| Page | ||
|---|---|---|
| Trustees' Report |
1-30 | |
| Independent Auditor's |
Report | 31-33 |
| Statement of Financial | Activities | 34 |
| Balance Sheet | 35 | |
| Statement ofCash Flows |
36 | |
| Notes to the Financial | Statements | 37-SO |
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| Total | Total | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restdicted | funds | funds | ||||
| Note | funds | funds | 2023 | 2022 | |||
| E | E | E | f | ||||
| Income and endowments | from: | ||||||
| Donations and legacies |
278 | 278 | 43 | ||||
| Charitable activities |
657,264 | 882 | 658,146 | 411,232 | |||
| Investments | 13,537 | 13,537 | 9,816 | ||||
| Other income | 623 | 623 | 1,064 | ||||
| Total income and endowments | 671,702 | 882 | 672,584 | 422,155 | |||
| Expenditure on: |
|||||||
| Raising funds | 16,576 | 16,576 | 18,617 | ||||
| Charitable activities |
598p223 | 882 | 599,105 | 572,832 | |||
| Total expenditure | 614,799 | 882 | 615,681 | 591,449 | |||
| Net gains/(losses) on investments |
16 | (20,760) | (20,760) | 23,331 | |||
| Net income/(expenditure) | 7 | 36,143 | 36,143 | (145,963) | |||
| Reconciliation ofFunds | |||||||
| Total funds brought | forward | 16,17 | 866,642 | 866,642 | 1,012,605 | ||
| Totalfunds carried | forward | 18,19 | 902,785 | 902,785 | 866,642 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Note | E | ||||||
| Fixed assets: | |||||||
| Tangible assets | 10 | 121,629 | 130,133 | ||||
| Investments | 11 | 365,990 | 387,733 | ||||
| 487,619 | 517,866 | ||||||
| Current assets: | |||||||
| Stocks | 12 | 10,530 | 17,581 | ||||
| Debtors | 13 | 867,022 | 491,496 | ||||
| Cash at bank | and in | hand | 514,984 | 571,561 | |||
| 1,392,536 | 1,080,638 | ||||||
| Liabilities: | |||||||
| Creditors: Amounts | falling due within one | ||||||
| year | 14 | (977,370) | (731,862) | ||||
| Net current assets | 415,166 | 348,776 | |||||
| Net assets | 902,785 | 866,642 | |||||
| The funds of | the chadty: | ||||||
| Unrestricted | income | funds | |||||
| Designated | funds | 16 | 135,365 | 153,768 | |||
| General funds | 16 | 767,420 | 712,874 | ||||
| 902,785 | 866,642 | ||||||
| Total charity | funds | 902,785 | 866,642 |
| Note | 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|---|
| f | 6 | |||||||
| Net cash provided by/(used |
in) operating | activities | 20 | (62,423) | (8,524) | |||
| Cash flows from investing | acHvitiesr | |||||||
| Dividends, interest and rents from investments |
13,537 | 9,816 | ||||||
| Purchase of property plant |
and equipment | (8,674) | (49,077) | |||||
| Proceeds from sale ofinvestments | 332,239 | 33,951 | ||||||
| Purchase of investments | (331,256) | (27,652) | ||||||
| Net cash provided by/(used |
in) investing | activities | 5,846 | (32,962) | ||||
| Change in cash and cash equivalents in the |
reporting | period | (56,577) | (41,486) | ||||
| Cash and cash equivalents | at the beginning | ofthe reporting | ||||||
| period | 571,561 | 613,047 | ||||||
