LOOSE SWISS SCOUT GROUP
REPORT AND FINANCIAL
STATEMENTS
YEAR ENDED 31ST MARCH 2022
| Contents | Page |
|---|---|
| GENERAL INFORMATION | 1 |
| TRUSTEES’ REPORT | 2-4 |
| STATEMENT OF FINANCIAL ACTIVITIES | 5-7 |
| BALANCE SHEET | 8 |
| NOTES WHICH FORM PART OF THE ACCOUNTS | 9-11 |
| INDEPENDENT EXAMINERS REPORT | 12 |
REGISTERED CHARITY NO. 303413
LOOSE SWISS SCOUT GROUP
Page 1
GENERAL INFORMATION
TRUSTEES: Ex-Oficio
Group Council
(Those who have served during the year to 31 March 2022
and up to the date of the signing of this report)
Appointment Name Mrs D Hayes Group Mr P. Worden Chairman Mrs K Moore Group Scout Leader Group Secretary Mr M Group Membership Secretary Sunnucks Treasurer Assistant Group Scout Mrs B Leaders: Golding Mrs A. Beeching Mr P. Gardner Mr M. Keable Scout Leader: Mr S Harley Mrs A Cub Scout Bowman Leader: Beaver Scout Leader
Bankers
Lloyds Bank Plc, 18 Week Street, Maidstone, Kent. ME14 1RW
Close Brothers Ltd, 10 Crown Place, London, EC2A 4FT
Custodian Trustees
The Scout Association Trust Corporation Baden-Powell House, Queen’s Gate, London. SW7 5JS
Independent Examiner
Weller Wilson Partnership, 3 Hannant Court, Victoria Grove, Hythe CT21 5RF
Headquarters
Pickering Street, Loose, Maidstone, Kent, ME15 9RR
LOOSE SWISS SCOUT GROUP
Page 2
TRUSTEES' ANNUAL REPORT YEAR ENDED 31 MARCH 2021
The Trustees are pleased to present their report and financial statements for the year ended 31 March 2022.
Structure, Governance and Management
The Loose Swiss Scout Group is a separate registered charity established under the Policy, Organisation and Rules of The Scout Association, which are common to all scout groups. Trustees are appointed in accordance with these rules, either by election or by approval of their nomination at the Annual General Meeting. The Group is managed by the Group Council, which consists of the Trustees and Section Leaders. The members of the Group Council who served during the year and up to the date of this report are shown on page 1.
The Trustees seek to identify the major risks that they believe the Group is exposed to and continually review the procedures to eliminate them.
Objectives, Activities and Achievements for the Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Group's aims and objectives and in planning future activities.
The purpose of scouting is to promote the development of young people in achieving their full physical, intellectual, social and spiritual potential, as individuals, as responsible citizens and as members of their local, national and international communities. This is achieved by providing an enjoyable, interesting and active programme, developed and based on the Scout Promise and Law, under guidance from the adult leadership and the Scout Association.
At Loose Swiss, we have maintained this approach with a wide programme of activities throughout the year for each of our sections of Beavers, Cub Scouts and Scouts. We continue to support Ragstone Explorers Unit from the Maidstone East District who are based at our headquarters in Loose. However, due to the Covid Pandemic they have not been utilizing this offer at present. This is, of course, only achieved through the efforts of the dedicated teams of warranted leaders and their approved helpers, backed by the supporters of the Group and our reputation, both in the immediate locality and within the District, which continues to be maintained at a high standard.
The Group admits members primarily from the area of Loose and the surrounding district although some members come from further afield. Although subscriptions are charged for membership, these cover only approximately half of the running costs of the Group and do not unduly restrict membership. The Group follows the principle that no one should be excluded because of their inability to pay membership subscriptions.
The Group Council has met regularly throughout the year, with meetings open to all and subsequent minutes circulated, and the executive committee has also met additionally, to review urgent matters and resolve minor items involving the Group, which have then been reported at Group Council.
The maintenance of sufficient leaders and helpers has continued during the past year and all sections have been able to continue with their programmes throughout
the period of this report. Overall numbers have remained at a similar level as the previous year, both in terms of leaders and section members.
Our census figures in January 2022 recorded 32 Beavers, 39 Cub Scouts and 27 Scouts. The sections have been led by 24 warranted leaders and 4 Committee Members. The waiting list at the year end continues to remain high and remains closed for the forthcoming year in order to keep the intake to a manageable level.
LOOSE SWISS SCOUT GROUP
Page 3
TRUSTEES' ANNUAL REPORT (CONTINUED) YEAR ENDED 31 MARCH 2022
The Group as a whole owes its success in the activities to the leaders who turn out weekly to provide activities to the young people who attend Loose Swiss Scout Group. The activities undertaken are in accordance with the scouting ethos and promote adventure and learning.
The maintenance of our headquarters buildings have once again been overseen by Mark Sunnucks and John Beeching. Our thanks are due, as ever, to the small, hard working team of individuals for their continued support.
Each section, enjoycontinu ed use of our facility in Loose Valley, as well as normal evening the
meetings at headquarters and where needed to minimize risks, via Zoom. The Group continues to be grateful to the "civilian" helpers, who contribute in many ways to the success and ongoing wellbeing of the Group, particularly the assistance at jumble sales and other fundraising events despite, in many cases, no longer having children in the Group, but continue to support the activities.
Swiss Valley
The role of land warden has been maintained mainly by Robert Wood with occasional help from
Steve Harley. These both deserve our immense thanks for the exceptional effort in maintaining our land asset with little support. Our agreements with the fishing club, using our lake, and with a local farmer with grazing rights, have been continued, bringing additional funds to the Group.
Supporters Association and Land Committee
The small, but enthusiastic, Land Committee continue to support work in the valley with financial contributions from their activities, as well as their invaluable attendance at our other fundraising activities.
Financial Review
The Group’s accounts have been prepared in accordance with the Statement of Recommended Practice (Accounting and Reporting by Charities) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective from 1 January 2015) and known as the Charities SORP (FRS 102), and the Charities Act 2011.
Total income for the year amounted to £41,347 an increase of £1,221 on the previous year's figure of £40,126.
Total expenditure during the year at £28,483 was slightly higher than the previous year's figure of £27,669. An increase of £814 in expenditure on the repairs and maintenance of our freehold land and buildings and the donation to MWD hardship grant.
LOOSE SWISS SCOUT GROUP
Page 4
TRUSTEES' ANNUAL REPORT (CONTINUED) YEAR ENDED 31 MARCH 2021
Trustees' responsibilities in relation to the fnancial statements
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards and statements of recommended practice have
-
been followed, subject to any departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the Policy, Organisation and Rules of The Scout Association. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Covid-19 pandemic
In response to the Covid-19 pandemic the Scout Association has maintained high alert and notified when and if applicable face to face meetings needed to cease or indeed continue. Throughout the year, the group maintained its presence to ensure full scouting activities were offered whilst maintaining all H&S protocols.
