Registored number: 13882886 Charitynumber: 1201812 JUSTICE FOR JOURNALISTS FOUNDATION (A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 JUSTICE FOR JOURNAUSTS FOUNDATION (A company limited by guarantee) CONTENTS Page Refernncg and admlnlstrativo dotallg of thg charlty. Its Trugt¢es and •dvis8rn Tru•teo5' report 2-11 Tru8tses' responsibilities statemènt 12 Indep8nd•nt ox•min•rfs report 13-14 stat•mont of flnan¢S118Ctlvldo8 15 Balance $hg•t 16 statsment of ¢a8h flows 17 Notss to tho flnanGlbl •ithments 18-30 JUSTICE FORJOURNALISTS FOUNDATION {A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 JANUARY 2025 Trustee$ & directors Elton Shane, Chalr13ppointed 16 April 2025} Maria Logan, Trustee Vafa Fati-zada, Trustee lappointed 2 September 2024) Olga Dolburt, Trustee Ir¢signed 18 July 20241 Richard Pooley lappoinled 18 July 2024. resigned 2 September 20241 Maria Ordzhoniktdze. fomefly the Chair (re8igned 16 April 20251 Company reglstered nufflb¥r 13882886 Charty regl$tergd numbor 1201812 Rogistarod office 16 Great Queen Street Covent Garden London WC28 SAH Prfnclpal offi¢• 67 Wlmpole Street London W1G 8AP Indop•nd•nt•xaminer Falsal Khan Va M J Golz & Co Odeon House, 146 College Road Harrow HAI 18H Page 1 JUSTICE FOR JOURNAUSTS FOUNDATION IA company limit•d by guarnnt•81 TRUSTEES. REPORT FOR THE PERIOD ENDED 31 JANUARY 2025 TheTruslees presenttheir annual report togetherwth the audrted financial statements ofthe charity forthe period 1 February 2024 10 31 January 2025. The Annual report $eNes the purposes of both a Tru5tees' report and Directors, rep)rt under company law The Truslees confim thal the Annual report and flnanclal ststemenls of th8 chadlable company have been prepared In accordance wlh the a¢coLJnting policies set out In the notes lo the finaneial slalemenls and compty with the current ststulory fequirements, the requiremen15 of the charitable company's governing document and the provision8 01 the Statement of RecommerKfed Prathce {SORPI appli¢able to chanties preparing their financial statements in accordance wtth the Financial Repo￿n9 Standard applicable In the UK and Republic of Ireland IFRS1021 (effective 1 January 20191. Since the Charity qU8llfies as small under section 382 of the Companles Act 2006, the Strategic report requlreil of medlum and large Companies under Ihe CompaniesAcl 2006 ISlrategi¢ Report and Direclois, Report) RegtJlabon3 2013 h89 been omltted. Oblectlves and actlvltles a. Alms and obj•ctiv The objects ofthe charlty are.. A. To promote human rights 8$ sel out in the Universal Declaration of Human Rights in part￿ular Article 19 and as sel out In the European Convention on Human Rlghts in particular Artlcle 10 and subsequent Unilgd Nallonals convèntion8 and decJar8tions land other intemalional treatigs and laws} throughout the world, specifically by protectsng the right lo freedom of expression, by all or any of the followng m¢an8.' Monitoring abu8es of human nghts. 11. R8i$lng awareness ot such human rlghts 111 Promotsng public support for such human rights iv. Research Into such human rights 5Ygues Intematsonal advocacy of Such human rights. B The 8tJvancemenl of educalon and IralnSng for the publk benefit In the prote¢tion and security ofjoumali818 and olhor media workers All activities undertaken by the ch8rlty are subje¢l to its freed¢)m of expression criteria Set forth wrth prominence on Its webslte and 8$ 8umm8ri8ed below, The Twstees do note the Univer881 Declaration on Human Rlghts, and European Convention on Human Righls do not create an absolute human rKJhl lofreedom ofexpresslon and th81 thero are Gonstrainls which are necessary and appropriate. All activities Iwhelher investigative grant consideration, risk mapping ond approval of. or lending support to. campaign5 undertaken by other charities and like organisationsl lake these limitats'ons into consideration Accordingly, the Trustees have formal critsria and processes in place lo ensuie these are uphold. The Universal DeclaralKJn on Human Righ15 does not create an absolute Yighl to ￿edOrn ol speech but il Ilogelher th tis successor. the Inlemalional Covenant on CNil and Poliltcal Rohlsl sets a balance wth a range of other rights and freedoms. These exceptions 8re ftjrtherdeveloped In the Eufopean conVen￿On on Human Rights and Incorporated into UK domeskn"c in Human Rigms Ad 1998. Page 2 JUSTICE FOR JOURNALISTS FOUNDATION IA company limited by guarnntsel TRUSTEES. REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 JANUARY 2025 Objectivès and activities (continuèd) Stsles may restTlCt thls right If they can Show that their acllon is la￿1. necessary and proportionate for example, in order to.. 1. Protect national security, tenilorial inlegrty (the border8 of the ststel or public Safety. 2 Prevent disorder or ￿Me. 3. Protect hea￿ or morals. 4 Protect the rights and reputations of other people. S. Prevent the disclosure of information received in confidence. 6. Malntaln thè authority and impartialtyofiudge5. The Trustees shall always conslder in carrying out the objects of the charity and activities 8et forth below, awareness ofthe above criteria on the followng basis.. al Whether a right has been or will be curtailed. bl Whethef any constraints can be Suslified In le￿3 of Arlicle 10.2 of the European Conventlon on Human Rights. cl Whethèr those Gonstralnls are necessAry and w)ortlon8te. In a￿OrdanCe ￿ the charity's Mission Ststemenl and Objects, the charty provide8 SUPPOrt work1￿"d0, for Ihe invesbgalion of violence and abu8e against media workers vtho have been targeted as 8 result of carrying out their professional duties and r818lng public awareness by various means as further descflbed in thls Report. Th Vast majority of attacks against media workers remain unpunished, and there are currently no internallonal mechanisms for pursuing and obtaining ju8ilce. The term 'medla workeTS' Include5 journallsts. camerapersons. photographer5 and other employee8 and managers of tradth'onal and digital media, as well a$ onllne bknggers. b. Grant-maklng progrnmme The charity has successfully completed Its Ilve-year long Invesligalive Grant Programme to aGhleve Its obleclive8 lo raise public awareness of 8cts rauslng hami to journalists and other medla workers In Ihe conduct of their legitlmate duties Throughout the duration ofthe Investigative Grant Programme. the TrLsslees were committed lo ensure the criteria above are applied in relation Its investigabve grant programme to journalists and other media workets as more particularly described on Ihe charity website and In accordance with the requirements of the Charty Commis$l¢)n to admlnlsleT the grant programme in a way that identifies and manages risk. to ensure it is administered In a¢wTdance with the charity's objects and critèria and in compliance with all relevant laws. The grants were made available lo medla workers and organisations 811 over the wodd who were able to receive funds from the charity in compliance with all required due diligence procedures, and any legal restrictions. to %thloh the charity may hove been subjert. The maximum amount offered for each individual grant was sel 8tthe commencement oflhe grant eligibilty period lup 10 80.000 US Doll8rsl. Specific details of the arbnual tQPiC5 for the Investigative Grant Programme year by year along wEth the detailed grant proyramme ry)ndition5 were set out in detail on the charity'5 website. The