Charity Reglstration No. 1042916 BRISTOL BRUNEL LIONS CLUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30JUNE 2024 fjROUP BUSINESS ADVISORS Ground Floor Wessex House Pixash Lane Keynsham Bristol B531 ITP BRISTOL BRUNEL LIONS CLUB CONTENTS Company information Trustees, report IndependÈnt examiner's report Statement of financial activities Balance sheet Statement of cash flows Notes to the linancial statements 9-14 BRISTOL BRUNEL LIONS CLUB COMPANY INFORMATION Trustees Mark Pym William O'Neill John Suffolk Royston Wilson Ails3 Young Duncan White Charity number 1042916 Independent examiner Kevin Edenborough Ground Floor Wessex House Pixash Lane Keynsham Bristol BS31 ITP BRISTOL BRUNEL LIONS CLUB TRUSTEES. REPORT FOR THE YEAR ENDED 30JUNE 2024 The trustees present their annual report and financial statements for the year ended 30June 2024. The financial statements have been prepared in accordance with the accounting polities set out in note I to the financial statements and comply with the charity's Igoverning documentl the Charttres Act 2011 and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FPS 102}" (effective l January 2019). Objectives and activities The charity's objectives are to help a wide range of people with varying needs and support people in the local area with small grants. Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performance Significant activities and uchievements against objectives The charity's achievements include developing a number of initiatives to support youth schemes locally and reaching their 50th year of serving the community as a charity. Financial review There was surplus in the year of £611,604 which is maSnly due to the large donation of £616,112 recelved by the charity as the beneficiary of a will. The large donation will be used to extend the charity's ability to donate to local community projects over a long period of time. Rese￿e5 policy It is the policy of the charity that unrestricted funds which have not been designated for a specTrlc use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charitvs current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Plans forfuture period5 The charity's future plans are to continue to provide donations to the local community through the use of the already existing donations received as well as continuing to seek further donations and put on charitable events to generate income for the donations to the community. Strurture* governance and management The charity is unincorporated and is ran as a trust. BRISTOL BRUNEL LIONS CLUB TRusfEES' REPORT {CONTINUED) FOR THE YEAR ENDED 30JUNE 2024 The trustees who served during the year and up to the date of signature of the financial statements were: Mark Pym William O'Neill John Suffolk Royston Wilson Ailsa Young Duncan White Recruitment ond appointment of trustees The company's current policy concerning the payment of trade creditors is to follow the CBI'S Prorrpt Payers Code (copies are available from the C81, Centre Point, 103 New Oxford Street, London WCIA IDUI. The company's current policy concerninE the payment of trade creditors is to: settle the terms of payment with suppliers when agreeingthe terms of each transaction; ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts- and pay in atcordance with the company's contractual and other legal obligations. The trustees, report was approved by the Board of Trustees. William O'Neill Trustee Duncan White Trustee Date.. BRisfoL BRUNEL LIONS CWB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRlSfoL BRUNEL LIONS CLUB I report to the trustees on my examination of the financial ststements of Bristol Bnjnel Lions Club Ithe charity) for the year ended 30 June 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparaiion of the financial ststements in accordance with the requirements of the Charities Act 2011 {the 2011 Act). I report in respect of my examination of the charity's financial statements carried out under settion 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515}Ibl of the 2011 Act. Independent examiner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am 3 member of The Institute of Chartered Accountants in Engalnd and Wales, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared financial ststements in accordance with Accounting and Reporring by Charities preparing their accounts in accordante with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on l April 2005 which is referred to in the exta regulations but has now been withdrawn, l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporknng periods be8innin8 on or after I January 2015. 