## **1[st] Nailsea Scouts** 

Trustees’ Report and Financial Statements for the year ended 31 December 2022 

Charity Registration Number: 305628 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Contents** 

Reference and administrative information ....................................................................................................................... 1 Report of the Trustees for the year ended 31 December 2022 ......................................................................................... 2 Independent examiner’s report to the Trustees of 1[st] Nailsea Scouts............................................................................... 7 Statement of financial activities ....................................................................................................................................... 8 Balance sheet ................................................................................................................................................................... 9 Notes ................................................................................................................................................................................ 10 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Reference and administrative information** 

Group Scout Leader ( _resigned 23 May 2023_ ) Group Scout Leader Scout Leader Scout Leader ( _resigned 23 May 2023_ ) Cub Scout Leader 

**Trustees** Mrs B Wyatt Group Scout Leader ( _resigned 23 May 2023_ ) Mrs N Jelliss Group Scout Leader Mr H Merryweather Scout Leader Miss A Bolton Scout Leader ( _resigned 23 May 2023_ ) Mrs E Bolton Cub Scout Leader Mr A Winstone Chair Mr A Woodman Treasurer Mr R Iliescu Assistant Treasurer ( _appointed 1 September 2022_ ) Assistant Treasurer ( _resigned 23 May 2023_ ) Mrs H Walsh Secretary ( _resigned 23 May 2023_ ) Mrs E Merryweather Trustee ( _resigned 17 May 2022_ ) Mr J Burke Trustee ( _appointed 17 May 2022_ ) Trustee ( _resigned 23 May 2023)_ Mrs S Chaplow Trustee ( _appointed 17 May 2022_ ) Mr E Hayes Trustee ( _appointed 14 June 2022_ ) Mr D Sewell Trustee ( _appointed 23 May 2023_ ) **Honorary appointments** Mr R Howes President _(passed away 23 January 2022)_ Mr S Harris President ( _from 17 May 2022_ ) Vice President ( _until 17 May 2022_ ) Mr J Hobbs Vice President Mr B Billinger Vice President Mr G Hoare Vice President Mr C Elliott Vice President Mrs L Hamey Vice President **Custodian Trustee** The Scout Association Trust Company holds the deeds of the Group’s property. **Charity name** 1[st] Nailsea Scouts **Charity registration** 305628 **number Scout Association** The group is registered with The Scout Association and its registered number is 9243. **registration number Principal address** The Activity and Training Centre Clevedon Road Nailsea BS48 1EH **Bankers** Lloyds Bank Crown Glass Place Nailsea BS48 1RD **Insurance brokers** Unity Insurance Services Suite 8 The Quadrant 60 Marlborough Road, Lancing Business Park Lancing, West Sussex BN15 8UW **Independent examiner** Jenny Gunningham c/o The Activity and Training Centre, Clevedon Road, Nailsea, BS48 1EH 

## **Website** 

http://www.1stnailseascouts.org.uk 

1 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Report of the Trustees for the year ended 31 December 2022** 

The Trustees are pleased to present their annual report together with the financial statements of the charity for the year ended 31 December 2022. 

The financial statements have been prepared based on the accounting policies set out in note 1 to the financial statements.  1[st] Nailsea Scouts is a charity registered with the Charity Commission under registration number 305628. 

## **Objectives and activities** 

## _The Purpose of Scouting_ 

Scouting exists to actively engage and support young people in their personal development, empowering them to make a positive contribution to society. 

## _The Values of Scouting_ 

As Scouts we are guided by these values: 

**Integrity** We act with integrity; we are honest, trustworthy and loyal **Respect** We have self-respect and respect for others **Care** We support others and take care of the world in which we live **Belief** We explore our faiths, beliefs and attitudes **Co-operation** We make a positive difference; we co-operative with others and make friends 

## _The Scout Method_ 

Scouting takes place when young people, in partnership with adults, work together based on the values of Scouting and: 

- enjoy what they are doing and have fun 

- take part in activities indoors and outdoors 

- learn by doing 

- share in spiritual reflection 

- take responsibility and make choices 

- undertake new and challenging activities 

- make and live by their Promise. 

A summary of the Group’s main activities in relation to these objects can be found below. 

## _Public benefit statement_ 

The group meets the Charity Commission’s public benefit criteria under both the advancement of education and the advancement of citizenship or community development headings. 

## **Achievements and performance** 

## _Major activities and achievements_ 

1st Nailsea Scouts has reverted completely back to face-to-face meetings this year and in May 2022 we were able to finally celebrate our Centenary with our 102[nd] Anniversary Camp at Woodhouse Park. 

With the easing of Covid restrictions, our Beavers, Cubs and Scouts have been able to enjoy a full programme of events during the year, including various camps, Ten Tors and the Remembrance Parade in November.  In July, we were delighted that Nailsea Carnival saw a return, bringing back a sense of community and putting smiles on lots of faces, whilst also providing a helpful opportunity to raise funds for the Group. 

In addition to organising Nailsea Carnival, our excellent team of fundraising volunteers, Friends of 1[st] Nailsea, have also continued to run clothing collections via _Bags2School_ to bring in much-needed funds.  As ever, the Trustees are immensely grateful for their support, as well as to all of the people who made donations. 

The Christmas Post was run by 2[nd] Nailsea Scouts this year, with volunteers from 1[st] Nailsea supporting with the delivery of the post. 

2 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Report of the Trustees for the year ended 31 December 2022** _(continued)_ 

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

## _Beavers_ 

The two Beaver colonies continued to run at full capacity all year, with a varied and exciting programme.  Beavers have been learning about first aid, faith, global issues, Australia, Ukraine and refugees, and disability awareness. They have been pond-dipping, making good use of the new climbing wall, visiting Glenny Woods and learning all about how the RNLI rescue people in difficulty at sea. 

Many of the Beavers enjoyed the Gordano District trip to Crealy Theme Park in September, and the older Beavers enjoyed the annual autumn ‘spooky’ sleepover, held at our Scout Hut. The Beaver Christmas Party also returned this year, with lots of festive activities, party food and of course a visit from a very special person, handing out presents to everyone. 