Trustees ensured the transparency and clarity ofthe seleeuon criteria as well as precision of communi¢aUng 811 the Grant condthons lo the pool of Poten￿81 applicants priorto any submi55ion of an ap￿￿ètIOn. AnyapplirAtion not satisfying this requiremenlwas rejected in the first instance. Page 3 JUSTICE FORJOURNAUSTS FOUNDATION {A company limlted by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 JANUARY 2025 Objectives and activities Icontlnu•dl By those processes, the Trustees en￿red onty *p￿ICationS golng through tho recommendation processes through the Expert and Advisory 8oards satisfying these Grileria proceeded to final detemiination by the Trustees. Following the succ8ssftJl compleb.on of the fwe-year Investigative Gr8nt Programme. the Trustee5 shall continue to assess the grant applications from individu81 journalists and medla outlets on an ad hoc basis. The Criteria for acceptsng submission5 to support include the requirements for the potential grant recipient lo be independent, have no government 5UPPOrt, adhere to the values of the Charity and Support its mission. All grant applications submitted lo the charty must comply wilh the condllions Sel forth 8bove in the first instance and reviewed by charity's Grant Applicatson Officer and researchers. Any submissions failing lo meet any of the condllions are Immedlately ￿leCted without fvrther referral lo the Trustees. If the charity Grant Applicalion Offlcer Is undeclded, the appliGalion shall be submitted lo the Trustees for a delemilnatlon on thls Issuo. Following $uch secondary review. the applScatlon shall elther be rejected or approved. Reviews by researchers shall Comprise in relation to the subject matter, verTficalion by inlernel search engines. other open source information avenue$ al￿ Independent Verifi￿110n by other or9anisallons involved in 8cllvlli98 of like nature lo the charity includlng those organisalions having Ilnks lo the Charity. Addltson8lly, refer8nee8 on the 8ppllcant are r8quirèd for verifical¢on. AS referred to above, all grant applic811on8 require independent verificallon of the $ubjecl matter covered by the gronl applicalon and Ihe identity of the applicant by the Gharty'5 researchers Preference is glven lo indNidual8 or other medla organlsab'ons h8ving stn'ngent reporting procedure8 and o proven Ira¢k record of successful ￿PortIng projects ar ertB The Expert Board comprises experienced and inlemalionally respected journalists from printand broadcast media who asgess the selected grant applications on the merit of the journalism and budg8t requirements. Their role Is to provldg advice and a53i$tance lo the Trustees In the further selection of approved grant appllcants havlng ¢Ju8 regard to the charity'$ Objects, when required. Page 4 JUSTICE FORJOURNALISTS FOUNDATION (A company limlted by guarantsel TRUSTEES. REPORT{CONTINUEDI FOR THE PERIOD ENDED 31 JANUARY2025 Objectives and activitios (contlnued) slees Final approval of all ad hoc grant 8ppllcalions is reserved to the Trustees which shall make 8 final delemiination. The Trustees may reject any recommendations made by the Expert Board butcan only accepl a grant applicatlon fulfilling the Grant crilena Sel forth above. The Trustees shall review the appointments lo the Expert Board annually, or as they othelwise shall see fit, and shall make such changes as the Trustees shall approve or as required In the event any member becomes involved in aCt￿ltIeS whlch Gonlllct with the Objects of the charNy, or in the oplnion of the Ttustees may bring the charity into dl$repute. Suc syful GrantA lications Following nottficalSon of a suece8sfv1 grant application. the chawity enters into an agreement regarding the 1mplementats.on orthe grant on the terms contained in the Grant Agreement. c. Other a¢tl¥iti•8 undertak•n to further the charlty's purposos for th• publlc benefit MedSa Safety Academy The chBrity de8%gn$ #nd delfvers trolning programmeg to profesStor*al 8n¢J crtrLen joumallsts and other medla workers around the world 8boul safety tools and increasing safety awaieness. These comprise online lulorials and in person courses with Irained tutors Ilraining and education vla online and offline media safety training In Orkhan Dzhem81 Media Safety Academy). In person courses are adminlstered throughout Ihe year In dlffering 8af• locations Medla Risk Map Together with its partners arKt experts, the charity earries oyl daily monitoring of attacks agalnsl media workers In all po81-Soviet countries excluding Ihe B811ic stslès, the results of which are publi¥hed on the Media Risk Map on ils wtrbslte, In English. The purpose is to monltor attacks and abuses againstjoumalists and other media workers as hlghlighled below as further specffied in its Objects All listings on the Media Rlsk Map are provided after due consideration of the Cfitena set out above. The Medl8 Rlsk Map is updatsd on a regular ba818 slnce Ils Inception. The dala is collectsd by the tharity'8 partners and experts from open sources in Russlan, English and the relevant stale language. 12 comprehens5ve ¥eports analyslng the findings in 12 countries and lerritorte3 are published on the annual ba815 and distributed free of charge to the chanty subscribers and stakeholders. Cooperationwith otherconcems involved In simlloro￿eCts The charlty cooperates vKth other charities. nol for profrt organisth"ons, non￿0VemMenta7 organisations, civil society associations and like concerns by involvement in intemational advocacy of human rights by way of contribution to inlemab.onal conferences. semin8TS and other fora foevssing on freedom of expies$K•n and freedom of speech. Page 5 JUSTICE FOR JOURNALISTS FOUNDATION IA company limited by guarantsel TRUSTEES. REPORT {CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025 Objactives and activities Icontinuedl In setting objectives and planning for activities, the Trustees have given tyue consideration lo general guTdance published by the Charfty Commisslon relating lo public benefft, including the guidance'Public benefll.. running a charity IPB21'. Achlevemonts and porfomwnc• a. Maln achiovomonts ol the charSty 1. Grant Progr8mme Durtng the current period tho charty has finalised the diglribullon of funds previously ¥llocaled to ts fivfryear long Investigative Grant Progamme The projects concerned three priority thematic areas. Investigation8 into crimes againsljoumalists operthng in conthcl zones. hostile environments, an￿Or￿u￿￿9 prot88ts. 2. Raising awareness of and support of campaSgn$ against Strategic Litigalion Againsl Publi¢ Partlcipation ISLAPPI as a tool to silenGe bndependenliournali515 both in the context ol the UK and globally. 3. Safety of ioumglisls living and working In exlle. The charity has also approved gtver81 new Grant applicalions by org8nb88tlon8 and Indlviduals who I￿r9 allocated funds lo support their Invesligalive joumalistlc work almed at 8UPPOrting free speech, Inde￿ndent feporting and highlighting the safety nsks for the media. 2. Media S8fety Academy 1. Flve-day training retreat for 18 Russian journalists in exlle. Training-retrgal consisted of three parts: OSINT, ioumalism ethics and psychologlcal retreat. 2. Three-day psychologlcal retreat for a mixed group of 18 particlpants. Russian journalists In exile, Ukrainian and Kyrgyz journalSsls and other media workers. During the rotr¢81, trainers equlpped med18 workers with various loolg for dealing wlth conlinuSng stress and bumoul. 