trustees can nomlnate, appoint, and re-elect trustees to the b)ard,' no other person or entity has the power to appoint trustees. The trustee recruitment and induction include terms of reference coverlng the hlstory, visioni public benefit and Impact of the charity, crltical 9)vernan requlrements and highlighting the aims of the Charlty Governano Code. All trustees are unpald, and none have a beneficlal Interest In the charity. The board holds regular (at least IIce yearly) In-person or hybrld meetings and addSe$ ad h¢X governan Issues as they emerge, The trustees have delegated strateglc declslon-maklng, Income generats'on, and operational matters to the leadership team (Ln, comprising the founding dirertors (CEO and direttor) and the chief operatlng officer (COO). A senior management team (SMT), including programme, country and regional managers, suppjrts the leadershipi which is ultimately responsible for reportiro to the Trustees on all oper7tional and strategic issues. The leadership and senior management meet bl-monthly and repjrt to the trusts accordlngly, partlcularly regarding emerging risks, mitlgatlon needs, and new or updated policies. As an international organisation with a unitsry strutture, EJF s UK HQ generates vlrtually 100% of the global income, agrees and oversees natlonal and programmatic budgets, and enables forenslc monltorlng and reporting of E]F's global spending. The income and expenditures reported herein reflect almost the entirety of our Intemational operatlDns and demonstrate EJF'S exemplary impact and dellvery of eXptIOnal value for money.
Page 4 NMENT DATI TEES. REPORT HARIT EAR ENDE ECEMBER 2023 SECURING PUBLIC BENEFrr The tnjstees and senior leadership ensure adheren to Charity Commlsslon guidan conceming public benefit. This trustee report detsils EJF'S beneficial Impact on environmental protection and assodated human rlghts and livelihocJs. These are detailed throughout the report and arise from our thorough research and field investigations, filmmaking strateoic advocacy, and our programmes wlth grassroots communities, conservationists, and others who share our vision. Our films, reports, briefings, and other communications and outreach bulld public, business, and polltlcal awareness, creating and sustalning t*)sitive change. E]F's pr(MJramme to deliver training, equipment, and support to environmentsl defenders and Journalists contribute5 to a stronger ovil society that can better protect the natural world and hold wrongdoers accountsble. The public beneflts are not unreasonably restritted In any way, nor is there any ham arising from the alms and attlvlties. MANAGING OUR RISK LIF uses proactlve, actionable, integrated, and wlde-ranging risk management In all asFects of our work in the UK and internationally. The SMT leads with dirett, informed oversight of risks and the rlsk reglster plots potential risks agalnst thelr probabilityi priority, and impact, identifying mltigatlon measures and responsibilities. Risk management is a standing Item In SMT meetlngs; the SMT and trustees undertake addltlonal, ad hoc dlscussions when new or strengthened risks are identified, for example, to mitigate cyber-attack risks. Our approach ensures appropnate systems and procedures are In pla to redu core internal risks and the highest levels of integrity, transparency, and effidency In reducing or eradicating risks.
Page 5 NM JUSTICE DATI ETR R THEY RISK MrriGATION MEASURES Flnanclal Unforeseen falls In Income Reserves fall below the agreed levels Fraudulent 1VIty to accounts Income plannirKJ trajertory mlnlmum of 3 year5 With an agreed SMT commitment to diverslfy Income sourtss. LT revlew unrestricted reserves In monthEy management accounts revlew to malntaln agreed levels (incffjslng In Ilne wlth new programmatlc coffThltments). LT and sr revlew spendlng agalnst income and swEftly address ary unexrorted anomalies wlth managers and finan team. Sound firkinclal controls and policy In place includlng multlple approvals of exFendltures plus sp)t controls on forelgn transactions pOrtIng - Income and bw controlled by EJF HQ. E]F has a zero-tolerance approach, conveylng thls exFertatlon to all offices and partners. Staff safety and securlty Investigatiors and fld projects and programmes are essentlal tt challenglrwj In dlfficult SUatIonS Includlng at sea. Every effort15 taken to ensure EJF exceeds Its duty of care to Staff, partners arKI communitles we work with and alongskie. Thorough tralnlng (Including at-sea, flrst-reSpO medical trainlng) persorkil safety equipment were provlded to staff and shared as approprlate wlth beneflar1eS. Detalled rlsk a5sessffnt - InCI1n9 expert local advio and gUIdan - before any overseas trlp or fleld travel can commence. Securlty and rlsk assessmenL medlvac Serv1 provlded through Global Guardian. mprehensive health and travel Insurance and bespJke In- country gJPFQrt are In place. Legal (Ilbel) actlon Fllms, reports, and materlals are thoroughly fact-chKked Internalty and revlewed by a Iltel Iwer fOre release. Cyber-attacks and data loss All staff are provlded with the cyber securlty poIiLryi approprlate pald-for security software. routlne back-ups to doud platforms andlor off-slte harthare for a55éts. Safeguarding (EJF or partner organlsatlon) The new strengthened pollcy is In Pla arKI implementstlon will be revlewed In 2024. Guidance wlthln the leadershlp wlll ensure that all skff and partners unthrstand that &ifeguarding is fuTrJamentsl throUgUt every aspett of E]F's work at every level, wlthout exptthn. A whlstle-blowlng pollcy 55 in place, and dedloited conts(ts provided for whistle-blowers anonymlty. Staff turrwjver makes programme goals unachlevable New recrultment and Ind110 Wot15 were iiitroduced, wlth a revlew of staff beneflts and remuneratlon In line with comparable nath)nal organtsatlons and a strengthened culture and work envlronment, Successlon plannlNJ and internal tralnlng and promotton Is underway to redu rlsk from staff departures.
Page 6 NME CE FOUN STEES, REPO TR ST R THEY DECEMBER BUILDING A DIVERSE, EourrABLE AND INCLUSIVE GLOBAL TEAM y the dose of 2023, EJF employed 28 staff on the UK payroll and a further 88 in our country offlces. comprlses 52 of whom are female and 64 male. Our mission is to protect the natural world, defend human rights, and promote social justyce. Undeepresented and marginalised people and communities are fundamentsl to our approach to environmental protection: we engage wlth and empower local communities and bjlld thelr partiapation to protect the natural environment and sustain their grassroots livelihoods. Our working culture, intemally and externallyi embra5 diversity, equity, and Indusion (DEI), We strlve to retruit from underrepresented groups arKI communltles, dlverse races, ethnicities, rellglons, abllltles and education, genders, and sexual orientstions. We recognise the value of an Indusive approach and the contributions that many varled eXperIen arKI perspectives brlng to our local, natlonal, and global teams and nthork. Our DEI culture strives to ensure that all team members. contributions are recognised and valued, their talents and asplrations are nurtured, and they are sUPPOrted to athieve their Fx)tential. We are proud that all our overseas staff members are drawn from the local not ex-pat workfor. We derlve strength from this rlch local expertlse, Inslght, and experien. We support and develop reglonal and national tslent, almlng enhance national capacity and enable grassroots activism to thrive in the long-term. We recruit staff on equltable and incluslve terms and build equlty, offerlng career progression, trainingi and personal development opportunltles. We aim to ex1 as an engaged, open, and supportive employer. We want to provlde fairly paid, long-term posltlons that nurture an inspired, mots'vated professlonal team working to *cure envlronmentsl Justlce. BUILDING SUSTAINABILrrY INTO ALL THAT WE DO Our campaign activlties leave a ft)otprint in the form of energy and resource demands arislng from unavoidable travel, energy usage, equipment provision, and printlng, amongst others. In 2023, we revised and upjated our 5UStainablllty policy to reduce our footprlnt and show leadership by example. The pollcy Is avallable at 'foundati 'f-sustaina and Includes sectlons on travel,. work5paS including reduced energy, resource use, and recycllng j and finance and investments to avold fuelllng the cllmate crlsls. In 2024 we will continue to Involve staff in findlng Innovatlve ways to reduce our footprint and Introdu local 'sustalnability champions, at natlonal and regional levels to strengthen and locallse our environmentsl commitments. Our carbon offset will invest in proven, locally led projects to protett the environment and res Indigenous peoples and traditional communltles. We will devise a robust syst against which we can monitor and rewrt the positive impatt.
