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2023-04-30-accounts

THE CORPORATE JUSTICE COALITION CIO

Registered charity no: 1179102

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS

for the year ended

30 APRIL 2023

INDEX TO PAGES
Page number
Charity Details 1
Trustee Report 2-4
Financial Review 5
Independent Examiners Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the accounts 9-13

The Corporate Justice Coalition CIO A Charitable Incorporated Organisation Reg. No. 1179102

TRUSTEE REPORT AND ACCOUNTS FOR YEAR ENDED 30 APRIL 2023

The Trustees present their report and the financial statements for The Corporate Justice Coalition CIO for the year ended 30 April 2023. The charity is also known as CJC.

CHARITY INFORMATION

LEGAL NAME The Corporate Justice Coalition CIO The Corporate Justice Coalition CIO
REGISTRATION Charity number: 1179102
BOARD OF TRUSTEES The following persons have served as members of the Board
during the year and up to the date of this report:
E. Maclay
T. J. Cooke-Hurle
E. S. L. Harris
S. Joshi
I. D. Leader
O. Martin-Ortega
S. M. Qadri
S. Talbot
EXECUTIVE DIRECTOR Mark Dearn
REGISTERED OFFICE Unit G.6
17 Oval Way
London
SE11 5RR
BANKERS Co-operative Bank PLC
PO Box 101
1 Balloon Street
Manchester
M60 4EP
INDEPENDENT EXAMINER Joel Williams

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The Corporate Justice Coalition CIO A Charitable Incorporated Organisation Reg. No. 1179102

TRUSTEE REPORT AND ACCOUNTS FOR YEAR ENDED 30 APRIL 2023

OBJECTIVES AND ACTIVITIES

The Corporate Justice Coalition’s charitable objectives are:

To promote human rights (as set out in the Universal Declaration of Human Rights 1948 and subsequent human rights conventions, declarations and decisions of the United Nations, International Labour Organisation and regional bodies), by all or any of the following means:

The Corporate Justice Coalition is the long-standing UK civil society coalition working to improve the accountability of multinational companies for their impacts on human rights and the environment globally. We have more than 64 formal partner organisations and work with a range of other organisations and individuals, including academic institutions, legal practitioners, activists and campaigners, parliamentarians, civil servants and government.

We facilitate information sharing and collaboration through our email groups, our well attended, regular calls and events, including our biannual partner meetings for planning our collective work. We continue to play an active role on the Board of the European Coalition for Corporate Justice – our Director was appointed Secretary in May 2022. We have now also secured sub-granted funding from a group of funders – Open Society Foundation, Laudes and Humanity United - over two years for a joint international project on parent company accountability for human rights abuses which we undertake with colleagues in Europe, the USA, Canada, Australia, Africa, Mexico and South Asia.

We continue to attend the Home Office’s Transparency in Supply Chains thematic group - part of the Modern Slavery Strategy and Implementation Group - and we remain part of the Department for International Trade’s Sustainability Expert Trade Advisory Group. However, we no longer hold an alternate seat on the Steering Group of the UK National Contact Point for the OCED Guidelines for Multinational Enterprises, housed in the Department for International Trade.

We respond to government and international (e.g., EU, UN, OECD) consultations on business and human rights issues and provide regular in-person (via calls) and written briefings for MPs, peers and their advisors. We continue to ensure our work is linked to ongoing and relevant legal cases and issues wherever we consider them to be relevant to our work – and we continue to await the next steps in the Okpabi v Shell case which remains due to proceed to trial in England, after our 2020/2021 intervention with the International Commission of Jurists in the UK Supreme Court case of the same name.

We continue with our significantly increased social media output on existing and new channels and our regular publication of a range of articles and outputs by partner organisations, academics and others on a wide range of business and human rights issues – we thus continue to ensure we promote our work and raise public awareness of business and human rights. We also continue to seek to speak to and write for mainstream media, placing news and comment articles in relevant publications, in

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The Corporate Justice Coalition CIO A Charitable Incorporated Organisation Reg. No. 1179102

TRUSTEE REPORT AND ACCOUNTS FOR YEAR ENDED 30 APRIL 2023

addition to producing videos on social media and regularly speaking on panels and in public fora – again, to promote our work and raise public aware of business and human rights issues.

