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
Re￿rt ofthe Tn￿te
Independent Examiner's Report
Statement of Financial A¢tivitiey
Balance Sheet
Notes to the Fioalcial Statements
Dctailcd Ststrmcttt of Financial Activities
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LOWESToFf LIONS CLUB
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REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
The tnIst￿9 WI￿ OT¢ also direc￿ of t￿ ¢h2riiy the pry¢s of the Companies Act 2(Th, PT&wbi ikir rewNt with
the F￿anCIal statemellts of the charily for the year ￿(￿d 30 June 2024. Tr trustecs have adoptrd the provisions of
Acc4)unting and Ret￿rtIng by Chariti&s'. Statcment of RLy4)mM￿dcd 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 Cornme￿ced 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. VA￿th￿ 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 I￿al 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. mern￿s. 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 sup1￿1n8 b￿cri¢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 a￿1
dLxlining income th￿CbY cnsuring funds arc availablc for welfarc n¢x4Js. TrdnsfcTS betw￿￿ accounts arc madc as
dlvncd DC￿Ssary by thc and officcrs to n]aintaiD aPPTopriatc balaDCCS to undcTthkc thc work olthc charity.
The tnJsle¢s ¢onsidtt that the Club Ten￿1￿$ in a strong finwKial w81ti￿ with SUIT￿l¢￿t casb ba]an¢es to ¢nabl¢ work
within thc conllnunily lo C(￿lInue salisfacknrily.
Volunteers
The inLStees would like lo express their g[￿l￿de 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 d￿UMent
Th¢ thariiy is ¢ontyolled by its governing doCum￿l a dthl of trusL atkl constilutes a limited ￿Mpatty. limi1￿ by
guardllteq Lg dcfjned by thc Companio4 Aci 21MI6.
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LOWESToFf LIONS CLUB
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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 mCmE￿ship 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 m￿ting would bc callcd. Thcrc is a minimum Tcquircnxnt of
th[￿ trustccs. A trustcc lljay raDaiD in unlil thcy cithu I￿v¢ th¢ Club or r¢si8D th¢ trustrcship.
The board of DirtttrK8 is made up ofthe six $￿cIfiC directors and the pasi tbTee ryesid￿ts.
offi￿ HoldcTS arc clcctcd annually but dir￿tOTs nOTm￿lY SCTVC a two ycar tLTm in offic4.
Th¢ trustca and dirccloTS arc clccicd bas￿ on thcir knowlcdg¢ of th¢ charity and thcir abilily lo pcrf(Km thc rol¢. Th
also r￿CIv¢ approprial¢ ongoing tyailliD
organi￿tiOnal struc¢urc
Mattets for the attcnlion of the charity are cbamielled from the membership up to the Board and TnLStees. Decisions om
any sucb mallers arising will then be pa￿ed down for vole ifTequired.
Thc Fmyard mLYt as outliDLxI above to dirn the stratcgic plaDDing and orK[￿li￿al nLY41s of thc clwity. D￿lSIonS arc
tsken by rKourse to majority vote. All matteT5 of a significant fina￿la1 natUTe are then plawj bef￿e the rnembeTship
for appKoval by vot¢.
Whilst the club is nm under a board of dircctoTs, all majoT dccisions and financial Cxpcnditu￿ aTe dcmimticalty votcd
UKN)D by 411 M¢miKrs ai rthi Club M¢¢iitigs. Club M¢¢iings ¢￿1]nut ￿ b¢ held oll lh¢ Isl and 3rd Tu¢sday of each
REFERENCE AND ADMINtSTRATIVE DETAILS
Registered CompaDy Dumber
CE022564 (England and Wales)
Registered Chaiity number
1191M47
Rwstered office
13 Beachman's CouTi
wil￿)n Road
Lowcstoft
Suffolk
NR33 OHZ
Trustees
J K Swation (Tcsigned 18.7.23)
RBSmith
T H Waters (rcsigncd 18.7.23)
E K MOOTC (apw)intcd 18.7.23)
M L Cwk (appoinicd 1.7.23)
DLJWard
DKFisk
T Haworth
Independent £￿mIller
JulLY Tooke
Lothing House
Quay Vicw Bu5incss PaTk
Barnards Way
tmlcstoft
SulTo]k
NR32 2HD
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REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
Approv￿ by ordcr ofthc board ortsust￿5 on 13 Swkmbrr 2024 and 5igllcd OD its b¢haifby:
M L Cook. Th￿tre
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
LOWESTowf LIONS CLUB
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Independent examiner's report kn the trngtees Or￿￿$t0ft Liom Club (CIO) ('the Company.)
