l)owsign Envelopo ID.. 815704FA-5FC4482F-A612£2FCE7819)D4 THE SCOUT FOUNDATION INI) TRUSTEES. ANNUAL REPORT & FINANCIAL STATEMENTS FINANCIAL YEAR ENDED 31 DECEPABER 2024 COMPANY NUMBER: N1026154 CHARrrY NUMBER." XR11142 CCNI NUMBER: 101206
Docusign Envetope ID: B15704FA-5FC44B2FA612-c2FCE78104 THE SCOUT FOUNDATION (NI) COMPANY LIMTfED BY GUARANTEE (A COMPANY LIMITED BY GUARAKfEE NOT HAVING A SHARE CAPITAL) TRUSTEES ANNUAL REPORT & FINANCIAL STATEMENTS FINANCIAL YEAR ENDED 31 DECEMBER 2024 CONTENTS PAGE Officers and Professional Advisors TnJstees' Annual Report incorporating the Directors. RerK 24 Statement of Direct(ffs' RestKmsit4iii8S Independent Auditorfs Report to the mwnb8rs 7-10 statement of Financial P£tivi 11 Statement of Financial PoSitn 12 Statement of Cash Fbv•S 13 Notes to the Financial Statements 1M2
Docu81gn Envdope ID: 815704FA-5FCUB2FA612£2FCE78190D4 THE scol FOUNDATION (ND COMPANY LIMITED BY GUARANTEE OFFICERS AND PROFESSIONAL ADVISORS. FINANCIAL YEAR ENDED 31 DECEMBER 2024 The Board of Directors Ronan McGibbon Mary Hogg David Monaghan Ciaran McAuley Patrick Kidney {restgned 14A)9r2024) Ned Brennan (resigned 1410912024) Raymond O'Donnell Paul Conlon John Holland (appointed 2811012024) Thomas Martens (appointed 2811012024) Se¢retary Ciaran McAuley HMRC Charlty Number XR11142 Company Number N1026154 CCNI Numbor 101X Registerad offlce NICVA 61 Duncaim Gard6ns Belfast BT15 2GB Auditor HLB Ireland Audlt seCes Llmited Suite 7 The Courtyard Camianhall Road Sandyford Dublin 18 Bankers Bank of Ireland Belfast Cty Branch BT128A
Docusign Envelope ID: 815704FA-SFC44B2FA612-C2FCE78190D4 THE SCOUT FOUNDATION (ND COMPANY LIMITED BY GUARANTEE THETRUSTEES'ANNUAL REPOltr. INCORPORATING THE DIRECTORS, REPORT FINANCIAL YEAR ENDED 31 DECEMBER 2024 The directors psent their report and finaal statements forthe year ended 31 December 2024. The financial statements are prepared in accordance with the accounting policies as set out in Note 2 to the Financial Statements and compty with the Charity's Memorandum and Articles of Association. the Companies Act 2006, the Charities Act (Northern Ireland) 2022. FRS 102 and the Ststernent of Recommend8d Practice Accounting and Reporting by Charities {SORP). Structure. Governance and Manapgment The Charity is a company limtted ty guarantee. Every member of the Charity undertakes to contribute to the assets of the Charity. in the event of same being wound up while it is a member, or within one period while it ceases to be a rnember, for payTnent of Ihe debts and liabilities of the Charity contracted before tt ceases to be a member, and out of costs, charges and expenses of winding up. and for the adjuslment of the rights of the conlributories among themselves. such amount as may be required not exGeeding £10. The members, who are also trustees for the purpose of Charity Law. who seNed during the year W0. Ronan McGibton Mary Hogg David Monaghan Ciaran M¢Auley John Holland Patrid( Kidney Ned Brennan Raymond O'Donnell Paul Conlon Thcmnas Martens If appropriate. new members, and directors. are invitetj onto th8 Board at the Directors, discretion. There ar8 no specific requirements regarding skill or experience, however the current direct(Ks recogniz8 the importance of a diverse and competent Board and this will impact upon any nomination. Those who are invited will be involved with The Scout Foundation (Nl) a1 will be held in high regard for th8ir work. New Board rnernbers receiv8 induction training uwn membership to the Board. Th8 memb8rs have assessed the major risks to which the Charlty is 8XPOS8d and are satisfied that systems a in place to mitigate exposure to major risks. Objectives of the Charlty The objectives ofthe Charity are to infom). promote and develop the aims of Gasoga na hÈireannlScouting Ireland CLG, whom are dedicated lo enablin9 and empowering young people to realise their full potential, through Its cora values based on the Scout Promise and Law. fostering active (atizenship and helplng creat8 a better community, society and world. Achlevlng Scoutlng Irèland's Objectives Supporting our Volunteer Members: Through the provisK)n of training, programmé material and resources induding administrative support. Youth Participation: By encouraging the developmént of youth parbcapation structures at all levels including resources. Organ55ational Structure Individual members join a local group of Gas(iga na hÉireanrdScouting Ireband CLG. In Ihe Northem Province there are four scout counties and forty-six local groups. and these groups and counties are supported by The Scout Foundation {Nl} and by SeUt Ireland's provincial management support team.