Summary
The Group has enjoyed another successful year, thanks to the hard work and dedication of the section leaders and their assistants, not forgetting the essential help from the Group Scout Leader and Assistant Group Scout Leaders, and the invaluable support of the many helpers in fundraising activities
Thanks are also due to the treasurer Kathryn Moore for their assistance in collating the section reports and producing the Group Annual Report in a concise, but clear, manner, but also for looking after the Group's financial interests.
Approved by the Trustees and signed on their behalf by:
Debbie Hayes Chairman - Loose Swiss Scout Group
LOOSE SWISS SCOUT GROUP 9 NOTES WHICH FORM PART OF THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021
Page
1. ACCOUNTING POLICIES
a) Basis of preparation of the financial
statements
The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2015), the Charities SORP (FRS102).
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
b Depreciation )
Depreciation has been computed to write off the cost of tangible fixed assets, other than freehold property, over their expected useful lives using the following rates:
Freehold Property Nil Fixtures, fittings and equipment 20% Straight line Stores equipment, tents, etc. 20% Straight line Motor vehicles 25% Reducing balance Machinery and equipment (Land 20% Straight line fund)
- c) The freehold property at Headquarters in Pickering Street, Loose and the freehold land, known as Swiss Valley, is vested in The Scout Association Trust Corporation as perpetual trustees. Since the Group has no intentions of disposing of the land in Swiss Valley it is amortised to nil value in these accounts. In addition to the purchase costs, the cost of water installations, trees, etc. are written off in the year the expenditure is incurred.
d Fixed asset investments
)
Investments are re-valued to market value at 31st March each year and the unrealised gain or loss is shown in the Statement of Financial Activities.
e) Stocks
Sundry stocks are valued at the lower of cost or realisable value. Badges and scarves are charged as an expense in the year of purchase.
f Income
)
Subscription income is accounted for on a received basis and income tax on covenanted subscriptions is
accounted for in respect of those subscriptions received.
Grants and donations are accounted for when their receipt is reasonably certain.
g Expenditure )
Expenditure is provided for on an accruals basis.
Charitable activities include expenditure associated with the promotion of the Group's objectives and include
both direct costs and support costs relating to these activities.
Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
h Irrecoverable VAT
)
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
i) Volunteers
The charity relies for support on unpaid volunteers. The value of the volunteers time is not included in the SOFA.
j) Fund accounting
Funds held by the charity are either:
Unrestricted general funds: These are funds which can be used in accordance with the charitable objects at
the discretion of Trustees.
Unrestricted designated funds: These are funds which have been set aside by the trustees for designated purposes.
LOOSE SWISS SCOUT GROUP 13
Page
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE LOOSE SWISS SCOUT GROUP
I report on the accounts of the Group for the year ended 31st March 2021 which comprise the Statement of Financial Activities, the Balance Sheet and related notes set out on pages
This report is made solely to the trustees in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees for my examination work.
Respective responsibilities of trustees and examiner
The Group’s trustees are responsible for the preparation of the accounts. They consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts under Section 145 of the Charities Act;
-
Follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the Charities Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Group and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act;
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met, or
- 2 to which, in my opinion, attention should be drawn in order to enable a proper . understanding of the
accounts to be reached.
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
| Contents | Page | |
|---|---|---|
| General Information | 1 | |
| Trustees Report | 2-4 | |
| Statement of Financial Activities | 5-7 | |
| Balance Sheet | 8 | |
| Notes to the Accounts | 9-11 | |
| Independent Examiners Report | 12 |
Page 1
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
GENERAL INFORMATION
TRUSTEES: Ex-Officio
Group Council
(Those who have served during the year to 31 March 2022 and up to the date of the signing of this report)
Appointment
Name
Group Chairman Mrs D Hayes Group Scout Leader P. Worden Group Treasurer Mrs K Moore Group Secretary M Sunnucks Membership Secretary Mrs B Golding Assistant Group Scout Leaders Mrs A Beeching P Gardner Scout Leaders M. Keable S Harley Mrs A Cub Scout Leaders Bowman Mr N Richardson, Beaver Scout Leaders S Prior Ms M Finnegan
BANKERS
Lloyds Bank Plc, 18 Week Street, Maidstone, Kent ME14 1RW Close Brothers Ltd, 10 Crown Place, London, EC2A 4FT
CUSTODIAN TRUSTEES
The Scout Association Trust Corporation, Baden-Powell House, Queen’s Gate, London SW7 5JS J S Penrose (NS&I investments only)
INDEPENDENT EXAMINER
Weller Wilson Partnership, 3 Hannant Court, Victoria Grove, Hythe, Kent CT21 5RF
HEADQUARTERS
Loose Swiss Scouts HQ, Pickering Street, Loose, Maidstone, Kent, ME15 9RR
Page 2
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
| Income Note Gifts and Donations: Membership Income Tax on Gift Aid Sundry Donations Supporters Association 2 Grants Received Land Committee Activities for Generating Funds: Grazing & Fishing Rents Camping Fees Hire of Equipment Explorers use of HQ & Equipment Charitable Activities: Camps, Outings & Activities Fundraising Sale of Badges, Souvenirs &etc H Lansdown Loyalty Bonus Investment Income: Bank & Other Interest Dividends Total Income |
Unrestricted General Fund 9,292 1,509 10,801 0 0 0 10,801 0 0 0 0 0 989 415 0 0 1,404 222 980 1,202 13,407 |
Vehicle Building Special Replacement Development Activities 0 0 0 0 0 0 0 0 0 0 0 0 0 23,693 0 0 0 0 0 23,693 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 262 332 65 490 490 0 752 822 65 752 24,515 65 <------Designated Funds------> |
Restricted Land Fund 0 0 0 20 0 0 20 500 0 0 0 500 0 1,526 0 0 1,526 562 0 562 2,608 |
Total 31-Mar 2022 9,292 1,509 10,801 0 20 23,693 0 34,514 500 0 0 0 500 989 1,941 0 0 2,930 1,444 1,960 3,404 41,347 |
Total Prior Year 10,054 1,509 |
|---|---|---|---|---|---|
| 11,563 0 0 20,193 0 |
|||||
| 31,756 3,135 345 0 0 |
|||||
| 3,480 0 939 0 0 |
|||||
| 939 2,030 1,921 |
|||||
| 3,951 | |||||
| 40,126 |
These annexed notes form part of the Financial Statements
Page 5
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
