Financial Accounts Year End 31[st] August 2022
1[st] Dromore Newry Scout Group
2 Home Avenue
Newry Co. Down BT34 2DL
- Strictly Confidential -
First Dromore Newry Scout Group, 2 Home Avenue, Newry, Co. Down, BT34 2DL
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23 [rd] October 2022
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Treasurer’s Report
This Scouting year, we were back to full face-to-face activities. The monthly subscriptions and parental support, which is vital to the group, rose slightly with the group receiving full subscriptions including parents who ceased subscription during the pandemic. The adult volunteers have to be commended for the continued support and dedication during the year. We received an increase in grants this year due the good work form Raymond and Barry and their work with 3[rd] Sector Connect in obtaining these. The grants included work on the outside for our green space, a new storge unit and grants to replace equipment (such as the table and chairs for the group). We are still missing the bag pack income for the third year which usually would amount to £3k. Total net income excluding grants increased from £16K in 2021 to £19K in 2022.
Activity costs for the group have risen in 2022 due to expenditure on the equipment and grants we received in relation to new tents, tables, chairs and the completed outside works. This was very much aided by the significant financial support grants we received via 3[rd] Sector Connect. Total expenditure on equipment this year was £18K and a further £11K on repair to building and outside works. The expenditure in Scouting activities this year was £12k similar to last year’s figure. The major cost for the group every year is the Scouting Ireland fees, which this year have increased from 45% of parental voluntary subscriptions to 49% of 2022 subscriptions. Total costs have increased from £33K to £58K leaving a surplus for 2022 of £2,535.15.
During the year, we received £3,205.14 in Gift Aid for the tax year ending 2021. There was a transfer of £6,500 into the building development fund to provide for future investment and upgrades required in the hall.
Overall, the financial standing of the Scout Group is strong and we will continue to build on this success.
Barry Duffy Treasurer 1[st] Dromore Newry Scout Group 23/10/2022
www.newryscouts.com
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Financial Statement for the Year Ended 31st August 2022
| INCOME | 31st Aug 22 31st Aug 21 31st Aug 20 |
|
|---|---|---|
| Rent | - £ - £ - £ |
|
| Donations | 514.90 £ - £ 750.00 £ |
|
| Monthly Subscriptions Cubs, Scouts, Venturers | 13,597.00 £ 12,015.00 £ 13,735.00 £ |
|
| Grants | 41,889.21 £ 13,216.57 £ 1,266.20 £ |
|
| Sponsorship | - £ - £ - £ |
|
| SELB Grants | - £ - £ - £ |
|
| Sale of Uniforms | 60.00 £ - £ - £ |
|
| Activity Income | ||
| Scout Activities | 2,230.00 £ 1,175.00 £ 87.00 £ |
|
| Venturers Activities | 1,194.61 £ 770.00 £ 320.00 £ |
|
| Cub & Beaver Activities | 1,010.00 £ 1,410.00 £ 855.17 £ |
|
| Fundraising Income | ||
| Venturer Bag Packs | - £ - £ 1,530.00 £ |
|
| Parent support group Other Income | 396.93 £ 763.30 £ 1,217.26 £ |
|
| Total Income | ---------------------- ---------------------- ---------------------- 60,892.65 £ 29,349.87 £ 19,760.63 £ |
|
| EXPENDITURE | ||
| Summer Camp and Activity Expenses | £ £ £ |
|
| Cub & Beaver Activity Costs | 4,784.41 £ 5,782.30 £ 853.96 £ |
|
| Scout Camp & Activity Costs | 5,456.36 £ 6,821.32 £ 174.45 £ |
|
| Venturer Activity Costs | 2,478.27 £ 809.88 £ 664.67 £ |
|
| Equipment | 18,483.73 £ 4,815.14 £ 588.38 £ |
|
| Courses & Scouting Ireland Fees | ||
| Leader Courses / First Aid | 60.00 £ 80.00 £ 837.30 £ |
|
| Scouting Ireland Fees / Region Fees | 6,745.41 £ 49.6% 5,480.40 £ 45.6% 7,588.46 £ |
55.2% |
| Donations / Gifts | 353.96 £ 289.70 £ 449.99 £ |
|
