2021-06-30-accounts - Kenilworth Lions Limited

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COMPANY REGISTRATION NUMBER: 06612121 CHARITY REGISTRATION NUMBER: 1124888

KENILWORTH LIONS LIMITED Company Limited by Guarantee

Unaudited Financial Statements

30 June 2021

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Financial Statements

Year ended 30 June 2021

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	3
Statement of financial activities (including income and
expenditure account)	5
Statement of financial position	6
Notes to the financial statements	7

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 June 2021

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2021.

Reference and administrative details

Registered charity name KENILWORTH LIONS LIMITED Charity registration number 1124888 Company registration number 06612121 Principal office and registered John Price House office Farmer Ward Road Kenilworth Warwickshire CV8 2DH

The trustees

Mr R G Tyler Mr E J Curtis Mr C K Bailey Mr A D Cartwright Mr W Birkett Mr D Maxted Mr P Inshaw Mr B T Morris Mr T C P Lee Mr I K Pointon

Accountants

Chapman and Co Chartered Certified Accountants 28 Delaware Road Styvechale Coventry West Midlands CV3 6LX

Structure, governance and management

Kenilworth Lions Limited was incorporated on 5 June 2008. It is a company limited by guarantee as defined by the Companies Act 2006 whose members are fully paid up members of Kenilworth Lions CIO,.

Objectives and activities

The overriding objective of the company is to support disadvantaged members of the community in Coventry and Warwickshire.

The main activity of the company is the collection and sale of donated furniture, white goods and other saleable items. Funds raised are then applied for the benefit of other organisations established for charitable purposes, principally Kenilworth Lions Club, who meet charitable needs in accordance with

KENILWORTH LIONS LIMrrED Tnot•u' Annual R•ptyt {In¢orporatlng the Dlrnctorfs R•port) Yoar •ndod 30 Jun• 2021 Thg opwat•)Tt vrns rg8lriet•ts to nina morths of flnanc4al year due to co 19. W8 to opor•te tsvo v4n5 Irorn our prnmises in Famier Ward Ro&J. Kenihvorth, collecting and rnindful of the safety and wellteing of Jr supp)rteT5 toam of vrknteers. gan8r8tad ¢harf18bl8 ftands and held W Indfvklu816 and or9anL8alh)n8 In the arna. We Imve also The Clwity thntinu8S to UFgrad8 its property. sibJatd kn F4mw Road. KeTrlhth. for th? The Dlrecb)rn ove grtefiJl for thE hdp aThJ •ssist•K by memtArs of Kenth Lions aub. Jun8 2021 were £29.284 (20t9R020: £50.09tk Th8 ccw rS1¥8d B coron•virussmal n85sgrant of£9,669 dwirvJ the y88r. ft made th8rllabkn dcrfwtiDns >*ar 01£64,fAKI a Snd ¥thlde. We h)teThl ts) makntaln rgsgrv88 of£47.1)00 the 2021r22 yearto pTr)vide a ¢Ltshi¢xi Ihe small ry)mpanfjgs exemptkn. MrE MrRGTfvr

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of KENILWORTH LIONS LIMITED

Year ended 30 June 2021

I report on the financial statements for the year ended 30 June 2021, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement.

KENILWORTH LIONS LIMITED Company Limited by Guarantee Independent Examinerfs Reportto the Trustees of KENILWORTH LIONS LIMITED (C¢)ntinuedJ Year ended 30 June 2021 Independent examinerfs statement In (x)nnection with my examination, no mattef has come to my attention.. 111 which gives rne reasonable rAuse to believe that in any material respect the requirements". lo keep accounting records in accor11an with section 386 of tha Companies Act 2CX)6, and lo ptepare awounts whith ao(x)rd with the aecounting rècords, comply with the ac£ounting requirements of section 396 of the Companies Art 2006 and witti the methods and prln¢iples of the Ststemenl of Re¢ommended Practice.. Accounting and Reporting by Charitie5 have not been m6L or 121 to which, in my opinion, attention should be drawn in order lo enable 8 proper understanding of the aco)unts to be reached. John Chapman FCCA CHAPMAN AND CO Chartered Certifi8d Accountants 28 Delaware Road Styvechale Coventry West Midlands CV3 6LK I kL:(7nuAhl g.2L