| Expenditure Note Charitable Activities: Subscriptions due to District Costs of Generating Funds Investment Management Activities Camps, Outings & Activities Badges, Souvenirs &etc Computer Expenses Uniforms & Shirts Transport Costs Maintenance of Equipment Premises Sewerage & Water Rates Power, Light & Heat Insurance Repairs & Renewals Cleaning Donations- Sundry Donations- MWD Hardship Fund Carried Forward |
Unrestricted General Fund 4,208 57 3,369 899 0 0 429 2,025 6,722 974 369 2,802 6,045 767 10,957 615 5,000 5,615 27,558 |
Vehicle Building Special Replacement Development Activities 0 0 0 29 29 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29 29 0 <------Designated Funds------> |
Restricted Land Fund 0 0 0 0 0 0 429 0 429 0 0 0 438 0 438 0 0 0 867 |
Total 31-Mar 2022 4,208 115 3,369 899 0 0 858 2,025 7,151 974 369 2,802 6,483 767 11,395 615 5,000 5,615 28,483 |
Total Prior Year 4,653 61 246 1,186 0 0 957 842 |
|---|---|---|---|---|---|
| 3,230 341 463 1,369 16,640 547 |
|||||
| 19,360 365 0 |
|||||
| 365 | |||||
| 27,669 |
These annexed notes form part of the Financial Statements
Page 6
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
| Expenditure Continues Note Brought Forward Other Expenditure Sundry Depreciation Fixtures & Fittings Motor Vehicles Stores, Tents, Equipment &etc Governance Costs Postage & Stationery Independent Examiner Total Expenditure Sub-total Income/(Expenditure) Investment Gains/(Losses) - Unrealised 9 Net Income/(Expenditure) and Net Movement in Funds Reconciliation of Funds Funds Balances Brought Forward as at 1st April 2021 Funds Balances Carried Forward as at 31st March 2022 |
Unrestricted General Fund 27,558 167 0 68 549 617 84 360 444 28,787 (15,380) 1,399 (13,981) 68735 54,754 |
Vehicle Building Special Replacement Development Activities 29 29 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29 29 0 724 24,486 65 700 700 0 1,423 25,186 65 25913 32714 6316 27,336 57,900 6,381 <------Designated Funds------> |
Restricted Land Fund 867 0 0 68 0 68 0 0 0 935 1,673 0 1,673 89572 91,245 |
Total 31-Mar 2022 28,483 167 0 136 549 685 84 360 444 29,779 11,568 2,798 14,366 223,249 237,615 |
Total Prior Year 27,669 58 32 182 304 |
|---|---|---|---|---|---|
| 518 27 360 |
|||||
| 387 | |||||
| 28,632 | |||||
| 11,493 12,368 |
|||||
| 23,862 199,388 |
|||||
| 223,249 |
These annexed notes form part of the Financial Statements
Page 7
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
| BALANCE SHEET Note Fixed Assets Tangible Assets 4,5 Investments 9 CurrentAssets Debtors & Prepayments Accrued Interest & Investment Income Cash at Bank & in Hand 8 Less Current Liabilities Creditors falling due within one year Net Current Assets Net Assets REPRESENTED BY: The Funds of the Charity Unrestricted Designated Restricted Total Charity Funds |
Unrestricted General Fund 28,703 26,299 55,001 8,641 544 144,668 153,853 1,180 152,673 207,674 54,754 54,754 |
Vehicle Building Special Replacement Development Activities 0 0 0 13,149 13,149 0 13,149 13,149 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13,149 13,149 0 27,336 57,900 6,381 27,336 57,900 6,381 <------Designated Funds------> |
Restricted Land Fund 0 0 0 0 0 6,498 6,498 2,855 3,643 3,643 91,245 91,245 |
Total 31-Mar 2022 28,703 52,597 81,299 8,641 544 151,165 160,351 4,035 156,316 237,615 54,754 91,617 91,245 237,615 |
Total Prior Year 6,132 49,799 |
|---|---|---|---|---|---|
| 55,931 6,753 646 164,293 |
|||||
| 171,692 4,373 |
|||||
| 167,319 | |||||
| 223,250 | |||||
| 68,735 64,943 89,572 |
|||||
| 223,250 |
The Group’s trustees are responsible for the maintenance of the Financial Records and preparation of the accounts and they consider that an audit is not required for this year under section 144 of the Charities Act 2011 (The Charities Act) and that an Independent Examination is needed. These financial statements were approved by the Trustees on _____ and signed on their behalf by:
Full Name:__________
These annexed notes form part of the Financial Statements
Page 8
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
1. ACCOUNTING POLICIES
a) Basis of preparation of the Financial Statements.
The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2015), the Charities SORP (FRS102).
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
b) Depreciation
| b) Depreciation | b) Depreciation | b) Depreciation |
|---|---|---|
| Depreciation has been calculated to write off the cost of tangible fixed assets over their expected useful lives | ||
| using the following rates: | Freehold Property | 0% |
| Fixtures, Fittings and Equipment | 20% by straight line | |
| Stores, Tents, Equipment &etc | 20% by straight line | |
| Motor Vehicles | 25% on reducing balance | |
| Machinery & Equipment (Land Fund) | 20% by straight line |
c) Freehold Property
The freehold property at Headquarters in Pickering Street, Loose and the freehold land, known as Swiss Valley, is vested in The Scout Association Trust Corporation as perpetual trustees. Since the Group has no intentions of disposing of the land in Swiss Valley, it is amortised to nil value in these accounts. In addition to the purchase costs, the cost of water installations, trees, etc. are written off in the year the expenditure is incurred.
d) Investments
Investments are re-valued to market value at 31st March each year and the unrealised gain or loss is shown in the Statement of Financial Activities.
e) Stocks
Sundry stocks are valued at the lower of cost or realisable value. Badges and scarves are charged as an expense in the year of purchase.
f) Income
Subscription income is accounted for on a received basis and income tax on covenanted subscriptions is accounted for in respect of those subscriptions received.
Grants and donations are accounted for when their receipt becomes certain.
g) Expenditure
Expenditure is provided for on an accruals basis.
Charitable activities include expenditure associated with the promotion of the Group's objectives and include both direct costs and support costs relating to these activities.
Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
h) Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
i) Volunteers
The charity relies on the support of unpaid volunteers and the notional value of their time is not included in its Statements of Financial Affairs.
Page 9
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2022
j) Fund Accounting
The funds held by the Charity are either Unresticted General Funds which can be used at the discretion of the Trustees in accordance with the Group's charitable purposes; or
Unrestricted Designated Funds are set aside by the Trustees for designated purposes in accordance with the Group's charitable objectives; or
Resticted Funds are utilised for a purpose in accordance with the specific instructions of the donors or if raised by the Charity for a particular purpose. Costs of raising and administering such funds are charged against that fund.
