Registered charity number: 522572 SCOUTSCYMRU REPORT OF THE TRUSTEES AND FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
SCOUTSCYMRU CONTENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Trustees, Report 1-16 Independent Auditorfs Report 17-19 Statement of Financial Activitie5 20 Balance Sheet 21 Statement of Cash Flows 22 Notes to the Financial Statements 23-37
scoLrrscYMRU REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees are pleased to present their annual report together wlth the flnancial statements of the charity for the year ending 31 March 2025. The Trustees, report and flnancial statements should be read in conjunction with the Scoutscymru Impact Report 2024125. The financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charitie5: 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 {FRS 1021 (l January 2019). OBJEcfivES. AcfiviTIES. ACHIEVEMENTS AND FUTURE PLAN5 Scoutscymru is a not for profit organisation which works to support the provision of the Scout Youth Programme within Wale5 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 seryices. Our current vision is that by 2026 Scout5Cymru will have prepared more young people with skllls for life, supported by engaging Leaders, delivering an inspiring programme. We will be growing, more inclusive, shaped by young people, and play a full part in cohesive communities and the vibrant culture of Wales. Scouting exists to actively engage and support young people in their personal development, empowering them to make a F)OSitive contribution to society. As Scouts we a guided by these value5: Integrity- We act with integrity: we are honest, trustworthy and loyal. Respect- We have self-respect and respect for others. Care- We support other5 and take care of the world in which we live. Belief - We explore our faiths, beliets and attitudes. Co-operation - We make a positive difference; we cooperate with others and make friends. Our current strategic objertives and outcomes are as follows. As a movement we aim to: Grow KPI: Ensure that 90% of existing Scoutscymru Groups are complete with each Section containing more than 12 young people KPI: Increase young people in Scoutscymru by 2.5% per annum over 2018 baseline Become more 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 Group, District or Area Forum Achieve the above while making a positive impact in our communities KPI: Ensure a minimum of 60% of Scout Groups have built Community Impact into their termly programme To achieve our current strategic objectives, the delivery of all annual plans across Scoutscymru focu5 on the following three pillars, thereby contributing to the seven goals of the Well-being of Future Generations (Wale51 Act 2015, in partnership with each local authority Public Service Board: Programme- A fun, enjoyable, high quality programme consistently delivered and aided by simple (digitall tools Page I
SCOUTSCYMRU REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 People- More, well trained, better supported and motivated adult volunteers from different backgrounds Perception - Scouting is clearly understood, more vlslble, trusted, respected and wldely seen as playing a key role in toda¢s society. When analysing Scoutscymru's expenditure on charitable activities, the Trustees came to an understanding that it would be misleading to try to analyse the expenditure expended on charitable activities under the four strategic objectives as described above. Many of the actions and activities that deliver the strategic objectives are led and delivered by volunteer5 and therefore incur proportionately less financial expenditure than those activities delivered 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, the Trustees considerthat the followingfive headings used to analyse expenditure on charitable activities provide a more meaningful and appropriate explanation of Scoutscymru's spending priorities. AduFt Support and Tralnlng Programmes and activities to support adult volunteer5. Development of Scouting Activities to grow the Scout Movement in Wales, including raising the profile of Scouting at Welsh Government, corporate and community levels. Development of Scouting expenditure also includes grants paid from the Scoutscymru Grant Fund. The Scoutscymru Grants Fund is designed to help support and develop Scouting in Wales. The fund is overseen by the Finances and Resource5 committee who meet three times a year to consider applications. The Grant Fund considers appllcatlons which meet the criteria forthe following sub-funds: New Section Fund - to support new Squirrel, Beaver, Cub, Scout, Explorer or Scout Network sections opening within Wales. Inclusive Scouting Fund-to support projects that aim to improve diversity within Scouting in Wales. Capital & Equipment Fund - aims to support Groups, Districts or Areas within Wales with signlflcant capital or equlpment purchases. Adult Support Fund- aims to fund projects helping with the recruitment, induction, training and retention of adult volunteers. Small Grants Fund- designed to provide young people with the experience of completing a grant application and presenting their proposal. Youth Programme and Activities The provision of training, activities and awards at a national level that could not easily be delivered at a local level. Support and Servlces to Scouting in Wales Activities to provide management support to Areas and Districts. forumsforthe exchange of ideas and best practi for the delivery of the Scout Programme within Wales, and a central source of selected training materia15, Welsh translations and insignia. This period saw the team support the Movement in Wales with the launch and rollout of the new volunteering System and process focused on improving the volunteer experience through a new streamlined digital membership system, a revised volunteering joining journey, and a shift to flexible, team-based volunteering Structure, all supported by new training and reduced admin tasks. On 18 April 2024, The Scout Association, (TSA) responded to the concerns raised by HM Coroner in the Prevention of Future Deaths IPFDI Report issued following the inquest into the death of Ben Leonard. Within that response the TSA set out 24 specific commitments. Throughout 2024125, Scoutscymru has supported the seniorvolunteerteam Page 2
