The King George V Memorial Scouts & Guides R¢¢reAtlon#l Lands (The Beaudesert Trust) Reglstered Charity Number.. 522603 Providing recreational and educational activitiesforyoung people"
Tbe Klng George V Memorial Scouts & Cuid¢s Recreational Lands (The Be*ude5ert Trus¢) Financial Accoun¢$ for the year ended 31° Mwrch 2021 Annual Report & Accounts 2020-2021 Th¢ Trustees preseni their 82 Annual Report for the year ended 31M March 2021. The financial statements have been prepared in accordance with the Stsi¢m¢nt of Re¢ommended Practic¢'. A¢¢ounting and Reporting by ChaTiiies preparing their accounts in a¢cordanc¢ with th¢ SORP 2015 Finan¢ial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reportitig Stsndard applicable in the Uuiicd Ku)gdom and Republic of Ireland (FRS 102) and the Charities Act 201
The King George V Memorial Seouts & Guides R¢¢re*tional Land8 IThe Beaudesert Trust) Financial Accounts for the year ended 31. March 2021 Index: Trustees, Report l. Reference inforniation for the chariry 2. Staten)¢nt of Tee5. responsibilities 3. Strn¢tur¢, gov¢rnaDce and ngement 4. Objectiv¢s & ¥tiviti¢s 5. Ackn'evements and perf0rnlCe 6. Financial review fv7 IndependeDt auditor's report 10-12 St#tement of Financial Activities l3 Balance Sheet 14 Statement of cash flows 15 Notes to the FinAiici41 Statements 16-21
The King George V Memorial Scouts & Guides Recre4tionxl Lands (The Beaudesert Trust) RqthofthE fOrtheraled3I. M%h221 TRUSTEES, REPORT The Trustees present their annual report and the audited financial statements for the year ended 31° March 2021. The financial slatements have been prepared lo give a "true and faiv, view in Ordance with the ac¢ounting poli¢ies set out in notes to the accounts and compl}. with the charity's governing documenl th¢ charIts Act 2011 and Accounting and R¢FKTrrting by Chan"ti¢s'. Ststement of Re¢oTnm¢nd¢d Practice applicable to ¢han"ti¢s pr¢panng their accounts in accordance with the Financial RertIng Standard applicabl¢ in the UK and R¢publi¢ of Irelalld published in 0¢ber 2019. l. Reference and administration detall$: The Ksng George V Memorial Scouts & Guides R¢¢r¢ationai Lattds. has a working title of The Beaudesert Tn1. alld is marketed &8 Beaudesen Ouidoor Activity Centre. R¢gister¢d Charity NuTnber.' 522603 Address." Beaudesen Park, Canno¢k Wood, Rugeley, Stsffordshire WS15 4JJ Tel-. 01543 682278, Enuil: athn aud¢s¢rt.or Website.. Mw¥.beaudesert.or Trustees and OtTicers of the cbarity: Ex-officio Trustees: Thc Lord Licuterkant of the County of S¢affordshire". The Chairnian of the County Council of Sthffordshire.. The Cbairnian of the Stsffordshire Brdllch of CPRE.. The Guide County Commissioner for SthffordshiTC: The Scout County Commissioner for S(affordshire: The Guide Counry Commissioner for 'est Mercia.. The Scout Coullty Commi&siou¢r foi West Mercia.. Mr. l Dudson LL, CBE, CSU Cllr. Mrs. K P¢rry. MBE Mrs. M Booth Mrs. A Holrnes ' Mrs. J Brocklehurst * .Mrs. W Cowdry ' Mr. M Bache Elected Trustees: Mr. S Plimmer. Mr. R Turner. Mr. G Roberts * Mr. C Ablitt. Ms. C Parncll ' Mr. S Wood * Mr. J D Cotton DL * Mrs. E Gumb* (Resigned Aug 2020) (Appointed October 2020) (Appoint¢d OctOr 2020) Chairman Tr¢asurer (Appointed Apr 2020) Centre Manager: Mr. N Ruse ' Executive Committee: ail membeTS of the Executive Committee are identified with an
The King Georyt V melnori Scouts & Guldes ReereatlonAI Land5 (rhe Beaudesert TTUStI ke)rtrtheTru9tse$fortheytThkn1 31. IIqArch 2021 (CODt'd) Professional Advisors: Bankers.. Solicitors.. HSBC Pl¢, 53 Anchor Road. AldTidge, West Midland& WS9 9AD Ansons. St Marfs Chatnbers. 5-7 Breathnarkei Str¢¢t, Li¢hfield. Siaffordshire. WS13 6LQ Bradshaws Lt(L ChaTt¢r Court, 2 Well House Barns. Chester Roa Brettow Chester CH4 ODH Chartered Surveyor5.' Boot & Son. 19 Wolverhampton RO2 CannocK Stafforthhire. WSI I Auditors.. tn5urance Brokers: Unity kn5uran¢¢ Seryic¢s. lancing business ParK Lancing. Sussex, BN15 8UG 2. Statement of Tru5tees' respon5ibilitie5 The Ttustees are responsible for preparirkg the Trusiees. Annual Report and the Financiai Sthtemenis in accordallce wilh applicable law and Uniied Kingdom Accounting Stsndards (United Kingdom G¢n¢rally A¢¢¢pi¢d A¢¢ounting Practic¢). The law applicable io charities in England & Wales requires the TrsteeS to prepare financial statements for wach financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and applicalion of resources of the charity for that period. Jn preparing thes¢ finan¢ial statements, the trustees are required to: selcct suitable accounting policics and then apply them consislently. observe the methods and principles in the Charities SORP 2015 (FRS 102). make judgements and estimates that are r¢a50nabl¢ and prudenL siaie whether applicable a¢¢oullting swidards hav¢ been followed, subject io any material departurts disclosed and explaind in the financial 5tateTnents" prepare the fU]CIal stsiements on the going concern basis unless it is inappropriate io presume that the charity will continue in operaiion. The Trustees are resnsible for keeping proper accounting records thai di10$¢ with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial slatements comply with the Chariiies Act 2011, the Charity (Accoullts and Reports) Regulations 2008 and the provisions of the tr$t dttd. They ar¢ also SPOnsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and dei10ll of fraud and othcr iThegularttie5. 3. Stru¢thr< governanc4 #nd man#gemen¢ Schelne of regulation". The Trust op¢rdt¢s under a Scheme of Regulation dating from 6 January 1939, amended 4th March 1977 as aff¢d¢d by furth¢r Srh¢m¢s dai¢d 10 February 2(YM and 19 November 2009. Governance: Thc T1 adopts guidance from the Charity Commission as it is issued, including the Charity Governance Cod¢ issued in September 2017. Governance, policies. and Strategy are reviewed annually at our Trust¢¢ away day.
