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LOOSE SWISS SCOUTS GROUP

REGISTERED CHARITY NO. 303413

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2023

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

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 2023 and up to the date of the signing of this report)

Appointment Name Group Chairman Mrs Deborah Hayes Group Scout Leader Mr Paul Worden Group Treasurer Mrs Kathryn Moore Group Secretary Mr Mark Sunnucks Membership Secretary Mrs Isobel Golding Assistant Group Scout Leaders Mrs Audrey Beeching, Mr Peter Gardner Scout Leaders Mr Mark Keable, Mr Stephen Harley Cub Scout Leaders Mrs Anna Bowman, Mr Neil Richardson Beaver Scout Leaders Mrs Jill Wilson, Mr Stephen Prior

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, 44 Pickering Street, Loose, Maidstone, Kent, ME15 9RR

Page 1

LOOSE SWISS SCOUTS GROUP

REGISTERED CHARITY NO. 303413

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2023

*Income*	Note	Unrestricted	<------Designated Funds	<------Designated Funds	------ >	Restricted	Total	Total
		General	Vehicle	Building	Special	Land	31-Mar	Prior
		Fund	Replacement	Development	Activities	Fund	2023	Year
Gifts and Donations:
Membership		9,335	0	0	0	0	9,335	9,292
Income Tax on Gift Aid		500	0	0	0	0	500	1,509
		9,835	0	0	0	0	9,835	10,801
Sundry Donations							0	0
Supporters Association	2	0	0	0	0	1,500	1,500	20
Grants Received		0	0	0	0	0	0	23,693
Land Committee		0	0	0	0	532	532	0
		9,835	0	0	0	2,031	11,867	34,514
Activities for Generating Funds:
Grazing & Fishing Rents		0	0	0	0	5,990	5,990	500
Camping Fees		0	0	0	0	0	0	0
Hire of Equipment		0	0	0	0	0	0	0
Explorers use of HQ & Equipment		0	0	0	0	0	0	0
		0	0	0	0	5,990	5,990	500
Charitable Activities:
Camps, Outings & Activities		1,655	0	0	0	0	1,655	989
Fundraising		3,370	0	0	0	0	3,370	1,941
Sale of Badges, Souvenirs &etc		0	0	0	0	0	0	0
H Lansdown Loyalty Bonus		0	0	0	0	0	0	0
		5,025	0	0	0	0	5,025	2,930
Investment Income:
Bank & Other Interest		200	268	339	66	574	1,447	1,444
Dividends		954	477	477	0	0	1,908	1,960
		1,154	745	816	66	574	3,355	3,404
Total Income		16,014	745	816	66	8,595	26,236	41,347

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 2023

*Expenditure*	Unrestricted	<------Designated Funds	<------Designated Funds	----- >	Restricted	Total	Total
	General	Vehicle	Building	Special	Land	31-Mar	Prior
	Fund	Replacement	Development	Activities	Fund	2023	Year
Charitable Activities:
Subscriptions due to District	5,194	0	0	0	0	5,194	4,208
Costs of Generating Funds
Investment Management	0	0	0	0	0	0	115
Activities
Camps, Outings & Activities	6,677	0	0	0	0	6,677	3,369
Badges, Souvenirs &etc	1,538	0	0	0	0	1,538	899
Computer Expenses	0	0	0	0	0	0	0
Uniforms & Shirts	0	0	0	0	0	0	0
Transport Costs	382	0	0	0	382	764	858
Maintenance of Equipment	659	0	0	0	0	659	2,025
	9,255	0	0	0	382	9,637	7,151
Premises
Sewerage & Water Rates	55	0	0	0	0	55	974
Power, Light & Heat	1,179	0	0	0	0	1,179	369
Insurance	793	0	0	0	0	793	2,802
Repairs & Renewals	556	0	0	0	2,058	2,614	6,483
Cleaning	759	0	0	0	0	759	767
	3,343	0	0	0	2,058	5,401	11,395
Donations- Sundry	28	0	0	0	0	28	615
Donations- MWD Hardship Fund	0	0	0	0	0	0	5,000
	28	0	0	0	0	28	5,615
Carried Forward	17,820	0	0	0	2,440	20,260	28,483
	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 2023

