## **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:
1. 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**
**Cost**at 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
**Depreciation**at 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**
**Cost**at 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
**Depreciation**at 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**
**Cost**at 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
**Depreciation**at 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**
**Cost**at 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
**Depreciation**at 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**
**Cost**at 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
**Depreciation**at 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**
**Cost**at 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
**Depreciation**at 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**
**Cost**at 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
**Depreciation**at 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**
**Cost**at 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
**Depreciation**at 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 by**Operating 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 by**Investment 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 by**Operating 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**
**Cost**at 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
**Depreciation**at 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**
**Cost**at 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
**Depreciation**at 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**
**Cost**at 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
**Depreciation**at 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**
**Cost**at 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
**Depreciation**at 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**
**Cost**at 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
**Depreciation**at 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**
**Cost**at 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
**Depreciation**at 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**
**Cost**at 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
**Depreciation**at 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**
**Cost**at 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
**Depreciation**at 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 by**Operating 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 by**Investment 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 by**Operating 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