Scouts 124th Nottingham Scout Group nancial Revi The Group received a total income of £49233.83 The Group's policy on reserves is to hold sufficient funds to continue the charFtable attivities of the group for one year should income and fund-raising acrrytties fall short. The Group held General Fund reserves of £29.314.09 at the end of the finanual year and ive think this remains imwrtant due to uncertainty on general costs. energy prices and other lnfjati(Kry rises. the next 2-5 years we have identified a number of costs around securing the future lease aThJ for camal impfovements to the building. The EXeCUe Group's wew is this is suitable long-temi investment for the 124th future and we have made the decision to carry forward £15.0 in designated reserve funds 10 cover Ehe5e costs. The Group also has increased the designated reserve ftstid f(Y the purpose of obtaining a new minibus (once rt is deemeLI necessary to do sol by £4,C(#J to £21.5CQ. The Group ha5 received a generou5 donatTon of £8,(iKI in memory of John Spence 'ro 5UPPOrt inremotionol rrtivel opportunme5for rhose young people. needinqjlnoncialsupport in order ro unilertoke rhe experiences thrs rrovel bring ¥¥hith is held as a restficred fund (the John Spence Fund for Intemaiional Travell on the balance sheeL The Group adopts a low risk s1rare to the investment of its funds and hence all funds are held in cash Ung only mainstream banks or tilding societs"es; this year has seen the management of funds acr0$5 shon temi140 daysl and long term1180 days) fixed term saviw (for designated funds) and inant ccess savings to maximise the interest on this cash. It remains the Group's aim to keep wbscription5 at ihe current level. where possible, io help supwrr our families and deliver value. Our sub5 are in the lower range of local scout groups, and we will aim to keep this level until our next review in March 2025. tt is Group policy that any"Klentsfied surplus used to subsidise core 5COUting acrr¥ities. such as camps and section acfrfflTes. The Trustees declare that they have apwoved the Tepon aLM)ve. &ed on behaff of the charity's trustees: Nick Kay Group Secretary ' IIY June 2024
Group Accounts 2023/2024
124[th] Nottingham Scout Group
Statement of Accounts for the Year Ending 31 March 2024
Independent Examiner's Report to the Trustees of 124 124" Nottingham Scout [th] Nottingham Scout Group Group
Statement of Accounts for the Year Ending 31 March 2024
I report on the accounts of the charity for the year ended 31 March 2024, which are set out on Pages 1 to 5.
Respective responsibilities of trustees and examiner Independent Examiner's Report to the Trustees of 124 Nottingham Scout Group
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not I report on the accounts of the charity for the year ended 31 March 2024, which are set out on Pages 1 to 5. required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified Respective responsibilities of trustees and examiner member of the Institute of Chartered Accountants England and Wales. The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2014 (the 2011 Act) and that an independent examination is It is my responsibility to: needed. The charity's gross income exceeded £25,000 and | am qualified to undertake the examination by being a qualified
- examine the accounts under section 145 of the 2011 Act;
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and . examine the accounts under section 145 of the 2011 Act:
state whether particular matters have come to my attention. . follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and Basis of independent examiner's report . state whether particular matters have come to my attention,
My examination was carried out in accordance with the general Directions given by the Charity Commission. An Basis of independent examiner's report examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking My éxamination was carried out in accordance with the géneral Directions given by the Charity Commission. An explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence view” and the report is limited to those matters set out in the statement below. that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view" and the report is limited to those matters set out in the statement below. Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
1 which gives me reasonable cause to believe that, in any material respect, the requirements: 1 which gives me reasonable cause to believe that, in any material respect, the requirements:
-
· to keep accounting records in accordance with section 130 of the 2011 Act; and . to keep accounting records in accordance with section 130 of the 2011 Act and
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· to prepare accounts which accord with the accounting records and comply with the accounting requirements . to prepare accounts which accord with the accounting records and comply with the accounting requirements
