NORTH LONDON SCOUT DISTRICT ANNUAL TRUSTEES REPORT AND ACCOUNTS For the year ended 31 December 2024 Registered Charity 1156779
NORTH LONDON SCOUT DISTRICT Page 1 Annual Trustees Report for the year ended 31 December 2024 Registered charity number 1156779 The Trustees present their Annual Report and Accounts of the North London Scout District for the year ended 31 December 2024 prepared in accordan with the Charily's Commission's Stateent of Recommended PTrctice (SORP) °Accounting and Reporting by Ch81ities° (FRS102) (the 'SORP"). TRUSTEE BOARD EX OFFICIO MEMBERS Chair District Lead Volunteer District Treasurer District Youth Lead Stephen Way Mandy Franks Brian Hosier VWèGant Explorer Scout Team Lead Network Team Lead Vacant (until 19106r2024) Florrie Weston (until 1910612024) (Note: North London District Scouts adopted the revised constitution In Soouts Policy Organi5ation and Rules from 1910612024 which removed the ex- officio membership of the Trustee Board for the Explorer Scout Team Lead and Network Team Lead role5) OTHER MEMBERS Daniel Sheehan Elliott Moore Leah Garrad {Until 1910612024) Peter Lahoud Mohamud Salah Abdirizak Carina Williams Thomas Graham Nick Conduit Mark Lovell Becca Smith OTHER TRUSTEES The freeholdlleasehold sites of most of the property are held in trust by The Scout Associalion Trust Corporalion. BANKERS National Westminster Bank PLC 288 Green Lanes, London N13 5GA General Fund CCL4 One Angel Lane, London EC4R 3AB Deposit monies CONTACT AND PRINCIPAL ADDRESS The District Headquarters is siluated 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 Charily 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 Offi they hold and others are elected at the Annual General Meeting of the District Scout Council. The day-to-day activities of the Charity are managed by the Trustees, who indude the ex officio members. supported by many volunteers.
Page 2 NORTH LONDON SCOUT DISTRICT Annual Trustees Report {continuedl for the year ended 31 December 2024 Tru51ees are appointed based on their skill and expertise in a rtain field relevant to Ihe Charty. On appolnlment they are inducted and made aware of their general responsibilities under charity law. STRUCTURE. GOVERNANCE & MANAGEME The District is led by the District Lead Volunteer who is supported by the District Team, comprising the District Team Leads. The Charity Trustees are the members for the time being of the TTUStee Board, members of which are appointed by the District Scout Council. The District Scout Council is made up of all members of the District, administrators and advisors. The District Tru51ee Board is currently responsible fr)r. Promoting the development of Scouting in the DislricL The management and weifaTe of pavj staff emplo1 by the Di5tricL Acting with the District Lead Volunteer in all matteTS relating lo ffnance and PTDpety. With the District Lead Volunteer providing oversight of the safety and safegLLarding of young people in the District. Appointing annualjy such Sub Committees as the Board may require. Presenting an annual report and annual statement of accounts to the Annual General Meeting of th8 District Scout Council. AIMS AND OBJECTIVES The District Is part of the Greater London North Scout County Whic provides Scouting lo young people in the London Boroughs north of the River Thamès. The District's objective is to prornote the development of young people In achlevlng Ihelr full physlcal. Intellectual. soclal and spirftual potentials as individuals, as responsible ¢itenS and as members of their local. national and international communities. The District seeks to achieve this objedive by PToviding leadership, advi and support for the Scout groups and the Explorer Scout Units that mak8 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 yearwe kept in mind the Charity Commission's guidance on public benefit at our trustee meetings. Public benefrt was provlded by the Charlty In the perlod through the acllvllles noted above. SAFEGUARDING POLICY The Charfly seeks to create and malntaln a safe and secure envlronment for all members, volunteers and visitors to ourfacllities and groups. The Charlty Is fully committed to $8feguardlng all chlldren. young people and adults at rfsk that come into contact with our work. We will lake every reasonable step to ensure that children, young peopl& and adults al rlsk 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 I PERFORMANCE AND FUTURE DEvELOPmEs 2024 was a very exciting year for North London Scouts as was Oltr bi-annual camp and il was a rDaThng success. We had 200 young people attend from 8 gTOUPS and 2 explorer units. We worked with explorers from Birmingham who provided catering for those gTOUPS short on adult helpers which allowed for more groups to attend. Thelr salad boxès went down a stom. The district continues to provide an excltlng programme for the young people fiom ready steady cook, sleepovers. hikes and survtval camps. We had a large number of people attending international Camps last year. We continued to support the young people tsking part in the Duke of Edinburgh