**Charity registration number 1165194**
## **JUST LIKE US**
## **AUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 AUGUST 2024**
## **JUST LIKE US**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|G Bowen||
|---|---|---|
||C Paouros||
||R Smith||
||D J Gerring||
||T Ramsey||
||N Christie-Miller|(Appointed 21 August 2024)|
||S Morton|(Appointed 21 August 2024)|
|**Charity number**|1165194||
|**Registered office**|10 Snow Hill||
||London||
||EC1A 2AL||
||United Kingdom||
|**Auditor**|Godfrey Wilson Limited||
||5th Floor, Mariner House||
||62 Prince Street||
||Bristol||
||BS1 4QD||
||United Kingdom||
|**Accountants**|Sedulo London Limited||
||Office 605 Albert House||
||256 - 260 Old Street||
||London||
||EC1V 9DD||
||United Kingdom||
|**Bankers**|Barclays Bank PLC||
||1 Churchill Place||
||London||
||E14 5HP||
## **JUST LIKE US**
## **CONTENTS**
||**Page**|
|---|---|
|Chair's Report|1|
|Trustees' report|2 - 7|
|Statement of trustees' responsibilities|8|
|Independent auditor's report|9 - 11|
|Statement of financial activities|12|
|Balance sheet|13|
|Statement of cash flows|14|
|Notes to the financial statements|15 - 32|
## **JUST LIKE US**
## **CHAIR'S REPORT**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
Together with my fellow Trustees, I am proud to reflect on the remarkable progress and milestones our charity has achieved this year in our mission to empower young people to advocate for LGBT+ equality.
Over the past year, Just Like Us has remained deeply committed to promoting equality and diversity, with a particular focus on fostering understanding and respect for LGBT+ young people. Our charitable objectives have guided every initiative and programme we have undertaken, driving our efforts to challenge prejudice and combat discrimination.
At the heart of our work is the Ambassador Programme, which continues to flourish and expand. This year, we have seen a significant rise in the number of trained ambassadors, as well as further growth in the reach of their talks within secondary schools. These efforts have empowered LGBT+ young people to amplify their voices and sparked meaningful conversations in classrooms across the country.
School Diversity Week has also reached new heights of success, with an extraordinary level of participation from primary and secondary schools throughout the UK. The widespread use of our free educational resources highlights the importance of creating spaces where LGBT+ identities are celebrated and embraced.
Our Pride Groups programme has also continued to grow, with significant support from the National Lottery Community Fund, offering LGBT+ and ally young people a supportive environment to connect, learn, and find encouragement. By equipping schools with training, resources, and guidance, we are helping create inclusive spaces where every pupil feels valued and respected.
These accomplishments would not have been possible without the generosity of our donors, the support of our corporate partners, and the dedication of our volunteers. Their steadfast commitment has enabled us to overcome obstacles and sustain our vital work, even in challenging times.
Despite our successes, we remain acutely aware of the challenges that lie ahead including the ongoing cost of living crisis and increasingly politicised environment around trans people.
Nevertheless, we are determined to build on our achievements and deepen and broaden our impact. By continually refining our programmes, strengthening governance, and fostering diversity at all levels, we are committed to creating a society where all LGBT+ young people can thrive.
In closing, I want to express my heartfelt thanks to our staff, our ambassadors, our trustees and other volunteers, our corporate and school partners and our wider supporters for their unwavering dedication and contributions. Together, we will continue to champion equality, amplify voices, and shape a brighter future for LGBT+ young people across the UK.
## Daniel J Gerring
.............................. Daniel Gerring **Chair of Trustees**
Date: 16 June 2025
- 1 -
## **JUST LIKE US**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
The trustees present their report with the financial statements of the charity for the year ended 31 August 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities 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)".
## **Objectives and activities**
## Just Like Us’ charitable objectives as declared in our Constitution are:
The promotion for the public benefit of equality and diversity and in particular on the grounds of sexual orientation and/or gender identity by:
- a. The elimination of prejudice and discrimination on the grounds of sexual orientation and/or gender identity in educational institutions;
- b. Advancing education and raising awareness around lesbian, gay, bisexual and transgender (LGBT+) equality and diversity; and,
- c. Promoting and supporting activities to build understanding and respect for LGBT+ young people among heterosexual or cisgender people.
The trustees take action to monitor and ensure that the charity acts to further these objectives in all its activities.
## _Vision and mission_
Just Like Us (JLU) is the LGBT+ charity for young people working for a world where LGBT+ young people live awesome lives. Our mission is to empower young people to champion LGBT+ equality.
## _Public benefit_
The trustees have referred to the Charity Commission's guidance on public benefit — including 'Public benefit: the public benefit requirement (PB1)' and 'Public benefit: running a charity (PB2)' — when reviewing the charity's aims and objectives and in planning its current and future activities.
The achievements and activities outlined in this report demonstrate the public benefit arising from the charity's activities.
- 2 -
## **JUST LIKE US**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **Key Activities**
## **Ambassador Programme and School Talks**
Just Like Us trains LGBT+ 18 to 25 year olds across the UK to speak in schools about LGBT+ allyship and provides a range of other activities such as skills workshops, panel and media speaking opportunities, and a mentoring scheme. The programme ultimately empowers LGBT+ young adults to use their voice, develop skills and find community.
Just Like Us’ research found that a quarter of LGBT+ young adults aged 18-25 go back into the closet at work. Our mentoring scheme, through corporate partner support, pairs our ambassadors with mentors who are senior LGBT+ professionals and experts in their field to empower them to be their authentic selves when navigating the workplace.
