The Klng George V Memori#l Scouts & Cuides Recreational Land$ (The Beaude5ert Trust) Registered Charity Numbgr. 522603 Providing recreational and educational activitiesfor young people"
The King George V Mernorial Scouts & Guldes Re¢re*tlonal L#nd$ (The Beaudesert Trust) Flnan¢lal Accounts for the year ended 31- Mar¢h 2022 Annual Report & Accounts 2021-2022 The Tntslees present their 83° Annual Report for the year ended 31$1 March 2022. The financial staiemenis havc been prepared in accordan¢¢ with the Sement of Recommend¢d Practice.. Accounting and Reporting by CIwi(ies pr¢paring thcir accounts in accordanc¢ with the SORP 2019 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kgdorn and Republic of Ir¢land (FRS 102) and the Charities A¢t 2011.
The Klng George V Memorlal Seouts & Guides Recre8tioDal Lands (Tbe Beaudesert Trust) Flnancial Accounts for the ye4r eDded 31° March 2022 Index: Trusttts. Report l. Reference infomiation for the charity 2. Staiemeni of TnJst¢¢s' r¢sponsibilitias 3. StCtsre. governance and geMent 4. Objectives & activilies 5. A¢hievem¢nts and perfonnan¢e 6. Finan¢ial review 4k6 6-7 IDdependeDt Examiner's Report io Statement of Financial Activities Balance Sheet 12 Statement of casb flow5 13 Notes to tbe Fillanci S¢atetneDts 14>20
The King George V Memorial Scouts & Guldu Re¢retiona] LDds (Tbe Beaude5ert Trust) TRUSTEES, REPORT The Ttwtees present their annual [¢)rt and the financial statements for the year ended 31° March 2022. l. RefereDee alld administration detalls: The King Georg¢ V Memorial Scouts & Guidc5 Recrvdtional Lan(ts, has a working titl¢ of The B¢audcsert Trust, and is marketed as Beaudesert Outdoor Activiry Centr¢. R¢gistered Charity Number: 522603 Address.. B¢audesert Parl calOrk Wood. Rugeley, Staffordshire WSI 5 4JJ Tel= 01543 682278. Email: admin audesert. Wcbsite.. www.beau ¢s¢rt.or Trustees and oifi¢ers of the charity.. Ex-officio Trustees: The Lord Lieutenant of the County of Staffordshir¢'. The Chairtnan of the Counry Council of S(affordshire.' The Chairtnan of the Staffordshire Brdnch of CPRE: The Guid¢ County Con)missioner for Staffordshire: The Scout County Commi&8ioner for Staffordsbir¢'. The Guide County Commissioner for West Mercia: Th¢ Scoui County Comniissioner foi West Mercia.. l Dud50n LL, CBE. KS Cllr. Mr P Snape Va¢ant Mrs. A Holmes ' Mrs. J Brocklehurst * Mrs. W Cowdry ' M Ba¢he ' Elected Tru$tees". Mr. S Plimmer ' Mr. G Roberts Mr. C Ablitt • Ms. C Parnell * Mr. S Wood ' Mr. J D Cottoth DL * Mrs. E Gutnb (Resign¢d Oci 2021) (Resigned March 2022) CbairnL Treasurer Centre MDager: Mr. N Ruse Exeeutive Committee: all memb¢rs of the Executive Committee are identifi¢d with an
The King George V MemoTlal Scouts & Gvldes Recreational L2nds {The Beaudesert Trust) Rep)rt of theTTU5teos fortheyegr¥th131"March 2022 (LTht'd) Profes$lonal Advisors: Bankers.. HSBC Pl¢. 53 Anchor Road. Aldridg¢, West Midlands, WS9 9AD Ansons. Si Mary's Chambers. 5-7 Breadmarket Streei. Lichfield. Staffordshire. WS13 6LQ Solicitors.. Independent Exatllincrs.. Brndshaws Ltd Charter Courl 2 Well House Barn5. Chester Roa Bretton. Chester CH4 ODH cltered Surveyors.. B( & Son. 19 Wolverhampton RoaQ Car0¢ Stsffordshire, WSI I IAH Unity In5ufdn¢¢ Services. Lancing business Park, tan¢Éng. Sussex. Insurance Brokers: BN15 8UG 2. Statement of Trnstees. responslbilities Th¢ Trustees are responsiblc for preparing the Tees. Annual Report and the Financi81 Statements in (ordanCe with applicable law and United KgdOrn Accoullting Standards (Unit¢d Kingdon) Gen¢rally Accepted Aceounting Practice). The law applicablc to charities in England & Wales requires the Tntee$ to Prepa financial statements for each financial year which gtve a true and fair view of the stsie of affair5 of the charity and of the incoming resour¢es and application of resources of the ehaTity for that period. In preparing th¢s¢ financial staiem¢nts, the tNstees are r¢quired to.. select suitabl¢ a¢couniing policies and then apply them consistently. observe the Meth< and principles in the Charities SORP 2019 (FRS 102). make judgements and ¢stIDteS that ar¢ r¢asonable aod pruden( state wheth¢r applicable accounting swidards have been followed. subject to any material dcpartures disclos¢d and explained in the fmancial statements; e. prepare the financial statem¢llts OD the going ¢oncern basis un1¢55 it is inappropriate to presume that ihe charity will continue in op¢rntion. The Trnste¢s are responsibl¢ for keeping prow accounting records that disclose with reasonable accuracy at any time the fiuancial position of the Chariry and enable them 10 ensure that the financial Statements GQTnply with the Charities Aci 2011. the Chariry (Accounts and Repons) Regulations 2008 and the provisions of the trust deed. They are also re5tL81bl¢ for safeguarding the assets of the charity and hence for tsking reasonabl¢ steps for the pr¢vention and d¢t¢ction of fraud and other iTregularities. 3. Structurei governance, and mansgement Scheme of re8ul¥tion: The Trust opernies under a Scheme of Regulation dating from 6th January 1939. llmended 4tb March 1977 as affected by fuTth¢r Schemes dat¢d 10 Febnjary 2004 and 19 November 2009. Governance: The Trusl adopts guidance from the Clwity Commission as il is issued, including the Chartty Governance Code issued in Sepiember 2017. Govemance, w)licie5, and Strdtegy are review annually at our Truste¢ away day.