award and asso worked with our Greater London County colleague5 to Present some King Scout Awards who also attended the ceremony al Windsor Castle. We also presented 7 young leader bells which is the most we have ever presented within the district. We currently have over 70 young leaders supporting sections all over the district. We have been working hard on developmenl. and we have SucsSfullY reopened a group c105ed due to 8 lack of leaders. We have opened three new SqUiTrel dreys and 1 scout troop. The vision for the coming year is to open more new sections within areas of deprivation. m0511y luoking at opening some MO Squirrel Drey5. We are a150 going to ensure that we continue to deliver a full programme al district level to ensure that all the young people hav2 the full opportunity lo achieve their full potential and to gain their top awards. We do have a shortage of young people and aduits within aaS of the district which we need to ffnd ways of looking at supporting them and growng our development team. We will also be working lo ensure thal all adult volunteers within the district are recognised for all their hard work and dedication to supporting all the young people within the dtstricl. FUNDRAISING The District does not normally get involved in fundraising from the public and during 2024 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 organise a firework party for which they sell tickets, mainly to the family of members.
NORTH LONDON SCOUT DISTRICT Pago 3 Annual Trustees Report {Contlnued) For the year ended 31 December 2024 PRINCIPAL RISKS AND UNCERTAINTIES The Trustees have examined the principal areas of the Charity's operations and considered whal major risks may arise in each of these areas. In Ihe opinion of the Trustees the Charity has established resources and systems which should allow the risks identified by the Trustees to be mitigated to an acceptsble16vel in its day to day operations. The major risks are considered to be those of safeguarding and of security of all inveslmenls. 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 fall short. FINANCIAL Our annual gross income was £502.188 (£466,409 in 2023) with 41 % being raised by the Explorer Unils to finan their activities. The increase was mainly from users of our premises and District Camp. There was a deficil of £140,535 (£140,859 in 2023) on Unrestricted General Funds butwe had a gain of£35,119when we revalued property and investments to market values to reduce the deficit to £105,416 for the year and a total for this fund of£3.377,361 to carry forward. Much ofthis is in property. Tha Designated Funds are the Explorer Units and they spent £11,835 less than they received in this year. The Explorer Units within Ihe Designated Fund have balancés to carry forward and in total £91,312 (£79,477 for 2023>. In addition the new Dèsignated Fund, created last year to start to provide for the future replacemenuredevelopment of our existing functional buildings, still stands at £50,000 as we decided not to add to it at present as we are now deprecjatlng our functional property. The Restricted Funds have nol changed during the year and in total stand at £12,637 (£12,637 in 2023). With the gains in the year our tolal funds amount to £3,531,310 ofwhich £2,716,0861s represented by property and £621,209 by invested assets. FIXED ASSETS The Charity holds substsntlal propertles as functional assets. Most of these propertles have been owned for many years and are included in the financial stalements at cost, including amounts spent on Improvements over the years. We have now started to depreciate these assets. RESERVES POLICY The Trustees have considered Ihe funds currently available to the District of £19,890 (£85,464 in 2Q23). These have fallen during the year due to Ihe ongoing deficit but we have in 2024 realised £1 Ook from our quoted investments and may need lo ralse more to keep a healthy cash flow and to do all the ongoing improvements particularly at Scout Park. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordan with applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Practice). The18w applicable to charlties In England and Wales requlres the Trustees to prepare financial statements for each financial year which give a Irue and fair view of the stale of affairs of th8 Charfty and of the Incomlng resources and applicalian of resources of the Charity for that period. In preparing these financial ststements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., obseN6 the methods and principles in the Charities SORP 2019 and FRS 102., make judgments and estimates that are reasonable and prudent., slate whether applicable accounling standards have been followed, Subject to any material departures disclosed and explained in the financial statements; prepare the financial statemenls on the going concern basis unless it is inappropriate to presume thal 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 Ihe Charity and enable them to ensure that the financial statements comply w¢th the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provlsions of the Tru51 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 X-.i.-.Ig and signed on their behalf by Stephen Way stephpn Way Chair of Trustees, North London Scout District
