JOHN LEWIS & PARTNERS FOUNDATION
ANNUAL REPORT
FOR THE YEAR ENDED 31 JANUARY 2022
Company Number: 06058796
Charity Number: 1118162
Directors. Trl￿ta@s, report
Slalen*nl of Trustees. responsibilf(ies
10
state[￿rrt of finarckql actI￿lieS
11
Bakqr¢e $tr*el
12
Statement of cash Ibjws
13
Notes to the firArrtlal statements
14
lrnlep8TrJert a￿JItor'S reFX)rt to members of John Lewis & Partners FoU￿lat￿n
22

JOHN LEWIS & PARTNERS FOUNDATION
DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR TO 31 JANUARY 2022
The Board of Trijslees Ithe Trusleesl presents I￿1r Directors, and Trustees, report along with the fina￿la1
statements of the John Lewis & ParirErs Foundation (referred lo as the "Foundation. the 'Trus1" the
"Charity" or the "charitable company.) for the year encsed 31 January 2022. The financlal statements have
been prepared in aCCordar￿e with the accounting policies sel out on pages 14-15 and comply with the
Charity's Articles of Association, Charities Act 2011 and the Charity {Accounls al￿ Reports) Regulations
2008. In preparirvJ the financial slalements the Charity follows best practice as set out in tFE UK Accounti
Standards (UK Generally Accepted A¢wuntiw Practice) i￿luding Financial Reporting Standard applicable
in UK and Republic of Ireland IFRS 1021 leffeciive 1 January 2015}- Icharilies SORP (FRS10211 and
the Companies Act 2006.
Objectives and activities
The objectives of the Foundation are lo advance general charitable purposes, acliNJ alone or in association
with others, by S(￿h charitable activities as the Trustees shall determine. lo include Iwf(h)ut limitation)
charitable activrties designed lo benefit the communities in the UK arKI overseas in whlch those produce
products supplied lo John Lewis & Partners {beirg the trading division of John Lewis plcl live aTrJ work.
The Foundation will make grants to fund projects that improve the wellbeir¥J of s￿h communf(ies. Potential
projects may include, but are Th)t lirniled to..
Fundiro the development of schools or improving the qualf(y of sclK)ols in areas where limited educational
facilities are available.,
Funding access lo schools or other remedial or education projects lo improve literacy or numeracy or to
increase scFK)ol enrolment rates, c* lo i￿reaSe awareness of access to education and ils impOrta￿e.,
Projects which benefit children lfvough highlighting the need or importance of school enrolmenl and education
gIKllor involve programmes lo Improve children's welfare or provide or i￿reaSe the provision of education,.
Funding medical centres arvj heamh care initiatives in areas of deprivation..
Fundiro crèches a￿$ Ot￿r child care facilities lo enable women with young children to work;
FundirrfJ training facilitie5 to enable people with limited skills lo improve their employabiif(y',
Fundi￿ community recreational faalities in areas W￿re f8w exist.. arwj
Fundi￿ projects which ￿1P to protect the enmronment improve biod1vers￿y.
FundirwJ projects of this naluTe will inevitably benefit the wider community as well as those iThYiMduals who
produce products to be sold by John Lewis & Partners. In deciding which projects lo support, the
Foundation will carefully Cor￿Ider isS￿S SLJch as local culture and traditions and political situation and
whgre appropriate will seek admce from local groups and organisations experienced in working with these
communities lo er￿Ure that Foundation's funding achieves the maximum benefit possibie.
Grant
olic
To ertsure 11%gt any social invèstment made by ttre Foundation achieves maxmum benefit, aml lo ensure that
each indiwdual project can be objectively evaluated, Trustees have established a set of fundiru criteria
which project proposals must meet in order to qLJalrfy for fU￿ing. Projects seekirg funding musl demortslrate
that they aim lo Ir￿reaSe the employability of disadvantaged indiwiduals and in so doing improve wellbeir
and Ioc81 enmronmenl of communities in need, in the UK and overseas, that support the John Lewis & Partners
busir*ss. They musl demonslrale that tkty address at least one ol the followirg areas..
Trairirg aNI skills transfer- or
Enabliry employment.

JOHN LEWIS & PARTNERS FOUNDATION
DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR TO 31 JANUARY 2022
Objectives and activities (continued)
rant maki
continued
The Trustees, grant making policy also sets out that grants will not be made lo contribute towards e￿MentS
of projects which might reasorpbly be considered 'core costs, ir￿ludIrO capital items, corElruction or
refurbishment of buiklirgs. development of computer programmes or educational materials, marketing arKI
promotional activities, venue hire and other consumables.
The Trustees have also clearly defined what types CA projects will rK)t be eligible for grants. Projeds which are
ineligible for funding include..
Projects that do ml offer benefit lo communities wlj) support the John Lewis & Partners business.,
Projects that promote religious or political groups or activities that exclude any part of society,.
Projects which seek lo create an income stream or charge a fee to benefick3ries for access to it., and
Courses, conferences, festivals, expeditions. overseas travel, fundraising events, re￿ptIonS, lectures,
resp((e breaks or holidays.
The Trustees have also identified those organisations that are ineligible for fundirg, which irtlude..
Pressure or campaign groups.,
Endowment furKIs.
The TrLBlees have a150 approved guidelines for applications which sets out how to appty, WI￿ slK)uld apply,
w mL￿h an organisalion can apply for, when lo apply, the approval process and terms arKI conditions of
any grant award.
Applications are welcome from followirKJ groups or irKlividuals'.
John Lewis plc employees..
Suppl*r management committees:
Worker management committees; and
IrKJeperKlent charf(ies 8rKI community groLPS.
Achievements and perfomiance
In planning activities each year the Board has regard lo the Charity Commission's guidance on public benefit
al Trustee meetings. Trustees always ensure that the programmes they undertake are in line with the
specified charilabk objectives.
In the year ended 31 January 2022, the Foundation agreed fundirKJ of eight new UK based employability
projects, totallirg £156,868, aloroside continuing commitments to seven projects started in previous years.
This approach, continuing lo paLJse rew overseas grant making, was continLEd from 2020 as John Lewis plc
undertook a review of the way that Trusts and Foundations would be resourced as part of a wider
transformalKJn programme,. concLrrently the FourKJation was considering its own strategy and vision. Duriro
spring 2021 the new John Lewis plc SIrL￿ture was resourced a￿1 5 new Trustees were also appointed to the
Foundation.
UKO
The Papworth Trust, a leading disability charity, is beirg fu$￿ed to deliver First Steps lo Success project
which has trained 21 people to achieve employment skills and 12 have entered into full or part lime
employment. The lolal donation of £33,840 was originally agreed by the UK Sub Committee in 2020.21 and
has been overseen by board of Trustees Ih's year.

