BEAUDESERT SMCI OUTDOOR ADVEimiRES Trustees, Re ort and Financial Statements for the ear ended 31st March 2025 The King George V Memorial Scouts & Guides Recreation Lands (The Beaudesert Trust) 2024125 *.r' -¢4 Charity Number 522603
The King George V Memorial Scouts & Guides Recreational Lands (The Beaudesert Ti"ust) Financial Accounts for the year ended 31" March 2025 Annual Report & Accounts 2024-2025 Tlie Trustees present their 86, Annual Report for the year ended 31 ' March 2025. The financial statements have been prepared in accordance with the Statement of Recoillmended Practice: Accounting aiid Reportiiig by Charities preparing their accoui)ts in acLordan¢e willi the SORP 2019 Fiiiancial Reportiiig Staiidard applicable in the UK and Republic of Ireland (FRS 102} aiid the Financial Reporting Standard applicable in tlie United Kiiigdom and Republic of Ireland (FRS 102) and the Charities ALt 2011 .
The King George V Memorial Scouts & Guides Recreational Lands (The BeaiidL'sert Trust) Financial Accounts for the year end(Yl 31° March 2025 Index: Trustees, Report J. Reference infomiation for the charity 2. Stateineiit of TrLlStees' responsibilities 3. Structure, governance and manageinent 4. Objectives & activities 5. Achievements and pertomiance 6. Finaiicial review Independent Examiner's Report 10 Stalement of Financial Activilies Balance Sheel 12 Statement of cash flows 13 Notes to the Financial Statements 14- 19
The King George V Memorial Scouts & Guides Recreational Lands (The Beaudesert Trust) Rew)rt of the for the year en(11 31. Mah 2025 TRUSTEES) REPORT The Trustees preseiit their annual report and the financial statements for the year ended 31, March 2025. l. Reference and administration details: The King George V Meiiiorial Scouts & Guid¢s Recreational Laiids, has a working titl¢ of Tli¢ Beaudesert Trust. and is illarketed as Beaudesert Oiitdoor ALtivity Ceiitre. Registered Charity Number.. 522603 Address: Beaudesert Park, Caniiock Wood, Rugeley, Staffordsliire WSI 5 4JJ Tel: 01543 682278, Email: admiii ci beaudesen.or Website.. www.beaLidesert.or Trustees and Officers of the charity: Ex-officio Trustees: Tlie Lord Lieuteiiaiil of tlie County of Staffordsliire.. Mr. l Diidsuii LL. CBE, KSIJ Resigiied 15107120? 5 Prot.. E Bariies LL, CBE Appointed 1510712025 The Chairmai) of ihe Coiinty Council of Staffordsliire: Cllr. Mr P Hewitt ResignL'd 2210512025 Cllr. Mr P Williaiiis AppoiiilLd 2210512025 Mr. M KIILifciin Mrs. A Holmes Resibyned O 111012024 Mrs. T Cliainberlaii) Appoiiited O 111012024 Mr. R Williains The Chaimiaii of the Staffordsliire Branch ot CPRE.. The Guide Couiity Comiiiissioner for Staffordsliire.. The Scout County Commissioner for Staffordshire: Tlie Guide Coiinty Commissioiier for Wesi Mercia.. Tlie Scout Couiity Commissioner for Wesl Mercia: Mrs. K Belclier Ms L RiLliardson ' and Mr J Steel * F.lected Tru$tees'. Mr. J D Cotton DL * Mrs. E Gumb Mr. C Ablitt, Mr. N J¢nnings' Mr. D Phillips, Mr. T Hague Mr. L Bird Mr. N Lovett* Cliairman Treasiirer Resibync.d 0910312025 Resign¢d 01109120?5 Appointed 2311112024 Appointed 2911112024 Appointed 1111212024 Operations Manager: Mr. N Ruse Mr M Kirby, Rcsigiied 1810112025 Appoiiited 0610112025 Executive Committee: all members of the Executive Committee are ideiitified with an
The King George V Memorial Scouts & Guides ReL'reational Lands (The Beaudesert Ti'ust) Rert of the Trust&¥ for the yr end1 31. March 2025 (cont'd) Professional Advisors: Bankers: Solicitors,. HSBC Plc, 53 Anchor Road, Aldridge, Wesl Midlands, WS9 9AD Ansons, St Mary'q Chc1mbers, 5-7 Breadmark"et Street, Liclifield, Stat"fordsliire, WS13 6LQ Independent Examiners: Bradshaws Ltd. Ch¢1rter Court, 2 Well Flouse Bariis, Cliester Road. Bretton, Cliester CH4 ODH Chartered Surveyors.. Boot & Son, 19 Wolv¢rliampton Road, Caniiock, Staffordsliire, WS I I IAH Unity Insurance Services, Lancing business Park, Lancing, Sussex, BN15 8UG Insurance Brokers.. 2, Statement of Trustees, responsibilities The Trustees are responsible for preparing the Trustees, Annual Report aiid the Finaiicial Stateni¢nts in accordance with applicable law aiid United Kingdom Accouiiting Standards (United Kingidoin Generally Accepted Accountii)g Practice). Tlie law applicable to charities iii Englaiid & Wales rLqLiires tliL TriisteLS to prepare fiii(IIILial %tateiiient5 for eacli finaiicial year wliicli gTive a trlie and f£iir vieiv ol-the state of dffc2irs of tlie Lharily aiid of tlie iiiconi ingi resources aiid appl ication of resources of tlie charity for tliat period. In prcpariiig tIILse finaiicial stalenieiits, tlie trustees are reqiiired to.. select suitable accouiiting pol icies and then apply theiii coiisisteiitly. observe tlie Inetljods aiid principles iii tlie Cliarities