Weston-super-Mare Lions Club (CIO)
Report and unaudited financial statements for the period ended 30[th] June 2021
Charity No. 1182704
Brooking Ruse Chartered Accountants 2 Stafford Place Weston-super-Mare Somerset, BS23 2QZ.
Weston-super-Mare Lions Club (CIO)
| Contents | Pages |
|---|---|
| Trustees’ report | 1 - 3 |
| Accountants’ report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the unaudited financial statements | 7 - 8 |
Weston-super-Mare Lions Club (CIO)
Annual report of the trustees
The trustees present their report together with the unaudited financial statements for the period ended 30[th] June 2021.
Administrative details
Weston-super-Mare Lions Club is a registered Charitable Incorporated Organisation (CIO) number 1182704.
The administrative office and operational address is:
Weston-super-Mare Lions Club 19 Monks Hill Weston-super-Mare Somerset BS22 9RQ.
Trustees
Katheryn Bach (appointed 1[st] July 2020) Paul Middleton (appointed 1[st] July 2020) Leslie Cumming (appointed 20[th] January 2021) Christopher Nelson (appointed 1[st] July 2019) Geoffrey Brittan (appointed 1[st] July 2020) Lee Bowering (appointed 1[st] July 2020) Colin Golding (appointed 29[th] March 2019) Patrick Horrigan MBE (appointed 1[st] July 2020) John Holland (appointed 29[th] March 2019) Joanne Underhay (appointed 1[st] July 2021) Martin Williams (appointed 1[st] July 2021)
Reporting accountants
Brooking Ruse Chartered Accountants 2 Stafford Place Weston-super-Mare Somerset BS23 2QZ.
Bankers
HSBC Bank plc 30 High Street Weston-super-Mare Somerset BS23 1JE.
Page 1
Weston-super-Mare Lions Club (CIO)
Annual report of the trustees …continued
Purposes and aims
Our charity’s purposes are set out in the charity’s constitution dated 29[th] March 2019.
We aim to:
- Advance citizenship by promoting the principles of good citizenship, encouraging members to take an active interest in the civic, cultural, social and moral welfare of the community. We aim to support youth to develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals whilst promoting the voluntary sector for the public benefit by associating with local authorities in a common effort to advance education and provide facilities in the interests of social welfare for recreation or other leisure time occupation to improve the conditions of people in local, national and international communities.
Structure, governance and management
On 29[th] March 2019 Weston-super-Mare Lions Club was registered as a Charitable Incorporated Organisation (CIO) number 1182704. On that date Weston-super-Mare Lions Club and their Charitable Trust Fund (charity number 1063936) transferred their assets to the CIO which commenced activities on that date.
There must be at least 3 trustees. Apart from the first trustees, every trustee must be elected by a resolution of the members at a meeting in accordance with clause 14 of the charity’s constitution. In selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity and further the purposes and aims of the charity detailed above.
The trustees are also responsible for identifying major risks to which the charity is exposed. They believe systems have been established to manage those risks.
Public benefit
The charity trustees are of the opinion that they have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission.
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 including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
Page 2
Weston-super-Mare Lions Club (CIO)
Annual report of the trustees …continued
The trustees are responsible for keeping sufficient accounting records that 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.
Achievements during the year
The Covid-19 virus continues to have an impact on our day-to-day activities, but we have found new avenues for raising funds and have some exciting new projects planned for 2022. Our membership continues to be strong with the introduction of some new young faces.
Reserves
The deficit for the period of £6,968 has been deducted from the balance brought forward at 1[st] July 2020 of £47,664 resulting in a balance carried forward of £40,696 to future accounting periods. The trustees hope to build reserves to ensure adequate resources for activities to continue for a minimum of twelve months.
This report was approved by the Board on 15[th] November 2021 and signed on its behalf by
Christopher Nelson Trustee
Page 3
Independent examiner’s report to the trustees of Weston-super-Mare Lions Club (CIO)
I report to the trustees on my examination of the accounts of Weston-super-Mare Lions Club for the period ended 30[th] June 2021, which are set out on pages 5 to 8.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’).
