COMPANY REGISTRATION NUMBER: 13847174 CHAIUTY REGISTRA TION NUMBER: 1202235 LLJF LIMITED Company Limited by Guarantee UNAUDITED FINANCIAL STATEMENTS 31 MARCH 2024 Chartered accountallts 168 Church Road Hove BN3 2DL
LLJF LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMEKrs YEAR ENDED 31 MARCH 2024 Page Trustees. annual report (incorporating the directorfs report) Independent examiner'5 report to the trustees Stat¢ent of financial actlVLties {including income and expenditure account) Stai¢ment of financial position No*s ihe financial statements
LLJF LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 Thc trustees. who are also the directors for the puryoses of company law, pr¢set]t their report and the unaudiLed financial statements of the charity for Ihe year ended 31 March 2024. Reference and admini5tratiYe details Registered charity name LLJF Limited Charity registration number 1202235 Company registration number 13847174 Prlnclpal 0]ce and registered 168 Church Road office Hove Ex5t Sussex BN3 2DL The trustees Mr G J Peters Mr C J Mdidment Mr S R Sawyer Independent examiner UHY Hackcr Young (S.E.) LLd 168 Church Road Hove BN3 2DL Structure, governance and management The Trustees. who are also directors, present their annual repon and the finallcial statemenis of the company for the year ended 31 March 2024. LLJF Limited is constiLU(ed as a limited company and r¢Stered with the Charity Commissioners on 7 March 2023. The gov¢rnit]g dUMent is the mcnK)randum and articles of association of th¢ company (incorporated on 13 January 20221 as amended by Special rc501ution updated 17 February 2022. The address of the charity is 168 Church Road, Hove. East Sussex, BN3 2DL.
LLJF LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (¢oRl¢nM¢d) YEAR ENDED 31 MARCH 2024 Objeetives And aetlvities The principal aim of LLJF Limited is to aci as a resource for young peopl¢ up lo the age of 25 in the UK by providing advice and assistanre and working with a range of priyate public and voluntarylcharity sector organisaiions and employer% is a [nnS of.. i) Providing supporn and aciivities whi¢h d¢v¢lop the skills, capacities and capabiliiies of such young people to enable them to participate in socieiy as independcnt, rnature and respoE]sible individuals i) Advancing education iii) Relieving unetnployment Achievements and perforniance Thanks to the generosity of our supporters and collaboralor5, The Love Local Jobs Foundation has ontinu¢d to creale meaningful opportunities for the next generation. Foi 2023124, w¢ delivered 88 inspiratii)t]41 abs¢tnblies, reaching over 7.(KX) young people. Through Ihe support of 154 dedicated business mentors we were able to facilitate a total of 1,350 one-(O-one menioring sessions, 90 ¢tnployability-focused workshops, and 30 workplaee visits. These additional sessions were for a toial ¢ohori of 450 young people, specifically selected duc to barriers preventing them from reaiising th¢ir full potellliaI. These iniLiaiiveg are vital as young people navigai¢ growing Sle1] pressures, mental health challenges. and an ¢volving job market. Looking ahead. we aitn lo expand into new regions and enhance our level of ongoing support for our participants, ensuring young people have the tools. &yuidanG¢. and connections io transition successfully f[0[ school lo ¢arly careets. We're dcligh(ed with our contribution and delivery Lhis year, and look lonvard to building upon it in 2025r26. Financial review Capital Expenditure To support the continued growih and operations of the charity, we haye inyested in 3 new laptops and office siorage furniture. These acquisitions will enhance our capacity to deliver servi¢¢q effcctively and securely rnanage resources as we expand our activities. Staff We are pleased io welcome two new starters to the team. One has joined us io provid¢ mai¢rnity leave cover. ensuring ¢oniinuiiy in our operaiions, and the other has been brotsght on board to euhance the delivery of our programmes. supporting the charity's mission and growth. Additiona]ly, we have engaged a contractor to provide services that further support and strengthen Lhe delivery of our programmes, enabling us to better meet the objectives of the Charity.
