KIBBLESTONE DISTRicr scoirr COUNCIL TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2022 KIBBLESTONE DISTRICT SCOUT COUNCIL TRUSTEES, REPORT FOR THE YEAR Ef4DED 31st Deeembtr 2022 The preseni their annual retkn and the utwmtitrd financiai sta*ments for the year ended 3 1st December 2022. The t￿￿CeS have pleasure in ptesentinB the Annual Report and financi31 5tateTnents for the )'ear ended 31st December 20?2. The f￿anCIal stsiements have been PreP￿ed in acwrdance w'ith the s￿tement of Recommended Prarti¢¢.' Accouniing and Reporting b}. Chariiies prepartng their aceounts llj accordan¢¢ with the SORP 2015 Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 1021 and the Financial Reporting Stsndard applicable in the unL￿d Kingdom and Republic of Ireland (FRS 1021 and the Charities Aci 2011. Ch#rity Nurnber 524533 Presid¢nt The Lord Mayorof S￿ke4￿￿TrenI Vice Presidents The Ma)'or of Ne￿.￿l￿-Undtr.L!The. Ken Adams Gretta Bloor. Strve Broadhur54 John Captw. Mike Deakin. Albert Hart Trevor Mardlin& Susan Mea¢ham. Phrl Shernilt. Rosemary Thys. Vi¢Lor Thys Executtve Committtt Ul￿r ChaTity Legislation the TnJs*es of the Disrm SCO￿ COU￿11 ore the EXeC￿lYe Committee and the names of those who served since the Ilst Annual Gernl Meeting in 2020 are detailed below. Ex-OffKio M￿¢ Willis Clive Leader Karen Stevens Simon Gough Stevan Fem Districi commi￿loner Disthci Secretsry District Trstsurer DistrKt SAS Manager Eleeted Members Tthn m￿an, Naomi W( District ComMi￿￿￿eT'S NomiD%liDD5 Andr•4' Wilding James Lew'is (appointed 18th (￿t0￿r 2022) Jxkie BrtKklehur5t lappoinied 22￿ November 20221 District Commissioners oftbe Di%trnts ]¥•miDa￿L Newcastle Distrirt Potteries North Di4ri Vigga Colin Greathach Jnr Dayid Smtth Distritt COMM￿l0￿tr5 of the Distri¢ts Young Persots Nothill*liDD Position Va￿nI Illvited Members K8ren Stever R￿bI ofAttendamce County Commissiot C(yJnty' Chair KIBBLESTONE D15TRicf SCODT COUNCIL TRUSTEES. REPORT FOR THE YEAR ENDED 31st December 2022 IcontiDu¢d) Carnp5ite KEbbI￿ne iniematicn)al Scout Camp. Th11[￿ Stone. ST15 8UJ Tel= 01785 813407 IndepeDdeD¢ ExamiDers Brnd5haw& Charte￿d Awountants. B8nkers Unty Trw Bank Structutt. goTh'ernanf¢ and m*nagement The kev governing d￿Umen[ thn)ug1M￿l th¢ reFK>rting period for this Chariry. is the Swut Association's Polici.. C￿nISation and Rules {'"PO&R"I Thi5 has been supplemented bv a 5peciall>' adapted Constitulion stnce 2TrJ Jun¢ 2015 to recognise that this is a SFecial District under-PO&R" The Executive Committtt ddatlcd th)ve. which meets at least six times w Y￿r. adminis*rs the Charity. There are sulFcomtnitttts including a Management and Finance Team, Health and Safety Team and 8 Campsi* OF¢ralions Team w.hich m¢el more regularl). and deal with the d&y-tithy issues. Trnstees. re5PODsibilities sl*tethenl The TruMees are responsible for preparing the Trustees. Annual Rewbrt and the financial 5tatemenrs in aceordonce with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Aceepted Ac¢ounting Pradice). The law applicable io elwities in England and Wales wuires the Trustees to prepare financial staietnents for each finan¢ial which give a true and fair view of the situahon of the Chwity aT]d of the incoming resouwes and application of resources of the Charity for th* year. In preparing these financial statements the Trustees are required to.. selecf suitable accoLmting policies arKI then aM)l)' them ¢￿s75￿t￿.: observe th¢ rn¢￿ and principles in the Charitie5 SORP ?019 {FRS 102)" makt jud¥efflent5 and estima￿ thai arr rv&qTrnable and prndent: