COMPANY REGisfRATION NUMBER: 06612121 CHARITY REGISTRATION NUMBER: 1124888 KENILWORTH LIONS LIMITED Company Limlted by Guarantee Unaudited Financial Statements 30 June 2024
KENILWORTH LIONS LIMITED Company Limited by Guarantee Financlal Statements Year ended 30 June 2024 Page Trustees, ar]nual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financlal statements
KENILWORTH LIONS LIMITED Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 30 June 2024 The trustees, who are also the directors for the purposes of company law. pr8sent thair report and th8 unaudited financial statements of the charity for the year ended SO June 2024. Reference and admlnistralive detalls Reglstered charlty name KENILWORTH LIONS LIMITED Charhy reglstratlon number 1124888 Company reglstratlon number 06612121 Prfncipal office and registered John Price House offlce Farmer Ward Road Kenilworth Warwickshire CV8 2DH The trustees Mr R G Tyler Mr E J Curtis IAr C K Bailey r A D Cartwright Mr W Birkett Mr D Maxted Mr P Inshaw Mr B T Morris MrTCPLae Mr l K Pointon Accounlants Chapman and Co Chartered Certified Accountants 28 Delaware Road Styvechale Coventry West Midlands CV3 6LX Structure> governance and management Kenilworth l.ions 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 Kgnilworth Llons cio. Objectlves and acllvitles The overriding objective of the company is to support disadvantaged members of the communty in Coventry and Warwickshire. The main activrty of th9 company is the collection and sale ot donated furniture, white goods and other saleable items. Funds raised are then applied for the benefit of other organisations establlshed foT charitable purposes, principally Kenilworth Lions Club. who meet charitable needs in accordance with the guidelines of Uons Club Intemational.
KENILWORTH LIONS LIMITED Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) Year ended 30 June 2024 Statement of tru8iees' responsibililies The trustees are responsible for preparing the Report of the Tnjstees and the financial statements in accordance with applicable law and Unrted Kingdom Accounting Standards (United Klngdom Generally Accepted Accounting Practice). The law applicable to chartties in England and Wales, the Charftles Act 2011, Charlty {Accounls and Reports) Regulations 2008 and the provisions of the trust dged requires the trustees to prepare financial statements for each financial year which givo a true and fair view of the state of affairs of the charity and of the incoming resources and applicatlon of resources, includlng the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to sel8Qt suitable accountlng policies and then apply them consistently. obseNe the methods and principles in the Charity SORP. make judgements and estimat08 that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statpments on the going concern basis unless it is Inappropriate to presume that the Charity will continue in business. The trustees are responsible for keeping proper accounting records whiGh disclose with reasonable accuracy at arty time the financial position of the Gharty and to enable them to gnsure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulatlons 2008 and the provissons of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Achlevements and perforniance Two vans contlnue to operate from the Famer Ward Road premises collecting and delivering white goods. In addition, we now receivè contribLrtions of furniture and bric-a-brac from donors directly to the store on Saturday mornings. Sales of all goods onables the distribution of Charitable funds to n9Y individLfals and organisations in the Kenilworth area. Under a voucher soheme, donation0 ol furniture and household items have been madg to support refugees, clients of tha local women's refug6 and those in need identified by other organisations. A special sale, well supported by the local community, was arranged in April with the proceeds going to purchase an ambulanco for Ukraine. Ouf furniture store has collected spectaclos (for reuse in die third world} for many years. The recycling has now b6en extended to 'difficult to recycl6, food packaging, bottio corks and desktopllaptop computers. This activlty doos not rai69 funds but reduces the amount of waste going to landfill, helping the environment. The directors are gratefu5 for tho support of members of KenibNOrth Lions Club and volunteers who run the furniture store. bazaar and donatioiis table. Financial review Sales of donated furniture, white goods and bric-a-brac for the year to 30 June 2024 amounted to £84,932. Receipts from Warwickshire County Council for recycling of furnitur8 were £2,481 . Sma11 cash donations from custometB totalled 4,286 and £5,438 was claimed under the government gift aid scheme. A total of £83,671 was transferred to Kenilworth Lions CIO for charitable donations to needy cause8 r the year. In addition to this, numerous vouchers for items of furniture were given out to those in need under the umbrella of other organisations.
