**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** 

2 

**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** 

5 

**Registered Charity No. 525170** 



## **Balance Sheet** 

## **5th Worcester Sea Scouts** 

## **As at 31 March 2023** 

|**Balance Sheet**<br>**5th Worcester Sea Scouts**<br>**As at 31 March 2023**|**Balance Sheet**<br>**5th Worcester Sea Scouts**<br>**As at 31 March 2023**|
|---|---|
|**31 MAR 2023**<br>**31 MAR 2022**||
|**Current Assets**||
||**Cash at bank and in hand**|
||Barclays Current Account<br>-<br>68.47|
||Barclays Deposit Account<br>-<br>24.00|
||Lloyds Current Account<br>1,528.92<br>14,891.28|
||Lloyds Deposit Account<br>12,851.83<br>23,822.53|
||Soldo<br>1,016.11<br>1,374.99|
||Stripe GBP<br>49.10<br>-|
||Pleo account<br>160.00<br>-|
||**Total Cash at bank and in hand**<br>**15,605.96**<br>**40,181.27**|
||Accounts Receivable<br>7,415.85<br>7,677.37|
|**Total Current Assets**<br>**23,021.81**<br>**47,858.64**<br>**Creditors: amounts falling due withinone year**||
|Accounts Payable<br>1,676.37<br>1,688.37||
|Rounding<br>(2.00)<br>-||
|Barclays Current Account<br>228.74<br>-||
|Barclays Deposit Account<br>420.35<br>-||
|**Total Creditors: amounts falling due within one year**<br>**2,323.46**<br>**1,688.37**||
|**Net Current Assets (Liabilities)**<br>**20,698.35**<br>**46,170.27**||
|**Total Assets less Current Liabilities**<br>**20,698.35**<br>**46,170.27**||
|**Net Assets**<br>**20,698.35**<br>**46,170.27**<br>**Capital and Reserves**||
|Current Year Earnings<br>(25,471.92)<br>560.81||
|Retained Earnings<br>41,392.09<br>40,831.28||
|Historical Adjustment<br>4,778.18<br>4,778.18||
|**Total Capital and Reserves**<br>**20,698.35**<br>**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**<br>**5th Worcester Sea Scouts**<br>**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** 

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 

||**2022/23**|**2021/22**|
|---|---|---|
|Worcester District|354.61|8,000|
|Scout District Council|305.15||
|TSA Charity|336||
|**Total**|**995.76**|**8000**|



4. 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**|



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 

||**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**