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← Eaton Vale Scout & Guide Activity Centre Limited

2024-12-31-accounts

Charity registration number 1073816 (England and Wales) Company registration number 03659373

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr D Human (Resigned 31 January 2025)
Mr D I Callagham (Appointed 26 April 2024)
Mrs J C Little
Mr P Wright
Mr A Lupson
Mrs C R Gatehouse (Resigned 1 February 2025)
Mrs C Chapman (Resigned 1 February 2025)
Mr D Waters
Mr M Burrell
Mrs Y Kemp
Mrs F Hunter
Mrs S A Sinclair (Appointed 1 February 2025)
Charity number 1073816
Company number 03659373
Principal address Eaton Vale Scout & Guide Activity Centre
Church Lane
Eaton
Norwich
Norfolk
England
NR4 6NN
Independent examiner Sotos Christophi FCCA
Aston Shaw Limited
Chartered Certified Accountants
The Union Building, 51-59 Rose Lane
Norwich
Norfolk
England
NR1 1BY

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Statement of cash flows 8
Notes to the financial statements 9 - 19

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum and articles of association, the Companies Act 2006 and "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 Mission

The charity's objective is to operate a self-supporting primarily Outdoor Activity Centre that has Values that are in line with those of the Scout and Guide associations.

Our Mission has been agreed: -

To provide high quality challenging opportunities that build positive memories which support young people’s personal growth and development.

This will help them to grow to full maturity with greater confidence as individuals and as members of society, in the belief this will allow them to contribute more and find greater personal fulfilment.

FINANCIAL REVIEW

Trading Position

Although this is a financial review, it good to be able to report that we had a safe year with no significant or reportable incidents. Providing a safe and secure environment is core to every decision we take and safeguarding our guests and team is critical to all our financial decisions.

2024 was our 25[th] Anniversary year and it is pleasing to report that income from activities continued to grow after two good years that had seen a boost after Covid and the Fire, this gives us confidence that we continue to offer good value, with facilities and activities that suit a wide range of ages and groups, with many groups booking repeat visits.

Income from Charitable Activities grew to £601,389 from £530,114 in 2023 and we saw growth in all key areas.

We made good use of the 2023 kitchen improvements in Iceni House, having created the ability to offer a split of the accommodation in two, we had strong bookings for the peak months and in the future this should give us more opportunity to attract groups off peak and for one night sleepovers. We continued the conversion from tents to Chalets in the Alpine Village, these offer a better experience and are proving popular.

We also marked our 25[th] year by making a number of further improvements to the quality of the activities with upgrades to the Go Karting Track and to the Archery.

A surplus of £66,355 was a solid result although this did include £28,865 of rebate on Business Rates that will not repeat in future years.

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Reserves policy

The Trustees maintained the Policy set a year before to retain free reserves equivalent to the average of three months turnover. The aim is to protect the charity from uncertain events that could impact on Eaton Vale’s ability to keep trading. The current estimate for this figure is £42,000, and this was comfortably achieved.

Bookings to Accounting Systems Reconciliation

During the preparation of the Accounts for 2024 we found that some Bookings for the 2023 Year had been recorded twice due to our Cinolla and Xero systems not matching some Bookings with the Actual Event, this had no material effect on the actual Cash receipts but we have taken the opportunity to restate the 2023 Year End Accounts with corrected income data and we have worked on the interface between the systems to ensure the pre event Booking deposit ties in with the actual event and final payment.

Debt Management

This was well managed during the year. Our process of taking deposits and then the Balance just before the event, for almost all users, means we have a low risk of defaults, and is working well. At the year-end we have only a few normal invoices for end of year events to carry forward, so have no debts over 90 days.

Plans for future periods Outlook for 2025

The outlook is similar to the way we started 2024, we try to keep our Prices as affordable as possible to make us accessible to the widest possible user base, but we have some more significant increases in employment costs due to the change in adult threshold to the NLW/NMW being lowered and making National Insurance payments is now required for many of our seasonal team.

We cannot easily adjust prices as we commit our Pricing Plan almost 9 months ahead, whilst this reduces our flexibility to adapt pricing quickly, it does give our users certainty if they book/rebook early, and many do. It also allows us to plan better and use the Centre efficiently. The success of 2025 will rely on us getting effective Group sizes to fully occupy our accommodation and ensuring we have the team ready to support lots of Activity bookings. We have strong bookings for the early part of the year and hope our investments will pull in new users later in the year.

Our next big challenge, which may take years, is to add a significant new activity resource, that offers broader challenges with more excitement, development and learning opportunity and gives us greater capacity, but to achieve this we will almost certainly need some outside funding or donations.

