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2024-12-31-accounts

Annual Report 2024 b Girlguiding London and South East England

Message from the chair of trustees, the chief commissioner

2024 was another busy year with a calendar full of events and activities for our young members and volunteers. In particular, the chief commissioner team really enjoyed visiting some of the venues taking part in our Animal Adventures weekend. It was a great opportunity to meet, chat and join in the fun with lots of young members across the region.

The region supported members taking part in 2 key consultations with Girlguiding during the year. The first enabled members to share their ideas for the new uniform, which is due to be launched in the summer of 2026. The second involved workshops and surveys to seek input into the sharpened Girlguiding strategy which was presented in March 2025.

Our region weekend, which was held in the first quarter of the year, put the emphasis on impact. We spent time understanding and exploring the impact that we have as individuals, as a region team and as an organisation. It was noted that girls who are members of Girlguiding are 23% more confident than the UK average (Girlguiding Impact Report 2023) and highlighted the role that Guiding has in supporting and developing the wellbeing of our members.

During the year we continued to focus on the sustainability of our region including the launch of a trial range of new products in our online shop, the development of our investment portfolio and a review of the structure of our 19 counties. A working group was formed consisting of the county commissioners from three neighbouring counties. A range of options were explored and considered, and these were shared with the impacted county executives and modified to reflect their input. The result was the agreement to disband the county of London North East at the end of 2024, with 1 division joining London North West and 2 joining London Over the Border. In addition, it was agreed that Middlesex North West and Middlesex South West would merge to become Middlesex West in 2025. I would like to take this opportunity to thank all those involved in this process. There are many things to work through when making organisational changes like these. Some are easy and some more challenging, but I hope that these changes strengthen the support and opportunities that are provided in these areas and ensure that guiding not only continues but thrives.

Thank you to everyone who has contributed, volunteered, or supported the region throughout the year – you make a huge difference to the lives of so many.

Amanda Teasel Chair of board of trustees, the chief commissioner

2

Report from the trustees

Statement of purpose

Governing document and constitution

The Guide Association London and South East England is governed by royal charter and the powers of the board of trustees are set out in the constitution as expressed under the byelaws of the royal charter.

Public benefit

The board of trustees confirms that they have taken due regard to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the organisation’s aims and objectives in planning future activities.

3 \

Governance

Board of trustees

The region is one of 9 separately constituted areas of The Guide Association and as such is an independent charity in its own right (charity registration number 308268).

The reports and results contained herein relate only to the operation of the region and no other entity. The region covers Kent, Sussex, Surrey and the whole of Greater London, except the London Borough of Havering. The board of trustees is the decision-making group for policy and strategic decisions.

Voting Members Appointed by Type
Chief commissioner Chief guide Ex officio
1 deputy commissioner Chief commissioner Ex officio
2 steering group representatives Steering group Ex officio
4 membership trustees
(Including at least two members from
the 18-30 year age group)		 Board of trustees Elected
2 external trustees Board of trustees Elected
Trustee treasurer Board of trustees Elected
Up to 2 other trustees Board of trustees Elected

Board of trustees

Chief commissioner and chair
of the board of trustees		 Amanda Teasel Ex officio 9 August 2021 -
8 August 2026
Deputy chief commissioner
and board member		 Jooles Parkin Ex officio 7 January 2022 –
8 August 2026
Region manager Amrita Sheldon Non-voting From August 2017
Board member Sarah Ings Ex officio: steering
group		 24 September 2023 –
27 September 2025
Board member Haf Rees Membership
representative		 1 April 2020 –
31 March 2025
Board member Rebecca Whibley Membership
representative		 1 April 2020 –
21 September 2024
Board member Chloe Healy Membership
representative		 19 March 2022 –
18 March 2027
Board member Wendy Colson Ex officio: steering
group		 18 March 2023 –
23 March 2025
Board member Rowena Bradnam Membership
representative		 23 September 2023 -
22 September 2026
Board member Georgie Challinor Membership
representative		 25 November 2023 -
24 November 2026
Board member Vicky Cross Membership
representative		 25 November 2023 -
24 November 2026
Board member Anna Jones Trustee Treasurer 16 March 2024 –
15 March 2027
Board member Melissa Allen External 8 June 2024 –
7 June 2027
Board member Navroza Ladha External 8 June 2024 –
7 June 2027
Board member Dawn Archer Ex officio: steering
group		 7 June 2025 –
6 June 2027
Board member Lilymae Kennedy Membership
representative		 27 September 2025-
26 September 2028
Board member Heather Fowler Membership
representative		 27 September 2025-
26 September 2028

5

Board appointments

The chief commissioner was appointed by the chief guide of Girlguiding in consultation with the membership of the region.

The deputy chief commissioner was appointed by the chief commissioner.

The trustee treasurer is a board appointment.

The steering group representatives were appointed by the chief commissioner in

consultation with the membership of the county they represent. They were selected as trustees by their fellow steering group members.

Ex officio members cannot exceed their 5-year term of appointment on the board.

Elected members of the board serve a maximum of 3 years with an option to extend for a further 2 years.

Elected members of the board were selected based on their skills and experience.

The deputy chief commissioner's term of office does not extend beyond the finishing date of the chief commissioner's end date.

