**CHARITY REGISTRATION NUMBER: 304155** 

# **The Norfolk County Scout Council Unaudited financial statements** 

**31 March 2024** 



## **The Norfolk County Scout Council** 

## **Financial statements** 

## **Year ended 31 March 2024** 

||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Independent examiner's report to the trustees|**7**|
|Statement of financial activities|**9**|
|Balance sheet|**10**|
|Statement of cash flows|**11**|
|Notes to the financial statements|**12**|





## **The Norfolk County Scout Council** 

## **Trustees' annual report** 

## **Year ended 31 March 2024** 

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. 

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published in October 2019. 

## **Reference and administrative details** 

**Registered charity name** The Norfolk County Scout Council 

**Charity registration number** 304155 **Principal office** Eaton Vale Church Lane Eaton Norwich NR4 6NN 

## **The trustees** 

The trustees who served during the year and at the date of approval were as follows: 

Emily Alcock (appointed 9 September 2023) Paul Bean (appointed 3 June 2024) Glenn Chusonis Andrew Cooke (appointed 9 September 2023) Nicola Cubitt (resigned 9 September 2023) Marylyn Evans Sandra Gostling Michael Harrowven (appointed 9 September 2023) David Human (on compassionate leave from 1 June 2024) Wendy Human Patrick Johns (appointed 9 September 2023) Adrian Lupson Steve Martin (appointed 10 September 2024) Rebecca Millard Luke Morgan Paul Playford (appointed 9 September 2023, resigned 9 March 2024) Tim Rowe Lily-Mai Spinks Paul Weeks Philip Wright 

**- 1 -** 



## **The Norfolk County Scout Council** 

**Trustees' annual report** _**(continued)**_ 

## **Year ended 31 March 2024** 

**County Chair** Tim Rowe **County Secretary** Karen Martin **County Treasurer** Paul Weeks (until 10 September 2024) Steve Martin (from 10 September 2024) **County Commissioner** David Human (on compassionate leave from 1 June 2024) **Independent examiner** M Proctor FCA DChA Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB **Bankers** Virgin Money Moseley’s Farm Bury St Edmunds IP28 6JY Barclays Bank PLC Barclays Banking Leicester LE87 2BB 

**- 2 -** 



## **The Norfolk County Scout Council** 

**Trustees' annual report** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **Objectives and activities** 

The constitution of the Norfolk County Scout Council and its Governing Body Instrument are embodied in the Policy Organisation and Rules of the Scout Association which outlines the authority and powers of the Trustees. No restrictions are placed on the Trustees and their operation of the Charity and its investment powers. 

The charity exists to actively engage and support young people in their personal development, empowering them to make a positive contribution to society within the County of Norfolk through Scouting and to support the work of the County Commissioner, Assistant Commissioners and staff, in the provision of Scouting to the widest possible number of young people. 

The Scout Association exists by authority of a Royal Charter, granted by King George V in 1912 and supplemented by further Charters granted by King George VI and Queen Elizabeth II. These Charters give authority to the Bye Laws of the Association, which are approved by Her Majesty's Privy Council. The Bye Laws, in turn, authorise the making of rules for the regulation of the Association's affairs and thereby give authority for the Policy, Organisation and Rules of the Scout Association. The purpose of of the Norfolk County Scout Council within The Scout Association is to provide leadership, advice and support for Scout Districts and, through them, for Scout Groups in the County of Norfolk. 

## _**Public benefit**_ 

The Trustees of Norfolk County Scout Council accept the need to have regard to the Charity Commission's guidance on public benefit. They recognise that it is their responsibility to ensure that the benefits offered are realised in Norfolk by promoting all aspects of scouting within the county both within the membership and in the wider community. 

The aim of scouting is to help young people develop mentally, physically and spiritually so that they can make a positive contribution which will be of benefit to their community and the wider world in helping them to become responsible citizens. Membership for both the young people and leaders is voluntary and the organisation believes in being fair, open and inclusive. 

## **Achievements and performance** 

Norfolk Scouts is supported by a dedicated Board of Trustees who work together to ensure the young people of Norfolk can enjoy all that safe scouting has to offer. Whilst some key positions in the operational teams do remain, a key focus have been to successfully appoint suitable individuals into key roles such as a Safeguard Officer and a Safety Officer. We have also ensured that the TMB campsite, operated by County but supported by a few dedicated individuals, remains a safe option for those who chose to use it. We have also invested in a review of our Data Protection policies to ensure we operate within the GDPR legislative framework . These were key priorities identified by the Chairman in his 2023 report. All this is against a backdrop of a committed leadership of our specialist support teams at both county and district level who provide the additional support needed in areas of water sports, hill walking, first aid provision and shooting. They make an invaluable contribution to our safe and varied programme. A review of the year could not be complete without mention of the resilience shown by the leaders and young people who attended the World Scout Jamboree in South Korea in August 2023, and they demonstrated that the scouting skills they have learned on their journey, ensured they enjoyed a World Scout Jamboree like no other, and without doubt will have given them skills and an experience which will last for a life-time. 

