Charity Registration No . 1194104
FARNHAM LIONS CLUB
A Charitable Incorporated Organisation
TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
FARNHAM LIONS CLUB A Charitable Incorporated Organisation LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | R Brown |
|---|---|
| A Main | |
| G Main (appointed 1 July 2022) | |
| H Lee | |
| M Barry (appointed 1 July 2022) | |
| S Moran-Smith | |
| J Prevost (appointed 1 July 2022) | |
| M Ellis (appointed 1 July 2022) | |
| R Fellows (retired 30 June 2022) | |
| P Quilter (retired 30 June 2022) | |
| A Burke (retired 30 June 2022) | |
| Charity Number | 1194104 |
| Registered Address | 23 Aveley Lane |
| Farnham | |
| GU9 8PR | |
| Independent Examiner | Mr Richard Luff ACCA |
| Branston Adams | |
| Chartered Certified Accountants | |
| Suite 2 | |
| Victoria House | |
| South Street | |
| Farnham | |
| GU9 7QU | |
| Bankers | CAF Bank Limited |
| 23 Kings Hill Avenue | |
| Kings Hill | |
| West Malling | |
| ME19 4JQ |
FARNHAM LIONS CLUB
A Charitable Incorporated Organisation TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 CONTENTS
| Trustees' Report Independent Examiner's Report Statement of Financial Aactivities for the year Balance Sheet Notes to the Financial Statements |
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| 1 - 3 4 5 6 7 - 11 |
FARNHAM LIONS CLUB A Charitable Incorporated Organisation TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2022
History, objectives and activities of the Trust
The Club is a member of the International Association of Lions Clubs, and was established as a Charitable Incorporated Organisation (CIO) on 23 March 2021. It took over the assets, liabilites and activities of the Lions Club of Farnham and of the Lions Club of Farnham Charity Trust on 1 July 2021.
The Club's objectives and activities are general charitable purposes, including helping children, young people and elderly people, people with disabilities, other charities or voluntary bodies and the general public by making grants to individuals and to organisations and by other charitable activities.
Throughout the year, the Trustees have paid regard to the Charity Commission's guidance on public benefit in dealing with the objectives and activities of the Club.
The Club relies on the surpluses made on fundraising events, and on occasional donations from the public, to provide the funds with which to carry out its objectives. All administrative expenses of the Club are met from subscriptions paid by its members. There has been no change in these policies during the year.
The work of the CIO is carried out entirely by volunteers.
From time to time as appropriate, the Club works closely with other local and national agencies, with other Lions Clubs, and with Lions Clubs International to achieve its objectives.
Management and governance arrangements
The Club is governed by its CIO document dated 23 March 2021, and by the Constitutions and By-Laws of Lions Clubs International, as revised from time to time.
The Trustees are appointed from time to time as appropriate by the members of the Club, and have overall responsibility to ensure that the Club operates in accordance with Charity law and the Club's CIO document. The day-to-day running of the Club is overseen by the Trustees, who form and govern such committees as they deem appropriate for the effective running of the Club. All business of the Club is ratified by the members in general meetings, which meetings are held at least once per month.
The Club is ably supported by the volunteer services of its members and others.
Trustees
Details of the Trustees who have served throughout the year are set out under legal and administrative information at the front of these accounts.
Financial review, investment policy, reserves and risk
Details of the Club's financial results are set out in the Statement of Financial Activities and supporting notes. The Trustees are satisfied with the Club's financial activites for the year.
Surplus funds are held in the Club's bank current and deposit accounts.
It is the policy of the Club to maintain unrestricted funds only to the extent that they are expected to be required within the forseeable future to meet the objectives of the Club. The adequacy of the reserves policy is reviewed periodically.
The Trustees have considered the major risks to which the Club is exposed to satisfy themselves that systems are in place to mitigate those risks.
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FARNHAM LIONS CLUB A Charitable Incorporated Organisation TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
Community Service Activities
The Club's community service activities consisted of making grants and performing services as detailed in note 8 to these financial statements.
Fundraising Events
The Club's fundraising ativities are detailed in notes 4 and 7 to these financial statements.