SCOltrscYMRU REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 in Wales with the delivery of the associated changes required to meetthese specific commitments a comprehensive programme of work creating a stronger culture of safety going forward. Further details on the commitments can be found on the TSA website. Scoutscymru Actlvlty Teams & Mountsln TraInInResIdentIal Centres Scoutscymru provides accommodation and training facilities run by Scout Volunteers ft)r the benefit of the Scout Movement, to enable young people and volunteers the opportunity to enjoy the beauty and challenges of the mountains and waterways of Wales with the security of competent leadership and the provision of relevant accommodatlon. Scoutscymru has a team of eXperIend and trained volunteerswho provide mountain leadership including training and quallfications, water activities, including sailing and paddle sports and Bush craft artivitie5 through Bushscouts Cymru. These activities are provided at a national level that all members of Scoutlng In Wales can participate in with the opportunity to become proficient and qualified in the relevant actSvity. Full details of the specific objectives, actlvlties, achlevements and future plans within these c05t headings are set out in Appendix A 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 pollcies for marketing, fundraising, mana8in8 Its properties and ensuring sound employment praCtiS. The Board has approved annual business plans and supported the Chief Volunteer Wales and Chief Executive in meeting the responsibilities of their role. Future Plans The Skills for Life strategy set out by The Scout Association, which defined the strategic objectives and KPIS ends in December 2025. In preparation for the development of the new strategy, Scoutscymru commissioned its first national project focused on listening to young people about their Scouting experlences in Wales. It is our intention to adopt the co-design approaches and incorporate the recommendations as we begin to shape the new strategy beyond 2025. As we look to the year ahead, we will be focused on five key areas: Strengthen volunteer support and recruitment Champion youth Vol and achievement Grow our profile and influence in Wales Ensure strong governance and financial resilience Expand adventurous, inclusive opportunities for young people These five keyareas will ensure we are on strong footings as we welcome our new Chief Volunteer and looktowards new strategy launch in January 2026. FINANCIAL REVIEW The Financial Review should be read in conjunction with the financial statements on pages 20 to 37. The accounts brin8 together the activities of Scoutscymru, the Scoutscymru Water Artivities 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 alm to be self-funding through fees for Page 3
SCOUTSCYMRU REPORT OF THETRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 actlvltles, trainlng courses and accommodation. Scoutscymru's core attivities are funded through membership subscriptions and investment income. Income and expenditure are summarlsed In the Statement of Financial Activities on page 20 of the accounts and analysed in detail in the notes to the financial statement5. The allocation of support Costs is reviewed annually. In the financial year the was an unrestricted surplus of £13,327 (2024: surplus of £12,722) before gains/{lossesl on Investments in unrestrlcted funds. This surplus is after the receipt of voluntary and investment income, funding and 8overnance costs and the net cost of charitable activities. Central activities resulted in an operating deficit before any transfers of £8,39012024: surplus of £15,417). The SWAT and Bushscout teams, mountain tralnlng and residential centres generated a surplus before any transfers of £35,333 {2024: surplus of £1,321). As shown in Note 3, gross income has decreased since last year with the main decrease bein8 in Youth Programme & Activities. Youth Programme & Activities decreased asthe previousyear income included participant fees received from those attending the World Scout Jamboree 2023 in South Korea. The Actlvity Teams, mountain training and residential centres income also increased as they continued to return to normal operational levels and increase the number of activities and events on offer. As detailed in Note 6, gross expenditure has also decreased compared to 2023/24. The main factor contribLrting to this decrease 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 durlng the previous financial year. The Trustees consider the results for the year to be satisfactory and expected to make a deficlt for the year before gains/{lossesl on Investments. 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 portfolio are shown in Note 11. The investment portfolio had a net loss of £11,478 and closing marketvalue of £386k during 2024125 in line with the wider investment market. This compared to an opening market value of £401k and a net gain of £28,423 during 2023/24. Recognisin8 investment5 are held with a view for longer-temi performance, the Trustees a currently satisfied with the performance of the portfolio. At June 2025 the market value of the portfolio stood at £398k. Reserves Policy The level of reserves is reviewed annually by the Trustees. The Trustees are of the opinion that Scoutscymru needs to maintaln an adequate level of reserrfes to maintain the continuity of services associated with the provision and development of Scouting in Wales. During 2021122 the Trustees, following the example set by The Scout Association, increased the level of general reserves they consider it appropriate to maintain from 6 months up to 12 months current revenue expenditure. Significant capital and revenue projects will be funded by setting aside appropriate amounts into designated funds. The reserves are stated in note 18 of the financial statements as detailed on page 35. At the balance sheet date the free reserves (being the general funds of Scoutscymru, less Tangible Fixed Assets) stood at £710,349 (2024: £713,613). Total expenditure for 2024125, 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 £731,180. Free reserves therefore stood at just under 12 months of revenue expenditure meanin8 Scoutscymru is in a relatively stable financial position. Page 4
