**5[th] Worcester Sea Scouts Financial Statements And Treasurer’s Report For The Year Ended 31 March 2021** 

**Registered Charity No. 525170** 



~~**5**~~ **[th] Worcester Sea Scouts** 

**’ – Treasurer s Report Year Ended 31st March 2021** 

## **Summary** 

Income was lower than previous years, due to COVID and not being able to meet face to face. The leaders, however, have done a sterling job running a successful program of weekly events online, maintaining a fantastic level of consistency in the groups offering. 

Expenditure as a result was also lower as face-to-face events and camps could not be run. 

The year-end reserves total £45,663.46 with this all being held in bank deposits.  £23,820.14 (2020; £23,813.93) of the total is in respect of restricted funds which can only be expended on specific purposes.  The balance of £21,843.32 (2020; £13,108.70) are the group’s own funds which are above our reserve target of £5,000 and the improvement from last year has largely been secured through the receipt of over £11,000 in the year though COVID grants. 

## **Income** 

Subscription income decreased due to the intake dropping as a result of COVID along with the fundraising income which also fell significantly as a result. We did however have a slight increase in property income during the summer months in between lockdown’s. 

## **Expenditure** 

We continue to run a very tight ship so as to ensure that we maximise the benefit that we achieve from our expenditure to best serve the interests of our young people.  We avoid significant costs through the volunteering of the Section Leaders and assistants, members of the Executive Committee and others.  Quite simply without these contributions we would not be able to run such a large operation without significant increases in subscription charges.  The Group is extremely grateful to all those who give their time, energy and skills so freely for the benefit of Scouting and our young people. 

## **Conclusion** 

These accounts are the 2nd that I have prepared and presented. The group navigated the unprecedented COVID situation exceptionally. The leaders put together an engaging program of online sessions and events during the lockdowns 

Suzy Mudd 

Treasurer 

2 

**Registered Charity No. 525170** 



## **Balance Sheet** 

## **5th Worcester Sea Scouts** 

## **As at 31 March 2021** 

|**Balance Sheet**<br>**5th Worcester Sea Scouts**<br>**As at 31 March 2021**|**Balance Sheet**<br>**5th Worcester Sea Scouts**<br>**As at 31 March 2021**|
|---|---|
|**31 MAR 2021**<br>**31 MAR 2020**||
|**Current Assets**||
||**Cash at bank and in hand**|
||Barclays Current Account<br>957.66<br>1,250.00|
||Barclays Deposit Account<br>24.00<br>23.98|
||Lloyds Current Account<br>19,359.15<br>10,615.28|
||Lloyds Deposit Account<br>23,820.14<br>23,813.93|
||Soldo<br>1,502.51<br>1,219.44|
||**Total Cash at bank and in hand**<br>**45,663.46**<br>**36,922.63**|
||Accounts Receivable<br>4,221.37<br>5,647.04|
||Prepayments<br>(4,221.37)<br>(5,665.04)|
|**Total Current Assets**<br>**45,663.46**<br>**36,904.63**<br>**Creditors: amounts falling due withinone year**||
|Accounts Payable<br>1,828.37<br>497.25||
|Accruals<br>(1,828.37)<br>(429.57)||
|**Total Creditors: amounts falling due within one year**<br>**-**<br>**67.68**||
|**Net Current Assets (Liabilities)**<br>**45,663.46**<br>**36,836.95**||
|**Total Assets less Current Liabilities**<br>**45,663.46**<br>**36,836.95**||
|**Net Assets**<br>**45,663.46**<br>**36,836.95**<br>**Capital and Reserves**||
|Current Year Earnings<br>8,826.51<br>16,123.44||
|Retained Earnings<br>32,058.77<br>15,935.33||
|Historical Adjustment<br>4,778.18<br>4,778.18||
|**Total Capital and Reserves**<br>**45,663.46**<br>**36,836.95**||