All those who moved up to Cubs during the year also achieved their _Chief Scout’s Bronze Award_ . 

## _Cubs_ 

Our three Cub packs have been running below capacity this year due to the fact that we have been unable to recruit new leaders to reopen the Yeo Valley Beaver Colony, despite our best efforts to recruit new volunteers.  Direct entrants have been taken from the waiting list to fill some of the spaces, but with fewer Beavers moving up into Cubs, we expect that the Cub packs will remain under capacity until we manage to find new Beaver leaders. 

The Cubs have enjoyed an exciting and adventurous range of activities which have included learning about the Country Code, pioneering, backwoods cooking, bouldering, science, as well as fundraising for WaterAid at a Penny Fair. Trips out have included Ninja Warrior, the See Monster installation in Weston-super-Mare, Christmas ice skating and canoeing. 

Concorde and Compass Cubs went on pack holiday to Woodhouse Park and were able to hold their annual camp at Cleeve Hill, Bath over the August bank holiday weekend.  Jack Warry held a camp at Huish Woods, with the pack leader gaining her _Nights Away_ permit at the same time.  Scouting is all about helping people develop _Skills for Life_ , and that includes a commitment to providing our volunteers with valuable training and development opportunities. 

14 Cubs managed to achieve their _Chief Scout’s Silver Award_ and _Gordano Challenge_ awards. 

## _Scouts_ 

Our two Scout Troops have been running full to capacity during the year; in fact, Tomahawk Troop is so full that the Scouts cannot all fit into our two minibuses. Fortunately, a mutual agreement with Nailsea School has proved beneficial on both sides allowing us to hire their minibuses, and parents have been strongly encouraged to volunteer their time to ensure the required adult ratios are met. 

The Scouts have been climbing, caving, shooting, fencing, doing woodwork, archery, cooking/backwoods cooking, playing table tennis and have been introduced to taekwondo. 

Both Troops ran successful camps in the summer, with Raptor Troop camping at Lyons Copse in Southampton and Tomahawk Troop travelling to Huish Woods with 2[nd] Nailsea Scouts for a joint camp. 

7 Scouts managed to achieve their _Chief Scout’s Gold Award_ last year after they had completed their two-day hike, with a night under canvas without a leader present. 

## _Band_ 

After the lifting of Covid restrictions, we were finally able to re-establish the _Nailsea Scout and Guide Band_ during the year with a small team of leaders and volunteers to whom we are incredibly grateful.  We have eight young people who have been busy learning brass and percussion instruments and we are keen to recruit more members to swell the size of the band.  The band’s first public performance, at the Remembrance Parade in November, was well received, and the band are looking forward to the opportunity to play at Nailsea Carnival in July 2023. 

3 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Report of the Trustees for the year ended 31 December 2022** _(continued)_ 

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

## _Adventurous Activities Club_ 

This section managed to resume in 2022, with archery and kayaking sessions taking place. 

## **Financial Review** 

Total income for the year increased to £72,048 (2021 restated: £51,996), following a return to normality after the Covid-19 pandemic. 

Camp and activities income, impacted in 2020 and 2021 by Covid-related restrictions, increased to £21,113 (2021: £6,400).  Similarly, the resumption of Nailsea Carnival in July 2022 after a two-year hiatus resulted in much increased fundraising income in the year of £10,811 (2021: £5,190).  Income from external hire of premises and equipment increased to £7,114 (2021: £2,975) as those external groups were similarly able to increase the extent of their activities in the year.  The return to normality did result, however, in reduced grant income in the year, of £7,604 (2021: £16,631) due to receipt of significant amounts of Covid-related government grants in the previous year. 

Reflecting the return to normal activities, the Group’s total expenditure for the year increased from £37,338 in 2021 to £62,484 in 2022.  Of this, £16,985 (2021: £15,618) represents the Group’s fixed overheads (headquarters expenses) which increased by around 9% compared to the higher year.  This is partly due to depreciation of new assets purchased in late 2021, but is also driven by inflationary increases for utilities and insurance.  In respect of transport costs, following a purchase of a new minibus in early 2022, the depreciation charge for the year was substantially increased, with high fuel costs and increased activity driving much higher running and other costs in the year.  The disposal of the old minibus did, however, give rise to a one-off profit on disposal of £1,664 included in the income for the year. 

Of course, with a normal level of activity being possible this year, our spending on training, equipment and activities increased from £14,333 to £29,701, consistent with the increase in camps and activities income mentioned above.  By far the largest part of that cost was expenditure specifically on camps and activities of £25,185 (2021: £10,069), with other costs (badges, training for leaders, equipment costs) making up the remainder and being broadly consistent with the previous year. 

The Group’s overall net income for the year was £9,564 (2021 restated: £14,658), with the decrease from last year largely being a consequence of the reduction in government grants following the end of the pandemic, the purchase of the new minibus in the year, higher levels of cost with a return to normal activity for the Group, and the impact of increased inflation.  The Group continues to have a strong balance sheet, with net assets of £254,929 (2021 restated: £245,365) and net current assets of £49,894 (2021 restated: £72,023), including cash of £46,761 (2021: £67,072).  The surplus and additional cash generated in the year has allowed an early repayment of the loan from the Scout Association, the balance of which reduced to £8,600 from £17,200 in 2021. 

## _Fundraising_ 

After a two-year hiatus, the Group’s main fundraising activity – Nailsea Carnival – went ahead in July 2021, raising net income for the Group of £4,076 (2021: £nil).  Whilst this was less than Carnival has raised in the years prior to 2020, it nonetheless led to higher overall net fundraising income in the year of £6,545 (2021: £4,842).  Due to the time and effort involved in organising Carnival, other fundraising activities were inevitably reduced in the year, although the Christmas Post was again run – this year by 2[nd] Nailsea Scouts – raising income of £618 (2021: £570). 