2. CONTRIBUTIONS FROM SUPPORTERS ASSOCIATIONS
| Jumble Sales less expenses Social Activities less expenses 3. TRANSPORT RUNNING EXPENSES Road Tax & Insurance Fuel, Maintenance & Repairs Minibus Training Hire of Minibuses 4. FIXED ASSETS - GENERAL FUND Freehold Fixtures & Stores Property Fittings &etc Costat 1 April 21 16,061 7,941 11,177 Additions in year 11,723 0 1,223 Disposals in year 0 (2,080) 0 Cost at 31 March 22 27,784 5,861 12,400 Depreciationat 1 April 21 0 7,941 10,873 Charge for year 0 0 549 Disposals in year 467 (2,080) 0 Depreciation at 31 March 22 467 5,861 11,422 Less Grants 0 0 0 Written Down Value as at 1 April 2021 5,284 0 304 as at 31 March 2022 27,316.54 0.00 978.00 5. FIXED ASSETS - LAND FUND Freehold Machinery Land Equipment Costat 1 April 21 25,403 1,346 Additions in year 0 0 Disposals in year 0 0 Cost at 31 March 22 25,403 1,346 Depreciationat 1 April 21 25,403 1,346 Charge for year 0 0 Disposals in year 0 0 Depreciation at 31 March 22 25,403 1,346 Written Down Value as at 1 April 2021 0 0 as at 31 March 2022 0 0 |
Jumble Sales less expenses Social Activities less expenses 3. TRANSPORT RUNNING EXPENSES Road Tax & Insurance Fuel, Maintenance & Repairs Minibus Training Hire of Minibuses 4. FIXED ASSETS - GENERAL FUND Freehold Fixtures & Stores Property Fittings &etc Costat 1 April 21 16,061 7,941 11,177 Additions in year 11,723 0 1,223 Disposals in year 0 (2,080) 0 Cost at 31 March 22 27,784 5,861 12,400 Depreciationat 1 April 21 0 7,941 10,873 Charge for year 0 0 549 Disposals in year 467 (2,080) 0 Depreciation at 31 March 22 467 5,861 11,422 Less Grants 0 0 0 Written Down Value as at 1 April 2021 5,284 0 304 as at 31 March 2022 27,316.54 0.00 978.00 5. FIXED ASSETS - LAND FUND Freehold Machinery Land Equipment Costat 1 April 21 25,403 1,346 Additions in year 0 0 Disposals in year 0 0 Cost at 31 March 22 25,403 1,346 Depreciationat 1 April 21 25,403 1,346 Charge for year 0 0 Disposals in year 0 0 Depreciation at 31 March 22 25,403 1,346 Written Down Value as at 1 April 2021 0 0 as at 31 March 2022 0 0 |
Jumble Sales less expenses Social Activities less expenses 3. TRANSPORT RUNNING EXPENSES Road Tax & Insurance Fuel, Maintenance & Repairs Minibus Training Hire of Minibuses 4. FIXED ASSETS - GENERAL FUND Freehold Fixtures & Stores Property Fittings &etc Costat 1 April 21 16,061 7,941 11,177 Additions in year 11,723 0 1,223 Disposals in year 0 (2,080) 0 Cost at 31 March 22 27,784 5,861 12,400 Depreciationat 1 April 21 0 7,941 10,873 Charge for year 0 0 549 Disposals in year 467 (2,080) 0 Depreciation at 31 March 22 467 5,861 11,422 Less Grants 0 0 0 Written Down Value as at 1 April 2021 5,284 0 304 as at 31 March 2022 27,316.54 0.00 978.00 5. FIXED ASSETS - LAND FUND Freehold Machinery Land Equipment Costat 1 April 21 25,403 1,346 Additions in year 0 0 Disposals in year 0 0 Cost at 31 March 22 25,403 1,346 Depreciationat 1 April 21 25,403 1,346 Charge for year 0 0 Disposals in year 0 0 Depreciation at 31 March 22 25,403 1,346 Written Down Value as at 1 April 2021 0 0 as at 31 March 2022 0 0 |
Jumble Sales less expenses Social Activities less expenses 3. TRANSPORT RUNNING EXPENSES Road Tax & Insurance Fuel, Maintenance & Repairs Minibus Training Hire of Minibuses 4. FIXED ASSETS - GENERAL FUND Freehold Fixtures & Stores Property Fittings &etc Costat 1 April 21 16,061 7,941 11,177 Additions in year 11,723 0 1,223 Disposals in year 0 (2,080) 0 Cost at 31 March 22 27,784 5,861 12,400 Depreciationat 1 April 21 0 7,941 10,873 Charge for year 0 0 549 Disposals in year 467 (2,080) 0 Depreciation at 31 March 22 467 5,861 11,422 Less Grants 0 0 0 Written Down Value as at 1 April 2021 5,284 0 304 as at 31 March 2022 27,316.54 0.00 978.00 5. FIXED ASSETS - LAND FUND Freehold Machinery Land Equipment Costat 1 April 21 25,403 1,346 Additions in year 0 0 Disposals in year 0 0 Cost at 31 March 22 25,403 1,346 Depreciationat 1 April 21 25,403 1,346 Charge for year 0 0 Disposals in year 0 0 Depreciation at 31 March 22 25,403 1,346 Written Down Value as at 1 April 2021 0 0 as at 31 March 2022 0 0 |
Motor Vehicles 10,863 0 0 |
31-Mar-22 0 0 0 753 204 0 0 957 31-Mar-22 Total 46,042 12,945 (2,080) 56,907 29,133 685 (1,613) 28,205 0 6,132 28,703 31-Mar-21 Total 26,749 0 0 26,749 26,749 0 0 26,749 0 0 |
31-Mar-21 1,986 285 |
|---|---|---|---|---|---|---|
| 2,271 | ||||||
| 717 511 0 0 |
||||||
| 1,228 | ||||||
| 31-Mar-21 Total 46,042 0 0 |
||||||
| 27,784 | 5,861 | 12,400 | 10,863 | 46,042 | ||
| 0 0 467 |
7,941 0 (2,080) |
10,873 549 0 |
10,319 136 0 |
28,615 518 0 |
||
| 467 | 5,861 | 11,422 | 10,455 | 29,133 | ||
| 0 5,284 27,316.54 Freehold Land 25,403 0 0 25,403 25,403 0 0 25,403 0 0 |
0 0 0.00 |
0 304 978.00 Machinery Equipment 1,346 0 0 1,346 1,346 0 0 1,346 0 0 |
0 544 408.00 |
10,777 | ||
| 6,650 | ||||||
| 6,132 | ||||||
| 31-Mar-20 Total 26,749 0 0 |
||||||
| 26,749 | ||||||
| 26,749 0 0 |
||||||
| 26,749 | ||||||
| 0 | ||||||
| 0 |
Page 10
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
6. STATEMENT OF CASH FLOWS
| 6. STATEMENT OF CASH FLOWS | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | **31-Mar-22 ** | 31-Mar-21 | |||||||
| Cash used & generated byOperating Activities: | 7 | 10,385 | 9,596 | ||||||
| From Investment Activities: | |||||||||
| Interest and dividends received | 3,404 | 3,951 | |||||||
| Purchase of fixtures, fittings and equipment | 0 | 0 | |||||||
| Purchase of fixed asset investments | 0 | 0 | |||||||
| Decrease/(increase) in term deposits (over | 3 | months to maturity) | (1,478) | 30,539 | |||||
| Cash used & generated byInvestment Activities: | 1,926 | 34,490 | |||||||
| Total Activities | 12,310 | 44,086 | |||||||
| As at beginning of year | 109,992 | 65,907 | |||||||
| As at end of year | 8 | 122,303 | 109,992 | ||||||
| 7. RECONCILIATION OF OPERATING ACTIVITIES CASH | |||||||||
| Net Movement in Funds | 14,366 | 23,862 | |||||||
| Adjusted for: Depreciation | 685 | 518 | |||||||
| Interest & Dividends Received | (3,404) | (3,951) | |||||||
| Unrealised investment (gains)/losses | (2,798) | (12,368) | |||||||
