2024-03-31-accounts

Charity Registration No. 1160451

THE JUST LIVING FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2024

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THE JUST LIVING FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION

Signatory Trustee Professor Stuart Walker Charity number 1160451 Advisor Strawberry Hill Consulting Ltd

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CONTENTS

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

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THE JUST LIVING FOUNDATION TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees for The Just Living Foundation present their report for the year ended 31 March 2024. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with, the Charitie5 Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015)" 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 has been received and no issues were reported. Objectlves and artivities The Just Living Foundation's objects are: a) The prevention or relief of poverty by providing 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 trustees from time to time may think fit. b) To promote sustainable development for the benefit of the public by: i} The relief of poverty and the improvement of the conditions of life in socially and economically disadvantaged communities. ii) the promotion of sustainable means of achieving economic growth and regeneration. Sustainable development means the development which meets the needs of the present without compromising the ability of the future generations to meet their needs. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities 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 rnade 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 training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees. Achievements and perforrnan￿ Flnancial 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 funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Charity has assessed the major risks to which it is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure. governance and management The Just Living Foundation is a Charitable Incorporated Organisation. The Trustees who served during the year were: Dr. Stuart Walker Dr. Julian Walker Dr. Mel Walker Laura Joan Talaga The Trustee's report was approved by the Trustees Professor Stuart Walke Dated:

THE JUST LIVING FOUNDATION TRUSTEES' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

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.

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THE JUST LIVING FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024

		Unrestricted	Total
		Funds	2023
		£	£
	Notes
Income from:
Donations and legacies	3	100,169	29,295
HMRC Gift Aid		7,091	-
Bank Interest		62	43
Total Income		107,322	29,338
Expenditure on:
Charitable activities	4	29,568	33,296
Administrative expenses	5	2,387	1,407
Total resources expended		31,955	34,703
Net expenditure for the year/
Net movement in funds		75,367	(5,365)
Fund balances at 1 April 2023		27,436	32,801
Fund balances at 31 March 2024		102,803	27,436

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THE JUST LIVING FOUNDATION BALANCE SHEET AS AT 31 MARCH 2023 2024 2023 Notes CURRENT ASSETS Cash at bank and in hand 103,403 27,936 Creditors: Amounts Falling Due Within One Year (600) (500) NET CURRENT ASSETS {LIABILITIES) 102,803 27,436 TOTAL ASSETS LESS CURRENT LIABILITIES 102,803 27,436 N ET ASSETS 102,803 27,436 CAPITAL AND RESERVES b/f Prof it and Loss Account 27,436 75,367 32,801 (5,365) FUNDS OF THE CHARir 102,803 27,436 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 2024

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.

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THE JUST LIVING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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 Charity 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.

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THE JUST LIVING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

2 Critical accounting estimates and judgements

In the application of the Charity’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

3 Donations and legacies Donations and gifts HMRC Gift Aid 4 ** Charitable activities Charitable Grants 5 ** Administrative expenses Bank Charges Design & Printing Costs I T Costs Accountancy Analysis by fund Unrestricted funds	Unrestricted Funds £ 29,568 1,178 - 609 600 2,387 2,387 2,387	2024 £ 100,169 7,091 Total £ 29,568 1,178 - 609 600 2,387 2,387 2,387	2023 £ 29,295 2023 £ 33,296 159 - 748 500
			1,407
			1,407 1,407

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THE JUST LIVING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

6	Financial instruments	2024	2023
		£	£
	Carrying amount of financial assets
	Debt instruments measured at amortised cost	103,403	27,936
	Carrying amount of financial liabilities
	Measured at amortised cost	600	500
7	Creditors: amounts falling due within one year	2024	2023
		£	£
	Accruals and deferred income	600	500
8	Cash generated from operations	2024	2023
		£	£
	Surplus/(deficit) for the year	75,367	(5,365)
	Movements in working capital
	(Decrease)/increase in creditors	-	-
	Cash absorbed by operations	75,367	(5,365)

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

20 September 2024

Just Living Foundation

I write to you in respect of the accounts of the Just Living Foundation (“Charity”) for the year ended 31 March 2024.

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