3. Three-day psychological retreat In Turkey for a group of independent Kyrgyz media workers. During the retreat, participants studied the scientific approach to meditslive and mindfulness praclirRs and acquired various tools for dealing wth Gonlinving stress and professional bumouL 4. Tailored risk assessment and mib'galion webinar for a major Russian investigative medi8 oullel currenlly operating in exile S. Three webinars for the Rus81an-swk1ng Independent joumalS$ts themed ar¢JJnd professional risk assessment, physical safèty, cyber se¢urlty, and navigating repressive laws against media freedom 6. Two-day cyber security camp in one of the European cities lor a major Russian investigative medla outlet operating in exile 7. Three-day offline OSINT training for a group of 14 Russian and 8el8ruslan joumallsls In 8 secure location, The course included theoretical and practical exercises in faGI-checking, tools for photo and video verificalion, working wth Search engines, public data Collection, Al-m8naged datasets. unofficial data, social media, etc. 8 Two webinars for Ru$sian-speaking journalists and media workers, vknich covered the legal aspects of crossing the Russian bDrder in both direction5. possible problems and scenarios at border control and opb'ons for behaviour. as well as strategies for protecb.ng deviGes and the information they contain in the event of inspection andlor SeVzu￿ when crossing the border. Page6 JUSTICE FOR JQURNAUSTS FOUNDATION {A company limit•d by guarantee) TRUSTEES, REPORT ICONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2026 Thanks to the financial support of the charity. the Denm8rk-regislered 2402 Foundation conducted the followng courses in Ukrnine.. 1. A compTeh8n8ive coutse of HEFAT + VR Safety tralnlng for joumalisls, editors. freelancers, Ioc81 producers, documentarians, pholographers and vldeographers working in a war zone. Thls Iralning was designed for journalistsworking in dangerous or unstable regions, and covers topics such as identifying threats, behaviour durlng shelling, avoiding kidnapping. basic first aid. local orientab'on. and other e$senti81 skill¥. The course was conducted in KYN and othèr Ukrainian localsons 2. "Curture of Safety" space wlh trainings, a cafe and 8 shop in Kyiv was launched wilh the mission is to unlle people Interested in safety 3. Risk assessment coursè con8isb.ng of a s¢ries of work8hop8 and lectures alrned al tralning $peci81isl3 in Verious high-risk fields who want to develop as trainers and consultants in Security al￿ ri8k assessment for individuals and organisalions in hostile envlronment8 4. 2402 Found81ion also provided complimentary first aid kits lo all training partlcipafits In response to high demand, demon81ratiro a commitrnent to supportjoumalists In challenging environments. 3. Media Risk Map Together wrth Ils partners and experts, the charty carries out daily monrtorfng of attacks against medla workers in all posl-sovlel countries ex¢ludlng thts 8allic Slates, the r88uIts of whiGh are published on the Medla Risk Map on Ils website, in Engllsh. The purpose is lo monllor attacks and abuses against5ournallsts and other meilia workers as highlighted below #s ftrrther specified in f(5 Obi8Cts. All li3tings on the Media Risk Map are provided after due consideration of the crilena ¥el out above. The MedlA Rlsk Map is updated on a regular basls $lnce Its inception. The data 1$ collecled by the tharity, partner8 and experts from open 80urces In Russlan. Engllsh and the relevant state language 12 comprehènsive reports analysing the findings in 12 countries and teTrilorifjs are published on the annual sis and di$tributed free of charge to the charlty 8ubscllbers and stskeholder3. During the Council of Europe's An￿n al Themali onleren e In Strasbourg, Ihe charhy presented 11$ analys1$ of the main methods of silencing independent volces in the Posl-soviel autocracles. The followingwas achieved the help ofthe charity's funding th18 year. For Ukrainian media WOTkers. HEFAT and risk assessment training and first ald kits to ¢Jozens o15oumalisls, edf(ors, free18ncers, local producers, documenlanans, photographers and videographeis VK)rking in a war zone in Ukraine,. documenting war ¢rlme8 agaSn$t professional and cltjzen joumalists in Ukraine supported by UNESCO, developing recommgnd3lions for improving Gulture of media safety, presenting documentaries about Ukralnian media working in the war zone For Journalists in the UK and wider Coun￿1 of Europg countrÉe$." a number of events promoting safety of j¢Jumalisls and the anti-SLAPP agend8. including the Scottish Anti-SLAPP Summll in Glasgow,. launch of the Plattorm to ProTTrJte the Protection of Journalism and Safety of Joumalists, report"Press Freedom in Europe. Tlme lo Tum the Tld8" in 8rus3el8, Strasbourg, Thessaloniki., supportsng the 8Greenings of the documentaries and Presentation of medSa investigatlon$ created ￿th support of its Investig81￿e Grant Programme.. participating in the Counryl of Europe's Safety of Joumalists Platform mission5 to Dublin and Tkn"1isi, presenting al the workshop Training on Strategic Lawsurts Again51 Public pa￿cipatIon organised by the Centre for Freedom of the Media {CFOMI at the Universrty of Sheffield," partiCiP8tlon in the bi- annual National Committee for the Safety of Joumalis18 meeting in London. UK. Page 7 JUSTICE FORJOURNALISTS FOUNDATION (A company Ilmlted by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 JANUARY 2025 For Independentjoumalisls from the post-soviet SP8ce'. online and offline media safety trainings foi dozens ol media workers teaching them skills and tools to wlh5tsnd legal, physical, cyber and psychological thfeats,. monitoring, documenting and analysing all inddents of physical, cyber and legal attacks againsl them., presenting the findings at various Intemallonal a¢ademic and public plattomis. For Independent media workers forced into an exile.. joinl workshops aimed al developing stsalegies and tools to overwme the challenges and contrnue brfnging the tnjth lo theiraudiences both 8t home and abfoad., advocating and raising public awareness about their situation al various intemalional for8,. submitting statements detailing Ihe challenges, rlsks and recommendatsons to EU. ColE and UN. The inf(ial investigative Grant Programme Game lo an end in Seplember 2024, and all oulstAnding grants have been completed. The charily has 81nce focused solely on attendance at conferences, lectures and seminars with simllar ¢harilable ¢oncern8 and nongovemmental organlsations. maintaining its medla risk mapplng fijnction on Is web8lle and Ihe Provision of safety training forjournalists. The8e aclivilEs will be the main focus ol the charity for the foreseeable future. Page 8 JUSTICE FOR JOURNALISTS FOUNDATION {A company limited by guarnnteol TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2026 Financial review . Going con¢em After making appropriate enquiries, the Trustees have a reasonable expectation Ihat the charity has adequate resources lo continue in operational existsnce for the foreseeable future. For this rea50n. they continue to adopt the golng concern basi8 in preparing the financial statements. Further details regarding the adoption ol Ihe going oncern basis can be found in the accounting policies. b. Ro8orv•s policy The charlly has no oulslandlng c¢)mmilments or cash