REGISTERED CHARITY NUMBER: 305661
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
IPSWICH SCOUT DISTRICT LIASON COMMITTEE
IPSWICH SCOUT DISTRICT LIASON COMMITTEE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 |
IPSWICH SCOUT DISTRICT LIASON COMMITTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The main aim of the charity is to provide training and recreation for members of the Ipswich scout districts. The site is also available to all members of the scouting movement and other organisations and schools, including the disabled.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Covid 19 still affected the earlier part of last year, although Hallowtree income did increase by £22,077 to £40,750. We also received a grant of £24,657 compared with £28,400 in the previous year. Although there was no gang show in 2021, we did receive a donation of £15,582 from the Friends of Ipswich Gang Show. Our total expenses, including depreciation, were £56,141 compared with £96,525 in the previous year. The previous year included the new windows in the main building of £33,435.
The net result was therefore a surplus of £25,329 compared with a deficit of £48,559 in the previous year. Our bank balances have also increased by £46,544.
FINANCIAL REVIEW
Principal funding sources
The principal funding is from hire charges for the use of the site and facilities.
Reserves policy
The trustees will maintain sufficient reserves on general fund to maintain the site for at least one year in case of difficulties.
Other funds are set up to provide finance for the continuing improvement to site buildings and amenities.
FUTURE PLANS
The trustees are always looking for new ways to improve the site and raise the necessary funding.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
305661
Principal address
Hallowtree Scout Camp Site
Nacton Ipswich Suffolk IP10 0JP
Page 1
IPSWICH SCOUT DISTRICT LIASON COMMITTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
Trustees
G J Parker (appointed 31/12/21) M Agar K Barber (resigned 31/12/21)
Independent Examiner
Mrs S L Fayers Ballams Chartered Accountants Crane Court 302 London Road Ipswich Suffolk IP2 0AJ
Approved by order of the board of trustees on 20 July 2022 and signed on its behalf by:
M Agar - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF IPSWICH SCOUT DISTRICT LIASON COMMITTEE
Independent examiner's report to the trustees of Ipswich Scout District Liason Committee
I report to the charity trustees on my examination of the accounts of Ipswich Scout District Liason Committee (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Mrs S L Fayers Ballams Crane Court 302 London Road Ipswich IP2 0AJ
24 August 2022
Page 3
IPSWICH SCOUT DISTRICT LIASON COMMITTEE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 2021 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 80,989 Investment income 2 481 Total 81,470 EXPENDITURE ON Raising funds 56,141 NET INCOME/(EXPENDITURE) 25,329 RECONCILIATION OF FUNDS Total funds brought forward 459,611 TOTAL FUNDS CARRIED FORWARD 484,940 |
2020 Total funds £ 47,073 893 47,966 96,525 (48,559) 508,170 459,611 |
|---|---|
The notes form part of these financial statements
Page 4
IPSWICH SCOUT DISTRICT LIASON COMMITTEE
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021
| 2021 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 5 296,680 CURRENT ASSETS Debtors 6 6,793 Investments 7 4,313 Cash at bank 186,653 197,759 CREDITORS Amounts falling due within one year 8 (9,499) NET CURRENT ASSETS 188,260 TOTAL ASSETS LESS CURRENT LIABILITIES 484,940 NET ASSETS 484,940 FUNDS 9 Unrestricted funds 484,940 TOTAL FUNDS 484,940 |
2020 Total funds £ 318,565 6,752 4,313 140,109 151,174 (10,128) 141,046 459,611 459,611 459,611 459,611 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 20 July 2022 and were signed on its behalf by:
M Agar - Trustee
G J Parker - Trustee
The notes form part of these financial statements
Page 5
IPSWICH SCOUT DISTRICT LIASON COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost, 4% on cost and 2% on cost Fixtures and fittings - 25% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Government grants
Grants are accounted for using the accrual model.
Grants relating to revenue are recognised in the Statement of Income and Retained Earnings in the same period as the related costs for which the grant is intended to compensate. Where there are no related costs the grant is recognised in the period in which it becomes receivable.
Page 6
continued...
IPSWICH SCOUT DISTRICT LIASON COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES - continued
Government grants
Grants relating to assets are recognised in the Statement of Income and Retained Earnings over the expected useful life of the asset.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Deposit account interest | 481 | 893 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES |
|---|---|
| Unrestricted | |
| funds | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 47,073 |
| Investment income | 893 |
| Total | 47,966 |
| EXPENDITURE ON | |
| Raising funds | 96,525 |
| NET INCOME/(EXPENDITURE) | (48,559) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 508,170 |
| TOTAL FUNDS CARRIED | |
| FORWARD | 459,611 |
continued...