SORP 2019 (FRS 102); make judgeinents aiid estimates thal are reasonable and prudent; state wh¢thcr applicable accounting standards have beeii followed, subject to any material departures disclosed and explained in tlie fiiianLial stateiiieiits: prepare the financial statements on the going concern basis unlcs5 it is inappropriate to presume that the charity will continue in operation. Tlie Trustees are responsible for k¢cpiiig prop¢r accouiitiiig records tliat disclose with reasonable acciiracy at any time tlie finaiicial position of thc Cliarity aiid cnablc thcni to eiisLire tliat tlie fiiidncial stat¢in¢iits comply with tlie Cliarities Act 201 I, tlie Cliarity (Accoiiiits aiid Report5} Reb7iilatioiis 21108 aiid tl)e provisioiis of tlie trust deed. Tliey are also respoiisible for safeguard iiig Ilie assels of the charity and hence for taking reasonable steps for tlie prevention and detection of fraud and other irregularities. 3. Structure? governance, and management Scheme of regulation: The Trust operates under a Scheine of Regulation dating from 6 January 1939, amended 4, March 1977 as affected by further ScheiTLe5 dated l O, February 2004 and 19111 November 2009. Governance: The Trust adopts guidance from thc Cliarity Commission as it is issued, including the Charity Governaiice Code issued in Septeniber 2017, and the Cliarities Act 202? Govcrnance, policies, and strategy are reviewed annually at our Trustee away day.
The King George V Memorial Scouts & Guides Recreational Lands (The Beaudeserl 'frust) Rew)rt of the TnLStees for the year ended 3151 March 2025 (cont'd) Organisational structure: Governing Body: The appointed and ¢le¢ted Truslees of tlie Charity are responsible for the overall control of the Trust. Executive Commitlee: The tncinbcrs of thc Executive Coiiiiiiilt¢e are responsible for ihe )overnance and managemeiit of the Trust throughout the year, incliiding approval of the budget and busiiiess plaii. for setting strat¢b>ii dir¢ition' aiid for fiiialisatioii of tli¢ accounts and Trustees, report for approval by the Aiinual Meeting of the Board of Trustees. Management and Finance sub-commitlee: The Managemeiit and Finaiice Commitlee are responsible for approving the budbyet and any expenditure oiitside the budget; reviewing the performance of the TrLlSt quarterly; approval of d¢cisions witl) a significant impact on budget delivery; and reviewing all significant personiiel issues and iiiaiiagerial recruitment. Operational management: Tlie operatioiial manageinent of the Trust is tlie responsibility of the Centre Manager and his Management team. Recruitment, appoinlment and training of Trustees: The Charity's elected Trustees are appointed al the Anniial Meeting of tlie Trust on tlie basis of nominations received froin the ExeLutive Coiilmittee. The policy on recruiting Triistee% was reviewed in Septeiiiber 2017 and tlie Execiitive determiiied tliat it sliould liave a ni ii)Iiiiuiii of l O Inembers with the appropriate range of skills lo maiiage tlie Trust. and that Executive Ineinbers hav¢ a terni of service of 4 years, r¢newabl¢ oncc; witl) a tcrm of scrvicc for Chairman and Treasurer of 5 years, reiiewable once. Our noiiiiiiatioii pro¢edur¢ 15 to advertise opeiily for Trustees and thL*ii the applicaiits are iiiterviewed by the ExecutivL to sce who has the skills aiid knowledge required. Successful applicai)ts are co-opted 011 to tlie Executive Cominiltee. and proposed for elLctioii at tlie AGM. New Trustees are iiiducted iiito tlie role of the Trustee and the Trust's objectives, procedures, aiid business plan by the Chairman. Related parties; Beaudesert is a stand-alone cliarity witli no related parties. wh ich sliar¢ its objectives. However, it works closely wilh its visitors including local Scouts and Guides, whose 4 County Coininission¢rs and L¢ad Voluiiteers are Ex-Offi¢io I rust¢¢s, Risk Management: The major risks faced by the Trust have becn identified and assesscd by the Execiitive Cominittee, and systems and procedures ¢stablished to maiiage the risks. The key controls used by ilie Charity iiiclude.. skills audit of the Execiitive linked to Trustee recruitmeiit; tenns of r¢f¢rence, formal agendas, aiid minutes for all Committees. c. forinal written policies; coiiflict of interest review at the start of all Governance me¢tings; comprehensive strategic planiiing, asset Inanagciiient, budgeting & accountiiig. established organisational structure and lines of reporting. clear authorisation and approval levcls. h. financial Inanag¢m¢nt and review through the Management & Fiiiance Committee; vetting procedures for Trustees, staff or volunteers inLluding DBS where relevant. the completion of a comprehensive risk r¢gister, reviewed aniiually at our away day.
