1st Nailsea Scouts
The Group's main activity is Scouting for both males and females from the age of 6 to the age of 14
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £6,003 for the year, a shift from the previous year's net income, driven by increased training and headquarters costs. Despite this, the charity maintains a strong balance sheet with total net assets of £271,063 and unrestricted reserves of £256,884. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustees’ policy on reserves is to hold sufficient resources to continue the charitable activities of the Group should income and fundraising activities fall short. Consequently, the policy is that the Group should hold a sum in cash equivalent to 4 months’ (i.e. two terms’) running costs of approximately £20,000 (2023: £18,000).” — page 7
“During the year, the Trustees paid aggregate donations and membership fees to the group of £2,018 (2023: £1,580). In the previous year, the group made purchases of badges and other printed material from Polar Products, a related party at the time by virtue of the business being owned by a Trustee. Total purchases during 2023 amount to £122. The balance outstanding at 31 December 2023 was £nil. Polar Products has subsequently ceased to be a related party.” — page 20
Trustees
- Sarah Chaplowchair
- Alexander William Woodman
- Anita Flintoff
- EDMOND JOHN HAYES
- Hallam James Merryweather
- John Buss
- Katherine Mann
- Nicole Jelliss
- Pip Honor-Gilasbey
- Richard Stevenson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £74k | £80k |
| 31/12/2023 | £89k | £67k |
| 31/12/2022 | £72k | £62k |
| 31/12/2021 | £62k | £37k |
| 31/12/2020 | £35k | £34k |
Common questions
Is 1st Nailsea Scouts financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £6,003 for the year, a shift from the previous year's net income, driven by increased training and headquarters costs. Despite this, the charity maintains a strong balance sheet with total net assets of £271,063 and unrestricted reserves of £256,884. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.