OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-06-30-accounts

REGISTERED COMPANY NUMBER: 12062786 (England and Wales) REGISTERED CHARITY NUMBER: 1198624

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Quality of Life Foundation

Quality of Life Foundation

Contents of the Financial Statements for the Year Ended 30 June 2025

Page
Report of the Trustees 1 to 14
Independent Examiner's Report 15 to 16
Statement of Financial Activities 17
Balance Sheet 18 to 19
Cash Flow Statement 20
Notes to the Cash Flow Statement 21
Notes to the Financial Statements 22 to 30
Detailed Statement of Financial Activities 31 to 32

Quality of Life Foundation

Report of the Trustees

for the Year Ended 30 June 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of 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 accounts have been prepared on a basis other than going concern. Accordingly, the accounts do not reflect adjustments that would be necessary if the charity were to continue in operation.

Foreword from the Chair of Trustees

Reflecting on 2024-25

As Chair of Trustees, I am pleased to introduce this annual report for the financial year of 2024-2025, which captures another year of ambitious and impactful work by the Quality of Life Foundation.

Our mission - to place health and wellbeing at the heart of how homes and neighbourhoods are planned, designed, and cared for - has never been more relevant. This year was marked by a change of government and an intensified national focus on housebuilding. This political shift presents both immense opportunities to embed our principles in new policy, and considerable challenges in ensuring quality is not sacrificed for pace and volume. The Foundation has navigated this new landscape well, proactively engaging with the government and the sector at large.

A highlight of the year was the launch of our 5-year strategy. This roadmap is the result of deep reflection and ambition, setting out how we will deliver measurable influence and sustainable impact over the coming half-decade. We also provided the sector with powerful new tools for best practice, including the launch of Framework 2.0 and the Code of Practice for Effective Community Consultation and Engagement. These resources directly support decision-makers in creating places that truly enhance people's lives.

Current transition

However, the Foundation, like many charities, faced an increasingly challenging financial environment. We reached the end of our National Lottery Growing Great Ideas grant during the year. While we secured an uplift that enabled us to consolidate our work and maintain our momentum, the Board has had to confront the reality of a lack of long-term, sustainable funding for core charitable activities.

After deep reflection, the Board of Trustees has made the decision to orderly wind down the charity and transition our work into a social enterprise consultancy model, operating through our established trading subsidiary.

This is not an end to our mission, but a strategic pivot to ensure its survival and growth. By transitioning to a social enterprise, we are moving away from grant dependency toward a self-sustaining, income-generating model; continuing to provide the built environment sector with the high-level consultancy and tools needed to deliver quality of life; and maintaining our purpose, to create healthier, more connected places.

We are immensely proud of the resilience and passion demonstrated by our team during the financial year 2024-25 and during our current transition. To our partners, funders, and collaborators: thank you for your steadfast support.

Page 1

Quality of Life Foundation

Report of the Trustees

for the Year Ended 30 June 2025

We invite you to join us in this next chapter. The legal structure of our organisation is changing, but our determination to champion the wellbeing of communities remains as steadfast as ever.

…………………………….

David Roberts, Chair

OBJECTIVES AND ACTIVITIES

Our vision and mission

The Quality of Life Foundation has a vision for homes and neighbourhoods that improve people's quality of life over the long term. And our mission is to make health and wellbeing central to the way we create and care for homes and neighbourhoods across the UK.

We do this by helping local communities, professionals and policy makers to plan, design, create and care for homes and neighbourhoods in ways that will benefit people's health and wellbeing in the long term. We carry out independent research, share evidence and support organisations to implement best practice in their work.

Our purpose

The Quality of Life Foundation exists to ensure that homes and neighbourhoods actively improve people's health and wellbeing over the long term. Our mission is to put health and wellbeing at the centre of how places are planned, designed, and cared for across the UK.

Our charitable objects

  1. The advancement of education in particular but not exclusively through conducting research and the publication of the useful results of such research, in relation to without limitation planning, design, construction, environmental sustainability, management and maintenance of new and existing housing development and the impact on human health and wellbeing of the built environment. We summarise this as: Building and sharing the evidence base.

  2. To support high standards and best practice in planning, design, construction, environmental sustainability and management in the built environment. We summarise this as: Supporting best practice across the built environment sector.

Page 2

Quality of Life Foundation

Report of the Trustees

for the Year Ended 30 June 2025

OBJECTIVES AND ACTIVITIES Public benefit

The principal activity of the Foundation during the year continued to be that of undertaking research and engagement projects and publishing information for public benefit openly available to organisations to help them implement best practice in their work.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 3

Quality of Life Foundation

Report of the Trustees

for the Year Ended 30 June 2025

Achievement and performance

An overview

The 2024-2025 financial year marked a pivotal period where the Quality of Life Foundation established its long-term vision and sharpened its toolkit to support the delivery of better homes and neighbourhoods across the UK. We delivered key strategic initiatives that ensure wellbeing is central to the nation's housing agenda.