Page 7 ENVI CEF NDATI INCOME FOR IMPAcf- FUNDRAISING POLICY Most of EJPS Income comes from prlvate phllanthropy (720/0) and govemment grant-making (230/0). The remainder comes from donatlons, sales and special events, and investment income. Our fundraising is structured to drive notable cost efficiencies and is led by the leadership and senior management team. We have bullt trusted relationships wlth multiple loro-term donors, and our work and impact on tIE natural world speak for themselves, E]F never employs professional fundralsets, external fundrBlslng agencies, or contractors, nor do we have direct marketing appeals (advertising, mail, or in person) or undertake public fundraising such as street collections. We are registered with the Fundraising Regulator and follow the code of Fundraising Prattl. Our growth strategy aims to double our Income (2022 - 2026), dlverslfy our fundlng sources and Increase the protortion of unrestricted and multi-year funding. This wlll enable us to respond to unforeseen opportunltles and urgent needs, and plan ahead across our programmes. We scrutlnlse Income sources and will never accept funding that would compromlse our Independen or Integrlty. We wlll protect EJPS reputsuon, encourage transparency, and enhan public trust and confidence in our work, impact, and value for money. SUPPORTING PARTNERS- GRANT MAKING POLICY On occasion, EJF awards grants to strdtegic and implementing partner organlsations. EIF was asked to be the fiscal sponsor for the Oan5 5 EU IUU Coalition and provides grants to local partners under our NORAD-supported programme In Ghana, our Walton supported programme on IUU and our 05 supported programme in South Korea. All grants require due diligen checks, a wrltten agreernt and regular repjrting from the reclplent. THANK YOU TO OUR FUNDERS AND SUPPORTERS EJF is eXp'0na1IY grateful for all the support from private and ststutory funders and the generoslty of individuals ar)d businesses who share our vision for a greener, fairer world. Th5s year we are honoured to have support from the following i)rganisations '. Arcadla Fund, Cameroon Wildlife Conservation Society, Canadian Ministry of Fisheris and oan$, DropLK)x Foundation, EuropeAld, Gordon and Betty Moore Foundation, Humanity United, Meridian Institute, NDICI, Norad, Norwegian Retailers Environment Fund, Oak Foundatlon, Oceanklnd, Oceans 5, Pew Charltable Tnjst, Rufford Foundatlon, Tara Cllmate Ltd, US Ststs Depart, Walton Family Foundation, Waterloo Foundats"on.
Page 8 HARITABLE T THE YE EMBE The year In numbers 20 major Investlgative films 7 Investigalive + film-maklng trlps (Brazll, Indonesia, Kenya, Senegal, Spain, Tanzanla) 33 campalgn rep 50,000 report vlewlngs onllne In over 60 countries Scffnalia, Camercon, Senegal, Ghana and Indonesla: 273 Journalists trained160+ articles Globally: 16 Illegal fishing vessel alerts l $7.2 mllllon worth of catch seized1350+ Inter4iews with migrant fishers Brazll: 22 Indigenous youth actlvlsts tralned to use drones and micro cameras Llberfa: 257 people tralned In DASE17 new CMAS | 30 VSL451 $300,000 saved by VSL4 members Thailand: 122 tonnes of nylon flshlng gear retrieved from the sea l $40,000 geneRted for communltles I 100,000 plastlc bottles avoided 110 refill statlons created Globally: 23 nations oprK)se deeSea mlnlng I. CONSER VIN6 THE OCEAN Securfng legal, sustainable, transparent and falr flsherles Our global ocean is the 'blue beatlng heart of our planet. Its immense bicJlverslty-over 245,000 known species- underpins fcM)d and livellhoods for blllions of people and helps prevent the worst Impacts of global warmirKJ. We published a outlining essential steps to protect thls Ilfe-glvlng blome. Our ocean programme exposes arKI curbs illegal fishlngi unldng strengthened grassroots capacty with natlonal and intematlonal action from governments and ind. We oppose deep-sea mining and marine plastic pollution and work with coastsl communities, governments and partners to dpen our urKler5tanding of aquatic ecosystems and the need to protett them. For the past 15 years, our Investlgatlons have exposed illegal, unrepcrted and unregulated fishing (IUUF) that destroys marine biodiversity and denles food and income to coastal people. Illegal fishing vessels don't just disregard environmentsl laws; they eate a life of abu, Violen and deprlvation for W0er5. Illegal fishing fleets are rarely challenged at sea or p)rts, enabllng their illicit catch to enter markets. Alongslde our Investigations, we root our work In coastsl communities and local organisations who Witne the impact on thelr envlronment and dally lrfe. Together, V generate evMyen that can hold fishing fieets accountsble and create vitsl transparency In seafocAI supply chains. In 2023, our ceaD programme extended across Africa arKI Asia, induding significant fishlng nations such as Ghana, Senegal, and Tanzania, to Thailand, Indonesla, Taiwan, South Korea, and seafwd markets suth as the EU, Japan, and the US. 2023: 16 vessel alerts l $7.2 mllllon worth of catrh seized1350+ interviews with migrant fishers
Page 9 TEE ' REPORT FOR Chlna has the world's largest dlstant water fishing fieet, comprising thousands of vessds that often operate far beyond any monltorfng or control. Our Investlgatlons comblne grassrcots intell1gen and fisher Intervlews wlth vessel trad(ing and analysis to provlde robust and actlonable eVIden that results In effectlve InteDntIOnS. We publlshed nlne brlefings on 33 Chlne5e 'd15tant watev fishlng vessels linked to illegal fishlng and human rights abuses. These We provided to the Chinese authorltles, market states (Indudlng the EU and US), regional fisheries management bodies, and port ststes. Our alerts contributed to a US repNt to Congress ating China's IUU fishlng OFerations. The Financial Times rewrted on ' hin 's fishin eet em in May, drawing on our intelligence and analysls, and In June, The Telegraph alSooon our work tsd(ling Chlnese trawlers In West Afrlca. As part of a reglon-wlde assessment of the Chlnese tlshlng fleet, our Investlgatlons In Tanzanla show thelr growing Influen on fisheries and marine management In the southwest Indlan on. In January 2024, teams wlll return to the reglon for further investigations in Mozambique and to Asla to Interview former crew. We will release a report and film in 2024. The PhIllppln - Working with local Filipino pathers, stsff Interrflewed over 80 workers from fishing vessels flagged to China, Taiwan, Korea, Namibia, Vanuatu, and the Seychelles. Their testlmonies reveal human rlghts atmjses, rampant Illegal flshlng and deliberate slaughter of wlldllfe, including sharks, dolphins and turtles. EJF Is supporting three enfOrMPt tsskforces Investlgatlng potentlal IUUF and labour abuses on Talwanese and thinese boats and one flyirffJ a Namibian, flag of convenlence,. We mapped 'hotspoV routes used for latrAiur trafficklng, whlch the Department of Just1 and other enforoment agencies ad(nowledge and Wdlue. Our advo(7cy Indudes presentstlons to the Inter-Agency Councll Against Trafficklng, the Department of Foreign Affalrs and the Philippines Centre on Transnational Crlme, each of which has fosteroj a tetter understanding and collalx)ration. Our partiapatlon In the ASEAN Meeting on Transnational Crime has prompted essentlal conversatlons on ratifying the ILO Work in Fishing Convention (C188). In Indonesla, we continue to interview hundreds of workers who have wltnessed illegal fishing, wlldlife and human rights abuses while working on foreign and domestic boats. Their eviden and testimonies have been instrumental In drlvlng reforms. In November, we laund our film on the mannlng agencles that recrult workers into fishing vessels, many of whlch are Ilnked to abuses and Illegal fishing. EJF has frjlned the Mlnlsty of ManFowerfs working group on labour recruitment refomis. Our wllcy brlef to the Coordinating Ministry for Maritime Affairs and Investments has (alled for Improved vessel Inspecdons In Ball. Whlle we build strong relations wlth governments, Y remain independent: for example, we submltted our alert on four unautFv)rlsed Indonesian boats to the Indlan Ocean Tuna Commission. Thailand's seafcod exports, valued at over $5 bn each year, have caused catastrophic dedines in martne blodlversty and led to modwn-day slavery in the fleet. sin 2015, our challenging investigations and unique NGO aCS to p)rts and at-sea patrols have underpinned SUCSSfUl engagement with the Royal Thal GovemmenL the EU, and others, leading to significant refornis.
