The Beaudesert Trust
Providing adventure for young people & conserving Beaudesert Park
Trustees, Report and Financial Statements
for the year ended 31st March 2024
The King George V Memorial
Scouts & Guides Recreation Lands
(The Beaudesert Trust)
2023124
Charity Number
522603

The King George V MemoriAI Seouts & Guides RecreAtional Lands
(The Beaudesert Trust)
Financial Accounts for the year ended 31" March 2024
Annual Report & Accounts 2023-2024
The Trustees present their 85, Annual Report for the year ended 31, March 2024.
The financial statements have been prepared in accordance with the Statement of Recommended
Practice: Accounling and Reporting by Charities preparing their accounts in accordance 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 Kingdom and Republic of Ireland (FRS 102) and
the Charities Act 2011.

The King George V Memorial Scouts & Guides Recreational Lands
(The Beaudesert Trust)
Financial Accounts for the yeAr end￿ 31. March 2024
Index:
Pa
Trustees, Report
l. Reference inforniation for the charity
2. Statement of Trustees, responsibililies
3. Siru¢iur¢J governance and management
4. Obj¢ctives & activities
5. Achievements and perfomiance
O. Financial review
Independent Examiner's Report
StAtement of Flnanclal Activitie$
10
Balance Sheet
Statement of ¢aJh flows
12
Notes to the Financial Statements
13- 18

The King George V Memorial Scouts & Guides Recreational Lands
(The Beaudesert Trust)
ReEx)rt of the TnL￿t￿ for the year ended 31. Ma￿h 2024
TRUSTEES, REPORT
The Trustees present their annual report and the financial statements for the year ended 31. March 2024.
l. Reference ADd administration details:
The King George V Memorial Scouts & Guides Recreational Lands. has a working title of The
Beaudesert Trust, and is marketed as Beaudesert Outdoor Activity Centre.
Registered Charity Number.. 522603
Address: Beaudesert Park, Cannock Wood, Rugeley, Staffordshire WS15 4JJ
Tel:
01543 682278. Email: dmin
beaudesert.or
Website: www.beaudes
rt.or
Trustees And Officers of the charity:
Ex-offieio Trustees:
The Lord Lieutenant of the County of Staffordshire:
l Dudson LL, CBE. Kstj
The Chairnian of the County Council of Siaffordshire: Cllr. Mr P Hewitt appointed
3010512023
M Khuram
Mrs. A Holmes
R Williams
Mrs. K Belcher
Ms L Richardson and Mr J Sieel *
appointed 0410112024
The Chaimian of the Staffordshire Branch of CPRE:
The Guide County Commissioner for Staffordshire:
The Scout County Commissioner for Staffordshire:
The Guide County Commissioner for West Mercia..
The Scout County Commissioner for West Mercia:
Elected Trustees:
Mr. C Ablitt
Mr. S Wood * resigned 1610412024
Mr N Jennings. appointed 0110512024
Mr D Phillips. appointed 0710312023
Mr. J D Cotton DL *
Chairnian
Mrs. E Gumb*
Treasurer
Centre Manager:
Mr. N Ruse
Executive Committee: all members of the Executive Committee are identified with an

The King George V Memorial Scouts & Guides Recreational Lands
(The BeAudesert Trust)
Re￿)rt of the Tn￿ttr5 forthe year ended 31. Ma￿h 2024 (cont'd)
Professional Advisors:
Bankers..
Solicitors:
HSBC Plc, 53 Anchor Road, Aldridge, West Midlands, WS9 9AD
An50ns, St Mary's Chambers, 5-7 Breadmarket Street, Lichfield,
Staffordshire. WS13 6LQ
Indcpendent
Examiners:
Bradshaws Ltd, Charter Court, 2 Well House Barns, Chester Road,
Bretton, Chester CH4 ODH
Chart¢red Surveyors.. Boot & Son, 19 Wolverhampton Road. Cannock, Staffordshire, WS I I
IAH
Unity Insurance Services, Lancing business Park, Lancing. Sussex.
Insurance Brokers..
BN15 8UG
2. Statement of Trustees, responsibilities
The Trustees are responsible for preparing the Trustees, Annual Report and the Financial Statements
in accordance with applicable law and United Kingdoin Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial
stalements for each financial year which give a true and fair view of the state of affairs of the charity
and of the incoming resources and application of resources of the charity for that period. In prepariiig
thes¢ financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
b. observe the methods and principles in the Charities SORP 2019 (FRS 102);
make judgements and 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 basis unless it is inappropriate to
presume that the charity will continue in operation.
The Trust¢¢5 are responsible for keeping proper accouiitiiig reLords that disclose with reasonable
accuracy at any time the fiiiancial position of the Charity and enable them to ensur¢ that the fiiiancial
statements comply with the Charities Act 2011, the Charity (Accounts aiid Reports) Regulations
2008 and the provisions of the trust deed. They are also responsible for safeguarding tlie assets of
the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
3. Structure* governance, and manAgement
Scheme of regulation:
The Trust operates under a Scheme of Regulation dating from 6 January 1939, am¢nded 4
March 1977 as affected by further Schemes dated l O, February 2004 and 19, November 2009.
Governance:
The Trust adopts guidance from the Charity Commission as it is issued, including the Charity
Governance Code issued in September 2017, and the Charities Act 2022. Governance, policies,
and strategy are reviewed annually at our Trustee away day.

