bÈw TYNEMOUTH DISTRICT SCOUT COUNCIL REGISTERED CHARITY NO. 504767 CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 BELL TINDLE WILLIAMSON LLP CHARTERED ACCOUNTANTS AND REGISTERED AUDITORS THE OLD POST OFFICE 63 SAVILLE STREET NORTH SHIELDS TYNE & WEAR NE30 IAY
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 CONTENTS Pa Report of the Trustees Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 REPORT OF THE TRUSTEES The trustees present their annual report and fllwicial statetnents of the charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accouniing policies set out in note I to the financial statements and comply with the chariws constitution, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS 102. Ob ectives and Aetivities for the Public Benefit Purposes ondAims The objectives of the District are as a unit of the National Scout Association. The Airn of The Scout Association is to promote the development of young people in achieving their 11 physical, intellectual. social and Spirial potentials, as individuals, as responsible citizens and as members of their local, national and international communities. The objective of the District in achieving the Aim of the Association is by providing an enjoyable and aitractive scheme of progressive trdining, based on the Scout Promise and Law and guided by adult leadership. The District meets the Charity Commission's public benefit criteria under both the advancement of education and the advancement of citizenship or community developmeni beadings. Scouting is open to all young people between the ages of 4 and 25 years irrespeciive of class, ethnic origin, nationality (or statelessness) or race, gender. marital or sexual status, mental or physical ability. political or religious belief. Ensuring Our Work Delivers Our Aims We review our aims, objectives and activities each year. This review looks at what we have achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and tbe benefits that they have broughi to those groups of people we are set up to help. The review also helps us to ensure that our aims. objectives and activities have remained focused on our stated purposes. We have referred to guidance contained in the Chariws Commission's general guidance on public benefits when reviewing our aims and objectives and tn planning our future activities. In particular, the tSteeS consider how planned activities will contribute to the aims and objectives they have set. The Focus of Our Work The main activities of the District are: to provide support and advice to Groups. Units and Sections within the District to enable them to give a balanced programme to their youth members. to supplement the Groups. programmes with major activities such as Camps. Gang Shows. Competition events and a swim1g Club. to rnaintain and operate our District activity centre. to maintain and operate our District HQ. To increase adult and youth membership within the Groups. Explorer Scout and Network Units. Contribution made by Volunteer5 The activities refeed to above are managed by over 200 District and Group Volunteers and without whom the acttvities could not take place.
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 REPORT OF THE TRUSTEES Hoiv Our Activities Deliver Public Benefit Our main activilkes and who we ty to help are described above in our PutPOSe5 and Aims and the Focus of Our Work. Achievements and Performance The continued maintenance and upgrading of our District activity centre at Powburn by the Powburn "team" Increased sectional activities and events. Increased the number of adult volunleers and Executive Committee members across the District. Supported Group. District. County. National and International events. Green project to replace all lighting in District HQ with energy efficient LED lighting and lighting control system. Maintenance work to ensure both our HQ and Adventure Centre are compliant with Fire Safety and Utility regulations. Continue early years support to groups opening Squirrel Days. As a District many of our activities are concentrated on the young people. These activities are based primarily at a Sectional Level (age orientated) and are described in ouiltne below:_ Scouting has been far and wide over the last 12 months with Groups taken part in many nights, away experiences including various Unit Camps. County Camps and International Camps. We continue to nIntain and support our own AdvelltLe Centre at Powburn, Northumberland thereby providing a PUTpose-built, safety compliant indoor centre. The locality of tbe centre allows a diverse raThge of indoor and outdoor activities to be enjoyed by all. Throughout the year a number of our Youth Members bave achieved the highest award available to their section. Our Leaders continue lo achieve the required training stsndard of the Wood Badge. This past year we have had several Leaders complete and be awarded their Wood Badge at Sectional level or Manager Wood Badge. Traintng does not stop at thal. and ongoing training is required by each leader each year, this may cover Safeguarding, GDPR, Health and Safety. First Response. TnlexecutIV¢ Training or Skills Training. Throughout the year severdl Long Service Awards have been made to our Leader5 for service of an exceptional nature. In this financial period, one of our leaders attained their Gold Duke of Edinburgh Award and King Scout Award, congraNlations Sean Mulligan, this is a huge achievement. For more inforniation about the services offered by the charity. please visit the clwitys website at www.tynemouihscouts.org.uk.