JOHN LEWIS & PARTNERS FOUNDATION
DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR TO 31 JANUARY2022
Achievements and performance (continued)
UKO
continued
t)orset based care farmiffj project, Future Roots provides an a￿ernative education provision and support for
people to learn new skills arKI develop personal qualities by caring for animals, growing plants, and learning
njral crafts. project was granted a timing extension lo continue deliverirYJ support to two young people
WIK) were momng through their routes into agr￿Ullure programrne.. participants had successfully
completed their qualifications but were Unab￿ to undertake visits to ollEr work sellings due lo Covid
restrictions and more lime was needed to do this. A further donation of £50,000 was also made this year lo
support 5 young people through the programme as ttrE Trustees are keen lo continue developing their
work with Future Roots and are exploring how to buikl on relalior6hip with Wailrose farmers aTr
SLppliers as potential employers.
The Baytreè Centrè is a woman led organisalion based in Lambelh workiThJ with women aThJ girls, the
majority of whom are isolated and disenfranchised, supporting them lo gain confiderce, kN)wledge skills
to become inlegr8ted members of ttrE community. This year futKling for the Step Irrto Work project
SUPPOrted more than 50 women to access mentoring and courses lo say they felt more confident 47
women have accessed paid employment.
ThroL¥Jh a partr￿rShIP with Flne Cell Work, this year the Foundation has supported 23 ex-offenders lo learn
administrative project management skills through work experience al their Clolhworkers St￿los al HMP
Gartree and HMP Lilllehey, equipping ex-offenders with tangible business skills th91 equip them for work
post prison, ensuring good mental and physical health post release.
UK New Fundi
In 2021 Trustees restarted consideralK)n of UK ￿queStS as Covid restrictions eased
In SprirvJ 2021, TrLtstees invited Community Liaison Coordinators in JL bra￿￿S to source local place
based employability projects in their areas of oper8tion'. focusing on seeking small scale under £25,000 -
impaclful single year projects. This approach was taken in recognition that new grant making had been
paused during 2020, inc1￿11r￿j from the UK Sub Committee which had premously considered and granted
$￿pOrt lo smaller projects, aThJ TrLL4lees were keen lo aclwety begin considerirvJ new grants requests.
Support was granted to euht projects across the UK with employability skills development as their
primary ouleome. These projects are now getting underway and the Trustees and Foundation support team
are looking forward lo their reporliru updates arKI will aim lo Msit some of the schemes as appropriate.
The Trustees werè pleased lo support (wo prole¢ls in ScollarKJ this yeaT. The Grassmarket Community
Project is a social enterprise which offers long-lerm, relalionship-based support lo vulrErable adults in
Edinburgh facing social exclusion and isolation. T￿Y received fU￿l￿g to recruit a Wood Workshop Assistant
Manager, whose focus will be on sharir¥J skills in joinery or related professions to enable skilled access to
employment. Street Soccer Scotland were granted £8,6711o run a project in Glasgow which trains people
who are k)ng term unemployed to be volunteers with the skills to access employment.. success for th's
project will be the support of 30 M)lunteers ltrough the scheme and a subsequent transition to employment
for five participants.
In ￿rWiCh two organisalions were supported this year. Pop up Enterprises runs the Sh)ebox Community
Hub in ￿rWICh which focuses on loneliness and social isolation., fun(Jing will enable a part-lime
Employability a￿1 Skills Coordinator to support a Irainiro programme at the Shoebox for some 30
participants. The Fged provides employability projects and support for poverty, hunger and homelessness in
NoNich a￿1 this grant will fund a new mentor position to increase the number of people th81 Can be moved
forward into sustainable empbyment. The mentor will work directly with people that the Feed Enterprises
supports to teach t￿M skills to work within the catering and h)spitality industry as well as otI￿r
employability skills, confiderKe and molivalion.
Voices of Hope works with people with learning or mental health drfficulties, low self-esleem or depression,
social exclusion or isolation. your@ people at risk of offendirKJ. Funding was granted for a 12 month
part-lime staff posrtion lo help sel up arKI run the "Empowering People lo TF*ive" project in Kingston, wh)se
main aims are lo prowde volijnleering sessions placements for young people with special educational
needs, run cookirKJ courses for tocal at-risk yOLrth and increase internal empk)yment opwrtunilies.

JOHN LEWIS & PARTNERS FOUNDATION
DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR TO 31 JANUARY 2022
Achievements and performance (contlnued)
UK Fundi
continued
Smartworks in Reading helps women who face disadvantage to succeed al interview. grant will part-
fund the salaries of two Service Delivery Managers, WFK) organise finding clients, support beneficiaries and
train volunteers to deliver coachir¥J appointments to help women into work
Emmaus Carlton provKJes 8 home for up lo 42 forrrErly homeless adLAts in Mikon Keynes. The fuThling will
enable creation of an ork8ile ITITrainiTrJ Suite to provide access to training and education lo develop CV
writing skills and support to apply for roles w￿n they are ready to move on for employment arKI housing.
The Foundation was also pleased lo be able lo collaborate with the John Lewis Partnershlp Community
Investment Fund IPCIFI a fund established by John Lewis PLC to support Communities which were
impacted by a John Lewis PLC shop closure. The PCIF made a £11,181 donation lo the Foundation which
will be used to fund projects in those specific locations with employability at the heart of the work. Th
FoUndat￿n will apply their regular grant MakIr￿ policy arKI approach when considering these applicatiork
and where appropriate may commit additional funding lo a project. An initial reqLESt from Roundabout
Limited, a charity in StrEffield, which will run an employability programme for youryJ peop￿ affected by
FK)melessn&ss was supported by the Foundation with a grant of £28,94110 fund a Peer Education Worker la
Your￿ person WIN) has themselves eXper1er￿ed homelessness) who will deliver awareness sessions in
S¢￿1$ and colleges - this $C￿Me appealed to Trustees as the charity were able to clearly demonstrate that
6 premous peer educators had moved from llis role into permar*nt employment.
Rest of World On
oi
The Foundalit)n also continues lo work with communities that play a role in our supply chains internationalty.
worki￿ alorvjside Save the Chlldren, 3000 young migrants in Shenzhen and Guangzhou received work
experierKe and CV writing skilk enabling this mimrity group to build relationships with local employers, aThJ
increase their access to employment. Through the FourKlalion grant. Save the Children also created
relalh)nships with local decision makers, increasing chances of under-represented migrant labourers to
be employed in stable jobs al the erKJ of employability programme.
Wateraid - This project focused on crealiro sustainable clignge in the management of clean water and
waste in Sant Ravi Das Nagar (Bhadohil It￿la and ran trom February 2019 to January 2022 with a total
grant of £300.000 over the three year period. The project aims were lo support artisan communities to
access water. sanitation arKI hygiene and lo develop new skills that will generate income, improve their
health al￿ enhance their livelihood and lo support schools allended by the children of artisan workers with
access lo better water, sanitation hygiene education which will allow st￿lantS lo b8 trEalthier, slay in
sctrK)ol lorYJer, arKI take control of their own futures. Al the completion of the fundiro charity said "We are
deligmed to report, thanks lo your generous conlribuiion, WaterAid delivered this life-changing project in
India, briroing clean water, sanilalion ard hygiene to 15,000 disadvdnlaged people liviryj in artisan
communities"
The Foundation fund8d a project beginniTrJ in 2012 w(th Care and Falr to build and establish a girls, school
in the rug weaving area of Uttar Pradesh, IrKlia. The funding of this project was dLE lo finish in June 2021,
however, there is still a small outstanding commitment by Four¥Jalion to Care and Fair wlich will be
made dwiro 2022 following removal of any Four¥Jation branding. The removal of branding has not been
a priority for the Care and Fair durirg the impact of mu￿1P[e and frequently changing Covid-19 impacts aTh
restrict￿nS and as a wnsequence Trustees were minded to accept an extended deadline.
The Foundation is pleased to continue fundirKJ a project with The Toybox Charity, a national Christian
charity with a mission to end the injustice of children living a￿1 workirYJ on the streets. The Street lo SCI￿01
project in North-Easl Delhi was funded by the Foundation to enable 500 street and workirYJ children to enrol
into school and break the cycle of poverty. To achieve this the objectives are focused on improving parental
understa￿Ing on the importance of sendiTrJ their children to school, street chiklren in this location lo be
enrolled into formal edLJcation arKJ derrK)nslraling active attendance and for visible charge in CLrrent
PreCon￿p11OnS held by teachèrs. pupils and authorities about street and working children.

