CHARITY REGISTRATION NUMBER: 1184399
Wroxham & Hoveton Lions Club CIO Unaudited financial statements
For the year ended
30 June 2025
Wroxham & Hoveton Lions Club CIO
Financial statements
Year ended 30 June 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 |
Wroxham & Hoveton Lions Club CIO
Trustees' annual report
Year ended 30 June 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 30 June 2025.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published in October 2019.
Reference and administrative details
Registered charity name Wroxham & Hoveton Lions Club CIO Charity registration number 1184399 Principal office The Lions Shop Riverside Centre Hoveton Norwich Norfolk NR12 8AJ
The trustees
The trustees who served during the year and at the date of approval were as follows:
M Clipston M Holden R Hill (resigned 30 June 2025) J Schiebler (resigned 26 November 2024) D Moxon D Bowler (appointed 1 July 2025) T Risebrow (appointed 1 July 2025) Secretary M Holden Independent examiner Mark Proctor FCA DChA Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB Bankers HSBC Bank Plc 18 London Street Norwich Norfolk NR2 1LG
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Wroxham & Hoveton Lions Club CIO
Trustees' annual report (continued)
Year ended 30 June 2025
Objectives and activities
The charity shall pursue such charitable purpose or purposes according to the law of England and Wales in and within the beneficial area as the club shall in its absolute discretion determine and select.
The charity aims to raise as much money as possible through fund raising activities and the charity shop to enable us to serve the community and those less fortunate than ourselves by charitable donations.
Public benefit
The Trustees confirm that due regard has been paid to the Charity Commission guidance on public benefit, in deciding what activities the charity should undertake. It is considered a public benefit will be provided through the donations made by the Trust to other charities towards their charitable objectives and to those less fortunate.
Achievements and performance
Depsite the difficult trading conditions evidient in the economy, the shop continues to show a satisfactory position. We have continued to support the local community with donations to a wide variety of deserving causes.
Financial review
The Trustees continue to monitor the financial position closely, in the light of continually rising costs in the economy as a whole, so as to ensure the trading position remains stable, thus enabling the necessary level of funds to be generated to maintain our present level of work in the community. They are satisfied with the current financial position with sufficient cash reserves available for this purpose.
Reserves policy
At the year-end the charity's reserves were £88,259 (2024: £97,041), with free reserves amounting to £83,178 (2024: £90,186).
The Trustees aim to maintain adequate cash reserves to cover a full year's worth of expenditure in the event of a difficult period thereby ensuring funds are readily available for the charity's needs. The Trustees consider the Trust to be in a strong financial position with sufficient cash balances to ensure work within the community to continue satisfactorily.
Plans for future periods
The trustees consider all objectives were met in the last financial year and the plan for the future is to continue on the same basis.
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Wroxham & Hoveton Lions Club CIO
Trustees' annual report (continued)
Year ended 30 June 2025
Structure, governance and management
Governing document
Wroxham and Hoveton Lions Club CIO was formed in 1975 as a Charitable Trust, but changed to become a CIO on 12 July 2019 and is a registered charity with the Charity Commission.
The Club began to trade as a CIO on 1 August 2020, before which point all transactions passed through Wroxham and Hoveton Lions Club Trust Fund, charity number 280331.
Recruitment, appointment and training of Trustees
Trustees shall be appointed from Club members who through residence, occupation, employment or otherwise have special knowledge of the area of benefit or who are otherwise able by virtue of their personal and professional qualifications to make a contribution to the pursuit of the objects of the charity.
Persons appointed to the positions of President, Secretary and Treasurer automatically become Trustees on their appointment to Office.
The remaining Trustees are appointed on a three year rolling basis by a democratic vote by the Club, after being identified by the existing Trustees as a possible candidate, and their agreement to act sought.
The Trustees who held office throughout the year are listed on page 1.
True and Fair override
The accounts (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 Accounting and Reporting by charities by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The trustees' annual report was approved on 16 March 2026 and signed on behalf of the board of trustees by:
M Clipston Trustee
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Wroxham & Hoveton Lions Club CIO
Independent examiner's report to the trustees of Wroxham & Hoveton Lions Club CIO
Year ended 30 June 2025
I report to the charity trustees on my examination of the financial statements of the charity for the year ended 30 June 2025 which are set out on pages 6 to 15.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 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 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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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements 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.
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Wroxham & Hoveton Lions Club CIO
Independent examiner's report to the trustees of Wroxham & Hoveton Lions
Club CIO (continued)
Year ended 30 June 2025
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.