We now have our largest network of 18-25 year old ambassadors to date, with 443 LGBT+ young people trained across the UK. We trained 227 new ambassadors against a target of 200, with training sessions throughout the year held in London, Manchester, Cardiff, Birmingham, Newcastle and online.
In ambassador diversity, we exceeded last year’s numbers for ambassadors who are people of colour, disabled, of faith, eligible for Free School Meals when at school, non-cis and not attending university.
247 places at skills workshops were taken up by ambassadors in 2023-24. This included CV and interview workshops, a leadership day, a public speaking session, article writing, media training and workshops with UK Parliament, Show Racism the Red Card and Mind Out. In addition, 52 media pieces were written by ambassadors and 67 were paired with a mentor.
55,584 pupils saw ambassadors deliver a Just Like Us talk this year. Of the 375 School Talks delivered to 232 different schools, 218 (58%) were online and 157 (42%) were in-person.
Of the 232 staff from 124 schools surveyed, 88% (204) agreed that talks had increased the understanding of LGBT+ people and their lives amongst their pupils.
||**2021**|**2022**|**2023**|**2024**|
|---|---|---|---|---|
|Number of pupils reached|18,259|65,307|80,884|55,584|
## **Pride Groups**
A Pride Group is a lunchtime or after school club that provides a safe place for LGBT+ and ally young people to meet, learn and get support. Our Pride Groups programme supports secondary schools to set up and/or run their own Pride Group by providing training for school staff and pupil leaders, regular resources as well as posters and toolkit guides, interactive pupil projects, and access to a community network of participating school staff to facilitate peer support.
We have worked with 410 schools on the Pride Groups programme in 2023-24. It has been a year of rapid change for Pride Groups, as the National Lottery funding enabled us to maximise the programme with more resources and to try new approaches. In particular, we were able to recruit a new Education Officer into the team and secure qualitative external evaluation by the University of Derby. In addition, we piloted an “Allies Week”in January 2024 with 21 schools taking part.
We have spent considerable time this year reviewing the programme for 2024-25. We aim to offer the programme for free to schools to provide vital safe spaces for LGBT+ and ally pupils, with continued funding from the National Lottery until summer 2026.
- 3 -
## **JUST LIKE US**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **School Diversity Week**
Every June, Just Like Us provides free educational resources to enable teachers to take part in the UK-wide celebration of LGBT+ equality in primary and secondary schools. The resources include subject-specific lesson plans to align with the curriculum in England, Wales and Scotland as well as posters, videos, assembly slides and interactive activities so that schools are able to participate in a way that suits them and show their young people that being LGBT+ is something to be celebrated.
2024 has been our biggest year yet for School Diversity Week, as 73% of secondary schools and 12% of primary schools in the UK are now signed up. This means we have reached 7,468 schools, 10,090 school staff and an estimated 4,747,918 pupils.
We’ve particularly focused on reaching faith schools, Welsh and Scottish schools. We are now working with 1,435 faith schools, 266 Welsh schools and 210 Scottish schools.
In total, there are now 150 unique educational resources live on the website portal, and this year we had 38,241 total unique downloads. New resources this year included: updated reading list and poster packs; Anti-Bullying Week and LGBT+ History Month assemblies; School Diversity Week assemblies for primary and secondary schools in Welsh; primary curriculum resources on Elmer and the Rainbow and secondary curriculum resources on poetry, geography and the changing position of LGBT+ people in history.
For the first time, Just Like Us staff visited schools throughout the week; our CEO delivered an assembly, as did our patron Lauren Rowles, and Elmer the Elephant visited a primary school in west London.
The trustees would like to thank all volunteers for their time and skills given to Just Like Us to ensure more LGBT+ young people can thrive.
## _Fundraising practices_
We rely on public donations to make our work possible, and remain hugely grateful to the generosity and commitment of all our supporters for helping us to raise vital funds.
We are committed to good fundraising practice and adhere to the Fundraising Regulator’s Code of Fundraising practice, of which we are members. We champion the Fundraising Promise ensuring that our fundraising is legal, open, honest, and respectful.
We invest in a number of different fundraising practices including fundraising from individuals, trusts and foundations, companies, schools and events including challenge events where we work with third parties. We do not carry out door-todoor, street, private site, or telephone fundraising. We do work with commercial partners and are committed to ensuring and monitoring the ongoing compliance of third parties with the Fundraising Code of Practice and the law. All third-party work is governed by a contract or terms and conditions which set out the obligations of the parties involved.
We want to ensure that all of our supporters have a positive experience. We comply with General Data Protection Regulations and always ensure we respect the privacy and contact preferences of all our donors. We believe that no one should ever feel pressured into giving and take steps to ensure that the vulnerable are protected.
We respond promptly to requests to cease contact or to complaints. In line with our complaints policy, we ensure that all complaints are listened to and investigated thoroughly, addressed within an appropriate and timely manner, handled in confidence, and used to inform best practice. We received no complaints for our fundraising practices in 2023-24.
We are grateful to everyone who has supported our work, and would like to thank our generous and loyal supporters. Thank you to our volunteers who have been so generous with their time, the fundraisers who gave their time and energy to raise money for Just Like Us, and all of those who have kindly given donations and wish to remain anonymous.
- 4 -
## **JUST LIKE US**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **Financial review**
## _Financial position_
The accounts show a surplus of £75,622 during the 12-month period to 31 August 2024 (2023: £8,864). Income was £1,307,096 compared to £1,112,349 in the 2022-23 reporting period and expenditure for the year was £1,231,474 compared to £1,103,485. In addition to an expansion in our activities in the year, as outlined in the rest of this report, the increase in our income and expenditure has also been driven by a significant increase in in-kind support received by the charity, totalling £242,055 (2023: £198,732).