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 Distiict (the'charity) for the year ended 31 December2t)24 and notes to Ihe finanaal statements, including signifir2nl accounting policies. The financial reporting framework thal has been applied in their preparation is applicable law and United lfjngdom Accounting Standard5, induding Finanaal Reporting Standard 102 The Financial RepoMng Standa1 applicable in the UK and RepubliG of Ireland (United Kingdom Generaily A(Lepted Accounting Prac). In our opinion the financial statements: gwe a true and fair view of the state of the chatitls affairs as at 31 Dember 2024, and of rts incoming resour and application of resources, induding its income and expenditure, forthe year then ended; have been properfy prepared in arjdan with United Kingdom Generally Accepted Accounting Practi., and have been prepared in accordan with the requirements ofthe Charities Act 2011. Basls for opinion We conduded our audit in accordance with Intemational Standards on Audng (UIQ (ISAS (UK)) and appli¢ble law. Our responsibilities under those standards are hjrther described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the chwity in ac£Ordan with the ethic21 requirements that are relevant lo ouraudtt of the finanaal statemants in the UK, including th8 FRC'S Ethiixl Standard, and we have fijlfilled our other elhiLxI responsibilities in accordan with these requirements. We belteve that the audit eviden we have obtained is gAJfficaent and appropriate to provide a basis for our opinion. Concluslon8 relayng to golng concem In auditing the finanaal statements, we have conduded that the trustees, use of the going nM basis of a(xounting in the Fxeparation of the financial stslemenls is appropriate. Based on the work we have performed. we have not klentified any material Urertainties relatin Individually or collectively, may cast significant doubl on the charity's ability to cnnttnue as a go least e1ve months from when the financial sLglemenls are authorised for issue. to events or conditions that, ng concem for a period of at Our responsibilities and the responsibilities of the ISteeS respectto going ojncem are described in the relevant sections of this report. other infomiation The other infomation comprises the Information included in the Trustees Annual Report, other than the financial statements and our audiloffs report thereon. The tNslees are responsible for th6 0th6r information contained thin the AnnL Report. Our opinion on the finanrial statements does nol cover the olher infonnation and, ept to the exient olhemse expliuUy stated in our report, we do not express any forn of assuran cCClusion thereon. Our responsibllty Is to read the other infom)alion and, in doing so, rxjnsider whether the other infonnatlon is materially inconsistent wth the financial statements or our knowledge obtained in the course of th8 audit or otherwise appears to be materially misstated. If we identlfy such material irMxinsist8ncies or apparent material misstatements, we are required to determine whether this gives rise to a malertal mi55tatement in the finanaal statement5 themselves. If, based on the work we have performed, we condude thal Ihere Is a material misslatement of this other infonnation, we ar8 required to report that fact. We have nothing to report In this g8rd. IVEatters on which we are required to report by exceptton We have nothing lo report in respect of the following matters In relation to lch the Charities (Accnunts and Reports) Regulations 2008 require us to report to you rf. in our opinion= the infomation given in the financial statements is incvnststent in any material respect the trustees, report; or the charity has not kept adequate aUnting records., or the finanaal statements are not in agreementwth the acLounting records and relums,. or we hav8 not received all the infomiation and exptanations we require for our audit ResponslblliUes of trustees As explained more fijlly in the trustees. responsibilities statement set out on page 3, the trustees are responsible for the preparation of the financial statements and for being salisfied that Ihey give a true and fair view, and for such intemal control as the tNstees determine is neSSary to enabla the preparation of financial statements that are free from material misstalemenl, Wheer due lo fraud or error. In preparing tre f nancial st21emenls, the IThteeS are reswnsible for assessing the chariVs ability to nInue as a going n. disclosing, as appli(xble, matters related to going concem and using the going COnM basis of accounting unless the Injstees either intend to liquidate the chajity orto ase operation5. or have no realistic attemative but to do so. Audltor responsibilitigs for the audit of the financial statements We have been appointed as audttor under 5edion 144 of Ihe Charittes Act 2011 and report in aordanCe with regulations made under section 154 ofthatAct.
