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Registered Charity 1156779
N
ACCOUNTS
ORTH LONDON SCOUT DISTRICT
ANNUAL TRUSTEES REPORT AND
For the year ended 31 December 2021
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## **NORTH LONDON SCOUT DISTRICT** **Page 1** ## **Annual Trustees Report for the year ended 31 December 2021** **Registered charity number 1156779** The Trustees present their Annual Report and Accounts of the North London Scout District for the year ended 31 December 2021 prepared in accordance with the Charity’s Commission’s _Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS102)_ (the “SORP”). ## **EXECUTIVE COMMITTEE AND CHARITY TRUSTEES EX OFFICIO MEMBERS** Chairman Brian Hosier MBE to 13.06.21 Stephen Way from 13.06.21 District James Clarke Commissioner from 01.01.21 District Secretary Vacant District Treasurer Brian Hosier from Explorer Scout 13.06.21 Commissioner Nick Conduit to 13.6.21 Network Commissioner **ELECTED MEMBERS** Dan Sheeh an Chris Hunt to 13.6.21 Ian Green to 13.6.21 Elliott Moore Leah Garrad from 13.6.21 Peter Lahoud from 13.6.21 Mohamud Salad from 13.6.21 **NOMINATED MEMBERS** D en ni s Ro w en Jo hn W al ke r C hri s Th or pe Pa ul Sy m on s Co nn or H ol m es La yl a Ca rin a Wi lli a m s Th o m as Gr ah a m ## **Co-opted members** Chris Hunt Ben Hardcastle Angie Illman ## **OTHER TRUSTEES** The freehold/leasehold sites of all property are held in trust by The Scout Association Trust Corporation. **BANKERS** 288 Green Lanes, London N13 5GA National Westminster General Fund Bank PLC 85 Queen Victoria Street CCLA EC4V 4ET Deposit monies ## **CONTACT AND PRINCIPAL ADDRESS** The District Headquarters is situated at Scout Park, Gordon Road, London N11 2PB and all correspondence can be sent to this address. ## **STATUS AND ADMINISTRATION** The Charity is registered with the Charity Commissioners under Charity Number 1156779. Although a separate Charity, constitutionally the Charity falls under the umbrella of the Scout Association and, therefore, conducts its affairs in accordance with the Rules and Guidelines laid down in Policy, Organisation and Rules, set by the Scout Association. Some Trustees are ex officio due to the office they hold and others are elected or nominated at the Annual General Meeting of the District Scout Council. The day to day activities of the Charity are managed by the Trustees, who include the ex officio members, and supported by many volunteers. Trustees are appointed based on their skill and expertise in a certain field relevant to the Charity. On appointment they are inducted and made aware of their general responsibilities under charity law. **NORTH LONDON SCOUT Page 2 DISTRICT** **Annual Trustees Report (continued)** **for the year ended 31 December 2021** ## **STRUCTURE, GOVERNANCE & MANAGEMENT** The District is led by the District Commissioner (DC) who is supported by the District Team, comprising all assistant District Commissioners, Youth Commissioners and the Explorer Scout Commissioner. The Charity Trustees are deemed to be the members for the time being of the District Executive Committee, members of which are, in part, elected by the District Scout Council and part nominated by the District Commissioner. The District Scout Council to whom the Executive Committee is accountable is made up of all members of the District, administrators and advisors. The District Executive Committee is responsible for: - Promoting the development of Scouting in the District. - Acting with the District Commissioner in all matters relating to finance and property. - Appointing annually a District Adult Appointments Advisory Sub Committee and such other Sub Committees as the Committee may require. - Presenting an annual report and annual statement of accounts to the Annual General Meeting of the District Scout Council. ## **AIMS AND OBJECTIVES** The District is part of the Greater London North Scout County which provides Scouting to young people in the London Boroughs north of the River Thames. The District's objective is to promote the development of young people in achieving their full physical, intellectual, social and spiritual potentials as individuals, as responsible citizens and as members of their local, national and international communities. The District seeks to achieve this objective by providing leadership, advice and support for the Scout groups and the Explorer Scout Units that make up the District. Activities which are appropriate for a District to organise are