Charity registration number.. 305634 Somerset County Scout Council Unaudited Annual Report and Financial Statements for the trear Ended 31 March 2025 acm acmole
Somerset County Scout Council Contents Reference and Administrative Details Trustees. Report 2to5 Independent Examiner's Report Statement of Financial Activities 7t08 Balance Sheet Notes to the Financial Statements 10t021
Somerset County Scout Council Report of the Trustees for the year ended 31 March 2025 The Trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities: statement of Recommended Practice applicable to charities preparing their accounls 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 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 work in which we live. Belief - we explore our faiths, beliefs and attitudes. cOperatIon - We make a positive difference. we co-operate 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 activits-es make and live by their Promise. Public Benefft The Somerset County Scout Council meets the Charity Commission's public benefrt criteria under both the advancement of education and advancement of citizenship or community development headings. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. Page 1
Somerset County S¢out Council Report of the Trustees for the year ended 31 March 2025 ACHIEVEMENT AND PERFORMANCE Charltable actlvlties County Lead Volunteer's Report Introduction As we approach the end of another year, it is an opportune moment to reflect on the vibrant and enriching programmes that have ensured Scouting in Somerset continues to thrive. The autumn of 2024 marked the introduction of our new Chief Scout, Dwayne Fields, whose leadership has already begun to shape our journey. Towards the close of 2024, we also saw the launch of a new adult membership system, representing a significant change in how we support our volunteers. Amidst these developments, we faced the challenge of ensuring all our adult volunteers remained up to date and compliant with their Safeguarding and Safety training. Despite these changes and challenges, our dedicated volunteers have continued to deliver hundreds of hours of youth-facing meetings, activities, and adventurous experiences, demonstrating unwavering commitment to the young people of Somerset. Membership This year, The Scout Association (TSA) implemented a major transformation project with the aim of making volunteering more accessible and straightforward. The overhaul included streamlining roles and titles, making them easier to understand and navigate. Our Trustee Boards embraced these new structures, further enhancing the governance of our activities across Somerset. A key aspect of this transformation was the replacement of the adult membership system, which was introduced in November 2024. While these changes did not affect the way we deliver weekly meetings and activities for our young members, they did bring considerable upheaval for those managing our Groups and Districts. I would like to extend my sincere gratitude to all our volunteers for their pats'ence and hard work as they adapted to these changes. Growth Membership data for Somerset indicates numbers have remained relatively stable for Beavers, Cubs, and Scouts, with a steady increase in the number of Explorers. This reflects the national trend of recovery and moderate growth within the movement. Of particular note is the ongoing rise in interest in our youngest section, Squirrels, with more Dreys opening throughout the year. Overall, the data demonstrates positive growth and stability, mirroring natlonal patterns of recovery and increased participation in Scouting activities. Although we have regrettably seen some section closures due to a shortage of adult volunteers, the total number of youth sections has grown. We remain vigilant for opportunities to expand into areas that currently lack Scout groups or are missing certain sections, and we have plans to open or reintroduce sections across all age ranges in the coming year. Compliance Following a tragic incident elsewhere in the UK, TSA has reinforced the importance of keeping our young people safe at all times. New national guidelines and systems have been introduced to ensure that all adult members, where required, stay current with their safety and safeguarding training. Somerset has responded proactively to these requirements, achieving high levels of compliance across all areas. We continue to invest in accessible first aid training through an external provider, funded by the Scout County. This ensuTrs our volunteers continue to possess the necessary skills to support our members safely and effectively. Adventure Our District and County teams have worked tirelessly to organise camps and activities that enrich our Scouting programme. We are immensely grateful for the dedication and hard work of our adult volunteers, whose efforts make these opportunities possible. These events provide our youth members with invaluable skills and experiences, offering safe and supportive environments in which young people can grow and thrive. Conclusion As with previous years, we have faced the challenges of change and transformation head-on, remaining steadfast in our commitsnent to providing safe, positive experiences for all our members. Page 2
