124th Nottingham Scout Group ## **The following financial review is an extract from the FULL Trustee's Annual Report** 124th Nottingham Scout Group Trustees' Annual Report for the Year Ending 31 March 2022 ## **Financial Review** The Groups received a total income of £22916. Due to COVID restrictions, we were still unable to run a full fundraising program. However, this was mitigated by government grant income of £2667 and £18789 were released from the grant income from 2021. Over the next 2-5 years we have identified a number of costs around securing the future lease and for capital improvements to the building. The Executive Group's view is this is suitable long term investment for the 124th future and we have made the decision to carry forward £35000to cover these costs. The Group's policy on reserves is to hold sufficient funds to continue the charitable activities of the group should income and fund raising activities fall short. We think this is especially important around the uncertainty on current energy prices and other costs. The Group held reserves of £31702 at the end of the financial year, and the Group also has a separate reserve of £15,000 designated for the purpose of obtaining a new minibus once it is deemed necessary to do so. There is also a designated reserve, generously bequeathed by a local resident a number of years ago. The balance on the reserve, being £500, is to be used towards the costs of sending scouts on jamborees and similar events, or to be used on expenditure of a permanent nature. It is the Group's aim to keep subscriptions at the current level to help support our families and deliver value. Our subs are in the lower range of local scout groups, and we will aim to keep this level until our next review in March 2023. Finally it is Group policy that any identified surplus is used to subsidise core scouting activities, such as camps. The Group adopts a low risk strategy to the investment of its funds and hence all funds are held in cash using only mainstream banks or building societies or The Scout Association's Short Term Investment Service. The Trustees declare that they have approved the trustees' report above. Signed on behalf of the charity's trustees: Nick Kay ____________________________________________ Secretary Date: Group Accounts 2021/2022 **124[th] Nottingham Scout Group** ## **INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDING 31[ST] MARCH 2022** **----- Start of picture text -----**
Description Note General Funds Designated Total Total
2021/2022 2021/2022 2021/2022 2020/2021
General Income:
Subscriptions Received £14,502.65 £0.00 £14,502.65 £11,506.00
Gift Aid Received 1 £2,458.00 £0.00 £2,458.00 £2,250.00
Miscellaneous Income £58.55 £0.00 £58.55 £16.43
Government Grant 1 £21,456.00 £0.00 £21,456.00 £0.00
Income from Camps £320.00 £0.00 £320.00 £1,223.40
Donations Received £638.60 £0.00 £638.60 £25.00
Bank & Investments Interest £1.38 £0.00 £1.38 £158.51
Income from Ebay £0.00 £0.00 £0.00 £780.49
Income from Events:
Activity income £286.33 £0.00 £286.33 £0.00
Jumble Sales £0.00 £0.00 £0.00 £0.00
Xmas Market £1,713.00 £0.00 £1,713.00 £1,745.00
Carols Round the Pump £270.80 £0.00 £270.80 £0.00
Coffee Morning/ Firework £0.00 £0.00 £0.00 £0.00
TOTAL INCOME £41,705.31 £0.00 £41,705.31 £17,704.83
Direct Charitable Activities
Unit Activities £2,887.48 £0.00 £2,887.48 £1,045.72
Cost of Badges £1,305.54 £0.00 £1,305.54 £174.54
Camp Expenditure £3,720.09 £0.00 £3,720.09 £1,142.40
Vehicle Running Expenses 2 £2,051.43 £0.00 £2,051.43 £2,080.07
£9,964.54 £0.00 £9,964.54 £4,442.73
Overhead Expenditure
Advertising £0.00 £0.00 £0.00 £76.36
Building Insurance £2,006.76 £0.00 £2,006.76 £1,945.87
Rent & Rates £592.71 £0.00 £592.71 £513.37
Buildings Maintenance £943.51 £0.00 £943.51 (£65.75)
Equipment Purchases £81.00 £0.00 £81.00 £0.00
Capitation Fees £3,932.40 £0.00 £3,932.40 £5,525.00
Miscellaneous Expenses £1,964.73 £0.00 £1,964.73 £448.81
Stationery & Postage £36.55 £0.00 £36.55 £0.00
Utilities (Gas, Electric, Tel.) £2,570.22 £0.00 £2,570.22 £2,073.36
£12,127.88 £0.00 £12,127.88 £10,517.02
TOTAL EXPENDITURE £22,092.42 £0.00 £22,092.42 £14,959.75
NET INCOME £19,612.89 £0.00 £19,612.89 £2,745.08
Less ; Transfer to Designated Funds (£17,500.00) £17,500.00 £0.00 £0.00
NET MOVEMENT IN FUNDS £2,112.89 £17,500.00 £19,612.89 £2,745.08
BALANCES B/F 1 APR 2021 £31,702.77 £15,500.00 £47,202.77 £44,457.69