LLJF LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 Small company provisions This report has been prepared in accordan¢¢ with Lhe provisions applicable to companies ¢ntitled to the #m&ll companies exemption. The truste¢s' annual report was approved on 27 January 2025 and sAgned on behalf of ihe board of us(ecs by.. Mr G J Peiers Trustee
LLJF LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDEIYT EXAMINER'S REPORT TO THE TRUSTEES OF LLJF LIMJTED YEAR ENDED 31 MARCH 2024 I rewrt to the trustees on my examina(ion of the financial statements of LtJF Limited ('(he charity,) for the year ended 31 March 2024. Responsibilitie5 and basis of report As ihe trustees of ihe company (and also lis directors for the purposes of QQTnpany lawl you are responsible for Ihe preparation of the financia] statements in accordance With the requirements of the Companies Act 2006 {Ihe 21K)6 Art'l. Having satisfied myself that the accounts of ihe company are not required to be audited under Part 16 of the 2006 Act and are eligible for indcpcndeni exarninalion. I rcporL in respeci of my examination or Lhe ¢hariiy's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 A¢i'l. [ carrying out Fny examinaiion I have followed the Directions giv¢n by the chltY Commission undcT secEion 145{5){bl of the 201 I Aci. Independent examiner's statement I have cornpl¢t¢d Jny exaTnination. I confirn] that no mailers have come io my &iTrntion in connecLioTJ with ihe examination giving me Laus¢ lo believe.. accounting records were nul kept in respect of the charity as required by 5eciion 386 of the 20( Arl; or the fInancia] statemenis do noi accord with those records., or the financi21 Siatemenis do nol comply with the acci)uniin¥y requir¢ments of section 396 or lh¢ 2(K)6 Act other Ihan any requirenrnt that the accounis give a 'true and fair. view whTrch is noi a matter considered as pan of an independent examination., or Ihe financial statements hav¢ noi been prepared in accordancc with the methods and principles of tile Stalemeni of Recommended Practice for acGounling and reporiing by chkjrities applicable to chariii¢s preparing their accounts Én accordance with ihe Financial Reporting Standard applicable in the UK and Republi¢ of treland IFRS 102).
LLJF LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTELS OF LLJF LIMITED YEAR ENDED 31 MARCH 2024 I hav¢ no coneerns and have come across no other mailers in conneciion with the exartuna¢ion to whi¢h aLieniion should be drawn in thi5 report in order to enable a proper understanding of Ihe accounts to be reached. UHY H&ker Young (S.E.) Ltd Independent Examiner 168 Church Road Hove BN3 2DL 27 January 2025
LLJF LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTlVtTIES NCLUDING INCOME AND EXPENDITURE ACCOU) YEAR ENDED 31 MARCH 2024 2024 Restricted funds Total funds Tota] funds 2023 Note Income and endowments Charitable activities Investment income 237.162 256 237,162 256 5.500 Total income 237.418 237,418 5,500 Expenditure Expenditure on ch2ritable 2¢tsvities Totsl expenditure 70 202,254 201254 202254 202,254 Net income and net movement in funds 35.164 35.164 5,500 Reeonelllatlon of funds Total funds broughL lorward Total funds carried forward 5.500 551)0 40,664 40,664 5,500 The statemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing actlVLties. The notes on pages 9 to 17 forn) part of these financial statements.
LLJF LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 2024 2023 Note FKxed assets Tangible fixed assets 13 2,262 Current assets Debtors Cash at bank and in hand 14 62.435 20,962 83397 5,500 5500 Creditors: amount5 falling due within one year Net current assets 15 44,995 38,402 40,664 40.664 5.500 Total a55ets le55 current liabilities 5.500 Net assets 5.51)0 Funds oe the charity Resiri¢ied funds 40,664 40,664 5.500 Total ehArity funds 18 5,500 For th¢ year ending 31 March 2024 the charity was entitled 10 exemption from audit under S[10n 477 of the Companies Aci 21Y)6 relaiing io small companies. Direciors, responsibilities.. The members have no¢ required Ihe company io obtain an audit of lis financial siatement5 for the year in question in accordance with scction 476. The directors acknowledge their respon5ibilitie5 for complyiT)g with the requirements of Lhe Aci wilh respecl to accouniing records and the preparation of financial statements. These financial statements have been prepaJed in accordance wilh the provisions &ppliGable to companies subject io rhe small ¢ompanies' regime. Th¢ s¢a¢em¢ni of financial position Continues on ihe following page. The notes on pages 9 to 17 forni part ofthese financlal statements.
LLJF LIMITED COMPANY LIMITED BY GUARANTEE STATEMEINT OF FINANCIAL POSITION (eonti 31 MARCH 2024 These financial statements were approved by ihe board of trustees and authorised for issue on 27 January 2025. and are signed on behalf of the board by: Mr G J Peters Trustee The notes on pages 9 to A7 Corni part oc these financial statements.