Somerset County Scout Council Report of the Trustees for the year ended 31 March 2025 FINANCIAL REVIEW Financial position Treasurer's Report The County Scout Council's principal source of income in FY2025 was the membership charge levied on each young person who is a member of Scouting in the county. In the financial year to 31$1 March 2025 {"FY2025") these fees totalled £83,596 (FY2024'. £58,232>. bolstered by an increase in the Fee per member from £14.50 to £15.50, and a 2.4°h rise in membership to 4,103. Total income for the year was £152,399 (FY2024.' £464,684), with total expenditure of £129,142 (FY2024.' £432,651). In addition, there was an increase in the value of investments of £3,780 (FY2024: £4,491) resulting in a net movement in funds of £27,037 (FY2024: £36,524), reflecting a continued sound financial position and effective control of costs. The main reason for the redUd income and expenditure in FY2025 is the absence of major events taking place in the last financial year, whereas in FY2024 we had the World Scout Jamboree, a trip to visit missions in Kenya, and a Ski trip. However, core operations remain stable. In the financial year FY2026 another Ski trip is scheduled, so we would expect to see both income and expenditure increase again. As of 31st March 2025, the Scout Council held £154.258 of net current assets (FY2024'. £127,206). Of the total net assets, £56,653 has been designated as follows". £32,898 for Horner Woods. £14,755 for Tangier,. (Homer Woods and Tangier are both Scouting facilities leased and operated by the Counly Scout Council). £9,000 to subsidise Jamboree and other expedition participation by Somerset Scouts. In addition, a further £1,566 was restricted and must be used in support of County Scout missions In Kenya, in accordance donors, wishes. The Council's reseNes policy is to maintain sufficient liquid funds to support core activities for a period of at least 12 months. in the event of a shortfall in income or fundraising. At present, the Council's reserves comfortably meet the 12-month requirement, ensuring ongoing financial stability. These assets are held across a mix of bank and building society accounts, along with a minority of reserves (£64,000, representing about 420/0 of net current assets) invested in low-risk, ethically screened equity investments, in line with the Scout Council's investment policy. Given the strong state of the County Scout Council's reserves. the Trustees made the decision to hold the County Fee for FY2026 at the FY2025 level, that is £15.50 per member per year. The Council remains in a stable financlal position and is well placed to support the delivery of Scouting across Somerset in the year ahead. Neil Truby County Treasurer STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document Somerset County Scout Council's governing documents are those of The Scout Association. They consist of a Royal Charter, which in tum gives authority to the Bye Laws of the Association and The Policy, Organisation and Rules of The Scout Association. How the charity is constituted Somerset County Scout Council is a trust established under its rules which are common to all Scouts. Recruitment and appointment of new trustees The Trustees are appointed in accordance with the policy, organisation and rules of The Scout Association. Page 3
Somerset County Scout Council Report of the Trustees for the year ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 305634 Principal Address Tangier Scout & Guide Centre Castle Street Taunton Somerset TA14AS Officers President Vacant Vice Presidonts Bruce Poole Elizabeth Gass Ex-officio Dawn Wilson, County Lead Volunteer Amelia Foster, County Youth Lead (from November 2024) Appointed Adrian Ashford, Chair of Trustee Board Neil Truby, County Treasurer Simon Lacey Until 2027 Richard Marlow Until 2027 Lawrence Wilson Until 2027 stephen Sharp Until 2027 John Lewis Until 2027 Tricia Sedgbeer Until 2027 Scarlett Atherton Until 2027 Note.. Somerset County Scouts adopted the structure and trustee selection methods as published in the Policy and Organisation Rules of The Scout Association. (March 2024) Independent Examiner Sarah Twist FCA DChA AC Mole LLP Stafford House Blackbrook Park Avenue Taunton TA12PX Bankers Lloyds Bank plc, Taunton The Scout Association Number 151 CUSTODIAN TRUSTEES Scout Association Trust Corporation The land and buildings are held in the name of the Custodian Trustees. Page 4
