Environmental Justice Network Ireland Ltd Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 December 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds In¢ome and endowments Charitable activities 11.573 268,505 268,505 280,078 221,458 Total Income 11.573 280.078 221,458 Expenditure Expenditure on charitable activities Total oxpendiluro 14,729 235.783 250,512 209,399 14,729 235.783 250.512 209,399 Net income (3.156) 32.722 29.566 12,059 Transfers between funds 7.487 (7.487) Net movement In funds 4.331 25,235 29.566 12,059 Recon¢tliation of funds Total funds brought forward Total funds carried fofward 3.931 10,207 14.138 4,958 8.262 35,442 43.704 17,017 The statement of financial actimties includes all gains and losses recognised in the year. All income and expenditure derive from continuing activilies. The notes on pages 15 to 24 fo part of these Ilnancial statements. 13
Environmental Justice Network Ireland Ltd Company Limited by Guarantee Statement of Financial Position 31 December 2023 2023 2022 Note Fixed assets Tangible red assets 13 1.509 549 Current assets Debtors Cash at bank and in hand 14 14.131 65,552 6.756 20,702 79,683 27.458 Creditors: amounts falling due within one year Net current assets 15 37,488 13,869 42.195 13.589 Total assets less current liabiltlies 43.704 14,138 Not assets 43.704 14,138 Funds of the charity Restricted funds Unrestricted funds 35.442 8,262 10,207 3,931 Total charity funds 17 43.704 14.138 For Ihe year ending 31 December 2023 the thartty was entttled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. DireGtors' responsibilities: The members have not required the company io obtain an audit of its financial statements for the year in questi 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, regirne. These financial stalements were approved by the board of trustees and authori5ed for issue on 2 September 2024, and are signed on behalf of the board by- Mr S Wood Trustee The n¢)tss on pag•$ 15 to 24 forni part of those financial Statements. 14
Environmental Justice Network Ireland Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2023 General infonnation The charity is a public benefft entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northem Ireland. The address of the registered office is Omieau Baths. Ormeau Avenue, Belfast, BT2 8HS. Northem Ireland. Statement of compllance These financial statements have been ppared 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 IFRS 102) (Charities SORP IFRS 102)) and the Companies Act 2006. Accounting policies Basls of preparation The financial statements have been prepared on the historical cost basis, as modffied by the revaluation of certain finanaal assets and liabililies and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. vthich is the functional currency of the entity. Golng concern There are no material uncertainties about the chartvs 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 eslimates and judgement5 are continually reviewed and are based on experience and other factors, including expectations of fvture events that are believed to be reasonable under the cirujmstances. 15
Environmental Justice Network Ireland Ltd Company Limited by Guarantee Notes to the Financial Statements iconlinu8d) Year ended 31 December 2023 Accounting pollcles {¢onthiuedJ Incomlng resources All incoming resources are included in the slatement of financial adivities when entillement has passed to the charity- it is probable that the economic beneffls associated with the transaction will flow to the charity and the amount can be reliably measured. The following Specif policies are applied to partiLwlar categories of income= Income from donations or grants is recognised when there is evidence of entitlement lo the gfft, reIpl is probatAe 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 c05t to the donor or the estimaled resale va5ue. Donated facilities and servi$ are recognised in the accounls when received if the value 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 dassified as unrestricted ftjnds 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 resiricted. Resources expended Expenditure is recognised on an accruals basis as a liability ts in0jed. Expenditure indudes any VAT which cannot be fully recovered. and is classsfied under headings of the statement of financial activities lo which it relates: expenditure on raising fvnds includes the costs of all fundraising activities. events. non-charitable trading activities, and the sale of donated goods. expenditure on charilable activtties includes all costs incurred by a charity in undertaking acttvities that further its charitable aims for the benefft of tts beneficiaries, including those support costs and costs relating to the govemance 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 c¢)sts are allocatsd to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activty are allo¢ated diredy to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonab. justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cos( and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded al the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impaimient losses. 16
