Charlty rogistration number 520719 DURHAM SCOUT COUNTY COUNCIL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 DURHAM SCOUT COUNTY COUNCIL LEGAL AND ADMINISTRATIVE INFORMATION Trustees N McCom)id( H Stubbs J Elliott CA Batty SA Vthatt 8 Johnson P Harnby AV Pelling CP Gronc RD Currah G Piskosz Ireland (App￿nted 27 June 20231 (Appointed 27 June 2023) Charfty number 520719 Auditor Robson Laidler A¢couniants Limited Fernwoc￿ House Fernwood Road JesmorKI Newcastle upon Tyne NE2 1TJ Bankers CAF Bank lQ'ngs Hill IAtsl Malling Kent UK ME19 4TA Lloyds Bank 19 Market Plxe Durham DH1 3NL DURHAM SCOUT COUNTY COUNCIL CONTENTS Pago Chairman's statement Trustees, report IndepeTh￿enl audrtorfs report 10- 12 Slatement of financial activrties 13-14 Balance sheet 15 Statement of cash flows 16 Notes to the financial statements 17-29 DURHAM SCOUT COUNTY COUNCIL CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 Ag ltr￿ Chair of Ourtwm Scouts Truslee PAwd. It glves me to pro$8nt our Truste83' Annual Report for the year endiry 31sl March 2024. This year has w us concentratiffj Wddually knrknntlng the chavJes required under Ihe Tr8nstk)n agenda léd by Greg Piskosz our TransfoM￿￿.0n Lead. No one Ilkes to d￿nge bul tho changes refloct updetes in govemancè and requirements ol the Charfty Commission. as well as taking a nfftv and imjld look al slnjclurps, training and responslbrtities in Scoutiffj. Greg is (kning a sterling job. and we arg grateful for his (xvnmibnent and enlhuslasm. 1am gr81oful for oa¢h and every ad￿ who freety gNOS of thelr time lo rnako swe th8t County has 8 sound gr888 roots Scwtsng gxperience ald an oxcilnig Challtin￿ Dislitt Ccxmty ￿ogramMe of St4)Lrting. Lasl year I Invlied le￿rn to kloor Hwse Actlvlty Cwtre a￿4 oxperien￿ xwn• of tho acllvll•s T4￿ have on offer for 811 our young people. I'm ￿eSSed lo Sèo ihal many of you have ￿)ffle and enpyed the acbvftles and perhaps spgnl a low n￿hts in lh9 gn)urK15. We extremely fortunate lo have ihls fac411ty, and l am gr8tolul to Mart( Irgland who chaK5 the H•￿se Mana9emefil Board and io Ihe staff 8nd volunteers who so exportly look after our f8dllUes. 8ehlnd the ￿ene$ we have been working on Seve￿ challenges Tht*iGh Iwve beoD time consuming. l am gratefvl lor the contrlbullons of Bryan Johnson and our TnL8tees have spont time ensuring our FKlicie6 and procedures are flt for purrx>se and In the forthcjjming year wdl to relro8h Ih688 and provide ex8mple8 d how the88 C be used at Dislnct and Group level. My Ihanks go lo t￿ Chair of our Flnanco Manag8m•nt Bt)¥d. Nick Mcconrock and County Tr8asurer. Phil Hamby for their hard work In m8naging Our finances and providing us with th8 Annual Stsiemant ol accounts, and b SIttv8n Whatt lof hls dilwnl sècreiarlal supiyJ1 In ts County Can I Ihank all •KI stsff mernber3 for thelr (xy*bulK>n to th s￿￿¢ Cwnty and w4sh you 811 an enloyable futur• year in Scwtsng. Good S¢ served durry the year arKI up to the date of &gnature of the financial statements were.. N mcc0rm￿k H Stubbs J Elliott CA Batty SA B Johnson CG Knox P Harnby AV Pelling CP Gionow RD Currah G Pisk05Z M Ifeland (Appointed 27 June 2023) {Appointed 27 June 2023) {Resigned 31 May 2024) (Resigned 30 September 2023) (Resigned 31 August 20231 l Hammond Most of our new Irustees are from a scouting background and are therefore familiar with the objectives and operation of the charity The Scout County continues to be member of NCVO, which makes additional comprehensive training and support available lo trustees. The County Lead Volunteer and County Youth Lead are eX-Offic￿ trustees,. Additional Irustees are elected or co-opted lo the County Trustee Board in accordance with the charity's constitution referenced above. The trustees meet regularly to discuss am matters in relation to the charity and there are additional sub committees to deal with defined temis ot reference approved by the trustees:. The Moor House Management Board manages the operation of Moor House Acts'vty Centr6. The Finance Managemenl 8oarO is responsible f￿ definirrfJ financial polw, establ•shing financial and accounting practices, ensuring effective financial governance and ratsing additional furKIs., The Chair of bolh boards is appointed by t1￿ Trustee Board and is required under Ihe Terms of Reference to be a trustee of the charity and report to the ful board of trustees. DURHAM SCOUT COUNTY COUNCIL TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Stat•m•ni ol trus1••1' Tespon*ilHlIli•s Thp tft151e•s Ar• r•ipnnwbl* Inr ffepAring Iha T￿￿te83. Rwmwt the staièiiienrs kn accAY0￿ce applicaile Unilod Kingdom Icc(NMthg Standtrds IUril•d G•nwaly Acwod Accounbng Pracbc61. The law 8pplicolkn lo chwrties In E￿l￿d qnd faq￿1•9 tho tru•iees to wepare financd stBtemenls fry each finan¢iBI year which giv• & ond l•1 of Ihe sthte chwty *MI Lrf ¢he kncorrlng reswrc•s and applicatson ol re$wrces ol the tha(Ity lor Ihul In wepanng thei• fM)•roal st•lemwts. th• trusl••s ￿ rwad lo". . seled suit•ble aCc￿rt￿ poliaes tlwb •)•fi c(n95t•r*.' . ob5wv• lh• m•r￿a$ the Chtrlilo$ SORP, . rnak• estffiaw reasor* . slate acc￿r￿lry standards 1•8 bem Id(pHeLI. to ary rn*on'•l dyrtur•s OsckJs•J an¢ In the finència and . prewe Ihe slthmerts M Ihe pnq basls in•pwOF￿ate to pr•*vrn thal Ihe thanty wll conimuo n wakn. Ih¢ trus14￿ ar• r•sp)ns￿o forkeeF*￿ i•cords th5dose Kéasc*￿b5é accuracy at me the financial positson ol the an(1 8naL4a tkn to enswe th￿ th8 financ4rl s￿￿0n1* rxwnFAy th• Chantres Ad 2011. lh& Chwhty (Acccwts and ReFxxtsl Regjth￿s 21x18 and the wowswis of Ihe biJst deed. Th are re$r￿#bI+ for saftsgwrfwvj the assets of hence lor tsklno fe85m&ble slaps for the Prevenb￿ det¢dlM of fraud othw Tlity bsjslees, rnport wa$ 4yLwI ivy U* Buard ot T￿Stee Oaltt. DURHAM SCOUT COUNTY COUNCIL INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DURHAM SCOUT COUNTY COUNCIL Opinion We have audited the financial slatements of c￿[harn Sc(xrt County Council (the 'chanty'l for the year ended 31 March 2024 which compnse the statement of financial actrvities. Ihe balance sheel. the slatement of cash flows and notes lo the financial statements. induding S￿nIfICant accounting policies The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standard5. Including Financial Reporting Standard 102 Tlio Findi￿la1 Raporting Slandard applicable in the UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements". give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources. lor the year then ended. have l)een properly prepared in aCc￿danCe wilh United lQ'ngdom Generally Accepted Accounting Practi￿. and have been prepared in accordance w'ith the requirements of the Charities Act 2011. Basis for opinion We conducted our audil in accordance with International Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities urKler those stsndards are further descnbed in the Audilofs respoiisibilil￿s lor Ilio audit ol the financial slalemenls section of our report We are independenl of the charity in accordance wilh the ethical requirement5 that are relevant to our audit of the financial statements in the UK: including the FRC'S E*kn￿al Standard, and we have fulfilled our other ethical responsibilitiès in accordance V￿th these requirements Vve believe that the audit evidence we have obtained Is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the truslees, use of the going concem basis ol accounling In the preparatson of Ihe financ￿1 slatements is appropriale. Based on the work we have performed. we have not identified any malenal uncertainties relating io events or conditions thal. individually or collectively. may cast ￿gnificant doubt on the charity's ability lo continue as a going concem for a period of at least twelve months from when Ihe financial statements are authori5ed for issue. Our responsibilities and the respon5ibilrties of the trustees witr respect lo giyng concern a￿ described in the re￿Want sections o( th￿ report. Other inlormation The other information comprises the InfOnnati￿ included in the annual report other than Ihe ￿nar￿jaI statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual feporl. Our opinion on the financial ststements does not cover Ihe other information and we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other infoimation and, in doing so. consider whether the other inlomiation is matenally inconsistent with the financral statements or our knowledge obtained in the course of the audil, or otherwise appears to be matenally misstated. If we identify such material inconsistencies or apparent material misstatemenls. we are required to determine whether this gives nse to a material misslaternenl in the finan￿al statements themselves. If, based on the work we have perfornied. we condude that there is a m8terial Mi￿tatement of this other inf(ymation. we are required to report that