Charity registration number: 520617 Scout Association registration number.. 11200 Scouts Cumbria Cumbria County Scout Council Annual Report and Financial Statements for the Year Ended 31 March 2024
Cumbria County Scout Council Contents (continued) Reference and Administrative Details Trustees, Report 2to7 Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Iotoll Balance Sheet 12 Notes to the Financial Statements 13to30
Cumbria County Scout Council Reference and Administrative Details Trustees Gavin Scott, County Chair Nicky Ripley, Secretary acted to 21 September 2023 Alan Clark, Treasurer Eddie Ward,, Lead Volunteer John Seed, Nominated Member, Chair of Facilities Josh Mcleod, Elected Member Peter Nicol, Elected Member Josh Musgrave, Elected Member Arthur Lester, Elected Member Neil Northman, Nominated Member acted to 21 September 2023 Carolyn Otley, Nominated Member acted from 21 September 2023 Martin Porter, Co-opted Member acted from 27 April 2024 Angus Beechley, Youth Lead Volunteer acted from l May 2024 520617 Charity Registration Number Prlnclpal Office Stricklandgate House 92 Stricklandgate Kendal Cumbria LA9 4PU Independent Examiner Stables Thompson & Briscoe Chartered Accountants and Statutory Auditors Lowther House Lowther Street Kendal Cumbria LA9 4DX Solicitors Burnetts 6 Victoria Place Carlisle Cumbria CAI IRS Bankers HSBC Bank PIC 64 Highgate Kendal Cumbria LA9 4TQ Page I
Cumbria County Scout Council Trustees, Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2024. Objectives and activities Objects and aims The objectives of the County are as a unit of the Scout Association. The Purpose of Scouting Scouting exists to actively engage and sUPPOrt young people in their personal development, empowering them to make a positive contribution to society. The Values of Scouting As Scouts we are guided by these values: Integrity- We act with integrity,. we are honest, trustworthy and loyal. Respect- We have self-respect and respect for others. Care- We support others and take care of the world in which we live. Bel ief - We explore our faiths, beliefs and attitudes. Co-operation We make a positive difference,, we co-operate with others and make friends. The Scout Method Scouting takes place when young people, in partnership with adults, work together based on the values of Scouting and.. Enjoy what they are doing and have fun Take part in activities indoors and outdoors Learn by doing Share in spiritual reflection Take responsibility and make choices Undertake new and challenging activities Make and live by their Promise. Publlc beneflt The main activities of the Scout County are: Developing Scouting in the County Supporting Districts Providing events to support the Youth Programme Providing Adult Training and Activity Training Operating a County Scout Centre at Ennerdale The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 2
Cumbria County Scout Council Trustees, Report (continued) Achievements and performance Summary of the main achievements of the charity during the year We started the year under review in April 2023 with a hectic period of selections for very different and very important roles. We commenced our search for our Patrol to represent Cumbria at Roverway in Norway, had the historic duty to select young people to represent Cumbria Scouts at the Coronation of HM King Charles 111, completed the search for a new Lead Volunteer for Eden District and commenced the search for a new Lead Volunteer for Reivers District. The County Team continued to be reshaped as part of the National transformation and a new County Team structure was established in advance of formal transformation, helping us work well together. The Trustee Board has adapted to the changes to ensure that the focus is on governance and work continues to aid oversight and processes. These changes will continue the work to align ourselves with charity regulators across the UK. The County now benefits from a digital structure for cloud-based storage of records and data. On the subject of assurance and oversight the Trustee Board were pleased to note excellent levels of compliance with mandatory training across the County, well within national targets. We are pleased that the Board were able to provide First Aid training resources to every District, which has helped our First Response training levels to be the envy of the Region, Work on assurance and compliance continues in conjunction with HQ Rapid Assurance Team, with a focus on Nights Away, Adult Training, Safety, Activity Permits and International Travel. We were very well represented at the St. George's Day Celebration at Windsor with 17 King & Queen Scouts invited, as well an award of Meritorious Conduct to Beaver Scout, Wesley Todd and several adult top award holders. Kln ueen Scouts Flnn Ballantyne Leah Albion Alexandra Nicklln Jack Bin ham Robert Albion Oliver Rushton Adam Bleasdale Aurora Davidson Kleran Ryan Kai Flahe Lfam Edgley Hamish Smeaton Brad Knowles Charlotte Horne Francis Smith-ward Emma Knowles Marcus Knag Silver Wolf an Calne Diane Robertson John Danks Graham White Bar to the Silver Acorn Brian Butterworth Elizabeth Hall Patricia Gr-sedal Keith Kin Page 3
