NORTH LONDON SCOUT DISTRICT ANNUAL TRUSTEES REPORT AND ACCOUNTS For the year ended 31 December 2023 Reglstsred Chartty 1158779 NORTH LONDON SCOUT DISTRICT Page 1 Annual Trnsta•s Rèport forth• yaar and•d 31 Dèc8mb8r 2023 Rogl8tsred charfty number 1156779 The Tru81ees PTe8gnl thelr Annud R•port and Aceounts of tha North London Scout District for the year end 31 December 2023 prepared in accordan￿ ￿1th the Charity's Commission's Stat8ment of R8¢0mmer>ded Practicg (SORPJ "Accounling and Reporting by Charil￿S, (FRS102) (the 'SORP'I. TRUSTEE BOARD EX OFFICIO MEMBERS Chaimian District Cornm15slon D6p District Commissloner District Secretary District Trea$ur¢r Stsphenway Mandy Fr8nk8 Angle IIITnan to 20.09.23 Becc8 Smith 8rtan Hosiar Explorèr Seout Commlgsloner Vacant Netsvork Comrnissioner FltyriÉ Wèst OTHER MEMBERS Daniel Sheehan Elllott Moore Loah Garrad Peter Lghoud Mohamud Salah Abdirll8k Layla Hantoull C8rlna WThlllams Thomas Graham Ben Hardca3Ue Nid( Conduit Mark Lov811 to 21.09.23 to 21.06.23 from 21.C6.23 fr¢rn 21.06.23 OTHER TRUSTEES The freehofthieasehold 5kn of m051 of the property &re held in trust by Tho Scout As8odBtion Trust Corporatlon. BANKERS Na￿Ortal We$￿inSter Bank PLC 288 Green LAnes, London N13 5GA General FUTh CCLA One Angal L8ne London EC4R 3AB Dep03(t rnonio8 CONTACT AND PRINCIPAL ADDRESS The District Headquarter8 13 811¢J8ted al Scout Park, GO￿On Road. London N11 2PB and 811 cor￿Sponden￿ can be sent to thls add￿$s. STATUS AND ADMINISTRATION The Charlty is reglstered wth tho Charty Commissioners under Charity Numbgr 11￿779. Mthough 8 5epar&ta Charity, con8ttiuOonallythe Charity falls underthe umbrella ofthe Scout Assoaation and, therefore. Ixnducts Its aff8Srs in accordancewilh the Rules 8nd Guidelines lald down In Pollcy, Organisatlon and Rules, set bythe ScoutAssociabon. Sorne Trustees ar8 ex offiao du8 lo the office they hold and other5 are elected at the Annual General Meeting of the District ScA)Ut Council. Thg d8y to day actiwtias of the Charity arg managed by the Trustees, who i￿ude Ihe ex officio members, and supported by many vdunteers. NORTH LONDON SCOUT DISTRICT Pagè 2 Annual TTU8tees Rgport {conttnu•dl for the year ended 31 December 2023 Trustee5 are 8ppointed based on their skill ar¥J 8xpertise in a certain field relevant to the Charty. On appointment they arè inducted arKI made aware of their general responsibilrtses under charty law. STRLICTURE, GOVERNANCE & MANAGEMENT The Districi is led by ihe District C¢Mimissioner (DCI who is supported by the District Team, compT151ng all Deputy Dcs. assistsnt DCS, Youth Cornmissioners 8nd tr8 Explorer Scout cornmi5810ll8r. The Charity Trustees are the Members for thg time b8ing of the Trustee Board, m8rnbers of Mthich are elecied by the District Scout Council. The District Scout Counal 18 made up of all mgmbers of the DL8trlct, *lmlnlstrators aTh advisors. The o￿triCt Trustee Board is currenuy responsible for. Promoting th8 dèv8lopm&nt of Scouting in the D￿kn¢t Actiro ￿th Ihe District Commissioner in all matters relating to financE and propety. Appointing annually a District Adult Appointrngnts Advi50ry Sub Committee and such other Sub Committees as the Board may raquire. Presenting an 8nnual report gnd annud ststement of accounts to the Annual General Meeting of the District Scout Counal. AIMS AND 0￿Ec￿VEs The District r6 part ofthe Greater London North So)th Countythi¢h prwdes s￿Uting to young peop￿ In the Lonclon Boroughs north of the River Thames. The Districfs objective is to promote the development ol young people in aChi￿ng their full physiGg1, int8118CtU81. social and spiritual potentials 88 Indi￿dUalS. as re8pon5ibl8 atizens and as m8rnbèrs of their local, national and international communities. The Distiict seeks to achieve this objective by providing leadership, 8dvI(￿ and support for the Scout groups and the Explorer Scout Units that rnake up the District. Acbwties which are appmpriate for District to organise are provhled on a regular basis as requested by the groups who m8ke up the District. In planning our activities lor the year we kept in mind the Charity Commission's guidance on public b8nefit at our trustee meetings. Public benefrt was provid￿1 