5[th] Worcester Sea Scouts Financial Statements And Treasurer’s Report For The Year Ended 31 March 2023
Registered Charity No. 525170
5[th] Worcester Sea Scouts
’ – Treasurer s Report Year Ended 31 March 2023
Summary
The year-end reserves total £14,380.75 with this all being held in bank deposits. £12,851.83 (2022; £23,822.53) of the total is in respect of restricted funds which can only be expended on specific purposes. The balance of £1528.92 (2022; £14,891.28) are the group’s own funds.
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 4th that I have prepared and presented.
Suzy Mudd Treasurer
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Registered Charity No. 525170
5[th] Worcester Sea Scouts Financial Statements For The Year Ended 31 March 2023
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. Peter Cairns 31st March 2023
Trustee Approval
These accounts were considered by the Trustees and approved on their behalf by the Chairman, Mr Andrew Forrest.
Andrew Forrest 31[st] March 2023
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Registered Charity No. 525170
Balance Sheet
5th Worcester Sea Scouts
As at 31 March 2023
| Balance Sheet 5th Worcester Sea Scouts As at 31 March 2023 |
Balance Sheet 5th Worcester Sea Scouts As at 31 March 2023 |
|---|---|
| 31 MAR 2023 31 MAR 2022 |
|
| Current Assets | |
| Cash at bank and in hand | |
| Barclays Current Account - 68.47 |
|
| Barclays Deposit Account - 24.00 |
|
| Lloyds Current Account 1,528.92 14,891.28 |
|
| Lloyds Deposit Account 12,851.83 23,822.53 |
|
| Soldo 1,016.11 1,374.99 |
|
| Stripe GBP 49.10 - |
|
| Pleo account 160.00 - |
|
| Total Cash at bank and in hand 15,605.96 40,181.27 |
|
| Accounts Receivable 7,415.85 7,677.37 |
|
| Total Current Assets 23,021.81 47,858.64 Creditors: amounts falling due withinone year |
|
| Accounts Payable 1,676.37 1,688.37 |
|
| Rounding (2.00) - |
|
| Barclays Current Account 228.74 - |
|
| Barclays Deposit Account 420.35 - |
|
| Total Creditors: amounts falling due within one year 2,323.46 1,688.37 |
|
| Net Current Assets (Liabilities) 20,698.35 46,170.27 |
|
| Total Assets less Current Liabilities 20,698.35 46,170.27 |
|
| Net Assets 20,698.35 46,170.27 Capital and Reserves |
|
| Current Year Earnings (25,471.92) 560.81 |
|
| Retained Earnings 41,392.09 40,831.28 |
|
| Historical Adjustment 4,778.18 4,778.18 |
|
| Total Capital and Reserves 20,698.35 46,170.27 |
Page 1 of 1
Balance Sheet 5th worcs 5th Worcester Sea Scouts 5 Feb 2024
Profit and Loss
5th Worcester Sea Scouts For the year ended 31 March 2023
| Profit and Loss 5th Worcester Sea Scouts For the year ended 31 March 2023 |
||
|---|---|---|
| 2023 | 2022 | |
| Turnover | ||
| Bank Interest | 28.75 | 2.39 |
| Donations Received | - | 300.00 |
| Events Income | 4,598.35 | 2,842.45 |
| Fundraising | 1,367.50 | 500.00 |
| Grants Received | 995.76 | 8,000.00 |
| Hire of Equipment | (350.39) | - |
| Jambowlree | - | 114.00 |
| Property Income | 525.00 | 1,200.00 |
| Subscription Income | 35,769.97 | 30,724.37 |
| Subscriptions Written Off | 60.00 | - |
| Uniform Sales | 5.00 | - |
| BIBLINS JUBILEE MAY 2022 | (585.88) | 9,179.25 |
| Korea | (3,649.60) | (234.92) |
| KANDERSTEG | 141.25 | - |
| Shirejam 2023 | 4,950.00 | - |
| Total Turnover | 43,855.71 | 52,627.54 |
| Cost of Sales | ||
| Cubs Event Costs | 300.53 | 165.93 |
| Group Camp Costs | - | 147.00 |
| Scouts Event Costs | - | 3,000.80 |
| Survival Camp Expenses | (40.00) | (180.00) |
| Capitation Fees | 12,525.88 | 11,607.70 |
| Total Cost of Sales | 12,786.41 | 14,741.43 |
| Gross Profit | 31,069.30 | 37,886.11 |
| Administrative Costs | ||
| Administration Costs | 5,190.21 | 2,463.54 |
| Equipment Purchases | 10,212.71 | 8,472.05 |
| Section Expenses | 8,699.07 | 11,223.22 |
| Leader Training | 858.20 | 2,312.00 |
| Events | 10,404.28 | 2,604.24 |
| Property Costs | 17,464.67 | 8,330.16 |
| Other Expenses | 3,404.35 | 1,920.09 |
| Total Administrative Costs | 56,233.49 | 37,325.30 |
| Operating Profit | (25,164.19) | 560.81 |
| Other Income | ||
| Minibus | (307.73) | - |
| Total Other Income | (307.73) | - |
Profit and Loss 5th Worcs compressed 5th Worcester Sea Scouts 5 Feb 2024
Page 1 of 2
Profit and Loss
| 2023 | 2022 | |
|---|---|---|
| Profit on Ordinary Activities Before Taxation | (25,471.92) | 560.81 |
| Profit after Taxation | (25,471.92) | 560.81 |
Profit and Loss 5th Worcs compressed 5th Worcester Sea Scouts 5 Feb 2024
Page 2 of 2
5[th] Worcester Sea Scouts Notes To The Financial Statements For The Year Ended 31 March 2023
- 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
| 2022/23 | 2021/22 | |
|---|---|---|
| Worcester District | 354.61 | 8,000 |
| Scout District Council | 305.15 | |
| TSA Charity | 336 | |
| Total | 995.76 | 8000 |
- Events Income & Expenditure
| 2022/23 | 2021/22 | |||
|---|---|---|---|---|
| Income | Expenditure | Income | Expenditure | |
| Camps | ||||
| Shirejam | 4950 | |||
| Kandersteg | 141.25 | |||
| Other Events | ||||
| (Aggregate) | 4598.35 | 2842 | 147 | |
| Aggregate | ||||
| Expenditure | 10404.28 | |||
| Total | 9689.6 | 10404.28 | 2842 | 147 |
- 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
| 2022/23 | 2021/22 | |
|---|---|---|
| Building & Site Improvements | 3520 | 1,185 |
| Building & Grounds | 7102.04 | |
| Maintenance | 3760 | |
| Utilities | 6842.63 | 3385 |
| Insurance | 3984.25 | |
| Total | 21448.92 | 8330 |
7. Equipment Purchases
| 2022/23 | 2021/22 | |
|---|---|---|
| Oven | 799.98 | 500 |
| Boats | 3050 | |
| Minibus | 1616.5 | 0 |
| Saftey Equipment | 3993 | |
| Other Small Items | 3031.31 | 678 |
| Total | 5447.79 | 8221 |
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