Page 10
TAL
srIcE FOUNDATIO
EM
The 2023 elections ushered in a new government that the seafoc4J Indusiry wants to influen. Our briefing, Hi
D outllnes the benefits of recent refom)s to Thailand's economy and the small-scale fishers who wlsh to
keep the rules that protect them, thelr envlronment and their livelihchjds. However, the Cabinet and seven polltlcal
parties have submitted eight draft Fisheries Acts contsining articles that would erJe many transparency,
Sustainabllity, and labour protection achlevements secured over the last elght years. The w)Ilcy rollback would
reverse refomis arKJ isolate the county On more. In response, EJF led an initiative, in collatoration with 91
NGOS, to develop a 2iLStètLt dlrerted to Prime Mlnlster Srettha Thavisin, expressing shared
In
men
apprehenslons ab)ut the rollback of fisheries poliaes. EJF remains committed to scrutinising iTrJustry assertions
and advocating agalnst any reversal of hard-won WCvJress.
In South Korea, with Advocates for Publlc Law, we
ubllshed th
esti
atlon Into
working conditlons onboard Korean vessds. The Unlted Natlons Issued a letter to the Korean &)vernment, and the
Mlnlster of oanS and Fisherfes addressed questlons In the Natlonal Assembly. Outcome: The Korean
government pledged to amend the Plan for Further Enhanment for Workn"ng Conditions of Migrant Fishers on
Distant Water FishirrfJ Vessels to enhance protectlon for mlgrant fishing ¢Jew.
We putllstrEd The Broken Barrler and Im
lementation of the Port State Measures A
reement, reveallng
that poor monltorlng allows Illegally caught fish to enter Korea. Outcome: The Oceans and Fisheries Mlnlster
pledged to adopt our recommendatlons for their mandatory 'catch certificate,, bringing Korea into Ilne with
progress In the EU, US and Japan.
In March, our team Obsend the tell-tsle signs of Illegal flshlng left by the Korean vessel SUNFLOWER 7 In
Kiribati's waters. Our information prompted the Royal Thal Government to refuse enty to Bangkok's port and
prohlbit unloading Its tuna catch, valued at over $7 mllllcn. The Korean government later fined the vessel
$200,000 for its serlous lawbreaklng. This example shows the need for shared ts3nsparency benthmarks for all
fishlng fleets, whlch Is the broader goal of our ocean protectlon Ffogramme.
The Taiwanese govemment Is progresslng in fisheries transparency aThl inspections, at-sea monltorlng, and crew
protectvjn. Together wlth the Coalltlon for Fisheries Transparency, which co
Page 11 ATI BER2 In Japan, our new team member revSewed the fU1aMtal laws and loq)holes g¢)verning tuna Imports and domestic trade, showing how wfood associated with Illegal fishing and human rights abuses could enter tFE country. In December, we shared our report with the Japanese Fishetles Agency, key flsherles associations, and the Organization for the Promotlon of Responslble Tuna Fisheries (OPRT). In addltion to our extenslve fleld Invesbgations and remote vessel monitoring, we work wtth coastsl communltles and small-scale fishers to creats legal, sustalnable fisherles and better protect the marlne envlronment. In 2023, we expanded the use of our besp)ke smartphone appi DASE, whlch enables tlshermen to dlxument and share geo-tagged, adonable eVIden of illegal fishing. Outcome.. E]F has tralned over 250 tEople to use the DASE app in Ghana, Senegal, Cameroon and LiLEria. The Cameroon Government began publishlng the list of fishlrKJ lInS and acted agalnst illegal fishing boats, Includlng three vessels we exposed for illegalities. After EJF published an in-de th auth(Kities began looklng closer at vessels flylng a 'flag of convenIen, and fined some flshlng boats. We supported Cameroon in preventing three vessels listed as 'lUU' In reglonal fl5herles management organisations from contlnulng to fly the nation's flag. In Camercon and Senegal, our work prompted the authoritie5 to adopt new wles to suPrt 'community surveillance,. We rolled out the DASE app In the Douala-Edéa marfne protected area In Cameroon. TTrining included securlty and safety-at-sea workshops in local fishlng camps. More than 25 fishers and rangers tenefited from the trainingi and nine rangers were before the Court of Edéa for eVIden collected uslng DASE to tE legally permissible. "We have never had thls type of tralnlng before [...] Wlth the knowledge we have galned, I believ• we wlll be able to strengthen our survelllance efforts to detect and deter IUU flshlng and other Illegal actlvltlas In the Douala-Edéa National P•rk.' Eltel Pandong, Conservator of the Douala-Edéa Natlonal Pa, Cameroon In Ghana, the team ensured that over 500 small-scale fishers and communlty activists were involved In government discusgons on the Impact of the 'closed season,. The discussions were the first tlme flsherfolk have been able to monltor the effects of the 'closal season, and are a dlreot result of our engagement with the Mlnistry of Flsherles and Aquaculture Development and the Sher1e5 Commisslon. The team registered almost 17,000 fishers wlth the Ghana National Canoe Fishermen Council, giving this umbrella organisation a stronger footing to advocate for flshers, rfghts and more robust flsherles pollcles. In DeMber, our briefin presented a serles of recommendations to strengthen the legal framework and prosecutions for violations of fisherles laws. Llberfa . 257 people trained in DASE17 new CMAs130 VSLAS l $300,000 saved "Now, there Is no way for the trawlers to Ile because the app has made photographlng and reportlng them slmple. [...] I thank UF for installlng the app on my phone to help me monltor and protect our terrltorlal waters" Emmanuel Appleton, fisherman, Robertsport, Liberia
Page 12 ENVIRONMENT ND 'REP R THE EMBE Women in Liberla are critical to the flsherie5 sector, comprising 60% of the workforce. EJF helps estsblish Collab)rative Management Assodations (CMAS) to glve local communities more control over fisheries resources. The CMAS catalyse Village Saving and Loans Assoclatlon5 (VSL45), where women can save and acce mlcroflnan to pay for everything from education and health need5 to investlng in alternative livelihoods. Slnce 2021, over $300,000 has been saved across 23 associations, providing unprecedented financial resilience and buy-ln to localised fisheries governan. Women have galned greater confiderKe through their involvement In VSLAS and now hold half of the elected leadership Fositions in the new CMAS. C)Jr film T r W Are Stron and reports on ender in partldpatory, loczl fisheries management approach. "Were it not for the vs I would not have run for the CMA leaderghlp. VSLA gave me zeal, and my women also encouraged me. They saldi goi we will be behlnd you. My campalgn was successful, and It has brought me thls far.. MAe Maryi VI Presldent of Margibi County CMA, Uberla Lo11 our re the success ofthe VSLAS was published In March 2024 nD fend In Senegal, our film, showcases DASE'S use In coastsl communltles. Jolnt 5urvelllance teams have used DASE extensively during thelr patrols, capturing over 800 Images, includlng of unsustslnable and Illegal fishing practIs, such as an industrial vessel fishlng In a zone reserved for artlsanal fishers and the landlng of Juvenile fish. Our partners report a reduttlon In the quantlts-es of juvenile fish landed by artisanal vessels following the app's deployment and Improved revenue collectlon from fishlng permits. Our At the Tipplng Polnt re reveal the damage to marlne Ilfe caused by Industrlal trawlers. Outcome; With medla coverage In Le Monde, Jeune Afrique and Afrlca News arKI support from 14 local and reglonal organlsatlons, we urge Senegal to end destruotive bottom trawling. Our advocacy led to an unyecedented dialc>Jue between gra55roots stakeholders and policymakers: parliamentarians have agreed to develop an actlon plan tt) transform bottom trawllro, A Global Approach to Communlty PartlclpatSon - With new funding support from the EU'5 NDICI, we can stngthen and expand our approach to partlcipatory govemants. We are producin9 a Global Toolklt to Insplre and inform coastsl communities in 15 natlons across the Global South. The Toolkit will improve communlty monltoring strengthen governance and decision-maklng, and help emFower artisanal fishers, assoclatSons. Our Investlgadve team documented the devastating impacts of Illegal trawling In the Gulf of Gabès In Tunisia. The trawls are destroying millennla-old seagrass habitsts In thls part of the Medlterranean, leading to the collapse of l¢xal trdditions, economles, and rich marine habitsts. Outcome: The re ort and film reached local and Intemational medla, Including El Pais, Mongabay and vol of Amerlca, calling on Tunisian officials, EU pjlicymakers, and the General Fisherie5 Commission for the Medlterranean to protett the Gulf,