**- 3 -** 



## **The Norfolk County Scout Council** 

**Trustees' annual report** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **Achievements and performance** _**(continued)**_ 

## _**Alec Bussey Centre**_ 

The Alec Bussey Centre is located in Rowington Road in Norwich and it was gifted to the Norfolk County Scout Council by the Trustees of the 2nd Norwich Scout Group. Ownership is now vested in the Scout Association Trust Corporation, as custodian trustee for Norfolk County Scout Council. Following a programme of extensive refurbishment, the premises now provide a valuable resource for Norfolk Scouts, both as an activity and training centre and also as the administration base for the Norfolk County Scout Council's development project. The project supports the development of Scouting at group level throughout the County and funds have been raised from internal sources, trusts, corporate and private donations to meet the project's costs. 

The property was valued by Bidwells on market value and existing use basis as at 31 March 2004 at a value of £125,000. Improvements made to the freehold property since 31 March 2004 are included at cost. 

## **Financial review** 

The unrestricted funds (including designated funds) showed net income (before investment gains) of £10,523 (2023: £25,865). 

## _**Reserves policy**_ 

The policy of Norfolk County Scout Council is to maintain sufficient funds to cover twelve months normal operating costs, which amount to approximately £221,000, to enable it to carry out its objectives and to meet periodic capital expenditure and unforeseen contingencies. 

At 31 March 2024 the total reserves amounted to £646,494, of which designated funds were £507,014 and restricted funds were £15,237. Free reserves amounted to £197,431. 

## _**Investment policy**_ 

The Trustees have a policy of investing surplus funds at minimum risk, mainly in Money Market linked deposit accounts with major financial institutions. 

## _**Principal funding sources**_ 

The majority of the Charity's income is from its charitable activities. A significant amount of income comes from subscriptions, and direct charitable trading. 

## **Plans for future periods** 

Operational priorities for Norfolk Scouts over the immediate term will see focus placed on growing Norfolk Scouts, so that we make scouting accessible to the young people who live in areas where scouting does not have a presence. There is no shortage of young people on our waiting list and therefore the key foundation, which is fundamental for this to be successful, is the need to increase the number of adult volunteers needed to grow new sections - either within existing groups or to facilitate the opening of new groups. The appointment of an employed Growth and Development Officer underpins this. Whilst we focus on expanding scouts, we cannot overlook the support needed for the army of dedicated adults who currently offer scouting across the county on a weekly basis. This support ensures sufficient training is provided to allow skills to be kept current and also mandatory training to be completed in a timely fashion to ensure that we provide safe scouting for all. From a Governance perspective, 2024 will see Transformation rolled out at County, District and Group level where new Trustee Boards move to the new Governance framework. 

**- 4 -** 



## **The Norfolk County Scout Council** 

**Trustees' annual report** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **Structure, governance and management** 

## _**Governing document**_ 

The organisation is an unincorporated trust, constituted under a trust deed dated 25 March 1960 and registered as a charity on 11 February 1964. The constitution of the charity was updated and agreed on 5 September 2017. The Council is run in accordance with the Policy, Organisation and Rules (POR) of The Scout Association. 

## _**Appointment of trustees**_ 

The members of the Board of Trustees are elected each year at the Annual General Meeting of the Norfolk County Scout Council. The County Commissioner is appointed by the Scout Association, with the Chair being nominated by the County Commissioner. 

## _**Induction and training of trustees**_ 

The induction and training of new Trustees is supported by the 'Getting Started' modules of the Scout Association adult training scheme. 

## _**Risk management**_ 

The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate the exposure to these risks. 

## _**Organisational structure**_ 

The Executive Committee meets to receive reports from its officers and sub-committee chairs and to ensure the professional operation of Norfolk Scouts at a County level. The Executive Committee, working through its sub-committees, ensures the operation of County Scout affairs. 

The current members of the Executive Committee who served during the year and up to the date of this report are set out on page 1. 

## _**Related parties**_ 

Girl Guiding Norfolk and Eaton Vale Scout & Guide Activity Centre Limited (EVAC Limited) are connected charities. 

