Registered charity number.. 522572
SCOUTSCYMRU
REPORT OF THE TRUSTEES AND
FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

SCOUTSCYMRU
CONTENTS
FOR THEYEAR ENDED 31 MARCH 2024
Page
Trustees, Report
1-39
Independent Auditorfs Report
40-42
Statement of Financial Activities
43
Balance Sheet
Statement of Cash Flows
45
Notes to the Financial Statements
46-59

scoITrscYMRU
REPORT OF THE TRUSTEES
FOR THEYEAR ENDED 31 MARCH 2024
The Trustees are pleased to present thelr annual report together with the financial statements of the charity for
the year ending 31 March 2024. The Trustees, report and financial statements shoukl be read In conjunction with
the Scoutscymru Annual Report 2023124 attached as Appendix B.
The financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charltles: Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (l January 2019).
OBJEcfivES. Acrivm4 ACHIEVEMEwfs AND FUTURE PLANS
Scoutscymru is a not for profit organisation which works to support the provision of the Scout Youth Programme
within Wales and improve the quality of its delivery. It facilitates discussions that relate specifically to issues that
face Scouting in Wales, including the rural nature of the country, its language. and the opportunities for adventure,
outdoor activities and training. In addition, it provides an interface for discussion with the Welsh Government and
other all-wales organisations representing the voluntary sector and in particular the youth seniices.
Our current Vision Is that by 2025 Scoutscvmru will have prepared more young people with skills for life,
supported by engaging Leaders. delivering an inspiring programme. We will be growin& more inclusive, shaped by
young people, and play a full part in cohesive communities and the vibrant culture of Wales.
Scouting exists to actlvely engage and sUPPOrt young people in their personal development, empowerlng them to
make a positive contrlbutlon to soclety.
As Scouts we are guided by these values:
Integrity - We act with integrlty; we are honest, trustworthy and loyal.
Respect - We have self-respect and respect for others.
Care- We support others and take care of the world in which we live.
Belief - We explore our faiths, beliefs and attltudes.
Co-operation - We make a positive dlfference; we cooperate with others and make friends.
Our current strategic objectives and outcomes are as follows. As a movement alm to:
Grow
KPI: Ensure that 90% of exlsting Scoutscymru Groups are complete wlth each Section containing
more than 12 young people
KPI: Increase young people in Scoutscymru by 2.5% per annum over 2018 baseline
Become MO￿ inclusive
KPI: 90% of members undertake the inclusivity self-assessment at the relevant level and prioritise
actions to move to -green"
Become more "youth shaped"
KPI: 80% of young people shape their Scouting by attending the relevant Section Groupi District
or Area Forum
Achieve the above while making a positive impact in our communities
KPI: Ensure a minimum of 60% of Scout Group5 have built Community Impact into their termly
programme
To achleve our current strategic objective5, the delivery of all annual plans across Scoutscymru focus on the
followlng three pillars, thereby contributing to the seven goals of the Well-being of Future Generatlons (Wales) Act
2015, In partnershlp wlth each local authorlty Public Service Board:
Programme- A fun, enjoyable, high quallty programme consistentty dellvered and aided by slmple (digitsl)
tools

SCOUTSCYMRU
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
People- More, well trained, better supported and motlvated adult volunteers from dlfferent backgrounds
Perception - Scouting is clearly understood, more vislble, trusted, respected and wldely seen as playing a
key role In todaVs society.
When anatyslng Scoutscymru's expenditure on charitable activities, the Trustees came to an understandlng that It
would be misleading to try to analyse the expendlture expended on charitable actlvltles under the four strategic
objectives as described above. Many of the actlons and artivities that deliver the strategic objectfves are led and
delivered by volunteers and therefore incur proportionately less financial expenditure than those activities
dellvered by Scoutscymru's salaried staff. To analyse the expenditure on charitable activities under the four
strategic objectives would therefore materially distort the presentation of the Importance of some of those
objectives. Instead, theTrustees considerthatthefollowingfive headings used to analyse expendlture on charitable
activities provide a more meanlngful and approprlate explanation of Scoutscymru's spending priorities.
Adult SUP￿ and Tralnlng
Programmes and activities to support aduft volunteers.
Development of Scoutlng
Actlvltles to grow the Scout Movement in Wales, including raising the profile of Scouting at Welsh Government,
corporate and communlty levels. Development of Scouting expenditure also includes grants pald from the
Scoutscymru Grant Fund.
The Scoutscymru Grants Fund Is deslgned to help support and de4elop Scouting in Wales. The fund is overseen by
the Flnances and Resources committee who meet three times a year to conslder appllcatlons. The Grant Fund
considers appllcations which meet the criteria forthe following sub-funds:
New Sectlon Fund-to support new Squirrel, Beaver, Cub. Scout. Explorer or Scout Network sectlons
opening within Wales.
Inclusive Scouting Fund- to support projects that alm to improve diversity within Scouting in Wales.
Capital & Equipment Fund - aims to support Groups, Districts or Areas within Wales with significant
capital or equipment purchases.
Adult Support Fund- aims to fund projects helping with the recruitment, induction, tralnlng and
retentlon of adult volunteers.
Small Grants Fund- designed to provide young people wlth the experience of completing a grant
application and presenting their proposal.
Youth Programme and Actlvltles
The provlslon of tralnlng, actlvltles and awards at a national level that could not easlly be dellvered at a local level.
Support and Serylces to Scoutlng In Wales
Actlvities to provide management supportto Areas and Distrlcts,forums forthe exchange of Ideas and best practlce
for the dellvery of the Scout Programme within Wales, and a central source of selected tralnlng materials, Welsh
translatlons and insignia.
A big change to Scoutlng took Pla￿ In 2022123 wlth the full launch of a new sertlon, "Squirrels. for those aged 4
to 6 {following smaller scale trials the previous year). Although not dlrectly responsible for operating any Squirrel
Dreys, Scoutscymru continued to 5UPPOrt Areas, Districts and Groups in promotlng and settlng up Squirrels Dreys
across Wales.
Scoutscymru is also worklng With The Scout Association on the UK led Transformation project which aims to
transform volunteering at Scouts to make it easier, more enjoyable and rewarding. This is a major change
programme which will impact all levels of the Scout Movement. The majority of changes are being introduced in
2024125 followlng a slight delay wlth tirnescales.