NORTH LONDON SCOUT DISTRICT Independent Auditoffs Report to the Trustees of North London Scout Distriot Icont.) Page 5 Our objectives are to obtain re8sonable assurance about whetherthe finanaal statements as a whole are free from material misstatement, whetherdue to traud or emr. and to issue an auditorfs report that includ8s our opinion. Reasonable assuraTh 'is a high level of assurance but is not a guarantee that an audit (x)nducted in aCU[dan with ISAS (UKI will always detect a material misstatement when it exists. Misstatements can aiise from fraud or effor and are considered material rf, individually or in the aggregale, they could reasonabty be expec1 to lnfiuen the e(r)nomic decisions of users taken on the basis of these finanaal statements. Irregulatitses, including fraud, are inslarlces of non-complian wilh laws and regulations. We design prOdureS in line with our responsibilities, ouuined above. to detect material misstatements in respecl of iwegularities, including fraud. The extent to which our prOdureS are capable of detecting irregularities. induding fraud is detailed below.. Discussions with management, induding consKleration of known or suspected instances of non- a)MplIan with laws and regulations and fraud: Identifwng and testing signifi(xnt manua]"joumal entries and reviewng assumptions and judgements made by management in maknng signrfi(xnt accounting estimates. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, induding those leaifirvJ lo material misstatement in the financial stalements or n0rkcompl1an wilh regulation. This risk increases the more that Complian with a law or regulation is removed from the evenls and transactions reflected in the financial statements, as we 11 be less likely to bewme aware of Instan of non4x)mpllan. The risk is also greater regarding irregularities occurring due to fraud rather than emr, as fraud involves intentlonal COnalment, forgery, collusion, omission or misrepresentation. As part of an audit in accordance with ISAS {UK), we exercise professional judgment and maintain professionaI sptIsM throughout the audit. We a150'. Identrfy and assess the risks of male)iai misstatement ofthe finanaal statements, whether due to fraud or emr. design and perfonn audit prOdureS responsive to those risks, obtain audit evidenTr that is suffiaent and appropriate to provide a basis for our opinion. The iisk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, asfraud may involve collusion, forgery, intentional omissions, misrepresentations, orthe override of intemal control. Obtain an understanding of intemal control relevant lo the audit in orderto design audit pradureS that are appropriate in the circumstances, but notforthe putpose of expressing an opinion on the effectiveness of the chariWs inlemal ntrOl. Evaluate the appropriateness of accounting p)licies used and the reasonableness of accounting estimates and related disdosures made by the trustees. Condude on the appropriateness of the trustees, use of the going concem basis of accounting and, based on Ihe audit eden obtained, whether a mat1a1 UnrtaInty exists related to events or cOndonS that may cast signnlcant doubt on the charitls abilty to continue as a going COnM. Ifwe conclude that a material UnrtaInty exists, we are required to draw attention in our auditorfs report to the related discl)gJres in the financial statements or, rf such disdosures are inadequate, to modfy our opinion. Our conclusions are baSj on the audit eviden obtained up to the dale of our auditorfs report. However, fLrture events or conditions may cause the charity to ase to continue as a going nCem. Evaluate the overall presentation, struL%ure and CL)ntent of the finanaal statements, including the disdosures, and whether the finanaal statements represent the undedying transactions and events in a manner that achieves fa presentalion (ie. gives a true and fair view). We o)mmuniczte with tho* charged g0Veman regarding. among other matters, the planned s(xJpe and timing ofthe audit and signifi12nt audit findings, induding any signifioant deficaenaes in intetnaj ntrOl that we identify during our audiL Use of our report This report is made solelyto the chartvstrustees, asa by, in accordancewth Part4 ofthe Chatities (Accounts and Reporls) Regulations 2008. Our audit WOTk has been undertaken so thatwe nwght state to the charivs Iwstees those matters we are required to state to them in an auditofs report and for no other PUTpose. To the fullest extent permitted by law, we do not accept or assume responsibilty to anyone olher than Ihe djarity and the charitys tSteeS as a body, for our audtt work, for this report, or forthe opinions we have fomied. NA Associatss LLP Chartered certified Accountants Statutory Auditor Woodgate Studios, 2-8 Games Road, Cockfosters, Hertfordshire. EN4 9HN Date.. 31712gLJ NA Associates LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006