With the majority of day-to-day charitable activities being funded by membership fees, the main objective of fundraising by the Group is a) to fund repayments of the Scout Association loan (see note 14), and b) to fund other major capital expense as and when required.  These objectives were met in the current year through the fundraising activities, with the Scout Association loan repayment discussed above, the balance of which was paid from other surplus funds generated in the year. 

## _Reserves policy_ 

The Group’s policy on reserves is to hold sufficient resources to continue the charitable activities of the Group should income and fundraising activities fall short. 

4 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Report of the Trustees for the year ended 31 December 2022** _(continued)_ 

## **Financial Review** _(continued)_ 

## _Reserves policy (continued)_ 

In the previous years, this has meant that the reserves policy has required the holding of sufficient cash to repay the loan from the Scout Association were this required.  However, following the early loan repayment made in late 2022, and the substantial reduction in the loan balance, the Trustees’ view is that the risk that the Group would be unable to make a loan repayment is sufficiently low to warrant a revision of the reserves policy. 

Consequently, the revised policy is now that the Group should hold a sum in cash equivalent to 4 months’ (i.e. two terms’) running costs of approximately £18,000.  The total cash balance at the year-end was £46,761 (2021: £67,072), of which £20,795 (2021: £39,124) was in unrestricted general funds.  This is above the target balance referred to above, and the Trustees are therefore satisfied that the Group’s cash balance is in line with the revised policy. 

## _Investment policy_ 

The Group has adopted a risk-averse strategy to the investment of funds.  All funds are therefore held in cash using only mainstream banks or building societies. 

## **Structure, governance and management** 

## _Governing document_ 

The Group’s governing documents are those of The Scout Association.  They consist of a Royal Charter, which in turn gives authority to the Bye Laws of the Association and The Policy, Organisation and Rules (POR) of the Scout Association. 

The Group is a trust established under its rules which are common to all Scouts. 

## _Trustee selection methods_ 

The Trustees are appointed in accordance with the Policy, Organisation and Rules of The Scout Association. 

## _Governance_ 

The group is managed by the Group Executive Committee, the members of which are the ‘Charity Trustees’ of the Scout Group which is an educational charity. As charity trustees they are responsible for complying with legislation applicable to charities. This includes the registration, keeping proper accounts and making returns to the Charity Commission as appropriate. 

The Committee consists of 3 independent representatives, Chair, Treasurer and Secretary together with the Group Scout Leaders, individual section leaders (if opted to take on the responsibility) and parents’ representation and meets on average every 2 months during the course of the year. 

Members of the Executive Committee complete ' _Essential Information for Executive Committee_ ' training within the first 5 months of joining the committee.  This Group Executive Committee exists to support the Group Scout Leader in meeting the responsibilities of the appointments and is responsible for: 

- The maintenance of Group property; 

- The raising of funds and the administration of Group finance; 

- The insurance of persons, property and equipment; 

- Group public occasions; 

- Assisting in the recruitment of leaders and other adult support; 

- Appointing any sub committees that may be required; 

- Appointing Group Administrators and Advisors other than those who are elected. 

## _Risk and internal controls_ 

The principal risks facing the Group relate to the possibility of injury by a young person while participating in activities, and the financial risk of income being insufficient to cover the charity’s fixed costs.  In respect of the former, comprehensive risk assessments are completed, following guidance from the Scout Association, with leaders 

5 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Report of the Trustees for the year ended 31 December 2022** _(continued)_ 

## **Structure, governance and management** _(continued)_ 

## _Risk and internal controls (continued)_ 

undertaking all required training, including first aid training.  Completion of training is monitored by both the Trustees, and by Gordano District Scouts. 

In respect of financial risk, the Group is fortunate to have a strong pipeline of young people waiting to join, giving some certainty over the receipt of future membership fees.  These are set at such a level to ensure the Group generates sufficient income to fund its activities each year, and to cover any shortfall from fundraising. 

The Group has in place systems of internal control that are designed to provide reasonable assurance against material mismanagement or loss.  This includes the requirement that all payments be authorised by two signatories and comprehensive insurance policies to ensure that insurable risks are covered. 

## _Plans for the future_ 

The Group will continue offering young people an opportunity to participate in Scouting.  The immediate priority for the Trustees during 2023 is to continue identify new section leaders and other adult volunteers, particularly with a view to reinvigorating the currently dormant Yeo Valley Beaver colony. 

The Trustees’ Report was approved by the Trustees on 

and signed on their behalf by: 

**Andrew Winstone** 

_Chair_ 

**Alex Woodman** _Treasurer_ 

6 



## **Independent examiner’s report to the Trustees of 1[st] Nailsea Scouts** 

I report to the trustees on my examination of the accounts of the 1[st] Nailsea Scouts for the year ended 31 December 2022. 

## **Responsibilities and basis of report** 

As the charity trustees of the 1[st] Nailsea Scouts 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 1[st] Nailsea Scouts accounts carried out under section 145 of the 2011 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** 

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 1[st] Nailsea Scouts 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. 

Signed: 

Name:  Jennifer Gunningham 

Relevant professional qualification or membership of professional bodies (if any):  n/a 

Address:  c/o The Activity and Training Centre, Clevedon Road, Nailsea, BS48 1EH 

Date: 

7 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Statement of Financial Activities** 