| Cash and cash equivalents | at the end of | the | reporting | period | 20 | 514,984 | 571,561 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Adult Support &Training | 5% | 5% | ||
| Development ofScouting |
22% | 22% | ||
| Youth Programme | &Activities | 24% | 24% | |
| Support &Services | to Scouting | in Wales | 22% | 22% |
| Mountain Training |
& Residential | Centres | 1% | 1% |
| 2023 | 2022 | ||
|---|---|---|---|
| Adult Support &Training |
20% | 20% | |
| Development ofScouting |
15% | 15% | |
| Youth Programme &Activities |
5% | 5% | |
| Support &Services to Scouting | in Wales | 60% | 60% |
| Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | funds | funds | |||||
| funds | funds | 2023 | 2022 | |||||
| f | f | f | f | |||||
| Area Census | fees | 426,241 | 426,241 | 335,031 | ||||
| Activity Teams & Mountain | ||||||||
| Training/Residential | Centres | 77,466 | 77,466 | 42,777 | ||||
| Welsh Government | Strategic | |||||||
| Voluntary | Youth Work | |||||||
| Qrganisations | Grant | 62,084 | 62,084 | |||||
| Other Grants | 5,500 | 882 | 6,382 | 12,534 | ||||
| Merchandise | (scarves/badges | etc.) | 15,131 | 15,131 | 16,142 | |||
| Youth Programme | &Activities | 70,842 | 70,842 | 4,748 | ||||
| 657,264 | 882 | 658,146 | 411,232 |
| Total | Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | funds | funds | |||||||
| funds | funds | 2023 | 2022 | |||||||
| E | f | |||||||||
| Income from listed | investments | 12,165 | 12,165 | 9,705 | ||||||
| Interest receivable | 1,372 | 1,372 | 111 | |||||||
| 13,537 | 13,537 | 9,816 | ||||||||
| . | EXPENDITURE ON RAISING FUNDS | |||||||||
| Direct | Support | Other | ||||||||
| staff | staff | support | Depre- | 2023 | 2022 | |||||
| costs f |
costsf | costs | Other f |
ciation f |
Total f |
Total f |
||||
| Fundraising costs |
10,758 | 3,097 | 13,855 | 15,769 | ||||||
| Investment management |
2,721 | 2,721 | 2,848 | |||||||
| 10,758 | 3,097 | 2,721 | 16,576 | 18,617 | ||||||
| . | EXPENDITURE ON CHARITABLE ACTIVITIES | |||||||||
| Direct | Support | Other | Other | |||||||
| staff | staff | support | Direct | Depre- | 2023 | 2022 | ||||
| costsf | costs f |
costs f |
Costs f |
ciation f |
Total f |
Total f |
||||
| Adult support | and | |||||||||
| training | 23,395 | 8,965 | 2,581 | 8,453 | 43,394 | 46,591 | ||||
| Development | ofScouting | 17,546 | 39,447 | 11,355 | 28,702 | 97,050 | 125,504 | |||
| Youth Programme | and | |||||||||
| Activities | 5,849 | 43,034 | 12,387 | 77,315 | 138,585 | 78,634 | ||||
| Support and | services to | |||||||||
| Scouting in |
Wales | 70,184 | 39,447 | 11,355 | 24,801 | 145,787 | 162,346 | |||
| Activity Teams & | ||||||||||
| Mountain Training/ |
||||||||||
| Residential | Centres | 1,793 | 516 | 94,694 | 17,178 | 114,181 | 99,356 | |||
| Governance | costs | 35,861 | 10,322 | 13,925 | 60,108 | 60,401 | ||||
| 116,974 | 168,547 | 48,516 | 247,890 | 17,178 | 599,105 | 572,832 |
| 5ubfund | Total awarded | Number ofInstitutions | |
|---|---|---|---|
| E | supported | ||
| New section fund | 6,200 | 31 | |
| Inclusive Scouting fund | |||
| Capital &Equipment | Fund | 9,400 | |
| Adult Support fund | 920 | ||