JOHN LEWIS & PARTNERS FOUNDATION
DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR TO 31 JANUARY 2022
Financlal review
The John Lewis & Partners FOU￿lation was established in 2007 with a donation of £311,000 from John
Lewis plc.
In the year to 31 January 2022, donations of £802,081 12021.. £421,349) were received, full details can be
found in rK)te 2 of the accounts. Investment i￿O￿e generated was £6312021.. £1,2151- Total donations Paid
were £474,962 (2021.. £637,034) full details are in mtes 5, 6, and 7 of IIE accounts.
As al 31 Jawary 2022 the Foundation had unreslricled funds of £1,024,516 Ilhe TrLLgt FutKII12021.'
£762,544).
nveslmenl olic
The investment policy is reviewed annually. As the FouThlation does ml have an erKlowment all [￿neY
held is intended for distribution in short-lerm, funds are held in an irkstanl aC￿sS current account.
Reserves
olic
The reserves policy is remewed annually. The Trustees are unanimously of the view that the Foundation
rEeds to hold reserves in order to ensure the ability of the Foundation lo the financial commitments il
has made. lo mulli-year projects. The Charity has mt identified any amount lo be held as reserves al the end
of the financial year ended 31 January 2022 as it had no long term commitments beyond its current Fundiro
Agreement.
Fundi
The Trustees developed a Commercial Participation Agreernent {CPA} between the Four¥Jation and John
Lewis plc. Tlis involves John Lewis plc paying a royalty from the s81e of a ra￿e of goods. for the use of the
John Lewis & Partners FoU￿atIOn logo an agreement to donate prO￿edS from the sale of single use
carrier bags {at a rate ￿ £0.05 per sirole use carrier bag sokll.
On 21 May 2021. the UK Government I￿reased charge for siThJle use carrier bags from £0.05 to £0.10
and as a resutt additional proceeds were generated through sales in John Lewis plc. It was agreed that the
Charity could keep the £214,470 I￿ome generated LP lo the 31 January 2022 year as a one-off dorkqtion
the CPA will be rewewed in the next financial year. The one off donation is recognised on 8 cash basis
given that no formal agreement was in place at the year end date. £187.417 of additional proceeds were
paid lo the Foundation by the year end date. A further £27,053, relalirKJ to proceeds generated in January
2022, was paid lo the FOUt￿all0rn in March 2022 and will be recognised in the accounts for the next financial
year as a one-off donation.
money usually donated by the John Lewis plc supplier Gala Dinner has, in th8 abSe￿e of the traditional
furKlraisirrfJ event in 2021, also been donated. John Lewis plc covered this skirtfall with a orE-off donation of
£150,000.
John Lewis plc has a￿ayS donated a per￿ntage of income generated from the sale of samples. These
saMp￿S are received within the John Lewis plc Trading Direclorale and, if permilled by their suppliers, are
offered for sale to Partners IhroL¥Jh regular sample s81es. As a resuli of the pandemic, only one sample sale
was trEld raisiThJ £8,753. John Lewis plc has compensated the Foundation for Ills lost fundirwJ by donatirKJ
£26.000 lo cover Ihg sF¥)rtfall.
Future plans
Whilst workiro with Toybox it became clear thsl there was a potential beneficial intersection with the
ambitions of amlher charity that the Foundation hgs also fuThYed. British Asian Trust is ambitious
about creating a chikl labour free environment arKI work that Foundation funded focused in Jaipur. In
bringiro the two charities together the Foundation was ple8sed lo fund a context assessment for a venture
between BAT and Toybox lo expk)re the development of 8 wraparound. safe two way referral pathway for
trafficked begging street children in Jaipur combining both org8nisalions' on the grou[￿ expertise lo
deliver more. This way of workiro is new for the Foundation will continue to be developed during 2022.

JOHN LEWIS & PARTNERS FOUNDATION
DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR TO 31 JANUARY 2022
Future plans {continued}
John Lewis plc has slated the arnbil￿n lo support people WFK) are care experietted to flourish and thrive.
During 2021 an unreslricled donation of £75,000 was made by John Lewis plc lo the Foundation lo support
and promote opportunities, enablement access to employment for care experienced people. Duriro
2022. the Foundation will research, source 2nd consider potential projects which accelerate opportunities for
care eyperienced people.
strategic review
FollowirYJ changes lo the John Lewis plc operaliro model the Trustees are aclwely consKleriro where
there are opportunities to work more closely with John Lewis plc, and to reflect any rew priorities or
objectives. The Foundation's charitable objective aligns Closely with the newly stated pwpose of John
Lewis plc 'WorkirYJ in partnership for a happier world"
The Sub-committee has continued to be dormant duriro the year to 31 January 2022 arKI the Trustee Board
chose to consider some smaller scale UK projects al main board meeliros lo reaclivale grant making. The
Trustees will complete their strategic remew during 2022, involving previous members of the UK Sub-
Committee. which will inclLKle the consKleralion of a UK Sub-committee going forward.
Reference and administrative details
Charil Name.. John Lewis & Part￿r8 FoU￿lation
Ch3ril Number.. 1118162
Com
an
Number.. 06058796
Princi
al Office.. 171 w￿tO[la Street, London, SW1 E 5NN
Directors and Trustees
The Directors of charitable company are its Trustees for IIE purpose of charf(y law aml thrO￿￿ut this
report are collectively referred to as the Trustees.
Simon Bishop
Paul B￿hanan
Sarah Gillard
Maggie Porteous
ika Brain lappoinled 21 September 20211
Andrew kbad (appointed 21 September 20211
Johnathan Marsh (appointed 21 September 2021)
Marija Rompani {appointed 21 September 2021 }
Louise Stuart lappointed 21 September 2021 }
Christine Kasoulls (resigned 3 March 20221
Com
an
Secreta
Simon Blackburn - Appointed 7 June 2021 Peter Simpson Ilo 7 20211
Irde
endent Auditor
KPMG LLP, 15 Canada Square, London, E14 5GL
Banker
Naliorol Weslmir6ter Bard( plc, Cavendish Square, PO Box 4NU
1 Cavendish Square, London. W1G OLA
Le
al Adviser
Legal Dep8rtmenl. John Lewi% plc, 171 Vitttorla Street. LO￿On, SW1 E 5NN