by the Charity in the p8riod through the aetiwties noted above. SAFEGUARDING POLICY Tho Charity seeks to create and malnt8ln a safe and sacure anMronment for all memters. volunteers and visilors to ourfaulth.es and groups. The Charity is fully committed to safeguarding 811 children, young people and adults at risk that come into contact ¥wth our work. We will take every reasonable step to ensure that Child￿n, young people and adults at risk are protected in the ddivery ol all programmes. We respond prompdy and appropriately to all allegabons, suspicions and reports of abuse. The Charty does not carry out significant fvnd r8181ry actiMtie5. ACHIEVEMENTS I PERFORMANCE AND FLrruRE DEVELOPME 2023 was another busy year for everyone wthin the North London Scout District. The district team worked hard on delwering a fijll distnet pr(NJrarnmè forall the sections wilhin the distrid and preparing for ourbi-annual district c4mp, with the thern6 of Iniernational. We continued to support the young people taking part in the Duke of Edinburgh award and also worked wih ourGrè8tsr London County colleagues to PTe5ent some Queen and lfjng Scout Awards who also attended the cer8rnony atwindsor C8StIe. The vision forthe corning year is to OP8n rnor8 new sections within 8r885 of deprivatK)n, tnostly lookSng at opaning some more Squirrel Dreys. We aro also going to ensure that we ￿ntinue to deliver 8 fvll pr￿￿MMe at district lev81 to ensure that 811 the young p80pl8 have th8 full opportunity to achieve their full potential and be awarded with their top awards. We will also be working to ensur8 th8t al adult volunteets wilhin thg district are aWdrded for all their hard work and dedication to support all the young people within the district. FUNDRAISING The Disthct does not normallyget involved in fundraising frorn the puNic and durfng 2023 th8 only such incorne would be from Explorer Units with oc£asional bag packing at loral Supermarkets in exchange for a voluntary donation. Ona unlt does organise a firework party for whlth they sell tlckets, mainly to the larnily of members. NORTH LONDON SCOUT D￿r￿Gr Page 3 Annual Trustee8 Report Icontinuedl For the year ended 31 Decemb&r 2023 PRINCIPAL RtSKS AND UNCERTAINTIES The Trustees have examined the principal areas of th8 Charity's operdbons and Considered what rnaior risks may rise in each of these areas. In the opinion of the Trustees trE Charity has established resou￿$ and systems which should allow the ￿Sk$ identified by the Trustees to be mitigated to an 3￿ptable level in its day to day operations. The major risks a￿ Consider￿ to be those of safeguarding and ol security of all investments. We have sufficient reserves to cover103t income in the short to medium term and 8r8 c4)nfKlent that our op8ratlOn8 C8n b8 restructured to be financially sustsinable if income ￿velS from scouting or commercial use fall short. FINANCIAL Our annual gross In￿rne was £466,4091£381,081 in 20221 with 41% being raised by tre Explorer Units to financa their actwities. The substantial increase was mainly frorn useTS of OUT premises and a generous lègaey. There was a def￿rt of £140,8591£114,807 in 2022) on Unrestricied General Funds but we had a gain of £234,639 when we revalued prDpety and investments to market values to give us a surplu8 of £93,780 forth8 year 8nd a totsl for this fund of £3,482.7TI to Garry forward. Most of this is in propety. The Designated Funds are the Explorer Units and they spent £13,362 less than tkRy received in this year. The Explorer Units wthin the Designated Fund have balan￿ to cary forward and in total £79.4771£66,116 for 20221. Irt addition the new Designated Fund, created last yearto startto prO￿lde forthe fvture replacementlredevelopment ofoule￿￿ting functional buildings. stt.ll stands at £50,000 as we decaded not to add to it at present as we are now depreciabng our functional pmperty by a similar8mouni. The ReStr￿ted Funds have not changed during the yearand in total stand at £12,637. With the gains in the year totsl funds amount to £3,624.891 of which £2,688.807 is repr&8ented by PTopertV 8nd £686,090 by investsd assets. FIXED A&SETS The Charity hdds substantial propèrbes as fvnetional assets. Most