CHARITY REGISTRATION NO: 521770 TH 4 MELTON MOWBRAY SCOUT GROUP FINANCIAL STATEMENTS 31-Dec-23 Final ACCOUNTS Prepared by: H Cole 4 Scout Group Treasurer th 4 MELTON MOWBRAY SCOUT GROUP YEAR ENDED 31 DECEMBER 2023 REFERENCE AND ADMINISTRATIVE INFORMATION Registered tharity number: 521770 Di5trfrt reglstration number: 6720 Trustees: Group Chalrman: Group Scout Leader.. Group Secretary.. Group Treasurer- Section Leaders- Mr D. Fraser Mr C Culley Mrs S.Ha2eldine Mrs H.Cole Mrs T.Culley Mr C.Culley Mr A De Jonge Mr5 H Cole Mr l Frazer Darwin Beavers Darwin Cubs Darwin Scouts Llvlngstone Beavers Llvlngstone Cubs Uvln8Stone Scouts Mr C Gant Mr C Culley Ms L Smith Quartermaster T Shlrts Organiser Contact Name and Address: Mrs H Cole 27 Tenny50n Way Melton Mowbrav Leicestershire LE13 IU Bankers: HSBC Bank PIC 17 High Street Melton Mowbray Lelcestershire LE13 OTS Barclays Bank plc Wilton Road Melton Mowbray Leicestershire LE13 OUJ Indepèndent examlner: Mr T Sanders 2 Torrance Drive Melton Mowbrav LE13 IHR 4th MELTON MOWBRAY SCOUT GROUP TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees have pleasure in presenting their report together with the financial statements and independendent examiner's report for the year ended 31 December 2023 The reference and administrative information set out on page I forms part of this report. Strurture overnance and mana ement The Scout group operates as a charitable trust under the Policy. Organisation and Rules of the Scout Association and trustees are appointed in accordance therewith. The trustees are responsible for holding the capital and income of the trust fund and applying it for the objects of the trust. The trustees who Served during the year and up to the date of this report are set out on page 2. Objectlves and actlvltles The purpose of Scouting is to promote the development of young people in achieving their full physical, intellectual, soci31 and spiritual potential, as individuals, as responsible citizens and as members of their local, national and international communitie5. In providing a stimulating range of activities on a voluntary basis for the members of the group, the trustess aim to develop the mental, physical and spiritual welfare of young people. The trustees have had due regard to guidance published by the Charity Commisslon on the subject of public benefit in the planning of activities. and are confident that this requirement is being fulfilled. chlevements and erforman The profit & loss on page S and the balance sheet on page 6 reflect the transactlons for the year ended 31 December 2023 and the assets and Ilabilities as at that date. There were net Incomin8 resources for the year of1£5842.881 compared to net Incoming resources of1£7095.221 for the year ended 310ecember 2022 The group wish to report the contlnued expansion of group numbers and have continued with the running of the water activities centre bein8 run by the qualified leaders of the 4th Scout Group The value of services provided by volunteers has not been included in these accounts but the trustees would like to gratefully acknowledge the time donated by parents and helpers throughout the year. Reserves policy The trustees hold reserves for the following reasons- Approximately £8,000 has been reserved at the year end to meet capitation fees payable to District in March for the following year. On an on-going basis, a £10 per member per term from the paid subscriptions are allocated to activity costs the remaining to indirert costs. Donatlons and fundraising income are used to purchase new equipment to purchase new equipment and reserrfes are accumulated for this purpose- At this year-end, net current assets amounted to £38,448 which was considered adequate for these purposes. This report has been prepared in accordance with the Statement of Recommended Practice- Accounting and Reporting by Charities (revised 2005}. takin8 advantage of the concessions provided by the SORP for smaller charities. Approved by the Trustees on ......... and signed on their behalf by: C Culley- Group Scout Leader Trustee Mrs H Cole- Group Treasurer Trustee INDEPENDENT EXAMINER MrT Sanders Date:... Profit & Loss From.. l January 2023 To.. 31 December 2023 2023 2022 INCOMING RESOURCES Grants Gift Aid Tax Refund Fundraising and Donations Donated Facilities Activities for Generating Funds 3085.50 1063.00 2276.44 809.90 0.00 137.00 0.81 Hire of Scout Hut 268.00 47.87 From Charitable Activities Membership Activities Camps Special Events 17568.01 3S3.26 2985.00 137911.99 15408.20 0.00 4380.60 14110.27 0.00 Adjustments 163282.63 37123.22 COSTS Opening Stock Cost of T-shlrts Cost of Necker's, Badges Cost of Scouting Books Closing Stock 1716.73 1902.12 0.00 1292.08 75.25 -1716.73 1549.97 63.50 -1704.79 1625.41 1552.72 COST OF AcfiviTIES FOR CHARITABLE