Despite facing a growing cost of living crisis and an increased hostile environment surrounding LGBT+ young people, Just Like Us has continued to increase its income and has been very fortunate to benefit from the support of companies, trusts, foundations, and individual donors, whose generosity enable us to continue meeting the needs of LGBT+ young people across the UK.
## _Going concern_
The accounts have been prepared on the assumption that the charity is able to continue as a going concern. However, the transphobic climate and the cost-of-living crisis are both likely to continue to impact the global economy and may in turn affect the charity’s fundraising in the coming year.
The trustees have considered the impact of this issue on the charity’s current and future financial position. At 31 August 2024, the charity held a cash balance of £292,718 and 5 months of free reserves (as detailed below). For this reason, the trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.
## _Reserves policy_
As of 31 August 2024, total funds held by the charity were £513,182 (2023: £437,560), of which £25,083 was restricted (2023: £54,709) and £488,099 was unrestricted (2023: £382,851).
Total free reserves (unrestricted reserves less the value of unrestricted fixed assets but inclusive of fixed asset investments) were £450,052 (2023: £337,592). The trustees review the reserves policy annually and current policy is an aspirational target of 6 months’ and a minimum of 3 months’ expenditure to provide financial safety during the cost of living crisis.
Against budgeted expenditure of £1,099,608 for the 2024-25 financial year, free reserves represented just under 5 months of expenditure at 31 August 2024. The trustees are therefore satisfied with the level of reserves held, while also aiming to increase this over the course of the 2024-25 year.
## _Principal funding sources_
## _**Charitable trusts and foundations**_
In 2023-24, we received generous support from the following trusts and foundations: The National Lottery Community Fund, Deloitte, Christopher Graham-Bell Charitable Trust, Wellington Management UK Foundation, Paul Hamlyn Foundation, BlackRock Fund and John Lewis Partnership Foundation.
## _**Corporate donations and sponsorship**_
We also received generous support from a number of corporate supporters including Deloitte, Salesforce, Legal & General, Tesco, OC&C Strategy Consultants, Travers Smith, BlackRock Gives, JPMorgan Chase & Co., iCandy, Addleshaw Goddard and John Lewis Partnership Foundation. Additionally, Garnier released promotional packs of one of their best-selling lines and Eylure launched a new all year round rainbow lash, all in support of Just Like Us.
- 5 -
## **JUST LIKE US**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## _**In-kind support**_
Just Like Us would like to thank Deloitte and Salesforce for pro-bono consultancy support, JCDecaux and OpenMedia for their advertising support, and Travers Smith for their ongoing legal support.
## _**Individual donors**_
Generous donations from our major donors, primarily through our Founders’ Circle initiative, provides us with regular, sustainable support alongside a significant number of individuals who provide monthly and one-off donations, enabling us to support more LGBT+ young people.
## **Plans for future periods**
In 2024-25 and beyond Just Like Us’ programmes will continue to expand. To support this development we will continue strengthening our internal systems and processes and reviewing our policies to support a more mature organisation. We will increase the learning and development opportunities to support staff and trustee recruitment, retention, expertise and capacity; ensuring a robust and sustainable future. We will review the risk management register and improve our due diligence process.
## _**Ambassador Programme**_
We will continue to improve our regional presence to attract and train a larger and more diverse pool of LGBT+ young people across the UK. We will lean into the programme objectives - ‘Use your voice, develop skills and find community’ - to increase our position as a youth centered organisation. We will also launch an Ambassador Alumni network to allow previous ambassadors to continue to support Just Like Us’ mission and objectives.
## _**School Talks**_
We will continue to streamline our processes and programme based on feedback from pupils, teachers and ambassadors. We will also continue to offer schools talks that reflect key moments in the calendar (Anti-Bullying Week, LGBT+ History Month, Pride Month) and continue to support ambassadors to deliver talks in hundreds of schools.
## _**School Diversity Week**_
We will build on our continued success, ensuring more schools across the UK, as well as more individual teachers within those schools, sign up to this programme. We will engage with parents and support even more primary schools than ever before. We will continue to improve our SEND inclusive resources and resources for faith school communities and Welsh schools (including bilingual Welsh-English resources).
## _**Pride Groups**_
With the support of the National Lottery Bringing Communities Together funding and researchers at the University of Derby, we will continually evaluate and improve the Pride Groups programme. We will simplify the membership joining process and implement a range of bespoke subscription options to expand reach.
## _**Fundraising**_
In order to support the organisation’s objectives, values and financial sustainability we will continue growing our fundraised income, with a focus on diversifying our income. We will develop a clear and strategic approach to our Individual Giving and Community fundraising, as well as continuing to grow and develop our Major Gifts programme, Trusts and Corporate Partnerships.
## _**Patrons**_
We will establish a fully operational Patrons' Programme to support our partnerships, reach and gravitas.
## **Structure, governance and management**
## **Governing document**
The charity Just Like Us is a Charitable Incorporated Organisation, registered on 18 January 2016 and is controlled by its governing document, a constitution. The charity is governed by a board of trustees who meet regularly during the year.
- 6 -
## **JUST LIKE US**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
The trustees who served during the year and up to the date of signature of the financial statements were:
G Bowen C Paouros R Smith D J Gerring T Ramsey N Christie-Miller S Morton
(Appointed 21 August 2024) (Appointed 21 August 2024)
## _Recruitment and appointment of trustees_
In the year to August 2024, the charity was managed by the board of trustees selected on their commitment to their charitable objectives and relevant skills. When selecting trustees, Just Like Us aims to ensure there is a broad range of relevant skills and will endeavour to review this and appoint new trustees in 2024-25.