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 Tr1ARCH 2024 REPORT OF THE TRUSTEES Strategies to Aehieve thi5 Year's Objectives Budgets are sel for all District activities and perfonnance against budget is monitored throughoul the year. Financial Ree The charity reports a deficit for the year of £16,977. Net funds beld by the clwity have reduced to £112.941. Principal Sources of Funding Principal sources of funding are derived from the Powburn Adventure Centre and Explorer Scout membership. In addition to this. the District strives to make activities self-financing where possible. We thank those members who have given personal donations towards the District operating costs. Cosi Analysis previous fmancial years the costs associated with the Powburn Adventure Centre and Explorer Scout membership fonn the main cosls to the charity. Investment Powers and Policy The District does not have sufficient funds to invest in longer-term investments such as stocks and shares. The District has therefore adopted a low risk strategy to the investment of its fimds. All funds are held in cash using only mainstream banks or building societies or The Scout Association's Short Tern) Investment Service, with the exception of the capital element of one endowment fund that is held in M&G Charifimd Unit Trust. The District Executive, through the Districi Treasurer, regularly monitots the levels of bank balances and the interest rates received to ensure the District obtains maximum value and income from its banking arrangements. Occasionally this may involve using an account that requires a period of notice before fidS may be withdrawTr, before doing so the District Treasurer considers the cash flow requirements. All funds pooled to maximise investment income will continue to be separately identified in the accounts and the interest generdted will be appropriately apportioned. Reserves Policy and Going Concérn The District's policy on reserves is to hold sufftcient resources to conlinue the charitable activities of the District should income and fundraising activities fall shorL In addition, a certain level of reserves is required simply to finance and underwrite activities that generate a level of income. The District Executive Commitiee considers that the District needs reserves of between £25,000 and £30.000 in order to achieve this. The District held unrestricted reserves of £105,329 at 31 March 2024. There are no fidS that are in deficit. Risk management The District Executive Cornmittee has identified the major rksks io which they believe the District is exposed. These have been reviewed and systems have been established to miligate thetn. The main areas of concern that have been identified are.. Injury to leader4 The DistricL through the membership fees, contributes to the Scout Association's helpers, supporters National Accident Insurance Policy. Risk Assessments are undertaken by the activity and members. leaders.
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 REPORT OF THE TRUSTEES Risk managenient (continued) Dange to The District would request the use of buildings. property and equipment from other buildingsg property Scoui Groups within the County. Similar reciprocal arrangements exist with these and equipment. organisations. The District has Su]cIent buildings and contents insurance in place to miligale against a perTnaneni loss. Building complianee Ongoing costs associated with ensuring our buildings meet and continue to meet Fire Safety and Utility regulations. Reduced income The District is reliant upon income from fundraising. activities and subscriptions. The from fundraising. District does hold a reserve to ensure the continuity of activities should there be a major reduction in income. Leadership. The District is totslly reliant upon volunieers to nm and administer the activities. If there were a reduction in the number of volunteers to an unacceptable level the District would request assislance from County and Scout knociation's Regional Development Service. Reduetion or loss of The District, with support from the Groups. provides activities for all young people members. aged 6 to 24. If there were a reduction in membership in a particular Section or a Group then the District would consider the amalgamation of Groups. In addition the District would support the Gmups with reCltment and liaise between other Groups for activities. Internal Controls. The District has in place systems of internal controls that are designed to provide reasonable assurance against material mismanagement or loss. These include budget setting and moniioring perfornwice against budgets. two signatories for all payments and a comprehensive insurance policy to ensure that iThsurable risks are covered. DBS checks are obtained for all adult volunteers. Serious Incidents The ¢ru5tees confirm there were no seriows incidents or Ot1 nllerS to advise to the Charity Commissioners during the year. Plans for Future Periods During the next year we plan to: Continue the upgrading of the PovATrurn Activity centre. Continue the ongoing usage and maintenance of our HQ. Development and growth of the District Young Leader provision. Rolling out digital resources Streamtining of District Meetings Following National Guidance, and Policy, Organisation & Rules (POR), put in place a District Trustees comn]ittee to replace our current Executive Committee. Review and create Sub-committees to manage Dislrici Scouling outside of the new District Committee reponsibilities.