_For the year ended 31 December 2022_ 

||Note|**Unrestricted**|**Restricted**|**Total Funds**|Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|---|
|||**Funds 2022**|**Funds 2022**|**2022**|Funds 2021|Funds 2021|2021|
|||**£**|**£**|**£**|£|£|£|
||||||Restated*|Restated*|Restated*|
|**Income:**||||||||
|_Voluntary income_||||||||
|Donations and grants|_2_|7,565|1,121|**8,686**|17,796|527|18,323|
|Gift Aid reclaimed||4,799|1|**4,800**|4,591|-|4,591|
|Fundraising income|_3_|10,189|622|**10,811**|5,190|-|5,190|
|Sundry income||217|-|**217**|19|-|19|
|_Income from charitable activities_||||||||
|Membership fees||15,522|9,000|**24,522**|14,498|8,349|22,847|
|Less: Scouts Capitation Fee||-|(9,000)|**(9,000)**|-|(8,349)|(8,349)|
|Explorers Partnership agreement||2,120|-|**2,120**|-|-|-|
|Camps and activities||21,113|-|**21,113**|6,400|-|6,400|
|_Income from other trading_||||||||
|_activities_||||||||
|Premises and equipment hire||7,114|-|**7,114**|2,975|-|2,975|
|Profit on disposal of fixed assets||1,664|-|**1,664**||||
|Interest receivable||1|-|**1**|-|-|-|
|||__________|__________|__________|__________|__________|__________|
|**Total income for the year**||**70,304**|**1,744**|**72,048**|51,469|527|51,996|
|||__________|__________|__________|__________|__________|__________|
|**Expenditure:**||||||||
|_Costs of raising funds_||||||||
|Fundraising expenses|_3_|4,266|622|**4,888**|337|11|348|
|_Expenditure on charitable_||||||||
|_activities:_||||||||
|Headquarters expenses|_4_|16,985|-|**16,985**|15,618|-|15,618|
|Training, equipment and||||||||
|activities expenses|_5_|29,701|-|**29,701**|14,333|-|14,333|
|Minibus/transport expenses|_6_|9,343|-|**9,343**|5,817|-|5,817|
|Miscellaneous expenditure|_7_|1,567|-|**1,567**|1,222|-|1,222|
|||__________|__________|__________|__________|__________|__________|
|**Total expenditure for the year**||**61,862**|**622**|**62,484**|37,327|11|37,338|
|||__________|__________|__________|__________|__________|__________|
|**Net income/(expenditure)**||**8,442**|**1,122**|**9,564**|14,142|516|14,658|
|Transfers|_15_|204|(204)|-|313|(313)|-|
|||__________|__________|__________|__________|__________|__________|
|**Net movement in funds**||**8,646**|**918**|**9,564**|14,455|203|14,658|
|||**__________**|**__________**|**__________**|__________|__________|__________|
|**Reconciliation of funds**||||||||
|Total funds brought forward||241,732|3,633|**245,365**|227,277|3,430|230,707|
|||__________|__________|__________|__________|__________|__________|
|**Total funds carried forward**|_15_|**250,378**|**4,551**|**254,929**|241,732|3,633|245,365|



__________ __________ __________ __________ __________ __________ 

* _See note 18 for details of the restatement_ 

8 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Balance Sheet** 

_As at 31 December 2022_ 

|Note<br>**Fixed assets**<br>Tangible fixed assets<br>_9_<br>**Current assets**<br>Debtors<br>_10_<br>Cash at bank and in hand<br>**Liabilities**<br>**Creditors:**amounts falling due within one year<br>_11_<br>**Net current assets**<br>**Total assets less current liabilities**<br>**Creditors:**amounts falling due after more than<br>one year<br>_12_<br>**Net assets**<br>**Funds**<br>Unrestricted funds<br>_15_<br>Restricted funds<br>_15_<br>**Total funds**|**2022**<br>**£**<br>**205,035**<br>__________<br>**205,035**<br>__________<br>**13,875**<br>**46,761**<br>__________<br>**60,636**<br>__________<br>**(10,742)**<br>__________<br>**49,894**<br>__________<br>**254,929**<br>**-**<br>__________<br>**254,929**<br>__________<br>**250,378**<br>**4,551**<br>__________<br>**254,929**<br>__________|2021<br>£<br>Restated*<br>190,542<br>__________<br>190,542<br>__________<br>8,624<br>67,072<br>__________<br>75,696<br>__________<br>(3,673)<br>__________<br>72,023<br>__________<br>262,565<br>(17,200)<br>__________<br>245,365<br>__________<br>241,732<br>3,633<br>__________<br>245,365<br>__________|
|---|---|---|



* _See note 18 for details of the restatement_ 

Approved by the Trustees on 

and signed on their behalf by: 

**Andrew Winstone** 

_Chair_ 

**Alex Woodman** _Treasurer_ 

9 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Notes** 

_Forming part of the financial statements_ 

## **1. Accounting policies** 

A summary of the principal accounting policies adopted (which have been applied consistently for each period presented, except where noted), judgements and key sources of estimation uncertainty, is set out below. 

## _Basis of preparation_ 

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 (FRS 102) (effective 1 January 2015)_ (Charities SORP (FRS 102)) and FRS 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (FRS 102). 

1[st] Nailsea Scouts meets the definition of a public benefit entity under FRS 102.  Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). 

## _Going concern_ 

The charity had net income for the year of £9,564 (2021 restated: £14,658), net current assets of £49,894 (2021 restated: £72,023), and net assets of £254,929 (2021 restated: £245,365), including unrestricted reserves of £250,378 (2021 restated: £241,732) and cash at bank and in hand in unrestricted general funds (see note 15) of £20,795 (2021: £39,124). In preparing the financial statements, the Trustees have had regard to the financial performance and position, as well as future cashflow forecasts, and consider that there are no material uncertainties in respect of the ability of the charity to continue as a going concern.  This has included an assessment of the impact on the charity of the current wider economic situation, including high rates of inflation and increasing interest rates.  Accordingly, they continue to adopt the going concern basis of accounting in preparing the financial statements. 

## _Income_ 

Income is recognised when the charity has entitlement to funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be reliably measured. 

Gift Aid income is recognised at the amount expected to be recovered from HMRC at the same time as the corresponding donation on which the Gift Aid arises. 

Government grants are not recognised until there is reasonable assurance that the charity will receive the grant and will comply with any attached conditions.  Grants are recognised gross (not netted off against related expenditure) in the Statement of Financial Activities using the accrual model. 

## _Explorers Partnership Agreement_ 

The Partnership Agreement is between the Group and the Horizon Explorers section.  It entitles the group to a termly payment determined based on the number of young people participating in Horizon Explorers that term in exchange for Explorers’ use of the group’s facilities and equipment.  Income is recognised as the group becomes entitled to it each term. 

## _Expenditure_ 

Expenditure is recognised when a liability is incurred. 

Costs of raising funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. 

