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2021-06-30-accounts

Charity number: 1164711

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

Including Multiple District 105 Charity Trust (Reg No. 1164711-1) Including M D 105 Youth Activities Trust (Reg No. 1164711-2)

INDEPENDENTLY EXAMINED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers 1 - 2
Trustees' report 3 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 22

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2021

Trustees Andrew Pemberton
Thomas Berry
Philip Goodier
Linda Picton (resigned 1 October 2020)
Philip Robinson
Stewart Sherman
Corinne Ashburner
Ian Gott
Alastair Joel
Charity number
1164711
Principal office
257 Alcester Road South
Kings Heath
Birmingham
B14 6DT
Chair
Stewart Sherman
Secretary
Andrew Pemberton
Treasurer
Thomas Berry
Independent examiner
Duncan Cochrane-Dyet
MHA MacIntyre Hudson
Chartered Accountants
71 New Dover Road
Canterbury
Kent
CT1 3DZ
Bankers
Lloyds Bank Ltd
Market Harborough Branch (309547)
BX1 1LT
Bankers
Barclays Bank plc
9 St George's Street
Canterbury
CT1 2JX
Bankers
CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Bankers
National Westminster Bank
11 The Parade
Canterbury
Kent
CT1 2SQ

Page 1

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

Bankers

Nationwide Building Society Kings Park Road Moulton Park Northampton NN3 6NW

Page 2

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2021

The Trustees present their annual report together with the financial statements of the Lions Clubs International Multiple District 105 Foundation for the 1 July 2020 to 30 June 2021.

Objectives and activities

a. Grant-making policies

Projects and charities supported by the MD 105 Foundation are those supported by the Lions Clubs of Multiple District 105 and British Isles, some of the projects determined by Lions Clubs International Foundation, constituted in the United States of America. These projects and charities include aid schemes and community support at an international and national level. The scale and level of any donation to the Charity by an individual Lions Club is determined by the members of that Club.

b. Public benefit

The Foundation operates the public benefit both in the United Kingdom and Internationally either through direct grants or in partnership with other Charities. The Trustees confirm that they have complied with Section 4 of the Charities Act 2011 in having due regard for the Charity Commission's general guidance on public benefit.

Achievements and performance

a. Main achievements of the Charity

The MD 105 Youth Trust is included in the MD 105 Foundation and individual Lions clubs make a donation of £4.00 a member toward this fund.

There was expenditure of £4,000 to organise the following activities:

The restrictions applied to meetings and travel due to the impact of COVID 19 resulted in the cancellation of the annual International Youth Camp and Youth Exchange Progamme.

The Foundation supported the Lebanese Lions work in bringing relief to those affected by the August 2020 Beirut explosion with a donation of £10.000 to Lions Clubs International Foundation.

The Foundation supported the Croatian Lions work in bringing relief to those affected by the December 2020 Earthquake £12,500.

As reported last year the Foundation received a donation of £155,000 from Lions Clubs International Foundation to support Air Ambulance operations across the UK to ensure their PPE and other equipment was COVID ready. At 30th June 2020 £37,000 had been donated to 4 Air Ambulance operations, during the year to June 2021 the balance, £118,000 of the donation was donated to another 14 Air Ambulance Services and £3,358 was returned to Lions Clubs International Foundation.

During the year the Trustees worked on reviewing Governance, policies, practices, structures, and strategy of the Foundation. All the recommendations contained the final Report presented October 2020 were accepted. New Trustees from the cohort of Immediate Past Governors, Current Governors. VDG and VDG2 have been nominated, 4 Trustees have been interviewed and appointed following an advert requesting applications from suitably qualified candidates and we are continuing to implement the recommendations.

Page 3

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

Financial review

a. Going concern

The trustees have reviewed the charity's forecasts and projects, and, in particular have considered the potential implications of the Coronavirus (COVID-19) pandemic. Whilst the eventual financial impact of the pandemic on the charity, and the overall economy remains uncertain, the trustees are confident that the charity will be able to remain operational throughout the pandemic.