We solidified our strategic direction with the launch of our new 5-year strategy, a clear and ambitious roadmap sets out how we will build on the successes we've seen since our inception in 2019. It described the future we want to see and explains the role we'll play in getting there, by working towards these key outcomes.

Given the recent decision to wind down the charity, but to continue the mission through a social enterprise, these strategic objectives will continue to drive the agenda for the new organisation.

  1. An enabling environment for prioritising health and wellbeing

The built environment industry, local and national government will actively prioritise health and wellbeing outcomes in the way homes and neighbourhoods are planned, designed, developed and operated.

2. Engaged and equitable communities

Communities will have more opportunities to inform decision-making about the places where they live at both a neighbourhood and regional level.

3. An evidence-based planning system

The built environment industry and government will use more health and wellbeing evidence in the planning and design of homes and places.

4. A stewardship plan for long term social impact in every place

More local authorities, developers and housing associations will establish stewardship plans to ensure a lasting positive impact for homes and neighbourhoods.

5. Consistent evaluation of long term health and wellbeing outcomes

The built environment industry will move towards consistent evaluation of health and wellbeing outcomes, with evaluation of outcomes considered the norm.

6. A resilient organisation

We will develop as a resilient organisation that people want to work with and for.

This strategy is designed to drive measurable influence by defining and measuring our success, and the government's, over the coming half-decade.

The new social enterprise will also build on work to strengthen our library of resources to support positive change in the built environment by releasing critical new tools:

Page 4

Quality of Life Foundation

Report of the Trustees

for the Year Ended 30 June 2025

Workstream 1: Research

Our team delivered a series of projects that significantly strengthened the evidence base, ensuring academic insights translate directly into policy and practice. By collaborating with academics and industry partners, our work remained relevant, credible, and focused on tangible outcomes for the sector.

Alongside our revised Quality of Life Framework 2.0. key projects and publications we delivered this year included:

Through these outputs, the Foundation ensured its research bridged the gap between academic theory and practical application, positioning quality of life at the core of major development and policy decisions.

Project spotlight: Building Health Equity

At a time of rising health inequalities across the UK, the Foundation collaborated with the UCL Institute of Health Equity (IHE) and Legal & General to publish Building Health Equity: the role of the property sector in improving health. This landmark report provided a comprehensive review of the impact of housing on health and developed a practical framework for the development industry.

What was the project?

The primary aim was to create a comprehensive review of the link between the built environment (specifically housing) and the creation of health equity in the UK. The project's target audience - developers, built environment practitioners, and health and planning professionals - received a series of recommendations based on our research and insights gathered from industry leaders.

What did we do?

Working alongside the IHE, whose team primarily led the desktop research and literature review, the Foundation's key role was to lead the stakeholder engagement and translate complex findings into a practical industry tool. Our process included:

Page 5

Quality of Life Foundation

Report of the Trustees

for the Year Ended 30 June 2025

Our added value

Our core expertise in working at the intersection of housing and health was vital. We brought essential experience in stakeholder engagement and project development to ensure the outputs were credible, actionable, and aligned with the operational realities of the built environment sector.

What was the impact?

The final report positioned the Foundation and its partners at the forefront of policy dialogue, providing the sector with a clear mandate and a practical tool to address health inequalities.

Workstream 2: Advocacy

Our Advocacy workstream focused on informing UK policy change, amplifying community voices, and ensuring our strategic tools are positioned to influence decision-making at a national level. We worked to embed quality of life considerations at the core of new policy and legislative agendas.

The year was marked by two strategic achievements: the full launch of our Code of Practice for Effective Community Consultation and Engagement, which provides a new, high standard for accountability and moves the sector beyond 'tick-box' engagement; and our contribution to shaping elements of the new National Planning Policy Framework (NPPF).

We worked with the Better Planning Coalition and submitted a comprehensive response to the Government's NPPF consultation, advocating for health and wellbeing to be formally addressed in plan-making. Our collective input was successfully reflected in the published NPPF through the revision of Paragraph 96. This crucial addition requires local planning authorities to consider how development can contribute to reducing health inequalities, marking a major step forward for quality-of-life principles in planning policy.

Key outputs and collaborative achievements included:

Project spotlight: Advocating for health in national planning policy

Our Advocacy workstream focused on driving systemic change within the national planning framework, ensuring that the creation of healthy places is a formal responsibility of the planning system. This strategic work led to tangible policy gains and positioned the Foundation as a key influencer in the debate over the future of the built environment.

Page 6

Quality of Life Foundation

Report of the Trustees

for the Year Ended 30 June 2025

What was the project?

The Foundation played a leading role in the Better Planning Coalition's health and wellbeing working group. The Coalition represents 34 organisations across the environment, housing, planning, heritage, and transport sectors, united in campaigning for a planning system fit for climate, nature, and people. Our specific goal was to advocate for planning to have a statutory duty to reduce health inequalities through the Levelling Up and Regeneration Bill (LURB) and the review of the National Planning Policy Framework (NPPF).

