2023-03-31-accounts - West Lancashire County Scout Council

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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

At the ye	ar-end the unrest	ricted	funds in th	e balance		sheet ar	e categori	sed as follows;
								2023	2022
								6	6
Property	and equipment	used	in providing	scouting	activities			778,875	796,649
Adventure	Trust							18,528	15,758
Amounts	set aside in income		generating assets such			as rental
properties	and the stock	market to provide		investment		returns		2,232,500	2,232,500
Assets "tied-up" in generating			income and	activities				3,029„903	3,044,907
Balance	of other reserves	available to cover general				running	costs
and the replacement of county			assets ("free"assets)					686,968	688,269
Unrestricted Funds								3,716,871	3„733,176

for the year ended 31 March	2023
			2023	2022
			Unrestricted	Unrestricted
			Funds	Funds
		Notes	F	F
INCOME AND ENDOWMENTS	FROM
Charitable activities		2&3
Activity Centre and County			901,413	192,149
Investment income			86,512	75,511
Total income			987,925	267,660
EXPENDITURE ON
Raising funds Charitable activities		4 5&6	23,212	33,622
Activity Centre and County			1,012,717	364,460
Total expenditure			1,035,929	398,082
Deficit before investment gains	and losses		(48,004)	(130,422)
Net gains on all investments			31,699	37,214
Net Expenditure for year			(16,305)	(93,208)
RECONCILIATION OF FUNDS
Total funds brought forward			3,733,176	3,826,384
TOTAL FUNDS CARRIED FORWARD			3,716,871	3,733,176

West Lancashire County Balance Sheet 31 March 2023	Scout Council
		2023	2022
		Unrestricted	Unrestricted
	Notes	Fundsf	Fundsf
FIXEDASSETS
Tangible assets Investments	10	778,875	796,649
Investments Investment property	11 12	1,557„489 1,020,000	1,742,003 895,000
		3,356,364	3,433,652
CURRENT ASSETS
Stocks Debtors	13 14	12,167 75,728	9,238 35,124
Investments Cash at bank	15 16	258,964 420,759	254,660 518,904
		767,618	817,926
CREDITORS
Amounts falling due within one year	17	(407,111)	(518,402)
NET CURRENT ASSETS		360,507	299,524
TOTAL ASSETS LESSCURRENT
LIABILITIES		3,716,871	3,733,176
NET ASSETS		3,716,871	3,733,176
FUNDS	18
Unrestricted funds:
General fund		3,698,343	3,717,418
Adventure Trust		18,528	15,758
TOTAL FUNDS		3,716,871	3,733,176

			2023	2022
		Notes
Cash flows from operating	activities
Cash generated from operations		1	(188,523)	82,829
Net cash (used in)/provided	by operating	activities	(188,523)	82,829
Cash flows from investing	activities
Purchase oftangible fixed assets Purchase offixed asset investments Sale offixed asset investments			(26,441) (426,899) 442,427	(9,024) (127,541) 189,005
Movement in current asset investments Movement in cash funds held by broker			(4,304) 75,685	(2,583) (66,121)
Interest received			6,716	2,806
Dividends received			23,194	20,791
Net cash provided by investing activities			90„378	7,333
Change in cash and cash	equivalents
in the reporting period			(98,145)	90,162
Cash and cash equivalents	at the
beginning ofthe reporting	period		518,904	428,742
Cash and cash equivalents	at the end
ofthe reporting period			420,759	518,904

ACTIVITIES
						2023 F	2022f
Net expenditure for the reporting ofFinancial Activities) Adjustments-for:				period (as per	the Statement	(16,305)	(93,208)
Depreciation charges						44,215	44,574
Gain on investments						(31,699)	(37,214)
Interest received						(6,716)	(2,806)
Dividends received Increase in stocks (Increase)/decrease	in debtors					(23,194) (2,929) (40,604)	(20,791) (1,864) 1,485
(Decrease)/increase	in creditors					{111,291)	192,653
Net cash (used in)/provided			by operations			(188,523)	82,829
ANALYSIS OF CHANGES		IN	NET	FUNDS
					At 1/4/22	Cash flow	At 31/3/23
						E
Net cash
Cash at bank					518,904	$98,145)	420,759
					518,904	$98„145)	420,759
Liquid resources
Deposits included in	cash
Current asset investments					254,660	4,304	258,964
					254,660	4,304	258,964
Total					773,564	$93,841)	679,723

INVESTME	NT INCOME
		2023	2022
		E
Rental income		56,602	51,914
Investment	income	23,194	20,791
Bank interest		6,716	2,806
		86,512	75,511

						2023	2022
						6
Activity centre income						226,197	90,195
Scouting activities, training	and section income					80,263	10,255
County and international events						577,111	11,602
Grants for equipment and	activity		centre				46,750
Government Coronavirus support grants CJRS furlough grants Miscellaneous income and donations						17,842	12,000 7,213 13,934
						901,413	192,149
RAISING FUNDS
Investment management	costs
						2023	2022
Investment managers fees						14,406	16,134
Property managers administration Investment properties maintenance			and valuation fees and other costs			5,675 3131	5,194 12,294
						23,212	33,622
CHARITABLE ACTIVITIES COSTS
						2023	2022
							f
Salaries, wages, employers	national			insurance	and pensions	131,220	115,535
Activity centre costs World Scout Youth Events						82,634 16,000	59,644 14,200
Scouting activities, training	and section expenses					92,614	29,180
County and international events						587,153	9,557
Grant spend on equipment	and activity centre						47,544
County Executive, administration		and other costs				50,755	36,726
Depreciation less profit on	disposal		oftangible		fixed assets	44,215	44,574
						1,004,587	356,960

