REGISTERED CHAIRTY NUMBER: 1187589 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR ENDED JOTH JUNE 2024 FOR WATFORD LIONS CLUB CIO
WATFORD UONS CLUB CIO CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNÉ 2024 Page Report of the Trustees 3toS Independent Examiner's report Statement of Financial Activities ststement ot Flnanclal Positlon Notes to the Finèn¢lal Statements 9toll Detslled Statement of FSnanclal Actlvktles 12
WATFORD UONS CLUB CIO REPORT OF THE TRUSTEES FOR THE YEAft ENDED 30TH JUNE 2024 The trustees present their report with the financial statement of the charity for the year ended 30th June 2024. The trustees have adopted the provisions of Acccounting and Reporting by tharities - Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertive l January 20151. OBJEcnvE AND AcnviTIE5 ObJectl¥es and alm5 The objects state that the trustees shall hold the Trust Fund and its Income upon trust to apply fr)r any purpose whlth Is charltable according to the Law of England and Wales whether for the benefrt of any individual or group of people or for the beneflt of any other organisation establlshed for tharitable purposes, provlded always that the Trustees shall not apply the fund of any part thereof without flrst obtaining the approval of the Watford Llons Club CIO at a Llons Club meeting. The trustees have consldered the Charlty Commlsslon's guidance on Public Benefit. The work of the charfty gives rise to publlc benefit by supportin8 Other re8i5tered charitles wlth donatlons and grants. Volunt•ors The charity required approximateFy 42001)ours of volunteer's efforts in the year to Carry out its work. It is difficult to attribute an economic value to thls contributlons that the volunteers make of their time but is crucial to the functionin8 of the charity. The trustees ensure that the best value is derived from the effort of the volunteers.
WATFORD LIONS CLUB CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30Th JUNE 2024 ACHIVEMENT AND PERFORMANCE Charitable activities During the year, the Watford Lions Club CIO continued its regular fundralslng activities The Club or8anised, Abbots Langley Fireworks & Cassiobury fireworks, Abbots Langley Carnival and Santa Sleigh. The Club also provides volunteers for The Llons 8ookshop in Hemel Hempstead. We acknowledge Abbots Langley Parlsh Council's grant of £2,CIOO and £5,000 grant from Warner Bros Studios. for the Camlval and Fireworks In Abbots Langlev The Club continued to provide support to many sectors of communities both locally and abroad from the funds raised by the Club, organi5ation5 that support the sick, the young and the elderly. Various projects undertaken by Lions Districts and Lions International were supported by the Club to provide assistance during humanitarian disaster5. Donations made in the year are shown in the accounts. It is antScipated that the Club will continue with its fundraising and service activities in the future to enable the Charity to achieve its objectives. We are therefore happy to report that the trustees have considered the Charitiy Commissions's guidance on public benefit. We can confirm that these activities provide a public benefit brfause they support registered charities by donations and grants. FINANCIAL REVIEW Reser¥es policy Funds raised as general donations are utilised to make donations. However where funds are raised for Specific projects or events these are identified separately, learmarkedl, and donated towards the relevant projects or events as required. Reserves at the year end therefore include funds that were raised as general donations that have not yet been used to make donations and funds that have been received but earmarked for use on specific projects or events. Over and above any funds held that have been earmarked for specific projerts and events it is the policy of the charity to maintain some unrestricted reserve5 not Committed or invested in tangible assets. This is in order to ensure that seed funding is available for new projects to be started when neSsary.