stale whether applicable accouniing $thnd￿ have been followe& yjbject to any material depart di5clos¢d and explained tn the financial ststements. prewdre the financial 5tatem¢nts the 8ort]g wrKem basi% unless il is inappwate to preswne that the Charity. will continue in operatio The Trustees are responsil>le for keeping proper ac¢ouniing records thai disclose w'ith reasonable ac¢urdCy at any time the f]nancial position of the Charity and etjable ihan io ensure thai Ihe f]nancial ststements comply with the Charities Act 2011, the Clwities (Accounts arkd Repons) Regulations 2008 and the provisions of the twst deed. Tho. are also responsible for ￿feguarding the assets of the Charity and hen¢e for taking reasotthle steps for the prevention and deieaion of fraud and other irreguiariiies. KIBBLESTONE DisfRicf Scol￿ COUNCIL TRUSTEES. REPORT FOR THE YEAR ENDED 31si Deeember 2022 (fontiDu¢d} Risk m8tt*gemettt The Trustees activety review the major risks whi¢h the Chariry faces on a regular b&si5. The key risks are the safe¢N' of the u5ets of our campsite and ihe hrdlth and safth of our emplo)iYs. Financial risk is managed by rnainlaining free reserves ai levels thai ￿.111 provide sufficient re50ur¢es in the eveni of adverse operating conditions. The Trusttts hai'e also examined other opuational risks whieh they fa¢e and confiTm that they ha￿e estsblished S>'s￿￿$ to mitigate the signifirant risks. Volunteers and gifts in kind Much of the adult leadership and sUp[￿)rt within the Districi is received on a voluntary. basis and many of th¢5e adults do claim their exwL8es. The Chan"ty 15 grdieful for this contril)ution w'ithout which it could not funciion. Thanks akn io the Ki7>blestone Sc(Mrt Artive Suppm unti for their &sSi5tan¢e in fimdraising and supporting the Campsite owathon Objectives public benefit and 4¢1ib'ities The asm of Kibblestone Districi Scoui Council is to support young people io promote their development nd empo*er them u) make a POSiii&e contribution to ￿le1). by oF*rniing Kibblestone International Scout Camp. b&sed on the value% of Scouting and compl)'ing M'ith ihe safeguarding and safety ￿licIeS of the Scoui As%)ciation. This is aehie&'ed by )'oung people. in partnership w'ith adults, workin8 together b&%ed on the values of Scouiing and enjoying ￿'hat the% are doing and has'ing fijn, taking part in indoor and outdwr afflivilies. learning by doin& sharing in spiriwal reflectiow taking responsibiliry. Making ehoi¢es and widertaking and challenging aaivities. The Trustees have 8s5es5ed the aim& a¢liviiies and charitsble objectives which are io contribute to the developmeni of young people in a¢hi•'ing their full phl'sical. intellectual, social and gpirittlal potentials as individuals. as respx)nsible ciliienl and &s member5 of their local. national and iniernational communities. We believe that we have rnet ihe Charity Commission'5 publtc E*n¢fii criieria for both th¢ advancement of eduraiion and the advancement of citizenship or community developm¢nL We comply with the key prinripl¢s of public benefit sd by the C4)mmission: Identifiable benefit - The way in which we help )'wig people in their personal development and empowers them to make a posilive contribution 10 50ciery. This bthefii 15 directly linked to the Purpose of Scouts. 