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 REPORT OF THE TRUSTEES Structure Governance and Mana ement Organisation of Éhe Charity The charity was registered on 31st December 1975. The District's governing documents are those of The Scout Association. They consist of a Royal Charter, which in turn gives authority to the Bye Laws of the Associaiion and The Policy. Organisaiion and Rules of The Scout Association. The District is a Trust established under its rules, which are common to all Scouts. Trustees are appointed in accordance with the Policy, Organisation and Rules of The Scout Association. The District is managed by the District Trustee Board. the members of which are the "charity trustees" of the Scout District which is an educational charity. As charity lrnstees they are responsible for complying with legislation applicable to charities. This includes registration, keeping proper accounts and making returns to the Charity Commission as appropriate. The District Trustee Board consists of the following members who are the District Charity Tnte¢s. Ex-officio members (District Lead Volunteer, District Youth Lead) Appointed mernbers Co-opted members The District TNstee Board exists to support the Distrllct Lead Volunteer in meeting the responsibilities of the appointrnent and to provide support for Scout Groups and S¢out Units in the District. These responsibililies are amplified through a number of rules in chapter 4 of tbe Policy. Organtsation and Rules tbat detail the responsibilities and rights of the District Executive Con]mittee. The Trustee Board is appointed al the Annual General Meeting of the District Scout Council. The Executive Committee are the TnLStees of the charity and take the responsibilities of supporting and managing Scouting with the following key responsibililies- Cornply with the Policy, Organisation and Rules of The Scout Association. Protect and nIntain any property and equipment owned by an(Vor used by tbe District. Manage the Dislrict fllwices. Provide insurance for people. property, and equipment. Provide sufficient resources for Scouting to operate. Promote and support the development of Scouting in the local area. Manage and implement the Safety Policy locally. Ensure that a positive image of Scouting exists in the local community. Appoint and manage the operation of any sub-committees. Ensure that Young People are meaningfully involved in decision nlaking at all levels within the district. The opening, closure and amalgamation of Groups. Explorer Scout Units, Scout Network and Scout Active Support Units in the District as necessary. Appoint and manag¢ the operation of all Appointments Advisory Committee.
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 REPORT OF THE TRUSTEES Structure Governance and Mana ement ¢ouilhtsed Trustee Changes The changes to the board of trustees that took place during the year are noted in the reference and administrative details of the charity. Related Portiés In as far as it is complementary to the charitgs objects, the charity is guided by local policy and partnerships. The related party transactions thai have taken place during the year are shown in note 10 to the financial statevnents. Key Management Personnel Remuner4lion The trustees consider the board of trustees as comprising the key management personnel of the charity in charge of directing and controlling the clwity and running and operating of the charity on a day to day basis. All tteeS give their time freely other than the District Secrefary who is a paid member of staff. Details of tnteeS rernuneration and expenses are shown in note 10 to the fmancial statements. Referenee and Administrative Information Charity Name.. Tynemouth District Scout Council Charity Registralion Number." 504767 OperationalAddress and District Headquarters." 31- 35 Norfolk Street North Shields Tyne and Wear NE30 IBD CoAtoetAddress 88 Laburnum Ave WallseThd Tyne and Wear NE28 8HG Bankers: Barclays Bank PIC Leicester LE87 2BB Independent Examiner.. E. J. Hartshorne-Ferguson BA FCA Bell Tindle Williamson LLP The Old Post Office, 63 Saville Street North Shields NE30 IAY Solicitors." Oweil Richmonds IAW Firni Ltmited 51152 Howard Street North Shields NE30 IAP
