Charity registration number: 272863
Exeter and District Scout Council
Annual Report and Financial Statements for the year ended 31 March 2024
Exeter and District Scout Council
Contents
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees’ Report | 2 |
| Independent Examiner’s Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 |
Exeter and District Scout Council
Reference and Administrative Details
Trustees:
Mrs R Luxton District Commissioner Mrs V Drew District Treasurer Mrs S Ball District Secretary Mr S James Chair (appointed 4 March 2023) Mr R Ball Mr M P Bendell Mrs M C M Brown Mr N Davey Mr M Kolaszynski (appointed 5 July 2023) Mr D Madge (retired 5 July 2023) Mrs J Manville
Charity Registration Number: 272863 Principal Office: Little Silver Activity and Training Centre Unit 9 Ashton Business Centre Ashton Road Marsh Barton Trading Estate Exeter EX2 8LN Independent Examiner: GX Accountancy & Bookkeeping Services 1 Fortescue Court Fortescue Farm Thorverton EX5 5JN Bankers: NatWest 59 High Street Exeter EX4 3DL
Page 1
Exeter and District Scout Council Trustees Report For the year ended 31 March 2024
The trustees present their annual report together with the financial statements of the charity for the year ended 31 March 2024.
Structure, governance and management
Nature of governing document
The Exeter and District Scout Council's governing documents are those of The Scout Association. They consist of a Royal Charter, which in turn gives authority to the Bye Laws of the Association and The Policy, Organisation and Rules of The Scout Association.
Trustees and officers
The trustees and officers serving during the year and since the year end are set out on page 1.
Recruitment and appointment of trustees
Trustees are appointed in accordance with the policy, organisation and rules of The Scout Association.
Governance
President: Mr P Holland Vice-Presidents: Mrs S Bendell Mr P Micheson Mr D Madge
Objectives and activities
Purpose
Our purpose is to actively engage and support young people in their personal development, empowering them to make a positive contribution to society.
Public Benefit
We believe we’ve met the Charity Commission’s public benefit criteria for both the advancement of education, and the advancement of citizenship and community development. Scouts follows two key principles set by the Commission with regard to public benefit:
1. Identifiable benefit
The way we help young people in their personal development and empower them to make a positive contribution to society. This benefit is directly linked to the purpose of Scouts.
2. Public benefit
Scouts is a national movement. We’re open to all young people aged 4–24 and adult volunteers who are willing to make the Scout Promise. We help young people step up, speak up and dream big. Most importantly, we help them gain the skills they need to succeed in life.
We’re proud that all young people, particularly those in areas of deprivation, can benefit from our programme and aren’t constrained by their ability to pay the subscription. Locally, there are arrangements to waive subscriptions and other costs for those who face financial hardship.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 2
Exeter and District Scout Council Trustees Report For the year ended 31 March 2024
Achievements and performance
Our latest census figures (January 2024) show that our young members increased to 865 during the year which represents an uplift of 7%. This is a significant increase and is higher than both County and National level. The increase included the opening of one new Squirrel Drey.
We were pleased to be able to organise and enjoy a full range of activities for all ages which included The Gang Show, St George’s Day Parade and Service, Remembrance Day commemorations, Exeter Monopoly Run, Ten Tors Training and completion, various annual camping events and much more.
Seven young people attended the 26[th] World Scout Jamboree in South Korea in August 2023, along with 40,000 Scouts from around the world. Despite news reports of problems associated with the event, all our members had a very enjoyable and rewarding time.
Once again, we decided to provide community support by collecting food for the Exeter Foodbank for their Christmas Appeal as well as a contribution to their Easter Egg collection.
The Scout and Guide shop continues to support Scouters and Guiders in providing uniform and badges whilst contributing much needed funds to the District.
During the year the Trustee Board also took the decision to use surplus funds to pay down £20,000 of the mortgage outstanding on Little Silver. This was deemed as prudent given the increase in interest costs and the availability of funds.
As the year draws to a close then as a Trustee Board our focus has been on completing a Transformation process that will see a demarcation between Governance and Operational activities. As a Board we are confident that our Transformation will be substantially complete by the time of the AGM.
Financial review
During the year the charity received total income of £159,266 (2023: £141,296), most of which came from shop and other sales (£85,508, 2023: £81,772) and income generated from charitable activities (£70,773, 2023: £54,261).