demands which are not adequatety Covered by existing resources. The total reserves of the charity at 31 January 2025 are £41,128. of which £26.881 are restricted funds and £14,247 Is In the fom) of an expendable end¢)wment which is capital fiJnds of the charity, that Can be applled ag income al the discreltr)n of the Trustees. The Trustses consider that freely expendable fvnds are appropriate and adequate, taking into account plans for the fuiure and have therefore not yet deslgnated a specific reserve8 policy H¢)wever, the Truslees will keep this under constant review. In future ye8fS a specffic reserves policy may be adopted. c. Rl•k managemgnt The Trustees have consldered the major risks to which the charity 1$ exposed and havè reviewed those risks and established systems and procedures to manag¢ th080 nsk8 The Intomal Controls Policy has been pul In placè lo ensure fin8nclal controls are appligd in accordance wlth the requirement of the Chanty Commission and such ¢onlro15 comprise es8enliaS checks and procedures to help the Tiu$lee8 meet Ihelr leg81 dutye¥ to sofeguaid the Chartty's 08s8ts i.e. the fund, to admlnistar the Ch8rfty'8 flnance3 In o way that Idenllfles and manages risks.. ensure the quality offinancial reporting by keeplng adequate aGGountlng records and weparing limely and ￿levant financial Infomalion. The followin9 Risk Registers have been put in place and are updated regulady. Compliance (Lawand Regulations) Rlsk Register Flnancial Risks Register Govemance Risk Register Operational Risks Register The Trustees use 8 range of methods to Idenllfy rlsks. includlng revlewing pa51 incidents and events, ¢onduGling n3k assessments. and consutting with staff and other relevant parttes. They assess the likelihood and imp4ct of Identrfied risks. in ordet lo determine thwr priority for mi119ation and use a range of methods to assess risk8, Including qualitabve and quolalive analysis. The Trustees ensure that their assessments are based on re118ble d?ts and evidence. d. Rosults foT th• porfod The Staternent of Financial Activities Set oul on page 15 of the fin8ncial statements shows the tharty's Incc*nlng resources dunng the year ended 31 January 2025. Total incoming resourcts amounted to £3￿,485 12024.. £1.219,771}, comprising unrestricted flonations of £300, restricted donatlons 01£5.663. an expendable endowment of £300,523. Total expenditure for Ihe period was £766.003 12024". £787,984), which inGludÈd grants paid lo charitable instilubons of £399.802 (2024.. £327.5881, grdnts paid to individua15 of £92, 12512024= £120.7501. other cos18 of £262,14212024= £419.7751 and govemance costs of£11.93412024 £40,621)- During Ihe year. £588,612 was transferred by the Trustees from the expendable endowmenl funds lo the restricted income funds, and £120,078 to unrestricted income funds. Page 9 JUSTICE FOR JOURNALISTS FOUNDATION IA company limitèd by guardnteel TRUSTEES, REPORT (CONTINUEOI FOR THE PERIOD ENDED 31 JANUARY 2025 Accordingly, the deficitforthe yearwas £459,51812024.. £431.787 surplus). The 8al8llce She•t set out on page 16 of fina￿la1 statements shows tho finanaal po$￿'0n of the charity at 31 January 2025. Nel Gurfent ass&t$ and total net assets of £41.128 (2024.. £500.648) comprises ¢urrent assets of £63,684 (2024.. £551,138). less current liabllltses of £22,55612024-. £50,492}. This is represented by the balance on the restricted fvnds of £26,881, and expendable endowment funds of £14,247., loial £47.12812024'. £500.646). structurè* gov•mane• and managoment a. Constitution Justice forJoum81is18 Foundation cgmè into exlslencg on 28 February 2019 ItW88 forni•d as a cha￿table ¢oncern to uphold freedom of expression and freedom of speech by the following mtsans.. Advocating and financially 5UPPOrting Inve$Jg8b"on8 Into crimes again$tjoumalisls. media proleysk)nal8 and onllne bloggers regardle85 of where they look place. b. Equlpping ioumali$ts. media professionals and online blo99ers wllh skills and knO￿edge that wll minimi$e thoir professlonal risks vi* public8tton8. tutorlals, and other educational activilles. . Working wlh hum8n right$ communitle8 on raising public Mrene8s al)oul crfmes agaln8t loumalisl$.and olhgr media workers On 23 February 2022, all the above #divltles were incorpDTaled into a nevly fomied 8tNctLFre In Such manner, including spe¢ffi¢ally, compliance YAth the criteria setforth under"Aims and objectives. above. Su as lo fully comply wth updated UK Charity and taxation rules for charilable enterprises whlch required the formation of a new charty in place of the old entity focmed In 2019 The charity is a registered charity, number 1201812 and Is conststuted by ils ArtICl￿ ofAS$Dcia￿0n. All operalSons, contracts. liabilities. and arTangemenls carried on in the old entsly were transferred to the new charity or otherwise carried on solely for its benefft prior to recelpl of any thir& party consent where applicable. The charityls 8180 an incofporaled company. nUM￿r 13882886. Llmited by Guarantee. The addr088 of the prln¢ipal Offi￿ 15 87. Wimpole Street. London. Unlted Klngdom, W1G 8AP. In the event of the chadty belng wound up, m8mberfs Ilabllity in respect of the gugrantee is limked to £10 per member of the Gharity, b. Methods of appointment or elecllon of Trusteos The management of the ch8rity Is the responsibility ofthe Trustee5 who are elected and cfyopled under the temis of ils Articles of Association. c. Oryanisational structUTe and docision4naking policl•s The Board gf Trustees consists ofthree Directors {the'Board'l. Follomng Maria Ordzhonikidze's reslgnation on 16 April 2025, Elton Shane has been appointed as Chair of the Board. The Board is responsible for ensuTing that the charity's fundraising and donalwjns processes are effective and compliant with relevant legislation, and for establishing policies and donations activibe5. The Chair of the Board 15 responsible for implementing the policies and procedures, and for ensuring that staff and volunteers are aware of Iheir responsibililies for fundraising and donations. The day-to-day administration of Page JUSTICE FORJOURNAUSTS FOUNDATION {A company limited by guaranteel TRUSTEES, REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 JANUARY 2025 StruC￿r0* governance and management Icontlnugdl giants and the processing and handling of applicalions is carried out by an experienod Grant Manager. who works on a Service Conlr8Ct basis and has the relevant skills and experieno. Al the quartedy Twstees, meetings, the Trustees agree the broad strategy and areas of activity for Ihe charrty, indutjing approval of donations, cooperation arrangements wth other chanlies, not for profit organisakn"ons, norF govemmentsl organi5ations and civil so¢ieties etc. approval of Grant Recipients an¢J the corresponding grant ayreemenls. budgetary approva15 concerning annual anliupated running costs and any interim changes of material nature. approval of annual financial ststemenls and retrtms, and any other matters su¢h as general reporting to Trustees of signffjic8nt aclivities. Tnjstetg are requlred to diKlose all relevant interests and register them wth the Board of Trustee5 8nd in accordance with the Charity's Articles of Assoclation and conflicl of Inte￿$ts. policy ￿thdrawfrOM decisions ￿￿ere conflict of interest arises The Trustees glve of their time freely with no remuneratlon. The Chair of the Board Is the owner of the rim of