| Decrease/(increase) in debtors & prepayments | 1,877 | 1,877 | |||||||
| Increase/(decrease) in creditors | (341) | (341) | |||||||
| Cash used & generated byOperating Activities: | 6 | 10,385 | 9,596 | ||||||
| 8. CASH ANALYSIS | |||||||||
| Lloyds Bank General Current | 784 | 2,344 | |||||||
| Lloyds Bank General Deposit | 44,923 | 58,753 | |||||||
| Lloyds Bank Land Current | 6,498 | 5,240 | |||||||
| Lloyds Bank: Willow Beavers | 411 | 711 | |||||||
| Lloyds Bank: Maple Beavers | 782 | 806 | |||||||
| Lloyds Bank: Monday Cubs (Lions) | 688 | 972 | |||||||
| Lloyds Bank: Thursday Cubs (Tigers) | 755 | 821 | |||||||
| Lloyds Bank: Maclean Troop | 819 | 819 | |||||||
| Lloyds Bank: Rowallan | 1,120 | 879 | |||||||
| Hargreaves Lansdown: instant | access income & capital accounts | 722 | 714 | ||||||
| Cash | 347 | 399 | |||||||
| 6 | 57,850 | 72,457 | |||||||
| Close Brothers Business 12 months Notice | 51,086 | 50,557 | |||||||
| NS&I Growth Bonds (Mature | 16/11/22) | 42,228 | 41,279 | ||||||
| 151,165 | 164,293 | ||||||||
| 9. FIXED ASSETS - INVESTMENTS | |||||||||
| Holding | Original | Market | Holding | Market | Unrealised | Income | Income % | ||
| Hargreaves Lansdown | 31-Mar-21 | Cost | 31-Mar-21 | 31-Mar-22 | 31-Mar-22 | gain/(loss) | for year | on Cost | |
| £ | £ | £ | £ | £ | |||||
| AVI Global Trust plc: 10p ordinary shares | 1,280 | 7,955 | 12,083 | 6,400 | 12,774 | 691 | 211 | 2.7% | |
| City of London Investmt Trust: 25p ordinary shares | 3,500 | 14,220 | 13,265 | 3,500 | 14,525 | 1,260 | 672 | 4.7% | |
| Edinburgh Investment Trust: 25p ordinary shares | 2,000 | 14,148 | 11,960 | 2,000 | 12,680 | 720 | 573 | 4.0% | |
| HL Multi-Manager High Income: class A | 9,480,834 | 9,976 | 9,826 | 9,480,834 | 9,823 | (3) | 383 | 3.8% | |
| LF ASI Income Focus: class Z | 4,985,542 | 4,941 | 2,665 | 4,985,542 | 2,794 | 130 | 120 | 2.4% | |
| 51,241 | 49,799 | 52,597 | 2,798 | 1,960 | 3.8% | ||||
| Allocation: General Fund |
25,621 | 24,899 | 26,299 | 1,399 | 980 | ||||
| Vehicle Replacement | 12,810 | 12,450 | 13,149 | 700 | 490 | ||||
| Building Development | 12,810 | 12,450 | 13,149 | 700 | 490 | ||||
| 51,241 | 49,799 | 52,597 | 2,798 | 1,960 |
Page 11
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
INDEPENDENT EXAMINERS REPORT
FOR THE YEAR ENDED 31st MARCH 2022
I report on the accounts of the Group for the year ended 31st March 2022 which comprise the Statement of Financial Activities, the Balance Sheet and related notes set out on pages 5 to 11
This report is made solely to the trustees in accordance with Section 145 of the Charities Act 2011. The review has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees for the examination.
Respective responsibilities of trustees and examiner
The Group’s trustees are responsible for the maintenance of the Financial Records and preparation of the accounts, they considering that an audit is not required under section 144 of the Charities Act 2011 (The Charities Act) and that an Independent Examination is needed.
I have, therefore:
Examined the accounts under section 145 of the Charities Act; Followed the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the Charities Act; and Included in the Report any matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Group and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with the examination, no matter has come to my attention:
(i) Which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the Act: and
-to prepare accounts which accord with the accounting records and comply with the requirements of the Act and that the regulations have not been met: or
(ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
R Wilson Weller Wilson Partnership 3 Hannant Court, Victoria Grove Hythe, Kent CT21 5RF
Page 12
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
| Contents | Page | |
|---|---|---|
| General Information | 1 | |
| Trustees Report | 2-4 | |
| Statement of Financial Activities | 5-7 | |
| Balance Sheet | 8 | |
| Notes to the Accounts | 9-11 | |
| Independent Examiners Report | 12 |
Page 1
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
GENERAL INFORMATION
TRUSTEES: Ex-Officio
Group Council
(Those who have served during the year to 31 March 2022 and up to the date of the signing of this report)
Appointment
Name
Group Chairman Mrs D Hayes Group Scout Leader P. Worden Group Treasurer Mrs K Moore Group Secretary M Sunnucks Membership Secretary Mrs B Golding Assistant Group Scout Leaders Mrs A Beeching P Gardner Scout Leaders M. Keable S Harley Mrs A Cub Scout Leaders Bowman Mr N Richardson, Beaver Scout Leaders S Prior Ms M Finnegan
BANKERS
Lloyds Bank Plc, 18 Week Street, Maidstone, Kent ME14 1RW Close Brothers Ltd, 10 Crown Place, London, EC2A 4FT
CUSTODIAN TRUSTEES
The Scout Association Trust Corporation, Baden-Powell House, Queen’s Gate, London SW7 5JS J S Penrose (NS&I investments only)
INDEPENDENT EXAMINER
Weller Wilson Partnership, 3 Hannant Court, Victoria Grove, Hythe, Kent CT21 5RF
HEADQUARTERS
Loose Swiss Scouts HQ, Pickering Street, Loose, Maidstone, Kent, ME15 9RR
Page 2
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
| Income Note Gifts and Donations: Membership Income Tax on Gift Aid Sundry Donations Supporters Association 2 Grants Received Land Committee Activities for Generating Funds: Grazing & Fishing Rents Camping Fees Hire of Equipment Explorers use of HQ & Equipment Charitable Activities: Camps, Outings & Activities Fundraising Sale of Badges, Souvenirs &etc H Lansdown Loyalty Bonus Investment Income: Bank & Other Interest Dividends Total Income |
Unrestricted General Fund 9,292 1,509 10,801 0 0 0 10,801 0 0 0 0 0 989 415 0 0 1,404 222 980 1,202 13,407 |
Vehicle Building Special Replacement Development Activities 0 0 0 0 0 0 0 0 0 0 0 0 0 23,693 0 0 0 0 0 23,693 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 262 332 65 490 490 0 752 822 65 752 24,515 65 <------Designated Funds------> |
Restricted Land Fund 0 0 0 20 0 0 20 500 0 0 0 500 0 1,526 0 0 1,526 562 0 562 2,608 |
Total 31-Mar 2022 9,292 1,509 10,801 0 20 23,693 0 34,514 500 0 0 0 500 989 1,941 0 0 2,930 1,444 1,960 3,404 41,347 |