Trustees are appointed after interviews with existing trustees and a formal induction to ensure they understand our vision, mission and values. Trustees are subject to Disclosure and Barring Service checks where applicable.
## _Remuneration policy_
Remuneration for the key personnel is derived by benchmarking the role with a view to paying the market rate. The benchmarked salaries are reviewed and agreed by the trustees.
## **Diversity**
Just Like Us is committed to the diversity of our workforce, volunteers and beneficiaries. We believe that we have a duty to represent the communities we seek to serve. Just Like Us aims to conduct an annual review to address underrepresentation.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees' report was approved by the Board of Trustees.
## Daniel J Gerring
..............................
D J Gerring **Chair - Trustee**
Date: 16 June 2025
- 7 -
## **JUST LIKE US**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
The trustees are responsible for preparing the Trustees' Report and the financial statements 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 trustees to prepare financial statements 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 financial statements, 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 financial statements; and
- prepare the financial statements 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 financial statements 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
## **Auditors**
Godfrey Wilson Limited were appointed as auditors to the charity during the year and have expressed their willingness to continue in that capacity.
On behalf of the board:
## Daniel J Gerring
.............................. D J Gerring
Date: 16 June 2025
- 8 -
## **JUST LIKE US**
## **INDEPENDENT AUDITOR'S REPORT**
## **TO THE TRUSTEES OF JUST LIKE US**
## **Opinion**
We have audited the financial statements of Just Like Us (the 'charity') for the year ended 31 August 2024 which comprise the statement of financial activities, balance sheet, statement of cash flows and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
## In our opinion, the financial statements:
- give a true and fair view of the state of the charity’s affairs as at 31 August 2024 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
- 9 -
## **JUST LIKE US**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)**
## **TO THE TRUSTEES OF JUST LIKE US**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report. We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity’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 the trustees either intend to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
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 an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a 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 the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The procedures we carried out and the extent to which they are capable of detecting irregularities, including fraud, are detailed below:
(1) We obtained an understanding of the legal and regulatory framework that the charity operates in, and assessed the risk of non-compliance with applicable laws and regulations. Throughout the audit, we remained alert to possible indications of noncompliance.
(2) We reviewed the charity’s policies and procedures in relation to:
- Identifying, evaluating and complying with laws and regulations, and whether they were aware of any instances of non-compliance;
- Detecting and responding to the risk of fraud, and whether they were aware of any actual, suspected or alleged fraud; and
- Designing and implementing internal controls to mitigate the risk of non-compliance with laws and regulations, including fraud.
(3) We inspected the minutes of trustee meetings.
(4) We enquired about any non-routine communication with regulators and reviewed any reports made to them.
(5) We reviewed the financial statement disclosures and assessed their compliance with applicable laws and regulations.
(6) We performed analytical procedures to identify any unusual or unexpected transactions or balances that may indicate a risk of material fraud or error.
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## **JUST LIKE US**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)**
## **TO THE TRUSTEES OF JUST LIKE US**
(7) We assessed the risk of fraud through management override of controls and carried out procedures to address this risk. Our procedures included:
- Testing the appropriateness of journal entries;
- Assessing judgements and accounting estimates for potential bias;
- Reviewing related party transactions; and
- Testing transactions that are unusual or outside the normal course of business
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. Irregularities that arise due to fraud can be even harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
## **Use of our report**
This report is made solely to the charityʼs trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charityʼs trustees those matters we are required to state to them in an auditorʼs 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 charity and the charityʼs trustees as a body, for our audit work, for this report, or for the opinions we have formed.
## Godfrey Wilson Limited
## Date: 17 June 2025
## **GODFREY WILSON LIMITED**
Chartered accountants and statutory auditors 5th Floor Mariner House
62 Prince Street Bristol BS1 4QD
Godfrey Wilson Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
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## **JUST LIKE US**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
|**Unrestricted**
**funds**
**2024**
**Notes**
**£**
**Income from:**
Donations and legacies
**3**
679,417
Charitable activities
**4**
67,037
Other trading activities
**5**
200,660
Investments
9,201
**Total income**
956,315
**Expenditure on:**
Raising funds
**6**
145,908
Charitable activities
**7**
678,290
Total expenditure
824,198
**Net income/(expenditure) before**
**taxation**
132,117
Tax payable
**12**
26,869
**Net**
**income/(expenditure)**
**and net movement in**
**funds**
**9**
105,248
**Reconciliation of funds:**
Fund balances at 1 September
2023
382,851
**Fund balances at 31 August 2024**
488,099|**Restricted**
**funds**
**2024**
**£**
350,781
-
-
-
350,781
27,868
352,539
380,407
(29,626)
-
(29,626)
54,709
25,083|**Total**
**Unrestricted**
**funds**
**2024**
**2023**
**£**
**£**
_Restated_
1,030,198
581,907
67,037
69,584
200,660
232,902
9,201
5,812
1,307,096
890,205
173,776
190,905
1,030,829
649,151
1,204,605
840,056
102,491
50,149
26,869
20,743
75,622
29,406
437,560
353,445
513,182
382,851|**Restricted**
**funds**
**2023**
**£**
_Restated_
222,144
-
-
-
222,144
21,441
221,245
242,686
(20,542)
-
(20,542)
75,251
54,709|**Total**
**2023**
**£**
_Restated_
804,051
69,584
232,902
5,812|
|---|---|---|---|---|
|||||1,112,349|
|||||212,346
870,396|
|||||1,082,742|
|||||29,607
20,743|
|||||8,864
428,696|
|||||437,560|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Prior period income and expenditure have been reclassified to reflect the requirements of the Charities SORP (FRS102) and to be comparable with the current year. The restatement of income is purely a reclassification of income and does not affect total income. A further restatement of tax payable has been made, affecting net income. The reclassifications are disclosed in note 24.