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

It was incorporated on 29 October 1998 and registered as a charity on 3 February 1999. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and 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.

Structure and Management

The structure of a Trustee Board setting overall policy and oversight remains in place. It is at full strength from March 2024. The position of Independent Chair, who is also fulfilling the role of Line Manager to the Centre Manager, has been re-established, which should ensure effective communication and guidance for the management Team.

Induction and training of new trustees

New trustees are provided with copies of:

In addition trustees are encouraged to read Charity Commission and other newsletters, and to attend courses designed to keep them abreast of their duties and responsibilities.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs M Tancock Mr D I Callagham Mr D Human

Mrs W Human Mrs J C Little Mr P Wright Mr A Lupson Mr C R Gatehouse Mrs C Chapman Mr D Waters Mr M Burrell Mrs Y Kemp Mrs F Hunter Mrs S A Sinclair

(Appoinited 7 March 2024) (Resigned 7 June 2024) (Appointed 26 April 2024)

(Resigned 1 February 2025) (Resigned 1 February 2025)

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Recruitment and appointment of new trustees The Executive of Norfolk Scout Association and the Executive of the Norfolk County Guide Association, herein after called Girlguiding Norfolk, each appoint up to four trustees to manage Ihe business af the charity. The Guide County Commissioner and the Scout County Commissioner are ex-officio Iruslees in addition lo thes& 8 trustees. (The number of Iruslees may be varied by unanimous resolution of the members bul musl always consist of an equal number of Scout and Guide trustees). The Trustees al the November 29th 2023, rneeling, confirmed unanimously that going fO￿ard ideally in addition to the 4+1 representation from the 2 partners, we would have an Independent Chair plus 1 other should the needlbenefil arise e.g. with Financial or Marketing skills. Organisational structure The Iruslees have delegated the day-to-day running of the Activity Centre to a Centre Manager, who is assisted by a Deputy Centre Manager, four other 'senior permanent, team members, a seasonal team of instructors and by number volunteer specialist instructors who work as and when required. The Centre Manager is Susan Newton. Environment Last year was our first comment on our environmental impact, il is work in progress. We are all about being outside and using low impact resources lo deliver great activities. We work with the Rivers Authority to ensure we support their work on the river Yare. We manage our woodland carefully lo minimise impact and recycle or repurpose malerials and waste. Our Grounds maintenance uses no pesticides and natural control. In choosing Energy supplier, sustainable energy generation was a selection factor, and we have maintained our use of solar energy capture. Community Our 25th Anniversary allowed us lo hold an open evening lo non-users. the local community and others interested in what we do. We had a lot of good feedback and were able lo show what we do. We continue our association with Dandelion who operate an outdoor nursery and our continuing involvement with Finnbars Force a local charity produced an oulslanding open day and record receipts of over £10,000 for the Charily.11 was fantastic that so many of the specialist instructors who volunteer with us gave up a day lo not only support the charity bul also lo give so many families a very special day out. Related Parties Ealon Vale Scout & Guide Activity Centre Limited was established as a joint enterprise between the Norfolk Scout Association and Girlguiding Norfolk and are connected by virtue of trustee appoinlmenl5. Th rustees. repo was approved by the Board of Trustees. aters Mrs S A Sinclair Norfolk Scouts Chair Date: Dale.. Mrs Y Kemp Girlguiding Norfolk Date.. Mrs S A Sinclair was appointed lo the Board on 1 st February 2025 and has the title County Lead Volunteer, this title replaces the previous Title of County Commissioner, for Norfolk Scouts that had been held by David Human until his retirement from the role 31 sl January 2025.

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED I report to the trustees on my examination of the financial statements of Ealon Vale Scout & Guide Activity Centre Limilad {the charity} for Ihe year ended 31 December 2023. Responslblllties and basis of report As the trustees of the charity land also ils directors for the purposes of company lawl you are responsible for the preparation of the financial slatemenls in accordance with the requirements of the Companies Act 2006 Ilhe 2006 Acti. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of Ihe 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity s rinancial statements carried out under section 145 of the Charities Act 2011 (the 2011 Acll. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515}{b) of Ihe 2011 Act. Independent examiner's 5tatemont Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have comp181ed my examination. I confirm that no matters have com8 to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or the financial slalemenls do not accord with those records., or the financial slalemenls 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 the financial staleménls have not been prepared in accordance with the methods and principles of the Slalemenl of R8commended 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 IFRS 102}. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial slalemenls lo be reached. Sotos Chrislophi FCCA Aston Shaw Limited Chartered Certified Accounlanls The Union Building, 51-59 Rose Lane NO￿l¢h Norfolk NR1 1BY England Dated.. ao1061oD?5