PUBLIC BENEFIT

Trustees keep in mind the guidance from the Charity Commission on public benefit when establishing our aims and objectives and planning our future activities and we intend to comply with this. Much of our activity is geared towards achieving long-term changes to the legislative and regulatory framework for the governance of business and, as such, benefits are not always immediately visible. For example, our work which was central to achieving progressive amendments to the Modern Slavery Act was carried out over a number of years but has resulted in positive change for beneficiaries in the UK and overseas. Similarly, much of our activity over the past two years fits into a longer-term trajectory of securing legislative change which will ultimately lead to greater protection of individuals and communities around the world from human rights abuses by business.

ACHIEVEMENTS AND PERFORMANCE

We continue our long-term project of calling for new legislation enshrining a corporate duty to prevent negative human rights and environmental impacts (also known as ‘mandatory human rights and environmental due diligence’), with work associated with this across our organisation and coalition spanning strategic planning and engagement with our many partner organisations, political advocacy, engagement with businesses and media and communications work.

We have made significant advances through 2022 and into 2023 in advancing our campaign. Working with our civil society allies, we held an inaugural ‘business and civil society roundtable’ to bring together businesses and civil society groups in support of a new UK law. Building on this, we worked with partners to engage further businesses to join our existing business statement calling for a new law.

We similarly worked with our partners to coordinate 38 UK investors representing £4.5 trillion in assets under management to release a statement calling for a UK ‘Business, Human Rights and Environment Act’ (the name we use for the law we call for) – this was released alongside YouGov Polling showing that 4 in 5 of the British public want a law to prevent business supply chain human rights and environmental harms. We also released an updated business statement, now with 50 signatories calling for a new UK law.

Our political advocacy work also continues apace. We have pursued meetings with politicians from all political parties, including independents and cross-benchers: we have met MPs/advisors from the Liberal Democrats, the Labour Party, the Scottish National Party and Plaid Cymru, alongside Scottish and UK Government civil servants.

We coordinated letters endorsed by multiple civil society organisations to the UK Prime Minister and relevant ministers ahead of the 2022 G7 meeting; by civil society organisations, businesses and investors to the then new UK Prime Minister in 2022; and by civil society organisations, businesses and investors to the Leader of the Labour Party. For the second consecutive year, we also held an event at the Labour Party Conference fringe with speakers from civil society, politics and the legal profession, while we are also working towards securing an event in Parliament focused on our new law and to be hosted by an All-Party Parliamentary Group.

Our work alongside a partner organisation and expert legal consultants to respond to the Law Commission’s ‘project on corporate criminal liability’ – alongside engaging in meetings with Law Commission staff - helped achieve an outcome of our call for a criminal ‘failure to prevent’ human rights offence to be selected among the options for law reform presented by the Commission to Government.

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The Corporate Justice Coalition CIO

A Charitable Incorporated Organisation Reg. No. 1179102

TRUSTEE REPORT AND ACCOUNTS FOR YEAR ENDED 30 APRIL 2023

As is usually the case, our coalition planning meeting – attended by representatives of 14 organisations and funded via our sub-grant from the European Coalition for Corporate Justice – formed the basis of our planning for our ongoing, collective work. As a result of this, we planned, designed and launched a new campaign website – ‘Good Business Matters’ – targeted at decision makers and inclusive of a ‘pledge’ for them to sign. We similarly refreshed our Parliamentary Briefing for a new law, endorsed by 31 organisations, and began work on producing a model law with input planned from our civil society partners, legal experts and allied civil society groups from the Global South; to date, we have published a number of drafts reflecting the inputs of some of the aforementioned groups. We are also working on another key agreed output from this meeting, the compilation of a number of case studies of human rights/environmental harms from around the world involving UK businesses and/or investors, highlighting how a new UK law could have made a difference and packaged into a report.