Environmental Justice Network Ireland Ltd Company Limited by Guarantee Notes to the Financial Statements (ntInued) Year ended 31 December 2023 Accounting policies {contthued) Tangible assets (¢onllnuedJ An increase in the carrying amount of an a55et as a resull of a rewdluation. is recogni5ed in other recognised gains and losses, unless it reverses a charge for impaimient that has previously been recognised as expenditure within the stalement of financial activities. A decrease in the carrying arnount of an asset as a result of revaluation, is CognISed 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 slaiement of financial activities. Depreciation Depreciation is calculated $0 as to write off the cost or valuation of an asset, les5 its residual value. over the useful economic lrfe of that asset as follows: Equipmenl 33% straight line Impainnent of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being eslimaled where such indicators exist. Where the carrying value exceeds the recoverable amount. the asset is impaired accordingly. Prior impaimients are also reviewed for possible reversal at each reporting dale. For the purposes of impaimient 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 bek)ngs. The ¢ash%enerating unti is the smallest identifiable group of assets that indudes 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 dale. 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. Flnancial instruments A financial asset or a financial liabilty is recognised onty when the tharity becomes a party to the contractual provisions of the instrumenL Basic financtal instruments are initialty recognised at the amount recetvable or payable including any related transaction costs. Current assets and cuent liabilities are subsequenty measured at the cash or other consideration expeded to be paid or received and not discounted. Debt Instruments are subsequently meaSUd at arrK)rtised cost. 17
Environmental Justice Network Ireland Ltd Company Limited by Guarantee Notes to the Financial Statements {continv8dJ Year ended 31 December 2023 Accountlng policies (cortinued) Flnaneial instruments (eonfrnu•d) 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 subsequenliy measured at cost less impairment. Other financial instruments, including derNatives. are initially recognised al fair value, unless payment for an asset is deferred beyond nornal 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 niarket 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 acttvities. with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are rewewRd for objective evidence of impaiThent at the end of each reporbng 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 impaimenL Other financial assets are either assessed individually or grwped on the basis of similar credit risk characteristics. Any reversals of impaiment are recognised immediately, to the extent that the reversal doe5 not sutt in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impainnent not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the relaled service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayrnent will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 rnonths 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. Llmlted by guarantee Environmental Justice Network Ireland Ltd is a oynpany 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 limÉted to £1 per member of the charity. 18
Environmental Justice Network Ireland Ltd Company Limited by Guarantee Notes to the Financial Statements (ct)ntinuedJ Year ended 31 December 2023 Charitable activities Unrestrtcted Funds Restricted Tolal Funds Funds 2023 Joseph Rowntree Charttable Trust Community Law ECF River Walk Linking the environment NIHRC 64.797 64.797 4.260 193,708 4,260 193.708 7,313 7,313 10,000 10.000 11,573 268.505 280.078 Unrestricted Funds Restricted Total Funds Funds 2022 Joseph Rownlree Charitable Trust Community Law ECF River Walk Linking the environment NIHRC 73.323 73.323 4.932 120.811 8.200 14.192 4.932 120,811 8.200 14,192 19.124 202,334 221,458 Expenditure on charitsble activities by fund type Unrestricted Funds Restrlcted Tolal Funds Funds 2023 Environmental Justice Support costs (708) 15.437 223.543 12.240 222.835 27.677 14,729 235.783 250.512 Unrestricted Funds Restricted Total Funds Funds 2022 Environmental Justice Support costs 18,946 162.229 28,224 181,175 28,224 18.946 190.453 209,399 19
