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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||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|
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||||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|
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|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)|
##
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|||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|
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|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|
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|||||||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|
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|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|
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||||2022|2021|
|---|---|---|---|---|
|Wages|and|salaries|115,535|110,812|
||||115,535|110,812|
|||2022|2021|
|---|---|---|---|
|Charitable|activities|5|5|
|Administration||2|2|
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|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|
##
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|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|
##
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||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|
##
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||||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|
##
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|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)|
##
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|||||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|
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