Total expenditure of £139,787 (2023: £140,733) included £68,977 (2023: £68,792) directly spent on achieving our charitable objects and £70,810 (2023: £71,941) generating shop and other income. The total surplus of £19,479 (2023: £563) bought our total reserves at the end of the year to £525,527 (2023: £506,048).
Policy on reserves
The charity’s total funds at the year end were £525,527. The Trustees have considered the financial risks to which the charity is exposed and consider that liquid funds of approximately twelve month’s expenditure, £50,000, would be sufficient to manage an unexpected reduction in income or increase in operating costs. They are satisfied that the reserves at the year end are sufficient to cover this.
Page 3
Exeter and District Scout Council Trustees Report For the year ended 31 March 2024
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities 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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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 Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 3 July 2024 and signed on its behalf by:
Mr S James Chair
Mrs V Drew District Treasurer
Page 4
Exeter and District Scout Council
Statement of Financial Activities for the year ended 31 March 2024
I report to the trustees on my examination of the accounts of Exeter and District Scout Council for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of Exeter and District Scout Council you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Exeter and District Scout Council's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of Exeter and District Scout Council as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Glenn Redler BFP FCA GX Accountancy & Bookkeeping Services 1 Fortescue Court Fortescue Farm Thorverton EX5 5JN
Date 10 July 2024
Page 5
Exeter and District Scout Council
Statement of Financial Activities for the year ended 31 March 2024
| Note Incoming resources Donations and legacies 2 Charitable activities 3 Other trading activities 4 Investment income 5 Total Income Expenditure Cost of raising funds 6 Charitable activities 7 Total Expenditure Net income / (expenditure) for the year Funds brought forward Funds carried forward |
Unrestricted Funds £ 2,082 70,773 85,508 903 159,266 70,810 68,613 139,423 19,843 501,746 521,589 |
Restricted Funds £ - - - - - - 364 364 (364) 4,302 3,938 |
Total 2024 £ 2,082 70,773 85,508 903 159,266 70,810 68,977 139,787 19,479 506,048 525,527 |
Total 2023 £ 5,005 54,261 81,772 258 |
|---|---|---|---|---|
| 141,296 | ||||
| 71,941 68,792 |
||||
| 140,733 | ||||
| 563 505,485 |
||||
| 506,048 |
The notes on pages 8 to 16 form an integral part of these financial statements.
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Exeter and District Scout Council
Balance Sheet as at 31 March 2024
| Note Fixed Assets Tangible assets 10 Current Assets Stocks 11 Debtors 12 Cash at bank and in hand 13 Creditors: Amounts falling due within one year 14 Net current assets Total assets less current liabilities Creditors: Amounts falling due after one year 15 Net assets Reserves Restricted funds Unrestricted fund |
2024 £ 487,908 41,875 17,685 129,050 188,610 (82,065) 106,545 594,453 (68,926) 525,527 3,938 521,589 525,527 |
2023 £ 495,846 40,936 4,351 127,024 |
|---|---|---|
| 172,311 (66,214) |
||
| 106,097 | ||
| 601,943 (95,895) |
||
| 506,048 | ||
| 4,302 501,746 |
||
| 506,048 |
The financial statements were approved by the Board of Trustees on 3 July 2024 and signed on their behalf by:
Mrs V Drew Mr S James District Treasurer Chair
The notes on pages 8 to 16 form an integral part of these financial statements.
Page 7
Exeter and District Scout Council
Notes to the Financial Statements for the year ended 31 March 2024
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Exeter and District Scout Council meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies or notes to these financial statements.
Going concern
The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. No such uncertainties have been identified.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Deferred income
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:
-
The donor specifies that the grant or donation must only be used in future accounting periods; or
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The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with depreciation charges allocated on the portion of the asset’s use.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Exeter and District Scout Council
Notes to the Financial Statements for the year ended 31 March 2024
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including accounts examination, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is a registered charity and therefore is not liable for income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost.