Page 13 Maklng change In the EU - Our team In Brussels camtkilgned to ensure EU pollcy better SUPkK)rts sustainaiAe and transparent fisheries. We a19) continued to support the implementstion of EU fisheries poliaes. Our detsiled Intelligen contrilxrted to the Eu's IUU dialogues with several nations. Our support also contribLed to calls for effettive and better Complian in regional fisheries management organ15atlons, such as the International Comml55ion for the Cortservatlon of AantIC Tunas and extended to sustslnable flsherfes partnershlp agreements. In Germanyi our team supported these Brussels-led efforts to ensure the adoption of progresslve EU Fisherles Control Regulatlon. Engaglng wlth the Mlnlstry Stste Secretsries and levant H&3ds of Unit, we ensured that Gemiany - as the Eu's most powerful Member Stste - reversed its posltlon on the 'margln of toleran,, whlch would have effectively legalised the mlsreportlng of fish catches. The work Ulted in EJF brnIng the 'go-to organlsatlon, for this Issue. Outcome: 2023 saw the long-awaited adoption of a new EU Fisheries Control Regulation with revlsed rules to help prevent overfishing and redu the Inodental catch of marine life. Thls refom refietts some transparen measures we advocate, such as an electronlc tracklng system for all EU flshlng vessds, uslng onboard cameras to monitor fishlng operatlons and the complete digitalisatlon of seafood supply chains for EU vessels. EJF staff successfully dosed a 'margin of toleran, loophole that would have legalised the misreportlng of catche5 on a mass5ve scale - a vital win for the marine envlronment. Securing global fisheries transparency - EJF, Otrana and the Coalltion for Fisherie5 TransparerKy Steerlng Committee (comprising WWF, Global Fishlng Watch and others) hdd regional workshops in Southeast and East Asia throughout 2024. These gatherings brought together around 50 grassroots NGOS across the reglons to forge new allIanS and advocacy actlons to secure tsznsparency. Defendlng the Deep Ocean e deep se•, in our view, 1$ our home, 1$ where we come from, and we are the culture of th¢ people of the deep sea. It 1$ our countryi It 1$ our home.. Solomon Plll Kahrfohalahala, Hawall Mining the deep oan floor for critical minerals would disturb the fragile balan of life, wlth devastating consequences for blc(Ilverslty, coastal communltles, and our global cllmate. Thls year, we launched a new campaign working with intemational partners to unite governmen¢ buslness and grdssroots Vol calllng for the deep sea to be protected. We released filmed Intervlews featuring community rep5entstiVes lanna (Cook Islands) and "li Kaho'o lahal (Hawaii), experts such as Professo ers and Vi r, and wivate sector Interests such as Triodos Bank, Patsgonia arKI Stot&taDd. e do not have sufficient knowledge about the deep ocean. We should not and cannot start mlnlng." Sebastian Unger, Gemiany's Federal Government Commlssloner for the Ocean We filmed Interviews wlth govemment repre5entstives, indudlng Sebastlan U Ge an Government Ocearb Commissioner & Olivier Poivre d'Arvor French Ambassador for the Poles and Maritime ffai l. We hosted a high-level webinar bringIr together Germanvs F&leRI Minister ft)r the Envlronment, Steffi Lemke, Parliamentary Stste Seuetsry Franziska Brantner (Federal Ministry for EcorKfflic Affairs and Climate Action), and representstives from BMW and the University of Califomia. er
Page 14 ENVIRONM srIcE FOUNDATION TRUSTEES, BLE TRUST REND Our rewrts Tow rds the A ss: Ho The il of dee -sea minin Dow media, induding the , BBC, and Reuters. sh to dee eami l instit ns and Cr AJ ? were well r1Ved at influential meetings and in leading Our Brussels team SucsSfullY campaigned to keep DSM product5 Out of the Eu's UkKoming Critical Raw Materials Regulatlon: the Parliament's final opinion included two of our suggested amendments. In the UK, we built support for a moratorlum by hostlng events at Westminster and drafting a letter that reiVed cross-paty support and coverage In the Flna cial Ti es. Outcome: In October, the UK government announced support for a moratorium, jolnlng a growlng list of nations supportlng the deep sea. Curblng Marine Plastlc Pollutbon Plastlcs are the largest, most harmful, and persistent type of Iltter In the ocean, maklng up over 80% of all marine debris. Around IOO/o of marine plastic pollution comes from dlscarded nylon fishing gear that kills or maims fish and many other non-tsrget species. Net Free Seas trains communltles to retrleve and rerycle nets, MoVINj this deadly waste from the marine environment and generating income for remote coastal communities. Net Free Seas (NFS) Thalland.. 122 tonnes of ghost gear collected l $40,000 generated for l¢xal communltles | 659 IcKal Jobs12,362 people supported NFS Indonesla was launched in 2023 with workshops, a tralning handbock, and posters aimed at mobilising and tralnlng communltles to manage their end-of-llfe flshlng gear properly. Outcome: 3 tonnes of nets collected14 communits'es12 partner companles repurposlng and recyding nets into furnlture or building materlals Bottle-Free Sea$ - Thalland Estimated 100,LKIO plastlc bottles avoided 110 water refill stsdons created. Atross the world, consumers buy more than I million plastic vRter bottles every mlnLrte. Drlnk bottles are one of the most common items of marine Iltter. Ending 5ingle-use plastic must be our shared goal. In 2023, we launthed Bottle Free Seas (BFS) in Bangkok. BFS comblnes public outreath with water refill ststions, creatlrrfJ a clean, rellable alternative to 5ingle-use plastic bottles. In the flrst three months, we estimate that BFS took 100,000 plastlc bottle5 Out of use. We are also urglng Thal authorlties to champion alternatives to plastic and advocating for Thal dtles to follow Bangkok's lead. We will expand thls new projett to creats scalable, replicable, and affordable optlons to the ubiquitous and unnecessary consumptlon of plastic bjttles. Thank you to EJF for dolng great thlngs for the people of Bangkok. In additlon to the Bangkok Metropolltan Adminlstration's target to Insts11200 publlc water reflll statlons wlthln our agendes, we are plannlng to expand to 5,000 water refill statlons in Bangkok through collaboratlon wlth prlvate sectors and other organisations, such as offices and alrports to foster the reductlon of slngle-use plastics." Chadchart Sittipunt, Governor of Bangkok, Thailand