2. Publi¢ benefii - Scouts is a naiiona] movemenL (yen to young people aged 4-25 and adults who are willing to make the Scoui PmrDise. People in areas of deprivation are able io benefit from our programme: while we charge a subwiption to our metnbers, access to our benefits aren't constrained by a Tnember's ability to pay. The principal activity of the KibbIw¢X￿ DistrKi Scout Council is to and d¢velop Kibblestone Intemational SCO￿ Campsite at Oulton, near Stone. in Stsffordshir¢ and manage the investment property rtfolio in Hanley all for the tr*nefit of memtr*rs of the S¢oui Movement and otherorganisation5 Mith similar objcrtive5 for the i￿efft ory0w￿ people. li may also ￿￿ke available the facilnies of Kil)blesty￿ to other memttrs of the Seout Movement aThJ to any rganisation thai has similar aaivities io Sc A¢hie*¢mtThts perforni*Dte The year saw the rewm to a nomial optrdting rnod¢l following No diificuli N'edrs impacied by the Covid pandemic. Scoulin¥ actLWltics tetutned c105¢ io hi510ric le%els alongside b(xTrking5 frotn Schools and swns groups. Most signifi¢anily the Charity succe55full)' delii'ered a large prOgra￿e for the N*ional Citizen seThI￿. The combination of these aLlivities resulted in the delivery of successfvl t￿t¢omeS to record numbers of young people with ¢xcupancJ' close io double the pre ¢ovid norni. Supporting this level of activity requijrd exceptional efforts from the *aff and volun*ers but result￿ in a very pleasing delivery of the Charity's objective on a muCh-incre&￿ sole. Alongside the delivery of xtiyity progrdms. e&seniial maintcnance of the fxilities h&s wntinued. We oniinue to mana¥e and market our invesrnent properties in Hanle).. The two tenants of the ￿.0 larger properties i)p¢rate in the leisure secthr. Both survived the pandemic aThJ have returned to nornial trading. We continue io work to suptK>rt them to p￿¢¢1 ihe Charity. 5 and income. The two smaller twies remained vacant during the ytrdr but we are currenily fu￿1$in8 the letting of one of them. FinaThcial Review Th¢ fvll financial posiiion is disclosed in the attached x¢(￿lts. Our ge1￿1 fvnd (knoym Ls an unrestricted ffijnd) sknws an ex¢es5 of resources expath over incoming resources of £70.839 {2021.. £81,137). The total incoming resources value in 2022 was up by £420291 at £644.664 (2021.. £224.373k an increase of 18P/•. Grant5 received during the }ear ￿ere doHiJ b). £44.076 10 £15.100 mainly t￿?use last >e*r the Char]"ty w&5 in receipt of ihe Coronavirus Job Reienrion Scheme grants. Total gt￿ts r¢¢eived in 2022 amounted to £15.100. Totsl resourtts expended in the ye4r increased by £408.020 c(xnpreJ to 2021. Charitsble activity expenditUTe increased by £363.050 and fiJndraisD)g &tivities increased by £12263. The total resources expended in 2022 was £716.667 (2021.. £308.647A Tepre5enting a year th ycar increase of132 /•. The Net Asset position at 3 1st December2022 was represented by the following main iterns.. Tangible assets of £1.448.328 (2021.. £1,481.988) ￿1￿C$ to the purch￿ of £33.52] of new Lssets and with an offs¢ttin8 deFffe¢iation o1£67,181. Investments were not reva]ued laA year and have remai1￿ * £710.(NXI (2021.. £710,(Kx)). Debtors have d¢¢rewd by £16.166 ftom £39.659 in 202110 £23.493 in 2022. The batance of e&5h at Eonk and in haTrJ h&s deere￿ in 2022. ￿ £175,059 (2021: £186.684). CreditOf5 at the y¢ar-eThl of £40J77 Q021.. £33.410). At the year-end the restrictrd inwme fut¥Js value h&% deCrn%￿ from £45223 in 2021 to £44.059 in 2022 through a depreciaiion charge. As a fESUtt of our excess of owdttijre over income our unrestricted income nds decreased to £227&845. The movantht in Net Assets of £72.W3 represents a 3O/ts decrease year on KIBBLESTONE DISTRicf SCOLry COUNCIL TRUSTEES. REPORT FOR THE YEAR ENDED 31st December 2022 