REGISTERED COMPANY NUMBER: 04210715 (England and Wales) REGISTERED CHARITY NUMBER: 1099004
Reportof the Trustees and Unaudited Financial Statements for the Year Ended 30th June 2023 for
WORTHING LIONS CHARITABLE TRUST LTD.
MastersFuller Chartered Certified Accountants 38 Salisbury Road Worthing West Sussex BNI] IRD
WORTHINGLIONS CHARITABLE TRUST LTD.
Contents of the Financial Statements for the Year[Ended][30th][June][2023]
| Page | |||
|---|---|---|---|
| Report of theTrustees | I | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement ofFinancial Activities | 4 | ||
| Balance Sheet | 5 | ||
| NotestotheFinancialStatements | 6 | to | 12 |
WORTHINGLIONS CHARITABLE TRUST LTD. for Reportof the Trustees the YearEnded 30th June 2023
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 30th June 2023. 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 | January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
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
Charitable activities
The charity's main fundraising events include collections throughout December, with an evening Christmas tree collection through residential streets and town centre buckets. The charity also undertakes fundraising events including The Worthing Lions Festival in July and the firework display in November, The Lions also run a shop. The shop is 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
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' donations and various other small donations. Outgoing resources include dues to the District organisation, Lions Club International and to Lions Club International Foundation.
Total income of the charity has increased by 14% to £112,370, mainly increases in the shop and the festival income. Expenditure has increased by 20% to £90,777 with net income in the year of £21,593 (2022: £23,728). Expenditure included a 26% increase to £36,526 in the grants made for charitable purposes. At year end, the general unrestricted reserve amounted to £314,247 (2021: £292,654). This was made up of the following funds, general fund amounting £138,873, the administration fund amounting to £12,697 and the designated fund of £162,677 for the purchase of a property in the future.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is incorporated under the Companies Act 2006. It is a company limited by guarantee, and is governed by its 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
Page |
WORTHINGLIONS CHARITABLE TRUST LTD.
Report of the Trustees for the Year Ended 30th June 2023
Registered office 38 Salisbury Road Worthing West Sussex BN1I1 IRD
Trustees A G Carter JM Holley JAE Hollington L Hurren L Taylor A J Tincknell (appointed 12.7.22)
Company Secretary K Anderson
Independent Examiner IM Walker FCCA MastersFuller Chartered Certified Accountants 38 Salisbury Road Worthing West Sussex BNII IRD
Approved by order of the board of trustees on 8th December 2023 and signed on its behalf by:
JM Holley - Trustee
Page 2
Independent Examiner's Report to the Trustees of WorthingLions Charitable Trust Ltd.
Independent examiner's report to the trustees of Worthing Lions Charitable Trust Ltd. (‘the Com pany') I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th June 2023.
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 cligible for independent examination, | 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. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
Es 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
-
- 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 ofIreland (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.
IM Walker FCCA
The Association of Chartered Certified Accountants
MastersFuller
38 Salisbury Road Worthing West Sussex BNII IRD
8th December 2023
Page 3
WORTHINGLIONS CHARITABLE TRUST LTD.
Statementof Financial Activities for the YearEnded 30th June 2023
----- Start of picture text -----
||||||
|---|---|---|---|---|
|2023|2022|
|Unrestricted|Total|
|funds|funds|
|Notes|£|ES|
|INCOME AND ENDOWMENTS|FROM|
|Donations|and|legacies|5,461|7.355|
|Other trading|activities|2|105,501|90,062|
|Investment|income|3|497|414|
|Other|income|911|380|
|Total|112,370|98,189|
|EXPENDITURE|ON|
|Raising|funds|4|54,251|45,400|
|Charitable|activities|
|Medical|9,285|6,420|
|Community|17,505|10,821|
|Educational|2,400|-|
|Cultural|840|~|
|Animal|350|-|
|Alleviating|poverty|6,146|11,820|
|Total|90,777|74,461|
|NET INCOME|21,593|23,728|
|RECONCILIATION|OF FUNDS|
|Total|funds brought forward|292,654|268,926|
|TOTAL FUNDS CARRIED FORWARD|314,247|292.654|
----- End of picture text -----
The notes form part of these financial statements
Page 4
WORTHING LIONS CHARITABLE TRUST LTD.
Balance Sheet 30th June 2023
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|2023|2022|
|Unrestricted|Total|
|funds|funds|
|FIXED|ASSETS|Notes|£.|£|
|Tangible|assets|9|11,858|13,661|
|CURRENT|ASSETS|
|Debtors|10|4,462|3,989|
|Cash|at|bank|and|in|hand|307,951|286,920|
|312,413|290,909|
|CREDITORS|
|Amounts|falling|due within one year|1]|(10,024)|(11,916)|
|NET CURRENT ASSETS|302,389|278,993|
|TOTAL ASSETS|LESS CURRENT|
|LIABILITIES|314,247|292,654|
|NET ASSETS|314,247|292,654|
|FUNDS|13|
|Unrestricted|funds|314,247|292,654|
|TOTAL FUNDS|314,247|292,654|
----- End of picture text -----
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 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.