The King George V Memorial Scouts & Guides Recreational Lands (The BeAudesert Trust) Report of the Tte for tlie year ended 31° Mah 2025 (cont'd) 4. Objeclives & Activities Trust's objects as listed in our scheme of regulation: The objects of the Triist are the provision in commemoration of the reign of King George V, and for tlic b¢ncfit of tli¢ public.. l. to help Scouts, Guides, and other young people, especially but not exclusively through leisure time activities, so as to develop tlieir capabil ities that tliey may grow to full maturity as individuals and meiiibers of society. 2. to promote the coiiservation, protection, aiid iinproveinent of the physical and natural enviroi)ment of Beaudesert Parklands; and to preserve tlie ruiiis of Beaudesert Hall, including a Walled Garden and other laiid, of historic and arcliitectural importance. Our Aims: I , To be filled witli young people enjoying the outdoors aiid so devcloping7 as iiidividLials aiid members of society. 2. To help visiting groups iiiake best use of tl)eir tim¢ witl) us. 3. To have appropriate. lip to date. and safe buildings and faci lities in good repair; 4. To have a range of iiioderi) activilies attractive to ilie raii&y¢ of youiig people accLssiii¥ 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 structural ly sound so that it will continue to stand and tlie publ ic can visit aiid view it. 7. To be fiiiaiicially secure so tliat all Inaiiiteiiance aiid development can be completed when required. Our Objectives and Strategy: l. Safe and secure: to provide the highest standards of safety in all aspects of the Charity's operations, including safeguarding, tlirougli appropriate procediires. 2. Governance: to havc stroi)g cl)arity governaiice by meeting all recommeiidatioiis of ihe Charity Commission and to be perceived as a well-run charity. 3. Visitor income: to grow income from visitors through widening the rang¢ of visitors and use in quieter liines, wlii 1st buildiiiby a rcputatioii for fuii & iidv¢iitur¢, fri¢iidly service, aiid cleaii facilities; ensuring the price we charge our visitors geii¢rates sufticieiit iii¢om¢ to Ir¢¢t tlie ful I costs of operatiiig the site. 4. Activities: to deliver h igh qual ity, recreational aiid adveiiturous activities that are flin and valued by our visitors tlirougli iiivcstinent in activ ities and well traiiied instructors. 5. Estate maintenance: to maintain and coiiserv¢ our buildings and the parkland of Beaudesert as a safe resource, by completing tlie one-off mainteiiance and then maintaining the site through budgeted expenditure. 6. Good employer: to create a working environment tliat attracts, retains and enthuses high alibre employees and volunt¢¢rs, and to develop the talents of our einploy¢¢s in line with the needs of the Orgaiiisatioii. 7. Development plan: to provide an infrastructure to deliver good qual ity residential fiicilities and activities in l ine witli custoiner expectations, aiid dischargF¢s our duty to coiiserve tlie Old Hall. 8. Fund-rAiging: 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 strat¢gy of the Trust.
The King George V Memoriiil Scouts & Guides RecreatlODal Lands (The Benudescrt Trust) Report of the Tte£S for the yr l'nd 31 Marnh 2025 (cont'd) Longer term objective: Tliis is eiicapsulai¢d in our Developmeni plaii to complete all outstanding maintenance and r¢furbishinents, invest iii iiew buildings and activities to reinain competitive, and discliarge our duty to maiiitaiii tlie Old Hall. aiid also to ensure that oiigoiiig income can sustaiii 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 fuiids for this will come from the annual financial surplus pl us dedicated fuiid-raising. However. our reserves iver¢ depl¢t¢d duriiig the Coroiiaviru5 paiidein ic, aiid to b¢ prepared for any future crises, we neLd to rebuild reserves to 6 iiioiiths. As investmLiit in faci l ities now is iinportant for oiir visitors, we will coiitinue both to rebuild reserves and invest at the saime time. Our prin¢ip#l aclivilies of ihe year: l. We OF£n all year for visiting groups of youiig Fwple, wid we SLKcessful in attrnctiiig visitots fiDin a wide range of orgat)isatioiis. 2. We offer a wide rnige ofactivities for all ages, wliich are adveiiturous, exciting and give oiiryoung visitors an oUr eXEne11 link to oiir wonderfiil naturnl sile on the edge of Cann(xk Chase. We ¢nI11 staff to mLYt our exwted numlrrof visitors and ivitliiii our iiiwm¢ levels. We wish to thank all our staff for their dedication and hard WO over the last year. 4. We Ulidethe Inaiiitenance on our buildings )d facilitics a8 a budgeted cos( and invLst in new or improved facilities as sutplus incoine and grants allow. 5. We offer guidLYl liistory walk510 ]¢ gaierdl public io view our grouiids a]id tli¢ remaiiis ofthe Old Hall Public benefit: The Trustees have discharged their duties with due regard to the Charity Commission guidailie oli public beiiefit as detailed liere: We provide activities that are kneficial throiigh p]Dviding opw)rtLinities for Scouty Giiides and other young pKople, eSciallY but not exclusively t1iroli leisure time activities, lo develop tlieir capabilities that they Inay grow to full maiurity &s individuals ld meinkrs of lety. This Ixiiefit is On to all youth wups and a dIOunt is given to elig)ible cliaritabl¢ organisations. By pursuing t]ies¢ aiiiis, tlie activitie5 iiianag7ed by tlie Truslees liave diie to the Charity Coiminission's public k'ii¢fit guidajice, )d buppl¢maitary public benefit guidanc¢ on advwicin education and on fee-Lhargiiig. Volunteers: Tlie Trust is committed to promoting volunteering opportiinities to provide a contribiitioii in tlie form of general service and maintendiice, assistance at specific events, and voluiiteLriiig iii tlie shop. Friends of Beaudesert: The Frieiids of Beaudesert is ali orgFanisation that is open to the public. it encompasses the local coinmunity, volunteers aiid supporters.