Induction and training of trustees

All trustees are provided with an induction and are supported on an ongoing basis that addresses the needs of the group and individuals.

Other governance groups

The board of trustees is supported by:

Registered office

Girlguiding London and South East England 3 Jaggard Way Wandsworth Common London SW12 8SG

www.girlguidinglaser.org.uk

Professional advisers and consultants

The professional advisers and consultants during the year were as follows:

Banks

National Westminster Bank Wandsworth Branch, PO Box 8888, 98 Wandsworth High Street, SW18 4JZ

Lloyds Bank Plc Business Banking, BX1 1LT

CCLA COIF Charity Funds

Senator House, 85 Queen Victoria Street, London, EC4V 4ET

Investment Managers

Evelyn Partners Investment Services Limited 45 Gresham Street, London EC2V 7BG

Auditors

BK Plus Audit Ltd Sterling House, 501 Middleton Rd, Chadderton, Oldham OL9 9LY

Legal consultants

For Girlguiding: Bates Wells Braithwaite 10 Queen Street Place, London, EC4R 1BE

Activities & Adventure

International

Discover Japan and Explore Europe 2024

In July and August, 4 teams embarked on international adventures, travelling across the globe. 2 teams explored Europe, and 2 teams discovered Japan; making a total of 16 leaders and 46 young members. As a result of their adventures, the majority of participants told us that they felt they had developed their confidence and resilience, with one young member saying, “I grew as a person in my confidence and maturity. I made so many friends for life and did so many things that were outside of my comfort zone but they challenged me in the best way possible.”

UK events and activities

Wildlife Discovery Days with the RSPB

In March, 200 Rainbows, Brownies and Guides and their leaders visited London parks to discover the nature on their doorstep. Girls developed their map-reading skills, learned about birds, identified trees, and hunted for minibeasts, earning them the Growing Up Wild Insects and Minibeasts badge. Thanks to the generous support of the Kusuma Trust, girls from families with low incomes and those who would not otherwise access these kinds of activities were able to attend the event free of charge.

Google Takeover Day for Guides

In May half term, 100 Guides’ visited Google HQ in St Pancras for a day of fun and learning. They heard from some of Google's female engineers about what it's like to work in tech and took part in fun and exciting activities, including designing and racing their own Lego robots, and coding imagiCharms with fun and playful digital designs. The event was part of Google's partnership with Girlguiding UK, which empowers girls to develop digital skills and to explore the online world safely.

Animal Adventures

Thousands of members visited zoos, wildlife parks and aquariums as part of our Animal Adventure weekend in June. Venues covered all areas of the region as we invited units to plan their own adventures. A grant from Girlguiding supported over 4,100 girls to attend over the weekend and 7,000 of our Animal Adventure badges flew of the shelves. A leader said, “We had an incredible time at Port Lympne Zoo - though it's so close to home for us, we saw so many animals we never had before! The safari was fantastic, and the organisation of the event meant everything ran smoothly. We'd love to go again!”

Converge on Cardiff

In October, over 500 Girlguiding members Converged on Cardiff to connect, explore and take part in a fun Cluedo themed wide game across the city over 2 days. Leaders welcomed the opportunity to bring their group to a large event with other groups, and the flexibility to design and build a trip to suit their group around a centrally planned event. Guides and Rangers said, “The weather was great and Cardiff is great to explore. We enjoyed lots of different activities – especially leek lobbing!”, and, “I enjoyed spending time with my riends and getting to know each other.” In conjunction with the Cardiff event, everyone in the region could join in with a local Cluedo themed challenge, and we sold 5,550 badges!

8

Learning & Development

Training

Essential training

In 2024, we delivered:

The team also created a support network for the new Young Leader Development Programme, and focused on increasing support for county commissioners by providing more data analysis and reports to help them be effective within their counties.

Trainer workshop

We held our bi-annual event in November 2024, attended by 56 trainers, prospectives trainers and members interested in becoming trainers. The workshop included sessions on: ‘1st Response upskilling and networking’, ‘how to deliver the LDP in a day’, ‘being effective as a trainer’ and a particularly thought-provoking session on ‘is the county day dead?’.

Duke of Edinburgh’s Award (DofE)

Peer education

In 2024, the peer education team reached a total of 100 peer educators trained in the region. The team also delivered trainings at:

Walking

In 2024, we provided structured and drop-in support sessions, and gave advice on 41 walks planned across the region. The team delivered 11 trainings during the year, including water safety training, and hosted a successful informal walking weekend at Pax Tor, Derbyshire. We also collaborated with Girlguiding South West England on a walking weekend in September in Dartmoor, which was attended by members from across different regions.

9

Marketing & Communications (M&C)

The marketing and communications team supported region activities during the year through all our communication channels to maximise reach, awareness and participation.

Events

We also supported the representation of Girlguiding at the Lord Mayor’s Show, the Cenotaph and Festival of Remembrance and Trooping the Colour.