NORTH LONDON SCOUT DISTRICT Page 6 statement of Financial Activities for the year ended 31 December 2024 Unrestricted Funds Restricted TOTAL TOTAL General Designated 2024 2023 Incoming Resources (Notes 2 & 3) Income and endowments from: Donations and legacies Charitable activities 12.223 89.977 137,698 53,846 31.255 154,097 22,444 43,478 244,074 160,142 54,494 77,040 216.441 136,790 36,138 Other trading activities Investments Other Total 293,744 208,444 502,188 466.409 Resources expended {Notès 4.6) Expendltur8 on: Raising funds Charitable activities 12,286 421993 13,122 183487 25,408 605 480 18,189 575 717 Total 434,279 196,609 630,888 593,906 Net income I (expenditure) before (140,535) 11.835 0 (128,700) (127,497) investment gains I (losses) Transfer between funds Net gains l (losses) on investments (Note 8.1) 35,119 35,119 234,639 Net Income I lexpendltura} 11 Net movement in funds Reconciliation of fund5: Total funds brought forward 3,482.777 129,477 12,637 3,624,891 3,517,749 Total funds carried forward 3,377.361 141,312 12,637 3,531,310 3,624,891 The notes on pages 8 to 18 fomi part of these financial statements All income and expenditure derives from continuing activities. The statement of financial activities includes all gains and105ses recognised during the year. See note 21 for the 2023 Statemenl of Financial Activities.
NORTH LONDON SCOUT DISTRICT Page 7 Balance Sheet as at 31 December 2024 Unrestricted Funds General Designated Restricted TOTAL 2024 TOTAL Note 2023 Fixed assets Tangible assets 7 1.401.262 0 1,401,262 1,376.223 Investrnents 8.1 1.956,209 0 1,956,209 2,021,090 Total fixed assets 3,357.471 0 3,357,471 3,397,313 Current assets stocks 9,615 9,615 11.235 Debtors 10 6,964 6,964 46,922 32,423 31,113 146,875 172,697 12,637 195,877 261,967 Investments 19,786 121,526 141,312 12,637 Cash at bank and in hand 11 25,349 41.928 Creditors: amounts falling due within one year 12 (22,038) 0 (22,038) {34.389) Total assets less current liabilities 19,890 141,312 12,637 173,839 227,578 Net Assets 3,377,361 141,312 12,637 3,531,310 3,624,891 Funds of the Charity General Unrestricted 3,377,361 0 3,377,361 3,482,777 141,312 129,477 12,637 12,637 12.637 12.637 3,531,310 3,624,891 Designated Unrestricted Restricted Total funds 13 14 141,312 3.377,361 141,312 The notes on pages 8 to 18 form part of these financial statements Approved and authorised for issue by the Trustees on 3-. 7 -1 and signed on their behalf= Stephen Way Chair
NORTH LONDON SCOUT DISTRICT Notes to the accounts For the year ended 31 December 2024 Page 8 1 Basls of preparation 1.1 Basis of accounting North London Scout Disltici is an unincorporated charity registered in England and a public benefit entity under FRS 102. The financial staternenls have been prepared in Sterling (£) the functional currency, rounded to the nearest £1, and are for the sland 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 wtth.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepubliG of Ireland issued in October 2019, FRS 102 and with the Charities Act 2011. 1.2 Going Goncem These accounts have been prepared on a going conrn basis. The Trustees have considered a period of eighteen months from the date of approval of the financial statements. The Charity has a strong balance sheet and therefore expects to continue for the foreseeabl& future. 1.3 Critical accounting estimates and areas of judgement The Charity Trustees have made estimates and assumptions conceming 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, Investment5 and propertles. 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 Chatity will receivo the resources., and 3 the monetary value can be measured with sufficient reliabilty. Membership subscrfptlons Members subscriptions collected on behalf of other parts of the Scout Movement are reported in the SOFA net of any amount paid OLrt. 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 2024 {continued) Incoming resources with related expenditure When incoming resources have related expenditure (as with fundraising) the incoming resOuS 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 receÈved. Volunteer help The value of any voluntary help reiVed is not included in the accounts in line with the SORP but is described In the Truste6s' Annual Report. Legacies Entitloment is the earfier of the Charity being notified of an impending dislribution, or the legacy being received, when income Is recognlsed as being probable. Investment income This is included in the accounts when re1Vable. Donated services Previously donations received included 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 ch8rge and calculated at market rates. These costs are now included in repairs and maintenance of propety. We now pay VAT on the value of these additional services. Investment galns and losses This includes any gain or loss on the sale of inveslments 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 cornmitting the Charity to pay out resources. Support costs Include all costs of the central fvnction5 Tlot specifically allocated under other headings. ASSETS Tangible fixed assets for use by the Charity These are capitalised rf they Gan be used for more than one year, and ost at least£1,0(K), orform part of a group of assetsthat exceeds £1,000. They are valued at cost or a reasonable value on receipt. Depreciation is provided on most tangible fixed assets, at rates alculated to write off the cost or vgluation. less residual value, over the useful life.