SCOUTSCYMRU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 It is essential that Scoutscymru acts prudently to ensure that it can continue to support and develop Scouting in Wales for the foreseeable future to ensure its activities are sustainable. When setting a budget for a "normal" flnancial 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 2025126 budget has an operational surplus of £7.7k for the year. Assets Fixed assets comprise freehold property used as accommodation and training centres, fixtures, fittings and equipment, Structural improvements and investments. Current 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 obli8ations. AUDITORS At the Annual General Meeting, Azets Audit servIs were reappointed as external auditors. VOLUNTEERING Scoutscymru achieves its objectives through the work of 4,61812024: 4,735) adult volunteers working in some 271 (2024: 2781 communities to support the development of 13,817 {2024: 14,0611 young people of Wales through the Scout programme (based on our most recent January 2024 census data). Adult volunteers work directly with the youth membership as leaders and are supported by volunteer managers, trustees and other supporters. All Trustees of Scoutscymru are volunteers, including the Chief Volunteer, Youth Lead Volunteer the Chair and the Treasurer. The Scout programme in Wales and the associated All Wales events are led by volunteers who have many yearsof experience and specialist training. Volunteerswith such experience and training enable Scoutscymru to offer a wide range of water and land activity 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 training, delivered byteams of skilled volunteer trainers. Scout5Cymru 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. STRucfuRE. GOVERNANCE AND MANAGEMENT Scoutscymru was formed in 1925 in recognition of the need for the Scout Movement to identify with the Welsh nation. Scout5Cymru is an autonomous, not-for-profit organisation registered as a charity on 24 February 1964 {charity number 5225721. Scouting in Wales is represented within the UK Scout Association through the Chief Volunteer for Wales, a Senior volunteer appointment. The charity is governed by the Scout Association's Royal Charter originally dated 4 January 1912 with the latest amendment being dated 19 July 1991 and operates under its own constitution within the Policy. Organisation and Rules of The 5coLrt Association. The report and accounts cover the activities directty controlled by Scoutscymru. The activities of Scout Areas, Districts and Groups in Wales are not reflected in the port and accounts. These bodies and Scoutscymru are autonomous charitie5 affiliated to The Scout A550ciation that tO8ether fomi the Scout Movement in Wales. The rnanaglng Trustees of the charlty as detailed in the constitution are the Chair of the Board of Trustees of Scoutscymru, the Treasurer to Scoutscymru, the Secretsry (unless the Secreta ry is employed by Scoutscymru), the Chief Volunteer for Wales, the Wales Youth Lead Volunteer, up to four members of the Scout movement in Wales elected at Scoutscymru's Annual General Meeting I'AGM"), up to four members of the Scout movement in Wales aged between 18 and 24 years elected at Scoutscymru's AGM, up to four Nominated/Appointed Trustees, along Page 5
SCOLrfscYMRU REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 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 7. 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 Chief Executive. The Committees in operation during 2024125 were.. Finance and Resources Nominations and Governance Cornel Scout Centre Yr Hafod Scout Centre Appointments Advisory Task and Finish groups are also set up as and when required. The Chairs and members of all committees are appointed by the Board of Trustees. The Committees may co-opt addltlonal members subject 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 committee reports to the Board of Trustees and makes recommendations, unless it has received authorisation to act executively. Each committee meets at least three tlmes a year apart for the Appointments Advisory committee that meets when requid. During 2024125 the key employed management personnel of the charity was the Chief Executlve. Prlnclpal Risks and Uncertalntles The Trustees 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 Trustee5 has identified, through the completion of risk registers, the major rlsks to which they believe the charity is exposed, these have been reviewed and systems have been established to mitigate against them. The main areas of concern that have been identified are: Safeguarding of members- DBS checking in place, specialised mandatory Safeguarding training of all staff and volunteers, robust system of direct reportin8 of all incidents to a dedicated central experienced Safeguarding team, partnerships with NSPCC for the development of policies and procedures regarding safeguarding, quarterly reporting to the Board and Senior Managers on tralnlng compliance. Injury to leaders, helpers, supporters, members, and staff - Scoutscymru through the membership fees contributes to TSA'S national accident insurance policy. Risk Assessments are undertaken before all activities. Scoutscymru also has adequate Employer's Liability insurance Damage to buildings, property and equipment- Scoutscymru has sufficient buildings and contents insurance in place to mitigate against pemianent loss Reduced income from fundraising and grants- Scoutscymru Is primarily reliant upon income from membership fees and fundraising. Scoutscymru currently hold sufficient reserves to ensure the continuity of activities should there be a major reduction in income. The trustees and staff of Scoutscymru contlnue to work and identify and secure other sources of income ST failure- Scoutscymru has a service contract for IT support, and performs regular data back-ups Page 6