Page 15 NVIR NM TION TRUSTEES, REPORT ITAB I. PROTECTING OUR GLOBAL CLIMA TEAIVD BIODIVERSJTY Conserving Nature's carbon stores - In our ocean, wetlands and forests Forests and wetlands are among the planevs most diverse ecosystems. Forests are home to around 80% of the world's terrestrial wildlife, and 400/0 of all plant and animal species depend on wetlands, including around 30% of known fsh species. They are also essential to mitigating climate thange. Peatland ecDSyStems, for example, cover just 3% of our planet's land surface but Sto twitr the amount of carbon as all the world's forests comblned. We are defendlng the Pantanal, Brazll. Our work has focused the Pantsnal, the world's most extenslve troplcal wetland. It Is home to Indlgenous peoples thousands of species, includlng Iconlc species such as the Jaguar, glant anteater, and glant otter. The blome provldes flocd protectlon and freshwater for 8 million people and is a dSt carbjn store. Cattle agrlbusiness, drought, and wildfires exac&bated by climate change destroy this unique pla. In Brnzil, our environmental ckfenders progrdmme (see below) suppjrts Indigenous youth actlvists, helplng them to 51st threats to thelr lands and vlolent attacks by powerful agribu51nesS. We help amFIIfy thelr cOnrn5 In Brasllla. Thls year, we hosted a tknoto exhibition in the Chamber of Deputles and made reFresentations at Senate hearings. We alm to glve vlslblllty to the Pantsnal that wlll help secure legal protectlons for the land, blodlverslty and Feop5e Ilvlng wlthin It. In Europe, we published a re on the links between EU beef imports and damage to the Pantsnal. Our researthers ests'mated that betren 2012-2021, the conversion of natlve vegetation to pasture released the same amount of C02 as burnlng 10.6 mllllon barrels of crude oll. Our report argues that 'other wwded land, needs tt) be Included In an expanded Deforeststlon Regulatlon to achleve Its conservation objettives. We also publlshed a re ort on slave labour In Brazll's beef Industry and Its Ilnks to the EU. The rep)rt investigated slavery on Pantanal ranches, IlUdIng some Ilnked to JBS, the world's largest meat trodur and a significant suppller to the EU and UK. Amplifying the Volces of Climate Refugees In late 2022, we were glven prlvlleged access to the Dadaab refugee camp In Kenya, where tens of thousands of Somall people have fled from a prolonged drought. We met with people born and raised in the camp, who are effectlvdy trapped and statele55. We gathered their climate witne55 testimonies and thelr hopes for the future. We wlll release a crltlcal reFort and film to help strengthen thelr Vol and contlnue to demand more robust legal protectlon for cllmate refugees. A traller for Radio Dada was released this year, and we will release a long-form film in early 2024. Energy Productlon We also produced a rep)rt hlghllghtlng the opportunlty and necesslty for Germany to brlng Its phase-out of coal in energy productlon foNard. Tre Cost of Germ 's Ener was launthed In June, complementing a 5h rt released in March, and shared with parliamentarians In the German Bundestag. A repcrt on the use of 'blomass' proded from natural forests to fuel energy produttlon, such as the Drax p)wer plant in the UK, is in the research phase. We will highlight the irreskK)nsible damage to climate and biodiversity caused by bioma55 produrtion and the burning of wood pellets transported from North Amerio and elsewhere to the UK. Drax power station prcmju5 rnore C02 than when it bum&l coal. In OCtOr, EJPS UK advocacy team attended the Labour conferen to raise pre55ing Issues, Includlng Drdx, with MPS and other5 before the 2024 General Election. We wlll release a report and tllm In 2024.
Page 16 ENVIRONMEN DATI USTEE ' REPORT R TH 2. EMPOWERIIVG GRASSROOTSEfivIROIVMEMfAL DEFENDERS Environmental defenders and investigative environmental Journallsts are Insttumenial In protecting Nature and the human rlghts dependent upon It. E]F helps Stngthen grassroots actlvlsm by training, equipping, 5UPPOrtlng and mentoring llxal leadership and amplifying voices for charoe. Promotlng Indedent environmentsl Journallsm to protert the ocean 273 Journalists tralned15 countries160+ artldes publlshed EJF'S ambltlous programme trains, equlps and provides bestK)ke suppcrft to Investlgatlve environmental journalists in the Global South. Our approach combines tethnlcal skills-based capaclty-bulldlng wlth fieldwork, mentorships, and story grants and facllitstes engagement wrth grassroots communltles. In 2023, we tralned 273 ioumalists In Somalla, Cameroon, Senegal, Ghana and Indonesla to document ocean protectlon. In Indonesla alcfie, EjF-ts3ln& joumallsts wlth small story grznts have r¢oduced over 20 artides coverlng the Illlclt trade of shark flns, mangrove deforestation and Illegal fishing. We publish&J an ' iv ournallsm with the TEMPO Institute In Indonesla to share best practices, helping to make investigative reporting more accesslble and SUSSful for the next generatlon of environmental Journalists. In Cameroon, we tralned fourteen Joumalists to report on IUUF, combining field research and InteNlews wlth artisanal fishers and others In the seafood sector. Na ional media covered the trainin and issues covered. A similar trdining benefiting 21 Senegalese Journallsts was also featured, leading to the publication of articles on, for example, overex loitation a d fisheries subsidies. In Liberla, our training workshop strengthened reportlng on fisheries. Award-wlnning Liberian Journallst Edward Blamo has 51nce published t0 pl$ - one in China Dialogue on s arks ndra s and one in Mongabay rerrf)rtlng our DASE a "I can't say that I'm already an expert on the subjec¢ but the knowledge I've acqulred glves me bas1& Thls course has Insplred a lot of interest In the subject from my fellow journalists here. I would Ilke to thank the organlsers for maklng this tralnlng posslble." Joumalist, Camerwn (2023) Our joumalist trdlning in Sornalla strengthens opportunities for environmental crime reporting, focusing on IUU fishing in challenging, hard-to-access coastal areas. In 2023, we trained eight Journalists and activists to investigate illegal fishing in Ras Hafun, a major IUU hotspot. Other journalists In o)astal areas continued to monltor foreign trawlers, reportirYJ around a dozen Chlnese and four Korean trawlers, as well as Veral Iranlan vessels. Thls sutve11lan t(K)k pla Ire a surge in piracy In the Bari region, with pirates using Iranian boats as 'motherships'. Outcome: Thelr eviden informs fisherles trBnsparency, our pather organisati, Radio Daljir, has used eVIden to inform the public and dedslon-makers. m in the Pan zil We have a loThJ-term commitment to wotectlng the Pantanal, some 70% of which lies in Mato Grosso do Sul, the state with the third largest Indigenous wpulation in the country. In 2022, it was also the state with the second- highest number of deaths of Indigenous peoples, some resulting from violent poli evittions. This year, we brought together 22 Indigenous youth activists, providing them with drones and mlcro-cameras and the training that will help them gather interviews and footsge of their teitOrieS and the threats to them.
Page 17 CE FOUNDATIO RITAB DE EMBER 202 Outcome: We contlnue to mentor the actlvists and provide bespoke guidan to help them use the cameras effectively; already, Images have been published In one of Brazll's leading newspapers. As an additlonal Impact, In November, Indigenous firefighters were able to use our drones to pinpolnt the dlrection of trdvel of the devastating wildfire5 that Swept the gIon. We will continue to promote these affordable technologies to raise COnrnS and actively protect the Pantanal. Protected Areas and Indlgenous Rlghts Thls year, Investlgators met Maasal people violently evlcted from their homes in Tanzania. The evlctlon5 are ostensibly in the name of COnserdtI0n. Our investlgatlon wlll publlshed as a report and fllm In 2024, highlighting the need to respect Indlgenous rlghts when protecting Nature, In the Okavango Delta, we have support&1 a grassroots ConSeatIon coalltlon opposlng gas and oll prospectlr in this biodive gIon. We will provide equipment to communlty leaders and ConservaOnIStS to help strengthen thelr advocacy nationally and internationally to protect the Okavango wetland, home to the world's largest populatlon of elephants. A report and film are in production. FINANCIAL REVIEW INCOME . £5,602,588 EXpENDuRE , £5,900,633 YEAR END BALANCE Total avallable funds: £5,242,430 A defidt has ari*n due to expenditure from grant income that was received and rOgniSed in 2022. The totsl unrestricted funds at the year end amounted to £3,012,430. RESERVES The trustees together with the CEO and Director dosely monltor and assess expendltures to establlsh an appropriate amount for the reserve to ensure EJF'S ongoing flnanclal and operatlonal securlty particularly In Ilne wlth the charfty's growing programmatic commitments. The reserve for 2024 will stsnd at £2.2m milllon representlng approximately six months of core operational costs.