NORTH LONDON SCOUT DISTrICT Notes to the accounts Page 10 For the year ended 31 December 2024 (continued) Depreciation is provided as follows= Furniture and Equipment- 10% written down value Land and functional assets - 2 /0 slraight line Investments Investments quoted on a recognised stock exchange are valued at the year end at mid-market value. Olher investment assets are included at Trustees, best estimate of market value. stocks These are valued at the lower of cost or market value and indude Irrecoverable VAT. A deduction is made for slow moving and redundant items. Current Asset Investments Th& Charity has investmenls 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 Unreslricted - 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 b6 used for a specific purpose as specified by the donor or under the tems of the receipt (note 14). Taxation As a registered charity no taxation is payable on non-trading activities and Capital Gains are exempt from CGT. VAT where applicable is paid and included in Ihe accounls under the cost heading it relates to. Debtors and Creditors Receivable I Payable within one year Debtars and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction pri. Any losses arising from impaimient are recognised in expenditure. Investment Properts'es Investment properties are measured at fair value at each reporting date with changes in fair value recognised in net gains I losses in the SOFA.
NORTH LONDON SCOUT DISTRICT Page 11 Note5 to the aGGounts for the year ended 31 December 2024 (continued) 2024 2023 3 Donations and legacies Membership subscriptions I grants Less paid to HQ I County Net included in resources expended 87,077 (75,477) 11,600 77.532 (69.470) 8.062 Donations l Grants 623 29,050 Job Retention Scheme grants Contribution to repairs Gift in klnd - work on trees 12,223 37,112 Restricted fund Designated funds Explorers 31,255 43,478 39,928 77,040 Charitable activities Sectional events Scout Park camping and activitles Holloway Road room hire Rammey Island 17,282 39,948 31,107 1.640 89,977 154097 5,994 42,401 20,736 2,240 71,371 145070 Designated funds Explorars Other tradlng actlvlt188 Hlre charges for functional fjxed assels Vending machine Uniformlbadges shop sales Pantomime 132,873 956 3,869 118,879 545 10.693 250 130,367 6,423 137,698 22,444 Designated funds Explorers Restricted funds 160,142 138,790 Invastment Income Bank interest Dividends Property rent Sundry 929 1,321 1,310 51,607 1.565 33,252 53,846 648 54,494 36,138 Designated funds 36.138
NORTH LONDON SCOUT DISTRICT Notes to the accounts for the year ended 3 December 2024 (continued) Page 12 4 Resources expended 2024 2023 Raising funds Shop purchases Letting fees Sharesy Commission Pantomime Vending machine stock 3,180 4,723 3.377 10,990 5,977 732 1,006 12,286 13.121 25,407 483 18,189 Designated expenses 18,189 Charitable activities Section eventslDistrici camp Legal fees Training costs staff costs 14,408 12.107 3.324 80.917 202 2,546 5,693 1.080 631 132,241 Advertising & marketing Computer & OSM costs Subscriptlons Propety expenses Property S6rvic8s Holloway Road Rammey island rent Insurances Printing postage and stationery Telephone & intemet Audit and Accountancy expenses (see below) DC expenses Iravelling et General expenses Equipment maintenance Credit card and bank charges Grants Depreciation 220 195,416 9,733 820 23,263 172 3,878 7,769 1,041 806 31,913 1,396 1,353 30,929 421,993 183,487 163,875 9,250 886 22,977 429 2.796 7,898 735 15,404 857 gg1 30,061 397,658 178,059 Designated funds Explorers Restricted funds 605,480 575,717 {Audit fee inc]uded 2024: £7.020 (2023: £6,000)). 5 Trustee expenses The only payments to Trustees were to reimburse them for expenses paid mainly to the District Lead Volunteerfor travelling and similar costs and amounting to £1,041 (2023: £1,634).
