Treasurer’s Report – Year ending 31[st] December 2023
I am very pleased to say that our total funds at 31 December 2023 were £100,334, an increase of £12,988 on the previous year, mainly due to strong membership contributions, fund raising and income from renting the halls to third parties.
| 2023 | 2022 | |
|---|---|---|
| Receipts | £66,842 | £64,264 |
| Payments | £53,854 | £47,205 |
| Net Income | £12,988 | £17,059 |
| Funds last year end | £87,346 | £70,287 |
| Funds this year end | £100,334 | £87,346 |
To give you a better understanding of the financial figures, below is a summary of some of the key points:
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Net subscriptions remained stable in 2023 at £11,337 demonstrating the continued strength of all divisions within the group. We collected £21,331 in subscriptions and paid the scout association £9,994 in capitation fees.
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Hall rental receipts at £17,920 (2022 was £11,967) were significantly up, when compared with 2022, mainly due to rental from Treetops which was transferred to us at the same time as Lisvane Hall from North Cardiff District.
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Fundraising profits in 2023 continued to grow and consisted of the summer Fete, the after school cake stall, badge sewing, the Christmas Raffle and a Bingo evening, with net proceeds of £6,759. Many thanks to the dedicated organisers and workers.
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We made two gift aid claims during the year to reclaim tax paid on subscriptions received in 2019 and 2020, providing receipts of £7,541. We expect to reclaim gift aid for 2021, 2022 and 2023 in the coming year.
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In 2023, the Covid grant income received in previous years ceased, resulting in a shortfall in income of £7,306 when compared with 2022.
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In 2023, we invested our savings in higher interest savings accounts, which increased the interest earned significantly to £1,592.
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The programme of activities continued throughout 2023 with a spend of £15,804 across all sections, funded by members paying £9,487 and £6,317 from the group.
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The £1,564 increase in costs for Rates in 2023 reflected that we did not pay business rates in 2022 and therefore the 2023 figures included business rates for 2 years.
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Lisvane Hall was handed over to us late in 2022 and the increase in costs in 2023 for Heat and Light and Insurance reflects the fact that we are now paying the full costs for the hall.
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There was significant expenditure on Lisvane Hall during 2022, on fixing a series of electrical issues, roofing and tree maintenance. Which pushed our maintenance costs up to £8,104 from £4,310 in 2022.
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The excess funds generated are being kept in savings accounts and are planned to be used for the upgrade of Lisvane Scout Hall.
I want to personally thank all the scouting team, led by Hilary, for their amazing work in 2023 who continue to provide an engaging and fun environment for our children, as well as ensuring funds are raised for not only the activates for everyone, but also to ensure that Lisvane Scout Hall will be regenerated in the future.
Maurice Wright Group Treasurer
| Llanishen&LisvaneScoutGr | oup2023 | |||
|---|---|---|---|---|
| ReceiptsandPaymentsAccounts | Fortheyearfrom | auoT/2023 | to | 3u12/2023 |
| CGBP | 2023 | 2022 | ||
| Receipts | ||||
| Membership Subscriptions | 21,331.00 | 21,990.50 | ||
| Youth Programme & Activities | 9,487.45 | 12,599.19 | ||
| Uniforms | 1,236.00 | 7,949.10 | ||
| RentalofPremises | L7,919.72 | tL,967.09 | ||
| Fundraising | 7,733.61- | 6,915.00 | ||
| GiftAid | 7,54L.63 | 1,499.00 | ||
| Donations &Grants | 7,306.00 | |||
| Banklnterest | 1,592.22 | 38.00 | ||
| TotalReceipts | 66,84L.63 | 64,263.88 | ||
| Payments | ||||
| ScoutAssociation CapitationCosts | 9,994.40 | 70,433.40 | ||
| Youth Programme & activities | 15,803.63 | 20,1.59.29 | ||
| Uniforms&Badges | 4,415.15 | 3,997.0L | ||
| Rates | 1,993.21. | 429.52 | ||
| Heat&Light | 5,7L9.16 | 1,096.73 | ||
| Telephone | 159.98 | 0.00 | ||
| Cleaning | 1,894.68 | 1,936.65 | ||
| Repairs&Renewals | 8,103.92 | 4,310.31 | ||
| Other BuildingCosts | 740.00 | 946.69 | ||
| lnsurance | t,60L.3.L | L,O97.19 | ||
| Materials&Equipment | 'J,,962.61 | 64s.50 | ||
| Stationery/Admin | 490.40 | 575.31 | ||
| FundraisingCosts | 975.36 | L,577.63 | ||
| TotalPayments | 53,853.51 | 47,205.23 | ||
| ExcessofReceiptsoverPaYments | L2,988.O2 | 17,058.65 | ||
| GeneralFundat 31 December2O22 | 87,346.00 | |||
| GeneralFundat 31 December2O23 | 100,334.02 | |||
| ReconciliationtoBankStatement at31December 2023 | ||||
| Current Account | 8,685.39 | |||
| BusinesslnstantSaver | 5,321.66 | |||
| 6MonthNotice Account | 50,752.05 | |||
| 32DayNotice Account | 35,574.92 | |||
| TotalCashinBank | 100,334.02 |
CHARITY COMMISSIO FOR ENGLAND AND WALE Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteosl members of nly Llanishen and Lisvane Scout Group On accounts for the year ended Charity no (if any} 31 December 2023 524919 Sol oul on pages {.>1.r 5xy> flKrJHI I report to the trustees on my examination of Ihe accounts of the above charity (Ihe Trusfl for the year ended 311131Qfj12ytrYw. Responslbllltles and As the cllaiity trustees of the Trust. you are responsible for the preparation l)asis of report of the accounts in accordance with the requirements of the Charities Act 2011 Iyse ACV). I report in respect of my examination ofthe Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charty Commission under secknon 145(5)(b) of the Act. I have ccrnpleted my examinaticn. I confim Ihat no material matters have come to my attention (other than that disctosed below.) in ccfinection 1th the examinats.on which gives me cause to believe that in. any matenal respect accounting records were not kept in aCCC*dan with section 130 of the Act cf the accounts do not accord wth the accrAJnting records Independent examinees statement I have no concems and have come acmss no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reacned. ' Please delete the words in the brackets rfthey do not apply. Signed: Name: Relevant professional qualification(s) or body lif any): Address: IER October 2018