REGISTERED CHAIRTY NUMBER: 1187589 REPORT OF THE TRUSTEES AND UNAUDrrED FINANaAL STATEME14TS FOR THE YEAR ENDED 30TH JUNE 2023 FOR WATFORD LIONS CLUB CIO
WATFORD LIONS CLUB 00 coNrENTS OF THE FINANCIAL STATEMENT5 FOR THE YEAR ENOED 30TH JUNE 2023 Report of the Trustees Independent Examiner's report Statement of Flnanclal Actfvitles Statement of Flnanclal P051tion Notes to the Flnanclal Statements Detailed Statement of Financial Actlvltles
WATFORD LIONS CLUB CIO REPORT OF THE TRusfEES FOR THE YEAR ENDED 30Th JUNE 2023 The tiustees present their report with the financial st8tement of the charity forthe year ended 30th June 2023. The trustees have adopted the provisions of Acccounting and Reporting by Charities .' Statement of Recommended Practice applicable to tharities preparing their accounts In accordance wlth the Financial Reportin8 Standard applicable in the UK and Republi£ of Ireland IFRS 1021 leffKtive l January 20151. OBJECTIVE ANO ACTIVITIES Objertlves arKI alms The oblects state that the trustees shall hold the Trnst Fund and Its Income upon trust to applv for any purpose which is charitsble according to the Law of England and Wales whether for the benefit of any individual or 8roup of people or for the benefit of any other cr8anisation established for charitable purposes pro¥ided always that the Trustees shall not apply the fund of any part thereof without first obtaining the approval of the Watford Lions Club CIO at a Lions Club meeting. The trustees have consldered the Charlty Commission's guidance on Public Benefit. The work of the charlty gives rlse to publlc benefit by supporting other registered charltles wlth donations and grants. Volunte•rs The charlty requlred approxlmately 45C hours of volunteerfs efforts In the year to carry out Its work. It 55 dlfPicult to attrlbute èn etonomlc value to thls contrtbutlons that the volunteers make of their time but is crucial to the funrtioning of the charity. The trustees ensure that the best value Is derlved from ihe effort of the volunteers.
WATFORD UONS CWB CIO REPORT OF THE TRusfEES FOR THE YEAR ENDED 30TH JUNE 2023 ACHIVEMENT AND PERFORMANCE Charf(3ble activities Durlng the year, the Watford Lions Club CIO continued its regular fundraislng activities The Club organised , Abbots Langley Fireworks & Cassiobury fireworks, Abbots Langley CarnNal and Santa Sleigh. The Club continued to provide support to many sertors of communities both locally and abroad from the funds raised by the Club, orBanisations that support the SICK the young and the elderly. Various projects undertaken by Lions Districts and Lions International We supported by the Club to provide assistance durin8 humanitarian disasters. Donations rnade in the year are shown in the accounts. It is anticipated that the Club will continue with its fundralslng and service activlties In the fvture to enable the Charity to achieve its objectives. Due to the contlnued effects of Covid It has not been posslble to organlse events for the elderty In ihe year. We are therefore happy to report that the trustees have consldered the Charltly Commlsslons's 8uldance on publlc beneflt. We can confirm that these actlvltles provide a publlc bentfit because they support reglstered charities by donations and 8rants. FINANCIAL REVIEW Reserves pollcy Funds ralsed as general donatlons are utili5ed to make donations. However where funds are ralsed for specific projects or events these are identlfied separately. learmarkedl, and donated towards the relevant projects or events as required. Reserves at the year end therefore include funds thal were ra15ed as general donatlons that have not yet been used to make donation5 and funds that have been received but earmarked for use on speclflc prolects or events. Over and above any funds held that have been earmafked for specific projects and events it is the policy of the Charity to mainialn some unrestricted reseNes not committed or invested in tangible assets. This is in order to ensure that seed fundlng Is avallable for new projects to be started when r*cessary.