fact. We have rK)thing to report in this regard. Matters on which we are requlred to report by èxc¢ptlon We have nothing to report in respect of the followng matters in relation to *thich the Charities (Accounts and Reports) Regulalion5 2008 require us to report lo you if, in our oynion. the Information given in the finants.al statements is irrnnsistent in any material respect with the trustee5' report. or sufficient accounting records have not teen kept.. or Ihe financial stalements are not in agreement wth the accounting recLYds'. or we have not received all the information and explanations we require for Our audit 10- DURHAM SCOUT COUNTY COUNCIL INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE TRUSTEES OF DURHAM SCOUT COUNTY COUNCIL Responslbllltles of tru8teO8 As explained more fully in the statement of trustees, resFhMsibilities. the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Irustees determine is necessary to enable the preparation of financial statements that are free from matenal misslatemenl, whether due lo fraud or In preparing the financial slatemenls. the trustees are responsible for assessing the charity's ability to continue as a goirYJ concem, disclosing. as applicable, matters related lo going concern and using the going concern basis of accounting unless the trustees erther intend to cèase Iwerabons, or have no realisbc alternative bul to do so. Auditor's responsibllbties for the audlt ol the flnanclal 8talaments We have been appointed as auditor under section 144 of the Chariti'e5 Act 2011 and report In accordan￿ with the Act and relevant regulations made or having effecl the￿Under Our obiectives are to obiain reasonatle assurance about whether the finanual statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance bul is nol a guarantee that an audit conducted in accordance with ISAS (UKI will always detect a material misstatement vthen it exists. Misstatements can arise from fraud or error and are consKlered material if. individualty or in the aggregate. they could reasonably be expeded to influen¢8 the economic deci￿OnS of users taken on the basis of these financial statements. The exient to which our procedures are capable ol detecting irregulantses. including fraud, 18 detailed below, The risk of mater￿1 misstatement due to effof or fraud has been assessed in conjunction with how internal controls may mitigate any such risk These controls are ￿￿eWed as part of the aLKIrt by perforniing systems walklhroughs lo ensure they are operating effectively. Othef substantive testing is also performed on all material balances and therefore and instances of non-compliance should be idenlified or considered as insignificant, A further description of our responsibilities is available on the Ftnancial Reporting Counal's website at-. httPS.11 w.1rc.org.uklauditorsresponsibilities. This descriplion lorms part ol our auditor's reFrfJrt. 11 DURHAM SCOUT COUNTY COUNCIL INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE TRUSTEES OF DURHAM SCOUT COUNTY COUNCIL Other matters Your attenb'on is drawn to the fact that the chanty has prepared financial statemenis in a¢¢ordan¢e ￿￿th "Accounting and Reporting by Charities. Statement of Recommended Pfactice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" la5 amended) In Prefere￿e lo the Accounting and Repth'ng by Charities. Stalement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations Ixrt has been withdravm. This has been done in order for financial statemenis to provide a true and fair view in accordan￿ with current Generally Accepted Accounting Practice. Use of our report This report is made solely to the chafity's trustees. as a Ixxly, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008 Our audit w￿[k has been undertaken so Ihal we might slate to the chanly's Iruslee5 those matters we are required to state to them in an aLKJitOf'S re￿￿ ar)d for no othèr purpose. To the fijllest extent permitted by law we do not accept or assume responsibility to anyone olhef than the charity and the charity's trustees as a body, for our aLKiit work. fw this report. or for the opinions we have formed. fn Michael T Moran BA FCA Isenlor Statutory Audltor) for and on behalf of Robson Laidler Accountants Lirnited 7 J41Wi4r Statutory Auditor Femwood House Fernwood Road Jesmond Newcastle upon Tyne NE2 1TJ Robson Laidler A¢c(xJntants Limited is et￿1b1e for apwintment as audilor of the charity by virlue of its eI￿lbIlIty for appointment as auditor of a company under sectson 1212 of the Companies Act 2006. 