| Small Grants fund | |||
| 16,520 |
| This is stat | ed after charging: | ||
|---|---|---|---|
| 2023 | 2022 | ||
| E | E | ||
| Depreciation oftangible fixed assets |
17,178 | 15,144 | |
| Auditors' | remuneration | 4,830 | 4,440 |
| Operating | lease costs | 19,199 | 18,859 |
| taff costs were as follows: | ||
|---|---|---|
| 2023 | 2022 | |
| E | E | |
| Wages and salaries | 257,484 | 295,783 |
| Social security costs | 19,838 | 22,794 |
| Pension costs | 16,206 | 17,894 |
| 293,528 | 336,471 |
| 2023 | 2022 |
|---|---|
| No | No |
| Management and administration |
|---|
| Scouting Support Officers |
| Fixtures, | Structural | |||
|---|---|---|---|---|
| Land and | fittings and | improve- | ||
| buildings | equipment | ments | Total | |
| E | 6 | E | E | |
| Cost | ||||
| At 1April 2022 | 92,626 | 68,128 | 273,198 | 433,952 |
| Additions | 8,674 | 8p674 | ||
| Transfers | ||||
| At 31March 2023 | 92,626 | 76,802 | 273,198 | 442,626 |
| Depreciation | ||||
| At 1April 2022 | 41,218 | 64,975 | 197,626 | 303,819 |
| Charge for the year | 1,852 | 2,365 | 12,961 | 17,178 |
| At 31March 2023 | 43,070 | 67,340 | 210,587 | 320,997 |
| Net book value | ||||
| At 31March 2023 | 49,556 | 9,462 | 62,611 | 121,629 |
| At 31March 2022 | 51,408 | 3,153 | 75,572 | 130,133 |
| 11. | FIXEDASSET INVESTMENT | S | |||||
|---|---|---|---|---|---|---|---|
| Collective | |||||||
| investment | |||||||
| funds | |||||||
| f | |||||||
| Market value at 1April | 2022 | 387,733 | |||||
| Additions | 331,256 | ||||||
| Disposals | (332,239) | ||||||
| Unrealised gains/(losses) |
(revaluations) | (74,823) | |||||
| Realised gains | 54,063 | ||||||
| Market Value at 31March 2023 | 365,990 | ||||||
| Historic cost | |||||||
| At 31March 2023 | 367,333 | ||||||
| At 31March 2022 | 313,842 | ||||||
| Ofthe investments f19,497 (2022:6196,190)are held | in overseas equity collective investment | funds, | |||||
| which are all traded on the London Stock | Exchange. The investments | portfolio includes the | following | ||||
| categories ofinvestments | that individually | account for | more than SN | ofthe totalinvestments | atthe year- | ||
| end: | |||||||
| 2023 | 2022 | ||||||
| 6 | f | ||||||
| UK direct equities | 39,709 | ||||||
| UK invested unit trusts |
10,198 | 99,487 | |||||
| Other sterling fixed interest | 65,492 | 53,073 | |||||
| European equities |
28,967 | ||||||
| Asia Pacific equities | 19,497 | 30,077 | |||||
| Globallnvestments | 184,708 | ||||||
| Absolute Return Bond funds |
27,311 | ||||||
| USA equities | 124,294 | ||||||
| 12. | STOCKS | ||||||
| 2023 | 2022 | ||||||
| Finished goods and goods for resale | 10,530 | 17,581 |
| 2023 | 2022 | ||
|---|---|---|---|
| f | |||
| Trade debtors | 634,085 | 439,076 | |
| Prepayments | and accrued income | 232,937 | 52,420 |
| 867,022 | 491,496 |
| EDITORS | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| 6 | 6 | |||
| Due within one year: | ||||
| Trade creditors | 2,875 | 10,388 | ||
| Other creditors | 23,675 | 17,603 | ||
| Accruals and deferred | income | 950,820 | 703,871 | |
| 977,370 | 731,862 | |||
