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2020-12-31-accounts

NORTH LONDON SCOUT DISTRICT Inde￿ndent Audltor's RÈportto th*Trusttss of North London Scout District Page 5 In prep8rlng the financlal statemonts, tho Twstee8 are responsible for assessing the Charity's ability to ontinue as a going conc8rn, disclosing, 8$ applicable, matters related to going ¢oncern and using the going concem basis of accounting unless the Trustees either intend to liquidate the Chartty or to cease operations, or have no realistic alternative but to do so. Audltorfs r•sponslbllltl•s for th• audlt of the financial statements We have been appointed as auditor und8r sèction 1443 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our objectives are lo obtain reasonablg assurance about whether the financial statements as a whole are free from material misstatement. whether du& to fraud or èrmr. and to issu6 an auditors report that indudes our opinion. Reasonable assurance is a high level of assurance, bul Is not a guarantee that an audit conducted in accordance with ISAS (UK) wll always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users tsken on the b8s1s of these finana81 $18temenls. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, lo delect material misslalements in respect of Irregularities, including fraud. The spedfic procedures for thSs engagement and the extent to which these are capable ol detecting irregularities. Including fraud is detailed below.. DIscus8ions wlth management, indud5ng ¢onskler8Uon of knovm or suspected irn818nces of not complianca wth laws and regulations and fraud.. Evaluation of the effectiveness of managemants contrds dÈsignad to prevent and dÈtect irregukrities; gnd Identi￿ng and testing signthcant manual joumal entries and reviewing assumptions and judgements made by management in makn'ng signrficanl actsjunting eslimales. Because of the inherent limitation8 of an audit, there is a risk that we wtll not detect all i￿egularitieS, including those leading to a material m(sstalemenl in the finan￿al statements or non-complianc& with regulation. This risk In￿eaSe$ moTe that compliance wtth a law or regulation is removed from tre events and transactions reflected in the finanual statements. as we will be less likely to become aware of instances of non-complian￿. The risk is also greater regarding irregularities occurring due to fraud rather than e￿Or. as fraud involv8s intentional concealment. forgery. collusion, omission or misrepresentation. A further descriplon of our ￿SpOnsibl1]tieS is available on the FSnancial Reporting Coundl's website at.. https'.Ilww.frc.org.uklOur-WorkJAudiUAudil-and-assurancelStandards-and-guidance/Standards-and- guidanc&for-auditor51Auditors-responsibilthes-for-auditlDescription-of-audilorB-responsibilities-for- 8udit.88px. This description forms part of our auditols report. Use of our report This report is made solely to the Charity's Trustees. as a body. in accordancewith Part4 of the Charities (Accounts and RepoTtsI Regulations 2008. Our audit work has been undertaken so that we might state to thts Charity's Trusloas thoso matters wo ar¢ rèquired lo slate to them in an auditorfs report and for no other purpose. To the fullest extent parmitted by law. w6 do not acc&pt or assum8 r8sponsibllity to 8nyone other than the Charity and Ihg Gharity's Trustees as a body, for our audit work, for this report, or for the opinions we have formed. NA Assoclates LLP Chartered Certified Accountants statutory Auditor Woodgate Studlos, 2-8 Games Road. Cockfosters. Hertfordshire, EN4 9HN Date.. NA Asso(#ates LLP is aligible to 8Ct as an auditor in terms of secbon 1212 ofthe Companies Act 2006

Unrestricted Funds Restricted TOTAL TOTAL
General Designated
2020 2019
E E
Incoming Resources (Notes 28 3)
Income and endowments from:
Donations
and legacies		 68,721 29,746 0 98,467 54,146
Charitable
activities		 12,910 963 0 13,873 184,408
Other trading
activities		 20,618 4,318 0 24,936 140,408
Investments 24,609 0 0 24,609 28,204
Other 138 0 138 3 664
Total 126,996 35,027 0 162,023 410,830
Resources expended
(Notes		 4-6)
Expenditure
on:
Raising funds 7,921 0 0 7,921 66,033
Charitable
activities		 186562 63511 0 250 073 462 232
Total 194,483 63,511 0 257,994 528,265
Net income I(expenditure) before (67,487) (28,484) 0 (95,971) (117,435)
investment
gains I(losses)
Net gains I(losses) on investments (Note 8.1) 70.991 0 70,991 198,853
Net income I(expenditure) 3504 28484 0 24 980 81 418
Net movement
in funds
Reconciliation
offunds:
Total funds
brought
forward		 3,167,895 55,664 12,137 3,235,696 3,154,278
Total funds carried forward 3,171,399 27,180 12,137 3,210,716 3,235,696

