**REGISTERED COMPANY NUMBER: 04210715 (England and Wales) REGISTERED CHARITY NUMBER: 1099004**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 30 June 2021**
**for**
**Worthing Lions Charitable Trust Ltd. (A Company Limited by Guarantee)**
**Worthing Lions Charitable Trust Ltd.**
## **Contents of the Financial Statements for the Year Ended 30 June 2021**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6 to 7|
|**Notes to the Financial Statements**|8 to 18|
|**Detailed Statement of Financial Activities**|19 to 20|
**Worthing Lions Charitable Trust Ltd.**
## **Report of the Trustees for the Year Ended 30 June 2021**
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 2021. 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**
The charity's objectives are any charitable purpose primarily for, but not limited to, the inhabitants of the town of Worthing and its neighbourhood.
The main activities undertaken to further the charity's purposes for public benefit are the operation of a fundraising shop and the organisation of fundraising events. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
## **Achievement and performance**
The charity's main fundraising events include collections throughout December, with an evening Christmas tree collection through residential streets and town centre buckets. Our fundraising events The Worthing Lions Festival in July and the firework display in November were cancelled due to Covid 19 restrictions.
The Lions shop was closed for part of the year due to Covid 19 restrictions and it reopened with necessary safeguards to ensure social distancing and adherence to Government guidelines. It is now open 6 days a week 9.30 am to 4.30pm.
Every member, who is able, helps with our events, either behind the scenes or up front. All of their time is given freely.
## **Financial review**
The reserves of the charity are unrestricted reserves. The administration fund is an unrestricted, designated fund. The incoming resources of the administration fund include members' subscriptions and various small donations. Outgoing resources include dues to the District organisation and to Lions Club International Foundation.
Total income of the charity has decreased by 29% to £72,674, which is despite the charity being able to claim various retail Covid-19 support grants, the charity was unable to hold a number of events. Expenditure has decreased by 5% to £59,287, with net income in the year of £14,914 (2020: £39,605). At year end, the general unrestricted reserve amounted to £268,926 (2020: £254,012). This was made up of the following funds, general Fund amounting £109,300, the administration fund amounting to £10,854 and the designated fund of £148,772 for the purchase of a property in the future.
Page 1
**Worthing Lions Charitable Trust Ltd.**
## **Report of the Trustees for the Year Ended 30 June 2021**
## **Structure, governance and management**
The charity is incorporated under the Companies Act 2006. It is a company limited by guarantee. The charity is governed by the Memorandum and Articles incorporated on 3 May 2001.
The charity must have a minimum number of three trustees. At each annual general meeting one-third of the trustees who are subject to retirement by rotation or, if their number is not three or a multiple of three, the number nearest to one third shall retire from office, but if there is only one trustee who is subject to retirement by rotation, they shall retire. The trustees to retire by rotation shall be those who have been longest in office since their last appointment or reappointment. No person other than a trustee retiring by rotation shall be appointed or reappointed a trustee at any general meeting, unless they are recommended by the trustees. The trustees may be appointed by ordinary resolution either to fill a vacancy or as an additional trustee.
## **Reference and administrative details Registered Company number**
04210715 (England and Wales)
## **Registered Charity number**
1099004
## **Registered office**
85 Church Road Hove East Sussex BN3 2BB
## **Trustees**
A G Carter J M Holley J A E Hollington L Hurren L Taylor
## **Company Secretary**
K Anderson
## **Independent Examiner**
Alasdair Wilson FCA Institute of Chartered Accountants in England and Wales Wilson Sandford Limited Chartered accountants 85 Church Road Hove East Sussex BN3 2BB
Page 2
**Worthing Lions Charitable Trust Ltd.**
## **Report of the Trustees for the Year Ended 30 June 2021**
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
....................................................................
J M Holley - Trustee
Page 3
## **Independent Examiner's Report to the Trustees of Worthing Lions Charitable Trust Ltd.**
## **Independent examiner's report to the trustees of Worthing Lions Charitable Trust Ltd. ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2021.
## **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.
Alasdair Wilson FCA Institute of Chartered Accountants in England and Wales Wilson Sandford Limited Chartered accountants 85 Church Road Hove East Sussex BN3 2BB
Date: .............................................