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

30 June 2021

		2021	2021	2020
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Other trading activities	5	29,284	29,284	50,091
Investment income	6	32	32	342
Other income	7	9,669	9,669	11,918
		----------------------------	----------------------------	----------------------------
Total income		38,985	38,985	62,351
		============================	============================	============================
Expenditure
Expenditure on raising funds:
Costs of other trading activities	8	10,402	10,402	14,341
Other expenditure	9	64,000	64,000	42,500
		----------------------------	----------------------------	----------------------------
Total expenditure		74,402	74,402	56,841
		============================	============================	============================
		----------------------------	----------------------------	----------------------------
Net income/(deficit) and net movement in funds		(35,417)	(35,417)	5,510
		============================	============================	============================
Reconciliation of funds
Total funds brought forward		298,165	298,165	292,655
		--------------------------------	--------------------------------	--------------------------------
Total funds carried forward		262,748	262,748	298,165
		================================	================================	================================

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The notes on pages 7 to 12 form part of these financial statements.

I(ENILWORTH LIONS LIMrrED 30 Jurn 2021 Cu¥Thrtt •ts 51 10&1eO 15 (7631 51299 107.397 261748 29&.1 262.748 298.165 262.748 216$ Li fkNLJAn) tetrAYollhe tpr. •EJCwéB

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements

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 John Price House, Farmer Ward Road, Kenilworth, Warwickshire, CV8 2DH.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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 to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - no depreciation provided

Fixtures, fittings and equipment - over 4 years on a straight line basis

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

4. Limited by guarantee

The company is a company limited by guarantee not having a share capital. The liability of each member is limited to £1.

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

5. Other trading activities

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Store takings	29,284	29,284	50.091	50.091
		============================	============================	============================	============================
6.	Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Bank deposit interest	32	32	342	342
		==============	==============	==============	==============
7.	Other income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Recycling payments	-	-	1,918	1,918
	Coronavirus small business grants	9,669	9,669	10,000	10,000
		----------------------------	----------------------------	----------------------------	----------------------------
		9,669	9,669	11,918	11,918
		============================	============================	============================	============================
8.	Costs of other trading activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Store costs - other	11,179	11,179	14,018	14,018
	Store costs - depreciation	(777)	(777)	323	323
		----------------------------	----------------------------	----------------------------	----------------------------
		10,402	10,402	14,341	14,341
		============================	============================	============================	============================
9.	Other expenditure
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Donations	64,000	64,000	42,500	42,500
		============================	============================	============================	============================
10.	Net income
	Net income is stated after charging/(crediting):
				2021	2020
				£	£
	Depreciation of tangible fixed assets			(777) =======================	323 =======================

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2020

11. Independent examination fees

	2021	2020
	£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements	240 ==============	240 ==============

12. Staff costs

The company had no employees during the year.

13. Trustee remuneration and expenses

The directors of the company received no remuneration during the year.

14. Tangible fixed assets

	Freehold	Fixtures and	Motor
	property	fittings	vehicles	Total
	£	£	£	£
Cost
At 1 July 2020	189,896	1,862	21,895	213,653
Additions	-	-	22,404	22,404
Disposals	-	-	(21.895)	(21,895)
	--------------------------------	-----------------------	----------------------------	--------------------------------
At 30 June 2021	189,896	1,862	22,404	214,162
	================================	=======================	============================	================================
Depreciation
At 1 July 2020	–	990	21,895	22,885
Disposals			(21,895)	(21,895)
Charge for the year	–	323	1,400	1,723
	--------------------------------	-----------------------	----------------------------	--------------------------------
At 30 June 2021	–	1,313	1,400	2,713
	================================	=======================	============================	================================
Carrying amount
At 30 June 2021	189,896	549	21,004	211,449
	================================	=======================	============================	================================
At 30 June 2020	189,896	872	-	190,768
	================================	=======================	============================	================================
Creditors: amounts falling due within one year
			2021	2020
			£	£
Overpayment from Warwick District Council			-	763
			----------------------------	----------------------------
			-	763
			============================	============================

