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REGISTERED COMPANY NUMBER: 04210715 (England and Wales)
REGISTERED CHARITY NUMBER: 1099004
















Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30th June 2024

for

WORTHING LIONS CHARITABLE TRUST LTD.

WORTHING LIONS CHARITABLE TRUST LTD.






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 13

WORTHING LIONS CHARITABLE TRUST LTD. (REGISTERED NUMBER: 04210715)

Report of the Trustees
for the Year Ended 30th June 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objectives are any charitable purpose primarily for, but not limited to, the inhabitants of the town of Worthing and its neighbourhood.
The main activities undertaken to further the charity's purposes for public benefit are the operation of a fundraising shop and the organisation of fundraising events. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity's main fundraising events include collections throughout December, with an evening Christmas tree collection through residential streets and town centre buckets. The charity also undertakes fundraising events including The Worthing Lions Festival in July and the firework display in November.
The Lions also run a shop. The shop is open 6 days a week 9.30 am to 4.30pm.
Every member, who is able, helps with our events, either behind the scenes or up front. All of their time is given freely.

FINANCIAL REVIEW
Financial review
The reserves of the charity are unrestricted reserves. The administration fund is an unrestricted, designated fund.
The incoming resources of the administration fund include members' donations and various other small donations.
Outgoing resources include dues to the District organisation, Lions Club International and to Lions Club International Foundation.
Total income of the charity has increased by 22% to £112,370, mainly increases in the shop and higher interest rates. Expenditure has increased by 32% to £119,940 with net income in the year of £17,711 (2023: £21,593). Expenditure included a 81% increase to £66,264 in the grants made for charitable purposes. At year end, the general unrestricted reserve amounted to £331,958 (2023: £314,247). This was made up of the following funds, general fund amounting £138,547, the administration fund amounting to £12,607 and the designated fund of £180,804 for the purchase of a property in the future.



STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is incorporated under the Companies Act 2006. It is a company limited by guarantee, and is governed by its Memorandum and Articles incorporated on 3 May 2001.
The charity must have a minimum number of three trustees. At each annual general meeting one-third of the trustees who are subject to retirement by rotation or, if their number is not three or a multiple of three, the number nearest to one third shall retire from office, but if there is only one trustee who is subject to retirement
by rotation, they shall retire. The trustees to retire by rotation shall be those who have been longest in office since their last appointment or reappointment. No person other than a trustee retiring by rotation shall be appointed or reappointed a trustee at any general meeting, unless they are recommended by the trustees. The trustees may be appointed by ordinary resolution either to fill a vacancy or as an additional trustee.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04210715 (England and Wales)

Registered Charity number
1099004


WORTHING LIONS CHARITABLE TRUST LTD. (REGISTERED NUMBER: 04210715)

Report of the Trustees
for the Year Ended 30th June 2024

Registered office
38 Salisbury Road
Worthing
West Sussex
BN11 1RD

Trustees
A G Carter
J M Holley
J A E Hollington
L Hurren
L Taylor
A J Tincknell

Company Secretary
K Anderson

Independent Examiner
IM Walker FCCA
MastersFuller
Chartered Certified Accountants
38 Salisbury Road
Worthing
West Sussex
BN11 1RD

Approved by order of the board of trustees on 14th January 2025 and signed on its behalf by:





J M Holley - Trustee

Independent Examiner's Report to the Trustees of
Worthing Lions Charitable Trust Ltd.

Independent examiner's report to the trustees of Worthing Lions Charitable Trust Ltd. ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th June 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








IM Walker FCCA
The Association of Chartered Certified Accountants

MastersFuller
38 Salisbury Road
Worthing
West Sussex
BN11 1RD

14th January 2025

WORTHING LIONS CHARITABLE TRUST LTD.