The freehold property of the charity was revalued as at 1st April 2014, the transition date to FRS102. In accordance with the transitional arrangements of FRS102 that revaluation is carried as deemed cost without further need for periodic revaluations.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation rate and method Freehold buildings 4% straight line Freehold land Nil Scout equipment 25% reducing balance Shop equipment 10% reducing balance
Stock
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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Exeter and District Scout Council
Notes to the Financial Statements for the year ended 31 March 2024
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
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Exeter and District Scout Council
Notes to the Financial Statements for the year ended 31 March 2024
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment. With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
2 Income from donations and legacies
| Donations Gift aid reclaimed Total for 2024 |
Unrestricted Funds £ 992 1,090 2,082 |
Restricted Funds £ - - - |
Total 2024 £ 992 1,090 2,082 |
Total 2023 £ 4,092 913 5,005 |
|---|---|---|---|---|
3 Income from charitable activities
| Council Groups support Explorer Scouts Gang Show District activities HQ Lettings |
Unrestricted Funds £ 11,620 4,641 5,284 15,720 12,085 21,423 70,773 |
Restricted Funds £ - - - - - - - |
Total 2024 £ 11,620 4,641 5,284 15,720 12,085 21,423 70,773 |
Total 2023 £ 8,363 3,583 9,346 11,831 5,707 15,431 54,261 |
|---|---|---|---|---|
Funds Received as Agent
The Council received membership subscriptions totalling £51,780 (2023: £41,855), of which £40,326 (2023: £36,945) was paid over to The Scout Association. The Council's share of these memberships of £11,454 (2023: £4,910) is shown as income in the accounts.
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Exeter and District Scout Council
Notes to the Financial Statements for the year ended 31 March 2024
4 Income from other trading activities
| Trading income: Sales of goods 5 Investment income Interest receivable and similar income; Bank interest received 6 Expenditure on trading activities Costs of goods sold Marketing and publicity Depreciation Other shop costs |
Unrestricted Funds £ 85,508 Unrestricted Funds £ 903 Unrestricted Funds £ 62,583 227 244 7,756 70,810 |
Restricted Funds £ - Restricted Funds £ - Restricted Funds £ - - - - - |
Total 2024 £ 85,508 Total 2024 £ 903 Total 2024 £ 62,583 227 244 7,756 70,810 |
Total 2023 £ 81,772 |
|
|---|---|---|---|---|---|
| Total 2023 £ 258 |
|||||
| Total 2023 £ 68,205 259 275 3,202 71,941 |
7 Expenditure on charitable activities
| Council Groups support Explorer Scouts Gang Show District Activities HQ running costs Depreciation Governance costs |
Unrestricted Funds £ 9,942 4,507 5,926 15,613 11,686 11,792 7,694 1,453 68,613 |
Restricted Funds £ 234 - - - 130 - - - 364 |
Total 2024 £ 10,176 4,507 5,926 15,613 11,816 11,792 7,694 1,453 68,977 |
Total 2023 £ 15,918 3,224 11,081 15,438 - 14,415 7,851 865 68,792 |
|---|---|---|---|---|
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Exeter and District Scout Council
Notes to the Financial Statements for the year ended 31 March 2024
8 Analysis of governance costs
| Trustee expenses Legal fees Independent examiner fees; Examination of the financial statements |
Unrestricted Funds £ 103 500 850 1,453 |
Restricted Funds £ - - - - - |
Total 2024 £ 103 500 850 1,453 |
Total 2023 £ - - 865 865 |
|---|---|---|---|---|
9 Trustees remuneration and expenses
During the year the charity reimbursed expenses of £103 to two trustees (2023: £697 to two trustees)
10 Tangible Fixed Assets
| Cost At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 |
Land and Buildings £ 555,670 555,670 64,135 7,227 71,362 484,308 491,535 |
Furniture and Equipment £ 26,568 26,568 22,257 711 22,968 3,600 4,311 |
Total £ 582,238 |
|---|---|---|---|
| 582,238 | |||
| 86,392 7,938 |
|||
| 94,330 | |||
| 487,908 | |||
| 495,846 |
Revaluation
The charity’s land and buildings were revalued on 1 April 2014 (the transition date to FRS102) by the Trustees. An independent valuer was not involved. In accordance with the transitional arrangements of FRS102 that revaluation is carried as deemed cost without need for further valuation. Had this class of assets been included at their historical cost then their carrying amount would have been £337,415 (2023 £343,528).