Unrestricted
Funds
General
Designated		 Unrestricted
Funds
General
Designated		 Restricted TOTAL
2020		 TOTAL
2019
Fixed assets E
Tangible assets 7 1,665,915 0 1,665,915 1,619,214
Investments 8.1 1,347,766 0 1,347,766 1,276,775
Total fixed assets 3,013,681 0 3,013,681 2,895,989
Current assets
Stocks
Debtors
Investments
Cash at bank and in hand
Creditors: amounts
falling due within		 9
10
8.2
11		 14,553
19,420
94,841
77,795
206,609		 0
4,916
22,264
0
27,180		 0
0
12,137
0
12,137		 14,553
24,336
129,242
77,795
245,926		 13,460
14,603
278,633
131,291
437,987
one year 12 (48,891) 0 (48,891) (98,280)
Total assets less current liabilities 157,718 27,180 12,137 197,035 339,707
Net Assets 3,171,399 27,180 12,137 3,210,716 3,235,696
Funds ofthe Charity
General
Unrestricted
Designated
Unrestricted
Restricted
Total funds		 3,171,399
13
0
14
0
3,171,399		 0
27,180
0
27,180		 0 3,171,399 3,167,895
0
27,180
55,664
12,137
12,137
12,137
12,137 3,210,716 3,235,696

NORTH LONDON SCOUT NORTH LONDON SCOUT NORTH LONDON SCOUT DISTRICT Page 11
Notes to the accounts for the year ended 31 December 2020
(continued) 2020 2019
f f
3 Donations and legacies
Membership
subscriptions		 / grants 59,400 59,855
Less paid to HQ / County (59,400) (59,765)
Net included
in		 resources expended 90
Donations / Grants 35,015 600
Job Retention
Scheme grants		 18,346 0
Contribution to repairs 0 0
Gift in kind - work on trees 15,360 17,300
68,721 17,900
Restricted fund 0 0
Designated funds Explorers 29746 36246
98,467 54,146
Charitable activities
Sectional events 1,655 3,663
Scout Park camping
and activities		 8,475 44,966
Rammey
Island		 2780 1 968
12,910 50,597
Designated funds Explorers 963 133811
13873 184408
Other trading activities
Hire charges for functional fixed assets 13,987 66,751
Vending
machine		 294 1,907
Uniform/badges shop sales 6,337 25,781
Pantomime 0 14,847
20,618 109,286
Designated funds Explorers 4,318 31,122
Restricted funds 0 0
24,936 140,408
Investment
income
Bank interest 1,165
Dividends 609 2,980
Property
rent		 24,000 24,000
Sundry 0 0
24,609 28,145
Restricted funds 0 59
24,609 28,204
NORTH
LONDON SCOUT DISTRICT		 NORTH
LONDON SCOUT DISTRICT		 NORTH
LONDON SCOUT DISTRICT		 NORTH
LONDON SCOUT DISTRICT		 Page 12
Notes to the accounts for the year ended 31
December 2020 (continued)
4 Resources expended 2020 2019
F
Raising funds
Shop purchases 3,838 24,404
Letting fees 3,902 3,456
Pantomime 0 26,019
Vending
machine stock		 181 1,677
7,921 55,556
Designated
expenses		 0 10,477
7,921 66,033
Charitable
activities
Section events/District camp 994 22,733
Legal fees 2,139 2,425
Training costs 0 632
Staff costs 74,282 66,802
Advertising
8 marketing		 0 250
Computer
8 OSM costs		 2,816 2,658
Subscriptions
(voluntary		 income note 3) 0 0
Property expenses 58,869 155,217
Property services Holloway Road 5,380 4,440
Rammey
island rent		 1,213 893
Insurances 17,300 15,217
Printing
postage and stationery		 314 495
Telephone
& internet		 3,110 2,969
Audit and Accountancy expenses (see below) 10,216 2,920
DC expenses
travelling		 etc. 110 2,322
General expenses 612 1,363
Equipment
maintenance		 4,777 11,619
Credit card and bank charges 768 931
Grants 262 3,000
Depreciation 3,400 3,266
186,562 300,152
Designated
funds Explorers		 63,511 161,990
Restricted
funds		 0 90
250,073 462,232

