2022-05-31-accounts - Junior League Of London

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Report ofthe	Trustees
Independent	Examiner's	Report		12
Consolidated	Statement	of Financial	Activities	13
Consolidated	and Charity	Balance Sheets		14
Notes to the	Consolidated	Financial	Statements	15-25

The Trustees serving during	the fiscal year 2021-22 were as follows (name and position):	the fiscal year 2021-22 were as follows (name and position):
Linda Robson	President (appointed 16March, 2020)
Amy Garcia	President-Elect (appointed 08 March, 2021)
Emily Healy	Executive Vice-President (appointed	26 May, 2021)
Feyi Adegebohun	Finance Director (appointed 26 May, 2021)
Rebecca Thorne	Nominating Director (appointed 26	May, 2021)
Susanna Pitts Teixidor	Non Executive Director (appointed	21 May, 2019)
Gloria Walker	Non Executive Director (appointed	21 July, 2020)
Kristin Kilshaw	Non Executive Director (appointed	21 July, 2020)
Isobel Jewell	Non Executive Director (appointed	26 May, 2021)
Tonya Holmes	Non Executive Director (appointed	26 May, 2021)
Tamsin Davies	President Elect - Elect (appointed 10 March, 2022)

1. Reference	and	Administrative Details of the Charity,	its Trustees	its Trustees	and	and	Advisers	(continued)
Professional	Support
Independent	Examiner:	John Howard FCA, Azets
		2nd Floor, Regis House, 45 King William		Street,	London,		EC4R	9AN
Bankers:		CAF Bank Limited
		PO Box289, West Mailing, Kent ME194TA
		HSBC
		79 Piccadilly, London, W1J SEU
Bookkeepers:		Paula Cairey Consultancy
		20 Adelina Mews, London, SW12	OBGH
Solicitors:		Morgan, Lewis & Bockius UK LLP
		Condor House 5-10St. Paul's Churchyard,		London		EC4M SAL

			Notes	2022	2022	2022	2021
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
Incoming resources
Incoming resources from	generated
funds:
Donations and legacies				38,593	6,000	44,593	40,853
Charitable activities				69,273		69,273	84,722
Interest received				44		44	137
Government Grants				2,198		2,198	8,130
Total incoming resources				110,108	6,000	116,108	133,842
Resources expended
Raising funds
Costs of generating voluntary Cost of fundraising trading		income		11,176 22,625		11,178 22,625	11,780 20,973
Charitable activities
Community programmes				59,687	6,000	65„687	68,319
Member training and development Promotion of voluntary service				23,604 9,315	875	24,479 9,315	26,475 9,815
Total resources expended				126,409	6,875	133,284	137,362
Net incoming resources	before transfers			(16,301)	(875)	(17,176)	(3,520)
Transfers between funds
Net movement in funds				(16,301)	(875)	(17,176)	(3,520)
Total funds brought forward				298,762	8,560	307,322	310,842
Total funds carried forward			13	282,461	7,685	290,146	307,322