WATFORD LIONS CLUB CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2023 STRUCTURE. GOVERNANCE AND MANAGEMEKr Governlng document Warford Lion5 Club CIO was registered a charlty no. 1187589 on 27th January 2020 and incorporated on 17th July 2020, takin8 over the trust fund adminstrated and managed by by the trustees under the name of Watford Charfjtsble Trust Fund Re8lstered Charity number 1006723. The Club was estsblished as a Charitable Incorporated Oryanlsatlon {CIOI effectlve on 17th july 2020 IRegistered Chèrlty No.11875891 The body of trustees consists of upto six persons. REFERENCE AND ADMINISTRATIVE DrrAILS Reglstered Charlty number 1187589 Prlnclpal address clo Flat 25, Rockwell CourL The Gateway, Warford, WD18 7HQ Presldent Mr john Wyatt (Appointed 1st July 20231 Mrs Glta Mistry IResl8ned 1st July 20231 Secretary Mr Thural Srl Mohan Treasurer Mr Mèhul Popat lappolnted 15tJuly 20231 Trustees Mr Suresh Gajiar Mr Thurai Sri Mohan Mrjohn Wyatt Mr Prakash Pan¢h•l Mr Gulab Mistry Independent examiner Mr Vlnod Valand IFCCAI Avln Accountants, Accountants & Registered Auditors 78 Queens Road Wètford WD17 2LA Approved by behalf b¥= er of th board of trustees on2&h..fv4a... 2023 and signed on Its Mr Suresh G Trustee
INDEPENDENT EXAMINER'S REPORT TO ThE TRUSTEES OF WATFORD L10145 CLUB CIO Independent examiner's report to the trustees of Wattord Lions Club CIO I report to the charitytrustees on my examination of the accounts of Watford LÈons Club CIO I the Clubl for the year ended 30th June 2023. R&sponslbllltles and S15 of report As the Charity Trustees of the Club you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Art 20111'the Actr). I report In respect of my examlnation of the aub's accounts carried out under settion 145 of the Art and in carryn8 Out my examination I havè followed all appllcable Dlrectlans given by the Charlty Commlsslon under section 14515llbl of the Att. Independent examlner's statement I have completed my examlnation. I confirm that no material matters have come to my attentlon in connettion wlth the examlnation giwng me cause to believe that in any material respect.. l a¢countln8 records We not kept In respect of the Clubs requlred by sectlon 130 of the Act,. or 2 the accounts do not accord with those recor(1s,' or 3 the accounts do not comply wlth the appllcable requlrements concemln8 the form and content of accounts set out In the Charities (Accounts and Reports) Regulatlons 2CKJ8 other than any requlrement that the ac¢ounts gfve a twe and falr view whlch Is not a matter consldered as part of the Independent examlnation. I conflrm that there are no other matters to which your attention Should be drawn to enable nderstandiins of the account5 to be reathed, nt Examlner Mr Vinod Valand IFCCAI Avln Accountants, Accountants & Reglstered Audltors 78 Queens Road Warford WD17 2LA 25.th ..Ml 2023
WATFORD UONS CLUB CIO STATEMEKf OF FINANCIAL AcnvmES FOR THE YEAR ENDED 30TH JUNE 2023 2023 2022 Unrestrkted Unrestricted fund fund Notes INCOMEAND ENDOWMENTS FROM Donatlons Members Dues TOTAL 37.480 1,450 31,802 1,280 33,082 EXPENDITURE ON Ra15inB donations and charltrble donatlons Dlstrict dues and admln expenss INCOMEI{EXPENDmJREI 26.758 1,9Q7 10,265 18.824 1,820 12,438 RECONCILIATION OF FUNDS Total funds bro¥tht forward 33.059 20,621 TOTAL FUNDS CARRIED FORWARD 43.324 33,059
WATFORD UONS CLU8 CIO STATEMENT OF FINANCIAL P05rn0N FOR THEYWI ENDED 30TH JUNE 2023 2023 Unrestrirted fvnd 2022 Unrestrlcted fvnd Notes CURRENT ASSETS Other debtors Cash at bank 46.324 34,059 46,324 34,059 OTHER CREDITORS Amount$ fallln8 due wlthln one year 1,0 NETCURRENT ASS 43.324 33.059 NET Asstrs 43,324 33,059 FUNDS Unrestrlcted funds 43,324 33,059 TOTAL FUNDS 43,324 33,059 The fSnanaal statements were approved by the Board of Trustees onh..A023 and were 518ned ort its r John Wyatt Presldent Mr ehul Popat Treasurer The notes form part of these financial statements
WATFORD UONS CLUB ao NOTES TOThE FINANaAL sfATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023 l AccoupmN6 POLICIES Flrst tlme adoption The financial ststements of the charty. which is a public benefit entity under FRSIO2. have been prepared Sn accordance with the Charities SORP IFRS 1021 'Accountln8 and Reportin8 by Charities.. Statement of Rècommended Practice applicable to charrties preparing their acct)unts in accordance with the Financial Reportin8 Stand3nd appllcable In the UK and Republic of Ireland (FRS 1021 leffe¢tfve l January 20151., Financial Reporting Standard 102 The Financial Reportlng Standard applicable in the UK and Republlc of Ireland, and the Charlties Att 2011. The financial ststements have been prepared under the hlstortcal c05t convention. Income All income Is recognised in the Statement of Financial ActNities once the charity h•$ entltlernent to the fvnds. r¢ is probable that the in¢Dme will be received and the amount can be measured reliably. Donatlons and le8acles All In¢omln8 resources are Included on the Statement of Flnandal Actlvltles when the charity is lègally entitled to Trncome and the amount can be quantlfled wlth reasonable accuracy. Expendlture Llabilities are reeognised as expenditure as soon as there Is a le831 or constructlve obligatlon commlttlnB the charlty to that expendlture, It Is probably that a transfer of economic beneflts wlll be required In settlement and the amount of the obll8atlon can be measured rellably. Expendlture is accounted for on an accrual basls and has been classlfled under headin8S that aggregate all ¢o5ts related to the category. Where cost5 cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. TatIon The charity is exempt from tax on Ots charitable actlvitles. Fund Accountlng Unrestricted fund5 can be used in accordance with the charltable objectwes at the dlseretion of the trustee5. Restrltted funds can only be used for parricular restrlcted purposes wlthln the ob}ects of the charity. RestrFCtions arise whèn speafied by the donor or when funds are ralsed for particular restrirted purposes. Further explanation of the n3re and purpose of each fund Is included In the notes to the nnancial statements.