Cumbria County Scout Council Trustees, Report (continued) Two of our young people also received recognition as joint Young Person of the Year in the Pride of Cumbria Awards, namely Wesley Todd and Frankie Mcmillan. Several of our youth members were invited to Buckingham Palace to receive their Gold Duke of Edinburgh Award, with 10 recorded in our annual census along with many more Silver and Bronze, Many Chief Scout Awards presented to our Squirrels, Beavers, Cubs, Scouts and Explorer Scouts. Further to their support of his majestvs coronation, we are pleased to note the award of HM The King's Coronation Medal to Euan Gilfillan, Victoria Mitchell and Shona Tait. Our annual census took place at the end of January, and it was pleasing to see continued growth, Youth Membership- up 2.1% {30271 Adult Membership- up 2.4%19591 Total Membership- up IOA139861 We welcomed new District Lead Volunteers to the team during the year, Nigel Harling in Eden Distritt and David Humes in Reivers District. Ennerdale Scout Training and Campsite Much practical work continues on our County campsite, with grateful thanks to a small team of volunteers. Focus has also been on compliance and safety with Safe Premises Audit refreshed and procedures reviewed, under the oversight of the County Support Team to feed back to the Trustee Board. Financial review The charity made a surplus of £2,07612023 - £9,354 before the reduction in value of the Ennerdale site). Reserves as at 31 March 2024 amounted to £574,23212023 £572,156) of which £99,949 12023- £90,852) were undesignated free reserves. Policy on reseThes The County's policy on Reserves IS to hold sufficient resources to continue the charitable activities of the County should income and fundraising activities fall short. The County Trustee Board considers that the County should hold an Operating Cost Reserve equivalent to approximately 12 months normal running costs, determined to be £50,000. In addition to the Operating Cost Reserve, at year end the County held an accumulated reserve of unrestricted general funds of over £50,000, together with monies reserved for.. improvement of the facilities at Ennerdale, development initiatives and financial support for international activities. Principalfunding sources The principal sources of funding for the County are: Annual Levy on all Young People Grants Income from investments Gifts, Donations and Legacies Page 4
Cumbria County Scout Council Trustees, Report (continued) Investment policy and objertives The County maintains a low risk strategy for the investment of its funds. All funds are held in cash or short term bonds (maximum duration 2 years) with mainstream banks or building societies and the level of holdi ngs reflects the lim its of the Financial Services Compensation Scheme. The County Trustee Board regularly monitors the levels of bank balances and the interest rates received to ensure the County obtains maximum value and income from its banking arrangements. Occasionally this may involve using an account that requires a period of notice before funds may be withdrawn; before doing so the County Trustee Board considers cash flow requirements. Financial instruments Objectives and policies The Charity's activities expose it to a number of fi nancial risks includi ng credit risk, cash flow risk and liquidity risk. The charity does not Use derivative f inancial i nstruments. Cashflow risk The Charity's activities expose it primarily to the financial risks of changes in scout numbers and interest rates. The Charity uses short term bonds to minimise exposure to interest rate fluctuations. Credit risk The Charity's principal f inancial assets are bank balances and cash, trade and other receivables, and investments. The Charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction i n the recoverabi lity of the cash flows. The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The Charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers. Llquldity rlsk In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the Charity uses a mixture of long-term and short-term debt finance. The charity is funding the Jam boree costs whi le the Scouts and their families are raising funds. Although this should be covered by fundraising, the time delay may cause liquidity Issues for the charity, as would any shortfall. The trustees are aware of this and are involved in encouraging the relevant Scout leaders and their Scouts to reach their targets within the necessary timeframes. Page 5