SCOUTSCYMRU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINSTRATIVE DETAILS Charlty Re8lStered Number 522572 Address Castle House, Southern Street, Caerphilly, CF83 ILH. Trustees Kirsty Palmer (Chairl Dom Winfield (Treasurer) Colin Morris (Treasurer) Rhian Moore (Chief Volunteer for Wales} Christopher Lee (Vice Chairl Edward Watts MBE DL (Vice Chair) Callum Jones (Youth Lead Volunteer Wales) Lowri Williams {Youth Lead Volunteer Wales) Nigel Steward Ben Exton Rhys Wllllams Stuart Turton Sam Williams Natalie Lanagan Nick Hamer Georgia Murray Billy Calladine (to 16 November 2024) (from 3 June 20251 (to 16 November 2024) (to 16 November 2024) {from 16 November 2024) {from 16 November 2024) {from 16 November 2024) {to l March 20251 {to 22 February 2025) {from 16 November 2024) {from 16 November 2024} {from 16 January 20251 Aspects of day-to-day management are delegated by the Board to Committees and Kerrie Gemmill, Chief Executive of Scoutscymru. Auditors Azets Audit Services, Ty Derw, Lime Tree Court, Cardiff Gate Business Park, Cardiff, CF23 8AB. Bankers Lloyds Bank, Bridgend Branch, 18 Wyndham Street, Bridgend. 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 High Street, Porthmadog, Gwynedd, LL49 9NR. Investrnent Manager RBC Brewin Dolphin, 2, Floor, 5 Callaghan Square, Cardiff, CFIO 5BT Page 7
SCOUTSCYMRU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Including Financlal Reportlng Standard 102: The Financial Reportlng Standard applicable in the UK and Republic of Ireland (United Kin8dom Generally Accepted Accounting Practice). The law applicable to charltles in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view 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 apply them consistently obseNe the methods and principles in the Charities SORP make judgments and accounting estimates that are reasonable and prudent state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the going concern basls unless It is Inapproprlate to presume that the charity will continue in business The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any tlme the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detectlon of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Klngdom governlng the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This report was approved by the Trustees on 27 October 2025 and signed on its behalf, by: Kirsty Palmer Chair. Board of Trustees Colin Morris Treasurer, Board of Trustees Page 8
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INDEPENDENT AUDITOR'S REPORT TOTHE TRUSTEES OF SCOUTSCYMRU Opinion We have audlted the flnanclal statements of Scoutscymru (the 'chariV) for the year ended 31 March 2025 which 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 reportlng 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 charitable company's affalrs as at 31 March 2025 and of its incoming resources and appllcatlon of reSoUrs, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) IISAS IUK)} and appllcable law. Our responsibilities under those standard5 are further described in the Auditor's responsibilities for the audit of the flnancial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financlal statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethlcal responslblllties in accordance wlth these requirements. We believe that the audit evidence we have obtalned Is sufflclent and appropriate to provlde a basis for our opinion. Conclusions relating to golng concern In auditing the financlal statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or condltlons that, individually or collectively, may cast significant doubt on the charity's ability to continue as a golng concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of thi5 report. Other Informatlon The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our oplnlon on the financial statements does not cover the 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, conslder whether the other information is materially inconsistent with the financial statements or our knowledge obtalned in the course of the audit. or otherwise appears to be materially misstated. If we Sdentlfy such material Inconsistencies or apparent material misstatements, we are required to determine whether thls 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 requlred to report that fact. We have nothing to report in this regard. Page 17
INDEpENDEr AUDrroR'S REPORTTOTHE TRUSTEES OF SCOUTSCYMRU Matters on which we are required to report by eXptIOn We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Re8ulations 2008 require us to report to you if, in our opinion: the information given in the financial statements is inconsistent in any material respect wlth the trustees, report; or sufficient accounting records have not been kept; or the financial statements are not in agreement with the accounting records; or we have not received all the information and explanations we require for our audit. Responslbllltles of trustees As explained more fully in the statement of trustees, spOnSIbl11t1e$, the trustees, who are also the directors of the charity 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 flnanclal statements that are free from material misstatement, whether due to fraud or error. In preparing the financial ststements, the trustees are responsible for assessing the charitvs ability to continue as a going concern, disclosing, as applicable, rnatters related to going concern and using the going concern basis of accounting unless the trustees elther Intend to Ilquldate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audlt of the flnanclal statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulation5 made or having effect thereunder. Our objectlves are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance wlth ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities is available on the Financial Reporting Council'5 website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. Extent to whlch the audlt was consldered capable of detecting irregularities. including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Flnancial Reportlng Councll's website, to detect material misstatements in respect of irregularities, including fraud. We obtain and update our understanding of the entity, its artlvitles. its control envlronment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity IS complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responslve 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 laws and regulations, includin8 fraud. In response to the risk of irregularitie5 and non-compliance with laws and regulations, including fraud, we designed procedures which included: Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud; Reviewing minutes of meetings of those charged with govemance: Page 18