15. Creditors: amounts falling due within one year

16. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
		At			At
	1	July 2020	Income	Expenditure	30 Jun 2021
		£	£	£	£
General funds		298,165	38,985	(74,402)	262,748
		================================	============================	============================	================================

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

17. Analysis of net assets between funds

	Unrestricted
	Funds
	£
Tangible fixed assets	211,449
Current assets	51,299
	--------------------------------
Net assets	262,748
	================================

COMPANY REGISTRATION NUMBER: 06612121 CHARITY REGISTRATION NUMBER: 1124888

KENILWORTH LIONS LIMITED Company Limited by Guarantee

Unaudited Financial Statements

30 June 2021

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Financial Statements

Year ended 30 June 2021

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	3
Statement of financial activities (including income and
expenditure account)	5
Statement of financial position	6
Notes to the financial statements	7

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 June 2021

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2021.

Reference and administrative details

The trustees

Mr R G Tyler Mr E J Curtis Mr C K Bailey Mr A D Cartwright Mr W Birkett Mr D Maxted Mr P Inshaw Mr B T Morris Mr T C P Lee Mr I K Pointon

Accountants

Chapman and Co Chartered Certified Accountants 28 Delaware Road Styvechale Coventry West Midlands CV3 6LX

Structure, governance and management

Kenilworth Lions Limited was incorporated on 5 June 2008. It is a company limited by guarantee as defined by the Companies Act 2006 whose members are fully paid up members of Kenilworth Lions CIO,.

Objectives and activities

The overriding objective of the company is to support disadvantaged members of the community in Coventry and Warwickshire.

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of KENILWORTH LIONS LIMITED

Year ended 30 June 2021

Respective responsibilities of trustees and examiner

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.

Basis of independent examiner's report

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

30 June 2021

		2021	2021	2020
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Other trading activities	5	29,284	29,284	50,091
Investment income	6	32	32	342
Other income	7	9,669	9,669	11,918
		----------------------------	----------------------------	----------------------------
Total income		38,985	38,985	62,351
		============================	============================	============================
Expenditure
Expenditure on raising funds:
Costs of other trading activities	8	10,402	10,402	14,341
Other expenditure	9	64,000	64,000	42,500
		----------------------------	----------------------------	----------------------------
Total expenditure		74,402	74,402	56,841
		============================	============================	============================
		----------------------------	----------------------------	----------------------------
Net income/(deficit) and net movement in funds		(35,417)	(35,417)	5,510
		============================	============================	============================
Reconciliation of funds
Total funds brought forward		298,165	298,165	292,655
		--------------------------------	--------------------------------	--------------------------------
Total funds carried forward		262,748	262,748	298,165
		================================	================================	================================

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The notes on pages 7 to 12 form part of these financial statements.

I(ENILWORTH LIONS LIMrrED 30 Jurn 2021 Cu¥Thrtt •ts 51 10&1eO 15 (7631 51299 107.397 261748 29&.1 262.748 298.165 262.748 216$ Li fkNLJAn) tetrAYollhe tpr. •EJCwéB

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 June 2021

1. General information

2. Statement of compliance

3. Accounting policies

Basis of preparation

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

3. Accounting policies (continued)

Incoming resources

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

Tangible assets

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

3. Accounting policies (continued)

Tangible assets (continued)

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - no depreciation provided

Fixtures, fittings and equipment - over 4 years on a straight line basis

Impairment of fixed assets

4. Limited by guarantee

The company is a company limited by guarantee not having a share capital. The liability of each member is limited to £1.