What did we do?

We used our evidence and expertise to advocate for change with government at multiple levels: - We actively campaigned for a LURB amendment requiring a statutory duty to reduce health inequalities. This involved providing briefings and speaking notes to Peers and MPs and meeting with civil servants in the Department for Levelling Up, Housing and Communities to explain the practical application of the amendment. The amendment achieved significant political attention, losing by only two votes in the House of Lords.

What was the impact?

In December 2024, the Government published its revised NPPF, featuring the addition of significant new wording in Paragraph 96:

"Planning policies and decisions should aim to achieve healthy, inclusive and safe places which… (c) enable and support healthy lives, through both promoting good health and preventing ill-health, especially where this would address identified local health and well-being needs and reduce health inequalities between the most and least deprived communities."

This language is closely aligned with the amendments and consultation responses we put forward through the Better Planning Coalition. While direct attribution is not possible, this outcome demonstrates the value of sustained systems change work.

Workstream 3: Consultancy

By engaging in consultancy work with organisations with different roles to play in the development of healthy places, we supported the adoption of best practices, helping them to understand and create environments that prioritise health, wellbeing, and long-term community benefits.

This year, our consultancy projects focused on embedding social value and long-term impact monitoring within major new developments and strategic planning:

Page 7

Quality of Life Foundation

Report of the Trustees

for the Year Ended 30 June 2025

These consultancy projects collectively demonstrate our commitment to embedding evidence and social impact into built environment decision-making. By creating robust, long-term monitoring frameworks, developing holistic social impact strategies (, and conducting iterative post-occupancy evaluations , we provide our clients with the data, indicators, and strategic clarity needed to move beyond traditional metrics.

This proactive, evidence-based approach ensures that planning, design, and construction decisions are directly informed by their potential to deliver measurable, positive social and community outcomes, thereby driving the creation of genuinely healthy and resilient places and supporting our charitable goals.

As the organisation changes and pursues its mission through a social enterprise consultancy, the experience gained in delivering these projects will be critical.

Project spotlight: Therme Manchester - social value strategy

The Foundation was commissioned by the Therme Group , alongside lead consultant Buro Happold, to help create a robust Social Impact Strategy for Therme Manchester, a major new urban wellbeing resort. This project exemplified our work in ensuring large-scale private development is explicitly linked to measurable social value and long-term community benefits.

What was the project?

The primary aim was to ensure the development's plans - covering design, construction, and the first two years of operation - were designed to deliver demonstrable social value. The work focused on improving individual, community, and environmental wellbeing by addressing specific local challenges:

What did we do?

We worked closely with Buro Happold to establish Therme Manchester's social value approach, following the process outlined by the UK Green Building Council's (UKGBC) framework. Our role involved acting as a bridge between the developer, the authorities, and local communities:

Page 8

Quality of Life Foundation

Report of the Trustees

for the Year Ended 30 June 2025

What was the impact?

We delivered key components of the overall strategy, providing a clear roadmap for the Therme Group to track and deliver on its social value commitments for the next five years.

The project directly led to Therme Group UK committing to supporting five high-level social value outcomes, including Creating skills and generating new jobs, Creating a healthy city, and Creating community participation, access and inclusion. This work ensured that the development's success will be measured not just by its financial performance, but by its demonstrable contribution to the wellbeing and health equity of the Greater Manchester area.

Financial review

Review of financial position

During the year the organisation received income of £354,580 (2024: 457,027). In the same period the Expenditure totalled £364,937 (2024: £450,615) giving a net income of -(£10,357) (2024: £6,412).

Principal funding sources

Grant funders

We've been generously supported by the National Lottery Community Fund under the Growing Great Ideas Programme, focused on supporting transformational and long-term change. During the financial year we received £117,352 from the National Lottery. We also received grant funding from the Fusion21 Foundation for the development of a Neighbourhood and Community Tool. During the financial year we received £36,301 from the Fusion21 Foundation. For the same project we also received £22,500 of co-funding from five registered providers who are participating in the project.

QOLF Trading Limited (Trading Subsidiary)

During the financial year the charity received £118,833 in shared service fees from its trading subsidiary, QOLF Trading Limited, for the use of the charity's resources. It also received £33,268 in corporate gift aid donations, representing a distribution of the subsidiary's profits. The shared service fees relate to the provision of financial, IT and office space, and payment for the use of staff time on QOLF Trading projects provided by the charity to the subsidiary, ensuring efficient use of resources and expertise. These funds are used entirely to support the charity's charitable activities.

Reserves policy

The Quality of Life Foundation operates a Reserves Policy which aims to retain unrestricted reserves equivalent to three months' worth of ordinary running costs. The reserves policy is reviewed annually by the trustees to ensure it meets the demands and requirements of current charity performance. At the end of the period the amount of reserves held was £43,929 (2024: £54,286), representing approximately one and a half months of ordinary running costs.

