CENTRE OF RESEARCH IN JUST TRANSITIONS CIC

Company limited by guarantee

Company Registration Number:
15513572 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2025

Period of accounts

Start date: 22 February 2024

End date: 28 February 2025

CENTRE OF RESEARCH IN JUST TRANSITIONS CIC

Contents of the Financial Statements

for the Period Ended 28 February 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CENTRE OF RESEARCH IN JUST TRANSITIONS CIC

Directors' report period ended 28 February 2025

The directors present their report with the financial statements of the company for the period ended 28 February 2025

Principal activities of the company

The company was founded in February 2024 with the purpose of conducting research on the challenges of ensuring that a transition towards a sustainable society and economy does not leave anyone behind. A second objective was to foster education and research on sustainability and the circular economy even through doctoral students. The resources initially available were very scarce. The founding director has implemented a fund raising plan through seeking donations and a search of commercial income. The means of seeking commercial income included: 1) sales of services to commercial organizations (successful). 2) participation to a tender by the Scottish authority (unsuccessful). CRIJT has also bid for a grant from the Joseph Rowntree Charitable Foundation, this unfortunately was not successful. In summary, the activities CRIJT performed included very valuable foundational research, pro-bono educational services and also paid for educational services. An objective that CRIJT did not manage to accomplish in this accounting period is the sales of contract research. This is a primary objective for the next accounting period.

Political and charitable donations

The company achieved very modest charitable donations from private individuals, amounting to a total of £1,070



Directors

The directors shown below have held office during the whole of the period from
22 February 2024 to 28 February 2025

Dr Maurizio Catulli
Dr Maurizio Catulli


Secretary Dr Maurizio Catulli

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 October 2025

And signed on behalf of the board by:
Name: Dr Maurizio Catulli
Status: Secretary

CENTRE OF RESEARCH IN JUST TRANSITIONS CIC

Profit And Loss Account

for the Period Ended 28 February 2025

2025


£
Turnover: 2,085
Cost of sales: ( 1,782 )
Gross profit(or loss): 303
Distribution costs: 0
Administrative expenses: 0
Other operating income: 0
Operating profit(or loss): 303
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 303
Tax: 0
Profit(or loss) for the financial year: 303

CENTRE OF RESEARCH IN JUST TRANSITIONS CIC

Balance sheet

As at 28 February 2025

Notes 2025


£
Fixed assets
Intangible assets: 3 2,000
Tangible assets:   0
Investments: 4 120
Total fixed assets: 2,120
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 1,303
Investments:   0
Total current assets: 1,303
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 1,303
Total assets less current liabilities: 3,423
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: ( 1,303 )
Accruals and deferred income: 0
Total net assets (liabilities): 2,120
Members' funds
Profit and loss account: 2,120
Total members' funds: 2,120

The notes form part of these financial statements

CENTRE OF RESEARCH IN JUST TRANSITIONS CIC

Balance sheet statements

For the year ending 28 February 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 October 2025
and signed on behalf of the board by:

Name: Dr Maurizio Catulli
Status: Director

The notes form part of these financial statements

CENTRE OF RESEARCH IN JUST TRANSITIONS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

CENTRE OF RESEARCH IN JUST TRANSITIONS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 2. Employees

    2025
    Average number of employees during the period 0

CENTRE OF RESEARCH IN JUST TRANSITIONS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 2,000 2,000
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 28 February 2025 2,000 2,000
Amortisation
Charge for year 0 0
On disposals 0 0
Other adjustments 0 0
At 28 February 2025 0 0
Net book value
At 28 February 2025 2,000 2,000

CENTRE OF RESEARCH IN JUST TRANSITIONS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

4. Fixed assets investments note

In this accounting period, the fixed assets investments were reduced to the costs incurred to design and upload the company website. Most design was made by voluntary personnel, however investments were made in various costs such as hosting, membership and other.

COMMUNITY INTEREST ANNUAL REPORT

CENTRE OF RESEARCH IN JUST TRANSITIONS CIC

Company Number: 15513572 (England and Wales)

Year Ending: 28 February 2025

Company activities and impact

CRIJT has started from humble beginnings but has delivered a few benefits: 1) It has delivered pro-bono educational services on the circular economy for Friends of the Earth ( a sustainability charity) in their Green Week event in Watford. The event was visited by local residents and businesses; 2) it has delivered pro-bono educational services to the doctoral students of Birkbeck University, helping them to deliver their understanding of just transitions (transitioning to a sustainable society and economy should not leave anyone behind); 3) It has delivered advice to aspiring doctoral students, 3 of which managed to access doctoral studies. For one of these students, CRIJT mediated for the student to gain a scholarship from the Petroleum Technology Development Fund. CRIJT has not benefited financially but one of the directors, Dr Maurizio Catulli, is the Principal Supervisor of the student at a university. The PhD focused on implementation of circular economy principles in the oil industry. 4) CRIJT delivered paid for educational services to a company specialized in access control. The benefit is that management and staff gained a sophisticated understanding of the principles of the circular economy and can implement them; 5) CRIJT delivered paid for educational services to an Irish educational institute specialising in sustainability. The topics were just transitions and the circular economy. 6) CRIJT delivered pro-bono coaching to a private university to ensure their teaching staff can build the topic of sustainability in their curriculum. 7) CRIJT has sponsored and conducted research in sustainable transport as used by disadvantaged people. The outcomes of this research have been disseminated through 3 peer reviewed publications, a white paper and several webinars, which can be accessed through www.crijt.org. CRIJT is happy to have contributed to knowledge and understanding of just transition to a sustainable economy and society.

Consultation with stakeholders

The founding director, Dr Maurizio Catulli, has consulted with: - Friends of the Earth, a charity - with the branch of Watford and its officers; - Local community in Watford - Aspiring doctoral students in sustainability - Academics at the Open University - A researcher on the disadvantages encountered by delivery drivers on zero hour contracts - A number of individuals who have served CRIJT in voluntary capacity. One of these individuals has been elected a voluntary director of CRIJT.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
20 October 2025

And signed on behalf of the board by:
Name: Dr Maurizio Catulli
Status: Director