| 2023 | 2022 | |||
| 6 | ||||
| Deferred income | ||||
| Balance at 1"April 2022 | 680,906 | 78,789 | ||
| Released to income | (641,906) | (78,789) | ||
| Deferred income received | in the year | 898,683 | 680,906 | |
| Balance as at 31"March 2023 | 937,683 | 680,906 |
| Land and | buildings | buildings | Other | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | ||||||
| f | f | f | |||||||
| Expiry date: | |||||||||
| Within | one year | 17,903 | 17,903 | 1,296 | 956 | ||||
| Within | 2-5 years | 3,237 | 21,140 | 2,813 | 347 | ||||
| 21,140 | 39,043 | 4,109 | 1,303 | ||||||
| 16. | UNRESTRICTED FUNDS | ||||||||
| At 31 | |||||||||
| At 1April | Gains/ | March | |||||||
| 2022 | Income | Expenditure | Transfers | (losses) | 2023 | ||||
| f | f | f | f | f | f | ||||
| Designated | funds | ||||||||
| ScoutsCymru | |||||||||
| Grants Fund | 129,507 | (16,520) | (1,543) | 111,444 | |||||
| Activities fund |
24,261 | (340) | 23,921 | ||||||
| 153,768 | (16,520) | (1,883) | 135,365 | ||||||
| General funds | |||||||||
| ScoutsCymru | 524,149 | 594,236 | (486,407) | (2,760) | (20,760) | 608,458 | |||
| SWAT | 11,476 | 15,414 | (24,189) | 3,100 | 5,801 | ||||
| Cornel Scout | |||||||||
| Centre | 102,829 | 19,004 | (27,671) | 94,162 | |||||
| yr Hafod Training | |||||||||
| Centre | 73,287 | 40,914 | (55,143) | 59,058 | |||||
| BushScout Cymru | 1,133 | 2,134 | (4,869) | 1,543 | (59) | ||||
| 712,874 | 671,702 | (598,279) | 1,883 | (20,760) | 767,420 | ||||
| Total funds | 866,642 | 671,702 | (614,799) | (20,760) | 902,785 |
| ~Prior eor |
|||||||
|---|---|---|---|---|---|---|---|
| At 31 | |||||||
| At 1April | Gains/ | March | |||||
| 2021 | Income | Expenditure | Transfers | (losses) | 2022 | ||
| f | f | f | f | f | |||
| Designated | funds | ||||||
| ScoutsCymru | |||||||
| Grants Fund |
346,914 | (31,650) | (185,757) | 129,507 | |||
| Activities fund | 24,981 | (720) | 24,261 | ||||
| 371,895 | (31,650) | (186,477) | 153,768 | ||||
| General funds | |||||||
| ScoutsCymru | 398,035 | 366,842 | (450,536) | 186,477 | 23,331 | 524,149 | |
| SWAT | 2,200 | 20,143 | (10,867) | 11,476 | |||
| Cornel Scout | |||||||
| Centre | 127,113 | 6,606 | (30,890) | 102,829 | |||
| yr Hafod Training | |||||||
| Centre | 113,362 | 14,436 | (54,511) | 73,287 | |||
| Bush5cout Cymru |
1,594 | (461) | 1133 | ||||
| 640,710 | 409,621 | (547,265) | 186,477 | 23,331 | 712,874 | ||
| Total funds | 1,012,605 | 409,621 | (578,915) | 23,331 | 866,642 | ||
| RESTRICTED | FUNDS | ||||||
| At 31 | |||||||
| At 1April | Gains/ | March | |||||
| 2022 f |
Income | Expenditure f |
Transfersf | (losses) f |
2023 f |
||
| Restricted funds | |||||||
| Mission To Seafarers | 882 | (882) | |||||
| 882 | (8821 |
| At 31 | ||||||
|---|---|---|---|---|---|---|
| At 1April | Gains/ | March | ||||
| 2021 | Income | Expenditure | Transfers | (losses) | 2022 | |
| f | f | f | f | f | f | |
| Restricted funds | ||||||
| Mission To Seafarers | 4,970 | (4,970) | ||||
| Owp xickstarter | ||||||
| Grant | 7,564 | (7,564) | ||||
| 12,534 | (12,534) |
| At 31 | |||||||