Environmental Justice Network Ireland Ltd Company Limited by Guarantee Notes to the Financial Statements (continu8dJ Year ended 31 December 2023 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2023 Total fund 2022 Environmental Justice Govemance costs 222,835 17,013 10.664 239,848 10,664 199,752 9.647 222,835 27,677 250.512 209,399 Analysls of support costs Anatysis of support costs Total 2023 Total 2022 staff costs Communications and IT General office Governance costs 13,363 1,546 2,104 10,664 13,363 1.546 2,104 10,664 13,481 1.144 3,952 9,647 27,677 27.677 28.224 Net income Net income is stated after chargingl(crediting).' 2023 2022 Depreciatlon of tsngible fixed assets 892 275 10. Independent examination fees 2023 2022 Fees payable lo Ihe independent examiner for. Independenl examination of the financial statements 2.900 2.100 11. Staff costs The total staff costs and employee benefits for the reporbng period are analysed as follows: 2023 2022 Wages and salaries Social security costs Employer contributions to pension plans 147,910 9.619 4,439 127,421 7,269 5,923 161,968 140,613 20
Environmental Justice Network Ireland Ltd Company Limited by Guarantee Notes to the Financial Statements (wntinvedj Year ended 31 December 2023 11. Staff costs (¢ontlnu•dJ The average head count of employees during the year was 6 (2022: 4). The average number of full-time equivalent employees during the year is analysed as follows.. 2023 2022 Number ofstaff The number of employees whose remuneration for the year fell within the following bands, were.. 2023 2022 No. £60.000 to £69.999 Key Management Personnel Key management personnel indude all persons that have authority and responsibility for planning. directing and controlling the activities of the charity. The total compensalion paid to key management personnel for services provtded to the charity was £89,084 {2022.'£89,870). 12. Trustee remuneration and expenses The charity trustees We not paid and did not receive any other beneffts from employment with the charity in the year (2022- £nil). Charity trustees were reimbursed for travel expenses during the year to the value of £4212022= £nil). Charity trustees received payment of £855 for professional or other services supplied to th8 charity. (2022= £nil). 13. Tangible fixed assets Equipment Cost At 1 January 2023 Additions 824 1.852 At 31 December 2023 2,676 Depreciation Al 1 January 2023 Charge for the year At 31 December 2023 275 892 1,167 Carrying amount At 31 December 2023 1,509 At 31 De¢ember 2022 549 21
Environmental Justice Network Ireland Ltd Company Limited by Guarantee Notes to the Financial Slatements (¢onlinued) Year ended 31 December 2023 14. Debtors 2023 2022 Prepayments and accrued income Other debtors 99 6,657 14,131 14.131 6,756 15. Creditors: amounts falllng due withln one year 2023 2022 Trade creditors Accruals and deferred income Social security and other taxes Other creditors 761 5.297 6,659 1,152 33,753 3.735 37,488 13.869 16. Pensions and other post retirement beneffts Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £4.439 (2022.. £5.923). 17. Anatysis of charitable funds Unr•stricted funds At 1 January 20 23 At 310ecember 2023 Income Expenditure Transfers General fvnds 3.931 11.573 (14,729) 7.487 8,262 At 1 January 20 At 31 December 2022 Income Expenditure Transfers General funds 2.929 19.124 (18.946) 824 3.931
Environmental Justice Network Ireland Ltd Company Limited by Guarantee Notes to the Financial Statements (continu*• Year ended 31 December 2023 17. Analysis of charitable fvnds (witinued) Restrictsd funds At 31 December 2023 At 1 January 2023 Income Expenditure Transfers Joseph Rowntree Charitable Trust European Climate Foundation Riverwalk NIHRC 128 64,797 (73,474) 8.549 10.079 193.708 (153.3091 {15.036) 35.442 10.000 {9.0001 (235.783) (1.000) (7.487) 10,207 268.505 35.442 At 31 December 2022 At l January 2022 Income Expendtture Transfers Joseph Rowntree Charitable Trust European Clirnate Foundation Riverwalk NIHRC 2.029 73.323 (73.591) (1.6331 128 120.811 8.200 (107,853) (9.009) (2,8791 809 10,079 2.029 202,334 (190.453) (3.703) 10,207 A transfer has taken place during the year whith relates to funding received for general ovetheads with no restrscts'ons attached. 18. Analysis of net assels between funds Unrestricled Funds Restricted Total Fund$ Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assgts 1,509 19.833 <13.080) 8.262 1,509 79,683 137.488} 43,704 59.850 (24,4081 &5.442 Unrestridwj Funds Restricted Totsl Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Not assets 549 6.179 (2.797) 3.931 549 27,458 (13,869) 14,138 21.279 (11,0721 10.207 23
Environmental Justice Network Ireland Ltd Company Limited by Guarantee Notes to the Financial Statements (Continued) Year ended 31 December 2023 19. Related parties The Director of Environrnentsl Justice Nelmfork 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 Dtrector. 20. Contingent Liabilities A contingent liability exists to repay grants received should rtain conditions not be fulfilled by the charily. In the opinion of the Truslees. the terms of the Letters of Offer have been, or will be, complied with and no liability is expected. 21. Corporation taxation The Company is a registered thartty. and as such is entided to tax exemptions on income and profits in furtherance of the charity's primary objectives. 24