| 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 |
| At the year end the unrestricted | funds in |
the balanc | e sheet are catego | rised as follows; | ||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| E | ||||||
| Property and equipment used |
in | providing | scouting | activities | 796,649 | 832,199 |
| Adventure Trust |
15,758 | 14,182 | ||||
| Amounts set aside in income | generating | assets such as rental | ||||
| properties and stock market investments |
to provide | a notional | ||||
| investment return |
2,232,500 | 2,232,500 | ||||
| Other reserves to cover general | running | costs and | the | |||
| replacement ofcounty assets |
688,269 | 747,503 | ||||
| Unrestricted Funds |
3,733,176 | 3,826,384 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| Notes | f | F | ||
| INCOME AND ENDOWMENTS | ||||
| Charitable activities |
28 3 | |||
| Activity Centre and County | 192,149 | 123,119 | ||
| Investment income |
75,511 | 70,013 | ||
| Total income | 267,660 | 193,132 | ||
| EXPENDITURE | ||||
| Raising funds Charitable activities |
4 58 6 |
33,622 | 20,220 | |
| Activity Centre and County | 364,460 | 233,216 | ||
| Total expenditure | 398,082 | 253,436 | ||
| (Deficit)/surplus before investment |
gains and losses | (130,422) | (60,304) | |
| Net gains on investments | 37,214 | 353,498 | ||
| Net (expenditure)/income | for the | year | (93,208) | 293,194 |
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward |
3,826,384 | 3,533,190 | ||
| TOTAL FUNDS CARRIED | FORWARD | 3,733,176 | 3,826,384 |
| Balance Sheet 31 March 2022 |
||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| Notes | f. | |||
| FIXEDASSETS | ||||
| Tangible assets | 10 | 796,649 | 832,199 | |
| Listed investments | 11 | 1,742,003 | 1,700,132 | |
| Investment property |
12 | 895,000 | 895,000 | |
| 3,433,652 | 3,427,331 | |||
| CURRENT ASSETS | ||||
| Stocks | 13 | 9,238 | 7,374 | |
| Debtors | 14 | 35,124 | 36,609 | |
| Investments | 15 | 254,660 | 252,077 | |
| Cash at bank | 16 | 518,904 | 428,742 | |
| 817,926 | 724,802 | |||
| CREDITORS | ||||
| Amounts falling due within |
one year | 17 | (518,402) | (325,749) |
| NET CURRENT ASSETS | 299,524 | 399,053 | ||
| Total assets less current | liabilities | 3,733,176 | 3,826,384 | |
| NET ASSETS | 3,733,176 | 3,826,384 | ||
| FUNDS | 18 | |||
| Unrestricted funds: |
||||
| General fund |
3,717,418 | 3,812,202 | ||
| Adventure Trust |
15,758 | 14,182 | ||
| TOTAL FUNDS | 3,733,176 | 3,826,384 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | ||||
| Cash flows from operating | activities | |||
| Cash generated from operations |
1 | 82,829 | ~19,701) | |
| Net cash provided by/(used |
in) operating | activities | 82,829 | ~19,701) |
| Cash flows from investing | activities | |||
| Purchase oftangible fixed assets Purchase offixed asset investments Sale offixed asset investments |
(9,024) (127,541) 189,005 |
(2,517) (451,366) 472,094 |
||
| Movement in current asset |
investments | (2,583) | 96,383 | |
| Movement in cash funds held by broker |
(66,121) | (23,246) | ||
| Interest received | 2,806 | 3,577 | ||
| Dividends received |
20,791 | 16,461 | ||
| Net cash provided by investing activities |
7,333 | 111,386 | ||
| Change in cash and cash |
equivalents | |||
| in the reporting period |
90,162 | 91,685 | ||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 428,742 | 337,057 | |
| Cash and cash equivalents | at the end | |||
| ofthe reporting period |
518,904 | 428,742 |
| ACTIVITIES | ||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| E | ||||||
| Net (expenditure)/income | for the reporting | period (as per the | ||||
| Statement of Financial Adjustments for: |
Activities) | (93,208) | 293,194 | |||
| Depreciation charges |
44,574 | 50,212 | ||||
| Gain on investments | (37,214) | (353,498) | ||||
| Interest received | (2,806) | (3,577) | ||||
| Dividends received |
(20,791) | (16,461) | ||||
| (Increase)/decrease | in stocks | (1,864) | 570 | |||
