Treasurers Report for the year ended 31 December 2020
The Financial Accounts for the financial year 2020 (1 Jan 2020- 31 Dec 2020) have been reviewed and authorised by the Independent Examiner (G Sothcott).
The year 2020 has been exceptional in many ways and has naturally had an effect on the provision of scouting to the young people in 2[nd] Cramlington and to the effect on the financial resources of the Group. Grant funding made available to support various organisations during the year has meant the Group has not been adversely affected financially by the pandemic.
The members of the group are very grateful to the Grant funders (separately identified in the main Income section of the Financial Accounts) for the financial assistance they have provided.
A summary of the financial position as at 31 Dec 21 is as follows:
| Total income | 42,650. 85 |
|---|---|
| Expenditure | 27,332. 43 |
| Surplus / (Loss) in year |
15,318. 42 |
The Cash Position at 31 Dec 2020 is as follows:
| Opening Bank Balance 1 Jan 2020 | 9,010.93 |
|---|---|
| Surplus in 2020 | 15,318.42 |
| Closing Bank balance 31 Dec 2020 | 24,329.35 |
| Allocation of Cash Balance | (2,000.0 0) (2,752.5 0) (15,000. 00) 4,576.85 |
| Restricted Funds Received still to be spent |
|
| Capitation Fees | |
| Reserves Policy | |
| TOTAL AVAILABLE FUNDS |
Reserves Policy
The Group’s policy on reserves is to hold sufficient resources to continue the charitable activities of the Group should income and fundraising activities fall short. A certain level of reserves is required simply to finance and underwrite activities that generate a level of income. In addition, the Group Executive Committee consider it prudent to hold reserves for any unexpected expenditure that may be required for the Headquarters, such as possible new roofing, rewiring of the electrical system or general improvements. The Group Executive
Committee considers that the Group needs reserves of approximately £15,000 in order to achieve these objectives.
2nd CRAMLINGTON SCOUT GROUP
INCOME & EXPENDITURE FINANCIAL YEAR 2020
| INCOME GRANTS Northumberland County Council Northumberland County Council NCC Community Chest Cramlington Town Community Chest Blyth Windfarms Community Foundation Other Hadrian Trust Rothley Trust Catherine Cookson Charity Sub Total Grants NON GRANT INCOME Subscriptions Blyth Valley Explorers Rent Coffee Mornings Ardeche HQ Hire Section Activities Neckers GIFT AID Sub Total Non Grant Income |
Unrestricted 10,000 1,334 500 11,834.00 7,163.89 600.00 326.20 9,547.00 533.00 480.50 15.00 7,044.26 25,709.85 |
Restricted 1,769 838 500 500 1,000 500 5,107.00 - |
TOTAL 16,941.00 7,163.89 600.00 326.20 9,547.00 533.00 480.50 15.00 7,044.26 25,709.85 |
|---|---|---|---|
| TOTAL INCOME | 37,543.85 | 5,107.00 | 42,650.85 |
| EXPENDITURE SCOUTING OPERATIONAL COSTS Ardeche Capitation Fee BV Explorers Young leaders membership fee Stationery Badges Neckers Section Activities ( surfing, climbing, swimming) Training Tent Purchase Lottery Registration OSM Fees Key Registration fee Easy Scouting fee SUB TOTAL SCOUTING OPERATIONAL COS PROPERTY RUNNING COSTS Insurance BT Broadband Heating and lighting Wifi Photocopier Cleaning SUB TOTAL PROPERTY RUNNING COSTS PROPERTY REPAIR MAINTENANCE COSTS New boiler New Door Installation of Exterior Lighting New locks New shutters New flooring Cooker service Fire safety check Alarm Fencing No Contact Thermometer SUB TOTAL PROPERTY REPAIR MAINTENA |
9,547.00 3,105.00 90.00 912.25 686.13 62.50 368.96 15.00 95.95 20.00 159.00 198.00 54.00 TS 15,313.79 2,339.57 127.95 1,988.34 70.72 49.37 25.00 4,600.95 420.00 2,274.00 68.00 300.00 669.74 138.00 97.38 100.80 94.87 147.90 NCE COSTS 4,310.69 |
500.00 838.00 838.00 - 955.00 564.00 250.00 1,769.00 |
9,547.00 3,105.00 90.00 912.25 686.13 62.50 868.96 15.00 933.95 20.00 159.00 198.00 54.00 16,651.79 2,339.57 127.95 1,988.34 70.72 49.37 25.00 4,600.95 420.00 955.00 2,274.00 68.00 864.00 919.74 138.00 97.38 100.80 94.87 147.90 6,079.69 |
| TOTAL EXPENDITURE | 24,225.43 | 3,107.00 | 27,332.43 |
| INCOME /(EXPENDITURE) | 13,318.42 | 2,000.00 | 15,318.42 |
| UNRESTRICTED FUNDS B/F 1.1.20 | 9,010.93 | - | 9,010.93 |
| TOTAL UNRESTRICTED RESERVES C/F 31.1 | 2.20 22,329.35 |
2,000.00 | 24,329.35 |
To Michael Munro, Treasurer 2[nd] Cramlington Scouts
2[nd] March 2021
2[nd] Cramlington Scout Group accounts
After independently examining your accounts presented for the year 1[st] January 2020 to 31[st] January 2020 and reviewing a sample of your income and expenditure I confirm my agreement with your figures.
Regards,
Gerry Sothcott
Gerry Sothcott
07771 811441