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 8th December 2023 and were signed on its behalf by:
J M Holley - Trustee
The notes form part of these financial statements
Page 5
WORTHINGLIONS CHARITABLE TRUST LTD. Notes to the Financial Statements for the Year Ended 30th June 2023
- 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 Ircland (RS 102) (effective | 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.
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 cach asset over its estimated useful life. Short leasehold - 10% on cost 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.
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.
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 gencral volunteers is not included as income in the financial statements.
Page 6
continued...
WORTHING LIONSCHARITABLETRUST LTD.
Notes to the Financial Statementscontinued for the Year Ended 30th June 2023
| 2. | OTHERTRADING ACTIVITIES | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Shop income | 59,901 | 52,819 | |
| Fireworks | 6,703 | 10,984 | |
| Carboot sales | 4,425 | 25372 | |
| Christmas collections | 8,446 | 7,004 | |
| Worthing festival | 26,026 | 16,883 | |
| 105,501 | 90,062 | ||
| 3. | INVESTMENT INCOME | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Deposit account interest | 497 | 414 | |
| 4. | RAISING FUNDS | ||
| Raisingdonations and legacies | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Firework costs | 440 | 2,291 | |
| Christmas collection costs | 1,042 | 74 | |
| Raffle prizes | - | 959 | |
| Festival costs | 11,654 | 4,880 | |
| Other costs | 1,548 | - | |
| Support costs | 12,201 | 9,878 | |
| 26,885 | 18,082 | ||
| 5. | GRANTS PAYABLE | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Medical Community Educational Cultural |
9,285 17,505 2,400 840 |
6,420 10,821 - = |
|
| Animal | 350 | - | |
| Alleviatingpoverty | 6,146 | 11,820 | |
| 36,526 | 29,061 |
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continued...
WORTHING LIONS CHARITABLE TRUST LTD.
Notesto the Financial Statements -continued for the Year Ended 30th June 2023
5. GRANTS PAYABLE - continued The total grants paid to institutions during the year was as follows:
| GRANTS PAYABLE - continued The total grants paid to institutions during the year wasthe year wasyear waswas as follows: |
||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Ist Durrington Scouts | 101 | - |
| AFC Worthing Youth team | - | 585 |
| Andy's Angels | 2,600 | 450 |
| Cancer United | 2,100 | - |
| Care forVeterans | 300 | 500 |
| Community Works Food Bank | 500 | - |
| Coppafeel | 250 | - |
| Davison WorthingYouthBand | - | 6,000 |
| Ferring FC U10s | 762 | . |
| Genesis Dance Troupe | 5,000 | - |
| Girl Guides | 420 | - |
| GoYouth Activities | - | 750 |
| Help Ukraine | - | 200 |
| Independent Lives | 2,740 | - |
| Kids CancerCharity | - | 1,100 |
| KSS AirAmbulance | 442 | - |
| Lancing Sompting Food Bank | - | 500 |
| Les Alden Foundation | - | 500 |
| Lions Club International District 105SE Foundation | 4,000 | 4.000 |
| Lions Club International District 105SE Ukraine | - | 5,000 |
| LoveYour Hospital | - | 1,500 |
| Maybridge Keystone | 30 | 360 |
| Moorfields Lions KJorleBu Trust | 2,000 | “ |
| Pinnacle for Worthing FC | 619 | - |
| Prostate CancerSupport Organisation | 1,753 | 130 |
| Reaching Families | - | 100 |
| RNLI | 220 | - |
| Seaside Hospital Radio | 250 | 250 |
| Shout WorthingSoup Kitchen | 701 | 1,000 |
| St Barnabas House | 790 | - |
| StMichaels Church | - | 500 |
| Super Star Arts | 250 | - |
| Sussex Clubs forYoung People | 100 | - |
| Sussex Pet Rescue | 100 | - |
| Thomas A Becket School | 1,000 | . |
| Turtle Conservation | 200 | - |
| Ukraine SunflowerAid | - | 1,000 |
| VIBE | 500 | - |
| WestDowns NHW |
400 | - |
| West SussexMind | 150 | - |
| WestTarringMU | 620 | - |
| Worthing& District First Responders | - | 500 |
| Worthing AreaTwins& Triplets | 100 | - |
| Worthing FC U9s | 180 | - |
| Worthing Dementia Action Alliance | 100 | - |
| Worthing Food Foundation | - | 120 |
| Worthing Mencap | 250 | - |
| Worthing Pavilion Bowling Club | 250 | 300 |
| Worthing Rowing Club | 200 | - |
| Worthing Veterans Association | - | 150 |
| Donations under £100 | 250 | 69 |
| 30,228 | 25,564 |
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WORTHING LIONSCHARITABLETRUST LTD.