DO$19n Envelope ID.. 815704FA-SFC44B2F-A612-C2FCE7819)04 THE scoirr FOUNDATION IND COMPAIYY LIMITED BY GUARANfEE THETRUSTEES, ANNUAL REPORT, INCORPORATING THE DIRECTORS, REPORT FINANCIAL YEAR ENtED 31 DECEMBER 2024 Management and Decision Making The Board rnanages the affairs of The Scout Foundation (Nl). The Board meets regularly. The Board is assisted in discharging its duties by a number of committees vhse membership comprises of volunteers. The Scout Foundation {Nl) employs a senior adrninistratorwhose role is to oversee the operations and administration ofThe Scout Foundation (Nl) and who reports directly to the Board ofThe Scout Foundation (Nl). Related parties and Other Entities The Scout Foundation (Nl) is assoaated GastsJa na hÉireannlScouting Ireland CLG, a company incorporated in the Republic of Ireland. Publlc Benefft The Scout Foundation (Nl) is a charity registsred with the Charity commissi for Northem Ireland. Its main purw)se is the advancement of adallOn and the advanment of citiZship andlor comrnunty developrrEnt. The benefits whlch flow fn)m this purw)se indude the physi1. intellectual. emotional, social and spiritual development ofyoung people so that they may achieve theirfull potential and. as responsible ritizens, to improve society. The Scout Foundation (Nl} supports an extensive variety of services to Scouts Groups in Northem Ireland. It supports the delivery of a wide range of prograrnme opportunlties that help the development of individual potential, encouraging community involvement and provKling opportunities for young people to be listened to and have their say. In providing these serrfices there is no known risk of unintended c(equenC8S. The ben8ffts of thls purpose are provided to children. young people and volunteers without distinction of origin, race, creed. gender, sexual orientation. or ability. in North8m Ireland. The Scout Foundation (Nl) is confident it has met ts public b8nefft requirement by. among a wde ran9e of activities: (i) (li) (iii) (iv) (v) (vi) The provision of training kn volunteers Direct support to k)cal Scout Groups Providing Provincial prcsrammes for young people Supporting youth empowermtt and partripation Supporting local Scout Groups. govemance requwements Foming collaborations with other organisati¢Jns to enha[ the service that we deliver Volunteer members The Scout Foundation {Nl) recognises and appreciates the commitsnent of the members ofthe Northern Province. It is not possible to pul a monelary value on this voluntary effort. but it is essential to enable The Scoul Foundation (Nll to achieve its core objectives. Principal Risks and Uncertainties The main risk to the Charivs futu incc*ne is the deuease or rescinding of the grant received from Education Aulhoiity of Northem Ireland. The members have assessed the m4or risks to which Ihe Chaiity is exposed and are satisfied that systems are in place to mitigate 8xposure to major risks.
Docusign Envelope ID.. 815704FsFC44B2F-A6l2-C2FcE78l9j04 THE SCOUT FOUNDATION COMPANY LIMITED BY GUARA]YfEE THETRUSTEES, ANNUAL REPORT, INCORPORATING THE DIRECTORS, REPORT FINANCIAL YEAR EN1 31 DECEMBER 2024 Achievements and Perforniance The Charity has successfully developed strong links With Ihe community and its funders. Overall. the Charity remains in a strong financial positiffi. Financial Review The financial results for the year a shown on Pages 11-13. The members consider that the Charity has sufficient resources and assets available. whith are adequate to fulfil the Charity's obligations. Unrestricted funds are needed to: (i) Provide funds that can be designated to specifr woiects to enable these projects to be undertaken at short notice, and (li) Cover administration and support costs. wthout which the Charity could not function. The members consider it prudent that the unrestricted fund should be sufficient to avoid the necessity of realising fixed assets held for the Charity's use. The level of reserves is monttored bythe Directors on a regular basis. Disclosure of Inforniation to Audito Each of the directors have confimied that there is no infomiatlon of which they are aware which is relevant to the audit, but which the auditor is unaware. They have further confirnied that they have undertaken appropriat8 St8PS to id8ntify such relevant informatlon and to establish that the auditors are aware of such infomiation. Reserves Restrtcted and unrestricted reserves at ts end of the year increased from £150.821 at 31 D8camber 2023 to £186,472 at 31 December 2024. Evonts after the end of Ihe reporting riod There hav8 baen no significant events aff8Cting the Chty Sin year eThJ. Golng concern Cash flow forecasts have been prepared by management which indicale that the Charity is expected lo have sufficient cash flows to meet its obligations for a period of at least 12 months from the date of approval of these financial statements. The directors have a reasonable expectation. based on its yesent liqdIty position. thatthe Charity has adequate resources to meet its commttments over the next 12 months the approval of these financial slatements. Accordingly, the Directors continue to adopt the going Lxjncem basis of preparation in the financial statements for the year ended 31 December 2024. Auditors HLB Ireland Audit Services Limited. were appointed auditors by the directors to fill the casual vacancy and they have expressed willingness to continue in ofte in accordance with the provision of sectiffi 485 of the Companies Act 21X)6.