With a reasonable expectation that the charity will have adequate resources to continue in operational existence for the foreseeable future, the charity continues to adopt the going concern basis in preparing its financial statements.

b. Reserves policy

The reserves of the Foundation are held in restricted funds or funds awaiting the Trustees decision for their disposal. The Trustees consider that the trust should build and maintain a reserve of £10,000 to cover the annual operating cost of the charity.

c. Financial review

The donated income of the Charity during this financial year was £32,757 (2020: £372,141) which consists of £32,757 of donations (2020: £364,173), and £Nil (2020: £7,968) from legacy income. As shown in the statement of financial activities, the overall loss for the year amounts to £148,818 (2020: £47,041 surplus). Total reserves at the end of the year amount to £417,987 (2020: £566,805) of which £301,099 (2020: £440,333) are restricted funds.

d. Risk management

The Trustees have examined the major strategic and operational risks which the trust faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to minimise these risks. As part of this process the Multiple District 105 The British Isles has appointed officers to ensure compliance with the legislation concerning the protection of vulnerable persons, Data protection and to maintain a review of its insurance policies.

Page 4

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

Structure, governance and management

a. Constitution

The Lions Clubs International Multiple District 105 Foundation is a registered charity, registered charity number 1164711. The Trust is constituted by a Deed of Trust dated the 4th December 2015.

The Trustees of Lions Clubs International Multiple District 105 Charity Trust agreed to transfer the assets of the Charity Trust into LCI MD105 Charity Foundation and the Trustees of the Foundation accepted the assets as restricted/and or endowment funds as directed by the donors.

The Charity Commission at the request of the Trustees of both Charities linked the Charities on the 25th May 2016.

The Trustees of Lions Clubs International M D 105 Youth Activities Trust agreed to transfer the assets of the Trust into LCI MD105 Charity Foundation and the Trustees of the Foundation accepted the assets as funds as directed by the donors.

The Charity Commission at the request of the Trustees of both Charities linked the Charities on the 28th June 2019.

The effect of this linking is that:

In November 2020 the Charity Commission agreed to a revision of the Constitution removing the provision for an ex-officio Trustee and clarifying the procedure for appointing Trustees.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. Organisational structure and decision-making policies

The Trustees who have served during the period are set out in page 1. The Trustees are appointed by the foundation under the Terms of the constitution. Trustee meetings are held regularly during the period. The Trustees' amount of remuneration or expenses received during the period was £nil (2020: £nil).

Page 5

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions 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.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Thomas Berry Treasurer

Date: 25th October 2021

Page 6

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2021

Independent examiner's report to the Trustees of Lions Clubs International Multiple District 105 Foundation ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 June 2021.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: 26 October 2021

Duncan Cochrane-Dyet BSc BFP FCA

MHA MacIntyre Hudson Canterbury United Kingdom

Page 7

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021

Note
Income and
endowments from:
Donations and
voluntary income
4
Investment income
5
Total income and
endowments
Expenditure on:
Charitable activities
6
Total expenditure
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward
Net movement in
funds
Total funds carried
forward		 Unrestricted
funds
2021
£
1,579
422
2,001
11,711
11,711
(9,710)
83,794
(9,710)
74,084		 Restricted
funds
2021
£
31,052
-
31,052
170,286
170,286
(139,234)
440,333
(139,234)
301,099		 Endowment
funds
2021
£
126
-
126
-
-
126
42,678
126
42,804		 Total
funds
2021
£
32,757
422
33,179
181,997
181,997
(148,818)
566,805
(148,818)
417,987		 Total
funds
2020
£
372,141
629
372,770
325,729
325,729
47,041
519,764
47,041
566,805

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

The notes on pages 10 to 22 form part of these financial statements.

Page 8

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

BALANCE SHEET AS AT 30 JUNE 2021

Note
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
Net current assets
Total net assets
Charity funds
Endowment funds
12
Restricted funds
12
Unrestricted funds
12
Total funds		 421,077
421,077
(3,090)		 2021
£
417,987
417,987
42,804
301,099
74,084
417,987		 569,805
569,805
(3,000)		 2020
£
566,805
566,805
42,678
440,333
83,794
566,805

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Thomas Berry Treasurer

Date: 25th October 2021

The notes on pages 10 to 22 form part of these financial statements.

Page 9

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

1. General information

Lions Club International Multiple District 105 Foundation is an incorporated charitable organisation registered in England and Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities is the distribution of donations made to the Fund by member of Lions Clubs of District 105.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Lions Clubs International Multiple District 105 Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are presented in sterling which is the functional currency and is rounded to the nearest £1.