Cumbria County Scout Council Trustees, Report (continued) Structure, governance and management Nature of governing document The County'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 Association and the Policy, Organisation and Rule5 IPORI of The Scout Association. The County is a trust established under its rules which are common to all Scouts. The Trustees are appointed in accordance with the POR of The Scout Association. Organisational structure The County Is managed by the County Trustee Board, the members of which are the 'Charity Trustees, of the County Scout Council which is an educational charity. As charity trustees they are responsible for complying with the legislation applicable to charities. This includes registration, keeping proper accounts and making returns to the Charity Commission as appropriate. The Trustee Board comprises.. a Chairman, Secretary, Treasurer, County Lead Volunteer, County Youth Lead Volunteer, members nominated by the County Lead Volunteer in consultation with the County Chairman, and members elected by the County Scout Council. The Trustee Board meets at least 4 times each year. This County Trustee Board exists to support the County Lead Volunteer in meeting the responsibilities of the appointment. Its duties are laid out in detail in the Scout Association's POR 5, 16. Its principal responsibilities are: - Compliance with POR Protecting and maintaining property and equipment Managing County finances Providing insurance for people, property and equipment Providing suff icient resources for Scouting to operate Promoting and supporting the development of Scouting Managing and implementing a safety policy Ensuri ng a positive image of Scouting locally Appointing and managing sub-committees Ensuri ng that Young People are meaningfully involved in decision making at all levels Opening, closing and amalgamating Districts, County Scout Network and Scout Active Support units - Appointing and managing an Appointments Advisory Committee It must also: appoint administrators, advisors, and co-opted members; approve the Annual Report and annual Accounts after their examination by an appropriate auditor, independent examiner or scrutineer,. present the Annual Report and Annual Accounts to the Scout Council at the AGM and submit them to the appropriate charity regulator; maintain any necessary confidentiality on Trustee Board bu51 nes5,' act as a responsible employer in li ne with Scouting values and relevant legislation; ensure line management responsibilities for staff are clearly established and communicated Page 6
Cumbria County Scout Council Trustees, Report (continued) Risk and Internal Control The County Trustee Board has identified the major risks to which they believe the County is exposed. These have been reviewed and systems have been established to mitigate them. The main areas of concern that have been identified are.. Failure to follow Safeguarding Procedures. All adults are trained in Safeguarding procedures and carry a reminder card. The Scout Association maintains a dedicated team to deal with any issues as a matter of urgency, Damage to the building, property and equipment. The County has sufficient buildings and contents insurance in place to mitigate against permanent loss. Injury to leaders, helpers, supporters and members. The County through membership fees contributes to the Scout Association's national accident insurance policy. Risk Assessments are undertaken before all activities. Reduced income. The County is primarily reliant upon income from subscriptions and grants. The County holds a reserve to ensure the continuity of activities should there be a major reduction in income. The Trustee Board could raise the value of subscriptions to increase the income to the County, either temporarily or permanently, if necessary. Unauthorised expenditure. Limits on spending commitments by Lead Volunteers and other spending off icers responsible for the specific activities, are set in an annual budget agreed by the Trustee Board. Other spending is specifically authorised by the Treasurer, the Finance & General Purposes Sub-committee or the Trustee Board depending on the amount concerned. All cheques require two signatories and cheque signing limits are in place. Page 7
Cumbrla County Scout Council Statement of Trustees, Responslbllities The trustees are responsible for preparin8 the trustees, report and the financial Statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financlal statements. the trustees are required to: select suitable accounting policies and then apply them consistently: • observe the methods and principles in the Charities SORP; make Judgements and estSmates that are reasonable and prudent," state whether applicable accounting Standards have been followed, subject to any materlal departures disc105ed and explained in the financial statements; and prepare the financlal statements on the going concern bas15 unless It Is inappropriate to presume that the charity will contlnue In business. The trustees are responslble for keeping proper accountin8 records that dlsclose wlth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statement5 comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for takin8 reasonable steps for the prevention and detection of fraud and other Irre8ularities. The trustees are responslble for the malntenance and Integrlty of the corporate and flnanclal information included on the charitable company's website. Legislation governing the preparation and dlssemlnatlon of financlal statements may differ from legislatlon in otherjurisdlctlons, Approved by the trustees of the charity on 20 Au8USt 2024 and signed on its behalf bv: Gavln Scott Trustee EddSe Ward, Trustee Page 8