Page 4
**Worthing Lions Charitable Trust Ltd.**
## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 June 2021**
|**2021**
**Unrestricted**
**funds**
**Notes**
**£**
**Income and endowments from**
Donations and legacies
3
**23,196**
Other trading activities
4
**48,041**
Investment income
5
**716**
Other income
**812**
**Total**
**72,765**
**Expenditure on**
Raising funds
6
**30,564**
**Charitable activities**
Charitable donations
**27,287**
**Total**
**57,851**
**NET INCOME**
**14,914**
**Reconciliation of funds**
**Total funds brought forward**
**254,012**
**Total funds carried forward**
**268,926**|**2020**
**Total**
**funds**
**£**
21,685
77,718
1,924
760
102,087
37,564
24,918
62,482
39,605
214,407
254,012|
|---|---|
The notes form part of these financial statements
Page 5
## **Worthing Lions Charitable Trust Ltd.**
## **Balance Sheet 30 June 2021**
|**2021**
**Unrestricted**
**funds**
**Notes**
**£**
**Fixed assets**
Tangible assets
12
**11,449**
**Current assets**
Debtors
13
**3,941**
Cash at bank and in hand
**263,252**
**267,193**
**Creditors**
Amounts falling due within one year
14
**(9,716)**
**Net current assets**
**257,477**
**Total assets less current liabilities**
**268,926**
**NET ASSETS**
**268,926**
**Funds**
16
Unrestricted funds
**268,926**
**Total funds**
**268,926**|**2020**
**Total**
**funds**
**£**
13,371
467
241,846
242,313
(1,672)
240,641
254,012
254,012
254,012
254,012|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 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 notes form part of these financial statements
continued...
Page 6
**Worthing Lions Charitable Trust Ltd.**
## **Balance Sheet - continued 30 June 2021**
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 ............................................. and were signed on its behalf by:
............................................. J M Holley - Trustee
The notes form part of these financial statements
Page 7
**Worthing Lions Charitable Trust Ltd.**
## **Notes to the Financial Statements for the Year Ended 30 June 2021**
## **1. General information**
The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 85 Church Road, Hove, East Sussex, BN3 2BB.The business address is 115 George V Avenue, Goring-By-Sea, Worthing, West Sussex, BN11 5SA.
The principal activity of the charity during the year was charitable purposes primarily for, but not limited to, the inhabitants of Worthing and its neighbourhood.
The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).
## **2. 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.
## **Critical accounting judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
## Significant judgements
There are no judgements that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements.
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
## **Income**
All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
continued...
Page 8
**Worthing Lions Charitable Trust Ltd.**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
## **2. Accounting policies - continued**
## **Income**
- Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the statement of financial activities when receivable.
- Investment income is included when receivable.
- Income from other trading activity is accounted for when earned.
- Government grants to compensate for the loss of current or future income are recognised in the period in respect of which they are paid..
## **Expenditure**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
- Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes.
- Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
- All costs are allocated between the expenditure categories of the statement of financial activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis, as set out in the notes to the accounts.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on reducing balance Plant and machinery - 25% on cost Fixtures and fittings - 10% on reducing balance Motor vehicles - 25% on reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
continued...
Page 9
**Worthing Lions Charitable Trust Ltd.**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
## **2. Accounting policies - continued**
## **Fund accounting**
The unrestricted fund is available for use at the discretion of the trustees in furtherance of the general objectives of the charity and has not been designated for other purposes. The unrestricted, designated "administration fund" is available for use at the discretion of the trustees but has been designated for the administration of the charity, including for the receipt and payment of subscriptions.
## **Donated goods for resale and donated services**
The trustees believe that it is impractical to measure the fair value of goods donated for resale and that the costs of valuation outweigh the benefit to users of the accounts and the charity of this information. Therefore, the donated goods are recognised on sale.
The contribution of unpaid general volunteers cannot be measured reliably. Therefore, the contribution of general volunteers is not included as income in the financial statements.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
## **3. Donations and legacies**
|Donations
Grants
Subscriptions|**2021**
**£**
**3,382**
**19,814**
**-**
**23,196**|**2020**
**£**
665
20,000
1,020
21,685|
|---|---|---|
A business support grant of £20,000 was received from Local Government to compensate for loss of income during the coronavirus pandemic.
continued...