- 12 -
## **JUST LIKE US**
## **BALANCE SHEET**
## _**AS AT 31 AUGUST 2024**_
|**Notes**
**Fixed assets**
Intangible assets
**13**
Tangible assets
**14**
Investments
**15**
**Current assets**
Debtors
**16**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**17**
**Net current assets**
**Total assets less current liabilities**
**The funds of the charity**
Restricted funds
**19**
Unrestricted funds
**20**|**2024**
**£**
142,436
292,718
435,154
140,019|**£**
34,625
3,422
180,000
218,047
295,135
513,182
25,083
488,099
513,182|**2023**
_as restated_
**£**
119,788
227,926
347,714
135,413|**£**
39,675
5,584
180,000|
|---|---|---|---|---|
|||||225,259
212,301|
|||||437,560|
|||||54,709
382,851|
|||||437,560|
The financial statements were approved by the trustees on 16 June 2025
## Daniel J Gerring
..............................
D J Gerring
**Chair - Trustee**
- 13 -
## **JUST LIKE US**
## **STATEMENT OF CASH FLOWS**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
|**Notes**
**25**
**Cash flows from operating activities**
Cash generated from operations
**Investing activities**
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed assets
Investment income received
**Net cash generated from investing activities**
**Net increase in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2024**
**£**
(367)
-
9,201|**£**
55,958
8,834
64,792
227,926
292,718|**2023**
**£**
**£**
_Restated_
_Restated_
68,711
(4,289)
136
5,812
1,659
70,370
157,556
227,926|**2023**
**£**
**£**
_Restated_
_Restated_
68,711
(4,289)
136
5,812
1,659
70,370
157,556
227,926|
|---|---|---|---|---|
|||||227,926|
The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.
- 14 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **1 Accounting policies**
## **Charity information**
Just Like Us is a Charitable Incorporated Organisation registered in England and Wales. The registered office is 10 Snow Hill, London, EC1A 2AL.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
## **1.2 Going concern**
At the time of approving the financial statements and having a due regard to the impact of the economic climate, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Therefore, the Trustees continue to adopt the Going Concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **1.4 Income**
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.
## **Donations**
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## **Donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over them, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
- 15 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **1 Accounting policies**
**(Continued)**
## **Grants**
Income from government and other grants, whether 'capital' grants or 'revenue' grants, are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably.
Where the charity determines that a grant agreement does not impose specified future performance-related conditions income is recognised when the grant proceeds are received or receivable.
Where the charity determines that a grant agreement imposes specified future performance-related conditions, funds are initially recognised as deferred income within creditors and released to income as the conditions are met and the charity has entitlement to the funds.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **Support and governance costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity's activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities in the same proportion as staff costs.
||**2024**|**2023**|**2022**|
|---|---|---|---|
|Raising Funds|16%|23%|20%|
|Charitable Activities|84%|77%|80%|
## **1.6 Intangible fixed assets other than goodwill**
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Software
10% on cost
- 16 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.7 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer Equipment 25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.8 Fixed asset investments**
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date. Any change in fair value will be recognised in the statement of financial activities. Investment gains and losses, whether realised or unrealised, are combined and shown in statement of financial activities. The charity does not acquire put options, derivatives or other complex financial instruments.
## **1.9 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.
## **1.10 Financial instruments Basic financial assets**
Basic financial assets, which includes debtors 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 present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## **Basic financial liabilities**
Basic financial liabilities, including creditors and bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.
## **1.11 Retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
- 17 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.12 Leases**
Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees 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.
## **Critical judgements:**
## **Donated goods and services**
The trustees have exercised judgement in relation to the recognition of donated goods and services in the year ended 31 August 2024 and note that the value recognised in the year has a material effect on the financial statements.
The need for judgement has arisen in relation to the valuation of goods and services received by charity. In line with the Charities SORP "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)", the trustees are required to recognise such gifts on the basis of the value to the charity and with reference to the amount the charity would pay in the open market for an alternative item of similar benefit.
The trustees note that donated goods and services received in the year largely relate to donated consultancy and legal services from businesses which are considered market leaders in their areas of expertise and therefore command high fees. It is also noted that volume of donated services received exceed those usually obtained by a similarly sized charity and are a result of the charity's strong corporate partnerships with the donors.
It is acknowledged that the charity, should it have procured these services independently, would have spent less on consultancy and legal advice. However, the trustees have considered whether, given the high quality of services actually received, it would be accurate to consider the alternative cheaper services it may have procured as items of _similar benefit._ In view of the higher quality of the services received, the trustees have therefore judged that the donated services should be recognised per the billable values provided by the donors which reflect the true value to the charity of the services received.
## **Key sources of estimation uncertainty**
As noted above, a key area of estimation uncertainty relates to the value of donated goods and services. The trustees note that in order to reach a valuation for the financial statements they have relied on detailed information from the donors which outline the billable value of the services received. The trustees consider these valuations to be sufficiently accurate for inclusion in the financial statements as they have been vouched for by the donors and have been considered in relation to equivalent market rates for services of similar quality and value.