Cumbria County Scout Councll Independent Examiner's Report to the trustees of Cumbria County Scout Councll I report to the trustees on my examination of the accounts of Cumbria County Scout Council for the year ended 31 March 2024. Responsibilities and basls of report As the charity trustees of Cumbria County Scout Council you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report In respect of my examination of the Cumbria County Scout Council's accounts carried out under section 145 of the 2011 Act and in carrying out my examinatlon I have followed all the applicable Directions given by the Charity Commlssion under section 14515llb) of the Act. Independent examlnerfs statement I have completed my examination, I confirm that no material matters have come to my attentlon In connection with the examination giving me cause to believe that in any material respect: l. accounting records were not kept in respect of Cumbria County Scout Council as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply wlth the accountlng requlrements concernln8 the form and content of accounts set out In the Charitles {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and falr view, which is not a matter consldered as part of an Independent examlnatlon. I have no concerns and have come across no other matters In connectlon wlth the examination to which attention should be drawn In thls report In order to enable a proper understanding of the accounts to be reached. Helen Holmes FCA Bsc Chartered Accountants and Statutory Auditors ICAEW Lowther House Lowther Street Kendal Cumbria LA9 4DX 202-L¥ Page 9
Cumbria County Scout Council Statement of Financial Activities for the Year Ended 31 March 2024 Total 2024 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities 33,571 45,732 5,909 1,400 17,011 34,971 62,743 5,909 Investment income Total income 85,212 18,411 103,623 Expenditure on: Charitable activities 171,3761 {30,171) 1101,5471 Total expenditure 171,3761 {30,171) 1101,5471 Net movement in funds 13,836 111,760) 2,076 Reconciliation of funds Total funds brought forward 556,752 15,404 572,156 Total funds carried forward 20 570,588 3,644 574,232 The notes on pages 13 to 30 form an integral part of these financial statements. Page 10
Cumbria County Scout Council Statement of Financial Activities for the Year Ended 31 March 2024 (continued) Unrestricted funds Restricted funds Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities 35,802 41,220 1,481 258 11,622 50,032 47,424 91,252 1,481 258 Investment income Other income Total income 78,761 61,654 140,415 Expenditure on: Charitable activities 173,7201 {57,341) 1131,0611 Total expenditure 173,7201 {57,341) 1131,0611 Net income 5,041 338,150 4,313 1338,150) 9,354 Gross transfers between funds Other recognlsed galns and10sses Gains/losses on revaluation of fixed assets for charity's own use {218,0181 1218,0181 Net movement in funds 125,173 1333,8371 1208,6641 Reconciliation of funds Total funds brought forward 431,579 349,241 780,820 Total funds carried forward 20 556,752 15,404 572,156 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 20. The notes on pages 13 to 30 form an integral part of these financial statements. Page 11
Cumbria County Scout Council (Registration number: 520617) Balance Sheet as at 31 March 2024 2024 2023 Note Flxed assets Tangible assets Investments 13 243.279 161,098 243,412 157,600 14 404,377 401,012 Current assets Stocks 15 4,603 26,574 80,957 200,347 2,352 6,073 80,159 211,950 Debtors 16 Investments Cash at bank and in hand 17 18 312,481 300,534 Creditor5: Amounts falling due wlthln one year Net current assets 19 (142,626} 1129,3901 169,855 171,144 Net assets 574,232 572,156 Funds of the charlty: Re5trlcted Income funds Restricted funds 20 15,404 Unrestrlcted Income fvnds Unrestricted funds 570,588 556,752 Total funds 20 574,232 572,156 The financial statements on pages 10 to 30 were approved by the trustees, and authorised for Issue on 20 August 2024 and slgned on their behalf by: Gavin Scott Trustee The notes on pages 13 to 30 form an inte8ral part of these financial statements. Page 12
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 l Accounting policies Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- Icharities SORP IFRS 102120191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Basis of preparation Cumbria County Scout Council meets the definition of a public benefit entity under FRS 102. 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 notelsl to these accounts. The financial statements are prepared in sterl ing which is the functional currency of the charity and rounded to the nearest £. Golng concern The trustees consider that there are no material uncertainties about the charity's abil ity to conti nue as a going concern. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donations und legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Grants recelvable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Investment income Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. Page 13