2.2 Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that with government support packages available and projected income and expenses, the charity will continue in operational existence with sufficient resources to be able to continue as a going concern.

2.3 Income

Donations from Member Lions Clubs of Clubs International are recorded as received fron the source donors on a cash basis. Donations paid out are recorded on the basis of the irrevocable commitment of the requirement of the Trustees to make the payment. The Multiple District 105 does not have contractually binding agreements for the level of donations that it makes.

2.4 Expenditure

All expenditure is accounted for on an accruals basis. Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include all costs involving the public accountability of the charity and its compliance with regulation and good practice.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Page 10

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

2. Accounting policies (continued)

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.7 Liabilities and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.8 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Critical accounting estimates and areas of judgement

No key judgements (apart from those involving estimates as disclosed in the notes above) have been made in the process of applying the above accounting policies.

Page 11

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

4. Donations and voluntary income

Youth programmes
Community projects
International projects
Health and community grants
Community disaster relief
International disaster relief
Other donations
Legacy income
Total 2021
Total 2020		 Unrestricted
funds
2021
£
-
-
-
-
-
-
1,579
-
1,579
11,036		 Restricted
funds
2021
£
15,997
625
7,045
3,435
1,100
2,850
-
-
31,052
361,105		 Endowment
funds
2021
£
-
-
-
-
-
-
126
-
126
-		 Total
funds
2021
£
15,997
625
7,045
3,435
1,100
2,850
1,705
-
32,757
372,141		 Total
funds
2020
£
59,234
174,908
19,462
10,404
55,806
41,291
3,068
7,968
372,141

5. Investment income

Unrestricted
funds
2021
£
Bank interest receivable
422
Total 2020
629		 Total
funds
2021
£
422
629		 Total
funds
2020
£
629

Page 12

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

6. Analysis of expenditure on charitable activities

Summary by fund type

Charitable activities
Total 2020		 Unrestricted
funds
2021
£
11,711
11,279		 Restricted
funds
2021
£
170,286
314,450		 Total
funds
2021
£
181,997
325,729		 Total
funds
2020
£
325,729

7. Analysis of expenditure by activities

Charitable activities
Total 2020		 Activities
undertaken
directly
2021
£
172,561
312,978		 Support
costs
2021
£
9,436
12,751		 Total
funds
2021
£
181,997
325,729		 Total
funds
2020
£
325,729

Page 13

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

7. Analysis of expenditure by activities (continued)

Analysis of direct costs

Youth programmes
Community projects
International projects
Health and community grants
Community disaster relief
International disaster relief
Training
Other programmes
Total 2021
Total 2020
Analysis of support costs
Bank charges
Miscellaneous
Independent examination fee
Legal and professional fees
Total 2021*
Total 2020		 Activities
2021
£
5,253
119,746
14,498
7,877
5,000
17,912
-
2,275
172,561
312,978
Activities
2021
£
503
326
3,091
5,516
9,436
12,751		 Total
funds
2021
£
5,253
119,746
14,498
7,877
5,000
17,912
-
2,275
172,561
312,978
Total
funds
2021
£
503
326
3,091
5,516
9,436
12,751		 Total
funds
2020
£
48,940
113,885
25,096
27,069
16,213
80,061
1,714
-
312,978
Total
funds
2020
£
597
490
5,604
6,060
12,751

Page 14

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

8. Independent examiner's remuneration

2021 2020
£ £
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts 3,091 5,604

9. Related party transactions, Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 30 June 2021, no Trustee expenses have been incurred (2020 - £NIL) .

There have been no other related party transactions in the year (2020 - none).

10. Taxation

The Foundation is a registered charity and therefore is not subject to taxation.

