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2024-03-31-accounts

LOOSE SWISS SCOUT GROUP

Registered Charity Number 303413

REPORT AND FINANCIAL STATEMENTS

For the year ending 31[st] March 2024

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 SCOUT GROUP

Registered Charity Number 303413

General Information

Trustees: Ex-O�icio

Group Council

(Those who have served during the year to 31[st] March 2024 and up to the date of signing this report)

Appointment Name
Group Chairman Mrs Deborah Hayes
Gorup Scout Leader Mr Paul Worden (resigned April 2024)
Mr Steve Harley (appointed April 2024)
Group Treasurer Ms Sarah Beecham (resigned April 2024)
Mr Paul Worden (appointed April 2024)
Group Secretary Mr Mark Sunnucks
Membership Secretary Mrs Bella Golding
Assistant Group Scout Mrs Audrey Beeching,
Leaders Mr Peter Gardner
Scout Leaders Mr Mark Keable
Mr Steve Harley (resigned April 2024)
Cub Scout Leaders Mrs Anna Bowman
Mr Neil Richardson
Beaver Scout Leaders Ms Michelle Finnegan
Mr Stephen Prior

Bankers

Lloyds Bank PLC, 18 Week Street, Maidstone, Kent ME14 1RW Close Bros Ltd, 10 Crown Place, London, EC2 4FT

Custodian Trustees

The Scout Association Trust Corporation, Gilwell Park, London E4 7QW

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

LOOSE SWISS SCOUT GROUP

TRUSTEES' ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

ended 31 March 2024.

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.

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. This is, of course, only achieved through the e�orts 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 su�icient 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.

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 Group owns its Headquarters in Pickering Street and a substantial are of open space known as Swiss Valley. The maintenance of both HQ and the Land is undertaken by volunteers within the Group supplemented by Professional Support where needed.

In addition to the subscriptions paid by Parents the Group also holds fund raising events to raise additional funds for the Group. These activities are also undertaken by Volunteers but provide additional resources to the Group.

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) (e�ective from 1 January 2015) and known as the Charities SORP (FRS 102), and the Charities Act 2011.

Total income for the year amounted to £27,599 an Increase of £1,363 on the previous year's figure of £26,236. This increase was primarily due to increased investment income due to higher interest rates and higher amounts from fundraising being o�set by reductions in rental income from the Land.

Total expenditure during the year at £22,795 was some £689 more than the previous year's figure of £22,106. This increase was mainly due to premises costs being o�set by a reduction in the capitation paid to the District, County and National Scout Associations.

In addition to this unrealised on the Groups Long Term Investments added a further £3,185, this resulted in an overall surplus income over expenditure of £7,989.

The Groups overall fund balances stand at £248,081, of which £167,257 are considered as liquid and available for use.

The Groups splits these fund balances between the various funds, but the Groups General Fund stands at £50,074. The Group has a policy that these funds should be su�icient balance to cover the Groups full expenditure for a twelve month period.

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:

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.

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, the volunteers providing support to keep both Headquarters and Swiss Valley to a safe standards and the invaluable support of the many helpers in fundraising activities

Approved by the Trustees on 21 September 2024 and signed on their behalf by:

Debbie Hayes

Chairman - Loose Swiss Scout Group

LOOSE SWISS SCOUTS GROUP

REGISTERED CHARITY NO. 303413

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2024

Income
Note
Gifts and Donations:
Membership
Income Tax on Gift Aid
Sundry Donations
Supporters Association
2
Grants etc 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
9,973
0
9,973
500
485
0
10,958
0
0
0
0
0
2,855
4,923
0
0
7,778
625
731
1,356
20,092		 Vehicle
Building
Special
Replacement
Development
Activities
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
0
0
775
982
192
364
364
0
1,139
1,346
192
1,139
1,346
192
<------Designated Funds------>		 Restricted
Land
Fund
0
0
0
0
0
32
32
3,135
0
0
0
3,135
0
0
0
0
0
1,662
0
1,662
4,829		 Total
31-Mar
2024
9,973
0
9,973
500
485
32
10,990
3,135
0
0
0
3,135
2,855
4,923
0
0
7,778
4,237
1,459
5,696
27,599		 Total
Prior
Year
9,335
500
9,835
1,500
0
532
11,867
5,990
0
0
0
5,990
1,655
3,370
0
0
5,025
1,447
1,908
3,355
26,236

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 2024

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
4,704
28
6,568
682
0
0
288
1,458
8,995
60
2,216
1,786
1,023
808
5,894
108
0
108
19,728		 Vehicle
Building
Special
Replacement
Development
Activities
0
0
0
14
14
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
14
14
0
<------Designated Funds------>		 Restricted
Land
Fund
0
0
0
0
0
0
288
0
288
0
0
0
505
0
505
0
0
0
793		 Total
31-Mar
2024
4,704
56
6,568
682
0
0
575
1,458
9,283
60
2,216
1,786
1,528
808
6,398
108
0
108
20,548		 Total
Prior
Year
5,194
0
6,677
1,538
0
0
764
659
9,637
55
1,179
793
2,614
759
5,401
28
0
28
20,260