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable activities Charitable expenditure comprises those costs incurred by the charity in the del ivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, Strategic management and trustees, meetings and reimbursed expenses. Government grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied excl usively to charitable purposes. Tangible fixed assets Individual fixed assets costing £200.C() or more are initially recorded at cost, Page 14
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Asset class Depreclatlon method and rate Not depreciated as residual value is more than cost 250A reducing balance 250A reducing balance (boats 10-2 straight li nel Land and buildings Office equipment Boats and camping equipment Flxed asset Investments Fixed asset investments, Other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end. Current asset investments Current asset investments are included at the lower of cost and net realisable value / market value. Stock Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate. Trade debtors Are amounts due from customers for merchandise sold or services performed in the ordinary course of business and are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of is established when there is objective evidence that the will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 15
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppl iers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund structure Unrestricted i ncome funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Pensions and other post retirement obligations The pension costs charged in the financial statements represent the contribution payable by the charity during the year. Financial instruments Classific(rtion Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities, Page 16
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Recognition and measurement All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initial ly measured at fair value {which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when al the contractual rights to the cash flows from the financial asset expire or are settled, bl the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or cl the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Investments Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment. Investments in subsidiaries and associates are measured at Cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qual ifying for merger relief, cost Is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored, Fair value measurement The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place, If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. Page 17
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 2 Income from donations and legacies Unrestricted funds Restricted funds Total 2024 Total 2023 General Donations and legacies,. County Levy Donations from companies, trusts and si milar proceeds Donations from individuals Grants, including capital grants; Cumbria County Council grant Westmorland & Furness Council Grant Cumberland Council Grant 12,060 12,060 10,695 800 1,511 1,400 2,911 15,929 20,000 10,000 10,000 10,000 10,000 33,571 1,400 34,971 47,424 The trustees are grateful for all donations and financial assistance received, from both individuals and organisations, in support of Scouting in Cumbria. 3 Income from charltable actlvltles Unrestricted funds General Restricted funds Total 2024 Total 2023 Badge sales Facilities income: Ennerdale 118 118 825 38,854 38,854 29,177 Roverway: Fundraising & other support Jamboree: Fundraising & other support Sectional activities 13,010 13,010 4,001 4,001 6,760 50,032 11,218 6,760 45,732 17,011 62,743 91,252 Page 18
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 4 Investment income Unrestricted funds General Total 2024 Total 2023 Interest receivable and similar income,. Interest receivable on bank deposits 5,909 5,909 1,481 5 Expenditure on charitable activities Unrestricted funds General Restricted funds Total funds Cost of badges and neckers sold Facilities expenditure: Ennerdale Depreciation of boats and camping equipment Jamboree and international expenditure Roverway expenditure Sectional activities and support costs Leader trai ning Depreciation of Ennerdale equipment Support Costs Governance costs 75 75 33,536 673 33,536 673 17,637 12,534 15,908 6,734 84 17,637 12,534 15,908 6,734 84 11,427 2,939 11,427 2,939 Total for 2024 71,376 30,171 101,547 Total for 2023 73,720 57,341 131,061 Page 19