Future Plans and Outlook
The Club plans to continue its work on a similar basis in the future. In the next financial year it anticipates again receiving income from its subsidiary, Beer Exhibitions Limited, now that its beer exhibition has resumed after Covid.
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FARNHAM LIONS CLUB A Charitable Incorporated Organisation TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
Statement of trustees' responsibilities
Charity law requires the trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and of its financial activities for that period.
In preparing the financial statements the Trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Make sound judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud or other irregularities.
Independent Examiner
The Trustees intend to ask the existing independent examiner to undertake the independent examination of the Trust in the following year.
Approved by the Trustees on 18 October 2022 and signed on their behalf.
R Brown
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FARNHAM LIONS CLUB A Charitable Incorporated Organisation INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FARNHAM LIONS CLUB
I report on the accounts of the Farnham Lions Club for the year ended 30 June 2022, which are set out on pages 5 to 11.
The Club was established as a Charitable Incorporated Organisation on 23 March 2021.
The Club's trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the Act)) and that, by its constitution, an independent examination is needed.
It is my responsibility to:
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examine the accounts (under section 145 of the Act);
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Act); and
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to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by 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 seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In the course of my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:
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proper accounting records are kept (in accordance with section 130 of the 2011 Act); and
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr Richard Luff ACCA Branston Adams Chartered Certified Accountants
Suite 2 Victoria House South Street Farnham GU9 7QU Date: 2 December 2022
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FARNHAM LIONS CLUB A Charitable Incorporated Organisation STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022
| Unrestricted funds Notes £ INCOMING RESOURCES From generated funds:- Voluntary income: Grants and donations 3 5,715 Other activities Fundraising events 4 37,918 Investment income 5 7 43,640 From charitable activities 6 878 TOTAL INCOMING RESOURCES 44,518 RESOURCES EXPENDED Cost of generating funds: Fundraising events 7 9,540 Charitable activities Donations and grants 8 35,622 Other charitable activities 8 1,323 Members' activities 8 - Administration costs 9 3,102 TOTAL RESOURCES EXPENDED 49,587 Net (outgoing)/incoming resources before transfers (5,069) Transfers between funds 15 26,003 NET MOVEMENT IN FUNDS 20,934 Fund balances at 1 July 2021 - FUND BALANCES AT 30 JUNE 2022 15 20,934 |
Restricted funds £ 63,491 12,173 - 75,664 - 75,664 4,740 59,512 1,844 - - 66,096 9,568 11,778 21,346 - 21,346 |
Admin funds £ - - 1 1 3,114 3,115 - - - 3,262 471 3,733 (618) 7,818 7,200 - 7,200 |
Total 2022 £ 69,206 50,091 8 119,305 3,992 123,297 14,280 95,134 3,167 3,262 3,573 119,416 3,881 45,599 49,480 - 49,480 |
Total 2021 £ - - - |
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The statement of financial activities inclues all gains and losses recognised in the year. All income and expenditure derives from continuing activities.
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FARNHAM LIONS CLUB A Charitable Incorporated Organisation BALANCE SHEET FOR THE YEAR ENDED 30 JUNE 2022
| Notes FIXED ASSETS Investments 11 CURRENT ASSETS Debtors 12 Cash at bank and in hand CREDITORS: amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: amounts falling due after more than one year 14 TOTAL NET ASSETS ACCUMULATED FUNDS Unrestricted funds 15 Restricted funds 15 Admin fund 15 The notes attached form part of these accounts |
£ 2,372 54,367 56,739 (7,259) |
2022 £ - 49,480 49,480 - 49,480 20,934 21,346 7,200 49,480 |
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2021 £ - - |
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The accounts were approved by the Trustees on 18 October 2022 and signed on their behalf.
…………………………..
R Brown
Trustee
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FARNHAM LIONS CLUB A Charitable Incorporated Organisation NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2022
1 Accounting policies
Farnham Lions Club is a Charitable Incorporated Organisation registered with the Charity Commission in England and Wales (number 1194104). The registered office is at 23 Aveley Lane, Farnham, GU9 8PR.
a) Basis of preparation
The financial statements are prepared under the historical cost convention, and in accordance with applicable accounting standards (including FRS102: "The Financial Reporting Standard applicable in the UK and Republic of Ireland"), the Charities SORP (FRS102) 2015 (Accounting and Reporting by Charities) and the Charities Act 2011.