EVAC Limited was formed in April 1999 as a joint enterprise with the Norfolk Guides and took on the responsibilities of the Eaton Vale campsite. EVAC Limited has replaced the old building and developed the site and its services. The Executive Committee can appoint up to four Trustees to represent its interests on the Board of Directors. 

## _**True and fair override**_ 

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following 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 (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

## _**Independent examiner**_ 

Mark Proctor FCA DChA is willing to stand as independent examiner in future years. 

**- 5 -** 



## **The Norfolk County Scout Council** 

**Trustees' annual report** _**(continued)**_ 

## **Year ended 31 March 2024** 

The trustees' annual report was approved on 10 September 2024 and signed on behalf of the board of trustees by: 

Tim Rowe County Chair 

**- 6 -** 



## **The Norfolk County Scout Council** 

## **Independent examiner's report to the trustees of The Norfolk County Scout Council** 

## **Year ended 31 March 2024** 

I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 March 2024 which comprise the statement of financial activities, balance sheet, statement of cash flows and the related notes. 

## **Responsibilities and basis of report** 

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination. 

**- 7 -** 



## **The Norfolk County Scout Council** 

## **Independent examiner's report to the trustees of The Norfolk County Scout** 

**Council** _**(continued)**_ 

## **Year ended 31 March 2024** 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Your attention is drawn to the fact that the Charity has prepared the accounts (financial statements) 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 (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn. 

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 

M Proctor FCA DChA Independent Examiner 

Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB 

**- 8 -** 



## **The Norfolk County Scout Council** 

## **Statement of financial activities** 

## **Year ended 31 March 2024** 

||||**2024**||2023|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**4**|19,441|20,983|40,424|13,867|
|Charitable activities|**5**|272,732|–|272,732|23,929|
|Other trading activities|**6**|191,783|–|191,783|189,667|
|Investment income|**7**|6,226|–|6,226|3,538|
|Other income|**8**|5,595|–|5,595|8,067|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total income**||495,777|20,983|516,760|239,068|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Expenditure**||||||
|Expenditure on raising funds:||||||
|Costs of other trading activities|**9**|(87,358)|–|(87,358)|(95,640)|
|Expenditure on charitable activities|**10**|(397,896)|(6,046)|(403,942)|(117,563)|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total expenditure**||(485,254)|(6,046)|(491,300)|(213,203)|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Net income and net movements in funds**||||||
|**before gains and losses on investments**||10,523|14,937|25,460|25,865|
|Net gains on investments|**11**|9,517|–|9,517|1,920|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Net income and net movement in funds**||20,040|14,937|34,977|27,785|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Reconciliation of funds**||||||
|Total funds brought forward||611,217|300|611,517|583,732|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total funds carried forward**||631,257|15,237|646,494|611,517|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

**The notes on pages 12 to 23 form part of these financial statements.** 

**- 9 -** 



**The Norfolk County Scout Council** 

## **Balance sheet** 

## **31 March 2024** 

|||**2024**|||2023||
|---|---|---|---|---|---|---|
||**Note**|**£**|**£**|£||£|
|**Fixed assets**|||||||
|Intangible assets|**16**||1|||1|
|Tangible fixed assets|**17**||172,388|||173,514|
|Investments|**18**||261,437|||251,920|
||||ৄৄৄৄৄৄৄৄৄ|||ৄৄৄৄৄৄৄৄৄ|
||||433,826|||425,435|
|**Current assets**|||||||
|Stock|**19**|38,687||38,825|||
|Debtors|**20**|37,537||241,054|||
|Cash at bank and in hand||482,350||258,183|||
|||ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄৄ|||
|||558,574||538,062|||
|**Creditors: Amounts falling due within**|||||||
|**one year**|**21**|345,906||351,980|||
|||ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄৄ|||
|**Net current assets**|||212,668|||186,082|
||||ৄৄৄৄৄৄৄৄৄ|||ৄৄৄৄৄৄৄৄৄ|
|**Total assets less current liabilities**|||646,494|||611,517|
||||ৄৄৄৄৄৄৄৄৄ|||ৄৄৄৄৄৄৄৄৄ|
|**Net assets**|||646,494|||611,517|
||||৶৶৶৶৶৶৶৶৶|||৶৶৶৶৶৶৶৶৶|
|**Funds of the charity**|||||||
|Restricted funds|||15,237|||300|
|Unrestricted funds|||631,257|||611,217|
||||ৄৄৄৄৄৄৄৄৄ|||ৄৄৄৄৄৄৄৄৄ|
|**Total charity funds**|**23**||646,494|||611,517|
||||৶৶৶৶৶৶৶৶৶|||৶৶৶৶৶৶৶৶৶|