| Decrease/(increase) | in debtors | 1,485 | (6,989) | |||
| Increase in creditors |
192,653 | 16,848 | ||||
| Net cash provided | by/(used | in) operations | 82,829 | ~19,701) |
| At 1/4/21 E |
Cash flow | At 31/3/22 f |
||
|---|---|---|---|---|
| Net cash | ||||
| Cash at bank | 428,742 | 90,162 | 518,904 | |
| 428,742 | 90,162 | 518,904 | ||
| Liquid resources | ||||
| Deposits included | in cash | |||
| Current asset investments | 252,077 | 2,583 | 254,660 | |
| 252,077 | 2,583 | 254,660 | ||
| Total | 680,819 | 92,745 | 773,564 |
| INVESTME | NT INCOME | ||
|---|---|---|---|
| 2022 | 2021 | ||
| E | F | ||
| Rental income | 51,914 | 49,975 | |
| Investment | income | 20,791 | 16,461 |
| Bank interest | 2,806 | 3,577 | |
| 75,511 | 70,013 |
| 2021 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| F | |||||||
| Activity centre income | 90,195 | 282 | |||||
| Scouting activities, training |
and section income | 10,255 | 545 | ||||
| County and international events |
11,802 | ||||||
| Grants for equipment and |
activity | centre | 46,750 | ||||
| Government Coronavirus support |
grants | 12,000 | 41,500 | ||||
| CJRS furlough grants |
7,213 | 69,826 | |||||
| Miscellaneous income and |
donations | 13,934 | 10,966 | ||||
| 192,149 | 123,119 | ||||||
| RAISING FUNDS | |||||||
| Investment management |
costs | ||||||
| 2022 | 2021 | ||||||
| F | |||||||
| Investment managers fees |
16,134 | 13,953 | |||||
| Property managers administration |
and valuation | fees | 5,194 | 5,001 | |||
| Investment properties maintenance |
and other costs | 12,294 | 1,266 | ||||
| 33,622 | 20,220 | ||||||
| CHARITABLE ACTIVITIES COSTS | |||||||
| 2022 | 2021 | ||||||
| Salaries, wages, employers | national | insurance | and pensions | 115,535 | 110,812 | ||
| Activity centre costs | 59,644 | 15,437 | |||||
| World Scout Youth Events | 14,200 | 15,370 | |||||
| Scouting activities, training |
and section expenses | 29,180 | 4,120 | ||||
| County and international events |
9,557 | ||||||
| Grant spend on equipment | and activity centre | 47,544 | |||||
| County Executive, administration |
and | other costs | 36,726 | 29,241 | |||
| Depreciation less profit on |
disposal oftangible | fixed assets | 44,574 | 50,212 | |||
| 356,960 | 225,192 |
| SUPPORT | COSTS | |||
|---|---|---|---|---|
| Governance | ||||
| costs | ||||
| Activity Centre and County | 7,500 | |||
| Governance | costs; | |||
| 2022 | 2021 | |||
| Accountancy | and audit | 7,260 | 8,024 | |
| Legal and professional | fees | 240 | ||
| 7,500 | 8,024 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Wages | and | salaries | 115,535 | 110,812 |
| 115,535 | 110,812 |
| 2022 | 2021 | ||
|---|---|---|---|
| Charitable | activities | 5 | 5 |
| Administration | 2 | 2 |
| The realised and unrealised gains or |
losses included in th |
e financial state | ments are as |
follows; |
|---|---|---|---|---|
| 2022 | 2021 | |||
| F | E | |||
| Realised gains/(losses) | ||||
| Investment properties |
||||
| Listed investments | 8,723 | ~4,572) | ||
| 8,723 | ~4,572) | |||
| Unrealised (losses)/gains |
||||
| Investment properties |
||||
| Listed investments | 28,491 | 358,070 | ||
| 28,491 | 358,070 | |||
| Total gains/(losses) | 37,214 | 353,498 | ||
| TANGIBLE FIXEDASSETS | ||||
| Freehold | Plant and | Motor | ||
| property | machinery | vehicles | Totals | |
| E | F | |||
| COST | ||||
| At 1 April 2021 | 1,258,691 | 185,959 | 37,062 | 1,481,712 |
| Additions | 5,384 | 3,640 | 9,024 | |
| At 31 March 2022 | 1,264,075 | 189,599 | 37,062 | 1,490,736 |
| DEPRECIATION | ||||
| At 1 April 2021 | 485,205 | 133,203 | 31,105 | 649,513 |
| Charge for year | 33,179 | 11,395 | 44,574 | |
| At 31 March 2022 | 518,384 | 144,598 | 31,105 | 694,087 |
| NET BOOK VALUE | ||||
| At 31 March 2022 | 745,691 | 45,001 | 5,957 | 796,649 |
| At 31 March 2021 | 773,486 | 52,756 | 5,957 | 832,199 |
| for th | e year ended 31 March 2022 | e year ended 31 March 2022 | e year ended 31 March 2022 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11. | FIXEDASSET INVESTMENTS | ||||||||||||
