Environmental Justice Network Ireland Ltd
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 December 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Charitable activities | 5 | 19,124 | 202,334 | 221,458 | 11,666 |
| Other income | 6 | 50 | |||
| Total income | 19,124 | 202,334 | 221,458 | 11,716 | |
| Expenditure | |||||
| Expenditure on charitable activities | 7,8 | 18,946 | 190,453 | 209,399 | 9,637 |
| Total expenditure | 18,946 | 190,453 | 209,399 | 9,637 | |
| Net income and net movement in | funds | 178 | 11,881 | 12,059 | 2,079 |
| Reconciliation of funds | |||||
| Total funds brought forward | 2,929 | 2,029 | 4,958 | ||
| Total funds carried forward | 3,107 | 13,910 | 17,017 | 2,079 |
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 14 to 23 form part of these financial statements.
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Environmental Justice Network Ireland Ltd
Company Limited by Guarantee
Statement of Financial Position
31 December 2022
| Note Fixed assets Tangible fixed assets 14 Current assets Debtors 15 Cash at bank and in hand Creditors: amounts falling due within one year 16 Net current assets Total assets less current liabilities Net assets Funds of the charity Restricted funds Unrestricted funds Total charity funds 18 |
2022 £ 549 6,756 20,702 27,458 13,869 13,589 14,138 14,138 10,207 3,931 14,138 |
2021 £ 4,550 |
|---|---|---|
| 4,550 2,471 |
||
| 2,079 | ||
| 2,079 | ||
| 2,079 | ||
| 2,029 50 |
||
| 2,079 |
For the year ending 31 December 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 23 June 2023, and are signed on behalf of the board by:
Mr S Wood Trustee
The notes on pages 14 to 23 form part of these financial statements.
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Environmental Justice Network Ireland Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is Ormeau Baths, Ormeau Avenue, Belfast, BT2 8HS, Northern Ireland.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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Environmental Justice Network Ireland Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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Environmental Justice Network Ireland Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
- Equipment 33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
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Environmental Justice Network Ireland Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
3. Accounting policies (continued)
Financial instruments (continued)
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
Environmental Justice Network Ireland Ltd is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
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Environmental Justice Network Ireland Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
5. Charitable activities
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Joseph Rowntree Charitable Trust | 73,323 | 73,323 | |||
| Community Law | 4,932 | 4,932 | |||
| ECF | 120,811 | 120,811 | |||
| River Walk | 8,200 | 8,200 | |||
| Linking the environment | 14,192 | 14,192 | |||
| 19,124 | 202,334 | 221,458 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Joseph Rowntree Charitable Trust | 11,666 | 11,666 | |||
| Community Law | |||||
| ECF | |||||
| River Walk | |||||
| Linking the environment | |||||
| 11,666 | 11,666 | ||||
| 6. | Other income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Other income | 50 | 50 | |||
| 7. | Expenditure on charitable activities | by fund type | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Environmental Justice | 18,946 | 162,229 | 181,175 | ||
| Support costs | 28,224 | 28,224 | |||
| 18,946 | 190,453 | 209,399 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Environmental Justice | 7,989 | 7,989 | |||
| Support costs | 1,648 | 1,648 | |||
| 9,637 | 9,637 |
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Environmental Justice Network Ireland Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
8. Expenditure on charitable activities by activity type
| Activities | Activities | |||||
|---|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||||
| directly | Support costs | 2022 | 2021 | |||
| £ | £ | £ | £ | |||
| Environmental Justice | 181,175 | 18,577 | 199,752 | 7,989 | ||
| Governance costs | 9,647 | 9,647 | 1,648 | |||
| 181,175 | 28,224 | 209,399 | 9,637 | |||
| 9. | Analysis of support costs | |||||
| Analysis of | ||||||
| support costs | ||||||
| Environmenta | ||||||
| l Justice | Total 2022 | Total 2021 | ||||
| £ | £ | £ | ||||
| Staff costs | 13,481 | 13,481 | ||||
| Communications and IT | 1,144 | 1,144 | ||||
| General office | 3,952 | 3,952 | ||||
| Governance costs | 9,647 | 9,647 | 1,648 | |||
| 28,224 | 28,224 | 1,648 | ||||
| 10. | Net income | |||||
| Net income is stated after charging/(crediting): | ||||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Depreciation of tangible fixed assets | 275 | |||||
| 11. | Independent examination fees | |||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Fees payable to the independent examiner for: | ||||||
| Independent examination of the financial | statements | 2,100 | 600 | |||
| 12. | Staff costs | |||||
| The total staff costs and employee benefits for | the reporting period are analysed as | follows: | ||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Wages and salaries | 127,421 | 7,433 | ||||
| Social security costs | 7,269 | |||||
| Employer contributions to pension plans | 5,923 | 300 | ||||
| 140,613 | 7,733 |
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Environmental Justice Network Ireland Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
12. Staff costs (continued)
The average head count of employees during the year was 4 (2021: 3). The average number of full-time equivalent employees during the year is analysed as follows:
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Number of staff | 4 | 3 |
| The number of employees whose remuneration for the year fell within the following bands, were: | ||
| 2022 | 2021 | |
| No. | No. | |
| £60,000 to £69,999 | 1 | |
| Key Management Personnel |
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £89,870 (2021: ~~£ )~~ .
