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 2023
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 2023
| Trustees | Andrew Pemberton |
|---|---|
| Thomas Berry | |
| David Atkins | |
| Alan Hall | |
| Stewart Sherman | |
| Corinne Ashburner | |
| Ian Gott | |
| David McKirdy | |
| Paula Mellows | |
| Ravinder Sandhu | |
| Stuart Young (appointed 24 July 2022) | |
| Dianne Hopkins (appointed 1 July 2023) | |
| Heather Yaxley (appointed 3 December 2023) | |
| Charity number 1164711 Principal office 257 Alcester Road South Kings Heath Birmingham B14 6DT Chair Stewart Sherman Secretary Andrew Pemberton Treasurer Paula Mellows Independent examiner David Boosey BA(Hons) CA MHA Victoria Court 17-21 Ashford Road Maidstone United Kingdom ME14 5DA 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 |
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 2023
Bankers National Westminster Bank 11 The Parade Canterbury Kent CT1 2SQ 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 2023
The Trustees present their annual report together with the financial statements of the Charity for the 1 July 2022 to 30 June 2023.
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 are requested to donate £4.00 a member toward this fund. In the year to 30th June 2023 only 69% of potential donations were received totalling £27,609. Trustee have requested the Council of Governors to do a full review and to identify the Youth projects the Lions of MD wish the MD105 Foundation to support in future years.
There was expenditure of £9,409 to organise the following activities:
-
a Young Ambassadors programme with entrants from across the United Kingdom supporting a Young Leaders in Service Programme.
-
Peace Poster & Essay competition.
The annual International Youth Camp was cancelled this year due to lack of numbers but some of the young people did still travel to the UK to take part in the Youth Exchange Programme. The cancellation of the camp did result in a £1800 charge to the Foundation.
The Foundation has continued to support the work of Lions Clubs in MD 105 British Isles working with refugees being resettled in UK from Afghanistan and Ukraine, these programmes are ongoing.
A £5,000 grant from the Disaster Fund was given to Jersey Lions Club to help after the explosion that occurred at the end of 2022.
During the year the Trustees have continued to implement the recommendations on Governance, policies, practices, structures, and strategy of the Foundation accepted in October 2020. Trustee appointments have continued in line with this document.
Page 3
LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023
Financial review
a. Going concern
The trustees have reviewed the charity's forecasts and projects. 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 £82,360 (2022: £70,175) which all consisted of of donations for current and prior year. As shown in the statement of financial activities, the overall surplus for the year amounts to £34,811 (2022: £12,671). Total reserves at the end of the year amount to £465,469 (2022: £430,658) of which £353,629 (2022: £318,387) 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 2023
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:
-
The Charities are registered under a single registration number.
-
The Trustees are required to prepare a single set of accounts for the reporting Charity and the linked
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 (2021: £nil).
Page 5
LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023
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:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgements and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
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:
................................................ Paula Mellows Treasurer
Date: 7th April 2024
Page 6
LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2023
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 2023.
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:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of
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: 10 April 2024
David Boosey BA(Hons) CA
MHA MacIntyre Hudson Maidstone United Kingdom
Page 7
LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023
| 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 2023 £ 271 3,862 4,133 4,564 4,564 (431) 69,448 (431) 69,017 |
Restricted funds 2023 £ 82,089 - 82,089 46,847 46,847 35,242 318,387 35,242 353,629 |
Endowment funds 2023 £ - - - - - - 42,823 - 42,823 |
Total funds 2023 £ 82,360 3,862 86,222 51,411 51,411 34,811 430,658 34,811 465,469 |
Total funds 2022 £ 70,175 478 |
|---|---|---|---|---|---|
| 70,653 | |||||
| 57,982 | |||||
| 57,982 | |||||
| 12,671 | |||||
| 417,987 12,671 |
|||||
| 430,658 |
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 2023
| 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 |
469,145 469,145 (3,676) |
2023 £ 465,469 465,469 42,823 353,629 69,017 465,469 |
433,995 433,995 (3,337) |
2022 £ 430,658 |
|---|---|---|---|---|
| 430,658 | ||||
| 42,823 318,387 69,448 |
||||
| 430,658 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
Paula Mellows Treasurer
Date: 7th April 2024
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 2023
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.
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 from 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.
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.