	Accounting policies (continued)
1.8	Debtors
	Other debtors are recognised at the settlement amount due.		Prepayments	are			valued		at	the amount
	prepaid. Accrued income is measured at the amount due to be received.
1.9	Cash at bank and in hand
	Cash at bank and cash in hand includes cash and	short term highly liquid			investments with a short
	maturity of three months or less from the date of	acquisition or opening		of			the deposit			or similar
	accounts.
1.10	Creditors
	Creditors are recognised where the charitable company has a		present obligation					resulting from a past
	event that will probably result in the transfer of funds	to a third party and the			amount due					to settle	the
	obligation can be measured or estimated reliably.
	Other creditors and accruals are recognised at their settlement amount due.
	Financial instruments
	The charitable company only has financial assets and	financial	liabilities of	a	kind			that	qualify as basic
	financial instruments. Basic financial instruments are initially		recognised	at			transaction			value	and
	subsequently measured at their settlement value.
1.12	Judgements and key sources ofestimation uncertainty
	Accounting estimates and judgements are continually	evaluated	and are based			on		historical		experience
	and other factors, including expectations of future events that		are believed	to	be			reasonable under			the
	circum stances.
	The following judgements (apart from those involving	estimates} have been			made in				the	process	of
	applying the above accounting policies that have had the most		significant effect				on amounts			recognised
	in the financial statements:
	Useful economic lives oftangible assets
	The annual depreciation charge for tangible assets	is sensitive to changes				in		the estimated useful
	economic lives and residual values of the assets. The	useful economic lives		and			residual		values are		re-
	assessed annually. They are amended when necessary to reflect current						estimates,			based	on
	technological advancement, future investments, economic utilisation and the				physical				condition of		the
	assets. See note 9 for the carrying amount of the property plant and equipment,							and	note	1.7 for	the
	useful economic lives foreach class ofassets.
	There are no key assumptions concerning the future and other		key sources	of	estimation uncertainty						at
	the reporting date that have a significant risk of causing a material adjustment			to		the carrying				amounts	of
	assets and liabilities within the next financial year.
	Operating leases
	Rentals applicable to operating leases where substantially all		of the benefits				and risks of ownership
	remain with the lessor are charged to the Statement of	Financial	Activities as	incurred,
1.14	Project Funding
	Full provision is made in the accounts for the costs of	new projects at the time				of		inception		on the basis
	that a constructive obligation arises. Unspent balances	are included within creditors.


Donations and legacies		2022	2021
Grants, donations and sponsorships Annual fund Amount recovered under gift aid Gifts in kind:		9,726 2,866 1,629	9,443 3,272 1,498
Holiday Hampers Member development Other community		25,205 5,167	25,060 1,580
		44,593	40,853
Income from charitable	activities	2022	2021
		R	R
Membership dues		40,853	47,162
Fundraising events and campaigns Living in London		25,386 620	33,559 357
Other income		2,414	3,644
		69„273	84,722

4.	Analysis of	Total	Total	Resources	Resources	Resources	Expended	Expended
										Direct			Support		Total	Total
									Activities					Costs	2022	2021
													(note 5)
														E
	Raising funds:
	Costs of generating				voluntary		income							11,178	11,178	11,780
	Cost of fundraising			trading						8,653				13,972	22,625	20,973
	Charitable activities
	Community	programmes								53,577				12,110	65,687	68,319
	Member training		and		development					15,164				9,315	24,479	26,475
	Promotion ofvoluntary					service								9,315	9,315	9,815
										77,394				55,890	133,284	137,362
	Principal items included					within	the	categories		shown above		are:
															2022	2021
	Community	programmes:						Holiday	Hampers						45,954	44,605
								Community		Action	Teams				3,499	11,380
	Member training		and					Dues paid		to Association			of	Junior
	development:							Leagues	International			(AJLI)			7,477	8,417
								Costs of	attending		AJLI training				3,860	1,305
								LEAD								1,957
5.	Analysis ofSupport Costs
															2022	2021
															R	R
	Staff salaries	and		pensions											24,533	24,471
	Staff training															795
	Insurance														1,487	876
	Accounts and IE		fees												16,160	13,151
	Professional	fees													911	48
	Rent &officecosts														4,540	11,929
	Telephone														350	359
	Printing, postage			and stationery											27	253
	Repairs and	maintenance													5,539	4,797
	Bank charges														898	377
	Depreciation															48
	Other costs														1,445	1,594
															55,890	58,698

Fixed Assets	Computer	Office	TOTAL
	Equipment	Equipment
Consolidated and Charity
Cost
At 1 June 2021	22,554	657	23,211
At 31 May 2022	22,554	657	23,211
Depreciation At 1 June 2021	(22,554)	(657)	(23,211)
Charge for year
At 31 May 2022	(22,554)	(657)	(23,211)
Net Book Value
At 31 IIay 2022
At 31 May 2021

accounts were a	s follows:
Profit and loss	account	2022	2021
Turnover		758	1,155
Cost of sales			(611)
Gross profit		758	544
Administrative expenses		(1,950)	(1,557)
Operating (loss) Interest receivable		(1,192) 20	(1,013) 52
Taxation
		(1,172)	(961)
Donation to Junior League of London
(Loss) retained	in subsidiary	(1,172)	(961)

