REGISTERED COMPANY NUMBER: CE022564 (EnE]and and Wajes) REGISTERED CHAIUTY NUMBER: 1191M47 REPORT OF THE TRUSTEES AND UIYAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 FOR LOWESTOFf LIONS CLUB cio JUILT Tooke Lothing Ho Quay Vicw Busin¢ss PaTk Barnards Way Lowestoft Sutro]k NR32 2HD
LOWESToFf LIONS CLUB cio CONTENTS OF THE FINANCIAL STATEMENT FOR THE YEAR ENDED 30 JUNE 2024 Page Rert ofthe Tnte Independent Examiner's Report Statement of Financial A¢tivitiey Balance Sheet Notes to the Fioalcial Statements Dctailcd Ststrmcttt of Financial Activities 10
LOWESToFf LIONS CLUB cio REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 The tnIst9 WI OT¢ also direc of t ¢h2riiy the pry¢s of the Companies Act 2(Th, PT&wbi ikir rewNt with the FanCIal statemellts of the charily for the year (d 30 June 2024. Tr trustecs have adoptrd the provisions of Acc4)unting and RetrtIng by Chariti&s'. Statcment of RLy4)mMdcd Practicc applicablc to charitics prcpaTing thcir accounts in ac¢i)Tdance with the Financial Rcwrting StandaTd applicablc in thc UK and Rcpublic of Ircland (FRS 102) (cffcctivc l January 2019). INCORPOIL4TION The Gharitable company 17 July 2020 and Cornmeced trading on the same date. OBJEcfivEs AND AcfiviTIES Objective5 and activities Thc objeciives of thc charity are the continued a&sisiance of those members of tbe community. VAth individuals or gr4)ups. who arc considcTcd to bc ID D(xd or 1allY dcpn"Ycd. The tnL8tees, officus and directors have taken due rewd th the guidance publisbed by the charities Commi8SiOll O public benefil. It is considered that a public benefil is PTovi&d by providin8 relief of poverty in the Ial are4 national and Ove aid ts)waTds famine reliel children, the elderly and individuals with disabilities. By the way of grdDts io hclp thcm bcttCT thcir livcs and a]so ts) PTovidc bwnan fCSOUTCCS assistaDCe. AClttEVEMENT AND PERFORMANCE Achievements and performance The bulk of the money rais goes back the commuDily thTougb local OTgaDisations and Tequests from individuals cA)Yering all ages. As usual those with various disabilities have Teceived particular alicntion. merns. all of wlM)rn arc YoluDIccT5 and sUPPOrtcd by wivcs. pul ID many bours ol unpaid WOTk cDablc ibc aillL5 of Lions io contiDUC to bc Fundraijing athitics Th¢ accounts foT th¢ y¢u ¢ndcd 30th Junc 2023 show gtoss of £31.316 fm out vatiows fund raisiDlI ¢vwIts. The Club have E*en able tr) colllinue with mally activities whicb bad been curfailed by the COVID pond¢mi¢ al th¢ Club Dow IoDks tr) Tcstorc funds to norn)al Icvcls whilsl still sup11n8 bcri¢larIo$ in the normal ways. Costs Telating to thesc fimds and administCTing thc chaTity amounted to £16.776 leaving a sulp1 of £14.540 bcforc chaTitablc distributions. DuTing thc ycaT £14.110 was distributcd to thc various fiCiar1cs. FINANCIAL REVIEW Reserves policy It is thc InLsI(u' policy lo maintain adcquate r&4erves to CA)ver fundraising c4)sts in the event of rthr luThM)ut a1 dLxlining income thCbY cnsuring funds arc availablc for welfarc n¢x4Js. TrdnsfcTS betw accounts arc madc as dlvncd DCSsary by thc and officcrs to n]aintaiD aPPTopriatc balaDCCS to undcTthkc thc work olthc charity. The tnJsle¢s ¢onsidtt that the Club Ten1$ in a strong finwKial w81ti with SUITl¢t casb ba]an¢es to ¢nabl¢ work within thc conllnunily lo C(lInue salisfacknrily. Volunteers The inLStees would like lo express their g[lde to all members whose erroTts in fundraising. adminisiTatiOD distribution cnablc thc Charity io CODtiDue its good w(KL it WLMlld be diifKult to continue at the cutrelli level of iDC4)D without thc assistancc of this unpaid nctWOTk of supp¥)rt. STRucfuRE, GOVERNANCE AND MANAGEMENT GoverninR dUMent Th¢ thariiy is ¢ontyolled by its governing doCuml a dthl of trusL atkl constilutes a limited Mpatty. limi1 by guardllteq Lg dcfjned by thc Companio4 Aci 21MI6. Page I