The King George V Memorixl Scouts & Gulda Re¢re%tional Lands (The Beaude5ert Tru51) ReportrftheTruthfortheyear JI"mCh 2021 (cotrt'd) Organisational structure: Govtrning Body: The appoint and elected Tee5 of the Charity are responsible for th¢ overall control of the TrSE. Executive Committee: Th¢ metDbers of the Executive Committee are responsible for th¢ governance and management of the Trust throughout the y¢ar. including &pproval of the budget and business plan" for setting sttai¢gi¢ directio and for finaiisation of tbe audited aeeounis and Tnjsiees. rep)rt for approval by the A[Ual Meeting of the Board of Trusiees. Management and FinDce subacomm5ttee: The Management and Finance Committee are responsible for approving the budget and any expenditUT¢ outsid¢ th¢ budget. reviewing the perfomwice of th¢ Tn( quanerly,. approval of decisions with a significant itnpacl on budget d¢liv¢ry' #nd r¢vi¢wing all signifi¢ant rS01]ne1 issues and managerial recruitment. Operational manageffjent: The operational management of the TnLSt is the responsibility of th¢ C¢utr¢ Manag¢r and ku"s Matlagemeni team. Recruitment, appointment and training of Trustees: The Charitg5 elected Tntee$ are appointed at the ArU81 Meeting of the Trust on the basis of nominations received from the Executive Commiuee. The policy on recruiting Ttusiees was reviewed in Seplember 2017 and the Executive deterniined ihat it should have a minimum of 10 members with the appropriate range of skn.lls to manage the Trust. and that Executive members have a ierni of service of 4 years. renewable once: with a tern] of setvice for Chairnian and Treasurer of 5 years, renewable once. Our nomination predUre is to adv¢rtis¢ openly for TnLsiees and ihen the applicants are iniervi¢w¢d by the Executive io see who has the skills and knowledg¢ required. Su¢¢¢ssfid applicants are co-opied on to the Executive Committee, and proposed for election at the AGM. New Trustees ar¢ indu¢d into the role of the Trustee and the TnLSt's objectives. prIe$. and busin¢ss plan by th¢ Chairman. Related parties: Beaud¢s¢rt L5 # 5taDd-alone ch8Tity with no related parties, which share its objectives. However. it works closely witb its visitors includin8 local Scouts 4nd Guides. whose 4 CL)unty c0MISsIOnerS are Ex-officio Tntees. Risk Management: The major risks faced by the Trust have been identified and Sessed by the Executive Committee. and systems and pro¢edur¢s establish¢d to manage the risks. The key controls used by the Charity include= ski115 outh"i of the Executive IiDked to Trustee recruitment. b. ternis of ref¢ren¢¢, fonnal ogendas, and minutes for all Committees" forn]al written policies: confiict of interest review at the start of all Governance meeting5: comprehensive strategÉc planniTLg. &8set MgeMent. budgeting & accounting. estsblish¢d organisaiional sttucture and lines of reporting: clear authorisaiion and approval level5- h. financial management and revtew thTougb the Manag¢m¢nt & Finance Committee. v¢tting procedures for Trustees. staff or volunteers including DBS where relevanl. the completion of a cotnpr¢hcnsiv¢ risk register. reviewed annually at our away day.
The Klng George V Memorlal Scouts & Guides Recreational Lands (The Be4ude5ert Trust) RqK>rtof the Tru5teos forthe ye4raMknJ31'MArth 2021 {IYJDt'd) 4. ObJ¢ctlves & Activities Tru$t'$ objt¢t$ a$ listed in our xheme of regulation: The objects of the Trust are the provision in commemorntion of the reign of King Georg¢ V. and for the benefit of the public.. l. to help Scouts. Guides. and other young people. especially bui not exclusively through leisure time a¢tivilies, so &s w develop their Capabilities they may grow to full maturity as inth"vIdua and members of s(xiety' 2. to promote the ¢ons¢rYation, prot¢Cli0 and improvement of the physi¢al and environmeni of Beaudesen Parklands. and to preserve the ruins of Beaudesert Hall. including a Walled Garden and other land, of historic and architectwal iEnportance. Our Aim5: l. To be filled with young people enjoyiDg the outdoors and so develi)ping as individuals and members of society: 2. To help visiting groups make best use of their time with us. 3. To have appropriate. up to dale. and safe buildings and facilities in good repair, 4. To have a range of mod¢tn activili¢s attrnctiv¢ to th¢ rangc of young people acce55ing our site, 50 they can all participate in fun and adi'enture. 5. To dei'elop parklands thai are suitable for young people to explott. and preserve historical fcatur¢s,' 6. To preserv¢ the Old Hall making it Stru¢tUTally sound so that it will continue to stsnd and the public can visit and view it: 7. To be financially secuTe so that all maintetwice and development can b¢ ¢ompl¢ted when T¢quired_ Our Objertive5 and Strategy: l. Safe and secure: to provide the highesi standards of safety in all aspects of the Charity's operations, incluth.ng safeguarth"ng, through appropriate procedures. 2. Governance: to bav¢ strong charity gov¢rnan¢e by meeting all recommendations of the Charity Commission and to be per¢¢ived as a well-run charity. 3. Vi51tor income: to grow income from visiiors through wid¢ning the rdnge of visitors and use in quieter times. wbilsi building a reputstion for fun & advenlure. frtendly service. and clean faeslities; ensuring th¢ price we charge our visiiors generates sufficient income io meet the full costs of operaiing the sil¢. 4. ActitieS. to deliver high quality, reereational aud kdventurous activitie5 that are fun and valued by our visitors through investm¢ni in artivities and well trdined instructors. 5. Estate maintenance: w maintsin and Conserve our buildings and the parkland of Beaudesert as a safe resource. by completing the oneqoff tnaintetwice and then Ma]nLnEng the site through budgeted expenditure. 6. Good employer: to create a working environment thal attracts, retsins and enthuses high ¢alibr¢ ¢mploy¢¢s and volunteers. and to develop the talents of our employ¢es in line with the needs of the Organisaiion. 7. Development plan: to provid¢ an infrastrucwr¢ to deliver good quality residential facilities and a¢iiviti¢s in lin¢ with ¢USiomer expectslion5. and discharges our duty to conserve the Old Hall. 8. Fund-Tai5ing: to rdise funds to sup1 our nmintenance and development pl8n. 9. CommuDieation: to comtnuni¢ate and Iisien to our staff. volunteers & stakeholders on th¢ ¢hallenges and 5ucces5e5 of Beaudesert. and so build support for the strategy of the TNst.