These financial statements were approved by the board of trustees and authorised for issue on 10 September 2024, and are signed on behalf of the board by: 

Tim Rowe County Chair 

Steve Martin County Treasurer 

**The notes on pages 12 to 23 form part of these financial statements.** 

**- 10 -** 



## **The Norfolk County Scout Council** 

## **Statement of cash flows** 

## **Year ended 31 March 2024** 

||**2024**|2023|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net income|34,977|27,785|
|_Adjustments for:_|||
|Depreciation of tangible fixed assets|1,126|886|
|Net gains on investments|(9,517)|(1,920)|
|Other interest receivable and similar income|(6,226)|(3,538)|
|Interest payable and similar charges|–|360|
|_Changes in:_|||
|Stock|138|(738)|
|Trade and other debtors|203,517|(206,826)|
|Trade and other creditors|(6,074)|231,729|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|Cash generated from operations|217,941|47,738|
|Interest paid|–|(360)|
|Interest received|6,226|3,538|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
|Net cash from operating activities|224,167|50,916|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
|**Cash flows from investing activities**|||
|Purchase of tangible assets|–|(7,500)|
|Purchases of other investments|–|(100,000)|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|Net cash used in investing activities|–|(107,500)|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Net increase/(decrease) in cash and cash equivalents**|224,167|(56,584)|
|**Cash and cash equivalents at beginning of year**|258,183|314,767|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Cash and cash equivalents at end of year**|482,350<br>৶৶৶৶৶৶৶৶৶|258,183<br>৶৶৶৶৶৶৶৶৶|



**The notes on pages 12 to 23 form part of these financial statements.** 

**- 11 -** 



**The Norfolk County Scout Council** 

## **Notes to the financial statements** 

## **Year ended 31 March 2024** 

## **1. General information** 

The charity is a registered charity in England and Wales and is unincorporated. The address of the principal office is Eaton Vale, Church Lane, Eaton, Norwich, NR4 6NN. 

## **2. Statement of compliance** 

The charity constitutes a public benefit entity as defined by FRS 102. 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice. 

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

## **3. Accounting policies** 

## **(a) Basis of preparation** 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain items at fair value. 

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £. 

## **(b) Going concern** 

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to continue as a going concern. 

## **(c) Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. 

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. 

## **(d) Income** 

All income is included in the Statement of Financial Activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: 

**- 12 -** 



**The Norfolk County Scout Council** 

**Notes to the financial statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **3. Accounting policies** _**(continued)**_ 

## **Income** _**(continued)**_ 

- Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

- Investment income is included when receivable. 

- Income from charitable trading activity is accounted for when earned. 

- Income from charitable activities is recognised upon delivery of the specific event. 

## **(e) Expenditure** 

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates: 

- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. 

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

## **(f) Amortisation** 

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: 

Website 

- 

straight line over 4 years 

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates. 

**- 13 -** 



**The Norfolk County Scout Council** 

## **Notes to the financial statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **3. Accounting policies** _**(continued)**_ 

## **(g) Tangible assets** 

All fixed assets are initially recorded at cost. 

The costs of minor additions or those costing below £1,000 are not capitalised. 

The freehold property in Rowington Road, known as the Alec Bussey Centre, was gifted to the Norfolk County Scout Council and is included at deemed cost, based on a professional valuation at 31 March 2004. Improvements made to the freehold property since 31 March 2004 are included at cost. 

It is the Charity's practice to maintain the freehold property in a continual state of sound repair, and accordingly the Executive Committee consider that the life of the asset is so long and the residual value, based on prices prevailing at the time the asset was valued, is so high that its depreciation is insignificant. Any permanent diminution in the value of the property is charged to income and expenditure as appropriate.  Annual impairment reviews are carried out. 

The carrying values of tangible fixed assets are reviewed, by the Trustees, for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable. 

## **(h) Depreciation** 

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

Fixtures and fittings - 10% straight line / over three years 

## **(i) Investments** 

Investments consist of freehold property which is subject to a thirty year lease to the 1st Norwich Sea Scouts which commenced on 22 August 2011. The freehold property was gifted to The Norfolk County Scout Council and is stated at the value when gifted, which the trustees consider to be a fair market value 

Listed investments held as fixed assets are revalued at fair value at the balance sheet date and the gain or loss taken to the Statement of Financial Activities. 

## **(j) Stocks** 

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 

**- 14 -** 



**The Norfolk County Scout Council** 

## **Notes to the financial statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **3. Accounting policies** _**(continued)**_ 

## **(k) Financial instruments** 

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 

Debt instruments are subsequently measured at amortised cost. 

