South East Belfast District Scout Council Statement of Financial Activitl8S Year ended 31 March 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted fvnds Note Income and endowments Donations and legacies Charitable activities other trading activities Investment income 10,000 40 39,942 77 265 58,480 21 265 58.480 21 Total In¢omo 58,766 58,766 50,059 Expendituro Expenditure on charitsble activities Total expendlture 54,978 479 55,457 42,286 54,978 479 55.457 42,286 Net Income and net movement In funds 3.788 {479) 3,309 7,773 RoconcllSatlon of funds Total funds brought forward Total fund6 carrled fonmard 118,074 958 119,032 111,258 121,862 479 122,341 119,031 The statement of financial activities includes all gains and losses rewnised in the year. All income and expenditure derive from continuing activities. The notss on pages 3 to 11 fomi part of these flnanclal statements. Draft Accounts 14:38 on 24 May 2023 South East Belfast District Scout Council Statement of Financial Position 31 March 2023 2023 2022 Not• Flxed assets Tangible fixed assets 14 61,779 64.787 Current a88ets Cash at bank and in hand 60,562 54,244 Not current ass•ts 60,562 54,244 Total assets less currant Ilabilltlas 122,341 119,031 Funds of tho charfty Restricted funds Unr8Strlct8d funds 479 121,862 122,341 957 118,074 Total charlty fund8 17 119,031 These financial ststements were approved by the board of trustaes and authorised for issue on 3LI.aLl￿X.1tr and are signed on behalf of the board by: Norman Richard McKee District Commissioner - Lagan District The notes on pages 3 to 11 fomi part of these financial statements. Draft Accounts 14:38 on 24 May 2023 South East Belfast District Scout Council Notes to the Financial Statements Year ended 31 March 2023 General information The charity is a public benefit 8ntty and a r8gister8d charity in Northern Ireland and is unincorporated. The address of the principal office is Ardnavelley Scout AGtivity Centre, 109 Old Milltown Road. Belfast, BT8 7SP. Statem•nt of compliance These financial statements have been prep8red in complianc8 With FRS 102, 'Th8 Flnancial Reporting Standard applicab18 in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing thèir accounts in ac¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charttles Act (Northern Ireland) 2008. Accountlng pollcles Basls of preparatlon The financial statem8nts have been prepared on the hlstorlcal cost basls, as modlfled by the revaluation of certain financial assets and liabilities and inv8Strn8nt prop8rt18s measur8d at fair value through income or expenditure. Th& financial stat8ments ar8 pr8pared in sterling, which is the funCt￿nal currency of the entSty. Going concern There are no material uncertalnties about the charitys ability to continue. Disclosure ex8mptlons The entity satisfies the criteria of being a qualifying entity as deflned In FRS 102. As such, advantage has been taken of the ft)Ilowing disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented. {b) Disclosures in respect of financial instruments have not been presented. Judgèmonts and koy 8ourca8 of a8tlmatlon uncertainty The preparation of the financial statem8nts r8quires management to make Judgements, estlmat85 and assumptions that affect the amounts reported. These estimates and judgements are contlnually revlewed and are based on experlence and other factors, including expectstions of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of two sub-classes: restricted income funds or endowment funds. Draft Accounts 14:38 on 24 May 2023 South East Belfast District Scout Council Notes to the Flnancial Statements (contlnuedj Year ended 31 March 2023 Accountlng policles {contlnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity- it is probable that the economic benefrts associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount Can be measured reliably. lagacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donat8d facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. incom8 from contracts for the supply of services is reco9nised with the delivery of the Gontracted service. This is classified as unrestricted funds unless there is a contractual requlrement for It to be spent on a particular purpose and retumed rf unspent, in which case it may be regarded as restriGted. ResourGes expended Expenditure is recognised on an accruals basis as a liability Is incurred. Expendlture Includes any VAT which cannot be fully recovered, and is classified under headings of the ststement of financial activities to which it relates- exp8nditur@ on raising funds includes the costs of all fundraising actlvitle8. 