Tetbury Lions Trust Charity Accounts
Tetbury Lions Trust Charity Accounts
COMPANY REGISTRATION NUMBER:
08461002
CHARITY REGISTRATION NUMBER:
1152090
|
Company Limited by Guarantee |
|
|
|
Company Limited by Guarantee |
Financial Statements |
Year ended 30 June 2022
Page |
|
Trustees' annual report (incorporating the director's report) |
1 |
Independent examiner's report to the trustees |
5 |
Statement of financial activities (including income and expenditure account) |
6 |
Statement of financial position |
7 |
Notes to the financial statements |
8 |
|
Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Year ended 30 June 2022
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended
30 June 2022
.
Reference and administrative details
Registered charity name |
|
Charity registration number |
|
Company registration number |
|
Principal office and registered |
Rockside House |
office |
Long Newnton |
Tetbury |
|
GL88XA |
|
England |
|
The trustees
|
||
|
||
|
||
|
||
|
(Appointed
|
|
|
(Resigned
|
|
Independent examiner |
|
Oakley House |
|
Tetbury Road |
|
Cirencester |
|
Gloucestershire |
|
GL7 1US |
|
Structure, governance and management
The organisation is a charitable company limited by guarantee, incorporated on 25 March 2013 and registered as a charity on 17 May 2013. The company is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1 each.
Organisational Structure
The directors of the company are also charity trustees for the purposes of charity law and under the company's articles are known as Trustees.
The Trustees consist of at least five members and shall not exceed nine in total. Trustees have control of the charity and its funds. They comprise:
-
The President of Tetbury Lions ex officio
-
The Vice-President of Tetbury Lions ex officio
-
The Immediate Past President of Tetbury Lions ex officio
-
Two Trustees ("Nominated Trustees") elected by members of Tetbury Lions.
The rotation of ex-officio Trustees ensures that no one Trustee can serve as a trustee for more than three consecutive years. Nominated Trustees must retire at each Annual General Meeting (AGM). A retiring Nominated Trustee shall be eligible for re-election for consecutive periods not exceeding in aggregate three years from the date of original appointment.
The Trustees may co-opt any qualified person (who must also be a member of the Tetbury Lions) to fill a vacancy as an additional Trustee but a co-opted Trustee only holds office until the next AGM.
Risk Management
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to major risks
Objectives and activities
The
Tetbury Lions Trust
is a grant-making body that has established its grant-making policy to achieve its objects for the public benefit. The company's Articles of Association clearly state that the objects of the Charity are for any purpose, which is charitable according to the law of England or Wales whether for the benefit of any individual or group of people or for the benefit of any other organisation established for charitable purposes.
The primary objective of the Charity is to support individuals and/or organisations in Tetbury, or based in the geographical area generally surrounding Tetbury, where the need for financial support or assistance has been demonstrated and such grants are for specific charitable purposes (as set out in the grant-making guidelines below) and has been recommended by The Tetbury Lions Club. In exceptional cases donations outside the Tetbury area may be considered if all other criteria are met.
Grant-making
Requests for grants are made through the Tetbury Lions Club, which is part of the largest completely voluntary service organisation in the world, Lions Clubs International, operating a number of global initiatives. Each Club is independently run but we share a core belief in that community is what we make it. The Club considers many requests for grant aid and makes a clear recommendation to the Trustees of the Charity to consider supporting a particular case only where there is clear public benefit. The Trustees review all recommendations from the Club against the grant-making criteria detailed below.
Grants may only be made for charitable purposes, as defined by the Charities Act, which meet the public benefit test and fall within the following areas:
-
The prevention of poverty
-
The advancement of education
-
The advancement of health and the saving of lives
-
The advancement of citizenship or community development
-
The advancement of environmental protection or improvement
-
The relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other
disadvantage
-
Any other purpose currently recognized as charitable
Grants may be made to other Lions Clubs, or projects supported by other Lions Clubs, whether in the UK or abroad, to support their local fund-raising for specific projects, providing such projects are considered to fall within the general grant-making guidelines for the Tetbury Lions Trust. Grants may also be made to support worldwide projects undertaken or supported by Lions International.
