1[st] Wendover Scouts AGM – Group Treasurer Update 10[th] October 2024 Good evening, I would like to introduce the draft accounts, a copy of which is up on the screen now These are in draft format, and will be handed over to the auditor after this meeting. _(Following the AGM, the auditor has agreed to be available to audit 2024/25 accounts)_ The draft accounts includes comparisons to last year’s accounts, and 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 £51,000. This is slightly up from £47,000 from last year. We very gratefully received £1000 from the Lionel Abel Trust as a contribution to the defibrillator that we purchased and have on site. We thank the trust for their continued support of the Scout Group. The gift aid relates to the prior year, which was received late due to processing issues. Gift aid for 2023/24 has been paid in September of this year and will be reflected in the 2024/25 accounts. Sectional income of nearly £14,000 represents parental contributions to the programme of activities and section camps. The Exec took the decision to sell both of the Groups dinghies, which raised £4,800. The proceeds of these sales will be held back for any future capital purchases for either the HQ or for replacing / maintaining the aging minibuses. Fundraising income has dropped this year. 2023/24 income of nearly £12,000 was raised for the World Scouts Jamboree in South Korea, and with no Jamboree this year the same levels of fundraising were not expected to continue into this year. The annual rental income increased in 2023/24 by 8.3% to just over £8,000 in line with increases to consumer price increases. We have maintained the same level of expenditure on Programme, activities and materials for 2023/24. Over half of the £20,000 has been spent on camp costs which has largely been met by parental contributions. Additional section activities have cost £7,000, with new equipment and adult training costing £1,000. 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 up due to timing differences of when our insurance commitments have been paid. Hut costs have decreased significantly compared to 2022/23 which saw significant levels of expenditure on new fencing, the new kitchen fit out, and the new hallway flooring. Recent expenditure on the new hall flooring will be included in the 2024/25 accounts. Overall, our cash position in 2023-24 has increased to an adjusted figure of £70,900 compared to £56,600 in 2022-23 We have maintained our reserves of £15,775 which have not been touched during 2023/24, and are more than sufficient to cover 6 months’ worth of outgoings, as required by the Charity commission. We are not planning on drawing upon these reserves to fund and I would expect this level of reserves to be available for the duration of 2023/24. ## **1st Wendover Scouts Accounts 2023-24** |**Receipts**
Membership Subscriptions
less: Membership Subscriptions Paid On
Net Membership Subscriptions Retained
Donations
Gift Aid
Sectional Income
Asset Sales
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**|£
£
_notes_
21,898
9,040
-
12,858
1,000
_(1)_
9,803
_(2)_
13,845
_(3)_
4,600
_(4)_
396
_(5)_
29,644
171
8,340
_(6)_
8,512
51,014
-
51,014
20,042
_(7)_
1,851
_(8)_
2,864
_(9)_
6,623
2,507
_(10)_
2,778
_(11)_
-
36,665
-
36,665
14,349
56,587
**70,936**
7,705
36,902
15,775
10,554
**70,936**
**2023-24**|_£_
_£_
_23,311_
_9,016_
_-_
_-_
_14,295_
_250_
_-_
_12,730_
_11,859_
_24,839_
_30_
_7,701_
_7,731_
_46,865_
_-_
_46,865_
_19,691_
_3,293_
_1,823_
_26,013_
_2,517_
_4,075_
_13,769_
_71,181_
_-_
_71,181_
_24,316_
_-_
_80,903_
**_56,587_**
_1,806_
_32,024_
_15,775_
_6,982_
_56,587_
**2022-23**| |---|---|---| Notes: (1) _Lionel Abel Trust grant for new defribulator_ (2) _FY2022-23 Gift aid not received until May 2023 and included in 2023-24 accounts. FY2023-24 received Sep 2024_ _(3) Breakdown - Camp Income £11k; Activity Income £2k; Other Income £1k_ _(4) Dinghy sales_ _(5) FY2023-24 Fundraising for World Scous Jamboree_ _(6) Rental increase of 8.3%_ _(7) Breakdown - Camp Costs £12k; Activities £7k; New Equipment £0.5k_ _(8) Reduction in electiricy costs - reduced to £65 per month from £330 per month_ _(9) Increased due to timing differences_ _(10) Prior year included additional fencing costs (c.13k)_ _(11) Prior year included £2k for Diggerland_ Independent exarninerfs report to the trustee5 of I Wendovw Sc(wt Group I report to the trustees on my eXaMinat￿n of the occounts of the 1st Wendover Stout Group for the year ended 31. March 2024 Responslbllltles and basls 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 Arfl. I report in respect of my examination of the 1st Wendover Scout Group accounts carried out under sechon 145 of the 2011 Act and in carrying Out my examination I have followed oll the applicable Directions given by the Charity Comrnission under section 145lsllbl of the Act. Independent examlnerfs statement I have completed my examinat70n. I confirm that no materlal matters have come to my attentSon in connectlon with the examlnat5on giving me cause to belleve that in any material ￿speCt. accourrtln8 records We￿ noi kept in respect of the 1st Wendover Scout Group as required by sertFon 130 of the Act; or the accounts do not accord with those reo)rds. I have no COn￿rnS and have come across no other matters In connecbon with the examination to which attendon should be drawn in this rep)rt in order to enable a proper understanding of the accounts to be reach Signed.. 6IKjV Name: Address: 45 Ellesborough Road, Wermlover. HP22 6EL Date: 09.02.2025