Docuslgn Envelope ID.. 81S704F5Fc44B2F-A6l2l2FcE78l9]D4 THE scour FOUNDATION (N COMPANY LIMITED BYCUARANfEE THETRUSTEES. ANNUAL REPORT. INCORPORATING THE DIRECTORS, REPORT FINANCIAL YEAR ENDED 31 DECEMBER 2024 Small companles note In preparing this report. the directors have taken advantsge of the small companies, exemptions provided by section 415A of the Companies Aci 21Th. This report was approved by the tM)wd and signed on ts behalf by: Mary Hogg Director Ronan M¢Gibbon Director Dato: 24 September 2024
Do¢usign Envelope ID: 8157o4FA-5FC44B2FA612Q2FCE781D4 THE scour FOUNDATION (NI) COMPANY LIMTTED BY GUARANfEE STATEMENT OF DIRECTORS. REPORT FINANCIAL YEAR ENDED 31 DECEMBER 2024 Dlrectors, Responsibilitles The direct(S are responsibleforpreparing fhe Directors. report and thefinancial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the finanual statements in acrx)rdance with applicable law and United Kingdom Accounting Standards {United lQngdom GenallY Accepted Accounting Practice). including Financial Reporting Standard 102 The Financial Rewrting Standard applicable in the UK and Republic of Ireland.. Under Company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and ofthe surplus or defic4t of the Charity for that period. In preparir¥J these financial statements, the directors are required to: select suitable accounting poliGies for the Charity financial statements and then apply them consistentty" Observe the methods and princlples of the Charilies SORP (FRS 102): mak8judgmenls and accounting estimates that are rea)nable and prudènt" stats whether applwble UK Accounting Standards have been followed. subject lo any materlal departures disdosed arKJ explained in the financial statements" and prepare the financial statements on the gotng COnM basis unl8SS it is inappropriate to presum8 that the Charity will conlinue n business. The directors are responslblè for keepiry adequate accounting reojrds that are sufficient to show and explain the Charity's tran5adions and disdose with reasonable accuracy atanytlmethefinancial position of the Charity and enable them to ensure that the financial ststements compty wlh the Companies Act. 2006. Thoy are also r8sponsibl8 for safeguarding the assets of the Charityand hen fortaking reasonablé steps for the prevenlSon and detection of fraud and other rregularities. Slgnèd by order of the board Mary Hogg Dlrector Ronan McGSbbon Director Date: 24 September 2025
Docuslgn Envelope ID.. 815704FA4Fc4482F-A612-C2FCE78104 THE SCOUT FOUNDATION INI) INDEPENDENT AUDrroR'S REpoirr TO THE MEMBERS OF THE SCOUT FOUNDATION (NI) FINANCIAL YEAR ENtED 31 DECEMBER 2024 Opinion We have audited Ihe financial ststements of The Scout Foundation {Nl). which comprise the Statement of financial activities, the Statement of financAal position. the Statement of cash Ilows and the related notes for the financial year ended 31 December 2024. The financial reporting framework that has been aPpld in their preparalion is UK Law and FRS 102 'The Financial Reporting Standard appli(2bte in the UK and Republic of Ireland-. issued in the United Kingdom by the Financial Reporting Council. applying Section 1A of that Standard. In our opinion, The Scout Foundation (Nl)'s financial statements- give a true and farr view in accordance with United lfjngdom Generally Apted Accounting Practw of the stste of Ihe charity's affairs as al 31 December 2024 and of its incoming resources and application of resources for the year then ended: have been properly prepared in accordance with SORP Financial Reporting Stsndard 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland"; and have been properly prepared in accordance with the requirements ofth8 Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with Intemational Standards on Audiling {UK} ('ISA') and applicable law. Our responsibilities under those standards are further described in the 'r8sponsibi1Sties of the auditor for the audit of th8 flnancial statements, section of our rep¢)rt. We are indeperKlent of the charity in accordance with the ethical requiréments that ar8 relevant to our audlt of the financial stslements in the United Kingdom, namely FRC'S Ethical Standard conceming the intègrity, objectity and independence of the audltor. We hav8 fulfilled our othèr ethical responsibilrlies in aCC(*dan with these requirements. We believe that the audit ewdence we have obtained is sufflent and appropriate to provkle a basis for our opinion. Concluslons relating to golng concem In auditing the financkgl ststements, we have conduded that the Directors, use of the going concem basis of accounting in thé preparation of the financial statements is appropriate. Based on the work we have performed, we have not id8nttfied ary material unrtaIntieS retating to events or conditions that. individually or collectively. may cast signfficant doubt on the Company's ability lo continue as a going concem for a period of at least iwefve months from the date whèn the financlal stateménts are authorised for issue. Our responsibilities. and the responsibilities of the Directors,. with respect to going concem are described in the relevant sections of this report. Opinions on othermatters prescrlbed by the Companies Act 2006 In our opinion. based i)n the work undertaken in the course of the audit the information given in the TnEÈe'sknd Rqmytfor the financial year for vthich the financial statements are prepared is consistent with the financial ststements. and the Trustee's Annual Report has been prepared in accordance with applicable legal requirements. other Inforniation Other information comprises information included in the annual report. other than the financial statements and our auditor's report thereon induding the Trustees. Annual RewrL The directors are responsible for the other information. Our opinion on the financial statements does not cover the oth8r infonyotion and. except lo the extent otherwise explicilly slated in our report we do not express any fomi of assurance condusion thereon.
