## **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| 1 | P a g e ## **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-** 2 | P a g e ## **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** 3 | P a g e ## **1[st] Midsomer Norton Scout Group** **TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024** **FUTURE PLANS** **STATEMENT OF TRUSTEE RESPONSIBILITIES** 4 | P a g e ## **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 5 | P a g e ## **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 6 | P a g e ## **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. 7 | P a g e ## **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 8 | P a g e ## **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. . 9 | P a g e ## **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| 10 | P a g e ## **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) 11 | P a g e