Tb¢ King George V Memorial Scouts & Guides Recreation LDd$ (The Beaudesert Trust) Rep)rt of theTne¢s fortheywetht31'Marth 2022 (CODt'd) Orgalli$ational Structure: Governing Body: The appointed and elecied Tntee$ of th¢ ChaTity are responsible for the overall control of the Trust. Extclltivt Committee: The mem1$ of the Ex¢¢utiv¢ Committee are rc5pon5iblc for the governance and management of rhe Trust ihmughout the year, including approval of the budget and business plan. for setting strat¢gi¢ dircclion. and for fmalisation of the accoullts alld Trust¢¢s' report for approval by the A[Ual Meeting of the Board of Tnjstees. Management and Finance sub40mmitte¢: Th¢ Management and Finance Committee are r¢sponsible for approving the budget and any expendinwe outside the budget,. reviewing tbe perfomiance of the quarterly. approval of decisions with a signifi¢ant impact on budgct delivery", and t¢viewing all significant personnel issues and manag¢rial re¢TUitment. Operational management: Th¢ 0ratIonal management of the Tn is the responsibility of Ihe Centre Manager and his Managetnent kn. RecruitmenL appointmenl #nd traiDing of Trustees: The Charity's elected Tnl¢¢S are appointed at the Annual Meeting of the Trust on the basis of nomination5 received from the Executive Cofflmittee_ The policy on recnkiting Trustees was reviewed in S¢pt¢mber 2017 aDd the Executive determined that it should have a minimum of10 members with the apprgpriate range of skills io manage the Trust. and that Executive memb¢rs have a temi of service of 4 years, renewable once. wilh a teTm of service for Chairn]an and Tr¢asurer of 5 years, renewable once. OUT nomination PredUre is to advertise openly for TTUStees and then the appli¢ants are interviewed by the Executive io see who has the skills and knowledge required. Successful applicants are co-opted on to the Executive Committee. and proposed for election at the AGM. New Trustees are inducted into the role of the Trustee and the Trust's objectives. procedures. and busiuess plan by the Chairn. Related parties: Beaudes¢rt is a stand-alone chariry with no related parties. whi¢h shxre its objectives. How¢vv, it works c105ely witb its visitors including local Scouts and Guides, whose 4 County Cotnmissioners are Ex-Offi¢io Trustees. Rlsk manageet. The tnajor risks faced by th¢ T1 have been identified and assessed by th¢ Executive ComTnitlee. and systems and pr¢Kedures estsblished io manage the risks. The key ¢ontrols used by the Charity include.. skills audit of the Executiv¢ linked to TDJStee recrnitm¢nt. b. t¢rms of reference. fomvdl agendas. and minutes for all Commiltees" foTtnal written policies. conflict of interest review at th¢ stsrt of all Governance me¢tings' compr¢hensive 5trdiegic platming, Lssei managemenL budgeting & accounting. estsblished organisational stTUCtur¢ and linc5 of reporting. clear authorisation and approval levels,. h. financial tnanagemetkt and review through the Management & Financc Committee" veiting proc¢dure5 for TrSte¢s. stsff or volunteers including DBS where relevant" the compl¢tion of a comprehensive risk r¢yJster, reviewed anrtually at our away day.