Partnerships

Partnerships with other organisations that share our mission and vision that ‘girls can do anything’ bring new opportunities and experiences for our members. In 2024, we continued to support activities with our partners RSPB, ICE, and Allergy UK. We launched a new partnership with the Air Ambulance charity Kent, Surrey and Sussex on Restart a Heart Day in October, with live streaming of CPR techniques, supported by a badge pack. We also developed a new partnership with England Rugby linked to the Women’s World Rugby Cup in 2025 with a launch event planned for January 2025. RSPB, Air Ambulance Kent, Surrey and Sussex, Allergy UK and England Rugby have all agreed to attend May-hem in May 2025, offering activities to our members at the event. We continue to research collaborations with other organisations that can bring new experiences, knowledge and career inspiration to our young members.

Communications

During the year, we promoted region news, initiatives, badge packs and events through Spotlight and our region channels. Our calendar of cause related days and weeks and current news topics provide the opportunity to feature relevant badge packs, for example nature and conservation (RSPB) and Allergy Aware Week (Allergy UK). We also plan and deliver comms plans for Volunteers Week and other relevant topic-led events such as International Women’s Day and International Day of the Girl which provide a platform for talking about the Girlguiding experience and everything this offers.

10

A new range of region merchandise

A limited range of region merchandise was launched in October, 2024 as a pilot scheme to assess interest in our own region merchandise among our members. Further development of the range will be dependent on the results of this pilot.

Digital

We continued to enhance our posts in both design and content to increase engagement across our social media channels.

Our website is at the heart of our engagement with members. During the year we carried out a comprehensive update of the site, improving its security as well as the site’s analytics so that we can provide more detailed reports on the success of our activity through page views, downloads, dwell times, etc., so that we can assess levels of response and engagement across our activities as guidance for what works for our members. This initial work has been completed and the CMS will be upgraded in early 2025 to the latest version, bringing the site fully up to date.

Growth and Retention

11

Investment policy

When setting the investment policy, the board of trustees considered the risk and rewards of returns and their duty to safeguard the charity assets.

The cash assets were managed as follows:

Investments

Since June 2023, the board of trustees decided to invest funds with Evelyn Partners Investment Services Ltd with a view to invest for the long-term financial gain for the charity.

The board of trustees has considered its approach to investments. They will do so on an annual basis to ensure that it fully reflects the needs and risk appetite of the charity. Regular meetings are also held with the region’s investment managers, Evelyn Partners Investment Services Ltd, to review the performance of the region’s investment portfolio. The Region’s Investments are held in one portfolio. However, within this, part of the portfolio has a longer term, multigenerational aim and thus adopts a medium to long term growth strategy with a moderate risk profile. The other element of the portfolio represents a shorter time horizon seeking to deliver both capital growth and income with a lower risk profile.

12

Review of the financial position

Income & expenditure

Income and expenditure for the year are detailed in the Statement of Financial Activities (SOFA). Total income for the year amounted to £1,148,163 (2023 £872,844) and total expenditure amounted to £975,210 (2023 £658,552). Income and expenditure vary from year to year mainly depending on the charitable activities and events held by the region. The net surplus for the year amounted to £186,636 (2023 £214,292).

It is acknowledged that there was a healthy surplus in 2024. The trustees have agreed to provide substantial financial support to counties towards transport for the 2025 May-hem event.

The main sources of income for the charity were from:

Income from investments – interest received in 2024 £45,022 (2023 £30,794).

The main expenditure comprised:

Staff costs - £300,992 (2023 £276,179). The increase was due to the increase in staff numbers – 2024 average 11.7 (2023 average 10.9).

Balance sheet

The total net assets for the year increased by £186,636 to £1,700,175 in 2024. Most of our assets are held in cash in interest bearing accounts. The closing cash balances were £1,415,362 (2023 £1,276,127).

Funds

The specific uses of the restricted funds and unrestricted (designated) funds are given in Note 21 and Note 22.

Risk management

The board of trustees reviewed the risk policy during the year to ensure that it fully reflected the needs of the charity. The reserves allow for anticipated future investments and should be sufficient to cover any unexpected future losses. The main risk continues to be declining membership; the region is focusing on retaining and building its membership.

13

Reserve policy

Free reserves represent the working capital of the region and are available to support shortand medium-term objectives and to safeguard against unexpected decreases in income. The Charity Commission defines free reserves as ‘income which becomes available to the charity and is to be expended at the executive committee’s discretion in furtherance of any of the charity’s objectives, but is not yet spent, committed or designated’.

The Board of Trustees adopts a risk-based approach to the reserves policy:

  1. Identify specific risk and create a designated fund for such risks.

  2. Protect against an unforeseen reduction in income by retaining 6 months’ worth of running costs.

  3. Allow for 25% of annual running costs to take advantage of un-forecast opportunities or expenditure.

The reserves held by Girlguiding LaSER should be 2023 2024
Total running costs (adminstation, establishment,
finance & payroll) for the following financial year		 £463,513 £607,698
Reserves calculation breakdown 2023 2024
6 months of running costs £231,757 £303,984
25% of running costs fo unforeseen eventualities £115,878 £151,992
Total reserves to be held £347,635 £455,976
The reserves held by Girlguiding LaSER were 2023 2024
Total general reserves at year end £1,401,666 £1,016,542
Less fixed assets in general reserves (£126,946) (£114,173)
Less investments in general reserves (£150,000) (£390,696)
Total £1,124,720 £511,673

It is acknowledged that there are healthy reserves held above those required by the reserves policy. These funds will provide contingency for future events and international trips.

