Registered Charity number 900624
THE DURSLEY LIONS CLUB CHARITY TRUST FUND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Registered Charity number 900624
THE DURSLEY LIONS CLUB CHARITY TRUST FUND
| CONTENTS | PAGE |
|---|---|
| Trustees’ Report | 1 |
| Independent Examiners Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Accounts | 5 to 8 |
1
THE DURSLEY LIONS CLUB CHARITY TRUST FUND TRUSTEE’S REPORT FOR THE YEAR ENDED 31 MARCH 2023
TRUSTEES’ RESPONSIBILITIES
Charity law requires us as trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity, and of the profit or loss of the charity for that period. In preparing those 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 judgements and estimates that are reasonable and prudent;
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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.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable us to ensure that the financial statements comply with the Charities Act 2011. We are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Trustees
The Board members are: T Hunt R Robins C Whateley T Champion K Griffiths P Hayes R Stannard H Pettitt N Baldwin J Toffi S Clements T Grocutt D Waugh Plus all other members of the Club.
Principal Activities
The principal activities of the charity throughout the year were:-
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1) The principal objectives of the charity are to raise money to support the needy of the Dursley area, and to support other charities and organisations for the benefit of the general population as a whole. There were no significant changes in this activity during the year.
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2) The major fund raising event is the sale of Second Hand Furniture from premises in Dursley £22,026 (2022 £14,154).
Reserves Policy
The Designated General Fund represents the cost of the original investment in the various fixed assets, whilst the undesignated amount is free for distribution. It is the policy of the Trustees to maintain the designated fund and have approximately £10,000 available as working capital.
ON BEHALF OF THE TRUSTEES
23rd January 2023
................................................................. PRESIDENT
2
THE DURSLEY LIONS CLUB CHARITY TRUST FUND
INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF THE DURSLEY LIONS CLUB CHARITY TRUST FUND
I report on the accounts of the Trust for the year ended 31 March 2023, which are set out on pages 3 to 9.
Respective responsibilities of trustees and examiners
As the charity’s trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of S144(2) of the Charities Act 2011 (the Act) does not apply, and that an independent examination is needed. It is my responsibility to examine the accounts under S145 of the act, and to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under S145(5)(b) of the Act, whether particular matters have come to my attention.
Bases of independent examiners’ 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 the seeking of 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 examiners’ statement
In connection with 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 requirements:-
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. to keep accounting records in accordance with S130 of the Act; and
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. 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.
R J Holcombe
......................................................... R J HOLCOMBE
2023
............................................. DATE
3
THE DURSLEY LIONS CLUB CHARITY TRUST FUND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st MARCH 2023
| 31st MARCH 2023 | ||||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Note | £ | £ | ||||
| Unrestricted | Restricted | Total | Total | |||
