CHARITY REGISTRATION NUMBER: 1123832
Glendon District Scout Council Unaudited Financial Statements
31 March 2024
DAVID KELLAND FCA
Chartered accountants Independent Examiner Meadows & Co Limited Headlands House 1 Kings Court Kettering, Northants NN15 6WJ
Glendon District Scout Council
Financial Statements
Year ended 31 March 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 |
Page 1
Glendon District Scout Council
Trustees' Annual Report
Year ended 31 March 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details Registered charity name Glendon District Scout Council Charity registration number 1123832 Principal office Woodcroft Scout Centre London Road Kettering Northamptonshire NN15 6NQ The trustees Mrs J Barton Mr B Brooks (Resigned 1 July 2023) Mr P A Candlin Mr R Clarke Mr T Filsak Mr J Haigh (Resigned 2 January 2024) Mr G Patrick Mr L Richardson (Resigned 2 January 2024) Mrs K Sloan Mr S K Wildman (Resigned 23 June 2023) Mr D Winfield (Resigned 2 January 2024) Mrs L Wildman (Resigned 23 June 2023) Mr N Ingram (Appointed 1 August 2023) Mr M Phipps (Appointed 6 January 2024) President J Saunders Watson Vice Presidents Mrs S Brear P Hollobone T Purslove Revd. H Wakefield-Carr T Wayman B Weston
District registration number with the Scout Association: 14515
Independent examiner David Kelland FCA Independent Examiner Meadows & Co Limited Headlands House 1 Kings Court Kettering, Northants NN15 6WJ
Page 2
Glendon District Scout Council
Trustees' Annual Report (continued)
Year ended 31 March 2024
Structure, governance and management
Governing document
The Charity was established by Royal Charter dated 4 January 1912 as amended by supplemental charters dated 28 March 1949, 18 February 1959, 5 May 1967 and 19 July 1991. The Charity was registered with the Charity Commission on 23 April 2008.
Organisation
Details of the Trustees during the year are set out on page 1. Trustees comprise the District Officers, elected and nominated members, appointed in accordance with the Policy Organisation and Rules of the Scout Association.
Objectives and activities
To promote the development of young people in achieving their full physical, social and spiritual potential: as individuals, as responsible citizens and as members of their local, national and international communities. To provide leadership, advice and support for scout groups within the Glendon District boundaries.
The District provides active scouting for young people (from 4 years upwards) and adults i.e. squirrels beavers, cubs, scouts, explorer scouts, network and scout active support units.
Public Benefit
The Trustees of the Glendon District Scout Council confirm that they have had regard to the Charity Commission's guidance on public benefit and consider that their activities comply with the criteria stated in that guidance on public benefit and consider that their responsibility to ensure that the benefits offered are realised in the District by promoting all aspects of scouting within the area, both in membership and in the wider community. The aim is as set out in the Objectives and Activities above and membership for both young people and leaders is voluntary, and the organisation believes in being fair, open and inclusive.
Achievements and performance
The administration of Glendon District consists of two distinct entities:
-
The District Trustee Board - with its sub-committees of Finance, Appointments and Scout Shops. Their responsibilities are outlined and membership of each committee is determined.
-
The District Team - all the ADC's both sectional and specialist; Youth, Explorer and Network Commissioners; SASU Managers and Training Manager - all report and are answerable to the District Commissioner who links with the District Trustee Board and the County Team. The above positions, their members and their overall responsibilities are documented.
Page 3
Glendon District Scout Council
Trustees' Annual Report (continued)
Year ended 31 March 2024
Achievements and performance (continued)
The Transformation Program is still rolling, very slowly on but hasn't really made a lot of progress yet. It is envisaged that it will roll out quite quickly this year.
We have not embarked on any major improvements to Woodcroft, but we are looking at the future of the garages in the car park as they are in poor condition and something needs to be done.
Woodcroft and the grounds have been kept in very good order and the trustees would like to thank the hard work and commitment of the Woodcroft SASU for doing this work. The trustees would also like to thank the Woodcroft Manager for ensuring all the repairs, inspections, and servicing has been carried out according to the relevant statutory and regulatory requirements.
The recent annual Scout Census returned positive growth in both Young People and Volunteer membership and the District is recovering well post-pandemic. As normal activities resume, the District Team have been reviewing District Events and Activities and how they integrate into a balanced programme for Youth members. This is ongoing and will continue throughout the coming year.