The King Ceorge V Memorial Seout$ & Guides RecreatlonAI Lands (The Beaude5ert Trust) Rwrt of theTnLStees fthey¢T 31'.4qvch 2021 ('d} Longer term •bjective: This 15 encapsulated in our Development plan lo complete all outstanding maintenan¢¢ and refiubishments. invest in new buildings aDd activities to remain comp¢titive. and d1haTge our duty to mainlain the Old Hall" and also to ensur¢ that ongoin8 in¢ome can sustain the maintenance and Competitiveness of th¢ site. The estimated Cost of this plan is £2m, made up of Maintenance catch up (£250k).' Butldings {£I.OOOk)- Activities {£300k)- Parklattds {£200k),' & Old Hall {£250kl. The funds for this will come from the atwual financial surplus plus dedicated fund-raising. Originally we planned to complete this within 10 years by 2028. but th¢ usage of our r¢serves during the Coronavirus pandemic will have pushed back the compl¢tion date. Imp4ct of the Cov5d P#ndetDiC: l. Our aim ihis year has been to survive the Covid pandemic as best that we can so we were ablc to reopen, when possible. wiikn'n th¢ tnontes available io us. This has been a singl¢ fo¢u5 on sutvival, ade possible with grants from our lo¢al Districi Councils, and a Bounce back loan. 2. We tried to maintain ¢mploymeni of OUT staff through fiwloughing. How¢v¢r. in the end we had to make n)xny redundant. 3. We planned our reopening carefully os we only had monies lo do it once. 4. We are now focussed on providing the best possible expenence for our visitors witbin the rrsources we have available. We will slowly expand ow resources su¢h as instructors as our income from bookings covers th¢ Cost. 5. W¢ have a longer term aim to rebuild our finaDces to hav¢ reserv of 6 months of expenditur¢ 50 that we can survive the next pand¢mic. We projcct that the shutdown for coronavin will se up our reserves. which will take around 4 years to rebuild. 6. We will then us¢ our surp1$ to invest in facilities thai youth groups require today, this entails a significani modemisation and impro&'ements to our current faciliti¢s. Our prlncipal activities of the year: l. W¢ Complied w'ith guidelines from both Govrnent and NatioDaI Youth Aswciation whi¢h closed the Park from March 2020 to Sepiember 2020 with only a limited reopening for small group camping and provith.ng outdoor meeting space for local S¢outing and Guiding 0UpS. This was followed by a se¢ond closure from November 2020 with reop¢ning Dol until after the end of the financial year on 1st May 2021. 2. We carried out essential maintenance to ensure the Park would be able to reopen.
The Klng George V Memorlal Scouts & Guldes Re¢rutlonAI Lands (tbe Beaude5ert Trust) RqOrtheTrU for theye4r athj 3lstMrh 2021 (OJTrt'd) Friend$ of Be*udesert". The Friends of Beaud¢s¢rt is an organisation that is open to the public and free to join. it encompasses the local commutiity. volunteers and supporters. In the past year. we have held no Friends aciivities. VoluTrteers: The Trust is comTllitt¢d to promoling volunteering opportunities. On reopening we believe volunieers will provide a significant voluntary laE¥)ur contribution in the fonn of general service and maintenance. a55iStance al 5pecifi¢ events. and volunteering in the shop. 5. A¢hleYements and perfornianee Safety: Wc maintaincd a Strong management of safety within the Tn1 through our closure. meeiing all our statutory safety obligations. InvestmeDt.. W¢ ¢w¢d all inv¢stm¢ui in the site, reserving all monies to survive the pandemie. Vi¥itor5: This year with closures visitor5 were only able to accass the Park in th¢ autumn with limited activilie5 in compliance with Covid guidelines. Relationshlp wlth employee$: With lockdown March 2020 we initially fijrloughed stsff. However, having been ¢losed durtng our main r¢venu¢ earning period there was no optlOD but to make many staff redundant to ensure th¢ survival of The Tru by regular reviewing and cutting of many Costs where possibl¢. Activity Centre Registration: AAL& LOTC, BAPA We are licensed by Adventure Aciis'ities Licensing Sch¢m¢, which insFtcts the safety management system for pmviders of adv¢nttJre a¢tiviti¢S ¢0 young people under the age of 18. We mainiaÉn¢d r¢¢ognition for Learning outside the Classroom and with BAPA. Fundraising: The Trust has been active in fiEndrat5ing in the following manner.. l. We apply to as many gra¢it mth.ng bodies as possiblc linked to our Development plan. 2. A prof¢ssional fidraiSer has noi been used. 3. Fundraising is monitor¢d by the Management & Finance committtt and r¢portd to the Exe¢utik'e. 4. No complaints have been T¢c¢ived regarding fund"SIng. 5. The only approach to the public for fijndraising has b¢¢n donations from the membets of Fri¢nd5 of Beaudesert. No undue pressure has been applied to those members.