of these proFerties havo beon owned for many years and are induded in the financial stat8rn8nts at includlng amounts spent on improvements over the years. We ha￿ now stsrted to depreciate these 8ssets. RESERVES POUCY The Trust￿ h&ve consKlered the fvnds currenly available to the Districtof£85.4641£208.062 in 20221. These have fallen during the year du8 to the ongoing deficit butwe h8va In 2024 realised £100k from our quoted investsnents and may nead to raise more to keep 8 healthy cash flow and to do all th8 ongoing imprtsvements particulady atscout Part<. STATEMENT OF TRUSTEES. RESPONSIBILITIES Th6 Trustees are responsible lor preparing the Report of the Trustees and the finanaal statements in accordance with applicable law and United KirvJdom Accounting Standards Iunited 5Qngdom Generally Accepted A￿ountiNg Practice). The law appliydaTK£ ms(È urKkrsecbon 154 ofthatAct NORTH LONDON SCOUT DISTRICT Indèpèndènt AuditoV$ Rèport to the Trustees of North London Scout Dlstrfct{conL) Poge 5 0ur0bjFdTh￿ are to abtain rea%on*4e aSsUr8n￿ ab￿twhe1herthe fNanad staiements as awhde are fipe knm material misstatement whelherdueto fraudorerror. and to issue an aLbdito¢s rerx)rtthat irKlude5 ouropinl￿. Ressonab￿&S8urarr a hrgh ofassuranca but is not a guar8nteathat an 8udit (￿ndUrt￿ in ￿￿X)￿an￿Wth ISAS (UK) wrill aw det&t a m8terfal m￿stateMent¥￿en it 2￿Sts. MI&8tateM￿ts 12n a￿efroM fraud or￿(Or and are consh*r& material if, indmdua or D) the aggwte, they reasonaLty be to nflU￿Ke the economic decasv)ns of UWB tsken on the bask8 01 these th9nc485 stst￿￿. Itwularthe5, inducfing fraud. ar8 Instan￿ ofnorKOrnpliar￿e and Wulati(￿S. Wedesrgn w0￿dureS in wih our responsi￿111￿$, 0udir￿ atove, to de￿t material misstatements in resFectof [￿U￿ri￿8S, irKkn(tir¥J tr8uI. Th8 8Xtantto whith ourpTvc&ures aTV ¢zpable ofd*(*ng iff4ul8ritiès. indudhg fraLhY is deta1￿ balm. Disojssions Mana￿￿￿t, indLMSng oThkJerabon ofknwi orsL*d Instan￿ ol r#)n- Com￿19nCe laws regulaions and fraud.. Identifft testing sunffi¢3nt m8fKt81 joumal entri&8 8fKI awMptknl￿ arKY jUdg￿ts m&ge by managementin makiTrJ sSJnrfJcsnta(tsuth"ng &b"mates. BeLaLtsa ofttE inheremtlimitationsofan aLLI'¢ there is a risk that ￿tWI1 notdetectall iwegLrfarTbes, l￿dIng thoso a material mBststement n the statements or norKA)mpl￿TK2 WI￿ wuL4tion. This risk in(xeases the mo mlIanc￿ wth a18worreguPdtion is rerno￿￿ fturn th8 ar￿ tsar￿a￿n$ refleL*J in the finanul Sta￿ents. as we will fjkety to tecome aware ol irBtances of nC(￿￿pliar￿e. The risk is dso greater r48rding iTwulariies owurring dueto fraud Tatherthan err￿, as fraud inv￿￿ lnign￿nal wr￿e8thert forgery, ￿[lu￿on, ￿MI￿representation. As part olan audit in ￿an(% ISAS (UK), ￿ èx8ro* prof￿10nd jLvJgrrw* 8nd M￿nI21n wofessts)nd sc£pt'asm Ihroughoutthe aud￿ Vve also." Identify and assess the riskq ofm*rial rn￿Statement ofIh8fina￿k￿l statem8nts, theth&dLE to fr¥LvJ oremr, desKJn and ￿rfOrM audit pra(*dur8s reswnsike to those risk4 and obtain ￿dit &vbJan￿ that is suffiaenl arKJ atpropriate to ovth a basis for our opin￿)n. The risk of not detectiTrJ a material rnk9sta￿ent resulting frcm fraud is higherthan for C￿eres￿ltingtr￿￿ error, astr￿l￿￿maYlnV0￿￿CQllus&)n,forg&ry, w]twbQna1￿1sY(X￿. misreprésèntstsons, ortréowffKIè ofInt￿ eAytrol. ObtJ"n an u)derstanding of intemal o)ntrd reIevanito the aLh￿t in olthrto desvJn audicprocedures thatare aprryriate inthe QroJmstan￿, buinotforihepurpctseofexpressing8n opink)n onlhe effecti¥e￿80ftheth8nw5 htemal c￿. Evduate th8 Ipropriater￿S Orac￿JUntirng p￿￿185 L￿d and Ihe [Ba￿ab￿r￿ ofx(x*Jntiru estimates and rel ¢JL¥kgJres made bylEtrustees. Condude on the apprcpriaterEss ofthe tNstees' use ofthe goiry 0￿￿rn trAgsis of a(rx)unting arKI, bas8d on t1￿ 8￿rt oth'ned, wFEther a m8terid urn￿thnty exsts ￿lated trj elents oruj￿￿nS thairnay cast signfficantdoLbt on the¢h￿l￿S gbiltyto continue as a gc4rvJ concem. Ifwe condude thata matsrial uwtantyeyists, we are required to draw attention in our auditorfs rel￿ to the disdosures in the financid ststeThents or, disthsur8s arè inadequat4 to m(xlify our c¥xnion. Our {X)r￿s1on5 8re ba5￿j on th8 8Md8rKe otta[n￿ up to the date of our audthls report How6ver, fulure &￿ts orcxJThJitions may cause the