I report in respect of my examination of the Trustee’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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(1) accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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(2) the accounts do not accord with those records; or
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(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.
Robert Orr, Brooking Ruse, Chartered Accountants, 2 Stafford Place, Weston-super-Mare, Somerset, BS23 2QZ.
15[th] November 2021
DIT.CB.04272
Page 4
Weston-super-Mare Lions Club (CIO)
Statement of financial activities for the period ended 30[th] June 2021
| Notes | 2021 | 2020 | |
|---|---|---|---|
| £ | £ | ||
| Incoming resources | |||
| Fundraising | 7,835 | 116,602 | |
| Subscriptions | 3,129 | 11,045 | |
| Sundry | 359 | 686 | |
| ______ | ______ | ||
| 11,323 | 128,333 | ||
| ______ | ______ | ||
| Resources expended | |||
| Charitable donations | 12,421 | 51,819 | |
| Fundraising costs | 5,140 | 70,146 | |
| Governance costs | - | 300 | |
| Sundry | 730 | 1,623 | |
| ______ | ______ | ||
| 18,291 | 123,888 | ||
| ______ | ______ | ||
| Net (outgoing)/incoming resources | 4 | ( 6,968) ______ |
4,445 ______ |
| All funds are unrestricted |
The notes on pages 7 to 8 form an integral part of these financial statements.
Page 5
Weston-super-Mare Lions Club (CIO)
Balance Sheet as at 30[th] June 2021
| Notes Current assets Cash at bank and in hand Net current assets Total assets less current liabilities The funds of the charity 4 Unrestricted funds |
2021 £ 40,696 ______ 40,696 ______ 40,696 ______ 40,696 ______ |
2020 £ 47,664 ______ 47,664 ______ 47,664 ______ 47,664 ______ |
|---|---|---|
The financial statements were approved by the board on 15[th ] November 2021 and signed on its behalf by:
Christopher Nelson Trustee
The notes on pages 7 to 8 form an integral part of these financial statements.
Page 6
Weston-super-Mare Lions Club (CIO)
Notes to the unaudited financial statements
for the period ended 30[th] June 2021
1. Accounting Policies
- (a) Basis of preparation of financial statements
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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(b) Preparation of the accounts on a going concern basis
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The charity reported a deficit for the year of £6,968 which resulted in a valuation of funds held within the charity of £40,696 at 30[th] June 2021. The Trustees are confident of receiving the continued support from its members and on this basis, the Trustees have prepared the accounts on a going concern basis.
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(c)
Funds structure
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.
(d)
Incoming resources
- All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. The following specific policies are applied to particular categories of income:
Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Incoming resources from grants, where there are performance or service deliverables required by the terms of the grant, are accounted for as the charity earns the right to payment through its performance.
Donated services and facilities are included at the value to the charity where this can be quantified.
Investment income is included when receivable.
(e) Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
(f)
Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Page 7
Weston-super-Mare Lions Club (CIO)
Notes to the unaudited financial statements
for the period ended 30[th] June 2021 …continued
2 . Trustees remuneration
No members of the management committee received any remuneration during the year, nor were any expenses reimbursed to trustees.
3 . Taxation
As a charity, Weston-super-Mare Lions Club is exempt from tax on income and gains falling within sections 466 to 493 Corporation Tax Act 2010 (CTA 2010) or section 256 Taxation of Chargeable Gains Act 1992 (TCGA 1992) to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
4.
Unrestricted funds
| 2021 £ At 1stJuly 2020 47,664 Transfer from Weston-super-Mare Lions Club Charitable Trust Fund 29thMarch 2020 - (Deficit)/surplus for the period ( 6,968) ______ At 30th June 2021 40,696 ______ |
2020 £ - 43,219 4,445 ______ 47,664 ______ |
|---|---|
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