8vents, non4haritable trading activities, and the sale of donated goods. expènditure on ch8ritsble activities includes all costs incurred by a charity in undertaking activities that furth8r its charitab18 aims for the b8n8fit of its beneficiaries, including those support costs and Gosts relating to the govemanGe of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on Charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs aro apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost. and subsequently stated at cost lass any accumulated depreciation and impairment losses. Any tsngible assets carried at revalued amounts are r8cord8d at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Draft Accounts 14:38 on 24 May 2023 South East Belfast District Scout Council Notes to the Financial Statements {contlnugd) Year ended 31 March 2023 Accounting pollGies (contlnued) Tangible assets (contlnu8d) An increase in the carying amount of an asset as a result of a revaluation, is re¢ognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a r8suIt of revaluation. is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain. in whiGh case the loss is shown within othor recognised gains and losses on the statement of financial activities. Deprociation Depr8ciation is calculated so as to write off the cost or v81uation of an asset. less its residual value, over the useful 8conomic life of that asset as follows: Buildings Equipment 2¥0 Straight line 25% stralght Ilne Impaimient of flxed assets A review for indicators of impaimient is carried out at each reporting dat8, Wtth the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prlor impaimients are also revlewed for possible reversal at each reportlng date. For the purposes of impairment testing, when it is not possible to 8Stimate the recoverable amount of an individual assèt. an estimate is mada of the rècoverable amount of the cash-gen8rating unit to which th8 asset belongs. The cash-generating unit is the smallest identifiable 9roup of assets that includes the asset and generates cash inflows that largely Independent of the cash inflows from other assets or groups of assets. For impairm8nt testing of goodwill. the goodwill acquired in a business combination is. from the acquisition date, allocated to each of the cash-generating units that are expected to b8n8fit from the synergies of the comblnatlon, Irrespectlve of whether other assets or liabilities of the charity 8re assigned to those units. Government granls Government grants are recognised at the fair value of the asset re￿iVed or recelvable. Grants are not recognised until there is reasonable assurance that the charity will comply with th8 conditions attaching to th8m and th8 grants will b8 received. Where the grant does not impose specified future performanGe-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does iTnpose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-rel8ted conditions h8ve been met. Where grants re￿iVed are prior to satisfying the revenue recognition criteria, they are recognised as a liability. Flnanclal Instruments A financial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provisions of the instrument. Draft Accounts 14:38 on 24 May 2023 South East Belfast District Scout Council Notes to the Financial Statements (eontlnu•d) Year ended 31 March 2023 Accounting policios (¢onllnu Financial instruments {contlnuod) Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabiltties are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Dèbt instruments are subs8quently measured at arnortised cost. Where investments in shar8s ar8 publlcly traded or thoir fair valu8 can oth8lWl88 bo measured reliably, the inv8Stm8nt is subsequently measured at fair value with changes in fair valu8 recognisad in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, includlng derivatives, are initially recognised at fair value, unless paymènt for an asset is defe￿ed beyond nomial business tenns or financed at a rate of interest that is not a market rat8, in which case the asset is measured at the present value of the future payments discounted at a market rat8 of int8r8St for a similar debt instrument. Other flnanclal Instruments are subsequ8nUy measured at falr value, wlth any changes recognlsed