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 REPORT OF THE TRUSTEES Reference and Administrative Information coniintsed Trus¢ees.' The Trustees who served during the year were as follows: Mr Phillip Rowell Mr David Liiilefield Mrs Elizabeth Hay Mrs Heather Henderson Mrs Nonna Pigeon Mr Joseph Harvey Mrs Michelle Barber Mrs Christina Ponting Mr David Baldwin Mr Jason Vasey Mr Andrew Gray Mrs Sarah Douglas Mr Sean Mulligan Miss Grace Smiih Mr Jamie Pearson District Commissioner Dislrict Chair Dislrici Deputy Chair Districi Secretary Dislrici Treasurer Distnei Scoui Network Commtssioner Dislrici Deputy Commissioner (Appointed 19th September 2023) (Appointed 19th Sepiember 2023) (Resigned 28th September 2023) Districl Youih Commissioner (Resigned 18ih January 2024) Dislricl Youih Commi55ioner (Appointed 20¢h January 2024) * Elizabeth Hay ha3 carried out the Chair role in l)avtd Liitlefields absence during thperIod. Trustees, Res onsibilities in Relation to the Finallcial Statements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and UnAted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) The law applicable to charities in England and Wales requires the charity trnstees to prepare fmancial statements for each year which give a lrne and fair view of the state of affairs of the charity and of the incotning resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to: select suitable accounting policÈes and then apply them consistently, observe the methods and principles in the Charities SORTr. make judgments and estimales that are reasonable and prudent. state whether applicable accounting standards have been followed. subject to any llterIal departures that must be disclosed and explained in the flluncial statements; prepare tbe financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and io enable them to ensure that the fmancial statements comply with the Charities Act 2011, the applicable Clwities (Accounts and Reports) Regulations. and the provisions of the Constitution. They are also responsible for safeguarding the assets of the charity and taking reasonable Steps for the prevention and detection of fraud and other irregularities.
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 REPORT OF THE TRUSTEES Trustees, Res onsibililies in Relation to the Financial Statements continued The trustees are responsible for the maintenance and integrity of the charity and fmancial inforniation included on the charitys website in accordance with legislalion in the United Kingdom governing the preparation and dissemination of fllwi¢ial statements. Statement as to Disclosllre to our Inde endent Examiner In so far as the trustees are aware at the iitne of approving our tStees, annual reporL' there is no relevant inforn]ation, being infonnation needed by the independent examiner in connection with preparing their report. of which the charitys independent examiner is unaware. and the tnjslees, havtng made enquiries of fellow trustees that they ought to have individually taken, have each taken all the steps that helshe is obliged to make as a tThtee in order to make themselves aware of any relevant inforniation and to estsblish thai the charitys independent examiner is aware of that inforniation. Approval This report was approved by the Board of Trustees on 22nd July 2024 and signed on its behalf by.. MR D. LITTLEFIELD Chaimthn
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report on the fllwicial statements of the ¢lwity for the year ended 31 March 2024. Respective Responsibilities of Trustees and Exydminer The charity's trustees are responsible for the preparation of the fmancial statements. The charity's trustees consider that an audit is not required for this year under section 144 (2) of the Charilies Act 2011 (the 2011 Act) and that an independent examination is needed. It is my iesponsibility to- examine the flllancial staternents under section 145 of the 2011 Act. follow the procedures laid down in the general directions given by the Clwity Commission under section 145(5)(b) of tbe 2011 Acl. and state whether particular rnatters have come to my attention. Basis of Independent Examiner's Report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the fllwicial statements presented with those records. It also includes consideratioll of any unusual items or disclosures in the financial statements, and the seeking of explanations from the InteeS concerning any such matters. The procedures undertaken do noi provide all tbe evidence that would be required in an audit, and consequently, no opinion is given as lo whether the fanCIal statements present a 'true and fair view. and the report is limited to those matt¢rs set out in the statement below. Kndependent Examiner's Statement In connection with my examinatiofy no matter has Come to my attention: which gives me reasonable cause to believe that, in any material respect. the requirements.. (a) to keep accounting records in accordance with section 130 of the 2011 Act" and to prepare fllncIal statements Nvhich accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been meL or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial staternents to be reached. O)) Bell Tindle Williamson LLP Chartered Accountants and Registered Auditors The Old Post OlCe 63 Saville Street North Shields Tyne and Wear NE30 IAY E. J. Hartshorne-Ferguson BA FCA Independent Examiner 22nd July 2024