WATFORD IIONS CLUB ao NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023 2 TRUSTEES, REMUNERAnoN AND BENEFITS There werè no trustees. remuneratbon or other benefits for the year ended 30th June 2023 nor for the year ended 30th June 2022. Trusttts, èxpens There were no trustees. expenses paid for the year ended 30th June 2023 nor the year ended 3hJue 2022. 1023 2022 3 STAFF COSTS The average monthly number of employees durln8 the year was as follows- No employees received emoluments in exce55 of £60.(M)) 4 DEBTORS: AMOUNTS FALLING DVE WITHIN ONE YEAR 2022 2022 Other debtors 5 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2022 Flreworks sponsorship prèpayment 3,OC i.oth) io
WATFORD LIONS CLUB CIO NOTES TOTHE FINANaAL sfATEMENTS FOR THE YEAR ENDED 30Th JUNE 2023 6 MOVEMENfs IN FUNDS Net movement in fvnds At 117n2 At 3016123 Unrestrkted funds General FL¢nd 33,059 10.265 43.324 TOTAL FUNDS 33,059 10,265 43,324 Net mtsvement in fvnds. induded in the akw are as follows: Incoming source5 Resources expended Movement In lunds Unrestrt¢ted fvnds General Fund 38,930 28,665 10,265 TOTAL FUNDS 38.930 28,665 10.265 Comparatlve for movemert In fund5 Net movtment In fvnds At in121 At 3016122 UnrestrFCted lunds General Fund 20.621 12,438 33,059 TOTAL FUNDS 20.621 12,438 33,059 Net movement in funds. induded in the alThe are as follows.. Incomin8 resources Resources expended Movement in funds Unre5trlcted funds General Fund 38.930 28,665 10,265 TOTAL FUNDS 38,930 28,665 10,265 7 RELATED PARTY DISCLOSURES There were no related party transattions for the year ended 30th June 2023. li
WATFORD LIONS CLUB ao DEfAILED STATEMENT OF Fif4ANCIALACTivfTIE5 FOR ThE YEAR ENDED 30Th JUNE 2023 2023 2022 INCOME AND ENOOWMENrs Donatlons Cassiobury Fireworks Abbots Langley Carnival Abbots Langley Fireworks Lions Bookshop Santa Sleigh The Blg Jubilee Lunch raffle & 8rants Other donations Other Membership dues Total Incomlnl rerr¢S 3.535 5,934 7,793 4,456 1,831 6,645 17,737 8.711 5,303 2J)11 2,270 1.450 38,930 1,280 33,082 EXPENDITURE Rais1r Donatlons Abbots Lan8ley Carnival Abbots Langley Flreworks Garage Rent Other DSstrfct Dues and admin expenses 9.154 3,910 322 3,282 4.085 1,300 1.907 16,293 1,820 10,487 CHARrrABLE DONAnoNS Kld5 Cancer charlty Stroke Assotiation Prostate cancer LCI and Olstrict donatlons Needy families In Warford New Hope Rough sleepin8 Veterans Bus costs Suicide Prevention Blood runners Virta for partially 518hted children Stouts group Mind Senior Citizen Trfps Flsh & Chlps for Elderly Other donations under £5fXI Totsl resources expended Net IExpenditur•)/ income I,oc 500 3,496 2,SChJ 1,000 1.2(K 500 500 S80 1,257 1,820 20.644 12,438 1.276 28,665 10.265 12