LOWESToFf LIONS CLUB cio REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT RLYruithient and appointhient ofnew trusteL* TTuslccs arc nominatcd by thc mCmEship and clcctal by vote at thc Annua] Gencral M(]ng unlcss a sudden vacancy nlxds to bc fillcd in wbith casc an Extra(.ary GcncTal mting would bc callcd. Thcrc is a minimum Tcquircnxnt of th[ trustccs. A trustcc lljay raDaiD in unlil thcy cithu Iv¢ th¢ Club or r¢si8D th¢ trustrcship. The board of DirtttrK8 is made up ofthe six $cIfiC directors and the pasi tbTee ryesidts. offi HoldcTS arc clcctcd annually but dirtOTs nOTmlY SCTVC a two ycar tLTm in offic4. Th¢ trustca and dirccloTS arc clccicd bas on thcir knowlcdg¢ of th¢ charity and thcir abilily lo pcrf(Km thc rol¢. Th also rCIv¢ approprial¢ ongoing tyailliD organitiOnal struc¢urc Mattets for the attcnlion of the charity are cbamielled from the membership up to the Board and TnLStees. Decisions om any sucb mallers arising will then be paed down for vole ifTequired. Thc Fmyard mLYt as outliDLxI above to dirn the stratcgic plaDDing and orK[lial nLY41s of thc clwity. DlSIonS arc tsken by rKourse to majority vote. All matteT5 of a significant finala1 natUTe are then plawj befe the rnembeTship for appKoval by vot¢. Whilst the club is nm under a board of dircctoTs, all majoT dccisions and financial Cxpcnditu aTe dcmimticalty votcd UKN)D by 411 M¢miKrs ai rthi Club M¢¢iitigs. Club M¢¢iings ¢1]nut b¢ held oll lh¢ Isl and 3rd Tu¢sday of each REFERENCE AND ADMINtSTRATIVE DETAILS Registered CompaDy Dumber CE022564 (England and Wales) Registered Chaiity number 1191M47 Rwstered office 13 Beachman's CouTi wil)n Road Lowcstoft Suffolk NR33 OHZ Trustees J K Swation (Tcsigned 18.7.23) RBSmith T H Waters (rcsigncd 18.7.23) E K MOOTC (apw)intcd 18.7.23) M L Cwk (appoinicd 1.7.23) DLJWard DKFisk T Haworth Independent £mIller JulLY Tooke Lothing House Quay Vicw Bu5incss PaTk Barnards Way tmlcstoft SulTo]k NR32 2HD Page 2
LOWESToFf LIONS CLUB cio REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 Approv by ordcr ofthc board ortsust5 on 13 Swkmbrr 2024 and 5igllcd OD its b¢haifby: M L Cook. Thtre Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LOWESTowf LIONS CLUB cio Independent examiner's report kn the trngtees Or$t0ft Liom Club (CIO) ('the Company.) I rcwrt to thc chaTity trustCC5 on my cXaMinati ofthc aCcInts of thc Company f( thc ycar cndcd 30 Junc 2024. Responyibilities and basis of report As thc cl]arity'S trus of thc C¢)rnpany (and also its diTCCtOTS for thc pwposcs of company law) you arc rLwnsiblc for thc prcparntion of thc aollts in accordanc¢ with th¢ r¢quircm¢nts of th¢ Companics Act 26 Cth¢ 2(M16 Act). Having satisfied myself thai ihe accounts of the Company aTe nol TequiTed be auditsd under Part 16 of the 2006 Act and are eligible for independent exatniDailo l TerKJrt ID rwect ofmy examination of yow cknity's accounts as Caled out UDdcr ScctioD 145 of thc ChaTitiC5 Act 2011 ('thc 2011 Act?. In caThying out my cxaminalion I havc followLxI thc DirKtions given by the ChaTity Comlnission un(kr Se(tion 145(5) (b) of the 2011 Act. Indcpcndcnt cumincr'g ytatcmcnt I havc compldrd my ¢xarninalion. I CQDf]rni DO mattct5 havc cornc lo rny attrntiOD ID c{xon with thc amitiaiion givitig m¢ caus¢ kli¢v¢.' accounting TCCA)rds were not kept in rcspt