Page 9

Quality of Life Foundation

Report of the Trustees

for the Year Ended 30 June 2025

Going concern

The trustees are required to assess the charity's ability to continue as a going concern as at the date of this report, with the period of assessment being the foreseeable future.

Over the year 2024-25, the results were:

At the end of the financial year 2024-25, the charity sought to refine its operating model, balancing grant funding with other income-generating activities. Strategic efforts were focused on ensuring financial resilience while maintaining our ability to deliver impact.

However, subsequent to the year end, the charity faced a number of financial uncertainties due to challenging trading, sector and economic conditions, the cessation of the National Lottery grant and no replacement funding made it impossible for the charity to continue in its present form, as outlined elsewhere in this report. The financial statements therefore have not been prepared on a going concern basis.

At the time of writing, the charity is solvent and has fulfilled its charitable grant requirements but in the light of ongoing economic conditions and uncertain prospects, it has been determined that the charity is financially unsustainable longer term. The board has therefore taken the decision to wind down charitable activities and separate and continue the work in its trading subsidiary, both so the Foundation's work can be continued through a separate social enterprise.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, the articles of association, and is constituted as a private limited company, limited by guarantee, as defined by the Companies Act 2006.

Page 10

Quality of Life Foundation

Report of the Trustees

for the Year Ended 30 June 2025

Recruitment and appointment of new trustees

Trustees are appointed by the decision of the members at the annual general meeting and rotate by resignation of one third of their number on an annual basis, unless re-appointed. The trustees are appointed under the terms outlined in its articles of association. There is a minimum requirement of three trustees and no maximum number. If the number of trustees falls below three, the remaining trustees may only act to appoint further trustees.

Trustees have been recruited from a competitive, open call for trustees to achieve a wide variety of expertise and experience across the board of trustees.

All trustees are provided with:

All trustees are told of their obligation to ensure they possess adequate knowledge and skills to fulfil their duty as trustees. To support this, trustees are provided with opportunities to attend both free and paid for training, in particular relating to governance and financial responsibilities. Trustees are also required to complete, and regularly update, a Register of Interests to ensure the charity is aware of, and able to manage, any potential conflicts of interest.

Organisational structure

The Quality of Life Foundation is a charitable company registered as a charity with the Charity Commission (England and Wales), charity number 1198624.

The charity is constituted as a charitable company and governed by its articles of association. It has a trading subsidiary, QOLF Trading Limited, which is wholly owned by the charity.

The charity is governed by a board of trustees. The board of trustees meet every two months (normally six times per year, a minimum of four times per year), but from next financial year will meet quarterly (four times per year). There are two sub-committees whose members are the trustees that report to the board of trustees. These consist of a Finance, Governance and Risk sub-committee and an Human Resources sub-committee. The sub-committees are governed by Terms of Reference. In addition, working groups met regularly to focus on strategy development, composed of trustees and senior staff, of which membership is voluntary and open to all trustees.

The Finance, Governance and Risk sub-committee meets regularly to review cashflow, management accounts, liquidity and financial matters. During the year the sub-committee implemented regular financial reporting processes, as well as conducting discussions with the independent reviewer prior to and post their work to review the scope and results of their review.

The organisational structure was adjusted during the year. As of the end of the reporting period, the charity employed five full-time equivalent staff, down from eight FTE at the beginning of the period, reflecting a strategic non-replacement policy for departing staff and to reduce organisational overheads and improve our financial resilience. The foundation also works with a number of consultants to provide book-keeping services, strategic advice and to support project delivery.

Page 11

Quality of Life Foundation

Report of the Trustees

for the Year Ended 30 June 2025

Decision making

Decision making lies with the board of trustees. The trustees may delegate decision-making to sub-committees and senior staff where this is voted on and minuted at board meetings. The day-to-day delivery of the charity's work is delegated to the Director and supported by key management. During the year 2024-25, the management team included the following personnel:

Matthew Morgan, Director

Anna Purdie, Head of Operations (resigned January 2026)

Induction and training of new trustees

Trustees are appointed by the decision of the members at the annual general meeting and rotate by resignation of one third of their number on an annual basis, unless re-appointed. The trustees are appointed under the terms outlined in its Articles of Association. There is a minimum requirement of three trustees and no maximum number. If the number of trustees falls below three, the remaining trustees may only act to appoint further trustees.

Trustees have been recruited from a competitive, open call for trustees to achieve a wide variety of expertise and experience across the board of trustees.

All trustees are provided with:

All trustees are told of their obligation to ensure they possess adequate knowledge and skills to fulfil their duty as trustees. To support this, trustees are provided with opportunities to attend both free and paid for training, in particular relating to governance and financial responsibilities. Trustees are also required to complete, and regularly update, a Register of Interests to ensure the charity is aware of, and able to manage, any potential conflicts of interest.