The King George V Memorial Seouts & Guides Recreational Lands
(The Beaudesert Trust)
Re￿rt ofthe Tr￿ for the year ended 31° March 2024 (cont'd)
Organisational structure:
Governing Body: The appointed and elected Trustees of the Charity are responsible for the
overall coiitrol of the Trust.
Executive Committee: The meinb¢rs of the Executive Committ¢¢ r¢sponsible for th¢
governance and management of the Trust throughout the year, including approval of the budget
and business plan. for setting strategic dir¢ction: and for finalisation of the accounts and
Trustees, report for approval by the Annual Meeting of th¢ Board of Trustees.
Management and Finance sub-committee: The Management and Finance Committee are
responsible for approving the budget and any expenditure outside the budgcl. reviewing the
perforniance of the Trust quarterly. approval of decisions with a significant impact on budget
delivery; and reviewing all significant personnel issues and maiiagerial recruitineiit.
Operational management: The operational management of the Trust is the responsibility of
the Centre Manager and his Management team.
Recruitment, appointment and trAining of Trustees:
The Charity's elected Trustees are appointed at the Annual Meeting of the Trust on the basis of
nominations received from the Executive Committee. The policy on recruiting Truste¢s was
reviewed in September 2017 and the Executive determined that it should have a minimum of10
members with the appropriate range of skills to manage the Trust. and that Executive members
have a t¢rni of service of 4 years. renewable once. with a term of service for Chairnian and
Treasurer of 5 years, renewable once. Our nomination procedure is lo advertise openly for
Trustees and then the applicants are interview¢d by the Executive to see who has the skills and
knowledge rcquired. 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 th¢ Trustee and
the Trust's obj¢¢tives* procedures, and business plan by the Chairnian.
Related parties:
Beaudesert is a stand-alone charity witli no related parties, which share its obj¢ctives. However,
it works closely with its visitors including local Scouts and Guides, whose 4 County
Commissioners and Lead Volunteers are Ex-officio Trustees.
Risk Management:
The major risks faced by the Trust have been identified and ass¢ssed by the Exe¢utive
Committee, and systems and procedures established to manage the risks. The key controls used
by the Charity include.,
skills audit of th¢ Executive linked to Trustee recruAtm¢nt-
b, tern]s of reference, fornial agendas, and minutes for all Committees.
fom]al written policies.
conflict of interest review at the start of all Governance meetings.
comprehensive strategic planning, asset management, budgeting & accounting;
established organisational structure and lines of reporting.
clear authorisation and approval levels;
h. financial management and review through the Management & Finance Committee.
vetting procedur¢s for Trustees, staff or volunteers including DBS where relevant.
the completion of a Comprehensive risk register. reviewed annually at our away day.

