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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|11|
|Report ofthe Independent
Auditors|12|to|15|
|Statement of Financial Activities||16||
|Balance Sheet||17||
|Cash Flow Statement||18||
|Notes to the Cash Flow Statement||19||
|Notes to the Financial Statements|20|to|28|
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|At the year end the unrestricted|f|unds
in|the balance|sheet are|categori|sed as follows;||
|---|---|---|---|---|---|---|---|
|||||||2021|2020
f|
|Property
and equipment
used|in|providing|scouting|activities||832,199|879,894|
|Adventure
Trust||||||14,182|19,607|
|Amounts
set aside and invested||in rental|properties|and stock||||
|market investments
which aim|to|provide|a minimum|level of||||
|income to help meet our on-going||running|costs|||2,232,500|2,232,500|
|Other reserves to cover general
running|||costs, the replacement||of|||
|county assets and to invest
in|Scouting
in West Lancashire|||||747,503|401,189|
|Unrestricted
Funds||||||3,826,384|3,533,190|
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|for the year ended 3|1 March 2|021||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||Unrestricted|Unrestricted|
||||Notes|funds
f|funds
E|
|INCOME AND ENDOWMENTS||FRONI||||
|Charitable
activities|||28 3|||
|Activity Centre and County||||123,119|377,674|
|Investment
income||||70,013|76,744|
|Total income||||193,132|454,418|
|EXPENDITURE ON||||||
|Raising funds|||4|20,220|20,287|
|Charitable
activities|||58 6|||
|Activity Centre and County||||233,216|503,275|
|Total expenditure||||253,436|523,562|
|Net gains/(losses)
on|investments|||353,498|~58,706i|
|NET INCOME/(EXPENDITURE)||||293,194|(127,850)|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought|forward|||3,533,190|3,661,040|
|TOTAL FUNDS CARRIED FORWARD||||3,826,384|3,533,190|
##
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|West Lancashire
County S
Balance Sheet
31 March 2021|cout Council|||
|---|---|---|---|
|||2021|2020|
|||Unrestricted|Unrestricted|
|||funds|funds|
||Notes|||
|FIXEDASSETS||||
|Tangible assets|10|832,199|879,894|
|Investments||||
|Investments|11|1,700,132|1,344,116|
|Investment
property|12|895,000|895,000|
|||3,427,331|3,119,010|
|CURRENT ASSETS||||
|Stocks|13|7,374|7,944|
|Debtors|14|39,609|32,620|
|Investments|15|249,077|345,460|
|Cash at bank|16|428,742|337,057|
|||724,802|723,081|
|CREDITORS||||
|Amounts
falling due within one year|17|(325,749)|(308,901)|
|NET CURRENT ASSETS||399,053|414,180|
|TOTAL ASSETS LESSCURRENT||||
|LIABILITIES||3,826,384|3,533,190|
|NET ASSETS||3,826,384|3,533,190|
|FUNDS|18|||
|Unrestricted
funds:||||
|General
fund||3,812,202|3,513,583|
|Adventure
Trust||14,182|19,607|
|||3,826,384|3,533,190|
|TOTAL FUNDS||3,826,384|3,533,190|
##
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||||2021|2020|
|---|---|---|---|---|
|||Notes||E|
|Cash flows from operating|activities||||
|Cash generated
from operations|||$19,701)|91,686|
|Net cash (used in)/provided|by operating|activities|~19,701)|91,686|
|Cash flows from investing|activities||||
|Purchase oftangible
fixed assets|||(2,517)|(60,203)|
|Purchase
offixed asset investments|||(451,366)|(285,240)|
|Sale offixed asset investments|||472,094|293,913|
|Movement
in current asset|investments||96,383|75,224|
|Movement
in cash funds held by broker|||(23,246)|32,120|
|Improvements
to investment|properties|||(10,082)|
|Interest received|||3,577|5,492|
|Dividends
received|||16,461|22,899|
|Net cash provided
by investing
activities|||111,386|74,123|
|Change
in cash and cash|equivalents||||
|in the reporting
period|||91,685|165,809|
|Cash and cash equivalents|at the||||
|beginning
ofthe reporting|period||337,057|171,248|
|Cash and cash equivalents|at the end||||
|ofthe reporting
period|||428,742|337,057|
##
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|RECONCILIATION
ACTIVITIES|OF NET|INCOME/(EXPE|NDITURE)