Somerset County Scout Council Report of the Trustees for the year ended 31 March 2025 Statement of Trustees, Responsibilities in respect of the accounts The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements the trustees are required to-. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent", State whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements, and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustee5 are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports} Regulations 2008 and the provisions of the governing document. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the charity and financlal information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the order of the board of trustees on and signed on its behalf by.. Jgli(, Adrian Ashford- Chair of Board of Trustees Page 5
Somerset County Scout Council Independent Examlner's Report to tho trustees of Somerset County Scout Council I report to the trustees on my examination of the accounts of Somerset County Scout Council for the year ended 31 March 2025, which are set out on pages 7 to 21. Responsibilities and basis of report As the charity trustees of Somerset County Scout Council 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 Somerset County Scout Council's 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 14515){b) of the Act. Independent oxaminar'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 Somerset County Scout Council 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 accounting 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. Sarah Twist FCA DChA AC Mole LLP Stafford House Blackbrook Park Avenue Taunton TA12PX Date.. Page 6
Somerset County Scout Council Statement of Flnanclal Activitios for the Yoar Ended 31 March 2025 Unrestrlcted funds Deslgnated funds Restrlcted funds Total 2025 Note Income Donations and legacies Charitable activities Investment income Other income 262 124,987 4,453 196 213 21,817 431 906 146,804 4.453 236 40 Total income 129,898 22,070 431 152,399 Expenditure Charitable activities 100,889 28,253 129,142 Total expenditure Gains on investment assets {100,889) 3,780 (28,253) (129,142) 3,780 Net income Gross transfers between funds 32,789 (6,183) 431 27,037 5,000 5.000 Net movement In funds 27,789 (1,183} 431 27,037 Raconclllatlon of funds Total funds brought forward 190,586 57,836 1,135 249,557 Total funds carried fOard 15 218,375 56,853 1,566 276 594 The notes on pages 10 to 21 form part of these financial statements. Page 7
Somerset County Scout Councll statement of Financial Activities for the Year Ended 31 March 2025 (continued) Unrestricted funds Designated funds Restricted funds Total 2024 Note Income Donations and legacies Charitable activities Investment income other income 19,104 387,634 4,069 199 19.104 441.312 4,069 199 36,100 17,578 Total income 411,006 36,100 17,578 464,684 Expenditure on: Charitable activities 394,485 21,723 16,443 432,651 Total expenditure Gains on investment assets {394,485) 4.491 <21,723) {16,443) {432,651) 4,491 Net income Gross transfers between funds 21,012 14,377 1,135 36,524 4,000 4,000 Net movement in funds 17.012 18,377 1,135 36,524 Reconclllatlon of funds Total funds brought forward Total funds carried foNard 15 173,574 39,459 213,033 190,586 57,836 1,135 249,557 The notes on pages 10 to 21 fom part of these financial statements. Page 8
Somerset County Scout Council {Reglstratlon number: 305634) Balanco Sheet as al 31 March 2025 2025 2024 Note Fixed assets Tangible assets Investments 11 12 54.601 67,735 58,396 63,955 122,336 122,351 Current assets Debtors Cash at bank and in hand 13 95,289 275,797 15,297 252,851 371,086 268.148 Credltors: Amounts falllng due wlthln ono year Net currant assets 14 216,828 140,942 154,258 127,206 Net assets 276,594 249,557 Funds of the charity". Unrestricted funds Restricted funds 275,028 1,566 248,422 1,135 Total funds 15 276,594 249,557 The f na cial statements on pages 7 to 21 were approved by the trustees, and authorised for issue on and signed on their behalf by.. Adrian Ashford - Chair Chairman and trustee Neil Truby- Treasurer Trustee The notes on pages 10 to 21 form part of these financial statements. Page 9