| INCOMING RESOURCES | ||||||
| Donations, Legacies and Similar Income | (1) | 1,721 | - | 1,721 | 220 | |
| Operating Activities | - | - | - | - | ||
| Activities to Generate Funds | (2) | 23,348 | - | 23,348 | 14,514 | |
| Investment Income | (3) | 78 | - | 78 | 3 | |
| 25,147 | - | 25,147 | 14,737 | |||
| RESOURCES EXPENDED | ||||||
| COST OF GENERATING FUNDS | (4) | 8,144 | - | 8,144 | 13,483 | |
| (5) | 17,003 | - | 17,003 | 1,254 | ||
| CHARITABLE EXPENDITURE | ||||||
| Charitable Giving | 9,565 | - | 9,565 | 11,916 | ||
| NET INCOMING RESOURCES | 7,438 | - | 7,438 | (10,662) | ||
| NET GAINS ON RE-VALUATION OF INVESTMENTS | - | - | - | - | ||
| NET MOVEMENTS IN FUNDS FOR THE YEAR | 7,438 | - | 7,438 | (10,662) | ||
| FUNDS BROUGHT FORWARD | 73,522 | - | 73,522 | 84,184 | ||
| FUNDS CARRIED FORWARD | 80,960 | - | 80,960 | 73,522 |
4
THE DURSLEY LIONS CLUB CHARITY TRUST FUND BALANCE SHEET AT 31st MARCH 2023
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | £ | £ | ||||
| FIXED ASSETS | ||||||
| Freehold Property | (7) | 22,466 | 22,466 | |||
| Motor Vehicle | (7) | 1 | 1 | |||
| Equipment | (7) | 2,660 | 3,389 | |||
| 25,127 | 25,856 | |||||
| CURRENT ASSETS | ||||||
| Debtors and Prepayments | - | 222 | ||||
| Bank Deposit Accounts | 35,052 | 34,974 | ||||
| Bank Current Accounts | 20,781 | 12,470 | ||||
| 55,833 | 47,666 | |||||
| Less | ||||||
| CREDITORS - AMOUNTS FALLING DUE | ||||||
| WITHIN ONE YEAR | (8) |
- |
- | |||
| NET CURRENT ASSETS | 55,833 | 47,666 | ||||
| NET ASSETS | 80,960 | 73.522 | ||||
| Financed by:- | ||||||
| UNRESTRICTED FUNDS | ||||||
| General Fund | 15,515 | 8,077 | ||||
| Designated General Fund | 65,445 | 65,445 | ||||
| 80,960 | 73,552 |
These financial statements were approved by the Trustees on
ON BEHALF OF THE TRUSTEES
D Waugh
2023
........................................................... TREASURER
5
THE DURSLEY LIONS CLUB CHARITY TRUST FUND NOTES AND SCHEDULES ON THE ACCOUNTS TO 31st MARCH 2023
1. DONATIONS, LEGACIES AND SIMILAR INCOME
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||||
| Donations and Rent | 1,721 | - | 1,721 | 220 | |||||
| 2. | ACTIVITIES TO GENERATE FUNDS | ||||||||
| Frocester Beer Festival | - | - | - | - | |||||
| Furniture Donations | 22,026 | - | 22,026 | 12,408 | |||||
| Stroud District Council - Covid Grants | - | - | - | 1,501 | |||||
| Gloucestershire Recycling | 995 | - | 995 | 299 | |||||
| Lucky Severn Lottery | 327 | - | 327 | 306 | |||||
| 23,348 | - | 23,348 | 14,514 | ||||||
| 3. | INVESTMENT INCOME | ||||||||
| Deposit Interest | 78 | - | 78 | 3 | |||||
| 78 | - | 78 | 3 | ||||||
| 4. | COST OF GENERATING ACTIVITIES | ||||||||
| Frocester Beer Festival | - | - | - | - | |||||
| Furniture Donations | 8,144 | - | 8,144 | 13,483 | |||||
| Dance etc | - | - | - | - | |||||
| 8,144 | - | 8,144 | 13,483 |
6
THE DURSLEY LIONS CLUB CHARITY TRUST FUND NOTES AND SCHEDULES ON THE ACCOUNTS TO 31st MARCH 2023
(Cont’d)
5. NET INCOMING RESOURCES BY ACTIVITY
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Total | Total | |
| Furniture Donations Surplus | (9) | 13,882 | - | 13,882 | (1,075) |
| Frocester Beer Festival | - | - | - | - | |
| Other Events Surplus | 327 | - | 327 | 306 | |
| Donations and Legacies | (1) | 991 | - | 991 | 220 |
| Investment Income | (3) | 78 | - | 78 | 3 |
| Gloucestershire Recycling | 995 | - | 995 | 299 | |
| Iceland Rent | 730 | - | 730 | - | |
| Stroud District Council - Covid Grants | - | - | ,501 | ||
| 17,003 | - | 17,003 | 1,254 |
6. ACCOUNTING POLICIES
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention, the accounts are in accordance with applicable accounting standards, the Charities SORP (FRS 102),(Accounting and Reporting by Charities) and comply with the Charities (Accounts and reports) Regulations 2005 issued under the Charities Act 2011.