tharityto ￿ase to ¢(￿tnue as a going ￿nCern. Evduate the owal presentatm, and content of the Ilnanad statsments, indLKling ts cfthsures, 8nd ether the finart*l st8taMents reryesent the unde￿￿ing transacJorn arKI events In a manner thai ad)￿￿ fa wesentsts"￿ I￿. a bue and fa"riAewl. WecgmmunrAteiMth Ih05e tharged wth governanrÉ rega￿1r￿, amoro ctherTn8tt8rs, lh8 rAann￿l 8￿p8 and kn.ming ofthe audiland siqnrfKxnt 8uditfindiTrJs, irthding 8ny 5￿Jn￿nt defiaenue5 in internal rx)ntrd that￿ts kJent"rfyduriw our aLK Us&ofour Yeport ThisrepJtismadesOlelyto￿dW[JV$b7￿tees, asabcty, 1nacwdan￿wth Part4oflhe CharitK¥IAc(fAJntsarKI Repots) Regulations 2￿8. Ouraudltwork has teen undertakan sothatwe miqhtstate io ihe thariVstwsieeslhcEematt8rswe are Ulr￿ to stste to them in an a￿￿1t0￿$ rwrt arKI for no t)Iher purpose. To the tult&%t extent pem)itted by law. we d) not acw or assume resportsililty to anY￿e otherthan the tharity th8 thari￿s tDJs* as a tKdy, for ouraudit work, for this report. orforthe oiMnK)nsvE have formed. NA As50ciatsS LLP Ch8rtered Certffied A¢￿untants ststutory Auditor Woodgats Sttjdios. 2-8 Garnes Road. C(*kfosters. Hertfordshlre, EN4 9HN NA Associates LLP is eligible to act as an auditor in temis of section 1212 of Ihe Companies Act 2006 NORTh LONDON SCOUT DISTrICT Page 6 Statement of Ftnancial A¢tJvltle$ forthe yearended 31 December 2023 Ireststedl TOTAL Unrostrictod Funds G•n•ral Do9ignat8d Rest￿¢te￿ TOTAL 2023 2022 Incominq Resource8 (Notes 2 & 31 Ineome knd endowments from: Donations and *acies Charitable athtses 37.112 71.371 130,367 36,138 39,928 145,070 6.423 77,040 216,441 136,790 36.138 42,865 211,666 103,180 23,370 Other trading actmties Inv&%tments Other Total 274,988 191,421 466,409 381.081 Rèaourtss èxpènded INotss 441 Exp8ndiiurn on: Raising thnds Charitsble aetfvibès 18.189 18.189 575 17 23,539 Total 415.847 178,059 593.9r 451,695 Net Income I lexpendlture) before 1140,859) 13.362 0 1127,4971 (10,8141 investment gains I Ilogs881 Transfer betsveen fund$ N8t g8ins I IIOss8sI on inv8Stm8nts (Note 8.11 234,639 234.639 {5,0481 Net In¢omg I l¥xpendlturo1 Nèt movèmènt In funds Reconclllatlon of ftmds: Total funds brought forward 3,388,997 116.115 12,637 3.517.74Q 3,593,411 Total funds earrfed fonwdrd 3.482.777 129.477 12,637 3,624,891 3,517,749 Thè notès on pagès 8 to 18 fomi part ofthèse finandal statemènts All income and expenditure derives from continuing activities. The statarn8nt of finanoal acti￿tleS inrjudes all gains and losses ￿e0gnised during the year. S8e note 21 for the 2022 Statement of Finanaal Ac*viti&s. NORTH LONDON SCOUT DISTRICT Page 7 Balance Sheet as at 31 D￿ember2023 {m$tat￿l TOTAL Unrastrletod Funds Ganoral D•slgnatsd Restrl¢t&d TOTAL 2023 2022 Flxed assets Tangible assets 7 1.376.223 0 1,376,223 1.674.484 Inv•slments 8.1 2,021,090 0 2.021.090 1,506,451 Total fixed a66ets 3,397,313 0 3,397,313 3,180,935 Current a88ats Stocks 11,235 11,235 13,114 Debtor¥ Investments 10 46.922 46.922 26,342 31,113 29,548 172 697 282 665 12.637 261,967 351,669 18,476 12,637 Cash at bank and In hand 11 61.696 119.853 111,001 129,477 Credito￿. amounts lalllng dug wlthln one year 12 134,3891 0 134.389) 114,8551 Total assets le88 current ￿abIlItia8 85,464 129,477 12,637 227,578 336,814 Net Assets 3,482.777 129,477 12,637 3,624,891 3,517,749 Fund8 of the Charity General Unrestrictsd Designated Unrestricied Restricted Total funds 3,482.777 0 3.482.777 3,388,997 129,477 116,115 12,537 12,637 12,637 12,637 3,624,8g1 3,517,749 13 14 129.477 3,482,777 129.477 The notes on pag88 8 to 18 form part of these l)nandal statements Appioved and 8ulhorised for issue by the Trustees on 1910712024 and signed on their behalr." J).J Stephen Way Chair Page 8 Not85 to th8 aceounts For thè y•ar èndèd 31 Deeember 2023 l Ba818 of preparation 1.1 Ba818 of accountlnq North London Sc4ul District 13 an unincorporated charity reolstsred In England 8nd 8 publ1¢ benefil entsty under FRS 102. The financi815t8t8ments have b88n prepared in Sterting 1£) the functSon81 currency, rounded to the ne8rgst £1, and ara forthè stand alone chanty only. These 8ecounts have been prepared on the basis of historic costmodified by the revaluation ol inve8trnents lo markgt valuè in accordancè ￿th.. Acetyjnlng and Reporting by Charities preparing theiraccounts in accordanco with thg F(n8ndal Raporting Standard applicable In the UK ond Republlc of Ire18nd 188u•Y In Octob&r 2019, FRS 102 and wth the Charitses Act 2011. 