Page 18 ABLE TRU TRUSTEES. R EMBER 2023 srATEMENT OF TRusfEE5' RESPONSIBILrrIES The trustees are responsible for preparing the trustees, annual report and the financial statements In accordan with applicable law and Unlted Klngdcwn Accounting Stsndards (United Kingdom Generally Apted AccountiNJ Practice). Charlty law requlres the trustees to prepare financial ststements for each financial year that give a true and fair vlew of the state of affairs of the d)arity and of the Incomlng resour and applicaticffl of resources of the charity for the year. In weparing those financlal statements the trustees are required to: select sultable accountln9 pollcles and then apply them consistentlyi observe the methods and principle5 In the Charities SORP; make JIgmentS and accounting estimates that are reasonable prudent; prepare the financial statements on the golng conrn basis unless It Is Inappropriate to presume that the charlty wlll continue in buslne5S. The trustees are responslble for keeplng accountlng records that are sufficient to show and explain the charity's transactlons and disdose with reasonable accuracy at any time the financial wsltlon of the tharlty and enable them to ensure that the finandal statements comply with the Charitie5 Act 2011 and regulations made thereunder. They are also responsible for safeguarding the assets of the chaiity and hen for taklng reasonable steps for the prevention and detectlon of fraud and other irregularltles. Thls report was agreed and signed on behalf of the Board of Trustees on the 28th August 2024 S. Mclvor (Chalr)
Page 19 TR TAL NDA ONCH ITAB Opinlon We have audited the financial ststements of the Environmentsl justi Foundation (the 'charity') for the year endèj 31 December 2023 whlch comprlse the Ststement of Financial Activities, the Balan Sheet, the statement of Cash Flows and notes to the financial statements, including a summary of slgnificant accounting policie5. The financial reporting framework that has been atwlied in their prepardtlon Is appllcable law and United Kingdom Accounting Stsndards, induding Financial Reportlng Stsndard 102 'The Financial Reporting Stsndard appltable In the UK and Republlc of Ireland, (Unlted Klngdom Generally Accepted Accounting Practi). In our opinion, the financial statements: give a true and fair view of the stste of the charity's affairs as at 31 December 2023 and of Its incoming reSoUrS and appllcatlon of resources for the year then ended; have Eeen properly prepared in accordan with United Kingdom Generally Accepted AccDuntlng Practice, including Financial Reporting Standard 102 Yhe Financial RetM)rtlng Stsndard applicable in the UK and the Republic of Ireland. and have been prepared In accordano wlth the requlrements of the Charltles Act 2011. Basis for oplnlon We conducted our audlt in accordan with Intematlonal Standards on Audltlng (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Audltorfs resronsibilities for the audit of the financial ststements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial ststements in the UK, includlng the FRC'S Ethlcal Standard, and we have fulfilled our other ethical responsibilities in accordan with these requirements. We believe that the audit evidence we have obtained Is sufflclent and appropriate to provide a basi5 for our opinion. Concluslons relatlng to golng concern In audltlng the financial ststement5, we have concluded that the trustees, use of the golng concem basls of accountirKJ In the preparation of the finandal statsments is appropriate. Based on the work we have performed, we have not identified any material unrtaIntleS relatlng to events or conditions that, indiwdually or collectively, may cast significant doubt on the charity's ability to contlnue as going conrn for a period of at least e1ve months from when the financial ststements are authorlsed for issue. Our responsibilities and the respon5ibilitie5 of the trustees with respett to going conrn are descrlbed In the relevant sections of this report. Other Informatlon The other Information comprises the information induded in the annual report, other than the finandal statements and our auditor's report thereon. The trustees are responslble for the other information. Our oplnion on the financial ststements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responslbllity Is to read the other infomiation and, in doing so, consider whether the other Informatlon Is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencie5 or apparent material mlsstatements, we are required to determine whether there 15 a material mlsstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are requlred to rep3rt that fatt. We have nothlng to rewrt In this reJard.
Page 20 Matters on which we are requlred to report by exceptlon We have nothing to report in respect of the following matters in lation to which the Charities (Accounts and Reports) Regulations 2008 require us to rewrt to you if, in our opinion: the infomiation given in the financlal statements Is inconsistent in any material respect with the trustees. report; or Sufficient accounting records have not bn kept; or the financial statements are not In agreement with the accounting records; or we have not reIVed all the information and explanations we require for our audlt. Responslbllltles of trustees As explained more fully in the Trustees, Responsibilities Ststement set out on page 23, the Trustees are reSnsIble for the preparation of the finanaal statements and for tEing satisfied that they glve a true and fair view, and for such Internal control as the trustees determlne is necessary to enable the preparation of finanoal statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charfty's ability to contlnue as a golng conrn, disdosing, as applicable, matters related to golng conrn arKI using the going conrn basis of accounting unless the trustees either intend to liquidate the company or to cease operatlons, or have no realistic alternative but to do so. Auditor's resporffjlbilities for the audlt of the flnanaal statsments We have been appointed as auditor under sectlon 144 of the Charities Act 2011 and report In accordan with the Act and relevant regulations made or having effect thereunder. Our objectlves are to obtaln reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to Issue an auditor's report that irKludes our opinion. Reasonable assuran is a hlgh level of assuran, but is not a guarantee that an audit condutted In accordance with ISAS (UK) will always detect a materlal mlsststement when it exists. Misststements can arise from fraud or error and are consldered material If, iThlividually or In the aggregate, they could reasonably be expected to Influen the economic decisions of users tsken on the basis of these financial statements. Irregularltles, Including fraud, are Instan of non-complian with laws and regulatlons. We design procedures in line with our respjnsibilities, outllned ab)ve, to detect material misstatements in respett of irregularities, includlng fraud. The extent to which our procedures are capable of dettIng irregularltles, Induding fraud is detailed below: The Charty is required to comply wlth charity law and, based our knowledge of Its activities, we identified that the legal requirement to comply with the Charity SORP was of key significance. We gained an understsndlng of how the charity complied with its legal and regulatory framework, Induding the requirement to comply with the Charity SORP, through discussions with management and a review of the dumented Folicies, prclureS and controls. The audlt team, which is experienced in the audit of charities, tonsidered the charlvs susceptlblllty to materlal mlsstatement and how fraud may c£cur. Our considerations included the risk of management override. Our approach was to check that all income was properly identified and accounted for and to ensure that only valld and appropriate experKliture was charged to the charitys funds. This induded revlewlng Journal adjustments and unusual transactions.
Page 21 A further descrlptFon of our resF()nsibilitio£ for the audit of the finanaal statements is located on the Financial RertIng Counal's website at: www.frc.org.uvauditorsresponsibiliti&. This description foryns part of our auditor's report. Use of our report This report is made solely to the tharltys trustees, as a body, in accordan with Part 4 of the Charltles (Accounts and Reports) Regulations 2008. Our audit work has been undertaken, so that we might state to the thaiity's trustees those matters we are requlred to state to them in an audltorfs report and for no other purpose. To the fullest extent permltted by law, we do not acpt or assume responslblllty to anyone other than the charity and the charity's trustees as a body, for i)ur audit work, for thls report or for the oplnlons we have fonned. k-fvLLF Knox Cropper LLP, ststutory Auditor 65 Leadenhall Street LoNlon. EC3A 2AD 2024 Knox Cropper Is ellglble for ap1ntrnent as audltor of the charity by virtue of its ellglblllty for aprM)intment as audltor of a company under sl0n 1212 of the Companies Act 2006.