The King George V Vlemorial Scouts & Guides Re¢reational Lands (The Bcaude5ert Trust) Rep)rtof theThe¢s fortheyear ethJ31'MaTth 2022 {o)Dt'd) 4. Objectivu & Activities Trust's objects as listed ltt our $eheme of reglatiOn. The objects of the Trust are th¢ provision in commemoration of the reign of King G¢orge V, and for the benefit of ihe public.. lo help Scouts, Guides, and other young people. ¢$IallY but not ex¢lusively througb leisure time aclivities, so as to develop their capabilities that they may grow to full maturity as iudividuals and membcrs of society,. to promote the conservation. pr0ction. and improvement of th¢ physi¢al and natural enviroT]m¢nt of B¢aude5ert Parklands. and to preserve the rnins of Beaudesen Hall, in¢luding a Walled Garden and other land of Listoric and archit¢ctural importancc. OUT Aim5: l. To be filled with young people enjoying the OuT$ and 50 developing as individuals and Tnembers of 50ciety.' 2. To help visiting groups make best vse of thetr time with $. 3. To have appropriate. up io dale, and safe builth"ng5 and facilities in good repair. 4. To have a range of mod¢rn activities attractii'e to the range of young people accessing our site, so they ean all participate in fun and adventure. 5. To develop parklanth that ar¢ suitabl¢ for young people to explore. and preserve historical features.. 6. To preserve the Old Hall making it Structtwally sound so that it will Continue io staDd and the publi¢ ¢an visit aDd view it. 7. To be financially secur¢ so thai all mainlenance and dev¢lopmenl can be completed when required. Our Objectives alld Strategy: l. Safe and secure: to provid¢ the highest 5tandard8 of saf¢ty in all aspects of the Charity's operations, including safeguarding. through appropriate procedures. 2. Governance: to have strong chariry governance by meeting ail recommendaiions of the Charity Commission at)d to b¢ p¢rceived as a well-tun ¢hatity. 3. VisitOT incorne: to grow income from vi51tors througb widening the range of visitors and use in qui¢ter times. whilst building a r¢put8rion for fun & adventure, friendly service, and ¢lean facilitie5" en5Uting the price we charge our visitor5 g¢n¢rnies sufficient income to m¢¢t th¢ full costs of operating the sit¢. 4. A¢tlvities". lo deliver high quality. recreational and adv¢anwous activities that ar¢ and valued by our visitors thmugh investment in aaivities and well trained inStnto[s. 5. Estate mainttuance: to maintain and ¢on5crvc our buildings and the parkland of Beaudes¢n as a safe resource. by compl¢ting the one-off maint¢n4nce and then maintaitiing the site ihrough budgeted expendilwe. 6. Good employer: 10 create a working environvnent that attrdCLS, f¢tsins and enthuses high calibre employees and voluntrers. and to d¢v¢lop the thlents of our ¢mployees ID line with the n¢¢ds of the Organisation. 7. Developmeot pln: lo provide an infrtrUctUre to deliver good quality TesideDtial facilities and activities in liD¢ with cu51omer expectations. and discharges our duty ¢0 ¢on5erve the Old Hall. 8. Fund-raising: io raise fijnds to support our maintenance and developmen¢ plan. 9. Communication: to communicate and listen io our staff, volunteers & stak¢holders on the challenges and 5CesseS of Beaudesery and so build support for th¢ strntegy of the TTUSt.
The King George V Memori41 Scouts & Guides Recre4t6onal Lands (The Beaudesert Trust) Rqmbrtof ts TrUsteITtheYCarfknIj1.MarthII?12 ((ollt'd) Longer term objective: This is encapsulaied in our Development plan to complete all outstanding maintenance and refurbislunents, invest in new buildings and activities to remain competitive. and discharge our duty lo maintsin the Old Hall.. and also to ensure that ongoing income can sustain the maintenan¢e and ¢ompetitiveness of the site. The estimaled cost of thi5 plan is £2m, made up of Maintenance caich up {£250k)' Building5 (£I,OOOk)' Activities (£300k)- Parklands (£200k),' & Old Hall {£250k). The fidS for this will come from the annual financial surplus plus dedicated fund-raising. The losse5 incurred and depletion of our reserves during the Coronavirus pandemic has pusbed back the CoMpl10n dale- it is lthely lo takc 3 years to rebuild reserves. before there will any significant moni&8 availabl¢ to restart thi.s investment programme. Impact of the Covid P*ndeml¢: l. We sutvived the pand¢mic although our reseryes have been depleted. 2. As soon as government r¢strictions allowed. we have seen visitors con)in8 bacK and w¢ believe that normal levels will be &ttained in summer 2023. 3. We have had a major clhallenge to ty and rffruil 5tsff' and as this has been slower than expected it has placed sigDifieant demands on our existing staff. 4. W¢ at¢ now focussed on providing the best POSSAbl¢ exri¢llC¢ for our visitors within th¢ resources we have available. 5. We have a long tern) aim to rebuild our finances to have reserves of 6 months of expenditure so that we can survive ihe next pandemic, which will tske around 4 y¢ars to rebuild. We will then u%e our Surplus to invest in facilities that youth groups require today. this entails a signifi¢8ni mi>dernisalion and itnprovements io our curreDt facilities. Our prlnclpal activities of the year.. We reopened on May l st 2021 and offered limited activities that were covid safe to do so. 2. Our buildings and faciliiies were maiutained and were available to youth groups which satisfied their r¢sp¢ctive covid regulau0.
