## **Treasurer’s Report** ## **Summary** Overall a very tough year with difficult decisions made to subsidise membership fees. Did not charge the members the full fees but were charged the full fees by Scouting Ireland. Hopefully we can soon return more normal times. But the days of the group being able to subsidise activities such as Group Camp are over. ## **Income** Income fell to £8885 from £47,269 due to almost no activity income down c.£26k and membership income dropping dramatically to £7232 less than half its normal amount ## **Expenditure** Overall expenditure fell to £14493. The vast majority (£10073) of which was membership fees. ## **Net position** Overall, the group made a loss of £5,508 The net cash balance fell to £16,250 with free ash of £8090 and cash set aside for a replacement minibus of £8160 ## **Reconciliation** We prepare two sets of accounts using different accounting approaches the one we use for ourselves and the set we produce for Dublin below reconciles the two. |Accounts Reconciliation|| |---|---| |Loss per 29th accounts|-5608| |Increase Loss|| |opening accrual hall rent|-1340| |opening accrual camp refunds|-2595| |closing sundry debtor (membership)|-1356| |Reduce Loss|| |Depreciation|2360| |Adjusted Loss|-8540| |per national accounts|-8540| |Difference|0| Accounts below first in 29[th] format then national which is a cash only account **----- Start of picture text -----**
29th Belfast Scout Group SI
Income & Expenditure Account year to 31 August 2021
Income Year to Date Last Year Variance
Income from membership fees 7232 20387 -13155
Gift Aid received 0 0 0
SEELB Grants received 555 0 555
Bank interest received 22 30 -8
Other 644 863 -219
Income from activities 433 11360 -10927
8885 32640 -23755
Expenditure
Membership fees to Scouting Ireland 10073 12896 -2823
Costs of activities -435 13176 -13610
Section costs inc floats 0 500 -500
Uniforms/badges 0 816 -816
Hall Rent & Insurance 0 3791 -3791
Equipment repairs/replacements 0 0 0
Training costs 56 1330 -1274
Minibus insurance/running costs 1866 662 1204
Bank Fees 332 512 -179
Other Misc Expenses 240 1648 -1408
Depreciation 2360 2360 0
14493 37691 -23198
Surplus (-Loss) for the Year -5608 -5051 -557
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29th Belfast Scout Group SI
Balance Sheet as at 31 August 2021 gust 2021 ust 2021
Current August 20
Fixed Assets
Equipment & Minibus 12384 14654
Current Assets
Cash at Bank and on hand 8090 18079
Minibus Cash Reserve 8160 6800
Sundry Debtor 1356 0
17606 24879
Current Liabilities 0 3935
Net Current Assets 17606 20944
Total Assets 29989 35598
Retained Surplus:
Surplus retained at end of last year 35598 40649
Surplus for the year -5608 -5051
Retained Surplus 29989 35598
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## **29th Belfast Scout Group SI Balance Sheet as at 31 August 2021 gust 2021 ust 2021** |**31/08/2021**
**31/08/2020**
**Opening Bank Balances**
**£**
**£**
1
Ulster Bank 1
-
-
2
Ulster Bank 2
24,879.09
26,322.09
3
Cash in-hand
-
-
**Total Opening Balance**
24,879.09
26,322.09
**_Income_**
Income from Membership Fees
7,231.50
20,136.95
Fund Raising
-
-
Donations
-
-
Grants
555.00
-
Other Income (events and other)
1,098.57
11,728.21
8,885.07
31,865.16
**_Expenditure_**
Membership Fees Paid to National Office
11,429.00
12,896.00
Amounts Paid to Counties or Provinces
Programme Costs
2,160.34
12,180.75
Training Costs
56.41
1,330.25
Administrative Costs
332.32
261.68
Den Costs
1,340.40
2,450.98
Other Expenses (events and other)
2,196.17
4,188.50
Volunteer Expenses
-
-
17,514.64
33,308.16
**29thBelfast**
**Statement of Income and Expenditure**
**01/09/2020 - 31/08/2021**|**31/08/2021**
**31/08/2020**
**Opening Bank Balances**
**£**
**£**
1
Ulster Bank 1
-
-
2
Ulster Bank 2
24,879.09
26,322.09
3
Cash in-hand
-
-
**Total Opening Balance**
24,879.09
26,322.09
**_Income_**
Income from Membership Fees
7,231.50
20,136.95
Fund Raising
-
-
Donations
-
-
Grants
555.00
-
Other Income (events and other)
1,098.57
11,728.21
8,885.07
31,865.16
**_Expenditure_**
Membership Fees Paid to National Office
11,429.00
12,896.00
Amounts Paid to Counties or Provinces
Programme Costs
2,160.34
12,180.75
Training Costs
56.41
1,330.25
Administrative Costs
332.32
261.68
Den Costs
1,340.40
2,450.98
Other Expenses (events and other)
2,196.17
4,188.50
Volunteer Expenses
-
-
17,514.64
33,308.16
**29thBelfast**
**Statement of Income and Expenditure**
**01/09/2020 - 31/08/2021**| |---|---| ||| |**Surplus (Deficit)**|8,629.57
-
1,443.00
-| |**Closing Balances**
1
Ulster Bank
-
-
2
Danske Bank
16,249.52
24,879.09
3
Cash-in-hand
-
-
0.00
**Total Closing Balance**
16,249.52
24,879.09
16249.52
24,879.09
**Bank Reconciliation**
Bank
statement
balance
Unpresented
cheques /
lodgements
Prior period
Unpresented
cheques /
lodgements
Closing
reconciled
balance
1 Ulster Bank 1
-
-
-
-
2 Danske Bank
16,291.56
42.04
-
-
16,249.52
3 Cash in-hand
-
-
-
-
**Total Closing Reconciled Balance**
16,249.52|| ## **APPENDIX 6C: BANK RECONCILIATION TEMPLATE** *should be presented to the Group Council as an appendix to the Accounts; as proof of the funds therein. Date: 31/08/2020 Balance per Accounts £16,291.56 Cheques outstanding (paid but not in bank statement) £ . …………42.04……………. . ……………………………… . ……………………………….. . ………………………………. Lodgments outstanding (lodged but not in bank statement) . ……………………0…………. . ……………………………… . ……………………………….. . ………………………………. Charges not reflected in account . …………………………0……. . …………………………0…… Balance per Bank Statement