Financial Statements 41n Canvey Island Sea Scout Group Charity Regthtion No. 1068037 4th Canvey Island Sea Scout Group Trustees, Report and Financial Statements For the Year Ended 31 March 2024 1of13 Financial Staterr£r 41h Canvey I$￿K1 ￿ &x*rt Group Charty Registration No. 1068037 Legal and Administrative Infonnation for vear ended 31 March 2024 Vacant Barbara Hardy Emma O'connor Jill Bennett Elizabeth Kemp (Chairperson) {Group Scout Leader) (rreasurer) (Secretary) Scoutors B. Hardy B. Hardy D. Kell D. Kell S. Edwards S. Edwards J. Dulieu V. Goodhew Group Scout Leader ('GSL") Squirrels Drake Beaver Colony Nelson Beaver Colony Smokey Mountsin Cub Pack Stone Mountain Cub Pack Scout Troop Columbus Explorers Commlttoe Offlc•rn B. Hardy Vacant E. O'connor J. Bennett E. Kemp S. Baker L. Bvworth A. Card D Smart S Edwards J Dulieu J Dockerill J Bateman l Goodhew V Goodhew GSL Chairperson T￿aSurer Secretary Charlty Number 1068037 Meetinglcontact Addrvas The Scouting Centre 23 Blackthome Road Canvey Island Essex SS8 78J Independent Examln•r lan Knott 2of13 Financial Statements 4Th Canvey Island Sea Scout Group Charity RegistratKin No. 1068037 Contents Trustees. Report Independent Examiners ReFX)rt Statement of Financial Activibes Balance Sheet Notes to the Accounts 3of13 Financial Statements 4th Canvey Island Sea Scout Group Chanty Registration No. 1068037 Trustees Report for the Year Ended 31 March 2024 The trustees present tr*ir report and accounts for ￿ year ended 31 March 2024. The accounts have been prepared in accordance with the accounting poliC￿S set out in note 1 to the accounts and comply with the charty's governing documenc the Charities Act 2011 and the Statement of Recommended Pracb'ce, 'Accounting and Reporting by Charities., issued in March 2015. Structure, Governance & Management The charty is registered with the Scout Assooatson as a Sea Scout Group and was registered as a charity from 10lh February 1998. The trustees who served during the year were. B. Hardy Vacant E. Kemp J. Bennett E. O'connor GSL Chairperson Secretary Treasurer The group's scouting activities are under the overall control of the GSL. Responsibility for the various age groups is delegated to the relevant section leaders, who report to the GSL. The other activities and management are the responsibilty of the Committee who are elected annualty at the Annual General Meeting ("AGM'). The trustees have assessed the major risks to which the charity is exposed and are satisfied that there are systems in place to mitigate exposure to said risks. Objectives & Actlvities The charity's objective is to encourage the physical, rrental and spiritual deVel0pff￿t of young people so that they may take a constructive place in society. The aim to provide scouting activibes to all of its group rrerr*)ers. Flnanclal Review The overall net worth ofthe Scout Group in the year under review shows a balance sheet value as at 31 March 2024 of £127,676. The cash held has decreased by £11,741 compared to 2022123. However. taking into consideration the debtor and creditor that exists the net reduction ￿ current assets is £5,666. The asset ￿lSter detailing the propety held by the group in the hall, compound and camping equipment has continued to be updated during the year with SOTr￿ new equiprnent purchased for the benefit of the Group's members. The Group's activities this year have continued well. Subscriptions are healthy and membership is strong. Gift Aid totalling £2,541 has been reclaimed in the 2023r24 yeai. Parents need to be reminded to elect for gift aid as this has dropped despite subscripts'ons rising. 4of13 Financial Statements 4th Canvey Island Sea Scout Group Financial results show that the Group has sufficient funds available for the charitv to continue with all ITS objectives for the fo￿Seeable future due to the continuing hard work of the Management Committee. However, the Group will need to review its strategtes to ensure that Group supported activities are sustsinable. It is the policy of the charity that Unrestr￿ funds, those funds not designated for a specific purpose, should be maintained at a level equivalent to behveen three and six months. expenditure. The trustees consider that reserves at this level will ensure tha( in the event of a S￿nifiCant drop in funding. they will be able to continue the charity's activities whilst consideration is given to ways in which additional fvnds may be raised. This level of reserves has been maintained throughout the yeaf. On behalf of the board of trustees. Charity Registration No. 1068037 mrfR o)co-4NtrL 8 . 