## **27th Cambridge Scout Group Trustees Annual Report 2024** 

## **Objectives** 

Scouts actively engages and supports young people in their personal development, empowering them to make a positive contribution to society. 

## **Activites** 

The group is composed of 3 Sections : Beavers, Cubs and Scouts. There are about 20 Beavers, 30 cubs and 35 Scouts. Each Section meets weekly during school terms. Camps and other activities are organised in addition to weekly meetings. The Group is run by about 20 volunteers. 

## **Public benefit** 

The Group meets the Charity Commission’s public benefit criteria under both the advancement of education and the advancement of citizenship or community development headings. 

## **Financial Report 2024** 

## **Reserves policy** 

The Trustees have agreed that a reserves level of 100% of subsscriptons - the main income of the Sections, plus 200% of Gift Aid - the main income of the Group. This equates to approixmately £16,000. 

## **Investment policy** 

The reserves not required for cash flow purposes, are to be invested in an instant savings account, and 3 off 1 year fixed rate bonds, staggered at 4 month intervals,at a Building Society. Each of these will have approximately £4,000 invested. This gives a balance between investment income and timely access to reserves if required. 

## **Financial Statements for the year ending 31st March 2024** 

**Statement of Financial Activities for the year ending 31st March 2024** 

|**Statement of Financial Activities for the year ending 31st March**|**2024**||||||
|---|---|---|---|---|---|---|
||**31 March 2024**|||**31 March 2023**|||
|**Income**|**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|Membership subscriptions|£10,966.00|£0.00|£10,966.00|£10,158.50|£0.00|£10,158.50|
|Gift Aid|£2,380.86|£0.00|£2,380.86|£2,018.20|£0.00|£2,018.20|
|Donations|£5.40|£0.00|£5.40|£2.00|£0.00|£2.00|
|Fundraising|£730.55|£0.00|£730.55|£349.45|£0.00|£349.45|
|Grants|£0.00|£5,200.00|£5,200.00|£0.00|£48.04|£48.04|
|Investments|£106.93|£0.00|£106.93|£0.00|£0.00|£0.00|
|Activities (camps/events)|£5,819.00|£0.00|£5,819.00|£6,579.00|£0.00|£6,579.00|
|**Total income**|**£20,008.74**|**£5,200.00 **|**£25,208.74**|**£19,107.15**|**£48.04 **|**£19,155.19**|
|**Expenditure**|**Unrestricted**|**Restricted**||**Unrestricted**|**Restricted**||
|Youth programme|£5,891.11|£200.00|£6,091.11|£5,305.06|£48.04|£5,353.10|
|Activities (camps/events)|£7,477.99|£0.00|£7,477.99|£8,108.85|£0.00|£8,108.85|
|Equipment|£1,077.10|£5,000.00|£6,077.10|£367.18|£0.00|£367.18|
|District, County and Headquarters Capitation|£3,867.50|£0.00|£3,867.50|£3,915.00|£0.00|£3,915.00|
|Fundraising|£82.05|£0.00|£82.05|£20.11|£0.00|£20.11|
|Administration (insurance, website, Online Scout Manager etc.)|£363.77|£0.00|£363.77|£322.25|£0.00|£322.25|
|**Total Expenditure**|**£18,759.52**|**£5,200.00 **|**£23,959.52**|**£18,038.45**|**£48.04 **|**£18,086.49**|
|**Net movement in funds**|**£1,249.22**|||**£1,068.70**|||
|Funds brought forward|£17,893.43|||£16,824.73|||
|**Funds carried fonrrard**|**£19,142.65**|||**£17,893.43**|||
|**Balance sheet for the year ending 31st March 2024**|**31 March 2024**|||**31 March 2023**|||
||**Unrestricted Funds**|**Restricted Funds**|**Total**|**Unrestricted Funds **|**Restricted Funds**|**Total**|
|Current assets|£0.00|£0.00|£0.00|£0.00|£0.00|£0.00|
|Debtors|£2,985.77|£0.00|£2,985.77|£2,584.19|£0.00|£2,584.19|
|Cash at bank and in hand|||||||
|Current accounts|£15,338.58|£0.00|£15,338.58|£17,727.24|£0.00|£17,727.24|
|Savings account and bonds|£5,062.25|£0.00|£5,062.25|£0.00|£0.00|£0.00|
|Total cash at bank and in hand|£20,400.83|£0.00|£20,400.83|£17,727.24|£0.00|£17,727.24|
|Total current assets|£23,386.60|£0.00|£23,386.60|£20,311.43|£0.00|£20,311.43|
|Creditors - amount faling due|£4,243.95|£0.00|£4,243.95|£2,418.00|£0.00|£2,418.00|
|Unrestricted funds|£19,142.65|||£17,893.43|||
|Restricted funds||£0.00|||£0.00||
|**Total funds**|**£19,142.65**|||**£17,893.43**|||





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