scoiJrscYMRU
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Scoutscymru Activlty Teams & Mountain TralnlnglResidential Centres
Scoutscymru provides facilltles run by Scouters for the Scout Movement. to enable Scouts to enjoy the challenges
of the mountains of Wales with the security of competent leadership and the provision of relevant accommodation.
Additionalty. there is provision of water and Bushscout activities at a national level that all rnembers of Scouting in
Wales can participate in.
Full details of the specific objective5, activities, achievements and future plans within these c05t headings are set
out in Appendix A, as well as further infoTmation on achievements found in the Scoutscymru Annual Report
2023/24 attached as Appendix B.
Governance and leadership:
The Board has carried out its business in accordance with the governance and management of a registered charity.
It has dealt with the financial and audited accounts, the management of policies for marketin& fundrdisin&
managing its properties and ensuring sound employment practices.
The Board has approved annual business plans and supported the Chief Volunteer Wales (previously known as the
Chief Commissloner) in meetlng the responsibilities of their role.
Future Plans
The Ski115 for Life Strate￿ set out by The Scout Association, which defined the strategic objectlves and KPIS ends in
De￿mber 2025. In preparation for the development of the new strategy, Scoutscymru has commenced
programme of work to consult with key stakeholders across Wales to Inform the development of a national strategy
by exploring the unique aspects of being a part of the Scout Movement in Wales. This work commenced in 2023
with planned activities to consultfurtherthroughout 2024 In the run up to Summit25 a UKwlde event which brSn8s
together organlsational leaders to discuss the future of Scoutlng.
Strengthenlng Scoutscymru govemance and management Is key theme for the year ahead with the new Chair of
the Scoutscymru Board of Trustees commencing a governance review to ensure the strategic overslght and
management of the organisation meets the future needs and asplratlons of Scouting in Wales. This review is aimed
to be completed by the end of the 2024125 financlal year.
FINANCIAL REVIEW
The Financial Review should be read in conjunction with the financial statements on pages 43 to 59. The accounts
bring together the activities of Scoirtscymru. the Scoutscymnl Water Activitie5 Team {"SWAf), Yr Hafod Scout
Centre (which includes the Hafod Training Team). Cornel Scout Centre and Bushscout Cymru.
SWAT, Bushscout Cymru, Hafod Training Centre and Cornel Scout Centre aim to be self-funding through fees for
activities. training courses and accommodation. 5coutsCymTu's core activities are funded through membership
subscriptions and investment income.
Income and expenditure a￿ surnmarised in the Statement of Financial Artivities on page 43 of the accounts and
analysed in detail in the notes to the financial statements. The alloGition of support costs is reviewed annually.
In the financlal year there was an unrestricted Surplus of £12,772 (2023: surplus of £56,903) before gains/l105ses)
on investments in unrestrlcted funds. This surplus is after the receipt of voluntary and Investment income, funding
and governance costs and the net cost of charitable activitie5. Central activities resulted In an operating surplus of
£15,417 (2023: surplus of £107,829). The SWAT and Bushscout teams, mountain trainlng and residential ￿ntreS
generated a surplus of £1,321 (2023: deficlt of £34,406).
As shown In Note 3, gross income has Increased significantly since last year wlth the main increases belng in Area
Census fees and Youth Programme & Actlvltles. Area Census fees Increased as we had 13,726 members from our

SCOUTSCYMRU
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
January 2023 census compared with 12,491 In January 2022. In 2023124 Scoutscymru was entitled to keep 57%
(2023: 57%) of the UK census fee5 it collected and contlnued to charge its own census fee set at £15 per person
(2023: £15).
Youth Programme & Artivities increased as we released to Income durlng the year all the participant fees received
from those attending the World Scout Jamboree 2023 in South Korea.
In 2022123 Scoutscymru was successful In being awarded a two year Welsh Government Strateglc Voluntaryyouth
Workorganisations Grant, and during 2023/24 was successful in applying fora one year extenslon tothegrant wlth
this funding now continuing until March 2025.
The Actlvlty Teams, mountain training and residential centres income also Increased as they continued to return to
normal operational levels following the Covid-19 pandemic and Increase the number of activities and events on
offer.
As detailed In Note 6, gross expendlture has also increased compared to 2022123. The maln factors contributing to
this increase in expenditure compared to the previous year include:
The World Scout Jamboree 2023 took place In South Korea and so all payments for the participants to
attend were expensed during the year leading to the slsnificant increase in Youth Programme & Activities.
Volunteer and trustee travel, Subsisten￿ and meeting costs increased mainly due to the expenses related
to runnSng the Wales Transformation weekend conference In January 2024.
Support staff costs Increased from 5.2 full tlme equivalent (ftel to 7.8 fte. following the staff restructu￿,
appointment of the new Director role and Increase In headcount versus 2022123. This also led to an
assoclated increase in Other Support Costs relating to recrultment costs and staff travel and subsistence.
Scoutlng Support staff recruitment took place during the year, from 2.6 fte to 3.6 fte, leading to an
associated increase In Other Direct Costs relating to recruitment costs and staff travel and subslstence.
The Trustees consider the results for the year to be satisfactory and expected to make a small surplus forthe year
before gainslllossesl on investments. Savings versus budget on staff costs due to delays recruiting all vacant
positions were offset against increased recruitment costs and funding the Wales Transformation weekend
conference.
Investments
Scoutscymru's investments and risk profile are reviewed on an annual basis. The investment portfolio is managed
by RBC Brewin Dolphin. Details of the portfollo are shown in Note 11. The investment portfolio had a net gain of
£28,423 and closlng market value of £401k during 2023124 as our portfolio recovered in line wtth the wider
Investment market. Thls compared to an opening market value of £366k and a net105s of £20,760 during 2022/23.
Recognlslng Investments are held wlth a vlew for longer-temi perforrnan￿, the Trustees are currently satisfied
with the performance of the portfollo. At June 2024 the market value of the portfollo stood at £399k.
Reserves Policy
The level of reserves is reviewed annually by the Trustees. The Trustees are of the opinion that Scoutscymru needs
to malntain an adequate level of reserves to maintain the continulty of servlces assoclated wlth the provision and
development of Scouting in Wales. Durlng 2021122 the Trustees, following the example set by The Scout
Association, increased the level of general reserves they conslder it appropriate to maintain from 6 months up to
12 months current revenue expenditure. Significant capital and revenue projects will be funded by setting aslde
appropriate amounts into designated funds.
The reseNes are stated in note 18 of the financial statements as detailed on page 57. At the balance sheet date the
free rese￿e5 (being the general funds of Scoutscymru, less Tangible Fixed Assets) stood at £713,613 {2023:
£645,791). Total expenditure for 2023/24. excluding the "Other Direct Costs" expenditure caption for Youth
Programme and Activities (which are always run on a paid attendance basis and so can be excluded} was £668,828.

