**REGISTERED CHAIRTY NUMBER: 1187589**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 FOR WATFORD LIONS CLUB CIO**
1
## **WATFORD LIONS CLUB CIO**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025**
||Page||
|---|---|---|
|Report of the Trustees|3|to 5|
|Independent Examiner's report||6|
|Statement of Financial Activities||7|
|Statement of Financial Position||8|
|Notes to the Financial Statements|9 to 11||
|Detailed Statement of Financial Activities||12|
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## **WATFORD LIONS CLUB CIO**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2025**
The trustees present their report with the financial statement of the charity for the year ended 30th June 2025. The trustees have adopted the provisions of Acccounting 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).
## **OBJECTIVE AND ACTIVITIES**
## **Objectives and aims**
The objects state that the trustees shall hold the Trust Fund and its income upon trust to apply for any purpose which is charitable according to the Law of England and Wales whether for the benefit of any individual or group of people or for the benefit of any other organisation established for charitable purposes, provided 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 considered the Charity Commission's guidance on Public Benefit. The work of the charity gives rise to public benefit by supporting other registered charities with donations and grants.
## **Volunteers**
The charity required approximately 4500 hours of volunteer's efforts in the year to carry out its work.
It is difficult to attribute an economic value to this contributions that the volunteers make of their time but is crucial to the functioning of the charity. The trustees ensure that the best value is derived from the effort of the volunteers.
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## **WATFORD LIONS CLUB CIO**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2025**
## **ACHIVEMENT AND PERFORMANCE**
## Charitable activities
During the year, the Watford Lions Club CIO continued its regular fundraising activities .
The Club organised , Abbots Langley Fireworks & Cassiobury fireworks, Abbots Langley Carnival and Santa Sleigh. The Club also provides volunteers for The Lions Bookshop in Hemel Hempstead.
We acknowledge Abbots Langley Parish Council's grant of £4,000 and £5,000 grant from Warner Bros Studios, for the Carnival and Fireworks in Abbots Langley
The Club continued to provide support to many sectors of communities both locally and abroad from the funds raised by the Club, organisations 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 disasters. Donations made in the year are shown in the accounts. It is anticipated 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 because they support registered charities by donations and grants.
## **FINANCIAL REVIEW Reserves 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, (earmarked), 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 projects and events it is the policy of the charity to maintain some unrestricted reserves 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 necessary.
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## **WATFORD LIONS CLUB CIO**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
Watford Lions Club CIO was registered a charity no. 1187589 on 27th January 2020 and incorporated on 17th July 2020, taking over the trust fund adminstrated and managed by the trustees under the name of Watford Charitable Trust Fund Registered Charity number 1006723.
The Club was established as a Charitable Incorporated Organisation (CIO) effective on 17th July 2020 (Registered Charity No.1187589)
The body of trustees consists of upto six persons.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1187589**
## **Principal address**
c/o Flat 25, Rockwell Court, The Gateway, Watford, WD18 7HQ
President Mr Prakash Panchal Secretary Mrs Gita Mistry Treasurer Mr Mehul Popat Trustees Mr Suresh Gajjar Mr John Wyatt (Resigned 30 June 2025) Mr Prakash Panchal Mr Gulab Mistry Mr Mehul Popat (Appointed 6th November 2024) Mr Robin Powell (Appointed 2nd July 2025)
Independent examiner Mr Vinod Valand (FCCA) Avin Accountants, Accountants 78 Queens Road Watford WD17 2LA
Approved by order of the board of trustees on 6 th August 2025 and signed on its behalf by:
Mr Suresh Gajjar Trustee
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## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WATFORD LIONS 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 ( the Club) for the year ended 30th June 2025.
## **Responsibilities and basis 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 Act 2011 ('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 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:
- 1 accounting records were not kept in respect of the Clubs required by section 130 of the Act; or
- 2 the accounts do not accord with those records; or
- 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 the independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understandiing of the accounts to be reached.