JOHN LEWIS & PARTNERS FOUNDATION
DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR TO 31 JANUARY 2022
Structure, Governance and Management
Governi
Document
Th& John Lewis & PartrErs Foundation was incorporaled as a private limited company, number 06058796,
on 19 January 2007 and registered as a charity with the Charities Commission on 28 February 2007, number
1118162. The Company was established under a Memorandum of Association which established the objects
and powers of the charitable company and is governed under its Articles of Association. Every member (also
being a Director of thè Company and Trustee of the ChaTf(yl promises, if the Foundation is dissolved while
or she remains a member or within 12 months afterwards, lo pay up to £1 towards the Costs of dissolution
and the liabilities iwurred by the Fourxlalion while he or she was a member.
aiisation
John Lewis & PartrErs FouTrJalion is governed by an irKlependenl B08rd of Trustees. Tr John Lewis
Partnership plc Board shall be entitled by notice in writing sigrEd by them or on t￿1r behalf and left at or
sent lo the registered office of the Foundation to appoint up lo fwe Trustees arKI by like notice to remove any
Trustee so appointed by them. Board of Trustees may appoint up to five further Trustees. The
Foundation's Board consists of al least three al￿ not more than ton individuals. The TrLL8lees must F¥)Id al
least two meetings each year, aThJ quorum al a rneeling of the Trustees is three Trustees lof which al least
two, or 500h. if greater, shall be TrLBlees appointed by the John Lewis Partnership pk Board).
The Trustees, legal resFX)nsibilities are outlined more fully in the Foundation's Articles of Association, which
all Trustees have read and approved. The Trustees who served for any part of the year ended 31 January
2022 arKI LP to the dale of s￿jning this report are set out on page 7.
Each Trustee can seNe for a three year lemi of cIfi￿ and shall retire al the board meeting arisirKJ after the
third anniversary of their appointment. A retiring TrLBtee WFK) remains qualified may be reappointed for a
further three year term of office, up to a total of three three year terms of Offi￿ {followir¥J a ge￿ra1 meelirrfJ
the Articles of Association were so ameThJed on 8 June 20211.
During 2021122 John Lewis undertook a signrficanl head office restruclurirg programme which has
infiuenced h)w the FourKlation is supported inleracls with the John Lewis plc Ethics atKI Sustainability
Directorate arwj wider bijsiness. Day to day management, administration development, evaluation of projects
ar￿ overall programme delivery for the Foundation is delivered by the Charrties & VolunleeriTrJ Speeialisl
a￿1 Officer from the John Lewis plc Social Impact Team and is furKled directly by John Lewis pk rather than
tl* previous nTh)del where the Foundation had the paid role of Programme Coordinator. AJI support provided
directty by John Lewis plc is do￿ so in ad￿rence to the parent organisalion pay policy. The indepeThJence
of the Foundation is central lo this new model whilst anabling a ck)ser and more active relationship with John
Lewis plc.
On 8ppointrnent the rEw Trustees were each given external trainiro on governance ar￿ the trustee role. and
were promded with detailed information about t￿1r legal obligations arKJ resporL8ibilities, and inforroation
about Foundation's current work, includirvJ.'
TIE John Lewis & P8rtrErs Foundation Articles of Assoeialion.,
The John Lewis & PartrErs Foundation latest Annual Report and Accounts;
Th8 latest meeting Minutes.,
GUida￿e on Trustee aFKI Director Responsibilities and
The Foundation's Policies.
Trustees met four times during the period between 1 February 2021 and 31 January 2022 I￿Iltd1rQ the
annual general meeting on 8 June 2021.
Trustee Remuneration atyy E
nses
The Trustees did not re￿1Ve, arxl were [￿t entitled lo re￿1Ve, any reMU￿ratIOn for their seNces. £1,154 of
Trustees trainiro and travel expenses were incLrred in the year.

JOHN LEWIS & PARTNERS FOUNDATION
DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR TO 31 JANUARY 2022
structure, Governance and Management (continued)
Risk man8
ement
The Trustees regularly consider the Foundation's artivities in relation lo the FOu￿latIOn,$ charitable
objectives and the risks lo which il is exposed. As at 31 January 2022, the Trustees believe that there are
three principal risks aris1r￿ from the Foundation's operations.. risk that t￿se involved in or benefillirg
from any proi8cI will not be adequately safeguarded.. the misuse of funds by a partner organisation., and the
failure of a project lo achieve the expected outpuis or outcomes. or lo have Il* desired impact upon
completion.
The Board of Trustees have discussed al kngth ways of assessirvJ I￿1VIdUal project risk ar￿ liability lo
ensure that both recipient project are eligible lo receive grants from trust funds, particular￿ for t￿se
projects based overseas.
The Board of Trustees have agreed that it is necessary lo undertake a degree of due-d1lige￿0 before any
award is made. in order lo be satisfied that fU[￿S will be applied lal in compliance with UK Charity law.. {b}
consislentty with Foundation's own objects., and Icl in the intended manner. The Trustees are aware that
this process must be undertaken in a way which protects th8 Fourdation withoui crealiro a burden to award
recipients, and continue lo rewew f(s processes to achieve this.
Similarty, the Board of Trustees has discussed trK)w best to balatKe their desire to support projects wlich are
innovative or which target difficult issues that do not normally allracl funding with need for applicants to
set out credible predictions of outcomes the likelihood of success. Tru51ees have agreed to proled
the FourKjat￿rn IhroL¥Jh: the collection of detailed information on the applicatK)n form., and the requirement
for mulli-year projects to provide reports against predetermined deliverables on an ann￿1 basis before the
release of further tra￿heS of fundir@.
Disclosure of Infomiation lo Auditor
T1￿ Trustees who held office al the date of approval of this Report of the Trustees lincludirvJ Strategic
Report) confirm that, so far as they are each aware. ltr￿Te is rK) relevant audit information of which the
charitable company's aLKJitor is unaware,. aThY each Iruslee has taken all the steps that they ought to have
taken as a trustee to make themselves aware of any relevant 8LyJil information and lo establish that t
charitable company's aLKlitor is aware of that inform81ion.