## _Leases_ 

Rental payments under operating leases are charged as expenditure on a straight-line basis over the term of the lease. 

## _Taxation_ 

Irrecoverable VAT is not separately analysed and is charged to the Statement of Financial Activities, or included in the cost of tangible assets, when the expenditure to which it relates is incurred and is allocated as part of the expenditure to which it related. 

Tax recovered from voluntary income received under Gift Aid is recognised when the related income is receivable. 

10 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Notes** _(continued)_ 

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

## _Tangible fixed assets and depreciation_ 

Tangible assets are stated at cost, including irrecoverable VAT. and depreciated on a straight-line basis over their useful economic lives at the following rates: 

|Land|Not depreciated|
|---|---|
|Freehold buildings|50 years|
|Fixtures & fittings|10 years|
|Furniture & equipment|10 years|
|Minibuses|8 years|
|Band equipment|10 years|



Where the recoverable amount of a tangible asset is found to be below its net book value, the asset is written down to its recoverable amount and the loss on impairment is charged to the relevant expenditure category in the Statement of Financial Activities.  Where an asset is not primarily used to generate income, its impairment is assessed by reference to its service potential on its initial acquisition. 

Donated equipment is capitalised at its estimated cost or market value and the Statement of Financial Activities is credited with the value of the donation. 

## **2. Donations and grants** 

|Donations<br>Grants|**2022**<br>**£**<br>**1,082**<br>**7,604**<br>**__________**<br>**8,686**<br>__________|2021<br>£<br>1,692<br>16,631<br>__________<br>18,323<br>__________|
|---|---|---|



During the year, the charity received Covid-related government grants of £2,667 (2021: £16,631).  Other grants received were £2,816 (2021: £nil) from Nailsea Community Trust, £1,000 (2021: £1,000) from Nailsea Town Council and £1,121 (2021: £nil) from Tesco Community Grants. 

## **3. Fundraising income and expenditure** 

|**3. Fundraising income and expenditure**|||
|---|---|---|
|Carnival<br>Christmas Post<br>Miscellaneous<br>**2022 Total**<br>2021|**Income**<br>**2022**<br>**£**<br>**Expenditure**<br>**2022**<br>**£**<br>**Net income**<br>**/(expenditure)**<br>**2022**<br>**£**<br>Net income<br>/(expenditure)<br>2021<br>£<br>8,524<br>(4,448)<br>4,076<br>-<br>618<br>-<br>618<br>570<br>1,669<br>(440)<br>1,229<br>4,272<br>__________<br>__________<br>__________<br>__________<br>**10,811**<br>**(4,888)**<br>**6,545**<br>4,842<br>__________<br>__________<br>__________<br>__________<br>5,190<br>(348)<br>4,842<br>**__________**<br>**__________**<br>**__________**||
||||



11 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

|**Notes** _(continued)_<br>**4. Headquarters expenses**<br>Building and maintenance<br>Utilities<br>Cleaning<br>Insurance<br>Boat store rental<br>Interest payable on building loan<br>Depreciation<br>**5. Training, equipment and activities expenses**<br>Camps and activities<br>Badges and handbook purchases<br>Training<br>Equipment repairs and maintenance<br>Depreciation<br>**6. Minibus/transport expenses**<br>Running expenses<br>Depreciation<br>Other transport costs<br>**7. Miscellaneous expenditure**<br>Administration costs<br>Donations/grants made<br>Bank charges<br>Sundry expenses|**2022**<br>**£**<br>**779**<br>**2,544**<br>**1,940**<br>**3,014**<br>**544**<br>**430**<br>**7,734**<br>**__________**<br>**16,985**<br>__________<br>**2022**<br>**£**<br>**25,185**<br>**2,007**<br>**130**<br>**1,748**<br>**631**<br>**__________**<br>**29,701**<br>__________<br>**2022**<br>**£**<br>**3,986**<br>**3,882**<br>**1,475**<br>**__________**<br>**9,343**<br>__________<br>**2022**<br>**£**<br>**658**<br>**86**<br>**409**<br>**414**<br>**__________**<br>**1,567**<br>__________|2021<br>£<br>1,265<br>1,733<br>1,550<br>2,848<br>972<br>542<br>6,708<br>__________<br>15,618<br>__________|
|---|---|---|
|||<br>2021<br>£<br>10,069<br>1,797<br>410<br>1,505<br>552<br>__________<br>14,333<br>__________|
|||<br>2021<br>£<br>3,168<br>2,066<br>583<br>__________<br>5,817<br>__________|
|||<br>2021<br>£<br>445<br>20<br>349<br>408<br>__________<br>1,222<br>__________|



## **8. Trustees’ remuneration and expenses** 

No Trustees received any remuneration or payment of expenses for their services (2021: £nil). 

12 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Notes** _(continued)_ 

## **9. Tangible fixed assets** 

|_Cost_<br>At 1 January 2022<br>Additions<br>Disposals<br>At 31 December 2022<br>_Accumulated depreciation_<br>At 1 January 2022<br>Charge for the year<br>Disposals<br>At 31 December 2022<br>_Net book value_<br>At 31 December 2022<br>At 31 December 2021|**Land &**<br>**buildings**<br>**£**<br>222,754<br>-<br>-<br>**__________**<br>**222,754**<br>**__________**<br>59,077<br>4,452<br>-<br>**__________**<br>**63,529**<br>**__________**<br>**__________**<br>**159,225**<br>__________<br>163,677<br>__________|**Fixtures &**<br>**fittings**<br>**£**<br>**Furniture &**<br>**equipment**<br>**£**<br>38,489<br>49,582<br>5,145<br>-<br>(4,086)<br>-<br>__________ __________<br>**39,548**<br>**49,582**<br>__________ __________<br>19,961<br>46,506<br>3,281<br>631<br>(4,086)<br>-<br>__________ __________<br>**19,156**<br>**47,137**<br>__________ __________<br>__________ __________<br>**20,392**<br>**2,445**<br>__________<br>__________<br>18,528<br>3,076<br>__________ __________|**Vehicles**<br>**£**<br>24,206<br>21,594<br>(9,594)<br>__________<br>**36,206**<br>__________<br>18,945<br>3,882<br>(9,594)<br>__________<br>**13,233**<br>__________<br>__________<br>**22,973**<br>__________<br>5,261<br>__________|**Band**<br>**£**<br>5,781<br>-<br>-<br>__________<br>**5,781**<br>__________<br>5,781<br>-<br>-<br>__________<br>**5,781**<br>__________<br>__________<br>**-**<br>__________<br>-<br>__________|**Total**<br>**£**<br>340,812<br>26,739<br>(13,680)<br>__________<br>**353,871**<br>__________<br>150,270<br>12,246<br>(13,680)<br>__________<br>**148,836**<br>__________<br>__________<br>**205,035**<br>__________<br>190,542<br>__________|
|---|---|---|---|---|---|