Independent Examiner Mr Vinod Valand (FCCA) Avin Accountants, Accountants 78 Queens Road Watford WD17 2LA
6th August 2025
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## **WATFORD LIONS CLUB CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 30TH JUNE 2025**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations
Members Dues
**TOTAL**
**EXPENDITURE ON**
Raising donations and charitable donations
District dues and admin expenss
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**2025**
Unrestricted
fund
34,952
1,674
36,626
29,161
1,809
5,656
49,911
55,567|2024
Unrestricted
fund
34,534
1,370
35,904
28,027
1,790
6,087
43,824
49,911|
|---|---|---|
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## **WATFORD LIONS CLUB CIO**
## **STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30TH JUNE 2025**
|**2025**
**Unrestricted**
**fund**
Notes
**CURRENT ASSETS**
Other debtors
4
**740**
Cash at bank
**58,827**
**59,567**
OTHER CREDITORS
Amounts falling due within one year
5
**4,500**
NET CURRENT ASSETS
**55,067**
NET ASSETS
**55,067**
FUNDS
Unrestricted funds
6
**55,067**
TOTAL FUNDS
**55,067**|2024
Unrestricted
fund
-
52,911
52,911
3,500
49,411
49,411
49,411
49,411|
|---|---|
The financial statements were approved by the Board of Trustees on 6th August 2025 and were signed on its behalf by
Mr Prakash Panchal President
Mr Mehul Popat Treasurer
The notes form part of these financial statements
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## **WATFORD LIONS CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025**
## 1 **ACCOUNTING POLICIES**
## **First time adoption**
The financial statements of the charity, which is a public benefit entity under FRS102, 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 Standand applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Donations and legacies**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation 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 obligation can be measured reliably. Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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## **WATFORD LIONS CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025**
## 2 **TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30th June 2025 nor for the year ended 30th June 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30th June 2025 nor the year ended 30th June 2024.
|3 **STAFF COSTS**
The average monthly number of employees during the
year was as follows:
No employees received emoluments in excess of £60,000
4 **DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors- Prepayment
5 **CREDITORS : AMOUNTS FALLING DUE WITHIN ONE YEAR**
Fireworks sponsorship prepayment|**2025**
0
2025
£
740
2025
£
4,500|2024
0
2024
£
0
2024
£
3,500|
|---|---|---|
10
## **WATFORD LIONS CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025**
|6 **MOVEMENTS IN FUNDS**
At 1/7/24
£
**Unrestricted funds**
General Fund
_49,411_
**TOTAL FUNDS**
49,411
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General Fund
_36,626_
**TOTAL FUNDS**
36,626
**Comparative for movement in funds**
At 1/7/23
£
**Unrestricted funds**
General Fund
43,324
**TOTAL FUNDS**
43,324
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General Fund
35,904
**TOTAL FUNDS**
35,904|Net
movement
in funds
**At 30/6/25**
£
**£**
_-5,656_
**55,067**
-5,656
**55,067**
Resources
**Movement**
expended
**in funds**
£
**£**
_30,970_
**5,656**
30,970
**5,656**
**Net movement**
in funds
At 30/6/24
£
£
6,087
49,411
6,087
49,411
Resources
Movement
expended
in funds
£
£
29,817
6,087
29,817
6,087|
|---|---|
## 7 **RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30th June 2025.
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## **WATFORD LIONS CLUB CIO**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2025**
|**INCOME AND ENDOWMENTS**
**Donations**
Cassiobury Fireworks
Abbots Langley Carnival
Abbots Langley Fireworks
Lions Bookshop
Santa Sleigh
Other donations
Membership dues
**Total incoming resources**
**EXPENDITURE**
**Raising Donations**
Abbots Langley Carnival
Abbots Langley Fireworks
Garage Rent
District Dues and admin expenses
**CHARITABLE DONATIONS**
Watford Social Centre
Watford Workshop (sheltered)
Jaffna Eyecamp
LCI and District donations
Needy families in Watford
New Hope Rough sleeping
Veterans support
Blood runners
Drum
Watford Disability
Brain Tumor
Victa for partially sighted children
Scouts groups - various
Mind
Careco
Watford Rotary
Fish & Chips for Elderly
Other donations under £500
**Total resources expended**
**Net (Expenditure)/ income**|**2025**
**£**
**3,203**
**13,987**
**9,723**
**5,829**
**1,767**
**443**
**1,674**
**36,626**
**5,511**
**5,383**
**1,565**
**1,809**
**14,268**
**0**
**1,500**
**0**
**3,150**
**2,000**
**2,000**
**350**
**750**
**1,000**
**500**
**500**
**0**
**1,370**
**200**
**450**
**500**
**1,062**
**1,370**
**30,970**
**5,656**|2024
£
2,946
12,947
8,401
5,823
2,175
2,242
1,370
35,904
4,899
4,414
1,409
1,790
12,512
1,000
1,000
3,000
3,100
2,000
2,000
500
500
0
0
0
500
1,398
0
557
658
1,092
29,817
6,087|
|---|---|---|
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