Somerset County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2025 1 Accounting policies statement of compliance and basis of preparation Somerset County Scout Council is a Trust established under the rules of the Scout Association and a registered charity in England and Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are to promote the development of young people in achieving their full physical, intellectual, social and spiritual potentials as individuals, as responsible citizens and as members of their local, national and international communities. The fi'nancial statements have been prepared under the historical cost convention wilh items regnised at cost or transaction value unless stated otherwise within these notes. 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) {issued October 2019) (Charities SORP {FRS 102)}, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), and the Charits'es Act 2011. Somerset County Scout Council meets the definition of a public benefit entity under FRS 102, The financial statements are present8d in sterling whlch is the functional currency of the charity and rounded to the nearest £. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income All income is recognised when the charity has entillement to the income, it Is probable that the income will be received and the amount can be measured with sufficient reliabillty. Voluntary income received by way of donations and gifts is recognised in the statement of financial activities in the period that they are received or where there is sufficient evidence that it is probably that the donation or legacy will be received. Income from government and other grdnts whether "capital grants or revenue" grants are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probably that th8 income will be received and the amount can be measure reliably and is not deferred. Donated services and facilities are included at the value to the charity where this can be quantified. In accordance with the Statement of Recommended Practice the value of services provided by volunteers has not been recognised in the financial statements. Income from investments is included in the year in which it is receivable. 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 settlement is required and the amount can be measure 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 activit18s on a basis consistent with the use of resources. Page 10
Somerset County Scout Council Notes to the Financial Statements for the Year Ended 31 Pjlarch 2025 (continued) Charltable actlvltles Events will be accounted for in the year that the event actually occurs. Income received in advance will be included within deferred income and expenses incurred in advance will be included within accrued expenses. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. Taxatlon The charity is a registered charity and is, therefore, exempt from liability to taxation on its income and capital gains, to the extent that they are applied for charitable purposes. VAT The charity is not registered for VAT. All income and expenditure is stated inclusive of VAT. Irrecoverable VAT is charged against the expenditure heading for which it was incurred. Tanglble flxod assets Individual fixed assets are initially recorded at cost. Depreciation and amortisation Depreciation is provided on tsngible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows- Asset clas8 Freehold propety Short leasehold Equipment, fixtures and fittings Depreclatlon method and rate 10 % on reducing balance 100h on reducing balance 109/0 - 20 /0 reducing balance Flxed asset Inv6Stments Listed investments Listed investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at fair value at the balance sheet date using the closing quoted market price. The Ststement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the period. The Trust does not acquire or use put options, derivatives or other complex financial instruments. Realised gains and losses All gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investments are calculated as the difference beeen sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference beeen the fair value at the peri¢xI end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 11
Somerset County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in fvrtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Operating leases Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged in the Statement of Financial Activities on a straight line basis over the lease term. Flnancial instruments Classiflcatlon The charity only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors together with loans to related parties. Debt instruments, such as trade debtors and creditors, are initially measured at transaction price and subsequently measured at amortised cost. Financial assets are assessed at the end of each reporting period for objective evidence of impainnent. If objective evidence of impairment is found, an impairment loss is recognised in the income statement. Crltlcal Accountlng Estimatos and Judgements The preparation of the financial statements in confomity with FRS 102 requires management to make judgements, estimates and assumptions that affect the applicats'on of policies and reported amounts of assets and liabilities, income, and expenses. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The charity makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The Trustees consider that there are no critical accounting estimates and judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. Page 12