SCOUTSCYMRU
REPORT OF THE TRusfEES
FOR THE YEAR ENDED 31 MARCH 2024
Free reserves therefore stood at Just under 13 months of revenue expenditure, slightly above the Trustees, target,
but meaning Scoutscymru is in a relatively stable flnanclal position.
It 15 essential that Scoutscymru acts prudently to ensure that it can continue to support and develop Scoutlng in
Wales for the foreseeable future to ensure its activities are sustainable. When setting a budget for a "norrnar
financial year the Trustees are of the view that at an operational level Scoutscymru should break-even, and only
expenditure on approved short-term projects will be allowed to create a deficit for a year. The 2024/25 budget has
an operational surplus of £IOk for the year.
Assets
Fixed assets comprise freehold property used as accommodation and training centres, fixtures, fittings and
equipment, structural improvement5 and investments. CUr￿nt assets comprise stock, debtors and cash at bank
and in hand.
Availability of Funds
The assets in the form of cash and stocks and shares are sufficient to fulfil obligations.
AUDITORS
At the Annual General Meetin& Azets Audit Servi￿$ were reappointed as external auditors,
VOLUNTEERING
Scoutscymru achieves its objectlves through the work of 4,735 (2023: 4,7801 adult volunteers working in some 278
(2023." 2841 communities to support the development of 14,06112023: 13,7261 young people of Wales through the
Scout programme (based on our most recent January 2024 census data}. Adult volunteers work directly with the
youth membershlp as leaders and are supported by volunteer managers. trustees and other supporters.
All Trustees of Scoutscymru are volunteers, including the Chief Volunteer {previously known as Chief
Commissloner), Youth Lead Volunteer Ifom)erly known as Youth Commissioner) the Chair and the Treasurer. The
Scout programme in Wales and the associated All Wales events are led by volunteers who have many years of
experience and specialist trainlng. Volunteers with such experience and training enable Scoulscyrnru to offer a
wide range of water and land activlty training events for both adults and young people.
To support its adult volunteers Scoutscymru along with The Scout Association provides comprehensive induction,
leadership and management trainin& delivered by teams of skilled volunteertrainers. Scoutscyrnru endeavours to
increase the number of volunteers available so that it can fulfil the demands of young people for the adventure
that Scouting offers.
Scoutscymru is indebted to all volunteers in Scouting who give so generously of their time and skills: without their
dedication the adventure of Scouting would not happen.
STRUCtURE, GOVERNANCE AND MANAGEMENT
Scoutscymru was formed in 1925 in recognitlon of the need for the Scout Movement to identify with the Welsh
nation. Scoutscymru is an autonomous, not-for-profrt organisation registered as a charity on 24 February 1964
(charity number 522572). Scoutlng in Wales is represented within the UK Scout Association through the Chief
Volunteer for Wale5. a senior volunteer appointment. The charity Is governed by the Scout A55oclatlon's Royal
Charter orlglnally dated 4 January 1912 with the latest amendment beSng dated 19 July 1991 and operates under
Sts own constitutlon within the Policy, Organlsation and Rules of The Scout Association.
The report and accounts cover the activities dlrectly controlled by Scoutscymru. The activities of Scout Areas,
Distrlcts and Groups in Wales are not reflected in the report and accounts. These bodies and Scoiitscymru are

SCOUTSCYMRU
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
autonomous charities affillated to The Scout Association that togetherfonn the Scout Movement in Wales.
The managing Trustees of the charity as detailed in the constitution are the Chair of the Board of Trustees of
Scoutscymru, the Treasurer to Scoutscymru, the Secretary {unless the Secretary is employed by Scoutscymru), the
Chief Volunteer for Wales, the Wales Youth Lead Volunteer {previously known as Youth Commissioner), upto four
members of the Scout movement in Wales elected at ScoutsCymru'5 Annual General Meeting {"AGM"), up to four
members of the Scout movement in Wales aged between 18 and 24 years elerted at Scout5Cymru's AGM, up to
four Nominated/Appointed Trustees, along with any Co-opted Trustees. The number of Nominated/Appointed and
Co-opted Trustees together cannot exceed the number of Elected Trustees. The names of the Trustees who served
during the year are shown on page 8.
Induction and training of Trustees includes the provision of relevant Charity Commission publications and relevant
training throughout the year. All Trustee roles are voluntary and unpaid.
The Board of Trustees meets at least three times a year. The day to day running of the charity is delegated by the
Trustees to Committees and to the Director. The Committees in operation during 2023124 were:
Finance and Resources
Nomlnatlons and Governance
Strategy and Dellvery
Rlsk
Cornel Scout Centre
Yr Hafod Scout Centre
Appolntments Advlsory
Equality Diversity and Incluslon
Task and Finish groups are also set up as and when required. The Chairs and members of all commfttees are
appointed by the Board of Trustees. The Committees may co￿pt additional member5 subjert to approval of the
board. The Chief Volunteer for Wales and the Chair of the Board of Trustees are ex-officio members of all
committees. Each commtiee reports to the Board of Trustees and makes recommendations, unless it has received
authorisatlon to act executively. Each committee meets at least three times a year apart for the Appointments
Advisory committee that meets when required.
During 2023124 the key employed management personnel of the charity was the Director, a new role created in
the year. This role acts as the Chief Executive of Scoutscymru.
Principal Risks and Uncertainties
The Trustee5 regularly assess the major risks to which the charity is exposed, in particular those related to the
operations and finances of the charity and are satisfied that systems are in place to manage exposure to the major
risks.
The Board of Trustees has identified, through the completion of risk re8iSters, the major risks to which they
believe the charity is exposed, these have been reviewed and systems have been established to mitigate against
them. The main a￿aS of concern that have been identified are:
Damage to buildings, property and equipment- Scoutscymru has sufficient buildings and contents
insurance in place to mitl8ate against permanent loss
Injury to leaders, helpers, supporters, members, and staff - Scoutscymru through the membership fees
contributes to TSA'S national accident insurance pollcy. RlskAssessments are undertaken before all
actfvitles. Scoutscymru also has adequate Employer's Liability Insurance
Reduced income from fundralslng and grants - Scoutscymru is primarily rellant upon Income from
membership fees and fundraisin8. Scoutscymru currently hold sufficient reserves to ensure the contlnulty

SCOUTSCYMRU
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
of activities should there be a major reduction In Income. The trustees and staff of Scoutscymru continue
to work and identify and secure other sources of income
IT failure - Scoutscymru h35 a service contract for IT support, and performs regular data back-up5