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 2024

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 2023
Funds Balances Carried Forward
as at 31st March 2024		 Unrestricted
General
Fund
19,728
300
790
39
305
1,134
54
720
774
21,936
(1,844)
1,593
(252)
50326
50,074		 Vehicle
Building
Special
Replacement
Development
Activities
14
14
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
14
14
0
1,125
1,333
192
796
796
0
1,922
2,129
192
27667
58303
6448
29,589
60,432
6,640
<------Designated Funds------>		 Restricted
Land
Fund
793
0
0
39
0
39
0
0
0
831
3,998
0
3,998
97348
101,346		 Total
31-Mar
2024
20,548
300
790
77
305
1,173
54
720
774
22,795
4,804
3,185
7,989
240,092
248,081		 Total
Prior
Year
20,260
327
525
102
245
872
288
360
648
22,106
4,130
(1,653)
2,476
237,615
240,092

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 2024

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
26,658
27,084
53,742
8,510
302
147,814
156,627
1,231
155,396
209,138
50,074
50,074		 Vehicle
Building
Special
Replacement
Development
Activities
0
0
0
13,541
13,541
0
13,541
13,541
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,541
13,541
0
29,589
60,432
6,640
29,589
60,432
6,640
<------Designated Funds------>		 Restricted
Land
Fund
0
0
0
0
0
11,861
11,861
0
11,861
11,861
101,346
101,346		 Total
31-Mar
2024
26,658
54,166
80,824
8,510
302
159,675
168,488
1,231
167,257
248,081
50,074
96,661
101,346
248,081		 Total
Prior
Year
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

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 2024

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 2024

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 ASSOCIATION

Jumble Sales less expenses
Fund Raising 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 22
27,784
5,861.42
12,400
Additions in year
0
0
0
Disposals in year
0
0
0
Cost at 31 March 23
27,784
5,861
12,400
Depreciationat 1 April 22
992
5,861
11,666
Charge for year
790
0
305
Disposals in year
0
0
0
Depreciation at 31 March 23
1,783
5,861
11,972
Less Grants
0
0
0
Written Down Value
as at 1 April 2023
26,792
0
734
as at 31 March 2024
26,001
0.00
428
5. FIXED ASSETS - LAND FUND
Freehold
Machinery
Land
Equipment
Costat 1 April 23
25,403
1,347
Additions in year
0
0
Disposals in year
0
0
Cost at 31 March 24
25,403
1,347
Depreciationat 1 April 23
25,403
1,347
Charge for year
0
0
Disposals in year
0
0
Depreciation at 31 March 24
25,403
1,347
Written Down Value
as at 1 April 2023
0
0
as at 31 March 2024
0
0		 Jumble Sales less expenses
Fund Raising 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 22
27,784
5,861.42
12,400
Additions in year
0
0
0
Disposals in year
0
0
0
Cost at 31 March 23
27,784
5,861
12,400
Depreciationat 1 April 22
992
5,861
11,666
Charge for year
790
0
305
Disposals in year
0
0
0
Depreciation at 31 March 23
1,783
5,861
11,972
Less Grants
0
0
0
Written Down Value
as at 1 April 2023
26,792
0
734
as at 31 March 2024
26,001
0.00
428
5. FIXED ASSETS - LAND FUND
Freehold
Machinery
Land
Equipment
Costat 1 April 23
25,403
1,347
Additions in year
0
0
Disposals in year
0
0
Cost at 31 March 24
25,403
1,347
Depreciationat 1 April 23
25,403
1,347
Charge for year
0
0
Disposals in year
0
0
Depreciation at 31 March 24
25,403
1,347
Written Down Value
as at 1 April 2023
0
0
as at 31 March 2024
0
0		 Jumble Sales less expenses
Fund Raising 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 22
27,784
5,861.42
12,400
Additions in year
0
0
0
Disposals in year
0
0
0
Cost at 31 March 23
27,784
5,861
12,400
Depreciationat 1 April 22
992
5,861
11,666
Charge for year
790
0
305
Disposals in year
0
0
0
Depreciation at 31 March 23
1,783
5,861
11,972
Less Grants
0
0
0
Written Down Value
as at 1 April 2023
26,792
0
734
as at 31 March 2024
26,001
0.00
428
5. FIXED ASSETS - LAND FUND
Freehold
Machinery
Land
Equipment
Costat 1 April 23
25,403
1,347
Additions in year
0
0
Disposals in year
0
0
Cost at 31 March 24
25,403
1,347
Depreciationat 1 April 23
25,403
1,347
Charge for year
0
0
Disposals in year
0
0
Depreciation at 31 March 24
25,403
1,347
Written Down Value
as at 1 April 2023
0
0
as at 31 March 2024
0
0		 Jumble Sales less expenses
Fund Raising 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 22
27,784
5,861.42
12,400
Additions in year
0
0
0
Disposals in year
0
0
0
Cost at 31 March 23
27,784
5,861
12,400
Depreciationat 1 April 22
992
5,861
11,666
Charge for year
790
0
305
Disposals in year
0
0
0
Depreciation at 31 March 23
1,783
5,861
11,972
Less Grants
0
0
0
Written Down Value
as at 1 April 2023
26,792
0
734
as at 31 March 2024
26,001
0.00
428
5. FIXED ASSETS - LAND FUND
Freehold
Machinery
Land
Equipment
Costat 1 April 23
25,403
1,347
Additions in year
0
0
Disposals in year
0
0
Cost at 31 March 24
25,403
1,347
Depreciationat 1 April 23
25,403
1,347
Charge for year
0
0
Disposals in year
0
0
Depreciation at 31 March 24
25,403
1,347
Written Down Value
as at 1 April 2023
0
0
as at 31 March 2024
0
0		 Motor
Vehicles
10,863
0
0		 31-Mar-24
0
500
500
399
177
0
0
575
31-Mar-23
Total
56,908
0
0
56,908
29,077
1,173
0
30,250
0
27,831
26,658
31-Mar-24
Total
26,750
0
0
26,750
26,750
0
0
26,750
0
0		 31-Mar-23
0
1,034
1,034
606
158
0
0
764
31-Mar-22
Total
56,908
0
0
27,784 5,861 12,400 10,863 56,908
992
790
0		 5,861
0
0		 11,666
305
0		 10,557
77
0		 28,206
872
0
1,783 5,861 11,972 10,634 29,077
0
26,792
26,001
Freehold
Land
25,403
0
0
25,403
25,403
0
0
25,403
0
0		 0
0
0.00		 0
734
428
Machinery
Equipment
1,347
0
0
1,347
1,347
0
0
1,347
0
0		 0
306
229		 0
28,703
27,831
31-Mar-23
Total
26,750
0
0
26,750
26,750
0
0
26,750
0
0