Somerset County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2025 lcontinuedl 2 Income from donations and legacies Unrestricted funds Designated funds Restricted funds Total 2025 Donations and legacies" Other Donations 262 213 431 906 262 213 431 906 Unrestricled funds Designated funds Restricted funds Total 2024 Donations and legacies- Donation from Tangier Management Committee other Donations 18,733 371 18,733 371 19,104 19,104 There were no unfulfilled conditions or other contingencies attached to these donations. Page 13
Somerset County Scout Councll Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 3 Income from charitable activities Unrestricted funds Designated funds Restricted funds Total 2025 Events Lettings and Rentals Membership subscriptions Subscriptions payable to UK Scout Association. 61,391 61,391 21,817 217,459 21,817 217,459 153,863) 124,987 153,863 21,817 146,804 Unrestricted funds Designated funds Restricted funds Total 2024 Events Lettings and Rentals Membership subscriptions Subscripts'ons payable to UK Scout Association. 312,636 16,766 200,800 36,100 17,578 366,314 16,766 200,800 142,568 142,568 441,312 387,634 36,100 17,578 Membership subscriptions are collected from each Scout District in Somerset on behalf of the UK Scout Association. The financial year 2024 recognised revenue for several large international events which took place during the year.. the World Scout Jamboree, Project Kenya, and a Ski trip to Italy. Fewer events took place during 2025, these included the Roverway and the Somerset Explorer Belt, which explains the wide disparity in Events income beeen the hvo years. Page 14
Somerset County Scout Council Notes to the Flnanclal Statements for the Year Ended 31 March 2025 {contlnued) 4 Investment income Unrestricted funds Designated funds Restrict8d funds Total 2025 Deposit account interest 4,453 4,453 Unrestricted funds Designaled funds Restricted funds Total 2024 Deposit account interest 4,069 4,069 4,069 5 Expenditure on charitable activities Unrestrlcted funds Designatod funds Restricted funds Total 2025 Direct costs Allocated support costs 97,853 3,036 28,253 126,106 3,036 100,889 28,253 129,142 Unrestrlcted funds Deslgnatod funds Restricted funds Total 2024 Direct costs Allocated support costs 391,733 2,752 21,723 16,443 429,899 2,752 394,485 21,723 16,443 432,651 The financial year 2024 recognised revenue for several large international events which took place during the year., The World Scout Jamboree, Project Kenya.and a Ski trip to Italy. No such events have taken place in 2025, which explains the wide disparity in Direct costs beleen the two years. Page 15
Somerset County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 6 Net incomel{expenditure) Net income for the year includes.. 2025 2024 Depreciation of fixed assets 5,706 6,331 7 Trustees remuneration and expenses Expenses (other than direct reimbursements of costs) totalling £3,184 (2024.. £2,252) were paid to 6 Trustees12024.. 3) during the year. At the year end there was £Nil (2024.. £80) due from no Trustees (2024.. 0) arising from overpayment of expenses. During the year it was identified that certain items were omitted from trustee reimbursement for 2024. The comparative figure in this note has therefore been updated accordingly. Key Management Personnel The key management personnel of the charty are the board of Trustees. No remuneration was paid to the key management in the year (2024.. Nil). 9 Wago8 and Salarlos The average number of staff employed during the year was 1 (2024.. 1). 2025 2024 Wages and salaries 4,769 2,560 No employee received emoluments of more than £60,000 during the year (2024.. none). 10 Independent examinerfs remuneration 2025 2024 Examination of the financial statements All other seNices 2,580 456 2,332 420 3,036 2.752 Page 16
