2023-03-31-accounts

Charity Registration No. 1160451

THE JUST LIVING FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2023

THE JUST LIVING FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION

Signatory Trustee Professor Stuart Walker

Charity number 1160451 Advisor Strawberry Hill Consulting Ltd

CONTENTS

	Page
Trustee's report	4
Statement of Trustee's responsibilities	5
Statement of financial activities	6
Balance sheet	7
Notes to the accounts	8 -11

THE JUST LIVING FOUNDATION TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 The trustees for The Just Living Foundation present their report for the year ended 31 March 2023. The accounts have been prepa￿d in accordance with the accounting policies set out in note I to the accounts and comply with. the Charities Act 2011 and "Accounting and Reporting by Charlties: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151°. The Charity's trustees are responsible for the preparation of ttr￿ accounts. The charity's trustees consider that an audit is not required for this year under sectKin 144(2) of the Chartties Act 2011 (the 2011 Act) and that an independent examination has been received and no issues were reported. Objectives and activiths The Just Living Foundation's objects are: al The prevention or relief of poverty by pThiding grants, items and services to individuals in need and or Charities or other organisations working to prevent or relieve poverty in such parts of the World as the trustee5 from time to time may think fit. bl To promote sustainable development for the benefit of the public by: il The relief of poverty and the improvement of the conditions of life in s(Kially and economically disadvantaged communitie5. ill the promotion of sustainable means of achieving economic growth and regeneration. Sustsinable development means the development which meets the needs of the present without compromisin8 the ability of the future generations to meet their needs. The trustees have paid due regard to guidance issued by the Charity Commisslon in deciding what artivities the Charity should undertake. Applications for employment by disabled persons are always fully considered. bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled. every effort is made to ensure that their employment within the company's continues and that the appropriate training is arranged. It is the policy of the company that the trainin& career development and promotion of disabled person5 should. as far as possible, be identical to that of other employees. Achlevements and performance Flnandal review It is the policy of The Just Living Foundation that unrestricted funds which have not been designated for a specific use should be maintained at a reasonable level. The Charity considers that reserves at this level will ensure that. in the event of a significant drop in fundin& they will be able to continue the Charity's current activtties while consideration is given to ways in which additional funds may be raised. This level of reserve5 has been maintained throughout the year. The Charity has asse55ed the major risks to whith tt is exposed. and are satisfied that wstems are in place to mitigate exposure to the maior risks. stn￿Ure￿ governance and mana8em The Just Living Foundati¢)n is a Charitable Incorporated (kgantsation. The Trustees who served during the year were: Dr. Stuart Walker Dr. Julian Walker Dr. Mel Walkef The Trustee's report was approved by the Trustees Professor Stuart Walker Dated.. 1% 2022

THE JUST LIVING FOUNDATION TRUSTEES' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

The trustees are responsible for preparing the Trustee's Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires The Just Living Foundation to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year.

In preparing these accounts, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and

• prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

5

THE JUST LIVING FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

		Unrestricted	Total
		Funds	2021
		£	£
	Notes
Income from:
Donations and legacies	3	29,295	12,900
			-
Bank Interest		43	-
Total Income		29,338	12,900
Expenditure on:
Charitable activities	4	33,296	26,635
Administrative expenses	5	1,407	1,431
Total resources expended		34,703	28,066
Net expenditure for the year/
Net movement in funds		(5,365)	(15,166)
Fund balances at 1 April 2022		32,801	47,967
Fund balances at 31 March 2023		27,436	32,801

6

THE JUST LIVING FOUNDATION BALANCE SHEEr AS AT 31 MARCH 2023 2023 2022 Notes CURRENT ASSETS Cash at bank and in hand 27.936 33,701 Creditors= Amounts Falling Due Within One Year {5(Kl) I9￿) NET CURRENT ASSEfs IUABILmES} 27.436 32.801 TOTAL ASSETS LESS CURRENT LIABILITIES 27.436 32,801 NEf ASSETS 27.436 32,801 CAPITAL AND RESERVES b/f Profit and Loss Account 32,801 15,3651 47,967 115,1661 FUNDS OF THE CHARITY 27.436 32.801 The financial statements were approved by the trustees and authorised for issue on and are signed on its behalf by: Professor Stuart Walker Trustee

THE JUST LIVING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Company information

The Just Living Foundation is a Charitable Incorporated Organisation.

1.1 Accounting convention

These accounts have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The Charity is a Public Benefit Entity as defined by FRS 102.

The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The accounts are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared on the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the accounts, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustee's continue to adopt the going concern basis of accounting in preparing the accounts.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by trustees.

8

THE JUST LIVING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1.4 Incoming resources

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount.

Legacies are recognised on receipt or otherwise if the has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

1.5 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

9

THE JUST LIVING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

2 Critical accounting estimates and judgements

In the application of the ’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies Donations and gifts 4 ** Charitable activities Charitable Grants 5 ** Administrative expenses Bank Charges Design & Printing Costs I T Costs Accountancy Analysis by fund Unrestricted funds	Unrestricted Funds £ -33,296 159 - 748 500 1,407 1,407 1,407	2023 £ 29,295 Total £ -33,296 159 - 748 500 1,407 1,407 1,407	2022 £ 12,900 2022 £ 26,635 98 - 433 900
			1,431
			1,431 1,431

10

THE JUST LIVING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

6	Financial instruments	2023	2022
		£	£
	Carrying amount of financial assets
	Debt instruments measured at amortised cost	27,936	33,701
	Carrying amount of financial liabilities
	Measured at amortised cost	500	900
7	Creditors: amounts falling due within one year	2023	2022
		£	£
	Accruals and deferred income	500	900
8	Cash generated from operations	2023	2022
		£	£
	Deficit for the year	(5,365)	(15,166)
	Movements in working capital
	(Decrease)/increase in creditors	-	-
	Cash absorbed by operations	(5,365)	(15,166)

11

Corbiere Holdings UK Limited 144 High Street Teddington TW11 8HZ United Kingdom

10 June 2023

Just Living Foundation

I write to you in respect of the accounts of the Just Living Foundation (“Charity”) for the year ended 31 March 2023.

Respective responsibilities of trustees and examiner

The Charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

• (i) examine the accounts under section 145 of the 2011 Act;

• (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

• (iii) to state whether particular matters have come to our attention.

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent examiner's statement

In connection with our examination, no other matter except that referred to in the previous paragraph has come to my attention:

• (a) which gives me reasonable cause to believe that in any material respect the requirements:

• (i) to keep accounting records in accordance with section 130 of the 2011 Act; and (ii) to prepare accounts which accord with the accounting records, and comply with the accounting requirements of the 2011 Act;

have not been met or

Corbiere Holdings UK Limited Registered Company Number: 12919386 Registered in England and Wales

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

If you require any further information, please contact the undersigned.

Respectfully yours,

David Turner ACMA Director [e-mail] [phone]

Corbiere Holdings UK Limited Registered Company Number: 12919386 Registered in England and Wales