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2025-03-31-accounts

REGISTERED CHARITY NO. 303413

LOOSE SWISS SCOUTS GROUP

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2025

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 31st MARCH 2025 and up to the date of the signing of this report)

Appointment

Name

Trustee & Group Chairman Mr Colin Flack (Group Chairman from January 2025) Trustee & Group Chairman Mrs Deborah Hayes (Resigned January 2025) Trustee Mr Paul Michael Worden Trustee Mrs Audrey Beeching Trustee Mr John Beeching Trustee Mr Mark Keable Trustee Mr Stephen Colin Harley Trustee Mrs Anna Bowman Trustee Ms Jessica Mancktelow

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 2025

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
8,664
(100)
8,564
1,265
550
0
10,379
0
0
0
0
0
536
3,326
0
0
3,862
1,474
925
2,399
16,640		 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
871
1,779
195
462
462
0
1,333
2,241
195
1,333
2,241
195
<------Designated Funds------>		 Restricted
Land
Fund
0
0
0
0
0
0
0
3,800
0
0
0
3,800
0
414
0
0
414
2,983
0
2,983
7,198		 Total
31-Mar
2025
8,664
(100)
8,564
1,265
550
0
10,379
3,800
0
0
0
3,800
536
3,740
0
0
4,276
7,303
1,849
9,152
27,607		 Total
Prior
Year
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

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 2025

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
4,910
24
4,537
382
0
0
681
1,826
7,426
1,468
3,803
1,962
11,307
702
19,241
148
0
148
31,749		 Vehicle
Building
Special
Replacement
Development
Activities
0
0
0
12
12
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
12
12
0
<------Designated Funds------>		 Restricted
Land
Fund
0
0
1,700
0
0
0
681
54
2,435
0
0
0
251
0
251
0
0
0
2,686		 Total
31-Mar
2025
4,910
49
6,237
382
0
0
1,363
1,880
9,862
1,468
3,803
1,962
11,558
702
19,492
148
0
148
34,459		 Total
Prior
Year
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

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 2025

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 2024
Funds Balances Carried Forward
as at 31st March 2025		 Unrestricted
General
Fund
31,749
798
642
29
305
976
120
720
840
34,363
(17,723)
1,418
(16,306)
50074
33,769		 Vehicle
Building
Special
Replacement
Development
Activities
12
12
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
12
12
0
1,321
2,229
195
709
709
0
2,030
2,938
195
29589
60432
6640
31,619
63,370
6,836
<------Designated Funds------>		 Restricted
Land
Fund
2,686
0
0
29
0
29
0
0
0
2,715
4,482
0
4,482
101346
105,829		 Total
31-Mar
2025
34,459
798
642
58
305
1,005
120
720
840
37,103
(9,496)
2,835
(6,660)
248,081
241,422		 Total
Prior
Year
20,548
300
790
77
306
1,173
54
720
774
22,795
4,804
3,185
7,989
240,092
248,081

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 2025

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
25,653
28,500
54,153
9,032
372
136,439
145,843
1,146
144,697
198,850
33,769
33,769		 Vehicle
Building
Special
Replacement
Development
Activities
0
0
0
14,251
14,251
0
14,251
14,251
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,251
14,251
0
31,619
63,370
6,836
31,619
63,370
6,836
<------Designated Funds------>		 Restricted
Land
Fund
0
0
0
0
0
14,070
14,070
0
14,070
14,070
105,829
105,829		 Total
31-Mar
2025
25,653
57,002
82,654
9,032
372
150,509
159,913
1,146
158,767
241,422
33,769.00
101,824.07
105,828.76
241,422		 Total
Prior
Year
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