The King George V Memorial Scouts & Cyuides Recreational Lands (The Beaude5ert Trust) Report of the Trustsw for the year end 31st Mah 2025 (cont'd) 4. Achievements and performance Summary We have continued to successfully deliver an outdoor adv¢iitur¢ to our visitors througli higli- quality services. We continiie to be open for aiid to receive visits from a wide r¢iiigye of youth organisations from both the West Midlands and further afield. The feedback we receive from visitors shows the benefit of our work, particularly to those from disadvantaged or iniier city backgrounds where adventure and activilies in a natural environment is such a benefit for th¢m. Howev¢r lh¢ 202412025 fiiiancial y¢ar has been one of sigiiificant clialleiige aiid transitioii for our charity, as we faced a IlLiinber of unforeseen aiid difficult circuinstaiices tliat impacted boili our operations aiid our teal Key challenges Fall in income; the key cliallenge was a fall in ii)coine of 30/0 amouiitiiig to £225,000. £112,000 was a one off bookingy iii 2023, £75.000 was froni tlie loss of a Inajor contract. and ilie remaind¢r of £38.000 froin fewer bookings. Part of tlie cause will have beei) tlie cost of liviiig incr¢as¢s impacting us aiid our visitors. and partly duL to our stat'fing difficultiLs, Tliese clialleng)es are affecliiig tlie wliole oiiidoor aLtivity sector with Girlguidiiig closiiib 4 centres this year, ScoLltiiigT closiiig 2. aiid KiiigsTh'ood ivho operated 7 centres going iiilo administration. PricLs paid by yoiith groups need to cover the costs of runiiing a ceiitre togetlier with the investment need to keep tliem in gTood order. Staifing Diificullies: The year was Inarked by coiisiderable straiii on our staffiiig capacity. W¢ mourned the suddeii and tragic loss of our Cateriiig Manager, whose contribution to our cliarity was deeply valued and whose absence was profoundly felt across the organisation. Iii additioii, we faced: H igh levels of staff sickiiess Chal lenges in recruitinent Th¢ difficuli decision to make several roles reduiidaiit Iiistances of compa5sioiiale leave, which we supported fil I ly in line witli our values These staffing pressures affected our abil ity to maintain contiiiuity in some areas of service. and we are grateful to our remaiii ing teain Ineinbers. voluiiteers wlio workid tirelessly to upliold oiir standards diiring this time. We slarted the calendar year with a new staffing striicture Nvhich iiicludes an Operations manager, ALtivity staff aiid Sales iiiaiiager Iliat have broiiglit plenty of enthusiasm and ideas to the benefit of the Ceiitre. Financial Position.. Despite the operational challenges, we were fortunate to receive a legacy from the late Mrs Cotton, whose generous bequest and a temporary bank overdraft funded the Centre at tli¢ ¢nd of the winter. We exteiid our h¢artfelt tlianks to Mrs Cotton and her family for tliis extraordinary act of generosity. Looking Ahead: As Nve move iiito tlie 20?512026 financial year, our focus will be on exploring new opportuiiities. fuiiding streaiiis aiid partiiersli ips. We remain committed to transpareiicy, accountability. and the values ihat Linderpiii oiir charitable mission. The trustee5 wis11 to thank al I staff, volunteers, donor.s, and partners for their continued support and resi li¢nc¢ during this difficult year.
The King George V Memorial Scouts & Guides Recreational Lands (The Ileaudesert Trust) Re)rt ofthe Trustees for the yegr ended 31. March 2025 (cont'd) Objectives: Safety: We maintain a strong management of safety within the Trust, meeting all oiir statLItory safety obligatioiis. We contract an external health and safety auditor to audit our practic¢s and update our policies, to meet besi practice. We also contract an external adventurous activity advisor who audits our practices, trains our slaff aiid provides advice when needed to eiisur¢ we carry out adventurous activities safely, Investment.. Due to restrictions on available funds, we liave oiily managed to invest in th¢ site where it was absolutely necessary or where we received grants. Visitors: Nuinbers dropped substaiilially in 2024, and liard work in 2025, is showing some sigiis of an upswing in bookings for 2026. Rel#tionship with employees: We work H'ith a maiiageiment team of the Operatioiis aiid Deputy Operations Manager, Activity Manager, Calering Managcr, and teain meinbers wlio deliver tlie programiiie and activities for our visitors. This iiicludes botli freelaiice staff for peak tiines aiid appreiitices. We aiin to foster a positive relatioiiship witli all oiir staff. Activity Centre Registration: AALA, LOTC, BAPA We are liceiised by Adveiiture Activities Liceiising Sclieme. which inspects tlie safety maiiagement system for prov iders of adveiitiire activities to young people uiider the age ot. 18. We maiiitained recogiiition for Learning outside tl)e Classrooin and with British Activity Prov iders Association. Fundraising: The Trust has been active in fuiidraisiiibv 111 th¢ followiiigy Inaniier: l. We apply to as many grant making bodies as possible linked to oiir Development plan. 2. A professional fundraiser has not beeii used. 3. Fundraising is monitored by the Management & Finance committee and reported to the Executive. 4. No complaints liave beei) received regarding fundraising. The oiily approacli to the publii for fui)draising lias bi'eii donations froin the meiiibers of Frieiids ot. Beaudesert. No uiidue pressure has been applied to tliose members.