Page 10
**Worthing Lions Charitable Trust Ltd.**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
## **3. Donations and legacies - continued**
Grants received, included in the above, are as follows:
|Other grants
**4.**
**Other trading activities**
Shop income
Fireworks
Christmas collections
Worthing Festival
Raffles
**5.**
**Investment income**
Deposit account interest
**6.**
**Raising funds**
**Raising donations and legacies**
Firework costs
Christmas collection costs
Worthing festival costs
Other costs
Support costs|**2021**
**£**
**19,814**
**2021**
**£**
**40,971**
**-**
**7,070**
**-**
**-**
**48,041**
**2021**
**£**
**716**
**2021**
**£**
**-**
**49**
**-**
**20**
**9,310**
**9,379**|**2020**
**£**
20,000
**2020**
**£**
29,201
11,935
6,704
29,768
110
77,718
**2020**
**£**
1,924
**2020**
**£**
1,899
183
5,058
799
10,537
18,476|
|---|---|---|
continued...
Page 11
**Worthing Lions Charitable Trust Ltd.**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
## **6. Raising funds - continued**
## **Other trading activities**
|Purchases
Support costs
Aggregate amounts
**Grants payable**
Charitable donations|**2021**
**£**
**21,185**
**-**
**21,185**
**30,564**
**2021**
**£**
**27,287**|**2020**
**£**
18,353
735
19,088
37,564
**2020**
**£**
24,905|
|---|---|---|
## **7. Grants payable**
A significant activity of the charity is to make donations. The donations were made to institutions and individuals as follows:
|Institutions
Individuals|**2021**
**£**
**23,553**
**3,734**
**27,287**|**2020**
**£**
**22,159**
**2,746**
**24,905**|
|---|---|---|
||||
|The analysis of total donations paid by nature is as follows:|||
||**2021**|**2020**|
|Activity
Medical
Community
Educational
Cultural
Animal
Alleviating poverty|**£**
**3,733**
**10,870**
**4,250**
**-**
**3,000**
**5,434**
**27,287**|**£**
**11,702**
**7,882**
**-**
**2,200**
**300**
**2,821**
**24,905**|
Donations to institutions over £100 were as follows:
continued...
Page 12
**Worthing Lions Charitable Trust Ltd.**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
## **7. Grants payable - continued**
||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|4Sight Vision Support|**-**|**245**|
|Adur Voluntary Action|**250**|**-**|
|Aspheleia fostering agency|**250**|**-**|
|Belarus Trust|**500**|**-**|
|Blueprint 22|**-**|**500**|
|British legion|**250**|**-**|
|Broadwater Covid-19 Initiative|**-**|**320**|
|Broadwater Support Group|**100**|**-**|
|Butterflies Breast Cancer Support Group|**-**|**2,000**|
|Care for Veterans|**1,000**|**-**|
|Crafting for Covid|**-**|**200**|
|Cruse Bereavement Care|**-**|**500**|
|Donations 4 Refugees|**100**|**-**|
|East Worthing Food Bank|**-**|**250**|
|Family Support Work|**-**|**273**|
|Ferring County Centre|**3,000**|**-**|
|Friends of the Mombasa Children|**-**|**100**|
|Go Youth Activites|**1,500**|**-**|
|Heads On|**-**|**720**|
|Home-start Arun, Worthing and Adur|**-**|**250**|
|KSS Air Ambulance|**783**|**-**|
|Lions Club International District 105SE Foundation|**2,000**|**2,000**|
|Little Owls Nursery|**250**|**-**|
|Love Your Hospital|**-**|**5,000**|
|MACS Supporting children and young people charity|**500**|**-**|
|Mary's Meals|**250**|**-**|
|Mothers Union|**1,500**|**-**|
|Myaware|**-**|**500**|
|PCaSO Prostate Cancer Support Organisation|**250**|**500**|
|Royal Voluntary Service|**-**|**100**|
|Safe in Sussex|**494**|**-**|
|Seaside Hospital Radio|**-**|**250**|
|Sight Support Worthing|**1,500**|**-**|
|Super Stars Arts|**1,500**|**-**|
|Supporting Frontline Staff|**-**|**200**|
|Sussex Aid for Refugees|**-**|**100**|
|Sussex Air Cadets|**-**|**400**|
|Sussex SQUIDS Disabled Swimming Organisation|**-**|**500**|
|Suzanne Logan School of Dance|**-**|**1,000**|
|The Chatty Café Scheme|**-**|**300**|
|Thomas A Becket School NHS competition|**750**|**-**|
|Treasure Basket Association|**2,000**|**-**|
|Turning Tides|**-**|**250**|
continued...