sollcrtory, W)ilman Breed Law, who are the 8011citor8 to the charity. Involc85 r81sed by Whitman Breed Law slnce the current Chair's appointment have been approved specifically by the Board of Trustees exGludlng the Chalr, In accordance with article 17111 lof the Art￿leS of Association of the charity. The previous Chalr olihe Board Wofked full Ume on a yearty contfaGI basls, which was revlewed by the other Trustees and renw•ved if approved. annually. d. Tr￿ta•S The following Served as Trustees, and also as director8 for the purpose of c4Jnpany law, durlng the perlod and up to the dale of signatufe of Ihe financial $latsmenls'. Maria Ordzhonikidze Ireslgned on 16 N>r612025) Maria Petina Logan Vafa Fati-zada After the ffinarKio1 year end, Elton Shane was appointed as a Tntstee and dlrector on 16 April 2025. Dl#¢108ure of Informatlon to audltor Each of the persons who are Trustees al the time vthen this Twstees, report 58 approved has confjrmed that so far as that Truglee 13 8W8re. there is no relevant audit information of which th8 charity's auditor 18 unaware, and that Trustee has taken all the steps that oughtto have been taken as a Trustee in order lo be avAre of 8ny relevant audit informalion and to establish that Ihg Gharity's auditor Is aware ￿ that information. In preparing this report. the Truslees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. Approved by order of the members of the b08rd of Trustees and slgned on their behalfby: Elton Shano Chair -g-ZDzS Page JUSTICE FORJOURNALISTS FOUNDATION {A company limited by guarantsel STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE PERIOD ENDED 31 JANUARY 2025 The Trustees {who are also the directors of the charity for the purposes of company lawl are responsible for preparing the Truslee$' report and the fjnanGial statements In accordgnce with applicable lawand Unlted Ktngdom Accountin9 Slandards (Uniied Kingdom Generally Accepted Accounting Practice). Company law iequlres the Trustees to prepare financial $talement$ for each flnanclal year. Under company law, the Trvslees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the stste of affairs of the charity and of its incoming resource5 and application of ￿SOUrces. inclu(Sing its income and expenditure, for that period. In preparing these financial statements. the Trustees are required to: seleGtsurtable accounting poli¢ies and then apply them consislentty. observe the methods and principles ofthe Charilie8 SORP {FRS 102). make judgements and accountin9 eslimale5 th818re reasonable and prudent. 8tsle whether applicable UK Accounting Standards IFRS 102) have been followed. subject to any material dapartures dls¢105ed and explainety In the )Inanaal statemènts. prepare the financial statements on the going concern basis unle8811 Is inappropriate to presLsme that the charity will continue in business. The Trustees are responslble for keeping adequate 8c¢ounllng re¢ord8 that are 8ufflcient lo show and explain the charity's transactions and disclose with ￿ a50nable a￿uracY at any lime the financial position of the charily and enable them to ensure that the financial slalemenls con)ply with the Companle3 Act 2006. They are also responslble for safeguafding the assets of the charity and hence for taking reasonable sleps for the prevention and delg¢lion of fraud and other irregul8rille8. Page 12 JUSTICE FOR JOURNALISTS FOUNDATION (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF JUSTICE FOR JOURNALISTS FOUNDATION Auditors A resolution to appoint Faisal Khan as an independent examiner for the ensLsin9 year wll be proposed at the Annual General Meeting The Board of Management confims Ihat to the best of thelr knowledge gnd belSef, these financlal $tstements comply with th$ requirements of the Slalement of Recommended Piaclice "Finan¢i81 Reporting Slandard., Issued in July 2014. In approving the Trustees, Annual Report, the Board of Management al80 approves the Strategic Report Included ther&n, in their capacity as company directors. Roglstsrod Office: 16 Great Queen Street Covent Garden London WC2B SAH BY ORDER OF THE BOARD.. Elton Shano Chalr Dats: 80-q- 201¥ I report on the accounts for thfj year ended 31 January 2025 set oul on pages 15 to 30. Page13 JUSTICE FOR JOURNALISTS FOUNDATION {A cOM￿nY limitèd by su8r8ntsel INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF JUSTICE FOR JOURNALISTS FOUNDATION Respgctive responsibilities of trustees and examiner The charity's tnEslees {vtho are also the directors for the purposes of company lawl are responsible for the preparation of the accounts The charity's trustees consider that an aLsdf¢ is not required for this year (under Soction 14412) of th? Charities Act 2011 {the 2011 Act)) and that an Independent 8xamination is iequired. Havlny sallsfied myself that the charity is not subject to audit under company law and is eligible for independent examlnation. il Is my fesponsibility to.. examine the accounts under Sectson 145 of the 2011 Act lo foltow the procedu￿$ laid down in the General Directions glven by the Ch8rty Commission (under Sectson 14515llb} of the 2011 Acl)-, and to stsle whether particular matters have come lo my attention. Ba$18 of thg Indopgndonl gxamlnorfs roport My examln81ion was carried out in accordance wih the General Directlon8 glven ty the Charity Commission. An examination includes a review of the accounting records kept by the charty and a comparison ol the accounts presented with those re￿rds. 11 also includes consideration of any unusual items or dlsclosures in the accounts and seeking explanations from you 88 trusleos concernlng gny 5u¢h matters. The procedLsres undertaken do not providg all the evidence that would be required in an audit, and Consequently no oplnlon is glven as lo whether the accounts present o 'true and f8ir vtew ' and the report is limited to those matters sel out in the statements below. Ind•pendent examingrfs statgm8nt In connection wth my examination, no matter has come to my attention.. which gives me reasonable cause lo belleve that, in any material respect, the requirements lo keep accounlir¢g records in accordance with Section 388 and 387 of the Companles Act 2008- and lo prepare accounts %thSch acGord ￿th the accounting records, Comply with the accounting requirements of Seciions 394 and 395 oflhe Companies Act 2006 and with the methods and pnnciples ofthe Statement of Recommended Practice". Accounting and Reporting by Charitie8 have not been met,. or 2. to which, in my oplnion, atten￿on should b8 dra1￿ in ordèr to enable a proper undftrslanding of the accounls to be reached. FJl$•l Khan FCCA Page 14 JUSTICE FORJOURNAUSTS FOUNDATION (A company limited by guardnlèg) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE PERIOD ENDED 31 JANUARY 2025 EndowTnent Restrlcted Unrestricted funds fund5 Funds 2025 2025 2025 Total funds 2025 Totsl lund5 2024 Note Incom# and endowmgnts from: Donations Charitable acknvib.es 300,523 1.214,1C 5,665 Total income and end0v￿ents 300.523 5,663 306.485 1,219,771 EX￿ndItur• on: Charllable activ￿￿8 88,612 177.391 768,003 787,984 Total expenditur• 588,612 177,391 766,003 787,984 Nèt Incomol l•xpondlturtr) Transfer8 funds 300,623 (582.949) 1177,091) {469,518) 431.787 14 1708,6901 58Q612 120,078 Not movementin funds (408,167) 5,883 {67,013) 1459.5181 431,787 R•con¢lll•tlon of funds: Totsl fvnds brought foThYard Nel movement in fiJnd8 422A14 {408,16 21.218 5,663 57,013 157,0131 68,859 431,787 {469,518) Totsl fund8 carrled lop￿rd 14247 26,881 41.128 500,846 The Statement offinancial 8dvrUes Indudes all gains and Iossgs recognised in the year. The notes on pages 18 10 30 form part of these fjnan¢ial stalemenis. Page15 JUSTICE FOR JOURNALISTS FOUNDATION (A company lirnited by guarnnteel BALANCE SHEET FOR THE PERIOD ENDED 31 JANUARY 2025 REGISTERED NUMBER.. 