1[st] Midsomer Norton Scout Group
NDEX TO THE TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |
|---|---|
| Trustees' Annual Report | 2 - 5 |
| Independent Examiners Report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 11 |
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1[st] Midsomer Norton Scout Group
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their report together with financial statements for the year ended 31 March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees
Company Secretary
Registered Office
Independent Examiner Zoe Netherway MAAT ATT
Bankers
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document -
Directors and Trustees -
Risk Management policy -
Public Benefit-
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1[st] Midsomer Norton Scout Group
TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
VISION AND AIMS
ACHIEVEMENTS DURING THE YEAR
FINANCIAL REVIEW
Reserves policy
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1[st] Midsomer Norton Scout Group
TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
FUTURE PLANS
STATEMENT OF TRUSTEE RESPONSIBILITIES
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1[st] Midsomer Norton Scout Group
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
INDEPENDENT EXAMINER
Zoe Netherway has kindly offered her services for this financial year for free and was duly appointed as our Independent Examiner.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the special provisions for small companies under Section 415a of the Companies Act 2006.
Approved by the Trustees at their meeting on and signed on their behalf by
Chairman
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1[st] Midsomer Norton Scout Group
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE 1[st] MIDSOMER NORTON SCOUT GROUP FOR THE YEAR ENDED 31 MARCH 2024
I report on the accounts of the Trust for the year ended 31 March 2023 set out on pages 7 to 11.
Respective responsibilities of Trustees and Examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of The Chartered Institute of Management Accountants.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5b) of the 2011 Act; and to state whether particular matters have come to my attention.
Basis of Independent Examiner’s statement
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent Examiner's statement
In connection with my examination, no matter has come to my attention,
(1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 386 &387 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 394 & 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Zoe Netherway - Zoe Netherway MAAT ATT
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1[st] Midsomer Norton Scout Group
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
(incorporating Income and Expenditure Account for the year)
| Note | 2023-24 | 2023-24 | 2022-23 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| £ | £ | £ | £ | |||
| Incoming Resources | ||||||
| Voluntary income: | ||||||
| Donations and grants | 1 | 38765 | 0 | 38765 | 21056 | |
| Bank interest | 747 | 0 | 747 | 321 | ||
| From charitable activities: | ||||||
| Fundraising | 2115 | 0 | 2115 | 1207 | ||
| Total incoming resources | 41627 | 0 | 41627 | 22584 | ||
| Resources Expended | ||||||
| Costs of charitable activities | 2 | 47951 | 0 | 47951 | 28199 | |
| Governance costs | 3 | 0 | 0 | 0 | 0 | |
| Total resources expended | 47951 | 0 | 47951 | 28199 | ||
| Net outgoing resources | -6324 | 0 | -6324 | -5615 | ||
| Funds brought forward | 25667 | 0 | 25667 | 31282 | ||
| Funds carried forward | 19343 | 0 | 19343 | 25667 |
The above results relate wholly to continuing activities.
There were no recognised gains or losses other than those included above.
The statement of financial activities also complies with the requirement to prepare an income and expenditure account
contained in the Companies Act 2006.
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1[st] Midsomer Norton Scout Group
BALANCE SHEET AS AT 31 MARCH 2024
| Note Fixed Assets 4 Current Assets Debtors and prepayments 6 Bank balances Current Liabilities Creditors due within one year 7 Other creditors and accruals Funds carried forward Fund Balances |
2023-24 2022-23 Unrestricted Restricted Total Total £ £ £ £ 48044 0 48044 50458 272 0 272 58 58625 0 58625 62721 |
|---|---|
| 58897 0 58897 62779 951 0 951 4516 3957 0 3957 453 |
|
| 102033 0 102033 108268 |
|
| 102033 0 102033 108268 |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies’ regime within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008)
For the year ended 31 March 2024, the charitable company is entitled to exemption from the requirement to have an audit under the provisions of Section 477 of the Companies Act 2006 and no notice has been deposited with the charitable company under section 476 of that Act requiring an audit to be carried out.