## **4. Donations and legacies** 

|||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|---|
|||Funds|Funds|**2024**|
|||£|£|**£**|
|**Donations**|||||
|Donations, gifts and legacies||19,441|20,983|40,424|
|||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2023|
|||£|£|£|
|**Donations**|||||
|Donations, gifts and legacies||13,867|–|13,867|
|||৶৶৶৶৶৶৶|৶৶৶৶|৶৶৶৶৶৶৶|
|**Charitable activities**|||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2024**|Funds|2023|
||£|**£**|£|£|
|Income from events|272,732|272,732|22,294|22,294|
|County events|–|–|1,635|1,635|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
||272,732|272,732|23,929|23,929|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|



## **5. Charitable activities** 

## **6. Other trading activities** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2024**|Funds|2023|
||£|**£**|£|£|
|Other income|1,034|1,034|832|832|
|Shop income|93,968|93,968|104,099|104,099|
|Membership subscriptions|75,528|75,528|67,114|67,114|
|Campsite fees|20,503|20,503|17,622|17,622|
|Rental income|750|750|–|–|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||191,783|191,783|189,667|189,667|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



**- 15 -** 



## **The Norfolk County Scout Council** 

## **Notes to the financial statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **7. Investment income** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2024**|Funds|2023|
||£|**£**|£|£|
|Bank interest receivable|6,226|6,226|3,538|3,538|
||৶৶৶৶৶৶|৶৶৶৶৶৶|৶৶৶৶৶৶|৶৶৶৶৶৶|
|**Other income**|||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2024**|Funds|2023|
||£|**£**|£|£|
|Other income|5,595|5,595|8,067|8,067|
||৶৶৶৶৶৶|৶৶৶৶৶৶|৶৶৶৶৶৶|৶৶৶৶৶৶|



## **8. Other income** 

## **9. Costs of other trading activities** 

The trading activity is as follows: 

||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Sales|93,968|104,099|
|Cost of sales|(71,202)|(80,116)|
||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|Gross profit|22,766|23,983|
|Other income|927|634|
|Overheads|(16,156)|(15,524)|
||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|Net surplus|7,537<br>৶৶৶৶৶৶৶|9,093<br>৶৶৶৶৶৶৶৶৶|



**- 16 -** 



**The Norfolk County Scout Council** 

**Notes to the financial statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **10. Expenditure on charitable activities by activity type** 

||**Activities**||||
|---|---|---|---|---|
||**undertaken**|**County**|**Total Funds**|**Total Funds**|
||**directly**|**events**|**2024**|**2023**|
||**£**|**£**|**£**|**£**|
|Activities|289,999|–|289,999|23,836|
|Donations|550|–|550|2,500|
|Salaries and pensions|34,416|–|34,416|27,426|
|Stationery and postage|8,159|–|8,159|6,846|
|PR and advertising|498|–|498|915|
|Telephone|1,832|–|1,832|1,564|
|Rent, utilities and cleaning|7,754|–|7,754|9,351|
|Insurances and licences|7,849|–|7,849|7,300|
|Travelling and subsistence|11,321|–|11,321|8,053|
|Repairs and renewals|24,491|–|24,491|17,721|
|Professional fees|720|–|720|–|
|Bank charges and interest|–|–|–|360|
|Depreciation|1,126|–|1,126|886|
|Training|950|–|950|150|
|Sundries|5,973|–|5,973|3,625|
|Governance costs|8,304|–|8,304|7,030|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||403,942|–|403,942|117,563|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



Expenditure on charitable activities includes restricted expenditure of £6,046 (2023: £Nil). 

## **Analysis of governance costs** 

|||**Unrestricted**|**Total Funds Unrestricted Total Funds**|**Total Funds Unrestricted Total Funds**|**Total Funds Unrestricted Total Funds**|
|---|---|---|---|---|---|
|||**Funds**|**2024**|**Funds**|**2023**|
|||**£**|**£**|**£**|**£**|
||Accountancy fees|2,180|2,180|1,745|1,745|
||Independent examination fee|4,265|4,265|3,950|3,950|
||Costs of Trustees' meetings|1,859|1,859|1,335|1,335|
|||ৄৄৄৄৄৄ|ৄৄৄৄৄৄ|ৄৄৄৄৄৄ|ৄৄৄৄৄৄ|
|||8,304|8,304|7,030|7,030|
|||৶৶৶৶৶৶|৶৶৶৶৶৶|৶৶৶৶৶৶|৶৶৶৶৶৶|
|**11.**|**Net gains on investments**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2024**|Funds|2023|
|||£|**£**|£|£|
||Gains/(losses) on listed investments|9,517|9,517|1,920|1,920|
|||৶৶৶৶৶৶|৶৶৶৶৶৶|৶৶৶৶৶৶|৶৶৶৶৶৶|
|**12.**|**Net income**|||||
||Net income is stated after charging/(crediting):|||||
|||||**2024**|2023|
|||||**£**|£|
||Depreciation of tangible fixed assets|||1,126|886|
||Operating lease payments - equipment|||1,278|1,278|
|||||৶৶৶৶৶৶|৶৶৶৶৶৶|



