REGISTERED CHARITY NUMBER: 305661
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2022 for Ipswich Scout District Liason Committee
Ipswich Scout District Liason Committee
Contents of the Financial Statements for the Year Ended 31 December 2022
| 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 10 |
| Detailed Statement of Financial Activities | 11 |
Ipswich Scout District Liason Committee
Report of the Trustees
for the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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
Hallowtree has fully recovered from the effects of covid with a total income of £83,774, which was just shy of the record year of £84,919 in 2019.
Total income including the gang show was £98,600 and total expenditure, including gang show and depreciation, was £133,700, leaving a deficit for the year of £35,100. Expenditure was over £50,000 higher than normal because of the upgrading of activities, in particular the assault course and the shooting area, and the site electrics. Our bank balances at the end of the year stood at £173,535, a decrease from the previous year of £13,118.
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
Trustees
G J L Parker M R Agar
Page 1
Ipswich Scout District Liason Committee
Report of the Trustees
for the Year Ended 31 December 2022
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner
M K Howes FCCA ACA Ballams Chartered Accountants Crane Court 302 London Road Ipswich Suffolk IP2 0AJ
Approved by order of the board of trustees on 14 June 2023 and signed on its behalf by:
M R 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 2022.
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
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the accounts do not accord with those records; or
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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.
M K Howes FCCA ACA
Ballams Chartered Accountants Crane Court 302 London Road Ipswich IP2 0AJ
12 July 2023
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Ipswich Scout District Liason Committee
Statement of Financial Activities for the Year Ended 31 December 2022
| 2022 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 97,502 Investment income 2 1,098 Total 98,600 EXPENDITURE ON Raising funds 133,700 NET INCOME/(EXPENDITURE) (35,100) RECONCILIATION OF FUNDS Total funds brought forward 484,940 TOTAL FUNDS CARRIED FORWARD 449,840 |
2021 Total funds £ 80,989 481 81,470 56,141 25,329 459,611 484,940 |
|---|---|
The notes form part of these financial statements
Page 4
Ipswich Scout District Liason Committee
Statement of Financial Position 31 December 2022
| 2022 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 5 275,002 CURRENT ASSETS Debtors 6 8,124 Investments 7 4,313 Cash at bank 173,535 185,972 CREDITORS Amounts falling due within one year 8 (11,134) NET CURRENT ASSETS 174,838 TOTAL ASSETS LESS CURRENT LIABILITIES 449,840 NET ASSETS 449,840 FUNDS 9 Unrestricted funds 449,840 TOTAL FUNDS 449,840 |
2021 Total funds £ 296,680 6,793 4,313 186,653 197,759 (9,499) 188,260 484,940 484,940 484,940 484,940 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 14 June 2023 and were signed on its behalf by:
M R Agar - Trustee
G J L 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 2022
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% straight line on buildings 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.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Deposit account interest | 1,098 | 481 |
continued...
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Ipswich Scout District Liason Committee
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. TANGIBLE FIXED ASSETS Improvements to property £ COST At 1 January 2022 and 31 December 2022 670,712 DEPRECIATION At 1 January 2022 378,196 Charge for year 20,845 At 31 December 2022 399,041 NET BOOK VALUE At 31 December 2022 271,671 At 31 December 2021 292,516 |
Unrestricted funds £ 80,989 481 81,470 56,141 25,329 459,611 484,940 Fixtures and fittings Totals £ £ 52,472 723,184 48,308 426,504 833 21,678 49,141 448,182 3,331 275,002 4,164 296,680 |
|---|---|
continued...
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Ipswich Scout District Liason Committee
| Notes to the Financial Statements- continued for the Year Ended 31 December 2022 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 7. CURRENT ASSET INVESTMENTS Listed investments 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 9. MOVEMENT IN FUNDS Net movement At 1.1.22 in funds £ £ Unrestricted funds General fund 460,226 (36,246) Building Maintenance Fund - - Gang Show Fund 22,018 1,146 Tree Fund 696 - Activities Fund 2,000 - 484,940 (35,100) TOTAL FUNDS 484,940 (35,100) Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 84,872 Gang Show Fund 13,728 98,600 TOTAL FUNDS 98,600 |
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|---|---|---|---|
continued...
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Ipswich Scout District Liason Committee
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.21 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 450,479 | 9,747 | 460,226 |
| Gang Show Fund | 6,436 | 15,582 | 22,018 |
| Tree Fund | 696 | - | 696 |
| Activities Fund | 2,000 | - | 2,000 |
| 459,611 | 25,329 | 484,940 | |
| TOTAL FUNDS | 459,611 | 25,329 | 484,940 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 65,888 | (56,141) | 9,747 |
| Gang Show Fund | 15,582 | - | 15,582 |
| 81,470 | (56,141) | 25,329 | |
| TOTAL FUNDS | 81,470 | (56,141) | 25,329 |
| 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 1.1.21 £ 450,479 - 6,436 696 2,000 459,611 459,611 |
Net movement in funds £ (26,499) - 16,728 - - (9,771) (9,771) |
Transfers between funds £ (3,000) 3,000 - - - - - |
At 31.12.22 £ 420,980 3,000 23,164 696 2,000 |
|---|---|---|---|---|
| 449,840 | ||||
| 449,840 |
continued...
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Ipswich Scout District Liason Committee
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
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:
| Unrestricted funds General fund Gang Show Fund TOTAL FUNDS |
Incoming resources £ 150,760 29,310 180,070 180,070 |
Resources Movement expended in funds £ £ (177,259) (26,499) (12,582) 16,728 (189,841) (9,771) (189,841) (9,771) |
|---|---|---|
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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Ipswich Scout District Liason Committee
| INCOME AND ENDOWMENTS Contributions for use of facilities Gang show income Grants Investment income Deposit account interest Total incoming resources EXPENDITURE 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 (expenditure)/income |
Detailed Statement of Financial Activities for the Year Ended 31 December 2022 |
2022 £ 83,774 13,728 - 97,502 1,098 98,600 3,210 7,997 16,130 711 106 574 70,712 12,582 21,678 133,700 133,700 (35,100) |
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 |
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This page does not form part of the statutory financial statements
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