Key management remuneration

The Foundation has undertaken research and benchmarking to assess appropriate salary levels for staff. Staff are categorised into staff levels, broken down into increments, based on experience, seniority and responsibilities, for which salary bands have been identified and approved by the board of trustees. These ensure transparency and fairness in pay and offer staff the ability to understand their opportunities for progression within the organisation.

Staff pay is reviewed annually in June, with consideration of pay increases due to performance, rises in inflation and or cost of living, and affordability to the organisation.

Related parties

The charity has a subsidiary company, QOLF Trading Limited (Company registration number: 13723472), which is fully owned by the charity and acts as its trading arm.

Engagement with employees

The Foundation works closely with its employees in the design of its strategic objectives and its subsequent strategic plan to deliver these objectives.

Page 12

Quality of Life Foundation

Report of the Trustees

for the Year Ended 30 June 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Engagement with suppliers, customers and others

The Foundation works with a broad array of stakeholders, from our associates network to core partners, funders, clients and research collaborators. We receive and request regular feedback, input and guidance from a range of stakeholders to strengthen our work, our strategic planning and the future direction of the Foundation. We do so to ensure that our activities and future plans are aligned with our charitable objects and that they can be refined and strengthened to ensure we continue to see impact as we deliver these.

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 have given consideration to the major risks to which the Foundation is exposed and satisfied themselves that systems or procedures are established in order to manage those risks.

The trustees regularly review the risks faced by the charity at trustees' meetings and have developed an organisational risk register to formalise the procedures. This is reviewed in depth each quarter by trustees and senior staff. All risk items have an associated risk owner and for all risk items listed, mitigation strategies are identified and regularly reviewed. Risk items are ranked based on likelihood and impact, and a total risk score is calculated to identify low, medium and high-risk items. High risk items are reviewed regularly to ensure that risks are mitigated or, where unavoidable, managed. The Finance, Governance and Risk sub-committee is responsible for maintaining and overseeing the risk register and reporting to the board.

Related parties

The charity has formed a subsidiary company, QOLF Trading Limited (Company registration number: 13723472), which is fully owned by the charity and acts as its trading arm.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 12062786 (England and Wales)

Registered Charity number

1198624

Registered office

C/O Better Space 127 Farringdon Road London EC1R 3DA

Page 13

Quality of Life Foundation

Report of the Trustees

for the Year Ended 30 June 2025

Trustees

J Anstead Chair (appointed 24.9.24) (resigned August 2025) Ms C Langdon-Platt Trustee (resigned August 2025) Ms J Lancaster Trustee Ms C A de Ferrars Green Trustee (appointed 24.9.24) (resigned February 2026) Ms Y Aladerun Trustee (appointed 24.9.24) Ms R Fisher Trustee (resigned August 2025) Dr K Watson Trustee D Roberts Trustee (became Chair December 2025) Ms D Whitfield Trustee J Alker Trustee (appointed 24.9.24) (resigned August 2025) R J Ford Trustee (appointed 5.8.24)

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

STREAMLINED ENERGY AND CARBON REPORTING

The charity consumed less than 40,000kWh of energy during the period and hence it is claiming exemption from reporting on this.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, 19 Mar 2026 19 March 26

as the company directors, on ............................................. and signed on the board's behalf by:

.......................................................... D Roberts - Chair

Page 14

Independent Examiner's Report to the Trustees of Quality of Life Foundation

Independent examiner's report to the trustees of Quality of Life Foundation ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Emphasis of Matter - Basis of Accounting

I draw attention to Note 15 to the notes to the accounts which explains that the trustees have resolved to wind up the charity and therefore the financial statements have not been prepared on a going concern basis but instead on a break-up basis.

My conclusion is not modified in respect of this matter.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

.

Page 15

Independent Examiner's Report to the Trustees of Quality of Life Foundation

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached

Sajjad Jaffer - FCCA Harris Accountancy Services Ltd Cobalt Square 83 Hagley Road Birmingham B16 8QG

19 Mar 2026

Date: .............................................

Page 16

Quality of Life Foundation

Statement of Financial Activities for the Year Ended 30 June 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Total
EXPENDITURE ON
Charitable activities
4
Project Expenses
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
61,672
139,255
200,927
175,864
36,272
212,136
(11,209)
54,286
43,077		 Restricted
funds
£
153,653
-
153,653
153,653
-
153,653
-
-
-		 30.6.25
Total
funds
£
215,325
139,255
354,580
329,517
36,272
365,789
(11,209)
54,286
43,077		 30.6.24
Total
funds
£
277,388
179,639
457,027
374,123
76,492
450,615
6,412
47,874
54,286

The notes form part of these financial statements

Page 17

Quality of Life Foundation

Balance Sheet

30 June 2025

Unrestricted Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
10
1,358
-
CURRENT ASSETS
Debtors
11
35,230
-
Cash at bank
24,298
-
59,528
-
CREDITORS
Amounts falling due within one year
12
(17,809)
-
NET CURRENT ASSETS
41,719
-
TOTAL ASSETS LESS CURRENT
LIABILITIES
43,077
-
NET ASSETS
43,077
-
FUNDS
13
Unrestricted funds
TOTAL FUNDS		 30.6.25
Total
funds
£
1,358
35,230
24,298
59,528
(17,809)
41,719
43,077
43,077
43,077
43,077		 30.6.24
Total
funds
£
2,488
67,403
10,444
77,847
(26,049)
51,798
54,286
54,286
54,286
54,286

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

Page 18

continued...