KENILWORTH LIONS LIMITED Company Limited by Guarantee Trustees. Annual Reporl (Incorporating the Dlrector's Report) Year ended 30 June 2024 Reserves poll¢y The company direGtors intend to relain funds to develop ongolng business and for the replacement of one cf the vehicles. We intend to maintain reserves of around £47,000 for tho 2024125 year for unforeseen expenditur6. Small company provlslons This report has been prepared in accordance with the provislons appllcable to companies entitlgd to the small companies exemplion. The trustees, annual report was approved on JS IfJt+ and signed on behalf ot the board of trustees by: Ir I Pointon Director Mr R G Tyler Director
KENILWORTH LIONS LIMITED Company Limited by Guarantee Independent Examlner's Report to the Trustees of KENILWORTH LIONS LIMITED Year ended 30 June 2024 I report on the financial statements for the year end8d 30 Juno 2023, which comprise the statement of financial activilies (including income and expenditur8 account), statement of financial position and the related notes. Respectlve responslbllltles of Irusleog and examiner The trustees {who are also the directors of the company for the pury)oses of company law) are responslblè for the preparation of the financial statements. The trustees consider that an audit is not ruIred for this year under sectlon 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 indepèndgrt examination, it is my reswnsibility to: examing th8 accounts undgr section 145 of the 2011 Act; to lollow the wocedures laid down In the general Directions given by the Charity Commission under section 145{5}(bl of the 2011 Act., and to stat& whether partlcular matters have come to my attentlon. Basls of Independent examlner'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 Icept by the charity and a comparison of Ihp accounts presented with those records. It also iiicludes consideration of any unusual items or disclosures In the acaounts, and seeklng explanations from you as trustees conceming any such matters. The proceduras undertaken do not provid9 all the evidence that would be required in an audit and consequently no opinion io given as to whether the accounts present a 'true and fair Vie and the report is limlted to those matters set out in the next statemeni. Independenl examinerfs stalemenl In connection with my examination, no matter has Gome to my attention". {1) which gives me reasonable cause to believe that in any material respect the requirements: lo keep accounling records in accordance with section 386 of the Companies Act 2006, and to propare 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 RecommerNSed Practice: Accounting and Reporting by Charlties have not been met, or {2) to which, in my oplnlon, attentlon should be drawn in order to enable a proper understanding of the accounts to be reached.
KENILWORTH LIONS LIMITED Company Limited by Guarantee Independenl Examlner's Report to the Truslees of KENILWORTH LIONS LIMITED Year ended 30 June 2024 John Chapman FCCA CHAPMAN AND CO Chartered Certrfied Accountants 28 Delaware Road Styvechalg Coventry West Midlands CV3 SLX L£ NJJvfriMOLiI LJLM
KENILWORTH LIONS LIMITED
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
30 June 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Other trading activities | 5 | 84,932 | 84,932 | 87,341 | |
| Donations and legacies | 6 | 16,411 | 16,411 | 14,642 | |
| Investment income | 7 | 911 | 911 | 472 | |
| Other income | 8 | 2,481 | 2,481 | 2,348 | |
| -- | |||||
| Total income | 104,735 | 104,735 | 104,803 | ||
| — aa | =r | == | —Sa | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of other trading activities | 9 | 25,036 | 67 | 25,103 | 25,213 |
| Expenditure on charitable activities | 10 | 83,671 | 83,671 | 73,890 | |
| Total expenditure | 108,707 | 67 | 108,774 | 99,103 | |
| [eee | el | ——— | —— | ||
| Net income and net movement in funds | {3,972) ~~—===_~~ |
(67) —— ey |
(4,039) sd |
5,700 ~~==———S==~~ |
|
| Reconciliation of funds | |||||
| Total funds brought forward | 270,155 | 3,947 | 274,102 | 268,402 | |
| Total funds carried forward | 266,183 | 3,880 | 270,063 | 274,102 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Th e note s on p a g e s 8 to 14 form part of these financial statements. RSP Bc SS SS Sp
6
KENILWORTH LIONS LIMITED
Company Limited by Guarantee
Statement of Financial Position
30 June 2024
| 2024 | 2023 | ||
|---|---|---|---|
| ° | £ | ||
| Fixed assets | |||
| Tangible fixed assets | 15 | 191,608 | 201,255 |
| Current assets | |||
| Cash at bank and in hand | 78,455 | 72,847 | |
| -- | |||
| Net current assets | 78,455 | 72,847 | |
| Total assets less current liabilities | 270,063 | 274,102 | |
| Funds of the charity | |||
| Unrestricted funds | 266,183 | 270,155 | |
| Restricted funds | 3,880 | 3,947 | |
