REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 December 2022 |
for |
The Foundation for Law, Justice |
And Society |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 December 2022 |
for |
The Foundation for Law, Justice |
And Society |
The Foundation for Law, Justice |
And Society |
Contents of the Financial Statements |
for the Year Ended 31 December 2022 |
Page |
Report of the Trustees | 1 | to | 2 |
Independent Examiner's Report | 3 |
Statement of Financial Activities | 4 |
Balance Sheet | 5 | to | 6 |
Notes to the Financial Statements | 7 | to | 11 |
The Foundation for Law, Justice |
And Society (Registered number: 05371054) |
Report of the Trustees |
for the Year Ended 31 December 2022 |
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 31 December 2022. 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). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The principal objectives for the Foundation changed at the start of 2021 to the following |
Continue the Foundation's role as an online publisher ensuring effective, active dissemination of materials to bridge the gap between academia and policymakers in the area of law and society. |
Prepare for the end of the Foundation's agreement with its principal funder at the end of 2023. |
The Trustees confirm that they have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. |
ACHIEVEMENT AND PERFORMANCE |
2022 was the second year of the Foundation's revised funding agreement with the Foundation for Justice through Education. Priority is now given to maintaining public access to materials published online through www.fljs.org and on other platforms. The Foundation for Justice Through Education has agreed to fund continued operation and promotion of the website for 3 years thus enabling FLJS to continue its work to bring academic study to a wider audience including policymakers, lawyers, business executives and those with a lay interest in matters relating to law and society. |
Promotion of the site continued throughout 2022 with quarterly e-newsletters and Twitter support. The website attracted over 20,000 visitors with Twitter and newsletters prompting visits and downloads of a range of content. |
The second book from the Putney Debates was distributed to university and other institutional libraries as well as to senior members of the judiciary. |
In 2023 the Foundation will continue to encourage visits to the website and access to existing content. An archive is being approached to ensure the site continues to be available to scholars and researchers. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
The Foundation for Law, Justice |
And Society (Registered number: 05371054) |
Report of the Trustees |
for the Year Ended 31 December 2022 |
Principal address |
Wolfson College |
Linton Road |
Oxon |
OX2 6UD |
Trustees |
Independent Examiner |
Chapman Robinson and Moore Limited |
30 Bankside Court |
Stationfields |
Kidlington |
Oxford |
OX5 1JE |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
The Foundation for Law, Justice |
And Society |
Independent examiner's report to the trustees of The Foundation for Law, Justice And Society ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022. |
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. |
Independent examiner's statement |
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)). |
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. |
Chapman, Robinson and Moore |
Chapman Robinson and Moore Limited |
30 Bankside Court |
Stationfields |
Kidlington |
Oxford |
OX5 1JE |
Date: ............................................. |
The Foundation for Law, Justice |
And Society |
Statement of Financial Activities |
for the Year Ended 31 December 2022 |
31/12/22 | 31/12/21 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities |
47,000 |
- |
47,000 |
42,000 |
Other income |
Total |
EXPENDITURE ON |
Raising funds | 2 |
Charitable activities |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 6,574 |
The Foundation for Law, Justice |
And Society (Registered number: 05371054) |
Balance Sheet |
31 December 2022 |
31/12/22 | 31/12/21 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 8 |
Unrestricted funds | 6,574 |
TOTAL FUNDS | 6,574 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
The Foundation for Law, Justice |
And Society (Registered number: 05371054) |
Balance Sheet - continued |
31 December 2022 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
The Foundation for Law, Justice |
And Society |
Notes to the Financial Statements |
for the Year Ended 31 December 2022 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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. |
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. |
Fixtures and fittings | - |
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. |
The Foundation for Law, Justice |
And Society |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
2. | RAISING FUNDS |
Raising donations and legacies |
31/12/22 | 31/12/21 |
£ | £ |
Support costs |
3. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31/12/22 | 31/12/21 |
£ | £ |
Depreciation - owned assets |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
During the year, one trustee received remuneration of £Nil (2021:£7,200) for consultancy services. |
Trustees' expenses |
One trustee was reimbursed a total of £235 (2021 £Nil) for travel expenses incurred during the year. |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities |
42,000 |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 19,596 | - |
TOTAL FUNDS CARRIED FORWARD | 6,574 | - | 6,574 |
The Foundation for Law, Justice |
And Society |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
6. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 January 2022 and 31 December 2022 |
DEPRECIATION |
At 1 January 2022 |
Charge for year |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 December 2021 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/22 | 31/12/21 |
£ | £ |
Accrued expenses |
8. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1/1/22 | in funds | 31/12/22 |
£ | £ | £ |
Unrestricted funds |
General fund | 6,574 | 23,100 | 29,674 |
TOTAL FUNDS | 23,100 | 29,674 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 47,677 | (24,577 | ) | 23,100 |
TOTAL FUNDS | ( |
) | 23,100 |
The Foundation for Law, Justice |
And Society |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
8. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1/1/21 | in funds | 31/12/21 |
£ | £ | £ |
Unrestricted funds |
General fund | 19,596 | (13,022 | ) | 6,574 |
TOTAL FUNDS | 19,596 | (13,022 | ) | 6,574 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 42,000 | (55,022 | ) | (13,022 | ) |
TOTAL FUNDS | 42,000 | (55,022 | ) | (13,022 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1/1/21 | in funds | 31/12/22 |
£ | £ | £ |
Unrestricted funds |
General fund | 19,596 | 10,078 | 29,674 |
TOTAL FUNDS | 19,596 | 10,078 | 29,674 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 89,677 | (79,599 | ) | 10,078 |
TOTAL FUNDS | 89,677 | (79,599 | ) | 10,078 |
The Foundation for Law, Justice |
And Society |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
9. | RELATED PARTY DISCLOSURES |