- 18 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **3 Income from donations and legacies**
|**Unrestricted**
**funds**
**2024**
**£**
Donations and gifts
319,594
Grants
117,768
Donated goods and services
242,055
679,417
**Donations and gifts**
Corporate donations
148,968
Donations from individuals
160,782
Donations from schools
9,844
319,594|**Restricted**
**funds**
**2024**
**£**
-
350,781
-
350,781
-
-
-
-|**Total**
**Unrestricted**
**funds**
**2024**
**2023**
**£**
**£**
_Restated_
319,594
323,175
468,549
60,000
242,055
198,732
1,030,198
581,907
148,968
127,096
160,782
185,833
9,844
10,246
319,594
323,175|**Restricted**
**funds**
**2023**
**£**
_Restated_
3,500
218,644
-
222,144
3,500
-
-
3,500|**Total**
**2023**
**£**
_Restated_
326,675
278,644
198,732|
|---|---|---|---|---|
|||||804,051|
|||||130,596
185,833
10,246|
|||||326,675|
## **Donated goods and services**
Donated goods and services recognised in the year relate to donated legal and consultancy services. The key judgements and accounting estimates made by the trustees in relation to donated goods and services are explained in note 2 to the financial statements.
## **4 Income from charitable activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|||_Restated_|
|**Promotion of equality and diversity**|||
|Pride Groups|24,847|28,261|
|School talks|36,389|40,890|
|Other|5,801|433|
||67,037|69,584|
- 19 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **5 Income from other trading activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|||_Restated_|
|Sponsorships and commercial participation|198,106|202,374|
|Founders' Circle|596|962|
|Fundraising events|-|24,990|
|Rainbow Ribbons|1,958|4,576|
|Other trading activities|200,660|232,902|
## **6 Expenditure on raising funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**Fundraising and publicity**
Staging fundraising events
2,168
-
Consultants
4,955
-
Other fundraising costs
2,920
-
Staff costs
65,085
27,868
Support costs
70,780
-
145,908
27,868|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
2,168
10,445
-
4,955
-
-
2,920
3,460
-
92,953
100,569
18,750
70,780
76,431
2,691
173,776
190,905
21,441|**Total**
**2023**
**£**
10,445
-
3,460
119,319
79,122|
|---|---|---|
|||212,346|
- 20 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **7 Expenditure on charitable activities**
||**Promotion of**|**Promotion of**|
|---|---|---|
||**equality and**|**equality and**|
||**diversity**|**diversity**|
||**2024**|**2023**|
||**£**|**£**|
|**Direct costs**|||
|Staff costs|506,406|407,738|
|Awareness campaigns & communications|81,987|120,750|
|Volunteering programme|40,142|17,424|
|Education programme|34,964|21,330|
||663,499|567,242|
|**Share of support and governance costs (see note 8)**|||
|Support|337,430|284,043|
|Governance|29,900|19,111|
||1,030,829|870,396|
|**Analysis by fund**|||
|Unrestricted funds|678,290|649,151|
|Restricted funds|352,539|221,245|
||1,030,829|870,396|
- 21 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **8 Support costs allocated to activities**
|Staff costs
Depreciation
Computer and website
Office and admin costs
Professional services
Other staff costs
Insurance
Rent
Irrecoverable VAT
Travel and subsistence
Bank charges
Governance costs
**Analysed between:**
Fundraising
Promotion of equality and diversity
**Governance costs comprise:**
Audit fees
Accountancy fees
**9**
**Net movement in funds**
Net movement in funds is stated after charging/(crediting)
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
Loss on disposal of tangible fixed assets
Amortisation of intangible assets
Operating lease charges|**2024**
**£**
67,024
7,580
20,517
23,297
213,753
1,020
1,881
42,471
26,874
3,279
514
29,900
438,110
70,780
367,330
438,110
**2024**
**£**
9,000
20,900
29,900
**2024**
**£**
9,000
2,530
-
5,050
40,301|**2023**
**£**
22,630
7,719
24,114
40,336
170,102
360
1,994
43,739
32,470
10,967
3,344
24,501|
|---|---|---|
|||382,276|
|||79,122
303,154|
|||382,276|
|||**2023**
**£**
8,500
16,001|
|||24,501|
|||**2023**
**£**
8,500
2,669
136
5,050
14,330|
- 22 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **10 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
## **11 Employees**
The average monthly number of employees during the year was:
|Programme and admin staff
**Employment costs**
Wages and salaries
Social security costs
Other pension costs
The number of employees whose annual remuneration was more than £60,000 is as
follows:
£60,000 - £69,999|**2024**
**Number**
14
**2024**
**£**
583,772
56,459
26,152
666,383
**2024**
**Number**
1|**2023**
**Number**
13|
|---|---|---|
|||**2023**
**£**
484,612
44,782
20,293|
|||549,687|
|||**2023**
**Number**
-|
## **Remuneration of key management personnel**
The key management personnel of the Charity consists of the Board of Trustees and the CEO, Director of Development and Director of Programmes. The Trustees receive no remuneration or benefits. The total benefits received by key management personnel in the year was £268,124 (2023: £196,551).