Docusign Envelope ID.. 815704FA-5FC44B2F-A612-C2FCE78190D4 THE Scotrr FOUNDATION (NJ) COMPANY LIMED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE SCOUT FOUNDATION (NI) FINANCIAL YEAR ENtED 31 DECEIABER 2024 In connection with our audit of the financial statements, our resw)nsibilty is to read the olher information and, in doing so, consider whether the other infomation is materially inconsistent with the financial statements or our knowledge obtained in the audiL or otherwise appears to be materially misstated. If we identify such material inconsistencies in the financial statements. we are required to detemiine whether there is a material misstatement in the financial statements or a material misstatement of the other infom)ation. If, based on the work we have performed. we condude that there is a material misstaternent of this other infomialion. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by tho Companie5 Act 2006 In our opinion. based on the work undertaken in the crSe of the auditr. the inf0mtion given in the Trustee's Annual Report for the financial year for whith the financial statements are prepared is consistent with the financial statements. and the Trustee's Annual Rep(Kl has been prepared in accordance with applicable legal wuirements. Matters on which we are required to report by exception In light of the knowledge and uThJerstanding of the Charity aThJ its environment obtained in the course of the audit, we have not identified any material misstatements in the Directors, Report included within the Trustees, Annual RerK)rt. We have nothing to repcxt in respect of the following matters wh8re the Companies Act 2006 requires us to report to you rf. in our opinion.. adequate accounting records have not toen kept. or retums adequate for our audit have not be6n r8c6ived from branches not Visited by us: or the financial statements are not in agreement viith the acnting records and retums. or certain disclosures of directors, remuneration specrfied by law are not made,. we have not received all the information and explanations we require for our audit. the directors yre not entitled to take advantage of the small compani8s' regime from the requirement to prepare a strategic rewrt or ri preparing the directors. report. Responslblllllos of management and thos• charged with govemanco for tho financial ststements A% explained more fulty in the Direclors. responsibiliti8S stalent, management Is r8sponsible for the preparation of the finanaal ststements which give a true and falr Mew in accordance with United Kingdom Generally Accept8d Accounttng Practice. including FRS 102 and for such intemal control as directors detemiine necèssary to enable the pr8paration of financial statements are free from material misstatément, whether due to fraud or 8rror. In preparing the financial ststements. management is responsble for ass8ssing the charity's ablllty to continue as a goirMJ concem. disdosing. as applicable. matters related to going concem and using the going concem basis of accounting unless management either intends to liquidate tt78 Charity orto cease operations. or has no realistic altemative but to do so. Those charged with govemance are resp(sIble for overseeing the charitys financial reporting pyocess. R•sponslbilities ot the auditor for the audit of the flnancial stknnents The objectives of an auditor are to obtain reasonable assurance aiK)Ut whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditor'5 report that includes their opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance wilh ISAS (UK) will always delect a rnaterial misstatement when it exists. Misstatements can arise from fraud or error and are considered rnaterial if. individually or in the aggregate. they could reasonably be expected to lnfiuen the economic decisions of users taken on the basis of these finanoial statements.
Docusign Envelope ID.. 815704FA-5FC4482F-A612-C2FCE781 THE scoiyr FOiJNDATION (ND COMPANY LIMrrED BY GUARANfEE INDEPENDE AUDffOR'S REPORTTOTHE MEMBERS OF THE scour FOUNDATION (N FINANCIAL YEAR ENDED 31 DECEMBER 2024 A further descriptFon of an auditorfs responsibilities for the audtt of the financial statements is located on the Financial Reporting Council's websiie at: www.frc.org.uk1audtt0rsrestSlbI1lties. This de$iptn forms part of our auditor's report. Explanation as to what extent the audit was considered capable of detecting irregularltles, Including fraud. Irregularities, including fraud, are inStanS of non-0)mplian wilh laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misststements in respect of irregularities, including fraud. OWINJ to the inherent limitations of an audit. there is an unavoidable risk that material misstatement in the finanaal ststements may not be detected. even though the audit is properly planned and perfomied in accA)rdance with the ISAS (UK). The extent to vthich our procedures are capable of detecting irregularilies. including fraud is detailed below. Based on our understsnding of the Charity and industry. W8 id8ntified that the principal risks of non- compliance with laws and regulations related to compliance wtth Jaws and regulations related to complianc with data protection. and we considered the extent to whith non-compliance might have a material effect on the financial statements. We also consid8r8d those laws and regulanS that have a direct impact on the preparalion of the financial ststements such as the Companies Act 2006. The Audit engagement partner considered the experience and expertise of the engagement to ensure that the leam had appropriate competence and