4-. FtfFeD v Trustse: Dated: h13al 5of13 Financial Statements 4th Canvey Island Sea Scout Group Chaiity Regislration No. 1068037 i)wtrllw9trnknN). 1coay37 Ind nl Examlnef $ otheT 4LhC Islan I rejort u) the armints o: tr* charity ycor end￿j 31￿ Marth 2024. wfycb aro spt ryjt c>n 7 . 13. R•¥ponxaJilities artd b4$1$ Of Y•po A8 Ihe ¢hwity 5 pj ￿£1￿Y1st1fj lor trp. pr#)3rat￿ ￿ thè ' Cord￿¢8 with the requinMert5 of GtwrtiBs JlL12C11 rts l ry)rt kn rub1￿4 of my *kYAMT￿l￿￿ cé the Chanvs wed c￿1 ufKler 4fjc1￿ 145 of the LO",1 Actwmj tn cwryng (MJI ry ex£￿IDat￿, I have 11 ￿p￿rnb10 Direct￿$ grw by the Cfwity Commiss¥in ￿je[ 14*5Xbl of th6 AL*. I have L'(xYwleted my AX￿mInatI￿ l LO.thI t1￿ w materMI I￿att￿S havg CQM my allèntH￿ ￿ C()nncctbfm wilh eXamInat￿ ¥•thtyth m& tD hfth'eve th*. IIK a)y tn*nal YeJFecl • lie acriwnlry Yeconls ¥•Er* kopt in llcc Net current •••ets 21,954 28,016 Total a88Ot• le88 currnnt Il•billii 127.709 144,567 Incom• Fund• Restricted fund8 13 105.556 117,030 Unrestrlcted Funds 14 22.153 27,537 127,709 144.567 8of13 Financial Stately￿s 4th Canvey Island Sea Scout Group Charity Registration No. 1068037 Notes to the Accounts for the Y ar Ended 1. Acc￿￿k¥a Policles 1.1 Basis of Prnparation The accounts have been prepa￿ under the hiknical cost convention. 1•1 IAarch 2024 The accounts have been prepared in accordance wllh the applicable accounting standards. the Statement of R￿0MMended Practice, Accourting & Reporting by Charities". issued in October 2019 and the Charities Act 2011. 1.2 Incoming Resourc Investment incorne is accounted for on a received basis. Donations, gifts and lottery funds capable of financial r￿aSurerrnnt are accounted for when receivable. 1.3 Resources Expend•d Resources used are allocated to direct charitable expenditure, support costs and administration on a specific basis. 1.4 Tanglblo Flxed AsMts and Depr￿latIon Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over ts expected useful life, as follows-. Leasehold propety Camping equipment Boating equipment Motor vehicles Over a 28 year term 10% reducing baHnce 10% reducing balance 10% reducing balance 1.5 Taxatlon The Group is exempt from income and capital gains The group beneffts from claiming gift aid where applicable. 2. Donatlon8 and Lega¢i08 Funds Funds Totsl 2024 Total 2023 Donations & gtfts 659 9of13 Financial Statements 4th Canvey Island Sea Scout Group Charity Registration No. 1068037 3. Actlvities for Generating Furkts 2024 2023 Activities generatir@ funds 5.513 Recèlpts actlvlties generating fund8 5.793 5,513 4. Invo•tment Incom• 2024 2023 Interest receivable 31 S. Incomlng RMource8 from Charftabl• Actfvitl•• 2024 2023 Subscriptions Camps activittes 20.157 18.7W2 other Other Sale of g(￿XIS 3.142 26.991 21,934 6. Other Incoming Resources 2024 2023 Nel 9ain on dispos* of r￿ed assets 318 r&cNeredlgfft aid 2.541 2.541 3.371 10of13 Financial stat￿ 4th Canvey Is&aMI Sea Scout Group Charity Registration No. 1068037 7. Total ReS￿￿C•* Expendgd Total Total 2023 2024 CO￿ d activitses for 6.931 Charltablo actlvltl•• Direct ¥itss undertak8n 8,813 Support Costs 31.539 44.734 6,727 53.531 13,658 Dlrect Support Admln Co8ts T¢)tal Total 2024 2023 215 2.146 5.341 3.212 4.378 11.753 11.753 2.195 10.745 1242 12,121 1.215 2.(K80 1.242 6,382 31.506 37.888 32.449 11of13 Financial Statements 4th Canvey Island Sea Scout Group Charity Registration No. 1068037 9. Truste 10. Employe There were no employees during th6 year. 11. Tanglblo Fixed Asgots Land & Bullding• BoatlnW0th0r Camplng Equlpment Equiwont IAotor Vohlclo• Furnthire & Equlpment Total Co•t At 1 April 2023 Addition8 Disposals At 31 March 2024 18.830 28,7iJ) 3,416 358 338,538 957 19,429 26.7(Kl 3.774 339,495 Oepreclatlon At 1 April 2023 On dlsposals Charge for the year ..at 31 March 2024 160.890 37,￿1 11.653 11,104 221,987 7.780 313 11,753 168.670 39.013 12.431 12.664 233,740 Net book val At 31 March 2024 70.016 11.893 14, 2.812 105,755 At 31 March 2023 77,798 13.215 7.177 15,596 2,767 116,551 12. Debtors Sections &075 6,075 12￿13 Inancial Statements 4th Canvey Island Sea Scout Gr￿p Charity Registration No. 1068037 2024 2023 .￿boree fundraising 13. R08trictod Fund8 on irust for Spe￿fiC pury)oses". Mov•ment In Fun(i* B•lan￿ at 1 IKomlng Aprfl 2023 Balance at 31 Maffh 2024 operty Boatslequipment Motor vehicle 77.796 7,780 2.413 70.016 23,159 15,596 21,703 14,0>4. 116,551 11,753 105.755 14. Analy818 of Net As•ots betw••n FurKI• Unrestrlctad Fund• Fund• Funds balance at 31 arch 2024 are r8pr8senl8d by Tangible fixed assets Current assets Debtors Creditors 105,722 197 105.722 16275 6,075 396) 127,676 16.078 6.075 ) ( 105.523 Y2.153 13of13