In the statement of financl81 actlvltles, wtth the exceptlon of hedglng Instruments In a designated hedglng relatlonshlp. Financial assets that are measured at cost or amortls8d cost are reviewed for objecttve evidence of impaimient at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the ststement of financlal actlvltles In whlch the Inlllal galn was recognised. For all equity instruments regardless of significance. and other financial assets that are individually significant. these are assessed Indlvidually for impaimient. Other financial assets are eith8r assessed individu811y or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are rocognised immediately. to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the Impalrm8nt not pr8vk)usly been racognised. D•flned contributlon plans Contrlbutlons to defined contribution plans are recognlsed as an expense in the period In whlch the related servlce Is provided. Prepaid contrlbutlons are recogni5ed as an asset to the extent that th@ prepayment will18ad to a reduction in future payments or a cash refund. Wh8n contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service. the liability is measured on a discounted present value basis. The unwinding of the discount IB recognised as an expense in the period in which it arises. Draft Accounts 14:38 on 24 May 2023 South East Belfast District Scout Council Note5 to the Financial Statements (contlnued) Year ended 31 March 2023 Donations and legacios During the year ended 31 March 2022, the Council donated £5,000 to South District. A grant of £10,000 was received from the Department of Finance during 2022 (Note 16). Charitablg actlvltles Unr8Strict8d Total Funds Unr8strict8d Total Funds Funds 2023 Funds 2022 Fundraising activities and Events 265 265 40 40 Other tradlng actlvltles Unrestricted Total Funds Unrestrlcted Total Funds Funds 2023 Funds 2022 AV Walk In¢ome Hall Lettings and Camp Fees 603 57,877 58,480 603 57,877 58,480 39,942 39,942 39,942 39.942 Investment Income un￿StrICted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank inter8st rec8ivablg 21 21 77 77 Exp•ndltur• on charitablo a¢tlviti88 by fund typ• Unrestri¢t8d Funds Restricted Total Funds Funds 2023 Ardnavalley SGOUt Activity Centre 54,978 479 55,457 Unrestricted Funds Restricted Totsl Funds Funds 2022 Ardnavalley Scout Activty Centre 41,807 479 42.286 Draft AcGounts 14:38 on 24 May 2023 South East Belfast District Scout Council Notes to the Financial Statements (continued) Year ended 31 March 2023 Exppndlture on charltable activltles by actlvlty type Activities undertaken Total funds directly 2023 Total fund 2022 Ardnavalley Scout Aclivty Centre 55,457 55,457 42,286 10. Net income Net income is stated after chargingl(crediting): 2023 2022 Depreciation of tanglbl8 fixed assets 3.008 3.008 11. Independent examinatlon fees 2023 2022 Fees payablo to the independent examiner for: Indepandent examination of the financial stat8ments 2,292 12. Staff costs Th8 total staff costs and 8mploy88 b8n8fits for tho raportlng périod ar8 analysed as followg.. 2023 2022 Weges and 8alarie8 Employer contrlbutlons to penslon plans 13,204 11,184 91 13,204 11,275 The average head count of employees during the year was 1 (2022: 1). The average number of full-tlme equivalent employees durlng the year is analysed 8s follows.. 2023 2022 No. Number of other staff - caretaker No employee received employ66 banafits of more than £60,000 during the year (2022.. Nil). 13. Trustee remuneratlon and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. Draft Accounts 14:38 on 24 May 2023 South East Belfast District Scout Council Notes to the Financlal Ststements (contlnu Year ended 31 March 2023 14. Tanglble flxed assets Long leasehold F￿tureS and property fittings Freehold propety Totsl Cost At 1 Aprll 2022 and 31 March 2023 Depreclatlon At 1 April 2022 Charge for the year At 31 March 2023 207,749 1,082 45,025 253,856 149,001 40,068 3,008 189,069 3,008 149,001 43,076 192,077 Carrying amount At 31 March 2023 58,748 1,082 1.949 61,779 At 31 March 2022 58.748 1,082 4.957 64,787 1 S. Penslons and othèr post retirgmgnt benoflts Defined contrlbutlon plans The amount recognised in income or expenditure as an expense in relation to defined contrlbutlon plans was £Nil (2022: £91). 16. Government grants The amounts recognis8d in the financial statements for government grants are as follows.. 