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and legacies
3
-
-
Charitable activities
4
601,389
-
Other trading activities
5
22,731
-
Investments
6
11,259
-
Other income
7
28,865
-
Total income
664,244
-
Expenditure on:
Raising funds
8
10,491
-
Charitable activities
9
567,861
19,537
Total expenditure
578,352
19,537
Net income/(expenditure)
85,892
(19,537)
Transfers between
funds
-
-
Net movement in
funds
10
85,892
(19,537)
Reconciliation of funds:
Fund balances at 1 January
2024
369,285
597,744
Fund balances at 31
December 2024
455,177
578,207		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
-
10,000
-
601,389
530,114
-
22,731
18,933
-
11,259
10,685
-
28,865
-
-
664,244
569,732
-
10,491
6,541
-
587,398
517,198
35,654
597,889
523,739
35,654
66,355
45,993
(35,654)
-
(7,841)
7,841
66,355
38,152
(27,813)
967,029
331,133
625,557
1,033,384
369,285
597,744		 Total
2023
£
10,000
530,114
18,933
10,685
-
569,732
6,541
552,852
559,393
10,339
-
10,339
956,690
967,029

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED BALANCE SHEET AS AT31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets 15 712,468 713,463 Current assets Stock Debtors Cash al bank and in hand 16 17 11,400 26,867 304,868 8,318 21,138 251,306 343,135 280,762 Creditors: amounts falling due within one year 18 (22,2191 {27,196) Net Current assets 320,916 253,566 Total assets less Current liabilities 1,033,384 967,029 Income funds Restricted funds Unrestricted funds 19 578.207 455,177 597,744 369,285 1.033,384 967,029 The company is enlilled to the exemption from the audit requir&menl contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024. The directors acknowledge their responsibilities for Gornplying with the requirements of the Companies Act 2006 with r8specl to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial slatemenls for the year in question in a¢cordance with section 478. Thes8 financial slalemenls have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Th ancial slal ents were approved b the Trustees on MrD Chair aters Company registration number 03659373

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
Cash flows from operating activities
Cash generated from operations
22
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash used in investing activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
(28,877)
11,259		 £
71,177
(17,618)
-
53,562
251,306
304,868		 2023
£
(90,450)
10,685		 £
40,511
(79,765)
-
(39,254)
290,560
251,306

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

Eaton Vale Scout & Guide Activity Centre Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Eaton Vale Scout & Guide Activity Centre, Church Lane, Eaton, Norwich, NR4 6NN.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Long leasehold - 2% straight line
Short leasehold - 2% straight line
Leasehold improvements - 2% straight line
Fixtures and fittings - 25% reducing balance
Computers - 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Taxation

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

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

**Total ** Unrestricted
funds
2024 2023
£ £
Geoffery Watling Charity - 10,000
Income from charitable activities
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Use of facilities 601,389 530,114

4 Income from charitable activities

5 Other trading activities

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Shop income 16,981 12,933
Rental income 5,750 6,000
Other trading activities 22,731 18,933

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

6 Investments
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 10,685 2,459
7 Other income
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Other income - Norwich City Council 28,865 -
8 Raising funds
Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2024 2023
£ £
Shop costs
Opening stock 8,318 4,600
Purchases 13,573 10,259
Closing stock (11,400) (8,318)
10,491 6,541

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

9 Charitable activities Total costs of running the activity centre

Total
2024
£
Staff costs
229,281
Depreciation and profit/loss on disposal
29,869
Telephone & sundry
1,068
Travel
656
Subscriptions
1,573
Activities equipment
34,149
Accountancy
9,220
Legal & professional fees
2,057
Computer expenses
9,758
Maintenance
116,489
Light, heat, rates and water
27,930
Catering & offsite activities
74,686
Staff training
9,868
Major repairs
-
Pensions
2,886
Bank charges
1,867
Advertising, postage and stationery
2,447
Insurance
33,594
Bad debts
-
587,398
587,398
Analysis by fund
Unrestricted funds
567,861
Restricted funds
19,537
587,398
10
Net movement in funds
2024
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
29,870		 Total
2023
£
196,645
30,202
1,794
845
797
13,510
5,735
4,890
8,263
139,203
27,407
64,119
6,695
120
3,375
1,429
1,593
31,279
14,951
552,852
552,852
517,198
35,654
552,852
2023
£
30,202

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

11 Independent examination remuneration

2024 2023
£ £
Non-audit services
Independent Examination 3,851 3,410

12 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

13 Employees

The average monthly number of employees during the year was:

Number of admin staff
Number of seasonal staff
Total
Employment costs
Wages and salaries		 2024
Number
6
16
22
2024
£
229,281		 2023
Number
6
15
21
2023
£
196,645

There were no employees whose annual remuneration was more than £60,000.