12- DURHAM SCOUT COUNTY COUNCIL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current flnanclal year Unrestricted tunds 2024 Restrlcled funds 2024 Total Total 2024 2023 Notes Income and endowments from: Donations and legaaes Charitable activities Other Irading adivilies Investments Other income 3.378 263,272 402,797 13,219 1.774 1.750 5,128 263.272 402,797 13,219 1,774 20,776 121,074 401,906 8,412 18.028 Total Income 684.440 1.750 686,190 570,196 Expenditure on: Raising funds Charrtable actiVTties 313.011 333.889 313,011 334,277 310.934 224.146 388 Total expendlture 646,900 388 647.288 535.080 Net gainslllosses) on trwestments 15 5.011 5.011 (3,102> Net income 42.551 1,362 43.913 32,014 Nel movement In fund$ 12 42,551 1,362 43,913 32,014 Reconclllatlon of funds". Fund balances al 1 Apnl 2023 896,902 64,683 961,$85 929,571 Fund balances at 31 March 2024 939.453 66.045 1,005,498 1,585 The statement of financial aclivthes inclLKles all gains losses recognised in the year. All income armd expenditure derive from continuing acti¥ilies. 13- DURHAM SCOUT COUNTY COUNCIL STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior flnancial year Unrestrlcted funds 2023 Restrlcted funds 2023 Total 2023 Note8 Income and end0¥￿iefits from: Donations and legacies Charrtable actiwties Other trading activit*s nvestments Other incorne 3.653 121.074 401,906 8,412 18.028 17,123 20,776 121,074 401.906 8,412 18,028 Total Income 553.073 17,123 570,196 Expenditure on: Raising funds Charitable activites 296.581 224.146 14.373 310,934 224,146 Total expenditure 520.707 14.373 535,080 Net gainslclosses) on investments 15 (3.1021 (3.102) Nel income 29.264 2.750 32.014 Transfers between funds 35,126 (35.126> Net movement in funds 12 64,390 132.376) 32,014 Reconclliation of funds: Fund balances at 1 Apnl 2022 832.512 97.059 929,571 Fund balance8 at 31 March 2023 896.902 64.683 961,585 14. DURHAM SCOUT COUNTY COUNCIL BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Flxèd assots Tangible assets Investmenls 17 18 474.871 141,339 491,615 136.328 616.210 627.943 Currnnt ass•ts Stocks Debiors Cash 81 bank and ffi hand 19 20 5,884 168,199 676,920 98.493 ns.094 838.587 851,003 Credllors." amounts falllng within on• y•ar 21 1449.2991 (517,3611 Ngt currenl a•*•ts 389,288 333.642 Total asuts hss curr•nt Ilabllltks 1.(M)5.498 961,565 N•t a•$ots excludlng p•nslon liablllty 1.005.498 961.585 Th• funds of Ihe charity Restricled income funds Unre5tiicted l￿d5 23 66.045 939.453 84,683 896,902 1.005.498 961.$85 The finandal 51atemenls wwe apwoved by the trnslees on .. N Mccofmick Tnt$l•• P Hamby Truslee DURHAM SCOUT COUNTY COUNCIL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activitles Cash generated from operatic￿$ 27 48.002 42,919 Investlng actlvltles Purchase of tangible fixed assets Investment income received {3.0471 13.219 {43.778) 8.412 Net cash generated fromllused In) Investlng acllvitles 10.172 (35.3681 Net cash used In flnanclng a¢tfvltles Nel increase in cash and cash equNalents 58.174 7.553 Cash and cash equivalents at beginning of year 676.920 669.367 Cash and cash equivalent5 al end of year 735.094 676.920 16- DURHAM SCOUT COUNTY COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charlty Infomiation Durham Scout County Council is a charity registered In EngiarKI and Vtsles, registration number 520719. It 18 governed by three document8'. 11 The Scouts Association - Royal charter 1912{as amended)" 2) The Policy. Organisation and Rules of The Scout Asscoalion(POR); 31 Constitution of the Durham Scout County Councjl The chanty's registered off￿e is the Moorhouse ActNty Centre: Rainton Gate, Houghton4e-Spring, DH4 6aY. 1.1 Accountlng Convontlon The financial stalements have been prepared in accordance wilh the Dwham ScoLrts' Deed of Trust. the Charities Act 2011. FRS 102 "The FIna￿TraI Reporting StarKlard applicable in the UK and Republic ol Ireland. I'FRS 102") arKI the Chartties SORP 'Accounting and Reporting by CharFties. Statement ol Recommended PraCt￿e applicable to charities preparing their accounts In accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (effeclive 1 January 2019) The charity ￿ a Public Benefit Entrty as defined by FRS 102. The financial statements have departed from the Charit￿8 {Acccwnts