Page 10

LOOSE SWISS SCOUTS GROUP

REGISTERED CHARITY NO. 303413

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2024

6. STATEMENT OF CASH FLOWS

6. STATEMENT OF CASH FLOWS
Note **31-Mar-24 ** 31-Mar-23
Cash (used) / generated byOperating Activities: 7 (2,675) 2,172
From Investment Activities:
Interest and dividends received 5,696 3,355
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) (3,535) (1,271)
Cash used & generated byInvestment Activities: 2,160 2,084
Total Activities (515) 4,256
As at beginning of year 62,069 57,813
As at end of year 8 61,554 62,069
7. RECONCILIATION OF OPERATING ACTIVITIES CASH
Net Movement in Funds 7,989 2,476
Adjusted for: Depreciation 1,173 872
Interest & Dividends Received (5,696) (3,355)
Unrealised investment (gains)/losses (3,185) 1,653
Decrease/(increase) in debtors & prepayments (337) 709
Increase/(decrease) in creditors (2,620) (183)
Cash (used) / generated byOperating Activities: 6 (2,675) 2,172
8. CASH ANALYSIS
Lloyds Bank General Current 1,469 1,305
Lloyds Bank General Deposit 41,980 42,546
Lloyds Bank Land Current 11,861 11,783
Lloyds Bank: Willow Beavers 486 454
Lloyds Bank: Maple Beavers 769 879
Lloyds Bank: Monday Cubs (Lions) 968 888
Lloyds Bank: Thursday Cubs (Tigers) 800 1,033
Lloyds Bank: Maclean Troop 819 819
Lloyds Bank: Rowallan 1,362 1,339
Hargreaves Lansdown: instant access income & capital accounts 716 685
Cash 325 338
6 61,554 62,069
Close Brothers Business 12 months Notice 55,068 52,315
NS&I Growth Bonds (Mature 16/11/25) 43,053 42,271
159,675 156,655
9. FIXED ASSETS - INVESTMENTS
Holding Original Market Holding Market Unrealised Income Income %
Hargreaves Lansdown 31-Mar-23 Cost 31-Mar-23 31-Mar-24 31-Mar-24 gain/(loss) for year on Cost
£ £ £ £ £
AVI Global Trust plc: 10p ordinary shares 6,400 7,955 11,917 6,400 14,752 2,835 232 2.9%
City of London Investmt Trust: 25p ordinary shares 3,500 14,220 14,368 3,500 14,123 (245) 707 5.0%
Edinburgh Investment Trust: 25p ordinary shares 2,000 14,148 13,180 2,000 13,640 460 523 3.7%
HL Multi-Manager High Income: class A 9,480,834 9,986 8,893 9,492,072 9,087 194 346 3.5%
abrdnUK Equity K 4,985,542 4,941 2,624 2,156,020 2,565 (59) 126 2.6%
51,251 50,981 54,166 3,185 1,935 3.8%
Allocation:
General Fund		 25,621 25,491 27,084 1,593 968
Vehicle Replacement 12,810 12,745 13,541 796 484
Building Development 12,810 12,745 13,541 796 484
51,241 50,981 54,166 3,185 1,935

Page 11

LOOSE SWISS SCOUTS GROUP

REGISTERED CHARITY NO. 303413

INDEPENDENT EXAMINERS REPORT

FOR THE YEAR ENDED 31st MARCH 2024

I report on the accounts of the Group for the year ended 31st March 2024 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 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

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