The King George V Memorial Scoiits & Guide5 Recreational Lands (The Beaudesert Trust) Rep)rt of the TnLStees for the year ended 315t March 2025 (cont'd) 6. Financial review Income from activities: Incoine for the year was £572,261 which was 30% doivn on the previous year for reasoiis outlin¢d in tlic key cliallenges we exp¢ri¢nccd during the year. Costs: We continue to review and control operating costs which amounted to £725,867 (2024.. £830,401) which was a decrease of £104,534 on last year. This was achieved by the lower turnover requireinent for less servic¢ costs and a reduction of staffiiig Costs tlirougli redundaiicy and changes of staffing structure. We continue to estiinate a minimiim of £25K pa will be needed for the foreseeable fiiture to ensure essential oiie-off repairs are coinpleted iii a timely mani)¢r <iltliougli e.xperience has slioivn that tliis is ofteii higl)er. No Truslees are paid, and no employee eariied over £60,000 pa. Deficit: Altliough total incoine decreased by 27% total expenditure only decreased by 130/0 wliich led to a deficit of £135.402, Takiiig¥ into account depreciation of £31,878 thcre was slill an overall deficit of £103.524. Current year., The loss of the Warwickshire Col lege contract and otl)er challeiiges experieiiced in 24125 lias resulied in an I 10/0 drop in visilor numbers projected for this year. However, costs have be¢n reduced by 300/0, offsetting much oftlie impact. Po.sitive fecdback and slrong rebooking, along with potential new fuiidinby aiid activities, siiggest a small defiLit tliis year and a projected surplus next year.
The King Geoi'ge V Memorial Scouts & Guides Rccreational Lands (The Beaudesert Trust) Rert of the TLSt for the year elld 31, March 2025 (cont'd) Net assets: The Net Asset position at 31 51 March 20?5 was repr¢s¢nted by th¢ following main items: Tangible assets after revaluation in 2019 have a carrying value this year of £1.466.958 (2024: £1,487,831). During tlie year £1 1,005 was incurred on iiew fixed asset5 and the depreciation charge was £31,878. Debtors decreased by £523 from £34,774 in 2024. Cash at bank and in hand of £5,359 (2024.. £155,954). Creditors falling due within one year of £l18,?8 are down on tlie figure for previous year by £33,042. Creditors over one year are all for th¢ Bounce Back Loan which will be repaid over 9 years from Feb 2022. Reserves Policy: Tlie Trustees have established a policy that the free reserves of tlie Cliarity. should be between four and nine Inonths of operating costs, wliich provides sufficient fuiids for the charity to survive a significant drop in funding, or busiiiess iiiterriiptioii. Fiitiire reserves will bc startiiig from a balaiic¢ of iieg?ativc fuiids of, £ l 01,171 licld ai 31 st Marcli 20? 5 (20?4.' positive £16.?5 8). Investment Policy., Apart from retaining a priident amount in reserves each year, most ot. the Charity's funds are speiit in the sliort terin, so there are few fiiiids available tor loiig-terin iiiwestinent. Haviiig considered s¢veral optioiis available. it was decided to iiivesl aiiy fuiids not required shorl terin in a low risk cominercial bank deposit account. The Trustees continue to review tlie Charity's investment policy aiinual ly. Internal controls: An aniiual budg¢t approved by the Trust¢es' Appropriate delegation of authority and segregation of duties. Private benefit: The Trust confirms that it does not provide any benefit to private individuals witli tlie exceptions of payiiient for liability iiisurance which has been authorised by the Cliarity Commission in a scli¢in¢ dated l O February 2004. th The Truslees, report was approved by the Executive on 16 October 2025 and signed on their behalf by:_ Mr J Cotton Chairinan Mrs E Gumb Treasurer
Independent Examiner's Report to the Trustees of The King George V Memorial Scouts & Guides Recreational Lands (The Rleaudesert Trust) report to the charity trustees on Iny exain ination of tlie accounts of tlie cliarity for the year 31, March 2025 which are set out on pages I I to 19. Responsibilities 2nd basis of report As tlie charity's trustees you ar¢ respoiisibl¢ for tliL prLp(Ii'alioii of ilie accouiits in accordance Nvitli the requiremeiits of the Charities Acl 2011 ('tlie Act,). report in r¢spect of Iny examiiiation of tlie cliarity's accouiits carried oiit under section 145 of the Act aiid in carryiiig out Iny exam iiiation I have followed al l ilie appl icable Directioiis given by tli¢ Cliarity Comniissioii linder section 145(5)(b) of- tlie ALt. Independent examiner's stalemenl S iiice tlie ch(Irity's gyross income exc¥eded £250,000 your examiiier Inusi b¢ a Ineinber of a body listed iii section 145 of tlie Act. I coiifirni tliai l (im qiialilied to Liiidertake ilie exainiiiatioii becau.se l aiii a meinber of Tlie I nstitutL' of