capabllities to idenbfy or recognise non•compl1an the laws and regulation. W8 evaluated management's incentives and opporiunities for fraudulent manipulation of the financial ststemenls {including th8 risk of override of controls) and detemiined that the principal risks were related to p0sng inappropriat8 joumal 8ntries to manipulate financial perfomiance and management bias through judgements and assumptions in significant accounting estimates. in particular in relation to significant one-off or unusual transactions. We apply professional scepticism through the audit io consider pjtential deliberate omission or concealment of significant transactions. or incompletelinaccurate disclosures in the financial statements. In response to thèse prfncipal risks, our audit prOdureS induded but were not limited to: enquiri8s of management and board on the policies and procedures in place regarding compliance with laws and regulalions. including consideration of kno¥1 or suspected instances of non- compliance and whether they have knowledge of any aciual. suspected or alleged fraud., inspection of the Chartty's wulatory and legal correspondence and review of minutes of board meetings during the year to corrotx)rate inquiries made: gaining an understanding of the entity's current activities, the scope of authorisation and the effectiveness of its control environment to mitigate risks related to fraud,. discussion amongst Ihe engagement team in relation to the identifi8J lavts and regulations and regarding the risk of fraud. and remaining alert to any indications of non-compliance opwrtunities for fraudulent manipulation of financial ststements throughout the audit; identifying and testing joumal entries lo addsS the risk ofinappropriate journals and management override of controls: designing audit procedures to incorporate unpredictability around the nature. timing or extent of our testing. challenging assumptic*)s and judgements made by management in their significant accountin9 estimate5: review of the financial statement disclosures to undertying supporting documentation and inquiries of managemenL
Docusign Envelope ID: B157o4FA-5FC44B2F-A812-C2FCE781D4 THE scot FOUNDATION (ND COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF THE SCOUT FOUNDATION (NI) FINANCIAL YEAR ENDED 31 DECEMBER 2024 The primary responsibilty for the wevention and detection of irregularities including fraud rests with thosè charged with govemance and management. As with any au(JiL there remains a risk of non-detection or irregularities, as these may involve cols1on, forgery. intentional omlssics. misrepresenLqtions or oveIde of internal controls. The purpose of our audit work and lo whom we owe our responsfoilities This report 15 made solely io the Charity'5 members. as a tx)(ty. in accordan wth chapter 3 of Part 15 of the Companies Act2006. Our audit work has been undertaken so thatv might state to the Charity's members those matters we are required to stste to them in an auditorfs report and for no other purpose. To the fullest extent pennitted by law, do not accept or assume respon5ibilty to anyone other than the Charity and the Charity's members as a body. for our audit work. for this repcrt or for the opinions we have formed. John Duffy For and on behalf of HLB IRELAND AUDIT SERVICES LIMrrED Suit8 7 The Courtyard Carmanhall Road Sandyford Dublin 18 Date: 24 September 2025 10
Docusign Envelope ID: 81s7o4FA-5FC44B2FA612FcE78lD4 THE scour FOUNDATION (N COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES. INCORPORATING THE INCOME & EXPENDITURE ACCOUNT FINANCIAL YEAR ENDED 31 DECEMBER 2024 16 Months Year Ended Ended Unrestricted Restricted 31 December 31 December funds funds 2024 2023 INCOME Inccffle from Charitable ActivttEs 208 230 899 EXPENDITURE ExndItUre on Charitable Activibes 241 166 TOTAL EXPENDrruRE NET INCOMEI(EXPENDITURE) Total funds brought forward 12 161088 TOTAL FUNDS CARRIED FORWARD The Statement of Financial Activiiies indudes all comprehensive incxmme in the period. Al incoffle and expenditure derives from continuing activities. The notes on pages 14 to 22 fonn part of th8 financial ststements.
Docuslgn Envelope ID: B15704FA-5FC44B2F-A612.C2FCE78190D4 THE scol FOUNDATION (ND COMPANY LIMITED BY GUARANfEE STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 2024 2023 FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Note 436 762 10 10,240 Cash at Bank and on hand Total Current Assets 180579 190,819 221,868 LIABILITIES Creditors falling due within one ye NET CURRENT ASSETS 11 NET ASSETS THE FUNDS OF THE CHARITY Unrestricted Income Funds 18 149,225 107,845 Restricted Income FS 18 Total Income FurKIs 18 These financial slatements have been prepared in accordance with the special provisions of Part 15 of the Companies Act. 2006 rélating to small compani8S. The financial statements on pages 14 to 22 were approved aTrJ aulhorised for issue by the Board of Directors on 24 Septembèr 2025 and are signed on their behalf by: On behalf of the Bc Ronan McGibl)on Director Mary Hogg Dwector 12
t)o¢usign Envelope ID: 815704FA-5FC4482F-A612£2FCE781D4 THE SCOUT FOUNDATION (NI) COMPANY LIMITED BY GUARANTEE STATEMENT CASH FLOWS FINANCIAL YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash flows from operating activit Surplusl{Defiat} for the y 35,651 {10,267) Adjustments for Depreciation of tangible assets Decrease in debtors 436 6,445 10,240 (DecTeaseylncreas8 i) creditors Nèt cash infiow from opelthg athltles Net Incroase In cash and cash equivalents Cash and cash equivalents at beginning of Sear 180 579 156 909 Cash and cash equlvalonts at the end of year 221868 180 Cash at bank and In 221868 180 579 13