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF SCOUTSCYMRU Assessing the extent of compliance with the laws and regulations considered to have a dlrect material effect on the financial statements or the operations of the entity through enquiry and inspection: Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and gUlatIonS. Performing audit work over the risk of management blas and override of controls, including testing of joumal entrles and other adjustments for appropriateness, evaluatlng the business rationale of significant transactlons outside the normal course of buslness and revlewlng 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 Srregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulatlon. Thls risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detectin8 a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve collusion, forgery, intentional omissions, miSpresentatiOns, or the override of interna control. Other Matters Your attentlon is drawn to the fact that the charity has prepared financial statements In accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charltles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland {FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Ststement of Recommended Practice issued on l April 2005 which is referred to in the extant regulations but has now been withdrawn. This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice. Use of our report This report is made solely to the charivs trustees, as a bodyi in accordance with part 4 of the Charities (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 required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not acpt or assume responsibility to anyone other than the charity and the charivs trustees as a body, for our audit work, forthis report, or for the opinions we have formed. Azets Au it Services thartered Accountsnts ststutory Auditor Aaxs Ty Derw Lime Tree Court Cardiff Gate Business Park Cardiff CF23 8AB IJ IKJouo 2015 Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eli8ibility fDr appointment as auditor of a company under of section 1212 of the Companies Act 2006. Page 19
SCOUTSCYMRU STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2025 Totsl funds 2025 Total funds 2024 Unrestrlcte d funds Restrlcted funds Note Income and endowments from: Donations and legacies Charitable activities Investments Other income Total Income and endowments 990 831,595 16.453 1.019 850,057 990 864.027 16.453 1,019 882,489 706 975,257 13,701 598 990,262 32,432 32.432 Expenditure on: Raising funds Charitable activities Totol expenditure 25,281 811,449 836,730 25.281 812.290 837.571 23,152 954,338 977,490 841 841 Net gains/{losses) on investments Net Income/(expenditure) 16 (11,478) 1,849 (11,478) 33.440 28,423 41,195 31,591 Reconciliation of Funds Total funds brought forward Totolfvnds ¢arriedfonvard 16,17 18,19 943.980 945,829 943,980 977,420 902,785 943,980 31.591 All activities relate to contlnuing operations. The notes on pages 23 to 37 form part of these financial statements Page 20
SCOWSCYMRU BALANCE SHEEr AS AT 31 MARCH 2025 2025 2024 Note Flxed assets: Tangible assets Investments io li 118.066 385.813 503,879 111,356 400,956 512,312 Current assets: Stocks Debtors Cash at bank and in hand 12 13 11.088 763.397 577.846 1.352.331 7,378 746,770 523,603 1,277,751 Liabilities: Creditors: Amounts falling due within one year 14 (878.790) (846,083) Net current assets 473,541 431.668 Net assets 977,420 943,980 The funds of the charlty: Unrestricted income funds Designated funds General funds Restricted income funds 16 16 17 117.414 828,415 31.591 119,011 824.969 977,420 943,890 Total charlty funds 977.420 943,980 The financial statements were approved and authorised for issue by the Trustees on 27 October 2025 and signed on their behalf. by- Kirsty Palmer Chair Board of Trustees Colin Morris Treasurer Board of Trustees The notes on pages 23 to 37 form part of these financial statements Page 21
SCOUTSCYMRU STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Note 2025 2024 Net cash provided by/{used in) operating activities 20 58,935 6,637 Cash flowsfrom investing activities.. Dividends, interest and rents from investments Purchase of property plant and equipment Proceeds from sale of investments Purchase of investments Net cash pn)vlded by/(used In) Investlng actlvltles 16,453 (24,811) 100,880 (97,215) (4,693) 13,701 (5,176) 37,786 {44,329) 1,982 Change in cash and cash equivalents in the reporting period 54.242 8,619 Cash and cash equivalents at the beginning of the reporting period 523,604 514,984 Cash and cash equivalents at the end of the reporting period 20 577.846 523,603 The notes on pages 23 to 37 form part of these financial statements Page 22
scoirrscYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES The following accounting policies have been used consistently in dealing with items which are consldered material in relation to the charity's financial statements. Basis of Preparation The accounts have been prepared in accordance with the Ststement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance 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 has departed from the Charities (Accounts and Reports) Regulations 2008 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 FR5 102 rather than the version of the Statement of Recommended Practice which is referred to In the Regulations but which has sin been withdrawn. Scoutscymru meets the definition of a public benefit entSty under FRS 102. Assets and liabilities are Snitially recognised at historical cost or transaction value unless otherwlse stated in the relevant accounting policy note(s). Rounding Figures contained in the financial statements have been rounded to the nearest pound. Presentatlon of the accounts on a golng concern basis The Charity reported net income of £33,440 forthe year and has net assets of £977,420. The outlook for the future continues to remain positive as Scoutscymru successfully secured the Strategic Voluntary Youth Work Organisation grant for three years commencing in April 2025. In addition, the Charity currently maintains sufficient free reserves at 12 months of revenue expenditu 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 are no material uncertainties about the charitvs ability to continue as a going concern. 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 designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used tn accordance with specific restrlctlons imposed by donors which have been raised by the charity for particular purposes, The cost of raislng and administering such funds is charged against the specific fund. The aim and use of each restricted fund Is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 23
scourscYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING pouaES (continued) Income All Income is included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income tax recoverable in relation to investment income is recognised at the time the investment income is recelvable. Grant income is recognised when it is received, with the balance being carried fonvard within reserve5 if it has not been utilised. Expendlture All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costsforallocation to activities. Where costs cannot be directlyattributed to particular activities they have been allocated on a basis consistent with the use of the resources. Support costs have been allocated 74%12024: 74%) to charitable activities, 20Y.12024: 20%} to governance (contained within charitable activities) and 6% (2024: 6%) to raising funds. The support costs have further been allocated to the various charitable activities as follows: 2025 SY 22% 24% 22% 2024 Adult Support & Training Development of Scouting Youth Programme & Activities Support & Services to Scouting in Wales Mountain Training & Residential Cent$ 22% 24% 22% 1% The cost of the Scouting Support Service (Direct Staff Costs) has been allocated as follow5: 2025 20% 15% 5% 60% 2024 20% 15% 5% 60% Adult Support & Training Development of Scouting Youth Programme & Activltles Support & servIs to Scoutin8 in Wales Governance costs are those associated with constitutional and statutory requirements. Consolidation The accounts include all of Scoutscymru's activities. 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 balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year. Page 24
scoirrscYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES {contlnued) Tangible flxed assets and depreclatlon All assets costing more than £2,000 are capitalised. The Hafod leasehold property has been revalued to market value which the committee considers to be negligible given the term5 of the lease. Tangible fixed assets are stated at cost less depreciation. Depreciation is provlded at ratescalculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Freehold property Fixtures, fittings and equipment Drascombe Gig Structural improvements p.a. straight line p.a. straight line p.a. straight line p.a. straight line 25% 6.66% io% Operating leases Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the le55or are charged to the Statement of Financial Activities as incurred. Stocks Stocks, in the form of scarves, badges, and The Duke of Edinburgh Award Scheme publications are valued at the lower of cost and net reallsable value after making due allowance for obsolete and slow-moving stocks. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of the months or less from the date of acquisition or opening of the deposit or slmllar account. Creditors and provlslons Creditors and provision5 are recognised where the charity has a present obligatlon resulting from a pastevent 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 reliably. Creditors and provisions are normally recognlsed at their settlement amount after allowing for any trade discounts due. Financlal Instruments The charlty only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Baslc flnanclal Instruments are initially cOgnised at transaction value and subsequently measured at their settlement value. Llabllities pollcv Liabilities are recognised in the Statement of Financial Activities as they become payable. Page 25
SCOUTSCYMRU NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (continued) Taxatlon As a registered charity, Scoutscymru is entitled to the exemption from taxation In respect of income and capital gains reIVed with sections 478-489 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects, purposes only. Pensions The charity contributes to The Scout Association Pension Scheme {a defined contribution pension scheme) for all employees. The pension charge repSentS the amounts payable in the year. 2. CRITICAL ACCOUNTING EsfiMATES AND JuDGEmEr5 In the application of charl5 accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated a55umption5 are based on historical experience and otherfactors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlylng assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 3. INCOME FROM CHARITABLE ACTIVITIES Totsl funds 2025 Total funds 2024 Unrestrlrted funds Restrirted funds Area Census fees Activity Teams & Mountain TraininglResidential Centres Welsh Government Strategic Voluntary Youth Work Organisations Grant Other Grant5 Merchandise (scarves/badges etc.} Youth Programme & Activitie5 496,240 496.240 476,694 141,286 141.286 111,630 67,088 67.088 32.432 17,109 109.872 864,027 66,979 10,765 17,105 292,084 975,257 32.432 17.109 109,872 831,595 32.432 Included within "Activity Teams & Mountain Tralnlng/Resldential Centres" is £6,674 grant income that SWAT were awarded during the year and £4,560 that Bushscout Cymru were awarded during the year (2024: £10,475). For details of the RestrScted funds received see note 17. Page 26
SCOUTSCYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 4. INCOME FROM INVESTMENTS Total funds 2025 Total funds 2024 Unrestrlrted fvnds Restrlcted funds Income from listed investments Interest receivable 8.964 8,964 7,489 16.453 7,158 6,543 13,701 16N53 5. EXPENDITURE ON RAISING FUNDS Direct staff costs Support staff costs Other 5UPPOrt Depre- ciation 2025 Total 2024 Total Other Fundraising costs Investment management I724 4.834 40 22,398 2,883 25.281 20,453 2,699 23,152 2.883 2,883 I724 4,834 6. EXPENDITURE ON CHARITABLE AcfiviTIES Dlrect staff costs Support stsff costs Other support Costs Other Dirert Costs Depre- clatlon 2025 Total 2024 Total Adult support and training Development of Scoutlng Youth Programme & Actlvitles Support and services to Scouting in Wales Activity Teams & Mountain Trainingl Residential Centres Governance costs 26,979 20,235 14,603 64,254 4,028 17,724 11,800 38,249 34 57,444 140,610 53,693 119,477 6.745 70,095 19,335 106,391 162 202,728 396,436 80.938 64,254 17,724 50,763 213,827 182,724 2,921 58,412 274,539 805 16,112 75,728 88,528 13,336 309,067 17.432 135 18,059 109.686 87.995 812,290 113,717 88,291 954,338 134,897 £841 of the Youth Programme & Activities are shown under restricted fvnds on page 34 Page 27
SCOLrrscYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 EXPENDITURE ON CHARITABLE ACTIVITIES (contlnued) Included within the "Other Direct Costs" Development of Scouting costs above are £13,616 (2024." £3,967) of grants paid from the Scoutscymru Grant Fund to Scout Group5, Districts and Areas in Wales during 2024125 (see note 16). Further details of the applications supported during the year are as follows: Subfund Total awarded Number of Institutlons supported 16 New section fund Inclusive Scouting fund Capital & Equipment Fund Adult Support fund Small Grants fund Previous awards withdrawn 3,200 10,066 750 {41X)) 13,616 23 In addition, a £2,OCM) intra-scoutscymru grant was paid from the Capital & Equipment subfund to Bushscout Cymru during the year. 7. NEf INCOME/(EXPENDITURE) FOR THE YEAR This is stated after charging: 2025 2024 Depreciation of tangible fixed assets Auditors, remuneration Operating lease costs 18,100 10,800 19.575 15,449 9,600 19,199 ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES Staff costs were as follows: 2025 2024 Wages and salaries Social security costs Pension costs 370,834 31,755 19.549 422,138 317,274 25,371 22,406 365,051 Pa8e 28
SCOUTSCYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 8. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES (continued) The number of employees whose annual remuneration was more than £60,000 is as follows: 2025 Number 2024 Number £60,(J)1- £70,C()O During the year, no Trustees received any remuneration {2024: £NIL) or any benefits in kind (2024: £NIL}. During the year 712024: 5) Trustees received £605 reimbursement of travel expenses12024: £1,091). The total expenses waived by the trustees during 2024/25 are considered immaterial and so not calculated. Key Management Personnel As detailed in the Trustees, report, during 2024125 the key management personnel of the charity was the Chlef Executive. During 2024125 the total employee benefits (including salary, employers, national insurance, pension and benefits in kind) of the key management personnel of the charity were £70,341 12024: £53,304). 9. STAFF NUMBERS The average monthly number of employees during the year was as follows: 2025 No 2024 No Mana8ement and administration Scouting Support Officer5 12 12 Page 29
SCOUTSCYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. TANGIBLE FIXED ASSETS Fixtures. flttlngs and equipment Structural Improve- ments Land and buildings Total At l April 2024 Additions Disposals At 31 March 2025 92.626 79,453 20,842 (686) 99.609 272,625 3,969 444.704 24,811 {686) 468,829 92.626 276,594 Depreciation At l April 2024 Charge for the year Disposals At 31 March 2025 44,922 1.852 70,504 6,636 (686) 76.454 217,924 9.611 333,350 18,099 (686) 350,763 46,774 227.535 Net book value At 31 March 2025 45,852 23.155 49,059 118.066 At 31 March 2024 47,704 8.947 54,705 111,356 Included within the net book value of land and buildings is £45,852 relating to freehold land and buildings, £1 relating to long term leasehold land and buildings and £nil relating to short term leasehold land and buildings. Yr Hafod (leasehold} and Cornel (freehold) 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 respectively. 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 mayonly be used forscouting purposes and therefore has no market value. The write off amounted to £30,553. Page 30
SCOUTSCYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. FIXED ASSET INVESTMENTS Collective investment funds Market value at l April 2024 Additions Dtsposals Unrealised gain51{losses) (revaluations) Realised losses Market Value at 31 March 2025 41)0,956 97,215 (100,880) {26.326) 14,848 385.813 Historic cost At 31 March 2025 369,609 At 31 March 2024 373,344 Of the investments £81,02212023.. £20,225) are held in overseas equity collective investment funds, which are all traded on the London Stock Exchange. The investrnents portfolio includes the following categories of investments that individually account for more than 5Yo of the total investments at the year- end: 2025 2024 UK equities UK direct equitie5 Other Sterling fixed interest Asia Pacific equities North American equities Global Investments 48,728 42,182 73,950 20,225 74,576 19,918 61,104 141,414 210,765 12. STOCKS 2025 2024 Finished goods and goods for resale 11.088 7,378 13. DEBTORS 2025 2024 Trade debtors Prepayments and accrued income 729.477 33.920 763.397 688,489 58,281 746,770 Page 31