Th¢ King George V MemorlAI Seouts & Guides Recreational IAnds (The Beaude5ert Trust) Rep)rt of theTru5e5 fw theye4r amkd Jl,Mvch 2021 (eon¢'d) Pybli¢ benefit: The TnLStees have dis¢harged their duties with due regard to the Charity Commission guidance on public benefit as deiailed here-. l. When not c105ed by Covid guidelines we provide activities that aff benefjcial through providing opportunities for Scouts, Guides and other young people. especially but n exclusiv¢ly through leisure time aciivilies, lo d¢v¢lop their capabilities thai they ttlay grow to full matilty Ls inth"viduais and members of soci¢ty. Thi$ benefit is open to all youth groups and a discoulli is Ven lo eligible clwitable orgamsatsons. 2 By pursuing th¢s¢ aims. the activiti¢s managed by the TnL8ttts have due regard to the Charity Commi55ion's public benefit guidance, and Supplementary public benefit guidance on advancing education and on f¢¢<hIng. 6. Financial review In¢ome from activities: Income for the year wa5 Constrdined by closure of the St during our main revenue earning p¢riod of spring, summer 2020. There was only a limit¢d opening period from I. September 2020 to November 2020 which provided som¢ revenue for the year. Costs". We Constantly revTrewed and n)anaged costs in the year to ensure 5urYival. Costs fell by £367K when compared with 2020.. (£I70K reduced activity costs including catering, wat¢r and heatitig ¢0sts" £160K reduced staff costs and £37K nei oth¢r). Strff costs would hav¢ been further reduced without furlough sUprt. (rec¢ipts of £85K Includ with Grants and Government support) and incurring redundancy costs. Most essential maintenance was ¢aTricd out with the minimum of expenditure being mainly labour ir5ten5ive. We esiimaie £50K pa will be needed for the foreseeable future io ensure cssential one-off repairs arc Completed in a timely ma[er. No Trust¢¢s are pai(L and no employee earned over £(,0) pa. Defi¢it." With a full year of overh¢ad5 yet only Mited revenue for two months there was an operating deficit of £IOOK and a deficit #fter depreciation of £130K' compared io last years sutplus figures of £IOOK and £84 Current ye*r: Coronavirus continues lo provide uncertainty. Planning the r¢op¢ning date of 1st May 2021 was taken after Careful consideration of reopening wsts. iN)okings and Covid guidelines. Residential Covid guidelines l¢S¢ncted many of our bookings for 2021 and many have been deferred to summer of 2022. Most bkIllgs for 2021 have been for day a¢tivities Only so anticipated income for th¢ ¢urreDI year 15 anticipated to be al only 25 /u of the 2020 visitor iA¢ome.
The King George V Memorial Scouts & Guidu ReereationAI L$nds (rhe Beaudesert Trust) Rqxbrtof the Thbtees forthe yearooded31' 2021 {o)nt'd) We ar¢ now focused on providing the besi possible exrienCe for our visitors witbin th¢ resources we have available. We will slowly expand our resou¢S such as illstructors as our income from bookings ¢overs the costs. During the CUTr¢nt year the Trusi agreed an insut3Uf¢ Settlement figure of £49K for a buildin8 ¢on5idered to be pasi repair wknich was received in Augusi 2021. Net a$sets: The Net Asset Sition at 31° March 2021 was represeni¢d by the following main items: Tangible a55els after revaluation iu 2019 were £1.508.625 {2020.. £1,537,934). During the year £nil was incurred on new fixed assets and the depreciation charge w&5 £29.309. Debtors reduced by £27,413 from £44,818 in 2020 10 £17,405. The balance of cash at bank and in hand of £102,243 included £50,000 ff¢eived from the Bounce Ba¢k Loan received January 2021. Creditors falling due witbin one year of £66,529 are down on the figure for previous year £98,758 as deposits beld for fvtUTe ikingS are lower (due to Covid uncertamty) and there was less activity ai the end of the year. creth.tors over one year ar¢ all for the Bounce Back Loan which will be repaid over 9 year5 Gommencing Feb 2022. Reserves Poliey: The Trustees hav¢ established a policy that ihe free reserves of the Charity. should be between four and nine month5 of operdiing COSLS, .hICh provides sufYici¢nt fund5 for the charity lo survive a sigwficant drop in fvnding, or business iDterrupiion. Futu reseryes will b¢ starting from a balance of £1.394 held at 31st M*ch 2021 IDvestment Polfi¢v: Apart from retaining a prudent amount in reserves each y¢ar. mos¢ of the Charity's funds are spent in the short tenn. so there ar¢ lew funds available for long term investm¢nt. Having considered several options available. it was decided to invest any fun¢ls noi required short term in a low risk commercial bank deposit account. The TnteeS continu¢ to review the Charity's investsnen¢ policy annually. IllteTnal controls: An a[Ual budget approved by th¢ Tnte¢s. Appropriate delegation of authority and stgatiOn of duties.
