TREASURERS REPORT AGM 27TH JULY 2021 7 TH KINGS LYNN SCOUT GROUP
This financial year 1[st] April 2020 to 31[st] March 2021 has been unprecedented with the event of Covid 19 and the following lockdowns. Due to this, subscriptions were not charged as sections were not able to run as normal, we lost most of the years income from hirers and were unable to fundraise. Fortunately we were in the lucky position that as the group owns the headquarters we were able to claim the Covid 19 grants available from the local council. Grants/donations were also received from Lloyds Bank, Bespak, Amanda and District. This all resulted in a gross profit of over £26k.
The group still had the usual running costs of Insurance and utilities as well as capitation and money spent on activities for zoom sessions etc. The Exec committee also decided to spend some of the grants received on having the trees/hedges cut back and grounds maintained and took advantage of the hall not being in use by having it decorated. A total spend of just over £13k resulting in a net profit of over £13k. Added to the already healthy balance in the bank and other assets on the balance sheet this means the group had total net assets of £27,502.92 at the end of the financial year.
This puts the group in a very strong financial position going forward.
Melanie
7th King's Lynn Scout Group
Profit and Loss Report
01 April, 2020 - 31 March, 2021
| Sales | ||
|---|---|---|
| 0001 - Subscriptions | 58.50 | |
| 0002 - Extra Activities | 503.36 | |
| 0003 - Badges/Neckers | 15.00 | |
| 0004 - Fundraising | 115.26 | |
| 0005 - Donations | 1,710.00 | |
| 0006 - Hall Hire | 3,483.50 | |
| 0007 - Misc | 50.00 | |
| 0019 - Activities Sections | 62.95 | |
| 10000 - Grants | 20,708.00 | |
| Total Sales | £26,706.57 | |
| Direct Expenses | ||
| 0009 - Membership | 750.00 | |
| 0012 - Activities Sections | 520.28 | |
| 0013 - Extra Activities | 444.00 | |
| 0014 - Badges/Neckers | 232.26 | |
| 0015 - Fundraising | 182.63 | |
| 0017 - Misc | 487.57 | |
| Total Direct Expenses | £2,616.74 | |
| GROSS PROFIT / LOSS | £24,089.83 | |
| Overheads | ||
| 0016 - Building Maintenance | 8,749.20 | |
| 7110 - Water Rates | 408.00 | |
| 7130 - Premises Insurance | 350.38 | |
11 Jun 2021 10:09
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| 7200 - Electricity 564.34 |
|
|---|---|
| 7210 - Gas & Oil 266.96 |
|
| 7810 - Cleaning 216.00 |
|
| Total Overheads | £10,554.88 |
| NET PROFIT / LOSS | £13,534.95 |
11 Jun 2021 10:09
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LT700005- Scrutineerfs Report to the Tn Uuly 2019) Scrutineer's Report to the Trustees of the 7th King's Lynn Scout group I report on the accounts of the Group for the year ended .-........31March 2021....................................................................... As the Group'slDistricVs trustees you are responsible for the preparation of the accounts: you consider that neither the audit nor independent examination requirements of the Charities Act 2011 apply. It is my responsibility without carying out an audit or independent examination to scrutinise the accounts and to report to you. In accordance with the directions given in the Group'slDistrict's constitution. I have scrutinised the records and the accounts set out for April 2020 to March 2021 In my opinion the accounts are in accordance with the records produced to me and comply with the constitution. Name: .....-. Address: ......