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1 st Emmbrook Scout Group AGM Treasurer's Report 31 st March 2009

1 st Emmbrook Scout Group AGM Treasurer's Report 31 st March 2009. Treasurer’s Summary:

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1 st Emmbrook Scout Group AGM Treasurer's Report 31 st March 2009

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  1. 1st Emmbrook Scout Group AGM Treasurer's Report 31st March 2009 Treasurer’s Summary: The Group Executive Committee (GREX) are delighted to report the strong membership of Beavers, Cubs and Scouts within the Group resulted in subscriptions rising by 8.5% to £7,454 (2008: £6,868). Of which, £3,193 (2008: £2,861) was paid out as Scout Association Capitation fees. Income for the Group was driven by the continuing strong donations received £11,063 (2008: £9,021). Fund raising activities for the year raised £1,966 (2008: £1,988). The decision not to raise funds from the Christmas Catalogue was compensated for by holding a Christmas Raffle £92, and a Race Night £529. The Winter Carnival Stall raised £769 (2008: £684) and the BBQ £529 (2008: £480). The increased donations and subscriptions meant that the Gift Aid tax refund was £2,722 (2008: £1,446). The main expenditure for the year was £30,178 on the Hut Refurbishment programme. Hall maintenance costs were minimal in the year £16 (2008: £775), as they have been classified under Hut Refurbishment. Other expenditure items in the year increased, Electricity £909 (2008: £368) and Transport £587 (2008: £368). The latter reflecting the Groups policy of funding each Sections transport costs centrally. The Hut Refurbishment programme has resulted in the Group reporting a net shortfall in the Income & Expenditure Accounts for the year of -£14,701 (2008: +£12,683). GREX have taken the opportunity to review the Group’s balance sheet structure. Equipment book value of £928 has been written-off. In addition Capitation will no longer be treated as a pre-payment as the Group would not receive a refund in the case of dissolution. These actions have the effect of reducing the overall Group asset value but have no effect on the Sections activities nor on the cash balances of the Group. Due to the Hut Refurbishment the Group’s cash balance reduced to £28,749 (2008: £38,908). In accordance with Charity Commission guidelines, £14,000 is being treated as restricted funds towards further Hut Refurbishment. The closing accumulated funds for the Group were £30,185 (2008: £44,206). Group Balance Sheet

  2. 1st Emmbrook Scout Group AGM Treasurer's Report 31st March 2009 Group Income & Expenditure Sections Income & Expenditure

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