OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

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Risk and Internal
Control
The Group
Executive
Committee
has
identified
the major
risks
to
ed
which they believe the Group is exposed, these have been review
he
and systems
have been established
to mitigate
against
them. T
main areas ofconcern that have been identified are:
Damage to the building,
property
and equipment.
The Group w
Id
u
request
the
use
of
buildings,
property
and
equipment
f
m
o
neighbouring
organisations
such as the church,
community
ce
re
t
and other Scout Groups.
Similar reciprocal
arrangements
exist
th
i
these organisations.
The Group has sufficient
buildings
and conte
ts
insurance
in place to mitigate against permanent
loss.
Injury to leaders, helpers, supporters
and members. The Group
through
the capitation fees contributes
to the Scout Associations
national accident insurance
policy. Risk Assessments
are undertak
n
before all activities.
Reduced
income
from
subscriptions
fund
raising.
The
Group
s
primarily
reliant upon income from subscriptions
and fundraising.
T e
group does hold a reserve to ensure the continuity ofactivities shou d
there
be a major
reduction
in income,
suchas as occured
during
2021/21 due to COVID. The reserve is sufficient to keep the Group
i
operation
for a period
significantly
in excess of 12 months.
Th
Committee
could
raise the value
of subscriptions
to increase
th
income
to the
group
on
an
ongoing
basis,
either
temporarily
o
permanently.
Reduction
or loss of leaders.
The
group
is
totally
reliant
upon
volunteers
to run and administer
the activities of the grou . If th
w
r duction
in the number of leaders to an unacceptable
level
in
a
particular
section or the group as a whole then there would have
to
be
a contraction,
consolidation
or closure of a section.
In the worst
ca
se scenario the complete closure ofthe Group.
R
eduction
or loss of members.
The Group
provides
activities
for
all
y
oung people aged 6to 18.Ifthere was a reduction
in membership
in
a
particular
section or the group as whole then there would
have
to
b
e a contraction,
consolidation
or closure of a section.
In the worst
se scenario the complete closure ofthe Group.
Th
egroup has in place systems ofinternal controls
that are
de
signed to provide reasonable
assurance
against material
m
ismanagement
or loss, these include 2signatories
for all payments
an
d comprehensive
insurance
policies to ensure that insurable
risks
ar
ecovered.
Summary ofthe objects ofthe ofthe objects ofthe charity
set out in its governing document The objectives ofthe group are as a unit ofthe Scout Association.
The Aim ofThe Scout Association
is to promote the development
o
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
method
of achieving
the Aim of the Association
is by providing
an
enjoyable and attractive scheme ofprogressive
training,
based on
the
Scout Promise and Law and guided
by adult leadership.
Scouting exists to actively engage
and support
young people
in
their
personal
development,
empowering
them
to
make
a
positive
contribution
to society.
As Scouts we are guided
by Integrity,
Respect, Care, Belief and
Co-
operation.
Summary
relation to
otthe main activities
these objects
in Various activities, camping, etc
Public Benefit Statement The Group meets the Charity Commission's
public benefit criteria
under both the advancement
ofeducation
and the advancement
of
citizenship
or community
development
headings.
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Summary ofthe main achievements
of
the charity during the year
1)Growing the membership
ofthe Group by providing
worthwhile
stimulating
programmes
for young people.
and
Brief statement Brief statement Brief statement ofthe charity's ofthe charity's ofthe charity's ofthe charity's policy on
reserves Reserves Policy
The Group's
policy
on reserves
is to hold sufficient resources to
continue
the charitable
activities
of the group
should
income and
fundraising activities
fall
short.
The Group
Executive
Committee
considers that the group should hold a sum equivalent to 12 months
running
costs, circa f35,000
The Group held
reserves
of approximately
f80,000, plus a further
f50,000 in the main accounts against this at year end.
Quantify and explain any designations
Details ofany funds materially in deficit N/A
(circumstances plus steps to eliminate)
Further financial review details
Investment Policy
~the charity's principal sources offunds
The Group's net tncome and Expenditure is very small and as a
consequence
does not have sufficient
funds to invest
in
longer-term
investments such as stocks and shares. The Group has therefore
adopted a low risk strategy to the investment ofits funds. All funds
are held in cash using only mainstream banks or building societies or
The Scout Association's
Short Term Investment
Service.
~ how expenditure
key objectives of
has supported
the charity;
the The Group Executive regularly
monitors
and the interest rates received to ensure
the levels ofbank balances
the group obtains maximum
value and income from its banking arrangements.
Occasionally
this
may involve using an account that requires a period ofnotice before
funds may be withdrawn,
before doing
so the Group Executive
considers the cash flow requirements.
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Plans for future periods (details ofany
significant activities planned to achieve Various fundraising
activities
them)
Replacement
ofthe Group minibuses
and other scouting equipment
as required

Forthe year
from
To 314hr-23
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2022/23 2021/22
General &
Reserve
Restricted
Funds
Totalfunds Totalfunds
Receipts
Donations, legacies and similar income
Membership subscriptions 13.320 13,320 9,685
Less: Membership subscriptions paid on~~~~ 8,051 8,051 7,668
Net membership subscnptions retained 5,269 5,269 2,017
Donations 139
GIRAid 3,631 3,631 11,278
Other income (Misc) 825 825 385
Sub total 9,725 9,725 13,820
Grants
Other grants (Wokingham Borough)
Sub total
Fundraising (gross)
Donkey Derby 5,379 5,379 110
Marquee
Hire
1,700 1,700 1,367
Minibus
Hire
HQ Hire 7,919 7,919 6,834
Other fundraising activities 4,746 5,331 1,983
Sub total 20,194 20,779 10,514
Investment income
Bank interest 97
Building Society interest
Sub total 97
Total Gross Income 30,690 31,275 24,431
Asset and investment sales, etc.
Total receipts 30,690 31,275 24,431