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: Colin Flack OBE

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 2025

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 2025

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

2. CONTRIBUTIONS FROM SUPPORTERS ASSOCIATION 2. CONTRIBUTIONS FROM SUPPORTERS ASSOCIATION 2. CONTRIBUTIONS FROM SUPPORTERS ASSOCIATION 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
Cost as at 1st April 2024
27,784
5,861
12,400
Additions in year
0
0
0
Disposals in year
0
(1,393)
(4,013)
as at 31st March 2025
27,784
4,468
8,387
Depreciation as at 1st April 2024
1,783
5,861
11,972
Charge for year
642
0
305
Disposals in year
0
(1,393)
(4,013)
as at 31st March 2025
2,425
4,468
8,264
Less Grants
0
0
0
Written Down Value
as at 1st April 2024
26,001
0
428
as at 31st March 2025
25,359
0
123
5. FIXED ASSETS - LAND FUND
Freehold
Machinery
Land
Equipment
Cost as at 1st April 2024
25,403
1,347
Additions in year
0
0
Disposals in year
0
0
as at 1st April 2024
25,403
1,347
Depreciation as at 1st April 2024
25,403
1,347
Charge for year
0
0
Disposals in year
0
0
as at 31st March 2025
25,403
1,347
Written Down Value
as at 1st April 2024
0
0
as at 31st March 2025
0
0		 Motor
Vehicles
10,863
0
0		 31-Mar-25
2,019
1,255
3,274
2,429
(,1066)
0
0
1,363
31-Mar-25
Total
56,908
0
(5,406)
51,502
30,250
1,005
(5,406)
25,849
0
26,658
25,653
31-Mar-25
Total
26,750
0
0
26,750
26,750
0
0
26,750
0
0		 31-Mar-24
0
500
500
399
177
0
0
575
31-Mar-24
Total
56,908
0
0
27,784 4,468 8,387 10,863 56,908
1,783
642
0		 5,861
0
(1,393)		 11,972
305
(4,013)		 10,634
58
0		 29,077
1,173
0
2,425 4,468 8,264 10,692 30,250
0
26,001
25,359
Freehold
Land
25,403
0
0
25,403
25,403
0
0
25,403
0
0		 0
0
0		 0
428
123
Machinery
Equipment
1,347
0
0
1,347
1,347
0
0
1,347
0
0		 0
229
171		 0
27,831
26,658
31-Mar-24
Total
26,750
0
0
26,750
26,750
0
0
26,750
0
0

Page 10

REGISTERED CHARITY NO. 303413

LOOSE SWISS SCOUTS GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2025

6. STATEMENT OF CASH FLOWS

6. STATEMENT OF CASH FLOWS
Note **31-Mar-25 ** 31-Mar-24
Cash (used) / generated byOperating Activities: 7 (18,318) (2,675)
From Investment Activities:
Interest and dividends received 9,152 5,696
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) (6,679) (3,535)
Cash used & generated byInvestment Activities: 2,473 2,160
Total Activities (15,845) (515)
As at beginning of year 61,554 62,069
As at end of year 8 45,709 61,554
7. RECONCILIATION OF OPERATING ACTIVITIES CASH
Net Movement in Funds (6,660) 7,989
Adjusted for: Depreciation 1,005 1,173
Interest & Dividends Received (9,152) (5,696)
Unrealised investment (gains)/losses (2,835) (3,185)
Decrease/(increase) in debtors & prepayments (591) (337)
Increase/(decrease) in creditors (85) (2,620)
Cash (used) / generated byOperating Activities: 6 (18,318) (2,675)
8. CASH ANALYSIS
Lloyds Bank General Current 1,000 1,469
Lloyds Bank General Deposit 25,657 41,980
Lloyds Bank Land Current 14,070 11,861
Lloyds Bank: Willow Beavers 440 486
Lloyds Bank: Maple Beavers 678 769
Lloyds Bank: Monday Cubs (Lions) 825 968
Lloyds Bank: Thursday Cubs (Tigers) 609 800
Lloyds Bank: Maclean Troop 0 819
Lloyds Bank: Rowallan 1,314 1,362
Hargreaves Lansdown: instant access income & capital accounts 731 716
Cash 385 325
6 45,709 61,554
Close Brothers Business 12 months Notice 58,208 55,068
NS&I Growth Bonds (Mature 16/11/25) 46,592 43,053
150,509 159,675
9. FIXED ASSETS - INVESTMENTS
Holding Original Market Holding Market Unrealised Income Income %
31-Mar-24 Cost 31-Mar-24 31-Mar-25 31-Mar-25 gain/(loss) for year on Cost
Hargreaves Lansdown £ £ £ £ £
AVI Global Trust plc: 10p ordinary shares 6,400 7,955 14,752 6,400 14,720 (32) 240 3.0%
City of London Investmt Trust: 25p ordinary shares 3,500 14,220 14,123 3,500 15,785 1,663 735 5.2%
Edinburgh Investment Trust: 25p ordinary shares 2,000 14,148 13,640 2,000 14,780 1,140 552 3.9%
HL Multi-Manager High Income: class A 9,492,072 9,986 9,087 9,492,072 9,204 118 373 3.7%
abrdnUK Equity K 2,156,020 4,941 2,565 2,156,020 2,512 (53) 97 2.0%
51,251 54,166 57,002 2,835 1,997 3.9%
Allocation:
General Fund		 25,625 27,084 28,500 1,418 998
Vehicle Replacement 12,813 13,541 14,251 709 499
Building Development 12,813 13,541 14,251 709 499
51,251 54,166 57,002 2,835 1,997

Page 11

LOOSE SWISS SCOUTS GROUP

REGISTERED CHARITY NO. 303413

INDEPENDENT EXAMINERS REPORT

FOR THE YEAR ENDED 31st MARCH 2025

I report on the accounts of the Group for the year ended as at 31st March 2025 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

Page 12