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR EIIDED 31 lARCH 2024 STATEIELT OF FINANCIAL ACTIVITIES INCORPORATING IINCONIE ILND EXPENDITLRE ACCOUNT Lnrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Note INCOME Donations and Legacies ,341 1.341 1,257 Income from Charitable Activities: Mcmbership Subs¢riplions Charitsble Operations 1.634 54.074 1,634 54,074 46 38,350 Income from Other Trading Actlvltles: Operations for Gcncrating Funds 8.376 8,376 10,968 Investment In¢ome 1.034 209 1,243 778 TOTAL INCOMING RESOURCES 66.459 209 66,668 51,399 EXPENDITURE Costs of Raising Funds: Trading Activities 2.196 2,196 2.245 Expenditure on Charitable Activities: Charitabl¢ Op¢iations 81.392 81.392 59,266 TOTAL RESOURCES EXPENDED 83,588 83,588 61,511 LYET INCOME / (EXPENDITURE) BEFORE IP4VESTMENT GAINS I {LOSSES) (17.129) (16,920) (10,112) Net gains l (losses) on tnvestments (57) (57) (204) NET MOVEMENT IIY FUNDS (17.129) 209 (57) (16,977) (10,316) RECONCILIATION OF FUNDS Total Funds Brought Forward 122.458 4.331 3,129 129,918 140.234 TOTAL FUNDS CARRIED FORWARD 18 105,329 4.540 3,072 112,941 129,918 Th¢ Statement of Financial Activities includes all gains and lossas in the year and therefore a ststem¢nt of iotal recognised gains and losses has not bccn prcparcd. All incoming resources and resource5 cxpcnded dcrivc from continuing activiiies.
TYNEMOUTH DISTRICT SCOUT COUNCIL BALANCE SHEET AS AT 31 MARCH 2024 Note 2024 2023 FIXED ASSETS Tangible Assets Investments li 12 43.457 3,072 47,155 3,129 TOTAL FIXED ASSETS 46,529 50,284 CURRENT ASSETS Stock Debtors Short Terni Investments Cash at Bank and in Hand 13 14 15 16 3,600 1,187 31,031 35.171 3,254 1,699 30,370 50.273 TOTAL CURRENT ASSETS 70.989 85,596 CREDITORS - mouNTs FALLING DUE WITHIN OLNE YEAR 17 4,577 5.962 NET CURRENT ASSETS 66,412 79,634 TOTAL ASSETS LESS CURRENT LIABILITIES 112,941 129,918 FUNDS OF THE CHARITY Unrestricted Funds Restricted Funds Endowrnent Funds 18 18 18 105,329 4,540 3.072 122,458 4,331 3.129 TOTAL CHARITY FUNDS 112,941 129,918 The fncial statements were approved by the Trustees on 22nd July 2024 and ale signed on their behalf by: MR D. LITtLEFIELD Chairnian MRS N. PIGEON Treasurer
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIES a) Basis of Pre aration The financial statements have been prepared under tbe historical cost convention with items re¢ognised at cost or transaction value unless otherwise slated in the relevant notes to the fmancial statemenls. The financial statemenis have been prepared in accordance with the second edilion of the Charities Statemeni of Recommended Practice issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The charity constitutes a public benefit entity as defed by FRS 102. aration of the Financial Statements on a Goin Concern Basis The trustees consider that there are no material uncertainties about the Cllaritys ability to continue as a going concern. There are no significant judgements or key sources of estimation uncertainty that affect the flllancial statements. e) Cash Flow Statement The trustees have tsken advantage of the exemption from including a cash flow statement in the fll]ancial ststernents on the grounds that the charity is small. d} Income All income is recognised once the charity has entitlement to the income. it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations and grants are recognised when the charity has been notified in writing of both the amount and the settlement date. In the event that a donation is subjecl to conditions that require a level of performance before the charity is entided to the funds, the iDcome is deferred and not recognised until either those conditions are fully meL or the fulfilment of those conditions is wholly within control of the charity and it is probable that those conditions wkll be fulfilled in the reporting period. Membership subscriptions collected on behalf of other parts of the Scout Movement are recogni5ed net of any amount paid out. This is because these subscriptions are in effect held as agents before being paid out. Incoming resources from charitable activities are accounted for when receivable. Income from trading activities is recognised when goo(ts are sold or facilities have been provided. Interest on fijnds held on deposit is included when receivable and the amount can be measured reliably by the charity. this is nornllY upon notification of the interest paid or payable by the bank. Dividends are reCOlSed once the dividend has been declared and notification has been received of the dividend due.