14

Going concern

The trustees of The Guide Association London and South East England has assessed the charity’s ability to continue as a going concern. Based on this assessment, the trustees have concluded that there is no substantial doubt about the charity’s ability to continue its operations for the next 12 months. This conclusion is based on the charity's current financial position, cash flow projections, and available reserves.

Future plans

Statement of board of trustee responsibilities

This report was approved for and on behalf of the trustees on 27 September 2025 and signed on its behalf by

Amanda Teasel Chair of the board of trustees

15

Charity registration number 308268 (England and Wales)

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

16

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

A Teasel A Jones J Parkin H Rees R Whibley C Healy W Colson R Bradham M Allen G Challinor V Cross N Ladha D Archer Lilymae Kennedy Heather Fowler

(Appointed 27 September 2025) (Appointed 27 September 2025)

Charity number (England and Wales) 308268

Auditor

BK Plus Audit Limited Sterling House 501 Middleton Road Chadderton Oldham Lancashire OL9 9LY

17

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

CONTENTS

Page
Trustees' Annual report 1 - 15
Independent auditor's report 19 - 21
Statement of financial activities 22 - 23
Balance sheet 24
Statement of cash flows 25
Notes to the financial statements 26 - 43

18

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

Opinion

We have audited the financial statements of The Guide Association London and South East England Region (the ‘Charity’) for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is 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).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

19

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees statement of Trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or though collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

20

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE GUIDEASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION Other mattèrs Your attention is drathn to th8 fact that 1hg charity has prepared finan(xal statements in accordance with "Accounting and Reporting by Charities.. Statement of Recommended Pradi(x applicable to charities preparing their accounts in accordance with the Finanaal Reporting Standard applicabl8 in the UK and Republic of Ireland (FRS 102)" (8S amended) in preference to the Accounting and Reporting by Charitios: Statement of Recommended Practice issued on 1 April 2005 which is referred to in tho extanl regulations but has now bean withdrawn. This has been done in order for the finandal statements to provide a true and fair view in accordance with current Gen8rally Accepted Accounting Practice. Use of our report Thls r8POrt 1$ made solely to the charitys trustses, as a body, in accordanco wlth Part 4 of the Char1118s (Accounts and Reports) Regulatlons 2008. Our audit work has been undertaken so that we might state to the charitys trustees those matters we are required to state to them in an auditor's rewrt and for no other purpose. To the fullest ext8nt permitted by law, we do not accept or assume responsibilty to anyon8 other than the charity and the charity's trustees as a body. for our audit work, for this report, or for the opinions we have fonned. BkPI. Christoph•r Hession CA. (Senlor Statutory Audltor) For and on behalf of BK Plus Audit Limited. StatutoryAuditor Chartered Certified Accountsnts Slerling House 501 Mlddloton Road Chadderion Oldham Lancashire OL9 9LY Dats: 2Woqli8 BK Plus Audit Limited is eligible for appointment as auditor of the Charity by vlrtue of Its ellglblllty for appolntrnent as auditor of a company under section 1212 of the CompaniesAct 2006.

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Current financial year
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
Designated
2024
2024
2024
Notes
£
£
£
Income from:
Donations and legacies
3
573,894
129,985
162,831
Charitable activities
4
177,749
-
-
Other trading activities
5
57,415
-
-
Investments
6
46,289
-
-
Total income
855,347
129,985
162,831
Expenditure on:
Raising funds
7
29,479
-
-
Charitable activities
8
663,268
111,163
171,300
Total expenditure
692,747
111,163
171,300
Net gains/(losses) on
investments
14
13,683
-
-
Net income/(expenditure) and
movement in funds
176,283
18,822
(8,469)
Reconciliation of funds:
Fund balances at 1 January 2024
1,406,171
16,656
90,712
Fund balances at 31 December
2024
1,582,454
35,478
82,243		 Total
2024
£
866,710
177,749
57,415
46,289
1,148,163
29,479
945,731
975,210
13,683
186,636
1,513,539
1,700,175		 Total
2023
£
687,496
96,306
53,743
35,299
872,844
24,657
633,895
658,552
-
214,292
1,299,247
1,513,539

The notes on pages 26 to 43 form part of these financial statements.

22

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Prior financial year
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
Designated
2023
2023
2023
Notes
£
£
£
Income from:
Donations and legacies
3
548,148
6,007
133,341
Charitable activities
4
96,306
-
-
Other trading activities
5
53,743
-
-
Investments
6
35,299
-
-
Total income
733,496
6,007
133,341
Expenditure on:
Raising funds
7
24,657
-
-
Charitable activities
8
513,491
8,386
112,018
Total expenditure
538,148
8,386
112,018
Net income/(expenditure) and movement in funds
195,348
(2,379)
21,323
Reconciliation of funds:
Fund balances at 1 January 2023
1,210,823
19,035
69,389
Fund balances at 31 December 2023
1,406,171
16,656
90,712		 Total
2023
£
687,496
96,306
53,743
35,299
872,844
24,657
633,895
658,552
214,292
1,299,247
1,513,539

23

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

BALANCE SHEET

AS AT 31 DECEMBER 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 16 122,376 126,946
Current assets
Stocks 17 15,417 10,718
Debtors 18 81,663 32,340
Investments 19 368,365 154,505
Cash at bank and in hand 1,415,362 1,276,127
1,880,807 1,473,690
Creditors: amounts falling due within 20
one year (303,008) (87,097)
Net current assets 1,577,799 1,386,593
Total assets less current liabilities 1,700,175 1,513,539
The funds of the Charity
Restricted income funds 21 82,243 90,712
Unrestricted funds - general 22 1,582,454 1,406,171
Unrestricted funds - Designated 35,478 16,656
1,700,175 1,513,539

The notes on pages 26 to 43 form part of these financial statements.