The King George V Memorial Scovts & Gyide8 Recreational Lxods rrbe Beaydttert Tnut) RqKxt rfthe Tr&Aakrlk)Yre11dJA. MaTrh 2021 (cm'd) Privale benefit: The Trust confirtns that it does not proN'ide any F*nefit to pnyate individuals with the excepiions of paym¢nt for liabili(y insuran(x wbich b&$ been authorisrd by the Clwkty CottlllliS5ion in a s¢heme dated F¢bruary 2(XH. The TThstees' report was approved bv th¢ Exetlltive OD IP Ortober 2021 2nd signed on Ibeir behalf bv:_ 4bty Mr J Cotton Chairn]an Mrs E Gi]mb Tre&sureT
Independent Audilor's Report to ihe trustees of The Kthg George V Memorial Scouis & Guides Reere*tional Lands ITkne Beaudesert Trusi) Opinion We have audited the financial statements The King George V Memorial Scouts & Guides Recreatiooal Lands (The Beaudesen Trust) (the 'charity') for the year ended 3 1st March 2021 which comprise the Stateent of Finaa¢ial Activities. th¢ Balance Sheet and notes to the financial statem¢uts, incluthng a summary of signifi¢ont accounting policies. The financial reporting framework that has been applied in their pr¢paration is applicable law and United Kingdom Accouniing Standard4, in¢luding Financial Reporting Standard 102 The Fitwi¢ial Reporting S(andard applicable ID the UK and Republic of Ireland (United Kingdom Generally Accepted Ac¢owiting PrdCtic¢). In our opinion the fllMll¢ial 51atements: give a true and fair view of the state of the ChIty'S affairs as at 31M March 2021, aud of its in¢oming resour¢es and application of resources. for the year th¢n ended. hav¢ been properly prepared in attordance with United Kingdom Generally A¢repted Ac¢ounting Pra¢tice,' and have been prepared in accordance with the r¢quirements of the Charities A 2011. Basls for opinion We condu¢ied our audit in accordance International Standar&s on Auditing (UK) (ISAS (UK)) and appli¢able law. Our responsibilities under those Stsndar(Ls are fijrther d¢scribed in the Auditor's responsibilities for ihe audit of thc financial ststements section of our repon. We are independent of the harity in a¢¢ordance with the ethical requirements thai are relevant lo our audit of the fllwicial stst¢ments in the UK, including thc FRC'S Eth"ical Standar(L and we have firilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evid¢D we have obtained 15 sufficient and appropriaie to provide a b&sis for our opinion. Conclusions relating to goiDE cottcern W¢ have nothing to report in re5peci of the following matters in relation to which the ISAS (UK) require us to report to you where.. the lrnste¢s' use of th¢ going conc¢rn basis of 8¢counting the preparation of the financial statements is not appropriai¢' or the tThstees have not disclosed in the fmancial ststements any identified material uncertainties that may cast significant doubt about the charity's abiliry to ¢ODtsnue to adopi the going concern basis of accounting for a period of & Iwi Nvelve month5 from the date when the financial sthiements 8r¢ authorised for issue. Other information The tnLStees are responsible for th¢ other inf0mll0ll. The other infonnation comprises the iDforn)ation included in the trSt¢¢5' annual r¢port. other than the financial 5ts1ements and our audilor's report thereon. Our opinion on the financial statements does Doi ¢over the other infornll0n except io the exi¢nt otherwis¢ explicitly ststed in our repor4 we do not express any form of assuran¢e Conclusion thereon. Jo
Independent Auditor's Report to tbe trustees or The King C¢oTge V Memorial Scouts & Guides Recreational Lands (Th¢ B¢aud¢sert Trus¢} {¢on¢'d) conlle¢tion 1th our audit of the fllwicial statements. our r¢sponsibility is to read the other inforn)ation and, in doing so, consider wthether the other inforniarion is materially in¢onsistent with the financial ststements or our knowledge obtained in the audii or otherwise appears to be materially isstated. If we identify such material llloon5tellC1e5 or apparent material misstatements, we ar¢ required to detern)ine whether there is a material misstatement in lh¢ fmancial statements or a material misststement of the other infortnalion. If. based on the work we have Ftrfornied. we conclude that there is a material ltal¢m¢t of this other infornt1on. we e required to report that fact. We have nothing to report in this regaTd. Mt¢ers which we are requlred to report by exctption We have nothing to report in respeci of the following matters in relation to wkn'ch the Charities (Accounts and Reports} Regulaiion$ 2008 requirc us to report to you if. in our opinion- the infoTmation given in the fllmncial stai¢m¢uts is incon5islent in any material i¢sp¢ct with the Irust¢¢5' rep)rt.' or suffi¢ient accounting re¢ords hav¢ not been kept: or th¢ financial statements are not in agr¢¢m¢ni with the accounting records. or w¢ have not received all the information #nd Cxplanutions we r4uire for our audit. Responsibilities of trustees As explaincd more fully in the trusiees. re5pon5ibilities statement (sd out on page 2), the tnLSt¢¢s ar¢ responsible for th¢ preparation of financial st&trments which give a true and fair vi¢w, and for such internal control Is the trustee5 deterniine is n¢¢¢ssary to enable the preparation of financial statements thai ar¢ fr¢¢ from material misstsiemeni. whether du¢ to fraud or error. In pr¢paring the financial ststemenLS, the truslees are responsible for asse55ing the charity's ability to oniinue as a going conc¢rn, disclosÈng, as applicabl¢, matters related to going ¢onc¢rn attd using the going concern basis of accounting unless the ttNsiees either intend io liquittstr the charity or to cease operations, or hav¢ no realistic alternative bui io do so. Auditor's respoD$lbUitie5 for ihe audit of the fln¥n¢ial statements We hav¢ been appointed as auditor wjder Section 145 of the ChaTities Act 2011 and reFKrt in a¢¢ordance with regulats'ons made under section 154 of that Act. Ovr objectiv¢s are to obtain reasonable assurance about whether th¢ financial Stsiements as a whol¢ are free from material misstatement, whether du¢ io fraud or error. and to issue an auditor's repon that includes our opinion. Reasonable assuran¢¢ is a high level of assurance, but is not a guarante¢ that an audil conducted in a¢¢ordance with ISAS (UK) will always delect a mat¢ri81 mi55tatement when it ¢xists. Misstatements can aris¢ from fraud or error and ar¢ considered material if. individually or in th¢ aggregate, they could iea50nably be expected to influ¢n¢¢ the economic d¢¢isions of user5 taken on the basis of these financial ststements. As part of an audit in accordance with ISA5 (UK). w¢ ¢x¢r¢ise profe55ional judgmenr and maintain professional 5cepticism throughout the audit. We also..