provided on a regular basis as requested by the groups who make up the District. In planning our activities for the year we kept in mind the Charity Commission 's guidance on public benefit at our trustee meetings. Public benefit was provided by the Charity in the period through the activities noted above. ## **SAFEGUARDING POLICY** The Charity seeks to create and maintain a safe and secure environment for all members, volunteers and visitors to our facilities and groups. The Charity is fully committed to safeguarding all children, young people and adults at risk that come into contact with our work. We will take every reasonable step to ensure that children, young people and adults at risk are protected in the delivery of all programmes. We will respond promptly and appropriately to all allegations, suspicions and reports of abuse. The Charity does not carry out significant fund raising activities. ## **ACHIEVEMENTS / PERFORMANCE AND FUTURE DEVELOPMENTS** As of January 1st 2021, James Clarke, took on the role of District Commissioner for North London Scouts. He is excited to be leading the district to further success and looking to expand Scouting opportunities to reach more young people across North London. The district vision states that we will become "the flagship district for metropolitan Scouting", underpinning the mission to ensure we are "shaping and evolving Scouting for the diverse communities of North London". At the Ramsay Centre in Holloway Road, we continue to see growth in use by local Scout groups and has provided a location for groups who have lost their previous location due to Covid. At Scout Park we have our brand new Sheridan Hall, which stands tall and proud. Unfortunately the national lockdown came soon after the opening so there was only a brief period we could benefit from this additional facility. When outdoor meetings were allowed a robust risk assessment was put in place and the Park divided into three distinct and separate areas to allow the maximum safe use by member groups. Some of the activities have been curtailed whilst further risk assessments are being implemented. The park is now in constant use by hundreds of young people since the return of face to face Scouting. Rammey Island continues to see growth in use and further work into promoting this area, perhaps with another neighbouring District, will be looked at over the coming year. Due to Covid restrictions many of our groups and units continued scouting on line but numbers of young people saw a decrease of around 23%, which is slightly below the national average of the UK Scouting average. This was very much expected but at the time of writing, we are already starting to see record numbers of young people wanting to now join Scouting. We are also looking forward to a trial of a new younger section. ## **FUNDRAISING** The District does not normally get involved in fundraising from the public and during 2021 no such activities could take place. In normal times the only such income would be from Explorer Units with occasional bag packing at local supermarkets in exchange for a voluntary donation. One unit does normally organise a firework party for which they sell tickets, mainly to the family of members. ## **NORTH LONDON Page 3 SCOUT DISTRICT** ## **Annual Trustees Report (Continued)** **For the year ended 31 December 2021** ## **PRINCIPAL RISKS AND** ## **UNCERTAINTIES** The Trustees have examined the principal areas of the Charity's operations and considered what major risks may arise in each of these areas. In the opinion of the Trustees the Charity has established resources and systems which, under normal circumstances, should allow the risks identified by the Trustees to be mitigated to an acceptable level in its day to day operations. The major risks are considered to be those of safeguarding and of security of all investments. COVID-19 presents significant uncertainty for the Charity. In the short-term it has severely limited the Charity's ability to deliver its charitable objectives, though many groups continue to offer scouting online. Additionally, COVID-19 has substantially reduced our income. Fundraising is mainly done by the Explorer Units to support their activities and with the current restrictions very little was raised in 2021. We have sufficient reserves to cover lost income in the short to medium term and are confident that our operations can be restructured to be financially sustainable if income levels from scouting or commercial use do not recover