JOHN LEWIS & PARTNERS FOUNDATION
STATEMENT OF TRUSTEES, RESPONSIBILITIES IN RESPECT OF THE
TRUSTEES, ANNUAL REPORT AND THE FINANCIAL STATEMENTS
Truste85 are resportsible for prepariro the Trusleos, Annual Report and the financial statements in
ac￿rdar￿e with applicable law and regulaliorns.
Company law requires the Trustees lo prepare fina￿[al slatenEnts for each financial year. Under that law
they are required to prepare the financial statements in accordance with UK Accounting SlarKlards and
applicable law {UK GerErally Accepted Accounliru Practl¢e}, incI￿1r¥j FRS 102 The Financial Reporting
Standard applicable in the UK and Republic of Ireland.
Under compary law the Trustees musl not approve the fina￿181 statements unless they are satisfied that
they give a true arKI fair ￿leW of the stale of affairs of the charitable company and of the income aThJ
expenditure for that period. In preparing these financial statements, Trusle8s are required to..
select suitable accounting policies 8nd then apply them consislentFy,'
make judgements a￿j estimates that aro reasonable and prudent,.
slate wh8ther applicable UK Accounting Standards and the Statement of Recommended Practice
have been followed, subject lo ary material departures disclosed and explained in the financial
statements..
assess the charitable company's ability lo continue as a goirKJ Concern, disclosing, as applicable,
matters related lo goiw concern., a
se the going concern basis of accounting unless they either interKf lo IiqLudale the charitable company
or to cease operatiorts. or have no re81islic 8llèmative but to do so.
The Trustees are responsible for keepir@ adeq￿te accounting records that ar6 SLffticient lo sFK)w
explain the chari18ble company's transaclKJns and disclose with reasonable accuracy al any timo the
financial position of the charitable company and enable them to ènsure that the financial slalemenls comply
with the Companies Act 2006. T￿Y are responsible for such internal control as they determine is necessary
to enable the preparation of financial slalemenls that are free from material misstatement. whether due lo
fraud or error, ar￿ have general responsibility for taki[￿ such steps as are reasonably open to them lo
safeguard thè assets of the charitable company arKI lo prevent and detect fraud aThl othèr irrggularilies.
The Truslees 8re responsible for the maintenance a￿1 Integrity of t1￿ corporate and fiTrgnci81 information
ir￿lUded on the charitable company's website. LegislalK)n in the UK governiro the preParat￿n and
disseminalio
f financial statements may differ from legislation in other jurisdictions.
Maggie Porteous
John Lewis & PartrErs FOU￿lation
pri￿1paI Office.. 171 Victoria Street, London. SW1 E 5NN
June 2022
10

JOHN LEWIS & PARTNERS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JANUARY 2022
2022
2021
Notes
Income
Dorwtions
Other irKome
Interest i￿ome
Total income
802,081
51,439
63
853,583
421,349
68,004
1,215
490.568
Expenditure
Chgrilable activities
Total expenditure
591,611
1591,6111
725,683
{725,683)
21
Net movement in funds
261,972
{235,1151
Reconciliation of funds
Total funds brou
hl forward
762.544
997,659
Total funds carried forward
1.024.516
762,544
AJI funds are unrestricted.
The slalemenl of financial a¢tiwties inclLKJes all gains and losses recognised in the ygar.
l I￿Ome and expenses were from continuing activities.
The aGcompanyirvJ notes form an integral part of the financial stalemenls.

JOHN LEWIS & PARTNERS FOUNDATION
BALANCE SHEET AS AT 31 JANUARY2022
Total Funds
2022
Total FUr￿S
2021
btes
Curr9nt assets
Debtors
Cash al ba￿{ in harxl
Total current assets
19
271,468
814.772
1.086,240
299,763
524,949
824,712
LiabilitiÈ$
Creditors- amunts falliro dLk Within one year
20
161.7241
{62.168)
Net current assets
1.024.516
762,544
Total net assets
1,024,516
762.544
The funds of the charity
Unrestricted funds
Total charlt funds
1,024,516
1,024,516
762,544
762,544
21
The accompanying notes form an integral part of tho financial slalements.
The financial statements on pages 11 12 were approved by the Board of Trustees on June 2022 arKI
signed on ils behaw by..
Maggie Porteous. Trustee
TRUSTEES OF THE JOHN LEWIS & PARTNERS FOUNDATION
7 June 2022
Registered number.. 06058796
12

JOHN LEWIS & PARTNERS FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2022
2022
2021
tes
Cash flows from o
eratin
Net cash inflow I
outtlow
activities..
from o
eratin
24
activities
289,760
148,084
Cash flows from Investlng actlvltles
Interest i￿ome
Sale of sFK)rt-lerm investments
Net cash inflow from Investing activities
63
1.215
409,745
410,960
63
Change in cash and cash equivalents in the year
289,823
262,876
Cash and cash equivalents at the beginning of the year
524,949
262.073
Cash and cash e
ulvalents at the end of the
ear
814,772
524,949
The accomparyiry rKFtes form an integral part of the financial statements.
13

JOHN LEWIS & PARTNERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
Accounting policies
Basls of preparatlon
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities., Statement of Recommer¥Jed Practice applicable lo charities preparing their accounts in
accordan￿ w((h If* Fironcial Reporting Standard applicable in the UK arKI Republic of Ireland IFRS
1021 (effective 1 January 20151- (Charities SORP IFRS10211, the Charities Act 2011, the Charfiy
(Accounts and Reports) Regulations 2008 and the Companies Act 2006.
Foundation constitutes a public benefit enlily as defined by FRS 102.
Golng concern
The financial staten￿ntS have been prepared on a goiThJ concern basis which Trustee$ consider lo be
appropriate for the followirvJ reasons.
The business model of FourKlation is such that its Charitab￿ activities are limited to IIK)se which it has
sufficient funds lo support from the excess of furKling received over the costs of administering the
Foundation. The Foundation therefore has no specific commitments no commilled costs beyond ils fixed
costs of operation which are detailed in note 5.
Trustees have reviewed the cash flow forecasts for a period of al least 12 months from the date of
approwal of these fIna￿la1 statements which indicate that the Foundation will have SLrfficieTII funds to meet
ils liabilities as they fall due for that period. Ths Trustees have also considered the implications of Covid-19
on these cash flow forecasts and consider that as a resLAt of its operalirrfJ model explained above, even rf rK)
further fu￿1r￿ is received in the 12 n￿nth period. Foundation has sufficient cash reserves lo pay all
committed costs.
Consequently, the Trustees are confident that Foundation will have sufficient ftJrKls lo continue to
meet its liabilities as they fall due for at least 12 months from the date of approval of the financial
statements
Income recognition policies
I I￿oMe is recognised in the SOFA when the Foundation is legally enlilled to the income, the
monetary value can be meaS￿ed reliably and il is more likely than tK)t that IIE economic benefits
associated with gift or transaction will flow lo the charity.
T1￿ Foundation has following significant income streams..
al Donations Income
Where the FourKlatK)n receives I￿Ome, for which il does rK)I suppty a good or seNce
equal lo in value to the gift, r( is considered lo be a no[￿exchange Irartsaction aThJ is
accounted for as a donation.
w￿re income is received in relation lo a written agreement or grant, the Ir￿Qme is
recogn¢sed on an accruals basis, as the value of the income can be reliably measured.
receipt of tFp income can be legally enforced receipt is considered probab￿.
Where income has been received by a doTh)r at* it is ml covered by a written agreement or
grant, it will be recognised on receipt of funds. Prior lo the receipt of this income the
Foundation canrK)t reliably measure the monetary value nor are they legalty entitled to I
income. Receipt of the income is not considered lo be probab￿.
Throughout the financial year John Lewis PLC has provided administrative support al rK)
cost. These donated serm￿5 are recognised in the accounts based on an average rate for
the services on the open market.. a correspondiryj amount is then recogrused in expenditure
in the period of receipt ol the administrative support.
bl Other income
Where the Foundation re￿iVeS i￿Orne from IIE sale of goods bearing Foundation
trademark, an exchange transaction has taken FdaGe and should therefore be accounted for
as other income.
14