These financial statements are prepared in GBP Sterling, which is the functional currency of the Lions Club. Assets and liabilities are initially recognised at historic cost or transaction value unless otherwise stated in these notes.
Farnham Lions Club meets the definition of a public benefit entity under FRS102. The Trustees consider that there are no material uncertainties about the Lions Club's ability to continue as a going concern.
b) Incoming resources
Voluntary income, including donations, gifts, legacies and grants, are recognised where there is entitlement and certainty of receipt, and the amount can be measured with sufficient reliability. Such income is only deferred when:
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The donor specifies that the grant or donation must only be used in future accounting periods: or
The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Fundraising income and members' contributions are recognised when they fall due.
Investment income and GiftAid are recognised on a receivable basis.
c) Volunteers and donated services and facilities
The value of services provided by volunteers is not incorporated into these financial statements.
d) Resources expended
Expenditure is recognised when a liability is incurred.
● Costs of generating funds are those incurred in running fundraising events and in attracting voluntary income.
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Charitable activities include expenditure made in furthering the objectives of the Club, and in promoting volunteerism.
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Administration costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and charity law requirements.
e) Foreign currency transactions
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the statement of financial activities.
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FARNHAM LIONS CLUB A Charitable Incorporated Organisation NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
2 Taxation
The Club is a Charitable Incorporated Organisation registered with the Chariy Commission in England and Wales. Therefore, it is exempt from taxation on its income and gains where they are applied for charitable purposes. The Club is registered for GiftAid.
| 3 4 5 6 |
Voluntary income Unrestricted funds £ General donations 5,715 Donations to Sir Alan Jones Memorial Fund - HeartStart - Project Wenceslas - 5,715 Activities for generating funds Unrestricted funds £ Advent Calendars 13,073 Cider & Sausage 24,379 Tea Tent 145 Tombola 321 Golf Day - 37,918 Investment Income Unrestricted funds £ Interest receivable 7 Income from other charitable activities Unrestricted funds £ Sundry receipts 878 Members' subscriptions - GiftAid claimable on subscriptions - Meeting fines and raffles - Mileage - Club dinners - Other social events - 878 |
Restricted funds £ - 2,281 909 60,301 63,491 Restricted funds £ - - - - 12,173 12,173 Restricted funds £ - Restricted funds £ - - - - - - - - |
Admin fund £ - - - - - Admin fund £ - - - - - - Admin fund £ 1 Admin fund £ - 1,502 267 460 634 145 106 3,114 |
Total 2022 £ 5,715 2,281 909 60,301 69,206 Total 2022 £ 13,073 24,379 145 321 12,173 50,091 Total 2022 £ 8 Total 2022 £ 878 1,502 267 460 634 145 106 3,992 |
Total 2021 £ - - - - |
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FARNHAM LIONS CLUB
A Charitable Incorporated Organisation NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
| 7 8 |
Cost of generating funds Advent Calendars Cider & Sausage Tombola Golf Day Charitable activities Donations and grants - organisations Waverley Hoppa (from Golf Day) Aston Defibrillator Fund Bourne PCC - fencing Farnham Carnival Lions Community Store new van Lions District 105SE KSS Air Ambulance Lions Multi-District 105 - Ukraine Appeal Step By Step - counselling services Space2Grow - parenting course Donations under £1,000.01 - organisations Donations and grants - individuals Project Wenceslas Donations under £1,000.01 - individuals Total donations and grants Other charitable activities expenditure Food Parcels Lions Tea Party Project Wenceslas HeartStart Members' activities Lions Clubs International dues Lions District and Multi-District dues Room hire for meetings |
Unrestricted funds £ 2,848 6,536 156 - 9,540 Unrestricted funds £ - 1,500 1,500 2,812 2,000 4,000 4,000 3,000 1,200 12,019 32,031 - 3,591 - 3,591 35,622 252 827 244 - 1,323 - - - - |
Restricted funds £ - - - 4,740 4,740 Restricted funds £ 7,433 - - - - - - - - - 7,433 52,079 - - 52,079 59,512 - - - 1,844 1,844 - - - - |
Admin fund £ - - - - - Admin fund £ - - - - - - - - - - - - - - - - - - - - - 1,390 1,507 365 3,262 |
Total 2022 £ 2,848 6,536 156 4,740 14,280 Total 2022 £ 7,433 1,500 1,500 2,812 2,000 4,000 4,000 3,000 1,200 12,019 39,464 52,079 3,591 - 55,670 95,134 252 827 244 1,844 3,167 1,390 1,507 365 3,262 |
Total 2021 £ - - - - |
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FARNHAM LIONS CLUB
A Charitable Incorporated Organisation NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
| 9 | Administration costs Bank charges Club dinner guests Storage charges Mileage Publicity Website Insurance Sundry expenses |
Unrestricted funds £ 259 - 739 634 312 216 44 898 3,102 |
Restricted funds £ - - - - - - - - - |
Admin fund £ 100 228 - - - - - 143 471 |
Total 2022 £ 359 228 739 634 312 216 44 1,041 3,573 |
Total 2021 £ - - - - - - - - |
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10 Employee and Trustees' expenses
There were no employees during the year (2021: none).