11. Creditors: Amounts falling due within one year

2021 2020
£ £
Accruals and deferred income 3,090 3,000

Page 15

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

12. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Training Fund
ChildSight
Governance
General funds
General funds - Foundation
Total Unrestricted funds
Endowment funds
Burt Mason Bursary
John Hunt Memorial Fund
MD105 Youth Investment		 Balance at 1
July 2020
£
7,501
10,000
5,000
22,501
61,293
83,794
32,281
5,000
5,397
42,678		 Income
£
-
100
-
100
1,901
2,001
-
-
126
126		 Expenditure
£
-
-
(4,547)
(4,547)
(7,164)
(11,711)
-
-
-
-		 Transfers
in/out
£
6,500
-
5,000
11,500
(11,500)
-
-
-
-
-		 Balance at
30 June
2021
£
14,001
10,100
5,453
29,554
44,530
74,084
32,281
5,000
5,523
42,804

Page 16

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

12. Statement of funds (continued)

Restricted funds
Youth fund
Community fund
International fund
Health fund
Community disaster fund
International disaster fund
Special Olympics
Activity Alliance
Total of funds		 Balance at 1
July 2020
£
108,643
117,796
11,828
3,506
64,981
102,358
23,169
8,052
440,333
566,805		 Income
£
15,997
350
7,045
3,160
1,100
2,850
275
275
31,052
33,179		 Expenditure
£
(5,253)
(119,746)
(14,498)
(1,200)
(5,000)
(17,912)
-
(6,677)
(170,286)
(181,997)		 Transfers
in/out
£
-
2,000
-
-
(2,000)
-
-
-
-
-		 Balance at
30 June
2021
£
119,387
400
4,375
5,466
59,081
87,296
23,444
1,650
301,099
417,987

Page 17

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

12. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Training Fund
Korle Bu
Brain Tumour Research
Youth Fund
Young Ambassadors
Youth Camp
Youth Transport
Youth Fund Reserve
ChildSight
Governance
General funds
General funds - Foundation
Total Unrestricted funds
Endowment funds
Burt Mason Bursary
John Hunt Memorial Fund
MD105 Youth Investment		 Balance at
1 July 2019
£
29,000
10,000
10,645
32,896
3,966
1,228
837
24,476
-
-
113,048
104,670
217,718
32,281
5,000
-
37,281		 Income
£
-
-
-
-
-
-
-
-
-
-
-
11,665
-
-
-
-
-		 Expenditure
£
(1,499)
-
-
-
-
-
-
-
-
-
(1,499)
(9,780)
(11,279)
-
-
-
-		 Transfers
in/out
£
(20,000)
(10,000)
(10,645)
(32,896)
(3,966)
(1,228)
(837)
(24,476)
10,000
5,000
(89,048)
(45,262)
(134,310)
-
-
5,397
5,397		 Balance at
30 June
2020
£
7,501
-
-
-
-
-
-
-
10,000
5,000
22,501
61,293
83,794
32,281
5,000
5,397
42,678

Page 18

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

12. Statement of funds (continued)

Balance at
1 July 2019
£
Restricted funds
Youth fund
32,530
Community fund
29,774
International fund
6,552
Health fund
(13,446)
Community disaster fund
80,715
International disaster fund
99,465
Lions Club donations
25,000
Special Olympics
-
Activity Alliance
4,175
264,765
Total of funds
519,764
13.
Summary of funds
Summary of funds - current year
Balance at 1
July 2020
£
Designated funds
22,501
General funds
61,293
Endowment funds
42,678
Restricted funds
440,333
566,805		 Income
£
59,234
171,183
19,462
6,527
55,806
41,291
-
3,725
3,877
361,105
361,105
Income
£
100
1,901
126
31,052
33,179		 Expenditure
£
(52,126)
(112,885)
(25,096)
(27,069)
(16,213)
(80,061)
-
(1,000)
-
(314,450)
(325,729)
Expenditure
£
(4,547)
(7,164)
-
(170,286)
(181,997)		 Transfers
in/out
£
69,005
29,724
10,910
37,494
(55,327)
41,663
(25,000)
20,444
-
128,913
-
Transfers
in/out
£
11,500
(11,500)
-
-
-		 Balance at
30 June
2020
£
108,643
117,796
11,828
3,506
64,981
102,358
-
23,169
8,052
440,333
566,805
Balance at
30 June
2021
£
29,554
44,530
42,804
301,099
417,987

Page 19

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

13. Summary of funds (continued)

Summary of funds - prior year

Designated funds
General funds
Endowment funds
Restricted funds		 Balance at
1 July 2019
£
113,048
104,670
37,281
264,765
519,764		 Income
£
-
11,665
-
361,105
372,770		 Expenditure
£
(1,499)
(9,780)
-
(314,450)
(325,729)		 Transfers
in/out
£
(89,048)
(45,262)
5,397
128,913
-		 Balance at
30 June
2020
£
22,501
61,293
42,678
440,333
566,805

General Fund

Includes donations and legacies made principally to support projects which cannot be classified within the Trust's main headings. It also includes funds for which have been donated in advance of any designation or restriction applied by or notified to the Trustees.