NORTH LONDON SCOUT DISTRICT Notes to the accounts for the year ended 31 December 2024 (continued) Page 13 6 Staff costs 2024 2023 Gross salaries and benefrts in kind Staff training etc. Pension Employers National Insuran 78,151 122,001 30 2,173 407 124,611 970 1,447 80,568 Number of employees- 4 (2023- 5). No employee earned more than £60,000. 7 Tangible fixed assets Land & Equlp. Buildings F&F Total 2024 2023 Cost or valuation Brought fOard Additions Transfer to Investment Balance carried foTward 1,381.377 55,968 94,789 1,476,168 55,968 1,744,366 11,800 280,000 1,476,166 1,437,345 94.789 1.532,134 Depreclatlon Balance brought forward Charge for the year Disposals Balance carried forward Net book value Brought forward 27.570 28.689 72,373 2,240 99,943 30,929 69,882 30,061 56,259 74,613 130,872 99,943 1,3,807 22,416 1,376.223 1,674,484 Carried forward 1.381,086 20,176 1,401,262 1,376,223 The Charity holds leases for 999 years on the ground and first floor of'the property at Holloway Road used as an activity centre. The scout centre is shawn at the original cost of the site and improvements. Two flats at the same site in Holloway Road are held on 150 and 999 year leases as investments. A garage at Alwyne Road London was gifted to the Charity in 1940. This is reflected in the financial statements at cast, representing legal fees paid. The freehold site of Scout Park is in the ben ef icial ownership of the Charity and is used as a functional asset. Depreciation is now being applied at 20/0 of book value.
NORTH LONDON SCOUT DISTRICT Notes to the accounts for the year ended 31 December 2024 (continued) Page 14 8.1 Flxed asset imiestments Investment Total Usted Properties 2024 2023 Carrying (market} value at beginning of the year Transfer from investments Additions at cost I Withdrawals 686,090 1,335,000 2,021,090 1,506,451 280.000 (100,000) (100,000) Net gain l (loss) on revaluation Carying value at end of year 234 639 1335 000 1956 209 2 021090 621209 Th e 999 year lease flat held for investmerrt was revalued by the Trustees following advice from the managing agents to £650.000 (2023- £650,000). The historic cost of this property was £410,000 (2023 £410,000). The 150 year lease flat held for investment was revalued by the Trustees following advice from the managing agents to £435,000 (2023 - £435,000). The hisloric cosl of this property was £280.000 (2023 £280.000). The propgrty In Som6rford Grove was addod to thé investrnents last year by a prior year adjustment (note 18) and was revalued by the Trustees following advice from the managing agents to £250,000. The historic cost of this propety was £Nil. 8.2 Current asset investments 2024 2023 COIF Deposit Accounts District Collingham I Samarilan Eric Lark 20,842 5,744 5,837 32,423 20,000 5,512 5,601 31,113 9 Stock 2024 2023 adges and shop miscellaneous 9,615 11,235 10 Debtory6 2024 2023 Scout Park hire Owed to shop 4,328 9,602 Explorer Units prepaid acttvities Other debtors and prepayments 7,542 29,778 46,922 2,636 6,964 11 Cash at bank and In hand 2024 2023 Cash at bank and in hand Cash in hand and floats 145,875 1,000 146,875 171,697 1,000 172,697
NORTH LONDON SCOUT DISTRICT Notes to the accounts for the year ended 31 December 2024 (continued) Page 15 12 Creditors and accruals 2024 2023 Money held on behalf of groups Taxation and social security other creditors 376 3.602 13 Designated funds {see note 16 for 2023 comparative) Balance brought foNiard Incoming Outgoing Balance carried fonvard Explorer Units Wild Wolf Tottenham Highgate l Homsey Kings Cross Seventurers 44,219 4,583 17,518 10,529 80,856 6,529 76,443 21,033 1.500 70,836 3,894 76,296 20,842 1.485 54,239 7,218 17,665 10,720 1,360 1,283 22,083 23,1256 79.477 208,444 196.609 110 91,312 Explorer scouting is a district provision responsible to the trustees for all financial matters. Each unit has responsibilty to raise funds and to be financially self supporting on a medium to long term basis. Funds raised byeach 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 finan new or existing units. Property replacementfund Balance brought forward Transter Outgoing Balance carried forward Transactions This fund has been created to set aside funds for the replacement of our existing buildings. 14 Restricted funds (see note 17 for the 2023 comparative) Balance brought fonvard Incoming Outgoing Balance carried forward Eric Lark Memorial Samaritanlcolling. Skip Adams 4.463 4.463 5,084 2,590 12,137 2,590 12,137 Deprived area fund 500 500 12.637 12,637