Our public campaigning work also continues to build. The shared petition we coordinate now has more than 100,000 signatures from members of the UK public, members/supporters from among our partner organisations have contacted and/or sought and secured meetings with MPs, while we have spoken at a number of events, including on the decade anniversary of the Rana Plaza factory collapse in Parliament, at the Scottish TUC Conference in Dundee and at a meeting for UNISON members held in London.

Our work as a whole has also been funded by Joseph Rowntree Charitable Trust, Sigrid Rausing Trust and Poldham Puckham Charitable Foundation, in addition to a number of voluntary contributions made by our partner organisations, as is the case every year.

STRUCTURE, GOVERNANCE AND MANAGEMENT

GOVERNING DOCUMENT

The Corporate Justice Coalition CIO is a Charitably Incorporated Organisation. and adopted a new CIO constitution on 24 November 2021. Previously The Corporate Justice Coalition was registered as a charitable company with effect from 6 July 2018 (originally as The Corporate Responsibility (CORE) Coalition Ltd).

BOARD

The charity’s Board of Trustees met three times during the year. The Trustees all give their time voluntarily and received no benefits from the charity. Our Chair of the Board of Trustees is still Elaine Gilligan, while all other trustees remain in post.

It is considered that all Trustees and any others who could be understood to be ‘managers ’in the activities and affairs of the CIO - as defined in Schedule 6 of the Finance Act 2010 - have completed declarations confirming that they are ‘fit and proper ’persons under the terms of the Finance Act 2010.

RECRUITMENT AND APPOINTMENT OF TRUSTEES

Trustees are recruited by advertising in professional journals and also via the charity’s networks, and appointed at a trustee meeting.

STAFF

We employed three staff during the year: a Director to lead the organisation’s work, a Senior Policy and Advocacy Officer and a Policy and Campaigns Officer. We also added a fourth, a part-time Finance Officer, after the year end.

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The Corporate Justice Coalition CIO A Charitable Incorporated Organisation Reg. No. 1179102

TRUSTEE REPORT AND ACCOUNTS FOR YEAR ENDED 30 APRIL 2023

RISK MANAGEMENT

Trustees are aware that there are a variety of risks which have the potential to affect our success and aim to take these into account when planning our activities or responding to events.

FINANCIAL REVIEW

RESULT FOR THE YEAR

The Trustees report an excess of income over expenditure of £46,954 which will be added to reserves for use in 2023/24.

RESERVES

The accounts show reserves of £100,789, all of which are unrestricted.

RESERVES POLICY

The charity has a reserves policy, which identifies the restricted and designated funds required to meet future commitments, and a minimum level of unrestricted reserves to ensure that core activity could continue during a period of unforeseen difficulty. This has been calculated at approximately £73,740, which is 6 months of staffing and overhead costs.

The unrestricted reserves at 30th April 2023 were £100,789 which meets the desired target and also provides funds for 2023-24 activities and operating costs.

Signed:

Name: ELAINE MACLAY Date: 2 November 2023

On behalf of the Board

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The Corporate Justice Coalition CIO A Charitable Incorporated Organisation Reg. No. 1179102

TRUSTEE REPORT AND ACCOUNTS FOR YEAR ENDED 30 APRIL 2023

Independent examiner’s report to the trustees of Corporate Justice Coalition CIO (‘the CIO’)

I report to the charity trustees on my examination of the accounts of the CIO for the year ended 30 April 2023.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the CIO’s accounts carried out under section 145 of the Act. In carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the CIO as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joel Williams 1 Montrose Avenue Stretford Manchester M32 9LN

2 November 2023

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The Corporate Justice Coalition CIO A Charitable Incorporated Organisation Reg. No. 1179102