IcoDtinued) Reserves Policy The Trustees have examined Charitys rwuirements for reserves in the lighi of the key risks to the organisation. Given the Chartty's to the w)certainiies of wtathtt and maintenance costs. the principal risk in this r¢gard i5 a situation wher¢ incotne falls and or costs rise requiring a deficit to be financed until such lime as new busin￿ wi be secured andor costs reduced. The Trusttts have established a w)licw whereb) the ututSiTiCted funds not committed or invested in tangible fixed assets lthe'free reserves,) and after any knoMT4 rtyuir& designarions held b), the Charirj. should at least exceed the m&Kimum deficit the Tn]sttts believe it ts likely could be incur￿. These reserves would be needed to meet working capital requirements 5h(w]d there be a significant reduction in income or increase in costs. The TTus*es are confidenr that at such a level M'ould be able to continue the activities of the Charity in the event of a signifhcani thort-ternj reduction in funding. As ai the Balance Sheet date the level of frte Teserves is £133.081 (2021: £171,424). This is considered suff￿lent to compl}. ￿'1th the aE&)ve wlio.. Investment policy The Scout Association's PO&R sets the way the of the Division may be Invest￿1. The Division has some investment prorErty' w'hich is prof¢ssionall)' managed and prLNJuces rentsl income used in the ffijnherance of charttable objeaives. The remaining fiD)ds are kept &5 Short-ie￿ deFMlSifS in accordance with Extent of dependenct on dfjnor5 The Charity is de￿dent on any particular d￿Or5 but TnLStees are very appreciative of all who hayc donated in SUp￿rt of the Charity's artivities. Pla4$ for fviwre ￿TI￿d$ Ai the time of WTitin8 thi5 Ttport b(M)kings from Scouts and other j'outh groups are looking Strong despite the cost-of-living crists and w'e are particuLvl)' I￿king foTh'ard io hosting the Internatitinal Muslim Scout JamboTee. Changes in the way that the Nationa] Citiz£nship Scheme 15 ¢waioJ and commissioned in the wrrent year mean that H'e Lmable io deliver our pro8ramtne in the w'av w'e did in the year ended Dece[n￿r 2022 lthough we ho￿ to be able to win smaller scale contracts from new delivery agen¢ies. The iM￿l is total levels of activity. will be much redLKed on the prior )'ear and costs art king managed appropriately. The safety. and w¢llb¢ing of the campsiie stsff and cU￿0M￿S and the 5e£urity of the site are of uttnost importance and the Ttusiees and matugemeni *am are f￿used on ensuring this is noi compromised. We have commissioned review5 of tree. el￿triCal and fire safth. io ensure this is the case. As a result a higher- than-nomial level of eX￿nditute on repairs and maintenance h&s incurred. The TnLStees and management team however. remain confideni adeqU￿t reser¥es remain in place to supwrt continued successful operntions into the fiEture. KIBBLESTONE DISTIUCt SCOUT COUNCIL TRUSTEES, REPORT FOR THE YEAR ENDED 31￿ December 2022 {coD¢inued) Phn$ for futyr¢ ptriods l¢ontinKd) We aim io continu¢ to increase mith¥eek busin￿S by attrading ￿her youth gnwp5 as well &5 SCh￿IS through the Learning Outside the Cl&ssr(x)m accrVJitsti￿. We will continue to de¥elop volunie¢r oprK>rtunities through Cor￿Tate Vol￿(eer schemes and to incre￿ fijthising aciivities aThl OH￿￿ltieS. Projects due for completion at Kibblestone dwing the coming year Tnclude the rekvtion of the archery range and redevelopment of the cave n￿￿. We ¢ontinue io maintain and improye the buildings in the Charity's porrfolio. Projeets have been completed to ensure thai all ￿lIding5 ¢ompt)' wth current fire and electrical 5aftty' regulatiotLS. The Chariti, recognises thai the site must k able to rea￿ to the changing of its Customers. and the existing buildings w'ill be adapted io allow us io do that. The TrI￿eeS and management leam will CMiinue ￿ devebp the 5ucce55ion plan atMI ensure the Charity has the 5UPPQrt il rteds io continue w grow. Reporling A¢¢oumtsDts A resolution will k prqx)sed for the trapp)intment of Limite4 Chartered Accountants as the Independcnt Examiner Th¢ Tnsttts report approved by the Tru*e5 on P June 2023 signed on their behalf by:_ MrMWiM Chairrna INDEPENDETr￿ EXAMINER'S REPORT TO THE TRusfEES OF KIBBLLSTONE D1sfR[￿ SCOUT COUNCIL I report to the charity trustees on MN. eumination of the xc(wnts of the charity for the year en(led 31st December 2022 ￿h1O 2,158.328 2,191,988 Ci1RRENT ASSETS 15 16 6,401 23.49.1 175,059 9.986 39,659 186.684 tkbtors Cash & bank at)d in hand 2￿￿.95] 236.329 LI.4BILITIES Creditors fallillg due withÉn OTK year 17 140.3771 133.410) NETCURRENT ASSETS 164.576 202.919 NET ASSETS 2J22.(AM 2.J94.907 THE FIINDS OF THE CHAlUn' Restrict¢d incorne funds Unrestricted income fund5- includ¢s revaluation reserye or £710,0(K>12020- £710,Q)01 18 44,059 45,223 19 2.278.845 2.349.684 TOTAL CHARtTI' FUNDS 2,321904 1394,907 These financial ststements wtte approved by the members of the committee on the 7th June 2023 and are sign¢d on their behalf by.. Mike Il'illis Chairman Simon Gough TrwurtT The Doles on p*gts 10 to 16 fonn of tbese fiRxncixl $t4itmellts KIBBLE￿oNE DISTRicf SCOUT COUNCIL NOTES TO THE FINAYCJAL ST ATEMENTS FOR THE YEAR ENDED 31$¢ De¢¢rnber 2022 ACCOLf*TIYG POLICIES Basis of pr¢par•tion *thd *ssessmtllt of goillg ionrern The actounis {finan¢ial stst¢tnents) have been prepared under the historical cost conveniion with items recognised ai cosi or transaction value unless otherwise Stated in the relevant noies io these accounts. The rmancial statetnents have been prepared in accordance with the Statement of R￿ornMended Practice.. Accouniing and Re￿)rtIng bi Charitie% preparing their accounts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} assued on 16 July ?014 and the Financial Reporting Stsndard applicable in the UrEited Kingdom and Republic of Ireland {FRS 102) and the Chariiies Act2011. The charity consiituies a public benefit entity. defined b) FRS 102. The Trusiees consider thai there are no uncertainties about the Charity s ability to coniinue as a 8oiFLg concern over the next Nelve month Tangible Fixed Assets All the fixed assets are used for the direct fi￿erance of the Charity's athivities. Assets with a value below £500 are not capital￿. Depreciation is calculated io write off the cosi of tsngible fixed assets over their ex￿ useful e¢onomic lives using the followin8 E>erio(Ls:_ Campsite buildings and infra5tructure- 50 years Plant and machinery- 3 to 10 I'cars Camp buildings and 1nfr&8ts￿etUre 8r¢ held at their insured value5. No Yalue has been placed on the 84 acres of freehold campsiie land because the dttds that gifted the 13nd and buildings io the Scout Council conrain restriciive covenants &s to their use. Protsxrties owned by the Scout Council are held in the name of the S¢out Association TnLS¢ co￿Oration as nominee for the CIMrity. In%'estment properties The investment income from these properti￿ is used for the direci filltherw of the Charity's actiYitie5. The properties have been included at open market values and are reconsidered eadi year. Any differenc¢ is ken io the SOFA and drali with on