**- 17 -** 



**The Norfolk County Scout Council** 

**Notes to the financial statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **13. Staff costs** 

The total staff costs and employee benefits for the reporting period are analysed as follows: 

||**2024**|2023|
|---|---|---|
||**£**|£|
|Wages and salaries|42,657|35,166|
|Employer contributions to pension plans|2,118|2,247|
||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
||44,775<br>৶৶৶৶৶৶৶|37,413<br>৶৶৶৶৶৶৶|



The average head count of employees during the year was 2 (2023: 2). The average number of fulltime equivalent employees during the year is analysed as follows: 

||**2024**|2023|
|---|---|---|
||**No.**|No.|
|Number of employees|2<br>৶৶৶৶|1<br>৶৶৶৶|



No employee received employee benefits of more than £60,000 during the year (2023: Nil). 

## **14. Trustee remuneration and expenses** 

The Trustees received no remuneration during the year. Travel and out of pocket expenses amounting to £2,427 (2023 - £229) have been reimbursed to four Trustees (2023 - four Trustees). 

## **15. Transfers between funds** 

The balance of the surplus arising on the county trading shop for 2024, £7,537, together with an amount of £9,800 for rent was transferred from general funds to the Alec Bussey Centre Fund. 

A transfer of £20,000 has been made from the Alec Bussey Centre Fund to a new Alec Bussey Centre Maintenance Fund towards upgrading the car park and security. 

A transfer of £5,500 has been made from general funds to the Two Mile Bottom fund towards 'making good' the site at the end of the lease. 

## **16. Intangible assets** 

||**Website**|
|---|---|
||**£**|
|**Cost**||
|**At 1 Apr 2023 and 31 Mar 2024**|4,114|
||৶৶৶৶৶৶|
|**Amortisation**||
|**At 1 Apr 2023 and 31 Mar 2024**|4,113|
||৶৶৶৶৶৶|
|**Carrying amount**||
|**At 31 Mar 2024**|1|
||৶৶৶৶৶৶|
|At 31 Mar 2023|1|
||৶৶৶৶৶৶|



**- 18 -** 



**The Norfolk County Scout Council** 

**Notes to the financial statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **17. Tangible fixed assets** 

||**Land and**|**Fixtures and**||
|---|---|---|---|
||**buildings**|**fittings**|**Total**|
||**£**|**£**|**£**|
|**Cost**||||
|**At 1 Apr 2023 and 31 Mar 2024**|165,817|32,067|197,884|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Depreciation**||||
|At 1 Apr 2023|–|24,370|24,370|
|Charge for the year|–|1,126|1,126|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**At 31 Mar 2024**|–|25,496|25,496|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Carrying amount**||||
|**At 31 Mar 2024**|165,817|6,571|172,388|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|At 31 Mar 2023|165,817|7,697|173,514|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



The Norfolk County Scout Council owns land at Eaton Vale, however, they have granted a 99 year lease in respect of this land to Eaton Vale Scout & Guide Activity Centre Limited which commenced 1 April 1999. No rental income is received. Ownership of the land is now vested in the Scout Association Trust Corporation, as custodian trustee for Norfolk County Scout Council. In view of the long lease, the land is not recognised in the accounts. 

## **18. Investments** 

||Listed|Other||
|---|---|---|---|
||investments|investments|**Total**|
||£|£|**£**|
|**Cost or valuation**||||
|At 1 Apr 2023|101,920|150,000|251,920|
|Additions|–|–|–|
|Other movements|9,517|–|9,517|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**At 31 Mar 2024**|111,437|150,000|261,437|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Impairment**||||
|**At 1 Apr 2023 and 31 Mar 2024**||–|–|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Carrying amount**||||
|**At 31 Mar 2024**|111,437|150,000|261,437|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|At 31 Mar 2023|101,920|150,000|251,920|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



All investments shown above are held at valuation. 