for a prolonged period. The impact of COVID-19 on long term numbers of youth members and adult volunteers is unknown. Significant reductions in these numbers would reduce the Charity's impact and put significant financial pressure on our member groups. We are confident that our dedicated leadership will rise to the challenge and mitigate the impact of any reductions in membership, but this represents a significant uncertainty for the Charity over the coming year. ## **FINANCIAL** Our annual income was £268,651 (£162,023 in 2020) with nearly 35% being raised by the Explorer Units to finance their activities. The substantial increase was both in our income from users of our premises and in our activities. There was a surplus of £87,453 (a surplus of £3,504 in 2020) on Unrestricted General Funds including a gain of £163,733 (gain of £70,991 in 2020) in the value of our quoted investments and investment property. The Designated Funds are the Explorer Units and they spent £20,242 less than they received in this year (£28,484 more spent in 2020) as they had returned to a more normal pattern of activities. The Explorer Units within the Designated Fund have balances to carry forward and in total £47,422 (£27,180 for 2020). In addition a new Designated Fund has been created with a transfer of £25,000 this year to start to provide for the future replacement/redevelopment of our existing functional buildings. We were pleased to receive government grants and we made use of the Government Job Retention Scheme so that we could continue to pay our staff during the year. With an overall increase in funds of £132,695 we believe the District remains in a strong financial position although we recognize the increase in Fixed Assets including Investments which can go down in value due to circumstances outside our control. ## **FIXED ASSETS** The Charity holds substantial properties as functional assets. Most of these properties have been owned for many years and are included in the financial statements at cost, including amounts spent on improvements over the years. **RESERVES POLICY** The Trustees have considered the funds currently available to the District of £73,825 (£157,718 in 2020). These funds have reduced substantially due to the new building but are still considered adequate for normal circumstances. This represents 17 weeks of normal expenditure which is considered satisfactory. ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP 2019 and FRS 102; - make judgments and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue to operate. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on 25 May 2022 and signed on their behalf by Stephen Way Stephen Way... ... . CHAIRMAN ## **NORTH LONDON SCOUT DISTRICT** ## **Independent Auditor's Report to the Trustees of North London Scout District Page 4** ## **Opinion** We have audited the financial statements of North London Scout District (the 'Charity') for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements numbered 1-21, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the Charity’s affairs as at 31 December 2021, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Charities Act 2011. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The other information comprises the information included in the Trustees Annual Report, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: the information given in the financial statements is inconsistent in any material respect with the Trustees’ report; or  the Charity has not kept adequate accounting records; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of Trustees** As explained more fully in the Trustees’ responsibilities statement set out on page 3, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. ## **NORTH LONDON SCOUT DISTRICT** ## **Independent Auditor's Report to the Trustees of North London Scout District Page 5** In preparing the financial statements, the Trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so. ## **Auditor’s responsibilities for the audit of the financial statements** We have been appointed as auditor under section 1443 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will 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 taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below: - Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud: - Evaluation of the effectiveness of managements controls designed to prevent and detect irregularities; and - Identifying and testing significant manual journal entries and reviewing assumptions and judgements made by management in making significant accounting estimates. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-andassurance/Standards-and-guidance/Standards-and-guidance-for-auditors/Auditorsresponsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx. This description forms part of our auditor’s report. **Use of our report** This report is made solely to the Charity’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charity’s Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed. ## **NA Associates LLP** Chartered Certified Accountants Statutory Auditor Woodgate Studios, 2-8 Games Road, Cockfosters, Hertfordshire, EN4 9HN Date: 14 October 2022 NA Associates LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006 **NORTH LONDON SCOUT DISTRICT Statement of Financial Activities for the year ended 31 December 2021** **Page 6** |
**Incoming Resources (Notes 2 & 3)**
**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
**Total**
**Resources expended (Notes 4-6)**
**Expenditure on:**
Raising funds
Charitable activities
250,073
Total
**Net income / (expenditure) before**
**Transfer between funds**
**investment gains / (losses)**
Net gains / (losses) on investments (Note
8.1)
**Net income / (expenditure)**
(24,980)
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted Funds**
**Restricte**
**d**
**TOTAL**
**TOTAL**
**General**
**Designated**
**2021**
**2020**
**£**
**£**
**£**
**£**
**£**
77,387
38,905
0
116,292
98,467
24,800
48,559
0
73,359
13,873
49,980
5,859
0
55,839
24,936
23,161
0
0
23,161
24,609
0
0
0
0
138
175,328
93,323
0
268,651
162,023|**Unrestricted Funds**
**Restricte**
**d**
**TOTAL**
**TOTAL**
**General**
**Designated**
**2021**
**2020**
**£**
**£**
**£**
**£**
**£**
77,387
38,905
0
116,292
98,467
24,800
48,559
0
73,359
13,873
49,980
5,859
0
55,839
24,936
23,161
0
0
23,161
24,609
0
0
0
0
138
175,328
93,323
0
268,651
162,023| |---|---|---| |||| |||16,097
0
0
16,097
7,921
210,511
73,081
0
283,592
226,608
73,081
0
299,689
257,994| |||| |||(51,280)
(25,000)
20,242
25,000
0
0
(31,038)
0
(95,971)
0
163,733
0
0
163,733 70,99
1| |||87,453
45,242
0
132,695
3,171,399
27,180
12,137 3,210,716
3,235,696
3,258,852
72,422
12,137 3,343,411
3,210,716| |||| The notes on pages 8 to 18 form part of these financial ## statements All income and expenditure derives from continuing activities. The statement of financial activities includes all gains and losses recognised during the year. See note 21 for the 2020 Statement of Financial Activities. **Page 7** ## **NORTH LONDON SCOUT DISTRICT** ## **Balance Sheet as at 31 December 2021** |||**Unrestricted Funds**|**Unrestricted Funds**|**Restricted TOTAL**|**Restricted TOTAL**|**TOTAL**| |---|---|---|---|---|---|---| |**Note**||**General**|**Designated**||**2021**|**2020**| |||**£**|**£**|**£**|**£**|**£**| |**Fixed assets**||||||| |**Tangible assets**|7|1,673,52|0|0|1,673,52|1,665,91| |||8|||8|5| |**Investments**|8.1|1,511,49
9|0|0|1,511,49
9|1,347,76
6| |**Total fxed assets**||3,185,02|0|0|3,185,02|3,013,68| |||7|||7|1| |**Current assets**||||||| |**Stocks**|9|14,877|0|0|14,877|14,553| |**Debtors**|10|31,401|0|0|31,401|24,336| |**Investments**|8.2|8,304|58,816|12,13|79,257|129,242| |||||7||| |**Cash at bank and in hand**|11|45,815|13,606|0|59,421|77,795| |||100,397|72,422|12,13|184,956|245,926| |||||7||| |**Creditors: amounts falling due**||||||| |**within**||||||| |**one year**|12|(26,572)|0|0|(26,572)|(48,891)| |**Total assets less current**||73,825|72,422|12,13|158,384|197,035| |**liabilities**||||7||| |||||||| |**Net Assets**||3,258,85|72,422|12,13|3,343,41|3,210,71| |||2||7|1|6| |**Funds of the Charity**||||||| |General Unrestricted||3,258,85|0|0|3,258,85|3,171,39| |||2|||2|9| |Designated Unrestricted|13|0|72,42|0|72,422|27,180| ||||2|||| |Restricted|14|0|0|12,137|12,137|12,137| |**Total funds**||3,258,85|72,42|12,137|3,343,41|3,210,71| |||2|2||1|6| The notes on pages 8 to 18 form part of these financial statements Approved and authorised for issue by the Trustees on 10 May 2022 and signed on their behalf: ## **Stephen** **Way** Chairman **For the year ended 31 December 2021** **NORTH LONDON SCOUT DISTRICT** **Notes to the accounts** ## **1 Basis of preparation** ## **Page 8** ## **1.1Basis of accounting** North London Scout District is an unincorporated charity registered in England and a public benefit entity under FRS 102. The financial statements have been prepared in Sterling (£) the functional currency, rounded to the nearest £1, and are for the stand alone charity