Quality of Life Foundation

Balance Sheet - continued

30 June 2025

The trustees acknowledge their responsibilities for

19 Mar 2026The financial statements were approved by the Board of Trustees and authorised for issue on

19/03/2026 ............................................. and were signed on its behalf by:

R J Ford

............................................. R J Ford - Trustee

The notes form part of these financial statements

Page 19

Quality of Life Foundation

Cash Flow Statement for the Year Ended 30 June 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating
activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash provided by/(used in) investing activities
Change in cash and cash
equivalents in the reporting
period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the
end of the reporting period		 30.6.25
£
13,854
13,854
-
-
13,854
10,444
24,298		 30.6.24
£
(56,079)
(56,079)
(1,790)
(1,790)
(57,869)
68,313
10,444

The notes form part of these financial statements

Page 20

Quality of Life Foundation

Notes to the Cash Flow Statement for the Year Ended 30 June 2025

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

OPERATING ACTIVITIES
30.6.25
30.6.24
£ £
Net (expenditure)/income for the reporting period (as per
the Statement of Financial Activities) (11,209) 6,412
Adjustments for:
Depreciation charges 1,130 1,130
Decrease/(increase) in debtors 32,173 (59,903)
Decrease in creditors (8,240) (3,718)
Net cash provided by/(used in) operations 13,854 (56,079)
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.7.24 Cash flow At 30.6.25
£ £ £
Net cash
Cash at bank 10,444 13,854 24,298
10,444 13,854 24,298
Total 10,444 13,854 24,298

The notes form part of these financial statements

Page 21

Quality of Life Foundation

Notes to the Financial Statements for the Year Ended 30 June 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 and the requirements of the Charities Act 2011.

The trustees resolved that the charity would cease its operations and wind up its activities due to insufficient resources to continue operations.

As a result, the trustees consider that it is not appropriate to prepare the financial statements on a going concern basis. The accounts have therefore been prepared on a break-up basis.

Under this basis of accounting:

assets are stated at their estimated realisable value;

liabilities are stated at the amount expected to be settled; and

provision has been made for any costs associated with the closure of the charity, where appropriate.

The trustees expect the remaining assets of the charity to be applied in accordance with the charity’s governing document once all liabilities have been settled.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

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.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Page 22

continued...

Quality of Life Foundation

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

1. ACCOUNTING POLICIES - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Going concern

The trustees have assessed the charity's ability to continue as a going concern, considering its financial position, forecasts, and external factors. Subsequent to the year-end, the charity has faced significant challenges, including difficulties in achieving budgeted income and delays in projects due to economic conditions and the end of a major grant.

To address these challenges, the trustees were actively pursuing additional funding, diversifying funding sources, implementing cost-saving measures, and conducting strategic planning.

The trustees have been unable to secure the necessary additional funding to support the charities activities and so regrettably the trustees resolved on 11th March 2026 that the charity must close.

Page 23

continued...

Quality of Life Foundation

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2.
DONATIONS AND LEGACIES
Donations
Gift aid
Core Partners
Grants
National Lottery Grant
Fusion 21 Trust
Grants received, included in the above, are as follows:
Other grants
3.
OTHER TRADING ACTIVITIES
Consulting Services
Shared Services Fees
4.
CHARITABLE ACTIVITIES COSTS
Project Expenses		 30.6.25
£
904
33,268
-
27,500
117,352
36,301
215,325
30.6.25
£
27,500
30.6.25
£
20,422
118,833
139,255		 30.6.24
£
327
22,691
60,000
-
194,370
-
277,388
30.6.24
£
-
30.6.24
£
73,459
106,180
179,639
Direct
Costs
£
329,517

Page 24

continued...

Quality of Life Foundation

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

5. SUPPORT COSTS

5. SUPPORT COSTS
Information Human
Finance
technology		 resources
£ £ £
Other resources expended 206 9,278 784
Governance
Other costs Totals
£ £ £
Other resources expended 1,130 7,173 18,571
Support costs, included in the above, are as follows:
30.6.25 30.6.24
Other
resources Total
expended activities
£ £
Bank charges 206 191
Website 1,742 2,007
Software Subscriptions 7,536 6,679
HR Fees & Software 84 350
Recruitment 700 575
Depreciation of tangible fixed assets 1,130 1,130
Accountancy fees 6,636 7,097
Legal fees 537 1,281
18,571 19,310
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
30.6.25 30.6.24
£ £
Depreciation - owned assets 1,130 1,130

Page 25

continued...