TYI¥IEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIES fconlinued) enditure and Irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: Costs of raising funds comprise of the costs of commercial trading. Expenditure on charitable activities includes the costs of perfomiances. events and other activities undertaken to fither the purposes of the charity and their associated support costs. [eCOVerable VAT is charged as a cost against the activity for which the expenditure was incurred. or¢ Costs Support costs are those fiinctions that assist in the work of the charity but do not directly undertake charitable aciivities. Support costs include office costs, fmance and governance costs which support the charity's activities. These costs have been included within expenditure on charitable activities. g) Fund Accountin Unrestricted funds comprise those funds which the ttustees are free to use for any purpose in furtherance of the charitable objects. Endowment fijnds are investment funds in which withdrawals from the invested capttal are used for specified purposes. Restricted fimds comprise donations which the donor has specified are to be solely used for particular areas of the charitys work or for special projects being undertaken by the ¢knty ible Fixed Assets Individual fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows- Asset Category Annual Rate Freehold Property Equipment i) Fixed Asset Investments Investments are a forni of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of fllMncial activities includes the net gains and losses arising on revaluation throughout the year.
TYNEMOUTH DISTRICT scour COUNCIL YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIES l¢omiAued) j) Stock Stock is included at the lower of cost and nel realisable vaIue. k) Debtors Prepayments are valued at the amount prepaid net of any trade discounts due. Accrned income is recognised at the settlement amount due after any trade discount offered. l) Short Term Investments Short tem investmenls comprise of a 7 day notice deposit bank account and a tenn deposit with a short maturity of 24 months from the date of acquisition. m) Cash at Bank and in Hand Cash at bank and in hand comprises petty cash balances held by Tynemouth Explorer Scouts. a building society account and several bank accounts. n) Creditors Creditors are recognised where the charity has a present obligation as a result of a past event that will probably result in the transfer of funds to a third parry and the amount due to settle the obligation can be measured or estimated reliably. Creditors are nonnally recognised at their settlement amount after allowing for any trdde discounts due. o) Financial Instruments The charity only has financial assets and liabilities of a kind that qualify as basic financial instrnments. Basic financial tnstnllnents are initially recognised at Irdnsaction value and subsequently rnea5ured at their settlemeni date, with the exceplion of fixed asset investments which a subsequently measured al their fair value as at the balance sheet date using the closing quoted market price. DONATIONS AND LEGACIES TOTAL 2024 TOTAL 2023 Unrestricted Restricted General Donations 1,341 1,341 1,257 1.341 1.341 1,257