Th¢ Klng George V Memorlal Scouts & Guides Recreational Land5 (The Beaude5ert Trust) Rqwtofthe TnL4eesfor theye4r aKkd31stMarth 2022 (cfflvd) Friends of Be4udesert: The Friends of Beaude5ert 15 an organisation thai is open to the public" it enwmpa55¢5 the10¢g1 con)muuity, volwiieers and supFk)n¢rs. Volunteers: The Trust is committed to promoting volunteering opportuniiies to provide a contribution in the foTm of general Service and maintenance. assistance at specific events, and volunteering in the shop. 5. Achievements and performance Safety: We maintain a strong Dhanag¢D)¢ni of safety within the TNSL meeting all our sotutory safety obligations. Working with an exiemal h1th safety auditor we continually update our policies to meet curreni besi prdrti¢¢. InvesttDent'. We have only invested in th¢ sile *here absolutely necessary to preserve res¢rv¢s unlil income and expendiDJre goes back inio sulp1$. Vi51tors: Business was significantly lowered than nOTmal, Scouting and Guiding We not given perniission to r¢st8rt ¢amping until days before the summer holidays restricting bkingS to just a h2ndful of group5. Day visits wer¢ popular with Schools and youth groups. Relationship with employee5: We worked with a core team of the C¢ntr¢ Manager, Finance Manag¢r. Eslate Manager and Catering Manager. We were able to use som¢ of our casual staff for ¢at¢ring. We hired in freelance staff to deliver activities. We host¢d 2 overseas volunteers. W¢ rrUited an Activity Manag¢r in September. Activity Celltre RegS$tralioD: TC, BAPA We are licens¢d by Advenwre Activities Li¢en5ing Scheme. whi¢h inspects the safety management system for providets of advenDJre activities to young people wjder the age of18. We maintained r¢¢ogwtion for Learning Outsid¢ th¢ Classroom and with BAPA. Fundraising: The Trust has been active in fundraising in the following Ma[er. We apply to as many grant making bodies &s possibl¢ linked to our Development plan. 2. A professional fundraiser has noi bccn used. 3. Fundraising is monitored by the Management & Finan¢¢ committee and reported to the Ex¢culive. 4. No complaints have b¢¢n received regarding fid[aISIng. 5. The only approach to the publi¢ for fundraising h&$ been donations from the m¢mb¢rs of Friends of Beaudesert. No undue pressure has b¢¢n applied to those memb¢rs.
The King George V Vi lemorial Scouts & Guides Re¢re*tional Lands (The Beaudesert Trust) Rewtof theThth% fortheYegreDd3lI1 Mareh 2022 {tont'd) Public benefit: The TnLsle¢s have discFLarged thetr dulles with due regard to the Charity Commission guidance on public benefii as d¢tail¢d here- l. We provide a¢tiviti¢s that are beneficial through providing opport¥Jnities for Scouts, Guides and other young p¢ople, especially but not exclusivrly through leisure time activiti¢s, io develop their capabilities that th¢y may grow to full maturity &$ individuals and members of so¢iW. This benefit is open io all youth groups and a discount As given to eligible tharitsble orEani5alions. 2 By pursuing these aims, the a¢tsviti¢s managed by the TnLSt¢¢s knve due regard to the Charity Commission's public benefit guidance, and supplementary publi¢ benefit guidance on advancing educatlOD and on fee-charging. 6. Flnatt¢ial review Income Irom activities: tncome for the year was constrained as Scouts and guides were not able to camp ull(il late July and Schools were apprehensive with booking. Visitor numbers were then 1¢55 than nornial tlm)ughout thc rcmainder of the year. In addition slorni Arwen caused the site io ¢lose with callc¢llations over a weekend in lat¢ November. There were ill5ufdnce clain]s mad¢ and CeIVed for lh¢ Chapel and damage caused by STOTM Arwen. Costs: We continued to review and control costs throughoui the year which increased by £88.483. With increased bookn.ngs our direcr costs for cat¢ring. heating alld activities increased by £56,943,. the r¢duced net book value of the th'sposal of assets {for which we received insurance claims) was £12,672 and associated cos¢ of the demolits'on of the Chapel which had become structurally unsafe was £11,700. While we estimaie a minimum of £25K pa will be needed for the foreseeabl¢ future to ensure essential on¢-off rePaS are ¢on)pl¢t¢d in a timely olanner experience has shown that this is often higher. No TThtee5 are paid. and no employee earned over £60.0(Kl pa. Deficit: With a full year of overheads yet only limited revenue there w&$ on operating surplus of £32.628 and a deficit after depr¢ciation and disposal of &ssets of £8,063- ¢ornpared to lasi y¢ar's deficil of £100,728 and overall d¢ficit after depreciation of £130.037. Current year: With youth groups facing uncertainty over numbers. leaders and meettng places post ¢ovid, many d¢fred bookings to 2023. Sch(M)Is however, wanted to give the opportunity of outdoor activities to pupils which resulied in many last-minule bookings seeing a busy period May lo July 2022.