Page 13
**Worthing Lions Charitable Trust Ltd.**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
## **7. Grants payable - continued**
|VIBE Project
Visually Impaired Bowls England
Wadars Animal Rescue Charity
West Downs NHW Taskforce
West Down Search and Rescue
West Sussex County Council Child Asylum Team
West Sussex Music Trust
Worthing Air Cadets
Worthing Boys Club
Worthing Cats Protection League
Worthing Cue Club
Worthing Deaf 50+ Club
Worthing Food Bank
Worthing Musical Theatre Co
Worthing Shopmobility
Worthing Soup Kitchen
Worthing Town Crier
Donations under £100|**500**
**-**
**-**
**1,500**
**-**
**-**
**-**
**-**
**1,500**
**-**
**-**
**-**
**250**
**270**
**-**
**250**
**-**
**556**
**23,553**|**-**
**137**
**200**
**-**
**750**
**169**
**1,200**
**200**
**-**
**100**
**120**
**250**
**250**
**-**
**885**
**250**
**1,000**
**190**
**22,159**|
|---|---|---|
## **8. Net income/(expenditure)**
The independent examiner's remuneration amounts to an independent examination fee of £220 (2020 - £220) and other financial services of £974 (2020 - £974).
## **9. Trustees' remuneration and benefits**
There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the year ended 30 June 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 June 2021 nor for the year ended 30 June 2020.
continued...
Page 14
**Worthing Lions Charitable Trust Ltd.**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
## **10. Donated goods, facilities or services**
The charity depends on volunteers to staff the charity shop, collect donations and organise fundraising activities, as well as organise the distribution of funds raised. The contribution of the volunteers cannot be reliably measured so is not recognised in the financial statements.
The charity shop relies on donations of goods for resale. The donated goods are usually second-hand clothing, jewellery, DVDs, CDs, books and general bric-a-brac. The donated goods for resale are recognised in the financial statements at the point of sale. The income is recognised as shop income.
## **11. Employee numbers**
The average number of employees during the year was nil (2019: nil). No employees received employee benefits of more than £60,000.
## **12. Tangible fixed assets**
|**Fixtures**
**Short**
**Plant and**
**and**
**leasehold**
**machinery**
**fittings**
**£**
**£**
**£**
**Cost**
At 1 July 2020
**4,320**
**7,564**
**2,309**
Additions
**-**
**1,772**
**267**
Disposals
**-**
**(89)**
**-**
At 30 June 2021
**4,320**
**9,247**
**2,576**
**Depreciation**
At 1 July 2020
**432**
**5,547**
**310**
Charge for year
**432**
**1,846**
**227**
At 30 June 2021
**864**
**7,393**
**537**
**Net book value**
At 30 June 2021
**3,456**
**1,854**
**2,039**
At 30 June 2020
3,888
2,017
1,999|**Motor**
**vehicles**
**£**
**17,277**
**-**
**-**
**17,277**
**11,810**
**1,367**
**13,177**
**4,100**
5,467|**Totals**
**£**
**31,470**
**2,039**
**(89)**
**33,420**
**18,099**
**3,872**
**21,971**
**11,449**
13,371|
|---|---|---|
continued...