| Total charily funds | 16 | 270,063 | 274,102 |
For the year ending 30 June 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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These financial statements were approved by the board of trustees and authorised for issue on
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'L:; Ns.1 Nica ,..,__ait."-1 . • 'L 'fid are signed on behalf of the board by:
Mr R G Tyler Director
The notes on pages 8 to 14 form part of the financial statements
7
KENILWORTH LIONS LIMITED Company Llmlted by Guarantee Notes lo the Flnancial Slaternents Year ended 30 June 2024 General Inlormatlon The ch8Jity is a privats 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 Pri House, Farmer Ward Road, Kenilworth, Warwlckshire, CV8 2DH. Statement of compllance Thoso flnancial stat8ments have been prepared in compliance with FRS 102. 'The Flnancial Reporting Standard applioable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charitles preparing their accounts In acoordance with the Financial Reportlng Standard appllcable in the UK and Republic of Iraland {FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. Accouniing policlos Basis ol praparatlon The *lnanclal statements have been prepared on the historical cosÈ basis, as modified by the rovaluation of certain financial assets and liabilities and investment propgrties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the funonal currency of the entty. Golng concern There are no material uncertainties about the charlty's ability to continue. Fund accountlng Unrestrictsd funds are available for use at the discretion ol the truste88 to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees lor particular future project or commitment. Restricted funds are Subjected lo restrictions on thgir expgnditure deGlared by the donor or through the tgrms of an appeal and fall Into one of two sub-classes.. restricted income funds or endowment funds.
KENILWORTH LIONS LIMITED Company Llmlted by Guarantee Notes to the Financlal Statements 1confbHj Year ended 30 June 2024 Accountlng pollcles Iconunued) Incomlng rosource8 All incoming resources are Included in the statement of flnanclal activities when entFtlement has passed to the charity. it is probable Ihai the economic bonefits associated with the transaction will Ilow to the charlty and the amount can ba reliably measured, The following specific policies are applled to particular categories of income: income from donation8 or grants is recognised when there is evidence of entitlement to the gift, recelpt Is probable and its amount can be measured reliably, legacy income Is recognised when recelpt 5s probable and entitlement is established. income from donated goods is measured at the falr value of the goods unless this 16 impralCal to measure reliably, In which case the value Is derived from the cost to the donor or the resale value. Donated facilits'es and services are recognised in the accounts when received rf the value can be reliably measured, No amounts are included for the contribution of general volunteers. income from contracts for the supply of 8erv5ces is reo)gni8ed wtth tha delivery of the Contracted service. Thls is dassified as unrostrlcted funds unless there is a contractual requiremant for it to be spent on a particular purp08e and returned rf unspant, in whlch cas8 it may be regarded as restrithed. Resourc83 expended Expenditure is recognised on an accruals basis as a1Sabillty is incurred. Expenditure includ88 any VAT which cannot be fully recovered. and 18 da881fi8d under headings of the statement of financial activities to which it rdates." expenditure on raising funds indudes the costs of all fundralslng activities, events, non- chwitable tra(fing ac11vi. the sale of donated goods. expenditUTQ on charttable aclivrties Indudes all costs Incurred by a charity in undertaklng activilies that lurther its charitable aims for the b8nefrt of its beneficiaries. inGluding ihose support costs and costs relating io the govornance of the charity apportioned to charltabl8 activities, other expenditure includes all expenditure that is neither relaled to raising lund8 for the charity nor part of its expenditure on charitable activlties. All costs are allocated to expenditure categorles reflecting the use of thè resource. Dlrect cost8 altributable to a single activity are allocated dlrectly to that activity. Shared costs ar& apportloned between the activities they contributo io on a reasonable, Justifiable and consistent basls. Tanglbl8 assets Tangible assets are initialty recorded at cost, and subsequently stat6d at cost less any accumulated depreciation and Impairment losses. Any tsngible assets carrfed at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulatsd impairment Iosses.
