CHARITY REGISTRATION NUMBER: 521557 1st Broughton Scout Group Unaudited Financial Statements 31 March 2024 1st Broughton Scout Group Financial Statements Yaar ended 31 March 2024 Pagas Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities 1to3 Statement of financial position Notes to the financial statements 7t012 1st Broughton Scout Group Trustaes. Annual Report Year ended 31 March 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. Reference and admlnistrative detai18 Reglstered charity name 1 st Broughton Scout Group Char5ty reglstrallon number 521557 Princlpal office 19 Lorton Close Fulwood Preston PR2 8YS The tru8ts08 Mr J D Simpson Mr G Flewker-Barker Mr K M Jamieson Mr R A Crowther Mr S McGlen Mr T Barnett Mr W M Dainty Mr A C Acklam Mrs J E Jamieson MrDNBond Mr B A Mitchell Mr A Gooch Appointed 23 June 2023 Resigned 23 June 2023 Appointed 23 June 2023 Resigned 23 June 2023 Independent examiner Anthony lan Cherry BA BFP FCA MAE MCIArb MEIVI A I Cherry Chartered Accountants 26 Winckley Square Preston PR13JJ Structurn, governance and management The Group'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 Rules of The Scout Association. The Group is a trust established under its rules which are common to all Scouts. The Trustees are appointed in accordance with the Policy, Organisation and Rules of The Scout Ass¢xiation. The Group is managed by the Group Executive Committ￿, the rTIviTibers of which are the "Charlty Trustees of the Scout Group whlch Is an educatlonal charity. AS Charity Trustees they are responsible for complying with legislation applicable to charities, and are provided with appropriate training. This includes the registration, keeping proper accounts and making returns to the Charity Commission as appropriate. The Committee consists of three independent representatives, Chair, Treasurer and Secretary together with the Group Scout Leaders, individual section leaders and parent's representation and meets every four months. This Group Executive Committee exists to support the Group Scout Leader in meeting the responsibilities of the appointments and is responsible for the maintenance of Group propety, the raising of funds and the administration of Group finance, the insurance of persons, property and equipment, Group public occasions, assisting in the recruitment of leaders and other adults, appointing any sub committees that may be required, and appointing Group Administrators and Advisors having regards to appropriate qualification and experience, other than those who are elected. The trustees have given regard to the Charity Commission's guidance on public benefit. 1st Broughton Scout Group Trusteas, Annual Report Year ended 31 March 2024 The Group has in place systems of internal controls that are designed to provide reasonable assurance against material mismanagement or loss, these include two signatories for all payments and comprehensive insurance policies to ensure that insurable risks are covered. Governance and internal controls The Trustees meet on a regular basis and are provided with comprehensive financial information including budgets and prior year reports. Overall prc and the Charities Act 2011. The accounts (financial statements) have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from January 2019. Accountlng policle8 8a818 of preparatlon The financial statements have been prepared on the historical cost basis. Going concern There a￿ no material uncertainties about the charity's ability to continue. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Incoming re8ourc•8 All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when re￿Ipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 1st Broughton Scout Group Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Accounting pollcles (eontinued) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates- expenditure on raising funds includes the costs of all fundraising activities, events, non-charttable trading activities, and the sale of donated goods. expenditure on charitabl8 activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those 8UPPOrt costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglble a880t8 Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreclation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as foll0v￿.. Buildings Site Infrastructure Fixtures and fittings 10¥0 Straight line 10°/0 Straight line 250A straight line Assets begin to be depreciated in the first full month following the month of acquisition. Impalrnient of flxed as8ets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds thp recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. Donations