Quality of Life Foundation

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 30.6.25
£
290,841
25,455
11,310
327,606		 30.6.24
£
328,875
30,694
11,120
370,689

The average monthly number of employees during the year was as follows:

30.6.25
5		 30.6.24
5

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

9.

30.6.25
£80,001 - £90,000
1
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
83,019
194,369
Other trading activities
179,639
-
Total
262,658
194,369
EXPENDITURE ON
Charitable activities
Project Expenses
211,209
162,914
Other
45,037
31,455
Total
256,246
194,369		 30.6.24
1
Total
funds
£
277,388
179,639
457,027
374,123
76,492
450,615

Page 26

continued...

Quality of Life Foundation

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued FINANCIAL ACTIVITIES - continued FINANCIAL ACTIVITIES - continued
Unrestricted Restricted
Total
funds funds funds
£ £ £
NET INCOME 6,412 - 6,412
RECONCILIATION OF FUNDS
Total funds brought forward 47,874 - 47,874
TOTAL FUNDS CARRIED
FORWARD 54,286 - 54,286
10. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 July 2024 and 30 June 2025 4,520
DEPRECIATION
At 1 July 2024 2,032
Charge for year 1,130
At 30 June 2025 3,162
NET BOOK VALUE
At 30 June 2025 1,358
At 30 June 2024 2,488
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.25 30.6.24
£ £
Trade debtors 4,100 43,933
Amounts owed by group undertakings 31,130 22,326
Prepayments - 1,144
35,230 67,403

Page 27

continued...

Quality of Life Foundation

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
VAT
Other creditors
Accrued expenses		 30.6.25
£
4,704
(51)
10,681
1,475
1,000
17,809		 30.6.24
£
10,950
-
6,733
7,036
1,330
26,049

13. MOVEMENT IN FUNDS

At 1.7.24
£
Unrestricted funds
General fund
54,286
TOTAL FUNDS
54,286
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
200,927
Restricted funds
National Lottery
117,352
Fusion 21 Trust
36,301
153,653
TOTAL FUNDS
354,580		 Net
movement
in funds
£
(11,209)
(11,209)
Resources
expended
£
(212,136)
(117,352)
(36,301)
(153,653)
(365,789)		 At
30.6.25
£
43,077
43,077
Movement
in funds
£
(11,209)
-
-
-
(11,209)

Page 28

continued...

Quality of Life Foundation

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.7.23
in funds		 30.6.24
£ £ £
Unrestricted funds
General fund 47,874 6,412 54,286
TOTAL FUNDS 47,874 6,412 54,286
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources		 Movement
resources
expended		 in funds
£ £ £
Unrestricted funds
General fund 262,658 (256,246) 6,412
Restricted funds
National Lottery 194,369 (194,369) -
TOTAL FUNDS 457,027 (450,615) 6,412
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement At
At 1.7.23
in funds		 30.6.25
£ £ £
Unrestricted funds
General fund 47,874 (4,797) 43,077
TOTAL FUNDS 47,874 (4,797) 43,077

Page 29

continued...

Quality of Life Foundation

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
National Lottery
Fusion 21 Trust
TOTAL FUNDS		 Incoming
resources
£
463,585
311,721
36,301
348,022
811,607		 Resources
expended
£
(468,382)
(311,721)
(36,301)
(348,022)
(816,404)		 Movement
in funds
£
(4,797)
-
-
-
(4,797)

14. RELATED PARTY DISCLOSURES

During the year, the charity received £118,833 in Shared services fees and £33,268 as gift aid donation from its trading subsidiary QOLF Trading Ltd (Co No: 13723472).

Shared services fees relates to the reimbursement of costs of the shared services such as staff costs and other overheads.

15. POST BALANCE SHEET EVENTS

At the year-end the future of the charity was in doubt and, subsequent to the year-end, the trustees decided to close.

They formally resolved to close the charity and wind up its operations on 11th March 2026.

They are taking steps to settle all outstanding liabilities of the charity. Any remaining assets after settlement of liabilities will be applied in accordance with the charity’s governing document and relevant guidance issued by the Charity Commission for England and Wales.

Page 30

Quality of Life Foundation

Detailed Statement of Financial Activities for the Year Ended 30 June 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Core Partners
Grants
National Lottery Grant
Fusion 21 Trust
Other trading activities
Consulting Services
Shared Services Fees
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Advertising & Marketing
Direct Consulting fees
Direct Expenses
Printing, Design & Translation
Travel & Subsistence
Other
Rent
Research & Framework
Insurance
Telephone
Postage & Stationery
Subscriptions
Travel - National
Staff Training
Carried forward		 30.6.25
£
904
33,268
-
27,500
117,352
36,301
215,325
20,422
118,833
139,255
354,580
290,841
25,455
11,310
570
360
596
53
332
329,517
3,226
-
2,458
218
22
201
976
2,215
9,316		 30.6.24
£
327
22,691
60,000
-
194,370
-
277,388
73,459
106,180
179,639
457,027
328,875
30,694
11,120
103
200
454
1,144
1,533
374,123
8,101
1,600
603
212
400
388
886
2,206
14,396