						2022	2022	2021
	Balance Sheet
	Current assets					123,722		123,090
	Creditors: amounts	falling due within		one year		(106,834)		(105,030)
	Total assets less current liabilities						16,888	18,060
	Called up share capital						50,000	50,000
	Retained profit and	loss account				(33,112)		(31,940)
	Shareholders' funds						16,888	18,060
11.	Debtors				Group		Charity
					2022 E	2021 f	2022	2021
	Amounts owed from Other debtors		group undertakings			2,027	105,635	104,430 2,027
	Prepayments				802	731	767	731
					802	2,758	106,402	107,188
12.	Creditors: Amounts		falling due		Group		Charity
	within one year				2022 f	2021 f	2022 f.	2021
	Trade creditors Taxes payable				2,584 943	913 1,082	2,584 943	913 482
	Deferred income (note 12.1) Accruals				19,626 9,833	18,713 5,765	19,626 8,633	18,713 5,765
					32,986	26,473	31,786	25,873
12.1	Deferred income
					Group		Charity
					2022	2021	2022	2021
							f.
	Balance as at 1 June Released in the year Deferred in the year		2021		18,713 (18,713) 19,626	17,285 (17,285) 18,713	18,713 (18,713) 19,626	17,285 (17,285) 18,713
	Balance as at 30June 2022				19,626	18,713	19,626	18,713

Funds - Prior Year
Consolidated and Charity		Brought	Incoming	Resources		Carried
		Forward	Resources	Expended	Transfers	Forward
Restricted funds:
Holiday Hampers Program	(1)		2,242	(2,242)
Scholarship Fund (2) LBDI COVID-19 Community		4,425		(1,650)		2,775
Fund (3)		12,522	1,545	(8,282)		5,785
Designated funds:		16,947	3,787	(12,174)		8,560
Resource Fund (4) 39"Anniversary Fund (5)		61,026 30,248				61,026 30,248
Other unrestricted funds:		91,274				91,274
AJLI Marketing Award General reserves		1,334 232,268	128,848	(123,020)		1,334 238,096
Total Charity		341,823	132,635	(135,'l94)		339,264
General reserves		(30,981)	1,207	(2,168)		(31,942)
Total Consolidated		310,842	133,842	(137,362)		307,322

17. Allocation of Net Assets	17. Allocation of Net Assets	between	Funds
The funds of the group	are	represented	by	the following	assets:
							Unrestricted
							Total
Tangible fixed assets
Current assets Current liabilities							323,132 (32,986)
							290,146
18. Consolidated Statement		of Financial	Activities - Prior Year
		Notes		2021	2021	2021	2020
			Unrestricted		Restricted	Total	Total
Incoming resources			Funds		Funds	Funds f	Funds f
Incoming resources from
generated funds:
Donations and legacies Charitable activities Interest received				36,611 63,177 137	2,242 1,545	40,653 84,722 137	48,&88 111,060 470
Government Grants				8,130		8,130
Total incoming resources				130,055	3,767	133,842	160,418
Resources expended
Raising funds
Costs of generating voluntary Cost of fundraising trading Charitable activities	income			11,780 20,973		11,780 20,973	12,641 38,805
Community programmes Member training and development Promotion of voluntary service				57,795 24,825 9,815	10,524 1,650	66,319 26,475 9,815	62,312 25,879 10,848
Totalresources expended			125,186		12,174	137,362	150,485
Net incoming resources before transfers				4,867	(8,387)	(3,520)	9,933
Transfers between funds
Net movement in funds				4,867	(8,387)	(3,520)	9,933
Total funds brought forward				293,895	16,947	310,842	300,909
Total funds carried forward		13		298,762	8,560	307,322	310,842