BALANCES C/F 31 MARCH 2022 8 £33,815.66 £33,000.00 £66,815.66 £47,202.77
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PAGE 1 124th Nottingham Scout Group is registered as a charity in England Wales with Registration Number : 522458 Group Accounts 2021/2022 ## **BALANCE SHEET FOR THE YEAR ENDING 31[ST] MARCH 2022** **----- Start of picture text -----**
2021/2022
Description General Designated Total Total
Fixed Assets
Tangible Assets – Vehicle £0.00 £0.00 £0.00 £0.00
Current Assets
Debtors 3 £0.00 £0.00 £0.00 £0.00
Stock – Badges 4 £260.53 £0.00 £260.53 £232.75
Prepayments 5 £3,772.17 £0.00 £3,772.17 £3,804.00
Scout Association Short Term Investment £10,889.74 £10,000.00 £20,889.74 £20,765.66
Bank Current Account £16,440.89 £15,500.00 £31,940.89 £31,748.70
Bank Reserve Account £6,350.42 £7,500.00 £13,850.42 £13,794.04
Cash in Hand £1,026.98 £0.00 £1,026.98 £1,280.09
£38,740.73 £33,000.00 £71,740.73 £71,625.24
Less Current Liabilities
Accruals & Provisions 6 £2,759.00 £0.00 £2,759.00 £3,467.40
Income in Advance 7 £6,214.07 £0.00 £6,214.07 £20,955.07
£8,973.07 £0.00 £8,973.07 £24,422.47
NET ASSETS £29,767.66 £33,000.00 £62,767.66 £47,202.77
Represented By Funds
Unrestricted (General Funds) 8.1 £29,767.66 £0.00 £29,767.66 £31,702.77
Designated Funds 8.2 £0.00 £33,000.00 £33,000.00 £15,500.00
£29,767.66 £33,000.00 £62,767.66 £47,202.77
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**The above accounts were approved by the Trustees on xxxxxxxxxxxx and were signed on their behalf by:** Dr Huw Edward Williams **____________________________________ Chairman** Kamann Eong **___________________________________ Treasurer** PAGE 2 124th Nottingham Scout Group is registered as a charity in England Wales with Registration Number : 522458 Group Accounts 2021/2022 **NOTES TO THE ANNUAL ACCOUNTS** ## **1[Accounting Policies]** ## Basis of Accounting These financial statements have been prepared under the historical cost convention in accordance with applicable **(i)** accounting standards and the Statement of Recommended Practice “Accounting by Charities”. Income from Gift Aid is accountable when the relevant claim is submitted to HMRC. ## **(ii)** Provision for Depreciation of Fixed Assets held for use by the Group is made at annual rates calculated to **(iii)** spread the cost of each asset evenly over its expected useful life. The depreciation rates currently in use are at the following rates on cost: Motor Vehicles 25% Equipment 25% **(iv)** Stocks of badges and uniform accessories have been valued at the lower of cost and net realisable value. ## **2[Vehicle Running Expenses]** We continued to run the minibus during the year, with costs as below. The minibus has been fully depreciated. Provision has been made over the last few years for the replacement of the vehicle, see note 8. It is now agreed that no further provision need be made. A breakdown of vehicle costs is as follows: |Vehicle Tax
Vehicle Insurance
Vehicle Expenses
**SUB TOTAL**
Depreciation
**TOTAL COST**|**2022**
**2021**
£ 165.00 £ 165.00
-
£
£ 1,044.66
-
£
£ 1,699.05
**£165.00**
**£2,908.71**
£0.00
£0.00
**£165.00**
**£2,908.71**| |---|---| ## **3 Debtors** The following payments were owing to the Group as at 31 March 2022: |HMRC Gift Aid Application
**TOTAL**|**2022**
**2021**
£0.00
£0.00
**£0.00**
**£0.00**| |---|---| PAGE 3 124th Nottingham Scout Group is registered as a charity in England Wales with Registration Number : 522458 Group Accounts 2021/2022 ## **4 Stock** Stock at the end of the year, and the movment therein during the year, related to both Badges and Merchandise (Polo Shirts) as follows: |Opening Stock (Badges)
Purchases (Badges)
Less Closing Stock (Badges)|**2022**
**2021**
£232.75
£279.17
£1,333.32
£128.12
(£260.53)
(£232.75)
£1,305.54
£174.54| |---|---| ## **5 Prepayments** Prepayments made prior to the end of the financial year relating to activities in the following financial year were represented by: |Capitation fees paid in advance|Capitation fees paid in advance|Capitation fees paid in advance|Capitation fees paid in advance||**2022**
**2021**
£0.00
£5,525.00| |---|---|---|---|---|---| |Interest|receivable|on|Scout|Association|| |account|||||£0.00
£150.00| |**TOTAL**|||||**£0.00**
**£5,675.00**| ## **6 Accruals & Provisions** The following accruals & provisions were noted in the account relating to: |Minibus repair work provision
Kandersteg camp income