KENILWORTH LIONS LIMITED Company Llmited by Guaranlee Notes to the Financial Statements (conllnued) Year ended 30 June 2024 Accountlng pollcles (conllnuodj Tanglble assels (eonllnued) 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 impairrnent that has previously been recognised as expenditure within the statement of financial activlties. A decrease in the carrying amount of an asset as a result of revaluation, is recognisod in other recognis&d gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised galns and losses on the statement of financial activities. Depreclatlon Depreciation is calculated so as to write off the Cost or valuation of an assot, less its resKlual value, over the useful economic life of that asset as follows: Freehold property- over 50 years on a stralght line basis 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 impalrment Is carried out at each reportlng date, wlth the reVerable amount beino estimated where such Indicators exlst. Where the carrying value exceeds the recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting daio. For the purpose8 of impairment testing, when it is not Possible to estimate the recoverablg amount of an indrvidual asset, an estimate Ss made of the recoverable amount of th6 cash- generating unrt to whlch the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the ab.set and generates cash inflows that largely indeperKlent of the cash inflows Irom other assèts or groups of assets. For impaimiant 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 combinalion, irrespectlve of whethgr othor assets or liabilities of the charity are assigned to thoso units. 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. 10
KENILWORTH LIONS LIMITED Company Limited by Guarantee Notes to the Financial Ststements (eontlnuod) Year ended 30 June 2024 Other trading aclivitles Unrestricted Total Funds Unrestricted Total Fuiids Funds 2024 Funds 2023 Store takings 84,932 84,932 87,341 87,341 Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations recgived 16,411 16,411 16.411 16,411 Unrestrlcted Funds Restricted Total Funds Funds 2022 Donations Donalions received 10,842 4,000 14,642 14,642 10,642 4,000 Investment income Unrestrfoted Total Funds Unrestricted Totaj Funds Funds 2024 Funds 2023 Bank deposit irrterest 911 911 472 472 Other Income Unrestricted Total Fund$ Unrestricted Totaj Funds Funds 2024 Funds 2023 Recyding payments 2,481 2.481 2,348 2,348 2,481 2,481 2.348 2.848 11
KENILWORTH LIONS LIMITED Company Llmited by Guarantee Notes to the Financial Statements (contlnued) Year ended 30 June 2024 Costs of other tradlng a¢tlvltles Unrestricted Restricted Total Funds Funds Funds 2024 Store runnlng costs - other Store running costs - depreciation 15,456 9,580 15,456 9,647 25,103 67 25,036 67 Unrestricted Funds Rostricted Total Funds Funds 2023 Store running costs- other Store runnino costs- depreciation 15,586 9,574 25,160 15.586 9,627 53 25,213 10. Expendilure on charltable acllvltles Unrestricted Total Funds Unrestricted Total Funds FurKIs 2024 Funds 2023 Donations 83,671 83,671 73,890 73,890 11. Nel Income Net Income is stated after charging/(crediting}'. 2024 2023 Depreciation of tangible fixed assets 9,650 9,625 12
KENILWORTH LIONS LIMITED Company Limited by Guarantee Noleg to the Flnancial Statements (conllnued) Year ended 30 June 2024 12. Independent examinalion tees 2024 2023 Feos payable to the Independent examiner lor: Independent examination of the financial statemonts 480 360 13. Slalf costs The company had no employees during the year, 14. Trustee remunerallon and expenses The directors of the Company received no remuneration during the year. 15. Tanglblo flxed ass3 FreehoEd Fixtures and property flttlnus Motor vehicles Total Cost At 1 July 2023 Additions Disposals At 30 Jun6 2024 195,159 1,862 22.404 219,42,5 195,159 1,882 22,404 219,425 Depreclation At 1 July 2023 Charge for the year Depreciation on dlsposals At 30 June 2024 3,851 3.903 1,719 143 12,600 5,601 18,170 9,647 7,754 1,862 18,201 27,827 Carrylng amount At 30 June 2024 187,405 4,203 191,608 201,255 At 30 June 2023 191,308 143 9,804 13
KENILWORTH LIONS LIMITED Company Limited by Guarantee Notes to the Financial Statements (¢onllnued) Year ended 30 June 2024 16. Analysls of charitsble funds Unrestrlcted funds At 1 July 2023 At Income Expenditure 30 Jun 2024 General funds 270,155 104,735 (108.707) 266.183 R8Stricled lund8 At 1 July 2028 At Income Expenditure 30 Jun 2024 Grant for awning 3,947 {67) 3,880 The grant for awning is expected to be fully written oll by depreciation wiEhin 49 years. 17. Analysis of net agset8 between lunds Ljnrestricted Funds Restricted Total Funds Funds 2024 Tangible fixgd ass@ts Current assets 187,728 78,455 266.183 3.880 191,608 78,455 270,063 Nel &ssets 3,880 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assots Current assets 197,3D8 72,847 270,155 3,947 201,255 72,847 274,102 Nel assels 3,947 14