The cost of land and buildings at 31 December 2022 includes the estimated cost of £50 for the purchase of land in 1930, the estimated cost of constructing the present main building of £10,000 in 1965 and costs of improvements since. 

## **10. Debtors** 

|Trade debtors<br>Gift Aid receivable<br>Prepayments<br>Accrued income<br>Other debtors|**2022**<br>**£**<br>**469**<br>**12,373**<br>**393**<br>**607**<br>**33**<br>**__________**<br>**13,875**<br>__________|2021<br>£<br>Restated*<br>-<br>7,574<br>292<br>570<br>188<br>__________<br>8,624<br>__________|
|---|---|---|



* _See note 18 for details of the restatement_ **11. Creditors:** amounts falling due within one year 

|Trade creditors<br>Accruals<br>Deferred income (note 13)<br>Loans and borrowings (note 14)<br>Other creditors|**2022**<br>**£**<br>**292**<br>**649**<br>**85**<br>**8,600**<br>**1,116**<br>**__________**<br>**10,742**<br>__________|2021<br>£<br>509<br>192<br>1,111<br>69<br>1,792<br>__________<br>3,673<br>__________|
|---|---|---|



13 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Notes** _(continued)_ 

## **12. Creditors:** amounts falling due after more than one year 

|Loans and borrowings (note 14)|**2022**<br>**£**<br>**-**<br>**__________**<br>**-**<br>__________|2021<br>£<br>17,200<br>__________<br>17,200<br>__________|
|---|---|---|



## **13. Deferred income** 

During 2020, the charity collected deposits for the 100[th] Anniversary Camp which, due to the Covid-19 pandemic, was initially deferred to 2021.  Due to the ongoing restrictions during 2021, it was not possible for the camp to go ahead in that year, and it was deferred to 2022.  The 102[nd] Anniversary Camp took place in May 2022, and consequently £1,026 which had been held in deferred income was released to incoming resources during the year.  The remaining balance relates to deposits paid for young people who did not attend the camp.  This amount will either be refunded to the original payer or, at their request, be put toward the cost of other events attended in future. 

|Balance at 1 January<br>Amount released to incoming resources<br>Amount deferred in the year<br>Balance at 31 December<br>**14. Loans and borrowings**<br>Building loan from The Scout Association|**2022**<br>**£**<br>**1,111**<br>**(1,026)**<br>**-**<br>**__________**<br>**85**<br>__________<br>**2022**<br>**£**<br>**8,600**<br>**__________**<br>**8,600**<br>__________|2021<br>£<br>1,231<br>(120)<br>-<br>__________<br>1,111<br>__________<br>2021<br>£<br>17,200<br>__________<br>17,200<br>__________|
|---|---|---|



During 2015, the charity received a loan from The Scout Association to complete the rebuild of the main hall.  The loan is repayable in equal instalments of £8,600 over ten years.  Due to successful fundraising and early repayments previously made, the balance at 31 December 2022 represents the final principal repayment which is now due in December 2023.  Interest is payable at 2.5% (2020: 2.1%) over the Bank of England base rate. 

14 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Notes** _(continued)_ 

## **15. Funds** 

_Analysis of movements in funds_ 

|**Balance at 1**<br>**Jan 2022**<br>**£**<br>Restated*<br>**Unrestricted funds**<br>Unrestricted general funds<br>88,340<br>_Designated funds_<br>Building fund<br>131,673<br>Band fund<br>1,719<br>Capital fund<br>20,000<br>__________<br>153,392<br>__________<br>**Total unrestricted funds**<br>**241,732**<br>__________<br>**Restricted funds**<br>Capitation fund<br>-<br>David Marshall Memorial Fund<br>3,430<br>Climbing Wall Fund<br>203<br>Other restricted funds<br>-<br>__________<br>**Total restricted funds**<br>**3,633**<br>**__________**<br>**Total funds**<br>**245,365**<br>__________|**Income**<br>**£**<br>**Expenditure**<br>**£**<br>70,179<br>(54,996)<br>124<br>(6,561)<br>1<br>(305)<br>-<br>-<br>__________<br>__________<br>125<br>(6,866)<br>__________<br>__________<br>**70,304**<br>**(61,862)**<br>__________<br>__________<br>-<br>-<br>-<br>-<br>1<br>-<br>1,743<br>(622)<br>__________<br>__________<br>**1,744**<br>**(622)**<br>**__________**<br>**__________**<br>**72,048**<br>**(62,484)**<br>__________<br>__________|**Transfer**<br>**£**<br>204<br>-<br>-<br>-<br>__________<br>-<br>__________<br>**204**<br>__________<br>-<br>-<br>(204)<br>-<br>__________<br>**(204)**<br>**__________**<br>**-**<br>__________|**Funds**<br>**31 Dec 2022**<br>**£**<br>**103,727**<br>**125,236**<br>**1,415**<br>**20,000**<br>**__________**<br>**146,651**<br>__________<br>**250,378**<br>__________<br>**-**<br>**3,430**<br>**-**<br>**1,121**<br>__________<br>**4,551**<br>**__________**<br>**254,929**<br>__________|
|---|---|---|---|



## * _See note 18 for details of the restatement_ 

As explained in the description, nature and purposes of funds note on page 16, amounts held in the climbing wall fund were raised for the purposes of funding the climbing wall and climbing accessories.  The total depreciation charge for these items during the year was £1,244, and this has been charged against general unrestricted funds during the year. As the depreciation charge exceeds the amounts remaining in the fund, at 31 December 2022 the full amount of the fund has been transferred to unrestricted general funds to offset the depreciation charge.  As no further fundraising will be undertaken specifically for the climbing wall, this fund has now been closed. 