SCOUTSCYMRU
REpoKf OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINsfRATIVE DETAIL5
Charity Registered Number
522572
Address
Castle House, Southern Street, Caerphilly, CF83 ILH.
Trustees
Christopher Curtls (Chair)
Kirsty Palmer (Chairl
Dom Winfield (Treasurer)
Rhian Moore (Chief Volunteerfor Wales)
Christopher Lee {Vice Chairl
Edward Watts MBE DL (Vice Chair)
Callum Jones (Youth Lead Volunteer Wales)
Mark Brett
Dylan Murray
Frances Feehan
Nlgel Steward
Stuart Turton
Sam Wllllams
Alaa Khundakjl
Gareth Davies
Georgia Murray
Ito 21 Ortober 20231
{from l February 2024)
(to 17 March 20241
(to 21 October 20231
{to 21 October 20231
(to 21 October 2023)
(to 31 December 20231
(from 21 October 2023)
Aspects of day-to-day management are delegated by the Board to Commlttees and Kerrie Gemmill, Director of
Scoutscymru.
Auditors
Azets Audit SeNices, Ty Der¥V, Llme Tree Court, Cardiff Gate Business Park. Cardiff, CF23 8AB.
Bankers
Lloyds Bank, Bridgend Branch, 18 Wyndham Street, Brldgend, Mid Glamorgan, CF61 IX2.
Lloyds Bank, Mostyn Street, Llandudno Branch, 22 Mostyn Street, Llandudno, Conwy, LL30 2RU.
Lloyds Bank, 6 Market Place, Oldham, OLI IJG
National Westminster Bank, 72 Hlgh Street, Porthmado& Gwynedd, LL49 9NR.
Investmeirt Manager
RBC Brewln Dolphin, 2nd Floor, S Callaghan Square, Cardiff, CFIO 5BT

SCOUTSCYMRU
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
TRusfEES' RESPONSIBIUTIES
The Trustees are responslble for preparing the Trustees, Report and the flnanclal statements in accordance wlth
appllcable law and United Kingdom Accounting Standards including Financlal Reportlngstandard 102: The Financlal
Reportlng Standard applicable In the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practlce).
The law applicable to charities in England & Wale5 requires the Trustees to prepare financial statements for each
financial year which give a true and fairview of the state of affairs of the charity and of the income and expenditure
of the charity for that period. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then applythem consistently
observe the methods and prlnclples in the Charities SORP
make judgments and accounting estimates that are reasonable and prudent
state whether applicable accountlng standards have been followed, subject to any materlal departures
disclosed and explained in the flnanclal statements
prepare the financial statements on the going concern basis unless it is inapproprlate to presume thatthe
charlty wlll contlnue in business
The Trustees are responslble for maintaining proper accounting records which disclose with reasonable accurary
at any time the financial position of the charity and enable them to ensure that the financial statement5 comply
with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust
deed/constitution. They are a150 responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
TheTrustees are responsible forthe maintenance and integrity of the charity and financial informatlon Included on
the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial
statements may differfrom legislation in other jurisdictions.
This report was approved by the Trustees on 22 October 2024 and signed on its behalf, bv:
Kirsty Palmer
Chair. Board of Trustees
Dom Winfield
Treasurer, Board of Trustees

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INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF
SCOUTSCYMRU
Opinion
We have audited the financial statements of Scoutscymru (the 'charitV) forthe year ended 31 March 2024 whlch
comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the
financial statements, including a summary of significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
{United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements
give a true and fair view of the state of the charitsble company's affairs as at 31 March 2024 and of its
incoming resource5 and application of resour￿5, forthe year then ended,.
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance wlth the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Audwting IUKI {ISAs {UKI) and applicable
law. Our responsibllltles under those standards are furtherdesuitEd in the Auditor's responslbilities forthe audit
of the financial statements section of our report. We are independent of the charity in accordan￿ with the
ethical requlrements that are relevant to ouraudlt of the flnanclal statements in the UK, Including the FRCS
Ethical Standard, and we have fulfllled our other ethlcal responslbllltles In accordance wlth these requlrements.
We believe that the audit evidence we have obtained is sufficient and approprlate to provlde a basis forour
opinion.
Conduslor6 relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is approprlate.
Based on the work we have performed, we have not identified any material uncertaintles relating to events or
conditions that, individually or collectlvely, may cast slgnificant doubt on the charl￿S ability to continue as a
going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responslbllltles and the responsibllitles of the trustees with respect to going concern are described in the
relevant sections of this report.
Other information
The other information comprises the infomiation included in the annual report otherthan the financial
statements and our auditor's report thereon. The trustees are responsible for the other information contained
within the annual report. Our opinion on the financial statements does not coverthe other information and we
do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and,
in doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the course of the audit, orotherwise appears to be materially misstated. If we identify
such material inwnsistencies or apparent material misstatements, we are required to determlne whetherthls
gives rise to a material misstatement in the financial statements themselves. If, based on the work
we have performed, we conclude that there is a material misstatement of this other information, we are required
to report that fact.
We have nothing to report in this regard.
Matters on whlch we are required to report by exception
We have nothing to report in respect of the followlng matters In relation to which the Charities (Accounts and
Page 40

INDEPENDENT AUDITOWS REPORTTO T4ETRUSTEES OF
5coITfscYMRU
Reports) Regulatlons 2008 requlre us to report to you rf, in our oplnlon:
the informatlon glven In the flnancial statements is inconslstent In any material respect with the trustees,
report: or
sufficient accountlng records have not been kept; or
the financial statements are not In agreement wfth the accounting records; or
we have not received all the informatlon and explanatlons we require for our audit.
Responsibilities of trustees
As explained more fully in the ststement of trustees, responslbllltles, the trustees, who are also the directors of
the charty for the purpose of company law, are responsible for the preparation of the financial statements and
for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is
necessary to enable the preparation of financial statements that are free from material misstatement, whether
due to fraud or error. In preparing the financial staternents, the trustees are responsible for assessing the
charitvs ability to continue as a going concern, disclosing, as applicable. matters related to going concern and
using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company
or to cease operations, or have no realistic alternative but to do so.
Auditor's responslbilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the
Att and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assuran￿ about whetherthe financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our
opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted Sn
accordance wlth ISAS (UK} will alway5 detect a material misstatement when It exists. Misstatements can arise
from fraud or error and are consldered material if, individually or in the aggregate, they could reasonabty be
expected to influence the economlc decisions of users taken on the basis of these flnancial statements.
A further description of our responsibilities Is avallable on the Financial Reporting Council's website at:
https://www.frc.org.uVaudltorsresponsibilities. This description forms part of our auditorfs reFX)rt.
Extent to whlch the audlt was consldered capable of deterting irregularftles, Includ1￿ fraud
Irregularities, including fraud, are instances of non-compllance with laws and regulations. We deslgn procedures
in line with our responsibilities. outlined above and on the Financial Reporting Council's website, to detect
material misstatements in respect of irregularities, including fraud.
We obtsin and update our understanding of the entity. its attivities, its control environment, and likety future
developments, including in ￿latiOn to the legal and regulatory frdmework applicable and how the entity is
complying with that framework. Based on this understandin& we identify and asse5S the risks of material
misstatement of the financial statements, whether due to fraud or error, design and perfonn audit procedures
responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our
opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable la￿￿ and
regulations. including frdud.
In response to the risk of irregularities and non-compliance with laws and regulations, Including fraud, we
designed procedures which included:
Enquiry of management and those charged with governance around artual and potential litigatlon and
claims a5 well as actual, suspected and alleged fraud.
Revlewing minutes of meeting5 of those charged with governance:
Assessing the extent of compllance with the laws and regulations considered to have a dirett material
effect on the financial statements orthe operatlons of the entity through enquiry and inspection;
Page 41