Your attention is drawn to the fact that the Charity has prepared the accounts (financial statements) 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
Mark Proctor FCA DChA Independent Examiner
Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB
30 March 2026
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Wroxham & Hoveton Lions Club CIO
Statement of financial activities
Year ended 30 June 2025
| 2025 | 2025 | 2024 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 3,616 | 3,616 | 10,925 |
| Charitable activities | 5 | 89,349 | 89,349 | 87,268 |
| Other trading activities | 6 | 7,101 | 7,101 | 4,366 |
| Investment income | 7 | 2,347 | 2,347 | 2,419 |
|
|
|
||
| Total income | 102,413 | 102,413 | 104,978 | |
|
|
|
||
| Expenditure | ||||
| Charitable activities | 8 | 111,195 | 111,195 | 112,657 |
|
|
|
||
| Total expenditure | 111,195 | 111,195 | 112,657 | |
|
|
|
||
| Net expenditure and net movement in funds | (8,782) | (8,782) | (7,679) | |
| Reconciliation of funds | ||||
| Total funds brought forward | 97,041 | 97,041 | 104,720 | |
|
|
|
||
| Total funds carried forward | 88,259 | 88,259 | 97,041 | |
|
|
|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 15 form part of these financial statements.
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Wroxham & Hoveton Lions Club CIO
Balance sheet
30 June 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible fixed assets | 13 | 5,081 | 6,855 | ||
| Current assets | |||||
| Debtors | 14 | 3,142 | 5,770 | ||
| Cash at bank and in hand | 83,097 | 86,775 | |||
|
|
||||
| 86,239 | 92,545 | ||||
| Creditors: amounts falling due within | |||||
| one year | 15 | (3,061) | (2,359) | ||
|
|
||||
| Net current assets | 83,178 | 90,186 | |||
|
|
||||
| Total assets less current liabilities | 88,259 | 97,041 | |||
|
|
||||
| Net assets | 88,259 | 97,041 | |||
|
|
||||
| Funds of the charity | |||||
| Unrestricted funds | 88,259 | 97,041 | |||
|
|
||||
| Total charity funds | 17 | 88,259 | 97,041 | ||
|
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These financial statements were approved by the board of trustees and authorised for issue on 16 March 2026, and are signed on behalf of the board by:
M Clipston Trustee
The notes on pages 8 to 15 form part of these financial statements.
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Wroxham & Hoveton Lions Club CIO
Notes to the financial statements
Year ended 30 June 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Lions Shop, Riverside Centre, Hoveton, Norwich, Norfolk, NR12 8AJ.
2. Statement of compliance
The charity constitutes a public benefit entity as defined by FRS 102. 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
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 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 issued 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.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
The financial statements have been prepared on a going concern basis, as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
(c) Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
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Wroxham & Hoveton Lions Club CIO
Notes to the financial statements (continued)
Year ended 30 June 2025
3. Accounting policies (continued)
(d) Income
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impracticle to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliabily measured. No amounts are included for the contribution of general volunteers.
(e) Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
(f) Grants
Grants are recognised in the year in which they are authorised, communicated and become unconditionally payable.
(g) Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
(h) Tangible assets
All fixed assets are initially recorded at cost.
There is no value below which assets are not capitalised.
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Wroxham & Hoveton Lions Club CIO
Notes to the financial statements (continued)
Year ended 30 June 2025
3. Accounting policies (continued)
(i) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 25% reducing balance Motor vehicles - 25% reducing balance
(j) Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
(k) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Collections | 3,078 | 3,078 | 3,139 | 3,139 |
| Donations | 538 | 538 | 7,786 | 7,786 |
|
|
|
|
|
| 3,616 | 3,616 | 10,925 | 10,925 | |
|
|
|
|
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| Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Shop takings | 89,349 |
89,349 |
87,268 |
87,268 |
5. Charitable activities
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Wroxham & Hoveton Lions Club CIO
Notes to the financial statements (continued)
Year ended 30 June 2025
6. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Tombola | 191 | 191 | 104 | 104 |
| Craft fair | 1,932 | 1,932 | 2,151 | 2,151 |
| Lottery | 256 | 256 | 278 | 278 |
| Summer fete and events | 4,722 | 4,722 | 1,833 | 1,833 |
|
|
|
|
|
| 7,101 | 7,101 | 4,366 | 4,366 | |
|
|
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|
|
| Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 2,347 | 2,347 | 2,419 | 2,419 |
|
|
|
|
7. Investment income
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Wroxham & Hoveton Lions Club CIO
Notes to the financial statements (continued)
Year ended 30 June 2025
8. Expenditure on charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Grants | 21,984 | 21,984 | 36,788 | 36,788 |
| Wages | 45,750 | 45,750 | 33,639 | 33,639 |
| Rent and rates | 17,609 | 17,609 | 14,780 | 14,780 |
| Insurance | 4,068 | 4,068 | 4,331 | 4,331 |
| Support costs | 21,784 | 21,784 | 23,119 | 23,119 |
|
|
|
|
|
| 111,195 | 111,195 | 112,657 | 112,657 | |
|
|
|
|
|
| Analysis of support costs: | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Light and heat | 1,950 | 1,455 | ||
| Repairs and maintenance | 6,874 | 7,491 | ||
| Travelling | 1,723 | 1,642 | ||
| Independent examination fees | 1,764 | 1,709 | ||
| Legal and professional fees | 956 | 874 | ||
| Printing, stationery and telephone | 1,144 | 1,418 | ||
| Depreciation | 1,774 | 2,287 | ||
| General expenses | 2,600 | 2,670 | ||
| Expenses re charity objectives | 2,212 | 3,010 | ||
| Volunteer expenses | 77 | 563 | ||
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|
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| Total | 21,784 | 23,119 | ||
|
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Total grants made during the year were for the following purposes:
| Purpose | 2025 | 2024 |
|---|---|---|
| £ | £ | |
| Education and community | 18,336 | 19,873 |
| Healthcare | 1,541 | 14,475 |
| Lions Club International Foundation | 2,107 | 2,240 |
| Rescue Services | – | 200 |
|
|
|
| 21,984 | 36,788 | |
|
|
Grants over £500 have been analysed below.