The King George V Memorial Scouts & Guides Recrevdtional Lands
(The Beaudesert Trust)
Re￿rt of the Trllste￿ for the year endtyl 31. March 2024 (cont'd)
4. Objectives & Activities
Trust's objects as listed in our scheme of regulation:
The objects of the Trust are the provision in commemoration of the reign of King George V, and
for the b¢n¢fit of the public:
to help Scouts, Guides, and oth¢r young people. especially but not exclusively throiigh
leisure time activities, so as to develop their capabilities ihat they may grow to fLI I I maturity
as individuals and members of society.
2. to promote the conservation, protection, and improvement of the physical and natural
environm¢nt of Beaudesert Parklands; and
to preserve the ruins of Beaudesert Hall, including a Walled Garden and other land. of
historic and architectural importance.
Our Aims:
l. To be filled with young people enjoying the outdoors and so developing as individuals and
meinbers of society.
2. To help visiting groups make best use of their time with us;
3. To have appropriate, up to date, and safe buildings and facilities in good repair;
4. To have a range of modem activities attractive to the range of young people accessing our
site, so they can all participate in fun and adventure;
5. To develop parklands that are suitable for young people to explore, and preserve historical
features;
6. To preserve the Old Hall making it structurally sound so that it will continue to stand and
the public can visit and view it;
7. To be financially secure so that all maintenance and development can be completed wlien
required.
Our Objectives And Strategy..
l. Safe and secure: to provide the highest Standards of safety in all aspects of tlie Charity's
operations, including safeguarding, through appropriate procedures.
2. Governance; to have strong charity governance by meetiiig all recommendations of the
Charity Commission and to be perc¢ived as a well-run charity.
3. Vtsl¢or income: to grow income from visilors through widening the range of visitors and
use in quieter times, whilst building a reputation for fun & adventure, friendly service, and
clean faci lities; ensuring the price we charge our visitors generates sufficient income to meet
the full costs of operating the site.
4. Actlvlties: to deliver high quality. recreational and adventurous activities that are fun and
valued by our visitors through investment in activities and well trained instructors.
5. Estate maintenance: to maintain and conserve our buildings and the parkland of
Beaudesert as a safe resource. by completing the one-off maintenance and then maintainin8
the sile through budgeted expenditure.
6. Good employer: to create a working environment that attracts, retains and enthuses high
calibre employees and volunteers, and to develop th¢ talents of our employe¢s in line witli
the needs of the Organisation.
7. Development plan: to provide an infrastructure to deliver good quality residential facilities
and activities in line with customer expectations, and discharges our duty to conserve the
Old Hall.
8. Fund-raising: to raise funds to support our maintenance and development plan.
9. Communication: to communicate and listen to our staff, volunteers & stakeholders on the
challenges and successes of Beaudesert, and so build support for the strategy of the Trust.

The King George V Memorial Scouts & Guides Recreational Lands
(The Beaudesert Trust)
Report of the Trusts& for theyear ended 31. Marth 2024 (cont'd)
Longer term objective:
This is encap5ulaled in our Development plan to complete all outstanding maintenance and
refurbishments, invest in new buildings and activities to remain competitive. and discharge our
duty to maintain the Old Hall; and also to ensure that ongoing income Can sustain the
maintenance and competitiveness of the site, The estimated cost of this plan is £2m, made up of
Maintenance catch up (£250k); Buildings (£I,OOOk); Activities (£300k)' Parklands (£200k)' &
Old Hall (£250k). The funds for this will come from the annual financial surplus plus dedicated
fund-raising. However, our reserves were depleted during the Coronavirus pandemic, aiid to be
prepared for any futur¢ crises, we need to rebuild reserves to 6 months. As investment in
facilities now is important for our visitors, we will continue both to rebuild reserves and invest
at the same time.
Our principal activities of the year:
l. After Covid, we reopened and successfully grew visitor numbers up to 800/0 of pre-pandemic
levels by summer 2023. and in addition we hosted a major Guide camp: Me8amix, in
summer 2023. However since then, visitor numbers have stopp¢d growing and in 2024 we
lost a major conlract with Warwickshire College. This has led to visitor numbers and
income less than expected in 202314 and ongoing.
2. We have continued to complete essential maintenance and inv¢stment in our buildings and
facilities. This included investment in Haden Lodge cooking and meeting facility, partitions
is Owls Nest and Chantrey House to allows mixed gender groups to use the buildings, grass
sledging, and archery range5.
3, After Covid, we have found recruiting staff and keeping a full complement of staff more
dityicult. and we thank all our staff for their dedication and hard work for our visitors.
4. One of our key members of staff: Gareth Onens passed away this year. This was a hiige
shock and we pay tribute to a valued, aiid well-loved p¢rson, who cooked wonderful meals
for us. and undertook substantial volunteer duties with Alcester Scouts.
Frlends of Beaudesert:
The Friends of Beaudesert is an organisation that is open to the public; it encompasses tlie local
community, volunteers and supporters.
Volunteers:
The Trust is committed to promoting volunteering opportunities to provid¢ a contribution ii) the
form of general service and maintenance, a5SlStance at specific events. and volunteering in the
shop.