Balance Sheet 5th worcs 5th Worcester Sea Scouts 



## **Profit and Loss** 

## **5th Worcester Sea Scouts For the year ended 31 March 2021** 

|**Profit and Loss**<br>**5th Worcester Sea Scouts**<br>**For the year ended 31 March 2021**|||
|---|---|---|
||**2021**|**2020**|
|**Turnover**|||
|24 Hour Survival Camp|-|(10.00)|
|Bald Eagle Camp 2016|-|(10.00)|
|Bank Interest|6.23|28.70|
|Cubs Ice Skating Event Income|-|10.00|
|Donations Received|-|2,780.00|
|Events Income|2,108.04|8,794.62|
|Family Camp|-|8.63|
|Fundraising|500.00|1,246.00|
|Gilwell Winter Camp 2020|(150.00)|720.00|
|Grants Received|11,245.00|11,475.00|
|New Joiners Fee|-|(10.00)|
|Operation Bald Eagle|(70.00)|613.00|
|Other Income|-|175.00|
|Property Income|3,000.00|2,272.50|
|Redpoint Climbing|-|(2.00)|
|Scouts Brecon Camp Income|-|(35.00)|
|Scouts Redpoint Climbing|-|(10.00)|
|Strategy Camp|-|703.45|
|Subscription Income|19,596.33|31,349.40|
|Subscriptions Written Off|(270.00)|-|
|Whitsun Camp|-|(165.00)|
|**Total Turnover**|**35,965.60**|**59,934.30**|
|**Cost of Sales**|||
|Beavers Event Costs|-|219.54|
|Cubs Autumn Camp Expenditure|-|283.05|
|Cubs Event Costs|61.25|360.75|
|Cubs Ice Skating Costs|-|353.64|
|Group Camp Costs|-|2,551.88|
|Scouts Event Costs|94.24|7,644.49|
|Capitation Fees|7,347.80|6,950.40|
|**Total Cost of Sales**|**7,503.29**|**18,363.75**|
|**Gross Profit**|**28,462.31**|**41,570.55**|
|**Administrative Costs**|||
|Administration Costs|2,557.45|1,506.80|
|Equipment Purchases|378.42|1,895.93|
|Section Expenses|6,396.66|6,580.34|
|Leader Training|-|1,682.68|
|Events|1,246.68|4,437.52|
|Property Costs|7,937.55|5,609.15|



Profit and Loss 5th Worcs compressed 5th Worcester Sea Scouts 



Profit and Loss 

||**2021**|**2020**|
|---|---|---|
||||
|Other Expenses|1,119.04|3,734.69|
|**Total Administrative Costs**|**19,635.80**|**25,447.11**|
|**Operating Profit**|**8,826.51**|**16,123.44**|
|**Profit on Ordinary Activities Before Taxation**|**8,826.51**|**16,123.44**|
|**Profit after Taxation**|**8,826.51**|**16,123.44**|



Profit and Loss 5th Worcs compressed 5th Worcester Sea Scouts 



## **Statement of the Independent Reviewer** 

I have reviewed these financial statements and agree that they have been prepared in accordance with and accurately reflect the underlying accounting records presented to me. 

## **Trustee Approval** 

These accounts were considered by the Trustees and approved on their behalf by the Chairman, Mr Andrew Forrest. 

**Andrew Forrest 29[th] January 2022** 

4 

**Registered Charity No. 525170** 



## **5[th] Worcester Sea Scouts Notes To The Financial Statements For The Year Ended 31 March 2021** 

## **1. Basis of Preparation** 

These accounts are prepared, as is required for a charity of our size, on a cash receipts and payments basis.  Income is normally received in advance of expenditure and where this crosses a year-end date this causes surpluses and deficits to arise.  This is particularly relevant to income and expenditure for events. 

## **2. Subscriptions** 

Monthly subscriptions charges remained at £18 per member. 

## **3.** Grants Received 

|**3.**<br>Grants Received|||
|---|---|---|
||**2020/21**|**2019/20**|
|Worcester County<br>Council|10,995||
|Scout District Council|250||
|The Scout Association||1475|
|National Lottery - Scout<br>Hut Extension||10,000|
|**Total**|**11,245**|**11,475**|



## **4. Events Income & Expenditure** 

||**2020/21**|**2020/21**|**2019/20**||
|---|---|---|---|---|
||**Income**|**Expenditure**|**Income Expenditure**||
|Camps|||8582|15851|
|Other Events<br>(Aggregate)|2,109|155|-|-|
|Gilwell|-150||613|-|
|Bald Eagle|-70||720|-|
|Strategy|||703|-|
|**Total**|**1,889**|**155**|**10,618**|**15,851**|



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**Registered Charity No. 525170** 



## **5. Scout Membership Fees** 

These are the fees levied by the District and County Scout Associations and include membership fees paid to the Scout Association nationally which also includes the Group’s public liability insurance costs 

## **6. Premises Costs** 

||**2020/21**|**2019/20**|
|---|---|---|
|Building & Site<br>Improvements|2,158|95|
|Building &|||
|Grounds|2,830|2,269|
|Maintenance|||
|Utilities|2,949|3,245|
|Insurance|548|611|
|**Total**|**8,485**|<br>**6,220**|



## **7. Equipment Purchases** 

||**2020/21**|**2019/20**|
|---|---|---|
|LED|||
||-|-|
|Projector|||
|Camping<br>Equipment||167|
|Boat|||
|||-|
|Gantry|||
|Kayaks||1000|
|Band<br>Equipment||595|
|Other|||
|Small|287|418|
|Items|||
|**Total**|**287**|**2180**|



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**Registered Charity No. 525170** 



## **8. Other Expenses** 

These are the costs of financial assistance given by the group in the year in the form of reduced subscriptions and subsidised events fees where parents are unable to meet the full cost.  It is the policy of the group that no child should be prevented from participating fully in Scouting Activities on financial grounds. 

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**Registered Charity No. 525170**