SCOUTSCYMRU NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. CREDITORS 2025 2024 Due wlthln one year: Trade creditors Other creditors Accruals and deferred income 6,021 273,532 599,237 878,790 1,500 238,862 605,721 846,083 During 2024125 Deferred Income relates to Area Census fees, Mountain Training/Activity team booking fees and event participant fees IAII Wales Cub Fun Day 2025 and Awesome 2025) received in advance and which relate to a future financial period. 15. COMMITMENTS There were no capitsl commitments at the end of either financial year. At 31 March 2025, the total future minimum lease payments under non-cancellable operating leases for each of the following periods are: Land and buildlngs 2025 2024 Other 2025 2024 Expiry date: Within one year Within 2-5 years Over 5 years 17,793 56,596 17,793 71,172 3,217 92,182 1,782 3,419 1,683 4,221 503 6,407 74,389 5,201 Page 32
SCOlffSCYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. UNRESTRICTED FUNDS At31 March 2025 At l April 2024 Galns/ (losses) Income Expenditure Transfers Deslgnated funds Scoutscymru Grants Fund Activities fund 107,477 11.534 119,011 (13.616) (2.000) 14.019 12.019 91,861 25,553 117A14 {13.616) General funds Scoutscymru SWAT 664,686 7,266 708.770 42A79 (717.IfA)I (30.7181 {17.248) 3229 (11.478) 627,570 22.256 Cornel scout Centre Yr Hafod Tralnlng Centre Bushscout Cymru 93,288 37,757 (27,2941 103,751 58,624 1,105 824,969 51,084 9,966 850,056 (38,1921 (9,749) (823,113) 71,516 3,322 828A15 2000 (12,019) {11,478) Total funds 943,980 850,056 (836,7291 {11.478) 945.829 The general unrestricted funds are held to promote and develop Scoutlng In Wales. The Scoutscymru Grants Fund opened to applicationsfrom Groups, Districts and Areas In Wales from l April 2018. See Note 6 for details of grants paid during the year. The Activities fund ring fences surplus funds from Scoutscymru events/activities (such as All Wales Scout Camp, Cub Fun Day, AWESOME etc.). Future All Wales activities and events can then apply to the Board of Trustees for access to these funds as part of their budgeting process. Prior ear At31 March 2024 At l April 2023 Gains/ (losses} Income Expenditu Transfers Designated funds Scoutscymru Grants Fund Actlvltles fund 111,444 23,921 135,365 (3,967) 107,477 11,534 119,011 (12,387) (12,387) (3,967) Page 33
SCOUTSCYMRU NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2025 General funds Scoutscymru SWAT Cornel Scout Centre Yr Hafod Training Centre Bushscout Cymru 608,458 5,801 878,237 20,879 {862,819) {19,414) 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) {13,669) {973,127) 58,624 1,105 824,969 12,387 28,423 Total funds 902,785 989,866 {977,094) 28,423 943,980 17. RESTRICTED FUNDS At31 March 2025 At l April 2024 Gains/ (losses) Income Expenditure Transfers Restricted funds 32,432 32,432 {841) (841) 31.591 31.591 Scoutscymru has received external Taith grant funding to provide a number of Explorer Scouts across Wales the opportunity to take part in an international exchange programme in August 2025. The young people will complete their Explorer Belt award, a prestigious international Scouting Award. It is gained by taking part in a challenging expedition, while demonstrating teamwork, cultural exploration and personal development. Prior At31 March 2024 At l April 2023 Gains/ (losses) Income Expenditure Transfers Restricted funds Mission To Seafarers 396 396 (3961 (396} Page 34
scoirrscYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. STATEMENT OF FUNDS At31 March 2025 At l April 2024 Gains/ (losses) Income Expendlture Transfer Designated funds General funds 119,011 824,969 943,980 (13.616) (823.113) (836.729) (841) (83770) 12,019 {12,019) 117A14 828A15 94529 3191 977,420 850,056 850,056 32,432 882,488 (11,478) (11,478) Restricted funds 943,980 (11,478) Prior At31 March 2024 At l Aprll 2023 Gains/ (losses) Income Expendlture Transfer Designated funds General funds 135,365 767,420 902,785 {3,9671 (973,1271 (977,0941 (3961 (977,4901 {12,387} 12,387 119,011 824,969 943,980 989,866 989,866 396 28,423 28,423 Restricted funds 902,785 990,262 28,423 943,980 19. ANALYSIS OF NEf ASSETS BEfwEEN FUNDS Totsl funds 2025 Total funds 2024 Unrestricted funds Restricted funds Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 118,066 385.813 1.320.740 (878,790) 945,829 118.066 385.813 1.352.331 (878.790) 977,420 111,356 4(X),956 1,277.751 {846,0831 943,980 31.591 3191 Page 35
SCOUTSCYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 20. RECONCILIATION OF NEf INCOMVIEXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net Income/(expendlture) for the reporting period (as per the Statement of Flnanclal Activities) 33,440 41,195 Adjustmentsfor.. Depreciation charges {Gains}/10sses on investments Dividends, interest and rents from investments (In¢rease)/decrease in stocks {Increase)/decrease in debtors Increase/{decrease} in creditors Net cash provlded by/(used In) operating artivities 18,100 11,478 (16,453) 13,710) (16,627) 32,707 58,935 15,449 (28,423) (13,701) 3,152 120,252 1131,287) 6,637 Anal sis of Cash and Cash E ulvalents Cash at bankand in hand Total Cash and Cash Equlvalents 577,846 577,846 523,603 523,603 21. RELATED PARTY TRANSAcfioNS There were no disclosable related party transactions during the period. Page 36
SCOUTSCYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 22. COMPARATIVE sfATEMENT OF FINANCIAL ACTIVITIES Total funds 2024 Unrestricted funds Restricted funds Note Income and endowments from: Donations and legacies Charitable activities Investments Other income Total Income ond endowments 706 974,861 13,701 598 989,866 706 975.257 13,701 598 990,262 396 396 Expendlture on: Raising funds Charitable activities Total expenditure 23,152 953,942 977,094 23,152 954,338 977,490 396 396 Net gains/(lossesJ on investments Net income/(expenditureJ 16 28,423 41,195 28,423 41,195 Reconciliation of Funds Total funds brought forward rotalfvnds cam"edfvrnard 16,17 18,19 902,785 943,980 902,785 943,980 Page 37