11 Stock
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Stock | 41,875 | - | 41,875 | 40,936 |
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Exeter and District Scout Council
Notes to the Financial Statements for the year ended 31 March 2024
| 12 Debtors Trade debtors Prepayments Accrued income |
Unrestricted Funds £ 3,683 14,002 - 17,685 |
Restricted Funds £ - - - - |
Total 2024 £ 3,683 14,002 - 17,685 |
Total 2023 £ 3,456 364 531 4,351 |
|---|---|---|---|---|
| 13 Cash and cash equivalents Cash on hand Cash at bank |
Unrestricted Funds £ 314 124,798 125,112 |
Restricted Funds £ - 3,938 3,938 |
Total 2024 £ 314 128,736 129,050 |
Total 2023 £ 48 126,976 127,024 |
|---|---|---|---|---|
14 Creditors: amounts falling due within one year
| Trade creditors VAT Bank loan Accruals Deferred income |
Unrestricted Funds £ 831 716 7,923 850 71,745 82,065 |
Restricted Funds £ - - - - - - |
Total 2024 £ 831 716 7,923 850 71,745 82,065 |
Total 2023 £ 3,750 1,229 7,725 775 52,735 66,214 |
|---|---|---|---|---|
The bank loan included above of £7,923 (2023: £7,725) is secured on the charity’s freehold property.
Included in the above is deferred income as set out below:
| Deferred income brought forward at 1 April Resources deferred in the period Amounts released from previous periods Deferred income carried forward at 31 March |
Total 2024 £ 52,735 71,745 (52,735) 71,745 |
Total 2023 £ 41,855 52,735 (41,855) 52,735 |
|---|---|---|
Deferred income carried forward above includes £56,225 (2023: £51,480) of membership subscriptions for 2024/2025 and includes an element which has been collected as agent for The Scout Association.
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Exeter and District Scout Council
Notes to the Financial Statements for the year ended 31 March 2024
15 Creditors: amounts falling due after one year
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Bank loan | 68,926 | - | 68,926 | 95,895 |
The bank loan included above of £68,926 (2023: £95,895) is secured on the charity’s freehold property.
16 Funds
| 6 Funds | ||||
|---|---|---|---|---|
| Unrestricted funds General fund Restricted funds Ten Tors Equipment Climbing wall Squirrels Other Total funds Unrestricted funds General fund Restricted funds Ten Tors Equipment Climbing wall Squirrels Other Total funds |
Balance at 1 April 2023 £ 501,746 1,968 745 1,459 130 4,302 506,048 Balance at 1 April 2022 £ 503,517 1,968 - - - 1,968 505,485 |
Incoming Resources £ 159,266 - - - - - 159,266 Incoming Resources £ 131,792 - 745 1,459 130 2,334 134,126 |
Resources Expended £ (139,423) - - (234) (130) (364) (139,787) Resources Expended £ (133,563) - - - - - (133,563) |
Balance at 31 March 2024 £ 521,589 1,968 745 1,225 - |
| 3,938 | ||||
| 525,527 Balance at 31 March 2023 £ 501,746 1,968 745 1,459 130 |
||||
| 4,302 | ||||
| 506,048 |
Restricted funds are as follows:
Ten Tors Equipment – comprises funds received towards the purchase of equipment for use on Ten Tors events.
Climbing Wall – represents funds given towards the renovation of our climbing wall.
Squirrels – are funds given towards activity equipment and leader training for the Squirrels group.
Other – comprises small amounts given for specific gifts or other costs.
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Exeter and District Scout Council
Notes to the Financial Statements for the year ended 31 March 2024
17 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Creditors due after 1 year Total net assets Tangible fixed assets Current assets Current liabilities Creditors due after 1 year Total net assets |
Unrestricted funds £ 487,908 184,672 (82,065) (68,926) 521,589 Unrestricted funds £ 495,846 168,009 (66,214) (95,895) 501,746 |
Restricted funds £ - 3,938 - - 3,938 Restricted funds £ - 4,302 - - 4,302 |
Total funds at 31 March 2024 £ 487,908 188,610 (82,065) (68,926) 525,527 Total funds at 31 March 2023 £ 495,846 172,311 (66,214) (95,895) 506,048 |
|---|---|---|---|
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