1[st] Burghfield Scout Group Treasurer Report Financial Year 2022/23
Financial Summary
This financial year finally saw us move to full time face-to-face meetings as the impact of COVID has diminished. We also returned to full subs for the first time since the pandemic. We have purchased a new van, expanded and refitted the kitchen and fitted an electric roller door to the stores to increase security and ease of access.
Balance Sheet Summary
Total Cash in bank as of 31-Mar-23 was £71,538 compared to £106,185 as at 31-Mar-22. This is a decrease of approx £34,646 YoY and reflects the investment that we have put into the group including purchase of a new van (£16K), installation of a roller door for stores to increase security (£2.4K) and the expansion and refit of the kitchen at the hut (£23.8K) amongst others.
Fixed Assets had a net book value of £58,233 vs £19,184 in PY. This increase is in relation to the investment noted above.
Profit and Loss Summary
Overall the Group made a profit of £5,484 in the year vs £27,322 for prior year. This reduction in profit of £21.8K can be explained in part by the reduction in grants and donations we have received. Due to COVID we were able to apply for and receive grants totalling £25K in 2021/22 which were not available this year. We have also increased expenditure in line with the return to full-time scouting.
Income
The overall income received by the group has decreased in this financial year from £85,201 to £69,248, this is a decrease of £15,953 year-on-year (YoY).
Areas where has been significant changes in income that are of note, include:
Income Increase
Gift Aid – Two gift aid reclaims were made in this year totalling £15,583. No reclaims were made in prior year.
Hire of HQ – A small increase YoY of £1,080 from £15,050 to £16,130
Van Hire income – We did not have a van in prior year so we have had an increase of £1,350 YoY.
Income Decrease
Donations and Grants – a decrease of £26,935 from £28,141 of £1,205. Minimal donations grants were received this year.
Fund Raising Events – No fund raising was done in this year, therefore a reduction of £2,391.
Expenditure
The overall expenditure by the group has increased from £57,879 to £63,764, this is an increase of £5,884 (10%) YoY. This reflects the general increase of activities and scouting during the year including the increase of the allowances available to each section for activities. We have also had an increase in expenditure in relation to the van which we did not have in the prior year
Areas where has been significant changes in expenditure that are of note, include:
Expenditure Increase
Camp Expenditure - an increase of £5,820, much of this increase relates to the Denmark camp that encountered significant issues causing increased costs.
Capitation – Increased by £1,976 due to increased charges by the Scout Association.
Depreciation – Increase by £2,942 reflecting the increased investment on solar panels
Termly Section Allowances – An increase of £1,286 overall reflecting the increase in allowances to sections.
Van fuel and MOT/Service/Repairs –an increase of £4,189 – Prior year we did not have a van or any associated costs.
Expenditure Decrease
Fund Raising Expenditure – No fund raising was done in this year, therefore a reduction of £1,929.
Group Equipment – Less equipment has been purchased this year, giving a reduction of £5,847 from £6,854 to £1,006
IndepÈndent examlnerfs report to ihe trusteei of I" Burihfleld Scout Group I report to the tru5teE5 on my examlnallon of the uttounts ol the ill 8uryhfield Sc(Jt GT¢xv Icff year endod 31 March 2023 Re5ponslbllltles and basls of rèport As the chadtytW5teÈs of the l BuTghfiEld 5coutGroupyou 8r? feswnsible for the Preparh ol the actounts In accvrdèn with the requlrEments ol the Chlrltles Act 20111'th• kti. I reportin re5Pert of myexamlnation of the Burghfleld Scout Group actounts cri2d wtunder $tIOn 145 of the 2011 ktand In caryin8lMJt my examinatlon I have foll(wiEd all the appIats 8p¥n try the CharityComrni55ion under SlI0n 1451Sllbl of the Act. Independent Èxam5nerfs ststement I have completed rny examination. I confimi that no tnateri31 matters have Etsme to my attenoon in connettion with the examination giving me cause to lIeVe that in any rnaterial re5Fect: accounting retord5 were not kept in respect ol thÈ l Burghfield Setyrt Group as required settion 130 of the ACL or z the accounts do not Cord with those recor&. I have conn$ and have come acros5 no other rnatteTS in connectiOnV4ith the eyaminatior to which attention shrNJld be drawn in thi5 report in order to enable a proper understsrKiingof the ¥counts to be reached. Signed.. Name.. Mr5 Emma aaire Sibl ACA Relevant professional qualtfication or rnembership.. 8sc Ikcountin81 Hull 1994 ICAEW-ACA 1997- Membership number 8555825 Addres5.' Sycamore H¢)use, Hollybush Lane, burfield Commcfj, Readin& RG7 3JL Date..
