1[st] Wendover Scouts AGM – Group Treasurer Update
27[th] September 2023
Good evening, I would like to introduce the draft accounts, a copy of which is up on the screen now
This includes comparisons to last year’s accounts, and shortly I will provide a quick commentary on some of the main differences to last year’s accounts.
The accounts show an total income across the group of £47,000. This was down from £55,000 from last year, but last year the Membership subscriptions that are paid on to Aylesbury Vale District Scouts capitation charge were not included as it was delayed into this year.
Donations and Grants have reduced down as the COVID support grants have ceased, but we are very grateful to Angus Lund – a 1[st] Wendover cub and scout from 35 years ago – for his very generous donation.
Despite submitting our gift aid application to HRMC on time, there were delays in the processing, and we received this in this current year, so will be reported under the 2023-24 accounts.
Sectional income is up to nearly £13,000 due to parental contributions for section camps.
Fundraising income of nearly £12,000 was raised for the World Scouts Jamboree in South Korea. The Jamboree support of £14,000 being recognised in the Gross Expenditure. The difference of £2,000 was raised in prior year and was included in the donations figure.
The annual rental income increased in 2022-23 by 7% in line with increases to consumer price increases. Rental income is showing as down on last year as 2021-22 includes a period of monthly rentals before the annual rental was established.
Programme, activities and materials has increased to just under £20,000, over half of which covers camp costs. Additional section activities cost £4,000, with new equipment and adult training costing £2,000.
Utility costs have gone up, and we are currently in the middle of a surplus reclaim as we now take advantage of our solar panels.
Insurance costs have gone down due to timing differences of when our insurance commitments have been paid.
Hut costs have increased with £13,000 being spent on our new fencing, and £6,000 on the new kitchen fit out, and £1,300 on the new hallway flooring
Overall, our cash position in 2022-23 has decreased to an adjusted figure of £56,500 compared to £81,000 in 2020-21 which reflects the investment in the Scout Hut, missed timings on Annual Subscription fees and Gift Aid.
We have maintained our reserves of £15,775 have not been touched during 2022/23, and are more than sufficient to cover 6 months’ worth of outgoings, as required by the Charity commission.
We have not had to draw upon these reserves to fund the continued refurbishment of the Scout Hut and I would expect this level of reserves to be available for the duration of 2023/24.
1st Wendover Scouts Accounts 2022-23
| Receipts Membership Subscriptions less: Membership Subscriptions Paid On Net Membership Subscriptions Retained Donations Gift Aid Sectional Income Fundraising Sub Total Investment Income Bank Interest Property Rent Income Sub Total Total Gross Income Asset and Investment Sales Total Receipts Payments Programme, activities and materials Scout Hut Utilities Insurance Hut Costs Minibus Running Costs Group Expenses Jamboree Total Gross Expenditure Asset and Investment Purchase Total Payments Net receipts/(payments) Cash Funds Last Year End Cash Funds This Year End Statement of Assets and Liabilities at the end of the year 2021-22 Cash Funds Bank Current Account S.O. Account Bank Deposit Account Section Accounts Petty Cash Total Cash Funds |
£ 23,311 9,016 - 250 - 12,730 11,859 30 7,701 19,691 3,293 1,823 26,013 2,517 4,075 13,769 71,181 - 1,806 32,024 15,775 6,982 20 |
£ notes (1) 14,295 (2) (3) (4) 24,839 (5) 7,731 46,865 - 46,865 (6) (7) (8) (9) (10) (4) 71,181 24,316 - 80,903 56,587 56,587 22-23 |
£ 24,144 - 13,279 3,919 4,333 2 9,594 7,008 1,126 3,582 10,030 1,976 670 24,393 - 26,579 34,418 15,775 4,131 202 |
£ 24,144 21,531 9,596 55,270 - 55,270 24,393 30,877 50,026 80,903 80,903 1-22 |
|---|---|---|---|---|
Notes:
(1) FY2021-22 Delayed Capitation charge; FY2022-23 paid in April 2023
(2) FY2022-23 Gift aid not received until May 2023
(3) Breakdown - Camp Income
(4) Fundraising for World Scous Jamboree; FY2021-22 fundraising (c.£2k) not split out in last years accounts
(5) Full year income; FY2021-22 included monthly rental, and new FY charge
(6) Breakdown - Camp Costs £11k; Activities £4k; New Equipment £1k; Adult training £1k
(7) Increase in utility charges; c.£1500 surplus being reclaimed
(8) Decrease due to timing differences
(9) Breakdown - £13k new fencing (10) Breakdown - £2k for Diggerland
Independent examlnerfs report to the trustees of I Wendover Scout Group I report to the trustees on my examination of the accounts of the 1° Wendover Scout Group for the year ended 31" March 2023 Responslbllltles and basis of report As the charity trustees of the 1st Wendover Scout Group you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Act,). I report in respect of my examinatlon of the 1st Wendover Scout Group account5 carried out under section 145 of the 2011 Art and in carrying out my examination I have followed all the applicable Directions 8iven by the Charity Commission under section 1451Sllbl of the Act. Independent examlnerfs statement I have completed my examination. I confirm that no material matters have corne to my attention in connethon with the examination giving me cause to believe that in any material $pert: accountlng records were not kept in respect of the 1st Wendover Scout Group as qUIred bv section 130 of the Act: or the accounts do not accord with those fecords. I have no concems 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. Signed: Name: Simort Rycra Addres5- 45 Ellesborou8h Road, Wendover, HP22 6EL Date= 24 April 2024