The financial statements were approved by the trustees on 27 September 2025A Teasel yet A Jones cheds Region Commissioner Trustee Treasurer

24

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
Cash flows from operating activities
Cash generated from operations
26
Investing activities
Purchase of tangible fixed assets
Purchase of investments
Proceeds from disposal of investments
Investment income received
Net cash used in investing activities
Net cash generated from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
£
295,576
(2,453)
(200,224)
47
46,289
(156,341)
-
139,235
1,276,127
1,415,362		 2023
£
£
174,839
(3,116)
(150,000)
-
30,794
(122,322)
-
52,517
1,223,610
1,276,127

The notes on pages 26 to 43 form part of these financial statements.

25

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

The Guide Association London and South East England Region is a charity registered in England. The address of the registered office is 3 Jaggard Way, Wandsworth Common, London, SW12 8SG. The nature of the charity’s operations and principal activities are detailed within the Trustees’ Report on pages 1 to 15.

1.1 Accounting convention

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Girlguiding London South East England Region constitutes a public benefit entity as defined by FRS 102 and presentational currency is £ sterling to the nearest pound. The trustees consider that there are no material uncertainties about Girlguiding London and South East England Region's ability to continue as a going concern.

The financial statements have been prepared to give a 'true and fair view' and have deviated from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Going concern

The trustees have considered going concern up to one year from the date of signing these accounts. Budgets and forecasts have been prepared, including a severe but plausible scenario, the trustees as a result believe that Girlguiding London and South East England Region is a going concern as the level of unrestricted reserves are sufficient to cover costs incurred for at least the next 12 months should such a situation arise.

1.3 Charitable funds

The regions unrestricted funds consist of funds which may be used for an of it's purposes at the discretion of the board of trustees. These funds have been separately shown, as general funds and designated funds.

General funds - General funds are those available on a day to day basis to the board of trustees for an

purpose.

Designated funds - Designated funds, are those set aside by the board of trustees for specific purposes, Details of the purpose of each fund are set out in Note 15.

Restricted funds - Restricted funds consist of funds where the donor has placed some restriction on the use

that can be made of the assets donated. Details of the purpose of each fund are set out in Note 16.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the

Charity.

26

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.4 Income

There are two main income streams for the charity; annual subscriptions received from the membership within the London and South East England region, trading income from the sale of badges and region branded items via the online shop. All income is accounted for when due, except donations which are accounted for when received. All trading activities are carried out with the members in pursuance of the region's charitable objectives. Grants are recognised when receivable except to the extent that performance conditions have not been met.

1.5 Expenditure

The expenditure of the region is analysed around the activities of the charity. The programme and training activities are run for the benefit of the region as a whole, the expenditure on international activity reflects the cost of organising trips, marketing and publicity is mainly concerned with raising awareness throughout the region, growth and retention focuses on increasing our membership and ensuring current members want to remain part of the charity and the grants payable comprise payments made to other Girlguiding charities to assist with capital expenditure.

The staff costs are allocated against each expenditure heading firstly on the basis that it is directly attributable to that activity and secondly, if not directly attributable, it is allocated on a percentage share of the total cost, Support costs are allocated on a percentage share of the total cost. All expenditure is charged on an accruals basis. Governance costs are those associated with the general management of the charity as the trustees ensure compliance with constitutional and statutory requirements. They include the cost of the audit and legal fees.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings over the shorter of the remaining term of the lease or 50 years Furniture, fittings & office equipment 10% - 20% straight line Computers 33.3% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

All fixed assets acquired whether purchased or donated are capitalised. Major donations received for fixed assets are credited to capital grants and donations funds or other restricted funds as shown in Note 16. These funds are then used to write off the asset over its estimated useful life.

1.7 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

27

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The charity operates a defined contribution plan for the benefit of its employees through the main Guide Association scheme. Contributions are expensed as they become payable.

28

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying value of assets and liabilities are outlined below.

Depreciation

Determining the useful economic life of an asset and the anticipated residual value in calculating an appropriate depreciation charge is considered a key judgement.