- 23 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
|**12**
**Taxation**
UK corporation tax on profits for the current period
Total UK current tax
Total current tax
**13**
**Intangible fixed assets**
**Cost**
At 1 September 2023 and 31 August 2024
**Amortisation and impairment**
At 1 September 2023
Amortisation charged for the year
At 31 August 2024
**Carrying amount**
At 31 August 2024
At 31 August 2023|**2024**
**2023**
**£**
**£**
26,869
20,743
26,869
20,743
26,869
20,743
**Software**
**£**
50,500
10,825
5,050
15,875
34,625
39,675|**2023**
**£**
20,743|
|---|---|---|
|||20,743|
|||20,743|
|||10,825
5,050|
|||15,875|
|||34,625|
|||39,675|
- 24 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
|**14**
**Tangible fixed assets**
**Cost**
At 1 September 2023
Additions
At 31 August 2024
**Depreciation and impairment**
At 1 September 2023
Depreciation charged in the year
At 31 August 2024
**Carrying amount**
At 31 August 2024
At 31 August 2023
**15**
**Fixed asset investments**
**Cost or valuation**
At 1 September 2023 & 31 August 2024
**Carrying amount**
At 31 August 2024
At 31 August 2023
**16**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income|**Computer**
**Equipment**
**£**
10,400
367
10,767
4,815
2,530
7,345
3,422
5,584
**CCLA Deposit**
**Account**
**£**
180,000
180,000
180,000
**2024**
**2023**
**£**
**£**
100,801
96,547
9,922
117
31,713
23,124
142,436
119,788|**Computer**
**Equipment**
**£**
10,400
367
10,767
4,815
2,530
7,345
3,422
5,584
**CCLA Deposit**
**Account**
**£**
180,000
180,000
180,000
**2024**
**2023**
**£**
**£**
100,801
96,547
9,922
117
31,713
23,124
142,436
119,788|
|---|---|---|
|||180,000|
|||180,000|
|||**2023**
**£**
96,547
117
23,124|
|||119,788|
- 25 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **17 Creditors: amounts falling due within one year**
|**Notes**
Corporation tax payable
Other taxation and social security
Deferred income
**18**
Trade creditors
Other creditors
Accrued expenses|**2024**
**2023**
**£**
**£**
_Restated_
47,612
20,743
23,216
22,892
4,675
11,775
12,714
26,224
3,692
3,539
48,110
50,240
140,019
135,413|**2024**
**2023**
**£**
**£**
_Restated_
47,612
20,743
23,216
22,892
4,675
11,775
12,714
26,224
3,692
3,539
48,110
50,240
140,019
135,413|
|---|---|---|
|||135,413|
|**18**|**Deferred income**|||
|---|---|---|---|
|||**2024**|**2023**|
|||**£**|**£**|
||Deferred income|4,675|11,775|
Deferred income is included in the financial statements as follows:
The value of income received in the year ended 31 August 2024 relating to school talks that will be delivered after the balance sheet date is recognised as deferred income in creditors. In the year ended 31 August 2023, the balance recognised as deferred income in creditors related to school talks and services to corporate partners due to be delivered after the balance sheet date.
|Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 September 2023
Released from previous periods
Resources deferred in the year
Deferred income at 31 August 2024|**2024**
**£**
4,675
11,775
(11,775)
4,675
4,675|**2023**
**£**
11,775|
|---|---|---|
|||38,763
(38,763)
11,775|
|||11,775|
- 26 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **19 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At 1 September**|**Incoming**|**Resources**|**At 31 August**|
|---|---|---|---|---|
||**2023**|**resources**|**expended**|**2024**|
||**£**|**£**|**£**|**£**|
|National Lottery Community Fund - Pride Groups|993|138,588|(128,629)|10,952|
|Paul Hamlyn Foundation|13,000|66,500|(68,380)|11,120|
|Wellington Management UK Foundation|-|35,000|(35,000)|-|
|Nicholas Berwin Charitable Trust|1,250|-|(1,250)|-|
|National Lottery Awards for All - Wales|-|20,000|(16,989)|3,011|
|Esmée Fairbairn Foundation|32,999|-|(32,999)|-|
|Tides Foundation|1,717|15,693|(17,410)|-|
|Deloitte|-|50,000|(50,000)|-|
|Christopher Graham-Bell Charitable Trust|1,250|15,000|(16,250)|-|
|M&G Community Fund|3,500|-|(3,500)|-|
|Iris Page Foundation|-|10,000|(10,000)|-|
||54,709|350,781|(380,407)|25,083|
|**Previous year:**|**At 1 September**|**Incoming**|**Resources**|**At 31 August**|
||**2022**|**resources**|**expended**|**2023**|
||**£**|**£**|**£**|**£**|
|National Lottery Community Fund - Pride Groups|-|2,500|(1,507)|993|
|Paul Hamlyn Foundation|10,000|33,000|(30,000)|13,000|
|Wellington Management UK Foundation|2,442|50,000|(52,442)|-|
|Nicholas Berwin Charitable Trust|1,250|15,000|(15,000)|1,250|
|National Lottery Awards for All - Wales|10,000|-|(10,000)|-|
|Esmée Fairbairn Foundation|21,983|48,000|(36,984)|32,999|
|JP Morgan Chase|24,018|-|(24,018)|-|
|Tides Foundation|5,558|17,144|(20,985)|1,717|
|Talent Fund|-|5,000|(5,000)|-|
|Paul Cottingham Trust|-|8,000|(8,000)|-|
|Deloitte|-|25,000|(25,000)|-|
|Christopher Graham-Bell Charitable Trust|-|15,000|(13,750)|1,250|
|M&G Community Fund|-|3,500|-|3,500|
||75,251|222,144|(242,686)|54,709|
- 27 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **19 Restricted funds**
**(Continued)**
## **National Lottery Community Fund - Pride Groups**
This funding supports activities associated with the running of the Charity's Pride Groups Programme, including resource development, teacher training, marketing and a new officer role.
## **Paul Hamlyn Foundation**
This funding supports the charity's Ambassador Programme, including the recruitment, training and support of LGBT+ volunteers aged 18-25 across England and Wales.