only. These accounts have been prepared on the basis of historic cost modified by the revaluation of investments to market value in accordance with: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, FRS 102 and with the Charities Act 2011. ## **1.2Going concern** These accounts have been prepared on a going concern basis. The Trustees have considered a period of twelve months from the date of approval of the financial statements. Covid-19 has had a major impact on face to face activities but many of our groups and units remain in contact with their members and activities continue where possible. We believe we have the resources both financial and in leadership to recover from this set back. The Charity has a strong balance sheet and therefore expects to continue for the foreseeable future. ## **1.3Critical accounting estimates and areas of judgement** The Charity Trustees have made estimates and assumptions concerning the future. The estimates and assumptions that have a significant risk of causing a material adjustment to the value of the carrying amounts and liabilities within the next financial year include the valuation of fixed assets, investments and properties. ## **2 INCOMING RESOURCES** ## **Recognition of incoming resources** These are included in the Statement of Financial Activities (SOFA) when - 1 the Charity becomes entitled to the resources; - 2 the Trustees consider it is probable that the Charity will receive the resources; and - 3 the monetary value can be measured with sufficient reliability. ## **Membership subscriptions** Members subscriptions collected on behalf of other parts of the Scout Movement are reported in the SOFA net of any amount paid out. This is because these subscriptions are in effect held by the Charity as agents before being paid out. ## **NORTH LONDON SCOUT DISTRICT** ## **Notes to the accounts** ## **Page 9** **For the year ended 31 December 2021** ## **(continued)** ## **Incoming resources with related expenditure** When incoming resources have related expenditure (as with fundraising) the incoming resources and related expenditure are reported gross in the SOFA. ## **Grants and donations** Grants and donations are only included in the SOFA when the Charity has unconditional entitlement to the resources. ## **Tax reclaims** All tax reclaims are included in the SOFA when received. ## **Volunteer help** The value of any voluntary help received is not included in the accounts in line with the SORP but is described in the Trustees' Annual Report. ## **Legacies** Entitlement is the earlier of the Charity being notified of an impending distribution, or the legacy being received, when income is recognised as being probable. ## **Investment income** This is included in the accounts when receivable. ## **Donated services** Donations received include an amount for work done on the trees at Scout Park to keep them safe and healthy. The amount was recognised in the financial statements in respect of services provided by a tenant in consideration for a lower rent charge and calculated at market rates. ## **Investment gains and losses** This includes any gain or loss on the sale of investments and any unrealised gain or loss resulting from revaluing investments to market value at the end of the year. ## **EXPENDITURE** ## **Liability recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out resources. ## **Support costs** Include all costs of the central functions not specifically allocated under other headings. ## **ASSETS** ## **Tangible fixed assets for use by the Charity** These are capitalised if they can be used for more than one year, and cost at least £1,000, or form part of a group of assets that exceeds £1,000. They are valued at cost or a reasonable value on receipt. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less residual value, over the useful **NORTH LONDON SCOUT DISTRICT Notes to the accounts** **Page 10** ## **For the year ended 31 December** ## **2021 (continued)** life. Depreciation is provided as follows:- Furniture and 10% written down value Equipment Land is not depreciated. For assets under construction, costs are recognised as contract activity progresses. Costs are determined by reference to the estimated value of certified works completed, where costs can be determined with reasonable certainty. Tangible fixed assets and their depreciation are reviewed and adjusted if appropriate where there is an indication of a significant change in the useful life since the last reporting date and