of the Company &s required by Section 386 of the 2 Act; OT the accounts do nol accord with thosc T(. thc accounts do wt comply with thc accowiting rcquiTcmcnts of S¢thi 396 of thc 2(M16 Act othcT than any rcquircmcDi thai thc aGcouDts givc a truc aDd fair vicw which is not a mattcr a5 part of aD cxatniDation' OT the accowits have not been prepared in accordance with the method5 and principles of the Statement of R¢coTnm¢ndcd Prncticc for a¢ting and wporting by ¢hatitics (applicablc ¢hariti¢s pwaring th¢ir accounts in accordance vlith the Financial Rqffiing Sthndard llpplicable in the UK and Rq)ublic of ]land (FRS 102)). I have Do Conce$ and bave come act0 no other maUeTS ID CODDection with the examination kn wbich aUentiOD stuld be drawTr in this Teport in OTdeT to enable a propeT undendIng ofthe accounts ts) be reached. Jth TIK)k¢ tKJlhing Hows¢ (by View Business Pa Barnard8 Way Lowcstoft Suifo]k NR32 2HD 13 Septembu 2024 Page 4
LOWESToFf LIONS CLUB cio STATEMENf OF FtNANCIAL ACmTfiES FOR THE YEAR ENDED 30 JUNE 2024 U]lTi(1 rulld R¢strirt¢d fwhd Total runds Notes II¥COME AND ENI)OWMENTS FROM Donalioths and legacies 4.542 4.542 Other trading activities IDVCStmcDt incomc 27.747 792 27.747 792 Trtal 33.081 33.081 EXPENDrruRE ON Raising fuDds 3.761 3.761 Charitsblc aetivitil FUNDRAtSING 28.890 28.890 32.651 32.651 NET INCOME 430 430 RECONCILIATION OF FUNDS Total fimds brought foTward 33249 15.860 49,109 TOTAL FUNDS CARRIED FORWARD 33.679 15.860 49.539 Thc notes forni part of th¢s¢ finatKial Slathts Page 5
LOWESToFf LIONS CLUB cio BALANCE SHEET 30 JUNE 2024 U]lT1(t rulld R¢strirt¢d fwhd Total runds Notes CURRENT A&SETS Cash ai bank 34.459 15.860 50.319 CREDITORS Amounts falling th within one ye4r (780) (780) NET CURRENT ETs 33,679 15.860 49,539 TOTAL ASSETS CURRENT LIABJLITtES 33.679 15.860 49,539 NET ASSETS 33.679 15.860 49.539 UnTcstrictcd fimds R¢strithd fwids 33,679 15.860 TOTAL FUNDS 49.539 The chaTitsble company is entitled to exemption from audit under Sedion 477 of the G)mpanies Ad 26 for the year end 30 June 2024. The members have not U]rea the c4ympany to obtain an audit of its fiDaTKial slatements foT the year dl 30 Junc 2024 in accord¢ with SLxtsOn 476 of thc Companics Act 21KI6. The tnLStces acknovlledge their rL¥tM)nsibilities for (a) ensuring thai the cbaritsble company keeps aCuting recorth that comply with sectio 386 and 387 of the Companies Aci 2Th)6 and prqTrarmg fmancial statcmcnts wbich give a true and fair view of the slate ofaifairs of the cbaTitsble company as ai thc end of cach financial ycar and of its sutplths or dcficit each fmancial year in aca)rthce with the TWUiTcmcnts of Scdions 394 and 395 and which othcrwisc comply with the lTern¢ts of the CompaTbiCS Act 21M)6 rclatsng to fithancial statcmcnts. so far as applicablc to thc cbaTithblc company. (b) These r]nacial slatemts have be tY¢paTed in accordallc¢ wilh th¢ provisions app]ible lo clwitabk compani¢8 sllbject to the srnAII companies Tegin)c. Thc financial statcmrnts approval by thc BoaTd of TItecS and authoTiscd for is on 13 Scpternkn 2024 a1 wcr¢ signLxI on its bchalf by.. M L C(M)k. Tntc¢ Thc notes forni part of th¢s¢ finatKial Slathts Page 6