JOHN LEWIS & PARTNERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
Incomg recognition policie$ l¢ontinuedl
cl Investment income
w￿re Foundation earns income from ￿lding assets for investment PifP05es, il will be
accounted for as investment income and is recognised on an accruals basis.
Expenditure
ExpeTrJilure is i￿luded on an accruals basis as a liability is incurred. Donations payable are charged as
and when all coNlilions of the donation have been mel Ipost agreernenl by the Trustees). Expenditure
in¢l￿eS any VA T which cannot be fully recovered, and is reported as part of the experKlilure lo which il
relates.
If recognrtion of a liability is rK) k)nger appropriate le.g. an agreement is terminated} the liability is
cancelled by crediting the orKJinal expenditure category.
Debtors
Debtors are recognised at the recoverable amount du8.
Cash at bank and in hand
All cash is held in bank accounts with a S￿)rt rK>tice period of less than 90 days.
Creditors
Creditors are recognised where the Charity has a present obligation and the arfK)unt due to settle the
obligation can be measured or eslimaled reliably.
15

JOHN LEWIS & PARTNERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
2. Donations
2022
2021
F￿1$ donated by John Lewis plc from the salè of sirvJle use carriar bags
FLKhJs donated by John Lewis pl¢ from the sale of sample goods
Funds donated by John Lewis plc from the sale of acsvent calerKlars
Funds donated by John Lewis plc from tIE sale of Third Party Gift Cards
Don3led senrices
Other donations
Total
256,6S1
8,753
4,142
8.223
74,680
449.632
802,081
163,814
3,195
2,972
17.400
233,968
421,349
wntribution from sale of slrrtJ￿ w carr￿r bags is in line with the Commercial Participation Agreem&nt rale of
£0.05 per carrier bag sold.
The contributi¢)n from tIE sale of advent cale￿8¥$ re￿leS to a project nanEd 'Advent of Change. wh'ch th
FourKlation berefits Irorn. In this InSta￿e there is m written agreement in place between the donor 8rKI ttr
FouThJation committirvJ the donor to all()cating a proporth)n of the items sale price lo FokYKlation. arKI Ir￿ome
is onty recognised upon receipt.
The Contribution from the commission ear￿d from the sale of Third Party Gift Cards is from a new agreement
between John Lewis plc and the Foundation, signed in September 2021. The Fo￿datIon branding d￿$ rK)t
appear on each grft card and therèfore this contribution is classified as Donalions irwrlle.
Administrative support is provided by Joth Lewis plc. The value of these services is estimated al
£74,68012021.' £17,400>. Tr estimated value of these senrices is recognised within i￿Orne a5 a donatlory and
an equivalent charge included within swport costs.
OttrEr donatioTrs I￿￿1￿$ four Or￿ off donat￿n$ of £187,417.. £176,000.. £75,OQKI atyl £11, 181 from John Lewis
pk. Respectively, this was a donation for the addit￿n31 proceeds raised thrO￿Jh sirole carrier bag salès
above tIE Commercial Participation Agreement, a donation to meet tl* sh)rtfall in irKome arisin9 from rK)t being
able to hold the supplièrs ¢harily event and fewer sample sales events, 3 donation to SLPPOrt future projects
relating lo Care Leavers and lo collaborate wlih Jom Lewis Partnership Community Investment FuTrJ IPCIFI
to support employability pfojecls in commurulies which were impacted by a JLP shop closurè.
3. Other incom&
2D22
2021
FurKls donated by John Lewis plc from thè sale of ruJs
FuTrJs donated by John Lewis plc from the sale of candles
Trademark fee
Total
50,154
285
1,000
51,439
46,658
20.346
1.000
68.004
contribLrtion from the sale of rugs relates lo prcxlLLls bearitYJ thè J(>hn Lewis & PartrErs FourKJation logo.
The rugs sold use colton produced by colton farmers w￿) have been supported by the John Lewis & Partners
FouThJation tfr*ough the CotlonConne¢t project.
TrE contribution from the Sa￿ of carKlbs relates lo a selection of stock sold by John Lewis & PartrErs which
bears the FovrKlation1090.
4. Investm•nt in¢¢)me
Interest incoma of £63 was earned from a current accourrt with a sh)rt Th)t1￿ period of less It￿n 90 days.
16

JOHN LEWIS & PARTNERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
5. Ex￿.end11urft on charitable activities
Dtsnatior￿ payable by John Lewis & Partners Fourxlaiion Inole 61
Donations
able b John Lewis & Partners FoU￿atIOn SutFCommittee
Sub-total
Additional Coronawrus fuNlir
Support costs
TechTh)logy products donated
Bank char
es
402,186
72,776
474,962
322,119
152,784
474,903
162,131
51,357
37.200
92
note 7
75,834
40,800
15
Total
591,611
725,683
Additional Corona*irus fU￿1￿j in 2021 reL8tes to the FourKlation's wish to support its current charilies with extra
funding to help their response to Coronamrus. This relates to additional fLHKls arKI 1$ $gperata to thè indivxjual
agreements with each charity.
£75,834 Supwrt costs comprorrisè of two èlèm&nts
£74,680 relates to the administrative seNces prohryded by John Lewis plc al no charge arKI an equivalent sum is
ir￿lUded in incDrrE. For the prewou5 year, one of the support roles was charged to the FourKlalion by John Lewis
plc12021 £32,057} and the remainder was pro¥Aded al rK) charge12021'. £17,400).
£1, 154 relates lo Trustee travel and trairww e>penses12021 £1,900>
Techmlogy products donated relates lo capital items which FoundatM)n donated to Business in t￿ Community
comprisiw of smart ptrows and laptops from John Lewis plc. Tr Foundation purclwsed the tech￿)logY products
from John Lewis plc at market rates.
17