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Activity undertaken directly Activity support costs 2024 2023 Cost of badges and neckers sold Facilities expenditure: Ennerdale 75 75 701 33,536 33,536 31,585 Depreciation of Ennerdale equipment Jamboree and international expenditure Roverway expenditure Section activities and support costs 673 673 591 17,637 12,534 17,637 12,534 57,341 15,908 6,734 15,908 6,734 19,250 5,203 Leader trai ning Depreciation of boats and camping equipment Jamboree 1ST Support Support costs Governance costs 84 84 112 1,200 11,086 3,992 11,427 2,939 11,427 2,939 87,181 14,366 101,547 131,061 £71,376 12023 - £73,720) of the above expenditure was attributable to unrestricted funds and £30,17112023 - £57,341) to restricted funds. Governance costs and support costs are shown in more detail in note 6. Page 20
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 6 Analysis of governance and support costs Governance costs Unrestricted funds Total 2024 Total 2023 General Independent Examiner's remuneration AGM expenses Travel and subsistence 1,980 416 543 1,980 416 543 1,980 672 1,340 2,939 2,939 3,992 Support costs: 2024 2023 Staff Costs 7,390 5,648 553 Insurance 574 County Office costs Cost of meetings Printing, postage, stationery and telephone Software costs 2,019 78 1,909 100 285 287 367 345 Other miscellaneous expenses Fees for valuation of Ennerdale campsite Bank charges Depreciation of office equipment 425 600 1,205 166 85 204 273 11,427 11,086 Page 21
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 7 Government grants In 2023 Cumbria County Council provided a grant to support the development and infrastructure to enable the charity to support the personal development of members. Following the local government restructure this grant was provided in 2024 equally by Cumberland Council and Westmorland & Furness Council. The amount of grants recognised in the financial statements was £20,00012023 - £20,000). 8 Net incoming/outgoing resources Net incoming resources for the year include,, 2024 2023 Depreciation of fixed assets 961 976 9 Trustees, remuneration and expenses During the year the charity made the following transactions with trustees: Alan Clark £390 {2023: £1,108) of expenses were reimbursed to Alan Clark during the year. Eddie Ward, £2,40512023,. £2,076) of expenses were reimbursed to Eddie Ward, during the year. Nicky Ripley £8312023.. £1071 of expenses were reimbursed to Nicky Ripley during the year. Peter Nicol £349 {2023: £231) of expenses were reimbursed to Peter Nicol during the year. Gavin Scott £Nil12023.. £2051 of expenses were reimbursed to Gavin Scott during the year. Josh Musgrave £Nil12023'. £64) of expenses were reimbursed to Josh Mu5grave during the year. Nathon lon £Nil12023.. £1,078) of expenses were reimbursed to Nathon lon during the year. Josh Mcleod £258 {2023: £491 of expenses were reimbursed to Josh Mcleod during the year. Liam Edgley £Nil12023'. £44) of expenses were reimbursed to Liam Edgley during the year. Page 22
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Neil Northman £220 {2023: £Nill of expenses were reimbursed to Neil Northman during the year, Travel and out of pocket expenses amounting to £3,70512023 - £4,962) have been reimbursed to 6 Trustees {2023- 9 Trustees). No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any other benefits from the charity during the year. Donations made by the trustees without any conditions attached totalled £856 for the year12023 £1,952). 10 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs during the year were: Wages and salaries Pension costs 7,357 33 5,630 18 7,390 5,648 The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows: 2024 No 2023 No Administrator 1 {2023- 11 of the above employees participated in the Defined Contribution Pension Schemes. Contributions to the employee pension schemes for the year totalled £33 {2023- £181. No employee received emoluments of more than £60,000 during the year Page 23
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 11 Independent examiner's remuneration 2024 2023 Other fees to examiners Examination-related assurance services 1,980 291 1,980 369 Taxation compliance services 2,271 2,349 12 Taxation The charity is a registered charity and is therefore exempt from taxation. 13 Tangible fixed assets Boats and camping equipment Land and buildlngs Office equipment Facilities equipment Total Cost At l April 2023 Additions 237,500 6,492 28,844 5,899 828 278,735 828 At 31 March 2024 237,500 6,492 28,844 6,727 279,563 Depreciation At l April 2023 Charge for the year 5,674 28,507 1,142 35,323 204 84 673 961 At 31 March 2024 5,878 28,591 1,815 36,284 Net book value At 31 March 2024 237,500 614 253 4,912 243,279 At 31 March 2023 237,500 818 337 4,757 243,412 Page 24
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Revaluation The fair value of the company's Land and buildings was revalued on l November 2022 by The campsite at Ennerdale was revalued at open market value by Andrew C M Thompson MRICS, RICS Registered Valuer on behalf of Bell Ingram LLP on 1st November 2022. Had this class of asset been measured on a historical cost basis, their carrying amount would have been £455,51812023 - £455,518). 14 Fixed asset investments 2024 2023 Other investments 161,098 157,600 Other Investments Unlisted investments Total Cost or Valuation At l April 2023 Additions 158,600 2,498 158,600 2,498 At 31 March 2024 161,098 161,098 Net book value At 31 March 2024 161,098 161,098 At 31 March 2023 158,600 158,600 15 Stock 2024 2023 Stocks on hand 4,603 2,352 Page 25