<------Designated Funds - Vehicle Building Replacement Development 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 745 816 (413) (413) 331 403 27336 57900 27,667 58,303	---- > Special Activities 0 0 0 0 0	Restricted Land Fund 2,440 0 0 51 0	327 Total 31-Mar 2023 20,260 525 102 245	167 Total Prior Year 28,483 0 136 549
	0 0 0	51 0 0	288 360 872	84 360 685
	0 0	0 2,491	648 22,106	444 29,779

816 (413) 403 57900 58,303	66 0	6,104 0	4,130 (1,653)	11,568 2,798
	66 6381	6,104 91245	2,476 237,615	14,366 223,249
	6,448	97,348	240,092	237,615

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 2023

*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 27,831 25,491 53,322 7,831 645 144,872 153,348 1,216 152,132 205,454 50,326 50,326	<------Designated Funds -- Vehicle Building Replacement Development 0 0 12,745 12,745 12,745 12,745 0 0 0 0 0 0 0 0 0 0 0 0 12,745 12,745 27,667 58,303 27,667 58,303	--- > Special Activities 0 0 0 0 0 0 0 0 0 0 6,448 6,448	Restricted Land Fund 0 0 0 0 0 11,783 11,783 2,635 9,148 9,148 97,348 97,348	Total 31-Mar 2023 27,831 50,981 78,812 7,831 645 156,655 165,131 3,851 161,279 240,092 50,326 92,418 97,348 240,092	Total Prior Year 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

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 2023

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

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 2023

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

Costat 1 April 22
Additions in year
Disposals in year
Cost at 31 March 23
Depreciationat 1 April 22
Charge for year
Disposals in year
Depreciation at 31 March 23
Written Down Value
as at 1 April 2022
as at 31 March 2023
Freehold
Land
25,403
0
0
25,403
Machinery
Equipment
1,347
0
0
1,347
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
Motor
Property
Fittings
&etc
Vehicles
Costat 1 April 22
27,784
5,861.42
12,400
10,863
Additions in year
0
0
0
0
Disposals in year
0
0
0
0
Cost at 31 March 23
27,784
5,861
12,400
10,863
Depreciationat 1 April 22
467.37
5,861.42
11,421.52
10,455.25
Charge for year
525
0
245
102
Disposals in year
0
0
0
0
Depreciation at 31 March 23
992
5,861
11,666
10,557
0
0
0
0
27,317
0
978
408
26,792
0.00
733.50
306.00
5. FIXED ASSETS - LAND FUND
Less Grants
Written Down Value
as at 1 April 2022
as at 31 March 2023
25,403
0
0
25,403
1,347
0
0
1,347
0
0
0
0

31-Mar-23
31-Mar-22
Total
Total
26,750
26,750
0
0
0
0
26,750
26,750
31-Mar-23
31-Mar-22
0
0
0
0
0
0
70
753
170
204
0
0
0
0
240
957
31-Mar-23
31-Mar-22
Total
Total
56,908
46,042
0
12,945
0
(2,080)
56,908
56,907
28,206
29,133
872
685
0
(1,613)
29,077
28,205
0
0
28,702
16,909
27,831
28,702
26,750
26,750
0
0
0
0
26,750
26,750
0
0
0
0