t)ocusign EnveloFe ID: 815704FA-SFC44B2F-A612-C2FCE781 THE scoirr FOUNDATION (ND COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FINANCIAL YEAR ENDED 31 DECEMBER 2024 I. CONSTrruTION The Scout Foundation (Nl) is incorporated in Nothem Iretand as a registered charity. and a company limited by guarantee. whose purpose is to promote the develtjpment of young people in achieving their physical, intellectual. social and spiritual potential. as individuals. as responsible citizens and as members of their local. national and intemational communtbes. 2. ACCOUNTING POLICIES Basls of preparation The financial statements have been prepared under the historical cost convention. In preparing the financial statements the Charity applies the Statement of Recommended Practice applicable to charities preparing under FRS102 {SORP). The financial statements have been prepared under th8 assumption that the Charity will continue to operate as a going concem. The company has opted not to file an analysis of nel debt as the (x)mpany has no debt. The finanoial statements are prepared in accordance wtth the Charity's MenKJrandum and Articles of Association, the Companies Act, 2006, the Charities Act (Northem Ireland) 2022, FRS 102 and the Stat8m8nt of Recommended Practice Accounlw and Reporting by Charities. The company meets the definition of public benefft entity under FRS102. Going ¢onc•m Cash fl¢JW forecasts have been prepared by management which iidicat8 that th8 Charity is expected to hav8 sufficAent cash flows to m8et its otdigalions for a pwiod of at least 12 months frcrfn the date of approval of th8se financial statements. The directors have a reasonable expectatn. based on its present liquidty position, that the Charity has adequate resources to meet its ccthmiknents over the next 12 Months from the approval of these financial statèmènts. Accordingty, the Directors continue to adopt the g)ing COrern basis of preparati)n in the financial statements for the year ended 31 Derrthr 2024. Incomlng rnsources Incoming resources are recognlsed when the conditions of entitlement, probability and measurement as specified In SORP, are met. Tr value of vdunteer time is not included in the Finanaal Statements. Activities forgenerating funds are the trad and otherfundraising activities carried out by a Charity prlmarily to generate incoming resources wthich will be used to undertake its charitsble actrvities. Incoming s(r¢eS from charitable activities include rni)nies received for the provision of charitable services, and grants received for the provision of specific services. The charitable activities have been analysed under the following headings: Vdunteer Supkx)rt and trainir¥J SupFrt)rt and serbryces to the Scouiing Movernent 14
Docusign Envelope ID: 8157O4FA-5Fc44B2F6l2-C2FCEr819oD4 THE SCOUT FOUNDATION (NI) COMPANY LIMTfED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FINANCIAL YEAR ENDED 31 DECEMBER 2024 Resources expended Liabilities are CogniSed as resour expended as soon as there is a legal or constructive obligation committing the Charty to this expenditure. Costs of generating funds are the costs ass(lated wtlh generating incoming resources from all sources other than from undertaking charitable actiwties. Direct charitable expenditure is that expendiiure which is direcuy ncurred in furtherance of the Charity's objects. Support costs are costs incurred directy in SUP[ of the Charity. The cosls ar8 attributed to the activities that they support. Governance costs are those activities which provide the govemance infrastrUCre which allows th8 Charity to operate and to generate the infomiation required for public accountability. Irrncovorable VAT All rèsources expended are classified under activity headings that aggregate all costs r8lated to the ca18gory. As VAT is irrecoverable, it is charged against the category of resources 8xpended for whith rt was incurred. Tanglble Flxed Assets Tangible Fixed Assets are ststed at cost less depreaation. DepjaIl( ts provided to vrtite off the cost, less estimaled residual value of each asset over its useful lif8, at the annual rate of 15% straight line. Capital expenditure in excess of £1,000 Is taken to the Statsment of Finanaal Position In the year it is incurred and depreciated over its useful life. Expenditure of less than this amount is debited to the Statement of Financial Aclivities accordingly. Fixed Assets are reviewed for impaiment if clrojmstsnces indicate their carrying value may exceed their net realisable value or value in use. D•btoYs Short-tenn debtors are measured at transaction price, less any impaimenL Loans receivabl8 are measured initially at fair value. including transaction costs. and are measured subsequently at amortised cost using the effective interest method, less any impairmènL Cash and cash equivalents Cash is represented by cash in hand and deposi15 With financial institutions repayable WFthout penalty on notice of not more than 24 hours. Cash equivalents are highly liquid veStments that mature in no more than three months from the date of acquisition and that are readily converbble to known amounts of cash with insignificant risk of change in value. In the Statement of cash flows. cash and cash equivalents are shown net of bank overdrafts that are paYable on demand and form an integral part of the company's cash management. 15