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS MEMBERSHIP SUBSCRIPTIONS TOT AL 2024 TOTAL 2023 Mernbership Subscriptions Less: Membership Subscriptions Paid on District 35,802 (34,168} 34,965 (34,919) 1,634 46 INCOME FROM CHARITABLE OPERATIONS TOTAL 2024 TOTAL 2023 Ullre$tricted Restricted Powburn Centre Joint SwiMg Club and Gala Cub Camp and Activities Explorer Scouls Explorer S¢outs DOE Beaver Activities Squirrel Activities Drop in Coffee Mornings Gang Show SAS Activities 22.402 4.002 276 26.680 149 199 48 146 22.402 4,002 276 26,680 149 199 48 146 13.048 5.159 385 18,825 95 48 98 692 172 l72 54.074 54,074 38,350 OPEIL4TIONS FOR GENERATIISG FUliDS TOTAL 2024 TOTAL 2023 Unrestricted Restrieted Badge and Neckerchielsales Other Fundraising Activities District BBQ 2,094 5,971 311 2,094 5,971 311 2,206 8,762 8,376 8,376 10,968 INVESTMENT INCOME TOTAL 2024 TOTAL 2023 Unrestricted Restricted Interesl Earned Dividends Receivable 1.034 28 181 1,062 602 176 1,034 209 1,243 778
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS TRADING ACTIVITIES TOTAL 2024 TOTAL 2023 Unrestricted Restricted Licences Badges and NeckerchÈefs District BBQ 404 1,841 1,910 286 1,910 286 2,196 2,196 2,245 CHARITABLE OPERATIOLYS TOTAL 2024 TOTAL 2023 L'nre5tricted Restrieted Poth>urn Centre Joint Swimming Club and Gala Cub Camp and Activities Exploier Scouts Explorer Scouts DOE Beaver Activities Squirrel Activities Gang Show District Celebration Charitable Donations Santa's Sleigh Repairs New Adventure Fund Development of Scouting SAS Activities General Expenses Postage and Stationery Quiz Night Centre Running Cosls Drop in Coffee Mornings AGM Secretary Salary se¢tary Expenses Independent Exan]ination Depr¢¢ialion 23,990 3.682 351 29,873 23,990 3.682 351 29,873 16,351 3.824 431 15,745 616 359 115 925 359 115 925 216 510 756 1,347 122 150 458 1,172 1,172 150 150 675 507 675 507 243 39 43 7,406 7,301 31 94 6,502 23 1,944 3.698 7,301 31 94 6,502 23 1,944 3,698 110 4.862 200 1,944 3,890 81,392 81,392 59,266
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS NET INCOME FOR THE YEAR TOTAL 2024 TOTAL 2023 This is stated after charging: Independent exarninels fees Depreciation 1,944 3.698 1,944 3,890 10. AYL ALYSIS OF STAFF COSTS TRUSTEE REMULIERATION AND EXPENSES AND THE COST OF KEY MANAGEMEL¥T PERSONNEL The charity had no paid employees during the current or previous f]cial year other than the district secretary. The charity considers its key management persomiel comprises the Intees. Other than the district secretary, who received a salary of £6,502 (2023: £4,862) and was reimbursed £23 for expenses {2023: £200), charity trustees were not paid or received any other benefits fronl employment with the charity in the year (2023: £Nil) neither were they reimbursed expenses during the year {2023: £Nil). No charity trustee received payinent for professional or other services supplied to the charity (2023: £Nil). 11. TANGIBLE FIXED ASSETS Freehold Pro er ui Total COST At I st April 2023 Additions 69,555 14.038 83.593 At 3 1st March 2024 69.555 14.038 83,593 DEPRECIATION At 1st April 2023 Charge for year 27,820 2,782 8,618 916 36,438 3,698 At 3 1st March 2024 30,602 9,534 40,136 NET BOOK VALUE At 31st March 2024 38,953 4,504 43,457 At 31st March 2023 41,735 5,420 47,155
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS 12. FIXED ASSET INI VESTMENTS Listed Securities VALUATION Market Value at 1st April 2023 3,129 Net Gainl(Loss) of Investments (57) Market Value at 3 1st March 2024 3,072 The investments listed on a recognised stock exchange are 21 l units of M&G Charifund Unit Trnsts. Dividends received from this investment are shown in note 6 to the financial statements. 13. STOCK 2024 2023 Stock of Badges and Neckerchiefs 3,600 3,254 14. DEBTORS 2024 2023 Prepayments and Accrued Income 1,187 1,699 IS. SHORT TETrI INVESTMENTS 2024 2023 Virgin Money Deposit 31,031 30,370 16. CASH AT BANK èiND IN HAND 2024 2023 Bank Balances Building Society Balances Cash in Hand 33,005 2,166 48,123 2,138 12 35.171 50.273
