**REGISTERED CHARITY NUMBER: 304502** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **FOR** **8TH ST MARYLEBONE SCOUT GROUP** Stoten Gillam Limited Chartered Accountants Alban House 99 High Street South Dunstable Bedfordshire LU6 3SF **8TH ST MARYLEBONE SCOUT GROUP** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|12| |**Detailed Statement of Financial Activities**|13|to|14| **8TH ST MARYLEBONE SCOUT GROUP** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022** The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objective of the charity is to operate as a unit of, and in accordance with, the broad objectives of the Scouting movement. ## **Significant activities** Efforts were continued to promote the first class facilities with the local community. The group continued to flourish with these facilities. ## **FINANCIAL REVIEW** ## **Reserves policy** The building funds are separately accounted for within the financial statements. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, the Scout Association Trust Deed and the association constitution. ## **Recruitment and appointment of new trustees** New trustees are appointed by the committee of existing trustees and application is considered from any individual who supports the purposes of the Scouting movement. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 304502 ## **Principal address** 26 Hill Road St Johns Road LONDON NW8 9QG ## **Trustees** Mr C Jordan Group Scout Leader Mr J W Larkin Treasurer Mr A Thomas Mr M Harvey Chairman Mr N Hart Mr C J Larkin Appointed 22/02/2021 ## **Independent Examiner** Mr Chris Trevor Stoten Gillam Limited Chartered Accountants Alban House 99 High Street South Dunstable Bedfordshire LU6 3SF Page 1 **8TH ST MARYLEBONE SCOUT GROUP** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022** Approved by order of the board of trustees on ............................................. and signed on its behalf by: ...................................................................... Mr C Jordan - Trustee Page 2 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF 8TH ST MARYLEBONE SCOUT GROUP** ## **Independent examiner's report to the trustees of 8th St Marylebone Scout Group** I report to the charity trustees on my examination of the accounts of 8th St Marylebone Scout Group (the Trust) for the year ended 31 December 2022. ## **Responsibilities and basis 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 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) 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 giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts 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. 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. Mr Chris Trevor Stoten Gillam Limited Chartered Accountants Alban House 99 High Street South Dunstable Bedfordshire LU6 3SF Date: ............................................. Page 3 ## **8TH ST MARYLEBONE SCOUT GROUP** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022** |||||**2022**|2021| |---|---|---|---|---|---| |||Unrestricted|Restricted|**Total**|Total| |||fund|fund|**funds**|funds| ||Notes|£|£|**£**|£| |**INCOME AND ENDOWMENTS FROM**|||||| |Charitable activities|2|**24,095**|**943**|**25,038**|37,522| |Other trading activities|3|**-**|**61,830**|**61,830**|43,090| |Investment income|4|**12**|**7,877**|**7,889**|7,388| |Other income||**100**|**33,689**|**33,789**|-| |**Total**||**24,207**|**104,339**|**128,546**|88,000| |**EXPENDITURE ON**|||||| |Raising funds|5|**19,361**|**82,749**|**102,110**|39,867| |Other||**475**|**4,019**|**4,494**|4,312| |**Total**||**19,836**|**86,768**|**106,604**|44,179| |Net gains/(losses) on investments||**-**|**(68,228)**|**(68,228)**|40,181| |**NET INCOME/(EXPENDITURE)**||**4,371**|**(50,657)**|**(46,286)**|84,002| |**RECONCILIATION OF FUNDS**|||||| |Total funds brought forward||**31,675**|**882,984**|**914,659**|830,657| |**TOTAL FUNDS CARRIED FORWARD**||**36,046**|**832,327**|**868,373**|914,659| The notes form part of these financial statements Page 4 ## **8TH ST MARYLEBONE SCOUT GROUP** ## **BALANCE SHEET 31 DECEMBER 2022** |||||**2022**|2021| |---|---|---|---|---|---| |||Unrestricted|Restricted|**Total**|Total| |||fund|fund|**funds**|funds| ||Notes|£|£|**£**|£| |**FIXED ASSETS**|||||| |Tangible assets|8|**3,331**|**57,104**|**60,435**|62,237| |Investments|9|**-**|**662,168**|**662,168**|722,565| |||**3,331**|**719,272**|**722,603**|784,802| |**CURRENT ASSETS**|||||| |Debtors|10|**-**|**3,123**|**3,123**|2,688| |Investments|11|**-**|**39,884**|**39,884**|84,976| |Cash at bank and in hand||**32,715**|**85,026**|**117,741**|52,091| |||**32,715**|**128,033**|**160,748**|139,755| |**CREDITORS**|||||| |Amounts falling due within