Docusign Envelope ID.. 815704FA4FC4482F-A612-C2FCE7819004 THE scoirr FOUNDATION IN COMPANY LIMED BY GUARAiYfEE NOTES TO THE FINANCIAL STATEMENTS FINANCIAL YEAR ENDED 31 DECEMBER 2024 Flnanclal Instruments The Charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts r1Vable and payable. loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shas. Debt instruments {other than those wholly repayable or receivab within one year). including loans and other accounts receivable and payable. are initially measured al present value of the future cashflows and subsequenuy at amortised cost using the effeciive interest method. Debt instruments Ihat are payab18 or receivable within one year. typically trade payables or receivables, are measured. initially and subsequently, at the undiscounted arnunt of the cash or other c(msideration, expected lo be paid or received. However. if the arrangements of a short-temi instrument constttuie a financing transaction, like the payment of a trade debt deferred beyond norn1 business tenns or financed at a rate of interest that is not a market rate or in case of an out-right short-lerm loan not at market rate, the financial asset or liability is measured. initially. at the present value of the future cash flow discounled at a market rate of interest for a simikgr debt instrument and subsequently at amortised )St. Financial assets that are measured at cost and amortised cost is assessed atthe end of each reporting period for objeclive evrdence of impaimient. Ifobjective 8vKlence of impairment is found. and irnpairrnent bss is recognised in Ihe IrKrme statement For financial assels WaSured at amortised cost. the impaimient loss is measured as the difference between an asset's carrying amount and th8 present value of estimated cash llows discounted at the assel's original eff8Ctive interest rate. If a financial asset has a variable interest rate, the discount rats for measuring any impaimient loss Is the current effectN8 interest rate detemin8d under the rA)ntract. For financial assets measured at cost less impaimient. the impairment loss is measured as the dlfference be88n an assevs carrying afflount and best estimate. which is an approximation of the amount that the Charty would receive for the asset if It were to be sold at the reporfing date. Fknancial assets and li9bilities are offsec and the net amount reported in the Stat8ment of financial positk)n vth8n there is an enforceable right to set off the recognised amwnts and there is an intention to settle on a net basis or to realise the asset and settle the liabilty simultaneously. Creditors Short-term creditors ar8 measured at the transaction price. OU)erfinancial liabilities. includlng bank loans, ar8 measured initially at fair value, including transaction costs, ar¥J e measured subsequently at amortised cost using the effeotive interest method. Accumulated Funds Unrestricted Incomo Funds Unrestricted Income Fund5 ar8 available for use at the discreti of the members in the furtherance of the general objectives of the Charity. Taxation Theie is no taxation as the Charity has been granted charitst4e slatus by HMRC (Charity Number XR 11142). 3. LEGAL STATIJS The Charity is a company limited by guarantee and not having a share capital. The liabilty of each member in the event of winding up is limited to £10. 16
Docu8lgn Emielope ID: 81S704FA-5FC4482F-A612£2FCE7819)04 THE Scotrr FOtrNDATION (ND COMPANY LIMfTED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FINANCIAL YEAR ENDED 31 DECEMBER 2024 4. INCOME FROM CHARITABLE ACTivrriES 16 Months Year Ended Perlod ended 31 December 31 December 2024 2023 Income frn Charitable Activtties 208 230 899 Inded viithin IncorrE from Charitable Aclivitses are tre fOu¥Ing amunts: Restricted funds EANI Grant5 Unrestricted funds National Office and PThirtial SuKwi Grants Training income and supwi Bank interest r1Vable 144.621 159,801 46,022 58.033 13.865 1.087 9,187 13 During the finanoal year, grant fvnding of £144.621 awarded by thé Education Authority. £116,250 was given from the Regional Strategic Funding Strearn under the Regional Strategic Support for EA Registered Local Vduntary members fund and £26.871 was given from the Regional Devekipmenl Funding Stream under the Youth Work Volunteer Development fiJrKI. A £1. raxv&J frrffi lh8 EAYS FundiThJ 2024r25: Cdthtirg Ihe Contrknth (rfV(knkn tsi Youth INcxk Dthy. The grants are received in regular instalmenls during the course of Ihe pemd and their purpose is to contribute to the costs of delivering the charity's youth work programme. Income is recognised whan th8 cha . itemls) of income have been meL i measured reliably. has tillement to the furth. a pthmance LX)rNJttions attached to the Yi be received. and the amount can be is probable that th8 income wi Due to the income recognition requirements under Charities SORP IFRS 102) the total grants received during the financial period are racognised in that period. The Education Authority undertake an annu81 review ofthé grants awarded to SFNI and may detem)ine that a refund is required for grant fvnding already received in Ihe period. TOTAL RESOURCES EXPENDED Expenditure on Charitable Activities Charitable activities have been analysed into three categories as explained in Ihe accounting policies. Costs re allocated using the principles explained in that note. Volunteer support and training includes those activities that support leaders and other adults involved in Scouting. Support and services to the Scouting movement includes activities such as educati(al activities that members participate in, activities which are aimed at growing the Scout movement and activilies such as safeguarding training and insurdnce, and which assist the activities of the Scout group. Govemance costs include the cosl of holding Board and General Meetings. 17