WATFORD UONS CLUB CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30Th JUNE 2024 5TRucfuRE. GOVERNANCE AND MANAGEMENT Govemlng document Watford Lions Club CIO was re8lstered a charlty no. 1187589 on 27th January 2020 and incorporated on 17th July 2020, taking over the trust fund admin5trated and mana8ed by by the trustees under the name of Watford Charitable Trust Fund Re815tered Charity number l(KJ6723. The Club was established as a Charitable Incorporated Organisation ICIOI effertive on 17th July 2020 {Registered Charity No.11875891 The body of trustees conslsts of upto six persons. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 1187589 Prlnclpal addr o Flat 25, Rockwell Court, The Gateway. Watford. WD18 7HQ Presldent Mr Prakash Panthal (Appointed 1st July 20241 Mr John Wyatt (Resigned 1st July 20241 Secretary Mrs Glta Mlstry (Appolnted 1st ju 20241 Treasurer Mr Mehul Popat Trustees Mr Suresh GaAJ'ar Mr John Wyatt Mr Prakash Panchal Mr Gulab Mistry Independent examiner Mr Vinod Valand IFCCAI Avin Accountant5. Accountants 78 Queens Road Warford WD17 2LA Approved by order of the board of trustees on 29th August 2024 and slgned on Its behalf bv= Mrsu iiar Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WATFORD UONS CLUB CIO Independent examiner's report to the trustees of Watford Lions Club CIO I report to the charity trustees on my examination of the accounts of Watford Lions Club CIO I the Clubl for the year ended 30th June 2024. Responsibllitles and basls ol 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 Act 20111.the Act.). I report in respect of my examination of the Club's accounts carried out under section 145 of the Act and in carryng out my examination I have followed all appllcable Dlrertlon5 glven by the Charity Commission under section 14515)Ibl of the Act. Independent examlner's rtatement I have completed my examination. I confirni that no materfal matters have come to my attention in connection with the examinatlon giving me cause to believe that In any materlal respe¢t: l accountin8 records were not kept in respect of the aub5 required by section 130 of the Act; or 2 the accounts do not accord with those rewrds: or 3 the accounts do not Comply with the applicable requirements concerning the fom and content of accounts set out in the Charities (Accounts and Reports) Re8ulation$ 2008 other than any requirement that the account5 give a true and fair view which is not a matter Considered as part of the independent examination. I conflrm that there are no other matters to which your attention should be drawn to enable a Proper understandiing of the accounts to be reached. xaminer Mr Vinod Valand IFCCAI An Accountants. Accountants 78 Queens Road Watford WD17 2LA 29th August 2024
WATFORD UONS CLUB CIO STATEMENT OF FINANCIAL AcnviTIES FOR THE YEAR ENDED 30TH JUNE 2024 2024 Unrestrlcted fund 2023 Unrestrkted lund Notes INCOME AND ENDOWMENTS FROM Donations Members Dues 34.534 1,370 35,904 37,480 1,450 38,930 TOTAL EXPENDITURE ON Raising donations and charitable donations Distrlct dues and admin expenss NET INCOMVIEXPENDITURE) 28,027 1,790 6,087 26,7S8 1,907 10,265 RECONCILIATION OF FUNDS Totsl fvnd5 brou8ht forward 43,324 33,059 TOTAL FUNDS CARRIED FORWARD 49NII 43,324
WATFORD UONS CLU8 CIO STATEMENT OF FINANCIAL posmoN FOR TrIE YEAR ENDED 30Th JUNE 2024 2024 Unrestricted fvnd 2023 Unrestrlcted fijnd Notes CURRENT ASSETS Other debtors Cash at bank 52,911 46,324 52,911 46,324 OTHER CREDITORS Amounts falling due withln one year 3,500 3,OCQ NET CURRENT ASSETS 49,411 43,324 NET ASSErs 49,411 43,324 FUNDS Unrestrirted fund5 49,411 43,324 TOTAL FUNDS 49,411 43,324 The flnanclal statements were approved by the Board ofTrustees on 29th August 2024 and were slgned on its behalf by Mr Prakash Panchal President Mr Mehul Popat Treasurer The notes forrn part of these financial statements