The King George V Memorial Scouts & Guides RecreatRonal Lands
(The Beaudesert Trust)
Re￿rt of the TnL8tees for the year ended 31st March 2024 (eont'd)
5. Achievements and performAnce
Safety: We maintain a strong management of safety within the Trust, meeting all our statutory
safety obligations. We contract an external health and safety auditor to audit our practices and
update our policies, to meet best practice.
We have managed to reduce our problem with Trespassers from installing fencing, new signs
and CCTV; however we do still have occasional trespassing.
Investment: We have invested in the site wher¢ n¢c¢ssary to provide facilities for our visitors
and maintain the gyrounds.
Visitors: Numbers had bounced back to 80% of pre-covid levels by summer 2023, but then
growth slopped and the loss of a substantial contraci have capped the number of visitors. School
visits are an increasing part of our activities and we are investing to meet their needs.
Relationship with employees:
W¢ work with a management team of the Centre Manager, Finance Manager, Estate Manager,
Activity Manager and Catering Manager. and recruit team members during the year to deliver
the programme and activities for our visitors. This includes both freelance staff for peak times
and apprentices.
Actlvlty Centre Reglstratlon: AALA, LOTC, BAPA
We are licensed by Adventure Activities Licensing Scheme, which inspects the safety
managemei)t system for providers of adv¢iilur¢ activities to young p¢ople uiid¢r th¢ ag¢ of 18.
We maintained recognition for Learning outside the Classroom and with British Activity
Providers Association.
FundrAlslng:
The Trust has been active in fundraising in the following manner:
l. We apply to a5 many grant making bodies as possible linked to our Development plan.
2. A professional fundraiser has not been used.
3. Fundraising is monitored by the Manag¢m¢nt & Finance committee and reported to the
Executive.
4. No complaints have been received regarding fundraising.
5. The only approach to the public for fundraising has been donations from the members of
Friends of Beaudesert. No undue pressure has been applied to those members.

The King George V Memorial Scouts & Guides Recregtional Lands
(The Beaudesert Trust)
Re￿)rt of the Tn￿tee5 for the year ended 31. March 2024 (cont'd)
Public benefit: The Trustees have discharged their duties with due regard to the Charity
Commission guidance on public benefit as detailed here..
l. We provide activities that are beneficial through providing opportunities for Scouts, Guides
and other young people. especially but not exclusively through leisure time activities, to
develop their capabilities that they may grow to full maturity as individuals and members of
society. This benefit is open to al l youth groups and a discount is given to el igible charitable
organisations.
2 By pursuing these aims, the activities managed by the Trustees have due regard to tli¢
Charity Commission's public benefit guidance, and supplementary publi¢ benefit guidanc¢
on advancing education and on fee-charging.
6. Financial review
Income from activlties:
Income for the year was £806.281, which is similar to pre-covid l¢vels in 2019120. This is in
line with our report last year which showed growth in bookings to 80% of pre-covid by summer
2023, which with inflation gives the same income.
Costs:
We continue to review and control operating costs which amounted to £830,401 (2023:
£610,485), which was an increase of £219,916 on last year. This was driven by providing
services to the increasing visitor numbers, and included an increase in staff costs of £82,926, in
catering costs of £58,41 l. and actlvity costs of £37,024.
We continue to estimate a minimum of £25K pa will be n¢eded for the foreseeable future to
eiisure essential one-off repairs are completed in a timely manner experience has shown that this
is often higher.
No Trustees are paid, and no employee earned over £60,000 pa.
Deficfit:
Altliough total income increased by 31 %, total expenditure increased by 360/0 which led to a
deficit of £13,911. Taking into account depreciation of£32,562, there was an overall surplus of
£18,651.
Current year:
Visitor numbers recovered to 80% of pre-covid levels by summ¢r 2023, but have not grown
since then. in addition we have lost a contract with Warwickshire College which gave an income
of £75,000 pa. Reduced income and rising costs from inflationary pressure now results in a
projected loss for 202415 and we are currently cutting costs as much as we can and we will have
to reduce staffing levels as well.