|---|---|---|---|---|---|---|---|
| At 1April | Gains/ | March | |||||
| 2022 | Income | Expenditure | Transfer | (losses) | 2023 | ||
| f | f | f | f | F. | f | ||
| Designated | funds | 153,768 | (16,520) | (1,883) | 135,365 | ||
| General funds | 712,874 | 671,702 | (598,279) | 1,883 | (20,760) | 767,420 | |
| 866,642 | 671,702 | (614,799) | (20,760) | 902,785 | |||
| Restricted | funds | 882 | (882) | ||||
| 866,642 | 672,584 | (615,681) | (20,760) | 902,785 | |||
| ~Prior | eor | ||||||
| At 31 | |||||||
| At 1April | Gains/ | March | |||||
| 2021 | Income | Expenditure | Transfer | (losses) | 2022 | ||
| f | f | f | f | f | f | ||
| Designated | funds | 371,895 | (31,650) | (186,477) | 153,768 | ||
| General funds | 640,710 | 409,621 | (547,265) | 186,477 | 23331 | 712,874 | |
| 1,012,605 | 409,621 | (578,915) | 23,331 | 866,642 | |||
| Restricted | funds | 12,534 | (12,534) | ||||
| 1,012,605 | 422,155 | (591,449) | 23,331 | 866,642 |
| Total | Total | |||
|---|---|---|---|---|
| Unrestricted | Restricted | funds | funds | |
| funds | funds | 2023 | 2022 | |
| E | 6 | |||
| Tangible fixed assets | 121,629 | 121,629 | 130,133 | |
| Fixed asset investments | 365,990 | 365,990 | 387,733 | |
| Current assets | 1,392,536 | 1,392,536 | 1,080,638 | |
| Creditors due within one year | (977,370) | (977,370) | (731,862) | |
| 902,785 | 902,785 | 866,642 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| E | E | |||||
| Net income/(expenditure) for the reporting |
period (as per the | |||||
| Statement ofFinancial Activities) | 36,143 | (145,962) | ||||
| Adjustments for: |
||||||
| Depreciation charges |
17,178 | 15,144 | ||||
| (Gains)/losses on investments |
20,760 | (23,331) | ||||
| Dividends, interest and rents |
from investments | (13,537) | (9,816) | |||
| (Increase)/decrease | in stocks | 7,051 | 4,312 | |||
| (Increase)/decrease | in debtors | (375,526) | (485,203) | |||
| Increase/(decrease) | in creditors | 245,508 | 636,332 | |||
| Net cash provided by/(used |
in) operating | activities | (62,423) | (8,524) | ||
| Anal sis ofCash and |
Cash E | uivalents | ||||
| Cash at bank and in | hand | 514,984 | 571,561 | |||
| Total Cash and Cash | Equivalents | 514,984 | 571,561 |
| Total | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | funds | |||
| Note | funds | funds | 2022 | ||
| E | E | f | |||
| Income and endowments | from: | ||||
| Donations and legacies |
43 | 43 | |||
| Charitable activities |
398,698 | 12,534 | 411,232 | ||
| Investments | 9,816 | 9,816 | |||
| Other income | 1,064 | 1,064 | |||
| Total income and endowments | 409,621 | 12,534 | 422,155 | ||
| Expenditure on: |
|||||
| Raising funds | 18,617 | 18,617 | |||
| Charitable activities |
560,298 | 12,534 | 572,832 | ||
| Total expenditure | 578,915 | 12,534 | 591,449 | ||
| Net gains/(lasses) on investments |
16 | 23,331 | 23331 | ||
| Netincome/(expenditure) | 7 | (145,963) | (145,963) | ||
| Reconciliation ofFunds |
|||||
| Total funds brought forward | 16,17 | 1,012,605 | 1,012,605 | ||
| Totalfunds carried forward | 18,19 | 866,642 | 866,642 |