LLJF LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 General information Th¢ fjharily is a public benefit entity and a private company limid by guarantee, registered in Bngland and Wales and a registsred chtry in England and Wales. The addre55 of th¢ r¢gist¢Ted office is 168 Church Road, Hove. East Sugsex. BN3 2DL. Ststement of compliance These finan¢ial statements have b¢en pr¢p4tyed in Co1pAidLe wi(h FRS 102, The Financial Reporting Standard applieablc in the UK and the Republic of Ireland,, the Statemeni of Recommcndcd Practice applicable io chari(ies preparing Iheir a¢counis in accordance with the FiaCIal Reporting Standard applieable in the UK and Republic of Ireland IFRS 1021 Ichariiies SORP IFRS 102)) the Compatties Aci 2006. Aeeounting policies Basis of prepAration The financial staiements have been prepared on (he hiswrical ¢OSL basis. as modified by the revaluation ol ceTtain financial assets and liabilities and inve5tmcnt propcrti¢s measured at Fair value through income or expenditure. The financial statements are prepared in sterling, which is the funciional currency of Ihe entity. Going concern There are no material uncertainties about the charity's abiliiy io ¢oniinue. Disclosure exemptions The entity satisfies the criteria of being a qualif)Ing eniity as deFAned in FRS 102. As such. advantage has been taken of the following dis¢losure exemptions available under pagraph 1.12 of FRS 102.. No cash flow statCTncnt has been presented for the company. Judgements and key sources of estimation uncertginty The preparation of the finaD¢ial st2ten*nts requires managerneni LO make judgements, estimaTrs and assump(ions thac affeci the amout]ts rew)rted. These ¢slitnat¢5 and judg¢Tren(s 2r¢ continually reviewed and are based on expericncc and other factors. including expeciations of future evenis Ihat are believed to be reasonable under the cir¢ums(ances.
LLJF LIMITED COMPANY LIMITED BY GUARAKtEE NOTES TO THE FINANCIAL STATEMENTS {coTrlxn YEAR ENDED 31 MARCH 2024 Aceounting policies (contln4rfd) Fund accounting Unreslricd funds are available for use at the disereiion of ihc truslces to further any of the chariiy's PLLrposes. Designatcd funds are unrestricted funds earmarked by the trustees for particular Euture projerl or commitment. ResLricLed funds are subjecied to resirictions on their expendiiure declared by the donor or through the term$ of an appeal, and fall into one of two sulFclasses'. restricted income funds or endowmeni funds. Incoming resources All incoming resources are included in the stalemenl of financtal actlVLties when entA(lement h pa55ed to the Ghuity; iL is probable ihat the economic benefi(s asSociad wilh the iransaciion will flow to the Charity and the amount can reliably measured. The following specific policies are applied io pthicular categories of income: income from donation5 or grants 15 recognised when there is evidence of entitlement to the gift, receipt is probablc and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donaied goods Ag measured at the fair value of the goods unlcss ihis 15 impraclical to measure reliably. in whiLh cas¢ the value is derived from ihe ¢os¢ 10 ihe donor or the estimated resale value. DOnad facillties and services are recognised in the accounts when received if the value can b¢ reliably m¢asured. No amounis a in¢luded for the contribution of general volunteers. income from colltracts for the supply of serviccs is rccogDi5ed with the delivery of the contracied service. This i% Classified as unrestri¢t¢d funds unless there is a contractual requirement for it to be spent on a particular purposc and returned if uuspent, in which case it may be regarded as restricted. io-
LLJF LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (co¥#1¢) YEAR ENDED 31 MARCH 2024 Accounting poli¢ies (cuntinttJ Resources expended Expenditure is recognised on accruals basis as a liability is IncUed. Expenditur¢ inGlud¢s any VAT whi¢h ¢annot be fully recovered, and is classified und¢r he2dings of the statemen( of fJnancial 2¢Liviiieg io which it relates-. expenditure on raising (unds includes ihe cosis of all fundraising aG¢ivitie5. events. non- ¢haritabl¢ trading a¢liviti¥s. and the sale of donated goods. expendiLure on charitable activi(ie5 includes all costs incurred by a chaJity in undcrtaking activiiies that furthcr its eharit&ble aims for the benefti of its beneficiaries, including those suppori cosis and costs relating lo th¢ gov¢inanGe of the chaiity apportioned io ch2ritable acuvitie5. oih¢r ¢xpenditure includes all expenditure ibat is neiiher related to raising funds for ihe charicy nor part of its expcnditure on