The King George V Memorial Scouts & Guides Recreation21 Lands
(The Beaudesert Trust)
RetK)rt of the TnLStets forthe Y￿ ended 31. Ma￿h 2024 (cont'd)
Net assets:
The Net Asset position at 31, March 2024 was represented by the following main items:
Tangible assets after revaluation in 2019 have a carrying value this year of £1,487,831
(2023: £1,484,424). Durin8 the year £35,969 was incurred on new fix¢d assets and the
depreciation charge was £32,562.
Debtors decreased by £744 from £35.518 in 2023.
Cash at bank and in hand of £155,954 (2023: 155,512).
Creditors falling due within one year of £151,323 are up on the figure for previous year by
£22,676.
Creditors over one year are all for the Bounce Back Loan which will be repaid over 9 years
from F¢b 2022.
Reserves Policy:
The Trustees have established a policy that the free reserves of the Charity. should be between
four and nine months of operatiiig costs, which provides sufficient funds for the charity lo
survive a significant drop in funding. or business interruption. Future reserves will be starting
from a balance of £16,258 held at 3 1st March 2024 (2023.. £31,454).
Investment Policy:
Apart from retaining a prudent amount in reserves each year, most of the Charity's funds are
spent in the short terni, so there ar¢ few funds available for long-term investment. Having
considered several options available. it was decided to invest any funds not required short terni
in a low risk commercial bank deposit account. The Trustees continue to review the Charity's
investment policy annually.
Internal controls..
An annual budget approved by the Trustees.
Appropriate delegation of authority and segregation of duties.
Private benefit:
Tlie Trust confimis that it does not provide any benefit to private individuals with the exceptions
of payment for liability insurance wliich has been autliorised by the Charity Coniinission in a
scheme dated l O, February 2004.
The Trustees, report WAS approved by the Executive on 17 October 2024 and signed on their
behalf by:.
Mr J Cotton
Chairnian
Mrs E Gumb
Treasurer

Independent Examiner's Report to the Trustees of
The King George V Memorial Scouts & Guides RecreationAI Lands
(The Beaudesert Trust)
I report to th¢ charity trust¢es on my examination of the accounts of the charity for the year 31. March
2024 which are set out on pages I I to 18.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act
and in carrying out my examination I have followed all tlie applicable Directions given by ihe Charity
Commission under section 145(5)(b) of the Act.
Independent exgminer's stqtement
Since th¢ charity's gross income exceeded £250,000 your examiner must be a member of a body listed
in section 145 of the Act. I confimi that l am qualified to undertake tlie examination because l am a
member of The Institute of Chartered Accountants in England & Wales, whicli is one of tlie listed bodies.
I have completed my exainination. I confirm that no material matters have come to my attention in
connection with the examiiiation giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the Act;
or
the accounts do not accord with those records
I have no concerns and have come across no other matters in connectioii with tlie examination to which
attention should be drawn in tliis report in order to enablc a proper uiiderstandiiig of tlie accounts to be
reached.
Charter Court
2 Well House Barns
Chester Road
BrettoIi
Chester CH4 ODH
Andr¢w J Bradshaw,
For and be
If of
adshaws Limited,
Chartered
ntants
17th October 2024

The King Ceorge V Memorial Scouts & Guides Recreational Lands
(The Beaudesert Trust)
STATEMENT OF FINANCIAL ACTIVITIES
for the year ending 31" March 2024
2024
2023
Restricted
Funds
Note
Unrestricted Restricted
Funds
Funds
Total Unrestricled
Funds
Toial
Incoming from:
Donations and gifts
2,190
5,721
7,911
,127
1,127
Charitable Activities
804.781
1,500
806,281
612.277
1,050
613,327
Investment Income
2,299
2,299
186
186
Total Incoming
Expenditure on:
Charitable activities
826,205
4,196
830.401
608,571
1,914
610.485
Total Expenditure
826,205
4,196
830,401
608,571
1,914
610,485
Iyet income
Gains on revaluation of fixed
assets
(16,935)
3,025
(13,910)
5,019
(864)
4,155
Net movement In funds
(16,935)
3,025
(13,910)
5,019
(864)
4,155
Reeonclliation of Fundg
Fund balances brought fonvard at
I" April 2023
1,507,089
13,173 1.520,262
1,502.070
14,037 1,516.107
Fund bAIAnces carried fonvard
at 31" Marcb 2024
13
1490 154
16 198 1506352
1507 089
The notes on Pages 13 to 19 form part of these finaneiAl statements.
10