one year|12|**-**|**(14,978)**|**(14,978)**|(9,898)| |**NET CURRENT ASSETS**||**32,715**|**113,055**|**145,770**|129,857| |**TOTAL ASSETS LESS CURRENT**|||||| |**LIABILITIES**||**36,046**|**832,327**|**868,373**|914,659| |**NET ASSETS**||**36,046**|**832,327**|**868,373**|914,659| |**FUNDS**|13||||| |Unrestricted funds||||**36,046**|31,675| |Restricted funds||||**832,327**|882,984| |**TOTAL FUNDS**||||**868,373**|914,659| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. Mr C Jordan - Trustee ............................................. Mr J W Larkin - Trustee The notes form part of these financial statements Page 5 **8TH ST MARYLEBONE SCOUT GROUP** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings ## - 15% on reducing balance Improvements to property - In the opinion of the trustees, the improvements to property are expected to have a long useful economic life and the residual value is expected to be high, as the property is maintained to a high standard. No depreciation has been charged as any such charge would be immaterial. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. continued... Page 6 **8TH ST MARYLEBONE SCOUT GROUP** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** |**2.**|**CHARITABLE ACTIVITIES**||| |---|---|---|---| |||**2022**|2021| |||**£**|£| ||Subscriptions & Camp Fees|**18,774**|7,795| ||Fees & Donations|**2,264**|505| ||Government grants|**4,000**|29,222| |||**25,038**|37,522| |**3.**|**OTHER TRADING ACTIVITIES**||| |||**2022**|2021| |||**£**|£| ||Hall hire|**61,830**|43,090| |**4.**|**INVESTMENT INCOME**||| |||**2022**|2021| |||**£**|£| ||Interest receivable|**4,275**|3,655| ||Investment income|**3,614**|3,733| |||**7,889**|7,388| |**5.**|**RAISING FUNDS**||| ||**Raising donations and legacies**||| |||**2022**|2021| |||**£**|£| ||Event expenses|**15,515**|2,551| ||Subscriptions|**-**|165| |||**15,515**|2,716| ||**Other trading activities**||| |||**2022**|2021| |||**£**|£| ||Rates and water|**404**|645| ||Travel|**2,654**|1,005| ||Insurance|**245**|168| ||Light and heat|**4,486**|4,066| ||Repairs|**75,426**|27,663| ||Entertaining|**538**|347| ||Donations|**-**|100| ||Depreciation|**2,842**|3,157| |||**86,595**|37,151| ||Aggregate amounts|**102,110**|39,867| continued... Page 7 **8TH ST MARYLEBONE SCOUT GROUP** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted|Restricted|Total| |---|---|---|---| ||fund|fund|funds| ||£|£|£| |**INCOME AND ENDOWMENTS FROM**|||| |Charitable activities|37,522|-|37,522| |Other trading activities|-|43,090|43,090| |Investment income|1|7,387|7,388| |**Total**|37,523|50,477|88,000| |**EXPENDITURE ON**|||| |Raising funds|4,531|35,336|39,867| |Other|398|3,914|4,312| |**Total**|4,929|39,250|44,179| |Net gains on investments|-|40,181|40,181| |**NET INCOME**|32,594|51,408|84,002| |**Transfers between funds**|(9,767)|9,767|-| |**Net movement in funds**|22,827|61,175|84,002| |**RECONCILIATION OF FUNDS**|||| |Total funds brought forward|8,848|821,809|830,657| |**TOTAL FUNDS CARRIED FORWARD**|31,675|882,984|914,659| continued... Page 8 **8TH ST MARYLEBONE SCOUT GROUP** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** |**8.**|**TANGIBLE FIXED ASSETS**|||| |---|---|---|---|---| |||Improvements|Fixtures|| |||to|and|| |||property|fittings|Totals| |||£|£|£| ||**COST**|||| ||At 1 January 2022|**44,349**|**72,055**|**116,404**| ||Additions|**-**|**1,040**|**1,040**| ||At 31 December 2022|**44,349**|**73,095**|**117,444**| ||**DEPRECIATION**|||| ||At 1 January 2022|**-**|**54,167**|**54,167**| ||Charge for year|**-**|**2,842**|**2,842**| ||At 31 December 2022|**-**|**57,009**|**57,009**| ||**NET BOOK VALUE**|||| ||At 31 December 2022|**44,349**|**16,086**|**60,435**| ||At 31 December 2021|44,349|17,888|62,237| |**9.**|**FIXED ASSET INVESTMENTS**|||| |||||Listed| |||||investments| |||||£| ||**MARKET VALUE**|||| ||At 1 January 2022|||**722,565**| ||Additions|||**78,889**| ||Disposals|||**(62,087)**| ||Revaluations|||**(77,199)**| ||At 31 December 2022|||**662,168**| ||**NET BOOK VALUE**|||| ||At 31 December 2022|||**662,168**| ||At 31 December 2021|||722,565| There were no investment assets outside the UK. The investments are listed on a recognised stock exchange or held in common investment funds, open ended investment companies, unit trusts or other collective investment schemes. continued... Page 9 **8TH ST MARYLEBONE SCOUT GROUP** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **9. FIXED ASSET INVESTMENTS - continued** Cost or valuation at 31 December 2022 is represented by: ||||||**Listed**| |---|---|---|---|---|---| ||||||**investments**| ||||||**£**| ||Valuation in 2023||||**348,233**| ||Cost||||**313,935**| ||||||**662,168**| |**10.