## **Financial Statements for the 3rd Ringwood Scout Group** **Year Ending** **###** **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** ## ### |**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** ## ### |**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