TO NET CAS|H FLOW FROM|OPERATING|
|---|---|---|---|---|---|
|||||2021|2020|
||||||F|
|Net income/(expenditure)||for the reporting|period (as per the|||
|Statement of Financial Activities)||||293,194|(127,850)|
|Adjustments
for:||||||
|Depreciation
charges||||50,212|53,241|
|(Gain)/losses
on investments||||(353,498)|58,706|
|Interest received||||(3,577)|(5,492)|
|Dividends
received||||(16,461)|(22,899)|
|Decrease
in stocks||||570|1,777|
|(Increase)/decrease|in debtors|||(6,989)|3,678|
|Increase
in creditors||||16,848|130,525|
|Net cash (used in)/provided||by operations||$19,701)|91,686|
##
|ANALYSIS OF C|HANGES
IN NET FUNDS||||
|---|---|---|---|---|
|||At 1/4/20|Cash flow|At 31/3/21|
|||F|E||
|Net cash|||||
|Cash at bank||337,057|91,685|428,742|
|||337,057|91,685|428,742|
|Liquid resources|||||
|Deposits included|in cash||||
|Current asset investments||345,460|~96,383)|249,077|
|||345,460|~96,383)|249,077|
|Total||682,517|~4,698)|677,819|
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|INVESTME|NT INCOME|||
|---|---|---|---|
|||2021|2020|
|||E||
|Rental income||49,975|48,353|
|Investment|income|16,461|22,899|
|Bank interest||3,577|5,492|
|||70,013|76,744|
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|3.|INCOME FROM CHARITA|BLE|AC|TI|VITIES|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
|||||||||F|E|
||Activity centre income|||||||282|196,585|
||Scouting activities,
training|and section income||||||545|92,869|
||County
and international
events||||||||60,145|
||Government
funded
Coronavirus||support grants|||||41,500||
||CJRS furlough
grants|||||||69,826||
||Miscellaneous
income and|donations||||||10,966|28,075|
|||||||||123,119|377,674|
|4.|RAISING FUNDS|||||||||
||Investment
management|costs||||||||
|||||||||2021|2020|
||Investment
managers
fees|||||||13,953|13,717|
||Property
managers
administration||and||valuation||fees|5,001|4,784|
||Investment
properties
maintenance|||and other costs||||1,266|1,786|
|||||||||20,220|20,287|
|5.|CHARITABLE ACTIVITIES COSTS|||||||||
|||||||||2021|2020|
||||||||||F|
||Salaries, wages, employers|national||insurance|||and pensions|110,812|139,939|
||Activity centre costs|||||||15,437|82,833|
||World Scout Youth Events|||||||15,370|14,000|
||Scouting
activities,
training|and section expenses||||||4,120|101,641|
||County and international
events||||||||58,446|
||County
Executive,
administration||and||other costs|||29,241|44,239|
||Depreciation
less profit on|disposal of|||tangible|fixed assets||50,212|53,241|
|||||||||225,192|494,339|
|6.|SUPPORT COSTS|||||||||
||||||||||Governance|
||||||||||costs|
||||||||||E|
||Activity Centre and County||||||||8,024|
##
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|Governance|costs;||||
|---|---|---|---|---|
||||2021|2020|
|Accountancy|and audit||8,024|8,156|
|Legal and professional||fees||780|
||||8,024|8,936|
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||||2021|2020|
|---|---|---|---|---|
|||||E|
|Wages|and|salaries|110,812|139,939|
||||110,812|139,939|
|||2021|2020|
|---|---|---|---|
|Charitable|activities|5|5|
|Administration||2|2|
##
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|The realise|d
and unrealised
gains or losses inclu|ded
in the financial
statements
are as fo|llows;|
|---|---|---|---|
|||2021|2020|
||||E|
|Realised gains/(losses)||||
|Investment|properties||14,918|
|Listed investments||~4,572)|12,746|
|||~4,572)|27,664|
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||Unrealised
gains/(losses)||||||
|---|---|---|---|---|---|---|
||Investment
properties||||||
||Listed investments||||358,070|~86,370)|
||||||358,070|~86,370)|
||Total gains/(losses)||||353,498|~58,706)|
|10.|TANGIBLE FIXEDASSETS||||||
||||Freehold|Plant and|Motor||
||||property
f|machinery
f|vehicles
f|Totals
f|
||COST||||||
||At 1 April 2020||1,258,691|183,442|37,062|1,479,195|
||Additions|||2,517||2,517|
||At 31 March 2021||1,258,691|185,959|37,062|1,481,712|