13882886 2025 2024 Currnnt assets Debtors Cash at bank and In hatKI 12 50,000 13,684 19.547 531.591 63,684 551.138 Creditors" amounts falliny duewithin one yeaf 13 {22,5561 150,4121 Net curr•nt 1880ts 41,128 500.646 Total net assgts 41.128 Charity fund¥ Endowrnentfunds Restricted funds Unrestricted fvnd8 14 14 14 14247 26,881 421414 21219 57.013 Total funds 41.128 500.646 The financial ststements have been prep8red in accordance wlh the provlsions applicable lo companie8 subj'ect to the small companies regime and in 8¢cordan¢e with the provi$lons of FRS 102 Section 1A- 8mall èntrties. The financial statemenlswere approved and aulhorised for issue by the Twjlees and signed on their behalfby.. elton Shang Dale 30-9-?oLS The notes on pages 18 to 30 fomi part of these finanaal st8lem•nts. Page 16 JUSTICE FOR JOURNALISTS FOUNDATION (A cornpany limited by guardntse} STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 JANUARY 2025 REGISTERED NUMBER: 13882886 2025 2024 Cash flows frorn operating activities Net cash used in operatsng aGbvit4es (517.907) 416,051 Cash flows from InV￿ting actlvltl•s H•t cash provided by Invostlng activit195 C48h flow8 from flnanclng octlvlilas Not cash provlded by Ilnancing actlvltl•s Change In ca¥h and ca•h gqulvalents In th• ye•r Cash and cash equlvalenls al the begSnnlng ofthe year IS17,9071 $31,591 416,061 115,$40 C•8h and cabh oqulval•nts at th• ond ofthe year 13,684 531,591 The notes on pages 18 to 30 form part of these financi81 stslements Page 17 JUSTICE FOR JOURNALISTS FOUNDATION IA company limitsd by guaTrntsg1 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 202$ REGISTERED NUMBER: 13882886 G8￿rnI information Justsee for Joumalists Found*ion is 8 charity limited by guarantee incorporated In England and Wales under the Companies Act 2006 and the Charities Act 2011. The 8ddress of Ils registered office18 16 Great Queen Street. London, WC2B SAH The charity Is registered ￿th Ihe Charty Commission for England and Wales wilh charity no. 1201812. The charty was incorporated on 31 January 2022 therefore the comparatlve figures lor the8e finanaal slalemenls are prepared for the period from 1 February 2023 to 31 January 2024. The financial statements are presented in GBP (£1, which is the lunctional currency of the charlty. Monetary amounts in these financial slatemenls are rounded lo the nearest £. In the event of the charity being wound up, each memberfs li8blllty in respect of the guarantee is limited lo £10 per member of the charity. A¢countSng poll¢io• 2.1 Ba•1# of prop•T•fjon of flfi•n¢l•l 8tst•mgnts The flnancial sialements have been prepared in accordance wlh the ChaTthes SORP IFRS 102) - Accounting and RepDrting by Charitros.. Statement of Recommended Pradice applicable to ch8ri1i¢s prepaTing their financial statements in accordance with the Financial Reporting Standard applicable In the UK and Republlc of Ireland IFRS 102} leffeclivo 1 January 20191. the Financial Reportlng Standard appllcable In the UK and Reputs1￿ of Ireland IFRS 10218nd the Compan￿$ Act 2006. The charity meets the definition of a public benefit entity under FRS 102 Assets and Ilabili1Ses are initlally recognised al historical cost or transaction value unless otherwise slated in the Televanl accounting policy. 2,2 Going concern After making enqulrfes. the Irustses have a reasonable expectslion that the charfty ha8 adequat8 resources to continue in operational existence and meet Ils liabillties as they fall duefortheforeseeable fvture. being 8 pefiod of at least ￿e1Ve months from the date these financial statements were approved. Accordingly, they conlinue to adopt the going concem bass in preparing the fin￿n￿￿1 8t8lements. 2.3 In¢om• All income Is recognised once the charity has enlillement to the income, il is probable that Ihe income 11 be recelved and the amount of Income recekvable can be measured reliably. Cash donations are recognised upon recelpt. other donatsons are recognised once the chanty has been notsfied of the donation unless perfonnance ￿nditiOnS require deferral of the amount. Page 18 JUSTICE FORJOURNAUSTS FOUNDATION (A company limited by guaratrtee) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 REGISTERED NUMBER.. 13882886 Accounting poli¢i8$ Icontinuedl 2.4 Expendlture Expenditure is recognised once there is a legal or constructive obligation lo transfer economic beneflt to a ￿1rd party, it is probable that a transfer of economic benefits wtll be required in settlement and the amount of the obligation can be measured reliabty. E%pendilure is Classified by activity. The costs of eath actwity are made up of the total of (lirecl co818 and shared costs, including Support costs involved in undertaking each activity. Direct costs aitrlbulable to a slngle actsvty are allocated directly to that activity. Shared costs ￿Itth conlrlbule lo more than one activsty and support costs which a￿ not attributable lo a single activity are apportioned ￿￿enthOSe activilieson a basis consistentwith the use of resources. Centralstsff ¢osls are allocated on the basis of tlme spenL and depreclation allocated on the portion of the asset's use. Expenditure on rharltable acb'vities Is in¢urred on dlrectly u1￿erta￿jng the o¢liville$ which furthèr th¢ charity's objectives, as well as any 8ssod8ted 8UPPOrt costs. Grants payable are at the Sole dI￿retIon of the charity and therefore Are recngn188d when they are paid. Grants offe￿d bul not paid at the year end are noted as a cx>mmitmenL bul not accrued as expenditure for the year. All expendf(ure Is In¢lusive of IrreG¢)verableVAT. 2.5 For•lgn curr•n¢le¥ Monetary assets and IlabS151ies denomlnated in forei9n currencie8 are translated Into pounds al rale$ of exchange ruling at the reporting date Transacts'ons In foreign currencle8 are tr8nslated into pounds al the rale ruling on the date of the transadon. Exchange gglns and lo$ses are rocognlsed In the Statement offinanclal actlvibe5. 2.6 Ca8h at bank And In hand Cash is represented by cash In hand and deposlls with finan¢i81 inslliulions repayable wlhoul penalty on noti￿ of not more than 24 hours. 2.7 Flnanclal In8trum•nts The charity has elected lo appty SeclSons 11 and 12 of FRS 102 In resF*Ct of fin8ncial instruments. Flnancial assets and finanual liabilities are recognised when the charity becomes party to the contractual provisions of the instrument. Flnancial liabilities and equity instruments a￿ dassifjed according to the Substan￿ of the contractual affangemenls entered into An equity instrument is any contract that eVIden￿S a residual interest In the assets of the charity afier deducting all of it3 liabil￿es. The charity's policies for its major Glasses of fin8n¢i41 assets and financial liabilibes are set OLrt below. Page 19 JUSTICE FOR JOURNALISTS FOUNDATION IA company limited by 9uarantg9) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY202S REGISTERED NUMBER. 