there is additional impairment. ## **Investments** Investments quoted on a recognised stock exchange are valued at the year end at mid-market value. Other investment assets are included at Trustees' best estimate of market value. ## **Stocks** These are valued at the lower of cost or market value and include Irrecoverable VAT. ## **Current Asset Investments** The Charity has investments which it holds pending their sale and cash with a maturity date of less than one year. These are held for the short term in order to meet potential liabilities and grants. ## **Funds** Funds held by the Charity are Unrestricted - to be used in accordance with the charitable objects at the discretion of the Trustees. Designated - set aside by the Trustees from unrestricted funds for specific purposes e.g. Explorer Units (note 13) Restricted - funds to be used for a specific purpose as specified by the donor or under the terms of the receipt (note 14). ## **Taxation** As a registered charity no taxation is payable on nontrading activities and Capital Gains are exempt from CGT. VAT where applicable is paid and included in the accounts under the cost heading it relates to. ## **Debtors and Creditors Receivable / Payable within one year** Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. ## **Investment Properties** Investment properties are measured at fair value at each reporting date with changes in fair value recognised in net gains / losses in the SOFA. |**NORTH LONDON SCOUT DISTRICT**
**Notes to the accounts for the year ended 31**
**December 2021**
**(continued)**
**3** **Donations and legacies**
Membership subscriptions / grants
Less paid to HQ / County
Net included in resources expended
Donations / Grants
Job Retention Scheme grants
Contribution to repairs
Gift in kind - work on trees
Restricted fund
Designated funds Explorers
29,746
**Charitable activities**
Sectional events
Scout Park camping and activities
Rammey Island
Designated funds Explorers
**Other trading activities**
Hire charges for functional fxed assets
Vending machine
Uniform/badges shop sales
Pantomime
Designated funds Explorers
Restricted funds
**Investment income**
Bank interest
Dividends
Property rent
Sundry
Restricted funds||**Page 11**
**202**
**1**
**2020**
**£**
**£**
44,460
59,400
(44,460
)
(59,400)
0
0
62,596
35,015
8,331
18,346
0
0
6,460
15,360
77,387
68,721
0
0
38,905
116,292
98,467
2,478
1,65
5
19,832
8,475
2,490
2,780
24,800
12,910
48,559
963| |---|---|---| |||| |||| |||| |||| |||| |||| |||
73,359
13,873| |||35,475
13,987
172
29
4
14,333
6,337
0
0| |||49,980
20,618
5,859
4,318
0
0| |||55,839
24,936| |||15
0
0
609
23,146
24,000
0
0| |||23,161
24,609
0
0| |||23,161
24,609| ## **NORTH LONDON SCOUT DISTRICT Notes to the accounts for the year ended 31 December 2021 (continued)** ## **Page 12** |**4**|**Resources expended**|**2021**||**2020**| |---|---|---|---|---| |||**£**||**£**| ||**Raising funds**|||| ||Shop purchases|11,988||3,838| ||Letting fees|3,944||3,902| ||Pantomime|7||0| ||Vending machine stock|158||181| |||16,097||7,921| ||Designated expenses|0||0| |||16,097||7,921| ||**Charitableactivities**|||| ||Section events/District camp|1,649||994| ||Legal fees|3,563||2,139| ||Training costs|2,075||0| ||Staf costs|75,123||74,282| ||Advertising & marketing|0||0| ||Computer & OSM costs|2,526||2,816| ||Subscriptions|0||0| ||Property expenses|73,061||58,869| ||Property services Holloway Road|5,506||5,380| ||Rammey island rent|938||1,213| ||Insurances|20,522||17,300| ||Printing postage and stationery|549||314| ||Telephone & internet|3,130||3,110| ||Audit and Accountancy expenses (see below)|6,113||10,21| |||||6| ||DC expenses travelling etc.|469||1| |||||10| ||General expenses|36||612| ||Equipment maintenance|11,190||| ||||4,777|| ||Credit card and bank charges|790||76| |||||8| ||Grants|216||262| ||Depreciation|3,055||3,4| |||||00| |||210,511||186,562| ||DesignatedfundsExplorers|73,081||63,5| |||||11| ||Restricted funds|0||| |||||0| |||283,592||250,0| |||||73| (Audit fee included 2021:£4,750 (2020: £4,740) ## **5 Trustee expenses** The only payments to Trustees were to reimburse them for expenses paid mainly to the District Commissioner for travelling and similar costs and amounting to £469 (2020 £110). ## **NORTH LONDON SCOUT DISTRICT Notes to the accounts for the year ended 31 December 2021** **(continued)** |**6 Staf costs**
Gross salaries and benefts in kind
Staf training etc.
Pension
Employers National Insurance
Average number of full time
equivalent employees – 3 (2020– 3).