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 that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act- or the financial 5tstements do not accord with those records; or the financial statements do not Comp￿ with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirementthat the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to wh￿h attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Kevin Edenborough Ground Floor Keynsham Bristol BS31 ITP BRISTOL BRUNEL LIONS CLUB INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRU5fEES OF BRISTOL BRUNEL UONS CLUB Dated: 18 December 2024 BRISTOL BRUNEL LIONS CLUB sfATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30JUNE2024 Unrestrirted funds 2024 Unrestrirted funds 2023 Notes Income from: Donations and legacies Event Sales 631.416 229 12,410 Totsl income 631,645 12,410 Expendlture on". Charitable activities 20,041 11,462 Total expenditure 20.041 11.462 Net incame and movement in funds 611.604 948 Reconciliation of funds: Fund b313nces at l July 2023 11,297 10,349 Fund balances at 30June 2024 622,901 11,297 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. BRISTOL BRUNEL LIONS CLUB BALANCE SHEET A5 AT30 JUNE2024 2024 2023 Notes Current assets Cash at bank and in hand 625,301 11,297 Creditors: amounts falling due within one year 10 {2,4001 Net current assets 622,901 11,297 The funds of the charity Unrestricted funds li 622,901 11,297 622.901 11,297 The financial ststements were approved by the trustees on . William O'Neill Trustee Duncan White Trustee BRISTOL BRUNEL LIONS CLUB srATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30JUNE 2024 2024 2023 Notes Cash flows from operating artivlties Cash generated from operations 13 614,004 948 Net cash used in Investing activities Net cash used in financing actlvltfes Net Increase In cash and cash equivalents 614,004 948 Cash and cash equivalents at beginning of year 11,297 10,349 Cash and cash equlvalents at end of year 625,301 11,297 BRISTOL BRUNEL LIONS CLUB NOTES TO THE FINANCIAL 5fATEMENTS FOR THE YEAR ENDED 30JUAIE 2024 Accounting policies Charity Information Bristol Brunel Lions Clu b is a unincorporated charity- 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's Igoverning documentl, the Charities Act 2011, FRS 102 Yhe Financial Reporknng Standard applicable in the UK and Republic of Ireland" {"FRS 102"} and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective l January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been wlthdrawn. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the hlstoric31 cost convention, Imodified to indude the revaluation of freehold properties and to include investment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestrirted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are Subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained bythe charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions haje been met, the amounts can be measured reliably, and it is probable that income will be received. BRISTOL BRUNEL LIONS CLUB NOTES TO THE FINANCIAL STATEMENTS ICONTINUED} FOR THE YEAR ENDED 30JUNE2024 Accounting policies Icontinued) Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferrdl of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure is recognised once there is a leg31 or constructive obligation to transfer economic b￿efit to a third party, it is probable that a transfer of economic benefits will be required in settlement. andthe amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dIr￿t costs and shared costs, including support costs involved in undertaking each activity. Direct costs attribut3E4e to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those actniities on a basis consistent with the use of resources. Central staff costs are allocated on the basi5 Of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Bosicfinuncial assets Basic financial assets, which include debtors and cash and bank balances. are initially measured transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basicfinan¢ial liabillues Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the PfEsent value of the future payments discounted at a market rate of interest. Financial liabilitie5 classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade credltors are obligations to pay for goods or services that have been acquired in the ordinwy course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as noTrcurrent liabilities. Trade creditors are recognised initially at tran5artion price and subsequently measured at amortÉsecl cost Using the effective interest method. 10- BRISTOL BRUNEL LIONS CLUB NOTES TO THE FINANCIAL STATEMENTS (COKllNUED) FOR THE YEAR ENDED 30JUIVE 2024 Accounting policies (Continued) Derecognition oAfinancial liobilities Financial liabilities are derecognised when the charity's contrdttual obligations expire or are discharged or cancelled. 1.7 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Critical accountlng estlrnates and Judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recoEnised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted funds 2024 Unrestricted funds 2023 Donations and gifts Legacies 15,304 616,112 12,410 631,416 12,410 11 BRISTOL BRUNEL LIONS CLUB NOTES TO THE FINANCIAL ￿ATEmENTs (CONTINUED) FOR THE YEAR ENDED 30JUNE 2024 11 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds bythetrustees for specific purposes. At l July 2023 Incominz resources Resources expended At 30June 2024 General funds 11,297 631,645 {20,041) 622.901 Previous year: At l July 2022 Incomtng resour Resources expended At 30June 2023 General funds 10,349 12,410 111,462) 11,297 12 Related party transactions There were no disclosable related party transactions during the year12023- none). 13 Cash generated from operations 2024 2023 Surplus for the year 611.604 948 Movements in working capital: Increase in creditor5 2,400 Cash generated from operations 614,004 948 14 Analysis of changes in net funds The charity had no material debt during the year. 14-