the balance sheei in ihe generdl fiuMIs. Stotks Stocks ar¢ valued * the lower of cost net real]sabl¢ value. after making due allowance for obsolde and slow moving it¢m5. Incoming resourc All incoming resources are included in the SOFA when the Charity is legally ￿tIlled to the income and the amount can be quantified with reasonable accurao.. For legacies. eniitlement is the earlier dale of the Charity being notified of an impending distrÈbution or the legac} being rtteived. -1 KIBBLESTONE Di￿rRIc[ scour COUNCIL NOTES TO THE FINANCIAL SYATEMErirs FOR THE YEAR ENDED 31st Deeembtr 2022 IcoDtinu¢dl ACCOUNTIIYG POLICIES- eotstin￿td Fund 8C¢OlllItiDg Genern] fifftt b¢ direal). attri￿ed ￿ FMrtKu]ar headings they have been a]located to activities on a basis consisieni with use of the le￿)￿rr¢s. CASH FLOW StATEMENT The Charity is exempt from the requiretnent to prepare a c&thflow gatement b￿uSe it is a small Charity. VOLUNTARY INCOfyIE Lnr*SIrk¢￿ Res¢rirted Totxl Funds FuDds Funds 2022 Unrestricted Funds Re5tricied Totsl Funds Fund5 2021 Donation5 InsuTanc¢ claim received to date 1.147 1.147 1.410 1,410 1.147 1.147 1,410 1,410 11¥4COMING RESOURCES FROM A￿1vITIEs FOR GE*ERATI￿G FLINDS Illrtslricted Rtstricted T￿}￿1 Frynds Unrestrict Funds Funds 2022 Funds Restricted Total Fwids Furh(Ls Campsite Shop Sales 28.750 28.750 5,128 5,128 28.750 28.750 5.128 5.128 KIBBLESTONE DISTRICT SCOUT COUNCIL NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR Ef4DED 31st Dteethber 2022 (contin￿ed) INI'ESTMEf*T li%CONIE LTttrtSiricled Res¢rirted Toi•l Funds Unrestrirtyj Futtds 2022 FLEnds ReStri￿¢d Totaj Funds Fund$ 2021 Investment Property Ret)LS Bank Interest Receivable Building So¢ier) Initre5t Receivable 48.9?8 772 50J75 50.375 140 133 274 49.(M)8 49,(M)8 50.519 133 50.652 INCOMIliG RESOI.'RCES FROII CHARITABLE ACTII'ITIES Ufjrestricttd Fund5 Rtsiricttd Toial Funds unrestri￿ Funds 2021 Funds Restricted Total Funds Funds 2021 Grants and govemmeni 5UPPOrt Campsite Rents. Fees and Hire Other Incom¢ 15,IIM) 549.643 1.016 15.1Tr) 549.643 1,016 59.776 98.517 59,776 98.517 8.890 565.759 565.759 167.183 167,183 FUISDRAISINC TRADING: COST OF GOODS SOLD ANDOTHERCOSTS LlTrrestrirted Fumds Restrirted Total Futtds Unrestricied Funds 21122 Funds Restrictcd Totsi Funds Funds 2021 Shop Costs 14.997 14,997 2.734 2.734 14,997 14.997 2.734 2.734 -12- KIBBLESTONE DISTRI￿ SCOUT COUNCIL NOTESTOTHE FIi%ANCIAL STATEMENTS FOR THE YEAR ENDED 3151 Deeembtr 2022 {eonti￿ved> COSTS OF CHARITABLE ACTINryTIES Ilnrestri¢ttd Rtstrltttd Totxl Funds Unrestri¢￿ Restri¢ied Totsl Fwids FuD 12. STAFFCOSTS ATr4D EMOLI,%. IENTS Totxl $¢4ff c0515 were xs follows: 2022 2021 Wages and s￿￿]¢$ SÉ*ial Security. Costs Social SecLrrity' _ Emplw'er5 Allowane¢ Employers pensiort Costs 205,206 13.405 15,(M)01 1807 116.026 7,196 14.1971 1.732 216,418 120.757 Pirtlculars of employtts: The average nurnber of emplo)'ees during the year. was as follows: 2022 16 2021 No ¢mployee reeeived ¢moluments of more than £60.OCK) during the year 12021 nill. The key tnanagement p¢rsonnel of the eharity. comprised of ihe Opentions Nlanager. E5tat¢ Mana8er and Tru5tet member5 of the managfflient committee. The to￿ emplo>'ee benefits of the key managemeni personnel of the Trnst w¢r¢ £61.9W12021.. £4? 3?01. 13. TANGIBLE FIXED ASSETS Frtthold prO￿rty. Equipment Tot*1 COST OR VALUATION At 1° Januar) 7022 Additions .895.439 348,270 33.5?1 2.243,709 33.521 At 31st Deeembtr 21122 1.895.439 381.791 2.77230 DEPRECIATIO Al 1° January 7022 Charge for the year 507J89 37.