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** Page 1 of 4 ## **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**| |---|---|---| Page 2 of 4 ## **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**|| Page 3 of 4 ## **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 Page 4 of 4 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