TRUSTEE REPORT AND ACCOUNTS FOR YEAR ENDED 30 APRIL 2023

Statement of Financial Activities

For year ended 30 April 2023

Income
Notes
Income from donations
2
Income from charitable activities:
3
Investment income
4
Total Income
Expenditure
Costs of raising funds
Expenditure on Charitable activities
5
Total expenditure
Net Income/(Expenditure) and net
movement in funds for the year
RECONCILIATION OF FUNDS
Total funds brought forward
Total funds carried forward		 2023
2023
2023
2022
Unrestricted
funds
Restricted
funds
TOTAL
FUNDS
TOTAL
FUNDS
£
£
£
£
167,783
29,179
196,962
121,520
309
0
309
0
422
0
422
15
168,514
29,179
197,693
121,535
0
0
0
0
117,704
33,035
150,739
135,514
117,704
33,035
150,739
135,514
50,810
(3,856)
46,954
(13,979)
49,979
3,856
53,835
67,814
100,789
0
100,789
53,835

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 9 to 13 form an integral part of these accounts

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The Corporate Justice Coalition CIO

A Charitable Incorporated Organisation Reg. No. 1179102

TRUSTEE REPORT AND ACCOUNTS FOR YEAR ENDED 30 APRIL 2023

Balance Sheet as at 30 April 2023

Notes
Current Assets
Debtors
12
Cash at bank
Total current assets
Current Liabilities
Creditors falling due within one year
13
Total current liabilities
Net Current assets
Total assets less current liabilities
The funds of the charity:
17
Unrestricted funds
General unrestricted funds
Restricted funds		 2023
£
£
21,434
90,856
112,290
11,501
11,501
100,789
100,789
100,789
100,789
0
100,789		 2022
£
£
1,045
57,670
58,715
4,880
4,880
53,835
53,835
49,979
49,979
3,856
53,835		 2022
£
£
1,045
57,670
58,715
4,880
4,880
53,835
53,835
49,979
49,979
3,856
53,835
11,501 4,880
100,789 49,979
53,835
53,835
49,979
3,856
53,835

These financial statements of The Corporate Justice Coalition CIO Registered Number 1179102 were approved by the Board of Trustees and authorised for issue on 2 November 2023

SIGNED ON BEHALF OF THE BOARD OF TRUSTEES

Name: E MACLAY

The notes on pages 9 to 13 form an integral part of these accounts

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The Corporate Justice Coalition CIO A Charitable Incorporated Organisation Reg. No. 1179102

TRUSTEE REPORT AND ACCOUNTS FOR YEAR ENDED 30 APRIL 2023

Notes to the accounts

1. ACCOUNTING POLICIES

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland (FRS 102) (effective 1 January 2015) - Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The financial statements have been prepared under the historical cost convention. These accounts have been prepared in accordance with the Charities Act 2011.

There have been no changes to the basis of preparation this year or to the previous year's financial statements.

The Corporate Justice Coalition CIO meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes(s).

b) Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) have been met, it is probable that the income will be received and the amount can be measured reliably.

d) Tax reclaims on donations and gifts

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation Is considered to be part of the gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

e) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102) general volunteer time is not recognised but is referred to in the trustee's annual report.

f) Fund accounting

Unrestricted funds are funds received which have no restrictions placed on their use and are available to spend on activities that further any of the purposes of the charity.

Designated funds are unrestricted funds of the charity which the trustees have decided to set aside to use for a specific purpose.

Restricted funds are funds which are to be used for purposes specified by the funder.

g) Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

h) Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid

i) Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account

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The Corporate Justice Coalition CIO A Charitable Incorporated Organisation Reg. No. 1179102

TRUSTEE REPORT AND ACCOUNTS FOR YEAR ENDED 30 APRIL 2023

Notes to the accounts (cont.)

j) Liabilities

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

k) Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charity does not currently have any significant accounting estimates or areas of judgement.

