Worcester Scouts District Council
Financial Statements And Treasurers Report For the Year Ending 31 March 2023 Registered Charity No. 524644
Treasurers Report -Year Ended 31 March 2023
Summary
Income was higher than previous year as membership across Worcester District increased from 1059 members in 2022 to 1213 members in 2023. The total capitation income was £69,922.40 in 2023 compared to £67,220.40 in 2022. Our operational budget was therefore £12130 in 2022/23.
During the year we focused on combining all bank and savings accounts into the core CAF account to enable more transparency in District assets and reserves. Our opening bank balance was reported at £80343.31 at the beginning of the financial year, closing at £73752.21, of which £11206.29 is reserved for the maintenance and repairs of The Den.
Income
District subscriptions remained at £10 per young member per year.
Expenditure
We continue to manage finances carefully so that we maximise the benefit that we achieve our expenditure for the benefit of the District of Worcester Scouts. As a volunteer led organisation, our costs on staffing are minimal. However, in this financial year we invested in 2 part time members of staff for specific purposes. £5000 was invested in a Growth and Development officer to enable us to grow volunteers, open sections, and groups, and to recover from the impact of the pandemic. This has been a good investment in this financial year as we laid the foundations for growth in the current year and the year ahead. We also invested in administrative support to create communication channels, create a unified social media strategy, create a newsletter, organise email addresses, create a website and introduce workforce and project tracking tools. This totalled £2437 in staffing costs over the year.
A large investment was made with an accounting audit of £1800 to enable us to combine our accounts and ensure all monies were accounted for in one accounting system and banking system. This not only gives us more tools to manage the accounts robustly, it saves hours of Volunteers time in managing District finances.
We also invested in new and existing leader skills development and training as part of the post pandemic recovery and growth urgency.
Conclusion.
The district invested in alignment, organisation and growth in 2022/3 to ensure a solid foundation for the future of the District in the future.
Lucy Barkas
Acting Treasurer
Profit and Loss Worcester District Scout Council Forthe yearended 31 March 2023 Twrwer 14J41 li.) Dkncl (S071 69m4D Costdsales 29JOI iiuj IIJX59 25515 75SLI 717.cll 47.ij p4trfidt¢&ts 117.11 83722 sTtl5cCl 1XcroIs Gross Profrt JJh17AI Admini5tratNeC05ts 41&24 4J.12 C¢Ws )7.01 Tzty) 5212 24tyUJ 152 17. 41ty19
Notes of interest
£5000 investment was agreed to fund the growth and development officer plus an investment of £211 for recruitment activities including the District Guildhall Recruitment event.
£11,323.73 restricted fund for the DEN transferred to The Den Trustees.
During 2022/23 we combined all income streams under one code of capitation.
All legacy, explorer and network accounts, plus NS&I accounts were merged with the core CAF account.
The legacy account was closed in 21/22 but shows as a debt in the balance sheet. This requires an accounting adjustment which will be rectified with the appointment of a new treasurer who is
qualified in finance and the accounting system xero.
The Den restricted fund have been removed to reflect the transfer to the Den Trustees.
Worcester District Scouts Council
Financial Statements
For the year ending 31[st] March 2023
Trustee Approval
These accounts were considered by the Trustees and approved on their behalf by Lucy Barkas