Designated Funds

As at 28 June 2019, the assets and funds of M D 105 Youth Activities Trust (linked charity) totalling £100,684 was donated to the MD105 Foundation. The funds transferred are below:

Youth and General - Donations to the Youth Trust are received into the Youth Fund and are designated by the Trustees to fund the various programmes of the Trust. The General fund covers some of the costs of the Young Leaders in service programmes, and may provide leaflets and other materials to be used by the Trust in support of its objectives. The Trustees made the decision to close the designated fund and transfer the balance to the general fund.

Young Ambassadors - The aim of this programme which operates throughout Europe, is to recognise, encourage and support young people who are actively involved in the welfare of the community. In previous years, candidates have been involved in helping the young and older people, able, disabled and disadvantaged. Candidates have also organised projects in conservation, crime prevention, hospital radio and promoting healthier lifestyles.

Youth Camps & Youth Exchange - is a programme committed to broading the international awareness amoung young people worldwide. The programme emphasis the value of community life and sharing in a different country giving young people through learning and experience an enhanced international understanding and awareness.

Page 20

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

Young Transport - is a programme that provides funds for the travel of attendees at the Youth camp and between their hosts within the United Kingdom. Transfers from this fund to the Youth Camp & Youth Exchange funds are in respect of the transportation of young people on the youth exchange programme.

Youth Fund Reserve - has been created to ringfence a surplus in reserves that is available to fund shortfalls on future Youth projects.

John Hunt Memorial Fund - is a fund set up in appreciation of a donation received in memory of John Hunt, a past district governor of Lions Clubs International. The Trustees have chosen to ringfence the donation to fund the support and development of young people.

Restricted Funds

The Burt Mason Bursary Endowment fund - is a restricted endowment fund set up in appreciation of Burt Mason, an International President of Lions Clubs International. The fund provides for the attendance of members of our Youth organisation to attend an International Youth Camp. Both the endowment and the interest may be used if felt justified by the trustees.

Community Funds - The community fund includes donations and legacies made in support of the Lions community projects, within the Lions Clubs International MD105. It provides funds in support of the shelter at the National Arboretum and the Blind Veteran's Association.

International Fund - This fund includes donations and legacies made in support of the Lions International projects, and International Appeals within the Lions Clubs International MD105. It provides funds to support projects to provide for Street children, Clean water and the preservation of sight. The Fund also holds funds to benefit International Programmes awaiting distribution by the Trustees.

Health Fund - This fund includes donations and legacies made in support of the community partnerships, within the Lions Clubs International MD105. It provides funds supporting Medicalert Special Olympics (GB) the English Federation of Disability Sport, Marie Curie, Speech and Hearing Projects.

Community Disaster Fund - This fund has been established so that the Charity can act quickly when disasters occur within England, Wales, and Scotland. Funds raised will be used to help provide the right kind of support to those in need as swiftly as possible. Last year, the Charity completed the separation of the two disaster funds.

International Disaster Fund - This fund has been established so that the Charity can act quickly when disasters occur outside of England, Wales, and Scotland. Funds raised will be used to help provide the right kind of support to those in need. These funds will be used to help deal with disasters around the world. The aim is to assist those in need as swiftly as possible.

Special Olympics Fund - This fund holds restricted donations for supporting the Special Olympics National Summer or Winter Games.

Page 21

LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2021
£
Current assets
77,174
Creditors due within one year
(3,090)
Total
74,084
Analysis of net assets between funds - prior year
Unrestricted
funds
2020
£
Current assets
86,794
Creditors due within one year
(3,000)
Total
83,794		 Restricted
funds
2021
£
301,099
-
301,099
Restricted
funds
2020
£
440,333
-
440,333		 Endowment
funds
2021
£
42,804
-
42,804
Endowment
funds
2020
£
42,678
-
42,678		 Total
funds
2021
£
421,077
(3,090)
417,987
Total
funds
2020
£
569,805
(3,000)
566,805
Analysis of net assets between funds - prior
Current assets
Creditors due within one year
Total

Page 22