The King George V Memorial Scouts & Guides Recreational Lands
(The Beaudesert Trust)
BALANCE SHEET
as Ydt 31" March 2024
2024
2023
otes
Fixed assets
Tangible assets
1,487,831
1,484,424
Current assets
Stock
Debtors
Casli at bank and in hand
12.790
34.774
155,954
12,422
35,518
155,512
10
203 518
Current liabilitie5
Creditors.. Amounts falling due within
one year
128 647
Net current assets
Total assets less current Ilabllltles
1,540,026
1,559,229
Creditors.. Amounts due in more than
one year
12
(33,674)
(38,967)
Net asjets
1,506,352
1,520.262
Represented by:
Charity Funds
Restricted fund
Unrestricted fund
General Fund
inGlud¢s r¢valuation r¢s¢rv¢ of £795.632
(2023.. £804,882).
18
13
16,198
13,173
1.490,154
1,507,089
1,506,352
1,520,262
The financlal sthlements were approved by the Trustees on 17th October 2024 and signed on their
behalf by:_
Jeremey Cotton, DL
Chairnian
Elspeth Gumb
Treasurer
The notes on pAges 13 to 19 form part of these financiAI statements

The King George V Memorial Scouts & Guides Recreational Lands
(The Beaudesert Trust)
STATEMENT OF CASH FLOWS
as at 31" March 2024
2024
2023
Notes
Reconciliation of operating surplus to net
cash inflow from charitable activities
Operatin8 surplus
Restricted
Unrestricted
3.025
(26,097)
(864)
3,878
Depreciation
Loss on disposal
32,562
30,023
Movement in working evdpital
(Increase) / decrease in Stocks
{Increas¢) I decrease in debtors
Increase / (decrease) in creditors
Deposits on future Courses
(368)
744
13,381
9,165
(4,183)
(16,168)
8,435
28,690
Net cash inflow from charitable activities
32,412
49,811
Net cash Inflow from charltable actlvities
32,412
49.811
Investment income & donations
Returns on investments and servicing of finance
Donations
Government Support
Bounce Back Loan
Interest payable
2,299
7.911
186
2,127
(5,163)
(1,048)
(5,037)
(1,172)
Appllcation of funds
Capital Expenditure
(35,969) (38,005)
442
7,910
Reconciliation of net cash flow to movement in net funds
Decrease / Increase In cash in the year
Net bank position I, April 2023
Net bank position 3 ljt March 2024
155,512
147,602
10
155,954
155,512
12

The King George V Memorial Scouts & Guides ReereationAI Lands
(The Beaudesert Trust)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31" March 2024
Accounting policies
Basis of preparation and assessment of going concern
The accounts {financial statements) have been prepared under the historical cost convention with
items recognised at cost or transaction value unless otherwise stated in the relevant notes to tliese
accounts. The financial statements have been prepared in accordance with the Statement of
Recommended Practice: Accounting and Reporting by Charities preparing their accounts in
accordance witl) the SORP 2019 Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102) originally issued in July 2014 and the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The trust constitutes a public benefit entity as defined by FRS 102. The Trustees consider that
there are no uncertainties about the Trusl's ability to ¢ontinu¢ as a going concern over tli¢ n¢xt
tw¢lve months.
Depreciation
All the fixed assets are used for the direct furtherance of th¢ Charity's aclivities.
Depreciation is calculated to writ¢ off the costs of tangible fixed assets over their expe¢t¢d useful
economic lives using the following rates:.
Freehold buildings- 20/0 per annum straight line
Equipment- l 0% per annum straight lille
Trustees have reflected in these Finaiicial Accounts a valuation of th¢ inal ienable asset of the land.
An estimated valuation of £850,000 has been placed on this land following the valuation in
December 2019 by Boot & Son,.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of th¢ trustces in
furtherance of th¢ g¢n¢ral objectives of the Charity and which have not been designated for otlicr
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 in accordance with specific restrictions imposed
by donors or which have been raised by th¢ Charity for particular purposes. The cost of raising and
adiniiii5tering such fund5 are cliarged against the specific fund. The aim and use of each restricted
fund is 5Ct out in the notes lo the financial stateinents.
Incoming resources
All incoming resources are included in the SOFA when ihe Charity is legally entitled to the income
and the amount can be quanlified with reasonable accuracy. For legacies, entitlement is the earlier
of the Charity being notified of an impending distribution or the legacy being received. Gifts in
kind donated for distribution are included at valuation and recognised as income when they are
distributed to the projects. Gifts donated for resale are included as income when they are sold.
Donated facilities are included at the value to the Charity where this can be quantified and a tl)ird
party is bearing the cost. No amounts are included in the financial statements for services donated
by volunteers. All grants are accounted for gross when receivabl¢. Granls payable are recognised
as expenditure when the commitment is eiitered into.
13