1.2 Golng coneèrn These a¢counts have t*en prepared on 8 golng concem basls. The Trusts88 have considered period of eighteen montTr]s from the dale of approval olthe finandal Stslements. The Charity has a Strong balance sheet 8nd therefore exp8Cts lo Continuè for th8 fOr8s￿ab1a future. 1.3 Crttleal #ceountlng •itlmats8 And araa• of ludg•m•nt Charlty Trustees h8va mgje asllmatss and assumptions concarning the future. The e8lmale8 and 888LJTnptlons that heve a glonlfl¢anl r18k ol ¢8uslrtg ¥ matsrial adlustmant to the value ol the carrying amounts and liabilities wthin the nexi financial year indude the va5ualion of ffxed aseets, Inv¥slmenis and propertias. 2 INCOMINO RE8OURCE8 Rèeognltlon of Ineomlng ra￿Ure Th686 ar& induded In th8 Ststement ofFinancAal Actmties (SOFA) w￿n I tho Charity bècomès en￿lled to the resources.. 2 the Trusiees consKler ills probablé th81 thè Charfty VAII r&￿7V& the ragource8.' and 3 the rnonetary value can be mea8ured ¥Mth $uffidÈnl rèliAbility. Membership 8ubscription8 Members subscriptbns collected on behalf of olhor p8rt8 of the Scout Movam8nt are reported in the SOFA net of any amount paid out. This is because these subscriptions are in 8ffect h81d by the Charity as aaents b8for8 bèing p8ld out. NORTHLONDONSCOUTCqSTRICT Page 9 Not•s to thè aeeounts For the year ended 31 December 2023 {contlnuedl Incomlng re60urce8 wlth related expandlthro Whgn incomlng r8sourc8s havè ralat8d axpandltura las wth fundraising) thè incoming rasourc4s and related expenditure Are reported gross In th8 SOFA Grants and donation6 Grants And donadons are only Induded In th8 SOFA wh8n the Charity h8s uncondltional entitlement to thé résources. Tax reclalm8 All tax r8cEo1rns are included in th8 SOFA when reCe￿ed. Volunteor help The value of 8ny voluntsry help re¢elved not included In the accounts In Ilne with tre SORP bul 18 describgd In the Trusts65' Artnual Report. Leqacle8 Entluement IS the earfler of the Charlty belnG nollfied of an imponding d181ribulSon, or the k8gacy bglng recoived, when Incomo 19 recognls as belng probgble. Inv•$trnént Ineom• This is induded In the accounts when recelvabkg. Donated 8OTViCO• Don8lion8 welvgd Induded an amount for work done on the trees at Scout Park to keep trem 88fe and healthy. Tho 8mount was rècognls8d In the finandal statsmenis In r88pect ol services prO￿ded by a tenent in con8ideration f¢r a ltswèr rènt thgrgè and ealeulatéd at market r8te$. We now pay VAT on the v￿ue ol the8e donated 8ervicè8. Inv••tmgnt g¥lns and10s•e¥ Thls Includes any galn or10$8 on the sale of Investments and any unreallsed galn or loss resulting from revaluing investrnents to market value attha ènd of tta year. EXPENDITURE Llablllty rgcognltlon Li8b[l￿aS are r8cognl8ed as soon 8S there Is A legal or con6tructs.ve obligation committing the Ch8rity lo pay out r850urc85. Support CO8ts Indude all costs of the ￿ntral functions notspecificalty allocated under othar hè8dings. ASSETS Tanglble flxod asset6 for use bythe Charfty These are ￿pItalISed if th&y can be used for rnore than one year. and cost at least £1.000, Qrfo￿ partofa group of8$8ets that0X￿ed8 £1.000. They a￿ valued at cost or a reasonable value on receipt. DepreTh8tion is prowded on most tanglble fixed assets, at rate5 C8lculatsd to write off the Cost or v8luab"on, less residual value, over the usefvl lrfe. NCIITHLONDONSCOWDtSTRICT Notes to the accounts Page 10 Forthè wrènded 31 December 2023 Icontinuedl D@pr8U8tion is provided as follow5.. Fumtiure and Equipment- 10% written down Vdlue Land and functional assets are now deprecIa￿. 