Statement of Financial Activities
for the Year Ended 30th June 2024

2024 2023
Unrestricted Total
funds funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 9,927 5,461

Other trading activities 2 115,939 105,501
Investment income 3 10,896 497
Other income 888 911
Total 137,650 112,370

EXPENDITURE ON
Raising funds 4 53,676 54,251

Charitable activities
Medical 29,743 9,285
Community 24,376 17,505
Educational 950 2,400
Cultural 7,200 840
Animal 780 350
Alleviating poverty 3,215 6,146
Total 119,940 90,777

NET INCOME 17,710 21,593


RECONCILIATION OF FUNDS
Total funds brought forward 314,247 292,654

TOTAL FUNDS CARRIED FORWARD 331,957 314,247

WORTHING LIONS CHARITABLE TRUST LTD. (REGISTERED NUMBER: 04210715)

Balance Sheet
30th June 2024

2024 2023
Unrestricted Total
funds funds
Notes £    £   
FIXED ASSETS
Tangible assets 9 9,999 11,858

CURRENT ASSETS
Debtors 10 1,749 4,462
Cash at bank and in hand 330,779 307,951
332,528 312,413

CREDITORS
Amounts falling due within one year 11 (10,570 ) (10,024 )

NET CURRENT ASSETS 321,958 302,389

TOTAL ASSETS LESS CURRENT
LIABILITIES

331,957

314,247

NET ASSETS 331,957 314,247
FUNDS 13
Unrestricted funds 331,957 314,247
TOTAL FUNDS 331,957 314,247

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


WORTHING LIONS CHARITABLE TRUST LTD. (REGISTERED NUMBER: 04210715)

Balance Sheet - continued
30th June 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 14th January 2025 and were signed on its behalf by:





J M Holley - Trustee

WORTHING LIONS CHARITABLE TRUST LTD.

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Short leasehold - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Donated goods for resale and donated services
The trustees believe that it is impractical to measure the fair value of goods donated for resale and that the
costs of valuation outweigh the benefit to users of the accounts and the charity of this information. therefore, the donated goods are recognised on sale.
The contribution of unpaid general volunteers cannot be measured reliably. Therefore, the contribution of general volunteers is not included as income in the financial statements.


WORTHING LIONS CHARITABLE TRUST LTD.

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

2. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Shop income 68,416 59,901
Fireworks 9,244 6,703
Car boot sales 3,302 4,425
Christmas collections 10,800 8,446
Worthing festival 24,177 26,026
115,939 105,501

3. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 10,896 497

4. RAISING FUNDS

Raising donations and legacies
2024 2023
£    £   
Firework costs 1,523 440
Christmas collection costs 1,757 1,042
Festival costs 8,312 11,654
Other costs 129 1,548
Support costs 11,584 12,201
23,305 26,885

5. GRANTS PAYABLE
2024 2023
£    £   
Medical 29,743 9,285
Community 24,376 17,505
Educational 950 2,400
Cultural 7,200 840
Animal 780 350
Alleviating poverty 3,215 6,146
66,264 36,526

WORTHING LIONS CHARITABLE TRUST LTD.

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

5. GRANTS PAYABLE - continued
The total grants paid to institutions during the year was as follows:
2024 2023
£    £   
1st Durrington Scouts - 101
Air Cadets 100 -
Andy's Angels 2,500 2,600
Big Smile Project Gambia 200 -
Blind Veterans UK 500 -
Bramber Primary School 1,225 -
Broadwater Support Group 100 -
Cancer United - 2,100
Care for Veterans 370 300
Chanctonbury Lions Club 500 -
Community Works Food Bank - 500
Coppafeel - 250
Davison Worthing Youth Band 1,000 -
Dogs Trust 100 -
Durrington Community Centre 106 -
Ferring Country Centre 350 -
Ferring FC 280 762
Friends of Tarring Park 300 -
Genesis Dance Troupe - 5,000
Girl Guides 480 420
Hawthorn Primary School 500 -
Independent Lives 230 2,740
KSS Air Ambulance 6,200 442
LIBRA 10,000 -
Lions Club International District 105SE Foundation - 4,000
Lost Cats Brighton 200 -
Maybridge Keystone 1,600 30
Moorfields Lions KJorle Bu Trust - 2,000
Pay It Forward 6,000 -
Pinnacle for Worthing FC - 619
Prostate Cancer Support Organisation 392 1,753
RNLI 5,000 220
Rotary Club 520 -
Seaside Hospital Radio 250 250
SERV Sussex 7,500 -
Shout Worthing Soup Kitchen 992 701
Sight Support Worthing 280 -
St Barnabas House 420 790
Super Star Arts - 250
Sussex Clubs for Young People - 100
Sussex Pet Rescue - 100
Suzanne Logan Dance 500 -
Thomas A Becket School - 1,000
Turtle Conservation - 200
Tylers Trust 2,000 -
VIBE - 500
WADARS 480 -
West Downs NHW 500 400
West Sussex Mind - 150
West Tarring MU 480 620
Worthing Area Twins & Triplets - 100
Worthing FC U9s - 180
Worthing Dementia Action Alliance - 100
Worthing Hospital Bluefin Ward 136 -

WORTHING LIONS CHARITABLE TRUST LTD.

