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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 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|
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|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|
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||||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|
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|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|
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|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|
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|||||||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|
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|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|
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||||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|
##
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|||||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|
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|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||
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|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|
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|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|
##
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|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|
##
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|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)|
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