and Reports) Regulations 2008 only to the extent required lo provide a tfue and fair view. This departure has involved followng the Statement ol Recommended Practice for charities applying FRS 102 father than the version of Ihe Slatement of RecommerKled Prxtice which is referred to in the Regulations bul %th"ch h8$ since been withdrawn. The financial statements are prepared in stedir¥J: is the fur￿tIOnal currency of the charity. Monetary amounts in these financial statement5 are rounded to the nearest £. The financial statements have teerb prepafed urKSer the historical cost convents'£￿. The principal accounting policies adopted are sel out below 1.2 Going concern At the time ol approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to contsnue in operatsonal existence for the foreseeable future Thus Ihe tri￿tee$ continue lo adopt the going concern basis of accounting in preparing the financtal statemenls. 1.3 Charitable funds Unrestricted funds are available for use at the dtscretion of Ihe trustees in furtherance of their charilable objectives. Restncted funds are sutx'ect to Specif￿ conditM)ns by donors or grantors as to how they may be used. The purposes and uses of the restricted funds a￿ set wt in the notes to the financial statement5. Endowment funds afe subj'ect to specific condits'ons by donors that capital must be maintained by the charity. 17- DURHAM SCOUT COUNTY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Icontlnued) 1.4 In¢om• All income is reccYJnised once the chanty has entitlement to Ihe income. it is probable thal the i ncome will be received and the amount of income receivable can be measured reliably. The following specific policies are applied lo particular categories of income.. Donations and legacy income is received by way of donations, legacies: grants and gifts and is included in full in the Statement of Financial Activities when receNable. ￿￿ere legacies have been notified to the Charity but the Cfileria for income recognition have not been met, the legacy will be included as a Contingent asset arKI disclosed rf materAI. Grants. where entitlement is not conditional on the delivery of a Specif￿ performance by the Chanty. are recognised when the Charily becomes entitled lo the grant Investment income is included when receival)le. The value of services provided by volunteers has not been included. 1.5 Expenditure Expenditure 1$ recognised on an accruals basis as a liability is incurred. Expenditure inclLKles any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates Costs of raising funds compiise the costs associated with attracting donations. grants and legacies and the costs of trading fof fundraising PUfFrf)ses. Charitable expenditure comwises those costs incurred by the charity in the delivery of its activities and services for its beneficiarTes It included both c051s that can be allocated (l'rectly to such activitses and those costs of an indirect nature necessary to support them. All costs are allocated between the expendilure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relatsng lo a partfcular activity are allocated directly, Other costs are appcxtioned on an appropriate basis. as set out in the notes to the accounts. Support Costs Support costs are those functs'ons Ihal assist the Yth of the charty but do not direclly undertake charitable activities. Support costs include office costs, personnel, payroll a￿j governance costs vlhich supports the haritable activilies. These costs have been all￿￿ted lo expenditure M chanlable activities. 1.6 Tangible fixed assets Tangible fixed assels are inili8lly measured at cost and subsequenly measured at cost or valuation, net of deprecialion and any impairment losses. Depreciation is recognised so as to write off the cost or valuab'on of assets less their resKlual values over their useful lives on the follomng bases-. Freehold land and buildings F￿lureS and eqUip￿ent 2.1 Ovk straight line (Freehold land is not depieciated) 10-50% Stra￿h1 line depending on the asset The gain or loss arising on the dispos81 of an assel is determined as the difference between Ihe sale proceeds and Ihe carrying value of the asset. and is recognised in the statement of financial activities. 1.7 Fixed asset investments Inveslmenls are a¢¢ounted for at markei value at the year end Investment income is accounted for on accruals basis, 1.8 Stocks Slocks of goods for resale are valued at tt)e bwer of wsl arnl nei realisable value. 