14 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

15
Tangible fixed assets
Long
leasehold
£
Cost
At 1 January 2024
761,576
Additions
-
At 31 December 2024
761,576
Depreciation and
impairment
At 1 January 2024
321,239
Depreciation charged in the
year
15,232
At 31 December 2024
336,471
Carrying amount
At 31 December 2024
425,105
At 31 December 2023
440,337
16
Stock
Goods for resale
17
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 Short
leasehold
Leasehold
improvements
Fixtures and
fittings
£
£
£
126,349
199,042
257,156
-
28,877
-
126,349
227,919
257,156
63,596
18,103
229,627
2,527
4,370
6,882
66,123
22,473
236,509
60,226
205,446
20,647
62,753
180,940
27,529		 Computers
£
8,792
-
8,792
6,889
859
7,748
1,044
1,904
2024
£
11,400
2024
£
5,693
21,174
26,867		 Total
£
1,352,915
28,877
1,381,792
639,454
29,870
669,324
712,468
713,463
2023
£
8,318
2023
£
14,337
6,801
21,138

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

18 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
Trade creditors
Other creditors
Accruals		 2024
£
5,921
1,090
11,084
543
3,581
22,219		 2023
£
19,402
-
3,803
581
3,410
27,196

19 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1
Long Leasehold
Short Leasehold
Leasehold improvements
New build tower fund
Previous year:
At 1
Long Leasehold
Short Leasehold
Leasehold improvements
New build tower fund
New kitchen fund
Boat theft		 January
2024
Resources
expended
Transfers
At 31
December
2024
£
£
£
£
440,337
(15,232)
-
425,105
62,753
(2,527)
-
60,226
75,373
(1,778)
-
73,595
19,281
-
-
19,281
597,744
(19,537)
-
578,207
January
2023
Resources
expended
Transfers
At 31
December
2023
£
£
£
£
455,568
(15,231)
-
440,337
65,280
(2,527)
-
62,753
77,152
(1,779)
-
75,373
11,440
-
7,841
19,281
16,000
(16,000)
-
-
117
(117)
-
-
625,557
(35,654)
7,841
597,744		 January
2024
Resources
expended
Transfers
At 31
December
2024
£
£
£
£
440,337
(15,232)
-
425,105
62,753
(2,527)
-
60,226
75,373
(1,778)
-
73,595
19,281
-
-
19,281
597,744
(19,537)
-
578,207
January
2023
Resources
expended
Transfers
At 31
December
2023
£
£
£
£
455,568
(15,231)
-
440,337
65,280
(2,527)
-
62,753
77,152
(1,779)
-
75,373
11,440
-
7,841
19,281
16,000
(16,000)
-
-
117
(117)
-
-
625,557
(35,654)
7,841
597,744
597,744

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At
General funds
Previous year:
At
General funds		 1 January
2024
Incoming
resources
Resources
expended
£
£
£
369,285
664,244
(578,352)
1 January
2023
Incoming
resources
Resources
expended
£
£
£
331,133
569,732
(523,739)		 Transfers
At 31
December
2024
£
£
-
455,177
Transfers
At 31
December
2023
£
£
(7,841)
369,285

21 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 December 2024:
Tangible assets
134,261
578,207
Current assets/(liabilities)
320,916
-
455,177
578,207
Unrestricted
Restricted
funds
funds
2023
2023
£
£
At 31 December 2023:
Tangible assets
134,998
578,465
Current assets/(liabilities)
234,287
19,279
369,285
597,744		 Total
2024
£
712,468
320,916
1,033,384
Total
2023
£
713,463
253,566
967,029

EATON VALE SCOUT & GUIDE ACTIVITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

22 Cash generated from operations 2024 2023
£ £
Surplus for the year 66,355 10,339
Adjustments for:
Investment income recognised in statement of financial activities (11,259) (10,685)
Depreciation and impairment of tangible fixed assets 29,869 30,202
Movements in working capital:
(Increase) in stocks (3,082) (3,718)
(Increase)/decrease in debtors (5,729) 38,761
(Decrease) in creditors (6,067) (24,387)
Increase in deferred income 1,090 -
Cash generated from operations 71,177 40,512