I rcwrt to thc chaTity trustCC5 on my cXaMinati￿ ofthc aCcI￿nts 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 a￿o￿llts in accordanc¢ with th¢ r¢quircm¢nts of th¢ Companics Act 2￿6 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 Ca￿led
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{x￿￿￿on with thc
amitiaiion givitig m¢ caus¢ ￿ kli¢v¢.'
accounting TCCA)rds were not kept in rcsp￿t 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 st￿uld
be drawTr in this Teport in OTdeT to enable a propeT unde￿￿ndIng ofthe accounts ts) be reached.
Jth TIK)k¢
tKJlhing Hows¢
(by View Business Pa
Barnard8 Way
Lowcstoft
Suifo]k
NR32 2HD
13 Septembu 2024
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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 Slath￿ts
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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 2￿6 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 ￿d￿l
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 aC￿u￿ting 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]na￿cial slatem￿ts have be￿ tY¢paTed in accordallc¢ wilh th¢ provisions app]i￿ble lo clwitabk compani¢8
sllbject to the srnAII companies Tegin)c.
Thc financial statcmrnts approval by thc BoaTd of TI￿tecS and authoTiscd for is￿ on 13 Scpternkn 2024 a￿1
wcr¢ signLxI on its bchalf by..
M L C(M)k. Tn￿tc¢
Thc notes forni part of th¢s¢ finatKial Slath￿ts
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NOTES TO THE FtNANCIAL STATEME]Yrs
FOR THE YEAR ENDED 30 JUNE 2024
ACCOUNTING POLICIES
Bayi5 of preparing the fi￿ancIal 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¥oll￿r￿d¢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 Re￿￿108 Stsndard applicable in the UK and Republic of
Ireland. and the Companics Act 2(￿. Thc financi￿ statcrn￿ts havc rffcpaT(aJ undeT thc bistOTical cost
conventiL￿.
Income
All income is Tec4viis￿l in the Sts*meDi of FinaTKial Activiti￿ once the clwity h&5 ￿tilleMent to the fuDd%. it
is probable that ihc incomc will bc T￿C7ved and thc a￿¢)Unt cthn bc rncas￿ rcliably.
Eipenditsre
Liabililics arc rc￿E￿i5¢d as CXFKDditurc a5 as thLTC is a Icgal or GoD5trurtivc obligation comnllttiDE thc
Cbariiy to that eX￿ndit￿¢. 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 ￿mjiti￿S 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)r￿lation on its charitable aclivities.
Fund gccounting
UDTcstrictsd funds can be ￿ed in &CCA)rdu￿e ￿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¢ Sp￿lFi¢d by th¢ donoT w wh¢n fwids arc rniscd r(￿ particulaT rcstricicd PUTP)SCS.
F￿th￿ ¢xplat)aiion ofthe nature and putw6e ofeath Cund is included in the no*s ts the fJnan¢ial slal¢mu)ts.
OTHER TRADING AcrivrriES
Fwthising evcllts
27,747
Drposit aCC￿nI intCTC5t
792
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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 tr￿tees. 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
exrKlld￿l ID Iwids
UDrestrictcd fundy
33.081
(32.651)
430
33.081
(32.651)
430
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NOTES TO THE FINANCtAL STATEMENfs- continued
FOR THE YEAR ENDED 30 JUNE 2024
RELATED PARTY DISCLOSURES
Thcrc wcrc no rcIa￿d party transactions for thc ycar 30 Junc 2024.
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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
Inv￿lment 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 Benef￿larIeS
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
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