2% of book value as al 31 D$cemb6r 2023 lrtvastmènts Investments quoted on a recognised stock exchange are valued al the year end at mid-markel value. Othér investrnent assets Are Included at Trusteas, bèst •st'mato of rna￿￿t value. Stocks These are valued at the lower of cost or marketvalue and indude Irrecoverable VAT. A deducion Is mad8 forslow moving and redundant iierns. Current Asset Inv8stm•nts The Charity has investrnents which it hokls pending their sale and cash wSth a maturfty date of less than one year. These a￿ held for the short term in orderto meet potential li8bilities and grants. Funds Funds held by th8 Charity 8r& Unrestricted- to be used in accordance vith the charitable otiects at the discretion of the Trustees. Designated- set aside by the Trustees from unrestricted funds fc specific purposes e.g. Explorer Units Inots 131 Restricted- funds to b8 used for a 5peafic purpose as speafied by the donor or und81 th8 t8tms of th8 rec8lPt (note 141. Taxation As a ￿giSte￿d charity no taxation is payable on non-trading activitie5 and Capital Gains 8re exempt frorn CGT. VAT whère applicable is paid and Induded In the accounts under the cost heading it Telates to. Debtors and Creditors Receivable I Payable wlhin onè year Debtors and cxoditors with no ststed Interest rate and recaivabla or payable within one year are recorded attransaction pri￿. Any losses ari%ing trorn impalmiant ar6 racoJnlswJ In aynditur&. Inveslrnent Properlies Investment properties are measured at fair value al 88eh rwrtirvJ dale wlh change8 in tsirvaluè recognised in net galns I ILwes in the SOFA. NORTH LONDON SCOUT DISTRICT Notes to the 8ccounts for th8 year 8nd8d 31 Dec8mb8r 2023 (eontinuadl Page 11 2023 2022 3 Donadons and legacles Membership subscriptions I grants Less PaKI to HQ I County N8t included in resources expendè 77,532 169,4701 8,062 59,368 156,5111 2,857 Donations l Grants 29,050 g,913 Job Retention Scherne grdnts Contn'bution to rewrs Gift in klnd- work on tr 37,112 12.770 5(K) 29,595 42.865 Restricted fvnd Desunated funds Explorors 39.928 77,040 Charltablg acllvftlo6 Se¢ti(nal events Scout Park camping and a￿ti£$ Holk)way Road room hire Rarnmey Island 23,524 30,568 16,C65 2,516 42.401 20,736 2,240 71,371 72,673 Designated fvnds E>plorers 21 441 othgr tradlng aettvitt88 Hire charges for functional fixed assets Vending machine Uniformlbadges shop sal* Pantcmnime 118.879 72,126 162 23,4 10,693 250 130.387 6,423 95,718 D85ignated funds Explorers R&8lrlcled funds 136,790 103,180 Invèstment Income Bank interest Dividends Propety rent Sundry 1.321 291 1,565 33,252 23,079 36,138 23,370 Restrictsd funds 36.138 23,370 NORTH LONDON SCOUT DISTRICT Note6 to the accounts forthe yearended 31 D•c&mber 2023 Iconllnuedl Paqe 12 4 Re8ources expended 2022 Ral¥lng fund8 Shop purchases Lattlng feas Share8y Comrnission Pantotnima Vending maehlne st(tk 10,990 5,977 732 19,343 3.119 4&3 18,189 137 ,6C6 933 23.539 Deslgnatsd expen588 18,189 Charltqble ac¢Svltlo8 Section 8v8ntslDI8tn"(* camp Legal leas Tr8lning costs Staff cAsts Ad￿r￿8]ng & m8rt(aOng Computer & OSM costs sUb￿p￿"0ns ProFerty expenses Property servlces Holloway Road Rammèy Island rent InsurAntss Printing postsoa and 8tatsgnery Teléphona & Int&met Audlt and AcrL)untancy eypen8881888 below) DC éxpensè9 travalllng fjto Gènèral 8ypÈrtg¢S Equiprnent malntenance Credlt card and bank charges Grants Depreaolon 5,693 1,080 631 132,241 24.804 2,576 2,047 74,849 13 2.262 220 163,875 9.250 1C6.77e 6.264 1.013 20,188 201 2,802 7,404 2,875 1,256 9,318 22,977 429 2,7 7,898 1,8 735 15,404 857 3,051 3,095 271,792 156,384 30,061 397,658 178,059 De6kJnated funds Explorers Re8trlcted fuTrJ$ 575.717 428,158 (Audit feè Indudad 2023". £6,ODJ12022'. £5.5(K)11. Trust00 gxpon$o8 The only payments to Trustees were to reimburse them for 8xpen888 paid mainly to the Dlstrict Commlsslonarfor travelllng and slmllar costs aThY arnountiro to £1,63412022.. £2,875). NORTH LONDON SCOLrr DISTRICT Notes to the accounts for the yearended 31 December 2023 {contlnuedl Page 13 6 Staff costs 2023 2022 Gross salaries and benefits in kirKS Stsff training 8tc. Pension Ernployer3 Nation81 Insurancè 122,Crt)1 30 2,173 407 124,611 72,024 2,797 28 29,&18 Numbèr of employees- 5 {2022- 51. No employee eamed more than £60.000. 