15 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Notes** _(continued)_ 

## **15. Funds** _(continued)_ 

_Analysis of movements in funds – previous year_ 

||**Balance at 1**|<br>Prior year|<br>**Balance at 1**|**Income**|**Expenditure**|**Transfer**|<br>**Funds**|
|---|---|---|---|---|---|---|---|
||**Jan 2021**|restatement*|<br>**Jan 2021**||||**31 Dec 2021**|
||**£**||**£**|**£**|**£**|**£**|<br>**£**|
||As previously||Restated|Restated|||Restated|
||reported|||||||
|**Unrestricted funds**||||||||
|Unrestricted general funds|69,212|18,009|<br>87,221|51,136|(30,330)|(19,687)|<br>88,340|
|_Designated funds_||||||||
|Building fund|138,560|-|<br>138,560|58|(6,945)|-|<br>131,673|
|Band fund|1,496|-|<br>1,496|275|(52)|-|<br>1,719|
|Capital fund|-|-|<br>-|-|-|20,000|<br>20,000|
||__________|__________|__________|__________|__________|__________|__________|
||140,056|-|<br>140,056|333|(6,997)|20,000|<br>153,392|
||__________|__________|__________|__________|__________|__________|__________|
|**Total unrestricted funds**|209,268|18,009|<br>227,277|51,469|(37,327)|313|<br>241,732|
||__________|__________|__________|__________|__________|__________|__________|
|**Restricted funds**||||||||
|Capitation fund|-|-|<br>-|-|-|-|<br>-|
|David Marshall Memorial Fund|<br>3,430|-|<br>3,430|-|-|-|<br>3,430|
|Climbing Wall Fund|-|-|<br>-|527|(11)|(313)|<br>203|
|Other restricted funds|-|-|<br>-|-|-|-|<br>-|
||__________|__________|__________|__________|__________|__________|__________|
|**Total restricted funds**|3,430|-|<br>3,430|527|(11)|(313)|<br>3,633|
||__________|__________|__________|__________|__________|__________|__________|
|**Total funds**|212,698|18,009|<br>230,707|51,996|(37,338)|-|<br>245,365|



__________ __________ __________ __________ __________ __________ __________ 

* _See note 18 for details of the restatement_ 

_Description, nature and purpose of funds_ 

## Unrestricted funds 

General funds The ‘free reserves’ after allowing for all designated funds. Building fund Designated fund for income and expenses connected with the group’s property. Band fund Funds related to the Group’s Band. Capital fund Funds set aside by the Trustees for future capital purposes. 

## Restricted funds 

David Marshall Memorial The David Marshall Memorial Fund was established in in 1988 in memory of a Scout Fund who was tragically killed in a lorry accident.  It exists to assist Group members to attend functions throughout the United Kingdom and abroad. Capitation Fund The charity collects and pays a capitation fee to the Scout Association for all members of the group.  This is included in the membership fees paid by group members.  The Trustees’ policy is to hold membership fees collected for the purposes of paying capitation in a restricted fund. 

16 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Notes** _(continued)_ 

## **15. Funds** _(continued)_ 

_Description, nature and purpose of funds (continued)_ 

Climbing Wall Fund 

Other restricted funds 

This fund represents amounts raised during 2021 toward the cost of installing a new climbing wall at the Scout HQ and associated climbing equipment.  The remaining balance of the fund was utilised in 2022 to offset the depreciation charge for the wall and equipment, and this fund will now be closed. 

This includes grants and other donations received by the charity for specific purposes. The balance of £1,121 at 31 December 2022 represents a grant received from Tesco Community Grants for property improvements, which is expected to be spent during 2023.  In addition, this fund includes income and corresponding expense of £622 for a bucket collection undertaken during Nailsea Carnival in July 2022 expressly in aid of Bristol Mind (charity no. 1085171). 

_Analysis of net assets between funds_ 

|**General funds**<br>**£**<br>Tangible fixed assets<br>79,799<br>Cash at bank and in hand<br>20,795<br>Other net current assets/(liabilities)<br>3,133<br>Creditors due in more than one year<br>-<br>__________<br>**Total funds at 31 December 2022**<br>**103,727**<br>__________|**Designated**<br>**funds**<br>**£**<br>125,236<br>21,415<br>-<br>-<br>__________<br>**146,651**<br>__________|**Restricted**<br>**funds**<br>**£**<br>-<br>4,551<br>-<br>-<br>__________<br>**4,551**<br>__________|**Total**<br>**£**<br>**205,035**<br>**46,761**<br>**3,133**<br>**-**<br>__________<br>**254,929**<br>__________|
|---|---|---|---|



_Analysis of net assets between funds – previous year_ 

|**General funds**<br>**£**<br>Restated*<br>Tangible fixed assets<br>61,396<br>Cash at bank and in hand<br>39,124<br>Other net current assets/(liabilities)<br>5,020<br>Creditors due in more than one year<br>(17,200)<br>__________<br>Total funds at 31 December 2021<br>88,340<br>__________|**Designated**<br>**funds**<br>**£**<br>129,146<br>24,315<br>(69)<br>-<br>__________<br>153,392<br>__________|**Restricted**<br>**funds**<br>**£**<br>Restated*<br>-<br>3,633<br>-<br>-<br>__________<br>3,633<br>__________|**Total**<br>**£**<br>Restated*<br>190,542<br>67,072<br>4,951<br>(17,200)<br>__________<br>245,365<br>__________|
|---|---|---|---|



* _See note 18 for details of the restatement_ 

## **16. Related party transactions** 

During the year, the Trustees paid aggregate donations and membership fees to the group of £1,303 (2021: £905).  In addition, the group made purchases of badges and other printed material from Polar Products, a related party by virtue of the business being owned by a Trustee.  Total purchases in the year amounted to £989 (2021: £226).  The balance outstanding at the end of the year was £nil (2021: £nil). 