## **Financial assets held at fair value** 

The fair value of listed securities is determined by reference to the quoted price for these assets in an active market at the balance sheet date. 

Other investments comprise freehold property at Old Lakenham, which is let to the 1st Norwich Sea Scouts at a peppercorn rent of £250 per year under a thirty year lease which commenced 22 August 2011. 

**- 19 -** 



## **The Norfolk County Scout Council** 

## **Notes to the financial statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

|**19.**|**Stocks**|||
|---|---|---|---|
|||**2024**|2023|
|||**£**|£|
||Stock|38,687|38,825|
|||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
|**20.**|**Debtors**|||
|||**2024**|2023|
|||**£**|£|
||Prepayments and accrued income|19,917|218,994|
||Other debtors|17,620|22,060|
|||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|||37,537|241,054|
|||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**21.**|**Creditors:** **Amounts falling due within one year**|||
|||**2024**|2023|
|||**£**|£|
||Accruals and deferred income|339,765|345,703|
||Social security and other taxes|1,717|1,961|
||Other creditors|4,424|4,316|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|||345,906|351,980|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**22.**|**Deferred income**|||
|||**2024**|2023|
|||**£**|£|
||At 1 April 2023|340,008|111,799|
||Amount released to income|(340,008)|(111,799)|
||Amount deferred in year|333,615|340,008|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||**At 31 March 2024**|333,615|340,008|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



Deferred income comprises income from subscriptions received in advance and events which are due to take place after the year end. 

**- 20 -** 



## **The Norfolk County Scout Council** 

## **Notes to the financial statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **23. Analysis of charitable funds** 

|**Unrestricted funds**|||||||
|---|---|---|---|---|---|---|
||At||||Gains and|**At**|
||1 Apr 2023|Income|Expenditure|Transfers|losses|**31 Mar 2024**|
||£|£|£|£|£|£|
|General funds|136,959|470,105|(469,501)|(22,837)|9,517|124,243|
|Future Scout|||||||
|Development Fund|50,082|272|–|–|–|50,354|
|Alec Bussey|||||||
|Centre|356,535|23,284|(15,753)|(2,663)|–|361,403|
|NORJAM|47,141|2,116|–|–|–|49,257|
|Norfolk County|||||||
|ASU|–|–|–|–|–|–|
|Trading post|12,000|–|–|–|–|12,000|
|Two Mile Bottom|4,500|–|–|5,500|–|10,000|
|Ian Hickson|||||||
|Memorial|4,000|–|–|–|–|4,000|
|Alec Bussey|||||||
|Centre|||||||
|Maintenance|–|–|–|20,000|–|20,000|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||611,217|495,777|(485,254)|–|9,517|631,257|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
||At||||Gains and|At|
||1 Apr 2022|Income|Expenditure|Transfers|losses|31 Mar 2023|
||£|£|£|£|£|£|
|General funds|129,544|218,810|(202,056)|(11,259)|1,920|136,959|
|Future Scout|||||||
|Development Fund|50,014|68|–|–|–|50,082|
|Alec Bussey|||||||
|Centre|329,497|19,292|(11,147)|18,893|–|356,535|
|NORJAM|46,243|898|–|–|–|47,141|
|Norfolk County|||||||
|ASU|134|–|–|(134)|–|–|
|Trading post|12,000|–|–|–|–|12,000|
|Two Mile Bottom|12,000|–|–|(7,500)|–|4,500|
|Ian Hickson|||||||
|Memorial|4,000|–|–|–|–|4,000|
|Alec Bussey|||||||
|Centre|||||||
|Maintenance|–|–|–|–|–|–|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||583,432<br>৶৶৶৶৶৶৶৶৶|239,068<br>৶৶৶৶৶৶৶৶৶|(213,203)<br>৶৶৶৶৶৶৶৶৶|–<br>৶৶৶৶৶৶৶|1,920<br>৶৶৶৶৶৶|611,217<br>৶৶৶৶৶৶৶৶৶|



**- 21 -** 



**The Norfolk County Scout Council** 

**Notes to the financial statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **23. Analysis of charitable funds** _**(continued)**_ 

The Future Scout Development Fund is to be used to ensure that resources are available to recommence Scouting Activities at the Alec Bussey Centre in the future and support Scouting development in the County. 

The Alec Bussey Centre Fund was formed to promote the development of Scouting in Norfolk and to refurbish the centre in Rowington Road, Norwich, to act as a resource centre. Funds have been raised internally and from a number of trusts, corporate and private donations to support the refurbishment and ongoing development project. 