INDEPENDENT AUDITOWS REPORTTOTHE TRUSTEES OF
SCOUTSCYMRU
Reviewing financial ststement disclosures and testing to supporting documentatlon to assess compllance
with applicable laws and regulations;
Perfomiing audit work over the risk of management bias and override of controls, includlng testlng of
journal entries and other adjustments for appropriateness, evaluating the business rationale of Significant
transactions outside the normal course of business and reviewing accounting estimates for indicators of
potential bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-complian￿ with regulation. This risk
increases the more that compliance with a law or reEulation is removed from the events and transactions
refletted in the financial statements, as we will be less likely to become aware of instance5 of non-compliance.
The risk of not detecting a material rnisstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of intsrnal
control.
Other Matters
Your attention is drawn to the fact that the charity has prepared financial statements in accordance wlth
"Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing
thelr accounts in accordan￿ with the Financial Reportlng Standard applicable in the UK and Republic of Ireland
{FRS 102)" las amendedl In preference to the Accounting and Reporting by Charltles: Statement of Recommended
Practice issued on l Aprll 2005 whlch Is referred to in the extant regulations but has now been withdrawn.
This has been done in orderforthe flnanclal ststements to provide a true and fairview in accordance wlth current
Generalty Accepted Accounting Practice.
Use of our report
This report is made solely to the charivs trustees. as a body, in accordan￿ with part 4 of the Charitie5 {Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's
trustees those matters we are reqUI￿d to state to them in an auditors, report and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and
the charitys trustees as a body, for our audit work, for this report, or forthe opinions we have formed.
rew
owe
Senior Ststutory AudSt
Azets Audit Services
Chartered Accountsnts
Statutory Auditor
Ty Derw
Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
Azets Audit Serrflces is eli8ible for appolntment as auditor of the charity by virtue of its eligibilityfor appointment
as auditor of a company under of section 1212 of the Companies Act 2006.
Page 42

SCOUTSCYMRU
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Total
funds
2024
Total
funds
2023
Unrestrlrted
funds
Restrirted
funds
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other income
Totol Income ond endowments
706
974,861
13,701
598
989.866
706
975,257
13,701
598
990,262
278
658,146
13.537
623
672,584
396
396
Expenditure on:
Raising funds
Charitsble activitles
Total expenditure
23.152
953.942
977,094
23.152
954,338
977.490
16,576
599,105
615,681
396
396
Net goins/{lossesJ on investments
Net income/(expenditureJ
16
28,423
41.195
28.423
41.195
{20,760)
36,143
Reconclliation of Funds
Total funds brou8ht forward
Totalfvnds carrledfvrward
16,17
18,19
902.785
943,980
902,785
943,980
866,642
902,785
All artivities relate to contlnulng operations.
The notes on pages 46 to 59 form part of these financial statements
Page 43

SCOUTSCYMRU
BALANCE SHEEr
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets:
Tangible asset5
Investments
io
li
111.356
400.956
512312
121,629
365,990
487,619
Current assets:
Stocks
Debtors
Cash at bank and in hand
12
13
7,378
746.770
523.603
1.277,751
10,530
867.022
514,984
1,392,536
Liabilities:
Creditors: Amounts falling due wlthin one
year
14
(846.0831
(977,370}
Net current assets
431.668
415,166
Net assets
943,980
902,785
The funds of the charity:
Unrestricted income funds
Designated funds
General funds
16
16
119,011
824.969
135,365
767,420
943.980
902,785
Total charity funds
943.980
902,785
The financial statements were approved and authorised for issue by the Trustees on 22 October 2024 and signed
on their behalf, by".
Irsty Palmer
Chair
Board of Trustees
Dom Wlnfleld
Treasurer
Board of Trustees
The notes on pages 46 to 59 form part of these financial statements
Page 44

SCOUTSCYMRU
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
Note
2024
2023
Net cash provlded byl{used in) operatlng actlvltles
20
6.637
162.423)
Cushflowsfrom Investlng artivities..
Dlvldends, interest and rents from investments
Purchase of property plant and equipment
Proceeds from sale of investments
Purchase of Investments
Net cash provided by/(used In) Investing artlvltles
13,701
15,176)
37,786
144,329)
1,982
13,537
18,674)
332,239
(331,256)
5,846
Change In cash and cash equivalents in the reportlng period
8.619
156,577
Cash and cash equivalents at the beginning of the reportlng
perfod
514.984
571,561
Cash and cash equlvalents at the end of the reportlng perlod
20
523.603
514,984
The notes on pages 46 to 59 form part of these financlal statements
Page 45

SCOUTSCYMRU
NOTES TO THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUhrriNG POUCIES
The following accountlng policies have been used consistently in dealing with items whlch are considered
material in relation to the charitvs financlal statements.
Basls of Preparatlon
The accounts have been prepared in accordance with the Statement of Recommended Practi￿. Accounting
and Reporting by Charities preparing their accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the
United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted
Practice as it applies from l January 2019.
The charity have departed from the Charities (Accounts and ReFK)rts1 Regulations 21N)8 only to the extent
required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
Scoutscymru meets the definltlon of a publlc benefit entity under FRS 102. Assets and liabilities are initially
cogni5ed at historical cost or transaction value unless otherwise stated in the relevant accountin8 policy
note(s).
Roundln8
Figures contained in the financial statements have been rounded to the nearest pound.
Presentatlon of the accounts on a going concern basis
The Charity reported net income of £41,195 for the year and has net assets of £943,980. The outlook for the
future continues to remain positive as looking to 2024/25 our income will Increase again as from thejanuary
2024 ￿n$US our membership has grown further to 14,061 young people, up from 13,529 young people in
2023124. The current Strategic Voluntary Youth Work Organisation grant finishes in March 2025 and
Scoutscymru are actively looking for other funding sources. In addition the Charity currently maintains
sufficient free reserves at 12 months of revenue expenditure and monitors results on a frequent basis.
The Trustees are therefore of the view that on this basis the charity is a going concern and the￿ a￿ no
material uncertainties about the charitVs ability to continue as a going COn￿rn.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in
furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular
purposes. The aim and use of each desEnated fund is set out in the notes to the financial statements.
Restricted fvnds are funds which are to be used in accordance with speclfic restrictions imposed by donors
which have been raised by the charity for particular purposes. The cost of raising and administering such
funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to
the financlal statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 46