13882886 Accountlng poii¢ios (¢ontlnued) Financial instwmgnts {contlnuodl Flnanclal assets Basic financial assets. Induding other d&btors and cash and bank balances are Inttsally recognised at transaction price, unless the arrangement conslilutes a financing transaction. vthere the transaction Ss measured at the present value of the future receipts discounted al a market rale of interest for a slmilar debt instrument. Financing transactions are those in vthich payment i¥ deferred beyond norm81 business terms or is financed at a rate ol interest that is not a market rate. Such as8èts are subsequenuy carried at amortised co81 using Ihe effective interest melhc#J, less any impalrmant. Flnanclal Ilabllltles Basic financial li8biif(ies, inGludlng other credllor8 are Inllially recogn18ed at transactlon price, unle the arrangement eonslilules a financing transaction, where the debt Inglwmenl is measured al the present value of the fvlure payments discounted at a market rèle of interest for a similar dabl Instrument. Flnanclng Iransa¢lions are those in which payment 18 deferred beyond normal buginess terms or Is finan¢etJ at a rate of interest that is not a market rate. Debt Instfuments are sub8equenlly ￿Med at amorlised cost, using the effective interest ral8 method. Impalmient of flnancial as8etB Financl81 a88ets measured ateosl and amortlBed cost are assessed al Iheend of each reporting perlod for oblecllve evidence of impairment. If objective evidence of impaimenl Is found. an impaimenl106S 18 recognlsed in the profft and loss account. For financial assets meaSU￿d Bt cost less Impaim)ent, the impaimienl loss is measured 99 th& dlfference befv￿en the asset's Garrying amount and the best estimate of the amount the charity would receiv¢ for the asset If11 were lo bè Sold at the reportlng date. For financial assets mea8ure(l #t amortlsod ¢051, the impaimwnl loss is measured as the drfterence betsveen the asset's carrying amount and the present value of estimated c38h fflows discounted at the asset's Original effective interest rate. If the financial asset has a vari8ble interest rate, Ihe discount rale for measuring any impairnent loss is the current effective interest rate detemiined under the ntract. If there is a decrease in the impairment loss arisin9 from an evenl occurrfng 8fter the Impalrment was recognised, the impairment is reversed. The rever3al 1$ 3uch that Ihe Cur￿nt carrying amount does not exceed that the Carrying amount would have beon had the impalm￿Trt not preMou8ty been recognised. The impaimienl reversal is re¢ognised in profft or loss. Page20 JUSTICE FOR JOURNALISTS FOUNDATION (A comparry limited by guardnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 REGISTERED NUMBER: 13882886 Accountlng policies (wntinuedl Flnancial Instruments {continuodl Dor8¢ognltlon of flnancl81 as¥ets and financlal Ilabllttl8s Financlal 8ssels are derecognised then (al the contractual rights to the cash flows from the asset expire or are settled, or Ib) subslants'ally all the risks and rewards of the ownerghip of the asset are transferred lo another paty or Ic) despite having retained some Signifi￿nI risks and rewards of ownership. control of the a$3et has been transferred lo another party who has the prèclical ability to unilaleralty sell the asset to an unrelated Ihlrd party wthoul Impowng addlttonal reslriclions. Flnancial Il¥bilities are dfjTecognlsed vlhen the Ikqbllity 1$ exlingui5hed, that is when the contractlsal obligation is discharged, cancelled or expires. Offsetting of flnanGlal a5￿ts and fiTrancial liabiliile¥ Flnancial assets and liabiltties are offset #nd the net amount reportod In the balance sh881 when Ihgre is an enforceable rlght to sel off the recognised amounts and there is an intention lo settle on a ng1 b•sis or to re8lise the asset and the liabllty simult8neou81y, 2.8 Fund accountlng General funds are unresth.cled funds ￿lch are available for use at the dlscfetson of Ihe Tru51ee$ in furtherance of the general objeGtive8 of the charity and whlch havfj not deslgnated for other purpose8. Reslncted fvnds are funds thIGh are to be used in accordance ￿th speclfic restridons imposed by donors or which have been raised by the Charity for partityJl8r purposes. The costs of raising and administering such funds are charged against the speGIfiG fund. The aim and use of each Teslricted fund is Set out in the notes to the finanrJal 51alements. Expendable endowment funds represent those 88gets whlch Ire held by the charity a8 capital funds, bul whl¢h m8y be freely converted into income funds al the discretion of the tnMlee8. Incom• from donatlo Endovmiont Regtrlcted Unr85trictsd fund• fund8 funds 2025 2025 202S Tolal funds 2025 Donations 300,523 5.663 300 306N85 Endowment funds 2024 Restrided Unrestrtcted fvjnds fvnds 2024 2024 Tot81 funds 2024 Donations 616.552 269,021 328,532 1,214,106 Page 21 JUSTICE FOR JOURNALISTS FOUNDATION {A company limited by guarantr81 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 REGISTERED NUM8ER: 13882886 Analysis of expenditure on ch8ritsble actlvltlo$ Summary by fund typè R•strscted Unrnstricted funds nds 2025 2025 Totsl 2025 Inve8tig8llvè Grant Programme Media Safety Academy Medi• Risk Map 256,858 244,242 87.512 83,541 78,626 16.225 340,399 322.868 103,737 588,612 177,391 766.003 Re8trithd Unrestricted thjnds Jnds 2024 2024 Total 2024 Investigative Grant Programme Madla Saf¢ty Academy Medla Rlsk Map 191,331 38,370 18,101 227,181 104,387 208,683 418,492 142.757 226.735 247.803 540.181 787,984 Analysis of exponditsjre by actlv1ti88 Actlvltles und8rtak•n dlrBctly 202S Grant fundlng ol actlvities 2025 Support Total fund5 2025 2025 Investigative Grant Programme Media Safety Academy Media Risk Map 21,130 67,512 40,806 256,858 188,364 46.706 62.441 86.992 15,225 340.399 322.868 102,737 129,448 491,928 144.K27 766.003 Page 22 JUSTICE FOR JOURNALISTS FOUNDATION {A company Ilmitèd by guaranteg) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 REGISTERED NUMBER: 13882886 3. Anatysls of oxpenditure by activities lcontinuedl Activities undertaken diredy 2024 Grant funding of Support costs 2024 Total funds 2024 2024 Investigative Gr8nt Programme Media Safety Academy Media Risk Map 48.861 78.117 32,737 270,836 98,975 64,640 16,496 418,492 142,757 226,735 177,501 159.535 448.338 160,111 787,984 Analysis of dlr•ct costs Inv•$tlgatlv• Grant Programme 2025 Safety M•dla Rlsk Academy Plap 2025 2025 Total funds 2025 Medi& safety academy Grant managemenl Media risk map Advocacy and neh¥orkiThJ costs 55,879 55,879 21,130 40,806 11.634 21.130 40,806 11.634 21.130 67.512 40.8C6 129,448 Invèstlgative Grant Media Safety Media Risk Programme Academy Map 2024 2024 2024 Total ftJnd$ 2024 Media safety academy Grant management Media risk map Advocw and nehvothng costs 14.