7 Tangiblè flx•d assets Land & Equip. Bulldlngs F&F Total 2023 2022 Cost orvaluatlon Brought fr)￿8rd Additions Transfer to Investment Balance carried foTW8rd Depreclatlon 8alanc8 brought foTw8rd Chargè for tha year Disposals Balance ¢aTried foTwaTd Net book value Brought fO￿ard 1,649,577 11,800 1280,0001 1.381,377 94.789 1.744.366 11,800 1280.0001 94,789 1,476.166 1,740,315 4,051 1,744.366 6g,882 2.491 69.882 30.061 66,787 3,095 27.570 27.570 72,373 99,943 69,882 1,649,577 24,907 1.874.484 1,673.528 Carried forward 1,353,807 22,416 1,376,223 1,674,484 The CharTty holds leases foT 999 ye8r8 on tho ground and flrst floor ofthe propety at Holloway Road used as an activity centre. The scout centre is sh¢Jwn at the original cost of the site and improvements. Two )lats at the same sile in Holloway Road are held on 150 and 990 yèar leases Bs inv8Stments. A garage at Awne Road London was gifted to Ihe Charity in 1940. This 18 reflected In the financial ststomonts at cost, representing 18gal fees p8id. The freehold site of Smut Park Is in the bènefiei8 l ownership of the Charity aThJ g used as a functSonal asset Depreciation is now being applied at2% of book valu& NORTh LONDON SCOUT DISTRICT Notes to the accounts for the year ended 31 December 2023 {contlnu¥dl Page 14 8.1 Flxed asset Invesbnents Inve8tm8rrt Total (restatsdl 2Q22 Llstsd Proport19¥ 2023 Carrying Im8rf(etl value 81 beginning of the year Transfer from investments Addluons at cost I wrthdrdw818 806,451 goo.D)0 1.506,451 1,761.499 280.￿0 280,000 <2X).OC Net gain I Ilossl on revaluation Carrying value at end of year 155000 21090 1506 451 The 990 yearleaBe flat held for Snveetsnenl wa8 r9valU￿ by tha Trusta&s follo￿ng adwce frorn the managing 8génts to £850.0th)12022- £650,000). The hi8tOlTC C05t of thi8 property W88 £410,000 12022 £410,000). Th8 150 year lease llat held for Inve8tment wa8 revalued by tha Truste88 followlng ad￿ce from the managing agents to £435,00012022- £280,000). Th• histtsric cost of Ihi8 prop8ty was £2eo,000 12022 £280,0￿1. Thè propèrty In Somerford Grov8 was addad to the Investments by o prfor yeAr adlu6trn8nl Inolo 181 and was revalued by tha Trustees lollowlng adwce from the rnanaging agents I £2SO.000. Tha historfc cost ol this property was £Nil. 8.2 Current ￿80t Inv•8tsn•nts 2023 2022 COIF Dèposlt Account8 Distriel Colling I Samaritan Eric Lark 20.0(K) 5,512 S,601 31,113 18,994 5,235 5,319 29,548 9 Stock 2023 2022 B8dg8s and shcp mLsc8llaneuJs 11,235 13.114 10 Debtorn 2023 2022 Scout Park hire OK4d to shop 9,602 1,763 1.346 Eyplorttr Units p￿pAId Act5￿ti88 Oiherdebiors and prep8yments 7,542 29,778 46,$22 23,233 26,342 11 Cash at bank and In hand 2022 Ca¥h at bank and in hand Cash in hand and fioals 171.6g7 1,000 172.697 282,1e5 NORTH LONDON SCOUT DISTRICT Notes to the accounts for the yoar èndèd 31 Do￿rnber 2023 l¢onllnugdl Pagè 15 12 Creditorn and a¢¢ruals 2023 2022 Money hald on bèhalf of groups Taxation and soc4al security Other uedrtor8 623 1,084 3,602 14855 13 D88lgnatad fund8 (sea not• 16 for 2022 eomparatlvo) anc• Incomlng Outgolng B￿an¢ cath•d forward brought foThvard Explornr Untts Wc41 Tottenham Highgst8 l Homsèy Kings Cros8 Sèvanturars Andromeda 28.412 4.572 25,784 5,e41 2,181 94,165 2.962 53,841 24.077 1.270 78,359 2.951 62.107 19.189 2,108 44,219 4,583 17,518 10,529 1,345 14741 66,116 15,1C 13.348 191.421 178,060 1,283 79,477 Explorer 8coutsng18 a dlylrict pro￿810Th ra8ponslbla to tha dlstrlct axeejjtiva for 811 financlal matters. Each unlt haB responsibility to rai¥è funds and to bè financlally $elf 8uppothng on a medlum to long term basL8. Fund3 r81sed by each unll are rgt8inèd lor use by that unit but in the 8vent of dosura would revert to the dirylricl general frJndB or be Sel aside lo flnanra ngw or èxl8llrKJ unlts. Property roplacom•ntfund Balan brought fonward Trnn8f•r Oulgolnq 8818n rrled forward TrAn8actlon8 Thls ftjnd h88 baan cr&8ted to s&t 8slde funds for the replacarnant of our 0￿6￿r bUr￿lr09. 