Dowsign Envelope ID.. 815704FA-5FC44B2F-A612£2FCE7819)04 THE SCOUT FOUNDATION (ND COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS RNANCIAL YEAR ENDED 31 DECEMBER 2024 TOTAL RESOURCES EXPENDED 16 months Year End•d Ended 31 December 31 December 2024 2023 Analysis otexpenditure on charitable activities Unrestricted Rtstricted Support and Training &1 6.798 75.300 82.098 32,377 Support and services to Ihe Scouting Movement Govemance C¢ts 52 15.370 74,944 90,314 207.535 238 106 241 166 Analysis of expenditure on charitable acllvillos Drect Support Governance Totsl Total Volunteer support and Training Support and services to the Scouting Movement Governance Costs 82.098 82,098 90,314 32,377 207,535 90.314 344 172 756 241166 5.1 Volunteer Support & Training 16 Months Year Ended Ended 31 December 31 Docember 2024 2023 Unrnstricted Restrlctsd Training ExperKJlbJr8 Special Projects Other Provincial Costs 18,763 27,762 23,269 27,762 2,235 26,589 52 Support and Sèrvices to the Scouting Movement 16 Months Year Ended Ended 31 December 31 December 2024 2023 Central Management Costs Repayment of Grant Funding Fixtures and Fiitings DetKeciation 11.658 60.347 1.496 72,005 1,496 326 12,097 202 136.165 37,655 436 26,106 1,053 326 12,097 202 802 Professional Semces Other ExnSeS During the year total grant fundi of £1.496 (16 Months erKled 31december 2023.. £37.655) was repaTrd to the Education ALrtI)ority. 18
DcKusign Envelope ID". 815704FA-5FC44B2F-A612-C2FCE7819X14 THE SCOUT FOUNDATION (ND COMPANY LIMITED BY CUARANfEE NOTES TO THE FINANCIAL STATEMENTS FINANCIAL YEAR ENDED 31 DECEIABER 2024 5.3 Governance costs 16 Months Year Ended ended 31 December 31 December 2024 2023 Unrestricted Restricted Board and general meetings 106 106 344 DIRECTORS A) Remuneration None ofthe directors received any remuneration durirrfJ the year (2023: £NIL). B) l)ircYtors' Expenses Noof Amount Directors relmbursed Nature of Expensès Expenses 3.411 Incurred In carrying out duties as requi by PMST and The Sccmjt Foundation (Nl) STATirfoRY AND OTHER INFORMATION Year ended 16 Months ended 31 DOc•mr 2024 31 December 2023 The surplus for the year has been arrived at after thargirvJ: Depreciation The aLJit fee en(d 31 Dnber 2023 is to be bcffle by an ccfflpany, Gasoga na hÈr&qnrW&ting IrelwMJ CLG. This is ojnsistent Vth the kyior year. 326 436 19
Docusign Envelope ID". 815704FA-5FC44B2F-A612-C2FCE7819J04 THE SCOUT FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FINANCIAL YEAR ENDED 31 DECEMBER 2024 STAFF NUMBERS AND COSTS The average monlhly number of employees employed during Ihe year was 3 (2023.'3). The directors of The Scout Foundation {Nl) received no remuneralion for their seNi¢xs (PY: nil). No stsff emolurnents in eXsS of £60,000 were distribLrted (PY= nil). There was no compensation paid to key management personnel during the year (PY: nil}. Year Ended 16 Months period 31 December 2024 31 December 2023 Staff cxjsts: Wages and salaries Social welfare costs Pensi( costs 68,144 1,533 125,467 5,018 9. TANGIBLE FIXED ASSErs Brought forward 310ecember 2023Additions Carried forward 31 December 2024 COST Fixtures & FFttsngs Computer Equipment 18.858 18,858 531 Brought forward 31 December 2023 Charyes Carried forward 31 December 2024 ACCUMULATED DEPRECIATION Fixtures & Ftttings Computers 18.858 18,858 326 326 Brought forward 31 December 2023 Carried forward 31 D•cembor 2D24 NEf BOOK VALUE FlureS & Fittings Comkxrter equipment 762 762 436 436
Docuslgn Envelope ID.. 81S704FA-5FC44B2FA612-C2FCE781)D4 THE scol FOUNDATION (N COMPANY LIMITED BY GUARAF4TEE NOTES TO THE FINANCIAL STATEMENTS FINANCIAL YEAR ENDED 31 DECEMBER 2024 10. DEBTORS 31 De¢ember 31 December 2024 2023 Other Debtors 11. CREDITORS: Amounts falling due within one year 31 DKember 31 1)ecemb8r 2024 2023 Amounts owed to related par118S Other Creditors Accruals Othertsxation 32,996 212 2,854 2,879 Amounts owed to related partres are payable to a related CoMpry Gasoga na hÈireann I Scouting Ir8land CLG. 11 FUNDS 16 Months Year Endod Perlod Ended 31 December 31 December 2024 2023 At 1 January 2024 Surplusl(Deficil) for yearlpeTKKI At 31 December 2024 150,821 161,088 186472 150821 13. CAPITAL COMMrrMENTS The ChaTty had no capital commitments at the year q4. CONTINGENT LIABILITIES The company had no contingent liabililies at the financial year-erKled 31 December 2024. 15. POST BALANCE SHEEf EVENTS There are no events after the year end. 16. CONTROL The controlling parbes of the Charity are considered to be the membw5. 17. RELATIONSHIP wrrH OTHER CHARrfiES The Scout Foundation {Nl) is associated with Gasoga na hÉireannlScouting Ireland CLG company incorporated in Ireland. In the year ended 31 December 2024. donations arnounting to £45.184 {2023'. £60.934) were received from Gas(iga na hÉireannlScouting Ireland and amounts owing to Gasoga na hÉireannlScouting Ireland CLG at periLhJ end were £nil {2023: £30.053}. 21
Docusign Envelope ID: 815704FA4FC4482F-A612Q2FCE7819J04 THE SCOUT FOUNDATION {ND COIIPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEIAENTS FINANCIAL YEAR ENDED 31 DECEMBER 2024 18. ANALYSIS OF FUNDS Balance Incoming Resources Balancè 2023 Resources Expended 2024 Analysis of unrestricted reserve Analysis of stricted serve 107,845 63.786 {22,406) 149,225 150 350 208 407 186 472 Balan 31 Dember 2024 149 225 37 247 186 472 Represented by: Tangible assets Current a&%ets Current liabilities 436 184,621 436 37,247 221,868 37 247 186 472 19. APPROVAL OF FINANCIAL STATEMENTS The finarual statements were approved on 24 September 2025. 22