The Financial Statements for the year ended 31[st] March 2023 relate to a 12-month accounting period are prepared on Receipts and Payments basis, which means that there will be fluctuations year on year due to the timing of the cashflow.
At the end of financial year 2023, the accounts show a loss of £13,094. This results for the year was expected by the Trustees because of increase in camps and activities and general expenditure. The total cash funds amounted to £674,684 (2022 £687,778) which are held with Co-operative Bank.
Reserves Policy
The Group’s Policy on reserves is to hold sufficient resources to continue the charitable activities of the Group for the period of as at least next 12 months in the event that income and fund-raising activities fall short of our requirements.
Given the age of the building it is likely that major works will be required as some point in the future due to general wear and tear , the executive committee consider it prudent to hold funds on reserves to cover such costs.
Many Thanks,
Sheetal
1ST/6TH EDGWARE SCOUT GROUP
Receipts and Payments Account for the Year Ending 31 March 2023
| RECEIPTS Note Membership Subscriptions less: Membership subscriptions paid on Net Subscriptions Retained Hall Hires 1 Camps and Activities Jersey Camp Trip - Aug 23 2 Sundry Income Bank Interest Grants Total Receipts PAYMENTS Camps and Activities 3 Other Expenses Section Expenses 4 Uniform and Badges Camping Equipment Total Scouting Expenses Insurance 5 Cleaning Utilities Repairs and Maintenance 6 General Expenses Telephone and Internet Equipment Purchases Total Building Costs IT Expenses Printing, Postage and Stationery Other Subscriptions and Fees Gifts and Donations Total Payments Net Receipts / (Payments) Depreciation 7 Loss on disposal Net Receipts / (Payments) after depreciation |
2023 £ 2,524 (4,581) (2,057) 32,728 6,814 2,200 829 61 0 40,574 18,063 1,052 883 352 16 20,365 6,355 5,662 4,760 4,496 1,900 934 0 24,107 0 0 91 0 44,564 (3,990) 9,104 0 (13,094) |
2022 £ 2,502 (2,818) (316) 29,066 3,107 0 5 18 3,625 35,506 3,905 361 588 662 1,170 6,685 2,958 4,284 7,364 5,320 152 864 455 21,397 0 21 5 0 28,108 7,398 9,104 0 (1,706) |
|---|---|---|
The receipts and payments account and accompanying balance sheet were approved by the Executive Committee on * a on their behalf by:
Jon Gregson - Group Scout Leader
Sheetal Patel - Treasurer
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1ST/6TH EDGWARE SCOUT GROUP
Balance Sheet as at 31 March 2023
| Fixed Assets Note Land and Buildings Fixtures and Fittings Total Fixed Assets 7 Current Assets Co-Operative Bank Deposit Account Co-Operative Bank Current Account Total Current Assets Total Assets Current Liabilities Creditors Good Behaviour Bonds Total Current Liabilities Total Net Assets Represented by Balance brought forward Net Receipts / (Payments) Balance carried forward |
2023 £ 590,730 22,294 613,024 46,484 15,176 61,660 674,684 0 (300) (300) 674,384 687,478 (13,094) 674,384 |
2022 £ 597,368 21,985 619,353 46,423 22,002 68,424 687,778 0 (300) (300) 687,478 689,184 (1,706) 687,478 |
|---|---|---|
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1ST/6TH EDGWARE SCOUT GROUP
Notes to the Accounts 31st March 2023
2023
Income 1 Hall Hires
At the beginning of the year, we lost one of our regular nursery income, but managed to find another regular hire.
2 The income of £2,200 deposit for future camps and activites and has been included in the current year's accounts
| **3 ** | Camps and Activities | ||
|---|---|---|---|
| Major purchases include: | £ | ||
| Summer camp expenses | 4,699 | ||
| Jul 22 - Ferny Crofts | 3,283 | ||
| Hanging wall accessories and maintena | 2,376 | ||
| Oct 22 - Mega Jump | 1,680 | ||
| General Activities | 1,580 | ||
| Fire Pits and Marquee | 1,448 | ||
| Family Camp expenses | 1,261 | ||
| May 22 - Paccar | 1,216 | ||
| Scouts web hosting | 520 | ||
| 18,063 |
| 3 Camps and Activities Major purchases include: Summer camp expenses Jul 22 - Ferny Crofts Hanging wall accessories and mainten Oct 22 - Mega Jump General Activities Fire Pits and Marquee Family Camp expenses May 22 - Paccar Scouts web hosting |
£ 4,699 3,283 a 2,376 1,680 1,580 1,448 1,261 1,216 520 |
|---|---|
| 18,063 | |
| Expenditure for future camps and activites have been included in the current year's accounts 4 Section Expenses £ Scout Expenses 409 Beaver Expenses 320 Cub Expenses 154 883 6 Insurance £ Building Insurance - (see note below) 3,200 Music License from FY22 3,155 6,355 5 Repairs and Maintenance Major works include: £ Additional A/C unit for Jones room 2,520 Kitchen replacement - Jones room 1,405 Other repair and accessories 367 Croxley Alarm 204 4,496** |
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1ST/6TH EDGWARE SCOUT GROUP
Notes to the Accounts 31st March 2023
7 Tanglible Fixed Assets
| COST At 1st April 2022 Additions At 31st March 2023 DEPRECIATION Brought Forward Charge for the Year Disposals NBV at 31st March 2023 NBV at 31st March 2022 |
Land and Buildings Fixtures and Fittings Total £ £ £ 663,744 27,431 691,175 - 0 - 663,744 27,431 691,175 66,376 2,671 69,047 6,638 2,466 9,104 - - - 73,014 5,137 78,151 590,730 22,294 613,024 597,368 21,985 619,353 |
|---|---|
The building is depreciated at 2.5% on a straight line basis The Fixture and Fittings is depreciated for 10 years at 10% on straight line basis
** The building insurance of £1.9m cover and public liability cover of £5m expires in May 2023 and has now been renewed
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Independent examiner's report to the trustees st th of l 16 Edgware Scout Group I report to the trustees on my examination of the accounts of the above charity {"the Trust") for the year ended 31st March 2023 which are set out on pages I to 4 Responsibilities and basls of report As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111"the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515llb) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name: Roy McKerracher, CA. Address: 34 Elmcroft Crescent, Harrow, HA2 6HN Date: 13th June 2023 Relevant Professional qualification/professional body: Chartered Accountant, Institute of Chartered accountants of Scotland