The King Georye V Memorlal Scouts & Guidos Re¢reAt10tt Lands (The Beaudesert Trust) Rep)rt of theThL#tt5 fortheyearended31"Marth 2022 (cont'd) We eontlllue to focus on providing th¢ besl possible experience foT our visitors within the resources we have availabl¢. We are expanding our resourc¢s such 45 instructors and residential spaces this year wtthin the ¢onstraints of our reserves. Net assets: The Net Assrt position at 31M March 2022 was rwesented by the following main itcms: Tangiblc assets after revalua(ion in 2019 have a carying value this year of £1.476.442 {2021.. £1,508,625). During the year £8,508 incutred on Dew fixed assets alld the dcpreciation charge was £28,064. D¢btors increased by £1,944 from £17,405 in 2021 to £19.349. Cash at bank and An Iwid of £147,602. Creditors falling due withtn one year of £92,817 are up on the figvr¢ for previous year by £26.288 reflecting th¢ higher level of activity at the end of March 2022 ¢ompared to the previous year when the sil¢ was c105ed. Cr¢ditors ovei one year are all for the Bounce Back Loati whi¢h will be repaid over 9 y¢ars from Feb 2022. Reseryes Policy". The Trustees have established a l1¢Y th41 the free reserves of th¢ Charity. should be b¢tween four and nin¢ Tnonths of operaiing costs. which provides suffi¢i¢nt funds for the ¢hariry to survive a significant drop in fijnding, or business intenwption. Future reserves will b¢ starting from a balanc¢ of £35.330 held ai 31st March 2022 (2021.. £12.302). Investment Pt>licy: Apart from rethining a pn¢¢ amount in reserves ¢a¢h year. most of th¢ Charity's fimds are spent in the Short terni. so the arc few funds available for IoDg tern] inv¢stm¢nt. Having ¢onsidered severdl options available, it was de¢id¢d to invest any funds not required short temi in u low risk commer¢ial bank deposit account. The Tnistees continue io review the Charity's investment policy annually. Iniernal ¢ontToIs: An annual budget approved by th¢ Trustees" Approprtate delegation of authority and segretiOn of duties.
The King George V Memorlal S¢outs & Guides Recreation Lands (The Beaudesert Trust) Rrt of theTTll5tffs f0rtheyeareD*3]m#r(h 2022 (¢ont'd) Private benefit: The Tnl confirms that it does not provide any benefit to private individuals with the exceptions of payment for liability insurance which has been authorised by the Charity Commission in a schem¢ dated 10 Febnwy 2004. The Trustee5' report was approved by the Exeeutlve on 20 October 2022 and Signed OD their behalf by:_ Mr J Cotton chaInall Ars E Gumb
Independent Examiner's Report to the Trustees of The King George V Memorial Scouts & Guides Recreational Lands (The Beaudesert Trust) I report lo the charity tn1¢¢$ QD my examination of the accounts of the charity for the year 3 IM March 2022 which are set out on pages I I to 20. Responsibilities #lld basis of report As the charity's trustees you are r¢sponsible for the preparatioll of the accounts in a¢¢ordan¢e with the requirem¢nts of the Charities Act 2011 ('the Acl.). I report in respeci of my examinatton of the charity's aeeounts carried out und¢r section 145 of the A¢1 attd in ¢aTrying out my examination I have followed all the applicable Dlrections given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement Sincc the chartty's gross income exceeded £250.1)00 your exan)iner must be a member of a body listed in section 145 of the Act. I confjrni that l am qualified to uud¢rtake the examination because l am a memberof The In51itute ofchartered A¢counlants in England & Wales. which is one ofihe listed bodies. I hav¢ completed my examination. I confirni that no material matters have come to my attention in connection with the examination giving me cause w believe that in any malerial respect.. counting records were not kepi in res& of the clwity as required by section 130 of the Act,. or 2. the accounts do not accord with those records I have no concerns and have come across llo other matters in CODnection with the examination to which attention should b¢ drawn in thAs r¢port in order to enable a proper understhnding of the accounts to be rea¢hcd. Charter Court 2 Well House Barns Chester Road Bretton Ch¢ster CH4 ODH r¢wJ radsh , FCA, For and b f Bradshaw5 Limtted. Chartered Accountants 20 oober 2022 io