dge 22 ENVIRONMENTAL JusfIcE F NDATION ABLE TRusr ATE F FINAN Isf DECEMB unrestric Total Funds Income fund 2023 Total Funds 2022 Income INCOME FROM: Grants and donations Charitsble attivities Other trading athvities Investments Other incorr Total 3,312.787 2,206,926 5,519,713 5,018,038 1,900 2,404 14,914 3,994 38,544 3,994 38,544 3 351625 2 250 963 5 041692 EXPENDrruRE ON: Raising funds Charitable activities 47,280 2,172,406 47,280 5,853,353 35,791 4,482,967 3,680,947 Totsl 3 680 947 2 219 686 5 900 633 4 518 758 Net gainsl(losses) on Investments Operational foreign currency gainsl(losses) (IT2,451) (172,451) 170,072 Net incomel(expenditure) {329,322) (141,174) (470,496) 693,006 Transfers betwe ftjnds 13 NEf MOVEMENf IN FUNDS {329,322) (141.174) (470,496) 693,006 Balare$ ixDught foNard at l January BALANCES CARRIED FORWARD AT 31 DECEMBER 2023 2 559 322 3 153 604 5 712 926 5 019 920 2 230 IXIO 3 012 430 5 242 430 5 712 926
Page 23 NMENTAL JUSTICE FOUNDATI HA AB LAN STDE EMB 2023 2022 Notes Flxed Assets Sc(ial Investment Tanglble Assets io 58,099 79,264 57,884 116,461 Current Assets stock Debtors Cash at bank and in hand 6,331 966,121 4 352 264 5,324,716 7,754 241,121 5 337 099 5,585,974 li Credltors: Amounts falllng due wlthln one year 12 Nét Current Assets 5,105,067 5,538,581 Totsl Assets Less Current Llabllltles 5 242 430 5 712 926 FUNDS Restrlcted Income Funds Unrestricted IrKome Fund 13 14 2,230,000 3,012,430 2,559,322 3,153,604 Totsl Funds 5 242 430 5 712 926 The accounts were approved by the Trustees on the 28th August 2024 arKI slgned on its behalf by: m"/- S. Mdvor Chalr
Page 24 ENVIRONMENTAL JU NDATIO HARI BLE TR TATEME CASH srDE EMBER 2023 2023 2022 Cash flows from operating actlvltles: Net cash provlded by/(used in) operatlng activitieg (973,965) 670,110 Cash flows from Investing actlvltles: Dividends and Interest from investments Purchase of property, plant and equlpment Proceeds from sale of assets Purthase of Investments 38,5 (57,153) 7,954 (215) 14,914 (105,289) Net cash provided byl(used In) Investlng actlvltles (10,870) (90,375) Change In cash and cash equlvalents In the reportlng perlod (984,835) 579,735 Cash and cash equlvalents at the beglnnlng of the reporting perSod Cash and cash equlvalents at the end of the reportlng perlod 5,337,099 4,757,364 4,352,264 5,337,099 Recondliation of net Incomel(expendlture) to net cash flow from operating activltles 2023 2022 Net incomel{expenditure) for the reportlng perlod Depreclation charges other (Galns)Ilosses Dividends and Interest from investments (Increase)Idecrease in debtors Increasel(decrease) In creditors (Increase)Idecrease in stock (298,045) 86,396 (172,451) {38,544) (724,798) 172,054 1,423 522,934 80,996 170,072 (14,914) (46,379) (42,778) 179 Net cash pmvidedby/(usedln) operatlng artlvlties (973,965) 670,110
Page 25 ST NOTES TO THE FINANCIAL ACCOUNTS ACCOUNTING POLICIES Basls of Preparatlon of Accounts The financial ststements of the charity, which Is a public benefit entlty under FRS 102, have tRen prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reportlng by Charltles: ststement of Recommended Practice applicable to charits'es preparing their accounts In accordan wlth the Flnanclal Reportlng Stsndard appllcable In the UK and Republic of IrelaThJ (FRS 102) (effective l January 2019),, Financial Reportlng Stsndard 102 'The Flnanclal RekK)rtiro Stsndard appllcable In the UK and Republic of Ireland, and the Charftles Act 2011. The Trustees consider that there are no material UnrtaintieS about the Trust's abillty to continue as a golng concern. The financial 5tstements are presented in pjunds sterling. Judgements ond key Sources of estlmatlon uncertalnty Judgements and key sources of estlmatlon unrtaInty are detalled in the accountlng w11 where appllcable. Incomlng Resources The incoming resources of the charlty have been recognlsed On the charlty has entitlement to the funds, it is probable that the income will be received and the amount can be measured rellably. Expendlture Liabllltles are recognlsed as expendlture as soon as there Is a legal or construrtlve obllgatlon committing the charity to that expenditure, it is probable that a transfer of economic beneflts wlll be requlred In settlement and the amount of the obllgation can be measured rellably. The charity is unable to recover VAT on Its expendlture and any VAT arlslng Is Included as part of the expenditure to which it relates. Support Costs have been allocated on the basis of direct costs. Flnancial Instruments The charity only has financial assets and liabilities of a kind that qualify as baslc flnanclal instruments, including its debtors and creditors. These are Inltlally recognised at transaction value and subsequently valued at their settlement value. Cash and cash equivalents comprfse cash In hand and call deposits and are subject to an inslgnificant rlsk of change in value. Tangible Flxed Assets and Depreclatlon Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Fixtures, Fittings & Equipment- 33.33% Straight line Motor vehicle - 20e/o Straight line Fixtu$ and Flttlngs - 33.33% stralght Ilne
Page 26 ENVIRONMENTA UNDATION C BL RTHE ACCOUNTING POLICIES (Contlnued) Soclal Investments soc1 investments, whose purpose is wholly or partly to further the Charivs aims, are measured at falr value, if this can be measur1 reliably, or, If not possible then, at cost le Impairment. Forelgn Currency Foreign currency transactlons are trdnslated at the rates ruling when they occurred. Foreign currency monetary assets and liabilities are translated at the rates rullng at the balan sheet dates. Any differences are taken to the statement of financial activities. We do not trade In foreign currency and manage the transfer of funds btheen currencles to ensure minimum exposure and exchange varlances. Fund Accountlng Unrestricted general funds represent the fund5 of the charity that are not subject to any restrictions regardlng their use and a available for the general purposes of the charlty. The charlty may designate its unrestricted funds for a partlcular purpose and these funds are also unrestricted and may be undeslgnated at any tlme. Restritted ftjnds are to te used in accordance with the specific restrictions imposed by the donor. Transfers to the restrlcbj funds are EJF contributions to the activities. Taxatlon The charity is exempt from tax on Its charltable actlvltles. GRAKfs AND DONATIONS 2023 2022 Grants Donations 5,341,204 178 509 5 519 713 4,827,177 5 018 038 XNVEsfMENT INCOME 2023 2022 Dividend income Interest Re1vable 2,318 2,410 RAISING FUNDS 2023 2022 Direct Costs Suppjrt 44,215 33,247
Page 27 NDA ARITABLE TRU cou HE YEAR ENDED 3 ST PROJEcr cosrs Restrlcted Unrestrlrted Total Total 2023 2023 2023 2022 Oceans Campaign Direct Project Costs Support Costs 3,354,161 232 505 3 586 666 1,442,040 4,796,201 332 465 5 128 666 3,457,649 1542 000 3 722 261 Cllmate Dirett Project Costs Support Costs 10,207 708 193,967 204,174 355,743 207 413 218 327 Human Trafflcklng (2023 onwards Included In Oceans) Direct Project Costs Support Costs 69,776 69,776 85,119 Envlronmental Defender$ (formerly Actlvlst Tralning) Direct Project Costs Support Costs 8,187 567 235,704 243,891 68,897 260 797 Wetlands & Forests Dlrect Project Costs Supp)rt Costs 96,095 96,095 5,430 416 102 756 102 756 Plastic {2023 onwards Included In Oceans) Dlrect Projett Costs Support Costs 93,032 Wildlrfe (2023 onwards Included In Oceans) Dlrect Project Costs Support Costs 18,691 Communications (2023 onwards Included In relevant project) Dlrect Project Costs sUprt Costs 6,753 517
Page 28 NVIRONMENT Jus NDATI N CHARIT E TRUST TES TO THE ACCOUN R THE YEAR E PROJEcr cosrs (contlnue) Restrirted 2023 Unrestricted 2023 Total 2023 Totsl 2022 Fashlon (formerly Cotton) Direct Project Costs Support Costs 15,370 15,370 20,525 Governance costs Audit fee Dlrect Project Costs Salaries Support Costs 7,800 10,212 30,390 7,800 10,212 30,390 6,120 631 46,121 3 680 947 5 853 353 4482%7 SUPPORT COSTS 2023 2022 Salaries, NI and Penslon Costs Programme Premises costs Legal and Audlt Fees Bank Charges Depreciatlon Ovetheads Travel 128,836 9,296 62,454 21,644 10,484 77,217 45,627 108,027 14,884 29,127 2,857 7,517 82,332 70,067 382 508 320 800 Allocated to: Fundraising Restrlcted Project Co¥cs Unrestricted Project Costs 3,065 238,617 140,826 2,544 235,215 83,041 382 508 320 800 Support Costs have been allocated on the basls of direct costs.