SomerJet County Scout Council Notes to the Financial Statements for the Year Ended 31 March 20251continued 11 Tanglble flxed assets Equipment, Fixtures and Fittings Freehold Property Total Cost At 1 April 2024 Additions 91,537 94,233 1,911 185,770 1,911 At 31 March 2025 91,537 96,144 187,681 Depreclation At 1 April 2024 Charge for the year At 31 March 2025 51,255 2,972 76,119 2,734 127,374 5.706 54,227 78,853 133,080 Net book value At 31 March 2025 37,310 17,291 54.601 At 31 March 2024 40,282 18,114 58,396 Included in cost or valuation of land and buildings is freehold land of £10.561 {2024.' £10,561) which is not depreciated. 12 Fixed asset investments Listed Investmonts 2025 2024 Cost or Valuatlon At 1 April Revaluation Additions 63,955 3,780 51,464 4,491 8,000 At 31 March 67,735 63,955 Other Investments - Tangier Scout and Guide Centre Somerset County Scout Council forrnerly had a tri-party agreement in relation to the Tangier Scout and Guide Centre, with the local Scout District and the Guide divisions. Each paty held a one third share in the Centre. The share held by the Scout Council was accounted for as a fixed asset investment and recorded at cost of Nil. In September 2023, the Tangier Management Committee disbanded and all assets and liabilities were transferred, without restriction, to Somerset County Scouts. This transfer was recognised as a donation in income and is disctosed in note 2. Page 17
Somerset County Scout Coun¢ll Notes to the Financial Statements for the Year Ended 31 March 20251continued) 13 Debtors 2025 2024 Trade debtors Prepayments Other debtors 2,223 93,066 5,955 9.260 82 14 Creditors: amounts falling due within one year 2025 2024 Other creditors Subscriptions in advance Other taxation and social security Accruals and deferred income 76,084 113,936 10 26,798 9,127 96,050 20 35,745 216 828 140 942 2025 deferred income relates to income received for Ski 2026, this event is scheduled to be held after the end of the accounting year. 2024 deferred income relates to income received for Roverway and the Somerset Explorer Belt, these events took place during 2025, and these surns have been recognised as revenue. Page 18
Somerset County Scout Council Notes to the Flnanclal Statements for the Year Ended 31 March 20251¢ontlnued) 15 Funds Balance at31 March 2026 Balance at 1 April 2024 Gains and Losses Income Expendlture Transfers Unrestricted funds General fund 190,586 129,898 100,889 5.000 3,780 218.375 Designated funds Horner Woods Intemational Fund Tangier Designated funds Total unrestricted funds 33,700 4,000 20,136 11.584 (12,386) 32,898 9,000 14,755 5,000 15,867 57,836 22,070 28,253 5,000 56,653 248,422 151,968 (129,142) 3,780 275,028 Restricted funds Project Kenya 1,135 431 1,566 Total funds 249,557 152,399 129,142 3,780 276,594 Page 19
Somerset County Scout Council Notes to the Flnancial Statements for the Year Ended 31 March 2025 {contlnued) Balance at 1 April 2023 Balance at 31 March 2024 Gains and Losses Income Expenditure Transfers Unr8strlcted funds General fund 173,574 411.006 {394,485) (4,000) 4,491 190,586 Designated funds Horner Woods International Fund Tangier 39,459 6,462 (12,221) 33,700 4,000 20,136 4,000 29,638 9,502 Designated funds 39,459 36,100 21,723 4,000 57,836 Total unrestrlcted funds 213,033 447,106 (416,208) 4,491 248,422 Restrlcted funds Project Kenya 17,578 16,443 1.135 Total fund8 213,033 464,684 432,651 4,491 249,557 The specific purposes for which the funds are to be applied are as follows.. Horner Woods is a campsite near Minehead, Somerset, leased to Somerset County Scout Council from the National Trust: and let to Scout Groups, schools and other young people groups across the region. International fund the Country Scout Councll facilitates participation for its members attendance at large international events such as the World Scout Jamboree every 3 to 4 years, and sets aside monies to help members participation with the costs of registration etc. Tangier Scout and Guide Centre is a building in central Taunton leased by Somerset County Scout Council from Somerset Council, and used to provide a meeting place, activity centre, and shop facilities for Scouting and Girl Guiding across the region. Project Kenya A series of trips to Kenyan schools and missions, and associated fundraising activities, was held 2020-2023. One of the conditions of participalion in the trip was a donation to designated schools and missions in Kenya, and other voluntsry donations were also made. The Kenya restricted fund represents funds collected for the schools and rnissions but not yet distributed. Page 20
Somerset County Scout Council Notes to the Financlal Statements for the Year Ended 31 March 2025 (continued) 16 Analysis of net assets between funds Total funds at 31 March 2025 Unrestricted funds Designated funds Restricted funds Tangible fixed assets Fixed asset investments Current assets Current liabilities 54,601 67,735 311,412 {215,373 54,601 67,735 371,086 216,828 58,108 {1,455} 1,566 Total net assets 218,375 56,653 1,566 276,594 Total funds at 31 March 2024 Unrestricted funds Designated funds Restricted funds Tangible fixed assets Fixed asset investments Current assets Current liabilities 58,396 63,955 206,603 138,368 58,396 83,955 268,148 140.942 60,410 2,574 1.135 Total net assets 190,586 57 836 249,557 17 Rolated party transactions There were no related party transactions in the year (2024 - None). Page 21