The King George V Memori41 Scouts & Guides Re¢reationl LaDd5 (The Beaudesert Trust) STATEMENT OF FINANCIAL ACTtVlTIES for the year ending 31" March 2022 2022 2021 Note Ullrestri Restricted FuNd5 Funds Totsl Unrestrided Restricted Funds Totsl Incoming from: Donations and gifts ,735 3.510 5245 2.279 2,279 Charitable Activities 341,180 1,546 342.726 131,948 3.093 135,041 Investment Incom¢ 17 17 211 211 Total Incoming 342 932 347 988 134438 137531 Expenditure on: Charitable activities 350.881 5.170 356.051 260,538 7.030 267,568 Total Expenditure 350.881 5,170 356.051 260,538 7.030 267.568 Net income Gain5 on revaluation of fixed a55ets (7.949) (114) (8.063) (126.1(X)) (3,937) (130,037) Net movemeDt ID funds (7,949) (114) (8.063) (126.100) (3,937) {130,037) Recollclllatlon of Funds Fund balances brought forward at l°April 2021 1.510,019 14,151 1.524,170 1.636.119 18,088 1,654.207 Fund balan¢es carried forwrd 13 at 31" March 2022 1502 070 14037 1516 107 1510019 14 151 1524 170 The notes on page5 14 to 20 form part of these financial statement
The Klng George V Memorial Scouts & Guides Recre4tiollal Lands (The Beaudesert Trust) BALANCE SHEET as at 31" March 2022 2022 2021 Notes Flxed 455et5 Tangible assets 1.476,442 1.508.625 Current #55ets Stock Debtors C&sh at bank and in hand 8239 19,349 147.602 11.384 17,405 102,243 io 131032 Current Ilabllities Creditors.. Amounts falling within one year Net current assets Total assets less current liabilities 1.558.815 1,573.128 Creditors: Amounts du¢ in more than one year 12 {42.708) (48,958) Net ets 1,516.107 1,524,170 Represented by: Charity Funds Restricted fimd 18 utestricted fund - General Fund - 13 intludcs revaluation resetve of £802,388 (2021= £802,388). 14.037 14,151 1.502.070 1.510,019 1.516.107 1,524.170 The financial statements were pproYed by the Trnstee5 OD 20 October 2022 nd signed OD thetr behalf by:" Jerem¢y Cotton. DL Chairman E15peth Gumb The notes on pages 14 to 20 form part of these financial statements 12
The King George V Memorlal Seouts & Guide5 Recretionai Lands {The Beaudesert Trust> STATEMENT OF CASH FLOWS as at 31" March 2022 2022 2021 'otes Re¢on¢ili8tlon of operating gurplus to ne¢ cash inflow from cbritble activitie5 Operating SUTpIu5 .. R¢5tricted .. Unrestricted (114) (3.937) (40,959) (235,485) Depreciation Loss ou disposal 28.064 12,627 29.309 Movtment in working capital (Increase) / decrease in Stocks (Incre&se) / d¢crease in debtors Increase / {decrease} in ¢redilor5 I)eposits on future courses 3.145 (1,944) 20,309 563 510 27,413 (22,530) (10,741) Net f ash inflow from charitable a¢15vities 21.690 (215,461) Net cash inflow from Charitable activfiti 21.690 (215.461) Investment income & dootions Returns on invcstments and servicing of finance Donations Government Support Bounce Back Loan Interest payabl¢ 17 5,245 27,949 {834) (201) 211 2,279 106.895 50.000 Application of funds Capital ExpendiDJre (8.508) 45.359 (56.076) Recon¢iliation of nei cash flow to movement in net fid$ Decrease J Inere#3e in cash in the year Net bank position I" April 2021 N¢t bank position 31" March 2022 102.243 158,319 10 147,602 102.243 13
The King George V Memori*] Scouts & Guide5 Recreatlonal Lands (rhe Be4udesert Tru$t) NOTES TO THE FANCIAL STATEMENTS For the year ended 31" March 2022 Accounting po]ieies B4$is of preparation aDd assessment of 805ng wncern The accoullts (financial statements) have be¢n prepared under th¢ historical c05t convention with it¢ms recognised at cost or transaction value unle55 Otherwise stated in the T¢levant notes to ihese accounts. The financial staiements have E¢en prepared in accordance with the Stytement of Recommended Prn¢ti¢e: Accouniitig and R¢p)rting by Charities pr¢paring their accounts i accordance with the SORP 2019 Financial Reporting Standard applicabl¢ in the UK and Republi¢ of Ireland (FRS 102} originally issued in July 2014 and the Financial Reporting Standard applicable ill the United Kingdom and Republic of Ireland (FRS 102) and th¢ Charities Act 2011. The trust constitutes a publi¢ benefit entity as defined by FRS 102. The Tte¢S consider that there ar¢ uo uncertainties about the Trust's ability 10 Cotttinuc as a going concero over the next twelve months. Depreciation All the fixed assets are used for the direct fir(bernn¢e of the Chan'tys activitses. Depreciation is calculated to wrÈi¢ off the costs of tsngibl¢ fixed assets over their exmed useful economic lives using the following rntrs'.