## **1st Carleton Scout Group**
## **Treasurers Report**
## **For the period 1st April 2021 to the 31st March 2022**
Prepared by Mark Mason, Group Treasurer
## **Finance Review:**
Over the page is the Statement of Accounts for 1st Carleton Scout Group’s financial situation for the 2021/2022 financial year, together with a comparison against the last two financial years.
The Group recorded a bank operating surplus of **£11,741.72** for the full financial year. This is another excellent result for the group, building on the positive position from the last 2 years.
Due to the pandemic, 1[st] Carleton was impacted like all other youth groups during 2021-22, with our normal activities significantly curtailed at times and a need to move to virtual meetings. We were very fortunate that we are classed as a small business within Wyre Council as we own our own property, and this allowed the group to qualify for further Covid related grants from Wyre Council, which offset the loss of income from reduced subscriptions, hall rentals and bookings. This additional income resulted in the positive end-of-year position, which has secured the short/medium term financial future of 1[st] Carleton as we look towards future hall building refurbishment projects.
The Group would like to thank all children, parents, guardians, grand-parents, family members, regular Hall users (BAFDA, Pathfinder Explorers & Wyre District Scouts) and the wider community who continued to contribute to and support 1st Carleton, throughout this year.
## **Gift Aid:**
1st Carleton Scout Group is registered with HMRC for the purpose of collecting _**Gift Aid**_ on member subscriptions, and this is an important addition to our yearly Income, with £713.25 being raised in this current financial year for group funds. This is an annual claim against subscriptions which we can submit. Gift Aid mandate forms are available from the section leaders in Beavers/Cubs/Scouts, for those who are eligible to complete one.
The Gift Aid scheme is for gifts of money by individuals who pay UK tax. Gift Aid donations are regarded as having basic rate tax deducted by the donor. Charities (like 1st Carleton) can take your donation - which is money you've already paid tax on - and reclaim the basic rate tax from HM Revenue & Customs (HMRC) on its 'gross' equivalent - the amount before basic rate tax was deducted. Basic rate tax is 20 per cent, so this means that if you give £10 using Gift Aid, it’s worth £12.50 to 1st Carleton. All monthly subscriptions to 1st Carleton qualify as donations on which Gift Aid can be claimed, provided we have a signed mandate from the relevant tax payer who is providing the monthly subscription payment.
## _**Reserves & Investment policy:**_
The Group currently has no official policy on reserve funds, however we are currently operating with a net ‘General Fund’ balance normally in excess of £10,000, which is sufficient to ensure the continuation of our Charitable activities for at least six months should there be a significant shortfall in income or fundraising. The Group does not currently plan to invest in longer term investments. The Group has therefore adopted a risk averse strategy to the investment of its funds. All funds are held in cash using only mainstream banks.
Date Prepared: 02/09/2022 By: M S Mason, Group Treasurer
Page 1 of 3
## **1st Carleton Scout Group**
## **Statement of Accounts: 2021-2022**
Date Prepared: 02/09/2022 By: M S Mason, Group Treasurer
Page 2 of 3
## **1st Carleton Scout Group**
Date Prepared: 02/09/2022 By: M S Mason, Group Treasurer
Page 3 of 3
|**Category Description**
INCOME
Camp & Activity Income
Fundraising
Gift Received
Grants
Hall Rent
HMRC Gift Aid
Interest Inc
Refunds received
Subscriptions & investitures
**TOTAL INCOME**
**EXPENSES**
Badges
Bank Charges
Building Maintainance
Camp Expenditure
Capitation
Charity
Cleaner
Cleaning Materials
Equipment
Grounds Maintainance
Insurance
Postage/Stationary
Rates/Council Tax
Refunds (Camp payments)
Scout Group Activities
Training
Uniform
Utilities
**TOTAL EXPENSES**
**Surplus/Deficit in Year**
**Reconcilliation**
Surplus/deficit from bank accounts
**Final Surplus/Deficit in Year**
Adjustments|**This Year**
**Previous Year**
**Previous Year**
**2021-2022**
**2020-2021**
**2019-2020**
£1,461.00
£967.62
£3,957.25
£211.00
£232.00
£0.00
£550.00
£0.00
£0.00
£14,200.00
£19,669.21
£0.00
£4,480.00
£2,840.00
£5,340.00
£713.25
£1,044.49
£1,261.28
£3.57
£4.62
£13.67
£368.47
£50.00
£23.10
£5,835.00
£4,490.00
£5,910.00|**This Year**
**Previous Year**
**Previous Year**
**2021-2022**
**2020-2021**
**2019-2020**
£1,461.00
£967.62
£3,957.25
£211.00
£232.00
£0.00
£550.00
£0.00
£0.00
£14,200.00
£19,669.21
£0.00
£4,480.00
£2,840.00
£5,340.00
£713.25
£1,044.49
£1,261.28
£3.57
£4.62
£13.67
£368.47
£50.00
£23.10
£5,835.00
£4,490.00
£5,910.00|**This Year**
**Previous Year**
**Previous Year**
**2021-2022**
**2020-2021**
**2019-2020**
£1,461.00
£967.62
£3,957.25
£211.00
£232.00
£0.00
£550.00
£0.00
£0.00
£14,200.00
£19,669.21
£0.00
£4,480.00
£2,840.00
£5,340.00
£713.25
£1,044.49
£1,261.28
£3.57
£4.62
£13.67
£368.47
£50.00
£23.10
£5,835.00
£4,490.00
£5,910.00|
|---|---|---|---|
||**£27,822.29**|**£29,297.94**|**£16,505.30**|
||£515.53
£125.15
£264.72
£73.00
£69.00
£74.95
£1,839.70
£586.76
£177.00
£1,947.84
£974.00
£3,482.65
£2,400.00
£2,406.00
£0.00
£21.00
£21.00
£21.00
£735.00
£605.00
£1,575.00
£0.00
£0.00
£119.42
£186.50
£0.00
£517.50
£2,679.60
£540.00
£540.00
£42.00
£2,082.09
£997.56
£39.90
£16.92
£16.78
£54.89
£0.00
£211.68
£485.00
£0.00
£0.00
£1,360.63
£308.17
£786.03
£30.00
£0.00
£111.00
£110.58
£0.00
£0.00
£3,559.40
£3,886.79
£4,180.81|||
||**£16,080.57**|**£11,620.88**|**£13,076.10**|
|||||
||**£11,741.72**|**£17,677.06**|**£3,429.20**|
||£11,741.72
£17,677.06
£3,429.20|||
||**£11,741.72**|**£17,677.06**|**£3,429.20**|
||£0.00
£0.00
£0.00|||
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