14 R•strlct•d lund•1•ge note 17 for the 2022 comparativ81 alance Incomlng Outgolng brought foTw3rd Balance earrlad foThvard Eric Lark MernoiTal S8maritanlColling. S￿p Adarns 4,463 S.084 2,590 12.137 4,463 5.084 2,5 11137 Deprfwed 8ro8 tund 500 500 12,637 12,637 Page 16 NORTH LONOON SCOUT DISTRICT Notes to the accounts for tha yoar ended 31 Docembor 2023 {eontlnuedl The Erfc Lart< Memorial Fund was set up in 1958 in memory of a former scouter and has been augmented Sirt￿ for swnilar reasons. The fiJThJ exists to prowde grants to scouts undèr the of 16 y88rs to assSst In r&spect of camp fees or unifomi. The frJnd is managed by the Distsict Offi￿r8. Tn8 Safflarttsn Fund wa8 891 up In 1950 by the then Dlsffict CommL8slon8rto glvo financial assistance Its 8ny seouter, or fomar scout6r. or spouse. Tha use of the fund Is enti￿lY discretlonary at the dlsPOS81 of th8 Dlstrict CcfflrnI58ion8r in consultationwth the Chainnan 8ndlorTreasurer. The fund was aTn8la8rn8ted wth the Cdlingh8m Fund In 2010 and it was rosol￿d that In fubJre grants would be rnBde for th03e ¥tho dSd not quallfy on grounds ol 8Qè to benèfft from tha Eric Lark Memorial Fund. The Skip A(Jams Fund wa8 Sel up many years ago in memory ol 8 8COUter from the fomiar St. Pancras Dlstrlct. Tharo Is no formal trust document and the orlginal Intsnl., that the incorne be u8ed to 8UPPQrt Gang Shows and Cgmp Flrè8 In the Distrit. is now not relevant. The fijnd wll be vsèd t¢ support 8¢L)ulng In the dlslr5ct and the Executlve wll make a propoBal in due course as to the 8peciffc uso. 16.1 Related parttog Tha frÉahold and leasehold $￿eS are held Sn trust by the Scout A6soc48t(on Trust CO￿or8d0n. 16.2 Futur• Commbtm•nts Thgm ware no future eommltsnents at the year end. 18 Do8lgnatsd fundj ly•ar •nd•d 31 0•eomb•r 20221 Balanco brought foNArd In¢oming Outgolng Balane• arrl4d forward Explorer Units IMI(J W(Af Tottenham Highgalo / Homsey Kings Cro98 Seventurers 25,327 4,100 13,913 1,803 773 48,886 2,439 76,370 18,007 2,727 45,801 1,967 84,499 14.189 1,319 28,412 4,572 25,784 5,641 2.181 1,506 27,561 29.541 47.422 175,990 157,296 14741 66,116 NORTH LONDON SCOUT DISTRICT Not•s to the accounts for the year ended 31 December 2023 leontlnuedl Page 17 17 R8strlctod funds Iyoar andéd to 31 Oecember 2022) Balance brought fopward Incomlng Outgolng BalAnet carr]ed foThvard Erlc Lark Memorfal Sarnaritanlcolllng. Skip Adams 4.483 5,084 4,463 5.084 D6prfv8d Area Fund 18 Prlor p•rlod adlu8tm•nt Unre8ts1ctsd Fund8 R08ts1ct•d Ganeral Da81gnated TOTAL 2022 Total fund8 bm 111122 185 origlnally stated) Prlor padod adjustrnent 3,258,852 250,000 72,422 12,137 3.343,411 250,000 Total funds bft 111122 la8 re8tatsdl 3,508,852 72,422 12,137 3,593,411 North London Scaui District ownÈd 8 proparty in Somerford Grove for a number ofyears uthlch rt recelved as a don8tlon from an oulgolng Br3)ul group, Th18 property had no cost to North London Scout Dlstrlcl. and no rent was rec4Ned on the propety 88 Part of thè donor lease arranllernent. The lea8e on Ihls property has now explred and the propety h88 beèn recognisad in the accounts al its mathet value, A prior year adlustmant hAs been Included as thè property had 8 m8rkat Val￿ 88 an Investment property priorto thtt rent free lease agreement ending. 19 Avallable unreetrlcted re8erv88 Thelunds avallableto the District compri80unwtrkbJfvr￿s of£3,482.7TT but net olfixed assets of £3,397,313 8 total of £85,46412022.' £208,C621. This represents 24 weeky of our expenditure on unre$lriGtod funds durfng tho yaar and Is considered satisfactory. 20 Anal￿1¢ of Net As88t8 8etw••n Fund8 Flxed Investrnents Net Currgnl A3s6ls Tot General Fund DesvJnat&J Resthcted 2.711,223 686,090 3,482,777 129.477 12,637 3,624,891 129,477 12,637 227,578 2.711,223 688,09) NORTH LONDON SCOUT DISTRICT Notès to the accounts for the y•ar ènd￿ 31 D•cembor 2023 Pag8 18 21 Ststsmont of Financial Activiti6s {forthe year 8nd8d 31 D8cemb8r20221 Ireststedl Unrestricted Fund5 lyestatsdl TOTAL R•8trictsd Gengral Deslgnatgd 2022 Incomlng Resour¢e8 Income and ondowrnents from: Donations and legacies Charitable acbwties 12.770 72,673 95.778 23,370 2g,595 138,993 7.402 42,865 211.666 103,1eo 23.370 Other Iradiro ￿tiVts8 Investments Other Total 204,591 175.g90 500 $81,081 Rèsoureas •xpend•d Expenditure on: Re￿Ing fvnds Charitable aC1w￿e$ Totsl 22,6C6 271,792 294.398 933 23.539 428.156 451.895 158,364 157,297 Net Income I lexpendlturel before (89.807) 18,693 500 (70,614} Transfer be￿8￿ fund8 Investment galng I Ilosse81 Net gains I Ilossesl on investments (25.0001 25,0 15,0481 15,0481 Ngt Income I lexpendlturel Not M0￿Ment In funds Reconclllatlon offunds.. Total funds brought foNvard 3,508.852 72,422 12.137 3,593.411 Total funds eArrfed fowdrd 3.388.997 116,115 12,637 3,517,749