- Freehold buildings- 2Q/ts per annum straight line Equipment - I/0 per annum straight lin¢ Trnst¢¢s have reflected in these Financial Accounts a valuation of the inali¢nable asset of the land. An ¢stimated valuation of £850,000 has been pla¢¢d on this land following the valuation in D¢¢¢mbcr 2019 by Bt & Son,. Fund ae¢ouuting General fund5 are unrestricted funds which are available for use at the discretion of the irustees in furtheran¢¢ of the generdl obj¢¢tivcs of the Chariiy and which have noi been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trteeS for particul purposes. The aim and use of ¢a¢h designated fimd is set oul in the notes to the financial statements. Resiricied fund5 are funds which are io be used in accordance with specific restrictions imposed by donors or which have beeu raised by the Clwity forparticular pu4)oses. The cosi of raising and athninistering such funds are charged against the specific fund. The aim and use of ¢a¢h restricted fund is sei out in the notes to the finan¢ial statements. In¢otDillg resources All in¢oming resources are itkoluded in the SOFA when the Charity is legally entitled to the income and the amount can be quantifi¢d with reasonable accuE8¢y. For legacies, entitl¢mcnt is the earlier of the Charity being notified of an impending distribution or the Icgacy being received. Gifts in kind donated for distribution are included at valuation and recognised &$ income when they are distribut¢d to the pmje£ts. Gift5 donated for resale are included as income when they are sold. Donated facilities are includ¢d at the value io the Charity where this can quantified and a third paty is b¢aring the cost. No amounts are included in th¢ financial staiements for 5erYices donated by N'olunte¢rs. All grants are account¢d for gross when r¢¢¢ivable. Grants payable are recogms¢d as expenditure when the commiuneni is ¢lli¢r¢d into. 14
Tbe King Trorge V memori Stouts & Guides Recreational Lands (The Be4ude5trt Trust) NOTES TO THE FINANCIAL STATEMENTS (cont'd) For the year ended 31" March 2022 Aecountlng poll¢les (¢on¢'d) Resources expended All expenditure is A¢counied for on an accruals basis and has been classified under headings that aggregate all costs related io the ¢ategory. Whcrc costs cannot be directly attributed to particular h¢ading5 thcy hav¢ been allocated to activilies on a basis consistent with use of the resourc¢s. Fund-raising costs are those iU[red in sc¢kn"llg voluntary Contributions and do not include the costs of disseminaiing inforn)aiion in SUprt of the chan"table activities. Support costs are those Costs incU¢d directly in suppon of expenditure on the objects of th¢ Charity and include project management. Management and adminisTration costs are those incurred in connection with administration of th¢ Charity and compliance with constitutional al statutory requir¢m¢nts. Stocks Sto¢ks are valued at the lower of cost and net realisable value, after making due allowance for obsol¢l¢ and slow moving items. Pension Contributions to defined contribution plans are r¢cogni5¢d as an expense in the period in which the related service is provided. Prepaid contribuiions are recognis¢d as an asset to the extent that the prepayment will lead to a reduction in futtre paym¢nts or 4 ¢ash refund. Unrestricted Restricted Funds Funds Totsi Unrestricted Restricted 2022 Funds Funds Total 2021 Donations and gift8 Donation5 and Gift Aid 1.735 3.510 5,245 2279 2279 Unrestrirted Restricted Funds Fullds Total Uores1TiCted Restricied 2022 Funds Funds Total 2021 Bank illterest 17 17 211 JS
The KiDg George V Memorial Scouts & Guides Recreatlonal Lands (The Beaudesert Trust) NOTES TO THE FINANCIAL STATEMENTS (cont'd) For the year ended 31" March 2022 4 Income of the Trust Uttrestrleted Restrleted Totsl Unrestricted Restricted FuDd5 Fullds 2022 Funds Funds Totsl 2021 Grants & Government Support Fees, Facilities and Activities Other income Chapel Insurance Money Stonn Damage 27.949 27.949 106.895 106,895 255296 3.786 49.568 4.581 255,296 3,786 49,568 6.127 18.348 6,705 18,348 9,798 3,093 1.546 5 Cbarltable aetivities Unrestricted Restricted Total Unrestricted R¢stri¢t¢d Funds Funds 2022 Funds Funds Total 2021 Staff costs Heat and light Repairs and renevnls Chapel Demolition Activity expenses Estate management Rates and water TelcphoDe post at stationery R¢tail and Catering costs Insurance Travel and subsistence Depreciation Disposal of tang¢ble assets Legal and professional fecs Independ¢nt ¢xatniner5 fees Other costs Bank charges Loan Interest 152.237 19.115 23.696 11.71x1 49,533 6,154 4,016 3223 152,237 19,115 24,696 11.71 49.533 6.844 4,016 3223 153.004 8,282 12.024 4.469 157.473 8,282 12,024 13,244 10,100 5.525 2,346 13,244 10,950 5,525 2.346 850 11,810 19,481 957 26.250 11.081 4.712 2.706 2,672 1.337 201 11.810 19,481 957 28,064 12.627 4.712 2,706 2,792 1,337 201 1,987 19,088 207 27.598 1,987 19,088 207 29,309 1,814 1.546 1,711 501 2,5(Kl 3,284 501 2,500 3.284 848 120 J6