18- DURHAM SCOUT COUNTY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcies (Continued) 1.9 Cash and cash eqUlVa￿nts Cash and cash equivalents include cash in hand. deposrts held ai call wilh banks. other short-term liquid investments with ￿lginal maturities of three months or less. arKJ bank overdrafts. Bank overdrafts are shown wilhin borrowings in current liabilities 1.10 Financial Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financbal Inslruments Issues. of FRS 102 to all of its finanual instruments. Financial instwmenls are recognised in the charity's bal￿￿e Sheet when the charity become5 party to the contractual proWS￿nS of instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable roht to set off the reco9nised amounts and there is an intention lo selue on 8 net basis or to realise the asset arKJ set￿e the liabilty simultaneously. Basic financlal assets Basic financial assets, which ind￿e debtors and cash and bank balances, are initially measured at transaction p￿￿ including transaction costs and are subsequently carried at amortised cost using ihe effective inlerest method unless the arrangement conslitutes a financing tiansacts'cx). Whe￿ the transaction is measured al the present value of the future receipts discounted al a market rate of interest. Financial assels classthed as receivable within one year are rK)t amortised. Basic financial liabilities Basic financial liabililies. including creditors arxl bank108n8 are milially recognised at transacts'on price unless the arrangement constilules a financing transaction. where the debt Instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial h'abilities daS￿fied as payable within one year are not amortssed. Debt tnslfuments are subsequenlly carried at amrtised cost. using the effective interest rate method. Trade creditors are obl￿atiOnS to pay for goods or services that have been acquired in the ordinwy ¢ourse of operations from supplier5 Amwnts payabk are classified as current liabilities if payment 15 due within one year or less. If r￿1, they are presented as non-CUTrent lia￿lItIeS Trade creditors are recognised intiially at transaction price and subsequently measured at amortised cost using the effective Interest method. Derecognitlon of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelle(l. 1.11 Employee benefits The cost of any unused holKlay entrtlement is recognised in the period in vthich the employee's se￿￿e$ are received. Termination benefrts are recognised imMed￿le1Y as an expense when the charity is demonstrably committed to terminate the employment of an empk)yee or to provide terminakn'on benefits. 1.12 Retirement benefits Payments lo defined contributs'on retirement benefit schemes are Ch￿ed as an expense as they fall due. 19- DURHAM SCOUT COUNTY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Crltlcal accountlng estimates and Judgements In the application of the Charrty's accounting polioes. tha Twstees are required to make Judgements, estimates and assumptions about the carrying amount of assets and liabi15ties that are not feadily apparent from other sources. The estimates and associated assumpts'ons are based on historical expefience and other factors that are considered to be relevant Actual resu￿$ may differ from these estimates The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is fevised where the revision affects cnly ihat period, or In the period of the revision and future penods ￿ere the revision affects both C￿￿ent and future perM)ds. Income from donations and legacles Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestrlcted Restrlcted funds fvnds 2023 2023 Total 2024 2023 Donations and gifts 3,378 1,750 5,128 3.653 17.123 20,776 Donatlons and glfts Sir J Priestman Charitable Trust W A Handley Charitable Trust Corporate donations Groundwork UK Bernard Sunley Foundab"on 3.000 3,000 2.700 2.700 1.750 1,750 378 1.750 1,750 953 1,000 378 953 1,000 14,373 14,373 3,378 1,750 5.128 3,653 17,123 20,776 Income from charitable activlties Unrestricted funds 2024 Unrestricted funds 2023 Charilable activities County activil*s 263.272 121,074 DURHAM SCOUT COUNTY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 In¢ome from other tradlng activities Unrestricted Unrestrlcted funds fund8 2024 2023 Membership fees Scout shop sales Activily Centre fees 63,063 27.022 