Total Prior Year 10,054 1,509 |
|---|---|---|---|---|---|
| 11,563 0 0 20,193 0 |
|||||
| 31,756 3,135 345 0 0 |
|||||
| 3,480 0 939 0 0 |
|||||
| 939 2,030 1,921 |
|||||
| 3,951 | |||||
| 40,126 |
These annexed notes form part of the Financial Statements
Page 5
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
| Expenditure Note Charitable Activities: Subscriptions due to District Costs of Generating Funds Investment Management Activities Camps, Outings & Activities Badges, Souvenirs &etc Computer Expenses Uniforms & Shirts Transport Costs Maintenance of Equipment Premises Sewerage & Water Rates Power, Light & Heat Insurance Repairs & Renewals Cleaning Donations- Sundry Donations- MWD Hardship Fund Carried Forward |
Unrestricted General Fund 4,208 57 3,369 899 0 0 429 2,025 6,722 974 369 2,802 6,045 767 10,957 615 5,000 5,615 27,558 |
Vehicle Building Special Replacement Development Activities 0 0 0 29 29 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29 29 0 <------Designated Funds------> |
Restricted Land Fund 0 0 0 0 0 0 429 0 429 0 0 0 438 0 438 0 0 0 867 |
Total 31-Mar 2022 4,208 115 3,369 899 0 0 858 2,025 7,151 974 369 2,802 6,483 767 11,395 615 5,000 5,615 28,483 |
Total Prior Year 4,653 61 246 1,186 0 0 957 842 |
|---|---|---|---|---|---|
| 3,230 341 463 1,369 16,640 547 |
|||||
| 19,360 365 0 |
|||||
| 365 | |||||
| 27,669 |
These annexed notes form part of the Financial Statements
Page 6
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
| Expenditure Continues Note Brought Forward Other Expenditure Sundry Depreciation Fixtures & Fittings Motor Vehicles Stores, Tents, Equipment &etc Governance Costs Postage & Stationery Independent Examiner Total Expenditure Sub-total Income/(Expenditure) Investment Gains/(Losses) - Unrealised 9 Net Income/(Expenditure) and Net Movement in Funds Reconciliation of Funds Funds Balances Brought Forward as at 1st April 2021 Funds Balances Carried Forward as at 31st March 2022 |
Unrestricted General Fund 27,558 167 0 68 549 617 84 360 444 28,787 (15,380) 1,399 (13,981) 68735 54,754 |
Vehicle Building Special Replacement Development Activities 29 29 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29 29 0 724 24,486 65 700 700 0 1,423 25,186 65 25913 32714 6316 27,336 57,900 6,381 <------Designated Funds------> |
Restricted Land Fund 867 0 0 68 0 68 0 0 0 935 1,673 0 1,673 89572 91,245 |
Total 31-Mar 2022 28,483 167 0 136 549 685 84 360 444 29,779 11,568 2,798 14,366 223,249 237,615 |
Total Prior Year 27,669 58 32 182 304 |
|---|---|---|---|---|---|
| 518 27 360 |
|||||
| 387 | |||||
| 28,632 | |||||
| 11,493 12,368 |
|||||
| 23,862 199,388 |
|||||
| 223,249 |
These annexed notes form part of the Financial Statements
Page 7
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
| BALANCE SHEET Note Fixed Assets Tangible Assets 4,5 Investments 9 CurrentAssets Debtors & Prepayments Accrued Interest & Investment Income Cash at Bank & in Hand 8 Less Current Liabilities Creditors falling due within one year Net Current Assets Net Assets REPRESENTED BY: The Funds of the Charity Unrestricted Designated Restricted Total Charity Funds |
Unrestricted General Fund 28,703 26,299 55,001 8,641 544 144,668 153,853 1,180 152,673 207,674 54,754 54,754 |
Vehicle Building Special Replacement Development Activities 0 0 0 13,149 13,149 0 13,149 13,149 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13,149 13,149 0 27,336 57,900 6,381 27,336 57,900 6,381 <------Designated Funds------> |
Restricted Land Fund 0 0 0 0 0 6,498 6,498 2,855 3,643 3,643 91,245 91,245 |
Total 31-Mar 2022 28,703 52,597 81,299 8,641 544 151,165 160,351 4,035 156,316 237,615 54,754 91,617 91,245 237,615 |
Total Prior Year 6,132 49,799 |
|---|---|---|---|---|---|
| 55,931 6,753 646 164,293 |
|||||
| 171,692 4,373 |
|||||
| 167,319 | |||||
| 223,250 | |||||
| 68,735 64,943 89,572 |
|||||
| 223,250 |
The Group’s trustees are responsible for the maintenance of the Financial Records and preparation of the accounts and they consider that an audit is not required for this year under section 144 of the Charities Act 2011 (The Charities Act) and that an Independent Examination is needed. These financial statements were approved by the Trustees on _____ and signed on their behalf by:
Full Name:__________
These annexed notes form part of the Financial Statements
Page 8
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
1. ACCOUNTING POLICIES
a) Basis of preparation of the Financial Statements.
The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2015), the Charities SORP (FRS102).
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
b) Depreciation
| b) Depreciation | b) Depreciation | b) Depreciation |
|---|---|---|
| Depreciation has been calculated to write off the cost of tangible fixed assets over their expected useful lives | ||
| using the following rates: | Freehold Property | 0% |
| Fixtures, Fittings and Equipment | 20% by straight line | |
| Stores, Tents, Equipment &etc | 20% by straight line | |
| Motor Vehicles | 25% on reducing balance | |
| Machinery & Equipment (Land Fund) | 20% by straight line |
c) Freehold Property
The freehold property at Headquarters in Pickering Street, Loose and the freehold land, known as Swiss Valley, is vested in The Scout Association Trust Corporation as perpetual trustees. Since the Group has no intentions of disposing of the land in Swiss Valley, it is amortised to nil value in these accounts. In addition to the purchase costs, the cost of water installations, trees, etc. are written off in the year the expenditure is incurred.
d) Investments
Investments are re-valued to market value at 31st March each year and the unrealised gain or loss is shown in the Statement of Financial Activities.
e) Stocks
Sundry stocks are valued at the lower of cost or realisable value. Badges and scarves are charged as an expense in the year of purchase.
f) Income
Subscription income is accounted for on a received basis and income tax on covenanted subscriptions is accounted for in respect of those subscriptions received.