Page 10

REGISTERED CHARITY NO. 303413

LOOSE SWISS SCOUTS GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2023

6. STATEMENT OF CASH FLOWS

Note 7 8 6 8. CASH ANALYSIS Lloyds Bank General Current Lloyds Bank General Deposit Lloyds Bank Land Current Lloyds Bank: Willow Beavers Lloyds Bank: Maple Beavers Lloyds Bank: Monday Cubs (Lions) Lloyds Bank: Thursday Cubs (Tigers) Lloyds Bank: Maclean Troop Lloyds Bank: Rowallan Hargreaves Lansdown: instant access income & capital accounts Cash 6 Close Brothers Business 12 months Notice NS&I Growth Bonds (Mature 16/11/22) Cash used & generated byOperating Activities: From Investment Activities: Interest and dividends received Purchase of fixtures, fittings and equipment Purchase of fixed asset investments Decrease/(increase) in term deposits (over 3 months to maturity) Cash used & generated byInvestment Activities: Total Activities As at beginning of year As at end of year 7. RECONCILIATION OF OPERATING ACTIVITIES CASH Net Movement in Funds Adjusted for:Depreciation Interest & Dividends Received Unrealised investment (gains)/losses Decrease/(increase) in debtors & prepayments Increase/(decrease) in creditors Cash used & generated byOperating Activities:	31-Mar-23 31-Mar-22 2,172 10,385
	3,355 3,404 0 0 0 0 (1,271) (1,478)
	2,084 1,926
	4,256 12,310 90,528 78,217
	94,784 90,528
	2,476 14,366 872 685 (3,355) (3,404) 1,653 (2,798) 709 1,877 (183) (341)
	2,172 10,385
	1,305 784 42,546 44,923 11,783 6,498 454 411 879 782 888 688 1,033 755 819 819 1,339 1,120 685 722 338 347
	62,069 57,850 52,315 51,086 42,271 42,228
	156,655 151,165

8. CASH ANALYSIS

9. FIXED ASSETS - INVESTMENTS

	Holding	Original	Market	Holding	Market	Unrealised	Income	Income %
Hargreaves Lansdown	31-Mar-22	Cost	31-Mar-22	31-Mar-23	31-Mar-23	gain/(loss)	for year	on Cost
		£	£		£	£	£
AVI Global Trust plc: 10p ordinary shares	6,400	7,955	12,774	6,400	11,917	(858)	211	2.7%
City of London Investmt Trust: 25p ordinary shares	3,500	14,220	14,525	3,500	14,368	(158)	700	4.9%
Edinburgh Investment Trust: 25p ordinary shares	2,000	14,148	12,680	2,000	13,180	500	512	3.6%
HL Multi-Manager High Income: class A	9,480,834	9,976	9,823	9,480,834	8,893	(930)	368	3.7%
LF ASI Income Focus: class Z	4,985,542	4,941	2,794	4,985,542	2,624	(171)	117	2.4%
		51,241	52,597		50,981	(1,616)	1,908	3.7%
Allocation: General Fund		25,621	26,299		25,491	(827)	954
Vehicle Replacement		12,810	13,149		12,745	(413)	477
Building Development		12,810	13,149		12,745	(413)	477
		51,241	52,597		50,981	(1,653)	1,908

Page 11

LOOSE SWISS SCOUTS GROUP

REGISTERED CHARITY NO. 303413

INDEPENDENT EXAMINERS REPORT

FOR THE YEAR ENDED 31st MARCH 2023

I report on the accounts of the Group for the year ended 31st March 2023 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

2023-03-31-accounts

LOOSE SWISS SCOUTS GROUP

REGISTERED CHARITY NO. 303413

LOOSE SWISS SCOUTS GROUP

GENERAL INFORMATION

TRUSTEES: Ex-Officio

BANKERS

CUSTODIAN TRUSTEES

INDEPENDENT EXAMINER

HEADQUARTERS

LOOSE SWISS SCOUTS GROUP

REGISTERED CHARITY NO. 303413

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2023

LOOSE SWISS SCOUTS GROUP

REGISTERED CHARITY NO. 303413

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2023

LOOSE SWISS SCOUTS GROUP

REGISTERED CHARITY NO. 303413

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2023

REGISTERED CHARITY NO. 303413

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2023

LOOSE SWISS SCOUTS GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2023

1. ACCOUNTING POLICIES

a) Basis of preparation of the Financial Statements.

b) Depreciation

c) Freehold Property

d) Investments

e) Stocks

f) Income

g) Expenditure

h) Irrecoverable VAT

i) Volunteers

LOOSE SWISS SCOUTS GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2023

j) Fund Accounting

2. CONTRIBUTIONS FROM SUPPORTERS ASSOCIATIONS

LOOSE SWISS SCOUTS GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2023

6. STATEMENT OF CASH FLOWS

8. CASH ANALYSIS

9. FIXED ASSETS - INVESTMENTS

LOOSE SWISS SCOUTS GROUP

INDEPENDENT EXAMINERS REPORT

FOR THE YEAR ENDED 31st MARCH 2023

Respective responsibilities of trustees and examiner

Basis of independent examiner’s statement

Independent examiner’s statement