312,712 57,917 30.309 313.680 Other trading activities 402.797 401,906 Income from Inveslmonts Unrestrlcted Unrestrlcted funds funds 2024 2023 Income from fisted investments Interest receivable 5.557 7.662 6.012 2.400 13,219 8.412 Other Income Unrostrlctsd Unre8tricled funds funds 2024 2023 Dead of Easement Miscellaneous incomes 17.696 332 1.774 1,774 18,028 21 DURHAM SCOUT COUNTY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on raising funds Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restrlcted lunds funds 2023 2023 Total 2024 2023 Tradlng ¢¢tr$ts Activity centre costs Scout shop Staff costs Support costs 39.022 19.484 155.901 98.604 39.022 19,484 155.901 98,604 12.480 28,144 174,582 81,355 14,373 26,853 28,144 174,582 81,355 313.011 313.011 2%.561 14,373 310,934 Expendllure on charltabh aetOvltl•s County actlvltles 2024 County actlvltles 2023 Dlr•ct eosts Staff cosls Event costs Other costs 29,696 237,478 2,415 34.547 108,548 24,624 269,589 167,719 Grant funding of activilies (see note 10} 9.452 Share of support and governance costs (see note 11 Support Governance 29,483 25,753 30,591 25,836 334,277 224,146 Analysls by fund Unrestricted funds Restricted lunds 333,889 388 224.146 334.277 224.146 10 Grants payable County actlvltles 2024 Grants to individuals 9.452 DURHAM SCOUT COUNTY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Support costs allo¢aied to aclivities 2024 2023 Depreciab'on Office costs Rates and water Insurance Sundries Heat and light Irrecoverable nput VAT Motor and travel cosls Repairs arKI maintenance Bank charge5 Governan￿ costs 19.791 13,096 6.469 11,575 7.127 16,946 15,402 1.940 34,9S4 787 25,753 25,2S2 10,891 5,192 9,774 3.028 14,734 17.737 4.023 20.348 969 25.836 153,840 137.782 Analysed between: Fundraising County activities 98.604 55.236 81.355 56,427 153.840 137,782 2024 2023 Govemaneo costs cofflprise: Audit lees Investment managemenl lees Legal and professional fees 7,390 7.420 300 18.116 18,363 25,753 25.836 12 Net movement in funds 2024 2023 The net movement in funds is stated after charginW(CTeditirvJ)." Fees payable for thé audit of the charity's financ￿1 slatements Deprecia11(￿ of owned tangible fixed assets 7.390 19.791 7,420 25,252 13 Trustee8 None of the trustees (or any peTsons connected with them) received any remuneration or benefits from the charity during the year. -23- DURHAM SCOUT COUNTY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Employees The average monthly number of employees ￿ring the year was.. 2024 Number 2023 Number Store and cle￿Ing staff Administration Campsite and actNilies 12 14 Total 17 19 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 177,470 5,523 2.604 199,332 6,711 3.086 185,597 209,129 Key management personnel received remuneration of £29.390 (2023 .' £21.915 The￿ We￿ no employees knthose annual remunerats'on was m(xe than £60.000. 16 Gains and losses on investments Unrestrlcted Unrestrlcted funds funds 2024 2023 Gainsl(lossesl arising on.. Revaluation of inveslments 5,011 (3,102) 16 Taxatlon The charity is exempt from taxatson on rts ath'vities because all its irKome is applied for charitable purposes. -24- DURHAM SCOUT COUNTY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Tangible fixed assets Freehokl land FixtUfO8 and and bulldln95 equiwient Total Cost Al 1 April 2023 Additions 661.513 302,003 3,047 963,516 3,047 Al 31 March 2024 661.513 305,050 966,563 Depreclallon and Impalrment At 1 April 2023 Depreciati￿ charged in the year 201.577 11.781 270.324 8,010 471,901 19,791 At 31 March 2024 213.358 278.334 491,692 Carrylng amount At 31 March 2024 448.155 26,716 474,871 At 31 Mafch 2023 459.936 31.679 491.615 Included above Is £95,000 (2023 .' £95.000) relabThJ to freehold land wthich has nol been depreciated 18 Flxed asset Investments Llsted Inveslments Cost or valuatlon At 1 April 2023 Valualion changes 136.328 5.011 At 31 March 2024 141,339 Carying amount At 31 March 2024 141,339 At 31 March 2023 136,328 19 Stocks 2024 2023 Finished goods and goods for resale 5.000 5.884 -25- DURHAM SCOUT COUNTY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Debtorn 2024 2023 Amounts falllng du• wlthln on• y•ar: Trade debtors Other debtors Prepayments aTrJ accrued income 79,453 2,038 17,002 37,627 3,518 127,054 98,493 168,199 21 Credltors: amounts falllng due wlthln one year 2024 2023 Trade creditors Other creditors Accruals and deferred income 