Although we have had to close 2 Groups recently, we have welcomed a whole new Section into the District, with the opening of the first Squirrel Dreys. As momentum grows amongst other Groups, we are excited to see many more 4-6yr olds begin their Scouting journey over the coming year.
Work has begun on sorting through decades-worth of accumulated equipment so that outdated or damaged equipment can be removed from the inventory and replaced where necessary with modern and relevant equipment, according to need.
During uncertain times as we head into significant changes to the foundations of the movement, we would like to thank all of our volunteers for their patience and understanding whilst we get to grips with the changes in our governance and our team structures. Despite the challenges they have maintained the quality of provision to our Young People.
Nathan Ingram Glendon District Lead Volunteer
Financial review
This year we have made a small surplus of income over expenditure, this is despite a huge rise in the cost of our energy which saw an increase from around £7,000 during the previous financial year to over £16,000 this year. This energy contract has now expired and we are now on a much better rate which will be reflected in next years accounts. However, this has increased the operating cost of Woodcroft to around £34,000.
The bank balances remain healthy and we have not had to dip into savings, this is mainly due to an increase in commercial lettings for Woodcroft. The current account stands at £30,000, Shawbrook at £25,000, and Epworth at £69,000. We don't envisage much change in the lettings situation but we will be reviewing the lettings rates.
Page 4
Glendon District Scout Council
Trustees' Annual Report (continued)
Year ended 31 March 2024
The trustees' annual report was approved on 14 October 2024 and signed on behalf of the board of trustees by:
Mr T Filsak Trustee
Page 5
Glendon District Scout Council
Independent Examiner's Report to the Trustees of Glendon District Scout Council
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of Glendon District Scout Council ('the charity') for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
David Kelland FCA Independent Examiner
Independent Examiner Meadows & Co Limited Headlands House 1 Kings Court Kettering, Northants NN15 6WJ
14 October 2024
Page 6
Glendon District Scout Council
Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 7,333 | 7,333 | 1,081 |
| Charitable activities | 5 | 37,275 | 37,275 | 43,511 |
| Other trading activities | 6 | 54,731 | 54,731 | 47,087 |
| Investment income | 7 | 3,330 | 3,330 | 1,459 |
| -------------------------------- | -------------------------------- | ---------------------------- | ||
| Total income | 102,669 | 102,669 | 93,138 | |
| ================================ | ================================ | ============================ | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of other trading activities | 8 | 34,768 | 34,768 | 27,792 |
| Expenditure on charitable activities | 9,10 | 57,076 | 57,076 | 80,167 |
| Other expenditure | 12 | 2,575 | 2,575 | – |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 94,419 | 94,419 | 107,959 | |
| ================================ | ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net income/(expenditure) and net movement in funds | 8,250 | 8,250 | (14,821) | |
| ================================ | ================================ | ================================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 291,579 | 291,579 | 306,400 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 299,829 | 299,829 | 291,579 | |
| ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 15 form part of these financial statements.
Page 7
Glendon District Scout Council
Statement of Financial Position
| 31 | March 2024 | ||||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible fixed assets | 17 | 112,202 | 115,324 | ||
| Current assets | |||||
| Stocks | 18 | 33,570 | 32,306 | ||
| Debtors | 19 | 6,678 | 1,646 | ||
| Investments | 20 | 95,203 | 93,345 | ||
| Cash at bank and in hand | 127,165 | 122,217 | |||
| -------------------------------- | -------------------------------- | ||||
| 262,616 | 249,514 | ||||
| Creditors: amounts falling due | |||||
| within one year | 21 | 74,989 | 73,259 | ||
| -------------------------------- | -------------------------------- | ||||
| Net current assets | 187,627 | 176,255 | |||
| -------------------------------- | -------------------------------- | ||||
| Total assets less current liabilities | 299,829 | 291,579 | |||
| -------------------------------- | -------------------------------- | ||||
| Net assets | 299,829 | 291,579 | |||
| ================================ | ================================ | ||||
| Funds of the charity | |||||
| Unrestricted funds | 299,829 | 291,579 | |||
| -------------------------------- | -------------------------------- | ||||
| Total charity funds | 22 | 299,829 | 291,579 | ||
| ================================ | ================================ |
These financial statements were approved by the board of trustees and authorised for issue on 14 October 2024, and are signed on behalf of the board by:
Mr T Filsak Trustee
Mrs K Sloan Trustee
The notes on pages 8 to 15 form part of these financial statements.