SUPPORT	COSTS
				Governance
				costs
				6
Activity Centre and County				8,130
Governance	costs;
			2023	2022
			F	6
Accountancy and audit Legal and professional		fees	8,130	7,260 240
			8,130	7,500

			2023	2022
			F	6
Wages	and	salaries	131,220	115,535
			131,220	115,535

The avera	ge monthly number ofemployees during	the year was as follows:
		2023	2022
Charitable	activities	5	5
Administration		2	2

				2023 f	2022 f
	Realised gains/(losses)
	Investment properties
	Listed investments			43,398	8,723
				43,398	6,723
	Unrealised (losses)/gains
	Investment properties			125,000
	Listed investments			(136,699)	28,491
				~11,699)	28,491
	Total gains/(losses)			31,699	37,214
10.	TANGIBLE FIXEDASSETS
		Freehold	Plant and	Motor
		property	machinery	vehicles	Totals
		F	F	6	6
	COST
	At 1 April 2022 Additions	1,264,075 23,102	189,599 3,339	37,062	1,490,736 26,441
	At 31 March 2023	1,287,177	192,938	37,062	1,517,177
	DEPRECIATION
	At 1 April 2022 Charge for year	518,384 33,966	144,598 10,249	31,105	694,087 44,215
	At 31 March 2023	552,350	154,847	31,105	738,302
	NET BOOK VALUE
	At 31 March 2023	734,827	38,091	5,957	778,875
	At 31 March 2022	745,691	45,001	5,957	796,649

for th	e year ended 31 March 2023	e year ended 31 March 2023	e year ended 31 March 2023
11.	FIXEDASSET INVESTMENTS
												2023 6	2022f
	Shares Cash funds	held by investment		managers			for future	dealings			1,481,827 75,662		1,590,656 151,347
											1,557,489		1,742,003
													Listed
													investments
													E
	MARKET VALUE
	At 1 April 2022												1,590,656
	Additions Disposals Realised and unrealised (losses)		gains	and									426,899 (442,427) ~93,301)
	At 31 March	2023											1,481,827
	NET BOOK	VALUE
	At 31 March	2023											1,481,827
	At 31 March	2022											1,590,656
	There were	no listed	investment		assets		outside	the	UK.	The	historic	cost of	investments	is
	E1,305,664	(2022:E1,272,963).
												2023	2022
												6	F
	Cash funds	held by investment		managers		for future		dealings				75,662	151,347
12.	INVESTMENT PROPERTY
	FAIR VALUE
	At 1 April 2022 Revaluation												895,000 125,000
	At 31 March	2023											1,020,000
	NET BOOK	VALUE
	At 31 March	2023											1,020,000
	At 31 March	2022											895,000

13.	STOCKS
									2023	2022
									8	8
	Stocks								12,167	9,238
14.	DEBTORS:AMOUNTS				FALLING DUE WITHIN ONE YEAR
									2023	2022
									E	E
	Trade debtors								31,380	4,055
	Other debtors								17,799	20,253
	VAT								828
	Prepayments		and accrued income						25,723	10,816
									75,728	35,124
15.	CURRENT	ASSET INVESTMENTS
									2023 E	2022 f
	Investment	in	rural	community		broadband		venture	3,000	3,000
	Fixed and variable			interest bearing			bonds	and deposits	255,984	251,660
									258,964	254,660
18.	CASH AT BANK
									2023	2022
									E	6
	Unrestricted	funds;
	Current accounts								202,014	352,599
	Deposit accounts								218,745	166,305
									420,759	518,904

CREDITORS: AMOUN	TS FALLING DUE WITHIN ONE YEAR
		2023f	2022 E
Deposits for county events, courses and activity centre		143,894	283,643
Trade creditors		31,986	13,202
Social security and other taxes		2,225	2,754
VAT			3,600
Other creditors		192,627	166,303
World Scout Youth Events		19,214	36,464
Accruals and deferred	income	17,165	12,436
		407,111	518,402

MOVEM	E	NT	IN FUNDS
						Net
					movement
				At 1/4/22		in funds	At 31/3/23
				F		F.	E
Unrestricted			funds
General	fund			3,717,418		(19,075)	3,698,343
Adventure		Trust		15,758		2,770	18,528
				3,733,176	~06,305)		3,710,071
TOTAL	FUNDS			3733176,	~,	06,305)	3,716,071

Net mov	ement	in funds, included	in the above are as foll	ows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			F	F	E	E
Unrestricted		funds
General fund Adventure Trust			982,829 5,096	(1,033,603) ~2,326)	31,699	(19,075) 2,770
			987,925	~),035,929	31,699	~06,305)
TOTAL	FUNDS		987,925	~0,035,929)	31,699	~16,305)

					Net
					movement
				At 1/4/21	in funds	At 31/3/22
				F		F
Unrestricted			funds
General	fund			3,812,202	(94,784)	3,717,418
Adventure		Trust		14,182	1,576	15,758
				3,026,384	~93,200)	3,733,176
TOTAL	FUNDS			3,826,384	~93,200)	3,733,176

Comparative	net movement in f	unds, included in the abo	ve are as follow	s:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		E		F	F
Unrestricted	funds
General fund Adventure Trust		264,562 3,098	(396,560) ~1,522)	37,214	(94,784) 1,576
		267,660	(398,082)	37,214	~93,208)
TOTAL FUNDS		267,660	(398,082)	37,214	~93,208)