JOHN LEWIS & PARTNERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
6. Expenditure by John Lewis & Partners Foundation
Charitable activities
Donations to institutlons
Action Aid - Delli aTrJ Chennai
67,996
41,771
British Asian Trust- ltstspot
Care a￿1 Fair
7,000
Emmaus Turvey
Futwe Roots Imte 81
Grassmarkel Commurmty
Oxlam
9,176
50,000
21,840
166,0641
Pop Up Enterprises
RouThJabout Limited (note 9}
Smartworks
18,600
28,941
29,640
8,671
20,000
62,500
31,433
1,385
20,000
100,000
402.186
Street Soccer ScotlaThY
Feed Enterprises
Tl* Save the Children Fund Imle 101
Toybox Imte 11 }
Toybox l Brrtish Asian Trust collaboration {note 121
Voices of Fbpe
WaterAid
note 13
125,000
46,416
100,000
322,119
As al 31 January 2022, the FOu￿allOn has committed, bLrt not provKled for, spend of £7,015 re18ting to
ttrp Care and Fair projecl conliThJenl upon name change of a school in Utlar Pradesh, India.
Total
7. Ex
enditure b John Lewis & Partners Foundation Sub-committee
2022
2021
Total
Total
Charitable activities
Donatlons to Institutions
Jubilee Community Enterprise Inole 14)
Baytree Centre (rote 151
Future Roots Inole 161
P8PWOrth Tr￿t Inole 171
Fine Cell Work Irole 18J_
Total
{9.5041
25,000
30,000
11,280
16,000
72,776
152,784
As at 31 January 2022, the Foundation has commilled. but rK)t provided, sperd of £11,280 relating to th8
Papworth Trust proiect which is conlirvJenl upon prowsion of a satisfactory progress report.

JOHN LEWIS & PARTNERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
8. Grant agreement wlth Future Roots - AAdltlonal funds
In June 2021, the Trustees agreed to donate an additional £50,000 to the Dorsel based care farming
rojecl that they had prewously supported through a Sub Committee grant. These additional funds went lo
support two young people who had obtained qualifications but were not yet in employment. atKI to run the
programme for a further five new youro people.
9. Grant agreement with Roundabout Llmlted - collaboration with the John Lewls Partnershlp
Community Investment Fund IPCIFI
In December 2021, the Trustees agreed to collaborate with the John Lewis Partnèrship Community
Inveslmenl Fund IPCIFI lo support employability projects in communities which were impacted by a John
Lewis & PartrErs shop closure. Rourmlaboul Limited. a charf(y in Sheffleld. will run an empbyabilily
programme for young people affected by k)melessness.
10. Multi-year project with The Save the Children Fund
In May 2018 the Trustees agreed a multi-year project by sKJning a Memorandum of UnderslaThliTrJ IMOU)
with Save Children furKI which has been implernenlirw projects in China since 1995. Tlk lot81 amoLnl
approved was £375,000, this was lo be paid by inslalmenls over 3 years. In the year to 31 January
2022, the Trustees rBc8ived a final report on project and had been satisfied that the projeel
delivered ils deslred outcomes lo date and approved the final payment of £62,500 {2021.' £125,0001.
11, Multl-year project wlth Toybox
In March 2019 the Trustees agreed a mulli-year project by sigr*rKJ a MemorandLm of UTrJerslandiro
IMOUI with Toybox whTrch has been implementing projects in Delhi and has a vision of a jLJSt world with no
street children. The total amount approved was £121,438, this was lo be paid by irtslalmenls over 3
years. In the year to 31 January 2022, the Trustees received a final report on IIE project and had been
satisfied that the project had delivered ils desired outcomes to date and approved the final payment of
£31,43312021.. £46,416).
12.Toybox Contgxt As$g$smgnt for potential futuro joint projgct with British Asian Trust
In April 2019, the Trustees agreed lo fu￿1 a context assessment to ewdluale the beneff( that could be
delivered from collaborative project between the two charities and lo generate a wmber of options for a
future fU￿1r￿J proposal.
13. Multi-year project with WaterAid
In January 2018 the Trustees agreed a mLAti-year project by signing a MenTh)r8ThJum of UnderstaThJing
{MOUI wf(h WaterAid which seeks to beneff( in excess of 15,000 Indi￿ldUalS in drfferent communities
across district of Bhadohi. The total amount approved was £300,000, this was lo be paid by
instalmenls over 3 years. In the year lo 31 January 2022, the Trustees received a final report on the
project and approved the final payment of £100,00012021.. £100.001-
"14, Jubilee Community Enterprise
project had needed to suspend their activities for foreseeable fuiure due lo COVID a￿9 therefore
returr*d funds of £9,500 to reflect the Incompletion of their project. Th& Trustees were disappointed that
Jubilee Community Enterprise was unable to complete their project and IK)ped that they woukl be able to
resume activities come back lo the FoundalKJn in near future.
"15. Multl-year Project wlth The Baytree Centre
In March 2019 Truglees agreed a mulli-year project wtth Thè Bayiree Centre. The total arTh)unt
approved was £75,000, this was lo be paid by instalments over 3 years. In ltre year lo 31 January 2022.
Trustees received a final report on the project and had been satisfied that the project had delivered
its desired outcomes and approved the final payment of £25,00012021.' £25,000}.
19

JOHN LEWIS & PARTNERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
.16. Multi-year Project vlth FutUTe Roots
In April 2020 Trustees agreed a multi-year project with Futwe Roots. The lolal amount approved wa5
£89,000, llis was to be paid by instalments over 18 months. In the year lo 31 January 2022, Trustees
received a final report on the project and had been satisfied that the project had delivered its original
desired oirtcomes and approved the final payment of £30,00012021.' £59,000). A req￿st for additional
fu￿ing was approved by the Trustees in JLne 2021. see note 8.
.17. Multi-year Project with Papworth Trust
In April 2020 the Trustees agreed a mulli-year project with the Papworth Trust. The lolal amount
approved was £33,840, this was to be paid by inslalments over 3 years. In IIE year lo 31 January 2022
payments of £11.280 were made12021: £11,280). Future payments are coNlit￿n81 on the Trustees
receivirYJ satisfactory annual reports. The total amoutt committed but not provided as at 31 January 2022
was £11,28012021 £22,560} .
.18. multi.year Project with Fine Cell Work
In September 2019 the Trustees agreed a mLAti-year project with Fine Cell Work. The lolal amount
approved was £48.000, this was to be paid by inslalments over 3 years. In the year to 31 Jawary 2022,
the Trustees received a final report on project ar￿ had been satisfied that the project had delivered
ils desired outcomes and approved th8 final payment of £16,00012021.' £16,000)
19. Dobtors
2022
2021
Amounts owed b John Lewis
Ic
299.763
271.468
299,763
T1￿ 2022 figure incI￿leS £176,000 from John Lewis plc to meet FouThYalion's shortfall in Ir￿ome
arising from mt beirYJ able lo ￿)Id the suppliers charity event and fewer sample sales. The figure
also intr1￿es £50.15412021.' £46,658) being a contribution from the sales of rugs, durlng ltr
year to January 2022 with the John Lewis FoutKlalion Logo, usirvJ colton prOdU￿d by cotton
farmers that have been supported by Jom Lewis & Partnors FoundatKJn thro￿￿h the
Cotlonconnecl project.
20, Credltors.. amounts fallln
due within one
ear
2022
2021
Donations
Other
49,640
12,084
61.724
32.200
29.968
62.168
Donations relates lo payments made after thè year end to Smartworks1£29,6401 and Voices of
Hope1£20,CK)01. Other creditors include a repayment to John Lewis plc of £4,069 which relates to
an overpayment of fuNls dorHted from sale of GaThdtes and a payment lo Joth Lewis plc of
£8,014 for 2021 Coordinators pay which remained outslandirg as al 31 Jaryjary 2022.
20

