DocuSign Envelope ID: B49ECDB7-3941-42FE-9036-2B48F170E7CB
5[th] Worcester Sea Scouts Financial Statements And Treasurer’s Report For The Year Ended 31 March 2022
Registered Charity No. 525170
DocuSign Envelope ID: B49ECDB7-3941-42FE-9036-2B48F170E7CB
~~5~~ [th] Worcester Sea Scouts
’ – Treasurer s Report Year Ended 31 March 2022
Summary
Income was higher than the previous year as we have been able to return to face-to-face scouting and reintroduce camps.
The year-end reserves total £38,713.81 with this all being held in bank deposits. £23,822.53 (2021; £23,820.14) of the total is in respect of restricted funds which can only be expended on specific purposes. The balance of £14,891.28 (2021; £21,843.32) are the group’s own funds which are above our reserve target of £5,000.
Income
Subscription income increased as a result of the return to face to face scouting and the opening of new sections.
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 3rd that I have prepared and presented.
Suzy Mudd
Treasurer
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Registered Charity No. 525170
DocuSign Envelope ID: B49ECDB7-3941-42FE-9036-2B48F170E7CB
Balance Sheet
5th Worcester Sea Scouts As at 31 March 2022
| Balance Sheet 5th Worcester Sea Scouts As at 31 March 2022 |
Balance Sheet 5th Worcester Sea Scouts As at 31 March 2022 |
|---|---|
| 31 MAR 2022 31 MAR 2021 |
|
| Current Assets | |
| Cash at bank and in hand | |
| Barclays Current Account 68.47 957.66 |
|
| Barclays Deposit Account 24.00 24.00 |
|
| Lloyds Current Account 14,891.28 19,359.15 |
|
| Lloyds Deposit Account 23,822.53 23,820.14 |
|
| Soldo 1,374.99 1,502.51 |
|
| Total Cash at bank and in hand 40,181.27 45,663.46 |
|
| Accounts Receivable 7,677.37 4,167.37 |
|
| Prepayments - (4,221.37) |
|
| Total Current Assets 47,858.64 45,609.46 Creditors: amounts falling due withinone year |
|
| Accounts Payable 1,688.37 1,828.37 |
|
| Accruals - (1,828.37) |
|
| Total Creditors: amounts falling due within one year 1,688.37 - |
|
| Net Current Assets (Liabilities) 46,170.27 45,609.46 |
|
| Total Assets less Current Liabilities 46,170.27 45,609.46 |
|
| Net Assets 46,170.27 45,609.46 Capital and Reserves |
|
| Current Year Earnings 560.81 8,772.51 |
|
| Retained Earnings 40,831.28 32,058.77 |
|
| Historical Adjustment 4,778.18 4,778.18 |
|
| Total Capital and Reserves 46,170.27 45,609.46 |
Balance Sheet 5th worcs 5th Worcester Sea Scouts
DocuSign Envelope ID: B49ECDB7-3941-42FE-9036-2B48F170E7CB
Profit and Loss
5th Worcester Sea Scouts For the year ended 31 March 2022
| Profit and Loss 5th Worcester Sea Scouts For the year ended 31 March 2022 |
||
|---|---|---|
| 2022 | 2021 | |
| Turnover | ||
| Bank Interest | 2.39 | 6.23 |
| Donations Received | 300.00 | - |
| Events Income | 2,842.45 | 2,108.04 |
| Fundraising | 500.00 | 500.00 |
| Gilwell Winter Camp 2020 | - | (150.00) |
| Grants Received | 8,000.00 | 11,245.00 |
| Jambowlree | 114.00 | - |
| Operation Bald Eagle | - | (70.00) |
| Property Income | 1,200.00 | 3,000.00 |
| Subscription Income | 30,674.37 | 19,542.33 |
| Subscriptions Written Off | - | (270.00) |
| BIBLINS JUBILEE MAY 2022 | 9,179.25 | - |
| Korea | (234.92) | - |
| Total Turnover | 52,577.54 | 35,911.60 |
| Cost of Sales | ||
| Cubs Event Costs | 165.93 | 61.25 |
| Group Camp Costs | 147.00 | - |
| Scouts Event Costs | 3,000.80 | 94.24 |
| Survival Camp Expenses | (180.00) | - |
| Capitation Fees | 11,607.70 | 7,347.80 |
| Total Cost of Sales | 14,741.43 | 7,503.29 |
| Gross Profit | 37,836.11 | 28,408.31 |
| Administrative Costs | ||
| Administration Costs | 2,463.54 | 2,557.45 |
| Equipment Purchases | 8,472.05 | 378.42 |
| Section Expenses | 11,223.22 | 6,396.66 |
| Leader Training | 2,312.00 | - |
| Events | 2,554.24 | 1,246.68 |
| Property Costs | 8,330.16 | 7,937.55 |
| Other Expenses | 1,920.09 | 1,119.04 |
| Total Administrative Costs | 37,275.30 | 19,635.80 |
| Operating Profit | 560.81 | 8,772.51 |
| Profit on Ordinary Activities Before Taxation | 560.81 | 8,772.51 |
| Profit after Taxation | 560.81 | 8,772.51 |
Profit and Loss 5th Worcs compressed 5th Worcester Sea Scouts
DocuSign Envelope ID: B49ECDB7-3941-42FE-9036-2B48F170E7CB
5[th] Worcester Sea Scouts Financial Statements
For The Year Ended 31 March 2022
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 2[nd] November 2022
5
Registered Charity No. 525170
DocuSign Envelope ID: B49ECDB7-3941-42FE-9036-2B48F170E7CB
5[th] Worcester Sea Scouts Notes To The Financial Statements For The Year Ended 31 March 2022
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 remain at £18 per month across the sections.
3. Grants Received
| 2021/22 | 2020/21 | |||
|---|---|---|---|---|
| Worcs CC | 8,000 | 10,995 | ||
| Scout District Council | - | 250 | ||
| Total | 8,000 | 11,245 | ||
| nts Income & Expenditure | ||||
| 2021/22 | 2020/21 | |||
| Income | Expenditure | Income | Expenditure | |
| Camps | ||||
| Other Events | 2,842 | 133 | 2,109 | 155 |
| (Aggregate) | ||||
| Bald Eagle | -70 | |||
| Gilwell | -150 | |||
| Total | 2,842 | 133 | 1,889 | 155 |
- Events Income & Expenditure
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Registered Charity No. 525170
DocuSign Envelope ID: B49ECDB7-3941-42FE-9036-2B48F170E7CB
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
| 2021/22 | 2020/21 | |
|---|---|---|
| Building & Site Improvements | 1,185 | 2,158 |
| Building & Grounds | 3,760 | 2,830 |
| Maintenance | ||
| Utilities | 3,385 | 2,949 |
| Insurance | - | 548 |
| Total | 8,330 | 8,485 |
| pment Purchases | ||
| 2021/22 | 2020/21 | |
| Oven | 500 | - |
| Boats | 3,050 | - |
| Safety Equipment | 3,933 | - |
| Other Small Items | 738 | 287 |
| Total | 8,221 | 287 |
7. Equipment Purchases
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