LOWESToFf LIONS CLUB cio NOTES TO THE FtNANCIAL STATEME]Yrs FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNTING POLICIES Bayi5 of preparing the fiancIal Statements Thc financial staicmcnts of ihc charitsblc company, which is a public bcncfit cntity under FRS 102. have bc prcparcd in accordancc with tbc CTharitics SORP (FRS 102) 'Accowiting and RcFthing by CbaTitics: Statcmcnt of RL¥ollrd¢d applicablc kn Chariti prcpaTing thcir acwuDts in acwrdallcc with thc FiEwIGial Rwning Sthndard appli¢abl¢ in the UK and Rwblic of ireland (FRS 102) (¢LTe¢uve l January 2019),. Financial Retthing Standard 102 The Financial Re108 Stsndard applicable in the UK and Republic of Ireland. and the Companics Act 2(. Thc financi statcrnts havc rffcpaT(aJ undeT thc bistOTical cost conventiL. Income All income is Tec4viisl in the StsmeDi of FinaTKial Activiti once the clwity h&5 tilleMent to the fuDd%. it is probable that ihc incomc will bc TC7ved and thc a¢)Unt cthn bc rncas rcliably. Eipenditsre Liabililics arc rcEi5¢d as CXFKDditurc a5 as thLTC is a Icgal or GoD5trurtivc obligation comnllttiDE thc Cbariiy to that eXndit¢. il is probabl¢ that a trathsf¢r of ¢conomi¢ b¢n¢fits wtll be required in settl¢meni arnl the amounl of the obligallon can be me&gured reliably. Expenditu is accoth)frd for on an accnthls b&8is and b&$ br£n cla&sifi(aJ undcr hcadings that aggTcg&tr all cosl rclatcd to the category. WTh(xc costs cannoi bc dircclly atiTibuted to particular hcadings they havc btyn alliKatLxI to activities on a basis CA)nSiStcnt with thc of Grants off¥Thl subject to mjitiS whicb hav¢ beLY ai the year ¢tKI dat¢ ar¢ wl¢d as a con)mitt)Knt ht noi acuued as ¢xp¢nditsff¢. Taxation The charity is exempi from cA)rlation on its charitable aclivities. Fund gccounting UDTcstrictsd funds can be ed in &CCA)rdue 7th the chaTithblc objectivcs the discTetion of the trustees. Rcstrictal fijnds can onty bc WLYJ for particular Tcstrictcd rrtwposcs within objects of thc chaTity. Restrictions aTiS¢ SplFi¢d by th¢ donoT w wh¢n fwids arc rniscd r( particulaT rcstricicd PUTP)SCS. Fth ¢xplat)aiion ofthe nature and putw6e ofeath Cund is included in the nos ts the fJnan¢ial slal¢mu)ts. OTHER TRADING AcrivrriES Fwthising evcllts 27,747 Drposit aCCnI intCTC5t 792 Page 7
LOWESToFf LIONS CLUB cio NOTES TO THE FINANCtAL STATEMENfs- continued FOR THE YEAR ENDED 30 JUNE 2024 Raiiillg donations and Ilyties 360 TRUSTEES, REMUNERATtON AND BENEFITS There were no trILqte. remulleralion IX other bcnefits for the year etth 30 Junc 2024. Trusttts, expenses TheTe weTe no trtees. expe paid the year ended 30 June 2024. PRIOR YEAR ADJUSTMENT All ¢ntyi¢s in Prior Year Adjustsnents refl¢¢l the transfff of balances from the previous Cbariiy's funds upon t cbange to a CIO. CREDITORS: AMOiINTS FALLING DUE wrfHIN ONE YEAR Trade credilors 360 420 780 MOVEMENT IN FUNDS Nel movcn*nt ill fwids At 30.6.24 Ai 1.7.23 UDrestricted fulld5 33.249 430 33.679 Restrieted full( Rcstrict(aJ Fund I 15,860 15,860 49.109 430 49.539 Net movement in fin$. included iti the above are as follows: JncomiDg Resou MovemeDI TesouTces exrKlldl ID Iwids UDrestrictcd fundy 33.081 (32.651) 430 33.081 (32.651) 430 Page 8
LOWESToFf LIONS CLUB cio NOTES TO THE FINANCtAL STATEMENfs- continued FOR THE YEAR ENDED 30 JUNE 2024 RELATED PARTY DISCLOSURES Thcrc wcrc no rcIad party transactions for thc ycar 30 Junc 2024. Page 9
LOWESToFf LIONS CLUB cio DETAtLED STATEMEIYT OF FINANCIAL ACTtvrrtES FOR THE YEAR ENDED 30 JUNE 2024 Donations and le2acies Gift5 IknDations Sub8cripuons 3,741 81N) 4.542 Other trading activities FuDdtaising events 27.747 Invlment income Dcposit acc4Junt intcrcst Total incoming resourc 33.081 EXPENDrruRE Other tradin£ activities AdmiDiStralion costs Lion fwid 701 2.7) 3.401 Cbaritable activities FuDdrdising cxpcnscs Distribut] to BeneflarIeS 14.780 14.110 28,890 Support costs Govcrnancc costs A¢cowitaw awl l¢gal f 360 32.651 Net incorne 430 This pw docs noi fom part of thc financial sthtcmcnts Page 10