JOHN LEWIS & PARTNERS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
21. Net movement in funds
2022
Ful￿ al 31 January 2021
Movement in fund for the
Fund at 31 Janua
2022
ear
261,972
1.024,516
22. Corporatlon Taxation
The Chafily is a registered charity, and as such Is exempl from tax on income al￿ gains to
the extent that IlEse are applied solely for charitable purposes. fallirwJ within s478 to s490 of
the Corporation Taxes Act 2020 arKI $256 of the Taxation of Chargeable Gains Act 1992.
23. Related party transactions
The audit fee was borne by Joth Lewis plc. The Directors did ml recewe, and were rK)I
entrtled to receive, any remuneration for their services. All adminislralive support is provided
by John Lewis plc. For the year ended 31 January 2022, the value of these serwces is
estimated al £74.680. The estimated value of these seNices is recognlsed within income as
a donation, ar￿ an equivalent Charge i￿l￿ed within support costs.
24. Reconciliation of not movement in funds to net cash flows from operating activltles
2022
2021
Nel movement in fU[￿S
Investment income
Decrease in Debtors
Decrease in Creditors
Net cash
rovided b
261.972
1631
28.29$
1235,1151
11,2151
111,133
-.122,887I
148.084)
eratin
aetlvitigs
289,760
21

**JOHN LEWIS & PARTNERS FOUNDATION** 


## **Independent auditor’s report to the members of John Lewis & Partners Foundation** 

## **Opinion** 

We have audited the financial statements of John Lewis & Partners Foundation (“the charitable company”) for the year ended 31 January 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and related notes, including the accounting policies in note 1. 

In our opinion the financial statements: 

- give a true and fair view of the state of the charitable company’s affairs as at 31 January 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with UK accounting standards, including FRS 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ ; and 

- have been prepared in accordance with the requirements of the Companies Act 2006 . 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (“ISAs (UK)”) and applicable law. Our responsibilities are described below. We have fulfilled our ethical responsibilities under, and are independent of the charitable company in accordance with, UK ethical requirements including the FRC Ethical Standard. We believe that the audit evidence we have obtained is a sufficient and appropriate basis for our opinion. 

## **Going concern** 

The trustees have prepared the financial statements on the going concern basis as they do not intend to liquidate the charitable company or to cease its operations, and as they have concluded that the charitable company’s financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements (“the going concern period”). 

In our evaluation of the trustees’ conclusions, we considered the inherent risks to the charitable company’s business model and analysed how those risks might affect the charitable company’s financial resources or ability to continue operations over the going concern period. 

Our conclusions based on this work: 

- we consider that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate; 

- we have not identified, and concur with the trustees’ assessment that there is not, a material uncertainty related to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for the going concern period. 

However, as we cannot predict all future events or conditions and as subsequent events may result in outcomes that are inconsistent with judgements that were reasonable at the time they were made, the above conclusions are not a guarantee that the charitable company will continue in operation. 



**JOHN LEWIS & PARTNERS FOUNDATION** 


## **Independent auditor’s report to the members of John Lewis & Partners Foundation (continued)** 

## **Fraud and breaches of laws and regulations – ability to detect** 

_Identifying and responding to risks of material misstatement due to fraud_ 

To identify risks of material misstatement due to fraud (“fraud risks”) we assessed events or conditions that could indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud. Our risk assessment procedures included: 

- enquiring of personnel, as to whether they have knowledge of any actual, suspected or alleged fraud; 

- reading Board of Trustee minutes; and 

- using analytical procedures to identify any unusual relationships or movements. 

We communicated identified fraud risks throughout the audit team and remained alert to any indications of fraud throughout the audit. 

As required by auditing standards, we perform procedures to address the risk of management override of controls, in particular the risk that management may be in a position to make inappropriate accounting entries. On this audit we do not believe there is a fraud risk related to revenue recognition because revenue is in the form of cash receipts and notified to the charitable company in line with signed agreements. 

We did not identify any additional fraud risks. 

_Identifying and responding to risks of material misstatement due to non-compliance with laws and regulations_ 

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, through discussion with management and discussed the policies and procedures regarding compliance with laws and regulations. 

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. 

The potential effect of these laws and regulations on the financial statements varies considerably. 

The charitable company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. 

Whilst the charitable company is subject to many other laws and regulations, we did not identify any others where the consequences of non-compliance alone could have a material effect on amounts or disclosures in the financial statements. 



**JOHN LEWIS & PARTNERS FOUNDATION** 


## **Independent auditor’s report to the members of John Lewis & Partners Foundation (continued)** 

## **Fraud and breaches of laws and regulations – ability to detect (continued)** 

_Context of the ability of the audit to detect fraud or breaches of law or regulation_ 

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. 

In addition, as with any audit, there remained a higher risk of non-detection of fraud, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing noncompliance or fraud and cannot be expected to detect non-compliance with all laws and regulations. 

## **Directors’ and Trustees’ report** 

The Trustees are responsible for the directors’ and trustees’ report. Our opinion on the financial statements does not cover that report and we do not express an audit opinion thereon. 

Our responsibility is to read the directors’ and trustees’ report and, in doing so, consider whether, based on our financial statements audit work, the information therein is materially misstated or inconsistent with the financial statements or our audit knowledge. Based solely on that work: 

- we have not identified material misstatements in the directors’ and trustees’ report; 

- in our opinion the information given in that report for the financial year is consistent with the financial statements; and 

- in our opinion that report has been prepared in accordance with the Companies Act 2006 . 

## **Matters on which we are required to report by exception** 

Under the Companies Act 2006 we are required to report to you if, in our opinion: 

- the charitable company has not kept adequate accounting records or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees’ remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit. 

We have nothing to report in these respects. 

## **Trustees’ responsibilities** 

As explained more fully in their statement set out on page 10, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view; such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error; assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and using the going concern basis of accounting unless they either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 



**JOHN LEWIS & PARTNERS FOUNDATION** 


## **Independent auditor’s report to the members of John Lewis & Partners Foundation (continued)** 

## **Auditor’s responsibilities** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue our opinion in an auditor’s report. Reasonable assurance is a high level of assurance, but does not guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements. 

A fuller description of our responsibilities is provided on the FRC’s website at www.frc.org.uk/auditorsresponsibilities. 

## **The purpose of our audit work and to whom we owe our responsibilities** 

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. 


## **Joanne Lees (Senior Statutory Auditor)** 

## **for and on behalf of KPMG LLP, Statutory Auditor** 

## _Chartered Accountants_ 

15 Canada Square London 

Date: 15 June 2022