29

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

3 Income from donations and legacies

Unrestricted Unrestricted
Restricted
funds
funds
funds
general Designated
2024
2024
2024
£
£
£
Donations and gifts
13,598
10,000
-
Grants
-
119,985
162,831
Membership fees
560,296
-
-
573,894
129,985
162,831		 Total
Unrestricted Unrestricted
Restricted
funds
funds
funds
general Designated
2024
2023
2023
2023
£
£
£
£
23,598
8,778
6,007
-
282,816
-
-
133,341
560,296
539,370
-
-
866,710
548,148
6,007
133,341		 Total
2023
£
14,785
133,341
539,370
687,496

30

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

4 Income from charitable activities
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Charitable activities
International activities 170,954 87,894
Programme & training activities 6,795 8,412
177,749 96,306
5 Income from other trading activities
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Shop income 57,415 53,743
6 Income from investments
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Income from listed investments 1,267 -
Other income - 4,505
Interest receivable 45,022 30,794
46,289 35,299

31

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

7 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Trading costs
Merchandise 27,045 24,657
Investment management 2,434 -
Total costs 29,479 24,657

8 Expenditure on charitable activities

International
activities
Programme
& training
activities
Marketing &
publicity
Growth &
Retention
2024
2024
2024
2024
£
£
£
£
Direct costs
Charitable activities
192,236
12,951
8,655
44
Grant funding of activities (see note 9)
-
122,441
-
160,022
Share of support and governance costs (see note 10)
Support
238,727
84,108
84,279
441
Governance
37,593
2,532
1,693
9
468,556
222,032
94,627
160,516
Analysis by fund
Unrestricted funds - general
468,556
99,591
94,627
494
Unrestricted funds - Designated
-
111,163
-
-
Restricted funds
-
11,278
-
160,022
468,556
222,032
94,627
160,516		 Total
2024
£
213,886
282,463
407,555
41,827
945,731
663,268
111,163
171,300
945,731

32

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

8 Expenditure on charitable activities (Continued)
Previous year: International
Programme
Marketing &		 Growth &
Total
activities & training
publicity		 Retention
activities
2023 2023 2023 2023 2023
£ £ £ £ £
Direct costs
Charitable activities 90,328 31,718 3,922 2,774 128,742
Grant funding of activities (see note 9) 117,142 - - - 117,142
Share of support and governance costs (see note 10)
Support 170,598 139,262 73,662 4,489 388,011
378,068 170,980 77,584 7,263 633,895
Analysis by fund
Unrestricted funds - general 257,664 170,980 77,584 7,263 513,491
Unrestricted funds - Designated 8,386 - - - 8,386
Restricted funds 112,018 - - - 112,018
378,068 170,980 77,584 7,263 633,895
9 Grants payable
Programme Growth & Total International
& training Retention activities
activities
2024 2024 2024 2023
£ £ £ £
Grants to individuals 122,441 160,022 282,463 117,142

33

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

10
Support costs allocated to activities
Staff costs
Depreciation
Computer support
Photocopier
Postage & stationery
Insurance
Property costs
Untilities
Telephone
Repairs & maintenance
Steering group meetings
Training
Welfare & travel
Payroll
Sundry
Bank charges
Governance costs
Analysed between:
International activities
Programme & training activities
Marketing & publicity
Growth & Retention
11
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets		 2024
£
300,992
7,023
26,548
1,246
747
3,443
6,851
28,255
7,337
4,564
-
630
4,650
4,223
8,788
2,258
41,827
449,382
276,320
86,640
85,972
450
449,382
2024
£
10,200
7,023		 2023
£
276,179
11,711
23,333
1,183
432
3,361
5,841
5,018
3,778
5,328
12,543
877
6,061
1,076
15,422
2,025
13,843
388,011
170,598
139,262
73,662
4,489
388,011
2023
£
9,816
11,711

12 Trustees

The trustees all give freely their time and expertise without any form of remuneration or other benefit in kind. Expenses of £2,342 (2023: £3,317) were reimbursed to 9 (2023: 12) Trustees to cover out of pocket travel and meeting costs for their role as Trustees.

34

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

13 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
12
2024
£
262,773
16,949
21,270
300,992		 2023
Number
11
2023
£
242,821
14,262
19,096
276,179

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The key management personnel of the charity are considered to be the Region Manager and the Finance Manager. The total employee benefits of the key management personnel were £73,608.

14 Gains and losses on investments

Unrestricted Unrestricted
funds funds
2024 2023
Gains/(losses) arising on: £ £
Revaluation of investments 13,636 -
Sale of investments 47 -
13,683 -

15 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

35

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

16
Tangible fixed assets
Freehold land
and buildings
£
Cost
At 1 January 2024
296,972
Additions
-
At 31 December 2024
296,972
Depreciation
At 1 January 2024
190,061
Depreciation charged in the year
-
At 31 December 2024
190,061
Carrying amount
At 31 December 2024
106,911
At 31 December 2023
106,911
In the opinion of the trustees the residual value at the year was considered not to be
so no further depreciation has been recognised.
17
Stocks
Finished goods and goods for resale
18
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
19
Current asset investments
Unlisted investments		 Furniture,
fittings &
office
equipment
Total
£
£
121,997
418,969
2,453
2,453
124,450
421,422
101,962
292,023
7,023
7,023
108,985
299,046
15,465
122,376
20,035
126,946
less than £107,000 and
2024
2023
£
£
15,417
10,718
2024
2023
£
£
31,797
20,378
441
570
49,425
11,392
81,663
32,340
2024
2023
£
£
368,365
154,505

36

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

(Continued)

19 Current asset investments

During the year under review, the trustees placed capital of £200,000 (2023: £150,000) with Evelyn Partners Investment Services Limited under their Personalised Investment Management Service.