charitable &c(iviiies. All costs are allocated to expendiiure catcgories rcflccting the use of the resource. Direct cost5 attribuiable io a single activity are allocated directly to that actiVAly. Shared Costs are apportion b¢tWEen the aclivities they contribute to on a reasonable. jugtifiable Émd consis(ent basis. Tangible assets Tangible SetS are initially re¢orded ai cost. and subsequently stated al cost less any cumulated depreciation and impairmcni 1055¢5. Any tangible assets carried ai revalued amounts are recorded at the fair valuc at thc datc of revaluation less any subsequeni accumulaLed depreciation and subsequeni accumulaied impairtnent losses. An increase in Ihe ¢arryino amount of an asset as a result of a rcvaluatiort, is recognised in Other recognised gains and ID55eS. Ut]less li reverses a charge for impairment that has previously been recognised as expenditure within the siatemei2t of fiTkancial activities. A decrease in the carrying aIn0ut of an assei as a result of revaluaiion, is rccogniscd in other recognised gains and losses. except lo which it offsets any previous revaluation gain, in which case the Ioss is shown within other recognised gains and1055es on ¢h¢ sla¢¢m¢nt of financial aciivities. Depreeiation Depreciation is cal¢ulaLed so as 10 write off the cost or valuation of an assct. legs its residual va]ue, oycr thc useful economic life of ihat asset as follows- Plan( and machinery 33% reducing balance
LLJF LIMITED COMPANY LIMITED B Y GUARANTEE IYOTES TO THE FINANCIAL STATEMENTS (c¢Jniwitd) YEAR ENDED 31 MARCH 2024 Aecoun¢ing pollcSes Impwirnient of fixed a&sets A review for indicators of impainnent is Carried out at each Teporting date, with thc rccoverable amount being estimatsd where su¢h indi¢aiors exist. Where the Carrying value exceeds ihe recoverable amount, (he asset Is impaired ac¢ordingly. Piior impairrnenls are also VieWed for
ssible reversal cach reporting date. For th¢ pu]poses of impairment testing. when li is no[ possibl¢ w ¢slimai¢ the r¢¢ov¢rabl¢ arnount of an individual assei. an estimaTr is made of ihe recoyerable amount of (he cash. generAung unit to which the Assel belongs. The cash-generating unit is the smallest idenLifiable group of ass¢is thai in¢ludes the asset and generates cash inflow5 thai largely independent of the cash inflows (rom othtt assets or groups of a55ets. For impainnent testing of goodwill, the goodwill acquired in a business combination is, from the acquisiiion date. allo¢at¢d io ¢a¢h of the cash-generating units that expected to benefit from Lhe synergies of the combination, Arrespeciive of whether other assets or liabilitiC5 of the chltY are assigned to those uniis. Fin4ncial instruments A financia] asset or a financial li&bility 15 r¢cognised only when the charity become5 a pany to the contractual provisions of ihe instrument. Basic financial instruments ar¢ initially recognised the amouni receivable or p&y&ble including any related transaction costs. Current assets and curren( liabiliiies are subsequently measurcd at ihc cash or other consideration expected io b¢ paid or r¢Geived and nut discounted. Debt instLwmenis are subsequently mcasurd at amortised cosl. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably. the inves¢m¢n( is subsequently measured at lair va]ue with changes in fair value r¢cognised in income and cApenditure. All other such inYestment5 are subsequendy measured at ¢osi less impairmeat. Other Fin(1a1 in5tTuments, including derivatives, are iniiially recognised at fair value, unless payment for an asset is deferred beyond nonnal business iemis or financed a( a raL¢ of interest thai is no¢ a market rate, in which case the asset is measured at the present value of the future payments di5COUtited at a markel ra of interest for a similar debi insirumeni. Other financial instruments are subsequently measured a( fair valu¢. with any changes recognised in the s(atement of financial activities. with the exception of hedging instruments in a designated hedgiE]g relaiionship. 12-