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 16 Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 19,348 4,835 2,391 974 1,104 3,995 26,574 6,073 17 Current asset investments 2024 2023 Cash deposits 80,957 80,159 18 Cash and cash equlvalents 2024 2023 Cash on hand 296 150 Cash at bank Short-term deposits 2,101 197,950 13,800 198,000 200,347 211,950 19 Creditors; amounts falling due within one year 2024 2023 Trade creditors 2,559 101 3,827 138 Other taxation and social security Payments on account Other creditors 5,947 109,996 24,023 18,291 102,741 4,393 Accruals 142,626 129,390 Membership subscriptions are collected from Scout Groups on behalf of the Scout Association and paid over after the year end. Page 26
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 20 Funds Balance at l April 2023 Balance at 31 March 2024 Incoming resources Resources expended Unrestrirted funds Geneml Accumulated reserve 90,852 42,360 133,263) 99,949 Designated Boat fund Ennerdale Camp Site Fund Other tangible fixed assets Ennerdale Improvements International Operating cost reserve Development I nitiatives Dragnet fund 300 300 237,500 337 237,500 253 1841 134,209) 89,033 61,205 50,000 25,000 2,525 38,852 93,676 61,205 50,000 25,000 2,705 4,000 13,8201 138,1131 465,900 42,852 470,639 Total unrestricted funds 556,752 85,212 171,3761 570,588 Restrlcted funds World Scout Jamboree 2023 15,404 5,401 13,010 117,6371 112,5341 3,168 476 Roverway 2024 Total restricted funds 15,404 18,411 130,1711 3,644 Total funds 572,156 103,623 {101,5471 574,232 Page 27
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Balance Balance Other at31 at l April Incoming Resources recognised March 2022 resources expended Transfersgains/(losses) 2023 Unrestricted funds Geneml Accumulated reserve 80,547 45,700 136,5951 1,200 90,852 Designated Boat fund 300 300 Ennerdale Camp Site Fund Other tangible fixed assets Ennerdale Improvements International 112,068 449 343,450 1218,0181 237,500 337 {1121 {32,1761 91,863 67,705 50,000 25,000 3,647 29,346 89,033 61,205 50,000 25,000 2,525 16,5001 Operating cost reserve Development I nitiatives Dragnet fund 3,715 14,837) 137,1251 336,950 1218,0181 465,900 351,032 33,061 Total unrestricted funds 431,579 78,761 173,7201 338,150 1218,0181 556,752 Restricted Ennerdale Project World Scout Jamboree 2023 343,450 1343,4501 5,791 61,654 157,341) 5,300 15,404 Total re5trlcted funds 349,241 61,654 157,3411 1338,1501 15,404 Total funds 780,820 140,415 1131,061) 1218,0181 572,156 Page 28
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) The specific purposes for which the funds are to be applied are as follows: The Ennerdale Camp Site Fund represents the unrestricted funds invested in the land and buildings at Ennerdale not included in restricted funds. The Boat fund represents boats purchased with capital grants and monies gifted or raised for future purchases. Ennerdale improvements- for planned improvements of facilities. The International fund is primarily to assist with cash flow arrangements for scouts attending international events. Development initiatives are for County wide initiatives to develop scouting. Operating cost reserve is money set aside to cover uncertainties relating to future income. The Dragnet fund is money set aside for the running of the Annual Dragnet Competition by Cumbria Scouts. The 25th World Scout Jamboree 2023 Fund represents monies raised through grants, donations and fundraising towards the sending of a contingent of eighteen Cumbria scouts as part on Unit 48 to the Jamboree in South Korea in 2023. This is a restricted fund. The Roverway 2024 Fund represents monies raised through grants, donations and fundraising towards the sending of a patrol of eight Cumbria scouts to the Roverway in Norway in summer 2024. This is a restricted fund. The accumulated reserve represents the remaining undesignated unrestricted funds. Page 29
Cumbria County Scout Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 21 Analysis of net assets between funds Total funds at 31 March 2024 Unrestricted funds General Designated Restricted funds Tangible fixed assets Fixed asset investments 614 242,665 161,098 79,971 113,095) 243,279 161,098 312,481 1142,6261 Current assets 228,547 1129,2121 3,963 {3191 Current liabilities Total net assets 99,949 470,639 3,644 574,232 Total funds at 31 March 2023 Unrestricted funds General Designated Restricted funds Tangible fixed assets Fixed asset investments 818 242,594 157,600 73,753 18,0471 243,412 157,600 300,534 1129,3901 Current assets Current liabilities 211,377 1121,3431 15,404 Total net assets 90,852 465,900 15,404 572,156 22 Related party transactions There were no related party transactions in the year. Page 30