20 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
6,357
14,048
8,061
274,542
303,008		 2023
£
6,698
9,682
4,330
66,387
87,097

21 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1
King George VI Fund
Buchanan Legacy
DCMS Waiting list Project
Children in Need Fund
Unit support Fund
First Response Training Fund
Edwards Legacy
Chief's Memorial Fund
Growth and Retention Fund
SNUG Grant
Join Us Coordinator Fund
Travel Fund
Targeted Financial Support
Cost of Living Fund
Generation Green Fund
Diamond Duke of Edinburgh Grant
Agathas Fund		 January
2024
Incoming
resources
Resources
expended
At 31
December
2024
£
£
£
£
-
-
-
-
12,969
1,109
(400)
13,678
1,341
253
(1,341)
253
-
120,157
(120,157)
-
4,446
1,312
(3,871)
1,887
-
40,000
-
40,000
431
-
(108)
323
1,646
-
(500)
1,146
4,080
-
(550)
3,530
1,005
-
(1,005)
-
1,073
-
(1,073)
-
2,263
-
(2,263)
-
11,997
-
(3,630)
8,367
3,722
-
(3,722)
-
39,200
-
(31,801)
7,399
879
-
(879)
-
155
-
-
155
5,505
-
-
5,505
90,712
162,831
(171,300)
82,243		 January
2024
Incoming
resources
Resources
expended
At 31
December
2024
£
£
£
£
-
-
-
-
12,969
1,109
(400)
13,678
1,341
253
(1,341)
253
-
120,157
(120,157)
-
4,446
1,312
(3,871)
1,887
-
40,000
-
40,000
431
-
(108)
323
1,646
-
(500)
1,146
4,080
-
(550)
3,530
1,005
-
(1,005)
-
1,073
-
(1,073)
-
2,263
-
(2,263)
-
11,997
-
(3,630)
8,367
3,722
-
(3,722)
-
39,200
-
(31,801)
7,399
879
-
(879)
-
155
-
-
155
5,505
-
-
5,505
90,712
162,831
(171,300)
82,243
82,243

37

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

21
Restricted funds
Previous year:
At 1
King George VI Fund
Buchanan Legacy
DCMS Waiting list Project
Children in Need Fund
First Response Training Fund
Edwards Legacy
Chief's Memorial Fund
Growth and Retention Fund
SNUG Grant
Join Us Coordinator Fund
Travel Fund
Targeted Financial Support
Cost of Living Fund
Generation Green Fund
Diamond Duke of Edinburgh Grant
Agathas Fund		 (Continued)
January
2023
Incoming
resources
Resources
expended
At 31
December
2023
£
£
£
£
11,873
1,344
(248)
12,969
1,699
304
(662)
1,341
-
46,897
(46,897)
-
-
4,446
-
4,446
6,777
-
(6,346)
431
2,297
-
(651)
1,646
19,080
-
(15,000)
4,080
1,205
-
(200)
1,005
2,073
-
(1,000)
1,073
5,222
-
(2,959)
2,263
11,997
-
-
11,997
-
40,000
(36,278)
3,722
-
40,000
(800)
39,200
529
350
-
879
1,132
-
(977)
155
5,505
-
-
5,505
69,389
133,341
(112,018)
90,712

38

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

21 Restricted funds

(Continued)

King George VI Fund

To be used for leadership training. Also, for bursaries for attendance at Girlguiding or County Training centres.

Buchanan legacy

To be used at the Region Chief Commissioner's discretion.

DCMS waiting list project

Funding to support increasing the capacity in existing units and creating new spaces at new units for young people aged 10-18 in IMD 1-5 Upper Tier Local authority areas in England. To improve the wellbeing of young people and help them to develop skills for life and work by extending the reach, number and range of regular activities for young people that drive these outcomes.

Children in Need fund

Children in Need funding for 2022 was awarded to support members in 2023 and beyond.

Unit support fund

Funds to support girls in financial need to access guiding.

First response training fund

To be used to support first aid training delivery.

Edwards legacy

To send Guides and Young Adult Leaders to our Chalet in Switzerland.

Chief's memorial fund

The fund is to be used for international travel grants. The Region has the discretion regarding eligibility and application process. The Region can determine whether to target the grants to a particular group of members/ units or a particular type of trip, or to keep it open.

Growth and retention fund

Grant received from Girlguiding HQ for the growth and retention programme.

SNUG Grant (Starting a New Unit Grant)

Units can claim up to £500 to assist in the opening of new units.

Join Us coordinator fund

The Join Us fund is a grant from Girlguiding to cover the cost of staff to review the Join us waiting list and support counties in taking action to reduce the time girls have to wait to join Girlguiding.

Travel fund

The Region Travel Fund is available to support individuals/units/areas in LaSER with their transport cost for events an/or residentials.

Targeted financial support

To support members and units in need of financial support for membership subscriptions.

Cost of living fund

A fund to support our members with any cost of living issue associated with being a member of Girlguiding London and South East England region, this could cover membership fees, subscription costs, event/activity costs meeting room rent or anything else to support members to join or remain part of the charity.