13. Trustee remuneration and expenses
No trustee received reimbursement for expenses during the year
14. Tangible fixed assets
| Cost At 1 January 2022 Additions At 31 December 2022 Depreciation At 1 January 2022 Charge for the year At 31 December 2022 Carrying amount At 31 December 2022 At 31 December 2021 15. Debtors Prepayments and accrued income Other debtors |
Equipment £ 824 824 275 275 549 2022 2021 £ £ 99 6,657 6,756 |
|---|---|
20
Environmental Justice Network Ireland Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
16. Creditors: amounts falling due within one year
| Trade creditors Accruals and deferred income Social security and other taxes Other creditors |
2022 £ 761 5,297 6,659 1,152 13,869 |
2021 £ 450 720 1,001 300 |
|---|---|---|
| 2,471 |
17. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,923 (2021: £300).
18. Analysis of charitable funds
Unrestricted funds
| At | At | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | January | 20 | 31 | December | |||||
| 22 | Income | Expenditure | Transfers | 2022 | |||||
| £ | £ | £ | £ | £ | |||||
| General | funds | 2,929 | 19,124 | (18,946) | 824 | 3,931 | |||
| At | At | ||||||||
| 1 | January | 20 | 31 | December | |||||
| 21 | Income | Expenditure | Transfers | 2021 | |||||
| £ | £ | £ | £ | £ | |||||
| General | funds | 50 | 50 |
21
Environmental Justice Network Ireland Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
18. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | |||||||
|---|---|---|---|---|---|---|---|
| At | At | ||||||
| 1 January | 20 | 31 | December | ||||
| 22 | Income | Expenditure | Transfers | 2022 | |||
| £ | £ | £ | £ | £ | |||
| Joseph Rowntree | |||||||
| Charitable Trust | 2,029 | 73,323 | (73,591) | (1,633) | 128 | ||
| European Climate | |||||||
| Foundation | 120,811 | (107,853) | (2,879) | 10,079 | |||
| Riverwalk | 8,200 | (9,009) | 809 | ||||
| 2,029 | 202,334 | (190,453) | (3,703) | 10,207 | |||
| At | At | ||||||
| 1 January | 20 | 31 | December | ||||
| 21 | Income | Expenditure | Transfers | 2021 | |||
| £ | £ | £ | £ | £ | |||
| Joseph Rowntree | |||||||
| Charitable Trust | 11,666 | (9,637) | 2,029 | ||||
| European Climate | |||||||
| Foundation | |||||||
| Riverwalk | |||||||
| 11,666 | (9,637) | 2,029 |
A transfer has taken place during the year which relates to fixed assets. EJNI used funding to purchase assets which have been transferred to Unrestricted Funds as EJNI fully own the assets, no restrictions have been placed on these assets.
19. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 549 | 549 | |
| Current assets | 6,179 | 21,279 | 27,458 |
| Creditors less than 1 year | (2,797) | (11,072) | (13,869) |
| Net assets | 3,931 | 10,207 | 14,138 |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Tangible fixed assets | |||
| Current assets | 50 | 4,500 | 4,550 |
| Creditors less than 1 year | (2,471) | (2,471) | |
| Net assets | 50 | 2,029 | 2,079 |
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Environmental Justice Network Ireland Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
20. Related parties
The Director of Environmental Justice Network Ireland Ltd is a relation to a Trustee and is also an employee of the Charity.
An employee of Environmental Justice Network Ireland Ltd is the spouse of the Director.
23