¥25 14,925 48,681 32.737 63.193 48.681 32.737 63.193 48.681 78.117 32,737 159,535 Page 23 JUSTICE FOR JOURNALISTS FOUNDATION IA company limitgd by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 REGISTERED NUMBER: 13882886 Analysis of expgndituro by activities Icontlnued) Analysis ofsupport costs Invgstigativo Awla Grdnt Safety Media Rtsk Programm• Acadomy Map 2025 2025 2025 Total funds 2025 Staff co$1$ Tr8vel and accommodat￿n Legal fees Administfative costs Markeb'ng and fvndraising Loss on foreign exchange Govgmance costs 3,487 3,743 5,887 11,984 32.900 2,599 4.352 5,528 851 1,338 2.724 7,477 591 8,080 12,709 26,872 71,027 5,610 9,396 11,934 11,165 30,650 2,421 4.055 5.150 1.256 62.411 66,992 1S,225 144.627 InvesligaiNe Granl Media Safety Media Risk Programme Ac3demy Map 2024 2024 2024 Total nds 2024 Staff costs Travel and a￿0mmoda￿On Legal fees AdministratNe costs Marketing and fvndr81￿n9 Education maleiials Loss on foreign exchange Goveinance costs 8,188 4.096 15,179 9,045 15,853 1.765 3.570 221 14,913 1,365 13,648 15,179 30,151 61,235 5.863 3.570 734 49,711 18,091 38,899 3.529 3,015 6,483 5B8 440 29.827 74 4,971 98,975 64.640 16.496 180.111 Page 24 JUSTICE FOR JOURNALISTS FOUNDATION (A company limitsd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 REGISTERED NUM8ER. 13882886 Analysh of govarnance costs Invostlgatlvo Grnnt Programme 2025 Total funds 2025 Auditfees kcounlancy fres 11.934 11,934 11,934 11.934 Investigatt've Grant Programme 2024 Tot81 funds 2024 Audit fess Accountsncy fees 11.088 29.555 11,086 29,555 40,821 40,621 AnalyNl# of grant• Grantsto Institution$ 2025 Grnnts to Individuals 2025 Total fvndy 2025 Grants ICI￿ardS InveS￿gatIVe Grant Programme Grants towafds Media Safety Academy Grants towards Media Risk MBp 202.697 188,364 8,743 54,161 256,858 188,364 46.706 491,928 37.963 92,125 399.803 Grantsto Insts'ltjbons 2024 Grantsto IrKJNiduals 2024 Total nds 2024 Grants towards Investigalve Grant Prografflme Grants towards Mgdis Rlsk Map 198,716 128.872 72,121 48,629 270,636 177,501 327,588 120,750 448,338 Page25 JUSTICE FOR JOURNAUSTS FOUNDATION (A Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 REGISTERED NUMBER: 13882886 Tho charlty h¥s m•d8 the followlng moterfial grants to In6titution during the year." 2025 2024 NGO TTLth Hound8 Assoeialion Willow Balkan Investigalwe Reportlng Regi¢￿81 Nebvork English Pen Z8borona Medla Europe MTts Writers and Scholars educattonal Trust Media and Law Soci¢ty PNC Bank National A35Lxialion Index Censorship Centre for Democracy and Law Intemalional Partnership for Human Rbhts Tula Ltd Llbo Libo SIA 10133 ￿MIted TheVII Foundation Human Rights Project Management Daglige Menneskelighed Fundacion Para La Libertad Journalism for Change JouTnalislen and Anwalle fur Melnungsfrelhoil (Jam) E.V Other grants below £10,000 23,714 11,857 11,857 14.623 19,761 7,807 7,905 9,881 10,772 7,905 19,761 31.618 18,022 1C6,905 21,￿7 11,685 18.600 131,295 188,363 15,62S 9,949 7,835 8,743 11,040 399,802 327.588 Indgpendent exgminerfs remuneratlon 202S 2024 Fees payable lo thp charity's indèpendent examination (2024- audf(orf$ remunerkn'onl of the tharity's annual accounts Fees Payable lo the charity's auditor in respect ot. All noTraudit servw not inGluthd aljove 1,200 16,565 15.184 Page 26 JUSTICE FORJOURMAUSTS FOUNi)ATION (A Gompany Ilmitsd by guarantsa) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 REGISTERED NUDABER.. 13882886 10. Staff costs 2025 2024 Wages ar￿ Sglaries National Insyrance contributions Defined ccntributi¢Jn pension scheme 7,523 237 13.440 319 208 8,080 13,648 The average number of persons employed by the charlty durfng thg pertod was as foll¢)ws.' 2025 No. 2024 No. Employee No employee receiv•d remuneratic*n amounllng to morethan £60.000 during the penod. 11. Tru¥to•8' rnmungfatlon and •xp•n80# During the perfod, £48,44512024.' £61.7071 Wds pèid to MO Executlve Con8ulllng Limited In Tgspecl of consultancy services provided by Maria 0[￿hon1k1dZe. one of the TnJ$tees. During the period ended 31 Janvary 2025. expenses totaling £15,10912024.. £18,225) were relmbursed to 1 Trustee. The expenses relmbursed I￿luded Iravel, sub$islenc• and dlrect ¢o$ls. AS at 31 January 2025, £2,05612024.' £1,370) remained outstanding to Ihe Tiuslee. 11 Debtor• 2025 2024 Due wlthln one year Other debtors so.000 19,547 13. Creditots: Amounts falling duo withln one yoJr 2025 2024 other crediiors Accruals and defefred income 2,056 20.500 1,370 49,123 22,556 50.492 Page 27 JUSTICE FORJOURNAUSTS FOUNDATION (A company limited by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD EIIDED 31 JANUARY 2025 REGISTERED NUMBER." 13882886 1& 8tstem•nt of funds Slatoment of funds- Gurrentygar Balance •t I F•brnary 2024 Balance at TTrnsf¢rs 31 January inl¢ut 2025 Incom• Expondiiurn Unre5trlcted funds 57,013 300 1177,3911 120,078 General fvnds Endownont fundj Restricted fund8 InveslSgalive Grant Programme Media Safety Academy Media Risk Map 421414 300.523 1708,6901 14,247 2.314 2.692 650 1256.8581 1244.2421 187.5121 2,314 3.280 21.287 244,242 87,512 20M61 21319 5,662 {588.612) 588112 26,881 Total of funds 500.646 306885 r160,0031 41.128 Statemont of funds- PTlor year Balanco at 1 F•bwary 2023 Balanc• at Transfvrs 31 J*nuary rdoui 2024 Income Exp9ndlbJro Unrestrlctod funts 334.197 1540.1811 194,138 fl,013 General fund5 68,859 Endownont fund¥ 616.552 {194,138) 422,414 Restrlct•d fvnds Investigative Grant Programme Media Safety Academy Media Risk Map 191,331 38,958 38.732 (191,331} {38,3701 118,101) 588 20.631 289,021 1247,803) 21,219 Total of funds 68.859 1,219.771 1787,9841 $00,646 Page 28 JUSTICE FOR JOURÈIALISTS FOUNDATION IA company limited by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 REGISTERED NUMBER. 138B2886 15. Analysis of net assets bo1￿￿n lund¥ Analysis ofnet assets bgtbwen funds- current year Endovmiont Rgstrlctod Unrwtricted funds funds funds 2025 2025 2025 Totsl funds 2025 Current as88ts Creditor8 due wKhin one year 14,247 28.881 22,556 122,5561 63,684 122,556) Total 14.247 26.881 41,128 ANlysl$ ofnet a$••ts b•tw￿n funds- prlor year Endowment Restrfcted Unreslricted fijnds nds ftjnds 2024 2024 2024 Total fijnds 2024 Current 8sset8 Creditors due wlthln one year 422,414 21,219 107,SOS 150.4921 551.138 150,4921 Total 422,414 21.219 57,013 500,646 16. R•concSllatlon of nèt movemont In funds to nèt ca8h flowfrom oprntlng a¢tlvitio8 2025 2024 Nel Income forthe year las per Statement of Financl•l Activltleg) 459,517 437,787 Adjustments for. Decreasel{incre8sel in debtors Increase in creditors 130.453) {27.9361 (19,5471 3.811 Net cash provldgd by operating acifvltle¥ -S17.907 416.051 17. Analysis ofcash and cash 9qulva￿nts 2025 2024 Cash in hand 13.684 531,591 Page 29 JUSTICE FOR JOURNALISTS FOUNDATION IA ¢omp8ny limited by guarant991 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 REGISTERED NUMBER.. 13882886 18. Analysi$ of ¢hang8s In net debt At1 F•bNary 2024 Cash Ilows At31 January 2025 Cash 01 bank and in hand 8ank overdrafts repayable on demand Debt due wilhln 1 year 531.591 1517,222> 13,684 (1.370) 16881 12,055) 530.221 517,907 11,269 19. Grant Gommitmonts The total grant$ commltt8d to but Mt paid at the yearond totsl £39.348 {2024'. £108.2211. This commilmenl 18 made up of gr8nts to both indlvlduals and inslitutions which are payable upon the grantee meettng ¥pedfic performance condltions as outlined in the grant agreements. 211. Related party tranuctlon• During the year. the charity receNed a donation of £100.000 from Khc¥Jorkovsky Foundation, a ¢ompany which Maria Logan Is a trustee. 21. Poit balanc• 8heel •vents The chaw ha3 5uccessfvlty completed ils fve-year long Investigative Grant Programme to achieve rts objectNe$ lo raise public 8wareness of acts causing hami lo journalists and other media workers in the conduct of their legrtimate duties The ch8rlty has slnce focused on maintaining rtg medla ngk mapping and exten8Ne monltofing ol the sltualion wrth medrd freedom and atta¢ks agalnsl media workers and outlets. To Implement rts mi68ion to r81ge tho publlc awdrene88, charlty conlinueg lo prc•Ju¢¢ and d18séminate daily, weekly, monthly and annual updates, rbewslettern, reports an