Financial Statements for the 3rd Ringwood Scout Group
Year Ending
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Registered Charity Number - 302282
These financial statements were approved by the Trustees and authorised for issue at the Annual General Meeting
Annual General Meeting date:
Signed on behalf of the Trustees:
Name of signatory:
Accounting Principles applied to these Financial Statements
Accountng Policies
The financial statements of the charity, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared in accordance with the accounting policies set out below.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': • the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Income is accounted for on an accruals basis and has been classified under headings that aggregate all income related to the category.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Long leasehold - over 50 years
Fixtures and fittings - 10% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity as specified by the donor, or when funds are raised for particular restricted purposes.
At this time all funds held by 3rd Ringwood Scout Group are unrestricted funds.
Trustees' Remuneraton and Benefts
The Trustee's received no remuneration or other benefits in this financial year related to their Trustee role
Trustees expenses
The Trustee's received no expenses in this financial year related to their Trustee role
Related Party Disclosures
There were no related party transactions for this financial year
Statement of Financial Actvites
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| Income Actvites Fundraising Gif Aid Group Subscriptons Hall Hire Headlands Camp Other Camp Income Sundry Receipts Uniform/Badges Sold Investment Income Charitable Receipts Grants Total Income Expenditure Overheads Accountng Costs Finance Costs, including bank fees and charges Scout Associaton Membership Fees (see Note 3) Actvites Beaver Expenses Cub Expenses Donatons/support to actvites and members Group Badges Group Uniform Group Actvity/Trips Expenses Group Sundry Expenses Headlands Camp Costs Insurance Other Camp Costs Scout Expenses |
3/31/2024 £ 1,516 3,769 7,705 11,533 2,271 1,398 394 816 29,401 407 0 29,808 0 60 0 60 135 189 28 635 745 435 1,389 52 1,027 2,850 7,484 |
Note (a) below 3/31/2023 £ 1,298 1,926 8,606 11,824 2,394 424 131 646 |
|---|---|---|
| 27,249 110 0 |
||
| 27,359 | ||
| 1,020 66 3,926 |
||
| 5,012 166 103 1,275 646 349 69 343 1,595 42 100 1,683 |
||
| 6,371 |
| Premises Costs Electricity Gardening Gas Hall Maintenance Hall Equipment, Repairs and Renewals Insurance Water Other Costs Depreciaton Charges (see Note 1) Total Expenditure Net Income Total Funds Brought Forward From Previous Financial Year Total Funds Carried Forwards |
1,456 450 371 3,829 808 1,662 166 8,742 4,476 20,763 9,045 275,760 284,805 |
1,654 420 145 3,895 685 1,437 33 |
|---|---|---|
| 8,269 4,573 |
||
| 24,225 | ||
| 3,134 | ||
| 272,626 | ||
| 275,760 |
Note
(a) please note the 22-23 financial year information has been restated to match the layout provided by the accounting software to make future accounts preparation clearer. The total income and expenditure associated with the 22-23 financial year remain unchanged, the only change being an update to the presentation.
Balance Sheet
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| Note Fixed Assets Fixed Assets 1 Current Assets Debtors Cash at Bank Current account Deposit account Creditors Amounts owed and falling due within one year Net Current Assets Total Assets Less Current Liabilites Net Assets as Unrestricted Funds 2 |
3/31/2024 Total Funds £ 164,253 4,338 92,648 23,616 120,602 (50) 120,552 284,805 284,805 |
3/31/2023 Total Funds £ 168,229 4,839 80,553 23,209 |
|---|---|---|
| 108,601 (1,070) |
||
| 107,531 | ||
| 275,760 | ||
| 275,760 |
Notes to the Accounts
1 Fixed Assets
| Asset Value As at 1 April 2023 Additons and purchases As at 31 March 2024 Depreciaton As at 1 April 2023 Charge for the year As at 31 March 2024 Net Book Value As at 31 March 2024 |
£ 500 0 500 0 0 0 500 Freehold land* |
Long leasehold £ 171,468 0 171,468 13,707 3,429 17,136 154,332 |
£ 21,316 0 21,316 10,848 1,047 11,895 9,421 Fixtures and ftngs |
Totals £ 193,284 0 |
|---|---|---|---|---|
| 193,284 | ||||
| 24,555 4,476 |
||||
| 29,031 | ||||
| 164,253 |
- please note the freehold land, last valued in 2022, is not depreciated due to trending rise in property prices in this location over the last 50 years
2 Movement in Funds
| Unrestricted Funds Restricted Funds Total Funds Unrestricted Funds Restricted Funds Total Funds |
£ 275,760 0 275,760 £ 272,626 0 272,626 As at 1 April 2023 As at 1 April 2022 |
£ 9,045 0 9,045 £ 3,134 0 3,134 Net Movement in Funds Net Movement in Funds |
£ 284,805 0 As at 31 March 2024 |
|---|---|---|---|
| 284,805 | |||
| £ 275,760 0 As at 31 March 2023 |
|||
| 275,760 |
- 3 Scout Associaton Membership Fees
The billing period for the membership fees has been amended and the charge will now be reflected in the new financial year