2[nd] Cramlington Scout Group Treasurers Report for AGM to be held July 22
The income for the year was £41,648.56, expenses were £25,640.25 giving a net surplus of £16,008.41. This year’s surplus of £16,008.41 added to the brought forward cash balance of £24,329.35 gives closing reserves of £40,337.66.
The income of £41,648.56 was mainly due to the Grant funding received during the year of £30,237.71. The Group would like to thank the following grant funders for their support of the group during the year. This financial support is much appreciated to assist in the provision of scouting activities.
High Sheriff Coquet Trust Wellesley Trust Key fund James Knott Trust Frederick Milburn Trust Ridley Family Trust Community Foundation Northumberland County Council
Despite Covid affecting activities during the year, the leaders ran on- line programmes which meant that the numbers of young people were maintained and no downturn in the value of subscriptions received was experienced.
Expenditure was £25,640.25 and the single biggest expense item is the restricted grant funding (£10,294.97). This expenditure was incurred on the provision of some scouting activities during the year. Cleaning of the Headquarters saw an increase as more cleaning due to Covid was required after the Headquarters had been used.
The total cash reserves on 31 December 21 were £40,337.66 including £3,039.03 of restricted 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. The Group Executive Committee considers that the Group needs reserves of approximately £15,000 to achieve this for up to two years, also taking into consideration any unexpected expenditure that may be required for the Group’s building.
MA Munro
MA Munro Group Treasurer
Income & Expenditure Account 2021
For the Period 1 January 2021 to 31 December 2021
Prior Year
| Income Subscriptions Neckerchiefs Activity Deposits Hire HQ Gift Aid Coffee Morning Other Grants |
Unrestricted Restricted TOTAL Unrestricted Restricted TOTAL 7,393.89 7,393.89 7,163.89 7,163.89 120.00 120.00 15.00 15.00 205.49 205.49 9,547.00 9,547.00 1,529.00 1,529.00 1,133.00 1,133.00 1,682.89 1,682.89 7,044.26 7,044.26 474.58 474.58 326.20 326.20 5.00 5.00 480.50 480.50 18,903.71 11,334.00 30,237.71 11,834.00 5,107.00 16,941.00 30,314.56 11,334.00 41,648.56 37,543.85 5,107.00 42,650.85 1,740.95 1,740.95 0.00 0.00 2,755.00 2,755.00 3,195.00 3,195.00 975.52 975.52 252.00 252.00 1,363.04 1,363.04 9,915.96 9,915.96 572.80 572.80 748.63 748.63 13.65 13.65 0.00 0.00 2,990.22 2,990.22 2,339.57 2,339.57 325.28 325.28 198.67 198.67 2,003.03 2,003.03 1,988.34 1,988.34 1,400.00 1,400.00 25.00 25.00 50.93 50.93 289.95 289.95 12.48 12.48 912.25 912.25 19.36 19.36 49.37 49.37 45.85 45.85 0.00 0.00 240.77 240.77 2,036.69 2,036.69 836.40 836.40 2,274.00 2,274.00 10,294.97 10,294.97 0.00 3,107.00 3,107.00 15,345.28 10,294.97 25,640.25 24,225.43 3,107.00 27,332.43 14,969.28 1,039.03 16,008.31 13,318.42 2,000.00 15,318.42 24,329.35 9,010.93 40,337.66 24,329.35 22,329.35 2,000.00 24,329.35 9,010.93 0.00 9,010.93 14,969.28 1,039.03 16,008.31 13,318.42 2,000.00 15,318.42 37,298.63 3,039.03 40,337.66 22,329.35 2,000.00 24,329.35 STATEMENT OF RESERVES As at 31 December 21 Prior Year |
|---|---|
| TOTAL | |
| Expenditure Asset Capitation Fees Budget Activities Activities Badges & neckerchief Coffee Morning Insurance Broadband Heating Cleaning Other Office Photo copier Property Property Repairs Electrical Work Grant |
|
| TOTAL | |
| Surplus / (Loss) | |
| opening bank balance closing bank balance Reserves b/f movement in year |
|
| Closing reserves |
To Michael Munro
Treasurer, 2nd Cramlington Scouts
5th July 2022
Michael,
2nd Cramlington Scout Group accounts 2021
After independently examining your accounts presented for the year 1st January 2021 to 31st December 2021 and reviewing a sample of your income and expenditure I confirm my agreement with your entries and figures.
Kind regards,
Gerry Sothcott
07771 811441