2023 2022 Recognised in income from donations and legacles: Govemment grants income 10,000 Draft Accounts 14:38 on 24 May 2023 South East Belfast District Scout Council Notes to the Financial Statements (￿n￿n(￿d} Year ended 31 March 2023 17. Analysis of charltable funds Unrestricted funds At 31 March 20 23 At 1 April 2022 Income Expenditure Unrèstricted Fund 1- ASAC Revenue Fund Unrestricted Fund 2 - ASAC Capital Development Fund Unrestricted Fund 3 - SEBDSC Revenue Fund (65,351) 58,766 (54,978) (61,563) 178,407 178,407 5,018 5,018 118,074 58,766 (54.978) 121,862 At 31 March 20 22 At 1 April 2021 Income Expenditure Unrestricted Fund 1- ASAC Revenue Fund Unrestrided Fund 2 - ASAC Capital Development Fund Unrestricted Fund 3 - SEBDSC Revenue Fund (73,603) 50.059 (41,807) (65,351) 178,407 178,407 5,018 5,018 109,822 50,059 (41,807) 118,074 Restrlctod funds At 31 March 20 23 At 1 April 2022 Income Expenditure Restricted Fund 1- Grant aided equipment 958 (479) 479 At 31 March 20 22 At 1 April 2021 Income Expenditure Restricted Fund 1- Grant aided equipment 1,436 (479) 957 Draft Accounts 10 14:38 on 24 May 2023 South East Belfast District Scout Council Notes to the Financial Statements (¢ontlnued) Year anded 31 March 2023 18. Analysls of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed ass8tS Current assets 61,300 60,562 121,862 479 61,779 60,562 Net assets 479 122,341 Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Current assets 63,830 54.244 957 64,787 54,244 Net assots 118,074 957 119,031 19. Flnanclal Instruments Where reduced disclosures are appli8d, disclosures from th8 Companies Act 2006 Still need to be made regarding the fair value of the instrum8nts in each category and the changes in value recognised in profit and loss. Disclosures of the significant assumptions underlying the valuation models and techniques used, and extent and nature of derivatlve instruments are also required. Draft Aecounts 14:38 on 24 May 2023 South East Belfast District Scout Council Management Information Year ended 31 March 2023 Th• following pages do not form part of tho flnanclal statoment8. Draft A¢Gounts 12 14:38 on 24 May 2023 South East Belfast District Scout Council Detsiled Statement of Financial Activities Year ended 31 March 2023 2023 2022 Income and endowments Donations and legacies Govemment grant income 10,000 Charitable actlvltles Fundraising aGtivities and Events 265 40 Other tradlng actlvltles AV Walk Income Hall Lettings and Camp F88S 603 57,877 58.480 39,942 39,942 Investment income Bank interest receivable 21 77 Total Income 58,766 50,059 Expondlture Expendlture on ¢harltablo actlvltles Wages and salaries Pension costs Rates and water Light and heal Repairs and maintenance Insurance Other establishment Motor vehic18 8xpenses Other motorltravel costs Legal and professlonal f888 Tel8phong Olh8r office costs Depreciation Dlrect charitsble activty 1- events, presentation and prize8 Dir8Ct charitable activity 1- bank interest and charges Direct charitable activity 1- AV Walk expenses 13,204 11,184 91 2,613 3,518 8,890 3,552 418 5,000 469 1.930 1.408 101 3.008 37 67 2,997 7,112 7.015 636 1.078 9,448 7,417 1,486 250 3,008 745 75 986 55,457 42,286 Total 8xp8ndlture 55,457 42,286 Net Income 3,309 7,773 Draft Accounts 13 14:38 on 24 May 2023 South East Belfast District Scout Council Notes to the Detailed Statement of Financial Activities Year ended 31 March 2023 2023 2022 Expenditure on charitable activitles Ardnavalley Scout Activity Centre Activities undertaken directly Direct charitable activity 1- wageslsalaries Dir8Ct charitable activity 1 pension costs Direct charitable activity 1 rates & water Direct charitable activity 1 light & heat Direct charitable activity 1- repairs & maintenance Direct charitsble a¢tivtty 1- insurance Dlrect charitsble actlvlty 1- sundry expenses Direct charitable activity 1- donations Direct charitable activity 1- grounds maintenance Direct charitable 8¢tivity 1 professional fèes Direct charitable activity 1- telephone Direct charitable activity 1 cleaning Direct charitable activity 1- depreciation Direct charitable activity 1 events, presentation and prizes Dir&ct charitable activity 1 bank int8rest and charges Direct charitable activity 1- AV Walk expenses 13,204 11.184 91 2,613 3,518 8,890 3,552 418 5,000 469 1,930 1,408 101 3,008 37 67 2.997 7.112 7,015 636 1,078 9,448 7,417 1,486 250 3,008 745 75 986 55.457 42.286 Expendlture on charltablè actlvltles 55,457 42.286 Draft Accounts 14 14:38 on 24 May 2023