Page 10
LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
2. Accounting policies (continued)
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 2023
4. Donations and voluntary income
| Unrestricted funds 2023 £ Youth programmes - Community projects - International projects - Health and community grants - Community disaster relief - International disaster relief - Other donations 271 Total 2023 271 Total 2022 323 |
Restricted funds 2023 £ 34,965 5,174 23,900 15,750 600 1,700 - 82,089 69,833 |
Endowment funds 2023 £ - - - - - - - - 19 |
Total funds 2023 £ 34,965 5,174 23,900 15,750 600 1,700 271 82,360 70,175 |
Total funds 2022 £ 27,304 22,955 7,755 3,675 2,120 6,024 342 |
|---|---|---|---|---|
| 70,175 | ||||
5. Investment income
| Unrestricted funds 2023 £ Bank interest receivable 3,862 Total 2022 478 |
Total funds 2023 £ 3,862 478 |
Total funds 2022 £ 478 |
|---|---|---|
Page 12
LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
6. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2023 £ Charitable activities 4,564 Total 2022 4,116 |
Restricted funds 2023 £ 46,847 53,866 |
Total 2023 £ 51,411 57,982 |
Total 2022 £ 57,982 |
|---|---|---|---|
7. Analysis of expenditure by activities
| Charitable activities Total 2022 |
Activities undertaken directly 2023 £ 46,847 53,875 |
Support costs 2023 £ 4,564 4,107 |
Total funds 2023 £ 51,411 57,982 |
Total funds 2022 £ 57,982 |
|---|---|---|---|---|
Page 13
LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
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 Other programmes Total 2023 Total 2022 Analysis of support costs Bank charges Miscellaneous Independent examination fee Legal and professional fees Total 2023 Total 2022 |
Activities 2023 £ 17,513 4,409 9,925 8,500 5,000 1,500 - 46,847 53,875 Activities 2023 £ 418 383 3,713 50 4,564 4,107 |
Total funds 2023 £ 17,513 4,409 9,925 8,500 5,000 1,500 - 46,847 53,875 Total funds 2023 £ 418 383 3,713 50 4,564 4,107 |
Total funds 2022 £ 9,291 12,888 12,312 6,600 4,920 7,855 9 |
|---|---|---|---|
| 53,875 | |||
| Total funds 2022 £ 422 298 3,337 50 |
|||
| 4,107 | |||
Page 14
LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
8. Independent examiner's remuneration
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's independent examiner for the independent | ||
| examination of the Charity's annual accounts | 3,713 | 3,337 |
9. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .
During the year ended 30 June 2023, no Trustee expenses have been incurred (2022 - £NIL) .
10. Taxation
The Foundation is a registered charity and therefore is not subject to taxation.
11. Creditors: Amounts falling due within one year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 3,676 | 3,337 |
Page 15
LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
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 Restricted funds Youth fund Community fund International fund Health fund Community disaster fund International disaster fund Special Olympics |
Balance at 1 July 2022 £ 14,001 10,100 5,403 29,504 39,944 69,448 32,281 5,000 5,542 42,823 Balance at 1 July 2022 £ 137,400 9,831 - 4,666 56,281 85,465 24,219 |
Income £ - - - - 4,133 4,133 - - - - Income £ 34,965 4,049 23,900 5,450 600 1,700 1,125 |
Expenditure £ - - (50) (50) (4,514) (4,564) - - - - Expenditure £ (17,513) (4,409) (9,925) (3,500) (5,000) (1,500) - |
Balance at 30 June 2023 £ 14,001 10,100 5,353 |
|---|---|---|---|---|
| 29,454 | ||||
| 39,563 | ||||
| 69,017 | ||||
| 32,281 5,000 5,542 |
||||
| 42,823 | ||||
| Balance at 30 June 2023 £ 154,852 9,471 13,975 6,616 51,881 85,665 25,344 |
Page 16
LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
12. Statement of funds (continued) Statement of funds - current year (continued)
| Activity Alliance Total of funds |
Balance at 1 July 2022 £ 525 318,387 430,658 |
Income £ 10,300 82,089 86,222 |
Expenditure £ (5,000) (46,847) (51,411) |
Balance at 30 June 2023 £ 5,825 |
|---|---|---|---|---|
| 353,629 | ||||
| 465,469 |
Page 17
LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
12. Statement of funds (continued)
Statement of funds - prior 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 Restricted funds Youth fund Community fund International fund Health fund Community disaster fund |
Balance at 1 July 2021 £ 14,001 10,100 5,453 29,554 44,530 74,084 32,281 5,000 5,523 42,804 Balance at 1 July 2021 £ 119,387 400 4,375 5,466 59,081 |
Income £ - - - - 801 801 - - 19 19 Income £ 27,304 22,180 7,755 3,150 2,120 |
Expenditure £ - - (50) (50) (4,066) (4,116) - - - - Expenditure £ (9,291) (12,888) (12,312) (4,950) (4,920) |
