## **Fourth Enfield Scout Group** ## **Annual Report 2025** Page 1 of 6 **4th Enfield Scout Group Treasurer’s Report (2025)** The financial position of the Group remains sound, with good reserves, some of which have been used over the period for exceptional expenditure funding. I would like to thank the helpers in the sections in managing the collection of membership subscriptions, the purchases needed for section meetings and activities, and the excellent record keeping. I would also like to thank our Accounts Independent Examiner for this year, Enver Huseyin. The Group General Fund recorded a loss of £40k helping to fund the roof work at the premises. The fund was also used for the running costs of the premises and to part fund some of the exciting activities enjoyed by the scouts. There was a further transfer of £30000 from our income generating investment deposits to meet the significant outlay. This is not a concern as the Group General Fund retains a sufficient balance to meet our short term needs, and was in the budgeting plan for the roof work. We are coming to the end of the current spend on the roofing work and hope this will see the premises sufficiently watertight for the next 10 – 20 years. The Group paid £3729 (a considerable +15% on 2024) Capitation fees, towards central costs of the Scout Association. The share contributed by the Sections has been held constant at £15 per head for many years despite the yearly rises in the fees. For 2025 the share from the Sections was increased to £25 with the balance being met by the General Fund income. Members’ subscriptions paid from the Sections totalled £7240, leaving the group with £3511 plus £1045 from a Gift Aid tax reclaim, once the capitation was paid. In addition, there were parent/carer contributions of £18822, against the activities expenditure of £23302. This is in line with our policy of using subs, grants, investment income and reserves towards the expenditure, and additional charging for some activities to help meet the costs. General Fund net income for Group purposes amounted to £34.6k. Our outgoings for the premises and supporting the sections were met by the fund, but the fund did decrease by £10k overall due to using it to part fund the roof work. Excluding the repair extraordinary outlay, running costs for the premises has slightly increased compared to the previous year. The Scout Troop Contingency Fund (Dixon Bequest) generated an income of £1.85k which is a small decrease in the improvement seen the previous year, but is an overall positive trend over a 3 year period. There was no expenditure from the fund and the balance increased to £97.4k at the year end. The underlying investments of the fund were revised and rationalised during the period, and are expected to improve the yield moving forwards and this will be used to part fund some of the expenditure in the scouting section. Income and expenditure of the Fred Hearn Bequest Fund, reserved for any major expense in the upkeep and improvement of the Headquarters building, showed a surplus of £10.9k, which represents a slight decrease on the previous year due to some of the underlying investment being drawn to part fund the roof improvement work. The balance of £60.2k, down from £79.4k on Income and Expenditure for this fund (mainly from investment Page 2 of 6 dividends) was carried forward to the 2026 accounting year. The fund will continue to be used to pay for the remainder of the roof work. ## **Ian Gibbs** Page 3 of 6 ## **Income and Expenditure Report 2025** ## **FOURTH ENFIELD SCOUT GROUP** ## **Income and Expenditure Account Summary for the year ended 31 December 2025** |2024
39,846.43
Total income
34,405.60
Total expenditure
5,440.83
Net surplus(+)/deficit(-)
398,335.55
Cash, bank and similar funds brought forward
Transfer from Hearn to General Fund
403,776.38
Cash, bank and similar funds carried forward|Restricted
Endowment
General
Fund - Dixon
Fund - Hearn
Funds
Bequest
Bequest
Total
£
£
£
£
34,599.05
1,852.47
10,891.78
47,343.30
74,368.03
0.00
0.00
74,368.03| |---|---| ||-39,768.98
1,852.47
10,891.78
-27,024.73
76,556.00
95,547.98
230,769.79
402,873.77| ||30,000.00
-30,000.00
0.00| ||| ||66,787.02
97,400.45
211,661.57
375,849.04| Includes capital invested in Endowment Fund The above account and accompanying statement of assets and liabilities were approved by the Trustees Page 4 of 6 ## **Assets and Liabilities Report 2025** ## **FOURTH ENFIELD SCOUT GROUP** ## **Statement of Assets and Liabilities at 31 December 2025** |2024
**Cash, bank and similar funds**
38,988.11
Bank Current Accounts
68,713.16
NSB Investment accounts
296,069.14
COIF Deposit Account
5.97
Cash in hand
403,776.38
0.00
**Current liability: creditor - capitation**
403,776.38
**Net assets**
Represented by balances on funds:
62,260.44
General
341,515.94
Dixon / Hearn Bequests
403,776.38|Restricted
Endowment
General
Fund - Dixon
Fund - Hearn
Funds
Bequest
Bequest
Total
£
£
£
41,164.90
41,164.90
70,096.19
70,096.19
25,573.17
27,304.26
211,661.57
264,539.00
48.95
48.95| |---|---| ||66,787.02
97,400.45
211,661.57
375,849.04| ||0.00
0.00| ||66,787.02
97,400.45
211,661.57
375,849.04| ||66,787.02
66,787.02
97,400.45
211,661.57
309,062.02| ||66,787.02
97,400.45
211,661.57
375,849.04| Includes capital invested in Endowment Fund ## **Non-Monetary assets retained for the charity's use** Donated land and buildings – Scout HQ – Gordon Road, Enfield Scouting equipment, furniture, etc Page 5 of 6 ## **TRUSTEES 2025-6** |**Charity Commission Ref**|303649| |---|---| |**Chairperson**|Beverly Rognaldsen| |**Secretary**|Tina Plewes| |**Treasurer**|Ian Gibbs| |**Scouting – ex officio (Lead**
**Volunteer)**|John Rognaldsen| **END OF REPORT** Page 6 of 6 Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustses Fourth Enfi8ld Scout Group On accounts for the yoar onded 2025 Charlty no (If any) 303WJ S•t out on pogos I report lo the Iruslees on my examination of the accounts of the above charity {"Ihe Trust") for the year ended 3111212025 R•sponslbllltl•• and ba81• ¢)f report As the charity's Iruslees, you are responsible for the preparation of the ac￿Unts in accordance with the requirements of the Chanties Act 2011 {'the Act.). l rnport in respect of my exarninat￿n of the Trust's accounts camod out under section 145 of the 2011 Act and in ca￿.ng out my examination, I have followed all Ihe applicable Directions giv8n by the Charity Commission under section 145(5Xb) of the Act. Independent I have completed my examlnation. I conflm that no material matters have •xamln•rfs statomont ¢ome to my attention in rx*nn8ction with the examination which gives me cause to b8118v8 that in. any materlal respect: • accounting records were not kept in accordance with section 130 01 the Charille8 Aci,. or the accounts dld not accord wlth the accounting records I have no concems and have come acr088 no other matters in connedion with the examin8tion to which attention should be drawn In this r6port in order lo enable a proper understanding of the accounts to bo reached. ' Please d818t8 tha wryds in the brackets rf they do not apply. 8lgn•d: Dal•: £310 Z026 N•m•: vef Hvs R•hvant prof•••lon•l quallfic•Uonl8) or body (01 any): non• Addr•••: 11 64 I£S LloS& Erfi¢ld, SSP Oct 2018 IER Section B Dl$¢losure Only complete if the examiner needs lo highlighl material matters ol ccMK*m (see CC32, Independent examination of charity accouTts.' direclk)ns aTrJ gvidance for examiners). Glv• h•rn brl•f d•lalls of any It•m8 that th• •xamln•r wl•ho8 to disclo8•. None IER O¢t 2018