Grants will not be made for political purposes, for the personal benefit of a Trustee or for a member of the Trustee's family or for the benefit of a past or present member of The Tetbury Lions Club, unless such a grant falls within the scope of grants that would otherwise be authorized under the grant-making guidelines. Objectives and aims The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
Achievements and performance
The Tetbury Lions trust has been able to achieve its objectives of being able to issue grants for a combination of Local, Country, and international Charitable Activities. Considering a reduced income from the previous year we have been able to service any approved appeals successfully. Donations is largely generated by The Tetbury Advertiser Ltd who donates a regular sum monthly to Tetbury Lions Trust. The combined income within the year being £12,795. This is a drop from the previous year which was £12,79. A number of grants, totalling £16,893 have been successfully distributed across the most needy for the combination of Local, Country, and international Charitable Activities.
Financial review
A cautious cash-flow management policy has been adopted to ensure that sufficient funds are available at any time to meet outstanding grant commitments. Given that The Tetbury Advertiser Ltd donates a regular sum monthly to
Tetbury Lions Trust
within year, the policy of the Charity is that unrestricted funds, which have not been designated for a specific use, should be maintained at a level equivalent to the monthly transfer from the Tetbury Advertiser Ltd.
Investment policy
The powers to invest are given in the Articles of Association and include the power "to deposit or invest in any manner (but to invest only after obtaining such advice from a financial expert as the Trustees consider necessary and having regard to the suitability of investments and the need for diversification) provided that the Charity shall have the power to retain any investments donated to it".
Requests for grants and donations are received on a regular basis. It is not the policy of the Trust to build up significant reserves but to regularly distribute such funds where the request meets the grant-making criteria.
Future plans
The Trust will ensure that it continues to raise and distribute funds for the benefit of the local, national and international community, which it serves, where the request for support is in-line with its grant making criteria and for a clearly charitable purpose.
Small company provisions
The trustees' annual report was approved on
15 February 2023
and signed on behalf of the board of trustees by:
|
Trustee |
|
Company Limited by Guarantee |
Independent Examiner's Report to the Trustees of
|
Year ended 30 June 2022
I report to the trustees on my examination of the financial statements of
Tetbury Lions Trust
('the charity') for the year ended 30 June 2022.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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 charity as required by section 386 of the 2006 Act; or
2.
the financial statements do not accord with those records; or
3.
the financial statements 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 financial statements 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.
Oakley House
Tetbury Road
Cirencester
Gloucestershire
GL7 1US
27 March 2023
|
Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
Year ended 30 June 2022
2022 |
2021 |
||
Unrestricted funds |
Total funds |
Total funds |
|
Note |
£ |
£ |
£ |
Income and endowments
Donations and legacies |
5 |
|
|
|
-------- |
-------- |
-------- |
||
Total income |
|
|
|
|
-------- |
-------- |
-------- |
||
Expenditure
Expenditure on charitable activities |
|
|
|
-------- |
-------- |
-------- |
|
Total expenditure |
|
|
|
-------- |
-------- |
-------- |
|
-------- |
-------- |
-------- |
|
Net expenditure and net movement in funds |
(
|
(
|
(
|
-------- |
-------- |
-------- |
|
Reconciliation of funds
Total funds brought forward |
|
|
|
-------- |
-------- |
-------- |
|
Total funds carried forward |
|
|
|
-------- |
-------- |
-------- |
|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
|
Company Limited by Guarantee |
Statement of Financial Position |
2022 |
2021 |
|
Note |
£ |
£ |
Fixed assets
Tangible fixed assets |
9 |
|
|
Current assets
Debtors |
10 |
|
|
Investments |
11 |
|
|
Cash at bank and in hand |
|
|
|
------- |
-------- |
||
|
|
||
Creditors: amounts falling due within one year |
12 |
|
|
------- |
-------- |
||
Net current assets |
|
|
|
------- |
-------- |
||
Total assets less current liabilities |
|
|
|
------- |
-------- |
||
Net assets |
|
|
|
------- |
-------- |
||
Funds of the charity
Unrestricted funds |
|
|
|
------- |
-------- |
||
Total charity funds |
13 |
|
|
------- |
-------- |
||
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of trustees
and authorised for issue on
15 February 2023
, and are signed on behalf of the board by:
|
Trustee |
|
Company Limited by Guarantee |
Notes to the Financial Statements |
Year ended 30 June 2022
1.