The NORJAM fund relates to funds raised via NORJAM events, which have previously taken place every four years. Administration and organisational expenses were reflected in the accounting period in which they were incurred and were covered by the income from the events. 

The Norfolk County Scout Active Support Unit existed to support the work of all sections and adult training across the County. The Unit provided teams of staff for county events and offers the opportunity for adults to continue their association with Scouting. These activities have now been transferred to the control of Norfolk Scouts, with the fund balance being transferred to the general fund. 

The Trading Post fund has been designated towards future unforeseen costs in connection with the Trading Post. 

The Two Mile Bottom fund has been designated as a reserve towards the development of the Two Mile Bottom county campsite and to 'make good' the site at the end of the lease. 

The Ian Hickson Memorial fund was formerly part of the Norfolk Scout Canoe Team Active Support Unit and is held towards additional storage needs. 

The Alec Bussey Centre Maintenance fund was created by Trustees towards the upgrade of the car park and security at the centre. 

|**Restricted funds**|||||||
|---|---|---|---|---|---|---|
||At||||Gains and|**At**|
||1 Apr 2023|Income|Expenditure|Transfers|losses|**31 Mar 2024**|
||£|£|£|£|£|£|
|Red House Trust|300|–|–|–|–|300|
|The Scout|||||||
|Association|–|20,983|(6,046)|–|–|14,937|
||ৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄ|ৄৄৄৄ|ৄৄৄৄ|ৄৄৄৄৄৄৄ|
||300|20,983|(6,046)|–|–|15,237|
||৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶|৶৶৶৶|৶৶৶৶|৶৶৶৶৶৶৶|
||At||||Gains and|At|
||1 Apr 2022|Income|Expenditure|Transfers|losses|31 Mar 2023|
||£|£|£|£|£|£|
|Red House Trust|300|–|–|–|–|300|
|The Scout|||||||
|Association|–|–|–|–|–|–|
||ৄৄৄৄ|ৄৄৄৄ|ৄৄৄৄ|ৄৄৄৄ|ৄৄৄৄ|ৄৄৄৄ|
||300|–|–|–|–|300|
||৶৶৶৶|৶৶৶৶|৶৶৶৶|৶৶৶৶|৶৶৶৶|৶৶৶৶|



Funding has been received from Red House Youth Trust towards Paddleboard equipment at the Two Mile Bottom campsite. 

The Scout Association has provided funding towards the employment of a Local Growth Officer. 

**- 22 -** 



**The Norfolk County Scout Council** 

**Notes to the financial statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **24. Analysis of net assets between funds** 

|||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|---|
|||Funds|Funds|**2024**|
|||£|£|**£**|
||Intangible assets|1|–|1|
||Tangible fixed assets|172,388|–|172,388|
||Investments|261,437|–|261,437|
||Current assets|543,337|15,237|558,574|
||Creditors less than 1 year|(345,906)|–|(345,906)|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||**Net assets**|631,257|15,237|646,494|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2023|
|||£|£|£|
||Intangible assets|1|–|1|
||Tangible fixed assets|173,514|–|173,514|
||Investments|251,920|–|251,920|
||Current assets|537,762|300|538,062|
||Creditors less than 1 year|(351,980)|–|(351,980)|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||**Net assets**|611,217|300|611,517|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**25.**|**Financial instruments**||||
||The carrying amount for each category of financial instrument is as follows:||||
||||**2024**|2023|
||||**£**|£|
||**Financial assets measured at fair value through income and expenditure**||||
||Investments||261,437|250,000|
||||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**26.**|**Analysis of changes in net debt**||||



||||||**At**|
|---|---|---|---|---|---|
||At|1|Apr 2023|Cash flows|**31 Mar 2024**|
||||£|£|**£**|
|Cash at bank and in hand|||258,183|224,167|482,350|
||||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



**27. Operating lease commitments** 

The total future minimum lease payments under non-cancellable operating leases are as follows: 

||**2024**|2023|
|---|---|---|
||**£**|£|
|Not later than 1 year|1,278|1,278|
|Later than 1 year and not later than 5 years|2,556|3,835|
||ৄৄৄৄৄৄ|ৄৄৄৄৄৄ|
||3,834<br>৶৶৶৶৶৶|5,113<br>৶৶৶৶৶৶|



## **28. Related parties** 

Eaton Vale Scout & Guide Activity Centre Limited is a related party of The Norfolk County Scout Council due to common trustees - David Human, Wendy Human (to 26 March 2024) and Adrian Lupson were trustees of both entities. During the year the Charity paid £408 (2023: £917) for room hire provided by Eaton Vale Scout & Guide Activity Centre Limited. 

**- 23 -**