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| |||||**2022**|2021| |||||**£**|£| ||Prepayments and accrued income|||**3,123**|2,688| |**11.**|**CURRENT ASSET INVESTMENTS**||||| |||||**2022**|2021| |||||**£**|£| ||Santander reserve account|||**100**|40,249| ||Investment accounts|||**39,784**|44,727| |||||**39,884**|84,976| |**12.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| |||||**2022**|2021| |||||**£**|£| ||Other creditors|||**10,250**|6,250| ||Accruals and deferred income|||**4,728**|3,648| |||||**14,978**|9,898| |**13.**|**MOVEMENT IN FUNDS**||||| |||||Net|| |||||movement|At| |||At|1/1/22|in funds|31/12/22| ||||£|£|£| ||**Unrestricted funds**||||| ||General fund|**31,675**||**4,371**|**36,046**| ||**Restricted funds**||||| ||Restricted fund|**882,984**||**(50,657)**|**832,327**| ||**TOTAL FUNDS**|**914,659**||**(46,286)**|**868,373**| continued... Page 10 **8TH ST MARYLEBONE SCOUT GROUP** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **13. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: ||Incoming|Resources|Gains and|Movement| |---|---|---|---|---| ||resources|expended|losses|in funds| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|**24,207**|**(19,836)**|**-**|**4,371**| |**Restricted funds**||||| |Restricted fund|**104,339**|**(86,768)**|**(68,228)**|**(50,657)**| |**TOTAL FUNDS**|**128,546**|**(106,604)**|**(68,228)**|**(46,286)**| |**Comparatives for movement in funds**||||| |||Net|Transfers|| |||movement|between|At| ||At 1/1/21|in funds|funds|31/12/21| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|8,848|32,594|(9,767)|31,675| |**Restricted funds**||||| |Restricted fund|821,809|51,408|9,767|882,984| |**TOTAL FUNDS**|830,657|84,002|-|914,659| |Comparative net movement in funds, included in the above are as follows:||||| ||Incoming|Resources|Gains and|Movement| ||resources|expended|losses|in funds| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|37,523|(4,929)|-|32,594| |**Restricted funds**||||| |Restricted fund|50,477|(39,250)|40,181|51,408| |**TOTAL FUNDS**|88,000|(44,179)|40,181|84,002| continued... Page 11 **8TH ST MARYLEBONE SCOUT GROUP** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **13. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |||Net|Transfers|| |---|---|---|---|---| |||movement|between|At| ||At 1/1/21|in funds|funds|31/12/22| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|8,848|36,965|(9,767)|36,046| |**Restricted funds**||||| |Restricted fund|821,809|751|9,767|832,327| |**TOTAL FUNDS**|830,657|37,716|-|868,373| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Gains and|Movement| |---|---|---|---|---| ||resources|expended|losses|in funds| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|61,730|(24,765)|-|36,965| |**Restricted funds**||||| |Restricted fund|154,816|(126,018)|(28,047)|751| |**TOTAL FUNDS**|216,546|(150,783)|(28,047)|37,716| ## **14. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2022. Page 12 **8TH ST MARYLEBONE SCOUT GROUP** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022** ||2022|2021| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Charitable activities**||| |Subscriptions & Camp Fees|**18,774**|7,795| |Fees & Donations|**2,264**|505| |Government grants|**4,000**|29,222| ||**25,038**|37,522| |**Other trading activities**||| |Hall hire|**61,830**|43,090| |**Investment income**||| |Interest receivable|**4,275**|3,655| |Investment income|**3,614**|3,733| ||**7,889**|7,388| |**Other income**||| |Legal claim|**33,639**|-| |Other income|**150**|-| ||**33,789**|-| |**Total incoming resources**|**128,546**|88,000| |**EXPENDITURE**||| |**Raising donations and legacies**||| |Event expenses|**15,515**|2,551| |Subscriptions|**-**|165| ||**15,515**|2,716| |**Other trading activities**||| |Rates and water|**404**|645| |Travel|**2,654**|1,005| |Insurance|**245**|168| |Light and heat|**4,486**|4,066| |Repairs|**75,426**|27,663| |Entertaining|**538**|347| |Donations|**-**|100| |Fixtures and fittings|**2,842**|3,157| ||**86,595**|37,151| This page does not form part of the statutory financial statements Page 13 **8TH ST MARYLEBONE SCOUT GROUP** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022** ||2022|2021| |---|---|---| ||£|£| |**Support costs**||| |**Finance**||| |Bank charges|**79**|112| |**Governance costs**||| |Telephone|**1,121**|1,175| |Postage and stationery|**734**|205| |Accountancy and legal fees|**2,560**|2,820| ||**4,415**|4,200| |Total resources expended|**106,604**|44,179| |**Net income before gains and losses**|**21,942**|43,821| |**Realised recognised gains and losses**||| |Realised gains/(losses) on fixed asset investments|**(68,228)**|90,140| |**Net (expenditure)/income**|**(46,286)**|133,961| This page does not form part of the statutory financial statements Page 14