No employee earned more than
£60,000.|**2021**
**£**
70,791
845
2,746
741
75,123
**Page 13**| |---|---| ## **7 Tangible fixed assets** |Brought forward
Additions
Disposals
Balance carried forward
**Depreciation**
Balance brought forward
Charge for the year
Disposals
Balance carried forward
**Net book value**
Brought forward
Carried forward|**Land &**
**Equip.**
**Total**
**Buildings**
**F&F**
**2021**
**2020**
**£**
**£**
**£**
**£**
1,635,318
94,329 1,729,647
1,687,106
10,668
-
10,668 50,101
-
-
(7,560)|**Land &**
**Equip.**
**Total**
**Buildings**
**F&F**
**2021**
**2020**
**£**
**£**
**£**
**£**
1,635,318
94,329 1,729,647
1,687,106
10,668
-
10,668 50,101
-
-
(7,560)| |---|---|---| |||1,645,986
94,329 1,740,315
1,729,647| |||0
63,732
63,732
67,892
0
3,055
3,055
3,400
0
0 0(7,560)| |||0
66,787
66,787
63,732| |||1,635,318
27,542
1,673,528 1,619,2
16| |||| |||| |||1,645,986
27,542 1,673,528 1,665,91
5| The Charity holds leases for 999 years on the ground and first floor of the property at Holloway Road used as an activity centre and as a flat for a key worker. The properties are shown at the original cost of the site and improvements. A further flat at the same site is held on a 125 year lease as an investment. A garage at Alwyne Road London was gifted to the Charity in 1940. This is reflected in the financial statements at cost, representing legal fees paid. The freehold site of Scout Park is in the ownership of the Charity and is used as a functional asset. It is included at original cost and improvements net of impairment of buildings. ## **NORTH LONDON SCOUT DISTRICT** **Notes to the accounts for the year ended 31 December 2021 (continued) 14** ## **Page** |**8.1Fixed asset investments**||**Investment**|**Investment**|**Total**|| |---|---|---|---|---|---| ||**Listed**|**Properties**||**2021**|**2020**| ||**£**||**£**||**£**| |**£**|||||| |Carrying (market) value at|||||| |beginning of the year|797,766||550,000||1,276,77| ||||1,347,766||5| |Additions at cost /|||||| |Withdrawals
||0||0|0| ||||0||| |Net gain / (loss)onrevaluation|133,733||30,000||163,733| |70,991|||||| |Carrying value at end of year|931,499||580,000 1,511,499||| |1,347,766|||||| A freehold flat held for investment was revalued by the Trustees following advice from the managing agents. The historic cost of this property was £410,000 (2020 £410,000). ## **8.2Current asset investments** |COIF Deposit Accounts District
Colling / Samaritan
Eric Lark
**9 Stock**
Badges and shop miscellaneous
**10 Debtors**
Scout Park hire
Owed to shop
Other debtors and prepayments|**2021**
**2020**
**£**
**£**
68,805
118,791
5,184
5,183
5,268
5,268| |---|---| ||79,257
129,242| ||**2021**
**2020**
**£**
**£**
14,877
14,553| ||**2021**
**2020**
**£**
**£**
4,464
2,150
980
472
25,957
21,714| ||31,401
24,336| |**11 Cash at bank and in hand**
Cash at bank and in hand
Cash in hand and foats|**2021**
**2020**
**£**
**£**
58,921
77,245
500
550| |---|---| ||59,421
77,795| **NORTH LONDON SCOUT DISTRICT** **Page 15** ## **Notes to the accounts for the year ended 31 December 2021 (continued)** ## **12 Creditors and accruals** |**Creditors and accruals**|| |---|---| |Money held on behalf of groups
Taxation and social security
Other creditors|**2021**
**2020**
**£**
**£**
301
741
821
840
25,450
47,310| ||26,572
48,891| ## **13 Designated funds (see note 16 for 2020 comparative)** |**Explorer Units**
Wild Wolf
Tottenham
Highgate / Hornsey
Kings Cross
Seventurers
Andromeda
Argo|**Balance**
**brought**
**forward**
**Incomin**
**g**
**Outgoin**
**g**
**Balance**
**carried**
**forward**
**£**
**£**
**£**
**£**
9,035
58,760
42,468
25,327
3,984
6,751
6,635
4,100
8,874
15,397
10,358
13,913
4,121
6,347
8,665
1,803
161
1,275
663
773
1,323
0
1,323
0
(318)
6,751
4,927
1.506| |---|---| ||27,180
95,281
75,039
47,422| Explorer scouting is a district provision responsible to the district executive for all financial matters. Each unit has responsibility to raise funds and to be financially self supporting on a medium to long term basis. Funds raised by each unit are retained for use by that unit but in the event of closure would revert to the district general funds or be set aside to finance new or existing units. ## **Property replacement fund** **Balance Transfer Outgoing Balance brought carried forward forward £ £ £ £ Transactions** 0 25,000 0 25,000 This fund has been created to set aside funds for the replacement of our existing buildings. ## **14 Restricted funds (see note 17 for the 2020 comparative)** |Eric Lark Memorial
Samaritan/Colling.