WATFORD LIONS CLUB ao NOTES TO THE FINANaAL sfATEMENTS FOR THE YEAR ENDED 30Th JUNE 2024 l AccoupillNG POLICIES First time adoption The financial statements of the charity, which is a public benefit entity under FRSIO2, have been prepared in accordance with the Charities SORP IFRS 102} 'Accounting and Reporting by Charities: Statement of Recommended Practice appllcable to charltles preparing their accounts in accordance with the Financial Reporting Standand applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20151,, Financial Reporting Stsndard 102 'The Financlal Reportlng Standard appllcable in the UK and Republic of Ireland, and the Charities Act 2011. The flnanclal statements have been prepared under the historical cost convention. Income All Income Is recognised in the Statement of Flnanclal ArtEvitles once the charity has entitlement to the funds, it is probable that the Income will be reeeived and the amount can be measured reliably. Donatlons and legacles All incoming resources are included on the Statement of Financial Activities when the charlty is legally entltled to the income and the amount can be quantified with reasonable accuracy. Expendlture Liabillties are recognised as expenditure as soon as there is a legal or constructive obllgation committing the charity to that expenditure, it is probably that a transfer of economic benefits will be required in settlement and the amount of the obligatioft can be measured reliably. Expenditure Is accounted for on an accrual basis and has been classified under heading5 that aggregate all costs related to the category. Where costs cannot be dSrectly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxatlon The chartty is exempt from tax on its charitable attivitie Fund Accountlng Unrestrirted fund5 can be used In accordance with the charitable objectlves at the discretion of the trustees. Restricted funds can only be used for particular restricted purwses within the objert5 of the charity. Restdthons arise when specified by the donor or when funds are raised for particular restritted purposes. Further explanation of the nature and purpose of each fund is included in the note5 to the financial statements.
WATFORD UONS CLUB CIO NOTES TO THE FINANaAL StATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 2 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other beneffts for the year ended 30th June 2024 nor for the year ended 30th June 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 30th June 2024 nor the vear ended 30th June 2023. 2024 2023 3 sfAFF COSTS The average monthly number of employee5 durin8 the vear was as follows.. No employees recelved emoluments In excess of £60.LKM) 4 DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Other debtors 5 CREDrroRS: AMOUNTS FAWNG DUE WIThIN ONE YEAR 2024 2023 Fireworks sponsorship prepayment 3,50) 3,O¢XI io
WATFORD UONS CLUB CIO NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 6 MOVEMENTS IN FUNDS Net movement At 117123 In funds At 3016124 Unrestrlcted fvnds General Fund 43.324 -6,087 49,411 TOTAL FUNDS 43,324 -6,087 49.411 Net movement In funds. Included In the above are as follows- Incoming Resources resources expended Movement In funds Unrestrkted funds General Fund 35,904 29,817 6,087 TOTAL FUNDS 35.904 29,817 6,087 Compavatlve for movement In funds 14et movement At in122 In funds At 3016123 Unrestrlcted fvnds General Fund 33.059 10,265 43,324 TOTAL FUND5 33,059 10,265 43,324 Net movement in funds. included in the above are as follows.. Incoming Resources resources expended Movement In funds UnTestrkted fvnds 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 transartions for the year ended 30th June 2024. li
WATFORD LIONS CLUB CIO DETAILED sfATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons Casslobury Fireworks Abbots Langley Carnival Abbot5 Langley Fireworks Lions Bookshop Santa Sleigh Other donations Other Membership dues Totsl In¢omln8 resources 12,947 8,4Ql 5,823 2.175 1,972 270 1,370 35.904 17.737 8.711 5,303 2,011 2,270 IA50 38,930 EXPENDITURE Ralslng Donatlon5 Abbots Langley Carnival Abbot5 Langley Flreworks Garage Rent Other District Dues and admln expenses 9,154 3,910 1,322 4,414 1,790 12,512 1,907 16,293 CHARITABLE DONATION5 Watford Soclal Centre Watford Workshop Jaffna Eyecamp LCI and District donatlons Needy famllies in Watford New Hope Rough sleeplng Veterans Bus costs St Albans Club Suiclde Prevention Blood runners Virta for partially Sighted children Scouts group Mind Watford Rotsry Fish & Chips for Elderly Other donations under £500 Total resources expended Net {Expendlturell Income 500 3,496 1.500 1,21XI 3,1(Kl 500 1,000 500 1,000 1,400 500 1,398 557 658 1.092 29.817 6,087 1,276 28,665 10.265 12