8.721 37,200 403,378 16.668 31,327 469,366 449,299 517,361 22 Retlrement benefit schemes 2024 2023 Defined contribution schemes Charge to profit or loss in ￿pett of defined contribution schemes 2.604 3,086 The charrty operates a defined contnbution pension schefre for all qualifying employees. The assets of Ihe scheme are held separately from those of the ¢harty in an independently administered fund. DURHAM SCOUT COUNTY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Restricted funds The restricted lunds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditsons by donors as to how tlw may be used. Mov•mont In funds Balanu at InC(*￿Ing Resouf¢•S 8•lance at 1 April 2023 r•sour￿8 •xp•ntl•d 31 Mar¢tt 2024 County Commissioners Fund Testimonial Fund MoortK)ure Development Fund Capital Projects Fund W A Handley Development Fund Scouling At Home AAP Fund YLT 1stAid Fund 13.223 8.654 2.592 16.393 14.000 1.971 {388} 12,835 8,654 2,592 16,393 15.750 1,971 5,066 2,784 1.750 2.784 64.683 1.750 (3881 66,045 County Commi88ionors Fund Represents lunds made available to the cO￿ty Commissioner to use at his discretion in aiding needs in scouting. Testlmonlal Fund Repiesents funds available to persons aged 6 and 17 years of age in Sco￿lfig to help towards travelling costs to a scouting event held wthin the United Kingdom. Moorhouse Development Fund Represents fund5 ay￿[able towards de¥ek)￿ng Mor)rhouse and its aciivilies. Capltal Projects Fund Represents monies donated by Sir James Knott ChaTiL3ble trust for capital projects of the charity or scout groups wrthin Durham Scout County. W A Handley Dèvélopmenl Fund Represents grants received foi use in certain geographical areas 4Mthin the C￿nty. Scouting at Home Represents monies donated to help Scouting at Home initiatNes durirrfJ the COVID 19 p8ndemic. AAP Fund Represenls l￿ding to adapt m￿rt￿USe to enable more Ilexible hours and actNlties throughoul the COVID 19 pandemic. YLT First Ald Fund Represents monies rKeived to deliver a first aid programme to volunteer5. -27- DURHAM SCOUT COUNTY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FQR THE YEAR ENDED 31 MARCH 2024 24 UnrestriGted funds The Unlestr￿ted funds of the charity comprise the unexperKJed balances of donatK)ns and grants which afe not subiect to specific conditions by donors and grantors as to how they may be used These include designated funds which have been set aside out of unrestncted funds by the trustees fof specific purposes. At 1 April 2023 Incoming resou￿8$ Resources ¢xpgnded Transfers Galns and At 31 March 1088es 2D24 The H¢race Robinson International Fund County Developmenl Fund General fvnds 10.613 5.285 {500) 15,398 1.596 884.693 3.000 676,155 4,596 919.459 (646.400) 5,011 896.￿2 684.440 1646.900) 5.011 939,453 Tho HoraGe Robinson International Fund Represents funds oii9inally bequeathed to the County has been designated by the trustees fof intemational purposes. Counly Development Fund This is a designated fund ansing from funds raLsed to finance develowenl across the County. 26 Analysls of net assets between funds Unrestrlcted funds 2024 Restrlcted funds 2024 Toial 2024 At 31 March 2024: Tangible assets Investments Current assetsllliabililies) 474.871 141.339 323,243 474,871 141.339 389,288 66,045 939.453 68,045 1,005,498 -28- DURHAM SCOUT COUNTY COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 26 Anatys18 of net a88ets between funds (Continued) Unrestrlcted funds 2023 Restrleted funds 2023 Total 2023 At 31 March 2023: Tangible assets Investmenls Current asselsl(lIa￿-lities) 491,615 136.328 268.959 491.615 136,328 333.642 64,683 896,902 64,683 961.585 26 Related party transactlons During the year the charity pa￿ £1 ,080 to RC Events Services Ltd. a ccxnpany in in which Trustee R CU￿ah is also a director, for goods and services on an ams length basis 27 Cash generatod from operations 2024 2023 Surplus for the year 43,913 32,014 Adjustments for". Investment income recognised in siatement of financial acts'vities Fair value gains and losses on investments Depreciation and impaimient of tangible fixed assets {13,219) (5,011) 19,791 (8.412> 3,102 25,252 Movements in working capital.. Decrease in stocks Decrease in debtors (Decrease) in credilors 884 69,706 {68,062) 4,097 13,404 <26.538> Cash generated from operatbons 48.002 42.919 28 Analys18 of changes in net funds The charity had no material debt during the year.