IndependeDI .4uditor'$ Report to the trustees of Tkne Klng George V memori ScoMi$ & Guides Recreational LaDd$ (The Beaudesert Tru$t} (cont'd) Identify and a55ess the risks of mai¢ri41 misstatement of the financtal statements. whether thie to fraud or error, d¢5ign and perfonn audii procedur¢s re5PODsive to those risks, and obtain audit evidence thai is suffi¢ient and appropriaie th provide a basi5 for our opinion. Th¢ risk of not detecting a material mi&slatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery. intentional omissions, misrep5¢ntatIon3. or the override of internal Control. Obtain an understsnding of inienMI ¢ontrol relevant to the audit in order to design audit pro¢edur¢s that are appropriate in the circumstances. but not for the purpose of expressing an opinion on the cffectiveness of th¢ ¢hatity'5 internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of a¢¢ounling estimates and T¢lai¢d disc105ures made by th¢ trust¢es. Conclude on the appropriaieoess ofthe ITU5tees' use of th¢ going concern b&8is of accounting and. based on the audit evidence Obtaine whether a material uncertainty exists related io events or Conditions that may ¢a5t sigmficant doubt 00 th¢ charity's ability to ¢ontinue as a going ¢oJ¢¢rn. If we conclude that a material uncertaillty exists, we are requir¢d to drdw attention in our auditor's report to the related disclosures in the financial staiements or, if such disclosures are inadquate, to modify our opinion. Our ¢on¢lu5lo are based on the audit evidence obtaiti¢d up to the date of our auditor's report. Howev¢T, futtwe events or coodiiions may cause th¢ clwity to cease to continue as a going concern. Evaluale the overdll presentation. structure and contenl of the financial statements. including the disclosures, and whthher the financial 5tstcments represent the undcrlying transactions and events in a manner thai arhi¢v¢s fair presentaiion. We communicat¢ with those charged with goi'crnance iegarding, among other matL¢rs, the planned scope and timing of the audii and SI1r1¢ant audit findings, including any significant deficiencies in internal control ihai we ideniify during our auth"i. Use of our report This r¢port is made sol¢ly to the chariry's trustees. as a body, in ac¢ordance with Part 4 of the Clwities (Accounts and Reports) Regulatiotks 2008. (hw auth'i work has be¢n undertaken so that we might state to the charity's tsusiees th other purpose. To th atters we are required to state io them ID an auditor's report and for Do tent permitted by law, we do not accept or assume responsibility to anyone o erih cch fortheo d the ¢han"ty's trustees as a body. for our audit worL for this report, or ni we hav¢ Brad$ For and oo beha Chartered A¢¢0 Statutory Auth"to 19 October 2021 A (senior statutory auditor) radsbaThs Limited tsand Charter Court 2, Well Hou5¢ Barns Chestrr Ro Br¢tton, Chester CH4 ODH Bradshaws Ltd is eligible to act &$ an auditor in term5 of s¢¢tion 1212 of the Companies Ad 2(K)6. 12
The K5ng George V Memorial Scouts & Guldes Re¢reation41 Lands (Tbe Beaudesert Trust) STATEMENT OF FINANCIAL ACTIVITIES for the year ending 31" March 2021 2021 2020 Note Uttrtstricted Restricted Funds Funds Tota] Unrestricted Re5triCt¢d Fund5 Fund5 Totsl Incoming from: Donations and gift5 2279 2279 5.850 16.963 Charitable Acts'viti&s 131.948 3,093 135,041 7,925 71)0,925 Investment Income 594 594 Total In¢oming 137 531 712632 718482 Expendlture on: Charitable activities 2),538 7.030 267,568 629,355 4.827 634,182 Total Expenditure 260.538 7.030 267,568 629.355 4,827 634,182 Net income Gains on ievaluatton of fixed assets (126.1(K)) (3.937) (130,037) 83,277 352,(K15 1,023 84,300 352,005 Net movetnent ID funds (126,1) {3.937) (130,037) 435282 1,023 436,305 Reconci]iation of Funds Fund balances brought fonvard at I" April 2020 1.636.119 18,088 1.654207 1.2(M),837 17.065 1217.902 Fllnd b4lances carrled forward 12 t 31" March 2021 1510019 14 151 1524 170 1636 119 18 088 1654207 The not¢$ on pages 16 to 21 form part of these financial statements. 13
The King George V Memoril Seouts & Guides Retr110 LDds (The Beudesert Trust) BALANCE SHEET as at 31" March 2021 2021 2020 fjxed Asyets Tangiblc asseis 1.508.625 lJ37.934 Current assets Stock Dcbtor5 Cash at ballk and ID hand IlJ84 17,405 102243 11.894 44.818 158.319 10 131032 215031 Current liabilities Creditors.. Amounts falling d within on¢ year 29 Net current ets 116273 Totsj ets le55 ¢UTrcttt Ilbllitios 1573.128 1,654207 Cl710r$.. Am(Amts due in more than 12 (48.958) Net Assets 1524.170 1.654207 Represented bv: Cbgrity Funds Restricted fund 17 Unrestricted fund - General FWKI - 12 ncludes revaluation rtserye of £802.388 (2020-. £802.388}. 14,151 18,088 IJIO.019 .636.119 15?4.170 1.6542()7 The finandal stxtemettts wtre pproved by tbt Trnstets ott IP October 2021 and signed on their beh4lf by:_ Jeremey CottTrL DL Chaimian Elth Gumb Tr¢asurer Tbe notes OD pges 16 10 21 fonD of I1 ststsments 14