| Fundraising Expenses | ||
| Purchase of Uniforms / Badges | 1,595.50 £ 2,680.84 £ 328.91 £ |
|
| Utility Costs | ||
| Electricity | 328.85 £ 276.41 £ 203.22 £ |
|
| Insurance Payment | 1,965.28 £ 1,387.26 £ 1,349.96 £ |
|
| Oil Payments | 793.83 £ 508.00 £ 1,028.09 £ |
|
| Broadband and IT | 577.63 £ 452.79 £ |
|
| Water Rates | 349.42 £ 539.72 £ 450.60 £ |
|
| Repairs & Maintenance | 11,061.09 £ 2,578.75 £ 2,250.74 £ |
|
| Hall Upgrade Costs and fees | 2,400.00 £ 400.00 £ 271.38 £ |
|
| Motor Van Expenses | 360.20 £ 300.50 £ 828.50 £ |
|
| Sundry Expenses | 563.56 £ 655.80 £ 552.63 £ |
|
| Total Expenditure | ------------------------- ------------------------- ------------------------- 58,357.50 £ 33,858.81 £ 18,421.24 £ |
|
| Surplus/Deficit for the Year | ============= ============= ============= 2,535.15 £ 4,508.94 -£ 1,339.39 £ ============= ============= ============= |
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1ST DROMORE SCOUT GROUP
Financial Statement for the Year Ended 31st August 2022
| 31st | Aug 22 | 31st Aug 21 | 31st Aug 21 | 31st Aug 20 | 31st Aug 20 | |
|---|---|---|---|---|---|---|
| £ | £ | £ | ||||
| Opening Balance as at 1st September | £ | 4,806.52 |
£ | 11,333.83 |
£ | 959.07 |
| Surplus /Deficitfor the Year Ended 31st August | £ | 2,535.15 |
-£ | 4,508.94 |
£ | 1,339.39 |
| ------------------------- | ------------------------- | ------------------------- | ||||
| Closing Balance as at 31st August | £ | 7,341.67 |
£ | 6,824.89 |
£ | 2,298.46 |
| Transfer to AIB NI Development Fund Account | -£ | 6,500.00 |
-£ | 8,500.00 |
-£ | 6,500.00 |
| Gift Aid Received in the Year | 3,205.14 | 6,481.63 | 15,535.37 | |||
| ------------------------- | ------------------------- | ------------------------- | ||||
| Closing Balance as at 31st August | £ | 4,046.81 |
£ | 4,806.52 |
£ | 11,333.83 |
| ============= | ============= | ============= | ||||
| ULSTER BANK RECONCILIATION | ||||||
| 31st | Aug 22 | 31st Aug 21 | 31st Aug 20 | |||
| £ | £ | £ | ||||
| Ulster Bank Statement Balance @ 31st August | £ | 4,046.81 |
£ | 2,151.52 |
£ | 11,258.76 |
| Less Unpresented Cheques | £ | - |
£ | - |
||
| Add Unrecorded Lodgements | £ | - |
£ | 2,655.00 |
£ | 75.07 |
| ------------------------- | ------------------------- | ------------------------- | ||||
| Ulster Bank Balance as at 31st August | £ | 4,046.81 |
£ | 4,806.52 |
£ | 11,333.83 |
| ============= | ============= | ============= | ||||
| 0.00 | - | - |
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AIB NI DEVELOPMENT FUND A/C's
| 31st Aug 22 | 31st Aug 22 | 31st Aug 21 | 31st Aug 21 | 31st Aug 20 | 31st Aug 20 | ||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | |||||
| Opening Balance as at 1st September | £ | 24,440.68 |
£ | 15,984.23 |
£ | 9,526.69 |
|
| Donations Transfers from Ulster Bank Main A/c | £ | 6,500.00 |
£ | 8,500.00 |
£ | 6,500.00 |
|
| Development Fund Donations and Expenses | £ | 8,160.00 |
£ | - |
|||
| ------------------------- | ------------------------- | ------------------------- | |||||
| Closing Balance as at 31st August | £ | 39,100.68 |
£ | 24,484.23 |
£ | 16,026.69 |
|
| ============= | ============= | ============= | |||||
| Bank Charges | £ | 41.16 |
£ | 43.55 |
£ | 42.46 |
|
| AIB NI Bank Statement @ 31st August | £ | 39,059.52 |
£ | 24,440.68 |
£ | 15,984.23 |
|
| ============= | ============= | ============= | |||||
| AIB NI Bank Summary | |||||||
| Development Fund Account Balance 31st August | 40,899.52 | 24,440.68 | 15,350.63 | ||||
| Less O/S Cheques | - | 1,840.00 |
|||||
| No.4 account (Now Closed & Transferred) | 474.99 | ||||||
| Venture a/c (Now Closed & Transferred) | 158.33 | ||||||
| No.3 A/c (Now Closed & Transferred) | 0.28 | ||||||
| 39,059.52 | 24,440.68 | 15,984.23 | - | ||||
| ============= | ============= | ============= | |||||
| - | - | - |
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