Diamond D of E grant

Fund for encouraging girls in areas of deprivation to take part in the Duke of Edinburgh Award Scheme.

39

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

21 Restricted funds

(Continued)

Agathas fund

Funds donated to see a funding initiative. It was planned that this money would be used for a Brownie event in 2021, however the event was postponed and will be utilised in 2025.

22 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At
International Travel Fund
Travel Fund
Adventure fund
Associates fund
Region commissioners
discretionary fund
Hardship fund
Winifred Elkins
General funds
Previous year:
At
International Travel Fund
Travel Fund
Associates fund
Region commissioners
discretionary fund
Hardship fund
General funds		 1 January
2024
Incoming
resources
Resources
expended
Gains and
losses
At 31
December
2024
£
£
£
£
£
9,133
2,731
-
-
11,864
2,289
27
-
-
2,316
-
117,227
(110,442)
-
6,785
2,658
-
(321)
-
2,337
2,382
-
(400)
-
1,982
194
-
-
-
194
-
10,000
-
-
10,000
1,406,171
855,347
(692,747)
13,683
1,582,454
1,422,827
985,332
(803,910)
13,683
1,617,932
1 January
2023
Incoming
resources
Resources
expended
Gains and
losses
At 31
December
2023
£
£
£
£
£
8,656
3,739
(3,262)
-
9,133
2,916
2,073
(2,700)
-
2,289
3,048
-
(390)
-
2,658
3,896
195
(1,709)
-
2,382
519
-
(325)
-
194
1,210,823
733,496
(538,148)
-
1,406,171
1,229,858
739,503
(546,534)
-
1,422,827

40

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

22 Unrestricted funds

(Continued)

International travel fund

Surplus monies raised to fund international trips but remaining at the end of the trip and/or after any refunds have been made. These funds are used to support/provide grants for future international trips.

Travel fund

The Region Travel Fund is available to support individuals/units/areas in LASER with their transport cost for events and/or residentials.

Adventure fund

The adventure fund is to be used to get more girls involved in adventure related activities in their country/ region.

Associates fund

Funds remaining following the cessation of the Region Associates group. These funds are to be utilised to benefit the members of Girlguiding LASER at the discretion of its trustees.

Region commissioners discretionary fund

Consists of donations received for use at the discretion of the Region Chief Commissioner. The expenditure represents grants made to individuals during the year.

Hardship fund

Donation from 2.6 challenge. Funds to support members suffering financial hardship.

Winifred Elkins legacy

Legacy donated to Girlguiding LaSER has been designated to support Brownies in the region

23 Analysis of net assets between funds

Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
Designated
2024
2024
2024
£
£
£
At 31 December 2024:
Tangible assets
122,376
-
-
Current assets
1,460,078
35,478
82,243
1,582,454
35,478
82,243		 Total
2024
£
122,376
1,577,799
1,700,175

41

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

23 Analysis of net assets between funds

Analysis of net assets between funds (Continued)
Unrestricted Unrestricted Restricted Total
funds funds funds
general Designated
2023 2023 2023 2023
£ £ £ £
At 31 December 2023:
Tangible assets 126,946 - - 126,946
Current assets/(liabilities) 1,279,225 16,656 90,712 1,386,593
1,406,171 16,656 90,712 1,513,539

24 Operating lease commitments

Lessee

At the reporting end date the Charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years
In over five years		 2024
£
1,245
2,551
-
3,796		 2023
£
1,434
4,040
510
5,984

25 Related party transactions

The Guide Association at Commonwealth Headquarters

The Guide Association is an umbrella organisation to the region.

The region is one of the 9 separately constituted country/region associations established under the powers and bylaws of the Royal Charter to administer Guiding in each area.

Counties, divisions, districts and units

Within the London and South East England region, there are 19 county areas of the Guide Association, each further subdivided into divisions, districts and units.

Each county, division, district and unit is responsible as a separate charity for their own finances.

Trefoil Guild

The Trefoil Guild is a connected charity established under the powers of the Guide Association Royal Charter. The Guild has a Regional Association, and the chairman of this association is appointed by the chief commissioner in conjunction with the Trefoil Guild.

The Trefoil Guild is a separate charity and manages its own affairs and prepares its own annual report.

Material transactions with the Guide Association in the year totalled £158,589 (2023: £81,843).

Related party transactions with trustees for the year amounted to £8.50. The transaction related to a notebook that was purchased from the online Guiding shop by Anna Jones (trustee). This transaction was on an arms length basis.

42

THE GUIDE ASSOCIATION LONDON AND SOUTH EAST ENGLAND REGION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

26
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Gain on disposal of investments
Fair value gains and losses on investments
Depreciation of tangible fixed assets
Movements in working capital:
(Increase)/decrease in stocks
(Increase) in debtors
Increase/(decrease) in creditors
Cash generated from operations
27
Analysis of changes in net funds		 2024
£
186,636
(46,289)
(47)
(13,636)
7,023
(4,699)
(49,323)
215,911
295,576		 2023
£
214,292
(30,794)
-
(4,505)
11,711
2,029
(5,156)
(12,738)
174,839

The Charity had no material debt during the year.

43

Girlguiding London and South East England