6 Staff costs 2020 2020 2019
F E
Gross salaries and benefits in kind 70,272 62,987
Staff training etc. 0 414
Pension 2,750 2,249
Employers
National		 Insurance 1,201 1,152
74,223 66,802
Average
number
of full time equivalent
employees —3(2019 —3). No employee
earned more than F60,000.
7 Tangible fixed assets
Land & Equip. Total
Buildings F&F 2020 2019
F. F.
Brought forward 1,588,033 99,073 1,687,106 996,930
Additions 47,285 2,816 50,101 690,176
Disposals (7,560) (7,560)
Balance carried forward 1,635,318 94,329 1,729,647 1,687,106
Depreciation
Balance brought forward 0 67,892 67,892 64,626
Charge for the year 0 3,400 3,400 0
Disposals 0 (7,560) (7,560) 3,266
Balance carried forward 0 63,732 63,732 67,892
Net book value
Brought forward 1,588,035 31,181 1,619,216 932,304
Carried forward 1,635,318 30,597 1,665,915 1,619,214

(continued) (continued) Pag e 14
8.1 Fixed asset investments Investment Total
Listed Properties 2020 2019
E E
Carrying (market) value at
beginning ofthe year 726,775 550,000 1,276,775 1,709,326
Additions at cost /
Withdrawals 0 0 0 (631,404)
Net gain / (loss) on revaluation 70 991 0 70991 198853
Carrying value at end of year 797,766 550,000 1,347,766 1,276,775

urrent asset investmen ts
2020
F		 2019
f
COIF Deposit Accounts District 118,791 268,210
Coiling
/ Samaritan		 5,183 5,170
Eric Lark 5,268 5,253
129,242 278,633
ck
2020 2019
E E
Badges and shop miscellaneous 14,553 13,460

editors
and accruals
2020 2019
E
Money held on behalf ofgroups 741 809
Taxation and social security 840 1,228
Other creditors 47,310 96,243
48,891 98,280
Balance Incoming Outgoing Balance
brought carried
Explorer Units forward forward
Wild Wolf 23,438 32,158 46,561 9,035
Tottenham 3,928 2,717 2,661 3,984
Highgate
/ Hornsey		 21,243 (5,063) 7,306 8,874
Kings Cross 2,927 2,393 1,199 4,121
Seventurers 310 885 1,034 161
Andromeda 1,784 22 483 1,323
Argo 2,034 1,915 4,267 (318)
55,664 35,027 63,511 27,180
Balance Incoming Outgoing Balance
brought carried
forward forward
E
Eric Lark Memorial 4,463 0 0 4,463
Samaritan/Coiling. 5,084 0 0 5,084
Skip Adams 2,590 0 0 2,590
12,137 0 12,137

Fixed Investments Net Current Total
Assets
General Fund 1,665,915 1,347,766 157,718 3,171,399
Designated 0 0 27,180 27,180
Restricted 0 0 12,137 12,137
1,667,197 1,347,766 197,035 3,210,716

Unrestricted Funds Restricted TOTAL
General Designated
2019
F
Incoming
Resources
Income and endowments from:
Donations
and legacies		 17,900 36,246 0 54,146
Charitable
activities		 50,597 133,811 0 184,408
Other trading
activities		 109,286 31,122 0 140,408
Investments 28,145 0 45 28,204
Other 3,664 0 0 3,664
Total 209,592 201;179 59 410,830
Resources expended
Expenditure
on:
Raising funds 55,556 10,477 0 66,033
Charitable
activities		 300,152 161,990 90 462,232
Total 355,708 172,467 90 528,265
Net income I(expenditure) before (146,116) 28,712 (31) (117,435)
investment
gains I(losses)
Net gains
/ (losses) on investments		 198,853 0 198,853
Net income I(expenditure) 52 737 28712 31 81 418
Net movement
infunds
Reconciliation
offunds:
Total funds
brought
forward		 3,115,158 26,952 12,168 3,154,278
Total funds carried forward 3,167,895 55,664 12,137 3,235,696