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 2024
Accounting policies (cont'd)
Resources expended
All cxp¢ndiiure i5 accountcd for on an accriials basis and ha5 been cla55ificd und¢r hcadings that
aggregate all costs related to the category. Wliere costs cannot be directly attributed to particular
headings they have been allocated to activities on a basis consistent with use of the resources.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the
osts of disseminating information in support of the charitable activities. Support cosls are those
costs incurred directly in support of expeiiditure on the objects of the Charity and include project
management, Management and adininistration costs are those incurred in connection with
administration of the Charity and compliance with constitutional and statutory requirem¢nts.
Stocks
Stocks are valued at th¢ lower of cost and net realisable valu¢, aft¢r making due allowance for
obsolete and slow moving items.
Pension
Contributions to defined contribution plans are recognised as an expense in the period in which the
related service is provided. Prepaid contributions are recognised as an asset to the extent that the
prepayment will lead to a reduction in future payments or a cash refund.
Unrestrlcted Restricted
Funds
Funds
TotAI
2024
Unrestricted
Funds
Restricted
Funds
Total
2023
DonAtions and gifts
Donations and Gift Aid
2.190
5,721
7.911
1,127
1,127
Unrestrlcted Rcstrlctcd
Funds
Fund5
Total Unrestricted
2024
Funds
Rcslricted
Funds
Toial
2023
Bank interest
2,299
2,299
186
186
14

The King George V Memorial Scouts & Guides Recreational Lands
(The Beaudesert Trust)
NOTES TO THE FINANCIAL STATEMENTS (cont'd)
For the yeAr ended 31" l¥tsrch 2024
4 Income of the Trust
Unrestricted Restricted
Funds
Funds
Total Unrestricled Restrict¢d
2024
Funds
Funds
Total
2023
Fees, Facilities
and Activities
Other income
804,781
804,781
1,500
608,758
3,519
608,758
4,569
1,500
1,050
5 Charitable activities
Unrestricted Restrleted
Funds
Funds
Total
2024
Unrestricted
Funds
Restricted
Funds
Total
2023
Staff costs
Heat and light
Repairs and renewals
Chapel Demolition
Activity expenses
Estate manag¢m¢nt
Rates and water
Telephone post and
stationery
Retail and Catering costs
Insurance
Travel and subsistence
Depreciation
Legal and professional fees
Independent examiners fees
Other costs
Bank charges
Loan Interest
415,428
58,803
16.007
1,888
102.562
23.890
15,104
3,563
415,428
58,803
16,007
1,888
1,500 104,062
23,890
15,104
3,563
332,502
28,727
31,978
332,502
28,727
31.978
67,038
18,243
8,889
3,543
67,038
18,243
8,889
3,543
109,142
25,013
644
29.866
11,404
2,279
6,131
3,433
1,048
109,142
25,013
644
32,562
11,404
2,279
6,131
3,433
1,048
50,731
20.562
882
28,110
6,974
2,300
3,815
3,105
1,172
50,731
20,562
882
30,024
6.974
2,300
3,815
3,105
1,172
2,696
1,914
Staff numbers and costs
The key management personnel of the charity comprise the managers in charge of the center, guest services
and health & safety. The total employee benefits of the key management personnel of tlie Trust were £78,201
(2023: £69,412). No employee of the charity received emoluments of more than £60,000 (?023: none).
During the year the average monthly head count wa5 23 employees (2023: 23). The costs to the Charity were..
2024
385,479
19,129
10,820
2023
306,048
15,828
10,626
Wages and salaries
Social security costs
Pension costs
15