Page 29 RONMEN fflc UNDA RU NTIN EMBER 2 7. TRUSTEES None of the Trustees (or any persons conneded wlth them) reiVed any expenses or remuneration from the charltsble trust during the year. 8. EMPLoYeES Number of Employees There was an average number of 30 (2022: 25) employees worklng In the UK. Additionally 81 (2022.. 65) members of stsff in Liberia, Ghana, Germany, Thailand, Korea, Belgium, Indonesia, Phlllpplnes, Frnnce, Japan, Taiwan, Brazil, Cameroon and Senegal are paid locally. 2023 2022 Employment Costs Wages and Salaries Sc(lal Securfty Costs Other Pension Costs Other tenefits Overseas contractors 2,171,437 299,358 98,257 37,512 787 563 3 394 127 1,700,720 222,052 84,417 670 328 2 677 517 The number of employees whose employee benefits exceeded £60,000 was: 2023 2022 £60,001- £70,000 £70,001- £80,000 £80,001- £90,000 £90,001- £100,000 £100,1 - £iio,000 £IIO,(KII - £120,OLXI Senior Leadership comprises the CEO, Director and Chief Operating Officer. The totsl emplo benefits paid to key management personnel durlng the year amounted to £325,574 (2022: £295,151).
Page 30 NVIRONME NDATION NTS ORTH ER 2023 9. TANGIBLE FIXED ASSErs Computers and Cameras Motor vehicle Fixtures and Flttings Total 2023 Total 2022 Cost At 1st January Additions Disposals At 31st Dember 320,087 47,043 47,560 47,619 io,iio 415,266 57,153 309,977 105,289 359 176 415 266 Depreclatlon At 1st January Charge for the year At 31st Dernber 227,150 42,667 28,988 298,805 217,809 291656 385 201 298 805 Net Book Value At 31st December 2023 At 31st December 2022 116461 io. SOCIAL INVEsfMENr In 2016 EJF Trust purchased 5,000 £1 shares In a new Welsh Wind cOp wlth an addltlonal investment of £5,000 made In 2018. In 2020 an additional 48,000 £1 shares were purchased in EGNI solar energy. During the current year the Trust purchased minimal sha5 in energy companies to give it a$S to shareholders meeting In order to further its charitsble activities. 2023 2022 Cost at l January 2023 Additions Dlsposals Gainsl(105ses) Totsl investment5 at 31 December 2023 57,884 215 57,884 Investment cost at 31 Dernber 2023
Page 31 ENVIRONMENTAL JU ND TABLE TR OTES T 11. DEBTORS 2023 2022 Partners adVanS (see Note 12) E]F Ltd (see Note 15) Accrued income Prepayments Other debtors 112,678 26,600 26,600 720,873 171,116 51,794 966 121 241121 E]F Charitable Trust is the grant administrator for The Norwegian Agency for DeveloFfflent Cc4Jperatlon, the Rockefeller Phllanthropy Advlsors (05 Project) and Walton Family Foundation grants whlch Involve a number of charltTes working in partnership. EJF advances grant funding to each partner according to an agreed schedule (*e Note 12). 12. CREDThORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2023 2022 Accruals Partners adVanS Other dItorS 58,230 99,512 47,393 £47 393 13. REsfRIcfED INCOME FUNDS Balance I January 2023 Balance 3111 December 2023 Income Expendlture Transfers onS Project Human Trafflcklng Project Cllmate Project Woodland Environmental Defenders (Activist training) 2,456,754 3,311,213 (3,586,666) 2,181,301 74,613 9,450 9,751 8,754 (74,613) (10,914) 40,412 38,948 9,751 (8,754) £2 559 322 3 351625 368094 2 230 000
Page 32 EFO NOTES TO THE AC ED R THE YEAR ENDED 3 ST DECE The iknans programme works in the EU, Africa and Asia to Secure legal, sustsinable and equttable fisheries. Reserves support investigations and grassroots partnershlps, and natlonal and intemational advocacy that builds transpancY into fisheries and protect marlne blodiver5ity. The Human Trafficking project is part of the Oceans programme - investigations and advocacy to end mcQem-day slavery in the seafood sector. The Cllmate Programme works to secure protectlon for climate refugees, conserve Nature's carbon stores and end fossil fuels. Wo&lland - fundlng was secured to purchase and maintsin a Welsh woodland as our 'carbon offsev. Attlvist Tralnlng (thereafter 'Envlronmentsl Defenders,) provides equlpment, tralning a1 support to grassroots environmentsl activist5 and Investigative environmental joumallsts In the Global South. The Marlne Plastic programme works with coastsl communities to remove harmful nylon flshlng gears from the sea, and to reduce the use of plastic water bottles. REsfRicfED INCOME FUNDS- comparatlve 2022 Balance l•t January 2022 Balance 311t December 2022 Income Exp•ndlture Transfers Oceans Project Communlcatlons Project Human Trdfficklng Project Climate Project wcd1and Attivist tralnlng Plastic 1,546,379 3,609,864 (2,626,565) (72,924) 2,456,754 6,753 {6,753) 37,203 129,044 392,418 (91,634) (382,968) 74,613 9,450 9,751 8,754 9,751 10,000 (74,170) 72,924 £1600 086 4 206 261 3 247 025 2 559 322 The transfer represented a donatlon for Actlvlst tralning allocated to on5 project in 2021.
Page 33 EN UST CONTINUED ST 14. UNREsfRICTED INCOME FUND Balance ill January 2023 Balanc• 31" December 2023 Income Expendlture Transfers General funds 3,066,164 2,250,963 (2,392,137) (116,000) 2,808,990 Designated funds Carbon Offset 87,440 116,000 203,440 3 153 604 2 250 963 239213 3 012 430 15. SPLrr OF ASSETS BETWEEN FUNDS Unrestrlcted Funds Restrlcted Funds Totsl 2023 Flxed Assets Net Current Assets 137,363 2,875,067 137,363 5,105,067 2,230,000 3 012 430 2 230 000 5 242 430 SPLrr OF ASSEfs BEfwEEN FUNDS - comparative 2022 Unrestrlcted Funds Rertrfcted Funds Total 2022 Flxed Assets Net Cuent A55ets 174,345 2,979,259 174,345 5,538,581 2,559,322 3 153 604 2 559 322 5 712 926 16. RELATED PARTIES S. Trent, Executive Director, and J. Williams, operations director of the Trust, are also directors of Envlronmentsl Justice Foundation Company Limlted by Guarantee (EJF Ltd) whlch is a not-for-profit Sister organisation operating from the same premises and sharing rtain facilitie5 and reSoUrs. Durlng 2018 an advance of £26,600 was made to EJF Ltd to enable the company to purchase a piece of woodland. The woodland will be transferred to LIF cr in 2024.
Page 34 EN MENTAL E FOUN HARITABLE TRUST NTINUED R THE YEAR ENDED 31ST DECEMBER 202 17. OPERATING LEASES COMMThMENTS Minimum lea* payments under non-cantrllable operating leases fall due as follows: Land and bulldlng 2023 2022 Other 2023 2022 Falllng due wlthln one year Falling due beteen one and five years Falling due later than five years 135,040 211,883 112,099 285,377 397 476 18. COMPARATIVE FIGURES FOR THE sfATEMENT OF FINANCIAL AcfIviTIES AS REQUIRES BY FRS 102 Restrlcted Funds Unrestrlcted general Funds Total 2022 ZNCOME FROM Grants and donatlons aritsble actlvities Other trading actlvltles Investments Other income Totsl 4,203,584 814,454 I,goo 2,404 14,914 5,018,038 1,9C(J 2,404 14,914 4 206 261 835 431 5 041692 EXPENDrruRE ON Raising funds Charitable activities Total 35,791 1235 942 1271733 35,791 4 482 967 4 518 758 3 247 025 3 247 025 Other gainsl{losses) Net incomellexpenditure) Transfers between funds Net movement in funds 170,072 170,072 959,236 (266,230) 693,006 Balan brought fOard 1,600,086 3,419,834 5,019,920 Balan carried forward 2 559 322 3 153 604 5 712 926