||DEPRECIATION||||||
||At 1 April 2020||447,058|124,463|27,780|599,301|
||Charge for year||38,147|8,740|3,325|50,212|
||At 31 March 2021||485,205|133,203|31,105|649,513|
||NET BOOK VALUE||||||
||At 31 March 2021||773,486|52,756|5,957|832,199|
||At 31 March 2020||811,633|58,979|9,282|879,894|
|11.|FIXEDASSET INVESTMENTS||||||
||||||2021
f|2020
f|
||Shares||||1,614,906|1,282,136|
||Cash funds
held by investment|managers|for future dealings||85,226|61,980|
||||||1,700,132|1,344,116|
|||||||Listed|
|||||||investments|
|||||||f|
||MARKET VALUE||||||
||At 1 April 2020|||||1,282,136|
||Additions|||||451,366|
||Disposals|||||(472,094)|
||Revaluations|||||353,498|
||At 31 March 2021|||||1,614,906|
||NET BOOK VALUE||||||
||At 31 March 2021|||||1,614,906|
||At 31 March 2020|||||1,282,136|
##
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|E1,322,155(2020:
F1,215,47|3).||||
|---|---|---|---|---|
||||2021|2020|
|||||E|
|Cash funds
held
by investment|managers|for future dealings|85,226|61,980|
|INVESTMENT PROPERTY|||||
|FAIR VALUE|||||
|At 1 April 2020|||||
|and 31 March 2021||||895,000|
|NET BOOK VALUE|||||
|At 31 March 2021||||895,000|
|At 31 March 2020||||895,000|
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|13.|STOCKS||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021
f|2020
F|
||Stocks||||||||7,374|7,944|
|14.|DEBTORS:AMOUNTS|||FALLING DUE WITHIN ONE YEAR|||||||
||||||||||2021|2020|
||||||||||E|E|
||Trade debtors||||||||1,620|3,733|
||Other debtors||||||||27,484|18,865|
||VAT||||||||1,036|202|
||Prepayments|and accrued|||income||||9,469|9,820|
||||||||||39,609|32,620|
|15.|CURRENT ASSET INVESTMENTS||||||||||
||||||||||2021|2020|
||||||||||F|F|
||Other||||||||249,077|345,460|
||The current asset investment|||||represents|Fixed Interest|Rate Deposits|and Bonds with|funds
being|
||deposited
with|various||UK|banks.||||||
|16.|CASH AT BANK||||||||||
||||||||||2021|2020|
|||||||||||F|
||Unrestricted
funds;||||||||||
||Current accounts||||||||233,337|189,704|
||Deposit accounts||||||||195,405|147,353|
||||||||||428,742|337,057|
|17.|CREDITORS:|AMOUNTS|||FALLING DUE WITHIN ONE|||YEAR|||
||||||||||2021|2020|
||||||||||F|F|
||Deposits for county events,||||courses and activity centre||||169,993|101,242|
||Trade creditors||||||||6,197|10,771|
||Social security|and other taxes|||||||1,813|3,537|
||Other creditors||||||||97,959|158,583|
||World Scout Youth Events||||||||38,264|22,894|
||Accruals and deferred||income||||||11,523|11,874|
||||||||||325,749|308,901|
##
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|MOVEM|ENT|IN FUNDS||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1/4/20|in funds|31/3/21|
||||F|||
|Unrestricted||funds||||
|General
fund
Adventure
Trust|||3,513,583
19,607|298,619
~5,425)|3,812,202
14,182|
||||3,533,190|293,194|3,826,384|
|TOTAL|FUNDS||3,533,190|293,194|3,826,384|
|Net mov|ement|in funds,
included|in the above are as follo|ws:|||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|||||F||E|
|Unrestricted||funds|||||
|General
fund
Adventure
Trust|||193,110
22|(247,989)
~5,447)|353,498|298,619
~5,425)|
||||193,132|)253,436)|353,498|293,194|
|TOTAL|FUNDS||193,132|~253,436)|353,498|293,194|
##
|Compar|atives|for movement
in funds||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1/4/19|in funds|31/3/20|
|||||E|E|
|Unrestricted||funds||||
|General
fund
Adventure
Trust|||3,639,250
21,790|(125,667)
~2,183)|3,513,583
19,607|
||||3,661,040|~127,850)|3,533,190|
|TOTAL|FUNDS||3,661,040|~127,850)|3,533,190|
|Compara|tive|net movement
in fu|nds,
included
in the above|are as follows:|||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
||||||E|E|
|Unrestricted||funds|||||
|General
fund
Adventure
Trust|||450,021
4,397|(516,982)
~6,580)|(58,706)|(125,667)
~2,183)|
||||454,418|)523,562)|~58,706)|)127,850)|
|TOTAL|FUNDS||454,418|(523,562)|~58,706)|)127,850)|
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