**COMPANY REGISTRATION NUMBER: 06612121 CHARITY REGISTRATION NUMBER: 1124888** 

## **KENILWORTH LIONS LIMITED Company Limited by Guarantee** 

## **Unaudited Financial Statements** 

## **30 June 2022** 



## **KENILWORTH LIONS LIMITED** 

## **Company Limited by Guarantee** 

## **Financial Statements** 

## **Year ended 30 June 2022** 

||**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 2022** 

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 2022. 

## **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 

**1** 



KENILWORTH LIONS LIMITED
Company Limited by Guarantee
Trustees. Annual Report (Incorporatlng the Directorfs Report) (Cl￿￿￿￿ed)
Year ended 30 June 2022
the guidelines of Lions Club Internat￿nal.
AchioVom•nt8 and p•rforn)anc•
This was the first full year of trading follcmiiro the COl￿D-19 pand8rniC.
Two van8 continue to ¢)perate the L￿n8 Fanner Ward premi8es colw.ng and delivering fumiture
and white goods. In addrt￿n, we now receNe contnbub.ons of furniture and bric-a-brae from donors
ditsctty to the store on Saturday mornings. Our income has increased wilh the inclusion of a
'Donalions' tabl8 with coll￿ting boxes near the store entrance.
Sales of all goods enable Lions to administer charrtable fvnds lo nee0¥ individua18 and organisations
in the Keni￿Orth area. Under a voucher scheme. donab"on$ of fvmiture and household rtems have
been made lo support refugees, ¢I￿nts of the local Women's Ref¥Jge and those in need idenlrfied by
other organisalions. A special sa￿. well supported by the local community was arranged in March with
the proceeds going to the Ukraine war appeal.
At our fumitrjre store we al80 ntrw recyde blister packs, cry packets and corks along with the
spectacles we have collecled for many years. This d¢w not raise fvnds bul reduces the amount of
waste going lo tandfill and helps the environment
The Dir8Ctor8 are grateful for the $UPFQrt ol members of KeniNvorth Lions Club and volunteers who
run the Fumilure Store, Bazaar and Donation8 Table. Students are attending again as part of their
Duke of Edinburgh Scheme.
Flnanclal r•vl•w
Sal88 of donated fumlture. whlte gc4)d8 and brt4-brac for the year to 30 June 2022 amounted to
£76,879. Receipts Irom W8Thvbck$hire County Council for recycling of ffijmrtu￿ were £3,286. Small
cash donations from customers lotslled £2.879.
A total of £56,895 charitable donations were made by us to needy causes for the year. In addition to
this, num8foLSS vouchers for rtems of fumrf(ure were given out lo those in need under the umbrella ol
other organisations.
R•B•fvo8 policy
The ￿MpanY directors intend to retain lund8 to develop orvJoing business and for the replacémènt of
one of the vehicles. We Intend to maintain reserves of around £47.000 ft)r the 2022123 year tor
unforeseen expendrture.
Small Company provisions
This repx)rt has been prepared in accordance wrth the provisions applicable to companies entitled to
the small companies exemptK)n.
The trustees, annual repwi was apFwved on
trustees by".
and sh3n￿l on behalf of the board of
Mr
Director
Mr R G Tyler
Director

## **KENILWORTH LIONS LIMITED** 

## **Company Limited by Guarantee** 

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

## **Year ended 30 June 2022** 

I report on the financial statements for the year ended 30 June 2022, 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. 

**3** 



## **KENILWORTH LIONS LIMITED** 

## **Company Limited by Guarantee** 

## **Independent Examiner's Report to the Trustees of KENILWORTH LIONS** 

**LIMITED** _**(continued)**_ 

## **Year ended 30 June 2022** 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention: 

- (1) which gives me reasonable cause to believe that in any material respect the requirements: 

   - to keep accounting records in accordance with section 386 of the Companies Act 2006, and 

   - to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met, or 

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

## **John Chapman FCCA CHAPMAN AND CO** 

Chartered Certified Accountants 

28 Delaware Road Styvechale Coventry West Midlands CV3 6LX 

## 14 December 2022 

**4** 



## **KENILWORTH LIONS LIMITED** 

## **Company Limited by Guarantee** 

## **Statement of Financial Activities (including income and expenditure account)** 

## **30 June 2022** 

|||**2021**||2020|
|---|---|---|---|---|
|||Unrestricted|||
|||funds**Total funds**||Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Other trading activities|**5**|76,879|76,879|29,284|
|Investment income|**6**|11|11|32|
|Other income|**7**|6,165|6,165|9,669|
|||----------------------------|----------------------------|----------------------------|
|**Total income**||83,055|83,055|38,985|
|||============================|============================|============================|
|**Expenditure**|||||
|Expenditure on raising funds:|||||
|Costs of other trading activities|**8**|20,506|20,506|10,402|
|Other expenditure|**9**|56,895|56,895|64,000|
|||----------------------------|----------------------------|----------------------------|
|**Total expenditure**||77,401|77,401|74,402|
|||============================|============================|============================|
|||----------------------------|----------------------------|----------------------------|
|**Net income/(deficit) and net movement in funds**||5,654|5,654|(35,417)|
|||============================|============================|============================|
|**Reconciliation of funds**|||||
|Total funds brought forward||262,748|262,748|298,165|
|||--------------------------------|--------------------------------|--------------------------------|
|**Total funds carried forward**||268,402|268,402|262,748|
|||================================|================================|================================|



