THE LIONS CLUB OF WOODLEY & EARLEY {CIO) A Member of the International Association of Lions Clubs TRUSTEES'ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Charity Number 1191552 (PrevSously 1111271}
THE LIONS CLUB OFWOODLEY& EARLEY Trustees, Annual Report and unaudited financial statements for the year etKled 31 December 2024 Table of Contents REPORTOF THE TRusfEES............................................ Legal and administrntive detsils.................................................................................... Reviewdthe pa5tyear............................................................................. Indendent Examinerfs POrt to the Trustees of the Lions Club of Woo(Mey& Earley.. 5 Notestothe flnandal ststenEnts................................. ...
THE LIONS CLUB OF WOODLEY & EARLEY Trustees, Annual Report and unaudited financial statements for the year ended 31 December 2024 REPORT OF THE TRUSTEES The Trustee5 presenttheir reportalong with the financial statements of the Club for the year ended 31 December 2024. The financial statements have been prepared in accordance with thedocument"Chartyreportingandaccounting=theessentialsNovember2016" provided by The Charity Commission for England and Wales Legal and administrative detsils The Club wa5 established undera Charter in 1980. Itls a Communty rntere5torganisatic aKI registered charity, number 1191552 (previously registered as 11112711. Trustees The Trustees who seNed during the year were: Glenda Kennedy Mike Kennedy {Presidentl John Giacomet Alan Jutson Paul Norman Michael Tarling Stella Taylor John Bennison Bankers: National Westminster Bank Cambridge & Counties Bank Independent Examiner: Kennith Oakley Ststements of Trustees, Responsibilities Laws applicable to charitie5 in EngFand and Wales require the Trustees to prepare f inancial statements for each financial year. The financial report is produced using receipts and payments accounts to provide a record of the Charity'sf inancial activities during the yearand of its position at the end of the year. In preparingthose f inancial statements.the Trustees required to: select suitable accounting polities and appty them conSistent- make judgements and estimates that are reasonable and prudent: prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation The Trustees are responsible for keeping proper accounting records which disclose with reasonable accurnLy at any time the financial position of the charity which enable them to ensure that the financial statements comply with the Charities Act 2011. They are a150 responsible for safeguarding the assetsof the charity and hence for taking reasonable steps for the prevention and detettion of fraud and other irregularÉties.
THE LIONS CLUB OF WOODLEY & EARLEY Trustees, Annual Report and unaudited financial statements for the year ended 31 December 2024 Review of the past year Since being granted its Charter in 198LSthe tions Club of Woodley & Earley has continued to support the needy, both within our community and globally under the umbrella of Lions Clubs International. n 2024 we donated in the region of £2L(YX) mainly to local cause5 but with some also being sent to Lions International Disaster Funds. Our donations extreded our income by some £S,(XK) allowing us to put some of our resee$ to good use. In addition, we incurred expenses of approximately £5,5[ in relation to charity activities resulting in a reduction of £10,5QX) in our charity funds. Our largest fundraising event in 2024 was Santa's Sleigh, reIVing donations of £7,689. A great event where we take Santa and his Sleigh around the local streets ot Woodley & Earley as well as to local supermarkets and garden centres. Unfortunately. the collections were lowerthan the previous year due to the weather in the lead up to Christma5 which resulted in us having to cancel some of the events that we would normally run. The weather also led to the cancellation of the Carol cOnrt and turning on of the Christmas Lights in Woodley Town Centre. This traditionally is anothergood f und-raising opportunity that we missed this year. In total we had 8 f und raising events in 2024; Skittle5, 2 Quiz Nights, Woodley Carnrval, Winnersh Fete, Sponsored Walk, Santa's Sleigh and the Tree of Light. In addition to our fund-raising events. we also hold an Annual Charter Night which celebrates the anniversary of the formation of Woodley & Earley Lions and allow5 the members of the club to celebrate the achievements during the year. This year we had 64 attendees. Our Charter includes the provision of a Monthly Business Meetin& a monthly meeting of the Fund-raising Committee and a monthty meetingofthe Communityservices Committee. Duringtheyearwe have increased our membershipfrom 15 membersto 18 members plus 2 honorary members. The financial year forthe Woodley & Earley Lion5 Club has traditional run from 15tJanu3ry through to 31st December. This is out of sync with the "Lionistid, year that is set by Lions Clubs International and observed by the other Clubs in our zone. We will. in 2025, be adjusting ourfinancial year to run f rom I" July through until 30th June. In order to facilitate this we will Submit a set of accounts later in 2025 that run for the 6-month period from I" Januaryto 3(Y June afterwhith we will revertto 12 monthly reporting. Mike Kennedy President