TYNEMOUTH DISTRICT Scotrr COUNCIL YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS 17. CREDITORS 2024 2023 Amounts falling due within one year: Accruals and Deferred Income 4.577 5,962 4,577 5,962 18. STATEMENT OF FUNDS Transfer Between Funds At 01.04.23 Incomin Resources Resources ended At 31.03.24 Unrestrieted Funds General 120.373 66.459 (83,438) 103,394 Desi nated Activity Equipment Fund Adventure Fund Hardship Fund 205 880 1.000 205 730 1,000 (150) 122,458 66,459 {83,588 105,329 Restricted Funds Tom Scott Mernorial Fund Stockdale Award Fund Developmeni Fund 2.138 941 1.252 28 181 2,166 1,122 1,252 4.331 209 4,540 At 01.04.23 Incomin Resources Resources ended Gain51 Losses At 31.03.24 Elldowment Funds Stockdale Award Fund 3.129 (57) 3,072 3,129 (57 3,072 Unrestricted Funds - General These ndS can be used in anyway by the trustees in accordance with the objectives of the charity. Unrestricted Funds- Designated The following funds have been reserved for future planned activity: Activity Equipmeni Fund The purpose of which is to fllwice equipment purchases for Scouting activities.
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENrs 18. STATEMELYT OF FUNDS (¢ohiin4ed) Unrestrieted Funds- Designated (conlinued) Adventure Fund The purpose of which is to support Groups and Scouts requiring fmancial assistance to enable them to undertake specific activities and events. Hardship Fund The purpose of which is to enable small grants to be awarded to those Cubs and Scouts in need of funding assistance. Restricted Funds These represent funds received which are restricted for a spe¢ifi¢ pury)ose. Amounts are released from these funds when the expenditure to which they relate is incurred by the charity. The restricted funds are sumn]arised as follows: Tom Scott Memorial Fund This fund was created when the 15th Tynemouth HQ was burnt down in the 1990's. The Treasurei at the time was Tom Scott who secured a large insurance payout of which £35,000 was gifted to the District and invested for future refurbishment costs. The interest generated from the tnvestment has been allocated as a restricted fund. The purpose of this fund is to provide assistance towards the cost of attendance at international scouting events and to fund emerg¢n¢y repairs to headquarters. whilst maintaining the capital balance if possible. Stockdale Award Fund The purpose of this fijnd is to provide an annual prize for all youth sections from the income of the fund. Development Fund The pUoSe of this fund is to develop scouting within the District. EndoTrvment Funds These are investment funds in which withdrawals from tbe invested capital are used for specified purposes. The endowment fidS are summth as follows: Stockdale Award Fund The purpose of this fund is to provide an annual prize for all youth sections frorn the income of the fund. 19. ANALYSIS OF NET ASSETS Unrestricted Fullds Restricted Funds Endowment Funds TOTAL Fixed Assets Current Assets Current Liabilities 43,457 66,449 (4.577) 3.072 46.529 70,989 (4.577) 4,540 Net Assets at 31 March 2024 105,329 4,540 3,072 112,941
TYNEMOUTH DISTRICT SCOUT COUNCIL YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS 19. ANALYSIS OF NET ASSETS - PREVIOUS YEAR Unrestricted Funds Restricted Funds Endowment Funds TOTAL FiKed Assets Current Assets Current Liabilities 47.155 81.265 {5.962) 3,129 50,284 85,596 {5,962) 4,331 Net Assets at 31 March 2023 122.458 4,331 3.129 129,918