Page 16 NORTH LONDON SCOUT DISTRICT Notes to the accounts for the year ended 31 December 2024 Icontinuedl The Eric Lark Memorial Fund was set up in 1958 in tnetnory 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 bythe then Distrtct Lead Volunteerto give financial assistance to any scouter, or former scouter. or spouse. The use of the fund is entirely discrelionary at the disposal of the District Lead Volunteer in consultation wilh the Chaimian andlor Treasurer. The fund was amalgamated with the Collingham Fund in 2010 and it was resolved that in fuiure 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 scouterfrom the former St. Pancras District. There is no formal trust document and the original intent., that the incomé be used to support Gang Shows and Camp Fires in the Distri, 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. 15.1 Related parties The freehold and leasehold sites are h61d in trust by the Scout Association Trust Corporation. 15.2 Future Commitments There were no future commitments at the year end. 16 Designatad funds (yèar ended 31 December 2023) Balance brought fonNard Incoming Outgoing Balance carried forward Explorer Units Wild Wolf 28,412 4,572 25.784 5.641 2,181 95,165 2,962 53,841 24.077 1.270 78,359 2.951 62.107 19,189 2.106 44,219 4,583 17.518 10,529 1,345 Tottenham Highgate l Hornsey Kings Cross Seventurers Argo (474) 15.106 66.116 191,421 13.348 178,(0 1.283 79,477
NORTH LONDON SCOUT DISTRICT Notes to the accounts for the year ended 31 December 2024 {continued) Page 17 17 Restricted funds {year ended to 31 December 2023) Balance brought forward Incoming Outgoing Balance carried forward Eric Lark Memorial Samaritanlcolling. Skip Adams 4,463 5.084 4,463 5.084 Deprived Area Fund 500 500 18 Avallable unrestricted reserves Thefunds availabletothe District comprise unrestrtcted funds of £3,377,361 but net of fixed assets of £3,357,471 a total of £19,890 (2023: £85.464). This represents 1.5 weeks of our expenditure on unrestricted funds during the year. Part of our investments are though realisable quickly rf needed and the reserve is considered satisfactory. 19 Analysis of Net Assets Between Funds Fixed Investments Net Current Assets Totsl General Fund Designated Restricted 2,736,262 621,209 19,890 141,312 12,637 173.839 3,377,361 141,312 12,637 3,531,310 2,736,262 621,209
NORTH LONDON SCOUT DISTRICT Notes to the accounts forthe year endèd 31 December 2024 Page 18 20 Statement of Financial Activities {forthe year ended 31 December 2023) (restated) Unrestricted Funds {restated) TOTAL Restricted General Designated 2023 Incoming Resources Income and endowments from: Donations and legacies Charitable activities 37,112 71,371 130,367 36,138 39,928 145,070 6,423 77,040 216,441 136,790 36,138 Other trading activities Investments Other Total 274.988 191.421 466,409 Resources expended Expenditure on: Raising fijnds Charitable activities 18,189 397,658 415,847 18,189 575,717 593,906 178,059 178,059 Total Nét Income l (expenditure) before (140,859) 13.362 (127,4971 Transfer between funds investment gains l (105ses} Net gains l (losses) on investments 234,639 234,639 Net income l (expenditure) 107 142 Net movement in funds Reconciliation offund5- Total funds brought foward 3,388,997 116,115 12.637 3,517,749 Total funds carried forNard 3,482,777 129,477 12,637 3,624,891