Grants and donations are accounted for when their receipt becomes certain.
g) Expenditure
Expenditure is provided for on an accruals basis.
Charitable activities include expenditure associated with the promotion of the Group's objectives and include both direct costs and support costs relating to these activities.
Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
h) Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
i) Volunteers
The charity relies on the support of unpaid volunteers and the notional value of their time is not included in its Statements of Financial Affairs.
Page 9
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2022
j) Fund Accounting
The funds held by the Charity are either Unresticted General Funds which can be used at the discretion of the Trustees in accordance with the Group's charitable purposes; or
Unrestricted Designated Funds are set aside by the Trustees for designated purposes in accordance with the Group's charitable objectives; or
Resticted Funds are utilised for a purpose in accordance with the specific instructions of the donors or if raised by the Charity for a particular purpose. Costs of raising and administering such funds are charged against that fund.
2. CONTRIBUTIONS FROM SUPPORTERS ASSOCIATIONS
| Jumble Sales less expenses Social Activities less expenses 3. TRANSPORT RUNNING EXPENSES Road Tax & Insurance Fuel, Maintenance & Repairs Minibus Training Hire of Minibuses 4. FIXED ASSETS - GENERAL FUND Freehold Fixtures & Stores Property Fittings &etc Costat 1 April 21 16,061 7,941 11,177 Additions in year 11,723 0 1,223 Disposals in year 0 (2,080) 0 Cost at 31 March 22 27,784 5,861 12,400 Depreciationat 1 April 21 0 7,941 10,873 Charge for year 0 0 549 Disposals in year 467 (2,080) 0 Depreciation at 31 March 22 467 5,861 11,422 Less Grants 0 0 0 Written Down Value as at 1 April 2021 5,284 0 304 as at 31 March 2022 27,316.54 0.00 978.00 5. FIXED ASSETS - LAND FUND Freehold Machinery Land Equipment Costat 1 April 21 25,403 1,346 Additions in year 0 0 Disposals in year 0 0 Cost at 31 March 22 25,403 1,346 Depreciationat 1 April 21 25,403 1,346 Charge for year 0 0 Disposals in year 0 0 Depreciation at 31 March 22 25,403 1,346 Written Down Value as at 1 April 2021 0 0 as at 31 March 2022 0 0 |
Jumble Sales less expenses Social Activities less expenses 3. TRANSPORT RUNNING EXPENSES Road Tax & Insurance Fuel, Maintenance & Repairs Minibus Training Hire of Minibuses 4. FIXED ASSETS - GENERAL FUND Freehold Fixtures & Stores Property Fittings &etc Costat 1 April 21 16,061 7,941 11,177 Additions in year 11,723 0 1,223 Disposals in year 0 (2,080) 0 Cost at 31 March 22 27,784 5,861 12,400 Depreciationat 1 April 21 0 7,941 10,873 Charge for year 0 0 549 Disposals in year 467 (2,080) 0 Depreciation at 31 March 22 467 5,861 11,422 Less Grants 0 0 0 Written Down Value as at 1 April 2021 5,284 0 304 as at 31 March 2022 27,316.54 0.00 978.00 5. FIXED ASSETS - LAND FUND Freehold Machinery Land Equipment Costat 1 April 21 25,403 1,346 Additions in year 0 0 Disposals in year 0 0 Cost at 31 March 22 25,403 1,346 Depreciationat 1 April 21 25,403 1,346 Charge for year 0 0 Disposals in year 0 0 Depreciation at 31 March 22 25,403 1,346 Written Down Value as at 1 April 2021 0 0 as at 31 March 2022 0 0 |
Jumble Sales less expenses Social Activities less expenses 3. TRANSPORT RUNNING EXPENSES Road Tax & Insurance Fuel, Maintenance & Repairs Minibus Training Hire of Minibuses 4. FIXED ASSETS - GENERAL FUND Freehold Fixtures & Stores Property Fittings &etc Costat 1 April 21 16,061 7,941 11,177 Additions in year 11,723 0 1,223 Disposals in year 0 (2,080) 0 Cost at 31 March 22 27,784 5,861 12,400 Depreciationat 1 April 21 0 7,941 10,873 Charge for year 0 0 549 Disposals in year 467 (2,080) 0 Depreciation at 31 March 22 467 5,861 11,422 Less Grants 0 0 0 Written Down Value as at 1 April 2021 5,284 0 304 as at 31 March 2022 27,316.54 0.00 978.00 5. FIXED ASSETS - LAND FUND Freehold Machinery Land Equipment Costat 1 April 21 25,403 1,346 Additions in year 0 0 Disposals in year 0 0 Cost at 31 March 22 25,403 1,346 Depreciationat 1 April 21 25,403 1,346 Charge for year 0 0 Disposals in year 0 0 Depreciation at 31 March 22 25,403 1,346 Written Down Value as at 1 April 2021 0 0 as at 31 March 2022 0 0 |
Jumble Sales less expenses Social Activities less expenses 3. TRANSPORT RUNNING EXPENSES Road Tax & Insurance Fuel, Maintenance & Repairs Minibus Training Hire of Minibuses 4. FIXED ASSETS - GENERAL FUND Freehold Fixtures & Stores Property Fittings &etc Costat 1 April 21 16,061 7,941 11,177 Additions in year 11,723 0 1,223 Disposals in year 0 (2,080) 0 Cost at 31 March 22 27,784 5,861 12,400 Depreciationat 1 April 21 0 7,941 10,873 Charge for year 0 0 549 Disposals in year 467 (2,080) 0 Depreciation at 31 March 22 467 5,861 11,422 Less Grants 0 0 0 Written Down Value as at 1 April 2021 5,284 0 304 as at 31 March 2022 27,316.54 0.00 978.00 5. FIXED ASSETS - LAND FUND Freehold Machinery Land Equipment Costat 1 April 21 25,403 1,346 Additions in year 0 0 Disposals in year 0 0 Cost at 31 March 22 25,403 1,346 Depreciationat 1 April 21 25,403 1,346 Charge for year 0 0 Disposals in year 0 0 Depreciation at 31 March 22 25,403 1,346 Written Down Value as at 1 April 2021 0 0 as at 31 March 2022 0 0 |
Motor Vehicles 10,863 0 0 |
31-Mar-22 0 0 0 753 204 0 0 957 31-Mar-22 Total 46,042 12,945 (2,080) 56,907 29,133 685 (1,613) 28,205 0 6,132 28,703 31-Mar-21 Total 26,749 0 0 26,749 26,749 0 0 26,749 0 0 |
31-Mar-21 1,986 285 |