2. DONATIONS
Grants
Action Aid
Amnesty International
Business and Human Rights Resource Centre
CAFOD
Christian Aid
Friends of the Earth
Human Rights Watch
Global Witness
Joseph Rowntree Charitable Trust
Leigh Day
Oxfam
Polden Puckham Charitable Foundation
Scottish Catholic International Aid Fund
Steelworkers for Humanity
OSF/Laudes/Humanity United
The Sigrid Rausing Trust
The Tides Center OSF/ICAR
UNICEF
European Coalition for Corporate Justice
(ECCJ)
ECCJ BHRinLaw project
ECCJ ASBL - 2021 grant
ECCJ ASBL - 2022 grant
ECCJ ASBL - 2023 grant
Donations from individuals
Gift Aid Received
3. INCOME FROM CHARITABLE ACTIVITIES
Contributions to travel costs		 2023
£
Unrestricted
1,500
7,500
10,000
6,000
3,000
5,000
1,000
3,000
57,500
10,000
2,000
20,000
0
0
40,000
0
0
1,058
0
0
180
45		 2023
£
Restricted
0
0
0
0
0
0
0
0
0
0
0
0
0
11,150
0
8,881
0
0
0
4,954
4,194
0
0
167,783
309
309

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The Corporate Justice Coalition CIO A Charitable Incorporated Organisation Reg. No. 1179102

TRUSTEE REPORT AND ACCOUNTS FOR YEAR ENDED 30 APRIL 2023

4. INVESTMENT INCOME
Deposit account interest
5. EXPENDITURE ON CHARITABLE
ACTIVITIES
Staff costs (note 9)
Travel and accommodation costs
Partner meetings
Events and workshops
Research and publications
Political consultancy support
Communications support
Website overhaul
Support costs (note 6)
Governance Costs (note 7)
6. SUPPORT COSTS
Rent, rates, service charge
IT equipment and office supplies
Employers' liability insurance
Subscriptions
Website hosting and software
7. GOVERNANCE COSTS

Policy consultancy fees
Board meeting costs
Legal fees
Independent examiner fees
8. NET OUTGOING RESOURCES
The Operating Surplus is stated after charging :-
Accountancy services
Independent Examiner fee
Trustee Emoluments		 2023
£
Unrestricted
93,628
792
970
556
2,943
7,450
908
2,697
7,552
208		 2023
£
422
2023
2023
£
£
Restricted
TOTAL
22,775
116,403
0
792
0
970
0
556
4,194
7,137
0
7,450
4,666
5,574
1,400
4,097
0
7,552
0
208
33,035
150,739
Restricted
TOTAL
0
3,831
0
248
0
579
0
937
0
1,957
0
7,552
Restricted
TOTAL
0
0
0
58
0
0
0
150
0
208
2023
£
2,460
150
0		 2023
£
422
2023
2023
£
£
Restricted
TOTAL
22,775
116,403
0
792
0
970
0
556
4,194
7,137
0
7,450
4,666
5,574
1,400
4,097
0
7,552
0
208
33,035
150,739
Restricted
TOTAL
0
3,831
0
248
0
579
0
937
0
1,957
0
7,552
Restricted
TOTAL
0
0
0
58
0
0
0
150
0
208
2023
£
2,460
150
0		 2022
£
15
2022
£
TOTAL
120,856
322
0
299
880
2,000
1,424
206
7,149
2,378		 2022
£
15
2022
£
TOTAL
117,704 135,514
Unrestricted
3,831
248
579
937
1,957		 Restricted
0
0
0
0
0		 TOTAL
3,856
117
532
1043
1601
7,552 0 7,149
Unrestricted
0
58
0
150		 Restricted
0
0
0
0		 TOTAL
1,278
0
950
150
208 0 2,378
2022
£
4,640
150
0

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The Corporate Justice Coalition CIO A Charitable Incorporated Organisation Reg. No. 1179102

TRUSTEE REPORT AND ACCOUNTS FOR YEAR ENDED 30 APRIL 2023

Notes to the accounts (cont.)