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

5. Other trading activities

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Store takings	29,284	29,284	50.091	50.091
		============================	============================	============================	============================
6.	Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Bank deposit interest	32	32	342	342
		==============	==============	==============	==============
7.	Other income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Recycling payments	-	-	1,918	1,918
	Coronavirus small business grants	9,669	9,669	10,000	10,000
		----------------------------	----------------------------	----------------------------	----------------------------
		9,669	9,669	11,918	11,918
		============================	============================	============================	============================
8.	Costs of other trading activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Store costs - other	11,179	11,179	14,018	14,018
	Store costs - depreciation	(777)	(777)	323	323
		----------------------------	----------------------------	----------------------------	----------------------------
		10,402	10,402	14,341	14,341
		============================	============================	============================	============================
9.	Other expenditure
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Donations	64,000	64,000	42,500	42,500
		============================	============================	============================	============================
10.	Net income
	Net income is stated after charging/(crediting):
				2021	2020
				£	£
	Depreciation of tangible fixed assets			(777) =======================	323 =======================

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2020

11. Independent examination fees

	2021	2020
	£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements	240 ==============	240 ==============

12. Staff costs

The company had no employees during the year.

13. Trustee remuneration and expenses

The directors of the company received no remuneration during the year.

14. Tangible fixed assets

	Freehold	Fixtures and	Motor
	property	fittings	vehicles	Total
	£	£	£	£
Cost
At 1 July 2020	189,896	1,862	21,895	213,653
Additions	-	-	22,404	22,404
Disposals	-	-	(21.895)	(21,895)
	--------------------------------	-----------------------	----------------------------	--------------------------------
At 30 June 2021	189,896	1,862	22,404	214,162
	================================	=======================	============================	================================
Depreciation
At 1 July 2020	–	990	21,895	22,885
Disposals			(21,895)	(21,895)
Charge for the year	–	323	1,400	1,723
	--------------------------------	-----------------------	----------------------------	--------------------------------
At 30 June 2021	–	1,313	1,400	2,713
	================================	=======================	============================	================================
Carrying amount
At 30 June 2021	189,896	549	21,004	211,449
	================================	=======================	============================	================================
At 30 June 2020	189,896	872	-	190,768
	================================	=======================	============================	================================
Creditors: amounts falling due within one year
			2021	2020
			£	£
Overpayment from Warwick District Council			-	763
			----------------------------	----------------------------
			-	763
			============================	============================

15. Creditors: amounts falling due within one year

16. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
		At			At
	1	July 2020	Income	Expenditure	30 Jun 2021
		£	£	£	£
General funds		298,165	38,985	(74,402)	262,748
		================================	============================	============================	================================

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

17. Analysis of net assets between funds

	Unrestricted
	Funds
	£
Tangible fixed assets	211,449
Current assets	51,299
	--------------------------------
Net assets	262,748
	================================

COMPANY REGISTRATION NUMBER: 06612121 CHARITY REGISTRATION NUMBER: 1124888

KENILWORTH LIONS LIMITED Company Limited by Guarantee

Unaudited Financial Statements

30 June 2021

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Financial Statements

Year ended 30 June 2021

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	3
Statement of financial activities (including income and
expenditure account)	5
Statement of financial position	6
Notes to the financial statements	7

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 June 2021

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2021.

Reference and administrative details

The trustees

Mr R G Tyler Mr E J Curtis Mr C K Bailey Mr A D Cartwright Mr W Birkett Mr D Maxted Mr P Inshaw Mr B T Morris Mr T C P Lee Mr I K Pointon

Accountants

Chapman and Co Chartered Certified Accountants 28 Delaware Road Styvechale Coventry West Midlands CV3 6LX

Structure, governance and management

Kenilworth Lions Limited was incorporated on 5 June 2008. It is a company limited by guarantee as defined by the Companies Act 2006 whose members are fully paid up members of Kenilworth Lions CIO,.

Objectives and activities

The overriding objective of the company is to support disadvantaged members of the community in Coventry and Warwickshire.

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of KENILWORTH LIONS LIMITED

Year ended 30 June 2021

Respective responsibilities of trustees and examiner

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.