¢ 254.332 29.272 761.721 67.181 At 31st Dttemb¢r 2022 545.298 283.604 828.W2 NET BOOK I'ALI'E At 31st Dettmber 21122 IJ50,141 98,187 1.448,328 At 31¥ December 2021 1.388,050 93.938 1.481.988 In considering the n¢¢d to Prepare these ftnancial 5tat¢ments under the FR5102 SORP. the Trustees are of the Vlew that the b￿k va]ue of the assets as * the 1st January. ?014 repres¢n*d their fair value. -14- KIBBLESTONE DISTIUCT SCOUT COUNCIL NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR F.NDED 31st tk¢emt*r 21n2 Icontinuedl 14. IN1'EST￿lEtsTs l¥lovemeDt in market •'Alue 2022 Market Vall￿ at ]* January 2022 710. Movern¢ni in the y¢aT Market valu¢ * 31$1 tkc¢mb¢r 2022 710.(YJO o records exisi of the historical CO￿ of ini'estmeni pryrties. Th¢ PToperties were valued in the year to 31* De¢emb¢¥ ?016 b), Butt¢T5 J(thn Bee. Chanered Survejors on an open markei basis and ith ￿￿rdance with the ¥tounting p)lici¢s. The investments eon5tiw* several properties held primarily for an invesknent Teturn. 15. STOCKS 2022 2021 Stock 6.401 9,986 16. DEBTOILS 2022 2021 Activity Debtors Other Debtors and Prepayments 779 22.714 6,265 33.394 23.493 39.659 17. CREDITORS: Arnounts falling due withi• oDe ye*r 2022 2021 Activity Creditors A¢¢rua]s and deferred income oth￿ Taxes and Social Security 13.640 18.069 8.668 3.952 18.824 10,634 40.377 33.410 I& RESTRtCTED lI%COME FLTi%DS B*lallte at 111 J*n 2022 Oulgoimg R¢so¥rce$ 31° Det 2022 Re50uretS Mosty Lea Mill Fund Ralph Waley International Fw Capiial Bvilding Furtd 24.840 8.744 11.639 ?4.840 8.744 10.475 11,1641 Resthrted Funds 11.1641 44.059 -15- KIBBLESTONE DISTRICT SCOUT COUNCIL NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED Jlsi Deeember 20221eonlinutd) 19. UNRESTRICTED INCO%1 IE FL'NDS B*l*Dce ai Isl Jan 2022 Intoming rt50urces Outgoing Resources B#lance at 314 De¢ 2022 Reixluaiion Tr*nsfer tksigt)ated Fund General Funds 710.( 1.639.684 710.(K>O 1.568.845 1715.503 Unre5trict¢d Funds 2.349.684 1715.503 2.278.845 20. ANALI'SIS OF PIET ASSETS BETW'EEi% FINDS Fund b*l#ntes *t 315t December 2022 DesIg￿#t Fund Restricted Fund Total FuDds General Fund Tangible Fixed A55¢ts Current Assets Current Liabilities 1.435.764 173.458 140.3771 710.(K)O 12.564 31,495 2.158.328 ?04.953 140.3771 1.568.845 7IO.IMK) 44,059 2,322. The Trustees have designated funds the incotne of which will provide for maintenance of the Campsite. 21. MOSTY LEA MILL Thi5 freehold sile including the Mill p)ol and a considerable acreage of long leasthold new and ancient woodland adjoining it was transferred to the Cljarity Én 1999. In view of the obligations associated with the Mill the arrdngements included receipt of a grant of £120,0(M) from Stsfford Borough Council of ￿'hICh part to be Spent on ¢apitsl iiems and the balance invested so ihat the incorne from the investment provides an annual offsd agait]St the rei'enue costs of ihe property. In the meantime, the balance of the restric*d fund is earning interest and th¢ fvnd is charged with 4)plicable costs. 22. TUATIOY AND CONTROL The Charity is exemw from tsxation on any tncome or gains. The Charity is controlled by the Trusiees. 23. CAPITAL COMfvIITMENTS There are no fonnal Capithl Commitsnents at the end of the financial year. 24. FINANCIAL INSTRUMEi%T The Charity h&s financ¢d their Work'ing capi￿1 requirement through its ow'n historic revenue reser¥es. During the year the Chatil). generated 8 c&sh surplus w'hen iiems noi involving the movement of funds are taken into account. Under Section I l of FRS 102 ihis will be the present value of the cash I￿ldIng.