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of the 2011 Act have not been met ; or of the 2011 Act have nat been met ; or
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be a to which, in my opinion, attention should be drawn in order te enable a proper understanding of the accounts to be reached. feached, M R Minshall FCA M R Minshall ECA oa Us Date: 13th June 2024 Date: 13th June 2024
124th Nottingham Scout Group is registered as a charity in England Wales with Registration Number : 522458
Group Accounts 2023/2024
124[th] Nottingham Scout Group
INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDING 31[ST] MARCH 2024
----- Start of picture text -----
General Unrestricted
Note Funds Restricted Funds Designated Funds Total Total Funds
2023/2024 2023/2024 2023/2024 2022/2023
General Income:
Subscriptions Received £18,763.24 - - £18,763.24 £14,336.00
Gift Aid Received 1 £3,564.00 £2,000.00 - £5,564.00 £2,724.75
Miscellaneous Income £133.00 - - £133.00 £447.50
Government Grant £0.00 - - £0.00 £6,250.00
Income from Camps £4,293.00 - - £4,293.00 £19,512.00
Donations Received £299.00 £8,000.00 £8,299.00 £465.11
Bank & Investments Interest £850.27 - - £850.27 £210.39
Income from Events:
Activity income £1,318.00 - - £1,318.00 £859.44
Jumble Sales £6,497.32 - - £6,497.32 £5,511.22
Xmas Market £2,365.00 - - £2,365.00 £1,776.01
Carols Round the Pump £385.00 - - £385.00 £208.61
Other activites £766.00 - - £766.00 £789.00
Income from ongoing activities £39,233.83 £10,000.00 £0.00 £49,233.83 £53,090.03
Special fundrasing £0.00 £0.00 £0.00 £1,014.24
Total Income £39,233.83 £10,000.00 £0.00 £49,233.83 £54,104.27
Direct Charitable Activities
Unit Activities £4,236.78 - - £4,236.78 £3,900.82
Cost of Badges £1,536.10 - - £1,536.10 £2,298.42
Camp Expenditure 5 £5,054.35 - - £5,054.35 £28,557.79
Vehicle Running Expenses 2 £3,997.27 - - £3,997.27 £3,429.85
£14,824.50 - - £14,824.50 £38,186.88
Overhead Expenditure
Advertising £215.90 - - £215.90 £233.97
Building Insurance £2,410.71 - - £2,410.71 £2,220.19
Rent & Rates £593.96 - - £593.96 £624.04
Buildings Maintenance £1,464.56 - - £1,464.56 £1,273.77
Equipment Purchases £198.00 - - £198.00 £1,700.10
Capitation Fees £7,870.50 - - £7,870.50 £4,126.25
Miscellaneous Expenses £4,049.63 - - £4,049.63 £2,265.33
Stationery & Postage £82.37 - - £82.37 £47.47
Utilities (Gas, Electric, Tel.) £3,191.40 - - £3,191.40 £3,627.44
£20,077.03 - - £20,077.03 £16,118.56
Expenditure from Ongoing activities £34,901.53 - - £34,901.53 £54,305.44
Donations re Special Fundraising £0.00 - - £0.00 £1,048.78
TOTAL EXPENDITURE £34,901.53 - - £34,901.53 £55,354.22
NET INCOME £4,332.31 £10,000.00 £0.00 £14,332.31 (£1,249.95)
Transfers from/to Designated Funds (£4,000.00) £4,000.00 - -
NET MOVEMENT IN FUNDS £332.31 £10,000.00 £4,000.00 £14,332.31 (£1,249.95)
BALANCES B/F 1 APR 2023 £28,981.78 - £32,500.00 £61,481.78 £62,731.66
BALANCES C/F 31 MARCH 2024 6.1, 6.2, 6.3 £29,314.09 £10,000.00 £36,500.00 £75,814.09 £61,481.71
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PAGE 1
124th Nottingham Scout Group is registered as a charity in England Wales with Registration Number : 522458
Group Accounts 2023/2024
BALANCE SHEET AS AT 31[ST] MARCH 2024
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2024 2023
Total Unrestricted
General Unrestricted Designated and Designated
Fund Restricted Funds Funds Total Funds
Fixed Assets
Tangible Assets – Vehicle £0.00 - - £0.00 £0.00
Current Assets
Debtors £0.00 - - £0.00 £0.00
Stock – Badges 3 £406.03 - - £406.03 £374.49
Prepayments 4 £13,639.04 - - £13,639.04 £9,347.17
Scout Association Short Term Investment £0.00 £21,069.78
Bank Current Account £5,310.22 - £5,310.22 £18,865.53
Bank Reserve Account £6,145.23 - £5,000.00 £11,145.23 £13,938.27
Bank Short term savings £7,500.00 £10,000.00 £21,500.00 £39,000.00 £0.00
Bank Long term savings £0.00 - £10,000.00 £10,000.00 £0.00
Cash in Hand £669.25 - - £669.25 £960.38
£33,669.77 £10,000.00 £36,500.00 £80,169.77 £64,555.62
Less Current Liabilities
Accruals & Provisions 5 £4,355.69 - - £4,355.69 £3,073.84
£4,355.69 - - £4,355.69 £3,073.84
NET ASSETS £29,314.09 £10,000.00 £36,500.00 £75,814.09 £61,481.78
Represented By Funds
Unrestricted (General Funds) 6.1 £29,314.09 - - £29,314.09 £28,981.78
Designated Funds 6.3 - - £36,500.00 £36,500.00 £32,500.00
Restricted Funds 6.2 £10,000.00 £10,000.00
£29,314.09 £10,000.00 £36,500.00 £75,814.09 £61,481.78
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The above accounts were approved by the Trustees on 10th June 2024 and were signed on their behalf by:
Dr Huw Edward Williams
______ Chairman
Claire North
_____ Treasurer
PAGE 2
124th Nottingham Scout Group is registered as a charity in England Wales with Registration Number : 522458
Group Accounts 2023/2024
NOTES TO THE ANNUAL ACCOUNTS
1 Accounting Policies
These financial statements have been prepared under the historical cost convention in accordance with applicable accounting standards and the Statement (i) of Recommended Practice "Accounting by Charities".