Skip Adams|**Balance Incoming Outgoing Balance**
**brought carried**
**forward forward**
**£ £ £ £**
4,463
0
0
4,463
5,084
0
0
5,084
2,590
0
0
2,590
12,137
0
0
12,137| |---|---| **Page 16** ## **NORTH LONDON SCOUT DISTRICT Notes to the accounts for the year ended 31 December 2021** ## **(continued)** The Eric Lark Memorial Fund was set up in 1958 in memory of a former scouter and has been augmented since for similar reasons. The fund exists to provide grants to scouts under the age of 16 years to assist in respect of camp fees or uniform. The fund is managed by the District officers. The Samaritan Fund was set up in 1950 by the then District Commissioner to give financial assistance to any scouter, or former scouter, or spouse. The use of the fund is entirely discretionary at the disposal of the District Commissioner in consultation with the Chairman and/or Treasurer. The fund was amalgamated with the Collingham Fund in 2010 and it was resolved that in future grants would be made for those who did not qualify on grounds of age to benefit from the Eric Lark Memorial Fund. The Skip Adams Fund was set up many years ago in memory of a scouter from the former St. Pancras District. There is no formal trust document and the original intent; that the income be used to support Gang Shows and Camp Fires in the District, is now not relevant. The fund will be used to support scouting in the district and the Executive will make a proposal in due course as to the specific use. ## **15 Related parties** The freehold and leasehold sites are held in trust by the Scout Association Trust Corporation. ## **16 Designated funds (year ended 31 December 2020)** |Explorer Units
Wild Wolf
Tottenham
Highgate /
Homsey
Kings Cross
Seventurers
Andromeda
Argo
(318)|**Balanc**
**e**
**broug**
**ht**
**forward**
**Incomin**
**g**
**Outgoin**
**g**
**Balance**
**carried**
**forward**
**£**
**£**
**£**
**£**
23,438
32,158
46,561
9,035
3,928
2,717
2,661
3,984
21,243
(5,063)
7,306
8,874
2,927
2,393
1,199
4,121
310
885
1,034
161
1,784
22
483
1,323
2,034
1,915
4,267
55,664
35,027
63,511
27,180| |---|---| ## **NORTH LONDON SCOUT DISTRICT** ## **17** **Notes to the accounts for the year ended 31 December 2021 (continued) 17** ## **Restricted funds (year ended to 31 December 2020)** ## **Page** **Balance Incomin Outgoin Balance g g brought carried forward forward £ £ £ £** Eric Lark Memorial 4,463 0 0 4,463 Samaritan/Colling. 5,084 0 0 5,084 Skip Adams 2,590 0 0 2 , 590 ## **18 Future Commitments** There were no future commitments at the year end. ## **19Available unrestricted reserves** The funds available to the District comprise unrestricted funds of £3,258,852 but net of fixed assets of £2,253,528 and funds held for income generation of £931,499 a total of £73,825 (2020 £157,718). This represents 17 weeks of our expenditure on general unrestricted funds during the year and is considered satisfactory. ## **20** Analysis of Net Assets Between Funds |General
Fund
Designated
Restricted|Fixed
Investments
Net Current
Total
Assets
1,673,52
8
1,486,499
98,825
3,258,852
0 25,00
0
47,422
72,422
0
0
12,137
12,137| |---|---| ||1,673,52
8
1,511,499
158,384
3,343,411| **£ £ £ £** ## **NORTH LONDON SCOUT DISTRICT** ## **Notes to the accounts** ## **Page 18** ## **for the year ended 31 December 2021** ## **21 Statement of Financial Activities (for the year ended 31 December 2020)** |
**Incoming Resources**
**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
**Total**
**Resources expended**
**Expenditure on:**
Raising funds
Charitable activities
**Total**
**Net income / (expenditure) before**
**investment gains / (losses)**
Net gains / (losses) on investments
**Net income / (expenditure)**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted Funds**
**Restricte**
**d**
**TOTAL**
**General**
**Designated**
**2020**
**£**
**£**
**£**
**£**
68,721
29,746
0
98,467
12,910
963
0
13,873
20,618
4,318
0
24,936
24,609
138
0
0
0
0
24,609
138
126,996
35,027
0
162,023
7,921
0
0
7,921
186,562
63,511
0
250,073
194,483
63,511
0
257,994
(67,487)
(28,484)
0
(95,971)
70,991
0
0
70,991
3,504
(28,484)
0
(24,980)
3,167,895
55,664
12,137 3,235,696
3,171,399
27,180
12,137 3,210,716|**Unrestricted Funds**
**Restricte**
**d**
**TOTAL**
**General**
**Designated**
**2020**
**£**
**£**
**£**
**£**
68,721
29,746
0
98,467
12,910
963
0
13,873
20,618
4,318
0
24,936
24,609
138
0
0
0
0
24,609
138
126,996
35,027
0
162,023
7,921
0
0
7,921
186,562
63,511
0
250,073
194,483
63,511
0
257,994
(67,487)
(28,484)
0
(95,971)
70,991
0
0
70,991
3,504
(28,484)
0
(24,980)
3,167,895
55,664
12,137 3,235,696
3,171,399
27,180
12,137 3,210,716| |---|---|---| |||| |||| |||| |||| |||| |||| |||3,171,399
27,180
12,137 3,210,716|