and legacies Unrestricted Total Fund8 Unrestricted Total Funds Funds 2024 Funds 2023 Donations Subscriptions Donations 26,083 30 26,083 30 23,120 480 23,120 480 26,113 26,113 23,600 23,600 1st Broughton Scout Group Notes to the Financial Statements (conllnuealj Year ended 31 March 2024 Charitable actlvltles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Fundraising Gift Aid Activities Other income 3,541 5,568 7,976 3,541 5,568 7,976 863 4,642 5,364 6,148 477 4,642 6,148 477 17,948 17,948 16,631 16,631 Investment Incom8 Unrestricted Total Fund8 Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 4,100 4,100 1,990 1,990 Costs of ral8lng donatlon8 and legaclos Unrestricted Totsl Funds Unrestricted Totsl Fund8 Funds 2024 Funds 2023 Youth programme and activities Ground rent Water Gas and electric Repairs, renewals and maintenance Insurance Subscriptions paid on to District Telephone Uniforms and badges Depreciation Sundry 14,070 225 218 2,088 2,413 1,307 9,303 14,070 225 218 2,088 2,413 1,307 9,303 406 1,117 9,285 317 12,178 225 204 1,074 3,883 1,349 8,407 338 2,165 8,358 1,294 39,475 12,178 225 204 1,074 3,883 1,349 8,407 338 2,165 8,358 1,294 39,475 1,117 9,285 317 40,749 40,749 Expendlture on charitable actlvltles by fund type Unrestricted Total Fund8 Unrestricted Total Funds Funds 2024 Funds 2023 Bonfire and wine nights 1,916 1,916 1,936 1,936 1st Broughton Scout Group Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Expenditure on charitable aclivltles by actlvlty type Activitiès undertaken Total funds directly 2024 Total fund 2023 Bonfire and wine nights 1,916 1,916 1,936 10. Net income Net income is stated after chargingl(crediting): 2024 2023 Depreciation of tangible fixed assets 9,285 8,358 11. Independent examination fees No amounts were paid to A I Cherry ft)r the independent examination of the financial statements <2023.. none). 12. Staff costs The group did not employ any staff in the reporting period (2023.. none). 13. Tru8tee remuneratlon and expen888 No remuneration or other benefi'ts from employment with the charity or a related entity were received by the trustees. Costs incurred by the Trustees on behalf of the Group were reimbursed upon receipt of appropriate documentation and independently authorised. These costs were incurred by the Trustees in their capacity as Group Leaders and not as trustees. Four trustees12023.' Five) had such costs reimbursed in respect of youth programmes and activities including activity fees, food and hire. The total amount of such reimbursement amounted to £731 (2023. £1,404). 10 1st Broughton Scout Group Notes to the Financial Statements (contlnued) Year ended 31 March 2024 14. Tanglble flxed a888ts Site Fixtures and Buildings Infrastructure fittings Total Cost At 1 April 2023 Additions 48,430 5,138 9,138 38,010 183 95,578 5,321 100,899 At 31 March 2024 53,568 9,138 38,193 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 19,066 4,026 7,538 424 22,425 4,835 27,260 49,029 9,285 23,092 7,962 58,314 Carrylng amount At 31 March 2024 30,476 29,364 1,176 1,600 10,933 15,585 42,585 46,549 At 31 March 2023 15. Oebtorn 2024 2023 Camp deposits Prepayments and accrued income Other debtors 3,825 836 1,534 5,568 7,102 10,107 16. Crodltorg: amounts falllng due wlthln one year 2024 2023 Camp deposits A￿rualS and deferred income 4,228 4,220 8,448 218 218 17. D•8lgnatsd Fund8 At 1 April 2023 Transfer In Transfer Out At 31 March 2024 Designated funds 80,000 80,000 The designated fund is a separate fund within the general reserves of the charity to be used in the financing of land and construction of a replacement Group Headquarters. The sums attributable to this fund are approved by the Trustees and will be assessed periodically as surpluses exist within unrestricted funds having regards to cash balances and the reserves policy. 11 1st Broughton Scout Group Notes to the Financial Statements (¢onb"nuedJ Year ended 31 March 2024 18. Analysi8 of charltable funds Unrestrlcted fund8 At 1 April 2023 Income Expenditure As at 3113124 General funds 69,405 48,161 (42,665) 74,801 At 1 April 2022 Income Expenditure Transfer General funds 138,595 42,221 (41,411) (80,000) 19. Analy318 of not a88ets btheon funds Designated Funds Unrestricted Funds Totsl Fund8 2024 Total Funds 2023 Tangible fixed assets Current assets Creditors le88 than 1 year 42,585 32,534 (218) 42,585 112,534 (218) 46,549 111,304 {8,448) 80,000 Net a8sets 80,000 73,901 154,901 149,405 20. Related partleB Other than the reimbursement of trustees, expenditure as detailed in Note 13, there are no related party transactions in the reporting period (2023: none) that require disclosure. 12