LLJF LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (coniwr d) YEAR ENDED 31 MARCH 2024 A¢counting policies lcollmim) Financial instrnments (C*111e) Financial asseis that are measur¢d at cost or amortised COSL are reviewed for objective evid¢nc¢ of impairmeni at ihe end of ea¢h reponing date. If ihere is objeciive evid¢ncc of impairmeni. an impairment loss is recogvised under the appropriate heading in the sthtement of finan¢ial activitses in which the iniiial gain was recognised. For all equiiy instruments regardless of significance, and other financial assets that are individually significant. these are assessed individually for itnpairnjent. Other finanLldl as5eL5 are eiiher assessed individually or grouped on the basis of similar crcdit risk characieristics. Any reversals of impairtnent are rerogni5¢d iMedIatelY. 10 the extent that the reversil does noi resuli in a carrying &mount of the financi21 asset Ihai exceeds what the carrying attjounl would have been had the impaiiinenl noi pVioUSlY been recognised. Defined contribution plans Concribuiions io defincd contributicjn plans are recognised a8 an expense in the period in which the relaied service is provided. Prepaid conlribuliotjs are recognised as an asset to the exnI that th¢ prepaymeni will lead to a reduction in future payments or a cash refund. Wh¢n contributions are not expected to be settled wholly WiLhtn 12 monihs of (he end of the reporiing date in which the employees render the related service. the liability is measured on a di5count¢d present value basis. The unwinding of the discount is recognis¢d as an expense in the nod An which li arise5. Limited by guarantee The company is limited by guaraniee and docs noi hdve share capital. The liability of the members in ihe event of ihe company being liquidated is lÉmited to £1 per m¢mber. Charitable activities Rcstricted Total Funds Funds 2024 Restric(ed Tolal Funds Funds 2023 Donations Grants receivable Sponsorship 17,365 14,986 204,811 17,365 14,986 204,811 237,162 5.500 5.51M) 237,162 5,500 5.5 13-
LLJF LIMITED COMPANY LIMITED B Y GUARANTEE NOTES TO THE FINANCIAL STATEIIIENTS (coAtthdj YEAR ENDED 31 MARCH 2024 Investment Ineome R¢5trictcd Total Fund5 Funds 2024 R¢stiic*d Total FuDd5 Funds 2023 Bank interest reo¢ivdbl¢ 256 2S6 Expenditure on charitable aetivities by fund type Restricted Total Funds Funds Restricied Total Funds Funds 2023 2024 Dlrect charitable activities 202,254 201254 Expenditure on charitable af tivitie5 by activlty type Activiiies undertaken Total funds directly 2024 Tothl fund 2023 Direci charitable activiiie5 202,254 202,254 Net income Nei income is st&ted after chArgingl(¢rediting).' 2024 2023 D¢pr¢¢iation of iangible fixed assets 1,132 10. Independent examination fees 2024 2023 Fees payable 10 the independent examiner for-. Independent examinaiion of Lhe finaneial st&ttmenis 5000 11. Staff costs The total staff costs and employee benefits for the reporting period arc analyscd as follows.. 2024 2023 Wages and salaries Social security Costs ETnployer contribuiions io pension plans 141,493 14,774 3,783 160,050 14.
LLJF LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conted) YEAR ENDED 31 MARCH 2024 11. Staff costs (contitttredj The average head count of employees during ihe year was 5 (2023- 11. Th¢ averdge number of full-time equivalent employees during the year is analysed as follows.. 2024 2023 Number of management starr Number of adtninistralioT] staff No employee received employe¢ benefiLS of rnore than £60.(KM) during the year12023.. Nsl). 12. Trustee remuneration and expenses No r¢munera(ion or oiher benefits from employmeni wilh the charity or a related entity wcrc received by the irustees. 13. Tangible fixed assets Plant and machinery Cost AE l April 2023 Addition5 3J94 3J94 At 31 Mareh 2024 DepreciJtioll At l April 2023 Charge for Ihe year At 31 March 2024 1,132 1,132 Carrying amount At 31 March 2024 2,262 Ai 31 March 2023 14. Debtor5 2024 2023 Trade debtors Prepayments and accrued income Other debiors 49,824 318 12,293 62,435 15.
LLJF LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conlxn YEAR ENDED 31 MARCH 2024 15. Creditors: &mounts falling due within one year 2024 2023 Trade credits)rs Accruals and deferred income Social security and other taxes Other creditors 1,410 28,986 12,942 1,657 44,995 16. Deferred income 2024 2023 Amount deferred in year 27,125 17. Pensions and other post retirement benefits Defined contributlon plans The amount recogttised in incotne or expendiiure as an expen$c in relation to defin¢d contribution plans was £3.783 (2023.. £Nill. l& Analysis of charitable funds Restricted funds At 31 March 20 24 At l April 2023 Income Expenditure ResLricled funds 5.5(M) 237,418 (202.254) 40,664 A¢ 31 Mch 202 At l April 2022 Income Expenditure Restricted funds 5.5(K) 5,500 16-
LLJF LIMrrED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENtS YEAR ENDED 31 MARCH 2024 19. Analysis of net assets between funds Restricwl Total Funds Fund5 2024 Tangtble fixed assets CU¢1 assets Creditors less than l year Net assets 2.262 83.397 (44.995) 40.664 2,262 83J97 (44,995) 40,664 Resiricied Total Funds Funds 2023 Tangible fixed asseis Curreni asse(s CTeditors less than l year Net assets 5.500 5,500 5.500 5,5(X) 17.