Page 15
**Worthing Lions Charitable Trust Ltd.**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
## **13. Debtors: amounts falling due within one year**
|Amounts recoverable on contract
Other debtors
Prepayments and accrued income
**14.**
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income|**2021**
**£**
**1,150**
**658**
**2,133**
**3,941**
**2021**
**£**
**2,254**
**3**
**7,459**
**9,716**|**2020**
**£**
-
-
467
467
**2020**
**£**
466
-
1,206
1,672|
|---|---|---|
## **15. Leasing agreements**
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year
Between one and five years
**Movement in funds**
**Unrestricted funds**
General fund
Admin Fund
Property Designated Fund
**TOTAL FUNDS**|**At 1/7/20**
**£**
**243,218**
**10,794**
**-**
**254,012**
**254,012**|**Net**
**movement**
**in funds**
**£**
**14,854**
**60**
**-**
**14,914**
**14,914**|**2021**
**£**
**11,583**
**5,000**
**16,583**
**Transfers**
**between**
**funds**
**£**
**(148,772)**
**-**
**148,772**
**-**
**-**|**2020**
**£**
11,000
16,583
27,583
**At**
**30/6/21**
**£**
**109,300**
**10,854**
**148,772**
**268,926**
**268,926**|
|---|---|---|---|---|
## **16. Movement in funds**
continued...
Page 16
**Worthing Lions Charitable Trust Ltd.**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
## **16. Movement in funds - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Admin Fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
Admin Fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
**70,265**
**2,500**
**72,765**
**72,765**
**At 1/7/19**
**£**
201,550
12,857
214,407
214,407|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
**(55,411)**
**14,854**
**(2,440)**
**60**
**(57,851)**
**14,914**
**(57,851)**
**14,914**
**Net**
**movement**
**At**
**in funds**
**30/6/20**
**£**
**£**
41,668
243,218
(2,063)
10,794
39,605
254,012
39,605
254,012|
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Admin Fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
101,038
1,049
102,087
102,087|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(59,370)
41,668
(3,112)
(2,063)
(62,482)
39,605
(62,482)
39,605|
|---|---|---|
continued...
Page 17
**Worthing Lions Charitable Trust Ltd.**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
## **16. Movement in funds - continued**
The unrestricted, designated "administration fund" is available for use at the discretion of the trustees but has been designated for the administration of the charity, including for the receipt and payment of subscriptions.
The designated fund has been set aside to purchase a property in the future.
## **17. Related party disclosures**
There were no related party transactions for the year ended 30 June 2021.
Page 18
**Worthing Lions Charitable Trust Ltd.**
## **Detailed Statement of Financial Activities for the Year Ended 30 June 2021**
|**2021**
**Unrestricted**
**funds**
**£**
**Income and endowments**
**Donations and legacies**
Donations
**3,382**
Grants
**19,814**
Subscriptions
**-**
**23,196**
**Other trading activities**
Shop income
**40,971**
Fireworks
**-**
Christmas collections
**7,070**
Worthing Festival
**-**
Raffles
**-**
**48,041**
**Investment income**
Deposit account interest
**716**
**Other income**
Other income
**812**
**Total incoming resources**
**72,765**
**Expenditure**
**Raising donations and legacies**
Firework costs
**-**
Christmas collection costs
**49**
Worthing festival costs
**-**
Other costs
**20**
**69**|**2020**
**Total**
**funds**
**£**
665
20,000
1,020
21,685
29,201
11,935
6,704
29,768
110
77,718
1,924
760
102,087
1,899
183
5,058
799
7,939|
|---|---|
This page does not form part of the statutory financial statements
Page 19
**Worthing Lions Charitable Trust Ltd.**
## **Detailed Statement of Financial Activities for the Year Ended 30 June 2021**
|**2021**
**Unrestricted**
**funds**
**£**
**Raising donations and legacies**
**Other trading activities**
Shop costs
**21,185**
**Charitable activities**
Grants to institutions
**23,453**
Grants to individuals
**3,834**
**27,287**
**Support costs**
**Management**
Sundries
**-**
Members' costs
**2,432**
Postage and stationery
**-**
Motor vehicle expenditure
**1,071**
Depreciation of tangible and heritage assets
**3,871**
Loss on sale of tangible fixed assets
**90**
**7,464**
**Finance**
Bank charges
**3**
**Governance costs**
Independent examiner's fee
**1,268**
Postage and stationery
**240**
Legal fees
**335**
**1,843**
Total resources expended
**57,851**
**Net income/(expenditure)**
**14,914**|**2020**
**Total**
**funds**
**£**
18,353
22,159
2,746
24,905
35
2,693
30
1,403
4,367
1,551
10,079
4
1,194
-
8
1,202
62,482
39,605|
|---|---|
This page does not form part of the statutory financial statements
Page 20