The King George V Memorial Scout5 & Guides Re¢retioDal Lalld5 (Tbe Beaudesert Trust) STATEMENT OF CASH FLOWS as at 31" March 2021 2021 2020 Notes R¢¢onciliation of op¢r&ting surplus to ttet ¢5b inflow from charitable activlties Operating Surplus Restricted .. Ut]restti¢t¢d (3,937) (235.485) (4.827) 423.575 Movement ID worklng ¢xpit Revaluation Depreciation (tncrease) I decrease in StocLs (352.004) 16.569 {8,708) 29.309 510 (Increase) / deerease in debtors Increase l (decrease) in creditors Deposits on future courses 27.413 (22.530) (10.741) {13,334) (12.682) (23,794) Net cash inflow from chTitable 4ctivitAes (215.461) 24,795 Net fash inflow from Charitable activities (215,461) 24.795 Investment lllcome & doLation5 Returns on inv¢stmeDts and s¢rvicing of finance Donations Government Support Bounc¢ Back Loan 594 16.963 2.279 106.895 50.0 Appli¢4tion of funds Capital Expendilure (48.766) (56,076) (6.414) RecoJ)¢iliation of n¢t cash flow to movement in net fillknjs Decrease I Increase in csh ID the year Net bank position 151 April 2020 Net bank posiiion 31. March 2021 158.319 164,733 io 102,243 158,319 15
The Klttg George V Memorigl Scouts & Guides Recreatioll Ld5 (The Beaudesert Trust) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31" March 2021 A¢countillg policies Basls of prepar*tion and assessment of going concern The #¢counts {fsnaDcial 5tatemeDts) have been prepared under the historical ¢ost convention with items recognised at cost or transaction value unless oihenvise stated in the r¢l¢vant notes to these ac¢ounts. The financial statements have been prepared in accordance with th¢ Stsi¢ment of Reconunended Practice.. A¢¢ouuting and R¢porting by Charities preparing their accounts in a¢¢ordanc¢ with ihe SORP 2015 Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) Issued on 16 July 2014 and ihe Financial Reporting Standard appli¢abl¢ in th¢ Unit¢d kn"ngdom and Republic of Irela[ (FRS 102) and the Charits'es Act 2011. The tnjst constitut¢s a public benefit entity as defjned by FRS 102. The TnLSt¢es consider that there are no uncertainties about th¢ Trust's ability to continue as a going concern over the n¢xt twelve months. Depreciation All the fixed assets are used for the direct fi]rth¢ranc¢ of the Charitys activities. Depr¢¢iatson Is calculated to TIte off the costs of lanble fixed ets over their expe¢t¢d usefi ¢¢onomic lives using the following rntes:_ Freehold buildings- 2•/0 per annum straight line EquipmeDI- I/0 per annum strnight lin¢ Trustees have reflected in thes¢ Financial Accounts a valuation of the iDali¢nabl¢ asset of the land. An Cstimated valuation of £850,000 h&8 been placed OD this land following th¢ valuation in D¢¢¢mber 2019 by Boot & Son.. Fund accountlug General fijnds are wirestricted funds which are available for use at the discretion of th¢ trustees in furtherance of rhe general objectives of the Chariry and which have noi been designated for oth¢r purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular PUTPOSes. The aim and use of each de5iwied fund is set out in the notes to the fllwicial statements. Restricted funds are funds which are to be used in accordan¢e with specific restriciions imposed by donors or w.hich hav¢ b¢¢n raised by the Clwi'ty for particular purposes. The ¢ost of raising and a(Iminist¢ring su¢h funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notrs ¢0 the financial ststements. IDCDmin2 resources All in¢oming resources are included in the SOFA when th¢ Charity is legally entilled to the income and th¢ amount can be quantified with r¢asonable acc¥Jracy. For lega¢i¢s. ¢ntitlement is the earlier of ihe Charity being notified of an tmpending distribution or the legacy being received. Gifts in kind donated for distribution are included at valuaiion and recognised as income when they are dÈstribuied to the proj¢¢ts. Gifts donated for resale ar¢ included as income whcn they are sold. Donated facilities are included ai the valu¢ to the Charity where this wi be quantifi¢d and a third party is bearing the c05t. No amounts are included in the fukancial statements for services donaied by volunlcers. All grants ar¢ ¢unICd for gross when Tcceivable. Grants payable are recowsed as exp¢ndintre when the commitment is ¢nter¢d into. 16
The King George V Memor1 S¢outs & Guides Recreadonal Lands (The Be#udesert Trn$t) NOTES TO THE FINANCIAL STATEMENTS (cont'd) For the year ended 31" March 2021 At¢ouDt5ng policie5 (cont'd) Resour¢es eipended All expenditure is accounted for on an accruals basis and has been ¢ISIfied under headings that aggrcgate all costs related to the cat¢gory. Where costs canno( be direcdy attributed to particular headings they have been allocaied ro aciivÉlies on a basis consislent with use of the resources. Fund-raising costs are those incutred in seeking voluntary Contributions and do not include the costs of dissffliinating inforn]ation in supwrt of the chan"table activities. Support ¢OSLS ar¢ those costs incurred directly in 5UPPOrt of expenditure on the objects of the Charity and in¢lude project managcment. Management and administration costs are thos¢ in¢urr¢d in CODnection with administration of the CTrwity and compliance with COlIUtioIl alld statutory requirements. Sto¢ks Stock5 are valued at the lower of ¢051 and net realisable value. after making due allowan for obsolele and slow moving it¢ms. Penslon Contributions lo dered contribution plans are recognised a5 an expen in the period kn which the related servire is provided. Prepaid conttibulion5 are recognised as an ass¢t to the exlent that the prepaymetst wll lead to a reduction in fUne payu)¢nts or a cash refjjll Unrestricted Restricted Fund$ Funds TO Unrestricted Restricted 2021 Funds Funds Totsl 2020 Donatlon$ #nd gifts Donations and Gift Aid A¢tivities 2279 2.279 11.113 5.850 16,963 Ullrestrieted Restri¢1 Totsi Unrestricted Restricted Funds Funds 2021 Funds Totsl 2020 Bank iDtere5t 594 594 17