The directors acknowledge their responsibilities for (i) ensuring the charitable company keeps accounting records which comply with the Companies Act 2006; and (ii) preparing financial statements which give a true and fair view of the state of affairs of the charitable company at the end of the financial period and of its incoming resources and applications of resources for the period, in accordance with the requirements of the Companies Act 2006, and which otherwise comply with the requirements of that Act relating to accounts so far as they are applicable to the charitable company.
These financial statements were approved by the Trustees at their meeting held on xxxxxxxx and were signed on their behalf by:
_________ Chairman
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1[st] Midsomer Norton Scout Group
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. PRINCIPAL ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), the Companies Act 2006, the Charities Act 2011 and the requirements of the Statement of Recommended Practice: "Accounting and Reporting by Charities" (SORP FRSSE 2015).
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the period.
Tangible Fixed Assets - Tangible fixed assets are capitalised and included at cost, together with any incidental expenses of acquisition. Depreciation is calculated so as to write off the cost of tangible fixed assets over their expected useful economic lives. The principal rates used are:
Freehold property over 50 years Equipment 25% reducing balance Motor vehicles 25% straight line
Incoming resources - all incoming resources are included in the statement of financial activities when the Trust is entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended - Expenditure is recognised on an accrual 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:
Fund Accounting - Restricted Funds are held to be used for specified purposes, as indicated by the donors. General Funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Trust.
Taxation - The Trust is a registered charity and as such tax exemption applies to the income arising from and expended on charitable activities and to its investment income and gains.
.
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1[st] Midsomer Norton Scout Group
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| 1. Voluntary Income - Donations & Grants Private Donations (including Gift Aid) Trusts 2. Charitable Expenditure Direct Costs: Minibus, insurance, cleaning, rent etc Administration Costs Post, Stationary & Office Expenses Repairs Sundry Expenses 3. Governance Costs Independent Examiner Fee 4. Tangible Fixed Assets Cost as at 1st April 2023 Disposal in year Cost as at 31stMarch 2024 Depreciation as at 1st April 2023 Charge for Year Elimination on disposal Depreciation as at 31stMarch 2024 NBV 31.03.2024 NBV 31.03.2023 |
2023-24 Unrestricted Restricted £ £ 38765 |
2023-24 Unrestricted Restricted £ £ 38765 |
2022-23 Total £ 21056 |
||
|---|---|---|---|---|---|
| Total | |||||
| £ | |||||
| 38765 | |||||
| 38765 | 38765 | 21056 | |||
| 18355 | 26742 | ||||
| 18355 | |||||
| 18355 | 18355 | 26742 | |||
| 808 28525 263 |
1126 0 331 |
||||
| 808 28525 |
|||||
| 263 | |||||
| 29596 | 29596 | 1457 | |||
| 47951 | 47951 | 28199 | |||
| 0 | 0 | ||||
| 0 | |||||
| Freehold Property 120000 0 120000 69600 2400 0 72000 48000 50400 |
Equipment 47375 0 47375 47317 15 0 47332 44 58 |
Motor Vehicles 9312 -2500 6812 9312 0 -2500 6812 0 0 |
Total 176687 -2500 174187 123810 2415 -2500 126144 48044 50458 |
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1[st] Midsomer Norton Scout Group
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
5. Investments
There are no applicable investments
6. Debtors: All falling due within one year
| Debtors Prepayments reditors: All falling due within one year Creditors Accruals |
2023-24 2022-23 Unrestricted Restricted Total Total £ £ £ £ 272 272 453 0 0 0 |
|---|---|
| 272 272 453 |
|
| 2022-23 2021-22 Unrestricted Restricted Total Total £ £ £ £ 951 951 4516 3957 3957 453 |
|
| 4908 4908 4969 |
7. Creditors: All falling due within one year
8. Restricted Funds
There were no restricted funds in the year
9. Capital Commitments and Contingent Liabilities
There were not capital commitments or contingent liabilities as at 31 March 2024 (2023 - none)
10. Trustee remuneration and expenses
The Trustees did not receive any remuneration from the Trust (2023 - nil) or reimbursement for expenses incurred on behalf of the Trust (2023 - nil)
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