## **17. Post balance sheet events** 

There were no significant post balance sheet events. 

17 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Notes** _(continued)_ 

## **18. Prior year restatement** 

In the year ended 31 December 2021, the group recognised income of £15,026 related to a Gift Aid claim which was settled during the year by HMRC.  This Gift Aid receivable related to donations received in the year ended 31 December 2020 and earlier years.  As the group was entitled to claim Gift Aid on the donations as they were received, the corresponding Gift Aid income should have been recognised at the same time as the underlying donation, i.e. in those earlier years, rather than in the year ended 31 December 2021. 

In addition, in 2021 there were further amounts of Gift Aid to which the group was entitled, relating to donations received in 2020 and 2021, which had not previously been recognised in the financial statements. 

As a consequence of the above, the prior year comparatives have been restated as follows: 

- Opening funds at 1 January 2021 has been increased by £18,009, being Gift Aid claims of £15,026 previously recognised as income in 2021, but which should have been recognised as income in earlier years, and a further £2,983 which was previously unrecognised but related to donations received in 2020.  There is an equivalent increase in debtors at 1 January 2021. 

- Gift Aid income recognised in the SOFA during the year ended 31 December 2021 has been reduced by £10,435 to £4,591, representing Gift Aid receivable only on donations received during that year. 

- Debtors at 31 December 2021 has been increased by £7,574, being £2,983 of Gift Aid receivable relating to donations received in 2020, plus £4,591 receivable relating to donations received in 2021 (see above). 

The effect of this restatement on the statement of financial activities and the balance sheet is shown in the tables below. 

_Reconciliation of net movement in funds for the year ended 31 December 2021_ 

||**Unrestricted**|Effect of|**Unrestricted**|**Restricted**|**Total Funds**|
|---|---|---|---|---|---|
||**Funds 2021**|restatement|**Funds 2021**|**Funds 2021**|**2021**|
||**£**||**£**|**£**|**£**|
||As previously||Restated|As previously|Restated|
||reported|||reported||
|**Income:**||||||
|Gift Aid reclaimed|15,026|(10,435)|<br>4,591|-|4,591|
|Other income|46,878|-|<br>46,878|527|47,405|
||__________|__________|__________|__________|__________|
|**Total income for the year**|61,904|(10,435)|<br>51,469|527|51,996|
||__________|__________|__________|__________|__________|
|**Expenditure:**||||||
||__________|__________|__________|__________|__________|
|**Total expenditure for the year**|37,327|-|<br>37,327|11|37,338|
||__________|__________|__________|__________|__________|
|**Net income/(expenditure)**|24,577|(10,435)|<br>14,142|516|14,658|
|Transfers|313|-|<br>313|(313)|-|
||__________|__________|__________|__________|__________|
|**Net movement in funds**|24,890|(10,435)|<br>14,455|203|14,658|
||__________|__________|__________|__________|__________|
|**Reconciliation of funds**||||||
|Total funds brought forward|209,268|18,009|<br>227,277|3,430|230,707|
||__________|__________|__________|__________|__________|
|**Total funds carried forward**|234,158|7,574|<br>241,732|3,633|245,365|



__________ __________ __________ __________ __________ 

18 



**1[st] Nailsea Scouts** Trustees’ Report and Financial Statements Year ended 31 December 2022 

## **Notes** _(continued)_ 

_Reconciliation of balance sheet as at 31 December 2021_ 

|**Fixed assets**<br>Tangible fixed assets<br>**Current assets**<br>Debtors<br>Cash at bank and in hand<br>**Liabilities**<br>**Creditors:**amounts falling due within one year<br>**Creditors:**amounts falling due after more than<br>one year<br>**Net assets**<br>**Funds**<br>Unrestricted funds<br>Restricted funds<br>**Total funds**<br>_Reconciliation of balance sheet as at 1 January 2021_<br>**Fixed assets**<br>Tangible fixed assets<br>**Current assets**<br>Debtors<br>Cash at bank and in hand<br>**Liabilities**<br>**Creditors:**amounts falling due within one year<br>**Creditors:**amounts falling due after more than<br>one year<br>**Net assets**<br>**Funds**<br>Unrestricted funds<br>Restricted funds<br>**Total funds**|**31 Dec 2021**<br>**£**<br>As previously<br>reported<br>190,542<br>1,050<br>67,072<br>(3,673)<br>(17,200)<br>__________<br>237,791<br>__________<br>234,158<br>3,633<br>__________<br>237,791<br>__________<br>**1 Jan 2021**<br>**£**<br>As previously<br>reported<br>186,824<br>143<br>61,868<br>(10,337)<br>(25,800)<br>__________<br>212,698<br>__________<br>209,268<br>3,430<br>__________<br>212,698<br>__________|<br>|Effect of<br>restatement<br>£<br>**-**<br>7,574<br>**-**<br>**-**<br>**-**<br>__________<br>7,574<br>__________<br>7,574<br>**-**<br>__________<br>7,574<br>__________<br>Effect of<br>restatement<br>£<br>**-**<br>18,009<br>**-**<br>**-**<br>**-**<br>__________<br>18,009<br>__________<br>18,009<br>**-**<br>__________<br>18,009<br>__________|**31 Dec 2021**<br>**£**<br>Restated<br>190,542<br>8,624<br>67,072<br>(3,673)<br>(17,200)<br>__________<br>245,365<br>__________<br>241,732<br>3,633<br>__________<br>245,365<br>__________<br>**1 Jan 2021**<br>**£**<br>Restated<br>186,824<br>18,152<br>61,868<br>(10,337)<br>(25,800)<br>__________<br>230,707<br>__________<br>227,277<br>3,430<br>__________<br>230,707<br>__________|
|---|---|---|---|---|
|||<br> <br>|||
||||||



19