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

5. GRANTS PAYABLE - continued
Worthing Mencap - 250
Worthing Pavilion Bowling Club - 250
Worthing Rowing Club - 200
Worthing Theatres & Museum 540 -
Worthing Town FC 560 -
Zodiac Allstars 5,160 -
Donations under £100 - 250
58,551 30,228

The charity paid grants of £7,713 to individuals.

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Independent examiner's remuneration 1,260 1,500
Depreciation - owned assets 3,442 3,631

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30th June 2024 nor for the year ended 30th June 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30th June 2024 nor for the year ended 30th June 2023.


8. DONATED GOODS, FACILITIES AND SERVICES

The charity depends on volunteers to staff the charity shop, collect donations and organise fundraising activities, as well as organise the distribution of funds raised. The contribution of the volunteers cannot be
reliably measured so is not recognised in the financial statements.
The charity shop relies on donations of goods for resale. The donated goods include second-hand clothing, disability aids, electrical, jewellery, DVDs, CDs, books and general bric-a-brac.. The donated goods for resale are recognised in the financial statements at the point of sale. The income is recognised as shop income.


WORTHING LIONS CHARITABLE TRUST LTD.

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

9. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st July 2023 4,320 12,641 3,336 17,277 37,574
Additions 471 1,112 - - 1,583
Disposals - (1,022 ) - - (1,022 )
At 30th June 2024 4,791 12,731 3,336 17,277 38,135
DEPRECIATION
At 1st July 2023 1,728 7,948 1,069 14,971 25,716
Charge for year 479 2,160 227 576 3,442
Eliminated on disposal - (1,022 ) - - (1,022 )
At 30th June 2024 2,207 9,086 1,296 15,547 28,136
NET BOOK VALUE
At 30th June 2024 2,584 3,645 2,040 1,730 9,999
At 30th June 2023 2,592 4,693 2,267 2,306 11,858

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 1,300
Prepayments and accrued income 1,749 3,162
1,749 4,462

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,527 514
Accruals and deferred income 9,043 9,510
10,570 10,024

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 2023
£    £   
Within one year 12,000 12,000
Between one and five years 5,000 17,000
17,000 29,000

WORTHING LIONS CHARITABLE TRUST LTD.

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

13. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.7.23 in funds funds 30.6.24
£    £    £    £   
Unrestricted funds
General fund 138,873 8,195 (8,522 ) 138,546
Admin fund 12,697 (90 ) - 12,607
Property designated fund 162,677 9,605 8,522 180,804
314,247 17,710 - 331,957
TOTAL FUNDS 314,247 17,710 - 331,957

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 124,108 (115,913 ) 8,195
Admin fund 3,937 (4,027 ) (90 )
Property designated fund 9,605 - 9,605
137,650 (119,940 ) 17,710
TOTAL FUNDS 137,650 (119,940 ) 17,710


Comparatives for movement in funds

Net Transfers
movement between At
At 1.7.22 in funds funds 30.6.23
£    £    £    £   
Unrestricted funds
General fund 125,159 21,164 (7,450 ) 138,873
Admin fund 12,765 (68 ) - 12,697
Property designated fund 154,730 497 7,450 162,677
292,654 21,593 - 314,247
TOTAL FUNDS 292,654 21,593 - 314,247

WORTHING LIONS CHARITABLE TRUST LTD.

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 107,047 (85,883 ) 21,164
Admin fund 4,826 (4,894 ) (68 )
Property designated fund 497 - 497
112,370 (90,777 ) 21,593
TOTAL FUNDS 112,370 (90,777 ) 21,593

The Admin fund is available for use at the discretion of the trustees but has been designated for the administration of the charity, including for the receipt and payment of subscriptions.
The Property Designated fund has been set aside to purchase a property in the future.

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30th June 2024.