Gross Salaries
Employer's National Insurance Contributions (net of Employment Allowance)
Employer's pension contribution
Accountancy services
Intern fees
Other staff costs
9. ANALYSIS OF STAFF COSTS, AND TRUSTEE REMUNERATION AND
EXPENSES		 £
£
101,035
103,038
5,968
6,347
4,939
5,095
2,460
4,640
0
176
2,001
1,560
116,403
120,856

No employees received employee benefits exceeding £60,000 (2022 nil).

Trustee remuneration and expenses

The trustees all give freely their time without any form of remuneration or other benefit in cash or in kind. No trustees received reimbursement of expenses during the year (2022 - nil).

10. STAFF NUMBERS

The average monthly head count during the year was three (2022 - three )

11. PENSIONS

Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity contribution is restricted to the contributions disclosed in note 8. The costs of the defined contribution scheme are included within expenditure on charitable activity costs.

The designated money purchase plan is managed by NEST although staff may choose other plans. The plan invests the contributions made by the employee and employer in an investment fund to build up over the term of the plan. The pension fund is then converted into a pension upon the employee’s normal retirement age which is defined as when they are eligible for a state pension. The total expense ratio of the NEST plan is 0.3 % and this is deducted from the investment fund annually. The charity has no liability beyond making its contributions and paying across the deductions for the employee’s contributions.

12. DEBTORS
Grants Receivable
Other debtors
13. CREDITORS
Credit card account
H M Revenue & Customs
Accruals		 2023
2022
£
£
20,298
0
1,136
1,045
21,434
1,045
2023
2022
£
£
1,426
181
2,128
2,052
7,947
2,647
11,501
4,880

14. POST BALANCE SHEET EVENTS

There were no significant post balance sheet events.

15. CONTINGENT LIABILITIES

As at 30 April 2023 the charity was waiting to hear regarding a possible payment due for a legal opinion given in 2021, that had previously been considered a pro bono service. The extent of the liability is uncertain but would be a maximum of £5,000. (2022 none).

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The Corporate Justice Coalition CIO A Charitable Incorporated Organisation Reg. No. 1179102

TRUSTEE REPORT AND ACCOUNTS FOR YEAR ENDED 30 APRIL 2023

Notes to the accounts (cont.)

16. RELATED PARTIES

There were no disclosable related party transactions during the year (2022 - none).

17. STATEMENT OF FUNDS
Unrestricted funds
General funds
Restricted funds
ECCJ 2022 – campaign funding sub-grant
ECCJ 2023 - campaign funding sub-grant
Tides - Challenging Corporate Power
Steelworkers - Challenging Corporate
Power
TOTAL FUNDS		 Balance at 30
April 2022
Incoming
Resources
Resources
Expended
Transfers
between
funds
Balance at 30
April 2023
£
£
£
£
£
49,979
168,514
117,704
0
100,789
49,979
168,514
117,704
0
100,789
3,856
4,954
8,810
0
0
0
4,194
4,194
0
0
0
8,881
8,881
0
0
0
11,150
11,150
0
0
3,856
29,179
33,035
0
0
53,835
197,693
150,739
0
100,789

Unrestricted funds are available to be spent for any of the purposes of the charity.

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

General
Funds		 Designated
Funds		 Restricted
Funds		 Total Funds
£ £ £ £
Cash at bank and in hand 106,736 0 (15,880) 90,856
Other net assets /(liabilities) (5,947) 0 15,880 9,933
100,789 0 0 100,789
19. Comparative for the Statement of Financial Activities
Income Unrestricted Restricted TOTAL 2022
Donations 109,477 12,043 121,520
Income from charitable activities: 0 0 0
Investment income 15 0 15
Total Income 109,492 12,043 121,535
Expenditure
Costs of raising funds 0 0 0
Expenditure on Charitable activities 106,425 29,089 135,514
Total expenditure 106,425 29,089 135,514
Net Income/(Expenditure) 3,067 (17,046) (13,979)
RECONCILIATION OF FUNDS
Total funds brought forward 46,912 20,902 67,814
Total funds carried forward at 30 April 2022 49,979 3,856 53,835

13