Amount Paid to District Scout Group Activities Trainlng Costs 7820.00 136389.09 516.20 6723.50 21596.91 0.00 144725.29 16931.93 2832@.41 7250.09 GROSS PROFIT/LOSS PREMISES & OTHER COST Premises Costs Rent Rates & Water Light & Heat Insurance Cleaning Maintenance Equipment Hire/Maintenance Scout Hut Fixtures & Fittin8S Equipment Donations Fundraising Costs Bank and Buildin8 Society ChargE Loan Interest Administrative Costs Sundries Suspense alc 520.00 130.45 3108.38 6503.10 1052.04 697.69 1017.37 7469.95 276.96 715.51 656.48 0.00 0.00 500.00 336.42 1356.15 1103.65 836.38 339.36 401.95 7469.95 202.31 985.00 12.00 0.00 Depreciation Other Costs 608.43 18.45 367.35 434.79 22774.81 14345.31 NEf PROFIT/LOSS -5842.88 -7095.22 Balance Sheet From.. I, January 2023 To: 31, December 2023 2023 2022 FIXED ASSETS Property Artivities/General Equipment Furniture & Fixtures 82073.72 5373.38 1938.77 89843.67 6088.89 2215.73 89385.87 98148.29 CURRENT ASSETS Stock Debtors Deposit5 and Cash Bank Account 2389.03 871.48 1121.89 34418.75 1716.73 164.87 504.14 95518.61 38801.15 97904.35 CURRENT LIABILITIES Creditors: Short Term 353.15 45276.48 353.15 45276.48 CURRENT ASSETS LESS CURRENT LIABILITIES: 38448.LY) 52627.87 TOTAL ASSETS LESS CURRENT LIABILITIES: 127833.87 150776.16 LONG TERM LIABILITIES Creditors: Long Term 17099.41 0.00 17099,41 TOTAL ASSEfs LESS TOTAL LIABILITIES: 127833.87 133676.75 ACCUMULATED FUNDS Unrestricted funds P&L Account 133676.75 140771.97 -7095.22 -5842.88 127833.87 133676.75 4th MELTON MOWBRAY SCOUT GROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards and The Financial Reporting Standard for Smaller Entities (effective April 2CM)8). In preparing the financial statements the charity has followed best practice as set out in the statement of Recommended Practice"Accounting and reporting by charities ISORP 2005) taking advantage of the concession5 provided by the SORP for smaller charities. Incoming resources Voluntary income is received by way of grants and donations and is included in full in the statement of financial activities as it becomes available to the charity. any conditions for receipt are met, it is reasonably certain to be received and the value can be reliably measured. Donated facllitle5 hre included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for serlices donated by volunteers. Outgoing resources Outgoing resources are reco8nised in the period in whlch they are incurred and Include attributable VAT which cannot be recovered. Flxed assets Depreciation Is provided on the tan8ible flxed assets at the followin8 rates: Leasehold property- Scout Hut 4% strai8ht line Large equipment IO% reducing balance basis Fixture5 and fittings 12.5% reducin8 balance basls Electrical equipment 25% reducin8 balance basis Small camp equipment 25% reducin8 balance basis STOCK Stock of badges at the year end is valued at the lower of cost and net realisable value. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TH 4 MELTON MOWBRAYSCOUT GROUP I report on the financial statements ofthe Group for the year ended 31 December 2023 Respectlve responslbilities of the trustees and examiner The Group'5 trustees are responsible for the preparation of the financial statements. The Group's trustees consider that an audit is not required for this year under section 43121 of the Charities Act 1993 Ithe 1993 Act). and that an independent examination is needed. It is my responsibility to: examine the financial statements under section 43 of the 1993 Act; follow the procedures lald down in the general Dlrections given by the Charlty Commission under section 4317llbl of the 1993 Act,. and state whether particular matters have come to my attention. Basls of independent examlnerfs statement My examinatlon was carried out in accordance with general directions given by the Charity Commisslon. An examination includes a review of the accountln8 records kept by the charity and a comparison of the financial statements presented with those records. it also includes consideration of any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. consequently no opinion is given as to whether the financial statements present a "true and falr view" and the report Is lirnited to those matters set out In the statement below, Independent examlnerfs statement In connection with my examination, no matter has come to my attention: which 8ives me reasonable cause to believe that, in any materlal respect, the requirements: a) to keep accounting records In accordance with section 41 of the 1993 Act; and bl to prepare financial statements which accord with the accountlng records and comply with the accounting requirements of the 1993 Act to which, in my opinion. attention should be drawn in order to enable a proper understanding of the financial statements to be reached.