## **Wellington Management UK Foundation**
This funding supports the Charity's outputs across its Pride Groups and Ambassador Programmes and the delivery of School Talks.
## **Nicholas Berwin Charitable Trust**
This funding to supports the staff within our Development team.
## **National Lottery Awards for All - Wales**
This is grant funding to support the recruitment of more LGBT+ volunteers in Wales and the Charity's work with Welsh schools.
## **Esmée Fairbairn Foundation**
This funding supports the diversity of the Charity's Ambassador Programme and the provision of skills workshops to the Charity's volunteers.
## **JP Morgan Chase**
This funding supported the expansion of the charity's Pride Groups programme.
## **Tides Foundation**
This grant supports the Charity's the Ambassador Programme, including contributions to the costs of the Volunteer Manager and Volunteering Officer as well as an email and social media ambassador recruitment campaign.
## **Talent Fund**
This funding supported the expansion of all three of the Charity's core programmes - School Diversity Week, School Talks and Pride Groups.
## **Paul Cottingham Trust**
This funding enabled Ambassadors to receive media training and support to publish articles, sit on panels and speak to the media about their personal stories and Just Like Us.
## **Deloitte**
This funding supported the marketing and running of the Ambassador Programme.
## **Christopher Graham-Bell Charitable Trust**
This funding supported staff roles across the Charity's Education programmes.
## **M&G Community Fund**
This was funding for the Pride Groups Programme with a particular focus on its expansion further into Wales.
## **Iris Page Foundation**
This funding was for the Pride Group Programme with a particular focus on providing training, resources and ongoing support to educators and their students.
- 28 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **20 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used.
|**At 1 September**|**At 1 September**|**Incoming**|**Resources**|**Transfers**|**Tax payable**|**At 31 August**|
|---|---|---|---|---|---|---|
||**2023**|**resources**|**expended**|||**2024**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|General funds|382,851|956,315|(824,198)|-|(26,869)|488,099|
|**Previous year:**
**At 1 September**||**Incoming**|**Resources**|**Transfers**|**Tax payable**|**At 31 August**|
||**2022**|**resources**|**expended**|||**2023**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|||||||_Restated_|
|General funds|353,445|890,205|(840,056)|-|(20,743)|382,851|
|**Analysis of net assets between funds**|||||||
|||||**Unrestricted**|**Restricted**|**Total**|
|||||**funds**|**funds**||
|||||**2024**|**2024**|**2024**|
|||||**£**|**£**|**£**|
|**Fund balances at 31 August 2024 are**||**represented by:**|||||
|Intangible fixed assets||||34,625|-|34,625|
|Tangible assets||||3,422|-|3,422|
|Fixed asset investments||||180,000|-|180,000|
|Current assets/(liabilities)||||270,052|25,083|295,135|
|Net current assets/(liabilities)||||488,099|25,083|513,182|
|||||**Unrestricted**|**Restricted**|**Total**|
|||||**funds**|**funds**||
|||||**2023**|**2023**|**2023**|
|||||**£**|**£**|**£**|
|**Fund balances at 31 August 2023 are**||**represented by:**||||_Restated_|
|Intangible fixed assets||||39,675|-|39,675|
|Tangible assets||||5,584|-|5,584|
|Fixed asset investments||||180,000|-|180,000|
|Current assets/(liabilities)||||157,592|54,709|212,301|
|Net current assets/(liabilities)||||382,851|54,709|437,560|
## **21 Analysis of net assets between funds**
- 29 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **22 Operating lease commitments**
## **Lessee**
At the reporting end date the charity had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows:
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Within one year|8,145|8,145|
## **23 Related party transactions**
In the year ended 31 August 2024 the charity received income totalling £5,000 (2023: £7,000) - of which £5,000 (2023: £5,000) related to sponsorship of its mentoring programme and £Nil (2023: £2,000) was donated - and donated legal services valued at £85,857 (2023: £78,053) from Travers Smith LLP. Daniel Gerring is a partner of Travers Smith LLP and served on the board of the charity throughout the year.
- 30 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **24 Prior year restatement**
Following an internal review of the income sources, income in relation to the corporate partnerships in the prior year has been re-classified as other trading income. The net effect of this movement on unrestricted funds is £Nil.
The movement of this income on the SOFA is as follows:
|||**2023 Previous £**||**2024 Restated £**||**Adjustment £**|
|---|---|---|---|---|---|---|
||||||||
|Donations||373,175||323,175||50,000|
|Corporate partnerships||99,000||-||99,000|
|Sponsorship and commercial participation||53,374||202,374||(149,000)|
|Total||525,549||525,549||-|
The accounts have also been updated for the corporation tax payable on the corporate partnerships and other trading income as a result of the internal income review. The net effect of this movement in the funds is £20,743.
The movement in funds is shown below:
|||**2023 Previous £**||**2023 Restated £**||**Adjustment £**|
|---|---|---|---|---|---|---|
||||||||
|Unrestricted funds||403,594||382,851||(20,743)|
|Restricted funds||54,709||54,709||-|
|Total funds at 31 August 2023||458,303||437,560||(20,743)|
- 31 -
## **JUST LIKE US**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
|**25**
**Cash generated from operations**
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Amortisation and impairment of intangible assets
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase) in debtors
Increase in creditors
(Decrease) in deferred income
**Cash generated from operations**|**2024**
**£**
75,622
(9,201)
5,050
2,530
(22,648)
11,705
(7,100)
55,958|**2023**
**£**
8,864
(5,812)
5,050
2,669
(21,514)
106,442
(26,988)
68,711|
|---|---|---|
- 32 -