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.** 

**5** 



KENILWORTH LIONS LIMITED
Company Limited by Guarantee
Statement of Financial Position
30 June 2022
2022
2021
Flxed a8s•ts
Tangible fixed assets
14
205,617
211,449
Current a￿ets
Cash al bank and in hand
82,785
51.299
Net curr•nt a88ets
62,785
51,299
Total •8Jèts le88 curront Ilabllltles
268,402
262,748
Fund8 of th• ¢horlty
Unreslricled funds
268.402
262,748
Total charlty funds
15
268.402
262.748
For the year ending 30 June 2021 the chanty was entsued lo exemption from audit under 8eth.on 477
of the Companie8 Acl felaling to small companies.
Dire(aors' resF￿sIbIll1￿s.'
The members have not requi￿ the company to obtain an audrt of its financial statements for the
year in queSt￿n in arLordance with S￿)n 476..
The directors acknowledge their responsibilities for comptying with the requirernenls of the Act
with respect lo accounting records and the preparabon of financial statements.
These financial statements have been prepared in actordanee with thè provi$ion$ appli¢able to
companies subiect to the small CoMpan￿s, regime.
These finan¢ial $t*ements were •woved ty the board of tnJstee8 and aulhorised for issue on
and are swned on behaw of the board by.
Mr I Poinlon
Director
Mr R G Tyler
Dire¢lor
The notes on PAges 7 to 12 forni part of these flnanelol statem•nts.

## **KENILWORTH LIONS LIMITED** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** 

## **Year ended 30 June 2022** 

## **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. 

**7** 



## **KENILWORTH LIONS LIMITED** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2022** 

## **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. 

**8** 



## **KENILWORTH LIONS LIMITED** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2022** 

## **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 Motor vehicles - 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. 

**9** 



## **KENILWORTH LIONS LIMITED** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2022** 

## **5. Other trading activities** 

|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Store takings|76,879|76,879|29,284|29,284|
|||============================|============================|============================|============================|
|**6.**|**Investment income**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Bank deposit interest|11|11|32|32|
|||==============|==============|==============|==============|
|**7.**|**Other income**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Recycling payments|3,286|3,286|-|-|
||Donations|2,879|2,879|-|-|
||Coronavirus small business grants|-|-|9,669|9,669|
|||----------------------------|----------------------------|----------------------------|----------------------------|
|||6,165|6,165|9,669|9,669|
|||============================|============================|============================|============================|
|**8.**|**Costs of other trading activities**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Store costs - other|14,674|14,674|11,179|11,179|
||Store costs - depreciation|5,832|5,832|(777)|(777)|
|||----------------------------|----------------------------|----------------------------|----------------------------|
|||20,506|20,506|10,402|10,402|
|||============================|============================|============================|============================|
|**9.**|**Other expenditure**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Donations|56,895|56,895|64,000|64,000|
|||============================|============================|============================|============================|
|**10.**|**Net income**|||||
||Net income is stated after charging/(crediting):|||||
|||||**2022**|2021|
|||||**£**|£|
||Depreciation of tangible fixed assets|||5,832<br>=======================|(777)<br>=======================|



**10** 



## **KENILWORTH LIONS LIMITED** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2022** 

## **11. Independent examination fees** 

||**2022**|2021|
|---|---|---|
||**£**|£|
|Fees payable to the independent examiner for:|||
|Independent examination of the financial statements|360<br>==============|240<br>==============|



## **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 2021|189,896|1,862|22,404|214,162|
|Additions|-|-|-|-|
|Disposals|-|-|-|-|
||--------------------------------|-----------------------|----------------------------|--------------------------------|
|**At 30 June 2022**|189,896|1,862|22,404|214,162|
||================================|=======================|============================|================================|
|**Depreciation**|||||
|At 1 July 2021|–|1,313|1,400|2,713|
|Charge for the year||231|5,601|5,832|
|Depreciation on disposals|–|-|-|-|
||--------------------------------|-----------------------|----------------------------|--------------------------------|
|**At 30 June 2022**|–|1,544|7,001|8,545|
||================================|=======================|============================|================================|
|**Carrying amount**|||||
|**At 30 June 2022**|189,896|318|15,403|205,617|
||================================|=======================|============================|================================|
|At 30 June 2021|189,896|549|21,004|211,449|
||================================|=======================|============================|================================|



## **15. Analysis of charitable funds** 

**Unrestricted funds** 

|**Unrestricted funds**||||||
|---|---|---|---|---|---|
|||At|||**At**|
||1|July 2021|Income|Expenditure|**30 Jun 2022**|
|||£|£|£|£|
|General funds||262,748|83,055|(77,401)|<br>268,402|
|||================================|============================|============================|================================|



**11** 



## **KENILWORTH LIONS LIMITED** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2022** 

## **16. Analysis of net assets between funds** 

||Unrestricted|
|---|---|
||Funds|
||£|
|Tangible fixed assets|205,617|
|Current assets|62,785|
||--------------------------------|
|**Net assets**|268,402|
||================================|



**12**