|---|---|---|---|---|---|---|
| 2,271 | ||||||
| 717 511 0 0 |
||||||
| 1,228 | ||||||
| 31-Mar-21 Total 46,042 0 0 |
||||||
| 27,784 | 5,861 | 12,400 | 10,863 | 46,042 | ||
| 0 0 467 |
7,941 0 (2,080) |
10,873 549 0 |
10,319 136 0 |
28,615 518 0 |
||
| 467 | 5,861 | 11,422 | 10,455 | 29,133 | ||
| 0 5,284 27,316.54 Freehold Land 25,403 0 0 25,403 25,403 0 0 25,403 0 0 |
0 0 0.00 |
0 304 978.00 Machinery Equipment 1,346 0 0 1,346 1,346 0 0 1,346 0 0 |
0 544 408.00 |
10,777 | ||
| 6,650 | ||||||
| 6,132 | ||||||
| 31-Mar-20 Total 26,749 0 0 |
||||||
| 26,749 | ||||||
| 26,749 0 0 |
||||||
| 26,749 | ||||||
| 0 | ||||||
| 0 |
Page 10
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
6. STATEMENT OF CASH FLOWS
| 6. STATEMENT OF CASH FLOWS | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | **31-Mar-22 ** | 31-Mar-21 | |||||||
| Cash used & generated byOperating Activities: | 7 | 10,385 | 9,596 | ||||||
| From Investment Activities: | |||||||||
| Interest and dividends received | 3,404 | 3,951 | |||||||
| Purchase of fixtures, fittings and equipment | 0 | 0 | |||||||
| Purchase of fixed asset investments | 0 | 0 | |||||||
| Decrease/(increase) in term deposits (over | 3 | months to maturity) | (1,478) | 30,539 | |||||
| Cash used & generated byInvestment Activities: | 1,926 | 34,490 | |||||||
| Total Activities | 12,310 | 44,086 | |||||||
| As at beginning of year | 109,992 | 65,907 | |||||||
| As at end of year | 8 | 122,303 | 109,992 | ||||||
| 7. RECONCILIATION OF OPERATING ACTIVITIES CASH | |||||||||
| Net Movement in Funds | 14,366 | 23,862 | |||||||
| Adjusted for: Depreciation | 685 | 518 | |||||||
| Interest & Dividends Received | (3,404) | (3,951) | |||||||
| Unrealised investment (gains)/losses | (2,798) | (12,368) | |||||||
| Decrease/(increase) in debtors & prepayments | 1,877 | 1,877 | |||||||
| Increase/(decrease) in creditors | (341) | (341) | |||||||
| Cash used & generated byOperating Activities: | 6 | 10,385 | 9,596 | ||||||
| 8. CASH ANALYSIS | |||||||||
| Lloyds Bank General Current | 784 | 2,344 | |||||||
| Lloyds Bank General Deposit | 44,923 | 58,753 | |||||||
| Lloyds Bank Land Current | 6,498 | 5,240 | |||||||
| Lloyds Bank: Willow Beavers | 411 | 711 | |||||||
| Lloyds Bank: Maple Beavers | 782 | 806 | |||||||
| Lloyds Bank: Monday Cubs (Lions) | 688 | 972 | |||||||
| Lloyds Bank: Thursday Cubs (Tigers) | 755 | 821 | |||||||
| Lloyds Bank: Maclean Troop | 819 | 819 | |||||||
| Lloyds Bank: Rowallan | 1,120 | 879 | |||||||
| Hargreaves Lansdown: instant | access income & capital accounts | 722 | 714 | ||||||
| Cash | 347 | 399 | |||||||
| 6 | 57,850 | 72,457 | |||||||
| Close Brothers Business 12 months Notice | 51,086 | 50,557 | |||||||
| NS&I Growth Bonds (Mature | 16/11/22) | 42,228 | 41,279 | ||||||
| 151,165 | 164,293 | ||||||||
| 9. FIXED ASSETS - INVESTMENTS | |||||||||
| Holding | Original | Market | Holding | Market | Unrealised | Income | Income % | ||
| Hargreaves Lansdown | 31-Mar-21 | Cost | 31-Mar-21 | 31-Mar-22 | 31-Mar-22 | gain/(loss) | for year | on Cost | |
| £ | £ | £ | £ | £ | |||||
| AVI Global Trust plc: 10p ordinary shares | 1,280 | 7,955 | 12,083 | 6,400 | 12,774 | 691 | 211 | 2.7% | |
| City of London Investmt Trust: 25p ordinary shares | 3,500 | 14,220 | 13,265 | 3,500 | 14,525 | 1,260 | 672 | 4.7% | |
| Edinburgh Investment Trust: 25p ordinary shares | 2,000 | 14,148 | 11,960 | 2,000 | 12,680 | 720 | 573 | 4.0% | |
| HL Multi-Manager High Income: class A | 9,480,834 | 9,976 | 9,826 | 9,480,834 | 9,823 | (3) | 383 | 3.8% | |
| LF ASI Income Focus: class Z | 4,985,542 | 4,941 | 2,665 | 4,985,542 | 2,794 | 130 | 120 | 2.4% | |
| 51,241 | 49,799 | 52,597 | 2,798 | 1,960 | 3.8% | ||||
| Allocation: General Fund |
25,621 | 24,899 | 26,299 | 1,399 | 980 | ||||
| Vehicle Replacement | 12,810 | 12,450 | 13,149 | 700 | 490 | ||||
| Building Development | 12,810 | 12,450 | 13,149 | 700 | 490 | ||||
| 51,241 | 49,799 | 52,597 | 2,798 | 1,960 |
Page 11
LOOSE SWISS SCOUTS GROUP
REGISTERED CHARITY NO. 303413
INDEPENDENT EXAMINERS REPORT
FOR THE YEAR ENDED 31st MARCH 2022
I report on the accounts of the Group for the year ended 31st March 2022 which comprise the Statement of Financial Activities, the Balance Sheet and related notes set out on pages 5 to 11
This report is made solely to the trustees in accordance with Section 145 of the Charities Act 2011. The review has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees for the examination.
Respective responsibilities of trustees and examiner
The Group’s trustees are responsible for the maintenance of the Financial Records and preparation of the accounts, they considering that an audit is not required under section 144 of the Charities Act 2011 (The Charities Act) and that an Independent Examination is needed.
I have, therefore:
Examined the accounts under section 145 of the Charities Act; Followed the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the Charities Act; and Included in the Report any matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Group and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with the examination, no matter has come to my attention:
(i) Which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the Act: and
-to prepare accounts which accord with the accounting records and comply with the requirements of the Act and that the regulations have not been met: or
(ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
R Wilson Weller Wilson Partnership 3 Hannant Court, Victoria Grove Hythe, Kent CT21 5RF
Page 12