Cliartered Accouiilaiits iii Eiiglaiid & Wales, wliich is oiie of the l isled bodies. I have completed my examination. I confirm tliat no material Inatlers liave coiiie lo my atientioii iii conneclion witli the exam inatioii giving me Lause to bel ieve tliat iii aiiy material respect: accounting records were not k¢pt in respect of the cliarity as reqii ired by section 130 of tlie Act. or tlie accoiiiits do not accord witli tliose records liave no concerns and have come across no othLr matters in coniiection willi the exam iiiatioii lo wliiLh atteiitioii shou Id b¢ drawn in tliis report in order to enable a proper uiiderstaiidiiig of the accouiits to be rcaLlied. Cliarter Court 2 Well House Barns Chester Road Bretloii Chester CH4 ODH Andrew J Bradsh w, F For and behalf of ra Chartered AL¢ounlanl5 aws Liinited, Ih 16 October 2025 10
The King George V Memorial Scouts & Guides Recreational Lands (The Beaudcsert Trust) STATEMENT OF FINANCIAL ACTIVITIES ror lh¢ year ending 31" Marcb 2025 2025 2024 Restricted Funds Note Unrestricted Restricted Funds Fullds Total Unrestricled Funds Total Incoming from: Doiiations and gifts 10.795 6.900 17,695 2,190 5.721 7,911 Charitable Activities 572,261 572,261 804,781 1.500 806,281 Investnient Income 509 509 2,299 2,299 Total Incoming 590 465 809 270 816491 Expenditure on: Charitable activities 72? 6?2 3,245 725,867 826 ?05 4,196 830.401 Total Expenditure 722,622 3,245 725,867 826,205 4.196 830,401 Net income Gains oil revaluation of fixed assLts (139,057) 3,655 (135,402) (16.935) 3,025 (13,910) N¢t movement in funds (139,057) 3,655 (135,402) (16,935) 3,025 (13,910) Reconciliation of Fund5 l."uiid balaiices brought forward at I, April 2024 1,490,154 16,198 1.506,3 52 1,507.089 13,173 1,520,26? Fund balances carried fonvard t 31, March 2025 13 1351097 19853 1370950 1490 154 16 198 150635? The notes on pages 13 to 19 form part of these financial statements.
The KRng George V Memorial Scouts & Guides Recreational Lands (The Beaudesert Trust) BALANCE SHEET as at 31" March 2025 2025 2024 Notes Fixed assets Tangible assets 1,466,958 1,487,831 Current assets Stock Debtors Cash at bank and in hand 10,905 34,254 5,359 12,790 34,774 155,954 10 203518 Currenl liubilities Creditors: Amuuiits falling due within one year 118281 151323 Net current assets Total #ssets less current liabilities 1,399,195 1,540,026 Creditors: Ainouiits due in more than one year 12 (28.245) (33.674) Net assets 1,370,950 1,506,352 Represented by: Charlty Funds Restricted fund Unrestricted fund General Fund ii)cILides revaluation reserve of £784,628 (2024.. £795,632). 18 13 19,853 16,198 1,351,097 1,490,154 1,370,950 1.506,352 th The financial statements were approved by the Trustees on 16 October 2025 and signed on their behalf by:_ Jeremey Cotton, DL Chairman Elspetli Gumb Treasurer The notes on pages 13 to 19 form part of these financial statements 12
The King George V Memorial Scouts & Guides Recreational Lands (The Beaudesert Trust) STATEMENT OF CASH FLOWS as at 31st March 2025 2025 2024 Notes Reconciliation of operating surplus to net cash inflow from charitable activities Operating surplus Restricted Unrestricted 3,655 3,025 (152,191) (26.097) Depreciatioii 31.878 32.562 Movement in working capital (I ncrease) / decrease iii Stocks (Iiicrea5e) / decrease iii dcbtors Iiicrease / (decrcase) in crcditors Deposits oli futur¢ courses 1,885 520 (24,687) (12,645) (368) 744 13,381 9,165 Net cash inflow from charitable activities (151,585) 32,412 Nel cash inflow from charilable aclivities (151,585) 32,412 Inveslment income & donations Returns on investments and servicing of finance Donations Bounce Back Loan Ii)t¢r¢st payable 509 17,695 (5,295) (914) 2,299 7,911 (5,163) (1,048) Application of funds Capital Expeiiditure (11.005) (35.969) {150,595) 44? Reconciliation of iiet cash flow to movement in net funds Decrease / Increase in cash in the year Net bank position 151 Apri12024 Net bank position 31, March 2025 155,954 155,512 10 5,359 155,954 13
The King George V Memorial Scouls & Guides Recreational Lands (The Beaudesert Trusl) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31" March 2025 Accounting policies Basis of preparation and assessment of going concern The accounts (financial statements) have been prepared under the historieal cost convention with it¢ms r¢cognis¢d at cost or traiisa¢tioii valu¢ uiiless otlierwise stated in tlie relevant notes to th¢sc accounts. The financial statementq have been prepared in a¢cordcince with the Statemenl of Recoillineiided l)ractice: Accouiitiiig aiid Reporting by Cliarities prepariiig tlieir accounts in accordancc with tlie SORP 2019 Financial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102) origiiially issued in July 2014 aiid the Fii)<inLial Reporting Siandard applicable in the United Kingdoin and Republ ic of Ireland ( FRS 102) diid the Charities Act 2011 . The trust constitutes a public benefit eiitity as defined by FRS 102. Tlie Trustees consider that there are i)0 uiicertaiiities about the Trust's ability to coiitinue as a goiiig coiicerii over the iiext twelve months. Depreciation All tlie fixed assets are used for ilie direct furtlieraiice of tlie Charity's activities. Deprecialioii is calculaled to write ot-f the Losts of taiigible fixed ass¢ts over their expeLted useful economic lives usiiig the followiiig rates'.