| 2022 | 2021 | ||||||||||||
| F | |||||||||||||
| Shares | 1,590,656 | 1,614,906 | |||||||||||
| Cash funds | held by investment | managers | for future | dealings | 151,347 | 85,226 | |||||||
| 1,742,003 | 1,700,132 | ||||||||||||
| Additional information |
as follows: | ||||||||||||
| Listed | |||||||||||||
| investments | |||||||||||||
| MARKET VALUE | |||||||||||||
| At 1 April 2021 | 1,614,906 | ||||||||||||
| Additions | 127,541 | ||||||||||||
| Disposals | (189„005) | ||||||||||||
| Revaluations | 37,214 | ||||||||||||
| At 31 March | 2022 | 1,590,656 | |||||||||||
| NET BOOK | VALUE | ||||||||||||
| At 31 March | 2022 | 1,590,656 | |||||||||||
| At 31 March | 2021 | 1,614,906 | |||||||||||
| There were |
no listed |
investment | assets | outside | the | UK. | The | historic | cost of | investments is |
|||
| F1,272,963 | (2021:E1,322,155). | ||||||||||||
| 2022f | 2021 E |
||||||||||||
| Cash funds | held by investment | managers | for future | dealings | 151,347 | 85,226 | |||||||
| 12. | INVESTMENT PROPERTY | ||||||||||||
| FAIR VALUE | |||||||||||||
| At 1 April 2021 | |||||||||||||
| and 31 March 2022 | 895,000 | ||||||||||||
| NET BOOK | VALUE | ||||||||||||
| At 31 March | 2022 | 895,000 | |||||||||||
| At 31 March | 2021 | 895,000 |
| The historical | cost | ofthese properties | ofthese properties | ofthese properties | ofthese properties | remains at F232,773. | remains at F232,773. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 13. | STOCKS | |||||||||
| 2022 | 2021 | |||||||||
| Stocks | 9,238 | 7,374 | ||||||||
| 14. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||||||
| 2022 | 2021 | |||||||||
| Trade debtors | 4,055 | 1,620 | ||||||||
| Other debtors | 20,253 | 27,484 | ||||||||
| VAT | 1,036 | |||||||||
| Prepayments | and accrued income | 10,816 | 6,469 | |||||||
| 35,124 | 36,609 | |||||||||
| 15. | CURRENT ASSET INVESTMENTS | |||||||||
| 2022 | 2021 | |||||||||
| F | ||||||||||
| Investment in |
rural | community | broadband | venture | 3,000 | 3,000 | ||||
| Fixed and variable | interest bearing | bonds | and deposits | 251,660 | 249,077 | |||||
| 254,660 | 252,077 |
| 2022 f |
2021 F |
|||
|---|---|---|---|---|
| Unrestricted funds; |
||||
| Current accounts | 352,599 | 233,337 | ||
| Deposit accounts | 166,305 | 195,405 | ||
| 518,904 | 428,742 | |||
| CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| F | F | |||
| Deposits for county events, | courses and activity centre | 283,643 | 169,993 | |
| Trade creditors | 13,202 | 6,197 | ||
| Social security and other taxes | 2,754 | 1,813 | ||
| VAT | 3,600 | |||
| Other creditors | 166,303 | 97,959 | ||
| World Scout Youth Events | 36,464 | 38,264 | ||
| Accruals and deferred | income | 12,436 | 11,523 | |
| 518,402 | 325,749 |
| MOVEM | ENT | IN FUNDS | |||
|---|---|---|---|---|---|
| Net | |||||
| movement | |||||
| At 1/4/21 F |
in fundsf | At 31/3/22f | |||
| Unrestricted | funds | ||||
| General | fund | 3,812,202 | (94,784) | 3,717,418 | |
| Adventure Trust |
14,182 | 1,576 | 15,758 | ||
| 3,826,384 | ~93,208) | 3,733,176 | |||
| TOTAL | FUNDS | 3,826,384 | ~93,208) | 3,733,176 |
| Net mov | ement | in funds, included |
in the above are as foll | ows: | ||
|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||
| resources F |
expendedf | lossesf | in funds F |
|||
| Unrestricted | funds | |||||
| General fund Adventure Trust |
264,562 3,098 |
(396,560) ~1,822) |
37,214 | (94,784) 1,576 |
||
| 267,660 | )398,082) | 37,214 | $93,208) | |||
| TOTAL | FUNDS | 267,660 | )398,082) | 37,214 | @93,208) |
| Net | |||||
|---|---|---|---|---|---|
| movement | |||||
| At 1/4/20 | in funds | At 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 |
| Compara | tive | net movement in f |
unds, included in the abov |
e are as follows | : | |
|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| E | F | |||||
| 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 |