Page 7
IPSWICH SCOUT DISTRICT LIASON COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 5. TANGIBLE FIXED ASSETS Improvements to property £ COST At 1 January 2021 and 31 December 2021 670,712 DEPRECIATION At 1 January 2021 357,351 Charge for year 20,845 At 31 December 2021 378,196 NET BOOK VALUE At 31 December 2021 292,516 At 31 December 2020 313,361 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 7. CURRENT ASSET INVESTMENTS Listed investments |
Fixtures and fittings £ 52,472 47,268 1,040 48,308 4,164 5,204 2021 £ 6,793 2021 £ 4,313 |
Totals £ 723,184 |
Totals £ 723,184 |
|---|---|---|---|
| 404,619 21,885 |
|||
| 426,504 | |||
| 296,680 | |||
| 318,565 | |||
| 2020 £ 6,752 |
|||
| 2020 £ 4,313 |
continued...
Page 8
IPSWICH SCOUT DISTRICT LIASON COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 9. MOVEMENT IN FUNDS At 1.1.21 £ Unrestricted funds General fund 450,479 Gang Show Fund 6,436 Tree Fund 696 Activities Fund 2,000 459,611 TOTAL FUNDS 459,611 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 65,888 Gang Show Fund 15,582 81,470 TOTAL FUNDS 81,470 |
2021 2020 £ £ 9,499 10,128 Net movement At in funds 31.12.21 £ £ 9,747 460,226 15,582 22,018 - 696 - 2,000 25,329 484,940 25,329 484,940 Resources Movement expended in funds £ £ (56,141) 9,747 - 15,582 (56,141) 25,329 (56,141) 25,329 |
|---|---|
continued...
Page 9
IPSWICH SCOUT DISTRICT LIASON COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Building Maintenance Fund Gang Show Fund Tree Fund Activities Fund TOTAL FUNDS Comparative net movement in funds, included Unrestricted funds General fund Building Maintenance Fund Gang Show Fund TOTAL FUNDS |
Net movement At 1.1.20 in funds £ £ 463,971 (11,645) 31,588 (33,435) 9,915 (3,479) 696 - 2,000 - 508,170 (48,559) 508,170 (48,559) in the above are as follows: Incoming resources £ 47,966 - - 47,966 47,966 |
Transfers between At funds 31.12.20 £ £ (1,847) 450,479 1,847 - - 6,436 - 696 - 2,000 - 459,611 - 459,611 Resources Movement expended in funds £ £ (59,611) (11,645) (33,435) (33,435) (3,479) (3,479) (96,525) (48,559) (96,525) (48,559) |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Building Maintenance Fund Gang Show Fund Tree Fund Activities Fund TOTAL FUNDS |
At 1.1.20 £ 463,971 31,588 9,915 696 2,000 508,170 508,170 |
Net movement in funds £ (1,898) (33,435) 12,103 - - (23,230) (23,230) |
Transfers between funds £ (1,847) 1,847 - - - - - |
At 31.12.21 £ 460,226 - 22,018 696 2,000 |
|---|---|---|---|---|
| 484,940 | ||||
| 484,940 |
continued...
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IPSWICH SCOUT DISTRICT LIASON COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 113,854 | (115,752) | (1,898) |
| Building Maintenance Fund | - | (33,435) | (33,435) |
| Gang Show Fund | 15,582 | (3,479) | 12,103 |
| 129,436 | (152,666) | (23,230) | |
| TOTAL FUNDS | 129,436 | (152,666) | (23,230) |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 11
IPSWICH SCOUT DISTRICT LIASON COMMITTEE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| INCOME AND ENDOWMENTS Donations and legacies Contributions for use of facilities Gang show income Grants Investment income Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Repairs and Maintenance Gang Show Expenses Depreciation of tangible fixed assets Total resources expended Net income/(expenditure) |
2021 £ 40,750 15,582 24,657 80,989 481 81,470 1,379 7,418 8,131 1,495 148 3,025 12,660 - 21,885 56,141 56,141 25,329 |
2020 £ 18,673 - 28,400 47,073 893 47,966 3,167 8,393 10,411 1,798 168 2,167 44,363 3,479 22,579 96,525 96,525 (48,559) |
|---|---|---|
This page does not form part of the statutory financial statements
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