Transfers in/out £ - - - - (1,321) (1,321) - - - - Transfers in/out £ - 139 182 1,000 - |
Balance at 30 June 2022 £ 14,001 10,100 5,403 |
|---|---|---|---|---|---|
| 29,504 | |||||
| 39,944 | |||||
| 69,448 | |||||
| 32,281 5,000 5,542 |
|||||
| 42,823 | |||||
| Balance at 30 June 2022 £ 137,400 9,831 - 4,666 56,281 |
Page 18
LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
12. Statement of funds (continued)
Statement of funds - prior year (continued)
| International disaster fund Special Olympics Activity Alliance Total of funds |
Balance at 1 July 2021 £ 87,296 23,444 1,650 301,099 417,987 |
Income £ 6,024 775 525 69,833 70,653 |
Expenditure £ (7,855) - (1,650) (53,866) (57,982) |
Transfers in/out £ - - - 1,321 - |
Balance at 30 June 2022 £ 85,465 24,219 525 |
|---|---|---|---|---|---|
| 318,387 | |||||
| 430,658 |
13. Summary of funds
Summary of funds - current year
| Designated funds General funds Endowment funds Restricted funds |
Balance at 1 July 2022 £ 29,504 39,944 42,823 318,387 430,658 |
Income £ - 4,133 - 82,089 86,222 |
Expenditure £ (50) (4,514) - (46,847) (51,411) |
Balance at 30 June 2023 £ 29,454 39,563 42,823 353,629 |
|---|---|---|---|---|
| 465,469 |
Page 19
LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
13. Summary of funds (continued)
Summary of funds - prior year
| Designated funds General funds Endowment funds Restricted funds |
Balance at 1 July 2021 £ 29,554 44,530 42,804 301,099 417,987 |
Income £ - 801 19 69,833 70,653 |
Expenditure £ (50) (4,066) - (53,866) (57,982) |
Transfers in/out £ - (1,321) - 1,321 - |
Balance at 30 June 2022 £ 29,504 39,944 42,823 318,387 |
|---|---|---|---|---|---|
| 430,658 |
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
Governance and Training Fund - is a fund that consists of amounts put aside for the development and direct costs associated with training of trustees, as well as the general overall governance of the charity.
ChildSight - is a designated fund of monies received for launch vision screening in schools, through partnership working with Public Health England and Local Authorities.
Endowment Funds
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.
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.
MD105 Youth Investment - has been created to ringfence a surplus in reserves that is available to fund shortfalls on future Youth projects.
Restricted Funds
Youth Fund - 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 allocated 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 in support of its objectives. The Trustees made the decision to close the designated fund and transfer the balance to the general fund.
Page 20
LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
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 broadening the international awareness among 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.
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.
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.
Activity Alliance Fund - This fund holds restricted donations for supporting the works to make active lives possible with a vision that people with disabilities are active for life.
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LIONS CLUBS INTERNATIONAL MULTIPLE DISTRICT 105 FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
14. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2023 £ Current assets 72,693 Creditors due within one year (3,676) Total 69,017 |
Restricted funds 2023 £ 353,629 - 353,629 |
Endowment funds 2023 £ 42,823 - 42,823 |
Total funds 2023 £ 469,145 (3,676) 465,469 |
|---|---|---|---|
Analysis of net assets between funds - prior year
| Current assets Creditors due within one year Total |
Unrestricted funds 2022 £ 72,785 (3,337) 69,448 |
Restricted funds 2022 £ 318,387 - 318,387 |
Endowment funds 2022 £ 42,823 - 42,823 |
Total funds 2022 £ 433,995 (3,337) 430,658 |
|---|---|---|---|---|
15. Related party transactions
During the year, donations amounting to £100 (2022: £870) were received from Birmingham Chinatown Lions Club Charitable Trust Fund of which S Sherman is also a trustee. Donations amounting to £68 (2022: £740) were received from Lions Club of Chipping Sodbury (CIO) of which I Gott is also a trustee. Donations amounting to £50 (2022: £740) were received from Lions Club International District 105SE, of which T Berry is also a trustee.
All donations were received under normal conditions in line with the Charity's operations.
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