- Freehold buildiiigs 2 % per aniium straig7hi line Equipinent - l 00/0 per aiiiiuin straiglit liiie Trustees have reflected in tliese Fiiiaiicial Accoiints a valuation of tlie inalieni£ ble asset of the land. An cslimated valuatioii of £850,000 lias been placed 01) tliis 14iiid followiiigi tlie valu£itioii iii Deceinber 2019 by Boot & Son.. Fund accounting Geiieral fuiids are uiirestrict¢d fuiids wliicli are available for use at tlie discretion of the trustees iii furtherance of the general objectives of the Charity aiid which have iiot beeii designated for other purposes. Designated funds coinprise uiirestricted funds that have beeii set aside by the trustees for particular purposes. I"he aim and use of eacli designated fund is set oiit in the iiotcs to tlie finaiicial statciments. Restricted funds are funds wliicli are to be used in accordance witli specific restrictioiis iinposed by donors or wliiLli have beeii raised by ihe Charity for particular purposes. The cosl of raisiiig and administering such funds are cliarged against the specific fund. Th¢ aim and use of ¢a¢h r¢stricted fund is set out in the notes to the financial statemenls. Incoming resources Al l iiicoii) ing r¢50urc¢5 ar¢ included in th¢ SOFA whcii th¢ Cliarity is l¢gal ly ¢ntitl¢d to the incoine and the ainount can be quantified with reasonable accuracy. For legacies, entitlement is the earl ier of the Charity being notified of ali impeiiding dislributioii or tlie legacy being received. Gifts in kind donated for distribution are included at valuatloll (ind reLognised as iiiconie wheii tliey are distributed to the projecls. Qiills doiiated lor resale are included as income when they are sold. Doiiated facilities are included at the value to the Charity wh¢r¢ this can be quantified and a third party is bearing the cost. No amouiits are included in the financial stateillents for services donated by volunteers. All grants are accounted for gross when receivable. Grants payable are recognised as expenditure when the commitment is eiitered into. 14
The King George V Memorial Scouts & Guides Recreational Lands (The Beaudesert Trust) NOTFS TO THE FINANCIAL STATEMENTS (cont'd) For the year ended 31" March 2025 Accounting policies (cont'd) Resources expended All expenditure is accounted for on ali accruals basis aiid lias been classified under head ings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they liave been allocated to activities on a basis consistent with use of the resources. Fund-raising costs are those incurred in seeking voliintary contriblltions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in siipport of expenditure on tlie objects of the Charity and iiiclude project management. Maiiagement ai)d adminisiration costs are tllose incurred in connection with adiiiiiiistration ot the Charity and coinpliaiicc witli constitutional aiid statutory requirements. Stocks Stocks ar¢ valu¢d at ilie lower of cost aiid net redlibable valu¢, afier Inakinbp due allowaiiL¢ for obsolete and slow moving iteins. Pension Coiitributioiis to d¢fiii¢d coiitribution plaiis are r¢cogFiiised as ali expeiise in tli¢ period in whicli Ili¢ related service is provid¢d. Prepaid coiitributioiis are recogiiised as an asset to ilie extent tlial Ilie prepayment will lead to a rediiction in fiiture payinents or a cash refLllId. Unrestricted Restricted Funds Funds Total Unresiricied 2025 Funds Restricted Funds Total 2024 Donations and gifts Donalions aiid Gift Aid 10,795 6,900 17,695 2,190 5,721 7,911 91).Q JL695: Unrestricted Restricted Funds Funds Total 202S Unreslricled Reslri¢(¢d Funds Funds Tola 2024 Bank interest 509 509 2,299 2,299 09. 15