Voluntary income is received by way of donation and gifts and is included in full in the statement of Financial Activities when receivable. the value provided by volunteers has not been included.
Resources expended are recognised in the period in which they are incurred, and include attributable VAT which cannot be recovered.
Depreciation
Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates:-
Freehold land - No depreciation - Freehold buildings 10% per annum of cost Motor Vehicles - 20% per annum of cost - Equipment 5% & 25% per annum of cost
Stocks
Stocks have been valued at the lower of cost and net realisable value.
7
THE DURSLEY LIONS CLUB CHARITY TRUST FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2023 (Cont’d)
7. TANGIBLE FIXED ASSETS
| 7. | TANGIBLE FIXED ASSETS | |||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Motor | ||||||||||||||||||||||||||||||||||
| Equipment | Land | Buildings | Vehicles | Total | ||||||||||||||||||||||||||||||
| £ | £ | £ | £ | £ | ||||||||||||||||||||||||||||||
| Cost | ||||||||||||||||||||||||||||||||||
| At 1st April 2022 | 5,685 | 22,465 | 20,670 | 16,635 | 65,455 | |||||||||||||||||||||||||||||
| Additions | - | - | - | - | - | |||||||||||||||||||||||||||||
| Disposals | - | - | - | - | - | |||||||||||||||||||||||||||||
| At 31st March 2023 | 5,685 | 22,465 | 20,670 | 16,635 | 65,455 | |||||||||||||||||||||||||||||
| Depreciation | ||||||||||||||||||||||||||||||||||
| At 1st April 2022 | 2,296 | - | 20,669 | 16,634 | 39,599 | |||||||||||||||||||||||||||||
| Charge for the year | 729 | - | - | - | 729 | |||||||||||||||||||||||||||||
| Elimination of disposals | - | - | - | - | - | |||||||||||||||||||||||||||||
| At 31st March 2023 | 3,025 | - | 20,669 | 16,634 | 40,328 | |||||||||||||||||||||||||||||
| Net book value | ||||||||||||||||||||||||||||||||||
| At 31st March 2023 | 2,660 | 22,465 | 1 | 1 | 25,127 | |||||||||||||||||||||||||||||
| At 31st March 2022 | 3,389 | 22,465 | 1 | 1 | 25,856 | |||||||||||||||||||||||||||||
| 8. | CREDITORS - AMOUNTS DUE WITHIN ONE YEAR | |||||||||||||||||||||||||||||||||
| 2023 | 2022 | |||||||||||||||||||||||||||||||||
| £ | £ | |||||||||||||||||||||||||||||||||
| Dursley Lions Admin | - | - | ||||||||||||||||||||||||||||||||
| 9. | FURNITURE DONATIONS SURPLUS | |||||||||||||||||||||||||||||||||
| 2023 | 2022 | |||||||||||||||||||||||||||||||||
| £ | £ | |||||||||||||||||||||||||||||||||
| SALES | 22,026 | 12,408 | ||||||||||||||||||||||||||||||||
| Less EXPENSES | ||||||||||||||||||||||||||||||||||
| Van Expenses | 2,623 | 2,378 | ||||||||||||||||||||||||||||||||
| Members Mileage | 571 | 190 | ||||||||||||||||||||||||||||||||
| May Lane Store Expenses | 3,544 | 3,276 | ||||||||||||||||||||||||||||||||
| Depreciation | 729 | 729 | ||||||||||||||||||||||||||||||||
| Card Charges | - | - | ||||||||||||||||||||||||||||||||
| Building Repairs | 677 | 6,910 | ||||||||||||||||||||||||||||||||
| Trustees Insurance | - | - | ||||||||||||||||||||||||||||||||
| 8,144 | 13,483 | |||||||||||||||||||||||||||||||||
| NET SURPLUS | 13,882 | (1,075) |
8