Page 8
Glendon District Scout Council
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Woodcroft Scout Centre, London Road, Kettering, Northamptonshire, NN15 6NQ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Page 9
Glendon District Scout Council
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Page 10
Glendon District Scout Council
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
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:
| Leasehold property | - | 10% straight line |
|---|---|---|
| improvements | ||
| Fixtures and fittings | - | 25% reducing balance |
| Equipment | - | 25% reducing balance |
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations and Fund Raising | 6,355 | 6,355 | 843 | 843 |
| Donations - Scout Post | 978 | 978 | 238 | 238 |
| ----------------------- | ----------------------- | ----------------------- | ----------------------- | |
| 7,333 | 7,333 | 1,081 | 1,081 | |
| ======================= | ======================= | ======================= | ======================= |
Page 11
Glendon District Scout Council
Notes to the Financial Statements (continued)
Year ended 31 March 2024
5. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Gang Shows | 4,248 | 4,248 | – | – |
| Section Activities | 17,565 | 17,565 | 25,383 | 25,383 |
| Lettings | 15,462 | 15,462 | 18,128 | 18,128 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 37,275 | 37,275 | 43,511 | 43,511 | |
| ============================ | ============================ | ============================ | ============================ |
6. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Membership Subscriptions | 23,139 | 23,139 | 14,197 | 14,197 |
| Scout Shop income | 31,592 | 31,592 | 32,890 | 32,890 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 54,731 | 54,731 | 47,087 | 47,087 | |
| ============================ | ============================ | ============================ | ============================ | |
| Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 3,330 | 3,330 | 1,459 | 1,459 |
| ======================= | ======================= | ======================= | ======================= |
7. Investment income
8. Costs of other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Scout shop costs | 25,785 | 25,785 | 27,792 | 27,792 |
| Glendon Gang Show | 8,983 | 8,983 | – | – |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 34,768 | 34,768 | 27,792 | 27,792 | |
| ============================ | ============================ | ============================ | ============================ | |
| Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Scout centre | 17,589 | 17,589 | 43,742 | 43,742 |
| Support costs | 39,487 | 39,487 | 36,425 | 36,425 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 57,076 | 57,076 | 80,167 | 80,167 | |
| ============================ | ============================ | ============================ | ============================ |
9. Expenditure on charitable activities by fund type
Page 12
Glendon District Scout Council
Notes to the Financial Statements (continued)
Year ended 31 March 2024
10. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Scout centre | 17,589 | 37,388 | 54,976 | 78,067 | |
| Governance costs | – | 2,100 | 2,100 | 2,100 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| 17,589 | 39,488 | 57,076 | 80,167 | ||
| ============================ | ============================ | ============================ | ============================ | ||
| 11. | Analysis of support costs | ||||
| Scout centre | Total 2024 | Total 2023 | |||
| £ | £ | £ | |||
| Staff costs | 8,390 | 8,390 | 7,646 | ||
| Premises | 19,370 | 19,370 | 12,768 | ||
| Communications and IT | 808 | 808 | 4,273 | ||
| General office | 8,665 | 8,665 | 9,538 | ||
| Finance costs | 155 | 155 | 99 | ||
| Governance costs | 2,100 | 2,100 | 2,100 | ||
| ---------------------------- | ---------------------------- | ---------------------------- | |||
| 39,488 | 39,488 | 36,424 | |||
| ============================ | ============================ | ============================ | |||
| 12. | Other expenditure | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Woodcroft SASU funds | 2,575 | 2,575 | – | – | |
| ======================= | ======================= | ============== | ============== | ||
| 13. | Net income/(expenditure) | ||||
| Net income/(expenditure) is stated after charging/(crediting): | |||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 3,367 | 3,591 | |||
| ======================= | ======================= | ||||
| 14. | Independent examination fees | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 2,100 | 2,400 | |||
| ======================= | ======================= | ||||
| 15. | Staff costs |
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
Page 13
Glendon District Scout Council
Notes to the Financial Statements (continued)
Year ended 31 March 2024
16. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
17. Tangible fixed assets
| Freehold | Plant and | Fixtures and |
|||
|---|---|---|---|---|---|
| property | machinery | fittings |
Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 April 2023 | 99,501 | 50,134 | 1,678 |
7,820 | 159,133 |
| Additions | – | – | – |
245 | 245 |
| Disposals | – | – | (1,678) |
– | (1,678) |
| ---------------------------- | ---------------------------- | ----------------------- | ----------------------- | -------------------------------- | |
| At 31 March 2024 | 99,501 | 50,134 | – |
8,065 | 157,700 |
| ============================ | ============================ | ======================= | ======================= | ================================ | |
| Depreciation | |||||
| At 1 April 2023 | – | 37,121 | 1,678 |
5,010 | 43,809 |
| Charge for the year | – | 2,602 | – |
765 | 3,367 |
| Disposals | – | – | (1,678) |
– | (1,678) |
| ---------------------------- | ---------------------------- | ----------------------- | ----------------------- | -------------------------------- | |
| At 31 March 2024 | – | 39,723 | – |
5,775 | 45,498 |
| ============================ | ============================ | ======================= | ======================= | ================================ | |
| Carrying amount | |||||
| At 31 March 2024 | 99,501 | 10,411 | – |
2,290 | 112,202 |
| ============================ | ============================ | ======================= | ======================= | ================================ | |
| At 31 March 2023 | 99,501 | 13,013 | – |
2,810 | 115,324 |
| ============================ | ============================ | ======================= | ======================= | ================================ |
A valuation of the Woodcroft property was undertaken in January 2013 by Barnes Noble Edwards and this stated that the "current existing use value" for accounting purposes is £275,000. The trustees consider that there has been no material change since this date.