THE LIONS CLUB OF WOODLEY & EARLEY Trustees, Annual Report and unaudited financial statements for the year ended 31 December 2024 Independent Examinerfs Report to the Trustees of the Lions Club of Woodley & Earley I reporton theaccount5 ofthe club fortheyearended 31 DeMber2O24, which are set out on pages 6t0 9. Respertive Responsibilities of the Trustees and Independent Examiner. As described on page 3, the Trustees are responsible *or the preparation of the accounts, and considerthat the audit requirement of 5144 of the Charities Art 2011 (the Artl does not apply. It is my responsibility to state. on the basis of produreS Specified in the General Directions given by the Charity Commissioners under $14515llbl of the Art. whether particular matters have come to my attention. Basis of Independent Examinefs Report My examination was carried out in accordan with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept bv the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanatÉons from you of anysuch matters. The prOdureS undertaken do not provide all the evidence thatwould be required in an audit and, consequentty, I do not express an audit opinion on the view given by the accounts. Independent Examinerfs Statement In connettion with myexamination, no matter has come to my attention.. l. which gives me reasonable cause to believe that. in any material respect, the requirements: to keep accounting records in accordance with s130 of the Att; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Kennith Oa YCTA 15 Erleigh Road Reading RG15LR
THE LIONS CLUB OF WOODLEY & EARLEY Trustees, Annual Report and unaudited financial statements for the year ended 31 December 2024 Statement of financial activities Year ended 31 December 2023 General Funds Charity Funds Total 2024 Total 2023 Incom• Subscriptions from membership Incon* from charitable activities (note 21 Bank and buildng society interest 1.190 4.377 1,190 20.756 945 16,379 23,745 Total 5.567 16.379 21.946 £ 24.690 Expetxliture Expenditure on charitable actlvities (note 31 Donètions granted Subscription to Lions Club International Administrative costs 4,076 5.651 9.727 10,463 21285 21285 1,759 12.915 1,138 1,759 411 Totsl s35 26,936 32.771 24.927 EX$5 expenditurè over Income 12681 110.5571 IIOA25) 12371 Reconaliatirm of funds Balances brought forward 1,069 60,966 62,033 £ 62,28S Balan$ carried forward 801 50N09 51209 £ 62,048 The attached notes forni part of these accounts
THE LIONS CLUB OF WOODLEY & EARLEY Trustees, Annual Report and unaudited financial statements for the year ended 31 December 2024 Balance Sheet At 31 December 2024 2024 2023 Currènt Asset5 Bonk occounts General curret)t account 801 l.Q69 Charity account Charity Interest Account Reserve account 32N08 18mO 13 £ 60,966 13 Total assets 51,222 £ 62,048 Funds General fund 801 1.024 Charity fund 50A21 £ 61,024 51222 62.048 The Trustee5 have taken advantage of the provisi)ns of The Charitie5 Att 2011, which allow exemption from audit on charities under a rtain level of income. Approved by the Trustees oa7.3 2Sand signed on their behalf by'.- Mike Kennedy President The attached notes form part of these accounts
THE LIONS CLUB OF WOODLEY & EARLEY Twstees, Annual Report and unaudited financial statements for the year ended 31 December 2024 Notes to the financial statements Accounting policies Basis of accounting The financial statements have beenprepared underthe historical costconventi)n a5 modif led by the inclusion of investments at market value and in accordan with the Charitie5 SORP IFRSSEI entitled"Accounting and Reporting by Charittes: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reportingstandard *orSmaller Enttties. effertive January 2015. The financial report is produced using receipts and payments accounts to provide a record of the Charitvs financial artivities during the year and of its position at the end of the year. Charitsble activitie5 Charitable activities comprise grants payable and related administration and managementcosts.Grantsare recognised oncetheyhave been approved bythe trustees and the payment made to the recipient. Income from charitable activities 2024 2023 General Charity Total Totsl Charter Dinner 3,705 3,705 3,645 15 Firework display Christmas sleigh collection Tree of Light Quii 1.000 7.689 939 1.000 7.689 9,509 912 939 1.532 1.532 Skittles 1.728 1.728 410 Donations 410 1,976 2,422 Other events 415 1.081 IA95 Gift aid 2.000 2.000 258 3.632 229 Raffles, flnes and sundry 258 4377 16379 20,756 £ 23,745
THE LIONS CLUB OF WOODLEY & EARLEY Trustees, Annual Report and unaudited financial statements for the year ended 31 December 2024 Notes to the ftnanclal statements- continued Expenditure on charitable activities 2024 2023 General Charity Total Totsl Donations granted Charter Dinner 21285 21285 3.517 I93 £ 12.915 3.168 317 Christmas Sleigh expenses Skittles 1,693 1.109 842 Quiz Nights Tree of Light Other event expenses Shed and Garage expenses Sundries 998 998 107 107 261 543 803 3.455 1.028 I28 738 924 298 440 1,807 4,076 26,936 31.012 23,378