This page does not form part of the statutory financial statements

Page 31

Quality of Life Foundation

Detailed Statement of Financial Activities
for the Year Ended 30 June 2025
Other
Brought forward
Subsistence
Consultancy fees
Board Expenses
Sundries
Support costs
Finance
Bank charges
Information technology
Website
Software Subscriptions
Human resources
HR Fees & Software
Recruitment
Other
Computer equipment
Governance costs
Accountancy fees
Legal fees
Total resources expended
Net (expenditure)/income		 30.6.25
£
9,316
26
7,510
-
849
17,701
206
1,742
7,536
9,278
84
700
784
1,130
6,636
537
7,173
365,789
(11,209)		 30.6.24
£
14,396
373
40,067
260
2,086
57,182
191
2,007
6,679
8,686
350
575
925
1,130
7,097
1,281
8,378
450,615
6,412

This page does not form part of the statutory financial statements

Page 32

Issuer

Harris Accountancy Services Ltd

Document generated Thu, 19th Mar 2026 11:49:43 GMT

Document fingerprint 18b8187592bf3a0f0357585a0fcfc463

Parties involved with this document

Document processed

Party + Fingerprint

Thu, 19th Mar 2026 14:03:55 GMT Thu, 19th Mar 2026 14:04:34 GMT Thu, 19th Mar 2026 14:12:16 GMT

Mr David John Roberts - Signer (df96f6e2263f97bd09f02a880a914ca5) Mr Richard J Ford - Signer (9b2a8f19bba272394ec619c64cfe2081) Sajjad Jaffer - Signer (8ed704fd793f35007a82da29733803ae)

Audit history log

Date

Action

Thu, 19th Mar 2026 11:49:43 GMT Thu, 19th Mar 2026 11:49:43 GMT Thu, 19th Mar 2026 11:49:43 GMT

Thu, 19th Mar 2026 11:49:43 GMT Thu, 19th Mar 2026 11:49:43 GMT Thu, 19th Mar 2026 11:49:43 GMT

Thu, 19th Mar 2026 11:49:58 GMT Thu, 19th Mar 2026 11:49:59 GMT Thu, 19th Mar 2026 11:49:59 GMT Thu, 19th Mar 2026 14:00:07 GMT Thu, 19th Mar 2026 14:03:17 GMT

Thu, 19th Mar 2026 14:03:55 GMT Thu, 19th Mar 2026 14:03:55 GMT Thu, 19th Mar 2026 14:03:57 GMT Thu, 19th Mar 2026 14:04:08 GMT Thu, 19th Mar 2026 14:04:35 GMT

Envelope generated with fingerprint 8a2bef436a22ea980f2e21c2417571d6 (18.133.63.166)

Document generated with fingerprint 18b8187592bf3a0f0357585a0fcfc463. (18.133.63.166) Mr David John Roberts has been assigned to this envelope. (18.133.63.166)

Mr Richard J Ford has been assigned to this envelope. (18.133.63.166) Sajjad Jaffer has been assigned to this envelope. (18.133.63.166) Envelope has been set to automatically remind the active signer every 1 day(s). (18.133.63.166) Envelope generated Sent the envelope to Mr David John Roberts for signing Document emailed to party email Mr David John Roberts viewed the envelope (194.35.122.120) Sent Mr David John Roberts a reminder to sign the document. (35.176.231.177)

Mr David John Roberts signed the envelope (194.35.122.120) Sent the envelope to Mr Richard J Ford for signing (194.35.122.120) Document emailed to party email

Mr Richard J Ford viewed the envelope (143.58.201.192) Mr Richard J Ford signed the envelope (143.58.201.192)

Thu, 19th Mar 2026 14:04:35 GMT Thu, 19th Mar 2026 14:04:35 GMT Thu, 19th Mar 2026 14:11:50 GMT Thu, 19th Mar 2026 14:12:16 GMT Thu, 19th Mar 2026 14:12:16 GMT Thu, 19th Mar 2026 14:12:16 GMT Thu, 19th Mar 2026 14:12:16 GMT Thu, 19th Mar 2026 14:12:16 GMT Thu, 19th Mar 2026 14:12:16 GMT

Sent the envelope to Sajjad Jaffer for signing (143.58.201.192)

Document emailed to party email Sajjad Jaffer viewed the envelope (149.40.126.16) Sajjad Jaffer signed the envelope (149.40.126.16) This envelope has been signed by all parties (149.40.126.16) Signed document confirmation emailed to party email (149.40.126.16) Signed document confirmation emailed to party email (149.40.126.16) Signed document confirmation emailed to party email (149.40.126.16) Signed document confirmation emails have been sent to all parties. Document URL:

https://api.signable.app/shareable/envelope?t=cbae66a1-a62b-471b-9d84ce94728c9e0d (149.40.126.16)