Basis of independent examiner's report

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

30 June 2021

		2021	2021	2020
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Other trading activities	5	29,284	29,284	50,091
Investment income	6	32	32	342
Other income	7	9,669	9,669	11,918
		----------------------------	----------------------------	----------------------------
Total income		38,985	38,985	62,351
		============================	============================	============================
Expenditure
Expenditure on raising funds:
Costs of other trading activities	8	10,402	10,402	14,341
Other expenditure	9	64,000	64,000	42,500
		----------------------------	----------------------------	----------------------------
Total expenditure		74,402	74,402	56,841
		============================	============================	============================
		----------------------------	----------------------------	----------------------------
Net income/(deficit) and net movement in funds		(35,417)	(35,417)	5,510
		============================	============================	============================
Reconciliation of funds
Total funds brought forward		298,165	298,165	292,655
		--------------------------------	--------------------------------	--------------------------------
Total funds carried forward		262,748	262,748	298,165
		================================	================================	================================

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The notes on pages 7 to 12 form part of these financial statements.

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KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 June 2021

1. General information

2. Statement of compliance

3. Accounting policies

Basis of preparation

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

3. Accounting policies (continued)

Incoming resources

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

Tangible assets

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

3. Accounting policies (continued)

Tangible assets (continued)

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - no depreciation provided

Fixtures, fittings and equipment - over 4 years on a straight line basis

Impairment of fixed assets

4. Limited by guarantee

The company is a company limited by guarantee not having a share capital. The liability of each member is limited to £1.

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

5. Other trading activities

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Store takings	29,284	29,284	50.091	50.091
		============================	============================	============================	============================
6.	Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Bank deposit interest	32	32	342	342
		==============	==============	==============	==============
7.	Other income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Recycling payments	-	-	1,918	1,918
	Coronavirus small business grants	9,669	9,669	10,000	10,000
		----------------------------	----------------------------	----------------------------	----------------------------
		9,669	9,669	11,918	11,918
		============================	============================	============================	============================
8.	Costs of other trading activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Store costs - other	11,179	11,179	14,018	14,018
	Store costs - depreciation	(777)	(777)	323	323
		----------------------------	----------------------------	----------------------------	----------------------------
		10,402	10,402	14,341	14,341
		============================	============================	============================	============================
9.	Other expenditure
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Donations	64,000	64,000	42,500	42,500
		============================	============================	============================	============================
10.	Net income
	Net income is stated after charging/(crediting):
				2021	2020
				£	£
	Depreciation of tangible fixed assets			(777) =======================	323 =======================

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2020

11. Independent examination fees

	2021	2020
	£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements	240 ==============	240 ==============

12. Staff costs

The company had no employees during the year.

13. Trustee remuneration and expenses

The directors of the company received no remuneration during the year.

14. Tangible fixed assets

	Freehold	Fixtures and	Motor
	property	fittings	vehicles	Total
	£	£	£	£
Cost
At 1 July 2020	189,896	1,862	21,895	213,653
Additions	-	-	22,404	22,404
Disposals	-	-	(21.895)	(21,895)
	--------------------------------	-----------------------	----------------------------	--------------------------------
At 30 June 2021	189,896	1,862	22,404	214,162
	================================	=======================	============================	================================
Depreciation
At 1 July 2020	–	990	21,895	22,885
Disposals			(21,895)	(21,895)
Charge for the year	–	323	1,400	1,723
	--------------------------------	-----------------------	----------------------------	--------------------------------
At 30 June 2021	–	1,313	1,400	2,713
	================================	=======================	============================	================================
Carrying amount
At 30 June 2021	189,896	549	21,004	211,449
	================================	=======================	============================	================================
At 30 June 2020	189,896	872	-	190,768
	================================	=======================	============================	================================
Creditors: amounts falling due within one year
			2021	2020
			£	£
Overpayment from Warwick District Council			-	763
			----------------------------	----------------------------
			-	763
			============================	============================

15. Creditors: amounts falling due within one year

16. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
		At			At
	1	July 2020	Income	Expenditure	30 Jun 2021
		£	£	£	£
General funds		298,165	38,985	(74,402)	262,748
		================================	============================	============================	================================

KENILWORTH LIONS LIMITED

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

17. Analysis of net assets between funds

	Unrestricted
	Funds
	£
Tangible fixed assets	211,449
Current assets	51,299
	--------------------------------
Net assets	262,748
	================================