SCOUTSCYMRU
NOTES TO THE FINANCIAL sTATEME￿rs
FOR THEYEAR ENDED 31 MARCH 2024
ACCoU￿￿NG POUCIES (continued}
Income
All Income Is Included In the Statement of Financial Activities when the charity is legally entitled tothe income
and the amount can be quantlfled wlth reasonable accuracy.
Income tax recoverable in relation to investment income is recognised at the time the investment income is
receivable.
Grant income is recognised when it is received. with the balan￿ being carried fornvard within reserves if it
has not been utilised.
Expenditure
All expenditure is accounted for on an accruals basis and has been included under expense categories that
aggregate all cost5 for allocation to activities. Where costs cannot be directty attributed to particular activities
they have been allocated on a basis consistent with the use of the resources.
Support costs have been allocated 74% (2023: 74%) to charltable activities, 20% (2023: 20%) to governance
{contained within charitable activities) and 6% {2023: 6%) to raising funds. The support costs have further
been allocated to the various charitable activities as follows:
2024
2023
Adult Support & Training
Development of Scouting
Youth Programme & Activities
Support & Servi￿$ to Scouting in Wales
Mountain Training & Residential Cent￿$
22%
24%
22%
22%
24%
22%
The cost of the Scouting Support SeNice {Direct Staff Costs) has been allocated as follows:
2024
20%
15%
5%
2023
20%
15%
Adult Support & Training
Development of Scouting
Youth Programme & Activities
Support & Servlces to Scoutlng in Wales
60%
Governance costs are those associated with constitutional and statutory requirements.
Consolidation
The accounts include all of Scoutscymru's actwities. The following operations have been aggregated with
the accounts of Scoutscymru:
Cornel Scout Centre
Yr Hafod Scout Centre
SWAT
Bushscout Cymru
Investments
Investments are stated at market value at the balan￿ sheet date. The Statement of Financial Actfvities
includes the net gains and losses arising on revaluations and disposals throughout the year.
Page 47

SCOUTSCYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POUCIES (continued)
Tangible fixed assets and depreclatlon
All assets costing more than £2,0(M) are capltallsed.
The Hafod leasehold property has been revalued to market value whlch the committee considers to be
negligible given the terms of the lease.
Tangible r￿ed assets are stated at cost less depreciation. Depreciatlon ts provided at rate5 calculated to write
off the cost of fued assets, less thelr estlmated residual value. over their expected useful lives on the
following bases:
Freehold property
Fixtures, fittings and equipment
Drascombe Gig
Structural improvements
p.a. stralght Ilne
p.a. stralght Ilne
p.a. straight line
p.a. straight line
25%
6.66%
Operatlng leases
Rentals applicable to operating leases where substantially all of the benefits and rlsks of ownership remain
wlth the lessor are charged to the Statement of Financial Activities as incurred.
Stocks
Stocks, in the form of scarves, badges, and The Duke of Edlnburgh Award Scheme publkations are valued at
the lower of cost and net realisable value after maklng due allowance for obsolete and slow-moving stocks.
Debtors
Trade and other debtors are recogni5ed at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade dlscounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short tenn highly liquid investments with a short maturlty
of three months or less from the date of acquisition or opening of the deposit or similar account.
Credltors and provlslons
Creditors and provlslons are recognlsed where the charity has a present obligation resultingfrom a past event
that will probably result In the transfer of funds to a third party and the amount due to settle the obligation
can be measured or estimated rellably. Credltors and provisions are normally recognised at their settlement
.amount after allowing for any trade dlscounts due.
Financlal Instruments
The charity only has financial assets and flnancial liabilities of a kind that quallfy as baslcfinancial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.
Llabllltles polkv
Llabilities are recognised in the Statement of Flnancial Activities as they become payable.
Page 48

SCOUTSCYMRU
NOTES TO THE FINANaAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (contlnued)
Taxation
As a registered charity, Scoutscymru Is entltled to the exemptlon from taxation in respect of income and
capital galns received with section5 478489 of the Corporatlon Tax Act 2010 and sectlon 256 of the Taxation
af Chargeable Gains Act 1992 to the extent that these are applled to Its charltable objects, purposes onlv.
Pensions
The charity contributes to The Scout Assoclation Pension Scheme (a defined contrlbutlon penslon scheme)
for all employee5. The pension charge represents the amounts payable in the year.
2. CRMCAL ACCOUNTING EsfiMATES AND JUDGEMENTS
In the application of charltvs accountlng pollcies, the trustees are required to make judgements, estlmates
and assumptions about the carrylng amount of assets and Ilab115ties that are not readily appareni from other
sources. The estimates and assoclated assumptlons are based on historical experience and otherfactorsthat
are consldered to be relevant. Actual results may dlfferfrom these estlmates.
The estimates and underlying assumptions are reviewed on an ongolng basls. Revlslons to accounting
estimates are recognised In the perlod In which the estimate is revised where the revlslon affects only that
period, or in the period of the revision and future periods where the revision afferts both current and future
perlods.
3. INCOME FROM CHARITABLE ACTIVITIES
Total
funds
2024
Total
funds
2023
Unrestricted
funds
Restricted
funds
Area Census fees
Activity Teams & Mountaln
TraininglResidentlal Centres
Welsh Government Strateglc
Voluntary Youth Work
Organlsations Grant
Other Grants
Merchandise {scaNeslbadges etc.)
Youth Programme & Artivities
476.694
476.694
426,241
111.630
111,630
77,466
66P79
10.369
17.105
292,084
974.861
66,979
10.765
17.105
292,084
975,257
62,084
6,382
15,131
70,842
658,146
396
396
Included within "Activity Teams & Mountain Trainin&lResidential Centres" Is £975 grant Income that
SWAT were awarded durlng the year and £9,5(M) that Bushscout Cymru were awarded durlng the year (2023:
£16,086).
For detaS1s of the Restricted funds received see note 17.
Page 49

SCOUTSCYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 MARCH 2024
4. INCOME FROM INVEStMENTS
Total
fvnds
2024
Total
funds
2023
Unrestricted
funds
Restrirted
funds
Income from listed Investments
Interest re￿1vable
7.158
6,543
13.701
7.158
6,543
13,701
12,165
1,372
13,537
S. EXPENDITURE ON RAISING FUNDS
Direct
staff
costs
Support
staff
Other
5UPPOrt
costs
Depre-
ciation
2024
Total
2023
Total
Other
Fundralsing costs
Investment management
14,945
5.467
41
20.453
2.699
23,152
13,855
2,721
16,576
2,699
2.699
14,945
5.467
41
6. EXPENDITURE ON CHARITABLE AcfiviTIES
Dlrect
staff
costs
Support
stsff
costs
Other
support
costs
Other
Direct
Costs
Depre-
ciation
2024
Total
2023
Total
Adult support and
training
Development of Scouting
Youth Programme &
Activities
Support and seNices to
Scouting in Wales
Activity Teams &
Mountain Trainin
Residential Centres
Governance costs
23,847
17,885
12.454
54.800
4,556
20,047
12,802
26.596
34
149
53,693
119,477
43,394
97,050
5,962
59,782
21.869
308.662
161
396,436
138,585
71,540
54.799
20,047
36.189
149
182.724
145,787
2,491
49.818
234.144
911
18,225
85.655
95.534
20,113
499￿96
14.781
135
15.409
113.717
88.291
954,338
114,181
60,108
599.105
119.234
£396 of the Youth Programme & Actlvltles and Support and services to Scoutin8 in Wales are shown under
restricted funds on page 43 to match the Mlsslon to Seafarers Income.
Page 50

SCOUTSCYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
EXPENDrruRE ON CHARITABLE ACTIVITIES Icontinued)
Included within the "Other Dlrect Costs" Development of Scouting costs above are £3,967 (2023.. £16,520) of
grants paid from the Scoutscymru Grant Fund to Scout Groups, Districts and Areas In Wales during 2023124 {see
note 16). Further details of the applicatlons supported during the year is as follows:
Subfund
Total awarded Number of Institutions
supported
22
New sectlon fund
Incluslve Scoutlng fund
Capital & Equipment Fund
Adu￿ Support fund
Small Grants fund
Previous awards withdrawn
4,800
500
817
800
(2,950)
3,967
7. NEf INCOMEI(EXPENDITURE) FOR THE YEAR
This is stated after charging:
2024
2023
Depreciation of tangible fixed assets
Auditor5. remuneration
Operatin8 lease costs
15.449
9,600
19.199
17,178
4.830
19,199
ANALYSIS OF sfAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES
Staff costs were as follows:
2024
2023
Wages and salaries
Social security costs
Penslon costs
317.274
25,371
22,406
365,051
257,484
19,838
16,206
293,528
No employee received remuneration amountingto more than £60,000 in eitheryear.
Duringthe year, no Trustees received any remuneration (2023: £NIL} or any benefrts in kind (2023: £NILI.
During the year, 512023: 7) Trustees re￿iVed £1,091 reimbursement of travel expenses12023: £9731. The
total expenses waived by the trustees during 2023124 is considered immaterial and so not calculated.
Key Management Personnel
As detailed in the Tru5tees' report, durin8 2023124 the key management personnel of the charity was the
Dlrector. During 2023124 the total ernployee benefits (including salary, employers, national
Page 51

SCOUTSCYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 MARCH 2024
8. ANALYSIS OF STAFF cosrs. TRUSTEE REMUNERATION AND EXPENSES (continued)
insurance, pension and benefits in kindl of the key management personnel of the charity were £53.304
(2023: £52,478). The prior year comparative is for the Head of Operations, a role which no longer exists
followlng the staff restructure during 2023/24.
STAFF NUMBERS
The average monthly number of employees during
the year was as follows:
2024
2023
No
Management and administration
Scouting Support offi￿r$
12
10. TANGIBLE FIXED ASSErs
Flxtures,
fittings and
equipment
Structural
Improve
ments
Land and
buildings
Total
Cost
At l April 2023
Addltlons
Disposals
At 31 March 2024
92.626
76.802
273.198
2.526
(3.098)
272,626
442,626
5.176
(3.098)
444,704
92.626
79,452
Depreclatlon
At l April 2023
Charge for the year
Disposals
At 31 March 2024
43,070
1.852
67,340
3,165
210,587
10,432
(3,098)
217,921
320.997
15,449
13.098)
333,348
44,922
70.505
Net book value
At 31 March 2024
47.704
8.947
54.705
111,356
At 31 March 2023
49,556
9,462
62,611
121,629
Included within the net book value of land and buildings is £47,703 relating to freehold land and buildings,
£1 relating to long temi leasehold land and buildings and £nil relating to short term leasehold land and
buildings.
Page 52

SCOUTSCYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. TANGIBLE FIXED ASSETS {contlnued)
Yr Hafod {leasehold) and Cornel (free1￿ld) Training Centres are held by the Scout Association Trust
Corporation on behalf of Scoutscymru under declarations of trust dated 5 March 1960 and 3 May 1969
respectivety. Yr Hafod's lease runs for 99 years from 29 September 1958. In the year ended 31 March 1997
the cost of the lease was written off as it may only be used forscouting purF)oses and therefore has no rnarket
value. The write off amounted to £30.553.
11. FIXED ASSEf INVEsfMEMf5
Collective
Investment
funds
Market value at l April 2023
Additions
Dlsposals
Unrealised gainslllosses) {revaluations)
Realised losses
Market Value at 31 March 2024
365.990
44.329
137,7861
29,729
11,306)
4(N).956
Historic cost
At 31 March 2024
373.344
At 31 March 2023
367,333
OF the investments £20,225 {2023: £19,497) are held in overseas equity collective investment funds,
whlch are all traded on the London Stock Exchange. The investments portfolio indudes the following
categorles of Investments that Indlvldually account for more than 5% of the total investments at the year-
end:
2024
2023
UK direct equities
Other sterling t￿ed interest
Asia Pacrfic equlties
Global Investments
Absolute Return Bond funds
42,182
73,950
20,225
210,765
39,709
65,492
19,497
184,708
27,311
12. STOCKS
2024
2023
Finished goods and goods for resale
7,378
10.530
Page 53

SCOUTSCYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13. DEBTORS
2024
2023
Trade debtors
Prepayments and accrued income
688.489
58,281
746,770
634,085
232,937
867,022
The slgnificant decrease in Prepayments compared to last year mainly relates to expenslng the payments
made to The Scout Association for the World Scout Jamboree 2023 as the event occurred during 2023124.
14. CRED￿oRs
2024
2023
Due within one year:
Trade creditors
Other creditors
Accruals and deferred income
1,51XI
7,557
837,026
846.083
2,875
23,675
950,820
977,370
2024
2023
Deferred Income
Balance at l April 2023
Released to income
Deferred income received in the year
937.683
1937.683)
823,482
823,482
680,906
(641,906)
898,683
937,683
st
Balance as at 31 March 2024
During 2023124 Deferred income ￿lateS to Area Census fees, Mountaln TralninglActivty team booking
fees and event participant fees (Roverway 2024 and All Wales Scout Camp 2024) received in advance and
whlch relate to a future financial period. The deferred income relating to Area Census fees also Includes the
UKHQ census fees subsequently payable to The Scout Assoclation which Scoutscymru collects as agent on
their behalf.
The decrease in deferred income compared to last year mainly relates to releasing the income received
from World Scout Jamboree 2023 participants as the event occurred during 2023124.
COMMITMENTS
There were no capitsl commitments at the end of eltherflnanclal year.
At 31 March 2024, the total future minimum lease payments under non-cancellable operating leases tor
each of thefollowing periods are:
Page 54

SCOUTSCYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
IS. COMMITMEMfs (contlnued)
Land and bulldlngs
2024
2023
Other
2024
2023
Explry date:
Within one year
Within 2-5 years
Over 5 years
17,793
71,172
3.217
92.182
17,903
3,237
1,296
2,813
4.221
503
21,140
4,109
16. UNRESTRICTEO FUNDS
At31
March
2024
At IApril
2023
Galns/
(lo￿e5>
Income
Expenditure
Transfers
Designated funds
Scoutscymru
Grants Fund
Activities fund
111,444
23,921
135,365
13.967)
107.477
11.534
119,011
(12.387)
112.387)
{3,967)
General funds
Scoutscymru
SWAT
Cornel Scout
Centre
Yr Hafod Training
Centre
Bushscout Cymru
608,458
5,801
878,237
20￿79
1862,8191
119,414)
12,387
28,423
664,686
7,266
94,162
31.589
(32.463)
93.288
59,058
(59}
767,420
44,328
14,833
989.866
(44.762)
113.669)
1973,127)
58.624
1.105
824.969
12.387
28.423
Total funds
902,785
989,866
{977,094)
28A23
943.980
The general unrestrlcted funds are held to promote and develop Scouting in Wales.
The Scoutscymru Grants Fund opened to applications from Groups, Districts and Areas in Wales from l April
2018. See Note 6 for details of grants paid duringthe year.
The Actlvitles fund ring fences surplus funds from Scoutscymru eventslactivities (such as All Wales Scout
Camp, Cub Fun Day, AWESOME etc.). Future All Wales actNities and events can then apply to the Board of
Trustees for access to these funds as part of their budgeting process. The transfer out in 2023124 relates to
covering the costs paid in advance for All Wales Scout Camp taking place in 2024125 that wouldn't be
refunded rfthe event didn't take place.
Page 55

SCOUTSCYMRU
NOTES TO THE FINANCIAL STATEMEKrs
FOR THEYEAR ENDED 31 MARCH 2024
I& UNREStRICtED FUNDS {continuedl
Prior eor
At31
March
2023
At l April
2022
Gainsl
{losses)
Income
Expenditu
Transfets
Deslgnated funds
Scoutscymru
Grants Fund
Activities fund
129,507
24,261
153,768
(16,520)
(1,543)
(340)
(1,883)
111,444
23,921
135,365
(16,520)
General funds
Scoutscymru
SWAT
Cornel Scout
Cent
Yr Hafod Training
Centre
Bushscout Cymru
524,149
11,476
594,236
15,414
(486,407)
(24,189)
(2,760)
3.1(Xl
120,760)
608,458
5,801
102.829
19.004
(27,671)
94,162
73,287
1,133
712,874
40.914
2,134
671,702
155,143)
(4,869)
{598,279)
59,058
(59)
767,420
1,543
1,883
(20,760)
Total funds
866,642
671,702
(614,799)
{20,760)
902,785
17. RESTRicfED FUNDS
At31
March
2024
At l Aprll
2023
Galns/
(losses)
Income
Expendlture
Transfers
Restricted funds
M1551on To Seafarers
396
396
(3961
(396)
Scoutscymru are working in partnership with the Mission To Seafarers charity on new programme
resources and badges to explore the world of seafaring. Mlssion to Seafarers are reimbursing Scoutscymru
for costs incurred in relation to this ongoing new Mission to Seafarers Programme.
Page 56

SCOUTSCIMRU
NOTES TO THE FINANCIAL sfATEMEKrs
FOR THE YEAR ENDED 31 MARCH 2024
17. RESTRICTED FUNDS Icontinued)
Prior
At31
March
2023
At l Aprll
2022
Gain51
11055e51
Income
Expenditure
Transfers
Restricted funds
Mission To 5eafa￿rs
882
882
(882)
(882)
18. STATEMENT OF FUNDS
At31
March
2024
At l April
2023
Galns/
(losses)
Income
Expenditure
Transfer
Designated funds
General funds
135,365
767,420
902,785
(3.961)
(973.127)
(977.094)
{396)
(977,490)
112,387)
12,387
119,011
824.969
943,980
989.866
989.866
396
990,262
28.423
28.423
Restricted funds
902,785
28,423
943,980
Prior
At31
March
2023
At l April
2022
Gains/
{lossesl
Income
Expenditure
Transfer
Deslgnated funds
General funds
153,768
712,874
866,642
(16,520)
1598,279}
1614,799)
{8821
{615,681)
(1,8831
1,883
135,365
767,420
902,785
671,702
671.702
882
120,7601
120,760)
Restricted funds
866,642
672,584
120,760)
902,785
Page 57

SCOUTSCYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 MARCH 2024
19. ANALYSIS OF NET ASSEfs BEfwEEN FUNDS
Total
funds
2024
Total
funds
2023
Unrestricted
funds
Restrlcted
fvnds
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
111,356
400,956
1.277.751
(846083)
943,980
111.356
400.956
1277.751
1846,083)
943.980
121,629
365,990
1,392,536
{977,370)
902,785
20. RECONCIUATION OF NEf INCOMVIEXPENDITURE) TO NET CASH FLOW FROM OPERATING AcnvmES
2024
2023
Net Incomel{expenditure} for the reportin8 perfod (as per the
SLitement of Flnanclal Artlvltles)
41,195
36,143
Adjustmentsfor..
Depreclation charges
{Gains)/losses on Investments
Dividends, interest and rents from investrnents
(InC￿ase)1decrea5e in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided byllused inl operatin8 artlvltles
15,449
(28,423)
(13,701)
3,152
120,252
(131,287)
6,637
17.178
20,760
(13,537)
7,051
1375,526)
245,508
(62,423)
Anal 1$ of Cash and Cash E
uivalents
Cash at bank and in hand
Total Cash and Cash Equlvalents
523,603
523,603
514,984
514,984
2L RELATED PARTY TRANSAcfioNS
There were no disclosable related partytransactions during the period.
Page 58

SCOUTSCYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
22. COMPARATIVE STATEMENf OF FINANCIAL ACTIVrnES
Total
funds
2023
Unrestricted
funds
Restrlcted
funds
Note
Income and endowments from:
Donations and legacles
Charitable activities
Investments
Other income
Trtal Income and endowments
278
657,264
13,537
623
671,702
278
658,146
13,537
623
672.584
882
882
Expenditure on:
Raising funds
Charitable activities
Total expendlture
16,576
598,223
614,799
16,576
599,105
615,681
882
882
Net golns/{lossesJ on investments
Net income/(expendltureJ
16
120,760)
36,143
(20,760)
36,143
Reconciliation of Funds
Total funds brought forward
Totalfvnds carriedfvnvord
16,17
18,19
866,642
902,785
866,642
902,785
Page 59