1st Burghfield Scout Group
Balance Sheet
As of March 31, 2023
| TOTAL | |
|---|---|
| Fixed Asset | |
| Tangible assets | |
| Depreciation BS | 0.00 |
| Equipment | 0.00 |
| Equipment Depreciation | -25,290.02 |
| Equipment Purchase | 27,749.51 |
| Total Equipment | 2,459.49 |
| Furniture and Fixtures | 0.00 |
| Furniture and Fix Depreciation | -4,712.50 |
| Furniture and Fixtures Purchase | 44,486.15 |
| Total Furniture and Fixtures | 39,773.65 |
| Vehicles | 0.00 |
| Vehicle Depreciation | -7,060.00 |
| Vehicle Purchase | 23,060.00 |
| Total Vehicles | 16,000.00 |
| Total Tangible assets | £58,233.14 |
| Total Fixed Asset | £58,233.14 |
| Cash at bank and in hand | |
| CAF Debit Card | 0.00 |
| CAF Explorers | 0.00 |
| CAF Gold Reserve | 37,655.08 |
| CAF HQ Extension | 0.00 |
| CAF Property Account | 0.00 |
| CAF Sections Account | 33,808.70 |
| Petty Cash | 74.50 |
| The Scout Association | 0.00 |
| Total Cash at bank and in hand | £71,538.28 |
| Debtors | |
| Accounts Receivable | 1,832.00 |
| Total Debtors | £1,832.00 |
| Current Assets | |
| Prepaid Expenses | 1,350.00 |
| Total Current Assets | £1,350.00 |
| NET CURRENT ASSETS | £74,720.28 |
| Creditors: amounts falling due within one year | |
| Current Liabilities | |
| Accrued Expenses | 0.00 |
| Unearned or Deferred Revenue | 0.00 |
| Deferred Camp Revenue | 3,000.00 |
| Total Unearned or Deferred Revenue | 3,000.00 |
Accrual Basis Friday, 7 July 2023 12:41 pm GMT+01:00
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1st Burghfield Scout Group
Balance Sheet
As of March 31, 2023
| TOTAL | |
|---|---|
| VAT Liability | 0.00 |
| Total Current Liabilities | £3,000.00 |
| Total Creditors: amounts falling due within one year | £3,000.00 |
| NET CURRENT ASSETS (LIABILITIES) | £71,720.28 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | £129,953.42 |
| Creditors: amounts falling due after more than one year | |
| Other Liabilities | 20.00 |
| Total Creditors: amounts falling due after more than one year | £20.00 |
| TOTAL NET ASSETS (LIABILITIES) | £129,933.42 |
| Charity funds | |
| Unrestricted Funds | 69,477.15 |
| Unrestricted Net Assets | 54,972.63 |
| Surplus/(Deficit) | 5,483.64 |
| Total Charity funds | £129,933.42 |
Accrual Basis Friday, 7 July 2023 12:41 pm GMT+01:00
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1st Burghfield Scout Group
Financial Activities
April 2022 - March 2023
| TOTAL | |
|---|---|
| Income | |
| Bank Interest Earned | 340.40 |
| Camp Income | 0.00 |
| Cub Camps | 316.71 |
| Family Camp | -569.70 |
| Scout Camps | 273.97 |
| Survival Camp | 33.74 |
| Total Camp Income | 54.72 |
| Donation | 1,205.46 |
| Gift Aid claims on donations | 15,582.95 |
| Total Donation | 16,788.41 |
| Hire of HQ Income | 16,130.15 |
| Hire of Marquee Income | 750.00 |
| Membership Fees | 190.00 |
| Services | 0.00 |
| Termly Subs Income | 33,644.00 |
| Van Hire Income | 1,350.00 |
| Total Income | £69,247.68 |
| TOTAL | £69,247.68 |
| Expenditures | |
| Awards and Grants | 195.00 |
| Badges/Books | 3,062.55 |
| Bank Charges | 72.00 |
| Go Cardless Charges | 1,356.03 |
| Total Bank Charges | 1,428.03 |
| Camp Expenditure | 0.00 |
| Denmark Camp Expenditure | 6,848.17 |
| Total Camp Expenditure | 6,848.17 |
| Capitation | 17,308.90 |
| Depreciation Expense | 4,796.00 |
| Group Clothing Expense | 731.57 |
| Group Equipment | 1,006.25 |
| Group Social Event Expenditure | 225.00 |
| Hire of Section venue | 752.95 |
| HQ Running Costs | 6,514.94 |
| Cleaning of HQ | 4,467.95 |
| Total HQ Running Costs | 10,982.89 |
| Insurance Expense | 3,473.70 |
| Office Expense | 566.64 |
| Rent and Rates | 62.32 |
| Rubbish Collection | 1,172.67 |
Accrual Basis Friday, 7 July 2023 12:42 pm GMT+01:00
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1st Burghfield Scout Group
Financial Activities
April 2022 - March 2023
| TOTAL | |
|---|---|
| Termly Section Allowances | 0.00 |
| Cougar Cubs Expenditure | 268.19 |
| DoE | -568.36 |
| Eagle Scouts Expense | 1,223.08 |
| Falcon Scouts Expense | 362.43 |
| Hawk Scouts Expense | 265.14 |
| Jaguar Cubs Expenses | 104.02 |
| Network expenses | -106.94 |
| Panther Cubs Expenditure | 753.59 |
| Pathfinder Beavers Expense | 666.28 |
| Pioneer Beaver Expense | 527.78 |
| TAO Explorer expense | 301.83 |
| Triton Explorer Expenses | 1,158.65 |
| Voyager Beaver Expense | 428.89 |
| Total Termly Section Allowances | 5,384.58 |
| Utilities | 0.00 |
| Electric | 1,117.45 |
| Telephone | 399.53 |
| Water Rates | 60.00 |
| Total Utilities | 1,576.98 |
| Vehicle Expense | 0.00 |
| Fuel | 244.44 |
| Insurance and Tax | 1,468.90 |
| MOT, Service and Repairs | 2,476.50 |
| Total Vehicle Expense | 4,189.84 |
| Total Expenditures | £63,764.04 |
| NET OPERATING INCOME | £5,483.64 |
| NET INCOME/(EXPENDITURE) | £5,483.64 |
Accrual Basis Friday, 7 July 2023 12:42 pm GMT+01:00
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