Typical grants were:
| Typical grants were: | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Education and community | ||
| Broadland Community Centre | 1,625 | 3,000 |
| Broadland Academy | – | 600 |
| Nancy Oldfield Trust | 3,000 | – |
| Salvation Army | – | 1,422 |
| Dawns New Horizons | – | 1,500 |
| Horning Hub | 810 | – |
| Wroxham PCC | 1,000 | – |
| Horning Village Hall | 1,000 | – |
| Three Villages Community Store | 750 | – |
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Wroxham & Hoveton Lions Club CIO
Notes to the financial statements (continued)
Year ended 30 June 2025
| Etech Ltd | 1,615 | – | ||
|---|---|---|---|---|
| RC Snellings Ltd | 698 | – | ||
| Healthcare | ||||
| Recare Limited | – | 13,000 | ||
| Lennor Childrens Cancer Trust | – | 1,000 | ||
| Caring Together | 1,541 | – | ||
| Lions Club International Foundation | ||||
| LCI Roar | 510 | 1,020 | ||
| LCI Vision Cameras | 1,000 | – | ||
| 9. | Net expenditure | |||
| Net expenditure is stated after charging/(crediting): | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 1,774 | 2,287 | ||
|
|
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| 10. | Independent examination fees | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 1,764 | 1,709 | ||
|
|
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| 11. | Staff costs | |||
| The total staff costs and employee benefits for the reporting | period are | analysed as follows: | ||
| 2025 | 2024 | |||
| £ | £ | |||
| Wages and salaries | 45,198 | 33,427 | ||
| Employer contributions to pension plans | 552 | 212 | ||
|
|
|||
| 45,750 | 33,639 | |||
|
|
The average head count of employees during the year was 4 (2024: 4).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the Trustees.
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Wroxham & Hoveton Lions Club CIO
Notes to the financial statements (continued)
Year ended 30 June 2025
13. Tangible fixed assets
| Fixtures and | Motor | |||
|---|---|---|---|---|
| fittings | vehicles | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 July 2024 and 30 June 2025 | 780 | 11,994 | 12,774 | |
|
|
|
||
| Depreciation | ||||
| At 1 July 2024 | 531 | 5,388 | 5,919 | |
| Charge for the year | 122 | 1,652 | 1,774 | |
|
|
|
||
| At 30 June 2025 | 653 | 7,040 | 7,693 | |
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|
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| Carrying amount | ||||
| At 30 June 2025 | 127 | 4,954 | 5,081 | |
|
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| At 30 June 2024 | 249 | 6,606 | 6,855 | |
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|
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| 14. | Debtors | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Prepayments and accrued income | 3,142 | 5,770 | ||
|
|
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| 15. | Creditors: amounts falling due within one year | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Trade creditors | – | 305 | ||
| Accruals and deferred income | 2,605 | 1,680 | ||
| Social security and other taxes | 456 | 374 | ||
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|
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| 3,061 | 2,359 | |||
|
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16. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £552 (2024: £212).
17. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | ||||||
| At | 1 | July 2024 | Income | Expenditure | 30 June 2025 | |
| £ | £ | £ | £ | |||
| General funds | 97,041 | 102,413 | (111,195) | 88,259 | ||
|
|
|
|
|||
| At | ||||||
| At | 1 | July 2023 | Income | Expenditure | 30 June 2024 | |
| £ | £ | £ | £ | |||
| General funds | 104,720 | 104,978 | (112,657) | 97,041 | ||
|
|
|
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Wroxham & Hoveton Lions Club CIO
Notes to the financial statements (continued)
Year ended 30 June 2025
18. Analysis of net assets between funds
As at 30 June 2025
| Tangible fixed | Net current | Total Funds | |
|---|---|---|---|
| assets | assets | 2025 | |
| £ | £ | £ | |
| Unrestricted Income Funds | |||
| General Funds | 5,081 | 83,178 | 88,259 |
|
|
|
|
| 5,081 | 83,178 | 88,259 | |
|
|
|
|
| As at 30 June 2024 | |||
| Tangible fixed | Net current | Total Funds | |
| assets | assets | 2024 | |
| £ | £ | £ | |
| Unrestricted Income Funds | |||
| General Funds | 6,855 | 90,186 | 97,041 |
|
|
|
|
| 6,855 | 90,186 | 97,041 | |
|
|
|
19. Operating lease commitments
The total future minimum lease payments under non-cancellable operating leases are as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Not later than 1 year | 6,750 | 9,000 |
| Later than 1 year and not later than 5 years | – | 6,750 |
|
|
|
| 6,750 | 15,750 | |
|
|
20. Related parties
There were no transactions with related parties in the year (2024: none).
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