The King George V Memorial Scouts & Guides Reereational Lands
(The Beaudesert Trust)
NOTES TO THE FINAI¥4CIAL STATEMENTS (cont'd)
For the year ended 31" March 2024
Trustees. remuneration and expenses
None of the Trustees received any remuneration for services to the Trust. Expenses incU￿¢d by
Trustees on behalf of the Trust wer¢ often gifted to the Trust.
Tangible fixed as5¢ts
Freehold Land
anil buildings
Plant and
Equipment
Total
Cost or valuation
At I. April 2023
Additions
Disposal
1,497,506
9,251
295,586
26,718
1,793,092
35,969
As at 31° March 2024
829
Depreciation
At 1st April 2023
66,029
242,639
308,668
Charge for the year
Eliminated on disposal
20,202
12,360
32,562
At 31 st March 2024
254 999
41
Net book value
At 31° March 2024
1,420,526
67,305
,487,831
At 31 st March 2023
,431.477
52,947
1,484,424
In order to comply with the provisions of the SORP 2019 Accounting and Reporting by Charities
(FRS 102) Ihc Trustees have reflected in these Finaiicial Accounts a valuation of the land and
buildings. In December 2019 the grounds and buildings of the trust were revalued on an open
market basis valuation at £1.5m (before the demolition of the Chapel) by Boot & Son,
Independent Chartered Surveyors, of Cannock, Staffs.
The historical cost of the land and buildings (included in ihe financial statements at valuation) is
£704,369 (2023: £695.118). This represents the costs incurred by the charity since the lands were
donated to it and no cost is attributed to the original lands,
16

The King George V Memorial Seouts & Guides RecreAtional Lands
(The Beaudesert Trust)
NOTES TO THE FINANCIAL STATEMENTS (cont'd)
For the year ended 31" March 2024
Debtors
2024
2023
Trade debtors
(hher debtors
Prepayments
12,857
17,615
1,000
10
Cash at bank and in hand
2023
2022
Bank a¢¢ounts
155512
11
Creditors- amounts fAlling due within one year
2024
2023
Trade creditors
Taxation & Social Security
Deposit for future activiti¢s
Accruals
Bounce Back Loan
13,327
15.937
95,810
20,957
29
151323
6,776
22.140
86,645
7.924
128647
12
Creditor8- amounts falling due more than one year
2024
2023
Bounce Back Loan
13
Analyslg of net asyets behveen funds
Unrestricted Restricted
Funds
Funds
Total
Funds
Fund balanc¢s at 31° Ma￿h 2024
ar¢ represented by..
Tangible fixed assets
Cu￿ent assets
Less Current liabilities
Less: Creditors due in more than l year
1,473.896
201,255
(151,323)
(33,674)
13,935
2,263
1,487.831
203,518
(151,323)
(33,674)
1490 154
1506 352
14
Capital commitments
There were no capital commitments authorised or contracted for at the year-end.
15
Taxation
The Charity is exempt from taxation on any income or Capital gains.
17

The King George V Memorial Scout5 & Guides Recreational Lands
(Tbe Beydudesert Trust)
NOTES TO THE FINANCIAL STATEMENTS (cont'd)
For the year ended 31" Mydrcb 2024
16
Ffinanclal Instrument
In order to finance their working capital requirements, the Charity had received a loan from its Bank
through the Bounce Back Loan sclieme. Tlie Baiik agreed that tlie loan will be interest bearing. The
loan is recognised in the Charity's Balance Sheet a5 a creditor due within and after l year, Under
Section I l of FRS 102 this will be the present value of the cash payable to the Bank.
17
Control
The Charity is under the control of the Trustees.
18
Restrhcted funds
Opening
Balance
Net
Incoming
Resources
Transfers Closing
Balance
Cal Day
Archery Range
Climbing Wall
Reception Renovations
Grass Sledging
Tented vil lage
Guide House
Park Equipment
CCTV
Building Equipment
Pedal Carts
4,000
998
2,243
250
2,136
1,146
700
800
900
( 1.000)
567
20
(63)
(260)
(200)
(70)
(100)
1,250
2,161
720
3.000
,565
2,263
187
.876
946
630
700
2,150
2,161
720
Restricted funds
Most of the funds received have been expended on capital projects where they are being depreciated
over a ten year period.
18