18. Stocks
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Finished goods and goods for resale | 33,570 | 32,306 | |
| ============================ | ============================ | ||
| 19. | Debtors | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Trade debtors | 6,678 | 1,646 | |
| ======================= | ======================= |
Included in Trade debtors is a loan to Ise Valley Group. This is an interest free loan and is repayable by annual instalments of £1,000 per year, of which £412 is repayable in more than one year.
Page 14
Glendon District Scout Council
Notes to the Financial Statements (continued)
Year ended 31 March 2024
20. Investments
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Shawbrook Bank | 25,602 | 25,576 |
| Epworth Investment Management Affirmative | 69,601 | 66,336 |
| Scout Association Short Term Deposit | – | 1,433 |
| ---------------------------- | ---------------------------- | |
| 95,203 | 93,345 | |
| ============================ | ============================ | |
| Creditors: amounts falling due within one year | ||
| 2024 | 2023 | |
| £ | £ | |
| Trade creditors | 72,589 | 70,859 |
| Accruals and deferred income | 2,400 | 2,400 |
| ---------------------------- | ---------------------------- | |
| 74,989 | 73,259 | |
| ============================ | ============================ |
21. Creditors: amounts falling due within one year
22. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At | 31 March 20 | |||
| 1 April 2023 | Income | Expenditure | 24 | |
| £ | £ | £ | £ | |
| General funds | 281,770 | 102,669 | (94,419) | 290,020 |
| Marquee | 4,809 | – | – | 4,809 |
| Expedition | 5,000 | – | – | 5,000 |
| -------------------------------- | -------------------------------- | ---------------------------- | -------------------------------- | |
| 291,579 | 102,669 | (94,419) | 299,829 |
|
| ================================ | ================================ | ============================ | ================================ | |
| At | ||||
| At | 31 March 20 | |||
| 1 April 2022 | Income | Expenditure | 23 | |
| £ | £ | £ | £ | |
| General funds | 296,591 | 93,138 | (107,959) | 281,770 |
| Marquee | 4,809 | – | – | 4,809 |
| Expedition | 5,000 | – | – | 5,000 |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | |
| 306,400 | 93,138 | (107,959) | 291,579 |
|
| ================================ | ============================ | ================================ | ================================ |
Page 15
Glendon District Scout Council
Notes to the Financial Statements (continued)
Year ended 31 March 2024
23. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2024 | |
| £ | £ | |
| Tangible fixed assets | 112,202 | 112,202 |
| Current assets | 262,616 | 262,616 |
| Creditors less than 1 year | (74,989) | (74,989) |
| -------------------------------- | -------------------------------- | |
| Net assets | 299,829 | 299,829 |
| ================================ | ================================ | |
| Unrestricted | Total Funds | |
| Funds | 2023 | |
| £ | £ | |
| Tangible fixed assets | 115,324 | 115,324 |
| Current assets | 249,514 | 249,514 |
| Creditors less than 1 year | (73,259) | (73,259) |
| -------------------------------- | -------------------------------- | |
| Net assets | 291,579 | 291,579 |
| ================================ | ================================ |
24. Other financial commitments
Rentals are payable at £24.75 per annum for the remainder of the lease of land - 43 years from 1st March 2024.