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 2025 Income of the Trusl Unrestricted Restricted Funds Funds Total Unrestricted Funds Re5tri¢led Funds Total 2024 Fees, Facil ities aiid Activities Otlier income 570,082 2,179 570,082 2,179 804,781 804,781 1,500 1,500 5 Charitable activities Unrestricted Restricted Funds Funds Total Unresiricied Funds Resiricted Funds Total 2024 Staff costs Heat and l ight Repairs and renewals Cliapcl Deinolition Activity expenses Estate Inanagyeineiit Rates and water Telephone post aiid statioiiery Retai l and Cateriiig costs Iiisurance Travel and subsistenc¢ Depreciation Legal and professional fees Iiidependeiit exam incrs fees Other costs Baiik charges Loan Interest 400,329 58.724 23,871 400,329 58.724 23.871 415,428 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 75,110 16,981 18.332 2.303 75.110 17,147 18.332 2.303 166 48.063 48,063 26,680 264 31,878 109,142 ?5,013 644 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 1.048 264 28,799 11,112 2,553 5.689 2,8(}8 914 3,079 2,696 2,5S3 5,689 2,898 914 Staff numbers 8nd ¢o$tS The key managemeiit personnel of tlie charity ¢oinpris¢ th¢ managers in cliarge of the ceiitre, guest services and health & safety. The total employee benefits of th¢ key managienieiit personnel of the Trust were £72,?84 (2024.. £78,201 No employee of the charity received emoluinents of more tlian £60,000 {2024: none). During tlie year the average Inontlily h¢ad couiit was 23 einployees (2024.. 23). The cost5 to tlie Cliarity were- 2025 372,371 18,531 9,426 2024 385,479 19,129 10,820 Wages and salaries Social security costs Pension costs 16
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 2025 Trustees, remuneration and expenses None of the Trustees received any remuneration for services to the Trust. Expenses incurred by Trustees on behalf of the Trust M'ere often gifted to the Trust. Tangible fixed assets Freehold Land gdnd buildings Planl and Equipment Total Cost or valuation At I" April 2024 Additions 1,506,757 322,304 11,005 1,829,061 11,005 As at 31 March 2025 1506 757 333 309 1840 066 Depreciation At I Sl April 2024 86,231 254,999 341,230 Charge for the year 20.202 11,676 31,878 At 31 st March 2025 106433 266 675 Net book value At 31" March 2025 1,400,324 66,634 1,466,958 At 31 st March 2024 1,420,526 67,305 ,487,831 In order to comply with th¢ provisioiis of tlie SORP 2019 Accouiitiiig aiid R¢portiiig by Chariti¢s (FRS 102) Ihe Trustees have reflected in these Financial Accounts a valuation of the land and buildiiigs. In December 2019 the grounds and buildings of the trusl were revalued on an open market basis valuatioii at £1.5111 (before the dLinolitioii of tlie Chapel) by Boot & Son, Iiidependcnt Chartered Surveyors, of Caniiock, Staffs. The historical cost of the land aiid buildiiigs (included in the fiiiancial stateinents at valuation) is £715,374 (2024., £704.369). Tliis represents the costs inciirrcd by the charity since the lands were donated to it and no cost is attributed to the original laiids.
The King George V Memorial Seoutq & Guides Recreational Lands (The Beaudesert Trust) NOTES TO THE FINANCIAL STATEMENTS (cont'd) Fur the year ended 31" March 2025 Debtors 2025 2024 Trade debtors Prepayments 12,147 12,857 10 Cash at bank and in hand 2025 2024 Bank accounts 155954 Creditors - amounts falling due within one year 2025 2024 Trade creditors Taxation & Social Security Deposit for future activities Accruals Bouiice BaLk Loaii 4,923 14.902 83.165 9,865 13,3?7 15,936 95.810 20,957 118281 151323 12 Creditors- amounts falling due more than on¢ year 2025 2024 Bounce Back Loan 13 Analysis of net assets between funds Unrestricted Restricted Fund Funds Total Funds Fund balances at 31. Marcli 2025 are represeiited by: Tangible fixed assets Current assets Less Current liabilities Less.. Creditors due in more than l year 1,452,268 45,355 (118,281) (28,245) 14.690 5,163 1,466,958 50.518 (118.281) (28,245) 351097 1370 950 14 Capital commitments There wer¢ no capital commitmcnts authorised or contracted for at the year-end. 15 Taxation The Charity is exempt from taxation oii any incoiiie or capital gains.
The King George V Memorial Scouts & Guides Recrealional Lands {The Beaudesert Trust) NOTES TO THE FINANCIAL STATEMENTS {eont'd) For the year ended 31" March 2025 16 Financial Instrument In order to finance their working capital reqLiirements. the Charity. had received a loan from its Bank tlirougyh tlie Bouiice Back Loan sclieme. Tlie Baiik agreed that the loan will be interest bearing. Tlie loan is recognis¢d in th¢ Charity's Balaiic¢ Sli¢¢t as a ¢r¢ditor du¢ withiii and aft¢r l year. Und¢r Section I l of FRS 102 this will be the present value of tlie casli payable to the Bank. 17 Control The Charity is uiider tlie coiitrol of ili¢ Trust¢¢s. 18 Restricted funds Opening Balance Net Incoming Resources Transfers Closing Balance Cal Day Arcliery Range Cliinbiiig Wall R¢ception Renovations Grass Sledging Guide House Teiit Vil lage Park Eqiiipinent CCTV Bui Idiiig Equipineiit Pedal Carts 3.000 1.565 2.263 187 1,876 630 946 700 2.150 2.161 720 ( 1,000) {682) 2.000 1,883 4,763 124 1,616 560 3,446 600 2,300 1,921 640 1,000 2,500 (63) {260) (70) (500) (100) (?50) (240) (80) 3,000 400 Restricted funds Most of tli¢ funds received have been expended on capital projects whLre they are being depreciated over a ten year period. 19