The King George V Memorial Scouts & Guides RecreatioDal Lands (The Beaudesert Trust) NOTES TO THE FINANCIAL STATEMENTS (cont'd) For the year ended 31" March 2021 Income of the Trust Unrestricted Restrkted Tot*1 Utrestticted Restricted FuDds Flld$ 2021 Funds Funds Total 2020 Grants & Government Support Fees, Facilities and Activities Other incorne 106,895 106,895 18,348 6,705 18,348 9,798 594.682 106243 594,682 106,243 3.093 Charitable a£tiTriti¢s Unrestricted Restricted Funds Funds Totsl Unrestrided Restricted 2021 Funds Funds Totsl 2020 Staff costs H¢at and lighi Repairs and renewals A¢iivity experLses Estate managemenl Rates and water Telephone post aThd Stationery Retail and Catering costs Insurance Trdvel and subsist¢n¢e Depreciation Legal and professional fees Auditors Fees Oiher costs Bank charges 153,004 8282 12,024 13244 10.100 5.525 2.346 4,469 157.473 8.282 12.024 13244 10.950 5.525 2.346 315,049 31.969 26.583 82.624 23,541 18.3 2.046 317,095 31.969 26,583 .013 83.637 23.541 18.300 8.406 850 1.987 19,088 207 27,598 501 1,987 19.088 207 29.309 501 64,520 17.688 811 14.801 11.359 64,520 17.688 811 1.768 16,569 11,359 2.500 3,284 848 2.500 3,284 2,530 7.110 4,064 2,530 7,110 Staff numbers and C(ts The key mallagement personnel of the ¢harity ¢ompri5e the manag¢rs in charge of the ¢cnt¢r. guest services 2nd health & safety. The total employee benefits of the k¢y management personnel of the Trust were £55,969 {2020.. £60.675). No employee of the charlty r¢¢eiY¢d emoluments of more than £6A),(XK> (2020.. none). During the year the average monthly head ¢ount w&5 14 employees (2020.. 15). No employee received ¢moluments of moTe than £60,0(KI. The costs to the Charity were: 2021 2020 149.569 293,682 3,458 14.852 8.561 Wages and salaries Social s¢¢urity costs Pension costs 18
The King George V Memoril Scouts & Guldes Re¢retion•] Lands (The B¢audesert Trust) NOTES TO THE FINANCIAL ST.4TEMEIYTS (cont'd) For the year ended 31" March 2021 Trustees, remMner4tiott lld expenses None of the Truslees received any remunerntion for services to the Tnjst. Expenses incurred by Trustees on b¢half of the Trust were often fi¢d ¢0 the TrusL TxDgible fixed ss¢ts Freehold Ld and buildlngs Plant And Equipment Total Cost or valuation. At I" April 2020 Additions Revaluation As ai 31'March 2021 1.5(KI.CKKI 260,264 1.760264 Depreciation At I. April 2020 6.411 215.919 222.330 Charge for the year Relsed on revaluation 9,309 29,309 At 3 1st March 2021 225 228 251639 Net book value AI31YMar¢h2021 1.473,589 35.306 1.508.625 At 3 1st Mawh 2020 1.493,589 44,345 1.537,934 In order to comply with the PTovisions of the SORP 2015 Accounting and RertIng by Charities (FRS 1021 the Trustees have reflecied in thcs¢ Financial A¢¢ounts a valuation of the land and buildings. In December 2019 the grounds and buildings of the trusi were revalued on an open market ba5]5 valuaiion at £1.5m by Booi & Son. Independent Chartered Surv¢yors. of Cannock. Stsffs. The historical cost of the land and buildings (included in the financial statements at valuation) is £697,322. (2020: £697,322). This represents th¢ costs incurred by the charity since the lands were donated to it aud no cost is atttibuted the original lands 19
The King George V Memorial Scouts & Guides Recreatlonal Lands (The Beaudesert Trust) NOTES TO THE FINANCIAL STATEMENTS (cont'd) For the year ended 31" March 2021 Debtors 2021 2020 Trade debtors Other debtors Prepayments 2,098 3,818 4,478 20,500 io Cash at bank and Ill hand Bank accounts 102 li Creditors- #mounts falllng due vlithin one year 2021 2020 Trade creditors Taxation & Social Securtty Deposit for futur¢ activiii£s Accurals Bounce Back Loan 1.276 14.817 10,435 68,133 5,374 57.392 4.910 758 12 Creditors- amounts falling due mor¢ than one year 2021 2020 Bounce Back tA)an 13 All*lysis of net 4sstts betwe¢n funds Unrestrirted Restricted Funds Funds Total FuDds Fund b8lances at 31° March 2021 ar¢ represented by: Tanble red assets Current assets Less Current liabiliti&s Less.. Creditors thie in more than l year 1.497,717 127,789 (66,529) (48.958) 10.908 3243 1,508,625 131,032 {66,529) (48,958) 1510019 1524 170 14 Capltal ¢ommitments There wffe llo capital con)n)itments authorised or contract for at the year-end. 15 Taxation The Charity is exempt from tation on any iD¢ome or capitsl gains. 20
NOTES TO THE FINANCIAL STATE,MENTS (cont'd) For the year ended 31" March 2021 16 Control The Charity is under the control of the Tnw¢¢s. 17 Restrleted funds Opening B%lan¢e Net lttcoming Resource5 Transfers Closlng Balince Cal Day Ar¢h¢ry Range Pedal Karts Alpine Barn Project Climbing Wail Reception Renovatio8 Gras5 Sledging SSCE Community Foundation Teni¢d village CB & HH Taylor {2.000) (333) (204) (935) 1.243 (1,477) 923 {400) {254) {500> 6,000 1.668 2,001 204 935 2,243 376 2,318 1,853 1.395 1,800 5(M) 1,546 37 Restricted funds Most of the funds received have bttn expended on capital projects where th¢y are being depreciaied ov¢r a icn year period. 21