10th Croydon Scout Group

Treasurers Report

For the Year ending December 2020.

One of the world's Oldest Groups

See Also: Accounts Yr End Dec 2020

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10th Croydon Scout Group

 

Treasurers Report for the Year ending December 2020.

The details of our income and expenditure are shown in the Group Accounts for 2020. The following summary has been extracted from the accounts: -

Total Income

£14,588.22

Total Expenditure

£14,488.91       

 

 

Income - Expenditure

£99.31

 

This would appear to indicate that we made a profit of £99.31. However, we received government grants of £10,000 and £1,334.00.

i.e. £11334.00 in total which has improved our account balance considerably.

We transferred £8000 of the grants to our Charity Deposit account so our net income to our current account from the grants was £3,334.00.

Adjusting the Income/Expenditure to exclude the Grants would show the Income/Expenditure as below: -

Total Income

£4,014.22

Total Expenditure

£7,248.91

 

 

Income – Expenditure

- £3,234.69

 

So, without the grants we would have made a substantial loss of £3234.69.

Our main items of expenditure are shown in the summary below.

Our income from hall rental was considerably reduced for the periods when COVID-19 restrictions were in place.

 In terms of expenditure, payments included: -

Capitation Fees

£760.00

Money Paid to Croydon District Scouts

UNITY Insurance

£1993.75

For members, hall, equipment etc.

Gas/Electricity

£747.85

British Gas Business

Water and Sewerage

£222.51

Paid to Castle Water

HQ Maintenance

£868.00

Building repairs, heating system etc.

 

 

 

Total (of items above)

£4,592.11

 

 

 

 

Total Expenditure

£7,248.91

**From Group Accounts

 

** Excluding the £8000 transferred to our Charity Deposit account

The table above shows that the Items listed above represent     63.3% of our Total Expenditure.

It should also be noted that we did not have to pay any Council Tax this year which usually is a significant expenditure.

Also, the payments to Castle Water would have been higher but payments were suspended for part of the year.

Normally the only main sources of income that we have are from subs and money raised from hall rental.

 

10th Croydon Scouts

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