Duplicated government grant
Trade waste
**TOTAL**|**2022**
**2021**
£0.00
£600.00
£1,425.00
£1,425.00
£1,334.00
£1,334.00
£0.00
£108.40
**£2,759.00**
**£3,467.40**| |---|---| ## **7 Income in Advance** Income was taken in advance prior to the end of the financial year and is represented by: |Government Grants
Less ; released in year
Kandersteg camp
**TOTAL**|**2022**
**2021**
£20,955.07
£20,955.07
(17,500.00)
0.00
£3,455.07
£20,955.07
£0.00
£0.00
**£3,455.07**
**£20,955.07**| |---|---| The Grant received during the year and that brought forward, has been released in line with the timing of the relevant expenditure to which it relates. PAGE 4 124th Nottingham Scout Group is registered as a charity in England Wales with Registration Number : 522458 Group Accounts 2021/2022 **8 Funds** **8** The General Fund is unrestricted , and can be spent on the general activities of the Group ## **8** expenditure, or for a future purpose. The analysis of Designated Funds are as follows : |Opening Balance as at 1 April 2021
Transfers in the year
Balance c/fwd at 31 March 2022|**[Wollaton]**
**Fund**
**Vehicle**
**Replacement**
**Fund**
**Building**
**Fund**
**New Lease**
**Fund**
£500.00
£15,000.00
-
-
-
£2,500.00
£5,000.00
£10,000.00
£500.00
£17,500.00
£5,000.00
£10,000.00|**Total**
£15,500.00
£17,500.00
£33,000.00| |---|---|---| The [Wollaton} fund was received in August 2000 as a bequest from a former local Wollaton resident. The capital is to be invested and only the income from the capital will be used as contributions to send scouts to International Jamborees or local camps. Capital can only be otherwise spent on items of a permanent nature. may have to spend. The Building Fund is to carry out major works on the Scout Hut. The New Lease Fund is to cover the likely expenditure relating to a new lease . No indication has yet been received commence to put funds aside for this purpose, and to cover the associated legal costs. 124th Nottingham Scout Group is registered as a charity in England Wales with Registration Number : 522458 Gfwp kNuniS 10?U2022 124, Nottlngham Scout Group Statement of Accounts for the Year Ending 31 March 20Z2 th Independent Examlner's Report to the Trustsos of 124 Nottingham Scout Group l ￿pOrt on thè ¥ccovnts ol th8 charity for the yoarended 31 Mareh 2022, which are 881 out on PO9￿ 110 5 R•spKtlve r•$ponslbllltfjes of trust••8 and èxamlnor The charity's IN$lees are rosp0n$1b￿ for Ihe p￿p8ratiOn ol thg accounts. TM ehariWs trus18•s consldèr that an audrt t8 nol required for thi$ year under section 144121 ol the Charities Act 2011 Ilhe 2011 Act) and th81 an independent examinalon Is needed The charW8 gr05¥ Incomg e¥￿ed￿d £25.000 l am qualffvdd to undertake the ey8minotKn by being a qualified member of the Institute of Chartered Accountants England and Wa￿S It L8 my responsibility to". èxamine th8 a￿Ounts und•r $8cbon 145 01 th• 2011 ￿th.. follow the prtxedures lald du•m in Ihe gèneral Direction$ gNen by thè Charity Cc¥nmis$ion undèr secbon 145ISXbl tsf th8 2011 Art and ¥lats whether particulor rn8ttor8 hava come to my 8ttentwJn. Basls ol Ind•pondent examlnefs report My examination was ca￿led out in ac¢nrdance wilh the general Directlons gnien by the Chartty Commlsslon An eyamination Indu¢es a ￿￿eW cf the accounts.ng rocords kept by the charity and a cornparison of the gc¢ounts pr8sentod V*ih those re￿)r￿S 11 also indudes consideration olany unusual items or disdosures in the accounts. and seeking explan8b"on$ from you 8$ twslees concErning any su¢h mattets 7he proTrdures undertaken Llo not provh¥e all Ihe evidence that￿rUld b8 required in an audit and ¢onsequenlly no opinion i4 given os lo whether the a¢counts present a.truè and fair VIV￿ and the report is linrted 10 those mattor$ 58t out irs the $ts1gment be Indeynd•nt •xamlMt$ siatoment In conner*on examinatsn. no matter has come to my attention. gNe5 me rEa$onablè cause to belEve that. in any material ￿$￿ett. the reqviffjments.. ID keep accr)untin9 re￿ra$ in a￿￿rdance 8ectson 130 01 the 2011 Act.. and to p￿pare atrount5 which accord wilh th6 axounting r8cord$ and Comply wth thè 8ccounting requiwents of the 2011 Act have nol Leen mel. or towhich. in My q)wiKtin. attèntion shoubj be drawn in orderto ènable 8 proper understanding of Ilw account$ to b• reached. R Mlnshall FCA Dato: 124th 5cw16ic¥Jp15rewsier*d4ii•￿rtt¥￿ EnOabdW•lu￿th Nurnb•r 522150