Notes to the Financial Statements - continued for theYear Ended 30th June 2023,
- GRANTS PAYABLE - continued
The charity paid grants of £6,298 to individuals.
- NET INCOMEKEXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
----- Start of picture text -----
||||||
|---|---|---|---|---|
|2023|2022|
|£|£|
|Independent|examiner's|remuneration|1,500|1,476|
|Depreciation|- owned|assets|3,631|2,564|
----- End of picture text -----
- Bs TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuncration or other benefits for the year ended 30th June 2023 nor for the year ended 30th June 2022.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 30th June 2023 nor for the year ended 30th June 2022.
- DONATED GOODS, FACILITIES AND 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 include second-hand clothing, disability aids, electrical, 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.
- TANGIBLE FIXED ASSETS
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Fixtures|
|Short|Plant and|and|Motor|
|leasehold|machinery|fittings|vehicles|Totals|
|£|£|£|£|£|
|COST|
|At|Ist July 2022|4,320|10,813|3,336|17,277|35,746|
|Disposals|-|1,828|-|=|1,828|
|At 30th|June 2023|4,320|12,641|3,336|17277|37,574|
|DEPRECIATION|
|At|Ist July 2022|1,296|5,770|817|14,202|22,085|
|Charge|for year|432|2,178|252|769|3,631|
|At 30th|June 2023|1,728|7,948|1,069|14,971|25,716|
|NET|BOOK VALUE|
|At|30th June 2023|2,592|4,693|2,267|2,306|11,858|
|At 30th|June 2022|3,024|5,043|2,519|3,075|13,661|
----- End of picture text -----
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WORTHINGLIONS CHARITABLE TRUST LTD.
Notes to the Financial Statements - continued for the Year Ended 30th June 2023
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| £ | na | ||||
| Other debtors | 1,300 | 700 | |||
| Prepayments and accrued income | 3,162 | 3,289 | |||
| 4,462 | 3,989 | ||||
| LL. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2023 | 2022 | ||||
| £ | £, | ||||
| Trade creditors | 514 | 879 | |||
| Other creditors | - | I | |||
| Accruals and deferred income | 9,510 | 11,036 | |||
| 10,024 | 11,916 | ||||
| 12. | LEASING AGREEMENTS | ||||
| Minimum leasepayments under non-cancellable operating leases fall due as follows: | |||||
| 2023 | 2022 | ||||
| £ | if | ||||
| Within oneyear | 12,000 | 5,000 | |||
| Betweenone and fiveyears | 17,000 | - | |||
| 29,000 | 5,000 | ||||
| 13; | MOVEMENT INFUNDS | ||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.7.22 | in funds | funds | 30.6.23 | ||
| z | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 125,159 | 21,164 | (7,450) | 138,873 | |
| Admin fund | 12,765 | (68) | ~ | 12,697 | |
| Property designated fund | 154,730 | 497 | 7,450 | 162,677 | |
| 292,654 | 21,593 | - | 314,247 | ||
| TOTALFUNDS | 292,654 | 21,593 | - | 314,247 |
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WORTHINGLIONS CHARITABLE TRUST LTD.
Notes to the Financial Statements - continued
for the Year Ended 30th June 2023,
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|107,047|(85,883|)|21,164|
|Admin|fund|4,826|(4,894)|(68)|
|Property|designated|fund|497|-|497|
|112,370|(90,777)|21,593|
|TOTAL FUNDS|112,370|(90,777)|21,593|
|Comparatives|for movement|in|funds|
|Net|Transfers|
|movement|between|At|
|At|1.7.21|in|funds|funds|30.6.22|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|109,300|21,403|(5,544)|125,159|
|Admin|fund|10,854|1,911|-|12,765|
|Property|designated|fund|148,772|414|5,544|154,730|
|268,926|23,728|-|292,654|
|TOTAL FUNDS|268,926|23,728|-|292,654|
|Comparative|net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|Gencral|fund|93,244|(71,841)|21,403|
|Admin|fund|4,531|(2,620)|1,911|
|Property|designated|fund|414|-|414|
|98,189|(74,461)|23,728|
|TOTAL FUNDS|98,189|(74,461)|23,728|
----- End of picture text -----
The Admin 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 Property Designated fund has been set aside to purchase a property in the future.
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WORTHINGLIONS CHARITABLE TRUST LTD.
Notesto the Financial Statementscontinued for the Year Ended 30th June 2023.
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30th June 2023.
Page 12