- (ii) Income from Gift Aid is accountable when the relevant claim is submitted to HMRC.
(iii)
Provision for Depreciation of Fixed Assets held for use by the Group is made at annual rates calculated to spread the cost of each asset evenly over its expected useful life.
The depreciation rates in use were at the following rates on cost:
Motor Vehicles 25% Equipment 25%
All Fixed assets are now written down to Nil net book value.
- (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 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 ( See Note 1.3) TOTAL COST |
2024 2023 £ 165.00 £ 165.00 849.83 £ £ 1,131.95 2,982.44 £ £ 2,132.90 £3,997.27 £3,429.85 - - £3,997.27 £3,429.85 |
|---|---|
PAGE 3
124th Nottingham Scout Group is registered as a charity in England Wales with Registration Number : 522458
Group Accounts 2023/2024
3 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) |
2024 2023 £374.49 £260.53 £1,567.64 £2,412.38 (£406.03) (£374.49) £1,536.10 £2,298.42 |
|---|---|
4 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 District Camp Expenditure Cub Camp Expenditure Interest receivable TOTAL |
2024 2023 £7,833.20 £7,627.50 £4,632.75 £1,693.75 £1,078.30 £94.79 £25.92 £13,639.04 £9,347.17 |
|---|---|
5 Accruals & Provisions
The following accruals & provisions were noted in the account relating to:
| Gas & Electricity Duplicated government grant repayable District camp income TOTAL |
2024 2023 £106.69 £1,739.84 £1,334.00 £1,334.00 £2,915.00 £4,355.69 £3,073.84 |
|---|---|
PAGE 4
124th Nottingham Scout Group is registered as a charity in England Wales with Registration Number : 522458
Group Accounts 2023/2024
6 Funds
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6.1 The General Fund is unrestricted , and can be spent on the general activities of the Group
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6.2 Restricted Funds can only be used for a specific pupose
Designated funds are those unrestricted funds which have been set aside by the Trustees to cover essential expenditure, or for a future 6.3 purpose.
The analysis of Funds are as follows :
| Opening Balance as at 1 April 2022 Transfers in the year Balance c/fwd at 31 March 2023 |
Vehicle Replacement Fund Building Fund New Lease Fund £17,500.00 £5,000.00 £10,000.00 £4,000.00 - £21,500.00 £5,000.00 £10,000.00 Designated Funds |
Restricted Fund John Spence fund for International Travel Total £32,500.00 £10,000.00 £14,000.00 £10,000.00 £46,500.00 |
|---|---|---|
Designated Funds
The Vehicle replacement Fund is to cover the costs of requirements to replace the aging mini bus in the future. Further funds of £4,000 have been put aside this year for the future expected cost.
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 from Nottingham City Council as to the amount the Group may incur . The Trustees consider it prudent to commence to put funds aside for this purpose, and to cover the associated legal costs.
Restricted Fund
The John Spence Fund for international travel is a donation to the group from John's family and will be used to support international scouting travel opportunities for those young people, needing financial support in order to undertake the experiences this travel brings.
PAGE 5
124th Nottingham Scout Group is registered as a charity in England Wales with Registration Number : 522458