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Rockside House, Long Newnton, Tetbury, GL88XA, England.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
Fund accounting
Incoming resources
Resources expended
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
- |
|
|
Impairment of fixed assets
Financial instruments
4.
Limited by guarantee
The liability of the members is limited by guarantee.
5.
Donations and legacies
Unrestricted Funds |
Total Funds 2022 |
Unrestricted Funds |
Total Funds 2021 |
||
£ |
£ |
£ |
£ |
||
Donations
Donations |
12,795 |
12,795 |
14,832 |
14,832 |
|
-------- |
-------- |
-------- |
-------- |
||
6.
Net expenditure
Net expenditure is stated after charging/(crediting):
2022 |
2021 |
|
£ |
£ |
|
Depreciation of tangible fixed assets |
100 |
100 |
---- |
---- |
|
7.
Independent examination fees
2022 |
2021 |
|
£ |
£ |
|
Fees payable to the independent examiner for:
Independent examination of the financial statements |
644 |
350 |
---- |
---- |
|
8.
Trustee remuneration and expenses
No salaries or wages have been paid to employees, including members of the executive committee, during the year.
9.
Tangible fixed assets
Equipment |
Total |
|
£ |
£ |
|
Cost |
||
At 1 July 2021 and 30 June 2022 |
|
|
---- |
---- |
|
Depreciation |
||
At 1 July 2021 |
|
|
Charge for the year |
|
|
---- |
---- |
|
At 30 June 2022 |
|
|
---- |
---- |
|
Carrying amount |
||
At 30 June 2022 |
|
|
---- |
---- |
|
At 30 June 2021 |
|
|
---- |
---- |
|
10.
Debtors
2022 |
2021 |
|
£ |
£ |
|
Prepayments and accrued income |
|
|
------- |
-------- |
|
11.
Investments
2022 |
2021 |
|
£ |
£ |
|
Other investments |
2 |
2 |
---- |
---- |
|
12.
Creditors:
amounts falling due within one year
2022 |
2021 |
|
£ |
£ |
|
Accruals and deferred income |
|
|
Other creditors |
|
|
------- |
------- |
|
|
|
|
------- |
------- |
|
13.
Analysis of charitable funds
Unrestricted funds
At 1 July 2021 |
Income |
Expenditure |
At 30 June 2022 |
|
£ |
£ |
£ |
£ |
|
General funds |
10,819 |
12,795 |
(17,750) |
5,864 |
-------- |
-------- |
-------- |
------- |
|
At 1 July 2020 |
Income |
Expenditure |
At 30 June 2021 |
|
£ |
£ |
£ |
£ |
|
General funds |
13,775 |
14,832 |
(17,788) |
10,819 |
-------- |
-------- |
-------- |
-------- |
|
14.
Analysis of net assets between funds
Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
||
Tangible fixed assets |
302 |
302 |
|
Current assets |
9,200 |
9,200 |
|
Creditors less than 1 year |
(3,638) |
(3,638) |
|
------- |
------- |
||
Net assets |
5,864 |
5,864 |
|
------- |
------- |
||
Unrestricted Funds |
Total Funds 2021 |
||
£ |
£ |
||
Tangible fixed assets |
402 |
402 |
|
Current assets |
13,889 |
13,889 |
|
Creditors less than 1 year |
(3,472) |
(3,472) |
|
-------- |
-------- |
||
Net assets |
10,819 |
10,819 |
|
-------- |
-------- |
||