None of the Trustees was paid any remuneration or expenses by the charity during the year (2021: none) in their capacity as Trustees.
11 Investments
The Club owns 97.4% of the shares in Beer Exhibitions Limted, a company registered in England and Wales, whose business is beer exhibition running. These shares were acquired for no cost.
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Debtors Members' accounts Loan to Beer Exhibitions Limited Prepayments and accrued income Creditors: amounts falling due within one year Members' accounts Accruals and deferred income Creditors: amounts falling due after more than one year |
2022 £ 122 500 1,750 2,372 2022 £ 3,359 3,900 7,259 2022 £ - |
2021 £ - - - |
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FARNHAM LIONS CLUB A Charitable Incorporated Organisation NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
| **15 ** | Analysis of charitable funds Unrestricted funds General funds Restricted funds Project Wenceslas HeartStart Sir Alan Jones Memorial Fund Admin fund Frankenberg Hospitality Fund Dinner Fund Social Fund General Fund |
Balance 01/07/2021 £ - - - - - - - - - |
Incoming Resources £ 44,518 60,301 909 2,281 - 145 106 2,864 111,124 |
Resources Expended £ (49,587) (52,079) (1,844) - - - - (3,733) (107,243) |
Transfers £ 26,003 8,964 2,814 - 1,500 3,501 4,328 (1,511) 45,599 |
Balance £ 20,934 17,186 1,879 2,281 1,500 3,646 4,434 (2,380) 30/06/2022 |
|---|---|---|---|---|---|---|
| 49,480 |
The general unrestricted funds comprise funds raised and donations received which have not been restricted by the donors or designated by the Trustees for a particular use. The Trustees are entitled to allocate such funds as they see fit towards the objects of the Club.
Project Wenceslas funds have been raised to be spent on alleviating fuel debt and fuel poverty in the local area.
HeartStart funds have been raised to spend on the lifesaving training activities of HeartStart Farnham Lions.
The Sir Alan Jones Memorial Fund, set up in memory of a late Lion, are to be spent on youth activities in the Farnham area.
The admin fund is raised by contributions from the members, and is for use in the administration of the Club, in accordance with the Club's constitution. No funds raised from the public may be used for Club administration.
Transfers comprise the transfer to the CIO on 1 July 2021 of the funds previously held by the Lions Club of Farnham and the Lions Club of Farnham Charity Trust, along with an annual internal transfer of £375 from the Admin General Fund to the Admin Frankenberg Hospitality Fund.
16 Analysis of net assets between funds
Fund balances at 30 June 2022 are represented by:-
| Fixed assets Current assets Creditors: amount falling due within one year Net Creditors: amounts falling due after more than one year |
Unrestricted funds £ - 24,834 (3,900) - 20,934 |
Restricted funds £ - 21,346 - - 21,346 |
Admin fund £ - 10,559 (3,359) - 7,200 |
Total £ - 56,739 (7,259) - |
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| 49,480 |
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