The King George V Memorlal Seouts & Gyides Re¢re*tionxl Lands (The Beaudesert Trust) NOTES TO THE FINANCIAL STATEMENTS (cont'd) For the year ended 31" March 2022 Staff numbers costs The key management personnel of the charity comprise the managers in charge of the center, gucst seryices and health & saf¢ty. The total etnployee iefits of the key management personnel of the Ttust were £57,620 (2021.. £55,969). No employee of th¢ chariry receiv¢d emoluments of more than £60,000 (2021: Done). Durtng the y¢at the averdge monthly head count WL8 9 employees {2021: 14). No employee received emoluments of more than £60.000. The costs to the Charity w¢r¢.' 2022 2021 141.603 149.569 5,686 3.458 4,948 4.446 Wages and salari&s Social security costs Pension ¢osts Trustees, remuneration and expenses None of the Trustecs received any remuncrdtion for services to the Trust. Expenses incurred by Trnsiees on behalf of the TrLLSt were oft¢n gift to the TTUSt. 17
The KID% George V MeEnori41 Scouts & Guides Re¢r¢#tioDai Lands (The Beaudesert Trn5t) NOTES TO THE FINANCIAL STATEMENTS (cont'd) For the year ended 31" March 2022 Tangible rued assets Freehold Land and buildings Plant and Equipment Total Cost OT valuation. At iji April 2021 Addittons Disposal As at 31st March 2022 1,51K).(XK> 260.264 8.508 1.760.264 8,508 265 087 1755 087 Depreciatlon At 1° April 2021 26.411 225228 251,639 Charge for the year Eliminated on disposal 19.867 (265) 8.197 (793) 28.064 (1,058) At 3 1st March 2022 232 632 Net book value At 31° March 2022 1,443.987 32,455 1.476,442 At 3 Isi March 2021 1,473,589 35,036 1,508,625 In order to comply the provisions of the SOIIP 2019 Accounting and R¢porting by Charities (FRS 102) the Trustees hav¢ reflected in these Financial Ac¢ounts a valuation of the land and buildings. In D¢¢¢mbcr 2019 the gtOUD(Ls aDd buildings of the trust were r¢valued on an open market basis valuation ai £1.5tn (before the demoh'tion of the Chapel) by B(K>t & Son. Independent Chartered Surveyors, of Cannork, Staffs. The histori¢al CO of the land alld buildings (included in the financial statements at valuation) is £687,612. {2021: £697.612). This repres¢nts the costs incurred by th¢ ¢hanty since the lands were donated to it and no cost is artribuied to th¢ original lands 18
The Kkn£ Ceor£e V memori S¢outs & Guides Re¢reatiottal Land$ (The Beaudesert Trust) NOTES TO THE FINANCIAL STATEMENTS (cont'd) For the year ended 31" March 2022 Debtor5 2022 2021 Trnd¢ debtor5 Other debtor5 Prepayments 6.611 2,098 3.818 io Cash at bank and In band Bank a¢¢ounts 47 io 24 li Creditors- amounts falling due wfithin one year 2022 2021 Trade creditors Taxation & Social Security Deposit for futur¢ adivitics Accruals Bounr¢ Back Loan 6.766 9.118 57.955 12.520 1,276 1.909 57,392 4.910 12 Crediton- amounts falling due more than one year 2022 2021 Boun¢e Back Loan 13 Analysi$ of net assets b¢twe¢n fuDds Ullrestrirted Restricted Funds Funds Total Funds Fund balances at 31% March 2022 are repKsented by: Tallble f¢d ass¢ts Current &8sets Less Current liabrlities Less: credIr$ due in more thaD l year 1,466.740 170,855 (92.817) (42.708) 9.702 4,335 1.476,442 175.190 (92,817) (42,708) 1502 070 1516 107 14 Capital cornmitmellts Th¢r¢ w¢r¢ no capitsl MMItments authoris¢d or tCted for al th¢ yeor-end. 15 Taxation Th¢ Chan"ty 15 exempt from t&xatson on any income or capital gains. 19
The King George V Memorial Scouts & Guides Recreational Lands (The Beaudesert Trust) NOTES TO THE FINANCIAL STATEMENTS (cont'd) For the year ended 31" March 2022 16 Flnancial In5¢rument In order to finance th¢irworking capital requirements, thecharity had rec¢ived a loan from tts Bank through the Bounce Back Loan Scheme. The Bank that the loan will be interest bearing. The loan is recognised in the Chtirity's Balance Shed as a ¢reditor due within alld after l year. Under Section I l of FRS 102 this will be the present value of th¢ cash payable (o the Bank l7 Control The Charity is under th¢ control of the TnLStees. 18 Restricted funds Opening Balance Net lttcoming Resourees Transfers CloslDg Balance Cal DAY Archery Range Climbing Wall Reception Renovations Gra55 Sledging Tented village Guide House Park Equipmeni (i.crf)o) (335) 5.000 1.333 2.243 313 2,202 1.346 700 900 1.668 2.243 376 2.318 1.546 (63) (116} (200) 700 Restricted funds Mostof the e1Ved have been expend¢d on capital projects where they are Ing depreciated over a ten year pen. 20